Document:

EX-10.2

 Exhibit 10.2 
 UNDERWRITING AGREEMENT 
 United States Steel Corporation 

$275,000,000 6.875% Senior Notes due 2021 
 March 20, 2013 
 J.P. Morgan Securities LLC 

  As Representative of the 

  several Underwriters listed 

  in Schedule 1 hereto 
 c/o J.P.
Morgan Securities LLC 
 383 Madison Avenue 
 New York, New York 10179 
 Ladies and Gentlemen: 

United States Steel Corporation, a Delaware corporation (the “Company”), proposes to issue and sell to the several Underwriters
listed in Schedule 1 hereto (the “Underwriters”), for whom you are acting as representative (the “Representative”), $275,000,000 principal amount of its 6.875% Senior Notes due 2021 (the “Securities”). The Securities
will be issued pursuant to an indenture dated as of May 21, 2007 (the “Base Indenture”) between the Company and The Bank of New York Mellon, as trustee (the “Trustee”), as heretofore supplemented and amended and as to be
further supplemented and amended by a Sixth Supplemental Indenture, dated on or about March 26, 2013, to the Base Indenture relating to the Securities (the “Supplemental Indenture” and, together with the Base Indenture and any other
amendments or supplements thereto, the “Indenture”), between the Company and the Trustee. 
 The Company hereby
confirms its agreement with the several Underwriters concerning the purchase and sale of the Securities, as follows: 
 1.
Registration Statement. The Company has prepared and filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended, and the rules and regulations of the Commission thereunder
(collectively, the “Securities Act”), a registration statement on Form S-3 (No. 333-186702), including a prospectus (the “Basic Prospectus”), relating to the Securities. The Company has also filed, or proposes to file, with the
Commission pursuant to Rule 424 under the Securities Act a prospectus supplement specifically relating to the Securities (the “Prospectus Supplement”). The registration statement, as amended at the time of this Agreement, including the
information, if any, deemed pursuant to Rule 430A, 430B or 430C under the Securities Act to be part of the registration statement at the time of its effectiveness, is referred to herein as the “Registration Statement”; and as used herein,
the term “Prospectus” means the Basic Prospectus included in the Registration Statement (and any amendments thereto) as supplemented by the prospectus supplement specifically relating to the Securities in the form first used (or made
available upon request of purchasers pursuant to Rule 173 under the Securities Act) in connection with confirmation of sales of the Securities and the term 

 
“Preliminary Prospectus” means the preliminary prospectus supplement specifically relating to the Securities together with the Basic Prospectus. Capitalized terms used but not defined
herein shall have the meanings given to such terms in the Registration Statement and the Prospectus. References herein to the Registration Statement, the Basic Prospectus, any Preliminary Prospectus or the Prospectus shall be deemed to refer to and
include the documents incorporated by reference therein. The terms “supplement,” “amendment” and “amend” as used herein with respect to the Registration Statement, any Preliminary Prospectus or the Prospectus shall be
deemed to refer to and include any documents filed by the Company under the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission thereunder (the “Exchange Act”) subsequent to the date of this
Agreement which are deemed to be incorporated by reference therein. For purposes of this Agreement, the term “Effective Time” means the effective date of the Registration Statement with respect to the offering of the Securities, as
determined for the Company pursuant to Section 11 of the Securities Act and Item 512 of Regulation S-K, as applicable. 
 At or prior to the time when the first sale of the Securities is made (the “Time of Sale”), the Company will prepare certain information (collectively, the “Time of Sale Information”),
which includes a Preliminary Prospectus, dated March 20, 2013, and each “free writing prospectus” (as defined pursuant to Rule 405 of the Securities Act) identified in Schedule 2 hereto. 

2. Purchase of the Securities by the Underwriters. (a) The Company agrees to issue and sell the Securities to the several
Underwriters as provided in this Agreement, and each Underwriter, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees, severally and not jointly, to purchase from the
Company the respective principal amount of the Securities set forth opposite such Underwriter’s name in Schedule 1 hereto at a price equal to 98.25% of the principal amount thereof plus accrued interest, if any, from March 26, 2013, to the
Closing Date (as such term is hereinafter defined). The Company will not be obligated to deliver any of the Securities except upon payment for all the Securities to be purchased as provided herein. 

(b) The Company understands that the Underwriters intend to make a public offering of the Securities as soon after the effectiveness of
this Agreement as in the judgment of the Representative is advisable, and initially to offer the Securities on the terms set forth in the Prospectus. The Company acknowledges and agrees that the Underwriters may offer and sell Securities to or
through any affiliate of an Underwriter and that any such affiliate may offer and sell Securities purchased by it to or through any Underwriter. 
 (c) Payment for and delivery of the Securities will be made at the offices of Simpson Thacher & Bartlett LLP at 10:00 a.m., New York City time, on March 26, 2013, or at such other time or
place on the same or such other date, not later than the fifth business day thereafter, as the Representative and the Company may agree upon in writing. The time and date of such payment and delivery is referred to herein as the “Closing
Date.” 

  
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 (d) Payment for the Securities shall be made by wire transfer in immediately available funds
to the account(s) specified by the Company to the Representative against delivery to the nominee of The Depository Trust Company, for the account of the Underwriters, of one or more global notes representing the Securities (the “Global
Notes”), with any transfer taxes payable in connection with the sale of the Securities duly paid by the Company. The Global Notes will be in form and substance reasonably satisfactory to the Representative. 

(e) The Company acknowledges and agrees that the Underwriters are acting solely in the capacity of an arm’s length contractual
counterparty to the Company with respect to any offering of the Securities contemplated hereby (including in connection with determining the terms of the offering) and not as a financial advisor or a fiduciary to, or an agent of, the Company or any
other person with respect to any such offering. Additionally, no such Underwriter is advising the Company or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. The Company shall consult with its
own advisors concerning such matters and shall be responsible for making its own independent investigation and appraisal of the transactions contemplated hereby, and such Underwriters shall have no responsibility or liability to the Company with
respect thereto. Any review by such Underwriters of the Company, the transactions contemplated thereby or other matters relating to such transactions will be performed solely for the benefit of the Underwriters and shall not be on behalf of the
Company. 
 3. Representations and Warranties of the Company. The Company represents and warrants to each Underwriter
that: 
 (a) Registration Statement and Prospectus. The Registration Statement has become effective under the Securities
Act. The Registration Statement is an “automatic shelf registration statement” as defined under Rule 405 of the Securities Act that has been filed with the Commission not earlier than three years prior to the date hereof; and no notice of
objection of the Commission to the use of such registration statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act has been received by the Company. The Company has not received any order suspending the
effectiveness of the Registration Statement by the Commission and has not received notice of any proceeding for that purpose or notice of any action instituted pursuant to Section 8A of the Securities Act against the Company or related to the
offering has been initiated or threatened by the Commission; as of the Effective Time, the Registration Statement complied, and as of the date of any amendment thereto will comply, in all material respects with the Trust Indenture Act of 1939, as
amended, and the rules and regulations of the Commission thereunder (collectively the “Trust Indenture Act”) and the Securities Act and did not and will not contain any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements therein not misleading; and as of the date of the Prospectus and any amendment or supplement thereto, the Prospectus did not, and as of the Closing Date, the Prospectus will
not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;
provided that the Company makes no representation and warranty with respect to (i) that part of the Registration Statement that constitutes the Statement of Eligibility and Qualification (Form T-1) of the Trustee under the Trust
Indenture Act or (ii) any statements or omissions made in reliance upon and in conformity with information relating to any Underwriter 

  
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furnished to the Company in writing by such Underwriter through the Representative expressly for use in the Registration Statement and the Prospectus and any amendment or supplement thereto.

 (b) Time of Sale Information. The Time of Sale Information, at the Time of Sale, did not, and at the Closing Date will
not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that the Company
makes no representation and warranty with respect to any statements or omissions made in reliance upon and in conformity with information relating to any Underwriter furnished to the Company in writing by such Underwriter through the Representative
expressly for use in such Time of Sale Information. No statement of material fact included in the Prospectus that is required to be included in the Time of Sale Information has been omitted from the Time of Sale Information and no statement of
material fact included in the Time of Sale Information that is required to be included in the Prospectus has been omitted therefrom. 
 (c) Issuer Free Writing Prospectus. The Company (including its agents and representatives, other than the Underwriters in their capacity as such) has not prepared, made, used, authorized, approved
or referred to and will not prepare, make, use, authorize, approve or refer to any “written communication” (as defined in Rule 405 under the Securities Act) that constitutes an offer to sell or solicitation of an offer to buy the
Securities (each such communication by the Company or its agents and representatives (other than a communication referred to in clauses (i), (ii) and (iii) of this Section 3(c)), an “Issuer Free Writing Prospectus”) other
than (i) any document not constituting a prospectus pursuant to Section 2(a)(10)(a) of the Securities Act or Rule 134 under the Securities Act, (ii) the Preliminary Prospectus, (iii) the Prospectus, (iv) the documents listed
on Schedule 2 hereto and (v) any electronic road show or any other written communications, in each case approved in writing in advance by the Representative. Each such Issuer Free Writing Prospectus complied in all material respects with the
Securities Act, has been or will be (within the time period specified in Rule 433) filed in accordance with the Securities Act (to the extent required thereby) and, when taken together with the Preliminary Prospectus accompanying, or delivered prior
to delivery of, or filed prior to the first use of such Issuer Free Writing Prospectus, did not, and at the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading; provided that the Company makes no representation and warranty with respect to any statements or omissions made in each such Issuer Free Writing
Prospectus in reliance upon and in conformity with information relating to any Underwriter furnished to the Company in writing by such Underwriter through the Representative expressly for use in any Issuer Free Writing Prospectus. 

(d) Incorporated Documents. The documents incorporated by reference in the Registration Statement, the Time of Sale Information
and the Prospectus, when filed with the Commission, conformed or will conform, as the case may be, in all material respects with the requirements of the Exchange Act and did not and will not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

  
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 (e) Company Organization and Good Standing. The Company has been duly incorporated
and is an existing corporation in good standing under the laws of the State of Delaware, with power and authority (corporate and other) to own its properties and conduct its business as described in the Time of Sale Information and the Prospectus;
and the Company is duly qualified to do business as a foreign corporation in good standing in all other jurisdictions in which its ownership or lease of property or the conduct of its business requires such qualification, except where the failure to
so qualify would not reasonably be expected to have a material adverse effect upon the financial condition, business, properties or results of operations of the Company and its subsidiaries, taken as a whole (a “Material Adverse Effect”).

 (f) Subsidiary Organization and Good Standing. Each subsidiary of the Company listed on Annex A (each, a
“Designated Subsidiary”) has been duly incorporated or otherwise organized and is an existing corporation, limited liability company or other business entity in good standing under the laws of the jurisdiction of its incorporation or
organization, with power and authority (corporate, limited liability company and other) to own its properties and conduct its business as described in the Time of Sale Information and the Prospectus; and each Designated Subsidiary of the Company is
duly qualified to do business as a foreign corporation or other business entity in good standing in all other jurisdictions in which its ownership or lease of property or the conduct of its business requires such qualification, except where the
failure to so qualify would not reasonably be expected to have a Material Adverse Effect; all of the issued and outstanding capital stock or other equity securities of each Designated Subsidiary of the Company have been duly authorized and are
validly issued, fully paid and nonassessable; and the shares of capital stock or other equity securities of each Designated Subsidiary owned by the Company, directly or through subsidiaries, are owned free from liens, encumbrances and defects,
except such liens, encumbrances and defects that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The entities listed on Annex A hereto include every subsidiary of the Company that is a
“significant subsidiary” (as such term is defined in Rule 1-02 of Regulation S-X) of the Company. 
 (g)
Capitalization. All outstanding shares of capital stock of the Company have been duly authorized and are validly issued, fully paid and non-assessable and are not subject to any pre-emptive or similar rights. The Company has an authorized
capitalization as of December 31, 2012 as set forth in the Registration Statement, the Time of Sale Information and the Prospectus under the heading “Capitalization.” 

(h) No Broker’s Fees. Except as disclosed in the Time of Sale Information and the Prospectus, there are no contracts,
agreements or understandings between the Company and any person that would give rise to a valid claim against the Company or any Underwriter for a brokerage commission, finder’s fee or other like payment in connection with this offering.

 (i) No Registration Rights. There are no contracts, agreements or understandings between the Company and any person
granting such person the right to require the Company to file a registration statement under the Securities Act with respect to any securities of the Company owned or to be owned by such person or to require the Company to include such securities in
the securities registered pursuant to the Registration Statement or with any securities being registered pursuant to any other registration statement filed by the Company under the Securities Act. 

  
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 (j) No Consents Required. No consent, approval, authorization, or order of, or filing
with, any governmental agency or body or any court is required for the consummation of the transactions contemplated by this Agreement, the Securities and the Indenture (collectively, the “Transaction Documents”) in connection with the
issuance and sale of the Securities or the consummation of the Transactions by the Company, except such (i) as have been obtained and made under the Securities Act and (ii) as may be required under state securities laws in connection with
the purchase and distribution of the Securities by the Underwriters, and except for such consents, approvals, authorizations, orders or filings the failure of which to obtain or make would not, individually or in the aggregate, have a material
adverse effect on the ability of the Company to issue the Notes or consummate the transactions contemplated by the Transaction Documents and would not reasonably be expected to have a Material Adverse Effect. 

(k) No Conflicts. The execution, delivery and performance by the Company of the Transaction Documents, the issuance and sale of
the Securities and compliance by the Company with the terms thereof and the consummation of the transactions contemplated by the Transaction Documents, will not result in a breach or violation of any of the terms and provisions of, or constitute a
default under, (i) any statute, any rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over the Company or any Designated Subsidiary of the Company or any of their properties,
(ii) any agreement or instrument to which the Company or any such Designated Subsidiary is a party or by which the Company or any such Designated Subsidiary is bound or to which any of the properties of the Company or any such Designated
Subsidiary is subject or (iii) the charter, by-laws or other organizational document of the Company or any such Designated Subsidiary. 
 (l) Due Authorization. The Company has full right, power and authority to execute and deliver the Transaction Documents and to perform its obligations hereunder and thereunder; and all action
required to be taken for the due and proper authorization, execution and delivery of each of the Transaction Documents and the consummation of the transactions contemplated thereby has been duly and validly taken. 

(m) The Indenture. The Indenture has been duly authorized by the Company and has been duly qualified under the Trust Indenture Act
and the Base Indenture constitutes, and the Supplemental Indenture, when duly executed and delivered in accordance with its terms by each of the parties thereto, will constitute, a valid and legally binding agreement of the Company enforceable
against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to
enforceability (collectively, the “Enforceability Exceptions”). 
 (n) The Securities. The Securities have been
duly authorized by the Company and, when duly executed, authenticated, issued and delivered in accordance with the Indenture and paid for as provided herein, will be duly and validly issued and outstanding and will constitute valid and legally
binding obligations of the Company, enforceable against the Company in accordance with their terms, subject to the Enforceability Exceptions, and will be entitled to the benefits of the Indenture. 

  
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 (o) Underwriting Agreement. This Agreement has been duly authorized, executed and
delivered by the Company. 
 (p) No Violation or Default. Neither the Company nor any of the Designated Subsidiaries is
(i) in violation of its respective charter or by-laws or other organizational documents, (ii) in default in the performance of any obligation, agreement, covenant or condition contained in any indenture, loan agreement, mortgage, lease or
other agreement or instrument that is material to the Company and its subsidiaries, taken as a whole, to which the Company or any Designated Subsidiaries is a party or by which the Company or any Designated Subsidiaries or their respective property
is bound, or (iii) in violation of any law or statute or any judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority, except for such defaults and violations in the case of these clauses
(ii) and (iii) that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (q) Title to Real and Personal Property. Except as disclosed in the Time of Sale Information and the Prospectus, the Company and the Designated Subsidiaries have good and marketable title to all
real properties and all other properties and assets owned by them, in each case free from liens, encumbrances and defects, except such liens, encumbrances and defects that would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect; and except as disclosed in the Time of Sale Information and the Prospectus, the Company and its subsidiaries hold any leased real or personal property under valid and enforceable leases with no exceptions that would
materially interfere with the business of the Company and its subsidiaries, taken as a whole. The Company and its subsidiaries own or lease all properties and assets necessary to conduct their business as described in the Time of Sale Information
and the Prospectus. 
 (r) Licenses and Permits. The Company and the Designated Subsidiaries possess adequate
certificates, authorities or permits issued by appropriate governmental agencies or bodies necessary to conduct their business as described in the Time of Sale Information and the Prospectus and have not received any notice of proceedings relating
to the revocation or modification of any such certificate, authority or permit that, if determined adversely to the Company or any Designated Subsidiary, would reasonably be expected to have a Material Adverse Effect. 

(s) Descriptions of the Transaction Documents. The Transaction Documents conform in all material respects to the descriptions
thereof contained in the Time of Sale Information and the Prospectus. 
 (t) No Labor Disputes. Except as disclosed in
the Time of Sale Information and the Prospectus, no labor dispute with the employees of the Company or any of its subsidiaries exists or, to the knowledge of the Company, is imminent that would reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect. 
 (u) Title to Intellectual Property. The Company and the Designated
Subsidiaries own, possess or can acquire on reasonable terms, adequate trademarks, trade names and other rights to inventions, know-how, patents, copyrights, confidential information and other intellectual property (collectively, “intellectual
property rights”) necessary to conduct its 

  
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business as described in the Time of Sale Information and the Prospectus, or presently employed by them, and have not received any notice of infringement of or conflict with asserted rights of
others with respect to any intellectual property rights that, if determined adversely to the Company or any of its Designated Subsidiaries, would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

 (v) Compliance With Environmental Laws. Except as disclosed in the Time of Sale Information and the Prospectus,
neither the Company nor any of its subsidiaries is in violation of any statute, any rule, regulation, decision or order of any governmental agency or body or any court, domestic or foreign, relating to the use, disposal or release of hazardous or
toxic substances or relating to the protection or restoration of the environment or human exposure to hazardous or toxic substances (collectively, “environmental laws”), owns or operates any real property contaminated with any substance
that is subject to any environmental laws, is liable for any off-site disposal or contamination pursuant to any environmental laws, or is subject to any claim relating to any environmental laws, which violation, contamination, liability or claim
could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; and the Company is not aware of any pending investigation which would reasonably be expected to lead to such a claim. 

(w) Legal Proceedings. Except as described in the Time of Sale Information and the Prospectus, there are no pending actions, suits
or proceedings against or affecting the Company, any of its subsidiaries or any of their respective properties that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect, or would materially and adversely
affect the ability of the Company to perform its obligations under this Agreement, or which are otherwise material in the context of the sale of the Securities; and, to the Company’s knowledge, no such actions, suits or proceedings are
threatened. 
 (x) Financial Statements of the Company. The financial statements of the Company and the related notes
thereto included or incorporated by reference in the Registration Statement, the Time of Sale Information and the Prospectus present fairly the financial position of the Company and its consolidated subsidiaries as of the dates shown and their
results of operations and cash flows for the periods shown, and, except as otherwise disclosed in the Time of Sale Information and the Prospectus, such financial statements have been prepared in conformity with the generally accepted accounting
principles in the United States applied on a consistent basis throughout the periods covered thereby, and the supporting schedules included in the Registration Statement present fairly the information required to be stated therein; and the other
financial information of the Company and its subsidiaries included in the Registration Statement, the Time of Sale Information and the Prospectus has been derived from the accounting records of the Company and its subsidiaries and presents fairly
the information shown thereby. The interactive data in eXtensible Business Reporting Language included or incorporated by reference in the Registration Statement, the Prospectus and the Time of Sale Information is prepared in accordance with the
Commission’s rules and guidelines applicable thereto. 
 (y) Taxes. The Company and its Designated Subsidiaries have
timely filed all material federal, state, local and foreign income tax returns that have been required to be filed and have paid all taxes indicated by said returns and all assessments received by any of them to the extent that such material taxes
have become due and are not being contested in good faith in appropriate proceedings. All material tax liabilities have been adequately provided for in the financial statements of the Company. 

  
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 (z) No Material Adverse Change. Since the date of the most recent financial
statements of the Company included in the Registration Statement, the Time of Sale Information and the Prospectus, (i) there has not been any material change in the capital stock or long term debt of the Company or any of its subsidiaries
(other than changes in amounts owing by U. S. Steel Košice s.r.o. due to changes in foreign exchange rates), or any dividend or distribution of any kind declared, set aside for payment, paid or made by the Company on any class of capital stock
(other than any regular quarterly dividend), or any material adverse change, or any development involving a prospective material adverse change, in or affecting the business, properties, management, financial position, results of operations or
prospects of the Company and its subsidiaries taken as a whole; (ii) neither the Company nor any of its subsidiaries has entered into any transaction or agreement that is material to the Company and its subsidiaries taken as a whole or incurred
any liability or obligation, direct or contingent, that is material to the Company and its subsidiaries taken as a whole; and (iii) neither the Company nor any of its subsidiaries has sustained any material loss or interference with its
business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor disturbance or dispute or any action, order or decree of any court or arbitrator or governmental or regulatory authority, except in each
case of (i), (ii) and (iii) of this Section 3(z) as otherwise disclosed in the Registration Statement, the Time of Sale Information and the Prospectus. 
 (aa) Reporting Requirements. The Company is subject to the reporting requirements of either Section 13 or Section 15(d) of the Exchange Act and files reports with the Commission on the
Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. 
 (bb) Independent Accountants.
PricewaterhouseCoopers LLP, which has audited certain financial statements of the Company and its subsidiaries, is an independent registered public accounting firm with respect to the Company and its subsidiaries within the applicable rules and
regulations adopted by the Commission and the Public Company Accounting Oversight Board (United States) and as required by the Securities Act. 
 (cc) No Undisclosed Relationships. No relationship, direct or indirect, exists between or among the Company or any of its subsidiaries, on the one hand, and the directors, officers, stockholders,
customers or suppliers of the Company or any of its subsidiaries, on the other, that is required by the Securities Act to be described in the Registration Statement, the Time of Sale Information and the Prospectus and that is not so described.

 (dd) Compliance With ERISA. Each employee benefit plan, within the meaning of Section 3(3) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), that is maintained, administered or contributed to by the Company or any of its affiliates for employees or former employees of the Company and its affiliates has been
maintained in compliance in all material respects with its terms and the requirements of any applicable statutes, orders, rules and regulations, including but not limited to ERISA and the Internal Revenue Code of 1986, as amended (the
“Code”); no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code, has occurred with respect to any such plan excluding transactions effected pursuant to a statutory or administrative
exemption; no failure to meet the 

  
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minimum funding standards under Section 412 of the Code or Section 302 of ERISA has occurred with respect to any plan which is subject to Section 412 of the Code or
Section 302 of ERISA and no application has been made for a waiver or modification of the minimum funding standard (including any required installment payments) under Section 412 of the Code or Section 302 of ERISA with respect to a
plan, and, except as otherwise disclosed in the Time of Sale Information and the Prospectus, the fair market value of the assets of each such plan (excluding for these purposes accrued but unpaid contributions) exceeds the present value of all
benefits accrued under such plan based on actuarial assumptions and methods that are compliant with the requirements of Code Section 430(h) and regulations thereunder; and neither the Company nor any of its affiliates has incurred, or
reasonably expects to incur, any liability under Title IV of ERISA in respect of any Plan “or multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA, other than liability for the payment of required PBGC insurance
premiums under Section 4007 of ERISA. 
 (ee) Disclosure Controls. The Company and its subsidiaries maintain an
effective system of “disclosure controls and procedures” (as defined in Rule 13a-15(e) of the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the
Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms, including controls and procedures designed to ensure that such information is accumulated and communicated to
the Company’s management as appropriate to allow timely decisions regarding required disclosure. The Company’s disclosure controls and procedures provide reasonable assurance that the interactive data in eXtensible Business Reporting
Language included or incorporated by reference in the Registration Statement, the Prospectus and the Time of Sale Information is prepared in accordance with the Commission’s rules and guidelines applicable thereto. As of the date of the Time of
Sale Information and the Prospectus, the Company and its subsidiaries have carried out evaluations of the effectiveness of their disclosure controls and procedures as required by Rule 13a-15 of the Exchange Act. 

(ff) Accounting Controls. The Company and its subsidiaries maintain systems of “internal control over financial
reporting” (as defined in Rule 13a-15(f) of the Exchange Act) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of their respective principal executive and principal financial officers, or
persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles,
including, but not limited to internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are
recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s
general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Except as disclosed in the
Registration Statement, the Time of Sale Information and the Prospectus, there are no “material weaknesses” (as defined under Rule 12b-2 of the Exchange Act) in the Company’s internal controls over financial reporting. 

  
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 (gg) Sarbanes-Oxley Act. There is and has been no failure on the part of the Company
or to the Company’s knowledge, any of the Company’s directors or officers, in their capacities as such, to comply in all material respects with any provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in
connection therewith, including Section 402 related to loans and Sections 302 and 906 related to certifications. 
 (hh)
No Unlawful Payments. Neither the Company nor any of its subsidiaries nor, to the best knowledge of the Company, any director, officer, agent, employee, affiliate or other person associated with or acting on behalf of the Company or any of
its subsidiaries has (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic
government official or employee from corporate funds; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977; (iv) violated or is in violation of any provision of the Bribery Act 2010 of the United
Kingdom; or (v) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment. 
 (ii)
Compliance with Money Laundering Laws. The operations of the Company and its subsidiaries are and have been conducted at all times in compliance in all material respects with applicable financial recordkeeping and reporting requirements of
the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or
enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its
subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of the Company, threatened. 
 (jj)
Compliance with OFAC. None of the Company, any of its subsidiaries or, to the knowledge of the Company, any director, officer, agent, employee or affiliate of the Company or any of its subsidiaries is currently subject to any U.S. sanctions
administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”); and the Company will not, directly or indirectly, knowingly use the proceeds of the offering of the Securities hereunder, or lend,
contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

 (kk) No Stabilization. The Company has not taken, directly or indirectly, any action designed to or that could
reasonably be expected to cause or result in any stabilization or manipulation of the price of the Securities. 
 (ll)
Investment Company Act. The Company is not and, after giving effect to the offering and sale of the Securities and the application of the proceeds thereof as described in the Time of Sale Information and the Prospectus, will not be an
“investment company” as defined in the Investment Company Act of 1940. 

  
 11 

 (mm) Status under the Securities Act. The Company is not an ineligible issuer and is
a well-known seasoned issuer, in each case as defined under the Securities Act, in each case at the times specified in the Securities Act in connection with the offering of the Securities. 

(nn) Statistical and Market Data. Nothing has come to the attention of the Company that has caused the Company to believe that the
statistical and market-related data included in the Registration Statement, the Time of Sale Information and the Prospectus is not based on or derived from sources that are reliable and accurate in all material respects. 

(oo) Forward-Looking Statements. No forward-looking statement (within the meaning of Section 27A of the Securities Act and
Section 21E of the Exchange Act) included or incorporated by reference in the Registration Statement, the Time of Sale Information or the Prospectus has been made or reaffirmed without a reasonable basis or has been disclosed other than in good
faith. 
 4. Further Agreements of the Company. The Company covenants and agrees with each Underwriter that: 

(a) Filings with the Commission. The Company will (i) pay the registration fees for this offering within the time period
required by Rule 456(b)1(i) under the Securities Act (without giving effect to the proviso therein) and in any event prior to the Closing Date and (ii) file the Prospectus in a form approved by the Representative on behalf of the Underwriters
with the Commission pursuant to Rule 424 under the Securities Act not later than the close of business on the second business day following the date of determination of the public offering price of the Securities or, if applicable, such earlier time
as may be required by Rule 424(b) and Rule 430A, 430B or 430C under the Securities Act. The Company will file any Issuer Free Writing Prospectus (including the Pricing Term Sheet substantially in the form of Schedule 3 hereto) to the extent required
by Rule 433 under the Securities Act, and the Company will furnish copies of the Prospectus and each Issuer Free Writing Prospectus (to the extent not previously delivered) to the Underwriters in New York City prior to 10:00 A.M., New York City
time, on the business day next succeeding the date of this Agreement in such quantities as the Representative may reasonably request. 
 (b) Delivery of Copies. The Company will deliver, without charge, to each Underwriter (A) a conformed copy of the Registration Statement as originally filed and each amendment thereto, in each
case including all exhibits and consents filed therewith and (B) during the Prospectus Delivery Period (as hereinafter defined), as many copies of the Prospectus (including all amendments and supplements thereto and documents incorporated by
reference therein) and each Issuer Free Writing Prospectus (if applicable) as the Representative may reasonably request. As used herein, the term “Prospectus Delivery Period” means such period of time after the first date of the public
offering of the Securities as in the opinion of counsel for the Underwriters a prospectus relating to the Securities is required by law to be delivered (or would be required to be delivered but for Rule 172 under the Securities Act) in connection
with sales of the Securities by any Underwriter or dealer. 
 (c) Amendments or Supplements; Issuer Free Writing
Prospectuses. In connection with the transactions contemplated by this Agreement, before using, authorizing, approving, 

  
 12 

 
referring to or filing any Issuer Free Writing Prospectus, and before filing any amendment or supplement to the Registration Statement or the Prospectus, the Company will furnish to the
Representative and counsel for the Underwriters a copy of the proposed Issuer Free Writing Prospectus, amendment or supplement for review and will not use, authorize, approve, refer to or file any such Issuer Free Writing Prospectus or file any such
proposed amendment or supplement to which the Representative reasonably objects. 
 (d) Notice to the Representative. The
Company will advise the Representative promptly, and confirm such advice in writing, (i) when any amendment to the Registration Statement has been filed or becomes effective; (ii) when any supplement to the Prospectus, any amendment to the
Prospectus or any Issuer Free Writing Prospectus has been filed; (iii) (a) of any request by the Commission for any amendment to the Registration Statement, (b) of any amendment or supplement to the Prospectus, (c) of the receipt
of any comments from, or requests for additional information by, the Commission relating to the Registration Statement or (d) within the Prospectus Delivery Period, of any other request by the Commission for any additional information;
(iv) upon receipt of notice of the issuance by the Commission of any order suspending the effectiveness of the Registration Statement or preventing or suspending the use of any Preliminary Prospectus or the Prospectus or the initiation or
threatening of any proceeding for that purpose or pursuant to Section 8A of the Securities Act; (v) of the occurrence of any event within the Prospectus Delivery Period as a result of which the Prospectus, the Time of Sale Information or
any Issuer Free Writing Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing
when the Prospectus, the Time of Sale Information or any Issuer Free Writing Prospectus is delivered to a purchaser, not misleading; (vi) of the receipt by the Company of any notice of objection of the Commission to the use of the Registration
Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act; and (vii) of the receipt by the Company of any notice with respect to any suspension of the qualification of the Securities for offer and
sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and the Company will use all reasonable efforts to prevent the issuance of any such order suspending the effectiveness of the Registration Statement,
preventing or suspending the use of any Preliminary Prospectus or the Prospectus or suspending any such qualification of the Securities and, if any such order is issued, will obtain as soon as possible the withdrawal thereof. 

(e) Time of Sale Information. If at any time prior to the Closing Date (i) any event shall occur or condition shall exist as
a result of which the Time of Sale Information as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the
circumstances, not misleading or (ii) it is necessary to amend or supplement the Time of Sale Information to comply with applicable law, the Company will immediately notify the Underwriters thereof and forthwith prepare and, subject to
paragraph (c) of this Section 4, file with the Commission (to the extent required) and furnish to the Underwriters and to such dealers as the Representative may designate, such amendments or supplements to the Time of Sale Information as
may be necessary so that the statements in the Time of Sale Information as so amended or supplemented will not, in the light of the circumstances, be misleading or so that the Time of Sale Information will comply with applicable law. 

  
 13 

 (f) Ongoing Compliance. If during the Prospectus Delivery Period (i) any event
shall occur or condition shall exist as a result of which the Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in
the light of the circumstances existing when the Prospectus is delivered to a purchaser, not misleading or (ii) it is necessary to amend or supplement the Prospectus to comply with applicable law, the Company will immediately notify the
Underwriters thereof and forthwith prepare and, subject to paragraph (c) of this Section 4, file with the Commission and furnish to the Underwriters and to such dealers as the Representative may designate, such amendments or supplements to
the Prospectus as may be necessary so that the statements in the Prospectus as so amended or supplemented will not, in the light of the circumstances existing when the Prospectus is delivered to a purchaser, be misleading or so that the Prospectus
will comply with applicable law. 
 (g) Blue Sky Compliance. The Company will qualify the Securities for offer and sale
under the securities or Blue Sky laws of such U.S. jurisdictions as the Representative shall reasonably request and will continue such qualifications in effect so long as required for distribution of the Securities; provided that the Company
shall not be required to (i) qualify as a foreign corporation or other entity or as a dealer in securities in any such jurisdiction where it would not otherwise be required to so qualify, (ii) file any general consent to service of process
in any such jurisdiction or (iii) subject itself to taxation in any such jurisdiction if it is not otherwise so subject. 

(h) Earning Statement. The Company will make generally available to its security holders and the Representative as soon as
practicable an earning statement that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 of the Commission promulgated thereunder covering a period of at least twelve months beginning with the first fiscal quarter of
the Company occurring after the “effective date” (as defined in Rule 158) of the Registration Statement. 
 (i)
Clear Market. During the period from the date hereof through and including the date that is 30 days after the date hereof, the Company will not, without the prior written consent of J. P. Morgan Securities LLC, offer, sell, contract to sell
or otherwise dispose of any debt securities issued or guaranteed by the Company and having a term of more than one year other than the Senior Convertible Notes due 2019 to be sold by the Company concurrently herewith pursuant to an Underwriting
Agreement, dated the date hereof, between the Company and J.P. Morgan Securities LLC, as representative of the several underwriters named therein. 
 (j) Use of Proceeds. The Company will apply the net proceeds from the sale of the Securities as described in the Time of Sale Information and the Prospectus under the heading “Use of
proceeds.” 
 (k) No Stabilization. The Company will not take, directly or indirectly, any action designed to or
that could reasonably be expected to cause or result in any stabilization or manipulation of the price of the Securities. 
 (l)
Record Retention. The Company will, pursuant to reasonable procedures developed in good faith, retain copies of each Issuer Free Writing Prospectus that is not filed with the Commission for three years after the Closing Date in accordance
with Rule 433 under the Securities Act. 

  
 14 

 (m) Notice of Inability to Use Automatic Shelf Registration Statement Form. If at any
time during the Prospectus Delivery Period, the Company receives from the Commission a notice pursuant to Rule 401(g)(2) or otherwise ceases to be eligible to use the automatic shelf registration statement form, the Company will
(i) promptly notify the Representative, (ii) promptly file a new registration statement or post-effective amendment on the proper form relating to the Securities, in a form satisfactory to the Representative, (iii) use its best
efforts to cause such registration statement or post-effective amendment to be declared effective and (iv) promptly notify the Representative of such effectiveness. The Company will take all other action necessary or appropriate to permit the
public offering and sale of the Securities to continue as contemplated in the registration statement that was the subject of the Rule 401(g)(2) notice or for which the Company has otherwise become ineligible. References herein to the
Registration Statement shall include such new registration statement or post-effective amendment, as the case may be. 
 5.
Certain Agreements of the Underwriters. Each Underwriter hereby represents and agrees that: 
 (a) It has not and will
not use, authorize use of, refer to, or participate in the planning for use of, any “free writing prospectus,” as defined in Rule 405 under the Securities Act (which term includes use of any written information furnished to the Commission
by the Company and not incorporated by reference into the Registration Statement and any press release issued by the Company) other than (i) a free writing prospectus that, solely as a result of use by such Underwriter, would not trigger an
obligation to file such free writing prospectus with the Commission pursuant to Rule 433, (ii) any Issuer Free Writing Prospectus listed on Schedule 2 hereto or prepared pursuant to Section 3(c) or Section 4(c) (including any
electronic road show), or (iii) any free writing prospectus prepared by such underwriter and approved by the Company in advance in writing. 
 (b) Notwithstanding the foregoing the Underwriters may use a term sheet substantially in the form of Schedule 3 hereto without the consent of the Company. 

(c) The Representative, on behalf of the several Underwriters, will, pursuant to reasonable procedures developed in good faith, retain
copies of each Issuer Free Writing Prospectus that is not filed with the Commission for three years after the Closing Date in accordance with Rule 433 under the Securities Act. 

(d) It is not subject to any pending proceeding under Section 8A of the Securities Act with respect to the offering of the
Securities (and will promptly notify the Company if any such proceeding against it is initiated during the Prospectus Delivery Period). 
 6. Conditions of Underwriters’ Obligations. The obligation of each Underwriter to purchase Securities on the Closing Date as provided herein is subject to the performance by the Company of its
covenants and other obligations hereunder and to the following additional conditions: 

  
 15 

 (a) Registration Compliance; No Stop Order. If a post-effective amendment to the
Registration Statement is required to be filed under the Securities Act, such post-effective amendment shall have become effective, and the Representative shall have received notice thereof, not later than 5:00 p.m., New York City time, on the date
hereof; no order suspending the effectiveness of the Registration Statement shall be in effect, and no proceeding for such purpose, pursuant to Rule 401(g)(2) or pursuant to Section 8A under the Securities Act shall be pending before or
threatened by the Commission; the Prospectus and each Issuer Free Writing Prospectus shall have been timely filed with the Commission under the Securities Act (in the case of an Issuer Free Writing Prospectus, to the extent required by Rule 433
under the Securities Act) and in accordance with Section 4(a) hereof; and all requests by the Commission for additional information shall have been complied with to the reasonable satisfaction of the Representative. 

(b) Representations and Warranties. The representations and warranties of the Company contained herein shall be true and correct
on the date hereof and on and as of the Closing Date; and the statements of the Company and its officers made in any certificates delivered pursuant to this Agreement shall be true and correct on and as of the Closing Date. 

(c) No Downgrade. Subsequent to the earlier of (A) the Time of Sale and (B) the execution and delivery of this
Agreement, (i) no downgrading shall have occurred in the rating accorded any securities issued or guaranteed by the Company or any of its subsidiaries by any “nationally recognized statistical rating organization,” as such term is
defined under Section 3(a)(62) under the Exchange Act and (ii) no such organization shall have publicly announced that it has under surveillance or review, or has changed its outlook with respect to, its rating of any securities issued or
guaranteed by the Company or any of its subsidiaries (other than an announcement with positive implications of a possible upgrading). 
 (d) No Material Adverse Change. Subsequent to the execution and delivery of this Agreement, no event or condition of a type described in Section 3(z) hereof shall have occurred or shall exist,
which event or condition is not described in the Time of Sale Information (excluding any amendment or supplement thereto) and the Prospectus (excluding any amendment or supplement thereto) and the effect of which in the judgment of the
Representative makes it impracticable or inadvisable to proceed with the offering, sale or delivery of the Securities on the terms and in the manner contemplated by this Agreement, the Time of Sale Information and the Prospectus. 

(e) Officer’s Certificate. The Representative shall have received on and as of the Closing Date a certificate of an executive
officer of the Company who has specific knowledge of the Company’s financial matters and is reasonably satisfactory to the Representative (i) confirming that such officer has carefully reviewed the Registration Statement, the Time of Sale
Information and the Prospectus and, to the best knowledge of such officer, the representations set forth in Sections 3(a) and 3(b) hereof are true and correct; (ii) confirming that the other representations and warranties of the Company in this
Agreement are true and correct and that the Company has complied with all agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the Closing Date; and (iii) to the effect set forth in
paragraphs (a), (c) and (d) of this Section 6. 

  
 16 

 (f) Comfort Letters for the Company. On the date of this Agreement and on the Closing
Date, PricewaterhouseCoopers LLP shall have furnished to the Representative, at the request of the Company, letters, dated the respective dates of delivery thereof and addressed to the Underwriters, in form and substance reasonably satisfactory to
the Representative, containing statements and information of the type customarily included in accountants’ “comfort letters” to underwriters with respect to the Company’s financial statements and certain financial information
contained or incorporated by reference in the Registration Statement, the Time of Sale Information and the Prospectus; provided that the letter delivered on the Closing Date shall use a “cut-off” date no more than three business
days prior to the Closing Date. 
 (g) Opinion of Counsel for the Company. Counsel for the Company shall have furnished
to the Representative, at the request of the Company, its written opinions, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representative, to the effect set forth in Annex B hereto.

 (h) Opinion and Negative Assurance Statement of Outside Counsel for the Company. Morgan, Lewis & Bockius LLP,
counsel for the Company, shall have furnished to the Representative, at the request of the Company, an opinion and negative assurance statement, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory
to the Representative, to the effect set forth in Annex C hereto. 
 (i) Opinion and Negative Assurance Statement of Counsel
for the Underwriters. The Representative shall have received on and as of the Closing Date an opinion and negative assurance statement of Simpson Thacher & Bartlett LLP, counsel for the Underwriters, with respect to such matters as the
Representative may reasonably request, and such counsel shall have received such documents and information as they may reasonably request to enable them to pass upon such matters. 

(j) No Legal Impediment to Issuance. No action shall have been taken and no statute, rule, regulation or order shall have been
enacted, adopted or issued by any federal or state governmental or regulatory authority that would, as of the Closing Date, prevent the issuance or sale of the Securities; and no injunction or order of any federal or state court shall have been
issued that would, as of the Closing Date, prevent the issuance or sale of the Securities. 
 (k) Good Standing. The
Representative shall have received on and as of the Closing Date satisfactory evidence of the good standing of the Company and its Designated Subsidiaries, other than the Designated Subsidiaries organized and existing outside the United States, in
their respective jurisdictions of organization and their good standing in such other jurisdictions as the Representative may reasonably request, in each case in writing or any standard form of telecommunication from the appropriate governmental
authorities of such jurisdictions. 
 (l) Additional Documents. On or prior to the Closing Date, the Company shall have
furnished to the Representative such further certificates and documents as the Representative may reasonably request. 
 (m)
Supplemental Indenture Relating to Securities. The Representative shall have received an executed copy of the Supplemental Indenture. 

  
 17 

 
All opinions, letters, certificates and evidence mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and
substance reasonably satisfactory to counsel for the Underwriters. 
 7. Indemnification and Contribution. 

(a) Indemnification of the Underwriters. The Company agrees to indemnify and hold harmless each Underwriter, its affiliates,
directors and officers and each person, if any, who controls such Underwriter within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any and all losses, claims, damages and liabilities
(including, without limitation, legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are incurred), joint or several, that arise out of, or are based upon,
(i) any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, or caused by any omission or alleged omission to state therein a material fact required to be stated therein or necessary in order
to make the statements therein, not misleading, or (ii) any untrue statement or alleged untrue statement of a material fact contained in the Prospectus (or any amendment or supplement thereto), any Issuer Free Writing Prospectus or any Time of
Sale Information, or caused by any omission or alleged omission to state therein a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, in each case except insofar
as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Underwriter
furnished to the Company in writing by such Underwriter through the Representative expressly for use therein. 
 (b)
Indemnification of the Company. Each Underwriter agrees, severally and not jointly, to indemnify and hold harmless the Company, its directors, its officers who signed the Registration Statement and each person, if any, who controls the
Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) of this Section 7, but only with respect to any losses, claims,
damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to such Underwriter furnished to the Company
in writing by such Underwriter through the Representative expressly for use in the Registration Statement, the Prospectus (or any amendment or supplement thereto), any Issuer Free Writing Prospectus or any Time of Sale Information, it being
understood and agreed that the only such information consists of the following: the statements concerning the Underwriters contained in (i) the first paragraph under the subsection “Commissions and discounts” under the heading
“Underwriting” in the Prospectus, (ii) the third sentence under the subsection “New issue of notes” under the heading “Underwriting” in the Prospectus and (iii) the first and second paragraphs under the
subsection “Price stabilization and short positions” under the heading “Underwriting” in the Prospectus. 

(c) Notice and Procedures. If any suit, action, proceeding (including any governmental or regulatory investigation), claim or
demand shall be brought or asserted against any person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) of this Section 7, such person (the “Indemnified Person”) shall promptly notify
the person against whom such indemnification may be sought (the “Indemnifying Person”) in writing; 

  
 18 

 
provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under paragraph (a) or (b) above except to the extent that it
has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may
have to an Indemnified Person otherwise than under paragraph (a) or (b) above. If any such proceeding shall be brought or asserted against an Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying
Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification pursuant to this Section 7 that the Indemnifying Person may designate in such
proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be
at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain counsel
reasonably satisfactory to the Indemnified Person; (iii) counsel to the Indemnified Person shall have reasonably concluded that there are or are likely to be legal defenses available to it that are different from or in addition to those
available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel
would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the Indemnifying Person shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for
the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses shall be reimbursed as they are incurred. Any such separate firm for any Underwriter, its
affiliates, directors and officers and any control persons of such Underwriter shall be designated in writing by J.P. Morgan Securities LLC and any such separate firm for the Company, its directors, its officers who signed the Registration Statement
and any control persons of the Company shall be designated in writing by the Company. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there
be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an
Indemnified Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees and expenses of counsel as contemplated by this paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding
effected without its written consent if (i) such settlement is entered into more than 30 days after receipt by the Indemnifying Person of such request and (ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in
accordance with such request prior to the date of such settlement. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified
Person is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (x) includes an unconditional release of such Indemnified Person, in form and substance reasonably
satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (y) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any
Indemnified Person. 

  
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 (d) Contribution. If the indemnification provided for in paragraph (a) or
(b) of this Section 7 is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such
Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits
received by the Company on the one hand and the Underwriters on the other from the offering of the Securities or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to
reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Company on the one hand and the Underwriters on the other in connection with the statements or omissions that resulted in such losses, claims,
damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company on the one hand and the Underwriters on the other shall be deemed to be in the same respective proportions as the net
proceeds (before deducting expenses) received by the Company from the sale of the Securities and the total underwriting discounts and commissions received by the Underwriters in connection therewith, in each case as set forth in the table on the
cover of the Prospectus, bear to the aggregate offering price of the Securities. The relative fault of the Company on the one hand and the Underwriters on the other shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or by the Underwriters and the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent such statement or omission. 
 (e) Limitation on Liability. The Company and the
Underwriters agree that it would not be just and equitable if contribution pursuant to this Section 7 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other
method of allocation that does not take account of the equitable considerations referred to in paragraph (d) of this Section 7. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities
referred to in paragraph (d) of this Section 7 shall be deemed to include, subject to the foregoing limitations, any legal or other expenses incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding
the provisions of this Section 7, in no event shall an Underwriter be required to contribute any amount in excess of the amount by which the total underwriting discounts and commissions received by such Underwriter with respect to the offering
of the Securities exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Underwriters’ obligations to contribute pursuant to this
Section 7 are several in proportion to their respective purchase obligations hereunder and not joint. 
 (f)
Non-Exclusive Remedies. The remedies provided for in this Section 7 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 

8. Termination. This Agreement may be terminated in the absolute discretion of the Representative, by notice to the Company, if
after the execution and delivery of this Agreement 

  
 20 

 
and prior to the Closing Date (i) trading generally shall have been suspended or materially limited on or by any of the New York Stock Exchange, the NASDAQ Stock Market or the
over-the-counter market; (ii) trading of any securities issued or guaranteed by the Company shall have been suspended on any exchange or in any over-the-counter market; (iii) a general moratorium on commercial banking activities shall have
been declared by federal or New York State authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States shall have occurred; or (iv) there shall have occurred any outbreak or
escalation of hostilities or any change in financial markets or any calamity or crisis, either within or outside the United States, that, in the judgment of the Representative, is material and adverse and makes it impracticable or inadvisable to
proceed with the offering, sale or delivery of the Securities on the terms and in the manner contemplated by this Agreement, the Time of Sale Information and the Prospectus. 
 9. Defaulting Underwriter. (a) If, on the Closing Date, any Underwriter defaults on its obligation to purchase the Securities that it has agreed to purchase hereunder, the non-defaulting
Underwriters may in their discretion arrange for the purchase of such Securities by other persons satisfactory to the Company on the terms contained in this Agreement. If, within 36 hours after any such default by any Underwriter, the non-defaulting
Underwriters do not arrange for the purchase of such Securities, then the Company shall be entitled to a further period of 36 hours within which to procure other persons satisfactory to the non-defaulting Underwriters to purchase such Securities on
such terms. If other persons become obligated or agree to purchase the Securities of a defaulting Underwriter, either the non-defaulting Underwriters or the Company may postpone the Closing Date for up to five full business days in order to effect
any changes that in the opinion of counsel for the Company or counsel for the Underwriters may be necessary in the Registration Statement and the Prospectus or in any other document or arrangement, and the Company agrees to promptly prepare any
amendment or supplement to the Registration Statement and the Prospectus that effects any such changes. As used in this Agreement, the term “Underwriter” includes, for all purposes of this Agreement unless the context otherwise requires,
any person not listed in Schedule 1 hereto that, pursuant to this Section 9, purchases Securities that a defaulting Underwriter agreed but failed to purchase. 
 (b) If, after giving effect to any arrangements for the purchase of the Securities of a defaulting Underwriter or Underwriters by the non-defaulting Underwriters and the Company as provided in paragraph
(a) of this Section 9, the aggregate principal amount of such Securities that remains unpurchased does not exceed one-eleventh of the aggregate principal amount of all the Securities, then the Company shall have the right to require each
non-defaulting Underwriter to purchase the principal amount of Securities that such Underwriter agreed to purchase hereunder plus such Underwriter’s pro rata share (based on the principal amount of Securities that such Underwriter
agreed to purchase hereunder) of the Securities of such defaulting Underwriter or Underwriters for which such arrangements have not been made. 
 (c) If, after giving effect to any arrangements for the purchase of the Securities of a defaulting Underwriter or Underwriters by the non-defaulting Underwriters and the Company as provided in paragraph
(a) of this Section 9, the aggregate principal amount of such Securities that remains unpurchased exceeds one-eleventh of the aggregate principal amount of all the Securities, or if the Company shall not exercise the right described in
paragraph (b) of this Section 9, then this Agreement shall terminate without liability on the part of the non-defaulting 

  
 21 

 
Underwriters. Any termination of this Agreement pursuant to this Section 9 shall be without liability on the part of the Company, except that the Company will continue to be liable for the
payment of expenses as set forth in Section 10 hereof and except that the provisions of Section 7 hereof shall not terminate and shall remain in effect. 
 (d) Nothing contained herein shall relieve a defaulting Underwriter of any liability it may have to the Company or any non-defaulting Underwriter for damages caused by its default. 

10. Payment of Expenses. (a) Whether or not the transactions contemplated by this Agreement are consummated or this
Agreement is terminated, the Company will pay or cause to be paid all costs and expenses incident to the performance of its obligations hereunder, including without limitation, (i) the costs incident to the authorization, issuance, sale,
preparation and delivery of the Securities and any taxes payable in that connection; (ii) the costs incident to the preparation, printing and filing under the Securities Act of the Registration Statement, the Preliminary Prospectus, any Issuer
Free Writing Prospectus, any Time of Sale Information and the Prospectus (including all exhibits, amendments and supplements thereto in connection therewith) and the distribution thereof; (iii) the costs of reproducing and distributing each of
the Transaction Documents; (iv) the fees and expenses of the Company’s counsel and independent accountants; (v) the fees and expenses incurred in connection with the registration or qualification and determination of eligibility for
investment of the Securities under the laws of such U.S. jurisdictions as the Representative may designate and the preparation, printing and distribution of a Blue Sky Memorandum (including the related fees and expenses of counsel for the
Underwriters); (vi) any fees charged by rating agencies for rating the Securities; (vii) the fees and expenses of the Trustee and any paying agent (including related fees and expenses of any counsel to such parties); (viii) all
expenses and application fees incurred in connection with any filing with, and clearance of the offering by, the Financial Industry Regulatory Authority; and (ix) all expenses incurred by the Company in connection with any “road show”
presentation to potential investors. 
 (b) If (i) this Agreement is terminated pursuant to Section 8, (ii) the
Company for any reason fails to tender the Securities for delivery to the Underwriters or (iii) the Underwriters decline to purchase the Securities for any reason permitted under this Agreement, other than due to a termination pursuant to
Section 9, the Company agrees to reimburse the Underwriters for all out-of-pocket costs and expenses (including the fees and expenses of their counsel) reasonably incurred by the Underwriters in connection with this Agreement and the offering
contemplated hereby. 
 11. Persons Entitled to Benefit of Agreement. This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective successors and the officers and directors and any controlling persons referred to herein, and the affiliates of each Underwriter referred to in Section 7 hereof. Nothing in this Agreement is
intended or shall be construed to give any other person any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein. No purchaser of Securities from any Underwriter shall be deemed to be a
successor merely by reason of such purchase. 
 12. Survival. The respective indemnities, rights of contribution,
representations, warranties and agreements of the Company and the Underwriters contained in this Agreement or 

  
 22 

 
made by or on behalf of the Company or the Underwriters pursuant to this Agreement or any certificate delivered pursuant hereto shall survive the delivery of and payment for the Securities and
shall remain in full force and effect, regardless of any termination of this Agreement or any investigation made by or on behalf of the Company or the Underwriters. 
 13. Certain Defined Terms. For purposes of this Agreement, (a) except where otherwise expressly provided, the term “affiliate” has the meaning set forth in Rule 405 under the
Securities Act; (b) the term “business day” means any day other than Saturday, a Sunday or a legal public holiday as defined in 5 U.S.C. §6103; (c) the term “subsidiary” has the meaning set forth in Rule 405 under
the Securities Act; and (d) the term “significant subsidiary” has the meaning set forth in Rule 1-02 of Regulation S-X under the Exchange Act. 
 14. Patriot Act. In accordance with the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), the Underwriters are required to obtain, verify
and record information that identifies their respective clients, including the Company, which information may include the name and address of their respective clients, as well as other information that will allow the Underwriters to properly
identify their respective clients. 
 15. Miscellaneous. (a) Authority of the Representative. Any action by
the Representative or Underwriters hereunder may be taken by J.P. Morgan Securities LLC on behalf of the Underwriters, and any such action taken by J.P. Morgan Securities LLC shall be binding upon the Underwriters. 

(b) Notices. All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given upon
receipt at the addresses set forth in the following sentence. Notices to the Underwriters shall be given to the Representative c/o J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179 (fax: 212-270-1063), Attention: Syndicate
Desk; Notices to the Company shall be given to it at 600 Grant Street, Pittsburgh, PA 15219-9776 (fax: 412-433-2811), Attention: Robert M. Stanton, Assistant General Counsel. 
 (c) Governing Law. This Agreement and any claim, controversy or dispute arising under or related to this Agreement shall be governed by and construed in accordance with the laws of the State of New
York. 
 (d) Counterparts. This Agreement may be signed in counterparts (which may include counterparts delivered by any
standard form of telecommunication), each of which shall be an original and all of which together shall constitute one and the same instrument. 
 (e) Amendments or Waivers. No amendment or waiver of any provision of this Agreement, nor any consent or approval to any departure therefrom, shall in any event be effective unless the same shall
be in writing and signed by the parties hereto. 
 (f) Headings. The headings herein are included for convenience of
reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Agreement. 
  

  
 23 

 If the foregoing is in accordance with your understanding, please indicate your acceptance
of this Agreement by signing in the space provided below. 
  

			
	Very truly yours,
	
	UNITED STATES STEEL CORPORATION
		
	By:	 	     /s/ John Quaid

		 	Name: John Quaid
		 	Title: Vice President and Treasurer

  

			
	 Confirmed and accepted as of the
 date set forth on the first page hereof

	
	J.P. MORGAN SECURITIES LLC
		
	By:	 	J.P. Morgan Securities LLC 
		
	By	 	     /s/ David Dwyer

		 	        Authorized Signatory
	
	 For itself and on behalf of the
 several Underwriters listed
 in Schedule 1 hereto.

 [Signature page to Fixed Rate Notes Underwriting Agreement] 

 Schedule 1 

 

					
	 Underwriter
	  	Principal Amount of
Securities	 
	 J.P. Morgan Securities LLC
	  	$	110,000,000	  
	 Barclays Capital Inc.
	  	$	55,000,000	  
	 Goldman, Sachs & Co.
	  	$	55,000,000	  
	 Morgan Stanley & Co. Incorporated
	  	$	55,000,000	  
		  	  
	  
	 
	 Total
	  	$	275,000,000	  
		  	  
	  
	 

  
 S-1

 Schedule 2 

 

	 	•	 	 Pricing Term Sheet, dated March 20, 2013, relating to the Securities and attached as Schedule 3 hereto. 

  
 S-2

 Schedule 3 
 Filed Pursuant to Rule 433 under the Securities Act of 1933 
 Issuer Free
Writing Prospectus dated March 20, 2013 
 Relating to Preliminary Prospectus Supplement dated March 20, 2013

 Registration Statement No. 333-186702 
 PRICING TERM SHEET 
 United States Steel Corporation 

$275.0 million aggregate principal amount of 
 6.875% Senior Notes due 2021 (the “notes”) 
 The information in this pricing
term sheet should be read together with the preliminary prospectus supplement dated March 20, 2013 relating to the offering of the notes (preliminary prospectus supplement”), including the documents incorporated by reference therein and
the related base prospectus dated February 15, 2013, filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended. 
  

					
		
	Issuer:	  	United States Steel Corporation (“USS”)
		
	Title of securities:	  	6.875% Senior Notes due 2021
		
	Principal amount:	  	$275.0 million
		
	Coupon:	  	6.875%
		
	Maturity date:	  	April 1, 2021
		
	Price to public:	  	100% of principal amount plus accrued interest, if any, from March 26, 2013
		
	Yield to maturity:	  	6.875%
		
	Benchmark Treasury:	  	UST 3.625% due February 15, 2021
		
	Spread to benchmark Treasury:	  	+540 basis points
		
	Interest payment dates:	  	April 1 and October 1, beginning October 1, 2013
		
	Interest payment record dates:	  	March 15 and September 15 of each year
		
	Mandatory redemption:	  	None
		
	Optional redemption:	  	 USS may redeem the notes, in whole or in part, at its option at any time and from time to time prior to April 1, 2017 at a
price equal to the greater of (i) 100% of the principal amount of the notes to be redeemed or (ii) the sum of the present values of the redemption price of the notes to be redeemed if they were redeemed on April 1, 2017 and all required interest
payments due on such notes through April 1, 2017, exclusive of interest accrued to the date of redemption, discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable
Treasury Yield plus 50 basis points, plus accrued and unpaid interest, if any, to, but excluding, the date of redemption.
  
 On or after April 1, 2017, USS may redeem the notes, in whole or in part, at its option at any time and from time to time at the redemption prices specified below (expressed as percentages of principal
amount), plus accrued and unpaid interest, if any, to, but excluding, the date of redemption, if redeemed during the twelve-month period beginning on April 1 of each of the years indicated below:

 

		  	 On or after:
 2017

2018
 2019 and thereafter
	  	 Price:
 103.438%

101.719%

100.000%

  
 S-3

					
		
	Change of control repurchase event:	  	If a change of control repurchase event occurs, USS will be required to make an offer to repurchase all outstanding notes at a price in cash equal to 101% of the
principal amount of the notes, plus any accrued and unpaid interest to but not including the repurchase date.
			
	Pricing date:	  	March 20, 2013	  	
			
	Closing date:	  	March 26, 2013 (T+4)	  	
		
	Joint book-running managers:	  	 J.P. Morgan Securities LLC
 Barclays Capital Inc.
 Goldman, Sachs & Co.

Morgan Stanley & Co. LLC

			
	CUSIP/ISIN:	  	912909 AJ7 / US912909AJ72	  	
		
	Ratings:	  	 [Intentionally omitted]
  

Investors are cautioned that a security rating is not a recommendation to buy, sell or hold securities, that it is subject to revision or withdrawal at
any time by the assigning rating organization, and that each rating should be evaluated independently of any other rating.

		
	Net proceeds:	  	The net proceeds from the sale of the notes in this offering are estimated to be approximately $270,187,500, after deducting underwriting discounts but before USS’s
estimated offering expenses.

 Concurrent senior convertible notes offering 
 On March 20, 2013, USS priced an offering of $275.0 million aggregate principal amount of 2.75% Senior Convertible Notes due 2019 (the “senior convertible notes offering”). USS granted the
underwriters of the senior convertible notes offering a 30-day option to purchase an addition $41.25 million aggregate principal amount of senior convertible notes. The senior convertible notes offering is expected to close on or around
March 26, 2013, subject to customary closing conditions. This offering and the senior convertible notes offering are not contingent on one another. 
 T+4 settlement 
 USS expects that delivery of the notes will be made against payment
therefor on or about the fourth business day following the date hereof (this settlement cycle being referred to as “T+4”). Under Rule 15c6-1 under the Exchange Act, trades in the secondary market generally are required to settle in three
business days, unless the parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes on the date hereof will be required, by virtue of the fact that the notes initially will settle in T+4, to specify an
alternate settlement cycle at the time of any such trade to prevent a failed settlement and should consult their own advisor. 

  
 S-4

 USS has filed a registration statement including a prospectus and a preliminary prospectus supplement
with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and preliminary prospectus supplement in that registration statement and other documents USS has filed with the SEC for more
complete information about USS and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, USS, any underwriter or any dealer participating in the offering will arrange to send you
the prospectus and the preliminary prospectus supplement if you request them from J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (866) 803-9204; Barclays
Capital Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847 or email: Barclaysprospectus@broadridge.com; Goldman, Sachs & Co., Attn: Prospectus Department, 200 West
Street, New York, NY 10282, or by telephone at (866) 471-2526, facsimile: (212) 902-9316 or e-mail: prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, Second Floor, New
York, NY 10014, or by telephone at (866) 718-1649 or email: prospectus@morganstanley.com. 

  
 S-5

 Annex A 
 Designated Subsidiaries of the Company 
  

			
	 Entity
	  	 Jurisdiction of Organization

	U. S. Steel Tubular Products, Inc.	  	Delaware
	USS Portfolio Delaware, Inc.	  	Delaware
	U. S. Steel Canada Inc.	  	Canada
	U. S. Steel Global Holdings I B.V.	  	Netherlands
	U. S. Steel Košice, s.r.o	  	Slovak Republic

  
 A-1

 Annex B 
 Form of Opinion of Counsel for the Company 
 (i) The Company has been duly
incorporated and is an existing corporation in good standing under the laws of the State of Delaware; 
 (ii) U.S. Steel Tubular
Products, Inc. has been duly incorporated and is an existing corporation in good standing under the laws of the State of Delaware; 
 (iii) The Company has an authorized capitalization as set forth in the Registration Statement, the Time of Sale Information and the Prospectus under the heading “Capitalization,” all of the
outstanding shares of capital stock of the Company have been duly and validly authorized and issued and are fully paid and non-assessable and all outstanding shares of capital stock or other equity interests of each Designated Subsidiary of the
Company have been duly authorized and are validly issued, fully paid and non-assessable; 
 (iv) Neither the Company nor any of
its U.S. subsidiaries is in violation of its certificate of incorporation or by-laws or, to such counsel’s knowledge, none of the Company nor any of the Designated Subsidiaries is in default in the performance or observance of any material
obligation, agreement, covenant or condition contained in any indenture, mortgage, deed of trust, loan agreement, lease or other agreement or instrument to which it is a party or by which it or any of its properties may be bound except for such
defaults and violations that would not, individually or in the aggregate, have a Material Adverse Effect. 
 (v) Each of the
Company and its Designated Subsidiaries has the power and authority (corporate and other) to own its properties and conduct its business as described in the Time of Sale Information and the Prospectus; is duly qualified to do business as a foreign
entity in good standing in all other jurisdictions in which its ownership or lease of property or the conduct of its business requires such qualification, except where the failure to do so would not reasonably be expected to cause a Material Adverse
Effect; 
 (vi) The Company has full right, power and authority to execute and deliver each of the Transaction Documents and to
perform its obligations thereunder; and all action required to be taken for the due and proper authorization, execution and delivery of each of the Transaction Documents and the consummation of the transactions contemplated thereby has been duly and
validly taken; 
 (vii) No consent, approval, authorization or order of, or filing with, any governmental agency or body or any
court having jurisdiction over the Company, its U.S. subsidiaries or their respective properties is required for the consummation of the transactions contemplated by the Underwriting Agreement and the other Transaction Documents in connection with
the issuance and sale of the Securities or the consummation of the Transactions, except for (i) the effectiveness of the Registration Statement, which is in full force and effect, and (ii) any consent, approval, authorization, or order, or
filing required pursuant to state “blue sky” laws or foreign securities laws; 

  
 B-1

 (viii) Except as described in the Time of Sale Information and the Prospectus, there are no
pending actions, suits or proceedings against or affecting the Company, any Designated Subsidiary or any of their respective properties that, if determined adversely to the Company or any Designated Subsidiary would reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect, or would materially and adversely affect the ability of the Company to perform its obligations under the Underwriting Agreement; and, to such counsel’s knowledge, no such
actions, suits or proceedings are threatened; 
 (ix) The execution, delivery and performance of the Transaction Documents, the
issuance and sale of the Securities and compliance by the Company with the terms thereof and the consummation of the transactions contemplated by the Transaction Documents, will not result in a breach or violation of any of the terms and provisions
of, or constitute a default under, (A) the Delaware General Corporation Law or those laws, rules and regulations of the Commonwealth of Pennsylvania and the federal laws of the United States (excluding, with respect to federal securities law,
the antifraud provisions thereof), in each case, which, in such counsel’s experience, are normally applicable to transactions of the type contemplated by the Underwriting Agreement, (B) the respective charters or limited liability company
agreements or by-laws of the Company and the Designated Subsidiaries (other than the Designated Subsidiaries organized and existing outside the United States), (C) to such counsel’s knowledge after inquiring of those employees of the
Company responsible for such matters, orders of any court, regulatory tribunal, administrative agency or other governmental body having jurisdiction over the Company, any Designated Subsidiary or any of their respective properties or (D) to
such counsel’s knowledge after inquiring of those employees of the Company responsible for such matters, any agreement or instrument to which the Company or any Designated Subsidiary is a party or by which the Company or any Designated
Subsidiary is bound or to which any of the properties of the Company or any Designated Subsidiary is subject; the Company has full power and authority to authorize, issue and sell the Securities as contemplated by the Underwriting Agreement;

 (x)(a) The Registration Statement has become effective under the Securities Act; (b) the Prospectus was filed with the
Commission pursuant to Rule 424(b) under the Securities Act on the date specified therein; (c) to the best of such counsel’s knowledge, no order suspending the effectiveness of the Registration Statement has been issued by the Commission,
no notice of objection of the Commission to the use of such registration statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act has been received by the Company and no proceeding for that purpose or
pursuant to Section 8A of the Securities Act against the Company or related to the offering has been initiated or threatened by the Commission; (d) the Registration Statement, as of the Effective Time, and the Prospectus, as of its date
and as of the date hereof, and each amendment or supplement thereto, complied as to form in all material respects with the requirements of the Securities Act; and (e) the documents incorporated by reference in the Registration Statement, the
Time of Sale Information and the Prospectus, when filed with the Commission, conformed in all material respects with the requirements of the Exchange Act; 
 (xi) The Indenture has been duly authorized, executed and delivered by the Company and has been duly qualified under the Trust Indenture Act, and constitutes a valid and legally binding obligation of the
Company enforceable against the Company in 

  
 B-2

 
accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally; by equitable
principles relating to enforceability; the effect of judicial discretion on the availability of remedies and the realization of benefits under an agreement as written (including, without limitation, the possible refusal of a court to enforce any
provision purporting to disallow waivers by course of conduct or oral authorization, to excuse failure to act or delay in acting by any party or to waive trial by jury) and general matters of public policy (collectively, the “Enforceability
Exceptions”); 
 (xii) The Supplemental Indenture setting forth the terms of the Securities in accordance with the terms of
the Indenture has been duly authorized, executed and delivered by the Company, and is enforceable against the Company according to its terms, subject to the Enforceability Exceptions; 

(xiii) The Securities have been duly authorized and when duly executed, authenticated and issued in accordance with the Indenture and
delivered to and paid for by the Underwriters in accordance with the terms of the Underwriting Agreement, will constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their terms, subject
to the Enforceability Exceptions, and will be entitled to the benefits of the Indenture; 
 (xiv) The Underwriting Agreement has
been duly authorized, executed and delivered by the Company; 
 (xv) Each Transaction Document conforms in all material respects
to the description thereof contained in the Registration Statement, the Time of Sale Information and the Prospectus; 
 (xvi)
The descriptions in the Registration Statement, the Time of Sale Information and Prospectus of statutes, legal and governmental proceedings and contracts and other documents are accurate and fairly present the information required to be shown; and
such counsel does not know of any legal or governmental proceedings required to be described in the Registration Statement, the Time of Sale Information or the Prospectus which are not described as required, or of any contracts or documents of a
character required to be described in the Registration Statement, the Time of Sale Information or the Prospectus or to be filed as exhibits to the Registration Statement which are not described and filed as required; 

(xvii) To the knowledge of such counsel after inquiry of those employees of the Company responsible for such matters, there are no
contracts, agreements or understandings between the Company and any person granting such person the right to require the Company to file a registration statement under the Securities Act with respect to any securities of the Company or to require
the Company to include such securities with the Securities registered pursuant to the Registration Statement or with any securities being registered pursuant to any other registration statement filed by the Company under the Securities Act;

 (xviii) The Company is not and, after giving effect to the offering and sale of the Securities and the application of the
proceeds thereof as described in the Time of Sale 

  
 B-3

 
Information and the Prospectus, will not be an “investment company” or an entity “controlled” by an “investment company” within the meaning of the Investment Company
Act of 1940, as amended; 
 (xix) Neither the issuance, sale and delivery of the Securities nor the application of the proceeds
thereof by the Company as described in the Registration Statement, the Time of Sale Information and the Prospectus will violate Regulation T, U or X of the Board of Governors of the Federal Reserve System or any other regulation of such Board of
Governors; 
 (xx) USSK has been duly organized and is an existing limited liability company in good standing under the laws of
the Slovak Republic, with power and authority (corporate and other) to own its properties and conduct its business as described in the Time of the Sale Information and the Prospectus; and USSK is duly qualified to do business as a foreign limited
liability company in good standing in all other jurisdictions in which its ownership or lease of property or the conduct of its business requires such qualification; 
 (xxi) All outstanding equity interests of USSK have been duly authorized and are validly issued, fully paid and nonassessable; 
 (xxii) No consent, approval, authorization or order of, or filing with, any governmental agency or body or any court having jurisdiction over USSK, its subsidiaries or their respective properties in the
Slovak Republic or any political subdivision thereof is required for the consummation of the transactions contemplated by the Underwriting Agreement in connection with the issuance and sale of the Securities by the Company; 

(xxiii) The execution, delivery and performance of the Transaction Documents, the issuance and sale of the Securities and compliance by
the Company with the terms thereof and the consummation of the transactions contemplated by the Transaction Documents, will not result in a breach or violation of any of the terms and provisions of, or constitute a default under, (A) any
statute or any rule or regulation in the Slovak Republic or any political subdivision thereof, (B) the organizational documents of USSK; (C) orders of any court, regulatory tribunal, administrative agency or other governmental body having
jurisdiction over USSK or any of its respective properties or (D) any agreement or instrument to which USSK is a party or by which it is bound or to which any of the properties of USSK is subject; and 

(xxiv) The descriptions in the Registration Statement, the Time of Sale Information and the Prospectus of statutes, legal and
governmental proceedings in the Slovak Republic or any political subdivision thereof and contracts and other documents relating to USSK are accurate and fairly present the information required to be shown; and, after inquiring of those employees of
USSK responsible for such matters, such counsel does not know of (a) any legal or governmental proceedings in the Slovak Republic or any political subdivision thereof or (b) any contracts or documents affecting USSK that would reasonably
be expected to have a material adverse effect upon the financial condition, business, properties or results of operations of USSK. 

  
 B-4

 (xxv) U. S. Steel Canada Inc. is a corporation existing under the laws of Canada. There are
no restrictions on the corporate power and capacity of U.S. Steel Canada Inc. to own and lease property and assets and to carry on business. 
 (xxvi) All of the issued and outstanding common shares in the capital of U.S. Steel Canada Inc. are fully paid and non-assessable and U.S. Steel Canada Limited Partnership is the owner of record of all
such shares. 
 (xxvii) No consent, approval, authorization or order of, or filing with, any federal or provincial governmental
agency or body, or any court, in the Province of Ontario having jurisdiction over U. S. Steel Canada Inc. is required for the consummation of the transactions contemplated by the Underwriting Agreement in connection with the issuance and sale of the
Securities by the Company. 
 (xxviii) The execution, delivery and performance of the Transaction Documents, the issuance and
sale of the Securities and compliance by the Company with the terms thereof and the consummation of the transactions contemplated by the Transaction Documents, will not result in a breach or violation of any of the terms and provisions of, or
constitute a default under, (A) any statute or any rule or regulation of Canada or the Provinces of Ontario to which U. S. Steel Canada Inc. is subject, or (B) the articles or by-laws of U.S. Steel Canada. 

Such counsel shall also state that he has participated in conferences with representatives of the Company and with representatives of its
independent registered public accountants at which conferences the contents of the Registration Statement, the Time of Sale Information and the Prospectus and any amendment and supplement thereto and related matters were discussed and, although such
counsel assumes no responsibility for the accuracy, completeness or fairness of the Registration Statement, the Time of Sale Information and the Prospectus and any amendment or supplement thereto (except as expressly provided), nothing has come to
the attention of such counsel to cause such counsel to believe that (i) as of the applicable Effective Time, the Registration Statement or any amendment thereto, including in each case any document incorporated or deemed incorporated by
reference therein, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein not misleading, (ii) as of the Time of Sale, the Time of
Sale Information, including in each case any document incorporated or deemed incorporated by reference therein, contained any untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary in
order to make the statements therein, in the light of the circumstances under which they were made, not misleading; or (iii) as of its date and as of the Closing Date, the Prospectus or any supplement or amendment thereto, including in each
case any document incorporated or deemed incorporated by reference therein, contained or contains any untrue statement of a material fact or omitted or omits to state any material fact required to be stated therein or necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading (other than the financial statements and other financial information contained therein and information furnished to the Company in writing by the
Representative expressly for use in the Time of Sale Information or Prospectus, as to which such counsel need express no belief). 

  
 B-5

 In rendering such opinion, such counsel may rely as to matters of fact on certificates of
responsible officers of the Company and public officials that are furnished to the Underwriters. 
 No opinion is expressed as
to compliance by the Company with applicable Canadian securities laws in connection with any distribution of the Securities to a purchaser in Canada. The opinions set forth in paragraphs (xxv) – (xxviii) are expressed only as to the
laws of Ontario and Alberta and the federal laws of Canada applicable therein. 
 The foregoing opinion shall be rendered to the
Underwriters at the request of the Company and shall so state therein. 

  
 B-6

 Annex C 
 Form of Opinion of Outside Counsel for the Company 
 (i) The Indenture has
been duly authorized, executed and delivered by the Company and has been duly qualified under the Trust Indenture Act; the Supplemental Indenture has been duly authorized, executed and delivered by the Company; and the Indenture, as supplemented by
the Supplemental Indenture, constitutes a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, subject to the Enforceability Exceptions; 

(ii) The Securities have been duly authorized and, when issued, executed and authenticated in accordance with the provisions of the
Indenture, as supplemented by the Supplemental Indenture, and delivered to and paid for by the Underwriters in accordance with the terms of the Underwriting Agreement, will constitute legal, valid and binding obligations of the Company, enforceable
against the Company in accordance with their terms, subject to the Enforceability Exceptions, and will be entitled to the benefits of the Indenture, as supplemented by the Supplemental Indenture; 

(iii) The Underwriting Agreement has been duly authorized, executed and delivered by the Company; 

(iv) The statements set forth in the Time of Sale Information and the Prospectus under the captions “Description of the notes”
and “Description of the debt securities,” insofar as such statements purport to constitute summaries of the terms of the Securities, constitute an accurate summary of the terms of the Securities in all material respects; 

(v) The description in the Time of Sale Information and the Prospectus under the caption “Material U.S. federal income tax
considerations,” to the extent that it purports to summarize provisions of United States federal income tax law or legal conclusions with respect to United States federal income tax law, is accurate in all material respects; 

IRS Circular 230 Disclosure. To ensure compliance with the requirements imposed by the Internal Revenue Service, we inform
you that any U.S. federal tax advice contained herein does not deal with a taxpayer’s particular circumstances. Further, it was written in support of the promotion, marketing or recommending of the transaction or matter described
herein. This opinion was not intended or written to be used, and cannot be used, for purposes of avoiding penalties under the Internal Revenue Code. Taxpayers should consult their own tax advisors regarding the tax consequences to them of
their own particular circumstances. 
 (vi) The Company is not and, after giving effect to the offering and sale of the
Securities, will not be, an “investment company,” as such term is defined in the Investment Company Act of 1940, as amended. 
 (vii) The Registration Statement (except as to the financial statements, schedules, notes, other financial and accounting data and statistical data derived therefrom, and information about internal
control over financial reporting, as to which we express no 

  
 C-1

 
opinion), on the date it initially became effective under the Securities Act, appeared on its face to be appropriately responsive in all material respects to the applicable requirements of the
Securities Act; and 
 (viii) The Prospectus (except as to the financial statements, schedules, notes, other financial and
accounting data and statistical data derived therefrom, and information about internal control over financial reporting, as to which we express no opinion), at the time such document was filed with the Commission, appeared on its face to be
appropriately responsive in all material respects to the applicable requirements of the Securities Act or the Exchange Act. 

Such counsel shall also state that such counsel confirms that nothing came to such counsel’s attention that caused such counsel to
believe that (i) the Registration Statement, as of its most recent effective date, pursuant to Rule 430B(f)(2) under the Securities Act, of the part of the Registration Statement relating to the Securities for purposes of the liability of
the Underwriters under Section 11 of the Securities Act, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading;
(ii) the Time of Sale Information, considered as a whole at the Time of Sale, contained any untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading or (iii) the Prospectus, as of its date, or as of the date hereof, contained or contains any untrue statement of a material fact or omitted or omits to state any material fact necessary in order to
make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that (a) such counsel is not passing upon and does not assume any responsibility for the
accuracy, completeness or fairness of the statements contained in the Registration Statement, the Time of Sale Information and the Prospectus (except with respect to certain legal matters, as and to the extent set forth in paragraphs (iv) and
(v) in such counsel’s letter delivered to the Underwriters pursuant to Section 6(h) of the Underwriting Agreement), (b) such counsel does not express any belief with respect to the financial statements, schedules, notes, other
financial and accounting data and statistical data derived therefrom, and management’s report on internal control over financial reporting, in each case contained in the Registration Statement, the Time of Sale Information or the Prospectus,
and (c) such counsel does not express any belief with respect to any statement in a document incorporated by reference in the Registration Statement, the Time of Sale Information or the Prospectus, to the extent that, pursuant to Rule 412
under the Securities Act, such statement is deemed to be modified or superseded in the Registration Statement, the Time of Sale Information or the Prospectus, as the case may be, at the respective times as of which the advisements set forth in this
paragraph are provided. 
 In rendering such opinion, such counsel may rely as to matters of fact on certificates of responsible
officers of the Company and public officials that are furnished to the Underwriters. 
 The foregoing opinion shall be rendered
to the Underwriters at the request of the Company and shall so state therein. 

  
 C-2EX-10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 First Amendment to the 

Limited Partnership Agreement 
 of 
 Sabra Health Care Limited Partnership 

This Amendment is made as of March 21, 2013 by Sabra Health Care REIT, Inc., a Maryland Corporation (the “Company”), as
general partner (the “General Partner”) and Sabra Health Care, LLC, a Delaware limited liability company, as limited partner, for purposes of amending the Limited Partnership Agreement of Sabra Health Care Limited Partnership (the
“Partnership”) dated as of November 15, 2010 (the “Partnership Agreement”). 
 WHEREAS, the Board of
Directors of the Company (the “Board”), by unanimous consent on March 12, 2013 and by action of the Securities Committee of the Board on March 14, 2013 pursuant to delegated authority, classified and designated 5,750,000 shares
of Preferred Stock (as defined in the Articles of Incorporation of the Company (the “Charter”)) as REIT Series A Preferred Shares (as defined below); 
 WHEREAS, the Board filed Articles Supplementary to the Charter with the State Department of Assessments and Taxation of Maryland on March 20, 2013, establishing the REIT Series A Preferred Shares,
with such preferences, rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption as described in such Articles Supplementary; 

WHEREAS, on March 21, 2013, the Company issued 5,750,000 shares of the REIT Series A Preferred Shares; 

WHEREAS, the General Partner has determined that, in connection with the issuance of the REIT Series A Preferred Shares, it is necessary
and desirable to amend the Partnership Agreement to create additional Partnership Units (as defined in the Partnership Agreement) having designations, preferences and other rights which are substantially the same as the economic rights of the REIT
Series A Preferred Shares. 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration,
the receipt and sufficiency of which hereby are acknowledged, the General Partner hereby amends the Partnership Agreement as follows: 
 1.
Designation and Number. A series of Preferred Units, designated as the “7.125% Series A Cumulative Redeemable Preferred Units” (the “Series A Preferred Units”), is hereby established. The number of units of Series A
Preferred Units is 5,750,000. The Partnership Units represented by the Series A Preferred Units and the Common Units shall each be a separate class of Partnership Interests for purposes of the Partnership Agreement. 

 2. Defined Terms. Capitalized terms used herein and not otherwise defined shall have the meanings
given to such terms in the Partnership Agreement. The following defined terms used in this Amendment to the Partnership Agreement shall have the meanings specified below: 
 “Junior Units” means Partnership Units representing any class or series of Partnership Interests (which for the avoidance of doubt, excludes any convertible debt securities) now or
hereafter issued and outstanding, the terms of which provide that such Partnership Interests ranks, as to payment of distributions and amounts upon voluntary or involuntary liquidation, dissolution or winding-up of the affairs of the Partnership,
junior to the Series A Preferred Units. For the avoidance of doubt, the term “Junior Unit” shall include any Common Unit. 
 “Parity Preferred Unit” means Partnership Units representing any class or series of Partnership Interests (which for the avoidance of doubt, excludes any convertible debt securities) now
or hereafter issued and outstanding, the terms of which specifically provide that such Partnership Interests ranks on a parity with the Series A Preferred Units with respect to payment of distributions and amounts upon liquidation, dissolution or
winding up of the affairs of the Partnership. 
 “REIT Junior Shares” means shares of any class or series of
stock of the General Partner now or hereafter authorized other than the REIT Shares (which for the avoidance of doubt excludes convertible debt securities) (any such shares, “Capital Shares”), now or hereafter issued, the terms of which
provide that such Capital Shares rank junior to the REIT Series A Preferred Shares as to the payment of dividends and amounts upon liquidation, dissolution or winding up of the affairs of the General Partner. For the avoidance of doubt, the term
“REIT Junior Share” shall include any REIT Share. 
 “REIT Series A Preferred Share” means a share of
the 7.125% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share, liquidation preference $25.00 per share, of the General Partner. 
 “Senior Preferred Unit” means Partnership Units representing any class or series of Partnership Interests (which for the avoidance of doubt, excludes any convertible debt securities) now
or hereafter issued and outstanding, the terms of which specifically provide that such Partnership Interests by their terms rank senior to the Series A Preferred Units with respect to payment of distributions and amounts upon liquidation,
dissolution or winding up of the affairs of the Partnership. 
 “Series A Articles Supplementary” means the
Articles Supplementary of the General Partner adopted in connection with the issuance of its REIT Series A Preferred Shares, as filed with the Maryland State Department of Assessments and Taxation on March 20, 2013 and as such Articles
Supplementary of the General Partner may be amended from time to time in accordance with its terms and the terms of the Charter. 

  
 2 

 “Series A Liquidation Preference” means, at any time, with respect to each
Series A Preferred Unit, an amount equal to the amount that a holder of one REIT Series A Preferred Share would be entitled to receive upon liquidation, dissolution or winding up of the affairs of the General Partner under the Series A Articles
Supplementary. 
 “Series A Priority Return” shall mean, at any time, with respect to each Series A Preferred
Unit, an amount equal to the cumulative cash dividends that a holder of one REIT Series A Preferred Share would be entitled to receive at such time under the Series A Articles Supplementary. 
 3. Distributions. 
 A. Payment of Distributions. Subject to the
rights of Holders of Senior Preferred Units, as to the payment of distributions, pursuant to Section 5.1 of the Partnership Agreement, the General Partner, as holder of the Series A Preferred Units, will be entitled to receive in respect of
each Series A Preferred Unit, when, as and if declared by the Partnership acting through the General Partner, out of Available Cash, cumulative preferential cash distributions in an amount equal to the Series A Priority Return for such Series A
Preferred Unit. Such distributions shall be cumulative, shall accrue from the original date of issuance and will be payable at the time dividends are payable on the REIT Series A Preferred Shares (any such payment date, a “Series A Preferred
Unit Distribution Payment Date”). 
 B. Distributions Cumulative. Notwithstanding the foregoing, distributions on
the Series A Preferred Units will accrue whether or not the terms and provisions set forth in Section 3.C of this Amendment at any time prohibit the current payment of distributions, whether or not the Partnership has earnings, whether
or not there are funds legally available for the payment of such distributions and whether or not such distributions are authorized. 
 C. Priority as to Distributions 
 (1) Except as provided in
Section 3.C(2) below, no distributions (other than a distribution paid in Junior Units or REIT Junior Shares (or options, warrants or rights to subscribe for or purchase any Junior Units or REIT Junior Shares)) shall be declared and paid
or declared and set apart for payment with respect to any Parity Preferred Unit or Junior Unit as to distributions for any period, nor shall any Junior Units or Parity Preferred Units be redeemed, purchased or otherwise acquired for any
consideration (and no funds shall be paid or made available for a sinking fund for the redemption of such units) and no other distribution or payment of cash may be made, directly or indirectly, on or with respect thereto by the Partnership (except
by conversion into or exchange for Junior Units or for REIT Junior Shares (or options, warrants or rights to subscribe for or purchase any Junior Units or REIT Junior Shares), and except for the redemption of Partnership Interests corresponding
(x) to any REIT Shares to be purchased or otherwise acquired by the General Partner for the purposes of and in compliance with the requirements of an employee benefit or retention plan of the General

  
 3 

 
Partner or any subsidiary thereof, (y) to any REIT Series A Preferred Shares or any other REIT Shares of any other class or series of capital stock ranking, as to dividends or upon
liquidation, on parity with or junior to the REIT Series A Preferred Shares to be purchased or redeemed by the General Partner pursuant to Article VII of the Charter, Section 7 of the Series A Articles Supplementary, or otherwise in order to
ensure that the General Partner remains qualified as a REIT for federal income tax purposes, provided that such redemption shall be upon the same terms as the corresponding stock purchase, acquisition or redemption pursuant to the Charter, or
(z) to any REIT Series A Preferred Shares or any other REIT Shares of any other class or series of capital stock ranking, as to dividends or upon liquidation, on parity with the REIT Series A Preferred Shares (“REIT Parity Shares”)
pursuant to a purchase or exchange offer made on the same terms to holders of all outstanding shares of REIT Series A Preferred Shares and any REIT Parity Shares), unless in each case full cumulative distributions on the Series A Preferred Units for
all past periods shall have been or contemporaneously are (i) declared and paid in cash or contemporaneously declared and paid or (ii) declared and a sum sufficient for the payment thereof in cash is set apart for such payment for all past
distribution periods. 
 (2) When distributions are not paid in full (and a sum sufficient for such full payment is not so set
apart) upon the Series A Preferred Units and any other Parity Preferred Units as to distributions, all distributions declared and paid upon the Series A Preferred Units and such other classes or series of Parity Preferred Units as to the payment of
distributions shall be declared pro rata so that the amount of distributions declared per Series A Preferred Unit and each such other class or series of Parity Preferred Units shall in all cases bear to each other the same ratio that accrued
distributions per Series A Preferred Unit and such other class or series of Parity Preferred Units (which shall not include any accrual in respect of unpaid distributions on such other class or series of Parity Preferred Units for prior distribution
periods if such other class or series of Parity Preferred Unit does not have a cumulative distribution) bear to each other. No interest, or sum of money in lieu of interest, shall be payable in respect of any distribution payment or payments on the
Series A Preferred Units which may be in arrears. 
 (3) “Set apart for payment” shall be deemed to include, without
any action other than the following: the recording by the Partnership in its accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to an authorization by the General Partner and a declaration of distribution by the
Partnership, the allocation of funds to be so paid on any series or class of Partnership Interests; provided, however, that if any funds for any class or series of Partnership Interests ranking junior to or on a parity with the Series A Preferred
Units as to the payment of distributions are placed in a separate account of the Partnership or delivered to a disbursing, paying or other similar agent, then “set apart for payment” with respect to the Series A Preferred Units shall mean
placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent. 

  
 4 

 D. No Further Rights. The General Partner, as holder of the Series A Preferred Units,
shall not be entitled to any distributions, whether payable in cash, other property or otherwise, in excess of the full cumulative distributions described herein. Any distribution payment made on the Series A Preferred Units shall first be credited
against the earliest accrued but unpaid distribution due with respect to such Series A Preferred Units which remains payable. Accrued but unpaid distributions on the Series A Preferred Units will be cumulative from, but excluding, the most recent
Series A Preferred Unit Distribution Payment Date. 
 4. Liquidation Proceeds. 

A. Distributions. Subject to the remainder of this Section 4, in the event of any liquidation, dissolution or winding
up of the affairs of the Partnership, whether voluntary or involuntary, before any payment or distribution of the assets of the Partnership shall be made or set apart for the holders of any Junior Units, each holder of the Series A Preferred Units
shall be entitled to receive the Series A Liquidation Preference (collectively, the “Total Liquidation Preference”), plus an amount per unit equal to any distributions (whether or not authorized or declared) accrued and unpaid
thereon to, but not including, the date of final distribution to such holders, with respect to its Series A Preferred Units. If, upon any such liquidation, dissolution or winding up of the affairs of the Partnership, the assets of the Partnership,
or proceeds thereof, distributable among the holders of the Series A Preferred Units shall be insufficient to pay in full the Total Liquidation Preference and liquidation payments on any Parity Preferred Units, then such assets, or the proceeds
thereof, shall be distributed among the holders of the Series A Preferred Units and any such Parity Preferred Units ratably in accordance with the respective amounts that would be payable on the Series A Preferred Units and any such Parity Preferred
Units if all amounts payable thereon were paid in full. After payment of the Total Liquidation Preference and liquidation payments on any Parity Preferred Units, the assets of the Partnership shall be distributed among the holders of any Junior
Units in such amounts as would be distributed to such holders if the liquidating distributions had instead been made with respect to Junior Units pursuant to Article 5 hereof (treating for this purpose the Junior Units as the only Partnership Units
outstanding). 
 B. Notice. Written notice of any such voluntary or involuntary liquidation, dissolution or winding-up of
the Partnership, stating the payment date or dates when, and the place or places where, the amounts distributable in such circumstances shall be payable, shall be given by the General Partner in accordance with Article 13 of the Partnership
Agreement. 
 C. No Further Rights. After payment of the full amount of the liquidating distributions to which it is
entitled, the General Partner, as holder of the Series A Preferred Units, will have no right or claim to any of the remaining assets of the Partnership. 
 D. Consolidation, Merger or Certain Other Transactions. The sale, conveyance, lease, exchange or transfer (for cash, shares of stock, securities or other consideration) of all or substantially all
of the property or business of the Partnership to, or the consolidation or merger of the Partnership with or into, any corporation, trust or other entity (or of any corporation, trust or other entity with or into the Partnership) shall not be deemed
to constitute a voluntary or involuntary liquidation, dissolution or winding-up of the Partnership. 

  
 5 

 5. Redemption. 
 A. Redemption. If the General Partner elects to redeem any of the REIT Series A Preferred Shares in accordance with the terms of the Series A Articles Supplementary, the Partnership shall, on the
date set for redemption of such REIT Series A Preferred Shares, redeem the number of Series A Preferred Units equal to the number of REIT Series A Preferred Shares for which the General Partner has given notice of redemption pursuant to
Section 5 or Section 6, as applicable, of the Series A Articles Supplementary, at a redemption price, payable in cash, equal to the product of (i) the number of Series A Preferred Units being redeemed, and (ii) an
amount equal to the redemption price of the REIT Series A Preferred Shares so redeemed, including any accrued and unpaid dividends on such REIT Series A Preferred Shares included in such redemption price. 

B. Procedures for Redemption. The following provisions set forth the procedures for redemption: 

(1) No separate notice of redemption need be given by the General Partner to the Partnership. 

(2) On or after the redemption date, the General Partner shall present and surrender the certificates, if any, representing the Series A
Preferred Units to the Partnership and thereupon the redemption price of such Series A Preferred Units shall be paid to the General Partner and each surrendered Series A Preferred Unit certificate, if any, shall be canceled. If fewer than all the
Series A Preferred Units represented by any such certificate representing Series A Preferred Units are to be redeemed, a new certificate shall be issued representing the unredeemed Series A Preferred Units. 

(3) From and after the redemption date (unless the Partnership defaults in payment of the redemption price), all distributions on the
Series A Preferred Units designated for redemption in such notice shall cease to accumulate and all rights of the General Partner in respect of the redeemed Series A Preferred Units, except the right to receive the redemption price thereof
(including all accumulated and unpaid distributions up to but excluding the redemption date), shall cease and terminate, and such Series A Preferred Units shall not be deemed to be outstanding for any purpose whatsoever. At its election, the
Partnership, prior to a redemption date, may irrevocably deposit the redemption price (including accumulated and unpaid distributions to but not including the redemption date) of the Series A Preferred Units so called for redemption in trust for the
General Partner with a bank or trust company, in which case the redemption notice to the General Partner shall (A) state the date of such deposit, (B) specify the office of such bank or trust company as the place of payment of the
redemption price and (C) require the General Partner to surrender the certificates, if any, representing such Series A Preferred Units at such place on or about the date fixed in such redemption notice (which may not be later than the
redemption date) against payment of the redemption price 

  
 6 

 
(including all accumulated and unpaid distributions to the redemption date). Any monies so deposited which remain unclaimed by the General Partner at the end of two years after the redemption
date shall be returned by such bank or trust company to the Partnership. 
 6. Ranking. The Series A Preferred Units shall, with respect
to distribution rights and rights upon voluntary or involuntary liquidation, winding-up or dissolution of the Partnership, rank (i) senior to the Common Units and to all other Junior Units; (ii) on a parity with all Parity Preferred Units;
and (iii) junior to all Senior Preferred Units. 
 7. Voting Rights/Amendment. The General Partner shall not have any voting or
consent rights in respect of its partnership interest represented by the Series A Preferred Units except that the consent of the General Partner shall be required in connection with any amendment of this Amendment or the terms of the Certificate of
Designation for the Series A Preferred Units. Subject to Section 14.1 of the Partnership Agreement, the terms of this Amendment and the Certificate of Designation for the Series A Preferred Units may be modified by the General Partner, without
the consent of any Limited Partner, in order to (a) reflect any amendment or modification to the REIT Series A Preferred Shares made in accordance with the Series A Articles Supplementary and the Charter or (b) conform the terms of this
Amendment and the Certificate of Designation to correspond to the terms of the REIT Series A Preferred Shares. 
 8. Transfer
Restrictions. The Series A Preferred Units shall not be transferable except in accordance with Sections 11.1 and 11.2 of the Partnership Agreement. 
 9. Conversion. In the event of a conversion of REIT Series A Preferred Shares into REIT Shares at the option of the holders of REIT Series A Preferred Shares pursuant to the terms of the Series A
Articles Supplementary, then, upon conversion of such REIT Series A Preferred Shares, the General Partner shall convert an equal whole number of Series A Preferred Units into Common Units as such REIT Series A Preferred Shares are converted into
REIT Shares, as adjusted to take into account any changes to the REIT Shares Amount pursuant to the Conversion Factor as utilized in the definition of REIT Shares Amount. In the event of a conversion of REIT Series A Preferred Shares into REIT
Shares, (a) to the extent the General Partner is required to pay cash in lieu of fractional REIT Shares pursuant to the Series A Articles Supplementary in connection with such conversion, the Partnership shall distribute an equal amount of cash
to the General Partner and (b) to the extent the General Partner receives cash proceeds in addition to the REIT Series A Preferred Shares tendered for conversion, the General Partner shall contribute such proceeds to the Partnership.

 10. No Sinking Fund. No sinking fund shall be established for the retirement or redemption of Series A Preferred Units. 

11. Amendment to Article I. Article I of the Partnership Agreement is hereby amended to delete the definition of “Newly Issued Unit” in
its entirety. 

  
 7 

 12. Amendment to Article V. Section 5.1 of the Partnership Agreement is hereby amended to delete
Section 5.1.B thereof in its entirety. 
 13. Amendment to Exhibit A. Exhibit A of the Partnership Agreement is hereby deleted in
its entirety and replaced with Exhibit A attached to this Amendment. 
 14. This Amendment shall constitute a Certificate of Designation for
purposes of the Partnership Agreement. 
 15. Except as modified herein, all terms and conditions of the Partnership Agreement shall remain in
full force and effect, which terms and conditions the General Partner hereby ratifies and confirms. 
 16. This Amendment shall be construed and
enforced in accordance with and governed by the laws of the State of Delaware, without regard to principles of conflicts of law. 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have executed this Limited Partnership Agreement as
of the date first written above. 
  

	
	GENERAL PARTNER:
	
	SABRA HEALTH CARE REIT, INC.
	
	 /s/ Richard K. Matros

	Name: Richard K. Matros
	Title:   Chief Executive Officer & President
	
	LIMITED PARTNER:
	
	SABRA HEALTH CARE, LLC
	
	 /s/ Richard K. Matros

	Name: Richard K. Matros
	Title:   President

  
 [Signature
Page to First Amendment to the Limited Partnership Agreement 
 of Sabra Health Care Limited Partnership] 

 EXHIBIT A 
 PARTNER CONTRIBUTIONS AND PARTNERSHIP INTERESTS 
  

													
	 Partner’s Name and Address
	  	Percentage
Interests	 	 	Common Units	 	  	Preferred Units	 
	 Sabra Health Care REIT, Inc. 18500 Von Karman Avenue, Suite 550 Irvine, CA 92612
	  	 	99	%	 	 	37,333,801	  	  	 	5,750,000	  
	 Sabra Health Care, LLC 18500 Von Karman Avenue, Suite 550 Irvine, CA 92612
	  	 	1	%	 	 	249,579	  	  	 	0	  

  
 Exhibit A

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