Document:

Exhibit 10.1

 

THE EXCHANGE CONTEMPLATED HEREIN IS
INTENDED TO COMPORT WITH THE REQUIREMENTS OF SECTION 3(a)(9) OF THE SECURITIES ACT OF 1933, AS AMENDED.

 

EXCHANGE AGREEMENT

 

This Exchange Agreement
(this “Agreement”) is entered into as of November 15, 2019 by and between Iliad Research and Trading, L.P.,
a Utah limited partnership (“Lender”), and Inpixon, a Nevada corporation (“Borrower” or the
“Company”). Capitalized terms used in this Agreement without definition shall have the meanings given to them
in the Original Note (defined below).

 

A. Borrower
previously sold and issued to Lender that certain Promissory Note dated December 21, 2018, as amended (the “Original Note”),
in the original principal amount of $1,895,000.00 pursuant to that certain Note Purchase Agreement dated December 21, 2018 by and
between Lender and Borrower, as amended (the “Purchase Agreement,” and together with the Original Note and all
other documents entered into in conjunction therewith, the “Transaction Documents”).

 

B. Subject
to the terms of this Agreement, Borrower and Lender desire to partition a new Promissory Note in the form of the Original Note
(the “Partitioned Note”) in the original principal amount of $137,500.00 (“Exchange Amount”)
from the Original Note and then cause the outstanding balance of the Original Note to be reduced by an amount equal to the Exchange
Amount, which represents the total outstanding balance of the Partitioned Note.

 

C. Borrower
and Lender further desire to exchange (such exchange is referred to as the “Note Exchange”) the Partitioned
Note for the delivery of 2,750,000 shares of the Company’s Common Stock, par value $0.001 (the “Common Stock”,
and such 2,750,000 shares of Common Stock, the “Exchange Shares”), at an effective price per Exchange Share
equal to $0.05, according to the terms and conditions of this Agreement.

 

D. The
Note Exchange will consist of Lender surrendering the Partitioned Note in exchange for the Exchange Shares, which will be issued
free of any restrictive securities legend. Other than the surrender of the Partitioned Note, no consideration of any kind whatsoever
shall be given by Lender to Borrower in connection with this Agreement.

 

E. Lender
and Borrower have agreed to exchange the Partitioned Note for the Exchange Shares on the terms and conditions set forth herein.

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1. Recitals
and Definitions. Each of the parties hereto acknowledges and agrees that the recitals set forth above in this Agreement are
true and accurate, are contractual in nature, and are hereby incorporated into and made a part of this Agreement.

 

     

     

    

 

2. Partition.
Effective as of the date hereof, Borrower and Lender agree that the Partitioned Note is hereby partitioned from the Original Note.
Following such partition of the Original Note, Borrower and Lender agree that the Original Note shall remain in full force and
effect, provided that the outstanding balance of the Original Note shall be reduced by an amount equal to the Exchange Amount.

 

3. Issuance
of Exchange Shares. Pursuant to the terms and conditions of this Agreement, the Exchange Shares shall be delivered to Lender
on or before November 18, 2019 and the Note Exchange shall occur with Lender surrendering the Partitioned Note to Borrower on the
Free Trading Date (as defined below). On the Free Trading Date, the Partitioned Note shall be cancelled and all obligations of
Borrower under the Partitioned Note shall be deemed fulfilled. All Exchange Shares delivered hereunder shall be delivered via DWAC
to Lender’s designated brokerage account. Borrower agrees to provide all necessary cooperation or assistance that may be
required to cause all Exchange Shares delivered hereunder to become Free Trading (the first date such occurs, the “Free
Trading Date”). For purposes hereof, the term “Free Trading” means that (a) the Exchange Shares have
been cleared and approved for public resale by the compliance departments of Lender’s brokerage firm and the clearing firm
servicing such brokerage, and (b) such shares are held in the name of the clearing firm servicing Lender’s brokerage firm
and have been deposited into such clearing firm’s account for the benefit of Lender.

 

4. Closing.
The closing of the transactions contemplated hereby (the “Closing”) along with the delivery of the Exchange
Shares to Lender shall occur on the date that is mutually agreed to by Borrower and Lender by means of the exchange by email of
..pdf documents, but shall be deemed to have occurred at the offices of Hansen Black Anderson Ashcraft PLLC in Lehi, Utah.

 

5. Holding
Period, Tacking and Legal Opinion. Borrower represents, warrants and agrees that for the purposes of Rule 144 (“Rule
144”) of the Securities Act of 1933, as amended (the “Securities Act”), the holding period of the
Partitioned Note and the Exchange Shares will include Lender’s holding period of the Original Note from December 21, 2018,
as amended or modified pursuant to that certain Global Amendment, dated February 8, 2019. Borrower agrees not to take a position
contrary to this Section 5 in any document, statement, setting, or situation. Borrower agrees to take all action necessary to issue
the Exchange Shares without restriction, and not containing any restrictive legend without the need for any action by Lender; provided
that the applicable holding period has been met. In furtherance thereof, at the Closing, counsel to Lender may, in its sole discretion,
provide an opinion that: (a) the Exchange Shares may be resold pursuant to Rule 144 without volume or manner-of-sale restrictions;
and (b) the transactions contemplated hereby and all other documents associated with this transaction comport with the requirements
of Section 3(a)(9) of the Securities Act. Borrower represents that it is not subject to Rule 144(i). The Exchange Shares are being
issued in substitution of and exchange for and not in satisfaction of the Partitioned Note. The Exchange Shares shall not constitute
a novation or satisfaction and accord of the Partitioned Note. Borrower acknowledges and understands that the representations and
agreements of Borrower in this Section 5 are a material inducement to Lender’s decision to consummate the transactions contemplated
herein.

 

    2

     

    

 

6. Representations,
Warranties and Agreements.

 

(a) Borrower
Representations, Warranties and Agreement. In order to induce Lender to enter into this Agreement, Borrower, for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a) Borrower has full
power and authority to enter into this Agreement and to incur and perform all obligations and covenants contained herein, all of
which have been duly authorized by all proper and necessary action, (b) no consent, approval, filing or registration with or notice
to any governmental authority is required as a condition to the validity of this Agreement or the performance of any of the obligations
of Borrower hereunder, (c) no Event of Default has occurred under the Original Note and any Events of Default that may have occurred
thereunder have not been, and are not hereby, waived by Lender, (d) except as specifically set forth herein, nothing herein shall
in any manner release, lessen, modify or otherwise affect Borrower’s obligations under the Original Note, (e) the issuance
of the Exchange Shares is duly authorized by all necessary corporate action and the Exchange Shares, when issued in accordance
with the terms hereof, will be validly issued, fully paid and non-assessable, free and clear of all taxes, liens, claims, pledges,
mortgages, restrictions, obligations, security interests and encumbrances of any kind, nature and description, (f) Borrower has
not received any consideration in any form whatsoever for issuing the Exchange Shares, other than the surrender of the Partitioned
Note, and (g) Borrower has taken no action which would give rise to any claim by any person for a brokerage commission, placement
agent or finder’s fee or other similar payment by Borrower related to this Agreement.

 

(b) Lender
Representations Warranties and Agreement. In order to induce the Company to enter into this Agreement, Lender for itself, and
for its affiliates, successors and assigns, hereby acknowledges, represents, warrants and agrees as follows: (a) Lender has full
power and authority to enter into this Agreement and to incur and perform all obligations and covenants contained herein, all of
which have been duly authorized by all proper and necessary action, (b) no consent, approval, filing or registration with or notice
to any governmental authority is required as a condition to the validity of this Agreement or the performance of any of the obligations
of Lender hereunder, (c) the Lender understands that the Exchange Shares are being offered and exchanged in reliance on specific
exemptions from the registration requirements of United States federal and state securities laws and that the Company is relying
in part upon the truth and accuracy of, and the Lender’s compliance with, the representations, warranties, agreements, acknowledgments
and understandings of the Lender set forth herein and in the Exchange Documents in order to determine the availability of such
exemptions and the eligibility of the Lender to acquire the Exchange Shares, (d) the Lender understands that no United States federal
or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the the
Partitioned Note or the Exchange Shares or the fairness or suitability of the investment in the Partitioned Note or the Exchange
Shares nor have such authorities passed upon or endorsed the merits of the offering of the Partitioned Note or the Exchange Shares,
(e) the Lender is acquiring the Partitioned Note in the ordinary course of its business, the Lender has such knowledge, sophistication,
and experience in business and financial matters so as to be capable of evaluation of the merits and risks of the prospective investment
in the Partitioned Note and Exchange Shares and has so evaluated the merits and risk of such investment and the Lender is an “accredited
investor” as defined in Regulation D under the Securities Act, (f) the Lender owns the Original Note free and clear of any
liens, (g) the Lender shall not sell, purchase, trade or otherwise dispose of or acquire any shares of Common Stock or other securities
of the Company until a Current Report on Form 8-K disclosing the transactions contemplated hereunder is filed with the U.S. Securities
and Exchange Commission, which shall be filed no later than 5:30pm EST as of the date hereof, (h) the issuance of the Exchange
Shares shall not result in the Lender beneficially owning a number of shares of Common Stock, when aggregated with any other shares
of Common Stock beneficially owned at such time, that would result in the Lender beneficially owning (as determined in accordance
with Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder) more than 4.99% of
all of the issued and outstanding shares of Common Stock and (i) the Lender understands that this Agreement does not constitute
an admission of liability by any party, including any admission of default under the Transaction
Documents.

 

    3

     

    

 

7. Arbitration.
By its execution of this Agreement, each party agrees to be bound by the Arbitration Provisions (as defined in the Purchase Agreement)
set forth as an exhibit to the Purchase Agreement and the parties agree to submit all Claims (as defined in the Purchase Agreement)
arising under this Agreement or any Transaction Document or other agreement between the parties and their affiliates to binding
arbitration pursuant to the Arbitration Provisions.

 

8. Governing
Law; Venue. This Agreement shall be construed and enforced in accordance with, and all questions concerning the construction,
validity, interpretation and performance of this Agreement shall be governed by, the internal laws of the State of Utah, without
giving effect to any choice of law or conflict of law provision or rule (whether of the State of Utah or any other jurisdictions)
that would cause the application of the laws of any jurisdictions other than the State of Utah. The provisions set forth in the
Purchase Agreement to determine the proper venue for any disputes are incorporated herein by this reference. BORROWER
HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

9. Counterparts.
This Agreement may be executed in any number of counterparts with the same effect as if all signing parties had signed the same
document. All counterparts shall be construed together and constitute the same instrument. The exchange of copies of this Agreement
and of signature pages by facsimile transmission or other electronic transmission (including email) shall constitute effective
execution and delivery of this Agreement as to the parties and may be used in lieu of the original Agreement for all purposes.
Signatures of the parties transmitted by facsimile transmission or other electronic transmission (including email) shall be deemed
to be their original signatures for all purposes.

 

10. Attorneys’
Fees. In the event of any arbitration or action at law or in equity to enforce or interpret the terms of this Agreement, the
parties agree that the party who is awarded the most money shall be deemed the prevailing party for all purposes and shall therefore
be entitled to an additional award of the full amount of the attorneys’ fees and expenses  paid by such prevailing party
in connection with the arbitration, litigation and/or dispute without reduction or apportionment based upon the individual claims
or defenses  giving rise to the fees and expenses.  Nothing herein shall restrict or impair an arbitrator’s or
a court’s power to award fees and expenses for frivolous or bad faith pleading.

 

    4

     

    

 

11. No
Reliance. Borrower acknowledges and agrees that neither Lender nor any of its officers, directors, members, managers, equity
holders, representatives or agents has made any representations or warranties to Borrower or any of its agents, representatives,
officers, directors, or employees except as expressly set forth in this Agreement and the Transaction Documents and, in making
its decision to enter into the transactions contemplated by this Agreement, Borrower is not relying on any representation, warranty,
covenant or promise of Lender or its officers, directors, members, managers, equity holders, agents or representatives other than
as set forth in this Agreement.

 

12. Severability.
If any part of this Agreement is construed to be in violation of any law, such part shall be modified to achieve the objective
of the parties to the fullest extent permitted and the balance of this Agreement shall remain in full force and effect.

 

13. Entire
Agreement. This Agreement, together with the Transaction Documents, and all other documents referred to herein, supersedes
all other prior oral or written agreements between Borrower, Lender, its affiliates and persons acting on its behalf with respect
to the matters discussed herein, and this Agreement and the instruments referenced herein contain the entire understanding of the
parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither
Lender nor Borrower makes any representation, warranty, covenant or undertaking with respect to such matters.

 

14. Amendments.
This Agreement may be amended, modified, or supplemented only by written agreement of the parties. No provision of this Agreement
may be waived except in writing signed by the party against whom such waiver is sought to be enforced.

 

15. Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns. This Agreement or any of the severable rights and obligations inuring to the benefit of or to be performed by Lender hereunder
may be assigned by Lender to a third party, including its financing sources, in whole or in part. Borrower may not assign this
Agreement or any of its obligations herein without the prior written consent of Lender.

 

16. Continuing
Enforceability; Conflict Between Documents. Except as otherwise modified by this Agreement, the Original Note, the Partitioned
Note and each of the other Transaction Documents shall remain in full force and effect, enforceable in accordance with all of its
original terms and provisions. This Agreement shall not be effective or binding unless and until it is fully executed and delivered
by Lender and Borrower. If there is any conflict between the terms of this Agreement and the Partitioned Note, on the one hand,
and the Original Note or any other Transaction Document, on the other hand, the terms of this Agreement and the Partitioned Noted
shall prevail.

 

17. Time
of Essence. Time is of the essence with respect to each and every provision of this Agreement.

 

18. Notices.
Unless otherwise specifically provided for herein, all notices, demands or requests required or permitted under this Agreement
to be given to Borrower or Lender shall be given as set forth in the “Notices” section of the Purchase Agreement.

 

19. Further
Assurances. Each party shall do and perform or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

    5

     

    

 

IN WITNESS WHEREOF,
the undersigned have executed this Agreement as of the date first set forth above.

 

	 	COMPANY:
	 	 
	 	INPIXON
	 	 	 	 	 
	 	By:	/s/ Nadir Ali
	 	Name:	Nadir Ali
	 	Title:	CEO
	 	 	 	 	 
	 	LENDER:
	 	 
	 	ILIAD RESEARCH AND TRADING, L.P.
	 	 	 	 	 
	 	By:	Iliad Management, LLC,
	 	 	 its General Partner
	 	 	 	 	 
	 	 	By:	Fife Trading, Inc.,

its Manager
	 	 	 	 	 
	 	 	 	By:	/s/ John M. Fife
	 	 	 	 	John M. Fife, President

 

 

[Signature Page to Exchange Agreement]EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 
  

 
  

ZIMMER BIOMET HOLDINGS, INC. 

€500,000,000 1.164% Notes due 2027 

SIXTH SUPPLEMENTAL INDENTURE 

Dated as of November 15, 2019 

to 
 Indenture dated as
of November 17, 2009 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 

Trustee 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
			
	 SECTION 1.01.
	 	Application of this Sixth Supplemental Indenture	  	 	1	 
			
	 SECTION 1.02.
	 	Definitions	  	 	2	 
			
	 SECTION 1.03.
	 	Incorporation by Reference of Trust Indenture Act	  	 	6	 
		
	 ARTICLE II CREATION, FORM, TERMS, CONDITIONS AND COVENANTS OF THE SECURITIES
	  	 	6	 
			
	 SECTION 2.01.
	 	Creation of the Notes	  	 	6	 
			
	 SECTION 2.02.
	 	Form of the Notes	  	 	6	 
			
	 SECTION 2.03.
	 	Terms, Conditions and Covenants of the Notes	  	 	7	 
			
	 SECTION 2.04.
	 	[Reserved]	  	 	8	 
			
	 SECTION 2.05.
	 	Ranking	  	 	8	 
			
	 SECTION 2.06.
	 	Sinking Fund	  	 	8	 
			
	 SECTION 2.07.
	 	[Reserved]	  	 	8	 
			
	 SECTION 2.08.
	 	Payment of Additional Amounts	  	 	9	 
			
	 SECTION 2.09.
	 	Paying Agent and Security Registrar	  	 	11	 
			
	 SECTION 2.10.
	 	Authenticating Agent	  	 	11	 
			
	 SECTION 2.11.
	 	Issuance in Euro	  	 	12	 
		
	 ARTICLE III REDEMPTION
	  	 	12	 
			
	 SECTION 3.01.
	 	Optional Redemption	  	 	12	 
			
	 SECTION 3.02.
	 	Tax Redemption	  	 	14	 
		
	 ARTICLE IV CHANGE OF CONTROL
	  	 	14	 
			
	 SECTION 4.01.
	 	Repurchase at the Option of Holders Upon a Change of Control Repurchase Event	  	 	14	 
		
	 ARTICLE V TRANSFER AND EXCHANGE
	  	 	16	 
			
	 SECTION 5.01.
	 	Transfer and Exchange	  	 	16	 
		
	 ARTICLE VI TRUSTEE
	  	 	17	 
			
	 SECTION 6.01.
	 	Corporate Trust Office	  	 	17	 
			
	 SECTION 6.02.
	 	Certain Roles	  	 	17	 
			
	 SECTION 6.03.
	 	Recitals of Fact	  	 	18	 
			
	 SECTION 6.04.
	 	Successor	  	 	18	 
		
	 ARTICLE VII MISCELLANEOUS PROVISIONS
	  	 	18	 
			
	 SECTION 7.01.
	 	Ratification of Original Indenture	  	 	18	 
			
	 SECTION 7.02.
	 	Effect of Headings	  	 	18	 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 SECTION 7.03.
	 	Successors and Assigns	  	 	19	 
			
	 SECTION 7.04.
	 	Separability Clause	  	 	19	 
			
	 SECTION 7.05.
	 	Governing Law	  	 	19	 
			
	 SECTION 7.06.
	 	Counterparts	  	 	19	 

  

			
	EXHIBIT A	  	Form of Global Note

 SIXTH SUPPLEMENTAL INDENTURE, dated as of November 15, 2019 (this “Sixth
Supplemental Indenture”), between ZIMMER BIOMET HOLDINGS, INC. (f/k/a ZIMMER HOLDINGS, INC.), a corporation duly organized and existing under the laws of the State of Delaware (the “Company”), having its principal offices at 345 East
Main Street, Warsaw, Indiana 46580, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”). 

RECITALS 
 WHEREAS,
the Company executed and delivered to the Trustee an Indenture, dated as of November 17, 2009 (the “Original Indenture”), providing for the issuance by the Company from time to time of Securities of the Company to be issued in one or
more series; 
 WHEREAS, the Original Indenture provides, among other things, that by means of a supplemental indenture, the Company
and the Trustee may, without the consent of Holders, create one or more series of the Company’s Securities and establish the form and terms and conditions thereof; 

WHEREAS, the Company intends by this Sixth Supplemental Indenture to create and provide for the issuance of new Securities to be
designated as the “1.164% Notes due 2027” (the “Notes”); 
 WHEREAS, the Board of Directors of the Company has
authorized the execution and delivery of the Sixth Supplemental Indenture, the issuance of the Notes and the form, terms, conditions and covenants of the Notes pursuant to Sections 201, 301 and 901 of the Original Indenture; and 

WHEREAS, all acts and things necessary to make the Notes, when the Notes have been executed by the Company, authenticated by the
Authenticating Agent, issued upon the terms and subject to the conditions set forth hereinafter and in the Original Indenture and delivered as provided in the Indenture against payment therefor, valid, binding and legal obligations of the Company,
enforceable against the Company according to their terms, and all actions required to be taken by the Company under the Original Indenture to make this Sixth Supplemental Indenture a valid, binding and legal agreement of the Company, have been done;

 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the sufficiency and adequacy of
which are hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

SECTION 1.01. Application of this Sixth Supplemental Indenture. Notwithstanding any other provision of this Sixth Supplemental
Indenture, the provisions of this Sixth Supplemental Indenture, including the covenants set forth herein, are expressly and solely for the benefit of the Notes. The Notes constitute a series of Securities as provided in Section 301 of the
Original Indenture. 

  
 1 

 SECTION 1.02. Definitions. Capitalized terms used in this Sixth Supplemental
Indenture and not otherwise defined herein shall have the meanings ascribed to them in the Original Indenture. In addition, the following terms shall have the following meanings to be equally applicable to both the singular and the plural forms of
the terms defined: 
 “Additional Amounts” has the meaning set forth in Section 2.08 hereof. 

“Agency Agreement” means the Agency Agreement by and among the Company, the Paying Agent, the Security Registrar, and the
Trustee effective as of November 15, 2019. 
 “Authenticating Agent” means U.S. Bank National Association or any
successor entity thereto. 
 “Below Investment Grade Rating Event” means the Notes are rated below Investment Grade by each
of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of
a Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a Below Investment Grade Rating Event
otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of
Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Company that the reduction was the result, in whole
or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating
Event). Neither the Trustee nor any Paying Agent shall be responsible for monitoring the Company’s rating status, making any request upon any Rating Agency, or determining whether any Below Investment Grade Rating Event with respect to the
Notes has occurred. 
 “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a
(1) day on which banking institutions in New York, New York or in the Place of Payment for the Notes are authorized or obligated by law or executive order to close, or (2) day on which the Trans-European Automated Real-Time Gross
Settlement Express Transfer system (the TARGET2 system), or any successor thereto, is closed. 
 “Change of Control” means
the occurrence of any of the following: 
 (1) the direct or indirect sale, transfer, conveyance or other disposition (other
than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken as a whole to any “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), other than the Company or one of its subsidiaries; 
 (2) the adoption of a plan
relating to the Company’s liquidation or dissolution; or 

  
 2 

 (3) the consummation of any transaction or series of related transactions
(including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one or more of its wholly-owned
subsidiaries, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting Stock. 

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating
Event. 
 “Clearstream” means Clearstream Banking S.A. or any successor securities clearing agency. 

“Company” has the meaning set forth in the Recitals hereto. 

“Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation, at the discretion of an
Independent Investment Banker, a German government bond whose (a) maturity is closest to the maturity of the Notes (assuming, for this purpose, that the Notes mature on the Par Call Date) and (b) principal amount is approximately equal to
the then outstanding principal amount of the Notes, or if such Independent Investment Banker in its discretion determines that such similar bond is not in issue, such other German government bond as such Independent Investment Banker may, with the
advice of the Reference Bond Dealers, determine to be appropriate for determining the Comparable Government Bond Rate. 

“Comparable Government Bond Rate” means the price, expressed as a percentage (rounded to three decimal places, with 0.0005
being rounded upwards), at which the gross redemption yield on the Notes to be redeemed, if they were to be purchased at such price on the third Business Day prior to the Redemption Date, would be equal to the gross redemption yield on such Business
Day of the Comparable Government Bond on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by the Independent Investment Banker. 

“Corporate Trust Office” shall be for the purposes of (a) the definition of “Responsible Officer” in the
Indenture and Sections 105, 603, 609 and 610 in the Original Indenture, the office of the Trustee, which office is, at the date of this Sixth Supplemental Indenture, located at 150 East 42nd Street, 40th Floor, New York, New York 10017, Attention:
Corporate Trust Services, (b) Section 305 of the Original Indenture and the provisions of Section 1002 of the Original Indenture relating to the registration of transfer or exchange of the Notes, the office of the Security Registrar,
which office is, as of the date of this Sixth Supplemental Indenture, 60 Livingston Avenue, Saint Paul, Minnesota 55107, (c) the other provisions of Section 1002 of the Original Indenture, the office of the Paying Agent, which office is, at the
date of this Sixth Supplemental Indenture, 125 Old Broad Street, Fifth Floor, London EC2N 1 AR, United Kingdom, Attention: Structured Finance Relationship Management, or (d) in each case such other addresses as to which the Trustee, the
Security Registrar or the Paying Agent, as the case may be, may give notice to the Company. 

  
 3 

 “Depository” means, with respect to the Notes, Elavon Financial Services
DAC, or its nominee, as common depositary, on behalf of Euroclear and Clearstream, or any successor entity thereto. 

“Dollar” and “$” means the lawful currency of the United States of America. 

“€” or “euro” means the single currency introduced at the third stage of the European
Economic and Monetary Union pursuant to the Treaty on the Functioning of the European Union, as amended from time to time. 

“Euroclear” means Euroclear Bank SA/NV or any successor securities clearing agency. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

“Sixth Supplemental Indenture” has the meaning set forth in the Recitals hereto. 

“Global Note” means a single permanent fully-registered global note in book-entry form, without coupons, deposited with, or
on behalf of, the Depository or its nominee, and registered in the name of the Depository or its nominee, substantially in the form of Exhibit A attached hereto. A Global Note is a “Global Security” within the meaning of the Original
Indenture. 
 “Indenture” means the Original Indenture as supplemented and amended by this Sixth Supplemental Indenture.

 “Independent Investment Banker” means one of the Reference Bond Dealers that the Company appoints in good faith as the
Independent Investment Banker from time to time. 
 “Interest Payment Date” has the meaning set forth in
Section 2.03(c) hereof. 
 “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent
under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit
rating from any additional Rating Agency or Rating Agencies selected by the Company. 
 “Market Exchange Rate” means the
noon buying rate in the City of New York for cable transfers of euro as certified for customs purposes (or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York. 

“Maturity Date” has the meaning set forth in Section 2.03(b) hereof. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating agency business. 

“Notes” has the meaning set forth in the Recitals hereto. 

“Original Indenture” has the meaning set forth in the Recitals hereto. 

  
 4 

 “Par Call Date” means September 15, 2027 (the date that is two months
prior to the Maturity Date of the Notes). 
 “Paying Agent” means Elavon Financial Services DAC, UK Branch and its
successors. 
 “Paying Agent Office” means the designated office of the Paying Agent of which the corporate trust paying
agent office of the Paying Agent shall, at any particular time, be administered, which office is, at the date of this Sixth Supplemental Indenture, located at 125 Old Broad Street, Fifth Floor, London EC2N 1 AR, United Kingdom, Attention: Structured
Finance Relationship Management. 
 “Rating Agency” means (1) each of Moody’s and S&P; and (2) if either
of Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning
of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company as a replacement agency for Moody’s or S&P, as the case may be. 

“Redemption Date” means the Business Day on which Notes are redeemed by the Company pursuant to Sections 3.01 or 3.02 hereof.

 “Redemption Price” means the price at which Notes are redeemed by the Company pursuant to Sections 3.01 or 3.02 hereof.

 “Reference Bond Dealer” means each of BNP Paribas, J.P. Morgan Securities plc, MUFG Securities EMEA plc and SMBC Nikko
Capital Markets Limited and their respective successors. 
 “Registered Securities” means any Notes which are registered in
the Security Register. 
 “Regular Record Date” has the meaning set forth in Section 2.03(c) hereof. 

“Remaining Scheduled Payments” means, with respect to each Note to be redeemed, the remaining scheduled payments of the
principal thereof and interest thereon that would be due after the related Redemption Date for such redemption (assuming, for this purpose, such Note matures on the Par Call Date); provided, however, that, if such Redemption Date is
not an Interest Payment Date with respect to such Note, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to such Redemption Date. 

“S&P” means S&P Global Ratings, a division of S&P Global, Inc., and any successor to its rating agency business.

 “Security Registrar” means U.S. Bank National Association or any successor thereto. 

“Taxes” has the meaning set forth in Section 2.08 hereof. 

“Trustee” has the meaning set forth in the Recitals hereto. 

  
 5 

 “Voting Stock” means, with respect to any Person, capital stock of any
class or kind the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or Persons performing similar functions) of such Person, even if the right to so vote has been suspended by the
happening of such a contingency. 
 SECTION 1.03. Incorporation by Reference of Trust Indenture Act. The Indenture is subject to the
mandatory provisions of the Trust Indenture Act, which are incorporated by reference in, and made a part of, the Indenture. The following Trust Indenture Act terms have the following meanings: 

“indenture securities” means the Notes. 

“indenture security holder” means a Holder. 

“indenture to be qualified” means this Sixth Supplemental Indenture. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the indenture securities means the Company and any other obligor on the indenture securities. 

All other Trust Indenture Act terms used in this Indenture that are defined by the Trust Indenture Act, defined by Trust Indenture Act
reference to another statute or defined by Securities and Exchange Commission rule have the meanings assigned to them by such definitions. 

ARTICLE II 
 CREATION,
FORM, 
 TERMS, CONDITIONS AND COVENANTS OF THE SECURITIES 

SECTION 2.01. Creation of the Notes. In accordance with Section 301 of the Original Indenture, the Company hereby creates the
Notes as a series of its Securities issued pursuant to the Indenture. The Notes shall be issued initially in an aggregate principal amount of €500,000,000, except as permitted by Sections 304, 305 or 306 of the Original Indenture. 

SECTION 2.02. Form of the Notes. The Notes shall be issued in the form of a Global Note, duly executed by the Company and authenticated
by the Authenticating Agent, which shall be deposited with, or on behalf of, the Depository or its nominee, as common depositary for, and in respect of interests held through, Clearstream and Euroclear, and registered in the name of the Depository
or its nominee. The Notes and the Trustee and Authenticating Agent’s Certification of Authentication in respect thereof shall be substantially in the form of Exhibit A attached hereto. So long as Euroclear or Clearstream or their nominee or the
Depository or its nominee is the Holder of the Global Note, Euroclear, Clearstream, the Depository or their respective nominees, as the case may be, shall be considered the sole owner or Holder of the Notes represented by such Global Note for all
purposes under the Indenture and the Notes. Except as set forth in Section 2.03(d) hereof, the Global Note may be transferred, in whole and not in part, only to Euroclear or Clearstream or their respective nominees only through records
maintained by Clearstream and Euroclear (with respect to beneficial interests of participants) or by participants or Persons that 

  
 6 

 
hold interests through participants (with respect to beneficial interests of beneficial owners), and owners of beneficial interests in the Global Note will not be entitled to have the Notes
registered in their names and will not receive or be entitled to receive physical delivery of Notes in definitive form. Payments of principal, interest and Additional Amounts, if any, in respect of the Global Note will be made to Euroclear,
Clearstream, such nominee or such Depository, as the case may be, as Holder thereof. None of the Company, the Trustee, any underwriter or any affiliate of any of the above or any Person by whom any of the above is “controlled”, as such
term is defined in the Securities Act, will have any responsibility or liability for any records relating to or payments made on account of beneficial ownership interests in the Global Note or for maintaining, supervising or reviewing any records
relating to such beneficial ownership interests. For the purposes of this Sixth Supplemental Indenture only, the Global Security Legend for the Notes shall be the legend set forth at the beginning of the form of Global Note attached hereto as
Exhibit A, and such legend shall apply in lieu of the legend set forth in Section 203(2) of the Original Indenture. 
 SECTION 2.03.
Terms, Conditions and Covenants of the Notes. The Notes shall be governed by all the terms, conditions and covenants of the Original Indenture, as supplemented by this Sixth Supplemental Indenture. In particular, the following provisions
shall be terms of the Notes: 
 (a) Title and Aggregate Principal Amount. The title of the Notes shall be as specified
in the Recitals; and the aggregate principal amount of the Notes shall be as specified in Section 2.01 of this Article II, except as permitted by Sections 304, 305 or 306 of the Original Indenture. 

(b) Stated Maturity. The Notes shall mature, and the unpaid principal thereon shall be payable, on November 15,
2027 (the “Maturity Date”), subject to the provisions of the Original Indenture and Articles III and IV below. 

(c) Interest. The rate per annum at which interest shall be payable on the Notes shall be 1.164%. Interest on the Notes
shall be payable annually in arrears on November 15 of each year, commencing on November 15, 2020 (each, an “Interest Payment Date”), to the Persons in whose names the applicable Notes are registered in the Security Register
applicable to the Notes at the close of business on the immediately preceding November 1 prior to the applicable Interest Payment Date regardless of whether such day is a Business Day (each, a “Regular Record Date”). Interest on the
Notes shall be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Notes (or November 15, 2019,
if no interest has been paid on the Notes), to, but excluding, the next scheduled Interest Payment Date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association.
Interest on the Notes shall accrue from and including November 15, 2019. If an Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the related payment of interest or principal, as applicable, will be made on
the next Business Day as if it were made on the date the payment was due, and no interest will accrue on the amount so payable for the period from and after that Interest Payment Date or the Maturity Date,

  
 7 

 
as the case may be, to the date the payment is made. Interest payments will include accrued interest from and including the date of issue or from and including the last date in respect of which
interest has been paid, as the case may be, to, but excluding, the Interest Payment Date or the Maturity Date, as the case may be. 

(d) Registration and Form. The Notes shall be issuable as Registered Securities as provided in Section 2.02 of this
Article II, subject to Article V. The Notes shall be issued and may be transferred only in minimum denominations of €100,000 and integral multiples of €1,000 in excess thereof. All payments of principal, premium, Redemption Price and
accrued and unpaid interest in respect of the Notes shall be made by the Company in immediately available funds and shall be payable in euro and, subject to Section 2.11(c) hereof, not any other currency. 

(e) Defeasance and Covenant Defeasance. The provisions for defeasance in Section 1302 of the Original Indenture,
and the provisions for covenant defeasance in Section 1303 of the Original Indenture, shall be applicable to the Notes. 

(f) Further Issues. Notwithstanding anything to the contrary contained herein or in the Original Indenture, the Company
may, from time to time, without the consent of or notice to the Holders, create and issue further debt securities having the same ranking and terms and conditions as the Notes in all respects, except for issue date and, in some cases, the public
offering price and the first Interest Payment Date. Additional Notes issued in this manner shall be consolidated with, and shall form a single series with, the previously outstanding Notes; provided that if such additional Notes are not
fungible with the previously issued Notes for U.S. federal income tax purposes, such additional Notes will have a separate ISIN number. Notice of the issuance of any such additional Notes shall be given to the Trustee and a new supplemental
indenture shall be executed in connection therewith. No such additional Notes may be issued if an Event of Default has occurred and is continuing with respect to the Notes. 

(g) Other Terms, Conditions and Covenants. The Notes shall have such other terms, conditions and covenants as provided
in the form thereof attached as Exhibit A. 
 SECTION 2.04. [Reserved] 

SECTION 2.05. Ranking. The Notes shall be general unsecured obligations of the Company. The Notes shall rank pari passu in right
of payment with all unsecured and unsubordinated indebtedness of the Company and senior in right of payment to all subordinated indebtedness of the Company. 

SECTION 2.06. Sinking Fund. The Notes will not be entitled to any sinking fund. 

SECTION 2.07. [Reserved] 

  
 8 

 SECTION 2.08. Payment of Additional Amounts. All payments in respect of the Notes
shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by the United States, any political subdivision thereof or any
taxing authority thereof or therein (collectively, “Taxes”), unless such withholding or deduction is required by law. If such withholding or deduction of Taxes is required by law, the Company shall pay to each Holder who is not a United
States Person (as defined below) such additional amounts (“Additional Amounts”) on such Notes as are necessary in order that the net payment of the principal of, and premium, if any, and interest on, such Notes to such Holder, after such
withholding or deduction, will not be less than the amount provided in the Notes to be then due and payable, subject to the exceptions described below. This obligation to pay Additional Amounts shall not apply: 

(1) to any Taxes that would not have been imposed but for the Holder, or a fiduciary, settlor, beneficiary, member or
shareholder of the Holder if the Holder is an estate, trust, partnership or corporation, or a Person holding a power over an estate or trust administered by a fiduciary Holder, being considered as: 

(a) being or having been engaged in a trade or business in the United States or having or having had a permanent
establishment in the United States or having or having had a qualified business unit which has the Dollar as its functional currency; 

(b) having a current or former connection with the United States (other than a connection arising solely as a result of
the ownership of such Notes, the receipt of any payment or the enforcement of any rights thereunder) or being considered as having such relationship, including being or having been a citizen or resident of the United States; 

(c) being or having been a personal holding company, a passive foreign investment company or a controlled foreign
corporation for United States income tax purposes or a foreign personal holding company that has accumulated earnings to avoid United States federal income tax; 

(d) being or having been a “10-percent shareholder” of the Company as
defined in Section 871(h)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury regulations thereunder or any successor provision; or 

(e) being a bank described in Section 881(c)(3)(A) of the Code; 

(2) to any Holder that is not the sole beneficial owner of such Notes, or a portion of such Notes, or that is a fiduciary,
partnership or limited liability company, but only to the extent that a beneficiary or settlor with respect to the fiduciary, a beneficial owner or member of the partnership or limited liability company would not have been entitled to the payment of
any Additional Amounts had the beneficiary, settlor, beneficial owner or member received directly its beneficial or distributive share of the payment; 

(3) to any Taxes that would not have been imposed but for the failure of the Holder or any other Person to comply with
certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the United States of the Holder or beneficial owner of such Notes, if compliance is required by statute, by
regulation of the United States, any political subdivision thereof or any taxing authority therein or by an applicable income tax treaty to which the United States is a party as a precondition to exemption from Taxes; 

  
 9 

 (4) to any Taxes that are imposed otherwise than by withholding by the
Company or the Paying Agent (as the case may be) from the payment; 
 (5) to any Taxes that would not have been imposed
but for a change in law, regulation, or administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later; 

(6) to any estate, inheritance, gift, sales, excise, transfer, wealth, capital gains or personal property tax or similar
Taxes; 
 (7) to any withholding or deduction that is imposed on a payment to an individual and that is required to be
made pursuant to any law implementing or complying with, or introduced in order to conform to, any European Council Directive on the taxation of savings (the “Directive”); 

(8) to any Taxes required to be withheld by the Paying Agent from any payment of principal of, or premium, if any, or
interest on such Note, if such payment can be made without such withholding by at least one other paying agent; 

(9) to any Taxes that would not have been imposed but for the presentation by the Holder of such Note, where presentation
is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

(10) to any withholding or deduction that is imposed on a payment pursuant to Sections 1471 through 1474 of the Code,
the Foreign Account Tax Compliance Act, and related Treasury regulations and pronouncements, or any successor provisions and any regulations or official law, agreement or interpretations thereof implementing an intergovernmental approach thereto; or

 (11) in the case of any combination of items (1), (2), (3), (4), (5), (6), (7), (8), (9) and (10). 

The Notes are subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial interpretation applicable to
such Notes. Except as specifically provided in this Section 2.08, the Company shall not be required to make any payment for any Taxes of whatever nature imposed by any government or a political subdivision or taxing authority of or in any
government or political subdivision. Neither the Trustee nor the Paying Agent shall have any responsibility or liability for the determination, verification or calculation of any Additional Amounts. 

As used in this Section 2.08 and in Section 3.02 hereof, the term “United States” means the United States of America
(including the states and the District of Columbia and any political subdivision thereof), and the term “United States Person” means any individual who is a citizen or resident of the United States for U.S. federal income tax purposes, a
corporation, partnership or other entity created or organized in or under the laws of the United States, including an entity treated as a corporation for United States income tax purposes, or any estate or trust the income of which is subject to
United States federal income taxation regardless of its source. 
 Whenever in the Indenture (including the Notes) there is referenced, in
any context, the payment of amounts based on the payment of principal of, or premium, if any, or 

  
 10 

 
interest on, the Notes, or any other amount payable thereunder or with respect thereto, such reference will be deemed to include the payment of Additional Amounts as described under this
Section 2.08 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. 
 SECTION 2.09.
Paying Agent and Security Registrar 
 The Company shall maintain a Paying Agent authorized by the Company to pay the principal of, or
any premium or interest on, any Notes on behalf of the Company. The Company hereby authorizes Elavon Financial Services DAC, UK Branch to initially act as the Paying Agent. The Company shall maintain a Security Registrar for the purpose of
registering and transferring the Notes. The Company hereby authorizes U.S. Bank National Association to initially act as Security Registrar. Principal and interest on the Notes will be payable, and the Notes will be transferable or exchangeable, at
the Paying Agent Office. Payment of interest on the Notes may be made at the Company’s option by check sent to the Holders. 
 Payments
(including principal, premium and interest) with respect to the Notes if in certificated form will be payable, and the Notes will be transferable or exchangeable, at the Paying Agent Office, or, at the Company’s option, by check sent to the
Holders thereof at the respective addresses set forth in the Security Register, provided that all payments (including principal, premium and interest) on Notes in certificated form, for which the Holders thereof have given wire transfer instructions
to the Paying Agent at least ten Business Days prior to the applicable payment date, will be required to be made by wire transfer of immediately available funds to the accounts specified by the Holders thereof, subject, in each case, to surrender of
the Notes to the Paying Agent in the case of payments of principal or premium. 
 No service charge will be made for any transfer or
exchange of the Notes, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with a transfer or exchange. 

Upon notice to the Trustee, the Company may change the Paying Agent or Security Registrar; provided, however, that, for so long
as the Notes are outstanding and the provisions of the Directive continue to have effect, the Company will maintain a Paying Agent in a member state of the European Union that is not obligated to withhold or deduct tax pursuant to the Directive, or
any law implementing or complying with or introduced in order to conform to such Directive (so long as there is such a member state). 

SECTION 2.10. Authenticating Agent. 

(a) For the purposes of this Sixth Supplemental Indenture only, the third sentence of the first paragraph of Section 614
of the Original Indenture entitled “Appointment of Authenticating Agent” is hereby amended and restated as follows: 
 Each
Authenticating Agent shall be acceptable to the Company and shall at all times be an organization organized and doing business under the laws of its jurisdiction of organization, authorized under such laws to act as Authenticating Agent. 

(b) Pursuant to Section 614 of the Original Indenture, the Trustee hereby appoints U.S. Bank National Association as an
Authenticating Agent to 

  
 11 

 
authenticate and deliver the Notes on behalf of the Trustee. U.S. Bank National Association as an Authenticating Agent is acceptable to the Company. 

SECTION 2.11. Issuance in Euro. 

(a) Initial Holders will be required to pay for the Notes in euro, and principal, including any payments made upon any
redemption or repurchase of the Notes, premium, if any, and interest payments in respect of the Notes will be payable in euro. 

(b) Distributions of principal, premium, if any, and interest with respect to the Global Note will be credited in euro to the
extent received by Euroclear or Clearstream from the Paying Agent to the cash accounts of Euroclear or Clearstream customers in accordance with the relevant system’s rules and procedures. 

(c) If euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the
Company’s control or the euro is no longer used by the member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions within the international banking
community, then all payments in respect of the Notes will be made in Dollars until euro is again available to the Company or so used. In such circumstances, the amount payable on any date in euro will be converted by the Company to Dollars on the
basis of the Market Exchange Rate on the second Business Day before that payment is due, or if such Market Exchange Rate is not then available, on the basis of the most recently available Market Exchange Rate on or before the date that payment is
due. Any payment in respect of the Notes so made in Dollars will not constitute an Event of Default under the Notes or the Indenture. Neither the Trustee nor the Paying Agent shall be responsible for obtaining exchange rates, effecting conversions
or otherwise handling re-denominations. 
 ARTICLE III 

REDEMPTION 
 SECTION 3.01.
Optional Redemption. 
 (a) Prior to the Par Call Date. The Notes are redeemable, either in whole at any time
or in part from time to time, at the option of the Company, prior to the Par Call Date, upon not less than 30 days and not more than 60 days prior notice transmitted to the Holders of the Notes to be redeemed, at a Redemption Price equal to the
greater of: 
 (i) 100% of the principal amount of the Notes to be redeemed on that Redemption Date; and 

(ii) the sum of the present values of the Remaining Scheduled Payments of the Notes to be redeemed on that Redemption Date, discounted to the
Redemption Date on an 

  
 12 

 
annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate, plus 25 basis points, 

plus accrued and unpaid interest on the Notes being redeemed to, but excluding, the Redemption Date. 

(b) On or After the Par Call Date. The Notes are redeemable, either in whole at any time or in part from time to time,
at the option of the Company, on or after the Par Call Date, upon not less than 30 days and not more than 60 days prior notice transmitted to the Holders of the Notes to be redeemed, at a Redemption Price equal to 100% of the principal amount of the
Notes to be redeemed on that Redemption Date, plus accrued and unpaid interest on the Notes being redeemed to, but excluding, the Redemption Date. 

(c) Accrued Interest. Notwithstanding subsections (a) and (b) of this Section 3.01, installments of interest
on the Notes that are due and payable on Interest Payment Dates falling on or prior to a Redemption Date will be payable on such Interest Payment Date to the Holders as of the close of business on the relevant Regular Record Date, according to the
terms of the Notes and the Indenture. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion of the Notes that are called for redemption (unless the Company defaults in the payment of the Redemption Price and
accrued interest). 
 (d) Notice. Notices of any optional redemption will be sent (or with respect to the Global Note,
to the extent permitted or required by applicable Euroclear or Clearstream procedures or regulations, sent electronically) at least 30 but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed at its registered
address. The Company shall notify the Trustee of the Redemption Price promptly after the calculation thereof and the Trustee shall not be responsible for such calculation. 

(e) Payment. On or prior to 10:00 a.m. (or such later time as may be agreed between the Company and the Paying Agent),
London time, on the Redemption Date, the Company shall deposit with the Paying Agent an amount of money sufficient to pay the Redemption Price of, and accrued interest on, the Notes to be redeemed to, but excluding, the Redemption Date. 

(f) Selection of Notes. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by
the Trustee by a method the Trustee deems to be fair and appropriate, or in the event that the Notes are represented by one or more Global Notes, beneficial interests therein shall be selected for redemption by Clearstream and Euroclear in
accordance with their respective applicable procedures therefor. If the Notes are listed on any national securities exchange, Euroclear or Clearstream will select Notes in compliance with the requirements of the principal national securities
exchange on which the Notes are listed. Notwithstanding the foregoing, if less than all of the Notes are to be redeemed, no Notes of a principal amount of €100,000 or less shall be redeemed in part. 

  
 13 

 SECTION 3.02. Tax Redemption. The Notes are redeemable in whole, but not in part, at
any time, at the option of the Company, upon not less than 30 days and not more than 60 days prior notice to the Holders of the Notes to be redeemed, at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed on that
Redemption Date, plus accrued and unpaid interest on the Notes being redeemed to, but excluding, the Redemption Date if, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United
States or any political subdivision thereof (or any taxing authority thereof or therein), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations or rulings, which change or
amendment is announced or becomes effective on or after November 8, 2019, the Company becomes or, based upon a written opinion of independent counsel selected by the Company, will become obligated to pay Additional Amounts under
Section 2.08 hereof with respect to the Notes. 
 ARTICLE IV 

CHANGE OF CONTROL 

SECTION 4.01. Repurchase at the Option of Holders Upon a Change of Control Repurchase Event. 

(a) If a Change of Control Repurchase Event occurs with respect to the Notes, unless the Company has exercised its right to
redeem such Notes pursuant to the Indenture, the Company shall make an offer to each Holder of the Notes to repurchase all or any part (in minimum denominations of €100,000 and integral multiples of €1,000 above that amount) of that
Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to the date of repurchase. 

(b) Within 30 days following any Change of Control Repurchase Event or, at the option of the Company, prior to any Change of
Control, but after the public announcement of an impending Change of Control, the Company shall mail (or, with respect to the Global Note, to the extent permitted or required by applicable Clearstream and Euroclear procedures or regulations, send
electronically) a notice to each Holder of the Notes, with a copy to the Trustee and the Paying Agent, describing the transaction or transactions that constitute, or may constitute, the Change of Control Repurchase Event and offering to repurchase
the Notes on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is sent. The notice shall, if sent prior to the date of consummation of the Change of Control,
state that the offer to repurchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. 

(c) The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act
and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of
any securities laws or regulations conflict with the Change of Control 

  
 14 

 
Repurchase Event provisions of the Notes, the Company shall comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of
Control Repurchase Event provisions of the Notes or the Indenture by virtue of such conflict. 
 (d) On the Change of Control
Repurchase Event payment date, the Company shall, to the extent lawful: 
 (i) accept for payment all the Notes or portions of the Notes (in
minimum denominations of €100,000 and integral multiples of €1,000 above that amount) properly tendered pursuant to its offer; 

(ii) deposit on or before 10:00 a.m. (or such later time as may be agreed between the Company and the Paying Agent), London time, with the
Paying Agent an amount equal to the aggregate purchase price in respect of all the Notes or portions of the Notes properly tendered; and 

(iii) deliver or cause to be delivered to the Trustee, or to the Paying Agent on behalf of the Trustee, the Notes properly tendered and
accepted for repurchase, together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions of Notes being repurchased by the Company. 

(e) The Paying Agent will promptly mail to each Holder of Notes properly tendered the purchase price for the Notes, and the
Trustee or the Authenticating Agent, as the case may be, will promptly authenticate and send (or cause to be transferred by book-entry) (or, if a Global Note, to be adjusted on the Schedule of Exchanges attached thereto) to each Holder a new Note
equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each new Note will be in a principal amount of €100,000 or an integral multiple of €1,000 above that amount. 

(f) The Company shall not be required to make an offer to repurchase the Notes upon a Change of Control Repurchase Event if a
third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer. 

  
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 ARTICLE V 

TRANSFER AND EXCHANGE 

SECTION 5.01. Transfer and Exchange. For the purposes of this Sixth Supplemental Indenture only, Section 203(1) of the Original
Indenture is replaced in its entirety by the following: 
 “SECTION 203. Transfer and Exchange. 

(1) Transfer and Exchange of Global Securities. A Global Security may not be transferred as a whole except by the Depository to
a nominee of the Depository, by a nominee of the Depository to the Depository or to another nominee of the Depository, or by the Depository or any such nominee to a successor Depository or a nominee of such successor Depository. Elavon Financial
Services DAC initially has been appointed to act as Depository with respect to the Global Securities. Global Securities shall be exchanged by the Company for Definitive Securities if: 

(A) the Company has been notified that both Clearstream Banking S.A. and Euroclear Bank SA/NV have been closed for business for
a continuous period of 14 days (other than by reason of holiday, statutory or otherwise) or have announced an intention permanently to cease business or have in fact done so and no successor clearing system is available; 

(B) the Company, in its sole discretion and subject to the procedures of the Depository, notifies the Trustee and Paying Agent
in writing that the Global Securities (in whole but not in part) should be exchanged for Definitive Securities; or 
 (C)
there shall have occurred and be continuing an Event of Default under this Indenture. 
 Upon the occurrence of any of the preceding events
in (A) or (B) above, the Company will notify the Trustee in writing that, upon surrender by the Participants of their interest in such Global Securities, Definitive Securities will be issued to each Person that such Participants and the
Depository identify as being the beneficial owner of the related Securities. Beneficial interests in Global Securities may be exchanged for Definitive Securities of this series upon request but only upon at least 30 days’ prior written notice
given to the Trustee by or on behalf of the Depository in accordance with customary procedures. Global Securities also may be exchanged or replaced, in whole or in part, as provided in Sections 304, 305 and 306 hereof. Except as otherwise provided
above in this Section 203, every Security authenticated and delivered in exchange for, or in lieu of, a Global Security or any portion thereof, pursuant to this Section 203 or Sections 304, 305 or 306 hereof, shall be authenticated and
delivered in the form of, and shall be, a Global Security. A Global Security may not be exchanged for another Security other than as provided in this Section 203(1). 

In all cases, Definitive Securities delivered in exchange for any Global Security or beneficial interest therein will be
registered in the names, and issued in any approved denominations, requested by or on behalf of Clearstream Banking S.A. and Euroclear Bank SA/NV (in accordance with their customary procedures).” 

  
 16 

 ARTICLE VI 

TRUSTEE 
 SECTION 6.01.
Corporate Trust Office. Elavon Financial Services DAC, UK Branch is appointed as the Paying Agent for the Notes and U.S. Bank National Association is appointed as the Security Registrar and the Authenticating Agent for the Notes, including in
each case for the purposes of Section 1002 of the Original Indenture. The Notes may be presented for payment at the Paying Agent Office of the Paying Agent or at any other agency as may be appointed from time to time by the Company, subject to
Section 2.09 hereof, and such place or places shall be the Place of Payment for the purposes of the Indenture. Notwithstanding Section 1002 of the Original Indenture or anything else to the contrary in the Indenture, the office or agency
of the Security Registrar need not be maintained in the Place of Payment for the Notes. 
 SECTION 6.02. Certain Roles. 

(a) Each reference to the Trustee or any Agent in the Original Indenture, to the extent it relates to the performance of duties
or the exercise of rights assigned by this Sixth Supplemental Indenture, the Notes, or the Agency Agreement, in each case to the Paying Agent, shall be deemed to be a reference to the Paying Agent. 

(b) The references to the Trustee in Section 201 of the Original Indenture, the reference to the Trustee in
Section 309 of the Original Indenture, each related reference in the Original Indenture to the Trustee receiving Securities for cancellation or cancelling Securities (including such references contained in the definition of
“Outstanding” and in Sections 202 and 401 of the Original Indenture), and each other reference to the Trustee or any Agent, to the extent it relates to the performance of duties or the exercise of rights assigned by this Sixth Supplemental
Indenture, the Notes, or the Agency Agreement, in each case to the Security Registrar, shall be deemed to be a reference to the Security Registrar. 

(c) Each reference to the Trustee or any Agent, to the extent it relates to the performance of duties or the exercise of rights
assigned by this Sixth Supplemental Indenture, the Notes, or the Agency Agreement, in each case to the Authenticating Agent, shall be deemed to be a reference to the Authenticating Agent. 

(d) Notwithstanding anything to the contrary, the Trustee, Paying Agent, Security Registrar, and Authenticating Agent may, with
the consent of the Company, provide for the performance of any of the duties to be performed by any of them under the Indenture or the Notes to be performed by another of them, subject to the terms of the Indenture, and any duties so performed shall
be deemed to have been performed by the appropriate party for all purposes under the Indenture and the Notes. 

  
 17 

 SECTION 6.03. Recitals of Fact. The Trustee makes no representation as to and shall
not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Sixth Supplemental Indenture or the Notes or the due execution thereof by the Company, except for any certificate of authentication in accordance
with the Indenture. The recitals of fact contained herein shall be taken as the statements solely of the Company and the Trustee assumes no responsibility for the correctness thereof, except for any certificate of authentication in accordance with
the Indenture. The Trustee shall not be accountable for the use or application by the Company of the Notes or the proceeds thereof. Neither the Trustee nor any Paying Agent shall be responsible for monitoring the Company’s rating status, making
any request upon any Rating Agency or determining whether any Below Investment Grade Rating Event with respect to the Notes has occurred. The Trustee is hereby authorized to enter into the Agency Agreement and perform its obligations and exercise
its rights thereunder in accordance with its terms. All of the provisions contained in the Indenture in respect of the rights, powers, privileges, and immunities of the Trustee shall be applicable in respect of this Sixth Supplemental Indenture and
the Agency Agreement as fully and with like force and effect as though set forth in full herein and therein. 
 SECTION 6.04.
Successor. Any corporation or association into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation or association to which all or substantially all of the corporate trust business of the Trustee may be sold or otherwise transferred, shall be the successor trustee hereunder without any further act. 

ARTICLE VII 

MISCELLANEOUS PROVISIONS 

SECTION 7.01. Ratification of Original Indenture. This Sixth Supplemental Indenture is executed and shall be construed as an indenture
supplemental to the Original Indenture, and as supplemented and modified hereby, the Original Indenture is in all respects ratified and confirmed, and the Original Indenture and this Sixth Supplemental Indenture shall be read, taken and construed as
one and the same instrument. 
 SECTION 7.02. Effect of Headings. The Article and Section headings herein are for convenience only
and shall not affect the construction hereof. 

  
 18 

 SECTION 7.03. Successors and Assigns. All covenants and agreements in this Sixth
Supplemental Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 
 SECTION 7.04. Separability
Clause. In case any one or more of the provisions contained in this Sixth Supplemental Indenture shall for any reason be held to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby. 
 SECTION 7.05. Governing Law. THIS SIXTH SUPPLEMENTAL INDENTURE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7.06. Counterparts. This Sixth
Supplemental Indenture may be executed in any number of counterparts, and each of such counterparts shall for all purposes be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. Signatures 

of the parties hereto transmitted by facsimile or PDF may be used in lieu of the originals and shall be deemed to be their original signatures for all
purposes. 

  
 19 

 * * * * 

IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental Indenture to be duly executed as of the date first above written. 

 

					
	ZIMMER BIOMET HOLDINGS, INC.
		
	By:	 	 /s/ Suketu Upadhyay

		 	Name:	 	Suketu Upadhyay
		 	Title:	 	Executive Vice President and
		 		 	Chief Financial Officer
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	 /s/ Maddy Hughes

		 	Name:	 	Maddy Hughes
		 	Title:	 	Vice President

 [Signature page to Sixth Supplemental Indenture – Nov. 2019 Euro Debt Offering] 

 EXHIBIT A 

FORM OF GLOBAL 2027 NOTE 

[FACE OF GLOBAL NOTE] 
 THIS GLOBAL
NOTE IS HELD BY, AND REGISTERED IN THE NAME OF, THE DEPOSITORY (AS DEFINED IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE, IS NOT EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (A) THE SECURITY REGISTRAR MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 203 OF
THE INDENTURE, (B) THIS GLOBAL NOTE MAY BE EXCHANGED PURSUANT TO SECTION 203(1) OF THE INDENTURE, (C) THIS GLOBAL NOTE MAY BE DELIVERED TO THE SECURITY REGISTRAR FOR CANCELLATION PURSUANT TO SECTION 309 OF THE INDENTURE AND (D) THIS
GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITORY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV (“EUROCLEAR”) OR CLEARSTREAM BANKING S.A. (“CLEARSTREAM”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF USB NOMINEES (UK) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR OR CLEARSTREAM (AND ANY PAYMENT IS MADE TO USB NOMINEES (UK) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF EUROCLEAR OR CLEARSTREAM), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, USB NOMINEES (UK) LIMITED, HAS AN INTEREST HEREIN. 

  

€[            ] 1.164% Note due 2027 

A-1 

 Common Code: 207910589 

ISIN: XS2079105891 
 CUSIP:
98956P AR3 
 ZIMMER BIOMET HOLDINGS, INC. 

€[                ] 1.164% Note due 2027 

 

			
	€[                ]	  	No.: R-•

 Zimmer Biomet Holdings, Inc., a corporation duly organized and existing under the laws of the State of
Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to USB NOMINEES (UK) LIMITED, as nominee of the common depositary for
Euroclear and Clearstream, or registered assigns, the principal sum of €[                ] euros (or such other lesser or greater amount set forth on the Schedule
of Exchanges of Interests in the Global Note attached hereto) on November 15, 2027, and to pay interest thereon from November 15, 2019 or from the most recent Interest Payment Date to which interest has been paid or duly provided for,
annually on November 15 of each year, commencing on November 15, 2020, at the rate of 1.164% per annum, until the principal hereof is paid or made available for payment. 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 Note (as defined on the reverse hereof) (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 November 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Interest on the Notes of this series shall be computed on the basis of the actual
number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Notes (or November 15, 2019, if no interest has been paid on the Notes), to,
but excluding, the next scheduled Interest Payment Date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 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 Note (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 Holder of Notes 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 Notes 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 an Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the related payment of interest or principal, as
applicable, will be made on the next Business Day as if it were made on the date the payment was due, and no interest will accrue on the amount so payable for the period from and after that Interest Payment Date or the Maturity Date, as the case may
be, to the date the payment is made. Interest payments will include accrued interest from and including the date of issue or from and including the last date in respect to which interest has been paid, as the case may be, to, but excluding, the
Interest Payment Date or the Maturity Date, as the case may be. 

  

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A-2 

 Payments of principal, interest and Additional Amounts (as defined on the reverse hereof),
if any, in respect of the Notes of this series will be made to Euroclear, Clearstream, such nominee or such Depository, as the case may be, as Holder thereof. 

The Company shall maintain a Paying Agent authorized by the Company to pay the principal of or any premium or interest on any Notes of this
series on behalf of Company. Elavon Financial Services DAC, UK Branch will initially act as the Paying Agent. The Company shall also maintain a Security Registrar for the purpose of registering and transferring the Notes of this series. U.S. Bank
National Association will initially act as Security Registrar. Principal and interest on the Notes of this series will be payable at the Paying Agent Office in immediately available funds and shall be payable in euro and, except as set forth below,
not any other currency. The Notes of this series will be transferable or exchangeable at the Paying Agent Office. For the purposes hereof, “euro” means the single currency introduced at the third stage of the European Economic and Monetary
Union pursuant to the Treaty on the Functioning of the European Union, as amended from time to time. Payment of interest on the Notes of this series may be made at the Company’s option by check sent to the Holders. The Trustee shall appoint and
authorize an Authenticating Agent to authenticate and deliver the Notes of this series on behalf of the Trustee. U.S. Bank National Association will initially act as the Authenticating Agent. 

No service charge will be made for any transfer or exchange of the Notes of this series, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge payable in connection with a transfer or exchange. 
 Initial Holders will be
required to pay for the Notes of this series in euro, and principal, including any payments made upon any redemption or repurchase of the Notes of this series, premium, if any, and interest payments in respect of the Notes of this series will be
payable in euro. Distributions of principal, premium, if any, and interest with respect to the Notes of this series will be credited in euro to the extent received by Euroclear or Clearstream from the Paying Agent to the cash accounts of Euroclear
or Clearstream customers in accordance with the relevant system’s rules and procedures. If euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s control or the euro is no
longer used by the member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions within the international banking community, then all payments in respect of the
Notes of this series will be made in Dollars until euro is again available to the Company or so used. In such circumstances, the amount payable on any date in euro will be converted to Dollars on the basis of the Market Exchange Rate on the second
Business Day before that payment is due, or if such Market Exchange Rate is not then available, on the basis of the most recently available Market Exchange Rate on or before the date that payment is due. Any payment in respect of the Notes of this
series so made in Dollars will not constitute an Event of Default under the Indenture. Neither the Trustee nor the Paying Agent shall be responsible for obtaining exchange rates, effecting conversions or otherwise handling re-denominations. 
 Reference is hereby made to the further provisions of this Note set forth on the
reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

  

€[            ] 1.164% Note due 2027 

A-3 

 Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof or the Authenticating Agent referred to herein by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  

€[            ] 1.164% Note due 2027 

A-4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

					
	 ZIMMER BIOMET HOLDINGS, INC.

		
	 By:
	 	  

		 	 Name:
	 	 Suketu Upadhyay

		 	 Title:
	 	Executive Vice President
		 		 	and Chief Financial Officer

  

			
	Attest:
	
	  

	Name:	 	Chad F. Phipps
	Title:	 	Senior Vice President, General Counsel
		 	and Secretary

  

€[            ] 1.164% Note due 2027 

A-5 

 CERTIFICATE OF AUTHENTICATION 

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

Dated: November 15, 2019 
  

			
	Wells Fargo Bank, National Association, as Trustee
	
	 By U.S. Bank National Association, as

Authenticating Agent

		
	By:	 	  

		 	Authorized Signatory

  

€[            ] 1.164% Note due 2027 

A-6 

 [FORM OF REVERSE OF NOTE] 

This Security is one of a duly authorized issue of Securities of the Company (herein called the “Note” or “Notes”), issued
and to be issued in one or more series under an Indenture, dated as of November 17, 2009 (the “Original Indenture”), as supplemented and amended by the Sixth Supplemental Indenture thereto dated as of November 15, 2019 (the
“Sixth Supplemental Indenture” and together with the Original Indenture, the “Indenture”), between the Company and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee”, which term includes any
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 Company, the Trustee and the Holders of the Notes of this
series and of the terms upon which the Notes of this series are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof, limited in aggregate principal amount to €500,000,000. 

The Notes of this series are redeemable, either in whole at any time or in part from time to time, at the option of the Company, prior to the
Par Call Date, upon not less than 30 days and not more than 60 days prior notice transmitted to the Holders of the Notes to be redeemed by mail (or with respect to the Global Note, to the extent permitted or required by applicable Euroclear or
Clearstream procedures or regulations, sent electronically), (provided, however, that, if the Company shall have elected pursuant to the Indenture to defease the entire Indebtedness of this Note or certain restrictive covenants and
Events of Defaults with respect to this Note, prior to making such election to redeem the Notes it shall have deposited in trust amounts sufficient to pay the Redemption Price), on any date prior to their Stated Maturity at a Redemption Price equal
to the greater of (i) 100% of the principal amount of such Notes to be redeemed on that Redemption Date, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date and (ii) the sum of the present values of the Remaining
Scheduled Payments (as defined below) of such Notes to be redeemed on that Redemption Date, discounted to the Redemption Date on an annual basis (ACTUAL/ACTUAL(ICMA)) at the Comparable Government Bond Rate (as defined below), plus 25 basis points,
plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. 
 The Notes of this series are redeemable, either in whole
at any time or in part from time to time, at the option of the Company, on and after the Par Call Date, upon not less than 30 days and not more than 60 days prior notice transmitted to the Holders of the Notes to be redeemed, at a Redemption Price
equal to 100% of the principal amount of the Notes to be redeemed on that Redemption Date, plus accrued and unpaid interest to, but excluding, the Redemption Date. 

If less than all of the Notes of this series are to be redeemed, the Notes of this series to be redeemed shall be selected by the Trustee by a
method the Trustee deems to be fair and appropriate, or in the event that the Notes are represented by one or more Global Notes, beneficial interests therein shall be selected for redemption by Clearstream and Euroclear in accordance with their
respective applicable procedures therefor. If the Notes of this series are listed on any national securities exchange, Euroclear or Clearstream will select Notes in compliance with the requirements of the principal national securities exchange on
which the Notes are listed. Notwithstanding the foregoing, if less than all of the Notes of this series are to be redeemed, no Notes of a principal amount of €100,000 or less shall be redeemed in part. 

  

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A-7 

 “Comparable Government Bond” means, in relation to any Comparable
Government Bond Rate calculation, at the discretion of an Independent Investment Banker (as defined below), a German government bond whose (a) maturity is closest to the maturity of the Notes of this series (assuming, for this purpose, the
Notes mature on the Par Call Date) and (b) principal amount is approximately equal to the then outstanding principal amount of the Notes of this series, or if such Independent Investment Banker in its discretion determines that such similar
bond is not in issue, such other German government bond as such Independent Investment Banker may, with the advice of the Reference Bond Dealers (as defined below), determine to be appropriate for determining the Comparable Government Bond Rate.

 “Comparable Government Bond Rate” means the price, expressed as a percentage (rounded to three decimal places, with
0.0005 being rounded upwards), at which the gross redemption yield on the Notes of this series to be redeemed, if they were to be purchased at such price on the third Business Day prior to the Redemption Date, would be equal to the gross redemption
yield on such Business Day of the Comparable Government Bond on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by the Independent Investment Banker.

 “Independent Investment Banker” means one of the Reference Bond Dealers that the Company appoints in good faith as the
Independent Investment Banker from time to time. 
 “Par Call Date” means September 15, 2027. 

“Reference Bond Dealer” means each of BNP Paribas, J.P. Morgan Securities plc, MUFG Securities EMEA plc and SMBC Nikko
Capital Markets Limited and their respective successors. 
 “Remaining Scheduled Payments” means, with respect to each Note
of this series to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related Redemption Date for such redemption (assuming, for this purpose, the Note matures on the Par Call
Date); provided, however, that, if such Redemption Date is not an Interest Payment Date with respect to such Note, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued
thereon to such Redemption Date. 
 In the event of redemption of this Note in part only, a new Note or Notes 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 a Change of
Control Repurchase Event occurs, unless the Company has exercised its right to redeem the Notes of this series pursuant to the Indenture, the Company will be required to make an offer to each Holder of the Notes of this series to repurchase all or
any part (in minimum denominations of €100,000 and integral multiples of €1,000 above that amount) of that Holder’s Notes of this series at a repurchase price in cash equal to 101% of the aggregate principal amount of such Notes
repurchased plus any accrued and unpaid interest on such Notes repurchased to the date of repurchase, in accordance with and pursuant to the terms and conditions set forth in the Indenture. 

  

€[            ] 1.164% Note due 2027 

A-8 

 All payments in respect of the Notes of this series shall be made without withholding or
deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by the United States, any political subdivision thereof or any taxing authority thereof or therein
(collectively, “Taxes”), unless such withholding or deduction is required by law. If such withholding or deduction of Taxes is required by law, the Company will pay to each Holder who is not a United States Person (as defined below) such
additional amounts (“Additional Amounts”) on such Notes as are necessary in order that the net payment of the principal of, and premium, if any, and interest on, such Notes to such Holder, after such withholding or deduction, will not be
less than the amount provided in this series of Notes to be then due and payable, subject to the exceptions described below. This obligation to pay Additional Amounts shall not apply: 

(1) to any Taxes that would not have been imposed but for the Holder, or a fiduciary, settlor, beneficiary, member or
shareholder of the Holder if the Holder is an estate, trust, partnership or corporation, or a Person holding a power over an estate or trust administered by a fiduciary Holder, being considered as: 

(a) being or having been engaged in a trade or business in the United States or having or having had a permanent
establishment in the United States or having or having had a qualified business unit which has the Dollar as its functional currency; 

(b) having a current or former connection with the United States (other than a connection arising solely as a result of
the ownership of such Notes, the receipt of any payment or the enforcement of any rights thereunder) or being considered as having such relationship, including being or having been a citizen or resident of the United States; 

(c) being or having been a personal holding company, a passive foreign investment company or a controlled foreign
corporation for United States income tax purposes or a foreign personal holding company that has accumulated earnings to avoid United States federal income tax; 

(d) being or having been a “10-percent shareholder” of the Company as
defined in Section 871(h)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury regulations thereunder or any successor provision; or 

(e) being a bank described in Section 881(c)(3)(A) of the Code; 

(2) to any Holder that is not the sole beneficial owner of such Notes, or a portion of such Notes, or that is a fiduciary,
partnership or limited liability company, but only to the extent that a beneficiary or settlor with respect to the fiduciary, a beneficial owner or member of the partnership or limited liability company would not have been entitled to the payment of
any Additional Amounts had the beneficiary, settlor, beneficial owner or member received directly its beneficial or distributive share of the payment; 

(3) to any Taxes that would not have been imposed but for the failure of the Holder or any other Person to comply with
certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the United States of the Holder or beneficial owner of such Notes, if compliance is required by statute, by
regulation of the United States, any political subdivision thereof or any taxing authority 

  

€[            ] 1.164% Note due 2027 

A-9 

 
therein or by an applicable income tax treaty to which the United States is a party as a precondition to exemption from Taxes; 

(4) to any Taxes that are imposed otherwise than by withholding by the Company or the Paying Agent (as the case may be)
from the payment; 
 (5) to any Taxes that would not have been imposed but for a change in law, regulation, or
administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later; 

(6) to any estate, inheritance, gift, sales, excise, transfer, wealth, capital gains or personal property tax or similar
Taxes; 
 (7) to any withholding or deduction that is imposed on a payment to an individual and that is required to be
made pursuant to any law implementing or complying with, or introduced in order to conform to, any European Council Directive on the taxation of savings (the “Directive”); 

(8) to any Taxes required to be withheld by the Paying Agent from any payment of principal of, or premium, if any, or
interest on such Note, if such payment can be made without such withholding by at least one other paying agent; 

(9) to any Taxes that would not have been imposed but for the presentation by the Holder of such Note, where presentation
is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

(10) to any withholding or deduction that is imposed on a payment pursuant to Sections 1471 through 1474 of the Code,
the Foreign Account Tax Compliance Act, and related Treasury regulations and pronouncements, or any successor provisions and any regulations or official law, agreement or interpretations thereof implementing an intergovernmental approach thereto; or

 (11) in the case of any combination of items (1), (2), (3), (4), (5), (6), (7), (8), (9) and (10). 

The Notes of this series are subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial interpretation
applicable to such Notes. Except as specifically provided herein, the Company will not be required to make any payment for any Taxes of whatever nature imposed by any government or a political subdivision or taxing authority of or in any government
or political subdivision. Neither the Trustee nor the Paying Agent shall have any responsibility or liability for the determination, verification or calculation of any Additional Amounts. 

As used herein, the term “United States” means the United States of America (including the states and the District of Columbia and
any political subdivision thereof), and the term “United States Person” means any individual who is a citizen or resident of the United States for U.S. federal income tax purposes, a corporation, partnership or other entity created or
organized in or under the laws of the United States, including an entity treated as a corporation for United States income tax purposes, or any estate or trust the income of which is subject to United States federal income taxation regardless of its
source. 

  

€[            ] 1.164% Note due 2027 

A-10 

 Whenever in the Indenture (including in this Note) there is referenced, in any context, the
payment of amounts based on the payment of principal of, or premium, if any, or interest on, the Notes of this series, or any other amount payable thereunder or with respect thereto, such reference will be deemed to include the payment of Additional
Amounts as described hereunder to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. 

The Notes of this series are redeemable in whole, but not in part, at any time, at the option of the Company, upon not less than 30 days and
not more than 60 days prior notice to the Holders of the Notes to be redeemed, at a Redemption Price equal to 100% of the principal amount of the Notes of this series to be redeemed on that Redemption Date, plus accrued and unpaid interest on the
Notes being redeemed to, but excluding, the Redemption Date if, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United States or any political subdivision thereof (or any
taxing authority thereof or therein), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations or rulings, which change or amendment is announced or becomes effective on or after
November 8, 2019, the Company becomes or, based upon a written opinion of independent counsel selected by the Company, will become obligated to pay Additional Amounts with respect to the Notes of this series. 

Upon notice to the Trustee, the Company may change the Paying Agent or Security Registrar; provided, however, that, for so long
as the Notes of this series are outstanding and the provisions of the Directive continue to have effect, the Company will maintain a Paying Agent in a member state of the European Union that is not obligated to withhold or deduct tax pursuant to the
Directive, or any law implementing or complying with or introduced in order to conform to such Directive (so long as there is such a member state). 

The Indenture contains provisions for defeasance at any time of the entire Indebtedness of this Note or certain restrictive covenants and
Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. 
 If an Event
of Default with respect to Notes of this series shall occur and be continuing, the principal of the Notes of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Notes of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Notes 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 Notes of each series at the time Outstanding, on behalf of the Holders of all Notes of such
series, to waive compliance by the Company 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 Note shall be conclusive and binding upon such
Holder and upon all future Holders of this Note and of any Note 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 Note. 

  

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A-11 

 As provided in and subject to the provisions of the Indenture, the Holder of this Note shall
not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a
continuing Event of Default with respect to the Notes of this series, the Holders of not less than 25% in principal amount of the Notes of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in
respect of such Event of Default as Trustee and offered the Trustee indemnity or security reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes 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. The foregoing shall not apply to any suit instituted by the
Holder of this Note for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and any premium and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note may be registered and this Note
may be exchanged as provided in the Indenture. 
 The Notes of this series shall be issued and may be transferred only in minimum
denominations of €100,000 and integral multiples of €1,000 in excess thereof. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company 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 Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. To the extent any
provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

  

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A-12 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to: 
  
  

(Insert assignee’s social security or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably
appoint                    as agent to transfer this Note on the books of the Company. 

The agent may substitute another to act for him. 
  

 
 Your
Signature:                                       
                                         
                                         
                                         
                                   

(Sign exactly as your name appears on the other side of this Note) 

Your
Name:                                        
                                         
                                         
                                         
                                  

Date:                     

Signature
Guarantee:                                       
                                         
                                         
                                    * 

*NOTICE: The Signature must be guaranteed by an Institution which is a member of one of the following recognized signature Guarantee Programs: (i) The
Securities Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) such other guarantee program acceptable to the Trustee. 

  

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A-13 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of an interest in this Global Note for an interest in another Global Note or for a Definitive Security, or exchanges
of an interest in another Global Note or a Definitive Security for an interest in this Global Note have been made: 
  

									
	 Date of Exchange
	 	 Amount of decrease

in Principal Amount of
 this
Global Note
	 	 Amount of increase

in Principal Amount of
 this
Global Note
	 	 Principal Amount of this

Global Note following
 such
decrease or increase
	 	 Signature of authorized

signatory or Trustee or

Securities Custodian

  

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A-14

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