Document:

Sale and Purchase Agreement dated November 30, 2006

 Exhibit 10.7 
 

 
  
 Lovells 
  
  
  
  
 SALE AND PURCHASE AGREEMENT

 REGARDING THE SALE AND PURCHASE 
 OF ALL SHARES IN 
 EVOTEC TECHNOLOGIES GMBH 
 30 NOVEMBER 2006 
  
  

 SALE AND PURCHASE AGREEMENT 

by and among 
  

	1.	Evotec AG, Schnackenburgallee 114, 22525 Hamburg, Germany, registered with the commercial register of the lower court of Hamburg under HRB 68223 

 (hereinafter referred to as the “Seller 1”), 
  

	2.	Pfizer Inc., 235 East 42nd Street, New York, N. Y. 10017, USA 

 (hereinafter referred to as the “Seller 2”), 
 (Seller 1 and Seller 2 hereinafter collectively
referred to as the “Sellers”), 
 and 
  

	3.	PerkinElmer LAS (Germany) GmbH, Ferdinand-Porsche-Ring 17, 63110 Rodgau-Jügesheim, Germany, registered with the commercial register of the lower court of Offenbach am Main
under HRB 23333 

 (hereinafter referred to as the “Purchaser”), 
  

	4.	PerkinElmer Instruments International Ltd. & Co. KG, Ferdinand-Porsche-Ring 17, 63110 Rodgau-Jügesheim, Germany, registered with the commercial register of the lower
court of Offenbach am Main under HRA 22176 

 (hereinafter referred to as the “Shareholder Loans
Purchaser”), 
  

	5.	PerkinElmer, Inc., 45 William Street, Wellesley, MA 02481-4078, USA 

 (hereinafter referred to as the “Purchaser’s Guarantor”), 
 (Seller 1, Seller 2, the Purchaser, the
Shareholder Loans Purchaser and the Purchaser’s Guarantor hereinafter collectively referred to as the “Parties”, and each of them as a “Party”). 
  

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 TABLE OF CONTENTS 
  

			
	 INDEX OF DEFINITIONS
	  	4
		
	 INDEX OF EXHIBITS
	  	9
		
	 PREAMBLE
	  	11
		
	 SECTION 1 CORPORATE STATUS / STRUCTURE OF THE
ACQUISITION
	  	12
		
	 SECTION 2 SALE AND PURCHASE OF SHARES
AND SHAREHOLDER LOANS
	  	14
		
	 SECTION 3 PURCHASE PRICE AND CONDITIONS OF
PAYMENT
	  	16
		
	 SECTION 4 CLOSING
	  	23
		
	 SECTION 5 Q4 FINANCIAL STATEMENTS
	  	26
		
	 SECTION 6 SELLERS’ GUARANTEES
	  	30
		
	 SECTION 7 REMEDIES FOR BREACH OF SELLERS’
GUARANTEES
	  	43
		
	 SECTION 8 TAXES
	  	50
		
	 SECTION 9 INDEMNITY WITH RESPECT TO CERTAIN
EMPLOYMENT RELATIONSHIPS
	  	55
		
	 SECTION 10 OLYMPUS TRANSACTION
	  	57
		
	 SECTION 11 PURCHASER’S GUARANTEES
	  	59
		
	 SECTION 12 COVENANTS; RIGHT TO MITIGATE
PURCHASE PRICE
	  	61
		
	 SECTION 13 CONFIDENTIALITY AND PUBLIC
COMMUNICATION
	  	66
		
	 SECTION 14 PURCHASER’S GUARANTOR
	  	67
		
	 SECTION 15 COSTS AND TAXES
	  	67
		
	 SECTION 16 NOTICES
	  	67
		
	 SECTION 17 INSURANCE
	  	69
		
	 SECTION 18 MISCELLANEOUS
	  	69

  

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 INDEX OF DEFINITIONS 
  

			
	 TERM
	  	 DEFINITION

		
	Affiliate(s)	  	as defined in section 15 AktG
		
	Agreement	  	as defined in the Preamble
		
	AktG	  	German Stock Corporation Act (Aktiengesetz)
		
	AO	  	German Tax Code (Abgabenordnung)
		
	Assets	  	as defined in section 6.2.5 (1)
		
	Auditor	  	as defined in section 5.7.3
		
	Bauer Share	  	as defined in section 1.2.1 (4)
		
	BGB	  	German Civil Code (Bürgerliches Gesetzbuch)
		
	Business	  	as defined in the Preamble
		
	Business Day	  	a day (other than a Saturday or Sunday) on which banks are open for business in Frankfurt am Main, Germany
		
	Cash	  	as defined in section 3.2.3
		
	Claussen Share	  	as defined in section 1.2.1 (3)
		
	Closing	  	as defined in section 4.4.1
		
	Closing Condition	  	as defined in section 4.2.1
		
	Closing Date	  	as defined in section 4.1
		
	Closing Memorandum	  	as defined in section 4.4.1 (10)
		
	Companies	  	as defined in section 1.3
		
	Companies’ Shares	  	as defined in section 1.3
		
	Company	  	as defined in section 1.1
		
	Constitutional Documents	  	as defined in section 6.2.1 (1)
		
	De Minimis Amount	  	as defined in section 7.3

  

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	 TERM
	  	 DEFINITION

		
	Dr. Bauer	  	as defined in section 1.2.1 (4)
		
	Dr. Günther	  	as defined in section 1.2.1 (5)
		
	Effective Date	  	as defined in section 1.5
		
	Effective Date Accounts	  	as defined in section 5.1.1
		
	Environmental Condition	  	as defined in section 6.2.7 (5)
		
	Escrow Account I	  	as defined in section 3.8.1
		
	Escrow Account II	  	as defined in section 3.8.2
		
	Escrow Agreement I	  	as defined in section 3.8.1
		
	Escrow Agreement II	  	as defined in section 3.8.2
		
	Escrow Amount I	  	as defined in section 3.6.1 (2)
		
	Escrow Amount II	  	as defined in section 3.6.1 (3)
		
	Expert	  	as defined in section 5.5.1
		
	Financial Debt	  	as defined in section 3.2.2
		
	Financial Statements 2005	  	as defined in section 6.2.2 (1)
		
	Financial Statements 2006	  	as defined in section 5.7.1
		
	German GAAP	  	as defined in section 5.2
		
	GmbHG	  	German Limited Liability Companies Act (Gesetz betreffend die Gesellschaften mit beschränkter Haftung)
		
	Gross Enterprise Value	  	as defined in section 3.2.1
		
	Günther Share	  	as defined in section 1.2.1 (5)
		
	GWB	  	German Act against Restraints of Competition (Gesetz gegen Wettbewerbsbeschränkungen)
		
	HGB	  	German Commercial Code (Handelsgesetzbuch)
		
	Important Claims	  	as defined in section 7.2.2 (1)

  

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	 TERM
	  	 DEFINITION

		
	Intellectual Property Rights	  	as defined in section 6.2.6
		
	Key Employee(s)	  	as defined in section 6.2.9 (2)
		
	Know-How	  	as defined in section 6.2.6
		
	Licensed IP Rights	  	as defined in section 6.2.6
		
	MAC	  	as defined in section 12.3
		
	Material Agreements	  	as defined in section 6.2.8
		
	Measures	  	as defined in section 4.4.1 (9)
		
	Notices	  	as defined in section 16.1
		
	Olympus Transaction	  	as defined in section 10.1
		
	Owned IP Rights	  	as defined in section 6.2.6
		
	Parties	  	as defined on page 2 above
		
	Party	  	as defined on page 2 above
		
	Permits	  	as defined in section 6.2.7 (1)
		
	Preliminary Effective Date Accounts	  	as defined in section 5.1.1
		
	Preliminary Q4 Financial Statements	  	as defined in section 5.1.1 (1)
		
	Preliminary Effective Date Itemization	  	as defined in section 5.1.1 (2)
		
	Preliminary Purchase Price	  	as defined in section 3.3
		
	Preliminary Purchase Price Calculation	  	as defined in section 5.1.1 (3)
		
	Prof. Claussen	  	as defined in section 1.2.1 (3)
		
	Purchase Price	  	as defined in section 3.1
		
	Purchase Price Adjustment	  	as defined in section 3.4.1
		
	Purchaser	  	as defined on page 2 above
		
	Purchaser’s Account	  	as defined in section 3.5.3
		
	Purchaser’s Guarantor	  	as defined on page 2 above
		
	Q3 Financial Statements	  	as defined in section 3.2.6
		
	Q4 Financial Statements	  	as defined in section 5.1.1 (1)

  

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	 TERM
	  	 DEFINITION

		
	Real Property Agreements	  	as defined in section 6.2.4 (1)
		
	Redundancy Costs	  	as defined in section 9.2.1
		
	Redundant Employees	  	as defined in section 9.1
		
	Registered Share Capital	  	as defined in section 1.2.1
		
	Reverse Effects	  	as defined in section 8.5
		
	Seller	  	each of the Sellers individually
		
	Seller 1	  	as defined on page 2 above
		
	Seller 1’s Account	  	as defined in section 3.5.1
		
	Seller 1 Share A	  	as defined in section 1.2.1 (1)
		
	Seller 1 Share B	  	as defined in section 1.2.1 (1)
		
	Seller 2	  	as defined on page 2 above
		
	Seller 2’s Account	  	as defined in section 3.5.2
		
	Seller 2 Share	  	as defined in section 1.2.1 (2)
		
	Sellers	  	Seller 1 and Seller 2 collectively
		
	Sellers’ Account	  	as defined in section 3.5.1
		
	Sellers’ Agent	  	as defined in section 7.6.1
		
	Sellers’ Best Knowledge	  	as defined in section 6.4
		
	Shareholder Loan(s)	  	as defined in section 1.4
		
	Shareholder Loans Purchaser	  	as defined on page 2 above
		
	Shareholder Loans Remuneration	  	as defined in section 3.2.5
		
	Shareholders’ Agreement	  	as defined in section 2.3.2
		
	Shares	  	as defined in section 1.2.1
		
	Signing Date	  	the day on which this Agreement is notarized
		
	Subsidiary	  	as defined in section 1.3
		
	Tax/Taxes	  	as defined in section 6.2.11 (1)

  

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	 TERM
	  	 DEFINITION

		
	Tax Authority	  	as defined in section 6.2.11 (1)
		
	Tax Contest	  	as defined in section 8.4.2
		
	Tax Return	  	as defined in section 6.2.11 (1)
		
	Third Party / Parties	  	any individual person, legal entity or other subject having legal capacity (Rechtssubjekt) which is not a Party
		
	Threshold	  	as defined in section 7.3
		
	Working Capital	  	as defined in section 3.2.4
		
	Working Capital Shortfall	  	as defined in section 3.2.4
		
	Working Capital Surplus	  	as defined in section 3.2.4
		
	ZPO	  	German Code of Civil Procedure (Zivilprozessordnung)

  

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 INDEX OF EXHIBITS 
  

			
	Exhibit 1.2.3 (a)	  	Share purchase and transfer agreement regarding Claussen Share
		
	Exhibit 1.2.3 (b)	  	Share purchase and transfer agreement regarding Bauer Share
		
	Exhibit 1.2.3 (c)	  	Share purchase and transfer agreement regarding Günther Share
		
	Exhibit 1.4	  	Shareholder Loans
		
	Exhibit 2.3.1	  	Minutes of shareholders’ meeting
		
	Exhibit 2.3.2	  	Sellers’ consent
		
	Exhibit 2.3.3	  	Company’s approval
		
	Exhibit 2.3.4	  	Sellers’ waiver
		
	Exhibit 3.2.6	  	Q3 Financial Statements
		
	Exhibit 3.3	  	Preliminary Purchase Price
		
	Exhibit 3.7	  	Purchase price allocation
		
	Exhibit 3.8.1	  	Escrow Agreement I
		
	Exhibit 3.8.2	  	Escrow Agreement II
		
	Exhibit 4.4.1 (2)	  	Transition services agreement
		
	Exhibit 4.4.1 (3)	  	Sublease agreement
		
	Exhibit 4.4.1 (9)	  	Measures
		
	Exhibit 4.4.1 (10)	  	Form of Closing Memorandum
		
	Exhibit 5.7.2	  	Principles of intra-group accounting
		
	Exhibit 6.2.1 (1)	  	Constitutional Documents
		
	Exhibit 6.2.2 (1)	  	Deviations from past practice with regard to Q3 Financial Statements
		
	Exhibit 6.2.4 (1)	  	Real Property Agreements
		
	Exhibit 6.2.6 (a)	  	Patents, utility models, design patents
		
	Exhibit 6.2.6 (b)	  	Trademarks
		
	Exhibit 6.2.6 (c)	  	Copyrights
		
	Exhibit 6.2.6 (1)	  	Owned IP Rights not solely and exclusively owned
		
	Exhibit 6.2.6 (2)	  	Limitations and restrictions on Owned IP Rights

  

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	Exhibit 6.2.6 (3)	  	Hardware, firmware and software licences
		
	Exhibit 6.2.6 (4)	  	Third Party arrangements with respect to Owned IP Rights
		
	Exhibit 6.2.6 (5)	  	Infringement claims with respect to intellectual property rights of third parties
		
	Exhibit 6.2.6 (6)	  	Proceedings with respect to Owned IP Rights
		
	Exhibit 6.2.6 (8)	  	Service inventions
		
	Exhibit 6.2.7 (4)	  	Exceptions with respect to public grants
		
	Exhibit 6.2.8	  	Material Agreements
		
	Exhibit 6.2.9 (1)	  	Collective bargaining agreements
		
	Exhibit 6.2.9 (2)	  	Key Employees
		
	Exhibit 6.2.9 (4)	  	Incentive plans
		
	Exhibit 6.2.10 (1)	  	Litigation
		
	Exhibit 6.2.12	  	Insurances
		
	Exhibit 6.2.13	  	Conduct of business
		
	Exhibit 7.4	  	Persons relevant to purchaser’s best knowledge
		
	Exhibit 9.1	  	Redundant Employees
		
	Exhibit 10.1	  	Excerpt from IP and know-how transfer and license agreement between the Company and Olympus Corporation dated 13 March 2006
		
	Exhibit 12.2	  	Measures and transactions between the Signing Date and the Closing Date
		
	Exhibit 12.9 (a)	  	List of public grants
		
	Exhibit 12.9 (b)	  	Description of intended use (Verwertung) of Intellectual Property Rights outside of the European Union

  

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 PREAMBLE 
 WHEREAS, Seller 1 is a stock corporation duly organised and existing under the laws of the Federal Republic of Germany; 
 WHEREAS, Seller 2 is a U.S. corporation duly organised and existing under the laws of the State of Delaware, USA, with principal place of business at 235 East 42nd Street, New York, N.Y. 10017, USA; 
 WHEREAS, the Purchaser is a limited liability company duly organised and existing under the laws of the Federal Republic of Germany, 
 WHEREAS, the Shareholder Loans Purchaser is a limited partnership duly organised and existing under the laws of the Federal Republic of Germany, 
 WHEREAS, the Purchaser’s Guarantor is a U.S. corporation duly organised and existing under the laws of the Commonwealth of Massachusetts, USA, with registered
offices in 45 William Street, Wellesley, MA 02481, USA; 
 WHEREAS, Evotec Technologies GmbH is a limited liability company duly organised and existing under
the laws of the Federal Republic of Germany and, together with its direct subsidiary Evotec Technologies, Inc., active in the field of automation and integration of life sciences applications (such business hereinafter also referred to as the
“Business”); 
 WHEREAS, the Sellers have determined to divest of the Business and wish to sell all shares in Evotec Technologies GmbH and
its direct subsidiary Evotec Technologies, Inc., as well as loans granted by Seller 1 to Evotec Technologies GmbH, and the Purchaser and the Shareholder Loans Purchaser, respectively, wish to acquire these shares and loans subject to the terms
and conditions of this sale and purchase agreement (hereinafter referred to as the “Agreement”). 
  

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 NOW, THEREFORE, the Parties hereto agree as follows: 
 SECTION 1 
 CORPORATE STATUS
/ STRUCTURE OF THE ACQUISITION 
  

	1.1	Legal form; Registration of the Company 

 Evotec
Technologies GmbH, registered with the commercial register of the lower court (Amtsgericht) of Düsseldorf under HRB 48029, (hereinafter referred to as the “Company”) is a limited liability company (Gesellschaft mit
beschränkter Haftung) organized under the laws of Germany with registered seat in Düsseldorf. 
  

	1.2	Share Capital of the Company 

  

	1.2.1	The registered share capital (Stammkapital) of the Company amounts to EUR 33,000 (in words: Euro thirty three thousand) (hereinafter referred to as the
“Registered Share Capital”). The Registered Share Capital is divided into the following shares (Geschäftsanteile), which are held by the Sellers and three further shareholders of the Company as follows:

  

	 	(1)	Seller 1 holds one share in the nominal amount (Nennbetrag) of EUR 24,310.00 (in words: Euro twenty four thousand three hundred ten) (hereinafter referred to
as the “Seller 1 Share A”) and a further share in the nominal amount of EUR 4,100.00 (in words: Euro four thousand one hundred) (hereinafter referred to as “Seller 1 Share B”); 

  

	 	(2)	Seller 2 holds one share in the nominal amount of EUR 3,300.00 (in words: Euro three thousand three hundred) (hereinafter referred to as the “Seller 2
Share”); 

  

	 	(3)	Prof. Dr. Carsten Claussen, born 15 August 1958, resident Buchenhof 7, 22605 Hamburg, Germany (hereinafter referred to as “Prof. Claussen”), holds one
share in the nominal amount of EUR 770.00 (in words: Euro seven hundred seventy) (hereinafter referred to as the “Claussen Share”); 

  

	 	(4)	Dr. Günter Bauer, born 12 May 1958, resident Am Altenhof 23, 24640 Schmalfeld, Germany (hereinafter referred to as “Dr. Bauer”), holds one share in
the nominal amount of EUR 260.00 (in words: Euro two hundred sixty) (hereinafter referred to as the “Bauer Share”); 

  

	 	(5)	 Dr. Rolf Günther, born 7 September 1963, resident Simon-von-Utrecht-Straße 65, 20359 Hamburg, Germany (hereinafter referred to 

  

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as “Dr. Günther”), holds one share in the nominal amount of EUR 260.00 (in words: Euro two hundred sixty) (hereinafter referred to
as the “Günther Share”) 

 The Seller 1 Share A, the Seller 2 Share, the Claussen Share, the Bauer
Share and the Günther Share are hereinafter collectively referred to as the “Shares”. 
  

	1.2.2	With regard to possible deficiencies in connection with capital measures resolved by the Company’s shareholders’ meeting on 19 December 2002 (notarial deed
No. 2978/2002 of the notary public Dr. Adam Freiherr von Kottwitz, Hamburg), the Parties agree that the share capital of the Company shall be reduced from EUR 33,000.00 by EUR 4,100.00 to 28,900.00 pursuant to sections 58a et
seq. GmbHG (vereinfachte Kapitalherabsetzung) prior to Closing. The share capital reduction by EUR 4,100.00 shall be executed by redemption (Einziehung) of Seller 1 Share B. Therefore, Seller 1 Share B shall not be sold and
transferred subject to the terms and conditions of this Agreement. 

  

	1.2.3	On 28 or 29 November 2006 Seller 1, Prof. Claussen, Dr. Bauer, and Dr. Günther entered into notarized share purchase and transfer agreements
(Geschäftsanteilskauf- und –übertragungsverträge) by which Prof. Claussen, Dr. Bauer, and Dr. Günther sold and, subject to certain conditions precedent (aufschiebende Bedingungen), transferred their
respective shares to Seller 1. Seller 1 wishes to sell and transfer such shares to the Purchaser subject to the terms and conditions of this Agreement. Certified copies of the respective share purchase and transfer agreements are attached
hereto as Exhibits 1.2.3 (a), (b), and (c). 

  

	1.3	Subsidiaries of the Company 

 The Company holds all
shares issued and outstanding in Evotec Technologies, Inc., a U.S. corporation duly organised and existing under the laws of the State of Delaware with registered offices at 2711 Centerville Road, Wilmington, Delaware, 19808, County of New Castle
(hereinafter referred to as the “Subsidiary”). The issued share capital of the Subsidiary amounts to US $ 1.00 (in words: US Dollar one). Except for the shares in the Subsidiary held by the Company there is no share capital and
there are no other equity interests in the Subsidiary outstanding. The Company and the Subsidiary are hereinafter collectively referred to as the “Companies”. The shares and interests in the Company and in the Subsidiary are
hereinafter also referred to collectively as the “Companies’ Shares”. 
  

	1.4	Shareholder Loans 

 Seller 1 has granted two
subordinated loans to the Company the principle amounts and the interest amounts accrued thereon as of 31 December 2006 of 

  

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which are set out in Exhibit 1.4 (hereinafter referred to as the “Shareholder Loans” and each as a “Shareholder
Loan”). Other than the aforementioned arrangements, there are no loans or borrowings between the Sellers and their Affiliates (other than the Companies) on the one part and one of the Companies on the other part. 
  

	1.5	Effective Date 

 For the purposes of this Agreement,
“Effective Date” shall mean 1 January 2007, 0:00 hours (German time) (hereinafter referred to as the “Effective Date”). 
 SECTION 2 
 SALE AND PURCHASE
OF SHARES AND SHAREHOLDER LOANS 
  

	2.1	Sale and Purchase of the Shares; Right to Profits 

  

	2.1.1	Seller 1 hereby sells, and the Purchaser hereby purchases, upon the terms and conditions of this Agreement, the Seller 1 Share A, the Claussen Share, the Bauer Share, and the
Günther Share. 

 Seller 2 hereby sells, and the Purchaser hereby purchases, upon the terms and conditions of this
Agreement, the Seller 2 Share. 
  

	2.1.2	The sale and purchase of the Shares hereunder shall be effected with commercial effect (mit wirtschaftlicher Wirkung) as of the Effective Date and shall include any and all
rights pertaining to the Shares, including, without limitation, the rights to receive dividends, if any, for the fiscal year running at the Closing Date and for the previous fiscal years of the Companies which have not been distributed to the
Sellers. 

  

	2.2	Sale of Shareholder Loans 

 Upon the terms and
conditions of this Agreement, Seller 1 hereby sells with commercial effect (mit wirtschaftlicher Wirkung) as of the Effective Date to the Shareholder Loans Purchaser, who accepts such sale, all its rights and claims under the Shareholder
Loans, together with any interest thereupon accrued and outstanding as of the later of the Closing Date and 31 December 2006. Subject to the effectiveness of the transfer in rem (mit dinglicher Wirkung) of such rights and claims
to the Shareholder Loans Purchaser, the Shareholder Loans Purchaser shall become party to the loan agreements pertaining to the Shareholder Loans instead of Seller 1 (Vertragsübernahme). 
  

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	2.3	Consents; Waivers 

  

	2.3.1	The shareholders’ meeting of the Company granted on 30 November 2006 its consent to the sale and transfer of the Shares under this Agreement as well as to the sale and
transfer of the Claussen Share, the Bauer Share, and the Günther Share pursuant to section 1.2.3 of this Agreement, in each case as required by section 7 (1) of the articles of association of the Company. A copy of the minutes of the
shareholders’ meeting is attached as Exhibit 2.3.1. 

  

	2.3.2	By written declaration dated 29 November 2006 a copy of which is attached as Exhibit 2.3.2, the Sellers as well as Prof. Claussen, Dr. Bauer and
Dr. Günther have consented to the sale and transfer of (i) the Claussen Share, the Bauer Share, and the Günther Share pursuant to section 1.2.3 of this Agreement, and (ii) the Shares contemplated by this Agreement, in each
case according to section 4 of the shareholders’ agreement dated 22 July 2003 (notarial deed No. 1413/2003 of the notary public Dr. Adam Freiherr v. Kottwitz, Hamburg; hereinafter referred to as the “Shareholders’
Agreement”). 

  

	2.3.3	By written declaration dated 29 November 2006 and addressed to all Parties, a copy of which is attached as Exhibit 2.3.3, the Company has approved the
transactions contemplated in this Agreement, in particular the entry of the Purchaser into all rights and obligations under or in connection with the Shareholder Loans as specified in section 2.2. The Parties hereby take notice of such approval.

  

	2.3.4	By written declaration dated 29 November 2006 a copy of which is attached as Exhibit 2.3.4, the Sellers and the Company have expressly waived any acquisition
rights, rights of first refusal, rights of co-sale or similar rights pursuant to section 10.1 of the Shareholders’ Agreement and any other agreements, if any. 

  

	2.4	Transfer of Shares and Shareholder Loans 

  

	2.4.1	Seller 1 hereby transfers title to the Seller 1 Share A, the Claussen Share, the Bauer Share, and the Günther Share to the Purchaser. The Purchaser hereby accepts such
transfer. 

 Seller 2 hereby transfers title to the Seller 2 Share to the Purchaser. The Purchaser hereby accepts such transfer.

  

	2.4.2	Seller 1 hereby transfers all its rights and claims under the Shareholder Loans together with any interest thereupon accrued and outstanding as of the later of the Closing Date and
31 December 2006 to the Shareholder Loans Purchaser. The Shareholder Loans Purchaser hereby accepts such transfer. 

  

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	2.4.3	The transfer of the Shares and the transfer of the Shareholder Loans is subject to the condition precedent within the meaning of section 158 (1) BGB that the Closing Memorandum
(as defined in section 4.4.1 (10) below) is signed by the Parties and shall in no event take effect ad rem (mit dinglicher Wirkung) prior to the Effective Date. 

 SECTION 3 
 PURCHASE PRICE AND CONDITIONS OF PAYMENT 
  

	3.1	Purchase Price 

 The purchase price to be paid by
the Purchaser for the Shares and by the Shareholder Loans Purchaser for the Shareholder Loans as sold and purchased hereunder shall be an amount equal to: 
  

	 	(i)	the Gross Enterprise Value (as defined in section 3.2.1), 

  

	 	(ii)	less the aggregate of the Financial Debt of the Company (as defined in section 3.2.2), 

  

	 	(iii)	plus the aggregate of the Cash of the Companies (as defined in section 3.2.3), 

  

	 	(iv)	less the amount of any Working Capital Shortfall or, as the case may be, plus the amount of any Working Capital Surplus (in each case as defined in section 3.2.4),

  

	 	(v)	plus the Shareholder Loans Remuneration (as defined in section 3.2.5). 

 Such amount shall be referred to as the “Purchase Price”. 
  

	3.2	Calculation of Purchase Price 

  

	3.2.1	The “Gross Enterprise Value” amounts to EUR 23,600,000.00 (in words: Euro twenty three million six hundred thousand). 

  

	3.2.2	“Financial Debt” shall mean 

  

	 	(1)	 bonds (Anleihen) within the meaning of section 266 (3) lit. C no. 1 HGB and liabilities from profit-related, convertible, warrant-linked and 

  

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other debt securities (Verbindlichkeiten aus Gewinn-, Wandel-, Options- und sonstigen Schuldverschreibungen) or profit participation certificates of
any kind (Genusscheine jeder Art); 

  

	 	(2)	liabilities to banks, financial or other similar institutions, including without limitation, debt owed to credit institutions, financial services institutions, financial enterprises
and their subsidiaries as defined in section 1 (1a), (1b) and (7) of the German Banking Act (Kreditwesengesetz) (Verbindlichkeiten gegenüber Kreditinstituten) within the meaning of section 266 (3) lit. C no. 2 HGB;

  

	 	(3)	liabilities relating to bills of exchange (Wechselverbindlichkeiten) of the kind referred to in section 266 (3) lit. C no. 5 HGB; 

  

	 	(4)	liabilities to affiliated companies (Verbindlichkeiten gegenüber verbundenen Unternehmen) – except for trade liabilities (Verbindlichkeiten aus Lieferung und
Leistung) – within the meaning of section 266 (3) lit. C no. 6 HGB (including all amounts due on the Shareholder Loans which, for the avoidance of doubt, are in the aggregate identical with the amount of the Shareholders Loans
Remuneration); 

  

	 	(5)	liabilities to entities with which a participation relationship exists (Verbindlichkeiten gegenüber Unternehmen, mit denen ein Beteiligungsverhältnis besteht)
– except for trade liabilities (Verbindlichkeiten aus Lieferung und Leistung) – within the meaning of section 266 (3) lit. C no. 7 HGB; 

 in each case as per 31 December 2006. 
  

	3.2.3	“Cash” shall mean 

  

	 	(1)	with respect to the Company: 

 cash at hand
(Kassenbestand), Federal Bank deposits (Bundesbankguthaben), deposits with banks (Guthaben bei Kreditinstituten) including fixed term deposits (Festgelder), and cheques within the meaning of section 266 (2) lit. B IV
HGB; 
 with respect to the Subsidiary: 
 any amount shown in the line item “Checking/Savings” as shown in the balance sheet of the Subsidiary drawn up according to US generally accepted accounting principles (US-GAAP); 
  

 - 17 - 

	 	(2)	other securities (sonstige Wertpapiere) within the meaning of section 266 (2) lit. B III no. 3 HGB; 

 in each case as per 31 December 2006. 
  

	3.2.4	“Working Capital Shortfall” to be deducted pursuant to section 3.1 (iv) shall mean the amount by which the Working Capital (as defined below) as at
31 December 2006 falls short of the amount of the Working Capital (as defined below) as at 30 September 2006. “Working Capital Surplus” to be added pursuant to section 3.1 (iv) shall mean the amount by which the
Working Capital (as defined below) as at 31 December 2006 exceeds the amount of the Working Capital (as defined below) as at 30 September 2006. “Working Capital” shall mean 

  

	 	(1)	the aggregate amount of the inventory (Vorräte) within the meaning of section 266 (2) lit. B I HGB, trade receivables (Forderungen aus Lieferung und
Leistung) within the meaning of section 266 (2) lit. B II no. 1 HGB, other current assets (sonstige Vermögensgegenstände) within the meaning of section 266 (2) lit. B II no. 4 HGB, and accrued income and prepaid
expenses (aktive Rechnungsabgrenzungsposten) within the meaning of section 266 (2) lit. C HGB, 

 less 

 

	 	(2)	the aggregate amount of the advance payments received on orders (erhaltene Anzahlungen auf Bestellungen) within the meaning of section 266 (3) lit. C no. 3 HGB, trade
payables (Verbindlichkeiten aus Lieferung und Leistung) within the meaning of section 266 (3) lit. C no. 4 HGB, provisions (Rückstellungen) within the meaning of section 266 (3) lit. B HGB, other liabilities (sonstige
Verbindlichkeiten) within the meaning of section 266 (3) lit. C no. 8 HGB, and accrued expenses and deferred income (passive Rechnungsabgrenzungsposten) within the meaning of section 266 (3) lit. D HGB, 

provided, however, that all assets and liabilities stemming from the Olympus Transaction shall not be taken into account and that an amount of
EUR 50,000.00 shall be added to the Working Capital Surplus or deducted from the Working Capital Shortfall, as the case may be, in order to reflect the participation of the Purchaser in the upfront payment due by the Company under the license
agreement entered into with TILL Photonics GmbH and TILL ID GmbH on 27 November 2006. For the avoidance of doubt, provisions (Rückstellungen) to be deducted pursuant to section 3.2.4 (2) above shall include any and all
provisions (Rückstellungen) for the envisaged termination of certain employment relationships pursuant to section 9 below in the Q4 Financial Statements but not in the Q3 Financial Statements. 
  

 - 18 - 

	3.2.5	“Shareholder Loans Remuneration” shall mean an amount equal to the sum of the nominal amounts of the Shareholder Loans and the accrued and unpaid interest
outstanding as of 31 December 2006. 

  

	3.2.6	The items referred to in this section 3.2 are to be assessed – with respect to the Working Capital as of 31 December 2006 – with the amounts shown in the Q4
Financial Statements and – with respect to the Working Capital as of 30 September 2006 – with the amounts shown in the financial statements (balance sheet, profit and loss statement, and trial balance (Summen- und
Saldenliste)) of the Company as of 30 September 2006 attached hereto as Exhibit 3.2.6 (the “Q3 Financial Statements”). For the avoidance of doubt, no amount to be deducted under section 3.1 (ii) and
(iv) shall be deducted more than once (no double counting). 

  

	3.3	Preliminary Purchase Price 

 The Parties have
provisionally estimated the amounts of Financial Debt, Cash, Working Capital Shortfall as well as the Shareholder Loans Remuneration to be the amounts set out in Exhibit 3.3 and, based thereon, the amount of the Purchase Price to
be EUR 24,961,572.23 (in words: Euro twenty four million nine hundred sixty one thousand five hundred seventy two and twenty three Eurocent). The purchase price estimated pursuant to sentence 1 of this section 3.3 shall hereinafter be referred
to as the “Preliminary Purchase Price”. 
  

	3.4	Purchase Price Adjustment 

  

	3.4.1	If on the basis of the Q4 Financial Statements the Purchase Price 

  

	 	(i)	exceeds the Preliminary Purchase Price, the Purchaser shall pay to Seller 1 and Seller 2 an amount equal to such excess to the following percentages: Seller 1 to 90% and Seller 2 to
10%, 

  

	 	(ii)	falls short of the Preliminary Purchase Price, the Sellers shall pay to the Purchaser’s Account an amount equal to such shortfall, 

 in each case within 10 (ten) Business Days after the Preliminary Q4 Financial Statements have become binding upon the Parties (such excess or shortfall
hereinafter referred to as the “Purchase Price Adjustment”). 
  

	3.4.2	If and to the extent the Purchase Price Adjustment on the basis of the Preliminary Q4 Financial Statements is undisputed, the Sellers or the Purchaser, as the case may be, shall pay
an advance payment on the Purchase Price Adjustment in the undisputed amount within 40 (forty) Business Days after receipt of the Preliminary Q4 Financial Statements. 

  

 - 19 - 

	3.5	Conditions of Payment 

  

	3.5.1	All payments owed by the Purchaser and the Shareholder Loans Purchaser to Seller 1 under this Agreement shall be made in Euros by irrevocable wire transfer free of costs and
charges in immediately available funds (mit gleichtägiger Gutschrift) to the bank account of Seller 1 as set out below or any other account to be nominated, at least 5 (five) Business Days prior to the Closing Date, by Seller 1
to the Purchaser in writing (hereinafter referred to as the “Seller 1’s Account”): 

  

			
	Account no.:	  	0923 90 1700
		
	Bank:	  	Dresdner Bank AG Hamburg
		
	Bank Code:	  	200 800 00
		
	Swift Code:	  	DRES DE FF 200
		
	IBAN:	  	DE74 20080000 0923901700

 Receipt of sums in Seller 1’s Account shall be an effective discharge of the obligation of
the Purchaser or the Shareholder Loans Purchaser, as the case may be, to pay such sums to Seller 1. 
  

	3.5.2	All payments owed by the Purchaser to Seller 2 under this Agreement shall be made in Euros by irrevocable wire transfer free of costs and charges in immediately available funds
(mit gleichtägiger Gutschrift) to the bank account of Seller 2 as set out below or any other account to be nominated, at least 5 (five) Business Days prior to the Closing Date, by Seller 2 to the Purchaser in writing
(hereinafter referred to as “Seller 2’s Account”): 

  

			
	Payee:	  	Pfizer Service Company Ireland, for further credit to Pfizer Inc.
		
	Bank:	  	Citibank N.A., London
		
	Swift Code:	  	CITIGB2L
		
	IBAN:	  	GB92CITI18500808889481
		
	Reference:	  	Pfizer Inc. Evotec Technologies Proceeds

  

	3.5.3	All payments owed by the Sellers to the Purchaser under this Agreement shall be made in Euros by irrevocable wire transfer free of costs and charges in immediately available funds
(mit gleichtägiger Gutschrift) to the bank account of the Purchaser as set out below or any other account to be nominated, at least 5 (five) Business Days prior to the Closing Date, by the Purchaser to the Sellers in writing (hereinafter
referred to as the “Purchaser’s Account”): 

  

 - 20 - 

			
	Account no.:	  	18179018
		
	Bank:	  	Bank of America, N.A.
		
	Bank Code:	  	500 109 00
		
	Swift Code:	  	BOFA DE FX
		
	IBAN:	  	DE43 5001 0900 0018 1790 18

  

	3.5.4	All payments owed by Seller 1 to the Shareholder Loans Purchaser under this Agreement shall be made in Euros by irrevocable wire transfer free of costs and charges in
immediately available funds (mit gleichtägiger Gutschrift) to the bank account of the Purchaser as set out below or any other account to be nominated, at least 5 (five) Business Days prior to the Closing Date, by the Shareholder Loans
Purchaser to Seller 1 in writing: 

  

			
	Payee:	  	PerkinElmer LAS (Germany) GmbH
		
	Account no.:	  	18179018
		
	Bank:	  	Bank of America, N.A.
		
	Bank Code:	  	500 109 00
		
	Swift Code:	  	BOFA DE FX
		
	IBAN:	  	DE43 5001 0900 0018 1790 18
		
	Reference:	  	For further credit to PerkinElmer Instruments International Ltd. & Co. KG

  

	3.6	Payment of Purchase Price and Interest Calculation 

  

	3.6.1	The Preliminary Purchase Price (excluding the Shareholder Loans Remuneration which is covered by section 3.6.2 below) is due and payable on the Closing Date as follows:

  

	 	(1)	EUR 5,348,922.75 (in words: Euro five million three hundred forty eight thousand nine hundred twenty two and seventy five Eurocent) to the Seller 1’s Account;

  

	 	(2)	EUR 594,324.75 (in words: Euro five hundred ninety four thousand three hundred twenty four and seventy five Eurocent) to the Seller 2’s Account; 

 

	 	(3)	EUR 2,000,000.00 (in words: Euro two million) to the Escrow Account I named in the Escrow Agreement I as defined in section 3.8.1 (such amount hereinafter referred to as
the “Escrow Amount I”); 

  

	 	(4)	EUR 200,000.00 (in words: Euro two hundred thousand) to the Escrow Account II named in the Escrow Agreement II as defined in section 3.8.2 (such amount hereinafter
referred to as the “Escrow Amount II”). 

  

 - 21 - 

 Receipt of such sums in the relevant bank accounts shall be an effective discharge of the obligation of
the Purchaser to pay such sums to the respective Sellers. 
  

	3.6.2	The Shareholder Loans Remuneration in the amount of EUR 16,818,324.73 (in words: Euro sixteen million eight hundred eighteen thousand three hundred twenty four and seventy
three Eurocent) is due and payable on the Closing Date to Seller 1’s Account. 

  

	3.6.3	The Purchase Price Adjustment, if any, shall accrue interest for the period from and including the later of the Closing Date and the Effective Date up to and excluding the date
payment is due at the rate of 100 basis points over the basic interest rate (Basiszinssatz). Interest shall be calculated on the basis of actual days elapsed and a calendar year with 360 days. 

  

	3.7	Purchase Price Allocation 

 The Purchase Price shall
be allocated to the Shares and the Shareholder Loans as set out in Exhibit 3.7. 
  

	3.8	Escrow Accounts; Escrow Agreements 

  

	3.8.1	The Parties shall establish an escrow account (hereinafter referred to as the “Escrow Account I”) in the total amount of EUR 2,000,000.00 (in words:
Euro two million) pursuant to the escrow agreement to be entered into prior to or on the Closing Date (section 4.4.1 (1) below) substantially in the form set out in Exhibit 3.8.1 (hereinafter referred to as the
“Escrow Agreement I”). The Escrow Account I shall secure all claims of the Purchaser and the Shareholder Loans Purchaser pursuant to this Agreement with the exception of claims under section 3.4.1 regarding the Purchase Price
Adjustment and section 9 of this Agreement. As between Seller 1 and Seller 2, the Escrow Account I shall be funded, and the remaining Escrow Amount I, if any, together with the interest accrued thereon shall be paid to Seller 1
and Seller 2 immediately upon dissolution of the Escrow Account I, to the following percentages: Seller 1 to 90% and Seller 2 to 10%. Section 7.2.3 shall remain unaffected. 

  

	3.8.2	 The Parties shall establish a further escrow account (hereinafter referred to as the “Escrow Account II”) in the total amount of
EUR 200,000.00 (in words: Euro two hundred thousand) pursuant to the escrow agreement to be entered into prior to or on the Closing Date (section 4.4.1 (1) below) substantially in the form set out in Exhibit 3.8.2
(hereinafter referred to as the “Escrow Agreement II”). The Escrow Account II shall exclusively secure all claims of 

  

 - 22 - 

 
the Purchaser pursuant to section 9 of this Agreement. As between Seller 1 and Seller 2, the Escrow Account II shall be funded, and the
remaining Escrow Amount II, if any, together with the interest accrued thereon shall be paid to Seller 1 and Seller 2 immediately upon dissolution of the Escrow Account II, to the following percentages: Seller 1 to 90% and
Seller 2 to 10%. 
 SECTION 4 
 CLOSING 
  

	4.1	Closing Date 

 The consummation of the transactions
contemplated by this Agreement shall take place at the offices of Freshfields Bruckhaus Deringer in 20354 Hamburg, Alsterarkaden 27, 5 (five) Business Days after the date on which the Closing Condition set forth in section 4.2.1 has been fulfilled,
or at any other time or place which the Parties may mutually agree upon (hereinafter referred to as the “Closing Date”). 
  

	4.2	Closing Condition 

  

	4.2.1	The obligations of the Sellers and the Purchaser to carry out the Closing shall be subject to the satisfaction of one of the following alternatives (heretofore and hereinafter
referred to as the “Closing Condition”) and such satisfaction having been notified to the Parties: 

  

	 	•	 	 the German Federal Cartel Office (Bundeskartellamt) has notified the Parties that the requirements for the prohibition of a merger as laid down in
section 36 (1) GWB are not fulfilled; or 

  

	 	•	 	 the one month waiting period after the filing of a complete notification pursuant to section 40 (1) GWB has expired without the Parties having been
notified by the German Federal Cartel Office that it intends to enter into in-depth investigations of the transactions contemplated by this Agreement; or 

  

	 	•	 	 the German Federal Cartel Office has issued a decision pursuant to section 40 (2) sentence 2 GWB to the effect that the transactions contemplated by this
Agreement have been cleared; or 

  

	 	•	 	 the waiting period of four months or an extended waiting period pursuant to section 40 (2) sentence 2 GWB has expired without the German Federal Cartel
Office having issued a prohibition order. 

  

 - 23 - 

	4.2.2	The Sellers and the Purchaser undertake to use their best efforts and to act in good faith to cause the Closing Condition to be satisfied as soon as possible. The Sellers and the
Purchaser shall inform each other in writing without undue delay (unverzüglich) as soon as the Closing Condition has been satisfied. 

  

	4.3	Consequences of Non-Satisfaction of the Closing Condition 

 If the Closing Condition has not been satisfied, at the latest, 5 (five) months after the Signing Date, the Sellers, acting jointly, as well as the Purchaser may rescind this Agreement by written notice to the other Parties
(Erklärung des Rücktritts vom Vertrag) with a copy to the acting notary. In case this Agreement is rescinded in accordance with this section 4.3, this Agreement shall cease to have force and effect and shall not create any
binding obligation between the Parties except that sections 13 (Confidentiality and Public Communication), 14 (Purchaser’s Guarantor), 15 (Costs and Taxes), 16 (Notices) and 18 (Miscellaneous) shall remain in force and effect. If this
Agreement is rescinded pursuant to sentence 1 of this subsection, the Purchaser shall reimburse the Sellers for all costs and expenses incurred in connection with the preparation and execution of this Agreement up to a maximum amount of
EUR 250,000.00 (in words: Euro two hundred fifty thousand), provided that the information presented by Seller 1 to the Purchaser with respect to the German Federal Cartel Office filing was correct in all material regards. 
  

	4.4	Actions on the Closing Date 

  

	4.4.1	At the Closing Date the Parties shall take the following actions or cause such actions to be taken (together referred to as the “Closing”) in the order set out
below: 

  

	 	(1)	The Parties shall duly execute the Escrow Agreement I and II (as defined in section 3.8) (unless such agreements have already been executed prior to the Closing Date);

  

	 	(2)	Seller 1 and the Company shall enter into a transition services agreement (including IP services) substantially in the form set out in
Exhibit 4.4.1 (2), such agreement being subject to the condition precedent (steht unter der aufschiebenden Bedingung) that the Purchaser and the Shareholder Loans Purchaser have paid the Preliminary Purchase Price
pursuant to sections 4.4.1 (4) and 4.4.1 (5); 

  

	 	(3)	 Seller 1 and the Company shall enter into a sublease agreement regarding the present Company location at D-22525 Hamburg, Schnackenburgallee 114 substantially
in the form of the draft agreement (including the Annexes thereto with the exception of Annex 1.1) set out in Exhibit 4.4.1 (3), such agreement being subject to the condition precedent 

  

 - 24 - 

	 	 
(steht unter der aufschiebenden Bedingung) that the Purchaser and the Shareholder Loans Purchaser have paid the Preliminary Purchase Price pursuant to
sections 4.4.1 (4) and 4.4.1 (5); 

  

	 	(4)	Purchaser shall pay the Preliminary Purchase Price (excluding the Shareholder Loans Remuneration) as set out in section 3.6.1 above; 

  

	 	(5)	Shareholder Loans Purchaser shall pay the Shareholder Loans Remuneration as set out in section 3.6.2 above; 

  

	 	(6)	As soon as the Preliminary Purchase Price has been received by Seller 1 and Seller 2, each Seller shall, without undue delay, issue written receipts to the Purchaser and
the Shareholder Loans Purchaser; 

  

	 	(7)	Sellers shall deliver to the Purchaser the original copies of waiver agreements between the Company and (i) Novartis AG, Basle, Switzerland, with respect to the
service & maintenance contract dated 10 October 2003 (as amended), and (ii) Merck & Co., Inc. Whitehouse Station, NJ, USA, with respect to the equipment master agreement dated 15 June 2004 (as amended), in each case
evidencing that each of Novartis AG, and Merck & Co., Inc. have waived any right to terminate or modify the aforementioned agreements as a consequence of the execution or consummation of this Agreement; 

  

	 	(8)	Sellers shall deliver to the Purchaser satisfactory evidence that they have complied with the statutory requirements under section 325 HGB with respect to the fiscal year 2004;

  

	 	(9)	Sellers shall deliver to the Purchaser satisfactory evidence that they have taken measures with regard to possible deficiencies in connection with capital measures resolved by the
shareholders’ meeting in 2002 substantially in line with the draft proposal attached hereto as Exhibit 4.4.1 (9) (the “Measures”) and that the Measures are already effective; 

  

	 	(10)	After all Closing Events have been performed or waived by mutual agreement of the Parties the Parties shall sign a closing memorandum substantially in the form of Exhibit
4.4.1 (10) (the “Closing Memorandum”). 

  

	4.4.2	 If the Closing Memorandum has not been signed within 6 (six) months after the Signing Date, Seller 1 as well as the Purchaser may rescind this Agreement by
written notice to the other Parties with a copy to the acting notary. However, a Party shall only be entitled to rescind this Agreement if it has complied, on the Closing Date, with its obligations under section 4.4.1. Instead of 

  

 - 25 - 

	 	 
rescinding this Agreement, such Party may also elect to proceed to Closing and the Parties shall then agree on a new date for the Closing as soon as possible
on which the other Parties must comply with those obligations which they have failed to comply with on the Closing Date. In case this Agreement is rescinded in accordance with this section 4.4.2, section 4.3 sentence 2 above shall apply mutatis
mutandis. 

 SECTION 5 
 Q4 FINANCIAL STATEMENTS 
  

	5.1	Preliminary Q4 Financial Statements and Preliminary Effective Date Accounts 

  

	5.1.1	The Sellers and – after the Closing – the Purchaser shall procure that the management of the Company, without undue delay (unverzüglich) after the Effective
Date, and, in any event, no later than 10 weeks following the Effective Date: 

  

	 	(1)	delivers financial statements (balance sheet, profit and loss statement, and trial balance (Summen- und Saldenliste)) of the Company for the period from 1 January 2006
until and including 31 December 2006 (herein referred to as the “Q4 Financial Statements” or “Preliminary Q4 Financial Statements” to the extent that they have not yet become binding pursuant to sections 5.4.1,
5.4.2 or 5.5.2 below); 

  

	 	(2)	delivers an itemization of (i) Financial Debt, (ii) Cash, (iii) Working Capital, (iv) Working Capital Shortfall or, as the case may be, Working Capital Surplus
and (v) the Shareholder Loans Remuneration, in each case with the amount shown in the Preliminary Q4 Financial Statements (hereinafter referred to as the “Preliminary Effective Date Itemization”); 

  

	 	(3)	delivers a calculation of the Purchase Price (hereinafter referred to as “Preliminary Purchase Price Calculation”) on the basis of the amounts shown in the
Preliminary Q4 Financial Statements and the Preliminary Effective Date Itemization. 

 The Preliminary Effective Date
Itemization and the Preliminary Purchase Price Calculation are together referred to as the “Preliminary Effective Date Accounts” and, to the extent that they have become binding pursuant to sections 5.4.1, 5.4.2 or 5.5.2, the
“Effective Date Accounts”. 
  

 - 26 - 

	5.1.2	The Sellers and – after the Closing – the Purchaser shall procure that the management of the Company submits the Preliminary Q4 Financial Statements and the
Preliminary Effective Date Accounts to the Sellers and the Purchaser. 

  

	5.2	Accounting Principles 

 The Q4 Financial Statements
shall be prepared in applying the generally accepted accounting principles under German law (“German GAAP”) and according to the same methods as the Q3 Financial Statements. In each case the formal and material balance sheet
continuity (Wahrung formeller und materieller Bilanzkontinuität) shall be ensured, the methods of valuation be maintained and all options to capitalize or to include items on the liabilities side (Aktivierungs- und
Passivierungswahlrechte) shall be exercised consistently with past practice. 
  

	5.3	Review of the Preliminary Q4 Financial Statements and the Preliminary Effective Date Accounts 

 Each of the Parties may review the Preliminary Q4 Financial Statements and the Preliminary Effective Date Accounts, and have them reviewed by an auditor
of its choice, within a period of 30 (thirty) Business Days of receipt by the Sellers and the Purchaser of the Preliminary Q4 Financial Statements and the Preliminary Effective Date Accounts. Such review shall be restricted to whether the
requirements set forth in sections 3.1, 3.2, 5.1 and 5.2 are complied with. Any costs incurred in connection with such review shall be borne by the reviewing Party. 
  

	5.4	Objections against the Preliminary Q4 Financial Statements and the Preliminary Effective Date Accounts 

  

	5.4.1	Each Party may, within the period of 30 (thirty) Business Days set out in section 5.3 above, notify the other Parties of any objections against the Preliminary Q4 Financial
Statements and/or the Preliminary Effective Date Accounts, such notice to be submitted in writing and to specify the material reasons for such objection. If the Parties do not notify any such objections within the period of 30 (thirty) Business Days
set out in section 5.3 above, the Preliminary Q4 Financial Statements and the Preliminary Effective Date Accounts shall be final and binding upon the Parties for the purpose of the calculation of the Purchase Price. 

  

	5.4.2	 If one of the Parties has notified the other Parties of an objection against the Preliminary Q4 Financial Statements and/or the Preliminary Effective Date Accounts,
specifying the material reasons for such objection, within the period of 30 (thirty) Business Days set out in section 5.3 above, the Parties shall attempt to reach an agreement on the treatment of those objections within a period of 30 (thirty)
Business Days from the date of receipt of such notification. 

  

 - 27 - 

	 	 
To the extent that such agreement can be reached, the items thus agreed upon shall be deemed incorporated in the Preliminary Q4 Financial Statements and/or
the Preliminary Effective Date Accounts which in their amended form shall be final and binding upon the Parties for the purpose of the calculation of the Purchase Price. 

  

	5.5	Expert Proceedings 

  

	5.5.1	If and to the extent the Parties fail to reach agreement on the objections within the period of 30 (thirty) Business Days pursuant to section 5.4.2, the Parties shall, within 5
(five) Business Days, jointly appoint an expert (Schiedsgutachter) (hereinafter referred to as “Expert”). 

  

	5.5.2	The Expert shall be instructed, in respect of the issues in dispute between the Parties, to review whether the Preliminary Q4 Financial Statements and/or the Preliminary Effective
Date Accounts have been prepared in compliance with the provisions of sections 3.1, 3.2, 5.1 and 5.2 above and shall be instructed to prepare at his equitable discretion (nach billigem Ermessen) a written expert opinion regarding the
contentious matters that shall be final and binding upon the Parties within 30 (thirty) Business Days of the date of his appointment. The results of such expert opinion shall be deemed incorporated in the Preliminary Q4 Financial Statements and/or
the Preliminary Effective Date Accounts. The Preliminary Q4 Financial Statements and the Preliminary Effective Date Accounts as amended shall become final and binding upon the Parties for the purpose of the calculation of the Purchase Price.

  

	5.5.3	If the Parties fail to reach an agreement on the appointment of the Expert within the period of 5 (five) Business Days pursuant to section 5.5.1 above, the Expert shall, upon the
application of either Party, be appointed by the chairman of the managing board of the Institute of Auditors (Sprecher des Vorstands des Instituts der Wirtschaftsprüfer e.V.), Düsseldorf. 

  

	5.5.4	Any costs and expenses incurred by the Expert and in connection with the expert proceedings shall be borne by the Sellers on the one hand and the Purchaser on the other hand as
determined by the Expert in accordance with the principles set forth in sections 91 et seq. ZPO. This shall also apply with respect to the reasonable costs of advisers incurred by the Sellers or the Purchaser. 

  

	5.6	Access to Information 

 The Parties shall procure
that auditors instructed by the Parties pursuant to section 5.3 and the Expert gain access to the management, employees, accounts and other documents and records of the Company to the extent this is reasonably necessary for the purposes of this
section 5. The Parties shall release 

  

 - 28 - 

 
the auditors instructed by them pursuant to section 5.3 from their professional confidentiality obligations vis-à-vis the Expert and shall procure
that such auditors provide all information to the Expert which the Expert requests from the auditors for the purpose of delivering his written expert opinion. The Parties shall further procure that the auditors instructed by them pursuant to section
5.3 and the Expert have reasonable access to previous financial statements of the Company. 
  

	5.7	Financial Statements 2006 

  

	5.7.1	The Sellers and – after the Closing – the Purchaser shall procure that the management of the Company, without undue delay (unverzüglich) after the Effective
Date, and, in any event, no later than ten weeks following the Effective Date, delivers financial statements (balance sheet, profit and loss statement and notes) and reports on the situation of the Company for the period from 1 January 2006
until and including 31 December 2006 (herein referred to as the “Financial Statements 2006”). For the avoidance of doubt, items included in the Financial Statements 2006 may differ from the respective items in the Q4 Financial
Statements. 

  

	5.7.2	The Sellers and – after the Closing – the Purchaser shall procure that the management of the Company prepares the Financial Statements 2006 of the Company in accordance
with the requests of Seller 1, thereby applying (i) the German GAAP and (ii) Seller 1’s principles of intra-group accounting (Standards der Konzernabschlusserstellung) to the extent applicable under German GAAP and as
consistently applied in the past, a copy of which is attached hereto as Exhibit 5.7.2. Section 5.2 shall apply mutatis mutandis. The Parties agree that Seller 1 shall gain access (Anwesenheits- und
Einsichtsrecht) to the management, employees, accounts and other documents and records of the Company and its Subsidiary to the extent it is reasonably necessary for the purposes of this section 5.7. 

  

	5.7.3	The Sellers and – after the Closing – the Purchaser shall procure that the management of the Company submits the Financial Statements 2006 to the Sellers, the Purchaser
and KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Hamburg (hereinafter referred to as the “Auditor”). The Auditor shall be instructed to deliver its auditor’s opinion
(Bestätigungsvermerk) and it’s auditor’s report (Prüfungsbericht) as soon as possible after receipt of the Financial Statements 2006. The Sellers and – after the Closing – the Purchaser shall procure that
the Auditor be released from its professional confidentiality obligations as reasonably necessary for the purposes of this section 5.7. 

  

 - 29 - 

 SECTION 6 
 SELLERS’ GUARANTEES 
  

	6.1	Form of Sellers’ Guarantees 

  

	6.1.1	Seller 1 hereby guarantees to the Purchaser by way of an independent promise of guarantee pursuant to section 311 (1) BGB (selbständiges Garantieversprechen im
Sinne des § 311 Abs. 1 BGB) within the scope and subject to the requirements and limitations provided in section 6 hereof or otherwise in this Agreement that the statements set forth in section 6.2.1 (4) and 6.2.1 (5) below
are true and correct with respect to the Seller 1 Share A, the Seller 1 Share B, the Claussen Share, the Bauer Share, and the Günther Share. 

 Seller 2 hereby guarantees to the Purchaser by way of an independent promise of guarantee pursuant to section 311 (1) BGB (selbständiges Garantieversprechen im Sinne des § 311 Abs. 1
BGB) within the scope and subject to the requirements and limitations provided in section 6 hereof or otherwise in this Agreement that the statements set forth in section 6.2.1 (4) and 6.2.1 (5) below are true and correct as of the
Signing Date and of the Effective Date with respect to the Seller 2 Share sold by Seller 2 pursuant to section 2.1.1. 
  

	6.1.2	Seller 1 hereby guarantees to the Shareholder Loans Purchaser by way of an independent promise of guarantee pursuant to section 311 (1) BGB (selbständiges
Garantieversprechen im Sinne des § 311 Abs. 1 BGB) within the scope and subject to the requirements and limitations provided in section 6 hereof or otherwise in this Agreement that the statements set forth in section 6.2.3 are true and
correct as of the Signing Date and on the Effective Date. 

  

	6.1.3	Furthermore, Seller 1 hereby guarantees to the Purchaser by way of an independent promise of guarantee pursuant to section 311 (1) BGB (selbständiges
Garantieversprechen im Sinne des § 311 Abs. 1 BGB) within the scope and subject to the requirements and limitations provided in section 6 hereof or otherwise in this Agreement that the statements set forth in sections 6.2.1 (1)
through (3) and (6), section 6.2.2 and sections 6.2.4 through 6.2.13 are true and correct as of the Signing Date and, unless explicitly provided otherwise in this section, on the Effective Date, save that the Measures are still required with
respect to statements set forth in sections 6.2.5 and 6.2.6. 

  

	6.1.4	The Sellers and the Purchaser agree and explicitly confirm that the guarantees in this section 6 are not granted, and shall not be qualified and construed as, quality guarantees
concerning the object of the purchase (Garantien für die Beschaffenheit der Sache) within the meaning of sections 443, 444 BGB, respectively, and that section 444 BGB shall not and does not apply to the guarantees contained in this
section 6. 

  

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	6.2	Sellers’ Guarantees 

  

	6.2.1	Corporate Status and Authority of the Sellers 

  

	 	(1)	The statements in section 1 hereof regarding the Companies are true and correct. The Companies have been duly incorporated and are validly existing under the laws of their
respective jurisdiction. Exhibit 6.2.1 (1) contains a true and correct copy of the articles of association or equivalent constitutional documents of each of the Companies (together the “Constitutional
Documents”). All Constitutional Documents are in full force and effect as of the date hereof. No resolution for the amendment of the Constitutional Documents has been adopted, and no filings with the commercial register or equivalent
official corporate registers are pending, save from the application to the commercial register of the Company with respect to the Measures. 

  

	 	(2)	The statements in section 1.3 are correct. All Subsidiaries are identified in section 1.3. None of the Companies holds any interest in any company or other entity other
than set forth in section 1.3. 

  

	 	(3)	No bankruptcy, insolvency or judicial composition proceedings concerning any of the Companies have been applied for. To the Sellers’ Best Knowledge, as of the Signing Date, no
circumstances exist which would require an application for any bankruptcy, insolvency or judicial composition proceedings nor do any circumstances exist according to any applicable bankruptcy or insolvency laws which would justify the avoidance of
this Agreement. However, the Purchaser is aware that the Financial Statements (as defined below) show a deficit not covered by equity (nicht durch Eigenkapital gedeckter Fehlbetrag) of the Company in accordance with German GAAP.

  

	 	(4)	The Seller 2 Share has been validly issued and is free from any encumbrances (dingliche Belastungen), pending transfers or other rights of Third Parties. The Seller 2 Share
is fully paid in, either in cash or in kind, and has not been repaid. With respect to the Seller 2 Share, there are no obligations to make further contributions in the meaning of section 26 (1) GmbHG (keine Nachschusspflichten im Sinne von
§ 26 Abs. 1 GmbHG). There are no pre-emptive rights, rights of first refusal or other rights of Third Parties to acquire the Seller 2 Share. 

 As of the Signing Date, the Seller 1 Share A, the Seller 1 Share B, the Claussen Share, the Bauer Share and the Günther Share have been validly 

  

 - 31 - 

 
issued and are free from any encumbrances (dingliche Belastungen), pending transfers or other rights of Third Parties (with the exception of Prof.
Claussen regarding the Claussen Share, Dr. Bauer regarding the Bauer Share and Dr. Günther regarding the Günther Share). As of the later of the Closing Date and the Effective Date the Seller 1 Share A, the Claussen Share, the
Bauer Share and the Günther Share have been validly issued and are free from any encumbrances (dingliche Belastungen), pending transfers or other rights of Third Parties. 
 As of the Signing Date and the later of the Closing Date and the Effective Date, the Seller 1 Share A, the Claussen Share, the Bauer Share and the
Günther Share are fully paid in, either in cash or in kind, and have not been repaid. 
 As of the Signing Date, with respect to the
Seller 1 Share A, the Seller 1 Share B, the Claussen Share, the Bauer Share and the Günther Share, there are no obligations to make further contributions in the meaning of section 26 (1) GmbHG (keine Nachschusspflichten im Sinne
von § 26 Abs. 1 GmbHG). As of the later of the Closing Date and the Effective Date, with respect to the Seller 1 Share A, the Claussen Share, the Bauer Share and the Günther Share, there are no obligations to make further
contributions in the meaning of section 26 (1) GmbHG (keine Nachschusspflichten im Sinne von § 26 Abs. 1 GmbHG). 
 As
of the Signing Date, there are no pre-emptive rights, rights of first refusal or other rights of Third Parties to acquire the Seller 1 Share A, the Seller 1 Share B, the Claussen Share, the Bauer Share and the Günther Share (save from any
rights under the Shareholders’ Agreement regarding the Seller 1 Share B). As of the later of the Closing Date and the Effective Date, there are no pre-emptive rights, rights of first refusal or other rights of Third Parties to acquire the
Seller 1 Share A, the Claussen Share, the Bauer Share and the Günther Share. 
  

	 	(5)	On the Signing Date, the Companies’ Shares are directly owned as set out in sections 1.2 and 1.3. 

 On the later of the Effective Date and the Closing Date, Seller 1 will directly own the Seller 1 Share A, the Claussen Share, the Bauer Share, and the
Günther Share. 
 On the Signing Date, Seller 1 is entitled to freely dispose of the Seller 1 Share A and the Seller 1 Share B, in
each case without requiring the consent of any Third Party (save from the consents required pursuant to the Shareholders’ Agreement and the Constitutional Documents for the Seller 1 Share B) and without such a disposal infringing any rights of
a Third Party. 
  

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 On the later of the Effective Date and the Closing Date, Seller 1 is entitled to freely dispose of the
Seller 1 Share A, the Claussen Share, the Bauer Share, and the Günther Share without requiring the consent of any Third Party and without such a disposal infringing any rights of a Third Party. 
 Seller 2 directly owns the Seller 2 Share. Seller 2 is entitled to freely dispose of the Seller 2 Share transferred by it under this Agreement without
requiring the consent of any Third Party and without such a disposal infringing any rights of a Third Party. 
  

	 	(6)	None of the Companies is a party to an enterprise agreement (Unternehmensvertrag) within the scope of section 291 et seq. AktG. 

  

	6.2.2	Financial Statements 

  

	 	(1)	The Sellers have delivered to the Purchaser the audited financial statements (balance sheet, notes, profit and loss statement) as of 31 December 2005 of the Company (the
“Financial Statements 2005”). The Financial Statements 2005 have been prepared in accordance with German GAAP and, to the Sellers’ Best Knowledge as of 31 December 2005, fairly present, in accordance with such principles,
in all respects a true and fair view, of the assets and liabilities (Vermögenslage), financial condition (Finanzlage) and results of operation (Ertragslage) of the Company for the period referenced therein. The Q3 Financial
Statements have been prepared in accordance with German GAAP and consistent with past practice regarding quarterly financial statements except otherwise disclosed in Exhibit 6.2.2 (1). 

  

	 	(2)	The books and records of the Company are up-to-date and have been maintained in accordance with all applicable legal requirements and contain complete and accurate records of all
matters to be dealt with in such books under applicable law. 

  

	 	(3)	Save from a loan payable to the Company in the amount of US $ 9,999.00 the Subsidiary has no outstanding liabilities and there are no provisions
(Rückstellungen) on the Subsidiary’s balance sheet as of 31 December 2006. 

  

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	6.2.3	Shareholder Loans 

  

	 	(1)	The statements in Exhibit 1.4 are correct. The Shareholder Loans have been fully made available, have not been repaid and are free from any encumbrances (dingliche
Belastungen), pending transfers or other rights of Third Parties. 

  

	 	(2)	Seller 1 is the owner (Inhaber) of all rights and claims transferred to the Shareholder Loans Purchaser pursuant to section 2.4.2 and is entitled to freely dispose of
such rights and claims without requiring the consent of any Third Party and without such a disposal infringing any rights of a Third Party. 

  

	6.2.4	Real Property 

  

	 	(1)	Exhibit 6.2.4 (1) contains a list of real property leased or rented by the Companies as of the Signing Date, whether as lessee or as lessor, with the
respective lessee’s payment obligations under the lease agreements exceeding a value of EUR 10,000.00 p.a. (hereinafter referred to as the “Real Property Agreements”). As of the Signing Date, all Real Property Agreements
are valid and no notice has been given to terminate them except as set forth in Exhibit 6.2.4 (1). 

  

	 	(2)	As of the Signing Date, any other real property used by the Companies but not listed in Exhibit 6.2.4 (1) is not material for the business of the Companies.

  

	 	(3)	Seller 1 is entitled to sublease, with effect as of the Effective Date, the real property at D-22525 Hamburg, Schnackenburgallee 114, to the Purchaser. 

  

	6.2.5	Other Assets 

  

	 	(1)	The Companies have good title to the assets used and not leased or rented by them (the “Assets”). The Assets are not encumbered in favor of any third party, except
for customary retention of title rights, liens, pledges or other security rights in favor of suppliers, mechanics, workmen, carriers, and the like granted in the ordinary course of business and except for statutory encumbrances.

  

	 	(2)	The assets used by the Companies are sufficient to, and are in the condition (Zustand) required to, continue the Companies’ business substantially in the same manner as
conducted at the Signing Date. 

  

	 	(3)	All inventories (Vorräte) owned by the Companies have been acquired or manufactured in the ordinary course of business, substantially consistent with past practice
unless otherwise disclosed under section 6.2.8. 

  

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	 	(4)	All trade receivables of the Companies which are reflected in the Companies’ books arise from sales or services made in the ordinary course of business, substantially
consistent with past practice. To the Sellers’ Best Knowledge, as of the Signing Date there are no facts or circumstances which are likely to make impossible or materially delay the collection of any such trade accounts receivable to an extent
materially beyond normal historical bad debt losses of the Companies. 

  

	6.2.6	Intellectual Property Rights 

 In this section
6.2.6: 
 “Intellectual Property Rights” shall mean all intellectual and industrial property rights, whether registered or
unregistered, including without limitation patents, utility models, trademarks, trade names, service marks, copyrights, design rights, and any application thereof owned by or licensed to the Companies, including without limitation items set forth in
Exhibit 6.2.6 (a) (patents, utility models, design patents), Exhibit 6.2.6 (b) (trademarks) and Exhibit 6.2.6 (c) (copyrights). The Intellectual Property Rights owned by the Companies shall be
referred to as “Owned IP Rights” and the Intellectual Property Rights licensed to the Companies shall be referred to as “Licensed IP Rights”. For the avoidance of doubt, ownership with respect to copyrights shall
mean ownership of all exploitation and use rights (Nutzungs- und Verwertungsrechte) arising from such copyright. 
 “Know-How” shall mean all of the Companies’ embodied confidential business information (whether in written or electronic or magnetic form), including trade secrets, unpatented inventions and other tangible or
intangible information such as all documentation on research & development (encompassing without limitation documentation on research materials, test data, product data and safety data) in relation to the business of the Companies.

  

	 	(1)	The Owned IP Rights are solely and exclusively owned by the Company, unless indicated otherwise in Exhibit 6.2.6 (1). The Subsidiary does not own any Owned IP Rights.

  

	 	(2)	All Owned IP Rights are free of any third party rights existing under the relevant jurisdictions including without limitation charges, options, liens, equities, encumbrances, third
party use rights (including rights of the Sellers or Affiliates of the Sellers) limitations or restrictions on use by the Company, unless indicated otherwise in Exhibit 6.2.6 (2). 

  

 - 35 - 

	 	(3)	With respect to the Licensed IP Rights the Companies have the right to use the Licensed IP Rights as currently used by the Companies in accordance with the relevant license
agreements. The corresponding license agreements, except for the license agreements relating to the copyrights, have been disclosed to the Purchaser within the framework of the Purchaser’s due diligence prior to the Signing Date.

 In addition to this, the Companies have all rights and licenses necessary to use all hardware, firmware and software
programs world-wide and without time-limitations for all applications for which such hardware, firmware and software programs are currently used by the Companies, including all internal and external uses of such hardware, firmware and software
programs world-wide and including the right to sell its current products with all currently implemented software applications world-wide and without time limitations, unless indicated otherwise in Exhibit 6.2.6 (3). The Companies have
paid all royalties for the past, present and future use of the hardware, firmware and software programs, unless indicated otherwise in Exhibit 6.2.6 (3). None of the license agreements regarding the hardware, firmware and software programs
currently used by the Company provides that the license agreement may be terminated for whatever reason because of the execution of and performance under this Agreement. 
  

	 	(4)	The Companies have not entered into any third party arrangement that restricts the use or disclosure of Owned IP Rights by the Companies, unless indicated otherwise in Exhibit
6.2.6 (4). 

  

	 	(5)	During the three years immediately preceding the Closing Date, there has been, to the knowledge of Seller 1, no infringement or threatened infringement of the Owned IP Rights by
third parties. Nor is Seller 1 aware of any claim or threat by a third party in respect of infringement of intellectual property rights of such third party (i) by the Companies or (ii) by Seller 1, Prof. Claussen or Dr. Bauer of
which Seller 1 knows that the same infringement claim or threat would also apply to the business of the Companies, in both cases (i) and (ii) unless indicated otherwise in Exhibit 6.2.6 (5). 

  

	 	(6)	No proceeding, including but not limited to oppositions or actions, has been served upon the Companies or to the Sellers’ Best Knowledge threatened in respect of the
cancellation, revocation or challenge of validity of, enforceability of or title to Owned IP Rights or Licensed IP Rights owned by Seller 1, and Seller 1 is not aware of any prior art which may lead to a lack of novelty of a patent claim in a
granted patent included in the Owned IP Rights or the Licensed IP Rights owned by Seller 1, both unless indicated otherwise in Exhibit 6.2.6 (6). 

  

 - 36 - 

	 	(7)	All acts and payments (including, without limitation, annuity fees and renewal fees) have been undertaken to prosecute Owned IP Rights applications and to maintain registrations of
Owned IP Rights and Licensed IP Rights owned by Seller 1. 

  

	 	(8)	Service inventions (Diensterfindungen) which are part of Owned IP Rights and achieved by German employees while being employed by the Companies have been claimed in
compliance with section 6 of the German Employee Invention Act (Arbeitnehmererfindungsgesetz). Where such service inventions are kept as unpatented Know-How, the Companies acknowledged the patentability of such service inventions according to
section 17 of the German Employee Inventions Act. The service inventions for which the patentability has been acknowledged in accordance with section 17 of the German Employee Inventions Act are disclosed in
Exhibit 6.2.6 (8). This guarantee is also given in relation to other jurisdictions with similar employee rights. 

  

	 	(9)	As of the Signing Date, no employee of, or freelancer who has worked for, the Companies is entitled to or has claimed any payment of compensation from the Companies in respect of
Owned IP Rights and/or their use in the business of the Companies (including without limitation compensation according to the German Employee Inventions Act) which has not been paid or for which the current provisions (Rückstellungen)
made by the Companies in the amount of EUR 130,000.00 (in words: Euro one hundred thirty thousand) are not sufficient. Any compensation payment which the Purchaser, its Affiliates or the Companies wish to make to such employees or freelancers
of the Companies after the Closing Date with respect to the use of such Owned IP Rights in the business of the Companies prior to the Signing Date shall require the prior written consent of Seller 1. If Seller 1 does not agree to any such payment,
it shall reimburse to the Purchasers, its Affiliates and/or the Companies, as the case may be, fifty percent (50%) of the court and attorneys’ fees which are reasonably assumed by the Purchaser, its Affiliates and/or the Companies (as
applicable) in their defense against such compensation claim. 

  

	 	(10)	 All Know-How is adequately embodied in written, electronic or magnetic form in accordance with its relevance for the business of the Companies, and all such
embodiments are in the possession of the Companies. All employees of the Companies have assumed written obligations to keep confidential information of the Companies in confidence, 

  

 - 37 - 

 
and the Companies and Seller 1 are not aware of any material violation of such confidentiality obligations by any employee. The Companies have further
included adequate confidentiality clauses in their research and development collaboration agreements with third parties to protect the Know-how of the Companies, and the Companies and Seller 1 are not aware of any material violation of such
confidentiality obligation by any of such collaboration partners. 
  

	 	(11)	All documents and information relating to the content and title of Owned IP Rights are in the possession of the Companies. 

  

	6.2.7	Compliance with Laws and Permits 

  

	 	(1)	The Companies hold all permits and licenses which are required, if any, under applicable public laws (nach öffentlichem Recht) in order to conduct their business
substantially in the same manner as conducted at the Signing Date (the “Permits”). 

  

	 	(2)	To the Sellers’ Best Knowledge, there exists no threat of any revocation or restriction or subsequent orders (nachträgliche Anordnungen) relating to any of the
Permits as of the Signing Date. 

  

	 	(3)	The Companies conduct their respective business in compliance with all provisions of such permits and licenses the non-compliance with which would have a material adverse effect
with respect to the business of the Companies taken as a whole. 

  

	 	(4)	The Companies have, at all times, applied for, received and used all public grants (öffentliche Fördermittel) in accordance with applicable legal provisions of such
public grants except as otherwise set out in Exhibit 6.2.7 (4). 

  

	 	(5)	To the Sellers’ Best Knowledge, there exists no Environmental Condition as of the Signing Date. “Environmental Condition” shall mean the presence of
pollutants, contaminants, toxic wastes or other materials or substances which have a material negative impact on human health in the soil or ground water of any real property or any buildings or business premises used by the Companies.

  

	6.2.8	Material Agreements 

 Exhibit 6.2.8 contains a complete and correct list of material agreements as described below to which any of the Companies, as of the Signing Date, is a party and of which the primary contractual obligations have not yet
been completely fulfilled (hereinafter referred to as the “Material Agreements”): 
  

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	 	(1)	agreements relating to the acquisition or sale of interests in other companies or businesses providing, in each case, for a consideration in excess of EUR 50,000.00 (in words:
Euro fifty thousand); 

  

	 	(2)	joint venture, partnership or similar agreements; 

  

	 	(3)	loan agreements, bonds, notes or any other instruments of debt involving any Third Party other than the Companies and, individually, an amount of EUR 25,000.00 (in words: Euro
twenty five thousand) or more; 

  

	 	(4)	guarantees, indemnities, and suretyships (Bürgschaften) issued for any debt of any Third Party other than the Companies for an amount of EUR 25,000.00 (in words:
Euro twenty five thousand) or more; and 

  

	 	(5)	agreements of long term nature (Dauerschuldverhältnisse) other than described in sections 6.2.4 (1) and 6.2.8 (1) through (4) above which cannot be
terminated with effect as of or prior to 31 March 2007 and which provide for annual obligations of any of the Companies in excess of EUR 50,000.00 (in words: Euro fifty thousand). 

 As of the Signing Date, none of the Companies has received a written notice of termination, and, to the Sellers’ Best Knowledge, each of the Material
Agreements and each Real Property Agreement is, as of the Signing Date, in full force and effect. As of the Signing Date, no party to a Material Agreement or a Real Property Agreement has asserted in writing that a Material Agreement or a Real
Property Agreement is partially or entirely invalid. The Companies have no obligation or liability to pay any fees or commissions to any broker, finder or agent in relation to the consummation of the transaction. 
  

	6.2.9	Employees 

  

	 	(1)	Exhibit 6.2.9 (1) contains a list of collective bargaining agreements (Tarifverträge) and shop agreements (Betriebsvereinbarungen) and all
other material agreements with unions, workers’ councils and similar organizations and/or representative bodies by which any of the Companies are bound as of the Signing Date. 

  

	 	(2)	Exhibit 6.2.9 (2) contains a correct and complete list of managing directors and employees of the Companies who are entitled, as of the Signing Date, to
receive an annual gross base salary (excluding fringe benefits, such as incentives, stock options or appreciation rights, company car and other benefits) in excess of EUR 75,000.00 (in words: Euro seventy five thousand) (such employees
collectively hereinafter referred to as the “Key Employees” and each of them as a “Key Employee”). As of the Signing Date, none of the Key Employees has given notice of termination of his or her employment or
service agreement. 

  

 - 39 - 

	 	(3)	During the last five years until and including the Signing Date, the Company has not experienced (i) any strike, slowdown or work stoppage by or lockout of its employees or
(ii) any lawsuit relating to the alleged violation of any law or order relating to discrimination, civil rights, workers’ safety or working conditions. 

  

	 	(4)	Except as disclosed in Exhibit 6.2.9 (4), there exist no and have never existed any incentive plans, long term incentive plans, stock option agreements, stock
appreciation and similar rights or plans and employer financed pension or life insurance schemes other than any statutory social security schemes which are applicable to the Companies. 

  

	 	(5)	There exist no and have never existed any agreements, arrangements (other than any statutory social security schemes), or shop practices (betriebliche Übung) under which
the Companies are liable to provide any pension, lump sum or gratuity payable on death or retirement in respect of any past or present managing director, board member or employee of the Companies save from Prof. Claussen. 

 

	6.2.10	Litigation and Product Liability 

  

	 	(1)	Except those disclosed in Exhibit 6.2.10 (1), the Companies are not involved in any lawsuit, arbitration, administrative or similar proceedings before any state
court, arbitration panel or an administrative authority involving a value in dispute (Streitwert) exceeding EUR 20,000.00 (in words: Euro twenty thousand) in each individual case on the Signing Date pending (rechtshängig) or,
to the Sellers’ Best Knowledge, threatened to be filed against any of the Companies as of the Signing Date. 

  

	 	(2)	All products manufactured, marketed or distributed by the Companies are manufactured and distributed in accordance with (i) all applicable product liability and related laws
and (ii) the applicable technical regulations the non-compliance with which would have a material adverse effect with respect to the business of the Companies taken as a whole. To the Sellers’ Best Knowledge, as of the Signing Date there
are no facts giving rise to foresee a contractual or non-contractual product liability of the Company or any obligation to recall products. As of the Signing Date, there are no product liability claims currently pending, and to the Sellers’
Best Knowledge, there is no threat thereof against the Companies. 

  

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	6.2.11	Tax 

  

	 	(1)	For the purposes of this Agreement, “Tax”/ “Taxes” shall mean any taxes within the meaning of section 3 (1) through (3) AO and any
corresponding foreign taxes and incidental tax payments, charges, duties and levies of any kind including social security contributions and other public law levies (öffentlich-rechtliche Abgaben) and public impositions of any kind
imposed by any governmental authority or other public body (hereinafter referred to as the “Tax Authority”) or owed due to any legal provision. For the purposes of this Agreement, Taxes shall further include any payments made as
party liable for Taxes and payments to any other party pursuant to a tax sharing or indemnity agreement, as well as any interest and any penalties, additions to tax or additional amounts under applicable law (such as e.g. under section 3
(4) AO) or imposed by a Tax Authority. For the purposes of this Agreement, “Tax Return” shall mean any material declaration, announcement, advance notification or other document which has to be submitted to any Tax Authority
with respect to Taxes. 

  

	 	(2)	As of the Closing Date the Companies have duly, and within any appropriate time limits (taking into account permitted extensions of time limits), filed all material Tax Returns,
given all material notices and supplied all other material information required to be supplied to any relevant Tax Authorities and have properly maintained all material records required to be maintained for Tax purposes. All such information was and
remains complete and accurate in all material respects and all such returns and notices were and remain complete and accurate in all material respects and were made on the proper basis and are not the subject of any material dispute nor, to the
Sellers’ Best Knowledge, are likely to become the subject of any material dispute with the relevant Tax Authority. 

  

	 	(3)	All Taxes which are due and payable by the Companies before and on the Closing Date have been (or will be timely) paid (or otherwise settled) on or before the Closing Date.

  

	 	(4)	 None of the Companies is involved or has been involved in the last three years prior to the Signing Date in any Tax audit, non routine visits or material
investigations by any Tax Authority, relating to any Tax period ending on or before the Effective Date except for (i) the routine official inspection of employers’ wage tax records (Lohnsteueraußenprüfung) with respect to
the Company covering the period from 1 July 2002 until 31 December 2005, which has been carried out in the business premises of Seller 1 on 27 March 2006 and (ii) the routine official 

  

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inspection by Deutsche Rentenversicherung Nord carried out in the business premises of Seller 1 between 15 May 2006 and 24 May 2006 covering the
period from 1 January 2002 until 31 December 2005. As of the Closing Date none of the Companies is liable to pay any fine or penalties to a Tax Authority. 

  

	 	(5)	With respect to the assessment of Taxes, or the payment thereof, as regards any transactions or operations carried out, including in particular restructuring operations, no advance
rulings (verbindliche Auskunft) or advance pricing agreements (Vorabverständigungsverfahren nach den Doppelbesteuerungsabkommen zur Erteilung verbindlicher Vorabzusagen über Verrechnungspreise zwischen international verbundenen
Unternehmen) from any Tax Authority have been obtained by the Companies. 

  

	 	(6)	The Companies are and have at all times been resident for Tax purposes only in their place of incorporation and are not and have not at any time been treated as resident in any
other jurisdiction for any Tax purpose (including any treaty on the avoidance of double taxation). The Companies are not subject to Tax in any jurisdiction other than their place of incorporation by virtue of having a permanent establishment or
other place of business in that jurisdiction. 

  

	 	(7)	The Companies have properly deducted Taxes from all payments made or benefits provided on or before the Closing Date, or treated as made or provided, as required by law and duly
accounted to the relevant Tax Authority for Taxes so deducted and have complied with all their reporting obligations to the relevant Tax Authority in respect of any such payments made or benefits provided. 

  

	6.2.12	Insurances 

 To the Sellers’ Best Knowledge,
the insurance policies listed in Exhibit 6.2.12 are valid and in full force as of the Signing Date. Except as set forth in Exhibit 6.2.12, all premiums due on the above policies have been duly paid and will be paid
until the Effective Date, and, to the Sellers’ Best Knowledge, as of the Signing Date no such policy can be terminated. 
  

	6.2.13	Conduct of Business 

 Except for the measures and
transactions listed in Exhibit 6.2.13, from 30 September 2006 up to and including the Signing Date none of the measures and transactions set forth in section 12.2 (Period until Closing Date) have been performed and the Business
has been conducted in the ordinary course and substantially in line with past practice. 
  

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	6.3	No other Sellers’ Guarantees 

  

	6.3.1	The Purchaser explicitly acknowledges to purchase and acquire the Shares without reliance upon any express or implied representations, warranties or guarantees of any nature made by
the Sellers except for the guarantees explicitly given by the Sellers under this Agreement. 

  

	6.3.2	Without limiting the generality of the foregoing, the Purchaser acknowledges that the Sellers give no representation, warranty or guarantee with respect to 

 

	 	(1)	any projections, estimates or budgets delivered or made available to the Purchaser of future revenues, future results of operations (or any component thereof), future cash flows or
future financial condition (or any component thereof) or the future business operations of the Companies; or 

  

	 	(2)	any other information or documents made available to the Purchaser or its Affiliates, their accountants or advisors with respect to the Business or the Companies except as expressly
set forth in this Agreement. 

  

	6.4	Sellers’ Best Knowledge 

 “Sellers’ Best Knowledge” shall encompass the actual knowledge or the grossly negligent lack of knowledge (grob fahrlässige Unkenntnis) as of the Signing Date of Dr. Dirk Ehlers, Prof. Claussen,
Anja Bosler, Martina Walter, Dr. Christoph Seibt, Dr. Hans-Christoph Voigt, Sabine Kindt or Dr. Christoph Stoecker. 
 SECTION 7 
 REMEDIES FOR BREACH OF
SELLERS’ GUARANTEES 
  

	7.1	General; Recoverable Damages 

  

	7.1.1	In the event of any breach or non-fulfillment by a Seller of any of the guarantees given by the respective Seller pursuant to section 6, the respective Seller shall, subject to the
provisions of this section 7, within a period of 2 (two) months after he has received notification of such a breach or non-fulfillment from the Purchaser or the Shareholder Loans Purchaser, put the Purchaser or the Shareholder Loans Purchaser, as
the case may be, into the position the Purchaser or the Shareholder Loans Purchaser would have been in had the guarantee not been breached (restitution in kind; Naturalrestitution). 

  

 - 43 - 

 If and to the extent that the respective Seller fails to provide restitution in kind within the period
set out in the foregoing sentence, the Purchaser or the Shareholder Loans Purchaser, as the case may be, at its election, shall be entitled to claim for monetary damage compensation (Schadenersatz in Geld) instead of restitution in kind.

 The obligations under the foregoing sentences exist regardless of any fault or negligence (Verschulden) of the Sellers. 

The damage compensation shall only cover (i) actual damages, (ii) consequential damages (Folgeschäden, mittelbare Schäden),
and (iii) lost profits, in each case as far as such damages are recoverable under sections 249 et seq. BGB. For the avoidance of doubt, damage compensation shall not cover internal administration or overhead costs and expenses of the Purchaser
or the Shareholder Loans Purchaser. The Purchaser and the Shareholder Loans Purchaser shall not be entitled to argue that the Purchase Price and/or the Shareholder Loans Remuneration was calculated upon incorrect assumptions. 
 Any payment made by any of the Sellers pursuant to this Agreement shall be deemed to be an adjustment of the Purchase Price. 
  

	7.1.2	The Sellers shall not be liable for, and the Purchaser or – as the case may be – the Shareholder Loans Purchaser shall not be entitled to claim for, any damages under this
section 7 if and to the extent that 

  

	 	(1)	the matter to which the claim relates is reflected as a liability (Verbindlichkeit), provision (Rückstellung), depreciation (Abschreibung) or individual
write-off (Einzelwertabschreibung) in the Q4 Financial Statements and has been deducted as Financial Debt or treated as a deductible item in determining the Working Capital Shortfall or Working Capital Surplus; 

  

	 	(2)	the Purchaser, the Shareholder Loans Purchaser or, after the Closing, the Companies receive payments under insurance policies or from Third Parties for the respective item;

  

	 	(3)	either the Purchaser or, after the Closing, the Companies have caused (verursacht oder mitverursacht) or aggravated the breach of a guarantee or any damage resulting
therefrom or failed to mitigate damages pursuant to section 254 BGB; 

  

	 	(4)	the payment or settlement of any item giving rise to claims relating to the breach of a guarantee results in a Tax or other benefit to the Purchaser or any of the Companies, whereby
all advantages in connection with the relevant matter shall be taken into account according to the principles of compensatio lucri cum damno (Vorteilsausgleichung); or 

  

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	 	(5)	the breach of a guarantee results from, or its consequences are increased by, the passing of, or any change in, after 31 December 2006, any law, statute, ordinance, rule,
regulation, common law rule or administrative practice of any government, governmental department, agency or regulatory body, including but not limited to any increase of the rates of Taxes or any imposition of Taxes or any withdrawal or relief from
Taxes not actually in effect on 31 December 2006. 

 For the avoidance of doubt, the final sentence of section 8.1.1 shall
apply in respect of any corporate income tax or trade tax burden (as the case may be) that entitle to damages under this section 7. 
  

	7.2	Scope of Sellers’ Liability pursuant to this Agreement 

  

	7.2.1	For a breach of the guarantees set out in section 6.1.1, 6.1.2 and 6.1.3, each Seller shall only be liable for his own breach of such guarantee. For the avoidance of doubt, an
individual Seller shall for example not be liable on the basis of a guarantee given under section 6.2.1 (5) if the statements made in such guarantee are correct in relation to the Share(s) of such individual Seller but incorrect in relation to
the Share(s) of the other Seller. 

 With regard to all claims of the Purchaser or the Shareholder Loans Purchaser under this
Agreement which are not directed only against an individual Seller, for example with regard to claims of the Purchaser under section 3.4.1, the Sellers shall only be liable as partial debtors (teilschuldnerische Haftung) to the following
percentages: Seller 1 to 90% and Seller 2 to 10%. 
 With regard to all claims of the Purchaser or the Shareholder Loans Purchaser under this
Agreement which are directed only against an individual Seller only such individual Seller shall be liable. 
 Regardless of the liability of
the Sellers set out in the preceding subsections, the Purchaser and the Shareholder Loans Purchaser may demand payment from the Escrow Account I for the claims set out in section 3.8.1. For the avoidance of doubt, the Purchaser shall for example be
entitled to demand payment from the Escrow Account I if it has a claim against only one Seller on the basis of a guarantee given by such Seller under section 6.2.1 (5). 
  

	7.2.2	Liability Caps 

  

	(1)	 With respect to all claims of the Purchaser or the Shareholder Loans Purchaser under this section 7 the aggregate liability of the Sellers shall be limited to

  

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EUR 2,000,000.00 (in words: Euro two million) except for claims under this section 7 against Seller 1 in connection with sections 6.2.5 (1) (title to
Assets), 6.2.6 (Intellectual Property Rights), and 6.2.11 (Tax) (hereinafter collectively referred to as “Important Claims”) for which the aggregate liability of Seller 1 shall be limited to EUR 5,000,000.00 (in words: Euro
five million). Important Claims only count towards the cap of EUR 2,000,000.00 (in words: Euro two million) as far as they exceed in the aggregate EUR 3,000,000.00 (in words: Euro three million). The aggregate liability of Seller 1
under this section 7 shall, subject to section 7.2.2 (2) and (4) below, in no event exceed EUR 5,000,000.00 (in words: Euro five million). 

  

	(2)	Section 7.2.2 (1) shall not apply and, save as provided under section 7.2.2 (3) below, no liability cap shall apply, for claims of the Purchaser or the Shareholder
Loans Purchaser under this section 7 in connection with sections 6.2.1 (corporate) and 6.2.3 (title to Shareholder Loans). 

  

	(3)	The aggregate liability of all Sellers under this section 7 shall be limited to an amount equal to the Preliminary Purchase Price and the aggregate liability of each individual
Seller under this section 7 shall be limited to the following amounts: for Seller 1 to EUR 22,167,247.48 (in words: Euro twenty two million one hundred sixty seven thousand two hundred forty seven and forty eight Eurocent) and for Seller 2, together
with its aggregate liability under sections 8.6, 9.3.2 and 10.2, to EUR 594,324.75 (in words: Euro five hundred ninety four thousand three hundred twenty four and seventy five Eurocent). 

  

	(4)	Section 7.2.2 (1) through (3) shall not apply in the event of wrongful deceit (arglistige Täuschung) or other intentional breaches of contract
(vorsätzliche Vertragsverletzung). 

  

	7.2.3	If and to the extent that the Escrow Account I secures any liability claims of the Purchaser or the Shareholder Loans Purchaser under sections 6.1.1, 6.1.2 and 6.1.3 for which
the respective Seller is individually liable, the respective Seller shall fully reimburse the other Seller in the amount taken from the Escrow Account I. 

  

	7.3	De Minimis Amount; Threshold 

 The Purchaser or
– as the case may be – the Shareholder Loans Purchaser shall only be entitled to any claims under this section 7 if (i) such individual claim exceeds an amount of EUR 20,000.00 (in words: Euro twenty thousand) (with the exception
of claims under section 6.2.11 (Tax) where such amount shall be EUR 10,000.00 (in words: Euro ten thousand)) (hereinafter referred to as the “De Minimis Amount”) and (ii) the aggregate individual claims exceeding the De
Minimis Amount exceed EUR 50,000.00 (in words: Euro fifty thousand) (hereinafter referred to as the “Threshold”). In case each individual 

  

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claim exceeds the De Minimis Amount and the aggregate amount of all such individual claims exceeds the Threshold, the Purchaser or – as the case may be
– the Shareholder Loans Purchaser can claim the aggregate amount including the De Minimis Amounts and the Threshold (Freigrenze). For the avoidance of doubt, this section 7.3 shall not apply with respect to claims based on the
indemnities set out in sections 8 and 9 of this Agreement. 
  

	7.4	Exclusion of Claims due to Purchaser’s Knowledge 

 The Purchaser or – as the case may be – the Shareholder Loans Purchaser – shall not be entitled to bring any claim under this section 7 if the underlying facts or circumstances to which the claim relates were known, or if
there was a grossly negligent lack of knowledge (grob fahrlässige Unkenntnis) of such underlying facts or circumstances, by the persons identified in Exhibit 7.4. Section 377 HGB shall not apply. Section 442
BGB shall apply mutatis mutandis with respect to the knowledge of the persons identified in Exhibit 7.4. 
  

	7.5	Time Limitations 

 All claims of the Purchaser and
the Shareholder Loans Purchaser pursuant to this section 7 shall become time-barred (verjähren) on 31 March 2008 (24:00 hours German time), except for claims under this section 7 in connection with section 6.2.1, section 6.2.3,
6.2.6 and 6.2.11. 
 Claims under this section 7 in connection with section 6.2.1 and section 6.2.3 shall become time-barred on
31 December 2014. 
 Claims under this section 7 in connection with section 6.2.6 shall become time-barred on 31 December 2010.

 Claims under this section 7 in connection with section 6.2.11 shall be time-barred at the later of (i) three (3) months after the
final and non appealable assessment (bestandskräftige Festsetzung) of the relevant Tax or (ii) three (3) months after the date on which the relevant statute of limitation for assessment of the Tax (taking into account all
relevant suspensions (Ablaufhemmung)) has expired, and (iii) in no event later than 31 December 2014 except in the case of criminal or administrative offences related to Taxes (Steuerstraftaten, Steuerordnungswidrigkeiten)
and in the case of Tax Contests related to Taxes in which case the relevant claims of the Purchaser shall become time-barred only three (3) months after the final and non appealable assessment (bestandskräftige Festsetzung) of the
relevant Tax. 
 Section 203 BGB shall not apply. 
  

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	7.6	Notification of the Sellers; Procedure in Case of Third Party Claims 

  

	7.6.1	If after the Effective Date the Purchaser, the Shareholder Loans Purchaser or the Company become aware of any new circumstances which constitute an actual or probable breach of a
guarantee pursuant to section 6 above, the Purchaser or – as the case may be – the Shareholder Loans Purchaser shall within 10 (ten) Business Days give Seller 1 (acting on behalf of both Sellers) (hereinafter “Sellers’
Agent”) written notice thereof, with such notice stating the nature of the possible breach and the likely amount involved, to the extent that such amount can be determined at the time of the notice. Without prejudice to the validity of the
alleged breach, the Purchaser shall allow, and shall cause the Companies to allow, Sellers’ Agent and its accountants and legal advisers to investigate the circumstances alleged to give rise to such breach, and whether and to which extent any
amount is payable in respect of such breach. For such purposes, the Purchaser and the Shareholder Loans Purchaser shall give, and shall cause the Companies to give, such information and assistance, including access to the Companies’ premises
and personnel and including the right to examine and copy or photograph any assets, accounts, documents and records, as Sellers’ Agent or its accountants or legal advisers may reasonably request. 

  

	7.6.2	Furthermore, in the event that in connection with a breach of a guarantee under section 6 any claim or demand of a Third Party is asserted against the Purchaser, the Shareholder
Loans Purchaser or any of the Companies, the Purchaser shall within 10 (ten) Business Days (i) make available to Sellers’ Agent a copy of the Third Party claim or demand and of all time-sensitive documents and (ii) give the
Sellers’ Agent the opportunity to defend the Purchaser, the Shareholder Loans Purchaser or any of the Companies against such claim. Sellers’ Agent shall have the right to defend the claim by all appropriate proceedings and shall have the
sole power to direct and control such defense. In particular, without limitation, Sellers’ Agent may (i) participate in and direct all negotiations and correspondence with the Third Party, (ii) appoint and instruct counsel acting, if
necessary, in the name of the Purchaser, the Shareholder Loans Purchaser or any of the Companies, and (iii) require that the claim be litigated or settled in accordance with Sellers’ Agent’s instructions. Sellers’ Agent shall in
any event conduct such proceedings in good faith with due regard to the concerns of the Purchaser or the Shareholder Loans Purchaser. 

  

	7.6.3	In no event shall the Purchaser, the Shareholder Loans Purchaser or any of the Companies be entitled to acknowledge or settle a claim or permit any such acknowledgement or
settlement without Sellers’ Agent’s prior written consent to the extent that such claim or settlement may result in a liability of the Sellers under this Agreement. The Purchaser, the Shareholder Loans Purchaser or any of the Companies
shall reasonably cooperate with the Sellers’ Agent in the defense of any Third Party claim. 

  

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	7.6.4	To the extent that the Sellers are in breach of a guarantee provided for under section 6 above, all reasonable costs and expenses incurred by the Sellers, the Purchaser and the
Shareholder Loans Purchaser in defending such claim shall be borne by the Seller(s) concerned. If it turns out that the Sellers were not in breach, any reasonable costs and expenses incurred by the Sellers, the Purchaser and the Shareholder Loans
Purchaser in connection with the defense (including advisors fees) shall be borne by the Purchaser. 

  

	7.6.5	The failure of the Purchaser to fully comply with its obligations under this section 7.6 shall not exclude or limit the claims of the Purchaser or the Shareholder Loans Purchaser
under this Agreement if the failure of such compliance has not materially prejudiced the Sellers. 

  

	7.6.6	Section 7.6.1 through section 7.6.5 do not apply in respect of claims governed by section 8.4. 

  

	7.7	Exclusion of Further Remedies 

  

	7.7.1	The Purchaser explicitly acknowledges that he acquires the Company based upon its own examination of the Business by the Purchaser’s Guarantor and its advisors.

  

	7.7.2	To the extent permitted by law, the remedies which the Purchaser or – as the case may be – the Shareholder Loans Purchaser may have against the Sellers for breach of any
obligations set forth in sections 6, 7, 8 and 9 shall solely be governed by this Agreement and shall be the exclusive remedies available to the Purchaser. Without limiting the generality of the aforesaid, any right of the Purchaser to reduce the
Purchase Price (Minderung), or to rescind (Rücktritt) this Agreement or to require the winding up of the transactions contemplated hereunder on any other legal basis (e.g. by way of großer Schadenersatz), any claims
for breach of pre-contractual obligations (culpa in contrahendo pursuant to sections 311 (2) and 280 BGB), or ancillary obligations (positive Forderungsverletzung) and any liability in tort (Deliktshaftung), except for
claims for willful deceit (arglistige Täuschung) and other intentional breaches of contract (vorsätzliche Vertragsverletzungen), are hereby explicitly excluded and waived by the Purchaser to the extent permitted by law.

  

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 SECTION 8 
 TAXES 
  

	8.1	Tax Indemnification 

  

	8.1.1	The Sellers shall pay to the Purchaser or, at the Purchaser’s election, to any of the Companies an amount equal to (i) any liability for Taxes which are imposed on, or
payable by, any of the Companies for Tax assessment periods (e.g. steuerliche Veranlagungszeiträume) or time periods or portions thereof ending on or before the Effective Date, (ii) any liability for Taxes which are imposed on, or
payable by, any of the Companies in respect of dividends, constructive dividends (in particular, but not limited to any transaction with Sellers or persons affiliated or related to Sellers) or fictitious profits or gains which are deemed realized
for Tax purposes for Tax assessment periods or time periods or portions thereof ending on or before the Closing Date, (iii) 24% of the amount by which the Tax loss carry forward of the Company for German corporate income Tax purposes as of the
Effective Date falls short of EUR 8,000,000.00 (in words: Euro eight million) and 14% of the amount by which the Tax loss carry forward of the Company for German trade Tax purposes falls short of EUR 4,000,000.00 (in words: Euro four million); in
each case of (i) and (ii) and, as far as items (3) to (6) below are concerned, also in case of (iii), unless, and except to the extent that, 

  

	 	(1)	the amount of Taxes has been deducted as Financial Debt or treated as a deductible item in determining the Working Capital Shortfall or Working Capital Surplus;

  

	 	(2)	the amount of the Taxes is actually recovered from a third party after the Closing Date; 

  

	 	(3)	the amount of the Taxes or, as the case may be, the reduction of the Tax loss carry forwards results from reorganization or other measures initiated by Purchaser with retroactive
effect for periods or portions thereof ending on or before the Effective Date; 

  

	 	(4)	the amount of the Taxes or, as the case may be, the reduction of the Tax loss carry forwards results from (i) any change in the accounting and taxation principles or practices
of the Companies introduced after the Closing Date, or (ii) any transaction, action or omission taken by the Purchaser or the Companies after the Closing Date with retroactive effect for periods or portions thereof ending on or before the
Effective Date; in each case of (i) and (ii) unless required under mandatory law; 

  

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	 	(5)	the amount of Taxes may be offset against future Tax reductions (Steuerminderungen) arising after the Effective Date out of the circumstance triggering the Tax
indemnification claim, e.g. resulting from the lengthening or depreciation periods or higher depreciation allowances (Phasenverschiebung), whereby future Tax reductions shall be calculated on the basis of the Tax rates and Tax laws in force
and effect at the time when the Tax is claimed by the Purchaser or at such time enacted to come into force; 

  

	 	(6)	the Sellers suffered a Tax-related economic disadvantage with respect to the indemnifiable Tax by the Purchaser’s non-compliance with the procedures of section 8.4 below.

 For the avoidance of doubt, it is understood that any Tax refunds resulting from a carry back of Tax losses incurred after
the Effective Date into a Tax assessment period prior to or ending on the Effective Date shall not limit the Sellers’ indemnification obligation pursuant to this section 8.1.1. It is further understood that the Sellers’ indemnification
obligation pursuant to this section 8.1.1 in respect of corporate income tax and trade tax payable by, or imposed on, the Company shall be mitigated, if and to the extent Tax loss carry forwards for corporate income tax and trade tax purposes are
available as of the Effective Date in excess of the respective amounts set out in 8.1.1 (iii) and can be used to reduce the corporate income tax or trade tax that would otherwise be payable by the Company. 
  

	8.1.2	Indemnification payments due by the Sellers under this section 8 shall be made within 12 (twelve) Business Days following written notice by the Purchaser to the Sellers, provided
that the Sellers shall not be required to make any payment earlier than 2 (two) Business Days before such Taxes are due to the Tax Authority. In case of any Tax being contested in accordance with section 8.4.2 and provided that the Tax Authority has
granted a stay of execution without security (Aussetzung der Vollziehung ohne Sicherheitsleistung), payment of such Tax to the Tax Authority is considered due no earlier than on the date a final (bestandskräftig) determination to
such effect is made by either Tax Authority or a court of proper jurisdiction. 

  

	8.2	Tax Filings after the Closing Date 

 Seller 1 shall
prepare, or cause to be prepared, and make, or cause to be made, all Tax filings for the Companies required to be filed by or on behalf of the Companies after the Closing Date for periods including the period ending on the Effective Date. Such Tax
filings shall be prepared by Seller 1, subject to the Purchaser’s approval, on a basis consistent with those prepared for prior Tax assessment periods, provided that applicable law so allows. Seller 1 and 

  

 - 51 - 

 
Purchaser shall fully co-operate in connection with any Tax matter relating to any Tax assessment or time periods ending on or before the Effective Date,
including the preparation and filing of any Tax Return and transfer pricing documentation. Such co-operation shall include, without limitation, providing or making available all relevant books, records and documentation and the assistance of
officers and employees. KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft, Hamburg, shall be mandated to prepare all Tax filings for the Companies required to be filed by or on behalf of them after the
Closing Date for periods including the period ending on the Effective Date. 
  

	8.3	Tax Covenants 

 The Purchaser covenants to the
Sellers that except as required by any Tax Authority or otherwise compelled by mandatory law and after having given Sellers’ Agent the opportunity to intervene, the Purchaser will not cause or permit the Companies to make or change any Tax
election, amend any Tax Return or take any Tax position on any Tax Return or take any action, omit to take any action or enter into any transaction with retroactive effect for Tax purposes prior to the Effective Date that results in any increased
Tax liability (including a Tax indemnification liability) of the Sellers. 
  

	8.4	Indemnification Procedures 

  

	8.4.1	Following the Closing Date, the Purchaser shall timely notify Sellers’ Agent of any Tax audit or administrative or judicial proceedings that are announced or commenced and that
could constitute a basis for indemnification by the Sellers pursuant to this section 8. Such notice shall be in writing and shall contain reasonable factual information describing the object of the Tax audit or the asserted Tax liability in
reasonable detail and shall include copies of any notice or other document received from any Tax Authority in respect of any such Tax audit or asserted Tax liability. 

  

	8.4.2	 Sellers’ Agent may elect to direct on its own or through a common counsel of its choice and at its expense (including reimbursement of reasonable costs and
expenses incurred by the Companies), any audit, claim for refund and administrative or judicial proceeding, if and to the extent a Tax liability is involved with respect to which indemnity may be sought under this section 8 (any such audit, claim
for refund or proceeding relating to a Tax liability is herein referred to as a “Tax Contest”). If Sellers’ Agent elects to direct a Tax Contest, then Seller 1 shall within 12 (twelve) Business Days of receipt of the
Purchaser’s written notice pursuant to section 8.4.1 above, notify the Purchaser of its intent to do so, and the Purchaser shall cooperate and cause the Companies or the respective successors to cooperate, at the expense of Seller 1 in
each 

  

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phase of such Tax Contest, provided, however, that no duty to cooperate is owed where an instruction or action of Seller 1 jeopardizes material Tax
assets of the Purchaser or the Companies, or in case of alleged criminal or administrative offences by the Sellers, or otherwise affects material interests of the Purchaser or the Companies. If Sellers’ Agent does not elect to direct such Tax
Contest or fails to notify the Purchaser of its election as herein provided, the Purchaser, the Company or the Subsidiary may pay, compromise or contest such asserted Tax liability. In any event, Sellers’ Agent may participate to the extent
applicable law so permits, at its own expense in any Tax Contest. If Sellers’ Agent chooses to direct the Tax Contest, the Purchaser shall timely authorize, and shall cause the respective Companies to authorize the designated representative of
Sellers’ Agent to represent the Purchaser, the Company and/or the Subsidiary or their successors in the Tax Contest insofar as the Tax Contest involves in asserted Tax liability for which the Sellers would be liable under this section 8.

  

	8.5	Tax Refunds 

 If the Company and/or the Subsidiary
will receive a Tax refund relating to any Tax period ending on or before the Effective Date (to the extent not reflected in the Q4 Financial Statements of the Company as an asset), the amount of the Tax refund shall be paid by the Purchaser to the
Sellers. The Purchaser shall duly notify the Sellers of any Tax refund relating to any period ending on or before the Effective Date. If and to the extent the respective Tax refund is a result of a benefit (such as e.g. a decrease in any Tax base or
income item) attributable to a period or portion thereof ending on or before the Effective Date which triggers corresponding charges (such as e.g. increases of any Tax base or income item) attributable to a period or portion thereof after the
Effective Date (“Reverse Effects”; Umkehreffekte), then the amount of the Tax to be refunded shall be reduced by the Tax attributable to such Reverse Effects, whereby future Tax burdens shall be calculated on the basis of the
Tax rates and Tax laws in force and effect at the time when the Tax refund is claimed by the Sellers or at such time enacted to come into force. 
  

	8.6	Scope of Sellers’ Liability 

 With regard to
all claims of the Purchaser against the Sellers under this section 8 the Sellers shall not be jointly and severally liable (keine gesamtschuldnerische Haftung) but only be liable as partial debtors (teilschuldnerische Haftung) to
the following percentages: Seller 1 to 90% and Seller 2 to 10%. 
 The liabilities of the Sellers under this section 8 shall neither be
subject to the De Minimis Amount nor the Threshold as stipulated in section 7.3. The aggregate liability of Seller 1 under this section 8 is limited to a maximum amount 

  

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of EUR 5,000,000.00 (in words: Euro five million). The aggregate liability of Seller 2 under this section 8 is limited to a maximum amount of
EUR 200,000.00 (in words: Euro two hundred thousand). 
 As far as a claim of the Purchaser against Seller 2 under this section 8 exceeds
an amount of EUR 200,000.00 (in words: Euro two hundred thousand), the Purchaser can, despite the liability of the Sellers as partial debtors (Teilschuldner), claim such excess amount from Seller 1 (Ausfallhaftung). 
 The aggregate liability of Seller 1 under this section 8 together with its aggregate liability under and pursuant to section 7.2.2 shall in no event
exceed EUR 5,000,000.00 (in words: Euro five million) and the aggregate liability of Seller 2 under this section 8 together with its aggregate liability under and pursuant to sections 7.2.2, 9.3.2 and 10.2 shall in no event exceed
EUR 594,324.75 (in words: Euro five hundred ninety four thousand three hundred twenty four and seventy five Eurocent). 
  

	8.7	Limitation 

 Claims of the Purchaser under this
section 8 shall be time-barred at the later of (i) three (3) months after the final and non appealable assessment (bestandskräftige Festsetzung) of the relevant Tax or (ii) three (3) months after the date on which the
relevant statute of limitation for assessment of the Tax (taking into account all relevant suspensions (Ablaufhemmung)) has expired, however (iii) in no event later than 31 December 2014, except in the case of criminal or
administrative offences related to Taxes (Steuerstraftaten, Steuerordnungswidrigkeiten) and in the case of Tax Contests related to Taxes in which case the relevant claims of Purchaser shall be time-barred only three (3) months after the
final and non appealable assessment of the relevant Tax. Section 203 BGB shall not apply. 
  

	8.8	Qualification of Payments 

 Payments by the Sellers
to the Purchaser or by the Purchaser to the Sellers pursuant to this section 8 shall constitute a reduction or increase of the Purchase Price, as the case may be. If and to the extent payments are made by the Sellers to any of the Companies at the
election of the Purchaser, such payments shall be construed and deemed as a payment (either as a contribution (Einlage) or a loan) by the Purchaser, directly or indirectly, into the respective Company. 
  

	8.9	No Double Counting 

 In the event that a claim of
the Purchaser may be based on either a breach of a guarantee under section 6.2.11 (Tax) or an indemnification under this section 

  

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8, the Purchaser may freely elect on which ground he demands payment, it being understood that payment may not be obtained for more than once (no double
counting). 
 SECTION 9 
 INDEMNITY WITH RESPECT TO CERTAIN EMPLOYMENT RELATIONSHIPS 
  

	9.1	Termination of certain Employment Relationships 

 The Purchaser is not interested in the continuation of the employment relationships of the employees and the managing director (Geschäftsführer) of the Company listed in Exhibit 9.1 (“Redundant
Employees”). The Sellers shall cause the Company to use its best efforts to immediately terminate the employment relationships with the Redundant Employees effective as of the next legally admissible date, e.g. by means of a unilateral
notice of termination or a mutual termination agreement. Any change to the individuals listed as Redundant Employees requires the consent of Purchaser and Seller 1 which shall not be unreasonably withheld. 
  

	9.2	Indemnification 

  

	9.2.1	 The Sellers shall indemnify and hold harmless the Purchaser from and against any and all costs, expenses and other losses (Nachteile) incurred by the Company
in connection with the ongoing employment of the Redundant Employees in the period from the Effective Date until the effectiveness of a termination (rechtliche Beendigung) of their employment relationship or incurred by any action undertaken
by the Purchaser or the Company to effect such termination (collectively hereinafter referred to as “Redundancy Costs”). Such Redundancy Costs include but are not limited to all salaries, benefits, bonuses or similar variable
compensation, other employment-related reimbursements or payments, remuneration in kind and applicable social security contributions which the Company must render to a Redundant Employee until the effective termination (rechtliche Beendigung)
of the employment relationship between the Company and this Redundant Employee, provided, however, that this Redundant Employee has been released from work and the Company does no longer benefit from the workforce of such Redundant Employee. In
addition, Redundancy Costs include but are not limited to severance payments (or similar court or out-of court settlement payment) to a Redundant Employee, reimbursement payments for the loss of unemployment payments made by the Company to a
Redundant Employee, compensation for post-termination non-compete covenants paid to a Redundant Employee, and all legal fees (e.g. attorneys’ fees) 

  

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incurred to avoid or settle a court litigation or in course of a court litigation between the Company and a Redundant Employee about the effectiveness of his
or her termination or about other termination-related issues (such as the amount of a variable compensation or of compensation of a non-compete covenant). 

  

	9.2.2	The Sellers’ obligation to indemnify and hold harmless the Purchaser pursuant to this section 9 shall not apply if and to the extent that the Redundancy Costs are (and under
acknowledged and applicable accounting principles can lawfully be) reflected as a liability (Verbindlichkeit) or provision (Rückstellung) in the Q4 Financial Statements and have reduced the Purchase Price. On the Closing Date, the
Sellers shall provide the Purchaser with a written table that lists all cost items of the Redundancy Costs that are or will be reflected as a liability (Verbindlichkeit) or provision (Rückstellung) in the Q4 Financial Statements;
with regard to each cost item the table shall specify the name of the Redundant Employee, the kind and amount of the respective Redundancy Cost and the date and recipient of the respective payment. 

  

	9.3	No Cap; Time Limitations 

  

	9.3.1	Regardless of the liability of the Sellers as partial debtors (Teilschuldner) according to section 7.2.1 above, the Purchaser may demand payment from the Escrow Account II
for its claims set out in the preceding subsections of this section 9. 

  

	9.3.2	The aggregate liability of Seller 2 under this section 9, together with its aggregate liability under sections 7.2.2, 8.6 and 10.2, shall be limited to a maximum amount of
EUR 200,000.00 (in words: Euro two hundred thousand). 

 As far as a claim of the Purchaser against Seller 2 under this
section 9 exceeds an amount of EUR 200,000.00 (in words: Euro two hundred thousand), the Purchaser can, despite the liability of the Sellers as partial debtors (Teilschuldner), claim such excess amount from Seller 1 (Ausfallhaftung).

 Seller 1’s aggregate liability under this section 9 is not capped. 
  

	9.3.3	Any claim of the Purchaser under this section 9 shall become time-barred (verjähren) on 31 December 2010 (24:00 hours German time). Section 203 BGB shall not
apply. 

  

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	9.4	Notification of the Sellers, Procedure in case of Third Party claims 

 Section 7.6 shall apply mutatis mutandis. 
  

	9.5	Dissolution of provisions for Redundancy Costs 

 In
the event that, after the Effective Date, provisions (Rückstellungen) for Redundancy Costs which are shown in the Q4 Financial Statements are dissolved until 31 December 2010 due to the fact that such provisions are no longer
required because it turns out that the underlying liability will not materialise, the Purchaser shall, within ten (10) Business Days, pay an amount equal to the reduction of the provisions for the Redundancy Costs to Seller 1 and Seller 2 to
the following percentages: Seller 1 to 90%, Seller 2 to 10%. 
 SECTION 10 
 OLYMPUS TRANSACTION 
  

	10.1	Purchaser shall pay to Seller 1 and Seller 2, or at his election, shall procure that the Company pays to Seller 1 and Seller 2 amounts equal to all payments received by the Company
after the Effective Date under the agreement entered into between the Company and Olympus Corporation on 13 March 2006 regarding the sale and transfer of the single molecule detection business of the Company a copy of which (without the
schedules thereto) is attached hereto as Exhibit 10.1 (“Olympus Transaction”) net of value added tax (VAT), if any, and, as a lump sum for Taxes other than VAT, minus 17% of the amounts of the payments received,
immediately, but no later than 5 (five) Business Days after receipt of such payments by the Company without any further deductions. Payments of the Purchaser to the Sellers in accordance with this section 10.1 shall be deemed to be adjustments of
the Purchase Price. Payments to the Sellers shall be made to the following percentages: Seller 1 to 90%, Seller 2 to 10%. 

  

	10.2	 The Sellers shall indemnify and hold harmless the Purchaser with respect to all liabilities arising out of, connected with or relating to the Olympus Transaction
(it being understood that as far as any potential Tax liabilities arising out of, connected with or relating to the Olympus Transaction are concerned, section 6.2.11 (Tax) and section 8 shall apply, provided however, that any existing Tax loss carry
forwards of the Company relating to periods up to the Effective Date in excess of the Tax loss carry forwards guaranteed in section 8.1.1 (iii) must be used to reduce the corporate income tax or trade tax that would otherwise be payable by the
Company). Section 7.1.2 shall apply mutatis 

  

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mutandis; sections 7.2.2, 7.3, 7.4, and 7.5 shall not apply. Claims of the Purchaser under this section 10.2 shall become time-barred on
31 December 2014. 

 For the avoidance of doubt, with regard to all claims of the Purchaser against the Sellers under
this section 10 the Sellers shall, pursuant to section 7.2.1, not be jointly and severally liable (keine gesamtschuldnerische Haftung) but only be liable as partial debtors (teilschuldnerische Haftung) to the following percentages:
Seller 1 to 90% and Seller 2 to 10%. 
 Seller 2’s aggregate liability under this section 10 shall be limited to EUR 200,000.00 (in
words: Euro two hundred thousand) and, together with its aggregate liability under sections 7.2.2, 8.6 and 9.3.2, shall in no event exceed EUR 594,324.75 (in words: Euro five hundred ninety four thousand three hundred twenty four and seventy
five Eurocent). 
 As far as a claim of the Purchaser against Seller 2 under this section 10 exceeds an amount of EUR 200,000.00 (in words:
Euro two hundred thousand), the Purchaser can, despite the liability of the Sellers as partial debtors (Teilschuldner), claim such excess amount from Seller 1 (Ausfallhaftung). 
 Seller 1’s aggregate liability under this section 10 is not capped. 
  

	10.3	The Purchaser shall procure that, after the later of the Closing Date and the Effective Date, the management of the Company will undertake all appropriate measures including,
without limitation, legal proceedings to receive payments due and payable to the Company in connection with the Olympus Transaction. Sellers’ Agent shall have the sole power to direct and control such measures and/or proceedings. In particular,
without limitation, Sellers’ Agent may (i) participate in and direct all negotiations and correspondence with Olympus Corporation or any of its Affiliates, (ii) appoint and instruct counsel acting, if necessary, in the name of the
Purchaser or the Company, and (iii) require that the claim be litigated or settled in accordance with Sellers’ Agent’s instructions. Sellers’ Agent shall conduct such proceedings in good faith with due regard to the concerns of
the Purchaser. 

 In no event shall the Purchaser or the Company be entitled to acknowledge or settle a claim or permit any such
acknowledgement or settlement without Sellers’ Agent’s prior written consent. The Purchaser and the Company shall fully cooperate with Sellers’ Agent in collecting such payments from Olympus Corporation, provide Sellers’ Agent
and its representatives access to the relevant business records and documents and permit Sellers’ Agent and its representatives to consult with the directors, employees and representatives of the Purchaser and the Company in connection with
such measures and proceedings. 
  

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 All reasonable costs and expenses incurred by the Purchaser or the Company in connection with the
measures described in the foregoing sentences of this section 10.3 shall be borne by the Sellers. As between them, the Sellers shall bear the costs to the following percentages: Seller 1 to 90%, Seller 2 to 10%. 
 The failure of the Purchaser to fully comply with its obligations under this section 10.3 shall not exclude or limit the claims of the Purchaser or the
Shareholder Loans Purchaser under this Agreement if the failure of such compliance has not materially prejudiced the Sellers. 
 SECTION 11 
 PURCHASER’S GUARANTEES 

 

	11.1	Guarantees 

 The Purchaser hereby guarantees by way
of an independent guarantee pursuant to section 311 (1) BGB (selbständiges Garantieversprechen im Sinne des § 311 Abs. 1 BGB): 
  

	11.1.1	The Purchaser is duly incorporated and validly existing under the laws of the Federal Republic of Germany and has all requisite corporate power and authority to own its assets and
to carry out its business. No bankruptcy, insolvency, judicial composition or comparable proceedings concerning the Purchaser have been applied for or commenced. 

  

	11.1.2	The execution and performance by the Purchaser of this Agreement and the consummation of the transactions contemplated hereby are within the corporate powers of the Purchaser and
have been duly authorized by all necessary corporate action on part of the Purchaser. 

  

	11.1.3	The execution and performance by the Purchaser of this Agreement and the consummation of the transactions contemplated herein do not (i) violate the articles of association or
by-laws of the Purchaser or (ii) violate any applicable law, regulation, judgment, injunction or order binding on the Purchaser, and (iii) there is no action, law suit, investigation or proceeding pending against, or to the knowledge of
the Purchaser threatened against, the Purchaser before any court, arbitration panel or governmental authority which in any manner challenges or seeks to prevent, alter or delay the transaction contemplated herein. 

  

	11.1.4	The Purchaser has no obligation or liability to pay any fees or commissions to any broker or finder with respect to the transactions contemplated hereby for which any of the Sellers
or any of its respective Affiliates (including prior to Effective Date the Companies) could become liable. 

  

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	11.1.5	The Purchaser has sufficient immediately available funds or binding financing commitments to pay the Purchase Price. 

  

	11.1.6	Based on its due diligence, the Purchaser has not identified any claim against the Sellers pursuant to section 7 or 8 of this Agreement which a third party, acting reasonably, would
put forward against the Sellers. 

  

	11.2	In the event of any breach or non-fulfillment by the Purchaser of any of the guarantees given by the Purchaser pursuant to the foregoing subsections of this section 11, the
Purchaser shall, within a period of 2 (two) months after he has received notification of such a breach or non-fulfillment from the Sellers’ Agent, put the Sellers into the position the Sellers would have been in had the guarantee not been
breached (restitution in kind; Naturalrestitution). 

 If and to the extent that the Purchaser fails to provide
restitution in kind within the period set out in the foregoing sentence, the Sellers, at the election of the Sellers’ Agent, shall be entitled to claim for monetary damage compensation (Schadenersatz in Geld) instead of restitution in
kind. 
 The obligations under the foregoing sentences exist regardless of any fault or negligence (Verschulden) of the Purchaser.

 The damage compensation shall only cover (i) actual damages, (ii) consequential damages (Folgeschäden, mittelbare
Schäden), and (iii) lost profits, in each case as far as such damages are recoverable under sections 249 et seq. BGB. For the avoidance of doubt, damage compensation shall not cover internal administration or overhead costs and
expenses of the Sellers. The Sellers shall not be entitled to argue that the Purchase Price and/or the Shareholder Loans Remuneration was calculated upon incorrect assumptions. 
 The aggregate amount of the Purchaser’s liability for breach of any of the guarantees pursuant to section 11.1 shall be EUR 2,500,000.00 (in words:
two million five hundred thousand). All claims of the Sellers arising under this section 11 shall become time-barred (verjähren) on 31 March 2008 (24:00 hours German time), except for claims based on a breach of the guarantee given
under section 11.1.1 which shall become time-barred on 31 December 2014. 
  

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 SECTION 12 
 COVENANTS; RIGHT TO MITIGATE PURCHASE PRICE 
  

	12.1	Merger Control Proceedings and Other Regulatory Requirements 

  

	12.1.1	The Purchaser shall ensure that the filing to be made with the German Federal Cartel Office, to the extent it has not already been made prior to the Signing Date, will be made as
soon as possible and not later than fifteen (15) Business Days after the Signing Date. Such filing shall be made by the Purchaser on behalf of all Parties, provided, however, that the contents of such filing shall require prior written approval
of the Sellers, which shall not unreasonably be withheld. If the Purchaser has failed to submit to the Sellers the draft filing for approval within 10 (ten) Business Days after the Signing Date, or has failed to make the filings within 10 (ten)
Business Days after written approval has been given by the Sellers, the Sellers shall be entitled to make the filing on behalf of all Parties. 

  

	12.1.2	The Sellers and the Purchaser shall closely cooperate in the preparation of such filing. Each Party shall without undue delay provide all other Parties with copies of any
correspondence with German Federal Cartel Office and with copies of any written statement, order or decision of the German Federal Cartel Office, with the exception of confidential information. The Parties shall closely cooperate in any discussions
and negotiations with the competent authorities with the objective to obtain clearance for the transaction contemplated by this Agreement within the shortest time period possible. The Sellers and the Purchaser shall contact the German Federal Cartel
Office only after consultation with the other Party(ies) and give each other and their respective advisers the opportunity to participate in all meetings and conferences with the German Federal Cartel Office. 

  

	12.1.3	The Purchaser may waive (zurücknehmen) the filing with the German Federal Cartel Office or agree with the German Federal Cartel Office on the extension of any
examination period only with the express prior written consent of the Sellers. If the German Federal Cartel Office is prepared to grant its approval only subject to compliance with specific conditions or obligations to be imposed upon the Purchaser,
the Purchaser shall accept the imposition of such conditions and obligations, provided that this is reasonable for the PerkinElmer group, taking into account the importance of the transactions contemplated by this Agreement for the PerkinElmer
group. 

  

	12.1.4	If the consummation of the Closing is prohibited by the German Federal Cartel Office, the Parties shall contest such decision (including by way of litigation) and use all other
reasonable efforts to ensure that the Closing may be consummated as contemplated by this Agreement and as timely as reasonably practicable. 

  

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	12.2	Period until Closing Date 

 Except for the measures
and transactions listed in Exhibit 12.2, the Sellers shall between the Signing Date and the later of the Effective Date and the Closing Date procure that the Business will be conducted in the ordinary course and substantially in
line with past practice, and, to the extent permissible under applicable law, will (i) without the written consent of the Purchaser not sell, transfer, otherwise dispose of (save from the Measures), or create any encumbrances on, any
Companies’ Shares or rights or claims under the Shareholder Loans, and (ii) use best efforts to ensure that with respect to any of the Companies without the written consent of the Purchaser (such consent not to be unreasonably withheld)
none of the following shall occur: 
  

	 	(1)	any increase or decrease of the stated capital or the redemption of any shares, save from the Measures; 

  

	 	(2)	any merger, split, dissolution, liquidation or other significant change of the corporate structure; 

  

	 	(3)	any sale of any fixed assets with a value in excess of EUR 100,000.00 (in words: Euro one hundred thousand) in the individual case; 

  

	 	(4)	any capital expenditures (Ausgaben zur Anschaffung von Anlagevermögen) or entering into any agreement or commitment, each in excess of EUR 20,000.00 (in words: Euro
twenty thousand) in the individual case; 

  

	 	(5)	any new or increased indebtedness vis-à-vis Third Parties outside the ordinary course of business or in excess of in the aggregate EUR 20,000.00 (in words: Euro twenty
thousand); 

  

	 	(6)	any premature termination by any of the Companies or material amendment of any Material Agreement; 

  

	 	(7)	any material change in the terms of employment, in particular any increase of the remuneration or significant benefits of, or the extension of new significant benefits to, any of
the Companies’ directors, officers, employees, agents or consultants outside the ordinary course of business; 

  

	 	(8)	any hiring of any new directors or officers with a fixed annual gross compensation in excess of EUR 75,000.00 (in words: Euro seventy-five thousand); 

 

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	 	(9)	any declaration or payment of any dividends or any other distribution to any Seller or its Affiliates; 

  

	 	(10)	any material changes to the Companies’ insurance coverage; 

  

	 	(11)	acquisition or disposal of any fixed assets relating to the business of the Companies outside the ordinary course of business; 

  

	 	(12)	any advance or extension of any loan to any Third Party outside the ordinary course of business; 

  

	 	(13)	passing of any shareholders’ resolution relating to the Constitutional Documents, save from the Measures; 

  

	 	(14)	any giving by any of the Companies of a guarantee, suretyship (Bürgschaft), letter of comfort (Patronatserklärung), indemnity or any other security.

  

	 	(15)	any appointment of any person as a managing director of any of the Companies; 

  

	 	(16)	any commencement of litigation other than the collection of debts in the ordinary course of business. 

  

	12.3	Right to mitigate Purchase Price 

 The Purchaser may
mitigate the Purchase Price in the event that (i) between the Signing Date and the Effective Date the Companies sustain a loss or damage on account of fire, flood, explosion, death, strike or any other cause (whether similar or not and
including breaches of obligations of the Sellers under section 12.2) which materially and adversely affects the value of the Shares or the manner in which the Companies can continue to carry out their business in substantially the same manner as it
is now carried on and (ii) such loss or damage exceeds EUR 5,000,000.00 (in words: Euro five million) (hereinafter referred to as the “MAC”). 
 The Purchaser must notify Sellers’ Agent in writing and in reasonable detail without undue delay (unverzüglich) of any circumstances which in his reasonable opinion give rise to a MAC and its
intention to mitigate the Purchase Price pursuant to the foregoing sentence. However, the right of the Purchaser to mitigate the Purchase Price shall elapse on 31 March 2007 (24:00 hours German time) if not notified before. 
 The mitigation shall be such amount as in all the circumstances reasonable and as agreed between Sellers’ Agent and the Purchaser. If the
Sellers’ Agent and 

  

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the Purchaser cannot agree on an amount of mitigation, an expert shall decide (i) whether or not a MAC has occurred, (ii) the amount of mitigation,
and (iii) on the costs of the procedure pursuant to sections 91 et seq. ZPO. The expert shall be jointly nominated by the Sellers’ Agent and the Purchaser within 15 (fifteen) Business Days of the Purchaser’s notification, or, if no
such joint nomination occurs within such period, be nominated on the application of Sellers’ Agent or Purchaser by the chairman of the managing board of the Institute of Auditors (Sprecher des Vorstands des Instituts der
Wirtschaftsprüfer e.V.), Düsseldorf. The expert shall act as an expert and not as an arbitrator and his decision shall be final and binding upon the Parties subject to section 319 (1) BGB. 

  

	12.4	Access to Information after Closing 

 After the
Closing Date, the Purchaser shall afford to the Sellers and their representatives access, upon reasonable advance notice, to accounting, financial and other records (and allow them to make copies thereof), as well as to other information,
management, employees and auditors of the Companies to the extent necessary for the Sellers in connection with any audit, investigation, dispute or litigation or any other reasonable business purpose of the Sellers. The Purchaser shall keep, and
procure that the Companies will keep, all books and records relating to any period prior to the later of the Closing Date and 31 December 2006 in accordance with and during the periods required under applicable law. 
  

	12.5	Use of Certain Names 

  

	12.5.1	The Purchaser shall ensure that after expiry of an interim period of 12 (twelve) months after the Closing Date, all Companies cease to use (as part of its corporate or trade name,
internet domains or otherwise) the “Evotec” name or any logo, trademark, trade name or other derivation therefrom. The Purchaser shall cause, at the end of the afore-mentioned interim period, the Companies to remove or obliterate the
“Evotec” name and marks from their signs, purchase orders, invoices, sales orders, labels, letterheads, shipping documents and other items and materials of the business and otherwise, and shall procure that after that time no such items
and materials are put into use which bear similarity to the “Evotec” name, marks or logo. Immediately upon termination of the above interim period, the Purchaser shall confirm to Seller 1 by written notice that he has fulfilled his
obligation pursuant to this section 12.5.1. 

  

	12.5.2	The Purchaser agrees that the Sellers shall have no responsibility for claims by a Third Party arising out of, or relating to, the use of the “Evotec” name or marks by the
Purchaser or the Companies or any of their Affiliates within the scope provided for under section 12.5.1, and the Purchaser undertakes to indemnify and hold harmless the Sellers from and against any such Third Party claims. 

 

 - 64 - 

	12.6	Maintenance of Core Business in Hamburg 

 The
Purchaser shall not, within a period of 12 (twelve) months following the Closing Date, relocate the core business of the Company from Hamburg, it being understood that such core business encompasses the research, development and manufacturing
operations for the Opera and Cytoclone products. The Purchaser may elect to relocate selected portions of the business as currently carried out by the Companies. 
  

	12.7	Transition of Business 

 Upon request of the
Purchaser, Seller 1 agrees to support, to the extent permissible by law, any potential hiring of Seller 1’s personnel by the Company that is presently dedicated exclusively to the Company’s business. 
  

	12.8	Restrictive Covenant 

 Seller 1 undertakes not
to and to procure that its Affiliates will not, for the period ending three years after the Closing Date: 
  

	 	•	 	 be engaged in carrying on any activity of the Companies to the extent that such activity is or would be in competition with the Companies’ activities as
carried on at the Closing Date; or 

  

	 	•	 	 take any direct or indirect interest in any competing enterprise or furthering the activities of any competing enterprise by any act except for the acquisition (for
purposes of investment) of not more than 5% of the issued shares of any company or companies quoted on a stock exchange. 

  

	12.9	Cooperation with respect to Public Grants 

 Seller 1 and Purchaser hereby undertake, for a period of 6 (six) months following the Signing Date, to fully cooperate and use their best efforts to notify and contact the relevant authorities with respect to the public grants listed
in Exhibit 12.9 (a) in order to prevent revocation of already committed public grants or repayment of public grants already received by the Company in connection with the transactions contemplated under this Agreement or the
intended use (Verwertung) of the Intellectual Property Rights by the Purchaser or any of its Affiliates outside of the European Union as described in Exhibit 12.9 (b). 
  

 - 65 - 

	12.10	Cooperation with respect to the Measures 

 The
Sellers shall cooperate with the Purchaser and the Shareholder Loans Purchaser in good faith regarding the Measures. The documents drafted by or on behalf of the Sellers for the implementation of the Measures shall only be used after such documents
have been discussed with the Purchaser and its advisors in good faith. 
 SECTION 13 
 CONFIDENTIALITY AND PUBLIC COMMUNICATION 
  

	13.1	Confidentiality Undertaking; Press Releases; Public Disclosure 

 The Parties mutually undertake to keep the existence and the contents of this Agreement secret and confidential vis-à-vis any Third Party (with the exception of the Companies) except to the extent that the
relevant facts are publicly known or disclosure is required by law or applicable stock exchange or other regulatory requirements. In such case, the Parties shall, however, inform each other prior to such disclosure and shall limit any disclosure to
the minimum required by law or applicable stock exchange or other regulatory requirements. No press releases or other public communication regarding the transactions contemplated by this Agreement shall be made by either Party without the prior
written consent of the other Parties. 
  

	13.2	Confidentiality upon Termination 

 In the unlikely
event that this Agreement is terminated without the Closing having been consummated, the Purchaser and the Purchaser’s Guarantor undertake to keep confidential all information received from the Sellers or the Companies in connection with the
transactions contemplated by this Agreement and to return all documents and information embodied otherwise which they received from the Sellers or any of the Companies, together with any copies thereof, and to destroy all documents and information
embodied otherwise it produced based on information received from the Sellers, unless such information is in the public domain without breach of a confidentiality obligation towards the Sellers. The Purchaser and the Purchaser’s Guarantor shall
not be entitled to any retention right with respect to such documents or information. 
  

 - 66 - 

 SECTION 14 
 PURCHASER’S GUARANTOR 
 The
Purchaser’s Guarantor hereby guarantees by way of an independent promise of guarantee pursuant to section 311 (1) BGB (selbständiges Garantieversprechen i.S.d. § 311 Abs. 1 BGB) the proper fulfillment of all of the
obligations of the Purchaser and the Shareholder Loans Purchaser pursuant to this Agreement, in particular, but not limited to, the payment of the Preliminary Purchase Price on the Closing Date. 
 SECTION 15 
 COSTS AND TAXES 
 All transfer taxes, (including real estate transfer taxes, if
any), stamp duties, fees (including notarial fees for the notarization of this Agreement), registration duties and any other charges and costs payable in connection with the execution of this Agreement and the implementation of the transactions
contemplated hereby shall be borne by the Purchaser. All charges, costs and fees which result from the filings under the merger control laws shall be borne by the Purchaser. Each Party shall bear its own expenses, including the costs and fees of its
advisors, incurred in connection with this Agreement; section 4.3 sentence 3 of this Agreement shall remain unaffected. 
 SECTION 16 
 NOTICES 
  

	16.1	Form of Notices 

 All declarations, notices or other
communications hereunder (hereinafter referred to as the “Notices”) shall be made in writing in the English language and delivered by hand or by courier or by facsimile to the person at the addresses set forth below, or such other
addresses as may be designated by the respective Party to the other Parties in the same manner: 
  

	 	(a)	as to Seller 1 and Sellers’ Agent: 

 Evotec AG

 Attn.: Chief Financial Officer / Head of Legal 
 Schnackenburgallee 114 
 D-22525 Hamburg 
 Fax-no.: + 49 (40) 560 81 333 
  

 - 67 - 

	 	(b)	as to Seller 2: 

 Pfizer Inc. 
 Attn.: Allen Waxman, Senior Vice President and General Counsel 
 235 East 42nd Street 
 New York 
 N.Y. 10117 
 USA 
 Fax no.: +1 (212) 309 0564 
  

	 	•	 	 with regard to all Notices or other communications to the Sellers collectively or individually with a copy to: 

 Freshfields Bruckhaus Deringer 
 Attn.:
Dr. Christoph H. Seibt 
 Alsterarkaden 27 
 D-20354 Hamburg 
 Fax no.: +49 (40) 36 90 62 05 
  

	 	(c)	as to the Purchaser, the Shareholder Loans Purchaser or the Purchasers’ Guarantor 

 Perkin Elmer, Inc. 
 Attn.: Jack Healy 
 45 William Street 
 Wellesley 
 MA 02481 
 USA 
 Fax no.: +1 (781) 4314115 
  

	 	•	 	 with regard to all Notices or other communications to the Purchaser, the Shareholder Loans Purchaser and/or the Purchaser’s Guarantor with a copy to:

 Lovells 
 Attn.: Dr. Lutz Angerer 
 Karl-Scharnagl-Ring 5 
 D-80539 Munich 
 Fax no: +49 (89) 29012 222 
  

	16.2	Change of Address 

 The Parties are to, without
being legally obliged to, communicate any change of their respective addresses set forth in section 16.1 as soon as possible in writing to the respective other Parties. Until such communication, the address as hitherto shall be relevant. 

 

 - 68 - 

	16.3	Copies to Advisors 

 The receipt of copies of
Notices by the Parties’ advisors shall not constitute or substitute the receipt of such Notices by the Parties themselves. Any Notice shall be deemed received by a Party regardless of whether any copy of such Notice has been sent to or received
by an advisor of such Party or the acting notary, irrespective of whether the delivery of such copy was mandated by this Agreement. 
 SECTION 17 
 INSURANCE 
 If and to the extent insurance policies have been taken out by Seller 1 as policy holder (Versicherungsnehmer) for the benefit of the Companies
(für fremde Rechnung) Seller 1 shall be entitled to terminate any such insurance policy with effect as of the later of the Closing Date and the Effective Date. Following this date, it shall be the sole responsibility of the Purchaser to
provide appropriate insurance coverage for each of the Companies and their respective businesses. 
 SECTION 18 

 MISCELLANEOUS 
  

	18.1	Governing Law 

 This Agreement shall be governed by,
and construed in accordance with, the laws of Germany, excluding the United Nations Convention on Contracts for the International Sale of Goods (CISG) and the German conflict of laws rules. 
  

	18.2	Arbitration 

  

	18.2.1	In the event of disputes regarding the correctness of the Q4 Financial Statements, sections 5.3-5.6 shall apply. 

  

	18.2.2	 All other disputes, controversies or claims arising from or in connection with this Agreement (including questions concerning validity) shall be finally and
exclusively settled in accordance with the arbitration rules of the German Institution 

  

 - 69 - 

	 	 
of Arbitration e.V. (DIS) without recourse to the ordinary courts of law except for interim proceedings (vorläufiger Rechtsschutz). The arbitral
tribunal shall consist of three arbitrators. The place of arbitration shall be Hamburg. The arbitration proceedings shall be conducted in the German language but written evidence (Beweismittel) may also be submitted in English.

  

	18.2.3	In the event that applicable mandatory law requires any matter arising out of or in connection with this Agreement and its implementation to be decided by an ordinary court of law,
the competent court in Hamburg shall have the exclusive jurisdiction. 

  

	18.3	No Right to Set-off 

 Any right of the Purchaser to
set-off and/or to withhold any payments due under this Agreement is hereby expressly waived and excluded except for claims which are undisputed or res iudicatae. 
  

	18.4	Assignment of Rights and Undertakings 

 Without the
prior written consent of the other Parties, no Party shall be entitled to assign, in whole or in part, any rights and obligations under this Agreement. The Sellers hereby consent to the assignment by the Purchaser or the Shareholder Loans Purchaser
of any rights and obligations under this Agreement to any Affiliate of the Purchaser or the Shareholder Loans Purchaser, as the case may be. 
  

	18.5	Amendments and Supplementations 

 Any amendment or
supplementation of this Agreement, including of this section 18.5, shall be valid only if made in writing, except where a stricter form (e.g. notarization) is required under applicable law. 
  

	18.6	Language 

 This Agreement is written in the English
language (except that Exhibits may be partly in the German language). If the English legal meaning differs from the German legal meaning of this Agreement and its terms, the German meaning shall prevail. Terms to which a German translation has been
added shall be interpreted throughout this Agreement in the meaning assigned to them by the German translation. 
  

	18.7	Headings 

 The headings and sub-headings in this
Agreement are inserted for convenience and reference purposes only and shall not affect the interpretation of this Agreement. 
  

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	18.8	Entire Agreement 

 This Agreement, including the
Exhibits attached hereto which form an integral part of the Agreement, constitutes the full understanding of the Parties and the complete and exclusive statements of the terms and conditions of the Parties’ agreements relating to the subject
matter hereof and supersedes any and all prior agreements and understandings, whether written or oral, that may exist between the Parties with respect to the subject matter of this Agreement or parts thereof. 
  

	18.9	Severability 

 Should any provision of this
Agreement be or become invalid, ineffective or unenforceable as a whole or in part, the validity, effectiveness and enforceability of the remaining provisions shall not be affected thereby. The Parties shall replace such invalid, ineffective or
unenforceable provision by such valid, effective and enforceable provision as comes closest to the economic intent and the purpose of such invalid, ineffective or unenforceable provision as regards subject-matter, amount, time, place and extent. The
aforesaid shall apply mutatis mutandis to any gap in this Agreement. 
  

	18.10	No Third Party Rights 

 This Agreement shall not
grant any rights to, and is not intended to operate for, the benefit of Third Parties unless otherwise explicitly provided for herein. Wherever under this Agreement (i) any party other than the Purchaser or the Shareholder Loans Purchaser is to
be indemnified by the Sellers, or (ii) any party other than the Sellers is to be indemnified by the Purchaser, such other parties, in particular the Companies, are not entitled to bring any claims for indemnification against the Sellers, the
Purchaser or the Shareholder Loans Purchaser, as the case may be (kein echter Vertrag zu Gunsten Dritter). 
  

 - 71 -364-Day Revolving Credit Agreement

 Exhibit 10.29 
 EXECUTION COPY 
  
  
  
 U.S. $2,000,000,000 
 364-DAY REVOLVING CREDIT AGREEMENT 
 Dated as of March 18, 2008 
 Among 
 ORACLE CORPORATION 
 as the Borrower, 
 THE LENDERS NAMED HEREIN 
 as the Initial Lenders 
 and 
 WACHOVIA BANK, NATIONAL ASSOCIATION

 as Administrative Agent 
 and 
 BANK OF AMERICA, N.A. 
 as Syndication Agent 
 and 
 ABN AMRO BANK N.V., BNP PARIBAS, THE BANK OF TOKYO MITSUBISHI UFJ, 
 LTD.,
CITICORP USA, INC., MIZUHO CORPORATE BANK, LTD. 
 and 
 MORGAN STANLEY BANK 
 as Documentation Agents 
  
  
  
 BANC OF AMERICA SECURITIES LLC 

as Joint Lead Arranger 
 WACHOVIA
CAPITAL MARKETS, LLC 
 as Joint Lead Arranger and Sole Bookrunner 

 TABLE OF CONTENTS 
  

					
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS	  	 
			
	 Section 1.01.
	  	Certain Defined Terms	  	1
	 Section 1.02.
	  	Computation of Time Periods	  	14
	 Section 1.03.
	  	Accounting Terms; Terms Generally	  	15
		
	ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES	  	
			
	 Section 2.01.
	  	The Advances	  	15
	 Section 2.02.
	  	Making the Advances	  	16
	 Section 2.03.
	  	Fees	  	17
	 Section 2.04.
	  	Termination or Reduction of the Commitments	  	18
	 Section 2.05.
	  	Optional Extension of the Termination Date	  	18
	 Section 2.06.
	  	Repayment of Advances	  	19
	 Section 2.07.
	  	Interest	  	19
	 Section 2.08.
	  	Interest Rate Determination	  	20
	 Section 2.09.
	  	Optional Conversion of Advances	  	21
	 Section 2.10.
	  	Optional Prepayments of Advances	  	21
	 Section 2.11.
	  	Increased Costs; Additional Reserve Requirements	  	22
	 Section 2.12.
	  	Illegality	  	23
	 Section 2.13.
	  	Payments and Computations	  	23
	 Section 2.14.
	  	Taxes	  	24
	 Section 2.15.
	  	Mitigation Obligations; Replacement of Lenders.	  	26
	 Section 2.16.
	  	Sharing of Payments, Etc.	  	27
	 Section 2.17.
	  	Compensation for Breakage Costs.	  	27
	 Section 2.18.
	  	Use of Proceeds	  	27
	 Section 2.19.
	  	Evidence of Debt	  	28
		
	ARTICLE III [RESERVED]	  	
		
	ARTICLE IV CONDITIONS TO LENDING	  	
			
	 Section 4.01.
	  	Conditions Precedent to Effective Date	  	29
	 Section 4.02.
	  	Conditions Precedent to Each Borrowing	  	30
	 Section 4.03.
	  	Determinations Under Section 4.01	  	30
		
	ARTICLE V REPRESENTATIONS AND WARRANTIES	  	
			
	 Section 5.01.
	  	Representations and Warranties of the Borrower	  	31
		
	ARTICLE VI COVENANTS OF THE BORROWER	  	
			
	 Section 6.01.
	  	Affirmative Covenants	  	33

  

 i 

					
	 Section 6.02.
	  	Negative Covenants	  	36
		
	ARTICLE VII EVENTS OF DEFAULT	  	
			
	 Section 7.01.
	  	Events of Default	  	38
		
	ARTICLE VIII THE AGENT	  	
			
	 Section 8.01.
	  	Appointment and Authority	  	41
	 Section 8.02.
	  	Rights as a Lender	  	41
	 Section 8.03.
	  	Exculpatory Provisions.	  	41
	 Section 8.04.
	  	Reliance by Agent	  	42
	 Section 8.05.
	  	Delegation of Duties	  	42
	 Section 8.06.
	  	Resignation of Agent	  	42
	 Section 8.07.
	  	Non-Reliance on Agent and Other Lenders	  	43
	 Section 8.08.
	  	No Other Duties, etc.	  	43
		
	ARTICLE IX MISCELLANEOUS	  	
			
	 Section 9.01.
	  	Amendments, Etc.	  	44
	 Section 9.02.
	  	Notices; Effectiveness; Electronic Consent.	  	45
	 Section 9.03.
	  	No Waiver; Remedies	  	46
	 Section 9.04.
	  	Expenses; Indemnity; Damage Waiver	  	46
	 Section 9.05.
	  	Right of Set-off	  	47
	 Section 9.06.
	  	Binding Effect	  	48
	 Section 9.07.
	  	Assignments and Participations	  	48
	 Section 9.08.
	  	Governing Law	  	52
	 Section 9.09.
	  	Counterparts; Integration; Electronic Execution	  	52
	 Section 9.10.
	  	Jurisdiction, Etc.	  	52
	 Section 9.11.
	  	Waiver of Jury Trial	  	53
	 Section 9.12.
	  	Confidentiality.	  	53
	 Section 9.13.
	  	Patriot Act Notice	  	54

  

 ii 

			
	 Schedules
	  	
		
	 Schedule 1A
	  	- List of Applicable Lending Offices
		
	 Schedule 2.01
	  	- Commitments
		
	 Exhibits
	  	
		
	 Exhibit A
	  	- Form of Promissory Note
		
	 Exhibit B
	  	- Form of Notice of Borrowing
		
	 Exhibit C
	  	- Form of Assignment and Acceptance
		
	 Exhibit D-1
	  	- Form of Opinion of In-House Counsel for the Borrower
		
	 Exhibit D-2
	  	- Form of Opinion of Davis Polk & Wardwell, Counsel for the Borrower
		
	 Exhibit E
	  	- Form of Extension Notice

  

 iii 

 364-DAY REVOLVING CREDIT AGREEMENT 
 Dated as of March 18, 2008 
 Oracle Corporation, a Delaware corporation
(the “Borrower”), and the banks, financial institutions, other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, Wachovia Bank, National Association (“Wachovia”) as
administrative agent (in such capacity, the “Agent”), Bank of America, N.A. (“Bank of America”), as syndication agent, and ABN Amro Bank, N.V., BNP Paribas, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citicorp USA,
Inc., Mizuho Corporate Bank, Ltd. and Morgan Stanley Bank, as documentation agents, Banc of America Securities LLC, as a joint lead arranger and Wachovia Capital Markets, LLC, as a joint lead arranger and sole bookrunner, agree as follows:

 ARTICLE I 
 DEFINITIONS AND
ACCOUNTING TERMS 
 Section 1.01. Certain Defined Terms. As used in this Agreement, the following terms shall have the following
meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Additional
Permitted Liens” means Liens on the assets of the Borrower or any of its Subsidiaries, not otherwise permitted hereunder, consisting solely of real property interests, cash and cash equivalents and any proceeds thereof; provided that
the aggregate value of all assets subject to such Liens shall not exceed $500,000,000 at any time, based upon the book value of such assets determined at the time such Lien attaches. 
 “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Agent. 
 “Advance” means an advance by a Lender to the Borrower as part of a Borrowing under the Commitments and refers to a Base Rate Advance or
a Eurodollar Rate Advance (each of which shall be a “Type” of Advance). 
 “Affiliate” means, with respect
to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agent” has the meaning specified in the introductory paragraph of this Agreement. 
 “Agent’s Account” means an account at Wachovia designated in writing to the Borrower. 
 “Agreement” means this Agreement. 

 “Applicable Facility Fee”, “Applicable Margin” and “Applicable
Utilization Fee” means a rate per annum, determined by reference to the Public Debt Rating in effect from time to time as set forth in the grid below: 
  

										
	 Public Debt Rating
 S&P or Fitch/Moody’s
	  	Applicable
Margin	 	 	Applicable
Facility Fee	 	 	Applicable
Utilization Fee	 
	 Level I
 3 A or A2
	  	0.135	%	 	0.040	%	 	0.050	%
	 Level II
 A- or A3
	  	0.150	%	 	0.050	%	 	0.100	%
	 Level III
 BBB+ or Baa1
	  	0.240	%	 	0.060	%	 	0.100	%
	 Level IV
 BBB or Baa2
	  	0.320	%	 	0.080	%	 	0.100	%
	 Level V
 £ BBB- or Baa3
	  	0.500	%	 	0.125	%	 	0.125	%

 For purposes of the foregoing, (i) if both of Moody’s and S&P shall have in effect a
rating for the Public Debt Rating, then the Level shall be determined by reference to such Public Debt Ratings and the Public Debt Rating of Fitch shall be disregarded, (ii) if only one of Moody’s and S&P shall have in effect a rating
for the Public Debt Rating, then the Level shall be determined by reference to such Public Debt Rating and the Public Debt Rating of Fitch, (iii) if fewer than two of Moody’s, S&P and Fitch shall have in effect a Public Debt Rating,
then each rating agency that does not have in effect a Public Debt Rating shall be deemed to have established a rating in Level V; and (iv) if the ratings established or deemed to have been established by Moody’s and S&P (or, subject
to the foregoing clauses of this paragraph, Fitch) for the Public Debt Rating shall fall within different Levels, the applicable Level shall be based on the higher of the two ratings unless one of the two ratings is two or more Levels lower than the
other, in which case the applicable Level shall be determined by reference to the Level next below that of the higher of the two ratings. 
 “Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office in the case of a Base Rate Advance and such Lender’s Eurodollar Lending Office in the case of a Eurodollar Rate
Advance. 
 “Applicable Percentage” means at any time and with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment at such time. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any
assignments. 
 “Approved Fund” means (a) a CLO and (b) with respect to any Lender that is a Fund, any other Fund
that is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 
  

 2 

 “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender
and an Eligible Assignee (with the consent of any party whose consent is required by Section 9.07), and accepted by the Agent, in substantially the form of Exhibit C hereto or any other form approved by the Agent. 
 “Bank of America” has the meaning specified in the introductory paragraph of this Agreement. 
 “Base Rate” means, at any time, the higher of (x) the Prime Rate or (y) the rate which is 1/2 of 1% in excess of the Federal
Funds Effective Rate. 
 “Base Rate Advance” means an Advance that bears interest as provided in Section 2.07(a)(i).

 “Borrower” has the meaning specified in the introductory paragraph of this Agreement. 
 “Borrowing” means a borrowing consisting of simultaneous Advances of the same Type (or, in the case of Eurodollar Rate Advances, having
the same Interest Period) made by each of the Lenders pursuant to Section 2.01. 
 “Business Day” means a day of the
year on which banks are not required or authorized by law to close in New York City or Charlotte, North Carolina; provided that, if the applicable Business Day relates to any Eurodollar Rate Advances, “Business Day” means a day of
the year on which banks are not required or authorized by law to close in New York City and on which dealings are carried on in the London interbank market. 
 “Capitalization Ratio” means, as of the last day of any fiscal quarter of the Borrower, the ratio, expressed as a percentage, of (i) Total Consolidated Net Debt of the Borrower and its
Subsidiaries on such date to (ii) Total Capitalization of the Borrower and its Subsidiaries on such date. 
 “Change in
Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the
administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 
 “CLO” means any entity (whether a corporation, partnership, trust or otherwise) that is engaged in making, purchasing, holding or
otherwise investing in bank loans and similar extensions of credit in the ordinary course of its business and is administered or managed by a Lender or an Affiliate of such Lender. 
 “Commitment” has the meaning specified in Section 2.01. 
  

 3 

 “Commitment Period” means the period from and including the Effective Date to the
Termination Date. 
 “Consolidated” refers to the consolidation of accounts in accordance with GAAP. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a
Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 
 “Covenant Debt” of any Person means Debt of such Person and its Subsidiaries on such date, as would be shown as debt or indebtedness of
such Person on a balance sheet of such Person prepared as of such date in accordance with GAAP, and all guarantees of Debt of other Persons as would be shown as debt or indebtedness of such Person on a balance sheet of such other Persons prepared as
of such date in accordance with GAAP, determined on a Consolidated basis. 
 “Convert”, “Conversion”, and
“Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08, 2.09 or 2.12. 
 “Current Termination Date” has the meaning specified in Section 2.05. 
 “Debt” of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services (other than trade
payables incurred in the ordinary course of such Person’s business for which collection proceedings have not been commenced, provided that trade payables for which collection proceedings have commenced shall not be included in the term
“Debt” so long as the payment of such trade payables is being contested in good faith and by proper proceedings and for which appropriate reserves are being maintained) to the extent included on the Consolidated balance sheet of the
Borrower and its Subsidiaries in accordance with GAAP, (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all obligations of such Person created or arising under any conditional sale
or other similar title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such
property) to the extent included on the Consolidated balance sheet of the Borrower and its Subsidiaries in accordance with GAAP, (e) all obligations of such Person as lessee under leases that have been or should be, in accordance with GAAP,
recorded as capital leases, (f) all obligations of such Person in respect of acceptances, letters of credit with respect to which to such Person is the account party or similar extensions of credit to such Person, (g) the aggregate net
obligations of such Person in respect of Hedge Agreements; provided that, for purposes of this clause (g), Debt of the Borrower and its Subsidiaries shall only include net obligations of the Borrower and its Subsidiaries in respect of Hedge
Agreements in an aggregate amount in excess of $50,000,000 as set forth on the 

  

 4 

 
Consolidated balance sheet of the Borrower and its Subsidiaries, as of the date of determination, in accordance with GAAP, (h) all Debt of others
referred to in clauses (a) through (g) above or clause (i) below guaranteed, by such Person, or in effect guaranteed by such Person, directly or indirectly, through a written agreement either (1) to pay or purchase such Debt or
to advance or supply funds for the payment or purchase of such Debt or (2) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Debt
or to assure the holder of such Debt against loss and (i) all Debt referred to in clauses (a) through (h) above secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any
Lien on property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Debt. In determining the amount of Debt of any Person of the type
referred to in clause (h) or (i) above, the amount thereof shall be equal to the lesser of (i) the amount of the guarantee provided or the fair market value of collateral pledged (as applicable) and (ii) the amount of the
underlying Debt of such other Person so guaranteed or secured. 
 “Default” means any Event of Default or any event that
would constitute an Event of Default but for the requirement that notice be given or time elapse or both. 
 “Dollars” and
the sign “$” means the lawful money of the United States of America. 
 “Domestic Lending Office” means,
with respect to any Lender, the office of such Lender specified as its “Domestic Lending Office” opposite its name on Schedule 1A hereto or in the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such
Lender as such Lender may from time to time specify to the Borrower and the Agent. 
 “Effective Date” means the date that
all conditions precedent set forth in Section 4.01 shall have been satisfied or waived. 
 “Eligible Assignee” means
(a) a Lender, (b) an Affiliate of a Lender, (c) an Approved Fund, (d) a commercial bank organized under the laws of the United States, or any State thereof, and having a combined capital and surplus of at least $250,000,000;
(e) a savings and loan association or savings bank organized under the laws of the United States, or any State thereof, and having a combined capital and surplus of at least $250,000,000; (f) a commercial bank organized under the laws of
any other country that is a member of the OECD or has concluded special lending arrangements with the International Monetary Fund associated with its General Arrangements to Borrow or a political subdivision of any such country, and having a
combined capital and surplus of at least $250,000,000, so long as such bank is acting through a branch or agency located in the United States; (g) a finance company, insurance company or other financial institution or fund (whether a
corporation, partnership, trust or other entity) that is engaged in making, purchasing or otherwise holding commercial loans in the ordinary course of its business and having a combined capital and surplus of at least $250,000,000 or an Approved
Fund thereof and (h) any other Person (other than a natural person) 

  

 5 

 
approved by (i) the Agent, and (ii) unless an Event of Default has occurred and is continuing, the Borrower (each such approval not to be
unreasonably withheld or delayed and such approval to be deemed to have been given if a response is not received within fifteen Business Days from the date on which request for approval was received by the applicable Person); provided that
notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or Subsidiaries. 
 “Environmental Action” means any action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order
or consent agreement relating in any way to any Environmental Law, Environmental Permit or Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment, including, without limitation, (a) by any
Governmental Authority for enforcement, cleanup, removal, response, remedial or other actions or damages and (b) by any Governmental Authority or any third party for damages, contribution, indemnification, cost recovery, compensation or
injunctive relief. 
 “Environmental Law” means any federal, state, local or foreign statute, law, ordinance, rule,
regulation, code, order, judgment, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment, health, safety or natural resources, including, without limitation, those relating to the use,
handling, transportation, treatment, storage, disposal, release or discharge of Hazardous Materials. 
 “Environmental
Permit” means any permit, approval, identification number, license or other authorization required under any Environmental Law. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member of the Borrower’s controlled group, or under
common control with the Borrower, within the meaning of Section 414 of the Internal Revenue Code. 
 “ERISA Event”
means (a) the occurrence of a reportable event, within the meaning of Section 4043 of ERISA, with respect to any Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC; (b) the application for
a minimum funding waiver with respect to a Plan; (c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect to a plan
amendment referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a facility of the Borrower or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; (e) the incurrence by the
Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal by the Borrower or any ERISA Affiliate from a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in
Section 4001(a)(2) of ERISA; (f) the imposition of a lien under Section 302(f) 

  

 6 

 
of ERISA with respect to any Plan; (g) the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to
Section 307 of ERISA; or (h) the institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that is reasonably
expected to result in the termination of, or the appointment of a trustee to administer, a Plan. 
 “Eurocurrency
Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time. 
 “Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender specified as its “Eurodollar Lending Office” opposite its name on Schedule 1A hereto or in the
Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending Office), or such other office of such Lender as such Lender may from time to time specify to the Borrower and the Agent.

 “Eurodollar Rate” means the rate per annum determined by the Agent at approximately 11:00 A.M. (London time) on the date
which is two Business Days prior to the beginning of the relevant Interest Period (as specified in the applicable Notice of Borrowing) by reference to the British Bankers’ Association Interest Settlement Rates for deposits in Dollars (as set
forth by any service selected by the Agent which has been nominated by the British Bankers’ Association as an authorized information vendor for the purpose of displaying such rates), for a period equal to such Interest Period; provided
that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Eurodollar Rate” shall be the interest rate per annum determined by the Agent to be the average of the rates per
annum at which deposits in Dollars are offered for such relevant Interest Period to major banks in the London interbank market in London, England by the Reference Lenders at approximately 11:00 A.M. (London time) on the date which is two Business
Days prior to the beginning of such Interest Period. If any of the Reference Lenders shall be unable or shall otherwise fail to supply such rates to the Agent upon its request, the rate of interest shall be determined on the basis of the quotations
of the remaining Reference Lender. 
 “Eurodollar Rate Advance” means an Advance that bears interest as provided in
Section 2.07(a)(ii). 
 “Event of Default” has the meaning specified in Section 7.01. 
 “Excluded Taxes” means, with respect to the Agent, any Lender, or any other recipient of any payment to be made by or on account of any
obligation of the Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof)
under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its Applicable Lending Office is located, (b) any branch profits taxes 

  

 7 

 
imposed by the United States of America or any similar tax imposed by any other jurisdiction in which the Borrower is located and (c) in the case of a
Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section 2.15(b)), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or
designates a new lending office) or is attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with Section 2.14(e), except to the extent that such Foreign Lender (or its assignor,
if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.14(a). 
 “Extending Lender” has the meaning specified in Section 2.05. 
 “Extension Consent Date” has the meaning specified in Section 2.05. 
 “Extension Notice” has the meaning specified in Section 2.05. 
 “Federal Funds Effective Rate” means, for any period, a fluctuating interest rate equal for each day during such period to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the
Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing
selected by the Agent. 
 “Fitch” means Fitch Ratings Ltd. 
 “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is resident
for tax purposes. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 
 “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing
in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “GAAP” has the meaning
specified in Section 1.03. 
 “Governmental Authority” means the government of the United States of America or any
other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Granting Lender” has the meaning specified in Section 9.07(g). 
  

 8 

 “Hazardous Materials” means (a) petroleum and petroleum products, byproducts or
breakdown products, radioactive materials, asbestos-containing materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials or substances designated, classified or regulated as hazardous or toxic or as a pollutant
or contaminant under any environmental law, statute or regulation. 
 “Hedge Agreements” means interest rate swap, cap or
collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar interest rate or currency exchange rate hedging agreements. 
 “Immaterial Subsidiary” means any Subsidiary of the Borrower (determined, solely for purposes of this definition, without regard to the
last sentence of the definition thereof), designated by the Borrower in writing to the Agent (a) the assets of which do not exceed 3% of the total Consolidated assets of the Borrower and its Subsidiaries, (b) the net income of which does
not exceed 3% of the total Consolidated net income of the Borrower and its Subsidiaries and (c) the revenues of which do not exceed 3% of the total Consolidated revenues of the Borrower and its Subsidiaries, in each case as determined as of, or
(as applicable) for the four fiscal quarters most recently ended on, the last day of the most recently ended fiscal quarter of the Borrower and in accordance with GAAP. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes. 
 “Indemnitee”
has the meaning specified in Section 9.04(b). 
 “Initial Lenders” has the meaning specified in the introductory
paragraph of this Agreement. 
 “Intellectual Property” means all trademarks, service marks, trade names, Internet domain
names (as defined under 15 U.S.C. § 1127), designs, logos, slogans, and general intangibles of like nature, together with all goodwill, registrations and applications related to the foregoing; all inventions (whether patentable or
unpatentable and whether or not reduced to practice); patents and industrial designs (including any continuations, divisionals, continuations-in-part, renewals, reissues, and applications for any of the foregoing); copyrights (including any
registrations and applications for any of the foregoing); Software; “mask works” (as defined under 17 U.S.C. § 901) and any registrations and applications for “mask works”; technology, trade secrets, know-how, processes,
formulae, algorithms, models, methodologies, discoveries, improvements, specifications and other proprietary or confidential information; database and data rights; drawings, records, books or other indicia, however evidenced, of the foregoing;
rights of publicity and privacy relating to the use of the names, likenesses, voices, signatures and biographical information of real persons; lists or other information relating to customers, competitors, suppliers or any other Person; in each case
the right to claims against another Person relating to the Intellectual Property; and in each case owned by the Borrower or any of its Subsidiaries on or after the Effective Date. 
  

 9 

 “Interest Period” means, for each Eurodollar Rate Advance comprising part of the same
Borrowing, the period commencing on the date of such Eurodollar Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurodollar Rate Advance and ending on the last day of the period selected by the Borrower pursuant to the
provisions below and, thereafter, with respect to Eurodollar Rate Advances, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower pursuant to
the provisions below. The duration of each such Interest Period shall be one, two, three or six months, as the Borrower may, upon notice received by the Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the
first day of such Interest Period, select; provided, however, that: 
 (a) the Borrower may not select any Interest Period that
ends after the Termination Date; 
 (b) Interest Periods commencing on the same date for Eurodollar Rate Advances comprising part of the same
Borrowing shall be of the same duration; 
 (c) whenever the last day of any Interest Period would otherwise occur on a day other than a
Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, however that, if such extension would cause the last day of such Interest Period to occur in the next
following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and 
 (d) whenever the first
day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such
Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month. 
 “Internal Revenue
Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “Joinder Agreement” has the meaning set forth in Section 2.05. 
 “Lenders” means the Initial Lenders as set forth on Schedule 2.01 and each Person that shall become a party hereto pursuant to Section 2.05 or 9.07. 
 “Lien” means any lien, security interest or other charge or encumbrance of any kind. 
 “Material Adverse Effect” shall mean the result of one or more events, changes or effects which, individually or in the aggregate, could
reasonably be expected to have a material adverse effect on (a) the results of operations or financial condition of the Borrower and its Subsidiaries, taken as a whole or (b) the validity or enforceability of this Agreement or the rights,
remedies and benefits available to the parties hereunder. 
  

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 “Moody’s” means Moody’s Investors Service, Inc. 
 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA
Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or accrued an obligation to make contributions. 
 “Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for
employees of the Borrower or any ERISA Affiliate and at least one Person other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which the Borrower or any ERISA Affiliate could have liability under
Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Non-Consenting Lender” has
the meaning specified in Section 9.01. 
 “Non-Extending Lender” has the meaning specified in Section 2.05.

 “Note” means a promissory note of the Borrower payable to the order of any Lender, delivered pursuant to a request made
under Section 2.19 in substantially the form of Exhibit A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Advances made by such Lender. 
 “Notice of Borrowing” has the meaning specified in Section 2.02(a). 
 “Other Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies
arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement. 
 “Participant” has the meaning specified Section 9.07(d). 
 “Patriot Act” means the Uniting
and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law October 26, 2001. 
 “PBGC” means the Pension Benefit Guaranty Corporation (or any successor). 
 “Permitted Liens” means, with respect to any Person, (a) Liens for taxes, assessments and governmental charges and levies to the extent not required to be paid under Section 6.01(b) hereof; (b) pledges or
deposits to secure obligations under workers’ compensation, unemployment, insurance and other social security laws or similar legislation; (c) pledges or deposits to secure performance in connection with bids, tenders, contracts (other
than contracts for the payment of money) or leases to which such Person is a party; (d) deposits to secure public or statutory obligations of such Person; (e) materialmen’s, mechanics’, carriers’, workers’,
repairmen’s and other like Liens in the ordinary course of business, or deposits to obtain the release of such Liens to the extent 

  

 11 

 
such Liens, in the aggregate, would not have a Material Adverse Effect; (f) deposits to secure surety and appeal bonds to which such Person is a party;
(g) other pledges or deposits for similar purposes in the ordinary course of business, including pledges and deposits to secure indemnity, performance or other similar bonds and in connection with insurance; (h) Liens created by or
resulting from any litigation or legal proceeding which at the time is currently being contested in good faith by appropriate proceedings; (i) leases made, or existing on property acquired, in the ordinary course of business;
(j) landlords’ Liens under leases to which such Person is a party; (k) zoning restrictions, easements, licenses, and restrictions on the use of real property or minor irregularities in title thereto, which, with respect to property
that is material to the Borrower and its Subsidiaries, taken as a whole, do not materially impair the use of such property in the operation of the business of such Person or the value of such property for the purpose of such business; (l) Liens
consisting of leases or subleases and licenses or sublicenses granted to others in the ordinary course of business not interfering in any material respect with the business of the Borrower and its Subsidiaries, taken as a whole, and any interest or
title of a lessor or licensor under any lease or license, as applicable; (m) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; and
(n) Liens which constitute a lender’s rights of set-off of a customary nature. 
 “Person” means any natural
person, corporation, limited liability company, trust, joint venture, association, company, partnership, governmental authority or other entity. 
 “Plan” means a Single Employer Plan or a Multiple Employer Plan. 
 “Prime Rate” means the rate of
interest per annum announced or established from time to time by Wachovia as its prime rate for dollars loaned in the United States in effect at its principal office in Charlotte, North Carolina. The Prime Rate is a reference rate and does not
necessarily represent the lowest or best rate actually charged to any customer. Wachovia or any other Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate. 
 “Prior Termination Date” has the meaning specified in Section 2.05. 
 “Public Debt Rating” means, as of any date, the lowest rating that has been most recently announced by any of S&P, Moody’s or
Fitch, as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by the Borrower. For purposes of the foregoing, (a) if any rating established by S&P, Moody’s or Fitch shall be changed, such change
shall be effective as of the date on which such change is first announced publicly by the rating agency making such change; and (b) if S&P, Moody’s or Fitch shall change the basis on which ratings are established, each reference to the
Public Debt Rating announced by S&P, Moody’s or Fitch, as the case may be, shall refer to the then equivalent rating by S&P, Moody’s or Fitch, as the case may be. 
 “Reference Lenders” means initially, Wachovia and Bank of America or, if Wachovia and Bank of America are unable to furnish timely
information in accordance with Section 2.08, then any other commercial bank of recognized national standing designated by the Agent as constituting a “Reference Lender” to replace Wachovia and/or Bank of America, as relevant.

  

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 “Register” has the meaning specified in Section 9.07(c). 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the directors, officers, employees, agents and
advisors of such Person and of such Person’s Affiliates. 
 “Required Lenders” means at any time Lenders owed at least
a majority in interest of the then aggregate Revolving Credit Exposures or, if no Advances are then outstanding, Lenders having at least a majority in interest of the Commitments. 
 “Requisite Amount” has the meaning specified in Section 7.01(d). 
 “Revolving Credit Exposure” means, with respect to any Lender at any time, the outstanding aggregate principal amount of such
Lender’s Advances at such time. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc. 
 “SEC” means the Securities and Exchange Commission. 
 “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for
employees of the Borrower or any ERISA Affiliate and no Person other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which the Borrower or any ERISA Affiliate could have liability under Section 4069 of
ERISA in the event such plan has been or were to be terminated. 
 “Software” means any and all (a) computer programs,
including any and all software implementation of algorithms, models and methodologies, whether in source code or object code form, (b) databases and compilations, including any and all data and collections of data, and (c) all
documentation, including user manuals and training materials, relating to any of the foregoing. 
 “SPC” has the meaning
specified in Section 9.07(g). 
 “Stockholders’ Equity” means, at any date, stockholders’ equity of the
Borrower and its Subsidiaries, determined on a Consolidated basis, on such date. 
 “Subsidiary” of any Person means any
corporation, partnership, joint venture, limited liability company, trust or estate of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors
of such corporation (irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of

  

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such limited liability company, partnership or joint venture or (c) the beneficial interest in such trust or estate, is at the time directly or
indirectly owned or Controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries. Notwithstanding the foregoing, references to “Subsidiary” in this Agreement
shall not include (i) Miracle Linux Kabushikigaisha (also known as Miracle Linux Corporation), a Japanese Kabushikigaisha or (ii) any other Person that would otherwise be a Subsidiary of the Borrower pursuant to the foregoing portion of
this definition and that the Borrower does not directly or indirectly Control; provided that, in the case of any such Person in clause (i) or (ii), such Person is also an Immaterial Subsidiary. 
 “Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed
by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Termination
Date” means, subject to the provisions of Section 2.05, the earlier of March 17, 2009 and the date of termination in whole of the Commitments pursuant to Section 2.04 or 7.01. 
 “Total Capitalization” of any Person on any date, means the sum of (i) Total Consolidated Net Debt of such Person on such date and
(ii) shareholders’ equity of such Person on such date, determined on a Consolidated basis. 
 “Total Consolidated Net
Debt” of any Person on any date, means (a) all Covenant Debt of such Person minus (b) cash, cash equivalents and short term investments reflected on the Consolidated balance sheet of the Borrower and its Subsidiaries for
such date. 
 “Total Consolidated Tangible Assets” means at any date total assets, other than intangible assets, of the
Borrower and its Subsidiaries determined on a Consolidated basis as of such date. 
 “Voting Stock” means capital stock
issued by a corporation, or equivalent interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even
if the right so to vote has been suspended by the happening of such a contingency. 
 “Wachovia” has the meaning specified
in the introductory paragraph of this Agreement. 
 Section 1.02. Computation of Time Periods. In this Agreement in the
computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”. 
  

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 Section 1.03. Accounting Terms; Terms Generally. All terms of an accounting or financial
nature shall be construed in accordance with generally accepted accounting principles (“GAAP”), as in effect in the United States from time to time, provided that, if the Borrower notifies the Agent that the Borrower requests
an amendment to any provision hereof to eliminate the effect of any change, occurring after the date hereof, in GAAP or in the application thereof (or if the Agent notifies the Borrower that the Required Lenders request an amendment of any provision
hereof for such purpose), regardless of whether such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be applied on the basis of GAAP as in effect and applied immediately before such change
shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context
may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”.
The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall
be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any
reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to
this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this
Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and
contract rights. 
 ARTICLE II 
 AMOUNTS AND TERMS OF THE ADVANCES 
 Section 2.01. The Advances. Each Lender severally agrees, on the terms and
conditions hereinafter set forth, to make Advances to the Borrower in Dollars from time to time on any Business Day during the Commitment Period in an aggregate amount that will not result in such Lender’s Revolving Credit Exposure exceeding at
any time the amount set forth opposite such Lender’s name on Schedule 2.01 hereto or, if such Lender has entered into any Assignment and Acceptance or Joinder Agreement, as set forth for such Lender in the Register maintained by the Agent
pursuant to Section 9.07(c), as such amount may be reduced pursuant to Section 2.04 (such Lender’s “Commitment”). Each Borrowing shall be in an aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in
excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of this Section 2.01, the Borrower may borrow under this Section 2.01,
prepay pursuant to Section 2.10 and reborrow under this Section 2.01. 
  

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 Section 2.02. Making the Advances. (a) The Borrower may borrow under the Commitments
during the Commitment Period on any Business Day, provided that each Borrowing shall be made on notice, given not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Borrowing in the case of
a Borrowing consisting of Eurodollar Rate Advances or the Business Day of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the Borrower to the Agent, which shall give to each Lender prompt notice thereof. Each
such notice of a Borrowing (a “Notice of Borrowing”) shall be by telephone, confirmed immediately in writing or by telecopier in substantially the form of Exhibit B hereto, specifying therein the requested (i) date of such
Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing (iv) remittance instructions and (v) in the case of a Borrowing consisting of Eurodollar Rate Advances, initial Interest Period
for each such Advance. Each Lender shall, before 1:00 P.M. (New York City time) on the date of such Borrowing, make available for the account of its Applicable Lending Office to the Agent at the Agent’s Account, in same day funds, such
Lender’s ratable portion of such Borrowing. After the Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article IV, the Agent will make such funds available to the Borrower at the Agent’s
address referred to in Section 9.02. 
 (b) [RESERVED]. 
 (c) [RESERVED]. 
 (d) [RESERVED]. 
 (e) Anything in subsection (a) above to the contrary notwithstanding, (i) the Borrower
may not select Eurodollar Rate Advances for any Borrowing if the aggregate obligation of the Lenders to make Eurodollar Rate Advances shall then be suspended pursuant to Section 2.08 or 2.12 and (ii) Eurodollar Rate Advances may not be
outstanding at any time as part of more than ten separate Borrowings. 
 (f) Each Notice of Borrowing shall be irrevocable and
binding on the Borrower. In the case of any Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any loss, cost or expense incurred by such Lender
as a result of any failure to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article IV, including, without limitation, any loss (excluding loss of anticipated profits),
cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such failure, is not
made on such date. 
  

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 (g) Unless the Agent shall have received notice from a Lender prior to the proposed time
of any Borrowing that such Lender will not make available to the Agent such Lender’s share of such Borrowing, the Agent may assume that such Lender has made such share available on such date in accordance with subsection (a) of this
Section 2.02 and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Agent, then such Lender and
the Borrower severally agree to pay to the Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the
Agent, at (i) in the case of a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation and (ii) in the case
of a payment to be made by the Borrower, the interest rate applicable to Base Rate Advances. If the Borrower and such Lender shall pay such interest to the Agent for the same or an overlapping period, the Agent shall promptly remit to the Borrower
the amount of such interest paid by the Borrower for such period. If such Lender pays such amount to the Agent, then such amount shall constitute such Lender’s Advance included in such Borrowing. Any payment by the Borrower shall be without
prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Agent. 
 (h)
The failure of any Lender to make the Advance to be made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Lender shall be responsible for
the failure of any other Lender to make the Advance to be made by such other Lender on the date of any Borrowing. 
 Section 2.03.
Fees. (a) Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a facility fee on the amount of such Lender’s Commitment in effect from time to time, whether used or unused (or, if any Advances
remain outstanding after the Termination Date, on the outstanding principal amount of such Lender’s Advances thereafter), to accrue from the Effective Date, in the case of each Initial Lender, and from the later of the Effective Date and the
effective date specified in the Assignment and Acceptance or Joinder Agreement pursuant to which it became a Lender, in the case of each other Lender, in each case, until the Termination Date (or, if later, the date that all Advances have been paid
in full), at a rate per annum equal to the Applicable Facility Fee in effect from time to time, payable in arrears quarterly on the last Business Day of each March, June, September and December before the Termination Date (or such later date, if
any, of payment), commencing with June, 2008, and on the Termination Date or, if later, the date that all Advances have been paid in full. 
 (b) Utilization Fee. The Borrower agrees to pay the Agent for the account of each Lender a utilization fee on the aggregate amount of such Lender’s Advances for any day on or after the Effective Date on
which the aggregate outstanding principal amount of Advances shall be greater than 50% of the aggregate Commitments at a rate per annum equal to the Applicable Utilization Fee in effect from time to time. The utilization fees, if any, in respect of
any fiscal quarter shall be payable in arrears quarterly on the last Business Day of each March, June, September and December before the Termination Date, commencing with June, 2008, and on the Termination Date. 
  

 17 

 (c) Agent’s Fees. The Borrower shall pay to the Agent for its own account
such fees as may from time to time be agreed in writing between the Borrower and the Agent. 
 Section 2.04. Termination or Reduction
of the Commitments. The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided
that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that the aggregate amount of the Commitments of the Lenders shall not be reduced
to an amount that is less than the sum of the total Revolving Credit Exposures then outstanding and provided further that once terminated, a Commitment may not be reinstated. 
 Section 2.05. Optional Extension of the Termination Date.(a) The Borrower may, not
more than sixty (60) days and not less than thirty (30) days prior to the Termination Date then in effect (the “Current Termination Date”), request through written notice to the Agent substantially in the form of Exhibit E
hereto (the “Extension Notice”), that the Lenders extend the Current Termination Date for an additional three hundred sixty-four (364) day period; provided, that in no event shall the Termination Date be extended beyond
March 15, 2011. The Agent shall promptly notify the Lenders of such Extension Notice. Each Lender, acting in its sole discretion, shall, by notice to the Agent given not earlier than the 45th day before the Current Termination Date and not later than the later of (x) the 3rd Business Day after such 45th day or (y) the 10th Business Day following the date such Extension Notice is delivered to the Agent (such later date, the “Extension Consent Date”), advise the Agent in writing of its desire to extend (any such Lender,
an “Extending Lender”) or not to so extend (any such Lender, a “Non-Extending Lender”) the Current Termination Date. Any Lender that does not advise the Agent by the Extension Consent Date shall be deemed to be a
Non-Extending Lender. No Lender shall be under any obligation or commitment to extend the Current Termination Date. The election of any Lender to agree to such extension shall not obligate any other Lender to agree to such extension. 
 (b) If (and only if) Lenders holding in the aggregate more than fifty percent (50%) of the aggregate Commitments on the Extension
Consent Date have agreed to such extension, then the Current Termination Date applicable to the Extending Lenders shall be extended to the date that is three hundred sixty-four days (364) after the Current Termination Date with respect to such
Extending Lenders. All Advances of each Non-Extending Lender shall be subject to the Current Termination Date, without giving effect to such extension (such date, the “Prior Termination Date”). In the event of an extension of the
Current Termination Date pursuant to this Section 2.05, the Borrower shall have the right, at its own expense, to solicit commitments from existing Lenders and/or additional Eligible Assignees which meet the requirements set forth in
Section 9.07(b) to replace the Commitment of any Non-Extending Lenders for the remaining 

  

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duration of this Agreement. Any such financial institution (if not already a Lender hereunder) shall become a party to this Agreement as a Lender pursuant to
a joinder agreement (a “Joinder Agreement”) in form and substance reasonably satisfactory to the Agent and the Borrower. The Commitment of each Non-Extending Lender shall terminate on the Prior Termination Date, all Advances and
other amounts payable hereunder to such Non-Extending Lender shall be subject to the Prior Termination Date and, to the extent such Non-Extending Lender’s Commitment is not replaced as provided above, the aggregate Commitments shall be reduced
by the amount of the Commitments of each such Non-Extending Lender so terminated on the Prior Termination Date. 
 Section 2.06.
Repayment of Advances. The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Advances then outstanding. 
 Section 2.07. Interest. (a) Scheduled Interest. The Borrower shall pay interest on the unpaid principal amount of each Advance
owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum: 
 (i) Base Rate Advances. During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the Base Rate in effect from time to time, payable in arrears quarterly on the last
Business Day of each March, June, September and December during such periods, commencing with June, 2008, for the period beginning on the Effective Date and then ended. 
 (ii) Eurodollar Rate Advances. During such periods as such Advance is a Eurodollar Rate Advance, a rate per annum equal at all
times during each Interest Period for such Advance to the sum of (x) the Eurodollar Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last day of
such Interest Period and, if such Interest Period has a duration of more than three months, on each Business Day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurodollar
Rate Advance shall be Converted or paid in full. 
 (b) Default Interest. The Agent may with the consent, or shall at
the direction, of the Required Lenders require that the Borrower pay interest (“Default Interest”) on (i) the unpaid principal amount of each overdue Advance owing to each Lender, payable in arrears on the dates referred to in
clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by law,
the amount of any interest, fee or other amount payable hereunder that is not paid when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on
demand, at a rate per annum equal at all times to 2% per annum above the rate 

  

 19 

 
per annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above, provided, however, that following acceleration of the
Advances pursuant to Section 7.01, Default Interest shall accrue and be payable hereunder whether or not previously required by the Agent. 
 Section 2.08. Interest Rate Determination. (a) Each Reference Lender agrees, if requested by the Agent, to furnish to the Agent timely information for the purpose of determining the Eurodollar Rate. If any of the Reference
Lenders shall not furnish such timely information to the Agent for the purpose of determining any such interest rate, the Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Lenders. The
Agent shall give prompt notice to the Borrower and the Lenders of the (i) applicable interest rate determined by the Agent for purposes of Section 2.07(a)(i) or (ii), and the rate, if any, furnished by each Reference Lender for the purpose
of determining the interest rate under Section 2.07(a)(ii). 
 (b) If, with respect to any Eurodollar Rate Advances, the
Required Lenders notify the Agent that the Eurodollar Rate for any Interest Period for such Advances will not adequately reflect the cost to such Required Lenders of making, funding or maintaining their respective Eurodollar Rate Advances for such
Interest Period, the Agent shall forthwith so notify the Borrower and the Lenders, whereupon (i) each Eurodollar Rate Advance will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Advance,
and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower and the Lenders that the circumstances causing such suspension no longer exist.

 (c) If the Borrower shall fail to select the duration of any Interest Period for any Eurodollar Rate Advances in accordance
with the provisions contained in the definition of “Interest Period” in Section 1.01, the Agent will forthwith so notify the Borrower and the Lenders and such Advances (unless repaid) will automatically, on the last day of the then
existing Interest Period therefor, continue for a new Interest Period with the same duration as the Interest Period then ending, subject to the definition of “Interest Period”. 
 (d) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances comprising any Borrowing shall be reduced, by
payment or prepayment or otherwise, to less than $10,000,000 such Advances shall automatically Convert into Base Rate Advances. 
 (e) Upon the occurrence and during the continuance of any Event of Default under Section 7.01(a), (i) each Eurodollar Rate Advance (unless repaid) will automatically, on the last day of the then existing Interest Period therefor,
Convert into a Base Rate Advance and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended. 
  

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 (f) If no Reference Lender determines and furnishes timely information to the Agent for
determining the Eurodollar Rate for any Eurodollar Rate Advances after the Agent has requested such information: 
 (i) the
Agent shall forthwith notify the Borrower and the Lenders that the interest rate cannot be determined for such Eurodollar Rate Advances, 
 (ii) each such Advance (unless repaid) will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Advance (or if such Advance is then a Base Rate Advance, will continue
as a Base Rate Advance), and 
 (iii) the obligation of the Lenders to make Eurodollar Rate Advances or to Convert Advances
into Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower and the Lenders that the circumstances causing such suspension no longer exist. 
 Section 2.09. Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the
date of the proposed Conversion and subject to the provisions of Sections 2.08 and 2.12, Convert all or a portion of all (comprising, in the case of any portion, a ratable portion of the respective Advances of each Lender and in an aggregate amount
not less than $10,000,000) Advances of one Type comprising the same Borrowing made to the Borrower into Advances of the other Type; provided, however, any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made
only on the last day of an Interest Period for such Eurodollar Rate Advances and any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $10,000,000. Each such notice of a Conversion shall, within the
restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances (or portions thereof) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period
for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower. 
 Section 2.10. Optional
Prepayments of Advances. The Borrower may, upon notice to the Agent not later than 11:00 A.M. (New York City time) on the proposed prepayment date for Base Rate Advances, and upon at least three Business Days’ notice for Eurodollar Rate
Advances, in each case stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay in whole or ratably in part the outstanding principal amount of the Advances comprising part of
the same Borrowing made to the Borrower together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in an aggregate principal amount
of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of Eurodollar Rate Advances, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to
Section 2.17. 
  

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 Section 2.11. Increased Costs; Additional Reserve Requirements. (a) If any Change in Law
shall: (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except any reserve
requirement referred to in clause (e) of this Section 2.11); (ii) subject any Lender to any tax of any kind whatsoever with respect to this Agreement or any Eurodollar Rate Advance made by it, or change the basis of taxation of
payments to such Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 2.14 and changes in the rate of any Excluded Tax payable by such Lender); or (iii) impose on any Lender or the London interbank
market any other condition, cost or expense affecting this Agreement or Eurodollar Rate Advances made by such Lender; and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Rate
Advance (or of maintaining its obligation to make any such Advance) or receivable by such Lender hereunder (whether of principal, interest or any other amount), then upon request of such Lender the Borrower will pay to such Lender such additional
amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 
 (b) If any
Lender determines that any Change in Law affecting such Lender or the Applicable Lending Office of such Lender or such Lender’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return
on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Advances made by such Lender or its obligations hereunder, to a level below that
which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy),
then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 
 (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case
may be, as specified in paragraph (a) or (b) of this Section 2.11 and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within
10 Business Days after receipt thereof. 
 (d) Failure or delay on the part of any Lender to demand compensation pursuant
to this Section 2.11 shall not constitute a waiver of such Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender pursuant to this Section 2.11 for any increased
costs incurred or reductions suffered more than nine months prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation
therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 
  

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 (e) The Borrower shall pay to each Lender, so long as such Lender shall be required to
maintain reserves (including, without limitation, reserves in respect of Eurocurrency Liabilities) with respect to Eurodollar Rate Advances, additional interest on the unpaid principal amount of any such Eurodollar Rate Advance equal to the actual
costs of such reserves allocated to such Advance by such Lender (as determined by such Lender in good faith), which shall be due and payable on each date on which interest is payable on such Advance, provided the Borrower shall have received
at least 10 days’ prior notice (with a copy to the Agent) of such additional interest from such Lender. If a Lender fails to give notice 10 days prior to the relevant interest payment date, such additional interest costs shall be due and
payable 10 days from receipt of such notice. 
 Section 2.12. Illegality. Notwithstanding any other provision of this Agreement,
if any Lender shall notify the Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other governmental authority having relevant jurisdiction asserts that it is
unlawful, for any Lender or its Eurodollar Lending Office to perform its obligations hereunder to make Eurodollar Rate Advances or to fund or maintain Eurodollar Rate Advances hereunder, (i) each Eurodollar Rate Advance will Convert into a Base
Rate Advance either (x) on the last day of the then current Interest Period applicable to such Eurodollar Rate Advance if such Lender may lawfully maintain and fund such Eurodollar Rate Advance to such date, or (y) immediately and
automatically if such Lender shall determine that it may not lawfully maintain and fund such Eurodollar Rate Advance to such date; and (ii) the obligation of the Lenders to make Eurodollar Rate Advances or to Convert Advances into Eurodollar
Rate Advances shall be suspended until the Agent shall notify the Borrower and the Lenders that the circumstances causing such suspension no longer exist. 
 Section 2.13. Payments and Computations. (a) The Borrower shall make each payment hereunder and under the Notes not later than 11:00 A.M. (New York City time) on the day when due in Dollars to the
Agent at the Agent’s Account in same day funds, without set-off, counterclaim or deduction, in each case as expressly provided herein. The Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal or
interest or facility fees or utilization fees ratably (other than amounts payable pursuant to Section 2.11, 2.14 or 2.17) to the Lenders for the account of their respective Applicable Lending Offices, and like funds relating to the payment of
any other amount payable to any Lender to such Lender for the account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. 
 (b) All computations of interest based on the Base Rate (except when calculated by reference to the Federal Funds Effective Rate) shall be
made by the Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Eurodollar Rate or the Federal Funds Effective Rate and of facility fees and utilization fees shall be made by the Agent
on the basis of a year of 360 

  

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days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest,
facility fees or utilization fees are payable. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent error in the calculation of such interest rate. 
 (c) Except as otherwise set forth herein, whenever any payment hereunder or under the Notes shall be stated to be due on a day other than
a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest, facility fee or utilization fee, as the case may be;
provided, however, that, if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

 (d) Unless the Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to
the Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Agent forthwith on demand the amount so distributed to such Lender, with interest thereon, for
each day from and including the date such amount is distributed to it to but excluding the date of payment to the Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Agent in accordance with banking industry rules
on interbank compensation. 
 Section 2.14. Taxes. (a) Any and all payments by or on account of any obligation of the
Borrower hereunder shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by applicable law to deduct any Indemnified Taxes (including any
Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 2.14) the Agent or
Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the
relevant Governmental Authority in accordance with applicable law. 
 (b) Without limiting the provisions of paragraph
(a) above, the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) The Borrower shall indemnify the Agent and each Lender within 10 Business Days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed
or asserted on or attributable to amounts payable under this Section 2.14) paid by the Agent or such 

  

 24 

 
Lender, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Agent), or by the Agent on its own behalf or
on behalf of a Lender, shall be conclusive absent manifest error. 
 (d) As soon as practicable after any payment of
Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return
reporting such payment or other evidence of such payment reasonably satisfactory to the Agent. 
 (e) Any Foreign Lender that
is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder shall
deliver to the Borrower (with a copy to the Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Agent, such properly completed and executed documentation prescribed by applicable law as will
permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by the Borrower or the Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested
by the Borrower or the Agent as will enable the Borrower or the Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Without limiting the generality of the foregoing, in the event that
the Borrower is resident for tax purposes in the United States of America, any Foreign Lender shall deliver to the Borrower and the Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign
Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Borrower or the Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable: (i) duly
completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States of America is a party, (ii) duly completed copies of Internal Revenue Service Form W-8ECI,
(iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the
meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section
881(c)(3)(C) of the Code and (y) duly completed copies of Internal Revenue Service Form W-8BEN, or (iv) any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States Federal withholding
tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction required to be made. 
  

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 (f) If the Agent or a Lender determines, in its sole discretion, that it has received a
refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.14, it shall pay to the Borrower an amount equal to such refund
(but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.14 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Agent or such
Lender, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Agent or such Lender, agrees to repay the
amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Agent or such Lender in the event the Agent or such Lender is required to repay such refund to such Governmental
Authority. This paragraph shall not be construed to require the Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to the Borrower or any other Person. 
 Section 2.15. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.11, or requires
the Borrower to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, then such Lender shall use reasonable efforts to designate a different lending office for funding or
booking its Advances hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable
pursuant to Section 2.11 or 2.14, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to
pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 (b) If
any Lender requests compensation under Section 2.11, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, or if any Lender defaults
in its obligation to fund Advances hereunder, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 9.07), all of its interests, rights and obligations under this Agreement and the related Notes to an Eligible Assignee that shall assume such obligations (which Eligible Assignee may
be another Lender, if a Lender accepts such assignment), provided that (i) the Borrower shall have paid to the Agent the assignment fee specified in Section 9.07, (ii) such Lender shall have received payment of an amount equal
to the outstanding principal of its Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder (including any amounts under Section 2.17) from such Eligible Assignee (to the extent of such outstanding
principal and accrued interest and fees) or the Borrower (in the case of all other amounts), (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.11 or payments required to be made pursuant to
Section 2.14, such assignment will result in a reduction in such compensation or payments thereafter, and (iv) such assignment does not conflict with applicable law. A Lender shall not be required to make any such assignment or delegation
if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
  

 26 

 Section 2.16. Sharing of Payments, Etc. If any Lender shall, by exercising any right of
setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Advances or other obligations of the Borrower hereunder resulting in such Lender’s receiving payment of a proportion of the aggregate
amount of its Advances and accrued interest thereon or other such obligations greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Agent of such fact and
(b) purchase (for cash at face value) participations in the Advances and such other obligations of the other Lenders, or make such other adjustments as shall be equitable, to the end that the benefit of all such payments shall be shared by the
Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Advances and other amounts owing them, provided that (i) if any such participations are purchased and all or any portion of
the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to
(x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Advances to
any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable
law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the
Borrower in the amount of such participation. 
 Section 2.17. Compensation for Breakage Costs. If any payment of principal of,
or Conversion of, any Eurodollar Rate Advance is made by the Borrower to or for the account of a Lender other than on the last day of the Interest Period for such Advance, as a result of a payment, prepayment or Conversion pursuant to this Agreement
or acceleration of the maturity of the Advances pursuant to Section 7.01, the Borrower shall, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender any amounts required to
compensate such Lender for any additional losses, costs or expenses that it may reasonably incur as a result of such payment or Conversion, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by
reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance. 
 Section 2.18. Use of Proceeds. The proceeds of the Advances shall be available (and the Borrower agrees that it shall use such proceeds) in order to “back-stop” commercial paper, for working capital purposes and for
other general corporate purposes, provided that such proceeds shall not be used in any manner that would result in violation of Regulation U or X, issued by the Board of Governors of the Federal Reserve System, as now and from time to time
hereafter in effect. 
  

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 Section 2.19. Evidence of Debt. (a) Each Lender shall maintain in accordance with its
usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Advance owing to such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from
time to time hereunder in respect of Advances. The Borrower agrees that upon notice by any Lender to the Borrower (with a copy of such notice to the Agent) to the effect that a Note is required or appropriate in order for such Lender to evidence
(whether for purposes of pledge, enforcement or otherwise) the Advances owing to, or to be made by, such Lender, the Borrower shall promptly execute and deliver to such Lender a Note payable to the order of such Lender in a principal amount up to
the Commitment of such Lender. 
 (b) The Register maintained by the Agent pursuant to Section 9.07(c) shall include a
control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising such Borrowing and, if appropriate, the
Interest Period applicable thereto, (ii) the terms of each Assignment and Acceptance delivered to and accepted by the Agent, (iii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to
each Lender hereunder and (iv) the amount of any sum received by the Agent from the Borrower hereunder and each Lender’s share thereof. 
 (c) Entries made in good faith by the Agent in the Register pursuant to subsection (b) above, and by each Lender in its account or accounts pursuant to subsection (a) above, shall be prima
facie evidence of the amount of principal and interest due and payable or to become due and payable from the Borrower to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this
Agreement, absent manifest error; provided, however, that the failure of the Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise
affect the obligations of the Borrower under this Agreement. 
 ARTICLE III 
 [RESERVED] 
  

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 ARTICLE IV 
 CONDITIONS TO LENDING 
 Section 4.01. Conditions Precedent to Effective Date. The Effective Date
shall occur upon the satisfaction of the following conditions precedent: 
 (a) Since May 31, 2007 there shall not have
occurred and be continuing any Material Adverse Effect. 
 (b) All governmental and third party consents and approvals
necessary in connection with the transactions contemplated hereby shall have been obtained (without the imposition of any conditions that are not acceptable to the Lenders in their reasonable discretion) and shall remain in effect, and no law or
regulation shall be applicable in the reasonable judgment of the Lenders that restrains, prevents or imposes materially adverse conditions upon the transactions contemplated hereby. 
 (c) The Borrower shall have paid all reasonable invoiced fees and out-of-pocket expenses of the Agent and the Lenders (including the
reasonable invoiced fees and expenses of counsel to the Agent required by this Agreement), to the extent invoices therefor have been received at least one Business Day before such Effective Date. 
 (d) On the Effective Date, the following statements shall be true and the Agent shall have received on behalf of the Lenders a certificate
signed by a duly authorized officer of the Borrower, dated the Effective Date, stating that: 
 (i) The representations and
warranties contained in Section 5.01 are true and correct on and as of the Effective Date, and 
 (ii) No event has
occurred and is continuing that constitutes a Default. 
 (e) [RESERVED]. 
 (f) The Agent shall have received on or before the Effective Date the following, each dated the Effective Date, in form and substance
satisfactory to the Agent: 
 (i) A Note to the order of each Lender (if any) that has requested one pursuant to
Section 2.19. 
 (ii) Certified copies of the resolutions of the Board of Directors of the Borrower approving the
transactions contemplated by this Agreement and the execution and delivery of this Agreement and the Notes, if any, to be delivered by the Borrower, and of all documents evidencing other necessary corporate action and governmental approvals, if any,
with respect to this Agreement and such Notes. 
 (iii) A certificate of the Secretary or an Assistant Secretary of the
Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Agreement and the Notes, if any, to be delivered by the Borrower and the other documents to be delivered hereunder. 
  

 29 

 (iv) A favorable opinion of (i) in-house counsel for the Borrower in the form of
Exhibit D-1 and (ii) Davis Polk & Wardwell, counsel for the Borrower, in the form of Exhibit D-2. 
 (v) A
certificate of a duly authorized officer of the Borrower dated the Effective Date demonstrating compliance with the financial covenant contained in Section 6.02(c) as of the end of the fiscal quarter most recently ended prior to the Effective
Date as to which financial statements are referred to in Section 5.01(e) or, if later, for which financial statements have been delivered to the Lenders pursuant to Section 6.01(g). 
 Section 4.02. Conditions Precedent to Each Borrowing. The obligation of each Lender to make an Advance on the occasion of each Borrowing
shall be subject to the conditions precedent (without limitation of the conditions precedent to the Effective Date set forth in Section 4.01) that on the date of such Borrowing the following statements shall be true (and each of the giving of
the applicable Notice of Borrowing and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing such statements are true): 
 (a) the representations and warranties contained in Section 5.01 made by the Borrower (other than the representations and warranties
contained in clauses (f)(i) and (g) of Section 5.01) are true and correct in all material respects on and as of the date of such Borrowing before and after giving effect to such Borrowing and to the application of the proceeds therefrom,
as though made on and as of such date (except to the extent that any such representation or warranty relates to a specific earlier date in which case it was true as of such earlier date), and 
 (b) no event has occurred and is continuing, or would result from such Borrowing or from the application of the proceeds therefrom, that
constitutes a Default or an Event of Default. 
 Section 4.03. Determinations Under Section 4.01. For purposes of
determining compliance with the conditions specified in Section 4.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or
approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the Effective Date specifying its objection
thereto. The Agent shall promptly notify the Lenders and the Borrower of the anticipated Effective Date. The Agent shall notify all parties promptly of the occurrence of the Effective Date, which notice shall be conclusive once given. 
  

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 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES 
 Section 5.01. Representations and Warranties of the Borrower.
The Borrower represents and warrants as follows: 
 (a) The Borrower is a corporation duly organized, validly existing and in
good standing under the laws of the state of its incorporation. 
 (b) The execution, delivery and performance by the Borrower
of this Agreement and the Notes, if any, to be delivered by it, and the consummation of the transactions contemplated hereby and thereby, are within the Borrower’s corporate powers, have been duly authorized by all necessary corporate action,
and do not contravene (i) the Borrower’s charter or by-laws (or other equivalent organizational documents), (ii) applicable law or (iii) any contract or instrument binding on the Borrower or any of its properties or assets that
is material to the Borrower and its Subsidiaries, taken as a whole. 
 (c) No authorization or approval or other action by,
and no notice to or filing with, any governmental authority or regulatory body or any other third party is required for the due execution, delivery and performance by the Borrower of this Agreement or the Notes, if any, to be delivered by it.

 (d) This Agreement has been, and each of the Notes, if any, to be delivered by the Borrower when delivered hereunder will
have been, duly executed and delivered by the Borrower. Assuming that this Agreement has been duly executed by the Agent and each of the Initial Lenders, this Agreement is, and each of the Notes of the Borrower when delivered hereunder will be, the
legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its respective terms, subject to (i) bankruptcy, insolvency, reorganization, moratorium and other similar laws of general application
affecting the rights and remedies of creditors and (ii) general principles of equity, regardless of whether applied in proceedings in equity or at law. 
 (e) The Consolidated balance sheet of the Borrower and its Subsidiaries as at May 31, 2007, and the related Consolidated statements
of income and cash flows of the Borrower and its Subsidiaries for the fiscal year then ended, accompanied by the opinion(s) of one or more firms of independent certified public accountants of recognized national standing, as filed with the
Securities and Exchange Commission on Form 10-K with respect to its year ended May 31, 2007, and the Consolidated balance sheet of the Borrower and its Subsidiaries as at November 30, 2007, and the related Consolidated statements of income
and cash flows of the Borrower and its Subsidiaries for the six months then ended, as filed with the Securities and Exchange Commission on Form 10-Q with respect to its fiscal quarter ended November 30, 2007, fairly present, subject, in the
case of said balance sheet at November 30, 2007, and said statements of income and cash flows for the six months then ended, to absence of footnotes and to year-end audit adjustments, the Consolidated financial condition of the Borrower and its
Subsidiaries as at such dates and the Consolidated results of the operations of the Borrower and its Subsidiaries for the periods ended on such dates, all in accordance with GAAP consistently applied. 
  

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 (f) There is no pending or (to the knowledge of the Borrower) threatened action,
investigation or proceeding, including, without limitation, any Environmental Action, affecting the Borrower or any of its Subsidiaries before any court, governmental agency or arbitrator that is initiated by any Person other than a Lender in its
capacity as a Lender (i) that is reasonably likely to have a Material Adverse Effect or (ii) that purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the transactions
contemplated hereby. 
 (g) Since May 31, 2007, there has not occurred any Material Adverse Effect which is continuing.

 (h) None of the Borrower or any of its Subsidiaries is an Investment Company, as such term is defined in the Investment
Company Act of 1940, as amended. 
 (i) No part of the proceeds of any Advances will be used in any manner that would result
in a violation of Regulation U or X, issued by the Board of Governors of the Federal Reserve System, as in effect at any time this representation is made or deemed made. 
 (j) The proceeds of the Advances shall be used by the Borrower in accordance with the provisions of Section 2.18. 
 (k) No report, financial statement or other written information furnished by or on behalf of the Borrower to the Agent or any Lender
pursuant to subsection 6.01(g) (as modified or supplemented by any other information provided to the Agent or any Lender) contains or will contain any material misstatement of fact or omits to state any material fact necessary to make the statements
therein, in light of the circumstances under which they were, are or will be made, not misleading, except to the extent that the facts (whether misstated or omitted) do not result in a Material Adverse Effect; provided that with respect to
any projected financial information, the Borrower represents only that such information has been (or will be) prepared in good faith based on assumptions believed to be reasonable at the time. 
 (l) The Borrower is in compliance with all material provisions of ERISA, except to the extent that all failures to be in compliance could
not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (m) The claims of the Agent and the
Lenders against the Borrower under this Agreement rank at least pari passu with the claims of all its unsecured creditors, save those whose claims are preferred solely by the laws of general application having effect in relation to
bankruptcy, insolvency, liquidation or other similar events. 
  

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 (n) The Borrower and its Subsidiaries have filed all United States federal tax returns
and all other tax returns that are material to the Borrower and its Subsidiaries, taken as a whole, which are required to be filed and have paid all United States federal taxes and all other taxes that are material to the Borrower and its
Subsidiaries, taken as a whole, in each case, that are due pursuant to said returns or pursuant to any material assessment received by the Borrower or any of its Subsidiaries, except in respect of such taxes, if any, as are being contested in good
faith and by proper proceedings and to which appropriate reserves are being maintained. 
 ARTICLE VI 
 COVENANTS OF THE BORROWER 
 Section 6.01. Affirmative Covenants. So long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder the Borrower will (and shall cause each of its Subsidiaries to): 
 (a) Compliance with Laws, Etc. Comply in all material respects, with all applicable laws, rules, regulations and orders (such
compliance to include, without limitation, compliance with ERISA, Environmental Laws and the Patriot Act) except where the failure to so comply would not have a Material Adverse Effect. 
 (b) Payment of Taxes, Etc. Pay and discharge before the same shall become delinquent, (i) all taxes, assessments and
governmental charges or levies imposed upon it or upon its property and (ii) all lawful claims that, if unpaid, might by law become a Lien upon its property; provided, however, that none of the Borrower or any of its Subsidiaries
shall be required to pay or discharge any such tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained, unless and until any Lien resulting therefrom
attaches to its property and becomes enforceable against its other creditors and the aggregate of such Liens would have a Material Adverse Effect. 
 (c) Preservation of Corporate Existence, Etc. Preserve and maintain its corporate existence, rights (charter and statutory) and franchises; provided, however, that the Borrower and its
Subsidiaries may consummate any transaction permitted under Section 6.02(b) and provided further that none of the Borrower and its Subsidiaries shall be required to preserve any right or franchise, and no Subsidiary shall be
required to preserve and maintain its corporate existence, if the senior management of the Borrower or of such Subsidiary (or any Person authorized by the Borrower or such Subsidiary) shall determine that the preservation thereof is no longer
desirable in the conduct of the business of the Borrower and its Subsidiaries, taken as a whole, and that the loss thereof is not disadvantageous in any material respect to the Borrower and its Subsidiaries, taken as a whole. 
  

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 (d) Visitation Rights. During normal business hours and upon not less than five
days’ notice, permit the Agent or any of the Lenders or any agents or representatives thereof, to examine and make copies of and abstracts from the records and books of account of (excluding any confidential information), and visit the
properties of, the Borrower and any of its Subsidiaries, and to discuss the affairs, finances and accounts of the Borrower and any of its Subsidiaries with the appropriate representatives of the Borrower and together with the appropriate
representatives of the Borrower’s independent certified public accountants, provided, however, that examination of the records of the Borrower and any of its Subsidiaries shall occur only at times when an Advance or Advances shall
be outstanding to the Borrower and provided, further, that the Agent and the Lenders may make copies of and abstracts from the records and books of account only at times when an Event of Default has occurred and is continuing.

 (e) Keeping of Books. Keep proper books of record and account, in which full and correct entries shall be made of
all financial transactions and the assets and business of the Borrower and each Subsidiary in accordance with generally accepted accounting principles in effect from time to time. 
 (f) Transactions with Affiliates. Conduct all transactions otherwise permitted under this Agreement with any of its Affiliates
(other than the Borrower and its Subsidiaries) on terms that are fair and reasonable and no less favorable to the Borrower or its Subsidiaries than it would obtain in a comparable arm’s-length transaction with a Person not an Affiliate except
where the failure to do so, in the aggregate, would not have a Material Adverse Effect. 
 (g) Reporting Requirements.
Furnish to the Lenders: 
 (i) as soon as available and in any event within 45 days after the end of each of the first three
quarters of each fiscal year of the Borrower (or such shorter period as required by the SEC), the Consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such quarter and the Consolidated statements of income and cash flows
of the Borrower and its Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, duly certified (subject to year-end audit adjustments) by the chief financial officer, treasurer or
controller of the Borrower as having been prepared in accordance with GAAP; 
 (ii) as soon as available and in any event
within 90 days after the end of each fiscal year of the Borrower (or such shorter period as required by the SEC), a copy of the annual audit report for such year for the Borrower and its Subsidiaries, containing the Consolidated balance sheet of the
Borrower and its Subsidiaries as of the end of such fiscal year and the Consolidated statements of income and cash flows of the Borrower and its Subsidiaries for such fiscal year, in each case accompanied by the opinion(s) of Ernst & Young
LLP or one or more other firms of independent certified public accountants of nationally recognized standing reasonably acceptable to the Agent; 
  

 34 

 (iii) concurrently with subsections (g)(i) and (g)(ii) of this Section 6.01, a
certificate of the chief financial officer, treasurer or controller of the Borrower certifying that to the best of his or her knowledge no Event of Default is continuing at such date or specifying any Event of Default that is continuing at such date
and specifying the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto; 
 (iv) as soon as possible and in any event within five Business Days after a Board-appointed officer of the Borrower becomes aware of the occurrence of each Default continuing on the date of such statement, a statement of the chief financial
officer, treasurer or controller of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto; 
 (v) promptly after the sending or filing thereof, copies of all quarterly and annual reports and proxy solicitations that the Borrower
sends to any of its security holders, and copies of all reports on Form 8-K that the Borrower files with the SEC) (other than reports on Form 8-K filed solely for the purpose of incorporating exhibits into a registration statement previously filed
with the SEC); 
 (vi) prompt notice of all actions and proceedings before any court, governmental agency or arbitrator
affecting the Borrower or any of its Subsidiaries of the type described in Section 5.01(f); and 
 (vii) such other
information respecting the Borrower or any of its Subsidiaries as any Lender through the Agent may from time to time reasonably request. 
 Reports required to be delivered pursuant to clauses (i), (ii) and (v) above for the Borrower shall be deemed to have been delivered on the date on which the Borrower posts such reports on the Borrower’s website on the
Internet at the website address listed for the Borrower on the signature pages hereof or when such report is posted on the SEC’s website at www.sec.gov and such posting shall be deemed to satisfy the reporting requirements of clauses (i),
(ii) and (v) above; provided that the Borrower shall deliver paper copies of the reports referred to in clauses (i), (ii) and (v) above to the Agent or any Lender who requests the Borrower to deliver such paper copies
until written notice to cease delivering paper copies is given by the Agent or such Lender and provided further, that in every instance the Borrower shall provide paper copies of the certificate required by clauses (iii) and
(iv) above to the Agent and each of the Lenders until such time as the Agent shall have provided the Borrower written notice otherwise. 
  

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 (h) Use of Proceeds. Use the proceeds of the Advances in accordance with the
provisions of Section 2.18. 
 Section 6.02. Negative Covenants. So long as any Advance shall remain unpaid or any Lender
shall have any Commitment hereunder: 
 (a) Liens, Etc. None of the Borrower or any of its Subsidiaries will create or
suffer to exist any Lien on or with respect to any of its properties, whether now owned or hereafter acquired, or on any of the income or profits therefrom unless it shall have made effective provision whereby the Advances shall be secured by such
Lien equally and ratably with any and all obligations and Debt so secured so long as such obligations and Debt are so secured; provided that nothing in this Section 6.02 shall be construed to prevent or restrict the following:

 (i) Permitted Liens, 
 (ii) purchase money Liens upon or in any real property or equipment acquired or held by the Borrower or any of its Subsidiaries in the ordinary course of business to secure the purchase price of such property or
equipment or to secure Debt incurred solely for the purpose of financing the acquisition of such property or equipment, or Liens existing on such property or equipment at the time of its acquisition or conditional sales or other similar title
retention agreements with respect to property hereafter acquired or extensions, renewals or replacements of any of the foregoing for the same or a lesser amount, provided, however, that no such Lien shall extend to or cover any
properties of any character other than the real property or equipment being acquired and any improvements thereto or proceeds thereof, and no such extension, renewal or replacement shall extend to or cover any properties not theretofore subject to
the Lien being extended, renewed or replaced, 
 (iii) the Liens existing on the Effective Date, 
 (iv) Liens on property of a Person existing at the time such Person becomes a Subsidiary of the Borrower or any other Subsidiary of the
Borrower or is merged into or consolidated with the Borrower or any Subsidiary of the Borrower; provided that (A) to the extent such Liens were created at a time when such Person was a Subsidiary or an Affiliate of the Borrower, such
Liens attach solely to the properties or assets subject to such Liens immediately prior to such merger, consolidation or acquisition and (B) any such Liens that were created during the period immediately prior to such merger, consolidation or
acquisition were not created in contemplation of the merger, consolidation or acquisition, 
  

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 (v) Liens to secure Debt issued by the Borrower in connection with a consolidation or
merger of the Borrower with or into any of its Affiliates in exchange for or otherwise in substitution for long-term senior secured Debt of such Affiliate (without increase in the amount or extension of the final maturity date of the Debt of such
Affiliate), 
 (vi) Liens on margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal
Reserve System), 
 (vii) the replacement, extension or renewal of any Lien permitted by clauses (iii) and
(iv) above upon or in the same property theretofore subject thereto or the replacement, extension or renewal (without increase in the amount) of the Debt secured thereby, 
 (viii) Liens to secure intercompany Debt obligations among Borrower and its Subsidiaries, 
 (ix) Additional Permitted Liens, 
 (x) Liens arising from any receivables financing accounted for under GAAP as a sale by the Borrower or any of its Subsidiaries to a Person other than the Borrower or any of its Subsidiaries, provided that
(a) such financing shall be limited recourse or non-recourse to the Borrower and its Subsidiaries except to the extent customary for such transactions, and (b) such Liens do not encumber any assets other than the receivables being
financed, the property securing or otherwise relating to such receivables, and the proceeds thereof, and 
 (xi) Liens, not
otherwise subject to any of clauses (i) through (x) above, on assets, other than Intellectual Property, granted to secure Debt or other obligations in an aggregate principal amount that, together with any Covenant Debt of a Subsidiary of
the Borrower outstanding pursuant to Section 6.02(d)(iii), shall not exceed the amount specified in Section 6.02(d)(iii). 
 (b) Mergers, Etc. The Borrower will not merge or consolidate with or into, and will not, and will not permit its Subsidiaries to, convey, transfer, lease or otherwise dispose of (whether in one transaction or in a series of
transactions) all or substantially all of the assets of the Borrower and its Subsidiaries taken as a whole (whether now owned or hereafter acquired) to, any Person, except that (i) any Person may merge with or into the Borrower in a transaction
in which the Borrower is the survivor; (ii) any Subsidiary of the Borrower may dispose of assets to any other Subsidiary of the Borrower; (iii) any Subsidiary of the Borrower may dispose of assets to the Borrower; (iv) the Borrower
may merge into any of its Subsidiaries for the purpose of effecting a change in its state of incorporation from Delaware to any other state in the United States if (A) such Subsidiary is incorporated in such other state solely for the purposes
of such merger and, immediately prior to the effectiveness of such merger, has positive stockholders’ equity, and (B) such merger would not reasonably be expected to result in a 

  

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Material Adverse Effect; (v) any Subsidiary or group of Subsidiaries of the Borrower may dispose of assets to Persons other than the Borrower and its
Subsidiaries, so long as, after giving effect to such transaction, such Subsidiary or Subsidiaries, taken as a consolidated whole, has not disposed of, in one transaction or a series of related transactions, more than 10% of the Consolidated assets
of the Borrower and its Subsidiaries, taken as a whole and (vi) any Person may sell margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System). 
 (c) Financial Covenant. The Borrower shall not permit the Capitalization Ratio to exceed 45%. 
 (d) Subsidiary Indebtedness. The Borrower will not permit any of its Subsidiaries to incur or permit to remain outstanding any
Covenant Debt other than (i) Debt of a Subsidiary outstanding on the Effective Date and refinancings, refundings, renewals or extensions thereof, (ii) Debt owed to the Borrower or another Subsidiary of the Borrower and (iii) Covenant
Debt not referenced in clauses (i) and (ii) above in an aggregate outstanding principal amount that, together with any Debt or other obligations secured by Liens referred to in Section 6.02(a)(xi), shall not exceed the greater of
(x) $1,500,000,000 and (y) 25% of Stockholders’ Equity determined at such time. 
 ARTICLE VII 
 EVENTS OF DEFAULT 
 Section 7.01.
Events of Default. If any of the following events (“Event of Default”) shall occur and be continuing with respect to the Borrower or any of its Subsidiaries: 
 (a) The Borrower shall fail to pay any principal of any Advance when the same becomes due and payable; or the Borrower shall fail to pay
any interest on any Advance within three Business Days after the same becomes due and payable; or the Borrower shall fail to pay any fees payable hereunder within ten Business Days after the same become due and payable; or the Borrower shall fail to
pay any other amount payable under this Agreement or any Note within ten Business Days after receipt by the Borrower of written demand therefor; or 
 (b) Any representation or warranty made or deemed made by the Borrower herein or by the Borrower (or any of its officers) in connection with this Agreement shall prove to have been incorrect in any material respect
when made or deemed made; or 
 (c)(i) The Borrower shall fail to perform or observe any term, covenant or agreement contained
in Section 6.01(c),(f),(g)(iii),(g)(iv), (g)(vi) or (h) or 6.02, (ii) the Borrower shall fail to perform or observe any term, covenant or agreement contained in Section 6.01(g) (other than clauses (iv) and (vi) thereof)
if such failure shall remain unremedied for fifteen (15) Business Days after written notice thereof shall have 

  

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been given to the Borrower by the Agent or any Lender or (iii) the Borrower shall fail to perform or observe any other term, covenant or agreement
contained in this Agreement on its part to be performed or observed if such failure shall remain unremedied for thirty (30) days after written notice thereof shall have been given to the Borrower by the Agent or any Lender; or 
 (d) The Borrower or any of its Subsidiaries shall fail to pay any principal of or premium or interest on any Debt that is outstanding in a
principal or, in the case of Hedge Agreements, net amount, of at least $200,000,000 in the aggregate (but excluding Debt outstanding hereunder) of the Borrower or such Subsidiary (as the case may be) (the “Requisite Amount”), when
the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the later of five (5) Business Days and the applicable grace period, if any,
specified in the agreement or instrument relating to such Debt; or any such Debt aggregating the Requisite Amount shall be declared due and payable or any other breach or default with respect to any other material term shall occur or shall exist
under any agreement or instrument relating to any such Debt aggregating the Requisite Amount and shall continue after the applicable grace period, if any, specified in such agreement or instrument if the effect of such breach or default is to
accelerate the maturity of such Debt; or any such Debt aggregating the Requisite Amount shall be required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, in each case prior to
the stated maturity thereof where the cause of such prepayment, redemption, purchase or defeasance is the occurrence of an event or condition that is premised on a material adverse deterioration of the financial condition, results of operations or
properties of the Borrower or such Subsidiary; provided that with respect to Debt aggregating the Requisite Amount of the types described in clauses (h) or (i) of the definition of “Debt” and to the extent such Debt
relates to the obligations of any Person other than a Subsidiary, no Event of Default shall occur so long as the payment of such Debt is being contested in good faith and by proper proceedings and as to which appropriate reserves are being
maintained; or 
 (e) The Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) shall generally not pay its
respective debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against the Borrower or any
of its Subsidiaries (other than Immaterial Subsidiaries) seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any
law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its
property and, in the case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of sixty (60) days, or any of the actions sought in such proceeding
(including, without limitation, the entry of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its property) shall occur; or the Borrower or any of its
Subsidiaries (other than Immaterial Subsidiaries) shall take any corporate action to authorize any of the actions set forth in this subsection (e) under any law relating to bankruptcy, insolvency or reorganization or relief of debtors; or

  

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 (f) Any judgment or order for the payment of money in excess of $100,000,000 shall be
rendered against the Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) and such judgment shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days and enforcement proceedings shall have
been commenced by any creditor upon such judgment or order; provided, however, that any such judgment or order shall not be an Event of Default under this Section 7.01(f) if and for so long as and to the extent that (i) the
amount of such judgment or order is covered (subject to standard deductibles) by a valid and binding policy of insurance between the defendant and the insurer or insurers covering payment thereof, (ii) such insurer shall be rated, or, if more
than one insurer, at least 90% of such insurers as measured by the amount of risk insured shall be rated, at least “A-” by A.M. Best Company or its successor or its successors and (iii) such insurer(s) has been notified of, and has
not refused to defend the claim made for payment of, the amount of such judgment or order; or 
 (g)(i) Any Person or two or
more Persons acting in concert shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the SEC under the Securities Exchange Act of 1934), directly or indirectly, of Voting Stock of the Borrower (or other securities convertible
into such Voting Stock) representing more than 50% of the combined voting power of all Voting Stock of the Borrower; or (ii) during any period of up to twenty-four (24) consecutive months, commencing after the date of this Agreement,
individuals who at the beginning of such 24-month period were directors of the Borrower shall cease for any reason (other than solely as a result of (A) death or disability or (B) voluntary retirement or resignation of any individual in
the ordinary course and not for reasons related to an actual or proposed change of control of the Borrower) to constitute a majority of the Board of Directors of the Borrower; or 
 (h) The Borrower or its ERISA Affiliates shall incur, or shall be reasonably likely to incur, liability that would have a Material Adverse
Effect as a result of one or more of the following: (i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of the Borrower or its ERISA Affiliates from a Multiemployer Plan; or (iii) the reorganization or
termination of a Multiemployer Plan; or 
 (i) This Agreement ceases to be in full force and effect or shall be declared null
and void or the Borrower shall contest the validity or enforceability of this Agreement in writing or deny in writing that it has any further liability, including with respect to future Advances by Lenders, under this Agreement; 
 then, and in any such event, the Agent (i) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrower, declare the obligation
of each Lender to make Advances to the Borrower to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrower, declare all or a portion
of the Advances, all interest thereon and all other amounts payable under this Agreement by the Borrower to be forthwith due 

  

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and payable, whereupon such Advances, all such interest and all such other amounts shall become and be forthwith due and payable by the Borrower, without
presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower; provided, however, that in the event of an actual or deemed entry of an order for relief with respect to the Borrower
under the U.S. Bankruptcy Code, (A) the obligation of each Lender to make Advances to the Borrower shall automatically be terminated and (B) the Advances, all such interest and all such other amounts shall automatically become and be due
and payable by the Borrower without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrower. 
 ARTICLE VIII 
 THE AGENT 
 Section 8.01. Appointment and Authority. Each of the Lenders hereby irrevocably appoints Wachovia as its agent hereunder and authorizes the Agent to take such actions on its behalf and to exercise such
powers as are delegated to the Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Agent and the Lenders and the Borrower
shall not have rights as a third party beneficiary of any of such provisions. 
 Section 8.02. Rights as a Lender. The Person
serving as the Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Agent and the term “Lender” or “Lenders” shall, unless
otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial
advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Agent hereunder and without any duty to account therefor to the
Lenders. 
 Section 8.03. Exculpatory Provisions. The Agent shall not have any duties or obligations except those expressly set
forth herein. Without limiting the generality of the foregoing, the Agent (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) shall not have any duty to
take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that the Agent is required to exercise as directed in writing by the Required Lenders (or such other number or
percentage of the relevant Lenders as shall be necessary under the circumstances as provided in Section 9.01), provided that the Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may
expose the Agent to liability or that is contrary to any applicable law, and (c) shall not, except as expressly set forth herein 

  

 41 

 
have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is
communicated to or obtained by the person serving as the Agent or any of its Affiliates in any capacity. The Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.01) or in the absence of its own gross negligence or willful misconduct. The Agent shall be deemed not to have knowledge of any Default
unless and until notice thereof is given to the Agent by the Borrower or a Lender. The Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with
this Agreement, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms
or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument or document or (v) the satisfaction of any
condition set forth herein, other than to confirm receipt of items expressly required to be delivered to the Agent. 
 Section 8.04.
Reliance by Agent. The Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message,
posting to an Internet or intranet website or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Agent also may rely upon any statement made to it orally or by
telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of an Advance that by its terms must be fulfilled to the
satisfaction of a Lender, the Agent may presume that such condition is satisfactory to such Lender unless the Agent shall have received notice to the contrary from such Lender prior to the making of such Advance. The Agent may consult with legal
counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

 Section 8.05. Delegation of Duties. The Agent may perform any and all of its duties and exercise its rights and powers
hereunder by or through any one or more sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for
herein as well as activities as Agent. 
 Section 8.06. Resignation of Agent. The Agent may at any time give notice of its
resignation to the Lenders and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in New York, or

  

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an Affiliate of any such bank with an office in New York. If no such successor shall have been so appointed by the Required Lenders and shall have accepted
such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may on behalf of the Lenders, appoint a successor Agent meeting the qualifications set forth above, provided that if the
Agent shall notify the Borrower and the Lenders that no such successor is willing to accept such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Agent shall be discharged
from its duties and obligations hereunder and (2) all payments, communications and determinations provided to be made by, to or through the Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders
appoint a successor Agent as provided for above in this paragraph. Upon the acceptance of a successor’s appointment as Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of
the retiring (or retired) Agent, and the retiring Agent shall be discharged from all of its duties and obligations hereunder. The fees payable by the Borrower to a successor Agent shall be the same as those payable to its predecessor unless
otherwise agreed between the Borrower and such successor. After the retiring Agent’s resignation hereunder, the provisions of this Article and Section 8.04 shall continue in effect for the benefit of such retiring Agent, its sub-agents and
their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Agent was acting as Agent. 
 Section 8.07. Non-Reliance on Agent and Other Lenders. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender or any of their Related Parties and based
on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender
or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any Note or any related
agreement or any document furnished hereunder or thereunder. 
 Section 8.08. No Other Duties, etc. Anything herein to the
contrary notwithstanding, none of the joint lead arrangers, bookrunner, syndication agent or documentation agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement, except in its capacity, as
applicable, as the Agent or a Lender hereunder. 
  

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 ARTICLE IX 
 MISCELLANEOUS 
 Section 9.01. Amendments, Etc. No amendment or waiver of any provision of this
Agreement or any Notes, nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Borrower and the Required Lenders, and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given; provided, however, that (i) no amendment, waiver or consent shall, unless in writing and signed by all the Lenders, do any of the following:
(A) waive any of the conditions specified in Section 4.01, (B) change the percentage of the Commitments or of the Revolving Credit Exposures or the number of Lenders that shall be required for the Lenders or any of them to take any
action hereunder, or (C) amend this Section 9.01; and (ii) no amendment, waiver or consent shall, unless in writing and signed by the Required Lenders and each Lender that has a Commitment or has or is owed obligations under this
Agreement or the Notes that is or are modified by such amendment, waiver or consent, (A) increase the Commitment of such Lender or subject such Lender to any additional obligations, (B) reduce the principal of, or interest on, the Advances
made by such Lender or any fees or other amounts payable hereunder to such Lender, (C) postpone any date fixed for any payment of interest on the Advances made by such Lender or any fees or other amounts payable hereunder to such Lender,
(D) extend the Termination Date (except pursuant to Section 2.05) or (E) amend or waive the application of Section 2.16. 
 Each Lender
grants (x) to the Agent the right to purchase all (but not less than all) of such Lender’s Commitments and Advances owing to it and the Notes held by it and all of its rights and obligations hereunder, and (y) to the Borrower the
right to cause an assignment of all (but not less than all) of such Lender’s Commitments and Advances owing to it, its participations in the Notes held by it and all of its rights and obligations hereunder to Eligible Assignees, which right may
be exercised by the Agent or the Borrower, as the case may be, if such Lender (a “Non-Consenting Lender”) refuses to execute any amendment, waiver or consent which requires the written consent of all or all affected Lenders under
clause (i) or (ii) in paragraph (a) above or, alternatively, is unable to execute and/or deliver such amendment, waiver or consent which requires the written consent of all or all affected Lenders under clause (i) or (ii) in
paragraph (a) above within the time period specified by the Agent, the Required Lenders and the Borrower and to which the Required Lenders, and the Borrower have otherwise agreed; provided that such Non-Consenting Lender shall receive,
in connection with such assignments, payment equal to the aggregate amount of outstanding Advances owed to such Lender (together with all accrued and unpaid interest, fees and other amounts owed to such Lender, including any amounts under
Section 2.17). Each Lender agrees that if the Agent or the Borrower, as the case may be, exercises their option hereunder, it shall promptly execute and deliver all agreements and documentation reasonably necessary to effectuate such
assignment, without recourse, as set forth in Section 9.07 at the Borrower’s expense. If the Borrower has requested that a Lender execute such agreement or documentation and the Non-Consenting Lender does not comply with the request within
two Business Days after such request is made to execute and deliver such assignment, then the Borrower shall be entitled (but not obligated) to execute and deliver such agreement and documentation on such Non-Consenting Lender’s behalf and any
such agreement and/or documentation so executed by the Borrower (in substantially the form of Exhibit C hereto) shall be effective for purposes of effectuating an assignment pursuant to Section 9.07; provided, all amounts due and owing
to the Non-Consenting Lender have been paid and the Borrower shall not be permitted to add any obligations or liabilities to such Non-Consenting Lender. 
  

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 Section 9.02. Notices; Effectiveness; Electronic Consent. (a) Except in the case of
notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by telecopier as follows: (i) if to the Borrower, to it at Oracle Corporation, 500 Oracle Parkway, Redwood Shores, CA 94065, Attention of the Treasurer (Telecopier No.
(650) 633-0171; Telephone No. (650) 506-4118), with a copy to the General Counsel at Oracle Corporation (Telecopier No. (650) 506-7114; Telephone No. (650) 506-5500); (ii) if to the Agent, to Wachovia at 301 South College
Street, TW15, Charlotte, North Carolina 28288, Attention: Mark Felker (Telecopier No. (704) 383-7611; Telephone No. (704) 374-7074), with a copy to Syndications (Telecopier No. (704) 590-3481; Telephone No. (704) 590-2702; and
(iii) if to a Lender, to it at its address (or telecopier number) set forth in its Administrative Questionnaire. Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given
when received; notices sent by telecopier shall be deemed to have been given when receipt thereof is confirmed electronically (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the
opening of business on the next business day for the recipient). Notices delivered through electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail
and Internet or intranet websites) pursuant to procedures approved by the Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Section 2.02 if such Lender has notified the Agent that it is incapable of
receiving notices under such Article by electronic communication. The Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it,
provided that approval of such procedures may be limited to particular notices or communications. Unless the Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other
communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and (ii) notices or
communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication
is available and identifying the website address therefor. Electronic mail and Internet and intranet websites may be used by the Agent to distribute communications, such as financial statements and other information as provided in this Agreement,
and to distribute documents for execution by the parties thereto, and the Agent shall not be responsible for any losses, costs, expenses and liabilities that may arise by reason of the use thereof, except for its own gross negligence or willful
misconduct. The Agent and the Lenders shall be entitled to rely and act in good faith upon any notices (including telephonic notices) purportedly given by or on behalf of the Borrower. 
  

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 (c) Any party hereto may change its address or telecopier number or email address for
notices and other communications hereunder by notice to the other parties hereto. 
 Section 9.03. No Waiver; Remedies. No
failure on the part of any Lender or the Agent to exercise, and no delay in exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further
exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 
 Section 9.04. Expenses; Indemnity; Damage Waiver. (a) The Borrower shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Agent and its Affiliates, including the reasonable and documented
fees, charges and disbursements of counsel for the Agent (and reasonable, documented fees and time charges for attorneys who may be employees of the Agent), in connection with the syndication of the credit facilities provided for herein, the
preparation, negotiation, execution, delivery and administration of this Agreement or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated)
and (ii) all reasonable and documented out-of-pocket expenses incurred by the Agent or any Lender, including the reasonable and documented fees, charges and disbursements of any counsel for the Agent or any Lender (and reasonable and documented
fees and time charges for attorneys who may be employees of the Agent), in connection with the enforcement or protection of its rights in connection with this Agreement and the Notes, including its rights under this Section 9.04, or in
connection with the Advances made, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Advances. 
 (b) The Borrower shall indemnify the Agent (and any sub-agent thereof), each Lender and each Related Party of any of the foregoing Persons
(each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the reasonable fees, charges and disbursements of any
counsel for any Indemnitee (and reasonable fees and time charges for attorneys who may be employees of the Agent or any Lender), incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the
execution or delivery of this Agreement or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or the consummation of the transactions contemplated hereby or
thereby, (ii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Action related in any way to the Borrower or any of its
Subsidiaries, or (iii) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought 

  

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by the Borrower, any of its shareholders or creditors, an Indemnitee or any other Person, and regardless of whether any Indemnitee is a party thereto,
provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable
judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or to the extent that, in any action brought by the Borrower, the Borrower prevails. 
 (c) To the extent that the Borrower fails to pay any amount required under paragraph (a) or (b) of this Section 9.04 to be
paid by it to the Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s Applicable
Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as
the case may be, was incurred by or asserted against the Agent (or any such sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for the Agent (or any such sub-agent) in connection with such capacity. The
obligations of the Lenders under this paragraph (c) are subject to the provisions of Section 2.02(h). 
 (d) To the
fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual
damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Advance or the use of the proceeds thereof. No Indemnitee
referred to in paragraph (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission
systems in connection with this Agreement or the transactions contemplated hereby or thereby. 
 (e) All amounts due under
this Section 9.04 shall be payable promptly after written demand therefor. 
 (f) Without prejudice to the survival of
any other agreement of the Borrower hereunder, the agreements and obligations of the Borrower contained in Sections 2.11, 2.14 and this Section 9.04 shall survive the payment in full of principal, interest and all other amounts payable
hereunder and under the Notes. 
 Section 9.05. Right of Set-off. If an Event of Default shall have occurred and be continuing,
each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional
or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the

  

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Borrower now or hereafter existing under this Agreement to such Lender, irrespective of whether or not such Lender shall have made any demand under this
Agreement and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each
Lender and their respective Affiliates under this Section 9.05 are in addition to other rights and remedies (including other rights of setoff) which such Lender or their respective Affiliates may have. Each Lender agrees promptly to notify the
Borrower and the Agent after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 
 Section 9.06. Binding Effect. This Agreement shall become effective when it shall have been executed by the Agent and when the Agent shall
have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 Section 9.07. Assignments and Participations. (a) No Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of paragraph (b) of this Section 9.07, (ii) by way of participation in accordance with the provisions of paragraph (d) of this
Section 9.07 or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (f) of this Section 9.07 (and any other attempted assignment or transfer by any party hereto shall be null and
void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (d)
of this Section 9.07 and, to the extent expressly contemplated hereby, the Related Parties of each of the Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and Revolving Credit Exposure at the time owing to it); provided that (i) except in the case of an assignment of the entire remaining amount of the assigning Lender’s
Commitment and the Revolving Credit Exposure at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which for this purpose
includes Advances outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Advance of the assigning Lender subject to each such assignment (determined as of the date the Assignment and
Acceptance with respect to such assignment is delivered to the Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $5,000,000 or an integral multiple of $1,000,000 in excess
thereof, unless each of the Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consent (each such consent not to be unreasonably withheld or delayed and such approval to be deemed to have been given if a
response is not received within fifteen Business Days from the date on which request for approval 

  

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was received by the applicable Person); (ii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement with respect to the Advance or the Commitment assigned; (iii) any assignment must be approved with the prior written consent of (A) the Agent and (B) the Borrower (each such
approval not to be unreasonably withheld or delayed); provided that no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default has occurred and is
continuing; (iv) the parties to each assignment shall (1) electronically execute and deliver to the Agent an Assignment and Acceptance via an electronic settlement system acceptable to the Agent or (2) manually execute and deliver to
the Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500; provided that only one such fee shall be payable in connection with simultaneous assignments to or by two or more Approved Funds; and
(v) the Eligible Assignee, if it shall not be a Lender, shall deliver to the Agent an Administrative Questionnaire and if required, applicable tax forms. 
 Subject to acceptance and recording thereof by the Agent pursuant to paragraph (c) of this Section 9.07, from and after the effective date specified in each Assignment and Acceptance, the Eligible Assignee
thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent
of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 2.11, 2.14 and 9.04 with respect to facts and circumstances occurring prior to the effective date of such assignment. Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in
accordance with paragraph (d) of this Section 9.07. 
 (c) The Agent, acting solely for this purpose as an agent of
the Borrower, shall maintain at one of its offices in New York a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of
the Advances owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Agent and the Lenders may treat each Person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower at any reasonable time and from
time to time upon reasonable prior notice. Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already
be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section 9.07 and any written consent to such assignment required by paragraph (b) of this Section 9.07, the Agent shall accept such
Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 
  

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 (d) Any Lender may at any time, without the consent of, or notice to, the Borrower or the
Agent, sell participations to any Person (other than a natural person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or
obligations under this Agreement (including all or a portion of its Commitment and/or Revolving Credit Exposure owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such
Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with
such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver
with respect to (A) reducing the principal of, or interest on, the Advances made by such Lender or any fees or other amounts payable hereunder to such Lender, (B) postponing any date fixed for any payment of interest on the Advances made
by such Lender or any fees or other amounts payable hereunder to such Lender that affects such Participant or (c) extending the Termination Date. Subject to paragraph (e) of this Section 9.07, the Borrower agrees that each Participant
shall be entitled to the benefits of Sections 2.11 and 2.14 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section 9.07. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 9.05 as though it were a Lender, provided such Participant agrees to be subject to Section 2.16 as though it were a Lender. 
 (e) A Participant shall not be entitled to receive any greater payment under Sections 2.11 and 2.14 than the applicable Lender would have
been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.14 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.14(e)
as though it were a Lender. 
 (f) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. Notwithstanding anything to the contrary contained herein, any Lender that is a Fund may create a security interest in all or any
portion of the 

  

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Advances owing to it and the Notes, if any, held by it to the trustee for holders of obligations owed, or securities issued, by such Fund as security for
such obligations or securities, provided that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 9.07, (i) no such pledge shall release the pledging Lender from any of its
obligations under this Agreement and (ii) such trustee shall not be entitled to exercise any of the rights of a Lender under this Agreement and the Notes even though such trustee may have acquired ownership rights with respect to the pledged
interest through foreclosure or otherwise. 
 (g) Notwithstanding anything to the contrary contained herein, any Lender (a
“Granting Lender”) may grant to a special purpose funding vehicle (a “SPC”), identified as such in writing from time to time by the Granting Lender to the Agent and the Borrower, the option to provide to the
Borrower all or any part of any Advance that such Granting Lender would otherwise be obligated to make the Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any SPC to make any
Advance and (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Advance, the Granting Lender shall be obligated to make such Advance pursuant to the terms hereof. The making of an Advance by
an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Advance were made by such Granting Lender. Each party hereto hereby agrees that no SPC shall be liable for any indemnity or similar payment
obligation under this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the
date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other person in instituting against, such SPC any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 9.07, any SPC may (i) with notice
to, but without the prior written consent of, the Borrower and the Agent and without paying any processing fee therefore, assign all or a portion of its interests in any Advances to the Granting Lender or to any financial institutions (consented to
by the Borrower and Agent) providing liquidity and/or credit support to or for the account of such SPC to support the funding or maintenance of Advances and (ii) disclose on a confidential basis any non-public information relating to its
Advances to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPC. This Section 9.07 may not be amended without the written consent of each SPC that holds any Advances at
the time of the proposed amendment. 
 (h) Notwithstanding the foregoing to the contrary, the Borrower shall not have the
right to assign its rights hereunder or any interest herein without the prior written consent of each Lender and the Agent. 
  

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 Section 9.08. Governing Law. This Agreement and the Notes shall be governed by, and construed
in accordance with, the laws of the State of New York. 
 Section 9.09. Counterparts; Integration; Electronic Execution.
(a) This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement
and any separate letter agreements with respect to fees payable to the Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof. Delivery of an executed counterpart of a signature page of this Agreement or any document or instrument delivered in connection herewith by telecopy shall be effective as delivery of a manually executed
counterpart of this Agreement or such other document or instrument, as applicable. 
 (b) The words “execution,”
“signed,” “signature,” and words of like import in any Assignment and Acceptance shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect,
validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and
National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 Section 9.10. Jurisdiction, Etc. (a) The Borrower irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the courts of the State of New York sitting
in New York City and of the United States District Court sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or for recognition or enforcement of any judgment,
and each of the parties hereto irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such
Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this
Agreement or the Notes or in any shall affect any right that the Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or the Notes against the Borrower or its properties in the courts of any
jurisdiction. 
 (b) The Borrower irrevocably and unconditionally waives, to the fullest extent permitted by applicable law,
any objection which it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or the Notes in any court referred to in paragraph (a) of this Section 9.10. Each of the
parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 (c) Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 9.02. Nothing in this
Agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law. 
  

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 Section 9.11. Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE NOTES BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 Section 9.12. Confidentiality. Each of the Agent and the Lenders agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to it, its Affiliates’ and their respective partners, directors, officers, employees, advisors and representatives (it being understood that the Persons to whom such disclosure
is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority (including any self-regulatory authority, such as the
National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any
remedies hereunder or under the Notes or any action or proceeding relating to this Agreement or the Notes or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of
this Section 9.12, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to
any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower (such consent not to be unreasonably withheld or delayed) or (h) to the extent such Information (x) becomes publicly
available other than as a result of a breach of this Section 9.12 or (y) becomes available to the Agent or any Lender on a nonconfidential basis from a source other than the Borrower. 
 For purposes of this Section 9.12, “Information” means all information received from (or on behalf of) the Borrower or any of its
Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower,
provided that, in the case of information received from the Borrower after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as
provided in this Section 9.12 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own
confidential information. 
  

 53 

 Section 9.13. Patriot Act Notice. Each Lender and the Agent (for itself and not on behalf of
any Lender) hereby notifies the Borrower that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and
other information that will allow such Lender or the Agent, as applicable, to identify the Borrower in accordance with the Patriot Act. The Borrower shall provide, to the extent commercially reasonable, such information and take such actions as are
reasonably requested by the Agent or any Lenders in order to assist the Agent and the Lenders in maintaining compliance with the Patriot Act. 
 [Remainder of page intentionally left blank] 

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

			
	ORACLE CORPORATION
		
	By	 	/s/ Eric R. Ball
		 	Name: Eric R. Ball
		 	Title: Vice President and Treasurer
	
	WACHOVIA BANK, NATIONAL
	ASSOCIATION, as Agent and as a Lender
		
	By	 	/s/ Mark B. Felker
		 	Name: Mark B. Felker
		 	Title: Managing Director
	
	BANK OF AMERICA, N.A., as
	Syndication Agent and as a Lender
		
	By	 	/s/ Kevin McMahon
		 	Name: Kevin McMahon
		 	Title: Senior Vice President

 Schedule 2.01 
 COMMITMENTS 
  

				
	 Wachovia Bank, National Association, as Agent and as a Lender
	  	$	175,000,000
	 Bank of America, N.A., as Syndication Agent and as a Lender
	  	$	175,000,000
	 Mizuho Corporate Bank, Ltd., as Documentation Agent and as a Lender
	  	$	150,000,000
	 ABN AMRO Bank N.V., as Documentation Agent and as a Lender
	  	$	150,000,000
	 BNP Paribas, as Documentation Agent and as a Lender
	  	$	150,000,000
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Documentation Agent and as a Lender
	  	$	150,000,000
	 Citicorp USA, Inc., as Documentation Agent and as a Lender
	  	$	150,000,000
	 Morgan Stanley Bank, as Documentation Agent and as a Lender
	  	$	133,000,000
	 HSBC Bank USA, National Association, as a Lender
	  	$	100,000,000
	 JPMorgan Chase Bank, N.A., as a Lender
	  	$	100,000,000

				
	 Merrill Lynch Bank USA, as a Lender
	  	$	 100,000,000
	 Wells Fargo Bank, National Association, as a Lender
	  	$	100,000,000
	 Credit Suisse, New York branch, as a Lender
	  	$	85,000,000
	 BMO Capital Markets Financing, Inc., as a Lender
	  	$	67,000,000
	 Societe Generale, as a Lender
	  	$	67,000,000
	 Royal Bank of Canada, as a Lender
	  	$	67,000,000
	 U.S. Bank National Association, as a Lender
	  	$	33,000,000
	 Bayerische Hypo- und Vereinsbank AG, New York Branch, as a Lender
	  	$	33,000,000
	 The Bank of New York, as a Lender
	  	$	15,000,000
	 Total
	  	$	2,000,000,000

 EXHIBIT A 
 FORM OF PROMISSORY NOTE 
 Dated:
                    , 20[    ] 
 FOR VALUE RECEIVED, the undersigned, ORACLE CORPORATION, a Delaware corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of
                                     (the
“Lender”) for the account of its Applicable Lending Office on the Termination Date (as defined in the Credit Agreement referred to below) the aggregate principal amount of the Advances made by the Lender to the Borrower pursuant to
the 364-Day Revolving Credit Agreement dated as of March 18, 2008 (as amended or modified from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined) among the Borrower and the
Lender and certain other lenders parties thereto, Bank of America, N.A., as syndication agent, ABN Amro Bank, N.V., BNP Paribas, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citicorp USA, Inc., Mizuho Corporate Bank, Ltd. and Morgan Stanley Bank, as
documentation agents, Wachovia Bank, National Association (“Wachovia”), as administrative agent (in such capacity, the “Agent”), Wachovia Capital Markets, LLC, as a joint lead arranger and sole bookrunner and Banc
of America Securities LLC, as a joint lead arranger, outstanding on the Termination Date. 
 The Borrower promises to pay interest on the
unpaid principal amount of each Advance from the date of such Advance until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 
 Both principal and interest are payable in Dollars to Wachovia, as the Agent, at 301 South College Street, Charlotte, North Carolina 28288, in same day
funds. Each Advance owing to the Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto
which is part of this Promissory Note. 
 This Promissory Note is one of the Notes referred to in, and is entitled to the benefits of, the
Credit Agreement. The Credit Agreement, among other things, (i) provides for the making of Advances by the Lender to the Borrower from time to time, the indebtedness of the Borrower resulting from each such Advance being evidenced by this
Promissory Note, and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions
therein specified. 
  

			
	ORACLE CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

 ADVANCES AND PAYMENTS OF PRINCIPAL 
  

									
	 Date
	  	Amount of
Advance	  	Amount of
Principal Paid
or Prepaid	  	Unpaid
Principal
Balance	  	Notation Made
By

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