Document:

EX-4.1

 Exhibit 4.1 

 
  
 CRH AMERICA, INC., 
 Issuer 

CRH PLC, 

Guarantor 
 TO

 JPMORGAN CHASE BANK 
 Trustee 
  

 
 INDENTURE

 Dated as of March 20, 2002 
  

 
 Guaranteed Debt
Securities 
  
  

 CRH AMERICA, INC. 
 CRH plc 
 Certain Sections of this Indenture relating to 

Sections 310 through 318, inclusive, of the 
 Trust Indenture Act of 1939: 
  

					
	 Trust Indenture

   Act Section
	  	 Indenture
 Section
	 
		
	 § 310(a)(1)
	  	 	609	  
	 (a)(2)
	  	 	609	  
	 (a)(3)
	  	 	Not Applicable	  
	 (a)(4)
	  	 	Not Applicable	  
	 (b)
	  	 	608	  
		  	 	610	  
	 § 311(a)
	  	 	613	  
	 (b)
	  	 	613	  
	 § 312(a)
	  	 	701	  
		  	 	702	  
	 (b)
	  	 	702	  
	 (c)
	  	 	702	  
	 § 313(a)
	  	 	703	  
	 (b)
	  	 	703	  
	 (c)
	  	 	703	  
	 (d)
	  	 	703	  
	 § 314(a)
	  	 	704	  
	 (a)(4)
	  	 	101	  
		  	 	1005	  
	 (b)
	  	 	Not Applicable	  
	 (c)(1)
	  	 	102	  
	 (c)(2)
	  	 	102	  
	 (c)(3)
	  	 	Not Applicable	  
	 (d)
	  	 	Not Applicable	  
	 (e)
	  	 	102	  
	 § 315(a)
	  	 	601	  
	 (b)
	  	 	602	  
	 (c)
	  	 	601	  
	 (d)
	  	 	601	  
	 (e)
	  	 	514	  
	 § 316(a)
	  	 	101	  
	 (a)(1)(A)
	  	 	502	  
		  	 	512	  
	 (a)(1)(B)
	  	 	513	  
	 (a)(2)
	  	 	Not Applicable	  
	 (b)
	  	 	508	  

  
 NOTE:
This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

					
	 (c)
	  	 	104	  
	 § 317(a)(1)
	  	 	503	  
	 (a)(2)
	  	 	504	  
	 (b)
	  	 	1003	  
	 § 318(a)
	  	 	107	  

  
 NOTE:
This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

 TABLE OF CONTENTS 

 
  

 

					
	 	  	Page	 
		
	 RECITALS
	  	 	1	  

 ARTICLE ONE 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
  

					
	 Section 101. Definitions
	  	 	2	  
	 Act
	  	 	2	  
	 Affiliate
	  	 	2	  
	 Authenticating Agent
	  	 	2	  
	 Authorized Newspaper
	  	 	2	  
	 Authorized Person
	  	 	3	  
	 Board of Directors
	  	 	3	  
	 Board Resolution
	  	 	3	  
	 Business Day
	  	 	3	  
	 Commission
	  	 	3	  
	 Consolidated Shareholders’ Funds
	  	 	3	  
	 Corporate Trust Office
	  	 	3	  
	 Corporation
	  	 	4	  
	 Covenant Defeasance
	  	 	4	  
	 Defaulted Interest
	  	 	4	  
	 Defeasance
	  	 	4	  
	 Depositary
	  	 	4	  
	 ECGD
	  	 	4	  
	 Event of Default
	  	 	4	  
	 Exchange Act
	  	 	4	  
	 Expiration Date
	  	 	4	  
	 Global Security
	  	 	4	  
	 Guarantees
	  	 	4	  
	 Guarantor
	  	 	4	  
	 Holder
	  	 	4	  
	 Indenture
	  	 	4	  
	 Interest
	  	 	5	  
	 Interest Payment Date
	  	 	5	  
	 Investment Company Act
	  	 	5	  
	 Issuer
	  	 	5	  
	 Lien
	  	 	5	  
	 Maturity
	  	 	5	  
	 Notice of Default
	  	 	5	  
	 Officer’s Certificate
	  	 	5	  
	 Opinion of Counsel
	  	 	5	  

  
 NOTE:
This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

							
	 Order
	  	 	5	  
	 Original Issue Discount Security
	  	 	5	  
	 Outstanding
	  	 	5	  
	 Paying Agent
	  	 	6	  
	 Person
	  	 	7	  
	 Place of Payment
	  	 	7	  
	 Predecessor Security
	  	 	7	  
	 Property
	  	 	7	  
	 Redemption Date
	  	 	7	  
	 Redemption Price
	  	 	7	  
	 Regular Record Date
	  	 	7	  
	 Responsible Officer
	  	 	7	  
	 Securities
	  	 	7	  
	 Securities Act
	  	 	7	  
	 Security Register
	  	 	7	  
	 Special Record Date
	  	 	7	  
	 Stated Maturity
	  	 	8	  
	 Subsidiary
	  	 	8	  
	 Trust Indenture Act
	  	 	8	  
	 Trustee
	  	 	8	  
	 United States
	  	 	8	  
	 U.S. Government Obligation
	  	 	8	  
	 Section 102.
	  	Compliance Certificates and Opinions	  	 	8	  
	 Section 103.
	  	Form of Documents Delivered to Trustee	  	 	9	  
	 Section 104.
	  	Acts of Holders; Record Dates	  	 	9	  
	 Section 105.
	  	Notices, Etc., to Trustee, Issuer and Guarantor	  	 	11	  
	 Section 106.
	  	Notice to Holders; Waiver	  	 	12	  
	 Section 107.
	  	Language of Notices, Etc.	  	 	12	  
	 Section 108.
	  	Conflict with Trust Indenture Act	  	 	12	  
	 Section 109.
	  	Effect of Headings and Table of Contents	  	 	12	  
	 Section 110.
	  	Successors and Assigns	  	 	13	  
	 Section 111.
	  	Separability Clause	  	 	13	  
	 Section 112.
	  	Benefits of Indenture	  	 	13	  
	 Section 113.
	  	Governing Law	  	 	13	  
	 Section 114.
	  	Saturday, Sundays and Legal Holidays	  	 	13	  
	 Section 115.
	  	Submission to Jurisdiction; Appointment of Agent for Service of Process	  	 	13	  

 ARTICLE TWO 
 SECURITY AND GUARANTEE FORMS 
  

							
	 Section 201.
	  	Forms Generally	  	 	15	  
	 Section 202.
	  	Form of Face of Security	  	 	16	  
	 Section 203.
	  	Form of Reverse of Security	  	 	18	  
	 Section 204.
	  	Form of Legend for Global Securities	  	 	23	  
	 Section 205.
	  	Form of Trustee’s Certificate of Authentication	  	 	23	  

  
 NOTE:
This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

					
	 Section 206.   Guarantee by Guarantor; Form of Guarantee
	  	 	24	  

 ARTICLE THREE 
 THE SECURITIES AND GUARANTEES 
  

							
	 Section 301.
	 	 Amount Unlimited; Issuable in Series
	  	 	28	  
	 Section 302.
	 	 Denominations
	  	 	31	  
	 Section 303.
	 	 Execution, Authentication, Delivery and Dating
	  	 	31	  
	 Section 304.
	 	 Temporary Securities
	  	 	33	  
	 Section 305.
	 	 Registration, Registration of Transfer and Exchange
	  	 	33	  
	 Section 306.
	 	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	35	  
	 Section 307.
	 	 Payment of Interest; Interest Rights Preserved
	  	 	36	  
	 Section 308.
	 	 Persons Deemed Owners
	  	 	37	  
	 Section 309.
	 	 Cancellation
	  	 	37	  
	 Section 310.
	 	 Computation of Interest
	  	 	38	  
	 Section 311.
	 	 CUSIP Numbers
	  	 	38	  

 ARTICLE FOUR 
 SATISFACTION AND DISCHARGE 
  

							
	 Section 401.
	 	 Satisfaction and Discharge of Indenture
	  	 	39	  
	 Section 402.
	 	 Application of Trust Money
	  	 	40	  

 ARTICLE FIVE 
 REMEDIES 
  

							
	 Section 501.
	 	 Events of Default
	  	 	41	  
	 Section 502.
	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	43	  
	 Section 503.
	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	44	  
	 Section 504.
	 	 Trustee May File Proofs of Claim
	  	 	45	  
	 Section 505.
	 	 Trustee May Enforce Claims Without Possession of Securities
	  	 	45	  
	 Section 506.
	 	 Application of Money Collected
	  	 	45	  
	 Section 507.
	 	 Limitation on Suits
	  	 	46	  
	 Section 508.
	 	 Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	 	47	  
	 Section 509.
	 	 Restoration of Rights and Remedies
	  	 	47	  
	 Section 510.
	 	 Rights and Remedies Cumulative
	  	 	47	  
	 Section 511.
	 	 Delay or Omission Not Waiver
	  	 	47	  
	 Section 512.
	 	 Control by Holders of Securities
	  	 	47	  
	 Section 513.
	 	 Waiver of Past Defaults
	  	 	48	  
	 Section 514.
	 	 Undertaking for Costs
	  	 	48	  
	 Section 515.
	 	 Waiver of Usury, Stay or Extension Laws
	  	 	48	  

  
 NOTE:
This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

 ARTICLE SIX 
 THE TRUSTEE 
  

							
	 Section 601.
	 	 Certain Duties and Responsibilities
	  	 	49	  
	 Section 602.
	 	 Notice of Defaults
	  	 	49	  
	 Section 603.
	 	 Certain Rights of Trustee
	  	 	49	  
	 Section 604.
	 	 Not Responsible for Recitals or Issuance of Securities
	  	 	51	  
	 Section 605.
	 	 May Hold Securities
	  	 	51	  
	 Section 606.
	 	 Money Held in Trust
	  	 	51	  
	 Section 607.
	 	 Compensation and Reimbursement
	  	 	51	  
	 Section 608.
	 	 Conflicting Interests
	  	 	52	  
	 Section 609.
	 	 Corporate Trustee Required; Eligibility
	  	 	52	  
	 Section 610.
	 	 Resignation and Removal; Appointment of Successor
	  	 	52	  
	 Section 611.
	 	 Acceptance of Appointment by Successor
	  	 	54	  
	 Section 612.
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	55	  
	 Section 613.
	 	 Preferential Collection of Claims Against the Issuer or the Guarantor
	  	 	55	  
	 Section 614.
	 	 Appointment of Authenticating Agent
	  	 	55	  

 ARTICLE SEVEN 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE, ISSUER AND THE GUARANTOR 
  

							
	 Section 701.
	 	 The Issuer and the Guarantor to Furnish Trustee Names and Addresses of Holders
	  	 	58	  
	 Section 702.
	 	 Preservation of Information; Communications to Holders
	  	 	58	  
	 Section 703.
	 	 Reports by the Trustee
	  	 	58	  
	 Section 704.
	 	 Reports by the Issuer and the Guarantor
	  	 	59	  
	 Section 705.
	 	 Calculation of Original Issue Discount
	  	 	59	  

 ARTICLE EIGHT 
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
  

							
	 Section 801.
	 	 The Issuer or the Guarantor May Consolidate, Etc., Only on Certain Terms
	  	 	60	  
	 Section 802.
	 	 Successor Substituted
	  	 	61	  
	 Section 803.
	 	 Assumption by Guarantor or Subsidiary of Issuer’s Obligations
	  	 	62	  

 ARTICLE NINE 
 SUPPLEMENTAL INDENTURES 
  

							
	 Section 901.
	 	 Supplemental Indentures Without Consent of Holders
	  	 	65	  
	 Section 902.
	 	 Supplemental Indentures With Consent of Holders
	  	 	66	  
	 Section 903.
	 	 Execution of Supplemental Indentures
	  	 	68	  
	 Section 904.
	 	 Effect of Supplemental Indentures
	  	 	68	  
	 Section 905.
	 	 Conformity with Trust Indenture Act
	  	 	68	  

  
 NOTE:
This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

							
	 Section 906.
	 	 Reference in Securities to Supplemental Indentures
	  	 	68	  

 ARTICLE TEN 
 COVENANTS 
  

							
	 Section 1001.
	 	 Payment of Principal, Premium and Interest
	  	 	69	  
	 Section 1002.
	 	 Maintenance of Office or Agency
	  	 	69	  
	 Section 1003.
	 	 Money for Securities Payments to Be Held in Trust
	  	 	70	  
	 Section 1004.
	 	 Additional Amounts
	  	 	71	  
	 Section 1005.
	 	 Statement by Officers as to Default
	  	 	73	  
	 Section 1006.
	 	 Existence
	  	 	73	  
	 Section 1007.
	 	 Payment of Taxes and Other Claims
	  	 	73	  
	 Section 1008.
	 	 Limitation on Liens
	  	 	73	  
	 Section 1009.
	 	 Limitation on Sale and Lease-Back Transactions
	  	 	77	  
	 Section 1010.
	 	 Waiver of Certain Covenants
	  	 	77	  

 ARTICLE ELEVEN 
 REDEMPTION OF SECURITIES 
  

							
	 Section 1101.
	 	 Applicability of Article
	  	 	78	  
	 Section 1102.
	 	 Election to Redeem; Notice to Trustee
	  	 	78	  
	 Section 1103.
	 	 Selection by Trustee of Securities to Be Redeemed
	  	 	78	  
	 Section 1104.
	 	 Notice of Redemption
	  	 	79	  
	 Section 1105.
	 	 Deposit of Redemption Price
	  	 	80	  
	 Section 1106.
	 	 Securities Payable on Redemption Date
	  	 	80	  
	 Section 1107.
	 	 Securities Redeemed in Part
	  	 	80	  
	 Section 1108.
	 	 Optional Redemption Due to Changes in Tax Treatment
	  	 	80	  

 ARTICLE TWELVE 
 SINKING FUNDS 
  

							
	 Section 1201.
	 	 Applicability of Article
	  	 	82	  
	 Section 1202.
	 	 Satisfaction of Sinking Fund Payments with Securities
	  	 	82	  
	 Section 1203.
	 	 Redemption of Securities for Sinking Fund
	  	 	82	  

 ARTICLE THIRTEEN 
 DEFEASANCE AND COVENANT DEFEASANCE 
  

					
	 Section 1301.
	 	 Option of Issuer or Guarantor to Effect Defeasance or Covenant Defeasance
	 	83
	 Section 1302.
	 	 Defeasance and Discharge
	 	83
	 Section 1303.
	 	 Covenant Defeasance
	 	83
	 Section 1304.
	 	 Conditions to Defeasance or Covenant Defeasance
	 	84

  
 NOTE:
This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

							
	 	 	 	  	Page	 
			
	 Section 1305.
	 	 Deposited Money and U.S. Government Obligations to Be Held in Trust;
	  			
		 	 Miscellaneous Provisions
	  	 	85	  
	 Section 1306.
	 	 Reinstatement
	  	 	86	  
		
	 SIGNATURES
	  			

  
 NOTE:
This table of contents shall not, for any purpose, be deemed to be a part of the Indenture. 

 INDENTURE, dated as of March 20, 2002, among CRH America, Inc., a corporation duly
organized and existing under the laws of the State of Delaware (the “Issuer”), having its principal office at 375 Northridge Road, Atlanta, Georgia 30350, CRH PLC, a public limited company duly organized and existing under the laws of the
Republic of Ireland (the “Guarantor”), having its principal office at Belgard Castle, Clondalkin, Dublin 22, Ireland, and JPMorgan Chase Bank, a banking corporation duly organized and existing under the laws of the State of New York, as
Trustee (herein called the “Trustee”). 
 RECITALS 

The Issuer has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its
unsecured debentures, notes or other evidences of indebtedness (herein called the “Securities”), to be issued in one or more series as in this Indenture provided. 
 The Guarantor has duly authorized the execution and delivery of this Indenture to provide for the Guarantees by it with respect to the Securities as set forth in this Indenture. 

All things necessary to make this Indenture a valid agreement of the Issuer and the Guarantor, in accordance with its terms, have been
done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of
Securities, as follows: 

  
 -1-

 ARTICLE ONE 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 101. Definitions.

 For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires:

 (1) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as
the singular; 
 (2) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference
therein, have the meanings assigned to them therein; 
 (3) all accounting terms not otherwise defined herein have the meanings
assigned to them in accordance with generally accepted accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted
hereunder shall mean such accounting principles as are generally accepted in the Republic of Ireland at the date of such computation and as applied by the Guarantor; and 
 (4) Unless the context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or a Section, as the case may be, of this Indenture; and 

(5) the words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Indenture
as a whole and not to any particular Article, Section or other subdivision. 
 “Act”, when used with respect to any
Holder, has the meaning specified in Section 104. 
 “Affiliate” of any specified Person means any other Person
directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to
direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. 
 “Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 614 to
act on behalf of the Trustee to authenticate Securities of one or more series. 
 “Authorized Newspaper” means a
newspaper, in the English language or in an official language of the country of publication, customarily published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in the place in
connection with which the term is used or in the financial community of such place. Where successive 

  
 -2-

 
publications are required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements
and in each case on any Business Day. 
 “Authorized Person” means any person authorized to act on behalf of the
Issuer in an action in writing by the member of the Issuer delivered to the Trustee; any certificate or other document to be executed and delivered by an “officer” of the Issuer may be executed and delivered by an Authorized Person on
behalf of the Issuer. 
 “Board of Directors”, when used with reference to the Issuer or the Guarantor, means the
board of directors of the Issuer or the Guarantor, as the case may be, or any committee of such board of the Issuer or the Guarantor, as the case may be, duly authorized to act for such board hereunder. 

“Board Resolution”, when used with reference to the Issuer or the Guarantor, means a copy of a resolution certified by any
member of the Board of Directors or the Secretary or the Assistant Secretary or any person duly appointed by the Board of Directors to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such
certification, and in each case delivered to the Trustee. 
 “Business Day”, when used with respect to any Place of
Payment or conversion or any other particular location referred to in the Indenture or in the Securities, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment or in New
York City are authorized or obligated by law or executive order to close. 
 “Commission” means the United States
Securities and Exchange Commission, as from time to time constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the
Trust Indenture Act, then the body performing such duties at such time. 
 “Consolidated Shareholders’ Funds”
shall mean, as of any date, an amount, without duplication, equal to the aggregate of: 
 (i) the amount of the capital of the
Guarantor for the time being issued, paid up or credited as paid up, plus 
 (ii) the amount standing to the credit of
the consolidated capital and revenue reserves, capital grants, deferred taxation and minority shareholders’ interests of the Guarantor but deducting the amount of repayable government grants, minus 

(iii) any revaluation upwards after the end of the Guarantor’s latest fiscal year preceding the issuance of a particular series of
Securities of plant and machinery, 
 all as determined in accordance with Irish GAAP as used in the Guarantor’s audited
financial statements for the latest fiscal year preceding the issuance of a particular series of Securities. 
 “Corporate
Trust Office” means the principal office of the Trustee at which at any time its corporate trust business shall be administered, which office at the date hereof is located at 450 West 

  
 -3-

 
33rd Street, 15th Floor, New York, NY 10001, or such other address as the Trustee may designate from time to time by notice to the Holders, the Issuer and the Guarantor, or the principal
corporate trust office of any successor Trustee (or such other address as a successor Trustee may designate from time to time by notice to the Holders, the Issuer and the Guarantor). 

“Corporation” means a corporation, association, company, joint-stock company or business trust. 

“Covenant Defeasance” has the meaning specified in Section 1303. 

“Defaulted Interest” has the meaning specified in Section 307. 

“Defeasance” has the meaning specified in Section 1302. 

“Depositary” means, with respect to Securities of any series issuable or issued in whole or in part in the form of one or more
Global Securities, a clearing agency registered under the Exchange Act that is designated to act as Depositary for such Securities as contemplated by Section 301. 
 “ECGD” means the Export Credits Guarantee Department of the British Government. 
 “Event of Default” has the meaning specified in Section 501. 

“Exchange Act” means the United States Securities Exchange Act of 1934 and any statute successor thereto, in each case as
amended from time to time. 
 “Expiration Date” has the meaning specified in Section 104. 

“Global Security” means a Security that evidences all or part of the Securities of any series and bears the legend set forth in
Section 204 (or such legend as may be specified as contemplated by Section 301 for such Securities). 

“Guarantees” means any Guarantees of the Guarantor endorsed on Securities authenticated and delivered pursuant to this
Indenture and shall include the form of a Guarantee set forth in Section 206. 
 “Guarantor” means the Person
named as the “Guarantor” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Guarantor” shall mean such successor
Person. 
 “Holder” means a Person in whose name a Security is registered in the Security Register. 

“Indenture” means this instrument as originally executed and as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument, and any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a
part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture” shall also include the terms of particular series of Securities established as contemplated by Section 301. 

  
 -4-

 “Interest”, when used with respect to an Original Issue Discount Security which by
its terms bears interest only after Maturity, means interest payable after Maturity. 
 “Interest Payment Date”, when
used with respect to any Security, means the Stated Maturity or an installment of interest on such Security. 
 “Investment
Company Act” means the United States Investment Company Act of 1940 and any statute successor thereto, in each case as amended from time to time. 
 “Issuer” means the Person named as “Issuer” in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this
Indenture, and thereafter “Issuer” shall mean such successor Person. Issuer shall also mean any new issuer of Securities under this Indenture as contemplated by Section 901(1). 

“Lien” means any mortgage, lien, pledge, security, interest or other encumbrance. 

“Maturity”, when used with respect to any Security, means the date on which the principal of such Security or an installment of
principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 
 “Notice of Default” means a written notice of the kind specified in Sections 501(4) and 501(7). 
 “Officer’s Certificate” means a certificate signed by the Chairman of the Board (if an officer of the Issuer or the Guarantor, as the case may be), the President or a Vice President, the
Treasurer or an Assistant Treasurer, any director or the Secretary or the Assistant Secretary or any person duly appointed in a Board Resolution of the Issuer or the Guarantor, as the case may be, in each case delivered to the Trustee. The officer
signing an Officer’s Certificate given pursuant to Section 1005 shall be the principal executive, financial or accounting officer of the Issuer or the Guarantor, as the case may be. 

“Opinion of Counsel” means a written opinion of counsel, who may be counsel for the Issuer or the Guarantor, or other counsel
acceptable to the Trustee. 
 “Order” means a written request or order signed in the name of the Issuer or the
Guarantor by the Chairman of the Board (if an officer of the Issuer or the Guarantor, as the case may be), the President or a Vice President, the Treasurer or an Assistant Treasurer, any director or the Secretary or the Assistant Secretary or any
person duly appointed by the Board of Directors of the Issuer or the Guarantor, as the case may be, in each case delivered to the Trustee. 
 “Original Issue Discount Security” means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity
thereof pursuant to Section 502. 
 “Outstanding”, when used with respect to Securities, means, as of the date of
determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 (i) Securities
theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 

  
 -5-

 (ii) Securities for whose payment or redemption money in the necessary amount has been
theretofore deposited with the Trustee or any Paying Agent (other than the Issuer or the Guarantor) in trust or set aside and segregated in trust by the Issuer (if the Issuer or the Guarantor shall act as its own or their own Paying Agent) for the
Holders of such Securities; provided that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 

(iii) Securities as to which Defeasance has been effected pursuant to Section 1302; and 

(iv) Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a protected purchaser (as defined in
Article 8 of the Uniform Commercial Code) in whose hands such Securities are valid obligations of the Issuer; 
 provided,
however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given, made or taken any request, demand, authorization, direction, notice, consent, waiver or other action hereunder, as of
any date, (i) the principal amount of an Original Issue Discount Security that shall be deemed to be Outstanding shall be the amount of the principal thereof that would be due and payable as of such date upon acceleration of the Maturity
thereof pursuant to Section 502, (ii) if, as of such date, the principal amount payable at Stated Maturity of any Security is not determinable the principal amount of such Security that shall be deemed to be Outstanding shall be the amount
as specified or determined as contemplated by Section 301, (iii) the principal amount of a Security denominated in one or more foreign currencies or currency units which shall be deemed Outstanding, as of such date, shall be the U.S.
dollar equivalent, determined in the manner provided as contemplated by Section 301 of the principal amount (or, in the case of a Security described in (i) and (ii) above, of the amount determined as provided, as applicable, in these
clauses) of such Security, and (iv) Securities owned by the Issuer, the Guarantor or any other obligor upon the Securities or any Affiliate of the Issuer, the Guarantor or of such other obligor shall be disregarded and deemed not to be
Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or other action, only Securities which a Responsible Officer of the Trustee
knows to be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to
such Securities and that the pledgee is not the Issuer, the Guarantor or any other obligor upon the Securities or any Affiliate of the Issuer, the Guarantor or of such other obligor. 

“Paying Agent” means any Person authorized by the Issuer to pay the principal of or any premium or interest on any Securities
on its behalf. 

  
 -6-

 “Person” means any individual, corporation, partnership, joint venture, limited
liability company, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment”, when used with respect to the Securities of any series, means the place or places where the principal of and any premium and interest on the Securities of that series are
payable as specified as contemplated by Section 301. 
 “Predecessor Security” of any particular Security means
every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu
of a mutilated, destroyed, lost or stolen Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Property” of any Person means all types of real, personal, tangible, intangible or mixed property owned by such Person whether or not included in the most recent consolidated balance sheet of
such Person under Irish or United States generally accepted accounting principles, as appropriate. 
 “Redemption
Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 

“Regular Record Date” for the interest payable on any Interest Payment Date on the Securities of any series means the date
specified for that purpose as contemplated by Section 301. 
 “Responsible Officer”, when used with respect to
the Trustee, means any officer within the corporation trust department of the Trustee including the president, any vice president, the secretary, any assistant secretary, the treasurer, any assistant treasurer, the cashier, any assistant cashier,
any trust officer or assistant trust officer, the controller or any assistant controller or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with
respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 
 “Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture. 

“Securities Act” means the United States Securities Act of 1933 and any statute successor thereto, in each case as amended from
time to time. 
 “Security Register” and “Security Registrar” have the respective meanings specified in
Section 305. 
 “Special Record Date” for the payment of any Defaulted Interest means a date fixed by the Trustee
pursuant to Section 307. 

  
 -7-

 “Stated Maturity”, when used with respect to any Security or any installment of
principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of principal or interest is due and payable. 

“Subsidiary” means a corporation in respect of which more than 50% of the outstanding voting stock is at the time directly or
indirectly owned or controlled by the Guarantor or by one or more of its Subsidiaries, or by the Guarantor and one or more Subsidiaries. For the purposes of this definition, “voting stock” means stock which ordinarily has voting power for
the selection of directors, whether at all times or only so long as no senior class of stock has such voting power by reason of any contingency. 
 “Trust Indenture Act” means the United States Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed; provided, however, that in the event the
Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor Trustee
shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one such Person,
“Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 
 “United States” means the United States of America (including the States and the District of Columbia) and its possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa,
Wake Island and the Northern Mariana Islands). 
 “U.S. Government Obligation” has the meaning specified in
Section 1304. 
 Section 102. Compliance Certificates and Opinions. 

Upon any application or request by the Issuer or the Guarantor to the Trustee to take any action under any provision of this Indenture,
the Issuer or the Guarantor shall furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture Act. Each such certificate or opinion shall be given in the form of an Officer’s Certificate, if to be given by
an officer of the Issuer or the Guarantor, as applicable, or an Opinion of Counsel, if to be given by counsel, and shall comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 

Every certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (except for
certificates provided for in Section 1005) shall include: 
 (1) a statement that each individual signing such certificate
or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (2) a brief statement as to the
nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

  
 -8-

 (3) a statement that, in the opinion of each such individual, he has made such examination
or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 
 (4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 Section 103. Form of Documents Delivered to Trustee. 
 In any case
where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or
covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or
several documents. 
 Any certificate or opinion of an officer of the Issuer or the Guarantor, as applicable, may be based,
insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect
to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or
officers of the Issuer or the Guarantor, as applicable, stating that the information with respect to such factual matters is in the possession of the Issuer or the Guarantor, unless such counsel knows, or in the exercise of reasonable care should
know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any Person is
required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Section 104. Acts of Holders; Record Dates. 
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders may be embodied in and evidenced by
one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing, and, except as herein otherwise expressly provided, such action shall become effective when such instrument or
instruments are delivered to the Trustee and, where it is hereby expressly required, to the Issuer and the Guarantor. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the
“Act” of the Holders of Securities signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to
Section 601) conclusive in favor of the Trustee and the Issuer and the Guarantor, if made in the manner provided in this Section. 
 (b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer
authorized by law to take acknowledgments of deeds, certifying that the individual 

  
 -9-

 
signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or
affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee
deems sufficient. 
 (c) The Issuer and the Guarantor may set any day as a record date for the purpose of determining the
Holders of Outstanding Securities of any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of
Securities of such series, provided that the Issuer and the Guarantor may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or making of any notice, declaration, request or direction
referred to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date and no other Holders, shall be entitled to take the relevant action, whether or
not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of Outstanding
Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Issuer or the Guarantor from setting a new record date for any action for which a record date has previously been set pursuant to this
paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the
requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Issuer and the Guarantor, at their own expense, shall cause notice of
such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the relevant series in the manner set forth in Section 106. 

The Trustee may set any day as a record date for the purpose of determining the Holders of Outstanding Securities of any series entitled
to join in the giving or making of (i) any Notice of Default, (ii) any declaration of acceleration referred to in Section 502, (iii) any request to institute proceedings referred to in Section 507(2) or (iv) any
direction referred to in Section 512, in each case with respect to Securities of such series. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series on such record date and no other Holders,
shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the
applicable Expiration Date by Holders of the requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for any action
for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be
construed to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the
Trustee, at the expense of the Issuer and the Guarantor, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Issuer and the Guarantor in writing and to each Holder of
Securities of the relevant series in the manner set forth in Section 106. 

  
 -10-

 With respect to any record date set pursuant to this Section, the party hereto which sets
such record date may designate any day as the “Expiration Date” and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new
Expiration Date is given to the other party or parties hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 106, on or prior to the existing Expiration Date. Notwithstanding the
foregoing, no Expiration Date shall be later than the 180th day after the applicable record date and, if an Expiration Date is not designated with respect to any record date set pursuant to this Section, the party or parties hereto which set such
record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph. 

Without limiting the foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Security may do so
with regard to all or any part of the principal amount of such Security or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. 

(d) The ownership of Securities shall be proved by the Security Register. The principal amount and serial numbers of Securities held by
any Person, and the date of holding the same, shall be proved by the Security Register. 
 (e) Any request, demand,
authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Issuer or the Guarantor in reliance thereon, whether or not notation of such action is made upon such Security. 

Section 105. Notices, Etc., to Trustee, Issuer and Guarantor. 
 Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided for or permitted by this Indenture to be made upon, given or furnished to, or filed
with, 
 (1) the Trustee by any Holder or by the Issuer or the Guarantor shall be sufficient for every purpose hereunder if
made, given, furnished or filed in writing (or sent by facsimile and confirmed in writing) to or with the Trustee at its Corporate Trust Office, Attention: Institutional Trust Services, or 

(2) the Issuer or the Guarantor by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein
expressly provided) if in writing and mailed (or sent by facsimile and confirmed in writing), in the case of the Issuer, international air mail postage prepaid and addressed to its principal office specified in the first paragraph of this instrument
to the attention of its Secretary, or at any other address previously furnished in writing to the Trustee or such Holder by the Issuer for such purpose and, in the case of the Guarantor, international air mail postage prepaid and addressed to its
principal office specified in the first paragraph of this instrument to the attention of its Secretary, or at any other address previously furnished in writing to the Trustee or such Holder by the Guarantor for such purpose. 

  
 -11-

 Section 106. Notice to Holders; Waiver. 

Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein
expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date
(if any), prescribed for the giving of such notice; 
 In any case where notice to Holders is given by mail, neither the failure
to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other Holders. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval
of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
 Where this Indenture provides for
notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

Section 107. Language of Notices, Etc. 
 Any request, demand, authorization, direction, notice, consent or waiver required or permitted under this Indenture shall be in the English language, except that any published notice may be in an official
language of the country of publication. 
 Section 108. Conflict with Trust Indenture Act. 

If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act that is required under such Act to be a
part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to
apply to this Indenture as so modified or to be excluded, as the case may be. 
 Section 109. Effect of Headings and Table of
Contents. 
 The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect
the construction hereof. 

  
 -12-

 Section 110. Successors and Assigns. 

All covenants and agreements in this Indenture by the Issuer or the Guarantor shall bind their respective successors and assigns, whether
so expressed or not. 
 Section 111. Separability Clause. 
 In case any provision in this Indenture or in the Securities or the Guarantees shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not
in any way be affected or impaired thereby. 
 Section 112. Benefits of Indenture. 

Nothing in this Indenture, the Securities or the Guarantees, express or implied, shall give to any Person, other than the parties hereto
and their successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 113. Governing Law. 
 This Indenture and the Securities and the Guarantees shall be governed by and construed in accordance with the law of the State of New York without regard to principles of conflicts of laws. 

Section 114. Saturday, Sundays and Legal Holidays. 
 In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security or the last day on which Holders have the right to convert their Securities shall not be a Business Day at
any Place of Payment or conversion, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of any Security which specifically states that such provision shall apply in lieu of this Section)) payment
of interest or principal (and premium, if any) or conversion need not be made at such Place of Payment or conversion on such date, but may be made on the next succeeding Business Day at such Place of Payment or conversion with the same force and
effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity or on such last day for conversion. 

Section 115. Submission to Jurisdiction; Appointment of Agent for Service of Process. 

By the execution and delivery of this Indenture, the Guarantor hereby appoints CT Corporation System, 111 8th Avenue, New York, New York
10011, USA, as its agent upon which process may be served in any legal action or proceeding by the Trustee or by any Holder arising out of or relating to the Securities, the Guarantees or this Indenture (but for that purpose only), which may be
instituted in any Federal or State court in the Borough of Manhattan, the City of New York, and the Guarantor hereby irrevocably submits to the non-exclusive jurisdiction of any such court in respect of any such legal action or proceeding. Service
of process upon such agent at the address set forth above, as such address may be changed within the Borough of Manhattan, the City of New York, by written notice given by such agent to the Trustee, together with written notice of such service
mailed or delivered to the Guarantor addressed as provided by Section 105, shall be deemed in every respect effective service of process upon the Guarantor in any such legal action or proceeding. The Guarantor reserves the right to appoint
another Person selected in its discretion and 

  
 -13-

 
located or with an office in the Borough of Manhattan, the City of New York, as a successor agent, and upon acceptance of such appointment by such a successor, the appointment of the prior agent
shall terminate. The Guarantor further agrees to take any and all action, including the execution and filing of any and all such documents and instruments, as may be necessary to continue such designation and appointment of such agent or successor
in full force and effect until this Indenture has been satisfied or discharged in accordance with Article Four and Article Thirteen hereof. 

  
 -14-

 ARTICLE TWO 
 SECURITY AND GUARANTEE FORMS 
 Section 201. Forms Generally. 

The Securities of each series shall be in substantially the form set forth in this Article, or in such other form as shall be established
by or pursuant to a Board Resolution of the Issuer or in one or more indentures supplemental hereto, pursuant to Section 301 in each case with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary therefor or as may,
consistently herewith, be determined by the officers executing such Securities, as evidenced by their execution thereof. If the form of Securities of any series is established by action taken pursuant to a Board Resolution, a copy of an appropriate
record of such action shall be certified by any member of the Board of Directors or the Secretary or the Assistant Secretary of the Issuer delivered to the Trustee at or prior to the delivery of the Order contemplated by Section 303 for the
authentication and delivery of such Securities. 
 The Guarantees by the Guarantor to be endorsed on the Securities of each
series shall be in substantially the form set forth in Section 206, or in such other form as shall be established by or pursuant to a Board Resolution of the Guarantor, or in one or more indentures supplemental hereto, pursuant to
Section 301 in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture and may have such letters, numbers or other marks of identification and such legends or
endorsements placed thereon as may be required to comply with the rules of any securities exchange or Depositary therefor or as may, consistently herewith, be determined by the directors or officers delivering such Guarantees, all as evidenced by
such delivery. 
 The definitive Securities shall be printed, lithographed or engraved on steel engraved borders or may be
produced in any other manner, all as determined by the officers executing such Securities, as evidenced by their execution of such Securities. 

  
 -15-

 Section 202. Form of Face of Security. 
 [Insert any legend required by the Internal Revenue Code and the regulations thereunder.] 
 CRH AMERICA, INC. 
 [Title of Security] 

Payment of Principal [, Premium, if any,] 
 and Interest, Fully and Unconditionally Guaranteed by 
 CRH PLC 

 

			
	No.                     	 	$                    

 CRH America, Inc., a corporation duly organized and existing under the laws of the State of Delaware
(herein called the “Issuer”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                                        ,
or registered assigns, the principal sum of                      on
                     [if the Security is to bear interest prior to Maturity, insert —, and to pay interest thereon from
                          or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually in arrears on                      and
                     in each year] [annually in arrears on
                     in each year], commencing
                         , at the rate of     % per annum, until the principal hereof is
paid or made available for payment [if applicable, insert —, provided that any principal and premium, and any such installment of interest, which is overdue shall bear interest at the rate of     % per annum
(to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand.] The interest so payable, and
punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest, which shall be the              [or             ] (whether or not a Business Day)[,
as the case may be,] next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose
name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities
of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and
upon such notice as may be required by such exchange, all as more fully provided in said Indenture]. 
 [If the Security is
not to bear interest prior to Maturity, insert — The principal of this Security shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity, and in such case the
overdue principal of this Security and any overdue premium shall bear interest at the rate of     % per annum (to the extent that the payment of such interest shall be legally enforceable), from the date such amounts

  
 -16-

 
are due until they are paid or made available for payment. Interest on any overdue principal or premium shall be payable on demand. Any such interest on any overdue principal or premium which is
not so paid on demand shall bear interest at the rate of     % per annum (to the extent that the payment of such interest on interest shall be legally enforceable), from the date of such demand until the amount so demanded
is paid or made available for payment. Interest on any overdue interest shall be payable on demand.] [The Trustee shall act as Paying Agent with respect to the Securities of this series.] 

Payment of the principal of [(and premium, if any)] [if applicable, insert — and any such interest on] this Security will be
made at the office or agency of the Issuer maintained for that purpose in                     , in [such coin or currency of the United States
of America as at the time of payment is legal tender for payment of public and private debts] [If Security is not denominated and payable in United States dollars insert currency and method of payment] [if applicable, insert —;
provided, however, that at the option of the Issuer payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register]. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 All terms used in this Security which are defined in the
Indenture shall have the meanings assigned to them in the Indenture. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof, directly or through an Authenticating Agent, by manual signature of an authorized signatory, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory
for any purpose. 
 IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed manually or in facsimile.

 Dated: 
  

			
	CRH AMERICA, INC.
		
	By:	 	  

	Name:	 	
	Title	 	

  
 -17-

 Section 203. Form of Reverse of Security. 

This Security is one of a duly authorized issue of securities of the Issuer (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of              (herein called the “Indenture” which term shall have the meaning assigned to it in such
instrument), among the Issuer, CRH plc, a public limited company duly organized and existing under the laws of the Republic of Ireland (the “Guarantor”, which term includes any successor Person under the Indenture referred to herein), and
JPMorgan Chase Bank, a banking corporation duly organized and existing under the laws of the State of New York, as Trustee (herein called the “Trustee”, which term includes any other successor trustee under the Indenture), and reference is
hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Issuer, the Guarantor, the Trustee and the Holders of the Securities and of the terms upon which the Securities
are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof [limited in aggregate principal amount to U.S.$            ].

 [If applicable, insert — The Securities of this series are subject to redemption upon not less than 30 days’
notice by mail, [if applicable, insert — (1) on              in any year commencing with the year
             and ending with the year              through operation of the sinking fund for this series at a
Redemption Price equal to [insert formula for determining amount] (with the amount in excess of 100% of the principal amount being additional interest), and (2)] at any time [if applicable, insert — on or after
            ,            ], as a whole or in part, at the election of the Issuer, at the following Redemption
Prices (expressed as percentages of the principal amount): if redeemed [if applicable, insert — on or before             ,     %, and if
redeemed] during the 12-month period beginning              of the years indicated, 
  

							
	 Year
	 	Redemption
Price	 	Year	 	Redemption
Price

 and thereafter at a Redemption Price equal to     % of the principal amount, together in the case of any such redemption [if applicable, insert — (whether through
operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more
Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 
 [If applicable, insert — The Securities of this series are subject to redemption upon not less than 30 days’ notice by mail, (1) on
             in any year commencing with the year              and ending with the year
            , through operation of the sinking fund for this series at the Redemption Prices for redemption through operation of the sinking fund (expressed as percentages of the
principal amount) set forth in the table below, and (2) at any time [if applicable, insert — on or after
            ,        ], as a whole or in part, at the election of the Issuer, at the Redemption Prices for redemption otherwise than
through operation of the sinking fund (expressed as percentages of the principal amount, with the amount in excess of 100% of the principal amount being additional interest) set forth in the table below: if redeemed during the 12-month period
beginning              of the years indicated, 

  
 -18-

					
	 Year
	 	Redemption Price
For Redemption
Through Operation
of the Sinking Fund	 	Redemption Price For
Redemption Otherwise
Than Through Operation
of the Sinking
Fund

 and thereafter at a Redemption Price equal to     % of the principal amount, together in the
case of any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the
Holders of such Securities, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 

[If applicable, insert — Notwithstanding the foregoing, the Issuer may not, prior to
            , redeem any Securities of this series as contemplated by [if applicable, insert — Clause (2) of] the preceding paragraph as a part of, or in
anticipation of, any refunding operation by the application, directly or indirectly, of moneys borrowed having an interest cost to the Issuer (calculated in accordance with generally accepted financial practice) of less than
    % per annum.] 
 [If applicable, insert — The sinking fund for this series provides
for the redemption on              in each year beginning with the year              and ending with the year
             of [if applicable, insert — not less than U.S.$             (“mandatory sinking
fund”) and not more than] U.S.$             aggregate principal amount of Securities of this series. Securities of this series acquired or redeemed by the Issuer otherwise than
through [if applicable, insert — mandatory] sinking fund payments may be credited against subsequent [if applicable, insert — mandatory] sinking fund payments otherwise required to be made [if applicable, insert —
in the inverse order in which they become due].] 
 [If applicable, insert — The Securities may be redeemed at the
option of the Issuer or the Guarantor, in whole but not in part, upon not less than 30 nor more than 60 days’ notice given as provided in the Indenture, at any time at a Redemption Price equal to the principal amount thereof plus accrued
interest to the date fixed for redemption [if the Security is an Original Issue Discount Security, insert formula for determining amount]. If as a result of any change in or amendment to the laws or any regulations or rulings promulgated
thereunder of the jurisdiction (or of any political subdivision or taxing authority thereof or therein) in which the Guarantor is incorporated (or in the case of a successor Person to the Guarantor, of the jurisdiction in which such successor Person
is organized or any political subdivision or taxing authority thereof or therein) or any change in the official application or interpretation of such laws, regulations or rulings, or any change in the official application or interpretation of, or
any execution of or amendment to, any treaty or treaties affecting taxation to which such jurisdiction or such political subdivision or taxing authority (or such other jurisdiction or political subdivision or taxing authority) is a party, which
change, execution or amendment becomes effective on or after              (or, in the case of a successor Person to the Guarantor, the date on which such successor Person became such
pursuant to the applicable provision of the Indenture) (i) the Guarantor (or such successor Person) is or would be required to pay additional amounts with 

  
 -19-

 
respect to the Securities or the Guarantees, respectively, on the next succeeding Interest Payment Date as set forth below or in the Guarantees endorsed hereon or (ii) the Guarantor or any
Subsidiary of the Guarantor is or would be required to deduct or withhold tax on any payment to the Issuer to enable the Issuer to make any payment of principal or interest in respect of the Securities and, in each case, the payment of such
additional amounts in the case of (i) above or such deduction or withholding in the case of (ii) above cannot be avoided by the use of any reasonable measures available to the Issuer, the Guarantor or such Subsidiary.] 

[If applicable, insert — The Securities may also be redeemed in whole but not in part upon not less than 30 nor more than 60
days’ notice given as provided in the Indenture at any time at a Redemption Price equal to the principal amount thereof plus accrued interest to the date fixed for redemption [if the Security is an Original Issue Discount Security, insert
formula for determining amount], if the Person formed by a consolidation of the Guarantor or into which the Guarantor is merged or to which the Guarantor conveys, transfers or leases its properties and assets substantially as an entirety is
required to pay a Holder additional amounts in respect of any tax, assessment or governmental charge imposed on any such Holder or required to be withheld or deducted from any payment to such Holder as a consequence of such consolidation, merger,
conveyance, transfer or lease.] 
 [If applicable, insert — The Redemption Price of the Securities shall be equal to
the applicable percentage of the principal amount at Stated Maturity set forth below: 
  

			
	 If Redemption During the

12-Month Period Commencing
	 	Redemption
Price

 together with, in each case (except if the Redemption Date shall be a                     ), an
amount equal to the applicable Redemption Price multiplied by a fraction the numerator of which is the number of days from but not including the preceding
                     to and including the Redemption Date multiplied by the difference between the Redemption Price applicable during the 12
months beginning on the                      following the Redemption Date (or, in the case of a Redemption Date after
                    , 100%) and the Redemption Price applicable on the Redemption Date and the denominator of which is the total number of
days from but not including the                      preceding the Redemption Date to and including the next succeeding
                    . The Issuer will also pay to each eligible Holder, or make available for payment to each such Holder, on the Redemption
Date any additional amounts (as set forth [on the face hereof or] in the Guarantees endorsed hereon) resulting from the payment of such Redemption Price.] 
 [If applicable, insert — The Redemption Price of the Securities either in the event of certain changes in the tax treatment or in an event of default would include, in addition to the face
amount of the Security, an amount equal to the Original Issue Discount accrued since the issue date. Original Issue Discount (the difference between the Issue Price and the Principal Amount at Maturity of the Security), in the period during which a
Security remains outstanding, shall accrue at     % per annum, on a semi-annual bond equivalent basis using a 360-day year composed of twelve 30-day months, commencing on the Issue Date of this Security.] 

  
 -20-

 [If applicable, insert — Notice of redemption will be given by mail to Holders
of Securities, not less than 30 nor more than 60 days prior to the date fixed for redemption, all as provided in the Indenture.] 
 [If the Security is subject to redemption of any kind, insert — In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the
unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.] 
 [If applicable,
insert — The Indenture contains provisions for defeasance at any time of [the entire indebtedness of this Security] [or] [certain restrictive covenants and Events of Default with respect to this Security] [in each case] upon compliance with
certain conditions set forth in the Indenture.] 
 [If applicable, insert — Subject to and upon compliance with the
provisions of the Indenture, the Holder of this Security is entitled, at his option, at any time after                     , to convert this
Security into [Describe Securities and conversion mechanics].] 
 [If applicable, insert — In the event of
conversion of this Security in part only, a new Security or Securities of this series and of like tenor for the unconverted portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.] 

[If the Security is not an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of
this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 

[If the Security is an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this
series shall occur and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to — insert formula for
determining the amount. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal, premium and interest (in each case to the extent that the payment of such interest shall be
legally enforceable), all of the Issuer’s obligations in respect of the payment of the principal of and premium, if any, and interest, if any, on the Securities of this series shall terminate.] 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and
obligations of the Issuer and the Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer, the Guarantor and the Trustee with the consent of the Holders of a majority in
principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Issuer or the Guarantor with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Security shall be conclusive and binding upon 

  
 -21-

 
such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of
such consent or waiver is made upon this Security. 
 As set forth in, and subject to, the provisions of the Indenture, no
Holder of any Security of this series shall have any right to institute any proceeding with respect to the Indenture, the Guarantees endorsed hereon, this Security or for any remedy thereunder, unless such Holder shall have previously given the
Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request, and
offered reasonable indemnity, to the Trustee to institute such proceeding as trustee, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity; provided, however, that such limitations do not apply to a suit instituted
by the Holder hereof for the enforcement of payment of the principal [(and premium, if any)] or [any] interest on this Security on or after the respective due dates expressed herein [if applicable, insert — or to a suit instituted by the
Holder hereof for the enforcement of the right to convert this Security in accordance with the Indenture]. 
 No reference
herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the
times, place and rate, and in the coin or currency, herein prescribed. 
 The Securities of this series are issuable only in
registered form without coupons in denominations of [    ]              and any integral multiple thereof. As provided in the Indenture and subject to certain
limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.
As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the
Issuer in any place where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Issuer and the Security Registrar duly executed
by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees. 
 No service charge shall be made for any such registration of transfer or exchange, but the Issuer
may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior
to due presentment of this Security for registration of transfer, the Issuer, the Guarantor, the Trustee and any agent of the Issuer, the Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for
all purposes, whether or not this Security be overdue, and neither of the Issuer, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 

  
 -22-

 All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture. 
 The Indenture and the Securities shall be governed by and construed in accordance with
the laws of the State of New York without regard to principles of conflicts of laws. 
 Interest on this Security shall be
computed on the basis of a 360-day year of twelve 30- day months. 
 [Insert Form of Guarantee] 

Section 204. Form of Legend for Global Securities. 
 Unless otherwise specified as contemplated by Section 301 for the Securities evidenced thereby, every Global Security authenticated and delivered hereunder shall bear a legend in substantially the
following form: 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME
OF CEDE & CO. AS THE NOMINEE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO CRH AMERICA, INC. OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 Section 205. Form of Trustee’s Certificate of Authentication. 

The Trustee’s certificates of authentication shall be in substantially the following form: 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 JPMORGAN CHASE BANK

As Trustee

		
	By:	 	  

		 	Authorized Officer

  
 -23-

 Section 206. Guarantee by Guarantor; Form of Guarantee. 

The Guarantor by its execution of this Indenture hereby agrees with each Holder of a Security (other than any direct or indirect
Subsidiary of the Guarantor) of each series authenticated and delivered by the Trustee and with the Trustee on behalf of such Holder (other than any direct or indirect Subsidiary of the Guarantor), to be unconditionally bound by the terms and
provisions of the Guarantees set forth below or established pursuant to Section 201 and authorizes the Issuer, in the name and on behalf of the Guarantor, to confirm such Guarantees to the Holder (other than any direct or indirect Subsidiary of
the Guarantor) of each such Security by its execution and delivery of each such Security, with such Guarantees endorsed thereon, authenticated and delivered by the Trustee; provided, however, that if a series of Securities are to be
initially offered and sold to a direct or indirect Subsidiary of the Guarantor, the Officer’s Certificate delivered in respect of such series pursuant to Section 301 may state that the Securities of such series are not entitled to the
benefit of such Guarantees and such Guarantees shall not be endorsed thereon; provided, further, if such a Subsidiary (or another direct or indirect Subsidiary of the Guarantor) offers for resale (other than to another direct or
indirect Subsidiary of the Guarantor) any such Security acquired directly or indirectly from the Issuer under this Indenture, the Guarantor, acknowledging good and valuable consideration in connection with such a resale, by its execution of this
Indenture, further agrees with each Holder of any such Security of each series authenticated and delivered by the Trustee and with the Trustee on behalf of each such Holder to be unconditionally bound by the terms and provisions of the Guarantees
set forth below or established pursuant to Section 201 and will authorize the Issuer, pursuant to an additional Officer’s Certificate in the name and on behalf of the Guarantor, to confirm such Guarantees to the Holder of each such
Security at any time after its initial execution and delivery to a direct or indirect Subsidiary of the Guarantor. When delivered pursuant to the provisions of Section 303 hereof, Guarantees so set forth on the Securities (either at the time of
original issuance or at the time of resale by a direct or indirect Subsidiary of the Guarantor) shall bind the Guarantor notwithstanding the fact that the Guarantees do not bear the signature of the Guarantor. 

Guarantees to be endorsed on the Securities shall, subject to Section 201, be in substantially the form set forth below: 

GUARANTEE 

For value received, CRH plc, a public limited company duly organized and existing under the laws of the Republic of Ireland, having its
registered office at Belgard Castle, Clondalkin, Dublin 22, Ireland (herein called the “Guarantor”, which term includes any successor Person under the Indenture referred to in the Security upon which this Guarantee is endorsed), hereby
fully and unconditionally guarantees to the Holder of the Security upon which this Guarantee is endorsed and to the Trustee on behalf of each such Holder the due and punctual payment of the principal of, premium, if any, and interest on such
Security (including any additional amounts payable pursuant to section 1004 of the Indenture in respect thereof) and the due and punctual payment of the sinking fund or analogous payments referred to therein, if any, when and as the same shall
become due and payable (subject to any period of grace provided with respect thereto), whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, according to the terms thereof and of the Indenture referred to
therein. In case of the failure of CRH America, Inc., (the “Issuer”, which term includes any successor 

  
 -24-

 
Person under such Indenture), punctually to make any such payment of principal, premium, if any, or interest or any sinking fund or analogous payment, the Guarantor hereby agrees to cause any
such payment to be made punctually when and as the same shall become due and payable, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise, and as if such payment were made by the Issuer. 

[If not applicable delete — The Guarantor hereby further agrees, subject to the limitations and exceptions set forth below, that if
any deduction or withholding for any present or future taxes, assessments or other governmental charges of any jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Guarantor is incorporated shall at any
time be required by such jurisdiction (or any such political subdivision or taxing authority) in respect of any amounts to be paid by the Guarantor under this Guarantee, and unless otherwise specified in any Board Resolution of the Issuer or
Guarantor establishing the terms of a series of Securities in accordance with Section 301, then the Guarantor will pay to the Holder of a Security such additional amounts of interest as may be necessary in order that the net amounts paid to a
Holder of such Security who, with respect to any such tax, assessment, or other governmental charge, is not resident in such jurisdiction, after such deduction or withholding, shall be not less than the amounts specified in such Security to which
such Holder is entitled; provided, however, that the Guarantor shall not be required to make any payment of additional amounts (i) for or on account of any such tax, assessment or governmental charge imposed by the United States
or any political subdivision or taxing authority thereof or therein or (ii) for or on account of: 
 (a) any tax,
assessment or other governmental charge which would not have been imposed but for (i) the existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of
a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without
limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a
permanent establishment therein or (ii) the presentation of a Security (where presentation is required) for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is
duly provided for, whichever occurs later; 
 (b) any estate, inheritance, gift, sale, transfer, personal property or similar
tax, assessment or other governmental charge; 
 (c) any tax, assessment, or other governmental charge which is payable
otherwise than by withholding from payments of (or in respect of) principal of, premium, if any, or any interest on, the Securities; 
 (d) any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure to comply by the Holder or the beneficial owner of a Security with a request of the Issuer or the
Guarantor addressed to the Holder (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other similar claim or satisfy any information or
reporting requirement, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part of such tax, assessment or
other governmental charge; 

  
 -25-

 (e) any withholding or deduction imposed on a payment to an individual which is required to
be made pursuant to any European Union Directive on the taxation of savings implementing the conclusions of ECOFIN Council meeting of November 26-27, 2000 or any law implementing or complying with, or introduced in order to conform to, such
Directive; 
 (f) any withholding or deduction required to be made with respect to a Security presented for payment by or on
behalf of a Holder of such Security who would have been able to avoid such withholding or deduction by presenting the relevant Security to another Paying Agent in a member state of the European Union; or 

(g) any combination of items (a), (b), (c), (d), (e) and (f); 
 nor shall additional amounts be paid with respect to any payment of the principal of, premium, if any, or interest on any Security to any Holder who is a fiduciary or partnership or other than the sole
beneficial owner of such payment to the extent such payment would be required by the laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or
settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to such additional amounts had it been the Holder of the Security.] 

The Guarantor hereby agrees that its obligations hereunder shall be as if it were principal debtor and not merely surety, and shall be
absolute, full and unconditional, and without limiting the generality of the foregoing, shall be unaffected by, any invalidity, irregularity or unenforceability of such Security or such Indenture, any failure to enforce the provisions of such
Security or such Indenture, or any waiver, modification or indulgence granted to the Issuer with respect thereto, by the Holder of such Security or the Trustee; provided, however, that, notwithstanding the foregoing, no such waiver,
modification or indulgence shall, without the consent of the Guarantor, increase the principal amount of such Security, or increase the interest rate thereon, or increase any premium payable upon redemption thereof, or alter the Stated Maturity
thereof, or increase the principal amount of any Original Issue Discount Security that would be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 502 of such Indenture. The Guarantor hereby waives
diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest or notice with respect to such Security or the
indebtedness evidenced thereby or with respect to any sinking fund or analogous payment required under such Security and all demands whatsoever, and covenants that this Guarantee will not be discharged except by payment in full of the principal of,
premium, if any, and interest on such Security. 
 The Guarantor shall be subrogated to all rights of the Holder of such
Security and the Trustee against the Issuer in respect of any amounts paid to such Holder by the Guarantor pursuant to the provisions of this Guarantee; provided, however, that the Guarantor shall not be entitled to enforce, or to
receive any payments arising out of or based upon such right of subrogation until the principal of, premium, if any, and interest on all Securities of the same series issued under such Indenture shall have been paid in full. 

  
 -26-

 No reference herein to such Indenture and no provision of this Guarantee or of such
Indenture shall alter or impair the guarantee of the Guarantor, which is absolute and unconditional, of the due and punctual payment of the principal of, premium, if any, and interest on, and any sinking fund or analogous payments with respect to,
the Security upon which this Guarantee is endorsed. 
 This Guarantee shall not be valid or obligatory for any purpose until the
certificate of authentication of such Security shall have been manually executed by or on behalf of the Trustee under such Indenture. 
 All terms used in this Guarantee which are defined in such Indenture shall have the meanings assigned to them in such Indenture. 
 The Guarantee shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be governed by and construed in accordance with the laws of the State of New
York. 
 Executed and dated the date on the face hereof. 

 

			
	 CRH PLC

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 -27-

 ARTICLE THREE 
 THE SECURITIES AND GUARANTEES 
 Section 301. Amount Unlimited; Issuable in Series.

 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited.

 The Securities may be issued in one or more series. The Issuer may, without the consent of the Holders, reopen any series of
Securities and issue additional Securities of each issued series having the same ranking and the same rate of interest, maturity and other terms as the issued series. There shall be established in or pursuant to a Board Resolution of the Issuer and
the Guarantor, as appropriate, and, subject to Section 303, set forth, or determined in the manner provided, in an Officer’s Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of
any series, 
 (1) the title of the Securities of the series (which shall distinguish the Securities of the
series from Securities of any other series); 
 (2) any limit upon the aggregate principal amount of the
Securities of the series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to
Section 304, 305, 306, 906 or 1107 and except for any Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder); 

(3) the Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name
that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 
 (4) the date or dates on which the principal of any Securities of the series is payable; 
 (5) the rate or rates at which the Securities of the series shall bear interest, if any, the date or dates from which any such interest shall accrue, the Interest Payment Dates on which any such interest
shall be payable and the Regular Record Date for any such interest payable on any Interest Payment Date; 
 (6)
the place or places where, subject to the provisions of Section 1002, the principal of and any premium and interest on any Securities of the series shall be payable, any Securities of the series may be surrendered for registration, transfer,
exchange or conversion and notices and demands to or upon the Issuer or the Guarantor in respect of the Securities of the series and this Indenture may be served; 

  
 -28-

 (7) the period or periods within which, the price or prices at which and the
terms and conditions upon which any Securities of the series may be redeemed, in whole or in part, at the option of the Issuer or the Guarantor (including the period referred to in Section 1108) and, if other than by a Board Resolution, the
manner in which any election by the Issuer to redeem the Securities shall be evidenced; 
 (8) other than with
respect to any redemption of Securities pursuant to Section 1108, the obligation, if any, of the Issuer to redeem or purchase any Securities of the series pursuant to any sinking fund or analogous provisions or at the option of the Holder
thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series shall be redeemed or purchased, in whole or in part, pursuant to such obligation; 

(9) the terms and conditions for conversion or exchange of Securities into preference shares of the Guarantor (including,
if applicable, the rights, preferences and privileges of such preference shares) or ordinary shares of the Guarantor, the terms of any additional redemption rights of the Issuer relating to such terms and conditions for conversion or exchange, and
whether any such preference shares or ordinary shares may be evidenced by American Depositary Receipts; 
 (10)
the terms of the guarantees by the Guarantor of conversion of the Securities of the series into securities of the Guarantor; 
 (11) if the Securities of the series shall be issuable in other than denominations of $1,000 and any integral multiple thereof; 

(12) the currency, currencies or currency units in which payment of the principal of and any premium and interest on any
Securities of the series shall be payable if other than the currency of the United States of America and the manner of determining the equivalent thereof in the currency of the United States of America for purposes of the definition of
“Outstanding” in Section 101; 
 (13) if the amount of principal of or any premium or interest on
any Securities of the series may be determined with reference to an index, or pursuant to a formula, the manner in which such amounts shall be determined; 
 (14) if the principal of or any premium or interest on any Securities of the series is to be payable, at the election of the Issuer, the Guarantor or a Holder thereof, in one or more currencies or
currency units other than that or those in which the Securities are stated to be 

  
 -29-

 
payable, the currency, currencies or currency units in which the principal of and any premium and interest on Securities of such series as to which such election is made shall be payable, and the
periods within which and the terms and conditions upon which such election is to be made and the amount so payable (or the manner in which such amount shall be determined); 

(15) if other than the entire principal amount thereof, the portion of the principal amount of Securities of the series
which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 502; 

(16) if additional amounts pursuant to Section 1004 will be payable by the Guarantor; 

(17) if the principal amount payable at the Stated Maturity of any Securities of the series will not be determinable as of
any one or more dates prior to the Stated Maturity, the amount which shall be deemed to be the principal amount of such Securities as of any such date for any other purpose hereunder or thereunder, including the principal amount thereof which shall
be due and payable upon any Maturity other than the Stated Maturity or which shall be deemed to be Outstanding as of any date prior to the stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal amount shall
be determined); 
 (18) if the Issuer may from time to time without the consent of the Holders create and issue
additional Securities of each issued series having the same terms and conditions in all respects (or in all respects except for the issue date, the first payment of interest thereon and/or issue price) as the issued series, so that such further
issue shall be consolidated and form a single series with the Outstanding Securities of any series or upon such terms as the Issuer may determine at the time of their issue; 

(19) the forms of the Securities of the series and the Guarantees to be endorsed thereon; 

(20) if applicable, that the Securities of the series, in whole or any specified part, shall be defeasible pursuant to
Section 1302 or Section 1303 or both such Sections and, if other than by a Board Resolution, the manner in which any election by the Issuer to defease such Securities shall be evidenced; 

(21) if applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more
Global Securities and, in such case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any such 

  
 -30-

 
Global Security in addition to or in lieu of that set forth in Section 204 and, if different from those set forth in Clause (2) of the last paragraph of Section 305, any
circumstances in which the Security may be registered in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof; 
 (22) any addition to or change in the Events of Default which applies to any Securities of the series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the
principal amount thereof due and payable pursuant to Section 502; 
 (23) any addition to or change in the
covenants set forth in Article Ten which applies to Securities of the series; and 
 (24) any other terms of the
series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 901(5)). 
 All Securities of any one series shall be substantially identical except as to denomination and except as may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to
Section 303) set forth, or determined in the manner provided, in the Officer’s Certificate referred to above or in any such indenture supplemental hereto. 
 If any of the terms of the series or the guarantees thereof are established by action taken pursuant to a Board Resolution of the Issuer or the Guarantor, a copy of an appropriate record of such action
shall be certified by any director, the Secretary or any person appointed by the Board of Directors of the Issuer or the Guarantor, as the case may be, each delivered to the Trustee at or prior to the delivery of the Officer’s Certificate
setting forth the terms of the series or the guarantees thereof. 
 Section 302. Denominations. 

The Securities of each series shall be issuable only in registered form without coupons and only in such denominations as shall be
specified, as contemplated by Section 301. In the absence of any such specified denomination with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of $1,000 and any integral multiple
thereof. 
 Section 303. Execution. Authentication, Delivery and Dating. 

The Securities shall be executed on behalf of the Issuer by any Authorized Person of the Issuer. The signature of any such Authorized
Person may be manual or facsimile. 
 Securities or Guarantees bearing the manual or facsimile signatures of individuals who
were at any time the proper officers or Authorized Persons of the Issuer or the Guarantor, as the case may be, shall bind the Issuer or the Guarantor, as the case may be, notwithstanding that such individuals or any of them have ceased to hold such
offices prior to the authentication and delivery of such Securities or Guarantees or did not hold such offices at the date of such Securities or Guarantees. 

  
 -31-

 At any time and from time to time after the execution and delivery of this Indenture, the
Issuer may deliver Securities of any series executed by the Issuer and if applicable, having endorsed thereon Guarantees of the Guarantor to the Trustee for authentication, together with an Order for the authentication and delivery of such
Securities and, if applicable, an Order from the Guarantor approving the delivery of the Guarantees endorsed thereon, and the Trustee in accordance with such Order shall authenticate and deliver such Securities having such Guarantees endorsed
thereon. 
 If the forms or terms of the Securities of the series and the Guarantees have been established by or pursuant to one
or more Board Resolutions as permitted by Sections 201 and 301, in authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities and Guarantees, the Trustee shall be entitled to
receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating, 
 (a) that such forms or terms have been established in conformity with the provisions of this Indenture; and 
 (b) that such Securities, and if applicable, Guarantees, when authenticated and delivered by the Trustee and issued by the Issuer and the Guarantor in the manner and subject to any conditions specified in
such Opinion of Counsel, will constitute valid and legally binding obligations of the Issuer and the Guarantor enforceable in accordance with their terms, subject to such exceptions as such counsel shall specify. 

If such form or terms have been so established, the Trustee shall not be required to authenticate such Securities if the issue of such
Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 

Notwithstanding the provisions of Section 301 and of the preceding paragraph, if all Securities of a series are not to be originally
issued at one time, it shall not be necessary to deliver the Officer’s Certificate otherwise required pursuant to Section 301 or the Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the
time of authentication of each Security of such series if such documents (with appropriate modifications) are delivered at or prior to the authentication upon original issuance of the first Security of such series to be issued and reasonably
contemplate the subsequent issuance of such Securities of such series. 
 Each Security shall be dated the date of its
authentication. 
 No Security, or any Guarantee affixed thereto shall be entitled to any benefit under this Indenture or be
valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein executed by 

  
 -32-

 
the Trustee by manual signature, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security and any Guarantee affixed thereto has been duly
authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the Issuer, and the Issuer shall deliver such Security to the Trustee for
cancellation as provided in Section 309, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

The delivery of any Security by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guarantee
endorsed thereon on behalf of the Guarantor; provided however, that a Guarantee shall not be deemed delivered if pursuant to Section 301 the Security is originally issued without a Guarantee; if the Guarantee is thereafter attached
pursuant to an Order of the Guarantor, then, the Guarantee shall be deemed delivered. The Trustee in accordance with the Orders shall deliver such Securities and Guarantee. 
 Section 304. Temporary Securities. 
 Pending the preparation of
definitive Securities of any series, the Issuer may execute, and upon Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the definitive Securities and, if applicable, having endorsed thereon Guarantees of the Guarantor substantially of the tenor of definitive Guarantees in lieu of which they are issued and with such
appropriate insertions, omissions, substitutions and other variations as the officers executing such Securities may determine, as evidenced by their execution of such Securities. 

If temporary Securities of any series are issued, the Issuer will cause definitive Securities of that series to be prepared without
unreasonable delay. After the preparation of definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at
the office or agency of the Issuer in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Issuer shall execute and the Trustee shall
authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of a like aggregate principal amount and tenor which have endorsed thereon the Guarantees of the Guarantor. Until
so exchanged, the temporary securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor. 
 Section 305. Registration. Registration of Transfer and Exchange. 
 The Issuer shall cause to be kept at the Corporate Trust Office of the Trustee a register (the register maintained in such office and in any other office or agency of the Issuer in a Place of Payment
being herein sometimes collectively referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Issuer shall provide for the 

  
 -33-

 
registration of Securities and of transfers of Securities. The Trustee is hereby appointed “Security Registrar” for the purpose of registering Securities and transfers of Securities as
herein provided. 
 Upon surrender for registration of transfer of any Security of any series at the office or agency of the
Issuer in a Place of Payment for that series, the Issuer shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series, of any authorized
denominations and of like tenor and aggregate principal amount, each such Security having endorsed thereon a Guarantee of the Guarantor. 
 At the option of the Holder, Securities of any series may be exchanged for other Securities of the same series, of any authorized denominations and of a like tenor and aggregate principal amount upon
surrender of the Securities to be exchanged at such office or agency. Whenever any Securities are so surrendered for exchange, the Issuer shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the
exchange is entitled to receive. 
 All Securities issued upon any registration of transfer or exchange of Securities and the
Guarantees endorsed thereon shall be the valid obligations of the Issuer and the Guarantor, evidencing the same debt and Guarantees, and entitled to the same benefits under this Indenture, as the Securities and Guarantees endorsed thereon
surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of
transfer or for exchange shall (if so required by the Issuer or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Issuer and the Security Registrar duly executed, by the Holder thereof
or his attorney duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange of
Securities, but the Issuer may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to
Section 304, 906 or 1107 not involving any transfer. 
 The Issuer shall not be required (i) to issue, register the
transfer of or exchange Securities of any series during a period beginning at the opening of business 15 days before the day of the mailing of a notice of redemption of Securities of that series selected for redemption under Section 1103 and
ending at the close of business on the day of such mailing, or (ii) to register the transfer of or exchange any Securities so selected for redemption, in whole or in part, except the unredeemed portion of any Securities being redeemed in part.

 The provisions of Clauses (1), (2), (3) and (4) below shall apply only to Global Securities: 

(1) Each Global Security authenticated under this Indenture shall be registered in the name of the Depositary designated
for such Global Security or a nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for all purposes of this Indenture. 

  
 -34-

 (2) Notwithstanding any other provision in this Indenture, no Global
Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a nominee thereof
unless (A) such Depositary (i) has notified the Issuer and the Guarantor that it is unwilling or unable to continue as Depositary for such Global Security or (ii) has ceased to be a clearing agency registered under the Exchange Act,
(B) there shall have occurred and be continuing an Event of Default with respect to such Global Security or (C) there shall exist such other circumstances, if any, in addition to or in lieu of the foregoing as have been specified for this
purpose as contemplated by Section 301. 
 (3) Subject to Clause (2) above, any exchange of a Global
Security for other Securities may be made in whole or in part, and all Securities issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct. 

(4) Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a
Global Security or any portion thereof, whether pursuant to this Section, Section 304, 306, 906 or 1107 or otherwise, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Security is registered in
the name of a Person other than the Depositary for such Global Security or a nominee thereof. 
 Section 306. Mutilated, Destroyed, Lost
and Stolen Securities. 
 If any mutilated Security is surrendered to the Trustee, the Issuer shall execute and the Trustee
shall authenticate and deliver in exchange therefor a new Security of the same series and of like tenor and principal amount having endorsed thereon a Guarantee and bearing a number not contemporaneously outstanding. 

If there shall be delivered to the Issuer, the Guarantor and the Trustee (i) evidence to their satisfaction of the destruction, loss or
theft of any Security and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Issuer, the Guarantor or the Trustee that such Security
has been acquired by a protected purchaser, the Issuer shall execute and the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and of like tenor and principal amount,
and, if applicable, having endorsed thereon a Guarantee and bearing a number not contemporaneously outstanding. 
 In case any
such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Issuer in its discretion may, instead of issuing a new Security, pay such Security. 

Upon the issuance of any new Security under this Section, the Issuer may require the payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

  
 -35-

 Every new Security of any series, if any, issued pursuant to this Section in lieu of any
destroyed, lost or stolen Security, shall constitute an original additional contractual obligation of the Issuer and, if applicable, the Guarantor, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone and
any such new Security shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder. 

The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities. 
 Section 307. Payment of Interest; Interest Rights
Preserved. 
 Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities,
interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of
business on the Regular Record Date for such interest and, at the option of the Issuer, may be paid by check mailed to the address of the Person as it appears in the Security Register. Interest on a Global Security will be paid to the holder thereof
by wire transfer of same-day funds. 
 Any interest on any Security of any series which is payable, but is not punctually paid
or duly provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest
shall be paid by the Issuer or the Guarantor, at its election in each case, as provided in Clause (1) or (2) below: 
 (1) The Issuer or the Guarantor may elect to make payment of any Defaulted Interest to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered
at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Issuer or the Guarantor shall notify the Trustee in writing of the amount of Defaulted Interest proposed
to be paid on each Security of such series and the date of the proposed payment, and at the same time the Issuer shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted
Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this
Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days
after the receipt by the Trustee of the notice of the proposed payment. 

  
 -36-

 
The Trustee shall promptly notify the Issuer and the Guarantor of such Special Record Date and, in the name and at the expense of the Issuer or the Guarantor, shall cause notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of Securities of such series in the manner set forth in Section 106, not less than 10 days prior to such Special Record Date. Notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities of such series (or their respective Predecessor Securities)
are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2). 
 (2) The Issuer or the Guarantor may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on
which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Issuer to the Trustee of the proposed payment pursuant to this Clause, such manner of payment shall be deemed practicable by
the Trustee. 
 Subject to the foregoing provisions of this Section and Section 305, each Security delivered under this
Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

Section 308. Persons Deemed Owners. 
 Prior to due presentment of a Security for registration of transfer, the Issuer, the Guarantor, the Trustee and any agent of the Issuer, the Guarantor or the Trustee may treat the Person in whose name
such Security is registered as the owner of such Security for the purpose of receiving payment of principal of and any premium and (subject to Section 307) any interest on such Security and for all other purposes whatsoever, whether or not such
Security be overdue, and neither the Issuer, the Guarantor, the Trustee nor any agent of the Issuer, the Guarantor or the Trustee shall be affected by notice to the contrary. 
 Section 309. Cancellation. 
 All Securities surrendered for payment,
redemption, registration of transfer or exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee and shall be promptly cancelled by it. The Issuer
or the Guarantor may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Issuer or the Guarantor may have acquired in any manner whatsoever, and may deliver to the Trustee (or
to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Issuer has not issued and sold, and all Securities so delivered shall be promptly canceled by the Trustee. No Securities
shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All canceled Securities held by the Trustee shall be disposed of as directed by an Order.

  
 -37-

 Section 310. Computation of Interest. 

Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series
shall be computed on the basis of a 360-day year of twelve 30-day months. 
 Section 311. CUSIP Numbers. 

The Issuer in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use
“CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained
in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. 

  
 -38-

 ARTICLE FOUR 
 SATISFACTION AND DISCHARGE 
 Section 401. Satisfaction and Discharge of
Indenture. 
 This Indenture shall upon Order of the Issuer cease to be of further effect (except as to any surviving
rights of registration of transfer or exchange or conversion of Securities herein expressly provided for, and the obligation of the Guarantor to pay any additional amounts as provided in Section 1004) and the Trustee, at the expense of the
Issuer, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when 
 (1) either

 (A) all Securities theretofore authenticated other than (i) Securities which have been destroyed, lost or
stolen and which have been replaced or paid as provided in Section 306 and (ii) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuer or the Guarantor and thereafter repaid
to the Issuer or the Guarantor, as the case may be, or discharged from trust, as provided in Section 1003) have been delivered to the Trustee for cancellation; or 

(B) all such Securities not theretofore delivered to the Trustee for cancellation 

(i) have become due and payable, or 

(ii) will become due and payable at their Stated Maturity within one year, or 

(iii) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of
notice of redemption by the Trustee in the name, and at the expense, of the Issuer, 
 and the Issuer or the Guarantor, in the
case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for the purpose money in an amount sufficient to pay and discharge the entire indebtedness on such Securities not
theretofore delivered to the Trustee for cancellation, for the principal amount of and any premium and interest payable on such Securities to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated
Maturity or Redemption Date, as the case may be; 
 (2) the Issuer or the Guarantor has paid or caused to be paid
all other sums payable hereunder by the Issuer; and 

  
 -39-

 (3) the Issuer has delivered to the Trustee an Officer’s Certificate
and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Issuer and the Guarantor to the Trustee under Section 607, the obligations of the Trustee to any
Authenticating Agent under Section 614 and, if money shall have been deposited with the Trustee pursuant to subclause (B) of Clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of
Section 1003 shall survive. 
 Section 402. Application of Trust Money. 

Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401
shall be held in trust (without liability for interest or investment) and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer or the
Guarantor acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money has been deposited with or received by the Trustee or to make
mandatory sinking fund payments or analogous payments as contemplated by Article Thirteen of this Indenture. 

  
 -40-

 ARTICLE FIVE 
 REMEDIES 
 Section 501. Events of Default. 

“Event of Default”, wherever used herein with respect to Securities of any series of the Issuer, means any one of the following
events with respect to the Issuer or the Guarantor (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any
order, rule or regulation of any administrative or governmental body): 
 (1) default in the payment of any
interest or payment of any additional amounts upon any Security of that series when it becomes due and payable, and continuance of such default for a period of 30 days; or 

(2) default in the payment of the principal of (or premium, if any, on) any Security of that series at its Maturity and
(if so established as contemplated by Section 301 in respect of that series), in the case of technical difficulties (as certified to the Trustee in an Officer’s Certificate delivered on such date of Maturity) only if such default persists
for a period of more than one day; or 
 (3) default in the deposit of any sinking fund payment, when and as due
by the terms of a Security of that series and continuance of such default for a period of 30 days or, if longer, beyond any period of grace provided with respect thereto; or 

(4) default in the performance, or breach, of any covenant or warranty of the Issuer or the Guarantor in this Indenture
with respect to the Securities of that series (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for
the benefit of series of Securities other than that series), and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified international air mail to the Issuer and the Guarantor by the
Trustee or to the Issuer, the Guarantor and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating
that such notice is a “Notice of Default” hereunder; or 
 (5) the entry by a court having jurisdiction
in the premises of (A) a decree or order for relief in respect of the Issuer or the Guarantor in an involuntary case or proceeding under any applicable United States Federal or State or Irish, as the case may be, bankruptcy, insolvency,
reorganization or other similar law or (B) a decree or order adjudging the Issuer or the Guarantor a bankrupt or insolvent, or approving as properly 

  
 -41-

 
filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Issuer or the Guarantor under any applicable United States Federal or State or Irish, as
the case may be, law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Issuer or the Guarantor or of any substantial part of its property, or ordering the winding up or liquidation of
its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 90 consecutive days; or 

(6) the commencement by the Issuer or the Guarantor of a voluntary case or proceeding under any applicable United States
Federal or State or Irish, as the case may be, bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for
relief in respect of the Issuer or the Guarantor in an involuntary case or proceeding under any applicable United States Federal or State or Irish, as the case may be, liquidation, bankruptcy, insolvency, reorganization or other similar law or to
the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable United States Federal or State or Irish, as the case may be,
law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Issuer or the Guarantor or of any
substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Issuer or
the Guarantor in furtherance of any such action; or 
 (7) any bond, debenture, note or other evidence of
indebtedness (in this subsection (7), a “Borrowing”), other than the Securities or Guarantees, of the Issuer or the Guarantor having an outstanding principal amount of at least U.S.$50,000,000 or its equivalent in any other currency or
currencies (the “specified amount”) having payment accelerated by reason of default by the Issuer or, as the case may be, the Guarantor in accordance with the terms relating to such Borrowing and steps being taken to obtain repayment
thereof, or, after any period of grace originally applicable, in relation to any Borrowings having an outstanding principal amount of at least the specified amount (i) the Issuer or the Guarantor defaulting in the payment, when due and called
upon, of any Borrowing of a principal amount of at least the specified amount or in the honoring of any guarantee or indemnity in respect of any Borrowing of a principal amount of at least the specified amount of others and steps being taken to
enforce the same or (ii) any mortgage, pledge or other charge granted by the Issuer or the Guarantor becoming enforceable and steps being taken to enforce the same; or 

  
 -42-

 (8) default in the conversion of any convertible Securities of that series
in accordance herewith, and continuance of such default for a period of 90 days after there has been given, by registered or certified mail to the Issuer and by registered or certified international air mail to the Guarantor by the Trustee or to the
Issuer, the Guarantor and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of that series a written notice specifying such default and requiring it to be remedied and stating that such notice is a
“Notice of Default” hereunder; or 
 (9) any other Event of Default established as contemplated by
Section 301 with respect to Securities of that series. 
 Section 502. Acceleration of Maturity: Rescission and
Annulment. 
 If an Event of Default (other than an Event of Default specified in Section 501(5) or
501(6)) with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare
the principal amount and any other amounts, including accrued interest, payable to the Holders to the extent such amounts are permitted by law to be paid (or, if any of the Securities of that series are Original Issue Discount Securities, such
portion of the principal amount of such Securities as may be specified in the terms thereof) of all of the Securities of such series to be due and payable immediately, by a notice in writing to the Issuer and the Guarantor (and to the Trustee if
given by Holders), and upon any such declaration such principal amount (or specified amount) and any interest accrued thereon shall become immediately due and payable on the date the written declaration is received. If an Event of Default specified
in Section 501(5) or 501(6) with respect to Securities of any series at the time outstanding hereof occurs, the principal amount of all the Securities of that series and any interest accrued thereon (or, if any Securities of that series are
Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms thereof) shall automatically, and without any declaration or other action on the part of the Trustee or any Holder, become
immediately due and payable. 
 At any time after such a declaration of acceleration with respect to Securities of any series
has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series, by
written notice to the Issuer, the Guarantor and the Trustee, may rescind and annul such declaration and its consequences if: 
 (1) the Issuer or the Guarantor has paid or deposited with the Trustee a sum sufficient to pay: 
 (A) all overdue interest on all Securities of that series, 

  
 -43-

 (B) the principal of (and premium, if any, on) any Securities of that series
which have become due otherwise than by such declaration of acceleration and any interest accrued thereon at the rate or rates prescribed therefor in such Securities, 

(C) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed
therefor in such Securities, and 
 (D) all sums paid or advanced by the Trustee hereunder and the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel; 
 and 

(2) all Events of Default with respect to Securities of that series, other than the non-payment of the principal of
Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 513. 
 No such rescission shall affect any subsequent default or impair any right consequent thereon. 

Section 503. Collection of Indebtedness and Suits for Enforcement by Trustee. 

The Issuer covenants that if 
 (1) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues for a period of 30 days, or 

(2) default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof (and,
in the case of technical difficulties only if the delay persists for a period of more than one day), 
 the Issuer will, upon demand of the
Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and any premium and interest and, to the extent that payment of such interest shall be legally enforceable,
interest on any overdue principal and premium and on any overdue interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of
collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and all amounts due the Trustee under Section 607. 

If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to
protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific 

enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

  
 -44-

 Section 504. Trustee May File Proofs of Claim. 

In case of any judicial proceeding relative to the Issuer, the Guarantor or any other obligor upon the Securities of a series and to the
property of the Issuer, the Guarantor or of such other obligor or their creditors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust Indenture Act in
order to have claims of the Holders and the Trustee allowed in any such proceeding. In particular, the Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the
same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 607. 
 No provision of this Indenture shall be deemed to authorize the Trustee to authorize or
consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any
Holder in any such proceeding; provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee.

 Section 505. Trustee May Enforce Claims Without Possession of Securities. 

All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the
possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall,
after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders in respect of which such judgment has been recovered. 

Section 506. Application of Money Collected. 
 Any money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of
principal or any premium or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

FIRST: To the payment of all amounts due to the Trustee under Section 607; 

  
 -45-

 SECOND: To the payment of the amounts then due and unpaid for principal of
and any premium and interest on the Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for
principal and any premium and interest, respectively; and 
 THIRD: To the payment of the balance, if any, to the
Issuer, the Guarantor, or any other Person or Persons legally entitled thereto. 
 Section 507. Limitation on Suits. 

No Holder of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this
Indenture, the Guarantees, the Securities or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (1) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of such series specifying such Event of Default and stating that such
notice is a “Notice of Default” hereunder; 
 (2) the Holders of not less than 25% in principal amount
of the Outstanding Securities of such series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 

(3) such Holder or Holders have offered to the Trustee reasonable indemnity against the costs, expenses and liabilities to
be incurred in compliance with such request; 
 (4) the Trustee for 60 days after its receipt of such notice,
request and offer of indemnity has failed to institute any such proceeding; and 
 (5) no direction inconsistent
with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series; 
 it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or
prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and
ratable benefit of all of such Holders. 

  
 -46-

 Section 508. Unconditional Right of Holders to Receive Principal. Premium and Interest.

 Notwithstanding any other provision in this Indenture, the Holder shall have the right, which is absolute and unconditional,
to receive payment of the principal of and any premium and (subject to Section 307) interest on such Security on the respective Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date) and
to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

Section 509. Restoration of Rights and Remedies. 
 If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined
adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Issuer, the Guarantor, the Trustee and the Holders shall be restored severally and respectively to their former positions
hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 Section 510. Rights and Remedies Cumulative. 
 Except as otherwise
provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in the last paragraph of Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of is intended to
be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 511. Delay or Omission Not Waiver. 
 No delay or omission of
the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by
this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 512. Control by Holders of Securities. 
 The Holders of a
majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on
the Trustee, with respect to the Securities of such series, provided that 
 (1) such direction shall not
be in conflict with any rule of law or with this Indenture, and 

  
 -47-

 (2) the Trustee may take any other action deemed proper by the Trustee which
is not inconsistent with such direction. 
 Section 513. Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of
all the Securities of such series waive any past default hereunder with respect to such series of the Issuer and its consequences, except a default 
 (1) in the payment of the principal of or any premium or interest on any Security of such series of the Issuer, or 
 (2) in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series affected. 

Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured,
for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 514. Undertaking for Costs. 
 In any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require any party
litigant in such suit to file an undertaking to pay the costs of such suit, and may assess reasonable costs against any such party litigant, in the manner and to the extent provided in the Trust Indenture Act; provided that neither this
Section nor the Trust Indenture Act shall be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Issuer or the Guarantor, to any suit instituted by the Trustee, to any suit
instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or
any premium or interest on any Security on or after the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date). 
 Section 515. Waiver of Usury. Stay or Extension Laws. 
 Each of the
Issuer and the Guarantor covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever
enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and each of the Issuer and the Guarantor (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage
of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

  
 -48-

 ARTICLE SIX 
 THE TRUSTEE 
 Section 601. Certain Duties and Responsibilities. 

The duties and responsibilities of the Trustee shall be as provided by the Trust Indenture Act. Notwithstanding the foregoing, no
provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have
reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. Whether or not therein expressly so provided, every provision of this Indenture relating to the
conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 

Section 602. Notice of Defaults. 
 If a default occurs hereunder with respect to Securities of any series, the Trustee shall give the Holders of Securities of such series notice of such default as and to the extent provided by the Trust
Indenture Act; provided, however, that in the case of any default of the character specified in Section 501(4) with respect to such Securities, no such notice to such Holders shall be given until at least 30 days after the
occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to Securities of such series. 

Section 603. Certain Rights of Trustee. 
 Subject to the provisions of Section 601: 
 (a) the Trustee
may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other
paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties, whether such paper or document be delivered in original or by facsimile; 

(b) any request or direction of the Issuer or the Guarantor mentioned herein shall be sufficiently evidenced by an Order
of the Issuer or the Guarantor, as the case may be, or any resolution of the Board of Directors of the Issuer or the Guarantor may be sufficiently evidenced by a copy of such Board Resolution; 

(c) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or
established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of negligence or bad faith on its part, rely upon an Officer’s Certificate;

  
 -49-

 (d) the Trustee may consult with counsel and the written advice of such
counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance
with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the
Issuer or the Guarantor, personally or by agent or attorney, provided that the Trustee shall not be entitled to such information which either the Issuer or the Guarantor is prevented from disclosing as a matter of law or contract; and

 (g) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 

(h) the Trustee shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and
reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture, provided, that, subject to Section 601 and this Section 603, no provision of this Indenture shall be
construed to relieve the Trustee for liability for its own negligent action, its own negligent failure to act or its own wilful misconduct. 
 (i) the Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of such Default or
Event of Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities. 

  
 -50-

 Section 604. Not Responsible for Recitals or Issuance of Securities. 

The recitals contained herein and in the Securities, except the Trustee’s certificates of authentication, shall be taken as the
statements of the Issuer or the Guarantor, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture of the
Securities or of the Guarantees. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Issuer of the Securities or the proceeds thereof. 
 Section 605. May Hold Securities. 
 The Trustee, any
Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of any of the Issuer or the Guarantor, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 608 and 613, may
otherwise deal with the Issuer and the Guarantor with the same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent. 
 Section 606. Money Held in Trust. 
 Money held by the Trustee in trust
hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on or investment of any money received by it hereunder except as otherwise agreed in writing with and for
the exclusive benefit of the Issuer or the Guarantor, as the case may be. 
 Section 607. Compensation and Reimbursement.

 Each of the Issuer and the Guarantor agrees: 

(1) to pay to the Trustee from time to time such reasonable compensation as shall be agreed from time to time for all
services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances reasonably incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except to the extent that
any such expense, disbursement or advance may be attributable to its negligence or bad faith; and 
 (3) to
indemnify the Trustee for, and to hold it harmless against, any loss, liability or expense arising out of or in connection with the acceptance or administration of the trust or trusts hereunder and the performance of its duties hereunder, including
the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent that any such loss, liability or expense may be attributable to
its negligence or bad faith. 

  
 -51-

 As security for the performance of the obligations of the Company and the Guarantor under
this Section 607, the Trustee shall have a lien prior to the Outstanding Securities of any series upon all property and funds held or collected by the Trustee as such, except property or funds held in trust for the benefit of the Holders of any
such Outstanding Securities. “Trustee” for purposes hereof includes any predecessor trustee, but the negligence or bad faith of any trustee shall not affect the rights of any other trustee hereunder. 

When the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 501(5) or
Section 501(6), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable federal or state bankruptcy, insolvency
or other similar law. 
 The provisions of this Section shall survive the resignation or removal of the Trustee and the
termination of this Indenture. 
 Section 608. Conflicting Interests. 

If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either
eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. For this purpose the Trustee shall not be deemed to have a conflicting interest by reason
of being Trustee under this Indenture with respect to Securities of any series and Trustee for the Securities of more than one series. 

Section 609. Corporate Trustee Required; Eligibility. 
 There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series of the Issuer which may be Trustee hereunder for Securities of one or more other series. Each
Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as such and has a combined capital and surplus of at least U.S.$50,000,000 and its Corporate Trust Office in the Borough of Manhattan, The City of New York, New
York. If any such Person publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture
Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series
shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article. 
 Section 610. Resignation and Removal; Appointment of Successor. 
 (a)
No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of
Section 611. 
 (b) The Trustee may resign at any time with respect to the Securities of one or more series of the Issuer
by giving not less than 90 days prior written notice thereof to the Issuer and the Guarantor. If the instrument of acceptance by a successor Trustee required by 

  
 -52-

 
Section 611 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction
for the appointment of a successor Trustee with respect to the Securities of such series. 
 (c) The Trustee may be removed at
any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to the Trustee, the Issuer and the Guarantor. 

(d) If at any time: 
 (1) the Trustee shall fail to comply with Section 608 after written request therefor by the Issuer or the Guarantor or by any Holder who has been a bona fide Holder of a Security for at least six
months, or 
 (2) the Trustee shall cease to be eligible under Section 609 and shall fail to resign after
written request therefor by the Issuer or the Guarantor or by any such Holder, or 
 (3) the Trustee shall become
incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of
rehabilitation, conservation or liquidation, 
 then, in any such case, (i) the Issuer by a Board Resolution may remove the Trustee with
respect to all Securities, or (ii) subject to Section 514, any Holder of a Security who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of
competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 
 (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series of the
Issuer, the Issuer, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such successor Trustee may be appointed with respect to the
Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall comply with the applicable requirements of Section 611. If, within one year
after such resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding
Securities of such series delivered to the Issuer and the Guarantor and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of
Section 611, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor Trustee appointed by the Issuer. If no successor Trustee with respect to the Securities of any series shall have
been so appointed by the Issuer or the Holders of such series and accepted appointment in the manner required by Section 611, any Holder who has been a bona fide Holder of such series for at least six months may, on behalf of himself and all
others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

  
 -53-

 (f) The Issuer shall give notice of each resignation and each removal of the Trustee with
respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided in Section 106. Each notice shall include the
name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 
 Section 611.
Acceptance of Appointment by Successor. 
 (a) In case of the appointment hereunder of a successor Trustee with respect to
all Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to each of the Issuer, the Guarantor and the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the
retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Issuer, the
Guarantor or the successor Trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign,
transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder. 
 (b) In case of
the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series of the Issuer, the Issuer, the Guarantor, the retiring Trustee and each successor Trustee with respect to the Securities of one or
more series of the Issuer shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and
confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the
retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities
of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or
facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall
be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring
Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to
the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Issuer and the Guarantor or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates. 

  
 -54-

 (c) Upon request of any such successor Trustee, the Issuer and the Guarantor shall execute
any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) and (b) of this Section, as the case may be. 

(d) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 Section 612. Merger, Conversion, Consolidation or Succession to Business. 

Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from
any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such
corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not
delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee
had itself authenticated such Securities. 
 Section 613. Preferential Collection of Claims Against the Issuer or the Guarantor.

 If and when the Trustee shall be or become a creditor of the Issuer or the Guarantor (or any other obligor upon the
Securities), the Trustee shall be subject to the provisions of Section 311 of the Trust Indenture Act, but only to the extent therein specified, regarding the collection of claims against the Issuer or the Guarantor (or any such other obligor).
For purposes of Section 311 (b)(4) and (6) of such Act, the following terms shall mean: 
 (a) “cash
transaction” means any transaction in which full payment for goods or securities sold is made within seven days after delivery of the goods or securities in currency or in checks or other orders drawn upon banks or bankers and payable upon
demand; and 
 (b) “self-liquidating paper” means any draft, bill of exchange, acceptance or obligation which is made,
drawn, negotiated or incurred by the Issuer or the Guarantor for the purpose of financing the purchase, processing, manufacturing, shipment, storage or sale of goods, wares or merchandise and which is secured by documents evidencing title to,
possession of, or a lien upon, the goods, wares or merchandise or the receivables or proceeds arising from the sale of the goods, wares or merchandise previously constituting the security, provided the security is received by the Trustee
simultaneously with the creation of the creditor relationship with the Issuer or the Guarantor arising from the making, drawing, negotiating or incurring of the draft, bill of exchange, acceptance or obligation. 

Section 614. Appointment of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to authenticate Securities of such
series issued upon original issue and upon exchange, registration 

  
 -55-

 
of transfer, partial conversion or partial redemption thereof or pursuant to Section 306, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be
valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the Trustee’s certificate of authentication,
such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent
shall be acceptable to the Issuer and the Guarantor and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to act
as Authenticating Agent, having a combined capital and surplus of not less than U.S.$50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually,
pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set
forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with
the effect specified in this Section. 
 Any corporation into which an Authenticating Agent may be merged or converted or with
which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an
Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the
Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and to
the Issuer and the Guarantor. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Issuer and the Guarantor. Upon receiving such a notice of resignation
or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the
Issuer and the Guarantor and shall give notice of such appointment in the manner provided in Section 106 to all Holders of Securities of the series with respect to which such Authenticating Agent will serve. Any successor Authenticating Agent
upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be
appointed unless eligible under the provisions of this Section. 
 The Company agrees to pay to each Authenticating Agent from
time to time reasonable compensation for its services under this Section. 

  
 -56-

 If an appointment with respect to one or more series is made pursuant to this Section, the
Securities of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication in the following form: 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 JPMORGAN CHASE BANK

As Trustee

		
	By	 	  

		 	As Authenticating Agent
		
	By	 	  

		 	Authorized Officer

 If all of the Securities of a series may not be originally issued at one time, and if the Trustee
does not have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Issuer wishes to have Securities of such series authenticated upon original issuance, the Trustee, if so requested by the
Issuer in writing (which writing need not comply with Section 102 and need not be accompanied by an Opinion of Counsel), shall appoint in accordance with this Section an Authenticating Agent having an office in a Place of Payment designated by
the Issuer with respect of such series of Securities. 

  
 -57-

 ARTICLE SEVEN 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE, ISSUER AND THE GUARANTOR 
 Section 701. The
Issuer and the Guarantor to Furnish Trustee Names and Addresses of Holders. 
 Each of the Issuer and the Guarantor will
furnish or cause to be furnished to the Trustee: 
 (a) semi-annually, not later than 15 days after each Regular
Record Date in each year, a list, in such form as the Trustee may reasonably require, containing all the information in the possession or control of the Issuer or the Guarantor, or any of the Issuer’s Paying Agents other than the Trustee, as to
the names and addresses of the Holders of the Issuer as of such Regular Record Date, and 
 (b) at such other
times as the Trustee may request in writing, within 30 days after the receipt by the Issuer or the Guarantor of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished;

 provided, however, that no such list need be furnished so long as the Trustee is serving as Security Registrar. 

Section 702. Preservation of Information: Communications to Holders. 
 (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in
Section 701 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 701 upon receipt of a new list so furnished.

 (b) The rights of the Holders to communicate with other Holders with respect to their rights under this Indenture or under
the Securities, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 

(c) Every Holder, by receiving and holding the same, agrees with the Issuer, the Guarantor and the Trustee that neither the Issuer, the
Guarantor, the Trustee nor any agent of any of them shall be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act or other applicable law. 

Section 703. Reports by the Trustee. 
 (a) The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner
provided pursuant thereto. Reports shall be dated as of May 15 of each year and shall be transmitted no later than 60 days following each May 15, commencing in May 15, 2002. 

  
 -58-

 (b) A copy of each such report shall, at the time of such transmission to Holders of
Securities, be filed by the Trustee with each stock exchange upon which any Securities are listed, with the Commission and with the Issuer and the Guarantor. The Issuer will notify the Trustee reasonably promptly when any Securities are listed on
any stock exchange. 
 Section 704. Reports by the Issuer and the Guarantor. 

Each of the Issuer and the Guarantor shall file with the Trustee and the Commission, and transmit to Holders, such information, documents
and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act at the times and in the manner provided pursuant to such Act; provided that any such information, documents or reports required to be filed
with the Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the Trustee within 15 days after the same is so required to be filed with the Commission. 
 Section 705. Calculation of Original Issue Discount. 
 If applicable,
the Issuer shall file with the Trustee promptly at the end of each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end
of such year and (ii) such other specific information relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 

  
 -59-

 ARTICLE EIGHT 
 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
 Section 801. The Issuer or the
Guarantor May Consolidate. Etc. Only on Certain Terms. 
 Neither the Issuer nor the Guarantor shall consolidate with or
merge (which term shall include, for the avoidance of doubt, a scheme of arrangement) into any other Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person, and neither the Issuer nor the Guarantor
shall permit any Person to consolidate with or merge into the Issuer or the Guarantor or convey, transfer or lease its properties and assets substantially as an entirety to the Issuer or the Guarantor, unless: 

(1) (i) in case the Issuer shall consolidate with or merge into another Person or convey, transfer or lease its properties
and assets substantially as an entirety to any Person, the Person formed by such consolidation or into which the Issuer is merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Issuer
substantially as an entirety shall be a corporation, partnership or trust, shall be duly organized and validly existing, under the laws of the United States, any State thereof, or the District of Columbia and (ii) in case the Guarantor shall
consolidate with or merge into another Person or convey, transfer or lease its properties and assets substantially as an entirety to any Person, the Person formed by such consolidation or into which the Guarantor is merged or the Person which
acquires by conveyance or transfer, or which leases, the properties and assets of the Guarantor substantially as an entirety, shall be a corporation, partnership or trust, shall be duly organized and validly existing, under the laws of the
applicable jurisdiction and such Person in either case (i) or (ii) above shall expressly assume, by an indenture supplemental hereto executed and delivered to the Trustee in form reasonably satisfactory to the Trustee, the due and punctual
payment of the principal of and any premium and interest (including all additional amounts, if any, payable pursuant to Section 1004 and subsection (3) below) on all the Securities and the performance or observance of every covenant of
this Indenture on the part of the Issuer to be performed or observed, and, in the case of the Guarantor, the due and punctual performance of the Guarantees (including all additional amounts, if any, payable pursuant to Section 1004 and
subsection (3) below) and the performance of every covenant of this Indenture on the part of the Guarantor to be performed or observed; 
 (2) immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Issuer or the Guarantor as a result of such transaction as having been incurred by
the Issuer or the Guarantor at the time of such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have happened and be continuing; 

  
 -60-

 (3) the Person formed by such consolidation or into which the Guarantor is
merged or to whom the Guarantor has conveyed, transferred or leased its properties or assets (if such Person is organized and validly existing under the laws of a jurisdiction other than the United States, any State thereof, or the District of
Columbia, or the Republic of Ireland) agrees to indemnify the Holder of each Security against (a) any tax, assessment or governmental charge imposed on any such Holder or required to be withheld or deducted from any payment to such Holder as a
consequence of such consolidation, merger, conveyance, transfer or lease; and (b) any costs or expenses of the act of such consolidation, merger, conveyance, transfer or lease; 

(4) if, as a result of any such consolidation or merger or such conveyance, transfer or lease, properties or assets of the
Issuer or the Guarantor would become subject to a mortgage, pledge, lien, security interest or other encumbrance which would not be permitted by this Indenture, the Issuer, the Guarantor or such successor Person, as the case may be, shall take such
steps as shall be necessary effectively to secure the Securities equally and ratably with (or prior to) all indebtedness secured thereby; and 
 (5) the Issuer or the Guarantor, as the case may be, has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance,
transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been
complied with. 
 Section 802. Successor Substituted. 
 Upon any consolidation of the Issuer or the Guarantor with, or merger of the Issuer or the Guarantor into, any other Person or any conveyance, transfer or lease of the properties and assets of the Issuer
or the Guarantor substantially as an entirety in accordance with Section 801, the successor Person formed by such consolidation or into which the Issuer or the Guarantor is merged or to which such conveyance, transfer or lease is made shall
succeed to, and be substituted for, and may exercise every right and power of, the Issuer or the Guarantor, as the case may be, under this Indenture with the same effect as if such successor Person had been named as the Issuer or the Guarantor
herein, as the case may be, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities. 

  
 -61-

 Section 803. Assumption by Guarantor or Subsidiary of Issuer’s Obligations. 

The Guarantor or any Subsidiary of the Guarantor may assume the obligations of the Issuer (or any Person which shall have previously
assumed the obligations of the Issuer) for the due and punctual payment of the principal of (and premium, if any), interest on and any other payments with respect to the Securities, for the due and punctual conversion of the Securities in accordance
with this Indenture and for the performance of every covenant of this Indenture and the Securities on the part of the Issuer to be performed or observed, provided that: 

(1) the Guarantor or such Subsidiary, as the case may be, shall expressly assume such obligations by an indenture
supplemental hereto, in form reasonably satisfactory to the Trustee, executed and delivered to the Trustee and if such Subsidiary assumes such obligations, the Guarantor shall, by such supplemental indenture, confirm that its Guarantees shall apply
to such Subsidiary’s obligations under the Securities and this Indenture, as modified by such supplemental indenture; 
 (2) the Guarantor or such Subsidiary, as the case may be, shall agree in such supplemental indenture, to the extent provided in the Securities and subject to the limitations and exceptions set forth
below, that if any deduction or withholding for any present or future taxes, assessments or other governmental charges of the jurisdiction (or any political subdivision or taxing authority thereof or therein) in which the Guarantor or such
Subsidiary is incorporated shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority) in respect of any amounts to be paid by the Guarantor or such Subsidiary, as the case may be, to a Holder, who,
with respect to any such taxes, assessments or other governmental charges, is not resident in such jurisdiction, the Guarantor or such Subsidiary, as the case may be, will pay to the Holder of a Security such additional amounts of interest as may be
necessary in order that the net amounts paid to the Holder of such Security, after such deduction or withholding, shall be not less than the amounts specified in such Security to which such Holder is entitled; provided, however, that
the Guarantor or Subsidiary, as the case may be, shall not be required to make any payment of additional amounts (i) for or on account of any such tax, assessment or other governmental charge imposed by the United States or any political
subdivision or taxing authority thereof or therein or (ii) for or on account of: 
 (a) any tax, assessment
or other governmental charge which would not have been imposed but for (i) the existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power
over, such Holder, if such Holder is an estate, trust, partnership or corporation) and the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction including, without limitation, such
Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent
establishment therein or (ii) the presentation of a Security (where presentation is required) for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly
provided for, whichever occurs later; 

  
 -62-

 (b) any estate, inheritance, gift, sale, transfer, personal property or
similar tax, assessment or other governmental charge; 
 (c) any tax, assessment or other governmental charge
which is payable otherwise than by withholding from payments of (or in respect of) principal of, premium, if any, or any interest on, the Securities; 
 (d) any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure to comply by the Holder or the beneficial owner of a Security with a request of the Issuer or the
Guarantor addressed to the Holder (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other similar claim or satisfy any information or
reporting requirement, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part of such tax, assessment or
other governmental charge; or 
 (e) any withholding or deduction imposed on a payment to an individual which is
required to be made pursuant to any European Union Directive on the taxation of savings implementing the conclusions of ECOFIN Council meeting of November 26-27, 2000 or any law implementing or complying with, or introduced in order to conform
to, such Directive; 
 (f) any withholding or deduction required to be made with respect to a Security presented
for payment by or on behalf of a Holder of such Security who would have been able to avoid such withholding or deduction by presenting the relevant Security to another Paying Agent in a member state of the European Union; or 

(g) any combination of items (a), (b), (c), (d), (e) or (f); 

nor shall additional amounts of interest be paid with respect to any payment of the principal of, premium, if any, or any interest on any
Security to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the laws of such jurisdiction (or any political subdivision or taxing authority thereof
or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to such additional amounts of interest had it
been the Holder. 
 (3) immediately after giving effect to such transaction, no Event of Default, and no event
which, after notice or lapse of time or both, would become an Event of Default, shall have occurred and be continuing; and 
 (4) the Guarantor or such Subsidiary, as the case may be, shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such assumption and such
supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

  
 -63-

 Upon any such assumption, the Guarantor or such Subsidiary shall succeed to, and be
substituted for, and may exercise every right and power of, the Issuer under this Indenture with the same effect as if the Guarantor or such Subsidiary had been named as an “Issuer” herein, and the Person named as an “Issuer” in
the first paragraph of this instrument or any successor Person which shall theretofore have become such in the manner prescribed in this Article shall be released from its liability as obligor upon the Securities. 

  
 -64-

 ARTICLE NINE 
 SUPPLEMENTAL INDENTURES 
 Section 901. Supplemental Indentures Without Consent of
Holders. 
 Without the consent of any Holders, the Issuer, when authorized by a Board Resolution, the Guarantor, when
authorized by a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(1) to evidence the succession of another Person to the Issuer or the Guarantor and the assumption by any such successor
of the covenants of the Issuer or the Guarantor herein and in the Securities or Guarantees or to add another Issuer to this Indenture for future issuances; or 
 (2) to add to the covenants of the Issuer or of the Guarantor for the benefit of the Holders of all or any series of Securities (and if such covenants are to be for the benefit of less than all series of
Securities, stating that such covenants are expressly being included solely for the benefit of such series) or to surrender any right or power herein conferred upon the Issuer or the Guarantor; or 

(3) to add any additional Events of Default for the benefit of the Holders of all or any series of Securities (and if such
additional Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Events of Default are expressly being included solely for the benefit of such series); or 

(4) to add to or change any of the provisions of this Indenture to such extent as shall be necessary to permit or
facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance of Securities in uncertificated form; or 

(5) to add to, change or eliminate any of the provisions of this Indenture in respect of one or more series of Securities,
provided that any such addition, change or elimination (i) shall neither (A) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor (B)
modify the rights of the Holder of any such Security with respect to such provision or (ii) shall become effective only when there is no such Security Outstanding; or 

(6) to add Guarantees to the Securities of any series to which the Guarantees shall not have already been attached; or

  
 -65-

 (7) to secure the Securities pursuant to Section 1008 or otherwise; or

 (8) to establish the form or terms of Securities of any series and the Guarantees thereof, each as permitted
by Sections 201 and 301; or 
 (9) to evidence and provide for the acceptance of appointment hereunder by a
successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 611(b); or 
 (10) to reduce the conversion price of the
Securities of any series other than pursuant to this Indenture; or 
 (11) to cure any ambiguity, to correct or
supplement any provision herein which may be defective or inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to
this clause (11) shall not adversely affect the interests of the Holders of Securities of any series in any material respect; or 
 (12) to make any other change that does not adversely affect the interests of the Holders of the Securities in any material respect; or 

(13) to amend this Indenture to conform to the provisions of the Trust Indenture Act as in effect at the time of the
execution of such supplemental indenture, or to permit the Trustee to comply with any duties imposed upon it by law. 
 Section 902.
Supplemental Indentures With Consent of Holders. 
 With the consent of the Holders of not less than a majority in
principal amount of the Outstanding Securities of each series affected by such supplemental indenture, by Act of said Holders delivered to the Issuer, the Guarantor and the Trustee, the Issuer, when authorized by a Board Resolution, the Guarantor,
when authorized by a Board Resolution, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of
modifying in any manner the rights of the Holders of Securities of such series under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected
thereby, 
 (1) change the Stated Maturity of the principal of, or any installment of principal of or interest
on, any Security, or reduce the principal amount thereof or the rate of interest thereon or any premium 

  
 -66-

 
payable upon the redemption thereof, or change any obligation of the Guarantor to pay additional amounts, or reduce the amount of the principal of an Original Issue Discount Security or any other
Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 502, or change any Place of Payment where, or the coin or currency in which, any Security or any premium or interest thereon
is payable, or modify or affect in any manner adverse to the interests of the Holders of Securities of any series the conversion rights of such Securities, or impair the right to institute suit for the enforcement of any such payment on or after the
Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date) or of any such right of conversion, or 
 (2) reduce the percentage in principal amount of the Outstanding Securities of any series, the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is
required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences) provided for in this Indenture, or 

(3) modify any of the provisions of this Section, Section 513 or Section 1010, except to increase any such
percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby, provided, however, that this clause shall not be
deemed to require the consent of any Holder of a Security with respect to changes in the references to “the Trustee” and concomitant changes in this Section and Section 1010, or the deletion of this proviso, in accordance with the
requirements of Sections 611(b) and 901(9), or 
 (4) modify or affect in any manner adverse to the interests of
the Holders the terms and conditions of the obligations of the Guarantor in respect of the due and punctual payment of the principal thereof (and premium, if any) and interest, if any, thereon or any sinking fund payments provided in respect thereof
or the obligations of the Guarantor in respect of any rights of conversion of any Securities. 
 A supplemental indenture which changes or
eliminates any covenant or other provision of this Indenture which has expressly been included solely for the benefit of one or more particular series of Securities, or which modifies the rights of the Holders of Securities of such series with
respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series. 
 It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the
substance thereof. 

  
 -67-

 Section 903. Execution of Supplemental Indentures. 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications
thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 601) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is
authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Section 904. Effect of Supplemental Indentures. 
 Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all
purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

Section 905. Conformity with Trust Indenture Act. 
 Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act. 
 Section 906. Reference in Securities to Supplemental Indentures. 

Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and
shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Issuer and the Guarantor shall so determine, new Securities of any series so modified as to
conform, in the opinion of the Trustee and the Issuer and the Guarantor, to any such supplemental indenture may be prepared and executed by the Issuer, the Guarantees of the Guarantor may be endorsed thereon and such Securities may be authenticated
and delivered by the Trustee in exchange for Outstanding Securities of such series. 

  
 -68-

 ARTICLE TEN 
 COVENANTS 
 Section 1001. Payment of Principal, Premium and Interest. 

The Issuer covenants and agrees for the benefit of the Holders of each series of Securities that it will duly and punctually pay the
principal of and any premium or interest on the Securities of that series in accordance with the terms of the Securities, and this Indenture. 

Section 1002. Maintenance of Office or Agency. 
 The Issuer will maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered for payment, where Securities of that
series may be surrendered for registration of transfer, exchange or conversion and where notices and demands to or upon the Issuer in respect of the Securities of that series and this Indenture may be served. 

The Guarantor will maintain in the Borough of Manhattan, The City of New York, an office or agency where notices and demands to or upon
the Guarantor in respect of Securities of any series, and this Indenture may be served. 
 The Issuer and the Guarantor will
give prompt written notice to the Trustee of the location, and any change in the location, of any such office or agency. If at any time the Issuer or the Guarantor shall fail to maintain any such required office or agency or shall fail to furnish
the Trustee with the address thereof, such presentations, surrenders, notices and demands to the Issuer or the Guarantor, as the case may be, may be made or served at the Corporate Trust Office of the Trustee, and the Issuer or the Guarantor, as the
case may be, hereby appoint the same as its agent to receive such presentations, surrenders, notices and demands. 
 The Issuer
may also from time to time designate one or more other offices or agencies where the Securities of one or more series of the Issuer may be presented or surrendered for any or all such purposes and may from time to time rescind such designations;
provided, however, that no such designation or rescission shall in any manner relieve the Issuer of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Issuer will
give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 
 The Guarantor may also from time to time designate one or more other offices or agencies where the Securities of one or more series to which its Guarantee applies may be presented or surrendered for any
or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Guarantor of its obligation to maintain an office or agency in
accordance with the requirements set forth above for Securities of any series for such purposes. The Guarantor will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other
office or agency. 

  
 -69-

 Section 1003. Money for Securities Payments to Be Held in Trust. 

If the Issuer or the Guarantor shall at any time act as its own Paying Agent with respect to any series of Securities, it will, on or
before each due date of the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and
interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 

Whenever the Issuer shall have one or more Paying Agents for any series of Securities, it will, prior to each due date of the principal
of or any premium or interest on any Securities of that series, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Issuer
will promptly notify the Trustee of its action or failure so to act. 
 The Issuer will cause each Paying Agent for any series
of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will (i) comply with the provisions
of the Trust Indenture Act applicable to it as a Paying Agent and (ii) during the continuance of any default by the Issuer or the Guarantor (or any other obligor upon the Securities of that series) in the making of any payment in respect of the
Securities of that series or any Guarantees, and upon written request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities of that series. 

The Issuer may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay,
or by Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Issuer or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Issuer or such Paying
Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 
 Any money deposited with the Trustee or any Paying Agent, or then held by the Issuer or the Guarantor, in trust for the payment of the principal of or any premium or interest on any Security of any series
and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Issuer on its Order, or (if then held by the Issuer or the Guarantor) shall be discharged from such trust; and the Holder
of such Security shall thereafter, as an unsecured general creditor, look only to the Issuer or the Guarantor for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the
Issuer or the Guarantor as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuer cause to be published once,
in an Authorized Newspaper in each Place of Payment, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of such money then
remaining will be repaid to the Issuer. 

  
 -70-

 Section 1004. Additional Amounts. 

Unless otherwise specified in any Board Resolution of the Issuer or Board Resolutions establishing the terms of Securities of a series or
the Guarantees relating thereto in accordance with Section 301, if any deduction or withholding for or on account of any present or future taxes, assessments or other governmental charges of whatever nature imposed by any jurisdiction (or any
political subdivision or taxing authority thereof or therein) in which the Guarantor is incorporated, shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority) in respect of any amounts to be paid by
the Guarantor of principal of or interest on a Security of any series, or by the Guarantor under the Guarantees, the Guarantor will pay to the Holder of a Security such additional amounts as may be necessary in order that the net amounts paid to the
Holder of such Security who, with respect to any such tax, assessment, or other governmental charge, is not resident in such jurisdiction, after such deduction or withholding, shall be not less than the amounts specified in such Security to which
such Holder is entitled; provided however, that the Guarantor shall not be required to make any payment of additional amounts (i) for or on account of any such tax, assessment or other governmental charge imposed by the United
States or any political subdivision or taxing authority thereof or therein or (ii) for or on account of: 

(a) any tax, assessment or other governmental charge which would not have been imposed but for (i) the existence of
any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and the taxing
jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having
been a citizen or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment therein or (ii) the presentation of a Security (where presentation is required) for
payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

(b) any estate, inheritance, gift, sale, transfer, personal property or similar tax, assessment or other governmental
charge; 
 (c) any tax, assessment, or other governmental charge which is payable otherwise than by withholding
from payments of (or in respect of) principal of, premium, if any, or any interest on, the Securities; 
 (d) any
tax, assessment or other governmental charge that is imposed or withheld by reason of the failure to comply by the Holder or the beneficial owner of a Security with a request of the Issuer or the Guarantor addressed to the Holder (i) to provide
information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or other similar claim or satisfy any information or reporting requirement, which, in the case of (i) or
(ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part of such tax, assessment or other governmental charge; 

  
 -71-

 (e) any withholding or deduction imposed on a payment to an individual which
is required to be made pursuant to any European Union Directive on the taxation of savings implementing the conclusions of ECOFIN Council meeting of November 26-27, 2000 or any law implementing or complying with, or introduced in order to
conform to, such Directive; 
 (f) any withholding or deduction required to be made with respect to a Security
presented for payment by or on behalf of a Holder of such Security who would have been able to avoid such withholding or deduction by presenting the relevant Security to another Paying Agent in a member state of the European Union; or 

(g) any combination of items (a), (b), (c), (d), (e) or (f); 
 nor shall additional amounts of interest be paid with respect to any payment of the principal of, premium, if any or any interest on any Security to any Holder who is a fiduciary or partnership or other
than the sole beneficial owner of such payment to the extent such payment would be required by the laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a
beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to such additional amounts of interest had it been the Holder of the Security. 

The foregoing provisions shall apply mutatis mutandis to any withholding or deduction for or on account of any present or future taxes,
assessments or governmental charges of whatever nature of any in which any successor Person to the Guarantor is organized, or any political subdivision or taxing authority thereof or therein; provided, further, however, that
such payment of additional amounts may be subject to such further exceptions as may be established in the terms of such Securities. Subject to the foregoing provisions, whenever in this Indenture there is mentioned, in any context, the payment of
the principal of or any premium or interest on, or in respect of, any Security of any series or the net proceeds received on the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of
additional amounts provided for in this Section to the extent that, in such context, additional amounts are, were or would be payable in respect thereof pursuant to the provisions of this Section and express mention of the payment of additional
amounts (if applicable) in any provisions hereof shall not be construed as excluding additional amounts in those provisions hereof where such express mention is not made. 
 If the terms of the Securities of a series provide for the payment of additional amounts, at least 10 days prior to the first Interest Payment Date with respect to that series of Securities (or if the
Securities of that series will not bear interest prior to Maturity, the first day on which a payment of principal and any premium is made), and at least 10 days prior to each date of payment of principal and any premium or interest if there has been
any change with respect to the matters set forth in the below-mentioned Officer’s Certificate, the Issuer will furnish the Trustee and the Issuer’s principal Paying Agent or Paying Agents, if other than the Trustee, with an Officer’s
Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal and any premium or interest on the Securities of that series shall be made to Holders of Securities of that series without withholding for
or on account of any tax, 

  
 -72-

 
assessment or other governmental charge described in the Securities of that series. If any such withholding shall be required, then such Officer’s Certificate shall specify by country the
amount, if any, required to be withheld on such payments to such Holders and the Issuer or the Guarantor, as the case may be, will pay to the Trustee or such Paying Agent or Paying Agents the additional amounts required by this Section. Each of the
Issuer and the Guarantor covenant to indemnify each of the Trustee and any Paying Agent for, and to hold each of them harmless against, any loss, liability or expense reasonably and properly on their part arising out of or in connection with actions
taken or omitted by any of them in reliance on any Officer’s Certificate furnished pursuant to this Section, except to the extent that any such loss, liability or expense is due to its own negligence or bad faith. 

Section 1005. Statement by Officers as to Default. 
 Each of the Guarantor and the Issuer of Outstanding Securities will deliver to the Trustee, within 120 days after the end of each fiscal year of the Guarantor ending after the date hereof, an
Officer’s Certificate, stating whether or not to the best knowledge of the signers thereof the Issuer or the Guarantor, as the case may be, is in default in the performance and observance of any of the terms, provisions and conditions of this
Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the Issuer or the Guarantor shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge.

 Section 1006. Existence. 
 Subject to Article Eight, the Issuer and the Guarantor each will do or cause to be done all things necessary to preserve and keep in full force and effect its existence, rights (charter and statutory) and
franchises; provided, however, that the Issuer and the Guarantor shall not be required to preserve any such right or franchise if its respective Board of Directors shall determine that the preservation thereof is no longer desirable in
the conduct of the business of the Issuer or the Guarantor, as the case may be, and that the loss thereof is not disadvantageous in any material respect to the Holders. 
 Section 1007. Payment of Taxes and Other Claims. 
 The Issuer and the
Guarantor each will pay or discharge or cause to be paid or discharged, before the same shall become delinquent, (1) all taxes, assessments and governmental charges levied or imposed upon the Issuer or the Guarantor or upon the income, profits
or property of the Issuer or the Guarantor and (2) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a Lien upon the property of the Issuer or the Guarantor; provided, however, that the
Issuer or the Guarantor, as the case shall be, shall not be required to pay or discharge or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by
appropriate proceedings. 
 Section 1008. Limitation on Liens. 

So long as any of the Securities of a particular series of Securities are Outstanding, the Guarantor and the Issuer shall not create or
permit to subsist any Lien on the whole or any part of 

  
 -73-

 
any of their respective Property (whether owned as of the date of this Indenture or thereafter acquired) to secure any present or future indebtedness for borrowed money, without effectively
providing that the Outstanding Securities (together with, if the Guarantor so determines, any other indebtedness or obligation of the Guarantor then existing or thereafter created that is not subordinate to the Securities) shall be secured equally
and ratably with (or, at the option of the Guarantor, prior to) such indebtedness for borrowed money, for so long as such indebtedness for borrowed money shall be so secured. The foregoing restrictions on Liens shall not, however, apply to:

 (1) any Lien subsisting on or prior to the date of original issue of such Securities; 

(2) any Lien securing indebtedness for borrowed money incurred for the purpose of financing all or any portion of the
costs of the acquisition, construction, development, modification or expansion of any Property (including costs such as escalation, interest during construction and financing and refinancing costs), provided that such Lien applies only to the
following (or rights or interests therein): (a) the property so acquired, constructed, developed, modified or expanded and any property incidental to the use of such property; (b) any inventories or other products or any revenue or profit
of or from such property; and (c) any shares or other ownership interest in, or any indebtedness of, any Person, substantially all of the assets of which consist of such property; 

(3) any Lien to secure indebtedness for borrowed money incurred in connection with a specifically identifiable project
where the Lien relates to a Property involved in such project, is acquired by the Issuer or the Guarantor after the date of original issue of such Securities and the recourse of the creditors in respect of such indebtedness is limited to
(a) such project and Property and any property incidental to the use of such property; (b) any inventories or other products or any revenue or profit of or from such property; and (c) any shares or other ownership interest in, or any
indebtedness of, any Person, substantially all of the assets of which consist of such property; 
 (4) any
statutory or contractual right of set-off, including rights of financial institutions to offset credit balances in connection with the operation of cash management programs established for the benefit of the Issuer or the Guarantor or in connection
with the issuance of letters of credit for the benefit of the Issuer or the Guarantor, any Lien created on compensating credit balances and any Lien created on amounts of a nature similar to such credit balances held in trust, in each case (other
than a statutory right of set-off) to the extent required by a financial institution as security for financing provided to the Issuer, the Guarantor or any direct or indirect Subsidiary of the Guarantor; 

(5) any Lien securing indebtedness of the Issuer or the Guarantor for borrowed money incurred in connection with the
financing of accounts receivable; 
 (6) any Lien incurred or deposits made in the ordinary course of business
not involving borrowed money, including, but not limited to, (a) any mechanics’, materialsmen’s, carriers’, workmen’s, vendors’ or other like Liens, (b) any Liens securing amounts in connection with workers’
compensation, unemployment insurance and other 

  
 -74-

 
types of social security, (c) any Liens provided for in equipment leases (including financial statements and undertakings to file financing statements) and (d) any easements,
rights-of-way, restrictions and other similar encumbrances and encumbrances consisting of zoning restrictions, leases, subleases, licenses, sublicenses, restrictions on the use of property or defects in title thereto; 

(7) any Lien upon specific items of inventory or other goods and proceeds of the Issuer or the Guarantor securing
obligations of the Issuer or the Guarantor, as the case may be, in respect of bankers’ acceptances issued or created for the account of such person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(8) any Lien incurred or deposits made securing the performance of tenders, bids, leases, trade contracts (other than for
borrowed money), statutory obligations, surety bonds, appeal bonds, government contracts, performance bonds, retum-of-money bonds and other obligations of like nature incurred in the ordinary course of business; 

(9) any Lien constituted by a right of set off or right over a margin call account or any form of cash or cash collateral
or any similar arrangement for obligations incurred in respect of the hedging or management of risks under transactions involving any currency or interest rate swap, cap or collar arrangements, forward exchange transaction, option, warrant, forward
rate agreement, futures contract or other derivative instrument of any kind; 
 (10) any Lien arising out of
title retention or like provisions in connection with the purchase of goods and equipment in the ordinary course of business; 
 (11) any Lien securing reimbursement obligations under letters of credit, guaranties and other forms of credit enhancement given in connection with the purchase of goods and equipment in the ordinary
course of business; 
 (12) Liens in favor of the Guarantor or any Subsidiary of the Guarantor; 

(13) any Lien over any Property which is acquired by the Issuer or the Guarantor subject to such Lien, provided such Lien
was not created in anticipation of such acquisition; 
 (14) any Lien required by any contract or applicable
laws, rules, regulations, or statues in order to permit the Issuer or the Guarantor to perform any contract or subcontract made by it with or at the request of a governmental entity or any department, agency or instrumentality thereof, or to secure
partial, progress, advance or any other payments by the Issuer or the Guarantor, as the case may be, to such governmental unit pursuant to the provisions of any contract or applicable laws, rules, regulations, or statutes; 

(15) any Lien securing industrial revenue, development, first mortgage bonds issued to secure other bonds, or similar
bonds issued by or for the benefit of the Issuer or the Guarantor; 

  
 -75-

 (16) any Lien securing liabilities under ECGD agreements (or similar forms
of credit) over sums due under any contract for the purchase, supply or installation of plant and/or machinery; 

(17) any Lien securing taxes or assessments or other applicable governmental charges or levies; 

(18) any Lien which arises pursuant to any order of attachment, distraint or similar legal process arising in connection
with court proceedings and any Lien which secures the reimbursement obligation for any bond obtained in connection with an appeal taken in any court proceeding, so long as the execution or other enforcement of such Lien arising pursuant to such
legal process is effectively stayed and the claims secured thereby are being contested in good faith and, if appropriate, by appropriate legal proceedings, or any Lien in favor of a plaintiff or defendant in any action before a court or tribunal as
security for costs and/or other expenses; 
 (19) any Lien arising by operation of law or by order of a court or
tribunal or any Lien arising by an agreement of similar effect, including but not limited to judgment Liens; and 

(20) any extension, renewal or replacement (or successive extensions, renewals or replacements), as a whole or in part, of
any Liens referred to in the foregoing clauses, for amounts not exceeding the principal amount of the indebtedness for borrowed money secured by the Lien so extended, renewed or replaced, provided that such extension, renewal or replacement Lien is
limited to all or a part of the same Property that were covered by the Lien extended, renewed or replaced (plus improvements on such Property). 
 Notwithstanding the foregoing, the Issuer and the Guarantor may create or permit to subsist Liens over any of their respective Property, so long as the aggregate amount of indebtedness for borrowed money
secured by all such Liens (excluding therefrom the amount of indebtedness secured by Liens set forth in clauses (1) through (20), inclusive, above) does not exceed 10% of the Consolidated Shareholders’ Funds of the Guarantor. 

Nothing herein shall restrict the ability of any Subsidiaries of the Guarantor (other than the Issuer) to incur indebtedness. 

  
 -76-

 Section 1009. Limitation on Sale and Lease-Back Transactions. 

So long as any of the Securities are Outstanding, the Guarantor and the Issuer shall not enter into any arrangement with any Person (not
including the Guarantor or any Subsidiary), or to which any such Person is a party, providing for the leasing by the Guarantor or the Issuer for a period including renewals in excess of three years of any Property which has been owned by the
Guarantor or the Issuer for more than 270 days and which has been or is to be sold or transferred by the Guarantor or the Issuer to such lender or investor or to any Person to whom funds have been or are to be advanced by such lender or investor on
the security of such Property (herein referred to as a “sale and leaseback transaction”). unless: 
 (1) the Guarantor
or the Issuer could create indebtedness secured by a Lien pursuant to Section 1008 on the Property to be leased back in an amount equal to the indebtedness attributable to such sale and leaseback transaction without equally and ratably securing
the Securities; or 
 (2) the Guarantor or the Issuer, within one year after the sale or transfer shall have been made by the
Guarantor or the Issuer, applies an amount equal to the greater of (i) the net proceeds of the sale of the Property sold and leased back pursuant to such arrangement and (ii) the fair market value of the Property so sold and leased back at the
time of entering into such arrangement (as determined by any two directors of the Guarantor) to (A) the retirement of any indebtedness for money borrowed, incurred or assumed by the Guarantor or the Issuer or (B) investment in any Property
of the Guarantor or the Issuer. 
 Nothing herein shall restrict the ability of any Subsidiaries of the Guarantor (other than
the Issuer) to enter into sale and leaseback transactions. 
 Section 1010. Waiver of Certain Covenants. 

Except as otherwise specified as contemplated by Section 301 for Securities of the series, the Issuer and the Guarantor may, with
respect to the Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in any covenant provided pursuant to Section 301(23), 901(2) or 901(8) for the benefit of the Holders of
Securities of such series or in either of Sections 1004, 1008 and 1009 or any term, provision or condition set forth in an indenture supplemental hereto, if before the time for such compliance the Holders of at least a majority in principal amount
of the Outstanding Securities of such series shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term,
provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Issuer and the Guarantor and the duties of the Trustee in respect of any such term, provision or condition shall
remain in full force and effect. 

  
 -77-

 ARTICLE ELEVEN 
 REDEMPTION OF SECURITIES 
 Section 1101. Applicability of Article. 

Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except
as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article. 
 Section 1102.
Election to Redeem; Notice to Trustee. 
 The election of the Issuer to redeem any Securities of any series or issuance
shall be evidenced by a Board Resolution of the Issuer. In case of any redemption at the election of the Issuer of all or less than all the Securities of any series (including any such redemption affecting only a single Security), the Issuer shall,
at least 60 days prior to the Redemption Date fixed by the Issuer (unless a shorter notice shall be reasonably satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such series to be
redeemed and, if applicable, of the tenor of the Securities to be redeemed. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this
Indenture the Issuer shall furnish the Trustee with an Officer’s Certificate evidencing compliance with such restriction. 

Section 1103. Selection by Trustee of Securities to Be Redeemed. 

If less than all the Securities of any series are to be redeemed (unless all of the Securities of such series and of a specified tenor are
to be redeemed or unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series
not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for redemption of a portion of the principal amount of Securities of such series, provided that the
unredeemed portion of the principal amount of any Security shall be in an authorized denomination which shall not be less than the minimum authorized denomination for such Security. If less than all of the Securities of such series and of a
specified tenor are to be redeemed (unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee, from the Outstanding Securities
of such series and specified tenor not previously called for redemption in accordance with the preceding sentence, and the Trustee shall promptly notify the Issuer in writing of the Securities selected for redemption and, in the case of any
Securities selected for partial redemption, the principal amounts thereof to be redeemed. 
 The provisions of the preceding
paragraph shall not apply with respect to any redemption affecting only a single Security, whether such Security is to be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed portion of the principal amount of the
Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. 

  
 -78-

 For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 

Section 1104. Notice of Redemption. 
 Notice of redemption shall be given in the manner provided in Section 106 to each Holder of Securities to be redeemed not less than 30 nor more than 60 days prior to the Redemption Date to each
Holder of Securities to be redeemed, at his or her address appearing in the Security Register. 
 All notices of redemption
shall state: 
 (1) the Redemption Date, 

(2) the Redemption Price, plus accrued interest, if any, 

(3) if less than all the Outstanding Securities of any series consisting of more than a single Security are to be
redeemed, the identification (and, in the case of partial redemption of any Securities, the principal amounts) of the particular Securities to be redeemed and if less than all the Outstanding Securities of any series consisting of a single. Security
are to be redeemed, the principal amount of the particular Security to be redeemed, 
 (4) that on the Redemption
Date the Redemption Price, plus accrued interest, if any, will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date, 

(5) the place or places where each such Security, is to be surrendered for payment of the Redemption Price, plus accrued
interest, if any, 
 (6) that the redemption is for a sinking fund, if such is the case, 

(7) the current conversion price and the date on which the right to convert such Securities or portions thereof will
expire, and 
 (8) the CUSIP number or numbers, if any, with respect to such Securities. 

Notice of redemption of Securities to be redeemed at the election of the Issuer shall be given by the Issuer or, at the Issuer’s
request, by the Trustee in the name and at the expense of the Issuer and shall be irrevocable. 

  
 -79-

 Section 1105. Deposit of Redemption Price. 

Prior to 10:00 am New York City time on any Redemption Date, the Issuer shall deposit with the Trustee or with a Paying Agent (or, if the
Issuer or the Guarantor is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment
Date) accrued interest on, all the Securities which are to be redeemed (other than those theretofore surrendered for conversion) on that date. 

Section 1106. Securities Payable on Redemption Date. 
 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after
such date (unless the Issuer shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with said notice, such Security
shall be paid by the Issuer at the Redemption Price, together with accrued interest to the Redemption Date; provided, however, unless otherwise specified as contemplated by Section 301, installments of interest on Securities whose
Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and
the provisions of Section 307. 
 If any Security called for redemption shall not be so paid upon surrender thereof for
redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
 Section 1107. Securities Redeemed in Part. 
 Any Security which is to
be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Issuer or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Issuer and the Trustee duly executed
by, the Holder thereof or his attorney duly authorized in writing), and the Issuer shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or Securities of the same series
and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 

Section 1108. Optional Redemption Due to Changes in Tax Treatment. 

Each series of Securities contained in one or more particular issues may be redeemed at the option of the Issuer or the Guarantor, in
whole but not in part, at any time (except in the case of Securities that have a variable rate of interest, which may be redeemed on any Interest Payment Date) at a Redemption Price equal to the principal amount thereof plus accrued interest to the
date fixed for redemption (except in the case of Outstanding Original Issue Discount Securities which may be redeemed at the Redemption Price specified by the terms of such series of Securities) if, as a result of any change in or amendment to the
laws or any regulations or rulings promulgated thereunder of the jurisdiction (or of any political subdivision 

  
 -80-

 
or taxing authority thereof or therein) in which the Guarantor is incorporated (or, in the case of a successor Person to the Guarantor, of the jurisdiction in which such successor Person is
organized or any political subdivision or taxing authority thereof or therein) or any change in the official application or interpretation of such laws, regulations or rulings, or any change in the official application or interpretation of, or any
execution of or amendment to, any treaty or treaties affecting taxation to which such jurisdiction or such political subdivision or taxing authority (or such other jurisdiction or political subdivision or taxing authority) is a party, which change,
execution or amendment becomes effective on or after the date specified for such series pursuant to the terms of the Security (or in the case of a successor Person to the Guarantor, the issue date on which such successor Person became such pursuant
to Sections 801 and 802 or in the case of an assumption by the Guarantor or its Subsidiary of obligations of the Issuer under the Securities pursuant to Section 803, the date of such assumption), (i) the Guarantor (or such successor
Person) is or would be required to pay additional amounts with respect to the Securities or the Guarantees, as the case may be, on the next succeeding Interest Payment Date as described in Section 206 or Section 1004 or (ii) the
Guarantor or any Subsidiary of the Guarantor is or would be required to deduct or withhold tax on any payment to the Issuer to enable the Issuer to make any payment of principal, premium, if any, or interest and, in each case, the payment of such
additional amounts in the case of (i) above or such deductions or withholding in the case of (ii) above cannot be avoided by the use of any reasonable measures available to the Issuer, the Guarantor or the Subsidiary. Prior to the giving
of notice of redemption of such Securities pursuant to this Indenture, the Issuer or the Guarantor (or such Subsidiary) will deliver to the Trustee an Officer’s Certificate, stating that the Issuer or the Guarantor (or such Subsidiary) is
entitled to effect such redemption and setting forth in reasonable detail a statement of circumstances showing that the conditions precedent to the right of the Issuer or the Guarantor (or such Subsidiary) to redeem such Securities pursuant to this
Section have been satisfied. 
 Further, if, pursuant to Section 801(3)(a) of this Indenture, a Person into which the
Guarantor is merged or to whom the Guarantor has conveyed, transferred or leased its properties or assets substantially as an entirety has been or would be required to pay any additional amounts as therein provided, each series of Securities may be
redeemed at the option of such Person in whole, but not in part, at any time (except in the case of Securities that have a variable rate of interest, which may be redeemed on any Interest Payment Date), at a redemption price equal to the principal
amount thereof plus accrued interest to the date fixed for redemption (except in the case of Outstanding Original Issue Discount Securities which may be redeemed at the Redemption Price specified by the terms of such series of Securities). Prior to
the giving of notice of redemption of such Securities pursuant to this Indenture, such Person shall deliver to the Trustee an Officer’s Certificate, stating that such Person is entitled to effect such redemption and setting forth in reasonable
detail a statement of circumstances showing that the conditions precedent to the right of such Person to redeem such Securities pursuant to this Section have been satisfied. 

  
 -81-

 ARTICLE TWELVE 
 SINKING FUNDS 
 Section 1201. Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series except as otherwise
specified as contemplated by Section 301 for Securities of such series. 
 The minimum amount of any sinking fund payment
provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to
as an “optional sinking fund payment”. If provided for by the terms of Securities, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the
redemption of Securities of any series as provided for by the terms of such Securities. 
 Section 1202. Satisfaction of Sinking Fund
Payments with Securities. 
 The Issuer (1) may deliver Outstanding Securities of a series (other than any
previously called for redemption) and (2) may apply as a credit Securities of a series which have been redeemed either at the election of the Issuer pursuant to the terms of such Securities or through the application of permitted optional
sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as
provided for by the terms of such Securities; provided that the Securities to be credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at the Redemption
Price, as specified in the Securities so to be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. 
 Section 1203. Redemption of Securities for Sinking Fund. 
 Not less
than 60 days prior to each sinking fund payment date for any Securities, the Issuer will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing sinking fund payment for such Securities pursuant to the terms of
such Securities, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting Securities of that series pursuant to Section 1202 and will also
deliver to the Trustee any Securities to be so delivered. Not less than 50 days prior to each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in
Section 1103 and cause notice of the redemption thereof to be given in the name of and at the expense of the Issuer in the manner provided in Section 1104. Such notice having been duly given, the redemption of such Securities shall be made
upon the terms and in the manner stated in Sections 1106 and 1107. 

  
 -82-

 ARTICLE THIRTEEN 
 DEFEASANCE AND COVENANT DEFEASANCE 
 Section 1301. Option of Issuer or Guarantor to Effect
Defeasance or Covenant Defeasance. 
 The Issuer or the Guarantor may elect, at its option at any time, to have
Section 1302 or Section 1303 applied to any Outstanding Securities or any series of Outstanding Securities of the Issuer or the Guarantor, as the case may be, designated pursuant to Section 301 as being defeasible pursuant to such
Section 1302 or 1303, in accordance with any applicable requirements provided pursuant to Section 301 and upon compliance with the conditions set forth below in this Article. Any such election shall be evidenced by a Board Resolution, as
the case may be, or in another manner specified as contemplated by Section 301 for such Securities. 
 Section 1302. Defeasance and
Discharge. 
 Upon the Issuer’s or the Guarantor’s exercise of its option (if any) to have this Section
applied to any Outstanding Securities or any series of Outstanding Securities, as the case may be, the Issuer or the Guarantor shall be deemed to have been discharged from their obligations with respect to such Securities as provided in this Section
on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called “Defeasance”). For this purpose, such Defeasance means that the Issuer and the Guarantor shall be deemed to have paid and discharged the
entire indebtedness represented by such Securities and to have satisfied all their other respective obligations under such Securities and this Indenture insofar as such Securities are concerned (and the Trustee, at the expense of the Issuer, shall
execute proper instruments acknowledging the same), subject to the following which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such Securities to receive, solely from the trust fund described
in Section 1304 and as more fully set forth in such Section, payments in respect of the principal of and any premium and interest on such Securities when payments are due, (2) the Issuer’s and the Guarantor’ obligations with
respect to such Securities under Sections 304, 305, 306, 1002 and 1003, (3) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (4) this Article. Subject to compliance with this Article, the Issuer or the
Guarantor may exercise its option (if any) to have this Section applied to any Securities notwithstanding the prior exercise of its option (if any) to have Section 1303 applied to such Securities. 

Section 1303. Covenant Defeasance. 
 Upon the Issuer’s or the Guarantor’s exercise of its option (if any) to have this Section applied to any Outstanding Securities or any series of Outstanding Securities, (1) the Issuer and
the Guarantor, as the case may be, shall be released from its obligations under Section 801, Sections 1008 and 1009, inclusive, and any covenants provided pursuant to Sections 301 or 901 for the benefit of the Holders of such Securities
(2) the occurrence of any event specified in Sections 501(4) (with respect to any obligation referred to in Clause (1) of this Section 1303) (and shall be deemed not to be or result in an Event of Default, in each case with respect to
such Securities as provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that, with respect
to such Securities, the Issuer and the Guarantor may omit to 

  
 -83-

 
comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified Section (to the extent so specified in the case of Section 501(4)),
whether directly or indirectly by reason of any reference elsewhere herein to any such Section or Article or by reason of any reference in any such Section or Article to any other provision herein or in any other document, but the remainder of this
Indenture and such Securities shall be unaffected thereby. 
 Section 1304. Conditions to Defeasance or Covenant Defeasance.

 The following shall be the conditions to the application of Section 1302 or Section 1303 to any Outstanding
Securities or any Outstanding series of Securities: 
 (1) The Issuer or the Guarantor shall irrevocably have deposited or
caused to be deposited with the Trustee (or another trustee which satisfies the requirements contemplated by Section 609 and agrees to comply with the provisions of this Article applicable to it) as trust funds in trust for the purpose of
making the following payments, specifically pledged as security for, and dedicated solely to, the benefits of the Holders of such Securities, (A) money in an amount, or (B) U.S. Government Obligations which through the scheduled payment of
principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (C) a combination thereof, in each case sufficient, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and
discharge, the principal of and any premium and interest on such Securities on the respective Stated Maturities, in accordance with the terms of this Indenture and such Securities. As used herein, “U.S. Government Obligation” means
(x) any security which is (i) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised
by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not
callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S. Government Obligation which is
specified in Clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held,
provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation
or the specific payment of principal or interest evidenced by such depositary receipt. 
 (2) In the event of an election to
have Section 1302 apply to any Outstanding Securities or any series of Outstanding Securities, the Issuer or the Guarantor shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Issuer has received from, or there
has been published by, the Internal Revenue Service a ruling or (B) since the date of this instrument, there has been a change in the applicable Federal income tax law, in either case (A) or (B) to the effect that, and based thereon
such opinion shall confirm that, the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Securities and will be subject
to Federal income tax on the same amount, in the same manner and at the same times as would be the case if such deposit, Defeasance and discharge were not to occur. 

  
 -84-

 (3) In the event of an election to have Section 1303 apply to any Securities
Outstanding or any series of Outstanding Securities, as the case may be, the Issuer or the Guarantor shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize gain or loss for
Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the same manner and at the same times as would be the case
if such deposit and Covenant Defeasance were not to occur. 
 (4) The Issuer or the Guarantor shall have delivered to the
Trustee an Officers’ Certificate to the effect that neither such Securities nor any other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 

(5) No event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities or any
other Securities shall have occurred and be continuing at the time of such deposit or, with regard to any such event specified in Sections 501(5) and (6), at any time on or prior to the 90th day after the date of such deposit (it being understood
that this condition shall not be deemed satisfied until after such 90th day). 
 (6) Such Defeasance or Covenant Defeasance
shall not cause the Trustee to have a conflicting interest within the meaning of the Trust Indenture Act (assuming all Securities are in default within the meaning of such Act). 

(7) Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any other
agreement or instrument to which the Issuer or the Guarantor are a party or by which they are bound. 
 (8) Such Defeasance or
Covenant Defeasance shall not result in the trust arising from such deposit constituting an investment company within the meaning of the Investment Company Act unless such trust shall be registered under such Act or exempt from registration
thereunder. 
 (9) The Issuer or the Guarantor shall have delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 

Section 1305. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions. 

Subject to the provisions of the last paragraph of Section 1003, all money and U.S. Government Obligations (including the proceeds
thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 1306, the Trustee and any such other trustee are referred to collectively as the “Trustee”) pursuant to Section 1304
in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through any such Paying

  
 -85-

 
Agent (including the Issuer or the Guarantor acting as their own Paying Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in
respect of principal and any premium and interest, but money so held in trust need not be segregated from other funds except to the extent required by law. 
 The Issuer or the Guarantor, as the case may be, shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant
to Section 1304 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of Outstanding Securities. 

Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the Issuer or the Guarantor from time to
time upon the Issuer’s or the Guarantor’s request any money or U.S. Government Obligations held by it as provided in Section 1304 with respect to any Securities which, in the opinion of a nationally recognized firm of independent
public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with
respect to such Securities. 
 Section 1306. Reinstatement. 

If the Trustee or the Paying Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason
of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the obligations under this Indenture and such Securities from which the Issuer or the Guarantor has been
discharged or released pursuant to Section 1302 or 1303 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to
apply all money held in trust pursuant to Section 1305 with respect to such Securities in accordance with this Article; provided, however, that if the Issuer makes any payment of principal of or any premium or interest on any such Security
following such reinstatement of its obligations, the Issuer shall be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the money so held in trust. 

*  *  *  *  * 

  
 -86-

 This instrument may be executed in any number of counterparts, each of which so executed
shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
  

 
 IN WITNESS
WHEREOF, the parties hereto have caused this Indenture to be duly executed on their respective behalf, all as of the day and year first above written. 

 

			
	CRH AMERICA, INC.
		
	By:	 	 /s/ Michael O’Driscoll

	Name:	 	Michael O’Driscoll
	Title:	 	Director

  

			
	CRH PLC
		
	By:	 	 /s/ Myles Lee

	Name:	 	Myles Lee
	Title:	 	General Manager-Finance

 
			
	JPMORGAN CHASE BANK
		
	By:	 	 /s/ CATHERINE F. DONOHUE

	Name:	 	CATHERINE F. DONOHUE
	Title:	 	VICE PRESIDENT

  

			
	Attest:
		
	By	 	 /s/ Kevin F. Binnie

	Name:	 	Kevin F. Binnie
	Title:	 	Vice PresidentEX-10.1

 Exhibit 10.1 
 AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 
 NEWTEK SMALL BUSINESS
FINANCE, INC. 
 (as Borrower) 
 and 
 CAPITAL ONE, NATIONAL ASSOCIATION 

(as Lender) 
 Dated as of July 16, 2013 

 List of Schedules 

 

			
	Schedule A	 	Ineligible Financed SBA Loans
		
	Schedule 1.1(a)	 	Indebtedness
		
	Schedule 1.1(b)	 	Liens
		
	Schedule 3.1(a)(xiv)	 	Commercial Tort Claims
		
	Schedule 5.1	 	Qualification Jurisdictions
		
	Schedule 5.2	 	Places of Business
		
	Schedule 5.3	 	Litigation
		
	Schedule 5.7	 	Tax ID Numbers/Organizational Numbers
		
	Schedule 5.9	 	Subsidiaries
		
	Schedule 5.10(b)	 	Leases
		
	Schedule 5.11(c)	 	ERISA Plans
		
	Schedule 5.13(a)	 	Names
		
	Schedule 5.13(b)	 	Certain Intellectual Property Matters
		
	Schedule 5.13(c)	 	Additional Intellectual Property Matters
		
	Schedule 5.14	 	Other Associations
		
	Schedule 5.15	 	Environmental Matters
		
	Schedule 5.17	 	Capital Stock
		
	Schedule 5.19	 	UCC Offices
		
	Schedule 5.21	 	Letter of Credit Rights
		
	Schedule 5.22	 	Deposit Accounts

  
 ii 

 This Amended and Restated Loan and Security Agreement (as the same may be amended, modified,
or restated from time to time, this “Agreement”) is dated this 16th day of July 2013 by and between NEWTEK SMALL BUSINESS FINANCE, INC., a New York corporation (“Borrower”), and CAPITAL ONE, NATIONAL ASSOCIATION
(“Lender”). 
 BACKGROUND 
 Capitalized terms used in this “BACKGROUND” section shall have the meanings assigned to those terms below in this Agreement. 

On December 15, 2010, Lender established in favor of Borrower a revolving credit facility for the purpose of financing a stated
percentage of SBA 7(a) Guaranteed Note Receivables. 
 On June 16, 2011, Lender established in favor of Borrower an
additional revolving credit facility for the purpose of financing a stated percentage of SBA 7(a) Non-Guaranteed Note Receivables. 
 The Guarantors executed and delivered in favor of the Lender guarantees of payment and performance or amended and restated guarantees of payment and performance, as applicable (collectively, the
“2011 Guarantees”), pursuant to which, among other things, the Guarantors each unconditionally guaranteed the prompt and unconditional payment of all of the Obligations, including the due and prompt performance of all of the terms,
agreements, covenants and conditions of all of the Loan Documents. 
 The Guarantors also executed and delivered in favor of the
Lender security agreements and amended and restated security agreements, as applicable, pursuant to which, among other things, the Guarantors each assigned and granted to the Lender a continuing Lien on, and security interest in, all of the
properties and assets (other than real property) of such Guarantor to secure the payment of the Obligations, including the due and prompt performance of all of the terms, agreements, covenants and conditions of all of the Loan Documents. 

Parent, Crystaltech and SBL executed and delivered in favor of the Lender amended and restated pledge agreements (collectively, the
“2011 Pledge Agreements”) pursuant to which, among other things, each has pledged, to secure prompt payment in full when due, and performance of, all obligations of each under its respective 2011 Pledge Agreement and its respective
2011 Guarantee, and of all Obligations, including the due and prompt performance of all of the terms, agreements, covenants and conditions of all of the Loan Documents, and granted to the Lender a first priority security interest in and to, certain
collateral including, without limitation, the following: (a) Parent pledged to the Lender all of the ownership interests owned by it in Borrower and the other Guarantors, (b) Crystaltech has pledged to the Lender all of the ownership
interests owned by it in CT Hosting, LLC, and (c) Small Business Lending, Inc. (“SBL”) has pledged to the Lender all of the ownership interests owned by it in CCC Real Estate Holding Co. LLC (“CCCRE”) and
Borrower. All stock and other ownership certificates representing all such ownership interests prior to the date hereof have been delivered to the Lender in order to perfect the first priority security interests and Liens granted to the Lender
therein. 

 Borrower and the Guarantors have requested that the Lender agree to certain amendments to
this Agreement, and the Lender is willing to do so upon the terms and subject to the conditions set forth herein. 
 NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 SECTION I. DEFINITIONS AND INTERPRETATION 
 1.1 Terms Defined.
As used in this Agreement, the following terms have the following respective meanings: 
 “Account” means all
of the “accounts” (as that term is defined in the UCC) of Borrower, whether now existing or hereafter arising. 

“ACH Transactions” means any cash management or related services including the automatic clearing house transfer of
funds by Lender for the account of Borrower pursuant to agreement or overdrafts. 
 “Administrative Fee” has
the meaning set forth in Section 2.7(b). 
 “Advance” means any extension of credit pursuant to this
Agreement; collectively, the “Advances”. 
 “Advances-Guaranteed Loans” means extensions of
credit pursuant to Section 2.1(a). 
 “Advances-Non-Guaranteed Loans” means extensions of credit pursuant
to Section 2.1(b). 
 “Affiliate” means, with respect to any Person, (a) any Person which, directly
or indirectly through one or more intermediaries controls, or is controlled by, or is under common control with, such Person, or (b) any Person who is a director or officer (i) of such Person, (ii) of any Subsidiary of such Person, or
(iii) any person described in clause (a) above. For purposes of this definition, control of a Person shall mean the power, direct or indirect, (x) to vote 5% or more of the Capital Stock having ordinary voting power for the election
of directors (or comparable equivalent) of such Person, or (y) to direct or cause the direction of the management and policies of such Person whether by contract or otherwise. Control may be by ownership, contract, or otherwise. 

“Approved Forms” means the forms of SBA 7(a) Note Receivable Documents, approved and used by Borrower in the conduct of
its business, together with such changes and modifications or additions thereto from time to time as allowed by this Agreement or as required by the SBA. 
 “Asset Sale” means the sale, transfer, lease, license or other disposition by Borrower, or by any Subsidiary of Borrower, to any Person other than Borrower, of any Property now owned, or
hereafter acquired, of any nature whatsoever in any transaction or series of related transactions. An Asset Sale includes, but is not limited to, a merger, consolidation, division, conversion, dissolution or liquidation. 

  
 2 

 “Authorized Officer” means any officer (or comparable equivalent) of
Borrower authorized by specific resolution of Borrower to request Advances or execute Compliance Certificates as set forth in the incumbency certificate referred to in Section 4.1(d) of this Agreement. 

“Availability” means, as of any date of determination: (a) with respect to Advances-Guaranteed Loans,
Availability—Guaranteed, and (b) with respect to Advances-Non-Guaranteed Loans, Availability-Non-Guaranteed. 

“Availability-Guaranteed” means, as of any date of determination, with respect to Advances-Guaranteed Loans, the amount
determined to be “Total net availability” determined from time to time in accordance with an appropriately completed Borrowing Base Certificate—Guaranteed in the form attached hereto as Exhibit A-1. 

“Availability—Non-Guaranteed” means, as of any date of determination, with respect to Advances-Non-Guaranteed
Loans, the amount determined to be “Total net availability” determined from time to time in accordance with an appropriately completed Borrowing Base Certificate—Guaranteed in the form attached hereto as Exhibit A-2.

 “Base Rate” means a variable per annum rate, as of any date of determination, equal to the rate of interest
publicly announced from time to time by Lender as its prime rate, which is a rate set by Lender based upon various factors including Lender’s costs and desired return, general economic conditions, and other factors, and is used as a reference
point for pricing some loans. However, Lender may price loans at, above, or below such announced rate and, accordingly, Borrower acknowledges that the Prime Rate may not necessarily be the lowest rate of interest charged by Lender to its customers.
Any changes in the Base Rate shall take effect on the day specified in the public announcement of such change. 
 “Base
Rate Margin” means (a) with respect to Advances-Guaranteed Loans and the other Obligations relating thereto, one percent (1.0%) per annum and (b) with respect to Advances-Non-Guaranteed Loans and the other Obligations
relating thereto, one and seven-eighths percent (1.875%). 
 “Blocked Account” has the meaning set forth in
Section 6.11. 
 “Blocked Account Agreement” means a blocked account agreement between Borrower and Lender
as required herein, as the same may be amended, modified, or restated from time to time. 
 “Borrowing
Base—Guaranteed” means, with regard to Advances—Guaranteed Loans, as of any date of determination by Lender from time to time, an amount equal to the lesser of: (a) $27,000,000, less any applicable Reserves,
or (b) the difference between (i) 90% of the aggregate outstanding principal amount of the SBA 7(a) Guaranteed Note Receivables related to Eligible SBA 7(a) Loans, less (ii) any applicable Reserves.

  
 3 

 “Borrowing Base—Non-Guaranteed” means, with respect to
Advances—Non-Guaranteed Loans, as of any date of determination by Lender from time to time, an amount equal to the lesser of: (a) $27,000,000, less any applicable Reserves, or (b) the difference between
(i) 55% (subject to adjustment by Lender in the exercise of its reasonable credit discretion) of the aggregate outstanding principal amount of the SBA 7(a) Non-Guaranteed Note Receivables related to Eligible SBA 7(a) Loans, less
(ii) any applicable Reserves. 
 “Borrowing Base Certificate” means a certificate, duly executed by an
Authorized Officer, appropriately completed and substantially in the form of Exhibit A-1 or Exhibit A-2 hereto, as applicable. 
 “Borrowing Notice” means a written notice to Lender requesting disbursement of an Advance hereunder. 
 “Business Day” means a day other than Saturday or Sunday or a national banking holiday when Lender is open for business in New York, New York. 

“Capitalized Lease Obligations” means any Indebtedness represented by obligations under a lease that is required to be
capitalized for financial reporting purposes in accordance with GAAP, consistently applied. 
 “Capital
Expenditures” means, for any period, the aggregate of all expenditures (including that portion of Capitalized Lease Obligations attributable to that period, which have not been financed) made in respect of the purchase, construction or
other acquisition of fixed or capital assets, determined in accordance with GAAP. 
 “Capital Stock” means any
and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all other ownership interests in a Person (other than a corporation) and any and all warrants or options to purchase any
of the foregoing. 
 “Cash Management System” has the meaning set forth in Section 2.4(b). 

“Casualty Proceeds” means (a) the aggregate insurance proceeds received in connection with one or more related
events under any insurance policy maintained by any Credit Party covering losses with respect to tangible real or personal property or improvements or losses from business interruption, or (b) any award or other compensation with respect to any
eminent domain, condemnation of property or similar proceedings (or any transfer or disposition of property in lieu of condemnation). 
 “CCCRE” means CCC Real Estate Holding Co. LLC, a Delaware limited liability company. 
 “Crystaltech” means Crystaltech Web Hosting, Inc., a New York corporation. 
 “Closing” has the meaning set forth in Section 4.2. 

“Closing Date” has the meaning set forth in Section 4.2. 

  
 4 

 “Collateral” means all of the Property and interests in Property described
in Section 3.1 of this Agreement and all other Property and interests in Property that now or hereafter secure payment of the Obligations and satisfaction by Borrower of all covenants and undertakings contained in this Agreement and the other
Loan Documents. 
 “Compliance Certificate” has the meaning set forth in Section 6.9. 

“Copyrights” means all copyrights, mask work rights, database rights and design rights arising under the Laws of the
United States, any other country or any political subdivision thereof, whether registered or unregistered and whether published or unpublished, all registrations and recordings thereof, and all applications in connection therewith, together
with all renewals, continuations, reversions and extensions thereof, including, without limitation, all registrations, recordings and applications in the United States Copyright Office, and the right to obtain all renewals, continuations, reversions
and extensions thereof. 
 “Copyright Licenses” means any written agreement naming Borrower as licensor or
licensee granting any right under any Copyright, including, without limitation, the grant of rights to manufacture, distribute, exploit and sell materials derived from any Copyright. 

“Credit Parties” means Parent, Borrower (and any subsidiaries of Borrower), and each Guarantor. 

“Default” means any event, act, condition or occurrence which with notice, or lapse of time or both, would constitute an
Event of Default hereunder. 
 “Default Rate” has the meaning set forth in Section 2.6(b). 

“Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security or other Capital Stock
into which it is convertible or for which it is exchangeable) or upon the happening of any event or condition, (a) matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise, (b) is redeemable at the option of
the holder thereof, in whole or in part, (c) provides for the scheduled payment of dividends in cash or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Capital Stock that would constitute Disqualified
Capital Stock, in each case, prior to the date that is 91 days after the Non-Guaranteed Term Loan Maturity Date. 

“Environmental Laws” means any and all Federal, foreign, state, local or municipal Laws, rules, orders, regulations,
statutes, ordinances, codes, decrees and any and all common Law requirements, rules and bases of liability regulating, relating to or imposing liability or standards of conduct concerning pollution, protection of the environment, or the impact of
pollutants, contaminants or toxic or hazardous substances on human health or the environment, as now or may at any time hereafter be in effect. 
 “EBITDA” means net income (loss) plus goodwill impairment (incurred prior to the date hereof), interest, taxes (or less tax benefit), depreciation and amortization determined in
accordance with GAAP. For purposes of determining the EBITDA for Parent together with its consolidated Subsidiaries, net income shall be reduced by the amount of income from tax credits, increased by the other than temporary decline in investments,
and reduced (if a gain) or increased 

  
 5 

 
(if a loss) by the net change in the fair market value of credits in lieu of cash and notes payable in credits in lieu of cash, shall exclude the effect of any minority interests, and shall
exclude the amount of any non-cash compensation expense in respect of stock-based compensation actually included in the determination of net income (loss) in accordance with GAAP. 

“Eligible SBA 7(a) Loan” means an SBA 7(a) Loan that is not an Ineligible SBA 7(a) Loan and does not violate any SBA
Rules and Regulations. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as the same may be
amended, from time to time. 
 “Event of Default” has the meaning set forth in Section 8.1. 

“Expenses” has the meaning set forth in Section 9.6. 

“FAS 166” means Statement of Financial Accounting Standards No. 166 Accounting for Transfers of Financial Assets an
amendment of FASB Statement No. 140 dated, June 2009. 
 “Financed Guaranteed Loans” means those Eligible
SBA 7(a) Loans extended by Borrower to SBA 7(a) Loan Obligors using the proceeds of Advances-Guaranteed Loans, which SBA 7(a) Loans constitute Collateral for the Loan, as specifically set forth in each Request for Advance delivered by Borrower to
Lender in accordance herewith. 
 “Financed Non-Guaranteed Loans” means those Eligible SBA 7(a) Loans extended
by Borrower to SBA 7(a) Loan Obligors using the proceeds of Advances—Non-Guaranteed Loans, which SBA 7(a) Loans constitute Collateral for the Loan, as specifically set forth in each Request for Advance delivered by Borrower to Lender in
accordance herewith. 
 “Fiscal Month” means a calendar month ending on the last day of such month. 

“Fiscal Quarter” means a calendar quarter ended March 31, June 30, September 30 and
December 31. 
 “Fiscal Year” means a calendar year ended December 31. 

“Fixed Charge Coverage Ratio” means, calculated for Parent together with its consolidated Subsidiaries, as of the end of
any calendar quarter, EBITDA for the previous four (4) Fiscal Quarters, less capital expenditures during the previous four (4) Fiscal Quarters, divided by the sum of the amounts paid during the previous four (4) Fiscal
Quarters for (a) scheduled payments of principal of long term debt, (b) interest (excluding interest to the extent recognized as interest expense on Parent’s financial statements in accordance with GAAP for the applicable four
(4) Fiscal Quarter period for which the Fixed Charge Coverage Ratio is being calculated solely in respect of the 2010 Newtek Securitization Notes), (c) dividends, and (d) treasury stock redemptions. For purposes of the foregoing,
during the twelve calendar month period commencing with the first full calendar month following the Non-Guaranteed Term Loan Conversion Date, item (a) in the denominator above will be increased by an amount equal to the first twelve monthly
installments of principal required to be paid by Borrower in respect of the 

  
 6 

 
Non-Guaranteed Term Loan (but without duplication of amounts during such period that shall actually be paid, and that are reflected in the calculation under such item (a) as paid, by
Borrower in respect of such installments). 
 “FIRREA” means the Federal Financial Institution Reform, Recovery
and Enforcement Act of 1989, as amended. 
 “FTA” means Colson Services Corp., as fiscal and transfer agent for
the SBA and as the SBA’s agent to hold the original SBA 7(a) Loan Notes pursuant to the Multi-Party Agreement, and as bailee for Lender for purposes of perfecting Lender’s security interest in the original SBA 7(a) Loan Notes pursuant to
the Multi-Party Agreement, or any other Person designated by the SBA or Lender, subject to the consent of the SBA in accordance with the terms of the Multi-Party Agreement to perform the same or similar function. 

“GAAP” means generally accepted accounting principles as in effect on the Closing Date applied in a manner consistent
with the most recent audited financial statements of Borrower furnished to Lender and described in Section 5.7 herein. 

“Governmental Authority” means any federal, state or local government or political subdivision, or any agency,
authority, bureau, central bank, commission, department or instrumentality of either, or any court, tribunal, grand jury, or arbitration. 
 “Guarantor” means each of: (a) Parent; (b) Small Business Lending, Inc., a Delaware corporation; (c) Crystaltech; (d) Universal Processing Services of Wisconsin LLC
(d/b/a Newtek Merchant Solutions), a New York limited liability company; (e) CCCRE; (f) Newtek Insurance Agency, LLC, (g) PMTWorks Payroll LLC; and (h) any other Person that is or becomes a wholly-owned Subsidiary of Borrower or
is required to become a Guarantor hereunder. 
 “Guarantor Security Agreement” means each amended and restated
guarantor security agreement to be executed by each Guarantor in favor of Lender on or prior to the Closing Date, as the same may be amended, modified, or restated from time to time, each to be in form and substance satisfactory to Lender.

 “Guaranty Agreement” means each guaranty agreement to be executed by each Guarantor in favor of Lender on or
prior to the Closing Date, as the same may be amended, modified, or restated from time to time, in form and substance satisfactory to Lender. 
 “Hazardous Substances” means any substances defined or designated as hazardous or toxic waste, hazardous or toxic material, hazardous or toxic substance or similar term, under any
Environmental Law. 
 “Hedging Agreements” means any Interest Hedging Instrument or any other interest rate
protection agreement, foreign currency exchange agreement, commodity purchase or option agreement, or any other interest rate hedging device or swap agreement (as defined in 11 U.S.C. § 101 et seq.). 

  
 7 

 “Indebtedness” means, with respect to any Person at any date, without
duplication: (a) all indebtedness of such Person for borrowed money (including with respect to Borrower, the Obligations) or for the deferred purchase price of property or services (other than current trade liabilities incurred in the ordinary
course of business and payable in accordance with customary practices); (b) any other indebtedness of such Person which is evidenced by a note, bond, debenture or similar instrument; (c) all Capitalized Lease Obligations of such Person;
(d) the face amount of all letters of credit issued for the account of such Person and all drafts drawn thereunder; (e) all obligations of other Persons which such Person has guaranteed; (f) Disqualified Stock; (g) all
Obligations of such Person under Hedging Agreements; and (h) all liabilities secured by any Lien on any property owned by such Person even though such Person has not assumed or otherwise become liable for the payment thereof. 

“Ineligible Financed SBA Loans” shall have the meaning set forth on Schedule A hereto. 

“Investments” means any investment in any Person, whether by means of acquiring (whether for cash, property, services,
securities or otherwise) or holding securities, capital contributions, acquiring all or any portion of the business or assets of any other Person, loans, evidence of Indebtedness, advances, guarantees or otherwise (other than, to the extent
applicable, current trade liabilities incurred in the ordinary course of business and payable in accordance with customary practices). 
 “Intellectual Property” means the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational or
foreign Laws or otherwise, including, without limitation, the Copyrights, the Copyright Licenses, the Patents, the Patent Licenses, the Trademarks and the Trademark Licenses, all trade secrets, all Internet domain names, and all rights to sue at law
or in equity for any past, present and future infringement, misappropriation, dilution, violation or other impairment thereof, including, without limitation, the right to receive all income, royalties, proceeds and damages therefrom, whether now or
hereafter due or payable. 
 “Interest Hedging Instrument” means any documentation evidencing any interest rate
swap, interest “cap” or “collar” or any other interest rate hedging device or swap agreement (as defined in 11 U.S.C. § 101 et seq.) between Borrower and Lender (or any Affiliate of Lender). 

“Interest Rate” means the Base Rate plus the applicable Base Rate Margin, subject to the applicability of the Default
Rate. 
 “Inventory” means all of the “inventory” (as that term is defined in the UCC) of Borrower,
whether now existing or hereafter acquired or created. 
 “IRS” means the Internal Revenue Service. 

“Laws” means any and all federal, state, local and foreign statutes, Laws, judicial decisions, regulations, guidances,
guidelines, ordinances, rules, judgments, orders, decrees, codes, plans, injunctions, permits, concessions, grants, franchises, governmental agreements and governmental restrictions, whether now or hereafter in effect. 

  
 8 

 “Lien” means any interest of any kind or nature in property securing an
obligation owed to, or a claim of any kind or nature in property by, a Person other than the owner of the Property, whether such interest is based on the common Law, statute, regulation or contract, and including, but not limited to, a security
interest or lien arising from a mortgage, encumbrance, pledge, conditional sale or trust receipt, a lease, consignment or bailment for security purposes, a trust, or an assignment. For the purposes of this Agreement, Borrower shall be deemed to be
the owner of any Property which it has acquired or holds subject to a conditional sale agreement or other arrangement pursuant to which title to the Property has been retained by or vested in some other Person for security purposes. 

“Loans” means, the aggregate outstanding balance of all Advances made hereunder; each, a “Loan.”

 “Loan Documents” means, collectively, this Agreement, the Note, the Guaranty Agreements, the Guarantor
Security Agreements, the Trademark Security Agreements, the Blocked Account Agreement, the Trust Account Agreement, the Multi-Party Agreement and all other agreements, instruments and documents executed or delivered in connection therewith, all as
may be as the same may be amended, modified, or restated from time to time. 
 “Material Adverse Effect” means
an occurrence or state of events which has resulted or could reasonably result in a material adverse effect upon (a) the business, assets, properties, financial condition, stockholders’ equity, contingent liabilities, prospects, material
agreements or results of operations of Borrower or any Guarantor, taken as a whole, or (b) Borrower’s or any Guarantor’s ability to pay the Obligations in accordance with the terms hereof, or (c) the validity or enforceability of
this Agreement or any of the other Loan Documents or the rights and remedies of Lender hereunder or thereunder. 

“Multi-Draw SBA Loan” shall mean an SBA 7(a) Loan which (a) is a term loan that is not fully disbursed at the
closing of such SBA 7(a) Loan, and (b) pursuant to its terms provides to the applicable SBA Loan Obligor the right to request that the loan be disbursed in multiple draws. 

“Multi-Party Agreement” means the Third Amended and Restated Multi-Party Agreement by and among Borrower, Parent, the
Guarantors, Lender, FTA, and the SBA, dated as of July 16, 2013, as the same may be amended, modified, or restated from time to time. 
 “Net Cash Proceeds” means, with respect to any transaction or event, an amount equal to the cash proceeds received by any Credit Party from or in respect of such transaction or event
(including any prior or subsequent proceeds of any non-cash proceeds of such transaction), less (i) any actual out-of-pocket expenses paid to a Person that are reasonably incurred by such Credit Party in connection therewith and (ii) in
the case of an Asset Disposition, the amount of any Indebtedness secured by a Lien on the related asset and discharged from the proceeds of such Asset Disposition and any taxes actually paid or estimated (in the reasonable judgment of Lender) by the
applicable Credit Party to be payable by such Person in respect of such Asset Disposition (provided, that if the actual amount of taxes paid is less than such estimated amount, the difference shall immediately constitute Net Cash Proceeds).

  
 9 

 “Non-Guaranteed Term Loan” means the term loan referred to in
Section 2.1(c). 
 “Non-Guaranteed Term Loan Conversion Amount” means the outstanding principal balance of
Advances—Non-Guaranteed Loans as at the close of business on the Business Day immediately preceding the Non-Guaranteed Term Loan Conversion Date. 
 “Non-Guaranteed Term Loan Conversion Date” shall mean May 14, 2015. 
 “Non-Guaranteed Term Loan Maturity Date” means September 30, 2017. 
 “Notes” has the meaning set forth in Section 2.2. 

“Note Participation” means a participation interest in a SBA 7(a) Loan. 

“Obligations” means all existing and future debts, liabilities and obligations of every kind or nature at any time owing
by Borrower to Lender, whether under this Agreement, or any other existing or future instrument, document or agreement, between Borrower or Lender, whether joint or several, related or unrelated, primary or secondary, matured or contingent, due or
to become due (including debts, liabilities and obligations obtained by assignment), and whether principal, interest, fees, indemnification obligations hereunder or Expenses (specifically including interest accruing after the commencement of any
bankruptcy, insolvency or similar proceeding with respect to Borrower, whether or not a claim for such post-commencement interest is allowed), including, without limitation, debts, liabilities and obligations in respect of the Loans and any
extensions, modifications, substitutions, increases and renewals thereof; any amount payable by Borrower or any Subsidiary of Borrower pursuant to an Interest Hedging Instrument or any ACH Transactions; the payment of all amounts advanced by Lender
to preserve, protect and enforce rights hereunder and in the Collateral; and all Expenses incurred by Lender. Without limiting the generality of the foregoing, Obligations shall include any other debts, liabilities or obligations owing to Lender in
connection with any cash management, or other services (including electronic funds transfers or automated clearing house transactions) provided by Lender to Borrower, as well as any other loan, advances or extension of credit, under any existing or
future loan agreement, promissory note, or other instrument, document or agreement between Borrower and Lender. 

“Outstanding Advances-Guaranteed Loans” means, of any date of determination, the aggregate sum of all outstanding
Advances-Guaranteed Loans made pursuant to Section 2.1(a) hereof. 
 “Outstanding Advances-Non-Guaranteed
Loans” means, of any date of determination, the aggregate sum of all outstanding Advances-Non-Guaranteed Loans made pursuant to Section 2.1(b) hereof. 
 “Parent” means Newtek Business Services Inc., a New York corporation. 
 “Patents” means all letters patent of the United States, any other country or any political subdivision thereof, all reissues and extensions thereof and all goodwill associated therewith;
all applications for letters patent of the United States or any other country and all divisions, continuations and continuations-in-part thereof, together with all reissues, 

  
 10 

 
reexaminations, renewals and extensions of the foregoing; and all rights to obtain any divisions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of the
foregoing. 
 “Patent License”: all agreements, whether written or oral, providing for the grant by or to
Borrower of any right to manufacture, use or sell any invention covered in whole or in part by a Patent, including, without limitation, any of the foregoing referred to in Schedule 6. 

“PBGC” means the Pension Benefit Guaranty Corporation. 

“Permitted Capcos” means, collectively, Wilshire DC Partners, LLC, Wilshire Alabama Partners, LLC, Wilshire Louisiana
BIDCO, LLC, Wilshire Texas Partners I, LLC. 
 “Permitted Disposition” means: (a) sales of SBA 7(a)
Guaranteed Note Receivables; (b) sales of SBA 7(a) Non-Guaranteed Note Receivables; (c) sales of Note Participations; (d) sales to SBA of the SBA 7(a) Non-Guaranteed Note Receivable portion of any SBA 7(a) Note Receivable with respect
to which SBA also holds the SBA 7(a) Guaranteed Note Receivable portion thereof; (e) other Secondary Market Sales of Financed SBA Loans; and (f) other dispositions of SBA 7(a) Note Receivables or the collateral therefor, in each case to
the extent required or permitted by SBA in accordance with SBA Rules and Regulations; provided that (x) any sales of SBA 7(a) Guaranteed Note Receivables or any sales of Note Participations in any SBA 7(a) Guaranteed Note Receivables may
not be for an amount less than par, and (y) any sale of a SBA 7(a) Non-Guaranteed Note Receivable or any sales of Note Participations in any SBA 7(a) Non-Guaranteed Note Receivable may not be for an amount less than the value attributable to
the applicable SBA 7(a) Non-Guaranteed Note Receivable, or the participated portion thereof, in the Borrowing Base—Non-Guaranteed as of the date of such sale. 
 “Permitted Indebtedness” means: (a) Indebtedness to Lender in connection with the Loans, or otherwise pursuant to the Loan Documents, (b) Indebtedness to Lender in connection
with the Term Loan Agreement and the Term Loan Documents, (c) purchase money Indebtedness (including Capitalized Lease Obligations) hereafter incurred by Borrower to finance the purchase of fixed assets; provided, that (i) such
Indebtedness incurred in any Fiscal Year shall not exceed (x) as to Borrower, $200,000 and (y) as to Crystaltech Web Hosting, Inc., $100,000, (ii) such purchase money Indebtedness shall not exceed the purchase price of the assets
funded and (iii) no such purchase money Indebtedness may be refinanced for a principal amount in excess of the principal amount outstanding at the time of such refinancing, (d) Indebtedness existing on the Closing Date that is disclosed on
Schedule 1.1(a) hereto, (e) Indebtedness of Borrower to another Credit Party; provided, the same is at all times fully subordinated to Lender, in each case pursuant to subordination documents in form and substance satisfactory to
Lender, and (f) Indebtedness of Borrower to the Permitted Capcos; provided, the same is at all times fully subordinated to Lender pursuant to subordination documents in form and substance satisfactory to Lender. 

“Permitted Investments” means: (a) Investments and advances existing on the Closing Date that are disclosed on
Schedule 5.10(a) hereto; and (b) each of (i) obligations issued or guaranteed by the United States of America or any agency thereof, (ii) commercial paper with maturities of not more than 180 days and a published rating of not
less than A-1 or P-1 (or the 

  
 11 

 
equivalent rating) by a nationally recognized investment rating agency, (iii) (A) certificates of time deposit and bankers’ acceptances having maturities of not more than 180 days
and repurchase agreements backed by United States government securities of a commercial bank and (B) provided Borrower is at all times in compliance with Section 6.5 hereof, demand deposit accounts located at a commercial bank and in which
deposit accounts Lender shall have a perfected, first priority security interest, in each case if (x) such bank has a combined capital and surplus of at least $500,000,000 or (y) its debt obligations, or those of a holding company of which
it is a Subsidiary, are rated not less than A (or the equivalent rating) by a nationally recognized investment rating agency, (iv) U.S. money market funds that invest solely in obligations issued or guaranteed by the United States of America or
an agency thereof and (v) except during the continuance of a Default or Event of Default, loans, advances, dividends or other distributions to Parent; provided, that the proceeds of such loans, advances, dividends or other distributions
are solely used by Parent in accordance with Section 13(b)(iii) of the Guaranty Agreement of Parent in favor of Lender, as the same may be in effect from time to time. 
 “Permitted Liens” means: (a) Liens securing taxes, assessments or governmental charges or levies or the claims or demands of materialmen, mechanics, carriers, warehousemen, and other
like persons not yet due; (b) Liens incurred or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance, social security and other like Laws; (c) Liens on fixed assets securing
purchase money Indebtedness permitted under clause (c) of the definition of “Permitted Indebtedness”; provided, that, (i) such Lien attached to such assets concurrently, or within 20 days of the acquisition thereof, and
only to the assets so acquired, and (ii) a description of the asset acquired is furnished to Lender in writing; and (d) Liens existing on the Closing Date and shown on Schedule 1.1(b) hereto. 

“Person” means an individual, partnership, corporation, trust, limited liability company, limited liability partnership,
unincorporated association or organization, joint venture or any other entity. 
 “Pledge Agreement” means each
of the amended and restated Pledge Agreements dated as of the Closing Date executed by Pledgors in favor of Lender, and any pledge agreements entered into after the Closing Date by any Credit Party (as required by the Agreement or any other Loan
Document), in each case as the same may be amended, modified, or restated from time to time. 
 “Pledgors”
means, collectively, Parent, Small Business Finance Inc., Crystaltech and each other Person, if any, that executes a Pledge Agreement or other similar agreement in favor of Lender in connection with the transactions contemplated by the Agreement and
the other Loan Documents. 
 “Projections” has the meaning set forth in Section 6.8(a)(vi). 

“Property” means any interest of Borrower in any kind of property or asset, whether real, personal or mixed, or tangible
or intangible. 

  
 12 

 “REO Property” means real estate owned by Borrower or any other Credit
Party, which real estate has been acquired and is owned by such Credit Party as a result of foreclosure or acceptance by such Credit Party of a deed in lieu of foreclosure, or similar transaction, whether previously constituting SBA 7(a) Note
Receivable Collateral or otherwise), together with all of such Credit Party’s now owned or hereafter acquired interests in the improvements thereon, the fixtures attached thereto and the easements appurtenant thereto. 

“Request for Advance” has the meaning set forth in Section 2.3(a). 

“Required Procedures” means procedures, including credit and underwriting standards, loan to value ratio limitations and
the use of Approved Forms with respect to the financing and servicing of SBA 7(a) Note Receivables as in effect on the Closing Date, together with such changes and modifications thereto from time to time as shall be required by SBA Rules and
Regulations or as have been approved in writing by Lender, in Lender’s reasonable credit judgment. 

“Reserves” means such reserves against SBA 7(a) Loans, Availability, the Borrowing Base-Guaranteed, or the Borrowing
Base-Non Guaranteed that Lender may, in its reasonable credit judgment, establish from time to time. Without limiting the generality of the foregoing, Reserves established to ensure the payment of accrued Interest Expenses or Indebtedness shall be
deemed to be a reasonable exercise of Lender’s credit judgment. 
 “Restricted Payments” means the
declaration or payment of any dividend on, or any payment or other distribution on account of, or the purchase, redemption, retirement, or other acquisition (directly or indirectly) of, or the setting apart of assets for a sinking or other analogous
fund for the purchase, redemption, retirement or other acquisition of, any class of Capital Stock of any Person, or the making of any distribution of cash, property or assets to the holders of shares of any Capital Stock of any Person. 

“SBA” means the United States Small Business Administration or any other federal agency administering the SBA Act.

 “SBA Act” means the Small Business Act of 1953, as the same may be amended from time to time. 

“SBA Lender’s License” means that authority given to a lender by the SBA to make SBA 7(a) Loans as permitted under
the SBA Act, as amended and further authorized by the SBA in CFR Title 13 Part 120-470 and 471, as amended. 
 “SBA
Rules and Regulations” means the SBA Act, as amended, any other legislation binding on SBA relating to financial transactions, any “Loan Guaranty Agreement”, all rules and regulations promulgated from time to time under the SBA
Act, and SBA Standard Operating Procedures and any Official Notices issued by the SBA, all as from time to time in effect. 

“SBA 7(a) Guaranteed Note Receivable” means that portion of any SBA 7(a) Note Receivable that is actually guaranteed by
the SBA. 

  
 13 

 “SBA 7(a) Loan Notes” means any promissory notes that at any time evidence
SBA 7(a) Loans. 
 “SBA 7(a) Loan Obligor” means any Person, other than the SBA, who is or may become obligated
to Borrower under an SBA 7(a) Loan. 
 “SBA 7(a) Loans” means any loans made by Borrower (or its predecessors
in interest) to small businesses and partially guaranteed by the SBA, all originated in accordance with the SBA Rules and Regulations and pursuant to the authorization contained in Section 7(a) of the SBA Act. 

“SBA 7(a) Non-Guaranteed Note Receivable” means that portion of any SBA 7(a) Note Receivable that is not guaranteed by
the SBA. 
 “SBA 7(a) Note Receivable” means the obligation of an SBA 7(a) Loan Obligor to pay an SBA 7(a) Loan
made by Borrower (or its predecessors in interest) to such SBA 7(a) Loan Obligor, whether or not evidenced by a promissory note or other instrument. 
 “SBA 7(a) Note Receivable Collateral” means any and all property or interests in property, whether personal property (including without limitation accounts, chattel paper, instruments,
documents, deposit accounts, contract rights, general intangibles, inventory or equipment) or real property, or both, whether owned by an SBA 7(a) Loan Obligor or any other Person, that secures an SBA 7(a) Note Receivable or an SBA 7(a) Loan
Obligor’s obligations under an SBA 7(a) Loan Note or SBA 7(a) Note Receivable Document, and all supporting obligations in respect thereof. 
 “SBA 7(a) Note Receivable Documents” means, with respect to any SBA 7(a) Note Receivable, all original documents, instruments, and chattel paper, executed or delivered to or for the
account of Borrower by the applicable SBA 7(a) Loan Obligor and evidencing such SBA 7(a) Note Receivable. 
 “SBA
Standard Operating Procedures and Official Notices” means Public Law 85-536, as amended; those Rules and Regulations, as defined in 13 CFR Part 120, “Business Loans” and 13 CFR Part 121, “Size Standards”; Standard
Operating Procedures, (SOP) 50-10 for loan processing, 50-50 for loan servicing and 50-51 for loan liquidation as may be published and or amended from time to time by the SBA. 
 “SBA Reduced Guaranty Ineligible Amount” means as of any date of determination with respect to any SBA Reduced Guaranty Receivable, the difference between (a) the product of
(i) the amount of such SBA Reduced Guaranty Receivable times (ii) the applicable percentage of the SBA guarantee relating to such SBA Reduced Guaranty Receivable on the date Lender shall have made the Financed Guaranteed Loan
as to such SBA Reduced Guaranty Receivable, less (b) the product of (i) the amount of such SBA Reduced Guaranty Receivable times (ii) the applicable reduced percentage of the SBA guarantee relating to such
SBA Reduced Guaranty Receivable on the applicable date of determination. 
 “SBA Reduced Guaranty Receivable”
means each SBA 7(a) Note Receivable relating to a Financed SBA 7(a) Loan as to which the applicable percentage or dollar amount of 

  
 14 

 
the SBA guarantee relating thereto at any time or from time to time shall have been reduced below the applicable percentage or dollar amount on the date Lender shall have made the Financed
Guaranteed Loan as to such SBA 7(a) Note Receivable. 
 “Second Lien Collateral Agreement” means the Guarantee
and Collateral Agreement, dated as of April 25, 2012, among Parent, the Guarantors, and ABC Funding, LLC, as agent, as the same may be amended, modified, or restated from time to time in accordance with this Agreement and the Second Lien
Subordination and Intercreditor Agreement. 
 “Second Lien Subordination and Intercreditor Agreement” means
that certain Subordination and Intercreditor Agreement, dated as of April 25, 2012, among Lender, ABC Funding, LLC, as agent, and each of the other parties thereto, as the same may be amended, modified, or restated from time to time in
accordance with the provisions thereof. 
 “Secondary Market Net Sales Proceeds” means, as to any Financed
Guaranteed Loan or Financed Non-Guaranteed Loan: (i) at any time other than during the continuance of a Default or Event of Default, the gross sales proceeds received from a Secondary Market Sale thereof up to an amount equal to the proceeds of
Advances made by Lender hereunder in respect thereof or (ii) during the continuance of a Default or Event of Default, the gross proceeds received from a Secondary Market Sale thereof. 

“Secondary Market Sale” means the sale or participation of an SBA 7(a) Loan to the secondary market in accordance with
the SBA Rules and Regulations. 
 “Subordinated Debt” means any Indebtedness of Borrower which is subordinated,
either by its terms or pursuant to a subordination agreement, in each case in a manner and in form and substance satisfactory to Lender. 
 “Subsidiary” means, with respect to any Person at any time: (a) any corporation more than fifty percent (50%) of whose voting stock is legally and beneficially owned by such
Person or owned by a corporation more than fifty percent (50%) of whose voting stock is legally and beneficially owned by such Person; (b) any trust of which a majority of the beneficial interest is at such time owned directly or
indirectly, beneficially or of record, by such Person or one or more Subsidiaries of such Person; and (c) any partnership, joint venture, limited liability company or other entity of which ownership interests having ordinary voting power to
elect a majority of the board of directors or other Persons performing similar functions are at such time owned directly or indirectly, beneficially or of record, by, or which is otherwise controlled directly, indirectly or through one or more
intermediaries by, such Person or one or more Subsidiaries of such Person. 
 “2010 Newtek Securitization
Notes” means the issuance in December 2010 by Newtek Small Business Loan Trust 2010-1 of $16 million of its Standard & Poor’s AA rated notes to securitize a portion of its SBA 7(a) Non-Guaranteed Note Receivables. 

“Term Loan Agreement” means the Loan and Security Agreement dated as of April 30, 2010 among Borrower, Crystaltech
and Lender, as the same may be amended, supplemented or otherwise modified from time to time. 

  
 15 

 “Term Loan Documents” means the “Loan Documents” as defined in
the Term Loan Agreement. 
 “Termination Date” means the earlier to occur of: (a) (i) with respect to
Advances—Guaranteed Loans and Advances—Non-Guaranteed Loans, May 14, 2015 or (ii) with respect to the Non-Guaranteed Term Loan, September 30, 2017, and (b) with respect to all Loans, otherwise any date on which Lender
elects to cease making Advances pursuant to this Agreement or if the Obligations are declared by Lender or automatically become due and payable (whether at stated maturity, by acceleration or otherwise), in either case in accordance with the terms
and provisions of this Agreement. 
 “Trademarks” means all trademarks, trade names, corporate names, company
names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers, and all goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings
thereof, and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof, or
otherwise, and all common-law rights related thereto; and all renewals and extensions thereof and all rights to obtain such renewals and extensions. 
 “Trademark License”: any agreement, whether written or oral, providing for the grant by or to Borrower of any right to use any Trademark, including, without limitation, any of the
foregoing referred to in Schedule 6. 
 “Trademark Security Agreements” means those certain Trademark
Security Agreements executed by Borrower and the Guarantors in favor of Lender, as the same may be amended, modified, or restated from time to time. 
 “Trust Account” shall have the meaning ascribed to such term it in the Trust Account Agreement. 
 “Trust Account Agreement” means that certain Amended and Restated Trust Account Agreement, dated as of the Closing Date, by and between Borrower and the Trustee, as the same may be
amended, modified, or restated from time to time. 
 “UCC” means the Uniform Commercial Code as adopted in the
state where Lender’s office identified in Section 9.8 is located, as the same may be amended from time to time. 

“Upfront Fee” has the meaning set forth in Section 2.7(a). 

1.2 Other Capitalized Terms. Any other capitalized terms used without further definition herein shall have the respective meaning
set forth in the UCC. 
 1.3 Accounting Principles. Where the character or amount of any asset or liability or item of
income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, this shall be done in accordance with GAAP, consistently applied, to the extent
applicable, except as otherwise expressly provided in this Agreement. 

  
 16 

 1.4 Construction: No doctrine of construction of ambiguities in agreements or
instruments against the interests of the party controlling the drafting shall apply to any Loan Documents. 
 SECTION II. THE LOANS

 2.1 Loans. 
 (a) Advances—Guaranteed Loans. 
 (i) On the terms and subject to the
conditions set forth herein (including, without limitation, the conditions precedent set forth in Section IV hereof), Lender agrees to make Advances to Borrower from time to time from the date hereof to and including the Business Day immediately
prior to the Termination Date to provide short-term financing of SBA 7(a) Guaranteed Note Receivables with respect to Eligible SBA 7(a) Loans; provided that after giving effect thereto, the aggregate sum of all such outstanding Advances made
pursuant to this Section 2.1(a) shall not exceed (A) the Availability—Guaranteed Loans or (B) any other amount that would require any prepayment of Advances under Section 2.5 or any other provisions of the Loan Documents.
Within such limitations and subject to Section 2.1(a)(iii), Borrower may borrow, prepay or repay such Advances from time to time and may reborrow Advances. 
 (ii) In no event shall any such Advance be made when any Default or Event of Default has occurred and is continuing. 
 (iii) Notwithstanding anything contained in this Agreement or any other Loan Document to the contrary, Borrower may not prepay or repay any such Advance on the same day as such Advance shall be made
hereunder, except for any prepayment or repayment of any such Advance on the same day as such Advance shall be made (i) as a result of any mandatory prepayment required by Section 2.5(d) or (e), or (ii) as a result of the maturity of
the Advances or if the Obligations are declared by Lender or automatically become due and payable (whether at stated maturity, by acceleration or otherwise) in accordance with the terms and provisions of this Agreement. 

(b) Advances—Non-Guaranteed Loans. 
 (i) On the terms and subject to the conditions set forth herein (including, without limitation, the conditions precedent set forth in Section IV hereof), Lender agrees to make Advances to Borrower from
time to time from the date hereof to and including the Business Day immediately prior to the Termination Date to provide short-term financing of SBA 7(a) Non-Guaranteed Note Receivables with respect to Eligible SBA 7(a) Loans; provided that after
giving effect thereto, the aggregate sum of all such outstanding Advances made pursuant to this Section 2.1(b) shall not exceed (A) the Availability-Non-Guaranteed or (B) any other amount that would require any prepayment of Advances
under Section 2.5 or any other provisions of the Loan Documents. Within such limitations and subject to Section 2.1(b)(iii) and Section 2.1(c), Borrower may borrow, prepay or repay Advances from time to time and may reborrow Advances.

  
 17 

 (ii) In no event shall any such Advance be made when any Default or Event of Default has
occurred and is continuing. 
 (iii) Notwithstanding anything contained in this Agreement or any other Loan Document to the
contrary, Borrower may not prepay or repay any such Advance on the same day as such Advance shall be made hereunder, except for any prepayment or repayment of any such Advance on the same day as such Advance shall be made (A) as a result of any
mandatory prepayment required by Section 2.5(d) or (e), or (B) as a result of the maturity of the Advances or if the Obligations are declared by Lender or automatically shall become due and payable in accordance with the terms and
provisions of this Agreement (whether at stated maturity, by acceleration or otherwise). 
 (c) Non-Guaranteed Term Loan.

 (i) On the Non-Guaranteed Term Loan Conversion Date, the Non-Guaranteed Term Loan Conversion Amount
shall automatically convert into a term loan (the “Non-Guaranteed Term Loan”), which shall become due and payable, and Borrower shall repay the Non-Guaranteed Term Loan, as follows: payments equal to 1/36th of the original principal amount of the Non-Guaranteed Term Loan
shall be made on the first day of each calendar month commencing with the first day of the calendar month immediately following the Non-Guaranteed Term Loan Conversion Date through and including September 1, 2017, with the remaining outstanding
principal balance to be paid on September 30, 2017 . On the Non-Guaranteed Term Loan Conversion Date, as a condition precedent to such conversion, Borrower shall execute and deliver to the Lender the Note evidencing the Non-Guaranteed Term
Loan, in the form attached to this Agreement as Exhibit B-3 hereto with insertions as to the amount of the Non-Guaranteed Term Loan, the date of such Note, and the date upon which the monthly installments of the Non-Guaranteed Term Loan shall
commence. 
 (ii) Borrower may prepay or repay all or any portion of the Non-Guaranteed Term Loan commencing on the Business
Day after the Non-Guaranteed Term Loan Conversion Date, each such prepayment or repayment to be applied to the outstanding balance of the Non-Guaranteed Term Loan on the date deemed received pursuant to Section 2.4(a) and otherwise in such
manner as shall be determined by Lender. 
 2.2 Notes. 

(a) The Advances—Guaranteed Loans, the Advances—Non-Guaranteed Loans, and the Non-Guaranteed Term Loan each shall be evidenced
by a promissory note of Borrower substantially in the respective forms of Exhibit B-1, B-2 and B-3 attached hereto (the “Notes”). 
 (b) The date, amount and Interest Rate of each Loan made by Lender to Borrower, and each payment made on account of the principal balance thereof, shall be recorded by Lender on its books; provided
that the failure of Lender to make any such recordation shall not affect the obligations of Borrower to make a payment when due of any amount owing hereunder or under the Notes in respect of the Loans. 

  
 18 

 2.3 Procedures for Borrowing Advances. 

(a) Borrower may request an Advance hereunder for an Advance-Guaranteed Loans or an Advance-Non-Guaranteed Loan on any Business Day
during the period from and including the Closing Date to and including the applicable Termination Date by delivering to Lender a written request for an Advance—Guaranteed Loans or an Advance—Non-Guaranteed Loans, as applicable,
substantially in the form of Exhibit C attached hereto (each, a “Request for Advance”). Borrower shall deliver each Request for Advance with respect to each proposed Advance no later than noon (New York City time) on the day
of such proposed Advance. Once given, a Request for Advance shall be irrevocable and Borrower shall be bound thereby. 
 (b)
Each Request for Advance shall: (i) attach a schedule identifying the Financed Guaranteed Loans or Financed Non-Guaranteed Loans, as applicable, that Borrower proposes to fund using the proceeds of the Advance, which schedule shall contain such
information with respect to each Financed Guaranteed Loans or Financed Non-Guaranteed Loans, as applicable, as Lender shall reasonably request; (ii) specify the requested funding date; and (iii) include such other matters as may be
specified on the form of the Request for Advance or as may be reasonably requested by Lender from time to time. Each Advance shall be in a minimum amount of $100,000 or an integral multiple thereof. Borrower shall indemnify Lender and hold it
harmless against any costs incurred by Lender as a result of any failure of Borrower to timely deliver to FTA the SBA 7(a) Loan Note relating to any Financed Guaranteed Loan or Financed Non-Guaranteed Loan as required by Section 8.1(f).

 (c) Unless otherwise agreed by Lender and Borrower, each Advance requested by Borrower and made by Lender hereunder shall be
made to Borrower’s main operating account maintained with Lender. 
 2.4 Payments – General; Cash Management
System. 
 (a) Except to the extent otherwise set forth in this Agreement, all payments of principal and of interest on the
Loan and all Expenses, fees, indemnification obligations and all other charges and any other Obligations of Borrower not made by automatic transfers from the Blocked Account or Borrower’s accounts maintained with Lender, shall be made to Lender
at its office at 275 Broadhollow Road, Melville, N.Y. 11747, in United States dollars, in immediately available funds. Lender shall have the unconditional right and discretion (and Borrower hereby authorizes Lender) to charge Borrower’s
operating and/or deposit account(s) for all of Borrower’s Obligations as they become due from time to time under this Agreement including, without limitation, interest, principal, fees, indemnification obligations and reimbursement of Expenses;
provided, that Lender may not charge the Trust Account in a manner inconsistent with the Trust Account Agreement. Any payments received prior to 2:00 p.m. Eastern time on any Business Day shall be deemed received on such Business Day. Any
payments (including any payment in full of the Obligations) received after 2:00 p.m. Eastern time on any Business Day shall be deemed received on the immediately following Business Day. 

(b) On or prior to the date hereof, Borrower shall establish and maintain until all Obligations shall have been fully and indefeasibly
paid in full the cash management system described in Exhibit D attached hereto (the “Cash Management System”). 

  
 19 

 2.5 Payment of Interest and Principal; Mandatory Prepayments. 

(a) From and following the Closing Date, the Loans and the other Obligations shall bear interest at the Interest Rate. 

(b) Interest on all Loans, including, without limitation, the Non-Guaranteed Term Loan, shall be payable (i) in arrears on the first
day of each month (beginning on the first day of the first full calendar month after the Closing Date), (ii) as provided in Sections 2.5(d) and (e), and (iii) upon the payment in full of any Advances or any or all of the Loans, and on the
Termination Date. 
 (c) The outstanding principal amount of the Loans other than the Non-Guaranteed Term Loan, plus all accrued
but unpaid interest and all other sums due Lender hereunder in respect of such Loans, shall be due and payable in full on the Termination Date. The outstanding principal amount of the Non-Guaranteed Term Loan shall be payable in accordance with
Section 2.1(c) and, together with all accrued but unpaid interest and all other sums due Lender hereunder in respect of such Non-Guaranteed Term Loan, shall be due and payable in full on the Termination Date. If on any payment date for the
Non-Guaranteed Term Loan the balance in the Blocked Account is less then the next due principal payment, Borrower shall remit the balance of such payment to Lender on such payment date. 

(d) There shall become due and payable and Borrower shall prepay the Advances, together with all accrued but unpaid interest thereon, in
an amount determined as follows: 
 (i) the amount by which: (A) Outstanding Advances—Guaranteed Loans exceeds
(x) the Borrowing Base—Guaranteed or (y) Availability—Guaranteed, (B) Outstanding Advances—Non-Guaranteed Loans plus the then outstanding principal balance of all loans under the Term Loan Agreement
exceeds (x) the Borrowing Base—Non-Guaranteed or (y) Availability—Non-Guaranteed, or (C) the then outstanding principal amount of the Non-Guaranteed Term Loan exceeds (x) the Borrowing Base—Non-Guaranteed or
(y) Availability-Non-Guaranteed; 
 (ii) the amount by which (A) the aggregate of (1) Outstanding
Advances—Guaranteed Loans, (2) Outstanding Advances—Non-Guaranteed Loans plus (3) the Non-Guaranteed Term Loan exceeds (B) the lesser of (1) $27,000,000 or (2) the aggregate of the Borrowing
Base—Guaranteed, plus the Borrowing Base—Non-Guaranteed; or 
 (iii) an amount equal to the Secondary
Market Net Sales Proceeds of any Secondary Market Sale of any Financed Guaranteed Loan or any Financed Non-Guaranteed Loans, including, without limitation, any such portion of any Multi-Draw SBA Loan (which proceeds shall be applied as set forth in
the Cash Management System and this Agreement). 
 (e) Without limiting the generality of the foregoing, in the event that at
any 

  
 20 

 
time (x) Outstanding Advances—Guaranteed Loans shall exceed, as applicable: 90% (subject to adjustment by Lender in the exercise of its reasonable credit discretion) of the outstanding
principal amount of the SBA 7(a) Guaranteed Note Receivables related to such Outstanding Advances—Guaranteed Loans, (y) Outstanding Advances—Non-Guaranteed Loans shall exceed 55% (subject to adjustment by Lender in the exercise of its
reasonable credit discretion) of the outstanding principal amount of the SBA 7(a) Non-Guaranteed Note Receivables related to such Advances—Non-Guaranteed Loans, or (z) the sum of (1) Outstanding Advances—Non-Guaranteed Loans
plus (2) the then outstanding principal amount of the Non-Guaranteed Term Loan shall exceed 55% (subject to adjustment by Lender in the exercise of its reasonable credit discretion) of the outstanding principal amount of the SBA
7(a) Non-Guaranteed Note Receivables related to such Advances—Non-Guaranteed Loans and Non-Guaranteed Term Loan, Borrower shall prepay such excess, together with accrued but unpaid interest thereon. 

(f) Notwithstanding the foregoing, if clause (ii) of the definition of the term “Secondary Market Net Sales Proceeds”
shall be applicable, then such Secondary Market Net Sales Proceeds received in respect of any Financed Guaranteed Loan shall be applied against Advances-Guaranteed Loans, and Secondary Market Net Sales Proceeds received in respect of any Financed
Non-Guaranteed Loans shall be applied against Advances-Non-Guaranteed Loans and/or the Non-Guaranteed Term Loan in such manner as Lender shall determine, with any excess after such application to be held by Lender, at its option, as cash collateral
for the Obligations. Any prepayments received by Lender in respect of clauses (i)(A) above shall be applied against Advances-Guaranteed Loans. Any prepayments received by Lender in respect of clauses (i)(B) above shall be applied against
Advances-Guaranteed Loans and/or the Non-Guaranteed Term Loan in such manner as Lender shall determine. All such prepayments received by Lender pursuant to this Section 2.5(d) shall be applied against its respective Loan on the date deemed
received pursuant to Section 2.4(a) and otherwise in such manner as shall be determined by Lender. 
 (g) There shall
become due and payable and Borrower shall prepay the Advances-Non-Guaranteed Loans and the Non-Guaranteed Term Loan, and shall cause the other Credit Parties to prepay the Advances-Non-Guaranteed Loans and the Non-Guaranteed Term Loan, in each case
together with all accrued but unpaid interest thereon, in an amount equal to in the following amounts and at the following times: 
 (i) on the date on which any Credit Party (or Lender as loss payee or assignee) receives any Casualty Proceeds, an amount equal to one hundred percent (100%) of such Casualty Proceeds or such
payment; provided, that, so long as no Default or Event of Default has occurred and is continuing, the recipient (other than Lender) of any Casualty Proceeds may reinvest the amount of such Casualty Proceeds within thirty (30) days in
replacement assets comparable to the assets giving rise to such Casualty Proceeds; provided, further that the aggregate amount which may be reinvested by Borrower and its Subsidiaries pursuant to the preceding proviso may not exceed
$250,000 in any Fiscal Year; and provided, further, that if the applicable Credit Party does not intend to fully reinvest such Casualty Proceeds, or if the thirty (30) day time period set forth in this sentence expires without
such Credit Party having reinvested such Casualty Proceeds, Borrower shall prepay such Advances or Loans, as applicable, in an amount equal to such Casualty Proceeds (to the extent not reinvested or intended to be reinvested within such time
period); 

  
 21 

 (ii) upon receipt by any Credit Party of the proceeds from the issuance and sale of any
Debt or equity securities (other than (1) proceeds of Permitted Indebtedness, (2) proceeds from the issuance of equity securities to members of the management of any Credit Party, (3) proceeds of the issuance to Parent of equity
securities of Borrower or any wholly-owned Subsidiary of Parent, or (4) Indebtedness of any Credit Party to another Credit Party to the extent expressly permitted by the Loan Documents), an amount equal to one hundred percent (100%) of the
Net Cash Proceeds of such issuance and sale; and 
 (iii) upon receipt by any Credit Party of the proceeds of any Asset Sale
(other than the proceeds of a Permitted Disposition), an amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Asset Sale. 
 Notwithstanding the foregoing, each Credit Party other than Borrower shall be required to remit amounts set forth in this Section 2.5(e)(i)-(iii) during each Fiscal Year of such Credit Party
only in the event and to the extent that the aggregate amount received by that Credit Party during such Fiscal Year of Casualty Proceeds, Net Cash Proceeds from the issuance and sale of Debt or equity securities, and Net Cash Proceeds of Asset Sales
of such Credit Party shall exceed $250,000. 
 (iv) Amounts paid pursuant to this Section 2.5(e) shall be applied to the
Advanced-Non-Guaranteed Loans and/or the Non-Guaranteed Term Loan on the date deemed received pursuant to Section 2.4(b) and otherwise in such manner as shall be determined by Lender. 

(h) Subject to Section 2.1, the Loans may be prepaid in whole or in part at any time from time to time, without penalty or premium;
provided, however, that Borrower shall have given Lender at least ten (10) days prior written notice of the date of such prepayment. Any prepayment shall be accompanied by all accrued and unpaid interest thereon.

 2.6 Additional Interest Provisions. 
 (a) Interest on the Loans shall be calculated on the basis of a year of three hundred sixty (360) days but charged for the actual number of days elapsed. The date of funding of an Advance shall be
included in the calculation of interest. The date of payment with respect to an Advance shall be excluded from the calculation of interest. 
 (b) After the occurrence and during the continuance of an Event of Default hereunder, the per annum effective rate of interest on all outstanding principal under the Loans shall be equal to the applicable
Interest Rate plus five hundred (500) basis points (the “Default Rate”). All such increases may be applied retroactively to the date of the occurrence of the Event of Default. Borrower agrees that the Default Rate is a
reasonable estimate of Lender’s damages and is not a penalty. 
 (c) All contractual rates of interest chargeable on
outstanding principal under the Loans shall continue to accrue and be paid even after Default, an Event of Default, maturity, acceleration, judgment, bankruptcy, insolvency proceedings of any kind or the happening of any event or occurrence similar
or dissimilar. 
 (d) In no contingency or event whatsoever shall the aggregate of all amounts deemed interest hereunder and
charged or collected pursuant to the terms of this Agreement exceed the highest rate permissible under any Law which a court of competent jurisdiction shall, in a final determination, deem applicable hereto. In the event that such court determines
Lender has charged or received interest hereunder in excess of the highest applicable rate, Lender shall apply, in its sole discretion, and set off such excess interest received by Lender against other Obligations due or to become due and such rate
shall automatically be reduced to the maximum rate permitted by such Law. 

  
 22 

 2.7 Fees and Charges. 

(a) On the Closing Date, Borrower shall pay to Lender, a fully-earned, non-refundable up-front fee (the “Upfront Fee”)
in the amount of $162,000. 
 (b) On June 16, 2011 and on each anniversary of such date, a fully-earned, non-refundable
administrative fee (the “Administrative Fee”) in the amount of $12,000. 
 (c) From and following the Closing
Date, Borrower shall pay Lender fees in an amount equal to (i) the difference between (A) $27,000,000 less (B) the sum of the average daily outstanding balance of Advances—Guaranteed Loans plus the
average daily outstanding balance of Advances—Non-Guaranteed Loans during the preceding month, multiplied by (ii) one-quarter of one percent (1/4 of 1%) per annum. Such fees are to be paid quarterly in arrears on the
last day of each calendar quarter. 
 (d) Borrower shall unconditionally pay to Lender a late charge equal to five percent
(5%) of any and all payments of principal or interest on the Loans that are not paid within fifteen (15) days of the due date. Such late charge shall be due and payable regardless of whether Lender has accelerated the Obligations, or the
Obligations automatically shall become due and payable. Borrower agrees that any late fee payable to Lender is a reasonable estimate of Lender’s damages and is not a penalty. 

2.8 Use of Proceeds. The proceeds of (a) Advances—Guaranteed Loans shall be used solely to provide Borrower with
short-term financing of an amount not to exceed 90%, with respect to Financed Guaranteed Loans, and (b) Advances—Non-Guaranteed Loans shall be used solely to provide Borrower with short-term financing of an amount not to exceed 55% of the
SBA 7(a) Non-Guaranteed Note Receivable in respect of each Financed Non-Guaranteed Loan. 
 2.9 Taxes. All payments of
principal and interest on the Loans and all other amounts payable hereunder shall be made free and clear of and without deduction for any present or future income, excise, stamp, documentary, property or franchise taxes and other taxes, fees,
duties, levies, assessments, withholdings or other charges of any nature whatsoever (including interest and penalties thereon) imposed by any taxing authority, excluding taxes imposed on or measured by Lender’s net income by the jurisdiction
under which Lender is organized or conducts business (other than solely as the result of entering into any of the Financing Documents or taking any action thereunder) (all non-excluded items being called “Taxes”). If any withholding
or deduction from any payment to be made by Borrower hereunder is required in respect of any Taxes pursuant to any applicable Law, then Borrower will: (i) pay directly to 

  
 23 

 
the relevant authority the full amount required to be so withheld or deducted; (ii) promptly forward to Lender an official receipt or other documentation satisfactory to Lender evidencing
such payment to such authority; and (iii) pay to Lender such additional amount or amounts as is necessary to ensure that the net amount actually received by Lender will equal the full amount Lender would have received had no such withholding or
deduction been required. If any Taxes are directly asserted against Lender with respect to any payment received by Lender or such Lender hereunder, Lender may pay such Taxes and Borrower will promptly pay such additional amounts (including any
penalty, interest or expense) as is necessary in order that the net amount received by such Lender after the payment of such Taxes (including any Taxes on such additional amount) shall equal the amount Lender would have received had such Taxes not
been asserted. 
 2.10 Capital Adequacy. If any present or future Law, governmental rule, regulation, policy, guideline,
directive or similar requirement (whether or not having the force of Law) imposes, modifies, or deems applicable any capital adequacy, capital maintenance or similar requirement which affects the manner in which Lender allocates capital resources to
its commitments (including any commitments hereunder), and as a result thereof, in the reasonable opinion of Lender, the rate of return on Lender’s capital with regard to the Loans is reduced to a level below that which Lender would have
achieved but for such circumstances, then in such case and upon notice from Lender to Borrower, from time to time, Borrower shall pay Lender such additional amount or amounts as shall compensate Lender for such reduction in Lender’s rate of
return. A notice to Borrower from Lender as to the amount of that reduction and showing the basis of the computation thereof submitted by Lender to Borrower shall be presumptive evidence of the matters set forth therein. 

SECTION III. COLLATERAL 
 3.1 Collateral. As security for the payment of the Obligations, and satisfaction by Borrower of all covenants and undertakings contained in this Agreement and the other Loan Documents: 

(a) Borrower hereby assigns and grants to Lender a continuing Lien on and first priority (except for Liens in favor of Lender under the
Term Loan Documents) security interest in, upon and to all assets of Borrower (other than Borrower’s SBA Lender’s License), including any Real Property and including, without limitation, to the following Property, all whether now owned or
hereafter acquired, created or arising and wherever located: 
 (i) Accounts - All Accounts; 

(ii) Chattel Paper - All Chattel Paper; 
 (iii) Documents - All Documents; 
 (iv) Instruments - All
Instruments; 
 (v) Inventory - All Inventory; 

(vi) General Intangibles - All General Intangibles; 

  
 24 

 (vii) Equipment - All Equipment, 

(viii) Fixtures - All Fixtures; 
 (ix) Deposit Accounts - All Deposit Accounts, including, without limitation, the Blocked Account and all operating accounts of Borrower maintained at or with Lender, but excluding the Trust Account
to the extent prohibited by the Multi-Party Agreement and SBA Rules and Regulations; 
 (x) Goods - All Goods;

 (xi) Letter of Credit Rights - All Letter of Credit Rights; 

(xii) Supporting Obligations - All Supporting Obligations; 

(xiii) Investment Property - All Investment Property; 
 (xiv) Commercial Tort Claims - All Commercial Tort Claims identified and described on Schedule 3.1(a)(xiv) (as amended or supplemented from time to time); 

(xv) Property in Lender’s Possession - All Property of Borrower, now or hereafter in Lender’s possession; and

 (xvi) Proceeds - The Proceeds (including, without limitation, insurance proceeds), whether cash or non-cash, of all
of the foregoing property described in clauses (i) through (viii). 
 3.2 Lien Documents. At the Closing and
thereafter as Lender deems necessary, Borrower shall execute and/or deliver to Lender, or have executed and delivered (all in form and substance satisfactory to Lender and its counsel): 

(a) Financing statements pursuant to the UCC, which Lender may file in the jurisdiction where Borrower is organized and in any other
jurisdiction that Lender deems appropriate; and 
 (b) Any other agreements, documents, instruments and writings, including,
without limitation, intellectual property security agreements, required by Lender to evidence, perfect or protect the Liens and security interests in the Collateral or as Lender may reasonably request from time to time. 

3.3 Other Actions. 
 (a) In addition to the foregoing, Borrower shall do anything further that may be reasonably required by Lender to secure Lender and effectuate the intentions and objects of this Agreement, including,
without limitation, the execution and delivery of security agreements, contracts and any other documents required hereunder. At Lender’s reasonable request, Borrower shall also immediately deliver (with execution by Borrower of all necessary
documents or forms to reflect, implement or enforce the Liens described herein), or cause to be delivered to 

  
 25 

 
Lender all items for which Lender must receive possession to obtain a perfected security interest, including without limitation, all notes (other than SBA(7)a Notes are delivered to the FTA
pursuant to the Multi-Party Agreement), stock powers, letters of credit, certificates and documents of title, Chattel Paper, Warehouse Receipts, Instruments, and any other similar instruments constituting Collateral. 

(b) Lender is hereby authorized to file financing statements and amendments to financing statements without Borrower’s signature, in
accordance with the UCC. Borrower hereby authorizes Lender to file all such financing statements and amendments to financing statements describing the Collateral in any filing office as Lender, in its sole discretion may determine, including
financing statements listing “All Assets,” “All property and assets” and/or words of similar import in the collateral description therein. Borrower agrees to comply with the requests of Lender in order for Lender to have and
maintain a valid and perfected first security interest in the Collateral including, without limitation, executing and causing any other Person to execute such documents as Lender may require to obtain Control over all Deposit Accounts, Letter of
Credit Rights and Investment Property. 
 3.4 Searches, Certificates. 

(a) Lender shall, prior to or at the Closing, and thereafter as Lender may reasonably determine from time to time, at Borrower’s
expense, obtain the following searches (the results of which are to be consistent with the warranties made by Borrower in this Agreement): 
 (i) UCC searches with the Secretary of State and local filing office of each state where Borrower (and each Guarantor) is organized, maintains its executive office, a place of business, or assets; and

 (ii) judgment, state and federal tax lien and corporate tax lien searches, in all applicable filing offices of each state
searched under subparagraph (i) above. 
 (b) Borrower shall, prior to or at the Closing and at its sole expense, obtain
and deliver to Lender good standing certificates showing Borrower and each corporate Guarantor to be in good standing in its state of organization and in each other state in which it is doing and presently intends to do business for which
qualification is required. 
 (c) Landlord’s and Warehouseman’s Waivers. Borrower will cause each owner of any
premises occupied by Borrower or to be occupied by Borrower and each warehouseman of any warehouse, where, in either event Collateral is held, to execute and deliver to Lender an instrument, in form and substance satisfactory to Lender, under which
such owner(s) or warehouseman subordinates its/his/their interests in and waives its/his/their right to distrain on or foreclose against the Collateral and agrees to allow Lender to remain on such premises to dispose of or deal with any Collateral
located thereon. 
 3.5 Filing Security Agreement. A carbon, photographic or other reproduction or other copy of this
Agreement or of a financing statement is sufficient as and may be filed in lieu of a financing statement. 

  
 26 

 3.6 Power of Attorney. Each of the officers of Lender is hereby irrevocably made,
constituted and appointed the true and lawful attorney for Borrower (without requiring any of them to act as such) with full power of substitution to do the following: (a) endorse the name of Borrower upon any and all checks, drafts, money
orders and other instruments for the payment of monies that are payable to Borrower and constitute collections on Borrower’s Accounts or proceeds of other Collateral; (b) execute and/or file in the name of Borrower any financing
statements, schedules, assignments, instruments, documents and statements that Borrower is obligated to give Lender hereunder or is necessary to perfect (or continue or evidence the perfection of such security interest or Lien) Lender’s
security interest or Lien in the Collateral; and (c) during the continuance of an Event of Default, do such other and further acts and deeds in the name of Borrower that Lender may reasonably deem necessary or desirable to enforce any Account
or other Collateral. 
 3.7 Pari Passu Collateral. The security interests and Liens granted hereunder in the Collateral
in all respects shall rank pari passu with the security interests and Liens granted by Borrower under the Term Loan Agreement and the other Term Loan Documents. 
 SECTION IV. THE CLOSING; CONDITIONS PRECEDENT TO EACH ADVANCE 
 4.1
Conditions to the Closing. The Closing of this Agreement is subject to the following conditions precedent (all instruments, documents and agreements to be in form and substance satisfactory to Lender and Lender’s counsel): 

(a) Loan Documents, Resolutions, Opinions, and Other Documents. Borrower shall have delivered, or caused to be delivered, to
Lender the following, in each case in form and substance satisfactory to Lender and its counsel: 
 (i) this Agreement, the
Notes (other than the Note representing the Non-Guaranteed Term Loan) and each of the other Loan Documents all properly executed; 
 (ii) financing statements and each of the other documents to be executed and/or delivered by Borrower, the Guarantors, or any other Person pursuant to this Agreement; 

(iii) certified copies of (1) resolutions of Borrower and each Guarantor’s board of directors or managing members (as
applicable) authorizing the execution, delivery and performance of this Agreement, the Note to be issued hereunder and each of the other Loan Documents required to be delivered by such applicable party and (2) Borrower’s and each
Guarantor’s articles or certificate of incorporation and by-Laws or certificate of formation and shareholders’ agreement or operating agreement, as applicable; 
 (iv) an incumbency certificate for Borrower and each Guarantor identifying all Authorized Officers, with specimen signatures; 
 (v) a written opinion or opinions of Borrower’s independent counsel addressed to Lender and opinions of such other counsel as Lender deems reasonably necessary; 

  
 27 

 (vi) such other financial statements, reports, certifications and other operational
information as Lender may reasonably require, satisfactory in all respects to Lender; 
 (vii) certification by the president
of Borrower that there has not occurred any Borrower Material Adverse Effect since December 31, 2011; 
 (viii) payment by
Borrower of all fees including, without limitation, the Upfront Fee and all of Lender’s fees and expenses associated with this Agreement; 
 (ix) searches and certificates required under Section 3.4; 
 (x) the
Multi-Party Agreement together with any required consent of the SBA; 
 (xi) the documents set forth on the Lender’s
closing checklist previously furnished to Borrower; 
 (xii) such other documents reasonably required by Lender. 

(b) Absence of Certain Events. On the Closing Date, no Default or Event of Default hereunder, or under any other agreement between
Borrower, any Guarantor or any Affiliate of any of them and Lender, shall have occurred and be continuing. 
 (c) Warranties
and Representations at Closing. The warranties and representations contained in Section 5 of this Agreement as well as any other Section of this Agreement shall be true and correct in all respects on the Closing Date with the same effect as
though made on and as of that date. Borrower shall not have taken any action or permitted any condition to exist which would have been prohibited by any Section hereof. 
 (d) Compliance with this Agreement. Borrower shall have performed and complied with all agreements, covenants and conditions contained herein including, without limitation, the provisions of
Sections 6 and 7 hereof, which are required to be performed or complied with by Borrower before or at the Closing Date. 
 (e)
Officers’ Certificate. Lender shall have received a certificate dated the Closing Date and signed by the chief financial officer of Borrower and Parent certifying that all of the conditions specified in this Section have been fulfilled.

 4.2 The Closing. Subject to the conditions of this Section, Advances shall be available on such date (the
“Closing Date”) and at such time as may be mutually agreeable to the parties contemporaneously with the execution hereof (the “Closing”) at Lender’s office at 1001 Avenue of the Americas New York, NY 10018.

 4.3 Waiver of Rights. By consummating the Closing hereunder, or by making Advances hereunder, Lender does not thereby
waive a breach of any warranty or representation made by Borrower hereunder or under any agreement, document, or instrument delivered to Lender or otherwise referred to herein, and any claims and rights of Lender resulting from any breach or
misrepresentation by Borrower are specifically reserved by Lender. 

  
 28 

 4.4 Conditions to the Making of Each Advance. The making of each Advance hereunder is
subject to the fulfillment of the following conditions precedent in a manner satisfactory in form and substance to Lender and its counsel: 
 (a) Compliance. Borrower shall have complied and shall then be in compliance with all terms, covenants, conditions and provisions of this Agreement and the other Financing Documents that are
binding upon it. 
 (b) Borrowing Base. Borrower shall have furnished all Borrowing Base Certificates required by
Section 6.8(a) and as evidence thereof, Borrower shall have furnished to Lender such reports, schedules, certificates, records and other papers as may be requested by Lender, and Borrower shall be in compliance with the provisions of this
Agreement both immediately before and immediately after the making of the Advance requested. The aggregate outstanding balance of the Loan immediately after giving effect to such Advance shall not exceed the Borrowing Base. 

(c) Default. No Event of Default or Default shall exist hereunder. 

(d) Representations and Warranties. The representations and warranties of Borrower contained among the provisions of this
Agreement shall be true and with the same effect as though such representations and warranties had been made at the time of the making of, and of the request for, such Advance. 

(e) Adverse Change. No Material Adverse Effect shall have occurred that would, in the good faith judgment of Lender, have a
material adverse effect on Borrower or materially impair the ability of Borrower to pay or perform any of the Obligations. 

(f) Legal Matters. All legal documents incident to such Advance shall be reasonably satisfactory to counsel for Lender.

 (g) Eligibility Requirements. Each Financed Guaranteed Loan and each Financed Non-Guaranteed Loan shall be an Eligible
SBA 7(a) Loan. 
 SECTION V. REPRESENTATIONS AND WARRANTIES 

To induce Lender to complete the Closing and make the Loan to Borrower, Borrower warrants and represents to Lender that: 

5.1 Corporate Organization and Validity. 
 (a) Borrower: (i) is a corporation, duly organized and validly existing under the Laws of the state of New York; (ii) has the appropriate power and authority to operate its business and to own
its Property; and (iii) is duly qualified, is validly existing and in good standing and has lawful power and authority to engage in the business it conducts in each state where the nature and extent of its business requires qualification,
except where the failure to so qualify does not nor could not reasonably be predicted to have a Material Adverse Effect. A list of all states and other jurisdictions where Borrower is qualified to do business is shown on Schedule 5.1 attached
hereto and made part hereof. 

  
 29 

 (b) The making and performance of this Agreement and the other Loan Documents will not
violate any Law, government rule or regulation, court or administrative order or other such order, or the charter, minutes or bylaw provisions of Borrower, or of Borrower’s shareholder’s agreement, operating agreement or partnership
agreement, as applicable, or violate or result in a default (immediately or with the passage of time) under any contract, agreement or instrument to which Borrower is a party, or by which Borrower is bound. Borrower is not in violation of any term
of any agreement or instrument to which it is a party or by which it may be bound which violation has caused or is reasonably likely to cause a Material Adverse Effect, or of its charter, minutes or bylaw provisions, or of Borrower’s operating
agreement or partnership agreement, as applicable. 
 (c) Borrower has all requisite power and authority to enter into and
perform this Agreement and to incur the obligations herein provided for, and has taken all necessary action to authorize the execution, delivery and performance of this Agreement, and the other Loan Documents as applicable. 

(d) This Agreement, the Note to be issued hereunder and all of the other Loan Documents, when delivered, will be valid and binding upon
Borrower, and enforceable in accordance with their respective terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting the enforcement of creditors’ rights
generally and by general equitable principles. 
 5.2 Places of Business. The only places of business of Borrower, and
the places where Borrower keeps and intends to keep its Property, are at the addresses shown on Schedule 5.2 attached hereto. 
 5.3 Pending Litigation. There are no judgments or judicial or administrative orders or proceedings pending, or to the knowledge of Borrower, threatened, against Borrower in any court or before any
Governmental Authority relating to a claim in excess of $100,000 (except for any proceeding relating to any license or seeking injunctive relief as to which no dollar threshold shall apply) except as shown on Schedule 5.3 attached hereto,
other than counterclaims arising solely out of routine collection matters brought by Borrower against any Person. To the knowledge of Borrower, there are no investigations (civil or criminal) pending or threatened against Borrower in any court or
before any Governmental Authority. Borrower is not in default with respect to any order of any Governmental Authority. To the knowledge of Borrower, no shareholder or executive officer of Borrower has been indicted in connection with or convicted of
engaging in any criminal conduct, or is currently subject to any lawsuit or proceeding or under investigation in connection with any anti-racketeering or other conduct or activity which may result in the forfeiture of any property to any
Governmental Authority. 
 5.4 Title to Properties. Borrower has good and marketable title in fee simple (or its
equivalent under applicable Law) to all the Property it purports to own, free from Liens and free from the claims of any other Person, except for Permitted Liens. 
 5.5 Governmental Consent. Neither the nature of Borrower or of its business or Property, nor any relationship between Borrower and any other Person, nor any circumstance affecting Borrower in
connection with the issuance or delivery of this Agreement, the Note or 

  
 30 

 
any other Loan Documents is such as to require a consent, approval or authorization of, or filing, registration or qualification with, any Governmental Authority on the part of Borrower (other
than with respect to the SBA). 
 5.6 Taxes. All tax returns required to be filed by Borrower in any jurisdiction have
been filed, and all taxes, assessments, fees and other governmental charges upon Borrower, or upon any of its Property, income or franchises, which are shown to be due and payable on such returns have been paid, except for those taxes being
contested in good faith with due diligence by appropriate proceedings for which appropriate reserves have been maintained under GAAP and as to which no Lien has been entered. Borrower is not aware of any proposed additional tax assessment or tax to
be assessed against or applicable to Borrower. 
 5.7 Financial Statements. The audited consolidated financial statements
of Parent as at and for the year ended December 31, 2012 (complete copies of which have been delivered to Lender), and the interim consolidated financial statements of Parent as at and for the three-month and six-month periods ended
March 31, 2013 have been prepared in accordance with GAAP and present fairly the financial position of Parent as of such dates and the results of its operations for such periods. The Fiscal Year for Parent and Borrower currently ends on
December 31. Borrower’s federal tax identification number and state organizational identification number for UCC purposes are as shown on Schedule 5.7 attached hereto. All projections provided to Lender represent Borrower’s
best estimate of Borrower’s (and Parent’s or any consolidated entity’s) consolidated future financial performance as of the date thereof and the assumptions contained therein are believed by Borrower to be fair and reasonable in light
of current business conditions. 
 5.8 Full Disclosure. The financial statements referred to in Section 5.7 of this
Agreement do not, nor does any other written statement of Borrower to Lender in connection with the negotiation of the Loan, contain any untrue statement of a material fact. Such statements do not omit a material fact, the omission of which would
make the statements contained therein misleading. There is no fact known to Borrower which has not been disclosed in writing to Lender which has or is reasonably likely to have a Material Adverse Effect. 

5.9 Subsidiaries. Borrower does not have any Subsidiaries or Affiliates, except as shown on Schedule 5.9 attached hereto.

 5.10 Investments, Guarantees, Contracts, etc. 

(a) Borrower does not own or hold equity, long term debt or other Investments in any other Person, except as shown on Schedule
5.10(a) attached hereto. 
 (b) Borrower has not entered into any leases for real or personal Property (whether as landlord
or tenant or lessor or lessee), except as shown on Schedule 5.10(b) attached hereto. 
 (c) Borrower is not a party to
any contract or agreement, or subject to any charter or other corporate restriction, which has or is reasonably likely to have a Material Adverse Effect. 
 (d) Borrower, except as otherwise specifically provided in this Agreement, has not agreed or consented to cause or permit any of its Property whether now owned or hereafter acquired to be subject in the
future (upon the happening of a contingency or otherwise), to a Lien not permitted by this Agreement. 

  
 31 

 5.11 Government Regulations, etc. 

(a) The use of the proceeds of and Borrower’s issuance of the Notes will not directly or indirectly violate or result in a violation
of Section 7 of the Securities Exchange Act of 1934, as amended, or any regulations issued pursuant thereto, including, without limitation, Regulations U, T and X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II.
Borrower does not own or intend to carry or purchase any “margin stock” within the meaning of said Regulation U. 

(b) Borrower has obtained all licenses, permits, franchises or other governmental authorizations necessary for the ownership of its
Property and for the conduct of its business. 
 (c) As of the date hereof, no employee benefit plan (“Pension
Plan”), as defined in Section 3(2) of ERISA, maintained by Borrower or under which Borrower could have any liability under ERISA: (i) has failed to meet the minimum funding standards established in Section 302 of ERISA;
(ii) has failed to comply in a material respect with all applicable requirements of ERISA and of the Internal Revenue Code, including all applicable rulings and regulations thereunder; (iii) has engaged in or been involved in a prohibited
transaction under Section 406 of ERISA or Section 4975 of the Internal Revenue Code which would subject Borrower to any material liability; or (iv) has been terminated if such termination would subject Borrower to any material
liability. Borrower has not assumed, or received notice of a claim asserted against Borrower for, withdrawal liability (as defined in Section 4207 of ERISA) with respect to any multi employer pension plan and is not a member of any Controlled
Group (as defined in ERISA). Borrower has timely made all contributions when due with respect to any multi employer pension plan in which it participates and no event has occurred triggering a claim against Borrower for withdrawal liability with
respect to any multi employer pension plan in which Borrower participates. All Employee Benefit Plans and multi employer pension plans in which Borrower participates are shown on Schedule 5.11(c) attached hereto. 

(d) Borrower is not in violation of or receipt of written notice that it is in violation of any applicable statute, regulation or
ordinance of the United States of America, or of any state, city, town, municipality, county or of any other jurisdiction, or of any agency, or department thereof, (including, without limitation, Environmental Laws or government procurement
regulations), a violation of which causes or is reasonably likely to cause a Material Adverse Effect. 
 (e) Borrower (and each
Guarantor) is current with all reports and documents required to be filed with any state or federal securities commission or similar agency and is in full compliance in all material respects with all applicable rules and regulations of such
commissions. 
 5.12 Business Interruptions. Within five (5) years prior to the date hereof, none of the business,
Property or operations of Borrower has been materially and adversely affected in any way by any casualty, strike, lockout, combination of workers, order of the United States of America, or any state or local government, or any political subdivision
or agency thereof, directed against Borrower. There are no pending or, to Borrower’s knowledge, threatened labor disputes, strikes, lockouts or similar occurrences or grievances affecting Borrower. No labor contract of Borrower is scheduled to
expire prior to December 1, 2015. 

  
 32 

 5.13 Names and Intellectual Property. 

(a) Within five (5) years prior to the Closing Date, Borrower has not conducted business under or used any other name (whether
corporate or assumed) except for the names shown on Schedule 5.13(a) attached hereto. Except to the extent that Borrower may conduct business under a name utilizing the word “Newtek” the ownership of which is with Parent, Borrower
is the sole owner of all names listed on such Schedule 5.13(a) and any and all business done and all invoices issued in such trade names are Borrower’s sales, business and invoices. Each trade name of Borrower, including business
conducted under a name utilizing the word “Newtek”, represents a division or trading style of Borrower and not a separate Subsidiary or Affiliate or independent entity. 

(b) All trademarks, service marks, patents or copyrights which Borrower uses, plans to use or has a right to use are shown on Schedule
5.13(b) attached hereto and Borrower has the legal authority to use such intellectual property in the conduct of its business. Borrower is not in violation of any rights of any other Person with respect to such Property. 

(c) Except as shown on Schedule 5.13(c) attached hereto: (i) Borrower does not require any copyrights, patents, trademarks or
other intellectual property, or any license(s) to use any patents, trademarks or other intellectual property (other than software licenses generally available) in order to provide services to its customers in the ordinary course of business; and
(ii) Lender will not require any copyrights, patents, trademarks or other intellectual property or any licenses to use the same in order to provide such services after the occurrence of an Event of Default. 

5.14 Other Associations. Borrower has not engaged in, nor has it any interest in, any joint venture or partnership with any other
Person except as shown on Schedule 5.14 attached hereto. 
 5.15 Environmental Matters. Except as shown on
Schedule 5.15 attached hereto: 
 (a) To Borrower’s knowledge after due inquiry, no Property presently owned, leased
or operated by Borrower contains, or has previously contained, any Hazardous Substances in amounts or concentrations which (i) constitute or constituted a violation of, or (ii) could give rise to liability under, any Environmental Law.

 (b) To Borrower’s knowledge after due inquiry, Borrower is in compliance, and, for the duration of all applicable
statutes of limitations periods, has been in compliance with all applicable Environmental Laws, and there is no contamination at, under or about any properties presently owned, leased, or operated by Borrower or violation of any Environmental Law
with respect to such properties which could reasonably be expected to interfere with any of their continued operations or reasonably be expected to impair the fair saleable value thereof. 

(c) Borrower has not received any notice of violation, alleged violation, non-compliance, liability or potential liability regarding
environmental matters or compliance with Environmental Laws and Borrower has no knowledge that any such notice will be received or is being threatened. 

  
 33 

 (d) Hazardous Substances have not been transported or disposed of in a manner or to a
location which are reasonably likely to give rise to liability of Borrower under any Environmental Law. 
 (e) No judicial
proceeding or governmental or administrative action is pending, or to the knowledge of Borrower, threatened under any Environmental Law to which Borrower is, or to Borrower’s knowledge will be, named as a party, nor are there any consent
decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding, the implementation of which is reasonably likely to have a Material Adverse Effect on Borrower’s
business, financial condition, Property or prospects under any Environmental Law. 
 5.16 Regulation O. No director,
executive officer or principal shareholder of Borrower or any Guarantor is a director, executive officer or principal shareholder of Lender. For the purposes hereof the terms “director” “executive officer” and “principal
shareholder” (when used with reference to Lender), have the respective meanings assigned thereto in Regulation O issued by the Board of Governors of the Federal Reserve System. 

5.17 Capital Stock. The authorized and outstanding Capital Stock of Borrower is as shown on Schedule 5.17 attached hereto.
All of the Capital Stock of Borrower has been duly and validly authorized and issued and is fully paid and non-assessable and has been sold and delivered to the holder thereof in compliance with, or under valid exemption from, all Federal and state
Laws and the rules and regulations of all Governmental Authorities governing the sale and delivery of securities. Except for the rights and obligations shown on Schedule 5.17, there are no subscriptions, warrants, options, calls, commitments,
rights or agreements by which Borrower or any of the shareholders of Borrower is bound relating to the issuance, transfer, voting or redemption of shares of its Capital Stock or any pre-emptive rights held by any Person with respect to the shares of
Capital Stock of Borrower. Except as shown on Schedule 5.17, Borrower has not issued any securities convertible into or exchangeable for shares of its Capital Stock or any options, warrants or other rights to acquire such shares or securities
convertible into or exchangeable for such shares. 
 5.18 Solvency. After giving effect to the transactions contemplated
under this Agreement, Borrower is solvent, is able to pay its debts as they become due, and has capital sufficient to carry on its business and all businesses in which it is about to engage, and now owns Property having a value both at fair
valuation and at present fair salable value greater than the amount required to pay Borrower’s debts. Borrower will not be rendered insolvent by the execution and delivery of this Agreement or any of the other Loan Documents executed in
connection with this Agreement or by the transactions contemplated hereunder or thereunder. 
 5.19 Perfection and
Priority. This Agreement and the other Loan Documents are effective to create in favor of Lender legal, valid, enforceable and perfected first priority (except for Liens in favor of Lender under the Term Loan Documents) Liens in all right, title
and interest of Borrower in the Collateral, superior in right to any and all other Liens, existing or future. 

  
 34 

 5.20 Commercial Tort Claims. As of the Closing Date, Borrower is not a party to any
Commercial Tort Claims, except as shown on Schedule 3.1(a)(xiv) attached hereto. 
 5.21 Letter of Credit Rights.
As of the Closing Date, Borrower has no rights under an outstanding letter of credit, except as shown on Schedule 5.21 attached hereto. 
 5.22 Deposit Accounts. All deposit accounts of Borrower are shown on Schedule 5.22 attached hereto. 
 5.23 Preferred Lender Status. As of the Closing Date, Borrower has been approved as and continues to be a preferred lender under the SBA’s Preferred Lender Program in accordance with the SBA
Rules and Regulations. Borrower has not been advised, and has no reason to believe, that it will not continue to be such a preferred lender after the Closing Date. 
 SECTION VI. BORROWER’S AFFIRMATIVE COVENANTS 
 Borrower
covenants that until all of the Obligations are paid and satisfied in full, that: 
 6.1 Payment of Taxes and Claims.
Borrower shall pay, before they become delinquent, all taxes, assessments and governmental charges, or levies imposed upon it, or upon Borrower’s Property, and all claims or demands of materialmen, mechanics, carriers, warehousemen, landlords
and other Persons, entitled to the benefit of statutory or common Law Liens which, in any case, if unpaid, would result in the imposition of a Lien upon its Property; provided however, that Borrower shall not be required to pay any such tax,
assessment, charge, levy, claim or demand if the amount, applicability or validity thereof, shall at the time, be contested in good faith and by appropriate proceedings by Borrower, and if Borrower shall have set aside on its books adequate reserves
in respect thereof, if so required in accordance with GAAP; which deferment of payment is permissible so long as no Lien other than a Permitted Lien has been entered and Borrower’s title to, and its right to use, its Property are not materially
adversely affected thereby. 
 6.2 Maintenance of Properties and Corporate Existence. 

(a) Property. Borrower shall maintain its Property in good condition (normal wear and tear excepted) make all necessary renewals,
replacements, additions, betterments and improvements thereto and will pay and discharge when due the cost of repairs and maintenance to its Property, and will pay all rentals when due for all real estate leased by Borrower. 

(b) Property Insurance, Public and Products Liability Insurance. Borrower shall maintain insurance (i) on all insurable
tangible Property against fire, flood, casualty and such other hazards (including, without limitation, extended coverage, workmen’s compensation, boiler and machinery, with inflation coverage by endorsement) and (ii) against public
liability, product liability and business interruption, in each case in such amounts, with such deductibles and with such insurers as are customarily used by companies operating in the same industry and geographic area as Borrower. At or prior to
Closing, Borrower shall furnish Lender with duplicate original policies of insurance or such other evidence of insurance as Lender may require, and any certificates of insurance shall be issued on Accord Form-27. In the event Borrower fails to
procure or cause to be procured any such insurance or to timely pay or cause to 

  
 35 

 
be paid the premium(s) on any such insurance, Lender may do so for Borrower, but Borrower shall continue to be liable for the same. The policies of all such casualty insurance shall contain
standard Lender’s Loss Payable Clauses (and, with respect to liability and interruption insurance, additional insured clauses) issued in favor of Lender under which all losses thereunder shall be paid to Lender as Lender’s interest may
appear. Such policies shall expressly provide that the requisite insurance cannot be altered or canceled without thirty (30) days prior written notice to Lender and shall insure Lender notwithstanding the act or neglect of Borrower. With
respect to any single claim which exceeds $500,000 or any series of claims in any twelve month period which in the aggregate exceeds $1,500,000, Borrower hereby appoints Lender as Borrower’s attorney-in-fact, exercisable at Lender’s option
to endorse any check which may be payable to Borrower in order to collect the proceeds of such insurance and any amount or amounts collected by Lender pursuant to the provisions of this Section may be applied by Lender, in its sole discretion, to
any Obligations or to repair, reconstruct or replace the loss of or damage to Collateral as Lender in its discretion may from time to time determine. Borrower further covenants that all insurance premiums owing under its current policies have been
paid. Borrower shall notify Lender, immediately, upon Borrower’s receipt of a notice of termination, cancellation, or non-renewal from its insurance company of any such policy. In addition Borrower shall, consistent with the requirements of the
SBA, cause each SBA 7(a) Loan Obligor to maintain Borrower as a named as additional insured or loss payee, as appropriate, in all such policies. 
 (c) Financial Records. Borrower shall keep current and accurate books of records and accounts in which full and correct entries will be made of all of its business transactions, and will reflect in
its financial statements adequate accruals and appropriations to reserves, all in accordance with GAAP. Borrower shall not change its Fiscal Year end date without the prior written consent of Lender. 

(d) Corporate Existence and Rights. Borrower shall do (or cause to be done) all things necessary to preserve and keep in full
force and effect its existence, good standing, rights and franchises. 
 (e) Compliance with Laws. Borrower shall be in
compliance with any and all Laws, ordinances, governmental rules and regulations, and court or administrative orders or decrees to which it is subject, whether federal, state or local, (including, without limitation, Environmental Laws and
government procurement regulations) and shall obtain any and all licenses, permits, franchises or other governmental authorizations necessary to the ownership of its Property or to the conduct of its businesses, which violation or failure to obtain
causes or could cause a Material Adverse Effect. Borrower shall timely satisfy all assessments, fines, costs and penalties imposed (after exhaustion of all appeals, provided a stay has been put in effect during such appeal) by any Governmental
Authority against Borrower or any Property of Borrower. Without limiting the foregoing, Borrower shall cause the Required Procedures, the SBA 7(a) Note Receivable Documents and all actions and transactions by Borrower in connection therewith
(a) to comply with SBA Rules and Regulations, and (b) to comply with all other requirements of all applicable Laws except where the failure to comply with such other requirements of any applicable Law reasonably could not be expected to
result in a Material Adverse Effect. 
 (f) Business Conducted. Borrower shall continue in the business presently
operated by it using its best efforts to maintain its customers and goodwill. Borrower shall not engage, directly or indirectly, in any material respect in any line of business materially different from the businesses conducted by Borrower
immediately prior to the Closing Date. 

  
 36 

 6.3 Litigation. Borrower shall give prompt notice to Lender of any litigation
claiming in excess of One Hundred Thousand Dollars ($100,000.00) from Borrower, or which is reasonably likely to have a Material Adverse Effect. 
 6.4 Issue Taxes. Borrower shall pay all taxes (other than taxes based upon or measured by any Lender’s income or revenues or any personal property tax), if any, in connection with the issuance
of the Notes and the recording of any lien documents. The obligations of Borrower hereunder shall survive the payment of Borrower’s Obligations hereunder and the termination of this Agreement. 

6.5 Bank Accounts. Borrower and each Guarantor shall maintain its primary depository and disbursement account(s) with Lender.

 6.6 Employee Benefit Plans. Borrower shall (a) fund all of its Pension Plan(s) in a manner that will satisfy the
minimum funding standards of Section 302 of ERISA, (b) furnish Lender, promptly upon Lender’s request, with copies of all reports or other statements filed with the United States Department of Labor, the PBGC or the IRS with respect
to all Pension Plan(s), or which Borrower, or any member of a Controlled Group, may receive from the United States Department of Labor, the IRS or the PBGC, with respect to all such Pension Plan(s), and (c) promptly advise Lender of the
occurrence of any reportable event (as defined in Section 4043 of ERISA, other than a reportable event for which the thirty (30) day notice requirement has been waived by the PBGC) or prohibited transaction (under Section 406 of ERISA
or Section 4975 of the Internal Revenue Code) with respect to any such Pension Plan(s) and the action which Borrower proposes to take with respect thereto. Borrower will make all contributions when due with respect to any multi employer pension
plan in which it participates and will promptly advise Lender upon (x) its receipt of notice of the assertion against Borrower of a claim for withdrawal liability, (y) the occurrence of any event which, to Borrower’s knowledge, would
trigger the assertion of a claim for withdrawal liability against Borrower, and (z) upon the occurrence of any event which, to Borrower’s knowledge, would place Borrower in a Controlled Group as a result of which any member (including
Borrower) thereof may be subject to a claim for withdrawal liability, whether liquidated or contingent. 
 6.7 Financial
Covenants. 
 (a) Borrower shall cause Parent to at all times comply with the following financial covenants which shall be
tested on Parent together with its consolidated Subsidiaries: 
 (i) As at the last day of each Fiscal Quarter, Parent shall
maintain a Fixed Charge Coverage Ratio of at least 1.50:1; and 
 (ii) As of the last day of each Fiscal Quarter, Parent shall
maintain a minimum EBITDA for the twelve (12) month period ending on each of the following dates of the following amounts: (A) as of the last day of each Fiscal Quarter during Fiscal Year 2011, $7,000,000; (B) as of March 31,
2012, June 30, 2012 and September 30, 2012, $7,500,000; and (C) as of the last day of each Fiscal Quarter thereafter, $10,500,000; and 
 (iii) There shall be at least $4,000,000.00 in unrestricted cash on the consolidated balance sheet of the Parent at all times. 

  
 37 

 (b) As of the last day of each Fiscal Quarter, Borrower shall maintain a minimum EBITDA for
the twelve (12) month period ending on each of the following dates of the following amounts: (A) as of March 31, 2011 and June 30, 2011, $2,200,000; (B) as of September 30, 2011 and December 31, 2011, $2,400,000;
(C) ) as of March 31, 2012, June 30, 2012 and September 30, 2012, $2,600,000; and (D) as of the last day of each Fiscal Quarter thereafter, $8,000,000. 

(c) Universal Processing Services of Wisconsin LLC (d/b/a Newtek Merchant Solutions) and shall at all times comply with the following
financial covenants which shall be tested on the basis of the results of the Electronic Payment Processing segment: 
 (i) As
of the last day of each Fiscal Quarter, Universal Processing Services of Wisconsin LLC (d/b/a Newtek Merchant Solutions) shall maintain a minimum EBITDA for the twelve (12) month period ending on each of the following dates of the following
amounts: (A) as of March 31, 2011, June 30, 2011; $5,000,000 (B) as of December 31, 2011, $5,500,000; (B) as of March 31, 2012, June 30, 2012 and September 30, 2012, $5,600,000; and (C) as
of the last day of each Fiscal Quarter thereafter, $6,800,000. 
 (ii) As of the last day of each Fiscal Quarter, Crystaltech
shall maintain a minimum EBITDA for the twelve (12) month period ending on each of the following dates of the following amounts: (A) as of the last day of each Fiscal Quarter through and including September 30, 2012, $5,400,000; and
(B) as of the last day of each Fiscal Quarter thereafter, $4,600,000. 
 (d) Borrower (on a stand-alone basis and without
regard to the combination or consolidation of any Subsidiary or Affiliate otherwise permitted or required under GAAP) will have net income (as determined in accordance with GAAP) for each fiscal quarter of Borrower of at least $1.00. 

6.8 Financial and Business Information; Other Reports. Borrower shall deliver or cause to be delivered to Lender the following:

 (a) Financial Statements and Collateral Reports. Such data, reports, statements and information, financial or
otherwise, as Lender may reasonably request, including, without limitation: 
 (i) (A) Within forty five (45) days after
the end of each Fiscal Quarter (other than the last Fiscal Quarter in any Fiscal Year), financial information regarding Parent and its consolidated subsidiaries, certified by the Chief Financial Officer of Parent, consisting of consolidated
(i) unaudited balance sheets as of the close of such Fiscal Quarter and the related statements of income and cash flows for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter; (ii) unaudited statements of income
and cash flows for such Fiscal Quarter, 

  
 38 

 
setting forth in comparative form the figures for the corresponding period in the prior year and on a trailing twelve month basis, and (iii) including an income statement for Parent on a
consolidated basis by business segment as currently reported by Parent, all prepared in accordance with GAAP (subject to normal year-end adjustments) and (B) within forty five (45) days after the end of each Fiscal Quarter, the actual
results of operations of Borrower for the Fiscal Quarter, compared to the Projections for such Fiscal Quarter. 
 (ii) Within
ninety (90) days after the end of each Fiscal Year, audited financial statements for Parent and its Subsidiaries on a consolidated basis, consisting of balance sheets, cash flow statements and statements (including statements on a business
segment basis) of income and retained earnings and, setting forth in comparative form in each case the figures for the previous Fiscal Year, which financial statements shall be prepared in accordance with GAAP and certified without qualification, by
an independent certified public accounting firm of national standing and acceptable to Lender. 
 (iii) Within fifteen
(15) days after the end of each Fiscal Month Borrowing Base Certificates, which shall include, among other things, detailed reporting as to eligibility of Financed Guaranteed Loans and Financed Non-Guaranteed Loans. 

(iv) Within forty five (45) days after the end of each Fiscal Quarter, financial information regarding Borrower and its
consolidated subsidiaries, certified by the Chief Financial Officer of Borrower, consisting of consolidated (i) unaudited balance sheets as of the close of such Fiscal Quarter and the related statements of income and cash flows for that portion
of the Fiscal Year ending as of the close of such Fiscal Quarter; (ii) unaudited statements of income and cash flows for such Fiscal Quarter, setting forth in comparative form the figures for the corresponding period in the prior year and on a
trailing twelve month basis, and (iii) including an income statement for Borrower on a consolidated basis by business segment as currently reported by Parent, all as prepared in accordance with GAAP (subject to normal year-end adjustments).

 (v) Within ninety (90) days after the end of each Fiscal Year, audited financial statements for Borrower and its
Subsidiaries on a consolidated basis, consisting of balance sheets, cash flow statements and statements (including statements on a business segment basis) of income and retained earnings and, setting forth in comparative form in each case the
figures for the previous Fiscal Year, which financial statements shall be prepared in accordance with GAAP and certified without qualification, by an independent certified public accounting firm of national standing and acceptable to Lender.

 (vi) Within ninety (90) days after the end of each Fiscal Year, three-year projections for Parent and for Borrower,
prepared in light of the past operations of their respective businesses, but including future payments of known contingent liabilities, prepared on a quarterly basis for the then current Fiscal Year and annually for the following two years
(“Projections”). The Projections shall be based upon the same accounting principles as those used in the preparation of the financial statements described above and the estimates and assumptions stated therein, all of which Parent
and Borrower each believe to be reasonable and fair in light of current conditions and current facts known to Parent and Borrower, as applicable, and reflect Parent’s and Borrower’s good faith and reasonable estimates of the future
financial performance of Parent and Borrower, respectively, for the periods set forth therein. 

  
 39 

 (b) Management Letters. Within five (5) Business Days after receipt thereof by
any Credit Party, copies of all management letters, exception reports or similar letters or reports received by such Credit Party from its independent certified public accountants. 

(c) Governmental Reports. Borrower agrees that, if requested by Lender, it shall promptly furnish Lender with copies of all
reports filed with any federal, state or local Governmental Authority. 
 (d) Notice of Event of Default. Promptly upon a
director or executive officer of Borrower obtaining knowledge of the existence of any condition or event which constitutes a Default or an Event of Default under this Agreement, Borrower shall provide Lender with a written notice specifying the
nature and period of existence thereof and what action Borrower is taking (and proposes to take) with respect thereto. 
 (e)
Notice of Claimed Default. Promptly upon receipt by Borrower of a notice of default, oral or written, given to Borrower by any creditor for Indebtedness for borrowed money, or otherwise holding long term Indebtedness of Borrower in excess of
Fifty Thousand Dollars ($50,000.00), Borrower shall give notice of the same to Lender. 
 (f) Securities and Other
Reports. If Borrower shall be required to file reports with the Securities and Exchange Commission pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, Borrower shall promptly upon its becoming available,
provide Lender with one copy of each financial statement, report, notice or proxy statement sent by Borrower to stockholders generally, and, a copy of each regular or periodic report, and any registration statement, or prospectus in respect thereof,
filed by Borrower with any securities exchange or with federal or state securities and exchange commissions or any successor agency. 
 6.9 Officers’ Certificates. Along with each set of financial statements and or reports delivered to Lender pursuant to Section 6.8 hereof, Borrower and each corporate Guarantor shall
deliver to Lender a certificate (“Compliance Certificate”) from the chief financial officer, chief executive officer or president of Borrower and each corporate Guarantor (and as to certificates accompanying the annual financial
statements of Borrower and each corporate Guarantor, also certified by Borrower’s independent certified public accountant) setting forth: 
 (a) Event of Default. That the signer has reviewed the relevant terms of this Agreement, and has made (or caused to be made under his/her supervision) a review of the transactions and conditions of
Borrower and each corporate Guarantor from the beginning of the accounting period covered by the financial statements being delivered therewith to the date of the certificate, and that such review has not disclosed the existence during such period
of any condition or event which constitutes a Default or an Event of Default or, if any such condition or event exists, specifying the nature and period of existence thereof and what action Borrower and/or each corporate Guarantor has taken or
proposes to take with respect thereto. 
 (b) Covenant Compliance; The information (including detailed calculations)
required in order to establish that Borrower is in compliance with the requirements of Section 6.7 of this Agreement, as of the end of the period covered by the financial statements delivered. 

  
 40 

 6.10 Audits and Inspection. Borrower shall permit any of Lender’s officers or
other representatives to visit and inspect upon reasonable notice during business hours any of the locations of Borrower, to examine and audit all of Borrower’s books of account, records, reports and other papers, to make copies and extracts
there from and to discuss its affairs, finances and accounts with its officers, employees and independent certified public accountants all at Borrower’s expense at the standard rates charged by Lender for such activities, plus Lender’s
reasonable out-of-pocket expenses (all of which amounts shall be Expenses). Borrower acknowledges that Lender intends to conduct such audits at least twice annually. 
 6.11 Blocked Account. On or before the Closing Date and until all Obligations have been fully and finally paid., Borrower shall establish a blocked account with Lender (“Blocked
Account”), and deposit and/or shall cause to be deposited directly into such Blocked Account all payments swept from the Trust Account in a manner consistent with the Cash Management System. 

6.12 Information to Participant. Lender may divulge to any participant, assignee or co-lender or prospective participant, assignee
or co-lender it may obtain in the Loan or any portion thereof, all information, and furnish to such Person copies of any reports, financial statements, certificates, and documents obtained under any provision of this Agreement, or related agreements
and documents. 
 6.13 Material Adverse Developments. Borrower agrees that immediately upon obtaining knowledge of any
development or other information outside the ordinary course of business (and excluding matters of a general economic, financial or political nature) which would reasonably be expected to have a Material Adverse Effect it shall give to Lender
telephonic notice specifying the nature of such development or information and such anticipated effect. In addition, such verbal communication shall be confirmed by written notice thereof to Lender on the same day such verbal communication is made
or the next Business Day thereafter. 
 6.14 Places of Business. Borrower shall give thirty (30) days prior written
notice to Lender of any changes in the location of any of their respective places of business, of the places where records concerning their Accounts or where its Inventory are kept, or the establishment of any new, or the discontinuance of any
existing, place of business; provided that Borrower may not establish any place of business outside of the United States. 

6.15 Commercial Tort Claims. Borrower will immediately notify Lender in writing in the event that Borrower becomes a party to or
obtains any rights with respect to any Commercial Tort Claim. Such notification shall include information sufficient to describe such Commercial Tort Claim, including, but not limited to, the parties to the claim, the court in which the claim was
commenced, the docket number assigned to such claim, if any, and a detailed explanation of the events that gave rise to the claim. Borrower shall execute and deliver to Lender all documents and/or agreements necessary to grant Lender a security
interest in such Commercial Tort Claim to secure the Obligations. Borrower authorizes Lender to file (without Borrower’s signature) initial financing statements or amendments, as Lender deems necessary to perfect its security interest in the
Commercial Tort Claim. 

  
 41 

 6.16 Letter of Credit Rights. Borrower shall provide Lender with written notice of
any letters of credit for which Borrower is the beneficiary. Borrower shall execute and deliver (or cause to be executed or delivered) to Lender, all documents and agreements as Lender may require in order to obtain and perfect its security interest
in such letters of credit. 
 6.17 Inter-Company and Shareholder Loans. All inter-company loans to Borrower from a
Guarantor or from any officer, director or employee, or affiliates shall be subordinate to this Loan pursuant to a subordination agreement in form and substance satisfactory to Lender. 

6.18 Separateness Covenant. Borrower agrees and covenants that: 

(a) Borrower will maintain Borrower’s separate existence and identity and will take reasonable steps to make it apparent to third
parties that Borrower is an entity with assets (in particular the Pledged Shares (as defined in the Pledge Agreement)) and liabilities distinct from those of each Guarantor. 
 (b) Not in limitation of the generality of the foregoing, Borrower agrees as follows: 
 (i) Borrower will not inadvertently commingle its assets in any material respects with those of any other Person and shall take all reasonable steps to maintain its assets in a manner that facilitates
their identification and segregation from those of each Guarantor; 
 (ii) Borrower shall take all reasonable steps to prevent
any of Borrower’s funds from at any time being pooled with any funds of each Guarantor and shall not maintain joint bank accounts or other depository accounts to which Guarantors have access; 

(iii) Borrower will conduct its business in its own name and from an office separate (or otherwise internally distinguishable) from that
of Guarantors; 
 (iv) Borrower will maintain separate corporate records and books of account from those of any other Person;

 (v) Borrower will maintain separate financial statements from those of any other Person; provided, however, financial
information about Borrower may be contained in consolidated financial statements issued by Parent; 
 (vi) Borrower will pay
its own liabilities, including the salaries of its own employees, consultants and agents, from its own funds and bank accounts; 
 (vii) Borrower will compensate Guarantors at market rates for any services that such parties render to Borrower; and 
 (viii) Borrower will observe the formalities of a corporation in all material respects. 

  
 42 

 6.19 Borrower as Servicer. Borrower shall at its own expense service all of the SBA
7(a) Note Receivables, including (i) the billing, posting and maintaining of complete records applicable thereto, and (ii) subject to applicable SBA Rules and Regulations, the taking of such action with respect thereto as Borrower may deem
advisable. 
 6.20 Negotiable Collateral. Borrower shall cause the original of each SBA 7(a) Loan Note to be delivered to
FTA or such other Person designated in accordance with the Multi-Party Agreement and to be dealt with as provided therein. Subject to the Multi-Party Agreement, in the event that any other Collateral, including proceeds, is evidenced by or consists
of collateral readily negotiable, and if and to the extent that perfection of priority of Lender’s security interest is dependent on or enhanced by possession, Borrower, immediately upon the request of Lender, shall endorse and deliver physical
possession of such negotiable collateral to Lender. 
 6.21 Collection of SBA 7(a) Note Receivables, Accounts, General
Intangibles and Chattel Paper. Subject in each case to the Multi-Party Agreement, at any time after the occurrence and during the continuation of a Default or Event of Default under this Agreement or any other Loan Document, Lender or
Lender’s designee may (a) notify SBA 7(a) Loan Obligors or other obligors that SBA 7(a) Note Receivables, Accounts, Chattel Paper, or General Intangibles have been assigned to Lender or that Lender has a security interest therein, or
(b) collect the SBA 7(a) Loan Receivables, Accounts, Chattel Paper or General Intangibles directly and charge the collection costs and expenses to the Loan Account. Subject in each case to the Multi-Party Agreement, Borrower agrees that it will
hold in trust for Lender, as Lender’s trustee, any payments with respect to or in connection with SBA 7(a) Note Receivables or SBA 7(a) Note Receivable Collateral that it receives and immediately will deliver said payments with respect to or in
connection with SBA 7(a) Note Receivables or SBA 7(a) Note Receivable Collateral to a replacement servicer appointed or approved by the SBA or, at the request of Lender with the SBA’s consent to Lender, in each case, in their original form as
received by Borrower. 
 6.22 Records. Borrower shall maintain accurate and materially complete records regarding all SBA
7(a) Note Receivables, including without limitation all SBA 7(a) Note Receivables which have been guaranteed by the principals of the respective SBA 7(a) Loan Obligors; provided that in no event shall such records fail to comply with the
requirements of the SBA Rules and Regulations. 
 6.23 Due Diligence. Borrower shall cooperate fully with Lender in
connection with Lender’s due diligence, from time to time, with respect to property proposed by Borrower as Collateral and SBA 7(a) Note Receivable Collateral. Lender shall be entitled to procure such appraisals, brokers’ price opinions,
lien search reports, tax filing reports, title reports, evaluations or other reports, certifications or information as it may require in connection with its evaluation or re-evaluation of any Collateral. 

6.24 Multi-Party Agreement; Trust Account Agreement; Blocked Account Agreement. Borrower shall comply in a timely manner with all
of its obligations and agreements 

  
 43 

 
under the Multi-Party Agreement, the Trust Account Agreement and the Blocked Account Agreement, including without limitation, providing complete and accurate instructions, in accordance with the
terms of the Blocked Account Agreement. 
 6.25 REO Property. Promptly upon acquisition of any REO Property, the
applicable Credit Party shall execute such deeds of trust, mortgages and other documentation with respect to such Credit Party’s interest in such REO Property, and to the extent, if any, required by SBA Rules and Regulations, obtain and deliver
or cause to be delivered to Lender, an appraisal that is compliant with the requirements of FIRREA, a mortgagee policy of title insurance, environmental report, engineering report or other documentation as Lender may reasonably request in connection
therewith. 
 6.26 Foreclosure (or Deed in Lieu) Regarding SBA 7(a) Note Receivable Collateral. Borrower shall notify
Lender of sending or recording any notice of default on a SBA 7(a) Note Receivable within fifteen (15) days of such sending or recording, and notify Lender thereof in writing with each Borrowing Base Certificate delivered to Lender. Borrower
shall also notify Lender in writing with each Borrowing Base Certificate delivered to Lender, the date upon which any notice of foreclosure sale was recorded and the initial date set for related foreclosure sale. In the case of a notice of
foreclosure sale, Borrower will also notify Lender in writing of the recordation of any related notice of trustee sale within five (5) days of recordation thereof, and include in such notice the date first set for sale. Promptly upon
consummation of any such foreclosure or trustee sale, or any deed or bill of sale in lieu of foreclosure, retention of collateral in satisfaction of debt or similar transaction, Borrower shall deliver to Lender true and complete copies of all
documentation executed (in the case of notices, postings and the like), or to be executed (in the case of deeds, bills of sale or other documents related to consummation of such transaction or transfer of such property), by Borrower in respect
thereof. In the event Borrower intends or expects, by means of any such foreclosure, deed or bill of sale in lieu of foreclosure, retention of collateral in satisfaction of debt or similar transaction, to acquire title to any personal property
included in the SBA 7(a) Note Receivable Collateral, Borrower shall, contemporaneously upon acquiring such title, execute and deliver to Lender such security agreements, financing statements or other documents as may be required by Lender in order
to maintain Lender’s interest therein (Borrower hereby appoints Lender as its attorney-in-fact, and grants Lender a special power of attorney, coupled with an interest, to execute any such security agreements, financing statements or other
documents, in Borrower’s name and on its behalf, and file and record same as required to perfect Lender’s interest therein). If permitted by applicable SBA Rules and Regulations, Borrower will not acquire title to, or take possession of,
any such real property unless Borrower has determined, based on an environmental site assessment prepared by a credentialed consultant acceptable to Lender who regularly conducts environmental audits, either that such real property, including all
improvements thereon, is in compliance with all applicable Environmental Laws and that there are no circumstances present on such real property relating to the use, management or disposal of any Hazardous Materials for which investigation, testing,
monitoring, containment, clean-up or remediation could be required under any Environmental Law, or that the cost of any such actions is justified and appropriate in relation to the liquidation value of such real property. 

6.27 Eligible SBA 7(a) Note Receivables. With regard to Financed Guaranteed Loans and Financed Non-Guaranteed Loans: (a) each
related SBA 7(a) Guaranteed Note Receivable 

  
 44 

 
and each related SBA 7(a) Non-Guaranteed Note Receivable, as applicable, will (i) represent bona fide existing obligations created by the lending of money by Borrower to SBA 7(a) Loan
Obligors in the ordinary course of Borrower’s business, (ii) be unconditionally owed to Borrower without defenses, disputes, offsets or counterclaims, or rights of return or cancellation and is secured by SBA 7(a) Note Receivable
Collateral in accordance with the Required Procedures, and (iii) be documented on Approved Forms in accordance with the Required Procedures. Unless otherwise clearly disclosed to Lender in writing prior to submission to Lender for evaluation
for eligibility, Borrower will not have received notice of (a) actual or imminent bankruptcy, insolvency, or material impairment of the financial condition of any SBA 7(a) Loan Obligor regarding any such SBA 7(a) Guaranteed Note Receivable or
any such SBA 7(a) Non-Guaranteed Note Receivable or (b) actual or threatened litigation regarding the validity or enforceability of any such SBA 7(a) Guaranteed Note Receivable or any such SBA 7(a) Non-Guaranteed Note Receivable or the
validity, enforceability or priority of any such SBA 7(a) Note Receivable Collateral. With respect to each such SBA 7(a) Guaranteed Note Receivable and each such Eligible SBA 7(a) Non-Guaranteed Note Receivable, Borrower will, no later than the
respective funding date of the related Financed Guaranteed Loan or Financed non-Guaranteed Loan, as applicable, have taken the steps required to perfect Borrower’s Liens in any SBA 7(a) Note Receivable Collateral for such SBA 7(a) Guaranteed
Note Receivable or such SBA 7(a) Non-Guaranteed Note Receivable, as applicable, against the applicable SBA 7(a) Loan Obligor in all applicable jurisdictions. Unless otherwise clearly disclosed to Lender in writing prior to or simultaneously with
submission to Lender for evaluation for eligibility, Borrower represents that it will be the sole legal and beneficial owner of each such SBA 7(a) Guaranteed Note Receivable, and that no participation interest or other ownership interest (legal,
beneficial or otherwise) has been sold or is otherwise outstanding with respect thereto. 
 6.28 Compliance. The Required
Procedures, the SBA 7(a) Note Receivable Documents and all actions and transactions by Borrower in connection therewith will comply in all material respects with all Applicable Laws. Borrower covenants and agrees that each Financed Guaranteed Loan
and each Financed Non-Guaranteed Loan shall comply with the following: (a) all conditions precedent to the effectiveness of the guaranty of the SBA and all other obligations of the SBA under Applicable Laws with respect thereto shall have been
met; (b) Borrower shall have perfected its security interests and Liens in and to all underlying collateral; (c) it shall conform to all SBA Rules and Regulations; and (d) it shall have been originated by Borrower. 

6.29 Intellectual Property. Borrower agrees as follows: 
 (iv) it will notify the Lender immediately if it knows, or has reason to know, that any application or registration relating to any Intellectual Property may become forfeited, abandoned or dedicated to
the public, or of any adverse determination or development (including, without limitation, the institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office, the United States Copyright
Office or any court or tribunal in any country) regarding Borrower’s ownership of, or the validity of, any Intellectual Property or Borrower’s right to register the same or to own and maintain the same; 

(v) whenever Borrower, either by itself or through any agent, 

  
 45 

 
employee, licensee or designee, shall file an application for the registration of any Intellectual Property with the United States Patent and Trademark Office, the United States Copyright Office
or any similar office or agency in any other country or any political subdivision thereof, it shall report such filing to the Lender within five (5) Business Days thereafter. Upon request of the Lender, Borrower, promptly but in any event no
later than three (3) Business Days after such request, will execute and deliver, and have recorded, any and all agreements, instruments, documents, and papers as the Lender may request to evidence the Lender’s security interest in any
Copyright, Patent or Trademark and the goodwill and general intangibles of Borrower relating thereto or represented thereby including, without limitation, a copyright security agreement, patent security agreement and/or a trademark security
agreement in form and substance satisfactory to the Lender for filing; 
 (vi) it will take all reasonable and necessary steps,
including, without limitation, in any proceeding before the United States Patent and Trademark Office, the United States Copyright Office or any similar office or agency in any other country or any political subdivision thereof, to maintain and
pursue each application relating to any Intellectual Property (and to obtain the relevant registration) and to maintain each registration of the Intellectual Property, including, without limitation, filing of applications for renewal, affidavits of
use and affidavits of incontestability; and 
 (vii) in the event that any Intellectual Property is infringed, misappropriated
or diluted by a third party, Borrower shall (i) take such actions as it shall reasonably deem appropriate under the circumstances to protect such Intellectual Property and (ii) if such Intellectual Property is of material economic value,
promptly notify the Lender after it learns thereof and sue for infringement, misappropriation or dilution, to seek injunctive relief where appropriate and to recover any and all damages for such infringement, misappropriation or dilution.

 6.30 Payments and Modifications of Subordinated Debt. Borrower will not, and will not permit any other Person to:
(a) declare, pay, make or set aside any amount for payment in respect of, (b) amend, modify or restate any of the terms of, or (c) enter into any refinancing of (i) any Subordinated Debt other than (A) the prepayment of
Subordinated Debt of one Credit Party owing to another Credit Party if (1) no Default or Event of Default shall have occurred or is continuing at the time of, or would result from, such prepayment, and (2) the proceeds of such prepayment
shall be used solely and strictly in accordance with the terms and provisions of the Loan Documents, including, without limitation, Section 7.6 hereof or Sections 13 and 27 of the respective Guaranty Agreements of the Guarantors, as applicable,
or (B) except as provided in clause (A)(1) above in this Section 6.30, without the prior written consent of Lender, which may be given or withheld in its sole and absolute discretion. 

  
 46 

 SECTION VII. BORROWER’S NEGATIVE COVENANTS 

Borrower covenants that until all of the Obligations are paid and satisfied in full and, that: 

7.1 Merger, Consolidation, Dissolution or Liquidation. 
 (a) Borrower shall not engage in any Asset Sale other than: (i) Inventory sold in the ordinary course of Borrower’s business; (ii) equipment that is replaced by other equipment of
comparable or superior quality and value within ninety (90) days of such Asset Sale; (iii) a sale of property in one transaction or a series of transactions with a fair market value of less than One Hundred Thousand Dollars ($100,000)
during any six month period; or (iv) Permitted Dispositions. 
 (b) Borrower shall not merge or consolidate with any other
Person or commence a dissolution or liquidation. 
 7.2 Acquisitions. Borrower shall not acquire all or a material
portion of the Capital Stock or assets of any Person in any transaction or in any series of related transactions or enter into any sale and leaseback transaction. 
 7.3 Liens and Encumbrances. Borrower shall not: (i) execute a negative pledge agreement with any Person covering any of its Property; or (ii) cause or permit or agree or consent to cause
or permit in the future (upon the happening of a contingency or otherwise), its Property (including, without limitation, the Collateral), whether now owned or hereafter acquired, to be subject to a Lien or be subject to any claim except for
Permitted Liens. 
 7.4 Transactions With Affiliates or Subsidiaries. Borrower shall not enter into any transaction with
any Subsidiary or other Affiliate, including, without limitation, the purchase, sale, or exchange of Property, or the loaning or giving of funds to any Affiliate or any Subsidiary unless: (i) (A) except with regard to loans or advances to
Borrower by either the Permitted Capcos or by Parent, such Subsidiary or Affiliate is engaged in a business substantially related to the business conducted by Borrower, and (B) except with regard to loans or advances to Borrower by either the
Permitted Capcos or by Parent expressly permitted under the Loan Documents, the transaction is in the ordinary course of Borrower’s business (but nevertheless such loans or advances to Borrower by either the Permitted Capcos or by Parent must
be consistent with past practices), and, in each case, pursuant to the reasonable requirements of Borrower’s business and upon terms substantially the same and no less favorable to Borrower as it would obtain in a comparable arm’s length
transactions with any Person not an Affiliate or a Subsidiary, and so long as such transaction is not prohibited hereunder; (ii) such transaction is intended for incidental administrative purposes; or (iii) it is a dividend. 

7.5 Guarantees. Excepting the endorsement in the ordinary course of business of negotiable instruments for deposit or collection
(and the joint obligations to Lender hereunder), Borrower shall not become or be liable, directly or indirectly, primary or secondary, matured or contingent, in any manner, whether as guarantor, surety, accommodation maker, or otherwise, for the
existing or future Indebtedness of any kind of any Person. 
 7.6 Distributions, Bonuses and Other Indebtedness. Borrower
shall not: (i) declare or pay any cash bonus compensation to its officers if an Event of Default exists or would result from the payment thereof; (ii) incur, become liable for or suffer to exist any Indebtedness other than Permitted
Indebtedness; (iii) make any prepayments on any existing or future Indebtedness (other than the Obligations); or (iv) make any Restricted Payments other than as permitted by clause (b)(v) of the definition of Permitted Investments.

  
 47 

 7.7 Loans and Investments. Borrower shall not make or have outstanding loans,
advances, extensions of credit, capital contributions or other Investments in or to any Person other than (i) Permitted Investments, and (ii) SBA 7(a) Loans and other SBA loans, in each case (a) that are originated by Borrower in the
ordinary course of Borrower’s business, (b) that are in compliance with and conform to the Required Procedures and the SBA Rules and Regulations and in all material respects with all other Applicable Laws, (c) as to which Borrower
shall have perfected its security interests and Liens in and to all underlying collateral, and (d) to the extent applicable, that otherwise meet the requirements applicable thereto set forth in the Loan Documents and the Term Loan Documents.

 7.8 Use of Lenders’ Name. Borrower shall not use Lender’s name in connection with any of its business
operations. Nothing herein contained is intended to permit or authorize Borrower to make any contract on behalf of Lender. 

7.9 Miscellaneous Covenants. 
 (a) Borrower shall not become or be a party to any contract or agreement which at the time of becoming a party to such contract or agreement materially impairs Borrower’s ability to perform under
this Agreement, or under any other instrument, agreement or document to which Borrower is a party or by which it is or may be bound. 
 (b) Borrower shall not carry or purchase any “margin stock” within the meaning of Regulations U, T or X of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II.

 7.10 Jurisdiction of Organization. Borrower shall not change its jurisdiction of organization. 

SECTION VIII. DEFAULT 
 8.1 Events of Default. Each of the following events shall constitute an event of default (“Event of Default”): 

(a) Payments. If Borrower fails to make any payment of principal or interest (including, without limitation, mandatory prepayments
pursuant to Section 2.5(d) hereof) under the Obligations on the date such payment is due and payable; or 
 (b) Other
Charges. If Borrower fails to pay any other charges, fees, Expenses or other monetary obligations owing to Lender arising out of or incurred in connection with this Agreement within five (5) Business Days after the date such payment is due
and payable; or 
 (c) Particular Covenant Defaults. If Borrower fails any covenant or undertaking contained in this
Agreement and (other than with respect to the covenants contained in Sections 2.1(b)(v), 6.7 and 7 for which no cure period shall exist other than as set forth in 8.1(d) below), such failure continues for ten (10) Business Days after the
occurrence thereof; 
 (d) Financial Covenant Defaults. Subject to the Limitation in Section 8.7 below, if Borrower
fails to perform, comply with or observe with respect to the covenants contained in Section 6.7, and such failure continues for five (5) Business Days after the occurrence thereof; 

  
 48 

 (e) Financial Information. If any statement, report, financial statement, or
certificate made or delivered by Borrower or any of its officers, employees or agents, to Lender is not true and correct, in all material respects, when made; or 
 (f) Delivery of SBA 7(a) Loan Notes. Borrower shall not deliver any SBA 7(a) Loan Note to FTA pursuant to the Multi-Party Agreement by the close of business on the fifth Business Day after the
funding date of any Financed Guaranteed Loan or Financed Non-Guaranteed loan, as the case may be. 
 (g) Uninsured Loss.
If there shall occur any uninsured damage to or loss, theft, or destruction in excess of One Hundred Thousand Dollars ($100,000.00) in the aggregate with respect to any portion of any Property of Borrower for which Borrower has not established a
cash or cash equivalent reserve in the full amount of such loss; or 
 (h) Warranties or Representations. If any
warranty, representation or other statement by or on behalf of Borrower contained in or pursuant to this Agreement, the other Loan Documents or in any document, agreement or instrument furnished in compliance with, relating to, or in reference to
this Agreement, is false, erroneous, or misleading in any material respect when made; or 
 (i) Agreements with Others.
(A) Borrower shall default beyond any grace period in the payment of principal or interest of any Indebtedness of Borrower (other than with respect to the Obligations) in excess of Twenty Five Thousand Dollars ($25,000.00) in the aggregate; or
(B) if Borrower otherwise shall default under the terms of any such other Indebtedness if the effect of such default is to enable the holder of such Indebtedness to accelerate the payment of Borrower’s obligations, which are the subject
thereof, prior to the maturity date or prior to the regularly scheduled date of payment; 
 (j) Other Agreements with
Lender. If Borrower or any Guarantor breaches or violates the terms of, or if a default (and expiration of any applicable cure period), or an Event of Default, occurs under, any Interest Hedging Instrument or any other existing or future
agreement (related or unrelated) (including, without limitation, the other Loan Documents) between Borrower or any Guarantor, on the one hand, and Lender on the other hand; or 
 (k) Judgments. If any final judgment for the payment of money in excess of One Hundred Thousand Dollars ($100,000.00) in the aggregate (i) which is, in the reasonable opinion of Lender, not
fully covered by insurance or (ii) for which Borrower has not established a cash or cash equivalent reserve in the full amount of such judgment, shall be rendered by a court of record against Borrower and such judgment shall continue
unsatisfied and in effect for a period of thirty (30) consecutive days without being vacated, discharged, satisfied or bonded pending appeal; or 
 (l) Assignment for Benefit of Creditors, etc. If Borrower makes or proposes in writing, an assignment for the benefit of creditors generally, offers a composition or extension to creditors, or
makes or sends notice of an intended bulk sale of any business or assets now or hereafter owned or conducted by Borrower; or 

  
 49 

 (m) Bankruptcy, Dissolution, etc. Upon the commencement of any action for the
dissolution or liquidation of Borrower, or the commencement of any proceeding to avoid any transaction entered into by Borrower, or the commencement of any case or proceeding for reorganization or liquidation of Borrower’s debts under the
Bankruptcy Code or any other state or federal Law, now or hereafter enacted for the relief of debtors, whether instituted by or against Borrower; provided, however, that Borrower shall have forty-five (45) days to obtain the
dismissal or discharge of involuntary proceedings filed against it, it being understood that during such forty-five (45) day period, Lender shall not be obligated to make Advances hereunder and Lender may seek adequate protection in any
bankruptcy proceeding; or 
 (n) Receiver. Upon the appointment of a receiver, liquidator, custodian, trustee or similar
official or fiduciary for Borrower or for Borrower’s Property; or 
 (o) Execution Process, etc. The issuance of any
execution or distraint process against any Property of Borrower; or 
 (p) Termination of Business. If Borrower ceases
any material portion of its business operations as presently conducted; or 
 (q) Pension Benefits, etc. If Borrower
fails to comply with ERISA so that proceedings are commenced to appoint a trustee under ERISA to administer Borrower’s employee plans or the PBGC institutes proceedings to appoint a trustee to administer such plan(s), or a Lien is entered to
secure any deficiency or claim or a “reportable event” as defined under ERISA occurs; or 
 (r) Investigations.
A determination by Lender that it is reasonable to conclude, based on one or more events which have occurred, such as an indictment, announcement of formal investigation or similar event, that Borrower is engaged, directly or indirectly, in any type
of activity which would reasonably be likely to result in the forfeiture of property of Borrower to any governmental entity, federal, state or local, in an amount or of a value which would be material to Borrower’s financial condition or
business; or 
 (s) Guaranty Agreement and Guarantor Security Agreement. If any breach or default occurs under a Guaranty
Agreement or Guarantor Security Agreement, or if a Guaranty Agreement or Guarantor Security Agreement, or any obligation to perform thereunder, is terminated; or 
 (t) Liens. If any Lien in favor of Lender shall cease to be valid, enforceable and perfected and prior to all other Liens other than Permitted Liens or if Borrower or any Governmental Authority
shall assert any of the foregoing; or 
 (u) Material Adverse Effect. If there is any change in Borrower’s or any
Guarantor’s financial condition which, in Lender’s reasonable good faith opinion, has or would be reasonably likely to have a Material Adverse Effect, or 

  
 50 

 (v) Other Loan Documents. If any other Person (other than Lender) party to a Loan
Document, breaches or violates any material (as determined by Lender) term, provision or condition of such Loan Document; 
 (w)
Enforceability of Loan Documents. Any of the Loan Documents shall for any reason fail to constitute the valid and binding agreement of any Credit Party thereto, or any such Credit Party shall so assert; or 

(x) SBA Status. If Borrower shall lose, or have any material limitation imposed upon, its authority to process, close, service,
collect enforce or liquidate any SBA 7(a) Loans, which material limitation may not include the loss of Borrower’s status as a lender under the SBA Preferred Lender Program. 

8.2 Cure. Nothing contained in this Agreement or the Loan Documents shall be deemed to compel Lender to accept a cure of any Event
of Default hereunder. 

  
 51 

 8.3 Rights and Remedies on Default. 

(a) In addition to all other rights, options and remedies granted or available to Lender under this Agreement or the Loan Documents (each
of which is also then exercisable by Lender), or otherwise available at Law or in equity, upon or at any time after the occurrence and during the continuance of an Event of Default Lender may, in its discretion, cease making Advances hereunder,
terminate the Loan and declare the Obligations immediately due and payable, all without demand, notice, presentment or protest or further action of any kind (it also being understood that the occurrence of any of the events or conditions set forth
in Sections 8.1(k),(l) or (m) shall automatically cause an acceleration of the Obligations). 
 (b) In addition to all
other rights, options and remedies granted or available to Lender under this Agreement or the Loan Documents (each of which is also then exercisable by Lender), or otherwise available at Law or in equity, upon or at any time after the acceleration
of the Obligations following the occurrence of an Event of Default (other than the rights with respect to clause (iv) below which Lender may exercise at any time after an Event of Default and regardless of whether there is an acceleration),
Lender may, in its discretion, exercise all rights under the UCC and any other applicable Law or in equity, and under all Loan Documents permitted to be exercised after the occurrence of an Event of Default, including the following rights and
remedies (which list is given by way of example and is not intended to be an exhaustive list of all such rights and remedies): 

(i) the right to take possession of, send notices regarding and collect directly the Collateral, with or without judicial process
(including without limitation the right to notify the United States postal authorities to redirect mail addressed to Borrower to an address designated by Lender); or 
 (ii) by its own means or with judicial assistance, enter Borrower’s premises and take possession of the Collateral, or render it unusable, or dispose of the Collateral on such premises in compliance
with subsection (e) below, without any liability for rent, storage, utilities or other sums, and Borrower shall not resist or interfere with such action; or 
 (iii) require Borrower at Borrower’s expense to assemble all or any part of the Collateral (other than real estate or fixtures) and make it available to Lender at any place designated by Lender; or

 (iv) take additional reserves against the Borrowing Base; or 

(v) the right to enjoin any violation of Section 7.1, it being agreed that Lender’s remedies at Law are inadequate.

 (c) Borrower hereby agrees that a notice received by it at least seven (7) days before the time of any intended public
sale or of the time after which any private sale or other disposition of the Collateral is to be made, shall be deemed to be reasonable notice of such sale or other disposition. If permitted by applicable Law, any perishable inventory or Collateral
which threatens to speedily decline in value or which is sold on a recognized market may be sold immediately by Lender without prior notice to Borrower. Borrower covenants and agrees not to interfere with or impose any obstacle to Lender’s
exercise of its rights and remedies with respect 

  
 52 

 
to the Collateral, after the occurrence of an Event of Default hereunder. Lender shall have no obligation to clean up or prepare the Collateral for sale. If Lender sells any of the Collateral
upon credit, Borrower will only be credited with payments actually made by the purchaser thereof, that are received by Lender. Lender may, in connection with any sale of the Collateral specifically disclaim any warranties of title or the like.

 8.4 Nature of Remedies. All rights and remedies granted Lender hereunder and under the Loan Documents, or otherwise
available at Law or in equity, shall be deemed concurrent and cumulative, and not alternative remedies, and Lender may proceed with any number of remedies at the same time until all Obligations are satisfied in full. The exercise of any one right or
remedy shall not be deemed a waiver or release of any other right or remedy, and Lender, upon or at any time after the occurrence of an Event of Default, may proceed against Borrower, at any time, under any agreement, with any available remedy and
in any order. 
 8.5 Set-Off. If any bank account of Borrower with Lender or any participant is attached or otherwise
liened or levied upon by any third party, Lender (and such participant) shall have and be deemed to have, without notice to Borrower, the immediate right of set-off and may apply the funds or amount thus set-off against any of Borrower’s
Obligations hereunder. 
 8.6 Limitation on Remedies. 

(a) Notwithstanding, anything else to the contrary contained herein, with respect to an Event of Default under Section 6.7 hereof,
Lender agrees that it shall not be entitled to exercise its rights under Section 8.3(a) or 8.3(b), provided, that Lender is expressly permitted to take additional Reserves against Availability, or to impose the Default Rate on the Loan. The
foregoing limitation shall not apply if there shall have occurred any other Event of Default hereunder in which case Lender’s right of action shall not be impaired. Furthermore during such Event of Default nothing shall be deemed to limit
Lender’s right to pursue any action against any Guarantor. 
 (b) Notwithstanding any provision of Section 8.3(a) and
(b), any exercise of the rights and remedies of Lender solely as it relates to the Loans and Borrower under Section 8.3(a) and (b) may be subject to the provisions of the Multi-Party Agreement. 

SECTION IX. MISCELLANEOUS 
 9.1 Governing Law. THIS AGREEMENT, AND ALL RELATED AGREEMENTS AND DOCUMENTS, SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD
TO PRINCIPLES OF CONFLICTS OF LAW (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). THE PROVISIONS OF THIS AGREEMENT AND ALL OTHER AGREEMENTS AND DOCUMENTS REFERRED TO HEREIN ARE TO BE DEEMED SEVERABLE, AND THE INVALIDITY OR
UNENFORCEABILITY OF ANY PROVISION SHALL NOT AFFECT OR IMPAIR THE REMAINING PROVISIONS WHICH SHALL CONTINUE IN FULL FORCE AND EFFECT. 

  
 53 

 9.2 Integrated Agreement. The Notes, the other Loan Documents, all related
agreements, and this Agreement shall be construed as integrated and complementary of each other, and as augmenting and not restricting Lender’s rights and remedies. If, after applying the foregoing, an inconsistency still exists, the provisions
of this Agreement shall constitute an amendment thereto and shall control. 
 9.3 Waiver. No omission or delay by Lender
in exercising any right or power under this Agreement or any related agreements and documents will impair such right or power or be construed to be a waiver of any Default, or Event of Default or an acquiescence therein, and any single or partial
exercise of any such right or power will not preclude other or further exercise thereof or the exercise of any other right, and as to Borrower no waiver will be valid unless in writing and signed by Lender and then only to the extent specified.

 9.4 Indemnity. 
 (a) Borrower releases and shall indemnify, defend and hold harmless Lender and its respective officers, employees and agents, of and from any claims, demands, liabilities, obligations, judgments,
injuries, losses, damages and costs and expenses (including, without limitation, reasonable legal fees) resulting from (i) acts or conduct of Borrower under, pursuant or related to this Agreement and the other Loan Documents,
(ii) Borrower’s breach or violation of any representation, warranty, covenant or undertaking contained in this Agreement or the other Loan Documents, (iii) Borrower’s failure to comply with any or all Laws, statutes, ordinances,
governmental rules, regulations or standards, whether federal, state or local, or court or administrative orders or decrees, (including without limitation Environmental Laws, etc.), and (iv) any claim by any other creditor of Borrower against
Lender arising out of any transaction whether hereunder or in any way related to the Loan Documents and all costs, expenses, fines, penalties or other damages resulting there from, unless resulting solely from acts or conduct of Lender constituting
willful misconduct or gross negligence. 
 (b) Promptly after receipt by an indemnified party under subsection (a) above of
notice of the commencement of any action by a third party, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under such subsection, notify the indemnifying party in writing of the commencement
thereof. The omission so to notify the indemnifying party shall relieve the indemnifying party from any liability which it may have to any indemnified party under such subsection only if the indemnifying party is unable to defend such actions as a
result of such failure to so notify. In case any such action shall be brought against any indemnified party and it shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and,
to the extent that it shall wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be
counsel to the indemnified party), and, after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party under such subsection
for any legal expenses of other counsel or any other expenses, in each case subsequently incurred by such indemnified party, in connection with the defense thereof other than reasonable costs of investigation. 

  
 54 

 9.5 Time. Whenever Borrower shall be required to make any payment, or perform any
act, on a day which is not a Business Day, such payment may be made, or such act may be performed, on the next succeeding Business Day. Time is of the essence in Borrower’s performance under all provisions of this Agreement and all related
agreements and documents. 
 9.6 Expenses of Lender. At the Closing and from time to time thereafter, Borrower will pay
within five (5) Business Days of receipt of written demand of Lender all reasonable costs, fees and expenses of Lender in connection with (i) the analysis, negotiation, preparation, execution, administration, delivery and termination of
this Agreement, and other Loan Documents and the documents and instruments referred to herein and therein, and any amendment, amendment and restatement, supplement, waiver or consent relating hereto or thereto, whether or not any such amendment,
amendment and restatement, supplement, waiver or consent is executed or becomes effective, search costs, the reasonable fees, expenses and disbursements of counsel for Lender, any fees or expenses incurred by Lender under Section 6.10 for which
Borrower are obligated thereunder, and reasonable charges of any independent appraisers and consultants to Lender (and without limiting the generality of all of the foregoing, the costs and expenses in connection with the creation and perfection of
the Liens created by this Agreement and the other Loan Documents, including title investigations, Lien searches and other costs and expenses); (ii) the enforcement of Lender’s rights hereunder, or the collection of any payments owing from,
Borrower under this Agreement and/or the other Loan Documents or the protection, preservation or defense of the rights of Lender hereunder and under the other Loan Documents; and (iii) any refinancing or restructuring of the credit arrangements
provided under this Agreement and other Loan Documents in the nature of a “work-out” or arising in connection with any insolvency or bankruptcy proceedings (including any action Lender deems necessary to protect its interest in such
proceedings, or otherwise (including the reasonable fees and disbursements of counsel for Lender and, with respect to clauses (ii) and (iii), reasonable allocated costs of internal counsel)) (collectively, the “Expenses”).

 9.7 Brokerage. This transaction was brought about and entered into by Lender and Borrower acting as principals and
without any brokers, agents or finders being the effective procuring cause hereof. Borrower represents that it has not committed Lender to the payment of any brokerage fee, commission or charge in connection with this transaction. If any such claim
is made on Lender by any broker, finder or agent or other person alleging that it is based on actions of Borrower, a Guarantor or any affiliate, officer director or employee of either of them, Borrower hereby indemnifies, defends and saves such
party harmless against such claim and further will defend, with counsel satisfactory to Lender, any action or actions to recover on such claim, at Borrower’s own cost and expense, including such party’s reasonable counsel fees. Borrower
further agree that until any such claim or demand is adjudicated in such party’s favor, the amount demanded shall be deemed an Obligation of Borrower under this Agreement. 

  
 55 

 9.8 Notices. 

(a) Any notices or consents required or permitted by this Agreement shall be in writing and shall be deemed given if delivered in person
to the person listed below or by nationally recognized overnight courier, as follows, unless such address is changed by written notice hereunder: 
  

			
	If to Lender to:	  	Capital One, National Association
		  	1001 Avenue of the Americas
		  	New York, NY 10018
		  	Attention: James Wohn
		  	                 Senior Vice President
		
	With a copy to Bank Counsel:	  	Troutman Sanders LLP
		  	The Chrysler Building
		  	405 Lexington Avenue
		  	New York, NY 10174
		  	Attention: William D. Freedman, Esq.
		
	If to Borrower to:	  	Newtek Small Business Finance, Inc.
		  	212 West 35th Street, 2nd
Floor
		  	New York, NY 10001
		  	Attention: Peter Downs, President
		
	With a copy to Borrower Counsel:	  	Legal Department
		  	Newtek Business Services, Inc.
		  	212 West 35th Street, 2nd
Floor
		  	New York, NY 10001

 (b) Any notice sent by Lender, or Borrower by any of the above methods shall be deemed to be given when
so received. Failure to send a copy to counsel shall not invalidate any notice otherwise properly given. 
 (c) All parties
shall be fully entitled to rely upon any telecopy transmission or other writing purported to be sent by any Authorized Officer (whether requesting an Advance or otherwise) as being genuine and authorized. 

9.9 Headings. The headings of any paragraph or Section of this Agreement are for convenience only and shall not be used to
interpret any provision of this Agreement. 
 9.10 Survival. All warranties, representations, and covenants made by
Borrower herein, or in any agreement referred to herein or on any certificate, document or other instrument delivered by it or on its behalf under this Agreement, shall be considered to have been relied upon by Lender, and shall survive the delivery
to Lender of the Notes, regardless of any investigation made by Lender or on its behalf. All statements in any such certificate or other instrument prepared and/or delivered for the benefit of Lender shall constitute warranties and representations
by Borrower hereunder. Except as otherwise expressly provided herein, all covenants made by Borrower hereunder or under any other agreement or instrument shall be deemed continuing until all Obligations are satisfied in full. All indemnification
obligations under this Agreement, including, without limitation, under Section 6.4, 9.4 and 9.7, shall survive the termination of this Agreement and payment of the Obligations for a period of two (2) years. 

9.11 Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each
of the parties. Borrower may not transfer, 

  
 56 

 
assign or delegate any of its duties or obligations hereunder. Borrower acknowledges and agrees that Lender may at any time, and from time to time, (a) sell participating interests in the
Loan, and Lender’s rights hereunder to other financial institutions, and (b) sell, transfer, or assign the Loan and Lender’s rights hereunder, to any one or more additional banks or financial institutions, subject (as to Lender’s
rights under this clause (b)) to Borrower’s written consent, which consent shall not be unreasonably withheld; provided that, no consent under this clause (b) shall be required if an Event of Default exists at the time of such sale,
transfer or assignment. 
 9.12 Counterparts. Two or more duplicate originals of this Agreement may be signed by the
parties, each of which shall be an original but all of which together shall constitute one and the same instrument. 
 9.13
Modification. No modification hereof or any agreement referred to herein shall be binding or enforceable unless in writing and signed by both Borrower and Lender. 
 9.14 Signatories. Each individual signatory hereto represents and warrants that he is duly authorized to execute this Agreement on behalf of his principal and that he executes the Agreement in such
capacity and not as a party. 
 9.15 Third Parties. No rights are intended to be created hereunder, or under any related
agreements or documents for the benefit of any third party donee, creditor or incidental beneficiary of Borrower. Nothing contained in this Agreement shall be construed as a delegation to Lender of Borrower’s duty of performance, including,
without limitation, Borrower’s duties under any account or contract with any other Person. 
 9.16 Discharge of Taxes,
Borrower’s Obligations, Etc.. Lender, in its sole discretion, shall have the right at any time, and from time to time, with at least ten (10) days prior notice to Borrower if Borrower fail to do so, to: (a) pay for the
performance of any of Borrower’s obligations hereunder, and (b) discharge taxes or Liens, at any time levied or placed on Borrower’s Property in violation of this Agreement unless Borrower is in good faith with due diligence by
appropriate proceedings contesting such taxes or Liens and maintaining proper reserves therefor in accordance with GAAP. Expenses and advances shall be added to the Loan, and bear interest at the rate applicable to the Loan, until reimbursed to
Lender. Such payments and advances made by Lender shall not be construed as a waiver by Lender of a Default or Event of Default under this Agreement. 
 9.17 Withholding and Other Tax Liabilities. In the event that any Lien, assessment or tax liability against Borrower shall arise in favor of any taxing authority, whether or not notice thereof
shall be filed or recorded as may be required by Law, Lender shall have the right (but shall not be obligated, nor shall Lender hereby assume the duty) to pay any such Lien, assessment or tax liability by virtue of which such charge shall have
arisen; provided, however, that Lender shall not pay any such tax, assessment or Lien if the amount, applicability or validity thereof is being contested in good faith and by appropriate proceedings by Borrower. In order to pay any such Lien,
assessment or tax liability, Lender shall not be obliged to wait until such lien, assessment or tax liability is filed before taking such action as hereinabove set forth. Any sum or sums which Lender shall have paid for the discharge of any such
Lien shall be added to the Loan and shall be paid by Borrower to Lender with interest thereon at the rate applicable to the Loan, upon demand, and Lender shall be subrogated to all rights of such taxing authority against Borrower. 

  
 57 

 9.18 Consent to Jurisdiction. Borrower and Lender each hereby irrevocably consent to
the non-exclusive jurisdiction of the federal and state courts located in the City of New York, Borough of Manhattan in any and all actions and proceedings whether arising hereunder or under any other agreement or undertaking. Borrower waives any
objection which Borrower may have based upon lack of personal jurisdiction, improper venue or forum non conveniens. Borrower irrevocably agrees to service of process by certified mail, return receipt requested to the address of the
appropriate party set forth herein. 
 9.19 Additional Documentation. Borrower shall execute and/or re-execute, and cause
any Guarantor or other Person party to any Loan Document, to execute and/or re-execute and to deliver to Lender or Lender’s counsel, as may be deemed appropriate, any document or instrument signed in connection with this Agreement which
reflects manifest error in its drafting or incorrectly drafted and/or signed, as well as any document or instrument which should have been signed at or prior to the Closing, but which was not so signed and delivered. Borrower agrees to comply with
any written request by Lender within ten (10) days after receipt by Borrower of such request. 
 9.20 Advertisement.

 (a) Lender, in its sole discretion, shall have the right to announce and publicize the financing established hereunder, as it
deems appropriate, by means and media selected by Lender. Such publication shall include all pertinent information relating to such financing, including without limitation, the term, purpose, pricing, loan amount, and name of Borrower. 

(b) The form and content of the published information shall be in the sole discretion of Lender and shall be considered the sole and
exclusive property of Lender. All expenses related to publicizing the financing shall be the sole responsibility of Lender. 

9.21 Waiver of Jury Trial. BORROWER AND LENDER EACH HEREBY WAIVE ANY AND ALL RIGHTS IT MAY HAVE TO A JURY TRIAL IN CONNECTION
WITH ANY LITIGATION, PROCEEDING OR COUNTERCLAIM ARISING WITH RESPECT TO RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO OR UNDER THE LOAN DOCUMENTS OR WITH RESPECT TO ANY CLAIMS ARISING OUT OF ANY DISCUSSIONS, NEGOTIATIONS OR COMMUNICATIONS INVOLVING
OR RELATED TO ANY PROPOSED RENEWAL, EXTENSION, AMENDMENT, MODIFICATION, RESTRUCTURE, FORBEARANCE, WORKOUT, OR ENFORCEMENT OF THE TRANSACTIONS CONTEMPLATED BY THE LOAN DOCUMENTS. 

9.22 Consequential Damages. Neither Lender nor agent or attorney of Lender, shall be liable for any consequential damages arising
from any breach of contract, tort or other wrong relating to the establishment, administration or collection of the Obligations. 

  
 58 

 9.23 Inconsistency with Term Loan Documents. In the event of any inconsistency
between the terms and conditions of this Agreement and the Loan Documents, on the one hand, and the terms and conditions of the Term Loan Agreement and the other Term Loan Documents, on the other hand, the terms and conditions of this Agreement and
the Loan Documents shall govern. 
 9.24 USA Patriot Act. Lender hereby notifies Borrower that pursuant to the
requirements of USA Patriot Act (Title III of Pub. L. 107-56 (signed into Law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies Borrower, which information includes the name
and address of Borrower and other information that will allow Lender to identify Borrower in accordance with the Act. 
 9.25
Joinder of Guarantors. Borrower shall notify the Lender within one (1) Business Day after any Person is required to join the Second Lien Collateral Agreement as a Guarantor, and will, within five (5) Business Days after the date any
such Person is required to join the Second Lien Collateral Agreement as a Guarantor, deliver to the Lender a Guaranty Agreement, a Security Agreement and such other documents and instruments as the Lender shall request with regard to such Person or
in connection with such Guaranty Agreement and Security Agreement, in each case upon such terms and subject to such conditions as the Lender shall deem necessary or appropriate. 

9.26 Anti-Money Laundering/International Trade Law Compliance. Borrower represents and warrants to the Lender, as of the date of
this Agreement, as of the date of the making of each Loan hereunder, and as of the date of any renewal, extension or modification of this Agreement, that: (A) none of Parent, Borrower, any Guarantor or any Subsidiary of any of them (i) is
listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person or entity, or subject to any limitations or prohibitions (including but not limited to the blocking of property or rejections of transactions) under
any order or directive of any Compliance Authority (as hereinafter defined); (ii) has any of its assets in a Sanctioned Country in violation of any law or regulation enforced by any Compliance Authority or in the possession, custody or control
of a Sanctioned Person; or (iii) does business in or with, or derives any of its operating income from investments in or transactions with, any Sanctioned Person or Sanctioned Country in violation of any law or regulation enforced by any
Compliance Authority; (B) the proceeds of this Agreement will not be used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or, in violation of any law or regulation enforced by
any Compliance Authority, a Sanctioned Country; and (C) each of Parent, Borrower, any Guarantor and each Subsidiary of any of them is in compliance with, and none of none of Parent, Borrower, any Guarantor or any Subsidiary of any of them
engages in any dealings or transactions prohibited by, any laws of the United States including the USA Patriot Act, the Trading with the Enemy Act, or the U.S. Foreign Corrupt Practices Act of 1977, all as amended, supplemented or replaced from time
to time. As used herein: “Compliance Authority” means each and all of the (a) U.S. Department of the Treasury’s Office of Foreign Asset Control; (b) U.S. Treasury Department/Financial Crimes Enforcement Network;
(c) U.S. State Department/Directorate of Defense Trade Controls; (d) U.S. Commerce Department/Bureau of Industry and Security; (e) U.S. Internal Revenue Service; (f) U.S. Justice Department; and (g) U.S. Securities and
Exchange Commission; “Sanctioned Country” means a country subject to a sanctions program maintained by any Compliance Authority; and “Sanctioned Person” means any individual person, a group, regime, entity or thing
subject to, or specially designated under, any sanctions program maintained by any Compliance Authority. 
 [Remainder of Page
Intentionally Left Blank] 

  
 59 

 IN WITNESS WHEREOF, the undersigned parties have executed this Agreement the day and year
first above written. 
  

			
	NEWTEK SMALL BUSINESS FINANCE, INC.
		
	By:	 	 /s/ Peter Downs

	Name:	 	Peter Downs
	Title:	 	President
	
	CAPITAL ONE, NATIONAL ASSOCIATION
		
	By:	 	 /s/ James Wohn

	Name:	 	James Wohn
	Title:	 	Senior Vice President

  
 60 

 SCHEDULE A 
 DEFINITION OF INELIGIBLE FINANCED SBA LOANS 
 The term
“Ineligible Financed SBA Loans” means the portion of each SBA 7(a) Loan as to which any of the exclusionary criteria set forth below applies; provided, however, that Lender reserves the right, at any time and from time
to time after the Closing Date, to adjust any of the criteria set forth below and to establish new criteria with respect to Eligible SBA 7(a) Loans, in its reasonable credit judgment; provided, further, however, that Lender
shall provide twenty-five (25) days prior written notice to Borrower with respect to any adjustment of existing criteria or establishment of new criteria that would have the effect of reducing the availability of Advances to Borrower.

 Ineligible Financed SBA Loans are SBA 7(a) Loans: 
 (i) as to which all conditions precedent to the effectiveness of the SBA guaranty with respect to the applicable SBA 7(a) Loan have not been met; 

(ii) with respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed Loans, with respect to which Borrower has not perfected
its security interests and Liens in all underlying collateral for the applicable SBA 7(a) Loan; provided, that at the discretion of Lender, the perfection requirements of this clause may be deemed satisfied if escrow arrangements reasonably
acceptable to Lender are in place to insure that all steps necessary for such perfection will be accomplished promptly, and in any event within seven (7) Business Days following the disbursement by Borrower of the proceeds of such SBA 7(a)
Loan; 
 (iii) with respect to which the applicable SBA 7(a) Loan does not conform to all requirements of the SBA applicable to
the initial approval and guaranty by the SBA thereof; 
 (iv) with respect to which the applicable SBA 7(a) Loan, SBA 7(a) Loan
Notes or SBA 7(a) Note Receivable Documents do not comply in all material respects with applicable Laws; 
 (v) with respect to
which an event or condition has occurred that would release the SBA from its obligations to Borrower with respect to the applicable SBA 7(a) Loan, or the SBA has rejected the applicable SBA 7(a) Loan or the applicable SBA 7(a) Note Receivable
Documents in any respect, or an event pursuant to which the SBA has reduced the amount of its guarantee of any of the foregoing (but in such event only to the extent of such reduction); 

(vi) with respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed Loans, with respect to which the insurance coverage
required by the applicable SBA Note Receivable Documents has been cancelled or lapsed or Borrower has not been named as loss payee or additional insured, as applicable, with respect thereto; 

(vii) with respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed Loans, with respect to which an event or condition has
occurred that would 

  
 61 

 
release the SBA from its obligations to Borrower with respect to the applicable SBA 7(a) Loan, or the SBA has rejected the applicable SBA 7(a) Loan or the applicable SBA 7(a) Note Receivable
Documents in any respect; 
 (viii) with respect to which the applicable SBA 7(a) Loan was not originated by Borrower;

 (ix) with respect to which the applicable SBA 7(a) Loan does not conform in all material respects to Borrower’s written
credit and underwriting guidelines, as in effect on the date the applicable SBA 7(a) Loan was underwritten, copies of which have been previously delivered to Lender; 
 (x) to the extent that the outstanding principal amount of any SBA 7(a) Guaranteed Note Receivable exceeded the maximum amount permitted by the SBA Act at the time the applicable SBA 7(a) Loan was
underwritten; 
 (xi) to the extent that the aggregate outstanding principal amount of both the SBA 7(a) Guaranteed Note
Receivable portion and the SBA 7(a) Non-Guaranteed Note Receivable portion of the same SBA 7(a) Loan exceeded the maximum amount permitted by the SBA Act at the time the applicable SBA 7(a) Loan was underwritten, to the extent of such excess;

 (xii) with respect to which the applicable SBA 7(a) Loan Obligor is the subject of an insolvency proceeding or a case
commenced under the Bankruptcy Code; 
 (xiii) with respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed Loans,
with respect to which the applicable SBA 7(a) Loan is not a valid, legally enforceable obligation of the SBA 7(a) Loan Obligor or is subject to any offset or other defense on the part of such SBA 7(a) Loan Obligor or to any claim on the part of the
SBA 7(a) Loan Obligor denying liability; 
 (xiv) with respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed
Loans, with respect to which the subject SBA 7(a) Note Receivable is subject to any Lien, except for the Lien of Lender and the interest of the SBA pursuant to the applicable Loan Guaranty Agreement; 

(xv) to the extent that any payment of interest, principal or any other amount due under the applicable SBA 7(a) Loan is more than 61
days past due; 
 (xvi) to the extent that the subject SBA 7(a) Note Receivable has been sold pursuant to a Note Participation;

 (xvii) with respect to which the applicable SBA 7(a) Loan does not conform in all material respects to forms provided by the
SBA; 
 (xviii) with respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed Loans, with respect to which the
applicable SBA 7(a) Loan is not evidenced by legal documentation in form and substance satisfactory to Lender; provided, that legal 

  
 62 

 
documentation that conforms in all material respects to forms provided by the SBA, standard forms of mortgages or deeds of trust provided by Borrower’s local counsel for use in specific
jurisdictions, or other forms of documents previously approved by Lender shall be presumed to be satisfactory to Lender; 

(xix) with respect to which the applicable SBA 7(a) Loan is made to an employee, officer, agent, director, stockholder, or Affiliate of
Borrower or any Affiliate of any thereof; 
 (xx) with respect to which the applicable SBA 7(a) Loan has been turned over to
the SBA or any other Person for servicing or collection; 
 (xxi) with respect to Financed Non-Guaranteed Loans and
Advances-Non-Guaranteed Loans, with respect to which the applicable SBA 7(a) Loan and the respective rights of the parties thereto are not subject to the terms of the Multi-Party Agreement or such other agreement with SBA and Borrower that Lender,
in its sole discretion, deems acceptable; 
 (xxii) as to which any of the representations or warranties in the Loan Documents
with respect to the SBA 7(a) Loan are untrue; 
 (xxiii) with respect to Financed Non-Guaranteed Loans and
Advances-Non-Guaranteed Loans, to the extent that any SBA 7(a) Note Receivable together with all other SBA 7(a) Note Receivables in any one industry, as determined by the applicable NAICS four digit code (except for the Retail Trade industry which
shall be measured for this purpose as independent industries under NAICS codes 44 and 45), exceeds ten percent (10%) as of the end of each Fiscal Quarter (or, collectively, with respect to the Full-Service Restaurant and Limited-Service Eating
Places industries (NAICS codes 7221 and 7222), as of the end of each Fiscal Quarter, fifteen percent (15%); with respect to the Traveler Accommodation industry (NAICS code 7211), as of the end of each Fiscal Quarter thirty percent (30%); and, with
respect to the Auto Repair and Maintenance (including car wash) industry (NAICS code 8111), as of the end of each Fiscal Quarter, ten percent (10%)) of all Eligible SBA 7(a) Note Receivables; 

(xxiv) with respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed Loans, as to which Lender’s Lien and any security
in support thereof is not a first priority perfected Lien in favor of Lender; 
 (xxv) with respect to Financed Non-Guaranteed
Loans and Advances-Non-Guaranteed Loans, with respect to which the SBA 7(a) Loan Note has been released from the possession of the FTA in excess of 10 calendar days or has been released from the possession of the FTA pursuant to the SBA’s prior
written consent or instruction as contemplated by the Multi-Party Agreement; 
 (xxvi) with respect to Financed Non-Guaranteed
Loans and Advances-Non-Guaranteed Loans, as to which any amounts payable have been deferred within the last ninety (90) days or as to which any amounts payable have been deferred more than twice within the last twelve (12) months;

  
 63 

 (xxvii) with respect to Financed Guaranteed Loans and Advances- Guaranteed Loans, with
respect to any SBA Reduced Guaranty Receivable, to the extent of the SBA Reduced Guaranty Ineligible Amount; 
 (xxviii) with
respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed Loans, with respect to which any SBA 7(a) Loan that is not secured by any SBA 7(a) Note Receivable Collateral other than a first priority Lien on commercial real property, if and
to the extent that the outstanding principal balance of such SBA 7(a) Loan exceeds seventy percent (70%) of the fair market value of such commercial real property; 
 (xxix) with respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed Loans, with respect to which any SBA 7(a) Loan which is secured exclusively commercial real property to the extent
Borrower’s Lien is not a first priority mortgage Lien; 
 (xxx) with respect to Financed Non-Guaranteed Loans and
Advances-Non-Guaranteed Loans, in the reasonable credit judgment of Lender, to the extent that any SBA 7(a) Note Receivable is secured by real property as to which there are potential industry-wide liabilities and Environmental Liabilities;

 (xxxi) with respect to Financed Non-Guaranteed Loans and Advances-Non-Guaranteed Loans, where any Credit Party currently has
established a reserve on its own books and records with respect to the applicable SBA 7(a) Loan; or 
 (xxxii) with respect to
which the applicable SBA 7(a) Loan and the respective rights of the SBA, Lender, Borrower, and FTA with respect thereto are not subject to the terms of the Multi-Party Agreement or such other agreement with SBA and Borrower that Lender, in its sole
discretion, deems acceptable; 
 (xxxiii) that is otherwise unacceptable to Lender in its reasonable credit judgment.

  
 64

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00219-of-00352.parquet"}]]