Document:

EX-10.4

 Exhibit 10.4 
  

 
 September 14, 2017 

Brian J. Stief 
 Chief Financial Officer 

Johnson Controls International plc 
 Dear Mr. Stief, 

The purpose of this letter agreement (this “Letter Agreement”) is to formalize the agreement between you and Johnson Controls International plc (the
“Company”) regarding the termination of your change in control employment agreement and to address certain matters related thereto. Your execution of this Letter Agreement will represent your acceptance of all the terms set forth below.

  

	 	1.	Termination of the Change of Control Agreement. The Change of Control Executive Employment Agreement dated as of July 28, 2010, as amended on March 31, 2016, between you and the
Company (the “COC Agreement”) shall terminate as of the date hereof. Upon the termination of the COC Agreement, you shall have no further rights thereunder, including but not limited to the right to receive any payments described therein.

  

	 	2.	Consideration. As consideration for your agreement to (i) terminate the COC Agreement and (ii) abide by the Restrictive Covenants set forth in paragraph 3 below, the Company has agreed to
provide you with the following: 

 (a) Equity Awards. A Restricted Share Unit/Performance Share Unit
Award with a grant date value of US$12,000,000 to be granted on September 14, 2017 (the “Retention RSU/PSU Award”); a Restricted Share Unit Award with a grant date value of US$4,000,000, to be granted on September 14, 2017, and a
Performance Unit Award with a grant date value of US$4,000,000, to be granted on September 14, 2017. Such awards will be subject to the terms and conditions of their respective award agreements. 

(b) Cash Payment. If, on the date of vesting of the Retention RSU/PSU Award, the value of the units earned under such
award (without regard to any dividend equivalent units credited thereon) are less than twelve million dollars (US$12,000,000) (calculated by multiplying the number of units earned by the Fair Market Value of a Share on such date), then the Company
shall (or shall cause an affiliate to) make a cash payment to you equal to the difference between (i) US$12,000,000 and (ii) the value of such units earned as of the vesting date (without regard to any dividend equivalent units credited
thereon). For the sake of clarity, no cash payment shall be made if the value of the units earned under the Retention RSU/PSU Award is greater than or equal to US$12,000,000 on the date of vesting, or if you are terminated for Cause. Any capitalized
term used in this paragraph 2(a) and not otherwise defined in this Letter Agreement shall have the meaning given to it in the Retention RSU/PSU Award. 
  

	 	3.	Restrictive Covenants. 

 (a) Confidential Information. You
agree that you will not, directly or indirectly, use, make available, sell, disclose or otherwise communicate to any person, other than in the course of the your assigned duties and for the benefit of the Company or an affiliate, either during the
period of your employment or at any time thereafter, any nonpublic, proprietary or confidential information, knowledge or data relating to the Company, any of its Subsidiaries, affiliated companies or

 
businesses, which shall have been obtained by you during your employment by the Company or an affiliate. The foregoing shall not apply to information that (i) was known to the public prior
to its disclosure to you; (ii) becomes known to the public subsequent to disclosure to you through no wrongful act of you or any representative of you; or (iii) you are required to disclose by applicable law, regulation or legal process
(provided that, to the extent permitted by law, regulation or legal process, you provide the Company with prior notice of the contemplated disclosure and reasonably cooperate with the Company at its expense in seeking a protective order or other
appropriate protection of such information). Notwithstanding clauses (i) and (ii) of the preceding sentence, your obligation to maintain such disclosed information in confidence shall not terminate where only portions of the information are in
the public domain. Notwithstanding the foregoing, nothing herein shall prohibit you from reporting or otherwise disclosing possible violations of state, local or federal law or regulation to any governmental agency or entity, or making other
disclosures that, in each case, are protected under whistleblower provisions of local, state or federal law or regulation. 

(b) Non-Competition. You acknowledge that you perform services of a unique
nature for the Company that are irreplaceable, and that your performance of such services for a competing business will result in irreparable harm to the Company. Accordingly, except as prohibited by law, during your employment with the Company or
an affiliate and for the one (1) year period following termination of employment for any reason, you agrees that you will not, directly or indirectly, own, manage, operate, control (including indirectly through a debt or equity investment),
provide services to, or be employed by any person or entity engaged in any business that is (i) located in or provides services or products to a region with respect to which you had substantial responsibilities while employed by the Company or
its present or former parent, subsidiaries or affiliates, and (ii) competitive with (A) the line of business or businesses of the Company or its present or predecessor parent, subsidiaries or affiliates that you were employed with during
your employment (including any prospective business to be developed or acquired that was proposed at the date of termination of employment), or (B) any other business of the Company or its present or predecessor parent, subsidiaries or
affiliates with respect to which you had substantial exposure during such employment. This paragraph 3(b) shall not prevent you from owning not more than one percent (1%) of the total shares of all classes of stock outstanding of any publicly held
entity engaged in such business, nor will it restrict you from rendering services to charitable organizations, as such term is defined in section 501(c) of the Internal Revenue Code of 1986, as amended. 

(c) Non-Solicitation. You agree that during your employment with the Company or
an affiliate, and for the two-year period thereafter, you will not, directly or indirectly, on your own behalf or on behalf of another (i) solicit, recruit, aid or induce any employee of the Company or
its present or former parent, subsidiaries or affiliates to leave their employment with the Company or its present or former parent, subsidiaries or affiliates in order to accept employment with or render services to another person or entity
unaffiliated with the Company or its present or former parent, subsidiaries or affiliates, or (ii) hire or knowingly take any action to assist or aid any other person or entity in identifying or hiring any such employee, or solicit, aid, or
induce any customer of the Company or its present or former parent, subsidiaries or affiliates to purchase goods or services then sold by the Company or its present or former parent, subsidiaries or affiliates from another person or entity, or
assist or aid any other persons or entity in identifying or soliciting any such customer, or otherwise interfere with the relationship of the Company or its present or former parent, subsidiaries or affiliates with any of its employees, customers,
agents, or representatives. 
 (d) Non-Disparagement. Each of you and the
Company (for purposes hereof, the Company shall mean only the officers and directors thereof, or the officers and directors of any affiliate, and not any other employees) agrees not to make any statements that disparage the other party, or in the
case of the Company, its respective subsidiaries, affiliates, employees, officers, directors, products or services. Notwithstanding the foregoing, statements made in the course of sworn testimony in administrative, judicial or arbitral proceedings
(including, without limitation, depositions in connection with such proceedings) shall not be subject to this paragraph 3(d). 

  
 2 

 (e) Reasonableness. In the event the provisions of this paragraph 3 shall
ever be deemed to exceed the time, service, scope, geographic or other limitations permitted by applicable laws in any jurisdiction, then such provisions shall be deemed reformed in such jurisdiction to the maximum time, service, scope, geographic
or other limitations, as the case may be, permitted by applicable laws. 
  

	 	4.	Entire Agreement. This Letter Agreement constitutes a complete and exclusive statement of the terms of the agreement between the parties and supersedes all prior agreements with respect to its
subject matter. 

  

	 	5.	No Right to Employment. This Letter Agreement is not to be construed as an employment contract. Nothing in this Letter Agreement is or will be construed as an agreement or understanding,
express or implied, that the Company or any of its affiliates will employ you in any particular position, for any particular period of time or at any particular compensation or benefit rate. 

 

	 	6.	Waiver. The failure of any party hereto to insist, in any one or more instances, upon performance of any of the terms and conditions of this Letter Agreement, shall not be construed as a waiver or
relinquishment of any right granted hereunder or of the future performance of any such term, covenant or condition. 

  

	 	7.	Governing Law. This Letter Agreement shall be governed by and construed in accordance with the internal laws of the State of Wisconsin, without reference to the conflict of law principles thereof.

 [signature page follows] 

  
 3 

 If you accept the terms of this Letter Agreement, then please return an originally signed copy of this Letter
Agreement to Lynn Minella. 
  

			
	Sincerely,
	  
 JOHNSON CONTROLS INTERNATIONAL
PLC

 
			
		
	By:	 	/s/ Lynn Minella

 
			
	Lynn Minella
	Chief Human Resources Officer

 Please sign below to signify your understanding an acceptance of the terms and conditions of this agreement. 

 

	
	
	
	/s/ Brian Stief
	Brian Stief
	Date: September 14, 2017

  
 4Exhibit 10.1

 

$325,000,000

 

WABASH NATIONAL CORPORATION

5.50% Senior Notes due 2025

 

PURCHASE AGREEMENT

 

September 15, 2017

 

     

     

    

 

September 15, 2017

 

Morgan Stanley & Co. LLC

Wells Fargo Securities, LLC

 

As Representatives of the Initial Purchasers

 

c/o Morgan Stanley & Co. LLC

1585 Broadway

New York, New York 10036

 

Wells Fargo Securities, LLC

550 South Tryon Street

Charlotte, North Carolina 28202

 

Ladies and Gentlemen:

 

Wabash National Corporation, a Delaware corporation
(the “Company”), proposes to issue and sell to the several purchasers named in Schedule I hereto (the “Initial
Purchasers”) $325,000,000 aggregate principal amount of the Company’s 5.50% Senior Notes due 2025 (the “Notes”).
Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC have agreed to act as the Representatives of the several Initial Purchasers
(the “Representatives”) in connection with the offering and sale of the Notes.

 

The Securities (as defined herein) will be issued
pursuant to the provisions of an indenture, to be dated as of September 26, 2017 (the “Indenture”), among, the
Company, the Guarantors (as defined herein) and Wells Fargo Bank, National Association, as trustee (the “Trustee”).

 

The payment of principal of, premium, if any,
and interest on the Notes will be fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by (i)
the entities listed on the signature pages hereof as “Guarantors” and (ii) any subsidiary of the Company formed
or acquired after the Closing Date that executes an additional guarantee in accordance with the terms of the Indenture, and their
respective successors and assigns (collectively, the “Guarantors”), pursuant to their guarantees (the “Guarantees”).
The Notes and the Guarantees attached thereto are herein collectively referred to as the “Securities”

 

The Securities are being issued to finance a
portion of the purchase price for the Company’s acquisition (the “Acquisition”) of Supreme Industries,
Inc. (the “Target”) to the extent set forth in, and pursuant to, the Agreement and Plan of Merger, dated as
of August 8, 2017, among the Target, Redhawk Acquisition Corporation and the Company (the “Merger Agreement”).
For purposes of Section 1 of this Agreement, all representations and warranties as they relate to the Target are made to the knowledge
of the Company.

 

     

     

    

 

The Company understands that the Initial Purchasers
propose to make an offering of the Securities on the terms and in the manner set forth herein and in the Time of Sale Memorandum
(as defined herein) and agrees that the Initial Purchasers may resell, subject to the conditions set forth herein, all or a portion
of the Securities to purchasers (the “Subsequent Purchasers”) on the terms set forth in the Time of Sale Memorandum
(the first time when sales of the Securities are made is referred to as the “Time of Sale”). The Securities
will be offered without being registered under the Securities Act of 1933, as amended (the “Securities Act”),
to qualified institutional buyers in compliance with the exemption from registration provided by Rule 144A under the Securities
Act (“Rule 144A”) and in offshore transactions in reliance on Regulation S under the Securities Act (“Regulation
S”). Pursuant to the terms of the Securities and the Indenture, investors who acquire Securities shall be deemed to have
agreed that Securities may only be resold or otherwise transferred, after the date hereof, if such Securities are registered for
sale under the Securities Act or if an exemption from the registration requirements of the Securities Act is available (including
the exemptions afforded by Rule 144A or Regulation S). The Company hereby confirms that it has authorized the use of the Time of
Sale Memorandum, the Final Memorandum (as defined herein) and the Recorded Road Show (as defined herein) in connection with the
offer and sale of the Securities by the Initial Purchasers.

 

In connection with the sale of the Securities,
the Company has prepared and delivered to each Initial Purchaser copies of a preliminary offering memorandum, dated September 8,
2017 (the “Preliminary Memorandum”), and prepared and delivered to each Initial Purchaser copies of a pricing
supplement, dated September 15, 2017 (the “Pricing Supplement”), describing the terms of the Securities, each
for use by such Initial Purchaser in connection with its solicitation of offers to purchase the Securities. For purposes of this
Agreement, “Additional Written Offering Communication” means any written communication (as defined in Rule 405
under the Securities Act) that constitutes an offer to sell or a solicitation of an offer to buy the Securities other than the
Preliminary Memorandum, the Pricing Supplement or the Final Memorandum; and “Time of Sale Memorandum” means
the Preliminary Memorandum together with the Pricing Supplement and each Additional Written Offering Communication or other information,
if any, each identified in Schedule II hereto under the caption Time of Sale Memorandum. Promptly after this Agreement is
executed and delivered, the Company will prepare and deliver to each Initial Purchaser a final offering memorandum, dated the date
hereof (the “Final Memorandum”). As used herein, the terms “Preliminary Memorandum,” “Time
of Sale Memorandum” and “Final Memorandum” shall include the documents, if any, incorporated by reference therein
on the date hereof. The terms “supplement”, “amendment” and “amend” as
used herein with respect to the Preliminary Memorandum, the Time of Sale Memorandum, the Final Memorandum or any Additional Written
Offering Communication shall include all documents subsequently filed by the Company with the Securities and Exchange Commission
(the “Commission”) pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
that are deemed to be incorporated by reference therein.

 

    	 	2	 

     

    

 

1.          Representations
and Warranties. Each of the Company and the Guarantors, jointly and severally, hereby represents and warrants to, and agrees
with each Initial Purchaser that, as of the Time of Sale and as of the Closing Date:

 

(a)          (i)
Each document filed or to be filed pursuant to the Exchange Act and incorporated by reference in the Preliminary Memorandum, the
Time of Sale Memorandum or the Final Memorandum (the “Exchange Act Reports”) complied, or will comply when so
filed, in all material respects with the Exchange Act and the applicable rules and regulations of the Commission thereunder, (ii)
the Time of Sale Memorandum as of the Time of Sale does not, and as of the Closing Date (as defined in Section 4) will not, contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light
of the circumstances under which they were made, not misleading (iii) any Additional Written Offering Communication prepared, used
or referred to by the Company, when considered together with the Time of Sale Memorandum, at the time of its use did not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light
of the circumstances under which they were made, not misleading, and (iv) the Final Memorandum as of its date and as of the Closing
Date (as defined in Section 4) will not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not misleading, except that the representations
and warranties set forth in this paragraph do not apply to statements in or omissions from the Time of Sale Memorandum, the Final
Memorandum, or Additional Written Offering Communication based upon information relating to any Initial Purchaser furnished to
the Company in writing by such Initial Purchaser through you expressly for use therein. The interactive data in eXtensible Business
Reporting Language included or incorporated by reference in the Preliminary Memorandum, the Time of Sale Memorandum and the Final
Memorandum fairly presents the information called for in all material respects and has been prepared in accordance with the Commission’s
rules and guidelines applicable thereto.

 

(b)          Except
for the Additional Written Offering Communications, if any, identified in Schedule II hereto, including electronic road shows
and furnished to you before first use, the Company has not used or referred to, and will not, without your prior consent, use or
refer to, any Additional Written Offering Communication.

 

(c)          The
Company has been duly incorporated, is validly existing as a corporation in good standing under the laws of the jurisdiction of
its incorporation, has the corporate power and authority to own its property and to conduct its business as described in the Time
of Sale Memorandum and to enter into and perform its obligations under each of this Agreement, the Indenture and the Securities.
The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business
or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or
to be in good standing would not have a material adverse effect on the Company and its subsidiaries, taken as a whole.

 

    	 	3	 

     

    

 

(d)          Each
subsidiary (of the Company has been duly incorporated, formed or organized, as applicable, is validly existing as a corporation,
limited partnership or other entity, as applicable, is in good standing under the laws of the jurisdiction of its incorporation,
formation or organization, has the corporate (or other) power and authority to own its property and to conduct its business as
described in the Time of Sale Memorandum and to enter into and perform its obligations under each of this Agreement, the Indenture
and the Securities, as applicable. Each subsidiary of the Company is duly qualified to transact business and is in good standing
(to the extent that the concept of good standing is applicable) in each jurisdiction in which the conduct of its business or its
ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or to be
in good standing would not have a material adverse effect on the Company and its subsidiaries, taken as a whole; all of the issued
shares of capital stock or other equity interests of each subsidiary of the Company have been duly and validly authorized and issued,
are fully paid and non-assessable and are owned directly or indirectly by the Company, free and clear of all liens, encumbrances,
equities or claims.

 

(e)          This
Agreement has been duly authorized, executed and delivered by the Company and each Guarantor.

 

(f)          The
Notes and the performance by the Company of its obligations thereunder have been duly authorized and, when executed and authenticated
in accordance with the provisions of the Indenture and delivered to and paid for by the Initial Purchasers in accordance with the
terms of this Agreement, will be valid and binding obligations of the Company, enforceable in accordance with their terms, subject
to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights and remedies generally and equitable principles
of general applicability, and will be entitled to the benefits of the Indenture pursuant to which such Notes are to be issued.

 

(g)          The
Guarantees of the Notes on the Closing Date will be in the form contemplated by the Indenture and have been duly authorized for
issuance pursuant to this Agreement and the Indenture; the Guarantees of the Notes, at the Closing Date, will have been duly executed
by each of the Guarantors and, when the Notes have been authenticated in the manner provided for in the Indenture and issued and
delivered against payment of the purchase price therefor, the Guarantees of the Notes will constitute valid and binding agreements
of the Guarantors;

 

(h)          The
Indenture and the performance by the Company of its obligations thereunder has been duly authorized and, on the Closing Date, will
have been duly executed and delivered by the Company and each Guarantor, and will (assuming the due authorization, execution and
delivery thereof by the other parties thereto) constitute a valid and binding agreement of, the Company and each Guarantor, enforceable
in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights and
remedies generally and equitable principles of general applicability.

 

    	 	4	 

     

    

 

(i)          The
Securities to be purchased by the Initial Purchasers from the Company will on the Closing Date be in the form contemplated by the
Indenture. The Securities and the Indenture will conform in all material respects to the descriptions thereof in the Time of Sale
Memorandum and the Final Memorandum.

 

(j)          The
execution and delivery by the Company of, and the performance by the Company of its obligations under, this Agreement, the Indenture
and the Securities, and the issuance and sale of the Securities, will not contravene (i) any provision of applicable law, (ii)
the certificate of incorporation or by-laws of the Company, (iii) any agreement or other instrument binding upon the Company or
any of its subsidiaries (including, without limitation, those agreements or other instruments filed as an exhibit to the Company’s
Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (“2016 10-K”), or (iv) any judgment,
order or decree of any governmental body, agency or court having jurisdiction over the Company or any subsidiary, except, in the
cases of clauses (i), (iii) and (iv) above, for any such contravention that would not have a material adverse effect on the Company
and its subsidiaries, taken as a whole, or on the power and ability of the Company to perform its obligations under this Agreement,
the Indenture or the Securities or to consummate the transactions contemplated hereby or thereby.

 

(k)          No
consent, approval, authorization or order of, or qualification with, any governmental body or agency is required for the performance
by the Company of its obligations under this Agreement, the Indenture or the Securities or the issuance and sale of the Securities,
except such as may be required by the securities or Blue Sky laws of the various states in connection with the offer and sale of
the Securities and except for any such consents, approvals, authorizations, orders or qualifications the absence of which would
not, individually or in the aggregate, have a material adverse effect on the Company and its subsidiaries, taken as a whole, or
on the power and ability of the Company to perform its obligations under this Agreement, the Indenture or the Securities or to
consummate the transactions contemplated hereby or thereby.

 

(l)          There
has not occurred any material adverse change, or any development involving a prospective material adverse change, in the condition,
financial or otherwise, or in the earnings, business or operations of the Company and its subsidiaries, taken as a whole, from
that set forth in the Time of Sale Memorandum provided to prospective purchasers of the Securities.

 

    	 	5	 

     

    

 

(m)          There
are no legal or governmental proceedings pending or, to the Company’s knowledge, threatened to which the Company or any of
its subsidiaries is a party or to which any of the properties of the Company or any of its subsidiaries is subject other than proceedings
accurately described in all material respects in the Time of Sale Memorandum and proceedings that would not have a material adverse
effect on the Company and its subsidiaries, taken as a whole, or on the power or ability of the Company to perform its obligations
under this Agreement, the Indenture or the Securities or to consummate the transactions contemplated by the Time of Sale Memorandum;
and there are no statutes, regulations, contracts or other documents to which the Company is subject or by which the Company is
bound that would be required to be (i) described in the Final Memorandum (were it a registration statement filed with the Commission)
and are not so described, or (ii) filed as exhibits to the 2016 10-K or any subsequent Exchange Act Report that were not filed
as required.

 

(n)          Neither
the Company nor any Guarantor is, nor after giving effect to the offering and sale of the Securities and the application of the
proceeds thereof as described in the Time of Sale Memorandum will be, required to register as an “investment company”
as such term is defined in the Investment Company Act of 1940, as amended.

 

(o)          The
Company and its subsidiaries (i) are in compliance with any and all applicable foreign, federal, state and local laws and regulations
relating to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants or
contaminants (“Environmental Laws”), (ii) have received all permits, licenses or other approvals required of
them under applicable Environmental Laws to conduct their respective businesses and (iii) are in compliance with all terms and
conditions of any such permit, license or approval, except (x) where such noncompliance with Environmental Laws, failure to receive
required permits, licenses or other approvals or failure to comply with the terms and conditions of such permits, licenses or approvals
would not, individually or in the aggregate, have a material adverse effect on the Company and its subsidiaries, taken as a whole,
or (y) as described in the Time of Sale Memorandum and the Final Memorandum.

 

(p)          There
are no costs or liabilities associated with Environmental Laws (including, without limitation, any capital or operating expenditures
required for clean-up, closure of properties or compliance with Environmental Laws or any permit, license or approval, any related
constraints on operating activities and any potential liabilities to third parties) except (i) which would not, individually or
in the aggregate, have a material adverse effect on the Company and its subsidiaries, taken as a whole, or (ii) as described in
the Time of Sale Memorandum and the Final Memorandum.

 

    	 	6	 

     

    

 

(q)          None
of the Company, any affiliate (as defined in Rule 501(b) of Regulation D under the Securities Act, an “Affiliate”),
or any person acting on its or their behalf (other than the Initial Purchasers or any person acting on their behalf, as to whom
the Company makes no representation or warranty) has, directly or indirectly, solicited any offer to buy or offered to sell, or
will, directly or indirectly, solicit any offer to buy or offer to sell, in the United States or to any United States citizen or
resident, any security which is or would be integrated with the sale of the Securities in a manner that would require the Securities
to be registered under the Securities Act or offered, solicited offers to buy or sold the Securities by any form of general solicitation
or general advertising (as those terms are used in Regulation D under the Securities Act) or in any manner involving a public offering
within the meaning of Section 4(a)(2) of the Securities Act. With respect to those Securities sold in reliance upon Regulation
S, (i) none of the Company, its Affiliates or any person acting on its or their behalf (other than the Initial Purchasers or any
person acting on their behalf, as to whom the Company makes no representation or warranty) has engaged or will engage in any directed
selling efforts within the meaning of Regulation S and (ii) each of the Company and its Affiliates and any person acting on its
or their behalf (other than the Initial Purchasers or any person acting on their behalf, as to whom the Company makes no representation
or warranty) has complied and will comply with the offering restrictions set forth in Regulation S.

 

(r)          Subject
to compliance by the Initial Purchasers with the procedures set forth in Section 7 hereof, it is not necessary in connection
with the offer, sale and delivery of the Securities to the Initial Purchasers and to each Subsequent Purchaser in the manner contemplated
by this Agreement and the Time of Sale Memorandum to register the Securities under the Securities Act or to qualify the Indenture
under the Trust Indenture Act of 1939 (the “Trust Indenture Act,” which term, as used herein, includes the rules
and regulations of the Commission promulgated thereunder).

 

(s)          The
Securities are eligible for resale pursuant to Rule 144A and will not be, at the Closing Date, of the same class as securities
listed on a national securities exchange registered under Section 6 of the Exchange Act or quoted in a U.S. automated interdealer
quotation system.

 

(t)          (i)
Neither the Company nor any of its subsidiaries, nor any director or officer, nor, to the Company’s knowledge, any employee,
agent or representative of the Company or of any of its subsidiaries, has taken on behalf of the Company, or will take on behalf
of the Company, any action in furtherance of an offer, payment, promise to pay, or authorization or approval of the payment or
giving of money, property, gifts or anything else of value, directly or indirectly, to any “government official” (including
any officer or employee of a government or government-owned or controlled entity or of a public international organization, or
any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or
candidate for political office) to influence official action or to secure an improper advantage; and the Company and its subsidiaries
have conducted their businesses in compliance with applicable anti-corruption laws and have instituted and maintain and will continue
to maintain policies and procedures designed to promote and achieve compliance with such laws and with the representation and warranty
contained herein; and (ii) neither the Company nor its subsidiaries will use the proceeds of the offering in furtherance of an
offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any person in
violation of any applicable anti-corruption laws.

 

    	 	7	 

     

    

 

(u)          The
operations of the Company and its subsidiaries are and have been conducted at all times in material compliance with all applicable
financial recordkeeping and reporting requirements, including those of the Bank Secrecy Act, as amended by Title III of the Uniting
and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT
Act), and the applicable anti-money laundering statutes of jurisdictions where the Company and its subsidiaries conduct business,
the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced
by any governmental agency (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding
by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries
with respect to the Anti-Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.

 

(v)         (i)
  The Company represents that neither the Company nor any of its subsidiaries, nor any director, officer, or employee thereof, nor,
to the Company’s knowledge, any agent, affiliate or representative of the Company or any of its subsidiaries, is an individual
or entity (“Person”) that is, or is owned or controlled by a Person that is:

 

(A) the subject of any sanctions administered
or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control or other relevant sanctions authority (collectively,
“Sanctions”), nor

 

(B) located, organized or resident
in a country or territory that is the subject of Sanctions (including, without limitation, Crimea, Cuba, Iran, North Korea, Sudan
and Syria).

 

(ii) The Company represents and
covenants that it will not knowingly, directly or indirectly, use the proceeds of the offering, or lend, contribute or otherwise
make available such proceeds to any subsidiary, joint venture partner or other Person:

 

(A) to fund or facilitate any activities
or business of or with any Person or in any country or territory that, at the time of such funding or facilitation, is the subject
of Sanctions; or

 

(B) in any other manner that will result
in a violation of Sanctions by any Person (including any Person participating in the offering, whether as underwriter, advisor,
investor or otherwise).

 

    	 	8	 

     

    

 

(iii) The Company represents
and covenants that for the past 5 years, it and its subsidiaries have not knowingly engaged in, are not now knowingly engaged in,
and will not knowingly engage in, any dealings or transactions with any Person, or in any country or territory, that at the time
of the dealing or transaction is or was the subject of Sanctions.

 

(w)          Subsequent
to the respective dates as of which information is given in each of the Time of Sale Memorandum and the Final Memorandum, and except
as disclosed therein, (i) the Company and its subsidiaries have not incurred any material liability or obligation, direct or contingent,
nor entered into any material transaction required to be disclosed therein; (ii) the Company has not purchased any of its outstanding
capital stock, nor declared, paid or otherwise made any dividend or distribution of any kind on its capital stock other than ordinary
and customary dividends; and (iii) there has not been any material change in the capital stock, short-term debt or long-term debt
of the Company and its subsidiaries, except in each case as described in each of the Time of Sale Memorandum and the Final Memorandum,
respectively.

 

(x)          The
Company and its subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to
all personal property owned by them, respectively, which is material to the business of the Company and its subsidiaries, in each
case free and clear of all liens, encumbrances and defects except such as are described in the Time of Sale Memorandum or such
as do not materially affect the value of such property and do not materially interfere with the use made and proposed to be made
of such property by the Company and its subsidiaries; and any real property and buildings held under lease by the Company and its
subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as are not material and do not
materially interfere with the use made and proposed to be made of such property and buildings by the Company and its subsidiaries,
in each case except as described in the Time of Sale Memorandum and the Final Memorandum.

 

(y)          The
Company and its subsidiaries own, license or possess, or can acquire on reasonable terms, all material patents, patent rights,
licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential
information, systems or procedures), trademarks, service marks and trade names currently employed by them in connection with the
business now operated by them, and neither the Company nor any of its subsidiaries has received any written notice, or, to the
Company’s knowledge, any unwritten threat, of infringement of or conflict with asserted rights of others with respect to
any of the foregoing which, individually or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would
have a material adverse effect on the Company and its subsidiaries, taken as a whole.

 

(z)          No
material labor dispute with the employees of the Company or any of its subsidiaries exists, except as described in the Time of
Sale Memorandum, or, to the knowledge of the Company, is imminent; and the Company is not aware of any existing, threatened or
imminent labor disturbance by the employees of any of its principal suppliers, manufacturers or contractors that could have a material
adverse effect on the Company and its subsidiaries, taken as a whole.

 

    	 	9	 

     

    

 

(aa)         The
Company and each of its subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks
and in such amounts as are generally considered prudent and customary in the businesses in which they are engaged; neither the
Company nor any of its subsidiaries has been refused any insurance coverage sought or applied for; and neither the Company nor
any of its subsidiaries has any reason to believe that it will not be able to renew its existing insurance coverage as and when
such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost
that would not have a material adverse effect on the Company and its subsidiaries, taken as a whole, except as described in the
Time of Sale Memorandum.

 

(bb)         The
Company and its subsidiaries possess all certificates, authorizations and permits issued by the appropriate federal, state or foreign
regulatory authorities necessary to conduct their respective businesses, except as would not, individually or in the aggregate,
have a material adverse effect on the Company and its subsidiaries, taken as a whole, and neither the Company nor any of its subsidiaries
has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit
which, individually or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would have a material adverse
effect on the Company and its subsidiaries, taken as a whole, except as described in the Time of Sale Memorandum.

 

(cc)         The
Company and its subsidiaries maintain a system of “internal control over financial reporting” (as defined in Rule 13a-15(f)
of the Exchange Act) that complies with the requirements of the Exchange Act and has been designed by, or under the supervision
of, its principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance
with United States generally accepted accounting principles (“GAAP”), including, but not limited to, internal
accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s
general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in
conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s
general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable
intervals and appropriate action is taken with respect to any differences. Except as described in the Time of Sale Memorandum,
since the end of the Company’s most recent audited fiscal year, there has been (i) no material weakness in the Company’s
internal control over financial reporting (whether or not remediated) and (ii) no change in the Company’s internal control
over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal
control over financial reporting. There has been no failure on the part of the Company or any of the Company’s directors
or officers, in their capacities as such, to comply in any material respect with any provision of the Sarbanes-Oxley Act of 2002
and the rules and regulations promulgated in connection therewith.

 

    	 	10	 

     

    

 

(dd)         Each
employee benefit plan, within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), that is maintained, administered or contributed to by the Company or any of its affiliates for employees
or former employees of the Company has been maintained in all material respects in compliance with its terms and the requirements
of any applicable statutes, orders, rules and regulations, including ERISA and the Internal Revenue Code of 1986, as amended (the
“Code”). No prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of
the Code, has occurred with respect to any such plan excluding transactions effected pursuant to a statutory or administrative
exemption and transactions with respect to which no material liability to the Company has occurred or could reasonably be expected
to occur, either individually or in the aggregate; and for each such plan that is subject to the funding rules of Section 412
of the Code or Section 302 of ERISA, no “accumulated funding deficiency” as defined in Section 412 of the
Code has been incurred, whether or not waived.

 

(ee)         The
consolidated financial statements (including the related notes) of the Company included or incorporated by reference in the Time
of Sale Memorandum and the Final Memorandum present fairly in all material respects the consolidated financial condition, the consolidated
results of operations and the consolidated changes in cash flows of the entities purported to be shown thereby in conformity with
GAAP applied on a consistent basis throughout the periods covered thereby, except to the extent disclosed therein; and the summary
and selected historical financial data included or incorporated by reference in the Time of Sale Memorandum and the Final Memorandum
present fairly in all material respects the information shown therein and have been compiled on a basis consistent in all material
respects with that of the audited consolidated financial statements set forth in the Time of Sale Memorandum and the Final Memorandum
or the unaudited condensed consolidated financial statements, as the case may be.

 

(ff)         The
consolidated financial statements (including the related notes) of the Target included or incorporated by reference in the Time
of Sale Memorandum and the Final Memorandum present fairly in all material respects the consolidated financial condition, the consolidated
results of operations and the consolidated changes in cash flows of the entities purported to be shown thereby in conformity with
GAAP applied on a consistent basis throughout the periods covered thereby, except to the extent disclosed therein; and the summary
and selected historical financial data included or incorporated by reference in the Time of Sale Memorandum and the Final Memorandum
present fairly in all material respects the information shown therein and have been compiled on a basis consistent in all material
respects with that of the audited consolidated financial statements set forth in the Time of Sale Memorandum and the Final Memorandum
or the unaudited condensed consolidated financial statements, as the case may be.

 

    	 	11	 

     

    

 

(gg)         The
pro forma financial statements and information (including the related notes) included or incorporated by reference in the Time
of Sale Memorandum and the Final Memorandum have been prepared in accordance with the Commission’s rules and guidelines with
respect to pro forma financial statements and have been properly compiled on the bases described therein, and the assumptions used
in the preparation thereof are reasonable and the adjustments used therein are appropriate to give effect to the transactions and
circumstances referred to therein.

 

(hh)         The
statistical and market and industry-related data included or incorporated by reference in the Time of Sale Memorandum and the Final
Memorandum are based on or derived from sources that the Company reasonably believes to be reliable and accurate in all material
respects.

 

(ii)           (i)
The Company is not in violation of its certificate of incorporation or by-laws or similar organizational documents, (ii) none of
the Company’s subsidiaries are in violation of its certificate of incorporation or by-laws or similar organizational documents
and (iii) neither the Company nor any of its subsidiaries is in default in any material respect, and no event has occurred which,
with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant
or condition contained in any indenture, mortgage, deed of trust, credit agreement or other agreement or instrument to which it
is a party or by which it is bound or to which any of its property or assets is subject, except for any default described in clause
(ii) or (iii) above which would not have a material adverse effect on the Company and its subsidiaries, taken as a whole.

 

(jj)         The
Company and each of its subsidiaries have filed all federal, state, local and foreign tax returns required to be filed by them
through the date of this Agreement or have requested extensions thereof (except for cases in which the failure to file would not,
individually or in the aggregate, have a material adverse effect on the Company and its subsidiaries, taken as a whole) and have
paid all taxes required to be paid thereon, and, except as currently being contested in good faith and for which reserves required
by GAAP have been created in the financial statements of the Company, no tax deficiency has been determined adversely to the Company
or any of its subsidiaries which has had (nor does the Company nor any of its subsidiaries have any notice or knowledge of any
tax deficiency which could reasonably be expected to be determined adversely to the Company or its subsidiaries and which could
reasonably be expected to have) a material adverse effect on the Company and its subsidiaries, taken as a whole.

 

    	 	12	 

     

    

 

(kk)        Nothing
has come to the attention of the Company that would cause it to believe that the Acquisition will not be consummated substantially
in accordance with the terms of the Merger Agreement.

 

(ll)         Neither
the Company nor its controlled affiliates has taken, directly or indirectly, any action that is designed to or that has constituted
or that would reasonably be expected to cause or result in the stabilization or manipulation of the price of any security of the
Company to facilitate the sale or resale of the Securities.

 

(mm)      The
Company, the Guarantors and their respective affiliates and all persons acting on their behalf (other than the Initial Purchasers,
as to whom the Company and the Guarantors make no representation) have complied with and will comply with the offering restrictions
requirements of Regulation S in connection with the offering of the Securities outside the United States and, in connection therewith,
the Time of Sale Memorandum will contain the disclosure required by Rule 902. The Securities sold in reliance on Regulation S will
be represented upon issuance by a temporary global security that may not be exchanged for definitive securities until the expiration
of the 40-day restricted period referred to in Rule 903 of the Securities Act and only upon certification of beneficial ownership
of such Securities by non-U.S. persons or U.S. persons who purchased such Securities in transactions that were exempt from the
registration requirements of the Securities Act.

 

2.            Agreements
to Sell and Purchase. Each of the Company and the Guarantors hereby agrees to issue and sell to the Initial Purchasers,
and each Initial Purchaser, upon the basis of the representations and warranties herein contained, but subject to the
conditions hereinafter stated, agrees, severally and not jointly, to purchase from the Company and the Guarantors the
respective principal amount of Securities set forth in Schedule I hereto opposite its name at a purchase price of 98.75%
of the principal amount thereof (the “Purchase Price”), plus accrued and unpaid interest, if any, from
September 26, 2017 to the Closing Date (as defined below).

 

3.            Terms
of Offering. You have advised the Company that the Initial Purchasers will make an offering of the Securities purchased by
the Initial Purchasers hereunder as soon as practicable after this Agreement is entered into as in your judgment is advisable.

 

4.            Payment
and Delivery. Payment for the Securities shall be made to the Company in Federal or other funds immediately available in
New York City against delivery of such Securities for the respective accounts of the several Initial Purchasers at 10:00
a.m., New York City time, on September 26, 2017, or at such other time on the same or such other date, not later than October
5, 2017, as shall be designated in writing by Morgan Stanley & Co. LLC. The time and date of such payment are
hereinafter referred to as the “Closing Date.” Such delivery and payment shall be made at the offices of
Davis Polk & Wardwell LLP, 450 Lexington Avenue, New York, New York 10017 (or such other place as may be agreed to by the
Company and Morgan Stanley & Co. LLC).

 

    	 	13	 

     

    

 

The Securities shall be in definitive form or
global form, as specified by the Representatives, and registered in such names and in such denominations as the Representatives
shall request in writing not later than one full business day prior to the Closing Date. The Securities shall be delivered to the
Representatives on the Closing Date for the respective accounts of the Initial Purchasers, with any transfer taxes payable in connection
with the transfer of the Securities to the Initial Purchasers duly paid, against payment of the Purchase Price therefor plus accrued
interest, if any, to the date of payment and delivery. Time shall be of the essence, and delivery at the time and place specified
in this Agreement is a condition to the obligations of the Initial Purchasers.

 

5.            Conditions
to the Initial Purchasers’ Obligations. The several obligations of the Initial Purchasers to purchase and pay for the
Securities as provided herein on the Closing Date are subject to the satisfaction or waiver, as determined by the Representatives
in their sole discretion of the following conditions precedent on or prior to the Closing Date:

 

(a)          Subsequent
to the execution and delivery of this Agreement and prior to the Closing Date:

 

(i)          there
shall not have occurred any downgrading, nor shall any notice have been given of any intended or potential downgrading or of any
review for a possible change that does not indicate the direction of the possible change, in the rating accorded the Company or
any of the securities of the Company or any of its subsidiaries by any “nationally recognized statistical rating organization,”
as such term is defined in Section 3(a)(62) of the Exchange Act; and

 

(ii)         there
shall not have occurred any change, or any development involving a prospective change, in the condition, financial or otherwise,
or in the earnings, business or operations of the Company and its subsidiaries, taken as a whole, from that set forth in the Time
of Sale Memorandum provided to the prospective purchasers of the Securities that, in your judgment, is material and adverse and
that makes it, in your judgment, impracticable to market the Securities on the terms and in the manner contemplated in the Time
of Sale Memorandum.

 

(b)          The
representations and warranties of the Company and the Guarantors contained in this Agreement shall be true and correct on and as
of the Time of Sale and on and as of the Closing Date as if made on and as of the Closing Date; the statements of the Company’s
officers made pursuant to any certificate delivered in accordance with the provisions hereof shall be true and correct on and as
of the date made and on and as of the Closing Date; the Company and the Guarantors shall have performed all covenants and agreements
and satisfied all conditions on its/their part to be performed or satisfied hereunder at or prior to the Closing Date.

 

    	 	14	 

     

    

 

(c)          The
Initial Purchasers shall have received on the Closing Date a certificate, dated the Closing Date and signed by the Chief Executive
Officer or President of the Company and each Guarantor and the Chief Financial Officer or Chief Accounting Officer of the Company
and each Guarantor to the effect set forth in Section 5(a)(i) and 5(a)(ii), and further to the effect that the representations
and warranties of the Company and the Guarantors contained in this Agreement were true and correct as of the Time of Sale and are
true and correct as of the Closing Date; that the Company and the Guarantors have complied with all of the agreements and satisfied
all of the conditions on their part to be performed or satisfied hereunder on or before the Closing Date. Each of the executive
officers signing and delivering such certificates may rely upon the best of his or her knowledge as to proceedings threatened.

 

(d)          The
Initial Purchasers shall have received on the Closing Date an opinion and negative assurance letter of Hogan Lovells US LLP, outside
counsel for the Company and each of the Guarantors listed on Schedule III-A hereto, each dated the Closing Date and each in form
and substance satisfactory to the Initial Purchasers.

 

(e)          The
Initial Purchasers shall have received on the Closing Date an opinion of each of Rose Law Firm and Quarles & Brady LLP, each
in its capacity as outside counsel for the Guarantors listed on Schedule III-B and Schedule III-C hereto, respectively, each dated
the Closing Date and each in form and substance satisfactory to the Initial Purchasers.

 

(f)          The
Initial Purchasers shall have received on the Closing Date an opinion of Erin Roth, Senior Vice President and General Counsel for
the Company, dated the Closing Date, substantially in the form attached hereto as Exhibit A.

 

(g)          The
Initial Purchasers shall have received on the Closing Date an opinion and negative assurance letter of Davis Polk & Wardwell
LLP, counsel for the Initial Purchasers, dated the Closing Date, with respect to such matters as may be reasonably requested by
the Initial Purchasers.

 

(h)          On
the date hereof, the Initial Purchasers shall have received from Ernst & Young LLP, the independent registered public accounting
firm for the Company, a “comfort letter” dated the date hereof addressed to the Initial Purchasers, in form and substance
satisfactory to the Representatives, covering the financial information of the Company and pro forma financial information contained
in or incorporated by reference into the Time of Sale Memorandum and other customary matters. In addition, on the Closing Date,
the Initial Purchasers shall have received from such accountants a “bring-down comfort letter” dated the Closing Date
addressed to the Initial Purchasers, in form and substance satisfactory to the Representatives, in the form of the “comfort
letter” delivered on the date hereof, except that (i) it shall cover the financial information in the Final Memorandum and
any amendment or supplement thereto and (ii) procedures shall be brought down to a date no more than 3 days prior to the Closing
Date.

 

    	 	15	 

     

    

 

(i)          On
the date hereof, the Initial Purchasers shall have received from Crowe Horwath LLP, the independent registered public accounting
firm for the Target, a “comfort letter” dated the date hereof addressed to the Initial Purchasers, in form and substance
satisfactory to the Representatives, covering the financial information of the Target contained in or incorporated by reference
into the Time of Sale Memorandum and other customary matters. In addition, on the Closing Date, the Initial Purchasers shall have
received from such accountants a “bring-down comfort letter” dated the Closing Date addressed to the Initial Purchasers,
in form and substance satisfactory to the Representatives, in the form of the “comfort letter” delivered on the date
hereof, except that (i) it shall cover the financial information in the Final Memorandum and any amendment or supplement thereto
and (ii) procedures shall be brought down to a date no more than 3 days prior to the Closing Date.

 

(j)          The
Company and the Guarantors shall have executed and delivered the Indenture, in form and substance reasonably satisfactory to the
Initial Purchasers, and the Initial Purchasers shall have received executed copies thereof.

 

(k)          The
sale of the Securities shall not be enjoined (temporarily or permanently) on the Closing Date.

 

(l)          On
or before the Closing Date, the Initial Purchasers and counsel for the Initial Purchasers shall have received such information,
documents, letters and opinions as they may reasonably require for the purposes of enabling them to pass upon the issuance and
sale of the Securities as contemplated herein, or in order to evidence the accuracy of any of the representations and warranties,
or the satisfaction of any of the conditions or agreements, herein contained.

 

If any condition specified in this Section 5
is not satisfied when and as required to be satisfied, this Agreement may be terminated by the Representatives by notice to the
Company at any time on or prior to the Closing Date, which termination shall be without liability on the part of any party to any
other party, except that Sections 6(g), 8 and 11 hereof shall at all times be effective and shall survive such termination.

 

6.             Covenants
of the Company. Each of the Company and the Guarantors covenants with each Initial Purchaser as follows:

 

(a)          To
furnish to you in New York City, without charge, as promptly as practicable following the Time of Sale and in any event not later
than the second business day following the date hereof and during the period mentioned in Section 6(d) or (e), as many copies
of the Time of Sale Memorandum, the Final Memorandum, any documents incorporated by reference therein and any supplements and amendments
thereto as you may reasonably request.

 

    	 	16	 

     

    

 

(b)          Before
amending or supplementing the Preliminary Memorandum, the Time of Sale Memorandum or the Final Memorandum, to furnish to you a
copy of each such proposed amendment or supplement and not to use any such proposed amendment or supplement to which you reasonably
object; provided that the Company shall have the right to file with the Commission any report required to be filed by the
Company under the Exchange Act no later than the time period required by the Exchange Act.

 

(c)          To
furnish to you a copy of each proposed Additional Written Offering Communication to be prepared by or on behalf of, used by, or
referred to by the Company and not to use or refer to any proposed Additional Written Offering Communication to which you reasonably
object.

 

(d)          If
the Time of Sale Memorandum is being used to solicit offers to buy the Securities at a time when the Final Memorandum is not yet
available to prospective purchasers and any event shall occur or condition exist as a result of which it is necessary to amend
or supplement the Time of Sale Memorandum in order to make the statements therein, in the light of the circumstances under which
they are made, not misleading or if, in the judgment of the Representatives or counsel for the Initial Purchasers, it is necessary
to amend or supplement the Time of Sale Memorandum to comply with applicable law, forthwith to prepare and furnish, at its own
expense, to the Initial Purchasers and to any dealer upon request, either amendments or supplements to the Time of Sale Memorandum
so that the statements in the Time of Sale Memorandum as so amended or supplemented will not, in the light of the circumstances
under which they are made, when delivered to a Subsequent Purchaser, be misleading or so that the Time of Sale Memorandum, as amended
or supplemented, will comply with applicable law.

 

(e)          If,
during such period after the date hereof and prior to the date on which all of the Securities shall have been sold by the Initial
Purchasers, any event shall occur or condition exist as a result of which it is necessary to amend or supplement the Final Memorandum
in order to make the statements therein, in the light of the circumstances under which they are made, not misleading or if, in
the judgment of the Representatives or counsel for the Initial Purchasers, it is necessary to amend or supplement the Final Memorandum
to comply with applicable law, forthwith to prepare and furnish, at its own expense, to the Initial Purchasers, either amendments
or supplements to the Final Memorandum so that the statements in the Final Memorandum as so amended or supplemented will not, in
the light of the circumstances under which they are made, when delivered to a Subsequent Purchaser, be misleading or so that the
Final Memorandum, as amended or supplemented, will comply with applicable law.

 

    	 	17	 

     

    

 

(f)          (i)
To cooperate with the Representatives and counsel for the Initial Purchasers to qualify (or to obtain exemptions from) all or any
part of the Securities for offer and sale under the securities laws of the several states of the United States, the provinces of
Canada or any other jurisdictions designated by the Initial Purchasers, and to comply with such laws and to continue such qualifications
and exemptions in effect so long as required for the distribution of the Securities and (ii) to advise the Representatives promptly
of the suspension of the qualification of (or any such exemption relating to) the Securities for offering, sale or trading in any
jurisdiction or any initiation or threat of any proceeding for any such purpose, and in the event of the issuance of any order
suspending such qualification or exemption, to use its commercially reasonable efforts to obtain the withdrawal thereof at the
earliest possible moment. Notwithstanding the foregoing, none of the Company or any of the Guarantors shall be required to qualify
as a foreign corporation or to take any action that would subject it to general service of process in any such jurisdiction where
it is not presently qualified or where it would be subject to taxation as a foreign corporation.

 

(g)          Whether
or not the transactions contemplated in this Agreement are consummated or this Agreement is terminated, to pay or cause to be paid
all expenses incident to the performance of its obligations under this Agreement, including: (i) the fees, disbursements and expenses
of the Company’s counsel and the Company’s accountants and the Target’s accountants and other advisors in connection
with the issuance and sale of the Securities and all other fees or expenses in connection with the issuance and sale of the Securities,
including, without limitation, in connection with the preparation, printing, filing, shipping and distribution of the Preliminary
Memorandum, the Time of Sale Memorandum, the Final Memorandum, any Additional Written Offering Communication and any amendments
and supplements to any of the foregoing, this Agreement, the Indenture and the Securities, including all printing costs associated
therewith, and the delivering of copies thereof to the Initial Purchasers, (ii) all costs and expenses related to the transfer
and delivery of the Securities to the Initial Purchasers, including any transfer or other taxes payable thereon, (iii) the cost
of printing or producing any Blue Sky or legal investment memorandum in connection with the offer and sale of the Securities under
state securities laws and all expenses in connection with the qualification of the Securities for offer and sale under state securities
laws as provided in Section 6(f) hereof, including filing fees and the reasonable fees and disbursements of counsel for the Initial
Purchasers in connection with such qualification and in connection with the Blue Sky or legal investment memorandum, provided that
such costs, expenses and fees for any Blue Sky or Legal Investment memorandum do not exceed $5,000, (iv) any fees charged by rating
agencies for the rating of the Securities, (v) the fees and expenses, if any, incurred in connection with the admission of the
Securities for trading any appropriate market system, (vi) the costs and charges of the Trustee and any transfer agent, registrar
or depositary, (vii) the cost of the preparation, issuance and delivery of the Securities, (viii) the costs and expenses of the
Company relating to investor presentations on any “road show” undertaken in connection with the marketing of the offering
of the Securities including, without limitation, expenses associated with the preparation or dissemination of any electronic road
show, expenses associated with production of road show slides and graphics, fees and expenses of any consultants engaged in connection
with the road show presentations with the prior approval of the Company, travel and lodging expenses of the representatives and
officers of the Company and any such consultants, and 50% of the cost of any aircraft chartered in connection with the road show,
(ix) the document production charges and expenses associated with printing this Agreement and (x) all other cost and expenses incident
to the performance of the obligations of the Company hereunder for which provision is not otherwise made in this Section. It is
understood, however, that except as provided in this Section, Section 8, and the last paragraph of Section 11, the Initial
Purchasers will pay all of their costs and expenses, including fees and disbursements of their counsel, transfer taxes payable
on resale of any of the Securities by them and any advertising expenses connected with any offers they may make.

 

    	 	18	 

     

    

 

(h)          Neither
the Company nor any Affiliate will sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security
(as defined in the Securities Act) which if, as a result of the doctrine of “integration” referred to in Rule 502 under
the Securities Act, such offer or sale would render invalid (for the purpose of (i) the sale of the Securities by the Company to
the Initial Purchasers or (ii) the resale of the Securities by the Initial Purchasers to the Subsequent Purchasers) the exemption
from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof or by Rule 144A or by Regulation S
thereunder.

 

(i)          Not
to solicit any offer to buy or offer to sell the Securities by means of any form of general solicitation or general advertising
(as those terms are used in Regulation D under the Securities Act) or in any manner involving a public offering within the meaning
of Section 4(a)(2) of the Securities Act.

 

(j)          (i)
For so long as any of the Securities remain outstanding, to furnish to the Initial Purchasers copies of all reports and other communications
(financial or otherwise) furnished by the Company to the Trustee or to the holders of the Securities; provided, however,
that the filing of any such reports or other communications with EDGAR shall satisfy the requirements of this provision; (ii) prior
to the Closing Date, to furnish to the Initial Purchasers, as soon as they have been prepared, a copy of any audited annual financial
statements or unaudited interim financial statements of the Company for any period subsequent to the period covered by the most
recent financial statements appearing in the Time of Sale Memorandum and the Final Memorandum; and (iii) while any of the Securities
remain restricted, to make available, upon request, to any holder of such Securities and any prospective purchasers thereof the
information specified in Rule 144A(d)(4) under the Securities Act, unless at such time the Company shall be subject to Section
13 or 15(d) of the Exchange Act and shall have filed all reports required to be filed pursuant to such Sections and the related
rules and regulations of the Commission.

 

    	 	19	 

     

    

 

(k)          During
the period of one year after the Closing Date, the Company will not be, nor will it become, an open-end investment company, unit
investment trust or face-amount certificate company that is or is required to be registered under Section 8 of the Investment Company
Act.

 

(l)          None
of the Company, its Affiliates or any person acting on its or their behalf (other than the Initial Purchasers) will engage in any
directed selling efforts (as that term is defined in Regulation S) with respect to the Securities, and the Company and its Affiliates
and each person acting on its or their behalf (other than the Initial Purchasers) will comply with the offering restrictions requirement
of Regulation S.

 

(m)          The
Company will not, and will not permit any person that is an affiliate (as defined in Rule 144 under the Securities Act) at such
time (or has been an affiliate within the three months preceding such time) to, resell any of the Securities that have been acquired
by any of them.

 

(n)          Not
to take any action prohibited by Regulation M under the Exchange Act in connection with the distribution of the Securities contemplated
hereby.

 

(o)          To
apply the net proceeds from the sale of the Securities in the manner described under the caption “Use of Proceeds”
in the Time of Sale Memorandum and the Final Memorandum.

 

(p)          During
the period of 90 days following the date hereof, the Company will not and will not permit any of its subsidiaries to, without the
prior written consent of Morgan Stanley & Co. LLC (which consent may be withheld at the sole discretion of Morgan Stanley &
Co. LLC), directly or indirectly, sell, offer, contract or grant any option to sell, pledge, transfer or establish an open “put
equivalent position” within the meaning of Rule 16a-1 under the Exchange Act, or otherwise dispose of or transfer, or announce
the offering of, or file any registration statement under the Securities Act in respect of, any debt securities of the Company
or any subsidiary of the Company or securities exchangeable for or convertible into debt securities of the Company or any subsidiary
of the Company (other than as contemplated by this Agreement).

 

7.              Offering
of Securities; Restrictions on Transfer. (a) Each Initial Purchaser, severally and not jointly, represents and warrants to
that such Initial Purchaser is a qualified institutional buyer as defined in Rule 144A under the Securities Act (a “QIB”).
Each Initial Purchaser, severally and not jointly, agrees with the Company that (i) it will not solicit offers for, or offer or
sell, such Securities by any form of general solicitation or general advertising (as those terms are used in Regulation D under
the Securities Act) or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act, (ii)
it will sell such Securities in the United States only to persons that it reasonably believes to be QIBs, and (iii) in the case
of offers outside the United States it will solicit offers for such Securities only from, and will offer such Securities only to,
persons that it reasonably believes to be persons other than U.S. persons (“foreign purchasers,” which term
shall include dealers or other professional fiduciaries in the United States acting on a discretionary basis for foreign beneficial
owners (other than an estate or trust)) in reliance upon Regulation S under the Securities Act that, in each case, in purchasing
such Securities are deemed to have represented and agreed as provided in the Final Memorandum under the caption “Notice to
Investors”.

 

    	 	20	 

     

    

 

(b)          Each
Initial Purchaser, severally and not jointly, represents, warrants, and agrees (on behalf of itself and any person acting on their
behalf) with respect to offers and sales outside the United States that:

 

(i)          such
Initial Purchaser understands that no action has been or will be taken in any jurisdiction by the Company that would permit a public
offering of the Securities, or possession or distribution of the Preliminary Memorandum, the Time of Sale Memorandum, the Final
Memorandum or any other offering or publicity material relating to the Securities, in any country or jurisdiction where action
for that purpose is required;

 

(ii)         such
Initial Purchaser will comply with all applicable laws and regulations in each jurisdiction in which it acquires, offers, sells
or delivers Securities or has in its possession or distributes the Preliminary Memorandum, the Time of Sale Memorandum, the Final
Memorandum or any such other material, in all cases at its own expense;

 

(iii)        the
Securities have not been registered under the Securities Act and may not be offered or sold within the United States or to, or
for the account or benefit of, U.S. persons except in accordance with Rule 144A or Regulation S under the Securities Act;

 

(iv)        such
Initial Purchaser has offered the Securities and will offer and sell the Securities (A) as part of its distribution at any time
and (B) otherwise until 40 days after the later of the commencement of the offering and the Closing Date, only in accordance with
Rule 903 of Regulation S or as otherwise permitted in Section 7(a); accordingly, neither such Initial Purchaser, its Affiliates
nor any persons acting on its or their behalf have engaged or will engage in any directed selling efforts (within the meaning of
Regulation S) with respect to the Securities, and any such Initial Purchaser, its Affiliates and any such persons have complied
and will comply with the offering restrictions requirement of Regulation S;

 

(v)         such
Initial Purchaser, in relation to each Member State of the European Economic Area which has implemented the Prospectus Directive
(each, a “Relevant Member State”), has represented and agreed that with effect from and including the date on
which the Prospectus Directive is implemented in that Relevant Member State it has not made and will not make an offer of Securities
to the public in that Relevant Member State, other than:

 

    	 	21	 

     

    

 

(A)         to
any legal entity which is a qualified investor as defined in the Prospectus Directive;

 

(B)         to
fewer than 100 or, if the Relevant Member State has implemented the relevant provision of the 2010 PD Amending Directive, 150,
natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under the Prospectus
Directive, subject to obtaining the prior consent of Morgan Stanley & Co. LLC on behalf of the Initial Purchasers for any such
offer; or

 

(C)         in
any other circumstances falling within Article 3 of the Prospectus Directive, provided that no such offer of Securities shall require
the Company or any Initial Purchaser to publish a prospectus pursuant to Article 3 of the Prospectus Directive.

 

For the purposes of the above, the expression an “offer of
Securities to the public” in relation to any Securities in any Relevant Member State means the communication in any form
and by any means of sufficient information on the terms of the offer and the Securities to be offered so as to enable an investor
to decide to purchase or subscribe for the Securities, as the same may be varied in that Member State by any measure implementing
the Prospectus Directive in that Member State, the expression “Prospectus Directive” means Directive 2003/71/EC (and
amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes
any relevant implementing measure in that Member State, and the expression “2010 PD Amending Directive” means Directive
3010/73/EU.

 

(vi)        such
Initial Purchaser has represented and agreed that it has only communicated or caused to be communicated and will only communicate
or cause to be communicated an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the
Financial Services and Markets Act 2000) received by it in connection with the issue or sale of the Securities in circumstances
in which Section 21(1) of such Act does not apply to us and it has complied and will comply with all applicable provisions of such
Act with respect to anything done by it in relation to any Securities in, from or otherwise involving the United Kingdom;

 

(vii)       such
Initial Purchaser understands that the Securities have not been and will not be registered under the Securities and Exchange Law
of Japan, and represents that it has not offered or sold, and agrees not to offer or sell, directly or indirectly, any Securities
in Japan or for the account of any resident thereof except pursuant to any exemption from the registration requirements of the
Securities and Exchange Law of Japan and otherwise in compliance with applicable provisions of Japanese law; and

 

    	 	22	 

     

    

 

(viii)      such
Initial Purchaser agrees that, at or prior to confirmation of sales of the Securities, it will have sent to each distributor, dealer
or person receiving a selling concession, fee or other remuneration that purchases Securities from it during the restricted period
a confirmation or notice to substantially the following effect:

 

“The Securities covered hereby
have not been registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered and sold
within the United States or to, or for the account or benefit of, U.S. persons (i) as part of their distribution at any time or
(ii) otherwise until 40 days after the later of the commencement of the offering and the Closing Date, except in either case in
accordance with Regulation S (or Rule 144A if available) under the Securities Act. Terms used above have the meaning given to them
by Regulation S.”

 

Terms used in this Section 7(b) have the meanings given to
them by Regulation S.

 

8.             Indemnity
and Contribution. (a) Each of the Company and the Guarantors, jointly and severally, agrees to indemnify and hold harmless
each Initial Purchaser, its directors and officers and each person, if any, who controls any Initial Purchaser within the meaning
of either Section 15 of the Securities Act or Section 20 of the Exchange Act, and each affiliate of each Initial Purchaser within
the meaning of Rule 405 under the Securities Act from and against any and all losses, claims, damages and liabilities (including,
without limitation, any legal or other expenses reasonably incurred in connection with defending or investigating any such action
or claim, as such expenses are incurred) caused by any untrue statement or alleged untrue statement of a material fact contained
in the Preliminary Memorandum, the Time of Sale Memorandum, any Additional Written Offering Communication prepared by or on behalf
of, used by, or referred to by the Company, or the Final Memorandum or any amendment or supplement thereto, or caused by any omission
or alleged omission to state therein a material fact necessary to make the statements therein in the light of the circumstances
under which they were made not misleading, except insofar as such losses, claims, damages or liabilities are caused by any such
untrue statement or omission or alleged untrue statement or omission based upon information relating to any Initial Purchaser furnished
to the Company by such Initial Purchaser through the Representatives expressly for use in the Preliminary Memorandum, the Pricing
Supplement, any Additional Written Offering Communication or the Final Memorandum (or any amendment or supplement thereto). The
indemnity agreement set forth in this Section 8(a) shall be in addition to any liabilities that the Company and the Guarantors
may otherwise have.

 

    	 	23	 

     

    

 

(b)          Each
Initial Purchaser agrees, severally and not jointly, to indemnify and hold harmless the Company, each Guarantor, each of their
respective directors, officers and each person, if any, who controls the Company or any Guarantor within the meaning of either
Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the foregoing indemnity from the Company
to such Initial Purchaser, but only with reference to information relating to such Initial Purchaser furnished to the Company by
such Initial Purchaser through the Representatives expressly for use in the Preliminary Memorandum, the Pricing Supplement, any
Additional Written Offering Communication or the Final Memorandum (or any amendment or supplement thereto). Each of the Company
and the Guarantors hereby acknowledges that the only information that the Initial Purchasers through the Representatives have furnished
to the Company expressly for use in the Preliminary Memorandum, the Time of Sale Memorandum, any Additional Written Communication
set forth in Schedule II hereto or the Final Memorandum (or any amendment or supplement thereto) are the statements set forth in
the first five sentences of the fourth paragraph and the third and fourth sentences of the seventh paragraph under the caption “Plan of Distribution” in the Preliminary Memorandum and the Final Memorandum.
The indemnity agreement set forth in this Section 8(b) shall be in addition to any liabilities that each Initial Purchaser
may otherwise have.

 

(c)          In
case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity
may be sought pursuant to Section 8(a) or 8(b), such person (the “indemnified party”) shall promptly notify
the person against whom such indemnity may be sought (the “indemnifying party”) in writing; provided, however,
that the failure to so notify the indemnifying party will not relieve it from any liability which it may have to any indemnified
party under this Section 8 except to the extent that it has been materially prejudiced by such failure (through the forfeiture
of substantive rights and defenses). The indemnifying party, upon request of the indemnified party, shall retain counsel reasonably
satisfactory to the indemnified party to represent the indemnified party and any others the indemnifying party may designate in
such proceeding and shall pay the reasonably incurred fees and disbursements of such counsel related to such proceeding. In any
such proceeding, any indemnified party shall have the right to retain its own counsel, but the fees and expenses of such counsel
shall be at the expense of such indemnified party unless (i) the indemnifying party and the indemnified party shall have mutually
agreed to the retention of such counsel, (ii) the indemnifying party has failed within a reasonable time to retain counsel
reasonably satisfactory to the indemnified party, or (iii) the named parties to any such proceeding (including any impleaded parties)
include both the indemnifying party and the indemnified party and representation of both parties by the same counsel would be inappropriate
due to actual or potential differing interests between them. It is understood that the indemnifying party shall not, in respect
of the legal expenses of any indemnified party in connection with any proceeding or related proceedings in the same jurisdiction,
be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all such indemnified
parties and that all such fees and expenses shall be reimbursed as they are incurred. Such firm shall be designated in writing
by Morgan Stanley & Co. LLC, in the case of parties indemnified pursuant to Section 8(a), and by the Company, in the case
of parties indemnified pursuant to Section 8(b). The indemnifying party shall not be liable for any settlement of any proceeding
effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying
party agrees to indemnify the indemnified party from and against any loss, damage, liability or reasonable expense by reason of
such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an
indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by the second and third
sentences of this paragraph, the indemnifying party agrees that it shall be liable for any settlement of any proceeding effected
without its written consent if (i) such settlement is entered into more than 30 days after receipt by such indemnifying party of
the aforesaid request and (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such
request prior to the date of such settlement. No indemnifying party shall, without the prior written consent of the indemnified
party, effect any settlement of any pending or threatened proceeding in respect of which any indemnified party is or could have
been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional
release of such indemnified party from all liability on claims that are the subject matter of such proceeding and does not include
any statements as to or any findings of fault, culpability or failure to act by or on behalf of any indemnified party.

 

    	 	24	 

     

    

 

(d)          To
the extent the indemnification provided for in Section 8(a) or 8(b) is unavailable to an indemnified party or insufficient
in respect of any losses, claims, damages, liabilities or reasonable expenses referred to therein, then each indemnifying party
under such paragraph, in lieu of indemnifying such indemnified party thereunder, shall contribute to the amount paid or payable
by such indemnified party as a result of such losses, claims, damages, liabilities or reasonable expenses (i) in such proportion
as is appropriate to reflect the relative benefits received by the Company and the Guarantors on the one hand and the Initial Purchasers
on the other hand from the offering of the Securities or (ii) if the allocation provided by clause 8(d)(i) above is not permitted
by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause 8(d)(i)
above but also the relative fault of the Company and the Guarantors on the one hand and of the Initial Purchasers on the other
hand in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any
other relevant equitable considerations. The relative benefits received by the Company and the Guarantors on the one hand and the
Initial Purchasers on the other hand in connection with the offering of the Securities shall be deemed to be in the same respective
proportions as the net proceeds from the offering of the Securities (before deducting expenses) received by the Company and the
total discounts and commissions received by the Initial Purchasers bear to the aggregate offering price of the Securities. The
relative fault of the Company and the Guarantors on the one hand and of the Initial Purchasers on the other hand shall be determined
by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company or the Guarantors, or by the Initial Purchasers,
and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. The Initial Purchasers’ respective obligations to contribute pursuant to this Section 8 are several in proportion
to the respective principal amount of Securities they have purchased hereunder as set forth opposite their names in Schedule I
hereto, and not joint.

 

    	 	25	 

     

    

 

(e)          The
Company and the Guarantors and the Initial Purchasers agree that it would not be just or equitable if contribution pursuant to
Section 8(d) were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for
such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8(d).
The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in Section 8(d)
shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such
indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this
subsection (e), no Initial Purchaser shall be obligated to make contributions hereunder that in the aggregate exceed the total
discounts, commissions and other compensation received by such Initial Purchaser under this Agreement, less the aggregate amount
of any damages that such Initial Purchaser has otherwise been required to pay by reason of such untrue or alleged untrue statement
or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided
for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any
indemnified party at law or in equity.

 

(f)          The
indemnity and contribution provisions contained in this Section 8 and the representations, warranties and other statements
of the Company contained in this Agreement shall remain operative and in full force and effect regardless of (i) any termination
of this Agreement, (ii) any investigation made by or on behalf of any Initial Purchaser, any person controlling any Initial Purchaser
or any affiliate of any Initial Purchaser or by or on behalf of the Company, its officers or directors or any person controlling
the Company and (iii) acceptance of and payment for any of the Securities.

 

9.             Termination.
The Initial Purchasers may terminate this Agreement by notice given by you to the Company, if after the execution and delivery
of this Agreement and prior to the Closing Date (i) trading generally shall have been suspended or materially limited on, or by,
as the case may be, any of the New York Stock Exchange, the NYSE MKT or the NASDAQ Global Market, (ii) trading of any securities
of the Company shall have been suspended on any exchange or in any over the counter market, (iii) a material disruption in securities
settlement, payment or clearance services in the United States or other relevant jurisdiction shall have occurred, (iv) any moratorium
on commercial banking activities shall have been declared by Federal or New York State or relevant foreign country authorities
or (v) there shall have occurred any outbreak or escalation of hostilities, or any change in financial markets, currency exchange
rates or controls or any calamity or crisis that, in your judgment, is material and adverse and which, singly or together with
any other event specified in this clause (v), makes it, in your judgment, impracticable or inadvisable to proceed with the offer,
sale or delivery of the Securities on the terms and in the manner contemplated in the Time of Sale Memorandum or the Final Memorandum.

 

    	 	26	 

     

    

 

10.            Effectiveness;
Defaulting Initial Purchasers. This Agreement shall become effective upon the execution and delivery hereof by the parties
hereto.

 

If, on the Closing Date, any one or more of
the Initial Purchasers shall fail or refuse to purchase Securities that it has or they have agreed to purchase hereunder on such
date, and the aggregate principal amount of Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but
failed or refused to purchase is not more than one-tenth of the aggregate principal amount of Securities to be purchased on such
date, the other Initial Purchasers shall be obligated severally in the proportions that the principal amount of Securities set
forth opposite their respective names in Schedule I bears to the aggregate principal amount of Securities set forth opposite
the names of all such non-defaulting Initial Purchasers, or in such other proportions as may be specified by the Representatives
with the consent of the non-defaulting Initial Purchasers, to purchase the Securities which such defaulting Initial Purchaser or
Initial Purchasers agreed but failed or refused to purchase on the Closing Date; provided that in no event shall the principal
amount of Securities that any Initial Purchaser has agreed to purchase pursuant to this Agreement be increased pursuant to this
Section 10 by an amount in excess of one-ninth of such principal amount of Securities without the written consent of such
Initial Purchaser. If, on the Closing Date any Initial Purchaser or Initial Purchasers shall fail or refuse to purchase Securities
which it has or they have agreed to purchase hereunder on such date and the aggregate principal amount of Securities with respect
to which such default occurs is more than one-tenth of the aggregate principal amount of Securities to be purchased on the Closing
Date, and arrangements satisfactory to the non-defaulting Initial Purchasers and the Company for the purchase of such Securities
are not made within 36 hours after such default, this Agreement shall terminate without liability on the part of any non-defaulting
Initial Purchaser or of the Company or any Guarantor except that the provisions of Sections 6(g), 8 and 11 hereof shall at
all times be effective and shall survive such termination. In any such case either the Representatives or the Company shall have
the right to postpone the Closing Date, but in no event for longer than seven days, in order that the required changes, if any,
in the Time of Sale Memorandum, the Final Memorandum or in any other documents or arrangements may be effected. As used in this
Agreement, the term “Initial Purchaser” shall be deemed to include any person substituted for a defaulting Initial
Purchaser under this Section 10. Any action taken under this paragraph shall not relieve any defaulting Initial Purchaser
from liability in respect of any default of such Initial Purchaser under this Agreement.

 

    	 	27	 

     

    

 

11.           Reimbursement
of the Expenses of the Initial Purchasers. If this Agreement shall be terminated by the Representatives pursuant to Section 9
or because of any failure or refusal on the part of the Company to comply with the terms or to fulfill any of the conditions of
this Agreement, or if for any reason the Company shall be unable to perform its obligations under this Agreement, the Company will
reimburse the Initial Purchasers, severally, upon demand for all documented out of pocket expenses (including the fees and disbursements
of their counsel) reasonably incurred by such Initial Purchasers in connection with this Agreement or the offering contemplated
hereunder.

 

12.           Entire
Agreement. (a) This Agreement and that certain engagement agreement executed by the parties, together with any contemporaneous
written agreements that relate to the offering of the Securities, represents the entire agreement between the Company and the Initial
Purchasers with respect to the preparation of the Preliminary Memorandum, the Time of Sale Memorandum, the Final Memorandum, the
conduct of the offering, and the purchase and sale of the Securities.

 

(b)          This
Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company, the Guarantors and
the Initial Purchasers, or any of them, with respect to the subject matter hereof.

 

(c)          The
Company acknowledges that in connection with the offering of the Securities: (i) the Initial Purchasers have acted at arm’s
length, are not agents of, and owe no fiduciary duties to, the Company, the Guarantors or any other person, (ii) the Initial Purchasers
owe the Company only those duties and obligations set forth in this Agreement and prior written agreements (to the extent not superseded
by this Agreement) if any, (iii) the Initial Purchasers may have interests that differ from those of the Company and the Guarantors,
and (iv) the Initial Purchasers have not provided any legal, accounting, regulatory or tax advice with respect to the offering
contemplated hereby, and the Company and the Guarantors have consulted their own legal, accounting, regulatory and tax advisors
to the extent they deemed appropriate. The Company and the Guarantors waive to the full extent permitted by applicable law any
claims they may have against the Initial Purchasers arising from an alleged breach of fiduciary duty in connection with the offering
of the Securities.

 

13.           Counterparts.
This Agreement may be signed in two or more counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by
telecopier, facsimile or other electronic transmission (i.e., a “pdf” or “tif”) shall be effective as delivery
of a manually executed counterpart thereof.

 

14.           Successors.
This Agreement will inure to the benefit of and be binding upon the parties hereto, and to the benefit of the indemnified parties
referred to in Section 8 hereof, and in each case their respective successors, and no other person will have any right or
obligation hereunder. The term “successors” shall not include any Subsequent Purchaser or other purchaser of the Securities
as such from any of the Initial Purchasers merely by reason of such purchase.

 

    	 	28	 

     

    

 

15.           Partial
Unenforceability. The invalidity or unenforceability of any section, paragraph or provision of this Agreement shall not affect
the validity or enforceability of any other section, paragraph or provision hereof. If any section, paragraph or provision of this
Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor changes (and
only such minor changes) as are necessary to make it valid and enforceable.

 

16.           Authority
of the Representatives. Any action by the Initial Purchasers hereunder may be taken by the Representatives on behalf of the
Initial Purchasers, and any such action taken by the Representatives shall be binding upon the Initial Purchasers.

 

17.           Applicable
Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York.

 

(a)          Any
legal suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby (“Related
Proceedings”) may be instituted in the federal courts of the United States of America located in the City and County
of New York or the courts of the State of New York in each case located in the City and County of New York (collectively, the “Specified
Courts”), and each party irrevocably submits to the exclusive jurisdiction (except for suits, actions, or proceedings
instituted in regard to the enforcement of a judgment of any Specified Court in a Related Proceeding (a “Related Judgment”),
as to which such jurisdiction is non-exclusive) of the Specified Courts in any Related Proceeding. Service of any process, summons,
notice or document by mail to such party’s address set forth above shall be effective service of process for any Related
Proceeding brought in any Specified Court. The parties irrevocably and unconditionally waive any objection to the laying of venue
of any Specified Proceeding in the Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim in
any Specified Court that any Related Proceeding brought in any Specified Court has been brought in an inconvenient forum. Each
party not located in the United States irrevocably appoints CT Corporation System as its agent to receive service of process or
other legal summons for purposes of any Related Proceeding that may be instituted in any Specified Court.

 

18.           Headings.
The headings of the sections of this Agreement have been inserted for convenience of reference only and shall not be deemed a part
of this Agreement.

 

19.           Notices.
All communications hereunder shall be in writing and effective only upon receipt and if to the Initial Purchasers shall be delivered,
mailed or sent to you in care of Morgan Stanley & Co. LLC, at 1585 Broadway, New York, New York 10036, Attention: High Yield
Syndicate Desk and Wells Fargo Securities, LLC, 550 South Tryon Street, Charlotte, NC 28202, Attention: Equity Syndicate Department,
with a copy to the Legal Department; and if to the Company shall be delivered, mailed or sent to Wabash National Corporation, 100
Sagamore Parkway South, Lafayette, Indiana 47905, Attention: Chief Financial Officer, with a copy to Hogan Lovells US LLP, 100
International Drive, Suite 2000, Baltimore, Maryland 21202, Attention: Michael Silver and William Intner.

 

[Signature Pages Follow]

 

    	 	29	 

     

    

 

If the foregoing is in accordance with your
understanding of our agreement, kindly sign and return to the Company the enclosed copies hereof, whereupon this instrument, along
with all counterparts hereof, shall become a binding agreement in accordance with its terms.

 

	 	Very truly yours,
	 	 
	 	WABASH NATIONAL CORPORATION
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   SVP - Chief Financial Officer

 

	 	CONTINENTAL TRANSIT CORPORATION
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer

 

	 	BRENNER TANK LLC
	 	 
	 	By:	/s/ Jeffery L. Taylor 
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer
	 	 
	 	BRENNER TANK SERVICES LLC
	 	 
	 	By:	/s/ Jeffery L. Taylor 
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer
	 	 
	 	WABASH WOOD PRODUCTS, INC.
	 	 
	 	By:	/s/ Jeffery L. Taylor 
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   VP - Treasurer

 

[Signature Page to Purchase Agreement]

 

     

     

    

 

	 	CLOUD OAK FLOORING COMPANY, INC.
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   VP - Treasurer
	 	 	 
	 	WABASH NATIONAL, L.P.
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer
	 	 	 
	 	TRANSCRAFT CORPORATION
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   VP - Treasurer
	 	 	 
	 	WABASH NATIONAL TRAILER CENTERS, INC.
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer
	 	 	 
	 	WABASH NATIONAL MANUFACTURING, L.P.
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   SVP - CFO of General Partner, Wabash National Corporation
	 	 	 
	 	WABASH NATIONAL SERVICES, L.P.
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer of its General Partner, Wabash National Trailer Centers, Inc.

 

[Signature Page to Purchase Agreement]

 

     

     

    

 

	 	FTSI DISTRIBUTION COMPANY, L.P.
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer of its General Partner, Wabash National Trailer Centers, Inc.

 

	 	NATIONAL TRAILER FUNDING, L.L.C.
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer of its sole member, Wabash National Trailer Centers, Inc.

 

	 	WALKER GROUP HOLDINGS LLC
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer

 

	 	GARSITE/PROGRESS LLC
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer

 

	 	WALKER STAINLESS EQUIPMENT COMPANY LLC
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer

 

	 	BULK SOLUTIONS LLC
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer

 

[Signature Page to Purchase Agreement]

 

     

     

    

 

	 	WABASH INTERNATIONAL HOLDINGS, INC.
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   VP - Treasurer

 

	 	WNC RECEIVABLES MANAGEMENT CORP.
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer

 

	 	WNC RECEIVABLES, LLC
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Manager

 

	 	WABASH FINANCING LLC
	 	 
	 	By:	/s/ Jeffery L. Taylor
	 	 	Name: Jeffery L. Taylor
	 	 	Title:   Treasurer, Manager

 

[Signature Page to Purchase Agreement]

 

     

     

    

 

	Accepted as of the date hereof	 
	 	 
	Morgan Stanley & Co. LLC	 
	Wells Fargo Securities, LLC	 
	 	 
	Acting severally on behalf of themselves and  as Representatives of the several Initial Purchasers  named in Schedule I hereto	 

 

	By:	MORGAN STANLEY & CO. LLC	 
	 	 	 
	By:	/s/ Chance Moreland	 
		Name: Chance Moreland	 
		Title:   Authorized Signatory	 

  

	By:	WELLS FARGO SECURITIES, LLC	 
	 	 	 
	By:	/s/ Scott Yarbrough
	 
		Name: Scott Yarbrough
	 
		Title:   Managing Director	 

 

[Signature Page to Purchase Agreement]

 

     

     

    

 

Schedule I

 

	Initial Purchaser	 	Principal Amount of
 Securities to be Purchased	 
	Morgan Stanley & Co. LLC	 	$	158,500,000	 
	Wells Fargo Securities, LLC	 	 	158,499,000	 
	BMO Capital Markets Corp.	 	 	2,667,000	 
	Citizens Capital Markets, Inc.	 	 	2,667,000	 
	PNC Capital Markets LLC	 	 	2,667,000	 
	 	 	 	 	 
	Total:	 	$	325,000,000	 

 

    	 	I-1	 

     

    

 

Schedule II

 

Permitted Communications

 

Time of Sale Memorandum

 

		1.	Preliminary Memorandum issued September 8, 2017

 

		2.	Pricing Supplement dated September 15, 2017

 

Permitted Additional Written Offering Communications

 

Each electronic “road show” as defined in Rule 433(h)
furnished to the Initial Purchasers prior to use that the Initial Purchasers and Company have agreed may be used in connection
with the offering of the Securities

 

    	 	II-1	 

     

    

 

Schedule III

 

		A.	Delaware and Texas Guarantors

 

	Name	 	Jurisdiction of Organization
	Wabash National, L.P.	 	DE
	Transcraft Corporation	 	DE
	Wabash National Trailer Centers, Inc.	 	DE
	Wabash National Manufacturing, L.P.	 	DE
	Wabash National Services, L.P.	 	DE
	FTSI Distribution Company, L.P.	 	DE
	National Trailer Funding, L.L.C.	 	DE
	Walker Group Holdings LLC	 	TX
	Garsite/Progress LLC	 	TX
	Walker Stainless Equipment Company LLC	 	DE
	Bulk Solutions LLC	 	TX
	Wabash International Holdings, Inc.	 	DE
	WNC Receivables Management Corp.	 	DE
	WNC Receivables, LLC 	 	DE
	Wabash Financing LLC 	 	DE

 

		B.	Arkansas Guarantors

 

	Name	 	Jurisdiction of Organization
	Wabash Wood Products, Inc.	 	AR
	Cloud Oak Flooring Company, Inc.	 	AR

 

		C.	Indiana and Wisconsin Guarantors

 

	Name	 	Jurisdiction of Organization
	Continental Transit Corporation	 	IN
	Brenner Tank LLC	 	WI
	Brenner Tank Services LLC	 	WI

 

    	 	III-1	 

     

    

 

EXHIBIT A

 

FORM OF OPINION OF ERIN ROTH, GENERAL COUNSEL

 

(i) The execution and delivery by the Company
and each Guarantor of, and their performance of their respective obligations under, the Agreement, the Indenture and the Securities,
as applicable, and the issuance and sale of the Securities do not (i) violate any court or administrative orders, judgments and
decrees naming the Company or any Guarantor of which I have knowledge, or (ii) breach or constitute a default under any of
the agreements and contracts of the Company or any Guarantor of which I have knowledge (except that I express no opinion with
respect any matters that would require a mathematical calculation or a financial or accounting determination). 

 

(ii) The statements relating to legal matters,
documents or proceedings included in “Item 3 – Legal Proceedings” in the 2016 10-K and “Part II –
Item 1 – Legal Proceedings” in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended June
30, 2017 fairly summarize in all material respects such matters, documents or proceedings.

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