Document:

First Supplemental Indenture

 Exhibit 4.2 

 
  
 WPP FINANCE 2010, 
 as Issuer 

and 
 WPP PLC,

 as Parent Guarantor 
 and 
 WPP AIR 1 LIMITED, 

WPP 2008 LIMITED, 

WPP 2005 LIMITED, 
 as Subsidiary Guarantors 
 and 

WILMINGTON TRUST, NATIONAL ASSOCIATION, 
 as Trustee 
 and 

CITIBANK, N.A., 

as Security Registrar and Principal Paying Agent 
 and 
 CITIBANK, N.A., LONDON BRANCH, 

as a Paying Agent 
  

 

FIRST SUPPLEMENTAL INDENTURE  

Dated as of November 21, 2011 
  

 
 4.75% Senior
Notes due 2021 
  
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE ONE DEFINITIONS
	  	 	2	  
	 Section 1.01
	  	Provisions of the Base Indenture	  	 	2	  
	 Section 1.02
	  	Definitions	  	 	2	  
		
	 ARTICLE TWO GENERAL TERMS AND CONDITIONS OF THE NOTES
	  	 	7	  
	 Section 2.01
	  	Designation and Principal Amount.	  	 	7	  
	 Section 2.02
	  	Stated Maturity	  	 	8	  
	 Section 2.03
	  	Interest	  	 	8	  
	 Section 2.04
	  	Authorized Denominations	  	 	11	  
	 Section 2.05
	  	Listing	  	 	12	  
	 Section 2.06
	  	Optional Redemption	  	 	12	  
	 Section 2.07
	  	Tax Redemption	  	 	12	  
	 Section 2.08
	  	Repurchase upon Change of Control Repurchase Event	  	 	12	  
	 Section 2.09
	  	Ranking	  	 	12	  
	 Section 2.10
	  	Guarantees	  	 	13	  
	 Section 2.11
	  	Defeasance	  	 	13	  
	 Section 2.12
	  	Waiver of Jersey Customary Law Rights.	  	 	13	  
		
	 ARTICLE THREE FORM OF NOTES
	  	 	14	  
	 Section 3.01
	  	Forms Generally.	  	 	14	  
	 Section 3.02
	  	Form of Trustee’s Certificate of Authentication	  	 	33	  
	 Section 3.03
	  	Transfers and Exchanges	  	 	33	  
		
	 ARTICLE FOUR MISCELLANEOUS PROVISIONS
	  	 	37	  
	 Section 4.01
	  	Separability of Invalid Provisions	  	 	37	  
	 Section 4.02
	  	Execution in Counterparts	  	 	37	  
	 Section 4.03
	  	Certain Matters	  	 	37	  
	 Section 4.04
	  	Conflict with Trust Indenture Act	  	 	37	  
	 Section 4.05
	  	Effect of Headings and Table of Contents	  	 	38	  
	 Section 4.06
	  	Successors and Assigns	  	 	38	  
	 Section 4.07
	  	Benefits of Indenture	  	 	38	  
	 Section 4.08
	  	Governing Law	  	 	38	  
	 Section 4.09
	  	Submission to Jurisdiction; Appointment of Agent for Service of Process	  	 	38	  
	 Section 4.10
	  	Priority of First Supplemental Indenture	  	 	39	  
	 Section 4.11
	  	Not Responsible for Recitals or Issuance of Securities	  	 	39	  
	 Section 4.12
	  	Liquidated Damages Notice	  	 	39	  
	 Section 4.13
	  	U.S.A. Patriot Act	  	 	40	  

 FIRST SUPPLEMENTAL INDENTURE, dated as of November 21, 2011, among WPP FINANCE 2010, a
private unlimited liability company organized and existing under the laws of England and Wales (herein called the “Issuer”), having its principal office at 27 Farm Street, London W1J 5RJ, WPP PLC, a public company limited by shares
incorporated under the Companies (Jersey) Law 1991 (the “Parent Guarantor”), WPP AIR 1 LIMITED, a company limited by shares incorporated in Ireland, WPP 2008 LIMITED, a private limited company organized and existing under the laws of
England and Wales and WPP 2005 LIMITED, a private limited company organized and existing under the laws of England and Wales (collectively, the “Subsidiary Guarantors” and, together with the Parent Guarantor, the “Guarantors”),
WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, as Trustee (herein called the “Trustee”), CITIBANK, N.A., as Security Registrar and Principal Paying Agent, and CITIBANK, N.A., LONDON BRANCH, as a Paying Agent, to
the Indenture, dated as of November 21, 2011, among the Issuer, the Parent Guarantor, the Subsidiary Guarantors, the Trustee, the Security Registrar and Principal Paying Agent and the Paying Agent (as amended and supplemented from time to time,
exclusive of any supplemental indentures creating a new series of Securities, herein called the “Base Indenture”). 
 W
I T N E S S E T H: 
 WHEREAS, the Base Indenture provides for the issuance from time to time thereunder, in series, of debt
Securities of the Issuer, and Section 901 of the Base Indenture provides for the establishment of the form or terms of Securities issued thereunder through one or more supplemental indentures; 

WHEREAS, the Issuer desires by this First Supplemental Indenture to create a series of Securities to be issuable under the Base
Indenture, as supplemented by this First Supplemental Indenture, and to be known as the Issuer’s “4.75% Senior Notes due 2021” (the “Notes”), which are to be initially limited in aggregate principal amount as specified in
this First Supplemental Indenture and the terms and provisions of which are to be as specified in this First Supplemental Indenture; 
 WHEREAS, the Issuer has duly authorized the execution and delivery of this First Supplemental Indenture to establish the Notes as a series of Securities under the Base Indenture and to provide for, among
other things, the issuance of and the form and terms of the Notes and additional covenants for purposes of the Notes and the Holders thereof; 
 WHEREAS, the Guarantors have duly authorized the execution and delivery of this First Supplemental Indenture to provide for the Guarantees of the Notes; and 

WHEREAS, all things necessary to make this First Supplemental Indenture a valid agreement of the Issuer and the Guarantors, in accordance
with its terms, have been done. 
 NOW, THEREFORE, for and in consideration of the premises and the purchase and acceptance of
the Notes by the Holders thereof and for the purpose of setting forth, as provided in the Base Indenture, the form of the Notes and the terms, provisions and conditions thereof, the Issuer and the Guarantors covenant and agree with the Trustee as
follows: 

 ARTICLE ONE 
 DEFINITIONS 
 Section 1.01 Provisions of the Base Indenture.

 Except as herein otherwise expressly provided, all the definitions, provisions, terms and conditions of the Base Indenture
shall remain in full force and effect with respect to the Notes. The Base Indenture, as amended and supplemented by this First Supplemental Indenture, is in all respects ratified and confirmed, and the Base Indenture and this First Supplemental
Indenture shall be read, taken and considered as one and the same instrument for all purposes and every Holder of Notes of any series authenticated and delivered under the Base Indenture shall be bound hereby. 

Section 1.02 Definitions. 
 For all purposes of this First Supplemental Indenture and the Notes, except as otherwise expressly provided or unless the subject matter or context otherwise requires: 

(a) unless the context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or
Section, as the case may be, of this First Supplemental Indenture; 
 (b) the words “herein”, “hereof” and
“hereunder” and other words of similar import refer to this First Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision; 
 (c) all terms used in this First Supplemental Indenture that are defined in the Base Indenture have the meanings assigned to them in the Base Indenture, except as otherwise provided in this First
Supplemental Indenture; 
 (d) the term “Securities” as defined in the Base Indenture and as used in any definition
therein, shall be deemed to include or refer to, as applicable, the Notes; and 
 (e) the following terms have the meanings given
to them in this Section 1.02(e): 
 “Applicable Procedures” means, with respect to any transfer or transaction
involving a Global Note or beneficial interest therein, the rules and procedures of the Depositary, Euroclear and Clearstream for such Global Note, in each case to the extent applicable to such transaction and as in effect from time to time.

  
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 A “Change of Control Repurchase Event” shall be deemed to occur if: 

 

	 	(i)	(a) (i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than a holding company whose
shareholders are or are to be substantially similar to the Parent Guarantor’s shareholders immediately prior to such company becoming the Parent Guarantor’s parent company, is or becomes the “beneficial owner” (as such term is
used in Rule 13d-3 under the Exchange Act), directly or indirectly, as a result of a purchase, merger or otherwise, of (x) more than 50% of the issued ordinary share capital of the Parent Guarantor, or, in lieu thereof after the creation of a
New Parent, more than 50% of the issued ordinary share capital of the New Parent or (y) shares in the capital of the Parent Guarantor carrying more than 50% of the voting rights (“Voting Stock”) normally exercisable at a general
meeting of the Parent Guarantor, or, in lieu thereof after the creation of a New Parent, more than 50% of the Voting Stock of the New Parent normally exercisable at a general meeting of the New Parent or (ii) any Guarantor ceases to be a direct
or indirect Subsidiary of any Parent Guarantor; 

 (b) the direct or indirect sale, lease,
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 assets of the Parent Guarantor 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 to the Parent Guarantor or one of its Subsidiaries or, in lieu thereof after the creation of a New Parent, the direct or indirect sale, lease,
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 assets of the New Parent 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 to the New Parent or one of its Subsidiaries; 
 (c) the Parent Guarantor consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into, the Parent Guarantor, in any such event pursuant to a transaction
in which any of the outstanding Voting Stock of the Parent Guarantor or such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Voting Stock of the Parent
Guarantor outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the 

  
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Voting Stock of the surviving Person immediately after giving effect to such transaction or, in lieu thereof after the creation of a New Parent, the New Parent consolidates with, or merges with
or into, any Person, or any Person consolidates with, or merges with or into, the New Parent, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the New Parent or such other Person is converted into or
exchanged for cash, securities or other property, other than any such transaction where the shares of the Voting Stock of the New Parent outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority
of the Voting Stock of the surviving Person immediately after giving effect to such transaction; 
 (d) the
majority of the members of the board of directors of the Parent Guarantor shall cease to be Continuing Directors or, in lieu thereof after the creation of a New Parent, the majority of the members of the board of directors of the New Parent shall
cease to be Continuing Directors; or 
 (e) the adoption of a plan relating to the liquidation or dissolution of
the Parent Guarantor or, in lieu thereof after the creation of a New Parent, the adoption of a plan relating to the liquidation or dissolution of the New Parent (each of the events set forth in clauses (a) through (e), a “Change of
Control”); and 
 (ii) at the time of the occurrence of a Change of Control, the Notes carry an investment
grade credit rating (Baa3/BBB-, or equivalent, or better), from any Rating Agency and such rating from any Rating Agency is, within a period ending 120 days after announcement of the Change of Control having occurred (or such longer period as the
Notes are under consideration, announced publicly within such 120 day period, for rating review), either downgraded to a non-investment grade credit rating (Bal/BB+, or equivalent, or worse) or withdrawn. 

Notwithstanding the foregoing, (a) if at the time of the occurrence of the Change of Control the Notes carry either a non-investment grade credit
rating from each Rating Agency then assigning a credit rating to the Notes or no credit rating from any Rating Agency, a Change of Control Repurchase Event shall be deemed to occur upon the occurrence of a Change of Control alone; and (b) if at
the time of the occurrence of the Change of Control the Notes carry a rating from more than one Rating Agency, at least one of which is investment grade, then sub-paragraph (ii) shall apply. 

“Continuing Director” means, as of any date of determination, any member of the board of directors of the Parent Guarantor who:

  
 4 

 (i) was a member of such board of directors on the date hereof; or

 (ii) was nominated for election or elected to such board of directors with the approval of a majority of the
Continuing Directors who were members of such board of directors at the time of such nomination or election, 
 provided that, in lieu
thereof after the creation of a New Parent, “Continuing Director” means, as of any date of determination, any member of the board of directors of the New Parent who: 

(i) was a member of such board of directors on the date that the New Parent became a guarantor under the Indenture; or

 (ii) was nominated for election or elected to such board of directors with the approval of a majority of the
Continuing Directors who were members of such board of directors at the time of such nomination or election. 
 “Dealer
Managers” means Barclays Capital Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc., in their capacity as dealer managers for the Private Exchange Offer. 

“Global Note” means a Note that evidences all or part of the Notes and is authenticated and delivered to, and registered in the
name of, the Depositary for such Notes or a nominee thereof. Global Notes shall include Regulation S Global Notes, Restricted Global Notes and Unrestricted Global Notes. 
 “Initial Purchasers” means the initial purchasers named in Schedule I to the Purchase Agreement, dated November 2, 2011, among the Issuer, the Guarantors and Barclays Capital Inc., HSBC
Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., BNP Paribas Securities Corp. and Citigroup Global Markets Inc., as representatives of the Initial Purchasers. 

“Issue Date” means the date that Notes were originally issued under this First Supplemental Indenture. 

“Moody’s” means Moody’s Investors Services, Inc., or any successor thereto. 

“New Parent” means any Parent Guarantor whose equity ownership is substantially the same as WPP plc or any prior Parent
Guarantor immediately prior to such New Parent becoming a Parent Guarantor. 
 “Original Notes” means all Notes
(including any additional notes issued pursuant to Section 2.01(b) hereof) other than Registered Notes. 
 “Owner
Transferee” has the meaning specified in Section 3.03(b)(i) hereof. 

  
 5 

 “Owner Transferor” has the meaning specified in Section 3.03(b)(i) hereof.

 “Predecessor Note” means, with respect to any particular Note, every previous Note evidencing all or a portion of
the same debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 305 of the Base Indenture in exchange for or in lieu of a mutilated, destroyed, lost or stolen
Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 
 “Private Exchange
Offer” means the private offer of the Issuer, commenced on November 2, 2011, to exchange up to $450 million aggregate principal amount of the Notes for the outstanding 5.875% Senior Notes due 2014 of WPP Finance (UK). 

“Qualified Institutional Buyer” means a “qualified institutional buyer” as defined in Rule 144A. 

“Rating Agencies” means each of Moody’s and S&P and, if any of Moody’s and S&P ceases to rate the Notes or
fails to make a rating of the Notes publicly available for reasons outside of the control of the Issuer, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act selected by
the Issuer (as certified by a Board Resolution) as a replacement agency for Moody’s or S&P or both of them, as the case may be. 
 “Registered Offer” means an offer made pursuant to an effective registration statement under the Securities Act by the Issuer and the Guarantors providing for the issuance of Registered Notes
and related Guarantees for tendered Registrable Notes and related Guarantees as required by the Registration Rights Agreement. 

“Registered Notes” means all Notes issued pursuant to the Registered Offer or sold or otherwise disposed of pursuant to an
effective registration statement under the Securities Act. 
 “Registrable Notes” means “Registrable
Securities” as defined in the Registration Rights Agreement. 
 “Registration Default” means the occurrence of
any of the events set forth in Section 2(e) of the Registration Rights Agreement which gives rise to an obligation on the part of the Issuer to pay additional interest on the Registrable Notes in accordance therewith. 

“Registration Rights Agreement” means the Registration Rights Agreement, dated as of the date hereof, among the Issuer, the
Guarantors, the Initial Purchasers and the Dealer Managers, as such agreement may be amended from time to time. 

“Regulation S” means Regulation S under the Securities Act. 

  
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 “Regulation S Global Note” has the meaning specified in Section 3.01 hereof.

 “Regulation S Note” means Notes offered and sold in their initial distribution in transactions exempt from the
registration requirements of the Securities Act in reliance upon Regulation S. 
 “Restricted Global Note” has the
meaning specified in Section 3.01 hereof. 
 “Restricted Global Transferred Amount” has the meaning specified in
Section 3.03(b)(i) hereof. 
 “Restricted Notes” means Notes offered and sold in their initial distribution in
transactions exempt from the registration requirements of the Securities Act other than pursuant to Regulation S. 

“Restricted Period” means the period of 40 consecutive days beginning on and including the earlier of (i) the day on which
the Private Exchange Offer is terminated and (ii) the day on which Original Notes are issued pursuant to the Private Exchange Offer. 
 “Restrictive Legends” has the meaning specified in Section 3.03(a) hereof. 
 “Rule 144A” means Rule 144A under the Securities Act. 
 “Rule
144” means Rule 144 under the Securities Act. 
 “S&P” means Standard & Poor’s Rating Services,
a division of The McGraw-Hill Companies, Inc., or any successor thereto. 
 “Substitute Rating Agency” means a
“nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act selected by the Issuer (pursuant to a Board Resolution) as a replacement agency for Moody’s or S&P, or both of
them, as the case may be. 
 “Unrestricted Global Note” has the meaning specified in Section 3.01 hereof.

 ARTICLE TWO 
 GENERAL TERMS AND CONDITIONS OF THE NOTES 
 Section 2.01 Designation and Principal Amount. 
 (a) There is hereby
authorized and established a series of Securities designated the “4.75% Senior Notes due 2021” (the “Notes”), in an initial aggregate principal amount of U.S.$500,000,000, which amount shall be specified in the Issuer Order for
the authentication and delivery of Notes pursuant to Section 303 of the Base Indenture. 

  
 7 

 (b) The Issuer may, from time to time and without the consent of the Holders, issue
additional Notes, with Guarantees as provided in the Indenture, on terms and conditions identical to those of the Notes previously issued, which additional Notes, shall increase the aggregate principal amount of, and shall be consolidated and form a
single series with, the Notes previously issued. At any time and from time to time, the Trustee shall upon receipt of an Authentication Order, authenticate and deliver any additional Notes in an aggregate principal amount specified in such
Authentication Order for such additional Notes issued hereunder. 
 (c) The Issuer and the Guarantors may issue Registered Notes
and related Guarantees pursuant to a Registered Offer, in each case pursuant to a Board Resolution and subject to Section 303 of the Base Indenture, in authorized denominations for a like principal amount of the Original Notes and related
Guarantees exchanged pursuant to the Registered Offer. In connection with any such transaction, the Original Notes surrendered shall be canceled in accordance with Section 309 of the Base Indenture and shall no longer be deemed Outstanding for
any purpose. In addition, Registered Notes may be issued in exchange for Original Notes sold pursuant to the shelf registration statement contemplated by the Registration Rights Agreement. The Original Notes and any Registered Notes shall vote and
consent together on all matters as one class and none of the Original Notes nor the Registered Notes shall have the right to vote or consent as a class separate from one another on any matter. 

Section 2.02 Stated Maturity 
 The Stated Maturity of the Notes shall be November 21, 2021. 
 Section 2.03
Interest 
 (a) The Notes shall bear interest at the rate of 4.75% per annum, subject to Section 2.03(b) and
Section 2.03(c), from November 21, 2011 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be. Interest shall be payable semi-annually on May 21 and November 21
(each an “Interest Payment Date”), beginning on May 21, 2012, to the Holders in whose names the Notes are registered at the close of business on the Regular Record Date immediately preceding the related Interest Payment Date. Interest
shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. 
 Any amount of interest on any Note
which is overdue shall bear interest (to the extent that payment thereof shall be legally enforceable) at the rate per annum then borne by such Note (giving effect to the adjustments to the interest rate contemplated by Section 2.03(b) and
Section 2.03(c)), from the date such amount is due to the day it is paid or made available for payment, and such overdue interest shall be paid as provided in Section 307 of the Base Indenture. 

(b) The interest rate payable on the Notes shall be subject to adjustments from time to time if either Moody’s or S&P, or in
either case, a Substitute Rating Agency thereof, downgrades (or subsequently upgrades) the rating assigned to the Notes, in the manner described below. 

  
 8 

 (i) If the rating of the Notes from Moody’s or any Substitute Rating
Agency thereof is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from the interest rate payable on the Notes on the Issue Date by the percentage points set forth below opposite that
rating: 
  

					
	Moody’s Rating*	  	Percentage Points	 
	 Ba1
	  	 	0.25	  
	 Ba2
	  	 	0.50	  
	 Ba3
	  	 	0.75	  
	 B1 or below
	  	 	1.00	  

	*	Including the equivalent ratings of any Substitute Rating Agency. 

(ii) If the rating of the Notes from S&P or any Substitute Rating Agency thereof is decreased to a rating set forth
in the immediately following table, the interest rate on the Notes shall increase from the interest rate payable on the Notes on the Issue Date by the percentage points set forth below opposite that rating: 

 

					
	S&P Rating*	  	Percentage Points	 
	 BB+
	  	 	0.25	  
	 BB
	  	 	0.50	  
	 BB-
	  	 	0.75	  
	 B+ or below
	  	 	1.00	  

	*	Including the equivalent ratings of any Substitute Rating Agency. 

(iii) If, at any time, the interest rate on the Notes has been adjusted upward and either Moody’s or S&P (or, in
either case, a Substitute Rating Agency thereof), as the case may be, subsequently increases its rating of the Notes to any of the ratings set forth in the tables above, the interest rate on the Notes shall be decreased such that the interest rate
for the Notes equals the interest rate payable on the Notes on the Issue Date plus the applicable percentage points set forth opposite the ratings in the tables above in effect immediately following the ratings increase. If Moody’s or any
Substitute Rating Agency thereof subsequently increases its rating of the Notes to Baa3 (or its equivalent, in the case of a Substitute Rating Agency) or higher and S&P or any Substitute Rating Agency thereof increases its rating to BBB- (or its
equivalent, in the case of a Substitute Rating Agency) or higher, the interest rate on the Notes shall be decreased to the interest rate payable on the Notes on the Issue Date. 

  
 9 

 (iv) Each adjustment required by any decrease or increase in a rating set
forth above, whether occasioned by the action of Moody’s or S&P (or, in either case, any Substitute Rating Agency thereof), shall be made independent of any and all other adjustments. In no event shall (i) the interest rate on the
Notes be reduced to below the interest rate payable on the Notes on the Issue Date or (ii) the total increase in the interest rate on the Notes exceed 2.00 percentage points above the interest rate payable on the Notes on the Issue Date.

 (v) No adjustments in the interest rate of the Notes shall be made solely as a result of a Rating Agency
ceasing to provide a rating of the Notes. If, at any time, less than two Rating Agencies provide a rating of the Notes for any reason beyond the Issuer’s control, the Issuer shall use its commercially reasonable efforts to obtain a rating of
the Notes from a Substitute Rating Agency, to the extent one exists, and if a Substitute Rating Agency exists, for purposes of determining any increase or decrease in the interest rate on the Notes pursuant to the table above (x) such
Substitute Rating Agency shall be substituted for the last Rating Agency to provide a rating of the Notes but which has since ceased to provide such rating, (y) the relative ratings scale used by such Substitute Rating Agency to assign ratings
to senior unsecured debt shall be determined in good faith by an independent investment banking institution of national standing appointed by the Issuer and, for purposes of determining the applicable ratings included in the applicable table in
Section 2.03(b)(i) or 2.03(b)(ii) with respect to such Substitute Rating Agency, such ratings shall be deemed to be the equivalent ratings used by Moody’s or S&P, as applicable, in such table and (z) the interest rate on the Notes
shall increase or decrease, as the case may be, such that the interest rate equals the interest rate payable on the Notes on the Issue Date plus the appropriate percentage points, if any, set forth opposite the rating from such Substitute Rating
Agency in the applicable table in Section 2.03(b)(i) or 2.03(b)(ii) (taking into account the provisions of clause (y) above) (plus any applicable percentage points resulting from a decreased rating by the other Rating Agency). 

(vi) For so long as only one Rating Agency provides a rating of the Notes, any subsequent increase or decrease in the
interest rate of the Notes necessitated by a reduction or increase in the rating by such Rating Agency shall be twice the percentage points set forth in the applicable table above. For so long as no Rating Agency provides a rating of the Notes, the
interest rate on the Notes shall increase to, or remain at, as the case may be, 2.00 percentage points above the interest rate payable on the Notes on the Issue Date. 

(vii) The interest rate on the Notes shall permanently cease to be subject to any adjustment described in this
Section 2.03(b) (notwithstanding any subsequent decrease in the ratings by either or both Rating Agencies) if the Notes become rated A2 and A (or its equivalent, in the case of a Substitute Rating Agency) or higher by Moody’s and S&P,
respectively (or, in either case, any Substitute Rating Agency thereof), or one of these ratings if the Notes are only rated by one Rating Agency. 

  
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 (viii) Any interest rate increase or decrease described in this
Section 2.03(b) shall take effect from the first day of the interest period during which a rating change requires an adjustment in the interest rate. If Moody’s or S&P or any Substitute Rating Agency thereof changes its rating of the
Notes more than once during any particular interest period, the last change by such agency during such period shall control for purposes of any interest rate increase or decrease with respect to the Notes described above relating to such Rating
Agency’s action. 
 (ix) If the interest rate payable on the Notes is increased as described in this
Section 2.03(b), then the term “interest,” as used in this First Supplemental Indenture, the Base Indenture and the Notes, shall be deemed to include any such additional interest unless the context otherwise requires. 

(x) The Issuer shall deliver to the Trustee and Principal Paying Agent, if the Trustee shall not then be acting as
Principal Paying Agent, within five calendar days after either Moody’s or S&P or any Substitute Rating Agency thereof downgrades, or subsequently upgrades, the rating assigned to the Notes as described by this Section 2.03(b), an
Officers’ Certificate stating (i) that the rating downgrade, or subsequent upgrade, as the case may be, has occurred and (ii) the current rating or ratings upon which the interest rate payable on the Notes shall be based. 

(c) With respect to any Registrable Notes, if a Registration Default occurs, such Registrable Notes shall bear additional interest as a
result thereof (at an incremental rate per annum of 0.25%), as liquidated damages and not as a penalty, from the day such Registration Default occurs to, but not including, the first day thereafter that no Registration Default is continuing, all in
accordance with the provisions of the Registration Rights Agreement, payable on each Interest Payment Date commencing on the first Interest Payment Date after the day on which such Registration Default occurs. If Registrable Notes shall bear
additional interest as a result of a Registration Default, as described in this Section 2.03(c), then the term “interest,” as used in this First Supplemental Indenture, the Base Indenture and the Notes, shall be deemed to include any
such additional interest unless the context otherwise requires. 
 Section 2.04 Authorized Denominations 

The Notes of this series are issuable only in registered form without coupons in denominations of U.S.$1,000 and any integral multiple of
U.S.$1,000 in excess thereof. 

  
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 Section 2.05 Listing 
 The Issuer shall use its best reasonable efforts to list the Notes, subject to official notice of issuance, on the Professional Securities Market of the London Stock Exchange and shall from time to time
take such other actions as shall be necessary or advisable to maintain any listing of the Notes in accordance with the terms of this Section 2.05. 
 Section 2.06 Optional Redemption 
 As provided in Section 3.01
hereof, the Issuer shall have the right, at its option to redeem the Notes in whole or in part, at any time or from time to time prior to their Stated Maturity, on at least 30 days’ but not more than 60 days’ notice, at a redemption price
equal to the greater of (1) 100% of the principal amount of such Notes and (2) the sum of the present values of each remaining scheduled payment of principal and interest thereon (exclusive of interest accrued to the date of redemption)
discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in Section 3.01 hereof) plus 40 basis points, plus accrued and unpaid interest on the
principal amount of the Notes to, but excluding, the Redemption Date. 
 Section 2.07 Tax Redemption 

As provided Section 1108 of the Base Indenture (and as shall be modified in Section 3.01 hereof), the Issuer shall have the
right to redeem the Notes upon the occurrence of certain events relating to taxation, as a result of which the Issuer or a Guarantor becomes obligated to pay Additional Amounts on the Notes, in which case the Issuer may redeem the Notes in whole but
not in part at a redemption price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest (including additional interest and Additional Amounts, if any) to, but excluding, the Redemption Date. 

Section 2.08 Repurchase upon Change of Control Repurchase Event 
 Upon the occurrence of a Change of Control Repurchase Event, unless the Issuer has exercised earlier its right to redeem the Notes pursuant to this First Supplemental Indenture, each Holder shall have the
option to require the Issuer to repurchase all or any portion of its Notes (in principal amounts of $1,000 and integral multiples of $1,000 in excess thereof) on the Repurchase Date (as defined in Section 3.01) at a price equal to 101% of the
principal amount thereof, together with accrued and unpaid interest thereon to, but excluding, the date of repurchase (subject to the right of Holders on the relevant Regular Record Date to receive interest due on the relevant Interest Payment
Date). 
 Section 2.09 Ranking 
 The Notes shall be the Issuer’s senior, unsecured indebtedness and rank equally in right of payment with all of its other unsecured and unsubordinated debt obligations from time to time outstanding.

  
 12 

 Section 2.10 Guarantees 
 The Parent Guarantor and the Subsidiary Guarantors shall fully and unconditionally guarantee, on a joint and several basis, the full and punctual payment of the principal, premium, if any, interest,
Additional Amounts and any other amounts payable in respect of the Notes or under the Indenture, when and as the same shall become due and payable by the Issuer in respect of the Notes, whether at the Stated Maturity thereof, by declaration of
acceleration, call for redemption, call for repurchase or otherwise, in accordance with the terms of the Notes and of the Indenture. The full and punctual payment of the principal, premium, if any, interest, Additional Amounts and any other amounts
payable in respect of the Notes, when and as the same shall become due and payable by the Issuer in respect of the Notes, whether at the Stated Maturity thereof, by declaration of acceleration, call for redemption, call for repurchase or otherwise,
in accordance with the terms of the Notes and of the Indenture shall also be guaranteed by any other Guarantor that may guarantee the Notes. 
 The Guarantees shall be senior, unsecured obligations of each Guarantor and rank equally in right of payment with all of such Guarantor’s other unsecured and unsubordinated obligations from time to
time outstanding. 
 Section 2.11 Defeasance 
 The Issuer may elect, at its option at any time but subject to compliance with Article 12 of the Base Indenture, to effect legal defeasance or covenant defeasance with respect to the Notes in whole but
not in part pursuant to Section 1202 or Section 1203 of the Base Indenture (or both). 
 Section 2.12 Waiver of Jersey
Customary Law Rights. 
 Each of the Issuer and each Guarantor irrevocably and unconditionally waives such right as it may
have or claim under Jersey law: 
 (a) whether by virtue of the droit de discussion or otherwise to require that recourse
be had to the assets of any other person before any claim is enforced against it under this First Supplemental Indenture or any Guarantee in respect of the obligations assumed by it under this First Supplemental Indenture or any Guarantee; and

 (b) whether by virtue of the droit de division or otherwise to require that any liability under this First Supplemental
Indenture or any Guarantee be divided or apportioned with any other person or reduced in any manner whatsoever. 

  
 13 

 ARTICLE THREE 
 FORM OF NOTES 
 Section 3.01 Forms
Generally. 
 The Notes shall be in substantially the forms set forth in this Section 3.01, with such appropriate
insertions, omissions, substitutions and other variations as are required or permitted by this First Supplemental Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may
be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers executing such Notes, as evidenced by their execution thereof. 

Upon their original issuance, Notes offered and sold to Qualified Institutional Buyers in accordance with Rule 144A shall be issued in
the form of one or more Global Notes in definitive, fully registered form, without coupons, substantially in the form set forth in this Section 3.01, with such applicable legends as provided herein (each, a “Restricted Global Note”).
Such Restricted Global Notes shall be registered in the name of the Depositary, or its nominee, and deposited with the Trustee, at its Corporate Trust Office, as custodian for the Depositary, duly executed by the Issuer and authenticated by the
Trustee as hereinafter provided. The aggregate amount of any Restricted Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary, as provided in Section 3.03
hereof. 
 Upon their original issuance, Notes offered and sold in reliance on Regulation S shall initially be issued in the
form of one or more Global Notes in definitive, fully registered form, without coupons, substantially in the form set forth in this Section 3.01, with such applicable legends as provided herein (each, a “Regulation S Global Note”).
Such Regulation S Global Notes shall be registered in the name of the Depositary, or its nominee, and deposited with the Trustee, at its Corporate Trustee Office, as custodian for the Depositary, duly executed by the Issuer and authenticated by the
Trustee as herein provided, for credit by the Depositary to the respective accounts of beneficial owners of such Notes (or to such other accounts as they may direct) at Euroclear or Clearstream. After such time as the applicable Restricted Period
shall have terminated, each such Regulation S Global Note shall be referred to herein as an “Unrestricted Global Note.” The aggregate principal amount of any Regulation S Global Note or any Unrestricted Global Note may from time to time be
increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary, as provided in Section 3.03 hereof. 
 For all purposes of this First Supplemental Indenture, the term “Restricted Notes” shall include all Notes issued upon registration or transfer of, in exchange for or in lieu of, Restricted
Notes except as otherwise provided in Section 3.03 hereof. 

  
 14 

 (a) Form of Face of Note. 

[INCLUDE IF NOTE IS A GLOBAL NOTE—THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO, AS
SUPPLEMENTED BY THE FIRST SUPPLEMENTAL INDENTURE HEREINAFTER REFERRED TO, AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE ISSUER, ANY GUARANTOR, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER
AND HOLDER OF THIS NOTE FOR ALL PURPOSES.] 
 [INCLUDE IF NOTE IS A GLOBAL NOTE AND THE DEPOSITARY IS THE DEPOSITORY TRUST
COMPANY—UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”), TO WPP FINANCE 2010 OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED
IN EXCHANGE FOR THIS CERTIFICATE OR ANY PORTION HEREOF IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR REGISTERED NOTES IN
DEFINITIVE REGISTERED FORM IN THE LIMITED CIRCUMSTANCES REFERRED TO IN THE INDENTURE, AS SUPPLEMENTED BY THE FIRST SUPPLEMENTAL INDENTURE, THIS GLOBAL NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR
BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.] 

[INCLUDE IF NOTE IS A RESTRICTED GLOBAL NOTE (UNLESS, PURSUANT TO SECTION 3.03 OF THE FIRST SUPPLEMENTAL INDENTURE, WPP PLC DETERMINES
AND CERTIFIES TO THE TRUSTEE THAT THE LEGEND MAY BE REMOVED IN COMPLIANCE WITH APPLICABLE LAW)—NEITHER THIS NOTE NOR ANY BENEFICIAL INTEREST HEREIN HAS BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). NEITHER THIS GLOBAL NOTE NOR ANY BENEFICIAL INTEREST HEREIN MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) TO WPP PLC OR 

  
 15 

 
ONE OF ITS SUBSIDIARIES, (2) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT PURCHASING FOR ITS
OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER OR BUYERS IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (3) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT,
(4) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR (5) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT (PROVIDED, THAT AS A CONDITION TO REGISTRATION OF TRANSFER OF THIS GLOBAL NOTE
OTHERWISE THAN AS SET FORTH ABOVE, WPP PLC OR THE TRUSTEE MAY REQUIRE DELIVERY OF ANY DOCUMENTS OR OTHER EVIDENCE THAT IT, IN ITS REASONABLE DISCRETION, DEEMS NECESSARY OR APPROPRIATE TO EVIDENCE COMPLIANCE WITH SUCH EXEMPTION), AND, IN EACH CASE,
IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. 
 THIS LEGEND MAY
ONLY BE REMOVED WITH THE CONSENT OF WPP PLC.] 
 [INCLUDE IF NOTE IS A REGULATION S GLOBAL NOTE (UNLESS, PURSUANT TO SECTION
3.03 OF THE FIRST SUPPLEMENTAL INDENTURE, WPP PLC DETERMINES AND CERTIFIES TO THE TRUSTEE THAT THE LEGEND MAY BE REMOVED IN COMPLIANCE WITH APPLICABLE LAW) – NEITHER THIS NOTE NOR ANY BENEFICIAL INTEREST HEREIN HAS BEEN REGISTERED UNDER THE
U.S. SECURITIES ACT OF 1933, AS AMENDED, (THE “SECURITIES ACT”), AND NEITHER MAY BE OFFERED, SOLD OR DELIVERED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON, UNLESS SUCH NOTE OR BENEFICIAL INTEREST IS
REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS THEREOF IS AVAILABLE. 
 THE FOREGOING
SHALL NOT APPLY FOLLOWING THE EXPIRATION OF 40 DAYS FROM THE EARLIER OF (i) THE DATE ON WHICH THE PRIVATE EXCHANGE OFFER (AS DEFINED IN THE FIRST SUPPLEMENTAL INDENTURE) IS TERMINATED AND (ii) THE DATE ON WHICH ORIGINAL NOTES (AS DEFINED
IN THE FIRST SUPPLEMENTAL INDENTURE) ARE ISSUED PURSUANT TO THE PRIVATE EXCHANGE OFFER. 
 WPP FINANCE 2010 

 

					
	 No. .........
	  	U.S.$	......	  

  
 16 

	
	 [If Restricted Note — CUSIP No. 92936MAA5 / ISIN Number: US92936MAA53 / Common Code:
070425203]

	 [If Regulation S Note — CUSIP Number: G70800AA8 / ISIN Number:
USG70800AA88 / Common Code: 070425521]
 [If Registered Note — CUSIP Number:
92936MAB3 / ISIN Number: US92936MAB37 / Common Code: [XXXXXXXXX]]

 WPP Finance 2010 (herein called the “Issuer”, which term includes any Successor Person under
the Base Indenture, as supplemented by the First Supplemental Indenture hereinafter referred to), an unlimited liability company organized and existing under the laws of England and Wales, for value received, hereby promises to pay to
Cede & Co., or its registered assigns, the principal sum of $500,000,000 Dollars, [insert if a Global Note: as such amount may from time to time be revised by the Schedule of Increases and Decreases in the Global Note attached
hereto] (such principal amount[insert if a Global Note: , as it may from time to time be revised by the Schedule of Increases and Decreases in the Global Note attached hereto,] is hereinafter referred to as the “principal”) on
November 21, 2021 or any other Maturity Date. This Note shall bear interest at the rate of 4.75% per annum, subject to adjustments as a result of downgrades (or subsequent upgrades) in the rating assigned to the Notes and subject to
additional interest as a result of any Registration Default (as defined in the First Supplemental Indenture), in each case as described on the reverse hereof, from November 21, 2011 or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, as the case may be. Interest shall be payable semi-annually on May 21 and November 21 (each an “Interest Payment Date”), beginning on May 21, 2012, to the Holders in whose names
this Note is registered at the close of business on the May 6 or November 6, as the case may be, immediately preceding the related Interest Payment Date. Interest shall be calculated on the basis of a 360-day year consisting of twelve
30-day months. 
 Any principal and premium, and any such installment of interest, which is overdue shall bear interest at the
rate of 4.75% per annum, subject to adjustments as a result of downgrades (or subsequent upgrades) in the rating assigned to the Notes and subject to additional interest as a result of any Registration Default (as defined in the First
Supplemental Indenture), in each case as described on the reverse hereof (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment, and such
interest shall be payable on demand. Any interest payable, but not so punctually paid or duly provided for on any Interest Payment Date shall 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 Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of
Notes 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 may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in the Base Indenture, as supplemented by the First Supplemental Indenture. 

  
 17 

 Payment of principal, premium, if any, interest and Additional Amounts, if any, on this Note
shall be made pursuant to the Applicable Procedures of the Depositary as permitted in the Base Indenture, as supplemented by the First Supplemental Indenture, provided, however, that if this Note is not a Global Note, payment may be
made at the office or agency of the Issuer maintained for that purpose in New York, New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, against
surrender of this Note in the case of any payment due at the Maturity of the principal thereof (other than any payment of interest that first becomes payable on a day other than an Interest Payment Date); and payment of interest may be made by check
mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; and provided, further, that at the option of the Issuer payments of any interest on the Notes (other than at Maturity) may be made, in
the case of a registered Holder of at least U.S.$5,000,000 principal amount of Notes, by electronic funds transfer of immediately available funds to a United States dollar account maintained by the payee, provided such registered Holder so elects by
giving written notice to the Trustee or the Principal Paying Agent designating such account, no later than 15 days immediately preceding the relevant date for payment (or such other date as the Trustee may accept in its discretion). Unless such
designation is revoked, any such designation made by such Holder with respect to such Notes shall remain in effect with respect to any future payments with respect to such Notes payable to such Holder. The Issuer shall pay any administrative costs
imposed by banks in connection with making payments by wire transfer. 
 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. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Base
Indenture, as supplemented by the First Supplemental Indenture, or be valid or obligatory for any purpose. 
 IN WITNESS
WHEREOF, the Issuer has caused this instrument to be duly executed by a Director or Authorized Officer. 
  

			
	WPP FINANCE 2010
		
		 	 

 Certificate of Authentication: 
 This is one of the Notes of the series designated therein referred to in the within-mentioned Indenture. 

  
 18 

 Dated:              

 

			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Trustee

		
	By:	 	 
		 	Authorized Signatory

 (b) Form of Reverse of Note. 

This Note is one of a duly authorized issue of securities of the Issuer (herein called the “Notes”), issued and to be issued in
one or more series under an Indenture, dated as of November 21, 2011 (herein called the “Base Indenture”), as supplemented by a First Supplemental Indenture dated as of November 21, 2011 (herein called the “First
Supplemental Indenture”; the Base Indenture, as supplemented by the First Supplemental Indenture, the “Indenture”), each among the Issuer, WPP PLC, a public company limited by shares incorporated under the Companies (Jersey) Law 1991
(the “Parent Guarantor”), WPP AIR 1 LIMITED, a company limited by shares incorporated in Ireland, WPP 2008 LIMITED, a private limited company organized and existing under the laws of England and Wales and WPP 2005 LIMITED, a private
limited company organized and existing under the laws of England and Wales (collectively, the “Subsidiary Guarantors” and, together with the Parent Guarantor, the “Guarantors” which term includes any Successor Person under the
Indenture), Wilmington Trust, National Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), Citibank, N.A., as Security Registrar and Principal Paying Agent, and Citibank,
N.A., London Branch, as a Paying Agent, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Issuer, the Guarantors, the Trustee, the Agents and the
Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof. Capitalized terms used herein but not defined shall have the respective
meanings assigned to them in the Indenture. 
 The interest rate payable on the Notes shall be subject to adjustments from time
to time if either Moody’s or S&P, or in either case, a Substitute Rating Agency thereof, downgrades (or subsequently upgrades) the rating assigned to the Notes, in the manner described below. 

If the rating of the Notes from Moody’s or any Substitute Rating Agency thereof is decreased to a rating set forth in the
immediately following table, the interest rate on the Notes shall increase from the interest rate payable on the Notes on the Issue Date by the percentage points set forth below opposite that rating: 

  
 19 

					
	Moody’s Rating*	  	Percentage Points	 
	 Ba1
	  	 	0.25	  
	 Ba2
	  	 	0.50	  
	 Ba3
	  	 	0.75	  
	 B1 or below
	  	 	1.00	  

	*	Including the equivalent ratings of any Substitute Rating Agency. 

 If the rating of the Notes from S&P or any Substitute Rating Agency thereof is decreased to a rating set forth in the immediately following table, the interest rate on the Notes shall increase from
the interest rate payable on the Notes on the Issue Date by the percentage points set forth below opposite that rating: 
  

					
	S&P Rating*	  	Percentage Points	 
	 BB+
	  	 	0.25	  
	 BB
	  	 	0.50	  
	 BB-
	  	 	0.75	  
	 B+ or below
	  	 	1.00	  

	*	Including the equivalent ratings of any Substitute Rating Agency. 

 If, at any time, the interest rate on the Notes has been adjusted upward and either Moody’s or S&P (or, in either case, a Substitute Rating Agency thereof), as the case may be, subsequently
increases its rating of the Notes to any of the ratings set forth in the tables above, the interest rate on the Notes shall be decreased such that the interest rate for the Notes equals the interest rate payable on the Notes on the Issue Date plus
the applicable percentage points set forth opposite the ratings in the tables above in effect immediately following the ratings increase. If Moody’s or any Substitute Rating Agency thereof subsequently increases its rating of the Notes to Baa3
(or its equivalent, in the case of a Substitute Rating Agency) or higher and S&P or any Substitute Rating Agency thereof increases its rating to BBB- (or its equivalent, in the case of a Substitute Rating Agency) or higher, the interest rate on
the Notes shall be decreased to the interest rate payable on the Notes on the Issue Date. 
 Each adjustment required by any
decrease or increase in a rating set forth above, whether occasioned by the action of Moody’s or S&P (or, in either case, any Substitute Rating Agency thereof), shall be made independent of any and all other adjustments. In no event shall
(i) the interest rate on the Notes be reduced to below the interest rate payable on the Notes on the Issue Date or (ii) the total increase in the interest rate on the Notes exceed 2.00 percentage points above the interest rate payable on
the Notes on the Issue Date. 

  
 20 

 No adjustments in the interest rate of the Notes shall be made solely as a result of a
Rating Agency ceasing to provide a rating of the Notes. If, at any time, less than two Rating Agencies provide a rating of the Notes for any reason beyond the Issuer’s control, the Issuer shall use its commercially reasonable efforts to obtain
a rating of the Notes from a Substitute Rating Agency, to the extent one exists, and if a Substitute Rating Agency exists, for purposes of determining any increase or decrease in the interest rate on the Notes pursuant to the table above
(x) such Substitute Rating Agency shall be substituted for the last Rating Agency to provide a rating of the Notes but which has since ceased to provide such rating, (y) the relative ratings scale used by such Substitute Rating Agency to
assign ratings to senior unsecured debt shall be determined in good faith by an independent investment banking institution of national standing appointed by the Issuer and, for purposes of determining the applicable ratings included in the
applicable table above with respect to such Substitute Rating Agency, such ratings shall be deemed to be the equivalent ratings used by Moody’s or S&P, as applicable, in such table and (z) the interest rate on the Notes shall increase
or decrease, as the case may be, such that the interest rate equals the interest rate payable on the Notes on the Issue Date plus the appropriate percentage points, if any, set forth opposite the rating from such Substitute Rating Agency in the
applicable table above (taking into account the provisions of clause (y) above) (plus any applicable percentage points resulting from a decreased rating by the other Rating Agency). 

For so long as only one Rating Agency provides a rating of the Notes, any subsequent increase or decrease in the interest rate of the
Notes necessitated by a reduction or increase in the rating by such Rating Agency shall be twice the percentage points set forth in the applicable table above. For so long as no Rating Agency provides a rating of the Notes, the interest rate on the
Notes shall increase to, or remain at, as the case may be, 2.00 percentage points above the interest rate payable on the Notes on the Issue Date. 
 The interest rate on the Notes shall permanently cease to be subject to any adjustment described above (notwithstanding any subsequent decrease in the ratings by either or both Rating Agencies) if the
Notes become rated A2 and A (or its equivalent, in the case of a Substitute Rating Agency) or higher by Moody’s and S&P, respectively (or, in either case, any Substitute Rating Agency thereof), or one of these ratings if the Notes are only
rated by one Rating Agency. 
 Any interest rate increase or decrease described herein shall take effect from the first day of
the interest period during which a rating change requires an adjustment in the interest rate. If Moody’s or S&P or any Substitute Rating Agency thereof changes its rating of the Notes more than once during any particular interest period,
the last change by such agency during such period shall control for purposes of any interest rate increase or decrease with respect to the Notes described above relating to such Rating Agency’s action. 

“Rating Agencies” means each of Moody’s and S&P and, if any of Moody’s and S&P ceases to rate the Notes or
fails to make a rating of the Notes publicly available for reasons outside of the control of the Issuer, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act selected by
the Issuer (as certified by a Board Resolution) as a replacement agency for Moody’s or S&P or both of them, as the case may be. 

  
 21 

 “S&P” means Standard & Poor’s Rating Services, a division of The
McGraw-Hill Companies, Inc., or any successor thereto. 
 “Substitute Rating Agency” means a “nationally
recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act selected by the Issuer (pursuant to a Board Resolution) as a replacement agency for Moody’s or S&P, or both of them, as the
case may be. 
 If the interest rate payable on the Notes is increased as described above, then the term “interest,”
as used herein, shall be deemed to include any such additional interest unless the context otherwise requires. 
 The Issuer
shall deliver to the Trustee and the Principal Paying Agent, if the Trustee shall not then be acting as Principal Paying Agent, within five calendar days after either Moody’s or S&P or any Substitute Rating Agency thereof downgrades, or
subsequently upgrades, the rating assigned to the Notes as described above, an Officers’ Certificate stating (i) that the rating downgrade, or subsequent upgrade, as the case may be, has occurred and (ii) the current rating or ratings
upon which the interest rate payable on the Notes shall be based. 
 Upon the occurrence of a Registration Default, the per
annum interest rate borne by this Note shall increase by adding 0.25% thereto, as liquidated damages and not as a penalty, for the period from the first day on which such Registration Default occurs to but not including the first day thereafter
until no Registration Default is continuing, all in accordance with the provisions of the Registration Rights Agreement, and in which case the Issuer shall provide notice to the Trustee of such increase in interest rate, and shall cause the Trustee
to provide appropriate notice thereof to the Holder of this Note. If this Note shall bear additional interest as the result of any Registration Default, then the term “interest,” as used herein, shall be deemed to include any such
additional interest unless the context otherwise requires. 
 Any accrued and unpaid interest (including additional interest as
a result of any Registration Default, if applicable) on this Note upon the issuance of a Registered Note in exchange for this Note shall cease to be payable to the Holder hereof and shall be payable instead on the next Interest Payment Date for such
Registered Note to the Holder thereof on the related Regular Record Date. 
 The Subsidiary Guarantors and the Parent Guarantor
have fully and unconditionally guaranteed the full and punctual payment of the principal, premium, if any, interest, Additional Amounts and any other amounts payable in respect of the Notes, when and as the same shall become due and payable by the
Issuer in respect of the Notes, whether at the stated maturity thereof, by declaration of acceleration, call for redemption, 

  
 22 

 
call for repurchase or otherwise, in accordance with the terms of the Notes and of the Indenture. To the extent set forth in the applicable Board Resolutions or a supplemental indenture, the full
and punctual payment of the principal, premium, if any, interest, Additional Amounts and any other amounts payable in respect of the Notes, when and as the same shall become due and payable by the Issuer in respect of the Notes, whether at the
stated maturity thereof, by declaration of acceleration, call for redemption, call for repurchase or otherwise, in accordance with the terms of the Notes and of the Indenture may also be guaranteed by any other Guarantor that may guarantee the
Notes. 
 The Issuer shall have the right, at its option to redeem the Notes in whole or in part, at any time or from time to
time prior to their Stated Maturity, on at least 30 days’ but no more than 60 days’ notice, at a redemption price equal to the greater of (1) 100% of the principal amount of such Notes and (2) the sum of the present values of
each remaining scheduled payment of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Rate (as defined below) plus 40 basis points, plus accrued and unpaid interest on the principal amount of the Notes to, but excluding, the Redemption Date. 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield to maturity or interpolated maturity (on a day count basis) of the
Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment
Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of a comparable maturity to the remaining term of such Notes. 
 “Independent Investment Banker” means
one of the Reference Treasury Dealers appointed by the Issuer. 
 “Comparable Treasury Price” means, with respect to
any Redemption Date (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotation or (2) if the Issuer obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Reference Treasury Dealer” means
Barclays Capital Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. or their respective affiliates which are primary United States government securities dealers and two other leading
primary United States government securities dealers in New York City reasonably designated by the Issuer; provided, however, that if any of the foregoing shall cease to be a primary United States government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer shall substitute therefor another Primary Treasury Dealer. 

  
 23 

 
“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Issuer, of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Issuer by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding such
Redemption Date. 
 In the event of redemption of this Note in part only, a new Note or Notes and of like tenor for the
unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 
 As provided in the
First Supplemental Indenture, the Issuer shall have the right to redeem the Notes upon the occurrence of certain events relating to taxation, as a result of which the Issuer or a Guarantor becomes obligated to pay Additional Amounts on the Notes, in
which case the Issuer may redeem the Notes in whole but not in part at a redemption price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest (including additional interest and Additional Amounts, if any) to, but
excluding, the Redemption Date. 
 On and after the Redemption Date, interest will cease to accrue on the Notes or any portion
of the Notes called for redemption (unless the Issuer defaults in the payment of the redemption price and accrued and unpaid interest). On or before the Redemption Date, the Issuer shall deposit with the Trustee or the Principal Paying Agent, as
applicable, money sufficient to pay the redemption price of and (unless the Redemption Date shall be an Interest Payment Date) accrued and unpaid interest to, but excluding, the Redemption Date on the Notes to be redeemed on such date. If less than
all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by the Trustee, Security Registrar or the Principal Paying Agent, as applicable, by such method as the Trustee, Security Registrar or the Principal Paying Agent, as
applicable, shall deem fair and appropriate. 
 Upon the occurrence of a Change of Control Repurchase Event, unless the Issuer
has exercised its right to redeem the Notes pursuant to the First Supplemental Indenture, each Holder shall have the option to require the Issuer to repurchase all or any portion of its Notes (in principal amounts of $1,000 and integral multiples of
$1,000 in excess thereof) on the Repurchase Date (as defined in Section 3.01) at a price equal to 101% of the principal amount thereof, together with accrued and unpaid interest thereon to, but excluding, the date of repurchase (subject to the
right of Holders on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date). 

  
 24 

 Promptly upon the Issuer becoming aware that a Change of Control Repurchase Event has
occurred, the Issuer shall, and at any time upon the Trustee becoming similarly so aware, the Trustee may, and if so requested by Holders of at least 25% of the aggregate principal amount of the Notes then outstanding, shall (subject in each case to
the Trustee being indemnified and/or secured to its satisfaction), give notice (the “Change of Control Repurchase Event Notice”) to the Holders specifying the nature of the Change of Control Repurchase Event and the procedure for
exercising the Holders’ repurchase option. If not previously sent, the Change of Control Repurchase Event Notice must be sent to the Holders, the Trustee, the Security Registrar and the Principal Paying Agent no later than 30 days after the
occurrence of the Change of Control Repurchase Event. 
 To exercise the option to require the repurchase of a Note following
the occurrence of a Change of Control Repurchase Event the Holder of the Note shall deliver such Note, on any Business Day during the period (the “Repurchase Period”) beginning on the date the Change of Control Repurchase Event Notice is
given and ending 45 days thereafter, at the specified office of the Trustee, accompanied by a duly signed and completed notice of exercise (a “Change of Control Repurchase Notice”) in the form (for the time being current) which shall be
provided with the Change of Control Repurchase Event Notice. A Change of Control Repurchase Notice, once given, shall be irrevocable unless the Issuer elects to permit revocations. All Notes submitted for repurchase shall be purchased by the Issuer
on the date that is 3 Business Days after the expiration of the Repurchase Period (the “Repurchase Date”). 
 On the
Repurchase Date, the Issuer shall: 
 (i) accept for payment all Notes or portions of Notes (in principal amounts
of $1,000 and integral multiples of $1,000 in excess thereof) properly tendered pursuant to the repurchase option; 
 (ii) deposit with the Trustee or Principal Paying Agent, as applicable, an amount equal to the aggregate repurchase price in respect of all Notes or portions of Notes properly tendered; and 

(iii) deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an officers’
certificate stating the aggregate principal amount of Notes being purchased by the Issuer. 
 The Trustee or Principal Paying
Agent, as applicable, shall promptly mail to each Holder properly tendered the repurchase price for the Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in
principal amount to any unpurchased portion of any Notes surrendered; provided, that each new Note shall be in a principal amount of $1,000 and integral multiples of $1,000 in excess thereof. 

The Issuer 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

  
 25 

 
laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the Issuer shall comply with the applicable securities laws and regulations and shall not be
deemed to have breached the Issuer’s obligations under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict. 
 The Issuer 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 Issuer, and such third party purchases all Notes properly tendered and not withdrawn under its offer. 
 The Trustee and the Principal Paying Agent are under no obligation to ascertain whether a Change of Control Repurchase Event or Change of Control or any event which could lead to the occurrence of or
could constitute a Change of Control Repurchase Event or Change of Control has occurred and, until it shall have actual knowledge or notice pursuant to the Indenture to the contrary, the Trustee and the Principal Paying Agent may assume that no
Change of Control Repurchase Event or Change of Control or other such event has occurred. 
 If an Event of Default with respect
to Notes shall occur and be continuing, the aggregate principal amount of the Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of the series of which this Note is a part 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. 
 In any case where the due date for the payment of the principal amount of, or any premium or interest with respect to, any Note or the date fixed for redemption of any Note shall not be a Business Day at
a Place of Payment, then payment of the principal amount, premium, if any, or interest, need not be made on such date at such Place of Payment, with the same force and effect as if made on the date for such payment or the date fixed for redemption,
and no interest shall accrue for the period after such date. 
 All payments pursuant to the Notes and the Guarantees shall be
made without withholding or deduction for, or on account of, any present or future taxes, duties, levies, assessments or governmental charges of whatever nature (“taxes”) imposed or levied by or on behalf of (i) the jurisdiction (or
any political subdivision or taxing authority thereof or therein) in which the Issuer or the Subsidiary Guarantors or any Parent Guarantor is incorporated or resident (or deemed for tax purposes to be resident), (ii) the jurisdiction (or any
political subdivision or taxing authority thereof or therein) in which the Issuer or the Subsidiary Guarantors or any Parent Guarantor makes payment on the Notes or the Guarantees or (iii) the United States or any political subdivision or
taxing authority thereof or therein (each, an “Applicable Taxing Jurisdiction”), unless such taxes are required by the Applicable Taxing Jurisdiction to be withheld or deducted. In that event,

  
 26 

 
the Issuer or the Subsidiary Guarantors or any Parent Guarantor shall pay by way of additional interest on the Notes such additional amounts of, or in respect of, principal, premium, if any, and
interest (“Additional Amounts”) as will result (after deduction of such taxes and any additional taxes payable in respect of such Additional Amounts) in the payment to each Holder of such Notes of the amounts which would have been payable
in respect of such Note or Guarantee had no such withholding or deduction been required, except that no Additional Amounts shall be so payable for or on account of: 

(i) any taxes that would not have been imposed but for the fact that such Holder: 

(a) was a resident, domiciliary or national of, or engaged in business or maintained a permanent establishment or was
physically present in, the Applicable Taxing Jurisdiction or otherwise had some connection with the Applicable Taxing Jurisdiction other than the mere ownership of, or receipt of payment under, such Note or Guarantee; 

(b) presented (if presentation is required) such Note or Guarantee for payment in the Applicable Taxing Jurisdiction,
unless such Note or Guarantee could not have been presented for payment in another member state of the European Union; or 
 (c) presented (if presentation is required) such Note or Guarantee, as the case may be, more than thirty (30) days after the date on which the payment in respect of such Note first became due and
payable or provided for, whichever is later, except to the extent that the Holder would have been entitled to such Additional Amounts if it had presented such Note or Guarantee for payment on any day within such period of thirty (30) days;

 (ii) any estate, inheritance, gift, sale, transfer, personal property or similar taxes; 

(iii) any taxes that are payable otherwise than by withholding or deduction from payments of, or in respect of, principal
of, premium, if any, or interest on the Notes or Guarantee, as the case may be; 
 (iv) any taxes that are
imposed or withheld by reason of the failure to comply by the Holder or the beneficial owner of a Note with a request of the Issuer or any Guarantor addressed to the Holder and received by such Holder at least thirty (30) days prior to the
first payment date with respect to which such information is required (a) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (b) to make any declaration or other similar claim
or satisfy any information or reporting requirement, which, in the case of (a) or (b), is required or imposed by a statute, treaty, regulation or administrative practice of the Applicable Taxing Jurisdiction as a precondition to exemption from
all or part of such tax, assessment or other governmental charge; 

  
 27 

 (v) any tax imposed on a payment to an individual and required to be made
pursuant to the European Council Directive 2003/48/EC on the taxation of savings income or any law implementing or complying with, or introduced to conform to, such Directive; 

(vi) any taxes payable by or on behalf of a Holder who would have been able to avoid such withholding or deduction by
presenting the relevant Note or Guarantee to another Paying Agent in a member state of the European Union; or 

(vii) any combination of items (i), (ii), (iii), (iv), (v) and (vi); 

nor shall Additional Amounts be paid with respect to any payment of the principal of, premium, if any, or interest on any such Note or Guarantee to any
Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the laws of the Applicable Taxing Jurisdiction to be included in the income for tax purposes of a
beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to such Additional Amounts had it been the Holder of the Note. 

All references herein, in the Indenture, and in one or more supplemental indentures thereto, the Notes and the Guarantees to principal,
premium, if any, interest or any other amount payable in respect of any Note shall be deemed to include all Additional Amounts, if any, payable in respect of such principal, premium, interest or other amount payable, unless the context otherwise
requires, and express mention of the payment of Additional Amounts in any provision hereof shall not be construed as excluding reference to Additional Amounts in those provisions hereof where such express mention is not made. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and
obligations of the Issuer and the Guarantors, on the one hand, and the rights of the Holders of the Notes of each series, on the other hand, to be affected under the Indenture at any time by the Issuer, the Guarantors and the Trustee with the
consent of the Holders of a majority in aggregate 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 aggregate 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, on behalf of the Holders of all Notes of such series, compliance by the Issuer or the Guarantors, or all or any of them, 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. 

  
 28 

 Each Holder hereby consents to any Guarantor (or any additional or successor Guarantor)
applying to a court of competent jurisdiction for an order sanctioning a reduction in any of its share capital accounts including, without limitation, by re-characterizing any sum standing to the credit of a share premium account as a distributable
reserve (a “Reduction of Capital”). Each Holder hereby authorizes and requests the Trustee, on behalf of the Holder, to sign any necessary form of consent that any Guarantor (or any additional or successor Guarantor) may reasonably request
in connection with a Reduction of Capital. 
 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, the Holders of not less than 25% in aggregate principal amount of the Notes 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 reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in aggregate principal amount of Notes at the time Outstanding a direction
inconsistent with such request, and the Trustee 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 Issuer, 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 is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office or agency of the Issuer in any
place where the principal of and any premium and interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Issuer, the Guarantors and the Security Registrar duly executed by,
the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes and of like tenor, of authorized denominations and for the same aggregate principal amount, shall be issued to the designated transferee or
transferees. 
 The Notes are issuable only in registered form without coupons in denominations of U.S.$1,000 and any integral
multiple of U.S.$1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same. 

  
 29 

 No service charge shall be made for any such registration of transfer or exchange, but the
Issuer or the Trustee 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 Issuer, the Guarantors, the Trustee and any agent of the Issuer, the Guarantors 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 Issuer, the Guarantors, the Trustee nor any such agent shall be affected by notice to the contrary. 

This Note is a Global Note and is subject to the provisions of the Indenture relating to Global Notes, including the limitations in
Section 305 of the Base Indenture on transfers and exchanges of Global Notes. 
 This Note, the Guarantees and the
Indenture shall be governed by, and construed in accordance with, the laws of the State of New York. 
 All terms used in this
Note and the Guarantees set forth below which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
  

 
 ABBREVIATIONS

 The following abbreviations, when used in the inscription of the face of this Note, shall be construed as though they were
written out in full according to applicable laws or regulations: 
  

			
	 TEN COM — as tenants in common
	    	UNIF GIFT MIN
ACT—                                       
                           
	 TEN ENT—as tenants by the entireties
	    	(Cust)                          
              
		
		    	Custodian _____________ under Uniform
		
	 JT TEN—as joint tenants with right of survivorship and not as tenants in common
	    	
(Minor)                      
          
 Gifts to Minors Act ______________

                         
               (State)

	
	 Additional abbreviations may also be used

though not in the above list.

  
 30 

 [IF NOTE IS A GLOBAL NOTE, INSERT AS A SEPARATE PAGE— 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The following increases or decreases in this Global Note have been made: 
  

									
	 Date of Transfer or 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 of
Trustee or Note
Custodian
					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

  
 31 

 FORM OF TRANSFER CERTIFICATE 

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

————————————————————————
 
 (Print or type assignee’s name, address and zip code) 

—————————————————————

 (Insert assignee’s soc. sec. or tax I.D. No.) 
 and irrevocably appoint                     agent to transfer this 

Note on the books of the Guarantors. The agent may 
 substitute another to act for him. 

Date:                
                                         
                               Your
Signature:                                       
              
 Signature Guarantee:
                                         
                                         
                                         
                  
 (Signature must be
guaranteed) 

—————————————————————————————————————————
 
 Sign exactly as your name appears on the other side of this Note. 
 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee
medallion program), pursuant to S.E.C. Rule 17Ad-15. 

——————————————————— 

Signature 
 Signature Guarantee:

–––––––––––––––––––––––––––––––––                 ————————————————––
 
 (Signature must be guaranteed)
                                Signature 

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with
membership in an approved signature guarantee medallion program), pursuant to S.E.C. Rule 17Ad-15. 

  
 32 

 Section 3.02 Form of Trustee’s Certificate of Authentication 

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

Certificate of Authentication: 

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

Dated:
                         

 

			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,
 as Trustee

		
	By:	 	 
		 	Authorized Signatory

 Section 3.03 Transfers and Exchanges 

(a) Restricted Notes. Restricted Notes shall be subject to the restrictions on transfer (the “Transfer Restrictions”)
provided in the applicable legend(s) (the “Restrictive Legends”) required to be set forth on the face of each Restricted Note pursuant to Section 3.01, unless compliance with the Transfer Restrictions shall no longer be legally
required and the Transfer Restrictions shall be waived by WPP plc in writing delivered to the Trustee. 
 The Transfer
Restrictions shall cease and terminate with respect to any particular Restricted Note upon receipt by WPP plc of evidence satisfactory to it (which may include an opinion of independent counsel experienced in matters of U.S. federal securities law)
that, as of the date of determination, such Restricted Note (a) has been transferred by the Holder thereof pursuant to Rule 144, (b) has been sold pursuant to an effective registration statement under the Securities Act, or (c) has
been transferred in a transaction satisfying all the requirements of Rule 903 or Rule 904 (as applicable) of Regulation S, and receipt by the Trustee of an Officers’ Certificate certifying that WPP plc has received such evidence which may
include an opinion of counsel stating that the Transfer Restrictions have ceased and terminated with respect to such Note. All references in the preceding sentence to any regulation, rule or provision thereof shall be deemed also to refer to any
successor provisions thereof. In addition, WPP plc may terminate the Transfer Restrictions, subject to applicable law, with respect to any particular Restricted Note in such other circumstances as it determines are appropriate for this purpose and
shall deliver to the Trustee an opinion of counsel, if any, and Officers’ Certificate certifying that the Transfer Restrictions have ceased and terminated with respect to such Note. 

  
 33 

 At the request of the Holder and upon the surrender of such Restricted Notes to the Trustee
or Security Registrar for exchange in accordance with the provisions of this Section 3.03, any Restricted Note as to which the Transfer Restrictions shall have terminated in accordance with the preceding paragraph shall be exchanged for a new
Note of like aggregate principal amount, but without the Restrictive Legends. Any Restricted Note as to which the Restrictive Legends shall have been removed pursuant to this paragraph (and any Note issued upon registration of transfer of, exchange
for or in lieu of such Restricted Note) shall thereupon cease to be a “Restricted Note” for all purposes of this First Supplemental Indenture. 
 WPP plc shall notify the Trustee in writing of the effective date of any registration statement registering any Restricted Notes under the Securities Act and shall ensure that any opinion of counsel
received by it in connection with the removal of any Restrictive Legend is also addressed to the Trustee. The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and without negligence on its part in
accordance with such notice or any opinion of counsel. 
 As used in this Section 3.03(a), the term “transfer”
encompasses any sale, pledge, transfer or other disposition of any Notes referred to herein. 
 (b) Transfers Between Global
Notes. 
 (i) Restricted Global Note to Regulation S Global Note. If the owner of a beneficial
interest (an “Owner Transferor”) in a Restricted Global Note wishes at any time to transfer such beneficial interest to a Person (an “Owner Transferee”) who wishes to take delivery thereof in the form of a beneficial interest in
a Regulation S Global Note, such transfer may be effected, subject to the Applicable Procedures, only in accordance with the provisions of this Section 3.03(b)(i). Upon receipt by the Security Registrar of (l) written instructions given in
accordance with the Applicable Procedures from the Agent Member, whose account is to be debited (an “Agent Member Transferor”) with respect to the Restricted Global Note, directing the Security Registrar to credit or cause to be credited
to a specified account of another Agent Member (an “Agent Member Transferee”) (which shall be an account of Euroclear or Clearstream or both) a beneficial interest in a Regulation S Global Note in a principal amount equal to the beneficial
interest in the Restricted Global Note to be so transferred (the “Restricted Global Transferred Amount”), (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent
Member Transferee to be credited with, and the Agent Member Transferor to be debited by, the Restricted Global Transferred Amount, and (3) a certificate in substantially the form set forth in Annex A hereto given by the Owner Transferor, the
Security Registrar shall instruct the Depositary to reduce the principal amount of the Restricted Global Note, and to increase the principal amount of the Regulation S Global Note, by the Restricted Global Transferred Amount, and to credit, or cause
to be credited to, the account of the Agent Member Transferee a beneficial interest in the Regulation S Global Note, and to debit, or cause to be debited to, the account of the Agent Member Transferor a beneficial interest in the Restricted Global
Note, in each case having a principal amount equal to the Restricted Global Transferred Amount. 

  
 34 

 (ii) Restricted Global Note to Unrestricted Global Note. If an Owner
Transferor wishes at any time to transfer a beneficial interest in a Restricted Global Note to an Owner Transferee who wishes to take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, such transfer may be
effected, subject to the Applicable Procedures, only in accordance with this Section 3.03(b)(ii). Upon receipt by the Security Registrar of (l) written instructions given in accordance with the Applicable Procedures from the Agent Member
Transferor directing the Security Registrar to credit or cause to be credited to a specified account of an Agent Member Transferee (which may but need not be an account of Euroclear or Clearstream) a beneficial interest in the Unrestricted Global
Note in a principal amount equal to the Restricted Global Transferred Amount, (2) a written order given in accordance with the Applicable Procedures containing information regarding the account of the Agent Member Transferee to be credited
with, and the account of the Agent Member Transferor to be debited for, the Restricted Global Transferred Amount, and (3) a certificate in substantially the form set forth in Annex B hereto given by the Owner Transferor, the Security Registrar
shall instruct the Depositary to reduce the principal amount of the Restricted Global Note, and to increase the principal amount of the Unrestricted Global Note, by the Restricted Global Transferred Amount, and to credit, or cause to be credited to,
the account of the Agent Member Transferee a beneficial interest in the Unrestricted Global Note, and to debit, or cause to be debited to, the account of the Agent Member Transferor a beneficial interest in the Restricted Global Note, in each case
having a principal amount equal to the Restricted Global Transferred Amount. 
 (iii) Regulation S Global Note
or Unrestricted Global Note to Restricted Global Note. If an Owner Transferor wishes at any time to transfer a beneficial interest in a Regulation S Global Note or an Unrestricted Global Note to an Owner Transferee who wishes to take delivery
thereof in the form of a beneficial interest in a Restricted Global Note, such transfer may be effected, subject to the Applicable Procedures, only in accordance with this Section 3.03(b)(iii). Upon receipt by the Security Registrar of
(1) written instructions given in accordance with the Applicable Procedures from the Agent Member Transferor, directing the Security Registrar to credit, or cause to be credited to, a specified account of an Agent Member Transferee a beneficial
interest in the Restricted Global Note in a principal amount equal to that of the beneficial interest in the Regulation S Global Note or Unrestricted Global Note to be so transferred, (2) a written order given in accordance with the Applicable
Procedures containing information regarding the account of the Agent Member Transferee to be credited with, and the account of the Agent Member Transferor 

  
 35 

 
(which, in the case of a beneficial interest in the Regulation S Global Note, must be an account of Euroclear or Clearstream or both) to be debited for, such beneficial interest, and
(3) with respect to a transfer of a beneficial interest in the Regulation S Global Note (but not the Unrestricted Global Note), a certificate in substantially the form set forth in Annex C hereto given by the Owner Transferor, the Security
Registrar shall instruct the Depositary to reduce the principal amount of the Regulation S Global Note or Unrestricted Global Note, as the case may be, and increase the principal amount of the Restricted Global Note, by the principal amount of the
beneficial interest in the Regulation S Global Note or Unrestricted Global Note to be so transferred, and to credit, or cause to be credited to, the account of the Agent Member Transferee such beneficial interest in the Restricted Global Note, and
to debit, or cause to be debited to, the account of the Agent Member Transferor such beneficial interest in the Regulation S Global Note or Unrestricted Global Note, as the case may be. 

(c) In case of any transfer or exchange the procedures and requirements for which are not addressed in detail in this Section 3.03,
such transfer or exchange shall be subject to such procedures and requirements as may be reasonably prescribed by WPP plc and the Trustee from time to time and, in the case of a transfer or exchange invoking a Global Note, the Applicable Procedures.

 (d) Notwithstanding the foregoing, during the period of one year after the earlier of (a) the day on which the Private
Exchange Offer is terminated and (b) the day on which Original Notes are issued pursuant to the Private Exchange Offer, WPP plc shall not, and shall not permit any of its Affiliates that are Subsidiaries to, purchase or agree to purchase or
otherwise acquire any Restricted Notes, whether as beneficial owner or otherwise (except as agent on behalf of and for the account of customers in the ordinary course of business as a securities broker in unsolicited broker’s transactions)
unless, immediately upon any such purchase, WPP plc or any such Affiliate shall submit such Restricted Notes to the Trustee for cancellation. WPP plc further agrees to ask its Affiliates that are not Subsidiaries to agree not to purchase or
otherwise acquire any Restricted Notes, whether as beneficial owner or otherwise, except as permitted in the preceding sentence. 
 (e) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this First Supplemental Indenture or under applicable law
with respect to any transfer of any interest in any Note (including any transfers between or among Agent Members or beneficial owners of interests in any Global Note) other than to require delivery of such certificates and other documentation or
evidence as are expressly required by, and to do so if and when expressly required by the terms of, this First Supplemental Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof.

  
 36 

 ARTICLE FOUR 
 MISCELLANEOUS PROVISIONS 
 Section 4.01 Separability of Invalid
Provisions 
 In case any one or more of the provisions contained in this First Supplemental Indenture should be invalid,
illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions contained in this First Supplemental Indenture, and to the extent and only to the extent that any such provision is
invalid, illegal or unenforceable, this First Supplemental Indenture shall be construed as if such provision had never been contained herein. 

Section 4.02 Execution in Counterparts 
 This First Supplemental Indenture may be simultaneously executed and delivered in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original, and such
counterparts shall together constitute but one and the same instrument. To the greatest extent permitted by applicable law, the exchange of copies of this First Supplemental Indenture and of signature pages by facsimile or PDF transmission
shall constitute effective execution and delivery of this First Supplemental Indenture as to the parties hereto and may be used in lieu of the original First Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by
facsimile or PDF shall be deemed to be their original signatures for all purposes. 
 Section 4.03 Certain Matters 

The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental
Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Issuer and the Guarantors. 

Section 4.04 Conflict with Trust Indenture Act. 
 If any provision hereof limits, qualifies or conflicts with a provision of the Trust Indenture Act that is required under such Act to be a part of and govern the Indenture, as supplemented by this First
Supplemental Indenture, once the Indenture, as supplemented by this First Supplemental Indenture, is qualified under the Trust Indenture Act, the latter provision shall control. If any provision of the Indenture, as supplemented by this First
Supplemental Indenture, modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision shall be deemed to apply to the Indenture, as supplemented by this First Supplemental Indenture, as so
modified or to be excluded, as the case may be. 

  
 37 

 Section 4.05 Effect of Headings and Table of Contents. 

The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof.

 Section 4.06 Successors and Assigns. 
 All covenants and agreements in this First Supplemental Indenture by the Issuer and the Guarantors shall bind their successors and assigns, whether so expressed or not. 

Section 4.07 Benefits of Indenture. 
 Nothing in the Indenture, as supplemented by this First Supplemental Indenture, or in the Notes, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder
and the Holders of Notes, any benefit or any legal or equitable right, remedy or claim under the Indenture, as supplemented by this First Supplemental Indenture. 
 Section 4.08 Governing Law. 
 THIS FIRST SUPPLEMENTAL INDENTURE, THE
NOTES AND THE GUARANTEES (AND ANY NON-CONTRACTUAL OBLIGATIONS OUT OF OR RELATED THERETO) THEREOF SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA. 

Section 4.09 Submission to Jurisdiction; Appointment of Agent for Service of Process. 

The Issuer, the Guarantors, the Trustee and the Agents agree that any legal suit, action or proceeding arising out of
or relating to this First Supplemental Indenture, and each of the Issuer and the Guarantors agrees that any legal suit, action or proceeding arising out of or relating to the Notes and the Guarantees, may be instituted in any U.S. federal or New
York state court in the Borough of Manhattan, The City of New York, and each waives any objection which it may now or hereafter have to the laying of the venue of any such legal suit, action or proceeding, waives any immunity from jurisdiction or to
service of process in respect of any such suit, action or proceeding, waives any right to which it may be entitled on account of place of residence or domicile and irrevocably submits to the non-exclusive jurisdiction of any such court in any such
suit, action or proceeding. Each of the Issuer and the Guarantors hereby appoints CT Corporation System, 111 Eighth Avenue, 13th Floor, New York, New York 10011, as its authorized agent (the “Authorized Agent”) upon which process may be
served in any legal action or proceeding against it with respect to its obligations under this First Supplemental Indenture, the Notes or the Guarantees, as the case may be, instituted in any federal or state court in the Borough of Manhattan, The
City of New York by the Trustee or by the Holder of any Note. Each of the Issuer and the Guarantors reserves the right to appoint another person located or with an office in the Borough of Manhattan, The City of New York, selected in their
discretion, as a successor Authorized Agent, and upon acceptance of such appointment by such a successor and notice to the Trustee and the Holders the 

  
 38 

 
appointment of the prior Authorized Agent shall terminate. If for any reason the designee, appointee and agent hereunder ceases to be able to act as the Authorized Agent or to have an address in
the Borough of Manhattan, The City of New York, the Issuer and the Guarantors shall appoint a successor Authorized Agent in accordance with the preceding sentence. Each of the Issuer and the Guarantors further agrees to take any and all action,
including the filing of any and all documents and instruments, as may be necessary to continue such designation and appointment of such agent in full force and effect until this First Supplemental Indenture has been satisfied and discharged in
accordance with Article Four or Article Thirteen of the Indenture. Service of process upon the Authorized Agent addressed to it at the address set forth above, as such address may be changed within the Borough of Manhattan, The City of New York by
notice given by the Authorized Agent to the Trustee, together with written notice of such service mailed or delivered to the Issuer or the Guarantors shall be deemed, in every respect, effective service of process on the Issuer or the Guarantors, as
the case may be. Notwithstanding the foregoing, any action arising out of or relating to this First Supplemental Indenture may be instituted in any court of competent jurisdiction in England. Each of the Issuer, the Guarantors, the Trustee and the
Agents hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this First Supplemental Indenture, the Notes, the Guarantees and the
transactions contemplated hereby. 
 Section 4.10 Priority of First Supplemental Indenture. 

In the event any conflict arises between the terms of the Indenture and the terms of this First Supplemental Indenture, the terms of this
First Supplemental Indenture shall be controlling and supersede such conflicting terms of the Indenture. Unless otherwise specifically modified or amended hereby, the terms of the Indenture shall remain in full force and effect with respect to the
Notes. 
 Section 4.11 Not Responsible for Recitals or Issuance of Securities. 

The recitals contained herein and in the Notes, except the Trustee’s certificates of authentication, shall be taken as the statements
of the Issuer and the Guarantors, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this First Supplemental Indenture or of the Notes. The Trustee shall not be
accountable for the use or application by the Issuer or the Guarantors of the Notes or the proceeds thereof. 
 Section 4.12 Liquidated
Damages Notice. 
 In the event that the Issuer is required to pay liquidated damages to holders of Notes as the result of a
Registration Default pursuant to the Registration Rights Agreement, the Issuer will provide written notice (the “Liquidated Damages Notice”) to the Trustee of its obligation to pay such liquidated damages no later than 15 days prior to the
proposed payment date for such liquidated damages, and the Liquidated Damages Notice shall set forth the amount of liquidated damages to be paid by the Issuer on such 

  
 39 

 
payment date. The Trustee shall not at any time be under any duty or responsibility to any Holder of Notes to determine the liquidated damages, or with respect to the nature, extent, or
calculation of the amount of liquidated damages owed, or with respect to the method employed in such calculation of the liquidated damages. 

Section 4.13 U.S.A. Patriot Act. 
 The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and
money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the
Trustee with such information as it may reasonably request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

  
 40 

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

	
	ISSUER:
	
	WPP FINANCE 2010 acting by Paul
	Delaney, a director
	
	/s/ Paul Delaney
	Director
	
	In the presence of:
	
	/s/ Katherine Barltrop
	Witness’s signature
	Name: Katherine Barltrop
	Occupation: Legal Adviser
	 Address: Flat 2, 64 The Chase, London,
 SWH 0NH

  
 [WPP Finance
2010 First Supplemental Indenture] 

 
			
	PARENT GUARANTOR:
	
	WPP PLC
		
	By:	 	/s/ Paul Delaney
	Name:	 	Paul Delaney
	Title:	 	Authorised Person, Pursuant to Written Resolutions of the Finance Committee Dated September 18, 2011

  
 [WPP Finance
2010 First Supplemental Indenture] 

 
	
	 GUARANTOR:
  

	SIGNED AND DELIVERED as a DEED
	for and on behalf of
	WPP AIR 1 LIMITED,
	as Subsidiary Guarantor
	by its lawfully appointed attorney pursuant to a Power of Attorney dated September 7, 2011
	
	Paul Delaney
	
	In the presence of
	
	/s/ Paul Delaney
	Signature of Attorney
	
	/s/ Katherine Barltrop
	Signature of Witness
	
	Legal Adviser
	Occupation of Witness
	
	Flat 2, 64 The Chase, London, SWH 0NH
	Address of Witness

  
 [WPP Finance
2010 First Supplemental Indenture] 

 
	
	 GUARANTOR:
  

	WPP 2008 Limited acting by Paul
	Delaney, a director
	
	
	/s/ Paul Delaney
	Director
	
	In the presence of:
	
	/s/ Katherine Barltrop
	Witness’s signature
	Name: Katherine Barltrop
	Occupation: Legal Adviser
	Address: Flat 2, 64 The Chase, London, SWH 0NH

  
 [WPP Finance
2010 First Supplemental Indenture] 

 
	
	 GUARANTOR:
  

	WPP 2005 Limited acting by Paul
	Delaney, a director
	
	
	/s/ Paul Delaney
	Director
	
	In the presence of:
	
	/s/ Katherine Barltrop
	Witness’s signature
	Name: Katherine Barltrop
	Occupation: Legal Adviser
	Address: Flat 2, 64 The Chase, London, SWH 0NH

  
 [WPP Finance
2010 First Supplemental Indenture] 

 
			
	 TRUSTEE:

 

	WILMINGTON TRUST, NATIONAL
	ASSOCIATION,
	as Trustee
		
	By:	 	/s/ Michael G. Oller, Jr.
	Name:	 	Michael G. Oller, Jr.
	Title:	 	Assistant Vice President

  
 [WPP Finance
2010 First Supplemental Indenture] 

 
			
	SECURITY REGISTRAR AND
	PAYING AGENT:
	
	CITIBANK, N.A.,
	as Security Registrar and Principal Paying
	Agent
		
	By:	 	/s/ Wafaa Orfy
	Name:	 	Wafaa Orfy
	Title:	 	Vice President

  
 [WPP Finance
2010 First Supplemental Indenture] 

 
			
	PAYING AGENT:
	
	CITIBANK, N.A., LONDON BRANCH,
	as Paying Agent
		
	By:	 	/s/ Peter Larsen
	Name:	 	Peter Larsen
	Title:	 	Vice President

  
 [WPP Finance
2010 First Supplemental Indenture] 

 ANNEX A 
 FORM OF TRANSFER CERTIFICATE 
 FOR TRANSFER FROM RESTRICTED GLOBAL

 NOTE TO REGULATION S GLOBAL NOTE 
 (Transfers pursuant to § 3.03(b)(i) 
 of the First Supplemental
Indenture) 
 Citibank, N.A., 
 as Security Registrar 
  

	 	Re:	4.75% Senior Notes due 2021 of  

 WPP Finance 2010 (the “Notes”) 
 Reference is hereby made to the
First Supplemental Indenture, dated as of November 21, 2011 (the “First Supplemental Indenture), among WPP Finance 2010, as Issuer (the “Issuer”), WPP plc, WPP Air 1 Limited, WPP 2008 Limited and WPP 2005 Limited
(collectively, the “Guarantors”), Wilmington Trust, National Association, as Trustee (the “Trustee”), Citibank, N.A., as Security Registrar and Principal Paying Agent, and Citibank, N.A., London Branch, as a Paying
Agent, to the Indenture dated as of November 21, 2011 among the Issuer, the Guarantors, the Trustee, the Security Registrar and Principal Paying Agent and the Paying Agent. Capitalized terms used but not defined herein shall have the meanings
given to them in the First Supplemental Indenture. 
 This letter relates to
U.S.$                 principal amount of Notes which are evidenced by one or more Restricted Global Notes (CUSIP No. 92936MAA5) and held with the Depositary
in the name of [INSERT NAME OF TRANSFEROR] (the “Transferor”). The Transferor has requested a transfer of such beneficial interest in the Notes to a person who shall take delivery thereof in the form of an equal principal
amount of Notes evidenced by one or more Regulation S Global Notes (CUSIP No. G70800AA8), which amount, immediately after such transfer, is to be held with the Depositary through Euroclear or Clearstream or both (Common Code 070425521; ISIN No.
USG70800AA88). 
 In connection with such request and in respect of such Notes, the Transferor does hereby certify that such
transfer has been effected pursuant to and in accordance with either (i) Rule 903 or Rule 904 (as applicable) under the Securities Act, or (ii) Rule 144, and accordingly the Transferor does hereby further certify that: 

(i) If the transfer is being effected pursuant to Rule 903 and Rule 904: 

 

	 	(1)	the offer of the Notes was not made to a person in the United States; 

  

	 	(2)	either: 

 (A) at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed that the transferee was outside the United States, or 

(B) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither
the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States; 

  
 A-1

	 	(3)	no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulations S, as applicable; 

 

	 	(4)	the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and 

 

	 	(5)	upon completion of the transaction, the beneficial interest being transferred as described above is to be held with the Depositary through Euroclear or Clearstream or
both. 

 (ii) If the transfer is being effected pursuant to Rule 144, the Notes are being
transferred in a transaction permitted by
 Rule 144. 
 This certificate and the statements contained herein are made for
your benefit and the benefit of the Issuer, the Guarantors and the initial purchasers, if any, of the initial offering of such Notes being transferred. Terms used in this certificate and not otherwise defined in the First Supplemental Indenture have
the meanings set forth in Regulation S or Rule 144. 
  

			
	[Insert Name of Transferor]
		
	By:	 	 
		 	Name:
		 	Title:

 Dated: 
  

	cc:	WPP plc and WPP Finance 2010 

  
 A-2

 ANNEX B 
 FORM OF TRANSFER CERTIFICATE 
 FOR TRANSFER FROM RESTRICTED GLOBAL

 NOTE TO UNRESTRICTED GLOBAL NOTE 
 (Transfers Pursuant to § 3.03(b)(ii) 
 of the First Supplemental
Indenture) 
 Citibank, N.A., 

    as Security Registrar 
  

	 	Re:	4.75% Senior Notes due 2021 of  

 WPP Finance 2010 (the “Notes”) 
 Reference is hereby made to the
First Supplemental Indenture, dated as of November 21, 2011 (the “First Supplemental Indenture), among WPP Finance 2010, as Issuer (the “Issuer”), WPP plc, WPP Air 1 Limited, WPP 2008 Limited and WPP 2005 Limited
(collectively, the “Guarantors”), Wilmington Trust, National Association, as Trustee (the “Trustee”), Citibank, N.A., as Security Registrar and Principal Paying Agent, and Citibank, N.A., London Branch, as a Paying
Agent, to the Indenture dated as of November 21, 2011 among the Issuer, the Guarantors, the Trustee, the Security Registrar and Principal Paying Agent and the Paying Agent. Capitalized terms used but not defined herein shall have the meanings
given to them in the First Supplemental Indenture. 
 This letter relates to
U.S.$         principal amount of Notes which are evidenced by one or more Regulation S Global Notes (CUSIP No. G70800AA8) and held with the Depositary in the name of [INSERT NAME OF TRANSFEROR] (the
“Transferor”). The Transferor has requested a transfer of such beneficial interest in the Notes to a person that shall take delivery thereof in the form of an equal principal amount of Notes evidenced by one or more Unrestricted
Global Notes (CUSIP No. 92936MAB3). 
 In connection with such request and in respect of such Notes, the Transferor does
hereby certify that such transfer has been effected pursuant to and in accordance with either (i) Rule 903 or Rule 904 (as applicable) under the Securities Act, or (ii) Rule 144, and accordingly the Transferor does hereby further certify
that: 
 (i) If the transfer has been effected pursuant to Rule 903 and Rule 904: 

 

	 	(1)	the offer of the Notes was not made to a person in the United States; 

  

	 	(2)	either: 

 (A) at
the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed that the transferee was outside the United States, or 

(B) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither
the Transferor nor any person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States; 

  
 B-1

	 	(3)	no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable; and 

 

	 	(4)	the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act. 

(ii) If the transfer has been effected pursuant to Rule 144, the Notes have been transferred in a transaction permitted by
Rule 144. 
 This certificate and the statements contained herein are made for your benefit and the benefit of the Issuer, the
Guarantors and the initial purchasers, if any, of the initial offering of such Notes being transferred. Terms used in this certificate and not otherwise defined in the First Supplemental Indenture have the meanings set forth in Regulation S under
the Securities Act. 
  

			
	[Insert Name of Transferor]
		
	By:	 	 
		 	Name:
		 	Title:

 Dated: 
  

	cc:	WPP plc and WPP Finance 2010 

  
 B-2

 ANNEX C 
 FORM OF TRANSFER CERTIFICATES 
 FOR TRANSFER FROM REGULATION S GLOBAL

 NOTE OR UNRESTRICTED GLOBAL NOTE 
 TO RESTRICTED GLOBAL NOTE 
 (Transfers Pursuant to § 3.03(b)(iii)

 of the First Supplemental Indenture) 
 [Transferor Certificate] 
 Citibank, N.A., 

    as Security Registrar 
  

	 	Re:	4.75% Senior Notes due 2021 of  

 WPP Finance 2010 (the “Notes”) 
 Reference is hereby made to the
First Supplemental Indenture, dated as of November 21, 2011 (the “First Supplemental Indenture), among WPP Finance 2010, as Issuer (the “Issuer”), WPP plc, WPP Air 1 Limited, WPP 2008 Limited and WPP 2005 Limited
(collectively, the “Guarantors”), Wilmington Trust, National Association, as Trustee (the “Trustee”), Citibank, N.A., as Security Registrar and Principal Paying Agent, and Citibank, N.A., London Branch, as a Paying
Agent, to the Indenture dated as of November 21, 2011 among the Issuer, the Guarantors, the Trustee, the Security Registrar and Principal Paying Agent and the Paying Agent. Capitalized terms used but not defined herein shall have the meanings
given to them in the First Supplemental Indenture. 
 This letter relates to
U.S.$         principal amount of Notes which are evidenced by one or more Regulation S Global Notes (CUSIP No. G70800AA8) and held with the Depositary through [Euroclear] [Clearstream] (Common Code 070425521;
ISIN No. USG70800AA88) in the name of [INSERT NAME OF TRANSFEROR] (the “Transferor”). The Transferor has requested a transfer of such beneficial interest in the Notes to a person that shall take delivery thereof (the
“Transferee”) in the form of an equal principal amount of Notes evidenced by one or more Restricted Global Notes (CUSIP No. 92936MAA5). 
 In connection with such request and in respect of such Notes, the Transferor does hereby certify that: 
  

	 	(1)	such transfer is being effected in accordance with all applicable securities laws of any state of the United States or any other jurisdiction; 

 

	 	(2)	the Notes are being transferred in accordance with Rule 144A to a transferee whom the Transferor reasonably believes is a qualified institutional buyer within the
meaning of Rule 144A and is purchasing the Notes for its own account or any account with respect to which the transferee exercises sole investment discretion, in each case in a transaction meeting the requirements of Rule 144A; and

  

	 	(3)	it has notified the transferee that it has relied on Rule 144A as a basis for the exemption from the registration requirements of the Securities Act used in connection
with the transfer. 

  
 C-1

 This certificate and the statements contained herein are made for your benefit and the
benefit of the Issuer, the Guarantors and the underwriter or initial purchasers, if any, of the initial offering of such Notes being transferred. Terms used in this certificate and not otherwise defined in the First Supplemental Indenture have the
meanings set forth in Regulation S under the Securities Act. 
  

			
	[Insert Name of Transferor]
		
	By:	 	 
		 	Name:
		 	Title:

 Dated: 
  

	cc:	WPP plc and WPP Finance 2010 

  
 C-2Registration Rights Agreement

 Exhibit 4.5 

 
  

 
 REGISTRATION RIGHTS AGREEMENT

 Dated as of November 21, 2011 
 among 
 WPP FINANCE 2010, 

WPP PLC, 
 WPP 2005
LIMITED, 
 WPP AIR 1 LIMITED, 
 and 
 WPP 2008 LIMITED 

and 
 BARCLAYS
CAPITAL INC., 
 HSBC SECURITIES (USA) INC., 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 
 RBS SECURITIES INC.,

 BNP PARIBAS SECURITIES CORP. 
 and 
 CITIGROUP GLOBAL MARKETS INC. 

as Representatives of the Initial Purchasers 
 and 
 BARCLAYS CAPITAL INC., 

HSBC SECURITIES (USA) INC., 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 
 and 

RBS SECURITIES INC. 
 as Dealer Managers 
  
  

 

 REGISTRATION RIGHTS AGREEMENT dated as of November 21, 2011 (this
“Agreement”) is entered into by and between WPP FINANCE 2010 (the “Issuer”), a private unlimited liability company organized and existing under the laws of England and Wales, WPP plc, a public company limited by
shares incorporated under the Companies (Jersey) Law 1991 (the “Parent Guarantor”), WPP 2008 Limited, a private limited company organized and existing under the laws of England and Wales, WPP 2005 Limited, a private limited company
organized and existing under the laws of England and Wales and WPP Air 1 Limited, a company limited by shares incorporated in Ireland (collectively, the “Subsidiary Guarantors” and, together with the Parent Guarantor, the
“Guarantors”) and Barclays Capital Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., BNP Paribas Securities Corp. and Citigroup Global Markets Inc., as
representatives (the “Representatives”), of the initial purchasers named in Schedule 1 to the Purchase Agreement referred to below (the “Initial Purchasers”) and Barclays Capital Inc., HSBC Securities (USA) Inc.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc., as dealer managers pursuant to the Dealer Managers Agreement referred to below (the “Dealer Managers”). 

The Issuer, the Guarantors and the Representatives are parties to the Purchase Agreement dated November 2, 2011 (the
“Purchase Agreement”), which provides for the sale by the Issuer to the Initial Purchasers of U.S.$500,000,000 principal amount of its 4.75% Senior Notes due 2021 (the “Notes”), to be fully and unconditionally
guaranteed (the “Guarantees” and, together with the Notes, the “Securities”) by the Guarantors. As an inducement to the Initial Purchasers to enter into the Purchase Agreement, the Issuer and the Guarantors have
agreed to provide to the Initial Purchasers and their direct and indirect transferees the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the closing under the Purchase Agreement.

 The Issuer, the Guarantors and the Dealer Managers are parties to the Dealer Managers Agreement dated November 2, 2011
(the “Dealer Managers Agreement”), pursuant to which the Parent Guarantor has arranged for the Issuer and WPP Finance (UK) (the “Old Notes Issuer”) to offer to exchange (the “Private Exchange Offer”) up to
$450,000,000 aggregate principal amount of Notes for the Old Notes Issuer’s 5.875% Senior Notes due 2014 (the “Old Notes”). As an inducement to the Dealer Managers to enter into the Dealer Managers Agreement and as an inducement for
holders of the Old Notes to participate in the Private Exchange Offer, the Issuer and the Guarantors have agreed to provide to the participants in the Private Exchange Offer and their direct and indirect transferees the registration rights set forth
in this Agreement. The execution and delivery of this Agreement is a condition to the Dealer Managers’ obligations under the Dealer Managers Agreement. 
 In consideration of the foregoing, the parties hereto agree as follows: 
 1.
Definitions. As used in this Agreement, the following terms shall have the following meanings: 

  
 1 

 “Business Day” means any day that is not a Saturday, Sunday
or other day on which commercial banks in New York City or London are authorized or required by law, regulation or executive order to remain closed. 
 “Closing Date” shall have the meaning set forth in the Purchase Agreement. 
 “Dealer Managers Agreement” shall have the meaning set forth in the preamble. 
 “Dealer Managers” shall have the meaning set forth in the preamble. 
 “Depositary” means The Depository Trust Company until a successor Depositary should have become Depositary pursuant to the applicable provisions of the Indenture, and the thereafter
“Depositary” should mean such successor Depositary. 
 “Exchange Act” means the U.S.
Securities Exchange Act of 1934, as amended. 
 “Free Writing Prospectus” means each free
writing prospectus (as defined in Rule 405 under the Securities Act) prepared by or on behalf of the Issuer or used or referred to by the Issuer in connection with the offer or sale of the Securities or the Registered Securities. 

“Guarantees” shall have the meaning set forth in the preamble. 

“Guarantors” shall have the meaning set forth in the preamble. 

“Holder” means any of the Initial Purchasers or Dealer Managers, for so long as it owns any Registrable
Securities, and each of its successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that for purposes of Section 4 and Section 5 hereof, the term
“Holders” shall include Participating Broker-Dealers. 
 “Initial Purchasers” shall
have the meaning set forth in the preamble. 
 “Indenture” means, collectively, the Indenture
dated as of November 21, 2011 among the Issuer, the Guarantors, Wilmington Trust, National Association, as trustee, Citibank, N.A., as security registrar and principal paying agent, and Citibank, N.A., London Branch, as paying agent, as
supplemented by the First Supplemental Indenture, dated as of the date hereof among the Issuer, the Guarantors, Wilmington Trust, National Association, as trustee, Citibank, N.A., as security registrar and principal paying agent, and Citibank, N.A.,
London Branch, as paying agent, relating to the Securities, in each case, as amended from time to time in accordance with the terms thereof. 
 “Issuer” shall have the meaning set forth in the preamble and shall also include the Issuer’s successors. 

  
 2 

 “Issuer Information” shall have the meaning set forth in
Section 5(a) hereof. 
 “Majority Holders” means the Holders of a majority of the aggregate
principal amount of outstanding Registrable Securities; provided that, whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, Registrable Securities or Registered Securities
owned directly or indirectly by the Issuer or any of its affiliates (as such term is defined in Rule 405 under the Securities Act) shall not be counted in determining whether such consent or approval was given by the Holders of such required
percentage or amount. 
 “Notes” shall have the meaning set forth in the preamble and shall
include both Notes issued pursuant to the Purchase Agreement and Notes issued pursuant to the Private Exchange Offer. 
 “Old Notes” shall have the meaning set forth in the preamble. 
 “Old Notes Issuer” shall have the meaning set forth in the preamble and shall also include the Old Notes Issuer’s successors. 

“Parent Guarantor” shall have the meaning set forth in the preamble and shall also include the Parent
Guarantor’s successors. 
 “Participating Broker-Dealers” shall have the meaning set forth
in Section 4(a) hereof. 
 “Person” means an individual, partnership, limited liability
company, corporation, trust or unincorporated organization, or a government or agency or political subdivision thereof. 
 “Private Exchange Offer” shall have the meaning set forth in the preamble. 
 “Prospectus” means the prospectus included in a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus
supplement, including a prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in
each case including any document incorporated by reference therein. 
 “Purchase Agreement”
shall have the meaning set forth in the preamble. 
 “Registered Offer” means the offer by the
Issuer of Registered Securities for Registrable Securities pursuant to Section 2(a) hereof. 

“Registered Offer Registration” means a registration under the Securities Act effected pursuant to
Section 2(a) hereof. 

  
 3 

 “Registered Offer Registration Statement” means a
registration statement on Form F-4 (or, if applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each case including the Prospectus contained therein, all exhibits thereto and any document
incorporated by reference therein. 
 “Registered Securities” means the 4.75% Senior Notes due
2021 issued by the Issuer under the Indenture containing terms substantially identical to the Notes, and related guarantees of the Guarantors under the Indenture containing terms substantially identical to the Guarantees (except that
(i) interest thereon shall accrue from the last date to which interest has been paid or duly provided for on the Notes or, if no such interest has been paid or duly provided for, from the Closing Date, (ii) the transfer restrictions and
legends relating to restrictions on ownership and transfer thereof as a result of the issuance of the Notes without registration under the Securities Act shall be eliminated and (iii) the 4.75% Senior Notes due 2021 shall be represented by one
or more global Registered Securities in book-entry form unless exchanged for Registered Securities in definitive certificated form under the limited circumstances provided in the Indenture) to be offered to Holders of Registrable Securities for
Registered Securities pursuant to the Registered Offer. 
 “Registrable Securities” means all of
the Securities; provided that the Notes and Guarantees shall cease to be Registrable Securities when (i) a Registration Statement with respect to such Securities shall have become effective under the Securities Act and such Securities
shall have been disposed of pursuant to such Registration Statement, (ii) such Securities shall have ceased to be outstanding, or (iii) such Securities have been exchanged for Registered Securities which have been registered pursuant to
the Registered Offer Registration Statement upon consummation of the Registered Offer unless, in the case of any Registered Securities referred to in this clause (iii), such Registered Securities are held by a Participating Broker-Dealer or
otherwise are not freely tradable without any limitations or restrictions under the Securities Act (in which case such Registered Securities will be deemed to be Registrable Securities until expiration of the period specified in Section 4(b)
hereof). 
 “Registration Dates” shall have the meaning set forth in Section 2(a)(ii)
hereof. 
 “Registration Expenses” means any expenses and costs incident to performance of or
compliance by the Issuer and the Guarantors with this Agreement, including without limitation: (i) all SEC or Financial Industry Regulatory Authority registration and filing fees, (ii) all fees and expenses incurred in connection with
compliance with state securities or blue sky laws in jurisdictions designated pursuant to Section 3(e) hereof (including reasonable and documented fees and disbursements of counsel for any Holders in connection with blue sky qualification of
any Registered Securities or Registrable Securities), (iii) all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus, any

  
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Free Writing Prospectus and any amendments or supplements thereto, securities sales agreements or other similar agreements and any other documents relating to the performance of and compliance
with this Agreement, (iv) any rating agency fees, (v) all fees and disbursements relating to the qualification of the Indenture under applicable securities laws, (vi) the fees and disbursements of the Trustee and its counsel,
(vii) the fees and disbursements of U.S., U.K., Jersey, Irish and other counsel to the Issuer and the Guarantors, and, in the case of a Shelf Registration Statement, the reasonable and documented fees and expenses of one U.S. counsel and, if
applicable, one U.K. counsel, for the Holders, the Initial Purchasers and the Dealer Managers (which counsel shall be Simpson Thacher & Bartlett LLP and Herbert Smith LLP or such other counsel as may be selected by the Majority Holders and
which counsel may also be counsel for the Initial Purchasers and the Dealer Managers), (viii) all fees relating to the listing of Registered Securities or Registrable Securities on the London Stock Exchange for trading, (ix) the fees and
disbursements of the independent public accountants of the Issuer and the Guarantors; however, the term “Registration Expenses” shall exclude fees and expenses of counsel for the Holders and transfer taxes, if any, relating to the sale or
disposition of Registrable Securities by a Holder. 
 “Registration Statement” means any
registration statement of the Issuer and the Guarantors that covers any of the Registered Securities or Registrable Securities pursuant to the provisions of this Agreement and all amendments and supplements to any such registration statement,
including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and any document incorporated by reference therein. 

“SEC” means the U.S. Securities and Exchange Commission. 

“Securities” shall have the meaning set forth in the preamble and shall include both Notes and Guarantees
issued pursuant to the Purchase Agreement and Notes and Guarantees issued pursuant to the Private Exchange Offer. 
 “Securities Act” means the U.S. Securities Act of 1933, as amended from time to time. 
 “Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 
 “Shelf Registration” means a registration effected pursuant to Section 2(b) hereof. 
 “Shelf Registration Statement” means a “shelf” registration statement of the Issuer that covers all the Registrable Securities on an appropriate form under Rule 415 under the
Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto
and any document incorporated by reference therein. 

  
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 “Subsidiary Guarantors” shall have the meaning set forth in
the preamble and shall also include the Subsidiary Guarantors’ successors. 
 “Trust Indenture
Act” means the U.S. Trust Indenture Act of 1939, as amended from time to time, or any rules, regulations and forms promulgated thereunder. 
 “Trustee” means the Trustee with respect to the Notes under the Indenture. 
 For purposes of this Agreement, (i) all references in this Agreement to any Registration Statement, preliminary prospectus or Prospectus or any amendment or supplement to any of the foregoing shall
be deemed to include the version filed with the SEC pursuant to its EDGAR; (ii) all references in this Agreement to financial statements and schedules and other information which is “contained,” “included” or
“stated” in any Registration Statement or Prospectus (or other similar references) shall be deemed to mean and include all such financial statements and schedules and other information which is incorporated or deemed to be incorporated by
reference in such Registration Statement or Prospectus, as the case may be; (iii) all references in this Agreement to amendments or supplements to any Registration Statement or Prospectus shall be deemed to mean and include the filing of any
document under the Exchange Act which is incorporated or deemed to be incorporated by reference in such Registration Statement or Prospectus, as the case may be; (iv) all references in this Agreement to Rule 144, Rule 144A or Rule 405 under the
Securities Act, and all references to any sections or subsections thereof or terms defined therein, shall include any successor provisions thereto; and (v) all references in this Agreement to “days” (but not to Business Days) means
calendar days. 
 2. Registration Under the Securities Act. (a) To the extent not prohibited by any applicable law or
applicable interpretations of the staff of the SEC and except in the circumstances contemplated by Section 2(b)(i) hereof, the Issuer and the Guarantors shall use their reasonable best efforts to (i) cause to be filed with the SEC a
Registered Offer Registration Statement covering an offer to the Holders to exchange all the Registrable Securities for Registered Securities within 60 days after the Closing Date, (ii) cause such Registered Offer Registration Statement to
become effective under the Securities Act as soon as practicable following filing with the SEC, and (iii) have such Registration Statement remain effective until the earlier of (A) 120 days after the closing of the Registered Offer and
(B) such time as all Participating Broker-Dealers no longer own any Registrable Securities. The Issuer and the Guarantors shall use their reasonable best efforts to commence the Registered Offer promptly after the Registered Offer Registration
Statement is declared effective by the SEC and to complete the Registered Offer not later than 60 days after such effective date. For purposes of this Agreement, the Registered Offer shall be deemed completed upon the earlier to occur of
(i) the Issuer and the Guarantors having exchanged the Registered Securities for all outstanding Registrable Securities (other than those held by Holders that are ineligible to participate in the Registered Offer) pursuant to the Registered
Offer and (ii) the Issuer and the Guarantors having 

  
 6 

 
exchanged, pursuant to the Registered Offer, Registered Securities for all Registrable Securities that have been properly tendered and not withdrawn before the expiration of the Registered Offer;
provided, however, that the Issuer and the Guarantors may, in their discretion, accept tenders of Registrable Securities for Registered Securities subsequent to the date the Issuer and the Guarantors consummate the Registered Offer
with respect to Registrable Securities tendered as of the date of initial consummation, and the Registered Offer shall be deemed to have been consummated notwithstanding any such extension of the tender period. 

The Issuer and the Guarantors shall commence the Registered Offer by mailing the related Prospectus, appropriate letters of transmittal
and other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law: 
 (i) that the Registered Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly withdrawn will be accepted for exchange; 

(ii) the dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice
is mailed) (the “Registration Dates”); 
 (iii) that any Registrable Note not tendered will
remain outstanding and continue to accrue interest but will not retain any rights under this Agreement; 
 (iv)
that any Holder electing to have a Registrable Note exchanged pursuant to the Registered Offer will be required to surrender such Registrable Note, together with the appropriate letters of transmittal, to the institution and at the address (located
in New York City) and in the manner specified in the notice, prior to the close of business on the last Registration Date; and 
 (v) that any Holder will be entitled to withdraw its election, not later than the close of business on the last Registration Date, in the manner specified in such notice. 

As a condition to participating in the Registered Offer, a Holder will be required to represent to the Issuer and the Guarantors that
(i) any Registered Securities to be received by it will be acquired in the ordinary course of its business, (ii) at the time of the commencement of the Registered Offer it has no arrangement or understanding with any Person to participate
in the distribution (within the meaning of the Securities Act) of the Registered Securities in violation of the provisions of the Securities Act, (iii) it is not an “affiliate” (within the meaning of Rule 405 under Securities Act) of
the Issuer and the Guarantors and (iv) if such Holder is a broker-dealer, that it will receive Registered Securities for its own account in exchange for Registrable Securities that were acquired as a result of market-making or other trading
activities, and that it will deliver, to the extent required by applicable law or regulation or SEC pronouncement, a Prospectus in connection with any resale of such Registered Securities. 

  
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 As soon as practicable after the last Registration Date, the Issuer and the Guarantors
shall: 
 (i) accept for exchange Registrable Securities or portions thereof validly tendered and not properly
withdrawn pursuant to the Registered Offer; and 
 (ii) deliver, or cause to be delivered, to the Trustee for
cancellation all Registrable Securities or portions thereof so accepted by the Issuer and issue, and cause the Trustee to promptly authenticate and deliver to each Holder, Registered Securities equal in principal amount to the principal amount of
the Registrable Securities surrendered by such Holder. 
 The Issuer and the Guarantors shall use their reasonable best efforts
to complete the Registered Offer as provided above and shall comply with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Registered Offer. 

(b) In the event that (i) the Issuer and the Guarantors determine that the Registered Offer Registration provided for in
Section 2(a) hereof is not permitted or may not be completed as soon as practicable after the last Registration Date because it would violate any applicable law or applicable interpretations of the Staff of the SEC, or because the Registered
Securities received by Holders are not or would not be, upon receipt, transferable by each such holder without need for further compliance with Section 5 of the Securities Act (except for the requirement to deliver a Prospectus in connection
with any resale by a Participating Broker-Dealer), (ii) the Registered Offer is not for any other reason completed by June 30, 2012 or (iii) upon completion of the Registered Offer any of the Initial Purchasers shall so request in
connection with any offering or sale of Registrable Securities initially purchased by it pursuant to the Purchase Agreement, the Issuer and the Guarantors shall use their reasonable best efforts to cause to be filed as soon as practicable after such
determination, date or request, as the case may be, a Shelf Registration Statement providing for the sale of all the Registrable Securities by the Holders thereof and to have such Shelf Registration Statement become effective under the Securities
Act. 
 If the Issuer and the Guarantors receive reasonable advance notice that they will be required to file a Shelf
Registration Statement pursuant to clause (iii) of the preceding paragraph, the Issuer and the Guarantors shall use their reasonable best efforts to file and have become effective under the Securities Act both a Registered Offer Registration
Statement pursuant to Section 2(a) hereof with respect to all Registrable Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the Registered Offer Registration Statement) with respect to offers and
sales of Registrable Securities held by the Initial Purchasers and Dealer Managers after completion of the Registered Offer. 

  
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 The Issuer and the Guarantors agree to use their reasonable best efforts to keep the Shelf
Registration Statement continuously effective for a period of not less than 90 days with respect to the Registrable Securities or such shorter period that will terminate when all the Registrable Securities covered by the Shelf Registration Statement
have been sold pursuant to the Shelf Registration Statement (the “Shelf Effectiveness Period”). The Issuer and the Guarantors further agree that during the Shelf Effectiveness Period they will supplement or amend the Shelf
Registration Statement, the related Prospectus and any Free Writing Prospectus if required by the rules, regulations or instructions applicable to the registration form used by the Issuer and the Guarantors for such Shelf Registration Statement or
by the Securities Act or by any other rules and regulations thereunder for shelf registration or if reasonably requested by a Holder of Registrable Securities with respect to information relating to such Holder, and will use their reasonable best
efforts to cause any such amendment to become effective and such Shelf Registration Statement, Prospectus or Free Writing Prospectus, as the case may be, to become usable as soon as thereafter practicable. The Issuer and the Guarantors agree to
furnish to the Holders of Registrable Securities copies of any such supplement or amendment promptly after its being used or filed with the SEC. 
 (c) The Issuer and the Guarantors shall pay all Registration Expenses in connection with the registration provided in Section 2(a) and Section 2(b) hereof. Each Holder shall pay all transfer
taxes, if any, relating to the sale or disposition of such Holder’s Registrable Securities pursuant to the Shelf Registration Statement. 
 (d) A Registered Offer Registration Statement pursuant to Section 2(a) hereof will not be deemed to have become effective unless it has been declared effective by the SEC. A Shelf Registration
Statement pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been declared effective by the SEC or becomes automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act.
Any obligation to file with the SEC a Shelf Registration Statement pursuant to Section 2(b) hereof will be deemed to be satisfied if the Issuer and the Guarantors have previously filed a registration statement with the SEC that may be used
without limitation or restriction for the purposes contemplated by Section 2(b) hereof. 
 (e) In the event that either the
Registered Offer is not completed or the Shelf Registration Statement, if required hereby, has not become effective under the Securities Act on or prior to June 30, 2012, the interest rate on the Registrable Securities will be increased by
0.25% per annum until the Registered Offer is completed or the Shelf Registration Statement, if required hereby, become effective under the Securities Act, at which time, if any, the increased interest shall cease to accrue. 

If the Shelf Registration Statement has become effective under the Securities Act and thereafter either ceases to be
effective or the Prospectus contained therein ceases to be usable at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 30 days (whether or not consecutive) in any 12-month period (two
suspensions not to exceed 30 days each in any 365-day period in the case of a suspension described in Section 3 hereof), then the interest rate on the Registrable Securities will be increased by 0.25% per annum commencing on the 31st day in such 12-month period and ending

  
 9 

 
on such date that the Shelf Registration Statement has again become effective under the Securities Act or the Prospectus again becomes usable, at which time the increased interest shall cease to
accrue; provided, however, that if the Prospectus ceases to be usable because financial statements are required to be filed with the SEC and incorporated by reference in the Shelf Registration Statement to comply with the undertaking
of the Issuer pursuant to Item 512(a)(4) of Regulation S-K (or any successor provision), such a suspension shall not be a suspension for purposes of the foregoing provision unless and to the extent its duration exceeds 60 days. 

3. Registration Procedures. In connection with its obligations pursuant to Section 2(a) and Section 2(b) hereof, the
Issuer and the Guarantors shall as expeditiously as possible: 
 (a) prepare and file with the SEC a Registration Statement on
the appropriate form under the Securities Act, which form shall (i) be selected by the Issuer and the Guarantors, (ii) in the case of a Shelf Registration, be available for the sale of the Registrable Securities by selling Holders thereof
and (iii) comply as to form in all material respects with the requirements of the applicable form and include all financial statements and other information required by the SEC to be filed therewith; and use their reasonable best efforts to
cause such Registration Statement to become effective and remain effective for the applicable period in accordance with Section 2 hereof; 
 (b) prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period
in accordance with Section 2 hereof and cause each Prospectus to be supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during
the period described in Section 4(3) of and Rule 174 under the Securities Act that is applicable to transactions by brokers or dealers with respect to the Registrable Securities or Registered Securities; 

(c) to the extent any Free Writing Prospectus is used, file with the SEC any Free Writing Prospectus that is required to be filed by the
Issuer with the SEC in accordance with the Securities Act and to retain any Free Writing Prospectus not required to be filed; 

(d) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities, to U.S. counsel for the Initial Purchasers,
the Dealer Managers and to counsel for such Holders, without charge, as many copies of each Prospectus, including each preliminary Prospectus or Free Writing Prospectus, and any amendment or supplement thereto as they may reasonably request, in
order to facilitate the sale or other disposition of the Registrable Securities thereunder during the Shelf Effectiveness Period; and the Issuer and the Guarantors consent to the use of such Prospectus, preliminary Prospectus or Free Writing
Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the selling Holders of Registrable Securities in connection with the offering and sale of the Registrable Securities covered by and in the manner
described in such Prospectus, preliminary Prospectus or Free Writing Prospectus or any amendment or supplement thereto in accordance with applicable law; 

  
 10 

 (e) use their reasonable best efforts to register or qualify the Registrable Securities
under all applicable state securities or blue sky laws of such jurisdictions as a majority of the Holders of Registrable Securities covered by a Registration Statement shall reasonably request in writing by the time the applicable Registration
Statement has become effective under the Securities Act; cooperate with the Holders in connection with any filings required to be made with the Financial Industry Regulatory Authority; and do any and all other acts and things that may be reasonably
necessary or advisable to enable each Holder to complete the disposition in each such jurisdiction of the Registrable Securities owned by such Holder; provided that the Issuer and the Guarantors shall not be required to (i) qualify as
foreign corporations or other entities or as dealers in securities in any such jurisdiction where they would not otherwise be required to so qualify, (ii) file any general consent to service of process in any such jurisdiction, or
(iii) subject themselves to taxation in any such jurisdiction if they is not otherwise so subject; 
 (f) in the case of a
Shelf Registration, notify each Holder of Registrable Securities, counsel for such Holders and counsel for the Initial Purchasers and the Dealer Managers promptly and, if requested by any such Holder or counsel, confirm such advice in writing
(i) when a Registration Statement has become effective and when any post-effective amendment thereto has been filed and becomes effective, when any Free Writing Prospectus has been filed or any amendment or supplement to the Prospectus or any
Free Writing Prospectus has been filed, (ii) of any request by the SEC or any state securities authority for amendments and supplements to a Registration Statement, Prospectus or any Free Writing Prospectus or for additional information after
the Registration Statement has become effective, (iii) of the issuance by the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that
purpose, including the receipt by the Issuer of any notice of objection of the SEC to the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (iv) of the happening
of any event during the period a Shelf Registration Statement is effective that makes any statement made in such Registration Statement or the related Prospectus or any Free Writing Prospectus untrue in any material respect or that requires the
making of any changes in such Registration Statement or Prospectus or any Free Writing Prospectus in order to make the statements therein not misleading and (v) of any determination by the Issuer that a post-effective amendment to a
Registration Statement or any amendment or supplement to the Prospectus or any Free Writing Prospectus would be appropriate; 

(g) use their reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement or,
in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2), including by filing an amendment to such Shelf Registration Statement on the proper form, at the earliest possible moment and provide
immediate notice to each Holder of the withdrawal of any such order; 

  
 11 

 (h) use all reasonable efforts to obtain the consent or approval of each U.K. or U.S.
governmental agency or authority, whether federal or state that may be required to effect the Registered Offer and the offering and sale of Registered Securities; 
 (i) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment
thereto (without any documents incorporated therein by reference or exhibits thereto, unless requested); 
 (j) in the case of a
Shelf Registration, cooperate with the selling Holders of Registrable Securities to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends and enable such
Registrable Securities to be issued in such denominations and registered in such names (consistent with the provisions of the Indenture) as the selling Holders may reasonably request at least one Business Day prior to the closing of any sale of
Registrable Securities; 
 (k) in the case of a Shelf Registration, upon the occurrence of any event contemplated by
Section 3(f)(v) hereof, use its reasonable best efforts to prepare and file with the SEC a supplement or post-effective amendment to a Registration Statement or the related Prospectus or any Free Writing Prospectus or any document incorporated
therein by reference or file any other required document so that, as thereafter delivered (or, to the extent permitted by law, made available) to purchasers of the Registrable Securities, such Prospectus or Free Writing Prospectus, as the case may
be, will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;
and the Issuer and the Guarantors shall notify the Holders of Registrable Securities to suspend use of the Prospectus or any Free Writing Prospectus as promptly as practicable after the occurrence of such an event, and such Holders hereby agree to
suspend use of the Prospectus or any Free Writing Prospectus, as the case may be, until the Issuer and the Guarantors have amended or supplemented the Prospectus or the Free Writing Prospectus, as the case may be, to correct such misstatement or
omission; 
 (l) if reasonably requested by the Initial Purchasers, the Dealer Managers or Holders and their respective counsel,
a reasonable time prior to the filing of any Registration Statement, any Prospectus, any Free Writing Prospectus, any amendment to a Registration Statement or amendment or supplement to a Prospectus or a Free Writing Prospectus or of any document
that is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus after initial filing of a Registration Statement (and prior to the completion of a Registered Offer in the case of a Registered Offer
Registration Statement), provide copies of such document to the Initial Purchasers and the Dealer Managers and U.S. counsel for the Initial Purchasers and the Dealer Managers (and, in the case of a Shelf Registration Statement, to the Holders of
Registrable Securities and their counsel) and make such of the representatives of the Issuer and the Guarantors as shall be reasonably requested by the Initial Purchasers and the Dealer Managers or such counsel (and, in the case of a Shelf

  
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Registration Statement, the Holders of Registrable Securities or their counsel) available for discussion of such document; and, in such event, the Issuer and the Guarantors shall not, at any time
after initial filing of a Registration Statement, use or file any Prospectus, any Free Writing Prospectus, any amendment of or supplement to a Registration Statement or a Prospectus or a Free Writing Prospectus, or any document that is to be
incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus, of which the Initial Purchasers and the Dealer Managers and such counsel (and, in the case of a Shelf Registration Statement, the Holders of
Registrable Securities and their counsel) shall not have previously been advised and furnished a copy or to which the Initial Purchasers and the Dealer Managers or such counsel (and, in the case of a Shelf Registration Statement, the Holders or
their counsel) shall reasonably and timely object; 
 (m) obtain CUSIP and ISIN numbers for all Registered Securities or
Registrable Securities, as the case may be, not later than the effective date of a Registration Statement, and provide the Trustee with printed or word-processed certificates for the Registered Securities or Registrable Securities, as the case may
be, in a form eligible for deposit with the Depositary; 
 (n) take all reasonable action necessary to ensure that the
Registered Securities, at the time of the consummation of the Registered Offer (or as soon as reasonably practicable thereafter), are admitted to listing on the London Stock Exchange for trading; 

(o) cause the Indenture to be qualified under the Trust Indenture Act in connection with the registration of the Registered Securities or
Registrable Securities, as the case may be; cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and
execute, and use their reasonable best efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in
a timely manner; 
 (p) in the case of a Shelf Registration, make available for inspection by a representative of Holders of
Registrable Securities that confirm to the Issuer and the Guarantors that it is their current intention to sell Registrable Securities pursuant to a Shelf Registration (an “Inspector”), and counsel and accountants designated by the
Holders, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties of the Issuer and the Guarantors as may be reasonably requested by any such Inspector, counsel or accountant in connection
with a Shelf Registration Statement, and cause the respective officers, directors and employees of the Issuer and the Guarantors to supply such information; provided that if any such information is identified in writing by the Issuer and the
Guarantors as being confidential or proprietary, each Person receiving such information shall use such Person’s reasonable best efforts to protect the confidentiality of such information to the extent such action is otherwise not inconsistent
with, an impairment of or in derogation of the substantial and necessary rights and interests of any Inspector or Holder; and 

  
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 (q) if reasonably requested by any Holder of Registrable Securities covered by a
Registration Statement, promptly incorporate in a Prospectus supplement or post-effective amendment such information with respect to such Holder as such Holder reasonably requests to be included therein and make all required filings of such
Prospectus supplement or such post-effective amendment as soon as the Issuer and the Guarantors have received notification of the matters to be incorporated in such filing. 
 In the case of a Shelf Registration Statement, the Issuer and the Guarantors may require each Holder of Registrable Securities to furnish to the Issuer and the Guarantors such information regarding such
Holder and the proposed disposition by such Holder of such Registrable Securities as the Issuer may from time to time reasonably request in writing. 
 In the case of any Registration Statement, each Holder of Registrable Securities agrees that, upon receipt of any notice from the Issuer to the effect of the happening of any event of the kind described
in Section 3(f)(iii) hereof or that the Prospectus included in any Registration Statement cannot be used for any other reason, such Holder will forthwith discontinue disposition of Registrable Securities pursuant to such Registration Statement
until such Holder’s receipt of the copies of the supplemented or amended Prospectus and any Free Writing Prospectus contemplated by Section 3(k) hereof and, if so directed by the Issuer and the Guarantors, such Holder will deliver to the
Issuer all copies in its possession, other than permanent file copies then in such Holder’s possession, of the Prospectus and any Free Writing Prospectus covering such Registrable Securities that is current at the time of receipt of such
notice. The Issuer and the Guarantors may give any such notice only twice during any 365-day period and any such suspensions shall not exceed 30 days for each suspension and there shall not be more than two suspensions in effect during any 365-day
period; provided, however, that if the Prospectus ceases to be usable because financial statements are required to be filed with the SEC and incorporated by reference in the Shelf Registration Statement to comply with the undertaking
of the Issuer and the Guarantors pursuant to Item 512(a)(4) of Regulation S-K (or any successor provision), such a suspension shall not be a suspension for purposes of the foregoing provision unless and to the extent its duration exceeds 60
days. 
 If the Issuer and the Guarantors shall give any such notice to suspend the disposition of Registrable Securities
pursuant to any Registration Statement, the Issuer and the Guarantors shall extend the period during which the Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during the period from and including
the date of the giving of such notice to and including the date when the Holders shall have received copies of the supplemented or amended Prospectus or any Free Writing Prospectus necessary to resume such dispositions. 

4. Participation of Broker-Dealers in Registered Offer. (a) The Staff of the SEC has taken the position that any
broker-dealer that receives Registered Securities for its own account in the Registered Offer in exchange for Notes that were acquired by such broker-dealer as a result of market-making or other trading activities (a “Participating
Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Registered
Securities. 

  
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 The Issuer and the Guarantors understand that it is the Staff’s position that if the
Prospectus contained in the Registered Offer Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers may resell the Registered Securities, without naming
the Participating Broker-Dealers or specifying the amount of Registered Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers to satisfy their prospectus delivery obligation under the Securities Act in connection
with resales of Registered Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 
 (b) In light of the above, and notwithstanding the other provisions of this Agreement, the Issuer and the Guarantors agree to amend or supplement the Prospectus contained in the Registered Offer
Registration Statement, as would otherwise be contemplated by Section 3(k) hereof, for a period of up to 120 days after the last Registration Date (as such period may be extended pursuant to the penultimate paragraph of Section 3 hereof),
if requested by the Initial Purchasers, the Dealer Managers or by one or more Participating Broker-Dealers, in order to expedite or facilitate the disposition of any Registered Securities by Participating Broker-Dealers consistent with the positions
of the Staff recited in Section 4(a) hereof. The Issuer and the Guarantors further agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus during such period in connection with the resales contemplated by this
Section 4. 
 (c) The Initial Purchasers and the Dealer Managers shall have no liability to the Issuer, the Guarantors or
any Holder with respect to any request that they may make pursuant to Section 4(b) hereof. 
 5. Indemnification and
Contribution. (a) The Issuer and each of the Guarantors, jointly and severally, agree to indemnify and hold harmless each Initial Purchaser and each Dealer Manager and each Holder, their respective affiliates, directors and officers and
each Person, if any, who controls any Initial Purchaser, Dealer Manager or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any and all losses, claims, damages and
liabilities (including, without limitation, documented legal fees and other expenses incurred by any such entity or person in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are incurred), joint or
several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or any omission or alleged omission to state therein a material fact required to be
stated therein or necessary in order to make the statements therein not misleading, or (2) any untrue statement or alleged untrue statement of a material fact contained in any Prospectus, any Free Writing Prospectus or any “issuer
information” (“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or any omission or alleged omission to state therein a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were 

  
 15 

 
made, not misleading, in each case except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with any information furnished to the Issuer and the Guarantors in writing or to any selling Holder by or on behalf of such Person expressly for use therein. 

(b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Issuer, the Guarantors, the Initial Purchasers and
the other selling Holders, their respective affiliates, the directors of the Issuer and the Guarantors, each officer of the Issuer and the Guarantors who signed the Registration Statement and each Person, if any, who controls the Issuer and the
Guarantors, any Initial Purchaser, any Dealer Manager and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in Section 5(a)
hereof, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information
relating to such Holder furnished to the Issuer and the Guarantors in writing by such Holder expressly for use in any Registration Statement, any Prospectus and any Free Writing Prospectus and, subject to the limitation set forth immediately
preceding this clause, shall reimburse such Persons for any legal or other expenses incurred by them in connection with investigating or defending any loss, claim, damage, liability or action in respect thereof, as such fees and expenses are
incurred. 
 (c) If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall
be brought or asserted against any Person in respect of which indemnification may be sought pursuant to either Section 5(a) or Section 5(b) hereof, such Person (the “Indemnified Person”) shall promptly notify the Person
against whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under this
Section 5 except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the Indemnifying Person shall not
relieve it from any liability that it may have to an Indemnified Person otherwise than under this Section 5. If any such proceeding shall be brought or asserted against an Indemnified Person and it shall have notified the Indemnifying Person
thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification pursuant to this Section 5 that the Indemnifying Person may
designate in such proceeding and shall pay the documented fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and
expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a
reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those
available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any 

  
 16 

 
impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel would be inappropriate due to actual or potential
differing interests between them. It is understood and agreed that the Indemnifying Person shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate
firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses shall be reimbursed as they are incurred. Any such separate firm (x) for the Initial Purchasers, the Dealer Managers, their respective
affiliates, directors and officers and any control Persons of each of the Initial Purchasers and the Dealer Managers shall be jointly designated in writing by the Initial Purchasers and the Dealer Managers, (y) for any Holder, its affiliates,
directors and officers and any control Persons of such Holder shall be designated in writing by the Majority Holders and (z) in all other cases shall be designated in writing by the Issuer. The Indemnifying Person shall not be liable for any
settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or
liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees and expenses of counsel as
contemplated by this Section 5(c), the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 30 days after receipt by the Indemnifying
Person of such request and (ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with such request prior to the date of such settlement. No Indemnifying Person shall, without the written consent of the
Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such
settlement (A) includes an unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (B) does
not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person. 
 (d) If the indemnification provided for in Section 5(a) and Section 5 (b) hereof is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or
liabilities referred to therein, then each Indemnifying Person under such Sections, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses,
claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Issuer and the Guarantors from the offerings of the Securities and the Registered Securities, on the one hand, and by the
Holders from receiving Securities or Registered Securities registered under the Securities Act, on the other hand, or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to
reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Issuer and the Guarantors, on the one hand, and the Holders, on the other hand, in connection with the statements or omissions that resulted in
such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Issuer and the Guarantors, on the one hand, and the 

  
 17 

 
Holders, on the other hand, shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state
a material fact relates to information supplied by the Issuer and the Guarantors or by the Holders and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

(e) The Issuer, the Guarantors and the Holders agree that it would not be just and equitable if contribution pursuant to this
Section 5 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in
Section 5(d) hereof. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in Section 5(d) hereof shall be deemed to include, subject to the limitations set forth above,
any documented legal or other expenses incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 5, in no event shall a Holder be required to contribute any amount in excess
of the amount by which the total price at which the Notes or Registered Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or
omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. 
 (f) The remedies provided for in this Section 5 are not exclusive and shall not limit any rights or
remedies that may otherwise be available to any Indemnified Person at law or in equity. 
 (g) The indemnity and contribution
provisions contained in this Section 5 shall remain operative and in full force and effect regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers, the Dealer Managers
or any Holder, their respective affiliates or any Person controlling each of the Initial Purchasers, the Dealer Managers or any Holder, or by or on behalf of the Issuer and the Guarantors, their affiliates or the officers or directors of or any
Person controlling the Issuer, (iii) acceptance of any of the Registered Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration Statement. 

6. General. 
 (a) Rule 144 and Rule 144A. If the Parent Guarantor ceases to be subject to the reporting requirements of Section 13 or 15 of the Exchange Act, the Parent Guarantor covenants that it will upon
the request of any Holder or beneficial owner of Registrable Securities (i) make publicly available such information (including, without limitation, the information specified in Rule 144(c)(2) under the Securities Act) as is necessary to permit
sales pursuant to Rule 144 under the Securities Act, (ii) deliver or cause to be delivered, promptly following a request by any Holder or beneficial owner of Registrable Securities or any

  
 18 

 
prospective purchaser or transferee designated by such Holder or beneficial owner, such information (including, without limitation, the information specified in Rule 144A(d)(4) under the
Securities Act) as is necessary to permit sales pursuant to Rule 144A under the Securities Act, and (iii) take such further action that is reasonable in the circumstances, in each case to the extent required from time to time to enable
such Holder to sell its Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (A) to the extent applicable, Rule 144 under the Securities Act, as such Rule may be amended from
time to time, (B) Rule 144A under the Securities Act, as such Rule may be amended from time to time, or (C) any similar rules or regulations hereafter adopted by the SEC. 

(b) Specific Performance. The Issuer and the Guarantors acknowledge that there would be no adequate remedy at law if the Issuer
and the Guarantors failed to perform any of their obligations in this Agreement (including, without limitation, their obligations under Section 2(a) and Section 2(b) hereof) and that any such failure may result in material irreparable
injuries to the Initial Purchasers, the Dealer Managers and the Holders from time to time of the Registrable Securities and that it will not be possible to measure damages for such injuries precisely, and, accordingly the Issuer and the Guarantors
agree that the Initial Purchasers, the Dealer Managers and such Holders, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to compel specific performance of the obligations of the Issuer and the
Guarantors under this Agreement in accordance with the terms and conditions of this Agreement, in any U.S. federal or New York court located in the Borough of Manhattan, The City of New York. 

(c) No Inconsistent Agreements. The Issuer and the Guarantors represent, warrant and agree that (i) the rights granted to the
Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of any other outstanding securities issued or guaranteed by the Issuer and the Guarantors under any other agreement and (ii) the
Issuer and the Guarantors have not entered into, nor on or after the date of this Agreement will enter into, any agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts
with the provisions hereof. 
 (d) Amendments and Waivers. The provisions of this Agreement, including the provisions of
this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Issuer has obtained the written consent of Holders of at least a majority in aggregate
principal amount of the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent; provided that no amendment, modification, supplement, waiver or consent to any departure from the provisions
of Section 5 hereof shall be effective as against any Holder of Registrable Securities unless consented to in writing by such Holder. Any amendments, modifications, supplements, waivers or consents pursuant to this Section 6(c) shall be by
a writing executed by each of the parties hereto. 

  
 19 

 (e) Notices. All notices and other communications provided for or permitted hereunder
shall be made in writing by hand-delivery, registered first-class mail, telex, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such Holder to the Issuer by means of a notice
given in accordance with the provisions of this Section 6(d), which address initially is, with respect to the Initial Purchasers and the Dealer Managers, the addresses set forth in the Purchase Agreement and the Dealer Managers Agreement and
(ii) if to the Issuer and the Guarantors, initially at the Parent Guarantor’s address set forth in the Purchase Agreement and the Dealer Managers Agreement and thereafter at such other address, notice of which is given in accordance with
the provisions of this Section 6(d). All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if
mailed; when answered back, if telexed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered to an air courier guaranteeing overnight delivery. Copies of all such notices, demands or other communications
shall be concurrently delivered by the Person giving the same to the Trustee, at the address specified in the Indenture. 
 (f)
Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent
Holders; provided that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Securities in violation of the terms of the Indenture. If any transferee of any Holder shall acquire Registrable
Securities in any manner, whether by operation of law or otherwise, such Registrable Securities shall be held subject to all the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed
to have agreed to be bound by and to perform all of the terms and provisions of this Agreement and such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers) and the Dealer Managers
(in their capacity as Dealer Managers) shall have no liability or obligation to the Issuer and the Guarantors with respect to any failure by a Holder to comply with, or any breach by any Holder of, any of the obligations of such Holder under this
Agreement. 
 (g) Third-Party Beneficiaries. Each Holder shall be a third-party beneficiary to the agreements made
hereunder between the Issuer and the Guarantors, on the one hand, and the Initial Purchasers and the Dealer Managers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary
or advisable to protect its rights or the rights of other Holders hereunder. 
 (h) Purchases and Sales of Securities.
The Issuer and the Guarantors shall not, and shall use their reasonable best efforts to cause their affiliates (as defined in Rule 405 under the Securities Act) not to, purchase and then resell or otherwise transfer any Registrable Securities.

 (i) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

  
 20 

 (j) Jurisdiction, Venue and Service of Process. Each of the
parties hereto hereby irrevocably submits to the non-exclusive jurisdiction of any U.S. federal or New York state court in the Borough of Manhattan, The City of New York, in respect of actions brought against any such party as a defendant, in any
legal suit, action or proceeding based on or arising under this Agreement and agrees that all claims in respect of such suit or proceeding may be determined in any such court. Each of the parties hereto hereby waives any right to which it may be
entitled on account of place of residence or domicile. The Issuer and each of the Guarantors waives, to the extent permitted by law, the defense of an inconvenient forum or objections to personal jurisdiction with respect to the maintenance of such
legal suit, action or proceeding. The Issuer and each of the Guarantors hereby designates and appoints CT Corporation System, 111 Eighth Avenue, 13th Floor, New York, New York 10011 (the “Process Agent”), as its authorized agent, upon whom process may
be served in any such legal suit, action or proceeding based on or arising under this Agreement, it being understood that the designation and appointment of CT Corporation System as such authorized agent shall become effective immediately without
any further action on the part of the Issuer or any Guarantor. Such appointment shall be irrevocable to the extent permitted by applicable law and subject to the appointment of a successor agent in the United States on terms substantially similar to
those contained in this Section 6(j). If the Process Agent shall cease to act as agent for service of process, the Issuer or the Guarantor, as the case may be, shall appoint, without unreasonable delay, another such agent, and notify the
holders of such appointment. The Issuer and each of the Guarantors represents to the holders that it has notified the Process Agent of such designation and appointment and that the Process Agent has accepted the same in writing. The Issuer and each
of the Guarantors hereby authorizes and directs the Process Agent to accept such service. The Issuer and each of the Guarantors further agrees that service of process upon the Process Agent shall be deemed in every respect effective service of
process upon the Issuer or the Guarantors, as the case may be, in any such legal suit, action or proceeding. Nothing herein shall affect the right of any holder or any person controlling any holder to serve process in any other manner permitted by
law. Notwithstanding the foregoing, any action arising out of or based upon this Agreement may be instituted in any court of competent jurisdiction in England. 
 (k) Additional Amounts. If any amounts to be received by the Initial Purchasers, the Dealer Managers or the Holders under this Agreement are subject to any present or future taxes, assessments,
deductions, withholdings, governmental charges or charges of any nature imposed or levied by or on behalf of the United Kingdom, Jersey, Ireland or any political subdivision thereof or taxing authority therein (“Taxes”), then the
Issuer shall pay to the Initial Purchasers, the Dealer Managers and the Holders, as the case may be, an additional amount so that such Initial Purchasers, Dealer Managers and Holders, shall receive and retain, after taking into consideration all
such Taxes, an amount equal to the amounts owed to them under this Agreement as if such amounts had not been subject to the Taxes. If any Taxes are collected by deduction or withholding, the Issuer or the relevant Guarantor(s) shall, upon request
provide to the Initial Purchasers, the Dealer Managers and the Holders, copies of documentation evidencing 

  
 21 

 
the transmittal to the proper authorities of the amount of Taxes deducted or withheld. Notwithstanding the preceding sentences of this Section 6(k), any withholding or deduction of the Taxes
in respect of payments under the Notes (as opposed to amounts to be received by the Initial Purchasers, the Dealer Managers or the Holders under this Agreement) shall be subject to the gross-up provisions of the Notes and the Indenture. 

(l) Judgment Currency. To the fullest extent permitted by applicable law, the Issuer and the Guarantors shall indemnify the
Initial Purchasers, the Dealer Managers and the Holders against any loss incurred by them as a result of any judgment or order against the Issuer or any of the Guarantors being given or made and expressed and paid in a currency (“Judgment
Currency”) other than U.S. dollars and as a result of any variation as between (i) the rate of exchange at which the U.S. dollar amount is converted into the Judgment Currency for the purpose of such judgment or order and (ii) the
spot rate of exchange in New York, New York at which the Initial Purchasers and/or the Dealer Managers on the date of payment of such judgment or order are able to purchase U.S. dollars with the amount of the Judgment Currency actually received by
the Initial Purchasers and/or the Dealer Managers. The foregoing indemnity shall constitute a separate and independent obligation of the Issuer and the Guarantors and shall continue in full force and effect notwithstanding any such judgment or order
as aforesaid. The term “spot rate of exchange” shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, U.S. dollars. 

(m) Headings. The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not
limit or otherwise affect the meaning hereof. 
 (n) Severability. The remedies provided herein are cumulative and not
exclusive of any remedies provided by law. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their reasonable best efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms,
provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable. 
 (o) Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 

(p) Miscellaneous. This Agreement contains the entire agreement between the parties relating to the subject matter hereof and
supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained in this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable or against public
policy, the remainder of the terms, provisions, covenants and restrictions 

  
 22 

 
contained herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated. The Issuer and the Guarantors, on the one hand, and the Initial Purchasers and
Dealer Managers, on the other hand, shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, void or
unenforceable provisions. 
 (q) Waiver of Jersey Law Customary Rights. Each of the Issuer and each Guarantor irrevocably
and unconditionally waives such right as it may have or claim under Jersey law (i) whether by virtue of the droit de discussion or otherwise to require that recourse be had to the assets of any other person before any claim is enforced
against it under this Agreement in respect of the obligations assumed by it under this Agreement; and (ii) whether by virtue of the droit de division or otherwise to require that any liability under this Agreement be divided or
apportioned with any other person or reduced in any manner whatsoever. 
 [Signature page follows] 

  
 23 

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

			
	Very truly yours,
	
	WPP FINANCE 2010
		
	By:	 	/s/ Paul Delaney
	Name:	 	Paul Delaney
	Title:	 	Director
	
	WPP PLC
		
	By:	 	/s/ Paul Delaney
	Name:	 	Paul Delaney
	Title:	 	 Authorised Person, pursuant to written resolutions of the Finance Committee dated September 18, 2011

	
	WPP 2005 LIMITED
		
	By:	 	/s/ Paul Delaney
	Name:	 	Paul Delaney
	Title:	 	Director
	
	WPP AIR 1 LIMITED
		
	By:	 	/s/ Paul Delaney
	Name:	 	Paul Delaney
	Title:	 	Attorney, pursuant to power of attorney dated September 7, 2011
	
	WPP 2008 LIMITED
		
	By:	 	/s/ Paul Delaney
	Name:	 	Paul Delaney
	Title:	 	Director

  
 24 

 Accepted and agreed as of the date 
 first written above 
  

			
	BARCLAYS CAPITAL INC.
		
	By	 	/s/ Pamela Kendall
	Name:	 	Pamela Kendall
	Title:	 	Director
	
	HSBC SECURITIES (USA) INC. 
		
	By	 	/s/ Diane M. Kenna
	Name:	 	Diane M. Kenna
	Title:	 	Senior Vice President
	
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
		
	By	 	/s/ Joseph A. Crowley
	Name:	 	Joseph A. Crowley
	Title:	 	Director
	
	RBS SECURITIES INC.
		
	By	 	/s/ Thomas Bausano
	Name:	 	Thomas Bausano
	Title:	 	Managing Director
	
	BNP PARIBAS SECURITIES CORP.
		
	By	 	/s/ Jim Turner
	Name:	 	Jim Turner
	Title:	 	Managing Director
		 	Debt Capital Markets

  
 25 

			
	 CITIGROUP GLOBAL MARKETS INC.

		
	By	 	/s/ Brian Bednarski
	Name:	 	Brian Bednarski
	Title:	 	Managing Director

 For themselves as Initial Purchasers and 
 as Representatives of the other Initial Purchasers. 

  
 26 

			
	BARCLAYS CAPITAL INC.
		
	By	 	/s/ Pamela Kendall
	Name:	 	Pamela Kendall
	Title:	 	Director
	
	 HSBC SECURITIES (USA) INC. 

		
	By	 	/s/ Diane M. Kenna
	Name:	 	Diane M. Kenna
	Title:	 	Senior Vice President
	
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
		
	By	 	/s/ Joseph A. Crowley
	Name:	 	Joseph A. Crowley
	Title:	 	Director
	
	RBS SECURITIES INC.
		
	By	 	/s/ Thomas Bausano
	Name:	 	Thomas Bausano
	Title:	 	Managing Director

 For themselves as Dealer Managers. 

  
 27

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