Document:

EX-10.1

 Exhibit 10.1 
 Execution Version 
 CREDIT AGREEMENT 

dated as of December 1, 2011 
 by and among 
 AGCO CORPORATION 

and 

CERTAIN SUBSIDIARIES NAMED HEREIN, 
 as Borrowers, 
 THE LENDERS NAMED HEREIN, 

as Lenders, 
 and 
 COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.,

 “RABOBANK NEDERLAND”, NEW YORK BRANCH, 

as Administrative Agent 
  

 
 JPMORGAN CHASE BANK, N.A.,

 as Syndication Agent, 
 SUNTRUST BANK and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 
 as Co-
Documentation Agents, 
 COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., 

“RABOBANK NEDERLAND”, NEW YORK BRANCH, 
 J.P. MORGAN SECURITIES LLC, SUNTRUST ROBINSON HUMPHREY, INC., HSBC 
 BANK
USA and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 
 as Joint Lead Arrangers, 

and 

COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., 
 “RABOBANK NEDERLAND”, NEW YORK BRANCH, J.P. MORGAN SECURITIES 

LLC, SUNTRUST ROBINSON HUMPHREY, INC., and THE BANK OF TOKYO- 

MITSUBISHI UFJ, LTD., 
 as Joint Bookrunners 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE 1 ACCOUNTING TERMS
	  	 	1	  
			
	     1.1.
	  	 Certain Defined Terms
	  	 	1	  
	     1.2.
	  	 Computation of Time Periods
	  	 	36	  
	     1.3.
	  	 Accounting Terms; Applicable Margin Ratings
	  	 	36	  
	     1.4.
	  	 Currency Equivalents
	  	 	36	  
	     1.5.
	  	 Construction
	  	 	37	  
		
	 ARTICLE 2 AMOUNTS AND TERMS OF THE LOANS AND THE LETTERS OF CREDIT
	  	 	37	  
			
	     2.1.
	  	 Credit Facilities
	  	 	37	  
	     2.2.
	  	 Making the Loans
	  	 	38	  
	     2.3.
	  	 Reduction of the Commitments
	  	 	42	  
	     2.4.
	  	 Repayments
	  	 	42	  
	     2.5.
	  	 Interest
	  	 	45	  
	     2.6.
	  	 Fees
	  	 	46	  
	     2.7.
	  	 Conversion and Designation of Interest Periods
	  	 	46	  
	     2.8.
	  	 Payments and Computations
	  	 	47	  
	     2.9.
	  	 Sharing of Payments, Etc
	  	 	49	  
	     2.10.
	  	 Letters of Credit
	  	 	50	  
	     2.11.
	  	 Defaulting Lenders/Impacted Lenders
	  	 	54	  
	     2.12.
	  	 Borrower Liability
	  	 	57	  
	     2.13.
	  	 Designated Borrowers
	  	 	58	  
	     2.14.
	  	 Incremental Term Loans
	  	 	59	  
		
	 ARTICLE 3 CONDITIONS PRECEDENT
	  	 	61	  
			
	     3.1.
	  	 Conditions Precedent to Agreement Date
	  	 	61	  
	     3.2.
	  	 Conditions Precedent to Each Borrowing and Issuance
	  	 	63	  
	     3.3.
	  	 Determinations Under Section 3.1
	  	 	64	  
		
	 ARTICLE 4 REPRESENTATIONS AND WARRANTIES
	  	 	64	  
			
	     4.1.
	  	 Representations and Warranties of the Borrowers
	  	 	64	  
	     4.2.
	  	 Survival of Representations and Warranties, etc
	  	 	69	  
		
	 ARTICLE 5 AFFIRMATIVE COVENANTS
	  	 	70	  
			
	     5.1.
	  	 Reporting Requirements
	  	 	70	  
	     5.2.
	  	 Notices
	  	 	71	  
	     5.3.
	  	 Compliance with Laws, Etc
	  	 	71	  
	     5.4.
	  	 Preservation of Existence, Etc
	  	 	71	  
	     5.5.
	  	 Payment of Taxes and Claims
	  	 	71	  
	     5.6.
	  	 Maintenance of Insurance
	  	 	72	  
	     5.7.
	  	 Visitation Rights
	  	 	72	  
	     5.8.
	  	 Accounting Methods
	  	 	72	  
	     5.9.
	  	 Maintenance of Properties, Etc
	  	 	72	  
	     5.10.
	  	 Further Assurances
	  	 	72	  
	     5.12.
	  	 Additional Domestic Subsidiaries
	  	 	73	  
	     5.13.
	  	 Use of Proceeds
	  	 	73	  
	     5.14.
	  	 Reaffirmation of Target Obligations
	  	 	73	  
	     5.15.
	  	 Post-Closing Deliverables
	  	 	73	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
		
	 ARTICLE 6 NEGATIVE COVENANTS
	  	 	73	  
			
	     6.1.
	  	 Indebtedness
	  	 	73	  
	     6.2.
	  	 Liens, Etc
	  	 	74	  
	     6.3.
	  	 Restricted Payments
	  	 	74	  
	     6.4.
	  	 Fundamental Changes, Etc
	  	 	74	  
	     6.5.
	  	 Sales of Assets
	  	 	75	  
	     6.6.
	  	 Affiliate Transactions
	  	 	75	  
	     6.7.
	  	 Amendments
	  	 	76	  
	     6.8.
	  	 Restrictions on Subsidiaries
	  	 	76	  
	     6.9.
	  	 No Notice Under Indentures
	  	 	76	  
	     6.10.
	  	 Financial Covenants
	  	 	77	  
	     6.11.
	  	 Anti-Terrorism Laws
	  	 	77	  
		
	 ARTICLE 7 EVENTS OF DEFAULT
	  	 	77	  
			
	     7.1.
	  	 Events of Default
	  	 	77	  
	     7.2.
	  	 Remedies
	  	 	80	  
	     7.3.
	  	 Actions in Respect of the Letters of Credit
	  	 	80	  
	     7.4.
	  	 Application of Payments
	  	 	81	  
		
	 ARTICLE 8 THE ADMINISTRATIVE AGENT
	  	 	81	  
			
	     8.1.
	  	 Authorization and Action
	  	 	81	  
	     8.2.
	  	 Administrative Agent’s Reliance, Etc
	  	 	82	  
	     8.3.
	  	 Administrative Agent, in its Individual Capacity and Affiliates
	  	 	84	  
	     8.4.
	  	 Lender Credit Decision
	  	 	84	  
	     8.5.
	  	 Notice of Default or Event of Default
	  	 	84	  
	     8.6.
	  	 Indemnification
	  	 	85	  
	     8.7.
	  	 Successor Administrative Agent
	  	 	85	  
	     8.8.
	  	 Administrative Agent May File Proofs of Claim
	  	 	86	  
	     8.9.
	  	 Release of Guaranties
	  	 	86	  
	     8.10.
	  	 Other Agent Titles
	  	 	86	  
		
	 ARTICLE 9 MISCELLANEOUS
	  	 	87	  
			
	     9.1.
	  	 Amendments, Etc
	  	 	87	  
	     9.2.
	  	 Notices, Etc
	  	 	87	  
	     9.3.
	  	 No Waiver
	  	 	90	  
	     9.4.
	  	 Costs and Expenses
	  	 	90	  
	     9.5.
	  	 Right of Set-off
	  	 	91	  
	     9.6.
	  	 Assignments and Participations
	  	 	92	  
	     9.7.
	  	 Marshalling; Payments Set Aside
	  	 	97	  
	     9.8.
	  	 Patriot Act
	  	 	97	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
		
	 ARTICLE 10 INCREASED COSTS, TAXES, ETC.
	  	 	98	  
			
	     10.1.
	  	 Increased Costs, Alternate Rate of Interest, Illegality, Etc.
	  	 	98	  
	     10.2.
	  	 Breakage Costs
	  	 	101	  
	     10.3.
	  	 Judgment Currency
	  	 	101	  
	     10.4.
	  	 Taxes
	  	 	102	  
	     10.5.
	  	 Mitigation; Replacement of a Lender
	  	 	107	  
		
	 ARTICLE 11 JURISDICTION
	  	 	109	  
			
	     11.1.
	  	 Consent to Jurisdiction
	  	 	109	  
	     11.2.
	  	 Governing Law
	  	 	110	  
	     11.3.
	  	 Counterparts; Integration; Effectiveness; Electronic Execution
	  	 	110	  
	     11.4.
	  	 No Liability of the Issuing Banks
	  	 	110	  
	     11.5.
	  	 Waiver of Jury Trial
	  	 	111	  
		
	 ARTICLE 12 CONFIDENTIALITY
	  	 	111	  

 EXHIBITS AND SCHEDULES: 
  

			
	 Exhibit A
	  	 Form of Assignment and Assumption

	 Exhibit B
	  	 Form of Notice of Borrowing

	 Exhibit C
	  	 Form of Designated Borrower Request and Assumption Agreement

	 Exhibit D
	  	 From of Designated Borrower Notice

	 Exhibit N
	  	 Form of Notice of Incremental Term Loan Borrowing

		
	 Schedule C
	  	 Financial Covenant Calculations for the Acquired Business

	 Schedule G
	  	 Guarantors

	 Schedule M
	  	 Mandatory Cost Formulae

	 Schedule 2.10
	  	 Existing Letters of Credit

	 Schedule 4.1(b)
	  	 Subsidiaries; Material Subsidiaries

	 Schedule 4.1(l)
	  	 ERISA Matters

	 Schedule 9.6
	  	 Voting Participants

  
 iii

 CREDIT AGREEMENT 

This CREDIT AGREEMENT dated as of December 1, 2011 by and among AGCO CORPORATION, a Delaware
corporation (“AGCO”), AGCO INTERNATIONAL LIMITED, an English corporation (“AGCO UK”), AGCO INTERNATIONAL HOLDINGS B.V., a Dutch company, having its corporate seat in Grubbenvorst, the
Netherlands (“AGCO BV”), MIDWEST MERGER ACQUISITION COMPANY, a Delaware corporation (“Merger Sub”; and together with AGCO, AGCO UK, and AGCO BV, each are referred to herein collectively as the
“Initial Borrowers” and individually as a “Initial Borrower”); the Lenders party hereto; and COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK
BRANCH, as Administrative Agent. 
 WITNESSETH: 

WHEREAS, AGCO, certain subsidiaries of AGCO, the Administrative Agent and certain other financial institutions are
parties to that certain Credit Agreement dated as of May 16, 2008 (as amended, restated, supplemented or otherwise modified from time to time, the “Existing Credit Agreement”); and 

WHEREAS, AGCO and Merger Sub have entered into the Acquisition Agreement (as defined herein) pursuant to which AGCO will
consummate the Acquisition (as defined herein); and 
 WHEREAS, AGCO and each other Initial Borrower operate
related businesses, each being integral to the other; and 
 WHEREAS, AGCO and each other Initial Borrower
acknowledge that the credit facility provided hereby is and will be of direct interest, benefit and advantage to each of them, and will enable them to achieve synergy and economies of scale; and 

WHEREAS, at the request of AGCO and each other Initial Borrower, the Administrative Agent, the Issuing Banks and the
Lenders have agreed to extend the credit provided for hereunder; 
 NOW, THEREFORE, in consideration of the
foregoing and other good and valuable consideration, the parties hereto hereby agree as follows: 
 ARTICLE 1 

ACCOUNTING TERMS 
 1.1. Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the
terms defined): 
 “2036 Senior Subordinated Notes Documents” means that certain
Indenture dated as of December 4, 2006 among AGCO and Union Bank of California, N.A., as trustee, relating to AGCO’s 1.25% Convertible Senior Subordinated Notes due 2036, together with each such note issued in connection therewith.

 “Acquired Business” means Target and each of
Target’s Subsidiaries. 
 “Acquisition” means the acquisition on the Agreement Date
of Target and its Subsidiaries by AGCO and the merger of Merger Sub into Target, as more fully described in the Acquisition Agreement. 
 “Acquisition Agreement” means that certain Agreement and Plan of Merger dated as of September 30, 2011 among AGCO, Merger Sub, Target and the “Stockholder
Representative” named therein, as amended by that certain Amended and Restated Agreement and Plan of Merger dated as of November 30, 2011 among AGCO and Merger Sub, Target and the “Stockholder Representative” named therein.

 “Acquisition Documents” means the Acquisition Agreement and all annexes, exhibits and
schedules thereto. 
 “Additional Lender” has the meaning specified in
Section 2.14(d). 
 “Adjusted Unused Revolving Loan Commitment” means, with
respect to any Lender at any date of determination, (a) such Lender’s Revolving Loan Commitment at such time, minus (b) the Equivalent Amount in U.S. Dollars as of such date of (c) the aggregate principal amount of all
Revolving Loans made by such Lender and outstanding on such date (excluding, for the avoidance of doubt, any Swing Line Loans then outstanding), plus (d) such Lender’s Pro Rata Share of (x) the aggregate Available Amount of all
Letters of Credit issued for the account of any Borrower and outstanding on such date, plus (y) the aggregate principal amount of all Letter of Credit Advances outstanding on such date in respect of Letters of Credit issued for the
account of any Borrower. 
 “Administrative Agent” means Rabobank in its capacity as
administrative agent for the Lenders under this Agreement and the other Loan Documents and its successors in such capacity. 
 “Administrative Agent’s Account” means: 
 (a) for U.S. Dollars, the account of the Administrative Agent with JPMorgan Chase Bank N.A., ABA # 021000021, For the Account of: Rabobank, New York Branch, Account No. 400-212307, For Further Credit
to: AGCO Corporation, Reference: Loan Synd./ 80900, Attention: Loan Syndications/Sui Price; 
 (b) for Sterling,
the account of the Administrative Agent maintained with HSBC London, Swift # MIDLGB22, For the Account of: Rabobank, London (RABOGB2L), Account No. SORT Code: 405091, For Further Credit to: Rabobank, New York Branch, Account No. 1429957021,
Reference AGCO Corporation; 
 (c) for Euros, the account of the Administrative Agent maintained with
Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., “Rabobank Nederland”, Utrecht Branch, The Netherlands, Swift # RABONL2U, For the Account of: Rabobank, New York Branch (RABOUS33), Account No. 390817333,
Reference: AGCO Corporation; or 

  
 2 

 (d) for Canadian Dollars, the account of the Administrative Agent maintained
with Canadian Imperial Bank of Commerce, ABA # CIBCCATT, For the Account of: Rabobank, New York Branch (RABOUS33), Account No. 1482610, Reference: AGCO Corporation. 

“Administrative Questionnaire” means an Administrative Questionnaire delivered by each Lender in
a form supplied by Administrative Agent. 
 “Affected Lender” has the meaning specified
in Section 10.5. 
 “Affiliate” means, as to any Person, any other Person
that, directly or indirectly, controls, is controlled by or is under common control with such Person or is a director, officer or partner of such Person. For purposes of this definition, the term “control” (including the terms
“controlling,” “controlled by” and “under common control with”) of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person, whether through the
ownership of Equity Interests, by contract or otherwise. 
 “AGCO” has the meaning
specified in the introductory paragraph of this Agreement. 
 “AGCO BV” has the meaning
specified in the introductory paragraph of this Agreement. 
 “AGCO UK” has the meaning
specified in the introductory paragraph of this Agreement. 
 “Agreed Alternative
Currency” means any currency (except U.S. Dollars, Sterling, Canadian Dollars and Euros) provided (a) AGCO requests, by notice to the Administrative Agent, that such currency be included as an Agreed Alternative Currency for
purposes of this Agreement, (b) such currency is freely transferable and is freely convertible into U.S. Dollars in the London foreign exchange market, (c) deposits in such currency are customarily offered to banks in the London interbank
market and (d) every Lender, by notice to the Administrative Agent, approves the inclusion of such currency as an additional Agreed Alternative Currency for purposes hereof. The Lender’s approval of any currency as an Agreed Alternative
Currency may be limited to a specified maximum U.S. Dollar Equivalent Amount or a specified period of time or both. 
 “Agreement” means this Credit Agreement, as modified, supplemented, amended, restated (including any amendment and restatement hereof), extended or renewed from time to time.

 “Agreement Date” means the date on which the conditions set forth in Sections
3.1 and 3.2 are satisfied (or waived in accordance with this Agreement). 

“Anti-Terrorism Laws” means, collectively, any law, regulation or order relating to terrorism,
national security, U.S. embargoes or other sanctions, or money laundering, including, without limitation, the International Emergency Economic Powers Act (50 U.S.C. § 1701 et seq.), the Trading with the Enemy Act (50 U.S.C. § 5
et seq.), the International Security Development and Cooperation Act (22 U.S.C. § 2349aa-9 et seq.), Executive Order No. 13224, 

  
 3 

 
and the USA Patriot Act, and any rules and regulations promulgated pursuant to or under the authority of any of the foregoing (including, without limitation, the rules and regulations promulgated
or administered by OFAC). 
 “Applicable Accounting Standards” means, as of the date of
this Agreement, GAAP; provided, however, that AGCO may, upon not less than sixty (60) days prior written notice to the Administrative Agent, change to IFRS; provided, however, (a) such notice of its change to
IFRS shall be accompanied by a description in reasonable detail of any material variation between the application of accounting principles under GAAP and the application of accounting principles under IFRS in calculating the financial covenants
under Section 6.10 hereof and the reasonable estimates of the difference between such calculations arising as a consequence thereof, and (b) if such change is deemed by the Administrative Agent to be material or detrimental to the
Lenders, such change shall not be effective for purposes of calculating the financial covenants hereunder until AGCO and the Required Lenders have agreed upon amendments to the financial covenants contained herein to reflect any change in such
basis. 
 “Applicable Law” means, in respect of any Person, all provisions of
constitutions, treaties, laws, statutes, rules, regulations, guidelines, permits and orders of a Governmental Authority applicable to such Person, and all orders and decrees of all courts and arbitrators in proceedings or actions to which the Person
in question is a party or by which it is bound. 
 “Applicable Lending Office” means,
with respect to each Lender, such Lender’s Domestic Lending Office in the case of a Base Rate Loan denominated in U.S. Dollars and such Lender’s LIBOR Lending Office for LIBO Rate Loans or Loans denominated in any Offshore Currency.

 “Applicable Margin” means, as of any date of determination, the per annum interest
rate margin from time to time in effect and payable, set forth below: 
  

															
	 Level
	  	 Net Leverage Ratio
	  	Applicable
Margin for LIBO
Rate Loans and
for Base Rate
Loans
in
Offshore
Currencies	 	 	Applicable
Margin for
Base Rate
Loans in U.S.
Dollars	 	 	Applicable
Margin for
Unused Fee	 
					
	 Level I
	  	Greater than or equal to 2.00 to 1.00	  	 	2.00	% 	 	 	0.50	% 	 	 	0.35	% 
					
	 Level II
	  	 Greater than or equal
 to 1.50 to 1.00 but less than 2.00 to 1.00
	  	 	1.75	% 	 	 	0.25	% 	 	 	0.30	% 
					
	 Level III
	  	Greater than or equal to 1.00 to 1.00 but less than 1.50 to 1.00	  	 	1.50	% 	 	 	0.00	% 	 	 	0.25	% 

  
 4 

															
	 Level
	  	 Net Leverage Ratio
	  	Applicable
Margin for LIBO
Rate Loans and
for Base Rate
Loans
in
Offshore
Currencies	 	 	Applicable
Margin for
Base Rate
Loans in U.S.
Dollars	 	 	Applicable
Margin for
Unused Fee	 
					
	 Level IV
	  	Greater than or equal to 0.50 to 1.00 but less than 1.00 to 1.00	  	 	1.25	% 	 	 	0.00	% 	 	 	0.20	% 
					
	 Level V
	  	Less than 0.50 to 1.00	  	 	1.00	% 	 	 	0.00	% 	 	 	0.15	% 

 ; provided, however, if, as of any date of determination and subject to
Section 1.3, AGCO’s corporate family rating (as updated to give effect to the Transactions) from (1) either S&P or Moody’s is not “BBB-” or “Baa3”, respectively, or better, the Applicable Margin for
both the Base Rate Loans and the LIBO Rate Loans shall be increased by 0.25% from the applicable amount shown in the table above and the Applicable Margin for the Unused Fee shall be increased by 0.05% from the applicable amount shown in the table
above, and (2) both S&P and Moody’s is not “BBB-” and “Baa3”, respectively, or better, the Applicable Margin for both the Base Rate Loans and the LIBO Rate Loans shall be determined without reference to Level V
above and, if the Net Leverage Ratio at such determination date is less than 0.50 to 1.00, the Applicable Margin shall instead be at Level IV for such period. The Applicable Margin for each Loan and the Unused Fee shall be determined by reference to
the Net Leverage Ratio in effect from time to time at the end of each Fiscal Quarter based on the financial statements for the most recently ended Fiscal Quarter and the three immediately preceding completed Fiscal Quarters; provided,
however, that (x) no change in the Applicable Margin shall be effective until three (3) Business Days after the date on which the Administrative Agent receives financial statements pursuant to Sections 5.1(a) and (b),
as the case may be, and a certificate of an Authorized Financial Officer of AGCO demonstrating such ratio, attaching thereto a schedule in form reasonably satisfactory to the Administrative Agent of the computations used by AGCO in determining such
Net Leverage Ratio, (y) the Applicable Margin shall be at Level III as set forth in the table above from the Agreement Date through and including the third Business Day after the Administrative Agent receives the information required by clause
(x) of this proviso for the first Fiscal Quarter ending December 31, 2011, and (z) the Applicable Margin shall be at Level I as set forth in the table above (i) if AGCO has not submitted to the Administrative Agent the
information described in clause (x) of this proviso as and when required under Sections 5.1(a) and (b), as the case may be, for so long as such information has not been received by the Administrative Agent, and (ii) at the
election of the Administrative Agent or the Required Lenders, upon the occurrence and during the continuation of any Event of Default (whether or not the Default Rate of interest shall then be in effect). Anything contained herein to the contrary
notwithstanding, in the event that any financial statement or any financial compliance schedule or certificate (a “Compliance Certificate”) required to be delivered pursuant to Section 5.1(c) is shown to be
inaccurate (regardless of whether this Agreement, or any Loans or Commitments are 

  
 5 

 
in effect or outstanding when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin with respect to any Loans or the
Unused Fee for any period (an “Applicable Period”) than the Applicable Margin applied for such Applicable Period, then the Borrowers shall immediately (a) deliver to the Administrative Agent a corrected Compliance
Certificate for such Applicable Period, (b) determine the Applicable Margin with respect to such Loans and the Unused Fee for such Applicable Period based upon the corrected Compliance Certificate, and (c) pay to the Administrative Agent
the accrued additional interest and the Unused Fee owing as a result of such increased Applicable Margin for such Applicable Period, which payment shall be promptly distributed to the Lenders. Notwithstanding the foregoing, the Applicable Margin for
any Incremental Term Loan shall be the interest rate margin per annum governing such Tranche of Incremental Term Loans as set forth in the related Notice of Incremental Term Loan Borrowing, subject to Section 2.14 hereof. This provision
shall not limit the rights of the Administrative Agent and the Lenders with respect to Section 2.5(c) and Article 7. 
 “Applicant Borrower” has the meaning specified in Section 2.13. 
 “Approved Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar
extensions of credit in the ordinary course of its business that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Asset Disposition” means the disposition of any or all of the assets (including, without
limitation, the Equity Interests in a Subsidiary or any ownership interest in a joint venture) of any Borrower or any Subsidiary whether by sale, lease, transfer or otherwise. 

“Assignment and Assumption” means an Assignment and Assumption entered into by a Lender and an
Eligible Assignee, accepted by the Administrative Agent, and in accordance with Section 9.6 and in substantially the form of Exhibit A hereto. 

“Authorized Financial Officer” of a Person means the Chief Financial Officer, the Treasurer, the
Assistant Treasurer, the Controller or such other senior officer of such Person holding an equivalent position. 

“Available Amount” of any Letter of Credit means, at any time, the maximum amount available to be
drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing). 
 “Bankruptcy Code” means the Bankruptcy Code in Title 11 of the United States Code, and any other laws relating to the conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws in any other country or jurisdiction (including, without limitation, the United Kingdom Insolvency Act of 1986), as the same may now or
hereafter be amended, and including any successor bankruptcy, insolvency, receivership or similar debtor relief law now or hereafter in effect. 

  
 6 

 “Base Rate” means, at any time, (a) with
respect to any Loans denominated in Canadian Dollars, the Canadian Prime Rate, (b) with respect to the Offshore Currency Loans (other than Loans denominated in Canadian Dollars), the Rabobank Cost of Funds Rate, and (c) with respect to any
Loans denominated in U.S. Dollars, the highest of (i) the Prime Rate at such time, (ii) 1/2 of 1% in excess of the Federal Funds Effective Rate at such time and (iii) the LIBO Rate for a LIBO Rate Loan in U.S. Dollars with a one-month
Interest Period commencing at such time plus 1.0%. For the purposes of this definition, the LIBO Rate shall be determined using the LIBO Rate as otherwise determined by Administrative Agent in accordance with the definition of LIBO Rate,
except that (x) if a given day is a Business Day, such determination shall be made on such day (rather than two Business Days prior to the commencement of an Interest Period) or (y) if a given day is not a Business Day, the LIBO Rate for
such day shall be the rate determined by Administrative Agent pursuant to preceding clause (x) for the most recent Business Day preceding such day. Any change in the Base Rate due to a change in the Canadian Prime Rate, the Rabobank Cost of
Funds Rate, the Prime Rate, the Federal Funds Effective Rate or such LIBO Rate shall be effective as of the opening of business on the day of such change in the Canadian Prime Rate, the Rabobank Cost of Funds Rate, the Prime Rate, the Federal Funds
Effective Rate or such LIBO Rate, respectively. 
 “Base Rate Loan” means any Loan
hereunder that bears interest based on the Base Rate plus the Applicable Margin in effect from time to time with respect to the Loans accruing at the Base Rate. 

“Blocked Person” has the meaning specified in Section 4.1(u). 

“Board” means the Board of Governors of the Federal Reserve System of the United States of
America. 
 “Board of Directors” means (a) with respect to a corporation, the board
of directors of such corporation or a duly authorized committee of the board of directors, (b) with respect to a partnership, the board of directors or similar body of the general partner (or, if more than one general partner, the managing
general partner) of such partnership, and (c) with respect to a limited liability company, any managing or other authorized committee of such limited liability company or any board of directors or similar body of any managing member.

 “Borrower” and “Borrowers” means each of the Initial
Borrowers and, if the conditions of Section 2.13 are satisfied, any other Designated Borrower. 

“Borrower’s Account” means the account of the Borrower requesting such a Borrowing, as
specified in such Borrower’s Notice of Borrowing. 
 “Borrowing” means
(a) Loans of the same Class and Type made, converted or continued on the same date and, in the case of LIBO Rate Loans, as to which a single Interest Period is in effect, or (b) a Swing Line Loan. 

“Borrowing Subsidiary” and “Borrowing Subsidiaries” means each of the
Borrowers other than AGCO. 

  
 7 

 “Business Day” means any day that is not a Saturday,
Sunday or other day on which commercial banks in New York City or Atlanta, Georgia are authorized or required by law to remain closed; provided that, when used in connection with a LIBO Rate Loan, the term “Business Day” shall also exclude
any day on which banks are not open for dealings in U.S. Dollars or the relevant Offshore Currency in the London interbank market or the principal financial center of such Offshore Currency (and, in connection with a borrowing, drawing, payment,
reimbursement or rate selection denominated in Euros, the term “Business Day” shall also exclude any day on which the TARGET System is not open for the settlement of payments in Euros). 

“Canadian Dollars” and “Cdn. $” each means the lawful currency of Canada.

 “Canadian Prime Rate” means, at any time, the greater of (a) the per annum rate
of interest designated from time to time by Rabobank Canada to be its reference rate then in effect on such day for determining interest rates on Canadian Dollar denominated commercial loans made by it in Canada, and (b) one percent
(1%) plus the one (1) month CDOR Rate from time to time (and in effect on such day) as advised by the Administrative Agent to the Canadian Borrower from time to time pursuant hereto, with any change in the rate of interest resulting
from a change in the Canadian Prime Rate to be effective as of the opening of business of Rabobank Canada on the day of such change; provided, however, that the Canadian Prime Rate is a reference rate and does not necessarily represent
the lowest or best rate charged to customers and that Rabobank Canada may make loans to others at a rate of interest at, above or below the Canadian Prime Rate. 

“Canadian Reference Banks” means three major chartered banks named on Schedule 1 to the Bank Act
(Canada), in each case chosen by Administrative Agent in its sole discretion. 
 “Capitalized
Leases” means all leases that have been or should be, in accordance with Applicable Accounting Standards, recorded as capitalized leases on a balance sheet of the lessee, excluding operating leases. 

“Cash Collateralize” means, to pledge and deposit with or deliver to the Administrative Agent,
for the benefit of one or more of the Issuing Banks or Lenders, as collateral for L/C Obligations or obligations of Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if the Administrative Agent and
each applicable Issuing Bank shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the Administrative Agent and each applicable Issuing Bank. “Cash
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 
 “Cash Equivalents” means, for any Person, any of the following, to the extent owned by such Person free and clear of all Liens, other than Permitted Liens and having a maturity of
not greater than one (1) year from the date of acquisition: (a) readily marketable direct obligations of the government of the United States or any agency or instrumentality thereof or obligations unconditionally guaranteed by the full
faith and credit of the government of the United States, (b) readily marketable direct obligations denominated in U.S. Dollars of any other sovereign government or any agency or instrumentality thereof which are unconditionally guaranteed by
the full faith and credit of such government and which have a rating equivalent to at least 

  
 8 

 
“Prime-1” (or the then equivalent grade) by Moody’s or “A-1” (or the then equivalent grade) by S&P, (c) insured certificates of deposit of, time deposits, or
bankers’ acceptances with any commercial bank that issues (or the parent of which issues) commercial paper rated as described in clause (d) below, is organized under the laws of the United States or any state thereof or is a foreign bank
or branch or agency thereof acceptable to the Administrative Agent and, in any case, has combined capital and surplus of at least U.S. $1,000,000,000 (or the foreign currency equivalent thereof) or (d) commercial paper issued by any corporation
organized under the laws of any state of the United States or any commercial bank organized under the laws of the United States or any state thereof or any foreign bank, in each case rated at least “Prime-1” (or the then equivalent grade)
by Moody’s or “A-1” (or the then equivalent grade) by S&P. 
 “CDOR Rate
means the per annum rate determined pursuant to clause (d) of the definition of LIBO Rate set forth herein. 
 “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following:
(a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority
or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank
Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in
Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control”
means at any time, the occurrence of any of the following: (a) any Person or two or more Persons (including any “group” as that term is used in Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934) acting in
concert shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of voting Equity Interests in AGCO (or other securities
convertible into such voting Equity Interests) representing thirty-five percent (35%) or more of the combined voting power of all voting Equity Interests in AGCO; or (b) a majority of the members of the Board of Directors of AGCO shall
cease to be composed of individuals (i) who were members of that Board of Directors of AGCO on the Agreement Date or (ii) whose election to the Board of Directors of AGCO, or whose nomination for election by AGCO’s stockholders, was
approved by a vote of at least two-thirds of the members of the Board of Directors of AGCO who were either directors on the Agreement Date or whose election or nomination for election was previously so approved; or (c) any “Change of
Control”, as defined in any of the Subordinated Debt Documents shall occur. 

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the
Loans comprising such Borrowing, are Revolving Loans, Initial Term Loans, Incremental Term Loans, or Swing Line Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving Loan Commitment or Term Loan
Commitment. 

  
 9 

 “Commitment” means a Revolving Loan Commitment, Term
Loan Commitment, or any combination thereof (as the context requires). 

“Communications” has the meaning specified in Section 9.2(a). 

“Computation Date” means the date on which the Equivalent Amount of any Offshore Currency Loan is
determined. 
 “Consolidated” refers to the consolidation of accounts in accordance with
Applicable Accounting Standards, except that, in the case of AGCO, notwithstanding Applicable Accounting Standards, “Consolidated” shall refer to the consolidation of accounts of AGCO and its Subsidiaries, with any Finance Company being
accounted for on an equity basis of accounting. 
 “Consolidated EBITDA” means, for any
period, Consolidated Net Income for such period, plus (a) without duplication and to the extent reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of (i) Consolidated Net Interest Expense
for such period, (ii) amounts in respect of taxes imposed on or measured by income or excess profits (other than income taxes (either positive or negative) attributable to extraordinary and non-recurring gains or losses on sales of assets, to
the extent such gains or losses are not included in the definition of Consolidated Net Income), (iii) depreciation and amortization expense, (iv) extraordinary or non-recurring cash expenses, and (v) all other non-cash items reducing
Consolidated Net Income (other than items that will require cash payments and for which an accrual or reserve is, or is required by Applicable Accounting Standards to be, made), minus (b) all non-cash items or extraordinary or
non-recurring gains increasing Consolidated Net Income for such period, all as determined in accordance with Applicable Accounting Standards; provided, however, in determining Consolidated EBITDA for any period prior to the Agreement
Date, the Acquired Business shall be treated as having been acquired on the first day of such period, and the Consolidated EBITDA for AGCO and its Subsidiaries (including the Acquired Business) for such periods shall be deemed to be the amount
designated for such periods set forth on Schedule C hereto, respectively. 
 “Consolidated
Interest Expense” means, for any period, the interest expense of AGCO and its Subsidiaries calculated on a consolidated basis for such period with respect to all outstanding Indebtedness of AGCO and its Subsidiaries allocable to such
period in accordance with Applicable Accounting Standards (including, without limitation, interest expense under Capitalized Leases that is treated as interest in accordance with Applicable Accounting Standards, all commissions, discounts and other
fees and charges owed with respect to letters of credit and bankers acceptance financing and net costs under all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and interest rate insurance to the extent
such net costs are allocable to such period in accordance with Applicable Accounting Standards); provided, however, in determining Consolidated Interest Expense for any period prior to the Agreement Date, the Acquired Business shall be
treated as having been acquired on the first day of such period, and the Consolidated Interest Expense for AGCO and its Subsidiaries (including the Acquired Business) for such periods shall be deemed to be the amount designated for such periods set
forth on Schedule C hereto, respectively. 

  
 10 

 “Consolidated Interest Income” means, for any
period, the sum of all amounts that would be included, for purposes of determining Consolidated Net Income, as income of AGCO and its Subsidiaries for such period in respect of interest payments by third parties to AGCO and its Subsidiaries.

 “Consolidated Net Income” means, for any period, the net income (or deficit) of AGCO
and its Subsidiaries for such period (taken as a cumulative whole), after deducting all operating expenses, provisions for all taxes and reserves (including reserves for deferred income taxes) and all other proper deductions, after eliminating all
intercompany transactions and after deducting portions of income properly attributable to minority interests, if any, in the stock and surplus of Subsidiaries, provided that there shall be excluded for purposes of calculating Consolidated Net
Income: (a) the income (or deficit) of any Person (other than a Subsidiary) in which AGCO or any Subsidiary has an ownership interest, except to the extent that any such income has been actually received by AGCO or such Subsidiary in the form
of cash dividends or similar distributions; (b) the undistributed earnings of any Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary is not at the time permitted by the terms of its
charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to such Subsidiary; (c) any aggregate net gain or aggregate net loss during such period arising from the sale, exchange or other
disposition of capital assets (such term to include all fixed assets, whether tangible or intangible, all Inventory sold in conjunction with the disposition of fixed assets, and all securities); (d) any write-up of any asset, or any write-down
of any asset other than Receivables or Inventory; (e) any net gain from the collection of the proceeds of life insurance policies; (f) any gain or loss arising from the acquisition of any securities, or the extinguishment, under Applicable
Accounting Standards, of any Indebtedness, of AGCO or any Subsidiary; and (g) any net income or gain or any net loss during such period from any change in accounting, from any discontinued operations or the disposition thereof, from any
extraordinary events or from any prior period adjustments. 
 “Consolidated Net Interest
Expense” means, for any period, (a) Consolidated Interest Expense for such period, minus (b) Consolidated Interest Income for such period. 

“Consolidated Net Tangible Assets” means the total assets of AGCO and its Subsidiaries on a
Consolidated basis after deducting therefrom (a) all current liabilities (except for indebtedness payable by its terms more than one year from the date of incurrence thereof or renewable or extendible at the option of the obligor for a period
ending more than one year after such date of incurrence) and (b) all goodwill, trade names, trademarks, franchises, patents, unamortized debt discount and expense, organization and developmental expenses and other like segregated intangibles,
all as computed in accordance with Applicable Accounting Standards; provided, that any items constituting deferred income taxes, deferred investment tax credit or other similar items shall not be taken into account as a liability or as a deduction
from or adjustment to total assets. 

  
 11 

 “Continuation”, “Continue”
and “Continued” each refer to a continuation of a LIBO Rate Loan at the end of its Interest Period into a LIBO Rate Loan with a new Interest Period pursuant to Section 2.7. 

“Conversion”, “Convert” and “Converted” each
refer to a conversion of Loans of one Type into Loans of the other Type pursuant to Section 2.7. 

“Currency Exchange Excess” has the meaning specified in Section 2.4(b). 

“Default” means any of the events specified in Section 7.1 regardless of whether
there shall have occurred any passage of time or giving of notice (or both) that would be necessary in order to constitute such event an Event of Default. 
 “Defaulting Lender” means, subject to Section 2.11(f), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of
the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrowers in writing that such failure is the result of such Lender’s good faith reasonable determination that one or more
conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Bank, the
Swing Line Bank or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swing Line Loans) within two Business Days of the date when due, (b) has notified the
Borrowers, the Administrative Agent, any Issuing Bank or the Swing Line Bank in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement
relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s good faith reasonable determination that a condition precedent to funding (which condition precedent, together with any
applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), or (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrowers, to confirm in
writing to the Administrative Agent and the Borrowers that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of
such written confirmation by the Administrative Agent and the Borrowers). Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (c) above shall be conclusive and
binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.11(f)) upon delivery of written notice of such determination to AGCO, each Issuing Bank, the Swing Line Bank and each Lender.

 “Default Rate” means a simple per annum interest rate equal to, (a) with respect
to outstanding principal, the sum of (i) the Base Rate or the LIBO Rate, as applicable, plus (ii) the highest Applicable Margin, plus (iii) two percent (2%), and (b) with respect to all other Obligations, the sum of
(i) the Base Rate, plus (ii) the highest Applicable Margin, plus (iii) two percent (2%). 
 “Designated Borrower” has the meaning specified in Section 2.13. 

  
 12 

 “Designated Borrower Notice” has the meaning
specified in Section 2.13. 
 “Designated Borrower Request and Assumption
Agreement” has the meaning specified in Section 2.13. 
 “Domestic
Borrower” means AGCO and any other Borrower that is a Domestic Subsidiary. 
 “Domestic
Lending Office” means, with respect to any Lender, its office located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Domestic Lending Office), or such other office
of such Lender as such Lender may from time to time specify to AGCO and the Administrative Agent. 

“Domestic Subsidiary” means a Subsidiary of AGCO that is organized or formed under the laws of
the United States or any jurisdiction thereof. 
 “Eligible Assignee” means any Person
other than (a) any Borrower or any Affiliate or Subsidiary of a Borrower, or (b) any Impacted Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described
in this clause (b). 
 “EMU Legislation” means the legislative measures of the European
Council for the introduction of, changeover to or operation of a single or unified European currency. 

“Environmental Action” means any administrative, regulatory, or judicial action, suit, demand,
demand letter, claim, notice of non-compliance or violation, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law (including any permit, approval, license, or other authorization required under
any Environmental Law) including, without limitation (a) any claim by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any Environmental Law, and (b) any
claim by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from Hazardous Materials or arising from alleged injury or threat of injury to the environment or, to public health
and welfare in respect of Hazardous Materials. 
 “Environmental Law” means, with
respect to any property or Person, any federal, state, provincial, local or foreign law, rule, regulation, order, writ, judgment, injunction, decree, determination or award applicable to such property or Person relating to the environment, public
health and welfare in respect of Hazardous Materials, including, without limitation, to the extent applicable to such property or Person, CERCLA, the Resource Conservation and Recovery Act, the Hazardous Materials Transportation Act, the Clean Water
Act, the Toxic Substances Control Act, the Clean Air Act, the Safe Drinking Water Act, the Atomic Energy Act, the Federal Insecticide, Fungicide and Rodenticide Act and the Occupational Safety and Health Act, as any of the foregoing may be from time
to time amended, supplemented or otherwise modified. 
 “Equity Interests” means shares
of the capital stock (including common and preferred shares), partnership interests, membership interest in a limited liability company, beneficial interests in a trust or other equity interests in a Person. 

  
 13 

 “Equity Issuance” means any issuance or sale by AGCO
or any of the Subsidiaries on or after the Agreement Date of: (a) any of its Equity Interests; or (b) any Equity Rights (other than any warrants or options issued to directors, officers or employees of AGCO or any of the Subsidiaries
pursuant to employee benefit plans established in the ordinary course of business and any Equity Interests in AGCO or its Subsidiary issued upon the exercise of such warrants or options); provided that Equity Issuance shall not include any
such issuance or sale by any Subsidiary of AGCO to AGCO or any Wholly Owned Subsidiary of AGCO. 

“Equity Rights” means, with respect to any Person, any subscriptions, options, warrants,
commitments, preemptive rights or agreements of any kind (including any shareholders’ or voting trust agreements) for the issuance, sale, registration or voting of, or securities convertible into, any additional Equity Interests in such Person.

 “Equivalent Amount” means (a) whenever this Agreement requires or permits a
determination on any date of the equivalent in U.S. Dollars of an amount expressed in an Offshore Currency, the equivalent amount in U.S. Dollars of such amount expressed in an Offshore Currency as determined by the Administrative Agent on such date
on the basis of the Spot Rate for the purchase of U.S. Dollars with such Offshore Currency on the relevant Computation Date provided for hereunder; or (b) whenever this Agreement requires or permits a determination on any date of the equivalent
amount in an Offshore Currency of such amount expressed in U.S. Dollars, the equivalent amount in such Offshore Currency of such amount expressed in U.S. Dollars as determined by the Administrative Agent on such date on the basis of the Spot Rate
for the purchase of such Offshore Currency with U.S. Dollars on the relevant Computation Date provided for hereunder. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, supplemented or otherwise modified from time to time, and the regulations promulgated and rulings
issued thereunder. 
 “ERISA Affiliate” of any Person means any other Person that for
purposes of Title IV of ERISA is a member of such Person’s controlled group, or under common control with such Person, within the meaning of Section 414 of the Internal Revenue Code. 

“ERISA Event” with respect to any Person means: 

(a) either (i) the occurrence of a reportable event, within the meaning of Section 4043 of ERISA, with respect
to any Plan for which such Person or any of its ERISA Affiliates is the plan administrator or the contributing sponsor, as defined in Section 4001(a)(13) of ERISA unless the thirty (30)-day notice requirement with respect to such event has been
waived by the PBGC, or (ii) the requirements of subsection (b) of Section 4043 of ERISA (without regard to subsection (2) of such Section) are met with respect to a contributing sponsor, as defined in Section 4001(a)(13) of
ERISA, of a Plan, and an event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following thirty (30) days; 

(b) the provision by the administrator of any Plan of such Person or any of its ERISA Affiliates of a notice of intent to
terminate such Plan, pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); 

  
 14 

 (c) the cessation of operations at a facility of such Person or any of its
ERISA Affiliates in the circumstances described in Section 4062(e) of ERISA; 
 (d) the withdrawal by such
Person or any of its ERISA Affiliates from a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA; 

(e) the failure by such Person or any of its ERISA Affiliates to make a payment to a Plan required under
Section 303(k) of ERISA or Internal Revenue Code Section 430(k); 
 (g) a Plan subject to Title IV or
ERISA is in “at risk status” within the meaning of Internal Revenue Code Section 430(i), or a Multiemployer Plan is in “endangered status” or “critical status” within the meaning of Internal Revenue Code
Section 432(b); or 
 (h) the institution by the PBGC of proceedings to terminate a Plan of such Person or
any of its ERISA Affiliates, pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that could constitute grounds for the termination of, or the appointment of a trustee to
administer, such Plan. 
 “European Term Loan Credit Agreement” means that certain
Credit Agreement dated May 2, 2011, by and among, AGCO International GmbH, as borrower, AGCO and Rabobank, as a lender and as administrative agent for the lenders. 

“Euros” and the designation “€” each mean the lawful currency of the
“participating member states” (as described in the EMU Legislation) introduced in accordance with the EMU Legislation. 
 “Event of Default” has the meaning specified in Section 7.1. 
 “Excluded Taxes” means, any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes
imposed on or measured by net income (however denominated), and franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case
of any Lender, its Applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed
on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (x) such Lender acquires such interest in the Loan or Commitment (other than
pursuant to an assignment request by the Borrower under Section 10.5) or (y) such Lender changes its Applicable Lending Office, except in each case to the extent that, pursuant to Section 10.4, amounts with respect to
such Taxes were payable either to such Lender's assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Applicable Lending Office, (c) Taxes attributable to such Recipient’s failure
to comply with Section 10.4(e), (d) any U.S. federal withholding Taxes imposed under FATCA. 

  
 15 

 “Executive Order No. 13224” means Executive
Order No. 13224 on Terrorist Financing, effective September 24, 2001, as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 

“Existing Credit Agreement” has the meaning specified in the recitals hereto. 

“Existing L/Cs” has the meaning specified in Section 2.10(a). 

“Existing Subsidiaries” means the Subsidiaries of AGCO as of the Agreement Date excluding the
Target and the Acquired Business. 
 “Farm Credit Bank” means a lending institution
organized and existing pursuant to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration. 
 “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and
not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 
 “Federal Funds Effective Rate” means, for any day, the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by
federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such
transactions received by Administrative Agent from three federal funds brokers of recognized standing selected by it. 
 “Fee Letter” means that certain fee letter dated as of the date hereof executed by AGCO and the other Borrowers and addressed to the Administrative Agent. 

“Finance Company” means any of AGCO Finance LLC, AGCO Finance Canada, Ltd., Agricredit Ltd.,
Agricredit Ltd. Ireland, Agricredit S.N.C., Agricredit GmbH, Agricredit do Brasil, Ltda. and any other Person (a) not a Subsidiary of AGCO, (b) in whom AGCO or its Subsidiaries holds an Investment, and (c) which is engaged primarily
in the business of providing retail financing to purchasers of agricultural equipment. 
 “Fiscal
Quarter” means each three (3) month period beginning on the first day of each of the following months: January, April, July and October. 
 “Fiscal Year” means a year commencing on January 1 and ending on December 31. 
 “Foreign Government Scheme or Arrangement” has the meaning specified in Section 4.1(l). 

“Foreign Plan” has the meaning specified in Section 4.1(l). 

  
 16 

 “Foreign Subsidiary” means a Subsidiary of AGCO not
organized under the laws of the United States or any jurisdiction thereof. 
 “Fronting
Exposure” means, at any time any Revolving Loan Lender is an Impacted Lender, (a) with respect to any Issuing Bank, such Impacted Lender’s Pro Rata Share of the outstanding L/C Obligations with respect to Letters of Credit
issued by such Issuing Bank other than L/C Obligations as to which such Impacted Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to
the Swing Line Bank, such Impacted Lender’s Pro Rata Share of outstanding Swing Line Loans made by the Swing Line Bank other than Swing Line Loans as to which such Impacted Lender’s participation obligation has been reallocated to other
Lenders. 
 “Funded Debt” means without double-counting, with respect to AGCO on a
Consolidated basis, as of any date of determination, all obligations of the type described in clauses (a) through (d) of the definition of “Indebtedness” set forth in Article 1 and any Guaranty of any of the foregoing for
which a demand for payment has been received, and specifically including, without limitation, the amount of Outstandings hereunder. 
 “GAAP” means generally accepted accounting principles in the United States of America as in effect from time to time as set forth in the opinions and pronouncements of the
Accounting Principles Board and the American Institute of Certified Public Accounts and the statements and pronouncements of the Financial Accounting Standards Board which are applicable to the circumstances as of the date of determination
consistently applied. 
 “Governmental Authority” means the government of the United
States of America or any other nation or supra-national body, or of any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guaranty” or “Guaranteed,” as applied to any Indebtedness, lease or
other obligations (each a “primary obligation”), means and includes (a) any guaranty, direct or indirect, in any manner, of any part or all of such primary obligation, and (b) any agreement, direct or indirect, contingent or
otherwise, the practical effect of which is to assure in any way the payment or performance (or payment of damages in the event of non-performance) of any part or all of such primary obligation, including, without limiting the foregoing, any
reimbursement obligations as to amounts drawn down by beneficiaries of outstanding letters of credit, and any obligation of such Person (the “primary obligor”), whether or not contingent, (i) to purchase any such primary obligation or
any property or asset constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of such primary obligation or (2) to maintain working capital, equity capital or the net worth,
cash flow, solvency or other balance sheet or income statement condition of any other Person, (c) to purchase property, assets, securities or services primarily for the purpose of assuring the owner or holder of any primary obligation of the
ability of the primary obligor with respect to such primary obligation to make payment thereof or (d) otherwise to assure or hold harmless the owner or holder of such primary obligation against loss in respect thereof; provided,
however, “Guaranty” shall not include non-binding comfort letters limited to corporate intent or policies. 

  
 17 

 “Guarantors” means (a) each Domestic Subsidiary
of AGCO that is a Material Subsidiary on the Agreement Date and each of the other Persons listed under the heading of “Guarantor” on Schedule G hereof, and (b) each other Person that delivers a Guaranty Agreement
at any time hereafter in compliance with Sections 2.13(a) or 5.12. 
 “Guaranty
Agreements” means the guaranty agreements, guaranty and indemnity deeds, and other similar agreements delivered on the Agreement Date by each of the Persons listed under the heading of “Guarantor” on Schedule
G hereto, guaranteeing or providing an indemnity for the obligations described on Schedule G hereto, and any other agreement delivered after the Agreement Date (including by way of supplement or amendment to any guaranty or indemnity
agreement) by any Person providing an indemnity or guaranty of all or any part of the Obligations, in each case as amended, supplemented or modified from time to time in accordance with its terms. 

“Hazardous Materials” means any pollutants, contaminants, toxic or hazardous substances,
materials, wastes, constituents, compounds, chemicals, natural or manmade elements or forces (including, without limitation, petroleum or any by-products or fractions thereof, any form of natural gas, lead, asbestos and asbestos-containing materials
building construction materials and debris, polychlorinated biphenyls and polychlorinated biphenyls-containing equipment, radon and other radioactive elements, ionizing radiation, electromagnetic field radiation and other non-ionizing radiation,
sonic forces and other natural forces, infectious, carcinogenic, mutagenic, or etiologic agents, pesticides, defoliants, explosives, flammables, corrosives and urea formaldehyde foam insulation) that are regulated by, or may now or in the future
form the basis of liability under, any Environmental Laws. 
 “Hedging
Obligations” means obligations under any agreement with respect to any cap, swap, collar, forward, listed future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more interest
rates, currency exchange rates, or commodity prices, and designed to provide protection against fluctuations in interest rates, currency exchange rates or commodity prices, whether or not any such transaction is governed by or subject to any master
agreement. 
 “IFRS” means the International Financial Reporting Standards, as
promulgated by the International Accounting Standards Board. 
 “Impacted Lender” means
a Defaulting Lender or a Lender that has, or has a direct or indirect parent company that has, (a) become the subject of a proceeding under any liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws, or (b) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with
reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be an Impacted Lender
solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent 

  
 18 

 
company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or
from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the
Administrative Agent that a Lender is an Impacted Lender under this definition shall be conclusive and binding absent manifest error. 
 “Incremental Term Loan” has the meaning specified in Section 2.14(a). 
 “Incremental Term Loan Borrowing” means a borrowing consisting of simultaneous Incremental Term Loans of the same Tranche made to a Borrower. 

“Indebtedness” means, with respect to any Person on any date of determination (without
duplication): (a) the principal of and premium (if any) in respect of (i) indebtedness of such Person for money borrowed and (ii) indebtedness evidenced by notes, debentures, bonds or other similar instruments for the payment of which
such Person is responsible or liable; (b) all obligations under Capitalized Leases of such Person; (c) all obligations of such Person issued or assumed as the deferred purchase price of property or services, all conditional sale
obligations of such Person and all obligations of such Person under any title retention agreement (excluding trade accounts payable and accrued liabilities arising in the ordinary course of business but only if and so long as such accounts are
payable on trade terms customary in the industry); (d) all obligations of such Person for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction (other than obligations with respect to
letters of credit securing obligations (other than obligations described in (a) through (c) above) entered into in the ordinary course of business of such Person to the extent such letters of credit are not drawn upon or, if and to the
extent drawn upon, such drawing is reimbursed no later than the tenth Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit); (e) the amount of all obligations of such Person with
respect to the redemption, repayment or other repurchase of the Equity Interests in such Person; (f) all obligations of the type referred to in clauses (a) through (e) above of other Persons and all dividends of other Persons for the
payment of which, in either case, such Person is responsible or liable, directly or indirectly, as obligor, guarantor or otherwise, including by means of any Guaranty; and (g) all obligations of the type referred to in clauses (a) through
(f) above of other Persons secured by any Lien on any property or asset of such Person (whether or not such obligation is assumed by such Person), the amount of such obligation being deemed to be the lesser of the value of such property or
assets or the amount of the obligation so secured. The amount of Indebtedness of any Person at any date shall be the outstanding balance at such date of all unconditional obligations as described above and the maximum liability, upon the occurrence
of the contingency giving rise to the obligation, of any contingent obligations as described above at such date; provided, however, that Indebtedness under New Market Tax Credit Transactions shall be calculated on a basis that is net
of the principal amount plus capitalized interest of any leverage loan made by AGCO or any of its Subsidiaries in such New Market Tax Credit Transaction. For purposes of this Agreement, Indebtedness, with respect to any Person as of any date, means
the actual amount of Indebtedness then outstanding with respect to which such Person is then liable without deduction for any discount therefrom as may be reflected on such Person’s financial statements to reflect the value of any warrants or
other equity securities that 

  
 19 

 
may be issued together with such Indebtedness. Notwithstanding the foregoing, for all purposes other than the definition of “Permitted Liens” and Section 6.2 of this Agreement,
Indebtedness shall not include (a) obligations incurred in connection with Tax Incentive Transactions or (b) the factoring of Receivables permitted hereunder, provided that the Receivables subject to such factoring arrangement are not
required under Applicable Accounting Standards to be included on the Consolidated balance sheet of AGCO and its Subsidiaries. 
 “Indemnified Party” has the meaning specified in Section 9.4. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party under any
Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 
 “Information
Memorandum” means the Confidential Information Memorandum dated October 2011 relating to AGCO and the Transactions. 
 “Initial Borrower” and “Initial Borrowers” have the respective meanings specified in the introductory paragraph of this Agreement; provided that
immediately upon the merger of Target with Merger Sub, Target (as successor to Merger Sub) shall become an “Initial Borrower” for all purposes under this Agreement. 

“Initial Lenders” means each of the banks, financial institutions and other Persons signing this
Agreement as a “Lender” on the Agreement Date. 
 “Initial Term Loan” has the
meaning specified in Section 2.1(b). 
 “Initial Term Loan Repayment
Percentage” means, with respect to any Fiscal Quarter, the result, expressed as a percentage, obtained by dividing (a) the principal amount of the Initial Term Loans required to be repaid during such Fiscal Quarter under
Section 2.4(c)(i), by (b) the outstanding principal amount of the Initial Term Loans immediately prior to such principal payment. 
 “Insufficiency” means, with respect to any Plan, the amount, if any, of its unfunded benefit liabilities, as defined in Section 4001(a)(18) of ERISA. 

“Interest Coverage Ratio” means, on any date of determination, the ratio of (a) Consolidated
EBITDA for the most recent Fiscal Quarter of AGCO for which financial statements have been delivered to the Administrative Agent pursuant to Sections 5.1(a) or (b) and for the three complete Fiscal Quarters of AGCO immediately
preceding such Fiscal Quarter to (b) Consolidated Interest Expense for the most recent Fiscal Quarter of AGCO for which financial statements have been delivered to the Administrative Agent pursuant to Sections 5.1(a) or
(b) and for the three complete Fiscal Quarters of AGCO immediately preceding such Fiscal Quarter. 

“Interest Period” means, for each LIBO Rate Loan comprising part of the same Borrowing (or
portion of the same Borrowing), the period commencing on the date of such LIBO Rate Loan or the date of Conversion of any Base Rate Loan into such LIBO Rate Loan, and ending on the last day of the period selected by any Borrower pursuant to the
provisions below 

  
 20 

 
and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower requesting a
Borrowing pursuant to the provisions below. The duration of each such Interest Period shall be one (1), two (2), three (3) or six (6) months, as such Borrower may, upon notice received by the Administrative Agent not later than 11:00 a.m.
(New York City time) on the third Business Day prior to the first day of such Interest Period, select; provided that: 
 (a) if any Borrower fails to select the duration of any Interest Period for a LIBO Rate Loan, the duration of such Interest Period shall be one month; 

(b) whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day
of such Interest Period shall be extended to occur on the next succeeding Business Day; provided that, if such extension would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest
Period shall occur on the next preceding Business Day; 
 (c) whenever the first day of any Interest Period
occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such
Interest Period shall end on the last Business Day of such succeeding calendar month; and 
 (d) such Borrower
shall not select an Interest Period that ends after the Maturity Date. 
 “Internal Revenue
Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “Inventory” means, with respect to any Person, all “inventory” as that term is defined in the Uniform Commercial Code, including, without limitation, all goods,
merchandise and other personal property owned and held for sale in the ordinary course of its business, and all raw materials, work or goods in process, materials and supplies of every nature which contribute to the finished products of such Person.

 “Investment” by any Person in any other Person means any direct or indirect advance,
loan (other than advances to wholesale or retail customers in the ordinary course of business that are recorded as Receivables on the balance sheet of such Person) or other extensions of credit (including by way of Guaranty or similar arrangement)
or capital contributions to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase or acquisition of Equity Interests, Indebtedness or other similar
instruments issued by such Person. 
 “IRS” means the United States Internal Revenue
Service. 
 “Issuing Bank” means (a) Rabobank, in its capacity as an issuer of
Letters of Credit hereunder, and its successors in such capacity as provided in Section 9.6, (b) any Lender that is an issuer of an Existing L/C, and (c) any other Lender hereunder, which, at the request of AGCO, agrees and in
such Lender’s sole discretion, issues one or more Letters of Credit 

  
 21 

 
hereunder for the accounts of one or more of the Borrowers; provided that with respect to each such Lender described in clauses (b) and (c) above, such Lender shall be deemed to
be an “Issuing Bank” hereunder for all purposes but solely with respect to, the Letters of Credit issued by such Lender hereunder and the L/C Obligations arising thereunder. 

“L/C Cash Collateral Account” has the meaning specified in Section 7.3. 

“L/C Related Documents” has the meaning specified in Section 2.10(d). 

“L/C Obligations” any time, an amount equal to the sum of (a) the aggregate principal
Available Amount of all Letters of Credit denominated in U.S. Dollars and the Equivalent Amount of the Available Amount of all Letters of Credit denominated in Offshore Currencies, in either case outstanding on such date of determination, and
(b) the aggregate amount of all Letter of Credit Advances in U.S. Dollars and the Equivalent Amount of all Letter of Credit Advances in Offshore Currencies, in either case on outstanding on such date of determination and that have not then been
reimbursed pursuant to Section 2.10. 
 “Lenders” means each of the Initial
Lenders, any Additional Lenders in connection with an Incremental Term Loan, and any assignees of the Initial Lenders or the Additional Lenders who hereafter become parties hereto pursuant to and in accordance with Section 9.6, other
than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption; and “Lender” means any one of the foregoing Lenders. Unless the context requires otherwise, the term “Lenders” includes
the Swing Line Bank. 
 “Letter of Credit” has the meaning specified in
Section 2.10(a); provided, however, no letter of credit issued by an Issuing Bank (other than a Person that is also the Administrative Agent) shall be deemed a “Letter of Credit” for purposes of this
Agreement unless and until the Administrative Agent shall have received written notice thereof from such Issuing Bank as required pursuant to Section 2.10(b)(i). 

“Letter of Credit Advance” means an advance made by an Issuing Bank pursuant to
Section 2.10(c). 
 “Letter of Credit Agreement” has the meaning specified
in Section 2.10(b). 
 “Letter of Credit Commitment” means the obligation of
Rabobank, in its capacity as an issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 9.6, to issue Letters of Credit hereunder; provided such obligations shall not exceed in the aggregate the
amount of the Letter of Credit Subfacility. 
 “Letter of Credit Subfacility” means the
aggregate Available Amounts of Letters of Credit the Issuing Banks may issue pursuant to Section 2.10(a), which shall not exceed U.S. $50,000,000. 

  
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 “LIBO Rate” means, for any Interest Period for any
LIBO Rate Loan comprising part of the same Borrowing in any currency, an interest rate per annum: 
 (a) in the
case of U.S. Dollars, equal to (i) the rate appearing on Bloomberg L.P. (the “Service”) Page BBAM1/(Official BBA USD Dollar Libor Fixings) (or on any successor or substitute page of the Service, or any successor to or
substitute for the Service, providing rate quotations comparable to those currently provided on such page of the Service, as determined by Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to
U.S. Dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, as the rate for U.S. Dollar deposits with a maturity comparable to
such Interest Period, multiplied by (ii) the Statutory Reserve Rate; 
 (b) in the case of Sterling,
equal to either (i) the rate per annum for deposits in Sterling that appears on page 3750 of the Telerate Plus Service (or any other page that may replace any such page on such service or is applicable to Sterling in the judgment of the
Administrative Agent), or (ii) if a rate cannot be determined pursuant to clause (i) above, a rate per annum equal to the average (rounded upwards, if necessary, to the next higher 1/16th of 1%) of the rate per annum, as determined by the
Administrative Agent in London, England, at which deposits in Sterling are available to prime banks in the interbank market, in either case at 11:00 a.m. (London time) two (2) Business Days before the first day of such Interest Period and for a
period equal to such Interest Period, 
 (c) in the case of Euros, equal to either (i) the rate per annum
for deposits in such currency that appears on Reuters Page EURIBOR-01 (or any successor page), or (ii) if a rate cannot be determined pursuant to clause (i) above, a rate per annum equal to the average (rounded upwards, if necessary, to
the next higher 1/16th of 1%) of the rate per annum, as determined by the Administrative Agent in London, England, at which deposits in Euros are available to prime banks in the Euro-zone interbank market, in either case at 11:00 a.m. (Brussels
time) two (2) Business Days before the first day of such Interest Period and for a period equal to such Interest Period; 
 (d) in the case of Canadian Dollars, either (i) the annual rate of discount or interest which is the arithmetic average of the discount rates for bankers’ acceptances denominated in Canadian
Dollars for such Interest Period and such amount identified as such on the Reuters Screen CDOR Page at approximately 10:00 a.m. (Toronto time) on the day such Notice of Borrowing is delivered, or if such day is not a Business Day, then on the
immediately preceding Business Day (as adjusted by the Administrative Agent after 10:00 a.m. (Toronto time) to reflect any error in any posted rate or in the posted average annual rate), or (ii) if a rate cannot be determined pursuant to clause
(i) above, a rate per annum calculated as the arithmetic average (rounded upwards, if necessary, to the next higher 1/16th of 1%) of the discount rates for bankers’ acceptances denominated in Canadian Dollars for such term and face amount
of, and as quoted by, the Canadian Reference Banks, as of 10:00 a.m. (Toronto time) on that day, or if that day is not a Business Day, then on the immediately preceding Business Day; and 

(e) in the case of any other Agreed Alternative Currencies, equal to the interest rate per annum as may be agreed to
between the Borrowers and the Revolving Loan Lenders from time to time. 

  
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 “LIBO Rate Loan” means a Loan denominated in U.S.
Dollars or in an Offshore Currency that bears interest at the LIBO Rate plus the Applicable Margin in effect for Loans accruing interest at the LIBO Rate from time to time. 

“LIBOR Lending Office” means, with respect to any Lender, such Lender’s office, branch or
affiliate located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its “LIBOR Lending Office”), or such other office, branch or affiliate of such Lender as
such Lender may from time to time specify to AGCO and the Administrative Agent; provided that any Lender may from time to time by notice to AGCO and the Administrative Agent designate separate LIBOR Lending Offices for its Loans in different
currencies, in which case all references herein to the LIBOR Lending Office of such Lender shall be deemed to refer to any or all of such offices, as the context may require. 

“Lien” means, with respect to any property, any mortgage, lien, pledge, assignment by way of
security, charge, hypothec, security interest, title retention agreement, levy, execution, seizure, attachment, garnishment, or other encumbrance of any kind in respect of such property, whether or not choate, vested, or perfected. 

“Loan” or “Loans” means, as applicable, a Revolving Loan, Term Loan, a
Swing Line Loan or a Letter of Credit Advance. 
 “Loan Documents” means this Agreement,
the Guaranty Agreements, all L/C Related Documents, the Fee Letter, each Notice of Borrowing, each Notice of Issuance, each Designated Borrower Request and Assumption Agreement, each Notice of Incremental Term Loan Borrowing, and all other
documents, instruments, certificates, and agreements executed or delivered by AGCO or its Subsidiaries in connection with or pursuant to this Agreement. 
 “Loan Parties” means the Borrowers and the Guarantors. 
 “Mandatory Cost Formulae” means, with respect to any period, the percentage rate per annum determined in accordance with Schedule M. 

“Margin Stock” has the meaning specified in Regulation U. 

“Material Adverse Effect” means, as of any date of determination, a material adverse effect on
(a) the business, financial condition, assets, liabilities, or operations of AGCO and its Subsidiaries, taken as a whole, (b) the material rights and remedies of the Administrative Agent or any Lender under any Loan Document, or
(c) the ability AGCO and the other Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents. 
 “Material Subsidiary” means, as of the Agreement Date, those direct and indirect Subsidiaries of AGCO as indicated in Schedule 4.1(b) hereto, and thereafter, any direct or
indirect Subsidiary of AGCO that, as a result of any acquisition, Investment, merger, reorganization, transfer of assets, or other change in circumstances after the Agreement Date, meets any of the following conditions: 

(a) AGCO’s and its other Subsidiaries’ proportionate share of the total assets, in the aggregate (after
intercompany eliminations), of such Subsidiary (and its Subsidiaries) exceeds ten percent (10%) of the total assets of AGCO and its Subsidiaries Consolidated as of the end of the most recently completed Fiscal Quarter; or 

  
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 (b) AGCO’s and its other Subsidiaries’ equity in the income from
continuing operations, in the aggregate, before income taxes, extraordinary items and cumulative effect of a change in accounting principles of such Subsidiary (and its Subsidiaries) exceeds ten percent (10%) of such income of AGCO and its
Subsidiaries Consolidated for the most recently completed Fiscal Year. 
 “Maturity
Date” means December 1, 2016. 
 “Merger Sub” has the meaning
specified in the introductory paragraph of this Agreement. 
 “Minimum Collateral
Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 105% of the Fronting Exposure of all Issuing Banks with respect to Letters of Credit outstanding at
such time, and (b) otherwise, an amount determined by the Administrative Agent and the Issuing Banks in their sole discretion. 
 “Moody’s” means Moody’s Investors Service, Inc. and it successors. 
 “Multiemployer Plan” of any Person means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, that is subject to ERISA and to which such Person or any of its ERISA
Affiliates is making or accruing an obligation to make contributions, or has within any of the preceding five (5) plan years made or accrued an obligation to make contributions. 

“Multiple Employer Plan” of any Person means a single employer plan, as defined in
Section 4001(a)(15) of ERISA, that is subject to ERISA and (a) is maintained for employees of such Person or any of its ERISA Affiliates and at least one Person other than such Person and its ERISA Affiliates or (b) was so maintained
and in respect of which such Person or any of its ERISA Affiliates could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 

“Net Cash Proceeds” means, with respect to any Asset Disposition or the sale or issuance of any
Indebtedness or Equity Interests, any securities convertible into or exchangeable for Equity Interests or any warrants, rights or options to acquire Equity Interests by any Person, the aggregate amount of cash received from time to time by or on
behalf of such Person in connection with such transaction, after deducting therefrom only (a) reasonable and customary brokerage commissions, underwriting fees and discounts, legal fees, finder’s fees and other similar fees and
commissions, (b) the amount of taxes payable in connection with or as a result of such transaction, and (c) the principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is secured by a
Lien on the assets in question, in each case to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash, actually paid to a Person that is not an Affiliate and are properly attributable to such
transaction or to the asset that is the subject thereof. 

  
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 “Net Leverage Ratio” means, at any date of
determination, the ratio of (a) the average of the amounts, calculated as of the last day of each Fiscal Quarter for the four Fiscal Quarter period then ended, equal to (i) the principal amount of Funded Debt outstanding as of the last day
of such Fiscal Quarter minus (ii) the total amount of Cash Equivalents on the Consolidated books of AGCO as of the last day of such Fiscal Quarter, to (b) Consolidated EBITDA for the four Fiscal Quarter period most recently ended
for which financial statements have been delivered to the Administrative Agent pursuant to Sections 5.1(a) and (b); provided, however, in calculating the amounts under clause (a) above for any period prior to the
Agreement Date, the Acquired Business shall be treated as having been acquired on the first day of such period, with Funded Debt and Cash Equivalents, respectively, for AGCO and its Subsidiaries (including the Acquired Business) for such periods
deemed to be the amounts designated for such periods set forth on Schedule C hereto, respectively. 

“New Market Tax Credit Transactions” means a transaction using “new market tax
credits” provided by Section 45D of the Internal Revenue Code, in which (a) a wholly-owned Domestic Subsidiary of AGCO receives two loans from a qualified “community development entity” (the “NMTC
Lender”) owned 99.99% by a third-party tax credit investor (the “NMTC Investor”) consisting of (i) an “A Loan” which is indirectly funded by a loan made by AGCO to the NMTC
Investor (the “Leverage Loan”) and (ii) a “B Loan” funded indirectly by a capital contribution from the NMTC Investor’s parent, the proceeds of each of which are used to finance or refinance
the costs incurred by such Domestic Subsidiary in connection with the expansion of certain manufacturing and warehouse facilities of such Domestic Subsidiary, (b) such loans are secured by substantially all of the assets of such Domestic
Subsidiary, (c) payments on the A Loan and the B Loan are sufficient to provide all debt service on the Leverage Loan, and (d) the principal amount of the B Loan is expected to be forgiven at the end of the seven-year “new markets tax
credit” compliance period under the Internal Revenue Code if the NMTC Investor exercises its put right requiring AGCO to buy its ownership interest in the NMTC Lender for $1,000. 

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment
that (a) requires the approval of all affected Lenders in accordance with the terms of Section 9.1 and (b) has been approved by the Required Lenders. 

“Non-Impacted Lender” means, at any time, each Lender that is not an Impacted Lender at such
time. 
 “Non-Material Domestic Subsidiary” means any Domestic Subsidiary that is not a
Material Subsidiary. 
 “Notice of Borrowing” has the meaning specified in
Section 2.2(a). 
 “Notice of Incremental Term Loan Borrowing” has the
meaning specified in Section 2.14(a). 
 “Notice of Issuance” has the
meaning specified in Section 2.10(b). 
 “Obligations” means, (a) all
payment and performance obligations of the Borrowers to the Lenders, the Issuing Banks, and the Administrative Agent under this Agreement and the 

  
 26 

 
other Loan Documents (including all Revolving Loans, Term Loans, Swing Line Loans and obligations under Letters of Credit and including any interest, fees and expenses that, but for the
provisions of the Bankruptcy Code, would have accrued), as they may be amended from time to time, or as a result of making the Loans or issuing the Letters of Credit, and (b) the obligation to pay an amount equal to the amount of any and all
damages which the Issuing Banks, the Lenders and the Administrative Agent, or any of them, may suffer by reason of a breach by any Loan Party of any obligation, covenant, or undertaking with respect to this Agreement or any other Loan Document.

 “OFAC” means the Office of Foreign Assets Control of the United States Department of
the Treasury. 
 “Offshore Currency” means (a) Sterling, Canadian Dollars and
Euros, and (b) any Agreed Alternative Currency. 
 “Offshore Currency Loan” means
any Loan denominated in an Offshore Currency. 
 “Original Currency” has the meaning
specified in Section 10.3. 
 “Other Connection Taxes” means, with respect
to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed
its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Currency” has the meaning specified in Section 10.3. 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording,
filing or similar Taxes that arise from any payment made from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except
any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 10.5). 
 “Outstandings” means, on any date of determination: 
 (a) the aggregate principal amount of all Swing Line Loans made to AGCO, plus the aggregate outstanding principal amount of the Term Loans, plus the aggregate principal amount of all Revolving Loans in
U.S. Dollars and of the Equivalent Amount in U.S. Dollars of all Revolving Loans in Offshore Currencies, in each case outstanding on such date of determination; plus 

(b) the L/C Obligations outstanding on such date of determination. 

“Participant” has the meaning specified in Section 9.6(h). 

“Participant Register” has the meaning specified in Section 9.6(i). 

  
 27 

 “Participating Member State” means each state so
described in any EMU Legislation. 
 “PBGC” means the Pension Benefit Guaranty
Corporation. 
 “Permitted Liens” means: 

(a) Liens incurred in the ordinary course of business which do not secure Indebtedness or Hedging Obligations and which
do not materially impair the value of, or materially interfere with the use of, in the ordinary course of business of AGCO and its Subsidiaries, the property affected and which do not, individually or in the aggregate, have a materially adverse
effect on the business of AGCO or such Subsidiaries affected thereby individually or of AGCO and its Subsidiaries on a Consolidated basis; 
 (b) Liens existing on the property of a Person immediately prior to it being acquired by AGCO or any of its Subsidiaries, or any Lien existing on any property acquired by AGCO or any of its Subsidiaries
at the time such property is so acquired; provided that (i) no such Lien shall secure Indebtedness or Hedging Obligations, (ii) no such Lien shall have been created or assumed in contemplation of such Person becoming a Subsidiary of
AGCO or such acquisition of property, and (iii) each such Lien shall at all times be confined solely to the item or items of property so acquired and the proceeds thereof; 

(c) Liens and rights of setoff of banks existing solely with respect to cash, Cash Equivalents or investment property on
deposit with such bank in one or more accounts maintained by any Loan Party or any Subsidiary, in each case granted in the ordinary course of business in favor of the bank or banks with which such accounts are maintained; 

(d) Liens on Receivables sold under any factoring arrangement permitted hereunder; 

(e) precautionary financing statements filed by lessors, or retained interests in leased equipment by lessors, with
respect to equipment leases under which AGCO or a Subsidiary is lessee; 
 (f) Liens arising in connection with
Tax Incentive Transactions; 
 (g) Liens securing Indebtedness permitted under Section 6.1(e)
arising in connection with New Market Tax Credit Transactions; 
 (h) Liens securing reimbursement obligations
with respect to letters of credit that encumber documents of title and/or property shipped under such letters of credit, to the extent incurred in the ordinary course of business; 

(i) mandatory liens in favor of unsecured creditors attaching to proceeds from the sale of property in a foreclosure or
similar proceeding imposed by law of any jurisdiction outside of the U.S. and which have not arisen to secure Indebtedness and do not in the aggregate materially detract from the value of such property or assets; 

  
 28 

 (j) Liens on cash or deposits to secure Hedging Obligations entered into in
the ordinary course of business to hedge risks or reduce costs with respect to interest rates, currency or commodity exposure, and not for speculative purposes; 

(k) Liens granted by a Subsidiary (other than a Loan Party) to AGCO or another Subsidiary securing Indebtedness of such
Subsidiary (other than a Loan Party) to AGCO or such other Subsidiary; and 
 (l) any other Liens that secure
Indebtedness or other obligations in a principal amount not in excess of 10% of AGCO’s Consolidated Net Tangible Assets. 
 “Person” means an individual, partnership, corporation (including a business trust), limited liability company, joint stock company, trust, unincorporated association, joint
venture or other entity, or a government or any political subdivision or agency thereof. 

“Plan” means a Single Employer Plan or a Multiple Employer Plan that is subject to ERISA.

 “Platform” has the meaning specified in Section 9.2(d). 

“Prime Rate” means the rate of interest per annum quoted from time to time by Rabobank as its
base rate in effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is quoted as being effective. 

“Pro Rata Share” means (a) with respect to any Revolving Loan Lender for purposes of any
rights or obligations hereunder affecting or involving Revolving Loan Lenders and not Term Loan Lenders (including any reimbursement obligations in respect of any indemnity claim arising out of an action or omission of the Swing Line Bank or the
Issuing Banks under this Agreement), the percentage (carried out to the ninth decimal place) of the Total Revolving Loan Commitments represented by such Revolving Loan Lender’s Revolving Loan Commitment, (b) with respect to any Term Loan
Lender of any Class for purposes of any rights or obligations hereunder affecting or involving Term Loan Lenders of such Class and not Revolving Loan Lenders, the percentage (carried out to the ninth decimal place) of the total Term Loans of such
Class represented by such Term Loan Lender’s Term Loans of such Class, and (c) with respect to any Lender in respect of any rights or obligations affecting or involving all Lenders (including any reimbursement obligations in respect of any
indemnity claim arising out of an action or omission of Administrative Agent under this Agreement), the percentage (carried out to the ninth decimal place) of the total Commitments or Loans, of all Classes hereunder represented by the aggregate
amount of such Lender’s Commitments or Loans, as the case may be, of all Classes hereunder. If the Commitments of any Class have terminated or expired, the Pro Rata Share with respect to such Class shall be determined based upon (i) in the
case of the Term Loan Lenders, the outstanding principal amount of the Term Loans of such Class at such time, and (ii) in the case of the Revolving Loan Lenders, the Revolving Loan Exposure of all such Revolving Loan Lenders at such time.

 “Rabobank” means Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.,
“Rabobank Nederland”, New York Branch, or any successor thereto. 

  
 29 

 “Rabobank Canada” means Rabobank Nederland, Canadian
Branch or any successor thereto. 
 “Rabobank Cost of Funds Rate” means the per annum
rate of interest disclosed to AGCO from time to time by Rabobank London to be its “cost of funds” rate, as may be changed at any time by Rabobank London in its sole discretion, with any change to be effective as of the opening of business
of Rabobank London on the day of such change. 
 “Rabobank London” means
Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., trading as Rabobank International, London Branch or any successor thereto. 
 “Receivables” means any right to payment for goods sold or leased or for services rendered whether or not it has been earned by performance. 

“Recipient” means the Administrative Agent, any Lender, the Swing Line Bank or any Issuing Bank.

 “Register” has the meaning specified in Section 9.6(f). 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System, as in
effect from time to time. 
 “Related Parties” means, with respect to any Person, such
Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Relevant Currency Time” means, for any Borrowing in any currency, the local time in the city
where the Administrative Agent’s Account for such currency is located. 
 “Required
Lenders” means, at any time, Lenders having Revolving Loan Exposures, outstanding Term Loans and unused Commitments representing more than 50% of the sum of the total Revolving Loan Exposures, total outstanding Term Loans and unused
Commitments at such time. The Commitments of, and the portion of the Revolving Loan Exposure and Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 

“Replacement Lender” has the meaning specified in Section 10.5. 

“Responsible Employee” means the Executive Chairman, President, any Authorized Financial Officer,
General Counsel or any Associate or Assistant General Counsel or Vice President of AGCO or any equivalent position of any Borrowing Subsidiary; any other employee of any Borrower responsible for monitoring compliance with this Agreement or any other
Loan Document; and, with respect to matters relating to ERISA, any individual who functions as the plan administrator under the applicable pension plan. 
 “Restricted Payment” means (a) any direct or indirect distribution, dividend, or other payment to any Person on account of any shares of Equity Interests in such Person or
(b) any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, or other acquisition or retirement of any shares of Equity Interests in such Person;
provided that payments of principal and interest in respect of Indebtedness convertible into Equity Interests of AGCO shall not constitute Restricted Payments. 

  
 30 

 “Revolving Loan” or “Revolving
Loans” have the meanings specified in Section 2.1(a). 
 “Revolving Loan
Lender” means a Lender with a Revolving Loan Commitment or, if the Revolving Loan Commitments have terminated or expired, a Lender with Revolving Loan Exposure. 

“Revolving Loan Commitment” means at any time, with respect to each Lender, the commitment, if
any, of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swing Line Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Loan Exposure at such
time hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.3, and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.6.
The initial amount of each Lender’s Revolving Loan Commitment is set forth below its name on its signature page hereto or, if such Lender has entered into one or more Assignments and Assumptions, set forth for such Lender in the Register
maintained by the Administrative Agent pursuant to Section 9.6(d). The initial aggregate amount of the Lenders’ Revolving Loan Commitments is $600,000,000. 

“Revolving Loan Exposure” means, as to any Revolving Loan Lender at any time, the aggregate
principal amount at such time of its outstanding Revolving Loans and such Revolving Loan Lender’s participation in L/C Obligations and Swing Line Loans at such time. 

“Revolving Loan Outstandings” means, on any date of determination: 

(a) the aggregate principal amount of all Swing Line Loans made to AGCO, plus the aggregate principal amount of all
Revolving Loans in U.S. Dollars and of the Equivalent Amount in U.S. Dollars of all Revolving Loans in Offshore Currencies, in either case outstanding on such date of determination; plus 

(b) the L/C Obligations outstanding on such date of determination. 

“S&P” means Standard & Poor’s Ratings Group, a division of McGraw-Hill, Inc.,
and its successors. 
 “Senior Debt Documents” means that certain Indenture entered into
in December, 2011 among AGCO and Union Bank, N.A., as trustee, relating to AGCO’s 5-7/8% Senior Notes due 2021, together with each such note issued in connection therewith. 

“Single Employer Plan” of any Person means a single employer plan, as defined in
Section 4001(a)(15) of ERISA, that is subject to ERISA and (a) is maintained for employees of such Person or any of its ERISA Affiliates and no Person other than such Person and its ERISA Affiliates, or (b) was so maintained and in
respect of which such Person or any of its ERISA Affiliates could have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. 

  
 31 

 “Solvent” means, with respect to any Person on a
particular date, that on such date (a) the fair value of the tangible and intangible property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (b) the
present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and
does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in business or a transaction, and is not about to engage in business
or a transaction, for which such Person’s tangible and intangible property would constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability; provided, however, that with respect to any Person organized under the laws of the United Kingdom,
“Solvent” means that such Person is able to pay its debts as they fall due, is not deemed unable to pay its debts as they fall due within the meaning of Section 123(1) of the Insolvency Act of 1986 and that the value of
its assets is greater than the value of its liabilities, taking into account contingent and prospective liabilities. 
 “Spot Rate” for a currency means the rate quoted by the Administrative Agent as the spot rate for the purchase by the Administrative Agent of such currency with another currency
through its foreign exchange office at approximately 11:00 a.m. (New York, New York time) on the date two (2) Business Days prior to the date as of which the foreign exchange computation is made. 

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the
number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal (and rounded upwards, if necessary, to the
next higher 1/16th of 1%) established by the Board to which Administrative Agent is subject for eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D of the Board). Such reserve percentages shall include
those imposed pursuant to such Regulation D. LIBO Rate Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available
from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Sterling” and “£” mean the lawful currency of the United Kingdom.

 “Subordinated Debt Documents” means the 2036 Senior Subordinated Notes Documents and
each other note, indenture, or other instrument governing Indebtedness that is contractually subordinated to the Obligations. 
 “Subsidiary” of any Person means a corporation, partnership, joint venture, limited liability company or other entity of which a majority of the Equity Interests having ordinary
voting power for the election of the Board of Directors or other governing body (other than Equity Interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is
otherwise controlled, directly, or 

  
 32 

 
indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to
“Subsidiaries” shall refer to a Subsidiary or Subsidiaries of AGCO. 
 “Swing
Line Loan” means an advance made by the Swing Line Bank pursuant to Section 2.1(a)(ii). 
 “Swing Line Bank” means any Lender hereunder, as designated by AGCO in accordance with this Agreement with the written consent of the Administrative Agent, acting hereunder as
“Swing Line Bank” to make Swing Line Loans to AGCO. The initial Swing Line Bank shall be SunTrust Bank. 
 “Swing Line Borrowing” means a borrowing in U.S. Dollars consisting of a Swing Line Loans made by the Swing Line Bank. 

“Swing Line Sublimit” has the meaning specified in Section 2.1(a)(ii). 

“Target” means GSI Holdings Corp., a Delaware corporation. 

“TARGET System” means the Trans-European Automated Real-time Gross Settlement Express Transfer
(TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in Euros. 

“Tax Credit” has the meaning specified in Section 10.4(l). 

“Tax Incentive Transaction” means any revenue bond financing arrangement (excluding a New Market
Tax Credit Transaction) between any Person and a development authority or other similar governmental authority or entity for the purpose of providing a property tax abatement or other tax incentive to such Person whereby (a) the governmental
authority or entity issues notes, bonds or other indebtedness to finance the acquisition of property that at such time is owned by AGCO or a Subsidiary, (b) the property so transferred is leased back by AGCO or such Subsidiary, (c) the
notes, bonds or other Indebtedness issued to finance the acquisition are owned by AGCO or a Subsidiary, (d) the rental payments on the lease and the debt service payments on the bonds, notes, or other Indebtedness are substantially equal and
(e) AGCO or such Subsidiary has the option to prepay the notes, bonds or other Indebtedness, terminate its lease and reacquire the property for nominal consideration at any time; provided that if at any time any of the foregoing conditions
shall cease to be satisfied, such transaction shall cease to be a Tax Incentive Transaction. 

“Taxes” means all present or future taxes, levies, imposts, deductions, charges or withholdings
(including backup withholding), assessments, fees and other charges and all liabilities with respect thereto imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Loan” means, collectively, the Initial Term Loan and any Incremental Term Loans, in each
case to the extent outstanding or in existence. 

  
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 “Term Loan Commitment” means at any time, with
respect to each Lender, the commitment, if any, of such Lender to make Initial Term Loans on the Agreement Date. The initial amount of each Lender’s Term Loan Commitment is set forth below its name on its signature page hereto, or, if such
Lender has entered into one or more Assignment and Assumptions, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 9.6(d). The initial aggregate amount of the Lenders’ Term Loan
Commitments is $400,000,000. 
 “Term Loan Lender” means any Lender that
has a Term Loan Commitment or an outstanding Term Loan. 
 “Total Revolving Loan
Commitments” means, at any time, the aggregate amount of the Revolving Loan Commitments of all Lenders at such time. 
 “Tranche” means, with respect to any Incremental Term Loans, all Incremental Term Loans made on the same date pursuant to the terms of the same Notice of Incremental Term Loan
Borrowing. 
 “Transactions” means the consummation of the Acquisition, the execution,
delivery and performance by each Loan Party of this Agreement and the other Loan Documents to which such Loan Party is intended to be a party and the consummation of the transactions contemplated thereby, the borrowing of initial Loans on the
Agreement Date, the use of the proceeds thereof, the repayment in full of all obligations under, and termination of, the Existing Credit Agreement, and the payment of all fees and expenses to be paid on or prior to the Agreement Date and owing in
connection with the foregoing. 
 “Type” refers to the distinction among Loans bearing
interest at the Base Rate and Loans bearing interest at the LIBO Rate. 
 “U.K. Borrower”
means AGCO UK and each other Borrower that is resident for tax purposes in the United Kingdom. 

“U.K. CTA” means the United Kingdom Corporation Tax Act 2009. 

“U.K. DTTP Scheme” has the meaning assigned to such term in Section 10.4(i). 

“U.K. ITA” means the United Kingdom Income Tax Act of 2007. 

“U.K. Qualifying Lender” means a Lender that is beneficially entitled to interest payable in
respect of an advance under a Loan Document and is (a) a Lender (i) that is a bank (as defined for the purpose of section 879 of the U.K. ITA) making an advance under a Loan Document or (ii) in respect of an advance made under a Loan
Document by a Person that was a bank (as defined for the purpose of section 879 of the U.K. ITA) at the time such advance was made, and in either case is subject to United Kingdom corporation tax on any payments of interest made with respect to such
advance; (b) a Lender that is (i) a company resident in the United Kingdom for United Kingdom tax purposes, (ii) a partnership, each member of which is (x) a company resident in the United Kingdom for United Kingdom tax purposes,
or (y) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the
U.K. CTA) the whole of any share of interest payable in 

  
 34 

 
respect of such advance that falls to it by reason of Part 17 of the U.K. CTA, or (iii) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through
a permanent establishment and which brings into account interest payable in respect of such advance in computing the chargeable profits (within the meaning of section 19 of the U.K. CTA) of that company; or (c) a U.K. Treaty Lender. 

“U.K. Tax Authority” means H.M. Revenue & Customs. 

“U.K. Tax Confirmation” means confirmation by a Lender that the Person beneficially entitled to
interest payable to such Lender in respect of an advance under a Loan Document is either (a) a company resident in the United Kingdom for United Kingdom tax purposes, (b) a partnership, each member of which is (i) a company resident
in the United Kingdom for United Kingdom tax purposes, or (ii) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing its
chargeable profits (within the meaning of section 19 of the U.K. CTA) the whole of any share of interest payable in respect of such advance that falls to it by reason of Part 17 of the U.K. CTA, or (c) a company not so resident in the United
Kingdom that carries on a trade in the United Kingdom through a permanent establishment and which brings into account interest payable in respect of such advance in computing the chargeable profits (within the meaning of section 19 of the U.K. CTA)
of that company. 
 “U.K. Taxes” means Taxes (including Other Taxes) imposed by the
United Kingdom. 
 “U.K. Treaty” has the meaning assigned to such term in the definition
of “U.K. Treaty State”. 
 “U.K. Treaty Lender” means a Lender that
(a) is treated as a resident of a U.K. Treaty State for the purposes of a U.K. Treaty and (b) does not carry on a business in the United Kingdom through a permanent establishment with which such Lender’s participation is effectively
connected. 
 “U.K. Treaty State” means a jurisdiction party to an income tax treaty
with the United Kingdom (a “U.K. Treaty”) that makes provision for full exemption from tax imposed by the United Kingdom on interest. 
 “United States Dollars”, “U.S. Dollars” or “U.S. $” means lawful money of the United States of America. 

“Unused Revolving Loan Commitment” means, with respect to any Lender at any date of
determination, (a) such Lender’s Revolving Loan Commitment at such time, minus (b) the Equivalent Amount in U.S. Dollars as of such date of (i) the aggregate principal amount of all Base Rate Loans and LIBO Rate Loans made
by such Lender and outstanding on such date, plus (ii) such Lender’s Pro Rata Share of (x) the L/C Obligations, plus (y) the aggregate principal amount of all Swing Line Loans outstanding on such date. 

“Unused Fee” has the meaning specified in Section 2.6(b). 

“USA Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. No. 107-56, 115 Stat. 272 (2001), as the same has been, or shall hereafter be, renewed, extended, amended or replaced. 

  
 35 

 “Wholly Owned” means, as applied to any Subsidiary,
a Subsidiary all the outstanding shares (other than directors’ qualifying shares, if required by law) of every class of stock of which are at the time owned by AGCO and/or by one or more Wholly Owned Subsidiaries. 

“Withdrawal Liability” has the meaning specified in Part I of Subtitle E of Title IV of ERISA.

 “Withholding Agent” means any Loan Party and the Administrative Agent. 

1.2. Computation of Time Periods. In this Agreement in the computation of periods of time from a specified date to
a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding.” 

1.3. Accounting Terms; Applicable Margin Ratings. (a) Except as otherwise expressly provided herein, all
accounting terms used herein shall be interpreted, and all financial statements and certificates and reports as to financial matters required to be delivered to the Administrative Agent hereunder shall be prepared, in accordance with Applicable
Accounting Standards. All calculations made for the purposes of determining compliance with this Agreement shall (except as otherwise expressly provided herein) be made by application of Applicable Accounting Standards applied on a basis consistent
with those used in the preparation of the annual or quarterly financial statements furnished to the Lenders pursuant to Sections 5.1(a) and (b) most recently prior to or concurrently with such calculations unless (i) either
(x) AGCO shall have objected to determining such compliance on such basis at the time of delivery of such financial statements or (y) the Required Lenders shall so object in writing within one hundred eighty (180) days after delivery
of such financial statements and (ii) AGCO and the Required Lenders have not agreed upon amendments to the financial covenants contained herein to reflect any change in such basis, in which event such calculations shall be made on a basis
consistent with those used in the preparation of the latest financial statements as to which such objection shall not have been made. 
 (b) For the purposes of determining the Applicable Margin hereunder, (i) if the rating system of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the
business of issuing corporate family ratings or shall not have in effect a rating for AGCO, AGCO and the Lenders shall negotiate in good faith to amend the definition of Applicable Margin set forth herein to reflect such changed rating system or the
unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Margin shall be determined by reference to the rating most recently in effect prior to such change or cessation, and (ii) if
the ratings established or deemed to have been established by Moody’s and S&P for AGCO shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on
which it is first announced by the applicable rating agency. 
 1.4. Currency Equivalents. For purposes
of determining in any currency any amount outstanding in another currency, the Equivalent Amount of such currency on the date of any such determination shall be used. If any reference to any Loans or other amount herein would include amounts in U.S.
Dollars and in one or more Offshore Currencies or to an amount in U.S. Dollars that in fact is in one or more Offshore Currencies, such reference (whether or not it expressly so provides) shall be deemed to refer, to the extent it includes an amount
in any Offshore Currency, the Equivalent Amount in U.S. Dollars of such amount at the time of determination. 

  
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 1.5. Construction. The words “hereof,” “herein,”
“hereby,” “hereunder,” and similar terms in this Agreement or any other Loan Document refer to this Agreement or such other Loan Document, as the case may be, as a whole and not to any particular provision of this Agreement or
such other Loan Document, as the case may be. Section, subsection, clause, schedule, and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this Agreement or in the other Loan Documents to any agreement,
instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such
alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein). Any reference herein to the repayment in full of the Obligations shall mean the repayment in full in
cash of all Obligations other than unaccrued contingent indemnification Obligations as to which no claim or demand has been given to or made on any Loan Party. Any reference herein to any Person shall be construed to include such Person’s
successors and assigns. All of the schedules and exhibits attached to this Agreement shall be deemed incorporated herein by reference. 
 ARTICLE 2 
 AMOUNTS AND TERMS OF THE LOANS 

AND THE LETTERS OF CREDIT 
 2.1. Credit Facilities. 
 (a) Revolving Credit
Facility. 
 (i) Revolving Loans. Each Lender severally agrees, on the terms and conditions
hereinafter set forth, to make advances (each a “Revolving Loan”) to the Borrowers from time to time on any Business Day during the period from the Agreement Date until the Maturity Date in an amount for each such Revolving
Loan not to exceed such Lender’s Unused Revolving Loan Commitment on such Business Day. In no event shall the Lenders be obligated to make any Revolving Loan if, on the date of such Revolving Loan and after giving effect thereto, the Revolving
Loan Outstandings on such date would exceed the Total Revolving Loan Commitments then in effect. Each Borrowing shall be in U.S. Dollars in, or the Equivalent Amount in the requested Offshore Currency of, an aggregate amount of U.S. $5,000,000 or an
integral multiple of U.S. $1,000,000 in excess thereof (except for the Borrowing made on the Agreement Date) and shall consist of Revolving Loans made by such Lenders ratably according to their Revolving Loan Commitments. The Equivalent Amount in
U.S. Dollars of each Revolving Loan shall be recalculated hereunder on each date on which it shall be necessary to determine the Unused Revolving Loan Commitment, or any or all Loan or Loans outstanding on such date. Within the limits of each
Lender’s Unused Revolving Loan Commitment in effect from time to time, the Borrowers may borrow under this Section 2.1(a), prepay pursuant to Section 2.4 and reborrow under this Section 2.1(a). 

(ii) Swing Line Loans. Subject to the terms and conditions hereinafter set forth (including the conditions in
Article 3), the Swing Line Bank, in its individual capacity, 

  
 37 

 
may in its sole discretion make overnight loans in U.S. Dollars to AGCO from time to time on any Business Day during the period from the Agreement Date until the Maturity Date in an aggregate
amount not to exceed at any time outstanding U.S. $25,000,000 (the “Swing Line Sublimit”); provided that after giving effect to any such Borrowings, Revolving Loan Outstandings shall not exceed the aggregate amount of
Total Revolving Loan Commitments then in effect. As it is understood that the purpose for the Swing Line Loan is to fund AGCO’s operating account, the making of the Swing Line Loans and the repayments to the Swing Line Bank may be made on a
sweep basis requiring no formal notification from AGCO. The Swing Line Bank may at its discretion, upon three (3) Business Days written notice to AGCO, choose to require written notification of Swing Line Loans from AGCO, but is not required to
do so. No Swing Line Loan shall be used for the purpose of funding the payment of principal of any other Swing Line Loan. Each Swing Line Loan shall accrue interest at such rate as may be agreed to between the Swing Line Bank and AGCO, and such
interest shall be due and payable in arrears monthly or more frequently as may be required by the Swing Line Bank, and on the Maturity Date. Within the limits of the Swing Line Sublimit, AGCO may borrow under this Section 2.1(a)(ii),
prepay the Swing Line Loans and reborrow under this Section 2.1(a)(ii). 
 (b) Term Loans.
Each Term Loan Lender severally agrees, on the terms and conditions hereinafter set forth, to make a term loan (an “Initial Term Loan”) to Merger Sub on the Agreement Date in an aggregate amount equal to such Term Loan
Lender’s Term Loan Commitment. The Initial Term Loans shall be funded in a single drawing and shall be in U.S. Dollars. Amounts borrowed under this Section 2.1(b) and repaid may not be reborrowed. 

2.2. Making the Loans. 
 (a) Notices. Except as otherwise provided in Section 2.10, each Borrowing shall be made (subject to Section 5.15) on notice, given not later than: 

(i) 11:00 a.m. (New York, New York time) on the third Business Day prior to the date of a proposed Borrowing, in the
case of a Borrowing consisting of LIBO Rate Loans; 
 (ii) 10:00 a.m. (New York, New York time) on the day of a
proposed Borrowing, in the case of a Borrowing consisting of Base Rate Loans in U.S. Dollars if the aggregate principal amount thereof is less than U.S. $100,000,000; or 

(iii) 10:00 a.m. (New York, New York time) on the Business Day prior to the date of a proposed Borrowing, in the case of
a Borrowing consisting of Base Rate Loans in U.S. Dollars if the aggregate principal amount thereof is U.S. $100,000,000 or more; 
 by AGCO, on behalf of the Borrowers, to the Administrative Agent and Administrative Agent shall give to each Lender prompt notice thereof; provided, however, in connection with the Borrowing
of the initial Loans hereunder (including the Term Loan), such Borrowing may be made by giving such notice by 11:00 a.m. (New York, New York time) on the Business Day of such Borrowing if such Borrowing consists of Base Rate Loans made in U.S.
Dollars. Each such notice of a Borrowing (a “Notice of Borrowing”) shall be by electronic mail, telecopier or telephone, confirmed immediately in writing, in substantially the form of Exhibit B hereto, specifying
therein the: 
 (A) requested date of such Borrowing (which shall be a Business Day) and the name of the
applicable Borrower for such Borrowing; 

  
 38 

 (B) requested Type of Loans comprising such Borrowing which (1) may be
a Base Rate Loan or a LIBO Rate Loan if such Loan is denominated in U.S. Dollars and (2) shall be a LIBO Rate Loan if the requested currency for such Borrowing is other than U.S. Dollars; 

(C) requested aggregate principal amount of such Borrowing; 

(D) requested currency in which such Borrowing is to be made; 

(E) in the case of a Borrowing consisting of LIBO Rate Loans, requested Interest Period for each such Borrowing
(including the expiration date thereof); and 
 (F) Borrower’s Account of such Borrower for such Borrowing
(which shall be with an institution located in the same country as the Administrative Agent’s Account for the requested currency of such Borrowing). 
 (b) Making of Loans by Lenders. In the case of a proposed Borrowing comprised of LIBO Rate Loans, the Administrative Agent shall promptly (and in any case no later than 11:00 a.m. (New York, New
York time) on the second Business Day before any LIBO Rate Loan or 1:00 p.m. (New York, New York time) on the day of any Base Rate Loan) notify each Lender of the applicable interest rate under Section 2.5(a). Each Lender shall, before
11:00 a.m. (Relevant Currency Time) on the date of any Borrowing consisting of LIBO Rate Loans, or 3:00 p.m. (New York, New York time) on the date of any Borrowing consisting of Base Rate Loans, make available for the account of its Applicable
Lending Office to the Administrative Agent at the Administrative Agent’s Account for Borrowings in the applicable currency, in same-day funds, such Lender’s Pro Rata Share of such Borrowing in accordance with the respective Commitment of
such Lender. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article 3, the Administrative Agent will make such funds available to the Borrowers by delivering such
funds to the relevant Borrower’s Account in the applicable currency; provided that, in the case of any Borrowing, the Administrative Agent shall first make a portion of such funds, equal to the aggregate principal amount of any Letter of
Credit Advances to the Borrowers made by the Issuing Banks and outstanding on the date of such Borrowing, available for repayment of such Letter of Credit Advances. Receipt of such funds in the Borrower’s Account shall be deemed to have
occurred when the Administrative Agent notifies AGCO, by telephone or otherwise, of the Federal Reserve Bank reference number, CHIPS identification number or similar number with respect to the delivery of such funds. 

(c) Appointment of AGCO as Agent, Etc. Each Notice of Borrowing shall be irrevocable and binding on the
Borrowers. Each Borrower (other than AGCO) (i) irrevocably and unconditionally designates, as its agent for purposes of delivering any Notice of Borrowing or Notice of Issuance on behalf of the Borrowers, AGCO and any officer or employee of
AGCO, 

  
 39 

 
and (ii) acknowledges that (A) any such Notice of Borrowing or Notice of Issuance at any time delivered by AGCO or any such officer or employee shall be binding on each Borrower and
(B) neither the Administrative Agent nor any Lender shall have any duty to determine whether the delivery of any such Notice of Borrowing or Notice of Issuance by AGCO or any such officer or director was duly authorized by each Borrower in any
specific instance. In the case of any Borrowing that the related Notice of Borrowing specifies is to be comprised of LIBO Rate Loans, AGCO shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any
failure to fulfill on or before the date specified in such Notice of Borrowing the applicable conditions set forth in Article 3, including without limitation any loss (including loss of anticipated profits), cost or expense incurred by reason
of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Revolving Loan to be made by such Lender as part of such Borrowing when such Revolving Loan, as a result of such failure, is not made on such date.

 (d) Swing Line Loans. 

(i) As it is understood that the purpose for the Swing Line Loan is to fund AGCO’s operating account, the Swing
Line Loans and repayments to the Swing Line Bank may be made on a sweep basis, requiring no formal notification from AGCO. The Swing Line Bank may at its discretion, upon three (3) Business Days’ written notice to AGCO, choose to require
written notification of Swing Line Loans from AGCO, but is not required to do so. At any time the Swing Line Bank makes a Swing Line Loan, each Lender (other than the Swing Line Bank) shall be deemed, without further action by any Person, to have
purchased from the Swing Line Bank an unfunded participation in any such Swing Line Loan in an amount equal to such Lender’s Pro Rata Share (calculated in accordance with Section 2.11(e)(iv) if any Lender is an Impacted Lender) of
such Swing Line Loan and shall be obligated to fund such participation as a Revolving Loan at such time and in the manner provided below. Each such Lender’s obligation to participate in, purchase and fund such participating interests shall be
absolute, irrevocable and unconditional and shall not be affected by any circumstance, including, without limitation, (1) any set-off, counterclaim, recoupment, defense or other right which such Lender or any other Person may have against the
Swing Line Bank or any other Person for any reason whatsoever; (2) the occurrence or continuance of a Default or an Event of Default or the termination of the Revolving Loan Commitments; (3) any adverse change in the condition (financial
or otherwise) of AGCO or any other Person; (4) any breach of this Agreement by any Borrower or any other Lender; or (5) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. Each Borrower
hereby consents to each such sale and assignment. Each Lender agrees to fund its Pro Rata Share (calculated in accordance with Section 2.11(e)(iv) if any Lender is an Impacted Lender) of an outstanding Swing Line Loan on (x) the
Business Day on which demand therefor is made by the Swing Line Bank, provided that such demand is made not later than 11:00 a.m. (New York City time) on such Business Day, or (y) the first Business Day next succeeding such demand if such
demand is made after such time. Upon any such assignment by the Swing Line Bank to any other Lender of a participation in a Swing Line Loan, the Swing Line Bank represents and warrants to such other Lender that it is the legal and beneficial owner
of such interest being assigned by it, but makes no other representation or warranty and assumes no responsibility with respect to such Swing Line Loan, the Loan Documents or the Borrowers. If and to the extent that any Lender shall not have so made
the amount of such participation in such Swing Line Loan available to the Administrative 

  
 40 

 
Agent, such Lender agrees to pay to the Administrative Agent forthwith on demand such amount together with interest thereon, for each day from the date of request by the Swing Line Bank until the
date such amount is paid to the Administrative Agent, at the Federal Funds Effective Rate. If such Lender shall pay to the Administrative Agent such amount for the account of the Swing Line Bank on any Business Day, such amount so paid in respect of
principal shall constitute a U.S. Dollar Revolving Loan made by such Lender on such Business Day for purposes of this Agreement, and the outstanding principal amount of the Swing Line Loan made by the Swing Line Bank shall be reduced by such
amount on such Business Day. 
 (ii) Unless the Swing Line Bank is the Administrative Agent, the Swing Line
Bank shall provide to the Administrative Agent, on Friday of each week and on each date the Administrative Agent notifies the Swing Line Bank that any Borrower has made a borrowing request or the Administrative Agent otherwise requests the same, an
accounting for the outstanding Swing Line Loans in form reasonably satisfactory to the Administrative Agent. At any time that the Unused Revolving Loan Commitment is less than U.S. $25,000,000, the Swing Line Sublimit shall be reduced temporarily to
such lesser amount; and 
 (iii) Unless a Default or an Event of Default then exists, the Swing Line Bank shall
give AGCO and the Administrative Agent at least seven (7) days’ prior written notice before exercising its discretion herein not to make Swing Line Loans. AGCO must give ten (10) days’ prior written notice to the Administrative
Agent of any change in designation of the Swing Line Bank. The replaced Swing Line Bank shall continue to be a “Swing Line Bank” for purposes of repayment of any Swing Line Loans made prior to such replacement and outstanding
after such replacement. 
 (e) Presumption by Administrative Agent. Unless Administrative Agent shall
have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to Administrative Agent such Lender’s share of such Borrowing, Administrative Agent may assume that such Lender has made
such share available on such date in accordance with paragraph (b) of this Section and may, in reliance upon such assumption but without any obligation to do so, make available to Borrowers a corresponding amount. In such event, if a Lender has
not in fact made its share of the applicable Borrowing available to Administrative Agent, then the applicable Lender on the one hand and the applicable Borrowers on the other severally agree to pay to Administrative Agent forthwith on demand such
corresponding amount with interest thereon, for each day from and including the date such amount is made available to any Borrower to but excluding the date of payment to Administrative Agent, at (i) in the case of a payment to be made by such
Lender, for the first three Business Days the greater of the Federal Funds Effective Rate and a rate determined by Administrative Agent in accordance with banking industry rules on interbank compensation and thereafter at the Base Rate (for such
applicable currency) and (ii) in the case of a payment to be made by a Borrower, the interest rate applicable to Base Rate Loans (for such applicable currency). If Borrowers and such Lender shall pay such interest to Administrative Agent for
the same or an overlapping period, Administrative Agent shall promptly remit to the applicable Borrowers the amount of such interest paid by such Borrowers for such period. If such Lender pays its share of the applicable Borrowing to Administrative
Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by Borrowers shall be without prejudice to any claim such Borrowers may have against a Lender that shall 

  
 41 

 
have failed to make such payment to Administrative Agent. A notice of Administrative Agent to any Lender or any Borrower with respect to any amount owing under this paragraph (e) shall be
conclusive, absent manifest error. 
 (f) Obligations of Lenders Several. The obligations of the Lenders
hereunder to make Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 8.6 are several and not joint. The failure of any Lender to make any Loan, to fund any such participation
or to make any payment under Section 8.6 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to
so make its Loan, to purchase its participation or to make its payment under Section 8.6. 
 2.3.
Reduction of the Commitments. AGCO may, upon at least three (3) Business Days’ notice to the Administrative Agent, terminate in whole or reduce in part the unused portions of the Unused Revolving Loan Commitments; provided that each
partial reduction: (i) shall be in an aggregate amount of U.S. $10,000,000 or an integral multiple of U.S. $5,000,000 in excess thereof; (ii) shall be made ratably among the Lenders in accordance with their Revolving Loan Commitments; and
(iii) shall be permanent and irrevocable. Unless previously terminated, the Term Loan Commitments shall terminate on the making of the Initial Term Loans on the Agreement Date. 

2.4. Repayments. 
 (a) Optional Prepayments. The Borrowers may, upon at least three (3) (or two (2) in the case of a Base Rate Loan) Business Days’ notice to the Administrative Agent, prepay pro rata
among the Lenders of any Class the outstanding amount of any Loans of such Class (other than any Swing Line Loans or Letter of Credit Advances (resulting from a drawing under a Letter of Credit) not participated to any other Lender, in which case,
such prepayments shall not be made on a pro rata basis or require prior notice) in whole or in part with accrued interest to the date of such prepayment on the amount prepaid; provided, however, (i) that in the event that any
Lender receives payment of the principal of any LIBO Rate Loan other than on the last day of the Interest Period relating to such LIBO Rate Loan (whether due to prepayments made by any Borrower, or due to acceleration of the Loans, or due to any
other reason (except as set forth in Section 2.11(f))), the applicable Borrowers shall pay to such Lender on demand any amounts owing pursuant to Section 10.2, and (ii) the Borrowers shall not be permitted to prepay any
Initial Term Loans with the proceeds of any Incremental Term Loans. Any prepayment of the Term Loans pursuant to this Section 2.4(a) shall be in a minimum amount of U.S. $10,000,000, and in an integral multiple of U.S. $5,000,000 in
excess thereof, and shall be applied in the manner set forth in Section 2.4(e). 
 (b) Mandatory
Prepayments. 
 (i) On any date on which the Revolving Loan Commitments shall be reduced pursuant to
Section 2.3, if the Revolving Loan Outstandings on such date shall exceed the Total Revolving Loan Commitments after giving effect to such reduction, the Borrowers shall prepay the Revolving Loans or the Letter of Credit Advances in the
aggregate principal amount equal to such excess, and shall pay on demand to the Lenders any amounts owing under 

  
 42 

 
Section 10.2 as a result of such prepayment. Each such prepayment by a Borrower shall be applied ratably to such Revolving Loans, or to such Letter of Credit Advances pursuant to
draws on the same Letter of Credit issued for the account of such Borrower, as AGCO shall designate at the time of such prepayment. 
 (ii) If, on the last Business Day of any calendar quarter, the Revolving Loan Outstandings on such date shall exceed one hundred five percent (105%) of the amount of the Total Revolving Loan
Commitments on such date (the “Currency Exchange Excess”), such Borrowers shall prepay the Revolving Loans in such amount as may be necessary to eliminate such excess (after giving effect to any payments pursuant to clause
(iii) below); provided, to the extent such prepayment would require the repayment of a LIBO Rate Loan prior to the end of the Interest Period applicable thereto, AGCO may instead deliver same-day funds to the Administrative Agent for deposit in
such interest-bearing account as the Administrative Agent shall specify (the “Borrower Cash Collateral Account”), in an amount equal to the Currency Exchange Excess (net of any prepayment pursuant to this Section). The
Borrower Cash Collateral Account shall be in the name and under the sole dominion and control of the Administrative Agent. The Administrative Agent shall have no obligation to invest any amounts on deposit in the Borrower Cash Collateral Account.
AGCO grants to the Administrative Agent, for its benefit and the benefit of the Lenders, a lien on and security interest in the Borrower Cash Collateral Account and all amounts from time to time on deposit therein as collateral security for the
performance of AGCO’s obligations under this Agreement and the other Loan Documents. The Administrative Agent shall have all rights and remedies available to it under Applicable Law with respect to the Borrower Cash Collateral Account and all
amounts on deposit therein. Promptly after any date on which there shall occur a reduction in the amount of the Currency Exchange Excess, the Administrative Agent will return to AGCO, free and clear of any Lien under this Section, an amount equal to
the excess of amounts then on deposit in the Borrower Cash Collateral Account (including accrued interest) over the amount of the Currency Exchange Excess as of the date of and after giving effect to such reduction. 

(iii) If, on the last Business Day of any calendar quarter, the L/C Obligations on such date shall exceed the Letter of
Credit Subfacility on such date, AGCO shall deliver to the Administrative Agent for deposit in the L/C Cash Collateral Account an amount sufficient to cause the aggregate amount on deposit in such L/C Cash Collateral Account to equal the amount of
such excess. 
 (iv) Each Borrower shall, within one (1) Business Day of the making thereof by an Issuing
Bank, repay to the Administrative Agent for the account of such Issuing Bank the outstanding principal amount of each Letter of Credit Advance made to such Borrower. 

(v) Each Borrower shall pay the outstanding unpaid principal balance of, and all accrued and unpaid interest on, the
Revolving Loans and the Letter of Credit Advances made to it on the earlier of (x) the Maturity Date or (y) the date the Loans are accelerated in accordance with the terms and conditions of Article 7 of this Agreement. 

  
 43 

 (c) Scheduled Repayments of the Term Loans. 

(i) Merger Sub hereby unconditionally promises to pay the principal amount of the Initial Term Loans in quarterly
payments in the payment amount specified below on the applicable payment date corresponding to such payment amount, as follows: 
  

					
	 Payment Date
	  	Payment Amount	 
	 March 31, 2012
	  	$	 5,000,000.00	  
	 June 30, 2012
	  	$	 5,000,000.00	  
	 September 30, 2012
	  	$	 5,000,000.00	  
	 December 31, 2012
	  	$	 5,000,000.00	  
	 March 31, 2013
	  	$	 5,000,000.00	  
	 June 30, 2013
	  	$	 5,000,000.00	  
	 September 30, 2013
	  	$	 5,000,000.00	  
	 December 31, 2013
	  	$	 5,000,000.00	  
	 March 31, 2014
	  	$	 5,000,000.00	  
	 June 30, 2014
	  	$	 5,000,000.00	  
	 September 30, 2014
	  	$	 5,000,000.00	  
	 December 31, 2014
	  	$	 5,000,000.00	  
	 March 31, 2015
	  	$	10,000,000.00	  
	 June 30, 2015
	  	$	10,000,000.00	  
	 September 30, 2015
	  	$	10,000,000.00	  
	 December 31, 2015
	  	$	10,000,000.00	  
	 March 31, 2016
	  	$	10,000,000.00	  
	 June 30, 2016
	  	$	10,000,000.00	  
	 September 30, 2016
	  	$	10,000,000.00	  

 (ii) Each Borrower hereby unconditionally promises to pay the principal amount of any
Incremental Term Loans of each Tranche made to it on such dates and in such amounts as may be set forth in the Notice of Incremental Term Loan Borrowing for such Tranche, to be applied to the unpaid principal amount of the Incremental Term Loans for
such Tranche for which such payment relates. 
 (iii) Each Borrower hereby unconditionally promises to pay the
outstanding unpaid principal balance and all accrued and unpaid interest on the Term Loans made to it on the earlier of (x) the Maturity Date or (y) the date the Loans are accelerated in accordance with the terms and conditions of
Article 7 of this Agreement. 
 (d) Interest on Principal Amounts Prepaid. All prepayments under
this Section 2.4 shall be made together with accrued interest to the date of such prepayment on the principal amount prepaid. 

  
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 (e) Application of Prepayments of Term Loan. Each such prepayment of
the Term Loans made under paragraph (a) above shall be applied to the Initial Term Loans and each Tranche of Incremental Term Loans on a pro rata basis to the installments thereof due pursuant to paragraph (c) above. 

2.5. Interest. 
 (a) Ordinary Interest. Each Borrower shall pay interest on the unpaid principal amount of each Base Rate Loan and LIBO Rate Loan to it owing to each Lender from the date of such Loan until such
principal amount shall be paid in full, at the following rates per annum: 
 (i) Base Rate Loan. During
such periods as such Loan is a Base Rate Loan, at a rate per annum equal at all times to the Base Rate in effect from time to time plus the Applicable Margin in effect for Base Rate Loans, payable (x) in arrears quarterly on the last day of
each calendar quarter during such periods, (y) on the date on which such Base Rate Loan shall be paid in full, and (z) on the Maturity Date. 
 (ii) LIBO Rate Loans. During such periods as such Loan is a LIBO Rate Loan, a rate per annum equal at all times during each Interest Period for such Loan to the sum of (x) the LIBO Rate for
such Interest Period for such Loan, plus (y) the Applicable Margin in effect from time to time, payable in arrears on (A) the last day of such Interest Period, (B) if such Interest Period has a duration of more than three
(3) months, also on each day that occurs during such Interest Period every three (3) months from the first day of such Interest Period, (C) on the date on which such Loan shall be paid in full and (D) on the Maturity Date.

 (b) Interest Rate Basis for Initial Loans and Loans in Offshore Currencies. Notwithstanding any
provision in this Agreement to the contrary, Borrowers may not select (i) the LIBO Rate for the Loans, or Loans in any Offshore Currency, to be borrowed on the Agreement Date unless Administrative Agent receives the applicable Notice of
Borrowing not later than 11:00 a.m., New York City time, three Business Days prior to the Agreement Date, together with a funding indemnity letter from AGCO and such other Borrowers agreeing to be pay losses as described in Section 10.2,
in form and substance acceptable to Administrative Agent, or (ii) the Base Rate for any Borrowing, Continuation or Conversion of any Loans (other than a Letter of Credit Advance made by an Issuing Bank) in an Offshore Currency. 

(c) Default Interest. (i) Immediately upon the occurrence and during the continuation of an Event of Default
under Sections 7.1(a) or 7.1(e), or at the election of the Administrative Agent or the Required Lenders when any other Event of Default has occurred and is continuing, in addition to all of the rights and remedies described in this
Agreement, the Borrowers shall pay interest on the outstanding principal balance of the Loans at the Default Rate from the date of such Event of Default. Interest at the Default Rate shall be payable on the earlier of demand by the Administrative
Agent or Required Lenders or the Maturity Date, and shall accrue until the earlier of (i) waiver in writing by Required Lenders of the applicable Event of Default, (ii) agreement by Required Lenders to rescind the charging of interest at
the Default Rate, or (iii) payment in full of the Obligations. Notwithstanding anything to the contrary in this Agreement, any interest, fees or other amounts not paid by the Borrowers when due hereunder shall accrue interest at the Default
Rate applicable to the Base Rate Loans. 

  
 45 

 2.6. Fees. 

(a) Administrative Agent. The Borrowers agree to pay to the Administrative Agent for its own account a fee
separately agreed between the Borrowers and the Administrative Agent and such other fees required by the Fee Letter on the dates set forth therein. 
 (b) Unused Fee. The Borrowers shall pay to the Administrative Agent for the account of the Revolving Loan Lenders an unused commitment fee (the “Unused Fee”) in U.S. Dollars
computed each day, on each Lender’s Adjusted Unused Revolving Loan Commitment, from the Agreement Date until the Maturity Date at a rate per annum equal to the Applicable Margin for the Unused Fee in effect from time to time, which fee shall be
due and payable quarterly in arrears on the last day of each calendar quarter (commencing with the calendar quarter ending December 31, 2011) and, if then unpaid, on the Maturity Date. 

(c) Letter of Credit Fee. From and after the Agreement Date, each Borrower shall pay to the Administrative Agent,
for the account of the Revolving Loan Lenders, a fee computed each day at a rate equal to the rate per annum equal to the Applicable Margin on such day for LIBO Rate Loans on the aggregate Available Amount of all Letters of Credit outstanding and
issued for such Borrowers’ account, which fee shall be due and payable quarterly in arrears on the last day of each calendar quarter (commencing with the calendar quarter ending December 31, 2011) and, if then unpaid, on the Maturity Date.
Each such Revolving Loan Lender’s fee shall be calculated by allocating to such Revolving Loan Lender a portion of the total fee determined ratably according to such Revolving Loan Lender’s Pro Rata Share of the Revolving Loan Commitments.

 (d) Issuing Bank Fee. From and after the Agreement Date, the Borrowers agree to pay to each Issuing
Bank a fee calculated at a rate per annum to be agreed upon by Borrowers and such Issuing Bank on the face amount of each Letter of Credit issued by such Issuing Bank which fee shall be due and payable quarterly in arrears on the last day of each
calendar quarter during which such Letter of Credit was outstanding (commencing with the calendar quarter ending December 31, 2011) and, if then unpaid, on the Maturity Date. Additionally, the Borrowers agree to pay to each Issuing Bank, for
its own account, its customary fees for issuing, amending, paying, negotiating or renewing any Letter of Credit issued by such Issuing Bank, which fees shall be due and payable on the date of each such issuance, amendment, payment, negotiation or
renewal. In the event of any inconsistency between the terms of this Agreement and the terms of any letter of credit reimbursement agreements or indemnification agreements between any Borrower and any Issuing Bank with respect to the Letters of
Credit issued hereunder, the terms of this Agreement shall control. 
 2.7. Conversion and Designation of
Interest Periods. 
 (a) On any Business Day, upon notice given to the Administrative Agent not later than
11:00 a.m. (New York, New York time) on the third Business Day prior to the date of the proposed Conversion or Continuation and subject to the provisions of Section 10.1 and so 

  
 46 

 
long as no Default or Event of Default has occurred and is continuing, AGCO may Convert all or any portion of the Loans (but not Letter of Credit Advances) in U.S. Dollars of one Type comprising
the same Borrowing into Loans of another Type, or Continue any LIBO Rate Loans for an additional Interest Period; provided, if (i) less than all LIBO Rate Loans of any Class are Converted or Continued, after such Conversion or
Continuation, not less than the minimum amounts specified in Section 2.1(a)(i) (which minimums shall apply equally to any Term Loan Borrowings Converted hereunder) shall Continue as LIBO Rate Loans of such Class; (ii) less than all
Loans comprising part of the same Borrowing are Converted or Continued, the portion of the Loans Converted or Continued must at least equal the minimum aggregate principal amount of a Borrowing permitted under Section 2.1(a)(i) (which
minimum amount shall apply equally to any Term Loan Borrowings Converted hereunder) and all Lenders’ Loans comprising the Borrowing to be Converted or Continued in part shall be Converted or Continued ratably in accordance with their applicable
Pro Rata Shares; and (iii) each Conversion of less than all Loans comprising part of the same Borrowing shall be deemed to be an additional Borrowing for purposes of Section 2.7(d), and no such Conversion or Continuation of any
Loans may result in there being outstanding more separate LIBO Rate Loan Borrowings than permitted under Section 2.7(d). Each such notice of Conversion or Continuation shall, within the restrictions specified above, specify (i) the
date of such Conversion, or the last date of the Interest Period of the Loans to be Continued, (ii) the Loans to be Converted or Continued, and (iii) if such Conversion is into LIBO Rate Loans or a Continuation of LIBO Rate Loans, the
duration and the expiration date of the new Interest Period for such Loans. Each notice of Conversion or Continuation shall be irrevocable and binding on AGCO. If a Borrower requests a Conversion to or Continuation of a LIBO Rate Loan but does not
specify an Interest Period, then Borrowers shall be deemed to have selected an Interest Period of one month’s duration. 
 (b) On the date on which the aggregate unpaid principal amount of LIBO Rate Loans of any Class denominated in U.S. Dollars shall be reduced, by payment or prepayment or otherwise, to less than U.S.
$5,000,000, such Loans shall automatically Convert into Base Rate Loans. 
 (c) If a Borrower fails to deliver a
timely and properly completed notice of Conversion or Continuation with respect to a LIBO Rate Loan (as set forth in clause (a) above) prior to the end of the Interest Period applicable thereto, such Borrower shall be automatically deemed to
have requested that such LIBO Rate Loan Continue as a LIBO Rate Loan with a one month Interest Period, subject to such Borrower’s right to repay such LIBO Rate Loan at the end of such original Interest Period (which repayment shall be
accompanied by any costs under Section 10.2), 
 (d) No Borrower shall request a LIBO Rate Loan if,
after giving effect thereto, there would be more than twenty (20) LIBO Rate Loan Borrowings outstanding. 

2.8. Payments and Computations. 

(a) Each Borrower shall make each payment hereunder free and clear of any setoff or counterclaim, with such payment
(other than repayment of a Swing Line Loan) being paid not later than 11:00 a.m. (Relevant Currency Time) on the day when due in the case of principal or interest on and other amounts relating to any Borrowing in the currency in which

  
 47 

 
such Borrowing was denominated and in any other case in U.S. Dollars, to the Administrative Agent in same-day funds by deposit of such funds to the Administrative Agent’s Account for
payments in the applicable currency. The Administrative Agent will promptly thereafter (and in any event, if received from a Borrower by the time specified in the preceding two sentences, on the day of receipt) cause like funds to be distributed
(i) if such payment by a Borrower is in respect of principal, interest, fees or any other Obligation then payable hereunder in a particular currency, to the applicable Lenders for the account of their respective Applicable Lending Offices for
payments in such currency ratably in accordance with the amounts of such respective Obligations in such currency then payable to such Lenders, and (ii) if such payment by a Borrower is in respect of any Obligation then payable hereunder to one
Lender, to such Lender for the account of its Applicable Lending Office for payments in the applicable currency. Upon its acceptance of an Assignment and Assumption and recording of the information contained therein in the Register pursuant to
Section 9.6(d), from and after the effective date of such Assignment and Assumption, the Administrative Agent shall make all payments hereunder in respect of the interest assigned hereby to the Lender assignee hereunder, and the parties
to such Assignment and Assumption shall make all appropriate adjustments in such payments for periods prior to such effective date directly between themselves. 
 (b) If the Administrative Agent receives funds for application to the Obligations under the Loan Documents under circumstances for which the Loan Documents do not specify the Loans to which, or the manner
in which, such funds are to be applied, the Administrative Agent may, but shall not be obligated to, elect to distribute such funds to each Lender ratably in accordance with such Lender’s proportionate share of the principal amount of all
outstanding Loans and the Available Amount of all Letters of Credit then outstanding, in repayment or prepayment of such of the outstanding Loans or other Obligations owed to such Lender, and for application to such principal installments, as the
Administrative Agent shall direct. 
 (c) All computations of interest on Loans denominated in Sterling and
Canadian Dollars shall be made by the Administrative Agent on the basis of a year of three hundred sixty-five (365) days (or three hundred sixty-six 366 days, as the case may be) for the actual number of days (including the first day but
excluding the last day) occurring in the period for which such interest is payable. All other computations of interest, fees and Letter of Credit fees payable by any Borrower shall be made by the Administrative Agent on the basis of a year of three
hundred sixty (360) days for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest, fees or commissions are payable. Each determination by the Administrative Agent of an
interest rate, fee or commission hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (d) Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such
case be included in the computation of payment of interest or commitment fee, as the case may be; provided that, if such extension would cause payment of interest on or principal of LIBO Rate Loans to be made in the next-following calendar month,
such payment shall be made on the next-preceding Business Day. 

  
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 (e) Unless the Administrative Agent shall have received notice from AGCO
prior to the date on which any payment is due to the Lenders hereunder that the Borrowers will not make such payment in full, the Administrative Agent may assume that the Borrowers have made such payment in full to the Administrative Agent on such
date and the Administrative Agent may, in reliance upon such assumption, cause to be distributed to each such Lender on such due date an amount equal to the amount then due such Lender. If and to the extent such Borrower shall not have so made such
payment in full to the Administrative Agent and the Administrative Agent makes available to a Lender on such date a corresponding amount, such Lender shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender
together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Administrative Agent, at the Federal Funds Effective Rate. 

2.9. Sharing of Payments, Etc. 

(a) Except as otherwise provided in this Agreement, the Administrative Agent agrees that promptly after its receipt of
each payment from or on behalf of any Borrower in respect of any Obligations hereunder, it shall distribute such payment to the Lenders (other than any Lender that has consented in writing to waive its pro rata share of any such payment) pro rata
based upon their respective shares, if any, of the type of Obligations with respect to which such payment was received. 
 (b) If any Lender shall obtain at any time any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) distributed other than in accordance with the provisions
of this Agreement (including the application of funds arising from the existence of an Impacted Lender): (1) on account of Obligations due and payable to such Lender hereunder at such time in excess of its ratable share (according to the
proportion of (i) the amount of such Obligations due and payable to such Lender at such time to (ii) the aggregate amount of the Obligations due and payable to all Lenders hereunder at such time) of payments on account of the Obligations
due and payable to all Lenders hereunder at such time obtained by all the Lenders at such time; or (2) on account of Obligations owing (but not due and payable) to such Lender hereunder at such time in excess of its ratable share (according to
the proportion of (i) the amount of such Obligations owing to such Lender at such time to (ii) the aggregate amount of the Obligations owing (but not due and payable) to all Lenders hereunder at such time) of payments on account of the
Obligations owing (but not due and payable) to all Lenders hereunder at such time obtained by all the Lenders at such time; such Lender shall forthwith purchase from the other Lenders such participations in the Obligations due and payable or owing
to them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided that if all or any portion of such excess payment is thereafter recovered from such purchasing
Lender, such purchase from each other Lender shall be rescinded and such other Lender shall repay to the purchasing Lender the purchase price to the extent of such other Lender’s ratable share (according to the proportion of (x) the
purchase price paid to such Lender to (y) the aggregate purchase price paid to all Lenders) of such recovery together with an amount equal to such Lender’s ratable share (according to the proportion of (A) the amount of such other
Lender’s required repayment to (B) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. The Borrowers

  
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agree that any Lender so purchasing a participation from another Lender pursuant to this Section may, to the fullest extent permitted by law, exercise all its rights of payment (including the
right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of such Borrower in the amount of such participation. 
 (c) Notwithstanding anything to the contrary contained herein, the provisions of clauses (a) and (b) above of this Section 2.9 shall be subject to the express
provisions of this Agreement which require, or permit, differing payments to be made to Non-Impacted Lenders as opposed to Defaulting Lenders or Impacted Lenders. 

2.10. Letters of Credit. 
 (a) The Letter of Credit Subfacility. Each Issuing Bank agrees, on the terms and conditions hereinafter set forth, to issue letters of credit (the “Letters of Credit”) for
the account of any Borrower (subject to Section 5.15) or its Subsidiary from time to time on any Business Day during the period from the Agreement Date until sixty (60) days before the Maturity Date (i) in an aggregate
Available Amount for such Letters of Credit not to exceed at any time the amount of the Letter of Credit Subfacility, minus the aggregate principal amount of all Letter of Credit Advances to any Borrower then outstanding and (ii) in an
Available Amount for each Letter of Credit issued for the account of a Borrower or a Subsidiary of a Borrower not to exceed the aggregate Unused Revolving Loan Commitments on such Business Day. No Letter of Credit shall have an expiration date
(including all rights of a Borrower or the beneficiary to require renewal) later than the earlier of five (5) days before the Maturity Date and one (1) year after the date of issuance thereof; provided, however, that any
Letter of Credit that expires one (1) year after the date of its issuance may provide for the automatic renewal of such Letter of Credit for additional one (1)-year periods so long as such Letter of Credit, as renewed, shall have an expiration
date not later than five (5) days before the Maturity Date. Notwithstanding the foregoing, a Letter of Credit may have an expiration date later than five (5) days prior to the Maturity Date if the requesting Borrower provides, at the time
of the issuance of such Letter of Credit, Cash Collateral to the Administrative Agent for the benefit of those Lenders with a Revolving Loan Commitment in an amount equal to one hundred five percent (105%) of the face amount of such Letter of
Credit (it being acknowledged that the obligations of the Revolving Loan Lenders to purchase participations in any such Letter of Credit shall terminate on the Maturity Date to the extent of the Cash Collateral for such Letters of Credit maintained
by the Administrative Agent on such date). Each Letter of Credit issued by an Issuing Bank shall require that all draws thereon must be presented to such Issuing Bank by the expiration date therefor, regardless of whether presented prior to such
date to any correspondent bank or other institution. Within the limits of the Letter of Credit Subfacility, and subject to the limits referred to above, the Borrowers may request the issuance of Letters of Credit under this
Section 2.10(a), repay any Letter of Credit Advances resulting from drawings thereunder pursuant to Section 2.10(c) and request the issuance of additional Letters of Credit under Section 2.10(b). On the Agreement
Date, each outstanding letter of credit described on Schedule 2.10 (collectively, the “Existing L/Cs”) shall be deemed for all purposes, as of the Agreement Date, without further action by any Person, to have been
issued hereunder. 

  
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 (b) Request for Issuance, Notices by Issuing Banks. 

(i) Each Letter of Credit issued by an Issuing Bank (other than the Existing L/Cs) shall be issued upon notice, given
not later than 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed issuance of such Letter of Credit, by a Borrower to such Issuing Bank, which Issuing Bank shall give to the Administrative Agent and each
Lender prompt written notice thereof. Each such notice of issuance of a Letter of Credit (a “Notice of Issuance”) shall be by electronic mail, telecopier or telephone, confirmed immediately in writing, specifying therein
(1) the requested date of such issuance (which shall be a Business Day); (2) the requested Available Amount of such Letter of Credit; (3) the requested expiration date of such Letter of Credit; (4) the requested currency in which
such Letter of Credit shall be denominated, which shall be U.S. Dollars or an Offshore Currency; provided that no Borrower shall make a request for a Letter of Credit in any Agreed Alternative Currency unless it shall have previously obtained the
consent of each Revolving Loan Lender to the issuance of such Letter of Credit in such currency; (5) the requested name and address of the beneficiary of such Letter of Credit; and (6) the requested form of such Letter of Credit, and shall
be accompanied by such application and agreement for letter of credit (a “Letter of Credit Agreement”) as such Issuing Bank may specify to such Borrower for use in connection with such requested Letter of Credit. No letter of
credit issued by a Lender that is not also the Administrative Agent shall constitute a Letter of Credit issued pursuant to this Agreement unless (and until) such Lender provides written notice of such Letter of Credit to the Administrative Agent
which notice shall include the information described in clauses (1) through (5) of the immediately preceding sentence. If (x) the requested form of such Letter of Credit is acceptable to such Issuing Bank in its sole discretion, and
(y) it has not received notice of objection to such issuance from the Required Lenders, such Issuing Bank will, upon fulfillment of the applicable conditions set forth in Article 3, make such Letter of Credit available to the requesting
Borrower at its office referred to in Section 9.2 or as otherwise agreed with such Borrower in connection with such issuance. In the event and to the extent that the provisions of any Letter of Credit Agreement shall conflict with this
Agreement, the provisions of this Agreement shall govern. A Letter of Credit shall be deemed to have been issued for the account of each Borrower delivering the Notice of Issuance therefor. 

(ii) In connection with any Letter of Credit issued hereunder that contains a statement to the effect that such Letter
of Credit is issued for the account of any Person that is a Subsidiary of a Borrower (that is not also a Borrower), such Borrower shall, notwithstanding such statement, be the actual account party for all purposes of this Agreement for such
Letter of Credit and such statement shall not affect the applicable Borrower’s reimbursement obligations hereunder with respect to such Letter of Credit. Notwithstanding anything to the contrary set forth in this Agreement, no Issuing Bank
shall be required to issue a Letter of Credit for the account of any Subsidiary of a Borrower (that is not also a Borrower) unless such Issuing Bank receives such documentation and other information regarding such Subsidiary required by bank
regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the USA Patriot Act, as may be requested by such Issuing Bank.

(iii) Each Issuing Bank (other than such Person that is also the Administrative Agent) shall furnish to the
Administrative Agent such information or written reports regarding the outstanding Letters of Credit issued by such Issuing Bank, the respective Available Amounts with respect thereto, the currencies in which such Letters of Credit were

  
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denominated, for whose account such Letters of Credit were issued and any drawings that have been made under such Letters of Credit as the Administrative Agent may reasonably request from time to
time. 
 (iv) For all purposes hereunder, including the calculation of Revolving Loan Outstandings, L/C
Outstandings and Fronting Exposure, the Administrative Agent shall be entitled to treat each Letter of Credit issued by an Issuing Bank (other than an Issuing Bank that is also the Administrative Agent) as outstanding from the later of the date of
issuance, or the date Administrative Agent received notice thereof pursuant to the notice delivered by such Issuing Bank pursuant to Section 2.10(b)(i), unless and until the Administrative Agent shall have received written notice from
such Issuing Bank of the termination, expiration, reduction, amendment, modification or replacement of such Letter of Credit; provided that any notice by an Issuing Bank of the issuance, termination, expiration, reduction, amendment,
modification or replacement of a Letter of Credit pursuant to Section 2.10(b)(i) or this Section 2.10(b)(iv) received by the Administrative Agent on a day that is not a Business Day, or after 11:00 a.m. (New York City time)
on a Business Day, shall be deemed to have been given at the opening of business on the next Business Day. 

(c) Drawing and Reimbursement. 

(i) The payment by an Issuing Bank of a draft drawn under any Letter of Credit for the account of a Borrower or its
Subsidiary shall constitute for all purposes of this Agreement the making by an Issuing Bank of a Letter of Credit Advance to such Borrower, which shall accrue interest at the Base Rate plus the Applicable Margin in effect for Base Rate Loans, in
the amount and currency of such draft, and be immediately due and payable in full by such Borrower not later than 2:00 p.m., New York City time, on (1) the Business Day that AGCO receives notice of such payment by the Issuing Bank, if such
notice is received prior to 12:00 noon, New York City time, on such Business Day, or (2) the Business Day immediately following the day that AGCO receives such notice, if such notice is not received prior to such time; provided that AGCO
may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.2 that such payment be financed with a Base Rate Revolving Loan or Swing Line Loan in an equivalent amount and currency and, to the extent
so financed, such Borrower’s obligation to repay the Letter of Credit Advance shall be discharged and replaced by the resulting Base Rate Revolving Loan or Swing Line Loan. 

(ii) Upon the issuance of each Letter of Credit by an Issuing Bank, each Revolving Loan Lender shall be deemed to have
purchased from such Issuing Bank a participation therein equal to its Pro Rata Share (calculated in accordance with Section 2.11(e)(iv) if any Revolving Loan Lender is an Impacted Lender) of the Available Amount of such Letter of Credit
and, upon written demand by such Issuing Bank following a draw on such a Letter of Credit, with a copy of such demand to the Administrative Agent, each Revolving Loan Lender shall purchase from such Issuing Bank, directly and not as a participation,
and such Issuing Bank shall sell and assign to each such other Revolving Loan Lender, such other Revolving Loan Lender’s Pro Rata Share (calculated in accordance with Section 2.11(e)(iv) if any Revolving Loan Lender is an Impacted
Lender) of such Letter of Credit Advance resulting from such draw as of the date of such purchase to the extent not previously repaid by the applicable Borrower, by making available for the account of its Applicable Lending Office to the

  
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Administrative Agent for the account of such Issuing Bank, by deposit to the Administrative Agent’s Account, in same-day funds in the currency in which such Letter of Credit was denominated,
an amount equal to the portion of the outstanding principal amount of such Letter of Credit Advance to be purchased by such Revolving Loan Lender. 
 (iii) Each Borrower agrees to each participation, sale and assignment pursuant to this subsection (c). 
 (iv) Each Revolving Loan Lender agrees to purchase its Pro Rata Share (calculated in accordance with Section 2.11(e)(iv) if any Revolving Loan Lender is an Impacted Lender) of an outstanding
Letter of Credit Advance made by an Issuing Bank on (1) the Business Day on which demand therefor is made by such Issuing Bank, provided notice of such demand is given not later than 11:00 a.m. (New York, New York time) on such Business Day, or
(2) the first Business Day next succeeding such demand if notice of such demand is given after such time. 
 Upon any such
assignment by an Issuing Bank to any Revolving Loan Lender of a portion of a Letter of Credit Advance made by such Issuing Bank, such Issuing Bank shall be deemed to have represented and warranted to such Revolving Loan Lender that such Issuing Bank
is the legal and beneficial owner of such interest being assigned by it, but makes no other representation or warranty and assumes no responsibility with respect to such Letter of Credit Advance, the Loan Documents or any Loan Party. If and to the
extent that any Revolving Loan Lender shall not have so made the purchase price for its Pro Rata Share (calculated in accordance with Section 2.11(e)(iv) if any Revolving Loan Lender is an Impacted Lender) of a Letter of Credit Advance
available to the Administrative Agent, such Revolving Loan Lender agrees to pay to the Administrative Agent forthwith on demand such amount together with interest thereon, for each day from the date of demand by such Issuing Bank until the date such
amount is paid to the Administrative Agent, at the Federal Funds Effective Rate. If such Revolving Loan Lender shall pay to the Administrative Agent such amount for the account of such Issuing Bank on any Business Day, such amount so paid in respect
of principal shall constitute a Letter of Credit Advance made by such Revolving Loan Lender on such Business Day for purposes of this Agreement, and the outstanding principal amount of the Letter of Credit Advance made by such Issuing Bank shall be
reduced by such amount on such Business Day. 
 (d) Obligations Absolute. The Obligations of the
Borrowers under this Agreement, any Letter of Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued by an Issuing Bank shall be unconditional and irrevocable, and shall be paid strictly in accordance with the
terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including without limitation the following circumstances: 

(i) any lack of validity or enforceability of this Agreement, any Letter of Credit Agreement, any Letter of Credit or
any other agreement or instrument relating thereto (this Agreement and all of the other foregoing being, collectively, the “L/C Related Documents”); 

  
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 (ii) any change in the time, manner or place of payment of, or in any other
term of, all or any of the Obligations of any Borrower in respect of any L/C Related Document or any other amendment or waiver of or any consent to departure from all or any of the L/C Related Documents; 

(iii) the existence of any claim, set-off, defense or other right that any Borrower may have at any time against any
beneficiary or any transferee of a Letter of Credit (or any Persons for whom any such beneficiary or any such transferee may be acting), such Issuing Bank or any other Person, whether in connection with the transactions contemplated by the L/C
Related Documents or any unrelated transaction; 
 (iv) any statement or any other document presented under a
Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 
 (v) payment by such Issuing Bank under a Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; provided that this clause
(v) shall not be deemed to be a waiver of any claim that any Borrower might have against such Issuing Bank as a result of any such payment that arises from the gross negligence or willful misconduct of such Issuing Bank; 

(vi) any release or amendment or waiver of or consent to departure from any Guaranty Agreement; or 

(vii) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including without
limitation any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Borrower or a guarantor. 
 2.11. Defaulting Lenders/Impacted Lenders. 
 (a) Cash
Collateralization. At any time that there shall exist an Impacted Lender, within one Business Day following the written request of the Administrative Agent or any Issuing Bank (with a copy to the Administrative Agent), AGCO shall Cash
Collateralize the Issuing Banks’ Fronting Exposure with respect to such Impacted Lender (determined after giving effect to Section 2.11(e)(iv) and any Cash Collateral provided by such Impacted Lender) in an amount not less than the
Minimum Collateral Amount. 
 (b) Grant of Security Interest. AGCO, and to the extent any Cash Collateral
is provided by any Impacted Lender, such Impacted Lender, hereby grants to the Administrative Agent, for the benefit of the Issuing Banks, and agrees to maintain, a first priority security interest in all such Cash Collateral as security for the
Impacted Lenders’ obligation to fund participations in respect of L/C Obligations, to be applied pursuant to clause (c) below. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any
Person other than the Administrative Agent and the Issuing Banks as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, AGCO will, promptly upon demand by the Administrative Agent, pay or
provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Impacted Lender). 

  
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 (c) Application. Notwithstanding anything to the contrary contained
in this Agreement, Cash Collateral provided under this Section 2.11 in respect of Letters of Credit shall be applied to the satisfaction of the Impacted Lender’s obligation to fund participations in respect of L/C Obligations
(including, as to Cash Collateral provided by an Impacted Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein.

 (d) Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to
reduce any Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.11 following (i) the elimination of the applicable Fronting Exposure (including by the termination
of Impacted Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and each Issuing Bank that there exists excess Cash Collateral; provided that, subject to this Section 2.11 the Person
providing Cash Collateral and each Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations. 

(e) Impacted Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any
Lender becomes an Impacted Lender, then, until such time as such Lender is no longer an Impacted Lender (or a Defaulting Lender, as applicable), to the extent permitted by Applicable Law: 

(i) Waivers and Amendments. If such Impacted Lender is a Defaulting Lender, such Defaulting Lender’s right
to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders. 

(ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the
Administrative Agent for the account of such Impacted Lender (whether voluntary or mandatory, at maturity, pursuant to Article 7 or otherwise) or received by the Administrative Agent from an Impacted Lender pursuant to Section 9.5
shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Impacted Lender to the Administrative Agent hereunder; second, to the payment on a
pro rata basis of any amounts owing by such Impacted Lender to any Issuing Bank or the Swing Line Bank hereunder; third, to Cash Collateralize on a pro rata basis the Issuing Banks’ Fronting Exposure with respect to such Impacted Lender
in accordance with Section 2.11(a); fourth, as AGCO may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Impacted Lender has failed to fund its portion thereof as
required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and AGCO, to be held in a deposit account and released pro rata in order to (x) satisfy such Impacted
Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize on a pro rata basis the Issuing Banks’ future Fronting Exposure with respect to such Impacted Lender with respect to
future Letters of Credit issued under this Agreement, in accordance with this Section 2.11; sixth, to the payment of any amounts owing to the Lenders, the Issuing Banks or the Swing Line Bank as a result of any judgment of a court
of competent jurisdiction obtained by any Lender, any Issuing Bank or the Swing Line Bank against such Impacted Lender as a result of such Impacted Lender’s breach of its obligations under this Agreement; seventh, so long

  
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as no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against
such Impacted Lender as a result of such Impacted Lender’s breach of its obligations under this Agreement; and eighth, to such Impacted Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such
payment is a payment of the principal amount of any Loans (including any Letter of Credit Advances) in respect of which such Impacted Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of
Credit were issued at a time when the conditions set forth in Section 3.2 were satisfied or waived, such payment shall be applied solely to pay the Loans (including Letter of Credit Advances) of all Non-Impacted Lenders on a pro rata
basis prior to being applied to the payment of any Loans (including any Letter of Credit Advances) of such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swing Line Loans are held by the
Lenders pro rata in accordance with the Revolving Loan Commitments without giving effect to Section 2.11(e)(iv). Any payments, prepayments or other amounts paid or payable to an Impacted Lender that are applied (or held) to pay amounts
owed by an Impacted Lender or to post Cash Collateral pursuant to this Section 2.11(e)(ii) shall be deemed paid to and redirected by such Impacted Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 

(A) No Defaulting Lender shall be entitled to receive any Unused Fee for any period during which that
Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

(B) No Impacted Lender shall be entitled to receive the fees for Letters of Credit provided under
Section 2.6(c) for any period during which that Lender is an Impacted Lender except to the extent allocable to its Pro Rata Share of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to this
Section 2.11. 
 (C) With respect to any Letter of Credit fee not required to be
paid to any Impacted Lender pursuant to clause (B) above, the applicable Borrowers shall (x) pay to each Non-Impacted Lender that portion of any such fee otherwise payable to such Impacted Lender with respect to such Impacted Lender’s
participation in L/C Obligations or Swing Line Loans that has been reallocated to such Non-Impacted Lender pursuant to clause (iv) below, (y) pay to each Issuing Bank and the Swing Line Bank, as applicable, the amount of any such fee
otherwise payable to such Impacted Lender to the extent allocable to such Issuing Bank’s or the Swing Line Bank’s Fronting Exposure to such Impacted Lender, and (z) not be required to pay the remaining amount of any such fee.

 (iv) Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Impacted
Lender’s participation in L/C Obligations and Swing Line Loans shall be reallocated among the Revolving Loan Lenders that are Non-Impacted Lenders in accordance 

  
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with their respective Pro Rata Share (calculated without regard to such Impacted Lender’s Revolving Loan Commitment) but only to the extent that (x) the conditions set forth in
Section 3.2 are satisfied at the time of such reallocation (and, unless AGCO shall have otherwise notified the Administrative Agent at such time, the Borrowers shall be deemed to have represented and warranted that such conditions are
satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Loan Exposure of any Non-Impacted Lender to exceed such Non-Impacted Lender’s Revolving Loan Commitment. No reallocation hereunder shall constitute a
waiver or release of any claim of any party hereunder against an Impacted Lender arising from that Lender having become an Impacted Lender, including any claim of a Non-Impacted Lender as a result of such Non-Impacted Lender’s increased
exposure following such reallocation. 
 (v) Cash Collateral, Repayment of Swing Line Loans. If the
reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrowers shall, without prejudice to any right or remedy available to them hereunder or under law, (x) first, prepay Swing Line Loans in an amount
equal to the Swing Line Bank’s Fronting Exposure and (y) second, Cash Collateralize the Issuing Banks’ Fronting Exposure in accordance with the procedures set forth in this Section 2.11. 

(f) Impacted Lender Cure. If AGCO, the Administrative Agent, the Swing Line Bank and each Issuing Bank agree in
writing that a Lender is no longer an Impacted Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include
arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Revolving Loan Lenders or take such other actions as the Administrative Agent may determine
to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held pro rata by the Lenders in accordance with the Revolving Loan Commitments (without giving effect to
Section 2.11(e)(iv)), whereupon such Lender will cease to be an Impacted Lender; provided that (x) no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while
that Lender was an Impacted Lender, (y) such Lender that ceases to be an Impacted Lender shall reimburse the other Revolving Loan Lenders for any costs of the type described in Section 10.2 that may be incurred by such Revolving
Loan Lenders as a result of the purchase of Revolving Loans required hereunder, and (z) except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Impacted Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender’s having been an Impacted Lender. 

(g) New Swing Line Loans/Letters of Credit. So long as any Lender is an Impacted Lender, (i) the Swing Line
Bank shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) no Issuing Bank shall be required to issue, extend, renew or increase any
Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 

2.12. Borrower Liability. AGCO and each Domestic Subsidiary Borrower shall be jointly and severally liable for all
Loans and other liabilities hereunder or under any other Loan Document by or of itself or any Borrowing Subsidiary. No Foreign Subsidiary Borrower shall have any liability for any Borrowing or other liabilities hereunder or under any other Loan
Documents by or of AGCO or any other Borrowing Subsidiary (except as may otherwise be provided in such Foreign Subsidiary Borrower’s Guaranty Agreement). 

  
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 2.13. Designated Borrowers. 

(a) After the Agreement Date, AGCO may at any time, upon not less than sixty (60) days notice from AGCO to the
Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), request that any one or more Material Subsidiaries of AGCO (an “Applicant Borrower”) be designated as a
Designated Borrower to receive Revolving Loans or to have Letters of Credit issued hereunder by delivering to the Administrative Agent (which shall deliver counterparts thereof to each Lender) a duly executed notice and agreement in substantially
the form of Exhibit C (a “Designated Borrower Request and Assumption Agreement”); provided, however, AGCO shall not have any right to request that an Applicant Borrower become a Designated Borrower
hereunder if (i) such Applicant Borrower is not a Wholly Owned Subsidiary of AGCO, (ii) any Revolving Loan Lender notifies the Administrative Agent in writing within ten Business Days after such Revolving Loan Lender’s receipt of such
request to add an Applicant Borrower that such Applicant Borrower is organized under the laws of a jurisdiction in which such Revolving Loan Lender is prohibited or restricted from making Revolving Loans (including without limitation any prohibition
or restriction related to the funding of loans from a U.S. office of such Revolving Loan Lender into said jurisdiction), as determined by such Revolving Loan Lender in good faith, or (iii) any Default or Event of Default then exists or would be
caused hereby. The parties hereby acknowledge and agree that prior to any Applicant Borrower becoming a Designated Borrower entitled to utilize the credit facilities provided for herein, (1) the Administrative Agent and the Revolving Loan
Lenders shall have received all information, documents, and certificates required by the Administrative Agent and the Lenders under “know-your-customer” and anti-money laundering rules and regulations, including the USA Patriot Act, and
(2) the Administrative Agent and the Lenders shall have received a Guaranty Agreement, supporting resolutions, incumbency certificates, certified (if available) governing documents and good standing certificates, opinions of counsel and any
other document or information reasonably requested by the Administrative Agent, each in form and substance satisfactory to the Administrative Agent and the Required Lenders (collectively, the “Supporting Documents”). If the
Administrative Agent agrees that an Applicant Borrower shall have satisfied all of the requirements of this Section 2.13 and, therefore, be entitled to become a Designated Borrower hereunder, then promptly following receipt of
(x) all Supporting Documents, (y) a certificate of an Authorized Financial Officer of AGCO certifying that no Default or Event of Default then exists or would result from the joinder of such Applicant Borrower as a Borrower hereunder and
(z) a reaffirmation by each Borrower and each Guarantor of its Guaranty Agreement, in form and substance satisfactory to the Administrative Agent, the Administrative Agent shall send a notice in substantially the form of Exhibit D (a
“Designated Borrower Notice”) to AGCO and the Revolving Loan Lenders specifying the effective date upon which the Applicant Borrower shall constitute a Designated Borrower for purposes thereof, whereupon each of the Revolving
Loan Lenders agrees to permit such Designated Borrower to receive Revolving Loans or to have Letters of Credit issued hereunder, on the terms and conditions set forth herein, and each of the parties agrees that such Designated Borrower otherwise
shall be a Borrower for all purposes of this Agreement; provided, that no Notice of Borrowing or Notice of Issuance maybe submitted by or on behalf of such Designated Borrower until three (3) Business Days after such effective date.

  
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 (b) The Obligations of the Domestic Borrowers shall be joint and several in
nature as more specifically described in Section 2.12. The Obligations of each Foreign Subsidiary Borrower shall be several in nature and not joint except as set forth in any Guaranty Agreement executed by such Foreign Subsidiary
Borrower. 
 (c) Each Foreign Subsidiary Borrower and each Domestic Subsidiary Borrower of AGCO that is or
becomes a “Designated Borrower” pursuant to this Section 2.13 hereby irrevocably appoints AGCO as its agent for all purposes relevant to this Agreement and each of the other Loan Documents, including (i) the
giving and receipt of notices, (ii) the execution and delivery of all documents, instruments and certificates contemplated herein and all modifications hereto, and (iii) in the case of the Domestic Subsidiaries Borrowers only, the receipt
of the proceeds of any Loans made by the Lenders, to any such Borrower hereunder. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each
Borrower acting singly, shall be valid and effective if given or taken only by AGCO, whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to
AGCO in accordance with the terms of this Agreement shall be deemed to have been delivered to each Borrower. 

(d) Notwithstanding anything to the contrary herein, (i) after giving effect to the Acquisition on the Agreement
Date and the merger of Merger Sub and Target thereunder, the only Borrowers shall be AGCO, AGCO UK, AGCO BV, and Target (ii) no other Persons may become a Borrower except in accordance with this Section 2.13, (iii) each of the
Initial Borrowers consents to the addition of Designated Borrowers as “Borrowers” hereunder from time to time in accordance with this Section 2.13, and (iv) only Wholly Owned Material Subsidiaries of AGCO may
become Designated Borrowers. 
 2.14. Incremental Term Loans. 

(a) Following the Agreement Date, AGCO may from time to time through the Maturity Date, propose that additional term
loans in U.S. Dollars be made to it or any of the other Borrowers in accordance with this Section (each, an “Incremental Term Loan”) by delivering a Notice of Incremental Term Loan Borrowing to Administrative Agent
substantially in the form of Exhibit N hereto (a “Notice of Incremental Term Loan Borrowing”), specifying (subject to the restrictions set forth in clause (b) below) therein the (i) amount of the Tranche of
Incremental Term Loans requested (which Tranche shall be in a minimum principal amount of $100,000,000 and integral multiples of $50,000,000 in excess thereof), (ii) requested advance date of the proposed Incremental Term Loans comprising such
Tranche (which shall be at least 15 Business Days from the date of delivery of the Notice of Incremental Term Loan Borrowing), (iii) the interest rate to be applicable to all Incremental Term Loans in such Tranche, (iv) the amortization
for all Incremental Term Loans in such Tranche, and (v) the amount of any upfront or closing fees to be paid by the Borrowers to the Lenders funding the Tranche of Incremental Term Loans requested. Subject to the last sentence in clause
(d) below, each Notice of Incremental Term Loan Borrowing delivered by AGCO shall be irrevocable and shall be binding 

  
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upon all Loan Parties. At the time of delivery of the Notice of Incremental Term Loan Borrowing, AGCO shall also deliver to Administrative Agent a certificate of a Responsible Employee of AGCO
certifying (A) that AGCO and its Subsidiaries are in compliance with the financial covenants set forth in Section 6.10 hereof before and after giving effect to such Incremental Term Loan Borrowing, and (B) that no Default or
Event of Default then exists or would be caused thereby. 
 (b) The aggregate principal amount of all Tranches
of Incremental Term Loans made pursuant to this Section shall not exceed $400,000,000. Repayments of the principal of any Incremental Term Loans may not be reborrowed. Each Tranche of Incremental Term Loans shall bear interest at the Base Rate or
the LIBO Rate plus such Applicable Margin as is set forth in the Notice of Incremental Term Loan Borrowing related to such Tranche, and shall be subject to the amortization set forth in the applicable Notice of Incremental Term Loan Borrowing
relating to such Tranche, provided, however, (i) the final maturity date of any Tranche of Incremental Term Loans shall be the Maturity Date, and (ii) the amortization of the Incremental Term Loans of any Tranche shall not
require a percentage of the Incremental Term Loans of such Tranche to be repaid in any Fiscal Quarter in excess of the Initial Term Loan Repayment Percentage in effect as of the last day of such Fiscal Quarter. All Incremental Term Loans shall for
all purposes be Obligations hereunder and under the Loan Documents. 
 (c) Administrative Agent shall deliver a
copy of each Notice of Incremental Term Loan Borrowing to such Lenders or other Persons that qualify as an Eligible Assignee as may be determined by Administrative Agent in its reasonable discretion with the approval of AGCO or as may be specified
by AGCO. No Lender shall have any obligation to fund any Incremental Term Loan, and any decision by a Lender to fund any Incremental Term Loan shall be made in its sole discretion independently from any other Lender. 

(d) If Administrative Agent receives commitments from Lenders and/or from any other Person that (i) qualifies as an
Eligible Assignee and is acceptable to AGCO and Administrative Agent in its reasonable discretion, and (ii) has agreed to become a Lender in respect of all or a portion of an Incremental Term Loan (an “Additional
Lender”), in excess of the requested Incremental Term Loan, Administrative Agent shall have the right, in its sole discretion but with the consent of AGCO, to reduce and reallocate (within the minimum and maximum amounts specified by
each such Lender or Additional Lender in its notice to Administrative Agent) the shares of the Incremental Term Loan of the Lenders or Additional Lenders willing to fund such Incremental Term Loan so that the total committed Incremental Term Loan
equals the requested Incremental Term Loan. If Administrative Agent does not receive commitments from Lenders (or Additional Lenders) in an amount sufficient to fund the requested Incremental Term Loan, Administrative Agent shall so notify AGCO and
the Notice of Incremental Term Loan Borrowing shall be deemed automatically rescinded; provided, AGCO may submit a replacement Notice of Incremental Term Loan Borrowing setting forth different terms for the requested Incremental Term Loan
Borrowing. 
 (e) An agreement to fund Incremental Term Loans pursuant to this Section shall become effective
upon the receipt by Administrative Agent of an agreement in form and substance reasonably satisfactory to Administrative Agent and AGCO signed by each Loan Party, by each Additional Lender and by each existing Lender who has agreed to fund such

  
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Incremental Term Loans, setting forth the new Incremental Term Loans of such Lenders and setting forth the agreement of each Additional Lender to become a party to this Agreement as a Lender and
to be bound by all the terms and provisions hereof, together with officer’s certificates and ratification agreements executed by each Loan Party and such evidence of appropriate corporate authorization on the part of each Loan Party with
respect to the requested Incremental Term Loans, any amendments to this Agreement and any other Loan Documents reasonably requested by Administrative Agent in relation to the requested Incremental Term Loans (which amendments to the Loan Documents
(other than this Agreement) Administrative Agent is hereby authorized to execute on behalf of the Lenders), and such opinions of counsel for the Loan Parties with respect to the requested Incremental Term Loans and other assurances and documents as
Administrative Agent may reasonably request. 
 ARTICLE 3 

CONDITIONS PRECEDENT 
 3.1. Conditions Precedent to Agreement Date. The effectiveness of this Agreement and the obligation of each Lender to make the Loans hereunder and the obligation of any Issuing Bank to issue the
initial Letters of Credit, is subject to the satisfaction of the following conditions precedent: 
 (a) The
Lenders shall be satisfied that, in connection with the initial Borrowing hereunder, simultaneously with such initial Borrowing, all amounts owing under the Existing Credit Agreement shall have been paid in full and all commitments to lend
thereunder shall be terminated; 
 (b) The Administrative Agent shall have received, on or before the Agreement
Date (except to the extent delivery of certain documents with respect to AGCO UK and AGCO BV after the Agreement Date is permitted under Section 5.15), the following, each dated such date (unless otherwise specified), in form and
substance satisfactory to the Administrative Agent (unless otherwise specified): 
 (i) This Agreement, duly
executed and delivered by the Borrowers, the Administrative Agent and each Initial Lender; 
 (ii) The Fee
Letter, duly executed and delivered by the Borrowers; 
 (iii) Each of the Guaranty Agreements duly executed by
each Person specified on Schedule G, each such Guaranty Agreement to be in form and substance satisfactory to the Administrative Agent, and guaranteeing the obligations specified in such Schedule; 

(iv) Certified copies of the resolutions of the Board of Directors of each Borrower and Guarantor approving the
execution and delivery of the Loan Document to which it is a party, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and the Loan Documents (except to the extent
delivery of such documents with respect to AGCO UK and AGCO BV after the Agreement Date is permitted under Section 5.15); 

  
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 (v) Such documents and certificates as Administrative Agent may reasonably
request relating to the organization, existence and good standing (or the equivalent in the applicable jurisdiction) of each Loan Party, the authorization of the Transactions, the identity, authority and capacity of each Responsible Employee
authorized to act on behalf of a Loan Party in connection with the Loan Documents and any other legal matters relating to the Loan Parties, this Agreement, the other Loan Documents or the Transactions (except to the extent delivery of such documents
with respect to AGCO UK and AGCO BV after the Agreement Date is permitted under Section 5.15); 

(vi) A Notice of Borrowing executed and delivered by AGCO to Administrative Agent pursuant to Section 2.2(a)
with respect to the initial funding of the Loans to be made on the Agreement Date; and 
 (vii) A favorable
opinion of (A) Troutman Sanders LLP, counsel to the Loan Parties, (B) internal counsel to AGCO BV and (C) internal counsel to AGCO UK (except to the extent delivery of the opinions of counsel described in the preceding clauses
(B) and (C) with respect to AGCO UK and AGCO BV after the Agreement Date is permitted under Section 5.15); and 
 (c) There shall be no Default or Event of Default hereunder as a result of (i) defaults under other indebtedness of AGCO and its Existing Subsidiaries in an aggregate amount in excess of $50,000,000,
(ii) any judgments or orders for the payment of money of the types describe in Section 7.1(f) against AGCO or any Existing Subsidiary in an aggregate amount in excess of $50,000,000, or (iii) any bankruptcy or insolvency events
of the types described in Section 7.1(e) relating to AGCO and the Existing Subsidiaries; 
 (d) The
Administrative Agent shall have received evidence (which evidence may include a certificate to such facts by a Responsible Employee of AGCO) that the Acquisition shall have been consummated on the Agreement Date (or shall be simultaneously with the
initial funding of the initial extensions of credit hereunder) in accordance with the terms and conditions of the Acquisition Agreement and in accordance with all applicable requirements of law, and no conditions precedent or other terms or
provisions of the Acquisition Documents shall have been amended or modified, and no condition shall have been waived or consent granted, in any respect that is material and adverse to the interest of the Lenders without the Administrative
Agent’s prior written consent (such consent not to be unreasonably withheld or delayed), it being understood and agreed that (i) any amendment or modification of the Acquisition Agreement to provide for the payment of any of the cash
consideration by Merger Sub rather than AGCO shall be deemed to not be material or adverse to the interest of the Lenders and (ii) any increase or decrease in the Merger Consideration (as defined in the Acquisition Agreement, and other than as
a result of any adjustment to the Merger Consideration as provided in the Acquisition Agreement as in effect on September 30, 2011), or any change to the definition of Company Material Adverse Effect (as defined in the Acquisition Agreement),
shall in each case be deemed to be material and adverse to the interest of the Lenders; 
 (e) The
Administrative Agent shall have received a copy of the Acquisition Agreement and any amendments, supplements, annexes, schedules or modifications thereto, together with a certificate of a Responsible Employee of AGCO to the effect that attached
thereto are true and complete copies of each such document in effect on the Agreement Date; 

  
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 (f) The representations and warranties made by or on behalf of the Target
and its Subsidiaries in the Acquisition Agreement as are material to the interests of the Lenders shall be true and correct as of the Agreement Date but only to the extent that AGCO (or its Subsidiary) has the right to terminate its obligations
under the Acquisition Agreement as a result of a breach of such representations in the Acquisition Agreement; 

(g) There shall not have occurred any event, development or circumstance since June 30, 2011 that has caused or
could reasonably be expected to cause a Company Material Adverse Effect (as defined in the Acquisition Agreement) with respect to the Target and the Acquired Business; 

(h) The Administrative Agent shall have received (i) unaudited consolidated balance sheets and related statements of
income, stockholders’ equity and cash flows of AGCO and its Subsidiaries for the Fiscal Quarter ending September 30, 2011 prepared in conformity with GAAP; (ii) audited consolidated balance sheets and related statements of income,
stockholders’ equity and cash flows of the Acquired Business for the two years ended December 31, 2010, in each case prepared in conformity with GAAP; and (iii) customary pro forma financial statements in a format acceptable for an
offering memorandum in Rule 144A debt offerings; 
 (i) The Administrative Agent and the Lenders shall have
received all information, documents, and certificates required by the Administrative Agent and the Lenders under “know-your-customer” and anti-money laundering rules and regulations, including the USA Patriot Act (except to the extent
delivery of such documents with respect to AGCO UK and AGCO BV after the Agreement Date is permitted under Section 5.15); and 
 (j) AGCO shall have paid all fees and expenses (including the fees and expenses of counsel) of the Administrative Agent and Lenders that are due and payable on the Agreement Date, in each case which have
been invoiced at least two Business Days before the Agreement Date, and are in compliance with all terms of the Fee Letter on or before the Agreement Date. 
 3.2. Conditions Precedent to Each Borrowing and Issuance. The obligation of each Lender to make a Loan (including initial Loans made on the Agreement Date but excluding any Letter of Credit
Advance), and the right of any Borrower to request the issuance of Letters of Credit by an Issuing Bank, shall be subject to the further conditions precedent that on the date of such Borrowing or issuance, the following statements shall be true and
any Notice of Borrowing or Notice of Issuance delivered to the Administrative Agent hereunder shall certify that, as of the date of the Borrowing requested thereunder: 

(a) the representations and warranties contained in each Loan Document (except, that with respect to the initial Loans
made on the Agreement Date, only the representations contained in Sections 4.1(a), (d), (e), (f), (g), (j), (k), (o), (but only with respect to AGCO and the Existing Subsidiaries), (p),
(t) and (u) (but only with respect to compliance with 

  
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the USA Patriot Act)) will be correct on and as of the date of such Borrowing or issuance, before and after giving effect to such Borrowing or issuance and to the application of the proceeds
therefrom, as though made on and as of such date, and request for the issuance of a Letter of Credit by an Issuing Bank delivered to such Issuing Bank hereunder, in each case other than as permitted by Section 4.2; 

(b) with respect to any such Borrowing or issuance other than the initial Borrowing hereunder on the Agreement Date, no
event shall have occurred and be continuing, or would result from such Borrowing or issuance or from the application of the proceeds therefrom, that constitutes or would constitute a Default or Event of Default; 

(c) if the applicable Borrower is a Designated Borrower, then the conditions of Section 2.13 to designate
such Borrower as a Designated Borrower shall have been met to the satisfaction of the Administrative Agent; 

(d) Administrative Agent and, if applicable, such Issuing Bank or the Swing Line Bank shall have received a Notice of
Borrowing or Notice of Issuance, as applicable, in accordance with the requirements of this Agreement. 
 (e)
such Borrowing or issuance of a Letter of Credit is permitted under Article 2. 
 3.3. Determinations
Under Section 3.1. For purposes of determining compliance with the conditions specified in Sections 3.1 and 3.2, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or
other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received
notice from such Lender prior to the initial Borrowing specifying its objection thereto and such Lender shall not have made available to the Administrative Agent such Lender’s ratable portion of such Borrowing. 

ARTICLE 4 

REPRESENTATIONS AND WARRANTIES 
 4.1. Representations and Warranties of the Borrowers. In order to induce the Administrative Agent, the Lenders and the Issuing Banks to enter into this Agreement and to extend credit to each
Borrower, each Borrower hereby agrees, represents, and warrants as follows: 
 (a) Organization; Power.
Each Loan Party and each of its Material Subsidiaries (i) is duly organized, validly existing and in good standing (if applicable) under the laws of the jurisdiction of its organization, (ii) is duly qualified and in good standing (if
applicable) as a foreign corporation in each other jurisdiction in which it owns or leases property or in which the conduct of its business requires it to so qualify or be licensed except where the failure to so qualify or be licensed would not
reasonably be expected to result in a Material Adverse Effect, and (iii) has all requisite power and authority to own or lease and operate its properties, to conduct its business as now being conducted and as proposed to be conducted and to
enter into and carry out the terms of the Loan Documents to which it is a party. 

  
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 (b) Subsidiaries. Set forth on Schedule 4.1(b) is a complete
and accurate list of all Subsidiaries of AGCO, as of the Agreement Date (after giving effect to the Acquisition) showing (as to each such Subsidiary) the jurisdiction of its incorporation or formation, the percentage of the outstanding shares of
each such class owned (directly or indirectly) by AGCO and whether it is a Material Subsidiary. All of the outstanding Equity Interests in all of the Subsidiaries of AGCO owned by AGCO or any of its Subsidiaries has been validly issued, is fully
paid and non-assessable and is (after giving effect to the Acquisition) owned by AGCO or one or more of its Subsidiaries free and clear of all Liens, except for Permitted Liens. 

(c) Acquisition. As of the Agreement Date, AGCO has delivered to Administrative Agent a complete and correct copy
of each Acquisition Document. Each of the transactions contemplated in the Acquisition Agreement (to the extent that any Loan Party is a party to such transaction) complies in all material respects with, and has been consummated in all material
respects in accordance with, the terms of the Acquisition Agreement and all Applicable Laws. All requisite approvals by Governmental Authorities with respect to the transactions contemplated by the Acquisition Agreement (to the extent they involve
an Loan Party) have been obtained (or all applicable waiting periods in connection with the Acquisitions have expired without any action having been taken by any Governmental Authority), and no Governmental Authority, in connection with any such
requisite approval, has imposed any material conditions to the consummation of the transactions contemplated by the Acquisition Agreement or to the conduct by any Loan Party or any of its Subsidiaries’ business thereafter. To the best of each
Borrower’s knowledge, the representations or warranties given by the Target and the Stockholder Representative (as defined therein) in the Acquisition Agreement are true and correct in all material respects. Each of the representations and
warranties given by each applicable Loan Party in the Acquisition Agreement is true and correct in all material respects. 
 (d) Authorization; No Conflict. The execution, delivery and performance by each Loan Party of this Agreement each other Loan Document and each L/C Related Document to which it is or is to be a
party and the other transactions contemplated hereby, are within such Loan Party’s corporate or other similar powers, have been duly authorized by all necessary corporate or other similar action, and do not (i) contravene such Loan
Party’s charter or bylaws; (ii) violate any Applicable Law or any order of any Governmental Authority; (iii) result in the breach of, or constitute a default under, any material contract, loan agreement, indenture, mortgage, deed of
trust, lease or other instrument binding on or affecting any Loan Party, any of its Subsidiaries or any of their properties; or (iv) result in or require the creation or imposition of any Lien upon or with respect to any of the properties of
any Loan Party or any of its Subsidiaries. No Loan Party or any of its Subsidiaries is in violation of any such Applicable Law or in breach of any such contract, loan agreement, indenture, mortgage, deed of trust, lease or other instrument, the
violation or breach of which not reasonably be expected to result in a Material Adverse Effect. 
 (e) No
Authorizations Needed. Giving effect to the execution and delivery of the Loan Documents and the making of the initial Loans hereunder, no authorization or approval or other action by, and no notice to or filing with, any Governmental Authority
or regulatory body or any other third party is required for the due execution, delivery or performance by any Loan Party of this Agreement, any other Loan Document or any L/C Related Document to which it is or is to be a party, or for the
consummation of the transactions hereunder. 

  
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 (f) Enforceability. This Agreement, each other Loan Document and each
L/C Related Document have been (or, when delivered hereunder will have been), duly executed and delivered by each Loan Party thereto. This Agreement, each other Loan Document and each L/C Related Document have been (or, when delivered hereunder will
be), the legal, valid and binding obligation of each Loan Party thereto, enforceable against such Loan Party in accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws and principles of equity. 
 (g) Financial Statements. Each of the (i) unaudited consolidated
balance sheets and related statements of income, stockholders’ equity and cash flows of AGCO and its Subsidiaries for the Fiscal Quarter ending September 30, 2011 and (ii) audited consolidated balance sheets and related statements of
income, stockholders’ equity and cash flows of the Acquired Business for the two years ended December 31, 2010 furnished to the Administrative Agent pursuant to Section 3.1(h) fairly present the consolidated financial condition
and results of AGCO and its Subsidiaries (or the Acquired Business, as applicable), as at such date and the consolidated results of the operations of AGCO and its Subsidiaries and AGCO and its Subsidiaries, respectively, for the period ended on such
date, all in accordance with Applicable Accounting Standards applied on a consistent basis, and since December 31, 2010, there has been no event, occurrence or development that, individually or in the aggregate, has had a Material Adverse
Effect. 
 (h) Projection; Other Information. The pro forma financial statements furnished to the
Administrative Agent pursuant to Section 3.1(h) were prepared in good faith based upon assumptions believed by management of AGCO or the Target, as applicable, to be reasonable at the time made, it being understood and agreed that
financial projections are not a guarantee of financial performance and actual results may differ from financial projections and such differences may be material. 

(i) Litigation. There is no action, suit, investigation, litigation or proceeding affecting AGCO or any of its
Subsidiaries, including any Environmental Action, pending or threatened before any court, governmental agency or arbitrator that purport to affect the legality, validity or enforceability of this Agreement, any other Loan Document or any L/C Related
Document or the consummation of the transactions contemplated thereby or hereby, or that individually or in the aggregate would reasonably be expected to result in a Material Adverse Effect. 

(j) Margin Stock. Neither AGCO nor any of its Subsidiaries is engaged principally, or as one of its important
activities, in the business of purchasing or carrying any Margin Stock, or extending credit for the purpose of purchasing or carrying Margin Stock. Neither the making of any extension of credit hereunder nor the use of the proceeds thereof will
violate the provisions of Regulation U. 
 (k) Senior Indebtedness. All Borrowings under this Agreement
will be “Senior Indebtedness,” (or such other similar term) under and as defined in the Subordinated Debt Documents. This Agreement and all Loan Documents shall be the “Bank Credit Agreement,” or a
“Designated Senior Indebtedness” (or such other similar term), and the Obligations hereunder shall constitute “Senior Indebtedness” or such other similar term, under and as defined in, the 2036 Senior
Subordinated Notes Documents. 

  
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 (l) ERISA Matters. No ERISA Event has occurred or is reasonably
expected to occur with respect to any Plan of any Loan Party or any of its ERISA Affiliates that has resulted in or would reasonably be expected to result in a Material Adverse Effect. Schedule B (Actuarial Information) to the most recent annual
report (Form 5500 Series) that any Loan Party or any of its ERISA Affiliates is required to file for any Plan, copies of which have been filed with the Internal Revenue Service, is complete and accurate and fairly presents the funding status of such
Plan, and, except as set forth on Schedule 4.1(l), since the date of such Schedule B there has been no material adverse change in such funding status. Neither any Loan Party nor any of its ERISA Affiliates has incurred or is reasonably
expected to incur any Withdrawal Liability to any Multiemployer Plan that would reasonably be expected to result in a Material Adverse Effect. Neither any Loan Party nor any of its ERISA Affiliates has been notified by the sponsor of a Multiemployer
Plan of any Loan Party or any of its ERISA Affiliates that such Multiemployer Plan is in reorganization or has been terminated, within the meaning of Title IV of ERISA, and to the knowledge of AGCO no such Multiemployer Plan is reasonably expected
to be in reorganization or to be terminated, within the meaning of Title IV of ERISA, in either case which reorganization or termination would reasonably be expected to result in a Material Adverse Effect. With respect to each scheme or arrangement
mandated by a government other than the United States providing for post-employment benefits (a “Foreign Government Scheme or Arrangement”) and with respect to each employee benefit plan maintained or contributed to by any
Loan Party or any Subsidiary of any Loan Party that is not subject to United States law providing for post-employment benefits (a “Foreign Plan”): (i) all material employer and employee contributions required by law or
by the terms of any Foreign Government Scheme or Arrangement or any Foreign Plan have been made, or, if applicable, accrued, in accordance with normal accounting practices; (ii) the fair market value of the assets of each funded Foreign Plan,
the liability of each insurer for any Foreign Plan funded through insurance or the book reserve established for any Foreign Plan, together with any accrued contributions, is sufficient to procure or provide for the accrued benefit obligations, as of
the Agreement Date, with respect to all current and former participants in such Foreign Plan according to the actuarial assumptions and valuations most recently used to account for such obligations, in accordance with applicable generally accepted
accounting principles, and the liability of each Loan Party and each Subsidiary of a Loan Party with respect to a Foreign Plan is reflected in accordance with normal accounting practices on the financial statements of such Loan Party or such
Subsidiary, as the case may be; and (iii) each Foreign Plan required to be registered has been registered and has been maintained in good standing with applicable regulatory authorities unless, in each case, the failure to do so would not be
reasonably be expected to result in a Material Adverse Effect. 
 (m) Compliance with Laws; Environmental
Matters. Each of AGCO and its Subsidiaries is in compliance in all respects with the requirements of all Applicable Laws (including Environmental Laws) and all orders, writs, injunctions and decrees applicable to it or to its properties
(including any Environmental Action), except in such instances in which (a) such requirement of Applicable Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the
failure to comply therewith, either individually or in the aggregate, would not reasonably be expected to result in Material Adverse Effect. 

  
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 (n) Taxes. Each of AGCO and each of its Subsidiaries has filed, has
caused to be filed or has been included in all federal and foreign income-tax returns, all federal, provincial or state income-tax returns where a tax Lien could be imposed on any assets of AGCO or any of its Subsidiaries and all other material
income-tax and governmental remittance returns required to be filed and has paid all taxes and other amounts shown thereon to be due, together with applicable interest and penalties, except for any taxes being contested in good faith by appropriate
proceedings promptly initiated and diligently pursued and for which reserves or other appropriate provisions required by Applicable Accounting Standards have been established. 

(o) Solvency. AGCO is, and will be after giving effect to the transactions contemplated hereby, individually and
together with its Subsidiaries, Solvent. 
 (p) Investment Company. Neither AGCO nor any of its
Subsidiaries is an “investment company” or a company “controlled” by an “investment company”, as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended. Neither the making of any
Loans, nor the issuance of any Letters of Credit, nor the application of the proceeds or repayment thereof by any Borrower, nor the consummation of the other transactions contemplated hereby, will violate any provision of the Investment Company Act
of 1940, as amended, or any rule, regulation or order of the Securities and Exchange Commission thereunder. 

(q) Intellectual Property. AGCO and its Subsidiaries own, or possess the right to use, without conflict with the
rights of any other Person, all trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights that are reasonably necessary for the operation of their respective businesses
except to the extent failure to do so would reasonably be expected to result in a Material Adverse Effect. 

(r) Disclosures. As of the Agreement Date, AGCO has disclosed to the Lenders all material agreements, instruments
and corporate or other restrictions to which it or any of its Subsidiaries is subject. The Information Memorandum and the other reports, financial statements, certificates and other information furnished by or on behalf of AGCO or any Subsidiary to
the Administrative Agent or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished), together with AGCO’s annual report on Form 10-K and quarterly
report on Form 10-Q, in each case most recently filed by AGCO with the SEC, taken as a whole, do not contain any material misstatement of fact or omit to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that, with respect to projected financial information, AGCO represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the
time. 
 (s) Employee Relations. The Borrowers know of no pending, threatened or contemplated strikes,
work stoppage or other labor disputes involving AGCO or any of its Subsidiaries’ employees except where such strike, work stoppage or other labor dispute would not reasonably be expected to result in a Material Adverse Effect. 

  
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 (t) Anti-Terrorism Laws. None of Borrowers nor any Affiliate of any
Borrower knows, or reasonably should know of, any violation of any Anti-Terrorism Law or knowingly engages in or conspires to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of
the prohibitions set forth in any Anti-Terrorism Law. 
 (u) Blocked Persons. To Borrowers’
knowledge, none of Borrowers nor any Affiliate of any Borrower is any of the following (each a “Blocked Person”): 
 (i) a Person that is listed in the annex to, or is otherwise subject to the provisions of, Executive Order No. 13224; 

(ii) a Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is
otherwise subject to the provisions of, Executive Order No. 13224; 
 (iii) a Person or entity with which
any bank or other financial institution is prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law; 
 (iv) a Person or entity that commits, threatens or conspires to commit or supports “terrorism” as defined in Executive Order No. 13224; 

(v) a Person or entity that is named as a “specially designated national” or other blocked person on the most
current list maintained by OFAC and published or made available in the Federal Register or published by OFAC at its official website or any replacement website or other replacement official publication of such list; or 

(vi) a Person or entity who is affiliated with a Person or entity listed above. 

Neither any Borrower nor any Affiliate of any Borrower (i) knowingly conducts any business or engages in making or
receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person or (ii) knowingly deals in, or otherwise engages in any transaction relating to, any property or interests in property blocked pursuant to
Executive Order No. 13224 or other applicable Anti-Terrorism Law. 
 (vii) Use of Loans. The Loans
are intended solely for the purposes set forth in Section 5.13 and the Loans are not intended specifically to enable any transaction that, if conducted by a United States entity, would violate any rules or regulations promulgated by OFAC
or other United States economic or trade sanctions restrictions. 
 4.2. Survival of Representations and
Warranties, etc. All representations and warranties made under this Agreement shall be deemed to be made, at and as of the Agreement Date (unless otherwise specified) and the date of each Loan which will increase the principal amount of the
Obligations outstanding, or upon the issuance of a Letter of Credit hereunder, except (a) to the extent previously fulfilled in accordance with the terms hereof, (b) to the extent subsequently inapplicable, (c) to the extent such
representation or warranty is limited to a 

  
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specified date, and (d) as a result of changes permitted by the terms of this Agreement. All representations and warranties made under this Agreement shall survive, and not be waived by, the
execution hereof by the Lenders, the Administrative Agent and the Issuing Banks, any investigation or inquiry by any Lender, Issuing Bank or the Administrative Agent, or the making of any Loan or the issuance of any Letter of Credit under this
Agreement. 
 ARTICLE 5 
 AFFIRMATIVE COVENANTS 
 Each Borrower covenants and agrees
that, so long as any Loan shall remain unpaid, any Letter of Credit shall be outstanding or any Lender shall have any Commitment hereunder: 
 5.1. Reporting Requirements. AGCO shall deliver to the Administrative Agent: 
 (a) Quarterly Financials. As soon as available and in any event within forty-five (45) days (plus any extension period obtained by AGCO from the Securities and Exchange Commission for the
filing of an equivalent periodic report under Rule 12b-25 of the General Rules and Regulations under the Securities Exchange Act of 1934) after the end of each of the first three (3) Fiscal Quarters of each Fiscal Year of AGCO, consolidated
balance sheets of AGCO and its Subsidiaries, as of the end of such Fiscal Quarter and consolidated statements of income and cash flows of AGCO and its Subsidiaries, for the portion of the Fiscal Year then ended, setting forth in each case in
comparative form the corresponding figures for the corresponding period of the preceding Fiscal Year, all in reasonable detail and duly certified (except as to the omission of footnotes and subject to year-end audit adjustments) by an Authorized
Financial Officer of AGCO as having been prepared in accordance with Applicable Accounting Standards. 
 (b)
Annual Financials. As soon as available and in any event within ninety (90) days (plus any extension period obtained by AGCO from the Securities and Exchange Commission for the filing of an equivalent periodic report under Rule 12b-25 of
the General Rules and Regulations under the Securities Exchange Act of 1934) after the end of each Fiscal Year of AGCO, a copy of the annual audit report for such year for AGCO and its Subsidiaries, including therein consolidated balance sheets and
consolidated statements of income and cash flows of AGCO and its Subsidiaries for such Fiscal Year, in each case reported on by KPMG LLC or other independent public accountants of recognized national standing (without a “going concern” or
like qualification or exception) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of AGCO and its consolidated Subsidiaries on a consolidated basis in
accordance with Applicable Accounting Standards consistently applied. 
 (c) Compliance Certificate.
Concurrently with the delivery of the quarterly or annual financial statements pursuant to (a) or (b) above: 
 (i) a schedule in form satisfactory to the Administrative Agent of the computations used by AGCO in determining, as of the end of such Fiscal Quarter or Fiscal Year, compliance with the financial
covenants contained in Section 6.10; and 

  
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 (ii) a certificate of an Authorized Financial Officer of AGCO stating that
no Default has occurred and is continuing or, if a Default has occurred and is continuing, a statement as to the nature thereof and the action that AGCO has taken and proposes to take with respect thereto. 

(d) Other Information. Such other information respecting the business, condition (financial or otherwise),
operations, performance, taxes, properties or prospects of any Loan Party or any of its Subsidiaries as the Administrative Agent may reasonably request or any Lender may from time to time reasonably request through the Administrative Agent.

 5.2. Notices. AGCO shall notify the Administrative Agent: 

(a) Default Notice. As soon as possible and in any event within two (2) Business Days after a Responsible
Employee shall know of the occurrence of each Default, a statement of an Authorized Financial Officer of AGCO setting forth details of such Default and the action that AGCO has taken and proposes to take with respect thereto; and 

(b) Adverse Developments. Promptly after any Responsible Employee becomes aware of the occurrence thereof, notice
of any other event or condition (including the commencement of any actions, suits, investigations, litigation and proceedings before any court or governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign)
relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of AGCO and its Subsidiaries that would reasonably be expected to result in a Material Adverse Effect. 

5.3. Compliance with Laws, Etc. AGCO shall comply, and shall cause each of its Subsidiaries to comply, with all
Applicable Laws (including Environmental Laws), except where the failure to so comply would not reasonably be expected to result in a Material Adverse Effect. 
 5.4. Preservation of Existence, Etc. AGCO shall, and shall cause each of its Subsidiaries to, do or cause to be done all things necessary to (a) preserve, renew and keep in full force and
effect (i) its legal existence, (ii) the rights, qualifications, licenses, permits, privileges, franchises, governmental authorizations and intellectual property rights material to the conduct of its business except where the failure to do
so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted except where
the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect; provided that the foregoing clauses (a) and (b) shall not prohibit any merger, consolidation, liquidation or
dissolution permitted under Section 6.4. 
 5.5. Payment of Taxes and Claims. AGCO shall, and
shall cause each Subsidiary to, pay and discharge all material federal, foreign, state and local taxes, assessments, and governmental charges or levies imposed upon any of them or their respective incomes or profits or upon any properties belonging
to any of them prior to the date on which penalties attach thereto; except that, no such tax, assessment, charge, levy, or claim need be paid which is being contested in good faith by appropriate proceedings and for which adequate reserves shall
have been set aside on the appropriate books. 

  
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 5.6. Maintenance of Insurance. AGCO shall maintain, and cause each of
its Subsidiaries to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the
same general areas in which AGCO or such Subsidiary operates, subject to customary self-insurance, deductibles and co-payment obligations. 
 5.7. Visitation Rights. AGCO shall permit, and shall cause its Subsidiaries to permit, representatives of the Administrative Agent and, if accompanied by the representatives of the Administrative
Agent, representatives of each Issuing Bank and each Lender to (a) visit and inspect the properties of AGCO and its Subsidiaries during normal business hours, (b) inspect and make extracts from and copies of AGCO’s and its
Subsidiaries’ books and records and (c) discuss with its respective principal officers, directors and accountants its businesses, assets, liabilities, financial positions, results of operations, and business prospects; provided,
however, the Administrative Agent will use reasonable efforts to coordinate with AGCO such visit and inspections to limit any inconvenience to AGCO and its Subsidiaries and, prior to the occurrence of any Default hereunder, the Administrative
Agent shall give AGCO reasonable prior notice of any such visit or inspection. 
 5.8. Accounting
Methods. AGCO shall maintain, and cause each of its Subsidiaries to maintain, a system of accounting established and administered in accordance with Applicable Accounting Standards, and will keep adequate records and books of account in which
complete entries will be made in accordance with such accounting principles consistently applied and reflecting all transactions required to be reflected by such accounting principles. 

5.9. Maintenance of Properties, Etc. AGCO shall preserve, and shall cause each of its Subsidiaries to maintain and
preserve in the ordinary course of business in good repair, working order, and condition, normal wear and tear, removal from service for routine maintenance and repair and disposal of obsolete equipment excepted, all properties used or useful in
their respective businesses (whether owned or held under lease), and from time to time make or cause to be made all needed and appropriate repairs, renewals, replacements, additions, and improvements thereto, except in each case where such failure
to do so would not reasonably be expected to result in a Material Adverse Effect. 
 5.10. Further
Assurances. Upon the reasonable request of the Administrative Agent, AGCO shall promptly cure, or cause to be cured, defects in the execution and delivery of the Loan Documents (including this Agreement), resulting from any act or failure to act
by any Loan Party or any employee or officer thereof. AGCO at its expense will promptly execute and deliver to the Administrative Agent and the Lenders, or cause to be executed and delivered to the Administrative Agent and the Lenders, all such
other and further documents, agreements, and instruments in compliance with or accomplishment of the covenants and agreements of AGCO and its Subsidiaries in the Loan Documents, including this Agreement, or to correct any omissions in the Loan
Documents, or more fully to state the obligations set out herein or in any of the Loan Documents, or to obtain any consents, all as may be necessary or appropriate in connection therewith as may be reasonably requested by the Administrative Agent.

  
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 5.12. Additional Domestic Subsidiaries. At any time after the
Agreement Date, in the event that AGCO or any Subsidiary of AGCO acquires or forms a new Domestic Subsidiary of AGCO that is a Material Subsidiary or any Non-Material Domestic Subsidiary becomes a Material Subsidiary, AGCO shall (a) cause such
Domestic Subsidiary to provide to the Administrative Agent, for the benefit of the Lenders, a Guaranty Agreement, in form and substance satisfactory to the Administrative Agent, pursuant to which such Domestic Subsidiary shall guaranty the
Obligations under this Agreement and (b) provide to the Administrative Agent, for the benefit of the Lenders, all other documentation, including one or more opinions of counsel satisfactory to the Administrative Agent, which in its reasonable
opinion is appropriate with respect to the execution and delivery of the Guaranty Agreement referred to above. 

5.13. Use of Proceeds. The proceeds of the Loans shall only be used (a) to repay of all Indebtedness under
the Existing Credit Agreement, (b) to pay the consideration due under the Acquisition Agreement, (c) to pay transaction costs relating to the Transactions, and (d) for working capital needs and general corporate purposes, in each case
for the Borrowers and each Borrower’s Subsidiaries. 
 5.14. Reaffirmation of Target Obligations.
Concurrently with the consummation of the merger of Merger Sub and Target, AGCO shall cause Target, as successor to such merger, to execute and deliver to Administrative Agent a reaffirmation of its obligations as a Borrower, Initial Borrower, and
Loan Party hereunder, and each such other document reasonably requested by the Administrative Agent in connection with the Target becoming a Borrower, Initial Borrower, and Loan Party hereunder. 

5.15. Post-Closing Deliverables. On or before December 30, 2011, AGCO shall deliver to Administrative Agent
such documents as required under Sections 3.1(b)(iv), (v), and (vii) and Section 3.1(i) with respect to AGCO UK and AGCO BV, in each case, in form and substance satisfactory to the Administrative Agent; provided, notwithstanding
anything to the contrary in this Agreement, neither AGCO UK nor AGCO BV may request (either directly or through AGCO) any Borrowing or the issuance of any Letter of Credit for its account or the account of its Subsidiary or be entitled to exercise
any other rights of a Borrower hereunder unless and until all such documents and the requirements under such Sections have been satisfied. 
 ARTICLE 6 
 NEGATIVE COVENANTS 

Each Borrower covenants and agrees that, so long as any Loan shall remain unpaid, any Letter of Credit shall be
outstanding or any Lender shall have any Commitment hereunder: 
 6.1. Indebtedness. AGCO shall not
create, assume, incur or otherwise become or remain obligated in respect of, or permit to be outstanding, and shall not permit any of its Subsidiaries to create, assume, incur or otherwise become or remain obligated in respect of, or permit to be
outstanding, any Indebtedness except: 
 (a) Indebtedness under this Agreement and the other Loan Documents;

 (b) Unsecured Indebtedness of AGCO under the 2036 Senior Subordinated Notes Documents and Senior Debt
Documents, in each case, as of the Agreement Date; 

  
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 (c) Unsecured Indebtedness under the European Term Loan Credit Agreement as
of the Agreement Date; 
 (d) Intercompany Indebtedness among any of AGCO and the Subsidiaries; provided,
to the extent such Indebtedness is incurred by or an obligation of AGCO or any other Loan Party, such Indebtedness, shall be unsecured and, upon the occurrence of an Event of Default, subordinated to the Obligations; 

(e) Indebtedness incurred in connection with a New Market Tax Credit Transaction in an aggregate amount not to exceed
$20,000,000; 
 (f) Indebtedness under any Capitalized Leases in existence as of the Agreement Date; and

 (g) Indebtedness incurred after the Agreement Date so long as (i) no Default exists or would result
therefrom, (ii) AGCO determines after giving effect to the incurrence of such Indebtedness that it is in pro forma compliance with the financial covenants set forth in Section 6.10, and (iii) such Indebtedness shall be
unsecured except to the extent it is secured by a Permitted Lien. 
 6.2. Liens, Etc. AGCO shall not
create, incur, assume or suffer to exist, or permit any of its Subsidiaries to create, incur, assume or suffer to exist, any Lien on or with respect to any of its properties of any character, whether now owned or hereafter acquired, except Permitted
Liens. 
 6.3. Restricted Payments. AGCO shall not, and shall not permit any of its Subsidiaries to,
directly or indirectly declare or make any Restricted Payment if at the time of such Restricted Payment, after giving effect thereto, there shall exist a Default or Event of Default; provided that (a) any Subsidiary of AGCO may make
Restricted Payments to AGCO or any Subsidiary of AGCO and (b) to the extent any Subsidiary of AGCO is treated for tax purposes as a limited liability company, partnership or other “pass-through” entity, such Subsidiary may make
Restricted Payments required by the terms of its governing documents to be made during such period to the owners of Equity Interests in such Subsidiary to pay the tax liability of such Persons as a result of their ownership of Equity Interests in
such Subsidiary for such period. 
 6.4. Fundamental Changes, Etc. AGCO shall not, and shall not permit
any of its Subsidiaries to, merge into or consolidate with any Person, except that (a) AGCO may merge into or consolidate with any other Subsidiary of AGCO or any other Person to consummate an acquisition, so long as (i) no Default then
exists hereunder or would be caused thereby, and (ii) AGCO shall be the surviving Person of such merger or consolidation, and (b) any Subsidiary of AGCO may merge into or consolidate with any other Subsidiary of AGCO or any other Person to
consummate an acquisition, so long as (i) no Default then exists hereunder or would be caused thereby, (ii) except as set forth in clause (iv) below, the Person surviving such merger or consolidation, shall be a Subsidiary of AGCO,
(iii) if a Loan Party is a party to such merger or consolidation and the surviving Person of any such merger or consolidation is not a Loan Party, AGCO shall provide five (5) Business Days prior written notice to the Administrative Agent
and 

  
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the surviving Person shall assume, in a manner reasonably satisfactory to the Administrative Agent, the obligations of such Loan Party under the Loan Documents to which such Loan Party was a
party, provided that, if a Borrower is a party to such merger or consolidation and the surviving Person of any such merger or consolidation is not a Borrower, such surviving Person shall not become a Borrower hereunder except as provided in
Section 2.13, and (iv) if the Person surviving such merger or consolidation is not a Subsidiary of AGCO, such merger or consolidation is permitted by Section 6.5. AGCO shall not liquidate or dissolve itself or otherwise
wind up its business, and AGCO shall not permit any other Borrower to liquidate or dissolve itself or otherwise wind up its business, unless all Loans outstanding to such Borrower have been paid in full. 

6.5. Sales of Assets. AGCO shall not sell, lease, transfer or otherwise dispose of, or permit any of its
Subsidiaries to sell, lease, transfer or otherwise dispose of, any assets, except: 
 (a) sales of Inventory in
the ordinary course of its business; 
 (b) sale or disposition of obsolete, worn-out or surplus equipment in
the ordinary course of business; 
 (c) so long as no Default has occurred and is then continuing, the sale of
fixed assets in connection with Tax Incentive Transactions or New Market Tax Credit Transactions; 
 (d)
transfers of assets among AGCO and its Subsidiaries in compliance with Section 6.6; 
 (e) sales of
Receivables in connection with factoring arrangements in the ordinary course of business; and 
 (f) so long as
no Default has occurred and is then continuing, the sale of any other assets by AGCO or any Subsidiary (i) in an aggregate amount during any Fiscal Year of AGCO not exceeding 10% of the Consolidated Net Tangible Assets of AGCO as of the last
day of such Fiscal Year and (ii) in an aggregate amount during the term of this Agreement not exceeding 20% of the Consolidated Net Tangible Assets of AGCO at any time. 

6.6. Affiliate Transactions. AGCO shall not, and shall not permit any of its Subsidiaries to, sell, lease or
otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, on terms and conditions less favorable to AGCO or such
Subsidiary than those that could be obtained on an arm’s-length basis with a Person that is not such an Affiliate, except (a) transactions to the extent between or among AGCO and its Subsidiaries, (b) Restricted Payments permitted by
Section 6.3, (c) increases in compensation and benefits for officers and employees of AGCO and its Subsidiaries which are customary in the industry or consistent with the past business practice of AGCO, or payment of customary
directors’ fees and indemnities, and (d) transactions entered into in good faith and for legitimate business purposes with any Person that is an Affiliate by reason of the ownership by AGCO or any of its Subsidiaries of Equity Interests of
such Person. 

  
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 6.7. Amendments. AGCO shall not, and shall not permit any Subsidiary
to, (a) without the prior written consent of the Administrative Agent enter into any amendment or waiver of any of the Subordinated Debt Documents, which in any case would materially and adversely affect the rights of the Lenders under this
Agreement or any other Loan Document or make the provisions of any such document after such amendment materially more burdensome on AGCO or its Subsidiaries, or (b) amend, its charter, bylaws or similar constituent documents that would
reasonably be expected to result in a Material Adverse Effect. 
 6.8. Restrictions on Subsidiaries. AGCO
shall not permit any Subsidiary of AGCO to enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or limits (a) the amount of dividends or other distributions with respect to any of its Equity
Interests that may be paid by such Subsidiary to AGCO or another Subsidiary of AGCO, (b) the amount of loans that may be made by such Subsidiary to AGCO or another Subsidiary of AGCO, (c) the amount of payments by such Subsidiary on
Indebtedness owing by such Subsidiary of AGCO to AGCO or another Subsidiary, or (d) the ability of such Subsidiary to transfer any of its properties or assets to AGCO or any other Subsidiary of AGCO, other than (i) restrictions imposed
under an agreement for the sale of all of the Equity Interests in a Subsidiary or for the sale of a substantial part of the assets of such Subsidiary, in either case to the extent permitted hereunder and pending the consummation of such sale,
(ii) restrictions set forth in the 2036 Senior Subordinated Notes Documents and the Senior Debt Documents as of the effective date of such documents and any similar restrictions set forth in documents governing Indebtedness permitted under
Section 6.1, (iii) restrictions imposed by Applicable Law or any of the Loan Documents, (iv) restrictions in any agreement with another Person relating to a joint venture conducted through a Subsidiary of AGCO in which such
Person is a minority stockholder requiring the consent of such Person to the payment of dividends, (v) with respect to restrictions of the type described in clause (d) above, restrictions under agreements governing Indebtedness secured by
a Lien not otherwise prohibited hereunder that limit the right of the debtor to dispose of the assets securing such Indebtedness, (vi) customary provisions contained in leases, licenses and other similar agreements entered into in the ordinary
course of business that impose restrictions of the type described in clause (d) above on the property subject to such lease, (vii) customary anti-assignment provisions contained in agreements entered into in the ordinary course of
business, (viii) customary subordination of subrogation, contribution and similar claims contained in guaranties permitted hereunder, (ix) restrictions on the transfer, lease, or license of any property or asset of any Loan Party in effect
on the Agreement Date that were entered into in the ordinary course of business, and (x) encumbrances or restrictions existing with respect to any Person or the property or assets of such Person acquired by AGCO or any Subsidiary of AGCO,
provided that such encumbrances and restrictions were in existence immediately prior to such acquisition (and not created in contemplation thereof) and are not applicable to any Person or the property or assets of any Person other than such
acquired Person or the property or assets of such acquired Person. 
 6.9. No Notice Under Indentures.
AGCO shall not deliver, or permit there to be delivered, to any trustee under any 2036 Senior Subordinated Notes Documents, any notice that any agreement, instrument or document, other than this Agreement and the Loan Documents, is the
“Bank Credit Agreement” (or similar defined term) thereunder. 

  
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 6.10. Financial Covenants. 

(a) Net Leverage Ratio. AGCO shall not allow, as of the end of each Fiscal Quarter of AGCO, the Net Leverage Ratio
to exceed 3.00 to 1.00. 
 (b) Interest Coverage Ratio. AGCO shall maintain, as of the end of each Fiscal
Quarter of AGCO, an Interest Coverage Ratio of not less than 3.00 to 1.00. 
 6.11. Anti-Terrorism Laws.
None of Borrowers nor any Affiliate of any Borrower or agent of any Borrower shall knowingly: (i) conduct any business or engage in any transaction or dealing with any Blocked Person, including the making or receiving of any contribution of
funds, goods or services to or for the benefit of any Blocked Person; (ii) deal in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to Executive Order No. 13224 or other applicable
Anti-Terrorism Law; (iii) engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate any of the prohibitions set forth in any Anti-Terrorism Law. Borrowers shall
deliver to Administrative Agent and Lenders any certification or other evidence requested from time to time by the Administrative Agent or any Lender, in their sole discretion, confirming Borrowers’ compliance with this
Section 6.11. 
 ARTICLE 7 
 EVENTS OF DEFAULT 
 7.1. Events of Default. Each of
the following shall constitute an Event of Default (an “Event of Default”), whatever the reason for such event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment or
order of any court or any order, rule, or regulation of any governmental or non-governmental body: 
 (a) (i)
any Borrower shall fail to pay (x) any principal or face amount of any Loan on the date when the same becomes due and payable, or (y) any interest or fees due hereunder within three (3) Business Days after the date when the same
becomes due and payable, or (ii) any Loan Party shall fail to make any other payment under any Loan Document, in any case within five (5) Business Days after the date when the same becomes due and payable; or 

(b) any representation or warranty made by any Loan Party under or in connection with any Loan Document or in any report,
certificate, financial statement or other document furnished pursuant to or in connection with this Agreement or any other Loan Document shall prove to have been incorrect in any material respect when made or deemed made; or 

(c) (i) any Borrower shall fail to perform any term, covenant or agreement contained in Sections 5.1(a),
(b), or (c), if such failure shall remain unremedied for ten (10) days after written notice thereof having been given to AGCO; (ii) any Borrower shall fail to perform, observe or comply with any other term, covenant or
agreement contained in Section 5.15 or Article 6; or (iii) any Borrower or any other Loan Party shall fail to perform any other term, covenant or agreement contained in this Agreement or any other Loan Document not
referenced elsewhere in this Section 7.1 if such failure shall remain unremedied for thirty (30) days after written notice thereof having been given to AGCO; or 

  
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 (d) AGCO, any Material Subsidiary or any Borrower shall fail to pay any
principal of, premium or interest on or any other amount payable in respect of any Indebtedness, if such Indebtedness is outstanding in a principal or notional amount of at least U.S. $50,000,000 in the aggregate (but excluding Indebtedness
outstanding hereunder), when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the
agreement or instrument relating to such Indebtedness; or any other event shall occur or condition shall exist under any agreement or instrument relating to any such Indebtedness and shall continue after the applicable grace period, if any,
specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness or otherwise to cause, or to permit the holder thereof to cause, such
Indebtedness to mature; or any such Indebtedness shall be declared to be due and payable or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, or an offer to prepay,
redeem, purchase or defease such Indebtedness shall be required to be made, in each case prior to the stated maturity thereof; or 
 (e) AGCO, any Material Subsidiary or any Borrower shall generally not pay its debts as such debts become due, shall suspend or threaten to suspend making payment whether of principal or interest with
respect to any class of its debts or shall admit in writing its insolvency or its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against AGCO, any
Material Subsidiary or any Borrower seeking, or seeking the administration, to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts
under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, administrator, receiver and manager, trustee, or other similar official for it or
for any substantial part of its property (including, without limitation, any proceeding under the Bankruptcy Code or any similar law in any other jurisdiction) and, in the case of any such proceeding instituted against it (but not instituted by it)
that is being diligently contested by it in good faith, either such proceeding shall remain undismissed or unstayed for a period of sixty (60) days or any of the actions sought in such proceeding (including without limitation the entry of an
order for relief against, or the appointment of a receiver, administrator, receiver and manager, trustee, custodian or other similar official for, it or any substantial part of its property) shall occur; or AGCO, any Material Subsidiary or any
Borrower shall take any action to authorize any of the actions set forth above in this subsection, or an encumbrancer takes possession of, or a trustee or administrator or other receiver or similar officer is appointed in respect of, all or any part
of the business or assets of AGCO, any Material Subsidiary, or any Borrower or distress or any form of execution is levied or enforced upon or sued out against any such assets and is not discharged within seven days of being levied, enforced or sued
out, or any Lien that may for the time being affect any of its assets becomes enforceable, or anything analogous to any of the events specified in this subsection occurs under the laws of any applicable jurisdictions; or 

(f) any judgment or order for the payment of money in excess of U.S. $50,000,000 (other than any such judgment for a
monetary amount insured against by a reputable insurer that shall have admitted liability therefor), individually or in the aggregate, shall be 

  
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rendered against AGCO or any Subsidiary, or a warrant of attachment or execution or similar process shall be issued or levied against property of AGCO or any Subsidiary pursuant to a judgment
which, together with all other such property of AGCO or any Subsidiary subject to other such process, exceeds in value U.S. $50,000,000 in the aggregate, and either (i) enforcement proceedings shall have been commenced by any creditor upon such
judgment, decree or order, or (ii) there is a period of thirty (30) consecutive days following entry of such judgment or order during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, is not
in effect; or 
 (g) any non-monetary judgment or order shall be rendered against AGCO or any Subsidiary that
would reasonably be expected to result in a Material Adverse Effect, and within thirty (30) days after the entry or issue thereof, such judgment or order shall not have been vacated, rescinded or stayed pending appeal or otherwise; or

 (h) any material portion of any Loan Document shall at any time and for any reason be declared to be null and
void, or a proceeding shall be commenced by any Loan Party or any of its respective Affiliates, or by any governmental authority having jurisdiction over any Loan Party or any of its Affiliates, seeking to establish the invalidity or
unenforceability thereof (exclusive of questions of interpretation of any provision thereof), or any material provision of any Loan Document shall for any reason cease to be valid and binding on or enforceable against any Loan Party to it, or any
such Loan Party shall so state in writing; or 
 (i) a Change of Control shall occur; or 

(j) (i) any ERISA Event shall have occurred with respect to a Plan of any Loan Party or any ERISA Affiliate as a result
of an Insufficiency thereunder, and any Loan Party shall fail to make any payment in excess of U.S. $50,000,000 as and when required to be made under ERISA as a result of such Insufficiency, or any such Insufficiency shall have occurred and then
exist that would reasonably be expected to result in a Material Adverse Effect; or (ii) any Loan Party or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan of such Loan Party or any ERISA Affiliate that it has
incurred Withdrawal Liability to such Multiemployer Plan in an amount that, when aggregated with all other amounts required to be paid to Multiemployer Plans by the Loan Parties and their ERISA Affiliates as Withdrawal Liability (determined as of
the date of such notification), exceeds U.S. $50,000,000 or would otherwise reasonably be expected to result in a Material Adverse Effect; or (iii) any Loan Party or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer
Plan that such Multiemployer Plan is in reorganization or is being terminated, within the meaning of Title IV of ERISA, and as a result of such reorganization or termination the aggregate annual contributions of such Loan Party and their ERISA
Affiliates to all Multiemployer Plans that are then in reorganization or being terminated have been or will be increased over the amounts contributed to such Multiemployer Plans for the plan years of such Multiemployer Plans immediately preceding
the plan years in which such reorganization or termination occurs by an amount exceeding U.S. $50,000,000 or which would otherwise reasonably be expected to result in a Material Adverse Effect. 

  
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 7.2. Remedies. If an Event of Default shall have occurred and until
such Event of Default is waived in writing by the Required Lenders, or all of the Lenders as may be required by Section 9.1, the Administrative Agent: 

(a) may, and shall at the request of the Required Lenders, by notice to AGCO, declare the obligation of each Lender to
make Loans and of the Issuing Banks to issue Letters of Credit and the Swing Line Bank to make Swing Line Loans to be terminated, whereupon the same shall forthwith terminate; 

(b) may, and shall at the request of the Required Lenders (i) by notice to AGCO, declare the Loans, all interest
thereon and all other amounts payable under this Agreement and the other Loan Documents to be forthwith due and payable, whereupon the Loans, all such interest and all such amounts shall become and be forthwith due and payable, without presentment,
demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers, and (ii) by notice to each party required under the terms of any agreement in support of which a Letter of Credit is issued, request that
all Obligations under such agreement be declared to be due and payable; provided that in the event of an actual or deemed entry of an order for relief or any assignment, proposal or the giving of notice of intention to make a proposal with respect
to any Borrower under the Bankruptcy Code, (x) the obligation of each Lender to make Revolving Loans and of the Issuing Banks to issue Letters of Credit and of the Swing Line Bank to make Swing Line Loans shall automatically be terminated and
(y) the Loans, all such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrowers; and 

(c) may, and shall at the request of the Required Lenders, exercise all of the post-default rights granted to it and to
them under the Loan Documents or under Applicable Law. The Administrative Agent, for the benefit of itself, the Issuing Banks and the Lenders, shall have the right to the appointment of a receiver for the property of each Borrower, and each Borrower
hereby consents to such rights and such appointment and hereby waives any objection each Borrower may have thereto or the right to have a bond or other security posted by the Administrative Agent, the Issuing Banks or the Lenders in connection
therewith. 
 7.3. Actions in Respect of the Letters of Credit. If any Event of Default shall have
occurred and be continuing, the Administrative Agent may, irrespective of whether it is taking any of the actions described in Section 7.2 or otherwise, make demand upon AGCO to, and forthwith upon such demand AGCO will, pay to the
Administrative Agent on behalf of the Lenders in same-day funds at the Administrative Agent’s office designated in such demand, for deposit in such interest-bearing account as the Administrative Agent shall specify (the “L/C Cash
Collateral Account”), an amount equal to the aggregate Available Amount of all Letters of Credit then outstanding. If at any time the Administrative Agent determines that any funds held in the L/C Cash Collateral Account are subject to
any right or claim of any Person other than the Administrative Agent and the Lenders or that the total amount of such funds is less than the amount required to be on deposit hereunder, AGCO will, forthwith upon demand by the Administrative Agent,
pay to the Administrative Agent, as additional funds to be deposited and held in the L/C Cash Collateral Account, an amount equal to the excess of (i) such amount required to be deposited hereunder over (ii) the total amount of funds, if
any, then held in the L/C 

  
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Cash Collateral Account that the Administrative Agent determines to be free and clear of any such right and claim. The L/C Cash Collateral Account shall be in the name and under the sole dominion
and control of the Administrative Agent. The Administrative Agent shall have no obligation to invest any amounts on deposit in the L/C Cash Collateral Account. AGCO grants to the Administrative Agent, for its benefit and the benefit of the Lenders,
the Administrative Agent and the Issuing Banks, a lien on and security interest in the L/C Cash Collateral Account and all amounts on deposit therein as collateral security for the performance of the Borrowers’ obligations under this Agreement
and the other Loan Documents. The Administrative Agent shall have all rights and remedies available to it under Applicable Law with respect to the L/C Cash Collateral Account and all amounts on deposit therein. 

7.4. Application of Payments. Subsequent to the occurrence and during the continuation of an Event of Default,
payments and prepayments with respect to the Obligations made to the Administrative Agent, the Lenders, the Issuing Banks, the Swing Line Bank or otherwise received by the Administrative Agent, any Lender, any Issuing Bank or the Swing Line Bank
(excluding any funds held in the L/C Cash Collateral Account which shall be applied to, or held to pay, the Available Amount of all Letters of Credit then outstanding as set forth in Section 7.3) shall be distributed in the following
order of priority: first, to the reasonable costs and expenses (including reasonable attorneys’ fees and expenses), if any, incurred by the Administrative Agent, any Lender, any Issuing Bank or the Swing Line Bank in the collection of such
amounts under this Agreement or of the Loan Documents until paid in full; second, to any fees then due and payable to the Administrative Agent under this Agreement or any other Loan Document until paid in full; third, to any fees then due and
payable to the Lenders and the Issuing Banks under this Agreement until paid in full; fourth, to the ratable payment of interest then due in respect of the Loans and the Swing Line Loans until paid in full; fifth, to the ratable payment of principal
of the Loans and the Swing Line Loans and, to the L/C Cash Collateral Account, for any Letters of Credit then outstanding, in each case until paid (or cash collateralized) in full; sixth, to any other Obligations not otherwise referred to in this
Section until paid in full; and seventh, to Borrowers or such other Person entitled thereto under Applicable Law. 
 ARTICLE 8

 THE ADMINISTRATIVE AGENT 
 8.1. Authorization and Action. Each Lender and Issuing Bank hereby irrevocably appoints and authorizes Rabobank to take action on its behalf as the Administrative Agent to exercise such powers and
discretion under this Agreement and the other Loan Documents as are delegated to them respectively by the terms hereof and thereof, together with such powers and discretion as are reasonably incidental thereto. The provisions of this Article
8 are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Banks, and neither AGCO nor any other Loan Party shall have rights as a third-party beneficiary of any of such provisions. It is understood and agreed that the
use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. As to any matters not expressly provided for by the Loan
Documents, the Administrative Agent shall not be required to 

  
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exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of
the Required Lenders, and such instructions shall be binding upon all Lenders and Issuing Banks; provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, exposes it or any of
its Related Parties to liability or that is contrary to the Loan Documents or Applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under the Bankruptcy Code or that may effect a forfeiture,
modification or termination of property of any Impacted Lender in violation of the Bankruptcy Code. Except for action requiring the approval of the Required Lenders, the Administrative Agent shall be entitled to use their discretion with respect to
exercising or refraining from exercising any rights which may be vested in it by, and with respect to taking or refraining from taking any action or actions which it may be able to take under or in respect of, any Loan Document, unless the
Administrative Agent shall have been instructed by the Required Lenders to exercise or refrain from exercising such rights or to take or refrain from taking such action. The Administrative Agent shall not incur any liability under or in respect of
any Loan Document with respect to anything which it may do or refrain from doing in the reasonable exercise of its judgment or which may seem to it to be necessary or desirable in the circumstances, except for its gross negligence or willful
misconduct as determined by a court of competent jurisdiction in a final and non-appealable judgment. 
 8.2.
Administrative Agent’s Reliance, Etc. Neither Administrative Agent nor any of its Related Parties shall be liable for any action taken or omitted to be taken by it or them under or in connection with the Loan Documents, except for its or
their own gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final and non-appealable judgment. Without limitation of the generality of the foregoing, the Administrative Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (b) shall not, except as expressly set forth herein and in the other Loan Documents, have any
duty to disclose, and shall not be liable for the failure to disclose, any information relating to AGCO or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any
capacity. 
 (c) may consult with legal counsel (including counsel for any Loan Party), independent public
accountants and other experts selected by it, and may rely on any opinion of counsel delivered under this Agreement, and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such
counsel, accountants or experts or any such opinion; 
 (d) makes no warranty or representation to any Lender or
Issuing Bank and shall not be responsible to any Lender or Issuing Bank for any statements, warranties or representations made in or in connection with the Loan Documents by any other Person; 

(e) shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered 

  
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hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or
therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition
set forth in Article 3 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent; 
 (f) shall not be responsible to any Lender or Issuing Bank for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of any Loan Document or any other instrument or
document furnished pursuant hereto (other than its own execution and delivery thereof) or the creation, attachment perfection or priority of any Lien purported to be created under or contemplated by any Loan Document; 

(g) shall incur no liability under or in respect of any Loan Document by acting upon any notice, consent, certificate or
other instrument or writing (which may be by telegram, telecopy, cable or telex) believed by it to be genuine and signed or sent by the proper party or parties; 

(h) shall have no liability or responsibility to any Loan Party for any failure on the part of any Lender or Issuing Bank
to comply with any obligation to be performed by such Lender or Issuing Bank under this Agreement; 
 (i) shall
not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default under this Agreement unless they have received notice from a Lender, Issuing Bank or Loan Party referring to this Agreement, describing such Default or
Event of Default and stating that such notice is a “Notice of Default”; 
 (j) shall
incur no liability as a result of any determination whether the transactions contemplated by the Loan Documents constitute a “highly leveraged transaction” within the meaning of the interpretations issued by the Comptroller of the
Currency, the Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System; 

(k) may act directly or through agents or attorneys on its behalf but shall not be responsible to any Lender or Issuing
Bank for the negligence or misconduct of any agents or attorneys except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful
misconduct in the selection of such agents or attorneys; 
 (l) shall be entitled to rely upon, and shall not
incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any Platform, electronic message, internet or intranet website posting or other distribution) believed by it
to be genuine and to have been signed, sent or otherwise authenticated by the proper Person; 
 (m) may rely
upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon; and 

  
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 (n) in determining compliance with any condition hereunder to the making of
a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such
Lender or Issuing Bank unless the Administrative Agent shall have received notice to the contrary from such Lender or Issuing Bank prior to the making of such Loan or the issuance of such Letter of Credit. 

The exculpatory provisions of this Article 8 shall apply to any agent of the Administrative Agent and any Related Parties of the
Administrative Agent and any such sub agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided hereunder as well as activities as Administrative Agent. 

8.3. Administrative Agent, in its Individual Capacity and Affiliates. With respect to its respective Commitments
and the Loans made by Rabobank, Rabobank shall have the same rights and powers under the Loan Documents as any other Lender and may exercise the same as though it were not the Administrative Agent; and the term “Lender” or
“Lenders” shall, unless otherwise expressly indicated, include Rabobank in its individual capacity. Rabobank and its respective Affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept
investment banking engagements from and generally engage in any kind of business with, any Loan Party, any of its Subsidiaries and any Person who may do business with or own securities of any Loan Party or any such Subsidiary, all as if Rabobank was
not the Administrative Agent and without any duty to account therefor to the Lenders. 
 8.4. Lender Credit
Decision. Each Lender and Issuing Bank acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or their respective Related Parties and based on the financial statements referred to in
Section 3.1 and such other documents and information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Lender and Issuing Bank also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under
this Agreement, any other Loan Document or any related agreement or document furnished hereunder or thereunder. 

8.5. Notice of Default or Event of Default. In the event that the Administrative Agent or any Lender shall acquire
actual knowledge, or shall have been notified in writing, of any Default or Event of Default, the Administrative Agent or such Lender shall promptly notify the other Lenders, and the Administrative Agent shall take such action and assert such rights
under this Agreement as the Required Lenders shall request in writing, and the Administrative Agent shall not be subject to any liability by reason of its acting (a) pursuant to any such request or (b) in the absence of its own gross
negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable judgment. If the Required Lenders shall fail to request the Administrative Agent to take action or to assert rights under this Agreement
in respect of any Event of Default within ten days after their receipt of the notice of any Event of Default, or shall request inconsistent action with respect to such Event of Default, the Administrative Agent may, but shall not be required to,
take such action and assert such rights (other than rights under Article 7) as it deems in its discretion to be advisable for the protection 

  
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of the Lenders and Issuing Banks, except that, if the Required Lenders have instructed the Administrative Agent not to take such action or assert such right, in no event shall the Administrative
Agent act contrary to such instructions. 
 8.6. Indemnification. Each Lender severally agrees to
indemnify the Administrative Agent (to the extent not promptly reimbursed by the Borrowers) from and against such Lender’s ratable share of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements (including without limitation fees and expenses of legal counsel, experts, agents and consultants) of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Administrative Agent in any
way relating to or arising out of the Loan Documents or any action taken or omitted by the Administrative Agent under the Loan Documents; provided that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the Administrative Agent’s gross negligence or willful misconduct as
determined by a court of competent jurisdiction in a final and non-appealable judgment. Without limitation of the foregoing, each Lender agrees to reimburse the Administrative Agent promptly upon demand for its ratable share of any costs and
expenses payable by any Borrower under Section 9.4, to the extent that the Administrative Agent is not promptly reimbursed for such costs and expenses by the Borrowers. For purposes of this Section, the Lenders’ respective ratable
shares of any amount shall be determined, at any time, according to the sum of: 
 (a) the aggregate principal
amount of the Loans outstanding at such time and owing to the respective Lenders; 
 (b) their respective Pro
Rata Shares of the aggregate Available Amount of all Letters of Credit outstanding at such time; and 
 (c)
their respective Unused Revolving Loan Commitments at such time. 
 8.7. Successor Administrative Agent.
The Administrative Agent may resign at any time by giving written notice thereof to the Lenders and the Borrowers. Upon any such resignation, the Required Lenders shall have the right to appoint a successor Administrative Agent. If no successor
Administrative Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within thirty (30) days after the retiring Administrative Agent’s giving of notice of resignation, then the retiring
Administrative Agent may, on behalf of the Lenders and Issuing Banks, appoint a successor Administrative Agent, which shall be any Lender or a commercial bank or other financial institution and having a combined capital and reserves in excess of
U.S. $500,000,000. The resignation of such retiring Administrative Agent shall be effective only upon (i) the acceptance of any appointment as an Administrative Agent hereunder by a successor Administrative Agent, and (ii) the execution of
all documents and taking of all other actions reasonably necessary in the opinion of the successor Administrative Agent, in connection with such substitution. Upon such effectiveness pursuant to the foregoing clauses (i) and (ii), such
successor Administrative Agent shall succeed to and become vested with all the rights, powers, discretion, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and
obligations under the Loan Documents. After any retiring Administrative Agent’s 

  
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resignation hereunder as an Administrative Agent, the provisions of this Article 8 and Section 9.4 shall continue in effect for the benefit of such retiring Administrative
Agent, its agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

8.8. Administrative Agent May File Proofs of Claim. The Administrative Agent may file such proofs of claim and
other papers or documents as may be necessary or advisable in order to have the claims of the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent, its agents,
financial advisors and counsel), the Issuing Banks and the Lenders allowed in any judicial proceedings relative to any Loan Party, or any of their respective creditors or property, and shall be entitled and empowered to collect, receive and
distribute any monies, securities or other property payable or deliverable on any such claims and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding in any such judicial
proceedings is hereby authorized by each Lender and Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders or Issuing Banks,
to pay to the Administrative Agent any amount due to the Administrative Agent for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent, its agents, financial advisors and counsel, and any other amounts due
the Administrative Agent. 
 8.9. Release of Guaranties Each of the Lenders and Issuing Banks irrevocably
authorize the Administrative Agent, at its option and in its discretion, to release any Loan Party (other than AGCO) from its obligations under any Guaranty Agreement if such Person ceases to be a Subsidiary as a result of a transaction permitted
under the Loan Documents. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under its Guaranty Agreement
pursuant to this Section. 
 8.10. Other Agent Titles. Notwithstanding any other provision of this
Agreement, each of the financial institutions named as “Syndication Agent”, “Joint Bookrunner”, “Joint Lead Arranger”, and “Co-Documentation Agent” on the cover page of this Agreement is named as such for
recognition purposes only, and in its capacity as such shall have no powers, duties, responsibilities or liabilities with respect to this Agreement or the transactions contemplated hereby; it being understood and agreed that each such financial
institution in its stated capacity shall be entitled to all indemnification rights in favor of the Administrative Agent as, and to the extent, provided in Sections 8.6 and 9.4(c). 

  
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 ARTICLE 9 
 MISCELLANEOUS 
 9.1. Amendments, Etc. No amendment
or waiver of any provision of this Agreement or any other Loan Document, nor consent to any departure by any Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders (or the
Administrative Agent at the direction, or with the consent, of the Required Lenders), and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided that: 

(a) no amendment, waiver or consent shall, unless in writing and signed by the Lender affected thereby, reduce the
principal of, or the rate of interest specified herein (excluding a waiver of interest accruing at the Default Rate) on any Loan owed to such Lender or the rate of fees payable for the account of such Lender hereunder, or postpone any scheduled date
for any payment of principal, interest or fees due to any Lender; 
 (b) no amendment, waiver or consent shall,
unless in writing and signed by the Lender affected thereby and acknowledged by the Administrative Agent, increase (i) the amount of the Commitments of such Lender, or (ii) such Lender’s Pro Rata Share for its applicable Class of
Loans (except as set forth in Section 2.11(e)(iv)); 
 (c) no amendment, waiver or consent shall,
unless in writing and signed by all of the Lenders and acknowledged by Administrative Agent, do any of the following at any time: 
 (i) waive any of the conditions specified in Section 3.2; 
 (ii) change any of the provisions of this Section 9.1 or the definition of the term “Required Lenders” or any other provision hereof specifying the number or percentage
of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender; or 

(iii) release AGCO from any of its obligations under a Loan Document or release all of substantially all of the
Guarantors from their obligations under the Loan Documents; 
 (d) no amendment, waiver or consent shall, unless
in writing and signed by the Swing Line Bank in addition to the Lenders required above to take such action, affect the rights or obligations of the Swing Line Bank in such capacity under this Agreement; 

(e) no amendment, waiver or consent shall, unless in writing and signed by such Issuing Bank in addition to the Lenders
required above to take such action, affect the rights or obligations of an Issuing Bank under this Agreement; and 
 (f) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent, in addition to the Lenders required above to take such action, affect the rights or duties of the
Administrative Agent under this Agreement. 
 9.2. Notices, Etc. 

(a) All notices and other communications provided for hereunder (“Communications”) shall be in
writing (including telecopy communication) and mailed, telecopied or delivered, 
 (i) if to AGCO or any
Borrowing Subsidiary to AGCO at its address at 4205 River Green Parkway, Duluth, Georgia 30096-2568, Attention: General Counsel, Facsimile No. (770) 813-6158, with a copy to the Chief Financial Officer at the same address and telecopier
number; 

  
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 (ii) if to any Lender, at its address for notices set forth in its
Administrative Questionnaire; 
 (iii) if to Administrative Agent in connection with any Notice of Borrowing,
interest election request, or any payment or prepayment of the Obligations, or if to the Swing Line Bank, to it at c/o Rabo Support Services, Inc., 10 Exchange Place, 16th Floor, Jersey City, NJ 07302, Attention: Sui Price (Telephone:
201-499-5313/5319; Telecopy No.: 201-499-5328/5326); (Email: sui.price@rabobank.com with a copy to fm.am.SyndicatedLoans@rabobank.com); 
 (iv) if to Rabobank as an Issuing Bank, to it at c/o Rabo Support Services, Inc., 10 Exchange Place, Jersey City, NJ 07302, Attention of Letter of Credit Department (Telecopy No (201) 499-5479;
Telephone No. (201) 499-5434; Bibi Mohamed, Email: bibi.mohamed@rabobank.com; Eduardo Laudano Telephone No.: (201) 499-5234); Email: eduardo.laudano@rabobank.com; 

(v) if to Administrative Agent in connection with any other matter (including Notices of Incremental Term Loan
Borrowing), to it at 245 Park Avenue, New York, NY 10167, Attention: Loan Syndications (Telecopy No. (212) 808-2578; Telephone No. (212) 808-6808; Email: syndications.ny@rabobank.com; and 

(vi) if to the Swing Line Bank or any Issuing Bank other than Rabobank, at such address for notices as it may designate
to the Administrative Agent from time to time. 
 Notices sent by hand or overnight courier service, or mailed by certified or
registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given
at the opening of business on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in such paragraph (b).

 (b) Electronic Communications. Communications to the Lenders under the Loan Documents may be delivered
or furnished by electronic communications pursuant to procedures approved by Administrative Agent. Administrative Agent, AGCO or any other Borrower may, in its discretion, agree to accept Communications to it under the Loan Documents by electronic
communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular Communications. Unless Administrative Agent otherwise prescribes, (i) Communications sent to an e-mail address shall be
deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment), provided that if such
Communication is not sent during the normal business hours of the recipient, such Communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) Communications posted on an
internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such Communication is available and identifying the
website address thereof. 

  
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 (c) Change of Address for Notices. Any party hereto may change its
address or telecopy number for Communications under the Loan Documents by notice to the other parties hereto (or, in the case of any such change by a Lender or an Issuing Bank, by notice to AGCO and Administrative Agent). All Communications given to
any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 
 (d) Electronic Transmission System. The Borrowers and the Lenders agree that Administrative Agent may make the Communications available to the Lenders and Borrowers by posting the Communications on
Intralinks, Inc., SyndTrak or a substantially similar electronic transmission system or digital workspace provider (the “Platform”). THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. THE AGENT PARTIES
(AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR
STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE
PLATFORM. IN NO EVENT SHALL ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR INDEMNIFIED PARTIES (COLLECTIVELY, THE “AGENT PARTIES”) HAVE ANY LIABILITY TO ANY BORROWER, ANY LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF
ANY KIND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY BORROWER’S OR ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH
THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY AGENT PARTY IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT; PROVIDED,
HOWEVER, THAT IN NO EVENT SHALL ANY AGENT PARTY HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER, ANY ISSUING BANK OR ANY OTHER PERSON FOR INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES (AS OPPOSED TO DIRECT OR ACTUAL DAMAGES).

 (e) Communications through the Platform. Each Lender agrees that notice to it (as provided in the next
sentence) specifying that the Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes hereof. Each Lender agrees (i) to provide to Administrative Agent in writing
(including by electronic communication), promptly after the date of this Agreement, an e-mail address to which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice may be sent to such e-mail address.

 (f) Reliance on Notices. Administrative Agent, the Issuing Banks and the Lenders shall be entitled to
rely and act upon any notices (including telephonic notices of a Borrowing) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed
by any 

  
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other form of notice specified herein, or (ii) the terms thereof, as reasonably understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify
Administrative Agent, each Issuing Bank, each Lender and the Indemnified Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of
Borrower. All telephonic notices to and other telephonic communications with Administrative Agent may be recorded by Administrative Agent, and each of the parties hereto hereby consents to such recording. 

9.3. No Waiver. No failure on the part of any Lender or the Administrative Agent to exercise, and no delay in
exercising, any right hereunder or under any Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies
herein provided are cumulative and not exclusive of any remedies provided by law. 
 9.4. Costs and
Expenses. 
 (a) AGCO agrees to pay on demand all costs and expenses of the Administrative Agent in
connection with the preparation, execution, delivery, administration, modification and amendment of the Loan Documents at any time (including without limitation (i) all reasonable due diligence, syndication, transportation, computer,
duplication, Platform, appraisal, audit, insurance and consultant out-of-pocket fees and expenses and (ii) the reasonable fees and expenses of counsel (including without limitation New York, local and foreign counsel) for the Administrative
Agent with respect thereto, with respect to advising the Administrative Agent as to its respective rights and responsibilities, or the protection or preservation of rights or interests, under the Loan Documents, with respect to negotiations with any
Loan Party or with other creditors of any Loan Party or any of its Subsidiaries arising out of any Default or any events or circumstances that may give rise to a Default and with respect to presenting claims in or otherwise participating in or
monitoring any bankruptcy, insolvency or other similar proceeding involving creditors’ rights generally and any proceeding ancillary thereto). 
 (b) Following the occurrence of an Event of Default and during the continuation thereof, AGCO further agrees to pay on demand all costs and expenses of the Administrative Agent, each Issuing Bank and each
Lender in connection with the enforcement of the Loan Documents against any Loan Party, whether in any action, suit or litigation, any workout, bankruptcy, insolvency or other similar proceeding affecting creditors’ rights generally or
otherwise (including without limitation the reasonable fees and expenses of counsel for the Administrative Agent and each Lender with respect thereto), and each Borrowing Subsidiary severally agrees to pay on demand all such costs and expenses in
respect of any such enforcement relating to itself. 
 (c) AGCO agrees to indemnify and hold harmless the
Administrative Agent, each Issuing Bank and each Lender and each of their Affiliates and their officers, directors, trustees, employees, agents and advisors (each, an “Indemnified Party”) from and against any and all claims,
damages, losses, liabilities and expenses (including without limitation reasonable fees and expenses of counsel) that may be incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or by
reason of, or in connection with the preparation for a defense of, any investigation, litigation or proceeding arising out of, related to or in connection with: 

(i) any acquisition or proposed acquisition; 

  
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 (ii) the actual or alleged presence of Hazardous Materials on any property
of any Loan Party or any of its Subsidiaries or any Environmental Action relating in any way to any Loan Party or any of its Subsidiaries; or 
 (iii) any financing hereunder; 
 in each case whether or not such
investigation, litigation or proceeding is brought by any Loan Party, its directors, shareholders or creditors or an Indemnified Party or any Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are
consummated, except to the extent such claim, damage, loss, liability or expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful
misconduct. The Borrowers agree not to assert any claim against the Administrative Agent, any Issuing Bank, any Lender, any of their Affiliates, or any of their respective Related Parties, on any theory of liability, for special, indirect,
consequential or punitive damages arising out of or otherwise relating to any of the transactions contemplated herein or in any other Loan Document or the actual or proposed use of the proceeds of the Loans. The agreements and obligations of AGCO
contained in this Section 9.4(c) shall survive the payment in full of the Obligations and termination of this Agreement 
 (d) If any Loan Party fails to pay when due any costs, expenses or other amounts payable by it under any Loan Document, including without limitation fees and expenses of counsel and indemnities, such
amount may be paid on behalf of such Loan Party by the Administrative Agent or any Lender, in its sole discretion. 
 9.5. Right of Set-off. 
 Upon (a) the occurrence and
during the continuance of any Event of Default and (b) the making of the request or the granting of the consent specified by Section 7.2 to authorize the Administrative Agent to declare the Loans, all interest thereon and all other
amounts payable under this Agreement and the other Loan Documents due and payable pursuant to the provisions of Section 7.2, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest
extent permitted by law and subject to Section 2.9, to offset and otherwise apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or
such Affiliate to or for the credit or the account of a Borrower against any and all of the Obligations of such Borrower now or hereafter existing under this Agreement, irrespective of whether such Lender shall have made any demand under this
Agreement and although such obligations may be unmatured. Each Lender agrees promptly to notify such Borrower after any such set-off and application; provided that the failure to give such notice shall not affect the validity of such set-off and
application. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including without limitation other rights of set-off) that such Lender and its Affiliates may have; provided that in
the event that any Defaulting Lender 

  
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shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 2.11 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Banks, and the Lenders, and (y) the
Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. 

9.6. Assignments and Participations. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby, except that the Borrowers may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, and no
Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraphs (a) through (g) and (j) of this Section, (ii) by way of
participation in accordance with the provisions of paragraphs (h) through (j) and (l) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (k) of this
Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby, Participants to the extent provided in paragraphs (h) through (j) and (l) of this Section and, to the extent expressly contemplated hereby, the Indemnified Parties of each of the Administrative
Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Each Lender and Issuing Bank may assign to one or more banks or other entities all or a portion of its rights and
obligations under this Agreement (including without limitation all or a portion of its Commitments, and the Loans owing to it), and each Issuing Bank may assign its Letter of Credit Commitment; provided that: 

(i) any such assignment by an Issuing Bank of its Letter of Credit Commitment shall be of its entire Letter of Credit
Commitment; 
 (ii) in the case of each such assignment of a Commitment (except in the case of an assignment to
a Person that, immediately prior to such assignment, was a Lender or an assignment of all of a Lender’s rights and obligations under this Agreement), (A) the amount of the Commitment of the assigning Lender being assigned pursuant to such
assignment (determined as of the date of the Assignment and Assumption with respect to such assignment) shall in no event be less than U.S. $5,000,000 and shall be an integral multiple of U.S. $500,000 in excess thereof, and (B) the assignor
shall simultaneously assign to the assignee a ratable share of (1) all participations in Letters of Credit issued for the account of Borrowers or their Subsidiaries and then outstanding, and (2) all Letter of Credit Advances then owing to
such Lender as a result of draws on Letters of Credit issued for the account of Borrowers or their Subsidiaries; 
 (iii) such assignment shall be to an Eligible Assignee; 

  
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 (iv) the proposed assignment (if other than an assignment by a Lender to an
Affiliate or Approved Fund of such Lender) shall be approved by (x) the Administrative Agent, and (y) if no Default then exists, AGCO; the foregoing approvals in each case not to be unreasonably withheld or delayed; provided that
AGCO shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five Business Days after having received notice thereof; provided, further, that
AGCO’s consent shall not be required during the primary syndication of the facilities hereunder; and 

(v) the parties to each such assignment shall execute and deliver to the Administrative Agent for its own account, for
its acceptance and recording in the Register, an Assignment and Assumption, together with a processing and recordation fee of U.S. $3,500, payable by the assignee to the Administrative Agent (with only one such fee payable in connection with
contemporaneous assignments pursuant to the same Assignment and Assumption to or by two or more Approved Funds of a single Lender), and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

 (c) In connection with any assignment of rights and obligations of any Impacted Lender hereunder, no such
assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon
distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of AGCO and the Administrative Agent, the
applicable Pro Rata Share of Loans previously requested but not funded by the Impacted Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed
by such Impacted Lender to the Administrative Agent, each Issuing Bank, the Swing Line Bank and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full Pro Rata Share of all Loans and
participations in Letters of Credit and Swing Line Loans in accordance with its Pro Rata Share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Impacted Lender hereunder shall become effective under
Applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be an Impacted Lender for all purposes of this Agreement until such compliance occurs. 

(d) Upon such execution, delivery, acceptance and recording, from and after the effective date specified in such
Assignment and Assumption: 
 (i) the assignee thereunder shall be a party hereto and, to the extent that
rights and obligations hereunder or under any other Loan Document have been assigned to it pursuant to such Assignment and Assumption, shall have the rights and obligations of a Lender hereunder; and 

(ii) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it
pursuant to such Assignment and Assumption, relinquish its rights and be released from its obligations under this Agreement and under each other Loan Document (and, in the case of an Assignment and Assumption covering all or the remaining portion of
an assigning Lender’s rights and obligations under this Agreement, such 

  
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Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 9.4 and 10.1 with respect to facts and circumstances occurring prior to the
effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by an Impacted Lender will constitute a waiver or release of any claim of any party hereunder arising
from that Lender’s having been an Impacted Lender. 
 (e) By executing and delivering an Assignment and
Assumption, the Lender assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: 
 (i) other than as provided in such Assignment and Assumption, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or
representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; 

(ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the
financial condition of any Borrower or the performance or observance by any Borrower of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; 

(iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the financial
statements referred to in Section 3.1 and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Assumption; 

(iv) such assignee will, independently and without reliance upon the Administrative Agent, such assigning Lender or any
other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; 

(v) such assignee confirms that it is an Eligible Assignee or an Affiliate of the assignor; 

(vi) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to
exercise such powers and discretion under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto; 

(vii) such assignee agrees that it will perform in accordance with their terms all of the obligations that by the terms
of this Agreement are required to be performed by it as a Lender; and 
 (viii) that the benefit of the
security interests and guarantees attached to the rights being assigned shall be transferred to the benefit of the assignee upon the completion of such assignment. 

  
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 (f) The Administrative Agent shall maintain at its address referred to in
Section 9.2 a copy of each Assignment and Assumption delivered to and accepted by it and a register for the recordation of the names and addresses of the Issuing Banks and the Lenders and their respective Commitments, the Letter of
Credit Commitments of each Issuing Bank, and the principal amount of the Loans owing under each Class of Loans to each Lender from time to time (the “Register”). The entries in the Register shall be conclusive and binding for
all purposes, absent manifest error, and the Borrowers, the Administrative Agent, the Issuing Banks and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register
shall be available for inspection by any Borrower, Issuing Bank or Lender at any reasonable time and from time to time upon reasonable prior notice. 
 (g) Upon its receipt of an Assignment and Assumption executed by an assigning Lender and an assignee, the Administrative Agent shall, if such Assignment and Assumption has been completed and is in
substantially the form of Exhibit A hereto: 
 (i) record the information contained therein in the
Register; and 
 (ii) give prompt notice thereof to the Borrowers. 

(h) Each Lender may sell participations (without any notice to, or consent of, the Administrative Agent or any Borrower)
in or to all or a portion of its rights and obligations under this Agreement (including without limitation all or a portion of its Commitments and the Loans owing to it) to a financial institution (a “Participant”); provided
that; 
 (i) such Lender’s obligations under this Agreement (including without limitation its Commitments)
shall remain unchanged; 
 (ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations; 
 (iii) the Borrowers, the Administrative Agent and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 
 For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 8.6 with respect to any payments made by such Lender to its Participant(s). 

(i) Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, modification or waiver requiring unanimous consent of the Lenders affected thereby that affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of
Sections 10.1, 10.2 and 10.4 (subject to the requirements and limitations therein, including the requirements under Section 10.4 (it being understood that the documentation required under Section 10.4
shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by 

  
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assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Section 10.5 as if it were an assignee
under paragraphs (a) through (c) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 10.1 and 10.4, with respect to any participation, than its participating Lender would have
been entitled to receive had the participation not occurred. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of
Section 10.5 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.5 as though it were a Lender; provided that such Participant agrees to
be subject to Section 2.9 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each
Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall
have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other
obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the
United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for
all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

 (j) Any Lender may, in connection with any assignment or participation or proposed assignment or
participation pursuant to this Section 9.6, disclose to the assignee or Participant or proposed assignee or Participant, any public information relating to any Borrower furnished to such Lender by or on behalf of such Borrower and any
information conspicuously labeled by a Borrower as being confidential at the time such information is furnished to such Lender if such assignee or Participant or proposed assignee or Participant has agreed to keep such information confidential.

 (k) Notwithstanding any other provision set forth in this Agreement, any Lender may at any time create a
security interest in all or any portion of its rights under this Agreement (including without limitation the Loans owing to it) in favor of any Federal Reserve Bank in accordance with Regulation A of the Board of Governors of the Federal Reserve
System and any Lender that is a fund may pledge all or any portion of its rights under this Agreement (including without limitation the Loans owing to it) to its trustee in support of its obligations to its trustee. 

(l) Notwithstanding anything in this Section 9.6 to the contrary, any Farm Credit Bank that (i) has
purchased a participation or sub-participation in the minimum amount of $5,000,000 on or after the Agreement Date, (ii) is, by written notice to AGCO and the Administrative Agent (“Voting Participant Notification”),
designated by the selling Lender as being entitled to be accorded the rights of a voting participant hereunder, and (iii) receives the prior written consent of the Administrative Agent, in its sole discretion, to become a Voting

  
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Participant (any Farm Credit Bank so designated and consented to being called a “Voting Participant”), shall be entitled to vote for so long as such Farm Credit Bank owns
such participation and notwithstanding any subparticipation by such Farm Credit Bank (and the voting rights of the selling Lender shall be correspondingly reduced), on a dollar for dollar basis, as if such participant or subparticipant were a
Lender, on any matter requiring or allowing a Lender to provide or withhold its consent, or to otherwise vote on any proposed action. To be effective, each Voting Participant Notification shall, with respect to any Voting Participant, (x) state
the full name, as well as all contact information required of an assignee in any Assignment and Assumption and (y) state the dollar amount of the participation purchased in each Class of Loans. The selling Lender and the Voting Participant
shall notify the Administrative Agent and AGCO within 3 Business Days’ of any termination of, or reduction or increase in the amount of, such participation. AGCO and the Administrative Agent shall be entitled to conclusively rely on information
contained in notices delivered pursuant to this paragraph. The voting rights hereunder are solely for the benefit of the Voting Participant and shall not inure to any assignee or participant of the Voting Participant. Notwithstanding the foregoing,
each Farm Credit Bank designated as a Voting Participant in Schedule 9.6 hereto shall be a Voting Participant without delivery of a Voting Participant Notification (and the voting rights of the selling Lender identified on such Schedule shall
be correspondingly reduced, respectively) and without the prior written consent of the Administrative Agent, in each case in connection with their respective participation interests set forth on such Schedule as of the Agreement Date. 

9.7. Marshalling; Payments Set Aside. Neither the Administrative Agent, any Lender nor any Issuing Bank shall be
under any obligation to marshal any assets in favor of the Borrowers or any other party or against or in payment of any or all of the Obligations. To the extent that a Borrower makes a payment or payments to the Administrative Agent, the Lenders or
the Issuing Banks or any of such Persons exercise their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set
aside or required to be repaid to a trustee, receiver or any other party, then to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, right and remedies therefor, shall be revived and
continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. 
 9.8. Patriot Act. Each Lender hereby notifies each Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), it is
required to obtain, verify and record information that identifies each Borrower and the other Loan Parties, which information includes the name and address of each Borrower and the other Loan Parties and other information that will allow such Lender
to identify each Borrower and the other Loan Parties in accordance with the USA Patriot Act. 

  
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 ARTICLE 10 
 INCREASED COSTS, TAXES, ETC. 
 10.1. Increased Costs,
Alternate Rate of Interest, Illegality, Etc. 
 (a) Increased Costs. If any Change in Law shall:

 (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except (1) any reserve requirement reflected in the LIBO Rate and (2) the requirements of the Bank of England
or the European Central Bank reflected in the Mandatory Cost Formulae pursuant to Section 10.1(b)(ii) below) or any Issuing Bank; 
 (ii) subject any Recipient to any tax of any kind (other than Indemnified Taxes and Excluded Taxes) on its Loans, loan principal, Letter of Credit, Commitments, or other obligations, or its deposits,
reserves, other liabilities or capital attributable thereto; or 
 (iii) impose on any Lender or any Issuing
Bank or the London interbank market any other condition, cost or expense (other than taxes) affecting this Agreement or Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender or other Recipient of making, converting to,
continuing or maintaining any LIBO Rate Loans or of maintaining its obligation to make any such Loan, or participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of
Credit), in any case to or for the account of any Borrower, or to reduce the amount of any sum received or receivable by such Lender or other Recipient hereunder (whether of principal, interest or any other amount), then, upon request of such Lender
or other Recipient, such Borrower will pay to the Administrative Agent for the account of such Lender or other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender or other Recipient, as the case may be,
for such additional costs incurred or reduction suffered. 
 (b) Capital Requirements. 

(i) If any Lender or Issuing Bank determines that any Change in Law affecting such Lender or Issuing Bank or any lending
office of such Lender or such Lender’s or Issuing Bank’s holding company, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital
or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swing Line Loans held by, such
Lender, or the Letters of Credit issued by any Issuing Bank, in any case to or for the account of any Borrower, to a level below that which such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company could have achieved
but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with respect to capital adequacy), then from time to time such
Borrower will pay to the Administrative Agent for the account of such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding
company for any such reduction suffered. 
 (ii) For so long as any Lender is required to make special deposits
with the Bank of England or comply with reserve assets, liquidity, cash margin or other requirements 

  
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of the Bank of England, the European Central Bank or the European System of Central Banks (or other similar authority), to maintain reserve asset ratios or to pay fees, in each case in respect of
such Lender’s LIBO Rate Loans funded from its Applicable Lending Office in the United Kingdom or a Participating Member State (but excluding requirements reflected in the Statutory Reserve Rate if then included in calculating the LIBO Rate),
such Lender shall be entitled to require the applicable Borrower to pay, contemporaneously with each payment of interest on each of such Loans, additional interest on such Loan at a rate per annum calculated in accordance with the Mandatory Cost
Formulae. 
 (c) Certificate for Reimbursement. A certificate of a Lender or Issuing Bank setting forth
the amount of additional interest or the amounts necessary to compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section and delivered to AGCO, shall be
conclusive absent manifest error. The Borrowers shall pay the Administrative Agent for the account of such Lender or Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt of AGCO thereof.

 (d) Delay in Requests. Failure or delay on the part of any Lender or Issuing Bank to demand
compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that no Borrower shall be required to compensate a Lender or Issuing Bank pursuant to
paragraphs (a) or (b) of this Section for any increased costs incurred or reductions suffered more than 180 days prior to the date that such Lender or Issuing Bank, as the case may be, notifies such Borrower of the Change in Law giving
rise to such increased costs or reductions, and of such Lender’s or Issuing Bank’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the
180-day period referred to above shall be extended to include the period of retroactive effect thereof). 
 (e)
Inability to Determine Rate. 
 If, with respect to any LIBO Rate Loans in U.S. Dollars or any Offshore
Currency, (1) Lenders owed more than fifty percent (50%) of the then outstanding aggregate unpaid principal amount such Loans in such currency notify the Administrative Agent that the LIBO Rate for any Interest Period for such Loans in
such currency will not adequately reflect the cost to such Lenders of making, funding or maintaining their LIBO Rate Loans in such currency for such Interest Period, or (2) the Administrative Agent determines (which determination shall be
conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBO Rate for Loan in such currency the Administrative Agent shall forthwith so notify the affected Borrower and the Lenders, whereupon:

 (i) the obligation of the Lenders to make, continue or convert any Loans into, such LIBO Rate Loans in the
affected currency shall be suspended; 
 (ii) if an Offshore Currency is the affected currency, the affected
Borrower shall, on the last day of the then existing Interest Period, prepay in full such LIBO Rate Loans in the affected currency (provided, that if the affected Borrower shall fail to prepay such LIBO Rate Loans in the affected currency as
required under this clause (ii), on and after the date 

  
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such prepayment is due, the interest for the LIBO Rate Loans in the affected currency shall be calculated, including for purposes of any interest required under Section 2.5(c), based
on the Base Rate); and 
 (iii) if U.S. Dollars are the affected currency, each such LIBO Rate Loan denominated
in U.S. Dollars will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Loan, 
 until the Administrative Agent shall notify the affected Borrowers that such Lenders have determined that the circumstances causing such suspension no longer exist. 

(f) Illegality. Notwithstanding any other provision of this Agreement, if the introduction of or any change in or
in the interpretation of any law or regulation shall make it unlawful, or any central bank or other governmental authority shall assert that it is unlawful, for any Lender or its LIBOR Lending Office to perform its obligations hereunder to make LIBO
Rate Loans in U.S. Dollars or any Offshore Currency or to continue to fund or maintain such LIBO Rate Loans hereunder, then, on notice thereof and demand therefor by such Lender to the Borrowers through the Administrative Agent: 

(i) the obligation of such Lender to make, continue or convert any Loans into, LIBO Rate Loans in the affected currency
shall be suspended; 
 (ii) if an Offshore Currency is the affected currency, the affected Borrower shall, on
the earlier of the last day of the then existing Interest Period and such date as may be required by law, prepay in full all Revolving Loans in the affected currency (provided, that if the affected Borrower shall fail to prepay such LIBO Rate Loans
in the affected currency as required under this clause (ii), on and after the date such prepayment is due, the interest for the LIBO Rate Loans in the affected currency shall be calculated, including for purposes of any interest required under
Section 2.5(c), based on the Base Rate); and 
 (iii) each LIBO Rate Loan denominated in U.S.
Dollars will automatically, upon such demand, Convert into a Base Rate Loan, 
 until the Administrative Agent shall notify the
affected Borrowers that such Lender has determined that the circumstances causing such suspension no longer exist. 
 (g) Event of Default. During the continuance of any Event of Default, and upon the election of the Required Lenders, during the continuance of any Default: 

(i) the obligation of the Lenders to make, continue or convert any Loans into, LIBO Rate Loans shall be suspended;

 (ii) if an Offshore Currency is the affected currency, the Borrowers will, on the last day of the
then-existing Interest Period therefor, prepay each LIBO Rate Loan in the affected currency (provided, that if the affected Borrower shall fail to prepay such LIBO Rate Loans in the affected currency as required under this clause (ii), on and after
the date such prepayment is due, the interest for the LIBO Rate Loans in the affected currency shall be calculated, including for purposes of any interest required under Section 2.5(c), based on the Base Rate); and 

  
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 (iii) each LIBO Rate Loan denominated in U.S. Dollars will automatically,
on the last day of the then-existing Interest Period therefor, Convert into a Base Rate Loan. 
 10.2.
Breakage Costs. If any prepayment or payment (or failure to prepay after the delivery of a notice of prepayment) of principal of, or Conversion of, any LIBO Rate Loan is made by any Borrower to or for the account of a Lender other than on the
last day of the Interest Period for such Loan, as a result of a payment or Conversion, acceleration of the maturity of any of the Obligations pursuant to Section 7.2 or for any other reason, or by an Eligible Assignee to a Lender other
than on the last day of the Interest Period for such Loan upon an assignment of rights and obligations under this Agreement pursuant to Section 10.5, such Borrower shall, upon demand by such Lender (with a copy of such demand to the
Administrative Agent), pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for all losses, costs or expenses that such Lender may reasonably incur as a result of such failure, including
without limitation foreign exchange losses, based on customary funding and foreign exchange hedging arrangements, whether or not such arrangements actually occur, and any and all other losses, costs or expenses incurred by reason of the liquidation
or reemployment of deposits or other funds acquired by such Lender to fund or maintain any Borrowing and the unavailability of funds as a result of such Borrower failing to prepay any amount when specified in a notice of prepayment or otherwise when
due, but excluding loss of anticipated profits. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in this Section and delivered to AGCO, shall
be conclusive absent manifest error. 
 10.3. Judgment Currency. 

(a) If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder in any
currency (the “Original Currency”) into another currency (the “Other Currency”) the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be
that at which in accordance with normal banking procedures the Administrative Agent could purchase the Original Currency with the Other Currency at 11:00 a.m. (New York, New York time) on the second Business Day preceding that on which final
judgment is given. 
 (b) The obligation of a Borrower in respect of any sum due in the Original Currency from
it to any Lender or the Administrative Agent hereunder shall, notwithstanding any judgment in any Other Currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Administrative Agent (as the case may
be) of any sum adjudged to be so due in such Other Currency such Lender or the Administrative Agent (as the case may be) may in accordance with normal banking procedures purchase the Original Currency with such Other Currency; if the amount of the
Original Currency so purchased is less than the sum originally due to such Lender or the Administrative Agent (as the case may be) in the Original Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to
indemnify such Lender or the Administrative Agent (as the case may be) 

  
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against such loss, and if the amount of the Original Currency so purchased exceeds the sum originally due to any Lender or the Administrative Agent (as the case may be) in the Original Currency,
such Lender or the Administrative Agent (as the case may be) agrees to remit to such Borrower such excess. 

10.4. Taxes. 
 (a) Any and all payments by any Loan Party under any Loan Document shall be made, in accordance with Section 2.9, free and clear of and without deduction or withholding of any Taxes, except as
required by Applicable Law. If any Applicable Law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable
Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with Applicable Law and, if such Tax is an Indemnified Tax, then
the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the
applicable Recipient receives an amount equal to the sum it would have received had no such deductions or withholdings been made. 
 (b) In addition, the Loan Parties shall pay to the relevant Governmental Authority in accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of,
Other Taxes. 
 (c) The Loan Parties shall indemnify each Recipient for the full amount of any Indemnified Taxes
and Other Taxes, and for the full amount of taxes imposed by any jurisdiction on amounts payable under this Section, paid by or imposed on such Lender or the Administrative Agent (as the case may be), including without limitation any liability
(including penalties, additions to tax, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. This indemnification shall be
made within thirty (30) days from the date such Recipient makes written demand therefor, and delivers to AGCO with a certificate describing in reasonable detail the manner in which the indemnified amount was calculated; provided that a
Recipient shall not be required to describe in such certificate information that such Recipient deems to be confidential or the disclosure of which is inconsistent with such Lender’s or the Administrative Agent’s internal policies. Any
such calculation shall be conclusive, absent manifest error. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent
that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the
provisions of Section 9.6(i) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any
Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to any Lender by the Administrative Agent shall be 

  
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conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or
otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (c). 
 (d) Within thirty (30) days after the date of any payment of Taxes (other than U.K. Taxes), the Borrowers shall furnish to the Administrative Agent at its address referred to in
Section 9.2, the original receipt of payment thereof or a certified copy of such receipt. In the case of any payment hereunder by the Borrowers through an account or branch outside the United States or on behalf of the Borrowers by a
payor that is not a United States person, if the Borrowers determine that no Taxes are payable in respect thereof, the Borrowers shall furnish, or shall cause such payor to furnish, to the Administrative Agent, at such address, an opinion of counsel
reasonably satisfactory to the Administrative Agent stating that such payment is exempt from Taxes. For purposes of this subsection (d) and subsection (e), the terms “United States” and “United States
person” shall have the meanings specified in Section 7701 of the Internal Revenue Code. 
 (e)
Each Lender organized under the laws of a jurisdiction outside the United States, in each other case, shall, on or prior to the date of its execution and delivery of this Agreement in the case of each initial Lender hereunder, and on the date of the
Assignment and Assumption pursuant to which it became a Lender in the case of each other Lender, and from time to time thereafter if requested in writing by a Borrower or the Administrative Agent (but only so long thereafter as such Lender remains
lawfully able to do so), provide the Administrative Agent and AGCO with (i) if such Lender claims an exemption from withholding tax pursuant to its portfolio interest exception, (1) a statement of the Lender that it is not (I) a
“bank” as described in Section 881(c)(3)(A) of the Internal Revenue Code, (II) a ten percent (10%) shareholder of any Borrower (within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code), or (III) a controlled
foreign corporation related to any Borrower within the meaning of Section 881(c)(3)(C) of the Internal Revenue Code; and (2) a properly completed and executed IRS Form W-8BEN; (ii) if such Lender claims an exemption from, or a
reduction of, withholding tax under a United States tax treaty, properly completed and executed IRS Form W-8BEN; (iii) if such Lender claims that interest paid under this Agreement is exempt from United States withholding tax because it is
effectively connected with a United States trade or business of such Lender, a properly completed and executed copy of IRS Form W-8ECI; (iv) to the extent such Lender is not the beneficial owner, executed originals of IRS Form W-8IMY,
accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a and/or other certification documents from each beneficial owner, as applicable; and (v) such other form or forms as may be required under the Internal Revenue Code or other laws of the United
States as a condition to exemption from, or reduction of, United States withholding tax. If the appropriate forms provided by a Lender at the time such Lender first becomes a party to this Agreement indicates an interest-withholding tax rate in
excess of zero, withholding tax at such rate shall be considered excluded from Taxes unless and until such Lender provides the appropriate form certifying that a lesser rate applies, whereupon withholding tax at such lesser rate only shall be
considered excluded from Taxes for periods governed by such form; provided that, if at the date of the Assignment and Assumption pursuant to which a Lender assignee becomes a party to this Agreement, the Lender assignor was entitled to payments
under subsection (a) in respect of United States withholding tax with respect to interest paid at such date by a Borrower, then, to such extent, the term Taxes shall include (in 

  
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addition to withholding taxes that may be imposed in the future or other amounts otherwise includible in Taxes) withholding tax, if any, applicable with respect to the Lender assignee on such
date. If any form or document referred to in this subsection (e) requires the disclosure of information, other than information necessary to compute the tax payable and information required on the Agreement Date by Internal Revenue Service form
W-8ECI or W-8BEN or other form that the applicable Borrower has indicated in writing to the Lenders on the Agreement Date as being a required form to avoid or reduce withholding tax on payments under this Agreement, that a Lender reasonably
considers to be confidential, such Lender shall give notice thereof to the Borrowers and shall not be obligated to include in such form or document such confidential information. 

(f) If any Lender is entitled to a reduction in the applicable withholding tax, the Administrative Agent may withhold
from any interest payment to such Lender in an amount equivalent to the applicable withholding tax after taking into account such reduction. If the forms or other documentation required by subsection (e) of this Section are not delivered to the
Administrative Agent, then the Administrative Agent may withhold from any interest payment to such Lender not providing such forms or other documentation an amount equivalent to the applicable withholding tax. Each Lender shall severally indemnify
the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified
Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.6 relating to the maintenance of a Participant Register
and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or
not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest
error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source
against any amount due to the Administrative Agent under this subsection (f). 
 (g) For any period with respect
to which a Lender has failed to provide the Borrowers with the appropriate form described in subsection (e) (other than if such failure is due to a change in law occurring after the date on which a form originally was required to
be provided or if such form otherwise is not required under subsection (e)), such Lender shall not be entitled to an additional payment or indemnification under subsection (a) or (c) with respect to Taxes imposed by the United States;
provided that should a Lender become subject to Taxes because of its failure to deliver a form required hereunder, the Borrowers shall take such steps as such Lender shall reasonably request to assist such Lender to recover such Taxes. 

(h) To the extent (if any) that U.K. Taxes apply to any payment made under any Loan Document, the Loan Parties shall not
be required to make any increased payment to a Lender under this Section 10.4 with respect to Indemnified Taxes, or to indemnify any Lender under Section 10.1(a) with respect to U.K. Taxes on any payment made under a Loan
Document if, on the date such payment is due: 
 (i) such payment could have been made to such Lender without
imposition of U.K. Taxes if such Lender had been a U.K. Qualifying Lender, but on the date of such payment, such Lender is not, or has ceased to be, a U.K. 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 U.K. Treaty, or any published practice or published concession of any relevant taxing authority); or 

  
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 (ii) the relevant Lender is a U.K. Qualifying Lender solely by virtue of
clause (b) of the definition of U.K. Qualifying Lender and (x) an officer of H.M. Revenue & Customs has given (and not revoked) a direction (a “Direction”) under section 931 of the U.K. ITA which relates to the payment
and that Lender has received from the Loan Party making the payment or from AGCO a certified copy of that Direction, and (y) the payment could have been made to the Lender without imposition of U.K. Taxes if that Direction had not been made; or

 (iii) the relevant Lender is a U.K. Qualifying Lender solely by virtue of clause (b) of the definition
of U.K. Qualifying Lender and (x) the relevant Lender has not given a U.K. Tax Confirmation to AGCO, and (y) the payment could have been made to the Lender without any imposition of U.K. Taxes if the Lender had given a U.K. Tax
Confirmation to AGCO, on the basis that the U.K. Tax Confirmation would have enabled AGCO to have formed a reasonable belief that the payment was an “excepted payment” for the purpose of section 930 of the U.K. ITA; or 

(iv) such Lender is a U.K. Treaty Lender and the Loan Party making the payment is able to demonstrate that such payment
could have been made to such Lender without imposition of U.K. Taxes had such Lender complied with its obligations set forth in clause (i) below. 
 If a Revolving Loan Lender assigns any of its rights and obligations pursuant to Section 9.6 of this Agreement, or changes the jurisdiction through which it performs its obligations under this
Agreement, and as a result of circumstances existing at the date of the assignment or change in jurisdiction, the Loan Parties would be obliged to make a payment to the assignee or relevant Lender (as the case may be) under Sections 10.4
(with respect to Indemnified Taxes) or 10.1(a) in connection with UK Taxes, then the assignee or the relevant Lender (as the case may be) is only entitled to receive such payment in connection with UK Taxes to the same extent as the relevant
Lender would have been if the assignment or change in jurisdiction had not occurred (provided, if such assignee is a U.K. Treaty Lender, such assignee shall have been given an opportunity to comply with clause (i) below after the written
request of Borrowers). 
 (i) Subject to the following sentence, each U.K. Treaty Lender shall, upon the written
request of AGCO, cooperate in completing any procedural formalities specifically requested by AGCO and reasonably necessary for the applicable Loan Party to obtain authorization to make payments under a Loan Document to any U.K. Treaty Lender
without imposition of U.K. Taxes. Nothing in the preceding sentence shall require a U.K. Treaty Lender to: (1) register under the H.M. Revenue & Customs Double Taxation Treaty Passport (the “U.K. DTTP Scheme”);
(2) apply the U.K. DTTP Scheme to the Loans hereunder if it has so registered; or (3) file treaty forms if it has included an indication to the effect that it wishes the U.K. DTTP Scheme to apply to this Agreement in accordance with clause
(k) below and the 

  
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Loan Party making that payment has not complied with its obligations under clause (k) below; provided that, in the event that the relevant Loan Party has not complied with its
obligations under clause (k) below and the U.K. Tax Authority has stated to the Loan Party that it will not accept a completed DTTP2 from the Loan Party on the basis that the filing by the Loan Party of any such form DTTP2 would be outside of
the applicable time limits, then the relevant U.K. Treaty Lender shall, upon written request of AGCO, cooperate in filing treaty forms specifically requested by AGCO and reasonably necessary for the applicable Loan Party to obtain authorization to
make payments under a Loan Document to any U.K. Treaty Lender without imposition of U.K. Taxes, at the Loan Party’s sole cost. 
 (j) Within 30 days of making either a deduction for U.K. Taxes or any payment required in connection therewith, the Loan Party making such deduction shall deliver to the Administrative Agent for the
Lender entitled to the payment a statement under section 975 of the U.K. ITA or other evidence reasonably satisfactory to such Lender that the tax deduction has been made or (as applicable) any appropriate payment paid to the relevant taxing
authority. 
 (k) Each U.K. Treaty Lender that holds a passport under the U.K. DTTP Scheme and wishes the U.K.
DTTP Scheme to apply to this Agreement, shall: (i) if such U.K. Treaty Lender is a party hereto as of the Agreement Date, notify the Administrative Agent in writing prior to the Agreement Date (such notification shall be for the benefit of the
Administrative Agent and without liability to any Loan Party) of its wish that the U.K. DTTP Scheme apply, its scheme reference number and its jurisdiction of tax residence, and (ii) if such U.K. Treaty Lender becomes a party hereto after the
Agreement Date pursuant to an Assignment and Assumption, indicate its wish that the U.K. DTTP Scheme apply and include its scheme reference number and its jurisdiction of tax residence in such Assignment and Assumption. If a U.K. Treaty Lender
provides the notice or indication described in the preceding sentence: (1) each Borrower that is a U.K. Borrower as of the date such Lender becomes a party hereto shall file a duly completed form DTTP2 in respect of such Lender with the U.K.
Tax Authority within 30 working days (as such “working days” are determined consistent with the policies and procedures of the U.K. Tax Authority) of the Agreement Date or the date of such Assignment and Assumption (as appropriate), and
shall promptly provide the Administrative Agent and such Lender with a copy of such filing; and (2) each Designated Borrower that becomes a U.K. Borrower after the date such Lender becomes a party hereto shall file a duly completed form DTTP2
in respect of such Lender with the U.K. Tax Authority within 30 working days (as such “working days” are determined consistent with the policies and procedures of the U.K. Tax Authority) of becoming a Designated Borrower and shall promptly
provide the Administrative Agent and such Lender with a copy of such filing. If a U.K. Treaty Lender has not included an indication to the effect that it wishes the U.K. DTTP Scheme to apply to the Loans under this Agreement in accordance with this
clause (k), no Loan Party shall file any form relating to the U.K. DTTP Scheme in respect of such Lender’s Commitments or Loans under this Agreement. 
 (l) If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 10.4
(including by the payment of additional amounts pursuant to this Section 10.4), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to
the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other 

  
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than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified
party the amount paid over pursuant to this paragraph (l) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such
Governmental Authority. Notwithstanding anything to the contrary in this paragraph (l), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (l) the payment of which would
place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This paragraph shall not be
construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

(m) Without prejudice to the survival of any other agreement of the Borrowers hereunder, the agreements and obligations
of the Borrowers contained in this Section 10.4 shall survive the payment in full of principal and interest hereunder. 
 (n) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements
of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Lender shall deliver to AGCO and the Administrative Agent at the time or times prescribed by law and at such time or times
reasonably requested by AGCO or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested
by AGCO or the Administrative Agent as may be necessary for the Borrowers and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to
determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (n), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

10.5. Mitigation; Replacement of a Lender. 

(a) Designation of a Different Lending Office. If any Lender requests compensation under Sections 10.1(a)
and (b), gives a notice under Section 10.1(f), or requires the Loan Parties to pay any Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 10.4,
then such Lender shall (at the request of AGCO) use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Sections 10.1(a) and (b) or Section 10.4, as the case may be, in the future,
or eliminate the need for a notice under Section 10.1(f), and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrowers hereby agree to pay all
reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

  
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 (b) Replacement of a Lender. Subject to the second and third
paragraphs of this Section 10.5, if: 
 (i) a Revolving Loan Lender requests compensation under
Sections 10.1(a) and (b) or Section 10.4 and other Lenders holding Revolving Loan Commitments equal to at least one-third of the Total Revolving Loan Commitments shall not have made a similar request; 

(ii) a Term Loan Lender requests compensation under Sections 10.1(a) and (b) or
Section 10.4 and other Lenders holding Term Loans of the same Tranche equal to at least one-third of the aggregate outstanding Term Loans of such Tranche shall not have made a similar request; 

(iii) the obligation of a Lender to make LIBO Rate Loans or to Convert Base Rate Loans into LIBO Rate Loans shall be
suspended pursuant to Sections 10.1(e) or (f) in circumstances in which such obligations of other Lenders holding Revolving Loan Commitments and Term Loans equal to at least one-third of all Revolving Loan Commitments and the aggregate
outstanding Term Loans shall not have been suspended; 
 (iv) a Lender becomes an Impacted Lender; 

(v) a Revolving Loan Lender is prohibited or restricted from making Loans in the jurisdiction of an Applicant Borrower
and other Revolving Loan Lenders holding Revolving Loan Commitments equal to at least 50% of the aggregate Revolving Loan Commitments shall not be subject to any such prohibition or restriction; or 

(vi) any Lender that is not the Administrative Agent or an Affiliate of the Administrative Agent becomes a
Non-Consenting Lender, 
 then so long as such condition occurs and is continuing the Administrative Agent
(i) may replace such Lender (the “Affected Lender”), or cause such Affected Lender to be replaced, or (ii) upon the written request of AGCO, the Administrative Agent shall replace such Affected Lender with an
Eligible Assignee identified by AGCO (the “Replacement Lender”), by having such Affected Lender sell and assign all of its rights and obligations under this Agreement and the other Loan Documents (including for purposes of
this Section, participations in Letters of Credit, Letter of Credit Advances and in Swing Line Loans) to the Replacement Lender pursuant to Section 9.6; provided that (i) in the case of any such assignment resulting from a
claim for compensation under Section 10.1 or payments required to be made pursuant to Section 10.4, such assignment will result in a reduction in such compensation or payments thereafter, (ii) in case of any such
assignment resulting from the suspension of the obligation of a Lender to make LIBO Rate Loans or to Convert Base Rate Loans into LIBO Rate Loans pursuant to Sections 10.1(e) or (f), such assignment will result in the revocation of such
suspension, (iii) such assignment does not conflict with Applicable Law, and (iv) in the case of any assignment resulting from a Lender becoming a Non-Consenting Lender, the Replacement Lender shall have consented to the applicable
amendment, waiver or consent; provided, however, that neither the Administrative Agent nor any Lender shall have any obligation to identify or locate a Replacement Lender for the Borrowers (it being expressly agreed that in such
circumstances it 

  
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AGCO’s obligation to identify or locate a Replacement Lender). Upon receipt by any Affected Lender of a written notice from the Administrative Agent stating that the Administrative Agent or
AGCO is exercising the replacement right set forth in this Section, such Affected Lender shall sell and assign all of its rights and obligations under this Agreement and the other Loan Documents (including for purposes of this Section,
participations in Letters of Credit, Letter of Credit Advances and in Swing Line Loans) to the Replacement Lender pursuant to an Assignment and Assumption and Section 9.6 for a purchase price equal to the sum of the principal amount of
such Affected Lender’s Loans so sold and assigned, all accrued and unpaid interest thereon and its ratable share of all fees to which it is entitled through the assignment date. 

Subject to the execution and delivery to the Administrative Agent and the Affected Lender by the Replacement Lender of an
Assignment and Assumption (and the approval thereof by the applicable Persons specified in Section 9.6(b)(iv)) and the payment to the Administrative Agent by AGCO on behalf of such Affected Lender of the assignment fee specified in
Section 9.6(b)(v) and any costs as a result of the assignment pursuant to Section 10.2, the Replacement Lender shall succeed to the rights and obligations of such Affected Lender hereunder and such Affected Lender shall no
longer be a party hereto or have any rights hereunder; provided that the obligations of the Borrowers to such Affected Lender under Sections 10.1, 10.3 and 10.4 with respect to events occurring or obligations arising before
or as a result of such replacement shall survive such replacement. 
 AGCO may not exercise its rights under
this Section 10.5(b) with respect to any Lender if a Default has occurred and is continuing. 
 ARTICLE 11

 JURISDICTION 
 11.1. Consent to Jurisdiction. Each party hereto irrevocably: 
 (a) submits to the jurisdiction of any New York State or federal court sitting in New York City and any appellate court from any thereof in any action or proceeding arising out of or relating to any Loan
Document; 
 (b) agrees that all claims in respect of such action or proceeding may be heard and determined in
such New York State or in such federal court; 
 (c) waives, to the fullest extent that it may effectively do
so, the defense of an inconvenient forum to the maintenance of such action or proceeding; 
 (d) consents to the
service of any and all process in any such action or proceeding by the mailing of copies of such process to such party at its address specified in Section 9.2; and 

(e) agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. 

  
 109

 Nothing in this Section shall affect the right of the Administrative Agent
or any Lender to serve legal process in any other manner permitted by law or affect the right of the Administrative Agent or any Lender to bring any action or proceeding against any Borrower or its property in the courts of other jurisdictions.

 Each Borrower irrevocably appoints and designates AGCO as its agent for service of process and, without
limitation of any other method of service, consents to service of process by mail at the address of AGCO for delivery of notices specified in Section 9.2. 

11.2. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State
of New York, without regard to the conflicts of law principles thereof insofar as such principles would defer to the substantive laws of some other jurisdiction. 

11.3. Counterparts; Integration; Effectiveness; Electronic Execution. 

(a) Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire contract between and
among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 3.1, this Agreement shall
become effective when it shall have been executed by Administrative Agent and when Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall
be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby. Delivery of an executed counterpart of a signature page to this Agreement by telecopy or other electronic transmission shall
be effective as delivery of a manually executed counterpart of this Agreement. 
 (b) Electronic Execution of
Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form,
each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any Applicable Law, including the
Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

11.4. No Liability of the Issuing Banks. Each Borrower assumes all risks of the acts or omissions of any
beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. No Issuing Bank or any of its Related Parties shall be liable or responsible for: 

(a) the use that may be made of any Letter of Credit or any acts or omissions of any beneficiary or transferee in
connection therewith; 

  
 110

 (b) the validity, sufficiency or genuineness of documents, or of any
endorsement thereon, even if such documents should prove to be in any or all respects invalid, insufficient, fraudulent or forged; 
 (c) payment by such Issuing Bank against presentation of documents that do not comply with the terms of a Letter of Credit, including failure of any documents to bear any reference or adequate reference
to the Letter of Credit; or 
 (d) any other circumstances whatsoever in making or failing to make payment under
any Letter of Credit; 
 (e) except that no Borrower shall have a claim against such Issuing Bank, and
such Issuing Bank shall be liable to a Borrower, to the extent of any direct, but not consequential, damages suffered by such Borrower that such Borrower proves were caused by: 

(i) such Issuing Bank’s willful misconduct or gross negligence, as determined by a court of competent jurisdiction
in a final and non-appealable judgment, in determining whether documents presented under any Letter of Credit comply with the terms of the Letter of Credit; or 

(ii) such Issuing Bank’s willful failure to make lawful payment under a Letter of Credit after the presentation to
it of a draft and certificates strictly complying with the terms and conditions of the Letter of Credit. 
 In
furtherance and not in limitation of the foregoing, any Issuing Bank may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary.

 11.5. Waiver of Jury Trial. EACH BORROWER, THE ADMINISTRATIVE AGENT, EACH ISSUING BANK AND EACH LENDER
HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE LOANS OR THE ACTIONS OF THE ADMINISTRATIVE
AGENT, ANY ISSUING BANK OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. 
 ARTICLE 12

 CONFIDENTIALITY 
 The Administrative Agent and the Lenders each individually (and not jointly or jointly and severally) agree that material, non-public information regarding Borrowers and their Subsidiaries, their
operations, assets, and existing and contemplated business plans shall be treated by the Administrative Agent and the Lenders in a confidential manner, and shall not be disclosed by the Administrative Agent and the Lenders to Persons who are not
parties to this Agreement, except: (a) to attorneys for and other advisors, accountants, auditors, and consultants to any Lender of any Issuing Bank, (b) to its Affiliates and to its Related Parties (it being understood that the Persons to
whom such disclosure is made will be informed of the confidential nature of such information and required to keep such information confidential) or 

  
 111

 
any other party hereto, (c) as may be required by statute, decision or other judicial or administrative order, rule, or regulation, (d) as may be agreed to in advance by Borrowers or
their Subsidiaries or as requested or required by any Governmental Authority pursuant to any subpoena or other legal process, or to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its
Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (e) as to any such information that is or becomes generally available to the public (other than as a result of prohibited
disclosure by the Administrative Agent or the Lenders) or becomes available to the Administrative Agent, any Lender, or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrowers, (f) subject to an
agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement, or
(ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to any Borrower and its obligations, this Agreement or payments hereunder, and
(g) in connection with any litigation or other adversary proceeding involving parties hereto which such litigation or adversary proceeding involves claims related to the rights or duties of such parties under this Agreement or the other Loan
Documents. Any Person required to maintain the confidentiality of information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such information as such Person would accord to its own confidential information. 
 [SIGNATURE PAGES TO
FOLLOW] 

  
 112

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

							
	 BORROWERS:
	 		 	AGCO CORPORATION
				
		 		 	By:	 	 /s/ David K. Williams

		 		 		 	Name: David K. Williams
		 		 		 	Title: Vice President and Treasurer
			
		 		 	AGCO INTERNATIONAL LIMITED
				
		 		 	By:	 	 /s/ Roger Batkin

		 		 		 	Name: Roger Batkin
		 		 		 	Title: Secretary
			
		 		 	AGCO INTERNATIONAL HOLDINGS B.V.
				
		 		 	By:	 	 /s/ Roger Batkin

		 		 		 	Name: Roger Batkin
		 		 		 	Title: Director
				
		 		 	By:	 	 /s/ Paul Huijsmans

		 		 		 	Name: Paul Huijsmans
		 		 		 	Title: Director
			
		 		 	MIDWEST MERGER ACQUISITION COMPANY
				
		 		 	By:	 	 /s/ David K. Williams

		 		 		 	Name: David K. Williams
		 		 		 	Title: Vice President and Treasurer

  
 S-1

									
	 ADMINISTRATIVE AGENT:
	 		 	 COÖPERATIEVE CENTRALE RAIFFEISEN-
 BOERENLEENBANK B.A., RABOBANK
 NEDERLAND”, NEW YORK BRANCH,
as
 Administrative Agent

				
		 		 	By:	 	 /s/ Betty Janelle

		 		 		 	Name:	 	Betty Janelle
		 		 		 	Title:	 	Executive Director
				
		 		 	By:	 	 /s/ Brett Delfino

		 		 		 	Name:	 	Brett Delfino
		 		 		 	Title:	 	Executive Director

  

					
	 Revolving Loan Commitment
	  	$	60,000,000	  
		
	 Term Loan Commitment
	  	$	40,000,000	  

  
 S-2

									
	 LENDERS:
	 		 	JPMORGAN CHASE BANK, N.A., as a Lender
				
		 		 	By:	 	 /s/ John Horst

		 		 		 	Name:	 	John Horst
		 		 		 	Title:	 	Credit Executive

  

					
	 Revolving Loan Commitment
	  	$	51,000,000	  
		
	 Term Loan Commitment
	  	$	34,000,000	  

  
 S-3

 
			
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender

		
	 By:
	 	 /s/ Joanne Nasuti

		 	 Name: Joanne Nasuti

		 	 Title: Vice President

  

					
	 Revolving Loan Commitment
	  	$	51,000,000	  
		
	 Term Loan Commitment
	  	$	34,000,000	  

  
 S-4

 
					
	 SUNTRUST BANK, as a Lender

		
	 By:
	 	 /s/ Christopher Fellows

		 	 Name:
	 	Christopher Fellows
		 	 Title:
	 	Portfolio Manager

  

					
	 Revolving Loan Commitment
	  	$	51,000,000	  
		
	 Term Loan Commitment
	  	$	34,000,000	  

  
 S-5

 
					
	 HSBC BANK USA, N.A., as a Lender

		
	 By:
	 	 /s/ Paul Hatton

		 	 Name:
	 	Paul Hatton
		 	 Title:
	 	Managing Director

  

					
	 Revolving Loan Commitment
	  	$	30,000,000	  
		
	 Term Loan Commitment
	  	$	20,000,000	  

  
 S-6

 
					
	 LLOYDS TSB BANK PLC, as a Lender

		
	 By:
	 	 /s/ Charles S. Foster

		 	 Name:
	 	Charles S. Foster
		 	 Title:
	 	Managing Director
		
	 By:
	 	 /s/ Deborah Carlson

		 	 Name:
	 	Deborah Carlson
		 	 Title:
	 	Director, Corporate Banking USA

  

					
	 Revolving Loan Commitment
	  	$	18,000,000	  
		
	 Term Loan Commitment
	  	$	12,000,000	  

  
 S-7

 
					
	REGIONS BANK, as a Lender
		
	 By:
	 	 /s/ Stephen Hatch

		 	 Name:
	 	 Stephen Hatch

		 	 Title:
	 	 Vice President

 

							
	 Revolving Loan Commitment
	  	$	18,000,000	  
		
	 Term Loan Commitment
	  	$	12,000,000	  

  
 S-8

 
					
	SOVEREIGN BANK, as a Lender
		
	 By:
	 	 /s/ Pedro Bell Astorza

		 	 Name:
	 	 Pedro Bell Astorza

		 	 Title:
	 	 Senior Vice President

  

					
	 Revolving Loan Commitment
	  	$	18,000,000	  
		
	 Term Loan Commitment
	  	$	12,000,000	  

  
 S-9

 
					
	TD BANK, N.A., as a Lender
		
	 By:
	 	 /s/ Todd Antico

		 	 Name:
	 	 Todd Antico

		 	 Title:
	 	 Senior Vice President

  

					
	 Revolving Loan Commitment
	  	$	18,000,000	  
		
	 Term Loan Commitment
	  	$	12,000,000	  

  
 S-10

 
					
	COBANK, ACB, as a Lender
		
	 By:
	 	 /s/ Michael Tousignant

		 	 Name:
	 	 Michael Tousignant

		 	 Title:
	 	 Vice President

  

					
	 Revolving Loan Commitment
	  	$	142,500,000	  
		
	 Term Loan Commitment
	  	$	 95,000,000	  

  
 S-11

 
					
	SUMITOMO MITSUI BANKING CORPORATION, as a Lender
		
	 By:
	 	 /s/ Shuji Yabe

		 	 Name:
	 	 Shuji Yabe

		 	 Title:
	 	 Managing Director

  

					
	 Revolving Loan Commitment
	  	$	15,000,000	  
		
	 Term Loan Commitment
	  	$	10,000,000	  

  
 S-12

 
					
	COMPASS BANK, as a Lender
		
	 By:
	 	 /s/ Stephen Lee

		 	 Name:
	 	 Stephen Lee

		 	 Title:
	 	 Senior Vice President

  

					
	 Revolving Loan Commitment
	  	$	12,000,000	  
		
	 Term Loan Commitment
	  	$	8,000,000	  

  
 S-13

 
					
	PNC BANK NATIONAL ASSOCIATION, as a Lender
		
	 By:
	 	 /s/ Jessica L. Fabrizi

		 	 Name:
	 	 Jessica L. Fabrizi

		 	 Title:
	 	 AVP

  

					
	 Revolving Loan Commitment
	  	$	12,000,000	  
		
	 Term Loan Commitment
	  	$	 8,000,000	  

  
 S-14

 
					
	RBC BANK (USA), as a Lender
		
	 By:
	 	 /s/ Jamie Pryor

		 	 Name:
	 	 Jamie Pryor

		 	 Title:
	 	 Managing Director

  

					
	 Revolving Loan Commitment
	  	$	12,000,000	  
		
	 Term Loan Commitment
	  	$	8,000,000	  

  
 S-15

 
					
	U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	 By:
	 	 /s/ Patrick Engel

		 	 Name:
	 	 Patrick Engel

		 	 Title:
	 	 Vice President

  

					
	 Revolving Loan Commitment
	  	$	12,000,000	  
		
	 Term Loan Commitment
	  	$	8,000,000	  

  
 S-16

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
		
	 By:
	 	 /s/ Bradley J. Staples

		 	 Name:
	 	 Bradley J. Staples

		 	 Title:
	 	 Managing Director

  

					
	 Revolving Loan Commitment
	  	$	12,000,000	  
		
	 Term Loan Commitment
	  	$	 8,000,000	  

  
 S-17

 
					
	BANK OF THE WEST, as a Lender
		
	 By:
	 	 /s/ Casey Garten

		 	 Name:
	 	 Casey Garten

		 	 Title:
	 	 Sr. Vice President

  

					
	 Revolving Loan Commitment
	  	$	9,000,000	  
		
	 Term Loan Commitment
	  	$	6,000,000	  

  
 S-18

 
					
	BAYERISCHE LANDESBANK NEW YORK BRANCH, as a Lender
		
	 By:
	 	 /s/ Rolf Siebert

		 	 Name:
	 	 Rolf Siebert

		 	 Title:
	 	 Second Vice President

		
	 By:
	 	 /s/ Michael Hintz

		 	 Name:
	 	 Michael Hintz

		 	 Title:
	 	 First Vice President

  

					
	 Revolving Loan Commitment
	  	$	9,000,000	  
		
	 Term Loan Commitment
	  	$	6,000,000	  

  
 S-19

 
					
	BRANCH BANKING and TRUST COMPANY, as a Lender
		
	 By:
	 	 /s/ Robert T. Barnaby

		 	 Name:
	 	 Robert T. Barnaby

		 	 Title:
	 	 Vice President

  

					
	 Revolving Loan Commitment
	  	$	9,000,000	  
		
	 Term Loan Commitment
	  	$	6,000,000	  

  
 S-20

 
					
	COMERICA BANK, as a Lender
		
	 By:
	 	 /s/ Dru E. Steinly

		 	 Name:
	 	 Dru E. Steinly

		 	 Title:
	 	 Vice President

  

					
	 Revolving Loan Commitment
	  	$	9,000,000	  
		
	 Term Loan Commitment
	  	$	6,000,000	  

  
 S-21

 
					
	 DZ BANK AG, DEUTSCHE ZENTRAL-
 GENOSSENSCHAFTSBANK, FRANKFURT
 AM MAIN, NEW YORK BRANCH, as a
Lender

		
	 By:
	 	 /s/ Paul Fitzpatrick

		 	 Name:
	 	 Paul Fitzpatrick

		 	 Title:
	 	 Senior Vice President

		
	 By:
	 	 /s/ Oliver Hildenbrand

		 	 Name:
	 	 Oliver Hildenbrand

		 	 Title:
	 	 Senior Vice President

  

					
	 Revolving Loan Commitment
	  	$	9,000,000	  
		
	 Term Loan Commitment
	  	$	6,000,000	  

  
 S-22

 
					
	FIFTH THIRD BANK, as a Lender
		
	 By:
	 	 /s/ Ken Deere

		 	 Name:
	 	 Ken Deere

		 	 Title:
	 	 Senior Vice President

  

					
	 Revolving Loan Commitment
	  	$	9,000,000	  
		
	 Term Loan Commitment
	  	$	6,000,000	  

  
 S-23

 
					
	THE NORTHERN TRUST COMPANY, as a Lender
		
	 By:
	 	 /s/ John Canty

		 	 Name:
	 	 John Canty

		 	 Title:
	 	 Senior Vice President

  

					
	 Revolving Loan Commitment
	  	$	9,000,000	  
		
	 Term Loan Commitment
	  	$	6,000,000	  

  
 S-24

 
					
	BANK OF AMERICA, N.A., as a Lender
		
	 By:
	 	 /s/ Gabriela Millhorn

		 	 Name:
	 	 Gabriela Millhorn

		 	 Title:
	 	 Managing Director

  

					
	 Revolving Loan Commitment
	  	$	4,500,000	  
		
	 Term Loan Commitment
	  	$	3,000,000	  

  
 S-25

 EXHIBIT A 
 FORM OF ASSIGNMENT AND ASSUMPTION 
 This Assignment and
Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name
of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”),
receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and
Assumption as if set forth herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells
and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to
the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including without limitation any letters of credit, guarantees, and swingline
loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or
unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not
limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and
assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned Interest”). Each such sale and assignment is without recourse to the Assignor and, except as expressly provided
in this Assignment and Assumption, without representation or warranty by the Assignor. 
  

							
	 1.
	 	 Assignor:
	 	  
	  	
			
		 		 	 [Assignor [is] [is not] a Defaulting Lender]1

				
	 2.
	 	 Assignee:
	 	  
	  	
			
		 		 	 [[Assignee is an Affiliate/Approved Fund of [Insert name of Lender] [Assignee is a U.K. Treaty Lender, resident for tax purposes in [Insert
applicable country], holding a passport (with Scheme Reference Number [Insert Scheme Reference Number]) under the U.K. DTTP Scheme and wishes the U.K. DTTP Scheme to apply to the Credit Agreement]2 ]3

  

	1 	 Select as applicable. 

	2 	 Only applicable if Assignee is a U.K. Treaty Lender that holds a passport under the U.K. DTTP Scheme and wishes U.K. DTTP Scheme to apply pursuant
to Section 10.4(k) of the Credit Agreement. 

	3 	 Select as applicable. 

	

  
 A-1

 3. Borrowers: AGCO Corporation and its Subsidiaries signatory to the
Credit Agreement. 
 4. Administrative Agent: Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.,
“Rabobank Nederland”, New York Branch, as the administrative agent under the Credit Agreement. 
 5.
Credit Agreement: Credit Agreement dated as of December 1, 2011, by and among AGCO CORPORATION, a Delaware corporation (“AGCO”), AGCO INTERNATIONAL LIMITED, an English corporation (“AGCO
UK”), AGCO INTERNATIONAL HOLDINGS B.V., a Dutch company, having its corporate seat in Grubbenvorst, the Netherlands (“AGCO BV”), MIDWEST MERGER ACQUISITION COMPANY, a Delaware corporation
(“Merger Sub”; and together with AGCO, AGCO UK, AGCO BV, and each other Subsidiary of AGCO party thereto from time to time as a “Borrower”, each a “Borrower” and collectively, the
“Borrowers”), the Lenders party thereto from time to time, and COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH, as Administrative Agent (the
“Administrative Agent”). 
 6. Assigned Interest: 

 

																			
	 Assignor
	  	Assignee	  	Facility
Assigned4	  	Aggregate Amount of
Commitment/Loans
for all Lenders5	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage
Assigned 
of
Commitment/
Loans6	 	 	CUSIP
Number
							
		  		  		  	$	 	  	  	$	 	  	  	 	    	% 	 	
							
		  		  		  	$	 	  	  	$	 	  	  	 	    	% 	 	

  

	4 	 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g.,
“Revolving Credit Commitment,” “Term Loan Commitment,” etc.) 

	5 	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

	6 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

  
 A-2

 7. [Trade Date:
            ,      20    ]7 
 8. Effective Date:             ,      20    8 
  

 

	7 	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date.

	8 	 To be inserted by the Administrative Agent and which shall be the effective date of recordation of transfer in the Register therefor.

  
 A-3

 The terms set forth in this Assignment and Assumption are hereby agreed to:

  

					
	 ASSIGNOR

	
	 [Insert name of Assignor]

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
	
	 ASSIGNEE

	
	 [Insert name of Assignee]

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

  
 A-4

					
	 Accepted and Approved:

	
	 COÖPERATIEVE CENTRALE

	 RAIFFEISEN-BOERENLEENBANK B.A.,

	 “RABOBANK NEDERLAND”,

	 NEW YORK BRANCH, as Administrative Agent

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
	
	 [Consented
to:]9

	
	 [AGCO CORPORATION, on behalf of itself and the other Borrowers]

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

  

	9 	 To be added only if the consent of AGCO is required by the terms of the Credit Agreement. 

  
 A-5

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION

 1. Representations and Warranties. 

1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of
the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection
with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the
Borrowers, any of their Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document, or (iv) the performance or observance by the Borrowers, any of their Subsidiaries or Affiliates or any other Person of any of
their respective obligations under any Loan Document. 
 1.2. Assignee. The Assignee (a) represents
and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit
Agreement, (ii) it meets all the requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents, if any, as may be required under the Credit Agreement), (iii) from and after the Effective Date, it
shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets
of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the
Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.1 thereof, as applicable, and such other documents and information as it deems
appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and
based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, and (vii) if it is a Lender organized under the
laws of a jurisdiction outside the United States attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and
(b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

  
 Annex 1 - 1

 2. Payments. From and after the Effective Date, the Administrative
Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts
which have accrued from and after the Effective Date. Notwithstanding the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to the Assignee.

 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit
of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page
of this Assignment and Assumption by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the laws of the State of New York, without regard to the conflicts of law principles thereof insofar as such principles would defer to the substantive laws of some other jurisdiction. 

  
 Annex 1 - 2

 EXHIBIT B 
 FORM OF NOTICE OF BORROWING 
 Coöperatieve Centrale Raiffeisen-

 Boerenleenbank B.A., 
 “Rabobank Nederland”, New York Branch, 
 as Administrative Agent under
the 
 Credit Agreement referred to below 
 c/o Rabo Support Services, Inc. 
 10 Exchange Place, 16th Floor 

Jersey City, NJ 07302 
 Attention: Sui Price 

[                 ,     ] 

Ladies and Gentlemen: 
 The undersigned refers to that certain Credit Agreement dated as of December 1, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”; capitalized terms used herein but not defined herein shall have the meanings ascribed to such terms in the Credit Agreement), by and among AGCO CORPORATION, a Delaware corporation (“AGCO”),
AGCO INTERNATIONAL LIMITED, an English corporation (“AGCO UK”), AGCO INTERNATIONAL HOLDINGS B.V., a Dutch company, having its corporate seat in Grubbenvorst, the Netherlands (“AGCO BV”),
MIDWEST MERGER ACQUISITION COMPANY, a Delaware corporation (“Merger Sub”; and together with AGCO, AGCO UK, AGCO BV, and each other Subsidiary of AGCO party thereto from time to time as a “Borrower”, each a
“Borrower” and collectively, the “Borrowers”), the Lenders party thereto from time to time, and COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK
BRANCH, as Administrative Agent (the “Administrative Agent”), and hereby gives you notice, irrevocably, pursuant to Section 2.2 of the Credit Agreement that the undersigned hereby requests a Loan under the Credit
Agreement, and in connection with such Loan sets forth below the following information relating to such Loan (the “Proposed Borrowing”), as required by Section 2.2(a) of the Credit Agreement: 

  
 B-1

							
	 1.
	  	 Requested date of the
Borrowing:1
	 	 [                 ,
20    ]

			
	 2.
	  	 Class of the Borrowing:
	 	 (Check One)

		  		 		 	 Revolving Loan

		  		 		 	 Term Loan

			
	 3.
	  	 Type of Revolving/Term
Loan:2
	 	 (Check One)

		  		 		 	 Base Rate Loan

		  		 		 	 LIBO Rate Loan

			
	 4.
	  	 Requested aggregate principal amount of Borrowing:
	 	
[                        ]

			
	 5.
	  	 Requested currency in which Borrowing is to be made:3
	 	 (Check One)

		  		 		 	 U.S. Dollars

		  		 		 	 Canadian Dollars

		  		 		 	 Euros

		  		 		 	 Sterling

		  		 		 	[Insert other Offshore Currency]
			
	 6.
	  	 Interest Period and the last day thereof:4
	 	              month(s) ending on     ,
20    .

			
	 7.
	  	 Borrower’s Account of such Borrower for Borrowing:5
	 	
[                        ]

  
  

	1 	 Such date shall be a Business Day. 

	2 	 For Revolving Loans, such type (1) may be a Base Rate Loan or a LIBO Rate Loan if such Revolving Loan is denominated in U.S. Dollars and
(2) shall be a LIBO Rate Loan if the requested currency for such Borrowing is other than U.S. Dollars. 

	3 	 For Term Loan, such currency shall be U.S. Dollars. 

	4 	 Applicable to Borrowing consisting of LIBO Rate Loans only. 

	5 	 Such account shall be with an institution located in the same country as the Administrative Agent’s Account for the requested currency of
Borrowing. 

  
 B-2

 The undersigned hereby certifies that the following statements are true on
the date hereof, and will be true on the date of the Proposed Borrowing: 
  

	 	(a)	 the representations and warranties contained in each Loan Document [(except, that with respect to the initial Loans made on the Agreement Date, only
the representations contained in Sections 4.1(a), (d), (e), (f), (g), (j), (k), (o) (but only with respect to AGCO and the Existing Subsidiaries), (p), (t) and (u) (but only with respect to compliance with the USA Patriot Act)) of the
Credit Agreement]6 will be correct on and as of the date
of such Proposed Borrowing, before and after giving effect to such Proposed Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, other than as permitted by Section 4.2 of the Credit Agreement;

  

	 	(b)	 [no event shall have occurred and be continuing, or would result from such Proposed Borrowing or from the application of the proceeds therefrom,
that constitutes or would constitute a Default or an Event of Default;]7 and 

  

	 	(c)	 such Proposed Borrowing is permitted under Article 2 of the Credit Agreement and after giving effect thereto, the aggregate Outstandings do
not exceed the Total Commitment. 

  

					
	 Very truly yours,

	
	 AGCO CORPORATION

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

  
  

	6 	 Add only for initial Loans made on the Agreement Date. 

	7 	 Remove for initial Loans made on the Agreement Date. 

  
 B-3

 EXHIBIT C 
 FORM OF DESIGNATED BORROWER REQUEST AND 
 ASSUMPTION AGREEMENT

 Coöperatieve Centrale Raiffeisen- 
 Boerenleenbank B.A., 
 “Rabobank Nederland”, New York Branch 

245 Park Avenue 

New York, NY 10167 
 Attention: Loan Syndications 
 and the Lenders (as defined in the Credit Agreement
(defined below)) 
 [                 ,
20    ] 
 Ladies and Gentlemen: 

The undersigned refers to that certain Credit Agreement, dated as of December 1, 2011 (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein but not defined herein shall have the meanings ascribed to such terms in the Credit Agreement), by
and among AGCO CORPORATION, a Delaware corporation (“AGCO”), AGCO INTERNATIONAL LIMITED, an English corporation (“AGCO UK”), AGCO INTERNATIONAL HOLDINGS B.V., a Dutch company,
having its corporate seat in Grubbenvorst, the Netherlands (“AGCO BV”), MIDWEST MERGER ACQUISITION COMPANY, a Delaware corporation (“Merger Sub”; and together with AGCO, AGCO UK, AGCO BV, and
each other Subsidiary of AGCO party thereto from time to time as a “Borrower”, each a “Borrower” and collectively, the “Borrowers”), the Lenders party thereto from time to time, and
COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH, as Administrative Agent (the “Administrative Agent”), and hereby requests pursuant to Section 2.13 of the
Credit Agreement that the entity described below (the “Applicant Borrower”) to be joined as a “Borrower” under the Credit Agreement as of
[                 , 20    ]1 (the “Proposed Effective Date”) and sets forth below the following information: 

 

					
	 1.
	  	 Name of Entity:
	  	
[                             
           ]

			
	 2.
	  	 Jurisdiction of Organization:
	  	
[                             
           ]

			
	 3.
	  	Address of Chief Executive Office/ Principal Place of Business:	  	
[                             
           ]

  

	1 	 The Proposed Effective Date must be at least sixty (60) days from the date of the Designated Borrower Request, unless otherwise agreed by the
Administrative Agent in its sole discretion. 

  
 C-1

 The undersigned hereby certifies that (a) the Applicant Borrower is a
Wholly Owned Subsidiary of AGCO, (b) no event has occurred and is continuing, or would result from the Applicant Borrower being joined as a “Borrower” under the Credit Agreement, that constitutes or would constitute a Default or Event
of Default and (c) attached hereto as Annex 1 is the Designated Borrower Assumption Agreement duly executed by the Borrowers and the Applicant Borrower. 

 

					
	 Very truly yours,

	
	 AGCO CORPORATION

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

  
 C-2

 ANNEX 1 
 DESIGNATED BORROWER ASSUMPTION AGREEMENT 
 THIS
DESIGNATED BORROWER ASSUMPTION AGREEMENT (this “Agreement”), is entered into as of [                 , 20    ], by and
between [                    , a
                    ] (the “Designated Borrower”) and COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK, B.A.,
“RABOBANK NEDERLAND”, NEW YORK BRANCH, in its capacity as administrative agent (the “Administrative Agent”) pursuant to the Credit Agreement (defined below). 

W I T N E S S E T H: 
 WHEREAS, AGCO CORPORATION, a Delaware corporation (“AGCO”), AGCO INTERNATIONAL LIMITED, an English corporation (“AGCO UK”), AGCO
INTERNATIONAL HOLDINGS B.V., a Dutch company, having its corporate seat in Grubbenvorst, the Netherlands (“AGCO BV”), MIDWEST MERGER ACQUISITION COMPANY, a Delaware corporation (“Merger
Sub”; and together with AGCO, AGCO UK, AGCO BV, and each other Subsidiary of AGCO party thereto from time to time as a “Borrower”, each individually an “Existing Borrower”, and collectively, the
“Existing Borrowers”), the Lenders party thereto from time to time, and the Administrative Agent are parties to that certain Credit Agreement dated as of December 1, 2011 (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein but not defined herein shall have the meanings ascribed to such terms in the Credit Agreement); and 

WHEREAS, the Designated Borrower satisfies the requirements to become a “Borrower” under the Credit Agreement
as set forth in Section 2.13 of the Credit Agreement and the same may be accomplished by the execution and delivery of this Agreement to, and the acceptance thereof by, the Administrative Agent; and 

WHEREAS, concurrent with the execution and delivery of this Agreement to the Administrative Agent, the Designated
Borrower hereby unconditionally and expressly assumes all of the Obligations of a Borrower pursuant to the Credit Agreement and the other Loan Documents. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the Designated Borrower hereby agrees with the Administrative Agent, for its benefit and the benefit of the Lenders and the Issuing Banks, as follows: 
 1. Assumption. The Designated Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Designated Borrower will be deemed to be a party to the Credit
Agreement and a “Borrower” for all purposes of the Credit Agreement, and shall have assumed all of the Obligations of a Borrower thereunder as if it had executed the Credit Agreement. 

2. Covenants. The Designated Borrower hereby ratifies, as of the date hereof, and agrees to be bound by, all of
the terms, provisions and conditions contained in the Credit 

  
 Annex 1 - 1

 
Agreement, including without limitation (i) all of the representations and warranties set forth in Article 4 of the Credit Agreement as they relate to the Designated Borrower and
(ii) all of the affirmative and negative covenants set forth in Articles 5 and 6 of the Credit Agreement. Each such representation, warranty and covenant are incorporated by reference herein in their entirety. Upon the effectiveness of this
Agreement, Designated Borrower shall be entitled to exercise the rights of a “Borrower” under the Credit Agreement and any other Loan Document subject to Section 2.13 of the Credit Agreement. All references to “Borrower,”
“Borrowers” and “Loan Parties” in the Credit Agreement and each other Loan Document, or any document, instrument or agreement executed and delivered, or to be executed or delivered in connection therewith, shall be deemed to
include the Designated Borrower unless the context otherwise clearly requires. 
 3. Designated Borrower
Liability. Without limiting the generality of the foregoing terms contained in Paragraphs 1 and 2 above, the Designated Borrower (i) if a Domestic Borrower, is hereby, jointly and severally together with the other Borrowers,
liable to each Lender, each Issuing Bank and the Administrative Agent for the prompt payment and performance of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) strictly in
accordance with the terms thereof to the extent set forth in Section 2.12 of the Credit Agreement and its Guaranty Agreement, and (ii) if a Foreign Subsidiary that is a Borrower, shall not have any liability for any Borrowing or other
liabilities under the Loan Documents by or of AGCO or any other Borrowing Subsidiary (except as may otherwise be expressly provided in its Guaranty Agreement). 
 4. Consent. Each Existing Borrower hereby consents to the Designated Borrower becoming a “Borrower” under the Credit Agreement and the other Loan Documents. 

5. Representations and Warranties. The Designated Borrower is a corporation, partnership or other legal entity
duly organized or formed, validly existing and in good standing (if applicable) under the laws of the jurisdiction of its organization, is duly qualified and in good standing (if applicable) as a foreign corporation in each other jurisdiction in
which it owns or leases property or in which the conduct of its business requires it to so qualify or be licensed except where the failure to so qualify or be licensed would not reasonably be expected to result in a Material Adverse Effect, and has
the requisite power and authority to own or lease and operate its properties, to conduct its business as now being conducted and as proposed to be conducted and to enter into and carry out the terms of this Agreement and the other Loan Documents to
which it is a party. The Designated Borrower (a) has the requisite power and authority to execute, deliver and perform this Agreement and the other Loan Documents to which it is a party and the other transactions contemplated thereby, and
(b) is duly authorized to, and has been authorized by all necessary corporate or other similar action, to execute, deliver and perform this Agreement and the other Loan Documents to which it is a party. Neither the execution and delivery of
this Agreement or the other Loan Documents to which it is a party, nor the consummation of the transactions contemplated herein, nor performance of and compliance with the terms and provisions hereof by the Designated Borrower will
(i) contravene such Designated Borrower’s charter or bylaws, (ii) violate any Applicable Law or any order of any Governmental Authority, (iii) conflict with or result in the breach of, or constitute a default under, any material
contract, loan agreement, indenture, mortgage, deed of trust, lease or other instrument binding on or affecting such Designated Borrower, any of its Subsidiaries or any of their properties or (iv) result in or require the creation or imposition
of any Lien upon or with 

  
 Annex 1 - 2

 
respect to any of the properties of such Designated Borrower or any of its Subsidiaries. No authorization or approval or other action by, and no notice to or filing with, any Governmental
Authority or regulatory body or any other third party is required for the due execution, delivery or performance by the Designated Borrower of this Agreement or any other Loan Document to which it is a party. This Agreement and the other Loan
Documents to which it is a party have been duly executed and delivered by the Designated Borrower. This Agreement and the other Loan Documents to which it is a party are the legal, valid and binding obligation of the Designated Borrower, enforceable
against such Designated Borrower in accordance with their terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws and principles of equity. 

6. Additional Documents. Upon the execution of this Agreement, the Designated Borrower shall promptly execute and
deliver to the Administrative Agent, such documents, certificates and instruments as the Administrative Agent shall reasonably request (including any opinions of counsel), in each case in form and substance satisfactory to the Administrative Agent
and the Required Lenders. 
 7. Binding Effect. This Agreement shall be binding upon the Designated
Borrower and shall inure to the benefit of the Administrative Agent, the Issuing Banks and the Lenders, together with their respective successors and assigns. 
 8. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to the conflicts of law principles thereof insofar as such
principles would defer to the substantive laws of some other jurisdiction. 
 9. Loan Document. This
Agreement shall be deemed to be a Loan Document for all purposes under the Credit Agreement. 
 10.
Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original and all of which, taken together, shall constitute one and the same Agreement. In proving this Agreement in any judicial
proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile or other electronic transmission shall be
deemed an original signature hereto. 
 [Remainder of this Page Intentionally Left Blank] 

  
 Annex 1 - 3

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

					
	 [DESIGNATED BORROWER],

	 a
[                                        
]

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

  
 Annex 1 - 4

					
	 ACCEPTED AND ACKNOWLEDGED
 AS OF                  , 20    

	
	COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH, as Administrative Agent
		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

  
 Annex 1 - 5

					
	 AGCO CORPORATION

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
	
	 AGCO INTERNATIONAL LIMITED

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
	
	 AGCO INTERNATIONAL HOLDINGS B.V.

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

 GSI HOLDINGS CORP., 

as successor to Midwest Merger Acquisition Company 

					
		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

 [OTHER EXISTING BORROWERS] 

  
 Annex 1 - 6

 EXHIBIT D 
 FORM OF DESIGNATED BORROWER NOTICE 
 AGCO Corporation 

4205 River Green Parkway 
 Duluth, Georgia 30096-2568 
 and the Lenders (as defined in the Credit Agreement
(defined below)) 
 [                 ,
20    ] 
 Ladies and Gentlemen: 

The undersigned refers to that certain Credit Agreement, dated as of December 1, 2011 (as amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein but not defined herein shall have the meanings ascribed to such terms in the Credit Agreement), by and among AGCO
CORPORATION, a Delaware corporation (“AGCO”), AGCO INTERNATIONAL LIMITED, an English corporation (“AGCO UK”), AGCO INTERNATIONAL HOLDINGS B.V., a Dutch company, having its corporate
seat in Grubbenvorst, the Netherlands (“AGCO BV”), MIDWEST MERGER ACQUISITION COMPANY, a Delaware corporation (“Merger Sub”; and together with AGCO, AGCO UK, AGCO BV, and each other Subsidiary
of AGCO party thereto from time to time as a “Borrower”, each a “Borrower” and collectively, the “Borrowers”), the Lenders party thereto from time to time, and
COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH, as Administrative Agent (the “Administrative Agent”), and hereby gives notice pursuant to Section 2.13 of
the Credit Agreement that the undersigned hereby approves the request of AGCO to join [                    ], a
[                    ] (the “Designated Borrower”), as a “Borrower” under the Credit Agreement effective as of
[                 , 20    ] (the “Effective Date”). 

As of the Effective Date, the Designated Borrower shall be a “Borrower” for all purposes under the Credit
Agreement; provided, however, no Notice of Borrowing or Notice of Issuance maybe submitted by or on behalf of the Designated Borrower until three (3) Business Days after the Effective Date. 

[Remainder of Page Intentionally Left Blank] 

  
 D-1

 
					
	Very truly yours,
	
	COÖPERATIEVE CENTRALE RAIFFEISENBOERENLEENBANK B.A., “RABOBANKNEDERLAND”, NEW YORK BRANCH, as Administrative Agent
		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	
		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

  
 D-2

					
	ACKNOWLEDGED AND AGREED:
	
	AGCO CORPORATION
		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title:
	 	

  
 D-3

 EXHIBIT N 
 FORM OF NOTICE OF INCREMENTAL TERM LOAN BORROWING 
 Coöperatieve
Centrale Raiffeisen- 
 Boerenleenbank B.A., 
 “Rabobank Nederland”, New York Branch, 
 as Administrative Agent under
the 
 Credit Agreement referred to below 
 245 Park Avenue 
 New York, New York 10167 

Attn: Loan Syndications 
 [                 ,     ] 
 Ladies and Gentlemen: 
 Reference is made to that certain Credit
Agreement dated as of December 1, 2011 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein but not defined herein shall have the
meanings ascribed to such terms in the Credit Agreement), by and among AGCO CORPORATION, a Delaware corporation (“AGCO”), AGCO INTERNATIONAL LIMITED, an English corporation (“AGCO UK”),
AGCO INTERNATIONAL HOLDINGS B.V., a Dutch company, having its corporate seat in Grubbenvorst, the Netherlands (“AGCO BV”), MIDWEST MERGER ACQUISITION COMPANY, a Delaware corporation (“Merger
Sub”; and together with AGCO, AGCO UK, AGCO BV, and each other Subsidiary of AGCO party thereto from time to time as a “Borrower”, each a “Borrower” and collectively, the
“Borrowers”), the Lenders party thereto from time to time, and COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A., “RABOBANK NEDERLAND”, NEW YORK BRANCH, as Administrative Agent (the
“Administrative Agent”). AGCO hereby gives binding notice, pursuant to Section 2.14(a) of the Credit Agreement that it hereby requests a Tranche of Incremental Term Loans under the Credit Agreement be advanced to
[insert name of relevant Borrower] (the “Incremental Borrower”), and in that connection sets forth below the information relating to such Tranche of Incremental Term Loans (the “Proposed
Borrowing”), as required by Section 2.14(a) of the Credit Agreement: 
 1.
The Tranche of Incremental Term Loans to be borrowed is in an aggregate principal amount of $[            ]1. 

 

	1 	 Tranche must be in a minimum principal amount of $100,000,000 and integral multiples of $50,000,000 in excess thereof. 

  
 N-1

 2. The date of the Proposed Borrowing is
[                 , 20    ]2. 
 3. All Incremental Term Loans comprising the Tranche of the Proposed Borrowing shall accrue interest at a per annum rate equal to the LIBO Rate plus an Applicable Margin of
[    ]% for LIBO Rate Borrowings, and the Base Rate plus an Applicable Margin of [    ]% for Base Rate Borrowings, with such interest payable as set forth in the Credit Agreement. 

4. The maturity date of the Proposed Borrowing is the Maturity Date. 

5. The Incremental Borrower shall repay the principal amount of the Incremental Term Loans comprising the Tranche (with
such payments being applied to all Incremental Term Loans comprising such Tranche on a pro rata basis) on the principal payment dates below as follows: 
  

					
	 Principal Payment Date
	  	 Amount of Installment
	 
		
	 [                ,
20    ]
	  	$	[            	] 
	 [                ,
20    ]
	  	$	[            	] 
	 Maturity Date
	  	 	balance	  

 6. The Incremental Borrower shall pay to the Administrative Agent, on behalf of the
Lenders funding the Proposed Borrowing on a pro rata basis, [upfront/closing] fees in an amount equal to     % of the amount of the Proposed Borrowing on the date of the Proposed Borrowing referred to in Paragraph 2 above.

 7. AGCO hereby requests that the Proposed Borrowing pursuant to this notice be wired to the following
account: [Insert Wire Information]. 
 8. The Tranche of Incremental Term Loans advanced in connection with the
Proposed Borrowing shall be identified as Tranche No. [    ]. 
 AGCO hereby certifies to
the Administrative Agent and the Lenders that the following statements are true on the date hereof, before and after giving effect to the Proposed Borrowing: 

(A) the representations and warranties contained in each Loan Document are correct on and as of the date
hereof, before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, other than as permitted by Section 4.2 of the Credit Agreement; and 

(B) no event has occurred and is continuing, or would result from such Proposed Borrowing or from the
application of the proceeds therefrom, that constitutes a Default or an Event of Default. 
  

	2 	 Such date shall be at least 15 Business Days from the date of delivery of the Notice of Incremental Term Loan Borrowing.

  
 N-2

 Concurrently with the delivery of this notice, Borrower has delivered to the
Administrative Agent the certificate of a Responsible Employee required by Section 2.14(a) of the Credit Agreement. 
 [The
remainder of this page is intentionally left blank.] 

  
 N-3

 
					
	Very truly yours,
	
	 AGCO CORPORATION, 
 a Delaware corporation

		
	 By:
	 	  

		 	 Name:
	 	
		 	 Title: 3
	 	

  

	3 	 Insert Acknowledgment signature block for Incremental Borrower if other than AGCO. 

  
 N-4

 Schedule C 
 AGCO CORPORATION 
 Debt Covenant Worksheet 

 

																					
	 EBITDA
	  	Proforma
31-Dec-10	 	 	Proforma
31-Mar-11	 	 	Proforma
30-Jun-11	 	 	Proforma
30-Sep-11	 	 	4 Qtrs ending
Q3-’11	 
	 Net Income AGCO
	  	$	85,246	  	 	$	79,947	  	 	$	133,691	  	 	$	84,471	  	 	$	383,355	  
	 GSI Adjusted EBIT
	  	 	(8,600	) 	 	 	16,700	  	 	 	37,500	  	 	 	30,600	  	 	 	76,200	  
	 Plus: GSI non recurring
	  	 	8,187	  	 	 	2,256	  	 	 	4,572	  	 	 	4,865	  	 	 	19,880	  
	 Less: Pro forma Interest Expense (not included above)
	  	 	(8,285	) 	 	 	(8,285	) 	 	 	(8,285	) 	 	 	(8,285	) 	 	 	(33,140	) 
	 Equity in net earnings of affiliates (net of dividends)
	  	 	10,554	  	 	 	(7,691	) 	 	 	(9,732	) 	 	 	(4,236	) 	 	 	(11,105	) 
	 AGCO Non-Recurring Charge (Income)
	  	 	1,124	  	 	 	178	  	 	 	(878	) 	 	 	—  	  	 	 	424	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Consolidated Net Income (adjusted)
	  	 	88,226	  	 	 	83,105	  	 	 	156,868	  	 	 	107,415	  	 	 	435,614	  
						
	 AGCO Provision for Income Taxes
	  	 	54,661	  	 	 	30,681	  	 	 	61,108	  	 	 	31,632	  	 	 	178,082	  
						
	 AGCO Interest Expense
	  	 	18,229	  	 	 	13,504	  	 	 	19,975	  	 	 	10,934	  	 	 	62,642	  
	 Proforma Interest
	  	 	8,285	  	 	 	8,285	  	 	 	8,285	  	 	 	8,285	  	 	 	33,140	  
	 AGCO Interest Income
	  	 	(8,648	) 	 	 	(8,016	) 	 	 	(7,484	) 	 	 	(7,864	) 	 	 	(32,012	) 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Consolidated Net Interest Expense
	  	 	17,866	  	 	 	13,773	  	 	 	20,776	  	 	 	11,355	  	 	 	63,770	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
						
	 AGCO EBIT
	  	 	160,753	  	 	 	127,559	  	 	 	238,752	  	 	 	150,402	  	 	 	677,466	  
						
	 AGCO Depreciation
	  	 	38,218	  	 	 	36,352	  	 	 	37,272	  	 	 	36,554	  	 	 	148,396	  
	 GSI Depr and Amortization
	  	 	7,200	  	 	 	7,200	  	 	 	7,300	  	 	 	6,700	  	 	 	28,400	  
	 AGCO Amortization
	  	 	4,613	  	 	 	4,391	  	 	 	4,875	  	 	 	4,793	  	 	 	18,672	  
	 AGCO Restricted Stock Compensation
	  	 	4,953	  	 	 	4,687	  	 	 	6,667	  	 	 	6,552	  	 	 	22,859	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total
	  	 	54,984	  	 	 	52,630	  	 	 	56,114	  	 	 	54,599	  	 	 	218,327	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
						
	 AGCO EBITDA
	  	$	215,737	  	 	$	180,189	  	 	$	294,866	  	 	$	205,001	  	 	$	895,793	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
						
	 Debt
	  	31-Dec-10	 	 	31-Mar-11	 	 	30-Jun-11	 	 	30-Sep-11	 	 	4 Qtrs ending
Q3-’11	 
	 Long Term Debt (excluding the Notes)
	  	 	83	  	 	 	6,540	  	 	 	—  	  	 	 	—  	  	 			
	 Current Portion of LTD
	  	 	63	  	 	 	956	  	 	 	1,038	  	 	 	955	  	 			
	 Other Indebtedness (Overdrafts, etc.)
	  	 	5,736	  	 	 	9,793	  	 	 	8,586	  	 	 	7,610	  	 			
	 Securitization
	  	 	113,865	  	 	 	94,853	  	 	 	150,653	  	 	 	78,594	  	 			
	 Euro Term Loan
	  	 	267,700	  	 	 	284,200	  	 	 	296,325	  	 	 	274,895	  	 			
	 Proforma Acquisition Debt
	  	 	957,000	  	 	 	957,000	  	 	 	957,000	  	 	 	957,000	  	 			
	 Subordinated Convertible Debt - 1.75%
	  	 	161,047	  	 	 	122,609	  	 	 	100,303	  	 	 	—  	  	 			
	 Subordinated Convertible Debt - 1.25%
	  	 	175,208	  	 	 	179,294	  	 	 	179,294	  	 	 	181,337	  	 			
	 Cash
	  	 	(719,894	) 	 	 	(314,276	) 	 	 	(573,132	) 	 	 	(455,182	) 	 			
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Net Debt
	  	$	960,808	  	 	$	1,340,969	  	 	$	1,120,067	  	 	$	1,045,209	  	 	$	1,116,763	  
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
						
	 Proforma Acquisition Interest Expense
	  				 				 				 				 			
	 New 400M 5.5% 10 year notes
	  	 	5,500	  	 	 	5,500	  	 	 	5,500	  	 	 	5,500	  	 			
	 557M Usage of new bank facility
	  	 	2,785	  	 	 	2,785	  	 	 	2,785	  	 	 	2,785	  	 			
	 Total Proforma Interest Expense
	  	 	8,285	  	 	 	8,285	  	 	 	8,285	  	 	 	8,285	  	 	 	33,140	  

 Schedule G 

Guarantors 
  

			
	 Guarantor
	  	 Obligations Guaranteed

	 AGCO Corporation (US)
	  	All Borrowing Subsidiaries
		
	 AGCO International Limited (UK)

AGCO International Holdings B.V. (Netherlands)
	  	All Borrowers not formed or organized under the laws of the United States of America or any state or jurisdiction thereof
		
	 Massey Ferguson Corp.

Midwest Merger Acquisition Company 1
 GSI Holdings, L.L.C. 2
 The GSI Group, LLC 2
	  	All Borrowers

  

	1 	 Midwest Merger Acquisition Company to merge with and into GSI Holdings Corp., with GSI Holdings Corp. surviving and assuming all obligations of
Midwest Merger Acquisition Company. 

	2 	 To join by Supplement to Domestic Subsidiary Guaranty Agreement, which will become effect immediately following Acquisition.

 Schedule M 

MANDATORY COST FORMULAE 
  

	1.	 On the first day of each Interest Period (or as soon as practicable thereafter), each Lender entitled to payment of additional interest under
Section 10.1(b)(ii) of the Credit Agreement shall calculate the amount of such additional interest, expressed as a percentage rate per annum for such Lender, in accordance with the paragraphs set out below (the “Additional
Cost Rate”). 

  

	2.	 The Additional Cost Rate (to the extent applicable) is an addition to the interest rate to compensate Lenders for the cost of compliance with:

  

	 	(a)	 the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any
of its functions); or 

  

	 	(b)	 the requirements of the European Central Bank. 

  

	3.	 The Additional Cost Rate for any Lender lending from an Applicable Lending Office in a Participating Member State will be the percentage notified by
that Lender to AGCO pursuant to Section 10.1(c) of the Credit Agreement. This percentage will be certified by such Lender in its notice to AGCO delivered pursuant to Section 10.1(c) of the Credit Agreement as the cost (expressed as a
percentage of such Lender’s participation in all Loans made from such Applicable Lending Office) of complying with the minimum reserve requirements of the European Central Bank in respect of Loans made from that Applicable Lending Office.

  

	4.	 The Additional Cost Rate for any Lender lending from an Applicable Lending Office in the United Kingdom will be calculated by such Lender as
follows: 

  

	 	(a)	 in relation to any Loan in Sterling: 

  

							
		 	AB+C(B-D)+E x 0.01	 	 per cent per annum
	  	
		 	100 - (A+C)	 	  	

  

	 	(b)	 in relation to any Loan in any currency other than Sterling: 

 

							
		 	 E x 0.01
	 	per cent per annum	  	
		 	300	 	  	

 Where: 
  

	 	“A”	 is the percentage of Eligible Liabilities (assuming these to be in excess of any stated minimum) which such Lender is from time to time required to
maintain as an interest free cash ratio deposit with the Bank of England to comply with cash ratio requirements. 

  
 - 1 -

	 	“B”	 is the percentage rate of interest (excluding the Applicable Margin, the Additional Cost Rate and any interest charged on overdue amounts pursuant
to Section 2.5(c) and, in the case of interest (other than on overdue amounts) charged at the Default Rate, without counting any increase in interest rate effected by the charging of the Default Rate) payable for the relevant Interest
Period of such Loan. 

  

	 	“C”	 is the percentage (if any) of Eligible Liabilities which such Lender is required from time to time to maintain as interest bearing Special Deposits
with the Bank of England. 

  

	 	“D”	 is the percentage rate per annum payable by the Bank of England to such Lender on interest bearing Special Deposits. 

 

	 	“E”	 is the rate of charge payable by such Lender to the Financial Services Authority pursuant to the Fees Regulations in respect of the relevant
financial year of the Financial Services Authority (calculated for this purpose by such Lender as being the average of the Fee Tariffs applicable to such Lender for that financial year) and expressed in pounds per £1,000,000 of the Tariff Base
of such Lender. 

  

	5.	 For the purposes of this Schedule: 

  

	 	(a)	 “Eligible Liabilities” and “Special Deposits” have the meanings given to them from time to time
under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England; 

  

	 	(b)	 “Fees Regulations” means the Financial Services Authority Fees Manual or such other law or regulation as may be in force
from time to time in respect of the payment of fees for the acceptance of deposits; 

  

	 	(c)	 “Fee Tariffs” means the fee tariffs specified in the Fees Regulations under the activity group A.1 Deposit acceptors
(ignoring any minimum fee or zero rated fee required pursuant to the Fees Regulations but taking into account any applicable discount rate); and 

  

	 	(d)	 “Tariff Base” has the meaning given to it in, and will be calculated in accordance with, the Fees Regulations.

  

	6.	 In application of the above formulae, A, B, C and D will be included in the formulae as percentages (i.e. 5% will be included in the formula
as 5 and not as 0.05). A negative result obtained by subtracting D from B shall be taken as zero. The resulting figures shall be rounded to four decimal places. 

 

	7.	 Each Lender shall supply any information required by the Administrative Agent or AGCO regarding such Lender’s Additional Cost Rate, the
circumstances giving rise to the Additional Cost Rate, and setting out in reasonable detail the calculation thereof. Each Lender shall promptly notify the Administrative Agent in writing of any change to the information provided by it pursuant to
this paragraph. 

  
 - 2 -

	8.	 Any determination by a Lender pursuant to this Schedule in relation to a formula, the Additional Cost Rate or any amount payable to such Lender
shall, in the absence of manifest error, be conclusive and binding on all parties hereto. 

  

	9.	 The Administrative Agent may from time to time, after consultation with the AGCO and the Lenders, determine and notify to all parties any amendments
which are required to be made to this Schedule in order to comply with any change in law, regulation or any requirements from time to time imposed by the Bank of England, the Financial Services Authority or the European Central Bank (or, in any
case, any other authority which replaces all or any of its functions) and any such determination shall, in the absence of manifest error, be conclusive and binding on all parties hereto. 

  
 - 3 -

 Schedule 2.10 

Existing Letters of Credit 
  

															
	 LC Number
	  	LC
Amount	 	  	LC
Issuer	  	 Beneficiary
	  	LC
Expiry
Date	  	Evergreen
Option	  	Sby/Import
	 SB14289
	  	$	15,000	  	  	Rabobank	  	Arrowood	  	10/1/12	  	Yes	  	Sby
	 F501163
	  	$	91,862	  	  	SunTrust	  	Reliance Insurance Company	  	10/1/12	  	Yes	  	Sby
	 F503008
	  	$	35,000	  	  	SunTrust	  	 Federal Insurance Company
 Risk Management Services
	  	9/9/12	  	Yes	  	Sby
	 F841166
	  	$	9,821,487	  	  	SunTrust	  	Royal Bank of Canada	  	5/2/12	  	Yes	  	Sby
	 SM206059W
	  	$	4,824,000	  	  	Wells Fargo	  	Liberty Mutual Insurance Company	  	12/1/12	  	Yes	  	Sby

 Schedule 4.1(b) 

Subsidiaries 
  

									
	 Subsidiary
	  	Percentage of
Outstanding Shares
Owned by AGCO	 	 	
Jurisdiction of
Incorporation/Formation
	  	
Direct or
Indirect
Subsidiary of
AGCO

	 Material Subsidiaries
	  				 		  	
	 Massey Ferguson Corp.
	  	 	100	% 	 	Delaware	  	Direct
	 AGCO International Limited
	  	 	100	% 	 	United Kingdom	  	Indirect
	 AGCO Manufacturing Ltd.
	  	 	100	% 	 	United Kingdom	  	Indirect
	 AGCO Ltd.
	  	 	100	% 	 	United Kingdom	  	Indirect
	 AGCO GmbH
	  	 	100	% 	 	Germany	  	Indirect
	 Valtra Deutschland GmbH
	  	 	100	% 	 	Germany	  	Indirect
	 AGCO France SA
	  	 	100	% 	 	France	  	Indirect
	 AGCO SA
	  	 	100	% 	 	France	  	Indirect
	 AGCO Holding BV
	  	 	100	% 	 	Netherlands	  	Indirect
	 AGCO International Holdings BV
	  	 	100	% 	 	Netherlands	  	Indirect
	 AGCO International GmbH
	  	 	100	% 	 	Switzerland	  	Indirect
	 Valtra OY AB
	  	 	100	% 	 	Finland	  	Indirect
	 AGCO do Brazil Commercio e Industria Ltda.
	  	 	100	% 	 	Brazil	  	Indirect
	 Valtra do Brazil Ltda.
	  	 	100	% 	 	Brazil	  	Indirect
	 GSI Holdings Corp.1
	  	 	100	% 	 	Delaware	  	Direct
	 Midwest Merger Acquisition Company2
	  	 	100	% 	 	Delaware	  	Direct
	 GSI Holdings L.L.C.3
	  	 	100	% 	 	Delaware	  	Indirect
	 The GSI Group, LLC4
	  	 	100	% 	 	Delaware	  	Indirect
	 Non-Material Subsidiaries
	  				 		  	
	 Sparex, Inc.
	  	 	100	% 	 	United States	  	Direct
	 AGCO Funding Corporation
	  	 	100	% 	 	Delaware	  	Direct
	 AGCO Jackson Assembly Company
	  	 	100	% 	 	Delaware	  	Direct

 

	1 	 After giving effect to the Acquisition. 

	2 	 To be merged into GSI Holdings Corp. on Agreement Date with GSI Holdings Corp. surviving. 

	3 	 After giving effect to the Acquisition. 

	4 	 After giving effect to the Acquisition. 

 Schedule 4.1(l) 

ERISA Matters 
 None. 

 Schedule 9.6 

Voting Participant 
  

									
	Participant Under CoBank	  	Revolver	 	  	Term	 
	 AgFirst Farm Credit Bank
	  	$	18,000,000	  	  	$	12,000,000	  
	 Farm Credit Bank of Texas
	  	 	15,000,000	  	  	 	10,000,000	  
	 Farm Credit Services of America, FLCA
	  	 	15,000,000	  	  	 	10,000,000	  
	 United FCS, FLCA dba FCS Commercial Finance Group
	  	 	15,000,000	  	  	 	10,000,000	  
	 1st Farm Credit Services, FLCA
	  	 	13,500,000	  	  	 	9,000,000	  
	 Farm Credit Services of Mid-America, FLCA
	  	 	13,500,000	  	  	 	9,000,000	  
	 Farm Credit West
	  	 	9,000,000	  	  	 	6,000,000	  
	 Northwest Farm Credit Services, FLCA
	  	 	9,000,000	  	  	 	6,000,000	  
	 FCS Financial, FLCA
	  	 	6,000,000	  	  	 	4,000,000	  
	 Badgerland Financial, FLCA
	  	 	6,000,000	  	  	 	4,000,000	  
	 Farm Credit Services of the Mountain Plains, FLCA
	  	 	4,500,000	  	  	 	3,000,000	  
	 AgChoice Farm Credit, FLCA
	  	 	3,000,000	  	  	 	2,000,000	  

									
	 Subsidiary
	  	Percentage of
Outstanding Shares
Owned by AGCO	 	 	
Jurisdiction of
Incorporation/Formation
	  	
Direct or
Indirect
Subsidiary of
AGCO

	 Export Market Services LLC
	  	 	100	% 	 	Georgia	  	Direct
	 Prestadora de Servicios Mexicana del Bajio, SA de CV
	  	 	100	% 	 	Mexico	  	Indirect
	 AGCO Deutschland Holding Limited & Co. KG
	  	 	100	% 	 	Germany	  	Indirect
	 AGCO Canada Ltd.
	  	 	100	% 	 	Canada	  	Indirect
	 Valtra International BV
	  	 	100	% 	 	Netherlands	  	Indirect
	 AGCO Mexico S de RL de CV
	  	 	100	% 	 	Mexico	  	Indirect
	 Valtractores Mexico SA de CV
	  	 	100	% 	 	Mexico	  	Indirect
	 AGCO Holdings (Hong Kong) Ltd
	  	 	100	% 	 	Hong Kong	  	Indirect
	 MF Tarim Makineleri Ltd.
	  	 	100	% 	 	Turkey	  	Indirect
	 AGCO Hungary Kft
	  	 	100	% 	 	Hungary	  	Indirect
	 AGCO Hohenmolsen GmbH
	  	 	100	% 	 	Germany	  	Indirect
	 AGCO Genpower (Shanghai) Co. Limited
	  	 	100	% 	 	China	  	Indirect
	 AGCO (DO) Agricultural Machinery Co. Ltd.
	  	 	100	% 	 	China	  	Indirect
	 AGCO (Daging) Agricultural Machinery Co., Ltd.
	  	 	100	% 	 	China	  	Indirect
	 AGCO Funding Company
	  	 	100	% 	 	United Kingdom	  	Indirect
	 AGCO Services Ltd.
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Ag-Chem (UK) Limited.
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Valtra Tractors (UK) Ltd.
	  	 	100	% 	 	United Kingdom	  	Indirect
	 AGCO Machinery Ltd
	  	 	100	% 	 	United Kingdom	  	Indirect
	 AGCO Machinery LLC
	  	 	100	% 	 	Russia	  	Indirect
	 AGCO Pension Trust Ltd.5
	  	 	100	% 	 	United Kingdom	  	Indirect

 

	5 	 Inactive entity. 

									
	 Subsidiary
	  	Percentage of
Outstanding Shares
Owned by AGCO	 	 	
Jurisdiction of
Incorporation/Formation
	  	
Direct or
Indirect
Subsidiary of
AGCO

	 Massey Ferguson Works Pension Trust Ltd.6
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Massey Ferguson Executive Pension Trust Ltd.7
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Massey Ferguson Staff Pension Trust Ltd.8
	  	 	100	% 	 	United Kingdom	  	Indirect
	 AGCO Italia SpA
	  	 	100	% 	 	Italy	  	Indirect
	 Valtractor Comercio de Tractores e Maquinas Agricolas SA
	  	 	100	% 	 	Portugal	  	Indirect
	 Valtra GesmbH
	  	 	100	% 	 	Austria	  	Indirect
	 AGCO SPZOO
	  	 	100	% 	 	Poland	  	Indirect
	 Beijing AGCO Trading Co., Ltd.
	  	 	100	% 	 	China	  	Indirect
	 AGCO A/S
	  	 	100	% 	 	Denmark	  	Indirect
	 AGCO Denmark A/S
	  	 	100	% 	 	Denmark	  	Indirect
	 AGCO Netherlands BV
	  	 	100	% 	 	Netherlands	  	Indirect
	 Ag-Chem Europe Industrial Equipment BV
	  	 	100	% 	 	Netherlands	  	Indirect
	 Ag-Chem Europe Fertilizer Equipment BV
	  	 	100	% 	 	Netherlands	  	Indirect
	 Farmec SpA
	  	 	100	% 	 	Italy	  	Indirect
	 AGCO Iberia SA
	  	 	100	% 	 	Spain	  	Indirect
	 Eikmaskin AS
	  	 	100	% 	 	Norway	  	Indirect
	 AGCO Australia, Ltd.
	  	 	100	% 	 	Australia	  	Indirect
	 AGCO Distribution SAS
	  	 	100	% 	 	France	  	Indirect
	 AGCO AB
	  	 	100	% 	 	Sweden	  	Indirect
	 AGCO Sisu Power Voukraus Inc.
	  	 	100	% 	 	Finland	  	Indirect
	 AGCO Deutschland GmbH
	  	 	100	% 	 	Germany	  	Indirect
	 Fendt GmbH
	  	 	100	% 	 	Germany	  	Indirect
	 Fendt Italiana GmbH
	  	 	100	% 	 	Italy	  	Indirect
	 AGCO Argentina SA
	  	 	100	% 	 	Argentina	  	Indirect
	 Indamo SA
	  	 	100	% 	 	Argentina	  	Indirect
	 Tecnoagro Maquinas Agricolas Ltda.
	  	 	100	% 	 	Brazil	  	Indirect

 

	6 	 Inactive entity. 

	7 	 Inactive entity. 

	8 	 Inactive entity. 

									
	 Subsidiary
	  	Percentage of
Outstanding Shares
Owned by AGCO	 	 	
Jurisdiction of
Incorporation/Formation
	  	
Direct or
Indirect
Subsidiary of
AGCO

	 AGCO Participacoes Ltda
	  	 	100	% 	 	Brazil	  	Indirect
	 AGCO Implementos Ltda.
	  	 	100	% 	 	Brazil	  	Indirect
	 Sparex Holding Limited
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Anglehawk Limited
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Sparex Limited
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Sparex Australia Pty Limited
	  	 	100	% 	 	Australia	  	Indirect
	 Sparex Agparts Pty Limited
	  	 	100	% 	 	Australia	  	Indirect
	 Sparex Maschinenzubehor Handelssgesellschaft GmbH
	  	 	100	% 	 	Austria	  	Indirect
	 Sparex ApS
	  	 	100	% 	 	Denmark	  	Indirect
	 Sparex S.A.R.L.
	  	 	100	% 	 	France	  	Indirect
	 Sparex Handels-und Vertriebs GmbH
	  	 	100	% 	 	Germany	  	Indirect
	 Sparex Limited Vestiging Holland BV
	  	 	100	% 	 	Netherlands	  	Indirect
	 Sparex (Tractor Accessories) Limited
	  	 	100	% 	 	Ireland	  	Indirect
	 Sparex Polska Sp. Z.o.o.
	  	 	100	% 	 	Poland	  	Indirect
	 Sparex Agrirepuestos SL (Spain)
	  	 	100	% 	 	Spain	  	Indirect
	 Sparex International Limited
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Spenco Engineering Company Limited
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Sparex Belgium BVBA
	  	 	100	% 	 	Belgium	  	Indirect
	 Sparex Canada Limited
	  	 	100	% 	 	Canada	  	Indirect
	 Sparex Mexicana S.A. de C.V.
	  	 	100	% 	 	Mexico	  	Indirect
	 Sparex Distributors New Zealand Limited
	  	 	100	% 	 	New Zealand	  	Indirect
	 Sparex Portugal Importacao e Comercio de Pecas Lda
	  	 	100	% 	 	Portugal	  	Indirect
	 Sparex AB
	  	 	100	% 	 	Sweden	  	Indirect

									
	 Subsidiary
	  	Percentage of
Outstanding Shares
Owned by AGCO	 	 	
Jurisdiction of
Incorporation/Formation
	  	
Direct or
Indirect
Subsidiary of
AGCO

	 Sparex (Proprietary) Limited
	  	 	100	% 	 	South Africa	  	Indirect
	 AGCO Vertriebs GmbH
	  	 	100	% 	 	Germany	  	Indirect
	 Valtra Vertriebs GmbH
	  	 	100	% 	 	Germany	  	Indirect
	 Valtra Norge AS
	  	 	100	% 	 	Norway	  	Indirect
	 AGCO Sisu Power Inc.
	  	 	100	% 	 	Finland	  	Indirect
	 Valtra Vuokraus Oy
	  	 	100	% 	 	Finland	  	Indirect
	 AGCO Receivables Ltd.
	  	 	100	% 	 	United Kingdom	  	Indirect
	 Fendt Immobilien GmbH & Co. KG
	  	 	94.9	% 	 	Germany	  	Indirect
	 GSI Group Africa (Prop) Ltd9
	  	 	100	% 	 	South Africa	  	Indirect
	 Assumption Leasing Company, Inc.10
	  	 	100	% 	 	Illinois	  	Indirect
	 The GSI Group Canada Co.11
	  	 	100	% 	 	Canada	  	Indirect
	 The GSI Asia Group Sdn. Bhd12
	  	 	100	% 	 	Malaysia	  	Indirect
	 Cumberland Sales & Services Sdn Bhd13
	  	 	100	% 	 	Malaysia	  	Indirect
	 Hired Hand Technologies Asia Sdn Bhd14
	  	 	100	% 	 	Malaysia	  	Indirect
	 The GSI Group Trading (Shanghai) Co., Ltd15
	  	 	100	% 	 	China	  	Indirect
	 The GSI Agricultural Equipments (Shanghai) Co., Ltd16
	  	 	100	% 	 	China	  	Indirect
	 Suzhou GSI Co., Ltd.17
	  	 	100	% 	 	China	  	Indirect
	 GSI Electronique Inc.18
	  	 	100	% 	 	Canada	  	Indirect
	 GSI Brasil Industria e Comercio de Equipamentos Agropecuarios Ltd19
	  	 	100	% 	 	Brazil	  	Indirect

 

	9 	 After giving effect to the Acquisition 

	10 	 After giving effect to the Acquisition 

	11 	 After giving effect to the Acquisition 

	12 	 After giving effect to the Acquisition 

	13 	 After giving effect to the Acquisition 

	14 	 After giving effect to the Acquisition 

	15 	 After giving effect to the Acquisition 

	16 	 After giving effect to the Acquisition 

	17 	 After giving effect to the Acquisition 

	18 	 After giving effect to the Acquisition 

	19 	 After giving effect to the Acquisition 

									
	 Subsidiary
	  	Percentage of
Outstanding Shares
Owned by AGCO	 	 	
Jurisdiction of
Incorporation/Formation
	  	
Direct or
Indirect
Subsidiary of
AGCO

	 GSI Cumberland De Mexico, S. De RL De CV20
	  	 	100	% 	 	Mexico	  	Indirect
	 GSI Cumberland De Mexico Servicios, SA De CV21
	  	 	100	% 	 	Mexico	  	Indirect
	 Shanghai GSI Agriculture Equipment Co., Ltd.22
	  	 	100	% 	 	China	  	Indirect

  

	20 	 After giving effect to the Acquisition 

	21 	 After giving effect to the Acquisition 

	22 	 After giving effect to the AcquisitionExhibit 10.1

 Exhibit 10.1 
 EXECUTION COPY 
 EMPLOYEE MATTERS AGREEMENT 

by and among 
 ENTERGY CORPORATION, 
 MID SOUTH TRANSCO LLC 

and 

ITC HOLDINGS CORP. 
 dated as of 
 December 4, 2011 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I DEFINITIONS AND INTERPRETATION
	  	 	2	  
	 Section 1.1
	 	Definitions	  	 	2	  
			
	 Section 1.2
	 	References; Interpretation	  	 	10	  
			
	 Section 1.3
	 	Relation to Other Documents	  	 	10	  
		
	ARTICLE II GENERAL PRINCIPLES	  	 	10	  
	 Section 2.1
	 	Assumption and Retention of Liabilities; Related Assets	  	 	10	  
			
	 Section 2.2
	 	Treatment of Compensation and Benefit Arrangements	  	 	12	  
			
	 Section 2.3
	 	Participation in Entergy Benefit Arrangements	  	 	12	  
			
	 Section 2.4
	 	Service Recognition	  	 	12	  
			
	 Section 2.5
	 	Collective Bargaining Agreements	  	 	13	  
			
	 Section 2.6
	 	No Acceleration of Benefits	  	 	14	  
			
	 Section 2.7
	 	Amendment Authority	  	 	14	  
			
	 Section 2.8
	 	No Commitment to Employment or Benefits	  	 	14	  
			
	 Section 2.9
	 	Certain Employment Transfers	  	 	14	  
			
	 Section 2.10
	 	Identification of Retained/TransCo Employees	  	 	14	  
		
	 ARTICLE III QUALIFIED DEFINED BENEFIT PLANS
	  	 	15	  
	 Section 3.1
	 	Participation of TransCo in the Entergy Retirement Plan	  	 	15	  
			
	 Section 3.2
	 	Retirement Plan	  	 	15	  
		
	 ARTICLE IV QUALIFIED DEFINED CONTRIBUTION PLANS
	  	 	16	  
	 Section 4.1
	 	Participation of TransCo in the Entergy Savings Plan; Vesting	  	 	16	  
			
	 Section 4.2
	 	ITC Savings Plan	  	 	16	  
			
	 Section 4.3
	 	Transfer of Plan Assets and Liabilities	  	 	16	  
			
	 Section 4.4
	 	Stock Considerations	  	 	17	  
		
	 ARTICLE V HEALTH AND WELFARE PLANS
	  	 	17	  
	 Section 5.1
	 	Health and Welfare Plan Participation	  	 	17	  
			
	 Section 5.2
	 	ITC Retiree Welfare Benefits	  	 	17	  
			
	 Section 5.3
	 	Reimbursement Account Plans	  	 	19	  
			
	 Section 5.4
	 	Certain Liabilities	  	 	20	  
			
	 Section 5.5
	 	Time-Off Benefits	  	 	20	  
		
	 ARTICLE VI EXECUTIVE BENEFIT PLANS
	  	 	21	  
	 Section 6.1
	 	Non-Qualified Deferred Compensation Plans	  	 	21	  
			
	 Section 6.2
	 	Separation is Not Distributable Event	  	 	21	  
			
	 Section 6.3
	 	No Transfer of Assets Attributable to Entergy NQDCP	  	 	21	  
		
	 ARTICLE VII EQUITY INCENTIVE AWARDS
	  	 	21	  
	 Section 7.1
	 	Treatment of Outstanding Entergy Options	  	 	21	  

  
 i 

							
	 Section 7.2
	 	Treatment of Outstanding Entergy Restricted Stock	  	 	22	  
			
	 Section 7.3
	 	Treatment of Outstanding Entergy Restricted Stock Units	  	 	22	  
			
	 Section 7.4
	 	SEC Registration	  	 	22	  
			
	 Section 7.5
	 	Savings Clause	  	 	22	  
		
	 ARTICLE VIII ADDITIONAL COMPENSATION MATTERS
	  	 	22	  
	 Section 8.1
	 	Workers’ Compensation Liabilities	  	 	22	  
			
	 Section 8.2
	 	Code Sections 162(m)/409A	  	 	23	  
			
	 Section 8.3
	 	Certain Payroll, Annual and Long-Term Bonus Matters	  	 	23	  
		
	 ARTICLE IX INDEMNIFICATION
	  	 	24	  
	 Section 9.1
	 	Indemnification by the Parties	  	 	24	  
			
	 Section 9.2
	 	Procedures for Indemnification	  	 	24	  
			
	 Section 9.3
	 	Indemnification Obligations Net of Proceeds Received from Third Parties	  	 	26	  
			
	 Section 9.4
	 	Certain Actions; Substitution; Subrogation	  	 	27	  
			
	 Section 9.5
	 	Payments	  	 	28	  
		
	 ARTICLE X GENERAL AND ADMINISTRATIVE
	  	 	28	  
	 Section 10.1
	 	Sharing of Information	  	 	28	  
			
	 Section 10.2
	 	Reasonable Efforts/Cooperation	  	 	28	  
			
	 Section 10.3
	 	Employer Rights	  	 	29	  
			
	 Section 10.4
	 	Effect on Employment	  	 	29	  
			
	 Section 10.5
	 	Consent of Third Parties	  	 	29	  
			
	 Section 10.6
	 	Access to Employees	  	 	29	  
			
	 Section 10.7
	 	Beneficiary Designation/Release of Information/Right to Reimbursement	  	 	29	  
		
	 ARTICLE XI MISCELLANEOUS
	  	 	30	  
	 Section 11.1
	 	Entire Agreement	  	 	30	  
			
	 Section 11.2
	 	Governing Law	  	 	30	  
			
	 Section 11.3
	 	Specific Performance; Jurisdiction	  	 	30	  
			
	 Section 11.4
	 	Waiver of Jury Trial	  	 	31	  
			
	 Section 11.5
	 	Notices	  	 	31	  
			
	 Section 11.6
	 	Amendments and Waivers	  	 	33	  
			
	 Section 11.7
	 	Termination	  	 	33	  
			
	 Section 11.8
	 	No Third-Party Beneficiaries	  	 	33	  
			
	 Section 11.9
	 	Assignability; Binding Effect	  	 	33	  
			
	 Section 11.10
	 	Construction; Interpretation	  	 	34	  
			
	 Section 11.11
	 	Severability	  	 	34	  
			
	 Section 11.12
	 	Counterparts	  	 	34	  

  
 ii 

							
	 Section 11.13
	 	Relationship of Parties	  	 	34	  
			
	 Section 11.14
	 	Subsidiaries	  	 	35	  
			
	 Section 11.15
	 	Dispute Resolution	  	 	35	  

 Exhibits 
  

			
	Exhibit A	  	Retained Employees
	Exhibit B	  	Transmission Business Employees
	Exhibit C	  	Certain Nonqualified Plan Participants
	Exhibit 5.2(b)(ii)	  	VEBA Transfer Assumptions

 Schedules 
  

			
	Schedule A	  	Certain Collective Bargaining Agreements
	Schedule B	  	Severance Formula

  
 iii

 EMPLOYEE MATTERS AGREEMENT 

This Employee Matters Agreement (this “Agreement”) is dated as of December 4, 2011 among Entergy Corporation, a
Delaware corporation (“Entergy”), Mid South TransCo LLC, a Delaware limited liability company and presently a wholly owned Subsidiary of Entergy (“TransCo”), and ITC Holdings Corp., a Michigan corporation
(“ITC”). Each of Entergy, TransCo and ITC is herein referred to as a “Party” and together, as “Parties”. 
 R E C I T A L S: 
 WHEREAS, Entergy is engaged, through Utility OpCos, in
the Transmission Business; 
 WHEREAS, the Board of Directors of Entergy has determined that it is advisable and in the best
interests of Entergy and Entergy’s shareholders to separate the Transmission Business from Entergy and to divest the Transmission Business in the manner contemplated by the Separation Agreement, dated as of the date hereof (the
“Separation Agreement”), among Entergy, TransCo, and the other parties thereto and the Merger Agreement, dated as of the date hereof (the “Merger Agreement”), among Entergy, TransCo, ITC and Ibis Transaction
Subsidiary LLC, a Delaware limited liability company and a direct wholly owned Subsidiary of ITC (“Merger Sub”); 
 WHEREAS, Entergy has caused TransCo to be formed in order to facilitate such separation and divestiture; 
 WHEREAS, Entergy currently owns all of the common units representing limited liability company membership interests of TransCo (the “TransCo Common Units”); 

WHEREAS, pursuant to the Merger Agreement, immediately after the Distribution and at the Effective Time, Merger Sub shall be merged (the
“Merger”) with and into TransCo, with TransCo surviving the Merger as a wholly owned subsidiary of ITC and the TransCo Common Units shall be converted into the right to receive shares of common stock of ITC on the terms and subject
to the conditions of the Merger Agreement and in accordance with the Delaware Limited Liability Company Act; 
 WHEREAS,
pursuant to the Separation Agreement, Entergy and TransCo have agreed to enter into this Agreement for the purpose of allocating Assets, Liabilities and responsibilities with respect to certain employee matters and employee compensation and benefit
plans and programs between and among them and to address certain other employment-related matters. 

 NOW, THEREFORE, in consideration of the foregoing and the representations, warranties and
covenants and agreements contained herein, and intending to be legally bound hereby, the Parties agree as follows: 
 ARTICLE
I 
 DEFINITIONS AND INTERPRETATION 
 Section 1.1 Definitions. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Separation Agreement and the following terms shall have the
following meanings: 
 “Action” means any demand, charge, claim, action, suit, counter suit, arbitration,
mediation, hearing, inquiry, proceeding, audit, review, complaint, litigation or investigation, or proceeding of any nature whether administrative, civil, criminal, regulatory or otherwise, by or before any federal, state, local, foreign or
international Governmental Authority or any arbitration or mediation tribunal. 
 “Actuary” means, when
immediately preceded by “Entergy,” the actuary retained by Entergy in respect of the Entergy OPEB Plan and means, when immediately preceded by “ITC,” the actuary retained by ITC in respect of the ITC OPEB Plan. 

“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or
under common control with such other Person as of the date on which, or at any time during the period for which, the determination of affiliation is being made. For purposes of this definition, the term “control” (including, with
correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Person, whether through the ownership of voting securities, by Contract or otherwise. 

“Agreement” has the meaning set forth in the preamble. 

“Benefit Arrangement” means each Benefit Plan and Benefit Policy. 

“Benefit Plan” means, with respect to an entity, each compensation or employee benefit plan, program, policy, agreement
or other arrangement, whether or not “employee benefit plans” (within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA), including any benefit plan, program, policy, agreement or arrangement providing cash- or
equity-based compensation or incentives, health, medical, dental, vision, disability, accident or life insurance benefits or vacation, severance, retention, change in control, termination, deferred compensation, individual employment or consulting,
retirement, pension or savings benefits, supplemental income, retiree benefit, relocation or other fringe benefit (whether or not taxable), or employee loans, that are sponsored or maintained by such entity (or to which such entity contributes or is
required to contribute or in which it participates), and excluding workers’ compensation plans, policies, programs and arrangements. 
 “Benefit Policy” means, with respect to an entity, each plan, program, arrangement, agreement or commitment that is a vacation pay or other paid or unpaid leave policy or practice
sponsored or maintained by such entity (or to which such entity contributes or is required to contribute) or in which it participates. 

  
 2 

 “Business Day” means any day that is not a Saturday, a Sunday or other day
that is a statutory holiday under the federal Laws of the United States. In the event that any action is required or permitted to be taken under this Agreement on or by a date that is not a Business Day, such action may be taken on or by the
Business Day immediately following such date. 
 “Closing” has the meaning given to such term in the Merger
Agreement. 
 “Closing Date” has the meaning given to such term in the Merger Agreement. 

“COBRA” means the continuation coverage requirements for “group health plans” under Title X of the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and as codified in Code Section 4980B and Sections 601 through 608 of ERISA, together with all regulations and proposed regulations promulgated thereunder. 

“Code” means the United States Internal Revenue Code of 1986 (or any successor statute), as amended from time to time.

 “Collective Bargaining Agreement” means all agreements with the collective bargaining representatives of
TransCo Employees that set forth the terms and conditions of employment of TransCo Employees, and all modifications of, or amendments to, such agreements and any rules, procedures, awards or decisions of competent jurisdiction interpreting or
applying such agreements, including the collective bargaining agreements set forth on Schedule A. 

“Consents” means any consents, waivers or approvals from, or notification requirements to, or authorizations by, any
third parties. 
 “Contract” means any legally binding written or oral agreement, contract, subcontract, lease,
understanding, instrument, note, option, warranty, sales order, purchase order, license, sublicense, insurance policy, benefit plan or commitment or undertaking of any nature, excluding any Permit. 

“Distribution” has the meaning given to such term in the Merger Agreement. 

“Distribution Date” has the meaning given to such term in the Separation Agreement. 

“Effective Time” has the meaning given to such term in the Merger Agreement. 

“Employment Taxes” means any federal, state, local or foreign Taxes, charges, fees, duties, levies, imposts, rates or
other assessments or obligations imposed on, due or asserted to be due from (i) employees or deemed employees of the Entergy Group or employees or deemed employees of the TransCo Group or (ii) the Entergy Group or the TransCo Group as
employers or deemed employers of such employees, including employers’ and employees’ portions of Federal Insurance Contributions Act (“FICA”) Taxes, employers’ Federal Unemployment Tax Act (“FUTA”) taxes and state
and local unemployment insurance taxes (“SUTA”), and employers’ withholding, reporting and remitting obligations with respect to any such Taxes or employees’ federal, state and local income taxes that are imposed on or due from
employees or deemed employees of the Entergy Group or the TransCo Group. 

  
 3 

 “Employment Tax Return” means any return, report, certificate, form or
similar statement or document (including any related or supporting information or schedule attached thereto and any information return, amended tax return, claim for refund or declaration of estimated Employment Tax) required to be supplied to, or
filed with, a Tax authority in connection with the determination, assessment or collection of any Employment Tax or the administration of any laws, regulations or administrative requirements relating to any Employment Tax (whether or not a payment
is required to be made with respect to such filing). 
 “Entergy” has the meaning given to such term in the
preamble. 
 “Entergy Bargaining Retirement Plan” means the Entergy Corporation Retirement Plan for Bargaining
Employees. 
 “Entergy Benefit Arrangement” means any Benefit Arrangement sponsored, maintained or contributed
to by any member of the Entergy Group or any ERISA Affiliate thereof. 
 “Entergy Common Stock” means the
issued and outstanding shares of common stock, par value $0.01 per share, of Entergy. 
 “Entergy Group” means
Entergy and each of its Subsidiaries, but excluding any member of the TransCo Group. 
 “Entergy Indemnitees”
means Entergy, each member of the Entergy Group, and all Persons who are or have been shareholders, directors, partners, managers, managing members, officers, agents or employees of any member of the Entergy Group (in each case, in their respective
capacities as such) (excluding any shareholder of Entergy), together with their respective heirs, executors, administrators, successors and assigns. 
 “Entergy Nonbargaining Retirement Plan” means the Entergy Corporation Retirement Plan for Nonbargaining Employees. 

“Entergy NQDCP” means, collectively, the Pension Equalization Plan of Entergy Corporation and Subsidiaries, the
System Executive Retirement Plan of Entergy Corporation and Subsidiaries and the Supplemental Retirement Plan of Entergy Corporation and Subsidiaries. 
 “Entergy Option” means an option to purchase shares of Entergy Common Stock granted pursuant to one of the Entergy Stock Plans and held by a TransCo Employee as of immediately before the
Closing Date. 
 “Entergy Reimbursement Account Plan” has the meaning set forth in Section 5.3.

 “Entergy Restricted Share” means a share of Entergy Common Stock granted by Entergy or one of its Affiliates
pursuant to one of the Entergy Stock Plans that as of immediately before the Closing Date is subject to forfeiture based on the extent of attainment of a vesting requirement and held by a TransCo Employee as of immediately before the Closing Date.

  
 4 

 “Entergy Restricted Stock Unit” means a unit granted by Entergy or one of
its Affiliates pursuant to one of the Entergy Stock Plans representing a general unsecured promise by Entergy or one of its Affiliates to deliver a share of Entergy Common Stock and/or dividend equivalents, if applicable (or the cash equivalent of
either), upon the satisfaction of a vesting requirement and held by a TransCo Employee as of immediately before the Closing Date. 
 “Entergy Retirement Plan” means the Entergy Bargaining Retirement Plan and the Entergy Nonbargaining Retirement Plan. 

“Entergy Savings Plan” means the Savings Plan of Entergy Corporation and Subsidiaries and any other Benefit Plan
maintained by any member of the Entergy Group in which TransCo Employees participate immediately before the Distribution Date and that is intended to satisfy the requirements of Sections 401(a) and 401(k) of the Code. 

“Entergy Stock Plans” means, collectively, the 2011 Equity Ownership and Long Term Cash Incentive Plan of Entergy
Corporation and Subsidiaries, the 2007 Equity Ownership and Long Term Cash Incentive Plan of Entergy Corporation and Subsidiaries, the 1998 Equity Ownership Plan of Entergy Corporation and Subsidiaries, and the Entergy Corporation and Subsidiaries
Equity Awards Plan. 
 “Entergy Welfare Plans” means any employee welfare benefit plan maintained by Entergy or
any member of the Entergy Group and in which TransCo Employees participate. 
 “Equity Exchange Ratio” means
the quotient of (i) the per share closing trading price of Entergy Common Stock trading on the “regular way” basis on the New York Stock Exchange on the day before the Distribution Date and (ii) the per share closing trading
price of ITC Common Stock trading on the “regular way” basis on the New York Stock Exchange on the Closing Date. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“ERISA Affiliate” means with respect to any Person, each business or entity which is a member of a “controlled
group of corporations,” under “common control” or a member of an “affiliated service group” with such Person within the meaning of Sections 414(b), (c) or (m) of the Code, or required to be aggregated with such
Person under Section 414(o) of the Code, or under “common control” with such Person within the meaning of Section 4001(a)(14) of ERISA. 
 “Estimated Entergy VEBA Transfer Amount” has the meaning set forth in Section 5.2(b)(ii). 
 “Governmental Authority” means any federal, state, local, foreign or international court, government, department, commission, board, bureau, agency, official or other regulatory,
administrative or governmental authority or self-regulatory organization. 
 “HIPAA” means the Health Insurance
Portability and Accountability Act of 1996, as amended. 

  
 5 

 “Indemnifying Party” has the meaning set forth in
Section 9.2(b). 
 “Indemnitee” means each Entergy Indemnitee, TransCo Indemnitee or ITC
Indemnitee. 
 “Indemnity Payment” has the meaning set forth in Section 9.4(a). 

“Information” means information in written, oral, electronic or other tangible or intangible forms, stored in any
medium, including studies, reports, records, books, Contracts, instruments, surveys, discoveries, ideas, concepts, know-how, techniques, designs, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow charts, data,
computer data, disks, diskettes, tapes, computer programs or other software, marketing plans, customer names, communications by or to attorneys (including attorney-client privileged communications), memos and other materials prepared by attorneys or
under their direction (including attorney work product), and other technical, financial, employee or business information or data but in any case excluding back-up tapes. 
 “Initial ITC VEBA Transfer Amount” has the meaning set forth in Section 5.2(b)(ii)(A). 
 “IRS” means the United States Department of the Treasury Internal Revenue Service. 
 “ITC” has the meaning set forth in the preamble. 
 “ITC
Benefit Arrangement” means any Benefit Arrangement sponsored, maintained or contributed to by any member of the ITC Group or any ERISA Affiliate thereof immediately following the Effective Time. 

“ITC Common Stock” means the issued and outstanding shares of common stock, no par value per share, of ITC. 

“ITC Group” means ITC and each of its Affiliates, including after the Closing, the TransCo Group. 

“ITC Indemnitees” means ITC, each member of the ITC Group, and all Persons who are or have been shareholders, directors,
partners, managers, managing members, officers, agents or employees of any member of the ITC Group (in each case, in their respective capacities as such) (excluding any shareholder of ITC), together with their respective heirs, executors,
administrators, successors and assigns. 
 “ITC Option” means an option to purchase shares of ITC Common Stock
as of the Closing Date, which shall be issued as part of the adjustment to Entergy Options in connection with the Merger. 

“ITC Reimbursement Account Plan” has the meaning set forth in Section 5.3. 

  
 6 

 “ITC Restricted Stock Unit” means a unit issued by ITC representing a
general unsecured promise by ITC or one of its Affiliates to deliver a share of ITC Common Stock or dividend equivalents, if applicable (or the cash equivalent of either), upon the satisfaction of a service or performance based vesting requirement,
which unit is issued as part of the adjustment to Entergy Restricted Stock Units in connection with the Merger. 
 “ITC
Retirement Plan” has the meaning set forth in Section 3.2(a). 
 “ITC Savings Plan” has
the meaning set forth in Section 4.2. 
 “ITC Welfare Plan” has the meaning set forth in
Section 5.1. 
 “Law” means any statute, law (including common law), ordinance, regulation, rule,
code or other legally enforceable requirement of, or Order issued by, a Governmental Authority. 
 “Leave of
Absence” means any leave under the Entergy System Attendance and Absenteeism policy or other similar policy or any other approved leave of absence whether paid or unpaid, that is protected by Law or provided for under an Entergy policy,
program or agreement including USERRA Leave, leave under the Family and Medical Leave Act or corresponding state law or any Entergy short-term disability policy, but exclusive of long-term disability. 

“Liabilities” means all debts, liabilities (including liabilities for Taxes), guarantees, assurances, commitments and
obligations, whether fixed, contingent or absolute, asserted or unasserted, matured or unmatured, liquidated or unliquidated, accrued or not accrued, known or unknown, due or to become due, whenever or however arising (including whether arising out
of any Contract or tort based on negligence, strict liability or relating to Taxes payable by a Person in connection with compensatory payments to employees or independent contractors) and whether or not the same would be required by generally
accepted principles and accounting policies to be reflected in financial statements or disclosed in the notes thereto. 

“Losses” has the meaning given to such term in the Separation Agreement. 

“Merger” has the meaning set forth in the recitals. 

“Merger Agreement” has the meaning set forth in the recitals. 

“Merger Sub” has the meaning set forth in the recitals. 

“Net-Tax Basis” has the meaning set forth in Section 9.3(c). 

“OPEB Plan” means health and welfare plans that provide post-employment welfare benefits (i.e., any retiree
medical, dental, vision and/or life benefits) and, when immediately preceded by “Entergy,” means any OPEB Plan maintained by any member of the Entergy Group and, when immediately preceded by “ITC,” means any OPEB Plan maintained
by any member of the ITC Group. 

  
 7 

 “Order” means any: (i) order, judgment, injunction, edict, decree,
ruling, pronouncement, determination, decision, opinion, verdict, sentence, subpoena, writ or award issued, made, entered, rendered or otherwise put into effect by or under the authority of any court, administrative agency or other Governmental
Authority or any arbitrator or arbitration panel or (ii) Contract with any Governmental Authority entered into in connection with any Action. 
 “Participating Company” means Entergy or any Person (other than an individual) participating in an Entergy Benefit Arrangement. 

“Party” or “Parties” has the meaning set forth in the preamble. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization or a Governmental Authority. 
 “Retained
Employee” means, subject to Section 2.10, any individual identified on Exhibit A and up to twenty-five (25) additional individuals as agreed by ITC and Entergy in writing before the Closing Date (such that such
individuals shall not be TransCo Employees). 
 “Separation Agreement” has the meaning set forth in the
recitals. 
 “Separation Date” has the meaning set forth in the Separation Agreement. 

“Separation Time” has the meaning set forth in the Separation Agreement. 

“Subsidiary” means, with respect to any Person, any corporation or other entity (including partnerships and other
business associations and joint ventures) of which at least a majority of the voting power represented by the outstanding capital stock or other voting securities or interests having voting power under ordinary circumstances to elect directors or
similar members of the governing body of such corporation or entity (or, if there are no such voting interests, fifty percent (50%) or more of the equity interests in such corporation or entity) shall at the time be held, directly or
indirectly, by such Person. 
 “Tax” or “Taxes” means all taxes, charges, fees, levies,
penalties or other assessments imposed by any federal, state, local, provincial or foreign taxing authority, including income, gross receipts, excise, real or personal property, sales, use, transfer, customs, duties, franchise, payroll, withholding,
social security, receipts, license, stamp, occupation, employment, or any tax based upon, measured by or calculated with respect to the generation of electricity or other taxes, including any interest, penalties or additions attributable thereto,
and any payments to any state, local, provincial or foreign taxing authorities in lieu of any such taxes, charges, fees, levies or assessments. 
 “Third-Party Claim” has the meaning set forth in Section 9.2(b). 
 “Third-Party Proceeds” has the meaning set forth in Section 9.4(a). 

  
 8 

 “TransCo” has the meaning set forth in the preamble. 

“TransCo Benefit Arrangement” means any Benefit Arrangement sponsored, maintained or contributed to exclusively by one
or more members of the TransCo Group. 
 “TransCo Employee” means, subject to Section 2.10,
(i) any individual who is employed by a member of the Entergy Group as of immediately before the Closing Date and whose principal employment obligations relate to the Transmission Business (a current list of titles and locations for such
individuals is set forth in Exhibit B), (ii) at least three hundred twenty-five (325) and up to three hundred fifty (350) individuals employed by any member of the Entergy Group in connection with both the Transmission Business
and the electricity distribution businesses of Entergy as agreed by ITC and Entergy in writing before the Closing Date; (iii) at least forty (40) and up to eighty (80) individuals employed by any member of the Entergy Group in
connection with corporate or shared services of Entergy as agreed by ITC and Entergy in writing before the Closing Date; provided, Entergy shall not be liable for any Losses if fewer than forty (40) individuals actually become employees
of ITC or any member of the ITC Group as of the Closing Date and (iv) any other individuals employed as of immediately before the Closing Date by any member of the Entergy Group as agreed by ITC and Entergy in writing; provided, that in
no event shall a Retained Employee be a TransCo Employee and in no event shall any individual receiving long-term disability benefits as of immediately before the Closing Date be treated as a TransCo Employee on or after the Closing Date; and
provided, further, that any TransCo Employee who is on short-term disability leave or other Leave of Absence on the Closing Date shall become a TransCo Employee only if and when such TransCo Employee returns to active service for any
member of the ITC Group within six (6) months following the Closing Date (or such longer period as required by Law). 

“TransCo Group” means TransCo and each of the TransCo Subs. Each of the TransCo Subs shall be deemed to be members of
the TransCo Group as of the Separation Time and at all times thereafter up to the Effective Time. 
 “TransCo
Indemnitees” means TransCo, each member of the TransCo Group, ITC (from and after the Separation Time), and each of their respective successors and assigns, and all Persons who are or have been shareholders, directors, partners, managers,
managing members, officers, agents or employees of any member of the TransCo Group (in each case, in their respective capacities as such), and their respective heirs, executors, administrators, successors and assigns. 

“Transmission Business” has the meaning set forth in the Separation Agreement. 

“USERRA Leave” means a leave of absence in respect of which reemployment rights are protected under the Uniformed
Services Employment and Reemployment Rights Act. 
 “VEBA” shall, when immediately preceded by
“Entergy,” mean, collectively, the Entergy Corporation Companies’ Non-Bargaining Employees’ Welfare Benefit Trust Agreement, the Entergy Corporation Companies’ Bargaining Employees’ Welfare Benefit Trust Agreement, and
the Entergy Corporation Companies’ Non-Bargaining Employees’ Welfare Benefit Trust—Life Agreement, which are intended to be voluntary employees’ beneficiary associations under Section

  
 9 

 
501(c)(9) of the Code and, when immediately preceded by “ITC,” means the voluntary employees’ beneficiary association trust or trusts maintained or to be established by ITC
pursuant to Section 5.2(b)(i). 
 “VEBA True-Up Amount” has the meaning set forth in
Section 5.2(b)(ii)(B). 
 Section 1.2 References; Interpretation. Unless the context otherwise requires:

 (a) references in this Agreement to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and
Sections of, Exhibits and Schedules to, this Agreement; 
 (b) references in this Agreement to any time shall be to the then
prevailing New York City, New York time unless otherwise expressly provided herein; and 
 (c) references to an individual as an
“Employee” are descriptive only and are not necessarily intended to mean that an individual is in fact an employee of any Party. 
 Section 1.3 Relation to Other Documents. To the extent there is any inconsistency between this Agreement and the terms of another agreement pertaining to the Separation or Merger (other than
any Collective Bargaining Agreement) that is the subject of this Agreement and such inconsistency (i) arises in connection with or as a result of employment with or the performance of services before or after the Separation for any member of
the Entergy Group, TransCo Group or ITC Group and (ii) relates to the allocation of Liabilities attributable to the employment, service, termination of employment or termination of service of all present or former Entergy employees or TransCo
Employees or any of their dependents and beneficiaries (and any alternate payees in respect thereof) and other service providers (including any individual who is, or was or is determined to be an independent contractor, temporary employee, temporary
service worker, consultant, freelancer, agency employee, leased employee, on-call worker, incidental worker, or non-payroll worker or in any other employment, non-employment, or retainer arrangement, or relationship with any member of the Entergy
Group or the TransCo Group), the terms of this Agreement shall prevail. 
 ARTICLE II 

GENERAL PRINCIPLES 
 Section 2.1 Assumption and Retention of Liabilities; Related Assets. 

(a) Effective as of the Separation Time, except as otherwise expressly provided for in this Agreement, Entergy shall, or shall cause one
or more members of the Entergy Group to, assume or retain, as applicable, and pay, perform, fulfill and discharge, in due course in full (i) all Liabilities under all Entergy Benefit Arrangements which exist as of the Separation Time,
(ii) all Liabilities with respect to the employment, service, termination of employment or termination of service of all employees (other than TransCo Employees) of any member of the Entergy Group or TransCo Group and their dependents and
beneficiaries (and any alternate payees in respect thereof) 

  
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and other service providers (including any individual who is, or was, or is determined to be an independent contractor, temporary employee, temporary service worker, consultant, freelancer,
agency employee, leased employee, on-call worker, incidental worker, or non-payroll worker or in any other employment, non-employment, or retainer arrangement, or relationship with any member of the Entergy Group or TransCo Group), in each case to
the extent such Liability arose in connection with or as a result of employment with any member of the Entergy Group or TransCo Group before, at or after the Separation Time or the performance of services for any member of the Entergy Group or
TransCo Group before the Separation Time and (iii) any other Liabilities or obligations expressly assigned to Entergy or any of its Affiliates under this Agreement. 
 (b) Effective as of the Separation Time, except as otherwise expressly provided for in this Agreement but notwithstanding the provisions of Section 2.1(a), TransCo shall, or shall cause one or
more members of the TransCo Group to, assume or retain, as applicable, and pay, perform, fulfill and discharge, in due course in full (i) all Liabilities with respect to the employment, service, termination of employment or termination of
service of all TransCo Employees and their dependents and beneficiaries (and any alternate payees in respect thereof) and other service providers (including any individual who is, or was, or is determined to be an independent contractor, temporary
employee, temporary service worker, consultant, freelancer, agency employee, leased employee, on-call worker, incidental worker, or non-payroll worker or in any other employment, non-employment, or retainer arrangement, or relationship with any
member of the TransCo Group), in each case to the extent such Liability arose in connection with or as a result of employment with or the performance of services for any member of the Entergy Group, TransCo Group or ITC Group before, at or after the
Separation Time, including, in respect of individuals who do not become TransCo Employees until after the Effective Time because they are on Leave of Absence as of the Effective Time, all such Liabilities that arose after the Effective Time,
(ii) all Liabilities with respect to the employment, service, termination of employment or termination of service of all individuals who are not TransCo Employees but where (and to the extent) the act or omission giving rise to such Liability
arose while such individual was employed in or providing services to the Transmission Business and (iii) any other Liabilities or obligations expressly assigned to TransCo or any of its Affiliates under this Agreement. 

(c) From time to time after the Separation Time, the Parties shall promptly reimburse one another, upon reasonable request of the Party
requesting reimbursement and the presentation by such Party of such substantiating documentation as the other Party shall reasonably request, for the cost of any obligations or Liabilities satisfied or assumed by the Party requesting reimbursement
or its Affiliates that are, or that have been made pursuant to this Agreement, the responsibility of the other Party or any of its Affiliates. Any such reimbursement shall be on a fair-market-value, arm’s-length basis. 

(d) Subject to applicable Law, Entergy shall retain responsibility for all employee-related regulatory filings for reporting periods
ending at or prior to the Effective Time except for Equal Employment Opportunity Commission EEO-1 reports and affirmative action program (AAP) reports and responses to Office of Federal Contract Compliance Programs (OFCCP) submissions, for which
Entergy shall provide data and information (to the extent permitted by applicable Laws and consistent with Section 10.1) to TransCo, which shall be responsible for making such filings in respect of TransCo Employees. 

  
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 (e) Entergy shall be the responsible party for preparing and timely filing or causing to be
prepared and timely filed all Employment Tax Returns of any member of the Entergy Group. Entergy shall be liable for all Employment Taxes due on any such Employment Tax Return. Entergy, at its sole expense, shall have exclusive control over the
conduct and resolution of any audit, litigation, contest, dispute, or other proceeding relating to Employment Taxes of any member of the Entergy Group. TransCo shall be the responsible party for preparing and timely filing or causing to be prepared
and timely filed all Employment Tax Returns of any member of the TransCo Group with respect to periods (or portions thereof) following the Distribution Date. TransCo shall be liable for all Employment Taxes due on any such Employment Tax Return.
TransCo, at its sole expense, shall have exclusive control over the conduct and resolution of any audit, litigation, context, dispute, or other proceeding relating to Employment Taxes of the TransCo Group. 

Section 2.2 Treatment of Compensation and Benefit Arrangements. Unless otherwise required by a Collective Bargaining
Agreement, for a period of at least thirty-six (36) months following the Closing Date, ITC shall (i) provide or shall cause to be provided to each TransCo Employee cash compensation opportunities that are substantially comparable to the
cash compensation opportunities provided to such TransCo Employee immediately before the Closing Date and (ii) provide TransCo Employees with employee benefits with a substantially comparable value in the aggregate and (exclusive of
nonqualified deferred compensation benefits provided under the Entergy NQDCP and equity compensation benefits) with a substantially comparable value for each kind of benefit (it being understood that the “kind” of a benefit refers to the
general type of benefit—such as qualified pension, qualified savings, medical, dental, life, vision, short-term disability, long-term disability, AD&D, retiree welfare, vacation, other paid time off and fringe—without regard to the
form in which such benefit is provided or the individual choices made available) in relation to the benefits provided to such TransCo Employee immediately before the Closing Date; provided, that for the thirty-six (36) months following
the Closing Date ITC shall provide severance benefits to TransCo Employees not covered by Collective Bargaining Agreements with a value no less than those described on Schedule B. 

Section 2.3 Participation in Entergy Benefit Arrangements. Except as otherwise expressly provided for in this Agreement or as
otherwise expressly agreed to in writing between the Parties, (i) effective as of the Effective Time, TransCo and each member of the TransCo Group, to the extent applicable, shall cease to be a Participating Company in any Entergy Benefit
Arrangement and (ii) each TransCo Participant, effective as of the Effective Time, shall cease to participate in, be covered by, accrue benefits under, be eligible to contribute to or have any rights under any Entergy Benefit Arrangement
(except to the extent of obligations that accrued before the Effective Time and that remain a Liability of any member of the Entergy Group pursuant to this Agreement), and Entergy and TransCo shall take all necessary action to effectuate each such
cessation. Entergy shall cause there to be no TransCo Benefit Arrangement (and therefor no Liability under any TransCo Benefit Arrangement) at any time before the Effective Time. 

Section 2.4 Service Recognition. Effective as of the Closing Date ITC shall, and shall cause each member of the ITC Group to,
give each TransCo Employee full credit for purposes of eligibility, vesting, determination of level of benefits, and, to the extent applicable, 

  
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benefit accruals and benefit subsidies under any ITC Benefit Arrangement for such individuals’ service with any member of the Entergy Group or TransCo Group or any predecessor thereto prior
to the Closing Date, to the same extent such service was recognized by the applicable Entergy Benefit Arrangement immediately prior to the Closing Date; provided, that, such service shall not be recognized to the extent such recognition would
result in the duplication of benefits. In addition, and without limiting the generality of the foregoing provisions of this Section 2.4, (i) ITC shall cause each TransCo Employee to be immediately eligible to participate, without
any waiting time, in any and all ITC Benefit Arrangements to the extent coverage under the ITC Benefit Arrangement is comparable to an Entergy Benefit Arrangement in which the TransCo Employee participated immediately before the Closing Date and
(ii) for purposes of each ITC Benefit Arrangement providing medical, dental, pharmaceutical or vision benefits to any TransCo Employee, ITC shall cause all pre-existing condition exclusions and actively-at-work requirements of such ITC Benefit
Arrangement to be waived for such employee and his or her covered dependents, except to the extent such conditions would not have been waived under the comparable Entergy Benefit Arrangement in which such employee participated immediately prior to
the Closing Date, and ITC shall cause any eligible expenses incurred by such employee and his or her covered dependents during the portion of the plan year of the Entergy Benefit Arrangement ending on the date such employee’s participation in
the corresponding ITC Benefit Arrangement begins to be taken into account under such ITC Benefit Arrangement for purposes of satisfying all deductible, coinsurance and maximum out-of pocket requirements applicable to such employee and his or her
covered dependents for the applicable plan year as if such amounts had been paid in accordance with the ITC Benefit Arrangement. At Closing and from time to time thereafter as is reasonably necessary, Entergy shall provide ITC with such Information
as is necessary to make the proper calculations necessary to comply with the foregoing obligations. 
 Section 2.5
Collective Bargaining Agreements. Notwithstanding anything in this Agreement to the contrary, prior to the Closing Date Entergy and TransCo shall take or cause to be taken actions that are necessary (if any) for TransCo or a member of the
TransCo Group to continue to maintain or to assume and honor (even where otherwise inconsistent with the terms of this Agreement), effective with respect to any respective TransCo Employee as of the time such TransCo Employee becomes employed by a
member of the TransCo Group, any Collective Bargaining Agreements and any pre-existing collective bargaining relationships (in each case including obligations that arise in respect of the period both before and after the date of employment by the
TransCo Group) to the maximum extent allowable by Law. After the Closing Date, ITC shall cause TransCo or a member of the TransCo Group to continue to maintain or to assume and honor (even where otherwise inconsistent with the terms of this
Agreement) such Collective Bargaining Agreements and any pre-existing collective bargaining relationships (in each case including obligations that arise in respect of the period both before and after the date of a TransCo Employee’s employment
by the TransCo Group) to the maximum extent allowable by Law. Entergy warrants and represents that no TransCo Employee who is subject to a Collective Bargaining Agreement is represented by a union local that is not party to one of the agreements
listed on Schedule A. Nothing in this Agreement is intended to alter the provisions of any Collective Bargaining Agreement or modify in any way the obligations of the Entergy Group or the TransCo Group to any person or union as described in
such agreement. Consistent with its obligations under applicable Law and the Collective Bargaining Agreements, Entergy will inform ITC as to the progress of negotiations for the renewal of any Collective Bargaining Agreement or any new Collective
Bargaining Agreement prior to the Closing Date. 

  
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 Section 2.6 No Acceleration of Benefits. Except as otherwise provided in this
Agreement, no provision of this Agreement shall be construed to create any right, or accelerate vesting or entitlement, to any compensation or benefit whatsoever on the part of any TransCo Employee or other former, current or future employee of the
Entergy Group or TransCo Group under any Benefit Arrangement of the Entergy Group or TransCo Group. 
 Section 2.7
Amendment Authority. Except as otherwise provided in this Agreement, nothing in this Agreement is intended to prohibit any member of the Entergy Group, TransCo Group or ITC Group from amending or terminating any employee benefit plans,
policies and compensation programs at any time on or after the Separation Date. 
 Section 2.8 No Commitment to
Employment or Benefits. Nothing contained in this Agreement shall be construed as a commitment or agreement on the part of any person to continue employment with the Entergy Group, TransCo Group or ITC Group or, except as otherwise provided in
this Agreement, as a commitment on the part of the Entergy Group, TransCo Group or ITC Group to continue the employment, compensation, or benefits of any person for any period or to provide any recall or similar rights to an individual on layoff or
any type of Leave of Absence. This Agreement is solely for the benefit of the Entergy Group, TransCo Group and ITC Group and, except to the extent otherwise expressly provided herein, nothing in this Agreement, express or implied, is intended to
confer any rights, benefits, remedies, obligations or Liabilities under this Agreement upon any Person, including any TransCo Employee or other current or former employee, officer, director or contractor of the Entergy Group, TransCo Group or ITC
Group, other than the Parties and their respective successors and assigns. 
 Section 2.9 Certain Employment
Transfers. Entergy shall cause each TransCo Employee to be employed by a member of the TransCo Group immediately before the Effective Time and not earlier. To the extent that any TransCo Employee will not automatically become an employee of a
member of the ITC Group as of the Effective Time by reason of the Merger, Entergy agrees to cause the employment of such TransCo Employee to be transferred to the appropriate member of the TransCo Group, and the appropriate member of the ITC Group
agrees to cause the appropriate member of the TransCo Group to accept the employment obligations of such TransCo Employee, as of the Effective Time as otherwise provided in this Agreement. 

Section 2.10 Identification of Retained/TransCo Employees. The provisions of this Section 2.10 shall apply
notwithstanding the provisions of Section 11.15 or Article X of the Separation Agreement. To facilitate the identification of Retained Employees and TransCo Employees, the Parties agree to establish an integration team not later
than three (3) months following the date hereof consisting from time to time of eight individuals (or such other number as agreed by Entergy and ITC), one half of whom are employees of a member of the Entergy Group as designated by the chief
human resources officer of Entergy and one half of whom are employees of a member of the ITC Group as designated by the chief human resources officer of ITC. Such integration team shall work in good faith to resolve any dispute regarding the
identity of Retained Employees and TransCo Employees with a goal of providing (i) TransCo with sufficient operational and management employees (together with employees of the ITC Group) to operate and manage the Transmission Business on a
reasonable basis and (ii) Entergy with sufficient operational and management employees to operate and manage the its remaining business on a reasonable basis. To the extent such integration team is unable to agree on the 

  
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identify of Retained Employees or TransCo Employees not later than eighteen (18) months following the date hereof (or if earlier, thirty (30) days prior to the anticipated Distribution
Date), the respective chief human resources officers of Entergy and ITC shall act in good faith to resolve such disagreement not later than the Closing Date; provided, that in the event they are unable to so agree, the chief human resources
officer of Entergy shall, in good faith and in accordance with the principles set forth in this Agreement, make the final determination. Notwithstanding the foregoing provisions of this Section 2.10 or the definition of “TransCo
Employee” or “Retained Employee” to the contrary, the identification of TransCo Employees shall be made subject to and in accordance with the provisions of any applicable collective bargaining obligation and Collective Bargaining
Agreement and otherwise in accordance with applicable Law. 
 ARTICLE III 

QUALIFIED DEFINED BENEFIT PLANS 
 Section 3.1 Participation of TransCo in the Entergy Retirement Plan. Effective not later than the Separation Date, Entergy shall have caused the Entergy Bargaining Retirement Plan and the
Entergy Nonbargaining Retirement Plan to permit TransCo Employees to continue to participate therein during the period (if any) beginning on the Separation Date and ending immediately before the Closing Date in respect of each TransCo Employee who
participated therein immediately before the Separation Date. Subject to any applicable collective bargaining obligation, Entergy shall cause each TransCo Employee to become fully vested under the Entergy Bargaining Retirement Plan and the Entergy
Nonbargaining Retirement Plan, as applicable, as of the date on which such TransCo Employee ceases to be employed by the Entergy Group (which, generally, will be the Closing Date). 

Section 3.2 Retirement Plan. 
 (a) Effective as of the Closing Date, ITC shall, or shall have caused one or more members of the ITC Group to, establish or maintain a defined benefit pension plan or plans and related trust or trusts to
provide retirement pension benefits to TransCo Employees who immediately prior to the Closing Date were participants, whether or not vested, under, the Entergy Bargaining Retirement Plan or Entergy Nonbargaining Retirement Plan, respectively (such
defined benefit pension plan or plans, the “ITC Retirement Plan”). ITC shall be responsible for taking all necessary, reasonable and appropriate action to establish, maintain and administer the ITC Retirement Plan so that it is
qualified under Section 401(a) of the Code and that the related trust thereunder is exempt under Section 501(a) of the Code, and as soon as reasonably practicable following the Closing Date ITC shall take all steps reasonably necessary to
obtain a favorable determination from the IRS as to such qualification if one is not then applicable to the ITC Retirement Plan. 
 (b) The ITC Retirement Plan shall, as of the Closing Date, have terms that are substantially identical to the terms of the Entergy Bargaining Retirement Plan and the Entergy Nonbargaining Retirement Plan,
respectively with respect to the participants thereunder; provided, that all benefits provided to a TransCo Employee (and any beneficiary thereof) pursuant to the ITC Retirement Plan from time to time shall be reduced by the amount payable in
respect of the 

  
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Entergy Bargaining Retirement Plan or the Entergy Nonbargaining Retirement Plan (or any successor thereto, including any payments made by the PBGC with respect thereto) to such TransCo Employee.

 ARTICLE IV 
 QUALIFIED DEFINED CONTRIBUTION PLANS 
 Section 4.1
Participation of TransCo in the Entergy Savings Plan; Vesting. Effective not later than the Separation Date, Entergy shall have caused the Entergy Savings Plan to permit TransCo Employees to continue to participate therein during the period
(if any) beginning on the Separation Date and ending immediately before the Closing Date in respect of each TransCo Employee who participated therein immediately before the Separation Date. Subject to any applicable collective bargaining obligation,
Entergy shall cause each TransCo Employee to become fully vested in such TransCo Employee’s account balances under the Entergy Savings Plan as of the date on which such TransCo Employee ceases to be employed by the Entergy Group (which,
generally, will be the Closing Date). 
 Section 4.2 ITC Savings Plan. Effective as of the Closing Date, ITC shall,
or shall have caused one or more members of the ITC Group to, establish or maintain a defined contribution savings plan or plans and related trust or trusts intended to satisfy the requirements of Sections 401(a) and 401(k) of the Code (such defined
contribution savings plan or plans, the “ITC Savings Plan”). ITC shall be responsible for taking all necessary, reasonable, and appropriate action to establish, maintain and administer the ITC Savings Plan so that it is qualified
under Section 401(a) of the Code, that it satisfies the requirements of Section 401(k) of the Code and that the related trust thereunder is exempt under Section 501(a) of the Code, and as soon as reasonably practicable following the
Closing Date ITC shall take all steps reasonably necessary to obtain a favorable determination from the IRS as to such qualification if one is not then applicable to the ITC Savings Plan. ITC shall be responsible for any and all Liabilities
(including Liability for funding) and other obligations with respect to the ITC Savings Plan. 
 Section 4.3 Transfer of
Plan Assets and Liabilities. As soon as practicable following the Effective Time, Entergy shall cause any and all accounts of TransCo Employees under the Entergy Savings Plan, and the value of the assets attributable to such accounts, to be
transferred to the ITC Savings Plan in a “transfer of assets or liabilities” in accordance with Section 414(l) of the Code. Entergy shall effectuate at least one subsequent transfer no later than seven (7) months following the
Effective Time with respect to any individuals who become TransCo Employees after the Effective Time. The assets to be transferred shall be transferred in-kind (except as a third-party administrator may otherwise require other than with respect to
Entergy Common Stock or ITC Common Stock), including as applicable in the form of promissory notes evidencing plan loans, Entergy Common Stock and ITC Common Stock. ITC shall cause the administrator of, and the trustee of the trust established
under, the ITC Savings Plan to accept such transfer, subject to applicable Law. Prior to the transfer, Entergy and ITC or their respective Affiliates shall notify the IRS of the transfer by timely filing Forms 5310-A, to the extent such filings are
required. 

  
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 Section 4.4 Stock Considerations. ITC shall (i) cause the ITC Savings Plan
to provide that all shares of Entergy Common Stock transferred to the ITC Savings Plan in connection with Section 4.3 shall, to the extent still held under the ITC Savings Plan, be maintained under the ITC Savings Plan in compliance with all
requirements of ERISA and applicable securities laws, (ii) except to the extent inconsistent with the requirements of ERISA, cause any fiduciary responsible for evaluating the continued propriety of investment in Entergy Common Stock under the
ITC Savings Plan (exclusive of any TransCo Employee) not to require a divestiture of Entergy Common Stock under the ITC Savings Plan before the date that is one trading day prior to the later of (x) six (6) months following the Closing
Date or (y) solely if approved by the FERC, twelve (12) months following the Closing Date, and (iii) except to the extent it would cause a violation of applicable Law, cause the ITC Savings Plan to permit any TransCo Employee to hold
Entergy Common Stock under the ITC Savings Plan until the date that is one trading day prior to the later of (x) six (6) months following the Closing Date or (y) solely if approved by the FERC, twelve (12) months following the
Closing Date. 
 ARTICLE V 
 HEALTH AND WELFARE PLANS 
 Section 5.1 Health and Welfare
Plan Participation. Effective not later than the Separation Date, Entergy shall have caused the Entergy Welfare Plans to permit TransCo Employees to continue to participate therein during the period (if any) beginning on the Separation Date and
ending immediately before the Closing Date in respect of each TransCo Employee who participated therein immediately before the Separation Date. Effective as of the Closing Date, ITC shall, or shall cause an Affiliate to, establish or maintain health
and welfare plans for the benefit of TransCo Employees (collectively, the “ITC Welfare Plans”). 

Section 5.2 ITC Retiree Welfare Benefits. 
 (a) Maintenance of Post-Retirement Welfare Plans. Notwithstanding anything in Section 2.2 to the contrary and unless otherwise required by a Collective Bargaining Agreement,
(i) ITC shall not commingle funds transferred to the ITC VEBA in accordance with Section 5.2(b)(ii) with any other funds or apply the funds transferred to the ITC VEBA in accordance with Section 5.2(b)(ii) for purposes
other than the funding of benefits under one or more OPEB Plans with terms substantially comparable to those in effect under the Entergy OPEB Plan immediately before the Closing Date for the benefit of TransCo Employees (and their beneficiaries)
who, immediately before the Closing Date, were receiving such benefits or eligible for them upon satisfaction of applicable eligibility criteria and (ii) for the thirty-six (36) month period following the Closing Date (or, if later, until
exhaustion of the funds transferred to the ITC VEBA in accordance with Section 5.2(b)(ii)), ITC shall maintain OPEB Plans with terms substantially comparable to those in effect under the Entergy OPEB Plan immediately before the Closing
Date for the benefit of TransCo Employees who, immediately before the Closing Date, were receiving such benefits or eligible for them upon satisfaction of applicable eligibility criteria and shall not amend or terminate such OPEB Plans. Effective as
of the Closing Date, ITC shall assume or shall cause a member of the ITC Group to assume, and neither Entergy nor any member of the Entergy Group shall have any obligation whatsoever with regard to, all obligations and Liabilities under any Entergy
OPEB Plan for benefits in respect of TransCo Employees. 

  
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 (b) Transfer of VEBA Assets. 

(i) Establishment of ITC VEBA. Effective not later than the Closing Date (or such later time as mutually agreed by Entergy and
ITC), ITC shall adopt the ITC VEBA in a form that is substantially comparable to the Entergy VEBA as in effect immediately before the Closing Date and shall cause the ITC VEBA to qualify under Section 501(c)(9) of the Code. 

(ii) VEBA Asset Allocations and Transfers. Prior to the Closing Date (or such later time as mutually agreed by Entergy and ITC),
Entergy shall cause the Entergy Actuary to determine the estimated value, as of the Closing Date, of the Assets to be transferred to the ITC VEBA in accordance with the assumptions and valuation methodology set forth on Exhibit 5.2(b)(ii)
(the “Estimated Entergy VEBA Transfer Amount”). In no event shall any Assets be transferred with respect to any individual who is on a Leave of Absence on the Closing Date, whether or not such individual later becomes a TransCo
Employee. 
 (A) Initial Transfer. Not later than ten (10) Business Days following the Closing Date (or such later
time as mutually agreed by Entergy and ITC), Entergy and ITC shall cooperate in good faith to cause an initial transfer of Assets (as determined by Entergy in its discretion, in either (x) cash or (y) in kind, with AA-rated or better
cash-like securities or other cash equivalents) from the Entergy VEBA to the ITC VEBA in an amount equal (as determined in the discretion of Entergy) to not less than ninety percent (90%) and not more than ninety-five percent (95%) of the
Estimated Entergy VEBA Transfer Amount (such amount, the “Initial ITC VEBA Transfer Amount”). 
 (B)
True-Up Transfer. Within ninety (90) days (or such later time as mutually agreed by Entergy and ITC) following the Closing Date (and in any event following the transfer described in subsection (b)(ii)(A) above), Entergy shall cause the
Entergy Actuary to calculate the value of the Assets credited under the Entergy VEBA as of the Closing Date in respect of the TransCo Employees using the assumptions and valuation methodology set forth on Exhibit 5.2(b)(ii) (the
“Proposed Actual Entergy VEBA Transfer Amount”) and provide the Proposed Actual Entergy VEBA Transfer Amount to ITC for review. The ITC Actuary shall have forty-five (45) days to review such Proposed Actual Entergy VEBA
Transfer Amount and shall have access to all data used by the Entergy Actuary to make its proposed calculations. If the ITC Actuary disagrees with the Proposed Actual Entergy VEBA Transfer Amount, the Entergy Actuary and the ITC Actuary shall work
together in good faith for thirty (30) days to agree on the Proposed Actual Entergy VEBA Transfer Amount. If they cannot so agree within the thirty (30) day period, then the Entergy Actuary and the ITC Actuary shall select another actuary
to calculate the Proposed Actual Entergy VEBA Transfer Amount. The conclusion of such other actuary, which shall be rendered within 30 days, or the agreed amount between the ITC Actuary and Entergy Actuary (as the case may be) shall constitute the
“Actual Entergy VEBA Transfer Amount.” Within one hundred eighty (180) days (or such later time as mutually agreed by Entergy and ITC) following the Closing Date (and in any event following the transfer described in subsection
(b)(ii)(A) above), Entergy shall cause the Entergy VEBA to transfer to the ITC VEBA 

  
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an amount (as determined by Entergy in its discretion, in either (x) cash or (y) in kind, with AA-rated or better cash-like securities or other cash equivalents), equal to (I) the
Actual Entergy VEBA Transfer Amount minus (II) the Initial ITC VEBA Transfer Amount (such difference, as adjusted as described below, the “VEBA True-Up Amount”); provided, that, in the event the VEBA True-Up Amount is
negative, Entergy shall not be required to cause any such additional transfer and instead ITC shall be required to cause a transfer of cash, cash-like securities or other cash equivalents (or, if determined by ITC in its discretion, Assets in kind)
from the ITC VEBA to the Entergy VEBA in an amount equal to the absolute value of the VEBA True-Up Amount. The Parties acknowledge that the Entergy VEBA’s transfer of the VEBA True-Up Amount to the ITC VEBA shall be in full settlement and
satisfaction of the obligations of Entergy to cause the transfer of, and the Entergy VEBA to transfer, Assets to the ITC VEBA pursuant to this Section 5.2(b)(ii). The VEBA True-Up Amount shall be paid from the Entergy VEBA to the ITC
VEBA, as determined by Entergy in its discretion in kind, in cash, cash-like securities or other cash equivalents, and shall be adjusted in respect of the period from the Closing Date to the date of transfer of the VEBA True-Up Amount. Such
adjustment shall be based on the methodology set forth on Exhibit 5.2(b)(ii). In the event that ITC is obligated to cause the ITC VEBA to reimburse the Entergy VEBA pursuant to this Section 5.2(b)(ii), such reimbursement shall be
performed in accordance with the same principles set forth herein with respect to the payment of the VEBA True-Up Amount. The Parties acknowledge that the ITC VEBA’s transfer of such reimbursement amount to the Entergy VEBA shall be in full
settlement and satisfaction of the obligations of ITC to cause the transfer of, and the ITC VEBA to transfer, Assets to the Entergy VEBA pursuant to this Section 5.2(b)(ii). 

Section 5.3 Reimbursement Account Plans. Effective as of the Closing Date ITC shall have established a health and dependent
care reimbursement account plan (the “ITC Reimbursement Account Plan”) with features substantially similar to those contained in the Entergy Corporation Companies Benefits Plus Reimbursement Plan (or any successor thereto) as in
effect immediately prior to the Closing Date (the “Entergy Reimbursement Account Plan”). ITC shall assume responsibility for administering under the ITC Reimbursement Account Plan all reimbursement claims of TransCo Employees with
respect to the period before, on and after the Closing Date. No more than forty-five (45) days following the Closing Date (or such later time as mutually agreed by Entergy and ITC), (A) Entergy shall cause to be transferred to ITC an
amount in cash, cash-like securities or other cash equivalents equal to the excess, if any, of all contributions to the Entergy Reimbursement Account Plan made with respect to the calendar year in which the Closing occurs (and, if the transfer
occurs in any calendar year before April 1, the preceding calendar year) by or on behalf of any TransCo Employee prior to the Closing Date over the amount previously distributed to the TransCo Employees under the Entergy Reimbursement Account
Plan for the calendar year in which the Closing occurs (and, if the transfer occurs in any calendar year before April 1, the preceding calendar year), and (B) ITC shall cause to be transferred to Entergy an amount in cash, cash-like
securities or other cash equivalents equal to the excess, if any, of the amount previously distributed to the TransCo Employees under the Entergy Reimbursement Account Plan for the calendar year in which the Closing occurs (and, if the transfer
occurs in any calendar year before April 1, the preceding calendar year)over all contributions to the Entergy Reimbursement Account Plan made with respect to the calendar year in which the Closing occurs (and, if the transfer occurs in any
calendar year before April 1, the preceding calendar year) by or on behalf of any TransCo Employee prior to the Closing Date. 

  
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 Section 5.4 Certain Liabilities. 

(a) Insured Benefits. With respect to employee welfare and fringe benefits that are provided through the purchase of insurance,
Entergy shall timely pay all premiums in respect of coverage of TransCo Employees in respect of the period before the Closing Date, and ITC shall cause Entergy not to have any Liability in respect of any and all claims of TransCo Employees that are
incurred under the ITC Welfare Plans on or after the Closing Date. 
 (b) Self-Insured Benefits. Except to the extent
otherwise provided in Section 5.4(c), with respect to employee welfare and fringe benefits that are provided on a self-insured basis, (i) Entergy shall fully perform, pay and discharge, under the Entergy Welfare Plans, all claims of
TransCo Employees that are incurred but not paid prior to the Closing Date and (ii) ITC shall fully perform, pay and discharge, under the ITC Welfare Plans, from and after the Closing Date, all claims of TransCo Employees that are incurred on
or after the Closing. For purposes of this Section 5.4(b), a claim or Liability is deemed to be incurred: with respect to medical, dental, vision and/or prescription drug benefits, upon the rendering of health services giving rise to
such claim or Liability; with respect to life insurance, accidental death and dismemberment and business travel accident insurance, upon the occurrence of the event giving rise to such claim or Liability; and with respect to disability benefits,
upon the date of an individual’s disability, as determined by the disability benefit insurance carrier or claim administrator, giving rise to such claim or Liability. 
 (c) Special Prescription Drug Rules. With respect to Entergy’s prescription drug program, (i) Entergy shall retain any prescription drug rebate or settlement from any medical claim
administrator, pharmaceutical company or insurer regardless of the date of payment to the extent they are associated with claims that are incurred prior to the Closing Date, and (B) Entergy shall retain any Medicare Part D subsidy by the
federal government regardless of the date of payment to the extent they are associated with claims that are incurred prior to the Closing Date. 
 Section 5.5 Time-Off Benefits. Unless otherwise required in a Collective Bargaining Agreement, (i) ITC shall credit (or continue to credit) each TransCo Employees as of the Closing Date
with the amount of accrued but unused vacation time, paid time off and other time-off benefits as such TransCo Employee had with the Entergy Group or the TransCo Group as of immediately before the Closing Date, (ii) ITC shall cause each TransCo
Employee to be eligible to use on or before March 31 of the year following the Closing Date any accrued but unused vacation time, paid time off and other time-off benefits as such TransCo Employee had with the Entergy Group or the TransCo Group
as of immediately before the Closing Date to the extent in excess of the amount that would have been available to the TransCo Employee had the TransCo Employee’s service with Entergy or any member of the Entergy Group been treated as service
with ITC, (iii) ITC may cause each TransCo Employee to forfeit any excess amount not used in accordance with the foregoing clause (ii), and (iv) as of the Closing Date, each TransCo Employee shall be subject to ITC’ vacation policies
(pro-rated as of the Closing Date for the year in which the Closing occurs); provided, however, that ITC shall provide Transco Employees with credit for employment service with Entergy or any member of the Entergy Group for purposes of
determining each TransCo Employee’s eligibility for and future accruals of vacation days under ITC’ vacation policy. 

  
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 ARTICLE VI 
 EXECUTIVE BENEFIT PLANS 
 Section 6.1 Non-Qualified Deferred
Compensation Plans. Effective as of the Closing Date and to the extent not prohibited by the terms of the Entergy NQDCPs, ITC shall establish or maintain one or more nonqualified deferred compensation plans and cause such plan or plans to assume
responsibility for all Liabilities and fully perform, pay and discharge all obligations, when such obligations become due, of the Entergy NQDCP with respect to all TransCo Employees identified on Exhibit C who are participants therein
immediately before the Closing Date. Entergy shall retain responsibility for all Liabilities and fully perform, pay and discharge all obligations, when such obligations become due, under the Entergy NQDCP or any other nonqualified deferred
compensation plan maintained by Entergy or any member of the Entergy Group with respect to all other TransCo Employees who are participants therein immediately before the Closing Date. 

Section 6.2 Separation is Not Distributable Event. The Parties acknowledge that, for purposes of the Entergy NQDCP, neither
the Separation nor the Merger nor any transfers of employment incident thereto shall result in a distributable event under the Entergy NQDCP. ITC shall notify Entergy promptly following the termination of employment with ITC (or any member of the
ITC Group) of all TransCo Employees (exclusive of those identified on Exhibit C) who are participants in the Entergy NQDCP, provided that Entergy provides a list of such TransCo Employee participants to ITC (and then-current account balance
estimates) at the Closing. 
 Section 6.3 No Transfer of Assets Attributable to Entergy NQDCP. There shall be no
transfer of Assets to ITC or any of its Affiliates (or to any trust maintained by any of them or to or in respect of any nonqualified deferred compensation plan maintained by any member of the ITC Group) in respect of Liabilities under the Entergy
NQDCP or any other nonqualified deferred compensation plan maintained by Entergy or any member of the Entergy Group. 
 ARTICLE
VII 
 EQUITY INCENTIVE AWARDS 
 Section 7.1 Treatment of Outstanding Entergy Options. Each Entergy Option shall, as of the Effective Time automatically and without any action on the part of the holder thereof, be converted
into an ITC Option in accordance with the succeeding paragraphs of this Section 7.1. The number of shares subject to the ITC Option shall be equal to the number of shares of Entergy Common Stock subject to the Entergy Option multiplied
by the Equity Exchange Ratio, with the resulting number of shares subject to the ITC Option being rounded down to the nearest whole share. The per share exercise price of the ITC Option shall be equal to (1) the per share exercise price of the
Entergy Option immediately prior to the Closing Date divided by the Equity Exchange Ratio, which amount shall be rounded up to the nearest whole cent. Except as otherwise provided herein, the terms and conditions applicable to the ITC Options shall
be substantially identical to the terms and conditions applicable to the corresponding Entergy Option, including the terms and conditions relating to vesting and the post-termination exercise period (as set forth in the 

  
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applicable plan, award agreement or in the option holder’s then applicable employment agreement with Entergy or its Affiliates, which terms shall remain in effect even after the expiration
or termination of such employment agreement). To the extent that Section 409A or 421(a) of the Code applies to any Entergy Option, the adjustments described in this Section 7.1 will be subject to such modifications, as any, as are
required to cause the adjustment contemplated by this Section 7.1 to be made in a manner consistent with Section 409A or 421(a) of the Code, as applicable. 
 Section 7.2 Treatment of Outstanding Entergy Restricted Stock. Each share of Entergy Restricted Stock shall, as of the Effective Time automatically and without any action on the part of the
holder thereof, be converted into a number of shares of ITC Common Stock equal to the Equity Exchange Ratio subject to restrictions substantially identical to those that applied to the Entergy Restricted Stock immediately before the Closing Date.

 Section 7.3 Treatment of Outstanding Entergy Restricted Stock Units. Each Entergy Restricted Stock Unit shall, as
of the Effective Time automatically and without any action on the part of the holder thereof, be converted into a number of ITC Restricted Stock Units equal to the Equity Exchange Ratio subject to restrictions and other terms and conditions terms
and conditions substantially identical to those that applied to the Entergy Restricted Stock Units immediately before the Closing Date. 
 Section 7.4 SEC Registration. As soon as practicable following the Effective Time, ITC shall prepare and file with the SEC a registration statement on Form S-8 (or another appropriate form)
registering shares of ITC Common Stock subject to issuance upon the exercise of the ITC Options and substitute restricted shares and restricted stock units in respect of ITC Common Stock issuable in accordance with the provisions of this ARTICLE
VII. Entergy shall cooperate with and assist ITC in the preparation of such registration statement. ITC shall keep such registration statement effective (and maintain the current status of the prospectus required thereby) for so long as any ITC
Options or such substitute restricted shares or restricted stock units in respect of ITC Common Stock remain outstanding. 

Section 7.5 Savings Clause. The Parties hereby acknowledge that the provisions of this ARTICLE VII are intended to
achieve certain Tax, legal and accounting objectives and, in the event such objectives are not achieved, the Parties agree to negotiate in good faith regarding such other actions that may be necessary or appropriate to achieve such objectives.

 ARTICLE VIII 
 ADDITIONAL COMPENSATION MATTERS 
 Section 8.1 Workers’
Compensation Liabilities. Effective as of the Closing Date, ITC shall assume all Liabilities (other than any Liabilities related to medical or other similar services performed, or compensation in respect of lost work for periods, prior to the
Closing Date) for TransCo Employees related to any and all workers’ compensation claims and coverage, whether arising under any law of any state, territory, or possession of the U.S. or the District of Columbia, and arising on or after the
Closing Date, and ITC shall be fully responsible for the administration of all such claims. If ITC is unable to assume any such Liability or the 

  
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administration of any such claim because of the operation of applicable state law or for any other reason, Entergy shall retain such Liabilities and ITC shall reimburse and otherwise fully
indemnify Entergy for all such Liabilities, including the costs of administering the plans, programs or arrangements under which any such Liabilities have accrued or otherwise arisen. Entergy shall retain all Liabilities for workers’
compensation claims to the extent arising prior to the Closing Date. 
 Section 8.2 Code Sections 162(m)/409A.
Notwithstanding anything in this Agreement to the contrary (including the treatment of supplemental and deferred compensation plans, outstanding long-term incentive awards and annual incentive awards as described herein), the Parties agree to
negotiate in good faith regarding the need for any treatment different from that otherwise provided herein to ensure that (i) a federal income Tax deduction for the payment of such supplemental or deferred compensation or long-term incentive
award, annual incentive award or other compensation is not limited by reason of Section 162(m) of the Code, and (ii) the treatment of such supplemental or deferred compensation or long-term incentive award, annual incentive award or other
compensation does not cause the imposition of a Tax under Section 409A of the Code. In no event, however, will any Party be liable to another in respect of any Taxes imposed under Section 409A of the Code or the denial of any Tax deduction
by reason of Section 162(m) of the Code. 
 Section 8.3 Certain Payroll, Annual and Long-Term Bonus Matters.

 (a) Post-Distribution Payroll for Pre-Distribution Service. In the case of each TransCo Employee, the employer of such
individual as of immediately before the Closing Date shall be responsible for paying (and the W-2 and other payroll reporting obligations for) the payroll amount due to such individual for the payroll period (or portion thereof) ending on the
Closing Date. 
 (b) Annual Bonus Programs. Subject to any applicable Collective Bargaining Agreement, as soon as
practicable (and in any event within thirty (30) days) following the Closing Date, Entergy shall pay or shall cause a member of the Entergy Group to pay to each TransCo Employee an amount equal to the annual cash incentive bonus (if any) the
TransCo Employee would have earned for the year during which the Closing Date occurs at the target level of performance had the TransCo Employee been eligible for such a bonus, pro-rated for the portion of the year through the Closing Date.

 (c) Long Term Incentive Program. Subject to any applicable Collective Bargaining Agreement, as soon as practicable
(and in any event within thirty (30) days) following the Closing Date, Entergy shall pay or shall cause a member of the Entergy Group to pay to each TransCo Employee who is then participating in the Entergy Long-Term Incentive Program under the
Entergy Stock Plan (or any successor thereto) the amount (if any) the TransCo Employee would have earned under any then pending performance cycles at the target level of performance had the TransCo Employee been eligible for such an incentive
payment, pro-rated for the portion of the performance period ending on the Closing Date. 

  
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 ARTICLE IX 
 INDEMNIFICATION 
 Section 9.1 Indemnification by the
Parties. Except as otherwise specifically set forth in any provision of this Agreement, (i) Entergy shall indemnify, defend and hold harmless the ITC Indemnitees and TransCo Indemnitees from and against, and shall reimburse such Indemnitees
with respect to, any and all Losses that result from, relate to or arise, whether prior to or following the Distribution, any breach by any member of the Entergy Group of any provision of this Agreement and (ii) ITC and TransCo shall, on a
joint and several basis, indemnify, defend and hold harmless the Entergy Indemnitees from and against, and shall reimburse such Entergy Indemnitees with respect to, any and all Losses that result from, relate to or arise, whether prior to or
following the Separation Time, any breach by any member of the ITC Group or TransCo Group of any provision of this Agreement. 

Section 9.2 Procedures for Indemnification. 
 (a) An Indemnitee shall give the Indemnifying Party notice of any matter that an Indemnitee has determined has given or would reasonably be expected to give rise to a right of indemnification under this
Agreement (other than a Third-Party Claim which shall be governed by Section 9.2(b)), within twenty (20) Business Days of such determination, stating the amount of the Loss claimed, if known, and method of computation thereof, and
containing a reference to the provisions of this Agreement in respect of which such right of indemnification is claimed by such Indemnitee or arises; provided, that the failure to provide such notice shall not release the Indemnifying Party
from any of its obligations except and solely to the extent the Indemnifying Party shall have been materially prejudiced as a result of such failure. 
 (b) If a claim or demand is made against an Indemnitee by any Person who is not a party to this Agreement or an Affiliate of a Party (a “Third-Party Claim”) as to which such Indemnitee is
or reasonably expects to be entitled to indemnification pursuant to this Agreement, such Indemnitee shall notify the Party that is or may be required pursuant to this Article IX to make such indemnification (the “Indemnifying
Party”) in writing, and in reasonable detail, of the Third-Party Claim promptly (and in any event within thirty (30) calendar days) after receipt by such Indemnitee of written notice of the Third-Party Claim; provided, that the
failure to provide notice of any such Third-Party Claim pursuant to this sentence shall not release the Indemnifying Party from any of its obligations except and solely to the extent the Indemnifying Party shall have been materially prejudiced as a
result of such failure (except that the Indemnifying Party or Parties shall not be liable for any expenses incurred by the Indemnitee in defending such Third-Party Claim during the period in which the Indemnitee failed to give such notice).
Thereafter, the Indemnitee shall deliver to the Indemnifying Party, promptly (and in any event within ten (10) Business Days) after the Indemnitee’s receipt thereof, copies of all notices and documents (including court papers) received by
the Indemnitee relating to the Third-Party Claim. 
 (c) An Indemnifying Party shall be entitled (but shall not be required) to
assume, control the defense of, and settle any Third-Party Claim, at such Indemnifying Party’s own cost and expense and by such Indemnifying Party’s own counsel, which counsel must be reasonably acceptable to the applicable Indemnitees, if
it gives written notice of its intention to do 

  
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so and agreement that the Indemnitee is entitled to indemnification under this Article IX to the applicable Indemnitees within thirty (30) calendar days of the receipt of notice from
such Indemnitees of the Third-Party Claim. After such notice from an Indemnifying Party to an Indemnitee of its election to assume the defense of a Third-Party Claim, such Indemnitee shall have the right to employ separate counsel and to participate
in (but not control) the defense, compromise or settlement thereof, at its own expense and, in any event, shall reasonably cooperate with the Indemnifying Party in such defense and make available to the Indemnifying Party all witnesses, pertinent
and material Information and materials in such Indemnitee’s possession or under such Indemnitee’s control relating thereto as are reasonably required by the Indemnifying Party; provided, that such access shall not require the
Indemnittee to disclose any information the disclosure of which would, in the reasonable judgment of the Indemnitee, result in the loss of any existing attorney-client privilege with respect to such information or violate any applicable Law.

 (d) Notwithstanding anything to the contrary in this Section 9.2, in the event that (i) an Indemnifying
Party elects not to assume responsibility for defending a Third-Party Claim, (ii) there exists a conflict of interest or potential conflict of interest between the Indemnifying Party and the applicable Indemnitee(s), (iii) any Third-Party
Claim seeks an order, injunction or other equitable relief or relief for other than money damages against the Indemnitee, (iv) the Indemnifying Party shall not have employed counsel to represent the Indemnitee within thirty (30) calendar
days after notice from the Indemnitee of such Third-Party Claim, (v) the Indemnitee’s exposure to Liability in connection with such Third-Party Claim is reasonably expected to exceed the Indemnifying Party’s exposure in respect of
such Third-Party Claim taking into account the indemnification obligations hereunder or (vi) the party making such Third-Party Claim is a Governmental Authority with regulatory authority over the Indemnitee or any of its material Assets, such
Indemnitee(s) shall be entitled to assume the defense of such Third-Party Claim, at the Indemnifying Party’s expense, with counsel of such Indemnitee’s choosing. If the Indemnitee is conducting the defense against any such Third-Party
Claim, the Indemnifying Party shall reasonably cooperate with the Indemnitee in such defense and make available to the Indemnitee all witnesses, pertinent and material Information and materials in such Indemnifying Party’s possession or under
such Indemnifying Party’s control relating thereto as are reasonably required by the Indemnitee; provided, that such access shall not require the Indemnifying Party to disclose any information the disclosure of which would, in the
reasonable judgment of the Indemnifying Party, result in the loss of any existing attorney-client privilege with respect to such information or violate any applicable Law. 
 (e) Unless the Indemnifying Party has failed to assume the defense of the Third-Party Claim in accordance with the terms of this Agreement, no Indemnitee may settle or compromise any Third-Party Claim
without the consent of the Indemnifying Party, which consent shall not be unreasonably withheld, conditioned or delayed. If an Indemnifying Party has failed to assume the defense of the Third-Party Claim, it shall not be a defense to any obligation
to pay any amount in respect of such Third-Party Claim that the Indemnifying Party was not consulted in the defense thereof, that such Indemnifying Party’s views or opinions as to the conduct of such defense were not accepted or adopted, that
such Indemnifying Party does not approve of the quality or manner of the defense thereof or that such Third-Party Claim was incurred by reason of a settlement rather than by a judgment or other determination of liability. 

  
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 (f) In the case of a Third-Party Claim, no Indemnifying Party shall consent to entry of any
judgment or enter into any settlement of the Third-Party Claim without the consent (not to be unreasonably withheld, conditioned or delayed) of the Indemnitee if the effect thereof is to permit any injunction, declaratory judgment, other order or
other non-monetary relief to be entered, directly or indirectly, against any Indemnitee, does not release the Indemnitee from all liabilities and obligations with respect to such Third-Party Claim or includes an admission of guilt or liability on
behalf of the Indemnitee. 
 (g) Except as otherwise provided in Section 11.3, absent fraud or intentional
misconduct by an Indemnifying Party, the indemnification provisions of this Article IX shall be the sole and exclusive remedy of an Indemnitee for any monetary or compensatory damages or Losses resulting from any breach of this Agreement, and
each Indemnitee expressly waives and relinquishes any and all rights, claims or remedies such Person may have with respect to the foregoing other than under this Article IX against any Indemnifying Party. 

Section 9.3 Indemnification Obligations Net of Proceeds Received from Third Parties. 

(a) Any Liability subject to indemnification or contribution pursuant to this ARTICLE IX will be (i) net of any proceeds
received by the Indemnitee from any third party for indemnification for such Liability that actually reduce the amount of the Liability (“Third-Party Proceeds”) and (ii) be determined on a Net-Tax Basis. Accordingly, the amount
which any Indemnifying Party is required to pay pursuant to this ARTICLE IX to any Indemnitee pursuant to this ARTICLE IX will be reduced by Third-Party Proceeds theretofore actually recovered by or on behalf of the Indemnitee in
respect of the related Liability. If an Indemnitee receives a payment required by this Agreement from an Indemnifying Party in respect of any Liability (an “Indemnity Payment”) and subsequently receives Third-Party Proceeds, then
the Indemnitee will pay to the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over the amount of the Indemnity Payment that would have been due if the Third-Party Proceeds had been received, realized or recovered
before the Indemnity Payment was made. 
 (b) The Indemnitee shall use commercially reasonable efforts to seek to collect or
recover any Third-Party Proceeds to which the Indemnitee is entitled in connection with any Liability for which the Indemnitee seeks contribution or indemnification pursuant to this ARTICLE IX; provided, that the Indemnitee’s
inability to collect or recover any such Third-Party Proceeds shall not limit the Indemnifying Party’s obligations hereunder. 
 (c) The term “Net-Tax Basis” means that, in determining the amount of the payment necessary to indemnify any Indemnitee against, or reimburse any Indemnitee for, any Liability, such
amount will be increased to take account of all or any portion of the indemnification payment (including any increase of the indemnification payment attributable hereto) being properly includable in the income of the Indemnitee; provided that any
such increase shall be net of any Tax benefit attributable to the capitalization or deduction of such Liability of the Indemnitee. For purposes of determining Net-Tax Basis, any inclusion in income or Tax benefit shall be determined on a
hypothetical basis (i) using the highest federal marginal corporate income tax rate in the applicable year of inclusion plus three percent (3%), (ii) assuming that the Indemnitee will be liable for Taxes at such rate and has no net
operating losses, capital losses or tax 

  
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credits, (iii) assuming that any Tax benefit is used at the earliest date allowable by applicable Law and (iv) for purposes of calculating the Tax benefit attributable to amounts
that will be depreciated or amortized in the future, utilizing a discount rate equal to six percent (6%). 
 Section 9.4
Certain Actions; Substitution; Subrogation. 
 (a) Certain Actions. Notwithstanding anything to the contrary set
forth in Section 9.2, Entergy and TransCo shall jointly control the defense of any and all Actions pending at the Separation Time which otherwise would be subject to this Article IX and as to which a member of the Entergy Group is
also named as a target or defendant thereunder; provided, that (i) Entergy and TransCo shall defend such Actions in good faith, (ii) Entergy and TransCo shall reasonably consult with the other on a regular basis with respect to
strategy and developments with respect to any such Action, (iii) each of Entergy and TransCo shall have the right to participate in and employ separate counsel in connection with the defense, compromise or settlement of such Action at its own
cost and expense and (iv) each of Entergy and TransCo must consent, such consent not to be unreasonably withheld, conditioned or delayed, to settle or compromise or consent to the entry of judgment with respect to such Action if such
settlement, consent or judgment would require either Party (or any of its Affiliates) to admit any guilt or fault or incur any Liability, does not release such Party (or any of its Affiliates) completely in connection with such Action, or imposes
injunctive or other equitable relief against such Party (or any of its Affiliates). After any such compromise, settlement, consent to entry of judgment or entry of judgment, Entergy and TransCo shall agree upon a reasonable allocation to TransCo of,
and TransCo shall be responsible for or receive, as the case may be, TransCo’s proportionate share of any such compromise, settlement, consent or judgment attributable to the TransCo, including its proportionate share of the reasonable costs
and expenses associated with defending the same. 
 (b) Substitution. In the event of an Action that involves solely
matters that are indemnifiable and in which the Indemnifying Party is not a named defendant, if either the Indemnitee or the Indemnifying Party so requests, the Parties shall use commercially reasonable efforts to substitute the Indemnifying Party
for the named but not liable defendant to be removed from such Action and such defendants shall not be required to make any payments or contribution in connection therewith (regardless if such removal is successful or not). If such substitution or
addition cannot be achieved for any reason or is not requested, the rights and obligations of the Parties regarding indemnification and the management of the defense of claims as set forth in this ARTICLE IX shall not be affected.

 (c) Subrogation. In the event of payment by or on behalf of any Indemnifying Party to or on behalf of any Indemnitee
in connection with any Third-Party Claim, such Indemnifying Party shall be subrogated to and shall stand in the place of such Indemnitee, in whole or in part based upon and in proportion to the amount of the Indemnitee’s Liability that the
Indemnifying Party has paid, as to any events or circumstances in respect of which such Indemnitee may have any right, defense or claim relating to such Third-Party Claim against any claimant or plaintiff asserting such Third-Party Claim or against
any other Person. Such Indemnitee shall cooperate with such Indemnifying Party in a reasonable manner, and at the cost and expense of such Indemnifying Party, in prosecuting any subrogated right, defense or claim. 

  
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 Section 9.5 Payments. Indemnification required by this ARTICLE IX shall
be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or a Loss or Liability incurred. 
 ARTICLE X 
 GENERAL AND ADMINISTRATIVE 

Section 10.1 Sharing of Information. To the extent permitted by applicable Law, Entergy, TransCo and ITC shall provide to
each other and their respective agents and vendors all Information (other than attorney-client privileged Information or attorney work product) as the other may reasonably request to enable the requesting Party to defend or prosecute claims,
administer efficiently and accurately each of its Benefit Arrangements (including in connection with audits or other proceedings maintained by any Governmental Authority), to timely and accurately comply with and report under Section 14 of the
Securities Exchange Act of 1934, as amended and the Code, to determine the scope of, as well as fulfill, its obligations under this Agreement, and otherwise to comply with provisions of applicable Law. Such Information shall, to the extent
reasonably practicable, be provided in the format and at the times and places requested, but in no event shall the Party providing such Information be obligated to incur any out-of-pocket expenses not reimbursed by the Party making such request or
make such Information available outside of its normal business hours and premises. Any Information shared or exchanged pursuant to this Agreement shall be subject to the confidentiality requirements set forth in ARTICLE VII of the Separation
Agreement; provided, that, notwithstanding anything in such ARTICLE VII and without otherwise limiting the provisions of such ARTICLE VII, each of the Parties shall comply with any requirement of applicable Law in regard to the
confidentiality of the Information (whether relating to employee records or otherwise) that is shared with another Party in accordance with this Section 10.1. The Parties also hereby agree to enter into any business associate agreements
that may be required for the sharing of any Information pursuant to this Agreement to comply with the requirements of HIPAA. The Parties shall use their best efforts to secure consents or authorizations from employees, former employees and their
respective dependents to the extent required to permit the Parties to share Information as contemplated in this Section 10.1. 
 Section 10.2 Reasonable Efforts/Cooperation. Each of the Parties shall use reasonable best efforts (subject to, and in accordance with applicable Law) to be take promptly, or cause to be taken
promptly, all actions, and to do promptly, or cause to be done promptly, and to assist and cooperate with the other Parties in doing, all things reasonably necessary, proper or advisable to consummate and make effective the transactions contemplated
by and carry out the intent and purposes of this Agreement, including adopting plans or plan amendments and including using reasonable best efforts to obtain satisfaction of the conditions precedent to each Party’s obligations hereunder within
its reasonable control and to perform all covenants and agreements herein applicable to such Party and (ii) none of the Parties will, without the prior written consent of the other applicable Party, take any action which would reasonably be
expected to prevent or materially impede, interfere with or delay the transactions contemplated by this Agreement. Without limiting the generality of the foregoing, where the cooperation of third parties, such as insurers or trustees, would be
necessary in order for a Party to completely fulfill its 

  
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obligations under this Agreement, such Party shall use reasonable best efforts to cause such third parties to provide such cooperation. Without limiting the foregoing provisions of this
Section 10.2, each of the Parties shall cooperate fully on any issue relating to the transactions contemplated by this Agreement for which the other Party seeks a determination letter or private letter ruling from the IRS, an advisory
opinion from the Department of Labor or any other filing, consent or approval with respect to or by a Governmental Authority. 

Section 10.3 Employer Rights. Without limiting Section 2.8 and except as otherwise expressly provided in this
Agreement (including Section 2.2 and Section 5.2(a)), nothing in this Agreement shall prohibit any Party or any of their respective Affiliates from amending, modifying or terminating any of their respective Benefit
Arrangements at any time within their sole discretion. 
 Section 10.4 Effect on Employment. Without limiting
Section 2.3 or Section 2.4, except as expressly provided in this Agreement, the mere occurrence of the Separation, Distribution or Merger shall not cause any employee to be deemed to have incurred a termination of employment
which entitles such individual to the commencement of benefits under any of the Entergy Benefit Arrangements or any of the Collective Bargaining Agreements (provided that TransCo Employees may become eligible for a distribution from the Entergy
Savings Plan in accordance with the terms of such plan). 
 Section 10.5 Consent of Third Parties. If any provision
of this Agreement is dependent on the Consent of any third party and such Consent is withheld, the Parties hereto shall use their reasonable best efforts to implement the applicable provisions of this Agreement to the fullest extent practicable. If
any provision of this Agreement cannot be implemented due to the failure of such third party to consent, the Parties hereto shall negotiate in good faith to implement the provision (as applicable) in a mutually satisfactory manner. 

Section 10.6 Access to Employees. On and after the Closing Date, Entergy, TransCo and ITC shall, and shall cause each of
their respective Affiliates to, use their best efforts to make available to each other those of their employees who may reasonably be needed in order to defend or prosecute any legal or administrative Action (other than a legal action between or
among any of the Parties) to which any employee, director or Benefit Arrangement of the Entergy Group, TransCo Group or ITC Group is a party and which relates in any way to their respective employment or to their respective Benefit Arrangements
prior to the Closing Date. The Party to whom an employee is made available in accordance with this Section 10.6 shall pay or reimburse the other Party for all reasonable expenses which may be incurred by such employee in connection
therewith, including all reasonable travel, lodging, and meal expenses. 
 Section 10.7 Beneficiary Designation/Release
of Information/Right to Reimbursement. Without limiting the provisions of Section 2.7 or Section 3.2(c) or other provisions of this Agreement, to the extent permitted by applicable Law and except as otherwise provided for
in this Agreement, all beneficiary designations, authorizations for the release of Information and rights to reimbursement made by or relating to TransCo Employees under Entergy Benefit Arrangements shall be transferred to and be in full force and
effect under the corresponding ITC Benefit Arrangements until such beneficiary designations, authorizations or rights are replaced or revoked by, or no longer apply, to the relevant TransCo Employee. 

  
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 ARTICLE XI 
 MISCELLANEOUS 
 Section 11.1 Entire Agreement. This
Agreement, including the Exhibits and Schedules, the Confidentiality Agreements, the Collective Bargaining Agreements, the Merger Agreement, the Separation Agreement and the other Ancillary Agreements, including any related annexes, schedules and
exhibits, as well as any other agreements and documents referred to herein and therein, shall together constitute the entire agreement between the Parties with respect to the subject matter hereof and thereof and shall supersede all prior
negotiations, agreements and understandings of the Parties of any nature, whether oral or written, with respect to such subject matter. In the event of any conflict between the terms and conditions of the body of this Agreement and the terms and
conditions of any Schedule or Exhibit, the terms and conditions of such Schedule or Exhibit shall control. 
 Section 11.2
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other
jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. 

Section 11.3 Specific Performance; Jurisdiction. The Parties understand and agree that the covenants and agreements on each
of their parts herein contained are uniquely related to the desire of the Parties and their respective Affiliates to consummate the Transactions (within the meaning of the Separation Agreement), that the Transactions (within the meaning of the
Separation Agreement) are a unique business opportunity at a unique time for each of Entergy and ITC and their respective Affiliates, and further agree that irreparable damage would occur in the event that any provision of this Agreement were not
performed in accordance with its specific terms and further agree that, although monetary damages may be available for the breach of such covenants and agreements, monetary damages would be an inadequate remedy therefor. It is accordingly agreed
that, in addition to any other remedy that may be available to it, including monetary damages, each of the Parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and
provisions of this Agreement exclusively in the Delaware Court of Chancery and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any
state or federal court within the State of Delaware). Each of the Parties further agrees that no Party shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred
to in this Section 11.3 and each Party waives any objection to the imposition of such relief or any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument. In addition, each of the
Parties irrevocably agrees that any legal action or proceeding with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and
obligations arising hereunder 

  
 30 

 
brought by any Party or its successors or assigns, shall be brought and determined exclusively in the Delaware Court of Chancery and any state appellate court therefrom within the State of
Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any state or federal court within the State of Delaware). Each of the Parties hereby irrevocably submits with regard to any such action or
proceeding for itself and in respect of its property, generally and unconditionally, to the personal jurisdiction of the aforesaid courts and agrees that it will not bring any action relating to this Agreement or any of the transactions contemplated
by this Agreement in any court other than the aforesaid courts. Each of the Parties hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any action or proceeding with respect to this
Agreement, (a) any claim that it is not personally subject to the jurisdiction of the above named courts for any reason other than the failure to serve in accordance with this Section 11.3, (b) any claim that it or its property
is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or
otherwise) and (c) to the fullest extent permitted by the applicable Law, any claim that (i) the suit, action or proceeding in such court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is
improper or (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such courts. 

Section 11.4 Waiver of Jury Trial. EACH OF THE PARTIES IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 11.5 Notices. All
notices, requests, permissions, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given (a) five (5) Business Days following sending by registered or certified mail, postage prepaid,
(b) when sent, if sent by facsimile, provided, that the facsimile transmission is promptly confirmed and any facsimile or email transmission received after 5:00 p.m. Eastern Time shall be deemed received at 9:00 a.m. Eastern Time on the
following Business Day, (c) when delivered, if delivered personally to the intended recipient and (d) one (1) Business Day following sending by overnight delivery via a national courier service and, in each case, addressed to a Party
at the following address for such Party: 
  

	 	(a)	If to ITC: 

 ITC Holdings Corp.

 27175 Energy Way 
 Novi, MI 48377 
 Attn: Daniel J. Oginsky, Senior Vice President and General
Counsel 
 Facsimile: (248) 946-3562 
 with a copy to (which shall not constitute notice): 
 Simpson Thacher &
Bartlett LLP 
 425 Lexington Avenue 
 New York, NY 10017-3954 
 Attn: Gregory T. Grogan, Esq. 

Facsimile: (212) 455-2502 

  
 31 

	 	(b)	If to Entergy: 

 Entergy
Corporation 
 639 Loyola Avenue 
 New Orleans, LA 70113 
 Attn: J. Wayne Leonard, Chief Executive Officer

 Facsimile: (504) 576-2776 
 with a copy to (which shall not constitute notice): 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 1440 New York Avenue, N.W. 

Washington, D.C. 20005 

			
	Attn:	 	Pankaj K. Sinha, Esq.
		 	Michael P. Rogan, Esq.

 Facsimile: (202) 393-5760 

 

	 	(c)	If to TransCo prior to the Distribution Date: 

 Mid South TransCo LLC 
 c/o Entergy Corporation 

639 Loyola Avenue 
 New Orleans, LA 70113 
 Attn: J. Wayne Leonard, Chief Executive Officer

 Facsimile: (504) 576-2776 
 with a copy to (which shall not constitute notice): 
 Skadden, Arps, Slate,
Meagher & Flom LLP 
 1440 New York Avenue, N.W. 

Washington, D.C. 20005 

			
	Attn:	 	Pankaj K. Sinha, Esq.
		 	Michael P. Rogan, Esq.

 Facsimile: (202) 393-5760 

 

	 	(d)	If to TransCo on or after the Distribution Date: 

 Mid South TransCo LLC 
 c/o ITC Holdings Corp. 

27175 Energy Way 
 Novi, MI 48377 
 Attn: Daniel J. Oginsky, Senior Vice President and General
Counsel 
 Facsimile: (248) 946-3562 

  
 32 

 with a copy to (which shall not constitute notice): 

Simpson Thacher & Bartlett LLP 
 425 Lexington Avenue 
 New York, NY 10017-3954 

Attn: Gregory T. Grogan, Esq. 
 Facsimile: (212) 455-2502 
 or to such other address(es) as shall be furnished in writing by
any such Party to the other Party in accordance with the provisions of this Section 11.5. 
 Section 11.6
Amendments and Waivers. 
 (a) This Agreement may be amended and any provision of this Agreement may be waived,
provided, that any such amendment or waiver shall be binding upon a Party only if such waiver is set forth in a writing executed by such Party and any such amendment shall be effective only if set forth in a writing executed by each of the
Parties. No course of dealing between or among any Persons having any interest in this Agreement shall be deemed effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any Party under or by reason of this
Agreement. 
 (b) No delay or failure in exercising any right, power or remedy hereunder shall affect or operate as a waiver
thereof; nor shall any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power or remedy preclude any further exercise thereof or of any other right, power or remedy. The rights and remedies
hereunder are cumulative and not exclusive of any rights or remedies that any Party would otherwise have. Any waiver, permit, consent or approval of any kind or character of any breach or default under this Agreement or any such waiver of any
provision of this Agreement must satisfy the conditions set forth in Section 11.6(a) and shall be effective only to the extent in such writing specifically set forth. 

Section 11.7 Termination. This Agreement shall terminate without further action at any time before the Closing upon
termination of the Merger Agreement. If terminated, no Party shall have any Liability of any kind to the other Party or any other Person on account of this Agreement, except as provided in the Merger Agreement. 

Section 11.8 No Third-Party Beneficiaries. Except for the provisions of Article IX with respect to indemnification of
Indemnitees, which is intended to benefit and be enforceable by the Persons specified therein as Indemnitees, this Agreement is solely for the benefit of the Parties and does not confer on third parties (including any employees of any member of the
Entergy Group, the TransCo Group or the ITC Group) any remedy, claim, reimbursement, claim of action or other right in addition to those existing without reference to this Agreement. 

Section 11.9 Assignability; Binding Effect. This Agreement is not assignable by any Party without the prior written consent
of the other Parties and any attempt to assign this Agreement without such consent shall be void and of no effect. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns.

  
 33 

 Section 11.10 Construction; Interpretation. Headings of the Articles and
Sections of this Agreement are for convenience of the parties only and shall be given no substantive or interpretive effect whatsoever. The table of contents to this Agreement is for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement. Whenever required by the context, any pronoun used in this Agreement or the Schedules and Exhibits hereto shall include the corresponding masculine, feminine or neuter forms, and the singular forms of
nouns, pronouns and verbs shall include the plural and vice versa. Reference to any agreement, document, or instrument means such agreement, document or instrument as amended or otherwise modified from time to time in accordance with the terms
thereof, and if applicable hereof. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words
“hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The Parties have participated
jointly in the negotiation and drafting of this Agreement, the Merger Agreement, the Separation Agreement and the other Ancillary Agreements. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed
as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement. 

Section 11.11 Severability. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction
shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement in any other jurisdiction. If any provision of this
Agreement is so broad as to be unenforceable, such provision shall be interpreted to be only so broad as is enforceable. 

Section 11.12 Counterparts. This Agreement may be executed in multiple counterparts (any one of which need not contain the
signatures of more than one Party), each of which shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. This Agreement, and any amendments hereto, to the extent signed and delivered by means
of a facsimile machine or other electronic transmission, shall be treated in all manner and respects as an original agreement and shall be considered to have the same binding legal effects as if it were the original signed version thereof delivered
in person. At the request of any Party, the other Party shall re-execute original forms thereof and deliver them to the requesting Party. No Party shall raise the use of a facsimile machine or other electronic means to deliver a signature or the
fact that any signature was transmitted or communicated through the use of a facsimile machine or other electronic means as a defense to the formation of a Contract and each such Party forever waives any such defense. 

Section 11.13 Relationship of Parties. Nothing in this Agreement shall be deemed or construed by the Parties or any third
party as creating the relationship of principal and agent, partnership, joint venture or joint employer relationship between or among the Parties, it being understood and agreed that no provision contained herein, and no act of the Parties, shall be
deemed to create any relationship between or among the Parties other than the relationship set forth herein. 

  
 34 

 Section 11.14 Subsidiaries. Each of the Parties shall cause to be performed all
actions, agreements and obligations set forth herein to be performed by any Subsidiary or Affiliate of such Party or by any entity that becomes a Subsidiary or Affiliate of such Party on or after the date hereof. Each of the Parties may assign to
one of its respective Subsidiaries or Affiliates (including any Person which becomes a Subsidiary or Affiliate on or after the date hereof) the requirement to take any or all actions and discharge any or all obligations set forth herein to be
performed or discharged by the Party. In no event shall this Agreement be construed as establishing a partnership or joint venture or similar relationship between or among a Party and its Subsidiaries or Affiliates or to cause any such Person to be
treated as the alter ego of the other. 
 Section 11.15 Dispute Resolution. Any controversy, dispute or claim
arising out of, in connection with, or in relation to the interpretation, performance, nonperformance, validity, termination or breach of this Agreement or otherwise arising out of, or in any way related to this Agreement or the transactions
contemplated hereby or thereby shall be subject to the dispute resolutions procedures set forth in Article X of the Separation Agreement. 
 [Remainder of this page intentionally left blank.] 

  
 35 

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

			
	ENTERGY CORPORATION
		
	By:	 	 /s/ J. Wayne Leonard

	Name:	 	J. Wayne Leonard
	Title:	 	Chairman and Chief Executive Officer
	
	MID SOUTH TRANSCO LLC
		
	By:	 	 /s/ Theodore H. Bunting, Jr.

	Name:	 	Theodore H. Bunting, Jr.
	Title:	 	President

  

Signature Pages to the Employee Matters Agreement 

 
			
	ITC HOLDINGS CORP.
		
	By:	 	 /s/ Joseph L. Welch

	Name:	 	Joseph L. Welch
	Title:	 	President and Chief Executive Officer

  

Signature Pages to the Employee Matters Agreement

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