Document:

EX-4.1

 Exhibit 4.1 

 
  

 
 PERRIGO COMPANY

 AND 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, TRUSTEE 
  

 
 FORM OF
INDENTURE 
  
  

Dated as of                     

 Debt Securities 
  

 
  

 
  

									
	Article 1	  	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	 	1	  
				
		  	Section 1.1	  	Definitions	  	 	1	  
		  	Section 1.2	  	Compliance Certificates and Opinions	  	 	7	  
		  	Section 1.3	  	Form of Documents Delivered to Trustee	  	 	7	  
		  	Section 1.4	  	Acts of Holders	  	 	8	  
		  	Section 1.5	  	Notices, Etc., to Trustee and Company	  	 	8	  
		  	Section 1.6	  	Notice to Holders of Securities; Waiver	  	 	9	  
		  	Section 1.7	  	Language of Notices, Etc.	  	 	9	  
		  	Section 1.8	  	Conflict with Trust Indenture Act	  	 	9	  
		  	Section 1.9	  	Effect of Headings and Table of Contents	  	 	9	  
		  	Section 1.10	  	Successors and Assigns	  	 	9	  
		  	Section 1.11	  	Separability Clause	  	 	9	  
		  	Section 1.12	  	Benefits of Indenture	  	 	9	  
		  	Section 1.13	  	Governing Law	  	 	9	  
		  	Section 1.14	  	Legal Holidays	  	 	10	  
		  	Section 1.15	  	Waiver of Jury Trial	  	 	10	  
		  	Section 1.16	  	Force Majeure	  	 	10	  
		  	Section 1.17	  	U.S.A. Patriot Act	  	 	10	  
			
	Article 2	  	SECURITY FORMS	  	 	10	  
				
		  	Section 2.1	  	Forms Generally	  	 	10	  
		  	Section 2.2	  	Form of Trustee’s Certificate of Authentication	  	 	11	  
		  	Section 2.3	  	Securities in Global Form	  	 	11	  
			
	Article 3	  	THE SECURITIES	  	 	11	  
				
		  	Section 3.1	  	Amount Unlimited; Issuable in Series	  	 	11	  
		  	Section 3.2	  	Denominations	  	 	13	  
		  	Section 3.3	  	Execution, Authentication, Delivery and Dating	  	 	13	  
		  	Section 3.4	  	Temporary Securities	  	 	15	  
		  	Section 3.5	  	Registration, Transfer and Exchange	  	 	15	  
		  	Section 3.6	  	Mutilated, Destroyed, Lost and Stolen Securities	  	 	17	  
		  	Section 3.7	  	Payment of Interest; Interest Rights Preserved	  	 	17	  
		  	Section 3.8	  	Persons Deemed Owners	  	 	18	  
		  	Section 3.9	  	Cancellation	  	 	18	  
		  	Section 3.10	  	Computation of Interest; Calculations	  	 	19	  
		  	Section 3.11	  	CUSIP Numbers	  	 	19	  
			
	Article 4	  	SATISFACTION AND DISCHARGE	  	 	19	  
				
		  	Section 4.1	  	Satisfaction and Discharge of Indenture	  	 	19	  
		  	Section 4.2	  	Application of Trust Money	  	 	20	  
			
	Article 5	  	REMEDIES	  	 	20	  
				
		  	Section 5.1	  	Events of Default	  	 	20	  
		  	Section 5.2	  	Acceleration of Maturity; Rescission and Annulment	  	 	21	  
		  	Section 5.3	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	 	22	  
		  	Section 5.4	  	Trustee May File Proofs of Claim	  	 	23	  
		  	Section 5.5	  	Trustee May Enforce Claims Without Possession of Securities	  	 	23	  
		  	Section 5.6	  	Application of Money Collected	  	 	23	  
		  	Section 5.7	  	Limitation on Suits	  	 	24	  
		  	Section 5.8	  	Unconditional Right of Holders to Receive Principal, Premium and Interest	  	 	24	  
		  	Section 5.9	  	Restoration of Rights and Remedies	  	 	24	  
		  	Section 5.10	  	Rights and Remedies Cumulative	  	 	24	  
		  	Section 5.11	  	Delay or Omission Not Waiver	  	 	25	  
		  	Section 5.12	  	Control by Holders of Securities	  	 	25	  

  
 -i-

									
		  	Section 5.13	  	Waiver of Past Defaults	  	 	25	  
		  	Section 5.14	  	Undertaking for Costs	  	 	25	  
			
	Article 6	  	THE TRUSTEE	  	 	26	  
				
		  	Section 6.1	  	Certain Duties and Responsibilities	  	 	26	  
		  	Section 6.2	  	Notice of Defaults	  	 	26	  
		  	Section 6.3	  	Certain Rights of Trustee	  	 	27	  
		  	Section 6.4	  	Not Responsible for Recitals or Issuance of Securities	  	 	28	  
		  	Section 6.5	  	May Hold Securities	  	 	28	  
		  	Section 6.6	  	Money Held in Trust	  	 	28	  
		  	Section 6.7	  	Compensation and Reimbursement	  	 	28	  
		  	Section 6.8	  	Disqualifications; Conflicting Interests	  	 	29	  
		  	Section 6.9	  	Corporate Trustee Required; Eligibility	  	 	29	  
		  	Section 6.10	  	Resignation and Removal; Appointment of Successor	  	 	29	  
		  	Section 6.11	  	Acceptance of Appointment by Successor	  	 	30	  
		  	Section 6.12	  	Merger, Conversion, Consolidation or Succession to Business	  	 	31	  
		  	Section 6.13	  	Preferential Collection of Claims Against Company	  	 	31	  
		  	Section 6.14	  	Appointment of Authenticating Agent	  	 	31	  
			
	Article 7	  	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	 	32	  
				
		  	Section 7.1	  	Company To Furnish Trustee Names and Addresses of Holders	  	 	32	  
		  	Section 7.2	  	Preservation of Information; Communications to Holders	  	 	33	  
		  	Section 7.3	  	Reports by Trustee	  	 	33	  
		  	Section 7.4	  	Reports by the Company	  	 	33	  
			
	Article 8	  	CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE	  	 	34	  
				
		  	Section 8.1	  	Consolidations and Mergers of Company and Sales, Leases and Conveyances Permitted Subject to Certain Conditions	  	 	34	  
		  	Section 8.2	  	Rights and Duties of Successor Corporation	  	 	34	  
		  	Section 8.3	  	Officers’ Certificate and Opinion of Counsel	  	 	34	  
			
	Article 9	  	SUPPLEMENTAL INDENTURE	  	 	34	  
				
		  	Section 9.1	  	Supplemental Indentures without Consent of Holders	  	 	34	  
		  	Section 9.2	  	Supplemental Indentures with Consent of Holders	  	 	36	  
		  	Section 9.3	  	Execution of Supplemental Indentures	  	 	36	  
		  	Section 9.4	  	Effect of Supplemental Indentures	  	 	36	  
		  	Section 9.5	  	Conformity with Trust Indenture Act	  	 	36	  
		  	Section 9.6	  	Reference in Securities to Supplemental Indentures	  	 	37	  
			
	Article 10	  	COVENANTS	  	 	37	  
				
		  	Section 10.1	  	Payment of Principal, Premium, if any, and Interest	  	 	37	  
		  	Section 10.2	  	Maintenance of Office or Agency	  	 	37	  
		  	Section 10.3	  	Money for Securities Payments To Be Held in Trust	  	 	37	  
		  	Section 10.4	  	Additional Amounts	  	 	38	  
		  	Section 10.5	  	Statement as to Compliance; Notice of Certain Defaults	  	 	40	  
		  	Section 10.6	  	Limitation upon Liens	  	 	40	  
		  	Section 10.7	  	Limitation upon Sales and Leasebacks	  	 	42	  
		  	Section 10.8	  	Waiver of Certain Covenants	  	 	42	  
			
	Article 11	  	REDEMPTION OF SECURITIES	  	 	43	  
				
		  	Section 11.1	  	Applicability of Article	  	 	43	  
		  	Section 11.2	  	Election to Redeem; Notice to Trustee	  	 	43	  
		  	Section 11.3	  	Selection by Trustee of Securities To Be Redeemed	  	 	43	  
		  	Section 11.4	  	Notice of Redemption	  	 	43	  
		  	Section 11.5	  	Deposit of Redemption Price	  	 	44	  
		  	Section 11.6	  	Securities Payable on Redemption Date	  	 	44	  

  
 ii 

									
		  	Section 11.7	  	Securities Redeemed in Part	  	 	45	  
		  	Section 11.8	  	Redemption for Taxation Reasons	  	 	45	  
			
	Article 12	  	SINKING FUNDS	  	 	46	  
				
		  	Section 12.1	  	Applicability of Article	  	 	46	  
		  	Section 12.2	  	Satisfaction of Sinking Fund Payments with Securities	  	 	46	  
		  	Section 12.3	  	Redemption of Securities for Sinking Fund	  	 	46	  
			
	Article 13	  	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  	 	46	  
				
		  	Section 13.1	  	Company’s Option to Effect Legal Defeasance or Covenant Defeasance	  	 	46	  
		  	Section 13.2	  	Legal Defeasance and Discharge	  	 	47	  
		  	Section 13.3	  	Covenant Defeasance	  	 	47	  
		  	Section 13.4	  	Conditions to Legal Defeasance or Covenant Defeasance	  	 	47	  
		  	Section 13.5	  	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions	  	 	48	  
		  	Section 13.6	  	Reinstatement	  	 	49	  

  
 iii

 Reconciliation and tie between 

Trust Indenture Act of 1939 
 and Indenture 
  

			
	 Trust Indenture Act Section
	  	 Indenture Section

	 § 310 (a)(1)
	  	6.9
	 (a)(2)
	  	6.9
	 (a)(3)
	  	Not Applicable
	 (a)(4)
	  	Not Applicable
	 (a)(5)
	  	6.9
	 (b)
	  	6.8, 6.10
	 § 311 (a)
	  	6.13
	 (b)
	  	6.13
	 § 312 (a)
	  	7.1, 7.2(a)
	 (b)
	  	7.2(b)
	 (c)
	  	7.2(c)
	 § 313 (a)
	  	7.3(a)
	 (b)(1)
	  	Not Applicable
	 (b)(2)
	  	7.3(a)
	 (c)
	  	7.3(a)
	 (d)
	  	7.3(b)
	 § 314 (a)
	  	7.4; 10.5(a)
	 (b)
	  	Not Applicable
	 (c)(1)
	  	1.2
	 (c)(2)
	  	1.2
	 (c)(3)
	  	Not Applicable
	 (d)
	  	Not Applicable
	 (e)
	  	1.2
	 § 315 (a)
	  	6.1(a)
	 (b)
	  	6.2
	 (c)
	  	6.1(b)
	 (d)
	  	6.1(c)
	 (d)(1)
	  	6.1(a)(i), (c)(i)
	 (d)(2)
	  	6.1(c)(ii)
	 (d)(3)
	  	6.1(c)(iii)
	 (e)
	  	5.14
	 § 316 (a)
	  	1.1
	 (a)(1)(A)
	  	5.2, 5.12
	 (a)(1)(B)
	  	5.13
	 (a)(2)
	  	Not Applicable
	 (b)
	  	5.8
	 (c)
	  	1.4(d)
	 § 317 (a)(1)
	  	5.3
	 (a)(2)
	  	5.4
	 (b)
	  	10.3
	 § 318 (a)
	  	1.8

  
  

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

 INDENTURE, dated as of
                    , between Perrigo Company, a Michigan corporation (the “Company”), having its principal office at 515 Eastern Avenue,
Allegan, Michigan 49010, and Wells Fargo Bank, National Association, a national banking association, as trustee (the “Trustee”). 
 Recitals of The Company 
 WHEREAS, the Company has duly authorized the
execution and delivery of this Indenture to provide for the issuance from time to time of its unsecured debentures, notes or other evidences of indebtedness, unlimited as to principal amount, to bear such rates of interest, to mature at such time or
times, to be issued in one or more series and to have such other provisions as shall be fixed as hereinafter provided; and 

WHEREAS, the Company has duly authorized the execution and delivery of this Indenture and all things necessary to make this Indenture a
valid and legally binding agreement of the Company, in accordance with its terms, have been done. 
 NOW, THEREFORE, THIS
INDENTURE WITNESSETH: For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed, for the benefit of each other and the equal and proportionate benefit of all Holders of
the Securities or of series thereof, as follows: 
 ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 1.1 Definitions. 
 For all purposes of this Indenture, except
as otherwise expressly provided or unless the context otherwise requires: 
 (a) the terms defined in this Article have the
meanings assigned to them in this Article, and include the plural as well as the singular; 
 (b) all other terms used herein
that are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned to them therein; 
 (c) the phrase “in writing” as used herein shall be deemed to include .pdf attachments and other electronic means of transmission, unless otherwise indicated; 

(d) all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the terms “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally
accepted at the date of such computation; and 
 (e) the words “herein,” “hereof” and “hereunder”
and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 “Act” when used with respect to any Holders has the meaning specified in Section 1.4. 
 “Additional Amounts” has the meaning specified in Section 10.4. 
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For
the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise; and the terms “controlling” and “controlled” have the meanings correlative to the foregoing. 
 “Agent” means any Security Registrar, Paying Agent, or DTC Custodian. 

  
 1 

 “Assistant Secretary” when used with respect to the Company or the Trustee,
means any assistant secretary whether or not designated by a number or word or words added before or after the title “assistant secretary” 
 “Attributable Debt” means as to any particular lease under which either the Company or any Restricted Subsidiary is at the time liable as lessee and at any date as of which the amount
thereof is to be determined, the total net obligations of the lessee for rental payments during the remaining term of the lease (including any period for which such lease has been extended or may, at the option of the lessor, be extended) discounted
from the respective due dates thereof to such determination date at a rate per annum equivalent to the greater of (a) the weighted-average interest rate of the Outstanding Securities, such average being weighted by the principal amount of the
Outstanding Securities of each series and (b) the interest rate inherent in such lease (as determined in good faith by the Company), both to be compounded semi-annually. The total net obligations of the lessee for rental payments under any such
lease for any such periods shall be the aggregate amount of the rent payable by the lessee with respect to such period after excluding amounts required to be paid on account of maintenance and repairs, services, insurance, taxes, assessments, water
rates and similar charges and contingent rents (such as those based on sales or monetary inflation). If any lease is terminable by the lessee upon the payment of a penalty and under the terms of the lease the termination right is not exercisable
until after the determination date and the amount of such penalty discounted to the determination date as provided above is less than the net amount of rentals payable after the time as of which such termination could occur (the “termination
time”) discounted to the determination date as provided above, then such discounted penalty amount shall be used instead of such discounted amount of net rentals payable after the termination time in calculating the Attributable Debt for such
lease. If any lease is terminable by the lessee upon the payment of a penalty and such termination right is exercisable on the determination date and the amount of the net rentals payable under such lease after the determination date discounted to
the determination date as provided above is greater than the amount of such penalty, the “Attributable Debt” for such lease as of such determination date shall be equal to the amount of such penalty. If as of the determination date any
Original Issue Discount Securities are Outstanding, then, for purposes of calculating Attributable Debt, the interest rate of the Original Issue Discount Securities shall be a rate equal to the yield to maturity on such Securities, calculated at the
time of the issuance of such Securities, and the principal amount of such Original Issue Discount Securities shall be equal to the aggregate amount that would then be payable upon the acceleration of the maturity of such Securities pursuant to
Section 5.2 hereof. 
 “Authenticating Agent” means any Person authorized by the Trustee pursuant to
Section 6.14 to act on behalf of the Trustee to authenticate Securities of one or more series. 
 “Board of
Directors” means the Board of Directors of the Company or any duly authorized committee thereof. 
 “Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and
delivered to the Trustee. 
 “Business Day,” except as may otherwise be provided in the form or terms of
Securities of any particular series pursuant to the provisions of this Indenture, with respect to any Place of Payment means any day, other than Saturday or Sunday, that is neither a legal holiday nor a day on which the Corporate Trust Office of the
Trustee or banks in the City of New York are authorized or required by law, regulation or executive order to close. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange
Act, or if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time. 

“Company” means the Person named as the “Company” in the first paragraph of this instrument until a successor
Person shall have become such pursuant to and in compliance with Article 8 of this Indenture, and thereafter “Company” shall mean such successor Person. 
 “Company Request” and “Company Order” mean, respectively, a written request or order signed in the name of the Company by the Chairman of the Board, the President, any
Vice President, and by the Treasurer, the Secretary, an Assistant Treasurer or an Assistant Secretary of the Company, and delivered to the Trustee. 

  
 2 

 “Consolidated Net Tangible Assets” means the total amount of assets (less
applicable reserves and other properly deductible items) after deducting therefrom (a) all current liabilities (excluding liabilities that are extendable or renewable at the option of the obligor to a date more than 12 months after the date as
of which the amount is being determined, and excluding short term debt and the current portion of long term debt) and (b) all goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like intangible assets,
all as set forth on the most recent balance sheet of the Company and its consolidated subsidiaries and determined in accordance with generally accepted accounting principles. 
 “Corporate Trust Office” means the office or agency of the Trustee, at which at any particular time its corporate trust business relating to this Indenture shall be principally
administered, which office at the date of original execution of this Indenture is located at 230 West Monroe Street, Suite 2900, Chicago, Illinois 60606, Attn: Corporate Trust Services, and with respect to Agent services such office shall also mean
the office or agency of the Trustee located at 608 Second Avenue South, N9303-121, Minneapolis, MN 55479, Attn: Corporate Trust Operations, or such other address as the Trustee may designate from time to time by notice to the Holders and the
Company, or the principal corporate trust office of any successor Trustee. 
 “corporation” means any
corporation and any association, partnership, limited liability company or business trust. 
 “Covenant
Defeasance” has the meaning specified in Section 13.3. 
 “Debt” has the meaning specified in
Section 10.6. 
 “Defaulted Interest” has the meaning specified in Section 3.7. 

“Depositary” means with respect to the Securities of any series issuable or issued in whole or in part in global form,
the Person designated as Depositary by the Company pursuant to Section 3.1(c) until a successor Depositary shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Depositary” shall mean or
include each Person who is then a Depositary hereunder, and if at any time there is more than one such Person, “Depositary” as used with respect to the Securities of any such series shall mean the “Depositary” with respect to the
Securities of that series. 
 “Dollars” or “$” or any similar reference shall mean currency of
the United States, which at the time shall be legal tender for the payment of public and private debts. 

“DTC” means The Depository Trust Company. 
 “DTC Custodian” means the Trustee as custodian with respect to the global Securities or any successor entity thereto. 

“Event of Default” has the meaning specified in Section 5.1. 

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

“Foreign Merger Transaction” means any transaction under Section 8.1 in which the Company or the surviving entity
exists under the laws of or is a tax resident of a jurisdiction other than the United States. 
 “Funded Debt”
means all Debt (i) having a maturity of more than 12 months from the date as of which the amount thereof is to be determined or having a maturity of less than 12 months but by its terms being renewable or extendible beyond 12 months from such
date at the option of the obligor and (ii) ranking at least pari passu with the Securities. 

“Holder” when used with respect to any Security means the Person in whose name the Security is registered in the
Security Register. 
 “Indenture” means this instrument as originally executed or as it may from time to time
be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument, and any such supplemental indenture, the provisions of the Trust

  
 3 

 
Indenture Act that are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of
particular series of Securities established as contemplated by Section 3.1. 
 “Interest” when used with
respect to an Original Issue Discount Security that by its terms bears interest only after Maturity means interest payable after Maturity, and, when used with respect to a Security that provides for the payment of Additional Amounts pursuant to
Section 10.4, includes such Additional Amounts. 
 “Interest Payment Date” means the Stated Maturity of an
installment of interest on the applicable Securities. 
 “Legal Defeasance” has the meaning specified in
Section 13.2. 
 “Lien” has the meaning specified in Section 10.6. 

“Material Adverse Effect” has the meaning specified in Section 10.6. 

“Maturity” when used with respect to any Security means the date on which the principal of such Security or an
installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, notice of redemption or otherwise. 

“Officers’ Certificate” means a certificate signed by the Chairman of the Board, the President, any Vice President
of the Company, and by the Chief Financial Officer, Treasurer, the Secretary, an Assistant Treasurer or an Assistant Secretary of the Company, and delivered to the Trustee. Unless otherwise specified herein, each such certificate shall include the
statements provided for in Section 1.2. 
 “Opinion of Counsel” means a written opinion of counsel, who
may (except as otherwise expressly provided in this Indenture) be an employee of or counsel for the Company, or other counsel acceptable to the Trustee. Unless otherwise specified herein, each such opinion shall include the statements provided for
in Section 1.2 as required by the Trust Indenture Act. 
 “Original Issue Discount Security” means a
Security issued pursuant to this Indenture that provides for declaration of an amount less than the principal thereof to be due and payable upon acceleration pursuant to Section 5.2. 

“Outstanding” when used with respect to Securities means, as of the date of determination, all Securities theretofore
authenticated and delivered under this Indenture, except: 
 (i) Securities theretofore cancelled by the Trustee
or delivered to the Trustee for cancellation; 
 (ii) Securities for whose payment or redemption money in the
necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such
Securities; provided, that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

(iii) Securities as to which Legal Defeasance has been effected pursuant to Section 13.2; and 

(iv) Securities that have been paid pursuant to Section 3.6 or in exchange for or in lieu of which other Securities
have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in
whose hands such Securities are valid obligations of the Company: 
 provided, however, that in determining whether the Holders of
the requisite principal amount of Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount Security that may be counted in making such
determination and that 

  
 4 

 
shall be deemed to be outstanding for such purposes shall be equal to the amount of the principal thereof that could be declared to be due and payable pursuant to the terms of such Original Issue
Discount Security at the time the taking of such action by the Holders of such requisite principal amount is evidenced to the Trustee as provided in Section 1.4(a), and, provided, further, that Securities owned beneficially by the Company or
any other obligor upon the Securities or any Affiliate (other than officers or directors of the Company) of the Company or such other obligor, shall be disregarded and deemed not to be outstanding, except that, in determining whether the Trustee
shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities that the Trustee knows to be so owned shall be so disregarded. Securities so owned that have been pledged in good faith
may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the Company or any other obligor upon the Securities or any
Affiliate of the Company or such other obligor. In the case of a dispute as to such right, the advice of counsel shall be full protection in respect of any decision made by the Trustee in accordance with such advice. Upon request of the Trustee, the
Company shall furnish to the Trustee promptly an Officers’ Certificate listing and identifying all securities known by the Company to be owned or held by or for the account of any of the above-described persons; and, subject to the terms of
this Indenture, the Trustee shall be entitled to accept such Officers’ Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities not listed therein are outstanding for the purpose of any such
determination. 
 “Paying Agent” means any Person authorized by the Company to pay the principal of (and
premium, if any) or interest on any Securities on behalf of the Company. 
 “Payment Default” has the meaning
specified in Section 5.1. 
 “Person” means any individual, corporation, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment” when used with respect to the Securities of any series means the place or places where, subject to the provisions of Section 10.2, the principal of (and premium,
if any) and interest on the Securities of that series are payable as specified as provided pursuant to Section 3.1. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same
debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in exchange for or in lieu of a lost, destroyed, mutilated or stolen Security shall be
deemed to evidence the same debt as the lost, destroyed, mutilated or stolen Security. 
 “Principal Property”
means, as of any date, any building, structure or other facility together with the underlying land and its fixtures, used primarily for manufacturing, processing, research, warehousing, distribution or production, in each case located in the United
States, and owned or leased or to be owned or leased by the Company or any Restricted Subsidiary, and in each case the gross book value of which as of such date exceeds 1.5% of Consolidated Net Tangible Assets measured as of the end of the most
recent quarter for which financial statements are available, other than any such land, building, structure or other facility or portion thereof which, in the opinion of the Board of Directors of the Company, is not of material importance to the
business conducted by the Company and its subsidiaries, considered as one enterprise. 
 “Redemption Date” when
used with respect to any Security to be redeemed means the date fixed for such redemption by or pursuant to this Indenture, including a Tax Redemption Date, as applicable. 
 “Redemption Price” when used with respect to any Security to be redeemed means the price at which it is to be redeemed as determined pursuant to the provisions of this Indenture.

 “Registered Security” means any Security established pursuant to Section 2.1 that is registered in the
Security Register. 
 “Regular Record Date” for the interest payable on a Security on any Interest Payment Date
means the date, if any, specified in such Security as the “Regular Record Date.” 
 “Relevant Taxing
Jurisdiction” has the meaning specified in Section 10.4. 

  
 5 

 “Responsible Officer” when used with respect to the Trustee means the
president, any vice president (whether or not designated by a number or a word or words added before or after the title “vice president”), any assistant treasurer, any senior trust officer or trust officer, or any other officer of the
Trustee customarily performing functions similar to those performed by any of the above designated officers who shall have direct responsibility for the administration of this Indenture, and also means, with respect to a particular corporate trust
matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 
 “Restricted Subsidiary” means any Subsidiary of the Company which owns or leases a Principal Property. 
 “Sale and Leaseback Transaction” has the meaning specified in Section 10.7. 
 “Security” or “Securities” means any Security or Securities, as the case may be, authenticated and delivered under this Indenture. 

“Security Register” and “Security Registrar” have the respective meanings specified in
Section 3.5. 
 “Special Record Date” for the payment of any Defaulted Interest on the Securities of any
series means a date fixed by the Trustee pursuant to Section 3.7. 
 “Stated Maturity” when used with
respect to any Security or any installment of principal thereof or interest thereon means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable.

 “Subsidiary” means any corporation of which at the time of determination the Company and/or one or more
Subsidiaries owns or controls directly or indirectly more than 50% of the Voting Shares. 
 “Tax Redemption
Date” has the meaning specified in Section 11.8. 
 “Taxes” has the meaning specified in
Section 10.4. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, as in force at
the date as of which this instrument was executed; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment,
the Trust Indenture Act of 1939 as so amended. 
 “Trustee” means the Person named as the “Trustee”
in the first paragraph of this instrument until a successor Trustee shall have become such with respect to one or more series of Securities pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean each
Person who is then a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” shall mean each such Person and as used with respect to the Securities of any series shall mean the Trustee with respect to the
Securities of that series. 
 “United States” or “U.S.” means the United States of America
(including the states and the District of Columbia), its territories and possessions and other areas subject to its jurisdiction. 
 “U.S. Government Obligations” means securities that are (i) direct obligations of the United States for the payment of which its full faith and credit is pledged or
(ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States, that,
in either case under clauses (i) or (ii), are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such U.S.
Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt; provided, that (except as required by law) such
custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the specific payment of interest on or
principal of the U.S. Government Obligation evidenced by such depository receipt. 
 “U.S.A. Patriot Act” has
the meaning specified in Section 1.17. 

  
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 “Voting Shares” means shares of stock (or similar equity interests) of the
class or classes having general voting power under ordinary circumstances to elect at least a majority of the board of directors, managers or trustees of a corporation provided that, for the purposes hereof, shares of stock (or similar equity
interests) that carry only the right to vote conditionally on the happening of an event shall not be considered voting shares whether or not such event shall have happened. 
 Section 1.2 Compliance Certificates and Opinions. 
 Upon any
application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act. Each such
certificate or opinion shall be given in the form of an Officers’ Certificate, if to be given by an officer of the Company, or an Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act
and any other requirements set forth in this Indenture. 
 Every certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture shall include: 
 (a) a statement that each individual signing such
certificate or opinion has read such condition or covenant and the definitions herein relating thereto; 
 (b) a brief statement
as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such condition
or covenant has been complied with; and 
 (d) a statement as to whether, in the opinion of each such individual, such condition
or covenant has been complied with. 
 Section 1.3 Form of Documents Delivered to Trustee. 

In any case where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary
that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more
other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters,
upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his certificate
or opinion is based are erroneous. Any Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company, unless such counsel knows, or in the
exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. Any Opinion of Counsel may contain customary assumptions, qualifications, exceptions and limitations. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 Any certificate,
statement or opinion of an officer of the Company or of counsel may be based insofar as it relates to accounting matters, upon a certificate or opinion of or representations by a firm of accountants or an accountant in the employ of the Company,
unless such officer or counsel, as the case may be, knows that the certificate or opinion or representations with respect to the accounting matters upon which his certificate, statement or opinion may be based as aforesaid are erroneous, or in the
exercise of reasonable care should know that the same are erroneous. 

  
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 Any certificate or opinion of any independent firm of public accountants filed with the
Trustee shall contain a statement that such firm is independent. 
 Section 1.4 Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken
by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agent duly appointed in writing. Except as herein otherwise expressly provided, such action shall become
effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a Security, shall be sufficient for any
purpose of this Indenture and (subject to Section 6.1) conclusive in favor of the Trustee and the Company and any agent of the Trustee or the Company, if made in the manner provided in this Section. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved in any reasonable manner that the
Trustee deems sufficient and in accordance with such reasonable rules as the Trustee may determine; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this Section. 

(c) The ownership of Securities and the principal amount and serial numbers of Securities held by any Person, and the date of holding the
same, shall be proved by the Security Register. 
 (d) If the Company shall solicit from the Holders of any Securities any
request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by Board Resolution, fix in advance a record date for the determination of Holders of Securities entitled to give such request, demand,
authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given
before or after such record date, but only the Holders of Securities of record at the close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding
Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided,
that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 

(e) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Security shall bind every
future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or suffered to be done by the Trustee, any Security
Registrar, any Paying Agent or the Company in reliance thereon, whether or not notation of such action is made upon such Security. 
 Section 1.5 Notices, Etc., to Trustee and Company. 
 Any request,
demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 

(a) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished or filed in
writing to or with the Trustee at its Corporate Trust Office, Attention: Corporate Trust Administration, or 
 (b) the Company
by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, or overnight courier guaranteeing next day delivery, to the Company
addressed to the attention of its chief financial officer at the address of its principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company. 

  
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 Section 1.6 Notice to Holders of Securities; Waiver. 

Except as otherwise expressly provided herein or in the form of Securities of any particular series pursuant to the provisions of this
Indenture, where this Indenture provides for notice to Holders of Securities of any event, such notice shall be sufficiently given to Holders of Securities if in writing and mailed, first-class postage prepaid, to each Holder of a Security affected
by such event, at his address as it appears in the Security Register (or, to the extent permitted or required by applicable DTC procedures or regulations, sent electronically), not later than the latest date, and not earlier than the earliest date,
prescribed for the giving of such notice. 
 In any case where notice to Holders of Securities is given by mail, neither the
failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder of a Security shall affect the sufficiency of such notice with respect to other Holders of Securities. In the case by reason of the suspension of regular
mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder.

 Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to
receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders of Securities shall be filed with the Trustee, but such filing shall not be a condition precedent to the
validity of any action taken in reliance upon such waiver. 
 Section 1.7 Language of Notices, Etc. 

Any request, demand, authorization, direction, notice, consent, election or waiver required or permitted under this Indenture shall be in
the English language, except that, if the Company so elects, any published notice may be in an official language of the country of publication. 
 Section 1.8 Conflict with Trust Indenture Act. 
 If any provision
hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act that is required under the Trust Indenture Act to be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture
modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 

Section 1.9 Effect of Headings and Table of Contents. 

The Article and Section headings herein, the Trust Indenture Act reconciliation, and the Table of Contents are for convenience only and
shall not affect the construction hereof. 
 Section 1.10 Successors and Assigns. 

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

 Section 1.11 Separability Clause. 
 In case any provision in this Indenture or the Securities shall be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions shall not in any way be affected
or impaired thereby. 
 Section 1.12 Benefits of Indenture. 

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

Section 1.13 Governing Law. 
 This Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York. 

  
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 Section 1.14 Legal Holidays. 

In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business Day at any Place
of Payment, then (notwithstanding any other provision of this Indenture or the Securities other than a provision in the Securities that specifically states that such provision shall apply in lieu of this Section) payment of interest or any
Additional Amounts or principal (and premium, if any) need not be made at such Place of Payment on such date, but shall be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest
Payment Date or Redemption Date, or at the Stated Maturity, and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be. 

Section 1.15 Waiver of Jury Trial. 
 EACH OF THE COMPANY, THE TRUSTEE AND EACH HOLDER OF ANY SECURITY BY ITS ACCEPTANCE THEREOF HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY
IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. 

Section 1.16 Force Majeure. 
 In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its
control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities,
communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts that are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the
circumstances. 
 Section 1.17 U.S.A. Patriot Act. 

The parties hereto acknowledge that in accordance with Section 326 of the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism (U.S.A. Patriot Act) Act of 2001, as amended (the “U.S.A. Patriot Act”), the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money
laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties hereto agree that they will provide the Trustee with such
information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 
 ARTICLE 2

 SECURITY FORMS 
 Section 2.1 Forms Generally. 
 The Securities, if any, of each series
and Securities in global form, if any, shall be in the form established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, shall have appropriate insertions, omissions, substitutions and other variations as are
required or permitted by this Indenture or any indenture supplemental hereto and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be determined by the
officers of the Company executing such Securities, as evidenced by their execution of such Securities. If the forms of the Securities of any series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of
such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 3.3 for the authentication and delivery of such
Securities. 

  
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 Unless otherwise provided as contemplated by Section 3.1 with respect to any series of
Securities, the Securities of each series shall be issuable in registered form without coupons. 
 The definitive Securities
shall be printed, lithographed or engraved or produced by any combination of these methods on a steel engraved border or steel engraved borders or may be produced in any other manner, all as determined by the officers of the Company executing such
Securities, as evidenced by their execution of such Securities. 
 Section 2.2 Form of Trustee’s Certificate of
Authentication. 
 The Trustee’s Certificate of Authentication shall be in substantially the following form: 

This is one of the Securities of the series designated therein referred to in the within mentioned Indenture. 

 

			
	Wells Fargo Bank, National Association, as Trustee
		
	By:	 	  

		 	Authorized Signatory
		
	Dated:	 	  

 Section 2.3 Securities in Global Form. 

If Securities of a series are issuable in whole or in part in global form, any such Security may provide that it shall represent the
aggregate amount of Outstanding Securities from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be reduced to reflect exchanges or increased to reflect
the issuance of additional Securities. Any endorsement of a Security in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made in such manner and by such Person or
Persons, as shall be specified therein or in the Company Order delivered to the Trustee pursuant to Section 3.3. 

ARTICLE 3 

THE SECURITIES 
 Section 3.1 Amount Unlimited; Issuable in Series. 
 The aggregate
principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. 
 The Securities may
be issued in one or more series. There shall be established in or pursuant to a Board Resolution, and set forth in an Officers’ Certificate, or established in one or more indentures supplemental hereto prior to the issuance of Securities of any
series: 
 (a) the title of the Securities and the series in which such Securities shall be included; 

(b) the limit, if any, upon the aggregate principal amount of the Securities of such title and the Securities of such series that may be
authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 3.4, 3.5, 3.6, 9.6 or
11.7); 

  
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 (c) whether Securities of the series may be issued in whole or in part in global form and,
if so, the identity of the Depositary for such Securities in global form, and the terms and conditions, if any, upon which interests in such Securities in global form may be exchanged, in whole or in part, for the individual Securities represented
thereby; 
 (d) the date or dates on which the principal of such Securities is payable; 

(e) the rate or rates at which such Securities shall bear interest, if any, or method by which such rate or rates are determined, the
date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest shall be payable and the Regular Record Date for the interest payable on Registered Securities on any Interest Payment Date, whether and under
what circumstances Additional Amounts on such securities shall be payable in respect of specified taxes, assessments or other governmental charges withheld or deducted and, if so, whether the Company has the option to redeem the affected Securities
rather than pay such Additional Amounts, and the basis upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day months; 
 (f) the place or places, if any, in addition to or other than the Corporate Trust Office, where the principal of (and premium, if any) and interest on or Additional Amounts, if any, payable in respect of
such Securities shall be payable, where such Securities may be surrendered for registration of transfer, where such Securities may be surrendered for exchange and where notice and demands to or upon the Company, in respect of such Securities and
this Indenture, may be served and where notices to Holders pursuant to Section 1.6 will be published; 
 (g) the period or
periods within which, the price or prices at which and the terms and conditions upon which such Securities may be redeemed, in whole or in part, at the option of the Company or a Holder; 

(h) the obligation, if any, of the Company to redeem such Securities pursuant to any sinking fund and the period or periods within which,
the price or prices at which and the terms and conditions upon which such Securities shall be redeemed in whole or in part, pursuant to such obligation; 
 (i) the denominations in which Securities of the series, if any, shall be issuable if other than denominations of $2,000 and any integral multiples of $1,000 in excess thereof; 

(j) if other than the principal amount thereof, the portion of the principal amount of such Securities that shall be payable upon
acceleration of the Maturity thereof pursuant to Section 5.2; 
 (k) if the amount of payments of principal of (and
premium, if any) or interest, if any, on, and Additional Amounts in respect of such Securities may be determined with reference to an index, formula or other method other than that in which the Securities are stated to be payable, the manner in
which such amounts shall be determined; 
 (l) if the Securities of such series are to be issuable in definitive
form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and terms of such certificates, documents
or conditions; 
 (m) any Events of Default with respect to Securities of such series, if not otherwise set forth herein, or any
changes or deletions to any Events of Default; 
 (n) whether and upon what terms the Securities of any series may be defeased
if different from the provisions set forth herein; 
 (o) any addition or change to the covenants set forth in Article 10 which
applies to Securities of the series; 
 (p) the currency, currencies or currency units in which payment of principal of (and
premium, if any) or interest, if any, on, and Additional Amounts in respect of any Securities of the series shall be payable if other than the currency of the United States of America; 

  
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 (q) principal of (and premium, if any) or interest, if any, on, and Additional Amounts in
respect of any Securities of the series is to be payable, at the election of the Company or a Holder thereof, in one or more currencies or currency units other than that or those in which the Securities are stated to be payable, the currency,
currencies or currency units in which principal of (and premium, if any) or interest, if any, on, and Additional Amounts in respect of any Securities of such series as to which such election is made shall be payable, and the periods within which and
the terms and conditions upon which such election is to be made; 
 (r) whether the Securities will be guaranteed; 

(s) whether the Securities will have any conversion features; and 

(t) any other terms of such Securities (which terms shall not be inconsistent with the provisions of this Indenture). 

All Securities of any one series shall be substantially identical except as to denomination and the rate or rates of interest, if any,
issue date, issue price, redemption dates and sinking fund dates, if any, and Stated Maturity, the date from which interest, if any, shall accrue, the amount that shall be payable upon the declaration of acceleration and except as may otherwise be
provided in or pursuant to such Board Resolution and set forth in such Officers’ Certificate or in any such indenture supplemental hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided, a
series may be reopened for issuances of additional Securities of such series. 
 If any of the terms of the Securities of any
series were established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the
delivery of the Officers’ Certificate setting forth the terms of such series. 
 Section 3.2 Denominations.

 Unless other denominations and amounts may from time to time be fixed by or pursuant to a Board Resolution, the Registered
Securities of each series, if any, shall be issuable in registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 in excess thereof. 
 Section 3.3 Execution, Authentication, Delivery and Dating. 
 The
Securities shall be executed on behalf of the Company by its Chairman of the Board, President, any Vice President or its Treasurer under its corporate seal (if any) reproduced thereon and attested by its Secretary or one of its Assistant
Secretaries. The signature of any of these officers on the Securities may be manual or facsimile in the form of a .pdf attachment or by other means of electronic transmission showing such signature. The seal of the Company (if any) may be in the
form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Securities. Typographical and other minor errors or defects in any such reproduction of the seal (if any) or any such signature shall not affect the
validity or enforceability of any Security that has been duly authenticated and delivered by the Trustee. 
 Securities bearing
the signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such
Securities or did not hold such offices at the date of such Securities. 
 At any time and from time to time after the execution
and delivery of this Indenture, the Company may deliver Securities of any series, executed by the Company, to the Trustee for authentication, together with the Board Resolution and Officers’ Certificate or supplemental indenture with respect to
such Securities referred to in Section 3.1 and a Company Order for the authentication and delivery of such Securities, and the Trustee in accordance with the Company Order and subject to the provisions hereof shall authenticate and deliver such
Securities. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to Section 6.1) shall be fully protected in
relying upon, an Opinion of Counsel stating, 

  
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 (a) that the form and terms of such Securities have been established in conformity with the
provision of this Indenture; 
 (b) that all conditions precedent set forth in this Indenture to the authentication and delivery
of such Securities have been complied with and that such Securities, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute valid
and legally binding obligations of the Company, enforceable against the Company in accordance with their terms, subject to bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other laws of general applicability relating to
or affecting the enforcement of creditors’ rights and to general equity principles; and 
 (c) as to such other matters as
the Trustee may reasonably request; 
 provided, however, that if all the Securities of any series are not to be issued at one
time, it shall not be necessary to deliver an Opinion of Counsel at the time of issuance of each Security, but such Opinion of Counsel, with appropriate modifications, may instead be delivered at or prior to the time of the first issuance of
Securities of such series. 
 The Trustee shall not be required to authenticate such Securities if the issue of such Securities
pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee or if the Trustee, being advised by counsel,
determines that such action may not lawfully be taken. 
 If the Company shall establish pursuant to Section 3.1 that
Securities of a series may be issued in whole or in part in global form, then the Company shall execute and the Trustee shall, in accordance with this Section and the Company Order with respect to such series, authenticate and deliver one or more
Securities in global form that (i) shall represent and shall be denominated in an authorized aggregate amount equal to the aggregate principal amount of the Outstanding Securities of such series and tenor to be represented by one or more
Securities in global form, (ii) shall be registered, in the name of the Depositary for such Security or Securities in global form or the nominee of such Depositary, (iii) shall be delivered to such Depositary or pursuant to such
Depositary’s instruction and (iv) shall bear a legend substantially to the following effect: “Unless and until it is exchanged in whole or in part for Notes in certificated form, this Note may not be transferred except as a whole by
the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.
Unless this certificate is presented by an authorized representative of The Depository Trust Company (55 Water Street, New York, New York) to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is
registered in the name of CEDE & CO. or such other name as requested by an authorized representative of The Depository Trust Company and any payment is made to CEDE & CO., any transfer, pledge or other use hereof for value or
otherwise by or to any person is wrongful since the registered owner hereof, CEDE & CO., has an interest herein.” Each Depositary designated pursuant to Section 3.1 for a Security in global form must, at the time of its
designation and at all times while it serves as Depositary, be a clearing agency registered under the Exchange Act and any other applicable statute or regulation. Neither the Trustee nor any Agent shall have the responsibility for any actions taken
or not taken by the Depositary. 
 Each Security shall be dated the date of its authentication. 

No Security shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such
Security a certificate of authentication substantially in the form provided for in Section 2.2 or 6.14 executed by or on behalf of the Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Security
shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and
sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.9 for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered
hereunder and shall never be entitled to the benefits of this Indenture. 

  
 14 

 Section 3.4 Temporary Securities. 

Pending the preparation of definitive Securities of any series, the Company may execute and deliver to the Trustee, and upon Company Order
the Trustee shall authenticate and deliver, in the manner provided in Section 3.3, temporary Securities of such series that are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination,
substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered form without coupons and with such appropriate insertions, omissions, substitutions and other variations as the officers of the Company executing
such Securities may determine, as evidenced by their execution of such Securities. In the case of Securities of any series, such temporary Securities may be in global form, representing all of the Outstanding Securities of such series and tenor.

 Except in the case of temporary Securities in global form, which shall be exchanged in accordance with the provisions
thereof, if temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities, the temporary Securities of such series
shall be exchangeable upon request for definitive Securities of such series containing identical terms and provisions upon surrender of the temporary Securities of such series at an office or agency of the Company maintained for such purpose
pursuant to Section 10.2, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like
principal amount of definitive Securities of authorized denominations of the same series containing identical terms and provisions. Unless otherwise specified as contemplated by Section 3.1 with respect to a temporary Security in global form,
until so exchanged the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series. 
 Section 3.5 Registration, Transfer and Exchange. 
 With respect to the
Securities of each series, if any, the Company shall cause to be kept, at an office or agency of the Company maintained pursuant to Section 10.2, a register (herein sometimes referred to as the “Security Register”) in which, subject
to such reasonable regulations as it may prescribe, the Company shall provide for the registration of the Securities of each series and of transfers of the Securities of each series. The Trustee is hereby appointed “Security Registrar” for
the purpose of registering Securities and transfers and exchanges of Securities as herein provided; provided, that the Company may, from time to time, designate (or change any designation of) any other Person or Persons to act as Security
Registrar or co-Security Registrars with respect to the Securities of one or more series, with notice to the Trustee and as provided in Section 1.6 to the Holders. At all reasonable times the Security Register shall be open for inspection by
the Company. In the event that the Trustee shall not be the Security Registrar, it shall have the right to examine the Security Register at all reasonable times. 
 Upon surrender for registration of transfer of any Security of any series at any office or agency of the Company maintained for that series pursuant to Section 10.2, the Company shall execute, and
the Trustee, at the direction of the Company, shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series of an authorized denomination, of a like aggregate principal amount
bearing a number not contemporaneously outstanding and containing identical terms and provisions. 
 Notwithstanding any other
provision of this Section, unless and until it is exchanged in whole or in part for the individual Securities represented thereby, in definitive form, a Security in global form representing all or a portion of the Securities of a series may not be
transferred except as a whole by the Depositary for such series to a nominee of such Depositary or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor
Depositary for such series or a nominee of such successor Depositary. 
 At the option of the Holder, Securities of any series
may be exchanged for other Securities of the same series containing identical terms and provisions, in any authorized denominations, and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at any such office or
agency of the Company maintained for that series pursuant to Section 10.2. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee, at the direction of the Company, shall authenticate and deliver, the
Securities that the Holder making the exchange is entitled to receive. 

  
 15 

 If at any time the Depositary for the Securities of a series notifies the Company that it is
unwilling or unable to continue as Depositary for the Securities of such series or if at any time the Depositary for the Securities of such series shall no longer be eligible under Section 3.3, the Company, by Company Order, shall appoint a
successor Depositary with respect to the Securities of such series. If a successor Depositary for the Securities of such series is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such
ineligibility, the Company’s election pursuant to Section 3.1(c) shall no longer be effective with respect to the Securities of such series and the Company will execute, and the Trustee, upon receipt of a Company Order for the
authentication and delivery of definitive Securities of such series, will authenticate and deliver, Securities of such series in definitive form in an aggregate principal amount and of like terms and tenor equal to the principal amount of the
Security or Securities in global form representing such series in exchange for such Security or Securities in global form. 

The Company may at any time and in its sole discretion determine that individual Securities of any series issued in global form shall no
longer be represented by such Security or Securities in global form. In such event the Company will execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of individual definitive Securities of such series and
of the same terms and tenor, will authenticate and deliver individual Securities of such series in definitive form in authorized denominations and in an aggregate principal amount equal to the principal amount of the Security or Securities in global
form representing such series in exchange for such Security or Securities in global form. 
 If specified by the Company
pursuant to Section 3.1 with respect to a series of Securities, the Depositary for such series of Securities may surrender a Security in global form for such series of Securities in exchange in whole or in part for individual Securities of such
series in definitive form and of like terms and tenor on such terms as are acceptable to the Company, the Trustee and such Depositary. Thereupon, the Company shall execute, and the Trustee upon receipt of a Company Order for the authentication and
delivery of individual definitive Securities of such series, shall authenticate and deliver, without service charge: 
 (a) to
the Depositary or to each Person specified by such Depositary a new individual Security or Securities of the same series and of the same tenor, of authorized denominations, in aggregate principal amount equal to and in exchange for such
Person’s beneficial interest in the Security in global form; and 
 (b) to such Depositary a new Security in global form in
a denomination equal to the difference, if any, between the principal amount of the surrendered Security in global form and the aggregate principal amount of the individual Securities delivered to Holders thereof. 

In any exchange provided for in any of the preceding three paragraphs, the Company will execute and the Trustee pursuant to a Company
Order will authenticate and deliver individual Securities in definitive registered form in authorized denominations. 
 Upon the
exchange of a Security in global form for Securities in definitive form, at the direction of the Company, such Security in global form shall be cancelled by the Trustee. Securities issued in exchange for a Security in global form pursuant to this
Section shall be registered in such names and in such authorized denominations as the Depositary for such Security in global form, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee in writing.
The Trustee shall deliver such Securities to the persons in whose names such Securities are so registered or to the Depositary. 

Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee, at the direction of the Company,
shall authenticate and deliver, the Securities that the Holder making the exchange is entitled to receive. 
 All Securities
issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration
of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange or redemption
shall (if so required by the Company or the Security Registrar for such series of Security presented) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and such Security Registrar duly
executed by the Holder thereof or his attorney duly authorized in writing. 

  
 16 

 No service charge shall be made for any registration of transfer or exchange of Securities,
but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.4,
9.6 or 11.7 not involving any transfer. 
 The Company shall not be required (i) to issue, register the transfer of or
exchange any Securities of any series during a period beginning at the opening of business 15 days before the day of the selection for redemption of Securities of that series under Section 11.3 and ending at the close of business on the day of
such selection, or (ii) to register the transfer of or exchange any Security so selected for redemption in whole or in part, except in the case of any Security to be redeemed in part, the portion thereof not to be redeemed. 

Section 3.6 Mutilated, Destroyed, Lost and Stolen Securities. 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee, at the direction of the Company, shall
authenticate and deliver in exchange therefor a new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Company and to the Trustee (i) evidence to their satisfaction of the destruction, loss or theft
of any Security, and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by
a bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such destroyed, lost or stolen Security, a new Security of the same series containing identical terms
and of like principal amount and bearing a number not contemporaneously outstanding. 
 In case any such mutilated, destroyed,
lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the Trustee) connected therewith. 
 Every new Security of any series
issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable
by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any all other Securities of that series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen
Securities. 
 Section 3.7 Payment of Interest; Interest Rights Preserved. 

Interest on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall, if so provided
in such Security, be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered as of the close of business on the Regular Record Date for such interest. 

Any interest on any Security of any series that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date
for such Security (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Company, at
its election in each case, as provided in clause (a) or (b) below: 
 (a) The Company may elect to make payment
of any Defaulted Interest to the Persons in whose names the Securities affected (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be
fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with
the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall 

  
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make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to
such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest, which shall be not more than 15 days and not less than 10 days prior to the date of the proposed
payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause
notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first class postage prepaid, to each Holder of such Securities at his address as it appears in the Security Register not less than 10 days
prior to such Special Record Date. The Trustee may, in its discretion, in the name and at the expense of the Company, cause a similar notice to be published at least once in a newspaper, customarily published in the English language on each Business
Day and of general circulation in the Borough of Manhattan, The City of New York, but such publication shall not be a condition precedent to the establishment of such Special Record Date. Notice of the proposed payment of such Defaulted Interest and
the Special Record Date therefor having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on such
Special Record Date and shall no longer be payable pursuant to the following clause (b). 
 (b) The Company may make
payment of any Defaulted Interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given
by the Company to the Trustee of the proposed payment pursuant to this clause, such payment shall be deemed practicable by the Trustee. 
 Interest on Securities of any series that bear interest may be paid by mailing a check to the address of the person entitled thereto as such address shall appear in the Security Register or by wire
transfer or other electronic means. 
 Subject to the foregoing provisions of this Section and Section 3.5, each Security
delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

Section 3.8 Persons Deemed Owners. 
 Prior to due presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered as
the owner of such Security for the purpose of receiving payment of principal of (and premium, if any), and (subject to Sections 3.5 and 3.7) interest on and Additional Amounts with respect to, such Security and for all other purposes
whatsoever, whether or not such Security be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

None of the Company, the Trustee, any Authenticating Agent, any Paying Agent, the Security Registrar or any co-Security Registrar will
have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Security in global form or for maintaining, supervising or reviewing any records relating to such
beneficial ownership interests and each of them may act or refrain from acting without liability on any information relating to such records provided by the Depositary. 
 Section 3.9 Cancellation. 
 All Securities surrendered for payment,
redemption, repayment, registration of transfer or exchange or for credit against any sinking fund payment, if surrendered to any Person other than the Trustee, shall be delivered to the Trustee, and any such Securities and Securities surrendered
directly to the Trustee for any such purpose shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired
in any manner whatsoever, and all Securities so delivered shall be promptly cancelled by the Trustee at the direction of the Company. No securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this
Section, except as expressly permitted by this Indenture. All cancelled Securities held by the Trustee shall be cancelled by it in its customary manner and it shall dispose of canceled Securities in accordance with its procedures for the disposition
of canceled securities in effect as of the date of such disposition (subject to the record retention requirements of the Exchange Act). 

  
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 Section 3.10 Computation of Interest; Calculations. 

Except as otherwise contemplated by Section 3.1 for Securities of any series, interest on the Securities of each series shall be
computed on the basis of a 360-day year of twelve 30-day months. 
 The Company shall be responsible for making calculations
called for under the Securities, including but not limited to determination of Redemption Price, premium, if any, and any Additional Amounts or other amounts payable on the Securities. The Company will make the calculations in good faith and, absent
manifest error, its calculations will be final and binding on the Holders. The Company will provide a schedule of its calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the
Company’s calculations without independent verification. The Trustee shall forward the Company’s calculations to any Holder of the Securities upon the written request of such Holder. 

Section 3.11 CUSIP Numbers. 
 The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use) and, if so, the Trustee shall use “CUSIP” numbers in notices as a convenience to Holders;
provided, that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice and that reliance may be placed only on the other identification
numbers printed on the Securities, and any such notice shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 

ARTICLE 4 

SATISFACTION AND DISCHARGE 
 Section 4.1 Satisfaction and Discharge of Indenture. 
 Upon the
direction of the Company by a Company Order, this Indenture shall cease to be of further effect (except as to any surviving rights of registration of transfer or exchange of Securities herein expressly provided for, rights, obligations, duties and
immunities of the Trustee set forth in the last paragraph of this Section and any right to receive Additional Amounts, as provided in Section 10.4), and the Trustee, pursuant to a Company Order and at the expense of the Company, shall execute
proper instructions acknowledging satisfaction and discharge of this Indenture, when: 
 (a) either: 

(i) all Securities theretofore authenticated and delivered (other than (A) Securities that have been destroyed, lost
or stolen and that have been replaced or paid as provided in Section 3.6, and (B) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the
Company or discharged from such trust, as provided in Section 10.3) have been delivered to the Trustee for cancellation; or 
 (ii) all such Securities not theretofore delivered to the Trustee for cancellation: 
 (1) have become due and payable, or 
 (2) will become due and
payable at their Stated Maturity within one year, or 
 (3) if redeemable at the option of the Company, are to be
called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 

  
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 and the Company, in the case of (1), (2) or (3) above, has irrevocably deposited or caused to be
deposited with the Trustee as trust funds in trust for the purpose an amount sufficient to pay and discharge, or U.S. Government Obligations, maturing as to principal and paying interest in such amounts and at such times as will insure the
availability of cash sufficient to pay and discharge, the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal (and premium, if any) and interest, and any Additional Amounts with respect
thereto, to the date of such deposit (in the case of Securities that have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be; 
 (b) the Company has paid or caused to be paid all other sums payable hereunder by the Company; and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and
discharge of this Indenture have been complied with. 
 In the event there are Securities of two or more series hereunder, the
Trustee shall be required to execute an instrument acknowledging satisfaction and discharge of this Indenture only if requested to do so by Company Order with respect to Securities of all series as to which it is Trustee and if the other conditions
thereto are met. In the event there are two or more Trustees hereunder, then the effectiveness of any such instrument shall be conditioned upon receipt of such instruments from all Trustees hereunder. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Holders under Section 10.1
(or the obligations of any guarantor or other obligor with respect to the payment of principal, premium, if any, and interest, as set forth in any supplemental indenture) and to the Trustee under Section 6.7 and, if money shall have been
deposited with the Trustee pursuant to subclause (ii) of clause (a) of this Section, the obligations of the Trustee under Section 4.2 and the last paragraph of Section 10.3 shall survive such satisfaction and discharge.

 Section 4.2 Application of Trust Money. 
 Subject to the provisions of the last paragraph of Section 10.3, all cash or U.S. Government Obligations deposited with the Trustee pursuant to Section 4.1 shall be held in trust and applied by
it, in accordance with the provisions of the Securities, and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled
thereto, of the principal (and premium, if any) and any interest and Additional Amounts for whose payment such cash or U.S. Government Obligations have been deposited with the Trustee; but such cash or U.S. Government Obligations need not be
segregated from other funds except to the extent required by law. 
 ARTICLE 5 

REMEDIES 

Section 5.1 Events of Default. 
 “Event of Default,” wherever used herein with respect to Securities of any series, means any one of the following events (whatever the reason for such Event of Default and whether it shall be
voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

(a) default in the payment of any interest on or any Additional Amounts payable in respect of any of the Securities of such series as and
when such interest or Additional Amounts becomes due and payable, and continuance of such default for a period of 30 days; or 

(b) default in the payment of all or any part of the principal of (and premium, if any, on) any of the Securities of such series as and
when the same becomes due and payable at Maturity, or default in the deposit of any sinking fund payment, when and as due and payable by the terms of any of the Securities of such series; or 

(c) default in the performance, or breach, of any covenant, warranty or agreement in respect of the Securities of such series in this
Indenture or any supplemental indenture (other than a covenant, warranty or agreement a default in whose performance or whose breach is elsewhere in this Section specifically dealt with), and 

  
 20 

 
continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, return receipt requested, or by overnight courier guaranteeing next day
delivery and providing written confirmation thereof, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series a written notice specifying such
default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

(d) a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company in an involuntary case
or proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Company or for
any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 90 consecutive days; or 

(e) the Company shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to
itself or its debts under any bankruptcy, insolvency, reorganization or other similar law now or hereafter in effect or seeking the appointment of a receiver, liquidator, custodian, trustee, sequestrator or other similar official of it or any
substantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment for the
benefit of creditors, or shall admit in writing of its inability to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing; or 
 (f) any other Event of Default provided with respect to Securities of that series; or 
 (g) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any indebtedness of the Company (or the payment of which is guaranteed
by the Company), whether such indebtedness or guarantee now exists or is created after the issue date of Securities of any series, if that default: (i) is caused by a failure to make any payment when due (whether by scheduled maturity, required
prepayment, acceleration, demand or otherwise, and after giving effect to applicable grace periods) of such indebtedness (a “Payment Default”); or (ii) results in the acceleration of such indebtedness prior to its scheduled maturity,
and, in each case, the amount of any such indebtedness, together with the amount of any other indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates to an amount equal to or greater
than the greater of $50 million or 2% of Consolidated Net Tangible Assets; provided, however, that, if the default under the mortgage, indenture or instrument is cured by the Company, or waived by the holders of the indebtedness, in
each case as permitted by the governing mortgage, indenture or instrument, then the Event of Default caused by such default will be deemed likewise to be cured or waived. 
 Section 5.2 Acceleration of Maturity; Rescission and Annulment. 
 If an
Event of Default with respect to the Securities of any series at the time Outstanding (other than an Event of Default specified in Section 5.1(d) or (e)) occurs and is continuing, then, and in each and every case, unless the principal of all of
the Securities of such series shall have already become due and payable, either the Trustee or the Holders of not less than 25% in aggregate principal amount of the Outstanding Securities of such series, by notice in writing to the Company (and to
the Trustee if given by such Holders), may declare the entire principal of all Securities of such series, or such lesser amount as may be provided for in the Securities of such series, and the interest accrued thereon to be due and payable
immediately, and upon any such declaration the same shall become due and payable immediately. 
 If an Event of Default
specified in Section 5.1(d) or (e) occurs and is continuing, then, and in each and every such case, unless the principal of all the Securities shall have already become due and payable, the entire principal of all the Outstanding
Securities, or such lesser amount as may be provided for in the Securities of any series, and interest accrued thereon shall automatically become due and payable immediately without any declaration or other act on the part of the Trustee or any
Holder. 
 At any time after a declaration of acceleration (other than resulting from an Event of Default specified in
Section 5.1(d) or (e)) with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in
principal amount of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may waive all defaults with respect to such series and rescind and annul such declaration and its consequences if: 

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

(i) all overdue installments of interest on and any Additional Amounts payable in respect of all Securities of that
series, 

  
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 (ii) the principal of (and premium, if any, on) any Securities of that
series that have become due otherwise than by such declaration of acceleration and interest thereon at the rate or rates borne by or provided for in such Securities, 

(iii) to the extent that payment of such interest is lawful, interest upon overdue installments of interest and Additional
Amounts at the rate or rates borne by or provided for in such Securities, and 
 (iv) all sums paid or advanced
by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; and 
 (b) all Events of Default with respect to the Securities of that series, other than the non-payment of the principal of the Securities of that series that has become due solely by such declaration of
acceleration, have been cured or waived as provided in Section 5.13. 
 No such rescission shall affect any subsequent
default or impair any right consequent thereon. 
 Section 5.3 Collection of Indebtedness and Suits for Enforcement by
Trustee. 
 The Company covenants that if: 
 (a) default is made in the payment of any installment of interest on or any Additional Amounts payable in respect of any Security when such interest or Additional Amounts shall have become due and payable
and such default continues for a period of 30 days, or 
 (b) default is made in the payment of the principal of (or premium, if
any, on) any Security at its Maturity, 
 the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such
Securities the whole amount then due and payable on such Securities for principal (and premium, if any) and interest and Additional Amounts, if any, and, to the extent that payment of such interest shall be legally enforceable, interest upon the
overdue principal (and premium, if any) and upon overdue installments of interest or any Additional Amounts, at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount as shall be sufficient to
cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 
 If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so
due and unpaid, and may prosecute such proceeding to judgment or final decree, and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by
law out of the property of the Company or any other obligor upon such Securities, wherever situated. 
 If an Event of Default
with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the
Trustee shall deem necessary to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

  
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 Section 5.4 Trustee May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be
due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention
in such proceeding or otherwise, 
 (a) to file and prove a claim for the whole amount, or such lesser amount as may be provided
for in the Securities of that series, of principal (and premium, if any) and interest and any Additional Amounts owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to
have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents or counsel) and of the Holders allowed in such judicial proceeding; and 

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

and any receiver, assignee, trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each
Holder of Securities to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders of Securities, to pay to the Trustee any amount due to it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due the Trustee under Section 6.7. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of a Security any plan of reorganization, arrangement, adjustment or
composition affecting the Securities or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder of a Security in any such proceeding. The Trustee may, on behalf of the Holders, vote for the
election of a trustee in bankruptcy or similar official and be a member of a creditors’ committee or other similar committee. 
 Section 5.5 Trustee May Enforce Claims Without Possession of Securities. 
 All rights of action and claims under this Indenture or any of the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any
proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery or judgment shall, after provision for the payment of the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered. 

Section 5.6 Application of Money Collected. 
 Any money or property collected by the Trustee pursuant to this Article, and after an Event of Default, any money or other property distributable in respect of the Company’s obligations under this
Indenture, shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal (and premium, if any), interest or any Additional Amounts, upon presentation of the
Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 First: To
the payment of all amounts due the Trustee or any predecessor Trustee under Section 6.7; and 
 Second: To the payment of
the amounts then due and unpaid upon the Securities for principal (and premium, if any) and interest and any Additional Amounts payable in respect of which or for the benefit of which such money has been collected, ratably, without preference or
priority of any kind, according to the aggregate amounts due and payable on such Securities for principal (and premium, if any), interest and Additional Amounts, respectively; and 

Third: The balance, if any, to the Company or as a court of competent jurisdiction may direct. 

  
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 Section 5.7 Limitation on Suits. 

No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (a) such Holder has
previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that series; 

(b) the Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to
the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (c) such
Holder or Holders have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities to be incurred in compliance with such request; 

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

Section 5.8 Unconditional Right of Holders to Receive Principal, Premium and Interest. 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and
unconditional, to receive payment of the principal of (and premium, if any) and (subject to Sections 3.5 and 3.7) interest on and any Additional Amounts in respect of such Security on the respective Stated Maturity or Maturities expressed in
such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder. 

Section 5.9 Restoration of Rights and Remedies. 
 If the Trustee or any Holder of a Security has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has
been determined adversely to the Trustee or to such Holder, then and in every such case the Company, the Trustee and the Holders of Securities shall, subject to any determination in such proceeding, be restored severally and respectively to their
former positions hereunder, and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 Section 5.10 Rights and Remedies Cumulative. 
 Except as provided in
Section 5.7 and except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 3.6, no right or remedy herein conferred upon or reserved to the
Trustee or to the Holders of Securities is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now
or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

  
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 Section 5.11 Delay or Omission Not Waiver. 

No delay or omission of the Trustee or of any Holder of any Security to exercise any right or remedy accruing upon any Event of Default
shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to the Holders of Securities may be exercised from time to
time, and as often as may be deemed expedient, by the Trustee or by the Holders of Securities. 
 Section 5.12 Control
by Holders of Securities. 
 The Holders of a majority in principal amount of the Outstanding Securities of any series shall
have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series, provided, that

 (a) such direction shall not be in conflict with any rule of law or with this Indenture or involve the Trustee in any
personal liability; 
 (b) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such
direction; and 
 (c) such direction is not unduly prejudicial to the rights of other Holders of Securities of such series.

 Section 5.13 Waiver of Past Defaults. 
 Prior to a declaration of acceleration of the Maturity of the Securities of any series as provided in Section 5.2 (other than resulting from an Event of Default specified in Section 5.1(d) or
(e)), the Holders of not less than a majority in principal amount of Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default or Event of Default with respect to such series and
its consequences, except a default: 
 (a) in the payment of the principal of (and premium, if any) or interest on or Additional
Amounts payable in respect of any Security of such series, or 
 (b) in respect of a covenant or provision hereof which under
Article 9 cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 
 Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend
to any subsequent or other default or impair any right consequent thereon. 
 Section 5.14 Undertaking for Costs.

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

  
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 ARTICLE 6 
 THE TRUSTEE 
 Section 6.1 Certain Duties and Responsibilities.

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

(i) the Trustee undertakes to perform such duties, and only such duties, as are specifically set forth in this Indenture,
and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (ii) in the
absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements
of this Indenture; but in the case of any such certificates or opinions that by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they
conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (b) In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their
exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 
 (c) No provision
of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(i) this subsection shall not be construed to limit the effect of subsection (a) of this Section; 

(ii) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it
shall be proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee
shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Securities of any series, relating to the time,
method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such series. 

(d) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of
or affording protection to the Trustee shall be subject to the provisions of this Section. 
 (e) No provision of this Indenture
shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for
believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. The Trustee shall not be required to give any bond or surety in respect of the performance of its powers or duties
hereunder. 
 Section 6.2 Notice of Defaults. 

Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall transmit by
mail to all Holders of Securities of such series, notice of such default hereunder known to a Responsible Officer of the Trustee, unless such default shall have been cured or waived; provided, however, that, except in the case of a
default in the payment of the principal of (and premium, if any) or interest on, or any Additional Amounts with respect to, any Security of such series or in the payment of any sinking fund installment with respect to Securities of such series, the
Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and responsible officers of the Trustee in good faith determine that the withholding of such
notice is in the interests of the Holders of Securities of such series; provided, further, that in the case of any default of the character specified in Section 5.1(c) with respect to Securities of such series, no such notice to
Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event that is, or after notice or lapse of time or both would become, an Event of Default, with
respect to Securities of such series. 

  
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 Section 6.3 Certain Rights of Trustee. 

Except as otherwise provided in Section 6.1: 
 (a) the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction,
consent, order, bond, debenture, note, or other paper or document (whether in its original or facsimile form) reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(b) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company Order (other
than delivery of any Security to the Trustee for authentication and delivery pursuant to Section 3.3, 3.5 or 3.6, which shall be sufficiently evidenced as provided therein) and any resolution of the Board of Directors may be sufficiently
evidenced by a Board Resolution; 
 (c) whenever in the administration of this Indenture the Trustee shall deem it desirable
that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, request and rely upon an
Officers’ Certificate; 
 (d) the Trustee may consult with counsel of its selection and the advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders of Securities of any series pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities that might be
incurred by it in compliance with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation
into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note or other paper or document, or inquire as to the performance by the Company of
any of its covenants in this Indenture, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or
investigation, it shall be entitled to examine the books, records and premises of the Company, personally or by agent or attorney and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation;

 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or
through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(h) the permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty, and the Trustee
shall not be answerable for other than its negligence or willful misconduct; 
 (i) the rights, privileges, protections,
immunities and benefits given to the Trustee, including, but not limited to, its right to be compensated, reimbursed and indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, whether as agent or
otherwise, and to each agent, custodian and other person employed to act hereunder; 
 (j) the Trustee shall not be liable for
any action taken, suffered, or omitted to be taken by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

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

  
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 (l) the Trustee shall not be required to take notice or be deemed to have notice of any
default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice from the Company or by the Holders of at least 25% of the aggregate principal amount of the Outstanding Securities of any
series then outstanding of any event that is in fact such a default or Event of Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture; and 

(m) the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers
authorized at such time to take specified actions pursuant to this Indenture. 
 Section 6.4 Not Responsible for
Recitals or Issuance of Securities. 
 The recitals contained herein and in the Securities, except the Trustee’s
certificate of authentication, shall be taken as the statements of the Company, and the Trustee or any Authenticating Agent assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of
this Indenture or of the Securities. The Trustee or any Authenticating Agent shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 

Section 6.5 May Hold Securities. 
 The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Securities
and, subject to Sections 6.8 and 6.13, may otherwise deal with the Company with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent. 

Section 6.6 Money Held in Trust. 
 Money held by the Trustee or any Paying Agent in trust hereunder need not be segregated from other funds except to the extent required by law. Neither the Trustee nor any Paying Agent shall be under any
liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company. 

Section 6.7 Compensation and Reimbursement. 
 The Company agrees: 
 (a) to pay to the Trustee from time to time reasonable
compensation as shall be agreed in writing between the Company and the Trustee for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express
trust); 
 (b) to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or
made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement or advance as shall be determined to
have been caused by its own negligence or willful misconduct; and 
 (c) to fully indemnify the Trustee and its directors,
officers, employees and agents for, and to hold them harmless against, any loss, liability, claim, damage or expense incurred without negligence or willful misconduct on their part, arising out of or in connection with the acceptance or
administration of the trust or trusts hereunder, including the reasonable costs and expenses of defending themselves against any claim or liability in connection with the exercise or performance of any of their powers or duties hereunder.

 As security for the performance of the obligations of the Company under this Section, the Trustee shall have a lien prior to
the Securities of any series upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (or premium, if any) or interest on or any Additional Amounts with respect to the
Securities. 
 When the Trustee incurs expenses or renders services in connection with an Event of Default specified in
Section 5.1(d) or Section 5.1(e), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Federal or state
bankruptcy, insolvency or other similar law. 

  
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 The provisions of this Section shall survive the termination of this Indenture and the
resignation or removal of the Trustee. 
 “Trustee” for the purposes of this Section 6.7 shall include any
predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other person employed to act hereunder; provided, however, that the negligence or willful misconduct of any Trustee hereunder shall
not affect the rights of any other Trustee hereunder. 
 Section 6.8 Disqualifications; Conflicting Interests. If
the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the
Trust Indenture Act and this Indenture. 
 Section 6.9 Corporate Trustee Required; Eligibility. 

There shall at all times be a Trustee hereunder, which shall be a Person that is eligible pursuant to the Trust Indenture Act to act as
such and has a combined capital and surplus of at least $50,000,000 and its Corporate Trust Office in the United States. If such Person publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or
examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time
the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 

Section 6.10 Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective
until the acceptance of appointment by the successor Trustee under Section 6.11. 
 (b) The Trustee may resign at any time
with respect to the Securities of one or more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee within 30 days
after the giving of such notice of resignation, the resigning Trustee may petition at the expense of the Company any court of competent jurisdiction for the appointment of a successor Trustee with respect to such series. 

(c) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal
amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. 
 (d) If at any time:

 (i) the Trustee shall fail to comply with Section 6.8 after written request therefor by the Company or by
any Holder of a Security who has been a bona fide Holder of a Security for at least six months, or 
 (ii) the
Trustee shall cease to be eligible under Section 6.9 and shall fail to resign after written request therefor by the Company or by any such Holder of a Security, or 

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

then, in any such case, (i) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or
(ii) subject to Section 5.14, any Holder of a Security who has been a bona fide Holder of a Security of any series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Trustee with respect to all Securities of such series and the appointment of a successor Trustee or Trustees. Such court may thereupon, after such notice, if any, as it may deem proper, remove the Trustee and
appoint a successor Trustee with respect to such Securities. 

  
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 (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy
shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Company shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being
understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall
comply with the applicable requirements of Section 6.11. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall have been
appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such
appointment in accordance with the applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor
Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders of Securities and accepted appointment in the manner required by Section 6.11, any Holder of a Security who has been a bona fide
Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series. Such court may thereupon, after such notice, if any, as it may deem proper, remove the Trustee and appoint a successor Trustee with respect to such Securities. 
 (f) The Company shall give notice of each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the
Securities of any series to all Holders of Securities of such series in a manner provided in Section 1.6. Each notice shall include the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate
Trust Office. 
 Section 6.11 Acceptance of Appointment by Successor. 

(a) In case of the appointment hereunder of a successor Trustee with respect to all Securities, every such successor Trustee so appointed
shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without
any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring
Trustee hereunder. 
 (b) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or
more (but not all) series, the Company, the retiring Trustee and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such
appointment and that (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable
to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and
(3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee
and that no Trustee shall be responsible for any notice given to, or received by, or any act or failure to act on the part of any other Trustee hereunder, and upon the execution and delivery of such supplemental indenture the resignation or removal
of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall with respect to the Securities of that or those series to which the appointment of such successor Trustee relates have no further
responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in the Trustee under this Indenture other than as 

  
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hereinafter expressly set forth, and each such successor Trustee without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such
successor Trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee
relates. 
 (c) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and
certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 

(d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 Section 6.12 Merger, Conversion, Consolidation or Succession to Business.

 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, by sale or otherwise, shall be the successor of
the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall
have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same
effect as if such successor Trustee had itself authenticated such Securities. 
 Section 6.13 Preferential Collection of
Claims Against Company. 
 If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon
the Securities), the Trustee shall be subject to the provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 
 Section 6.14 Appointment of Authenticating Agent. 
 The Trustee may
appoint an Authenticating Agent or Agents with respect to one or more series of Securities that shall be authorized to act on behalf of the Trustee to authenticate Securities of such series issued upon original issue or exchange, registration of
transfer or partial redemption thereof or pursuant to Section 3.6, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on
behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation
organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000
and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the
purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent
shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, by sale or otherwise, shall
continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 

  
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 An Authenticating Agent may resign at any time by giving written notice thereof to the
Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of resignation or upon such a
termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent that shall be acceptable to the Company and shall
mail written notice of such appointment by first-class mail, postage prepaid, to all Holders of Securities, if any, of the series with respect to which such Authenticating Agent will serve, as their names and addresses appear in the Security
Register. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No
successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 The Company agrees to
pay each Authenticating Agent from time to time reasonable compensation for its services under this Section. 
 The provisions
of Sections 3.8, 6.4 and 6.5 shall be applicable to each Authenticating Agent. 
 If an appointment with respect to one or
more series is made pursuant to this Section, the Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 

This is one of the Securities of the series designated therein referred to in the within mentioned Indenture. 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By	 	  

		 	As Authenticating Agent
		
	By	 	  

		 	Authorized Signatory
		
	Dated:	 	  

 If all of the Securities of any series may not be originally issued at one time, and if the Trustee
does not have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee, if so requested in
writing (which writing need not comply with Section 1.2) by the Company, shall appoint in accordance with this Section 6.14 an Authenticating Agent having an office in a Place of Payment designated by the Company with respect to such
series of Securities. 
 ARTICLE 7 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 Section 7.1
Company To Furnish Trustee Names and Addresses of Holders. 
 The Company will furnish or cause to be furnished to the
Trustee: 

  
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 (a) semi-annually, not later than May 1 and November 1 each year, a list, in such
form as the Trustee may reasonably require, of the names and addresses of the Holders of Securities of each series as of the April 15 and October 15 preceding such May 1 or November 1, and 

(b) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company of any such request, a
list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that, so long as the Trustee is the Security Registrar, no such list shall be required to be furnished.

 Section 7.2 Preservation of Information; Communications to Holders. 

(a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Securities
(i) contained in the most recent list furnished to the Trustee for each series as provided in Section 7.1, and (ii) received by the Trustee for each series in the capacity of Security Registrar if the Trustee is then acting in such
capacity. The Trustee may destroy any list furnished to it as provided in Section 7.1 upon receipt of a new list so furnished. 
 (b) The rights of the Holders to communicate with other Holders with respect to their rights under this Indenture or under the Securities shall be as provided by the Trust Indenture Act. 

(c) Every Holder of Securities, by receiving and holding the same, agrees with the Company and the Trustee that neither the Company nor
the Trustee nor any Paying Agent nor any Security Registrar shall be held accountable by reason of the disclosure of any such information as to the names and addresses of Holders made pursuant to the Trust Indenture Act. 

Section 7.3 Reports by Trustee. 
 (a) The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act within 60 days after May 1 of
each year commencing in 2014, and at such other times as may be required by the Trust Indenture Act. 
 (b) A copy of each such
report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange, if any, upon which the Securities are listed, with the Commission and with the Company. The Company will promptly notify the Trustee in
writing when the Securities are listed on any stock exchange and of any delisting thereof. 
 Section 7.4 Reports by the
Company. 
 The Company shall file with the Trustee and the Commission, and transmit to Holders, information, documents and
other reports and such summaries thereof as may be required pursuant to the Trust Indenture Act at the time and in the manner provided pursuant to the Trust Indenture Act; provided that such information, documents and reports required to be filed
with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is so required to be filed with the Commission. 

Delivery of such information, documents and reports to the Trustee is for informational purposes only and the Trustee’s receipt of
such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled
to rely exclusively on Officers’ Certificates or statements delivered pursuant to Section 10.5(a)). All required information, documents and other reports referred to in this Section 7.4 shall be deemed filed with the Trustee and
transmitted to the Holders at the time such information, documents or other reports are publicly filed with the Commission via the Commission’s EDGAR filing system (or any successor system); provided, however, that the Trustee shall have no
responsibility whatsoever to determine whether or not such filing has taken place. 

  
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 ARTICLE 8 
 CONSOLIDATION, MERGER, SALE, LEASE OR CONVEYANCE 
 Section 8.1
Consolidations and Mergers of Company and Sales, Leases and Conveyances Permitted Subject to Certain Conditions. 

Notwithstanding anything contained herein or in any of the Securities, the Company may consolidate with or merge with or into any other
corporation, limited liability company, limited partnership or other legal entity and the Company may sell, lease or convey all or substantially all of its assets to any legal entity organized and existing under the laws of the United States of
America or a State thereof and any country in the European Union, the United Kingdom, Canada, Israel, or Switzerland; provided, that in any such case, either the Company shall be the surviving entity, or the successor entity shall, pursuant
to a supplemental indenture satisfactory to the Trustee, executed and delivered to the Trustee by such successor entity, expressly assume all of the Company’s obligations under this Indenture and the Securities. 

Section 8.2 Rights and Duties of Successor Corporation. 

In case of any such consolidation, merger, sale, lease or conveyance and upon any such assumption by the successor entity, such successor
entity shall succeed to and be substituted for the Company, with the same effect as if it had been named herein as the party of the first part, and the predecessor corporation shall be relieved of any further obligation under this Indenture and the
Securities. Such successor entity thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the Securities issuable hereunder which theretofore shall not have been signed by the Company and
delivered to the Trustee; and, upon the order of such successor entity, instead of the Company, and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities
that previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities that such successor entity thereafter shall cause to be signed and delivered to the Trustee for that purpose.
All the Securities so issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been
issued at the date of the execution hereof. 
 In case of any such consolidation, merger, sale, lease or conveyance, such
changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. 
 Section 8.3 Officers’ Certificate and Opinion of Counsel. 
 The
Trustee, subject to the provisions of Sections 6.1 and 6.3, shall be provided an Officers’ Certificate and an Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale, lease or conveyance, and any such assumption
and any such supplemental indenture, if any, complies with the provisions of this Article, that all conditions precedent herein provided relating to such transactions have been complied with, and that any supplemental indenture will be the legal,
valid and binding obligation of the Company or any successor entity in accordance with its terms. 
 ARTICLE 9 

SUPPLEMENTAL INDENTURE 
 Section 9.1 Supplemental Indentures without Consent of Holders. 

Without the consent of any Holders of Securities, the Company, when authorized by a Board Resolution, and the Trustee, at any time and
from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (a) to evidence the succession of another Person to the Company, and the assumption by any such successor of the covenants of the Company herein and in the Securities contained; or 

  
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 (b) to add to the covenants of the Company for the benefit of the Holders of all or any
series of Securities (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein
conferred upon the Company; or 
 (c) to change or eliminate any restrictions on the payment of principal (or premium, if any)
on Securities or to permit or facilitate the issuance of Securities in uncertificated form, provided any such action shall not adversely affect the interests of the Holders of Securities of any series in any material respect; or 

(d) to add to, change or eliminate any provision of this Indenture; provided, that any such addition, change or elimination
(i) shall become effective only when there is no Security Outstanding of any series created prior to the execution of such supplemental indenture that is entitled to the benefit of such provision or (ii) shall not apply to any Security
Outstanding; or 
 (e) to establish the form or terms of Securities of any series as permitted by Sections 2.1 and 3.1; or

 (f) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities
of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of
Section 6.11(b); or 
 (g) to cure any ambiguity, to correct or supplement any provision herein that may be defective or
inconsistent with any other provision herein; or 
 (h) to make any other provisions with respect to matters or questions
arising under this Indenture that shall not adversely affect the interest of the Holders of Securities of any series in any material respect; or 
 (i) to add to, delete from or revise the conditions, limitations and restrictions on the authorized amount, terms or purposes of issue, authentication and delivery of Securities, as herein set forth; or

 (j) to add any additional Events of Default (and if such Events of Default are to be applicable to less than all series of
Securities stating that such Events of Default are expressly being included solely to be applicable to such series); or 
 (k)
to conform the text of this Indenture, any Securities and any guarantees to any provision of the “Description of the Notes” section or other relevant section describing the terms of such securities of the applicable prospectus, prospectus
supplement or other offering circular or memorandum to the extent that such provision in the “Description of the Notes” was intended to be a substantially verbatim recitation of a provision of this Indenture, such Securities or such
guarantee; or 
 (l) to add to or change or eliminate any provision of this Indenture as shall be necessary or desirable in
accordance with any amendments to the Trust Indenture Act; provided, that such action shall not adversely affect the interest of the Holders of the Securities of any series in any material respect; or 

(m) to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and
discharge of any series of Securities pursuant to Sections 4.1, 13.2 and 13.3; provided that any such action pursuant to this clause shall not adversely affect the interests of the Holders of Securities of any series in any respect; or 

(n) comply with the requirements of the Commission in order to effect or maintain the qualification of this Indenture under the Trust
Indenture Act; or 
 (o) to provide for the guarantee, or to secure, of all or any series of Securities. 

  
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 Section 9.2 Supplemental Indentures with Consent of Holders. 

With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by
such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions of this Indenture, or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture; provided, however, that no
such supplemental Indenture shall, without the consent of the Holder of each Outstanding Security affected thereby, 
 (a)
change the Stated Maturity of the principal of, or any installment of interest on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any Additional Amounts payable in respect thereof, or any premium payable upon
the redemption thereof, or change the obligation of the Company to pay Additional Amounts pursuant to Section 10.4 (except as contemplated by Section 8.1 and permitted by Section 9.1(a)), or reduce the amount of the principal of an
Original Issue Discount Security that would be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 5.2, or change any Place of Payment where, or the coin or currency in which, any Security or any
premium or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date), or 

(b) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for
any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or 

(c) modify any of the provisions of this Section, Section 5.13 or Section 10.8, except to increase any such percentage or to
provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby, or 
 (d) adversely affect the right to repayment, if any, of Securities of any series at the option of the Holders thereof. 
 A supplemental indenture that changes or eliminates any covenant or other provision of this Indenture that has expressly been included solely for the benefit of one or more particular series of
Securities, or that modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series.

 It shall not be necessary for any Act of Holders of Securities under this Section to approve the particular form of any
proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 Section 9.3
Execution of Supplemental Indentures. 
 In executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modifications thereby of the trust created by this Indenture, the Trustee shall be given, and (subject to Section 6.1) shall be fully protected in relying upon, an Opinion of Counsel and Officers’
Certificate stating that the execution of such supplemental indenture is authorized or permitted by this Indenture, and an Opinion of Counsel that such supplemental indenture will be the legal, valid and binding obligation of the Company. The
Trustee may, but shall not be obligated to, enter into any such supplemental indenture that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Section 9.4 Effect of Supplemental Indentures. 
 Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all
purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 
 Section 9.5 Conformity with Trust Indenture Act. 
 Every supplemental
indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

  
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 Section 9.6 Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and
shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion
of the Trustee and the Company, to any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 

ARTICLE 10 

COVENANTS 

Section 10.1 Payment of Principal, Premium, if any, and Interest. 

The Company covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually pay the
principal of (and premium, if any), interest on and any Additional Amounts payable in respect of the Securities of that series in accordance with the terms of such series of Securities and this Indenture. Principal, premium, if any, interest, and
Additional Amounts, if any, shall be considered paid on the date due if the Paying Agent, if other than the Company or one of its Subsidiaries, holds as of 12:00 noon Eastern Time on the due date money deposited by the Company in immediately
available funds and designated for and sufficient to pay all principal, premium, if any, interest, and Additional Amounts, if any, then due. 
 Section 10.2 Maintenance of Office or Agency. 
 The Company will
maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or
exchange and where notices and demands to or upon the Company in respect of the Securities of that series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location,
of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served
at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 The Company may also from time to time designate one or more other offices or agencies where the Securities of one or more series may be presented or surrendered for any or all such purposes and may from
time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any
series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

Unless otherwise set forth in a Board Resolution or indenture supplemental hereto with respect to a series of Securities, the Company
hereby designates as the Place of Payment for each series of Securities the Corporate Trust Office and the Corporate Trust Office as the Company’s office or agency for each of such purposes. 

Section 10.3 Money for Securities Payments To Be Held in Trust. 

If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it will, on or before each due date
of the principal of (and premium, if any), or interest on, any of the Securities of that series, segregate and hold in trust for the benefit of the Person entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so
becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided, and will promptly notify the Trustee of its action or failure so to act. 

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

  
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 The Company will cause each Paying Agent for any series of Securities other than the Trustee
to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will: 

(a) hold all sums held by it for the payment of the principal of (and premium, if any) or interest on Securities of that series in trust
for the benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided; 
 (b) give the Trustee notice of any default by the Company (or any other obligor upon the Securities of that series) in the making of any payment of principal (and premium, if any) or interest on the
Securities of that series; and 
 (c) at any time during the continuance of any such default, upon the written request of the
Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 The Company may at any time, for the
purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held
by the Trustee upon the same terms as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to
such money. 
 Except as otherwise provided in the form of Securities of any particular series pursuant to the provisions of
this Indenture, any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of (and premium, if any) or interest on any Security of any series and remaining unclaimed for two years
after such principal (and premium, if any) or interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall
thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon
cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Company cause to be (x) published once, in a newspaper published in the English language
customarily published on each Business Day and of general circulation in New York, New York or (y) mailed to Holders of Securities, or both, notice that such money remains unclaimed and that, after a date specified therein, which shall not be
less than 30 days from the date of such publication or mailing, any unclaimed balance of such money then remaining will be repaid to the Company. 
 Section 10.4 Additional Amounts. 
 (a) If a Foreign Merger Transaction
occurs, all payments made by or on behalf of the Company under or with respect to the Security of any series will be made free and clear of and without withholding or deduction for, or on account of, any present or future tax, duty or similar charge
(collectively “Taxes”) imposed or levied by the jurisdiction in which the Company is incorporated or organized or is otherwise resident for tax purposes or any political subdivision or governmental authority thereof or therein having the
power to tax (each, a “Relevant Taxing Jurisdiction”) unless the withholding or deduction of such Taxes is then required by law or the interpretation or administration thereof. 

(b) If, as a result of a Foreign Merger Transaction, the Company is so required to withhold or deduct any amount for or on account of
Taxes imposed by a Relevant Taxing Jurisdiction on any payments made by or on behalf of the Company under or with respect to the Securities of any series, the Company will pay such additional amounts (the “Additional Amounts”) as may be
necessary in order that the net amounts received in respect of such payments by the Holders and beneficial owners of such Securities after such withholding or deduction of such Taxes (including any such deduction or withholding of such Taxes from
such Additional Amounts), will not be less than the amounts which would have been received by the Holders and beneficial owners of such Securities in respect of such payments in the absence of such withholding or deduction of such Taxes; provided,
however, that no such Additional Amounts will be payable for or on account of: 
 (i) any Taxes that are payable
otherwise than by deduction or withholding from a payment under or with respect to such Securities; 

  
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 (ii) any Taxes that would not have been imposed, deducted or withheld but
for the existence of any present or former connection between the Holder or beneficial owner of any such Securities (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of power over, the Holder or beneficial owner
of such Securities, if such Holder or beneficial owner is an estate, nominee, trust, partnership, limited liability company or corporation) and the Relevant Taxing Jurisdiction (including, but not limited to, being a citizen or resident or national
or domiciliary of, or the existence of a business, a permanent establishment, a dependent agent, a place of business or a place of management present or deemed present in the Relevant Taxing Jurisdiction) but excluding, in each case, any connection
arising solely from the acquisition, ownership or holding of such Securities or enforcement of rights under such note or the receipt of any payment in respect thereof; 

(iii) any Taxes that are imposed, deducted or withheld by reason of the failure by the Holder or the beneficial owner of
such Securities to (A) timely comply with a written request of the Company addressed to such Holder or beneficial owner, after reasonable notice, to provide certification, information, documents or other evidence concerning the nationality,
residence, identity, or present or former connection (or absence of any present or former connection) with the Relevant Taxing Jurisdiction of such Holder or beneficial owner, if such Holder or beneficial owner could have complied with such request
without any material adverse consequence; (B) timely satisfy any other reporting requirement relating to such matters, if such Holder or beneficial owner could have satisfied such requirement without any material adverse consequence or
(C) timely make any declaration or similar claim for exemption for all or part of such Taxes, in each case that is required by applicable law, regulation, treaty or administrative practice of the Relevant Taxing Jurisdiction as a precondition
to exemption from all or part of such Taxes, if such Holder or beneficial owner could have satisfied such requirement without any material adverse consequence; 
 (iv) any estate, inheritance, gift, sales, excise, transfer, personal property or similar Taxes; 
 (v) any Taxes that are imposed, deducted or withheld pursuant to the European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meeting of
26-27 November 2000 or any law implementing or complying with, or introduced in order to conform to such directive; 
 (vi) any Taxes that would not have been imposed, deducted or withheld but for the failure to present such Securities for payment (where presentation is required for payment) within 30 days after the date
on which such payment or such Securities became due and payable or the date on which payment thereof is duly provided for, whichever is later (except to the extent that the Holder or beneficial owner of such Securities would have been entitled to
Additional Amounts had such Securities been presented on the last day of such 30 day period); 
 (vii) any Taxes
imposed, deducted or withheld from a payment made under or with respect to such Securities to any Holder or beneficial owner of such Securities that is a fiduciary or partnership or any person other than the sole beneficial owner of such payment or
Securities, to the extent that a beneficiary or settlor with respect to such fiduciary, a member of such partnership or the beneficial owner of such payment or Securities would not have been entitled to the Additional Amounts had such beneficiary,
settlor, member or beneficial owner been the sole beneficial owner of such payment or Securities; or 
 (viii)
any combination of the above. 
 (c) Whenever in this Indenture there is mentioned, in any context, the payment of the principal
of (or premium, if any) or interest on, or in respect of, any Security of any series or of any other amount payable under or with respect to any Security of any Series, such reference shall be deemed to include payment of Additional Amounts to the
extent that, in such context, Additional Amounts are, were or would be payable in respect thereof pursuant to the provisions of this Section. 

  
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 (d) The Company will (i) make any required withholding or deduction and (ii) remit
the full amount deducted or withheld to the Relevant Taxing Jurisdiction in accordance with applicable law. The Company will use reasonable efforts to obtain from the Relevant Taxing Jurisdiction certified copies of tax receipts evidencing the
payment of any Taxes so deducted or withheld, in such form as provided in the ordinary course by the Relevant Taxing Jurisdiction and as is reasonably available to the Company, and will provide such certified copies to the Trustee. Such copies shall
be made available to the Holders upon request. The Company will attach to each certified copy a certificate stating (x) that the amount of withholding Taxes evidenced by the certified copy was paid in connection with payments in respect of the
principal amount of notes then outstanding and (y) the amount of such withholding Taxes paid per $1,000 principal amount of Securities. 
 (e) If the Company becomes aware that it will be obligated to pay Additional Amounts with respect to any payment made under or with respect to any Security, at least 30 days prior to the date of such
payment, the Company will deliver to the Trustee an Officers’ Certificate stating the fact that Additional Amounts will be payable and the amount so payable and such other information necessary to enable the Trustee to pay Additional Amounts to
Holders on the relevant payment date (unless such obligation to pay Additional Amounts arises, or the surviving entity becomes aware of such obligation, less than 45 days prior to the relevant payment date, in which case the Company may deliver such
Officers’ Certificate as promptly as practicable after the date that is 30 days prior to the payment date). The Trustee shall be entitled to rely solely on such Officers’ Certificate without further inquiry, as conclusive proof that such
payments are necessary, and may provide a copy of such Officers’ Certificate or other notice received from the Company relating to Additional Amounts to any Holder upon request. 

Section 10.5 Statement as to Compliance; Notice of Certain Defaults. 

(a) The Company will deliver to the Trustee, within 120 days after the end of each fiscal year ending after the date hereof, a written
statement, which need not comply with Section 1.2, signed by the principal executive officer, the principal financial officer or the principal accounting officer of the Company, stating that to the best of his knowledge, (i) the Company
has fulfilled all of its obligations under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to him and the nature and status thereof, and (ii) no
event has occurred and is continuing that is, or after notice or lapse of time or both would become, an Event of Default, or, if such event has occurred and is continuing, specifying each such event known to him and the nature and status thereof.

 (b) The Company will deliver to the Trustee within five days after the occurrence thereof, written notice of any event that
after notice or lapse of time or both would become an Event of Default pursuant to clause (d) of Section 5.1. 

Section 10.6 Limitation upon Liens. 
 The Company will not itself, and will not permit any Restricted Subsidiary to, create, incur, issue, assume or guarantee any notes, bonds, debentures or other similar evidences of indebtedness for money
borrowed and any guarantees thereof (notes, bonds, debentures or other similar evidences of indebtedness for money borrowed and any guarantees thereof being hereinafter in this Section and Section 10.7 called “Debt”), secured by any
mortgage, pledge, security interest or other lien or encumbrance (such mortgages, pledges, security interests, liens and encumbrances being hereinafter in this Section, and in Section 10.7 collectively called “Liens”), on any
Principal Property of the Company or any Restricted Subsidiary, or on any shares of stock of any Restricted Subsidiary owned or held by the Company or any other Restricted Subsidiary, without effectively providing that the Securities (together with,
if the Company shall so determine, any other Debt of the Company or such Restricted Subsidiary then existing or thereafter created which is not subordinate to the Securities), shall be secured equally and ratably with (or prior to) such secured
Debt, so long as such secured Debt shall be so secured, unless, after giving effect thereto, the sum of the aggregate principal amount of all such secured Debt then outstanding plus Attributable Debt of the Company and its Restricted Subsidiaries in
respect of Sale and Leaseback Transactions (as defined in Section 10.7) existing at such time (other than Sale and Leaseback Transactions permitted by Section 10.7(b)) would not exceed an amount equal to 15% of Consolidated Net Tangible
Assets; provided, however, that nothing contained in this Section 10.6 shall prevent, restrict or apply to, and there shall be excluded from secured Debt in any computation under this Section 10.6, Debt secured by:

 (a) Liens existing as of the date of this Indenture on any property or assets of the Company or any Restricted Subsidiary;

  
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 (b) Liens that secure Debt owing to the Company or another Restricted Subsidiary;

 (c) Liens on any assets of any entity existing at the time such entity becomes a Restricted Subsidiary or at the time such
entity is merged or consolidated with or into the Company or any Restricted Subsidiary, but only insofar as such Liens do not attach to any other assets of the Company or any Restricted Subsidiary; 

(d) Liens on any property or assets or shares of stock or Debt existing at the time of acquisition thereof; 

(e) Liens or any property or assets or shares of stock or Debt securing the payment of all or any part of the purchase price or
construction cost thereof (including improvements thereon) or securing any Debt incurred or assumed for the purpose of financing all or any part of the purchase price or construction cost thereof if such Lien attaches concurrently with or within 180
days after the acquisition of such property or assets or shares of stock or Debt or the completion of any such construction, whichever is later, (provided the principal amount of the Debt secured by any such Lien, together with all other Debt
secured by a Lien on such property or assets or shares of stock or Debt, does not exceed the purchase price of such property or assets or shares of stock or Debt or the cost of such improvement); 

(f) Liens incurred or assumed in connection with an issuance of pollution control or industrial revenue bonds or similar financing the
interest on which is excluded from gross income for federal income tax purposes pursuant to Sections 103(a) and 103(b) of the Internal Revenue Code of 1986, as amended; or 

(g) Liens imposed by law for taxes, fees, assessments or other governmental charges that are not delinquent or for which (i) the
validity or amount thereof is being contested in good faith by appropriate proceedings, (ii) the Company or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with generally accepted
accounting principles and (iii) the failure to make payment pending such contest could not reasonably be expected to result in a material adverse effect on the business, operations, affairs, financial condition, assets or properties of the
Company and its Subsidiaries taken as a whole (such, a “Material Adverse Effect”); 
 (h) any (i) minor survey
exceptions, minor encumbrances, minor title defects or irregularities, easements, zoning restrictions, rights–of–way and similar encumbrances on real property imposed by law or arising in the ordinary course of business and
(ii) leases, subleases, licenses or sublicenses granted to others in the ordinary course of business, that in each case do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the
Company or any Restricted Subsidiary; 
 (i) any Liens, pledges or deposits made in the ordinary course of business in
compliance with workers’ compensation, unemployment insurance and other social security and similar laws or regulations; 

(j) any Lien on any Debt of any joint ventures; 
 (k) judgment Liens in respect of judgments for the payment of money aggregating to less than the greater of $50,000,000 and 2% of Consolidated Net Tangible Assets; 

(l) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens, or property securing
payment for services rendered in respect of such property, in each case that are imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or for which (i) the validity or
amount thereof is being contested in good faith by appropriate proceedings, (ii) the Company or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with generally accepted accounting
principles and (iii) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect; 

  
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 (m) any Liens or deposits incurred to secure the performance of bids, trade contracts,
leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 
 (n) statutory and contractual Liens in favor of landlords on real property leased by the Company or any Restricted Subsidiary, provided that the Company or such Restricted Subsidiary is current
with respect to payment of all rent and other amounts due to such landlord under any lease of such real property, except where the failure to be current in payment would not, individually or in the aggregate, be reasonably likely to result in a
Material Adverse Effect; or 
 (o) any extension, renewal, substitution or replacement (or successive extensions, renewals,
substitutions or replacements), as a whole or in part, of any of the Liens referred to in subdivisions (a) through (n) above or the Debt secured thereby; provided that (1) such extension, renewal, substitution or replacement Lien
shall be limited to all or any part of the same property or assets, shares of stock or Debt that secured the Lien extended, renewed, substituted or replaced (plus improvements on such property and any other property or assets not then constituting a
Principal Property) and (2) the Debt secured by such Lien at such time is not increased. 
 Debt created by the Company or
any Restricted Subsidiary shall not be cumulated with a guarantee of the same Debt by the Company or any other Restricted Subsidiary for the same financial obligation. 
 Section 10.7 Limitation upon Sales and Leasebacks. 
 The Company will
not itself, and will not permit any Restricted Subsidiary to, enter into any arrangement after the date of this Indenture with any Person (other than the Company or another Restricted Subsidiary) providing for the leasing by the Company or any such
Restricted Subsidiary of any Principal Property that the Company or such Restricted Subsidiary has sold or transferred or is about to sell or transfer to such Person (herein referred to as a “Sale and Leaseback Transaction”) unless,
either: 
 (a) The Attributable Debt of the Company and its Restricted Subsidiaries in respect of such Sale and Leaseback
Transaction and all other Sale and Leaseback Transactions existing at such time (other than Sale and Leaseback Transactions permitted by Section 10.7(b)), plus the aggregate principal amount of Debt secured by Liens on Principal Properties then
outstanding (excluding any such Debt secured by Liens covered in subdivisions (a) through (o) of the first paragraph of Section 10.6) without equally and ratably securing the Securities, would not exceed 15% of Consolidated Net
Tangible Assets, or 
 (b) The Company applies, within 180 days after the effective date of the sale or transfer, an amount in
cash equal to the greater of (i) the net proceeds of the sale or transfer of the Principal Property leased pursuant to such arrangement and (ii) the fair market value of the Principal Property so sold and leased back at the time of
entering into such arrangement (as determined by the Chief Executive Officer, the President or the Chief Financial Officer of the Company) to (x) the retirement of Funded Debt (including Securities of any series constituting Funded Debt) of the
Company, other than any such Funded Debt that the Company or any Restricted Subsidiary was otherwise obligated to repay within such 180 day period, or (y) to the acquisition of or investment in one or more Principal Properties. 

Notwithstanding the foregoing, where the Company or any Restricted Subsidiary is the lessee in any Sale and Leaseback Transaction,
Attributable Debt shall not include any Debt resulting from the guarantee by the Company or any other Restricted Subsidiary of the lessee’s obligation thereunder. 
 Section 10.8 Waiver of Certain Covenants. 
 The Company may omit in any
particular instance to comply with any term, provision or condition set forth in Sections 10.6 or 10.7 with respect to the Securities of any series if before the time for such compliance the Holders of at least a majority in principal amount of
the Outstanding Securities of such series shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term,
provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full
force and effect. 

  
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 ARTICLE 11 
 REDEMPTION OF SECURITIES 
 Section 11.1 Applicability of
Article. 
 Securities of any series that are redeemable at the option of the Company before their Stated Maturity shall be
redeemable in accordance with the terms of such Securities and (except as otherwise specified as contemplated by Section 3.1 for Securities of any series) this Article. Securities of any series that are redeemable at the option of the Holder
before their Stated Maturity shall be redeemable in accordance with the terms of such Securities and (except as otherwise specified as contemplated by Section 3.1 for Securities of any series) Sections 11.5 and 11.6 of this Article.

 Section 11.2 Election to Redeem; Notice to Trustee 

The election of the Company to redeem any Securities shall be evidenced by a Board Resolution. In case of any redemption at the election
of the Company of the Securities of any series, the Company shall furnish to the Trustee, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), an Officers’
Certificate stating (i) the clause of this Indenture pursuant to which the redemption shall occur, (ii) the Redemption Date, (iii) the principal amount of Securities to be redeemed and (iv) the Redemption Price (or manner of
calculation if not then known). 
 Section 11.3 Selection by Trustee of Securities To Be Redeemed. 

If less than all the Securities of any series having the same terms are to be redeemed, the particular Securities to be redeemed shall be
selected not more than 45 days prior to the Redemption Date by the Trustee from the Outstanding Securities of such series not previously called for redemption, by such method and subject to applicable DTC procedures or regulations as the Trustee
shall deem appropriate and that may provide for the selection for redemption of portions (equal to the minimum authorized denomination for Securities of such series or any integral multiple thereof that is also an authorized denomination) of the
principal amount of Securities of such series of a denomination larger than the minimum authorized denomination for Securities of such series. 
 The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities selected for redemption and, in the case of any Securities selected for partial
redemption, the principal amount thereof to be redeemed. 
 For all purposes of this Indenture, unless the context otherwise
requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal of such Securities that has been or is to be redeemed. 

Section 11.4 Notice of Redemption. 
 Notice of redemption shall be given in the manner provided in Section 1.6, not less than 30 nor more than 60 days prior to the Redemption Date, unless a shorter period is specified in the Securities
to be redeemed, to the Holders of Securities to be redeemed. Failure to give notice by mailing (or, to the extent permitted or required by applicable DTC procedures or regulations, sent electronically) in the manner herein provided to the Holder of
any Securities designated for redemption as a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other Securities or portion thereof. Any notice that is mailed
(or, to the extent permitted or required by applicable DTC procedures or regulations, sent electronically) to the Holder of any Securities in the manner herein provided shall be conclusively presumed to have been duly given, whether or not such
Holder receives the notice. 
 All notices of redemption shall state: 

(a) the Redemption Date, 
 (b) the Redemption Price (or the method of calculating the Redemption Price) and accrued interest, if any, 

  
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 (c) if less than all Outstanding Securities of any series are to be redeemed, the
identification (and, in the case of partial redemption, the principal amount) of the particular Securities to be redeemed, 

(d) in case any Security is to be redeemed in part only, the notice that relates to such Security shall state that on and after the
Redemption Date, upon surrender of such Security, the Holder of such Security will receive, without charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining unredeemed, 

(e) that on the Redemption Date the Redemption Price will become due and payable upon each such Security to be redeemed, and, if
applicable, that unless the Company defaults interest thereon shall cease to accrue on and after said date, 
 (f) the Place or
Places of Payment where such Securities are to be surrendered for payment of the Redemption Price, 
 (g) that the redemption is
for a sinking fund, if such is the case, 
 (h) the paragraph of the Securities and/or Section of this Indenture pursuant to
which the Securities called for redemption are being redeemed; and 
 (i) that no representation is made as to the correctness
or accuracy of the CUSIP number, if any, listed in such notice or printed on the Securities. 
 A notice of redemption published
as contemplated by Section 1.6 need not identify particular Securities to be redeemed. 
 Notice of redemption of
Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request and provision of such request together with the notice of redemption to be delivered at least 15 days prior to the notice being
sent by the Trustee (unless a shorter notice shall be satisfactory to the Trustee), by the Trustee in the name and at the expense of the Company. 
 Section 11.5 Deposit of Redemption Price. 
 On or prior to 12:00 noon
Eastern Time on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.3) an amount of money sufficient
to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on and any Additional Amounts with respect thereto, all the Securities or portions thereof that are to be redeemed on that date.

 Section 11.6 Securities Payable on Redemption Date. 

Notice of redemption having been given to the Holder by the Company or the Trustee pursuant to Section 11.4, the Securities so to be
redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities
shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest (and any Additional Amounts) to, but
excluding, the Redemption Date; provided, however, that installments of interest on Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor
Securities, registered as such at the close of business on the Regular Record Dates according to their terms and the provisions of Section 3.7. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate
prescribed therefor in the Security. 

  
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 Section 11.7 Securities Redeemed in Part. 

Any Security that is to be redeemed only in part shall be surrendered at any office or agency of the Company maintained for that purpose
pursuant to Section 10.2 (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly
authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Security (or as to any global Security transfer by book entry), without service charge, a new Security or Securities of the
same series, containing identical terms and provisions, of any authorized denomination as requested by such Holder in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered.

 Section 11.8 Redemption for Taxation Reasons. 

In the event of a Foreign Merger Transaction, the Company may redeem the Securities of any series in whole, but not in part, at any time
upon giving not less than 30 nor more than 60 days’ notice to the Holders (which notice will be irrevocable) at a Redemption Price equal to 100% of the outstanding principal amount thereof, together with accrued and unpaid interest, if any, to,
but excluding, the date fixed for redemption (a “Tax Redemption Date”) (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date) and all Additional Amounts, if
any, then due and which will become due on the Tax Redemption Date as a result of the redemption or otherwise, if as a result of: 
 (1) any change in, or amendment to, any law, treaty, regulations or rulings of a Relevant Taxing Jurisdiction affecting taxation which change or amendment has not been publicly announced as formally
proposed before, and becomes effective on or after, the date on which the surviving entity assumed, pursuant to a supplemental indenture, all of the Company’s obligations under the Indenture and the Securities; or 

(2) any change in, or amendment to, the application, administration or interpretation of such law, treaty, regulations or rulings
(including pursuant to a holding, judgment or order by a court of competent jurisdiction) of a Relevant Taxing Jurisdiction which change or amendment has not been publicly announced as formally proposed before, and becomes effective on or after, the
date on which the surviving entity assumed, pursuant to a supplemental indenture, all of the Company’s obligations under the Indenture and the Securities; 
 the Company has become, is, or on the next Interest Payment Date in respect of such Securities would be, required to pay any Additional Amounts, and such obligation cannot be avoided by taking reasonable
measures available to the Company. The Company will provide notice of such redemption as required under Section 11.4. Notwithstanding the foregoing, no such notice of redemption will be given (a) earlier than 60 days prior to the earliest
date on which the Company would be obliged to make such payment of Additional Amounts and (b) unless at the time such notice is given, such obligation to pay such Additional Amounts remains in effect. Prior to the publication or mailing of any
notice of redemption of the Securities of any series pursuant to the foregoing, the Company will deliver to the Trustee (a) an Officers’ Certificate stating that it is entitled to effect such redemption and setting forth a statement of
facts showing that the conditions precedent to its right so to redeem have been satisfied and that the obligation to pay Additional Amounts cannot be avoided by taking reasonable measures available to the Company and (b) an opinion of an
independent tax counsel of recognized standing in the Relevant Taxing Jurisdiction to the effect that the Company has become, is, or on the next Interest Payment Date in respect of such Securities would be, required to pay Additional Amounts as a
result of a change or amendment described above in clauses (1) or (2) of this Section. The Trustee is hereby authorized to accept such Officers’ Certificate and opinion as sufficient evidence of the satisfaction of the conditions
precedent described above, without further inquiry, in which event it will be conclusive and binding on the Holders and beneficial owners of such Securities. 

  
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 ARTICLE 12 
 SINKING FUNDS 
 Section 12.1 Applicability of Article.

 The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series, except as
otherwise specified as contemplated by Section 3.1 for Securities of such series or as otherwise permitted or required by any form of Security of such series issued pursuant to this Indenture. 

The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a
“mandatory sinking fund payment,” and any payment in excess of such series is herein referred to as an “optional sinking fund payment.” If provided for by the terms of Securities of any series, the cash amount of any sinking fund
payment may be subject to reduction as provided in Section 12.2. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series. 

Section 12.2 Satisfaction of Sinking Fund Payments with Securities. 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of a series to be made
pursuant to the terms of such Securities as provided for by the terms of such series, (1) deliver Outstanding Securities of such series (other than any of such Securities previously called for redemption) theretofore purchased or receive
credit for Securities (not previously so credited) theretofore purchased by the Company and delivered to the Trustee for cancellation pursuant to Section 3.9, and (2) apply as a credit Securities of such series that have been redeemed
either at the election of the Company pursuant to the terms of such series of Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities; provided, that such Securities have not
been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund
payment shall be reduced accordingly. If, as a result of the delivery or credit of Securities of any series in lieu of cash payments pursuant to this Section 12.2, the principal amount of Securities of such series to be redeemed in order to
exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such series for redemption, except upon Company Request, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the
next succeeding sinking fund payment; provided, however, that the Trustee or such Paying Agent shall at the request of the Company from time to time pay over and deliver to the Company any cash payment so being held by the Trustee or
such Paying Agent upon delivery by the Company to the Trustee of Securities of that series purchased by the Company having an unpaid principal amount equal to the cash payment requested to be released to the Company. 

Section 12.3 Redemption of Securities for Sinking Fund. 

Not less than 60 days prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an
Officers’ Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, that is to be satisfied by payment of cash and the portion
thereof, if any, that is to be satisfied by delivering and crediting of Securities of that series pursuant to Section 12.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also
deliver to the Trustee any Securities to be so credited and not theretofore delivered. If such Officers’ Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall
thereupon be obligated to pay the amount therein specified. Not less than 30 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in
Section 11.3 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 11.4. Such notice having been duly given, the redemption of such Securities shall be
made upon the terms and in the manner stated in Sections 11.6 and 11.7. 
 ARTICLE 13 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
 Section 13.1 Company’s Option to Effect Legal Defeasance or Covenant Defeasance. 
 The provisions of this Article 13 shall apply to each series of Securities, and the Company may, at its option, effect legal defeasance of the Securities of or within a series under Section 13.2, or
covenant defeasance of the Securities of or within a series under Section 13.3, in accordance with the terms of such Securities and in accordance with this Article 13. 

  
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 Section 13.2 Legal Defeasance and Discharge. 

Upon the Company’s exercise of the option provided in Section 13.1 applicable to this Section 13.2 with respect to any
Securities or any series of Securities, as the case may be, the Company shall be deemed to have been discharged from its obligations with respect to such Securities as provided in this Section on and after the date the conditions set forth in
Section 13.4 are satisfied (hereinafter called “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and
to have satisfied all its other obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the
following which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 13.4 and as more fully set forth in such Section,
payments in respect of the principal of and any premium and interest on such Securities when payments are due, (2) the Company’s obligations with respect to such Securities under Sections 3.4, 3.5, 3.6, 10.2 and 10.3 and with respect to
the Trustee, including but not limited to those under Section 6.7, (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (4) this Article. Subject to compliance with this Article, the Company may exercise
its option under this Section 13.2 notwithstanding the prior exercise of its option under Section 13.3. 

Section 13.3 Covenant Defeasance. 
 Upon the Company’s exercise of the option provided in Section 13.1 applicable to this Section 13.3 with respect to any Securities of or within a series of Securities, as the case may be,
(1) the Company shall be released from its obligations under Sections 8.1, 10.6 and 10.7, and any covenants provided pursuant to Sections 3.1(o) or 9.1(b) for the benefit of the Holders of such Securities and (2) the occurrence of any
event specified in Section 5.1(c) (with respect to any of Sections 8.1, 10.6 and 10.7, and any such covenants provided pursuant to Section 3.1(o) or 9.1(b) and 5.1(f)) shall be deemed not to be or result in an Event of Default, in each
case with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.4 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means
that, with respect to such Securities, the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified Section (to the extent so specified in the case of
Section 5.1(f)), whether directly or indirectly by reason of any reference elsewhere herein to any such Section or by reason of any reference in any such Section to any other provision herein or in any other document, but the remainder of this
Indenture and such Securities shall be unaffected thereby. 
 Section 13.4 Conditions to Legal Defeasance or Covenant
Defeasance. 
 The following shall be the conditions to the application of Section 13.2 or Section 13.3 to any
Securities or any series of Securities, as the case may be: 
 (1) The Company shall irrevocably have deposited
or caused to be deposited with the Trustee (or another trustee which satisfies the requirements contemplated by Section 6.9 and agrees to comply with the provisions of this Article applicable to it) as trust funds in trust for the purpose of
making the following payments, specifically pledged as security for, and dedicated solely to, the benefits of the Holders of such Securities, (A) cash in an amount, or (B) U.S. Government Obligations which through the scheduled payment of
principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (C) a combination thereof, in each case sufficient, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and
discharge, the principal of and any premium and interest on such Securities on the respective Stated Maturities or on the applicable redemption date, as the case may be, in accordance with the terms of this Indenture and such Securities. 

  
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 (2) In the event of an election under Section 13.2, the Company shall
have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of this instrument, there has been a change in
the applicable Federal income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a
result of the deposit, Legal Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit, Legal
Defeasance and discharge were not to occur. 
 (3) In the event of an election under Section 13.3, the
Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected
with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur. 

(4) The Company shall have delivered to the Trustee an Officers’ Certificate to the effect that neither such
Securities nor any other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 
 (5) No event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities or any other Securities shall have occurred and be continuing at the time
of such deposit or, with regard to any such event specified in Sections 5.1(d) and (e), at any time on or prior to the 90th day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until after such
90th day). 
 (6) Such Legal Defeasance or Covenant Defeasance shall not cause the Trustee to have a conflicting
interest within the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act). 
 (7) Such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other agreement or instrument to which the Company is a party or by which
it is bound. 
 (8) Such Legal Defeasance or Covenant Defeasance shall not result in the trust arising from such
deposit constituting an investment company within the meaning of the Investment Company Act of 1940, as amended from time to time, unless such trust shall be registered under such Act or exempt from registration thereunder. 

(9) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent with respect to such Legal Defeasance or Covenant Defeasance have been complied with. 

Section 13.5 Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions. 

Subject to the provisions of the last paragraph of Section 10.3, all money and U.S. Government Obligations (including the proceeds
thereof) deposited with the Trustee pursuant to Section 13.4 in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either
directly or through any such Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal and any premium and
interest, but money so held in trust need not be segregated from other funds except to the extent required by law. 
 The
Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 13.4 or the principal and interest received in respect thereof other
than any such tax, fee or other charge which by law is for the account of the Holders of Outstanding Securities. 

  
 48 

 Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay
to the Company from time to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 13.4 with respect to any Securities which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Legal Defeasance or Covenant Defeasance, as the case may be, with
respect to such Securities. 
 Section 13.6 Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason
of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture and such Securities from which the Company has been discharged or released
pursuant to Section 13.2 or 13.3 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply all money held in
trust pursuant to Section 13.5 with respect to such Securities in accordance with this Article; provided, however, that if the Company makes any payment of principal of or any premium or interest on any such Security following such
reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the money so held in trust. 

* * * * * 

  
 49 

 This instrument may be executed in any number of counterparts, each of which so executed
shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective
execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures
for all purposes. 
 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the day and
year first above written. 
  

			
	PERRIGO COMPANY
		
	BY	 	  

	Name:	 	
	Title:	 	
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	BY	 	  

	Name:	 	
	Title:	 	

 [Signature page to Indenture]EX-10.1

 Exhibit 10.1 
 GPC SHARE SALE DEED 
 (EXECUTION) 

AOF BETA B.V. 
 EXEGO GROUP PTY LIMITED 
 GENUINE PARTS AUSTRALIA PTY LIMITED

 GENUINE PARTS COMPANY 
  

 

 CONTENTS 

 

							
	Clause	 	 	  	Page	 
	 1.       Interpretation
	  	 	1	  
	 1.1
	 	Definitions	  	 	1	  
	 1.2
	 	Related entities	  	 	8	  
	 1.3
	 	Insolvency	  	 	8	  
	 1.4
	 	Reasonable endeavours	  	 	9	  
	 1.5
	 	References to certain other words and terms	  	 	9	  
	 1.6
	 	Rules of interpretation and construction	  	 	10	  
	 1.7
	 	Calculations and Worked Examples	  	 	10	  
	 1.8
	 	Things required to be done other than on a Business Day	  	 	10	  
	 1.9
	 	Duties of Incumbent Nominees	  	 	10	  
	 1.10
	 	Obligations in relation to estimates	  	 	11	  
	 2.       Sale and Purchase of the Non-GPC option Shares
	  	 	11	  
	 2.1
	 	Sale and purchase of AOF Shares	  	 	11	  
	 2.2
	 	Simultaneous acquisition of Third Party Shares	  	 	11	  
	 2.3
	 	Ownership and risk	  	 	11	  
	 3.       Purchase Price
	  	 	11	  
	 4.       Purchase Price calculation and adjustment
	  	 	11	  
	 4.1
	 	Calculation of Purchase Price Adjustment	  	 	11	  
	 4.2
	 	Payment of Adjusted Purchase Price	  	 	12	  
	 4.3
	 	Disputes	  	 	12	  
	 5.       Conditions
	  	 	13	  
	 5.1
	 	Conditions	  	 	13	  
	 5.2
	 	Satisfaction of Conditions	  	 	13	  
	 5.3
	 	Notice of satisfaction of Conditions	  	 	13	  
	 5.4
	 	Waiver of Conditions	  	 	13	  
	 5.5
	 	Termination	  	 	14	  
	 5.6
	 	Conditions for termination	  	 	14	  
	 6.       Pre-Completion Obligations
	  	 	14	  
	 6.1
	 	Ordinary course	  	 	14	  
	 6.2
	 	Termination by GPC Australia	  	 	15	  
	 6.3
	 	Consents to change in control	  	 	16	  
	 6.4
	 	Preliminary Exit Steps	  	 	16	  
	 6.5
	 	Debt Notice	  	 	16	  
	 7.       Completion
	  	 	16	  
	 7.1
	 	Time and place	  	 	16	  
	 7.2
	 	Provision of information before Completion	  	 	17	  
	 7.3
	 	Obligations of AOF Beta	  	 	17	  
	 7.4
	 	Obligations of GPC Australia	  	 	17	  
	 7.5
	 	Obligations of AOF Beta, GPC Australia, GPC’s Guarantor and the Company	  	 	18	  
	 7.6
	 	Performance of Completion obligations	  	 	19	  
	 7.7
	 	Notice to complete	  	 	19	  
	 7.8
	 	Remedies for failure to comply with notice	  	 	19	  
	 7.9
	 	Power of attorney	  	 	20	  
	 8.       Access to Records following Completion
	  	 	22	  
	 9.       Release from Guarantees
	  	 	22	  
	 9.1
	 	Release of Group Companies from guarantees	  	 	22	  
	 9.2
	 	Release of AOF Group from guarantees    	  	 	22	  

  
 2 

							
	 10.     Warranties
	  	 	23	  
	 10.1
	 	Warranties	  	 	23	  
	 10.2
	 	Survival	  	 	23	  
	 10.3
	 	Reliance	  	 	23	  
	 10.4
	 	Warranties not limited	  	 	23	  
	 10.5
	 	Indemnity	  	 	23	  
	 10.6
	 	Company and AOF Beta to notify of potential breaches	  	 	23	  
	 10.7
	 	Termination for breach of Warranty prior to Completion	  	 	23	  
	 10.8
	 	Adjustment for certain payments	  	 	24	  
	 11.     Limitations
	  	 	24	  
	 11.1
	 	No small claims	  	 	24	  
	 11.2
	 	Cap on Claims	  	 	24	  
	 11.3
	 	Time limit	  	 	24	  
	 11.4
	 	Notice	  	 	24	  
	 11.5
	 	Exclusion of certain losses	  	 	25	  
	 11.6
	 	Mitigation	  	 	25	  
	 11.7
	 	Right to remedy	  	 	25	  
	 11.8
	 	Subsequent recovery	  	 	25	  
	 11.9
	 	Insurance	  	 	26	  
	 11.10
	 	Independent limitations	  	 	26	  
	 11.11
	 	No liability for Third Parties	  	 	26	  
	 12.     GPC Australia’s and GPC’s Guarantor’s Warranties
	  	 	26	  
	 12.1
	 	GPC Australia and GPC’s Guarantor’s warranties	  	 	26	  
	 12.2
	 	Survival	  	 	27	  
	 12.3
	 	Reliance	  	 	27	  
	 13.     Guarantee
	  	 	27	  
	 13.1
	 	Guarantee by GPC’s Guarantor	  	 	27	  
	 13.2
	 	Obligations not affected by certain matters	  	 	28	  
	 13.3
	 	Waiver of rights	  	 	28	  
	 13.4
	 	GPC Australia’s actions to bind GPC’s Guarantor	  	 	28	  
	 14.     Announcements and Confidentiality
	  	 	28	  
	 14.1
	 	No announcement or other disclosure of transaction	  	 	28	  
	 14.2
	 	Permitted announcements and disclosures	  	 	28	  
	 15.     GST
	  	 	29	  
	 15.1
	 	Interpretation	  	 	29	  
	 15.2
	 	Consideration exclusive of GST	  	 	29	  
	 15.3
	 	Payment of GST	  	 	29	  
	 15.4
	 	Tax invoice	  	 	29	  
	 15.5
	 	Adjustments	  	 	30	  
	 15.6
	 	Input tax credits	  	 	30	  
	 16.     Notices
	  	 	30	  
	 16.1
	 	Manner of giving notice	  	 	30	  
	 16.2
	 	When notice given	  	 	31	  
	 16.3
	 	Proof of service	  	 	31	  
	 16.4
	 	Documents relating to legal proceedings	  	 	32	  
	 17.     Payments
	  	 	32	  
	 17.1
	 	Direction	  	 	32	  
	 17.2
	 	Method of payment	  	 	32	  
	 17.3
	 	No deduction	  	 	32	  
	 17.4
	 	Notice of Deduction Obligation and further obligations	  	 	33	  

  
 3 

							
	 18.     General
	  	 	33	  
	 18.1
	 	Entire agreement	  	 	33	  
	 18.2
	 	Assignment	  	 	33	  
	 18.3
	 	Amendments	  	 	34	  
	 18.4
	 	Consents	  	 	34	  
	 18.5
	 	Costs	  	 	34	  
	 18.6
	 	Counterparts	  	 	34	  
	 18.7
	 	Exercise and waiver of rights	  	 	34	  
	 18.8
	 	No merger	  	 	34	  
	 18.9
	 	Severability	  	 	34	  
	 18.10
	 	Stamp Duties	  	 	34	  
	 18.11
	 	Further assurances	  	 	35	  
	 18.12
	 	Benefits held on trust	  	 	35	  
	 19.     Waiver of Rights
	  	 	35	  
	 20.     AOF sellers’ Rights and Liabilities if more than one AOF Seller
	  	 	35	  
	 20.1
	 	AOF Sellers’ rights and liabilities several	  	 	35	  
	 20.2
	 	Trustees	  	 	36	  
	 21.     Governing Law and Jurisdiction
	  	 	36	  
	 21.1
	 	Governing law	  	 	36	  
	 21.2
	 	Jurisdiction	  	 	36	  
	 21.3
	 	Service of process	  	 	37	  
		
	Schedule	  			
		
	 1.       Warranties
	  	 	38	  
	 2.       Purchase Price adjustment disputes
	  	 	39	  
	 3.       Worked Examples
	  	 	40	  
	 4.       Key Employees
	  	 	41	  
		
	Annex	  			
		
	 1.       Discharge Loan Agreement
	  	 	44	  
	 2.       Third Party Sale Deed
	  	 	45	  
	 3.       Employment agreement
	  	 	46	  

  
 4 

THIS DEED is made on                  
   2013 
 BETWEEN: 
  

	(1)	AOF BETA B.V. of Teleport Boulevard 110, Unit A.5.22 1043 Amsterdam, The Netherlands (AOF Beta); 

 

	(2)	EXEGO GROUP PTY LIMITED (ACN 123 768 936) of 362 Wellington Road, Mulgrave VIC 3170 (the Company); 

 

	(3)	GENUINE PARTS AUSTRALIA PTY LIMITED (ACN 153 300 095) of Suite 12, Level 12, 37 Bligh Street, Sydney NSW 2000 (GPC Australia); and

  

	(4)	GENUINE PARTS COMPANY of 2999 Circle 75 Parkway, Atlanta, Georgia, United States of America (GPC’s Guarantor). 

BACKGROUND: 
  

	(A)	AOF Beta owns the AOF Shares. 

  

	(B)	AOF Beta wishes to sell, and GPC Australia wishes to buy, all of the AOF Shares on and subject to the terms of this deed. 

 

	(C)	The Third Parties own the Third Party Shares. 

  

	(D)	AOF Beta and GPC Australia wish to procure the sale of the Third Party Shares from the Third Parties to GPC Australia on and subject to the terms of the Third Party
Documents in accordance with this deed. 

  

	(E)	GPC’s Guarantor has entered into this deed in order to (among other things) guarantee performance by GPC Australia of its obligations under this deed.

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
deed: 
 Aborted Exit Expenses means an amount equal to the aggregate of all costs, expenses and Tax liabilities incurred
by the Group solely as a result of any Preliminary Exit Steps and all costs, expenses and Tax liabilities incurred by the Group in connection with any agreements or arrangements entered into by the Group solely in connection with any Preliminary
Exit Steps (but excludes, for the avoidance of doubt, any Transaction Costs); 
 Actual Net Debt means Net Debt calculated
as at the time immediately prior to Completion; 
 Actual Net Debt Payment Date means the date 10 Business Days after the
date on which the Actual Net Debt is agreed or finally determined in accordance with this deed; 
 AOF Entities and AOF
Entity have the respective meanings given to those terms in the Call Option Deed; 

  
 1 

 AOF Group means each AOF Seller, its related entities (excluding each Group Company)
and each other AOF Entity; 
 AOF Proportion means, as at a particular date, the amount (expressed as a decimal) equal to
S in the following formula: 
 S = A/B 

 

	 	Where:	A is equal to the number of AOF Shares as at that date; and 

 B is equal to the number of Non-GPC Option Shares (excluding all Unvested Performance Shares on issue as at that date); 
 AOF Purchase Price means the amount equal to A in the following formula: 
 A = S x C 
  

	 	Where:	S is the AOF Proportion as at Completion; and 

 C is the GPC Call Option Face Value; 
 AOF Seller has the meaning given to
that term in clause 20.1; 
 AOF Shares has the meaning given to that term in the Call Option Deed; 

ASIC means the Australian Securities and Investments Commission; 

Authorisation means any licence, consent, approval, permit, registration, accreditation, certification or other authorisation given
or issued by any Authority or any other person; 
 Authority means: 

 

	 	(a)	any government or governmental, semi-governmental or local authority and any department, office, minister, commission, board, delegate or agency of any such government
or authority; 

  

	 	(b)	any judicial or administrative entity or authority; 

  

	 	(c)	any other authority, commission, board, agency, entity or person established or having power under statute including the Fair Work Ombudsman, WorkCover, similar
entities and their predecessors; and 

  

	 	(d)	any person or other entity having power under the listing rules of any recognised securities exchange; 

B Ordinary Shares means B ordinary shares in the capital of the Company; 

Borrower means each Group Company which is party to any Existing Debt Facility in the capacity as a borrower (including by way of
being an issuer of loan notes or other debt instruments); 
 Borrower NZ Security means, as at the time immediately before
Completion, any Encumbrance registered on the NZ PPSR at that time which has been granted by a Group Company in support of any obligations of that Group Company or any other Group Company under the Existing Debt Facilities; 

  
 2 

 Business means the business conducted by the Group at Completion; 

Business Day means a day (other than a Saturday, Sunday or public holiday) on which banks are generally open in Melbourne and
Atlanta for normal business; 
 Calculation has the meaning given in clause 1.7(a); 

Call Option Deed means the call option deed dated 22 September 2011 between AOF Beta, the Company, GPC Australia, UAP and
GPC’s Guarantor as amended pursuant to an amending deed dated on or about the date of this deed; 
 Claim means:

  

	 	(a)	a Warranty Claim; 

  

	 	(b)	any other claim against AOF Beta for any breach of this deed or otherwise (whether based in contract or tort or under statute or common law) in respect of the subject
matter of this deed; and 

  

	 	(c)	any claim, demand or cause of action (whether based in contract or tort or under statute or common law) in relation to the AOF Shares and the sale of those shares;

 Completion means completion of the sale and purchase of the AOF Shares in accordance with this deed;

 Completion Date means the date on which Completion occurs; 

Conditions means the conditions precedent to the sale and purchase of the AOF Shares set out in clause 5.1; 

Constitution means the constitution of the Company; 
 Corporations Act means the Corporations Act 2001 (Cth); 
 Current
Financial Year means the financial year of the Group in which this deed is executed; 
 Debt Notice has the meaning
given in clause 6.5; 
 Discharge Loan Agreement means an agreement substantially in the form set out in Annex 1 to be
entered into immediately prior to Completion between GPC Australia (as lender) and the Borrowers (as borrowers) if GPC Australia states in its Debt Notice that it proposes to procure the repayment of all amounts owing under the Existing Debt
Facilities on Completion, pursuant to which GPC Australia will advance an amount in dollars equal to the Existing Debt Amount to (or as directed by) the Borrowers for the purpose of putting the Borrowers in funds to discharge the Existing Debt
Amount on Completion; 
 Drag Along Right means, in respect of any Third Party Share, a valid and enforceable right under
the Constitution, the New Shareholders’ Deed or any other arrangement or agreement in favour of AOF Beta entitling AOF Beta to compel the holder of the Third Party Share to sell that Third Party Share to a third party in circumstances where AOF
Beta has or will agree to sell all of the AOF Shares to a third party; 
 EBITDA has the meaning given to that term in the
Call Option Deed; 

  
 3 

 Encumbrance means any mortgage, fixed or floating charge, pledge, lien, option, right
to acquire, right of pre-emption, assignment by way of security, trust arrangement for the purpose of providing security, retention arrangement or other security interest of any kind, and any agreement to create any of the foregoing and the term
Encumber has a corresponding meaning; 
 Estimated Net Debt means Net Debt calculated as at the date 5 Business
Days prior to Completion; 
 Existing Debt Amount has the meaning given to that term in the Call Option Deed, calculated
as at the time immediately prior to Completion and notified to GPC Australia by the Company 5 Business Days prior to Completion; 

Existing Debt Facilities has the meaning given to that term in the Call Option Deed; 

Existing Securities means, as at the time immediately before Completion, any charge, mortgage or other security interest at that
time which has been given by a Group Company in support of any obligations of that Group company or any other Group Company under the Existing Debt Facilities which has not been released at that time; 

Existing Shareholders’ Deed means the shareholders’ deed dated on or about 12 December 2007 between, among others,
the Company and AOF Beta; 
 GPC Call Option has the meaning given to that term in the Call Option Deed; 

GPC Call Option Exercise Date has the meaning given to that term in the Call Option Deed; 

GPC Call Option Face Value means: 
  

	 	(a)	for the purposes of clause 7.4(a), the amount as at the Completion Date calculated in accordance with the formula set out in the definition of that term in the Call
Option Deed if references in terms used in that definition to “Net Debt” are replaced with references to “Estimated Net Debt” (having the meaning given to that term in this deed); and 

 

	 	(b)	for all other purposes, the amount as at the Completion Date calculated in accordance with the formula set out in the definition of that term in the Call Option Deed;

 GPC Group means GPC Australia and each of its Related Bodies Corporate from time to time (and GPC
Group Company means any of them); 
 Group means the Company and each of its subsidiaries from time to time and
Group Company means any of them; 
 Group’s Debt Financiers has the meaning given in the Call Option Deed;

 GST has the meaning given in the GST Law; 
 GST Exclusive Consideration has the meaning given in clause 15.2; 
 GST
Law has the meaning given in the A New Tax System (Goods and Services Tax) Act 1999 (Cth); 
 Incumbent Nominee means,
in relation to a party which is a holder of equity securities in the capital of the Company, any nominee or representative of that holder who is appointed to the board of a Group Company; 

  
 4 

 Key Employees means the employees specified in Schedule 4; 

Long Stop Date means the date which is 5 months after the date of this deed; 

Loss means any loss, damage, cost, expense, charge, penalty or liability and includes Tax and Stamp Duties, but excludes loss of
profits, business, goodwill, opportunity or chance, any indirect, special or consequential loss, and any punitive or aggravated damages; 
 Management Accounts means the monthly management accounts prepared by the Company (in the usual manner adopted by the Company for the preparation of management accounts) in respect of the Group;

 Material Adverse Change means an event, occurrence or change after the last day of the calendar month immediately
preceding the GPC Call Option Exercise Date which individually or when aggregated with all other events, occurrences or changes after the last day of the calendar month immediately preceding the GPC Call Option Exercise Date has diminished or is
reasonably likely to diminish: 
  

	 	(a)	the EBITDA of the Group for the 12 month period ending on the last day of calendar month in which the first such event, occurrence or change takes place (EBITDA
Change Month) as stated in the Management Accounts relating to that period, by an amount equal to or greater than 10% of the EBITDA of the Group for the 12 month period ending on the last day of the calendar month immediately preceding the
EBITDA Change Month; or 

  

	 	(b)	the net tangible assets of the Group plus cash on hand and cash equivalents as stated in the Management Accounts relating to the calendar month immediately preceding
the first such event, occurrence or change (NTA Change Month) by an amount equal to or greater than 10% or more of the net tangible assets of the Group as set out in the Management Accounts of the Group for the month immediately preceding the
NTA Change Month; 

 Material Contract means 

 

	 	(a)	the top 5 overseas product supply agreements (based on total purchase value during the Recent Year) entered into by any Group Company; 

 

	 	(b)	the top 20 domestic product supply agreements (based on total purchase value during the Recent Year) entered into by any Group Company; 

 

	 	(c)	the top 10 non-product and/or service supply agreements covering non-products or services supplied in the course of trading (based on total purchase value during the
Recent Year) entered into by any Group Company; 

  

	 	(d)	the top 10 customer agreements (based on total revenue during the Recent Year) entered into by any Group Company; 

 

	 	(e)	any lease in respect of a distribution centre entered into by any Group Company; and 

 

	 	(f)	the lease in respect of the Group’s head office premises in Melbourne; 

 Net Debt has the meaning given to that term in paragraph (a) of the definition of “Net Debt” in the Call Option Deed; 

  
 5 

 New Management Services Agreement means the professional services agreement dated
22 September 2011 between the Company, Unitas Capital Pte. Ltd., AOF Beta and GPC’s Guarantor; 
 New
Shareholders’ Deed means the shareholders’ deed in relation to the Company between (among others) the Company, AOF Beta and UAP dated on or about 22 September 2011; 

Non-GPC Option Shares has the meaning given in the Call Option Deed; 

NZ PPSA means the New Zealand Personal Property Securities Act 1999; 

NZ PPSR means the Personal Property Securities Register established under section 139 of the NZ PPSA; 

Ordinary Shares means ordinary shares in the capital of the Company; 

Purchase Price Adjustment Amount is an amount equal to P in the following formula: 

 
 

 
  

	 	Where:	D is equal to: 

  

	 	(i)	if the Actual Net Debt is less than the Estimated Net Debt, a positive amount equal to the amount by which the Actual Net Debt exceeds the Estimated Net Debt; or

  

	 	(ii)	if the Actual Net Debt is greater than the Estimated Net Debt, a negative amount equal to the amount by which the Estimated Net Debt exceeds the Actual Net Debt; and

 S is equal to the UAP Proportion; 

Performance Share Loan Amount has the meaning given in each Third Party Sale Deed; 

Performance Share Plan has the meaning given to that term in the Call Option Deed; 

Performance Shares has the meaning given to that term in the Call Option Deed; 

Preliminary Exit Steps has the meaning given in clause 4.2 of the Call Option Deed; 

Recent Year means the 12 month period ending on the later of the 30 June and the 31 December which immediately precedes
the proposed Completion Date; 
 Register has the meaning given in the Personal Property Securities Act 2009 (Cth);

 Registered Charge means, as at the time immediately before Completion, any Encumbrance registered on the Register at
that time which has been granted by a Group Company in support of any obligations of that Group Company or any other Group Company under the Existing Debt Facilities; 
 Related Body Corporate has the meaning given in section 9 of the Corporations Act; 

  
 6 

 Sale Transaction Document means: 

 

	 	(a)	this deed; 

  

	 	(b)	the Discharge Loan Agreement; 

  

	 	(c)	each Third Party Document; and 

  

	 	(d)	any other agreement executed or to be executed by the parties under or in connection with this deed which the parties agree in writing is a “Sale Transaction
Document” for the purposes of this deed; 

 Seller Loan Amount means the aggregate of all outstanding
amounts under any loan deed between the Company, as lender, and AOF Beta, as borrower, pursuant to which the Company put AOF Beta in funds to make loans to participants in a Performance Share Plan; 

Stamp Duties means all stamp, transaction or registration duties or similar charges imposed by any Taxation Authority and includes
all penalties, fines, interest or additional charges payable in relation to such duties or charges; 
 Taxation or Tax
means: 
  

	 	(a)	any charge, tax, duty, levy, impost or withholding having the character of taxation, wherever chargeable and however collected or recovered, imposed for support of
national, federal, state, municipal or local government or any other governmental or regulatory authority, body or instrumentality including taxes on gross or net income, profits or gains, taxes on receipts, sales, use, occupation, franchise or
transfer, personal property taxes, social security taxes, GST and other value added taxes and Stamp Duties; and 

  

	 	(b)	any penalty, fine, interest or additional charge payable in relation to any taxation within paragraph (a) above; 

Taxation Authority means any taxing or other authority competent to impose, administer or collect any Taxation in any jurisdiction;

 Third Party has the meaning given to that term in the Call Option Deed; 

Third Party Documents means, in respect of each Third Party: 

 

	 	(a)	a Third Party Sale Deed pursuant to which the Third Party agrees to sell all of the Third Party Shares held by that Third Party to GPC Australia on the Completion Date;

  

	 	(b)	if that Third Party is the registered holder of any Ordinary Shares, a share transfer form in respect of all of the Ordinary Shares registered in the name of that Third
Party together with share certificates in respect of all of those Ordinary Shares (or a confirmation of lost certificate in the case of any share certificates found to be missing); 

 

	 	(c)	if the Third Party is the registered holder of any B Ordinary Shares, a share transfer form in respect of all of the B Ordinary Shares registered in the name of that
Third Party together with share certificates in respect of all of those B Ordinary Shares (or a confirmation of lost certificate in the case of any share certificates found to be missing); and 

 

	 	(d)	if the Third Party is the registered holder of any Performance Shares, a share transfer form in respect of all of the Vested Performance Shares and Unvested Performance
Shares registered in the name of the Third Party together with share certificates in respect of all of those Vested Performance Shares and Unvested Performance Shares (or a confirmation of lost certificate in the case of any share certificates found
to be missing); 

  
 7 

 Third Party Sale Deed means, in respect of a Third Party, a sale deed between the
Third Party, AOF Beta, GPC Australia, GPC’s Guarantor and the Company substantially in the form of Annex 2; 
 Third
Party Shares has the meaning given to that term in the Call Option Deed; 
 Transaction Costs has the meaning given to
that term in the Call Option Deed; 
 UAP means UAP Inc of 7025 Ontario Street, East Montréal, Québec H1N
2B3 Canada; 
 Unvested Performance Share has the meaning given to that term in the Call Option Deed; 

Vested has the meaning given in the Call Option Deed; 
 Vested Performance Shares means Performance Shares which have Vested; 

Warranties means each of the statements set out in Schedule 1; 

Warranty Claim means a claim by GPC Australia or any person deriving title from it, the basis of which is that a Warranty is, or is
alleged to be, untrue, inaccurate or misleading, including any claim under clause 10.5; and 
 Worked Examples has the
meaning given in clause 1.7(a). 
  

	1.2	Related entities 

 For the
purposes of this deed, one entity is related to another if the first entity: 
  

	 	(a)	controls the second entity; 

  

	 	(b)	is under the control of the second entity; or 

  

	 	(c)	is under the control of a third entity that also controls the second entity, 

 in each case for the purposes of section 50AA of the Corporations Act. 
  

	1.3	Insolvency 

 For the
purposes of this deed, a person is insolvent if: 
  

	 	(a)	an administrator, liquidator, provisional liquidator, receiver, receiver and manager or equivalent officer has been appointed in respect of that person or the whole or
any part of its assets or undertaking; 

  

	 	(b)	an arrangement, compromise or similar arrangement with creditors has been proposed, agreed or sanctioned in respect of that person; 

 

	 	(c)	an order or application has been made, or a resolution has been passed, for the winding up or dissolution of that person; 

 

	 	(d)	that person has stopped paying its debts as they fall due or is unable to pay its debts as they fall due; or 

 

	 	(e)	that person has otherwise become, or is otherwise taken to be, insolvent in any jurisdiction. 

  
 8 

	1.4	Reasonable endeavours 

Except as otherwise expressly provided in this deed, any provision of this deed which requires a party to use reasonable endeavours or all
reasonable endeavours, or to take all steps reasonably necessary, to procure that something is performed or occurs, does not impose any obligation to: 
  

	 	(a)	commence any legal action or proceeding against any person; 

  

	 	(b)	procure absolutely that thing is done or happens; 

  

	 	(c)	incur a material expense, except where that provision expressly specifies otherwise; or 

 

	 	(d)	accept any undertakings or conditions required by any Authority if those undertakings or conditions, in the reasonable opinion of the party required to give such
undertakings or satisfy such conditions, are materially adverse to its commercial interests or fundamentally or materially alter the basis on which it originally agreed to the transaction the subject of this deed. 

 

	1.5	References to certain other words and terms 

 In this deed: 
  

	 	(a)	any reference, express or implied, to any legislation in any jurisdiction includes: 

 

	 	(i)	that legislation as amended, extended or applied by or under any other legislation made before or after execution of this deed; 

 

	 	(ii)	any legislation which that legislation re-enacts with or without modification; and 

 

	 	(iii)	any subordinate legislation made before or after execution of this deed under that legislation, including (where applicable) that legislation as amended, extended or
applied as described in clause 1.5(a)(i), or under any legislation which it re-enacts as described in clause 1.5(a)(ii); 

  

	 	(b)	references to persons or entities include natural persons, bodies corporate, partnerships, trusts and unincorporated and incorporated associations of persons;

  

	 	(c)	references to an individual or a natural person include his estate and personal representatives; 

 

	 	(d)	a reference to a clause, schedule or annex is a reference to a clause, schedule or annex of or to this deed (and the schedules and annexes form part of this deed);

  

	 	(e)	subject to clause 18.2, references to a party to this deed include the successors or assigns (immediate or otherwise) of that party; 

 

	 	(f)	unless otherwise indicated, a reference to any time is a reference to that time in Atlanta, Georgia, United States of America; and 

 

	 	(g)	a reference to $, A$ or dollars is to Australian currency. 

  
 9 

	1.6	Rules of interpretation and construction 

 In this deed: 
  

	 	(a)	singular words include the plural and vice versa; 

  

	 	(b)	a word of any gender includes the corresponding words of any other gender; 

 

	 	(c)	if a word or phrase is defined, other grammatical forms of that word have a corresponding meaning; 

 

	 	(d)	general words must not be given a restrictive meaning by reason of the fact that they are followed by particular examples intended to be embraced by the general words;

  

	 	(e)	nothing is to be construed adversely to a party just because that party put forward this deed or the relevant part of this deed; and 

 

	 	(f)	the headings do not affect interpretation. 

  

	1.7	Calculations and Worked Examples 

  

	 	(a)	In the event that this deed (including the definitions in clause 1.1) requires a calculation to be performed, including in relation to price, securities or proportions,
(each a Calculation) and Schedule 3 includes a worked example demonstrating the making of the relevant Calculation (each a Worked Example), the Calculation must be performed in a manner which is consistent with the applicable Worked
Example. 

  

	 	(b)	If there is any inconsistency between the manner in which a Calculation is to be performed as prescribed by an operative provision of this deed (excluding this clause
1.7) on the one hand and by a Worked Example on the other, then the Calculation must be performed in a manner which is consistent with the relevant Worked Example. 

 

	1.8	Things required to be done other than on a Business Day 

  

	 	(a)	Subject to clause 1.8(b) and unless otherwise indicated, where the day on which any act, matter or thing is to be done is a day other than a Business Day, that act,
matter or thing must be done on or by the next Business Day. 

  

	 	(b)	Where clause 7.1(a) applies, any act, matter or thing required to be done at Completion must be done on the day specified in that clause regardless of whether that day
is a Business Day. 

  

	1.9	Duties of Incumbent Nominees 

 Where this deed requires a party to procure an Incumbent Nominee who is appointed by, or who otherwise represents, that party, to do or not do any thing (including giving any consent or approval or
passing any resolution) in relation to a Group Company during the period between the date of this deed and Completion, this deed shall not be taken to require the party to procure the Incumbent Nominee to do or not do anything which the Incumbent
Nominee, acting on legal advice provided by a reputable Australian law firm, reasonably believes would result in a breach of his or her statutory or fiduciary duties in respect of the relevant Group Company. 

  
 10 

	1.10	Obligations in relation to estimates 

 Where the Company is required to provide an estimate for the purpose of the definition of Estimated Net Debt, the Company must: 

 

	 	(a)	consult with GPC Australia and have reasonable regard to GPC Australia’s views concerning the relevant estimate; and 

 

	 	(b)	without limiting clause 1.10(a), calculate such estimate acting reasonably and in good faith. 

 

	2.	SALE AND PURCHASE OF THE NON-GPC OPTION SHARES 

  

	2.1	Sale and purchase of AOF Shares 

 Subject to the Conditions being satisfied or waived in accordance with this deed, on the day determined for Completion under clause 7.1, AOF Beta must sell (or procure the sale, as the case may be), and
GPC Australia must buy, the AOF Shares for the AOF Purchase Price free from all Encumbrances and together with all rights attaching or accruing to them as at that date. 

 

	2.2	Simultaneous acquisition of Third Party Shares 

 Subject to the Conditions being satisfied or waived in accordance with this deed, on the day determined for Completion under clause 7.1: 

 

	 	(a)	GPC Australia must buy the Third Party Shares from the Third Parties, with the Non-GPC Option Shares held by each Third Party being acquired in accordance with the
terms of the Third Party Documents of that Third Party; and 

  

	 	(b)	the Company may convert each Performance Share to the relevant number of Ordinary Shares in accordance with the Performance Share Plan. 

 

	2.3	Ownership and risk 

 Title
to and risk in the AOF Shares passes from AOF Beta (and any other AOF Entity that is a registered holder of those shares) to GPC Australia on Completion. 
  

	3.	PURCHASE PRICE 

  

	 	(a)	Subject to clause 4, the consideration provided by GPC Australia for the sale and purchase of the AOF Shares is the AOF Purchase Price. 

 

	 	(b)	The Company will, 5 Business Days before Completion, notify AOF Beta and GPC Australia in writing of: 

 

	 	(i)	the AOF Proportion; 

  

	 	(ii)	the Estimated Net Debt; and 

  

	 	(iii)	the Existing Debt Amount. 

  

	4.	PURCHASE PRICE CALCULATION AND ADJUSTMENT 

  

	4.1	Calculation of Purchase Price Adjustment 

  

	 	(a)	The Company must, within 15 Business Days following Completion, provide AOF Beta and GPC Australia with notice in writing, stating: 

 

	 	(i)	the Actual Net Debt; and 

  

	 	(ii)	the Aborted Exit Expenses, 

 (the
Purchase Price Adjustment Notice). 

  
 11 

	 	(b)	If requested in writing by GPC Australia or AOF Beta, the Company will provide GPC Australia and AOF Beta with the details of, and the basis for, the calculation of
each item comprising the Actual Net Debt and the Aborted Exit Expenses (if any) as stated in the Purchase Price Adjustment Notice. 

  

	4.2	Payment of Adjusted Purchase Price 

  

	 	(a)	If the Purchase Price Adjustment Amount is a negative number, AOF Beta must pay to GPC Australia, on the Actual Net Debt Payment Date, an amount equal to the Purchase
Price Adjustment Amount (disregarding the sign). 

  

	 	(b)	If the Purchase Price Adjustment Amount is a positive number, GPC Australia must pay to AOF Beta, on the Actual Net Debt Payment Date, an amount equal to the Purchase
Price Adjustment Amount (disregarding the sign). 

  

	 	(c)	If the Aborted Exit Expenses is greater than $0, AOF Beta must pay an amount equal to the Aborted Exit Expenses to GPC Australia, provided however, that the Aborted
Exit Expense will be set off against any payment due by GPC Australia to AOF Beta under clause 4.2(b). 

  

	4.3	Disputes 

 AOF Beta and
GPC Australia may only dispute the Purchase Price Adjustment Notice by giving notice to the other party in accordance with the procedure set out in Schedule 2. If, by the expiry of the period of 10 Business Days following the date of receipt of the
Purchase Price Adjustment Notice: 
  

	 	(a)	no such notice is given to the Company and either AOF Beta or GPC Australia (as the case may be); or 

 

	 	(b)	AOF Beta and GPC Australia agree in writing that there are no items they wishes to dispute, 

the proposed Actual Net Debt and Aborted Exit Expense (if any) set out in the Purchase Price Adjustment Notice will immediately become the
Actual Net Debt and Aborted Exit Expense for the purposes of this deed. 

  
 12 

	5.	CONDITIONS 

  

	5.1	Conditions 

 Clauses 2 and
7 do not become binding on the parties and have no force or effect, and Completion must not take place, unless and until each of the conditions listed in the first column of the following table are either satisfied or waived in accordance with
clause 5.4: 
  

					
	 Condition
	  	Right to waive	 
	 (a)     where required under the terms of a Material Contract, the relevant Group Company has obtained
the written consent to a change in control of that Group Company resulting from the acquisition of the AOF Shares in accordance with this deed from the relevant counterparty to that Material Contract, which consents are either unconditional or on
terms and conditions reasonably satisfactory to GPC Australia;
	  	 	GPC Australia	  
		
	 (b)     each Third Party has executed the Third Party Documents to which it is a party and has delivered
those documents to AOF Beta;
	  	 	GPC Australia	  
		
	 (c)     no Material Adverse Change has occurred; and
	  	 	GPC Australia	  
		
	 (d)     each Key Employee has entered into a new employment agreement
with a Group Company which:
  

(i)      (subject to any amendments required in order to incorporate the provisions
contemplated by clause (iii) below and other than in respect of the new employment agreement for John Moller) is substantially in the form of Annex 3;
  

(ii)     is on terms and conditions which are no less favourable to that Key Executive
than the terms and conditions applicable under that Key Executive’s employment arrangements with the Group as at the date of this deed; and
  

(iii)    contains remuneration and short term incentive plan and long term incentive plan
arrangements in respect of that Key Employee as determined and agreed between the Group (acting through John Moller) and GPC (acting through Tom Gallagher).
	  	 	GPC Australia	  

  

	5.2	Satisfaction of Conditions 

Each party must use all reasonable endeavours (including in the case of AOF Beta only, and to the extent necessary, by exercising all Drag
Along Rights available to it) to procure that each of the Conditions is satisfied as soon as reasonably practicable following the date of this deed and in any event before the Long Stop Date. 

 

	5.3	Notice of satisfaction of Conditions 

 Each of GPC Australia and AOF Beta must, within 1 Business Day after it becomes aware that a Condition has been satisfied or cannot be satisfied, give notice in writing to the other parties that the
Condition has been satisfied or cannot be satisfied (as the case may be) together with reasonable evidence of the same. 
  

	5.4	Waiver of Conditions 

 A
Condition may be waived, and may only be waived: 
  

	 	(a)	if one party is specified in the second column of the table in clause 5.1 opposite that Condition, by that party by notice to each of the other parties; or

  

	 	(b)	if more than one party is specified in the second column of the table in clause 5.1 opposite that Condition, by written agreement between all of the specified parties.

 A party entitled to waive or to agree to waive a Condition under this clause 5.4 may do so in its absolute
discretion. A party that waives or agrees to waive a Condition may not bring a Claim against any other party in respect of any breach of this deed that caused that Condition not to be satisfied. 

  
 13 

	5.5	Termination 

 Subject to
clause 5.6, if the Condition has not been satisfied or waived on or before the Long Stop Date, GPC Australia or AOF Beta may serve notice on each other party terminating this deed and in that event, without prejudice to the continued operation of
the Call Option Deed: 
  

	 	(a)	except for this clause 5.5 and clauses 1, 13, 14, 15, 16, 17, 18 (other than 18.11) and 21, all the provisions of this deed will lapse and cease to have effect; and

  

	 	(b)	neither the lapsing of those provisions nor their ceasing to have effect will affect any accrued rights or liabilities of either party in respect of damages for
non-performance of any obligation under this deed falling due for performance before such lapse or cessation. 

  

	5.6	Conditions for termination 

Either of GPC Australia or AOF Beta is only entitled to terminate this deed under clause 5.5 if it has: 

 

	 	(a)	complied with its obligations under clauses 5.2 and 5.3; and 

  

	 	(b)	given at least 3 Business Days’ prior written notice to the other parties of its intention to terminate this deed. 

 

	6.	PRE-COMPLETION OBLIGATIONS 

  

	6.1	Ordinary course 

 From the
date of this deed until the earlier of Completion and the termination of this deed, the Company must ensure that, and AOF Beta and GPC Australia must: 
  

	 	(a)	exercise all rights available to them to provide any necessary consents or approvals which they are capable of providing; and 

 

	 	(b)	procure each of their Incumbent Nominees to exercise all rights available to them and provide any necessary consents or approvals which they are capable of providing,

 in each case, to ensure that (except with the prior written consent of AOF Beta and GPC or to the extent
reasonably required to enable the Company or AOF Beta to exercise its rights or powers or comply with its obligations under this deed or any other Sale Transaction Document), each Group Company carries on the Business in the ordinary and usual
course in a manner consistent with its usual business practices and in particular does not: 
  

	 	(c)	deviate from its usual practices in relation to the payment or rendering of accounts or cash management; 

 

	 	(d)	issue any shares, options or other securities or any instruments convertible into Shares; 

 

	 	(e)	purchase, buy back or redeem any Share or loan capital or any securities convertible into Share or loan capital; 

 

	 	(f)	incur any capital expenditure exceeding $1 million in respect of a single item, or $3 million in aggregate, with the exception of expenditure within the budget of the
then current financial year; 

  
 14 

	 	(g)	transfer, or otherwise dispose of, or create any Encumbrance over, any material part of its assets except in the ordinary course of trading; 

 

	 	(h)	terminate (except for good cause) the employment of, or make any material change in the terms and conditions of employment of, any employee who is employed by that
Group Company at a base salary of more than $250,000 per annum (or the approximate local currency equivalent) or employ any person on a base salary of more than $250,000 per annum (or the approximate local currency equivalent), other than for the
purposes of clause 5.1(d); 

  

	 	(i)	enter into any new contract or commitment that requires or may require payments to or by that Group Company in any single financial year of in excess of $1 million or
is otherwise of material importance to the business of that Group Company whether by reason of its nature, term, scope or for any other reason; 

  

	 	(j)	commence, compromise or settle any litigation or similar proceedings relating to an aggregate amount exceeding $1 million; 

 

	 	(k)	increase the aggregate level of the long term interest bearing debt of the Group, or increase the aggregate facility limit in respect of the working capital facilities
of the Group; 

  

	 	(l)	knowingly permit any of its insurance policies to lapse; 

  

	 	(m)	change in any material respect the accounting procedures, principles or practices of any Group Company; or 

 

	 	(n)	agree, conditionally or otherwise, to do any of the foregoing (or anything having a similar effect). 

 

	6.2	Termination by GPC Australia 

 If any time before Completion the Company or AOF Beta breaches clause 6.1 and: 
  

	 	(a)	that breach: 

  

	 	(i)	is not capable of remedy and it is reasonably likely that a Material Adverse Change will occur as a direct result of that breach; or 

 

	 	(ii)	is capable of remedy but has not been remedied within 20 Business Days of the date on which the breach occurs, and it is reasonably likely that a Material Adverse
Change will occur as a direct result of that breach; or 

  

	 	(b)	a Material Adverse Change occurs as a direct result of that breach, 

 then without prejudice to the continued operation of the Call Option Deed, GPC Australia may: 
  

	 	(c)	by notice to AOF Beta and the Company at any time before Completion terminate this deed by giving the Company and AOF Beta written notice of termination, such notice to
set out details of the alleged breach clause 6.1 and the actual or anticipated Material Adverse Change that has occurred, or is reasonably likely to occur, as a direct result of it; or 

  
 15 

	 	(d)	proceed to Completion in which case GPC Australia will not be entitled to make a Claim in respect of any breach referred to in clause 6.2(a) or any other breach of this
deed (including a breach of the Warranties) that contributed to the Material Adverse Change. 

  

	6.3	Consents to change in control 

 Each of AOF Beta, the Company and GPC Australia must from the date of this deed until Completion use its reasonable endeavours to obtain on or before Completion all consents that are required under the
terms of any material agreement, including any leases and the Existing Debt Facilities to the change in control of the Company that will occur on Completion on terms reasonably acceptable to AOF Beta, the Company and GPC Australia. 

 

	6.4	Preliminary Exit Steps 

In the event that AOF Beta or the Group undertake any Preliminary Exit Steps prior to the date of this deed, then AOF Beta will take such
steps prior to Completion, as are reasonably required in writing by GPC Australia, to terminate or unwind any arrangement entered into by a Group Company in connection with any Preliminary Exit Steps. 

 

	6.5	Debt Notice 

 GPC
Australia must, by no later than the date 5 Business Days prior to Completion, give the Company and AOF Beta notice in writing stating whether or not it intends to procure the Borrowers to repay the Existing Debt Amount on Completion (Debt
Notice). 
  

	7.	COMPLETION 

  

	7.1	Time and place 

Completion must take place at the offices of Alston & Bird, One Atlantic Centre, 1201 West Peachtree Street, Atlanta, Georgia,
United States of America at 9pm Eastern Standard Time on: 
  

	 	(a)	1 April 2013, if all of the Conditions are satisfied or waived before 25 March 2013; or 

 

	 	(b)	in any other case, the later of: 

  

	 	(i)	if the date on which either GPC Australia or AOF Beta (as the case may be) gives the other notice in writing in accordance with clause 5.3 or 5.4 that the last of the
Conditions has been satisfied or waived (provided that each Condition is in fact satisfied or waived at the time when such notice is given) is more than 5 Business Days prior to the end of a calendar month, on the last Business Day of the calendar
month in which the last of the Conditions is satisfied or waived; 

  

	 	(ii)	if the date on which either GPC Australia or AOF Beta (as the case may be) gives the other notice in writing in accordance with clause 5.3 or 5.4 that the last of the
Conditions has been satisfied or waived (provided that each Condition is in fact satisfied or waived at the time when such notice is given) is within 5 Business Days of the end of a calendar month, the last Business Day in the next calendar month,

 or at such other place or at such other time or date as GPC Australia and AOF Beta may agree in writing or such
other time and date permitted by this deed. 

  
 16 

	7.2	Provision of information before Completion 

 GPC Australia must provide to AOF Beta not less than 5 Business Days before Completion: 
  

	 	(a)	the names of any director, secretary and public officer of each Group Company that GPC Australia does not require to resign on Completion; and 

 

	 	(b)	the names of each person that GPC Australia requires to be appointed as a director, secretary or public officer of any Group Company with effect from Completion,
together with a duly signed consent to act from each such person relating to the proposed appointment. 

 For the
avoidance of doubt, nothing in clause 7.2 entitles GPC Australia to compel a person to remain as a director or company secretary or public officer of any Group Company should they not wish to do so, and AOF Beta shall have no obligation to procure
that any person remains as a director or company secretary or public officer of any Group Company following Completion. 
  

	7.3	Obligations of AOF Beta 

On Completion AOF Beta must: 
  

	 	(a)	procure the delivery to GPC Australia of: 

  

	 	(i)	duly executed transfer(s) for the AOF Shares; 

  

	 	(ii)	the share certificate(s) in respect of the AOF Shares; 

  

	 	(iii)	an original of the Third Party Documents relating to each Third Party, duly executed in counterpart on behalf of that Third Party where required; and

  

	 	(iv)	an original Third Party Sale Deed in respect of each Third Party, duly executed in counterpart on behalf of AOF Beta; and 

 

	 	(b)	procure the written resignation, in a form acceptable to GPC Australia (acting reasonably), of each Incumbent Nominee appointed by, or who otherwise represents, AOF
Beta or any other AOF Entity, in each case effective from Completion (unless GPC Australia notifies AOF Beta under clause 7.2(a) not less than 5 Business Days prior to Completion that it wishes for an Incumbent Nominee of AOF Beta or any other AOF
Entity to continue to hold a particular office with a Group Company and the relevant Incumbent Nominee consents in writing to continuing to hold that office). 

 

	7.4	Obligations of GPC Australia 

 On Completion GPC Australia must: 
  

	 	(a)	subject to clause 17.3 of this deed, pay the AOF Purchase Price to (or as otherwise directed by) AOF Beta; 

 

	 	(b)	if GPC Australia states in the Debt Notice that it proposes to procure the repayment of all amounts owing under the Existing Debt Facilities on Completion, execute the
Discharge Loan Agreement and advance an amount equal to the Existing Debt Amount to (or as otherwise directed by) the Borrowers in accordance with the Discharge Loan Agreement; 

 

	 	(c)	deliver to AOF Beta two originals of the Third Party Sale Deed relating to each Third Party, duly executed in counterpart on behalf of GPC Australia; and

  
 17 

	 	(d)	perform all of its obligations under each Third Party Sale Document which are required to be performed at the time of Completion. 

 

	7.5	Obligations of AOF Beta, GPC Australia, GPC’s Guarantor and the Company 

Without limiting the obligations of AOF Beta on Completion under clause 7.3 or the obligations of GPC Australia on Completion under clause
7.4, on Completion AOF Beta, GPC Australia and the Company must each exercise (and GPC’s Guarantor must procure that UAP exercises) all rights available to them (respectively), provide any necessary consents or approvals which they are capable
of providing and must procure each of their Incumbent Nominees (and, in the case of GPC’s Guarantor, each of UAP’s Incumbent Nominees) to exercise all rights available to them and provide any necessary consents or approvals which they are
capable of providing, in each case, to ensure that: 
  

	 	(a)	if GPC Australia states in the Debt Notice that it proposes to procure the repayment of all amounts owing under the Existing Debt Facilities on Completion:

  

	 	(i)	the funds advanced by GPC Australia under the Discharge Loan Agreement to the Borrowers are used on Completion to discharge the Existing Debt Amount (and any loan notes
issued in connection with the Existing Debt Facilities are redeemed and cancelled with effect from Completion); 

  

	 	(ii)	the discharge of each of the Registered Charges (if any) is noted on the Register; 

 

	 	(iii)	duly executed releases of each Existing Security (if any) are delivered to GPC Australia; and 

 

	 	(iv)	AOF Beta produces evidence that each financing statement (as defined in the NZ PPSA) registered in relation to each Borrower NZ Security (if any) will be discharged
upon Completion (with such evidence to be taken from Completion by GPC Australia); 

  

	 	(b)	on Completion the Company pays all amounts payable by it in respect of the period up to and including Completion under the New Management Services Agreement;

  

	 	(c)	the Company delivers to AOF Beta two originals of the Third Party Sale Deed relating to each Third Party, duly executed in counterpart on behalf of the Company; and

  

	 	(d)	a board meeting of each Group Company is duly convened and held (or circulating resolutions of the directors of each Group Company are executed), or in the case of any
Group Company registered in New Zealand, procure that a board or shareholder meeting is held (or board or shareholder resolutions are otherwise executed), in accordance with the constitution of that Group Company, in each case in order to resolve
that: 

  

	 	(i)	each resignation given under clause 7.3(b) is accepted; 

  

	 	(ii)	each director, secretary and public officer nominated under clause 7.2(b) is appointed; 

 

	 	(iii)	the existing authorities to operate bank accounts for that Group Company are revised in such manner as GPC Australia may reasonably require pursuant to the terms of a
notice given not less than 5 Business Days before Completion; 

  
 18 

	 	(iv)	if required by GPC Australia pursuant to a written notice given to the Company and AOF Beta not less than 10 Business Days prior to Completion, any existing powers of
attorney granted by that Group Company are revoked; and 

  

	 	(v)	in respect of the Company only, the transfers referred to in clause 7.3(a)(i) and which form part of the Third Party Documents referred to in clause 7.3(a)(iii) are
approved for registration (subject only to the payment of any applicable Stamp Duty). 

  

	7.6	Performance of Completion obligations 

  

	 	(a)	Subject to clause 7.6(c), the obligations of the parties under clauses 7.3, 7.4, and 7.5 are interdependent and no party is obliged to complete the sale and purchase of
the AOF Shares and Completion will not occur unless all of the obligations of the other parties which are to be performed under these clauses are performed as nearly as possible simultaneously, on the same date and in accordance with the terms of
this deed. 

  

	 	(b)	If for any reason Completion does not occur then, without prejudice to any other rights of the parties, any action taken by the parties under this clause 7 is deemed
not to have occurred and the parties must take all action necessary to restore them to their respective positions before such action was taken, including returning any document delivered or payment made to the party that delivered it or paid it.

  

	 	(c)	GPC Australia may in its sole discretion waive the performance of any of the obligations of AOF Beta under this clause 7 and AOF Beta may in its sole discretion waive
the performance of any of the obligations of GPC Australia under this clause 7. 

  

	7.7	Notice to complete 

 If
Completion does not occur in accordance with this clause 7 because of the failure of any party (Defaulting Party) to satisfy any of its obligations under this clause 7 then: 

 

	 	(a)	GPC Australia (where the Defaulting Party is AOF Beta); or 

  

	 	(b)	AOF Beta (where the Defaulting Party is GPC Australia), 

 (in either case the Non-Defaulting Party) may give the Defaulting Party a notice requiring the Defaulting Party to satisfy those obligations within a period of 5 Business Days after the date
of the notice and specifying that time is of the essence in relation to that notice. 
 Despite anything else in this deed, if
and when Completion occurs following a notice given to AOF Beta by GPC Australia under this clause 7.7, “Actual Net Debt” (and all terms used in the calculation of it) is to be calculated as though Completion occurs on, and the Completion
Date is, the date determined for Completion under clause 7.1. 
  

	7.8	Remedies for failure to comply with notice 

 If the Defaulting Party fails to comply with a notice given under clause 7.7, the Non-Defaulting Party may without limiting its other rights or remedies available under this deed or at law:

  

	 	(a)	immediately terminate this deed, in which case the Non-Defaulting Party may seek damages for breach of this deed; or 

  
 19 

	 	(b)	seek specific performance of this deed, in which case: 

  

	 	(i)	if specific performance is obtained the Non-Defaulting Party may also seek damages for breach of this deed; and 

 

	 	(ii)	if specific performance is not obtained the Non-Defaulting Party may then terminate this deed and may seek damages for breach of this deed; or 

 

	 	(c)	enforce its rights under clause 7.9. 

  

	7.9	Power of attorney 

  

	 	(a)	Appointment 

  

	 	(i)	Subject to clause 7.9(a)(ii), AOF Beta hereby irrevocably appoints any two directors of GPC’s Guarantor jointly as its attorney (the Attorney) with power to
complete and execute (under hand or under seal) from any location outside of Australia (but not from any location within Australia) such documents for and on its behalf as the Attorney thinks necessary or desirable to give effect to any of the
transactions or matters contemplated by clauses 7.3(a)(i) and 7.3(a)(iv), including the power for the Attorney to execute all necessary documentation to complete any of the sales or transactions contemplated by those clauses on behalf of AOF Beta.

  

	 	(ii)	An Attorney may only exercise the power of attorney under this clause 7.9 if: 

 

	 	I.	AOF Beta has not complied in full with its obligations under clauses 7.3 and 7.5 by 5pm on the day which is 5 Business Days after service of a notice on AOF Beta under
clause 7.7; and 

  

	 	II.	GPC Australia and GPC’s Guarantor have each fully complied with all of their respective obligations under clauses 7.4 and 7.5. 

 

	 	(b)	Validity 

 AOF Beta
declares that all acts and things done by the Attorney in exercising powers under this power of attorney will be as good and valid as if they had been done by AOF Beta and agrees to ratify and confirm whatever is done in exercising powers under this
power of attorney provided the exercise is consistent with the provisions of clause 7. 
  

	 	(c)	Irrevocable 

 AOF Beta
declares that this power of attorney is given for valuable consideration and, subject to clause 7.9(g), is irrevocable. 
  

	 	(d)	Benefits 

 The Attorney is
expressly authorised to do any act in the proper course of exercising their power as attorney under this clause 7.9 as a result of which a benefit is conferred on the GPC’s Guarantor. 

  
 20 

	 	(e)	Inconsistent instruments 

AOF Beta must not issue, sign or execute any power of attorney or other instrument signed, executed or issued by or on behalf of AOF Beta
at any time prior to the second day of the month which immediately follows the month in which the day on which the power of attorney in clause 7.9(a)(i) became capable of exercise under clause 7.9(a)(ii) occurred, whether before or after the date of
this deed, conferring on persons other than the attorneys appointed under this clause 7.9 (whether jointly or severally or jointly and severally) rights which contradict or are inconsistent with some or all of the rights contained in the power of
attorney granted under this clause 7.9 (an Inconsistent Instrument), and undertakes to immediately revoke any powers given in such Inconsistent Instrument, which contradict or are inconsistent with the powers granted under this power of
attorney. If AOF Beta fails to revoke an Inconsistent Instrument the Attorney is authorised to revoke the powers given in the Inconsistent Instrument which contradict or are inconsistent with the powers granted in this power of attorney. 

 

	 	(f)	Specific Performance 

Each party acknowledge that: 
  

	 	(i)	its obligations under this clause 7.9 may be of a special, unique or invaluable nature such that an award of damages or an account of profits may be inadequate to
compensate the other party for a failure by it to comply with this clause 7.9; 

  

	 	(ii)	it will have a right to seek an ex parte, interlocutory or final injunction to prohibit or restrain each other party from any violation or suspected or threatened
violation of this clause 7.9; and 

  

	 	(iii)	it will have a right to seek an order for specific performance to require the other party to comply with this clause 7.9. 

 

	 	(g)	Termination 

 The power of
attorney granted under this clause 7.9 terminates and is revoked automatically on the first to occur of Completion and the termination of this deed. 
  

	 	(h)	Release 

  

	 	(i)	Exercise of the power of attorney granted under this clause 7.9 in accordance with this deed shall constitute full and final settlement of, and upon such exercise
occurring, GPC Australia, GPC’s Guarantor and the Company hereby releases and forever discharges, all Claims it has or may have against AOF Beta and any of its Related Bodies Corporate and directors, officers, employees, consultants, advisers,
attorneys and agents (the AOF Beta Personnel) for any breach of, or non-compliance of its obligations under, clauses 7.3(a)(i) and 7.3(a)(iv) (Delay Claim). 

 

	 	(ii)	With effect from the time the power of attorney granted under this clause 7.9 is exercised, GPC Australia, GPC’s Guarantor, the Company must not and must procure
that each of their respective Related Bodies Corporate and directors, officers, employees, consultants, advisers, attorneys and agents (the Non-AOF Personnel) do not, sue, commence, voluntarily aid in any way, prosecute or cause to be
commenced or prosecuted against AOF Beta or any AOF Beta Personnel any Delay Claim (and must immediately discontinue and must procure that each of its Non-AOF Personnel immediately discontinues any Delay Claim existing as at that date).

  
 21 

	 	(iii)	This clause 7.9(h) may be pleaded as a full and complete defence by AOF Beta or any AOF Personnel to any action arising out of or in connection with or concerning a
Delay Claim commenced by any other party or any Non-AOF Personnel. 

  

	 	(iv)	Where this clause 7.9(h) applies, it is not, and shall not be represented or construed by any party as, an admission of liability or wrongdoing on the part of any party
to this deed or any other person or entity. 

  

	8.	ACCESS TO RECORDS FOLLOWING COMPLETION 

 Without limiting any other rights of access under this deed, for a period of 2 years after Completion GPC Australia must procure that each Group Company makes available to AOF Beta on reasonable notice
and at the cost of AOF Beta all records and documents of that Group Company (in whatever form and including all statutory books, trading and financial records, employee records, tax assessments and returns and all related correspondence) reasonably
required by AOF Beta (or any other AOF Entity) for the purposes of: 
  

	 	(a)	complying with its legal obligations or to enable it to prepare accounts, tax returns and other statutory returns or fulfil any other obligation relating wholly or
partly to any period before Completion; or 

  

	 	(b)	defending any claim or proceeding (other than a claim or proceeding brought by a member of the GPC Group), 

except where to do so would, in the reasonable opinion of the party required to make available any such records or documents, be likely to
result in a waiver of privilege in relation to the particular records or documents sought. 
  

	9.	RELEASE FROM GUARANTEES 

  

	9.1	Release of Group Companies from guarantees 

 AOF Beta and GPC Australia must use all reasonable endeavours to procure that on Completion each Group Company is released from all guarantees and indemnities given by that Group Company in respect of any
liability or obligation of any member of the AOF Group (provided that this will not extend to the indemnity in clause 12 of the New Management Services Agreement). Pending such release AOF Beta must pay to GPC Australia on demand the amount of all
Losses directly or indirectly suffered or incurred by any Group Company arising out of or in connection with those guarantees and indemnities. 
  

	9.2	Release of AOF Group from guarantees 

 AOF Beta and GPC Australia must use all reasonable endeavours to procure that as from Completion each member of the AOF Group is released from all guarantees and indemnities which have been given by that
member in respect of any liability or obligation of any Group Company. Pending such release GPC Australia must pay to AOF Beta on demand the amount of all Losses directly or indirectly suffered or incurred or suffered by any member of the AOF Group
arising out of or in connection with those guarantees and indemnities. 

  
 22 

	10.	WARRANTIES 

  

	10.1	Warranties 

 AOF Beta
warrants to GPC Australia that each Warranty is true, accurate and not misleading as at the date of this deed, and will at Completion be, true, accurate and not misleading (unless a Warranty is expressed to be given at a particular date, in which
case it is given as of that date only). 
  

	10.2	Survival 

 Each Warranty
will remain in full force and effect after Completion and a Claim is not limited to breaches identified prior to Completion. 
  

	10.3	Reliance 

 The parties
acknowledge that GPC Australia has entered into each Sale Transaction Document in reliance on the Warranties. 
  

	10.4	Warranties not limited 

Each Warranty is separate and independent and, except as expressly provided to the contrary in this deed, is not limited by reference to
any other Warranty. 
  

	10.5	Indemnity 

 AOF Beta
indemnifies GPC Australia against, and must pay to GPC Australia on demand an amount equal to, all Losses suffered or incurred by GPC Australia arising out of or in connection with any Warranty being untrue, inaccurate or misleading. 

 

	10.6	Company and AOF Beta to notify of potential breaches 

 If before Completion, the Company or AOF Beta becomes aware of any fact, matter or circumstance which results in or, in the opinion of the board of directors of the Company (acting reasonably and in good
faith), is reasonably likely to result in a breach of any Warranty, that would give rise to a Claim of not less than $5 million if Completion were to occur, before Completion that party must promptly provide to GPC Australia notice describing that
fact, matter or circumstance in reasonable detail (having regard to the facts it is aware of) provided that nothing in this clause obliges AOF Beta or the Company to make enquiries as to whether any fact, matter or circumstance of that type has
arisen. 
  

	10.7	Termination for breach of Warranty prior to Completion 

 Without limiting any other rights of GPC Australia under this deed, if before Completion GPC Australia becomes aware of any fact, matter or circumstance which results in or is reasonably likely to result
in a breach of a Warranty that would give rise to a Claim of not less than $5 million if Completion were to occur, then GPC Australia may give notice of the relevant fact, matter or circumstance in accordance with clause 11.4 and require the
Company and AOF Beta to procure that the specified fact, matter or circumstance is remedied by the earlier of 11.59pm on the date 20 Business Days after the date of the notice and 8am on the Completion Date. If the specified fact, matter or
circumstance is not remedied to the reasonable satisfaction of GPC Australia by that time, then GPC Australia may: 

  
 23 

	 	(a)	by notice to AOF Beta and the Company at any time before Completion terminate this deed; or 

 

	 	(b)	proceed to Completion in which case GPC Australia will not be entitled to bring a Claim against AOF Beta following Completion in respect of that fact, matter or
circumstance. 

  

	10.8	Adjustment for certain payments 

 Any payment made: 
  

	 	(a)	by AOF Beta to GPC Australia for a Claim or pursuant to any other Sale Transaction Document will be treated as a pro-rata reduction in the purchase price of each AOF
Share; or 

  

	 	(b)	by GPC Australia or GPC’s Guarantor to AOF Beta in respect of a Claim will be treated as a pro-rata increase in the purchase price of each AOF Share.

  

	11.	LIMITATIONS 

  

	11.1	No small claims 

 GPC
Australia cannot make any Warranty Claim unless: 
  

	 	(a)	the amount of damages to which GPC Australia would be entitled in relation to the Warranty Claim is greater than $250,000; 

 

	 	(b)	the aggregate amount of all damages to which GPC Australia would be entitled in relation to all Claims properly made under this deed exceeds $5 million, at which point
AOF Beta is liable for the whole of that amount and not merely the excess over $5 million. 

  

	11.2	Cap on Claims 

 The
maximum aggregate liability of AOF Beta arising out of or in connection with this deed or its subject matter (including any and all Warranty Claims and any and all Claims) is limited to an amount equal to the AOF Purchase Price. 

 

	11.3	Time limit 

  

	 	(a)	The liability of AOF Beta in respect of any and all Claims terminates on the date which is 12 months after the Completion Date except in respect of any Claim of which
notice is given to AOF Beta in accordance with this deed before the first anniversary of the date of this deed. 

  

	 	(b)	The liability of AOF Beta in respect of any Claim will in any event terminate if proceedings in respect of that Claim have not been commenced within 6 months after
notice of that Claim is given to AOF Beta in accordance with this deed. 

  

	11.4	Notice 

  

	 	(a)	If GPC Australia becomes aware of a matter or circumstance which may give rise to a Claim GPC Australia must give notice to AOF Beta specifying the relevant facts and
the nature of the Claim, and give an estimate of the amount of the Claim (Claim Notice) no later than 20 Business Days after GPC Australia first becomes aware of that fact, matter or circumstance. 

 

	 	(b)	Failure to give a Claim Notice within the period specified in clause 11.4(a) will not bar GPC Australia from making a Claim but AOF Beta will not be liable for any
increased Loss suffered by GPC Australia as a result of not giving AOF Beta the Claim Notice within the time specified in clause 11.4(a). 

  
 24 

	11.5	Exclusion of certain losses 

 AOF Beta has no liability for any loss of profits, business, goodwill, opportunity or chance, or for any indirect or special loss, any punitive or aggravated damages or for loss or damage resulting from a
breach of this deed (including a breach of any Warranty): 
  

	 	(a)	which does not arise naturally or in the usual course of things from that breach; or 

 

	 	(b)	which was not in the reasonable contemplation of all parties on or before execution of this deed as a probable result of the relevant breach. 

 

	11.6	Mitigation 

 Nothing in
this deed prejudices or otherwise affects any obligations of a party at common law concerning, or otherwise resulting in, the mitigation of Loss by that party. 
  

	11.7	Right to remedy 

 If the
matter or circumstance giving rise to a Claim is capable of remedy: 
  

	 	(a)	GPC Australia must procure that AOF Beta is given a 20 Business Day period after receipt of the Claim Notice to remedy the relevant matter or circumstance; and

  

	 	(b)	GPC Australia must, without prejudice to GPC Australia’s obligations under clause 11.6, provide, and must procure that each relevant Group Company provides, all
reasonable assistance to AOF Beta as AOF Beta requests in writing to remedy the relevant matter or circumstance, provided that: 

  

	 	(i)	GPC Australia must provide AOF Beta with a written estimate (prepared in good faith) of the aggregate amount of any out of pocket costs or expenses (excluding, for the
avoidance of doubt, any costs or expenses attributable to management time) which it is reasonably likely to incur in the provision of such assistance (the Estimate); and 

 

	 	(ii)	GPC Australia is only required provide any assistance which would result in it incurring any out of pocket costs or expenses (excluding, for the avoidance of doubt, any
costs or expenses attributable to management time) (Relevant Costs) if AOF Beta approves the provision of such assistance in writing, in which case AOF Beta must reimburse GPC Australia for all Relevant Costs actually incurred by GPC
Australia (as evidenced by appropriate invoices) in the provision of such assistance up to an amount not exceeding the Estimate (or such greater amount as AOF Beta and GPC Australia agree in writing). 

 

	11.8	Subsequent recovery 

 If
AOF Beta makes a payment in respect of a Claim (the AOF Payment) and: 
  

	 	(a)	at any time after the making of such payment any Group Company or GPC Australia receives any sum, other than the AOF Payment, which would not have been received but for
the matter or circumstance giving rise to that Claim (the Third Party Sum); 

  
 25 

	 	(b)	the receipt of the Third Party Sum was not taken into account in calculating the AOF Payment; and 

 

	 	(c)	the aggregate of the Third Party Sum and the AOF Payment exceeds the amount required to compensate GPC Australia in full for the loss or liability which gave rise to
the Claim in question (such excess being the Excess Recovery), 

 GPC Australia must, promptly following
receipt of the Third Party Sum by it or the relevant Group Company, repay to AOF Beta an amount equal to the lesser of the Excess Recovery and the AOF Payment. 
  

	11.9	Insurance 

 Without
prejudice to clause 11.6, if in respect of any matter which would otherwise give rise to a Claim, any Group Company is entitled to claim under any policy of insurance (or would have been so entitled had it maintained in force its insurance cover
current at Completion), the amount of the Claim is taken to be reduced by the amount of insurance monies to which that Group Company is or would have been entitled. 
  

	11.10	  Independent limitations 

 Each of the qualifications and limitations set out in this clause 11 is to be construed independently of the others and is not limited by any other qualification or limitation. 

 

	11.11	  No liability for Third Parties 

 Without limiting AOF Beta’s obligations under clause 5.2 in relation to the condition in clause 5.1(b) and clause 7.3(a)(iii), AOF Beta is not liable for any act, matter or thing done or not done by
any Third Party, including any breach of a Third Party Document by a Third Party, (each a Third Party Act or Omission) and GPC Australia must not bring a Claim against AOF Beta in respect of any Third Party Act or Omission. 

 

	12.	GPC AUSTRALIA’S AND GPC’S GUARANTOR’S WARRANTIES 

  

	12.1	GPC Australia and GPC’s Guarantor’s warranties 

 GPC Australia and GPC’s Guarantor each warrant to AOF Beta and each Third Party that each of the following statements is true and accurate: 

 

	 	(a)	it is a corporation validly existing under the laws of the place of its incorporation; 

 

	 	(b)	it has the power to execute and deliver, and to perform its obligations under, this deed and each of the other Sale Transaction Documents to which it is or will be a
party, and has taken all necessary corporate action to authorise such execution and delivery and the performance of such obligations; 

  

	 	(c)	its obligations under this deed are, and its obligations under each of the other Sale Transaction Documents to which it is or will be a party are, or will on execution
of those Sale Transaction Documents be, legal, valid and binding and enforceable subject to and in accordance with their terms; 

  
 26 

	 	(d)	the execution and delivery by it of this deed and of each of the other Sale Transaction Documents to which it is or will be a party and the performance of its
obligations under each of them does not and will not conflict with or constitute a default under any provision of: 

  

	 	(i)	any agreement or instrument to which it is a party; 

  

	 	(ii)	its constitution; or 

  

	 	(iii)	any law, order, judgment, award, injunction, decree, rule or regulation by which it is bound; 

 

	 	(e)	all Authorisations from, and notices or filings with, any Authority that are necessary to enable it to execute and deliver and to perform its obligations under this
deed and (except those the subject of any Condition) each of the other Sale Transaction Documents to which it is or will be a party have been obtained or made (as the case may be) and are in full force and effect and all conditions of each such
Authorisation have been complied with; and 

  

	 	(f)	it is not insolvent. 

  

	12.2	Survival 

 Each warranty
given by GPC Australia and GPC’s Guarantor pursuant to clause 12 will remain in full force and effect after Completion and a Claim is not limited to breaches identified prior to Completion. 

 

	12.3	Reliance 

 The parties
acknowledge that AOF Beta and each Third Party Seller has entered into each Sale Transaction Document to which it is a party in reliance on the warranties given by GPC Australia and GPC’s Guarantor pursuant to clause 12. 

 

	13.	GUARANTEE 

  

	13.1	Guarantee by GPC’s Guarantor 

 GPC’s Guarantor unconditionally and irrevocably: 
  

	 	(a)	guarantees to AOF Beta and each Third Party the payment when due of all amounts payable by GPC Australia under or pursuant to this deed and the other Sale Transaction
Documents; 

  

	 	(b)	undertakes to ensure that GPC Australia will perform when due all its obligations under or pursuant to this deed and the other Sale Transaction Documents;

  

	 	(c)	agrees that if and each time that GPC Australia fails to make any payment when it is due under or pursuant to this deed or any other Sale Transaction Document,
GPC’s Guarantor must on demand (without requiring AOF Beta or any Third Party first to take steps against GPC Australia or any other person) pay that amount to (or as directed by) AOF Beta or the Third Party (as the case may be) as if it were
the principal obligor in respect of that amount; and 

  

	 	(d)	agrees as principal debtor and primary obligor to indemnify AOF Beta and each Third Party against, and to pay to AOF Beta and each Third Party on demand an amount equal
to, any Loss (including legal and other professional fees) directly or indirectly incurred or suffered by AOF Beta or any Third Party arising out of or in connection with any non-payment or default of any kind by GPC Australia under or pursuant to
this deed or any other Sale Transaction Document. 

  
 27 

	13.2	Obligations not affected by certain matters 

 The obligations of GPC’s Guarantor under this deed are not affected by any matter or thing which but for this provision might operate to affect or prejudice those obligations, including: 

 

	 	(a)	any time or indulgence granted to, or composition with, GPC Australia or any other person; 

 

	 	(b)	the taking, variation, renewal or release of, or neglect to perfect or enforce this deed, any other Sale Transaction Document or any right, guarantee, remedy or
security from or against GPC Australia or any other person; 

  

	 	(c)	any variation or change to the terms of, or any waiver, consent or notice given under, this deed or any other Sale Transaction Document; or 

 

	 	(d)	any unenforceability or invalidity of any obligation of GPC Australia, so that this deed must be construed as if there were no such unenforceability or invalidity.

  

	13.3	Waiver of rights 

GPC’s Guarantor irrevocably waives and must not exercise any right of indemnity or subrogation which it otherwise might be entitled
to claim and enforce against or in respect of AOF Beta. 
  

	13.4	GPC Australia’s actions to bind GPC’s Guarantor 

 Any agreement, waiver, consent or release given by GPC Australia binds GPC’s Guarantor. 
  

	14.	ANNOUNCEMENTS AND CONFIDENTIALITY 

  

	14.1	No announcement or other disclosure of transaction 

 Subject to clause 14.2, each party must keep confidential the existence of and the terms of this deed and all negotiations between the parties in relation to the subject matter of this deed. 

 

	14.2	Permitted announcements and disclosures 

 Nothing in clause 14.1 prevents any information being disclosed: 
  

	 	(a)	by GPC Australia on a strictly confidential basis to another member of the GPC Group; 

 

	 	(b)	by AOF Beta on a strictly confidential basis to its shareholders from time to time; 

 

	 	(c)	by AOF Beta to Unitas Capital Pte. Ltd. or any investor or prospective investor in, or any manager, trustee, custodian, partner (general, limited or otherwise) of, any
fund, partnership or trust managed or advised by Unitas Capital Pte. Ltd. or any Related Body Corporate of Unitas Capital Pte. Ltd; 

  

	 	(d)	by any party to the extent required to enable that party to enforce (on its own behalf or on behalf of any other person) or perform its obligations under the provisions
of this deed or any other document related to it or for the purpose of defending any judicial proceedings brought against that party; 

  
 28 

	 	(e)	if disclosure is required to be made by law or the rules of a recognised stock or securities exchange and the party whose obligation it is to keep the relevant
information confidential or procure that the information is kept confidential has before the disclosure is made notified each other party of the requirement to disclose and, where the relevant law or rules permit and where practicable to do so,
given each other party a reasonable opportunity to comment on the requirement for and proposed contents of the proposed disclosure; 

  

	 	(f)	to any Representative of a party who has been retained to advise in relation to the transactions contemplated by the Sale Transaction Documents or to the auditor of a
party; 

  

	 	(g)	to any financier who has made a bona fide proposal to provide finance to a party in relation to the transactions contemplated by any Sale Transaction Document;

  

	 	(h)	with the prior written approval of each party other than the party (or parties) who proposes to disclose the information and whose obligation it is to keep the relevant
information confidential or to procure that the information is kept confidential; or 

  

	 	(i)	to the extent that the information is in or comes into the public domain otherwise than as a result of a breach of any undertaking or duty of confidentiality.

  

	15.	GST 

  

	15.1	Interpretation 

 Words and
expressions that are defined in the GST Law have the same meaning when used in this clause 15. For the purposes of this clause 15, references to GST payable and input tax credit entitlements of any entity include GST payable by, and the input tax
credit entitlements of, the representative member of the GST group of which the entity is a member. 
  

	15.2	Consideration exclusive of GST 

 Except as otherwise expressly provided in this deed, all amounts payable or consideration to be provided under or in connection with this deed are exclusive of GST (GST Exclusive Consideration).

  

	15.3	Payment of GST 

 If GST is
payable on any supply made under or in connection with this deed the recipient must pay to the party that has made or will make the supply (the Supplier), in addition to the GST Exclusive Consideration, an additional amount equal to the GST
payable on that supply (the Additional Amount). The recipient must pay the Additional Amount without set-off, demand or deduction, at the same time and in the same manner as any GST Exclusive Consideration for that supply is required to be
paid, except that the recipient is not required to pay the Additional Amount unless and until the Supplier has issued a tax invoice under clause 15.4. 
  

	15.4	Tax invoice 

 For any
supply to which clause 15.3 applies, the Supplier must issue a tax invoice which complies with the GST Law. 

  
 29 

	15.5	Adjustments 

 If any
adjustment event occurs in respect of a supply to which clause 15.3 applies: 
  

	 	(a)	the Additional Amount paid or payable by the recipient must be recalculated, taking into account any previous adjustments under this clause 15.5, to reflect the
occurrence of that adjustment event and the Supplier or the recipient, as the case requires, must pay to the other the amount required to reflect the recalculation of the Additional Amount; and 

 

	 	(b)	the Supplier must provide an adjustment note to the recipient as soon as practicable after the Supplier becomes aware of the occurrence of that adjustment event.

  

	15.6	Input tax credits 

Notwithstanding any other provision of this deed, if an amount payable under or in connection with this deed is calculated by reference to
any Loss incurred or suffered by a party, then the amount payable must be reduced by the amount of any input tax credit to which that entity is entitled in respect of the acquisition of any supply to which the Loss relates. 

 

	16.	NOTICES 

  

	16.1	Manner of giving notice 

Any notice or other communication to be given under this deed must be in writing (which includes fax and email) and may be delivered or
sent by post, fax or email to the party to be served as follows: 
  

	 	(a)	to AOF Beta at: 

  

	 	Address:	Teleport Boulevard 110, Unit A.5.22, 1043 EJ Amsterdam, the Netherlands 

	 	Fax number:	(+31) 20 572 2653 

	 	Email:	jhamers@aofbv.nl 

	 	For the attention of:	Joep Hamers 

 with a copy to:

  

	 	Address:	St. George’s Building, 14th Floor, 2 Ice House Street, Central, Hong Kong 

	 	Fax number:	+852 2868 5551 

	 	Email:	simon.bell@unitascapital.com; and 

 wilson.chung@unitascapital.com 

	 	For the attention of:	Simon Bell and Wilson Chung 

  

	 	(b)	to GPC Australia at: 

  

	 	Address:	Suite 12 Level 12, 37 Bligh Street, Sydney, NSW, 2000 

	 	Fax number:	+1 770 956 2211 

	 	Email:	Treg_Brown@genpt.com 

	 	For the attention of:	Treg Brown 

 with a copy to
Genuine Parts Company at: 
  

	 	Address:	2999 Circle 75 Parkway, Atlanta, Georgia 30339, United States of America 

	 	Fax number:	+1 770 956 2211 

	 	Email:	Treg_Brown@genpt.com 

	 	For the attention of:	Treg Brown 

  
 30 

 with a copy to Clayton Utz at: 

 

	 	Address:	Level 15, 1 Bligh Street, Sydney NSW Australia 2000 

	 	Fax number:	+61 2 82206700 

	 	Email:	struskett@claytonutz.com 

	 	For the attention of:	Simon Truskett 

  

	 	(c)	to GPC’s Guarantor at: 

  

	 	Address:	2999 Circle 75 Parkway, Atlanta, Georgia 30339, United States of America 

	 	Fax number:	+1 770 956 2211 

	 	Email:	Treg_Brown@genpt.com 

	 	For the attention of:	Treg Brown 

 or at any such other
address, fax number or email address notified for this purpose to the other parties under this clause 16. Any notice or other communication sent by post must be sent by prepaid ordinary post (if the country of destination is the same as the country
of origin) or by airmail (if the country of destination is not the same as the country of origin). 
  

	16.2	When notice given 

 Any
notice or other communication is deemed to have been given: 
  

	 	(a)	if delivered, on the date of delivery; 

  

	 	(b)	if sent by post, on the third Business Day after it was put into the post (for post within the same country) or on the fifth Business Day after it was put into the post
(for post sent from one country to another); 

  

	 	(c)	if sent by fax, at the time shown in the transmission report as being the time at which the whole fax was sent; or 

 

	 	(d)	if sent by e-mail, upon the generation of a receipt notice by the recipient’s server or, if such notice is not so generated, upon delivery to the recipient’s
server, 

 but if the notice or other communication would otherwise be taken to be received after 5.00 pm or on a
Saturday, Sunday or public holiday in the place of receipt then the notice or communication is taken to be received at 9.00 am on the next day that is not a Saturday, Sunday or public holiday in the place of receipt. 

 

	16.3	Proof of service 

 In
proving service of a notice or other communication, it is sufficient to prove that delivery was made or that the envelope containing the communication was properly addressed and posted either by prepaid post or by prepaid airmail, that the fax was
properly addressed and transmitted or that the e-mail was properly addressed and transmitted by the sender’s server into the network and there was no apparent error in the operation of the sender’s e-mail system, as the case may be.

  
 31 

	16.4	Documents relating to legal proceedings 

 This clause 16 does not apply in relation to the service of any claim form, notice, order, judgment or other document relating to or in connection with any proceedings, suit or action arising out of or in
connection with this deed. 
  

	17.	PAYMENTS 

  

	17.1	Direction 

 Any reference
in this deed to a payment to any party includes payment to another person at the direction of that party, and the payer is taken to have satisfied its obligation to the payee by paying in accordance with that direction. 

 

	17.2	Method of payment 

Payment of any amount due under this deed by any party must be made by the paying party to the recipient party by: 

 

	 	(a)	electronic funds transfer to an account with a bank specified by the recipient party to the paying party at least 3 Business Days before the due date for payment and
confirmed by the paying party to the recipient party by notice; or 

  

	 	(b)	otherwise, unendorsed bank cheque drawn on a bank or other immediately available funds. 

 

	17.3	No deduction 

  

	 	(a)	Any payment to be made under this deed must be made free and clear of any set-off, deduction or withholding, except where that set-off, deduction or withholding is
required or compelled by law or any Sale Transaction Document. 

  

	 	(b)	If: 

  

	 	(i)	an applicable law requires a party to this deed (Payer) to deduct an amount (Deduction) from a payment under this deed (Payment) to another party
under this deed (Recipient); or 

  

	 	(ii)	an Authority notifies a Payer that a Deduction is required from a Payment not otherwise required by a law, 

such that the Recipient would not actually receive on the due date the full amount of the Payment (a Deduction Obligation), then
the Payer may, subject to complying with all applicable obligations under clause 17.4, and is hereby authorised and directed by the Recipient to: 
  

	 	(iii)	deduct from the Payment the Deduction; and 

  

	 	(iv)	in the event such Deduction is made, the Payer must pay the Deduction in accordance with the applicable law referred to in clause 17.3(b)(i) or relevant notice referred
to in clause 17.3(b)(ii). 

  
 32 

	 	(c)	If the Payer deducts a Deduction from a Payment in accordance with clause 17.3(b), then: 

 

	 	(i)	the Payer is not obligated to pay any additional amount to the Recipient so as to result in the Recipient receiving a total amount in respect of the Payment equal to
the amount it would have received but for the Deduction; 

  

	 	(ii)	the payment of the Deduction in accordance with clause 17.3(b) and the balance (if any) of the Payment in accordance with this deed, together constitutes a full and
proper discharge of any and all obligations of the Payer to pay the Payment to the Recipient. 

  

	17.4	Notice of Deduction Obligation and further obligations 

  

	 	(a)	Immediately upon becoming aware of a Deduction Obligation, a Payer must give the Recipient notice in writing of the Deduction Obligation, with such notice to include
the following details to the extent known by the Payer: 

  

	 	(i)	the facts, matters or circumstances that give rise to the Deduction Obligation; and 

 

	 	(ii)	an estimate of the amount of the Deduction to which the Deduction Obligation relates. 

 

	 	(b)	Where a Payer is subject to a Deduction Obligation, the Payer: 

  

	 	(i)	agrees that it will not take any action to restrict, dispute or otherwise obstruct any action, application or other proceedings taken, made or commenced by the
Recipient in connection with, or relating to, the Deduction Obligation; 

  

	 	(ii)	must (at the Recipient’s expense) co-operate with the Recipient in order to assist the Recipient to contest the Deduction Obligation and/or to enable the Recipient
to bring, dispute, defend, appeal, compromise or settle any proceedings to which the Recipient is or becomes party in connection with the Deduction Obligation, provided that the Payer will under no circumstances be required to dispute or otherwise
oppose or participate in any action, application or other proceedings involving the Recipient or any Authority in connection with, or relating to, the Deduction Obligation; and 

 

	 	(iii)	must not make any statement whether publically, to any Authority or otherwise which could reasonably be expected to prejudice the Recipient’s ability to do any of
the things mentioned in clause 17.4(b)(i). 

  

	18.	GENERAL 

  

	18.1	Entire agreement 

 This
deed and the other Sale Transaction Documents contain the entire agreement between the parties relating to the transactions contemplated by those documents and supersede all previous agreements, whether oral or in writing, between the parties
relating to these transactions. 
  

	18.2	Assignment 

  

	 	(a)	The Company may assign its rights under this deed pursuant to any security given or to be given in connection with finance provided to any Group Company.

  
 33 

	 	(b)	Except as permitted by this clause 18.2, none of the rights or obligations of any party under this deed may be assigned or transferred by a party without the prior
written consent of GPC Australia and AOF Beta. 

  

	18.3	Amendments 

 This deed may
only be amended in writing and where such amendment is signed by all the parties. 
  

	18.4	Consents 

 Except as
otherwise expressly provided in this deed a party may give or withhold its consent to any matter referred to in this deed in its absolute discretion. A party that gives its consent to any matter referred to in this deed is not taken to have made any
warranty or representation as to any matter or circumstance connected with the subject matter of that consent. 
  

	18.5	Costs 

 Except as
otherwise expressly provided in this deed, each party must pay the costs and expenses incurred by it in connection with entering into and performing its obligations under this deed. 

 

	18.6	Counterparts 

 This deed
may be executed in counterparts, which taken together constitute one and the same agreement, and any party (including any duly authorised Representative of a party) may enter into this deed by executing a counterpart. 

 

	18.7	Exercise and waiver of rights 

 The rights of each party under this deed: 
  

	 	(a)	may be exercised as often as necessary; 

  

	 	(b)	except as otherwise expressly provided by this deed, are cumulative and not exclusive of rights and remedies provided by law; and 

 

	 	(c)	may be waived only in writing and specifically, 

 and delay in the exercise or non-exercise of any such right is not a waiver of that right. 
  

	18.8	No merger 

 Each of the
obligations, warranties and undertakings set out in this deed (excluding any obligation which is fully performed at Completion) continues in force after Completion. 
  

	18.9	Severability 

 The
provisions contained in each clause of this deed are enforceable independently of each other clause of this deed and the validity and enforceability of any clause of this deed will not be affected by the invalidity or unenforceability of any other
clause. 
  

	18.10	Stamp Duties 

 As between
the parties, GPC Australia is liable for and must pay all Stamp Duties on or relating to this deed, any transfer of the AOF Shares executed under or in connection with it. 

  
 34 

	18.11	Further assurances 

 Each
party must do all things and execute all further documents necessary to give full effect to this deed and must, where applicable, use all reasonable endeavours to cause relevant third parties to do the same. 

 

	18.12	Benefits held on trust 

AOF Beta holds the benefit of each indemnity, promise, obligation and guarantee in this deed which is expressed to be for the benefit of,
or which is intended to enure for the benefit of, any third party (including any Third Party) on trust for that third party and may enforce each such promise on behalf of that third party. 

 

	19.	WAIVER OF RIGHTS 

 AOF
Beta and GPC Australia each waive any pre-emptive rights they have or may have under the Existing Shareholders’ Deed, the New Shareholders’ Deed, the Constitution, the Call Option Deed or any other applicable document in connection with
the transactions contemplated by this deed and release each other from any and all Claims they may have under those documents in connection with any matter to the extent they arise solely out of or in connection with the execution of this deed and
the occurrence of Completion. 
  

	20.	AOF SELLERS’ RIGHTS AND LIABILITIES IF MORE THAN ONE AOF SELLER 

 

	20.1	AOF Sellers’ rights and liabilities several 

 Notwithstanding any other provision of this deed, if, in addition to AOF Beta B.V. there is one or more other sellers as a result of the operation of clause 1.8 of the Call Option Deed: 

 

	 	(a)	a reference to AOF Beta in this deed will be taken to include a reference to each AOF Entity who is a seller (together, the AOF Sellers and where applicable,
each an AOF Seller); 

  

	 	(b)	all rights and liabilities of the AOF Sellers under and in connection with this deed are several and not joint or joint and several; 

 

	 	(c)	without limiting clause 20.1(a), where this deed requires a payment to be made: 

 

	 	(i)	to the AOF Sellers, the person making the payment must pay each AOF Seller its Relevant Proportion of the payment; or 

 

	 	(ii)	by the AOF Sellers, each AOF Seller must pay (and is not liable for any amount exceeding) its Relevant Proportion of the payment; 

 

	 	(d)	if an AOF Seller (Defaulting Seller) fails to perform any obligation imposed upon it under any Sale Transaction Document, no other AOF Seller shall be liable for
the Defaulting Seller’s failure to perform that obligation and GPC Australia’s (or any other party’s) sole remedy in respect of the Defaulting Seller’s failure to perform that obligation will be against the Defaulting Seller
only; and 

  

	 	(e)	an AOF Seller alone is responsible for any breach of any Warranty which relates to that AOF Seller. No AOF Seller is responsible for any breach of any Warranty by any
other AOF Seller. 

  
 35 

 For the purposes of this clause 20, “Relevant Proportion” in relation to an AOF
Seller, means a fraction (expressed as a percentage) the numerator of which is the total number of AOF Shares held by that AOF Seller and the denominator of which is the total number of AOF Shares held by all AOF Sellers (including the AOF Shares
held by that AOF Seller). 
  

	20.2	Trustees 

  

	 	(a)	Each of the AOF Sellers which is a trustee enters into this deed only in its capacity as trustee of the relevant trust and in no other capacity.

  

	 	(b)	A liability arising under or in connection with this deed or any other Sale Transaction Document (whether that liability arises under a specific provision of this deed,
or for breach of contract or otherwise) can be enforced against an AOF Seller which is a trustee only to the extent to which it can be satisfied out of the property of the relevant trust out of which that AOF Seller is actually indemnified for the
liability. 

  

	 	(c)	The limitation of the liability of each AOF Seller which is a trustee under this clause 20.2: 

 

	 	(i)	applies despite any other provision of this deed; and 

  

	 	(ii)	extends to all liabilities and obligations of the relevant trustee in relation to any representation, warranty, conduct, omission, agreement or transaction related to
this deed. 

  

	 	(d)	GPC Australia may not: 

  

	 	(i)	sue an AOF Seller which is a trustee personally; 

  

	 	(ii)	seek the appointment of a liquidator, administrator, receiver or similar person to an AOF Seller which is a trustee; or 

 

	 	(iii)	prove in any liquidation, administration or arrangement of or affecting an AOF Seller which is a trustee. 

The provisions of this clause 20.2 will not apply to any obligation or liability of an AOF Seller which is a trustee to the extent that it
is not satisfied because there is a reduction in the extent, or an extinguishment, of that trustee’s indemnification out of the assets of the relevant trust, as a result of that trustee’s fraud, gross negligence or breach of trust.

  

	21.	GOVERNING LAW AND JURISDICTION 

  

	21.1	Governing law 

 This deed
and any non-contractual obligations arising out of or in connection with it are governed by the law applying in Victoria, Australia. 
  

	21.2	Jurisdiction 

 The courts
having jurisdiction in Victoria, Australia have non-exclusive jurisdiction to settle any dispute arising out of or in connection with this deed (including a dispute relating to any non-contractual obligations arising out of or in connection with
this deed) and each party irrevocably submits to the non-exclusive jurisdiction of the courts having jurisdiction in Victoria, Australia. 

  
 36 

	21.3	Service of process 

  

	 	(a)	AOF Beta irrevocably appoints Allen & Overy of Level 25, 85 Castlereagh Street, Sydney NSW 2000 Australia as its agent in Australia for service of process.

  

	 	(b)	Each of GPC Australia and GPC’s Guarantor irrevocably appoints Clayton Utz of Level 15, 1 Bligh Street, Sydney NSW 2000 Australia as its agent in Australia for
service of process. 

  

	 	(c)	Each party other than AOF Beta must provide GPC’s Guarantor, at the same time it serves documents on Clayton Utz under clause 21.3(b) with a copy of any documents
served on Clayton Utz. 

 THIS DEED has been executed by the parties (or their duly authorised representatives) on the date
stated at the beginning of this deed. 

  
 37 

 SCHEDULE 1 
 WARRANTIES 
 Copy will be 

furnished to 

Commission upon 

request. 

  
 38 

 SCHEDULE 2 
 PURCHASE PRICE ADJUSTMENT DISPUTES 
 Copy will be 

furnished to 

Commission upon 

request. 

  
 39 

 SCHEDULE 3 
 WORKED EXAMPLES 
 Copy will be 

furnished to 

Commission upon 

request. 

  
 40 

 SCHEDULE 4 
 KEY EMPLOYEES 
 Copy will be 

furnished to 

Commission upon 

request. 

  
 41 

 EXECUTION PAGE 

 

					
	EXECUTED AS A DEED by AOF Beta B.V.:	  	)	 	
		  	)	 	
		  	)	 	
			
	J. T. Schroder	  		 	 Joep Hamers

	Name of managing director	  	 	Name of managing director
			
	/s/ J. T. Schroder	  		 	 /s/ Joep Hamers

	Signature of managing director	  	 	Signature of managing director

  

					
	 EXECUTED AS A DEED by EXEGO GROUP
 PTY LTD (ACN 123 768 936) by its attorney:
	  	 )
 )

)
	 	
			
	/s/ Jamie Michael Palmer	  		 	 /s/ Grant Andrew Koch

	Signature of witness	  	 	Signature of attorney
			
	Jamie Michael Palmer	  		 	 Grant Andrew Koch

	Name of witness	  	 	Name of attorney

  

					
	 EXECUTED AS A DEED by GENUINE
 PARTS AUSTRALIA PTY LTD in accordance
 with section 127 of the
Corporations Act 2001 (Cth):
	  	 )
 )
 )
	 	
			
	Carol B. Yancey	  		 	 Frank M. Howard

	Name of director	  	 	Name of company secretary/director
			
	/s/ Carol B. Yancey	  		 	 /s/ Frank M. Howard

	Signature of director	  	 	Signature of company secretary/director

  
 42 

					
	 EXECUTED AS A DEED by GENUINE
 PARTS COMPANY by its duly authorised
 representatives:
	  	 )
 )
 )
	  	
			
	Carol B. Yancey	  		  	 Frank M. Howard

	Name of director	  	  	Name of company secretary/director
			
	/s/ Carol B. Yancey	  		  	 /s/ Frank M. Howard

	Signature of director	  	  	Signature of company secretary/director

  
 43 

 ANNEX 1 
 DISCHARGE LOAN AGREEMENT 
 Copy will be 

furnished to 

Commission upon 

request. 

  
 44 

 ANNEX 2 
 THIRD PARTY SALE DEED 

  
 45 

 THIRD PARTY SALE DEED 

(EXECUTION) 

[Insert holder of Ordinary Shares/B Ordinary Shares/Performance Shares] 

AOF BETA B.V. 
 EXEGO GROUP PTY LTD 
 GENUINE PARTS AUSTRALIA PTY LIMITED 

GENUINE PARTS COMPANY 
  

 

 CONTENTS 

 

					
	Clause	  	Page	 
	 1.       Interpretation
	  	 	1	  
	 1.1    Definitions
	  	 	1	  
	 1.2    Insolvency
	  	 	6	  
	 1.3    References to certain other words and terms
	  	 	6	  
	 2.       Sale of Third Party Shares
	  	 	6	  
	 2.1    Third Party Documents
	  	 	6	  
	 2.2    Dealing with Third Party Shares
	  	 	6	  
	 2.3    Sale and purchase
	  	 	6	  
	 2.4    Performance of Completion obligations
	  	 	7	  
	 2.5    Application of Third Party Trust Account amounts
	  	 	7	  
	 2.6    Payment directions and acknowledgement of discharge
	  	 	8	  
	 2.7    Title and risk
	  	 	9	  
	 2.8    Termination
	  	 	9	  
	 2.9    Third Party may elect the form of Performance Share Consideration
	  	 	9	  
	 2.10  GPC Shares Election Notice
	  	 	10	  
	 2.11  No regulated disclosure and AOF Beta discretion
	  	 	10	  
	 2.12  Resale restriction of GPC Shares
	  	 	11	  
	 3.       Warranties and acknowledgments
	  	 	11	  
	 4.       Limitations
	  	 	13	  
	 4.1    Cap on Claims
	  	 	13	  
	 4.2    Time limit
	  	 	13	  
	 4.3    Notice
	  	 	13	  
	 4.4    No liability for consequential loss
	  	 	13	  
	 4.5    Mitigation
	  	 	13	  
	 4.6    Right to remedy
	  	 	13	  
	 4.7    Subsequent recovery
	  	 	14	  
	 4.8    Insurance
	  	 	14	  
	 4.9    Independent limitations
	  	 	14	  
	 5.       Guarantee
	  	 	15	  
	 5.1    Guarantee by GPC’s Guarantor
	  	 	15	  
	 5.2    Obligations not affected by certain matters
	  	 	15	  
	 5.3    Waiver of rights
	  	 	15	  
	 5.4    GPC Australia’s actions to bind GPC’s Guarantor
	  	 	15	  
	 6.       General
	  	 	16	  
	 6.1    Further assurances
	  	 	16	  
	 6.2    [Trustees]
	  	 	16	  
	 6.3    Costs
	  	 	16	  
	 6.4    Stamp Duties
	  	 	16	  
	 6.5    Counterparts
	  	 	17	  
	 7.       Governing Law and Jurisdiction
	  	 	17	  
	 7.1    Governing law
	  	 	17	  
	 7.2    Jurisdiction
	  	 	17	  
		
	 Schedule
	  			
		
	 1.       Third Party Shares
	  	 	20	  
	 2.       Warranties
	  	 	21	  
	 3.       GPC Shares election notice – Performance Shares
	  	 	22	  

 THIS DEED is made on • 
 BETWEEN: 
  

	(1)	[Insert holder of Ordinary Shares/B Ordinary Shares/Performance Shares] of • (the Third Party); 

 

	(2)	AOF BETA B.V. of Teleport Boulevard 110, Unit A.5.22 1043 Amsterdam, The Netherlands (AOF Beta); 

 

	(3)	EXEGO GROUP PTY LIMITED (ACN 123 768 936) of 362 Wellington Road, Mulgrave VIC 3170 (the Company); 

 

	(4)	GENUINE PARTS AUSTRALIA PTY LIMITED (ACN 153 300 095) of Suite 12, Level 12, 37 Bligh Street, Sydney NSW 2000 (GPC Australia); and

  

	(5)	GENUINE PARTS COMPANY of 2999 Circle 75 Parkway, Atlanta, Georgia 30339 United States of America (GPC’s Guarantor). 

BACKGROUND: 
  

	(A)	The Third Party owns the Third Party Shares. 

  

	(B)	The Third Party wishes to sell, and GPC Australia wishes to buy, all of the Third Party Shares on and subject to the terms of this deed. 

THIS DEED WITNESSES as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
deed: 
 Adjustment Amount has the meaning given in clause 2.5(b); 

Applicable Exchange Rate means, in respect of a particular day, the spot rate of exchange for the purchase of US dollars with
Australian dollars as published by Bloomberg.com or any successor service at 11:00am on that day; 
 Applicable GPC Share
Price means, as at a particular day, the VWAP for GPC Shares for the 30 trading days immediately prior to (but excluding) the Business Day prior to that particular day; 
 Australian dollars means the lawful currency of the Commonwealth of Australia; 
 B Ordinary Share means a B ordinary share in the capital of the Company; 

Business Day means a day (other than a Saturday, Sunday or public holiday) on which banks are generally open in Melbourne and
Atlanta for normal business; 
 CCMP Call Option has the meaning given in the Original Performance Share Plan; 

Call Option Deed means the call option deed dated 22 September 2011 between AOF Beta, the Company, GPC Australia, UAP and
GPC’s Guarantor as amended from time to time; 

  
 1 

 Claim means: 

 

	 	(a)	a claim for breach of a Warranty; 

  

	 	(b)	any other claim against the Third Party for any breach of this deed or otherwise (whether based in contract or tort or under statute or common law) in respect of the
subject matter of this deed; and 

  

	 	(c)	any claim, demand or cause of action (whether based in contract or tort or under statute or common law) in relation to the sale of the Third Party Shares;

 Completion means completion of the sale of all Shares held by AOF Beta to GPC Australia pursuant to the
GPC SPA; 
 Completion Date means the date on which Completion occurs; 

Election Notice means an election notice in the form of Schedule 3 which is delivered to GPC’s Guarantor, AOF Beta and the
Company in accordance with clause 2.10 of this deed; 
 Encumbrance means any mortgage, fixed or floating charge, pledge,
lien, option, right to acquire, right of pre-emption, assignment by way of security, trust arrangement for the purpose of providing security, retention arrangement or other security interest of any kind, and any agreement to create any of the
foregoing, and Encumber has a corresponding meaning; 
 Exego OpCo means Exego Pty Ltd ACN 097 993 283; 

GPC Call Option Face Value has the meaning given to that term in the Call Option Deed; 

GPC Share Value Amount means: 
  

	 	(a)	in respect of a Third Party that elects to receive GPC Shares as part of the Third Party Sale Price in accordance with clause 2.10, the amount calculated by multiplying
the number of GPC Shares allocated to the Third Party under clause 2.10(c) by the Applicable GPC Share Price as at the Completion Date; or 

  

	 	(b)	in respect of any other Third Party, $0; 

 GPC Shares means common shares of GPC’s Guarantor which are subject to the restriction set out in clause 2.12(a) but which are otherwise unrestricted; 

GPC SPA means the share sale deed dated on or about 11 March 2013 between AOF Beta, GPC Australia, GPC’s Guarantor and
the Company; 
 Group means the Company and each of its subsidiaries and Group Company means any one of them;

 Holdback Cash has the meaning given in the Supplementary Share Plan; 

Holdback Collateral has the meaning given in the Supplementary Share Plan; 

Holdback Scrip has the meaning given in the Supplementary Share Plan; 

Loan means any loan(s) made by AOF Beta, the Company and/or Exego OpCo to the Third Party under a Performance Share Plan, including
any “Loan” as defined in the Original Performance Share Plan and any “Loan” as defined in the Supplementary Share Plan; 

  
 2 

 Loss means any loss, damage, cost, expense, charge, penalty or liability, but
excludes loss of profits, business, goodwill, opportunity or chance, any indirect, special or consequential loss, and any punitive or aggravated damages; 
 New Shareholders’ Deed means the shareholders’ deed in relation to the Company between (among others) the Company, AOF Beta and UAP substantially in the form set out in Annex 4 of
the Subscription Deed; 
 Non-GPC Option Shares has the meaning given to that term in the Call Option Deed; 

NYSE means the New York Stock Exchange; 
 Ordinary Share means an ordinary share in the capital of the Company; 

Original Performance Share Plan means the “Repco Group Holdings Pty Ltd – Loan Funded Management Performance Equity
Plan” dated on or about 12 December 2007 (as amended on or about 19 September 2011 and otherwise from time to time); 
 Performance Share Loan Amount means the amount set out in column 3 of the table in Part B of Schedule 1; [Note: The Performance Share Loan Amount in respect of a Third Party will be
calculated on the basis set out below, and the $ amount will be inserted into each Third Party Sale Deed prior to distribution to the relevant Third Parties for execution. The amount will be calculated as follows: 

 

	 	(a)	in the case where the Third Party owes amounts to AOF Beta, the Company and/or Exego OpCo in respect of a Loan, the aggregate amount outstanding under that Loan as
at Completion; or 

  

	 	(b)	in any other case, $0;] 

Performance Shares means management performance shares in the capital of the Company issued pursuant to the Performance Share Plan;

 Performance Share Consideration has the meaning given in clause 2.9; 

Performance Share Plan means: 
  

	 	(a)	the Original Performance Share Plan; and 

  

	 	(b)	any other performance equity plan relating to the Company in force as at the Completion Date as such plan is amended from time to time; 

Relevant Proportion means a percentage expressed as a fraction the numerator of which is the aggregate number of Third Party Shares
(excluding Unvested Performance Shares) and the denominator of which is the aggregate number of Non-GPC Option Shares (excluding all Unvested Performance Shares); 
 Retention means an amount equal to 5% of the Third Party Sale Price less the Performance Share Loan Amount; 

  
 3 

 Retention Refund means: 

 

	 	(a)	in the case where the Adjustment Amount is payable to GPC Australia under the GPC SPA, an amount equal to: 

 

	 	(i)	the Retention; less 

  

	 	(ii)	the aggregate of: 

  

	 	(A)	the sum of the Third Party’s Relevant Proportion of the Adjustment Amount; and 

 

	 	(B)	the Transaction Costs, 

 provided
that if the result of this calculation is less than $0 it shall be deemed to be $0; 
  

	 	(b)	in the case where the Adjustment Amount is payable to AOF Beta under the GPC SPA, an amount equal to: 

 

	 	(i)	the Retention; plus 

  

	 	(ii)	the Third Party’s Relevant Proportion of the Adjustment Amount; less 

  

	 	(iii)	the Transaction Costs, 

 provided
that if the result of this calculation is less than $0 it shall be deemed to be $0; 
 Sale Proceeds means the amount
equal to the Third Party Sale Price, less: 
  

	 	(a)	the Performance Share Loan Amount; and 

  

	 	(b)	the GPC Share Value Amount; 

Seller Loan means the loan deed dated on or around 2007 between the Company and AOF Beta pursuant to which the Company put AOF Beta
in funds to make the Loan and other similar loans for the purposes of a Performance Share Plan; 
 Share means a share of
any class (other than a redeemable preference share) in the capital of the Company; 
 Share Transfer Form means a share
transfer form in favour of GPC Australia duly executed by the Third Party as transferor; 
 Stamp Duties means all stamp,
transaction or registration duties or similar charges imposed by any taxation authority and includes all penalties, fines, interest or additional charges payable in relation to such duties or charges; 

Subscription Deed means the subscription deed dated 22 September 2011 between the Company and UAP, pursuant to which UAP
agrees to subscribe for Shares; 
 Supplementary Share Plan means the “Exego Group Pty Ltd—Supplementary Loan
Funded Management Performance Equity Plan” approved by the board of the Company on or about 30 January 2013 as amended from time to time; 
 Third Party Documents means: 
  

	 	(a)	if the Third Party is the registered holder of any Ordinary Shares, a Share Transfer Form in respect of all of the Ordinary Shares registered in the name of the Third
Party together with the share certificates issued by the Company in respect of those Ordinary Shares (or a confirmation of lost certificate in the case of any share certificates found to be missing); 

  
 4 

	 	(b)	if the Third Party is the registered holder of any B Ordinary Shares, a Share Transfer Form in respect of all of the B Ordinary Shares registered in the name of the
Third Party together with the share certificates issued by the Company in respect of those B Ordinary Shares (or a confirmation of lost certificate in the case of any share certificates found to be missing); 

 

	 	(c)	if the Third Party is the registered holder of any Performance Shares, a Share Transfer Form in respect of all of the Performance Shares registered in the name of the
Third Party together with the share certificates issued by the Company in respect of those Performance Shares (or a confirmation of lost certificate in the case of any share certificates found to be missing); and 

 

	 	(d)	any other document which the parties agree is a “Third Party Document” for the purposes of this deed; 

Third Party’s Personal Account means an account notified by the Third Party to the Trustee and AOF Beta in writing prior to
Completion as the account into which all payments required to be made to the Third Party under this deed are to be paid or, failing the giving of such notice by the Third Party, an account opened by the Trustee as trustee for the Third Party for the
sole purpose of receiving all such payments; 
 Third Party Sale Price means an amount equal to T in the following
formula; 
  
 

 
  

	 	Where:	G is equal to the GPC Call Option Face Value; 

   R is equal to the Third Party’s Relevant Proportion; and 

  I is equal to the Unvested Performance Share Loan Amount; 

Third Party Shares means all of the Shares held by the Third Party, as set out in Part A of Schedule 1; 

Third Party Trust Account means the account established in the name of AOF Beta and the Company for the purposes of, among other
things, receiving the Third Party Proceeds; 
 Transaction Costs means an amount equal to the Third Party’s Relevant
Proportion of any costs or expenses incurred by AOF Beta in connection with the sale of Shares (including the Third Party Shares) to GPC Australia and all other transactions contemplated by this document, all equivalent documents with other
shareholders in the Company and the GPC SPA; 
 Trustee means the entity who controls the Third Party Trust Account;

 UAP means UAP Inc of 7025 Ontario Street, East Montreal, Québec H1N 2B3 Canada; 

Unvested Performance Share means a Performance Share which is subject to a CCMP Call Option; 

Unvested Performance Share Loan Amount means the amount set out in column 2 of the table in Part B of Schedule 1 less any amount
paid to holders of Unvested Performance Shares by way of dividend or other distribution in respect of those Unvested Performance Shares between the date of this deed and Completion, being that amount of the Loan which was used to subscribe for the
Unvested Performance Shares comprised in the Third Party Shares that remains owing to AOF Beta as at Completion; 

  
 5 

 US$ and US dollars means the lawful currency of the United States of America;

 Vested Performance Share means a Performance Share which is no longer subject to a CCMP Call Option; 

VWAP means in respect of GPC Shares for a period of time, the volume weighted average sales price for GPC Shares traded on NYSE for
that period, taken to 4 decimal places, excluding the effect of any after-hours trading or any other trading outside of the regular trading sessions; and 
 Warranties means each of the statements set out in Schedule 2. 
  

	1.2	Insolvency 

 The
definition of insolvency set out in clause 1.2 of the New Shareholders’ Deed applies to this deed as if set out in full in this deed. 
  

	1.3	References to certain other words and terms 

  

	 	(a)	The principles of interpretation set out in clauses 1.4, 1.5, 1.6 (other than clause 1.6(f)), 1.7, 1.8 (subject to clause 1.3(c)) and 1.9 of the New Shareholders’
Deed apply to this deed as if set out in full in this document. 

  

	 	(b)	In this deed, unless otherwise indicated, a reference to any time is a reference to that time in Atlanta, Georgia, United States of America. 

 

	 	(c)	Where Completion of the GPC SPA is to occur on 1 April 2013 in Atlanta, any act, matter or thing required to be done at Completion must be done on 1 April
2013 regardless of whether that day is a Business Day. 

  

	2.	SALE OF THIRD PARTY SHARES 

  

	2.1	Third Party Documents 

Immediately upon execution of this deed, the Third Party must deliver the Third Party Documents to AOF Beta to be held by AOF Beta on and
subject to the terms of this deed. 
  

	2.2	Dealing with Third Party Shares 

 On and from the date of this deed the Third Party must not sell, transfer, dispose of, Encumber or otherwise deal with either the legal or beneficial title to the Third Party Shares, and must not agree to
do any of those things, except (in each case) to the extent contemplated by or permitted by this deed. 
  

	2.3	Sale and purchase 

 On the
Completion Date: 
  

	 	(a)	the Company may convert any Third Party Shares which are Vested Performance Shares into Ordinary Shares; 

 

	 	(b)	the Third Party must sell and GPC Australia must buy the Third Party Shares free from all Encumbrances and together with all rights attaching or accruing to them as at
that date; 

  

	 	(c)	subject to clause 2.11(b), GPC Australia must pay the Third Party Sale Price to, or as directed by, the Third Party as follows: 

  
 6 

	 	(i)	in the case where the Third Party owes amounts to AOF Beta or Exego OpCo pursuant to a Loan, by paying the Performance Share Loan Amount at the direction of the Third
Party (which is hereby given) to: 

  

	 	(A)	in respect of any amount owed to AOF Beta, AOF Beta in accordance with clause 2.6(a); or 

 

	 	(B)	in respect of any amount owed to Exego OpCo, Exego OpCo; and 

  

	 	(ii)	in the case where any portion of the Third Party Sale Price is Holdback Collateral, such portion must be dealt with as Holdback Collateral in accordance with the
Supplementary Share Plan; and 

  

	 	(iii)	by paying the Sale Proceeds at the Third Party’s direction (which is hereby given) to the Third Party Trust Account; and 

 

	 	(iv)	if the Third Party elects to receive some or, subject to clause 2.10(d), all of the Third Party Sale Price payable for its Performance Shares (if any) in the form of
GPC Shares in accordance with clause 2.10, then GPC’s Guarantor must issue to the Third Party that number of GPC Shares as GPC’s Guarantor is required to issue in accordance with clauses 2.9 and 2.10; and 

 

	 	(d)	AOF Beta must deliver the Third Party Documents to GPC Australia. 

  

	2.4	Performance of Completion obligations 

  

	 	(a)	The obligations of the parties under clause 2.3 are interdependent and no party is obliged to complete the sale and purchase of the Third Party Shares unless all of the
obligations of the other parties which are to be performed under that clause are performed as nearly as possible simultaneously, on the same date and in accordance with the terms of this deed. 

 

	 	(b)	Subject to clause 2.4(c), the obligations of GPC Australia to buy the Third Party Shares from the Third Party are interdependent with both the purchase of all other
Third Party Shares (as defined in the Call Option Deed) from each other Third Party (as defined in the Call Option Deed) (collectively the Other Transactions) and GPC Australia is not obliged to purchase the Third Party Shares from the Third
Party unless the Other Transactions occur as nearly as possible simultaneously. 

  

	 	(c)	GPC Australia and AOF Beta may jointly (but with each acting in its sole discretion) waive the interdependence of the purchase of the Third Party Shares from the Third
Party with the purchase of any other Third Party Shares (as defined in the Call Option Deed) from any other Third Party (as defined in the Call Option Deed). 

 

	2.5	Application of Third Party Trust Account amounts 

  

	 	(a)	Within 2 Business Days of the date the Sale Proceeds are paid into the Third Party Trust Account pursuant to clause
 2.3(c)(iii), AOF Beta and the Company must
procure the Trustee to pay to the Third Party’s Personal Account, an amount equal to the greater of: 

  

	 	(i)	$0; and 

  

	 	(ii)	the Sale Proceeds less the Retention. 

  
 7 

	 	(b)	Within 2 Business Days of the date on which any amount in respect of the purchase price adjustment under the GPC SPA (Adjustment Amount) is paid by the person
obliged to pay it and received by the person entitled to receive it, AOF Beta and the Company must procure the Trustee to pay to the Third Party’s Personal Account an amount equal to the Retention Refund. 

 

	 	(c)	The Third Party acknowledges and agrees that: 

  

	 	(i)	where the Adjustment Amount is payable to GPC Australia under the GPC SPA, the Third Party will be required to pay to AOF Beta an amount equal to the Third Party’s
Respective Proportion of the Adjustment Amount and, to the extent that sufficient funds have been paid to the Third Party Trust Account under clause 2.3(c)(iii) to enable AOF Beta to do so, the Third Party directs AOF Beta and the Company to procure
the Trustee to pay an amount equal to the Third Party’s Respective Proportion of the Adjustment Amount from the Third Party Trust Account to AOF Beta on or before the date on which AOF Beta is required to pay the Adjustment Amount to GPC
Australia under the GPC SPA; 

  

	 	(ii)	it is liable to AOF Beta for the Transaction Costs and, to the extent that sufficient funds have been paid to the Third Party Trust Account under clause 2.3(c)(iii) to
enable AOF Beta to do so, the Third Party directs AOF Beta and the Company to procure the Trustee to pay an amount equal to the Transaction Costs to or otherwise at the direction of AOF Beta prior to payment of the Retention Refund (if any) to the
Third Party; and 

  

	 	(iii)	if and to the extent that any funds which have been paid to the Third Party Trust Account under clause 2.3(c)(iii) are insufficient to fund the aggregate of:

  

	 	(A)	the Third Party’s Respective Proportion of any Adjustment Amount payable to GPC Australia under the GPC SPA; and 

 

	 	(B)	the Transaction Costs, 

 the
Third Party is liable to AOF Beta for, and must pay to AOF Beta on demand an amount equal to, such insufficiency of funds. 
  

	2.6	Payment directions and acknowledgement of discharge 

  

	 	(a)	AOF Beta hereby directs GPC Australia to pay the Performance Share Loan Amount (if any) payable to it pursuant to clause 2.3(c)(i) at AOF Beta’s direction (which
is hereby given) to the Company. 

  

	 	(b)	AOF Beta agrees that payment of the Performance Share Loan Amount by GPC Australia in accordance with clause 2.3(c)(i) shall constitute the full and proper discharge of
any and all obligations on the Third Party to repay the Loan. 

  

	 	(c)	The Company agrees that payment of the Performance Share Loan Amount by GPC Australia in accordance with clause 2.3(c)(i) shall constitute the full and proper discharge
of any and all obligations on AOF Beta to repay the Seller Loan to the extent of that Performance Share Loan Amount. 

  

	 	(d)	Exego OpCo agrees that payment of the Performance Share Loan Amount by GPC Australia in accordance with clause 2.3(c)(i) shall constitute the full and proper discharge
of any and all obligations on the Third Party to repay the Loan. 

  
 8 

	2.7	Title and risk 

 Title to,
and risk in, the Third Party Shares passes from the Third Party to GPC Australia on Completion. 
  

	2.8	Termination 

 If the GPC
SPA is terminated prior to Completion: 
  

	 	(a)	this deed will automatically terminate; and 

  

	 	(b)	AOF Beta must return the Third Party Documents to the Third Party within 3 Business Days. 

 

	2.9	Third Party may elect the form of Performance Share Consideration 

 Subject to clause 2.11, the Third Party may elect to receive such portion (if any) of the Third Party Sale Price as is attributable to that Third Party’s Performance Shares (Performance Share
Consideration) in the form of: 
  

	 	(a)	a payment of cash (or in immediately available funds) equal to the Sale Proceeds (or, in the case where the Sale Proceeds exceed the Performance Share Consideration,
such amount of its Sale Proceeds as is equal to the Performance Share Consideration); or 

  

	 	(b)	GPC Shares; or 

  

	 	(c)	a combination of both cash and GPC Shares, 

 provided that: 
  

	 	(d)	the total consideration provided to the Third Party will be equal to (and may not exceed) the Third Party Sale Price; 

 

	 	(e)	the total value of any consideration provided to the Third Party in the form of GPC Shares must not exceed the amount (if any) of the Performance Share Consideration;

  

	 	(f)	if the Third Party wishes to receive any GPC Shares, the Third Party must give an Election Notice in accordance with clause 2.10; 

 

	 	(g)	if a Third Party does not give an Election Notice in accordance with clause 2.10, then the Third Party will be deemed to have elected to receive the Performance Share
Consideration in cash, subject to any payment required to be made on the Third Party’s behalf under clause 2.3(c)(i) and except for the amount in Australian dollars equal to the value of any Holdback Collateral which GPC’s Guarantor and
the Company agree in accordance with the Supplementary Share Plan will take the form of Holdback Scrip (as such amount is calculated by reference to the Applicable Exchange Rate as at the date when the amount of the Holdback Scrip is determined);
and 

  

	 	(h)	if a Third Party does give an Election Notice in accordance with clause 2.10, but the number of GPC Shares issued under clause 2.10(c) is rounded down, then the Third
Party will be deemed to have elected to receive a cash amount in Australian dollars equal to the value of the portion of the relevant GPC Share that is rounded down under clause 2.10(c) calculated by reference to the Applicable Exchange Rate.

  
 9 

	2.10	GPC Shares Election Notice 

If the Third Party wishes to receive any part of the Performance Share Consideration by way of GPC Shares, then: 

 

	 	(a)	no later than 6 Business Days prior to Completion, the Third Party must deliver a completed Election Notice to GPC’s Guarantor, AOF Beta and the Company;

  

	 	(b)	once the completed Election Notice is so delivered in accordance with clause 2.10(a), it will be irrevocable and will be binding upon the Third Party;

  

	 	(c)	once the completed Election Notice is so delivered in accordance with clause 2.10(a), GPC’s Guarantor must, subject to clause 2.11, take all necessary steps to
issue to the Third Party on Completion that number of GPC Shares which, subject to clause 2.10(d), equals (rounded down to the nearest whole number) the amount equal to the Performance Share Consideration that the Third Party elected (or is deemed
to have elected) to receive as GPC Shares (expressed in US dollars as calculated by reference to the Applicable Exchange Rate for the day immediately prior to (but excluding) the Business Day prior to the Completion Date) as set out in the Election
Notice divided by the Applicable GPC Share Price, provided that any Holdback Collateral which takes the form of Holdback Scrip must be dealt with in accordance with the terms of the Supplementary Share Plan; 

 

	 	(d)	once the completed Election Notice is so delivered in accordance with clause 2.10(a): 

 

	 	(i)	if the Third Party does not elect, or is not deemed to have elected, to receive sufficient cash to repay the Loan or any other loan to the Third Party by AOF Beta,
Exego OpCo or the Company in respect of the Third Party Shares (TP Loans) and: 

  

	 	(A)	direct that the cash be used in repayment of such TP Loans; or 

  

	 	(B)	otherwise repay such TP Loans on or before Completion, 

 then the Third Party will be deemed to have elected to receive sufficient cash as part of the Third Party Sale Price to repay the TP Loans and hereby directs GPC Australia to repay the TP Loans on behalf
of the Third Party from those cash proceeds; and 
  

	 	(ii)	if GPC’s Guarantor and the Company agree in accordance with the Supplementary Share Plan that all or any portion of the any Holdback Collateral will take the form
of Holdback Cash, the Third Party will be deemed to have elected to receive the Third Party Sale Price as Sale Proceeds in cash in an amount equal to the Holdback Cash and hereby directs GPC Australia to deal with such Holdback Cash in accordance
with the Supplementary Share Plan. 

  

	2.11	No regulated disclosure and AOF Beta discretion 

  

	 	(a)	Neither GPC Australia nor GPC’s Guarantor will be taken to have offered or invited for subscription any GPC Shares and nothing in this deed obliges GPC Australia
or GPC’s Guarantor to offer or issue GPC Shares (GPC Issue) to a Third Party if that GPC Issue or any purported acceptance of it would require GPC Australia or GPC’s Guarantor to make disclosure to investors under Chapter 6D of the
Corporations Act 2001 (Cth) or the Securities Act 1978 (New Zealand) (Regulated Disclosure). If a GPC Issue to a Third Party would require Regulated Disclosure, GPC Australia may instead pay to that Third Party the relevant portion of the
Third Party Sale Price in accordance with clause 2.3(c)(iii) notwithstanding anything specified (or deemed to be specified) in an Election Notice by that Third Party. 

  
 10 

	 	(b)	If the Third Party will not receive Sale Proceeds in the form of cash in an amount which equals or exceeds the Retention, the Third Party must pay (or make arrangements
satisfactory to AOF Beta for the payment of) an amount equal to the difference between the Retention and the Sale Proceeds it will receive in the form of cash to the Third Party Trust Account on the Completion Date and GPC Australia and GPC’s
Guarantor must ensure that the Third Party Sale Price is not paid to the Third Party in accordance with clause 2.3(c) unless and until the Third Party has complied with its obligations under this clause 2.11(b). 

 

	2.12	Resale restriction of GPC Shares 

 If the Third Party which elects (or is taken to elect) to receive the Third Party Sale Price in the form of GPC Shares, the Third Party: 

 

	 	(a)	acknowledges that the sale or other transfer of the GPC Shares issued to the Third Party will be restricted for a period of 6 months after the date of issue of those
GPC Shares; and 

  

	 	(b)	agrees that GPC’s Guarantor may administer its share register, and make any arrangements and do all things reasonably necessary, for the purpose of preventing a
breach of that restriction and agrees to GPC’s Guarantor effecting those arrangements or doing those things. Without limiting these powers, GPC’s Guarantor or its share registrar may include a legend on any certificate for those GPC Shares
which specifies the restriction and may refuse to register a transfer of those GPC Shares by the Third Party that would involve a breach of that restriction. 

 

	3.	WARRANTIES AND ACKNOWLEDGMENTS 

  

	 	(a)	The Third Party warrants to GPC Australia that each Warranty is true, accurate and not misleading as at the date of this deed, and will at Completion be true, accurate
and not misleading (unless a Warranty is expressed to be given at a particular date, in which case it is given as of that date only). 

  

	 	(b)	Each Warranty is separate and independent and, except as expressly provided to the contrary in this deed, is not limited by reference to any other Warranty.

  

	 	(c)	Subject at all times to clause 4, the Third Party indemnifies GPC Australia against, and must pay to GPC Australia on demand an amount equal to, all Losses suffered or
incurred by GPC Australia arising out of or in connection with any Warranty being untrue, inaccurate or misleading. 

  

	 	(d)	Any payment made by the Third Party to GPC Australia in connection with a Claim will be treated as a pro-rata reduction in the Third Party Sale Price.

  

	 	(e)	If the Third Party which elects (or is taken to elect) to receive all or any part of the Third Party Sale Price in the form of GPC Shares, GPC’s Guarantor warrants
to the Third Party that such shares will be: 

  

	 	(i)	common shares in GPC’s Guarantor; 

  

	 	(ii)	free from all Encumbrances (except to the extent expressly set out in this deed); and 

 

	 	(iii)	validly issued, fully paid up and free from further capital contribution obligations. 

  
 11 

	 	(f)	If the Third Party elects (or is taken to elect) to receive all or any part of the Third Party Sale Price in the form of GPC Shares, the Third Party acknowledges and
agrees that: 

  

	 	(i)	the issuance of the relevant GPC Shares will not be registered under the Securities Act of 1933 (USA), as amended (the Securities Act), or any other applicable
securities laws; 

  

	 	(ii)	the issuance of the relevant GPC Shares is intended to be exempt from registration under the Securities Act and any other applicable securities laws by virtue of
certain exemptions thereunder, including Section 4(2) of the Securities Act and Regulation D promulgated thereunder, and, therefore, the GPC Shares cannot be resold unless registered under the Securities Act and any other applicable securities
laws or unless an exemption from registration is available; 

  

	 	(iii)	GPC and its advisors will rely on the Warranties for purposes of determining whether the issuance of the relevant GPC Shares is exempt from registration under the
Securities Act and any other applicable securities laws; 

  

	 	(iv)	the relevant GPC Shares will be characterized as “restricted securities” under the Securities Act and that the GPC Shares must bear the following or similar
legend (in addition to such other restrictive legends as are required or deemed advisable under any applicable law or any other agreement to which GPC is a party): 

“THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR ANY
STATE SECURITIES LAWS, AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, ASSIGNED, HYPOTHECATED OR OTHERWISE TRANSFERRED UNLESS (A) THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, AND APPLICABLE STATE SECURITIES LAWS, COVERING ANY
SUCH TRANSACTION INVOLVING SAID SECURITIES OR (B) THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY STATING THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION.”; and 

 

	 	(v)	the Third Party: 

  

	 	(A)	has the financial ability to bear the economic risk of the investment in the GPC Shares; 

 

	 	(B)	has adequate means for providing for its current needs and contingencies; 

  

	 	(C)	has no need for liquidity with respect to the investment in the GPC Shares, and; 

 

	 	(D)	can afford a complete loss of the investment in the GPC Shares at this time and in the foreseeable future; and 

 

	 	(vi)	the Third Party has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the relevant
GPC Shares and of making an informed investment decision with respect thereto. 

  
 12 

	4.	LIMITATIONS 

  

	4.1	Cap on Claims 

 The
maximum aggregate liability of the Third Party arising out of or in connection with this deed or its subject matter (including any and all Claims) is limited to an amount equal to the Third Party Sale Price. 

 

	4.2	Time limit 

  

	 	(a)	The liability of the Third Party in respect of any and all Claims terminates on the date which is 12 months after the Completion Date except in respect of any Claim of
which notice is given to the Third Party in accordance with this deed before the first anniversary of the date of this deed. 

  

	 	(b)	The liability of the Third Party in respect of any Claim will in any event terminate if proceedings in respect of that Claim have not been commenced within 6 months
after notice of that Claim is given in accordance with this deed. 

  

	4.3	Notice 

  

	 	(a)	If GPC Australia becomes aware of a matter or circumstance which may give rise to a Claim, GPC Australia must give notice to the Third Party specifying the relevant
facts and the nature of the Claim, and give an estimate of the amount of the Claim (Claim Notice) no later than 20 Business Days after GPC Australia first becomes aware of that fact, matter or circumstance. 

 

	 	(b)	Failure to give a Claim Notice within the period specified in clause 4.3(a) will not bar GPC Australia or GPC’s Guarantor from making a Claim but the Third Party
will not be liable for any increased Loss suffered by GPC Australia or GPC’s Guarantor as a result of not giving the Third Party the Claim Notice within the time specified in clause 4.3(a). 

 

	4.4	No liability for consequential loss 

 For the avoidance of doubt, the Third Party has no liability for any loss of profits, business, goodwill, opportunity or chance, or for any indirect, special or consequential loss or any punitive or
aggravated damages. 
  

	4.5	Mitigation 

 Nothing in
this deed prejudices or otherwise affects any obligations of a party at common law concerning, or otherwise resulting in, the mitigation of Loss by that party. 
  

	4.6	Right to remedy 

 If the
fact, matter or circumstance giving rise to a Claim is capable of remedy: 
  

	 	(a)	GPC Australia must procure that the Third Party is given a 20 Business Day period after receipt of the Claim Notice to remedy the relevant fact, matter or circumstance;
and 

  

	 	(b)	GPC Australia must, without prejudice to GPC Australia’s obligations under clause 4.6, provide, and must procure that each relevant Group Company provides, all
reasonable assistance to the Third Party as the Third Party requests in writing to remedy the relevant fact, matter or circumstance, provided that: 

  
 13 

	 	(i)	GPC Australia must provide the Third Party with a written estimate (prepared in good faith) of the aggregate amount of any out of pocket costs or expenses (excluding,
for the avoidance of doubt, any costs or expenses attributable to management time) which it is reasonably likely to incur in the provision of such assistance (the Estimate); and 

 

	 	(ii)	GPC Australia is only required to provide any assistance which would result in it incurring any out of pocket costs or expenses (excluding, for the avoidance of doubt,
any costs or expenses attributable to management time) (Relevant Costs) if the Third Party approves the provision of such assistance in writing, in which case the Third Party must reimburse GPC Australia for all Relevant Costs actually
incurred by GPC Australia (as evidenced by appropriate invoices) in the provision of such assistance up to an amount not exceeding the Estimate (or such greater amount as the Third Party and GPC Australia agree in writing). 

 

	4.7	Subsequent recovery 

 If
the Third Party makes a payment in respect of a Claim (the Third Party’s Payment) and: 
  

	 	(a)	at any time after the making of such payment any Group Company or GPC Australia receives any sum, other than the Third Party’s Payment, which would not have been
received but for the matter or circumstance giving rise to that Claim (the Relevant Sum); 

  

	 	(b)	the receipt of the Relevant Sum was not taken into account in calculating the Third Party’s Payment; and 

 

	 	(c)	the aggregate of the Relevant Sum and the Third Party’s Payment exceeds the amount required to compensate GPC Australia in full for the loss or liability which
gave rise to the Claim in question (such excess being the Excess Recovery), 

 GPC Australia must, promptly
following receipt of the Relevant Sum by it or the relevant Group Company, repay to the Third Party an amount equal to the lesser of the Excess Recovery and the Third Party’s Payment. 

 

	4.8	Insurance 

 Without
prejudice to clause 4.5, if in respect of any matter which would otherwise give rise to a Claim, any of the Group Companies is entitled to claim under any policy of insurance (or would have been so entitled had it maintained in force its insurance
cover current at Completion), the amount of the Claim is taken to be reduced by the amount of insurance monies to which that Group Company is or would have been entitled. 

 

	4.9	Independent limitations 

Each of the qualifications and limitations set out in this clause 4 is to be construed independently of the others and is not limited by
any other qualification or limitation. 

  
 14 

	5.	GUARANTEE 

  

	5.1	Guarantee by GPC’s Guarantor 

 GPC’s Guarantor unconditionally and irrevocably: 
  

	 	(a)	guarantees to AOF Beta and the Third Party the payment when due of all amounts payable by GPC Australia under or pursuant to this deed; 

 

	 	(b)	undertakes to ensure that GPC Australia will perform when due all its obligations under or pursuant to this deed; 

 

	 	(c)	agrees that, if and each time that, GPC Australia fails to make any payment when it is due under or pursuant to this deed, GPC’s Guarantor must on demand (without
requiring AOF Beta or the Third Party first to take steps against GPC Australia or any other person) pay that amount to AOF Beta or the Third Party (as the case may be) as if it were the principal obligor in respect of that amount; and

  

	 	(d)	agrees as principal debtor and primary obligor to indemnify AOF Beta and the Third Party against, and to pay to AOF Beta or the Third Party (as applicable) on demand an
amount equal to, all losses, damages, costs, expenses, charges, penalties and other liabilities (including legal and other professional fees) directly or indirectly incurred or suffered by AOF Beta or the Third Party arising out of or in connection
with any non-payment or default of any kind by GPC Australia under or pursuant to this deed. 

  

	5.2	Obligations not affected by certain matters 

 The obligations of GPC’s Guarantor under this deed are not affected by any matter or thing which, but for this provision, might operate to affect or prejudice those obligations, including:

  

	 	(a)	any time or indulgence granted to, or composition with, GPC Australia or any other person; 

 

	 	(b)	the taking, variation, renewal or release of, or neglect to perfect or enforce this deed or any right, guarantee, remedy or security from or against GPC Australia or
any other person; 

  

	 	(c)	any variation or change to the terms of, or any waiver, consent or notice given under, this deed; or 

 

	 	(d)	any unenforceability or invalidity of any obligation of GPC Australia, so that this deed must be construed as if there were no such unenforceability or invalidity.

  

	5.3	Waiver of rights 

GPC’s Guarantor irrevocably waives and must not exercise any right of indemnity or subrogation which it otherwise might be entitled
to claim and enforce against or in respect of AOF Beta or the Third Party. 
  

	5.4	GPC Australia’s actions to bind GPC’s Guarantor 

 Any agreement, waiver, consent or release given by GPC Australia binds GPC’s Guarantor. 

  
 15 

	6.	GENERAL 

  

	6.1	Further assurances 

 Each
party must do all things and execute all further documents necessary to give full effect to this deed and must, where applicable, use all reasonable endeavours to cause relevant third parties to do the same. 

 

	6.2	[Trustees] 

[Delete if Third Party not acting as Trustee] 

[If the Third Party is a trustee and enters into this deed in its capacity as trustee of a trust then: 

 

	 	(a)	the Third Party enters into this deed only in its capacity as trustee of the relevant trust and in no other capacity; 

 

	 	(b)	a liability arising under or in connection with this deed (whether that liability arises under a specific provision of this deed, or for breach of contract or
otherwise) can be enforced against the Third Party only to the extent to which it can be satisfied out of the property of the relevant trust out of which the Third Party is actually indemnified for the liability; 

 

	 	(c)	the limitation of the liability under clause 6.2(b): 

  

	 	(i)	applies despite any other provision of this deed; and 

  

	 	(ii)	extends to all liabilities and obligations of the Third Party in relation to any representation, warranty, conduct, omission, agreement or transaction related to this
deed; and 

  

	 	(d)	GPC Australia may not: 

  

	 	(i)	sue the Third Party personally; 

  

	 	(ii)	seek the appointment of a liquidator, administrator, receiver or similar person to the Third Party; or 

 

	 	(iii)	prove in any liquidation, administration or arrangement of or affecting the Third Party, 

provided that the provisions of this clause 6.2 will not apply to any obligation or liability of a Third Party which is a trustee to the
extent that it is not satisfied because there is a reduction in the extent, or an extinguishment, of the Third Party’s indemnification out of the assets of the relevant trust, as a result of that trustee’s fraud, gross negligence or breach
of trust.] 
  

	6.3	Costs 

 Except as
otherwise expressly provided in this deed, each party must pay the costs and expenses incurred by it in connection with entering into and performing its obligations under this deed. 

 

	6.4	Stamp Duties 

 As between
the parties, GPC Australia is liable for and must pay all Stamp Duties on or relating to this deed and any transfer of the Third Party Shares executed under or in connection with it. 

  
 16 

	6.5	Counterparts 

 This deed
may be executed in counterparts, which taken together constitute one and the same agreement, and any party (including any duly authorised representative of a party) may enter into this deed by executing a counterpart. Faxed signatures are taken to
be valid and binding to the same extent as original signatures. 
  

	7.	GOVERNING LAW AND JURISDICTION 

  

	7.1	Governing law 

 This deed
and any non-contractual obligations arising out of or in connection with it are governed by the law applying in Victoria, Australia. 
  

	7.2	Jurisdiction 

 The courts
having jurisdiction in Victoria, Australia have non-exclusive jurisdiction to settle any dispute arising out of or in connection with this deed (including a dispute relating to any non-contractual obligations arising out of or in connection with
this deed) and each party irrevocably submits to the non-exclusive jurisdiction of the courts having jurisdiction in Victoria, Australia. 

THIS DEED has been executed and delivered on the date stated at the beginning of this deed. 

  
 17 

 EXECUTION PAGE 
 [Insert execution block for Third Party seller] 
  

					
	EXECUTED AS A DEED by AOF BETA B.V.:	  	)
)
)	  	 
	 	  		  	  

	 Name of managing director
	  		  	Name of managing director
			
	 	  		  	  

	 Signature of managing director
	  		  	Signature of managing director
			
	 EXECUTED AS A DEED by EXEGO GROUP
 PTY LTD (ACN 123 768 936) in accordance
 with section 127 of the Corporations Act 2001
(Cth):
	  	)
)
)	  	 
			
	 	  		  	  

	 Name of director
	  		  	Name of company secretary/director
			
	 	  		  	  

	 Signature of director
	  		  	Signature of company secretary/director
			
	 EXECUTED AS A DEED by GENUINE
 PARTS AUSTRALIA PTY LTD (ACN 153
 300 095) in accordance with section 127 of
the
 Corporations Act 2001 (Cth):
	  	)
)
)	  	 
			
	 	  		  	  

	 Name of director
	  		  	Name of company secretary/director
			
	 	  		  	  

	 Signature of director
	  		  	Signature of company secretary/director

  
 18 

					
	 EXECUTED AS A DEED by GENUINE
 PARTS COMPANY by its duly authorised
 representatives :
	  	)
)
)	  	 
			
	 	  		  	 
	 Name of officer
	  		  	Name of officer
			
	 	  		  	 
	 Signature of officer
	  		  	Signature of officer

  
 19 

 SCHEDULE 1 
 THIRD PARTY SHARES 
 PART A – THIRD PARTY SHARES 

Copy will be 

furnished to 

Commission upon 

request. 

  
 20 

 SCHEDULE 2 
 WARRANTIES 
 Copy will be 

furnished to 

Commission upon 

request. 

  
 21 

 SCHEDULE 3 
 GPC SHARES ELECTION NOTICE – PERFORMANCE SHARES 
 Copy will be

 furnished to 
 Commission upon 
 request. 

  
 22 

 ANNEX 3 
 EMPLOYMENT AGREEMENT 
 Copy will be 

furnished to 

Commission upon 

request. 

  
 46

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