Document:

Exhibit 41

		

			Exhibit 4.1

		

		
			 
		

		
			FIRST AMENDMENT
		

		
			 
		

		
			TO
		

		
			 
		

		
			SIXTH AMENDED AND RESTATED CREDIT AGREEMENT
		

		
			
DATED AS OF April 27, 2015

AMONG
		

		
			 
		

		
			WHITING PETROLEUM CORPORATION,
		

		
			as Parent Guarantor,

WHITING OIL AND GAS CORPORATION,
as Borrower,

JPMORGAN CHASE BANK, N.A.,
as Administrative Agent,

and

The Lenders Party Hereto

		

		
			 
		

		

		

		 

 

		

			 

		

		FIRST AMENDMENT TO CREDIT AGREEMENT 
		

		
			This First Amendment to the Sixth Amended and Restated Credit Agreement (this “First Amendment”), dated as of April 27, 2015, is among Whiting Oil and Gas Corporation, a Delaware corporation (the “Borrower”), Whiting Petroleum Corporation, a Delaware corporation (the “Parent Guarantor”), each Lender (as defined below) party hereto, and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, together with its successors and assigns, the “Administrative Agent”).
		

		
			RECITALS
		

			
	
			
				 A.
			The Borrower, the Parent Guarantor, the Administrative Agent and the banks and other financial institutions from time to time party thereto (together with their respective successors and assigns in such capacity, each a “Lender”) have entered into that certain Sixth Amended and Restated Credit Agreement dated as of August 27, 2014 (as amended, restated, modified or supplemented from time to time, the “Credit Agreement”).

			
	
			
				 B.
			The Borrower, Administrative Agent and Required Revolving Lenders desire to redetermine the Borrowing Base as set forth below.

			
	
			
				 C.
			The Borrower has requested and the required Lenders have agreed to amend certain provisions of the Credit Agreement on the terms and conditions set forth herein.

			
	
			
				 D.
			NOW, THEREFORE, to induce the Administrative Agent and the Lenders to enter into this First Amendment and in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

			
	
			
				 Section 1.
			Definitions.  Unless otherwise defined in this First Amendment, each capitalized term used in this First Amendment has the meaning assigned to such term in the Credit Agreement. Unless otherwise indicated, all section references in this First Amendment refer to sections of the Credit Agreement.

			
	
			
				 Section 2.
			Amendments to Credit Agreement.

			
	
			
				 2.1
			Section 1.1.  The following defined terms are hereby amended or added in their entirety to read as follows:

		
			“Existing Ratio of Total Debt to EBITDAX Covenant” means the following covenant:
		

		
			Ratio of Total Debt to EBITDAX.  The Parent Guarantor will not, as of the last day of any fiscal quarter, permit its ratio of Total Debt as of such date to EBITDAX for the four fiscal quarters ending on such date to be greater than 4.0 to 1.0. 
		

		
			“Interim Covenant Period” means the period commencing on June 30, 2015 and ending on the earlier of (a) January 1, 2017 and (b) the date upon which all 
		

		 

		

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		Collateral has been released as the result of the commencement of an Investment Grade Rating Period pursuant to the provisions of Section 12.14 (it being understood that if such Investment Grade Rating Period shall thereafter terminate, then, subject to the immediately preceding clause (a), the Interim Covenant Period shall be reinstated as if such Investment Grade Rating Period had not occurred).
		

		
			“Regular Covenant Period” shall mean any period other than an Interim Covenant Period.
		

		
			“Total Senior Secured Debt”  means the portion of Total Debt that is secured by a Lien on any assets of the Parent Guarantor and/or any Consolidated Subsidiary.
		

			
	
			
				 2.2
			Amendment to Section 9.01(a). Section 9.01(a) of the Credit Agreement is hereby amended in its entirety to read as follows:

			
	
			
				 (a)
			

			
	
			
			“Ratio of Total Debt to EBITDAX.  During a Regular Covenant Period, the Parent Guarantor shall comply with the Existing Ratio of Total Debt to EBITDAX Covenant as of the last day of each fiscal quarter ending during such Regular Covenant Period.  During an Interim Covenant Period, the Parent Guarantor will not, as of the last day of any fiscal quarter ending during such Interim Covenant Period, permit its ratio of Total Senior Secured Debt as of such date to EBITDAX for the four fiscal quarters ending on such date to be greater than 2.5 to 1.0.

			
	
			
				 2.3
			Reallocation. The Revolving Lenders have agreed among themselves to assign and reallocate the Revolving Commitments and Revolving Credit Exposures such that after giving effect to such reallocation the Maximum Revolving Credit Amounts of the Lenders shall be as set forth on Annex 1 to this First Amendment. After giving effect to the reallocation contemplated hereby, Annex I to the Credit Agreement is amended and restated to read as set forth on Annex 2 attached hereto.

		
			Each of the Administrative Agent, the Issuing Bank and the Borrower hereby consents to the reallocation of the Commitments and Revolving Credit Exposures.  Any assignments by the Lenders necessary to effect the reallocation of the Revolving Commitments and Revolving Credit Exposures are hereby consummated pursuant to the terms and provisions of this Section 2.3 of this First Amendment.  On the Effective Date and after giving effect to such reallocation, the Maximum Revolving Credit Amount of each Revolving Lender shall be as set forth on Annex 1 to this First Amendment.  Each Lender party hereto hereby consents and agrees to the Maximum Revolving Credit Amounts as set forth on Annex 1 of this First Amendment.
		

		
			For the avoidance of doubt, neither the execution and delivery of any Assignment and Assumption, Maximum Credit Amount Increase Certificate or Additional Lender Certificate, nor the payment of any processing or recordation fee, shall be necessary in connection with the foregoing reallocation.  
		

		 

		

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				 2.4
			New Lenders.

		
			(a)Each financial institution party hereto as a Lender that has not been a Lender prior to the date hereof (each a “New Lender”) hereby agrees (i) to become a Lender under the Credit Agreement as of the Effective Date with the effect that the Maximum Revolving Credit Amount for such New Lender shall be as set forth on Annex 1 to this First Amendment and (ii) that it shall be deemed to be, and hereby becomes as of the Effective Date, a party in all respect to the Credit Agreement and the other Loan Documents to which the Lenders are party and shall have the rights and obligations of a Lender under the Credit Agreement and the other Loan Documents.
		

		
			(b)Each New Lender (i) represents and warrants as of the Effective Date that (A) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement and, to the extent of its Revolving Commitment under the Credit Agreement, shall have the obligations of a Lender thereunder, (B) it has received a copy of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into the Credit Agreement (and this First Amendment) on the basis of which it has made such analysis and decision, (C) if it is a Foreign Lender, it has provided to the Administrative Agent and the Borrower all documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by such New Lender, and (D) it is not (and would not be after giving effect to this First Amendment) a Defaulting Lender, an Affiliate thereof or a Disqualified Institution, and (ii) agrees that (A) it will, independently and without reliance on the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at that time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (B) 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.
		

		
			(c)Each New Lender further represents and warrants to the Administrative Agent, the Issuing Bank, each other Lender and the Borrower that (i) it has the full power and authority and the legal right to make, deliver and perform, and has taken all necessary action, to authorize the execution, delivery and performance of this First Amendment and to fulfill its obligations under, and to consummate the transactions contemplated by, this First Amendment, and no consent or authorization of, filing with, or other act by or in respect of any Governmental Authority, is required in connection herewith or therewith, and (ii) this First Amendment constitutes the legal, valid and binding obligation of such New Lender.
		

		
			(d)The address for notices for each of the undersigned New Lenders for the purposes of the Credit Agreement is as specified opposite its name on Annex 3 hereto.
		

		
			(e)For the avoidance of doubt, neither the execution and delivery of any Assignment and Assumption, Maximum Credit Amount Increase Certificate or Additional Lender Certificate, nor the payment of any processing or recordation fee, shall be necessary in connection with the foregoing addition of the New Lenders as Lenders.  
		

		 

		

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				 Section 3.
			Borrowing Base.  On May 1, 2015, the Borrowing Base shall be equal to $4,500,000,000, which Borrowing Base shall remain in effect until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under Section 2.07(e), Section 2.07(f) or Section 9.11, whichever occurs first.  Each of the Parent Guarantor and the Borrower, on the one hand, and the Administrative Agent and each of the Lenders party hereto (which constitute the Required Revolving Lenders), on the other hand, agree that the redetermination of the Borrowing Base pursuant to this Section 3 shall constitute the May 1, 2015 Scheduled Redetermination. This Section 3 constitutes (a) notice of the redetermined Borrowing Base in accordance with Section 2.07(d) of the Credit Agreement and (b) acknowledgement by the Required Revolving Lenders that they have approved the redetermined Borrowing Base consistent with each such Lender’s usual and customary oil and gas lending criteria as they currently exist as provided in Section 2.07(c)(iii) of the Credit Agreement.

			
	
			
				 Section 4.
			Effectiveness.  This First Amendment shall become effective on the first date on which each of the conditions set forth in this Section 4 is satisfied or waived in accordance with Section 12.02 of the Credit Agreement (the “Effective Date”):

			
	
			
				 4.1
			The Administrative Agent shall have received duly executed counterparts (in such number as may be requested by the Administrative Agent) of this First Amendment from the Borrower, the Parent Guarantor, the Majority Lenders, the Required Revolving Lenders and each other Lender with an increased Commitment and/or Maximum Revolving Credit Amount due to the reallocation pursuant to Section 2.3.

			
	
			
				 4.2
			The Borrower shall have paid all fees and other amounts due and payable on or prior to the Effective Date to the extent invoiced reasonably in advance of the Effective Date, including all reasonable out-of-pocket expenses so invoiced and required to be reimbursed or paid by the Borrower under the Credit Agreement.

			
	
			
				 4.3
			No Default or Event of Default shall have occurred and be continuing as of the date hereof, after giving effect to the terms of this First Amendment.

		
			The Administrative Agent shall promptly provide written notice to the Borrower and the Lenders of the occurrence of the Effective Date, which notice shall be conclusive and binding.  
		

			
	
			
				 Section 5.
			Governing Law.  THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

			
	
			
				 Section 6.
			Miscellaneous.  

			
	
			
				 6.1
			Confirmation.  The provisions of the Credit Agreement, as amended by this First Amendment, shall remain in full force and effect following the effectiveness of this First Amendment.

			
	
			
				 6.2
			Ratification and Affirmation; Representations and Warranties.  Each of the Borrower and the Parent Guarantor hereby (a) acknowledges the terms of this First Amendment; (b) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party and agrees that each Loan 
		

		 

		

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			Document to which it is a party remains in full force and effect, except as expressly amended hereby, notwithstanding the amendments contained herein; (c) confirms that the Security Instruments and all of the collateral described therein do and shall continue to secure the payment of all the Debt of the Credit Parties under the Loan Documents (subject to, and in accordance with, the terms of the Loan Documents), in each case, as amended by this First Amendment; and (d) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this First Amendment:  (i) all of the representations and warranties contained in each Loan Document to which it is a party are true and correct in all material respects (without duplication of any materiality qualifiers), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct as of such specified earlier date and (ii) no Default or Event of Default has occurred and is continuing.  

			
	
			
				 6.3
			No Waiver; Loan Document.  The execution, delivery and effectiveness of this First Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.  This First Amendment shall for all purposes constitute a Loan Document as defined and described in the Credit Agreement.

			
	
			
				 6.4
			Counterparts.  This First Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of this First Amendment by facsimile or electronic transmission in portable document format (.pdf) shall be effective as delivery of a manually executed counterpart hereof.

			
	
			
				 6.5
			NO ORAL AGREEMENT.  THIS FIRST AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.  AS OF THE DATE OF THIS FIRST AMENDMENT, THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES.

			
	
			
				 6.6
			Severability.  Any provision of this First Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

		
			[Signature Pages Follow]
		

		

		

		 

		

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

			
					
						 

					
					
						 

					
					
						 

				
	
					
						BORROWER:

					
					
						WHITING OIL AND GAS CORPORATION

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Michael J. Stevens

				
	
					
						 

					
					
						Name:

					
					
						Michael J. Stevens

				
	
					
						 

					
					
						Title:

					
					
						Vice President and Chief Financial Officer

				
	
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						PARENT GUARANTOR:

					
					
						WHITING PETROLEUM CORPORATION

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Michael J. Stevens

				
	
					
						 

					
					
						Name:

					
					
						Michael J. Stevens

				
	
					
						 

					
					
						Title:

					
					
						Vice President and Chief Financial Officer

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						JPMORGAN CHASE BANK, N.A., as Administrative Agent, Issuing Bank, and Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ David Morris

				
	
					
						 

					
					
						Name:

					
					
						David Morris

				
	
					
						 

					
					
						Title:

					
					
						Authorized Officer

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						BANK OF AMERICA, N.A., as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Ronald E. McKaig

				
	
					
						 

					
					
						Name:

					
					
						Ronald E. McKaig

				
	
					
						 

					
					
						Title:

					
					
						Managing Director

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						WELLS FARGO BANK, N.A., as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Sarah Thomas

				
	
					
						 

					
					
						Name:

					
					
						Sarah Thomas

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						COMPASS BANK, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Rhianna Disch

				
	
					
						 

					
					
						Name:

					
					
						Rhianna Disch

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						U.S. BANK NATIONAL ASSOCIATION, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Tara McLean

				
	
					
						 

					
					
						Name:

					
					
						Tara McLean

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Kristin N. Oswald

				
	
					
						 

					
					
						Name:

					
					
						Kristin N. Oswald

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						SUNTRUST BANK, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Shannon Juhan

				
	
					
						 

					
					
						Name:

					
					
						Shannon Juhan

				
	
					
						 

					
					
						Title:

					
					
						Director

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ROYAL BANK OF CANADA, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Kirstan Spivey

				
	
					
						 

					
					
						Name:

					
					
						Kristan Spivey

				
	
					
						 

					
					
						Title:

					
					
						Authorized Signatory

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Daria Mahoney

				
	
					
						 

					
					
						Name:

					
					
						Daria Mahoney

				
	
					
						 

					
					
						Title:

					
					
						Authorized Signatory

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ William M. Reid

				
	
					
						 

					
					
						Name:

					
					
						William M. Reid

				
	
					
						 

					
					
						Title:

					
					
						Authorized Signatory

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						MUFG UNION BANK, N.A., as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Brian Hawk

				
	
					
						 

					
					
						Name:

					
					
						Brian Hawk

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						KEYBANK NATIONAL ASSOCIATION, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ George E. McKean

				
	
					
						 

					
					
						Name:

					
					
						George E. McKean

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						THE BANK OF NOVA SCOTIA, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Alan Dawson

				
	
					
						 

					
					
						Name:

					
					
						Alan Dawson

				
	
					
						 

					
					
						Title:

					
					
						Director

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						SANTANDER BANK, N.A., as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Aidan Lanigan

				
	
					
						 

					
					
						Name:

					
					
						Aidan Lanigan

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Puiki Lok

				
	
					
						 

					
					
						Name:

					
					
						Puiki Lok

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ABN AMRO CAPITAL USA LLC, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Darrell Holley

				
	
					
						 

					
					
						Name:

					
					
						Darrell Holley

				
	
					
						 

					
					
						Title:

					
					
						Managing Director

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ David Montgomery

				
	
					
						 

					
					
						Name:

					
					
						David Montgomery

				
	
					
						 

					
					
						Title:

					
					
						Executive Director

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ING CAPITAL LLC, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Juli Bieser

				
	
					
						 

					
					
						Name:

					
					
						Juli Bieser

				
	
					
						 

					
					
						Title:

					
					
						Managing Director

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Scott Lamoreaux

				
	
					
						 

					
					
						Name:

					
					
						Scott Lamoreaux

				
	
					
						 

					
					
						Title:

					
					
						Director

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						CITIBANK, N.A., as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Cliff Vax

				
	
					
						 

					
					
						Name:

					
					
						Cliff Vax

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						COMERICA BANK, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Devin S. Eaton

				
	
					
						 

					
					
						Name:

					
					
						Devin S. Eaton

				
	
					
						 

					
					
						Title:

					
					
						Relationship Manager

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						BOKF, N.A., D/B/A BANK OF OKLAHOMA, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Michael M. Logan

				
	
					
						 

					
					
						Name:

					
					
						Michael M. Logan

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						FIFTH THIRD BANK, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Johnathan H. Lee

				
	
					
						 

					
					
						Name:

					
					
						Johnathan H. Lee

				
	
					
						 

					
					
						Title:

					
					
						Director

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						BRANCH BANKING AND TRUST COMPANY, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ James Giordano

				
	
					
						 

					
					
						Name:

					
					
						James Giordano

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						BNP PARIBAS, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Sriram Chandrasekaran

				
	
					
						 

					
					
						Name:

					
					
						Sriram Chandrasekaran

				
	
					
						 

					
					
						Title:

					
					
						Director

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Julien Pecoud-Bouvet

				
	
					
						 

					
					
						Name:

					
					
						Julien Pecoud-Bouvet

				
	
					
						 

					
					
						Title:

					
					
						Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						SUMITOMO MITSUI BANKING CORPORATION, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ James D. Weinstein

				
	
					
						 

					
					
						Name:

					
					
						James D. Weinstein

				
	
					
						 

					
					
						Title:

					
					
						Managing Director

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						HSBC BANK USA, NATIONAL ASSOCIATION, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Douglas A. Whiddon

				
	
					
						 

					
					
						Name:

					
					
						Douglas A. Whiddon

				
	
					
						 

					
					
						Title:

					
					
						Director

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						NATIXIS, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Carlos Quinteros

				
	
					
						 

					
					
						Name:

					
					
						Carlos Quinteros

				
	
					
						 

					
					
						Title:

					
					
						Managing Director

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Stuart Murray

				
	
					
						 

					
					
						Name:

					
					
						Stuart Murray

				
	
					
						 

					
					
						Title:

					
					
						Managing Director

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						REGIONS BANK, as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Kelly L. Elmore III

				
	
					
						 

					
					
						Name:

					
					
						Kelly L. Elmore III

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						RAYMOND JAMES BANK, N.A., as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Scott G. Axelrod

				
	
					
						 

					
					
						Name:

					
					
						Scott G. Axelrod

				
	
					
						 

					
					
						Title:

					
					
						Senior Vice President

				

		
			 
		

		

		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			 

		

		
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						MORGAN STANLEY BANK, N.A., as a Lender

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Michael King

				
	
					
						 

					
					
						Name:

					
					
						Michael King

				
	
					
						 

					
					
						Title:

					
					
						Authorized Signatory

				

		
			 
		

		 

		

			Signature Page

		

		

			WHITING OIL AND GAS CORPORATION – First Amendment

		

 

		

			ANNEX 1

		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
						Aggregate Maximum Credit Amounts

				
	
					
						Name of Lender

					
					
						Maximum Revolving Credit Amount Prior to Effective Date

					
					
						Maximum Revolving Credit Amount On Effective Date

				
	
					
						JPMorgan Chase Bank, N.A.

					
					
						$308,297,619.05

					
					
						$215,000,000.00

				
	
					
						Wells Fargo Bank, N.A.

					
					
						$308,297,619.04

					
					
						$210,000,000.00

				
	
					
						Bank of America, N.A.

					
					
						$308,297,619.04

					
					
						$210,000,000.00

				
	
					
						Compass Bank

					
					
						$287,035,714.29

					
					
						$195,000,000.00

				
	
					
						U.S. Bank National Association

					
					
						$287,035,714.29

					
					
						$195,000,000.00

				
	
					
						SunTrust Bank

					
					
						$287,035,714.29

					
					
						$195,000,000.00

				
	
					
						Capital One, National Association

					
					
						$189,000,000.00

					
					
						$195,000,000.00

				
	
					
						Royal Bank of Canada

					
					
						$105,000,000.00

					
					
						$145,000,000.00

				
	
					
						Canadian Imperial Bank of Commerce, New York Branch

					
					
						$105,000,000.00

					
					
						$145,000,000.00

				
	
					
						MUFG Union Bank, N.A.

					
					
						$105,000,000.00

					
					
						$145,000,000.00

				
	
					
						KeyBank National Association

					
					
						$105,000,000.00

					
					
						$105,000,000.00

				
	
					
						The Bank of Nova Scotia

					
					
						$105,000,000.00

					
					
						$145,000,000.00

				
	
					
						Santander Bank, N.A.

					
					
						$105,000,000.00

					
					
						$105,000,000.00

				
	
					
						ABN Amro Capital USA LLC

					
					
						$105,000,000.00

					
					
						$145,000,000.00

				
	
					
						ING Capital LLC

					
					
						$105,000,000.00

					
					
						$145,000,000.00

				
	
					
						Citibank, N.A.

					
					
						N/A

					
					
						$145,000,000.00

				
	
					
						Comerica Bank

					
					
						$70,000,000.00

					
					
						$80,000,000.00

				
	
					
						BOKF, N.A., d/b/a Bank of Oklahoma

					
					
						$70,000,000.00

					
					
						$80,000,000.00

				
	
					
						Fifth Third Bank

					
					
						$70,000,000.00

					
					
						$90,000,000.00

				

		 

		

			 

		

 

		

			ANNEX 1

		

			
					
						Branch Banking and Trust Company

					
					
						$70,000,000.00

					
					
						$90,000,000.00

				
	
					
						BNP Paribas

					
					
						$70,000,000.00

					
					
						$90,000,000.00

				
	
					
						Sumitomo Mitsui Banking Corporation

					
					
						$70,000,000.00

					
					
						$90,000,000.00

				
	
					
						HSBC Bank USA, National Association

					
					
						$70,000,000.00

					
					
						$90,000,000.00

				
	
					
						Natixis

					
					
						$70,000,000.00

					
					
						$90,000,000.00

				
	
					
						Regions Bank

					
					
						$70,000,000.00

					
					
						$90,000,000.00

				
	
					
						Raymond James Bank, N.A.

					
					
						$35,000,000.00

					
					
						$45,000,000.00

				
	
					
						Morgan Stanley Bank, N.A.

					
					
						$20,000,000.00

					
					
						$25,000,000.00

				
	
					
						TOTAL

					
					
						$3,500,000,000.00

					
					
						$3,500,000,000.00

				

		
			 
		

		 

		

			 

		

 

		

			ANNEX 2

		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Aggregate Maximum Credit Amounts

				
	
					
						Name of Lender

					
					
						Applicable Revolving Percentage

					
					
						Maximum Revolving Credit Amount

				
	
					
						JPMorgan Chase Bank, N.A.

					
					
						6.14%

					
					
						$215,000,000.00

				
	
					
						Wells Fargo Bank, N.A.

					
					
						6.00%

					
					
						$210,000,000.00

				
	
					
						Bank of America, N.A.

					
					
						6.00%

					
					
						$210,000,000.00

				
	
					
						Compass Bank

					
					
						5.57%

					
					
						$195,000,000.00

				
	
					
						U.S. Bank National Association

					
					
						5.57%

					
					
						$195,000,000.00

				
	
					
						SunTrust Bank

					
					
						5.57%

					
					
						$195,000,000.00

				
	
					
						Capital One, National Association

					
					
						5.57%

					
					
						$195,000,000.00

				
	
					
						Royal Bank of Canada

					
					
						4.14%

					
					
						$145,000,000.00

				
	
					
						Canadian Imperial Bank of Commerce, New York Branch

					
					
						4.14%

					
					
						$145,000,000.00

				
	
					
						MUFG Union Bank, N.A.

					
					
						4.14%

					
					
						$145,000,000.00

				
	
					
						KeyBank National Association

					
					
						3.00%

					
					
						$105,000,000.00

				
	
					
						The Bank of Nova Scotia

					
					
						4.14%

					
					
						$145,000,000.00

				
	
					
						Santander Bank, N.A.

					
					
						3.00%

					
					
						$105,000,000.00

				
	
					
						ABN Amro Capital USA LLC

					
					
						4.14%

					
					
						$145,000,000.00

				
	
					
						ING Capital LLC

					
					
						4.14%

					
					
						$145,000,000.00

				
	
					
						Citibank, N.A.

					
					
						4.14%

					
					
						$145,000,000.00

				
	
					
						Comerica Bank

					
					
						2.29%

					
					
						$80,000,000.00

				
	
					
						BOKF, N.A., d/b/a Bank of Oklahoma

					
					
						2.29%

					
					
						$80,000,000.00

				
	
					
						Fifth Third Bank

					
					
						2.57%

					
					
						$90,000,000.00

				
	
					
						Branch Banking and Trust Company

					
					
						2.57%

					
					
						$90,000,000.00

				

		 

		

			 

		

 

		

			ANNEX 2

		

			
					
						BNP Paribas

					
					
						2.57%

					
					
						$90,000,000.00

				
	
					
						Sumitomo Mitsui Banking Corporation

					
					
						2.57%

					
					
						$90,000,000.00

				
	
					
						HSBC Bank USA, National Association

					
					
						2.57%

					
					
						$90,000,000.00

				
	
					
						Natixis

					
					
						2.57%

					
					
						$90,000,000.00

				
	
					
						Regions Bank

					
					
						2.57%

					
					
						$90,000,000.00

				
	
					
						Raymond James Bank, N.A.

					
					
						1.29%

					
					
						$45,000,000.00

				
	
					
						Morgan Stanley Bank, N.A.

					
					
						0.71%

					
					
						$25,000,000.00

				
	
					
						TOTAL

					
					
						100.00%

					
					
						$3,500,000,000.00

				

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			ANNEX 3

		

		Addresses for Notices
		

			
					
						 

					
					
						 

					
						 

					
						 

					
						 

					
						 646-274-5000

					
						 

					
						 

				
	
					
						Citibank, N.A.

					
					
						Attn: Gavaskar Selvaraj

					
						1615 Brett Road, Building III

					
						New Castle, DE 19720

					
						 

					
						Telephone: 201-472-4414

					
						Facsimile: 646-274-5000

					
						Email: GLOriginationOps@citi.comINFA-2015.03.31-10Q-Ex10.1

EXHIBIT 10.1

JPMorgan Chase Bank, National Association 
P.O.  Box 161 
60 Victoria Embankment 
London EC4Y 0JP 
England

February 3, 2015
		
	To: 
	Informatica Corporation 
2100 Seaport Boulevard 
Redwood City, California 94063

Re:     Master Confirmation—Uncollared Accelerated Share Repurchase
This master confirmation (this “Master Confirmation”), dated as of February 3, 2015 is intended to set forth certain terms and provisions of certain Transactions (each, a “Transaction”) entered into from time to time between J.P. Morgan Securities LLC (“Agent”), as agent for JPMorgan Chase Bank, National Association, London Branch (“Dealer”), and Informatica Corporation, a Delaware corporation (“Counterparty”).  This Master Confirmation, taken alone, is neither a commitment by either party to enter into any Transaction nor evidence of a Transaction.  The additional terms of any particular Transaction shall be set forth in a Supplemental Confirmation in the form of Schedule A hereto (a “Supplemental Confirmation”), which shall reference this Master Confirmation and supplement, form a part of, and be subject to this Master Confirmation.  This Master Confirmation and each Supplemental Confirmation together shall constitute a “Confirmation” as referred to in the Agreement specified below.
The definitions and provisions contained in the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”), as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Master Confirmation.  This Master Confirmation and each Supplemental Confirmation evidence a complete binding agreement between Counterparty and Dealer as to the subject matter and terms of each Transaction to which this Master Confirmation and such Supplemental Confirmation relate and shall supersede all prior or contemporaneous written or oral communications with respect thereto.
This Master Confirmation and each Supplemental Confirmation supplement, form a part of, and are subject to an agreement in the form of the 2002 ISDA Master Agreement (the “Agreement”) as if Dealer and Counterparty had executed the Agreement on the date of this Master Confirmation (but without any Schedule except for (i) the election of New York law as the governing law (without reference to its choice of law provisions), (ii) the election that subparagraph (ii) of Section 2(c) will not apply to the Transactions) and (iii) the election that the “Cross Default” provisions of Section 5(a)(vi) shall apply to Dealer, with a “Threshold Amount” of 3% of Dealer shareholders’ equity for Dealer (provided that (a) the phrase “or becoming capable at such time of being declared” shall be deleted from clause (1) of such Section 5(a)(vi) of the Agreement and (b) the following sentence shall be added to the end thereof: “Notwithstanding the foregoing, a default under subsection (2) hereof shall not constitute an Event of Default if (i) the default was caused solely by error or omission of an administrative or operational nature; (ii) funds were available to enable the party to make the payment when due; and (iii) the payment is made within two Local Business Days of such party’s receipt of written notice of its failure to pay.”). 
The Transactions shall be the sole Transactions under the Agreement.  If there exists any ISDA Master Agreement between Dealer and Counterparty or any confirmation or other agreement between Dealer and Counterparty pursuant to which an ISDA Master Agreement is deemed to exist between Dealer and Counterparty, then notwithstanding anything to the contrary in such ISDA Master Agreement, such confirmation or agreement or any other agreement to which Dealer and Counterparty are parties, the Transactions shall not be considered Transactions under, or otherwise governed by, such existing or deemed ISDA Master Agreement, and the occurrence of any Event of Default or Termination Event under the Agreement with respect to either party or any Transaction shall not, by itself, give rise to any right or obligation under any such other agreement or deemed agreement.  Notwithstanding anything to the contrary in any other agreement between the parties or their Affiliates, the Transactions shall not be “Specified Transactions” (or similarly treated) under any other agreement between the parties or their Affiliates.
All provisions contained or incorporated by reference in the Agreement shall govern this Master Confirmation and each Supplemental Confirmation except as expressly modified herein or in the related Supplemental Confirmation.

JPMorgan Chase Bank, National Association 
Organised under the laws of the United States as a National Banking Association. 
Main Office 1111 Polaris Parkway, Columbus, Ohio 43240 
Registered as a branch in England & Wales branch No. BR000746 
Registered Branch Office 25 Bank Street, Canary Wharf, London E14 5JP 
Authorised by the Office of the Comptroller of the Currency in the jurisdiction of the USA. 
Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct 
Authority and to limited regulation by the Prudential Regulation Authority. Details about the 
extent of our regulation by the Prudential Regulation Authority are available from us on request.

If, in relation to any Transaction to which this Master Confirmation and a Supplemental Confirmation relate, there is any inconsistency between the Agreement, this Master Confirmation, such Supplemental Confirmation and the Equity Definitions, the following will prevail for purposes of such Transaction in the order of precedence indicated: (i) such Supplemental Confirmation; (ii) this Master Confirmation; (iii) the Equity Definitions; and (iv) the Agreement.  “Other ASR Transaction” shall mean the other accelerated share repurchase transaction Counterparty has entered into on the Trade Date for such Transaction.
1.    Each Transaction constitutes a Share Forward Transaction for the purposes of the Equity Definitions.  Set forth below are the terms and conditions that, together with the terms and conditions set forth in the Supplemental Confirmation relating to any Transaction, shall govern such Transaction.
General Terms.
		
	Trade Date:
	For each Transaction, as set forth in the related Supplemental Confirmation.

		
	Buyer:
	Counterparty 

		
	Seller:
	Dealer 

		
	Shares:
	The common stock of Counterparty, par value USD 0.001 per share (Exchange symbol “INFA”).

		
	Exchange:
	The NASDAQ Global Select Market

		
	Related Exchange(s):
	All Exchanges; provided that Section 1.26 of the Equity Definitions shall be amended to add the words “United States” before the word “exchange” in the tenth line of such Section.

		
	Prepayment/Variable Obligation:
	Applicable 

		
	Prepayment Amount:
	For each Transaction, as set forth in the related Supplemental Confirmation. 

		
	Prepayment Date:
	For each Transaction, as set forth in the related Supplemental Confirmation.

Valuation.
		
	VWAP Price:
	For any Exchange Business Day, the volume-weighted average price at which the Shares trade as reported in the composite transactions for United States exchanges and quotation systems, during the regular trading session for the Exchange on such Exchange Business Day, excluding (i) trades that do not settle regular way, (ii) opening (regular way) reported trades in the consolidated system on such Exchange Business Day, (iii) trades that occur in the last ten minutes before the scheduled close of trading on the Exchange on such Exchange Business Day and ten minutes before the scheduled close of the primary trading in the market where the trade is effected, and (iv) trades on such Exchange Business Day that do not satisfy the requirements of Rule 10b-18(b)(3) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as determined in good faith and in a commercially reasonable manner by the Calculation Agent (all such trades other than any trades described in clauses (i) to (iv) above, “Rule 10b-18 Eligible 

2

Transactions”).  Counterparty acknowledges that the Calculation Agent may refer to the Bloomberg Page “INFA US <Equity> AQR SEC” (or any successor thereto), in its judgment, for such Exchange Business Day to determine the VWAP Price.
		
	Forward Price:
	For each Transaction, the arithmetic average of the VWAP Prices for all of the Calculation Dates in the Calculation Period for such Transaction, subject to “Valuation Disruption” below.

		
	Forward Price Adjustment Amount:
	For each Transaction, as set forth in the related Supplemental Confirmation.

		
	Calculation Period:
	For each Transaction, the period from, and including, the Calculation Period Start Date for such Transaction to, and including, the Termination Date for such Transaction.

		
	Calculation Period Start Date:
	For each Transaction, as set forth in the related Supplemental Confirmation.

		
	Termination Date:
	For each Transaction, the Scheduled Termination Date for such Transaction; provided that in no event shall the Scheduled Termination Date be postponed to a date later than the Final Termination Date; provided further that Dealer shall have the right to designate any Calculation Date on or after the Acceleration Date (an “Acceleration”) to be the Termination Date for all (but not in part) of such Transaction (an “Accelerated Termination Date”) by delivering notice (an “Accelerated Notice”) to Counterparty of any such designation prior to 6:00 p.m. (New York City time) on the Calculation Date immediately following the designated Accelerated Termination Date.

		
	Final Termination Date:
	For each Transaction, as set forth in the related Supplemental Confirmation.

		
	Calculation Dates:
	For each Transaction, any date that is both an Exchange Business Day and is set forth as a Calculation Date in the related Supplemental Confirmation.

		
	Scheduled Termination Date:
	For each Transaction, as set forth in the related Supplemental Confirmation, subject to postponement as provided in “Valuation Disruption” below; provided that in no event shall the Scheduled Termination Date be postponed to a date later than the Final Termination Date.

		
	Acceleration Date:
	For each Transaction, as set forth in the related Supplemental Confirmation.

		
	Valuation Disruption:
	The definition of “Market Disruption Event” in Section 6.3(a) of the Equity Definitions is hereby amended by deleting the words “at any time during the one-hour period that ends at the relevant Valuation Time, Latest Exercise Time, Knock-in Valuation Time or Knock-out Valuation Time, as the case may be” and inserting the words “at any time on any Scheduled Trading Day during the Calculation Period 

3

or Settlement Valuation Period” after the word “material,” in the third line thereof.
Section 6.3(d) of the Equity Definitions is hereby amended by deleting the remainder of the provision following the term “Scheduled Closing Time” in the fourth line thereof.
Notwithstanding anything to the contrary in the Equity Definitions, if a Disrupted Day occurs (i) in the Calculation Period, the Calculation Agent may, in its good faith and commercially reasonable discretion, postpone the Scheduled Termination Date (provided that in no event shall the Scheduled Termination Date be postponed to a date later than the Final Termination Date), or (ii) in the Settlement Valuation Period, the Calculation Agent may extend the Settlement Valuation Period.  The Calculation Agent may also determine that (i) such Disrupted Day is a Disrupted Day in full, in which case the VWAP Price for such Disrupted Day shall not be included for purposes of determining the Forward Price or the Settlement Price, as the case may be, or (ii) such Disrupted Day is a Disrupted Day only in part, in which case the VWAP Price for such Disrupted Day shall be determined by the Calculation Agent based on Rule 10b-18 Eligible Transactions in the Shares on such Disrupted Day taking into account the nature and duration of the relevant Market Disruption Event, and the weighting of the VWAP Price for the relevant Calculation Dates during the Calculation Period or the Settlement Valuation Period, as the case may be, shall be adjusted in a commercially reasonable manner by the Calculation Agent for purposes of determining the Forward Price or the Settlement Price, as the case may be, with such adjustments based on the duration of any Market Disruption Event and the volume, historical trading patterns and price of the Shares during any such partially Disrupted Day.  Any Exchange Business Day on which, as of the date hereof, the Exchange is scheduled to close prior to its normal close of trading shall be deemed not to be an Exchange Business Day; if a closure of the Exchange prior to its normal close of trading on any Exchange Business Day is scheduled following the date hereof, then such Exchange Business Day shall be deemed to be a Disrupted Day in full.
If a Disrupted Day occurs during the Calculation Period for any Transaction or the Settlement Valuation Period for any Transaction, as the case may be, and each of the nine immediately following Scheduled Trading Days is a Disrupted Day (a “Disruption Event”), then the Calculation Agent, in its good faith and commercially reasonable discretion, may deem such Disruption Event (and each consecutive Disrupted Day thereafter) to be an Additional Termination Event in respect of such Transaction, with Counterparty as the sole Affected Party and such Transaction as the sole Affected Transaction.

4

Settlement Terms.
		
	Settlement Procedures:
	For each Transaction:

		
	(i)
	if the Number of Shares to be Delivered for such Transaction is positive, Physical Settlement shall be applicable to such Transaction; provided that Dealer does not, and shall not, make the agreement or the representations set forth in Section 9.11 of the Equity Definitions related to the restrictions imposed by applicable securities laws with respect to any Shares delivered by Dealer to Counterparty under any Transaction; or

		
	(ii)
	if the Number of Shares to be Delivered for such Transaction is negative, then the Counterparty Settlement Provisions in Annex A hereto shall apply to such Transaction.

		
	Number of Shares to be Delivered:
	For each Transaction, a number of Shares (rounded down to the nearest whole number) equal to (a)(i) the Prepayment Amount for such Transaction, divided by (ii)(A) the Forward Price for such Transaction minus (B) the Forward Price Adjustment Amount for such Transaction, minus (b) the number of Initial Shares for such Transaction; provided that if the result of the calculation in clause (a)(ii) is equal to or less than the Floor Price for such Transaction, then the Number of Shares to be Delivered for such Transaction shall be determined as if clause (a)(ii) were replaced with “(ii) the Floor Price for such Transaction”.  For the avoidance of doubt, if the Forward Price Adjustment Amount for any Transaction is a negative number, clause (a)(ii) of the immediately preceding sentence shall be equal to (A) the Forward Price for such Transaction, plus (B) the absolute value of the Forward Price Adjustment Amount.

		
	Floor Price:
	For each Transaction, as set forth in the related Supplemental Confirmation.

		
	Excess Dividend Amount:
	For the avoidance of doubt, all references to the Excess Dividend Amount shall be deleted from Section 9.2(a)(iii) of the Equity Definitions.

		
	Settlement Date:
	For each Transaction, if the Number of Shares to be Delivered for all or such portion of such Transaction is positive, the date that is one Settlement Cycle immediately following the Termination Date for all or such portion of such Transaction (the final Settlement Date, the “Final Settlement Date”).  

		
	Settlement Currency:
	USD 

		
	Initial Share Delivery:
	For each Transaction, Dealer shall deliver a number of Shares equal to the Initial Shares for such Transaction to Counterparty on the Initial Share Delivery Date for such Transaction in accordance with Section 9.4 of the Equity Definitions, with such Initial Share Delivery Date deemed to be a “Settlement Date” for purposes of such Section 9.4.  

5

		
	Initial Share Delivery Date:
	For each Transaction, as set forth in the related Supplemental Confirmation.

		
	Initial Shares:
	For each Transaction, as set forth in the related Supplemental Confirmation.

Share Adjustments.
		
	Potential Adjustment Event:
	In addition to the events described in Section 11.2(e) of the Equity Definitions, it shall constitute an additional Potential Adjustment Event if (x) the Scheduled Termination Date for any Transaction is postponed pursuant to “Valuation Disruption” above (including, for the avoidance of doubt, pursuant to Section 7 hereof), or (y) a Regulatory Disruption as described in Section 7 occurs.  In the case of any event described in clause (x) or (y) above occurs, the Calculation Agent may, in its commercially reasonable discretion, adjust any relevant terms of such Transaction as necessary to preserve as nearly as practicable the fair value of such Transaction prior to such event described in clause (x) or (y); provided that any Excess Dividend shall not be a Potential Adjustment Event other than with respect to the Floor Price as set forth below under “Consequences of Excess Dividend”; provided further that the Calculation Agent shall not adjust any of the dates identified as Calculation Dates in the related Supplemental Confirmation; provided further that the parties agree that open market Share repurchases by Counterparty, if any, pursuant to Rule 10b-18 and subject to Section 9 of the Master Confirmation shall not be considered a Potential Adjustment Event and that any repurchase of Shares pursuant to the Other ASR Transaction shall not be considered a Potential Adjustment Event. 

		
	Excess Dividend:
	Any cash dividend or cash distribution in connection with a regularly scheduled dividend declared by the Board of Directors of the Counterparty on the Shares other than (1) any dividend or distribution of the type described in Section 11.2(e)(i) or Section 11.2(e)(ii)(A) of the Equity Definitions (and excluding from the definition of Excess Dividend, for avoidance of doubt, any dividend of any rights to the holder of Shares pursuant to the adoption by the Counterparty of a stockholder rights plan during the term of the Transaction) or (2) any Extraordinary Dividend. “Extraordinary Dividend” means the per Share cash dividend or cash distribution, or a portion thereof, declared by Counterparty on the Shares that is classified by the board of directors of Counterparty as an “extraordinary” dividend.

		
	Consequences of Excess Dividend:
	The declaration by the Issuer of any Excess Dividend, the ex-dividend date for which occurs or is scheduled to occur during the Relevant Dividend Period for any Transaction, shall, at Dealer’s election in its commercially reasonable discretion, either (x) constitute an Additional Termination Event in respect of such Transaction, with Counterparty as the sole Affected Party and such Transaction as the sole Affected Transaction or (y) result in an adjustment, by the 

6

Calculation Agent, to the Floor Price as the Calculation Agent determines appropriate to preserve the fair value of such Transaction after taking into account such Excess Dividend (“Excess Dividend Adjustment Election”).  Dealer shall provide Counterparty notice of any such Excess Dividend Adjustment Election.
Notwithstanding any other provision of this Master Confirmation, the Equity Definitions or the Agreement to the contrary, in calculating any adjustment pursuant to Article 11 of the Equity Definitions or any amount payable in respect of any termination or cancellation of the Transaction pursuant to Article 12 of the Equity Definitions or Section 6 of the Agreement, the Calculation Agent shall not take into account changes to any amounts of cash dividends since the Trade Date. For the avoidance of doubt, if an Early Termination Date occurs in respect of the Transaction, the amount payable pursuant to Section 6 of the Agreement in respect of such Early Termination Date shall be determined without regard to the difference between actual dividends declared and expected dividends as of the Trade Date.

		
	Method of Adjustment:
	Calculation Agent Adjustment 

		
	Relevant Dividend Period:
	For each Transaction, the period from, and including, the Trade Date for such Transaction to, and including, the Relevant Dividend Period End Date for such Transaction.

		
	Relevant Dividend Period End Date:
	For each Transaction, if the Number of Shares to be Delivered for such Transaction is negative, the last day of the Settlement Valuation Period; otherwise, the Termination Date for such Transaction.

Extraordinary Events.
Consequences of Merger Events:
		
	(a) Share-for-Share:
	Cancellation and Payment 

		
	(b) Share-for-Other:
	Cancellation and Payment 

		
	(c) Share-for-Combined:
	Cancellation and Payment 

		
	Tender Offer:
	Applicable; provided that (a) Section 12.1(l) of the Equity Definitions shall be amended by (i) deleting the parenthetical in the fifth line thereof, (ii) replacing “that” in the fifth line thereof with “whether or not such announcement” and (iii) adding immediately after the words “Tender Offer” in the fifth line thereof “, and any publicly announced change or amendment to such an announcement (including, without limitation, the announcement of an abandonment of such intention)” and (b) Sections 12.3(a) and 12.3(d) of the Equity Definitions shall each be amended by replacing each occurrence of the words “Tender Offer Date” by “Announcement Date.”; provided further that the 

7

definition of “Tender Offer” in Section 12.1 of the Equity Definitions will be amended by replacing the phrase “greater than 10% and less than 100% of the outstanding voting shares of the Issuer” in the third and fourth line thereof with “(a) greater than 10% and less than 100% of the outstanding Shares of the Issuer in the event that such Tender Offer is being made by the Issuer or any subsidiary thereof or (b) greater than 15% and less than 100% of the outstanding Shares of the Issuer in the event that such Tender Offer is being made by entity or person other than the Issuer or any subsidiary thereof”.
Consequences of Tender Offers:
		
	(a) Share-for-Share:
	Modified Calculation Agent Adjustment 

		
	(b) Share-for-Other:
	Modified Calculation Agent Adjustment

		
	(c) Share-for-Combined:
	Modified Calculation Agent Adjustment

		
	Nationalization, Insolvency or Delisting:
	Cancellation and Payment; provided that in addition to the provisions of Section 12.6(a)(iii) of the Equity Definitions, it shall also constitute a Delisting if the Exchange is located in the United States and the Shares are not immediately re-listed, re-traded or re-quoted on any of the New York Stock Exchange, The NASDAQ Global Select Market or The NASDAQ Global Market (or their respective successors); if the Shares are immediately re-listed, re-traded or re-quoted on any such exchange or quotation system, such exchange or quotation system shall be deemed to be the Exchange.

Additional Disruption Events:
		
	(a) Change in Law:
	Applicable; provided that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by (i) replacing the phrase “the interpretation” in the third line thereof with the phrase “, or public announcement of, the formal or informal interpretation”, (ii) replacing the word “Shares” where it appears in clause (X) thereof with the words “Hedge Positions” and (iii) immediately following the word “Transaction” in clause (X) thereof, adding the phrase “in the manner contemplated by the Hedging Party on the Trade Date”; provided further that Section 12.9(a)(ii) of the Equity Definitions is hereby amended by replacing the parenthetical beginning after the word “regulation” in the second line thereof with the words “(including, for the avoidance of doubt and without limitation, (x) any tax law or (y) adoption or promulgation of new regulations authorized or mandated by existing statute)”.

		
	(b) Failure to Deliver:
	Applicable 

		
	(c) Insolvency Filing:
	Applicable 

		
	(d) Loss of Stock Borrow:
	Applicable

8

		
	Maximum Stock Loan Rate:
	For each Transaction, as set forth in the related Supplemental Confirmation.

		
	Hedging Party:
	Dealer 

		
	Determining Party:
	Dealer 

		
	(e) Increased Cost of Stock Borrow:
	Applicable 

		
	Initial Stock Loan Rate:
	For each Transaction, as set forth in the related Supplemental Confirmation.

		
	Hedging Party:
	Dealer 

		
	Determining Party:
	Dealer 

		
	Hedging Adjustments:
	For the avoidance of doubt, whenever the Calculation Agent is called upon to make an adjustment pursuant to the terms of this Confirmation or the Equity Definitions to take into account the effect of the occurrence of an event that permits the Calculation Agent to make an adjustment to the terms of this Transaction pursuant to the provisions of this Master Confirmation (“Trigger Event”), the Calculation Agent shall make such adjustment by reference to the effect of such Trigger Event on Dealer assuming that Dealer maintains a commercially reasonable Hedge Position. 

Non-Reliance/Agreements and
Acknowledgements Regarding
Hedging Activities/Additional
		
	Acknowledgements:
	Applicable 

		
	2.
	Calculation Agent.    Dealer; provided that following the occurrence and during the continuance of an Event of Default of the type described in Section 5(a)(vii) of the Agreement with respect to which Dealer is the sole Defaulting Party, if the Calculation Agent fails to timely make any calculation, adjustment or determination required to be made by the Calculation Agent hereunder or to perform any obligation of the Calculation Agent hereunder and such failure continues for five Exchange Business Days following notice to the Calculation Agent by Company of such failure, Company shall have the right to designate a nationally recognized third-party dealer in over-the-counter corporate equity derivatives to act, during the period commencing on the first date the Calculation Agent fails to timely make such calculation, adjustment or determination or to perform such obligation, as the case may be, and ending on the earlier of the Early Termination Date with respect to such Event of Default and the date on which such Event of Default is no longer continuing, as the Calculation Agent.  All calculations and determinations by the Calculation Agent shall be made in good faith and in a commercially reasonable manner.  Following any calculation by the Calculation Agent hereunder, upon written request by Counterparty, the Calculation Agent will provide to Counterparty by email to the email address provided by 

9

Counterparty in such written request a report (in a commonly used file format for the storage and manipulation of financial data) displaying in reasonable detail the basis for such calculation; provided, however, that in no event will Dealer be obligated to share with Counterparty any proprietary or confidential data or information or any proprietary or confidential models used by it.  Notwithstanding anything to the contrary in this Master Confirmation or any Supplemental Confirmation, the Calculation Agent shall not adjust any dates identified as Calculation Dates in the relevant Supplemental Confirmation for any Transaction.
		
	3.
	Account Details.

		
	(a)
	Account for payments to Counterparty:     

Bank:        [________________]
ABA#:         [________________]
Acct No.:     [________________]
Beneficiary:      [________________]
Ref:        [________________]
Account for delivery of Shares to Counterparty:
Transfer Agent: [________________]
Account Name: [________________]
Control Numbers: [________________]
		
	(b)
	Account for payments to Dealer:

Bank:        [________________] 
ABA#:         [________________] 
Acct No.:    [________________] 
Beneficiary:       [________________] 
Ref:        [________________]
Account for delivery of Shares to JPMorgan:
[________________]
		
	4.
	Offices.

		
	(a)
	The Office of Counterparty for each Transaction is:  Inapplicable, Counterparty is not a Multibranch Party.

		
	(b)
	The Office of Dealer for each Transaction is: London

JPMorgan Chase Bank, National Association 
London Branch 
P.O.  Box 161 
60 Victoria Embankment 
London EC4Y 0JP 
England

10

		
	5.
	Notices.

		
	(a)
	Address for notices or communications to Counterparty:

Informatica Corporation 
2100 Seaport Boulevard 
Redwood City, California 94063 
Attention:     [____________] 
Telephone No.:    [____________] 
Facsimile No.:    [____________]
Email Address:    [____________]

		
	(b)
	Address for notices or communications to Dealer:

JPMorgan Chase Bank, National Association 
EDG Marketing Support 
Email:      [____________] 
              
With a copy to:
[____________]

		
	6.
	Representations, Warranties and Agreements.

		
	(a)
	Additional Representations, Warranties and Covenants of Each Party.  In addition to the representations, warranties and covenants in the Agreement, each party represents, warrants and covenants to the other party that:

		
	(i)
	It is an “eligible contract participant” (as such term is defined in the Commodity Exchange Act, as amended).

		
	(ii)
	Each party acknowledges that the offer and sale of each Transaction to it is intended to be exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), by virtue of Section 4(2) thereof.  Accordingly, each party represents and warrants to the other that (A) it has the financial ability to bear the economic risk of its investment in each Transaction and is able to bear a total loss of its investment, (B) it is an “accredited investor” as that term is defined under Regulation D under the Securities Act and (C) the disposition of each Transaction is restricted under this Master Confirmation, the Securities Act and state securities laws.

		
	(b)
	Additional Representations, Warranties and Covenants of Counterparty.  In addition to the representations, warranties and covenants in the Agreement, Counterparty represents, warrants and covenants to Dealer that:

		
	(i)
	As of the Trade Date for each Transaction hereunder, Counterparty is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.  Each of this Master Confirmation and the Supplemental Confirmation for such Transaction has been duly authorized, executed and delivered by Counterparty and (assuming due authorization, execution and delivery thereof by Dealer) this Master Confirmation, as supplemented by such Supplemental Confirmation, constitutes a valid and legally binding obligation of Counterparty, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, re-organization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or equity).  

11

Counterparty has all corporate power to enter into this Master Confirmation and such Supplemental Confirmation and to consummate the transactions contemplated hereby and thereby and to purchase the Shares and deliver any Settlement Shares in accordance with the terms hereof and thereof.
		
	(ii)
	As of the Trade Date for each Transaction hereunder, the execution and delivery by Counterparty of, and the performance by Counterparty of its obligations under, this Master Confirmation and the Supplemental Confirmation for such Transaction, and the consummation of the transactions herein and therein contemplated, do not conflict with or violate (A) any provision of the certificate of incorporation, by-laws or other constitutive documents of Counterparty, (B) any statute or order, rule, regulation or judgment of any court or governmental agency or body having jurisdiction over Counterparty or any of their respective assets or (C) any contractual restriction binding on or affecting Counterparty or any of its assets, except, in the case of clause (C) above, for an conflict or violation that would not have a material adverse effect on the performance by the Company of its obligations under this Transaction.

		
	(iii)
	As of the Trade Date for each Transaction hereunder, all governmental and other consents that are required to have been obtained by Counterparty with respect to performance, execution and delivery of this Master Confirmation and the Supplemental Confirmation for such Transaction have been obtained and are in full force and effect and all conditions of any such consents have been complied with, except where the failure to obtain any such consent would not have a material adverse effect on the performance by the Company of its obligations under this Transaction.

		
	(iv)
	As of the Trade Date for each Transaction hereunder, (A) such Transaction is being entered into pursuant to a publicly disclosed Share buy-back program and its Board of Directors has approved the use of derivatives to effect the Share buy-back program, and (B) there is no internal policy of Counterparty, whether written or oral, that would prohibit Counterparty from entering into any aspect of such Transaction, including, without limitation, the purchases of Shares to be made pursuant to such Transaction.

		
	(v)
	As of the Trade Date for each Transaction hereunder, the purchase or writing of such Transaction and the transactions contemplated hereby will not violate Rule 13e-1 or Rule 13e-4 under the Exchange Act.

		
	(vi)
	As of the Trade Date for each Transaction hereunder, it is not entering into such Transaction, and as of the date of any election with respect to any Transaction hereunder, it is not making such election, in each case (A) on the basis of, and is not aware of, any material non-public information regarding Counterparty or the Shares, (B) in anticipation of, in connection with, or to facilitate, a distribution of its securities, a self tender offer or a third-party tender offer in violation of the Exchange Act or (C) to create actual or apparent trading activity in the Shares (or any security convertible into or exchangeable for the Shares) or manipulate the price of the Shares (or any security convertible into or exchangeable for the Shares).

		
	(vii)
	Counterparty (A) is capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; (B) will exercise independent judgment in evaluating the recommendations of any broker-dealer or its associated persons, unless it has otherwise notified the broker-dealer in writing; and (C) has total assets of at least USD 50,000,000 as of the date hereof.

		
	(viii)
	As of the Trade Date for each Transaction hereunder, and as of the date of any election with respect to any Transaction hereunder, Counterparty is in compliance in all material respects with its reporting obligations under the Exchange Act and its most recent Annual Report on Form 10-K, together with all reports subsequently filed by it pursuant to the Exchange Act, taken together and as amended and supplemented to the date of this representation, do not, 

12

as of their respective filing dates, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
		
	(ix)
	Counterparty has made, and will make during the term of the Transaction, all filings required to be made by it with the Securities and Exchange Commission or any securities exchange with respect to each Transaction.

		
	(x)
	The Shares are not, and Counterparty will not cause the Shares to be, subject to a “restricted period” (as defined in Regulation M promulgated under the Exchange Act) at any time during any Regulation M Period (as defined below) for any Transaction unless Counterparty has provided written notice to Dealer of such restricted period not later than the Scheduled Trading Day immediately preceding the first day of such “restricted period”; Counterparty acknowledges that any such notice may cause a Disrupted Day to occur pursuant to Section 7 below; accordingly, Counterparty acknowledges that its delivery of such notice must comply with the standards set forth in Section 8 below.  Counterparty is not currently contemplating any “distribution” (as defined in Regulation M promulgated under the Exchange Act) of Shares, or any security for which Shares are a “reference security” (as defined in Regulation M promulgated under the Exchange Act).  “Regulation M Period” means, for any Transaction, (A) the Relevant Period (as defined below) for such Transaction, (B) the Settlement Valuation Period, if any, for such Transaction and (C) the Seller Termination Purchase Period (as defined below), if any, for such Transaction.  “Relevant Period” means, for any Transaction, the period commencing on the Calculation Period Start Date for such Transaction and ending on the later of (1) the earlier of (x) the Scheduled Termination Date and (y) the last Additional Relevant Day (as specified in the related Supplemental Confirmation) for such Transaction, or such earlier day as elected by Dealer and communicated to Counterparty on such day (or, if later, the Acceleration Date without regard to any acceleration thereof pursuant to “Special Provisions for Acquisition Transaction Announcements” below) and (2) if Section 15 is applicable to such Transaction, the date on which all deliveries owed pursuant to Section 15 have been made. 

		
	(xi)
	As of the Trade Date, the Prepayment Date, the Initial Share Delivery Date, the Settlement Date, any Cash Settlement Payment Date and any Settlement Method Election Date for each Transaction, Counterparty is not, and will not be, “insolvent” (as such term is defined under Section 101(32) of the U.S. Bankruptcy Code (Title 11 of the United States Code) (the “Bankruptcy Code”)) and Counterparty would be able to purchase a number of Shares with a value equal to the Prepayment Amount in compliance with the laws of the jurisdiction of Counterparty’s incorporation.

		
	(xii)
	Counterparty is not, and after giving effect to each Transaction will not be, required to register as an “investment company” as such term is defined in the Investment Company Act of 1940, as amended.

		
	(xiii)
	Other than with respect to the Other ASR Transaction, Counterparty has not entered, and will not enter, into any repurchase transaction with respect to the Shares (or any security convertible into or exchangeable for the Shares) (including, without limitation, any agreements similar to the Transactions described herein) where any initial hedge period, calculation period, relevant period, settlement valuation period or seller termination purchase period (each however defined) in such other transaction will overlap at any time (including, without limitation, as a result of extensions in such initial hedge period, calculation period, relevant period, settlement valuation period or seller termination purchase period as provided in the relevant agreements) with any Relevant Period, any Settlement Valuation Period (if applicable) or any Seller Termination Purchase Period (if applicable) under this Master Confirmation.  Other than with respect to the Other ASR Transaction, in the event that the initial hedge period, relevant period, calculation period or settlement valuation period in any other transaction overlaps with any Relevant Period, any 

13

Settlement Valuation Period (if applicable) or any Seller Termination Purchase Period (if applicable) under this Master Confirmation as a result of any postponement of the Scheduled Termination Date or extension of the Settlement Valuation Period pursuant to “Valuation Disruption” above or any analogous provision in such other transaction, Counterparty shall promptly amend such other transaction to avoid any such overlap.
		
	(xv)
	Counterparty shall, at least one day prior to the first day of the Calculation Period, the Settlement Valuation Period, if any, or the Seller Termination Purchase Period, if any, for any Transaction, notify Dealer of the total number of Shares purchased in Rule 10b-18 purchases of blocks pursuant to the once-a-week block exception set forth in paragraph (b)(4) of Rule 10b-18 under the Exchange Act (“Rule 10b-18”) by or for Counterparty or any of its “affiliated purchasers” (as defined in Rule 10b-18) during each of the four calendar weeks preceding such day and during the calendar week in which such day occurs (“Rule 10b-18 purchase” and “blocks” each being used as defined in Rule 10b-18), which notice shall be substantially in the form set forth in Schedule B hereto.

		
	7.
	Regulatory Disruption.  In the event that Dealer in good faith determines, based on the advice of legal counsel, that it is appropriate with respect to any legal, regulatory or self-regulatory requirements or related policies and procedures (provided that such requirements, policies and procedures relate to legal or regulatory issues and are generally applicable in similar situations and applied in a consistent manner in similar transactions) (whether or not such requirements, policies or procedures are imposed by law or have been voluntarily adopted by Dealer), for it to refrain from or decrease any market activity on any Scheduled Trading Day or Days during the Calculation Period or, if applicable, the Settlement Valuation Period, Dealer may by written notice to Counterparty elect to deem that a Market Disruption Event has occurred and will be continuing on such Scheduled Trading Day or Days.  Dealer shall notify Counterparty as soon as practicable (but in no event later than one Trading Day) that a Regulatory Disruption has occurred and the Scheduled Trading Days affected by it.

		
	8.
	10b5-1 Plan.  Counterparty represents, warrants and covenants to Dealer that: 

		
	(a)
	Counterparty is entering into this Master Confirmation and each Transaction hereunder in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1 under the Exchange Act (“Rule 10b5-1”) or any other antifraud or anti-manipulation provisions of the federal or applicable state securities laws and that it has not entered into or altered and will not enter into or alter any corresponding or hedging transaction or position with respect to the Shares.  For the avoidance of doubt, the parties hereto acknowledge that entry into any Other Specified Repurchase Agreement (as defined below) shall not fall within the ambit of the previous sentence.  Counterparty acknowledges that it is the intent of the parties that each Transaction entered into under this Master Confirmation comply with the requirements of paragraphs (c)(1)(i)(A) and (B) of Rule 10b5-1 and each Transaction entered into under this Master Confirmation shall be interpreted to comply with the requirements of Rule 10b5-1(c).  “Other Specified Repurchase Agreement” means, for any Transaction, any other prepaid variable share repurchase transaction entered into on the Trade Date for such Transaction. 

		
	(b)
	During the Calculation Period and the Settlement Valuation Period, if any, for any Transaction and in connection with the delivery of any Alternative Delivery Units for any Transaction, Dealer (or its agent or Affiliate) may effect transactions in Shares in connection with such Transaction.  The timing of such transactions by Dealer, the price paid or received per Share pursuant to such transactions and the manner in which such transactions are made, including, without limitation, whether such transactions are made on any securities exchange or privately, shall be within the sole judgment of Dealer.  Counterparty acknowledges and agrees that all such transactions shall be made in Dealer’s sole judgment and for Dealer’s own account.

		
	(c)
	Counterparty does not have, and shall not attempt to exercise, any control or influence over how, when or whether Dealer (or its agent or Affiliate) makes any “purchases or sales” (within the meaning of Rule 10b5-1(c)(1)(i)(B)(3)) in connection with any Transaction, including, without limitation, over how, when or whether Dealer (or its agent or Affiliate) enters into any hedging transactions.  

14

Counterparty represents and warrants that it has consulted with its own advisors as to the legal aspects of its adoption and implementation of this Master Confirmation and each Supplemental Confirmation under Rule 10b5-1.
		
	(d)
	Counterparty acknowledges and agrees that any amendment, modification, waiver or termination of this Master Confirmation or any Supplemental Confirmation must be effected in accordance with the requirements for the amendment or termination of a “plan” as defined in Rule 10b5-1(c).  Without limiting the generality of the foregoing, any such amendment, modification, waiver or termination shall be made in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b-5, and no such amendment, modification or waiver shall be made at any time at which Counterparty or any officer, director, manager or similar person of Counterparty is aware of any material non-public information regarding Counterparty or the Shares.

		
	(e)
	Counterparty shall not, directly or indirectly, communicate any information relating to the Shares or any Transaction (including, without limitation, any notices required by Section 10(a)) to any employee of Dealer or Agent, other than as set forth in the Communications Procedures attached as Annex B hereto.

		
	9.
	Counterparty Purchases.  (a) Counterparty (or any “affiliate” or “affiliated purchaser” as defined in Rule 10b-18) shall not, without the prior written consent of Dealer, directly or indirectly (including, without limitation, by means of a derivative instrument) purchase, offer to purchase, place any bid or limit order that would effect a purchase of, or commence any tender offer relating to, any Shares (or equivalent interest, including, without limitation, a unit of beneficial interest in a trust or limited partnership or a depository share), listed contracts on the Shares or securities that are convertible into, or exchangeable or exercisable for Shares (including, without limitation, any Rule 10b-18 purchases of blocks (as defined in Rule 10b-18)) during any Relevant Period, any Settlement Valuation Period (if applicable) or any Seller Termination Purchase Period (if applicable), under this Master Confirmation except pursuant to any Other Specified Repurchase Agreement that is intended to comply with the requirements of Rule 10b5-1(c) of the Exchange Act; provided that this Section 9 shall not (i) limit the Counterparty’s ability, pursuant to its employee incentive plan or dividend reinvestment program, to re-acquire Shares in connection with the related equity transactions, (ii) limit Counterparty’s ability to withhold shares to cover tax liabilities associated with such equity transactions or (iii) limit Counterparty’s ability to grant stock and options to “affiliated partners” (as defined in Rule 10b-18) or the ability of such affiliated purchasers to acquire such stock or options, in connection with the Counterparty’s compensation policies for directors, officers and employees or any agreements with respect to the compensation of directors, officers or employees of any entities that are the acquisition targets of Counterparty, and in connection with any such purchase Counterparty will be deemed to represent to Dealer that such purchase does not constitute a “Rule 10b-18 Purchase” (as defined in Rule 10b-18) (any such incentive or compensatory plan, program or policy of Counterparty, a “Compensatory Plan”). 

		
	(b)
	Dealer has adopted policies and procedures reasonably designed to ensure that purchases of Shares in connection with this Transaction are consistent with the anti-manipulation provisions of the Exchange Act.

		
	10.
	Special Provisions for Merger Transactions.  Notwithstanding anything to the contrary herein or in the Equity Definitions:

		
	(a)
	Counterparty agrees that it: 

		
	(i)
	will not during the period commencing on the Trade Date for any Transaction and ending on the last day of the Relevant Period or, if applicable, the later of the last day of the Settlement Valuation Period and the last day of the Seller Termination Purchase Period, for such Transaction make, or permit to be made, any public announcement (as defined in Rule 165(f) under the Securities Act) of any Merger Transaction or potential Merger Transaction (a “Merger Announcement”) unless such Merger Announcement is made prior to the opening or after the close of the regular trading session on the Exchange for the Shares; 

15

		
	(ii)
	shall promptly (but in any event prior to the next opening of the regular trading session on the Exchange) notify Dealer following any such Merger Announcement that such Merger Announcement has been made; and 

		
	(iii)
	shall promptly (but in any event prior to the next opening of the regular trading session on the Exchange) provide Dealer with written notice specifying (i) Counterparty’s average daily Rule 10b-18 Purchases (as defined in Rule 10b-18) during the three full calendar months immediately preceding the announcement date of any Merger Transaction or potential Merger Transaction that were not effected through Dealer or its Affiliates and (ii) the number of Shares purchased pursuant to the proviso in Rule 10b-18(b)(4) under the Exchange Act for the three full calendar months preceding the announcement date of any Merger Transaction or potential Merger Transaction.  Such written notice shall be deemed to be a certification by Counterparty to Dealer that such information is true and correct.  In addition, Counterparty shall promptly notify Dealer of the earlier to occur of the completion of such transaction and the completion of the vote by target shareholders.

		
	(b)
	Counterparty acknowledges that any such Merger Announcement or delivery of a notice with respect thereto may cause a Regulatory Disruption and the terms of any Transaction to be adjusted (solely to account for the economic effect of such Merger Announcement on the Transaction) or such Transaction to be terminated; accordingly, Counterparty acknowledges that its delivery of such notice must comply with the standards set forth in Section 8 above.

“Merger Transaction” means any merger, acquisition or similar transaction involving a recapitalization as contemplated by Rule 10b-18(a)(13)(iv) under the Exchange Act.
		
	11.
	Special Provisions for Acquisition Transaction Announcements.  Notwithstanding anything to the contrary herein or in the Equity Definitions:

		
	(a)
	If an Acquisition Transaction Announcement occurs on or prior to the Final Settlement Date for any Transaction, then the Calculation Agent shall have the right to make an adjustment to the Forward Price Adjustment Amount as the Calculation Agent determines appropriate (including, without limitation and for the avoidance of doubt, adjustments that would allow the Number of Shares to be Delivered to be less than zero), at such time or at multiple times as the Calculation Agent determines appropriate, to account for the economic effect on such  Transaction of such event (including adjustments to account for changes in volatility, expected dividends, stock loan rate, value of any commercially reasonable Hedge Positions in connection with the Transaction and liquidity relevant to the Shares or to such Transaction).  If an Acquisition Transaction Announcement occurs after the Trade Date, but prior to the Acceleration Date of any Transaction, the Acceleration Date shall be the date of such Acquisition Transaction Announcement.  If the Number of Shares to be Delivered for any settlement of any Transaction is a negative number as a result of an adjustment to the Forward Price Adjustment Amount, then the terms of the Counterparty Settlement Provisions in Annex A hereto shall apply.

		
	(b)
	“Acquisition Transaction Announcement” means (i) the announcement of an Acquisition Transaction, (ii) an announcement that Counterparty or any of its subsidiaries has entered into an agreement, a letter of intent or an understanding to enter into an Acquisition Transaction, (iii) the announcement by the Counterparty of Counterparty’s intention to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, an Acquisition Transaction, (iv) the announcement by a bona fide person of such person’s intention to pursue an Acquisition Transaction that in the good faith commercially reasonable judgment of the Calculation Agent may result in an Acquisition Transaction; provided that the Calculation Agent shall in good faith determine whether any such person is a bona fide person or (v) any announcement of any change or amendment to any previous Acquisition Transaction Announcement (including any announcement of the abandonment of any such previously announced Acquisition Transaction, agreement, letter of intent, understanding or intention).  For the avoidance of doubt, announcements as used in the definition of 

16

Acquisition Transaction Announcement refer to any public announcement whether made by the Issuer or a bona fide person.
		
	(c)
	“Acquisition Transaction” means (i) any Merger Event (for purposes of this definition the definition of Merger Event shall be read with the references therein to “100%” being replaced by “15%” and references to “50%” being replaced by “75%” and without reference to the clause beginning immediately following the definition of Reverse Merger therein to the end of such definition), Tender Offer or Merger Transaction or any other transaction involving the merger of Counterparty with or into any third party, (ii) the sale or transfer of all or substantially all of the assets of Counterparty, (iii) a recapitalization, reclassification, binding share exchange or other similar transaction with respect to Counterparty, (iv) any acquisition by Counterparty or any of its subsidiaries where the aggregate consideration transferable by Counterparty or its subsidiaries exceeds 15% of the market capitalization of Counterparty, (v) any lease, exchange, transfer, disposition (including, without limitation, by way of spin-off or distribution) of assets (including, without limitation, any capital stock or other ownership interests in subsidiaries) or other similar event by Counterparty or any of its subsidiaries where the aggregate consideration transferable or receivable by or to Counterparty or its subsidiaries exceeds 15% of the market capitalization of Counterparty or (vi) any transaction in which Counterparty or its board of directors has a legal obligation to make a recommendation to its shareholders in respect of such transaction (whether pursuant to Rule 14e-2 under the Exchange Act or otherwise).

		
	12.
	Acknowledgments.

		
	(a)
	The parties hereto intend for:

		
	(i) 
	each Transaction to be a “securities contract” as defined in Section 741(7) of the Bankruptcy Code and a “forward contract” as defined in Section 101(25) of the Bankruptcy Code, and the parties hereto to be entitled to the protections afforded by, among other Sections, Sections 362(b)(6), 362(b)(27), 362(o), 546(e), 546(j), 555, 556, 560 and 561 of the Bankruptcy Code; 

		
	(ii) 
	the Agreement to be a “master netting agreement” as defined in Section 101(38A) of the Bankruptcy Code; 

		
	(iii) 
	a party’s right to liquidate, terminate or accelerate any Transaction, net out or offset termination values or payment amounts, and to exercise any other remedies upon the occurrence of any Event of Default or Termination Event under the Agreement with respect to the other party or any Extraordinary Event that results in the termination or cancellation of any Transaction to constitute a “contractual right” (as defined in the Bankruptcy Code); and 

		
	(iv) 
	all payments for, under or in connection with each Transaction, all payments for the Shares (including, for the avoidance of doubt, payment of the Prepayment Amount) and the transfer of such Shares to constitute “settlement payments” and “transfers” (as defined in the Bankruptcy Code).

		
	(b)
	Counterparty acknowledges that:

		
	(i)
	during the term of any Transaction, Dealer and its Affiliates may buy or sell Shares or other securities or buy or sell options or futures contracts or enter into swaps or other derivative securities in order to establish, adjust or unwind its hedge position with respect to such Transaction; 

		
	(ii)
	Dealer and its Affiliates may also be active in the market for the Shares and Share-linked transactions other than in connection with hedging activities in relation to any Transaction; 

17

		
	(iii)
	Dealer shall make its own determination as to whether, when or in what manner any hedging or market activities in Counterparty’s securities shall be conducted and shall do so in a manner that it deems appropriate to hedge its price and market risk with respect to the Forward Price and the VWAP Price; 

		
	(iv)
	any market activities of Dealer and its Affiliates with respect to the Shares may affect the market price and volatility of the Shares, as well as the Forward Price, VWAP Price and Settlement Price, each in a manner that may be adverse to Counterparty; and 

		
	(v)
	each Transaction is a derivatives transaction in which it has granted Dealer an option; Dealer may purchase shares for its own account at an average price that may be greater than, or less than, the price paid by Counterparty under the terms of the related Transaction.

		
	13.
	No Collateral, Netting or Setoff.  Notwithstanding any provision of the Agreement or any other agreement between the parties to the contrary, the obligations of Counterparty hereunder are not secured by any collateral.  Obligations under any Transaction shall not be netted, recouped or set off (including pursuant to Section 6 of the Agreement) against any other obligations of the parties, whether arising under the Agreement, this Master Confirmation or any Supplemental Confirmation, or under any other agreement between the parties hereto, by operation of law or otherwise, and no other obligations of the parties shall be netted, recouped or set off (including pursuant to Section 6 of the Agreement) against obligations under any Transaction, whether arising under the Agreement, this Master Confirmation or any Supplemental Confirmation, or under any other agreement between the parties hereto, by operation of law or otherwise, and each party hereby waives any such right of setoff, netting or recoupment.

		
	14.
	Delivery of Shares.  Notwithstanding anything to the contrary herein, Dealer may, by prior notice to Counterparty, satisfy its obligation to deliver any Shares or other securities on any date due (an “Original Delivery Date”) by making separate deliveries of Shares or such securities, as the case may be, at more than one time on or prior to such Original Delivery Date, so long as the aggregate number of Shares and other securities so delivered on or prior to such Original Delivery Date is equal to the number required to be delivered on such Original Delivery Date.

		
	15.
	Alternative Termination Settlement.  In the event that (a) an Early Termination Date (whether as a result of an Event of Default or a Termination Event) occurs or is designated with respect to any Transaction or (b) any Transaction is cancelled or terminated upon the occurrence of an Extraordinary Event (except as a result of (i) a Nationalization, Insolvency or Merger Event in which the consideration to be paid to all or substantially all holders of Shares consists solely of cash, (ii) a Merger Event or Tender Offer that is within Counterparty’s control, or (iii) an Event of Default in which Counterparty is the Defaulting Party or a Termination Event in which Counterparty is the Affected Party other than an Event of Default of the type described in Section 5(a)(iii), (v), (vi), (vii) or (viii) of the Agreement or a Termination Event of the type described in Section 5(b) of the Agreement, in each case that resulted from an event or events outside Counterparty’s control), if either party would owe any amount to the other party pursuant to Section 6(d)(ii) of the Agreement or any Cancellation Amount pursuant to Article 12 of the Equity Definitions (any such amount, a “Payment Amount”), then, in lieu of any payment of such Payment Amount, unless Counterparty makes an election to the contrary no later than the Early Termination Date or the date on which such Transaction is terminated or cancelled, Counterparty or Dealer, as the case may be, shall deliver to the other party a number of Shares (or, in the case of a Nationalization, Insolvency or Merger Event, a number of units, each comprising the number or amount of the securities or property that a hypothetical holder of one Share would receive in such Nationalization, Insolvency or Merger Event, as the case may be (each such unit, an “Alternative Delivery Unit”)) with a value equal to the Payment Amount, as determined by the Calculation Agent over a commercially reasonable period of time (and the parties agree that, in making such determination of value, the Calculation Agent may take into account a number of factors, including, without limitation, the market price of the Shares or Alternative Delivery Units on the Early Termination Date or the date of early cancellation or termination, as the case may be, and, if such delivery is made by Dealer, the prices at which Dealer purchases Shares or Alternative Delivery Units on any Calculation Date to fulfill its delivery obligations under this Section 15); provided that in determining the composition of any Alternative Delivery Unit, if the relevant Nationalization, Insolvency or Merger Event involves a choice of consideration to be received by all or substantially all holders, such holder 

18

shall be deemed to have elected to receive the maximum possible amount of cash; and provided further that Counterparty may elect that the provisions of this Section 15 above providing for the delivery of Shares or Alternative Delivery Units, as the case may be, shall not apply only if Counterparty represents and warrants to Dealer, in writing on the date it notifies Dealer of such election, that, as of such date, Counterparty is not aware of any material non-public information regarding Counterparty or the Shares and is making such election in good faith and not as part of a plan or scheme to evade compliance with the federal securities laws.  If delivery of Shares or Alternative Delivery Units, as the case may be, pursuant to this Section 15 is to be made by Counterparty, paragraphs 2 through 7 of Annex A hereto shall apply as if (A) such delivery were a settlement of such Transaction to which Net Share Settlement applied, (B) the Cash Settlement Payment Date were the Early Termination Date or the date of early cancellation or termination, as the case may be, and (C) the Forward Cash Settlement Amount were equal to (x) zero minus (y) the Payment Amount owed by Counterparty.  For the avoidance of doubt, if Counterparty validly elects for the provisions of this Section 15 relating to the delivery of Shares or Alternative Delivery Units, as the case may be, not to apply to any Payment Amount, the provisions of Article 12 of the Equity Definitions, or the provisions of Section 6(d)(ii) of the Agreement, as the case may be, shall apply.  If delivery of Shares or Alternative Delivery Units, as the case may be, is to be made by Dealer pursuant to this Section 15, the period during which Dealer purchases Shares or Alternative Delivery Units to fulfill its delivery obligations under this Section 15 shall be referred to as the “Seller Termination Purchase Period”; provided that the parties hereby agree that such purchases shall be made solely on Calculation Dates for the relevant Transaction.
		
	16.
	Calculations and Payment Date upon Early Termination.  The parties acknowledge and agree that in calculating (a) the Close-Out Amount pursuant to Section 6 of the Agreement and (b) the amount due upon cancellation or termination of any Transaction (whether in whole or in part) pursuant to Article 12 of the Equity Definitions as a result of an Extraordinary Event, Dealer may determine such amount based on (i) expected losses assuming a commercially reasonable (including, without limitation, with regard to reasonable legal and regulatory guidelines and taking into account the existence of any Other Specified Repurchase Transaction) risk bid were used to determine loss or (ii) the price at which one or more market participants would offer to sell to the Seller a block of shares of Common Stock equal in number to a commercially reasonable hedge position in relation to the Transaction.  Notwithstanding anything to the contrary in Section 6(d)(ii) of the Agreement or Article 12 of the Equity Definitions, all amounts calculated as being due in respect of an Early Termination Date under Section 6(e) of the Agreement or upon cancellation or termination of the relevant Transaction under Article 12 of the Equity Definitions will be payable on the day that notice of the amount payable is effective; provided that if Counterparty elects to receive or deliver Shares or Alternative Delivery Units in accordance with Section 15, such Shares or Alternative Delivery Units shall be delivered on a date selected by Dealer as promptly as practicable.

		
	17.
	Limit on Beneficial Ownership.  Notwithstanding anything to the contrary in this Master Confirmation, Counterparty acknowledges and agrees that, on any day, Dealer shall not be obligated to receive from Counterparty any Shares, and Counterparty shall not be entitled to deliver to Dealer any Shares, to the extent (but only to the extent) that after such transactions Dealer’s ultimate parent entity would directly or indirectly “beneficially own” (as such term is defined for purposes of Section 13(d) of the Exchange Act) at any time on such day in excess of 4% of the outstanding Shares.  Any purported receipt of Shares shall be void and have no effect to the extent (but only to the extent) that after such receipt, Dealer’s ultimate parent entity would directly or indirectly so beneficially own in excess of 4% of the outstanding Shares.  If, on any day, any receipt of Shares by Dealer is not effected, in whole or in part, as a result of this Section 17, Counterparty’s obligations to deliver such Shares shall not be extinguished and any such delivery shall be effected over time by Counterparty as promptly as Dealer determines, such that after any such delivery, Dealer’s ultimate parent entity would not directly or indirectly beneficially own in excess of 4% of the outstanding Shares.

		
	18.
	Maximum Share Delivery.  Notwithstanding anything to the contrary in this Master Confirmation, in no event shall Dealer be required to deliver any Shares, or any Shares or other securities comprising Alternative Delivery Units, in respect of any Transaction in excess of the Maximum Number of Shares set forth in the Supplemental Confirmation for such Transaction.

19

		
	19.
	Additional Termination Events.

		
	(a)
	The occurrence of an event described in paragraph III of Annex B hereto will constitute an Additional Termination Event, with Counterparty as the sole Affected Party and the Transactions specified in such paragraph III as the Affected Transactions.

		
	(b)
	Notwithstanding anything to the contrary in Section 6 of the Agreement, if a Termination Price is specified in the Supplemental Confirmation for any Transaction, then an Additional Termination Event will occur without any notice or action by Dealer or Counterparty if the price of the Shares on the Exchange at any time falls below such Termination Price, with Counterparty as the sole Affected Party and such Transaction as the sole Affected Transaction.

		
	20.
	Non-confidentiality.  Dealer and Counterparty hereby acknowledge and agree that, subject to Section 8(e), each is authorized to disclose every aspect of this Master Confirmation, any Supplemental Confirmation and the transactions contemplated hereby and thereby to any and all persons, without limitation of any kind, and there are no express or implied agreements, arrangements or understandings to the contrary.

		
	21.
	Counterparty Indemnification.  Counterparty agrees to indemnify and hold harmless JPMorgan and its officers, directors, employees, Affiliates, advisors, agents and controlling persons (each, an “Indemnified Person”) from and against any and all losses, claims, damages and liabilities, joint or several (collectively, “Obligations”), to which an Indemnified Person may become subject arising out of or in connection with this Master Confirmation or any Supplemental Confirmation, or any claim, litigation, investigation or proceeding relating thereto, regardless of whether any of such Indemnified Person is a party thereto, and to reimburse, within 30 days, upon written request, each such Indemnified Person for any reasonable legal or other expenses incurred in connection with investigating, preparation for, providing evidence for or defending any of the foregoing; provided, however, that Counterparty shall not have any liability to any Indemnified Person to the extent that such Obligations (a) are finally determined by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Indemnified Person (and in such case, such Indemnified Person shall promptly return to Counterparty any amounts previously expended by Counterparty hereunder) or (b) are trading losses incurred by JPMorgan as part of its purchases or sales of Shares pursuant to this Master Confirmation or any Supplemental Confirmation (unless such trading losses are related to the breach of any agreement, term or covenant herein).

		
	22.
	Assignment and Transfer.  Notwithstanding anything to the contrary in the Agreement without the prior written consent of Counterparty, Dealer may assign any of its rights or duties hereunder to (1) any affiliate of Dealer that has a credit rating that is not lower than the credit rating of Dealer immediately prior to the time of such proposed transfer or (2) an affiliate of Dealer whose obligations are guaranteed by the Dealer.  Notwithstanding any other provision in this Master Confirmation to the contrary requiring or allowing Dealer to purchase, sell, receive or deliver any Shares or other securities to or from Counterparty, Dealer may designate any of its Affiliates to purchase, sell, receive or deliver such Shares or other securities and otherwise to perform Dealer’s obligations in respect of any Transaction and any such designee may assume such obligations.  Dealer may assign the right to receive Settlement Shares to any third party who may legally receive Settlement Shares.  Dealer shall be discharged of its obligations to Counterparty only to the extent of any such performance.  For the avoidance of doubt, Dealer hereby acknowledges that notwithstanding any such designation hereunder, to the extent any of Dealer’s obligations in respect of any Transaction are not completed by its designee, Dealer shall be obligated to continue to perform or to cause any other of its designees to perform in respect of such obligations.

		
	23.
	Amendments to the Equity Definitions.

		
	(a)
	Section 11.2(a) of the Equity Definitions is hereby amended by deleting the words “a diluting or concentrative” and replacing them with the words “a material”; and adding the phrase “or such Transaction” at the end of the sentence.

		
	(b)
	Section 11.2(c) of the Equity Definitions is hereby amended by (i) replacing the words “a diluting or concentrative” with “a material” in the fifth line thereof, (ii) adding the phrase “or such Transaction” 

20

after the words “the relevant Shares” in the same sentence, (iii) deleting the words “dilutive or concentrative” in the sixth to last line thereof, and (iv) deleting the phrase “(provided that no adjustments will be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares)” and replacing it with the phrase “(provided that, solely in the case of Sections 11.2(e)(i), (ii)(A), (iv) and (v), no adjustments will be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares but, for the avoidance of doubt, solely in the case of Sections 11.2(e)(B) through (D), (iii), (vi) and (vii) adjustments may be made to account solely for changes in volatility, expected dividends, stock loan rate or liquidity relative to the relevant Shares).”
		
	(c)
	Section 11.2(e)(vii) of the Equity Definitions is hereby amended by deleting the words “a diluting or concentrative” and replacing them with the words “a material”; and adding the phrase “or the relevant Transaction” at the end of the sentence.

		
	(d)
	Section 12.6(a)(ii) of the Equity Definitions is hereby amended by (i) deleting from the fourth line thereof the word “or” after the word “official” and inserting a comma therefor, and (ii) deleting the semi-colon at the end of subsection (B) thereof and inserting the following words therefor “or (C) at Dealer’s option, the occurrence of any of the events specified in Section 5(a)(vii) (1) through (9) of the ISDA Master Agreement with respect to that Issuer.”

		
	(e)
	Section 12.9(b)(iv) of the Equity Definitions is hereby amended by:

		
	(i)
	deleting (1) subsection (A) in its entirety, (2) the phrase “or (B)” following subsection (A) and (3) the phrase “in each case” in subsection (B); and

		
	(ii)
	replacing the phrase “neither the Non-Hedging Party nor the Lending Party lends Shares” with the phrase “such Lending Party does not lend Shares” in the penultimate sentence.

		
	(f)
	Section 12.9(b)(v) of the Equity Definitions is hereby amended by:

		
	(i)
	adding the word “or” immediately before subsection “(B)” and deleting the comma at the end of subsection (A); and

		
	(ii)
	(1) deleting subsection (C) in its entirety, (2) deleting the word “or” immediately preceding subsection (C), (3) deleting the penultimate sentence in its entirety and replacing it with the sentence “The Hedging Party will determine the Cancellation Amount payable by one party to the other” and (4) deleting clause (X) in the final sentence.

		
	24.
	Extraordinary Dividend.  If Counterparty declares any Extraordinary Dividend that has an ex-dividend date during the period commencing on the Trade Date for any Transaction and ending of the last day of the Relevant Period or, if applicable, the later of the last day of the Settlement Valuation Period and the last day of the Seller Termination Purchase Period, for such Transaction, then prior to or on the date on which such Extraordinary Dividend is paid by Counterparty to holders of record, Counterparty shall pay to JPMorgan, for each Transaction under this Master Confirmation, an amount in cash equal to the product of (i) the amount of such Extraordinary Dividend and (ii) the theoretical short delta number of shares as of the opening of business on the related ex-dividend date, as determined by the Calculation Agent in good faith and in a commercially reasonable manner in accordance with “Hedging Adjustments” provisions set forth in Section 1 of this Confirmation, required for JPMorgan to hedge its exposure to such Transaction.

		
	25.
	Status of Claims in Bankruptcy.  Dealer acknowledges and agrees that neither this Master Confirmation nor any Supplemental Confirmation is intended to convey to Dealer rights against Counterparty with respect to any Transaction that are senior to the claims of common stockholders of Counterparty in any United States bankruptcy proceedings of Counterparty; provided that nothing herein shall limit or shall be deemed to limit Dealer’s right to pursue remedies in the event of a breach by Counterparty of its obligations and agreements with respect to any Transaction; provided further that nothing herein shall limit or shall be deemed to limit Dealer’s rights in respect of any transactions other than any Transaction.

21

		
	26.
	Wall Street Transparency and Accountability Act.  In connection with Section 739 of the Wall Street Transparency and Accountability Act of 2010 (“WSTAA”), the parties hereby agree that neither the enactment of WSTAA or any regulation under the WSTAA, nor any requirement under WSTAA or an amendment made by WSTAA, nor any similar legal certainty provision in any legislation enacted, or rule or regulation promulgated, on or after the date of this Master Confirmation, shall limit or otherwise impair either party’s otherwise applicable rights to terminate, renegotiate, modify, amend or supplement any Supplemental Confirmation, this Master Confirmation or the Agreement, as applicable, arising from a termination event, force majeure, illegality, increased costs, regulatory change or similar event under any Supplemental Confirmation, this Master Confirmation, the Equity Definitions incorporated herein, or the Agreement (including, without limitation, rights arising from Change in Law, Loss of Stock Borrow, Increased Cost of Stock Borrow, Hedging Disruption, Increased Cost of Hedging, or Illegality).

		
	27.
	Role of Agent.  Each party agrees and acknowledges that (a) Agent, an Affiliate of Dealer, has acted solely as agent and not as principal with respect to this Master Confirmation and each Transaction and (b) Agent has no obligation or liability, by way of guaranty, endorsement or otherwise, in any manner in respect of any Transaction (including, if applicable, in respect of the settlement thereof).  Each party agrees it will look solely to the other party (or any guarantor in respect thereof) for performance of such other party’s obligations under any Transaction.  Agent is authorized to act as agent for Dealer.

		
	28.
	Waiver of Jury Trial.  EACH PARTY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING RELATING TO THE AGREEMENT, THIS MASTER CONFIRMATION, EACH SUPPLEMENTAL CONFIRMATION, THE TRANSACTIONS HEREUNDER AND ALL MATTERS ARISING IN CONNECTION WITH THE AGREEMENT, THIS MASTER CONFIRMATION AND ANY SUPPLEMENTAL CONFIRMATION AND THE TRANSACTIONS HEREUNDER.  EACH PARTY (I) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF SUCH A SUIT, ACTION OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND (II) ACKNOWLEDGES THAT IT AND THE OTHER PARTY HAVE BEEN INDUCED TO ENTER INTO THE TRANSACTIONS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS PROVIDED HEREIN.

		
	29.
	Delivery or Receipt of Cash. For the avoidance of doubt, other than receipt of the Premium by Company, nothing in this Confirmation shall be interpreted as requiring Company to cash settle the Transaction, except in circumstances where cash settlement is within Company’s control (including, without limitation, where Company elects to deliver or receive cash, or where Company has made private placement settlement unavailable due to the occurrence of events within its control) or in those circumstances in which holders of Shares would also receive cash.

		
	30.
	Counterparts.  This Master Confirmation may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Master Confirmation by signing and delivering one or more counterparts.

22

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Master Confirmation and returning it to us.
Very truly yours,
	
		
	J.P. MORGAN SECURITIES LLC, as agent for JPMorgan Chase Bank, National Association

	By:
	/s/ Jason Shrednick

	Authorized Signatory

	Name:   Jason Shrednick
Title:       Executive Director

	 

Accepted and confirmed 
as of the date first set  
forth above:
	
		
	INFORMATICA CORPORATION

	By:
	/s/ Mike Berry

	Authorized Signatory

	Name:      Mike Berry
Title:       Executive Vice President and  
   Chief Financial Officer

	 

23

SCHEDULE A
FORM OF SUPPLEMENTAL CONFIRMATION
JPMorgan Chase Bank, National Association 
P.O.  Box 161 
60 Victoria Embankment 
London EC4Y 0JP 
England

[__________], 20[__]
		
	To: 
	Informatica Corporation 
2100 Seaport Boulevard 
Redwood City, California 94063

Re:     Supplemental Confirmation—Uncollared Accelerated Share Repurchase
The purpose of this Supplemental Confirmation is to confirm the terms and conditions of the Transaction entered into between J.P. Morgan Securities LLC, as agent for JPMorgan Chase Bank, National Association, London Branch (“Dealer”), and Informatica Corporation, a Delaware corporation (“Counterparty”) on the Trade Date specified below.  This Supplemental Confirmation is a binding contract between Dealer and Counterparty as of the relevant Trade Date for the Transaction referenced below.
1.    This Supplemental Confirmation supplements, forms part of, and is subject to the Master Confirmation, dated as of February 3, 2015 (the “Master Confirmation”), between Dealer and Counterparty, as amended and supplemented from time to time.  All provisions contained in the Master Confirmation govern this Supplemental Confirmation except as expressly modified below.
2.    The terms of the Transaction to which this Supplemental Confirmation relates are as follows: 
		
	Trade Date:
	[__________], 20[__]

		
	Forward Price Adjustment Amount:
	USD [___] 

		
	Calculation Period Start Date:
	The [__]th Scheduled Trading Day immediately following the Trade Date.

		
	Scheduled Termination Date:
	The [__]th Scheduled Trading Day immediately following the Trade Date.

		
	Final Termination Date:
	[__________], 20[__]

		
	Acceleration Date:
	The [__]th Scheduled Trading Day immediately following the Trade Date.

		
	Prepayment Amount:
	USD [___] 

		
	Prepayment Date:
	[__________], 20[__]

JPMorgan Chase Bank, National Association 
Organised under the laws of the United States as a National Banking Association. 
Main Office 1111 Polaris Parkway, Columbus, Ohio 43240 
Registered as a branch in England & Wales branch No. BR000746 
Registered Branch Office 25 Bank Street, Canary Wharf, London E14 5JP 
Authorised by the Office of the Comptroller of the Currency in the jurisdiction of the USA. 
Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct 
Authority and to limited regulation by the Prudential Regulation Authority. Details about the 
extent of our regulation by the Prudential Regulation Authority are available from us on request.
A-1

		
	Initial Shares:
	[___] Shares; provided that if, in connection with the Transaction, Dealer is unable to borrow or otherwise acquire a number of Shares equal to the Initial Shares for delivery to Counterparty on the Initial Share Delivery Date, the Initial Shares delivered on the Initial Share Delivery Date shall be reduced to such number of Shares that Dealer is able to so borrow or otherwise acquire.  All Shares delivered to Counterparty in respect of the Transaction pursuant to this paragraph shall be the “Initial Shares” for purposes of “Number of Shares to be Delivered” in the Master Confirmation.

		
	Initial Share Delivery Date:
	[__________], 20[__]

		
	Maximum Stock Loan Rate:
	[___] basis points per annum

		
	Initial Stock Loan Rate:
	[___] basis points per annum

		
	Maximum Number of Shares:
	[___] Shares

		
	Floor Price:
	USD 0.01 per Share 

		
	Termination Price:
	USD [___] per Share 

		
	Additional Relevant Days:
	The 5 Exchange Business Days immediately following the Calculation Period.

		
	Reserved Shares:
	Notwithstanding anything to the contrary in the Master Confirmation, as of the date of this Supplemental Confirmation, the Reserved Shares shall be equal to [___] Shares.

A-2

		
	2.
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If necessary, the Calculation Agent may add additional Calculation Dates beginning with [  ] and continuing with every other Scheduled Trading Day thereafter.
4.    This Supplemental Confirmation may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Supplemental Confirmation by signing and delivering one or more counterparts.

A-3

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing this Supplemental Confirmation and returning it to us.
Very truly yours,
	
		
	J.P. MORGAN SECURITIES LLC, as agent for JPMorgan Chase Bank, National Association

	By:
	 

	Authorized Signatory

	Name:   

Accepted and confirmed 
as of the Trade Date:
	
		
	INFORMATICA CORPORATION

	By:
	 

	Authorized Signatory

	Name:      Mike Berry
Title:       Executive Vice President and  
   Chief Financial Officer

	 

JPMorgan Chase Bank, National Association 
Organised under the laws of the United States as a National Banking Association. 
Main Office 1111 Polaris Parkway, Columbus, Ohio 43240 
Registered as a branch in England & Wales branch No. BR000746 
Registered Branch Office 25 Bank Street, Canary Wharf, London E14 5JP 
Authorised by the Office of the Comptroller of the Currency in the jurisdiction of the USA. 
Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct 
Authority and to limited regulation by the Prudential Regulation Authority. Details about the 
extent of our regulation by the Prudential Regulation Authority are available from us on request.
A-4

SCHEDULE B
FORM OF CERTIFICATE OF RULE 10B-18 PURCHASES

[Letterhead of Counterparty]
JPMorgan Chase Bank, National Association
c/o J.P. Morgan Securities LLC
383 Madison Avenue
7th Floor
New York, New York 10172

Re:     Uncollared Accelerated Share Repurchase

Ladies and Gentlemen:
In connection with our entry into the Master Confirmation, dated as of February 3, 2015, between J.P. Morgan Securities LLC, as agent for JPMorgan Chase Bank, National Association, London Branch, and Informatica Corporation, a Delaware corporation, as amended and supplemented from time to time (the “Master Confirmation”), we hereby represent that set forth below is the total number of shares of our common stock purchased by or for us or any of our affiliated purchasers in Rule 10b-18 purchases of blocks (all as defined in Rule 10b-18 under the Securities Exchange Act of 1934) pursuant to the once-a-week block exception set forth in Rule 10b-18(b)(4) during the four full calendar weeks immediately preceding the first day of the [Calculation Period][Settlement Valuation Period][Seller Termination Purchase Period] (as defined in the Master Confirmation) and the week during which the first day of such [Calculation Period][Settlement Valuation Period][Seller Termination Purchase Period] occurs.
Number of Shares:   __________________
We understand that you will use this information in calculating trading volume for purposes of Rule 10b-18.
Very truly yours,
	
		
	INFORMATICA CORPORATION

	By:
	 

	Authorized Signatory

	Name:      Mike Berry
Title:       Executive Vice President and  
   Chief Financial Officer

	 

B-1

ANNEX A
COUNTERPARTY SETTLEMENT PROVISIONS
1.    The following Counterparty Settlement Provisions shall apply to any Transaction to the extent indicated under the Master Confirmation: 
		
	Settlement Currency:
	USD 

		
	Settlement Method Election:
	Applicable; provided that (i) Section 7.1 of the Equity Definitions is hereby amended by deleting the word “Physical” in the sixth line thereof and replacing it with the words “Net Share” and (ii) the Electing Party may make a settlement method election only if the Electing Party represents and warrants to Dealer in writing on the date it notifies Dealer of its election that, as of such date, the Electing Party is not aware of any material non-public information regarding Counterparty or the Shares and is electing the settlement method in good faith and not as part of a plan or scheme to evade compliance with the federal securities laws.

		
	Electing Party:
	Counterparty 

		
	Settlement Method Election Date:
	The earlier of (i) the Scheduled Termination Date and (ii) the second Exchange Business Day immediately following the Accelerated Termination Date (in which case the election under Section 7.1 of the Equity Definitions shall be made no later than 10 minutes prior to the open of trading on the Exchange on such second Exchange Business Day), as the case may be.

		
	Default Settlement Method:
	Cash Settlement 

		
	Forward Cash Settlement Amount:
	An amount equal to (a) the Number of Shares to be Delivered, multiplied by (b) the Settlement Price.

		
	Settlement Price:
	An amount equal to the sum of the average of the VWAP Prices for the Calculation Dates in the Settlement Valuation Period, plus a commercially reasonable fee, subject to Valuation Disruption as specified in the Master Confirmation.

		
	Settlement Valuation Period:
	A number of Scheduled Trading Days selected by Dealer in its reasonable discretion, beginning on the Scheduled Trading Day immediately following the earlier of (i) the Scheduled Termination Date or (ii) the Exchange Business Day immediately following the Termination Date.

		
	Cash Settlement:
	If Cash Settlement is applicable, then Buyer shall pay to Dealer the absolute value of the Forward Cash Settlement Amount on the Cash Settlement Payment Date.

		
	Cash Settlement Payment Date:
	The Exchange Business Day immediately following the last day of the Settlement Valuation Period.

		
	Net Share Settlement Procedures:
	If Net Share Settlement is applicable, Net Share Settlement shall be made in accordance with paragraphs 2 through 7 below.

2.    Net Share Settlement shall be made by delivery on the Cash Settlement Payment Date of a number of Shares satisfying the conditions set forth in paragraph 3 below (the “Registered Settlement Shares”), or a number of Shares not satisfying such conditions (the “Unregistered Settlement Shares”), in either case with a value equal to 

Annex A-1

the absolute value of the Forward Cash Settlement Amount, with such Shares’ value based on the value thereof to Dealer (which value shall, in the case of Unregistered Settlement Shares, take into account a commercially reasonable illiquidity discount), in each case as determined by the Calculation Agent.  If all of the conditions for delivery of either Registered Settlement Shares or Unregistered Settlement Shares have not been satisfied, Cash Settlement shall be applicable in accordance with paragraph 1 above notwithstanding Counterparty’s election of Net Share Settlement.
3.    Counterparty may only deliver Registered Settlement Shares pursuant to paragraph 2 above if: 
(a)    a registration statement covering public resale of the Registered Settlement Shares by Dealer (the “Registration Statement”) shall have been filed with the Securities and Exchange Commission under the Securities Act and been declared or otherwise become effective on or prior to the date of delivery, and no stop order shall be in effect with respect to the Registration Statement; a printed prospectus relating to the Registered Settlement Shares (including, without limitation, any prospectus supplement thereto, the “Prospectus”) shall have been delivered to Dealer, in such quantities as Dealer shall reasonably have requested, on or prior to the date of delivery; 
(b)    the form and content of the Registration Statement and the Prospectus (including, without limitation, any sections describing the plan of distribution) shall be reasonably satisfactory to Dealer; 
(c)    as of or prior to the date of delivery, Dealer and its agents shall have been afforded a reasonable opportunity to conduct a due diligence investigation with respect to Counterparty customary in scope for underwritten offerings of equity securities of similar size and the results of such investigation are satisfactory to Dealer, in its discretion, subject to Dealer and its agents entering into customary confidentiality agreements for transactions of this type; and 
(d)    as of the date of delivery, an agreement (the “Underwriting Agreement”) shall have been entered into with Dealer in connection with the public resale of the Registered Settlement Shares by Dealer substantially similar to underwriting agreements customary for underwritten offerings of equity securities for companies of a similar size in a similar industry, in form and substance commercially reasonably satisfactory to Dealer, which Underwriting Agreement shall include, without limitation, provisions substantially similar in all material respects to those contained in such underwriting agreements relating, without limitation, to the indemnification of, and contribution in connection with the liability of, Dealer and its Affiliates and the provision of customary opinions, accountants’ comfort letters and lawyers’ negative assurance letters.
4.    If Counterparty delivers Unregistered Settlement Shares pursuant to paragraph 2 above: 
(a)    all Unregistered Settlement Shares shall be delivered to Dealer (or any Affiliate of Dealer designated by Dealer) pursuant to the exemption from the registration requirements of the Securities Act provided by Section 4(2) thereof; 
(b)    as of or prior to the date of delivery, Dealer and any potential purchaser of any such shares from Dealer (or any Affiliate of Dealer designated by Dealer) identified by Dealer shall be afforded a commercially reasonable opportunity to conduct a due diligence investigation with respect to Counterparty customary in scope for private placements of equity securities for companies of a similar size in a similar industry (including, without limitation, the right to have made available to them for inspection all financial and other records, pertinent corporate documents and other information reasonably requested by them), subject to Dealer and its agents entering into customary confidentiality agreements for transactions of this type;
(c)    as of the date of delivery, Counterparty shall enter into an agreement (a “Private Placement Agreement”) with Dealer (or any Affiliate of Dealer designated by Dealer) in connection with the private placement of such shares by Counterparty to Dealer (or any such Affiliate) and the private resale of such shares by Dealer (or any such Affiliate), substantially similar to private placement purchase agreements customary for private placements of equity securities for companies of a similar size in a similar industry, in form and substance commercially reasonably satisfactory to Dealer, which Private Placement Agreement shall include, without limitation, provisions substantially similar to those contained in such private placement purchase agreements relating, without limitation, to the indemnification of, and contribution in connection with the liability of, Dealer and its Affiliates and the provision of customary opinions, accountants’ comfort letters and lawyers’ negative assurance letters, and shall provide for the payment by Counterparty of all fees and expenses of Dealer (and any such Affiliate) in connection with such resale, including, without limitation, all fees and expenses of counsel for Dealer (other than any FINRA or other expenses 

Annex A-2

related to Dealer’s status as a regulated entity), and shall contain customary representations, warranties, covenants and agreements of Counterparty for transactions of this type reasonably necessary or advisable to establish and maintain the availability of an exemption from the registration requirements of the Securities Act for such resales; and 
(d)    in connection with the private placement of such shares by Counterparty to Dealer (or any such Affiliate) and the private resale of such shares by Dealer (or any such Affiliate), Counterparty shall, if so requested by Dealer, prepare, in cooperation with Dealer, a private placement memorandum in form and substance commercially reasonably satisfactory to Dealer.
5.    Dealer, itself or through an Affiliate (the “Selling Agent”) or any underwriter(s), will sell all, or such lesser portion as may be required hereunder, of the Registered Settlement Shares or Unregistered Settlement Shares and any Makewhole Shares (as defined below) (together, the “Settlement Shares”) delivered by Counterparty to Dealer pursuant to paragraph 6 below commencing on the Cash Settlement Payment Date and continuing until the date on which the aggregate Net Proceeds (as such term is defined below) of such sales, as determined by Dealer, is equal to the absolute value of the Forward Cash Settlement Amount (such date, the “Final Resale Date”).  If the proceeds of any sale(s) made by Dealer, the Selling Agent or any underwriter(s), net of any fees and commissions (including, without limitation, commercially reasonable underwriting or placement fees) customary for similar transactions under the circumstances at the time of the offering, together with commercially reasonable carrying charges and expenses incurred in connection with the offer and sale of the Shares (other than any FINRA or other expenses related to Dealer’s status as a regulated entity) (including, without limitation, the covering of any over-allotment or short position (syndicate or otherwise)) (the “Net Proceeds”) exceed the absolute value of the Forward Cash Settlement Amount, Dealer will refund, in USD (or Shares at Counterparty’s election), such excess to Counterparty on the date that is three (3) Currency Business Days following the Final Resale Date, and, if any portion of the Settlement Shares remains unsold, Dealer shall return to Counterparty on that date such unsold Shares.
6.    If the Calculation Agent determines that the Net Proceeds received from the sale of the Registered Settlement Shares or Unregistered Settlement Shares or any Makewhole Shares, if any, pursuant to this paragraph 6 are less than the absolute value of the Forward Cash Settlement Amount (the amount in USD by which the Net Proceeds are less than the absolute value of the Forward Cash Settlement Amount being the “Shortfall” and the date on which such determination is made, the “Deficiency Determination Date”), Counterparty shall on the Exchange Business Day next succeeding the Deficiency Determination Date (the “Makewhole Notice Date”) deliver to Dealer, through the Selling Agent, a notice of Counterparty’s election that Counterparty shall either (i) pay an amount in cash equal to the Shortfall on the day that is one Currency Business Day after the Makewhole Notice Date, or (ii) deliver additional Shares to compensate Dealer for such Shortfall.  If Counterparty elects to deliver to Dealer additional Shares, then Counterparty shall deliver additional Shares in compliance with the terms and conditions of paragraph 3 or paragraph 4 above, as the case may be (the “Makewhole Shares”), on the first Clearance System Business Day which is also an Exchange Business Day following the Makewhole Notice Date in such number as the Calculation Agent reasonably believes would have a market value on that Exchange Business Day equal to the Shortfall.  Such Makewhole Shares shall be sold by Dealer in accordance with the provisions above; provided that if the sum of the Net Proceeds from the sale of the originally delivered Shares and the Net Proceeds from the sale of any Makewhole Shares is less than the absolute value of the Forward Cash Settlement Amount then Counterparty shall, at its election, either make such cash payment or deliver to Dealer further Makewhole Shares until such Shortfall has been reduced to zero.
7.    Notwithstanding the foregoing, in no event shall the aggregate number of Settlement Shares for any Transaction be greater than the Reserved Shares minus the amount of any Shares actually delivered by Counterparty under the Transaction (the result of such calculation, the “Capped Number”).  Counterparty represents and warrants (which shall be deemed to be repeated on each day that a Transaction is outstanding) that the Capped Number is equal to or less than the number of Shares determined according to the following formula: 
A – B
		
	Where
	A  = the number of authorized but unissued shares of Counterparty that are not reserved for future issuance on the date of the determination of the Capped Number; and

		
	               
	B   =   the maximum number of Shares required to be delivered to third parties if Counterparty elected Net Share Settlement of all transactions in the Shares (other than Transactions in the Shares 

Annex A-3

under this Master Confirmation) with all third parties that are then currently outstanding and unexercised.

“Reserved Shares” means initially, 10,714,000 Shares.  The Reserved Shares may be increased or decreased in a Supplemental Confirmation.
If at any time, as a result of this paragraph 7, Counterparty fails to deliver to Dealer any Settlement Shares, Counterparty shall, to the extent that Counterparty has at such time authorized but unissued Shares not reserved for other purposes, promptly notify Dealer thereof and deliver to Dealer a number of Shares not previously delivered as a result of this paragraph 7.  Counterparty agrees to use its commercially reasonable efforts to cause the number of authorized but unissued Shares to be increased, if necessary, to an amount sufficient to permit Counterparty to fulfill its obligation to deliver any Settlement Shares.

Annex A-4

ANNEX B
COMMUNICATIONS PROCEDURES

February 3, 2015

I.    Introduction
Informatica Corporation (“Counterparty”) and J.P. Morgan Securities LLC, as agent for JPMorgan Chase Bank, National Association, London Branch (“Dealer”), have adopted these communications procedures (the “Communications Procedures”) in connection with entering into the Master Confirmation (the “Master Confirmation”), dated as of February 3, 2015, between Dealer and Counterparty relating to Uncollared Accelerated Share Repurchase transactions.  These Communications Procedures supplement, form part of, and are subject to the Master Confirmation.
II.    Communications Rules
For each Transaction, from the Trade Date for such Transaction until the date all payments or deliveries of Shares have been made with respect to such Transaction, Counterparty and its Employees and Designees shall not engage in any Program-Related Communication with, or disclose any Material Non-Public Information to, any Trading Personnel.  Except as set forth in the preceding sentence, the Master Confirmation shall not limit Counterparty and its Employees and Designees in their communication with Affiliates and Employees of Dealer, including, without limitation, Employees who are Permitted Contacts.
III.    Termination
If, in the sole judgment of any Trading Personnel or any Affiliate or Employee of Dealer participating in any Communication with Counterparty or any Employee or Designee of Counterparty, such Communication would not be permitted by these Communications Procedures, such specified Trading Personnel or Affiliate or Employee of Dealer shall immediately terminate such Communication.  In such case, or if such specified Trading Personnel or Affiliate or Employee of Dealer determines following completion of any Communication with Counterparty or any Employee or Designee of Counterparty that such Communication was not permitted by these Communications Procedures, such specified Trading Personnel or such Affiliate or Employee of Dealer shall promptly consult with his or her supervisors and with counsel for Dealer regarding such Communication.  If, in the reasonable judgment of Dealer’s counsel following such consultation, there is more than an insignificant risk that such Communication could materially jeopardize the availability of the affirmative defenses provided in Rule 10b5-1 under the Exchange Act with respect to any ongoing or contemplated activities of Dealer or its Affiliates in respect of any Transaction pursuant to the Master Confirmation, it shall be an Additional Termination Event pursuant to Section 19(a) of the Master Confirmation, with Counterparty as the sole Affected Party and all Transactions under the Master Confirmation as Affected Transactions.
IV.    Definitions
Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Master Confirmation.  As used herein, the following words and phrases shall have the following meanings:
“Communication” means any contact or communication (whether written, electronic, oral or otherwise) between Counterparty or any of its Employees or Designees, on the one hand, and Dealer or any of its Affiliates or Employees, on the other hand.
“Designee” means a person designated, in writing or orally, by Counterparty to communicate with Dealer on behalf of Counterparty.
“Permitted Contact” means any of Mr. David Aidelson, Mr. Gregory Batista, Mr. Elliot Chalom, Mr. Sanjay Jain, Mr. Marvin A. Larbi-Yeboa, Mr. Drago Rajkovic, Mr. Steven Seltzer, Mr. Kurt N. Simon, Mr. Sudheer R. Tegulapalle and Mr. Yun Xie or any of their designees; provided that Dealer may amend the list of Permitted Contacts by delivering a revised list of Permitted Contacts to Counterparty.

Annex B-1

“Trading Personnel” means Mr. Michael Captain, Mr. Edwin Li, Mr. Michael Tatro and any other Employee of the public side of the Equity Derivatives Group of J.P. Morgan Chase & Co.; provided that Dealer may amend the list of Trading Personnel by delivering a revised list of Trading Personnel to Counterparty; and provided further that, for the avoidance of doubt, the persons listed as Permitted Contacts are not Trading Personnel.
“Employee” means, with respect to any entity, any owner, principal, officer, director, employee or other agent or representative of such entity, and any Affiliate of any of such owner, principal, officer, director, employee, agent or representative.
“Material Non-Public Information” means information relating to Counterparty or the Shares that (a) has not been widely disseminated by wire service, in one or more newspapers of general circulation, by communication from Counterparty to its shareholders or in a press release, or contained in a public filing made by Counterparty with the Securities and Exchange Commission and (b) a reasonable investor might consider to be of importance in making an investment decision to buy, sell or hold Shares.  For the avoidance of doubt and solely by way of illustration, information should be presumed “material” if it relates to such matters as dividend increases or decreases, earnings estimates, changes in previously released earnings estimates, significant expansion or curtailment of operations, a significant increase or decline of orders, significant merger or acquisition proposals or agreements, significant new products or discoveries, extraordinary borrowing, major litigation, liquidity problems, extraordinary management developments, purchase or sale of substantial assets and similar matters.
“Program-Related Communication” means any Communication the subject matter of which relates to the Master Confirmation or any Transaction under the Master Confirmation or any activities of Dealer (or any of its Affiliates) in respect of the Master Confirmation or any Transaction under the Master Confirmation.

Annex B-2

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