Document:

Exhibit 10.1

 

Execution Version

 

BARCLAYS

745 Seventh Avenue

New York, NY 10019

 

CONFIDENTIAL

 

October 5, 2015

 

Skyworks Solutions, Inc.

20 Sylvan Road

Woburn, MA 01801

Attention:      Donald W. Palette

 

Project Princeton
 Commitment Letter

 

Ladies and Gentlemen:

 

You (the “Borrower” or “you”) have advised Barclays Bank PLC (“Barclays” and, together with any Additional Arrangers (as defined below) appointed in accordance with Section 2 below, “we”, “us” or the “Commitment Parties”) that you intend to consummate the Transactions described in the Transaction Description attached hereto as Exhibit A (the “Transaction Description”).  Capitalized terms used but not defined herein shall have the meanings assigned to them in the Transaction Description and the Summary of Principal Terms and Conditions attached hereto as Exhibit B (the “Term Sheet”; this commitment letter, the Transaction Description, the Term Sheet and the Summary of Additional Conditions attached hereto as Exhibit C, collectively, the “Commitment Letter”).

 

1.                                      Commitments.

 

In connection with the Transactions, Barclays is pleased to advise you of its commitment to provide 100% of the Term Facility (Barclays, together with any other initial lender that becomes a party hereto pursuant to Section 2 below is referred to herein as, an “Initial Lender” and, collectively, the “Initial Lenders”).

 

2.                                      Titles and Roles.

 

You hereby appoint Barclays to act and Barclays hereby agrees to act as (i) a lead arranger for the Term Facility (together with any other lead arranger, if any, appointed pursuant to this paragraph, each in such capacity a “Lead Arranger” and, collectively, the “Lead Arrangers”), (ii) a bookrunner for the Term Facility (together with any other joint bookrunner, if any, appointed pursuant to this paragraph, each in such capacity, a “Joint Bookrunner” and, collectively, the “Joint Bookrunners”), and (iii) sole administrative agent and collateral agent for the Term Facility (in such capacity, the “Administrative Agent”). It is further agreed that Barclays shall appear on the top left of any Information Materials (as defined below) and all other marketing materials in respect of the Term Facility and shall hold the roles and responsibility understood to be associated with such title and placement. You agree that no other agents, co-agents, arrangers, co-arrangers, bookrunners, co-bookrunners, managers or co-managers will be appointed, no other titles will be awarded and no compensation (other than compensation expressly

 

 

contemplated by this Commitment Letter and the Fee Letter referred to below) will be paid by you or any of your affiliates in connection with the Term Facility unless you and the Lead Arrangers shall so agree; provided that, at any time on or prior to the 15th calendar day following the date of this Commitment Letter, you may (in consultation with Barclays) appoint up to an aggregate of two joint lead arrangers and joint bookrunning managers and appoint additional agents or co-agents or confer other titles for the Facilities in consultation with Barclays (such additional lead arrangers and joint bookrunners, the “Additional Arrangers”); provided that, (i) such Additional Arrangers (or their affiliates) shall not be allocated more than 35% of the overall economics in the aggregate, (ii) each Additional Arranger’s aggregate commitment shall be allocated pro rata among the Tranches of the Term Facility, (iii) the commitments of Barclays hereunder will be reduced by the amount of the commitments of each Additional Arranger (or its relevant affiliate) under the applicable Tranche, upon the execution of customary joinder documentation satisfactory to Barclays, (iv) the commitments assumed by such Additional Arranger for the Term Facility will be in proportion to the economics allocated to such Additional Arranger in respect of the Term Facility and (v) no Additional Arrangers (nor any affiliate thereof) shall receive greater economics in respect of the Term Facility than that received by Barclays).

 

3.                                      Syndication.

 

The Lead Arrangers reserve the right, prior to and/or after the Closing Date (as defined below), to syndicate all or a portion of the Initial Lenders’ respective commitments hereunder to a group of banks, financial institutions and other institutional lenders and investors identified by the Lead Arrangers in consultation with you and reasonably acceptable to the Lead Arrangers and you (your consent not to be unreasonably withheld or delayed), including, without limitation, any relationship lenders designated by you and reasonably acceptable to the Lead Arrangers (such banks, financial institutions and other institutional lenders and investors, together with the Initial Lenders, the “Lenders”).  Notwithstanding the foregoing, the Lead Arrangers will not syndicate to those banks, financial institutions and other institutional lenders and investors (i) that have been separately identified by name in writing by you to us prior to the date hereof, (ii) those persons who are operating company competitors of you, the Company (as defined in Exhibit A) and your and its respective subsidiaries that are separately identified in name in writing by you to us from time to time and (iii) in the case of clause (i), any of their affiliates (other than bona fide debt fund affiliates) that are either (a) identified by name in writing by you to us from time to time or (b) readily identifiable on the basis of such affiliate’s name (clauses (i), (ii) and (iii) above, collectively “Disqualified Lenders”).

 

Notwithstanding the Lead Arrangers’ right to syndicate the Facility and receive commitments with respect thereto, (i) no Initial Lender shall be relieved, released or novated from its obligations hereunder (including its obligation to fund the Term Facility on the date of both the consummation of the Acquisition and the satisfaction of the other conditions to funding set forth in Exhibit C (the date of such consummation and funding, the “Closing Date”)) in connection with any syndication, assignment or participation of the Term Facility, including its commitments in respect thereof, until after the funding of the Term Facility on the Closing Date has occurred, (ii) no assignment or novation shall become effective (as between you and us) with respect to all or any portion of any Initial Lender’s commitments in respect of the Term Facility until after the funding of the Term Facility on the Closing Date and (iii) unless you otherwise agree in writing, each Commitment Party shall retain exclusive control over all rights and obligations with respect to its commitments in respect of the Term Facility, including all rights with respect to consents, modifications, supplements, waivers and amendments, until the Closing Date has occurred, in each case other than as a result of an assignment to an Initial Lender or an Additional Arranger (or its affiliate) in accordance with Section 2 above.

 

Without limiting your obligations to assist with the syndication efforts as set forth herein, it is understood that the Initial Lenders’ commitments hereunder are not conditioned upon the syndication of,

 

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or receipt of commitments in respect of, the Term Facility and in no event shall the commencement or successful completion of syndication of the Term Facility constitute a condition to the availability of the Term Facility on the Closing Date.  The Lead Arrangers may commence syndication efforts promptly after your acceptance of this Commitment Letter and as part of their syndication efforts, it is their intent to have Lenders commit to the Term Facility prior to the Closing Date (subject to the limitations set forth in the preceding paragraph).  Until the earlier of (i) the date upon which a Successful Syndication (as defined in the Fee Letter) of the Term Facility is achieved and (ii) the 45th day following the Closing Date (such earlier date, the “Syndication Date”), you agree to assist the Lead Arrangers in completing a syndication that is reasonably satisfactory to us. Such assistance shall include, without limitation:  (a) your using commercially reasonable efforts to ensure that any syndication efforts benefit from your existing lending and investment banking relationships and, to the extent practical and appropriate, the Company’s and its subsidiaries’ existing lending and investment banking relationships, (b) your providing direct contact between appropriate members of senior management, certain representatives and certain advisors of you, on the one hand, and the proposed Lenders, on the other hand (and your using commercially reasonable efforts to arrange, such contact between senior management of the Company and its subsidiaries, on the one hand, and the proposed Lenders, on the other hand), in all such cases at times and locations to be mutually agreed upon, (c) your assistance (including, in the case of information relating to the Company and its subsidiaries, the use of commercially reasonable efforts to cause the Company and its subsidiaries to assist) in the preparation of the Information Materials (as defined below) and other customary marketing materials to be used in connection with the syndication, (d) using your commercially reasonable efforts to procure, at your expense, prior to or concurrent with the launch of the general syndication of the Term Facility, ratings (but not specific ratings) for the Term Facility from each of Standard & Poor’s Financial Services (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”), and a public corporate credit rating and a public corporate family rating (but not specific ratings in either case) in respect of the Borrower after giving effect to the Transactions from each of S&P and Moody’s, respectively, (e) the hosting, with the Lead Arrangers, of one meeting (and, if deemed reasonably necessary by the Lead Arrangers, one or more conference calls) of prospective Lenders at a time and location to be mutually agreed upon (and your using commercially reasonable efforts to cause the relevant senior officers of the Company to be available for such meeting), and (f) prior to the Closing Date, ensuring (and using commercially reasonable efforts to have the Company and its subsidiaries ensure) that there are no competing issues, offerings, placements, arrangements or syndications of debt securities or syndicated commercial bank or other syndicated credit facilities by or on behalf of you, the Company or any of your or its respective subsidiaries being offered, placed or arranged (other than the Term Facility and indebtedness permitted to be incurred by the Company and its subsidiaries under the Merger Agreement (as in effect on the date hereof)) without the written consent of the Lead Arrangers, if such issuance, offering, placement or arrangement would materially and adversely impair the primary syndication of the Term Facility. In addition, you agree that neither you nor your subsidiaries will enter into any binding agreement to acquire a business (other than the Company) on or after the date hereof (and on or prior to the Closing Date) that is (i) significant for purposes of Rule 3-05 of Regulation S-X and (ii) intended to be financed (including pursuant to a commitment letter) with debt proceeds without the prior written consent of the Lead Arrangers. Notwithstanding anything to the contrary contained in this Commitment Letter or the Fee Letter or any other letter agreement or undertaking concerning the financing of the Transactions to the contrary, neither the obtaining of the ratings referenced above or the compliance with any of the other provisions set forth in this paragraph, including in any of clauses (a) through (f) above or in the immediately prior sentence, shall constitute a condition to the funding of the Term Facility on the Closing Date.

 

The Lead Arrangers, in their capacities as such, will manage, in consultation with you, all aspects of any syndication of the Term Facility, including decisions as to the selection of institutions reasonably acceptable to you (your consent not to be unreasonably withheld or delayed) to be approached and when they will be approached, when their commitments will be accepted, which institutions will participate, the

 

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allocation of the commitments among the Lenders and the amount and distribution of fees among the Lenders (subject to your consent rights and rights of appointment set forth in the third preceding paragraph and excluding Disqualified Lenders).  To assist the Lead Arrangers in their syndication efforts, you agree to promptly prepare and provide (and, in the case of information relating to the Company and its subsidiaries, to use commercially reasonable efforts to cause the Company and its subsidiaries to provide) to the Lead Arrangers customary information with respect to the Borrower, the Company and their respective subsidiaries and the Transactions to be set forth in the materials described in clause (c) of the preceding paragraph and the historical and pro forma financial information set forth in paragraphs 4 and 5 of Exhibit C, customary financial estimates, forecasts and other projections delivered to us by you (the “Projections”).  For the avoidance of doubt, you will not be required to provide any information to the extent that the provision thereof would violate any law, rule or regulation, or any obligation of confidentiality binding upon (so long as such obligations are not entered into in contemplation of this Commitment Letter), or waive any privilege that may be asserted by, you, the Company or any of your or their respective subsidiaries or affiliates (in which case you agree to use commercially reasonable efforts to have any such confidentiality obligation waived, and otherwise in all instances, to the extent practicable and not prohibited by applicable law, rule or regulation, promptly notify us that information is being withheld pursuant to this sentence).  Notwithstanding anything herein to the contrary, the only financial statements that shall be required to be provided to the Commitment Parties in connection with the syndication of the Term Facility shall be those required to be delivered pursuant to paragraphs 4 and 5 of Exhibit C.

 

You hereby acknowledge that (a) the Lead Arrangers will make available Projections and other customary marketing material and presentations, including a customary confidential information memoranda to be used in connection with the syndication of the Term Facility (the “Information Memorandum”) (such Projections, other offering and marketing material and the Information Memorandum, collectively, with the Term Sheet, the “Information Materials”) on a confidential basis to the proposed syndicate of Lenders by posting the Information Materials on Intralinks, Debt X, SyndTrak Online or by similar electronic means and (b) certain of the Lenders may be “public side” Lenders (i.e. Lenders that do not wish to receive material non-public information with respect to you, the Company or your or its respective subsidiaries or securities (for purposes of United States federal and state securities laws) (“MNPI”) and who may be engaged in investment and other market related activities with respect to you or the Company or your or the Company’s respective subsidiaries or securities) (each, a “Public Sider” and each Lender that is not a Public Sider, a “Private Sider”).  You will be solely responsible for the contents of the Information Materials and each of the Commitment Parties shall be entitled to use and rely upon the information contained therein without responsibility for independent verification thereof.

 

At the request of the Joint Bookrunners, you agree to assist (and, in the case of information relating to the Company and its subsidiaries, to use commercially reasonable efforts to cause the Company to assist) us in preparing an additional version of the Information Materials to be used in connection with the syndication of the Term Facility that consists exclusively of information of a type that is publicly available and/or does not include MNPI to be used by Public Siders. It is understood that in connection with your assistance described above, you will provide customary authorization letters (which shall include a customary negative assurance representation) for inclusion in any Information Materials that authorize the distribution thereof to prospective Lenders, contain customary representations with regard to the accuracy thereof and represent that the additional version of the Information Materials does not include any MNPI (other than information about the Term Facility) and exculpate you, the Company, the Borrower and its respective subsidiaries and us and our affiliates with respect to any liability related to the use of the contents of the Information Materials or related offering and marketing materials by the recipients thereof. Before distribution of any Information Materials you agree, at our request, to identify that portion of the Information Materials that may be distributed to the Public Siders as containing solely “Public Information”, which, at a minimum, shall mean that the word “PUBLIC” shall appear

 

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prominently on the first page thereof. By marking Information Materials as “PUBLIC”, you shall be deemed to have authorized the Commitment Parties and the proposed Lenders to treat such Information Materials as not containing any MNPI (it being understood that you shall not be under any obligation to mark any particular Information Materials “PUBLIC”).  We will not make any materials not marked “PUBLIC” available to Public Siders.

 

You acknowledge and agree that, subject to the confidentiality and other provisions of this Commitment Letter, the following documents may be distributed to both Private Siders and Public Siders (provided that such materials have been provided to you for review a reasonable period of time prior thereto), unless you advise the Lead Arrangers in writing (including by email) within a reasonable time prior to their intended distribution that such materials should only be distributed to Private Siders:  (a) administrative materials prepared by the Lead Arrangers for prospective Lenders (such as a lender meeting invitation, bank allocation, if any, and funding and closing memoranda), (b) term sheets and notification of changes in the Facilities’ terms and conditions, (c) drafts and final versions of the Facility Documentation (as defined in Exhibit B) and (d) publicly filed financial statements of you and your subsidiaries and the Company and its subsidiaries.  If you advise us in writing (including by email) that any of the foregoing should be distributed only to Private Siders, then we will not distribute such materials to Public Siders without further discussion with you.

 

4.                                      Information.

 

You hereby represent and warrant that (a) all written information and written data (such information and data, other than (i) the Projections and (ii) information of a general economic or industry specific nature, the “Information”) (in the case of Information regarding the Company and its subsidiaries and its and their respective businesses, to the best of your knowledge), that has been or will be made available to the Commitment Parties by you, the Company or by any of your or its subsidiaries or representatives, in each case, on your behalf in connection with the transactions contemplated hereby, when taken as a whole, is or will be, when furnished, correct in all material respects and does not or will not, when furnished and when taken as a whole, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein not materially misleading in light of the circumstances under which such statements are made (giving effect to all supplements and updates provided thereto) and (b) the Projections that have been or will be made available to the Commitment Parties by you or by any of your subsidiaries or representatives, in each case, on your behalf in connection with the transactions contemplated hereby have been, or will be, prepared in good faith based upon assumptions that are believed by you to be reasonable at the time prepared and at the time the related Projections are so furnished to the Commitment Parties; it being understood that the Projections are as to future events and are not to be viewed as facts, the Projections are subject to significant uncertainties and contingencies, many of which are beyond your control, that no assurance can be given that any particular Projections will be realized and that actual results during the period or periods covered by any such Projections may differ significantly from the projected results and such differences may be material.  You agree that, if at any time prior to the later of the Closing Date and the Syndication Date, you become aware that any of the representations and warranties in the preceding sentence would be incorrect in any material respect if the Information and the Projections were being furnished, and such representations and warranties were being made, at such time, then you will (or, with respect to the Information and Projections relating to the Company and its subsidiaries, will use commercially reasonable efforts to) promptly supplement the Information and the Projections such that such representations and warranties are correct in all material respects under those circumstances (or, in the case of the Information relating to the Company and its subsidiaries and its and their respective businesses, to the best of your knowledge, such representations and warranties are correct in all material respects under those circumstances).  In arranging and syndicating the Term Facility, the Commitment Parties (i) will be entitled to use and rely primarily on the Information and the Projections without

 

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responsibility for independent verification thereof and (ii) assume no responsibility for the accuracy or completeness of the Information or the Projections.

 

5.                                      Fees.

 

As consideration for the commitments of the Initial Lenders hereunder and for the agreement of the Lead Arrangers and the Joint Bookrunners to perform the services described herein, you agree to pay (or cause to be paid) the fees set forth in the Term Sheet and in the Fee Letter dated as of the date hereof with respect to the Term Facility (the “Fee Letter”), if and to the extent payable.  Once paid, such fees shall not be refundable under any circumstances, except as expressly set forth herein or therein or as otherwise separately agreed to in writing by you and us.

 

6.                                      Conditions.

 

The commitments of the Initial Lenders hereunder to fund the Term Facility on the Closing Date and the agreements of the Lead Arrangers and the Joint Bookrunners to perform the services described herein are subject solely to the satisfaction of the conditions to funding set forth in the section entitled “Conditions to Initial Borrowing” in Exhibit B hereto and Exhibit C hereto, and upon satisfaction (or waiver by the Commitment Parties) of such conditions, the funding of the Term Facility shall occur.  It is understood and agreed that there are no other conditions (implied or otherwise) to the commitments hereunder, including compliance with the terms of this Commitment Letter, the Fee Letter and the Facility Documentation.

 

Notwithstanding anything in this Commitment Letter (including each of the exhibits attached hereto), the Fee Letter, the Facility Documentation or any other letter agreement or other undertaking concerning the financing of the Transactions to the contrary, (i) the only representations the accuracy of which shall be a condition to the availability of the Term Facility on the Closing Date shall be (a) such of the representations made by the Company with respect to the Company and its subsidiaries in the Merger Agreement as are material to the interests of the Lenders, but only to the extent that you (or your affiliate) have the right (taking into account any applicable cure periods) to terminate your (and/or its) obligations under the Merger Agreement or the right to decline to consummate the Acquisition (in each case, in accordance with the terms thereof) as a result of a breach of such representations in the Merger Agreement (to such extent, the “Specified Merger Agreement Representations”) and (b) the Specified Representations (as defined below) in the Facility Documentation and (ii) the terms of the Facility Documentation shall be in a form such that they do not impair the availability of the Term Facility on the Closing Date if the applicable conditions set forth in the section entitled “Conditions to Initial Borrowing” in Exhibit B hereto and in Exhibit C hereto are satisfied (or waived by the Commitment Parties) (provided that, to the extent any security interest in any Collateral is not or cannot be provided and/or perfected on the Closing Date (other than the pledge and perfection of the security interests (1) in the certificated equity securities of any wholly owned domestic material subsidiaries of the Borrower (to the extent required by the Term Sheet) and (2) in other assets with respect to which a lien may be perfected by the filing of a financing statement under the Uniform Commercial Code) after your use of commercially reasonable efforts to do so, then the provision and/or perfection of a security interest in such Collateral shall not constitute a condition precedent to the availability of the Term Facility on the Closing Date, but instead shall be required to be delivered after the Closing Date pursuant to arrangements and timing to be mutually agreed by the Administrative Agent and the Borrower, but no later than 90 days after the Closing Date (or such longer period as the Administrative Agent may determine in its reasonable discretion).  For purposes hereof, “Specified Representations” means the applicable representations and warranties of the Borrower set forth in the Facility Documentation relating to organizational existence, power and authority, due authorization, execution and delivery, Federal Reserve margin regulations, the Patriot Act, FCPA or OFAC (with respect to the use of proceeds of the Term Facility), the Investment

 

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Company Act and enforceability, in each case, related to, the entering into, borrowing under, guaranteeing under, performance of, and granting of security interests in the Collateral pursuant to, the applicable Facility Documentation; solvency as of the Closing Date (after giving effect to the Transactions) of the Borrower and its subsidiaries on a consolidated basis (with solvency to be defined in a manner consistent with the manner in which solvency is determined in the solvency certificate to be delivered pursuant to Exhibit C); the incurrence of the loans to be made under the Term Facility and the provision of the Guarantees, in each case under the Term Facility, and the granting of the security interests in the Collateral to secure the Term Facility, and the entering into of the applicable Facility Documentation, do not conflict with the organizational documents of the Loan Parties; and, subject to the proviso in clause (ii) of the immediately preceding sentence, creation, validity and perfection of security interests in the Collateral.  This paragraph, and the provisions herein, shall be referred to as the “Limited Conditionality Provisions”.

 

7.                                      Indemnity.

 

To induce the Commitment Parties to enter into this Commitment Letter and the Fee Letter and to proceed with the Facility Documentation, you agree (a) subject to applicable laws, rules or regulations, to indemnify and hold harmless each Commitment Party, its respective affiliates and the respective officers, directors, employees, agents, controlling persons, advisors and other representatives of each of the foregoing and their successors and permitted assigns (each, an “Indemnified Person”) from and against any and all losses, claims, damages and liabilities of any kind or nature and reasonable and documented or invoiced out-of-pocket fees and expenses, joint or several, to which any such Indemnified Person may become subject to the extent arising out of, resulting from, or in connection with any claim, litigation, investigation or proceeding relating to this Commitment Letter (including the Term Sheet), the Fee Letter, the Transactions, the Term Facility or any use of the proceeds thereof (any of the foregoing, a “Proceeding”)), regardless of whether any such Indemnified Person is a party thereto, whether or not such Proceedings are brought by you, your equity holders, affiliates or creditors or any other person, and to promptly reimburse after receipt of a written request, each such Indemnified Person for any reasonable and documented or invoiced out-of-pocket legal fees and expenses incurred in connection with investigating or defending any of the foregoing by one firm of counsel for all such Indemnified Persons, taken as a whole and, if necessary, by a single firm of local counsel in each appropriate jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) (and, in the case of an actual or perceived conflict of interest where the Indemnified Person affected by such conflict notifies you of the existence of such conflict and thereafter retains its own counsel, by another firm of counsel and another firm of local counsel in each appropriate jurisdiction for such affected Indemnified Person) and other reasonable and documented or invoiced out-of-pocket fees and expenses incurred in connection with investigating, responding to, or defending any of the foregoing; provided that the foregoing indemnity will not, as to any Indemnified Person, apply to losses, claims, damages, liabilities or related expenses to the extent that they have resulted from (i) the willful misconduct, bad faith or gross negligence of such Indemnified Person or of its Related Indemnified Persons (as defined below) (as determined by a court of competent jurisdiction in a final and non-appealable decision), (ii) a material breach of the obligations of such Indemnified Person or any of its Related Indemnified Persons under this Commitment Letter or the Fee Letter (as determined by a court of competent jurisdiction in a final and non-appealable decision) or (iii) any Proceeding solely between or among Indemnified Persons not arising from any act or omission by you or any of your affiliates; provided that the Administrative Agent, the Lead Arrangers and the Joint Bookrunners to the extent fulfilling their respective roles as an agent, arranger or bookrunner under the Term Facility and in their capacities as such, shall remain indemnified in such Proceedings to the extent that none of the exceptions set forth in any of clauses (i) or (ii) of the immediately preceding proviso apply to such person at such time and (b) to reimburse each Commitment Party from time to time, upon presentation of a summary statement, for all reasonable and documented or invoiced out-of-pocket expenses (including but not limited to expenses of each Commitment Party’s

 

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consultants’ fees), syndication expenses, travel expenses and reasonable fees, disbursements and other charges of one counsel to the Commitment Parties, the Lead Arrangers, the Joint Bookrunners and the Administrative Agent and, if necessary, of a single firm of local counsel to the Commitment Parties in each appropriate jurisdiction (which may include a single firm of special counsel acting in multiple jurisdictions) (and, in the case of an actual or perceived conflict of interest where the Indemnified Person affected by such conflict informs you of such conflict and thereafter retains its own counsel, of another firm or counsel and another firm of local counsel in each appropriate jurisdiction), in each case incurred in connection with the Term Facility and the preparation, negotiation and enforcement of this Commitment Letter, the Fee Letter, the Facility Documentation and any security arrangements in connection therewith (collectively, the “Expenses”).  The foregoing provisions in this paragraph shall be superseded, in each case, to the extent covered by the applicable provisions contained in the Facility Documentation upon execution thereof and thereafter shall have no further force and effect.

 

Notwithstanding any other provision of this Commitment Letter, (i) no Indemnified Person shall be liable for any damages arising from the use by others of information or other materials obtained through internet, electronic, telecommunications or other information transmission systems, except to the extent that such damages have resulted from the willful misconduct, bad faith or gross negligence of, or a material breach of the obligations under this Commitment Letter, the Term Sheets or the Fee Letter by, such Indemnified Person or of its Related Indemnified Persons (as determined by a court of competent jurisdiction in a final and non-appealable decision) and (ii) none of you (or any of your subsidiaries), the Company (or any of its subsidiaries) or any Indemnified Person shall be liable for any indirect, special, punitive or consequential damages (including, without limitation, any loss of profits, business or anticipated savings) in connection with this Commitment Letter, the Fee Letter, the Transactions (including the Term Facility and the use of proceeds thereunder), or with respect to any activities related to the Term Facility, including the preparation of this Commitment Letter, the Fee Letter and the Facility Documentation; provided that nothing in this paragraph shall limit your indemnity and reimbursement obligations to the extent that such indirect, special, punitive or consequential damages are included in any claim with respect to which the applicable Indemnified Party is entitled to indemnification under the first paragraph of this Section 7.

 

You shall not be liable for any settlement of any Proceeding effected without your written consent (which consent shall not be unreasonably withheld, conditioned or delayed), but if settled with your written consent or if there is a final judgment by a court of competent jurisdiction for the plaintiff in any such Proceeding, you agree to indemnify and hold harmless each Indemnified Person from and against any and all losses, claims, damages, liabilities and reasonable and documented legal or other out-of-pocket expenses by reason of such settlement or judgment in accordance with and to the extent provided in the other provisions of this Section 7. It is further agreed that the Commitment Parties shall be liable in respect of their commitments to the Term Facility, on a several (and not joint) basis with any other Lender.

 

You shall not, without the prior written consent of any Indemnified Person (which consent shall not be unreasonably withheld, conditioned or delayed) (it being understood that the withholding of consent due to non-satisfaction of any of the conditions described in clauses (i), (ii) and (iii) of this sentence shall be deemed reasonable), effect any settlement of any pending or threatened Proceedings in respect of which indemnity could have been sought hereunder by such Indemnified Person unless such settlement (i) includes an unconditional release of such Indemnified Person in form and substance reasonably satisfactory to such Indemnified Person from all liability or claims that are the subject matter of such proceedings, (ii) does not include any statement as to or any admission of fault, culpability, wrong doing or a failure to act by or on behalf of any Indemnified Person and (iii) contains customary confidentiality provisions with respect to the terms of such settlement.

 

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“Related Indemnified Person” of an Indemnified Person means (1) any controlling person or any controlled affiliate of such Indemnified Person, (2) the respective directors, officers or employees of such Indemnified Person or any of its controlling persons or any of its controlled affiliates and (3) the respective agents and advisors of such Indemnified Person or any of its controlling persons or any of its controlled affiliates, in the case of this clause (3), acting at the instructions of such Indemnified Person, controlling person or such controlled affiliate.

 

8.                                      Sharing of Information, Absence of Fiduciary Relationships, Affiliate Activities.

 

You acknowledge that the Commitment Parties and their respective affiliates may be providing debt financing, equity capital or other services (including, without limitation, financial advisory services) to other persons in respect of which you, the Company and your and their respective subsidiaries and affiliates may have conflicting interests regarding the transactions described herein and otherwise.  The Commitment Parties and their respective affiliates will not use confidential information obtained from you, the Company or any of your or their respective subsidiaries or affiliates by virtue of the transactions contemplated by this Commitment Letter or their other relationships with you, the Company or any of your or their respective subsidiaries or affiliates in connection with the performance by them or their affiliates of services for other persons, and the Commitment Parties and their respective affiliates will not furnish any such information to other persons, except to the extent permitted below.  You also acknowledge that the Commitment Parties and their respective affiliates do not have any obligation to use in connection with the transactions contemplated by this Commitment Letter, or to furnish to you, the Company or any of your or their respective subsidiaries or affiliates confidential information obtained by them from other persons.

 

As you know, the Commitment Parties and their respective affiliates are full service securities firms engaged, either directly or through their affiliates, in various activities, including securities trading, commodities trading, investment management, financing and brokerage activities and financial planning and benefits counseling for both companies and individuals.  In the ordinary course of these activities, the Commitment Parties and their respective affiliates may actively engage in commodities trading or trade the debt and equity securities (or related derivative securities) and financial instruments (including bank loans and other obligations) of you (and your affiliates), the Company, the Company’s and your customers or competitors and other companies which may be the subject of the arrangements contemplated by this letter for their own account and for the accounts of their customers and may at any time hold long and short positions in such securities.  The Commitment Parties and their respective affiliates may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of you (and your affiliates), the Company or other companies which may be the subject of the arrangements contemplated by this Commitment Letter or engage in commodities or other trading with any thereof.

 

The Commitment Parties and their respective affiliates may have economic interests that conflict with those of you and the Company and your and its respective subsidiaries and affiliates and are under no obligation to disclose any conflicting interest to you and the Company and your and its respective subsidiaries and affiliates.  You agree that each Commitment Party will act under this letter as an independent contractor and that nothing in this Commitment Letter or the Fee Letter will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between such Commitment Party and its respective affiliates, on the one hand, and you and the Company and your and its respective equity holders or your and their respective subsidiaries and affiliates, on the other hand.  You acknowledge and agree that (i) the transactions contemplated by this Commitment Letter and the Fee Letter are arm’s-length commercial transactions between the Commitment Parties and their respective affiliates, on the one hand, and you, on the other, (ii) in connection therewith and with the process leading

 

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to such transaction each Commitment Party and its applicable affiliates (as the case may be) is acting solely as a principal and not as agents or fiduciaries of you and the Company and your and its respective management, equity holders, creditors, subsidiaries, affiliates or any other person, (iii) each Commitment Party and its applicable affiliates (as the case may be) have not assumed an advisory or fiduciary responsibility or any other obligation in favor of you or the Company or your or its respective affiliates with respect to the financing transactions contemplated hereby, the exercise of the remedies with respect thereto or the process leading thereto (irrespective of whether such Commitment Party or any of its affiliates has advised or is currently advising you or the Company or any of your or its respective affiliates on other matters) and no Commitment Party has any obligation to you or the Company or your or its respective affiliates with respect to the transactions contemplated hereby except the obligations expressly set forth in this Commitment Letter and the Fee Letter and (iv) the Commitment Parties and their respective affiliates have not provided any legal, accounting, regulatory or tax advice and you have consulted your own legal, tax and financial advisors to the extent you deemed appropriate.

 

You further acknowledge and agree that you are responsible for making your own independent judgment with respect to the transactions contemplated hereby and the process leading thereto.  You agree that you will not claim that the Commitment Parties or their applicable affiliates, as the case may be, have rendered advisory services in connection with the services provided pursuant to this Commitment Letter, or owe a fiduciary, agency or similar duty to you or your affiliates, in connection with such transactions or the process leading thereto.

 

Furthermore, without limiting any provision set forth herein, you waive, to the fullest extent permitted by law, any claims you may have against us or our affiliates (in our capacities as Commitment Parties hereunder) for breach of fiduciary duty or alleged breach of fiduciary duty arising out of this Commitment Letter or the transactions contemplated hereby and agree that we and our affiliates shall have no liability (whether direct or indirect) to you in respect of such a fiduciary duty claim or to any person asserting a fiduciary duty claim on behalf of or in right of you, including your stockholders, employees or creditors.

 

9.                                      Confidentiality.

 

You agree that you will not disclose, directly or indirectly, the Fee Letter or the contents thereof or this Commitment Letter, the Term Sheet, the other exhibits and attachments hereto or the contents of each thereof, to any person or entity without prior written approval of the Lead Arrangers (such approval not to be unreasonably withheld, delayed or conditioned), except (a) to your officers, directors, employees, agents, attorneys, accountants, advisors, controlling persons and equity holders who are informed of the confidential nature thereof, on a confidential and need to know basis, (b) if the Commitment Parties consent in writing to such proposed disclosure or (c) pursuant to the order of any court or administrative agency in any pending legal, judicial or administrative proceeding, or otherwise as required by applicable law, rule or regulation or compulsory legal process or to the extent requested or required by governmental and/or regulatory authorities, in each case based on the reasonable advice of your legal counsel (in which case you agree, (i) to notify us of the proposed disclosure in advance of such disclosure and if you are unable to notify us in advance of such disclosure, such notice shall be delivered to us promptly thereafter to the extent not prohibited by applicable law, rule or regulation and (ii) to use commercially reasonable efforts to ensure that any such information so disclosed is accorded confidential treatment); provided that (i) you may disclose this Commitment Letter (but not the Fee Letter, the disclosure of which is governed by clause (vi) below) and the contents hereof to the Company and its officers, directors, employees, agents, attorneys, accountants, advisors and controlling persons or equity holders, on a confidential and need-to-know basis, (ii) you may disclose the Term Sheet and the other exhibits and attachments to this Commitment Letter (but not the Fee Letter or the contents thereof) in any syndication or other marketing materials in connection with the Term Facility (including the Information

 

10

 

Materials) or in connection with any public or regulatory filing requirement relating to the Transactions (in which case you may also disclose this Commitment Letter and its contents), (iii) you may disclose the Term Sheet and other exhibits and attachments to this Commitment Letter, and the contents thereof, to potential Lenders and to rating agencies in connection with obtaining ratings for the Company, the Borrower and/or the Term Facility, (iv) you may disclose the aggregate fee amounts contained in the Fee Letter as part of the Projections, pro forma information or a generic disclosure of aggregate sources and uses related to fee amounts related to the Transactions to the extent customary or required in offering and marketing materials for the Term Facility or in any public or regulatory filing requirement relating to the Transactions, (v) you may disclose this Commitment Letter and its contents (but not the Fee Letter) to the extent that such information becomes publicly available other than by reason of improper disclosure by you in violation of any confidentiality obligations hereunder, and (vi) you may disclose the Fee Letter and the contents thereof to the Company and its officers, directors, employees, agents, attorneys, accountants, advisors and controlling persons or equity holders, on a confidential and need-to-know basis; provided, the Fee Letter has been redacted in a manner reasonably agreed by us.

 

Each Commitment Party and its affiliates will use all confidential information provided to any of them or such affiliates by or on behalf of you hereunder or in connection with the Acquisition and the related Transactions solely for the purpose of providing the services which are the subject of this Commitment Letter and negotiating, evaluating and consummating the transactions contemplated hereby and shall treat confidentially all such information and shall not publish, disclose or otherwise divulge, such information; provided that nothing herein shall prevent such Commitment Party and its affiliates from disclosing any such information (a) pursuant to the order of any court or administrative agency or in any pending legal, judicial or administrative proceeding, or otherwise as required by applicable law, rule or regulation or compulsory legal process based on the reasonable advice of counsel (in which case such Commitment Party agrees to (except with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority) (i) notify you of the proposed disclosure in advance of such disclosure and if we are unable to notify you in advance of such disclosure, such notice shall be delivered to you promptly thereafter to the extent not prohibited by applicable law, rule or regulation and (ii) use commercially reasonable efforts to ensure that any such information so disclosed is accorded confidential treatment), (b) upon the request or demand of any regulatory authority having jurisdiction over such Commitment Party or any of its affiliates (in which case such Commitment Party agrees to notify you of the proposed disclosure in advance of such disclosure (except with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority) and if we are unable to notify you in advance of such disclosure, such notice shall be delivered to you promptly thereafter to the extent not prohibited by applicable law, rule or regulation to the extent practicable), (c) to the extent that such information becomes publicly available other than by reason of improper disclosure by such Commitment Party or any of its Related Parties (as defined below) in violation of any confidentiality obligations owing to you, the Company or any of your or their respective subsidiaries, (d) to the extent that such information is or was received by such Commitment Party or any of its Related Parties from a third party that is not, to such Commitment Party’s knowledge, subject to contractual or fiduciary confidentiality obligations owing to you, your affiliates, the Company or any of your or their respective subsidiaries, (e) to the extent that such information is independently developed by such Commitment Party or any of its Related Parties without the use of any confidential information, (f) to such Commitment Party’s affiliates and to its and their respective employees, legal counsel, independent auditors, professionals and other experts or agents (collectively, the “Related Parties”) who need to know such information solely in connection with the Transactions and who are informed of the confidential nature of such information and who are subject to customary confidentiality obligations and who have been advised of their obligation to keep information of this type confidential (with each such Commitment Party, to the extent within its control, responsible for such person’s compliance with this paragraph)), (g) to potential or prospective Lenders, hedge providers, participants or assignees, (h) to

 

11

 

ratings agencies, (i) for purposes of establishing a “due diligence” defense, (j) to the extent you consent in writing to any specific disclosure or (k) to the extent such information was already in such Commitment Party’s possession prior to any duty or other understanding of confidentiality entered into in connection with the Transactions; provided that for purposes of clause (g) above, (i) the disclosure of any such information to any Lenders, hedge providers, participants or assignees or prospective Lenders, hedge providers, participants or assignees referred to above shall be made subject to the acknowledgment and acceptance by such Lender, hedge provider, participant or assignee or prospective Lender, hedge provider, participant or assignee that such information is being disseminated on a confidential basis (on substantially the terms set forth in this paragraph or as is otherwise reasonably acceptable to you and such Commitment Party, including, without limitation, as agreed in any Information Materials or other marketing materials) in accordance with the standard syndication processes of such Commitment Party or customary market standards for dissemination of such type of information, which shall in any event require “click through” or other affirmative actions on the part of the recipient to access such information and (ii) no such disclosure shall be made by such Commitment Party to any person that is at such time a Disqualified Lender.

 

The confidentiality provisions set forth in this Section 9 shall survive the termination of this Commitment Letter and (other than in respect of the Fee Letter and its contents) automatically terminate and be of no further effect on the second anniversary of the date hereof.

 

10.                               Miscellaneous.

 

This Commitment Letter and the commitments hereunder shall not be assignable by any party hereto (other than, subject to the second paragraph of Section 3, by the Initial Lenders in connection with the syndication of the Term Facility) without the prior written consent of each other party hereto (such consent not to be unreasonably withheld, conditioned or delayed) (and any attempted assignment without such consent shall be null and void).  This Commitment Letter and the commitments hereunder are intended to be solely for the benefit of the parties hereto (and Indemnified Persons) and do not and are not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto (and Indemnified Persons to the extent expressly set forth herein).  Subject to the limitations set forth in Section 3 above, each Commitment Party reserves the right to employ the services of its respective affiliates or branches in providing services contemplated hereby and to allocate, in whole or in part, to their affiliates or branches certain fees payable to such Commitment Party in such manner as such Commitment Party and its respective affiliates or branches may agree in their sole discretion and, to the extent so employed, such affiliates and branches shall be entitled to the benefits and protections afforded to, and subject to the provisions governing the conduct of, such Commitment Party hereunder.  This Commitment Letter may not be amended or any provision hereof waived or modified except by an instrument in writing signed by each of the Commitment Parties and you.  This Commitment Letter may be executed in any number of counterparts, each of which shall be deemed an original and all of which, when taken together, shall constitute one agreement.  Delivery of an executed counterpart of a signature page of this Commitment Letter by facsimile transmission or other electronic transmission (i.e., a “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart hereof.  This Commitment Letter (including the exhibits hereto), together with the Fee Letter, (i) are the only agreements that have been entered into among the parties hereto with respect to the commitments relating to the Term Facility and (ii) supersede all prior understandings, whether written or oral, among us with respect to the Term Facility and sets forth the entire understanding of the parties hereto with respect thereto.  THIS COMMITMENT LETTER, AND ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER, OR RELATED TO, THIS COMMITMENT LETTER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK; provided that, notwithstanding the foregoing, it is understood and

 

12

 

agreed that (a) the interpretation of the definition of “Company Material Adverse Effect” (as defined in Exhibit C) (and whether or not a Company Material Adverse Effect has occurred), (b) the determination of the accuracy of any Specified Merger Agreement Representation and whether as a result of any inaccuracy thereof you (or your affiliate) have the right to terminate your or its obligations under the Merger Agreement or decline to consummate the Acquisition and (c) the determination of whether the Acquisition has been consummated in accordance with the terms of the Merger Agreement, in each case shall be governed by, and construed in accordance with, the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof.

 

Any Joint Bookrunner may, with your consent, place customary advertisements in financial and other newspapers and periodicals or on a home page or similar place for dissemination of customary information on the Internet or worldwide web as it may choose, and circulate similar promotional materials, in each case, after the Closing Date, in the form of “tombstone” or otherwise describing the name of the Borrower and the amount, type and closing date of the Transactions, all at the expense of such Joint Bookrunner.

 

Each of the parties hereto agrees that this Commitment Letter and the Fee Letter are binding and enforceable agreements with respect to the subject matter contained herein and therein, including an agreement to negotiate in good faith the Facility Documentation by the parties hereto in a manner consistent with this Commitment Letter, it being acknowledged and agreed that the commitments provided hereunder are subject solely to conditions precedent as provided in Section 6 hereof, and further subject to the Limited Conditionality Provisions.

 

EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING, CLAIM OR COUNTERCLAIM BROUGHT BY OR ON BEHALF OF ANY PARTY RELATED TO OR ARISING OUT OF THIS COMMITMENT LETTER OR THE FEE LETTER OR THE PERFORMANCE OF SERVICES HEREUNDER OR THEREUNDER.

 

Each of the parties hereto hereby irrevocably and unconditionally (a) submits, for itself and its property, to the exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in the Borough of Manhattan in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Commitment Letter, the Fee Letter or the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and agrees that all claims in respect of any such action or proceeding shall be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court, (b) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Commitment Letter, the Fee Letter or the transactions contemplated hereby or thereby in any such New York State or in any such Federal court, (c) waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court and (d) agrees that a final judgment in any such suit, action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.  Each of the parties hereto agrees to commence any such action, suit, proceeding or claim either in the United States District Court for the Southern District of New York or in the Supreme Court of the State of New York, New York County located in the Borough of Manhattan.  Each of the parties hereto agrees that service of process, summons, notice or document by registered mail addressed to you or us at the addresses set forth above shall be effective service of process for any suit, action or proceeding brought in any such court.

 

We hereby notify you that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “PATRIOT Act”), each of us and each of the

 

13

 

Lenders may be required to obtain, verify and record information that identifies the Borrower and the Guarantors, which information may include their names, addresses, tax identification numbers and other information that will allow each of us and the Lenders to identify the Borrower, the Company and the Guarantors in accordance with the PATRIOT Act.  This notice is given in accordance with the requirements of the PATRIOT Act and is effective for each of us and the Lenders.  You hereby acknowledge and agree that the Lead Arrangers shall be permitted to share any and all such information with the Lenders.

 

The indemnification, compensation (if applicable), reimbursement (if applicable), syndication (if applicable), information (if applicable), conflicting interest, absence of advisory or fiduciary duties, jurisdiction, governing law, venue, waiver of jury trial and confidentiality provisions contained herein and in the Fee Letter shall remain in full force and effect regardless of whether Facility Documentation shall be executed and delivered and notwithstanding the termination or expiration of this Commitment Letter or the Initial Lenders’ commitments hereunder; provided that your obligations under this Commitment Letter (other than those relating to confidentiality, to the syndication of the Term Facility, to the penultimate sentence of Section 4, and other than your obligations with respect to confidentiality of the Fee Letter and the contents thereof) shall automatically terminate and be superseded by the provisions of the Facility Documentation upon the initial funding thereunder, and you shall automatically be released from all liability in connection therewith at such time.  You may terminate this Commitment Letter and/or the Initial Lenders’ commitments with respect to the Term Facility (or any portion thereof) hereunder at any time subject to the provisions of the preceding sentence (any such commitment termination shall reduce the commitments of each Initial Lender on a pro rata basis based on their respective commitments of the Term Facility as of the date hereof).

 

Section headings used herein are for convenience of reference only and are not to affect the construction of, or to be taken into consideration in interpreting, this Commitment Letter.

 

If the foregoing correctly sets forth our agreement, please indicate your acceptance of our offer as set forth in this Commitment Letter and the Fee Letter by returning to us executed counterparts of this Commitment Letter and of the Fee Letter not later than 11:59 p.m., New York City time, on October 5, 2015.  Such offer will remain available for acceptance until such time, but will automatically expire at such time if we have not received such executed counterparts in accordance with the preceding sentence.  Upon execution and delivery of this Commitment Letter and the Fee Letter, we agree to hold our commitment available for you until the earliest of (i) after execution of the Merger Agreement and prior to the consummation of the Transactions, the termination of the Merger Agreement in a signed writing in accordance with its terms, (ii) the consummation of the Acquisition without the funding of the Term Facility and (iii) 11:59 p.m., New York City time, on July 6, 2016 (provided that to the extent the Termination Date (as defined in the Merger Agreement) is extended to October 5, 2016 in accordance with the Merger Agreement as in effect on the date hereof, then such date shall be automatically extended to October 5, 2016) (such earliest time set forth in clause (i), (ii) or (iii) above, the “Expiration Date”).  Upon the occurrence of any of the events referred to in the preceding sentence, this Commitment Letter and the commitments of the Commitment Parties hereunder and the agreement of the Commitment Parties to provide the services described herein shall automatically terminate unless the Commitment Parties shall, in their sole discretion, agree to an extension in writing.

 

[Remainder of this page intentionally left blank]

 

14

 

We are pleased to have been given the opportunity to assist you in connection with the financing for the Transactions.

 

	
 
    	
Very   truly yours,
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
BARCLAYS BANK PLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Robert Chen
    
	
 
    	
Name:   Robert Chen
    
	
 
    	
Title:   Managing Director
    

 

[Signature Page to Commitment Letter]

 

 

	
Accepted   and agreed to as of the date first above written:
    	
 
    
	
 
    	
 
    
	
SKYWORKS SOLUTIONS, INC.
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/   David J. Aldrich
    	
 
    
	
 
    	
Name:   David J. Aldrich
    	
 
    
	
 
    	
Title:    Chief Executive Officer 
    	
 
    

 

[Signature Page to Commitment Letter]

 

 

EXHIBIT A

 

Project Princeton
 Transaction Description

 

Capitalized terms used but not defined in this Exhibit A shall have the meanings set forth in the other Exhibits to the Commitment Letter to which this Exhibit A is attached (the “Commitment Letter”) or in the Commitment Letter.  In the case of any such capitalized term that is subject to multiple and differing definitions, the appropriate meaning thereof in this Exhibit A shall be determined by reference to the context in which it is used.

 

Skyworks Solutions, Inc. (the “Borrower”), a Delaware corporation, intends to acquire (the “Acquisition”) directly or indirectly the capital stock of an entity previously identified by the Borrower to us as “Princeton” (the “Company”), from the equity holders thereof.  The Borrower and Amherst Acquisition, Inc., a Delaware corporation and a wholly owned subsidiary of the Borrower (“Merger Sub”) intend to consummate the Acquisition pursuant to that certain Agreement and Plan of Merger, dated as of the date of the Commitment Letter (together with all exhibits, schedules and disclosure letters thereto, collectively, as amended, supplemented, modified or waived in accordance with Paragraph 2 of Exhibit C, the “Merger Agreement”) by and among the Borrower, Merger Sub and the Company, pursuant to which Merger Sub will be merged with and into the Company, with the Company surviving as a direct or indirect wholly-owned subsidiary of the Borrower.

 

In connection with the foregoing, it is intended that:

 

a)             The Borrower will obtain $1,857 million under a senior secured term loan B facility (the “Term Facility”) comprised of, at the option of the Borrower as set forth on Exhibit B (such selection to be made prior to the launch of general syndication for the Term Facility) (a) a tranche (“Tranche 1”) that matures five years after the Closing Date and/or (b) a tranche (“Tranche 2”; each of Tranche 1 and Tranche 2, a “Tranche”) that matures seven years after the Closing Date;

 

b)             All principal, accrued but unpaid interest, fees and other amounts (other than contingent obligations not then due and payable) outstanding on the Closing Date in respect of all existing third party indebtedness for borrowed money of the Company and its subsidiaries and the Borrower and its subsidiaries, including the items set forth on Annex I to this Exhibit A (but excluding indebtedness permitted to be incurred by the Company and its subsidiaries under the Merger Agreement (as in effect on the date hereof), certain existing capital leases and purchase money indebtedness to be agreed and other indebtedness to be agreed upon by the Borrower and the Lead Arrangers), and will be repaid, redeemed, repurchased, defeased or discharged (or notice for the repayment or redemption thereof will be given to the extent accompanied by any prepayments or deposits required to defease or satisfy and discharge in full the obligations thereunder in accordance with the terms thereof) in connection with, and substantially concurrently with the closing of, the Transactions, and all commitments to lend and all related guarantees and security interests will be terminated and released or customary arrangements for the termination and or release shall have been agreed upon with the Administrative Agent (collectively, the “Refinancing”); and

 

c)              The proceeds of the Term Facility, together with a portion of the cash on hand at the Borrower and its subsidiaries on the Closing Date, will be applied (i) to pay the purchase

 

 

price in connection with the Acquisition, (ii) to pay the fees and expenses incurred in connection with the Transactions, and (iii) to finance the Refinancing (the amounts set forth in clauses (i) through (iii) above, collectively, the “Acquisition Funds”).

 

The transactions described above (including the payment of the Acquisition Funds) are collectively referred to herein as the “Transactions”.

 

 

Annex I

 

Refinancing Debt

 

1.              That certain Credit Agreement dated as of August 2, 2013, (as amended by that certain Amendment to Credit Agreement, dated as of September 3, 2014, as further amended by that certain Second Amendment to Credit Agreement, dated as of June 5, 2015, and as further amended, restated, supplemented or otherwise modified from time to time) by and among PMC Sierra, Inc. and PMC-Sierra US, Inc., as Borrowers, each lender from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

 

 

EXHIBIT B

 

Project Princeton
  Term Facility 
 Summary of Principal Terms and Conditions(1)

 

	
Borrower:
    	
 
    	
Skyworks Solutions, Inc., a Delaware   corporation (the “Borrower”).
    
	
 
    	
 
    	
 
    
	
Transactions:
    	
 
    	
As set forth in Exhibit A to the Commitment   Letter.
    
	
 
    	
 
    	
 
    
	
Administrative Agent and Collateral Agent:
    	
 
    	
Barclays Bank PLC (“Barclays”)   will act as sole administrative agent and sole collateral agent (in such   capacities, the “Administrative Agent”) for   a syndicate of banks, financial institutions and other institutional lenders   and investors reasonably acceptable to the Lead Arrangers and the Borrower,   excluding any Disqualified Lender (together with the Initial Lenders, the “Lenders”), and will perform the   duties customarily associated with such roles.
    
	
 
    	
 
    	
 
    
	
Lead Arrangers and Joint Bookrunners:
    	
 
    	
Barclays Bank PLC (“Barclays”)   will act as lead arranger (together with any Additional Arrangers appointed   in accordance with the terms set forth in the Commitment Letter each in such   capacity, a “Lead Arranger” and,   together, the “Lead Arrangers”) and   bookrunner (each in such capacity, a “Joint Bookrunner”   and, together, the “Joint Bookrunners”),   in each case, for the Term Facility, and will perform the duties customarily   associated with such roles.
    
	
 
    	
 
    	
 
    
	
Syndication Agent:
    	
 
    	
Barclays will act as syndication agent for the Term   Facility.
    
	
 
    	
 
    	
 
    
	
Co-Documentation Agents:
    	
 
    	
One or more entities to be agreed will act as   co-documentation agents for the Term Facility.
    
	
 
    	
 
    	
 
    
	
Term Facility:
    	
 
    	
A senior secured term loan B facility in an   aggregate principal amount of $1,857 million, which shall consist of, at the   option of the Borrower (such selection to be made prior to the launch of   general syndication for the Term Facility (as defined below)):

 

(a) a tranche 1 term loan commitment of no less   than $250 million (or such lesser amount as agreed by Barclays in its sole   discretion) and, together with the commitments in respect of Tranche 2 below,   no more than $1,857 million (“Tranche 1”);   and/or

 

(b) a tranche 2 term loan commitment of no less   than $250 million (or such lesser amount as agreed by Barclays in its sole   discretion) and, together with the commitments in respect of Tranche 1 above,   no more than $1,857 million (“Tranche 2”   and, together with Tranche 1, the “Term Facility”).   Each of Tranche 1 and Tranche 2 are referred to herein as a “Tranche”.

 

One drawing may be made under each Tranche of the   Term Facility on the Closing Date.
    

 

(1)                                 All capitalized terms used but not defined herein shall have the meaning given them in the Commitment Letter to which this Term Sheet is attached, including Exhibits A and C thereto.

 

B-1

 

	
 
    	
 
    	
The loans under the Term Facility are referred to as   the “Loans”. The Lenders holding   such Loans are referred to as the “Term Lenders”.
    
	
 
    	
 
    	
 
    
	
Incremental Term Facilities:
    	
 
    	
The Facility Documentation will permit the Borrower   (x) to add one or more incremental term loan facilities (of the same   class or different classes) to the Term Facility (each, an “Incremental Term Facility” and the   commitments in respect thereof, the “Incremental Term   Commitments”) and (y) add a revolving facility and   further commitment increases thereunder (each, an “Incremental   Revolving Facility” and, together with any Incremental Term   Facility, collectively, the “Incremental Facilities”)   in an aggregate amount not to exceed (A) $1,400 million plus   (B) an unlimited amount such that, after giving effect to the incurrence   of any such Incremental Facility (assuming, in the case of the Incremental   Revolving Facility, the commitments thereunder are drawn in full) and other   customary pro forma adjustments, the First Lien Leverage Ratio (to be   defined) is less than or equal to 3.00:1.00.

 

(i)            no   default or event of default has occurred and is continuing (except in   connection with permitted acquisitions or similar investments, which shall be   subject to customary limited condition acquisition provisions to be agreed)   has occurred and is continuing or would exist after giving effect thereto;

 

(ii)           the   maturity date of any such Incremental Term Facility shall be no earlier than   the latest maturity date of the then outstanding loans or commitments and the   weighted average life of such Incremental Term Facility shall not be shorter   than the then longest remaining weighted average life of the then outstanding   Term Facility;

 

(iii)          the   pricing, interest rate margins, discounts, premiums, rate floors and fees and   (subject to clause (ii) above) maturity and amortization schedule   applicable to any Incremental Term Facility shall be determined by the   Borrower and the lenders thereunder; provided,   that, in the event that the interest margins for any Incremental Term   Facility put in place within 12 months after the Closing Date are greater   than the corresponding interest margins for the existing Term Facility by   more than 50 basis points, then the interest margins for the existing Term   Facility shall be increased to be equal to the interest margins for such   Incremental Term Facility minus 50 basis points; provided   further, that, for purposes of determining such interest margins,   (w) original issue discount (based on an assumed four-year life to   maturity), interest rate floors, and upfront and similar fees payable by the   Borrower shall be included, (x) any amendments to the interest margin on   the relevant existing facility that became effective subsequent to the Closing   Date but prior to the time of the addition of such Incremental Term Facility   shall be included, (y) if such Incremental Term Facility includes any   interest rate floor greater than that applicable to the relevant existing   facility and such floor is applicable to the relevant existing facility on   the date of determination, such excess amount shall be equated to interest   margin for determining the increase and (z) customary arrangement,   commitment, structuring, underwriting and similar fees that are not payable to   all lenders generally shall be excluded;

 

(iv)          any   Incremental Term Facility shall be established under the Facility   Documentation on terms and pursuant to documentation to be agreed between the   Borrower and the applicable lenders providing the Incremental Term Facility; provided that (1) the covenants and defaults of such   Incremental Term Facility are not more favorable (when taken as whole) to the   lenders providing such Incremental Term Facility than the terms of the   Facility Documentation (when taken as a whole) are to the existing
    

 

B-2

 

	
 
    	
 
    	
Lenders (except for covenants or defaults   (x) applicable only to periods after the latest maturity date of the   Term Facility or any Incremental Term Facility existing at the time of such   incurrence or (y) as are beneficial to the Lenders and are incorporated   into the Facility Documentation for the benefit of all existing Term Lenders   (which may be accomplished without further amendment requirements)); and

 

(v)           any   Incremental Revolving Facility shall be established under the Facility   Documentation on terms and pursuant to documentation to be agreed between the   Borrower and the applicable lenders providing the Incremental Revolving   Facility; provided that any Incremental Revolving Facility will   (i) mature no earlier than, and will require no commitment reduction   prior to the date that is five years from the Closing Date, (ii) require   no scheduled amortization, (iii) not have covenants and defaults more   favorable (taken as a whole) to the lenders providing such Incremental   Revolving Facility than the terms of the Facility Documentation (when taken   as a whole) are to the existing Lenders (except for covenants and defaults   (x) as are customary for revolving credit facilities (including   financial covenants), (y) applicable only to periods after the latest   maturity date of the Term Facility or any Incremental Term Facility existing   at the time of such incurrence and (z) as are beneficial to the Lenders   and are incorporated into the Facility Documentation for the benefit of all   existing Term Lenders (which may be accomplished without further amendment   requirements) and (iv) if any prior Incremental Revolving Facility has   been established (and is not being refinanced), such Incremental Revolving   Facility shall be established as an increase in commitments under such prior   Incremental Revolving Facility with identical terms.

The Borrower may (but is not obligated to) seek   commitments in respect of the Incremental Facilities from existing Lenders   (each of which shall be entitled to agree or decline to participate in its   sole discretion) and from additional banks, financial institutions and other   institutional lenders or investors (other than Disqualified Lenders) who will   become Lenders in connection therewith (“Additional Lenders”);   provided that the restrictions   applicable to Affiliated Lenders set forth under “Assignments and   Participations” shall apply to commitments in respect of Incremental Term   Facilities.

 

The Term Facility will permit the Borrower to   utilize availability under the Incremental Term Facilities to issue notes   that are (at the option of the Borrower) unsecured or secured by the   Collateral on a pari passu or junior basis (“Incremental Notes”); provided that such notes (i) do not mature prior to   the latest final stated maturity of, or have a shorter weighted average life   than, loans under the existing Term Facility or any then-outstanding loans   under any Incremental Term Facility, (ii) the covenants and defaults of   such Incremental Notes are not more favorable (when taken as whole) to the   investors providing such Incremental Notes than the covenants and defaults   under the Facility Documentation (when taken as a whole) are to the existing   Lenders (except for (x) covenants or defaults applicable only to periods   after the latest maturity date of the Term Facility or any Incremental   Facility existing at the time of such incurrence or (y) as are   incorporated into the Facility Documentation for the benefit of all existing   Lenders (which may be accomplished without further amendment   requirements)), (iii) to the extent either unsecured or secured on   a junior lien basis, do not (x) mature prior to the date that is 91 days   after the latest maturity date of the loans under the Term Facility or any then-outstanding   loans under any Incremental Term Facility, (y)require mandatory prepayments   or redemptions (excluding customary asset sale and change of control   provisions) that could result in redemptions of such Incremental Notes prior   to the date that is 91 days after the latest maturity date of the loans under   the Term Facility or any
    

 

B-3

 

	
 
    	
 
    	
then-outstanding loans under any Incremental Term   Facility or (z) have scheduled amortization, (iv) to the extent   secured, shall not be secured by any lien on any asset of any Borrower or any   Guarantor that does not also secure the Term Facility or any existing   Incremental Facility, or be guaranteed by any person other than the   Guarantors, and (vi) to the extent secured, shall be subject to an   intercreditor agreement, the form of which will be attached as an exhibit to   the credit agreement for the Term Facility.
    
	
 
    	
 
    	
 
    
	
Refinancing Facilities:
    	
 
    	
The Facility Documentation will permit the Borrower   to refinance loans (including by extending the maturity) under the Term   Facility or loans under any Incremental Term Facility from time to time, in   whole or part, with (1) one or more new term facilities under the Facility   Documentation with the consent of the Borrower and the institutions providing   such term loan facility (collectively referred to herein as “Refinancing Facilities”) or   (2) one or more series of (x) senior notes or loans (which may be   unsecured or secured by the Collateral on a junior basis or, in the case of   notes, pari passu basis) or   (y) unsecured notes or loans that will be subordinated to the   obligations under the Term Facility and any other senior secured or senior   unsecured notes or loans (such notes or loans under this clause (2), “Refinancing Notes” and, together   with the Refinancing Facilities, the “Refinancing Indebtedness”);   provided that (i) any Refinancing   Facility does not mature prior to, or have a shorter weighted average life   than, the Term Facility or Incremental Term Facility being refinanced,   (ii) any Refinancing Notes that are either unsecured or secured on a   junior lien basis shall not mature prior to the date that is 91 days after   the latest maturity date of the loans under the Term Facility or the loans   under any then-existing Incremental Term Facility, (iii) any Refinancing   Notes that are either unsecured or secured on a junior lien basis shall not   have any mandatory redemption features (other than customary asset sale, insurance   and condemnation proceeds events, change of control offers or events of   default, as applicable) that could result in redemptions of such Refinancing   Notes prior to the date that is 91 days after the latest maturity date of the   loans under the Term Facility or any then-outstanding loans under any   Incremental Term Facility, (iv) the amount of any Refinancing   Indebtedness does not exceed the amount of indebtedness being refinanced   (plus any premium, accrued interest or fees and expenses incurred in connection   with the refinancing thereof), (v) any Refinancing Indebtedness is   incurred or issued, as applicable, by the Borrower, is not guaranteed by any   entities that do not guarantee the Term Facility and is not secured by any   assets not securing the Secured Obligations (as defined below), (vi) in   the case of any secured Refinancing Notes, is subject to an intercreditor   agreement, the form of which will be attached as an exhibit to the credit   agreement for the Term Facility, and (vii) the terms and conditions of   any Refinancing Indebtedness (excluding pricing, interest rate margins, rate   floors, discounts, fees, premiums and prepayment or redemption provisions)   are not materially more favorable (when taken as whole) to the lenders or   investors providing such Refinancing Indebtedness than the terms and   conditions of the Facility Documentation (when taken as a whole) are to the   Lenders (as determined by the Borrower in good faith) (except for   (x) covenants or other provisions applicable only to periods after the   latest maturity date of any Term Facility or Incremental Term Facility   existing at the time of such refinancing or (y) as are incorporated into   the Facility Documentation for the benefit of all existing Lenders (which may   be accomplished without further amendment requirements)); provided that no junior lien or unsecured Refinancing   Indebtedness shall have scheduled amortization.
    
	
 
    	
 
    	
 
    
	
Purpose:
    	
 
    	
(A)       The proceeds of   borrowings under the Term Facility will be used by the Borrower on the   Closing Date, together with cash on hand at the Borrower and its 
    

 

B-4

 

	
 
    	
 
    	
subsidiaries, solely to   pay the Acquisition Funds (including, at the Borrower’s election, to fund   original issue discount or upfront fees required pursuant to the “Market Flex   Provisions” in the Fee Letter) to the extent otherwise permitted above.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(B)       The proceeds of any   Incremental Term Facility may be used by the Borrower and its subsidiaries   for working capital and other general corporate purposes, including the   financing of permitted acquisitions, other permitted investments and   dividends and other permitted distributions on account of the capital stock   of the Borrower.
    
	
 
    	
 
    	
 
    
	
Availability:
    	
 
    	
The Term Facility will be available in a single   drawing on the Closing Date. Amounts borrowed under the Term Facility that   are repaid or prepaid may not be reborrowed.
    
	
 
    	
 
    	
 
    
	
Interest Rates and Fees:
    	
 
    	
As set forth on Annex I hereto.
    
	
 
    	
 
    	
 
    
	
Default Rate:
    	
 
    	
With respect to overdue principal, at the applicable   interest rate plus 2.00% per annum,   and with respect to any other overdue amount (including overdue interest), at   the interest rate applicable to ABR loans (as defined in Annex I) plus 2.00% per annum, which, in each case, shall be payable on   demand.
    
	
 
    	
 
    	
 
    
	
Final Maturity and Amortization:
    	
 
    	
Tranche 1 will mature on the date that is five years   after the Closing Date. Tranche 2 will mature on the date that is seven years   after the Closing Date.

 

Each Tranche and will amortize in equal quarterly   installments, commencing with the last day of the first full fiscal quarter   ending after the Closing Date, in aggregate annual amounts equal to 1% of the   original principal amount of such Tranche, with the balance of such Tranche   payable on the applicable maturity date thereof.

 

The Facility Documentation shall contain customary   “amend and extend” provisions pursuant to which individual Lenders may agree   to extend the maturity date of their outstanding Loans or loans under any   Incremental Term Facility (which may include, among other things, an increase   in the interest rate payable with respect of such extended Term Loans or   loans under any Incremental Term Facility, with such extensions subject to   customary conditions to be agreed, but not subject to “most favored nation”   pricing provisions) upon the request of the Borrower and without the consent   of any other Lender (it is understood that (i) no existing Lender will   have any obligation to commit to any such extension and (ii) each Lender   under the class being extended shall have the opportunity to participate in   such extension on the same terms and conditions as each other Lender under   such class).
    
	
 
    	
 
    	
 
    
	
Guarantees:
    	
 
    	
All obligations of the Borrower under the Term   Facility (the “Borrower Obligations”) and,   at the option of the Borrower, under any interest rate protection or other   swap or hedging arrangements to be agreed (other than any obligation of any   Guarantor to pay or perform under any agreement, contract, or transaction   that constitutes a “swap” within the meaning of section 1a(47) of the   Commodity Exchange Act (a “Swap”),   if, and to the extent that, all or a portion of the guarantee by such   Guarantor of, or the grant by such Guarantor of a security interest to   secure, such Swap (or any guarantee thereof) is or becomes illegal under the   Commodity Exchange Act or any rule, regulation, or order of the Commodity   Futures Trading Commission (or the application or official interpretation of   any thereof)), and obligations under cash management arrangements, in each   case
    

 

B-5

 

	
 
    	
 
    	
entered into with a Lender, Lead Arranger, Joint   Bookrunner, the Administrative Agent or any affiliate of a Lender, Lead   Arranger, Joint Bookrunner or the Administrative Agent at the time such   transaction is entered into (“Hedging/Cash Management   Arrangements”) will be unconditionally guaranteed jointly and   severally on a senior basis (the “Guarantees”)   by each existing and subsequently acquired or organized direct or indirect   wholly-owned restricted subsidiary of the Borrower (the “Subsidiary   Guarantors”) and by the Borrower (together with the Subsidiary   Guarantors, the “Guarantors”); provided that Guarantors shall not include (a) unrestricted   subsidiaries, (b) immaterial or other excluded subsidiaries (to be   defined), (c) any subsidiary that is prohibited or restricted by   applicable law, rule or regulation or by any contractual obligation   existing on the Closing Date or on the date any such subsidiary is acquired   (so long in respect of any such contractual prohibition such prohibition is   not incurred in contemplation of such acquisition), in each case from   guaranteeing the Term Facility or which would require governmental (including   regulatory) consent, approval, license or authorization to provide a   Guarantee, or for which the provision of a Guarantee would result in a   material adverse tax consequence (including as a result of the operation of   Section 956 of the Internal Revenue Code of 1986, as amended (the “IRS Code”) or any similar law or   regulation in any applicable jurisdiction) to the Borrower or one of its   subsidiaries (as reasonably determined by the Borrower in consultation with   the Administrative Agent), (d) any direct or indirect subsidiary that is   a “controlled foreign corporation” within the meaning of Section 957 of   the IRS Code (any such subsidiary, a “CFC Subsidiary”),   (e) any direct or indirect U.S. subsidiary that has no material assets   other than equity of one or more direct or indirect CFC Subsidiaries (any   such U.S. subsidiary, a “FSHCO”)   and (f) any not-for-profit subsidiaries, captive insurance companies or   other special purpose subsidiaries.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Notwithstanding the foregoing, subsidiaries may be   excluded from the guarantee requirements in circumstances where the   Administrative Agent and the Borrower reasonably agree that the cost of   providing such a guarantee is excessive in relation to the value afforded   thereby.
    
	
 
    	
 
    	
 
    
	
Security:
    	
 
    	
Subject to the limitations set forth below in this   section and subject to the Limited Conditionality Provisions, the Borrower   Obligations, the Guarantees and, at the option of the Borrower, the   Hedging/Cash Management Arrangements (collectively, the “Secured   Obligations”) will be secured, on a first priority basis, by:   (a) a perfected first priority pledge of 100% of the equity interests of   each direct, wholly-owned, material restricted subsidiary of the Borrower and   of each Subsidiary Guarantor (which pledge, in the case of capital stock of   any CFC Subsidiary or FSHCO, shall be limited to no more than 65% of the   voting capital stock of such CFC Subsidiary or FSHCO and 100% of any   non-voting capital stock of such entity) (b) perfected first priority   security interests in substantially all tangible and intangible personal   property of the Borrower and each Guarantor (including but not limited to   accounts receivable, inventory, equipment, general intangibles (including   contract rights), investment property, U.S. intellectual property(2), intercompany   notes, instruments, chattel paper and documents, letter of credit rights,   commercial tort claims and proceeds of the foregoing) and (c) all   proceeds and products of the foregoing (the items described in clauses (a),   (b) and (c) above, but excluding the Excluded Assets (as defined   below), collectively, the “Collateral”).   The pledges of and security interests in the Collateral granted by the   Borrower and each
    

 

(2)                                 NTD: Exclusion of foreign IP subject to review of foreign IP portfolio of US entities.

 

B-6

 

	
 
    	
 
    	
Guarantor shall secure its own respective Secured   Obligations.

 

Notwithstanding anything to the contrary, the   Collateral shall exclude the following: (i) (A) any fee-owned real   property and (B) all real property leasehold interests (including   requirements to deliver landlord lien waivers, estoppels and collateral   access letters), (ii) any governmental licenses or state or local   franchises, charters or authorizations, to the extent a security interest in   any such licenses, franchise, charter or authorization would be prohibited or   restricted thereby (including any legally effective prohibition or   restriction, but excluding any prohibition or restriction that is ineffective   under the UCC), (iii) pledges and security interests prohibited by   applicable law, rule or regulation (including any legally effective   requirement to obtain the consent of any governmental authority),   (iv) margin stock and, to the extent prohibited by, or creating an   enforceable right of termination in favor of any other party thereto under   (other than the Borrower or a restricted subsidiary), the terms of any   applicable organizational documents, joint venture agreement or shareholders’   agreement, equity interests in any person other than wholly-owned restricted   subsidiaries, (v) assets to the extent a security interest in such   assets would result in material adverse tax consequences as reasonably   determined by the Borrower in consultation with the Administrative Agent,   (vi) any intent-to-use trademark application prior to the filing and   acceptance by the United States Patent and Trademark Office of a “Statement   of Use” or “Amendment to Allege Use” with respect thereto, (vii) any   lease, license or other agreement or any property subject thereto (including   pursuant to a purchase money security interest or similar arrangement) to the   extent that a grant of a security interest therein would violate or   invalidate such lease, license or agreement or purchase money arrangement or   create a right of termination in favor of any other party thereto (other than   the Borrower or a restricted subsidiary) after giving effect to the   applicable anti-assignment provisions of the Uniform Commercial Code or other   similar applicable law, other than proceeds and receivables thereof, the   assignment of which is expressly deemed effective under the Uniform   Commercial Code or other similar applicable law notwithstanding such   prohibition, (viii) in excess of 65% of the voting capital stock of   (A) any CFC Subsidiary or (B) any FSHCO, (ix) any asset of a   CFC Subsidiary and (x) certain other assets to be agreed. The Collateral   may also exclude those assets as to which the Administrative Agent and the   Borrower reasonably agree that the cost of obtaining such a security interest   or perfection thereof are excessive in relation to the benefit to the Lenders   of the security to be afforded thereby (the foregoing described in the   previous two sentences are collectively referred to as the “Excluded Assets”). In addition,   (a) control agreements shall not be required with respect to any deposit   accounts, securities accounts or commodities accounts, (b) no perfection   actions shall be required with respect to motor vehicles and other assets   subject to certificates of title, (c) share certificates of immaterial   subsidiaries shall not be required to be delivered, (d) in no event   shall notices be required to be sent to account debtors or other contractual   third parties prior to the occurrence and during the continuance of an event   of default and (e) no perfection actions shall be required with respect   to letter of credit rights or commercial tort claims, except to the extent   perfection is accomplished solely by the filing of a UCC financing statement   or analogous filings in the jurisdiction of the applicable Guarantor (it   being understood that no actions shall be required to perfect a security   interest in chattel paper, letter of credit rights or commercial tort claims,   other than the filing of a UCC financing statement or analogous filings in   the jurisdiction of the applicable Guarantor) and promissory notes evidencing   debt for borrowed money in a principal amount of less than an amount to be   agreed. No foreign-law governed security documents will be required other   than local law share pledge agreements, unless the benefits of any such   agreement are outweighed by the
    

 

B-7

 

	
 
    	
 
    	
burdens or it would be   impracticable to implement any such agreement.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Subject to the Limited Conditionality Provisions,   all the above-described pledges and security interests shall be created on   terms to be agreed; and none of the Collateral shall be subject to other   pledges, security interests or mortgages, other than certain customary   permitted encumbrances and other exceptions and baskets to be set forth in   the Facility Documentation.
    
	
 
    	
 
    	
 
    
	
Mandatory Prepayments:
    	
 
    	
Loans under the Term Facility and under any   Incremental Term Facility shall be prepaid with:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(A)       commencing with the first   full fiscal year of the Borrower after the Closing Date, an amount equal to   50% of Excess Cash Flow (to be defined) or, if the First Lien Leverage Ratio   (to be defined) is (x) greater than or equal to 1.00:1.00 but less than   1.50:1.00, 25% and (y) less than 1.00:1.00, 0% ; provided   that, for any fiscal year, at the Borrower’s option, any voluntary   prepayments of Term Loans and loans under Incremental Term Facilities made   during such fiscal year or after year-end and prior to the time such Excess   Cash Flow prepayment is due, may be credited against Excess Cash Flow   prepayment obligations on a dollar-for-dollar basis for such fiscal year   (without duplication of any such credit in any prior or subsequent fiscal   year);
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(B)       an amount equal to 100%   of the net cash proceeds of non-ordinary course asset sales (other than the   sale of the business identified by the Borrower by name in writing prior to   the date of the commitment letter to which this Exhibit B is   attached) or other dispositions by the Borrower and its restricted   subsidiaries in excess of a materiality threshold to be agreed after the   Closing Date (including insurance and condemnation proceeds and sale   leaseback proceeds) and subject to the right of the Borrower and the other   restricted subsidiaries to reinvest in assets useful in the business of the   Borrower and its restricted subsidiaries if such proceeds are reinvested (or   committed to be reinvested) within 365 days (and if so committed to be   reinvested, actually reinvested within 180 days after such 365 day period);   and
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
(C)       an amount equal to 100%   of the net cash proceeds of issuances of debt obligations of Borrower and its   restricted subsidiaries after the Closing Date (other than debt permitted   under the Facility Documentation, except in respect of Refinancing   Indebtedness).
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Amounts prepaid pursuant to any mandatory prepayment   of the Term Facility shall be (x) allocated ratably among each Tranche   and (y) applied to scheduled installments of principal in the direct   order of maturity.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Notwithstanding the foregoing, the Facility   Documentation will provide that, in the event that any Refinancing   Indebtedness in respect of the Term Facility or any other indebtedness that   is secured on an equal priority basis (but without regard to the control of   remedies) with the Term Facility (collectively, “Additional   First Lien Debt”), shall be issued or incurred, such   Additional First Lien Debt may share no more than ratably in any prepayments   required by the foregoing provisions of clauses (B) and (C).
    

 

B-8

 

	
 
    	
 
    	
Prepayments from non-U.S. subsidiaries’ Excess Cash   Flow and asset sale or other disposition proceeds will be limited in a manner   to be agreed if such prepayments would result in material adverse tax   consequences or would be prohibited or restricted by applicable law,   rule or regulation; provided that the Borrower shall use commercially   reasonable efforts to take all actions required by applicable law, rule or   regulation to permit such payment and to eliminate such tax consequences.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
At the Borrower’s option with customary notice, any   Term Lender may elect not to accept its pro rata portion of any mandatory   prepayment other than a prepayment described in clause (C) above.
    
	
 
    	
 
    	
 
    
	
Voluntary Prepayments and Reductions in Commitments:
    	
 
    	
Voluntary prepayments of borrowings under the Term   Facility will be permitted at any time upon one business day’s (or, in the   case of prepayment of Adjusted LIBOR (as defined in Annex I to Exhibit B   attached hereto) borrowings, three business days’) notice, in minimum   principal amounts to be agreed, subject to reimbursement of the Lenders’   redeployment costs in the case of a prepayment of Adjusted LIBOR borrowings   other than on the last day of the relevant interest period, without premium   or penalty (other than as set forth in second succeeding paragraph).

 

All voluntary prepayments of the Term Facility and   any Incremental Term Facility will be applied as directed by the Borrower (and   absent such direction, in direct order of maturity thereof, in the case of   any prepayment of Term Facility or any Incremental Term Facility), including   to any class of extending or existing Loans in such order as the Borrower may   designate.

 

Any Repricing Event (as defined below) (including   any yank-a-bank assignment solely as a result of a Lender failing to agree to   an amendment to waive or agree to an amendment that constitutes a Repricing   Event) with respect to all or any portion of the Loans that occurs prior to   the date that is six months after the Closing Date, shall be subject to a   prepayment premium of 1% of the principal amount of the Loans so prepaid,   refinanced, amended or mandatorily assigned. For the purposes of this   paragraph, “Repricing Event” shall mean (x) any prepayment or refinancing (other   than in connection with any transaction that would, if consummated,   constitute a change of control) of the Term Facility with any new or   replacement tranche of syndicated bank financings with a lower effective   yield (as determined by the Administrative Agent) than the effective yield   (as determined by the Administrative Agent) of the Term Facility, or   (y) any amendment (including any yank-a-bank assignment in connection   therewith) (other than an amendment of the Term Facility in connection with   any transaction that would, if consummated, constitute a change of control)   that reduces the effective yield (as determined by the Administrative Agent)   of the Term Facility.
    
	
 
    	
 
    	
 
    
	
Conditions to Initial Borrowing:
    	
 
    	
Subject to the Limited Conditionality Provisions,   the availability of the Term Facility on the Closing Date will be subject   solely to (a) delivery of a customary borrowing notice and (b) the   applicable conditions set forth in Section 6 of the Commitment Letter.
    
	
 
    	
 
    	
 
    
	
Facility Documentation:
    	
 
    	
The definitive documentation for the Term Facility   (the “Facility Documentation”)   shall be negotiated in good faith within a reasonable time period to be   determined based on the expected Closing Date and taking into account the   syndication of the Term Facility and the requirements of the Merger Agreement   and shall (i) be based upon and give due regard to the definitive   documentation for that certain term loan credit agreement separately agreed   to by the Borrower and the Arrangers with appropriate modifications
    

 

B-9

 

	
 
    	
 
    	
to baskets and materiality thresholds to reflect the   size, leverage and ratings of the Borrower after giving effect to the Transactions,   (ii) contain the terms and conditions set forth in this Term Sheet,   (iii) reflect the operational and strategic requirements of the Borrower   and its subsidiaries in light of their size, industries and practices,   (iv) reflect the customary agency and operational requirements of the   Administrative Agent and (v) be in a form such that they do not impair   the availability of the Term Facility on the Closing Date if the conditions   to funding set forth in Section 6 of the Commitment Letter are satisfied.
    
	
 
    	
 
    	
 
    
	
Representations and Warranties:
    	
 
    	
Limited to the following (to be applicable to the   Borrower and its restricted subsidiaries (or, as set forth below, its   subsidiaries) only): organizational status and good standing; power and   authority, due authorization, execution, delivery and enforceability of   Facility Documentation; with respect to the execution, delivery and   performance of the Facility Documentation, no violation of, or conflict with,   material law, organizational documents or material agreements; compliance   with law; adverse litigation; margin regulations; material governmental   approvals with respect to the execution, delivery and performance of the Term   Facility; Investment Company Act; accurate and complete disclosure; accuracy   of historical financial statements (including pro forma financial statements   based on historical balance sheets); no material adverse effect; taxes;   insurance; ERISA; compliance by the Borrower and its subsidiaries with   Patriot Act, OFAC, FCPA and other anti-money laundering rules and   regulations and laws applicable to sanctioned persons; material consents and   approvals; ownership of property; subsidiaries; intellectual property;   environmental laws; use of proceeds; status of the Term Facility as “senior   debt”; ownership of properties; creation, perfection, validity and priority   of liens and other security interests (subject to the Limited Conditionality   Provisions); and consolidated Closing Date solvency of the Borrower and its   subsidiaries, taken as a whole, subject, where applicable, in the case of   each of the foregoing representations and warranties, to qualifications and   limitations for materiality to be mutually agreed.
    
	
 
    	
 
    	
 
    
	
Affirmative Covenants:
    	
 
    	
Limited to the following (to be applicable to the   Borrower and its restricted subsidiaries (or, as set forth below, its   subsidiaries) only): delivery of annual audited and quarterly unaudited   financial statements of the Borrower or any direct or indirect parent of the   Borrower (subject to delivery of customary consolidating information   explaining the differences between financials of the Borrower and such   parent) and its consolidated subsidiaries prepared in accordance GAAP within   90 days of the end of any fiscal year and 45 days of the end of the first   three fiscal quarters of any fiscal year, and, in connection with the annual   financial statements, an annual audit opinion from nationally recognized   auditors that is not subject to any qualification as to “going concern” or   scope of the audit, quarterly delivery of a management discussion and   analysis, annual budget reports in the form customarily prepared by   management (with delivery time periods to be consistent with the delivery   requirements for the audited annual financial statements), officers’   compliance certificates and other information reasonably requested by the   Administrative Agent; notices of defaults and notices of litigation, ERISA   events and environmental liability resulting in a material adverse change;   inspections by the Administrative Agent (once per year (so long as there is   no ongoing event of default) and subject to cost reimbursement limitations);   maintenance of property (subject to casualty, condemnation and normal wear   and tear) and customary insurance; maintenance of existence and corporate   franchises, rights and privileges; maintenance and inspection of books and   records; payment of taxes; compliance with laws and regulations (including   ERISA and environmental laws); compliance by the Borrower and its   subsidiaries with Patriot Act, OFAC, FCPA and other anti-money laundering   rules and regulations and 
    

 

B-10

 

	
 
    	
 
    	
laws applicable to sanctioned persons; commercially   reasonable efforts to maintain public corporate credit/family ratings of the   Borrower and ratings of the Term Facility from Moody’s and S&P (but not   to maintain a specific rating); additional Guarantors and Collateral (subject   to limitations set forth under “Guarantees” and “Security” above); use of   proceeds; changes in lines of business; changes of fiscal year; designation   (and redesignation) of Unrestricted Subsidiaries; and further assurances on   collateral matters (subject to limitations set forth above in “Security”),   subject, where applicable, in the case of each of the foregoing covenants, to   exceptions, baskets, thresholds and qualifications to be provided in the   Facility Documentation to be mutually agreed.
    
	
 
    	
 
    	
 
    
	
Negative Covenants:
    	
 
    	
Limited to the following (to be applicable to the   Borrower and its restricted subsidiaries) limitations on:
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
a)             the incurrence of   debt (which shall permit, among other things, (i) indebtedness incurred   and/or assumed in connection with a Permitted Acquisition (as defined below),   subject to (x) the terms set forth below regarding debt assumed or   incurred in connection with a Permitted Acquisition and (y) a cap on the   aggregate amount of debt that may be incurred by non-guarantors in connection   with a Permitted Acquisition or pursuant to clause (ii) below equal to   the greater of $250 million and 15% of EBITDA (to be defined),   (ii) unlimited unsecured debt (subject to the shared cap on the   aggregate amount of debt that may be incurred by non-guarantors as described   in clause (i) above) so long as, on a pro forma basis, the Total Leverage   Ratio is less than 4.00:1.00, (iii) purchase money debt and capital   leases in an aggregate amount not to exceed the greater of $250 million and   20% of EBITDA, and (iv) certain indebtedness of foreign subsidiaries in   an aggregate amount not to exceed the greater of $200 million and 10% of   EBITDA);
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
b)             liens (which shall   permit, among other things, customary liens associated with permitted capital   leases, purchase money debt and indebtedness of foreign subsidiaries);
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
c)              mergers, consolidations   and other fundamental changes;
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
d)             asset sales   (including sales of subsidiaries), transfers and other dispositions of assets   and sale and lease back transactions;
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
e)              investments and   acquisitions (which shall permit, among other things, (i) Permitted   Acquisitions, (ii) investments, including intercompany investments, in   foreign subsidiaries subject to limits to be agreed and (iii) unlimited   additional investments, including intercompany investments, so long as, on a   pro forma basis, the Total Leverage Ratio is less than 2.75:1.00);
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
f)               dividends,   redemptions, repurchases and other restricted payments with respect to equity   (which shall permit, among other things, (i) subject to no default or   event of default at the time of declaration, dividends by the Borrower in an   annual amount up to the greater of $350 million and 30% of EBITDA per fiscal   year; and (ii) unlimited additional amounts so long as (x) no   default or event of default has occurred and is continuing or would result   therefrom and (y) pro forma Total Leverage Ratio is less 2.50:1.00);
    

 

B-11

 

	
 
    	
 
    	
g)              prepayments or   redemptions of any subordinated, junior lien or unsecured indebtedness (collectively,   “Junior Debt”) or amendments of the   documents governing such Junior Debt in a manner (when taken as a whole)   materially adverse to the Lenders (which shall permit, among other things,   unlimited prepayments or redemptions of Junior Debt so long as (x) no   default or event of default has occurred and is continuing or would result   therefrom and (y) pro forma Total Leverage Ratio is less 2.50:1.00);
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
h)             burdensome   agreements (negative pledge clauses with respect to the Collateral),   subsidiary dividends and transfers of assets;
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
i)                 transactions   with affiliates;
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
j)                change in the   nature of their business or fiscal years; and

 

k)             negative pledge   with respect to U.S. owned real property and U.S. owned foreign IP not   constituting collateral.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The negative covenants will be subject, in the case   of each of the foregoing covenants, to exceptions (including an exception for   Permitted Restructuring Transactions (to be defined), qualifications and   “baskets” to be mutually agreed. In addition, certain negative covenants   shall include an “Available Amount Basket”,   which shall equal the sum, without duplication, of the following: (a) a   $250 million starter basket, plus (b) the retained portion of excess   cash flow (i.e. the portion of excess cash flow that is not required to be   offered to be applied to repay the Term Loans), plus (c) the cash   proceeds of new public common equity issuances of the Borrower, plus   (d) returns, profits, distributions and similar amounts received in cash   by the Borrower and its restricted subsidiaries on investments made using the   Available Amount Basket (not to exceed the original amount of such   investments made under the Available Amount Basket), plus   (e) investments of the Borrower and its restricted subsidiaries in any   unrestricted subsidiary out of the Available Amount Basket that has been   re-designated as a restricted subsidiary or that has been merged or   consolidated with or into the Borrower or any of its restricted subsidiaries   (not to exceed the original amount of such investments made under the   Available Amount Basket), plus (f) the aggregate amount of all “declined   proceeds”. Subject to compliance with a Total Leverage Ratio of no greater   than 3.00:1.00 and other customary conditions to be agreed, the Available   Amount Basket may be used for investments, dividends and distributions and   the prepayment or redemption of Junior Debt.

 

The Borrower and its restricted subsidiaries will be   permitted to make acquisitions of persons that become restricted subsidiaries   or of assets (including assets constituting a business unit, line of business   or division) (each, a “Permitted Acquisition”) and incur or assume   indebtedness in connection therewith subject to: (a) pro forma   compliance, after giving effect to any such transaction, with either   (i) a Total Leverage Ratio that is less than 4.00:1.00 or (ii) a   Total Leverage Ratio that is no greater than the Total Leverage Ratio   immediately prior to giving effect to any such acquisition; (b) no   default or event of default shall have occurred and be continuing or would   result therefrom; (c) the acquired entity or business is in the same   line of business or carries on, or is, a business complementary to that   carried on by the Borrower and its restricted subsidiaries; (d) the   Guarantors comply with the applicable covenants to provide Collateral and   guarantees; and (e) acquisitions of entities that do not become   Guarantors (or of assets that do not 
    

 

B-12

 

	
 
    	
 
    	
become Collateral) will be subject to the applicable   limitations on investments in non-Guarantor subsidiaries to be specified in   the Facility Documentation.
    
	
 
    	
 
    	
 
    
	
Financial Covenant:
    	
 
    	
None.
    
	
 
    	
 
    	
 
    
	
Unrestricted Subsidiaries:
    	
 
    	
The Facility Documentation will contain provisions   pursuant to which, the Borrower will be permitted to designate any existing   or subsequently acquired or organized subsidiary as an “unrestricted   subsidiary” and subsequently re-designate any such unrestricted subsidiary as   a restricted subsidiary so long as, after giving effect to any such   designation or re-designation, (a) the fair market value of such   subsidiary at the time it is designated as an “unrestricted subsidiary” shall   be treated as an investment by the Borrower at such time, (b) no event   of default under the Facility Documentation has occurred or is continuing or   would exist after giving effect thereto, (c) such subsidiary is not a   “restricted subsidiary” with respect to certain types of funded debt and   (d) other customary conditions to be agreed are satisfied. Unrestricted   subsidiaries will not be subject to the representation and warranties,   affirmative or negative covenant or event of default provisions of the   Facility Documentation (except as set forth herein with regard to certain   laws) and the results of operations and indebtedness of unrestricted   subsidiaries will not be taken into account for purposes of determining   compliance with any financial ratio contained in the Facility Documentation.
    
	
 
    	
 
    	
 
    
	
Events of Default:
    	
 
    	
Limited to the following (and subject to grace   periods, notice requirements, thresholds and materiality qualifications to be   mutually reasonably agreed (to be applicable to the Borrower and its   restricted subsidiaries only): nonpayment of principal, interest or other   amounts; violation of covenants (subject, in the case of certain affirmative   covenants, to a thirty day grace period after notice); incorrectness of   representations and warranties in any material respect; cross default and   cross acceleration to material indebtedness of an amount in excess of an   amount to be agreed; bankruptcy or other insolvency events of the Borrower or   its material restricted subsidiaries (with a 60 day grace period for   involuntary events); undischarged material monetary judgments of an amount in   excess of an amount to be agreed; ERISA or similar events; actual or asserted   (in writing) invalidity of material Guarantees or security interest in   Collateral or intercreditor agreement; and change of control (to be defined).
    
	
 
    	
 
    	
 
    
	
Voting:
    	
 
    	
Amendments and waivers of the Facility Documentation   will require the approval of Lenders holding more than 50% of the aggregate   amount of the Loans (the “Required Lenders”)   and no acknowledgment by the Administrative Agent shall be required, and   (i) the consent of each Lender directly and adversely affected thereby   shall be required with respect to: (A) increases in the commitment of   (other than with respect to any Incremental Term Facility to which such Lender   has agreed) such Lender (it being understood that a waiver of any condition   precedent or the waiver of any default, event of default or mandatory   prepayment shall not constitute an extension or increase of any commitment),   (B) reductions or forgiveness of principal (it being understood that a   waiver of any condition precedent or the waiver of any default, event of   default or mandatory prepayment or commitment reduction shall not constitute   a reduction or forgiveness in principal), interest (other than a waiver of default   interest) or fees (but not by virtue of a waiver or amendment to the terms of   any mandatory prepayment or any obligation to pay the default rate, or any   waiver or any change to a financial ratio), (C) 
    

 

B-13

 

	
 
    	
 
    	
extensions of scheduled amortization payments or   final maturity (it being understood that a waiver of any condition precedent   or the waiver of any default, event of default or mandatory prepayment or   commitment reduction shall not constitute an extension of any maturity date)   or the date for the payment of interest or fees (but not by virtue of a   waiver or amendment to the terms of any mandatory prepayment or any   obligation to pay the Default Rate, or any waiver or any change to a   financial ratio) and (D) amendments to pro rata sharing and pro rata   payment provisions, (ii) the consent of 100% of the Lenders will be   required with respect to (A) modifications to any of the voting   percentages and (B) releases of all or substantially all of the value of   the guarantees provided by Guarantors or releases of all or substantially all   of the Collateral (other than in connection with actions permitted under the   Facility Documentation) and (iii) customary protections for the Administrative   Agent will be provided. Defaulting lenders shall not be included in the   calculation of Required Lenders. Notwithstanding the foregoing, changes in   terms and conditions in the Facility Documentation made or proposed to be   made in connection with any Incremental Term Facility or Refinancing Facility   that benefit existing Lenders may be effected without the affirmative vote of   such Lender or Lenders.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The Facility Documentation shall contain customary   provisions for replacing defaulting lenders, replacing Lenders claiming   increased costs, tax gross ups and similar required indemnity payments and   replacing non-consenting Lenders in connection with amendments and waivers   requiring the consent of all Lenders or of all Lenders directly affected   thereby so long as Lenders holding more than 50% of the aggregate commitments   and outstandings under the Term Facility shall have consented thereto.

 

In addition, if the Administrative Agent and the   Borrower shall have jointly identified an obvious error or any error or   omission of a technical nature in the Facility Documentation, then the   Administrative Agent and the Borrower shall be permitted to amend such   provision without any further action or consent of any other party if the   same is not objected to in writing by the Required Lenders to the   Administrative Agent within 5 business days following receipt of notice   thereof.
    
	
 
    	
 
    	
 
    
	
Cost and Yield Protection:
    	
 
    	
The Facility Documentation will contain customary   provisions for facilities of this kind including, without limitation,   (i) tax gross-up provisions, (ii) increased costs and yield   protection provisions (including with respect to the Dodd-Frank Act and the   Basel Committee on Banking Regulations and Supervisory Practices) and   (iii) provisions indemnifying the Lenders for “breakage costs” incurred   in connection with, among other things, any prepayment of an Adjusted LIBOR   borrowings other than on the last day of the relevant interest period.
    
	
 
    	
 
    	
 
    
	
Assignments and Participations:
    	
 
    	
After the Closing Date, the Lenders will be   permitted to assign (other than to Disqualified Lenders and natural persons)   loans and/or commitments under the Term Facility or any Incremental Term   Facility with the consent of the Borrower (any such consent shall be deemed   to have been given after 10 business days’ notice if the Borrower fails to   respond) and the Administrative Agent (in each case not to be unreasonably   withheld or delayed); provided that   (A) no consent of the Borrower shall be required (i) after the   occurrence and during the continuance of a payment or bankruptcy event of   default or (ii) if such assignment is an assignment to another Lender,   an affiliate of a Lender or a related fund of a Lender and (B) no   consent of the Administrative Agent shall be required if such assignment is   an assignment of Loans to another Lender, an affiliate of a Lender or a   related fund of a Lender. Each assignment
    

 

B-14

 

	
 
    	
 
    	
(other than to another Lender, an affiliate of a   Lender or an approved fund) will be in an amount of (x) in the case of   the Term Facility or any Incremental Term Facility, $1,000,000 (or an   integral multiple of $1,000,000 in excess thereof) (or lesser amounts, if   agreed between the Borrower and the Administrative Agent) or (y) if   less, all of such Lender’s remaining loans and commitments of the applicable   class. Assignments will not be required to be pro rata among the applicable   Facility. The Administrative Agent shall receive a processing and recordation   fee of $3,500 for each assignment (except, (x) in the case of   contemporaneous assignments by any Lender to one or more approved funds, only   a single processing and recording fee shall be payable for such   assignments, (y) in the case of assignments by any of the Initial   Lenders or any of their affiliates in connection with the primary syndication   and (z) the Administrative Agent, in its sole discretion, may elect   to waive such processing and recording fee in the case of any assignment).
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The Lenders will be permitted to sell participations   (other than to Disqualified Lenders to the extent that a list of Disqualified   Lenders has been provided to the Lenders (and the Administrative Agent has   express authority to provide the list of Disqualified Institutions to all   Lenders)) in loans and commitments in accordance with customary provisions   for similar financings. The Administrative Agent shall not (i) be   obligated to ascertain, monitor or inquire as to whether any lender is a   Disqualified Institution or (ii) have any liability with respect to any   assignment of Term Loans to any Disqualified Institution.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Voting rights of participants shall be limited to   matters set forth under “Voting” above with respect to which the unanimous   vote of all Term Lenders (or all directly and adversely affected Term   Lenders, if the participant is directly and adversely affected) would be   required.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Non pro-rata assignments may be made to the Borrower   or any of its affiliates subject to voting limitations and other customary   conditions to be reasonably and mutually agreed by the Borrower and the Lead   Arrangers.
    
	
 
    	
 
    	
 
    
	
Expenses and Indemnification:
    	
 
    	
The Borrower shall pay all reasonable and documented   or invoiced out-of-pocket costs and expenses of the Administrative Agent, any   other agents and the Commitment Parties (without duplication) associated with   their due diligence investigation, the syndication of the Term Facility and   the preparation, execution and delivery, administration, amendment,   modification, waiver and/or enforcement of the Facility Documentation   (including the reasonable fees, disbursements and other charges of counsel   identified herein, a single local counsel in each relevant jurisdiction.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The Borrower and the Guarantors, jointly and severally,   will indemnify the Administrative Agent, any other agents, the Commitment   Parties and the Lenders (without duplication) and their affiliates, and the   officers, directors, employees, advisors, agents, controlling persons and   other representatives of the foregoing and their successors and permitted   assigns (each, an “Indemnified Party”),   and hold them harmless from and against any and all losses, claims, damages   and liabilities of any kind or nature and the reasonable and documented or   invoiced out-of-pocket fees and expenses incurred in connection with   investigating or defending any of the foregoing (including the reasonable   fees, disbursements and other charges of a single firm of counsel for all   Indemnified Parties, taken as a whole, and, if reasonably necessary, by a   single firm of local counsel in each appropriate jurisdiction material to the   interests of the Lenders (which may include a single firm of special counsel   acting in multiple 
    

 

B-15

 

	
 
    	
 
    	
jurisdictions) for all Indemnified Parties taken as   a whole (and, in the case of an actual conflict of interest, where the   Indemnified Party(s) affected by such conflict notifies the Borrower of   the existence of such conflict and thereafter retains its own counsel, by   another firm of counsel and another firm of local counsel in each appropriate   jurisdiction for such affected indemnified person)) of any such Indemnified   Party arising out of, resulting from or in connection with, any claim,   litigation, investigation or other proceeding (regardless of whether such   Indemnified Party is a party thereto or whether or not such action, claim,   litigation or proceeding was brought by the Borrower, its equity holders,   affiliates or creditors or any other person) relating to the Transactions,   including the financing contemplated hereby; provided   that no Indemnified Party will be indemnified for any loss, claim, damage,   liability, cost or expense to the extent it has resulted from (i) the   gross negligence, bad faith or willful misconduct of such Indemnified Party   or any Related Indemnified Party (as determined by a court of competent   jurisdiction in a final and non-appealable decision), (ii) a material   breach by such Indemnified Party or any Related Indemnified Party (as   determined by a court of competent jurisdiction in a final and non-appealable   decision) or (iii) any proceeding between and among Indemnified Parties   that does not involve an act or omission by the Borrower, the Company or its   restricted subsidiaries; provided that   the Administrative Agent, the Lead Arrangers, the Joint Bookrunners and any   other agents, to the extent acting in their capacity as such, shall remain   indemnified in respect of such proceeding, to the extent that none of the   exceptions set forth in any of clauses (i) or (ii) of the   immediately preceding proviso apply to such person at such time.
    
	
 
    	
 
    	
 
    
	
Governing Law and Forum:
    	
 
    	
New York.
    
	
 
    	
 
    	
 
    
	
Counsel to the Administrative Agent, Lead Arrangers   and Joint Bookrunners:
    	
 
    	
Latham & Watkins LLP.
    

 

B-16

 

ANNEX I

 

	
Interest Rates:
    	
 
    	
At the option of the Borrower:

 

(1) with respect to Tranche 1, Adjusted LIBOR   plus 3.25% or ABR plus 1.75%; and

 

(2) with respect to Tranche 2, Adjusted LIBOR   plus 3.50% or ABR plus 2.00%; and
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
The Borrower may elect interest periods of 1, 2, 3   or 6 months (or, if agreed by all relevant Lenders, 12 months or a shorter   period) for Adjusted LIBOR borrowings.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Calculation of interest shall be on the basis of the   actual days elapsed in a year of 360 days (or 365 or 366 days, as the case   may be, in the case of ABR loans when based on the prime rate).
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
Interest shall be payable in arrears (a) for   loans accruing interest at a rate based on Adjusted LIBOR at the end of each   interest period and, for interest periods of greater than 3 months, every   three months, and on the applicable maturity date and (b) for loans   accruing interest based on the ABR, quarterly in arrears and on the   applicable maturity date.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
“ABR”   means a fluctuating rate per annum   equal to the greatest of (x) the rate of interest last quoted by The   Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street   Journal ceases to quote such rate, the highest per annum   interest rate published by the Federal Reserve Board in Federal Reserve   Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime   loan” rate or, if such rate is no longer quoted therein, any similar rate   quoted therein (as determined by the Administrative Agent) or any similar   release by the Federal Reserve Board (as determined by the Administrative   Agent), (y) the Federal Funds effective rate plus 1/2 of 1.00% and (z) the one-month reserve   adjusted Eurodollar Rate plus 1.00%.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
“Adjusted LIBOR”   means a fluctuating rate per annum   equal to (x) the rate per annum determined by the Administrative Agent   to be the London interbank offered rate, as currently published on the   applicable Reuters screen page as administered by the ICE Benchmark Administration,   or (y) if the rate in clause (x) above does not appear on such   page or service or if such page or service is not available, the   rate per annum determined by the   Administrative Agent to be the offered rate on such other page or other   service which displays such rate as administered by the ICE Benchmark   Administration or (z) if the rates in clauses (x) and (y) are   not available, the rate determined by the Administrative Agent to be the   average offered quotation rate by major banks in the London interbank market,   in each case as adjusted for applicable reserve requirements; provided that,   at no time will the reserve adjusted Eurodollar Rate be deemed to be less   than 0.75% per annum.
    

 

B-1-1

 

Exhibit C

 

Project Princeton
 Summary of Additional Conditions(3)

 

The initial borrowing under the Term Facility shall be subject to the following conditions:

 

1.             Since the date hereof, there shall not have occurred and be continuing a Company Material Adverse Effect (as defined in the Merger Agreement); provided, that clause (b) of the definition of Company Material Adverse Effect shall be excluded from such definition for the purposes of determining satisfaction of the condition in this paragraph 1.

 

2.             The Acquisition shall have been consummated, or substantially simultaneously with the initial borrowing under the Term Facility, shall be consummated, in all material respects in accordance with the terms of the Merger Agreement, after giving effect to any modifications, amendments, consents or waivers by the parties thereto, other than those modifications, amendments, consents or waivers that are materially adverse to the interests of the Lenders or the Commitment Parties in their capacities as such (it being understood that any modification, amendment, consent or waiver to the definition of Company Material Adverse Effect shall be deemed to be materially adverse to the interests of the Lenders and the Commitment Parties), unless consented to in writing by the Lead Arrangers (such consent not to be unreasonably withheld, delayed or conditioned); provided that any reduction in the Acquisition Consideration of (x) less than 10% shall not be deemed to be materially adverse to the Lenders or the Commitment Parties if such decrease reduces the Term Facility on a dollar-for-dollar basis and (y) 10% or more shall be deemed to be materially adverse to the Lenders and the Commitment Parties.

 

3.             Substantially simultaneously with the initial borrowing under the Term Facility and the consummation of the Acquisition, the Refinancing shall be consummated.

 

4.             The Lead Arrangers shall have received (a) audited consolidated balance sheets of the Company and its consolidated subsidiaries and of the Borrower and its consolidated subsidiaries and related statements of income and cash flows of the Company and its consolidated subsidiaries and of the Borrower and its consolidated subsidiaries for the three most recently completed fiscal years ended at least 90 days prior to the Closing Date and (b) an unaudited consolidated balance sheet of the Company and its consolidated subsidiaries and of the Borrower and its consolidated subsidiaries as at the end of, and related statements of income and cash flows of the Company and its consolidated subsidiaries and of the Borrower and its consolidated subsidiaries for each subsequent fiscal quarter (other than the fourth fiscal quarter of a fiscal year) of the Company and its consolidated subsidiaries and of the Borrower and its consolidated subsidiaries, as applicable, subsequent to the last fiscal year for which financial statements were prepared pursuant to the preceding clause (a) and ended at least 45 days before the Closing Date (in the case of this clause (b), without footnotes) together with the consolidated balance sheet and related statements of income and cash flows for the corresponding portion of the previous year, in each case, prepared in accordance with GAAP. The Lead Arrangers hereby acknowledge receipt of the audited financial statements referred to in clause (a) above for the 2012, 2013 and 2014 fiscal years and

 

(3)                                 All capitalized terms used but not defined herein shall have the meaning given to them in the Commitment Letter to which this Exhibit C is attached, including Exhibits A and B thereto.  In the case of any such capitalized term that is subject to multiple and differing definitions, the appropriate meaning thereof in this Exhibit C shall be determined by reference to the context in which it is used.

 

 

the unaudited financial statements referred to in clause (b) above for the second fiscal quarter of the 2015 fiscal year.

 

5.             The Lead Arrangers shall have received a pro forma consolidated balance sheet and related pro forma consolidated statement of income of the Borrower and its consolidated subsidiaries as of, and for the twelve-month period ending on, the last day of the most recently completed four-fiscal quarter period ended at least 45 days (or 90 days, in case such four-fiscal quarter period is the end of the Borrower’s fiscal year) prior to the Closing Date, prepared (x) using the audited and unaudited consolidated balance sheets and related statements of income and cash flows delivered pursuant to paragraph 4 above for the comparable twelve-month period and (y) after giving effect to the Transactions as if the Transactions had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such income statements) which such financial statements need not be prepared in a manner consistent with Regulation S-X of the Securities Act of 1933, as amended, or include adjustments for purchase accounting (including adjustments of the type contemplated by Financial Accounting Standards Board Accounting Standards Codification 805, Business Combinations (formerly SFAS 141R)).

 

6.             Subject in all respects to the Limited Conditionality Provisions, all documents and instruments required to create and perfect the Administrative Agent’s security interest in the Collateral shall have been executed and delivered and, if applicable, be in proper form for filing.

 

7.             The Administrative Agent and the Lead Arrangers shall have received at least three business days prior to the Closing Date all documentation and other information about the Borrower and the Guarantors that shall have been reasonably requested by the Administrative Agent or the Lead Arrangers in writing at least 10 business days prior to the Closing Date and that the Administrative Agent and the Lead Arrangers reasonably determine is required by United States regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT Act.

 

8.             (i) The execution and delivery of the Facility Documentation (including guarantees by the applicable guarantors) which shall, in each case, be in accordance with the terms of the Commitment Letter and the Term Sheet and subject to the Limited Conditionality Provisions, and (ii) delivery to the Lead Arrangers of customary legal opinions, officer’s closing certificates, organizational documents, customary evidence of authorization and good standing certificates in jurisdictions of formation/organization, in each case with respect to the Borrower and the Guarantors (to the extent applicable) and a solvency certificate, as of the Closing Date and after giving effect to the Transactions substantially in the form of Annex I attached to this Exhibit C, of the Borrower’s chief financial officer, in each case, subject to the Limited Conditionality Provisions.

 

9.             All fees required to be paid on the Closing Date pursuant to the Fee Letter and reasonable out-of-pocket expenses required to be paid on the Closing Date pursuant to the Commitment Letter, to the extent (in the case of expenses only) invoiced at least two business days prior to the Closing Date (except as otherwise reasonably agreed by the Borrower), shall, upon the initial borrowing under the Term Facility, have been, or will be substantially simultaneously, paid (which amounts may be offset against the proceeds of the Term Facility).

 

10.          The Commitment Parties shall have been afforded a period (the “Marketing Period”) of at least 15 consecutive business days commencing upon delivery by the Borrower of information required for the Information Memorandum (other than portions thereof customarily provided by financing arrangers and limited, in the case of financial information, to the financial statement described in clauses (a) and (b) of paragraph 4 above) to syndicate the Term Facility (the “Marketing Information”); provided

 

C-2

 

that (i) November 27, 2015 shall not be considered a business day for purposes of the Marketing Period and (ii) such 15 consecutive business day period shall end on or prior to December 18, 2015 or commence on or after January 4, 2016.  If the Borrower in good faith reasonably believes it has delivered the Marketing Information, it may deliver to the Lead Arrangers a written notice to that effect, in which case the Borrower shall be deemed to have complied with such obligation to furnish the Marketing Information on the date such notice is received by the Lead Arrangers, and the 15 consecutive business day period referred to above will be deemed to have commenced on the date such notice is received by the Lead Arrangers, in each case, unless the Lead Arrangers in good faith reasonably believe that the Borrower has not completed delivery of such Marketing Information requested by the Lead Arrangers in accordance with the preceding sentence for use in the Information Memorandum and, within two business days after the receipt of such notice from the Borrower, the Lead Arrangers deliver a written notice to the Borrower to that effect (stating with reasonable specificity which such Marketing Information has not been delivered).

 

11.          (a) The Specified Merger Agreement Representations shall be accurate in all material respects on and as of the Closing Date, but only to the extent that the Borrower (or its affiliate) have the right (taking into account any applicable cure provisions) to terminate its (and/or its affiliate’s) obligations under the Merger Agreement or decline to consummate the Acquisition (in each case, in accordance with the terms thereof) as a result of such representation failing to be so accurate; and (b) the Specified Representations shall be accurate in all material respects (or in all respects if already subject to materiality) on and as of the Closing Date.

 

C-3

 

ANNEX I

 

Form of Solvency Certificate

 

[        ], 2016

 

This Solvency Certificate (this “Certificate”) is delivered pursuant to Section [  ] of the Credit Agreement, dated as of [     ] (as amended as of the date hereof, and as it may be further amended, supplemented or otherwise modified, the “Credit Agreement”), by and among Skyworks Solutions, Inc. (the “Borrower”), the lending institutions from time to time parties thereto and Barclays Bank PLC, as the Administrative Agent.  Unless otherwise defined herein, capitalized terms used in this Certificate shall have the meanings set forth in the Credit Agreement.

 

I, [       ], the Chief Financial Officer of the Borrower, in that capacity only and not in my individual capacity (and without personal liability), DO HEREBY CERTIFY on behalf of the Borrower that as of the date hereof, and based upon facts and circumstances as they exist as of the date hereof (and disclaiming any responsibility for changes in such facts and circumstances after the date hereof), that:

 

1.            For purposes of this certificate, the terms below shall have the following definitions:

 

(a)           “Fair Value”

 

The amount at which the assets (both tangible and intangible), in their entirety, of the Borrower and its subsidiaries taken as a whole would change hands between a willing buyer and a willing seller, within a commercially reasonable period of time, each having reasonable knowledge of the relevant facts, with neither being under any compulsion to act.

 

(b)           “Present Fair Salable Value”

 

The amount that could be obtained by an independent willing seller from an independent willing buyer if the assets of the Borrower and its subsidiaries taken as a whole are sold with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.

 

(c)           “Liabilities”

 

The recorded liabilities (including contingent liabilities that would be recorded in accordance with GAAP) of the Borrower and its subsidiaries taken as a whole, as of the date hereof after giving effect to the consummation of the Transactions, determined in accordance with GAAP consistently applied.

 

(d)           “Will be able to pay their Liabilities as they mature”

 

For the period from the date hereof through the Maturity Date, the Borrower and its subsidiaries on a consolidated basis taken as a whole will have sufficient assets and cash flow to pay their Liabilities as those liabilities mature or (in the case of contingent Liabilities) otherwise become payable, in light of business conducted or anticipated to be conducted by the Borrower and its subsidiaries as reflected in the projected financial statements and in light of the anticipated credit capacity.

 

C-4

 

(e)           “Do not have Unreasonably Small Capital”

 

The Borrower and its subsidiaries on a consolidated basis taken as a whole after consummation of the Transactions is a going concern and has sufficient capital to reasonably ensure that it will continue to be a going concern for the period from the date hereof through the Maturity Date.  I understand that “unreasonably small capital” depends upon the nature of the particular business or businesses conducted or to be conducted, and I have reached my conclusion based on the needs and anticipated needs for capital of the business conducted or anticipated to be conducted by the Borrower and its subsidiaries on a consolidated basis as reflected in the projected financial statements and in light of the anticipated credit capacity.

 

2.             Based on and subject to the foregoing, I hereby certify on behalf of the Borrower that after giving effect to the consummation of the Transactions, it is my opinion that (i) the Fair Value of the assets of the Borrower and its subsidiaries on a consolidated basis taken as a whole exceeds their Liabilities, (ii) the Present Fair Salable Value of the assets of the Borrower and its subsidiaries on a consolidated basis taken as a whole exceeds their Liabilities; (iii) the Borrower and its subsidiaries on a consolidated basis taken as a whole do not have Unreasonably Small Capital; and (iv) the Borrower and its subsidiaries taken as a whole will be able to pay their Liabilities as they mature.

 

3.             In reaching the conclusions set forth in this Certificate, the undersigned has made such investigations and inquiries as the undersigned has deemed appropriate, having taken into account the nature of the particular business anticipated to be conducted by the Borrower and its Subsidiaries after consummation of the transactions contemplated by the Credit Agreement.

 

[Remainder of Page Intentionally Left Blank]

 

C-5

 

IN WITNESS WHEREOF, I have executed this Certificate as of the date first written above.

 

	
 
    	
SKYWORKS   SOLUTIONS, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:   Chief Financial OfficerEX-10.1

 Exhibit 10.1 
  

			
	C L I F F O R D	 	CLIFFORD CHANCE LLP
		
	C H A N C E	 	

 Execution version 

AMENDMENT AGREEMENT 
 DATED 30
SEPTEMBER 2015 
 FOR 
 WABCO
HOLDINGS INC. 
 THE COMPANY 

ARRANGED BY 
 CITIGROUP GLOBAL
MARKETS LIMITED 
 AND 
 ING
BELGIUM SA/NV 
 ACTING AS BOOKRUNNERS AND MANDATED LEAD ARRANGERS 

AND 
 BANK OF AMERICA MERRILL
LYNCH INTERNATIONAL LIMITED 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 

BNP PARIBAS FORTIS SA/NV 
 CREDIT
LYONNAIS 
 THE ROYAL BANK OF SCOTLAND PLC 

AND 
 UNICREDIT BANK AG 

ACTING AS MANDATED LEAD ARRANGERS 

WITH 
 BANK OF AMERICA MERRILL
LYNCH INTERNATIONAL LIMITED 
 AS RESIGNING AGENT 

AND AS RESIGNING EURO SWINGLINE AGENT 

BANK OF AMERICA, N.A. 
 AS
RESIGNING DOLLAR SWINGLINE AGENT 
 AND AS RESIGNING ISSUING BANK 

CITIBANK N.A. 
 AS NEW DOLLAR
SWINGLINE AGENT 
 CITIBANK INTERNATIONAL LIMITED 

AS NEW AGENT 
 AND AS NEW EURO
SWINGLINE AGENT 
  
  

 
 AND 

CITIBANK, N.A., LONDON BRANCH 
 AS
NEW ISSUING BANK 
  
  

RELATING TO A FACILITY AGREEMENT 

DATED 8 JULY 2011 AS AMENDED PURSUANT TO 

AN AMENDMENT AGREEMENT DATED 23 AUGUST 

2013 
  

 

 CONTENTS 
  

							
	Clause	 	 	  	Page	 
			
	1.	 	Definitions and Interpretation	  	 	2	  
			
	2.	 	Representations	  	 	3	  
			
	3.	 	Restatement	  	 	3	  
			
	4.	 	Effective Date	  	 	3	  
			
	5.	 	Resignations, Appointments and Transfers	  	 	4	  
			
	6.	 	Continuity and Further Assurance	  	 	11	  
			
	7.	 	Fees, Costs and Expenses	  	 	12	  
			
	8.	 	Miscellaneous	  	 	12	  
			
	9.	 	Governing Law	  	 	13	  
		
	Schedule 1 The Parties	  	 	14	  
		
	Part I The Obligors	  	 	14	  
		
	Part II The Discharged Lender	  	 	14	  
		
	Part III The Continuing Lenders	  	 	14	  
		
	Part IV The Designated Entities	  	 	15	  
		
	Schedule 2 Conditions Precedent	  	 	16	  
		
	Schedule 3 Restated Agreement	  	 	18	  

  
 - i - 

 THIS AGREEMENT is dated 30 September 2015 and made between: 

 

	(1)	WABCO HOLDINGS INC. (the “Company”); 

  

	(2)	THE SUBSIDIARIES of the Company listed in Part I of Schedule 1 (The Parties) as borrowers (together with the Company, the “Borrowers”); 

 

	(3)	THE COMPANY as guarantor (the “Guarantor”); 

  

	(4)	CITIGROUP GLOBAL MARKETS LIMITED and ING BELGIUM SA/NV as bookrunners and mandated lead arrangers and BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED, THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., BNP
PARIBAS FORTIS SA/NV, CREDIT LYONNAIS, THE ROYAL BANK OF SCOTLAND PLC and UNICREDIT BANK AG as mandated lead arrangers (whether acting individually or together the “Arranger”); 

 

	(5)	CITIGROUP GLOBAL MARKETS LIMITED as coordinator (the “Coordinator”); 

  

	(6)	BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED as resigning agent (the “Resigning Agent”), as resigning euro swingline agent (the “Resigning Euro Swingline Agent”);

  

	(7)	BANK OF AMERICA N.A. as resigning dollar swingline agent (the “Resigning Dollar Swingline Agent”), as original dollar swingline lender (the “Original Dollar Swingline Lender”),
as original euro swingline lender (the “Original Euro Swingline Lender”) and as resigning issuing bank (the “Resigning Issuing Bank”); 

 

	(8)	CITIBANK N.A. as new dollar swingline agent (the “New Dollar Swingline Agent”), as new dollar swingline lender (the “New Dollar Swingline Lender”) and as new euro swingline
lender (the “New Euro Swingline Lender”); 

  

	(9)	CITIBANK INTERNATIONAL LIMITED as new agent (the “New Agent”) and as new euro swingline agent (the “New Euro Swingline Agent”); 

 

	(10)	CITIBANK, N.A., LONDON BRANCH as new issuing bank (the “New Issuing Bank”); 

  

	(11)	THE FINANCIAL INSTITUTION listed in Part II of Schedule 1 (The Parties) as discharged lender (the “Discharged Lender”); 

 

	(12)	THE FINANCIAL INSTITUTIONS listed in Part III of Schedule 1 (The Parties) as continuing lenders (the “Continuing Lenders”); and 

 

	(13)	THE FINANCIAL INSTITUTIONS listed in Part IV of Schedule 1 (The Parties) as the designated entities (the “Designated Entities”). 

  
 - 1 - 

 IT IS AGREED as follows: 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 In this Agreement: 

“Amended Facility Agreement” means the Original Facility Agreement, as amended and restated by this Agreement. 

“Effective Date” means the date on which each of the New Agent and the Resigning Agent confirms to the Lenders and the Company
that it has received each of the documents and other evidence listed in Schedule 2 (Conditions Precedent) in a form and substance satisfactory to the New Agent and the Resigning Agent (as applicable). 

“Fee Letter” means any letter or letters dated on or about the date of this Agreement between the New Agent or the New Issuing
Bank and the Company setting out any of the fees referred to in Clause 7 (Fees, Costs and Expenses) or clause 7.2 (Fees payable in respect of Letters of Credit) of the Amended Facility Agreement. 

“Guarantee Obligations” means the guarantee and indemnity obligations of a Guarantor contained in the Original Facility
Agreement. 
 “Lenders” means each of the Discharged Lender, the Continuing Lenders and the Designated Entities. 

“New Finance Documents” means this Agreement and each Fee Letter. 

“New Swingline Agents” means the New Dollar Swingline Agent and the New Euro Swingline Agent. 

“New Swingline Lenders” means the New Dollar Swingline Lender and the New Euro Swingline Lender. 

“Original Facility Agreement” means the facility agreement dated 8 July 2011 between the Company, the Original Borrowers,
the Resigning Agent, the Arranger, the Resigning Issuing Bank, the Resigning Swingline Agents, the Original Swingline Lenders and the other Lenders, as amended pursuant to an amendment agreement dated 23 August 2013. 

“Original Swingline Lenders” means the Original Dollar Swingline Lender and the Original Euro Swingline Lender. 

“Party” means a party to this Agreement. 

“Representations” means the representations set out in clause 27 (Representations) of the Amended Facility Agreement.

  
 - 2 - 

 “Resigning Swingline Agents” means the Resigning Dollar Swingline Agent and the
Resigning Euro Swingline Agent. 
  

	1.2	Incorporation of defined terms 

  

	 	(a)	Unless a contrary indication appears, a term defined in the Original Facility Agreement has the same meaning in this Agreement. 

  

	 	(b)	The principles of construction set out in the Original Facility Agreement shall have effect as if set out in this Agreement. 

  

	1.3	Clauses 

 In this Agreement any reference to a “Clause” or a
“Schedule” is, unless the context otherwise requires, a reference to a Clause in or a Schedule to this Agreement. 
  

	1.4	Third party rights 

 A person who is not a party to this Agreement has no right under the
Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of any term of this Agreement. 
  

	1.5	Designation 

 In accordance with the Original Facility Agreement, each of the Company and
the Resigning Agent designates each New Finance Document as a Finance Document. 
  

	2.	REPRESENTATIONS 

 The Representations are deemed to be made by each Obligor (by reference
to the facts and circumstances then existing) on: 
  

	 	(a)	the date of this Agreement; and 

  

	 	(b)	the Effective Date, 

 and references to “this Agreement” in the Representations should
be construed as references to this Agreement and to the Original Facility Agreement and on the Effective Date, to the Amended Facility Agreement. 
  

	3.	RESTATEMENT 

  

	3.1	Restatement of the Original Facility Agreement 

 With effect from the Effective Date the
Original Facility Agreement shall be amended and restated so that it shall be read and construed for all purposes as set out in Schedule 3 (Restated Agreement). 
  

	4.	EFFECTIVE DATE 

  

	 	(a)	The New Agent and the Resigning Agent shall notify the Lenders and the Company promptly upon satisfaction of the condition set out in the definition of Effective Date. 

  
 - 3 - 

	 	(b)	Other than to the extent that the Majority Lenders notify the New Agent and the Resigning Agent in writing to the contrary before the New Agent and the Resigning Agent give the notification described in paragraph
(a) above, the Lenders authorise (but do not require) the New Agent and the Resigning Agent to give that notification. The New Agent and the Resigning Agent shall not be liable for any damages, costs or losses whatsoever as a result of giving
any such notification. 

  

	5.	RESIGNATIONS, APPOINTMENTS AND TRANSFERS 

  

	5.1	Agent 

  

	 	(a)	Each of the Company and the Finance Parties hereby agrees to waive the requirement in clause 34.11 (Resignation of the Agent) of the Original Facility Agreement for 30 days’ notice from the Resigning Agent
to resign. 

  

	 	(b)	With effect from the Effective Date and pursuant to paragraph (b) of clause 34.11 (Resignation of the Agent) of the Original Facility Agreement: 

 

	 	(i)	the Resigning Agent resigns as Agent under and in connection with the Finance Documents; and 

  

	 	(ii)	the Majority Lenders (having consulted the Company) hereby appoint the New Agent in place of the Resigning Agent as successor Agent under and in connection with the Finance Documents. 

 

	 	(c)	The New Agent hereby: 

  

	 	(i)	acknowledges, agrees to and accepts its appointment as successor Agent for the Finance Parties under and in connection with the Finance Documents; and 

 

	 	(ii)	agrees to assume all obligations of the Resigning Agent in its capacity as Agent under the Finance Documents. 

  

	 	(d)	Each Party acknowledges that upon the appointment of the New Agent as successor Agent under the Finance Documents pursuant to paragraph (b) of this Clause 5.1: 

 

	 	(i)	the Resigning Agent will be fully discharged from any further liability or obligation as Agent under the Finance Documents; 

  

	 	(ii)	the Resigning Agent shall remain entitled to the benefit of clause 23.3 (Indemnity to the Agent) and clause 34 (Role of the Agent and the Arranger) of the Original Facility Agreement; and

  

	 	(iii)	the New Agent and each of the parties to the Amended Facility Agreement shall have the same rights and obligations amongst themselves as they would have had if the New Agent had been an original party to the Original
Facility Agreement as Agent provided that the New Agent shall not be responsible for, and shall have no liability in respect of, any action taken or not taken by the Resigning Agent in its capacity as Agent under the Finance Documents.

  
 - 4 - 

	 	(e)	In accordance with paragraph (c) of clause 34.11 (Resignation of the Agent) of the Original Facility Agreement, the Resigning Agent shall, at its own cost, make available to the New Agent such documents and
records and provide such assistance as the New Agent may reasonably request for the purposes of performing its functions as Agent under the Finance Documents. 

  

	 	(f)	The New Agent confirms to the Lenders and the Obligors that for the purpose of paragraph (b) of clause 37.1 (Payments to the Agent) of the Original Facility Agreement the account of the New Agent shall be
notified to the Lenders and the Obligors (or the Company on behalf of itself and each other Obligor) from time to time. 

  

	5.2	Issuing Bank, Dollar Swingline Agent and Euro Swingline Agent 

  

	 	(a)	With effect from the Effective Date and with the consent of each Party: 

  

	 	(i)	the Resigning Issuing Bank: 

  

	 	(A)	resigns as the Issuing Bank under and in connection with the Finance Documents; and 

  

	 	(B)	is fully discharged from any further liability or obligation as Issuing Bank under the Finance Documents; 

  

	 	(ii)	the Resigning Dollar Swingline Agent: 

  

	 	(A)	resigns as Dollar Swingline Agent under and in connection with the Finance Documents; and 

  

	 	(B)	is fully discharged from any further liability or obligation as Dollar Swingline Agent under the Finance Documents; and 

  

	 	(iii)	the Resigning Euro Swingline Agent: 

  

	 	(A)	resigns as Euro Swingline Agent under and in connection with the Finance Documents; and 

  

	 	(B)	is fully discharged from any further liability or obligation as Euro Swingline Agent under the Finance Documents. 

  

	 	(b)	With effect from the Effective Date, each Party: 

  

	 	(i)	appoints the New Issuing Bank as the successor Issuing Bank under the Finance Documents and the New Issuing Bank: 

  

	 	(A)	acknowledges, agrees to and accepts its appointment as successor Issuing Bank under the Finance Documents; and 

  
 - 5 - 

	 	(B)	agrees to assume all obligations of the Resigning Issuing Bank in its capacity as Issuing Bank under the Finance Documents; 

  

	 	(ii)	appoints the New Dollar Swingline Agent as the successor Dollar Swingline Agent under the Finance Documents and the New Dollar Swingline Agent: 

 

	 	(A)	acknowledges, agrees to and accepts its appointment as successor Dollar Swingline Agent under the Finance Documents; and 

  

	 	(B)	agrees to assume all obligations of the Resigning Dollar Swingline Agent in its capacity as Dollar Swingline Agent under the Finance Documents; 

 

	 	(iii)	appoints the New Euro Swingline Agent as the successor Euro Swingline Agent under the Finance Documents and the New Euro Swingline Agent: 

 

	 	(A)	acknowledges, agrees to and accepts its appointment as successor Euro Swingline Agent under the Finance Documents; and 

  

	 	(B)	agrees to assume all obligations of the Resigning Euro Swingline Agent in its capacity as Euro Swingline Agent under the Finance Documents; 

 

	 	(iv)	acknowledges that upon the appointment of the New Issuing Bank as successor Issuing Bank under the Finance Documents pursuant to this paragraph (b), the New Issuing Bank and each of the parties to the Amended Facility
Agreement shall have the same rights and obligations amongst themselves as they would have had if the New Issuing Bank had been an original party to the Original Facility Agreement as Issuing Bank provided that the New Issuing Bank shall not be
responsible for, and shall have no liability in respect of, any action taken or not taken by the Resigning Issuing Bank in its capacity as Issuing Bank under the Finance Documents; and 

 

	 	(v)	acknowledges that upon the appointment of the New Swingline Agents as successor Swingline Agents under the Finance Documents pursuant to this paragraph (b), each New Swingline Agent and each of the parties to the
Amended Facility Agreement shall have the same rights and obligations amongst themselves as they would have had if such New Swingline Agent had been an original party to the Original Facility Agreement as Swingline Agent provided that the New
Swingline Agents shall not be responsible for, and shall have no liability in respect of, any action taken or not taken by the Resigning Swingline Agents in their capacity as Swingline Agents under the Finance Documents. 

  
 - 6 - 

	5.3	Original Swingline Lenders 

  

	 	(a)	On the Effective Date (whether or not a Default is continuing) each Original Swingline Lender shall transfer by novation all of its rights and obligations under the Finance Documents in respect of the Dollar Swingline
Facility and the Euro Swingline Facility, so that: 

  

	 	(i)	each of the New Swingline Lender and the New Euro Swingline Lender become the Dollar Swingline Lender and Euro Swingline Lender (respectively) under the Amended Facility Agreement; and 

 

	 	(ii)	each of the Original Dollar Swingline Lender and the Original Euro Swingline Lender shall cease to be the Dollar Swingline Lender and Euro Swingline Lender (respectively). 

 

	 	(b)	The transfer by novation set out in paragraph (a) above shall take effect on the Effective Date so that in respect of the Dollar Swingline Facility and the Euro Swingline Facility: 

 

	 	(i)	each of the Obligors and each of the Original Swingline Lenders shall be released from further obligations towards one another under the Finance Documents and their respective rights against one another under the
Finance Documents shall be cancelled (being the “Swingline Discharged Rights and Obligations”); 

  

	 	(ii)	each of the Obligors and each of the New Swingline Lenders shall assume obligations towards one another and/or acquire rights against one another which differ from the Swingline Discharged Rights and Obligations only
insofar as that Obligor and the relevant New Swingline Lender have assumed and/or acquired the same in place of that Obligor and the relevant Original Swingline Lender; 

 

	 	(iii)	the New Agent, the Arranger, the New Issuing Bank, the New Swingline Agents, each New Swingline Lender and the Continuing Lenders shall acquire the same rights and assume the same obligations between themselves as they
would have acquired and assumed had the relevant New Swingline Lender been the relevant Original Swingline Lender with the rights and/or obligations acquired or assumed by it as a result of the transfer and to that extent the New Agent, the
Arranger, the New Issuing Bank, the New Swingline Agents, the Continuing Lenders and the relevant Original Swingline Lender shall each be released from further obligations to each other under the Finance Documents; 

 

	 	(iv)	the New Dollar Swingline Lender shall become a Party as the “Dollar Swingline Lender”; and 

  

	 	(v)	the New Euro Swingline Lender shall become a Party as the “Euro Swingline Lender”. 

  
 - 7 - 

	 	(c)	Any amounts payable to the Original Swingline Lenders by the Obligors pursuant to any Finance Document on or before the Effective Date (including, without limitation, all interest, fees and commission payable on the
Effective Date) in respect of any period ending on or prior to the Effective Date shall be for the account of the Original Swingline Lenders and neither of the New Swingline Lenders shall have any interest in, or any rights in respect of, any such
amount. 

  

	 	(d)	Each New Swingline Lender confirms to each Original Swingline Lender and the other Finance Parties that it: 

  

	 	(i)	has received a copy of the Original Facility Agreement together with such other information as it has required in connection with this transaction; 

 

	 	(ii)	has made (and shall continue to make) its own independent investigation and assessment of the financial condition and affairs of each Obligor and its related entities in connection with its participation in this
Agreement and the Amended Facility Agreement and has not relied exclusively on any information provided to it by any Original Swingline Lender in connection with any Finance Document; and 

 

	 	(iii)	will continue to make its own independent appraisal of the creditworthiness of each Obligor and its related entities whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in force.

  

	 	(e)	Unless expressly agreed to the contrary, the Original Swingline Lenders make no representation or warranty and assume no responsibility to the New Swingline Lenders for: 

 

	 	(i)	the legality, validity, effectiveness, adequacy or enforceability of the Finance Documents or any other documents; 

  

	 	(ii)	the financial condition of any Obligor; 

  

	 	(iii)	the performance and observance by any Obligor of its obligations under the Finance Documents or any other documents; or 

  

	 	(iv)	the accuracy of any statements (whether written or oral) made in or in connection with the Finance Documents or any other document, 

and any representations or warranties implied by law are excluded. 
  

	 	(f)	Nothing in any Finance Document obliges any Original Swingline Lender to: 

  

	 	(i)	accept a re-transfer from any New Swingline Lender of any of the rights and obligations transferred by novation under this Agreement; or 

 

	 	(ii)	in its capacity as an Original Swingline Lender, support any losses directly or indirectly incurred by a New Swingline Lender by reason of the non-performance by any Obligor of its obligations under the Finance
Documents or otherwise. 

  
 - 8 - 

	5.4	Discharged Lender 

  

	 	(a)	On the Effective Date (whether or not a Default is continuing) the Discharged Lender shall transfer by novation all or part of its Commitment, rights and obligations under the Finance Documents to a Continuing Lender,
so that: 

  

	 	(i)	each Continuing Lender will remain a Lender under the Amended Facility Agreement but with an increased Commitment as set out in the relevant column opposite its name in Part III of Schedule 1 (The Parties); and

  

	 	(ii)	the Discharged Lender’s Commitment shall be reduced to zero, and the Discharged Lender shall cease to be a Lender. 

  

	 	(b)	The transfer by novation set out in paragraph (a) above shall take effect on the Effective Date so that: 

  

	 	(i)	each of the Obligors and the Discharged Lender shall be released from further obligations towards one another under the Finance Documents and their respective rights against one another under the Finance Documents shall
be cancelled (being the “Discharged Lender Discharged Rights and Obligations”); 

  

	 	(ii)	each of the Obligors and each Continuing Lender shall assume obligations towards one another and/or acquire rights against one another which differ from the Discharged Lender Discharged Rights and Obligations only
insofar as that Obligor and the relevant Continuing Lender have assumed and/or acquired the same in place of that Obligor and the Discharged Lender; and 

  

	 	(iii)	the New Agent, the Arranger, the New Issuing Bank, the New Swingline Agents, the New Swingline Lenders and the Continuing Lenders shall acquire the same rights and assume the same obligations between themselves as they
would have acquired and assumed had the Continuing Lender been an Original Lender in respect of its increased Commitment with the rights and/or obligations acquired or assumed by it as a result of the transfer and to that extent the New Agent, the
Arranger, the New Issuing Bank, the New Swingline Agents, the New Swingline Lenders and the Discharged Lender shall each be released from further obligations to each other under the Finance Documents. 

 

	 	(c)	Any amounts payable to the Discharged Lender by the Obligors pursuant to any Finance Document on or before the Effective Date (including, without limitation, all interest, fees and commission payable on the Effective
Date) in respect of any period ending on or prior to the Effective Date shall be for the account of the Discharged Lender and none of the Continuing Lenders shall have any interest in, or any rights in respect of, any such amount. 

  
 - 9 - 

	 	(d)	Each Continuing Lender confirms to the Discharged Lender and the other Finance Parties that it: 

  

	 	(i)	has received a copy of the Original Facility Agreement together with such other information as it has required in connection with this transaction; 

 

	 	(ii)	has made (and shall continue to make) its own independent investigation and assessment of the financial condition and affairs of each Obligor and its related entities in connection with its participation in this
Agreement and the Amended Facility Agreement and has not relied exclusively on any information provided to it by the Discharged Lender in connection with any Finance Document; and 

 

	 	(iii)	will continue to make its own independent appraisal of the creditworthiness of each Obligor and its related entities whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in force.

  

	 	(e)	Unless expressly agreed to the contrary, the Discharged Lender makes no representation or warranty and assume no responsibility to the Continuing Lenders for: 

 

	 	(i)	the legality, validity, effectiveness, adequacy or enforceability of the Finance Documents or any other documents; 

  

	 	(ii)	the financial condition of any Obligor; 

  

	 	(iii)	the performance and observance by any Obligor of its obligations under the Finance Documents or any other documents; or 

  

	 	(iv)	the accuracy of any statements (whether written or oral) made in or in connection with the Finance Documents or any other document, 

and any representations or warranties implied by law are excluded. 
  

	 	(f)	Nothing in any Finance Document obliges the Discharged Lender to: 

  

	 	(i)	accept a re-transfer from any Continuing Lender of any of the rights and obligations transferred by novation under this Agreement; or 

 

	 	(ii)	support any losses directly or indirectly incurred by a Continuing Lender by reason of the non-performance by any Obligor of its obligations under the Finance Documents or otherwise. 

 

	5.5	Administrative details 

  

	 	(a)	Each of the New Agent, the New Issuing Bank and the New Swingline Agents confirms that its address, fax number, email address and attention details for the purposes of clause 39 (Notices) of the Amended Facility
Agreement are those identified with its name below. 

  
 - 10 - 

	 	(b)	Each New Swingline Lender and each Continuing Lender confirms that its address, fax number, email address and attention details for the purposes of clause 39 (Notices) of the Amended Facility Agreement are those
notified to the New Agent on or prior to the Effective Date. 

  

	5.6	Consents and waivers 

  

	 	(a)	Each Party: 

  

	 	(i)	consents to the transfer of the Commitment of the Discharged Lender to the Continuing Lenders; 

  

	 	(ii)	consents to the New Swingline Lenders becoming Swingline Lenders; and 

  

	 	(iii)	waives the requirements of clause 32 (Changes to the Lenders) of the Original Facility Agreement for the purposes of this Agreement and for the transfers by novation effected pursuant to this Agreement.

  

	 	(b)	The Resigning Agent waives the requirement for the payment of the fee referred to in clause 32.3 (Assignment or transfer fee) of the Original Facility Agreement in respect of the transfers by
novation effected pursuant to this Agreement. 

  

	6.	CONTINUITY AND FURTHER ASSURANCE 

  

	6.1	Continuing obligations 

 The provisions of the Original Facility Agreement and the other
Finance Documents shall, save as amended by this Agreement, continue in full force and effect and this Agreement shall not: 
  

	 	(a)	affect any rights or obligations of the parties to the Finance Documents which have arisen or accrued under the provisions of the Facility Agreement and the Finance Documents to which the Resigning Agent, the Resigning
Issuing Bank, the Resigning Swingline Agents and the Original Swingline Lenders are a party prior to the Effective Date or which relate to a period prior to the Effective Date; and 

 

	 	(b)	be interpreted as a waiver of any such right or obligation by any of the parties thereto. 

  

	6.2	Confirmation of Guarantee Obligations 

 For the avoidance of doubt, the Guarantor
confirms for the benefit of the Finance Parties that all Guarantee Obligations owed by it under the Original Facility Agreement shall (a) remain in full force and effect notwithstanding the amendments referred to in Clause 3.1 (Restatement
of the Original Facility Agreement) and (b) extend to any new obligations assumed by any Obligor under the Finance Documents as a result of this Agreement (including, but not limited to, under the Amended Facility Agreement). 

  
 - 11 - 

	6.3	Further assurance 

 Each Obligor, shall, at the request of the Agent and at such
Obligor’s own expense, do all such acts and things necessary or desirable to give effect to the amendments effected or to be effected pursuant to this Agreement. 
  

	7.	FEES, COSTS AND EXPENSES 

  

	7.1	Bookrunner and arrangement fee 

 The Company shall pay to each Arranger: 

 

	 	(a)	which is a bookrunner and mandated lead arranger, a bookrunning fee; and 

  

	 	(b)	which is a mandated lead arranger, an arrangement fee, 

 each in the amount and at the times
agreed in a Fee Letter. 
  

	7.2	New Agent fee 

 The Company shall pay to the New Agent (for its own account) an agency
fee in the amount and at the times agreed in a Fee Letter. 
  

	7.3	Transaction expenses 

 The Company shall promptly on demand pay the Resigning Agent and
the Coordinator the amount of all costs and expenses (including but not limited to legal fees) reasonably incurred by either of them in an amount certified by it in reasonable detail in connection with the negotiation, preparation, printing and
execution of this Agreement and any other documents referred to in this Agreement, subject to a cap of USD 15,000 (excluding legal fees). 
  

	8.	MISCELLANEOUS 

  

	8.1	Incorporation of terms 

 The provisions of clause 39 (Notices), clause 41
(Partial invalidity), clause 42 (Remedies and waivers) and clause 48 (Enforcement) of the Original Facility Agreement shall be incorporated into this Agreement as if set out in full in this Agreement and as if references in
those clauses to: 
  

	 	(a)	“this Agreement” or “the Finance Documents” are references to this Agreement; 

  

	 	(b)	“Party” or “Finance Party” included the New Agent, the New Issuing Bank, the New Swingline Agents and the New Swingline Lenders; and 

 

	 	(c)	“Lender” included the New Swingline Lenders. 

  
 - 12 - 

	8.2	Counterparts 

 This Agreement may be executed in any number of counterparts, and this has
the same effect as if the signatures on the counterparts were on a single copy of this Agreement. 
  

	9.	GOVERNING LAW 

 This Agreement and any non-contractual obligations arising out of or in
connection with it are governed by English law. 
 This Agreement has been entered into on the date stated at the beginning of this Agreement. 

  
 - 13 - 

 SCHEDULE 1 

THE PARTIES 
 PART I

 THE OBLIGORS 
  

			
	Name of Borrower	 	Registration number (or equivalent, if any)
	WABCO Holdings Inc.	 	4283982 (Record No. with the Delaware Secretary of State)
		
	WABCO Europe BVBA	 	0475.956.135
		
	WABCO Financial Services Sprl	 	0881.425.934
		
	WABCO Asia Private Ltd.	 	200607693H
		
	WABCO Hong Kong Limited	 	1143938

 PART II 

THE DISCHARGED LENDER 
  

					
	Name of Discharged Lender	  	Commitment	 
	 Société Générale
	  	 	0	  

 PART III 

THE CONTINUING LENDERS 
  

					
	Name of Continuing Lender	  	Commitment (USD)	 
	 Citibank, N.A., London Branch
	  	 	59,000,000	  
	 ING Belgium SA/NV
	  	 	59,000,000	  
	 Bank of America Merrill Lynch International Limited
	  	 	47,000,000	  
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	 	47,000,000	  
	 BNP Paribas Fortis SA/NV
	  	 	47,000,000	  
	 Credit Lyonnais
	  	 	47,000,000	  
	 The Royal Bank of Scotland plc
	  	 	47,000,000	  
	 UniCredit Bank AG
	  	 	47,000,000	  
	 Total:
	  	 	400,000,000	  

  
 - 14 - 

 PART IV 

THE DESIGNATED ENTITIES 
  

					
	Related Lender	    	Designated Entity	    	Jurisdiction
	Bank of America Merrill Lynch International Limited	    	Bank of America N.A.	    	United States, Hong Kong
			
	Bank of America Merrill Lynch International Limited	    	Bank of America N.A., Hong Kong Branch	    	Hong Kong
			
	Bank of America Merrill Lynch International Limited	    	Bank of America N.A., London Branch	    	United States, Hong Kong
			
	Bank of America Merrill Lynch International Limited	    	Bank of America N.A., Singapore Branch	    	Singapore
			
	Citibank, N.A., London Branch	    	Citibank, N.A., Singapore Branch	    	Singapore
			
	Citibank, N.A., London Branch	    	Citibank, N.A., Hong Kong Branch	    	Hong Kong

  
 - 15 - 

 SCHEDULE 2 

CONDITIONS PRECEDENT 
  

	1.	Obligors 

  

	 	(a)	A copy of the constitutional documents of each Obligor or a certificate of each relevant Obligor (signed by a director or manager or by a Financial Officer of the relevant Obligor duly authorised by the board of
directors or managers) certifying that the constitutional documents previously delivered to the Resigning Agent for the purposes of the Original Facility Agreement have not been amended and remain in full force and effect. 

 

	 	(b)	A copy of a resolution of the board of directors or managers of each Obligor: 

  

	 	(i)	approving the terms of, and the transactions contemplated by, the New Finance Documents (including, for the avoidance of doubt, the Amended Facility Agreement) and resolving that it execute the New Finance Documents to
which it is a party; 

  

	 	(ii)	in the case of each Belgian Obligor, setting out the reasons why the board of directors or managers of that Obligor considered that the entry into the New Finance Documents (including, for the avoidance of doubt, the
Amended Facility Agreement) to which it is a party is of benefit to that Obligor; 

  

	 	(iii)	authorising a specified person or persons to execute the New Finance Documents to which it is a party on its behalf; and 

  

	 	(iv)	authorising a specified person or persons, on its behalf, to sign and/or despatch all documents and notices (including, if relevant, any Utilisation Request) to be signed and/or despatched by it under or in connection
with the New Finance Documents (including, for the avoidance of doubt, the Amended Facility Agreement) to which it is a party. 

  

	 	(c)	A specimen of the signature of each person authorised by the resolution referred to in paragraph (b) above. 

  

	 	(d)	A copy of a good standing certificate with respect to each U.S. Obligor, issued as of a recent date satisfactory to the New Agent and the Resigning Agent by the Secretary of State or other appropriate official of each
U.S. Obligor’s jurisdiction of incorporation or organisation. 

  

	 	(e)	A certificate in form and substance satisfactory to the New Agent and the Resigning Agent of the chief financial officer or director of each U.S. Obligor as to the solvency of such U.S. Obligor. 

 

	 	(f)	A certificate of each Obligor (signed by a director or manager or by a Financial Officer of the relevant Obligor duly authorised by the board of directors or managers) certifying that each copy document relating to it
specified in this Schedule 2 is correct, complete and in full force and effect as at a date no earlier than the date of this Agreement. 

  
 - 16 - 

	2.	Legal Opinions 

  

	 	(a)	A legal opinion of Clifford Chance LLP, legal advisers to the Finance Parties in England, substantially in the form distributed to the Lenders prior to signing this Agreement. 

 

	 	(b)	If an Obligor is incorporated in a jurisdiction other than England and Wales, a legal opinion of the legal advisers to the Finance Parties in the relevant jurisdiction, substantially in the form distributed to the
Lenders prior to signing this Agreement. 

  

	3.	Other documents and evidence 

  

	 	(a)	A copy of each New Finance Document duly executed by the Obligors party to it. 

  

	 	(b)	The audited financial statements of each Obligor (consolidated in the case of the Company) for its financial year ended 31 December 2014. 

 

	 	(c)	Evidence that any agent for service of process referred to in clause 48.2 (Service of process) of the Original Facility Agreement (as incorporated into this Agreement pursuant to Clause 8 (Miscellaneous))
has accepted its appointment. 

  

	 	(d)	A copy of any other Authorisation or other document, opinion or assurance which the Resigning Agent or the New Agent considers to be necessary or desirable (if it has notified the Company accordingly prior to the date
of this Agreement) in connection with the entry into and performance of the transactions contemplated by this Agreement or for the validity and enforceability of this Agreement. 

 

	 	(e)	Evidence of payment of all fees, costs and expenses then due from the Company pursuant to Clause 7 (Costs and expenses). 

  
 - 17 - 

 SCHEDULE 3 

RESTATED AGREEMENT 

  
 - 18 - 

			
	C L I F F O R D	 	CLIFFORD CHANCE LLP
		
	C H A N C E	 	

 Execution version 

USD400,000,000 
 FACILITY AGREEMENT

 FOR 
 WABCO HOLDINGS INC.

 ARRANGED BY 
 CITIGROUP
GLOBAL MARKETS LIMITED 
 AND 

ING BELGIUM SA/NV 
 ACTING AS
BOOKRUNNERS AND MANDATED LEAD ARRANGERS 
 AND 

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 

BNP PARIBAS FORTIS SA/NV 
 CREDIT
LYONNAIS 
 THE ROYAL BANK OF SCOTLAND PLC 

AND 
 UNICREDIT BANK AG 

ACTING AS MANDATED LEAD ARRANGERS 

WITH 
 CITIGROUP GLOBAL MARKETS
LIMITED 
 ACTING AS COORDINATOR 

AND 
 CITIBANK INTERNATIONAL
LIMITED 
 ACTING AS AGENT 
  

 
 MULTICURRENCY
REVOLVING FACILITY 
 AGREEMENT 

INCORPORATING A U.S. DOLLAR SWINGLINE 

FACILITY, A EURO SWINGLINE FACILITY AND A 

LETTER OF CREDIT FACILITY 
  

 
  

 

							
	CONTENTS	 
	Clause	  	Page	 
			
	1.	  	Definitions and Interpretation	  	 	4	  
			
	2.	  	The Facility	  	 	34	  
			
	3.	  	Purpose	  	 	37	  
			
	4.	  	Conditions of Utilisation	  	 	38	  
			
	5.	  	Utilisation - Revolving Facility Loans	  	 	40	  
			
	6.	  	Utilisation - Letters of Credit	  	 	41	  
			
	7.	  	Letters of Credit	  	 	46	  
			
	8.	  	Dollar Swingline Facility	  	 	53	  
			
	9.	  	Utilisation - Dollar Swingline Loans	  	 	54	  
			
	10.	  	Dollar Swingline Loans	  	 	55	  
			
	11.	  	Euro Swingline Facility	  	 	59	  
			
	12.	  	Utilisation - Euro Swingline Loans	  	 	60	  
			
	13.	  	Euro Swingline Loans	  	 	61	  
			
	14.	  	Optional Currencies	  	 	64	  
			
	15.	  	Repayment of Loans	  	 	65	  
			
	16.	  	Prepayment and Cancellation	  	 	66	  
			
	17.	  	Interest	  	 	71	  
			
	18.	  	Interest Periods	  	 	72	  
			
	19.	  	Changes to the Calculation of Interest	  	 	72	  
			
	20.	  	Fees	  	 	75	  
			
	21.	  	Tax Gross Up and Indemnities	  	 	76	  
			
	22.	  	Increased Costs	  	 	83	  
			
	23.	  	Other Indemnities	  	 	85	  
			
	24.	  	Mitigation by the Lenders	  	 	87	  
			
	25.	  	Costs and Expenses	  	 	87	  
			
	26.	  	Guarantee and Indemnity	  	 	89	  
			
	27.	  	Representations	  	 	93	  
			
	28.	  	Information Undertakings	  	 	99	  
			
	29.	  	Financial Covenants	  	 	104	  
			
	30.	  	General Undertakings	  	 	108	  
			
	31.	  	Events of Default	  	 	114	  
			
	32.	  	Changes to the Lenders	  	 	118	  
			
	33.	  	Changes to the Obligors	  	 	125	  
			
	34.	  	Role of the Agent and the Arranger	  	 	128	  

							
			
	35.	  	Conduct of Business by the Finance Parties	  	 	138	  
			
	36.	  	Sharing among the Finance Parties	  	 	139	  
			
	37.	  	Payment Mechanics	  	 	141	  
			
	38.	  	Set-off	  	 	144	  
			
	39.	  	Notices	  	 	145	  
			
	40.	  	Calculations and Certificates	  	 	147	  
			
	41.	  	Partial Invalidity	  	 	147	  
			
	42.	  	Remedies and Waivers	  	 	148	  
			
	43.	  	Amendments and Waivers	  	 	148	  
			
	44.	  	Confidential Information	  	 	149	  
			
	45.	  	Confidentiality of Funding Rates and Reference Bank Quotations	  	 	154	  
			
	46.	  	Counterparts	  	 	156	  
			
	47.	  	USA Patriot Act	  	 	156	  
			
	48.	  	Governing Law	  	 	157	  
			
	49.	  	Enforcement	  	 	157	  
		
	Schedule 1 The Original Parties	  	 	159	  
		
	Part I The Original Obligors	  	 	159	  
		
	Part II The Original Lenders	  	 	159	  
		
	Schedule 2 Conditions Precedent	  	 	160	  
		
	Part I Conditions Precedent to Initial Utilisation	  	 	160	  
		
	Part II Conditions Precedent required to be delivered by an Additional Obligor	  	 	162	  
		
	Schedule 3 Requests	  	 	164	  
		
	Part I Utilisation Request - Revolving Facility Loans	  	 	164	  
		
	Part II Utilisation Request - Dollar Swingline Loans	  	 	165	  
		
	Part III Utilisation Request - Euro Swingline Loans	  	 	166	  
		
	Part IV Utilisation Request - Letters of Credit	  	 	167	  
		
	Schedule 4 Form of Transfer Certificate	  	 	168	  
		
	Schedule 5 Form of Assignment Agreement	  	 	170	  
		
	Schedule 6 Form of Accession Letter	  	 	173	  
		
	Schedule 7 Form of Resignation Letter	  	 	174	  
		
	Schedule 8 Form of Compliance Certificate	  	 	175	  
		
	Schedule 9 LMA Form of Confidentiality Undertaking	  	 	177	  
		
	Schedule 10 Timetables	  	 	182	  
		
	Schedule 11 Form of Letter of Credit	  	 	188	  
		
	Schedule 12 Facility Approved L/C Beneficiaries	  	 	192	  
		
	Schedule 13 Form of Commitment Increase Notice	  	 	193	  
		
	Schedule 14 Form of Further Lender Accession Letter	  	 	194	  

							
		
	Schedule 15 Designated Entities	  	 	195	  
		
	Schedule 16 Designated Entity Accession Letter	  	 	196	  
		
	Schedule 17 Form of Extension Request	  	 	197	  
		
	Schedule 18 Other Benchmarks	  	 	198	  
		
	Part I HKD Currencies	  	 	198	  
		
	Part II Singapore Dollars	  	 	200	  

 THIS AGREEMENT is dated 8 July 2011, as amended pursuant to an amendment agreement dated
23 August 2013 and amended and restated pursuant to an amendment and restatement agreement dated 30 September 2015 and made between: 
  

	(1)	WABCO HOLDINGS INC. (the “Company”); 

  

	(2)	THE SUBSIDIARIES of the Company listed in Part I of Schedule 1 (The Original Parties) as original borrowers (together with the Company the “Original Borrowers”);
 

  

	(3)	THE COMPANY as original guarantor (the “Original Guarantor”);  

  

	(4)	CITIGROUP GLOBAL MARKETS LIMITED and ING BELGIUM SA/NV as bookrunners and mandated lead arrangers and BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED, THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., BNP
PARIBAS FORTIS SA/NV, CREDIT LYONNAIS, THE ROYAL BANK OF SCOTLAND PLC and UNICREDIT BANK AG as mandated lead arrangers (whether acting individually or together the “Arranger”); 

 

	(5)	THE FINANCIAL INSTITUTIONS listed in Part II of Schedule 1 (The Original Parties) as lenders (the “Original Lenders”); 

 

	(6)	CITIGROUP GLOBAL MARKETS LIMITED as coordinator (the “Coordinator”); 

  

	(7)	CITIBANK, N.A., LONDON BRANCH as issuing bank (the “Issuing Bank”);  

  

	(8)	CITIBANK N.A. as dollar swingline lender (the “Original Dollar Swingline Lender”), dollar swingline agent (the “Dollar Swingline Agent”), euro
swingline lender (the “Original Euro Swingline Lender”); and 

  

	(9)	CITIBANK INTERNATIONAL LIMITED as agent of the other Finance Parties (the “Agent”) and euro swingline agent (the “Euro Swingline Agent”). 

IT IS AGREED as follows: 
 SECTION 1

 INTERPRETATION 
  

	1.	DEFINITIONS AND INTERPRETATION 

  

	1.1	Definitions 

 In this Agreement: 

“1940 Act” has the meaning given to it in Clause 27.20 (Investment Companies). 

“2014 Agreement” means the USD 100,000,000 multicurrency revolving facility agreement dated 17 December
2014 between, amongst others, the Company, the Subsidiaries of the Company listed therein as original borrowers, Bank of America N.A., London Branch, Citigroup Global Markets Limited, BNP Paribas Fortis Bank S.A./N.V., The Bank of Tokyo-Mitsubishi
UFJ, Ltd. and UniCredit Bank AG as mandated lead arrangers and bookrunners and Citibank International Limited as agent. 

  
 - 4 - 

 “Acceptable Bank” means: 

 

	 	(a)	a bank or financial institution which has a rating for its long-term unsecured and non credit-enhanced debt obligations of BBB+ or higher by Standard & Poor’s Rating Services or Fitch Ratings Ltd or Baa1
or higher by Moody’s Investors Service Limited or a comparable rating from an internationally recognised credit rating agency; or 

  

	 	(b)	or any other bank or financial institution approved by the Agent and the Issuing Bank. 

“Accession Letter” means a document substantially in the form set out in Schedule 6 (Form of Accession
Letter). 
 “Additional Borrower” means a company which becomes an Additional Borrower in
accordance with Clause 33 (Changes to the Obligors). 
 “Additional Guarantor” means a
company which becomes an Additional Guarantor in accordance with Clause 33 (Changes to the Obligors). 

“Additional Obligor” means an Additional Borrower or an Additional Guarantor. 

“Affiliate” means, in relation to any person, a Subsidiary of that person or a Holding Company of that person or any other
Subsidiary of that Holding Company. Notwithstanding the foregoing, in relation to The Royal Bank of Scotland plc, the term “Affiliate” shall not include (i) the UK government or any member or instrumentality thereof, including Her
Majesty’s Treasury and UK Financial Investments Limited (or any directors, officers, employees or entities thereof) or (ii) any persons or entities controlled by or under common control with the UK Government or any member or
instrumentality thereof (including Her Majesty’s Treasury and UK Financial Investments Limited) and which are not part of The Royal Bank of Scotland Group plc and its subsidiaries or subsidiary undertakings. 

“Agent’s Spot Rate of Exchange” means the Agent’s spot rate of exchange for the purchase of the
relevant currency with the Base Currency in the London foreign exchange market at or about 11:00 a.m. on a particular day. 

“Amendment and Restatement Agreement” means the amendment and restatement agreement relating to this Agreement
dated 30 September 2015 and entered into between, amongst others, WABCO Holdings Inc. as borrower and guarantor, the subsidiaries of WABCO Holdings Inc. listed therein as borrowers, Bank of America Merrill Lynch International Limited as the
retiring agent and Citibank International Limited as the new agent. 
 “Applicable Margin” means the
percentage rate per annum set out below opposite the corresponding Ratio of Consolidated Net Indebtedness to Consolidated EBITDA, as determined under Clause 29 (Financial Covenants). 

  
 - 5 - 

					
	Ratio of Consolidated Net Indebtedness to Consolidated EBITDA	  	Applicable Margin	 
	 Greater than or equal to 2.50:1
	  	 	1.00	% 
		
	 Greater than or equal to 2.00:1 and less than 2.50:1
	  	 	0.85	% 
		
	 Greater than or equal to 1.50:1 and less than 2.00:1
	  	 	0.65	% 
		
	 Greater than or equal to 1.00:1 and less than 1.50:1
	  	 	0.55	% 
		
	 Less than 1.00:1
	  	 	0.45	% 

 Any change in the Applicable Margin from time to time shall take effect immediately after receipt by the Agent
of the relevant Compliance Certificate delivered pursuant to Clause 28.2 (Compliance Certificate). Immediately upon the occurrence of a Default and while it is continuing, the Applicable Margin shall be 1.00% and no reduction
shall be applied unless and until the Agent is satisfied that such Default has been remedied, whereupon such reduction shall take effect immediately. 

“Assignment Agreement” means an agreement substantially in the form set out in Schedule 5 (Form of
Assignment Agreement) or any other form agreed between the relevant assignor and assignee. 
 “Authorisation”
means an authorisation, consent, approval, resolution, licence, exemption, filing, notarisation or registration. 

“Availability Period” means the period from the Effective Date to and including the date falling one Month
before the Termination Date. 
 “Available Commitment” means (but without limiting Clause 9.4
(Relationship with the Revolving Facility) or Clause 12.4 (Relationship with the Revolving Facility)) a Lender’s Commitment minus (subject as set out below): 

 

	 	(a)	the Base Currency Amount of its and any Designated Entity’s participation in any outstanding Utilisations; and 

  

	 	(b)	in relation to any proposed Utilisation, the Base Currency Amount of its and any Designated Entity’s participation in any other Utilisations that are due to be made on or before the proposed Utilisation Date.

 For the purposes of calculating a Lender’s Available Commitment in relation to any proposed Utilisation, that
Lender’s and any Designated Entity’s participation in any Utilisations that are due to be repaid or prepaid on or before the proposed Utilisation Date shall not be deducted from a Lender’s Commitment. 

  
 - 6 - 

 “Available Dollar Swingline Facility” means (but without limiting
Clause 9.4 (Relationship with the Revolving Facility)) the Swingline Amount minus: 
  

	 	(a)	any outstanding Dollar Swingline Loans; 

  

	 	(b)	in relation to any proposed Utilisation under the Dollar Swingline Facility, any other Dollar Swingline Loans that are due to be made under the Dollar Swingline Facility on or before the proposed Utilisation Date;

  

	 	(c)	the Base Currency Amount of any outstanding Euro Swingline Loans (except for any Euro Swingline Loans which are due to be repaid or prepaid on or before the proposed Utilisation Date); and 

 

	 	(d)	in relation to any proposed Utilisation under the Euro Swingline Facility, the Base Currency Amount of any other Euro Swingline Loans that are due to be made under the Euro Swingline Facility on or before the proposed
Utilisation Date. 

 For the purposes of calculating the Available Dollar Swingline Facility in relation to any proposed
Utilisation of the Dollar Swingline Facility the amount of any Dollar Swingline Loans and the Base Currency Amount of any Euro Swingline Loans that are due to be repaid on or before the proposed Utilisation Date shall not be deducted from the
Swingline Amount. 
 “Available Euro Swingline Facility” means (but without limiting Clause 12.4
(Relationship with the Revolving Facility)) the euro equivalent of the Swingline Amount minus: 
  

	 	(a)	the Base Currency Amount of any outstanding Euro Swingline Loans; 

  

	 	(b)	in relation to any proposed Utilisation under the Euro Swingline Facility, the Base Currency Amount of any other Euro Swingline Loans that are due to be made under the Euro Swingline Facility on or before the proposed
Utilisation Date; 

  

	 	(c)	any outstanding Dollar Swingline Loans; and 

  

	 	(d)	in relation to any proposed Utilisation under the Dollar Swingline Facility, any other Dollar Swingline Loans that are due to be made under the Dollar Swingline Facility on or before the proposed Utilisation Date.

 For the purposes of calculating the Available Euro Swingline Facility in relation to any proposed Utilisation of the Euro
Swingline Facility, the amount of any Dollar Swingline Loans and the Base Currency Amount of any Euro Swingline Loans that are due to be repaid on or before the proposed Utilisation Date shall not be deducted from the Swingline Amount. 

“Available Facility” means the aggregate for the time being of each Lender’s Available Commitment. 

“Base Currency” means US Dollars. 

“Base Currency Amount” means, in relation to a Utilisation, the amount specified in the Utilisation Request
delivered by a Borrower for that Utilisation (or, if the amount requested is not denominated in the Base Currency, that amount converted into the 

  
 - 7 - 

 
Base Currency at the Agent’s Spot Rate of Exchange on the date the Agent receives the Utilisation Request adjusted to reflect any repayment, prepayment, consolidation or division of the
Utilisation and, in the case of a Letter of Credit, as adjusted under Clause 6.9 (Revaluation of Letters of Credit). 

“Belgian Additional Guarantor” means any Additional Guarantor incorporated in Belgium. 

“Belgian Additional Obligor” means any Additional Obligor incorporated in Belgium. 

“Belgian Obligor” means any Obligor incorporated in Belgium. 

“Benchmark Rate” means, in relation to any Loan in a Non-LIBOR Currency: 

 

	 	(a)	the applicable Screen Rate as of the Specified Time for the currency of that Loan and for a period equal in length to the Interest Period of that Loan; or 

 

	 	(b)	as otherwise determined pursuant to Clause 19.1 (Unavailability of Screen Rate), 

and if, in either case, that rate is less than zero, the Benchmark Rate shall be deemed to be zero. 

“Borrower” means an Original Borrower or an Additional Borrower unless it has ceased to be a Borrower in accordance with
Clause 33 (Changes to the Obligors). 
 “Break Costs” means the amount (if any) by which:

  

	 	(a)	the interest (excluding Margin) which a Lender should have received for the period from the date of receipt of all or any part of its participation in a Loan or Unpaid Sum to the last day of the current Interest Period
in respect of that Loan or Unpaid Sum, had the principal amount or Unpaid Sum received been paid on the last day of that Interest Period; 

exceeds: 
  

	 	(b)	the amount which that Lender would be able to obtain by placing an amount equal to the principal amount or Unpaid Sum received by it on deposit with a leading bank for a period starting on the Business Day following
receipt or recovery and ending on the last day of the current Interest Period. 

 “Business Day”
means a day (other than a Saturday or Sunday) on which banks are open for general business in London and New York City and: 
  

	 	(a)	(in relation to any date for payment or purchase of euro) any TARGET Day; or 

  

	 	(b)	(in relation to any date for payment or purchase of (or the fixing of an interest rate in relation to) a Non-LIBOR Currency) any day specified as such in respect of that currency in Schedule 18 (Other
Benchmarks); or 

  
 - 8 - 

	 	(c)	(in relation to any date for payment or purchase of a currency other than euro or a Non-LIBOR Currency) the principal financial centre of the country of that currency. 

“Code” means the U.S. Internal Revenue Code of 1986 (or any successor legislation thereto) as amended from time to time, and
the regulations promulgated and rulings issued thereunder, all as the same may be in effect at such date. 
 “Commitment”
means: 
  

	 	(a)	in relation to an Original Lender, the amount in the Base Currency set opposite its name under the heading “Commitment” in Part II of Schedule 1 (The Original Parties) and the
amount of any other Commitment transferred to it under this Agreement or assumed by it in accordance with Clause 2.2 (Increase in Total Commitments); and 

 

	 	(b)	in relation to any other Lender, the amount in the Base Currency of any Commitment transferred to it under this Agreement or assumed by it in accordance with Clause 2.2 (Increase in Total
Commitments), 

 to the extent not cancelled, reduced or transferred by it under this Agreement and which in each
case includes such Lender’s commitment in respect of the Swingline Facilities and Letters of Credit. 
 “Commitment Increase
Notice” means a notice substantially in the form set out in Schedule 13 (Form of Commitment Increase Notice). 

“Compliance Certificate” means a certificate substantially in the form set out in Schedule 8 (Form of
Compliance Certificate). 
 “Confidential Information” means all information relating to the Company, any
Obligor, the Group, the Finance Documents or a Facility of which a Finance Party becomes aware in its capacity as, or for the purpose of becoming, a Finance Party or which is received by a Finance Party in relation to, or for the purpose of becoming
a Finance Party under, the Finance Documents or a Facility from either: 
  

	 	(a)	any member of the Group or any of its advisers; or 

  

	 	(b)	another Finance Party, if the information was obtained by that Finance Party directly or indirectly from any member of the Group or any of its advisers, 

in whatever form, and includes information given orally and any document, electronic file or any other way of representing or recording
information which contains or is derived or copied from such information but excludes: 
  

	 	(i)	information that: 

  

	 	(A)	is or becomes public information other than as a direct or indirect result of any breach by that Finance Party of Clause 44 (Confidential Information); or 

  
 - 9 - 

	 	(B)	is identified in writing at the time of delivery as non-confidential by any member of the Group or any of its advisers; or 

  

	 	(C)	is known by that Finance Party before the date the information is disclosed to it in accordance with paragraph (a) or (b) above or is lawfully obtained by that Finance Party after that date, from a source
which is, as far as that Finance Party is aware, unconnected with the Group and which, in either case, as far as that Finance Party is aware, has not been obtained in breach of, and is not otherwise subject to, any obligation of confidentiality; and

  

	 	(ii)	any Funding Rate or Reference Bank Quotation. 

 “Confidentiality Undertaking”
means a confidentiality undertaking substantially in a recommended form of the LMA as set out in Schedule 9 (LMA Form of Confidentiality Undertaking) or in any other form agreed between the Company and the Agent. 

“Consolidated Total Assets” means, with respect to any person, the aggregate amount of assets of such person (less applicable
reserves and other properly deductible items). 
 “Correspondent Bank” means: 

 

	 	(a)	an Affiliate of the Issuing Bank; or 

  

	 	(b)	any other bank approved by the Issuing Bank in its sole discretion for the purpose of issuing a Letter of Credit in accordance with Clause 7.9 (Use of Correspondent Banks). 

“Debtdomain Information” means the documents and information in the form approved by the Company concerning the Group which,
at the Company’s request and on its behalf, was prepared in relation to this transaction and distributed by the Arranger to selected financial institutions on Debtdomain before the date of this Agreement. 

“Default” means an Event of Default or any event or circumstance specified in Clause 31 (Events of Default) which would
(with the expiry of a grace period, the giving of notice, the making of any determination under the Finance Documents or any combination of any of the foregoing) be an Event of Default. 

“Defaulting Lender” means any Lender: 
  

	 	(a)	which has failed to make its participation in a Loan available or has notified the Agent or the Company (which has notified the Agent) that it will not make its participation in a Loan available by the Utilisation Date
of that Loan in accordance with Clause 5.4 (Lenders’ participation), Clause 10.1 (Dollar Swingline Loan Participation) or Clause 13.1 (Euro Swingline Loan Participation) or has failed to provide cash collateral (or has
notified the Issuing Bank or the Company (which has notified the Agent) that it will not provide cash collateral) in accordance with Clause 7.5 (Cash collateral by Non-Acceptable L/C Lender and Borrower’s option to provide cash cover);

  
 - 10 - 

	 	(b)	which has otherwise rescinded or repudiated a Finance Document; or 

  

	 	(c)	with respect to which an Insolvency Event has occurred and is continuing, 

 unless, in the case
of paragraphs (a) and (c) above: 
  

	 	(i)	its failure to pay or issue a Letter of Credit is caused by: 

  

	 	(A)	administrative or technical error; or 

  

	 	(B)	a Disruption Event; and 

 payment is made within 3 Business Days of its due date; or 

 

	 	(ii)	the Lender is disputing in good faith whether it is contractually obliged to make the payment in question. 

“Designated Entity” has the meaning given to such term in Clause 32.11 (Designated Entities). 

“Designated Entity Accession Letter” means a document substantially in the form set out in Schedule 16 (Designated Entity
Accession Letter). 
 “Disruption Event” means either or both of: 

 

	 	(a)	a material disruption to those payment or communications systems or to those financial markets which are, in each case, required to operate in order for payments to be made in connection with the Facilities (or
otherwise in order for the transactions contemplated by the Finance Documents to be carried out) which disruption is not caused by, and is beyond the control of, any of the Parties; or 

 

	 	(b)	the occurrence of any other event which results in a disruption (of a technical or systems-related nature) to the treasury or payments operations of a Party preventing that, or any other Party: 

 

	 	(i)	from performing its payment obligations under the Finance Documents; or 

  

	 	(ii)	from communicating with other Parties in accordance with the terms of the Finance Documents, 

(and which (in either such case)) is not caused by, and is beyond the control of, the Party whose operations are disrupted. 

“Dollar Swingline Facility” means the dollar swingline loan sub-facility made available under this Agreement as described in
Clause 10 (Dollar Swingline Loans). 

  
 - 11 - 

 “Dollar Swingline Lender” means: 

 

	 	(a)	the Original Dollar Swingline Lender; or 

  

	 	(b)	any other person that becomes a Dollar Swingline Lender after the date of this Agreement in accordance with Clause 2.2 (Increase in Total Commitments) or Clause 32 (Changes to the Lenders)

 which in each case has not ceased to be a Party in accordance with the terms of this Agreement. 

“Dollar Swingline Loan” means a loan made or to be made under the Dollar Swingline Facility or the principal amount
outstanding for the time being of that loan. 
 “Dollar Swingline Proportion” means in relation to each Lender and a Dollar
Swingline Loan, the proportion borne by its Available Commitment to the Available Facility immediately prior to the Utilisation of that Dollar Swingline Loan. 

“Effective Date” has the meaning given to such term in the Amendment and Restatement Agreement. 

“Employee Plan” means an employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV
or Section 302 of ERISA, or Section 412 of the Code, and in respect of which an Obligor or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined
in Section 3(5) of ERISA. 
 “Environmental Claim” means any claim, proceeding or investigation by any person in
respect of any Environmental Law. 
 “Environmental Law” means any applicable law in any jurisdiction in which any member of
the Group conducts business which relates to the pollution or protection of the environment or harm to or the protection of human health or the health of animals or plants. 

“Environmental Permits” means any permit, licence, consent, approval and other authorisation and the filing of any
notification, report or assessment required under any Environmental Law for the operation of the business of any member of the Group conducted on or from the properties owned or used by the relevant member of the Group. 

“ERISA” means, at any date, the United States Employee Retirement Income Security Act of 1974 (and any successor legislation
thereto), as amended from time to time, and the regulations promulgated and rulings issued thereunder, all as the same may be in effect at such date. 

“ERISA Affiliate” means any person that for purposes of Title I and Title IV of ERISA and Section 412 of the Code would
be deemed at any relevant time to be a single employer with an Obligor, pursuant to Section 414(b), (c), (m) or (o) of the Code or Section 4001 of ERISA. 

  
 - 12 - 

 “ERISA Event” means: 

 

	 	(a)	any reportable event, as defined in Section 4043 of ERISA, with respect to an Employee Plan, as to which PBGC has not by regulation waived the requirement of Section 4043(a) of ERISA that it be notified of
such event; 

  

	 	(b)	the filing of a notice of intent to terminate any Employee Plan, if such termination would require material additional contributions in order to be considered a standard termination within the meaning of
Section 4041(b) of ERISA, the filing under Section 4041(c) of ERISA of a notice of intent to terminate any Employee Plan or the termination of any Employee Plan under Section 4041(c) of ERISA; 

 

	 	(c)	the institution of proceedings under Section 4042 of ERISA by the PBGC for the termination of, or the appointment of a trustee to administer, any Employee Plan; 

 

	 	(d)	any failure by any Employee Plan to satisfy the minimum funding standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Employee Plan, in each case whether or not
waived; 

  

	 	(e)	the failure to make a required contribution to any Employee Plan that would reasonably be expected to result in the imposition of an encumbrance under Section 412 of the Code, or a filing under Section 412(c)
of the Code or Section 302(c) of ERISA of any request for a minimum funding variance, with respect to any Employee Plan or Multiemployer Plan; 

  

	 	(f)	an engagement in a non-exempt prohibited transaction within the meaning of Section 4975 of the Code or Section 406 of ERISA; 

 

	 	(g)	the complete or partial withdrawal of any Obligor or any ERISA Affiliate from any Employee Plan or a Multiemployer Plan; and 

  

	 	(h)	an Obligor or an ERISA Affiliate incurring any liability under Title IV of ERISA with respect to any Employee Plan (other than premiums due and not delinquent under Section 4007 of ERISA). 

 

	 	(i)	a determination that any Employee Plan is, or is expected to be, in “at risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code; and 

 

	 	(j)	the receipt by an Obligor or any of its ERISA Affiliates of any notice of the imposition of withdrawal liability or of a determination that a Multiemployer Plan is, or is expected to be, in “endangered” or
“critical” status within the meaning of Section 305 of ERISA. 

 “EURIBOR” means in relation to
any Loan in euro: 
  

	 	(a)	the applicable Screen Rate as of the Specified Time for euro and for a period equal in length to the Interest Period of that Loan; or 

 

	 	(b)	as otherwise determined pursuant to Clause 19.1 (Unavailability of Screen Rate), 

  
 - 13 - 

 and if, in either case, that rate is less than zero, EURIBOR shall be deemed to be zero. 

“Euro Swingline Facility” means the euro swingline loan sub-facility made available under this Agreement as described in
Clause 13 (Euro Swingline Loans). 
 “Euro Swingline Lender” means: 

 

	 	(a)	the Original Euro Swingline Lender; or 

  

	 	(b)	any other person that becomes a Euro Swingline Lender after the date of this Agreement in accordance with Clause 2.2 (Increase in Total Commitments) or Clause 32 (Changes to the Lenders) 

which in each case has not ceased to be a Party in accordance with the terms of this Agreement. 

“Euro Swingline Loan” means a loan made or to be made under the Euro Swingline Facility or the principal amount outstanding
for the time being of that loan. 
 “Euro Swingline Proportion” means in relation to each Lender and a Euro Swingline Loan,
the proportion borne by its Available Commitment to the Available Facility immediately prior to the Utilisation of that Euro Swingline Loan. 

“Event of Default” means any event or circumstance specified as such in Clause 31 (Events of Default). 

“Expiry Date” means, for a Letter of Credit, the last day of its Term. 

“Extension Option Date means the First Extension Option Date or the Second Extension Option Date. 

“Extension Request” means the First Extension Request or the Second Extension Request. 

“Facility” means the Revolving Facility, the Dollar Swingline Facility or the Euro Swingline Facility. 

“Facility Approved Currency” means euro, Singapore Dollars or Hong Kong Dollars. 

“Facility Approved L/C Beneficiary” means one of the persons set out in Schedule 12 (Facility Approved L/C
Beneficiaries). 
 “Facility Office” means, in respect of a Lender or the Issuing Bank, the office or offices notified
by that Lender or Issuing Bank to the Agent in writing on or before the date it becomes a Lender or the Issuing Bank (or, following that date, by not less than 5 Business Days’ written notice) as the office or offices through which it will
perform its obligations under this Agreement. 
 “Fallback Interest Period” means one week or, if the Loan is in a Non-LIBOR
Currency, the period specified as such in respect of that currency in Schedule 18 (Other Benchmarks), or, in each case, such other period as the Agent and the Company may agree. 

  
 - 14 - 

 “FATCA” means: 

 

	 	(a)	sections 1471 to 1474 of the Code or any associated regulations; 

  

	 	(b)	any treaty, law or regulation of any other jurisdiction, or relating to an intergovernmental agreement between the U.S. and any other jurisdiction, which (in either case) facilitates the implementation of any law or
regulation referred to in paragraph (a) above; or 

  

	 	(c)	any agreement pursuant to the implementation of any treaty, law or regulation referred to in paragraph (a) or (b) above with the U.S. Internal Revenue Service, the U.S. government or any governmental or
taxation authority in any other jurisdiction. 

 “FATCA Application Date” means: 

 

	 	(a)	in relation to a “withholdable payment” described in section 1473(1)(A)(i) of the Code (which relates to payments of interest and certain other payments from sources within the U.S.), 1 July 2014;

  

	 	(b)	in relation to a “withholdable payment” described in section 1473(1)(A)(ii) of the Code (which relates to “gross proceeds” from the disposition of property of a type that can produce interest from
sources within the U.S.), 1 January 2017; or 

  

	 	(c)	in relation to a “passthru payment” described in section 1471(d)(7) of the Code not falling within paragraph (a) or (b) above, 1 January 2017, 

or, in each case, such other date from which such payment may become subject to a deduction or withholding required by FATCA as a result of any
change in FATCA after the date of this Agreement. 
 “FATCA Deduction” means a deduction or withholding from a payment under
a Finance Document required by FATCA. 
 “FATCA Exempt Party” means a Party that is entitled to receive payments free from
any FATCA Deduction. 
 “Federal Funds Rate” means, in relation to any day, the rate per annum equal to: 

 

	 	(a)	the weighted average of the rates on overnight Federal funds transactions with members of the U.S. Federal Reserve System arranged by Federal funds brokers, as published for that day (or, if that day is not a New York
Business Day, for the immediately preceding New York Business Day) by the Federal Reserve Bank of New York; or 

  

	 	(b)	if a rate is not so published for any day which is a New York Business Day, the average of the quotations for that day on such transactions received by the Dollar Swingline Agent from three Federal funds brokers of
recognised standing selected by the Dollar Swingline Agent. 

  
 - 15 - 

 “Fee Letter” means: 

 

	 	(a)	any letter or letters dated on or about the date of this Agreement between the Arranger and the Company (or the Agent and the Company) setting out any of the fees referred to in Clause 20 (Fees);

  

	 	(b)	any agreement setting out fees payable to a Finance Party referred to in Clause 7.2 (Fee payable in respect of Letters of Credit); and 

 

	 	(c)	any letter dated on or about the date of the Amendment Agreement between the Arranger, the Coordinator or the Agent and the Company setting out any of the fees referred to in the Amendment Agreement. 

“Finance Document” means this Agreement, the Amendment and Restatement Agreement, any Fee Letter, any Accession Letter, any
Further Lender Accession Letter, any Designated Entity Accession Letter, any Commitment Increase Notice, any Resignation Letter and any other document designated as a “Finance Document” by the Agent and the Company. 

“Finance Party” means the Agent, the Arranger, the Coordinator, a Lender, a Swingline Lender, a Swingline Agent or the Issuing
Bank. 
 “Financial Indebtedness” means, without duplication, any indebtedness for or in respect of: 

 

	 	(a)	moneys borrowed; 

  

	 	(b)	any amount raised by acceptance under any acceptance credit facility or dematerialised equivalent; 

  

	 	(c)	any amount raised pursuant to any note purchase facility or the issue of bonds, notes, debentures, loan stock or any similar instrument; 

 

	 	(d)	the amount of any liability in respect of any lease or hire purchase contract which would, in accordance with U.S. GAAP, be treated as a finance or capital lease; 

 

	 	(e)	receivables sold or discounted (other than any receivables to the extent they are sold on a non-recourse basis); 

  

	 	(f)	any amount raised under any other transaction (including any forward sale or purchase agreement) of a type not referred to in any other paragraph of this definition having the commercial effect of a borrowing;

  

	 	(g)	any derivative transaction entered into in connection with protection against or benefit from fluctuation in any rate or price (and, when calculating the value of any derivative transaction, only the negative marked to
market value (or, if actual amount is due as a result of the termination or close-out of that derivative transaction, that amount) shall be taken into account); 

  
 - 16 - 

	 	(h)	any counter-indemnity obligation in respect of a guarantee, indemnity, bond, standby or documentary letter of credit or any other instrument issued by a bank or financial institution; 

 

	 	(i)	any amount raised by the issue of redeemable shares which are redeemable before the Termination Date; 

  

	 	(j)	any amount of any liability under an advance or deferred purchase agreement if one of the primary reasons behind the entry into this agreement is to raise finance; and 

 

	 	(k)	(without double counting) the amount of any liability in respect of any guarantee or indemnity for any of the items referred to in paragraphs (a) to (j) above. 

“Financial Officer” means, in relation to the Company, the chief financial officer, the principal accounting officer, the
treasurer or the assistant treasurer of the Company or, in relation to any other Obligor, any of the chief financial officer, the principal accounting officer, the treasurer or the assistant treasurer of the Company duly authorised by such Obligor.

 “First Extended Termination Date” means the date falling 6 years after the Effective Date. 

“First Extension Option Date” means the first anniversary of the date of the Effective Date. 

“First Extension Request” has the meaning given to that term in Clause 2.3 (Extension option). 

“Further Lender Accession Letter” means a document substantially in the form set out in Schedule 14 (Form of Further Lender
Accession Letter). 
 “Funding Rate” means any individual rate notified by a Lender to the Agent pursuant to paragraph
(a)(ii) of Clause 19.4 (Cost of funds), paragraph (a)(ii) of Clause 10.7 (Costs of funds – Dollar Swingline Facility), paragraph (b)(ii) of Clause 10.7 (Costs of funds – Dollar Swingline Facility) or paragraph (a)(ii)
of Clause 13.4 (Interest). 
 “GAAP” means generally accepted accounting principles in the applicable jurisdiction.

 “Group” means the Company and its Subsidiaries for the time being. 

“Guarantor” means an Original Guarantor or an Additional Guarantor, unless it has ceased to be a Guarantor in accordance with
Clause 33 (Changes to the Obligors). 
 “Historic Screen Rate” means, in relation to any Loan, the most recent
applicable Screen Rate for the currency of that Loan and for a period equal in length to the Interest Period of that Loan and which is as of a day which is no more than one Business Day before the Quotation Day. 

  
 - 17 - 

 “Holding Company” means, in relation to a person, any other person in respect of
which it is a Subsidiary. 
 “Increase Effective Date” means, in relation to a Further Lender Accession Letter or a
Commitment Increase Notice, the later of the proposed effective date of the increase in Commitments specified in such document and the date on which such document is executed by the Agent. 

“Insolvency Event” in relation to an entity means that the entity: 

 

	 	(a)	is dissolved (other than pursuant to a consolidation, amalgamation or merger); 

  

	 	(b)	becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; 

 

	 	(c)	makes a general assignment, arrangement or composition with or for the benefit of its creditors; 

  

	 	(d)	institutes or has instituted against it, by a regulator, supervisor or any similar official with primary insolvency, rehabilitative or regulatory jurisdiction over it in the jurisdiction of its incorporation or
organisation or the jurisdiction of its head or home office, a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition
is presented for its winding-up or liquidation by it or such regulator, supervisor or similar official; 

  

	 	(e)	has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition is
presented for its winding-up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition is instituted or presented by a person or entity not described in paragraph
(d) above and: 

  

	 	(i)	results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order for its winding-up or liquidation; or 

 

	 	(ii)	is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof; 

  

	 	(f)	has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); 

 

	 	(g)	seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets (other than
for so long as it is required by law or regulation not to be publicly disclosed, any such appointment which is to be made, or is made, by a person or entity described in paragraph (d) above); 

 

	 	(h)	 has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal
process levied, 

  
 - 18 - 

	 	
enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each
case within 30 days thereafter; 

  

	 	(i)	causes or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in paragraphs (a) to (h) above; or

  

	 	(j)	takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts. 

“Interest Period” means, in relation to a Revolving Facility Loan, each period determined in accordance with Clause 18
(Interest Periods) and, in relation to an Unpaid Sum, each period determined in accordance with Clause 17.3 (Default interest). 

“Interpolated Historic Screen Rate” means, in relation to any Loan, the rate (rounded to the same number of decimal places as
the two relevant Screen Rates) which results from interpolating on a linear basis between: 
  

	 	(a)	the most recent applicable Screen Rate for the longest period (for which that Screen Rate is available) which is less than the Interest Period of that Loan; and 

 

	 	(b)	the most recent applicable Screen Rate for the shortest period (for which that Screen Rate is available) which exceeds the Interest Period of that Loan, 

each for the currency of that Loan and each of which is as of a day which is no more than one Business Day before the Quotation Day. 

“Interpolated Screen Rate” means, in relation to any Loan, the rate (rounded to the same number of decimal places as the two
relevant Screen Rates) which results from interpolating on a linear basis between: 
  

	 	(a)	the applicable Screen Rate for the longest period (for which that Screen Rate is available) which is less than the Interest Period of that Loan; and 

 

	 	(b)	the applicable Screen Rate for the shortest period (for which that Screen Rate is available) which exceeds the Interest Period of that Loan, 

each as of the Specified Time for the currency of that Loan. 

“Intra-Group Reorganisation” means: 
  

	 	(a)	a solvent reorganisation involving the business or assets of, or shares of (or equivalent ownership interests in), any member of the Group where all of the business, assets and shares of (or equivalent ownership
interests in) the relevant member of the Group continue to be owned directly or indirectly by the Company in the same or a greater percentage as prior to such reorganisation, save for the shares of (or equivalent ownerships in) any member of the
Group which has been merged into another member of the Group; or 

  
 - 19 - 

	 	(b)	any other reorganisation involving one or more members of the Group approved by the Agent (acting on the instructions of the Majority Lenders). 

“IRS” means the U.S. Internal Revenue Service or any successor thereto. 

“L/C Proportion” means, in relation to a Lender in respect of any Letter of Credit, the proportion (expressed as a percentage)
borne by that Lender’s Available Commitment to the Available Facility immediately prior to the issue of that Letter of Credit, adjusted to reflect any assignment or transfer under this Agreement to or by that Lender. 

“Lender” means: 
  

	 	(a)	any Original Lender; and 

  

	 	(b)	any bank, financial institution, trust, fund or other entity which has become a Party in accordance with Clause 2.2 (Increase in Total Commitments) or Clause 32 (Changes to the
Lenders), 

 which in each case has not ceased to be a Party in accordance with the terms of this Agreement. 

“Letter of Credit” means a letter of credit or bank guarantee substantially in the form set out in Schedule 11 (Form
of Letter of Credit) or in any other form requested by a Borrower and agreed by the Agent and the Issuing Bank. 

“LIBOR” means, in relation to any Loan: 
  

	 	(a)	the applicable Screen Rate as of the Specified Time for the currency of that Loan and for a period equal in length to the Interest Period of that Loan; or 

 

	 	(b)	as otherwise determined pursuant to Clause 19.1 (Unavailability of Screen Rate), 

and if, in either case, that rate is less than zero, LIBOR shall be deemed to be zero. 

“LMA” means the Loan Market Association. 

“Loan” means a Revolving Facility Loan, a Dollar Swingline Loan or a Euro Swingline Loan. 

“Majority Lenders” means: 
  

	 	(a)	if there are no Utilisations then outstanding, a Lender or Lenders whose Commitments aggregate more than 66 2/3% of the Total Commitments (or, if the Total Commitments have been reduced to zero, aggregated more than 66
2/3% of the Total Commitments immediately prior to the reduction); or 

  

	 	(b)	at any other time, a Lender or Lenders whose participations in the Utilisations then outstanding aggregate more than 66 2/3% of all the Utilisations then outstanding. 

  
 - 20 - 

 “Margin Stock” means margin stock or “margin security” within the
meaning of Regulations T, U and X. 
 “Material Adverse Effect” means a material adverse effect on: 

 

	 	(a)	the business, operations, property or financial condition of the Group taken as a whole; 

  

	 	(b)	the ability of an Obligor to perform its payment obligations under the Finance Documents; 

  

	 	(c)	the ability of the Company to comply with the financial covenants under the Finance Documents; or 

  

	 	(d)	the validity or enforceability of the Finance Documents or the material rights or remedies of any Finance Party under the Finance Documents. 

“Material Company” means, at any time, a Subsidiary of the Company which: 

 

	 	(a)	is an Obligor; or 

  

	 	(b)	has accounted for five per cent. or more of Consolidated EBITDA (as defined in Clause 29 (Financial Covenants)) for the period of four fiscal quarters most recently ended; and/or 

 

	 	(c)	together with its own Subsidiaries, has accounted for 15 per cent. or more in aggregate of Consolidated EBITDA for the period of four fiscal quarters most recently ended. 

The application of the conditions set out in paragraphs (b) and (c) of this definition to Subsidiaries of the Company shall be
determined by reference to the latest audited financial statements of the Group (and, in the case of any Subsidiary of the Company having a functional currency other than US Dollars, the share of Consolidated EBITDA of such Subsidiary shall be
converted into US Dollars at the rates used in preparing the consolidated balance sheets of the Company included in the latest audited financial statements). 

If a Subsidiary has been acquired since the date as at which the latest audited consolidated financial statements of the Group were prepared,
the financial statements shall be adjusted in order to take into account the acquisition of that Subsidiary. Confirmation of the Company, acting in good-faith, that a Subsidiary is or is not a Material Company shall, in the absence of manifest
error, be conclusive and binding on all Parties. 
 “Month” means a period starting on one day in a calendar month and
ending on the numerically corresponding day in the next calendar month, except that: 
  

	 	(a)	if the numerically corresponding day is not a Business Day, that period shall end on the next Business Day in that calendar month in which that period is to end if there is one, or if there is not, on the immediately
preceding Business Day; and 

  
 - 21 - 

	 	(b)	if there is no numerically corresponding day in the calendar month in which that period is to end, that period shall end on the last Business Day in that calendar month. 

The above rules will only apply to the last Month of any period. 

“Multiemployer Plan” means a “multiemployer plan” (as defined in Section (3)(37) of ERISA) that is subject to
Title IV of ERISA that is contributed to for any employees of an Obligor or any ERISA Affiliate. 
 “New Lender” has the
meaning given to that term in Clause 32 (Changes to the Lenders). 
 “New York Business Day” means a day (other than
a Saturday or Sunday) on which banks are open for general business in New York City. 
 “Non-Acceptable L/C Lender” means a
Lender which: 
  

	 	(a)	is not an Acceptable Bank within the meaning of paragraph (a) of the definition of “Acceptable Bank” (other than a Lender which the Issuing Bank has agreed is acceptable to it notwithstanding that fact);
or 

  

	 	(b)	is a Defaulting Lender; or 

  

	 	(c)	has failed to make (or has notified the Agent that it will not make) a payment to be made by it under Clause 7.4 (Indemnities) or Clause 34.12 (Lenders’ indemnity to the Agent) or any other payment to
be made by it under the Finance Documents to or for the account of any other Finance Party in its capacity as Lender by the due date for payment. 

“Non-LIBOR Currency” means each of Singapore Dollars and Hong Kong Dollars. 

“Obligor” means a Borrower or a Guarantor. 

“Optional Currency” means any Facility Approved Currency and any other currency (other than the Base Currency) which complies
with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies). 
 “Original Financial
Statements” means: 
  

	 	(a)	in relation to the Company, the audited consolidated financial statements of the Group for the financial year ended 31 December 2010; and 

 

	 	(b)	in relation to each Original Obligor other than the Company, its audited financial statements for its financial year ended 31 December 2010. 

“Original Obligor” means an Original Borrower or an Original Guarantor. 

“Original Termination Date” means the date falling five years after the Effective Date. 

  
 - 22 - 

 “Overall Commitment” of a Lender means: 

 

	 	(a)	its Commitment; or 

  

	 	(b)	in the case of a Dollar Swingline Lender or a Euro Swingline Lender which does not have a Commitment, the Commitment of a Lender which is its Designated Entity. 

“Participating Member State” means any member state of the European Union that has the euro as its lawful currency in
accordance with legislation of the European Union relating to Economic and Monetary Union. 
 “Party” means a party to this
Agreement. 
 “PBGC” means the U.S. Pension Benefit Guaranty Corporation, or any entity succeeding to all or any of its
functions under ERISA. 
 “Prime Rate” means in respect of any Dollar Swingline Loan for any day, the rate per annum which
is the published prime rate of Citibank N.A. in New York City in force at the Specified Time displayed on such web page as the Agent shall notify the Company from time to time. 

“Quasi-Security” has the meaning given to it in Clause 30.3 (Negative pledge). 

“Quotation Day” means, in relation to any period for which an interest rate is to be determined: 

 

	 	(a)	(if the currency is euro) two TARGET Days before the first day of that period; 

  

	 	(b)	(for any other currency (other than a Non-LIBOR Currency)) 2 Business Days before the first day of that period, 

(unless market practice differs in the Relevant Market for that currency, in which case the Quotation Day for that currency will be determined
by the Agent in accordance with market practice in the Relevant Market (and if quotations would normally be given on more than one day, the Quotation Day will be the last of those days)); or 

(c) (if the currency is a Non-LIBOR Currency) the day specified as such in respect of that currency in Schedule 18 (Other Benchmarks).

 “Reference Bank Quotation” means any quotation supplied to the Agent or a Swingline Agent by a Reference Bank. 

“Reference Bank Rate” means: 
  

	 	(a)	the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Agent at its request by the Reference Banks: 

 

	 	(i)	in relation to LIBOR: 

  

	 	(A)	(other than where paragraph (B) below applies) as the rate at which the relevant Reference Bank could borrow funds in the London interbank market in the relevant currency and for the relevant period were it to do
so by asking for and then accepting interbank offers for deposits in reasonable market size in that currency and for that period; or 

  
 - 23 - 

	 	(B)	if different, as the rate (if any and applied to the relevant Reference Bank and the relevant currency and period) which contributors to the applicable Screen Rate are asked to submit to the relevant administrator; or

  

	 	(ii)	in relation to EURIBOR: 

  

	 	(A)	(other than where paragraph (B) below applies) as the rate at which the relevant Reference Bank believes one prime bank is quoting to another prime bank for interbank term deposits in euro within the Participating
Member States for the relevant period; or 

  

	 	(B)	if different, as the rate (if any and applied to the relevant Reference Bank and the relevant period) which contributors to the applicable Screen Rate are asked to submit to the relevant administrator; or

  

	 	(iii)	in relation to a Benchmark Rate for a Loan in a Non-LIBOR Currency, the rate specified as such in respect of that currency in Schedule 18 (Other Benchmarks). 

“Reference Banks” means such entities as may be appointed by the Agent in consultation with the Company provided that
such entities have accepted such appointment. 
 “Register” has the meaning given to it in Clause 32.7 (The
Register). 
 “Regulations T, U and X” means, respectively, Regulations T, U and X of the Board of Governors of
the Federal Reserve System of the United States (or any successor). 
 “Related Fund” in relation to a fund
(the “first fund”), means a fund which is managed or advised by the same investment manager or investment adviser as the first fund or, if it is managed by a different investment manager or investment adviser, a fund
whose investment manager or investment adviser is an Affiliate of the investment manager or investment adviser of the first fund. 

“Relevant Market” means in relation to euro, the European interbank market, in relation to a Non-LIBOR Currency, the
market specified as such in respect of that currency in Schedule 18 (Other Benchmarks) and, in relation to any other currency, the London interbank market. 

“Renewal Request” means a written notice delivered to the Agent in accordance with Clause 6.7 (Renewal of a
Letter of Credit). 
 “Repeating Representations” means each of the representations set out in Clauses 27.1
(Status) to 27.6 (Governing law and enforcement), Clause 27.8 (No default), paragraph (c) of Clause 27.9 (No misleading information), Clause 27.10 (Financial statements), Clause 27.11
(Pari passu ranking), Clause 27.12 (No 

  
 - 24 - 

 
proceedings pending or threatened), 27.15 (Material Adverse Effect), Clause 27.17 (Sanctions and anti-corruption) and Clauses 27.18 (ERISA and Multiemployer
Plans) to 27.23 (No listed securities). 
 “Replacement Lender” has the meaning given to such term
in paragraph (d) of Clause 16.5 (Right of replacement or repayment and cancellation in relation to a single Lender). 

“Representative” means any delegate, agent, manager, administrator, nominee, attorney, trustee or custodian. 

“Resignation Letter” means a letter substantially in the form set out in Schedule 7 (Form of Resignation
Letter). 
 “Restricted Party” means a person that is: 

 

	 	(a)	listed on, or owned or controlled by a person listed on, a Sanctions List, or a person acting on behalf or at the direction of such a person; 

 

	 	(b)	located in, resident in or organised in a Sanctioned Country, or is owned or controlled by, or acting on behalf or at the direction of a person located in, resident in or organised in a Sanctioned Country; or

  

	 	(c)	otherwise a subject of Sanctions. 

 “Revolving Facility” means the
revolving loan facility made available under this Agreement as described in Clause 2.1 (The Revolving Facility). 

“Revolving Facility Loan” means a loan made or to be made under the Revolving Facility or the principal amount
outstanding for the time being of that loan. 
 “Rollover Loan” means one or more Revolving Facility Loans
(but excluding Swingline Loans): 
  

	 	(a)	made or to be made on the same day that (i) a maturing Revolving Facility Loan is due to be repaid or (ii) a demand by the Agent pursuant to a drawing in respect of a Letter of Credit is due to be made;

  

	 	(b)	the aggregate amount of which is equal to or less than (i) the amount of the maturing Revolving Facility Loan or (ii) the amount of the relevant claim in respect of that Letter of Credit; 

 

	 	(c)	in the same currency as (i) the maturing Revolving Facility Loan (unless it arose as a result of the operation of Clause 14.2 (Unavailability of a currency)) or (ii) the relevant claim in respect of
that Letter of Credit; and 

  

	 	(d)	made or to be made to the same Borrower for the purpose of (i) refinancing that maturing Revolving Facility Loan or (ii) satisfying the relevant claim in respect of that Letter of Credit. 

  
 - 25 - 

 “Sanctions” means any trade, economic or financial sanctions laws, regulations,
embargoes or restrictive measures administered, enacted, imposed or enforced by a Sanctions Authority. 
 “Sanctions
Authority” means: 
  

	 	(a)	the Security Council of the United Nations; 

  

	 	(b)	the United States of America; 

  

	 	(c)	Japan; 

  

	 	(d)	the European Union; 

  

	 	(e)	the French Republic; 

  

	 	(f)	the member states of the European Union; and 

  

	 	(g)	the governments and official institutions or agencies of any of paragraphs (a) to (f) above, including OFAC, the U.S. Department of State and Her Majesty’s Treasury; and 

 

	 	(h)	any other sanctions authorities applicable to any Obligor or any of its Affiliates. 

“Sanctioned Country” means a country or territory which is, or whose government is, at any time the subject or
target of country-wide or territory-wide Sanctions. 
 “Sanctions List” means the Specially Designated
Nationals and Blocked Persons, the Sectoral Sanctions Identifications List and the List of Foreign Sanctions Evaders maintained by OFAC, the Consolidated List of Financial Sanctions Targets and the Investment Ban List maintained by Her
Majesty’s Treasury, or any similar list maintained by, or public announcement of a Sanctions designation made by, a Sanctions Authority, each as amended, supplemented or substituted from time to time. 

“Screen Rate” means: 
  

	 	(a)	in relation to LIBOR, the London interbank offered rate administered by ICE Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant currency and period
displayed (before any correction, recalculation or republication by the administrator) on pages LIBOR01 or LIBOR02 of the Thomson Reuters screen (or any replacement Thomson Reuters page which displays that rate); and 

 

	 	(b)	in relation to EURIBOR, the euro interbank offered rate administered by the European Money Markets Institute (or any other person which takes over the administration of that rate) for the relevant period displayed
(before any correction, recalculation or republication by the administrator) on page EURIBOR01 of the Thomson Reuters screen (or any replacement Thomson Reuters page which displays that rate), 

  
 - 26 - 

 or, in each case, on the appropriate page of such other information service which publishes that
rate from time to time in place of Thomson Reuters. If such page or service ceases to be available, the Agent may specify another page or service displaying the relevant rate after consultation with the Company; and 

 

	 	(c)	in relation to a Benchmark Rate, the rate specified as such in respect of the relevant currency in Schedule 18 (Other Benchmarks). 

“SEC” means the United States Securities and Exchange Commission or any successor thereto. 

“Second Extended Termination Date” means the date falling 7 years after the Effective Date. 

“Second Extension Option Date” means the second anniversary of the Effective Date. 

“Second Extension Request” has the meaning given to that term in Clause 2.3 (Extension option). 

“Securitisation Transaction” means: 
  

	 	(a)	any transfer of accounts receivable or interests therein: 

  

	 	(i)	to a trust, partnership, corporation or other entity (other than a Subsidiary), which transfer or pledge is funded by such entity in whole or in part by the issuance to one or more lenders or investors of indebtedness
or other securities that are to receive payments principally from the cash flow derived from such accounts receivable or interests in accounts receivable; or 

  

	 	(ii)	directly to one or more investors or other purchasers (other than any Subsidiary); or 

  

	 	(b)	any transaction in which the Company or a Subsidiary incurs Financial Indebtedness or other obligations secured by Liens on accounts receivable. 

The “amount” of any Securitisation Transaction shall be deemed at any time to be: 

 

	 	(i)	in the case of a transaction described in paragraph (a) above, the aggregate uncollected amount of the accounts receivable transferred pursuant to such Securitisation Transaction, net of any such accounts
receivable that have been written off as uncollectible; and 

  

	 	(ii)	in the case of a transaction described in paragraph (b) above, the aggregate outstanding principal amount of the Financial Indebtedness secured by Liens on accounts receivable incurred pursuant to such
Securitisation Transaction or, if less, the aggregate uncollected amount of the accounts receivable subject to such Liens. 

  
 - 27 - 

 For purposes of this definition, accounts receivable shall include any and all payments owing to
the Company or any of its Subsidiaries by any and all Obligors under long term contracts in respect of goods or other property sold or leased or services rendered. 

“Security” means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any
other agreement or arrangement having a similar effect. 
 “Specified Time” means a day or time determined in
accordance with Schedule 10 (Timetables). 
 “Subsequent Letter of Credit” has the meaning given to it in Clause 7.9
(Use of Correspondent Banks). 
 “Subsidiary” means any person (referred to as the “first
person”) in respect of which another person (referred to as the “second person”):  
  

	 	(a)	holds a majority of the voting rights in that first person or has the right under the constitution of the first person to direct the overall policy of the first person or alter the terms of its constitution; or

  

	 	(b)	is a member of that first person and has the right to appoint or remove a majority of its board of directors or equivalent administration, management or supervisory body; or 

 

	 	(c)	has the right to exercise a dominant influence (which must include the right to give directions with respect to operating and financial policies of the first person which its directors are obliged to comply with whether
or not for its benefit) over the first person by virtue of provisions contained in the articles (or equivalent) of the first person or by virtue of a control contract which is in writing and is authorised by the articles (or equivalent) of the first
person and is permitted by the law under which such first person is established; or 

  

	 	(d)	is a member of that first person and controls alone, pursuant to an agreement with other shareholders or members, a majority of the voting rights in the first person or the rights under its constitution to direct the
overall policy of the first person or alter the terms of its constitution; or 

  

	 	(e)	has the power to exercise, or actually exercises dominant influence or control over the first person; or 

  

	 	(f)	together with the first person are managed on a unified basis, 

 and for the purposes of this
definition, a person shall be treated as a member of another person if any of that person’s Subsidiaries is a member of that other person or, if any shares in that other person are held by a person acting on behalf of it or any of its
Subsidiaries. A subsidiary undertaking shall include any person the shares or ownership interests in which are subject to Security and where the legal title to the shares or ownership interests so secured are registered in the name of the secured
party or its nominee pursuant to such Security. 

  
 - 28 - 

 “Swingline Agent” means the Dollar Swingline Agent or the Euro Swingline
Agent. 
 “Swingline Amount” means (subject always to Clauses 9.4 (Relationship with the Revolving Facility) and 12.4
(Relationship with the Revolving Facility)) USD50,000,000. 
 “Swingline Lender” means the Dollar Swingline Lender or
the Euro Swingline Lender. 
 “Swingline Loan” means a Dollar Swingline Loan or a Euro Swingline Loan. 

“TARGET2” means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a
single shared platform and which was launched on 19 November 2007. 
 “TARGET Day” means any day on which TARGET2 is
open for the settlement of payments in euro. 
 “Tax” means any tax, levy, impost, duty or other charge or withholding of a
similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same). 

“Term” means each period determined under this Agreement for which the Issuing Bank is under a liability under a Letter of
Credit. 
 “Termination Date” means the Original Termination Date, or where so extended pursuant to Clause 2.3 (Extension
option) in respect of a Lender’s Commitment, the First Extended Termination Date or the Second Extended Termination Date as the case may be. 

“Total Commitments” means the aggregate of the Commitments, being USD400,000,000 at the date of this Agreement. 

“Transfer Certificate” means a certificate substantially in the form set out in Schedule 4 (Form of Transfer
Certificate) or any other form agreed between the Agent and the Company. 
 “Transfer Date” means, in relation to an
assignment or a transfer, the later of: 
  

	 	(a)	the proposed Transfer Date specified in the relevant Assignment Agreement or Transfer Certificate; and 

  

	 	(b)	the date on which the Agent executes the relevant Assignment Agreement or Transfer Certificate. 

“UK Bank Levy” means the United Kingdom bank levy (as defined in the Finance (No.3) Bill published by HM Treasury on
31 March 2011. 
 “Ultimate Beneficiary” means the ultimate intended beneficiary of a Letter of Credit issued in favour
of a Correspondent Bank, being a Facility Approved L/C Beneficiary or any other beneficiary approved by the Issuing Bank. 

  
 - 29 - 

 “Unfunded Pension Liability” means the excess of an Employee Plan’s benefit
liabilities under Section 4001(a)(16) of ERISA, over the current value of that plan’s assets, determined in accordance with the assumptions used for funding the Employee Plan pursuant to Section 412 of the Code for the applicable plan
year. 
 “Unpaid Sum” means any sum due and payable but unpaid by an Obligor under the Finance Documents. 

“U.S.” and “United States” means the United States of America, its territories, possessions and other areas
subject to the jurisdiction of the United States of America. 
 “U.S. Borrower” means a Borrower whose jurisdiction of
organisation is a state of the United States or the District of Columbia. 
 “U.S. GAAP” means generally accepted accounting
principles in the United States of America. 
 “U.S. Guarantor” means a Guarantor whose jurisdiction of organisation is a
state of the United States or the District of Columbia. 
 “U.S. Obligor” means any U.S. Borrower or U.S. Guarantor. 

“U.S. Tax Obligor” means: 
  

	 	(a)	a Borrower which is resident for tax purposes in the U.S.; or 

  

	 	(b)	an Obligor some or all of whose payments under the Finance Documents are from sources within the U.S. for U.S. federal income tax purposes. 

“Utilisation” means a Loan or a Letter of Credit. 

“Utilisation Date” means the date of a Utilisation, being the date on which the relevant Loan is to be made or the relevant
Letter of Credit is to be issued. 
 “Utilisation Request” means in the case of a Utilisation of: 

 

	 	(a)	a Revolving Facility Loan under the Revolving Facility, a notice substantially in the form set out in Part I of Schedule 3 (Requests); 

 

	 	(b)	the Dollar Swingline Facility, a notice substantially in the form set out in Part II of Schedule 3 (Requests); 

  

	 	(c)	the Euro Swingline Facility, a notice substantially in the form set out in Part III of Schedule 3 (Requests); and 

  

	 	(d)	a Letter of Credit under the Revolving Facility, a notice substantially in the form set out in Part IV of Schedule 3 (Requests). 

“VAT” means: 
  

	 	(a)	any tax imposed in compliance with the Council Directive of 28 November 2006 on the common system of value added tax (EC Directive 2006/112); and 

  
 - 30 - 

	 	(b)	any other tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such tax referred to in paragraph (a) above, or imposed elsewhere.

  

	1.2	Construction 

  

	 	(a)	Unless a contrary indication appears any reference in this Agreement to: 

  

	 	(i)	the “Agent”, the “Arranger”, the “Coordinator”, any “Finance Party”, any “Lender”, the “Issuing Bank” any
“Obligor” or any “Party” shall be construed so as to include its successors in title, permitted assigns and permitted transferees to, or of, its rights and/or obligations under the Finance Documents;

  

	 	(ii)	“assets” includes present and future properties, revenues and rights of every description; 

  

	 	(iii)	“euro equivalent” means at any time an amount of US Dollars converted into euros at the Agent’s Spot Rate of Exchange on the date the calculation is made; 

 

	 	(iv)	a “Finance Document” or any other agreement or instrument is a reference to that Finance Document or other agreement or instrument as amended, novated, supplemented, extended, replaced or restated;

  

	 	(v)	a “group of Lenders” includes all the Lenders; 

  

	 	(vi)	“indebtedness” includes any obligation (whether incurred as principal or as surety) for the payment or repayment of money, whether present or future, actual or contingent; 

 

	 	(vii)	an “Interest Period” includes each period determined under this Agreement by reference to which interest on a Dollar Swingline Loan and a Euro Swingline Loan is calculated; 

 

	 	(viii)	a “Lender” includes the Dollar Swingline Lender and the Euro Swingline Lender; 

  

	 	(ix)	a Lender’s participation in relation to a Letter of Credit shall be construed as a reference to the relevant amount that is or may be payable by a Lender in relation to that Letter of Credit; 

 

	 	(x)	a “person” includes any individual, firm, company, corporation, government, state or agency of a state or any association, trust, joint venture, consortium, partnership or other entity (whether or not
having separate legal personality); 

  

	 	(xi)	a “regulation” includes any regulation, rule, official directive, request or guideline (whether or not having the force of law, but if not having the force of law being of a type with which persons to
which it applies are accustomed to comply) of any governmental, intergovernmental or supranational body, agency, department or of any regulatory, self-regulatory or other authority or organisation; 

  
 - 31 - 

	 	(xii)	a provision of law is a reference to that provision as amended or re-enacted; and 

  

	 	(xiii)	a time of day is a reference to London time. 

  

	 	(b)	The determination of the extent to which a rate is “for a period equal in length” to an Interest Period shall disregard any inconsistency arising from the last day of that Interest Period being
determined pursuant to the terms of this Agreement. 

  

	 	(c)	Section, Clause and Schedule headings are for ease of reference only. 

  

	 	(d)	Unless a contrary indication appears, a term used in any other Finance Document or in any notice given under or in connection with any Finance Document has the same meaning in that Finance Document or notice as in this
Agreement. 

  

	 	(e)	a Borrower providing “cash cover” for a Letter of Credit means a Borrower paying an amount in the currency of the Letter of Credit to an interest-bearing account in the name of the Borrower and the
following conditions are met: 

  

	 	(i)	the account is with the Issuing Bank; 

  

	 	(ii)	subject to paragraph (b) of Clause 7.7 (Regulation and consequences of cash cover provided by Borrower), withdrawals from the account may only be made to pay the relevant Finance Party amounts due and
payable to it under this Agreement in respect of that Letter of Credit until no amount is or may be outstanding under that Letter of Credit or if the Agent determines that cash collateral is no longer required; and 

 

	 	(iii)	the Borrower has executed a security document, in form and substance satisfactory to the Issuing Bank with which that account is held, creating a first ranking security interest over that account. 

 

	 	(f)	A Default (other than an Event of Default) is “continuing” if it has not been remedied or waived and an Event of Default is “continuing” if it has not been waived. 

 

	 	(g)	A Utilisation made or to be made to a Borrower includes a Letter of Credit issued on its behalf. 

  

	 	(h)	A Lender funding its participation in a Utilisation includes a Lender participating in a Letter of Credit. 

  

	 	(i)	A Lender is deemed to have a participation in each Dollar Swingline Loan equal to its Dollar Swingline Proportion and in each Euro Swingline Loan equal to its Euro Swingline Proportion. 

  
 - 32 - 

	 	(j)	Amounts outstanding under this Agreement include amounts outstanding under or in respect of any Letter of Credit. 

  

	 	(k)	An outstanding amount of a Letter of Credit at any time is the maximum amount that is or may be payable by the relevant Borrower in respect of that Letter of Credit at that time. 

 

	 	(l)	The Interest Period of a Letter of Credit will be construed as a reference to the Term of that Letter of Credit. 

  

	 	(m)	An amount borrowed includes any amount utilised by way of Letter of Credit. 

  

	 	(n)	A Borrower “repaying” or “prepaying” a Letter of Credit means: 

  

	 	(i)	that Borrower providing cash cover for that Letter of Credit; 

  

	 	(ii)	the maximum amount payable under the Letter of Credit being reduced or cancelled in accordance with its terms; or 

  

	 	(iii)	the Issuing Bank being satisfied that it has no further liability under that Letter of Credit, 

and the amount by which a Letter of Credit is repaid or prepaid under paragraphs (i) and (ii) above is the amount of the relevant
cash cover, reduction or cancellation. 
  

	 	(o)	A Borrower’s obligation on Utilisations becoming “due and payable” includes the Borrower repaying any Letter of Credit in accordance with paragraph (n) above. 

 

	1.3	Currency symbols and definitions 

 “USD” and “US
Dollars” denote the lawful currency of the United States of America, “EUR” and “euro” denote the single currency of the Participating Member States, “SGD” and “Singapore
Dollars” denote the lawful currency of Singapore and “HKD” and “Hong Kong Dollars” denote the lawful currency of Hong Kong. 
  

	1.4	Third party rights 

  

	 	(a)	Unless expressly provided to the contrary in a Finance Document, a person who is not a Party has no right under the Contracts (Rights of Third Parties) Act 1999 (the “Third Parties Act”) to enforce or
to enjoy the benefit of any term of this Agreement. 

  

	 	(b)	Subject to Clause 43.4 (Other exceptions) but otherwise notwithstanding any term of any Finance Document, the consent of any person who is not a Party is not required to rescind or vary this Agreement at any
time. 

  
 - 33 - 

 SECTION 2 

THE FACILITY 
  

	2.	THE FACILITY 

  

	2.1	The Revolving Facility 

 Subject to the terms of this Agreement, the Lenders make
available to the Borrowers a multicurrency revolving credit facility in an aggregate amount equal to the Total Commitments. 
  

	2.2	Increase in Total Commitments 

  

	 	(a)	The Company may, at any time after the date of this Agreement, request an increase in the Total Commitments of: 

  

	 	(i)	up to USD150,000,000 (provided that the Agent has been provided with a copy of a resolution of the Board of Directors of the Company (certified by a director or by a Financial Officer as being correct, complete
and in full force and effect) approving any increase pursuant to this Clause 2.2 in form and substance reasonably satisfactory to it); or 

  

	 	(ii)	if the Commitment of a Defaulting Lender has been repaid and cancelled in accordance with paragraph (d) of Clause 16.5 (Right of replacement or repayment and cancellation in relation to a single Lender), an
amount not exceeding the amount of the Commitment so cancelled and repaid, 

 in each case by written notice to the Agent (an
“Increase Request Notice”) not less than 15 Business Days prior to the proposed effective date of such increase. 
  

	 	(b)	Upon receipt of an Increase Request Notice, the Agent shall, on behalf of the Company, invite each Lender to assume a pro rata share of the amount of the proposed increase to the Total Commitments (the
“Total Increase Amount”). No Lender may increase its Commitment by an amount exceeding its pro rata share of the proposed Total Increase Amount except in accordance with paragraph (c)(ii) below. Each Lender shall, if it
agrees to increase its Commitment in accordance with this Clause 2.2, provide the Agent with a Commitment Increase Notice by no later than 5:00 p.m. London time 5 Business Days after the date of the Increase Request Notice (the “Final
Acceptance Time”). For the avoidance of doubt, no Lender is under any obligation to agree to provide an increase in its Commitment. 

  

	 	(c)	After the Final Acceptance Time, if the existing Lenders have not agreed to increase their Commitments by an aggregate amount equal to the Total Increase Amount, the Company may: 

 

	 	(i)	 invite any bank, financial institution, trust, fund or other entity acceptable to the Agent, the Issuing Banks and the Swingline Lenders

  
 - 34 - 

	 	
(each a “Further Lender”) to accede to this Agreement as a Lender; and/or 

  

	 	(ii)	invite any existing Lender which has agreed to increase its Commitment to provide a further increase beyond its pro rata share of the Total Increase Amount, 

in a total aggregate amount which is less than or equal to the Total Increase Amount less the aggregate amount by which existing Lenders have
agreed to increase their Commitments pursuant to paragraph (b) above. 
  

	 	(d)	Commitments increased or added under this Clause 2.2 must be: 

  

	 	(i)	if provided by an existing Lender, in a minimum amount of USD5,000,000 and in integral multiples of USD1,000,000; or 

  

	 	(ii)	if provided by a Further Lender, in a minimum amount of USD5,000,000 and in integral multiples of USD1,000,000, 

and in a total aggregate amount of not more than USD150,000,000. 
  

	 	(e)	A Lender’s Commitment shall be increased or a Further Lender’s Commitment shall become effective on the Increase Effective Date. 

 

	 	(f)	The Agent shall, subject to paragraph (g) below, as soon as reasonably practicable after receipt by it of a duly completed Commitment Increase Notice or Further Lender Accession Letter appearing on its face to
comply with and delivered in accordance with the terms of this Agreement, execute such Commitment Increase Notice or Further Lender Accession Letter. 

  

	 	(g)	The Agent shall not be obliged to execute a Further Lender Accession Letter unless it is satisfied that it has complied with all necessary “know your customer” or other similar checks under all applicable laws
and regulations in relation to the proposed Further Lender. 

  

	 	(h)	On the applicable Increase Effective Date in relation to a Further Lender: 

  

	 	(i)	such Further Lender shall become a Party as a Lender and such Further Lender and each of the other Finance Parties shall assume the same obligations towards one another and acquire the same rights against one another as
that Further Lender and those Finance Parties would have assumed and/or acquired had the Further Lender been an Original Lender; and 

  

	 	(ii)	the Obligors and such Further Lender shall assume the same obligations towards one another and acquire the same rights against one another as the Obligors and that Further Lender would have assumed and/or acquired had
the Further Lender been an Original Lender. 

  

	 	(i)	The Agent shall notify the Lenders and the Company of any increase in the Total Commitments pursuant to this Clause 2.2. 

  
 - 35 - 

	2.3	Extension option 

  

	 	(a)	The Company may by notice to the Agent not more than 75 and not less than 45 days before the First Extension Option Date (the “First Extension Request”), request that the Original Termination Date in
respect of each Lender’s Commitment be extended to the First Extended Termination Date. 

  

	 	(b)	The Company may by notice to the Agent not more than 75 and not less than 45 days before the Second Extension Option Date (the “Second Extension Request”), request that the then applicable Termination
Date in respect of each Lender’s Commitment be extended: 

  

	 	(i)	to the Second Extended Termination Date with respect to Lenders who consented to the First Extension Request; and/or 

  

	 	(ii)	to the First Extended Termination Date or the Second Extended Termination Date (as selected by the Borrower in the Second Extension Request): 

 

	 	(A)	if no First Extension Request has been made; or 

  

	 	(B)	with respect to Lenders who refused, or were deemed not to consent to, the First Extension Request. 

  

	 	(c)	Each Extension Request must be in the form set out in Schedule 17 (Form of Extension Request). 

  

	 	(d)	Each Extension Request is irrevocable. 

  

	 	(e)	The Agent shall promptly notify the Lenders of any Extension Request. 

  

	 	(f)	If a Lender, in its sole discretion, notifies the Agent of its agreement to an Extension Request not later than the date falling 30 days before the relevant Extension Option Date, the Termination Date applicable to its
Commitment will, with effect from the relevant Extension Option Date, and subject to paragraph (j) below, be extended in accordance with the relevant Extension Request. 

 

	 	(g)	If any Lender fails to reply to an Extension Request on or before the date falling 30 days before the relevant Extension Option Date, it will be deemed to have refused that Extension Request (such Lender being a
“Non-Extending Lender”) and the Termination Date applicable to its Commitment will not be extended in accordance with such Extension Request. 

  

	 	(h)	If one or more (but not all) of the Lenders agree to an Extension Request, then the Agent must notify the Borrower, identifying in that notification any Non-Extending Lenders. 

 

	 	(i)	 At any time prior to the relevant Extension Option Date set out in the relevant Extension Request which the Non-Extending Lender refused or was deemed
not to consent to, the Company may replace any Non-Extending Lender pursuant to paragraph (d) of Clause 16.5 (Rights of replacement or repayment 

  
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and cancellation in relation to a single Lender), provided that upon the Replacement Lender assuming the Commitment of the relevant Non-Extending Lender, the Termination Date in respect of
such Commitment will be automatically extended to the First Extended Termination Date or the Second Extended Termination Date (as applicable) as set out in the relevant Extension Request. 

 

	 	(j)	Any extension of the Termination Date pursuant to this Clause 2.3 will only take effect if on the date of the relevant Extension Request and on the relevant Extension Option Date: 

 

	 	(i)	no Default is continuing or would result from the proposed extension; and 

  

	 	(ii)	the Repeating Representations to be made by each Obligor are true in all material respects. 

  

	2.4	Finance Parties’ rights and obligations 

  

	 	(a)	The obligations of each Finance Party under the Finance Documents are several. Failure by a Finance Party to perform its obligations under the Finance Documents does not affect the obligations of any other Party under
the Finance Documents. No Finance Party is responsible for the obligations of any other Finance Party under the Finance Documents. 

  

	 	(b)	The rights of each Finance Party under or in connection with the Finance Documents are separate and independent rights and any debt arising under the Finance Documents to a Finance Party from an Obligor shall be a
separate and independent debt. 

  

	 	(c)	A Finance Party may, except as otherwise stated in the Finance Documents, separately enforce its rights under the Finance Documents. 

 

	3.	PURPOSE 

  

	3.1	Purpose 

 Each Borrower shall apply all amounts borrowed by it under the Revolving
Facility towards dividends, share repurchases (other than (i) any acquisition or repurchase of shares in contravention of Section 275 of the Companies Ordinance (Cap. 622) of the Laws of Hong Kong or (ii) any financing or refinancing
of the acquisition of or subscription for shares in any Belgian Obligor (save as authorised by Articles 329, 430 and 629 of the Belgian company law and for share buy-backs carried out in accordance with Belgian company law)), acquisitions, working
capital, refinancing of existing indebtedness and other general corporate purposes. 
  

	3.2	Monitoring 

 No Finance Party is bound to monitor or verify the application of any amount
borrowed pursuant to this Agreement. 

  
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	4.	CONDITIONS OF UTILISATION 

  

	4.1	Initial conditions precedent 

 No Borrower may deliver a Utilisation Request unless the
Agent has received all of the documents and other evidence listed in Part I of Schedule 2 (Conditions Precedent) in form and substance reasonably satisfactory to the Agent. The Agent shall notify the Company and the Lenders promptly upon
being so satisfied. 
  

	4.2	Further conditions precedent 

 Each Lender will only be obliged to comply with Clause 5.4
(Lenders’ participation) if on the date of the Utilisation Request and on the proposed Utilisation Date: 
  

	 	(a)	in the case of a Rollover Loan, no Event of Default is continuing or would result from the proposed Revolving Facility Loan and, in the case of any other Revolving Facility Loan, no Default is continuing or would result
from the proposed Revolving Facility Loan; 

  

	 	(b)	the Repeating Representations to be made by each Obligor are true in all material respects; and 

  

	 	(c)	it has not notified the Agent that it is or will become unlawful for it to perform any of its obligations as set out under and in accordance with Clause 16.1 (Illegality). 

 

	4.3	Conditions relating to Optional Currencies 

  

	 	(a)	A currency will constitute an Optional Currency in relation to a Utilisation if: 

  

	 	(i)	it is readily available in the amount required and freely convertible into the Base Currency in the wholesale market for that currency on the Quotation Day and the Utilisation Date for that Utilisation; and

  

	 	(ii)	it is a Facility Approved Currency or it has been approved by the Agent (acting on the instructions of all the Lenders), 

on or prior to receipt by the Agent of the relevant Utilisation Request for that Utilisation. 

 

	 	(b)	If the Agent has received a written request from the Company for a currency to be approved under paragraph (a)(ii) above (other than a Facility Approved Currency), the Agent will confirm to the Company by the Specified
Time: 

  

	 	(i)	whether or not the Lenders have granted their approval; and 

  

	 	(ii)	if approval has been granted, the minimum amount and integral multiples for any subsequent Utilisation in that currency. 

  
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	4.4	Maximum number of Utilisations 

  

	 	(a)	A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation 20 or more Utilisations would be outstanding concurrently at any time. 

 

	 	(b)	Any Loan made by a single Lender under Clause 14.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4. 

  
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 SECTION 3 

UTILISATION 
  

	5.	UTILISATION - REVOLVING FACILITY LOANS 

  

	5.1	Delivery of a Utilisation Request 

 A Borrower may utilise the Revolving Facility by
delivery to the Agent of a duly completed Utilisation Request not later than the Specified Time. 
  

	5.2	Completion of a Utilisation Request for Revolving Facility Loans 

  

	 	(a)	Each Utilisation Request for a Revolving Facility Loan is irrevocable and will not be regarded as having been duly completed unless: 

 

	 	(i)	the proposed Utilisation Date is a Business Day within the Availability Period; 

  

	 	(ii)	the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and 

  

	 	(iii)	the proposed Interest Period complies with Clause 18 (Interest Periods). 

  

	 	(b)	Only one Revolving Facility Loan may be requested in each Utilisation Request. 

  

	5.3	Currency and amount 

  

	 	(a)	The currency specified in a Utilisation Request must be the Base Currency or an Optional Currency. 

  

	 	(b)	The amount of the proposed Revolving Facility Loan must be: 

  

	 	(i)	if the currency selected is the Base Currency, a minimum of USD5,000,000, in integral multiples of USD1,000,000 or if less, the Available Facility; or 

 

	 	(ii)	if the currency selected is euro, a minimum amount of EUR5,000,000, in integral multiples of EUR1,000,000, or if less, the Available Facility; or 

 

	 	(iii)	if the currency selected is Singapore Dollars a minimum amount of SGD8,000,000, in integral multiples of SGD2,000,000, or, if less, the Available Facility; 

 

	 	(iv)	if the currency selected is Hong Kong Dollars, a minimum amount of HKD40,000,000, in integral multiples of HKD10,000,000, or, if less, the Available Facility; 

 

	 	(v)	 if the currency selected is an Optional Currency other than euro, Singapore Dollars or Hong Kong Dollars, the minimum amount

  
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specified by the Agent pursuant to paragraph (b)(ii) of Clause 4.3 (Conditions relating to Optional Currencies) or, if less, the Available Facility; and 

 

	 	(vi)	in any event such that its Base Currency Amount is less than or equal to the Available Facility. 

  

	5.4	Lenders’ participation 

  

	 	(a)	If the conditions set out in this Agreement have been met and subject to Clause 15.2 (Cashless rollover), each Lender shall make its participation in each Revolving Facility Loan available by the Utilisation Date
through its Facility Office by the Specified Time. 

  

	 	(b)	The amount of each Lender’s participation in each Revolving Facility Loan will be equal to the proportion borne by its Available Commitment to the Available Facility immediately prior to making the Revolving
Facility Loan. 

  

	 	(c)	The Agent shall determine the Base Currency Amount of each Revolving Facility Loan which is to be made in an Optional Currency and shall notify each Lender of the amount, currency and the Base Currency Amount of each
Revolving Facility Loan, the amount of its participation in that Revolving Facility Loan and, if different, the amount of that participation to be made available in accordance with Clause 37.1 (Payments to the Agent), in each case by the
Specified Time. 

  

	5.5	Cancellation of Commitment 

 The Commitments which, at that time, are unutilised (taking
into account a Utilisation of the Facility by way of Swingline Loan) shall be immediately cancelled at the end of the Availability Period. 
  

	6.	UTILISATION - LETTERS OF CREDIT 

  

	6.1	General 

  

	 	(a)	Clause 5 (Utilisation - Revolving Facility Loans) does not apply to a Utilisation by way of Letters of Credit. 

  

	 	(b)	In determining the amount of the Available Facility and a Lender’s L/C Proportion of a proposed Letter of Credit for the purposes of this Agreement, the Available Commitment of a Lender will be calculated ignoring
any cash cover provided for outstanding Letters of Credit. 

  

	6.2	The Revolving Facility 

 The Revolving Facility may be utilised by way of Letters of
Credit. 

  
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	6.3	Delivery of a Utilisation Request for Letters of Credit 

 A Borrower may request a Letter
of Credit to be issued by delivery to the Agent (with a copy to the Issuing Bank) of a duly completed Utilisation Request not later than the Specified Time. 
  

	6.4	Completion of a Utilisation Request for Letters of Credit 

 Each Utilisation Request for
a Letter of Credit is irrevocable (unless the beneficiary of the Letter of Credit is not approved in accordance with paragraph (g) below or, following the delivery of such Utilisation Request, paragraph (a)(i) of Clause 7.9 (Use of
Correspondent Banks) applies) and will not be regarded as having been duly completed unless: 
  

	 	(a)	it specifies that it is for a Letter of Credit; 

  

	 	(b)	the proposed Utilisation Date is a Business Day within the Availability Period; 

  

	 	(c)	the currency and amount of the Letter of Credit comply with Clause 6.5 (Currency and amount); 

  

	 	(d)	the form of Letter of Credit is attached; 

  

	 	(e)	in the case of any Letter of Credit to be issued with a Term of: 

  

	 	(i)	more than one year, the Expiry Date of such Letter of Credit falls on or before the date falling 5 days prior to the Termination Date; 

 

	 	(ii)	one year and which is automatically renewable, the Expiry Date for such Letter of Credit falls on or before the date falling 5 days prior to the Termination Date; and 

 

	 	(iii)	less than one year, the Expiry Date for such Letter of Credit falls on or before the date falling 5 days prior to the Termination Date; 

 

	 	(f)	the delivery instructions for the Letter of Credit are specified; and 

  

	 	(g)	the beneficiary of the Letter of Credit is a Facility Approved L/C Beneficiary or any other beneficiary approved by the Issuing Bank. 

 

	6.5	Currency and amount 

  

	 	(a)	The currency specified in a Utilisation Request must be the Base Currency or an Optional Currency. 

  

	 	(b)	The amount of the proposed Letter of Credit must be an amount whose Base Currency Amount is not more than the Available Facility and which is: 

 

	 	(i)	if the currency selected is the Base Currency, a minimum of USD100,000 or, if less, the Available Facility; or 

  
 - 42 - 

	 	(ii)	if the currency selected is euro, a minimum of EUR100,000, or, if less, the Available Facility; or 

  

	 	(iii)	if the currency selected is Singapore Dollars, a minimum amount of SGD150,000, or, if less, the Available Facility; or 

  

	 	(iv)	if the currency selected is Hong Kong Dollars, a minimum amount of HKD1,000,000, or, if less, the Available Facility; or 

  

	 	(v)	if the currency selected is an Optional Currency other than euro, Singapore Dollars or Hong Kong Dollars, the minimum amount (and if required, integral multiple) specified by the Agent pursuant to paragraph (b)(ii) of
Clause 4.3 (Conditions relating to Optional Currencies) or, if less, the Available Facility, 

 and in any case the
aggregate amount of all outstanding Letters of Credit at any time may not exceed USD30,000,000. 
  

	6.6	Issue of Letters of Credit 

  

	 	(a)	If the conditions set out in this Agreement have been met, the Issuing Bank or its Designated Entity (as applicable) shall issue the Letter of Credit on the Utilisation Date. 

 

	 	(b)	The Issuing Bank or its Designated Entity (as applicable) will only be obliged to comply with paragraph (a) above if on the date of the Utilisation Request or Renewal Request and on the proposed Utilisation Date:

  

	 	(i)	no Lender is a Non-Acceptable L/C Lender (unless it has deposited cash collateral in accordance with Clause 7.5 (Cash collateral by Non-Acceptable L/C Lender and Borrower’s option to provide cash cover) to
the satisfaction of the Issuing Bank); 

  

	 	(ii)	in the case of a Letter of Credit to be renewed in accordance with Clause 6.7 (Renewal of a Letter of Credit), no Event of Default is continuing or would result from the proposed Utilisation and, in the case of
any other Utilisation, no Default is continuing or would result from the proposed Utilisation; and 

  

	 	(iii)	the Repeating Representations to be made by each Obligor are true in all material respects. 

  

	 	(c)	The amount of each Lender’s participation in each Letter of Credit will be equal to its L/C Proportion. 

  

	 	(d)	The Agent shall determine the Base Currency Amount of each Letter of Credit which is to be issued in an Optional Currency and shall notify the Issuing Bank or its Designated Entity (as applicable) and each Lender of the
details of the requested Letter of Credit and its participation in that Letter of Credit by the Specified Time. 

  
 - 43 - 

	 	(e)	The Issuing Bank or its Designated Entity (as applicable) has no duty to enquire of any person whether or not any of the conditions set out in paragraph (b) above have been met. The Issuing Bank or its Designated
Entity (as applicable) may assume that those conditions have been met unless it is expressly notified to the contrary by the Agent. The Issuing Bank or its Designated Entity (as applicable) will have no liability to any person for issuing a Letter
of Credit based on such assumption. 

  

	 	(f)	The Issuing Bank or its Designated Entity (as applicable) is solely responsible for the form of the Letter of Credit that it issues. The Agent has no duty to monitor the form of that document. 

 

	 	(g)	Subject to paragraph (h) of Clause 34.8 (Rights and discretions), each of the Issuing Bank or its Designated Entity (as applicable) and the Agent shall provide the other with any information reasonably
requested by the other that relates to a Letter of Credit and its issue. 

  

	 	(h)	The Issuing Bank or its Designated Entity (as applicable) may issue a Letter of Credit in the form of a SWIFT message or other form of communication customary in the relevant market but has no obligation to issue that
Letter of Credit in any particular form of communication. 

  

	6.7	Renewal of a Letter of Credit 

  

	 	(a)	A Borrower may request that any Letter of Credit issued on behalf of that Borrower be renewed by delivery to the Agent of a Renewal Request in substantially similar form to a Utilisation Request (but which states that
it is a Renewal Request) for a Letter of Credit by the Specified Time. 

  

	 	(b)	If the Term of a Letter of Credit is one year, such Letter of Credit shall (unless the Borrower has requested otherwise) be renewed automatically for the same Term (or in the case of the last renewal prior to the
Termination Date, such shorter period as is necessary to ensure that the Term of the Letter of Credit does not extend beyond the date falling 5 days prior to the Termination Date provided that the conditions set out in paragraph (e) of
Clause 6.4 (Completion of a Utilisation Request for Letters of Credit) and paragraph (b) of Clause 6.6 (Issue of Letters of Credit) have been satisfied. 

 

	 	(c)	The Finance Parties shall treat any Renewal Request in the same way as a Utilisation Request for a Letter of Credit except that the conditions set out in paragraphs (d) and (g) of Clause 6.4 (Completion of
a Utilisation Request for Letters of Credit) shall not apply. 

  

	 	(d)	The terms of each renewed Letter of Credit shall be the same as those of the relevant Letter of Credit immediately prior to its renewal, (and, for the avoidance of doubt, the amount of such Letter of Credit can be less
than the minimum amount set out in Clause 6.5 (Currency and amount)), except that: 

  

	 	(i)	its amount may be less than the amount of the Letter of Credit immediately prior to its renewal; and 

  
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	 	(ii)	its Term shall start on the date which was the Expiry Date of the Letter of Credit immediately prior to its renewal, and shall end on the proposed Expiry Date specified in the Renewal Request. 

 

	 	(e)	Subject to paragraph (f) below, if the conditions set out in this Agreement have been met, the Issuing Bank or its Designated Entity (as applicable) shall amend and re-issue any Letter of Credit pursuant to a
Renewal Request. 

  

	 	(f)	Where a new Letter of Credit is to be issued to replace by way of renewal an existing Letter of Credit, the Issuing Bank or its Designated Entity (as applicable) is not required to issue that new Letter of Credit until
the Letter of Credit being replaced has been returned to the Issuing Bank or its Designated Entity (as applicable) or the Issuing Bank or its Designated Entity (as applicable) is satisfied either that it will be returned to it or otherwise that no
liability can arise under it. 

  

	6.8	Reduction of a Letter of Credit 

  

	 	(a)	If, on the proposed Utilisation Date of a Letter of Credit, any Lender under the Revolving Facility is a Non-Acceptable L/C Lender and: 

 

	 	(i)	that Lender has failed to provide cash collateral to the Issuing Bank in accordance with Clause 7.5 (Cash collateral by Non-Acceptable L/C Lender and Borrower’s option to provide cash cover); and

  

	 	(ii)	the Borrower of that proposed Letter of Credit has not exercised its right to provide cash cover to the Issuing Bank in accordance with paragraph (g) of Clause 7.5 (Cash collateral by Non-Acceptable L/C Lender
and Borrower’s option to provide cash cover), 

 the Issuing Bank or its Designated Entity (as applicable) may reduce
the amount of that Letter of Credit by an amount equal to the amount of the participation of that Non-Acceptable L/C Lender in respect of that Letter of Credit and that Non-Acceptable L/C Lender shall be deemed not to have any participation (or
obligation to indemnify the Issuing Bank or its Designated Entity (as applicable)) in respect of that Letter of Credit for the purposes of the Finance Documents. 
  

	 	(b)	The Issuing Bank shall notify the Agent and the Company of each reduction made pursuant to this Clause 6.8. 

  

	 	(c)	This Clause 6.8 shall not affect the participation of each other Lender in that Letter of Credit. 

  

	6.9	Revaluation of Letters of Credit 

  

	 	(a)	If any Letters of Credit are denominated in an Optional Currency, the Agent shall at six-monthly intervals after the date of issue of the Letter of Credit recalculate the Base Currency Amount of each Letter of Credit by
notionally converting into the Base Currency the outstanding amount of that Letter of Credit on the basis of the Agent’s Spot Rate of Exchange on the date of calculation. 

  
 - 45 - 

	 	(b)	A Borrower shall, if requested by the Agent within 5 days of any calculation under paragraph (a) above, ensure that within 3 Business Days sufficient Utilisations are prepaid to prevent the Base Currency Amount of
the Utilisations exceeding the Total Commitments following any adjustment to a Base Currency Amount under paragraph (a) above. 

  

	6.10	Reduction or expiry of Letter of Credit 

 If the amount of any Letter of Credit is wholly
or partially reduced or it is repaid or prepaid or it expires prior to its Expiry Date, the Issuing Bank and the Borrower that requested the issue of that Letter of Credit shall promptly notify the Agent of the details upon becoming aware of them.

  

	7.	LETTERS OF CREDIT 

  

	7.1	Immediately payable 

 If a Letter of Credit or any amount outstanding under a Letter of
Credit becomes immediately payable, the Borrower that requested the issue of that Letter of Credit shall repay or prepay that amount immediately. 
  

	7.2	Fee payable in respect of Letters of Credit 

  

	 	(a)	The Company shall pay (or procure that the relevant Borrower pays) to the Issuing Bank a fronting fee and a processing fee in respect of each Letter of Credit requested by it in the amount and at the times agreed in the
letter dated on or about the date of the Amendment and Restatement Agreement between the Agent and the Company. A reference in this Agreement to a Fee Letter shall include the letter referred to in this paragraph. 

 

	 	(b)	Each Borrower shall pay to the Agent (for the account of each Lender) a Letter of Credit fee in the currency of the relevant Letter of Credit computed at the same rate as the Applicable Margin on the outstanding amount
of each Letter of Credit requested by it for the period from the date of this Agreement and on the cancelled amount of any Lender’s Commitment at any time a cancellation in full is effective. This fee shall be distributed according to each
Lender’s L/C Proportion of that Letter of Credit. 

  

	 	(c)	The accrued Letter of Credit fee on a Letter of Credit shall be payable (i) on the last day of each successive period of three Months which ends during the period beginning on the date of this Agreement and ending
on the last day of the Availability Period, (ii) on the last day of the Availability Period and, (iii) if cancelled in full, on the cancelled amount of the relevant Lender’s Commitment at the time the cancellation is effective.

  

	 	(d)	If a Borrower cash covers any part of a Letter of Credit then: 

  

	 	(i)	the fronting fee payable to the Issuing Bank and the Letter of Credit fee payable for the account of each Lender shall continue to be payable until the expiry of the Letter of Credit; 

  
 - 46 - 

	 	(ii)	the Borrower will be entitled to withdraw the interest accrued on the cash cover to pay those fees. 

  

	7.3	Claims under a Letter of Credit 

  

	 	(a)	Each Borrower irrevocably and unconditionally authorises the Issuing Bank or its Designated Entity (as applicable) to pay any claim made or purported to be made under a Letter of Credit requested by it and which appears
on its face to be in order and to satisfy the conditions of such Letter of Credit for a claim thereunder (in this Clause 7, a “claim”). 

  

	 	(b)	The relevant Borrower shall immediately on demand pay to the Agent for the Issuing Bank or its Designated Entity (as applicable) an amount equal to the amount of any claim. For the avoidance of doubt, such demand may be
made by the Agent on the relevant Borrower before the date on which the Issuing Bank or its Designated Entity (as applicable) pays out under the relevant Letter of Credit, in which case, the Borrower must pay the amount within 5 Business Days of
demand. 

  

	 	(c)	Each Borrower acknowledges that the Issuing Bank or its Designated Entity (as applicable): 

  

	 	(i)	is not obliged to carry out any investigation or seek any confirmation from any other person before paying a claim; and 

  

	 	(ii)	deals in documents only and will not be concerned with the legality of a claim or any underlying transaction or any available set-off, counterclaim or other defence of any person. 

 

	 	(d)	The obligations of a Borrower under this Clause 7 will not be affected by: 

  

	 	(i)	the sufficiency, accuracy or genuineness of any claim or any other document; or 

  

	 	(ii)	any incapacity of, or limitation on the powers of, any person signing a claim or other document. 

  

	7.4	Indemnities 

  

	 	(a)	Each Borrower shall immediately on demand indemnify the Issuing Bank or its Designated Entity (as applicable) against any reasonably documented cost, loss or liability incurred by the Issuing Bank or its Designated
Entity (as applicable) (otherwise than by reason of the Issuing Bank’s or its Designated Entity’s (as applicable) gross negligence or wilful misconduct) in acting as the Issuing Bank under any Letter of Credit or Subsequent Letter of
Credit requested by that Borrower. 

  

	 	(b)	 Unless the Issuing Bank or its Designated Entity’s (as applicable) has been reimbursed by an Obligor pursuant to a Finance Document each Lender
shall (according to its L/C Proportion) immediately on demand indemnify the Issuing Bank or its Designated Entity (as applicable) against any cost, loss or liability incurred by the Issuing Bank or its Designated Entity (as applicable)

  
 - 47 - 

	 	
(otherwise than by reason of the Issuing Bank’s or its Designated Entity’s (as applicable) gross negligence or wilful misconduct) in acting as the Issuing Bank or its Designated Entity
(as applicable) under any Letter of Credit or Subsequent Letter of Credit. 

  

	 	(c)	The Borrower which requested a Letter of Credit or Subsequent Letter of Credit shall immediately on demand reimburse any Lender for any payment it makes to the Issuing Bank or its Designated Entity (as applicable) under
this Clause 7.4 in respect of that Letter of Credit or Subsequent Letter of Credit. 

  

	 	(d)	The obligations of each Lender or Borrower under this Clause are continuing obligations and will extend to the ultimate balance of sums payable by that Lender or Borrower in respect of any Letter of Credit or Subsequent
Letter of Credit, regardless of any intermediate payment or discharge in whole or in part. 

  

	 	(e)	If a Borrower has provided cash cover in respect of a Lender’s participation in a Letter of Credit, the Issuing Bank or its Designated Entity’s (as applicable) shall seek reimbursement from that cash cover
before making a demand of that Lender under paragraph (b) above. Any recovery made by the Issuing Bank or its Designated Entity’s (as applicable) pursuant to that cash cover will reduce that Lender’s liability under paragraph
(b) above. 

  

	 	(f)	The obligations of any Lender or Borrower under this Clause will not be affected by any act, omission, matter or thing which, but for this Clause, would reduce, release or prejudice any of its obligations under this
Clause (without limitation and whether or not known to it or any other person) including: 

  

	 	(i)	any time, waiver or consent granted to, or composition with, any Obligor, any beneficiary or Ultimate Beneficiary under a Letter of Credit or Subsequent Letter of Credit or any other person; 

 

	 	(ii)	the release of any other Obligor or any other person under the terms of any composition or arrangement with any creditor or any member of the Group; 

 

	 	(iii)	the taking, variation, compromise, exchange, renewal or release of, or refusal or neglect to perfect, take up or enforce, any rights against, or security over assets of, any Obligor, any beneficiary or Ultimate
Beneficiary under a Letter of Credit or Subsequent Letter of Credit or other person or any non-presentation or non-observance of any formality or other requirement in respect of any instrument or any failure to realise the full value of any
security; 

  

	 	(iv)	any incapacity or lack of power, authority or legal personality of or dissolution or change in the members or status of an Obligor, any beneficiary or Ultimate Beneficiary under a Letter of Credit or Subsequent Letter
of Credit or any other person; 

  

	 	(v)	any amendment, novation, supplement, extension, restatement (however fundamental and whether or not more onerous) or 

  
 - 48 - 

	 	
replacement of a Finance Document, any Letter of Credit, any Subsequent Letter of Credit or any other document or security including, without limitation, any change in the purpose of, any
extension, of, or any increase in, any facility or the addition of any new facility under any Finance Document or other document; 

  

	 	(vi)	any unenforceability, illegality or invalidity of any obligation of any person under any Finance Document, any Letter of Credit, any Subsequent Letter of Credit or any other document or security; or 

 

	 	(vii)	any insolvency or similar proceedings. 

  

	7.5	Cash collateral by Non-Acceptable L/C Lender and Borrower’s option to provide cash cover 

  

	 	(a)	If, at any time, a Lender under the Revolving Facility is a Non-Acceptable L/C Lender, the Issuing Bank may, by notice to that Lender, request that Lender to pay and that Lender shall pay, on or prior to the date
falling 5 Business Days after the request by the Issuing Bank, an amount equal to that Lender’s L/C Proportion of: 

  

	 	(i)	the outstanding amount of a Letter of Credit, 

  

	 	(ii)	in the case of a proposed Letter of Credit, the amount of that proposed Letter of Credit, 

 and
in the currency of that Letter of Credit to an interest-bearing account held in the name of that Lender with the Issuing Bank. 
  

	 	(b)	The Non-Acceptable L/C Lender to whom a request has been made in accordance with paragraph (a) above shall enter into a security document or other form of collateral arrangement over the account, in form and
substance satisfactory to the Issuing Bank, as collateral for any amounts due and payable under this Agreement by that Lender to the Issuing Bank or its Designated Entity’s (as applicable) in respect of that Letter of Credit. 

 

	 	(c)	Subject to paragraph (f) below, withdrawals from such an account may only be made to pay the Issuing Bank or its Designated Entity’s (as applicable) amounts due and payable to it under this Agreement by the
Non-Acceptable L/C Lender in respect of that Letter of Credit until no amount is or may be outstanding under that Letter of Credit. 

  

	 	(d)	Each Lender under the Revolving Facility shall notify the Agent and the Company: 

  

	 	(i)	on the date of this Agreement or on any later date on which it becomes such a Lender in accordance with Clause 2.2 (Increase in Total Commitments) or Clause 32 (Changes to the Lenders) whether it is a
Non-Acceptable L/C Lender; and 

  

	 	(ii)	as soon as practicable upon becoming aware of the same, that it has become a Non-Acceptable L/C Lender, 

  
 - 49 - 

 and an indication in Schedule 1 (The Original Parties), in a Transfer Certificate, in an
Assignment Agreement, in a Further Lender Accession Letter or in a Commitment Increase Notice to that effect will constitute a notice under paragraph (i) above to the Agent and, upon delivery in accordance with Clause 32.8 (Copy Documents to
Company). 
  

	 	(e)	Any notice received by the Agent pursuant to paragraph (d) above shall constitute notice to the Issuing Bank of that Lender’s status and the Agent shall, upon receiving each such notice, promptly notify the
Issuing Bank of that Lender’s status as specified in that notice. 

  

	 	(f)	Notwithstanding paragraph (c) above, a Lender which has provided cash collateral in accordance with this Clause 7.5 may, by notice to the Issuing Bank, request that an amount equal to the amount provided by it as
collateral in respect of the relevant Letter of Credit (together with any accrued interest) be returned to it: 

  

	 	(i)	to the extent that such cash collateral has not been applied in satisfaction of any amount due and payable under this Agreement by that Lender to the Issuing Bank or its Designated Entity’s (as applicable) in
respect of the relevant Letter of Credit; 

  

	 	(ii)	if: 

  

	 	(A)	it ceases to be a Non-Acceptable L/C Lender; 

  

	 	(B)	its obligations in respect of the relevant Letter of Credit are transferred to a New Lender in accordance with the terms of this Agreement; or 

 

	 	(C)	a Replacement Lender has agreed to undertake that Lender’s obligations in respect of the relevant Letter of Credit in accordance with the terms of this Agreement; and 

 

	 	(iii)	if no amount is due and payable by that Lender in respect of a Letter of Credit, 

 and the
Issuing Bank shall pay that amount to the Lender within 5 Business Days of that Lender’s request (and shall cooperate with the Lender in order to procure that the relevant security or collateral arrangement is released and discharged). 

 

	 	(g)	To the extent that a Non-Acceptable L/C Lender fails to provide cash collateral (or notifies the Issuing Bank that it will not provide cash collateral) in accordance with this Clause 7.5 in respect of a proposed Letter
of Credit, the Issuing Bank shall promptly notify the Company (with a copy to the Agent) and the Borrower of that proposed Letter of Credit may, at any time before the proposed Utilisation Date of that Letter of Credit, provide cash cover to an
account with the Issuing Bank in an amount equal to that Lender’s L/C Proportion of the amount of that proposed Letter of Credit. 

  
 - 50 - 

	7.6	Requirement for cash cover from Borrower 

 If: 

 

	 	(a)	a Non-Acceptable L/C Lender fails to provide cash collateral (or notifies the Issuing Bank that it will not provide cash collateral) in accordance with Clause 7.5 (Cash collateral by Non-Acceptable L/C Lender and
Borrower’s option to provide cash cover) in respect of a Letter of Credit that has been issued; 

  

	 	(b)	the Issuing Bank notifies the Company (with a copy to the Agent) that it requires the Borrower of the relevant Letter of Credit to provide cash cover to an account (held in the name of the Borrower) with the Issuing
Bank in an amount equal to that Lender’s L/C Proportion of the outstanding amount of that Letter of Credit; and 

  

	 	(c)	that Borrower has not already provided such cash cover which is continuing to stand as collateral, 

then that Borrower shall provide such cash cover within 5 Business Days of the notice referred to in paragraph (b) above. 

 

	7.7	Regulation and consequences of cash cover provided by Borrower 

  

	 	(a)	Any cash cover provided by a Borrower pursuant to Clause 7.5 (Cash collateral by Non-Acceptable L/C Lender and Borrower’s option to provide cash cover) or Clause 7.6 (Requirement for cash cover from
Borrower) may be funded out of a Revolving Facility Loan. 

  

	 	(b)	Notwithstanding paragraph (e) of Clause 1.2 (Construction), the relevant Borrower may request that an amount equal to the cash cover (together with any accrued interest) provided by it pursuant to Clause 7.5
(Cash collateral by Non-Acceptable L/C Lender and Borrower’s option to provide cash cover) or Clause 7.6 (Requirement for cash cover from Borrower) be returned to it: 

 

	 	(i)	to the extent that such cash cover has not been applied in satisfaction of any amount due and payable under this Agreement by that Borrower to the Issuing Bank or its Designated Entity’s (as applicable) in respect
of a Letter of Credit; 

  

	 	(ii)	if: 

  

	 	(A)	the relevant Lender ceases to be a Non Acceptable L/C Lender; 

  

	 	(B)	the relevant Lender’s obligations in respect of the relevant Letter of Credit are transferred to a New Lender in accordance with the terms of this Agreement; or 

 

	 	(C)	a Replacement Lender has agreed to undertake that Lender’s obligations in respect of the relevant Letter of Credit in accordance with the terms of this Agreement; and 

  
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	 	(iii)	if no amount is due and payable by the relevant Lender in respect of the relevant Letter of Credit, 

and the Issuing Bank shall pay that amount to that Borrower within 5 Business Days of that Borrower’s request 

 

	 	(c)	To the extent that a Borrower has provided cash cover pursuant to Clause 7.5 (Cash collateral by Non-Acceptable L/C Lender and Borrower’s option to provide cash cover) or Clause 7.6 (Requirement for cash
cover from Borrower), the relevant Lender’s L/C Proportion in respect of that Letter of Credit will remain (but that Lender’s obligations in relation to that Letter of Credit may be satisfied in accordance with paragraph (e)(ii) of
Clause 1.2 (Construction). 

  

	 	(d)	The Issuing Bank shall promptly notify the Agent of the extent to which a Borrower provides cash cover pursuant to Clause 7.5 (Cash collateral by Non-Acceptable L/C Lender and Borrower’s option to provide cash
cover) or Clause 7.6 (Requirement for cash cover from Borrower) and of any change in the amount of cash cover so provided. 

  

	7.8	Rights of contribution 

 No Obligor will be entitled to any right of contribution or
indemnity from any Finance Party in respect of any payment it may make under this Clause 7. 
  

	7.9	Use of Correspondent Banks 

  

	 	(a)	Where: 

  

	 	(i)	the Issuing Bank considers it necessary to issue a Letter of Credit through a Correspondent Bank; or 

  

	 	(ii)	the Ultimate Beneficiary requests that its letter of credit be issued by a bank other than the Issuing Bank, 

subject to Clause 6 (Utilisation Request – Letters of Credit), and provided that: 

 

	 	(A)	the relevant Borrower agrees to the Letter of Credit being issued to a Correspondent Bank in order to allow that Correspondent Bank to issue a letter of credit (the “Subsequent Letter of Credit”) to the
Ultimate Beneficiary; and 

  

	 	(B)	the Utilisation Request in respect of such Letter of Credit identifies the Ultimate Beneficiary and the Correspondent Bank, 

the Issuing Bank may issue a Letter of Credit to a Correspondent Bank, in order to allow that Correspondent Bank to issue a Subsequent Letter
of Credit to the Ultimate Beneficiary. 
  

	 	(b)	The Company must pay on demand to the Issuing Bank the amount of all costs and expenses (including fees payable to the Correspondent Bank) reasonably incurred by it in connection with the issue of the Subsequent Letter
of Credit by the Correspondent Bank. 

  
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	8.	DOLLAR SWINGLINE FACILITY 

  

	8.1	General 

  

	 	(a)	Clause 4.2 (Further conditions precedent) and 4.3 (Conditions relating to Optional Currencies); 

  

	 	(b)	Clause 5 (Utilisation - Revolving Facility Loans); 

  

	 	(c)	Clause 6 (Utilisation - Letters of Credit); 

  

	 	(d)	Clause 12 (Utilisation - Euro Swingline Loans); 

  

	 	(e)	Clause 14 (Optional Currencies); 

  

	 	(f)	Clause 17 (Interest) as it applies to the calculation of interest on a Loan but not default interest on an overdue amount; 

  

	 	(g)	Clause 18 (Interest Periods); and 

  

	 	(h)	Clause 19 (Changes to the Calculation of Interest), 

 do not apply to Dollar Swingline
Loans. 
  

	8.2	Dollar Swingline Facility 

 Subject to the terms of this Agreement, the Dollar Swingline
Lender makes available to the Borrowers a dollar swingline loan facility in an aggregate amount equal to the Swingline Amount, provided that any Dollar Swingline Loan to WABCO Asia Private Ltd. or to any Obligor incorporated in Singapore shall be
made available out of a Singapore branch of the Original Dollar Swingline Lender. 
  

	8.3	Purpose 

 Each Borrower shall apply all amounts borrowed by it under the Dollar Swingline
Facility towards dividends, share repurchases (other than (i) any acquisition or repurchase of shares in contravention of Section 275 of the Companies Ordinance (Cap. 622) of the Laws of Hong Kong or (ii) any financing or refinancing
of the acquisition of or subscription for shares in any Belgian Obligor (save as authorised by Articles 329, 430 and 629 of the Belgian company law and for share buy-backs carried out in accordance with Belgian company law)), acquisitions, working
capital and other general corporate purposes. A Dollar Swingline Loan may not be applied in repayment or prepayment of another Swingline Loan. 

  
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	9.	UTILISATION - DOLLAR SWINGLINE LOANS 

  

	9.1	Delivery of a Utilisation Request for Dollar Swingline Loans 

 A Borrower may utilise the
Dollar Swingline Facility by delivery to the Dollar Swingline Agent (copied to the Agent and to the Dollar Swingline Lender) of a duly completed Utilisation Request not later than the Specified Time. 

 

	9.2	Completion of a Utilisation Request for Dollar Swingline Loans 

  

	 	(a)	Each Utilisation Request for a Dollar Swingline Loan is irrevocable and will not be regarded as having been duly completed unless: 

  

	 	(i)	it identifies the Borrower; 

  

	 	(ii)	it specifies that it is for a Dollar Swingline Loan; 

  

	 	(iii)	the proposed Utilisation Date is a New York Business Day within the Availability Period; 

  

	 	(iv)	the Dollar Swingline Loan is denominated in US Dollars; 

  

	 	(v)	the amount of the proposed Dollar Swingline Loan is not more than the Available Dollar Swingline Facility and is a minimum of USD500,000 or, if less, the Available Dollar Swingline Facility; and 

 

	 	(vi)	the proposed Interest Period: 

  

	 	(A)	does not overrun the Termination Date; 

  

	 	(B)	is a period of not more than 10 New York Business Days; and 

  

	 	(C)	ends on a New York Business Day. 

  

	 	(b)	Only one Dollar Swingline Loan may be requested in each Utilisation Request. 

  

	9.3	Dollar Swingline Loan conditions 

  

	 	(a)	If the conditions set out in this Agreement have been met, the Dollar Swingline Lender shall make each Dollar Swingline Loan available through its Facility Office in New York City or in the case of a Dollar Swingline
Loan being made by a Designated Entity, through the Facility Office of that Designated Entity in its Designated Jurisdiction (as defined in paragraph (a) of Clause 32.11 (Designated Entities)). 

 

	 	(b)	The Dollar Swingline Lender will only be obliged to comply with paragraph (a) above if on the date of the Utilisation Request and on the proposed Utilisation Date: 

 

	 	(i)	there are no Defaulting Lenders (unless such Defaulting Lender has had its Commitment repaid and cancelled in full or it has been replaced pursuant to Clause 16.5 (Right of replacement or repayment and cancellation
in relation to a single Lender)); 

  
 - 54 - 

	 	(ii)	no Default is continuing or would result from the proposed Utilisation; and 

  

	 	(iii)	the Repeating Representations to be made by each Obligor are true in all material respects. 

  

	 	(c)	The Dollar Swingline Agent shall notify the Agent, the Dollar Swingline Lender and the other Lenders of the amount of each Dollar Swingline Loan by the Specified Time. 

 

	9.4	Relationship with the Revolving Facility 

  

	 	(a)	This Clause 9.4 applies when a Dollar Swingline Loan is outstanding or is to be borrowed. 

  

	 	(b)	The Revolving Facility may be used by way of Dollar Swingline Loans. The Dollar Swingline Facility is not independent of the Revolving Facility. 

 

	 	(c)	Notwithstanding any other term of this Agreement a Lender is only obliged to participate in a Revolving Facility Loan or a Dollar Swingline Loan to the extent that it would not result in the Base Currency Amount of its
participation (and that of a Lender which is its Designated Entity) in the Loans exceeding its Overall Commitment. 

  

	 	(d)	Where, but for the operation of paragraph (c) above, the Base Currency Amount of a Lender’s participation (and that of a Lender which is its Designated Entity) in the Loans would have exceeded its Overall
Commitment, the excess will be apportioned among the other Lenders participating in the relevant Loan pro rata according to their Commitments. This calculation will be applied as often as necessary until the Loan is apportioned among the
relevant Lenders in a manner consistent with paragraph (c) above. 

  

	10.	DOLLAR SWINGLINE LOANS 

  

	10.1	Dollar Swingline Loan participation 

  

	 	(a)	Although the Dollar Swingline Lender makes each Dollar Swingline Loan subject to the terms of this Agreement, each Lender agrees it is deemed to have a participation in each Dollar Swingline Loan in an amount equal to
its Dollar Swingline Proportion and it further agrees that if required pursuant to the operation of this Clause 10.1 it will fund such amount. 

  

	 	(b)	The Dollar Swingline Lender may, by written notice to the Dollar Swingline Agent not later than the Specified Time on any Business Day require each of the other Lenders to fund its participation on such Business Day in
all or a portion of the Dollar Swingline Loans outstanding in an amount equal to its Dollar Swingline Proportion of such Dollar Swingline Loans. 

  
 - 55 - 

	 	(c)	Such notice shall specify the amount of the Dollar Swingline Loans in which the Dollar Swingline Lender requires the Lenders to fund its participation. The Dollar Swingline Agent will give written notice thereof to each
Lender (with a copy to the Company) not later than the Specified Time, specifying in such notice the relevant Lender’s Dollar Swingline Proportion of each Dollar Swingline Loan. 

 

	 	(d)	Each Lender acknowledges and agrees that its obligation to fund participations in Dollar Swingline Loans pursuant to this Clause 10.1 is absolute and unconditional and shall not be affected by any circumstance
whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any set-off, withholding or reduction whatsoever. 

 

	 	(e)	Each Lender shall comply with its obligation under this Clause 10.1 by wire transfer of immediately available funds to the Dollar Swingline Agent by the Specified Time and the Dollar Swingline Agent shall promptly pay
the amounts so received to the Dollar Swingline Lender. 

  

	 	(f)	Any amounts received by the Dollar Swingline Lender from any Borrower (or other party on behalf of any Borrower) in respect of a Dollar Swingline Loan after receipt by the Dollar Swingline Lender of the proceeds of
participations therein shall be promptly remitted to the Dollar Swingline Agent; any such amounts received by the Dollar Swingline Agent shall be promptly remitted by the Dollar Swingline Agent to the Lenders that shall have made their payments
pursuant to this Clause 10.1 and to the Dollar Swingline Lender, in the amount that is proportionate to their shares. 

  

	 	(g)	Any payment under this Clause does not reduce the obligations of the Obligors. 

  

	10.2	Repayment of Dollar Swingline Loans 

 Each Borrower that has drawn a Dollar Swingline
Loan shall repay that Dollar Swingline Loan on the last day of its Interest Period. 
  

	10.3	Voluntary prepayment of Dollar Swingline Loans 

  

	 	(a)	The Borrower to which a Dollar Swingline Loan has been made may prepay at any time (with accrued interest and, subject to any Break Costs, without premium or penalty) the whole of that Dollar Swingline Loan.

  

	 	(b)	Unless a contrary indication appears in this Agreement, any part of the Dollar Swingline Facility which is prepaid or repaid may be reborrowed in accordance with the terms of this Agreement. 

 

	10.4	Interest 

  

	 	(a)	The rate of interest on each Dollar Swingline Loan for any day during its Interest Period is the aggregate of: 

  

	 	(i)	the Applicable Margin; and 

  
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	 	(ii)	the rate per annum being the highest of: 

  

	 	(A)	the Prime Rate; 

  

	 	(B)	the Federal Funds Rate (as published by the Federal Reserve Bank of New York) plus 0.50 per cent. per annum; and 

  

	 	(C)	one month USD LIBOR plus 1.00 per cent. per annum; 

 or, if Citibank N.A. is the sole
Lender with a funded participation in a Dollar Swingline Loan, the rate per annum being the highest of: 
  

	 	(D)	the Prime Rate minus 0.75 per cent. per annum; 

  

	 	(E)	the Federal Funds Rate (as published by the Federal Reserve Bank of New York) plus 0.50 per cent. per annum; and 

  

	 	(F)	one month USD LIBOR plus 1.00 per cent. per annum. 

  

	 	(b)	The Dollar Swingline Agent shall promptly notify the Dollar Swingline Lender and the relevant Borrower of the determination of the rate of interest under paragraph (a) above, such notification to be made daily by
no later than 1:00 p.m. on each day of the relevant Interest Period. 

  

	 	(c)	If any day during an Interest Period is not a New York Business Day, the rate of interest on a Dollar Swingline Loan on that day will be the rate applicable to the immediately preceding New York Business Day.

  

	 	(d)	Each Borrower shall pay accrued interest on each Dollar Swingline Loan made to it on the last day of its Interest Period. 

  

	 	(e)	For the avoidance of doubt accrued interest and utilisation fee (if applicable) on each Dollar Swingline Loan is solely for the benefit of the Dollar Swingline Lender until such time, if any, as a Lender funds its
participation in such Dollar Swingline Loan pursuant to Clause 10.1 (Dollar Swingline Loan participation) at which time such Lender becomes entitled to interest and utilisation fee (if applicable) on the amount and from the date it has
funded. 

  

	10.5	Unavailability of rate - Dollar Swingline Facility 

  

	 	(a)	If none of the Prime Rate, Federal Funds Rate or Screen Rate for one month USD LIBOR (each a “Dollar Swingline Benchmark Rate”) is available for any day, the applicable Dollar Swingline Benchmark Rate
for that day shall be the Reference Bank Rate for that day. 

  

	 	(b)	If paragraph (a) above applies but no Reference Bank Rate is available for that day there shall be no Dollar Swingline Benchmark Rate for that day and Clause 10.7 (Cost of funds - Dollar Swingline Facility)
shall apply. 

  
 - 57 - 

	10.6	Calculation of Reference Bank Rate - Dollar Swingline Facility 

  

	 	(a)	Subject to paragraph (b) below, if the Dollar Swingline Benchmark Rate is to be determined on the basis of a Reference Bank Rate for a day but a Reference Bank does not supply a quotation by noon on that day, the
Reference Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Banks. 

  

	 	(b)	If at or about noon on that day none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for that day. 

 

	10.7	Cost of funds - Dollar Swingline Facility 

  

	 	(a)	If this Clause 10.7 applies, the rate of interest on the relevant Dollar Swingline Loan for the relevant day shall be the percentage rate per annum which is the sum of: 

 

	 	(i)	the Applicable Margin; and 

  

	 	(ii)	the rate notified to the Dollar Swingline Agent by the Dollar Swingline Lender as soon as practicable and in any event before interest is due to be paid in respect of that Dollar Swingline Loan, which expresses as a
percentage rate per annum the cost to the Dollar Swingline Lender of funding its participation in that Dollar Swingline Loan from whatever source it may reasonably select. 

 

	 	(b)	Notwithstanding paragraph (a) above, if this Clause 10.7 applies and a Lender has funded a Dollar Swingline Loan pursuant to Clause 10.1 (Dollar Swingline Loan participation), the rate of interest on each
such Lender’s share of the relevant Dollar Swingline Loan for the relevant day shall instead be the percentage rate per annum which is the sum of: 

  

	 	(i)	the Applicable Margin; and 

  

	 	(ii)	the rate notified to the Dollar Swingline Agent by such Lender as soon as practicable and in any event before interest is due to be paid in respect of that Dollar Swingline Loan, which expresses as a percentage rate per
annum the cost to the relevant Lender of funding its participation in that Dollar Swingline Loan from whatever source it may reasonably select. 

  

	10.8	Interest Period 

  

	 	(a)	Each Dollar Swingline Loan has one Interest Period only. 

  

	 	(b)	The Interest Period for a Dollar Swingline Loan must be selected in the relevant Utilisation Request. 

  

	10.9	Dollar Swingline Agent 

 Notwithstanding any other term of this Agreement and without
limiting the liability of any Obligor under the Finance Documents, each Lender shall (in proportion to its 

  
 - 58 - 

 
share of the Total Commitments or, if the Total Commitments are then zero, to its share of the Total Commitments immediately prior to their reduction to zero) pay to or indemnify the Dollar
Swingline Agent, within 3 Business Days of demand, for or against any cost, loss or liability (including, without limitation, for negligence or any other category of liability whatsoever) incurred by the Dollar Swingline Agent (other than by reason
of the Dollar Swingline Agent’s gross negligence or wilful misconduct) or, in the case of any cost, loss or liability pursuant to Clause 37.10 (Disruption to payment systems etc.) notwithstanding the Dollar Swingline Agent’s
negligence, gross negligence or any other category of liability whatsoever but not including any claim based on the fraud of the Dollar Swingline Agent in acting as Dollar Swingline Agent in respect of the Dollar Swingline Facility under the Finance
Documents (unless the Dollar Swingline Agent has been reimbursed by an Obligor pursuant to a Finance Document). 
  

	11.	EURO SWINGLINE FACILITY 

  

	11.1	General 

  

	 	(a)	Clause 4.2 (Further conditions precedent) and 4.3 (Conditions relating to Optional Currencies); 

  

	 	(b)	Clause 5 (Utilisation - Revolving Facility Loans); 

  

	 	(c)	Clause 6 (Utilisation - Letters of Credit); 

  

	 	(d)	Clause 9 (Utilisation - Dollar Swingline Loans); 

  

	 	(e)	Clause 14 (Optional Currencies); 

  

	 	(f)	Clause 17 (Interest) as it applies to the calculation of interest on a Loan but not default interest on an overdue amount; 

  

	 	(g)	Clause 18 (Interest Periods); and 

  

	 	(h)	Clause 19 (Changes to the Calculation of Interest), 

 do not apply to Euro Swingline
Loans. 
  

	11.2	Euro Swingline Facility 

 Subject to the terms of this Agreement, the Euro Swingline
Lender makes available to the Borrowers a euro swingline loan facility in an aggregate amount equal to the Swingline Amount, provided that any Euro Swingline Loan to WABCO Asia Private Ltd. or to any Obligor incorporated in Singapore shall be made
available out of a Singapore branch of the Original Euro Swingline Lender. 
  

	11.3	Purpose 

 Each Borrower shall apply all amounts borrowed by it under the Euro Swingline
Facility towards dividends, share repurchases (other than (i) any acquisition or repurchase of shares in contravention of Section 275 of the Companies Ordinance (Cap. 622) of the Laws of Hong Kong or (ii) any financing or refinancing
of the 

  
 - 59 - 

 
acquisition of or subscription for shares in any Belgian Obligor (save as authorised by Articles 329, 430 and 629 of the Belgian company law and for share buy-backs carried out in accordance with
Belgian company law)), acquisitions, working capital and other general corporate purposes. A Euro Swingline Loan may not be applied in repayment or prepayment of another Swingline Loan. 

 

	12.	UTILISATION - EURO SWINGLINE LOANS 

  

	12.1	Delivery of a Utilisation Request for Euro Swingline Loans 

 A Borrower may utilise the
Euro Swingline Facility by delivery to the Euro Swingline Agent (copied to the Agent and to the Euro Swingline Lender) of a duly completed Utilisation Request not later than the Specified Time. 

 

	12.2	Completion of a Utilisation Request for Euro Swingline Loans 

  

	 	(a)	Each Utilisation Request for a Euro Swingline Loan is irrevocable and will not be regarded as having been duly completed unless: 

  

	 	(i)	it identifies the Borrower; 

  

	 	(ii)	it specifies that it is for a Euro Swingline Loan; 

  

	 	(iii)	the proposed Utilisation Date is a TARGET Day within the Availability Period; 

  

	 	(iv)	the Euro Swingline Loan is denominated in euro; 

  

	 	(v)	the amount of the proposed Euro Swingline Loan is an amount whose Base Currency Amount is not more than the Available Euro Swingline Facility and is a minimum of the euro equivalent of USD500,000 or, if less, the
Available Euro Swingline Facility; and 

  

	 	(vi)	the proposed Interest Period: 

  

	 	(A)	does not overrun the Termination Date; 

  

	 	(B)	is a period of not more than 10 TARGET Days; and 

  

	 	(C)	ends on a TARGET Day. 

  

	 	(b)	Only one Euro Swingline Loan may be requested in each Utilisation Request. 

  

	12.3	Euro Swingline Loan conditions 

  

	 	(a)	If the conditions set out in this Agreement have been met, the Euro Swingline Lender shall make each Euro Swingline Loan available through its Facility Office in London or in the case of a Euro Swingline Loan being made
by a Designated Entity, through the Facility Office of that Designated Entity in its Designated Jurisdiction (as defined in paragraph (a) of Clause 32.11 (Designated Entities)). 

  
 - 60 - 

	 	(b)	The Euro Swingline Lender will only be obliged to comply with paragraph (a) above if on the date of the Utilisation Request and on the proposed Utilisation Date: 

 

	 	(i)	there are no Defaulting Lenders (unless such Defaulting Lender has had its Commitment repaid and cancelled in full or it has been replaced pursuant to Clause 16.5 (Right of replacement or repayment and cancellation
in relation to a single Lender)); 

  

	 	(ii)	no Default is continuing or would result from the proposed Utilisation; and 

  

	 	(iii)	the Repeating Representations to be made by each Obligor are true in all material respects. 

  

	 	(c)	The Euro Swingline Agent shall determine the Base Currency Amount of each Euro Swingline Loan and notify the Agent, the Euro Swingline Lender and the other Lenders of the amount of each Euro Swingline Loan by the
Specified Time. 

  

	12.4	Relationship with the Revolving Facility 

  

	 	(a)	This Clause 12.4 applies when a Euro Swingline Loan is outstanding or is to be borrowed. 

  

	 	(b)	The Revolving Facility may be used by way of Euro Swingline Loans. The Euro Swingline Facility is not independent of the Revolving Facility. 

 

	 	(c)	Notwithstanding any other term of this Agreement a Lender is only obliged to participate in a Loan to the extent that it would not result in the Base Currency Amount of its participation (and that of a Lender which is
its Designated Entity) in the Loans exceeding its Overall Commitment. 

  

	 	(d)	Where, but for the operation of paragraph (c) above, the Base Currency Amount of a Lender’s participation (and that of a Lender which is its Designated Entity) in the Loans would have exceeded its Overall
Commitment, the excess will be apportioned among the other Lenders participating in the relevant Loan pro rata according to their Commitments. This calculation will be applied as often as necessary until the Loan is apportioned among the
relevant Lenders in a manner consistent with paragraph (c) above. 

  

	13.	EURO SWINGLINE LOANS 

  

	13.1	Euro Swingline Loan participation 

  

	 	(a)	Although the Euro Swingline Lender makes each Euro Swingline Loan subject to the terms of this Agreement, each Lender agrees it is deemed to have a participation in each Euro Swingline Loan in an amount equal to its
Euro Swingline Proportion and it further agrees that if required pursuant to the operation of this Clause 13.1, it will fund such amount. 

  
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	 	(b)	The Euro Swingline Lender may, by written notice to the Euro Swingline Agent not later than the Specified Time on any Business Day require each of the other Lenders to fund its participation on such Business Day in all
or a portion of the Euro Swingline Loans outstanding in an amount equal to the Euro Swingline Proportion of such Euro Swingline Loans. 

  

	 	(c)	Such notice shall specify the amount of the Euro Swingline Loans in which the Euro Swingline Lender requires the Lenders to fund its participation. The Euro Swingline Agent will give written notice thereof to each
Lender (with a copy to the Company) not later than the Specified Time, specifying in such notice the relevant Lender’s Euro Swingline Proportion of each Euro Swingline Loan. 

 

	 	(d)	Each Lender acknowledges and agrees that its obligation to acquire participations in Euro Swingline Loans pursuant to this Clause 13.1 is absolute and unconditional and shall not be affected by any circumstance
whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any set-off, abatement, withholding or reduction whatsoever. 

 

	 	(e)	Each Lender shall comply with its obligation under this Clause 13.1 by wire transfer of immediately available funds to the Euro Swingline Agent by the Specified Time and the Euro Swingline Agent shall promptly pay the
amounts so received to the Euro Swingline Lender. 

  

	 	(f)	Any amounts received by the Euro Swingline Lender from any Borrower (or other party on behalf of any Borrower) in respect of a Euro Swingline Loan after receipt by the Euro Swingline Lender of the proceeds of
participations therein shall be promptly remitted to the Euro Swingline Agent; any such amounts received by the Euro Swingline Agent shall be promptly remitted by the Euro Swingline Agent to the Lenders that shall have made their payments pursuant
to this Clause 13.1 and to the Euro Swingline Lender in the amount that is proportionate to their shares. 

  

	 	(g)	Any payment under this Clause does not reduce the obligations of the Obligors. 

  

	13.2	Repayment of Euro Swingline Loans 

 Each Borrower that has drawn a Euro Swingline Loan
shall repay that Euro Swingline Loan on the last day of its Interest Period. 
  

	13.3	Voluntary prepayment of Euro Swingline Loans 

  

	 	(a)	The Borrower to which a Euro Swingline Loan has been made may prepay at any time (with accrued interest and, subject to any Break Costs, without premium or penalty) the whole of that Euro Swingline Loan.

  

	 	(b)	Unless a contrary indication appears in this Agreement, any part of the Euro Swingline Facility which is prepaid or repaid may be reborrowed in accordance with the terms of this Agreement. 

  
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	13.4	Interest 

  

	 	(a)	The rate of interest on each Euro Swingline Loan for its Interest Period is the aggregate of: 

  

	 	(i)	the Applicable Margin; and 

  

	 	(ii)	the rate per annum equal to the sum of the higher of: 

  

	 	(A)	the rate of interest per annum at which the overnight deposits in Euro in an amount approximately equal to the amount with respect to which such rate is being determined, would be offered for such by the Euro Swingline
Agent to major banks in the local market; and 

  

	 	(B)	the cost of funds to the Euro Swingline Agent with respect to such amounts for such day, expressed as a rate of interest per annum. 

  

	 	(b)	The Euro Swingline Agent shall promptly notify the Euro Swingline Lender and the relevant Borrower of the determination of the rate of interest under paragraph (a) above. 

 

	 	(c)	Each Borrower shall pay accrued interest on each Euro Swingline Loan made to it on the last day of its Interest Period. 

  

	 	(d)	For the avoidance of doubt accrued interest and utilisation fee (if applicable) on each Euro Swingline Loan is solely for the benefit of the Euro Swingline Lender until such time, if any, as a Lender funds its
participation in such Euro Swingline Loan pursuant to Clause 13.1 (Euro Swingline Loan participation) at which time such Lender becomes entitled to interest and utilisation fee (if applicable) on the amount and from the date it has funded.

  

	13.5	Interest Period 

  

	 	(a)	Each Euro Swingline Loan has one Interest Period only. 

  

	 	(b)	The Interest Period for a Euro Swingline Loan must be selected in the relevant Utilisation Request. 

  

	13.6	Euro Swingline Agent 

 Notwithstanding any other term of this Agreement and without
limiting the liability of any Obligor under the Finance Documents, each Lender shall (in proportion to its share of the Total Commitments or, if the Total Commitments are then zero, to its share of the Total Commitments immediately prior to their
reduction to zero) pay to or indemnify the Euro Swingline Agent, within 3 Business Days of demand, for or against any cost, loss or liability (including, without limitation, for negligence or any other category of liability whatsoever) incurred by
the Euro Swingline Agent (other than by reason of the Euro Swingline Agent’s gross negligence or wilful misconduct) or, in the case of any cost, loss or liability pursuant to Clause 37.10 (Disruption to payment systems etc.)
notwithstanding the Euro Swingline Agent’s negligence, gross 

  
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negligence or any other category of liability whatsoever but not including any claim based on the fraud of the Euro Swingline Agent in acting as Euro Swingline Agent in respect of the Euro
Swingline Facility under the Finance Documents (unless the Euro Swingline Agent has been reimbursed by an Obligor pursuant to a Finance Document). 
  

	14.	OPTIONAL CURRENCIES 

  

	14.1	Selection of currency 

 A Borrower (or the Company on behalf of a Borrower) shall select
the currency of a Utilisation in a Utilisation Request. 
  

	14.2	Unavailability of a currency 

 If before the Specified Time on any Quotation Day: 

 

	 	(a)	a Lender notifies the Agent that the Optional Currency requested is not readily available to it in the amount required; or 

  

	 	(b)	a Lender notifies the Agent that compliance with its obligation to participate in a Loan in the proposed Optional Currency would contravene a law or regulation applicable to it, 

the Agent will give notice to the relevant Borrower and the Company to that effect by the Specified Time on that day. In this event, any Lender
that gives notice pursuant to this Clause 14.2 will be required to participate in the Loan in the Base Currency (in an amount equal to that Lender’s proportion of the Base Currency Amount or, in respect of a Rollover Loan, an amount equal to
that Lender’s proportion of the Base Currency Amount of the Rollover Loan that is due to be made) and its participation will be treated as a separate Loan denominated in the Base Currency during that Interest Period, provided that:  

 

	 	(i)	any part of a Loan treated as a separate Loan under this Clause 14.2 will not be taken into account for the purposes of any limit on the number of Loans or currencies outstanding at any one time; and 

 

	 	(ii)	a Loan will still be treated as a Rollover Loan if it is not denominated in the same currency as the maturing Loan by reason only of the operation of this Clause 14.2. 

 

	14.3	Participation in a Loan 

 Each Lender’s participation in a Loan will be determined
in accordance with paragraph (b) of Clause 5.4 (Lenders’ participation). 

  
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 SECTION 4 

REPAYMENT, PREPAYMENT AND CANCELLATION 
  

	15.	REPAYMENT OF LOANS 

  

	15.1	Repayment of Loans  

 Each Borrower which has drawn a Revolving Facility Loan shall repay
that Revolving Facility Loan on the last day of its Interest Period. The obligations of the Borrowers under this Agreement are several and not joint. 
  

	15.2	Cashless rollover 

 Without prejudice to each Borrower’s obligation under Clause
15.1 (Repayment of Loans), if: 
  

	 	(a)	one or more Revolving Facility Loans are to be made available to any Borrower: 

  

	 	(i)	on the same day that a maturing Revolving Facility Loan is due to be repaid by that Borrower; 

  

	 	(ii)	in the same currency as the maturing Revolving Facility Loan (unless it arose as a result of the operation of Clause 14.2 (Unavailability of a currency); and 

 

	 	(iii)	in whole or in part for the purpose of refinancing the maturing Revolving Facility Loan; and 

  

	 	(b)	the proportion borne by each Lender’s participation in the maturing Revolving Facility Loan to the amount of that maturing Revolving Facility Loan is the same as the proportion borne by that Lender’s
participation in the new Revolving Facility Loans to the aggregate amount of those new Revolving Facility Loans, 

 the
aggregate amount of the new Revolving Facility Loans shall, unless the relevant Borrower notifies the Agent to the contrary in the relevant Utilisation Request, be treated as if applied in or towards repayment of the maturing Revolving Facility Loan
so that: 
  

	 	(i)	if the amount of the maturing Revolving Facility Loan exceeds the aggregate amount of the new Revolving Facility Loans: 

  

	 	(A)	the relevant Borrower will only be required to make a payment under Clause 37.1 (Payments to the Agent) in an amount in the relevant currency equal to that excess; and 

 

	 	(B)	each Lender’s participation in the new Revolving Facility Loans shall be treated as having been made available and applied by the Borrower in or towards repayment of that Lender’s participation in the maturing
Revolving Facility Loan and that Lender will not be required to make a payment under Clause 37.1 (Payments to the Agent) in respect of its participation in the new Revolving Facility Loans; and 

  
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	 	(ii)	if the amount of the maturing Revolving Facility Loan is equal to or less than the aggregate amount of the new Revolving Facility Loans: 

 

	 	(A)	the relevant Borrower will not be required to make a payment under Clause 37.1 (Payments to the Agent); and 

  

	 	(B)	each Lender will be required to make a payment under Clause 37.1 (Payments to the Agent) in respect of its participation in the new Revolving Facility Loans only to the extent that its participation in the new
Revolving Facility Loans exceeds that Lender’s participation in the maturing Revolving Facility Loan and the remainder of that Lender’s participation in the new Revolving Facility Loans shall be treated as having been made available and
applied by the Borrower in or towards repayment of that Lender’s participation in the maturing Revolving Facility Loan. 

  

	16.	PREPAYMENT AND CANCELLATION 

  

	16.1	Illegality 

  

	 	(a)	If, at any time, it is or will become unlawful in any applicable jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain its participation in any Utilisation,
that Lender shall promptly notify the Agent upon becoming aware of that event and shall take all reasonable steps to mitigate in accordance with Clause 24.1 (Mitigation) and without prejudice to such Lender’s obligations under Clause
24.1 (Mitigation): 

  

	 	(i)	within 20 Business Days of the Agent notifying the Company, the Company may, by written notice to the Agent and that Lender, require that Lender to transfer its Commitment to a replacement Lender in accordance with
paragraph (d) of Clause 16.5 (Right of replacement or repayment and cancellation in relation to a single Lender) provided that any applicable grace period permitted by law has not expired; and 

 

	 	(ii)	if the Company does not deliver a notice under paragraph (i) above within 20 Business Days of receipt of notice from the Agent or any applicable grace period permitted by law under paragraph (i) above has
expired, the Commitment of that Lender will be immediately cancelled and each Borrower shall repay that Lender’s participation in the Utilisations made to that Borrower on the last day of the Interest Period for each Utilisation occurring after
the Agent has notified the Company or, if earlier, the date specified by the Lender in the notice delivered to the Agent. 

  

	 	(b)	 If at any time it is or will become unlawful for the Issuing Bank or its Designated Entity (as applicable) to issue or leave outstanding any Letter of

  
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Credit, the Issuing Bank shall promptly notify the Agent upon becoming aware of that event, and upon the Agent notifying the Company, the Facility shall cease to be available for the issue of
Letters of Credit and each Borrower shall use its reasonable endeavours to procure the release of each Letter of Credit requested by that Borrower and outstanding at such time as soon as practicable. 

 

	16.2	Change of control 

  

	 	(a)	If, at any time, but subject to the proviso below, any person or group of persons acting in concert gains control of the Company: 

  

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

  

	 	(ii)	a Lender shall not be obliged to fund a Utilisation (except for a Rollover Loan) including for the avoidance of doubt, during any Consultation Period (as defined in paragraph (iii) below) or any Notice Period (as
defined in paragraph (iv) below); 

  

	 	(iii)	the Company may by notice to the Agent (upon receipt of which the Agent shall promptly notify the other Lenders) commence a consultation period of not less than 10 days with the Lenders in respect of such change of
control (a “Consultation Period”) with a view to agreeing whether the Facilities shall continue to be made available and on what terms; 

  

	 	(iv)	if no agreement is reached between the Company and the Lenders pursuant to paragraph (iii) above and if a Lender so requires and notifies the Agent at any time following the end of a Consultation Period, the Agent
shall, by not less than 20 days’ notice to the Company (the “Notice Period”), cancel the Commitment of that Lender and declare the participation of that Lender in all outstanding Utilisations, together with accrued interest and
all other amounts accrued under the Finance Documents, immediately due and payable, at which time the Commitment of that Lender will be cancelled and all such outstanding amounts will become immediately due and payable,  

provided that paragraphs (ii), (iii) and (iv) above shall not apply to a situation where: (A) all of the shares of the
Company are howsoever transferred to another company whose voting share capital is owned by those persons that own the voting share capital of the Company immediately prior to such transfer in the same proportions as they owned the voting share
capital of the Company; and (B) such company accedes to this Agreement as an Additional Guarantor. 
  

	 	(b)	For the purpose of paragraph (a) above “control” means: 

  

	 	(i)	the power (directly or indirectly and whether by way of ownership of shares, proxy, contract, agency or otherwise) to: 

  
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	 	(A)	cast, or control the casting of, more than one-half of the maximum number of votes that might be cast at a general meeting of the Company; or 

 

	 	(B)	appoint or remove all, or the majority, of the directors or other equivalent officers of the Company; or 

  

	 	(C)	give directions with respect to the operating and financial policies of the Company which the directors or other equivalent officers of the Company are obliged to comply with; or 

 

	 	(ii)	the holding, directly or indirectly, of more than one-half of the issued share capital of the Company (excluding any part of that issued share capital that carries no right to participate beyond a specified amount in a
distribution of either profits or capital). 

  

	 	(iii)	For the purpose of paragraph (a) above “acting in concert” means, a group of persons who, pursuant to an agreement or understanding (whether formal or informal), actively co-operate, through the
acquisition by any of them, either directly or indirectly, of shares in the Company, to obtain or consolidate control of the Company. 

  

	16.3	Voluntary cancellation 

 The Company may at any time, if it gives the Agent not less than
3 Business Days’ (or such shorter period as the Majority Lenders may agree) prior irrevocable written notice, cancel the whole or any part (being a minimum amount of USD5,000,000, in integral multiples of USD1,000,000) of the Available
Facility. Any cancellation under this Clause 16.3 shall reduce the Commitments of the Lenders rateably. 
  

	16.4	Voluntary prepayment of Utilisations 

 The Borrower to which a Utilisation has been made
may, if it gives the Agent not less than 3 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Utilisation with accrued interest and, subject to Break Costs, without premium
or penalty (but if in part, being an amount that reduces the Base Currency Amount of the Utilisations by a minimum amount of USD1,000,000). 
  

	16.5	Right of replacement or repayment and cancellation in relation to a single Lender 

  

	 	(a)	If: 

  

	 	(i)	it is or will become unlawful for a Lender to perform any of its obligations as set out under Clause 16.1 (Illegality); 

  

	 	(ii)	any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of Clause 21.2 (Tax gross-up); 

 

	 	(iii)	any Lender claims indemnification from the Company under Clause 21.3 (Tax indemnity) or Clause 22.1 (Increased costs); or 

  
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	 	(iv)	any Lender is a Defaulting Lender, 

 the Company may, whilst (in the case of paragraphs (ii),
(iii) and (iv) above) the circumstance giving rise to the requirement for that increase or indemnification continues, give the Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that
Lender’s participation in the Utilisations, in each case, or give the Agent notice of its intention to replace that Lender in accordance with paragraph (d) below. 
  

	 	(b)	On receipt of a notice of cancellation referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. 

 

	 	(c)	On the last day of each Interest Period which ends after the Company has given notice of cancellation under paragraph (a) above (or, if earlier, the date specified by the Company in that notice), each Borrower to
which a Utilisation is outstanding shall repay that Lender’s participation in that Utilisation. 

  

	 	(d)	The Company may: 

  

	 	(i)	in the circumstances set out in paragraph (a) above; or 

  

	 	(ii)	in the circumstances set out in paragraph (i) of Clause 2.3 (Extension option), 

on 5 Business Days’ prior notice to the Agent and that Lender, replace that Lender by requiring that Lender to (and to the extent
permitted by law, that Lender shall) transfer pursuant to Clause 32 (Changes to the Lenders) all (and not part only) of its rights and obligations under this Agreement to a Lender or other bank, financial institution, trust, fund or other
entity (a “Replacement Lender”) selected by the Company which confirms its willingness to assume and does assume all the obligations of the transferring Lender in accordance with Clause 32 (Changes to the Lenders) for a
purchase price in cash or other cash payment payable at the time of the transfer in an amount equal to the outstanding principal amount of such Lender’s participation in the outstanding Utilisations and all accrued interest and/or Letter of
Credit fees (to the extent that the Agent has not given a notification under Clause 32.10 (Pro rata interest settlement), Break Costs and other amounts payable in relation thereto under the Finance Documents. 

 

	 	(e)	The replacement of a Lender pursuant to paragraph (d) above shall be subject to the following conditions: 

  

	 	(i)	the Company shall have no right to replace the Agent; 

  

	 	(ii)	neither the Agent nor any Lender shall have any obligation to find a replacement Lender; 

  

	 	(iii)	in no event shall the Lender replaced under paragraph (d) above be required to pay or surrender any of the fees received by such Lender pursuant to the Finance Documents; and 

  
 - 69 - 

	 	(iv)	the Lender shall only be obliged to transfer its rights and obligations pursuant to paragraph (d) above once it is satisfied that it has complied with all necessary “know your customer” or other similar
checks under all applicable laws and regulations in relation to that transfer. 

  

	 	(f)	A Lender shall perform the checks described in paragraph (e)(iv) above as soon as reasonably practicable following delivery of a notice referred to in paragraph (d) above and shall notify the Agent and the Company
when it is satisfied that it has complied with those checks. 

  

	16.6	Restrictions 

  

	 	(a)	Any notice of cancellation or prepayment given by any Party under this Clause 16 shall be irrevocable and, unless a contrary indication appears in this Agreement, shall specify the date or dates upon which the relevant
cancellation or prepayment is to be made and the amount of that cancellation or prepayment. 

  

	 	(b)	Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and, subject to any Break Costs, without premium or penalty. 

 

	 	(c)	Unless a contrary indication appears in this Agreement, any part of a Facility which is prepaid or repaid may be reborrowed in accordance with the terms of this Agreement. 

 

	 	(d)	The Borrowers shall not repay or prepay all or any part of the Utilisations or cancel all or any part of the Commitments except at the times and in the manner expressly provided for in this Agreement. 

 

	 	(e)	No amount of the Total Commitments cancelled under this Agreement may be subsequently reinstated (other than in accordance with Clause 2.2 (Increase in Total Commitments)). 

 

	 	(f)	If the Agent receives a notice under this Clause 16 it shall promptly forward a copy of that notice to either the Company or the affected Lender or Issuing Bank, as appropriate. 

 

	 	(g)	If all or part of any Lender’s participation is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of that Lender’s
Commitment (equal to the Base Currency Amount of the amount of the participation which is repaid or prepaid) will be deemed to be cancelled on the date of repayment or prepayment. 

 

	16.7	Application of prepayments 

 Any prepayment of a Utilisation pursuant to Clause 16.4
(Voluntary prepayment of Utilisations) shall be applied pro rata to each Lender’s participation in that Utilisation. 

  
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 SECTION 5 

COSTS OF UTILISATION 
  

	17.	INTEREST 

  

	17.1	Calculation of interest 

 The rate of interest on each Revolving Facility Loan for each
Interest Period is the percentage rate per annum which is the aggregate of the: 
  

	 	(a)	Applicable Margin; and 

  

	 	(b)	LIBOR or, in relation to any Revolving Facility Loan in euro, EURIBOR or, in relation to any Revolving Facility Loan in a Non-LIBOR Currency, the Benchmark Rate for that currency. 

 

	17.2	Payment of interest 

 The Borrower to which a Loan has been made shall pay accrued
interest on that Revolving Facility Loan on the last day of each Interest Period (and, if the Interest Period is longer than six Months, on the dates falling at six Monthly intervals after the first day of the Interest Period). 

 

	17.3	Default interest 

  

	 	(a)	If an Obligor fails to pay any amount payable by it under a Finance Document on its due date, interest shall accrue on the overdue amount from the due date up to the date of actual payment (both before and after
judgment) at a rate which, subject to paragraph (b) below, is one per cent per annum higher than the rate which would have been payable if the overdue amount had, during the period of non-payment, constituted a Loan in the currency of the
overdue amount for successive Interest Periods, each of a duration selected by the Agent (acting reasonably). Any interest accruing under this Clause 17.3 shall be immediately payable by the Obligor on demand by the Agent. 

 

	 	(b)	If any overdue amount consists of all or part of a Loan which became due on a day which was not the last day of an Interest Period relating to that Loan: 

 

	 	(i)	the first Interest Period for that overdue amount shall have a duration equal to the unexpired portion of the current Interest Period relating to that Loan; and 

 

	 	(ii)	the rate of interest applying to the overdue amount during that first Interest Period shall be one per cent. per annum higher than the rate which would have applied if the overdue amount had not become due.

  

	 	(c)	Default interest (if unpaid) arising on an overdue amount will be compounded with the overdue amount at the end of each Interest Period applicable to that overdue amount but will remain immediately due and payable.

  
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	17.4	Notification of rates of interest 

  

	 	(a)	The Agent shall promptly notify the relevant Lenders and the relevant Borrower of the determination of a rate of interest under this Agreement. 

 

	 	(b)	The Agent shall promptly notify the relevant Borrower of each Funding Rate relating to a Loan. 

  

	18.	INTEREST PERIODS 

  

	18.1	Selection of Interest Periods 

  

	 	(a)	A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan. 

 

	 	(b)	Subject to this Clause 18, a Borrower (or the Company on behalf of a Borrower) may select an Interest Period of one, three, six or twelve Months if the Loan is not in a Non-LIBOR Currency or, if the Loan is in a
Non-LIBOR Currency, any period specified in respect of that currency in Schedule 18 (Other Benchmarks) or, in either case, any other period agreed between a Borrower (or the Company on its behalf) and the Agent (acting on the instructions of
all the Lenders in relation to the relevant Loan). 

  

	 	(c)	An Interest Period for a Revolving Facility Loan shall not extend beyond the Termination Date. 

  

	 	(d)	Each Interest Period for a Revolving Facility Loan shall start on the Utilisation Date. 

  

	 	(e)	A Revolving Facility Loan has one Interest Period only. 

  

	18.2	Non-Business Days 

 If an Interest Period would otherwise end on a day which is not a
Business Day, that Interest Period will instead end on the next Business Day in that calendar month (if there is one) or the preceding Business Day (if there is not). 
  

	19.	CHANGES TO THE CALCULATION OF INTEREST 

  

	19.1	Unavailability of Screen Rate 

  

	 	(a)	Interpolated Screen Rate: If no Screen Rate is available for LIBOR or, if applicable, EURIBOR or, if applicable, the Benchmark Rate for the Interest Period of a Loan, the applicable LIBOR or EURIBOR or Benchmark
Rate shall be the Interpolated Screen Rate for a period equal in length to the Interest Period of that Loan. 

  

	 	(b)	Shortened Interest Period: If no Screen Rate is available for LIBOR or, if applicable, EURIBOR or, if applicable, the Benchmark Rate for: 

 

	 	(i)	the currency of a Loan; or 

  
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	 	(ii)	the Interest Period of a Loan and it is not possible to calculate the Interpolated Screen Rate, 

the Interest Period of that Loan shall (if it is longer than the applicable Fallback Interest Period) be shortened to the applicable Fallback
Interest Period and the applicable LIBOR or EURIBOR or Benchmark Rate for that shortened Interest Period shall be determined pursuant to the relevant definition. 
  

	 	(c)	Shortened Interest Period and Historic Screen Rate: If the Interest Period of a Loan is, after giving effect to paragraph (b) above, either the applicable Fallback Interest Period or shorter than the
applicable Fallback Interest Period and, in either case, no Screen Rate is available for LIBOR or, if applicable, EURIBOR or, if applicable, the Benchmark Rate for: 

 

	 	(i)	the currency of that Loan; or 

  

	 	(ii)	the Interest Period of that Loan and it is not possible to calculate the Interpolated Screen Rate, 

the applicable LIBOR or EURIBOR or Benchmark Rate shall be the Historic Screen Rate for that Loan. 

 

	 	(d)	Shortened Interest Period and Interpolated Historic Screen Rate: If paragraph (c) above applies but no Historic Screen Rate is available for the Interest Period of the Loan, the applicable LIBOR or EURIBOR
or Benchmark Rate shall be the Interpolated Historic Screen Rate for a period equal in length to the Interest Period of that Loan. 

  

	 	(e)	Reference Bank Rate: If paragraph (d) above applies but it is not possible to calculate the Interpolated Historic Screen Rate, the Interest Period of that Loan shall, if it has been shortened pursuant to
paragraph (b) above, revert to its previous length and the applicable LIBOR or EURIBOR or Benchmark Rate shall be the Reference Bank Rate as of the Specified Time for the currency of that Loan and for a period equal in length to the Interest
Period of that Loan. 

  

	 	(f)	Cost of funds: If paragraph (e) above applies but no Reference Bank Rate is available for the relevant currency or Interest Period there shall be no LIBOR or EURIBOR or Benchmark Rate for that Loan and
Clause 19.4 (Cost of funds) shall apply to that Loan for that Interest Period. 

  

	19.2	Calculation of Reference Bank Rate 

  

	 	(a)	Subject to paragraph (b) below if LIBOR or EURIBOR or a Benchmark Rate is to be determined on the basis of a Reference Bank Rate but a Reference Bank does not supply a quotation by the Specified Time, the Reference
Bank Rate shall be calculated on the basis of the quotations of the remaining Reference Banks. 

  

	 	(b)	If at or about: 

  

	 	(i)	noon on the Quotation Day; or 

  
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	 	(ii)	in the case of a Benchmark Rate, the time specified in respect of the relevant currency in Schedule 18 (Other Benchmarks), 

none or only one of the Reference Banks supplies a quotation, there shall be no Reference Bank Rate for the relevant Interest Period. 

 

	19.3	Market disruption 

 If before: 

 

	 	(a)	close of business in London on the Quotation Day for the relevant Interest Period; or 

  

	 	(b)	in the case of a Loan in a Non-LIBOR Currency, the time specified in respect of that currency in Schedule 18 (Other Benchmarks), 

the Agent receives notifications from a Lender or Lenders (whose participations in a Loan exceed 45 per cent. of that Loan) that the cost
to it of funding its participation in that Loan from whatever source it may reasonably select would be in excess of LIBOR or, if applicable, EURIBOR, or, if applicable, the Benchmark Rate, then Clause 19.4 (Cost of funds) shall apply to that
Loan for the relevant Interest Period. 
  

	19.4	Cost of funds 

  

	 	(a)	If this Clause 19.4 applies, the rate of interest on each Lender’s share of the relevant Loan for the relevant Interest Period shall be the percentage rate per annum which is the sum of: 

 

	 	(i)	the Applicable Margin; and 

  

	 	(ii)	the rate notified to the Agent by that Lender as soon as practicable and in any event before interest is due to be paid in respect of that Interest Period, to be that which expresses as a percentage rate per annum the
cost to the relevant Lender of funding its participation in that Loan from whatever source it may reasonably select. 

  

	 	(b)	If this Clause 19.4 applies and the Agent or the Company so requires, the Agent and the Company shall enter into negotiations (for a period of not more than 30 days) with a view to agreeing a substitute basis for
determining the rate of interest. 

  

	 	(c)	Any alternative basis agreed pursuant to paragraph (b) above shall, with the prior consent of all the Lenders and the Company, be binding on all Parties. 

 

	19.5	Notification to Company 

 If Clause 19.4 (Cost of funds) applies or if LIBOR,
EURIBOR or a Benchmark Rate is to be determined on the basis of a Reference Bank Rate the Agent shall, as soon as is practicable, notify the Company. 

  
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	19.6	Break Costs 

  

	 	(a)	Each Borrower shall, within 5 Business Days of demand by a Finance Party, pay to that Finance Party its Break Costs attributable to all or any part of a Loan or Unpaid Sum being paid by that Borrower on a day other than
the last day of an Interest Period for that Loan or Unpaid Sum. 

  

	 	(b)	Each Lender shall, as soon as reasonably practicable after a demand by the Agent, provide to the Agent for the Company a certificate confirming the details and amount of any Break Costs claimed by it under this Clause
19.6 for any Interest Period in which they accrue. 

  

	20.	FEES 

  

	20.1	Commitment fee 

  

	 	(a)	The Company shall pay to the Agent (for the account of each Lender) a fee in the Base Currency computed at the rate of 35 per cent. per annum of the Applicable Margin on that Lender’s Available Commitment from
the date of this Agreement until the last day of the Availability Period. For the purposes of commitment fee only, (i) the Available Commitment of each Lender (other than a Lender that is an Affiliate of a Swingline Lender) shall be increased
by the amount of its deemed participation in any Swingline Loan that is not funded and has not been requested to be funded and (ii) the Available Commitment of a Lender that is an Affiliate of a Swingline Lender shall be decreased by the amount
of any Swingline Loan funded by it. 

  

	 	(b)	The accrued commitment fee is payable (i) on the last day of each successive period of three Months which ends during the period beginning on the date of this Agreement and ending on the last day of the
Availability Period, (ii) on the last day of the Availability Period and, (iii) if cancelled in full, on the cancelled amount of the relevant Lender’s Commitment at the time the cancellation is effective. 

 

	20.2	Utilisation fees 

  

	 	(a)	The Company shall pay to the Agent (subject to paragraph (e) of Clause 10.4 (Interest) and paragraph (d) of Clause 13.4 (Interest), for the account of each Lender) a utilisation fee in US Dollars
computed at a rate of: 

  

	 	(i)	0.075 per cent. per annum on the aggregate Base Currency Amount of the Utilisations hereunder for each day on which such amount is greater than 0 per cent. but less than or equal to 33.33 per cent. of the
Total Commitments; 

  

	 	(ii)	 0.15 per cent. per annum on the aggregate Base Currency Amount of the Utilisations hereunder for each day on which such amount is greater than
33.33 per cent. but less than or equal to 66.66 per cent. of the Total Commitments; and 

  
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	 	(iii)	0.30 per cent. per annum on the aggregate Base Currency Amount of the Utilisations for each day on which such amount is greater than 66.66 per cent. of the Total Commitments. 

 

	 	(b)	The accrued utilisation fee is payable on the last day of each successive period of three Months commencing on the date falling three Months after the date of this Agreement. 

 

	20.3	Arrangement fee 

 The Company shall pay to the Arranger an arrangement fee in the amount
and at the times agreed in a Fee Letter. 
  

	20.4	Agency fee 

 The Company shall pay to the Agent (for its own account) an agency fee in
the amount and at the times agreed in a Fee Letter. 
 SECTION 6 

ADDITIONAL PAYMENT OBLIGATIONS  
  

	21.	TAX GROSS UP AND INDEMNITIES 

  

	21.1	Definitions 

  

	 	(a)	In this Agreement: 

 “Belgian Qualifying Lender” means a Lender which is: 

 

	 	(i)	a “professional investor” (investisseur professionel/beroepsbelegger), as defined under Article 105, 3° of the Belgian Royal Decree of implementation of the Income Tax Code 1992 (“RD ITC
1992”); or 

  

	 	(ii)	not regarded as resident of Belgium for Belgium tax purposes and does not use its participation in any Utilisation to carry out a business in Belgium; or 

 

	 	(iii)	a credit institution acting through an establishment located in a member state of the European Economic Area, or in a jurisdiction with which Belgium has a double taxation agreement, which is registered and duly allowed
by the local competent supervisory authority to perform credit activities within the meaning of Article 4.1, 1) of Regulation (EU) No 575/2013 of the European parliament and of the council of 26 June 2013 on prudential requirements for credit
institutions and investment firms and amending Regulation 575/2013. 

 “Protected Party” means a Finance
Party which is or will be subject to any liability, or required to make any payment, for or on account of Tax in relation to a sum received or receivable (or any sum deemed for the purposes of Tax to be received or receivable) under a Finance
Document. 

  
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 “Tax Credit” means a credit against, relief or remission for, or repayment of
any Tax. 
 “Tax Deduction” means a deduction or withholding for or on account of Tax from a payment under a Finance
Document, other than a FATCA Deduction. 
 “Tax Payment” means either the increase in a payment made by an Obligor to a
Finance Party under Clause 21.2 (Tax gross-up) or a payment under Clause 21.3 (Tax indemnity). 
  

	 	(b)	Unless a contrary indication appears, in this Clause 21 a reference to “determines” or “determined” means a determination made in the absolute discretion of the person making the determination.

  

	21.2	Tax gross-up 

  

	 	(a)	Each Obligor shall make all payments to be made by it without any Tax Deduction, unless a Tax Deduction is required by law. 

  

	 	(b)	The Company shall promptly upon becoming aware that an Obligor must make a Tax Deduction (or that there is any change in the rate or the basis of a Tax Deduction) notify the Agent accordingly. Similarly, a Lender shall
notify the Agent on becoming so aware in respect of a payment payable to that Lender. If the Agent receives such notification from a Lender it shall promptly notify the Company and that Obligor. 

 

	 	(c)	If a Tax Deduction is required by law to be made by an Obligor, the amount of the payment due from that Obligor shall be increased to an amount which (after making any Tax Deduction) leaves an amount equal to the
payment which would have been due if no Tax Deduction had been required. 

  

	 	(d)	A payment shall not be increased under paragraph (c) above by reason of a Tax Deduction if: 

  

	 	(i)	with respect to payments made by or on behalf of a U.S. Borrower, to the extent that such Tax Deduction is required as a result of such Lender’s failure to comply with its obligation under paragraph (a) of Clause
21.6 (Filings); 

  

	 	(ii)	with respect to any other payments to the extent that such Tax Deduction is required as a result of such Lender’s failure to comply with its obligations under paragraph (b) of Clause 21.6 (Filings); or

  

	 	(iii)	on the date on which the payment falls due, the payment could have been made to the relevant Lender without a Tax Deduction if the Lender had been a Belgian Qualifying Lender but on that date that Lender is not or has
ceased to be a Belgian Qualifying Lender, other than as a result of any change after the date it became a Lender under this Agreement in (or in the interpretation, administration or application of) any law or double taxation agreement.

  
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	 	(e)	If an Obligor is required to make a Tax Deduction, that Obligor shall make that Tax Deduction and any payment required in connection with that Tax Deduction within the time allowed and in the minimum amount required by
law. 

  

	 	(f)	Within 30 days of making either a Tax Deduction or any payment required in connection with that Tax Deduction, the Obligor making that Tax Deduction shall deliver to the Agent for the Finance Party entitled to the
payment evidence reasonably satisfactory to that Finance Party that the Tax Deduction has been made or (as applicable) any appropriate payment paid to the relevant taxing authority. 

 

	21.3	Tax indemnity 

  

	 	(a)	The Company shall (within 3 Business Days of demand by the Agent) pay to a Protected Party an amount equal to the loss, liability or cost which that Protected Party determines will be or has been (directly or
indirectly) suffered for or on account of Tax by that Protected Party in respect of a Finance Document or the transaction occurring under such Finance Document. 

  

	 	(b)	Paragraph (a) above shall not apply: 

  

	 	(i)	with respect to any Tax assessed on a Finance Party: 

  

	 	(A)	under the law of the jurisdiction in which that Finance Party is incorporated or, if different, the jurisdiction (or jurisdictions) in which that Finance Party is treated as resident for tax purposes; or

  

	 	(B)	under the law of the jurisdiction in which that Finance Party’s Facility Office is located in respect of amounts received or receivable in that jurisdiction, 

if that Tax is imposed on or calculated by reference to the net income received or receivable (but not any sum deemed to be received or
receivable) by that Finance Party; or 
  

	 	(ii)	to the extent a loss, liability or cost: 

  

	 	(A)	is compensated for by an increased payment under Clause 21.2 (Tax gross-up); 

  

	 	(B)	is attributable to the UK Bank Levy but only in respect of amounts for which a Lender is liable as at the date of this Agreement; 

  

	 	(C)	would have been compensated for by an increased payment under Clause 21.2 (Tax gross-up) but was not so compensated solely because one of the exclusions in paragraph (d) of Clause 21.2 (Tax gross-up)
applied; or 

  

	 	(D)	relates to a FATCA Deduction required to be made by a Party. 

  
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	 	(c)	A Protected Party making, or intending to make a claim under paragraph (a) above shall promptly notify the Agent of the event which will give, or has given, rise to the claim, following which the Agent shall notify the
Company. 

  

	 	(d)	A Protected Party shall, on receiving a payment from an Obligor under this Clause 21.3, notify the Agent. 

  

	21.4	Tax Credit 

 If an Obligor makes a Tax Payment and the relevant Finance Party determines
that: 
  

	 	(a)	a Tax Credit is attributable either to an increased payment of which that Tax Payment forms part, or to that Tax Payment; and 

  

	 	(b)	that Finance Party has obtained, utilised and retained that Tax Credit, 

 the Finance Party
shall pay an amount to the Obligor which that Finance Party reasonably determines will leave it (after that payment) in the same after-Tax position as it would have been in had the Tax Payment not been required to be made by the Obligor. 

 

	21.5	Stamp taxes 

 The Company shall pay and, within 3 Business Days of demand, indemnify each
Finance Party against any cost, loss or liability that Finance Party incurs in relation to all stamp duty, registration, excise and other similar Taxes payable in respect of any Finance Document or the transactions occurring under any of them
(excluding, for the avoidance of doubt, any such Tax arising in connection with an assignment or transfer by that Lender of its rights or obligations under any Finance Document). 

 

	21.6	Filings 

  

	 	(a)	Prior to becoming a Party to this Agreement, each Lender will provide the Agent with, as relevant, an original executed: 

  

	 	(i)	IRS Form W-9 (or any successor form); 

  

	 	(ii)	IRS Form W-8ECI (or any successor form); 

  

	 	(iii)	IRS Form W-8BEN or W-8BEN-E (or any successor form) establishing a complete exemption under an applicable treaty from a Tax Deduction for U.S. withholding Taxes on all payments made pursuant to this Agreement;

  

	 	(iv)	IRS Form W-8BEN or W-8BEN-E (or any successor form) (along with a statement certifying that such Lender is not: 

  

	 	(A)	a “bank” within the meaning of Section 881(c)(3)(A) of the Code; 

  

	 	(B)	 a “10 per cent. shareholder” of a Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code; or

  
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	 	(C)	a “controlled foreign corporation” that is related to a Borrower within the meaning of Section 881(c)(3)(C) of the Code; or 

 

	 	(v)	such other IRS forms or certifications that establish that the Lender is entitled to a complete exemption from a Tax Deduction for U.S. withholding Taxes on all payments made pursuant to this Agreement.

  

	 	(b)	A Belgian Qualifying Lender and each Obligor which makes a payment to which that Belgian Qualifying Lender is entitled shall co-operate in completing any procedural formalities necessary for that Obligor to obtain
authorisation to make that payment with the minimum possible Tax Deduction. 

  

	21.7	VAT 

  

	 	(a)	All amounts expressed to be payable under a Finance Document by any Party to a Finance Party which (in whole or in part) constitute the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT
which is chargeable on that supply, and accordingly, subject to paragraph (b) below, if VAT is or becomes chargeable on any supply made by any Finance Party to any Party under a Finance Document and such Finance Party is required to account to
the relevant tax authority for the VAT, that Party must pay to such Finance Party (in addition to and at the same time as paying any other consideration for such supply) an amount equal to the amount of the VAT 

(and such Finance Party must promptly provide an appropriate VAT invoice to that Party). 

 

	 	(b)	If VAT is or becomes chargeable on any supply made by any Finance Party (the “Supplier”) to any other Finance Party (the “Recipient”) under a Finance Document, and any Party other than
the Recipient (the “Relevant Party”) is required by the terms of any Finance Document to pay an amount equal to the consideration for that supply to the Supplier (rather than being required to reimburse or indemnify the Recipient in
respect of that consideration): 

  

	 	(i)	(where the Supplier is the person required to account to the relevant tax authority for the VAT) the Relevant Party must also pay to the Supplier (at the same time as paying that amount) an additional amount equal to
the amount of the VAT. The Recipient must (where this paragraph (i) applies) promptly pay to the Relevant Party an amount equal to any credit or repayment the Recipient receives from the relevant tax authority which the Recipient reasonably
determines relates to the VAT chargeable on that supply; and 

  

	 	(ii)	(where the Recipient is the person required to account to the relevant tax authority for the VAT) the Relevant Party must promptly, following demand from the Recipient, pay to the Recipient an amount equal to the VAT
chargeable on that supply but only to the extent that the Recipient reasonably determines that it is not entitled to credit or repayment from the relevant tax authority in respect of that VAT. 

 

	 	(c)	 Where a Finance Document requires any Party to reimburse or indemnify a Finance Party for any cost or expense, that Party shall reimburse or indemnify

  
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(as the case may be) such Finance Party for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that such Finance Party reasonably
determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority. 

  

	 	(d)	Any reference in this Clause 21.7 to any Party shall, at any time when such Party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to
the representative member of such group at such time (the term “representative member” to have the same meaning as in the Value Added Tax Act 1994). 

  

	 	(e)	In relation to any supply made by a Finance Party to any Party under a Finance Document, if reasonably requested by such Finance Party, that Party must promptly provide such Finance Party with details of that
Party’s VAT registration and such other information as is reasonably requested in connection with such Finance Party’s VAT reporting requirements in relation to such supply. 

 

	21.8	Survival of obligations 

 Without prejudice to the survival of any other section of this
Agreement, the agreements and obligations of each Obligor and each Finance Party contained in this Clause 21 shall survive the payment in full by the Obligors of all obligations under this Agreement and the termination of this Agreement. 

 

	21.9	FATCA Information 

  

	 	(a)	Subject to paragraph (c) below, each Party shall, within 10 Business Days of a reasonable request by another Party: 

  

	 	(i)	confirm to that other Party whether it is: 

  

	 	(A)	a FATCA Exempt Party; or 

  

	 	(B)	not a FATCA Exempt Party; 

  

	 	(ii)	supply to that other Party such forms, documentation and other information relating to its status under FATCA as that other Party reasonably requests for the purposes of that other Party’s compliance with FATCA;
and 

  

	 	(iii)	supply to that other Party such forms, documentation and other information relating to its status as that other Party reasonably requests for the purposes of that other Party’s compliance with any other law,
regulation, or exchange of information regime. 

  

	 	(b)	If a Party confirms to another Party pursuant to paragraph (a)(i) above that it is a FATCA Exempt Party and it subsequently becomes aware that it is not, or has ceased to be a FATCA Exempt Party, that Party shall notify
that other Party reasonably promptly. 

  
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	 	(c)	Paragraph (a) above shall not oblige any Finance Party to do anything, and paragraph (a)(iii) above shall not oblige any other Party to do anything, which would or might in its reasonable opinion constitute a
breach of: 

  

	 	(i)	any law or regulation; 

  

	 	(ii)	any fiduciary duty; or 

  

	 	(iii)	any duty of confidentiality. 

  

	 	(d)	If a Party fails to confirm whether or not it is a FATCA Exempt Party or to supply forms, documentation or other information requested in accordance with paragraph (a)(i) or (a)(ii) above (including, for the avoidance
of doubt, where paragraph (c) above applies), then such Party shall be treated for the purposes of the Finance Documents (and payments under them) as if it is not a FATCA Exempt Party until such time as the Party in question provides the
requested confirmation, forms, documentation or other information. 

  

	 	(e)	If a Borrower is a U.S. Tax Obligor, or the Agent reasonably believes that its obligations under FATCA or any other applicable law or regulation require it, each Lender shall, within 10 Business Days of:

  

	 	(i)	where an Original Borrower is a U.S. Tax Obligor and the relevant Lender is an Original Lender, the Effective Date; 

  

	 	(ii)	where a Borrower is a U.S. Tax Obligor on a Transfer Date or date on which an increase in Commitments takes effect pursuant to Clause 2.2 (Increase in Total Commitments) and the relevant Lender is a New Lender or
a Further Lender, the relevant Transfer Date or date on which the relevant increase in Commitments takes effect pursuant to Clause 2.2 (Increase in Total Commitments); 

 

	 	(iii)	the date a new U.S. Tax Obligor accedes as a Borrower; or 

  

	 	(iv)	where a Borrower is not a U.S. Tax Obligor, the date of a request from the Agent, 

 supply to
the Agent: 
  

	 	(A)	a withholding certificate on Form W-8, Form W-9 or any other relevant form; or 

  

	 	(B)	any withholding statement or other document, authorisation or waiver as the Agent may require to certify or establish the status of such Lender under FATCA or that other law or regulation. 

 

	 	(f)	The Agent shall provide any withholding certificate, withholding statement, document, authorisation or waiver it receives from a Lender pursuant to paragraph (e) above to the relevant Borrower. 

  
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	 	(g)	If any withholding certificate, withholding statement, document, authorisation or waiver provided to the Agent by a Lender pursuant to paragraph (e) above is or becomes materially inaccurate or incomplete, that
Lender shall promptly update it and provide such updated withholding certificate, withholding statement, document, authorisation or waiver to the Agent unless it is unlawful for the Lender to do so (in which case the Lender shall promptly notify the
Agent). The Agent shall provide any such updated withholding certificate, withholding statement, document, authorisation or waiver to the relevant Borrower. 

  

	 	(h)	The Agent may rely on any withholding certificate, withholding statement, document, authorisation or waiver it receives from a Lender pursuant to paragraph (e) or (g) above without further verification. The
Agent shall not be liable for any action taken by it under or in connection with paragraph (e), (f) or (g) above. 

  

	21.10	FATCA Deduction 

  

	 	(a)	Each Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no Party shall be required to increase any payment in respect of which it
makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. 

  

	 	(b)	Each Party shall promptly, upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of such FATCA Deduction), notify the Party to whom it is making the payment and,
in addition, shall notify the Company and the Agent and the Agent shall notify the other Finance Parties. 

  

	22.	INCREASED COSTS 

  

	22.1	Increased costs 

  

	 	(a)	Subject to Clause 22.3 (Exceptions) the Company shall, within 5 Business Days of a demand by the Agent, pay for the account of a Finance Party the amount of any Increased Costs incurred by that Finance Party or
any of its Affiliates as a result of: 

  

	 	(i)	the introduction of or any change in (or in the interpretation, administration or application of) any law or regulation after the date of this Agreement; 

 

	 	(ii)	compliance with any law or regulation made after the date of this Agreement; or 

  

	 	(iii)	the implementation or application of, or compliance with, Basel III or CRD IV any law or regulation that implements or applies Basel III or CRD IV. 

 

	 	(b)	In this Agreement: 

  
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	 	(i)	“Increased Costs” means: 

  

	 	(A)	a reduction in the rate of return from the Facility or on a Finance Party’s (or its Affiliate’s) overall capital; 

  

	 	(B)	an additional or increased cost; or 

  

	 	(C)	a reduction of any amount due and payable under any Finance Document, 

 which is incurred or
suffered by a Finance Party or any of its Affiliates to the extent that it is attributable to that Finance Party having entered into its Commitment or funding or performing its obligations under any Finance Document or Letter of Credit; 

 

	 	(ii)	“Basel III” means: 

  

	 	(A)	the agreements on capital requirements, a leverage ratio and liquidity standards contained in “Basel III: A global regulatory framework for more resilient banks and banking systems”, “Basel III:
International framework for liquidity risk measurement, standards and monitoring” and “Guidance for national authorities operating the countercyclical capital buffer” published by the Basel Committee on Banking Supervision in December
2010, each as amended, supplemented or restated; 

  

	 	(B)	the rules for global systemically important banks contained in “Global systemically important banks: assessment methodology and the additional loss absorbency requirement – Rules text” published by the
Basel Committee on Banking Supervision in November 2011, as amended, supplemented or restated; and 

  

	 	(C)	any further guidance or standards published by the Basel Committee on Banking Supervision relating to “Basel III”; and 

  

	 	(iii)	“CRD IV” means: 

  

	 	(A)	Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms; and 

 

	 	(B)	Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms,
amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC. 

  

	22.2	Increased cost claims 

  

	 	(a)	A Finance Party intending to make a claim pursuant to Clause 22.1 (Increased costs) shall notify the Agent of the event giving rise to the claim, following which the Agent shall promptly notify the
Company. 

  
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	 	(b)	Each Finance Party shall, as soon as practicable after a demand by the Agent, provide a certificate confirming the amount of its Increased Costs. 

 

	22.3	Exceptions 

  

	 	(a)	Clause 22.1 (Increased costs) does not apply to the extent any Increased Cost is: 

  

	 	(i)	attributable to a Tax Deduction required by law to be made by an Obligor; 

  

	 	(ii)	compensated for by Clause 21.3 (Tax indemnity) (or would have been compensated for under Clause 21.3 (Tax indemnity) but was not so compensated solely because any of the exclusions in paragraph
(b) of Clause 21.3 (Tax indemnity) applied); 

  

	 	(iii)	attributable to a FATCA Deduction required to be made by a Party; 

  

	 	(iv)	attributable to the wilful breach by the relevant Finance Party or its Affiliates of any law or regulation; or 

  

	 	(v)	attributable to the implementation or application of or compliance with the “International Convergence of Capital Measurement and Capital Standards, a Revised Framework” published by the Basel Committee on
Banking Supervision in June 2004 in the form existing on the date of this Agreement (but excluding any amendment arising out of Basel III or CRD IV) (“Basel II”) or any other law or regulation which implements Basel II
(whether such implementation, application or compliance is by a government, regulator, Finance Party or any of its Affiliates). 

  

	 	(b)	In this Clause 22.3, a reference to a “Tax Deduction” has the same meaning given to the term in Clause 21.1 (Definitions). 

 

	23.	OTHER INDEMNITIES 

  

	23.1	Currency indemnity 

  

	 	(a)	If any sum due from an Obligor under the Finance Documents (a “Sum”), or any order, judgment or award given or made in relation to a Sum, has to be converted from the currency (the “First
Currency”) in which that Sum is payable into another currency (the “Second Currency”) for the purpose of: 

 

	 	(i)	making or filing a claim or proof against that Obligor; 

  

	 	(ii)	obtaining or enforcing an order, judgment or award in relation to any litigation or arbitration proceedings, 

that Obligor shall as an independent obligation, within 3 Business Days of demand, indemnify each Finance Party to whom that Sum is due
against any cost, loss or liability arising out of or as a result of the conversion including any discrepancy between (A) the rate of exchange used to convert that Sum from the First Currency into the Second Currency and (B) the rate or
rates of exchange available to that person at the time of its receipt of that Sum. 

  
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	 	(b)	Unless otherwise required by law, each Obligor waives any right it may have in any jurisdiction to pay any amount under the Finance Documents in a currency or currency unit other than that in which it is expressed to be
payable. 

  

	23.2	Other indemnities 

 The Company shall (or shall procure that an Obligor will), within 3
Business Days of demand, indemnify each Finance Party against any cost, loss or liability incurred by that Finance Party as a result of: 
  

	 	(a)	the occurrence of any Event of Default; 

  

	 	(b)	a failure by an Obligor to pay any amount due under a Finance Document on its due date, including without limitation, any cost, loss or liability arising as a result of Clause 36 (Sharing among the Finance
Parties);  

  

	 	(c)	funding, or making arrangements to fund, its participation in a Utilisation requested by a Borrower in a Utilisation Request but not made by reason of the operation of any one or more of the provisions of this Agreement
(other than by reason of default or negligence by that Finance Party alone); 

  

	 	(d)	a Utilisation (or part of a Utilisation) not being prepaid in accordance with a notice of prepayment given by a Borrower or the Company; or 

 

	 	(e)	issuing or making arrangements to issue a Letter of Credit or Subsequent Letter of Credit requested by a Borrower in a Utilisation Request but not made by reason of the operation of any one or more of the provisions of
this Agreement (other than by reason of default or negligence by that Finance Party alone). 

  

	23.3	Indemnity to the Agent 

 The Company shall promptly indemnify the Agent against any cost,
loss or liability in an amount certified by it in reasonable detail incurred by the Agent (acting reasonably) as a result of: 
  

	 	(a)	investigating any event which it reasonably believes is a Default; 

  

	 	(b)	acting or relying on any notice, request or instruction which it reasonably believes to be genuine, correct and appropriately authorised; or 

 

	 	(c)	instructing lawyers, accountants, tax advisers, surveyors or other professional advisers or experts as permitted under this Agreement. 

  
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	24.	MITIGATION BY THE LENDERS 

  

	24.1	Mitigation 

  

	 	(a)	Each Finance Party shall, in consultation with the Company, take all reasonable steps to mitigate any circumstances which arise and which would result in any amount becoming payable under or pursuant to, or cancelled
pursuant to, any of Clause 16.1 (Illegality), Clause 21 (Tax Gross Up and Indemnities) or Clause 22 (Increased Costs) including (but not limited to) transferring its rights and obligations under the Finance Documents to another
Affiliate, Facility Office or Designated Entity. 

  

	 	(b)	Paragraph (a) above does not in any way limit the obligations of any Obligor under the Finance Documents. 

  

	24.2	Limitation of liability 

  

	 	(a)	The Company shall promptly indemnify each Finance Party for all costs and expenses reasonably incurred by that Finance Party in an amount certified by it in reasonable detail as a result of steps taken by it under
Clause 24.1 (Mitigation). 

  

	 	(b)	A Finance Party is not obliged to take any steps under Clause 24.1 (Mitigation) if, in the opinion of that Finance Party (acting reasonably), to do so might be prejudicial to it. 

 

	25.	COSTS AND EXPENSES 

  

	25.1	Transaction expenses 

 The Company shall promptly on demand pay the Agent and the
Coordinator the amount of all costs and expenses (including legal fees) reasonably incurred by either of them in an amount certified by it in reasonable detail in connection with the negotiation, preparation, printing, execution and syndication of:

 (a) this Agreement and any other documents referred to in this Agreement; and 

(b) any other Finance Documents executed after the date of this Agreement, 

subject to a cap of USD15,000 (excluding legal fees). 
  

	25.2	Amendment costs 

 If (a) an Obligor requests an amendment, waiver or consent or
(b) an amendment is required pursuant to Clause 37.9 (Change of currency), the Company shall, within 3 Business Days of demand, reimburse the Agent for the amount of all costs and expenses (including legal fees) reasonably incurred by
the Agent in an amount certified by it in reasonable detail in responding to, evaluating, negotiating or complying with that request or requirement. 

  
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	25.3	Enforcement costs 

 The Company shall, within 3 Business Days of demand, pay to each
Finance Party the amount of all costs and expenses (including legal fees) incurred by it in an amount certified by it in reasonable detail in connection with the enforcement of, or the preservation of any rights under, any Finance Document. 

  
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 SECTION 7 

GUARANTEE 
  

	26.	GUARANTEE AND INDEMNITY  

  

	26.1	Guarantee and indemnity 

 Each Guarantor irrevocably and unconditionally jointly and
severally: 
  

	 	(a)	guarantees to each Finance Party punctual performance by each Borrower of all that Borrower’s obligations under the Finance Documents; 

 

	 	(b)	undertakes with each Finance Party that whenever a Borrower does not pay any amount when due under or in connection with any Finance Document, that Guarantor shall immediately on demand pay that amount as if it was the
principal obligor; and 

  

	 	(c)	agrees with each Finance Party that if any obligation guaranteed by it is or becomes unenforceable, invalid or illegal it will, as an independent and primary obligation, indemnify that Finance Party immediately on
demand against any cost, loss or liability it incurs as a result of a Borrower not paying any amount which would, but for such unenforceability, invalidity or illegality, have been payable by it under any Finance Document on the date when it would
have been due. The amount payable by a Guarantor under this indemnity will not exceed the amount it would have had to pay under this Clause 26 if the amount claimed had been recoverable on the basis of a guarantee. 

 

	26.2	Continuing guarantee 

 This guarantee is a continuing guarantee and will extend to the
ultimate balance of sums payable by any Borrower under the Finance Documents, regardless of any intermediate payment or discharge in whole or in part. 
  

	26.3	Reinstatement 

 If any discharge, release or arrangement (whether in respect of the
obligations of any Obligor or any security for those obligations or otherwise) is made by a Finance Party in whole or in part on the basis of any payment, security or other disposition which is avoided or must be restored in insolvency, liquidation,
administration or otherwise, without limitation, then the liability of each Guarantor under this Clause 26 will continue or be reinstated as if the discharge, release or arrangement had not occurred. 

 

	26.4	Waiver of defences 

 The obligations of each Guarantor under this Clause 26 will not be
affected by any act, omission, matter or thing which, but for this Clause 26.4, would reduce, release or prejudice any of its obligations under this Clause 26 (without limitation and whether or not known to it or any Finance Party) including: 

 

	 	(a)	any time, waiver or consent granted to, or composition with, any Obligor or other person; 

  
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	 	(b)	the release of any other Obligor or any other person under the terms of any composition or arrangement with any creditor of any member of the Group; 

 

	 	(c)	the taking, variation, compromise, exchange, renewal or release of, or refusal or neglect to perfect, take up or enforce, any rights against, or security over assets of, any Obligor or other person or any
non-presentation or non-observance of any formality or other requirement in respect of any instrument or any failure to realise the full value of any security; 

  

	 	(d)	any incapacity or lack of power, authority or legal personality of or dissolution or change in the members or status of an Obligor or any other person; 

 

	 	(e)	any amendment, novation, supplement, extension, restatement (however fundamental and whether or not more onerous) or replacement of any Finance Document or any other document or security including without limitation any
change in the purpose of, any extension of, or any increase in, any facility or the addition of any new facility under any Finance Document or other document or security; 

 

	 	(f)	any unenforceability, illegality or invalidity of any obligation of any person under any Finance Document or any other document or security; or 

 

	 	(g)	any insolvency or similar proceedings. 

  

	26.5	Immediate recourse 

 Each Guarantor waives any right it may have of first requiring any
Finance Party (or any trustee or agent on its behalf) to proceed against or enforce any other rights or security or claim payment from any person before claiming from that Guarantor under this Clause 26. This waiver applies irrespective of any law
or any provision of a Finance Document to the contrary. 
  

	26.6	Appropriations 

 Until all amounts which may be or become payable by the Obligors under
or in connection with the Finance Documents have been irrevocably paid in full, each Finance Party (or any trustee or agent on its behalf) may: 
  

	 	(a)	refrain from applying or enforcing any other moneys, security or rights held or received by that Finance Party (or any trustee or agent on its behalf) in respect of those amounts, or apply and enforce the same in such
manner and order as it sees fit (whether against those amounts or otherwise) and no Guarantor shall be entitled to the benefit of the same; and 

  

	 	(b)	hold in an interest-bearing suspense account any moneys received from any Guarantor or on account of any Guarantor’s liability under this Clause 26. 

 

	26.7	Deferral of Guarantors’ rights 

 Until all amounts which may be or become payable by
the Obligors under or in connection with the Finance Documents have been irrevocably paid in full and unless the Agent otherwise directs, no Guarantor will exercise any rights which it may have 

  
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by reason of performance by it of its obligations under the Finance Documents or by reason of any amount being payable, or liability arising, under this Clause 26: 

 

	 	(a)	to be indemnified by an Obligor; 

  

	 	(b)	to claim any contribution from any other guarantor of any Obligor’s obligations under the Finance Documents; 

  

	 	(c)	to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of any rights of the Finance Parties under the Finance Documents or of any other guarantee or security taken pursuant to, or in
connection with, the Finance Documents by any Finance Party; 

  

	 	(d)	to bring legal or other proceedings for an order requiring any Obligor to make any payment, or perform any obligation, in respect of which any Guarantor has given a guarantee, undertaking or indemnity under Clause 26.1
(Guarantee and indemnity); 

  

	 	(e)	to exercise any right of set-off against any Obligor; and/or 

  

	 	(f)	to claim or prove as a creditor of any Obligor in competition with any Finance Party. 

 If a
Guarantor receives any benefit, payment or distribution in relation to such rights it shall hold that benefit, payment or distribution to the extent necessary to enable all amounts which may be or become payable to the Finance Parties by the
Obligors under or in connection with the Finance Documents to be repaid in full on trust for the Finance Parties and shall promptly pay or transfer the same to the Agent or as the Agent may direct for application in accordance with Clause 37
(Payment Mechanics). 
  

	26.8	Release of Guarantors’ right of contribution 

 If any Guarantor (a “Retiring
Guarantor”) ceases to be a Guarantor in accordance with the terms of the Finance Documents for the purpose of any sale or other disposal of that Retiring Guarantor then on the date such Retiring Guarantor ceases to be a Guarantor: 

 

	 	(a)	that Retiring Guarantor is released by each other Guarantor from any liability (whether past, present or future and whether actual or contingent) to make a contribution to any other Guarantor arising by reason of the
performance by any other Guarantor of its obligations under the Finance Documents; and 

  

	 	(b)	each other Guarantor waives any rights it may have by reason of the performance of its obligations under the Finance Documents to take the benefit (in whole or in part and whether by way of subrogation or otherwise) of
any rights of the Finance Parties under any Finance Document or of any other security taken pursuant to, or in connection with, any Finance Document where such rights or security are granted by or in relation to the assets of the Retiring Guarantor.

  
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	26.9	Additional security 

 This guarantee is in addition to and is not in any way prejudiced
by any other guarantee or security now or subsequently held by any Finance Party. 
  

	26.10	Guarantee Limitation - Fraudulent Conveyance 

 Any term or provision of this Clause 26 or
any other term in this Agreement or any Finance Document notwithstanding, the maximum aggregate amount of the obligations for which any Guarantor shall be liable under this Agreement or any other Finance Document shall in no event exceed an amount
equal to the largest amount that would not render such Guarantor’s obligations under this Agreement subject to avoidance under applicable United States federal or state fraudulent transfer, fraudulent conveyance or similar laws. 

 

	26.11	Guarantee Limitation - Deemed Dividends 

 Any term or provision of this Clause 26 or any
other term in this Agreement or any Finance Document notwithstanding: 
  

	 	(a)	no member of the Group will have any obligation or liability, directly or indirectly, as guarantor or otherwise under this Agreement or any Finance Document with respect to any obligation or liability arising under any
Finance Document of any U.S. Borrower (the “U.S. Obligations”); and 

  

	 	(b)	not more than 65 per cent. of the stock or other equity interests (measured by the total combined voting power of the issued and outstanding voting stock or other equity interests) of, and none of the assets or
property of, any member of the Group may be pledged directly or indirectly as security for any U.S. Obligations, 

 in each
case to the extent such obligation, liability or pledge would cause or result in any “deemed dividend” to any U.S. Obligor pursuant to Section 956 of the Code; provided that this Clause shall not limit or reduce any obligation
or liability of any Borrower. 

  
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 SECTION 8 

REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT 
  

	27.	REPRESENTATIONS 

 Each Obligor makes the representations and warranties set out in this
Clause 27 to each Finance Party on the date of this Agreement. 
  

	27.1	Status 

  

	 	(a)	It is a corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporation. 

  

	 	(b)	It and each of its Subsidiaries has the power to own its assets and carry on its business as it is being conducted, except for defects in ownership, title or property the absence of which individually or in aggregate
would not reasonably be expected to have a Material Adverse Effect. 

  

	27.2	Binding obligations 

 The obligations expressed to be assumed by it in each Finance
Document are, subject to any general principles of law as at the date of this Agreement limiting its obligations, which are specifically referred to in any legal opinion delivered pursuant to Clause 4 (Conditions of Utilisation) or Clause 33
(Changes to the Obligors), legal, valid, binding and enforceable obligations. 
  

	27.3	Non-conflict with other obligations 

 The entry into and performance by it of, and the
transactions contemplated by, the Finance Documents do not and will not conflict with: 
  

	 	(a)	any law or regulation applicable to it; 

  

	 	(b)	its constitutional documents; or 

  

	 	(c)	any of its obligations under any agreement or instrument binding upon it or any of its assets, except for any conflicts which, individually or in aggregate, would not reasonably be expected to have a Material Adverse
Effect. 

  

	27.4	Power and authority 

 It has the power to enter into, perform and deliver, and has taken
all necessary action to authorise its entry into, performance and delivery of, the Finance Documents to which it is a party and the transactions contemplated by those Finance Documents. 

 

	27.5	Validity and admissibility in evidence 

 All Authorisations required: 

 

	 	(a)	to enable it lawfully to enter into, exercise its rights and comply with its obligations in the Finance Documents to which it is a party; and 

  
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	 	(b)	to make the Finance Documents to which it is a party admissible in evidence in its jurisdiction of incorporation, 

have been obtained or effected and are in full force and effect, except for those that may be required under paragraph (e)(iii) of Clause 1.2
(Construction). 
  

	27.6	Governing law and enforcement 

  

	 	(a)	The choice of English law as the governing law of the Finance Documents will be recognised and enforced in its jurisdiction of incorporation. 

 

	 	(b)	Any judgment obtained in England in relation to a Finance Document will be recognised and enforced in its jurisdiction of incorporation. 

 

	27.7	No filing or stamp taxes 

 Under the law of its jurisdiction of incorporation it is not
necessary that the Finance Documents be filed, recorded or enrolled with any court or other authority in that jurisdiction (other than as may be required under paragraph (e)(iii) of Clause 1.2 (Construction)) or that any stamp, registration
or similar tax be paid on or in relation to the Finance Documents (other than in relation to any transfer of any Lender’s rights or obligations thereunder) or the transactions contemplated by the Finance Documents, save for a Belgian
documentary duty of EUR 0.15 to be paid in respect of each original copy of this Agreement if executed in Belgium and for Belgian documentary and registration duties in respect of any Belgian security document. 

 

	27.8	No default 

  

	 	(a)	No Event of Default is continuing or might reasonably be expected to result from the making of any Utilisation. 

  

	 	(b)	No other event or circumstance is outstanding which constitutes a default under any other agreement or instrument which is binding on it or any of its Subsidiaries or to which its (or any of its Subsidiaries’)
assets are subject which might have a Material Adverse Effect. 

  

	27.9	No misleading information 

  

	 	(a)	Any factual information provided by it for the purposes of the Debtdomain Information was true and accurate in all material respects as at the date it was provided or as at the date (if any) at which it is stated.

  

	 	(b)	Nothing has occurred or been omitted from the Debtdomain Information and no information has been given or withheld that results in the information contained in the Debtdomain Information being untrue or misleading in
any material respect. 

  

	 	(c)	All written information (other than the Debtdomain Information) supplied by it is true, complete and accurate in all material respects as at the date it was given and is not misleading in any material respect.

  
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	27.10	Financial statements 

  

	 	(a)	In the case of the Company, its audited financial statements most recently delivered to the Agent under paragraph (a) of Clause 28.1 (Financial statements) were prepared in accordance with U.S. GAAP
consistently applied. 

  

	 	(b)	In the case of each Obligor other than the Company, its audited financial statements most recently delivered to the Agent under paragraph (c) of Clause 28.1 (Financial statements) were prepared in accordance
with applicable GAAP consistently applied. 

  

	 	(c)	Its audited financial statements most recently delivered to the Agent under paragraph (a) of Clause 28.1 (Financial statements) fairly represent its financial condition and operations during the relevant
financial year period as at the date to which they were drawn up. 

  

	27.11	Pari passu ranking 

 Its payment obligations under the Finance Documents rank at least
pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally. 

 

	27.12	No proceedings pending or threatened 

 No litigation, arbitration or administrative
proceedings of or before any court, arbitral body or agency which, if adversely determined, might reasonably be expected to have a Material Adverse Effect has (to the best of its knowledge and belief) been started or threatened against it or any of
its Subsidiaries (or against its directors or the directors of any of its Subsidiaries) other than as disclosed on Form 10-K, Form 10-Q or Form 8-K. 
  

	27.13	Environmental compliance 

 Each of it and its Subsidiaries has performed and observed in
all material respects all Environmental Law, Environmental Permits and all other material covenants, conditions, restrictions or agreements directly or indirectly concerned with any contamination, pollution or waste or the release or discharge of
any toxic or hazardous substance in connection with any real property which is or was at any time owned, leased or occupied by it or any of its Subsidiaries or on which it or any of its Subsidiaries has conducted any activity where failure to do so
might reasonably be expected to have a Material Adverse Effect. 
  

	27.14	Environmental Claims 

 No Environmental Claim (other than as disclosed on Form 10-K, Form
10-Q or Form 8-K) has been commenced or (to the best of its knowledge and belief) is threatened against it or any of its Subsidiaries where that claim would be reasonably likely to have a Material Adverse Effect. 

  
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	27.15	Material Adverse Effect 

 No event or series of events (other than as disclosed on Form
10-K, Form 10-Q or Form 8-K) has occurred in relation to itself and its Subsidiaries and no circumstance has arisen in relation to itself and its Subsidiaries which has had a Material Adverse Effect since the date of its Original Financial
Statements. 
  

	27.16	Financial Indebtedness and Security 

 Save as disclosed to the Lenders prior to the date
of this Agreement, no Security or Quasi-Security exists over all or any of its present or future assets or the present or future assets of any of its Subsidiaries other than as permitted by this Agreement, and neither it nor any of its Subsidiaries
has any Indebtedness outstanding other than as permitted by this Agreement. 
  

	27.17	Sanctions and anti-corruption 

  

	 	(a)	Neither it nor any of its Subsidiaries, nor any directors, officers or employees of it or any of its Subsidiaries, has engaged in any activity or conduct which would violate any applicable anti-corruption laws or
regulations in any applicable jurisdiction and each member of the Group has instituted and maintains policies and procedures designed to prevent violation of such laws and regulations. 

 

	 	(b)	Neither it nor any of its Subsidiaries, nor any directors, officers or employees of it or any of its Subsidiaries: 

  

	 	(i)	is a Restricted Party or is engaging in or has engaged in any transaction or conduct that could result in it becoming a Restricted Party; 

 

	 	(ii)	is or ever has been subject to any claim, proceeding, formal notice or investigation with respect to Sanctions; 

  

	 	(iii)	is engaging or has engaged in any transaction that evades or avoids, or has the purpose of evading or avoiding, or breaches or attempts to breach, directly or indirectly, any Sanctions; or 

 

	 	(iv)	has engaged or is engaging, directly or indirectly, in any trade, business or other activities with or for the benefit of any Restricted Party, or which is in breach of any Sanctions. 

 

	 	(c)	In relation to each Lender that notifies the Agent to this effect (each a “Restricted Lender”), this Clause 27.17 shall only apply for the benefit of that Restricted Lender to the extent that it would
not result in: 

  

	 	(i)	any violation of, conflict with or liability under EU Regulation (EC) 2271/96; or 

  

	 	(ii)	a violation or conflict with section 7 of the German foreign trade rules (AWV) (Außenwirtschaftsverordnung) (in connection with section 4 paragraph 1 no 3 of the German foreign trade law (AWG)
(Außenwirtschaftsgesetz)) or a similar anti-boycott statute. 

  
 - 96 - 

 In connection with any amendment, waiver, determination or direction relating to any part of
this Clause 27.17 of which a Restricted Lender does not have the benefit, the Commitments of that Restricted Lender will be excluded for the purpose of determining whether the consent of the Majority Lenders has been obtained or whether the
determination or direction by the Majority Lenders has been made. 
  

	27.18	ERISA and Multiemployer Plans 

  

	 	(a)	No ERISA Event has occurred, is continuing, or is reasonably likely to occur with respect to which it or any ERISA Affiliate has or is reasonably likely to incur any liability. 

 

	 	(b)	Each Employee Plan is in compliance in form and operation with ERISA and the Code and all other applicable laws and regulations save where any failure to comply would not reasonably be expected to have a Material
Adverse Effect. 

  

	 	(c)	Each Employee Plan which is intended to be qualified under Section 401(a) of the Code has been determined by the IRS to be so qualified or is in the process of being submitted to the IRS for approval or will be so
submitted during the applicable remedial amendment period, and, nothing has occurred since the date of such determination that would adversely affect such determination (or, in the case of an Employee Plan with no determination, nothing has occurred
that would materially adversely affect such qualification). 

  

	 	(d)	There exists no Unfunded Pension Liability with respect to any Employee Plan, except as would not have a Material Adverse Effect. 

  

	 	(e)	Neither it nor any ERISA Affiliate has incurred a complete or partial withdrawal from any Multiemployer Plan, and if each of the Obligors and each ERISA Affiliate were to withdraw in a complete withdrawal as of the date
hereof, the aggregate withdrawal liability that would be incurred would not reasonably be expected to have a Material Adverse Effect. 

  

	 	(f)	There are no actions, suits or claims pending against or involving an Employee Plan (other than routine claims for benefits) or, to the knowledge of it or any ERISA Affiliate, threatened, which would reasonably be
expected to be asserted successfully against any Employee Plan and, if so asserted successfully, would reasonably be expected either singly or in the aggregate to have a Material Adverse Effect. 

 

	 	(g)	It and each ERISA Affiliate has made all material contributions to or under each such Employee Plan it is required by law to make within the applicable time limits prescribed thereby, the terms of such Employee Plan, or
any contract or agreement requiring contributions to an Employee Plan, except where any failure to comply would not reasonably be expected to have a Material Adverse Effect. 

  
 - 97 - 

	 	(h)	Neither it nor any ERISA Affiliate has ceased operations at a facility so as to become subject to the provisions of Section 4068(a) of ERISA, withdrawn as a substantial employer so as to become subject to the
provisions of Section 4063 of ERISA or ceased making contributions to any Employee Plan subject to Section 4064(a) of ERISA to which it made contributions. 

 

	 	(i)	To the knowledge of it and each ERISA Affiliate, no Multiemployer Plan is or is reasonably likely to become insolvent or is in reorganization for purposes of Title IV of ERISA, except where any such insolvency or
reorganization would not reasonably be expected to have a Material Adverse Effect. 

  

	27.19	Federal Reserve Regulations 

  

	 	(a)	It is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying Margin Stock or extending credit for the purpose of purchasing or carrying Margin
Stock. 

  

	 	(b)	None of the proceeds of the Loans or other extensions of credit under this Agreement will be used, directly or indirectly, for any purpose which entails a violation of Regulations T, U and X of the Board of Governors of
the Federal Reserve System of the United States of America, and the Company represents that not more than 25% of the value of the assets of the Company and the Subsidiaries consists of Margin Stock. 

 

	27.20	Investment companies 

 Neither it, nor a person controlling it or any of its Subsidiaries
is or is required to be registered as an “investment company” under the U.S. Investment Company Act of 1940 (the “1940 Act”). 
  

	27.21	No Belgian financial assistance 

 The proceeds of the Facilities have not been and will
not be used to finance or refinance the acquisition of or subscription for shares in any Belgian Obligor (save as authorised by Articles 329, 430 and 629 of the Belgian company law and for share buy-backs carried out in accordance with Belgian
company law). 
  

	27.22	No cluster bombs or anti-personnel mines 

 Neither it nor any of its Subsidiaries carries
out activities related to the manufacturing, use, repair, exhibition for sale, sale, import, export, stockpiling or transport of cluster bombs, sub-munitions, inert munitions or armour plating containing depleted or industrial uranium, or
anti-personnel mines. 
  

	27.23	No listed securities 

 In the case of a Belgian Obligor only, it has not issued listed
securities, nor is it a Subsidiary of a Belgian company that has issued listed securities. 
  

	27.24	Deduction of Tax 

  

	 	(a)	In the case of a U.S. Obligor, it is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document to a Lender which has complied with its obligations under
paragraph (a) of Clause 21.6 (Filings). 

  
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	 	(b)	In the case of an Obligor incorporated in Hong Kong, it is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document. 

 

	 	(c)	In the case of a Belgian Obligor, it is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document to a Belgian Qualifying Lender (assuming that any procedural
formalities falling within paragraph (b) of Clause 21.6 (Filings) have been completed). 

  

	27.25	Repetition 

 The Repeating Representations are deemed to be made by each Obligor (by
reference to the facts and circumstances then existing) on: 
  

	 	(a)	the date of each Utilisation Request and the first day of each Interest Period; and 

  

	 	(b)	in the case of an Additional Obligor, the day on which it becomes (or it is proposed that it becomes) an Additional Obligor. 

  

	28.	INFORMATION UNDERTAKINGS 

 The undertakings in this Clause 28 remain in force from the
date of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force. 
  

	28.1	Financial statements 

 The Company shall supply to the Agent in sufficient copies for all
the Lenders: 
  

	 	(a)	as soon as the same become available, but in any event within 15 days of each date the Company is required to file a report on Form 10-K for any financial year with the Securities and Exchange Commission, its audited
consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such financial year; 

  

	 	(b)	the audited financial statements of each Obligor as of the end of and for such financial year: 

  

	 	(i)	as soon as the same become available, but in any event within 180 days of the end of each financial year, in respect of each Obligor other than WABCO Asia Private Ltd. and WABCO Hong Kong Ltd; and 

 

	 	(ii)	as soon as the same become available, but in any event within 270 days of the end of each financial year, in respect of WABCO Asia Private Ltd. and WABCO Hong Kong Ltd; and 

  
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	 	(c)	as soon as the same become available, but in any event within 15 days of each date the Company is required to file a report on Form 10-Q for any quarter of its financial year with the Securities and Exchange Commission,
its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such quarter and the then elapsed portion of the financial year. 

 

	28.2	Compliance Certificate 

  

	 	(a)	The Company shall supply to the Agent, with each set of financial statements delivered pursuant to paragraph (a) or (c) of Clause 28.1 (Financial statements), a Compliance Certificate:

  

	 	(i)	setting out (in reasonable detail) computations as to compliance with Clause 29 (Financial Covenants) as at the date at which those financial statements were drawn up; and 

 

	 	(ii)	certifying as to whether a Default has occurred since the date of the most recent certificate delivered under this Clause 28.2 and, if a Default has occurred, specifying the details thereof and any action taken or
proposed to be taken with respect thereto. 

  

	 	(b)	Each Compliance Certificate shall be signed by a Financial Officer of the Company and, if required to be delivered with the annual financial statements delivered pursuant to paragraph (a) of Clause 28.1
(Financial statements), shall be certified by the Company’s auditors. 

  

	28.3	Requirements as to financial statements 

  

	 	(a)	Each set of financial statements delivered by the Company under Clause 28.1 (Financial statements) shall be certified by a Financial Officer of the relevant Obligor as giving (if audited) a true and fair view of,
or (if unaudited) fairly representing, the financial condition (consolidated or otherwise) as at the date to which those financial statements were drawn up. 

  

	 	(b)	The Company must notify the Agent of any material change to the manner in which its financial statements are prepared (including any change in the accounting principles, practices, policies or reference periods
applicable to such financial statements). 

  

	 	(c)	If requested by the Agent, the Company must supply to the Agent: 

  

	 	(i)	a description of any change notified under paragraph (b) above; and 

  

	 	(ii)	a reconciliation statement showing sufficient information: 

  

	 	(A)	to enable the Finance Parties to make a reasonable comparison between the financial position shown by the set of financial statements prepared on the changed basis and its most recent such financial statements delivered
to the Agent under this Agreement; and 

  
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	 	(B)	to test the financial covenants set out in Clause 29 (Financial Covenants) and to test compliance with the relevant percentages set out in the Consolidated Total Assets of the Company in paragraph (c)(ix) of
Clause 30.3 (Negative pledge), and paragraph (b)(vii) of Clause 30.4 (Disposals) as if the new set of financial statements had been prepared on the same basis as that used in the Original Financial Statements. 

 

	28.4	ERISA-related information 

 The Company shall supply to the Agent (in sufficient copies
for all the Lenders, if the Agent so requests): 
  

	 	(a)	promptly and in any event within 15 days after any Obligor or any ERISA Affiliate files a Schedule B (or such other schedule as contains actuarial information) to IRS Form 5500 in respect of an Employee Plan with
Unfunded Pension Liabilities, a copy of such IRS Form 5500 (including the Schedule SB); 

  

	 	(b)	promptly and in any event within 15 days after any Obligor or any ERISA Affiliate knows or has reason to know that any ERISA Event which, individually or when aggregated with any other ERISA Event, would reasonably be
expected to have a Material Adverse Effect has occurred, the written statement of the Chief Financial Officer of such Obligor or ERISA Affiliate, as applicable, describing such ERISA Event and the action, if any, which it proposes to take with
respect to such ERISA Event and a copy of any notice filed with the PBGC or the IRS pertaining to such ERISA Event; provided that, in the case of ERISA Events under paragraph (e) of the definition thereof, the 15-day period set forth
above shall be a ten-day period, and, in the case of ERISA Events under paragraph (b) of the definition thereof, in no event shall notice be given later than the occurrence of the ERISA Event; 

 

	 	(c)	promptly, and in any event within 15 days, after becoming aware that there has been (i) a material increase in Unfunded Pension Liabilities, taking into account only Employee Plans with positive Unfunded Pension
Liabilities; (ii) the existence of potential withdrawal liability under Section 4201 of ERISA, if each Obligor and its ERISA Affiliates were to completely or partially withdraw from all Multiemployer Plans; (iii) the adoption of, or
the commencement of contributions to, any Employee Plan subject to Section 412 of the Code by any Obligor or any ERISA Affiliate; or (iv) the adoption of any amendment to an Employee Plan subject to Section 412 of the Code which
results in a material increase in contribution obligations of any Obligor, a detailed written description thereof from the Chief Financial Officer of each affected Obligor or ERISA Affiliate, as applicable; and 

 

	 	(d)	 copies of (i) any documents described in Section 101(k)(1) of ERISA that an Obligor or any ERISA Affiliate may request with respect to any
Multiemployer Plan and (ii) any notices described in Section 101(l)(1) of ERISA that an Obligor or any ERISA Affiliate may request with respect to any Multiemployer Plan; provided that, the Obligor or the applicable ERISA Affiliate
shall promptly make a request for such documents or notices from the 

  
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administrator or sponsor of such Multiemployer Plan upon written request by the Agent (on behalf of any Lender) and in any event at least annually not later than the anniversary date of the date
hereof, and shall provide copies of such documents and notices promptly after receipt thereof. 

  

	28.5	Information: miscellaneous 

 The Company shall supply to the Agent (in sufficient copies
for all the Lenders, if the Agent so requests): 
  

	 	(a)	all documents despatched by the Company to its shareholders (or any class of them) or its creditors generally at the same time as they are dispatched; 

 

	 	(b)	promptly upon becoming aware of them, the details of any litigation, arbitration or administrative proceedings which are current, threatened or pending against any member of the Group (or against the directors of any
member of the Group) which if determined against such member of the Group (or against the directors of such member of the Group) would be likely to have a Material Adverse Effect; and 

 

	 	(c)	promptly, such further information regarding the financial condition, business and operations of any member of the Group as any Finance Party (through the Agent) may reasonably request. 

 

	28.6	Notification of default 

  

	 	(a)	Each Obligor shall notify the Agent of any Default (and the steps, if any, being taken to remedy it) promptly upon becoming aware of its occurrence (unless that Obligor is aware that a notification has already been
provided by another Obligor). 

  

	 	(b)	Promptly upon a request by the Agent, the Company shall supply to the Agent a certificate signed by a Financial Officer on its behalf certifying that no Default is continuing (or if a Default is continuing, specifying
the Default and the steps, if any, being taken to remedy it). 

  

	28.7	Use of websites 

  

	 	(a)	The Company may satisfy its obligation under this Agreement to deliver any information in relation to those Lenders ( the “Website Lenders”) who accept this method of communication by posting this
information onto an electronic website designated by the Company and the Agent (the “Designated Website”) if: 

  

	 	(i)	the Agent expressly agrees (after consultation with each of the Lenders) that it will accept communication of the information by this method; 

 

	 	(ii)	both the Company and the Agent are aware of the address of and any relevant password specifications for the Designated Website; and 

  

	 	(iii)	the information is in a format previously agreed between the Company and the Agent. 

  
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 If any Lender (a “Paper Form Lender”) does not agree to the delivery of
information electronically then the Agent shall notify the Company accordingly and the Company shall supply the information to the Agent (in sufficient copies for each Paper Form Lender) in paper form. In any event the Company shall supply the Agent
with at least one copy in paper form of any information required to be provided by it. 
  

	 	(b)	The Agent shall supply each Website Lender with the address of and any relevant password specifications for the Designated Website following designation of that website by the Company and the Agent. 

 

	 	(c)	The Company shall promptly upon becoming aware of its occurrence notify the Agent if: 

  

	 	(i)	the Designated Website cannot be accessed for a material period of time due to technical failure; 

  

	 	(ii)	the password specifications for the Designated Website change; 

  

	 	(iii)	any new information which is required to be provided under this Agreement is posted onto the Designated Website; 

  

	 	(iv)	any existing information which has been provided under this Agreement and posted onto the Designated Website is amended; or 

  

	 	(v)	the Company becomes aware that the Designated Website or any information posted onto the Designated Website is or has been infected by any electronic virus or similar software. 

If the Company notifies the Agent under paragraph (c)(i) or paragraph (c)(v) above, all information to be provided by the Company under this
Agreement after the date of that notice shall be supplied in paper form unless and until the Agent and each Website Lender is satisfied that the circumstances giving rise to the notification are no longer continuing. 

 

	 	(d)	Any Website Lender may request, through the Agent, one paper copy of any information required to be provided under this Agreement which is posted onto the Designated Website. The Company shall comply with any such
request within 10 Business Days. 

  

	28.8	“Know your customer” checks 

  

	 	(a)	If: 

  

	 	(i)	the introduction of or any change in (or in the interpretation, administration or application of) any law or regulation made after the date of this Agreement; 

 

	 	(ii)	any change in the status of an Obligor; or 

  
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	 	(iii)	a proposed assignment or transfer by a Lender of any of its rights and obligations under this Agreement to a party that is not a Lender prior to such assignment or transfer, 

obliges the Agent or any Lender (or, in the case of paragraph (iii) above, any prospective new Lender) to comply with “know your
customer” or similar identification procedures in circumstances where the necessary information is not already available to it, each Obligor shall promptly upon the request of the Agent or any Lender supply, or procure the supply of, such
documentation and other evidence as is reasonably requested by the Agent (for itself or on behalf of any Lender) or any Lender (for itself or, in the case of the event described in paragraph (iii) above, on behalf of any prospective new Lender)
in order for the Agent, such Lender or, in the case of the event described in paragraph (iii) above, any prospective new Lender to carry out and be satisfied it has complied with all necessary “know your customer” or other similar
checks under all applicable laws and regulations pursuant to the transactions contemplated in the Finance Documents. 
  

	 	(b)	Each Lender shall promptly upon the request of the Agent supply, or procure the supply of, such documentation and other evidence as is reasonably requested by the Agent (for itself) in order for the Agent to carry out
and be satisfied it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the transactions contemplated in the Finance Documents. 

 

	 	(c)	The Company shall, by not less than 10 Business Days’ prior written notice to the Agent, notify the Agent (which shall promptly notify the Lenders) of its intention to request that one of its Subsidiaries becomes
an Additional Obligor pursuant to Clause 33 (Changes to the Obligors). 

  

	 	(d)	Following the giving of any notice pursuant to paragraph (c) above, if the accession of such Additional Obligor obliges the Agent or any Lender to comply with “know your customer” or similar
identification procedures in circumstances where the necessary information is not already available to it, the Company shall promptly upon the request of the Agent or any Lender supply, or procure the supply of, such documentation and other evidence
as is reasonably requested by the Agent (for itself or on behalf of any Lender) or any Lender (for itself or on behalf of any prospective new Lender) in order for the Agent or such Lender or any prospective new Lender to carry out and be satisfied
it has complied with all necessary “know your customer” or other similar checks under all applicable laws and regulations pursuant to the accession of such Subsidiary to this Agreement as an Additional Obligor. 

 

	29.	FINANCIAL COVENANTS 

  

	29.1	Financial definitions 

 In this Clause 29: 

“Capital Lease” means, as applied to any person, any lease of any property (whether real, personal or mixed) by that person as
lessee which, in accordance with U.S. GAAP, is or should be accounted for as a capital lease on the balance sheet of that person. 

  
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 “Capital Lease Obligations” means the obligations of a person to pay rent or
other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as Capital Leases on a balance sheet of such
person under U.S. GAAP applied on a consistent basis and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalised amount thereof at such time determined in accordance with U.S. GAAP applied on a
consistent basis. 
 “Consolidated EBITDA” means, for any period, Consolidated Net Income for such period plus: 

 

	 	(a)	without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of: 

  

	 	(i)	Consolidated Net Interest Expense for such period; (ii) consolidated income tax expense for such period; 

  

	 	(iii)	all amounts attributable to depreciation and amortisation (including accelerated amortisation and amortisation of stock based compensation) for such period; 

 

	 	(iv)	any extraordinary or non-recurring charges for such period related to plant closings or other restructurings of operations or to the write-down of assets; 

 

	 	(v)	separation costs incurred in connection with the Spin-Off in an aggregate amount not to exceed USD75,000,000; 

  

	 	(vi)	fees and expenses incurred in connection with the negotiation and execution of the Finance Documents; and 

  

	 	(vii)	loss on sale of any plant and machinery, 

  

	 	(b)	and minus without duplication and to the extent not deducted in determining such Consolidated Net Income, extraordinary gains for such period, provided that for any period including a fiscal quarter during which
an acquisition or a divestiture was consummated outside of the ordinary course of business, Consolidated EBITDA and the components thereof shall be determined on a pro forma basis as if such acquisition or divestiture, as the case may be, had
occurred at the beginning of such period. 

 “Consolidated Net Income” means, with respect to any person, for
any period, the net income or loss of such person and its consolidated Subsidiaries for such period. 
 “Consolidated Net
Indebtedness” means, on any date, (a) Consolidated Total Debt minus (b) the amount of Unrestricted Cash and Cash Equivalents. 

  
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 “Consolidated Net Interest Expense” means, with respect to any person, for any
period for which such amount is being determined, (a) total interest expense (including that properly attributable to Capital Leases and amortisation of debt discount and debt issuance costs) of such person and its consolidated Subsidiaries,
including all capitalised interest, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financings and net costs under interest rate protection agreements (including amortisation
of discount) minus (b) total interest income of such person and its consolidated Subsidiaries all as determined on a consolidated basis in accordance with U.S. GAAP, and, to the extent Consolidated EBITDA for any period is determined on a
pro forma basis to reflect an acquisition or divestiture out of the ordinary course of business, Consolidated Net Interest Expense shall be calculated on a pro forma basis as if such acquisition or divestiture, as the case may be, had
occurred at the beginning of such period. 
 “Consolidated Total Debt” means, for any person, all Indebtedness of such
person and its consolidated Subsidiaries. 
 “Indebtedness” means, with respect to any person, without duplication: 

 

	 	(a)	all obligations of such person for money borrowed or raised (excluding all Securitisation Transactions that are accounted for as true sales of accounts receivable and not as liabilities on the consolidated balance
sheets of the Company, but including Securitisation Transactions accounted for as liabilities on the consolidated balance sheets of the Company); 

  

	 	(b)	all obligations of such person (other than accounts payable and other similar items arising in the ordinary course of business) for the deferred payment of the purchase price of property or services which would appear
as liabilities on a balance sheet of such person; 

  

	 	(c)	all Capital Lease Obligations of such person; 

  

	 	(d)	all guarantees by such person of obligations of others that otherwise constitute Indebtedness; and 

  

	 	(e)	all obligations (contingent or otherwise) of such person as an account party in respect of letters of credit issued to secure payment obligations that otherwise constitute Indebtedness. 

“Spin-Off” means the distribution on a pro rata basis to the shareholders of American Standard Companies Inc., a
Delaware corporation, in a tax-free transaction, on the terms described in the Form 10 filed by the Company with the Securities and Exchange Commission on 26 February 2007 and any amendments thereto, of all the issued and outstanding shares of
common stock of the Company. 
 “Unrestricted Cash and Cash Equivalents” means cash and cash equivalents and short-term
investments (including but not limited to marketable and non-marketable securities with a maturity of less than one year) that are not, or are not required under the terms of any agreement or arrangement to be: 

 

	 	(a)	pledged to, subject to a Lien in favour of, or held in one or more accounts under the control of one or more creditors of the Company or its Subsidiaries; or 

  
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	 	(b)	otherwise segregated from the general assets of the Company and its Subsidiaries, in one or more special accounts or otherwise, for the purpose of securing or providing a source of payment for Indebtedness or other
obligations that are or from time to time may be owed to one or more creditors of the Company or its Subsidiaries. Cash and cash equivalents held in ordinary deposit or securities accounts of the Company or its Subsidiaries and not subject to any
existing or contingent restrictions on transfer by the Company or its Subsidiaries shall be deemed to constitute Unrestricted Cash and Cash Equivalents notwithstanding any set-off rights created by law or by applicable account agreements in favour
of depositary institutions, 

 provided that each of Consolidated EBITDA, Consolidated Net Income, Consolidated Net
Indebtedness, Consolidated Net Interest Expense, Consolidated Total Debt and Indebtedness shall be determined on a consolidated basis in accordance with U.S. GAAP in force as at the Effective Date, irrespective of any subsequent updates or
amendments which may be introduced thereafter. 
  

	29.2	Financial condition 

  

	 	(a)	The Company shall ensure that the ratio of (i) Consolidated Net Indebtedness of the Company on the last day of each quarter of each of its financial years to (ii) Consolidated EBITDA of the Company for the
period of twelve months ending on such day does not exceed 3.00 to 1.00. 

  

	 	(b)	The Company shall ensure that the ratio of (i) Consolidated EBITDA of the Company to (ii) Consolidated Net Interest Expense of the Company, in each case for any period of twelve months ending on the last day
of each quarter of each of its financial years, is not less than 3.00 to 1.00. 

  

	 	(c)	The Company will not permit any of its Subsidiaries to incur Indebtedness (excluding the Indebtedness under this Agreement and the 2014 Agreement), (including any extensions, renewals and replacements of such
Indebtedness), preferred stock or other preferred equity of more than USD500,000,000 (the amount of any Indebtedness not denominated in the Base Currency to be converted into the Base Currency at the Agent’s Spot Rate of Exchange on the
relevant date) in aggregate, of which a principal amount of not more than USD150,000,000 (the amount of any Indebtedness not denominated in the Base Currency to be converted into the Base Currency at the Agent’s Spot Rate of Exchange on the
relevant date) in total shall be secured. 

  

	29.3	Financial testing 

 The financial covenants set out in Clause 29.2 (Financial
condition) shall be tested by reference to each of the financial statements and/or each Compliance Certificate delivered pursuant to Clause 28.2 (Compliance Certificate) and any reconciliation statement delivered pursuant to paragraph
(c)(ii) of Clause 28.3 (Requirements as to financial statements). 

  
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	30.	GENERAL UNDERTAKINGS 

 The undertakings in this Clause 30 remain in force from the date
of this Agreement for so long as any amount is outstanding under the Finance Documents or any Commitment is in force. 
  

	30.1	Authorisations 

 Each Obligor shall promptly: 

 

	 	(a)	obtain, comply with and do all that is necessary to maintain in full force and effect; and 

  

	 	(b)	supply certified copies to the Agent of, 

 any Authorisation required under any law or
regulation of its jurisdiction of incorporation to enable it to perform its obligations under the Finance Documents and to ensure the legality, validity, enforceability or admissibility in evidence in its jurisdiction of incorporation of any Finance
Document. 
  

	30.2	Compliance with laws 

 Each Obligor shall comply in all respects with all laws to which
it may be subject, if failure so to comply is reasonably likely to materially impair its ability to perform its obligations under the Finance Documents. 
  

	30.3	Negative pledge 

 In this Clause 30.3, “Quasi-Security” means an
arrangement or transaction described in paragraph (b) below. 
  

	 	(a)	No Obligor shall (and the Company shall ensure that no other member of the Group will) create or permit to subsist any Security over any of its assets. 

 

	 	(b)	No Obligor shall (and the Company shall ensure that no other member of the Group will): 

  

	 	(i)	sell, transfer or otherwise dispose of any of its assets on terms whereby they are or may be leased to or re-acquired by an Obligor or any other member of the Group; 

 

	 	(ii)	sell, transfer or otherwise dispose of any of its receivables on recourse terms; 

  

	 	(iii)	enter into any arrangement under which money or the benefit of a bank or other account may be applied, set-off or made subject to a combination of accounts; or 

  
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	 	(iv)	enter into any other preferential arrangement having a similar effect, in circumstances where the arrangement or transaction is entered into primarily as a method of raising Financial Indebtedness or of financing the
acquisition of an asset. 

  

	 	(c)	Paragraphs (a) and (b) above do not apply to any Security (or as the case may be) Quasi-Security, listed below: 

  

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

 

	 	(ii)	any payment or close out netting or set-off arrangement pursuant to any hedging transaction entered into by a member of the Group for the purpose of: 

 

	 	(A)	hedging any risk to which any member of the Group is exposed in its ordinary course of trading; or 

  

	 	(B)	its interest rate or currency management operations which are carried out in the ordinary course of trading and for non-speculative purposes only. 

excluding, in each case, any Security or Quasi-Security under a credit support arrangement in relation to a hedging transaction; 

 

	 	(iii)	any lien arising by operation of law and in the ordinary course of trading or by order of a court or tribunal (or by an agreement of similar effect); 

 

	 	(iv)	any Security or Quasi-Security over or affecting any asset acquired by a member of the Group after the date of this Agreement if: 

  

	 	(A)	the Security or Quasi-Security was not created in contemplation of the acquisition of that asset by a member of the Group; 

  

	 	(B)	the principal amount secured has not been increased in contemplation of, or since the acquisition of that asset by a member of the Group; and 

 

	 	(C)	the Security or Quasi-Security is removed or discharged within six months of the date of acquisition of such asset; 

  

	 	(v)	any Security or Quasi-Security over or affecting any asset acquired by a member of the Group after the date of this Agreement if: 

  

	 	(A)	the Security or Quasi-Security was created on any asset acquired after the date of this Agreement for the sole purpose of financing or re-financing that acquisition and securing a principal, capital or nominal amount
not exceeding the cost of that acquisition; and 

  
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	 	(B)	the Security or Quasi-Security is removed or discharged within six months of the date of acquisition of such asset; 

  

	 	(vi)	any Security or Quasi-Security over or affecting any asset of any company which becomes a member of the Group after the date of this Agreement, where the Security or Quasi-Security is created prior to the date on which
that company becomes a member of the Group, if: 

  

	 	(A)	the Security or Quasi-Security was not created in contemplation of the acquisition of that company; 

  

	 	(B)	the principal amount secured has not increased in contemplation of or since the acquisition of that company; and 

  

	 	(C)	the Security or Quasi-Security is removed or discharged within three months of that company becoming a member of the Group; 

  

	 	(vii)	any Security or Quasi-Security entered into pursuant to any Finance Document; 

  

	 	(viii)	any Security or Quasi-Security arising under any retention of title, hire purchase or conditional sale arrangement or arrangements having similar effect in respect of goods supplied to a member of the Group in the
ordinary course of trading and on the supplier’s standard or usual terms and not arising as a result of any default or omission by any member of the Group; or 

 

	 	(ix)	subject to paragraph (a) of Clause 29.2 (Financial condition), any Security or Quasi-Security securing Indebtedness the principal amount of which (when aggregated with the principal amount of any other
Indebtedness which has the benefit of Security or Quasi-Security given by any member of the Group other than any permitted under paragraphs (i) to (viii) above), when converted into the Base Currency, does not exceed an amount equal to
20 per cent. of the Consolidated Total Assets of the Company at the end of the immediately preceding financial year. 

  

	30.4	Disposals 

  

	 	(a)	No Obligor shall (and the Company shall ensure that no other member of the Group will), enter into a single transaction or a series of transactions (whether related or not) and whether voluntary or involuntary to sell,
lease, transfer or otherwise dispose of any asset (other than cash). 

  

	 	(b)	Paragraph (a) above does not apply to any sale, lease, transfer or other disposal: 

  

	 	(i)	made in the ordinary course of trading of the disposing entity; 

  

	 	(ii)	of assets in exchange for other assets comparable or superior as to type, value and quality; 

  
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	 	(iii)	on normal commercial terms of obsolete assets or assets no longer required for the purpose of the business or operations of the relevant member of the Group; 

 

	 	(iv)	assets sold pursuant to any Securitisation Transaction; 

  

	 	(v)	assets sold pursuant to an Intra-Group Reorganisation; 

  

	 	(vi)	by an Obligor to another Obligor, or by a non-Obligor which is a member of the Group to another non-Obligor which is a member of the Group; 

 

	 	(vii)	where the higher of the market value or consideration receivable (when aggregated with the higher of the market value or consideration receivable for any other sale, lease, transfer or other disposal by the Group, other
than any permitted under paragraphs (i) to (iv) above), when converted into the Base Currency, does not exceed an amount equal to 10 per cent. of the Consolidated Total Assets of the Company as at the end of the immediately preceding
financial year; or 

  

	 	(viii)	any disposal which the Majority Lenders shall have agreed shall not be taken into account. 

  

	30.5	Merger 

 No Obligor shall (and the Company shall ensure that no other member of the Group
will) enter into any amalgamation, demerger, merger or corporate reconstruction other than as part of an Intra-Group Reorganisation. 
  

	30.6	Change of business 

 The Company shall ensure that no substantial change is made to the
general nature of the business of the Company or the Group from that carried on at the date of this Agreement. 
  

	30.7	Environmental Compliance 

 Each Obligor shall (and the Company shall ensure that each
member of the Group will) comply in all material respects with all Environmental Law and obtain and maintain any Environmental Permits and take all reasonable steps in anticipation of known or expected future changes to or obligations under the same
where failure to do so might reasonably be expected to have a Material Adverse Effect. 
  

	30.8	Environmental Claims 

 The Company shall inform the Agent in writing as soon as
reasonably practicable upon becoming aware of: 
  

	 	(a)	any Environmental Claim that has been commenced or (to the best of its knowledge and belief) is threatened against any member of the Group; or 

  
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	 	(b)	any facts or circumstances which will or are reasonably likely to result in any Environmental Claim being commenced or threatened against any member of the Group, 

where the claim would be reasonably likely, if determined against that member of the Group, to have a Material Adverse Effect. 

 

	30.9	Compliance with ERISA 

 No Obligor shall: 

 

	 	(a)	allow, or permit any of its ERISA Affiliates to allow, (i) any Employee Plan with respect to which any Obligor or any of its ERISA Affiliates may have any liability to terminate, (ii) any Obligor or ERISA
Affiliates to withdraw from any Employee Plan or Multiemployer Plan, (iii) any ERISA Event to occur with respect to any Employee Plan, or (iv) any Employee Plan to fail to satisfy the minimum funding standard (as defined in
Section 302 of ERISA and Section 412 of the Code), whether or not waived, to the extent that any of the events described in (i), (ii), (iii) or (iv), singly or in the aggregate, could have a Material Adverse Effect; 

 

	 	(b)	allow, or permit any of its ERISA Affiliates to allow, (i) the aggregate amount of Unfunded Pension Liability among all Employee Plans (taking into account only Employee Plans with positive Unfunded Pension
Liability) at any time to be in an amount that would reasonably be expected to have a Material Adverse Effect; or (ii) the aggregate potential withdrawal liability under Section 4201 of ERISA, if the Obligor and its ERISA Affiliates were
to completely or partially withdraw from all Multiemployer Plans, to be in an amount that would reasonably be expected to have a Material Adverse Effect; or 

  

	 	(c)	fail, or permit any of its ERISA Affiliates to fail, to comply in any material respect with ERISA or the related provisions of the Code, if any such non-compliance, singly or in the aggregate, would be reasonably likely
to have a Material Adverse Effect. 

  

	30.10	Federal Reserve Regulations 

 Each U.S. Borrower will use the Facilities without
violating Regulations T, U and X. 
  

	30.11	Compliance with U.S. Regulations 

 No Obligor shall (and the Company shall ensure that no
other member of the Group will) become an “investment company,” or an “affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company,” as such terms are defined in the
1940 Act. Neither the making of any Loan, or the application of the proceeds or repayment of any Loan by any Obligor nor the consummation of the other transactions contemplated by this Agreement will violate any provision of such act or any rule,
regulation or order of the SEC under the 1940 Act. 

  
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	30.12	Sanctions and anti-corruption 

  

	 	(a)	No Obligor shall (and the Company shall ensure that no other member of the Group will) directly or indirectly use the proceeds of the Revolving Facility for any purpose which would breach the Bribery Act 2010, the
United States Foreign Corrupt Practices Act of 1977 or other similar legislation in other jurisdictions. 

  

	 	(b)	Each Obligor shall (and the Company shall ensure that each other member of the Group will): 

  

	 	(i)	conduct its businesses in compliance with applicable anti-corruption laws and regulations; and 

  

	 	(ii)	maintain policies and procedures designed to promote and achieve compliance with such laws. 

  

	 	(c)	The Borrower shall comply with all Sanctions. 

  

	 	(d)	No Obligor shall (and the Company shall procure that no other member of the Group shall): 

  

	 	(i)	use, lend, contribute or otherwise make available all or any part of the proceeds of any Utilisation or other transaction contemplated by this Agreement directly or indirectly to any person; 

 

	 	(A)	for the purpose of financing or facilitating any trade, business or other activities involving, or for the benefit of, any Restricted Party, or in any Sanctioned Country; or 

 

	 	(B)	in any other manner that would result in any person, including but not limited to any Finance Party being in breach of any Sanctions or becoming a Restricted Party; 

 

	 	(ii)	engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or breaches or attempts to breach, directly or indirectly, any Sanctions; 

 

	 	(iii)	fund all or part of any payment in connection with a Finance Document out of proceeds derived from business or transactions with a Restricted Party, or from any action which is in breach of any Sanctions.

  

	 	(e)	Each member of the Group must ensure that appropriate controls and safeguards are in place designed to prevent any action being taken that would be contrary to paragraph (c) above. 

 

	 	(f)	In relation to each Lender that notifies the Agent to this effect (each a “Restricted Lender”), this Clause 30.12 shall only apply for the benefit of that Restricted Lender to the extent that it would
not result in: 

  

	 	(i)	any violation of, conflict with or liability under EU Regulation (EC) 2271/96; or 

  
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	 	(ii)	a violation or conflict with section 7 of the German foreign trade rules (AWV) (Außenwirtschaftsverordnung) (in connection with section 4 paragraph 1 no 3 of the German foreign trade law (AWG)
(Außenwirtschaftsgesetz)) or a similar anti-boycott statute. 

 In connection with any amendment, waiver,
determination or direction relating to any part of this Clause 30.12 of which a Restricted Lender does not have the benefit, the Commitments of that Restricted Lender will be excluded for the purpose of determining whether the consent of the
Majority Lenders has been obtained or whether the determination or direction by the Majority Lenders has been made. 
  

	31.	EVENTS OF DEFAULT 

 Each of the events or circumstances set out in this Clause 31 is an
Event of Default (save as for Clause 31.15 (Acceleration)). 
  

	31.1	Non-payment 

 An Obligor does not pay on the due date any amount payable pursuant to a
Finance Document at the place at and in the currency in which it is expressed to be payable unless its failure to pay is caused by administrative or technical error or a Disruption Event and payment is made within 3 Business Days of its due date.

  

	31.2	Financial covenants 

 Any of the financial covenants set out in Clause 29 (Financial
Covenants) is not satisfied. 
  

	31.3	Other obligations 

  

	 	(a)	An Obligor does not comply with any provision of the Finance Documents (other than those referred to in Clause 31.1 (Non-payment) and Clause 29 (Financial Covenants)). 

 

	 	(b)	No Event of Default under paragraph (a) above will occur if the failure to comply is capable of remedy and is remedied within 30 days of the earlier of (A) the Agent giving notice to the Company and
(B) the Company becoming aware of the failure to comply. 

  

	31.4	Misrepresentation 

 Any representation or statement made or deemed to be made by an
Obligor in the Finance Documents or any other document delivered by or on behalf of any Obligor under or in connection with any Finance Document is or proves to have been incorrect or misleading in any material respect when made or deemed to be
made. 

  
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	31.5	Cross default 

  

	 	(a)	Any Financial Indebtedness of any Obligor or Material Company is not paid when due nor within any originally applicable grace period. 

 

	 	(b)	Any Financial Indebtedness of any Obligor or Material Company is declared to be or otherwise becomes due and payable prior to its specified maturity as a result of an event of default (however described).

  

	 	(c)	Any commitment for any Financial Indebtedness of any Obligor or Material Company is cancelled or suspended by a creditor of any Obligor or Material Company as a result of an event of default (however described).

  

	 	(d)	Any creditor of any Obligor or Material Company becomes entitled to declare any Financial Indebtedness of any Obligor or Material Company due and payable prior to its specified maturity as a result of an event of
default (however described). 

  

	 	(e)	No Event of Default will occur under this Clause 31.5 if, at any one time, the aggregate amount of Financial Indebtedness or commitment for Financial Indebtedness falling within paragraphs (a) to (d) above is
less than USD75,000,000 (the amount of any Financial Indebtedness not denominated in the Base Currency to be converted into the Base Currency at the Agent’s Spot Rate of Exchange on the relevant date). 

 

	31.6	Insolvency 

  

	 	(a)	An Obligor or Material Company is unable or admits inability to pay its debts as they fall due, suspends making payments on any of its debts or, by reason of actual or anticipated financial difficulties, commences
negotiations with one or more of its creditors with a view to rescheduling any of its indebtedness. 

  

	 	(b)	The value of the assets of any Obligor or Material Company is less than its liabilities (taking into account contingent and prospective liabilities). 

 

	 	(c)	A moratorium is declared in respect of any indebtedness of any Obligor or Material Company. 

  

	31.7	Insolvency proceedings 

 Any corporate action, legal proceedings or other procedure or
step is taken in relation to: 
  

	 	(a)	the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration, judicial management or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any
Obligor or Material Company other than a solvent liquidation or reorganisation of any Material Company; 

  

	 	(b)	a composition, compromise, assignment or arrangement with any creditor of any Obligor or Material Company; 

  
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	 	(c)	the appointment of a liquidator (other than in respect of a solvent liquidation of a Material Company), receiver, trustee or custodian (other than in the normal course of business of any Obligor or Material Company),
sequestrator, conservator, administrative receiver, administrator, judicial manager, compulsory manager or other similar officer in respect of any Obligor or Material Company or any of its assets; or 

 

	 	(d)	enforcement of any Security over any assets of any Obligor or Material Company. 

 This Clause
31.7 shall not apply to (i) any winding-up petition which is frivolous or vexatious and is discharged, stayed or dismissed within 30 days of commencement or (ii) a voluntary solvent winding-up, amalgamation, reconstruction or
reorganisation or otherwise part of a solvent scheme of arrangement, in each case which is on terms approved by the Majority Lenders. 
  

	31.8	Declared company 

 Any Obligor incorporated in Singapore is declared by the Singapore
Minister of Finance to be a company to which Part IX of the Companies Act, Chapter 50 of Singapore applies. 
  

	31.9	Creditors’ process 

 Any expropriation, attachment, sequestration, distress or
execution affects any asset or assets of a member of the Group having an aggregate value of more than USD75,000,000 (any amount not denominated in the Base Currency to be converted into the Base Currency at the Agent’s Spot Rate of Exchange on
the relevant date). 
  

	31.10	Ownership of the Obligors 

 The percentage of shares held by the Company in any Obligor
decreases below the percentage of shares in such Obligor held by it on the date of this Agreement or the date such Obligor accedes to this Agreement, other than pursuant to an Intra-Group Reorganisation. 

 

	31.11	Unlawfulness 

 It is or becomes unlawful for an Obligor to perform any of its obligations
under the Finance Documents. 
  

	31.12	Repudiation 

 An Obligor repudiates a Finance Document or evidences an intention to
repudiate a Finance Document. 
  

	31.13	Employee Plans 

 Any ERISA Event shall have occurred, or Clause 30.9 (Compliance with
ERISA) shall be breached, and the liability of an Obligor or its ERISA Affiliates, either individually or in the aggregate, related to such ERISA Event or breaches, individually or when aggregated with all other ERISA Events, and all such
breaches would have or would be reasonably expected to have a Material Adverse Effect. 

  
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	31.14	Cessation of business 

 The Group suspends or ceases to carry on (or threatens to suspend
or cease to carry on) all or a material part of its business. 
  

	31.15	Acceleration 

 On and at any time after the occurrence of an Event of Default, the Agent
may, and shall if so directed by the Majority Lenders, by notice to the Company: 
  

	 	(a)	cancel the Total Commitments, at which time they shall immediately be cancelled; 

  

	 	(b)	declare that all or part of the Utilisations, together with accrued interest, and all other amounts accrued or outstanding under the Finance Documents be immediately due and payable, at which time they shall become
immediately due and payable; 

  

	 	(c)	declare that all or part of the Utilisations be payable on demand, at which time they shall immediately become payable on demand by the Agent on the instructions of the Majority Lenders; 

 

	 	(d)	declare that full cash cover in respect of each Letter of Credit is immediately due and payable whereupon it shall become immediately due and payable; and/or 

 

	 	(e)	declare that full cash cover in respect of each Letter of Credit is payable on demand, whereupon it shall become immediately payable on demand by the Agent on the instructions of the Majority Lenders, 

but, notwithstanding the foregoing, upon the occurrence of an Event of Default specified in Clause 31.7 (Insolvency proceedings), the
Revolving Facility shall be cancelled and all Utilisations, together with accrued interest, cash cover in respect of each Letter of Credit and all other amounts accrued and outstanding under the Finance Documents shall become immediately due and
payable in each case without declaration, notice or demand by or to any person, all of which are expressly waived. 

  
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 SECTION 9 

CHANGES TO PARTIES 
  

	32.	CHANGES TO THE LENDERS 

  

	32.1	Assignments and transfers by the Lenders 

 Subject to this Clause 32, a Lender (the
“Existing Lender”) may: 
  

	 	(a)	assign any of its rights; or 

  

	 	(b)	transfer by novation any of its rights and obligations, 

 to another bank or financial
institution or to a trust, fund or other entity which is regularly engaged in or established for the purpose of making, purchasing or investing in loans, securities or other financial assets (the “New Lender”) provided that
(unless such assignment or transfer is to an Affiliate of the Existing Lender or an Event of Default is continuing) such assignment or transfer is of a minimum amount of USD5,000,000 or, if less, the total amount of such Lender’s Commitment
or as the Company and the Agent may agree. 
  

	32.2	Conditions of assignment or transfer 

  

	 	(a)	The consent of the Company is required for an assignment or transfer by an Existing Lender, unless an Event of Default is continuing or, provided that 5 days’ prior written notice has been given to the
Company, the assignment or transfer is to another Lender or to an Affiliate of a Lender. 

  

	 	(b)	The consent of the Company to an assignment or transfer must not be unreasonably withheld or delayed. The Company will be deemed to have given its consent 5 Business Days after the Existing Lender has requested it in
writing unless consent is expressly refused by the Company within that time. 

  

	 	(c)	The consent of the Issuing Bank, each Swingline Lender and each Swingline Agent is required for a transfer by an Existing Lender of any of its rights and/or obligations under the Facility unless the New Lender:

  

	 	(i)	has a long-term senior unsecured rating with either S&P or Moody’s of BBB+/Baa1 or better: or 

  

	 	(ii)	in the case of the Issuing Bank consent, such New Lender deposits in a collateral account (held in the name of the relevant New Lender but under the sole dominion and control of the Issuing Bank) cash in an amount equal
to such New Lender’s L/C Proportion in any Letter of Credit as collateral for its obligations to the Issuing Bank or the Issuing Bank’s Designated Entity (as applicable), over which security, in a form reasonably acceptable to the Issuing
Bank, has been granted. 

  

	 	(d)	An assignment will only be effective on: 

  

	 	(i)	 receipt by the Agent (whether in the Assignment Agreement or otherwise) of written confirmation from the New Lender (in form and

  
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substance satisfactory to the Agent) that the New Lender will assume the same obligations to the other Finance Parties as it would have been under if it was an Original Lender; and

  

	 	(ii)	performance by the Agent of all necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to such assignment to a New Lender, the completion of which
the Agent shall promptly notify to the Existing Lender and the New Lender. 

  

	 	(e)	A transfer will only be effective if the procedure set out in Clause 32.5 (Procedure for transfer) is complied with. 

  

	 	(f)	If: 

  

	 	(i)	a Lender assigns or transfers any of its rights or obligations under the Finance Documents or changes its Facility Office; and 

  

	 	(ii)	as a result of circumstances existing at the date the assignment, transfer or change occurs, an Obligor would be obliged to make a payment to the New Lender or Lender acting through its new Facility Office under Clause
21 (Tax Gross Up and Indemnities) or Clause 22 (Increased Costs), 

 then the New Lender or Lender acting
through its new Facility Office is only entitled to receive payment under those Clauses to the same extent as the Existing Lender or Lender acting through its previous Facility Office would have been if the assignment, transfer or change had not
occurred. 
  

	 	(g)	Each New Lender, by executing the relevant Transfer Certificate or Assignment Agreement, confirms, for the avoidance of doubt, that the Agent has authority to execute on its behalf any amendment or waiver that has been
approved by or on behalf of the requisite Lender or Lenders in accordance with this Agreement on or prior to the date on which the transfer or assignment becomes effective in accordance with this Agreement and that it is bound by that decision to
the same extent as the Existing Lender would have been had it remained a Lender. 

  

	32.3	Assignment or transfer fee 

  

	 	(a)	The New Lender shall, on the date upon which an assignment or transfer takes effect, pay to the Agent (for its own account) a fee of USD 3,000. 

 

	 	(b)	No costs or fees shall be due or payable by the Company or any Obligor in relation to any assignment or transfer by an Existing Lender pursuant to this Clause 32. 

 

	32.4	Limitation of responsibility of Existing Lenders 

  

	 	(a)	Unless expressly agreed to the contrary, an Existing Lender makes no representation or warranty and assumes no responsibility to a New Lender for: 

 

	 	(i)	the legality, validity, effectiveness, adequacy or enforceability of the Finance Documents or any other documents; 

  

	 	(ii)	the financial condition of any Obligor; 

  
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	 	(iii)	the performance and observance by any Obligor of its obligations under the Finance Documents or any other documents; or 

  

	 	(iv)	the accuracy of any statements (whether written or oral) made in or in connection with any Finance Document or any other document, 

and any representations or warranties implied by law are excluded. 
  

	 	(b)	Each New Lender confirms to the Existing Lender and the other Finance Parties that it: 

  

	 	(i)	has made (and shall continue to make) its own independent investigation and assessment of the financial condition and affairs of each Obligor and its related entities in connection with its participation in this
Agreement and has not relied exclusively on any information provided to it by the Existing Lender in connection with any Finance Document; and 

  

	 	(ii)	will continue to make its own independent appraisal of the creditworthiness of each Obligor and its related entities whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in force.

  

	 	(c)	Nothing in any Finance Document obliges an Existing Lender to: 

  

	 	(i)	accept a re-transfer or re-assignment from a New Lender of any of the rights and obligations assigned or transferred under this Clause 32; or 

 

	 	(ii)	support any losses directly or indirectly incurred by the New Lender by reason of the non-performance by any Obligor of its obligations under the Finance Documents or otherwise. 

 

	32.5	Procedure for transfer 

  

	 	(a)	Subject to the conditions set out in Clause 32.2 (Conditions of assignment or transfer) a transfer is effected in accordance with paragraph (c) below when the Agent executes an otherwise duly completed
Transfer Certificate delivered to it by the Existing Lender and the New Lender and the Agent makes a corresponding entry in the Register pursuant to Clause 32.7 (The Register). The Agent shall, subject to paragraph (b) below, as soon as
reasonably practicable after receipt by it of a duly completed Transfer Certificate appearing on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Transfer Certificate and
make such corresponding entry in the Register. 

  
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	 	(b)	The Agent shall only be obliged to execute a Transfer Certificate delivered to it by the Existing Lender and the New Lender and make a corresponding entry in the Register once it is satisfied it has complied with all
necessary “know your customer” or other similar checks under all applicable laws and regulations in relation to the transfer to such New Lender. 

  

	 	(c)	Subject to Clause 32.10 (Pro rata interest settlement), on the Transfer Date: 

  

	 	(i)	to the extent that in the Transfer Certificate the Existing Lender seeks to transfer by novation its rights and obligations under the Finance Documents each of the Obligors and the Existing Lender shall be released from
further obligations towards one another under the Finance Documents and their respective rights against one another under the Finance Documents shall be cancelled (being the “Discharged Rights and Obligations”); 

 

	 	(ii)	each of the Obligors and the New Lender shall assume obligations towards one another and/or acquire rights against one another which differ from the Discharged Rights and Obligations only insofar as that Obligor and the
New Lender have assumed and/or acquired the same in place of that Obligor and the Existing Lender; 

  

	 	(iii)	the Agent, the Arranger, the New Lender, the Issuing Bank, the Swingline Lenders, the Swingline Agents and the other Lenders shall acquire the same rights and assume the same obligations between themselves as they would
have acquired and assumed had the New Lender been an Original Lender with the rights and/or obligations acquired or assumed by it as a result of the transfer and to that extent the Agent, the Arranger, the Issuing Bank, the Swingline Lenders, the
Swingline Agents and the Existing Lender shall each be released from further obligations to each other under the Finance Documents; 

  

	 	(iv)	the benefit of each security document granted under or in connection with the Finance Documents in favour of the Existing Lender shall be maintained in favour of the New Lender; and 

 

	 	(v)	the New Lender shall become a Party as a “Lender”. 

  

	32.6	Procedure for assignment 

  

	 	(a)	Subject to the conditions set out in Clause 32.2 (Conditions of assignment or transfer) an assignment may be effected in accordance with paragraph (c) below when the Agent executes an otherwise duly
completed Assignment Agreement delivered to it by the Existing Lender and the New Lender. The Agent shall, subject to paragraph (b) below, as soon as reasonably practicable after receipt by it of a duly completed Assignment Agreement appearing
on its face to comply with the terms of this Agreement and delivered in accordance with the terms of this Agreement, execute that Assignment Agreement. 

  

	 	(b)	The Agent shall only be obliged to execute an Assignment Agreement delivered to it by the Existing Lender and the New Lender once it is satisfied it has complied with all necessary “know your customer” or
other similar checks under all applicable laws and regulations in relation to the assignment to such New Lender. 

  
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	 	(c)	Subject to Clause 32.10 (Pro rata interest settlement), on the Transfer Date: 

  

	 	(i)	the Existing Lender will assign absolutely to the New Lender the rights under the Finance Documents expressed to be the subject of the assignment in the Assignment Agreement; 

 

	 	(ii)	the Existing Lender will be released by each Obligor and the other Finance Parties from the obligations owed by it (the “Relevant Obligations”) and expressed to be the subject of the release in the
Assignment Agreement; and 

  

	 	(iii)	the New Lender shall become a Party as a “Lender” and will be bound by obligations equivalent to the Relevant Obligations. 

 

	 	(d)	Lenders may utilise procedures other than those set out in this Clause 32.6 to assign their rights under the Finance Documents (but not, without the consent of the relevant Obligor or unless in accordance with Clause
32.5 (Procedure for transfer), to obtain a release by that Obligor from the obligations owed to that Obligor by the Lenders nor the assumption of equivalent obligations by a New Lender) provided that they comply with the conditions set out in
Clause 32.2 (Conditions of assignment or transfer). 

  

	 	(e)	The Parties acknowledge that, in the absence of express provision, security passes together with an assignment (Art. 1692 of the Belgian Civil Code), but not together with a novation (Art. 1278 of the Belgian Civil
Code). 

  

	32.7	The Register 

 The Agent, acting solely for this purpose as an agent of the Obligors,
shall maintain at one of its offices a copy of each Transfer Certificate delivered to it and a register (the “Register”) for the recordation of the names and addresses of each Lender and the Commitments of and obligations owing to
each Lender. No transfer of an interest in a Commitment hereunder shall be effective unless and until recorded in the Register. The entries in the Register shall be conclusive absent manifest error and each Obligor, the Agent and each Lender shall
treat each person whose name is recorded in the Register as a Lender notwithstanding any notice to the contrary. 
  

	32.8	Copy documents to Company 

 The Agent shall, as soon as reasonably practicable after it
has executed a Transfer Certificate, an Assignment Agreement, a Designated Entity Accession Letter, an Increase Confirmation Notice or a Further Lender Accession Letter send to the Company a copy of that Transfer Certificate, Assignment Agreement,
Increase Confirmation Notice or Further Lender Accession Letter. 
  

	32.9	Security over Lenders’ rights 

 In addition to the other rights provided to Lenders
under this Clause 32.9, each Lender may without consulting with or obtaining consent from any Obligor at any time 

  
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charge, assign or otherwise create Security in or over (whether by way of collateral or otherwise) all or any of its rights under any Finance Document to secure obligations of that Lender
including, without limitation: 
  

	 	(a)	any charge, assignment or other Security to secure obligations to a federal reserve or central bank; and 

  

	 	(b)	in the case of any Lender which is a fund, any charge, assignment or other Security granted to any holders (or trustee or representatives of holders) of obligations owed, or securities issued, by that Lender as Security
for those obligations or securities, 

 except that no such charge, assignment or Security shall: 

 

	 	(i)	release a Lender from any of its obligations under the Finance Documents or substitute the beneficiary of the relevant charge, assignment or Security for the Lender as a party to any of the Finance Documents; or

  

	 	(ii)	require any payments to be made by an Obligor or grant to any person any more extensive rights than those required to be made or granted to the relevant Lender under the Finance Documents. 

 

	32.10	Pro rata interest settlement 

 If the Agent has notified the Lenders that it is able to
distribute interest payments on a “pro rata basis” to Existing Lenders and New Lenders then (in respect of any transfer pursuant to Clause 32.5 (Procedure for transfer) or any assignment pursuant to Clause 32.6 (Procedure
for assignment) the Transfer Date of which, in each case, is after the date of such notification and is not on the last day of an Interest Period): 
  

	 	(a)	any interest or fees in respect of the relevant participation which are expressed to accrue by reference to the lapse of time shall continue to accrue in favour of the Existing Lender up to but excluding the Transfer
Date (“Accrued Amounts”) and shall become due and payable to the Existing Lender (without further interest accruing on them) on the last day of the current Interest Period (or, if the Interest Period is longer than six Months, on
the next of the dates which falls at six Monthly intervals after the first day of that Interest Period); and 

  

	 	(b)	the rights assigned or transferred by the Existing Lender will not include the right to the Accrued Amounts, so that, for the avoidance of doubt: 

 

	 	(i)	when the Accrued Amounts become payable, those Accrued Amounts will be payable to the Existing Lender; and 

  

	 	(ii)	the amount payable to the New Lender on that date will be the amount which would, but for the application of this Clause 32.10, have been payable to it on that date, but after deduction of the Accrued Amounts.

  
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	32.11	Designated Entities 

  

	 	(a)	Any Lender, Issuing Bank, the Dollar Swingline Lender or the Euro Swingline Lender (a “Related Lender”) may designate an Affiliate (a “Designated Entity”) in order to participate in or
fund Loan(s) to or issue Letters of Credit on behalf of Borrowers incorporated in a particular jurisdiction or jurisdictions (“Designated Jurisdictions”) on its behalf. 

 

	 	(b)	An Affiliate of a Lender may become a Designated Entity by: 

  

	 	(i)	appearing in the list of Designated Entities in Schedule 15 (Designated Entities) of this Agreement and signing this Agreement as a Designated Entity; or 

 

	 	(ii)	acceding as a Designated Entity by delivering a Designated Entity Accession Letter duly executed by that Affiliate and its Related Lender. 

An accession referred to in paragraph (b)(ii) above shall become effective when the Agent executes such Designated Entity Accession Letter.
The Agent shall, subject to paragraph (c) below, as soon as reasonably practicable after receipt by it of a duly completed Designated Entity Accession Letter appearing on its face to comply with the terms of this Agreement and delivered in
accordance with the terms of this Agreement, execute that Designated Entity Accession Letter. 
  

	 	(c)	The Agent shall only be obliged to execute a Designated Entity Accession Letter delivered to it by a proposed Designated Entity and its Related Lender once it is satisfied it has complied with all necessary “know
your customer” or other similar checks under all applicable laws and regulations in relation to such proposed Designated Entity. 

  

	 	(d)	A Designated Entity does not have any Commitment and does not have any obligations under this Agreement prior to such Designated Entity participating in a Loan or issuing a Letter of Credit. 

 

	 	(e)	The relevant Related Lender shall provide the Agent with 5 Business Days’ written notice if it requires a Designated Entity to participate in or fund Loan(s) to or issue Letters of Credit on behalf of Borrowers
incorporated in a Designated Jurisdiction, specifying the Base Currency Amount of the Designated Entity’s participation in the relevant Loan(s) and the Agent shall inform the Company of that Designated Entity’s participation on the day of
receipt of such notice. 

  

	 	(f)	On the date a Designated Entity participates in or funds a Loan or issues a Letter of Credit, subject to paragraph (g) below: 

  

	 	(i)	such Designated Entity shall become a Party as a Lender or an Issuing Bank (as applicable) and such Designated Entity and each of the other Finance Parties shall assume the same obligations towards one another and
acquire the same rights against one another as that Designated Entity and those Finance Parties would have assumed and/or acquired had the Designated Entity been an Original Lender or the existing Issuing Bank; and 

  
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	 	(ii)	the Obligors and such Designated Entity shall assume the same obligations towards one another and acquire the same rights against one another as the Obligors and that Designated Entity would have assumed and/or acquired
had the Designated Entity been an Original Lender or the existing Issuing Bank. 

  

	 	(g)	For the purposes only of voting in connection with any Finance Document, the participation of a Designated Entity in any outstanding Utilisations shall be deemed to be a participation of the Related Lender.

  

	 	(h)	A Related Lender will: 

  

	 	(i)	so long as the relevant Designated Entity is able to do so, procure that, subject to the terms of this Agreement, that Designated Entity participates in or funds Loan(s) to or issues Letters of Credit on behalf of
Borrower(s) in its Designated Jurisdiction; and 

  

	 	(ii)	subject to the terms of this Agreement, assume the obligations of the relevant Designated Entity if that Designated Entity becomes a Non- Acceptable L/C Lender or a Defaulting Lender. 

 

	 	(i)	Any notice or communication to be made to a Designated Entity shall be served directly on the Designated Entity at the address supplied to the Agent by the Related Lender or the Designated Entity with a copy to the
Related Lender in accordance with this Agreement. 

  

	 	(j)	A Designated Entity may assign or transfer any of its rights and obligations under this Agreement in respect of its participation in any Utilisation (and the Related Lender may assign or transfer any corresponding
Commitment) in accordance with this Clause 32. 

  

	33.	CHANGES TO THE OBLIGORS 

  

	33.1	Assignments and transfers by Obligors 

 No Obligor may assign any of its rights or
transfer any of its rights or obligations under the Finance Documents. 
  

	33.2	Additional Borrowers 

  

	 	(a)	Subject to compliance with the provisions of paragraphs (c) and (d) of Clause 28.8 (“Know your customer” checks), the Company may request that any of its Subsidiaries becomes an Additional
Borrower. That Subsidiary shall become an Additional Borrower if: 

  

	 	(i)	all the Lenders approve the addition of that Subsidiary responding within a reasonable timeframe; 

  
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	 	(ii)	the Company delivers to the Agent a duly completed and executed Accession Letter; 

  

	 	(iii)	the Company confirms that no Default is continuing or would occur as a result of that Subsidiary becoming an Additional Borrower; and 

 

	 	(iv)	the Agent has received all of the documents and other evidence listed in Part II of Schedule 2 (Conditions Precedent) in relation to that Additional Borrower, each in form and substance reasonably satisfactory to
the Agent. 

  

	 	(b)	The Agent shall notify the Company and the Lenders promptly upon being satisfied that it has received (in form and substance reasonably satisfactory to it) all the documents and other evidence listed in Part II of
Schedule 2 (Conditions Precedent). 

  

	 	(c)	Other than to the extent that the Majority Lenders notify the Agent in writing to the contrary before the Agent gives the notification described in paragraph (b) above, the Lenders authorise (but do not require)
the Agent to give that notification. The Agent shall not be liable for any damages, costs or losses whatsoever as a result of giving any such notification. 

  

	33.3	Resignation of a Borrower 

  

	 	(a)	The Company may request that a Borrower (other than the Company) ceases to be a Borrower by delivering to the Agent a Resignation Letter. 

 

	 	(b)	The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if: 

  

	 	(i)	no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); and 

 

	 	(ii)	the Borrower is under no actual or contingent obligations as a Borrower under any Finance Documents, 

at which time that company shall cease to be a Borrower and shall have no further rights or obligations under the Finance Documents. 

 

	33.4	Additional Guarantors 

  

	 	(a)	Subject to compliance with the provisions of paragraphs (c) and (d) of Clause 28.8 (“Know your customer” checks), the Company may request that any of its Subsidiaries become an Additional
Guarantor. That Subsidiary shall become an Additional Guarantor if: 

  

	 	(i)	the Company delivers to the Agent a duly completed and executed Accession Letter; and 

  

	 	(ii)	the Agent has received all of the documents and other evidence listed in Part II of Schedule 2 (Conditions Precedent) in relation to that Additional Guarantor, each in form and substance reasonably satisfactory
to the Agent. 

  
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	 	(b)	The Agent shall notify the Company and the Lenders promptly upon being satisfied that it has received (in form and substance reasonably satisfactory to it) all the documents and other evidence listed in Part II of
Schedule 2 (Conditions Precedent). 

  

	 	(c)	Other than to the extent that the Majority Lenders notify the Agent in writing to the contrary before the Agent gives the notification described in paragraph (b) above, the Lenders authorise (but do not require)
the Agent to give that notification. The Agent shall not be liable for any damages, costs or losses whatsoever as a result of giving any such notification. 

  

	33.5	Repetition of representations 

 Delivery of an Accession Letter constitutes confirmation
by the relevant Subsidiary that the Repeating Representations are true and correct in relation to it as at the date of delivery as if made by reference to the facts and circumstances then existing. 

 

	33.6	Resignation of a Guarantor 

  

	 	(a)	The Company may request that a Guarantor (other than the Company) ceases to be a Guarantor by delivering to the Agent a Resignation Letter. 

 

	 	(b)	The Agent shall accept a Resignation Letter and notify the Company and the Lenders of its acceptance if: 

  

	 	(i)	no Default is continuing or would result from the acceptance of the Resignation Letter (and the Company has confirmed this is the case); 

 

	 	(ii)	all the Lenders have consented to the Company’s request; and 

  

	 	(iii)	where the Guarantor is also a Borrower, it is under no actual or contingent obligations as a Borrower and has resigned and ceased to be a Borrower under Clause 33.3 (Resignation of a Borrower), 

at which time that company shall cease to be a Guarantor and shall have no further rights or obligations under the Finance Documents. 

  
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 SECTION 10 

THE FINANCE PARTIES 
  

	34.	ROLE OF THE AGENT AND THE ARRANGER 

  

	34.1	Appointment of the Agent 

  

	 	(a)	Each other Finance Party appoints the Agent to act as its agent under and in connection with the Finance Documents. 

  

	 	(b)	Each other Finance Party authorises the Agent to perform the duties, obligations and responsibilities and to exercise the rights, powers, authorities and discretions specifically given to the Agent under or in
connection with the Finance Documents together with any other incidental rights, powers, authorities and discretions. 

  

	34.2	Instructions 

  

	 	(a)	The Agent shall: 

  

	 	(i)	unless a contrary indication appears in a Finance Document, exercise or refrain from exercising any right, power, authority or discretion vested in it as Agent in accordance with any instructions given to it by:

  

	 	(A)	all Lenders if the relevant Finance Document stipulates the matter is an all Lender decision; and 

  

	 	(B)	in all other cases, the Majority Lenders; and 

  

	 	(ii)	not be liable for any act (or omission) if it acts (or refrains from acting) in accordance with paragraph (i) above. 

  

	 	(b)	The Agent shall be entitled to request instructions, or clarification of any instruction, from the Majority Lenders (or, if the relevant Finance Document stipulates the matter is a decision for any other Lender or group
of Lenders, from that Lender or group of Lenders) as to whether, and in what manner, it should exercise or refrain from exercising any right, power, authority or discretion. The Agent may refrain from acting unless and until it receives any such
instructions or clarification that it has requested. 

  

	 	(c)	Save in the case of decisions stipulated to be a matter for any other Lender or group of Lenders under the relevant Finance Document and unless a contrary indication appears in a Finance Document, any instructions given
to the Agent by the Majority Lenders shall override any conflicting instructions given by any other Parties and will be binding on all Finance Parties. 

  

	 	(d)	The Agent may refrain from acting in accordance with any instructions of any Lender or group of Lenders until it has received any indemnification and/or security that it may in its discretion require (which may be
greater in extent than that contained in the Finance Documents and which may include payment in advance) for any cost, loss or liability which it may incur in complying with those instructions. 

  
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	 	(e)	In the absence of instructions, the Agent may act (or refrain from acting) as it considers to be in the best interest of the Lenders. 

 

	 	(f)	The Agent is not authorised to act on behalf of a Lender (without first obtaining that Lender’s consent) in any legal or arbitration proceedings relating to any Finance Document. 

 

	34.3	Information requests 

 Subject to any confidentiality obligations or conflicting duties,
the Agent shall, on the request of the Company, promptly provide information on any instructions, clarifications, indemnities or any other such requests that the Agent has sought from the Lenders, including details of any deadline that the Agent has
stipulated for the Lenders to respond to such requests and the number of such responses the Agent has received as at the date of the Company’s request. 
  

	34.4	Duties of the Agent 

  

	 	(a)	The Agent’s duties under the Finance Documents are solely mechanical and administrative in nature. 

  

	 	(b)	Subject to paragraph (c) below, the Agent shall promptly forward to a Party the original or a copy of any document which is delivered to the Agent for that Party by any other Party. 

 

	 	(c)	Without prejudice to Clause 32.8 (Copy documents to Company), paragraph (a) above shall not apply to any Transfer Certificate or to any Assignment Agreement. 

 

	 	(d)	Except where a Finance Document specifically provides otherwise, the Agent is not obliged to review or check the adequacy, accuracy or completeness of any document it forwards to another Party. 

 

	 	(e)	If the Agent receives notice from a Party referring to this Agreement, describing a Default and stating that the circumstance described is a Default, it shall promptly notify the other Finance Parties.

  

	 	(f)	If the Agent is aware of the non-payment of any principal, interest, commitment fee or other fee payable to a Finance Party (other than the Agent or the Arranger or the Coordinator) under this Agreement, it shall
promptly notify the other Finance Parties. 

  

	 	(g)	The Agent shall only have those duties, obligations and responsibilities expressly specified in the Finance Documents to which it is expressed to be a party (and no others shall be implied). 

 

	34.5	Role of the Arranger and Coordinator 

 Except as specifically provided in the Finance
Documents, neither the Arranger nor the Coordinator has no obligations of any kind to any other Party under or in connection with any Finance Document. 

  
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	34.6	No fiduciary duties 

  

	 	(a)	Nothing in any Finance Document constitutes the Agent, the Arranger, the Issuing Bank, any Swingline Agent or the Coordinator as a trustee or fiduciary of any other person. 

 

	 	(b)	None of the Agent, the Arranger, the Issuing Bank, a Swingline Agent, a Swingline Lender or the Coordinator shall be bound to account to any Lender for any sum or the profit element of any sum received by it for its own
account. 

  

	34.7	Business with the Group 

 The Agent, the Arranger and the Coordinator may accept deposits
from, lend money to and generally engage in any kind of banking or other business with any member of the Group. 
  

	34.8	Rights and discretions 

  

	 	(a)	The Agent, the Issuing Bank and the Swingline Agents may: 

  

	 	(i)	rely on any representation, communication, notice or document believed by it to be genuine, correct and appropriately authorised; 

  

	 	(ii)	assume that: 

  

	 	(A)	any instructions received by it from the Majority Lenders, any Lenders or any group of Lenders are duly given in accordance with the terms of the Finance Documents; and 

 

	 	(B)	unless it has received notice of revocation, that those instructions have not been revoked; and 

  

	 	(iii)	rely on a certificate from any person: 

  

	 	(A)	as to any matter of fact or circumstance which might reasonably be expected to be within the knowledge of that person; or 

  

	 	(B)	to the effect that such person approves of any particular dealing, transaction, step, action or thing, 

as sufficient evidence that that is the case and, in the case of paragraph (A) above, may assume the truth and accuracy of that
certificate. 
  

	 	(b)	The Agent may assume (unless it has received notice to the contrary in its capacity as agent for the Lenders) that: 

  

	 	(i)	each Finance Party has rights pursuant to Clause 27.17 (Sanctions and anti-corruption) and Clause 30.12 (Sanctions and anti-corruption) (including voting rights in respect of amendments or waivers relating
to Clause 27.17 (Sanctions and anti-corruption) and Clause 30.12 (Sanctions and anti-corruption)); 

  
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	 	(ii)	no Default has occurred (unless it has actual knowledge of a Default arising under Clause 31.1 (Non-payment)); 

  

	 	(iii)	any right, power, authority or discretion vested in any Party or any group of Lenders has not been exercised; and 

  

	 	(iv)	any notice or request made by the Company (other than a Utilisation Request) is made on behalf of and with the consent and knowledge of all the Obligors. 

 

	 	(c)	The Agent, the Issuing Bank and any Swingline Agent may engage and pay for the advice or services of any lawyers, accountants, tax advisers, surveyors or other professional advisers or experts. 

 

	 	(d)	Without prejudice to the generality of paragraph (c) above or paragraph (e) below, the Agent, the Issuing Bank or a Swingline Agent may at any time engage and pay for the services of any lawyers to act as
independent counsel to such Finance Party (and so separate from any lawyers instructed by the Lenders) if the Agent, Issuing Bank or a Swingline Agent in its reasonable opinion deems this to be necessary. 

 

	 	(e)	The Agent may rely on the advice or services of any lawyers, accountants, tax advisers, surveyors or other professional advisers or experts (whether obtained by the Agent or by any other Party) and shall not be liable
for any damages, costs or losses to any person, any diminution in value or any liability whatsoever arising as a result of its so relying. 

  

	 	(f)	The Agent, Issuing Bank and Swingline Agents may act in relation to the Finance Documents through its officers, employees and agents. 

 

	 	(g)	Unless a Finance Document expressly provides otherwise, the Agent and any Swingline Agent may disclose to any other Party any information it reasonably believes it has received as agent under this Agreement.

  

	 	(h)	Notwithstanding any other provision of any Finance Document to the contrary, none of the Agent, the Arranger, the Issuing Bank, any Swingline Agent or the Coordinator is obliged to do or omit to do anything if it would,
or might in its reasonable opinion, constitute a breach of any law or regulation or a breach of a fiduciary duty or duty of confidentiality. 

  

	 	(i)	Notwithstanding any provision of any Finance Document to the contrary, none of the Agent, the Issuing Bank or any Swingline Agent is obliged to expend or risk its own funds or otherwise incur any financial liability in
the performance of its duties, obligations or responsibilities or the exercise of any right, power, authority or discretion if it has grounds for believing the repayment of such funds or adequate indemnity against, or security for, such risk or
liability is not reasonably assured to it. 

  
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	 	(j)	The Agent may refrain, without liability, from doing anything that would or might in its opinion be contrary to any law of any state or jurisdiction (including but not limited to the U.S. or any jurisdiction forming a
part of it and England and Wales) or any directive or regulation of any agency of any such state or jurisdiction and may, without liability, do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

  

	34.9	Responsibility for documentation 

 None of the Agent, the Arranger, the Issuing Bank, any
Swingline Agent, any Swingline Lender or the Coordinator is responsible or liable for: 
  

	 	(a)	the adequacy, accuracy or completeness of any information (whether oral or written) provided by the Agent, the Arranger, the Issuing Bank, any Swingline Agent, any Swingline Lender, the Coordinator, an Obligor or any
other person in connection with any Finance Document, the Debtdomain Information or the transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in
connection with any Finance Document; 

  

	 	(b)	the legality, validity, effectiveness, adequacy or enforceability of any Finance Document or any other agreement, arrangement or document entered into, made or executed in anticipation of or in connection with any
Finance Document; or 

  

	 	(c)	any determination as to whether any information provided or to be provided to any Finance Party is non-public information the use of which may be regulated or prohibited by applicable law or regulation relating to
insider dealing or otherwise. 

  

	34.10	No duty to monitor 

 None of the Agent, the Issuing Bank or any Swingline Agent shall not
be bound to enquire: 
  

	 	(a)	whether or not any Default has occurred; 

  

	 	(b)	as to the performance, default or any breach by any Party of its obligations under any Finance Document; or 

  

	 	(c)	whether any other event specified in any Finance Document has occurred. 

  

	34.11	Exclusion of liability 

  

	 	(a)	Without limiting paragraph (b) below (and without prejudice to any other provision of any Finance Document excluding or limiting the liability of the Agent, the Issuing Bank, any Swingline Agent or any Swingline
Lender), none of the Agent, the Issuing Bank, any Swingline Agent or any Swingline Lender will be liable for: 

  

	 	(i)	any damages, costs or losses to any person, any diminution in value, or any liability whatsoever arising as a result of taking or not taking any action under or in connection with any Finance Document, unless directly
caused by its gross negligence or wilful misconduct; 

  
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	 	(ii)	exercising, or not exercising, any right, power, authority or discretion given to it by, or in connection with, any Finance Document or any other agreement, arrangement or document entered into, made or executed in
anticipation of, under or in connection with, any Finance Document, other than by reason of its gross negligence or wilful misconduct; or 

  

	 	(iii)	without prejudice to the generality of paragraphs (i) and (ii) above, any damages, costs or losses to any person, any diminution in value or any liability whatsoever (including, without limitation, for
negligence or any other category of liability whatsoever but not including any claim based on the fraud of the Agent) arising as a result of: 

  

	 	(A)	any act, event or circumstance not reasonably within its control; or 

  

	 	(B)	the general risks of investment in, or the holding of assets in, any jurisdiction, 

 including
(in each case and without limitation) such damages, costs, losses, diminution in value or liability arising as a result of: nationalisation, expropriation or other governmental actions; any regulation, currency restriction, devaluation or
fluctuation; market conditions affecting the execution or settlement of transactions or the value of assets (including any Disruption Event); breakdown, failure or malfunction of any third party transport, telecommunications, computer services or
systems; natural disasters or acts of God; war, terrorism, insurrection or revolution; or strikes or industrial action. 
  

	 	(b)	No Party (other than the Agent, the Issuing Bank, a Swingline Agent or a Swingline Lender) may take any proceedings against any officer, employee or agent of the Agent, the Issuing Bank, a Swingline Agent or a Swingline
Lender in respect of any claim it might have against the Agent the Issuing Bank, a Swingline Agent or a Swingline Lender or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Document and any
officer, employee or agent of the Agent the Issuing Bank, a Swingline Agent or a Swingline Lender may rely on this Clause subject to Clause 1.4 (Third party rights) and the provisions of the Third Parties Act. 

 

	 	(c)	The Agent will not be liable for any delay (or any related consequences) in crediting an account with an amount required under the Finance Documents to be paid by the Agent if the Agent has taken all necessary steps as
soon as reasonably practicable to comply with the regulations or operating procedures of any recognised clearing or settlement system used by the Agent for that purpose. 

  
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	 	(d)	Nothing in this Agreement shall oblige the Agent, the Arranger or the Coordinator to carry out: 

  

	 	(i)	any “know your customer” or other checks in relation to any person; or 

  

	 	(ii)	any check on the extent to which any transaction contemplated by this Agreement might be unlawful for any Lender, 

on behalf of any Lender; and each Lender confirms to the Agent, the Arranger and the Coordinator that it is solely responsible for any such
checks it is required to carry out and that it may not rely on any statement in relation to such checks made by the Agent, the Arranger or the Coordinator. 
  

	 	(e)	Without prejudice to any provision of any Finance Document excluding or limiting the Agent’s liability, any liability of the Agent arising under or in connection with any Finance Document shall be limited to the
amount of actual loss which has been suffered (as determined by reference to the date of default of the Agent or, if later, the date on which the loss arises as a result of such default) but without reference to any special conditions or
circumstances known to the Agent at any time which increase the amount of that loss. In no event shall the Agent be liable for any loss of profits, goodwill, reputation, business opportunity or anticipated saving, or for special, punitive, indirect
or consequential damages, whether or not the Agent has been advised of the possibility of such loss or damages. 

  

	34.12	Lenders’ indemnity to the Agent 

 Each Lender shall (in proportion to its share of
the Total Commitments or, if the Total Commitments are then zero, to its share of the Total Commitments immediately prior to their reduction to zero) indemnify the Agent, within 3 Business Days of demand, against any cost, loss or liability
(including, without limitation, for negligence or any other category of liability whatsoever) incurred by the Agent (otherwise than by reason of the Agent’s gross negligence or wilful misconduct) (or, in the case of any cost, loss or liability
pursuant to Clause 37.10 (Disruption to payment systems etc.) notwithstanding the Agent’s negligence, gross negligence or any other category of liability whatsoever but not including any claim based on the fraud of the Agent) in acting
as Agent under the Finance Documents (unless the Agent has been reimbursed by an Obligor pursuant to a Finance Document). 
  

	34.13	Resignation of the Agent 

  

	 	(a)	The Agent may resign and appoint one of its Affiliates acting through an office in the United Kingdom as successor by giving notice to the other Finance Parties and the Company. 

 

	 	(b)	Alternatively the Agent may resign by giving 30 days’ notice to the other Finance Parties and the Company, in which case the Majority Lenders (after consultation with the Company) may appoint a successor Agent.

  

	 	(c)	If the Majority Lenders have not appointed a successor Agent in accordance with paragraph (b) above within 20 days after notice of resignation was given, the retiring Agent (after consultation with the Company) may
appoint a successor Agent (acting through an office in the United Kingdom). 

  
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	 	(d)	The retiring Agent shall, at its own cost, make available to the successor Agent such documents and records and provide such assistance as the successor Agent may reasonably request for the purposes of performing its
functions as Agent under the Finance Documents. 

  

	 	(e)	The Agent’s resignation notice shall only take effect upon the appointment of a successor. 

  

	 	(f)	Upon the appointment of a successor, the retiring Agent shall be discharged from any further obligation in respect of the Finance Documents but shall remain entitled to the benefit of Clause 23.3 (Indemnity to the
Agent) and this Clause 34 (and any agency fees for the account of the retiring Agent shall cease to accrue from (and shall be payable on) that date and any agency fees that have been paid in advance shall be repaid in proportion to the period of
effective appointment). Any successor and each of the other Parties shall have the same rights and obligations amongst themselves as they would have had if such successor had been an original Party. 

 

	 	(g)	After consultation with the Company, the Majority Lenders may, by notice to the Agent, require it to resign in accordance with paragraph (b) above. In this event, the Agent shall resign in accordance with paragraph
(b) above. 

  

	 	(h)	The Agent shall resign in accordance with paragraph (b) above (and, to the extent applicable. shall use reasonable endeavours to appoint a successor Agent pursuant to paragraph (c) above) if on or after the
date which is three months before the earliest FATCA Application Date relating to any payment to the Agent under the Finance Documents, either: 

  

	 	(i)	the Agent fails to respond to a request under Clause 21.9 (FATCA Information) and the Company or a Lender reasonably believes that the Agent will not be (or will have ceased to be) a FATCA Exempt Party on or
after that FATCA Application Date; 

  

	 	(ii)	the information supplied by the Agent pursuant to Clause 21.9 (FATCA Information) indicates that the Agent will not be (or will have ceased to be) a FATCA Exempt Party on or after that FATCA Application Date; or

  

	 	(iii)	the Agent notifies the Company and the Lenders that the Agent will not be (or will have ceased to be) a FATCA Exempt Party on or after that FATCA Application Date, 

and (in each case) the Company or a Lender reasonably believes that a Party will be required to make a FATCA Deduction that would not be
required if the Agent were a FATCA Exempt Party, and the Company or that Lender, by notice to the Agent, requires it to resign. 

  
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	34.14	Replacement of the Agent 

  

	 	(a)	After consultation with the Company, the Majority Lenders may, by giving 30 days’ notice to the Agent replace the Agent by appointing a successor Agent (acting through an office in the United Kingdom).

  

	 	(b)	The retiring Agent shall at the expense of the Lenders make available to the successor Agent such documents and records and provide such assistance as the successor Agent may reasonably request for the purposes of
performing its functions as Agent under the Finance Documents. 

  

	 	(c)	The appointment of the successor Agent shall take effect on the date specified in the notice from the Majority Lenders to the retiring Agent. As from this date, the retiring Agent shall be discharged from any further
obligation in respect of the Finance Documents but shall remain entitled to the benefit of this Clause 34 (and any agency fees for the account of the retiring Agent shall cease to accrue from (and shall be payable on) that date). 

 

	 	(d)	Any successor Agent and each of the other Parties shall have the same rights and obligations amongst themselves as they would have had if such successor had been an original Party. 

 

	34.15	Confidentiality 

  

	 	(a)	In acting as agent for the Finance Parties, the Agent shall be regarded as acting through its agency division which shall be treated as a separate entity from any other of its divisions or departments.

  

	 	(b)	If information is received by another division or department of the Agent, it may be treated as confidential to that division or department and the Agent shall not be deemed to have notice of it. 

 

	34.16	Relationship with the Lenders 

  

	 	(a)	Subject to Clause 32.10 (Pro rata interest settlement), the Agent may treat the person shown in its records as Lender at the opening of business (in the place of the Agent’s principal office as notified to
the Finance Parties from time to time) as the Lender acting through its Facility Office: 

  

	 	(i)	entitled to or liable for any payment due under any Finance Document on that day; and 

  

	 	(ii)	entitled to receive and act upon any notice, request, document or communication or make any decision or determination under any Finance Document made or delivered on that day, 

unless it has received not less than 5 Business Days’ prior notice from that Lender to the contrary in accordance with the terms of this
Agreement. 
  

	 	(b)	 Any Lender may by notice to the Agent appoint a person to receive on its behalf all notices, communications, information and documents to be made or
despatched to that Lender under the Finance Documents. Such notice shall 

  
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contain the address, fax number and (where communication by electronic mail or other electronic means is permitted under Clause 39.5 (Electronic communication)) electronic mail address
and/or any other information required to enable transmission of information by that means (and, in each case, the department or officer, if any, for whose attention communication is to be made) and be treated as a notification of a substitute
address, fax number, electronic mail address (or such other information), department and officer by that Lender for the purposes of Clause 39.2 (Addresses) and paragraph (a) of Clause 39.5 (Electronic communication) and the Agent
shall be entitled to treat such person as the person entitled to receive all such notices, communications, information and documents as though that person were that Lender. 

 

	34.17	Credit appraisal by the Lenders 

 Without affecting the responsibility of any Obligor for
information supplied by it or on its behalf in connection with any Finance Document, each Lender confirms to the Agent, the Arranger, the Issuing Bank, each Swingline Agent, each Swingline Lender, and the Coordinator that it has been, and will
continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with any Finance Document including but not limited to: 

 

	 	(a)	the financial condition, creditworthiness, condition, affairs, status and nature of each member of the Group; 

  

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

  

	 	(c)	whether that Lender has recourse, and the nature and extent of that recourse, against any Party or any of its respective assets under or in connection with any Finance Document, the transactions contemplated by the
Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document; and 

 

	 	(d)	the adequacy, accuracy and/or completeness of the Debtdomain Information and any other information provided by the Agent, any Party or by any other person under or in connection with any Finance Document, the
transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document, 

and each Lender warrants to the Agent, the Arranger, the Issuing Bank, each Swingline Agent, each Swingline Lender and the Coordinator that it
has not relied on and will not at any time rely on the Agent, the Arranger, the Issuing Bank, each Swingline Agent, each Swingline Lender or the Coordinator in respect of any of these matters. 

  
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	34.18	Agent’s management time 

 Any amount payable to the Agent under Clause 23.3
(Indemnity to the Agent), Clause 25 (Costs and Expenses) and Clause 34.12 (Lenders’ indemnity to the Agent) shall include the cost, in an amount certified in reasonable detail by the Agent, of utilising the
Agent’s management time or other resources and will be calculated on the basis of such reasonable daily or hourly rates as the Agent may notify to the Company and the Lenders, and is in addition to any fee paid or payable to the Agent under
Clause 20 (Fees). 
  

	34.19	Deduction from amounts payable by the Agent 

 If any Party owes an amount to the Agent
under the Finance Documents the Agent may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Agent would otherwise be obliged to make under the Finance Documents and apply the
amount deducted in or towards satisfaction of the amount owed. For the purposes of the Finance Documents that Party shall be regarded as having received any amount so deducted. 

 

	34.20	Role of Reference Banks 

  

	 	(a)	No Reference Bank is under any obligation to provide a quotation or any other information to the Agent. 

  

	 	(b)	No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct.

  

	 	(c)	No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of
any act or omission of any kind by that officer, employee or agent in relation to any Finance Document, or to any Reference Bank Quotation, and any officer, employee or agent of each Reference Bank may rely on this Clause 34.20 subject to
Clause 1.4 (Third party rights) and the provisions of the Third Parties Act. 

  

	34.21	Third party Reference Banks 

 A Reference Bank which is not a Party may rely on Clause
34.20 (Role of Reference Banks), Clause 43.4 (Other exceptions) and Clause 45 (Confidentiality of Funding Rates and Reference Bank Quotations), subject to Clause 1.4 (Third party rights) and the provisions of the Third
Parties Act. 
  

	35.	CONDUCT OF BUSINESS BY THE FINANCE PARTIES 

 No provision of this Agreement will: 

 

	 	(a)	interfere with the right of any Finance Party to arrange its affairs (tax or otherwise) in whatever manner it thinks fit; 

  
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	 	(b)	oblige any Finance Party to investigate or claim any credit, relief, remission or repayment available to it or the extent, order and manner of any claim; or 

 

	 	(c)	oblige any Finance Party to disclose any information relating to its affairs (tax or otherwise) or any computations in respect of Tax. 

 

	36.	SHARING AMONG THE FINANCE PARTIES 

  

	36.1	Payments to Finance Parties 

 If a Finance Party (a “Recovering Finance
Party”) receives or recovers any amount from an Obligor other than in accordance with Clause 37 (Payment Mechanics) (a “Recovered Amount”) and applies that amount to a payment due under the Finance Documents then:

  

	 	(a)	the Recovering Finance Party shall, within 3 Business Days, notify details of the receipt or recovery, to the Agent; 

  

	 	(b)	the Agent shall determine whether the receipt or recovery is in excess of the amount the Recovering Finance Party would have been paid had the receipt or recovery been received or made by the Agent and distributed in
accordance with Clause 37 (Payment Mechanics), without taking account of any Tax which would be imposed on the Agent in relation to the receipt, recovery or distribution; and 

 

	 	(c)	the Recovering Finance Party shall, within 3 Business Days of demand by the Agent, pay to the Agent an amount (the “Sharing Payment”) equal to such receipt or recovery less any amount which the Agent
determines may be retained by the Recovering Finance Party as its share of any payment to be made, in accordance with Clause 37.5 (Partial payments). 

  

	36.2	Redistribution of payments 

 The Agent shall treat the Sharing Payment as if it had been
paid by the relevant Obligor and distribute it between the Finance Parties (other than the Recovering Finance Party) (the “Sharing Finance Parties”) in accordance with Clause 37.5 (Partial payments) towards the obligations of
that Obligor to the Sharing Finance Parties. 
  

	36.3	Recovering Finance Party’s rights 

 On a distribution by the Agent under Clause 36.2
(Redistribution of payments) of a payment received by a Recovering Finance Party from an Obligor as between the relevant Obligor and the Recovering Finance Party, an amount of the Recovered Amount equal to the Sharing Payment will be treated
as not having been paid by that Obligor. 

  
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	36.4	Reversal of redistribution 

 If any part of the Sharing Payment received or recovered by
a Recovering Finance Party becomes repayable and is repaid by that Recovering Finance Party, then: 
  

	 	(a)	each Sharing Finance Party shall, upon request of the Agent, pay to the Agent for the account of that Recovering Finance Party an amount equal to the appropriate part of its share of the Sharing Payment (together with
an amount as is necessary to reimburse that Recovering Finance Party for its proportion of any interest on the Sharing Payment which that Recovering Finance Party is required to pay) (the “Redistributed Amount”); and

  

	 	(b)	as between the relevant Obligor and each relevant Sharing Finance Party, an amount equal to the relevant Redistributed Amount will be treated as not having been paid by that Obligor. 

 

	36.5	Exceptions 

  

	 	(a)	This Clause 36 shall not apply to the extent that the Recovering Finance Party would not, after making any payment pursuant to this Clause, have a valid and enforceable claim against the relevant Obligor.

  

	 	(b)	A Recovering Finance Party is not obliged to share with any other Finance Party any amount which the Recovering Finance Party has received or recovered as a result of taking legal or arbitration proceedings, if:

  

	 	(i)	it notified that other Finance Party of the legal or arbitration proceedings; and 

  

	 	(ii)	that other Finance Party had an opportunity to participate in those legal or arbitration proceedings but did not do so as soon as reasonably practicable having received notice and did not take separate legal or
arbitration proceedings. 

  
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 SECTION 11 

ADMINISTRATION 
  

	37.	PAYMENT MECHANICS 

  

	37.1	Payments to the Agent 

  

	 	(a)	On each date on which an Obligor or a Lender is required to make a payment under a Finance Document, that Obligor or Lender shall make the same available to the Agent (unless a contrary indication appears in a Finance
Document) for value on the due date at the time and in such funds specified by the Agent as being customary at the time for settlement of transactions in the relevant currency in the place of payment. 

 

	 	(b)	Payment shall be made to such account in the principal financial centre of the country of that currency (or, in relation to euro, in a principal financial centre in such Participating Member State or London, as
specified by the Agent) and with such bank as the Agent, in each case, specifies. 

  

	37.2	Distributions by the Agent 

 Each payment received by the Agent under the Finance
Documents for another Party shall, subject to Clause 37.3 (Distributions to an Obligor), Clause 37.4 (Clawback and pre-funding) and Clause 34.19 (Deduction from amounts payable by the Agent) be made available by the Agent as
soon as practicable after receipt to the Party entitled to receive payment in accordance with this Agreement (in the case of a Lender, for the account of its Facility Office), to such account as that Party may notify to the Agent by not less than 5
Business Days’ notice with a bank specified by that Party in the principal financial centre of the country of that currency (or, in relation to euro, in the principal financial centre of a Participating Member State or London, as specified by
that Party). 
  

	37.3	Distributions to an Obligor 

 The Agent may (with the consent of the Obligor or in
accordance with Clause 38 (Set-off)) apply any amount received by it for that Obligor in or towards payment (on the date and in the currency and funds of receipt) of any amount due from that Obligor under the Finance Documents or in or
towards purchase of any amount of any currency to be so applied. 
  

	37.4	Clawback and pre-funding 

  

	 	(a)	Where a sum is to be paid to the Agent under the Finance Documents for another Party, the Agent is not obliged to pay that sum to that other Party (or to enter into or perform any related exchange contract) until it has
been able to establish to its satisfaction that it has actually received that sum. However, the Agent may assume that the sum has been paid to it, and, in reliance on that assumption, make available to that Party a corresponding amount.

  

	 	(b)	 If the Agent pays an amount to another Party and it proves to be the case that the Agent had not actually received that amount, then the Party to whom
that amount (or the proceeds of any related exchange contract) was paid by the 

  
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Agent shall on demand refund the same to the Agent together with interest on that amount from the date of payment to the date of receipt by the Agent, calculated by the Agent to reflect its cost
of funds. 

  

	 	(c)	If the Agent has notified the Lenders that it is willing to make available amounts for the account of a Borrower before receiving funds from the Lenders then it shall promptly inform the Company thereof and if and to
the extent that the Agent does so but it proves to be the case that it does not then receive funds from a Lender in respect of a sum which it paid to a Borrower: 

  

	 	(i)	the Borrower to whom that sum was made available shall on demand refund it to the Agent; and 

  

	 	(ii)	the Lender by whom those funds should have been made available or, if that Lender fails to do so, the Borrower to whom that sum was made available, shall on demand pay to the Agent the amount (as certified by the Agent)
which will indemnify the Agent against any funding cost incurred by it as a result of paying out that sum before receiving those funds from that Lender. 

  

	37.5	Partial payments 

  

	 	(a)	If the Agent receives a payment that is insufficient to discharge all the amounts then due and payable by an Obligor under the Finance Documents, the Agent shall apply that payment towards the obligations of that
Obligor under the Finance Documents in the following order: 

  

	 	(i)	first, in or towards payment pro rata of any unpaid amount owing to the Agent, the Issuing Bank, each Swingline Agent and each Swingline Lender (but only if the Dollar Swingline Loans or the Euro Swingline
Loans, as relevant, have not been funded by any other Lenders) under the Finance Documents; 

  

	 	(ii)	secondly, in or towards payment pro rata of any accrued interest, fee or commission due but unpaid under this Agreement; 

 

	 	(iii)	thirdly, in or towards payment pro rata of any principal due but unpaid under this Agreement and any amount due but unpaid under Clauses 7.3 (Claims under a Letter of Credit) and 7.4
(Indemnities); and 

  

	 	(iv)	fourthly, in or towards payment pro rata of any other sum due but unpaid under the Finance Documents. 

  

	 	(b)	The Agent shall, if so directed by the Majority Lenders, vary the order set out in paragraphs (a)(ii) to (iv) above. 

  

	 	(c)	Paragraphs (a) and (b) above will override any appropriation made by an Obligor. 

  
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	37.6	No set-off by Obligors 

 All payments to be made by an Obligor under the Finance
Documents shall be calculated and be made without (and free and clear of any deduction for) set-off or counterclaim. 
  

	37.7	Business Days 

  

	 	(a)	Any payment under any Finance Document which is due to be made on a day that is not a Business Day shall be made on the next Business Day in the same calendar month (if there is one) or the preceding Business Day (if
there is not). 

  

	 	(b)	During any extension of the due date for payment of any principal or Unpaid Sum under this Agreement interest is payable on the principal or Unpaid Sum at the rate payable on the original due date. 

 

	37.8	Currency of account 

  

	 	(a)	Subject to paragraphs (b) to (e) below, the Base Currency is the currency of account and payment for any sum due from an Obligor under any Finance Document. 

 

	 	(b)	A repayment of a Utilisation or Unpaid Sum or a part of a Utilisation or Unpaid Sum shall be made in the currency in which that Utilisation or Unpaid Sum is denominated, pursuant to this Agreement, on its due date.

  

	 	(c)	Each payment of interest shall be made in the currency in which the sum in respect of which the interest is payable was denominated, pursuant to this Agreement, when that interest accrued. 

 

	 	(d)	Each payment in respect of costs, expenses or Taxes shall be made in the currency in which the costs, expenses or Taxes are incurred. 

 

	 	(e)	Any amount expressed to be payable in a currency other than the Base Currency shall be paid in that other currency. 

  

	37.9	Change of currency 

  

	 	(a)	Unless otherwise prohibited by law, if more than one currency or currency unit are at the same time recognised by the central bank of any country as the lawful currency of that country, then: 

 

	 	(i)	any reference in the Finance Documents to, and any obligations arising under the Finance Documents in, the currency of that country shall be translated into, or paid in, the currency or currency unit of that country
designated by the Agent (after consultation with the Company); and 

  

	 	(ii)	any translation from one currency or currency unit to another shall be at the official rate of exchange recognised by the central bank for the conversion of that currency or currency unit into the other, rounded up or
down by the Agent (acting reasonably). 

  
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	 	(b)	If a change in any currency of a country occurs, this Agreement will, to the extent the Agent (acting reasonably and after consultation with the Company) specifies to be necessary, be amended to comply with any
generally accepted conventions and market practice in the Relevant Market and otherwise to reflect the change in currency. 

  

	37.10	Disruption to payment systems etc. 

 If either the Agent determines (in its discretion)
that a Disruption Event has occurred or the Agent is notified by the Company that a Disruption Event has occurred: 
  

	 	(a)	the Agent may, and shall if requested to do so by the Company, consult with the Company with a view to agreeing with the Company such changes to the operation or administration of the Facilities as the Agent may deem
necessary in the circumstances; 

  

	 	(b)	the Agent shall not be obliged to consult with the Company in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event,
shall have no obligation to agree to such changes; 

  

	 	(c)	the Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

  

	 	(d)	any such changes agreed upon by the Agent and the Company shall (whether or not it is finally determined that a Disruption Event has occurred) be binding upon the Parties as an amendment to (or, as the case may be,
waiver of) the terms of the Finance Documents notwithstanding the provisions of Clause 43 (Amendments and Waivers); 

  

	 	(e)	the Agent shall not be liable for any damages, costs or losses to any person, any diminution in value or any liability whatsoever (including, without limitation for negligence, gross negligence or any other category of
liability whatsoever but not including any claim based on the fraud of the Agent) arising as a result of its taking, or failing to take, any actions pursuant to or in connection with this Clause 37.10; and 

 

	 	(f)	the Agent shall notify the Finance Parties of all changes agreed pursuant to paragraph (d) above. 

  

	38.	SET-OFF 

 A Finance Party may set-off any matured obligation due from an Obligor under
the Finance Documents (to the extent beneficially owned by that Finance Party) against any matured obligation owed by that Finance Party to that Obligor, regardless of the place of payment, booking branch or currency of either obligation. If the
obligations are in different currencies, the Finance Party may convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off. 

  
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	39.	NOTICES 

  

	39.1	Communications in writing 

 Any communication to be made under or in connection with the
Finance Documents shall be made in writing and, unless otherwise stated, may be made by fax or letter. 
  

	39.2	Addresses 

 The address and fax number (and the department or officer, if any, for whose
attention the communication is to be made) of each Party for any communication or document to be made or delivered under or in connection with the Finance Documents is: 
  

	 	(a)	in the case of the Company and any other Original Obligor, that identified with its name in the Amendment and Restatement Agreement; 

 

	 	(b)	in the case of each Lender, each Swingline Agent, each Swingline Lender, the Issuing Bank or any other Obligor, that notified in writing to the Agent on or prior to the date on which it becomes a Party; and

  

	 	(c)	in the case of the Agent, that identified with its name in the Amendment and Restatement Agreement, 

or any substitute address or fax number or department or officer as the Party may notify to the Agent (or the Agent may notify to the other
Parties, if a change is made by the Agent) by not less than 5 Business Days’ notice. 
  

	39.3	Delivery 

  

	 	(a)	Any communication or document made or delivered by one person to another under or in connection with the Finance Documents will only be effective: 

 

	 	(i)	if by way of fax, when received in legible form; or 

  

	 	(ii)	if by way of letter, when it has been left at the relevant address or 5 Business Days after being deposited in the post postage prepaid in an envelope addressed to it at that address, 

and, if a particular department or officer is specified as part of its address details provided under Clause 39.2 (Addresses), if
addressed to that department or officer. 
  

	 	(b)	Any communication or document to be made or delivered to the Agent will be effective only when actually received by the Agent and then only if it is expressly marked for the attention of the department or officer
identified with the Agent’s signature below (or any substitute department or officer as the Agent shall specify for this purpose). 

  

	 	(c)	All notices from or to an Obligor shall be sent through the Agent. 

  
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	 	(d)	Any communication or document made or delivered to the Company in accordance with this Clause will be deemed to have been made or delivered to each of the Obligors. 

 

	 	(e)	Any communication or document which becomes effective, in accordance with paragraphs (a) to (d) above, after 5:00 p.m. in the place of receipt shall be deemed only to become effective on the following day.

  

	 	(f)	Any communication or document made or delivered to an Obligor (other than the Company) in accordance with this Clause shall be copied to the Company, c/o WABCO Europe BVBA, at the address and fax number set out below.

  

	39.4	Notification of address and fax number 

 Promptly upon changing its address or fax
number, the Agent shall notify the other Parties. 
  

	39.5	Electronic communication 

  

	 	(a)	Any communication to be made between any two Parties under or in connection with the Finance Documents may be made by electronic mail or other electronic means (including, without limitation, by way of posting to a
secure website) if those two Parties: 

  

	 	(i)	notify each other in writing of their electronic mail address and/or any other information required to enable the transmission of information by that means; and 

 

	 	(ii)	notify each other of any change to their address or any other such information supplied by them by not less than 5 Business Days’ notice. 

 

	 	(b)	The Parties agree that any such electronic communication as specified in paragraph (a) above shall be an accepted form of communication unless and until notified to the contrary. 

 

	 	(c)	Any such electronic communication as specified in paragraph (a) above made between any two Parties will be effective only when actually received (or made available) in readable form and in the case of any
electronic communication made by a Party to the Agent only if it is addressed in such a manner as the Agent shall specify for this purpose. 

  

	 	(d)	Any electronic communication which becomes effective, in accordance with paragraph (c) above, after 5:00 p.m. in the place in which the Party to whom the relevant communication is sent or made available has its
address for the purpose of this Agreement, and shall be deemed only to become effective on the following day. 

  

	 	(e)	Any reference in a Finance Document to a communication being sent or received shall be construed to include that communication being made available in accordance with this Clause 39.5. 

  
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	39.6	English language 

  

	 	(a)	Any notice given under or in connection with any Finance Document must be in English. 

  

	 	(b)	All other documents provided under or in connection with any Finance Document must be: 

  

	 	(i)	in English; or 

  

	 	(ii)	if not in English, and if so required by the Agent, accompanied by a certified English translation and, in this case, the English translation will prevail unless the document is a constitutional, statutory or other
official document. 

  

	40.	CALCULATIONS AND CERTIFICATES 

  

	40.1	Accounts 

 In any litigation or arbitration proceedings arising out of or in connection
with a Finance Document, the entries made in the accounts maintained by a Finance Party are prima facie evidence of the matters to which they relate in the absence of manifest error. 

 

	40.2	Certificates and determinations 

 Any certification or determination by a Finance Party
of a rate or amount under any Finance Document is, in the absence of manifest error, conclusive evidence of the matters to which it relates. 
  

	40.3	Day count convention 

 Any interest, commission or fee accruing under a Finance Document
will accrue from day to day and is calculated on the basis of the actual number of days elapsed and a year of 360 days or, in any case where the practice in the Relevant Market differs, in accordance with that market practice (being 365 days in Hong
Kong). 
  

	41.	PARTIAL INVALIDITY 

 If, at any time, any provision of a Finance Document is or becomes
illegal, invalid or unenforceable in any respect under any law of any jurisdiction, neither: 
  

	 	(a)	the legality, validity or enforceability of the remaining provisions; nor 

  

	 	(b)	the legality, validity or enforceability of such provision under the law of any other jurisdiction, 

will in any way be affected or impaired. 

  
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	42.	REMEDIES AND WAIVERS 

 No failure to exercise, nor any delay in exercising, on the part
of any Finance Party, any right or remedy under a Finance Document shall operate as a waiver of any such right or remedy or constitute an election to affirm any of the Finance Documents. No election to affirm any Finance Document on the part of any
Finance Party shall be effective unless it is in writing. No single or partial exercise of any right or remedy shall prevent any further or other exercise or the exercise of any other right or remedy. The rights and remedies provided in each Finance
Document are cumulative and not exclusive of any rights or remedies provided by law. 
  

	43.	AMENDMENTS AND WAIVERS 

  

	43.1	Required consents 

  

	 	(a)	Subject to Clause 43.2 (All Lender matters) and Clause 43.4 (Other exceptions) any term of the Finance Documents may be amended or waived only with the consent of the Majority Lenders and the Company and
any such amendment or waiver will be binding on all Parties. 

  

	 	(b)	The Agent may effect, on behalf of any Finance Party, any amendment or waiver permitted by this Clause. 

  

	 	(c)	The Agent must promptly notify the other Parties of any amendment or waiver effected by it pursuant to paragraph (b) above. 

  

	43.2	All Lender matters 

  

	 	(a)	Subject to Clause 43.5 (Replacement of Screen Rate) an amendment or waiver of any term of any Finance Document that has the effect of changing or which relates to: 

 

	 	(i)	the definition of “Majority Lenders” in Clause 1.1 (Definitions); 

  

	 	(ii)	an extension to the date of payment of any amount under the Finance Documents; 

  

	 	(iii)	a reduction in the Applicable Margin (other than in accordance with the definition thereof) or a reduction in the amount of any payment of principal, interest, fees or commission payable; 

 

	 	(iv)	an increase in any Commitment or an extension of the Availability Period or any requirement that a cancellation of Commitments reduces the Commitments of the Lenders rateably under the Facility, other than in accordance
with Clause 2.2 (Increase in Total Commitments); 

  

	 	(v)	a change to the Borrowers or Guarantors other than in accordance with Clause 33 (Changes to the Obligors); 

  

	 	(vi)	any provision which expressly requires the consent of all the Lenders; 

  
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	 	(vii)	Clause 2.4 (Finance Parties’ rights and obligations), Clause 16.2 (Change of control), Clause 16.7 (Application of prepayments), Clause 32 (Changes to the Lenders), Clause 36 (Sharing
among the Finance Parties), this Clause 43, Clause 48 (Governing Law) or Clause 49 (Enforcement); or 

  

	 	(viii)	the nature or scope of the guarantee and indemnity granted under Clause 26 (Guarantee and Indemnity); 

shall not be made without the prior consent of all the Lenders. 
  

	43.3	Excluded Commitments 

 If any Lender notifies the Agent that as a result of the operation
of Clause 27.17 (Sanctions and anti-corruption) or Clause 30.12 (Sanctions and anti-corruption) it has no voting rights in relation to a specific vote of Lenders under the terms of this Agreement: 

 

	 	(a)	its Commitment shall not be included for the purpose of calculating the Total Commitments when ascertaining whether any relevant percentage (including, for the avoidance of doubt, unanimity) of Total Commitments has
been obtained; and 

  

	 	(b)	its status as Lender shall be disregarded for the purpose of ascertaining whether the agreement of any specified group of Lenders has been obtained. 

 

	43.4	Other exceptions 

 An amendment or waiver which relates to the rights or obligations of
the Agent, a Swingline Agent, the Issuing Bank, the Arranger, the Coordinator or a Reference Bank (each in their capacity as such) may not be effected without the consent of the Agent, the relevant Swingline Agent, the Issuing Bank, the Arranger,
the Coordinator or that Reference Bank as the case may be. 
  

	43.5	Replacement of Screen Rate 

 Subject to Clause 43.4 (Other exceptions), if any
Screen Rate is not available for a currency which can be selected for a Loan, any amendment or waiver which relates to providing for another benchmark rate to apply in relation to that currency in place of that Screen Rate (or which relates to
aligning any provision of a Finance Document to the use of that other benchmark rate) may be made with the consent of the Majority Lenders and the Obligors. 
  

	44.	CONFIDENTIAL INFORMATION 

  

	44.1	Confidentiality 

 Each Finance Party agrees to keep all Confidential Information
confidential and not to disclose it to anyone, save to the extent permitted by Clause 44.2 (Disclosure of Confidential Information) and Clause 44.3 (Disclosure to numbering service providers), and to ensure that all Confidential
Information is protected with security measures and a degree of care that would apply to its own confidential information. 

  
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	44.2	Disclosure of Confidential Information 

 Any Finance Party may disclose: 

 

	 	(a)	to any of its Affiliates and Related Funds and any of its or their officers, directors, employees, professional advisers, auditors, partners, (in the case of any Finance Party incorporated in Singapore or lending out of
a Singapore branch only) third party service providers and Representatives such Confidential Information as that Finance Party shall consider appropriate if any person to whom the Confidential Information is to be given pursuant to this paragraph
(a) is informed in writing of its confidential nature and that some or all of such Confidential Information may be price-sensitive information except that there shall be no such requirement to so inform if the recipient is subject to
professional obligations to maintain the confidentiality of the information or is otherwise bound by requirements of confidentiality in relation to the Confidential Information; 

 

	 	(b)	to any person: 

  

	 	(i)	to (or through) whom it assigns or transfers (or may potentially assign or transfer) all or any of its rights and/or obligations under one or more Finance Documents or which succeeds (or which may potentially succeed)
it as Agent and, in each case, to any of that person’s Affiliates, Related Funds, Representatives and professional advisers; 

  

	 	(ii)	with (or through) whom it enters into (or may potentially enter into), whether directly or indirectly, any sub-participation in relation to, or any other transaction under which payments are to be made or may be made by
reference to, one or more Finance Documents and/or one or more Obligors and to any of that person’s Affiliates, Related Funds Representatives and professional advisers; 

 

	 	(iii)	appointed by any Finance Party or by a person to whom sub paragraph (b)(i) or (ii) above applies to receive communications, notices, information or documents delivered pursuant to the Finance Documents on its
behalf (including, without limitation, any person appointed under paragraph (b) of Clause 34.16 (Relationship with the Lenders)); 

  

	 	(iv)	who invests in or otherwise finances (or may potentially invest in or otherwise finance), directly or indirectly, any transaction referred to in paragraph (b)(i) or (ii) above; 

 

	 	(v)	to whom information is required or requested to be disclosed by any court of competent jurisdiction or any governmental, banking, taxation or other regulatory authority or similar body, the rules of any relevant stock
exchange or pursuant to any applicable law or regulation; 

  

	 	(vi)	to whom or for whose benefit that Finance Party charges, assigns or otherwise creates Security (or may do so) pursuant to Clause 32.9 (Security over Lenders’ rights); 

  
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	 	(vii)	to whom information is required to be disclosed in connection with, and for the purposes of, any litigation, arbitration, administrative or other investigations, proceedings or disputes; 

 

	 	(viii)	who is a Party; or 

  

	 	(ix)	with the consent of the Company; 

 in each case, such Confidential Information as that Finance
Party shall consider appropriate if: 
  

	 	(A)	in relation to paragraphs (b)(i), (b)(ii) and (b)(iii) above, the person to whom the Confidential Information is to be given has entered into a Confidentiality Undertaking except that there shall be no requirement for a
Confidentiality Undertaking if the recipient is a professional adviser and is subject to professional obligations to maintain the confidentiality of the Confidential Information; 

 

	 	(B)	in relation to paragraph (b)(iv) above, the person to whom the Confidential Information is to be given has entered into a Confidentiality Undertaking or is otherwise bound by requirements of confidentiality in relation
to the Confidential Information they receive and is informed that some or all of such Confidential Information may be price-sensitive information; 

  

	 	(C)	in relation to paragraphs (b)(v), (b)(vi) and (b)(vii) above, the person to whom the Confidential Information is to be given is informed of its confidential nature and that some or all of such Confidential Information
may be price-sensitive information except that there shall be no requirement to so inform if, in the opinion of that Finance Party, it is not practicable so to do in the circumstances; 

 

	 	(c)	to any person appointed by that Finance Party or by a person to whom paragraph (b)(i) or (b)(ii) above applies to provide administration or settlement services in respect of one or more of the Finance Documents
including without limitation, in relation to the trading of participations in respect of the Finance Documents, such Confidential Information as may be required to be disclosed to enable such service provider to provide any of the services referred
to in this paragraph (c) if the service provider to whom the Confidential Information is to be given has entered into a confidentiality agreement substantially in the form of the LMA Master Confidentiality Undertaking for Use With
Administration/Settlement Service Providers or such other form of confidentiality undertaking agreed between the Company and the relevant Finance Party; 

  

	 	(d)	to any rating agency (including its professional advisers) such Confidential Information as may be required to be disclosed to enable such rating agency to carry out its normal rating activities in relation to the
Finance Documents and/or the Obligors. 

  
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	44.3	Disclosure to numbering service providers 

  

	 	(a)	Any Finance Party may disclose to any national or international numbering service provider appointed by that Finance Party to provide identification numbering services in respect of this Agreement, the Facilities and/or
one or more Obligors the following information: 

  

	 	(i)	names of Obligors; 

  

	 	(ii)	country of domicile of Obligors; 

  

	 	(iii)	place of incorporation of Obligors; 

  

	 	(iv)	date of this Agreement; 

  

	 	(v)	Clause 48 (Governing Law) 

  

	 	(vi)	the names of the Agent, the Arranger and the Coordinator; 

  

	 	(vii)	date of each amendment and restatement of this Agreement; 

  

	 	(viii)	amounts of, and names of, the Facilities; 

  

	 	(ix)	amount of Total Commitments; 

  

	 	(x)	currencies of the Facilities; 

  

	 	(xi)	type of Facilities; 

  

	 	(xii)	ranking of Facilities; 

  

	 	(xiii)	Termination Date for Facilities; 

  

	 	(xiv)	changes to any of the information previously supplied pursuant to paragraphs (i) to (xiii) above; and 

  

	 	(xv)	such other information agreed between such Finance Party and the Company, 

 to enable such
numbering service provider to provide its usual syndicated loan numbering identification services. 
  

	 	(b)	The Parties acknowledge and agree that each identification number assigned to this Agreement, the Facilities and/or one or more Obligors by a numbering service provider and the information associated with each such
number may be disclosed to users of its services in accordance with the standard terms and conditions of that numbering service provider. 

  
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	 	(c)	Each Obligor represents that none of the information set out in paragraphs (a)(i) to (a)(xv) above is, nor will at any time be, unpublished price-sensitive information. 

 

	 	(d)	The Agent shall notify the Company and the other Finance Parties of: 

  

	 	(i)	the name of any numbering service provider appointed by the Agent in respect of this Agreement, the Facilities and/or one or more Obligors; and 

 

	 	(ii)	the number or, as the case may be, numbers assigned to this Agreement, the Facilities and/or one or more Obligors by such numbering service provider. 

 

	44.4	Entire agreement 

 This Clause 44 constitutes the entire agreement between the Parties in
relation to the obligations of the Finance Parties under the Finance Documents regarding Confidential Information and supersedes any previous agreement, whether express or implied, regarding Confidential Information. 

 

	44.5	Inside information 

 Each of the Finance Parties acknowledges that some or all of the
Confidential Information is or may be price-sensitive information and that the use of such information may be regulated or prohibited by applicable legislation including securities law relating to insider dealing and market abuse and each of the
Finance Parties undertakes not to use any Confidential Information for any unlawful purpose. 
  

	44.6	Notification of disclosure 

 Each of the Finance Parties agrees (to the extent permitted
by law and regulation) to inform the Company: 
  

	 	(a)	of the circumstances of any disclosure of Confidential Information made pursuant to paragraph (b)(v) of Clause 44.2 (Disclosure of Confidential Information) except where such disclosure is made to any of the
persons referred to in that paragraph during the ordinary course of its supervisory or regulatory function; and 

  

	 	(b)	upon becoming aware that Confidential Information has been disclosed in breach of this Clause 44. 

  

	44.7	Continuing obligations 

 The obligations in this Clause 44 are continuing and, in
particular, shall survive and remain binding on each Finance Party for a period of twelve months from the earlier of: 
  

	 	(a)	the date on which all amounts payable by the Obligors under or in connection with this Agreement have been paid in full and all Commitments have been cancelled or otherwise cease to be available; and 

  
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	 	(b)	the date on which such Finance Party otherwise ceases to be a Finance Party. 

  

	45.	CONFIDENTIALITY OF FUNDING RATES AND REFERENCE BANK QUOTATIONS 

  

	45.1	Confidentiality and disclosure 

  

	 	(a)	The Agent, each Swingline Agent and each Obligor agree to keep each Funding Rate (and, in the case of the Agent and each Swingline Agent, each Reference Bank Quotation) confidential and not to disclose it to anyone,
save to the extent permitted by paragraphs (b), (c) and (d) below. 

  

	 	(b)	The Agent and each Swingline Agent may disclose: 

  

	 	(i)	any Funding Rate (but not, for the avoidance of doubt, any Reference Bank Quotation) to the relevant Borrower pursuant to Clause 10.4 (Interest), 13.4 (Interest) or Clause 17.4 (Notification of rates of
interest) (as applicable); and 

  

	 	(ii)	any Funding Rate or any Reference Bank Quotation to any person appointed by it to provide administration services in respect of one or more of the Finance Documents to the extent necessary to enable such service
provider to provide those services if the service provider to whom that information is to be given has entered into a confidentiality agreement substantially in the form of the LMA Master Confidentiality Undertaking for Use With
Administration/Settlement Service Providers or such other form of confidentiality undertaking agreed between the Agent or the relevant Swingline Agent and the relevant Lender or Reference Bank, as the case may be. 

 

	 	(c)	The Agent and each Swingline Agent may disclose any Funding Rate or any Reference Bank Quotation, and each Obligor may disclose any Funding Rate, to: 

 

	 	(i)	any of its Affiliates and any of its or their officers, directors, employees, professional advisers, auditors, partners and Representatives if any person to whom that Funding Rate or Reference Bank Quotation is to be
given pursuant to this paragraph (i) is informed in writing of its confidential nature and that it may be price-sensitive information except that there shall be no such requirement to so inform if the recipient is subject to professional
obligations to maintain the confidentiality of that Funding Rate or Reference Bank Quotation or is otherwise bound by requirements of confidentiality in relation to it; 

 

	 	(ii)	any person to whom information is required or requested to be disclosed by any court of competent jurisdiction or any governmental, banking, taxation or other regulatory authority or similar body, the rules of any
relevant stock exchange or pursuant to any applicable law or regulation if the person to whom that Funding Rate or Reference Bank Quotation is to be given is informed in writing of its confidential 

  
 - 154 - 

	 	nature and that it may be price-sensitive information except that there shall be no requirement to so inform if, in the opinion of the Agent, the relevant Swingline Agent or the relevant Obligor, as the case may be, it
is not practicable to do so in the circumstances; 

  

	 	(iii)	any person to whom information is required to be disclosed in connection with, and for the purposes of, any litigation, arbitration, administrative or other investigations, proceedings or disputes if the person to whom
that Funding Rate or Reference Bank Quotation is to be given is informed in writing of its confidential nature and that it may be price-sensitive information except that there shall be no requirement to so inform if, in the opinion of the Agent, the
relevant Swingline Agent or the relevant Obligor , as the case may be, it is not practicable to do so in the circumstances; and 

  

	 	(iv)	any person with the consent of the relevant Lender or Reference Bank, as the case may be. 

  

	 	(d)	The Agent’s obligations in this Clause 45 relating to Reference Bank Quotations are without prejudice to its obligations to make notifications under Clause 17.4 (Notification of rates of interest)
provided that (other than pursuant to paragraph (b)(i) above) the Agent or the relevant Swingline Agent shall not include the details of any individual Reference Bank Quotation as part of any such notification. 

 

	45.2	Related obligations 

  

	 	(a)	The Agent, each Swingline Agent and each Obligor acknowledge that each Funding Rate (and, in the case of the Agent and each Swingline Agent, each Reference Bank Quotation) is or may be price-sensitive information and
that its use may be regulated or prohibited by applicable legislation including securities law relating to insider dealing and market abuse and the Agent, each Swingline Agent and each Obligor undertake not to use any Funding Rate or, in the case of
the Agent and each Swingline Agent, any Reference Bank Quotation for any unlawful purpose. 

  

	 	(b)	The Agent, each Swingline Agent and each Obligor agree (to the extent permitted by law and regulation) to inform the relevant Lender or Reference Bank, as the case may be: 

 

	 	(i)	of the circumstances of any disclosure made pursuant to paragraph (c)(ii) of Clause 45.1 (Confidentiality and disclosure) except where such disclosure is made to any of the persons referred to in that paragraph
during the ordinary course of its supervisory or regulatory function; and 

  

	 	(ii)	upon becoming aware that any information has been disclosed in breach of this Clause 45. 

  
 - 155 - 

	45.3	No Event of Default 

 No Event of Default will occur under Clause 31.3 (Other
obligations) by reason only of an Obligor’s failure to comply with this Clause 45. 
  

	46.	COUNTERPARTS 

 Each Finance Document may be executed in any number of counterparts, and
this has the same effect as if the signatures on the counterparts were on a single copy of the Finance Document. 
  

	47.	USA PATRIOT ACT 

 Each Lender that is subject to the USA PATRIOT Act hereby notifies each
Obligor that pursuant to the requirements of the USA PATRIOT Act, such Lender is required to obtain, verify and record information that identifies such Obligor, which information includes the name and address of such Obligor and other information
that will allow such Lender to identify such Obligor in accordance with the USA Patriot Act. 

  
 - 156 - 

 SECTION 12 

GOVERNING LAW AND ENFORCEMENT 
  

	48.	GOVERNING LAW 

 This Agreement and any non-contractual obligations arising out of or in
connection with it are governed by English law. 
  

	49.	ENFORCEMENT 

  

	49.1	Jurisdiction 

  

	 	(a)	The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection with this Agreement (including a dispute relating to the existence, validity or termination of this Agreement or
the consequences of its nullity or any non-contractual obligations arising out of or in connection with this Agreement) (a “Dispute”). 

  

	 	(b)	The Parties agree that the courts of England are the most appropriate and convenient courts to settle Disputes and accordingly no Party will argue to the contrary. 

 

	 	(c)	This Clause 49.1 is for the benefit of the Finance Parties only. As a result, and notwithstanding paragraph (a) above, any Finance Party may take proceedings relating to a Dispute in any other courts with
jurisdiction. To the extent allowed by law, the Finance Parties may take concurrent proceedings in any number of jurisdictions. 

  

	49.2	Service of process 

 Without prejudice to any other mode of service allowed under any
relevant law, each Obligor: 
  

	 	(a)	irrevocably appoints WABCO Automotive U.K. Limited (attention: Derek Colquhoun and David Rickell) of Unit A1 Grange Valley, Grange Valley Road, Batley, West Yorkshire WF17 6GH, England as its agent for service of
process in relation to any proceedings before the English courts in connection with any Finance Document; and 

  

	 	(b)	agrees that failure by an agent for service of process to notify the relevant Obligor of the process will not invalidate the proceedings concerned. 

 

	49.3	Waiver of jury trial 

  

	 	(a)	Each of the Parties to this Agreement agrees to waive irrevocably its rights to a jury trial of any claim based upon or arising out of this Agreement or any of the documents referred to in this Agreement or any
transaction contemplated in this Agreement. This waiver is intended to apply to all Disputes. Each Party acknowledges that: 

  

	 	(i)	this waiver is a material inducement to enter into this Agreement; 

  
 - 157 - 

	 	(ii)	it has already relied on this waiver in entering into this Agreement; and 

  

	 	(iii)	it will continue to rely on this waiver in future dealings. 

  

	 	(b)	Each Party represents that it has reviewed this waiver with its legal advisers and that it knowingly and voluntarily waives its jury trial rights after consultation with its legal advisers. In the event of litigation,
this Agreement may be filed as a written consent to a trial by the court. 

 This Agreement has been entered into on the date stated at the
beginning of this Agreement. 

  
 - 158 - 

 SCHEDULE 1 

THE ORIGINAL PARTIES 

PART I 
 THE ORIGINAL
OBLIGORS 
  

			
	Name of Original Borrowers	  	Registration number (or equivalent, if any)
	 WABCO Holdings Inc.
	  	4283982 (Record No. with the Delaware Secretary of State)
		
	 WABCO Europe BVBA
	  	0475.956.135
		
	 WABCO Financial Services Sprl
	  	0881.425.934
		
	 WABCO Asia Private Ltd.
	  	200607693H
		
	 WABCO Hong Kong Limited
	  	1143938
		
	Name of Original Guarantor	  	Registration number (or equivalent, if any)
	 WABCO Holdings Inc.
	  	4283982 (Record No. with the Delaware Secretary of State)

 PART II 

THE ORIGINAL LENDERS 
  

					
	Name of Original Lender	  	Commitment (USD)	 
	 Citibank, N.A., London Branch
	  	 	59,000,000	  
	 ING Belgium SA/NV
	  	 	59,000,000	  
	 Bank of America Merrill Lynch International Limited
	  	 	47,000,000	  
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	 	47,000,000	  
	 BNP Paribas Fortis SA/NV
	  	 	47,000,000	  
	 Credit Lyonnais
	  	 	47,000,000	  
	 The Royal Bank of Scotland plc
	  	 	47,000,000	  
	 UniCredit Bank AG
	  	 	47,000,000	  
	 TOTAL:
	  	 	USD400,000,000	  

  
 - 159 - 

 SCHEDULE 2 

CONDITIONS PRECEDENT 

PART I 
 CONDITIONS
PRECEDENT TO INITIAL UTILISATION 
  

	1.	Original Obligors 

  

	 	(a)	A copy of the constitutional documents of each Original Obligor. 

  

	 	(b)	A copy of a resolution of the board of directors of each Original Obligor: 

  

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

 

	 	(ii)	in the case of each Belgian Obligor, setting out the reasons why the board of directors of that Obligor considered that the entry into this Agreement is of benefit to that Obligor; 

 

	 	(iii)	authorising a specified person or persons to execute the Finance Documents to which it is a party on its behalf; and 

  

	 	(iv)	authorising a specified person or persons, on its behalf, to sign and/or despatch all documents and notices (including, if relevant, any Utilisation Request) to be signed and/or despatched by it under or in connection
with the Finance Documents to which it is a party. 

  

	 	(c)	A specimen of the signature of each person authorised by the resolution referred to in paragraph (b) above. 

  

	 	(d)	A certificate of each Original Obligor (signed by a director or by a Financial Officer of the relevant Obligor duly authorised by the board of directors) confirming that borrowing or guaranteeing, as appropriate, the
Total Commitments (including any permitted increase in the Total Commitments pursuant to Clause 2.2 (Increase in Total Commitments) would not cause any borrowing, guaranteeing or similar limit binding on it to be exceeded. 

 

	 	(e)	A certificate of an authorised signatory of each Original Obligor (signed by a director or by a Financial Officer of the relevant Obligor duly authorised by the board of directors) certifying that each copy document
relating to it specified in this Part I of this Schedule 2 is correct, complete and in full force and effect as at a date no earlier than the date of this Agreement. 

 

	2.	Legal opinions 

  

	 	(a)	A legal opinion of Clifford Chance LLP, legal advisers to the Arranger and the Agent in England, substantially in the form distributed to the Original Lenders prior to signing this Agreement. 

 

	 	(b)	If an Original Obligor is incorporated in a jurisdiction other than England and Wales, a legal opinion of the legal advisers to the Arranger and the Agent in the relevant jurisdiction, substantially in the form
distributed to the Original Lenders prior to signing this Agreement. 

  
 - 160 - 

	3.	Other documents and evidence 

  

	 	(a)	Evidence that any agent for service of process referred to in Clause 49.2 (Service of process), if not an Original Obligor, has accepted its appointment. 

 

	 	(b)	A copy of any other Authorisation or other document, opinion or assurance which the Agent considers to be necessary or desirable (if it has notified the Company accordingly) in connection with the entry into and
performance of the transactions contemplated by any Finance Document or for the validity and enforceability of any Finance Document. 

  

	 	(c)	Subject to Clause 4.1 (Initial conditions precedent), the Original Financial Statements of each Original Obligor. 

  

	 	(d)	Evidence that the fees, costs and expenses then due from the Company pursuant to Clause 20 (Fees) and Clause 25 (Costs and Expenses) have been paid or will be paid by the first Utilisation Date.

  

	 	(e)	Evidence satisfactory to the Agent that all amounts under the five year credit agreement dated as of 31 May 2007 between, amongst others, the Company, JP Morgan Securities, Inc. and ABN AMRO Bank Inc. as lead
arrangers and joint bookrunners (other than amounts outstanding under the existing letters of credit) have been repaid or prepaid in full (or will be prepaid in full simultaneously with the proceeds of the first Utilisation hereunder) and that all
facilities thereunder (other than the existing letters of credit) have been cancelled (or will be cancelled simultaneously with the first Utilisation hereunder). 

  

	 	(f)	A copy of a good standing certificate with respect to each U.S. Obligor, issued as of a recent date satisfactory to the Agent by the Secretary of State or other appropriate official of each U.S. Obligor’s
jurisdiction of incorporation or organisation. 

  

	 	(g)	A certificate in form and substance satisfactory to the Agent of the chief financial officer or director of finance of each U.S. Obligor as to the solvency of such U.S. Obligor. 

  
 - 161 - 

 PART II 

CONDITIONS PRECEDENT REQUIRED TO BE 

DELIVERED BY AN ADDITIONAL OBLIGOR 
  

	1.	An Accession Letter, duly executed by the Additional Obligor and the Company. 

  

	2.	A copy of the constitutional documents of the Additional Obligor. 

  

	3.	A copy of a good standing certificate with respect to each Additional Obligor whose jurisdiction of organization is a state of the U.S. or the District of Columbia, issued as of a recent date by the Secretary of State
or other appropriate official of such Additional Obligor’s jurisdiction of incorporation or organisation. 

  

	4.	A copy of a resolution of the board of directors (or its equivalent in the relevant jurisdiction) of the Additional Obligor: 

  

	 	(a)	approving the terms of, and the transactions contemplated by, the Accession Letter and the Finance Documents and resolving that it execute the Accession Letter; 

 

	 	(b)	in the case of a Belgian Additional Guarantor, setting out the reasons why the board of directors or managers of that Additional Guarantor considered that the entry into this Agreement, and in particular the assumption
of its guarantee obligations in accordance with Clause 26 (Guarantee and Indemnity) is of benefit to that Additional Guarantor. 

  

	 	(c)	authorising a specified person or persons to execute the Accession Letter on its behalf; and 

  

	 	(d)	authorising a specified person or persons, on its behalf, to sign and/or despatch all other documents and notices (including, in relation to an Additional Borrower, any Utilisation Request ) to be signed and/or
despatched by it under or in connection with the Finance Documents. 

  

	5.	A specimen of the signature of each person authorised by the resolution referred to in paragraph 4 above. 

  

	6.	If applicable in its jurisdiction of incorporation, a copy of a resolution signed by all the holders of the issued shares of the Additional Guarantor, approving the terms of, and the transactions contemplated by, the
Finance Documents to which the Additional Guarantor is a party. 

  

	7.	In the case of a Belgian Additional Obligor which is a naamloze vennootschap, a copy of a relation of the shareholders meeting, or of a written resolution of all shareholders of such Belgian Additional Obligor
approving Clauses 16.2 (Change of control) and 30.5 (Merger) together with evidence that an extract of such resolution has been filed with the clerk of the corporate commercial court in accordance with Article 556 of the Belgian
Company Code. 

  

	8.	A certificate of the Additional Obligor (signed by a director) confirming that borrowing or guaranteeing, as appropriate, the Total Commitments would not cause any borrowing, guaranteeing or similar limit binding on it
to be exceeded. 

  
 - 162 - 

	9.	A certificate of an authorised signatory of the Additional Obligor certifying that each copy document listed in this Part II of Schedule 2 is correct, complete and in full force and effect as at a date no earlier than
the date of the Accession Letter. 

  

	10.	A copy of any other Authorisation or other document, opinion or assurance which the Agent considers to be necessary or desirable in connection with the entry into and performance of the transactions contemplated by the
Accession Letter or for the validity and enforceability of any Finance Document. 

  

	11.	If available, the latest audited financial statements of the Additional Obligor. 

  

	12.	A legal opinion of Clifford Chance LLP, legal advisers to the Arranger and the Agent in England. 

  

	13.	If the Additional Obligor is incorporated in a jurisdiction other than England and Wales, a legal opinion of the legal advisers to the Arranger and the Agent in the jurisdiction in which the Additional Obligor is
incorporated. 

  

	14.	If the proposed Additional Obligor is incorporated in a jurisdiction other than England and Wales, evidence that the agent for service of process specified in Clause 49.2 (Service of process), if not an Obligor,
has accepted its appointment in relation to the proposed Additional Obligor. 

  

	15.	A certificate in form and substance satisfactory to the Agent of the director of finance or other appropriate person of each Additional Obligor as to the solvency of such Additional Obligor. 

  
 - 163 - 

 SCHEDULE 3 

REQUESTS 
 PART I

 UTILISATION REQUEST - REVOLVING FACILITY LOANS 
  

			
	From:	  	[name of relevant Borrower]
		
	To:	  	[Agent]
		
	Dated:	  	
		
	Dear Sirs	  	

 WABCO HOLDINGS INC. USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “Agreement”) 

 

	1.	We refer to the Agreement. This is a Utilisation Request. Terms defined in the Agreement have the same meaning in this Utilisation Request unless given a different meaning in this Utilisation Request. 

 

	2.	We wish to borrow a Revolving Facility Loan on the following terms: 

  

			
	Proposed Utilisation Date:	  	[●] (or, if that is not a Business Day, the next Business Day)
		
	Currency of Revolving Facility Loan:	  	[●]
		
	Amount:	  	[●] or, if less, the Available Facility
		
	Interest Period:	  	[●]

  

	3.	We confirm that each condition specified in Clause 4.2 (Further conditions precedent) is satisfied on the date of this Utilisation Request. 

 

	4.	The proceeds of this Revolving Facility Loan should be credited to [account]. 

  

	5.	This Utilisation Request is irrevocable. 

 Yours faithfully 

authorised signatory for 
 [name
of relevant Borrower] 

  
 - 164 - 

 PART II 

UTILISATION REQUEST - DOLLAR SWINGLINE LOANS 
  

			
	From:	  	[name of relevant Borrower]
		
	To:	  	[Dollar Swingline Agent]
		
	CC:	  	[Dollar Swingline Lender] [Agent]
		
	Dated:	  	
		
	Dear Sirs	  	

 WABCO HOLDINGS INC. USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “Agreement”) 

 

	1.	We refer to the Agreement. This is a Utilisation Request. Terms defined in the Agreement have the same meaning in this Utilisation Request unless given a different meaning in this Utilisation Request. 

 

	2.	We wish to borrow a Dollar Swingline Loan on the following terms: 

  

			
	Proposed Utilisation Date:	  	[●] (or, if that is not a New York Business Day, the next New York Business Day)
		
	Facility to be utilised:	  	Dollar Swingline Facility
		
	Amount:	  	USD [●] or, if less, the Available Dollar Swingline Facility
		
	Interest Period:	  	[●]

  

	3.	We confirm that each condition specified in paragraph (b) of Clause 9.3 (Dollar Swingline Loan conditions) is satisfied on the date of this Utilisation Request. 

 

	4.	The proceeds of this Dollar Swingline Loan should be credited to [account]. 

  

	5.	This Utilisation Request is irrevocable. 

 Yours faithfully 

authorised signatory for 
 [name
of relevant Borrower] 

  
 - 165 - 

 PART III 

UTILISATION REQUEST - EURO SWINGLINE LOANS 
  

			
	From:	  	[name of relevant Borrower]
		
	To:	  	[Euro Swingline Agent]
		
	CC:	  	[Euro Swingline Lender] [Agent]
		
	Dated:	  	
		
	Dear Sirs	  	

 WABCO HOLDINGS INC. USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “Agreement”) 

 

	1.	We refer to the Agreement. This is a Utilisation Request. Terms defined in the Agreement have the same meaning in this Utilisation Request unless given a different meaning in this Utilisation Request. 

 

	2.	We wish to borrow a Euro Swingline Loan on the following terms: 

  

			
	Proposed Utilisation Date:	  	[●] (or, if that is not a TARGET Day, the next TARGET Day)
		
	Facility to be utilised:	  	Euro Swingline Facility
		
	Amount:	  	Euro[●] or, if less, the Available Euro Swingline Facility
		
	Interest Period:	  	[●]

  

	3.	We confirm that each condition specified in paragraph (b) of Clause 12.3 (Euro Swingline Loan conditions) is satisfied on the date of this Utilisation Request. 

 

	4.	The proceeds of this Euro Swingline Loan should be credited to [account]. 

  

	5.	This Utilisation Request is irrevocable. 

 Yours faithfully 

authorised signatory for 
 [name
of relevant Borrower] 

  
 - 166 - 

 PART IV 

UTILISATION REQUEST - LETTERS OF CREDIT 
  

			
	From:	  	[Borrower]
		
	To:	  	[Agent]
		
	CC:	  	[Issuing Bank]
		
	Dated:	  	
		
	Dear Sirs	  	

 WABCO Holdings Inc. – USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “Agreement”) 

 

	1.	We wish to arrange for a [renewal of a] [Letter of Credit] to be issued by the Issuing Bank on the following terms: 

  

			
	Proposed Utilisation Date	  	[●] (or, if that is not a Business Day, the next Business Day)
		
	Currency of Letter of Credit	  	[●]
		
	Amount:	  	[●] or, if less, the Available Facility
		
	[Ultimate] Beneficiary:	  	[●]
		
	[Correspondent Bank]:	  	[●]
		
	Term or Expiry Date:	  	[●]
		
	Description of underlying transaction:	  	[●]

  

	2.	[This is a Renewal Request]. 

  

	3.	We confirm that each condition specified in paragraph (b) of Clause 6.6 (Issue of Letters of Credit) is satisfied on the date of this Utilisation Request. 

 

	4.	We attach a copy of the proposed Letter of Credit. 

  

	5.	This Utilisation Request is irrevocable. 

 Delivery Instructions: 

[specify delivery instructions] 
  

					
		 	Yours faithfully	 	
			
		 	  
	 	
		 	Authorised signatory for	 	
		 	[name of relevant Borrower]	 	

  
 - 167 - 

 SCHEDULE 4 

FORM OF TRANSFER CERTIFICATE 
  

			
	To:	  	[●] as Agent
		
	From:	  	[The Existing Lender] (the “Existing Lender”) and [The New Lender] (the “New Lender”)
		
	Dated:	  	

 WABCO HOLDINGS INC. – USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “Agreement”) 

 

	1.	We refer to the Agreement. This is a Transfer Certificate. Terms defined in the Agreement have the same meaning in this Transfer Certificate unless given a different meaning in this Transfer Certificate.

  

	2.	We refer to Clause 32.5 (Procedure for transfer): 

  

	 	(a)	The Existing Lender and the New Lender agree to the Existing Lender transferring to the New Lender by novation, and in accordance with Clause 32.5 (Procedure for transfer), all of the Existing Lender’s
rights and obligations under the Agreement and other Finance Documents which relate to that portion of the Existing Lender’s Commitment and participations in Loans under the Agreement as specified in the Schedule. 

 

	 	(b)	The proposed Transfer Date is [●]. 

  

	 	(c)	The Facility Office and address, fax number and attention details for notices of the New Lender for the purposes of Clause 39.2 (Addresses) are set out in the Schedule. 

 

	3.	The New Lender expressly acknowledges the limitations on the Existing Lender’s obligations set out in paragraph (c) of Clause 32.4 (Limitation of responsibility of Existing Lenders).

  

	4.	The benefit of each security document granted in favour of the Existing Lender under or in connection with the Finance Documents shall be maintained in favour of the New Lender, without prejudice to paragraph
(a) of Clause 32.4 (Limitation of responsibility of Existing Lenders). 

  

	5.	This Transfer Certificate may be executed in any number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of this Transfer Certificate. 

 

	6.	This Transfer Certificate and any non-contractual obligations arising out of or in connection with it are governed by English law. 

  

	7.	This Transfer Certificate has been entered into on the date stated at the beginning of this Transfer Certificate. 

  
 - 168 - 

 THE SCHEDULE 

Commitment/rights and obligations to be transferred 

[insert relevant details] 

[Facility Office address, fax number and attention details for notices and account details for payments,] 

 

			
	[Existing Lender]	  	[New Lender]
		
	By:	  	By:

 This Transfer Certificate is accepted by the Agent and the Transfer Date is confirmed as [●]. 

[Agent] 
 By: 

  
 - 169 - 

 SCHEDULE 5 

FORM OF ASSIGNMENT AGREEMENT 
  

			
	To:	  	Citibank International Limited as Agent and WABCO Holdings, Inc. as Company, for and on behalf of each Obligor
		
	From:	  	[the Existing Lender] (the “Existing Lender”) and [the New Lender] (the “New Lender”)
		
	Dated:	  	

 WABCO HOLDINGS INC. – USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “Agreement”) 

 

	1.	We refer to the Agreement. This is an Assignment Agreement. Terms defined in the Agreement have the same meaning in this Assignment Agreement unless given a different meaning in this Assignment Agreement.

  

	2.	We refer to Clause 32.6 (Procedure for assignment): 

  

	 	(a)	The Existing Lender assigns absolutely to the New Lender all the rights of the Existing Lender under the Agreement and the other Finance Documents which relate to that portion of the Existing Lender’s Commitments
and participations in Loans under the Agreement as specified in the Schedule. 

  

	 	(b)	The Existing Lender is released from all the obligations of the Existing Lender which correspond to that portion of the Existing Lender’s Commitments and participations in Loans under the Agreement specified in the
Schedule. 

  

	 	(c)	The New Lender becomes a Party as a Lender and is bound by obligations equivalent to those from which the Existing Lender is released under paragraph (b) above. 

 

	3.	The proposed Transfer Date is [●]. 

  

	4.	On the Transfer Date the New Lender becomes Party to the Finance Documents as a Lender. 

  

	5.	The Facility Office and address, fax number and attention details for notices of the New Lender for the purposes of Clause 39.2 (Addresses) are set out in the Schedule. 

 

	6.	The New Lender expressly acknowledges the limitations on the Existing Lender’s obligations set out in paragraph (c) of Clause 32.4 (Limitation of responsibility of Existing Lenders). 

 

	7.	This Assignment Agreement acts as notice to the Agent (on behalf of each Finance Party) and, upon delivery in accordance with Clause 32.8 (Copy documents to Company), to the Company (on behalf of each Obligor) of
the assignment referred to in this Assignment Agreement. 

  
 - 170 - 

	8.	In the absence of express provision, security passes together with an assignment (Art. 1692 of the Belgian Civil Code), but not together with a novation (Art. 1278 of the Belgian Civil Code). 

 

	9.	This Assignment Agreement may be executed in any number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of this Assignment Agreement. 

 

	10.	This Assignment Agreement and any non-contractual obligations arising out of or in connection with it are governed by English law. 

  

	11.	This Assignment Agreement has been entered into on the date stated at the beginning of this Assignment Agreement. 

  
 - 171 - 

 THE SCHEDULE 

Rights to be assigned and obligations to be released and undertaken 

[insert relevant details] 

[Facility office address, fax number and attention details for notices and account details for payments] 

 

			
	[Existing Lender]	  	[New Lender]
		
	By:	  	By:

 This Assignment Agreement is accepted by the Agent and the Transfer Date is confirmed as [●]. 

Signature of this Assignment Agreement by the Agent constitutes confirmation by the Agent of receipt of notice of the assignment referred to herein, which
notice the Agent receives on behalf of each Finance Party. 
 [Agent] 

By: 

  
 - 172 - 

 SCHEDULE 6 

FORM OF ACCESSION LETTER 
  

			
	To:	  	Citibank International Limited as Agent
		
	From:	  	[Subsidiary] and WABCO HOLDINGS INC.

 Dated: 
 Dear Sirs 

WABCO HOLDINGS INC. – USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “Agreement”) 

 

	1.	We refer to the Agreement. This is an Accession Letter. Terms defined in the Agreement have the same meaning in this Accession Letter unless given a different meaning in this Accession Letter. 

 

	2.	[Subsidiary] agrees to become an Additional [Borrower]/[Guarantor] and to be bound by the terms of the Agreement as an Additional [Borrower]/[Guarantor] pursuant to Clause [33.2 (Additional
Borrowers)]/[Clause 33.4 (Additional Guarantors)] of the Agreement. [Subsidiary] is a company duly incorporated under the laws of [name of relevant jurisdiction]. 

 

	3.	[Subsidiary’s] administrative details are as follows: 

 Address: 

Fax No: 
 Attention: 

 

	4.	This Accession Letter and any non-contractual obligations arising out of or in connection with it are governed by English law. 

This Accession Letter is entered into by deed. 
  

			
	WABCO HOLDINGS INC.	  	[Subsidiary]
		
	By:	  	By:

  
 - 173 - 

 SCHEDULE 7 

FORM OF RESIGNATION LETTER 
  

			
	To:	  	Citibank International Limited as Agent
		
	From:	  	[resigning Obligor] and WABCO HOLDINGS INC.

 Dated: 
 Dear Sirs 

WABCO HOLDINGS INC. – USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “Agreement”) 

 

	1.	We refer to the Agreement. This is a Resignation Letter. Terms defined in the Agreement have the same meaning in this Resignation Letter unless given a different meaning in this Resignation Letter. 

 

	2.	Pursuant to [Clause 33.3 (Resignation of a Borrower)]/[Clause 33.6 (Resignation of a Guarantor)], we request that [resigning Obligor] be released from its obligations as a [Borrower]/[Guarantor]
under the Agreement. 

  

	3.	We confirm that no Default is continuing or would result from the acceptance of this request. 

  

	4.	This Resignation Letter and any non-contractual obligations arising out of or in connection with it are governed by English law. 

  

			
	WABCO HOLDINGS INC.	  	[Subsidiary]
		
	By:	  	By:

  
 - 174 - 

 SCHEDULE 8 

FORM OF COMPLIANCE CERTIFICATE 
  

			
	To:	  	Citibank International Limited as Agent
		
	From:	  	WABCO HOLDINGS INC.

 Dated: 
 Dear Sirs 

WABCO HOLDINGS INC. – USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “ Agreement”) 

 

	1.	We refer to the Agreement. This is a Compliance Certificate. Terms defined in the Agreement have the same meaning when used in this Compliance Certificate unless given a different meaning in this Compliance Certificate.

  

	2.	We confirm that as at [relevant test date]: 

  

	 	(a)	Consolidated Net Indebtedness of the Company was [x] and the Consolidated EBITDA of the Company was [x]; the ratio of Consolidated Net Indebtedness to Consolidated EBITDA was therefore [x:x];

  

	 	(b)	the Consolidated EBITDA of the Company was [x] and the Consolidated Net Interest Expense of the Company was [x]; the ratio of Consolidated EBITDA to Consolidated Net Interest Expense was therefore
[x:x]; and 

  

	 	(c)	the Subsidiaries of the Company had USD[x] of outstanding Indebtedness in aggregate, of which the total principal amount secured was USD[x]. 

 

	3.	We set out below calculations establishing the figures in paragraph 2 above: 

 [●] 

 

	4.	[We confirm that no Default is continuing.] 

  

									
	Signed:	 		 		 	
				
		 	 Financial Officer
 of

Company
	 		 	
			
	[insert applicable certification language]	 		 	
					
		 		 	  
	 		 	
		 		 	for and on behalf of	 		 	
		 		 	[name of auditors of the Company]	 		 	

  
 - 175 - 

 NOTES: 
  

	*	If this statement cannot be made, the certificate should identify any Default that is continuing and the steps, if any, being taken to remedy it. 

  
 - 176 - 

 SCHEDULE 9 

LMA FORM OF CONFIDENTIALITY UNDERTAKING 

THIS MASTER CONFIDENTIALITY UNDERTAKING is dated [●] and made between: 
  

	(1)	[●]; and 

  

	(2)	[●]. 

 Either party (in this capacity the “Purchaser”) may from time to time consider
acquiring an interest from the other party (in this capacity the “Seller”) in the Agreement which, subject to the Agreement, may be by way of novation, assignment, the entering into, whether directly or indirectly, of a
sub-participation or any other transaction under which payments are to be made or may be made by reference to one or more relevant Finance Documents and/or one or more relevant Obligors or by way of investing in or otherwise financing, directly or
indirectly, any such novation, assignment, sub-participation or other transaction (each an “Acquisition”). In consideration of the Seller agreeing to make available to the Purchaser certain information in relation to each
Acquisition it is agreed as follows: 
  

	1.	CONFIDENTIALITY UNDERTAKING 

 The Purchaser undertakes in relation to each Acquisition made or
which may be made by it (a) to keep all Confidential Information which the Seller supplies to the Purchaser in relation to that Acquisition confidential and not to disclose it to anyone, save to the extent permitted by paragraph 2 below and to
ensure that all Confidential Information which the Seller supplies to the Purchaser in relation to that Acquisition is protected with security measures and a degree of care that would apply to the Purchaser’s own confidential information and
(b) until that Acquisition is completed, to use the Confidential Information which the Seller supplies to the Purchaser in relation to that Acquisition only for the Permitted Purpose. 

 

	2.	PERMITTED DISCLOSURE 

 The Purchaser may disclose in relation to each Acquisition made or which
may be made by it: 
  

	2.1	to any of its Affiliates and any of its or their officers, directors, employees, professional advisers and auditors such Confidential Information as the Purchaser shall consider appropriate if any person to whom such
Confidential Information is to be given pursuant to this paragraph 2.1 is informed in writing of its confidential nature and that some or all of such Confidential Information may be price-sensitive information except that there shall be no such
requirement to so inform if the recipient is subject to professional obligations to maintain the confidentiality of the information or is otherwise bound by requirements of confidentiality in relation to such Confidential Information;

  

	2.2	subject to the requirements of the relevant Agreement, to any person: 

  

	 	(a)	 to (or through) whom the Purchaser assigns or transfers (or may potentially assign or transfer) all or any of its rights and/or obligations which it
may acquire under that Agreement such Confidential Information which the Seller 

  
 - 177 - 

	 	
supplies to the Purchaser in relation to that Acquisition as the Purchaser shall consider appropriate if the person to whom such Confidential Information is to be given pursuant to this paragraph
(a) has delivered a letter to the Purchaser in equivalent form to this undertaking; 

  

	 	(b)	with (or through) whom the Purchaser enters into (or may potentially enter into) any sub-participation in relation to, or any other transaction under which payments are to be made or may be made by reference to that
Agreement or any relevant Obligor such Confidential Information which the Seller supplies to the Purchaser in relation to that Acquisition as the Purchaser shall consider appropriate if the person to whom such Confidential Information is to be given
pursuant to this paragraph (b) has delivered a letter to the Purchaser in equivalent form to this undertaking; 

  

	 	(c)	to whom information is required or requested to be disclosed by any governmental, banking, taxation or other regulatory authority or similar body, the rules of any relevant stock exchange or pursuant to any applicable
law or regulation such Confidential Information which the Seller supplies to the Purchaser in relation to that Acquisition as the Purchaser shall consider appropriate; and 

 

	2.3	notwithstanding paragraphs 2.1 and 2.2 above, Confidential Information to such persons to whom, and on the same terms as, a Finance Party is permitted to disclose such Confidential Information under the Agreement to
which that Acquisition relates, as if such permissions were set out in full in this undertaking for the purposes of that Acquisition and as if references in those permissions to Finance Party were references to the Purchaser for the purposes of that
Acquisition. 

  

	3.	NOTIFICATION OF DISCLOSURE 

 The Purchaser agrees in relation to each Acquisition made or which
may be made by it (to the extent permitted by law and regulation) to inform the Seller: 
  

	3.1	of the circumstances of any disclosure of Confidential Information made pursuant to paragraph 2.2(c) above except where such disclosure is made to any of the persons referred to in that paragraph during the ordinary
course of its supervisory or regulatory function; and 

  

	3.2	upon becoming aware that Confidential Information relating to that Acquisition has been disclosed in breach of this undertaking. 

  

	4.	RETURN OF COPIES 

 If the Purchaser does not enter into an Acquisition and the Seller so
requests in writing, the Purchaser shall return or destroy all Confidential Information supplied to the Purchaser by the Seller in relation to that Acquisition and destroy or permanently erase (to the extent technically practicable) all copies of
such Confidential Information made by the Purchaser and use its reasonable endeavours to ensure that anyone to whom the Purchaser has supplied any such Confidential Information destroys or permanently erases (to the extent technically practicable)
such Confidential Information and any copies made by them, in each case save to the 

  
 - 178 - 

 
extent that the Purchaser or the recipients are required to retain any such Confidential Information by any applicable law, rule or regulation or by any competent judicial, governmental,
supervisory or regulatory body or in accordance with internal policy, or where the Confidential Information has been disclosed under paragraph 2.2(c) above. 
  

	5.	CONTINUING OBLIGATIONS 

 The obligations in this undertaking are continuing and, in particular,
shall survive and remain binding on the Purchaser in relation to each Acquisition made or which may be made by it until (a) if the Purchaser becomes a party to the Agreement to which that Acquisition relates as a lender of record, the date on
which the Purchaser becomes such a party to such Agreement; (b) if the Purchaser enters into that Acquisition but it does not result in the Purchaser becoming a party to the Agreement to which that Acquisition relates as a lender of record, the
date falling twelve months after the date on which all of the Purchaser’s rights and obligations contained in the documentation entered into to implement that Acquisition have terminated; or (c) in any other case the date falling twelve
months after the date of the Purchaser’s final receipt (in whatever manner) of any Confidential Information in relation to that Acquisition. 
  

	6.	NO REPRESENTATION; CONSEQUENCES OF BREACH, ETC 

 The Purchaser acknowledges and agrees that, in
relation to each Acquisition made or which may be made by it: 
  

	6.1	neither the Seller, nor any member of the relevant Group nor any of the Seller’s or the relevant Group’s respective officers, employees or advisers (each a “Relevant Person”) (i) make any
representation or warranty, express or implied, as to, or assume any responsibility for, the accuracy, reliability or completeness of any of the Confidential Information supplied by the Seller to the Purchaser in relation to that Acquisition or any
other information supplied by the Seller to the Purchaser in relation to that Acquisition or the assumptions on which it is based or (ii) shall be under any obligation to update or correct any inaccuracy in the Confidential Information supplied
by the Seller to the Purchaser in relation to that Acquisition or any other information supplied by the Seller to the Purchaser in relation to that Acquisition or be otherwise liable to the Purchaser or any other person in respect of the
Confidential Information supplied by the Seller to the Purchaser in relation to that Acquisition or any such information; and 

  

	6.2	the Seller or members of the relevant Group may be irreparably harmed by the breach of the terms of this undertaking and damages may not be an adequate remedy; each Relevant Person may be granted an injunction or
specific performance for any threatened or actual breach of the provisions of this undertaking by the Purchaser. 

  

	7.	ENTIRE AGREEMENT: NO WAIVER; AMENDMENTS, ETC 

  

	7.1	This undertaking constitutes the entire agreement between the Seller and the Purchaser in relation to the Purchaser’s obligations regarding Confidential Information and supersedes any previous agreement, whether
express or implied, regarding Confidential Information. 

  
 - 179 - 

	7.2	No failure to exercise, nor any delay in exercising any right or remedy under this undertaking will operate as a waiver of any such right or remedy or constitute an election to affirm this letter. No election to affirm
this letter will be effective unless it is in writing. No single or partial exercise of any right or remedy will prevent any further or other exercise or the exercise of any other right or remedy under this undertaking. 

 

	7.3	The terms of this undertaking and the Purchaser’s obligations under this undertaking may only be amended or modified by written agreement between the parties. 

 

	8.	INSIDE INFORMATION 

 The Purchaser acknowledges that some or all of the Confidential Information
is or may be price-sensitive information and that the use of such information may be regulated or prohibited by applicable legislation including securities law relating to insider dealing and market abuse and the Purchaser undertakes not to use any
Confidential Information for any unlawful purpose. 
  

	9.	NATURE OF UNDERTAKINGS 

 The undertakings given by the Purchaser in this undertaking are given
to the Seller and are also given for the benefit of the relevant Company and each other member of the relevant Group. 
  

	10.	THIRD PARTY RIGHTS 

  

	10.1	Subject to this paragraph 10 and to paragraphs 6 and 9, a person who is not a party to this undertaking has no right under the Contracts (Rights of Third Parties) Act 1999 (the “Third Parties Act”) to
enforce or to enjoy the benefit of any term of this undertaking. 

  

	10.2	The Relevant Persons may enjoy the benefit of the terms of paragraphs 6 and 9 subject to and in accordance with this paragraph 10 and the provisions of the Third Parties Act. 

 

	10.3	Notwithstanding any provisions of this undertaking, the parties to this undertaking do not require the consent of any Relevant Person to rescind or vary this undertaking at any time. 

 

	11.	GOVERNING LAW AND JURISDICTION 

  

	11.1	This undertaking and any non-contractual obligations arising out of or in connection with it (including any non-contractual obligations arising out of the negotiation of any Acquisition) are governed by English law.

  

	11.2	The courts of England have non-exclusive jurisdiction to settle any dispute arising out of or in connection with this undertaking (including a dispute relating to any non-contractual obligation arising out of or in
connection with either this undertaking or the negotiation of any Acquisition). 

  
 - 180 - 

	12.	DEFINITIONS 

 In this undertaking terms defined in the relevant Agreement (as defined below)
shall, unless the context otherwise requires, have the same meaning and: 
 “Agreement” means the USD400,000,000 facility
agreement dated 8 July 2011 as amended pursuant to an amendment and restatement agreement dated [●] 2015 between, amongst others, Citibank International Limited as agent, certain financial institutions named therein as lenders and WABCO
Holdings Inc. 
 “Company” means WABCO Holdings Inc. 

“Confidential Information” means, in relation to each Acquisition, all information relating to the Company, any Obligor, the
Group, the relevant Finance Documents, the Facility and/or that Acquisition which is received by the Purchaser in relation to the relevant Finance Documents or the relevant Facility from the Seller or any of its affiliates or advisers, in whatever
form, and includes information given orally and any document, electronic file or any other way of representing or recording information which contains or is derived or copied from such information but excludes information that: 

 

	 	(a)	is or becomes public information other than as a direct or indirect result of any breach by the Purchaser of this undertaking; or 

  

	 	(b)	is identified in writing at the time of delivery as non-confidential by the Seller or its advisers; or 

  

	 	(c)	is known by the Purchaser before the date the information is disclosed to the Purchaser by the Seller or any of its affiliates or advisers or is lawfully obtained by the Purchaser after that date, from a source which
is, as far as the Purchaser is aware, unconnected with the relevant Group and which, in either case, as far as the Purchaser is aware, has not been obtained in breach of, and is not otherwise subject to, any obligation of confidentiality.

 “Permitted Purpose” means, in relation to each Acquisition, considering and evaluating whether to enter
into that Acquisition. 
 This undertaking has been entered into on the date stated at the beginning of this undertaking 

  
 - 181 - 

 SCHEDULE 10 

TIMETABLES 
 All times referred to in this
Schedule 10 are London time unless otherwise specified. 
  

							
	 	  	Loans in euro	  	Loans in US	  	Loans in other
	 	  	 	  	Dollars	  	currencies
	Agent confirms to Company if a currency is approved as an Optional Currency in accordance with paragraph (b) of Clause 4.3 (Conditions relating to Optional Currencies)	  	—  	  	—  	  	U-5
				
	Delivery of a duly completed Utilisation Request (Clause 5.1 (Delivery of a Utilisation Request))	  	 U-3
  

9.30am
	  	 U-3
  

9.30am
	  	 U-4
  

9.30am

				
	Agent determines (in relation to a Utilisation) the Base Currency Amount of the Loan, if required under Clause 5.4 (Lenders’ participation)	  	 U-3
  

Noon
	  	—  	  	 U-4
  

Noon

				
	Agent notifies the Lenders of the Loan in accordance with Clause 5.4 (Lenders’ participation)	  	 U-3
  

3.00pm
	  	 U-3
  

3.00pm
	  	 U-4
  

3.00pm

				
	Agent receives a notification from a Lender under Clause 14.2 (Unavailability of a currency)	  	 Quotation Day
  

10.00am
	  	 Quotation Day
  

10.00am
	  	 Quotation Day
  

10.00am

				
	Agent gives notice in accordance with Clause 14.2 (Unavailability of a currency)	  	 Quotation Day
  

10.30am
	  	 Quotation Day
  

10.30am
	  	 Quotation Day
  

10.30am

				
	LIBOR or EURIBOR is fixed	  	 Quotation Day

11:00 a.m.
 Brussels time
	  	 Quotation Day

11:00 a.m.
	  	 Quotation Day

11:00 a.m.

				
	Benchmark Rate is fixed for a Loan in a Non-LIBOR Currency	  	—  	  	—  	  	As specified in respect of that currency in Schedule 18 (Other Benchmarks)

  
 - 182 - 

							
	 	  	Loans in euro	  	Loans in US	  	Loans in other
	 	  	 	  	Dollars	  	currencies
				
	Each Lender to make its participation in a Loan available in accordance with Clause 5.4 (Lenders’ Participation)	  	U 2:00 p.m.	  	U 2:00 p.m.	  	U 2:00 p.m.
				
	Reference Bank Rate is calculated by reference to available quotations in accordance with Clause 19.2 (Calculation of Reference Bank Rate)	  	 Quotation Day

11.30 a.m.
 (Brussels time)
	  	Noon on the Quotation Day	  	Noon on the Quotation Day in respect of LIBOR and as specified as such in respect of the relevant currency in Schedule 18 (Other Benchmarks) in respect of a Benchmark Rate

 “U” = date of utilisation 

“U - X” = Business Days prior to date of utilisation 

  
 - 183 - 

 SWINGLINE LOANS 
  

									
	 	  	Dollar	  	 	  	Euro	  	 
	 	  	Swingline	  	 	  	Swingline	  	 
	 	  	Loans	  	Dollar	  	Loans	  	Euro
	 	  	(other than	  	Swingline	  	(other than	  	Swingline
	 	  	to a	  	Loans to a	  	to a	  	Loans to a
	 	  	Borrower	  	Borrower	  	Borrower	  	Borrower
	 	  	in	  	in	  	in	  	in
	 	  	Singapore)	  	Singapore	  	Singapore)	  	Singapore
					
	Delivery of a duly completed Utilisation Request for a Dollar Swingline Loan (Clause 9.1 (Delivery of a Utilisation Request for Dollar Swingline Loans))	  	 U
  

12:00 noon
  

(New York time)
	  	 U - 1
  

12:00 noon
  

(New York time)
	  		  	
					
	Dollar Swingline Agent determines Federal Funds Rate under Clause 10.4 (Interest)	  	 U
  

1:00pm
  

(New York time)
	  	 U - 1
  

1:00pm
  

(New York time)
	  		  	
					
	Dollar Swingline Agent notifies the Dollar Swingline Lender and the other Lenders of the amount of the Dollar Swingline Loan in accordance with paragraph (c) of Clause 9.3 (Dollar Swingline Loan conditions)	  	 U
  

2:00pm
  

(New York time)
	  	 U
  

2:00pm
  

(New York time)
	  		  	
					
	Dollar Swingline Lender notifies the Dollar Swingline Agent that it requires the Lenders to fund its participation in a Dollar Swingline Loan pursuant to Clause 10.1 (Dollar Swingline Loan participation)	  	 N 9:00am

(New York time)
	  	 N 9:00am

(New York time)
	  		  	
					
	Dollar Swingline Agent notifies the Lenders of the requirement to participate in a Dollar Swingline Loan pursuant to Clause 10.1 (Dollar Swingline Loan participation)	  	 N 11:00 a.m.

(New York time)
	  	 N 11:00 a.m.

(New York time)
	  		  	
					
	Each Lender to make its participation in a Dollar Swingline Loan available pursuant to Clause 10.1 (Dollar Swingline Loan Participation)	  	 N 3:00pm

(New York time)
	  	 N + 2

9:00am
 (New York time)
	  		  	

  
 - 184 - 

									
	 	  	Dollar	  	 	  	Euro	  	 
	 	  	Swingline	  	 	  	Swingline	  	 
	 	  	Loans	  	Dollar	  	Loans	  	Euro
	 	  	(other than	  	Swingline	  	(other than	  	Swingline
	 	  	to a	  	Loans to a	  	to a	  	Loans to a
	 	  	Borrower	  	Borrower	  	Borrower	  	Borrower
	 	  	in	  	in	  	in	  	in
	 	  	Singapore)	  	Singapore	  	Singapore)	  	Singapore
					
	Delivery of a duly completed Utilisation Request for a Euro Swingline Loan (Clause 12.1 (Delivery of a Utilisation Request for Euro Swingline Loans))	  		  		  	U 11:00am	  	 U - 1

11:00am

					
	Euro Swingline Agent determines the Euro Swingline rate for the Euro Swingline Loan and notifies the Euro Swingline Lender and the relevant Borrower under Clause 13.4 (Interest)	  		  		  	U 1.00pm	  	 U - 1

1.00pm

					
	Euro Swingline Agent determines (in relation to a Utilisation) the Base Currency Amount of the Euro Swingline Loan, if required under Clause 12.3 (Euro Swingline Loan conditions) and notifies the Euro Swingline Lender and the
other Lenders of the amount of the Euro Swingline Loan in accordance with paragraph (c) of Clause 12.3 (Euro Swingline Loan conditions)	  		  		  	U 2:00pm	  	U 2:00pm
					
	Euro Swingline Lender notifies the Euro Swingline Agent that it requires the Lenders to fund its participation in a Euro Swingline Loan pursuant to Clause 13.1 (Euro Swingline Loan participation)	  		  		  	N 9.00am	  	N 9.00am
					
	Euro Swingline Agent notifies the Lenders of the requirement to participate in a Euro Swingline Loan pursuant to Clause 13.1 (Euro Swingline Loan participation)	  		  		  	 N 12.00

noon
	  	N 3.00pm
					
	Each Lender to make its participation in a Euro Swingline Loan available pursuant to Clause 13.1 (Euro Swingline Loan participation)	  		  		  	N 2:00pm	  	 N + 2

9:00am

  
 - 185 - 

 “U” = date of utilisation 

“U - X” = Business Days prior to date of utilisation 

“N” = the date a Swingline Lender gives notice to the relevant Swingline Agent that it requires the Lenders to fund its participation in a Swingline
Loan 
 “N + X” = Business Days after the date a Swingline Lender gives notice to the relevant Swingline Agent that it requires the Lenders to
fund its participation in a Swingline Loan 

  
 - 186 - 

 LETTERS OF CREDIT 

 

			
	 	  	    Letters of Credit    
	Delivery of a duly completed Utilisation Request (Clause 6.3 (Delivery of a Utilisation Request for Letters of Credit))	  	 U-3 
 9.30 am

		
	Agent determines (in relation to a Utilisation) the Base Currency Amount of the Letter of Credit, if required under paragraph (d) of Clause 6.6 (Issue of Letters of Credit) and notifies the Issuing Bank and the Lenders
of the Letter of Credit in accordance with paragraph (d) of Clause 6.6 (Issue of Letters of Credit)	  	 U-1 
 Noon

		
	Delivery of a duly completed Renewal Request (Clause 6.7 (Renewal of a Letter of Credit))	  	 U-3 
 9.30 am

 “U” = date of utilisation or, in the case of a Letter of Credit to be renewed in accordance with Clause 6.7
(Renewal of a Letter of Credit), the first day of the proposed term of the renewed Letter of Credit. 
 “U - X” = Business Days prior to
date of utilisation 

  
 - 187 - 

 SCHEDULE 11 

FORM OF LETTER OF CREDIT 
 To:
[Beneficiary] 
 (the “Beneficiary”) 

[Date] 
 Irrevocable
Letter of Credit no. [●] 
 At the request of [●], Citibank, N.A., London Branch (the “Issuing Bank”) issues
this irrevocable letter of credit (“Letter of Credit”) in your favour on the following terms and conditions: 
  

	1.	Definitions  

 In this Letter of Credit: 

“Business Day” means a day (other than a Saturday or a Sunday) on which banks are open for general business in London and New
York. 
 “Demand” means a demand for a payment under this Letter of Credit in the form of the schedule to this Letter of
Credit. 
 “Expiry Date” means [●]. 

“Facility Agreement” means the USD400,000,000 revolving facility agreement dated 8 July 2011 (as amended from time to
time) between, among others, Citibank International Limited as agent, the Issuing Bank and WABCO Holdings, Inc. 
 “Total L/C
Amount” means [●]. 
  

	2.	Issuing Bank’s agreement  

  

	 	(a)	The Beneficiary may request a drawing or drawings under this Letter of Credit by giving to the Issuing Bank a duly completed Demand. A Demand must be received by the Issuing Bank by [●] p.m. ([London] time) on the
Expiry Date. 

  

	 	(b)	Subject to the terms of this Letter of Credit, the Issuing Bank unconditionally and irrevocably undertakes to the Beneficiary that, within [ten] Business Days of receipt by it of a Demand, it must pay to the Beneficiary
the amount demanded in that Demand. 

  

	 	(c)	The Issuing Bank will not be obliged to make a payment under this Letter of Credit if as a result the aggregate of all payments made by it under this Letter of Credit would exceed the Total L/C Account.

  

	3.	Expiry  

  

	 	(a)	The Issuing Bank will be released from its obligations under this Letter of Credit on the date (if any) notified by the Beneficiary to the Issuing Bank as the date upon which the obligations of the Issuing Bank under
this Letter of Credit are released. 

  
 - 188 - 

	 	(b)	Unless previously released under paragraph (a) above, on [●] p.m. ([London] time) on the Expiry Date the obligations of the Issuing Bank under this Letter of Credit will cease with no further liability on the
part of the Issuing Bank except for any Demand validly presented under the Letter of Credit that remains unpaid. 

  

	 	(c)	When the Issuing Bank is no longer under any further obligations under this Letter of Credit, the Beneficiary must return the original of this Letter of Credit to the Issuing Bank. 

 

	4.	Payments  

 All payments under this Letter of Credit shall be made in USD and for value
on the due date to the account of the Beneficiary specified in the Demand. 
  

	5.	Delivery of Demand  

 Each Demand shall be in writing, and, unless otherwise stated, may
be made by letter, fax or telex and must be received in legible form by the Issuing Bank at its address and by the particular department or officer (if any) as follows: 

Citibank N.A., Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB and must be marked for the attention of: European Trade Service
Department, SBLC Issuance Unit. 
  

	6.	Expiry  

 This Letter of Credit shall expire on DDMMYY (the “Present
Expiry Date”). It is a condition of this Letter of Credit that it shall be deemed automatically extended, without amendment, for additional period(s) of one year from the Present Expiry Date or any future expiration date, but in no
event beyond DDMMYY (the “Final Expiry Date”), unless we notify you in writing, not less than [xx] days prior to any such expiration date that we have elected not to extend such expiration date of such additional period. 

 

	7.	Transfer and Assignment of Proceeds  

 This Letter of Credit is not transferable and
proceeds hereunder cannot be assigned. 
  

	8.	ISP 98  

 Except to the extent it is inconsistent with the express terms of this Letter
of Credit, this Letter of Credit is subject to the International Standby Practices (ISP 98), International Chamber of Commerce Publication No. 590. 
  

	9.	Governing Law  

 This Letter of Credit and any non-contractual obligations arising out of
or in connection with it are governed by English law. 

  
 - 189 - 

	10.	Jurisdiction  

 The courts of England have exclusive jurisdiction to settle any dispute
arising out of or in connection with this Letter of Credit. 
 Yours faithfully, 

CITIBANK, N.A., LONDON BRANCH 
 By: 

  
 - 190 - 

 Schedule to Letter of Credit 

Form of demand 
  

			
	To:	  	Citibank, N.A., London Branch
		  	Citigroup Centre, Canada Square, Canary Wharf
		  	London E14 5LB
		
	Attention:	  	European Trade Service Department, SBLC issuance Unit

 [Date] 

Dear Sirs 
 Letter of Credit no. [●]
issued in favour of [BENEFICIARY] (the “Letter of Credit”) 
 We refer to the Letter of Credit. Terms defined in the Letter of Credit have the
same meaning when used in this Demand. 
  

	1.	We certify that the sum of [●] is due [and has remained unpaid for at least [●] Business Days] [under [set out underlying contract or agreement]]. We therefore demand payment of the sum of [●].

  

	2.	Payment should be made to our account as follows: 

 Name: 

Account Number: 
 Bank: 

 

	3.	The date of this Demand is not later than the Expiry Date. 

 Yours faithfully 

 

			
	Authorised Signatory	  	(Authorised Signatory)

 For 

[BENEFICIARY] 

  
 - 191 - 

 SCHEDULE 12 

FACILITY APPROVED L/C BENEFICIARIES 
  

	1.	National Union Fire Insurance Company of Pittsburg, PA, 

 PO Box 923 

Wall Street Station 
 New York, NY
10268 
 United States 
  

	2.	Sparkasse Neuss 

 Oberstrasse 110-124 

41460 Neuss 
 Germany 

  
 - 192 - 

 SCHEDULE 13 

FORM OF COMMITMENT INCREASE NOTICE 
  

			
	To:	  	Citibank International Limited as the Agent
		
	From:	  	[●] (the “Lender”)

 Dated: 
 WABCO
Holdings Inc. – USD400,000,000 Facility Agreement 
 dated 8 July 2011 (as amended from time to time) (the “Facility
Agreement”) 
  

	1.	We refer to the Facility Agreement. This notice shall take effect as a Commitment Increase Notice for the purpose of the Facility Agreement. Terms defined in the Facility Agreement have the same meaning in this notice
unless given a different meaning herein. 

  

	2.	We hereby agree to increase our Commitment by an amount equal to USD[●], thereby making our Commitment an amount equal to USD[●]. 

 

	3.	We confirm the proposed Increase Effective Date is [●]. 

  

	4.	This notice is a Finance Document. 

  

	5.	This notice and any non-contractual obligations arising out of or in connection with it are governed by and construed in accordance with English law. 

 

					
	SIGNED
	
	  

	 For and on behalf of

[LENDER]

	
	This notice is accepted by the Agent.
	
	  

	For and on behalf of
	CITIBANK INTERNATIONAL LIMITED 

 as Agent for itself and on behalf of other Finance Parties 

Date: 

  
 - 193 - 

 SCHEDULE 14 

FORM OF FURTHER LENDER ACCESSION LETTER 
  

			
	To:	  	CITIBANK INTERNATIONAL LIMITED
		
	From:	  	[The Further Lender] (the “Further Lender”)

 Dated: 
 WABCO
Holdings Inc. – USD400,000,000 Facility Agreement 
 dated 8 July 2011 (as amended from time to time) (the “Facility
Agreement”) 
  

	1.	We refer to the Facility Agreement. This accession letter shall take effect as a Further Lender Accession Letter for the purpose of the Facility Agreement. Terms defined in the Facility Agreement have the same meaning
in this letter unless given a different meaning herein. 

  

	2.	We hereby agree to become a Lender and to assume a Commitment in an amount of USD [●]. 

  

	3.	We confirm the proposed Increase Effective Date is [[●]]. 

  

	4.	[For the purposes of paragraph (d)(i) of Clause 7.5 (Cash collateral by Non-Acceptable L/C Lender and Borrower’s option to provide cash cover) of the Facility Agreement, we confirm that we are not a
Non-Acceptable L/C Lender.] 

  

	5.	Our Facility Office address and related details are as follows: 

 [Facility Office address,
fax number and attention details for notices and accounts details for payments] 
  

	6.	This Further Lender Accession Letter is a Finance Document. 

  

	7.	This letter and any non-contractual obligations arising out of or in connection with it are governed by and construed in accordance with English law. 

 

					
	SIGNED
	
	  

	 For and on behalf of
 [Further
Lender]

 This Further Lender Accession Letter is accepted by the Agent. 

 

					
	
	  

	For and on behalf of
	CITIBANK INTERNATIONAL LIMITED 

 as Agent for itself and on behalf of the other Finance Parties 

Date: 

  
 - 194 - 

 SCHEDULE 15 

DESIGNATED ENTITIES 
  

					
	Related Lender	 	Designated Entity	 	Jurisdiction
			
	Bank of America Merrill Lynch International Limited	 	Bank of America N.A.	 	United States, Hong Kong
			
	Bank of America Merrill Lynch International Limited	 	Bank of America N.A., Hong Kong Branch	 	Hong Kong
			
	Bank of America Merrill Lynch International Limited	 	Bank of America N.A., London Branch	 	United States, Hong Kong
			
	Bank of America Merrill Lynch International Limited	 	Bank of America N.A., Singapore Branch	 	Singapore
			
	Citibank, N.A., London Branch	 	Citibank, N.A., Singapore Branch	 	Singapore
			
	Citibank, N.A., London Branch	 	Citibank, N.A., Hong Kong Branch	 	Hong Kong

  
 - 195 - 

 SCHEDULE 16 

DESIGNATED ENTITY ACCESSION LETTER 
  

			
	To:	  	CITIBANK INTERNATIONAL LIMITED
		
	From:	  	[Designated Entity] (the “Designated Entity”)
		
		  	[Related Lender] (the “Related Lender”)

 Dated: 
 WABCO
Holdings Inc. – USD400,000,000 Facility Agreement 
 dated 8 July 2011 (as amended from time to time) (the “Facility
Agreement”) 
  

	1.	We refer to the Facility Agreement. This accession letter shall take effect as a Designated Entity Accession Letter for the purpose of the Facility Agreement. Terms defined in the Facility Agreement have the same
meaning in this letter unless given a different meaning herein. 

  

	2.	Following a request by [Related Lender], we hereby agree to accede to the Facility Agreement as a Designated Entity for the purposes of participating in Loans to Borrowers incorporated in [Designated
Jurisdiction] on its behalf. [Related Lender] hereby consents to such accession. 

  

	3.	[For the purposes of paragraph (d)(i) of Clause 7.5 (Cash collateral by Non- Acceptable L/C Lender and Borrower’s option to provide cash cover) of the Facility Agreement, we confirm that we are not a
Non-Acceptable L/C Lender.] 

  

	4.	Our Facility Office address and related details are as follows: [Facility Office address, fax number and attention details for notices and accounts details for payments]. 

 

	5.	This Designated Entity Accession Letter is a Finance Document. 

  

	6.	This letter and any non-contractual obligations arising out of or in connection with it are governed by and construed in accordance with English law. 

 

					
	SIGNED	  		 	
			
	  
	  		 	  

	For and on behalf of	  		 	For and on behalf of
	[Designated Entity]	  		 	[Related Lender]
	
	This Designated Entity Accession Letter is accepted by the Agent.
			
	  
	  		 	
	For and on behalf of	  		 	
	CITIBANK INTERNATIONAL LIMITED	  		 	
	as Agent for itself and on behalf of the other Finance Parties

 Date: 

  
 - 196 - 

 SCHEDULE 17 

FORM OF EXTENSION REQUEST 
  

			
	From:	  	WABCO Holdings Inc.
		
	To:	  	[Agent] as the Agent

 Date: 
 Dear Sirs, 

WABCO Holdings Inc. – USD400,000,000 Facility Agreement 

dated 8 July 2011 (as amended from time to time) (the “Facility Agreement”) 

 

	1.	We refer to the Facility Agreement. This is the [First/Second] Extension Request. Terms defined in the Facility Agreement have the same meaning in this Extension Request unless given a different meaning in this
Extension Request. 

  

	2.	We request an extension of the Termination Date pursuant to Clause 2.3 (Extension option) of the Facility Agreement from [insert current Termination Date] to [insert new Termination Date], being the
[First/Second] Extended Termination Date. 

  

	3.	We confirm that as of the date hereof: 

  

	 	(a)	no Default is continuing or would result from the extension of the Termination Date; and 

  

	 	(b)	the Repeating Representations to be made by each Obligor are true in all material respects. 

  

	4.	This notice and any non-contractual obligations arising out of or in connection with it are governed by English law. 

  

	
	Yours faithfully
	
	  

	authorised signatory for
	
	WABCO HOLDINGS INC.

  
 - 197 - 

 SCHEDULE 18 

OTHER BENCHMARKS 
 PART I

 HKD CURRENCIES 
  

			
	CURRENCY:	  	Hong Kong Dollars
		
	Definitions	  	
		
	Business Day:	  	Any day on which banks are open for general business in Hong Kong
		
	Fallback Interest Period:	  	One week
		
	Quotation Day:	  	2 Business Days before the first day of the period
		
	Reference Bank Rate:	  	The rate for the offering of deposits in Hong Kong Dollars for a period comparable to the Interest Period of the relevant Loan.
		
	Relevant Market:	  	London interbank market
		
	Screen Rate:	  	The Hong Kong interbank offered rate administered by the Hong Kong Association of Banks (or any other person which takes over the administration of that rate) for the relevant period displayed on page “HKAB HKD Interest
Settlement Rates” of the Hong Kong Association of Banks website (or any replacement page on the Hong Kong Association of Banks website which displays the rate) or on the appropriate page of such other information service which publishes that
rate from time to time in place of the Hong Kong Association of Banks. If such page or service ceases to be available, the Agent may specify another page or service displaying the relevant rate after consultation with the Company.
		
	Interest Periods	  	
		
	Periods capable of selection as Interest Periods (paragraph (b) of Clause 18.1 (Selection of Interest Periods)):	  	3, 6 or 12 Months
		
	Rate fixing timings	  	
		
	Time at which Benchmark Rate is fixed (Schedule 10 (Timetables)):	  	Quotation Day 11:00 a.m. (Hong Kong time)

  
 - 198 - 

			
		
	Time at which Reference Bank Rate falls to be calculated by reference to available quotations (Schedule 10 (Timetables)):	  	Noon on the Quotation Day (Hong Kong time)
		
	Deadline for quotations to establish a Reference Bank Rate (paragraph (b) of Clause 19.2 (Calculation of Reference Bank Rate)):	  	Noon on the Quotation Day (Hong Kong time)
		
	Deadline for Lenders to report market disruption (Clause 19.3 (Market disruption)):	  	Before close of business in Hong Kong on the Quotation Day

  
 - 199 - 

 PART II 

SINGAPORE DOLLARS 
  

			
	CURRENCY:	  	Singapore Dollars
		
	Definitions	  	
		
	Business Day:	  	Any day on which banks are open for general business in Singapore
		
	Fallback Interest Period:	  	One week
		
	Quotation Day:	  	2 Business Days before the first day of the period
		
	Reference Bank Rate:	  	The rate for the offering of deposits in Singapore Dollars for a period comparable to the Interest Period of the relevant Loan.
		
	Relevant Market:	  	London interbank market
		
	Screen Rate:	  	The Singapore interbank offered rate administered by ABS Benchmarks Administration Co Pte. Ltd. (or any other entity or person which takes over the administration of that rate) (the “ABS Administrator”) for the
relevant period displayed on page ABSIRFIX01 of the Thomson Reuters screen (or any replacement Thomson Reuters page which displays that rate), or on the appropriate page of such other information service which publishes that rate from time to time
in place of Thomson Reuter If such page or service ceases to be available, the Agent may specify another page or service displaying the relevant rate after consultation with the Company.
		
	Interest Periods	  	
		
	Periods capable of selection as Interest Periods (paragraph (b) of Clause 18.1 (Selection of Interest Periods)):	  	3, 6 or 12 Months
		
	Rate fixing timings	  	
		
	Time at which Benchmark Rate is fixed (Schedule 10 (Timetables)):	  	Quotation Day 11:00 a.m. (Singapore time)
		
	Time at which Reference Bank Rate falls to be calculated by reference to available quotations (Schedule 10 (Timetables)):	  	Noon on the Quotation Day (Singapore time)

  
 - 200 - 

			
		
	Deadline for quotations to establish a Reference Bank Rate (paragraph (b) of Clause 19.2 (Calculation of Reference Bank Rate)):	  	Noon on the Quotation Day (Singapore time)
		
	Deadline for Lenders to report market disruption (Clause 19.3 (Market disruption)):	  	Before close of business in Singapore on the Quotation Day

  
 - 201 - 

 SIGNATURES 

Documentary duty of EUR0.15 per original paid by bank transfer from Clifford Chance on 30 August 2011. Droit d’ecriture de 0,15 euro par original
payé par transfert bancaire de Clifford Chance le 30 aôut 2011. Recht op geschriften van 0,15 euro par original betaald per overschrijving door Clifford Chance op 30 augustus 2011. 

The Company 
 For and on behalf of 

WABCO HOLDINGS INC. 
  

			
	By:	  	

		
	Name:	  	Christian Fife
		  	Authorised Signatory of WABCO Holdings Inc.
		
	Title:	  	Treasurer, WABCO Holdings Inc.
		
	Address:    	  	Chaussée de la Hulpe 166, 1170 Brussels, Belgium
		
	Fax:	  	+32 2 663 9896
		
	Email:	  	christian.fife@wabco-auto.com

 The Borrowers 
 For and on
behalf of 
 WABCO HOLDINGS INC. 
  

			
	By:	  	

		
	Name:	  	Christian Fife
		  	Authorised Signatory of WABCO Holdings Inc.
		
	Title:	  	Treasurer, WABCO Holdings Inc.
		
	Address:    	  	Chaussée de la Hulpe 166, 1170 Brussels, Belgium
		
	Fax:	  	+32 2 663 9896
		
	Email:	  	christian.fife@wabco-auto.com

 For and on behalf of 

WABCO EUROPE BVBA 
  

			
	By:	  	

		
	Name:	  	Christian Fife
		  	Authorised Signatory of WABCO Europe BVBA
		
	Title:	  	Treasurer, WABCO Holdings Inc.
		
	Address:    	  	Chaussée de la Hulpe 166, 1170 Brussels, Belgium
		
	Fax:	  	+32 2 663 9896
		
	Email:	  	christian.fife@wabco-auto.com

 For and on behalf of 
 WABCO
FINANCIAL SERVICES SPRL 
  

			
	By:	  	

		
	Name:	  	Christian Fife
		  	Authorised Signatory of WABCO Financial Services Sprl
		
	Title:	  	Treasurer, WABCO Holdings Inc.
		
	Address:    	  	Chaussée de la Hulpe 166, 1170 Brussels, Belgium
		
	Fax:	  	+32 2 663 9896
		
	Email:	  	christian.fife@wabco-auto.com

 For and on behalf of 

WABCO ASIA PRIVATE LTD. 
  

			
	By:	  	

		
	Name:	  	Christian Fife
		  	Authorised Signatory of WABCO Asia Private Ltd.
		
	Title:	  	Treasurer, WABCO Holdings Inc.
		
	Address:    	  	25 International Business Park, #03-68/69 German Centre, 609916 Singapore
		
	Fax:	  	+65 6535 6678
		
	Email:	  	christian.fife@wabco-auto.com

 For and on behalf of 
 WABCO HONG
KONG LIMITED 
  

			
	By:	  	

		
	Name:	  	Christian Fife
		  	Authorised Signatory of WABCO Hong Kong Limited
		
	Title:	  	Treasurer, WABCO Holdings Inc.
		
	Address:    	  	14th Floor, Hutchinson House, 10 Harcourt Road, Central, Hong Kong SAR, China
		
	Fax:	  	+852 2845 0476
		
	Email:	  	christian.fife@wabco-auto.com

 The Guarantor 

For and on behalf of 
 WABCO HOLDINGS INC. 

 

			
	By:	  	

		
	Name:	  	Christian Fife
		  	Authorised Signatory of WABCO Holdings Inc.
		
	Title:	  	Treasurer, WABCO Holdings Inc.
		
	Address:    	  	Chaussée de la Hulpe 166, 1170 Brussels, Belgium
		
	Fax:	  	+32 2 663 9896
		
	Email:	  	christian.fife@wabco-auto.com

 The Resigning Agent 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	 	

		 	Karen Hall
		 	Assistant Vice President

 The Resigning Issuing Bank 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

 The Resigning Dollar Swingline Agent 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

 The Resigning Euro Swingline Agent 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	 	

		 	Karen Hall
		 	Assistant Vice President

 The Original Dollar Swingline Lender 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

 The Resigning Agent 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	 	

 The Resigning Issuing Bank 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

		 	SHAMIK GHOSH
		 	VICE PRESIDENT

 The Resigning Dollar Swingline Agent 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

 The Resigning Euro Swingline Agent 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	 	

 The Original Dollar Swingline Lender 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

		 	SHAMIK GHOSH
		 	VICE PRESIDENT

 The Resigning Agent 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	 	

 The Resigning Issuing Bank 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

 The Resigning Dollar Swingline Agent 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

		 	Anthony W. Kell
		 	Vice President

 The Resigning Euro Swingline Agent 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	 	

 The Original Dollar Swingline Lender 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

 The Original Euro Swingline Lender 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

		 	SHAMIK GHOSH
		 	VICE PRESIDENT

 The New Agent 

For and on behalf of 
 CITIBANK INTERNATIONAL LIMITED 

 

			
	By:	  	

		  	Karen Wilkins
		
	Address:    	  	5th Floor, Citigroup Centre, 25 Canada Square, Canary Wharf, London E14 5LB (Mail drop CGC2 05-65), United Kingdom
		
	Fax:	  	+44 (0) 20 7492 3980
		
	Attention:	  	EMEA Loans Agency

 The New Issuing Bank 
 For
and on behalf of 
 CITIBANK, N.A., LONDON BRANCH 
  

			
	By:	  	
		
	Address:    	  	Citibank International Limited Poland Branch on behalf of Citibank, N.A., London Branch, Loans Operations Department, 7/9 Traugutta str., 1st Floor, 00-985 Warsaw,
Poland
		
	Fax:	  	+44 (0) 20 7655 2380
		
	Attention:	  	Loans Operations Department

 The New Dollar Swingline Agent 

For and on behalf of 
 CITIBANK N.A. 

 

			
	By:	  	
		
	Address:    	  	22nd floor, 388 Greenwich St., New York, NY 10013, USA
		
	Fax:	  	+ 1 (646)-274-5000
		
	Attention:	  	Investor Relations

 The New Agent 

For and on behalf of 
 CITIBANK INTERNATIONAL LIMITED 

 

			
	By:	  	
		
	Address:    	  	5th Floor, Citigroup Centre, 25 Canada Square, Canary Wharf, London E14 5LB (Mail drop CGC2 05-65), United Kingdom
		
	Fax:	  	+44 (0) 20 7492 3980
		
	Attention:	  	EMEA Loans Agency

 The New Issuing Bank 
 For
and on behalf of 
 CITIBANK, N.A., LONDON BRANCH 
  

			
	By:	  	

		  	        Andrew Mason
		  	              Director
		
	Address:    	  	Citibank International Limited Poland Branch on behalf of Citibank, N.A., London Branch, Loans Operations Department, 7/9 Traugutta str., 1st Floor, 00-985 Warsaw,
Poland
		
	Fax:	  	+44 (0) 20 7655 2380
		
	Attention:	  	Loans Operations Department

 The New Dollar Swingline Agent 

For and on behalf of 
 CITIBANK N.A. 

 

			
	By:	  	

		  	  Richard Basham
		  	Managing Director
		
	Address:    	  	22nd floor, 388 Greenwich St., New York, NY 10013, USA
		
	Fax:	  	+ 1 (646)-274-5000
		
	Attention:	  	Investor Relations

 The New Euro Swingline Agent 

For and on behalf of 
 CITIBANK INTERNATIONAL LIMITED 

 

			
	By:	  	

		  	Karen Wilkins
		
	Address:    	  	5th Floor, Citigroup Centre, 25 Canada Square, Canary Wharf, London E14 5LB
		
	Fax:	  	+44 (0) 20 7492 3980
		
	Attention:	  	EMEA Loans Agency

 The New Dollar Swingline Lender 

For and on behalf of 
 CITIBANK N.A. 

 

			
	By:	  	

 The New Euro Swingline Lender 

For and on behalf of 
 CITIBANK N.A. 

 

			
	By:	  	

 The New Euro Swingline Agent 

For and on behalf of 
 CITIBANK INTERNATIONAL LIMITED 

 

			
	By:	  	
		
	Address:    	  	5th Floor, Citigroup Centre, 25 Canada Square, Canary Wharf, London E14 5LB
		
	Fax:	  	+44 (0) 20 7492 3980
		
	Attention:	  	EMEA Loans Agency

 The New Dollar Swingline Lender 

For and on behalf of 
 CITIBANK N.A. 

 

			
	By:	  	

		  	    Richard Basham
		  	  Managing Director

 The New Euro Swingline Lender 

For and on behalf of 
 CITIBANK N.A. 

 

			
	By:	  	

		  	    Richard Basham
		  	  Managing Director

 The Coordinator 

For and on behalf of 
 CITIGROUP GLOBAL MARKETS LIMITED 

 

			
	By:	  	

		  	      Andrew Mason
		  	            Director

 The Arranger 
 The
Bookrunners and Mandated Lead Arrangers 
 For and on behalf of 

CITIGROUP GLOBAL MARKETS LIMITED 
  

			
	By:	  	

		  	      Andrew Mason
		  	            Director

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  		  	

 The Mandated Lead Arrangers 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	  	

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	  	

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

					
	By:	  		  	

 The Coordinator 

For and on behalf of 
 CITIGROUP GLOBAL MARKETS LIMITED 

 

			
	By:	  	

 The Arranger 
 The
Bookrunners and Mandated Lead Arrangers 
 For and on behalf of 

CITIGROUP GLOBAL MARKETS LIMITED 
  

			
	By:	  	

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  	

	  	

		  	Ann Larcher	  	Michel Verstraeten
		  	Head of Policies, Decisions & Standard Lending	  	Head of Corporate Lending BeLux

 The Mandated Lead Arrangers 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	  	

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	  	

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

					
	By:	  		  	

 The Coordinator 

For and on behalf of 
 CITIGROUP GLOBAL MARKETS LIMITED 

 

			
	By:	  	

 The Arranger 
 The
Bookrunners and Mandated Lead Arrangers 
 For and on behalf of 

CITIGROUP GLOBAL MARKETS LIMITED 
  

			
	By:	  	

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  		  	

 The Mandated Lead Arrangers 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	  	

		  	B CLAPTON
		  	VICE PRESIDENT

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	  	

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

					
	By:	  		  	

 The Coordinator 

For and on behalf of 
 CITIGROUP GLOBAL MARKETS LIMITED 

 

			
	By:	  	

 The Arranger 
 The
Bookrunners and Mandated Lead Arrangers 
 For and on behalf of 

CITIGROUP GLOBAL MARKETS LIMITED 
  

			
	By:	  	

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  		  	

 The Mandated Lead Arrangers 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	  	

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	  	

		  	      Mustafa Khan
		  	            Director

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

					
	By:	  		  	

 The Coordinator 

For and on behalf of 
 CITIGROUP GLOBAL MARKETS LIMITED 

 

			
	By:	  	

 The Arranger 
 The
Bookrunners and Mandated Lead Arrangers 
 For and on behalf of 

CITIGROUP GLOBAL MARKETS LIMITED 
  

			
	By:	  	

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  		  	

 The Mandated Lead Arrangers 

For and on behalf of 
 BANK OF AMERICA MERRILL LYNCH INTERNATIONAL
LIMITED 
  

			
	By:	  	

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	  	

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

					
	By:	  	

	  	

		  	Hans MAAS	  	Eliane VAN DEN EECKHOUT
		  	Executive Director	  	 Manager

Client Servicing Sophisticated Contracting

 For and on behalf of 

CREDIT LYONNAIS 
  

			
	By:	 	

		 	Philippe GONNET
		 	Directeur
		
		 	LCL - LE CREDIT LYONNAIS
		 	DIRECTION GRANDES ENTREPRISES
		 	ILE DE FRANCE

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	 By:
	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	 By:
	  		  		  		  	

 The Discharged Lender 

For and on behalf of 
 SOCIÉTÉ
GÉNÉRALE 
  

			
	By:	 	

 The Continuing Lenders 

For and on behalf of 
 CITIBANK, N.A., LONDON BRANCH 

 

			
	By:	 	

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  		  	

 For and on behalf of 

CREDIT LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	 By:
	 	

		 	M. R. de Bruijn

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	 By:
	  		  		  		  	

 The Discharged Lender 

For and on behalf of 
 SOCIÉTÉ
GÉNÉRALE 
  

			
	By:	 	

 The Continuing Lenders 

For and on behalf of 
 CITIBANK, N.A., LONDON BRANCH 

 

			
	By:	 	

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  		  	

 For and on behalf of 

CREDIT LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	 By:
	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	 By:
	  	

	  	

	  		  	
		  	Rünger	  	Kolbe	  		  	

 The Discharged Lender 

For and on behalf of 
 SOCIÉTÉ
GÉNÉRALE 
  

			
	By:	 	

 The Continuing Lenders 

For and on behalf of 
 CITIBANK, N.A., LONDON BRANCH 

 

			
	By:	 	

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  		  	

 For and on behalf of 

CREDIT LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	 By:
	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	 By:
	  		  		  		  	

 The Discharged Lender 

For and on behalf of 
 SOCIÉTÉ
GÉNÉRALE 
  

			
	By:	 	

 The Continuing Lenders 

For and on behalf of 
 CITIBANK, N.A., LONDON BRANCH 

 

			
	By:	 	

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  		  	

 For and on behalf of 

CREDIT LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	 By:
	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	 By:
	  		  		  		  	

 The Discharged Lender 

For and on behalf of 
 SOCIÉTÉ
GÉNÉRALE 
  

			
	By:	 	

 The Continuing Lenders 

For and on behalf of 
 CITIBANK, N.A., LONDON BRANCH 

 

			
	By:	 	

		 	Andrew Mason
		 	Director

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  		  	

 For and on behalf of 

CREDIT LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	 By:
	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	 By:
	  		  		  		  	

 The Discharged Lender 

For and on behalf of 
 SOCIÉTÉ
GÉNÉRALE 
  

			
	By:	 	

 The Continuing Lenders 

For and on behalf of 
 CITIBANK, N.A., LONDON BRANCH 

 

			
	By:	 	

 For and on behalf of 
 ING
BELGIUM SA/NV 
  

					
	By:	  	

	  	

		  	Ann Larcher	  	Michel Verstraeten
		  	Head of Policies, Decisions & Standard Lending	  	Head of Corporate Lending BeLux

 For and on behalf of 

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED 
  

			
	By:	 	

		 	B CLAPTON
		 	VICE PRESIDENT

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	 	

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

							
	By:	  		  		 	

 For and on behalf of 
 CREDIT
LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	By:	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	By:	  		  		  		  	

 For and on behalf of 

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED 
  

			
	By:	 	

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	 	

		 	Mustafa Khan
		 	Director

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

							
	By:	  		  		 	

 For and on behalf of 
 CREDIT
LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	By:	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	By:	  		  		  		  	

 For and on behalf of 

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED 
  

			
	By:	 	

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	 	

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

							
	By:	  	

	  	

	 	
		  	Hans MAAS	  	Eliane VAN DEN EECKHOUT	 	
		  	Executive Director	  	 Manager

Client Servicing Sophisticated Contracting
	 	

 For and on behalf of 
 CREDIT
LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	By:	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	By:	  		  		  		  	

 For and on behalf of 

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED 
  

			
	By:	 	

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	 	

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

							
	By:	  		  		 	

 For and on behalf of 
 CREDIT
LYONNAIS 
  

			
	By:	 	

		 	Philippe GONNET
		 	Directeur
		
		 	LCL - LE CREDIT LYONNAIS
		 	DIRECTION GRANDES ENTREPRISES
		 	ILE DE FRANCE

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	By:	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	By:	  		  		  		  	

 For and on behalf of 

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED 
  

			
	By:	 	

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	 	

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

							
	By:	  		  		 	

 For and on behalf of 
 CREDIT
LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	By:	 	

		 	M. R. de Bruijn

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	By:	  		  		  		  	

 For and on behalf of 

BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED 
  

			
	By:	 	

 For and on behalf of 
 THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. 
  

			
	By:	 	

 For and on behalf of 
 BNP
PARIBAS FORTIS SA/NV 
  

							
	By:	  		  		 	

 For and on behalf of 
 CREDIT
LYONNAIS 
  

			
	By:	 	

 For and on behalf of 
 THE ROYAL
BANK OF SCOTLAND PLC 
  

			
	By:	 	

 For and on behalf of 
 UNICREDIT
BANK AG 
  

									
	By:	  	

	  	

	  		  	
		  	Rünger	  	Kolbe	  		  	

 The Designated Entities 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

		 	SHAMIK GHOSH
		 	VICE PRESIDENT

 For and on behalf of 
 BANK OF
AMERICA N.A., HONG KONG BRANCH 
  

			
	By:	 	

 For and on behalf of 
 BANK OF
AMERICA N.A., LONDON BRANCH 
  

			
	By:	 	

 For and on behalf of 
 BANK OF
AMERICA N.A., SINGAPORE BRANCH 
  

			
	By:	 	

 The Designated Entities 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

 For and on behalf of 
 BANK OF
AMERICA N.A., HONG KONG BRANCH 
  

			
	By:	 	

		 	  
 Sandra Wong, Vice
President

 For and on behalf of 
 BANK OF
AMERICA N.A., LONDON BRANCH 
  

			
	By:	 	

 For and on behalf of 
 BANK OF
AMERICA N.A., SINGAPORE BRANCH 
  

			
	By:	 	

 The Designated Entities 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

 For and on behalf of 
 BANK OF
AMERICA N.A., HONG KONG BRANCH 
  

			
	By:	 	

 For and on behalf of 
 BANK OF
AMERICA N.A., LONDON BRANCH 
  

			
	By:	 	

		 	URSULA MURPHY, VICE PRESIDENT.

 For and on behalf of 
 BANK OF
AMERICA N.A., SINGAPORE BRANCH 
  

			
	By:	 	

 The Designated Entities 

For and on behalf of 
 BANK OF AMERICA N.A. 

 

			
	By:	 	

 For and on behalf of 
 BANK OF
AMERICA N.A., HONG KONG BRANCH 
  

			
	By:	 	

 For and on behalf of 
 BANK OF
AMERICA N.A., LONDON BRANCH 
  

			
	By:	 	

 For and on behalf of 
 BANK OF
AMERICA N.A., SINGAPORE BRANCH 
  

			
	By:	 	

		 	CHOO MUI LENG

 For and on behalf of 

CITIBANK, N.A., SINGAPORE BRANCH 
  

			
	By:	 	

		 	Richard Basham
		 	Managing Director

 For and on behalf of 
 CITIBANK,
N.A., HONG KONG BRANCH 
  

			
	By:	 	

		 	Richard Basham
		 	Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00250-of-00352.parquet"}]]