Document:

EX-10.2

 Exhibit 10.2 

INTERCREDITOR AGREEMENT 
 among

 Garrett Motion Inc. 
 as
Holdings, 
 Garrett LX I S.à r.l 

as Lux Notes Issuer, 
 Garrett LX
II S.à r.l 
 as LuxCo 2, 

Garrett LX III S.à r.l 
 as
Lux Borrower, 
 Honeywell Technologies Sàrl 

as Swiss Borrower, 
 Garrett
Borrowing LLC 
 as US Co-Borrower and as US Co-Notes Issuer,

 the other Debtors and Grantors party hereto, 

JPMorgan Chase Bank, N.A. 
 as
Senior Secured Administrative Agent, Senior Secured Collateral Agent and a Senior Priority 
 Representative for the Senior Secured Credit
Agreement Secured Parties, 
 Deutsche Trustee Company Limited 

as Senior Subordinated Notes Trustee and a Senior Subordinated Priority Representative for the Senior 

Subordinated Notes Secured Parties, 

Deutsche Bank AG, London Branch 

as Senior Subordinated Collateral Agent for the Senior Subordinated Notes Secured Parties, 

the Intra-Group Lenders from time to time party hereto, 

Honeywell ASASCO 2, Inc. 
 as
Honeywell Indemnitee, 
 and 

each additional Representative from time to time party hereto, 

dated as of September 27, 2018 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	ARTICLE 1	  

	DEFINITIONS	  

		
	 SECTION 1.01. Certain Defined Terms
	  	 	1	 
	 SECTION 1.02. Terms Generally
	  	 	26	 
		
	ARTICLE 2	  	 	 
	PRIORITIES AND AGREEMENTS WITH RESPECT TO COLLATERAL AND GUARANTEES	  	 	 
		
	 SECTION 2.01. Subordination: Common Senior Priority/Second Priority Collateral and
Guarantees
	  	 	27	 
	 SECTION 2.02. Subordination: Common Collateral and Guarantees
	  	 	28	 
	 SECTION 2.03. Nature of Senior Lender Claims
	  	 	28	 
	 SECTION 2.04. Prohibition on Contesting Liens
	  	 	29	 
	 SECTION 2.05. No New Liens
	  	 	30	 
	 SECTION 2.06. Perfection of Liens
	  	 	31	 
	 SECTION 2.07. Certain Collateral
	  	 	31	 
	 SECTION 2.08. Prohibition on Proceeds Loan Liens and Guarantees
	  	 	31	 
	
	ARTICLE 3	  

	ENFORCEMENT	  

		
	 SECTION 3.01. Exercise of Remedies
	  	 	32	 
	 SECTION 3.02. Cooperation
	  	 	38	 
	 SECTION 3.03. Actions upon Breach
	  	 	38	 
	 SECTION 3.04. Appointment of the Designated Senior Priority Representative
	  	 	39	 
	 SECTION 3.05. Appointment of the Designated Second Priority Representative
	  	 	39	 
	 SECTION 3.06. Appointment of the Designated Senior Subordinated Priority Representative
	  	 	40	 
		
	ARTICLE 4	  			
	PAYMENTS	  			
		
	 SECTION 4.01. Application of Proceeds
	  	 	40	 
	 SECTION 4.02. Payments Over
	  	 	41	 
	 SECTION 4.03. Second Priority Payment Stop Notices and Automatic Block Events
	  	 	42	 
	 SECTION 4.04. Senior Subordinated Payment Stop Notices and Automatic Blocking Events
	  	 	44	 
	
	ARTICLE 5	  

	OTHER AGREEMENTS	  

		
	 SECTION 5.01. Releases
	  	 	47	 
	 SECTION 5.02. Insurance and Condemnation Awards
	  	 	53	 
	 SECTION 5.03. Certain Amendments
	  	 	54	 
	 SECTION 5.04. Rights as Unsecured Creditors
	  	 	56	 
	 SECTION 5.05. Gratuitous Bailee for Perfection
	  	 	57	 

  
 i 

					
	 SECTION 5.06. When Discharge of Obligations Deemed to Not Have Occurred
	  	 	59	 
	 SECTION 5.07. Purchase Right
	  	 	60	 
	 SECTION 5.08. Proceeds Loans and Honeywell Indemnity Agreement
	  	 	61	 
	 SECTION 5.09. Hedging
	  	 	62	 
	 SECTION 5.10. Cash Management
	  	 	66	 
	 SECTION 5.11. Senior Secured Parallel Debt
	  	 	67	 
	 SECTION 5.12. Second Priority Parallel Debt
	  	 	67	 
	
	ARTICLE 6	  

	INSOLVENCY OR LIQUIDATION PROCEEDINGS	  

		
	 Solely with respect to the U.S. Debtors the following provisions shall govern:
	  	 	68	 
	 SECTION 6.01. Financing and Sale Issues
	  	 	69	 
	 SECTION 6.02. Relief from the Automatic Stay
	  	 	70	 
	 SECTION 6.03. Adequate Protection
	  	 	71	 
	 SECTION 6.04. Preference Issues
	  	 	71	 
	 SECTION 6.05. Separate Grants of Security and Separate Classifications
	  	 	72	 
	 SECTION 6.06. No Waivers of Rights of Senior Priority Secured Parties
	  	 	72	 
	 SECTION 6.07. Application
	  	 	73	 
	 SECTION 6.08. Other Matters
	  	 	73	 
	 SECTION 6.09. 506(c) Claims
	  	 	73	 
	 SECTION 6.10. Reorganization Securities
	  	 	73	 
	 SECTION 6.11. Voting
	  	 	74	 
	 SECTION 6.12. Section 1111(b) of the Bankruptcy Code
	  	 	74	 
	 SECTION 6.13. Post-Petition Interest
	  	 	74	 
	 SECTION 6.14. Debt Subordination under the Corporations Act
	  	 	74	 
		
	ARTICLE 7	  			
	RELIANCE; ETC.	  			
		
	 SECTION 7.01. Reliance
	  	 	74	 
	 SECTION 7.02. No Warranties or Liability
	  	 	75	 
	 SECTION 7.03. Obligations Unconditional
	  	 	75	 
		
	ARTICLE 8	  			
	RESTRICTIONS APPLICABLE TO INTRA-GROUP INDEBTEDNESS	  			
		
	 SECTION 8.01. Subordination of Intra-Group Indebtedness
	  	 	76	 
	 SECTION 8.02. Restriction on Payment
	  	 	76	 
	 SECTION 8.03. Restriction on Enforcement
	  	 	76	 
	 SECTION 8.04. Permitted Enforcement
	  	 	76	 
	 SECTION 8.05. Turnover in Respect of Intra-Group Indebtedness
	  	 	77	 
	 SECTION 8.06. Notice and Acknowledgement of Collateral
	  	 	77	 

  
 ii 

					
	ARTICLE 9	  	 	 
		
	[Reserved]	  	 	 
		
	ARTICLE 10	  	 	 
	ADDITIONAL PROVISIONS REGARDING NON-U.S. INSOLVENCY OR LIQUIDATION PROCEEDING	  	 	 
		
	 SECTION 10.01. Payment of Distributions
	  	 	77	 
	 SECTION 10.02. Set-Off
	  	 	78	 
	 SECTION 10.03. Filing of Claims
	  	 	78	 
	 SECTION 10.04. Creditors’ Actions
	  	 	78	 
	 SECTION 10.05. Collateral Agent Instructions
	  	 	78	 
	 SECTION 10.06. Australian PPSA
	  	 	79	 
	
	ARTICLE 11	  

	ADDITIONAL PROVISIONS REGARDING ENFORCEMENT	  

	OF NON-U.S. COLLATERAL	 
		
	 SECTION 11.01. Consultation Period
	  	 	79	 
	
	ARTICLE 12	 
	AGREEMENT SOLELY AMONG THE SENIOR PRIORITY SECURED PARTIES	 
		
	 SECTION 12.01. Priority of claims
	  	 	80	 
	 SECTION 12.02. Equal Priority of Liens and Prohibition on Contesting Liens
	  	 	81	 
	 SECTION 12.03. Equalization
	  	 	81	 
	 SECTION 12.04. Payment Over
	  	 	83	 
	 SECTION 12.05. Automatic Release of Liens
	  	 	84	 
	 SECTION 12.06. Gratuitous Bailee for Perfection
	  	 	84	 
	 SECTION 12.07. Impairments
	  	 	84	 
	 SECTION 12.08. Certain Agreements with Respect to DIP Financing in any Insolvency or Liquidation
Proceeding
	  	 	85	 
	
	ARTICLE 13	 
	AGREEMENT SOLELY AMONG THE SECOND PRIORITY SECURED PARTIES	 
		
	 SECTION 13.01. Priority of claims
	  	 	86	 
	 SECTION 13.02. Equal Priority of Liens and Prohibition on Contesting Liens
	  	 	87	 
	 SECTION 13.03. Payment Over
	  	 	87	 
	 SECTION 13.04. Automatic Release of Liens
	  	 	87	 
	 SECTION 13.05. Gratuitous Bailee for Perfection
	  	 	88	 
	 SECTION 13.06. Impairments
	  	 	88	 
	 SECTION 13.07. Certain Agreements with Respect to DIP Financing in any Insolvency or Liquidation
Proceeding
	  	 	89	 
	
	ARTICLE 14	 
	AGREEMENT SOLELY AMONG THE SENIOR SUBORDINATED PRIORITY PARTIES	 
		
	 SECTION 14.01. Priority of claims
	  	 	90	 

  
 iii 

			
	 SECTION 14.02. Equal Priority of Liens and Prohibition on Contesting Liens
	  	91
	 SECTION 14.03. Payment Over
	  	91
	 SECTION 14.04. Automatic Release of Liens
	  	92
	 SECTION 14.05. Gratuitous Bailee for Perfection
	  	92
	 SECTION 14.06. Impairments
	  	93
	 SECTION 14.07. Certain Agreements with Respect to DIP Financing in any Insolvency or Liquidation
Proceeding
	  	93
	
	ARTICLE 15
	MISCELLANEOUS
		
	 SECTION 15.01. Conflicts
	  	94
	 SECTION 15.02. Continuing Nature of This Agreement; Severability
	  	94
	 SECTION 15.03. Amendments; Waivers
	  	95
	 SECTION 15.04. Information Concerning Financial Condition of Holdings, the Borrowers and the
Subsidiaries
	  	95
	 SECTION 15.05. Subrogation
	  	96
	 SECTION 15.06. Application of Payments
	  	96
	 SECTION 15.07. Change of Grantors and Debtors
	  	96
	 SECTION 15.08. Dealings with Debtors
	  	98
	 SECTION 15.09. Additional Debt Facilities
	  	99
	 SECTION 15.10. Consent to Jurisdiction; Waivers
	  	101
	 SECTION 15.11. Notices
	  	101
	 SECTION 15.12. Further Assurances
	  	103
	 SECTION 15.13. Governing Law; Waiver of Jury Trial
	  	103
	 SECTION 15.14. Binding on Successors and Assigns
	  	103
	 SECTION 15.15. Section Titles
	  	103
	 SECTION 15.16. Counterparts
	  	103
	 SECTION 15.17. Authorization
	  	104
	 SECTION 15.18. No Third-Party Beneficiaries; Successors and Assigns
	  	104
	 SECTION 15.19. Effectiveness
	  	104
	 SECTION 15.20. Senior Secured Administrative Agents and Representatives
	  	104
	 SECTION 15.21. Relative Rights
	  	104
	 SECTION 15.22. Foreign Collateral
	  	105
	 SECTION 15.23. Survival of Agreement
	  	105
	 SECTION 15.24. Additional Agreements with respect to Designated Representatives
	  	105
	 SECTION 15.25. Notes Trustee Turnover Obligations
	  	107
	 SECTION 15.26. Intra-Group Lender Joinder Agreement
	  	107
	 SECTION 15.27. Honeywell Indemnitee Joinder Agreement
	  	108
	 SECTION 15.28. Secured Hedge Counterparty Joinder Agreement
	  	108
	 SECTION 15.29. Cash Management Provider Joinder Agreement
	  	108
	 SECTION 15.30. Appointment of Senior Secured Collateral Agent
	  	109
	 SECTION 15.31. Administrator Appointed to Australian Grantor
	  	109
	 SECTION 15.32. Appointment of the Designated Senior Priority Representative and the Designated
Second Priority Representative (Italy)
	  	110
	 SECTION 15.33. Senior Subordinated Notes Trustee’s and Senior Subordinated Collateral
Agent’s rights
	  	111
	 SECTION 15.34. Acknowledgement and Consent to Bail-In of
EEA Financial Institutions
	  	111

  
 iv 

			
	 Annex I
	  	 Form of Joinder Agreement (Change of Grantors and Debtors)

	 Annex II
	  	 Form of Joinder Agreement (Second Priority Class Debt Representative)

	Annex III	  	Form of Joinder Agreement (Senior Priority Class Debt Representative)
	 Annex IV
	  	 Form of Joinder Agreement (Senior Subordinated Priority Class Debt
Representative)

	 Annex V
	  	 Form of Joinder Agreement (Intra-Group Lender)

	 Annex VI
	  	 Form of Debtor Resignation Request

	 Annex VII
	  	 Form of Joinder Agreement (Honeywell Indemnitee)

	 Annex VIII
	  	 Form of Joinder Agreement (Secured Hedge Counterparty)

	 Annex IX
	  	 Form of Joinder Agreement (Cash Management Provider)

 INTERCREDITOR AGREEMENT dated as of September 27, 2018 (this “Agreement”), among Garrett
Motion Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg
with registered office at 19, rue de Bitbourg, L-1273 Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B225642 (the “Lux Notes Issuer”), Garrett LX
II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg with registered office at 19, rue de Bitbourg,
L-1273 Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B225679 ( “LuxCo 2”), Garrett LX III S.à r.l., a société à
responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg with registered office at 19, rue de Bitbourg, L-1273 Luxembourg and registered with the
Luxembourg Register of Commerce and Companies under number B225716 (the “Lux Borrower”), Honeywell Technologies Sàrl, a Swiss limited liability company (société à responsabilité
limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its capacity as US co-borrower (the “US
Co-Borrower”) and as a co-issuer of the Notes (“US Co-Notes Issuer”) (US
Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other Grantors (as defined below) party hereto, JPMorgan Chase Bank, N.A.
(“JPMCB”), as Representative for the Senior Secured Credit Agreement Secured Parties (in such capacity and together with its successors in such capacity, the “Senior Secured Administrative Agent”, and
“Senior Secured Collateral Agent”) and as a Senior Priority Representative, Deutsche Trustee Company Limited, as Representative for the Senior Subordinated Notes Secured Parties (in such capacity and together with its successors in
such capacity, the “Senior Subordinated Notes Trustee” and a Senior Subordinated Priority Representative), Deutsche Bank AG, London Branch, as the Senior Subordinated Collateral Agent (in such capacity and together with its
successors in such capacity, the “Senior Subordinated Collateral Agent” and a Senior Subordinated Priority Representative), Honeywell ASASCO 2, Inc., a Delaware corporation (“Honeywell”), as the Honeywell Indemnitee
(as defined below), any Intra-Group Lenders and each additional Representative that from time to time becomes a party hereto pursuant to Section 15.09. 

In consideration of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Senior Secured Administrative Agent (for itself and on behalf of the Senior Secured Credit Agreement Secured Parties), and each additional Senior Priority Representative (for itself and on behalf of the Additional Senior
Secured Parties under the applicable Additional Senior Priority Debt Facility), each Second Priority Representative (for itself and on behalf of the Second Priority Secured Parties under the applicable Second Priority Debt Facility), the Senior
Subordinated Notes Trustee (for itself and on behalf of the Senior Subordinated Notes Secured Parties), each additional Senior Subordinated Priority Representative (for itself and on behalf of the Additional Senior Subordinated Parties under the
applicable Additional Senior Subordinated Priority Debt Facility) and the Honeywell Indemnitee agree as follows: 
  

  
 v 

 ARTICLE 1 

DEFINITIONS 

SECTION 1.01. Certain Defined Terms. 

Capitalized terms used but not otherwise defined herein have the meanings set forth in the Senior Secured Credit Agreement as in force as at
the date of this Agreement or, if defined in the UCC, Australian PPSA or Australian Corporations Act, the meanings specified therein. As used in this Agreement, the following terms have the meanings specified below: 

“1992 ISDA Master Agreement” means the Master Agreement (Multicurrency - Cross Border) as published by the International
Swaps and Derivatives Association, Inc. 
 “2002 ISDA Master Agreement” means the 2002 Master Agreement as published by the
International Swaps and Derivatives Association, Inc. 
 “Acceleration Event” means (i) a Senior Priority
Representative (or any other holder of Senior Priority Obligations) exercising any acceleration right (however described) to demand repayment of any Senior Priority Obligations or any acceleration provision (however described) being automatically
invoked without any judicial or extrajudicial step, in each case, under the Senior Priority Debt Documents relating to the Senior Priority Obligations (a “Senior Acceleration Event”), (ii) a Second Priority Representative (or any
other holder of Second Priority Debt Obligations) exercising any acceleration right (however described) to demand repayment of any Second Priority Debt Obligations or any acceleration provision (however described) being automatically invoked without
any judicial or extrajudicial step, in each case, under the Second Priority Debt Documents relating to the Second Priority Debt Obligations (a “Second Priority Acceleration Event”), and/or (iii) a Senior Subordinated Priority
Representative (or any other holder of Senior Subordinated Priority Debt Obligations) exercising any acceleration right (however described) to demand repayment of any Senior Subordinated Priority Debt Obligations or any acceleration provision
(however described) being automatically invoked without any judicial or extrajudicial step, in each case, under the Senior Subordinated Priority Debt Documents relating to the Senior Subordinated Priority Debt Obligations (a “Senior
Subordinated Acceleration Event”). 
 “Additional Senior Priority Debt” means any Indebtedness that is issued or
guaranteed by the Borrowers, Holdings and/or any other Guarantor (other than Indebtedness constituting Senior Secured Credit Agreement Obligations or TLB Proceeds Loan Obligations relating to the Senior Secured Credit Agreement Obligations) which
Indebtedness and guarantees are secured by Liens on the Senior Priority Collateral (or a portion thereof) having the same priority (but without regard to control of remedies) as the Liens securing the Senior Secured Credit Agreement Obligations and
any other Senior Priority Obligations; provided, however, that (i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each then extant Senior Priority Debt Document and Non-Senior Priority Debt Document and (ii) the Representative for the holders of such Indebtedness shall have become party to this Agreement pursuant to, and by satisfying the conditions set forth in,
Section 15.09 hereof. Additional Senior Priority Debt shall include any Registered Equivalent Notes and guarantees thereof by the Grantors issued in exchange therefor. 

“Additional Senior Priority Debt Documents” means, with respect to any series, issue or class of Additional Senior Priority
Debt, the promissory notes, credit agreements, loan agreements, indentures, or other operative agreements evidencing or governing such Indebtedness or the Liens securing such Indebtedness, including the Senior Priority Collateral Documents. 

  
 1 

 “Additional Senior Priority Debt Facility” means each credit agreement,
loan agreement, note purchase agreement, indenture or other governing agreement with respect to any Additional Senior Priority Debt. 

“Additional Senior Priority Obligations” means, with respect to any series, issue or class of Additional Senior Priority
Debt, (a) all principal of, and premium and interest, fees, and expenses (including, without limitation, any interest, fees or expenses which accrue after the commencement of any Insolvency or Liquidation Proceeding or which would accrue but
for the operation of Bankruptcy Laws, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to such Additional Senior Priority Debt, (b) all other amounts payable to the related Additional Senior Secured
Parties under the related Additional Senior Priority Debt Documents and (c) any renewals or extensions of the foregoing that are not prohibited by each then extant Senior Priority Debt Document and
Non-Senior Priority Debt Document. 
 “Additional Senior Secured Parties” means,
with respect to any series, issue or class of Additional Senior Priority Debt, the holders of such Indebtedness or any other Additional Senior Priority Obligation, the Representative with respect thereto, any trustee or agent therefor under any
related Additional Senior Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by a Borrower or any Guarantor under any related Additional Senior Priority Debt Documents. 

“Additional Senior Subordinated Priority Debt” means any Indebtedness that is issued or guaranteed by the Borrowers, Holdings
and/or any other Guarantor (other than Indebtedness constituting Senior Subordinated Notes Indenture Obligations or HY Proceeds Loan Obligations relating to the Senior Subordinated Notes Indenture) which Indebtedness and guarantees: (A) are
secured by Liens on the Senior Subordinated Priority Collateral (or a portion thereof) having the same priority (but without regard to control of remedies) as the Liens securing the Senior Subordinated Notes Indenture Obligations and any other
Senior Subordinated Priority Debt Obligations, or (B) are unsecured; provided, however, that (i) such Indebtedness is permitted to be incurred, secured and/or guaranteed (as applicable) on such basis by each then extant
Senior Priority Debt Document and Non-Senior Priority Debt Document and (ii) the Representative for the holders of such Indebtedness shall have become party to this Agreement pursuant to, and by
satisfying the conditions set forth in, Section 15.09 hereof. Additional Senior Subordinated Priority Debt shall include any Registered Equivalent Notes and guarantees thereof by the Grantors issued in exchange therefor. 

“Additional Senior Subordinated Priority Debt Documents” means, with respect to any series, issue or class of Additional
Senior Subordinated Priority Debt, the promissory notes, credit agreements, loan agreements, indentures, or other operative agreements evidencing or governing such Indebtedness or the Liens securing such Indebtedness, including the Senior
Subordinated Priority Collateral Documents. 
 “Additional Senior Subordinated Priority Debt Facility” means each credit
agreement, loan agreement, note purchase agreement, indenture or other governing agreement with respect to any Additional Senior Subordinated Priority Debt. 

“Additional Senior Subordinated Priority Debt Obligations” means, with respect to any series, issue or class of Additional
Senior Subordinated Priority Debt, (a) all principal of, and premium and interest, fees, and expenses (including, without limitation, any interest, fees or expenses which accrue after the commencement of any Insolvency or Liquidation Proceeding
or which would accrue but for the operation of Bankruptcy Laws, whether or not allowed or allowable as a claim in any such proceeding) 

  
 2 

 
payable with respect to such Additional Senior Subordinated Priority Debt, (b) all other amounts payable to the related Additional Senior Subordinated Parties under the related Additional
Senior Subordinated Priority Debt Documents and (c) any renewals or extensions of the foregoing that are not prohibited by each then extant Senior Priority Debt Document and Non-Senior Priority Debt
Document. 
 “Additional Senior Subordinated Parties” means, with respect to any series, issue or class of Additional
Senior Subordinated Priority Debt, the holders of such Indebtedness or any other Additional Senior Subordinated Priority Debt Obligation, the Representative with respect thereto, any trustee or agent therefor under any related Additional Senior
Subordinated Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by a Borrower or any Guarantor under any related Additional Senior Subordinated Priority Debt Documents. 

“Affiliate” has the meaning assigned to such term in the Senior Secured Credit Agreement. 

“Agreement” has the meaning assigned to such term in the introductory paragraph of this Agreement. 

“Applicable Designated Representative” means (i) prior to the Discharge of Senior Priority Obligations, the Designated
Senior Priority Representative, (ii) after the Discharge of Senior Priority Obligations but prior to the Discharge of Second Priority Debt Obligations, the Designated Second Priority Representative and (iii) after (x) the Discharge of
Senior Priority Obligations and (y) the Discharge of Second Priority Debt Obligations, but prior to the Discharge of Senior Subordinated Priority Debt Obligations, the Designated Senior Subordinated Priority Representative. 

“Applicable Secured Parties” means (a) the Majority Senior Priority Secured Parties or, (b) after the Discharge of
Senior Priority Obligations or to the extent the Designated Second Priority Representative is permitted to enforce or require the enforcement of the Collateral prior to the Discharge of Senior Priority Obligations under Section 3.01, the
Majority Second Priority Secured Parties, or (c) after the Discharge of Senior Priority Obligations and the Discharge of Second Priority Debt Obligations or to the extent the Designated Senior Subordinated Priority Representative is permitted
to enforce or require the enforcement of the Collateral prior to the Discharge of Senior Priority Obligations and the Discharge of Second Priority Debt Obligations under Section 3.01, the Majority Senior Subordinated Priority Secured Parties.

 “Australian Corporations Act” means the Corporations Act 2001 (Cth) of Australia. 

“Australian PPSA” means Personal Property Securities Act 2009 (Cth) and any regulations in force at any time under the PPSA,
including the Personal Property Securities Regulations 2010 (Cth). 
 “Automatic Early Termination” means the termination
or close-out of any hedging transaction prior to the maturity of that hedging transaction which is brought about automatically by the terms of the relevant Secured Hedge Agreement and without any party to the
relevant Secured Hedge Agreement taking any action to terminate that hedging transaction. 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 

  
 3 

 “Bankruptcy Code” means Title 11 of the United States Code, as
amended. 
 “Bankruptcy Laws” means the Bankruptcy Code and any other liquidation, conservatorship, bankruptcy, assignment
for the benefit of creditors, moratorium, rearrangement, administration, receivership, insolvency, reorganization, examinership, concurso mercantil, quiebra, or similar debtor relief laws of the United States, England and Wales, Luxembourg,
Switzerland, Ireland or other applicable jurisdictions from time to time in effect. 
 “Borrowers” has the meaning assigned
to such term in the introductory paragraph of this Agreement. 
 “Cash Collateral” has the meaning assigned to such term in
Section 2.07. 
 “Cash Management Agreement” means any agreement evidencing Cash Management Obligations. 

“Cash Management Obligations” has the meaning assigned to the term “Secured Cash Management Obligations” in the
Senior Secured Credit Agreement as in force as at the date of this Agreement. 
 “Cash Management Provider” means each
Senior Priority Secured Party in its capacity as a party to a Cash Management Agreement under which it is owed Cash Management Obligations and which is a party to this Agreement as at the date hereof or becomes a party to this Agreement as a Cash
Management Provider pursuant to a Cash Management Provider Joinder Agreement. 
 “Cash Management Provider Joinder
Agreement” means a supplement to this Agreement entered into by a Cash Management Provider, substantially in the form of Annex IX hereto or such other form as shall be approved by the Applicable Designated Representative. 

“Class Debt” has the meaning assigned to such term in Section 15.09(a). 

“Class Debt Parties” has the meaning assigned to such term in Section 15.09(a). 

“Class Debt Representatives” has the meaning assigned to such term in Section 15.09(a). 

“Close-Out Netting” means: (a) in respect of a Secured Hedge Agreement based on
a 1992 ISDA Master Agreement, any step involved in determining the amount payable in respect of an Early Termination Date (as defined in the 1992 ISDA Master Agreement) under section 6(e) (Payments on Early Termination) of the 1992 ISDA
Master Agreement before the application of any subsequent Set-off (as defined in the 1992 ISDA Master Agreement); (b) in respect of a Secured Hedge Agreement based on a 2002 ISDA Master Agreement, any step
involved in determining an Early Termination Amount (as defined in the 2002 ISDA Master Agreement) under section 6(e) (Payments on Early Termination) of the 2002 ISDA Master Agreement; and (c) in respect of a Secured Hedge Agreement not
based on an ISDA Master Agreement, any step involved on a termination of the hedging transactions under that Secured Hedge Agreement pursuant to any provision of that Secured Hedge Agreement which has a similar effect to either provision referenced
in paragraph (a) and paragraph (b) above. 
 “Closing Date” means September 27, 2018. 

“Collateral” means the Senior Priority Collateral, the Second Priority Collateral and the Senior Subordinated Priority
Collateral. 

  
 4 

 “Collateral Documents” means the Senior Priority Collateral Documents, the
Second Priority Collateral Documents and the Senior Subordinated Priority Collateral Documents. 
 “Collateral Enforcement
Action” means any action to: 
 (a) appropriate, foreclose, execute, levy, or collect on, take possession or control
of, sell or otherwise realize upon (judicially or non-judicially), or lease, license, or otherwise dispose of (whether publicly or privately) Collateral, or otherwise exercise or enforce remedial rights with
respect to Collateral under the Senior Priority Debt Documents or the Non-Senior Priority Debt Documents (including by way of setoff, recoupment, notification of a public or private sale or other disposition
pursuant to the UCC, Australian Corporations Act or other applicable law, notification to account debtors, notification to depositary banks under deposit account control agreements, or exercise of rights under landlord consents, if applicable); 

(b) solicit bids from third Persons, approve bid procedures for any proposed disposition of Collateral, conduct the liquidation
or disposition of Collateral or engage or retain sales brokers, marketing agents, investment bankers, accountants, appraisers, auctioneers, or other third Persons for the purposes of valuing, marketing, promoting, and selling Collateral; 

(c) receive a transfer of Collateral in satisfaction of Indebtedness or any other Secured Obligation secured thereby; 

(d) otherwise enforce a security interest or exercise another right or remedy, as a secured creditor or otherwise, pertaining
to the Collateral at law, in equity, or pursuant to the Senior Priority Debt Documents or Non-Senior Priority Debt Documents (including the commencement of applicable legal proceedings or other actions with
respect to all or any portion of the Collateral to facilitate the actions described in the preceding clauses, and exercising voting rights in respect of equity interests comprising Collateral); or 

(e) effectuate or cause the Disposition of Collateral by any Grantor after the occurrence and during the continuation of an
event of default under any of the Senior Priority Debt Documents or the Non-Senior Priority Debt Documents with the consent of the Designated Senior Priority Representative or Designated Second Priority
Representative or Designated Senior Subordinated Priority Representative, as applicable (in each case, to the extent such consent is required), in each case, in connection with good faith efforts by the Designated Senior Priority Representative or
Designated Second Priority Representative or Designated Senior Subordinated Priority Representative, as the case may be, to collect the Senior Priority Obligations or Second Priority Debt Obligations or Senior Subordinated Priority Debt Obligations,
as applicable, through the Disposition of such Collateral. 
 “Common Collateral” means, at any time, Collateral in which
(i) the holders of Senior Priority Obligations under at least one Senior Priority Debt Facility (or their Representatives) and/or the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their
Representatives) and (ii) the holders of Senior Subordinated Priority Debt Obligations under at least one Senior Subordinated Priority Debt Facility (or their Representatives) hold a security interest at such time (or, in the case of the Senior
Priority Debt Facilities and/or the Second Priority Debt Facilities, are deemed pursuant to Article 2 to hold a security interest). If, at any time, any portion of the Senior Priority Collateral under one or more Senior Priority Debt Facilities
and/or Second Priority Collateral under one or more Second Priority Debt Facilities does not constitute Senior Subordinated Priority Collateral under one or more Senior Subordinated Priority Debt Facilities, then such portion of such Senior Priority
Collateral and/or Second Priority Collateral shall constitute Common Collateral only with respect to the 

  
 5 

 
Senior Subordinated Priority Debt Facilities for which it constitutes Senior Subordinated Priority Collateral and shall not constitute Common Collateral for any Senior Subordinated Priority Debt
Facility which does not have a security interest in such Senior Priority Collateral and/or Second Priority Collateral (as applicable) at such time. 

“Common Guarantor” has the meaning assigned to such term in Section 2.02. 

“Common Senior Priority/Second Priority Collateral” means, at any time, Collateral in which the holders of Senior Priority
Obligations under at least one Senior Priority Debt Facility (or their Representatives) and the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their Representatives) hold a security interest at such
time (or, in the case of the Senior Priority Debt Facilities, are deemed pursuant to Article 2 to hold a security interest). If, at any time, any portion of the Senior Priority Collateral under one or more Senior Priority Debt Facilities does
not constitute Second Priority Collateral under one or more Second Priority Debt Facilities, then such portion of such Senior Priority Collateral shall constitute Common Senior Priority/Second Priority Collateral only with respect to the Second
Priority Debt Facilities for which it constitutes Second Priority Collateral and shall not constitute Common Senior Priority/Second Priority Collateral for any Second Priority Debt Facility which does not have a security interest in such Senior
Priority Collateral at such time. 
 “Common Senior Priority/Second Priority Guarantor” has the meaning assigned to such
term in Section 2.01. 
 “Consultation Period” has the meaning assigned to such term in Section 11.01(a). 

“Copyrights” means all United States and foreign (a) copyrights, rights in works of authorship, mask works and
integrated circuit designs and other rights subject to the copyright laws of the United States, or of any other country or any group of countries, including copyrights and other rights in software, data, databases, Internet web sites and the
proprietary content thereof, (b) registrations, renewals, rights of reversion, extensions, supplemental registrations, recordings and applications for registration of any of the foregoing in the United States or any other country, including
registrations, recordings, supplemental registrations and pending applications for registration in the United States Copyright Office, and (c) rights to obtain all renewals, reversions and extensions thereof. 

“Creditors” means the Secured Parties, the HY Proceeds Loan Creditor, the Additional Senior Subordinated Parties and the
Intra-Group Lenders. 
 “Debt Disposal” means any disposal of any Disposal Obligations pursuant to
Section 5.01(a)(iii). 
 “Debt Document” means each of this Agreement, the Senior Priority Debt Documents, any Second
Priority Debt Documents, the Senior Subordinated Priority Debt Documents, the Senior Priority Collateral Documents, any Second Priority Collateral Documents, the Senior Subordinated Priority Collateral Documents and any Intra-Group Document. 

“Debt Facility” means any Senior Priority Debt Facility, any Second Priority Debt Facility and any Senior Subordinated
Priority Debt Facility. 
 “Debt Purchase Transaction” means, in relation to a Person, a transaction where such Person:
(a) purchases by way of assignment or transfer; (b) enters into any participation or sub-participation in respect of; or (c) enters into any other agreement or arrangement having an economic
effect substantially similar to a sub-participation in respect of, any commitment or amount outstanding under any Debt Document. 

  
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 “Debtor” means each Grantor, each Guarantor and each member of the Group
which (a) is named on the signing pages as a Debtor or (b) becomes a party to this Agreement as a Debtor in accordance with the terms of Section 15.07. 

“Debtor Resignation Request” means a notice substantially in the form set out in Annex VI. 

“Designated Second Priority Representative” means the Second Priority Representative designated from time to time by the
Major Second Priority Representative in a written notice to the Designated Senior Priority Representative (if any), the Designated Senior Subordinated Priority Representative (if any), the other Second Priority Representatives, and the Debtors
hereunder, as the “Designated Second Priority Representative” for purposes hereof. 
 “Designated Senior Priority
Representative” means the Senior Priority Representative designated from time to time by the Major Senior Priority Representative in a written notice to the Designated Second Priority Representative (if any), the Designated Senior
Subordinated Priority Representative (if any), the other Senior Priority Representatives, and the Debtors hereunder, as the “Designated Senior Priority Representative” for purposes hereof. The Designated Second Priority Representative and
the Designated Senior Subordinated Priority Representative may treat the Senior Secured Administrative Agent or the Senior Secured Collateral Agent (as the case may be as determined under clause (i) of the definition of “Senior Priority
Representative”) as the Designated Senior Priority Representative until such time as it receives written notice from the Senior Secured Administrative Agent or the Senior Secured Collateral Agent (as applicable) that it was replaced as
Designated Senior Priority Representative. 
 “Designated Senior Subordinated Priority Representative” means the Senior
Subordinated Priority Representative designated from time to time by the Major Senior Subordinated Priority Representative in a written notice to the Designated Senior Priority Representative (if any), the Designated Second Priority Representative
(if any), the other Senior Subordinated Priority Representatives, and the Debtors hereunder, as the “Designated Senior Subordinated Priority Representative” for purposes hereof. The Designated Senior Priority Representative and the
Designated Second Priority Representative may treat the Senior Subordinated Notes Trustee or the Senior Subordinated Collateral Agent (as the case may be as determined under clause (i) of the definition of “Senior Subordinated Priority
Representative”) as the Designated Senior Subordinated Priority Representative until such time as it receives written notice from the Senior Subordinated Notes Trustee or the Senior Subordinated Collateral Agent (as applicable) that it was
replaced as Designated Senior Subordinated Priority Representative. 
 “DIP Cap Amount” means 120% of the sum of: (A)(1)
the aggregate principal amount of all loans outstanding under the Senior Secured Credit Agreement Credit Documents as of the date of this Agreement minus (2) the aggregate amount of any permanent repayments of loans under the Senior
Secured Credit Agreement Credit Documents (excluding any repayments of revolving facilities without corresponding reductions of commitments thereunder and any repayments of indebtedness in connection with a substantially contemporaneous refinancing
thereof) plus (B) the amount of unused revolving credit commitments under the Senior Secured Credit Agreement Credit Documents as of the date of this Agreement, plus (C) the aggregate principal amount of Indebtedness that may
be incurred pursuant to one or more incremental term loan or incremental revolving credit facilities pursuant to the Senior Secured Credit Agreement Credit Documents as in effect as of the date of this Agreement, plus (D) Secured Hedging
Obligations, plus (E) Cash Management Obligations. 
 “DIP Financing” has the meaning assigned to such term in
Section 6.01. 
 “DIP Financing Liens” has the meaning assigned to such term in Section 12.08. 

  
 7 

 “DIP Lenders” has the meaning assigned to such term in Section 12.08.

 “Discharge” means, with respect to the Collateral and any Obligations (including any Secured Hedge Obligations and any
Cash Management Obligations and excluding any Obligations arising with respect to any TLB Proceeds Loan Agreement and any HY Proceeds Loan Agreement) (as applicable), the date on which: (i) the Senior Priority Obligations (other than Secured
Hedge Obligations and Cash Management Obligations), Second Priority Debt Obligations or Senior Subordinated Priority Debt Obligations thereunder, as the case may be, have been paid in full or otherwise satisfied or discharged in accordance with the
terms thereof (and any such secured debt is no longer secured by any of the Collateral); (ii) in respect of any Secured Hedge Obligations or Cash Management Obligations, such Secured Hedge Obligations or Cash Management Obligations, as the case may
be, (x) have been paid in full or otherwise satisfied or discharged in accordance with the terms thereof or (y) have been cash collateralized on terms reasonably satisfactory to each applicable Secured Hedge Counterparty or Cash Management
Provider or other arrangements satisfactory to each applicable Secured Hedge Counterparty or Cash Management Provider have been made (and in each case any such Secured Hedge Obligations or Cash Management Obligations are no longer secured by any of
the Collateral); (iii) any letters of credit issued or borrowed under the Senior Priority Debt Facilities have been terminated or have been cash collateralized or backstopped (in the amount and form required under the applicable Senior Priority Debt
Facility); and (iv) all commitments of the Senior Priority Secured Parties (other than any Cash Management Provider whose Cash Management Obligations have been cash collateralized or made subject to other arrangements in accordance with (ii)(y)
above), the Second Priority Secured Parties or the Senior Subordinated Priority Parties under their respective Debt Facilities, Secured Hedge Agreements and Cash Management Agreements (as applicable) have terminated. 

“Disposal Obligations” has the meaning assigned to such term in Section 5.01(a). 

“Disposed Entity” has the meaning assigned to such term in Section 5.01(a). 

“Disposition” means any conveyance, sale, lease, assignment, transfer, license or other disposition. 

“Distress Event” means any of: (a) an Acceleration Event; or (b) the enforcement of any Collateral. 

“Distressed Disposal” means a disposal of an asset of a member of the Group which is: (a) being effected at the request
of the Applicable Designated Representative in circumstances where the Collateral has become enforceable in accordance with the terms of the relevant Collateral Documents, (b) being effected by enforcement of the Collateral in accordance with
the terms of the relevant Collateral Documents or (c) being effected, after the occurrence of a Distress Event, by a Debtor to a Person or Persons which is not a member of the Group. 

“EEA Financial Institution” means (a) any institution established in any EEA Member Country which is subject to the
supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any institution established in an EEA Member
Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

  
 8 

 “EEA Resolution Authority” means any public administrative authority or any
Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Enforcement Action” means (a) in relation to any Liabilities, (i) the acceleration of any Liabilities or the
making of any declaration that any Liabilities are prematurely due and payable (other than as a result of it becoming unlawful for a Senior Priority Secured Party, a Second Priority Secured Party or a Senior Subordinated Priority Party to perform
its obligations under, or of any voluntary or mandatory prepayment arising under, the Debt Documents), (ii) the making of any declaration that any Liabilities are payable on demand, (iii) the making of a demand in relation to a Liability that
is payable on demand (other than a demand made by an Intra-Group Lender in relation to any Liabilities under or pursuant to Intra-Group Documents (excluding, for the avoidance of doubt, any Liabilities under or pursuant to any HY Proceeds Loan
Agreement or any TLB Proceeds Loan Agreement) which are on-demand Liabilities to the extent (A) that the demand is made in the ordinary course of dealings between the relevant Debtor and Intra-Group
Lender and (B) that any resulting Payment would not be prohibited by Section 8.02), (iv) the making of any demand against any member of the Group in relation to any Guarantee Liabilities of that member of the Group, (v) the exercise
of any right to require any member of the Group to acquire any Liability (including exercising any put or call option against any member of the Group for the redemption or purchase of any Liability) of the Senior Secured Credit Agreement (or any
other similar or equivalent provision of any of the Senior Priority Debt Documents and any Non-Senior Priority Debt Documents) and/or any other Liabilities Acquisition, acquisition or transaction which any
member of the Group is not prohibited from entering into by the terms of the Senior Priority Debt Documents and any Non-Senior Priority Debt Documents and excluding any mandatory offer arising on or as a
result of a change of control or asset sale (however described) as set out in any of the Senior Priority Debt Documents or any Non-Senior Priority Debt Documents)), (vi) the exercise of any right of set off,
account combination or payment netting against any member of the Group in respect of any Liabilities, other than: (A) as Close-Out Netting by a Secured Hedge Counterparty; (B) as Payment Netting by a
Secured Hedge Counterparty; (C) as Inter-Hedging Agreement Netting by a Secured Hedge Counterparty; or (D) the exercise of any such right permitted under Section 10.02 and (vii) the suing for, commencing or joining of any legal
or arbitration proceedings against any member of the Group to recover any Liabilities; (b) the premature termination or close-out of any hedging transaction under any Secured Hedge Agreement (other than
pursuant to a Permitted Automatic Early Termination); (c) the taking of any steps to enforce or require the enforcement of any Collateral (including any Collateral Enforcement Action); (d) the entering into of any composition, compromise, assignment
or similar arrangement with any member of the Group which owes any Liabilities, or has given any Collateral, guarantee or indemnity or other assurance against loss in respect of the Liabilities (other than any action permitted under the Senior
Priority Debt Documents and any Non-Senior Priority Debt Documents); (e) commencing or joining with other Persons to commence an Insolvency or Liquidation Proceeding or judicial enforcement of any of the
rights and remedies, whether as a secured or unsecured creditor, under the Debt Documents or applicable law with respect to any Liabilities; or (f) the petitioning, applying or voting for, or the taking of any steps (including the appointment
of any liquidator, receiver, examiner, administrator or similar officer) in relation to, the winding up, dissolution, examinership, administration or reorganization of any member of the Group which owes any Liabilities, or has given any Collateral,
guarantee, indemnity or other assurance against loss in respect of any of the Liabilities, or any of such member of the Group’s assets or any suspension of payments or moratorium of any indebtedness of any such member of the Group, or any
analogous procedure or step in any jurisdiction; provided that the following shall not constitute Enforcement Action: (i) the taking of any action falling above which is necessary (but only to the extent necessary) to preserve the
validity, existence or priority of claims in respect of Liabilities, including the registration of such claims before any court or governmental authority and the bringing, supporting or joining of proceedings to prevent any loss of the right to
bring, support or join proceedings by reason of applicable limitation periods; or (ii) a Senior Priority Secured Party, Second 

  
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Priority Secured Party or Senior Subordinated Priority Party bringing legal proceedings against any Person solely for the purpose of: (A) obtaining injunctive relief (or any analogous remedy
in any jurisdiction) to restrain any actual or putative breach of any Senior Priority Debt Document or Non-Senior Priority Debt Document to which it is party; (B) obtaining specific performance (other
than specific performance of an obligation to make a payment or the sale of assets in connection with a release of guarantees or Liens pursuant to this Agreement) with no claim for monetary damages or collection; or (C) requesting judicial
interpretation of any provision of any Senior Priority Debt Document or Non-Senior Priority Debt Document to which it is party with no claim for monetary damages or collection; (iii) any non-judicial procedural actions that may be required or desired as a precondition to acceleration or relating to preservation of rights (such as giving a notice of default or reservation of rights (including
reservation of rights subject to this Agreement)); and (iv) the imposition of a default rate of interest that is otherwise permitted pursuant to the terms of any Debt Document. 

“Enforcement Date” means the first date (if any) on which a Senior Priority Secured Party takes enforcement action of the
type described in paragraphs (a)(i), (a)(iii), (a)(iv) or (b) of the definition of “Enforcement Action” in accordance with the terms of this Agreement. 

“EU Bail-In Legislation Schedule” means the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Final Discharge Date” means the latest to occur of the Discharge of Senior Priority Obligations, the Discharge of the Second
Priority Debt Obligations (if applicable) and the Discharge of Senior Subordinated Priority Debt Obligations. 
 “Financial
Adviser” means a third-party internationally recognized investment bank or third-party internationally recognized accounting firm selected by the Applicable Designated Representative or, if all of the third-party internationally recognized
investment banks and internationally recognized accounting firms are subject to conflicting and client or potential client issues and are unable to act in relation to the relevant matter, any other third party professional firm which is regularly
engaged in providing valuations of businesses or assets similar or comparable to those subject to the relevant Collateral. 

“Grantors” means Holdings, the Borrowers and each Subsidiary of Holdings that has granted a security interest pursuant to any
Collateral Document to secure any Secured Obligations. 
 “Group” means each of Holdings, the Borrowers and their
respective Restricted Subsidiaries. 
 “Guarantee Liabilities” means, in relation to a member of the Group, the liabilities
and obligations under the Debt Documents (present or future, actual or contingent and whether incurred solely or jointly) it has to a Creditor or Debtor as or as a result of its being a guarantor or surety (including, without limitation, liabilities
and obligations arising by way of guarantee, indemnity, contribution or subrogation and in particular any guarantee or indemnity arising under or in respect of any of the Senior Priority Debt Documents, Second Priority Debt Documents and Senior
Subordinated Priority Debt Documents, as applicable). 
 “Guarantors” means (a) the “Loan Parties” (as
defined in the Senior Secured Credit Agreement as in force as at the date of this Agreement) other than each “Borrower” (as defined in the Senior Secured Credit Agreement as in force as at the date of this Agreement) solely to the extent
of and with respect to the obligations of such Borrower and (b) any member of the Group which has any Guarantee Liabilities. 

  
 10 

 “Holdings” has the meaning assigned to such term in the introductory
paragraph of this Agreement. 
 “Honeywell” has the meaning assigned to such term in the introductory paragraph of this
Agreement. 
 “Honeywell Indemnitee” means Honeywell, in its capacity as the original indemnitee or payee under the
Honeywell Indemnity Agreement, together with any of its successors and assigns in such capacity. 
 “Honeywell Indemnitee Joinder
Agreement” means a supplement to this Agreement entered into by a Honeywell Indemnitee, substantially in the form of Annex VII hereto or such other form as shall be approved by the Applicable Designated Representative. 

“Honeywell Indemnity Agreement” means the Indemnification and Reimbursement Agreement dated as of September 12, 2018
among Garrett ASASCO, Inc., Honeywell International Inc., Honeywell and the guarantors party thereto, as may be amended pursuant to the terms of the then extant Senior Priority Debt Documents and Non-Senior
Priority Debt Documents. 
 “Honeywell Indemnity Documents” means the Honeywell Indemnity Agreement and the
“Guarantee” referred to therein and any other guarantee or agreement executed and delivered in connection therewith. 

“Honeywell Indemnity Obligations” means any and all obligations (including, without limitation, liabilities and obligations
arising by way of guarantee, indemnity, contribution or subrogation and in particular any guarantee or indemnity arising under or in respect of the Honeywell Indemnity Agreement) owing to Honeywell Indemnitee under the Honeywell Indemnity Documents.

 “HY Proceeds Loan” means, collectively, (a) the loan in an amount equal to at least the Net Proceeds of the Senior
Subordinated Notes pursuant to the HY Proceeds Loan Agreement and (b) any other loan from the Lux Notes Issuer to the Swiss Borrower of the Net Proceeds from Additional Senior Subordinated Priority Debt Obligations permitted by the then extant
Senior Priority Debt Documents and Non-Senior Priority Debt Documents to be incurred by the Lux Notes Issuer and, in each case, all loans or bonds directly or indirectly replacing or refinancing such loan or
any portion thereof. 
 “HY Proceeds Loan Agreement” means that certain unsecured loan agreement made on or about the date
of this Agreement, by and among the Swiss Borrower, as borrower, and the Lux Notes Issuer, as lender, and any document evidencing any other HY Proceeds Loan, as the same may be amended, supplemented, amended and restated or replaced from time to
time in accordance with the then extant Senior Priority Debt Documents and Non-Senior Priority Debt Documents. 

“HY Proceeds Loan Credit Documents” means, with respect to any HY Proceeds Loan, the promissory notes, credit agreements,
loan agreements, indentures, or other operative agreements evidencing or governing such HY Proceeds Loan (including, for the avoidance of doubt, the HY Proceeds Loan Agreement). 

“HY Proceeds Loan Creditor” means the Lux Notes Issuer in its capacity as the holder of HY Proceeds Loan Obligations. 

  
 11 

 “HY Proceeds Loan Obligations” means, with respect to any HY Proceeds Loan,
(a) all principal of, and premium and interest, fees, and expenses (including, without limitation, any interest, fees, or expenses which accrue after the commencement of any Insolvency or Liquidation Proceeding or which would accrue but for the
operation of Bankruptcy Laws, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to such HY Proceeds Loan, (b) all other amounts payable to the Lux Notes Issuer under the related HY Proceeds Loan and
(c) any renewals or extensions of the foregoing that are not prohibited by each then extant Senior Priority Debt Document and Non-Senior Priority Debt Document. 

“Insolvency Event of Default” means (a) prior to the Discharge of Senior Priority Obligations, an Event of Default which
is continuing under Section 7.01(h) or (i) of the Senior Secured Credit Agreement or an equivalent insolvency event of default which is continuing under any Additional Senior Priority Debt Documents, (b) on or after the Discharge of
Senior Priority Obligations but prior to the Discharge of the Second Priority Debt Obligations (if applicable), an event of default under an “insolvency” event of default which is continuing under any Second Priority Debt Documents and the
relevant Representative has declared by written notice to the relevant Debtors that an “Insolvency or Liquidation Proceeding” has occurred and (c) on or after (x) the Discharge of Senior Priority Obligations and (y) the
Discharge of Second Priority Debt Obligations, an event of default under an “insolvency” event of default which is continuing under any Senior Subordinated Priority Debt Documents and the relevant Representative has declared by written
notice to the relevant Debtors that an “Insolvency or Liquidation Proceeding” has occurred. 
 “Insolvency or Liquidation
Proceeding” means, in relation to any member of the Group: 
 (1) any case commenced by or against a Notes Issuer, a
Borrower or any other Debtor under any Bankruptcy Law, any other proceeding for the reorganization, recapitalization, or adjustment or marshalling of the assets or liabilities of a Notes Issuer, a Borrower or any other Debtor, any receivership or
assignment for the benefit of creditors relating to a Notes Issuer, a Borrower or any other Debtor or any similar case or proceeding relative to Notes Issuer, a Borrower or any other Debtor or its creditors, as such, any declaration of a moratorium
in relation to any indebtedness of that member of the Group, or any appointment of an administrator, liquidator, receiver, administrative receiver, receiver and manager, compulsory manager, examiner or other similar officer in respect of that member
of the Group or any of its material assets, in each case whether or not voluntary; 
 (2) any resolution is passed or order
made for any liquidation, dissolution, examinership, administration, reorganization, marshalling of assets or liabilities, or other winding up of or relating to a Notes Issuer, a Borrower or any other Debtor, in each case whether or not voluntary
and whether or not involving bankruptcy or insolvency; 
 (3) any composition, compromise, assignment or arrangement is made
with its creditors generally, or any other proceeding or analogous step of any type or nature is taken in any jurisdiction in which substantially all claims of creditors of a Notes Issuer, a Borrower or any other Debtor are determined and any
payment or distribution is or may be made on account of such claims to the extent constituting an Insolvency Event of Default which is continuing under any Senior Priority Debt Facility (or, after the Discharge of Senior Priority Obligations, any
Second Priority Debt Facility, if any) (or, after (x) the Discharge of Senior Priority Obligations and (y) the Discharge of Second Priority Debt Obligations, any Senior Subordinated Priority Debt Facility, if any); or 

  
 12 

 (4) with regard to any member of the Group incorporated in Luxembourg, the
commencement of any of the following proceedings (a) the appointment of any juge commissaire or curateur pursuant to insolvency proceedings (faillite) under article 437 ff. of the Luxembourg Commercial Code (Code de
commerce); (b) suspension of payments (sursis de paiement) pursuant to article 593 of the Luxembourg Commercial Code (Code de commerce); (c) the appointment of any commissaire for controlled management (gestion
contrôlée) pursuant to the Grand Ducal Regulation on controlled management (Arrêté grandducal du 24 mai 1935 complétant la législation relative aux sursis de paiement, au concordat
préventif de la faillite et à la faillite par l’institution du régime de la gestion contrôlée); (d) a voluntary arrangement with creditors (concordat préventif de faillite) pursuant to
the Luxembourg law on arrangements to prevent insolvency (loi du 14 avril 1886 concernant le concordat préventif de la faillite); (e) the appointment of any juge-commissaire or liquidateur for judicial liquidation
(liquidation judiciaire) pursuant to article 1200-1 of the Luxembourg law of August 10, 1915 on commercial companies, as amended from time to time (loi du 10 août 1915 sur les
sociétés commerciales, telle qu’amendée); (f) any Luxembourg court order appointing an interim administrator (administrateur provisoire); (g) the appointment of any liquidateur pursuant to the Luxembourg
law of August 10 1915 on commercial companies, as amended from time to time (loi du 10 août 1915 sur les sociétés commerciales, telle qu’amendée); and (h) any other analogous process procedure or
reorganisation under any applicable law affecting the rights of creditors generally and/or for the appointment of any receiver, administrator, administrative receiver, conservator, custodian, trustee in bankruptcy, court appointed liquidator or
similar officeholder in respect of the relevant company of its assets. 
 “Intellectual Property” means Copyrights, Patents
and Trademarks. 
 “Inter-Hedging Agreement Netting” means the exercise of any right of
set-off, account combination, close-out netting or payment netting (whether arising out of a cross agreement netting agreement or otherwise) by a Secured Hedge
Counterparty against liabilities owed to a Debtor by that Secured Hedge Counterparty under a Secured Hedge Agreement in respect of Liabilities owed to that Secured Hedge Counterparty by that Debtor under another Secured Hedge Agreement. 

“Intra-Group Documents” means each of the agreements, documents and instruments providing for or evidencing any Intra-Group
Indebtedness, and any other document or instrument executed or delivered at any time in connection with any Intra-Group Indebtedness. 

“Intra-Group Indebtedness” means all Liabilities owed by any member of the Group to any of the Intra-Group Lenders in its
capacity as such (for the avoidance of doubt, including guarantee, indemnity, suretyship or other assurance against loss in relation to such indebtedness) excluding any Liabilities which are (i) Senior Priority Obligations (including TLB
Proceeds Loan Obligations); (ii) Non-Senior Priority Obligations (including HY Proceeds Loan Obligations) or (iii) owed to an Intra-Group Lender incorporated in Switzerland by a member of the Group which
is not a direct or indirect Subsidiary of such Intra-Group Lender. 
 “Intra-Group Lender” means each member of the Group
which has made a loan available to, granted credit to or made any other financial arrangement having similar effect with another member of the Group (for the avoidance of doubt excluding any HY Proceeds Loan Obligations or any TLB Proceeds Loan
Obligations) and which is a party to this Agreement as at the date hereof or becomes a party to this Agreement as an Intra-Group Lender pursuant to an Intra-Group Lender Joinder Agreement (including, for the avoidance of doubt, the Swiss Borrower in
respect of any on-lending to another member of the Group which is its direct or indirect Subsidiary of the proceeds of any HY Proceeds Loan or the proceeds of any TLB Proceeds Loan). 

  
 13 

 “Intra-Group Lender Joinder Agreement” means a supplement to this Agreement
entered into by an Intra-Group Lender, substantially in the form of Annex V hereto or such other form as shall be approved by the Applicable Designated Representative. 

“ISDA Master Agreement” means a 1992 ISDA Master Agreement or a 2002 ISDA Master Agreement. 

“Joinder Agreement” means a supplement to this Agreement substantially in the form of Annex I,
Annex II, Annex III, Annex IV, Annex V, Annex VI Annex VII, Annex VIII or Annex IV hereto. 

“Lenders” has the meaning assigned to such term in the Senior Secured Credit Agreement as in force as at the date of this
Agreement. 
 “Letter of Credit” has the meaning assigned to such term in the Senior Secured Credit Agreement as in force
as at the date of this Agreement. 
 “Liabilities” means all present and future liabilities and obligations at any time of
any member of the Group to any Creditor under the Debt Documents, both actual and contingent and whether incurred solely or jointly or in any other capacity together with any of the following matters relating to or arising in respect of those
liabilities and obligations: 
 (a) any refinancing, novation, deferral or extension; 

(b) any claim for breach of representation, warranty or undertaking or on an event of default or under any indemnity given
under or in connection with any document or agreement evidencing or constituting any other liability or obligation falling within this definition; 

(c) any claim for damages or restitution; and 

(d) any claim as a result of any recovery by any Person of a Payment on the grounds of preference or otherwise, 

and any amounts which would be included in any of the above but for any discharge, non-provability, unenforceability
or non-allowance of those amounts in any insolvency or other proceedings. 
 “Liabilities
Acquisition” means, in relation to a Person and to any Liabilities, a transaction in which that Person (a) purchases by way of assignment or transfer, (b) enters into any participation in respect of or (c) enters into any
other agreement or arrangement having an economic effect substantially similar to a participation in respect of, in each case, the rights and benefits in respect of those Liabilities. 

“Liabilities Sale” means any disposal of any liabilities pursuant to Section 5.01(a)(iii)(B). 

“Lien” means any mortgage, pledge, security interest, hypothecation, charge, assignment, lien (statutory or other) or similar
encumbrance, and any easement, right-of-way, license, restriction (including zoning restrictions), defect, exception or irregularity in title or similar charge or
encumbrance (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement or any lease in the nature thereof); provided that in no event shall an operating lease be deemed to be a Lien. 

“Lux Borrower” has the meaning assigned to such term in the introductory paragraph of this Agreement. 

  
 14 

 “LuxCo 2” has the meaning assigned to such term in the introductory
paragraph of this Agreement. 
 “Lux Notes Issuer” has the meaning assigned to such term in the introductory paragraph of
this Agreement. 
 “Major Representative” means Major Senior Priority Representative, Major Second Priority Representative
or Major Senior Subordinated Priority Representative, as the context may require. 
 “Major Second Priority Representative”
means the Second Priority Representative of the series of Second Priority Debt Obligations that constitutes the largest outstanding principal amount (which, for the purposes of this defined term, shall be deemed to include any undrawn revolving
commitments) of any then outstanding series of Second Priority Debt Obligations. 
 “Major Senior Priority Representative”
means the Senior Priority Representative of the series of Senior Priority Obligations (other than TLB Proceeds Loan Obligations to the extent payable to Holdings or any of its Subsidiaries) that constitutes the largest outstanding principal amount
(which, for the purposes of this defined term, shall be deemed to include any undrawn revolving commitments) of any then outstanding series of Senior Priority Obligations (other than TLB Proceeds Loan Obligations to the extent payable to Holdings or
any of its Subsidiaries). 
 “Major Senior Subordinated Priority Representative” means the Senior Subordinated Priority
Representative of the series of Senior Subordinated Priority Debt Obligations (other than to the extent payable to Holdings or any of its Subsidiaries) that constitutes the largest outstanding principal amount (which, for the purposes of this
defined term, shall be deemed to include any undrawn revolving commitments) of any then outstanding series of Senior Subordinated Priority Debt Obligations (other than HY Proceeds Loan Obligations to the extent payable to Holdings or any of its
Subsidiaries). 
 “Majority Senior Subordinated Priority Secured Parties” shall mean, at any time, those Senior
Subordinated Secured Parties whose Senior Subordinated Priority Secured Credit Exposure at that time aggregate at least 50.1% of the total Senior Subordinated Priority Secured Credit Exposure of all Senior Subordinated Secured Parties. 

“Majority Second Priority Secured Parties” shall mean, at any time, those Second Priority Secured Parties whose Second
Priority Credit Exposure at that time aggregate at least 50.1% of the total Second Priority Credit Exposure of all Second Priority Secured Parties. 

“Majority Senior Priority Secured Parties” shall mean, at any time, those Senior Priority Secured Parties (other than any TLB
Proceeds Loan Creditor) whose Senior Priority Credit Exposure at that time aggregate at least 50.1% of the total Senior Priority Credit Exposure of all Senior Secured Parties (other than any TLB Proceeds Loan Creditor) at that time. 

“Non-Senior Priority Debt Documents” means any Second Priority Debt Documents and any
Senior Subordinated Priority Debt Documents. 
 “Non-Senior Priority Obligations”
means any Second Priority Debt Obligations and any Senior Subordinated Priority Debt Obligations. 

“Non-Senior Priority Party” means each Second Priority Representative, each Second
Priority Secured Party, each Senior Subordinated Priority Representative and each Senior Subordinated Priority Party. 

  
 15 

 “Non-Senior Priority
Representative” means each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility and each Senior Subordinated Priority Representative, for itself and on behalf
of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility. 

“Non-Subordinated Priority Debt Documents” means any Senior Priority Debt Documents
and any Second Priority Debt Documents. 
 “Non-Subordinated Priority Obligations”
means any Senior Priority Obligations and any Second Priority Debt Obligations. 

“Non-Subordinated Priority Party” means each Senior Priority Representative, each
Senior Priority Secured Party, each Second Priority Representative and each Second Priority Secured Party. 
 “Non-U.S. Collateral” means: (a) any Collateral granted by a Non-U.S. Grantor in respect of any of the Secured Obligations and (b) any Collateral located
outside the U.S. granted by a U.S. Grantor or a Non-U.S. Grantor in respect of any of the Secured Obligations. 

“Non-U.S. Debtor” means a Debtor that is not a U.S. Debtor. 

“Non-U.S. Grantor” means a Grantor that is not a U.S. Grantor. 

“Non-U.S. Insolvency Event” has the meaning assigned to such term in
Section 10.01(a). 
 “Notes Issuer” means the Lux Notes Issuer and the US
Co-Notes Issuer. 
 “Notes Trustee” means the Senior Subordinated Notes Trustee and
any other Representative which is a trustee in respect of any Obligations issued in the form of notes. 
 “Obligations”
means the Non-Subordinated Priority Obligations and the Senior Subordinated Priority Debt Obligations. 

“Officer’s Certificate” has the meaning assigned to such term in Section 15.08. 

“Patents” means all United States and foreign (a) patents, statutory invention registrations, certificates of invention,
industrial designs and utility models, and all pending applications of the foregoing, (b) provisionals, reissues, reexaminations, continuations, divisions,
continuations-in-part, renewals or extensions thereof and (c) the inventions, discoveries and designs disclosed or claimed therein and all improvements thereto,
including the right to make, use and/or sell the inventions, discoveries and designs disclosed or claimed therein. 

“Payment” means, in respect of any Secured Obligations or any other liabilities or obligations, a payment, prepayment,
repayment, redemption, defeasance, discharge or purchase of those Secured Obligations or other liabilities or obligations. 

“Payment Netting” means: (a) in respect of a Secured Hedge Agreement based on an ISDA Master Agreement, netting under
section 2(c) of the relevant ISDA Master Agreement; and (b) in respect of a Secured Hedge Agreement not based on an ISDA Master Agreement, netting pursuant to any provision of that Secured Hedge Agreement which has a similar effect to the
provision referenced in paragraph (a) above. 

  
 16 

 “Permitted Automatic Early Termination” means an Automatic Early
Termination of a hedging transaction under a Secured Hedge Agreement pursuant to provisions consistent with practice in the relevant derivatives market, taking into account the legal status and jurisdiction of incorporation of the parties to that
Secured Hedge Agreement. 
 “Person” means any individual, partnership, joint venture, firm, corporation, limited liability
company, association, trust or other enterprise or any Governmental Authority (as defined in the Senior Secured Credit Agreement as in force as at the date of this Agreement). 

“Pledged or Controlled Collateral” has the meaning assigned to such term in Section 5.05(a). 

“Proceeds” means (a) the proceeds of any sale, collection or other liquidation of Collateral and any payment or
distribution made in respect of Collateral in any Insolvency or Liquidation Proceeding and (b) (i) in respect of Senior Priority Secured Parties, any amounts received by any Senior Priority Representative or any Senior Priority Secured Party
from any Non-Senior Priority Party in respect of Collateral pursuant to this Agreement or (ii) in respect of Second Priority Secured Parties, any amounts received by any Second Priority Representative or
any Second Priority Secured Party from any Senior Subordinated Priority Party in respect of Collateral pursuant to this Agreement. 

“Proceeds Loans” means the TLB Proceeds Loan and the HY Proceeds Loan. 

“Public Auction” means an auction or other competitive sale process in which more than one bidder participates or is invited
to participate, which may or may not be conducted through a court or other legal proceeding, and which is conducted with the advice of a Financial Adviser. 

“Recovery” has the meaning assigned to such term in Section 6.04. 

“Receiving Entity” has the meaning assigned to such term in Section 5.01(a). 

“Refinance” means, in respect of any indebtedness, to refinance, extend, renew, defease, amend, increase, modify, supplement,
restructure, refund, replace or repay, or to issue other indebtedness or enter into alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including by adding or replacing lenders, creditors,
agents, borrowers and/or guarantors, and including in each case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through any credit agreement, loan agreement, note
purchase agreement, indenture or other agreement. “Refinanced” and “Refinancing” have correlative meanings. 

“Registered Equivalent Notes” means, with respect to any notes originally issued in a Rule 144A or other private
placement transaction under the Securities Act of 1933, substantially identical notes (having the same guarantees) issued in a dollar-for-dollar exchange therefor
pursuant to an exchange offer registered with the SEC. 
 “Representatives” means any Senior Priority Representatives, any
Second Priority Representatives and any Senior Subordinated Priority Representatives. 
 “SEC” means the United States
Securities and Exchange Commission and any successor agency thereto. 
 “Second Priority Acceleration Event” has the
meaning assigned to such term in the definition of “Acceleration Event.” 

  
 17 

 “Second Priority Class Debt” has the meaning assigned to
such term in Section 15.09(a). 
 “Second Priority Class Debt Parties” has the meaning assigned to
such term in Section 15.09(a). 
 “Second Priority Class Debt Representative” has the meaning
assigned to such term in Section 15.09(a). 
 “Second Priority Collateral” means any “Collateral” (or
equivalent term) as defined in any Second Priority Debt Document or any other assets of the Borrowers or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as
security for any Second Priority Debt Obligation. 
 “Second Priority Collateral Documents” means each of the security
agreements and other instruments and documents executed and delivered by the Borrowers or any other Grantor for purposes of providing collateral security for any Second Priority Debt Obligation. 

“Second Priority Credit Exposure” shall mean, as of any date of determination, the outstanding Second Priority Debt
Obligations and any undrawn revolving commitments under each Second Priority Debt Facility as of such date of determination. 

“Second Priority Creditor Purchase Event” has the meaning assigned to such term in Section 5.07(a). 

“Second Priority Debt” means any Indebtedness that is issued or guaranteed by the Borrowers, Holdings and/or any other
Guarantor which Indebtedness and guarantees are secured by Liens on the Collateral (or a portion thereof) on (a) a junior basis to the Liens securing any Senior Priority Obligations and (b) a senior basis to the Liens (if any) securing any
Senior Subordinated Priority Debt Obligations; provided, however, that (i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by each then extant Senior Priority Debt Document and Non-Senior Priority Debt Document and (ii) the Representative for the holders of such Indebtedness shall have become party to this Agreement pursuant to, and by satisfying the conditions set forth in,
Section 15.09 hereof. Second Priority Debt shall include any Registered Equivalent Notes and guarantees thereof by the Guarantors issued in exchange therefor. 

“Second Priority Debt Documents” means, with respect to any series, issue or class of Second Priority Debt, the promissory
notes, credit agreements, loan agreements, note purchase agreements, indentures or other operative agreements evidencing or governing such Indebtedness or the Liens securing such Indebtedness, including the Second Priority Collateral Documents. 

“Second Priority Debt Facilities” means each credit agreement, loan agreement, note purchase agreement, indenture or other
governing agreement with respect to any Second Priority Debt. 
 “Second Priority Debt Obligations” means, with respect to
any series, issue or class of Second Priority Debt, (a) all principal of, and premium and interest, fees, and expenses (including, without limitation, any interest, fees, or expenses which accrue after the commencement of any Insolvency or
Liquidation Proceeding or which would accrue but for the operation of Bankruptcy Laws, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to such Second Priority Debt, (b) all other amounts payable to
the related Second Priority Secured Parties under the related Second Priority Debt Documents and (c) any renewals or extensions of the foregoing that are not prohibited by each then extant Senior Priority Debt Document and Non-Senior Priority Debt Document (provided that Second Priority Debt Obligations shall exclude any such obligations the incurrence of which was not permitted under each Senior Priority Debt Document and Non-Senior Priority Debt Document extant at the time of the incurrence or issuance thereof). 

  
 18 

 “Second Priority Enforcement Date” means, with respect to any Second
Priority Representative, the date which is 120 consecutive days after the occurrence of both (i) an “event of default” under the Second Priority Debt Document for which such Second Priority Representative has been named as
Representative and (ii) the Designated Senior Priority Representative’s and each other Representative’s receipt of written notice from such Second Priority Representative that an “event of default” under the Second Priority
Debt Document for which such Second Priority Representative has been named as Representative has occurred and is continuing. 

“Second Priority Payment Default” means any event of default with respect to any payment of principal, interest, fees or any
other amount owed under any Second Priority Debt Document. 
 “Second Priority Representative” means, with respect to any
Second Priority Debt Facility, the trustee, administrative agent, collateral agent, security agent or similar agent under any Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in the
applicable Joinder Agreement (and, if there is no such trustee, administrative agent or similar agent, each creditor in respect of such Second Priority Debt shall be its own Second Priority Representative and be named as such in the applicable
Joinder Agreement). 
 “Second Priority Secured Parties” means, with respect to any series, issue or class of Second
Priority Debt, the holders of such Indebtedness or any other Second Priority Debt Obligation, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries of each
indemnification obligation undertaken by the Borrowers or any Guarantor under any related Second Priority Debt Documents. 
 “Second
Priority Shared Collateral” means, at any time, Second Priority Collateral in which the holders of two or more Series of Second Priority Debt Obligations hold a valid and perfected security interest at such time. If more than two Series of
Second Priority Debt Obligations are outstanding at any time and the holders of less than all Series of Second Priority Debt Obligations hold a valid and perfected security interest in any Second Priority Collateral at such time, then such Second
Priority Collateral shall constitute Second Priority Shared Collateral for those Series of Second Priority Debt Obligations that hold a valid security interest in such Second Priority Collateral at such time and shall not constitute Second Priority
Shared Collateral for any Series which does not have a valid and perfected security interest in such Second Priority Collateral at such time. 

“Secured Hedge Agreement” means any “Hedging Agreement” as defined in the Senior Secured Credit Agreement (as in
force as at the date of this Agreement) evidencing any Secured Hedge Obligations. 
 “Secured Hedge Counterparty” means
each Senior Priority Secured Party in its capacity as a party to a Secured Hedge Agreement under which it is owed Secured Hedge Obligations and which is a party to this Agreement as at the date hereof or becomes a party to this Agreement as a
Secured Hedge Counterparty pursuant to a Secured Hedge Counterparty Joinder Agreement. 
 “Secured Hedge Counterparty Joinder
Agreement” means a supplement to this Agreement entered into by a Secured Hedge Counterparty, substantially in the form of Annex VIII hereto or such other form as shall be approved by the Applicable Designated Representative. 

  
 19 

 “Secured Hedge Obligations” means any “Secured Hedging
Obligations” as defined in the Senior Secured Credit Agreement (as in force as at the date of this Agreement). 
 “Secured
Obligations” means the Senior Priority Obligations and the Second Priority Debt Obligations and the Senior Subordinated Priority Debt Obligations (other than the HY Proceeds Loan Obligations and any unsecured Senior Subordinated Priority
Debt Obligations). 
 “Secured Parties” means the Senior Priority Secured Parties, the Second Priority Secured Parties and
the Senior Subordinated Secured Parties. 
 “Senior Acceleration Event” has the meaning assigned to such term in the
definition of “Acceleration Event.” 
 “Senior Priority Class Debt” has the meaning assigned
to such term in Section 15.09(a). 
 “Senior Priority Class Debt Parties” has the meaning assigned
to such term in Section 15.09(a). 
 “Senior Priority Class Debt Representative” has the meaning
assigned to such term in Section 15.09(a). 
 “Senior Priority Collateral” means any “Collateral” (or
equivalent term) as defined in any Senior Secured Credit Agreement Credit Document or any other Senior Priority Debt Document or any other assets of Holdings, a Borrower or any other Grantor with respect to which a Lien is granted or purported to be
granted pursuant to a Senior Priority Collateral Document as security for any Senior Priority Obligations. 
 “Senior Priority
Collateral Documents” means the “Security Documents” as defined in the Senior Secured Credit Agreement as in force as at the date of this Agreement and each of the security agreements and other instruments and documents executed
and delivered by Holdings, a Borrower or any other Grantor for purposes of providing collateral security for any Senior Priority Obligation (including, for the avoidance of doubt, any TLB Proceeds Loan Obligations). 

“Senior Priority Credit Exposure” shall mean, as of any date of determination: 

(a) (x) as to the Senior Secured Credit Agreement, the outstanding Senior Secured Credit Agreement Obligations (other than
the Secured Hedge Obligations) and any undrawn revolving commitments under the Senior Secured Credit Agreement as of such date of determination, and (y) as to any Additional Senior Priority Debt Facility, the outstanding Additional Senior
Priority Obligations and any undrawn revolving commitments under such Additional Senior Priority Debt Facility as of such date of determination; 

(b) in respect of any Secured Hedge Counterparty under any Secured Hedge Agreement that has, as of such date of determination,
been terminated or closed out in accordance with the terms thereof, the amount, if any, due and payable to it under any Secured Hedge Agreement in respect of that termination or close-out as of the date of
termination or close-out (and before taking into account any interest accrued on that amount since the date of termination or close-out) to the extent that amount is
unpaid (that amount to be certified by the relevant Secured Hedge Counterparty and as calculated in accordance with the relevant Secured Hedge Agreement); and 

  
 20 

 (c) following the Discharge of the Senior Secured Credit Agreement
Obligations (other than the Secured Hedge Obligations) and the Discharge of any Additional Senior Priority Obligations, in respect of any Secured Hedge Counterparty under any Secured Hedge Agreement that has, as of such date of determination, not
been terminated or closed out (x) if the relevant Secured Hedge Agreement is based on an ISDA Master Agreement, the amount, if any, which would be due and payable to it under that Secured Hedge Agreement in respect of all hedging transactions
thereunder, determined as if the date on which the calculation is made was deemed to be an Early Termination Date (as defined in the relevant ISDA Master Agreement) for which the relevant Debtor is the Defaulting Party (as defined in the relevant
ISDA Master Agreement) or (y) if the relevant Secured Hedge Agreement is not based on an ISDA Master Agreement, the amount, if any, which would be due and payable to the Secured Hedge Counterparty in respect of all hedging transactions with
such Secured Hedge Counterparty, determined as if the date of determination was deemed to be the date on which an event similar in meaning and effect (under that Secured Hedge Agreement) to an Early Termination Date (as defined in any ISDA Master
Agreement) occurred under that Secured Hedge Agreement for which the relevant Debtor is in a position similar in meaning and effect (under that Secured Hedge Agreement) to that of a Defaulting Party (as defined in any ISDA Master Agreement), that
amount, in either case, to be certified by the relevant Secured Hedge Counterparty and as calculated in accordance with the relevant Secured Hedge Agreement. 

“Senior Priority Debt Documents” means (a) the Senior Secured Credit Agreement Credit Documents, (b) the TLB
Proceeds Loan Credit Documents and (c) any Additional Senior Priority Debt Documents. 
 “Senior Priority Debt
Facilities” means the Senior Secured Credit Agreement, the TLB Proceeds Loan Agreement and any Additional Senior Priority Debt Facilities. 

“Senior Priority Obligations” means the Senior Secured Credit Agreement Obligations, the TLB Proceeds Loan Obligations and
any Additional Senior Priority Obligations (for the avoidance of doubt, including guarantee, indemnity, suretyship or other assurance against loss in relation to such obligations) (provided that Senior Priority Obligations shall exclude any
such obligations that are Additional Senior Priority Obligations the incurrence of which was not permitted under each Senior Priority Debt Document and each Non-Senior Priority Debt Document extant at the time
of the incurrence or issuance thereof). 
 “Senior Priority Payment Default” means an event of default under
Section 7.01(a) or (b) of the Senior Secured Credit Agreement or any similar provisions of any Additional Senior Priority Debt Document. 

“Senior Priority Representative” means (i) in the case of any Senior Secured Credit Agreement Obligations or the Senior
Secured Credit Agreement Secured Parties, the Senior Secured Administrative Agent, or, in respect of holding or taking, or instructions, decisions and actions in respect of, Senior Priority Collateral, and the relevant Collateral Documents, in
respect of which the Senior Secured Collateral Agent is collateral agent and in respect of Collateral Enforcement Action, and any proceeds of Collateral Enforcement Action, in respect of such Senior Priority Collateral, JPMCB (or its successor) in
its capacity as Senior Secured Collateral Agent for the Senior Secured Credit Agreement Secured Parties and for the TLB Proceeds Loan Creditor; and (ii) in the case of any Additional Senior Priority Debt Facility and the Additional Senior
Secured Parties thereunder, the trustee, administrative agent, collateral agent, security agent or similar agent under such Additional Senior Priority Debt Facility that is named as the Representative in respect of such Additional Senior Priority
Debt Facility in the applicable Joinder Agreement (and, if there is no such trustee, administrative agent or similar agent, each creditor in respect of such Additional Senior Priority Debt shall be its own Senior Priority Representative and be named
as such in the applicable Joinder Agreement). 

  
 21 

 “Senior Priority Secured Parties” means the Senior Secured Credit Agreement
Secured Parties, the TLB Proceeds Loan Creditor and any Additional Senior Secured Parties and, for the avoidance of doubt, shall include the Designated Senior Priority Representative. 

“Senior Priority Shared Collateral” means, at any time, Senior Priority Collateral in which the holders of two or more Series
of Senior Priority Obligations hold a valid and perfected security interest at such time. If more than two Series of Senior Priority Obligations are outstanding at any time and the holders of less than all Series of Senior Priority Obligations hold
a valid and perfected security interest in any Senior Priority Collateral at such time, then such Senior Priority Collateral shall constitute Senior Priority Shared Collateral for those Series of Senior Priority Obligations that hold a valid
security interest in such Senior Priority Collateral at such time and shall not constitute Senior Priority Shared Collateral for any Series which does not have a valid and perfected security interest in such Senior Priority Collateral at such time.

 “Senior Secured Administrative Agent” has the meaning assigned to such term in the introductory paragraph of this
Agreement and shall include any successor administrative agent as provided in Article VIII of the Senior Secured Credit Agreement. 

“Senior Secured Collateral Agent” (i) has the meaning assigned to such term in the introductory paragraph of this Agreement
and (ii) means JPMCB in its capacity as collateral agent under the TLB Proceeds Loan Security Documents (as defined in the Senior Secured Credit Agreement), and in each case shall include any successor collateral agent as provided in Article
VIII of the Senior Secured Credit Agreement. 
 “Senior Secured Credit Agreement” means that certain Credit Agreement,
dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended,
supplemented, refinanced or otherwise modified from time to time. 
 “Senior Secured Credit Agreement Credit Documents”
means the Senior Secured Credit Agreement and the other “Loan Documents” as defined in the Senior Secured Credit Agreement as in force as at the date of this Agreement. 

“Senior Secured Credit Agreement Obligations” means the “Obligations” as defined in the Senior Secured Credit
Agreement as in force as at the date of this Agreement. 
 “Senior Secured Credit Agreement Secured Parties” means the
“Secured Parties” as defined in the Senior Secured Credit Agreement as in force as at the date of this Agreement. 

“Senior Subordinated Acceleration Event” has the meaning assigned to such term in the definition of “Acceleration
Event.” 
 “Senior Subordinated Creditor Purchase Event” has the meaning assigned to such term in
Section 5.07(b). 
 “Senior Subordinated Collateral Agent” has the meaning assigned to such term in the introductory
paragraph of this Agreement. 

  
 22 

 “Senior Subordinated Notes Indenture” means that certain notes indenture,
dated as of September 27, 2018, between, among others, the Lux Notes Issuer, the US Co-Notes Issuer, Holdings, the guarantors party thereto and the Senior Subordinated Notes Trustee. 

“Senior Subordinated Notes Indenture Credit Documents” means the Senior Subordinated Notes Indenture and the
“Notes” and the “Intercreditor” (each as defined in the Senior Subordinated Notes Indenture). 
 “Senior
Subordinated Notes Indenture Obligations” means the “Obligations” as defined in the Senior Subordinated Notes Indenture. 

“Senior Subordinated Notes Secured Parties” means the “Holders” as defined in the Senior Subordinated Notes
Indenture. 
 “Senior Subordinated Notes Trustee” has the meaning assigned to such term in the introductory paragraph of
this Agreement. 
 “Senior Subordinated Priority Class Debt” has the meaning assigned to such term in
Section 15.09(a). 
 “Senior Subordinated Priority Class Debt Parties” has the meaning assigned to
such term in Section 15.09(a). 
 “Senior Subordinated Priority Class Debt Representative” has the
meaning assigned to such term in Section 15.09(a). 
 “Senior Subordinated Priority Collateral” means any
“Collateral” (or equivalent term) as defined in any Senior Subordinated Notes Indenture Credit Document or any other Senior Subordinated Priority Debt Document or any other assets of a Borrower or any other Grantor with respect to which a
Lien is granted or purported to be granted pursuant to a Senior Subordinated Priority Collateral Document as security for any Senior Subordinated Priority Debt Obligations. 

“Senior Subordinated Priority Collateral Documents” means the “Security Documents” as defined in the Senior
Subordinated Notes Indenture and each of the security agreements and other instruments and documents executed and delivered by a Notes Issuer or any other Grantor for purposes of providing collateral security for any Senior Subordinated Priority
Debt Obligation. 
 “Senior Subordinated Priority Debt Documents” means (a) the Senior Subordinated Notes Indenture
Credit Documents, (b) the HY Proceeds Loan Credit Documents and (c) any Additional Senior Subordinated Priority Debt Documents. 

“Senior Subordinated Priority Debt Facilities” means the Senior Subordinated Notes Indenture, any HY Proceeds Loan Agreement
and any Additional Senior Priority Debt Facilities. 
 “Senior Subordinated Priority Debt Obligations” means the Senior
Subordinated Notes Indenture Obligations, the HY Proceeds Loan Obligations and any Additional Senior Subordinated Priority Debt Obligations (for the avoidance of doubt, including guarantee, indemnity, suretyship or other assurance against loss in
relation to such obligations) (provided that Senior Subordinated Priority Debt Obligations shall exclude any such obligations that are Additional Senior Subordinated Priority Debt Obligations the incurrence of which was not permitted under
each Senior Priority Debt Document, each Non-Senior Priority Debt Document extant at the time of the incurrence or issuance thereof). 

  
 23 

 “Senior Subordinated Priority Enforcement Date” means, with respect to any
Senior Subordinated Priority Representative, the date which is 179 consecutive days after the occurrence of both (i) an “event of default” under the Senior Subordinated Priority Debt Document for which such Senior Subordinated
Priority Representative has been named as Representative and (ii) the Designated Senior Priority Representative’s and each other Representative’s receipt of written notice from such Senior Subordinated Priority Representative that an
“event of default” under the Senior Subordinated Priority Debt Document for which such Senior Subordinated Priority Representative has been named as Representative has occurred and is continuing. 

“Senior Subordinated Priority Parties” means the Senior Subordinated Notes Secured Parties, the HY Proceeds Loan Creditor and
any Additional Senior Subordinated Parties and, for the avoidance of doubt, shall include the Designated Senior Subordinated Priority Representative. 

“Senior Subordinated Priority Representative” means (i) in the case of any Senior Subordinated Notes Indenture
Obligations or the Senior Subordinated Notes Secured Parties, the Senior Subordinated Notes Trustee, or, in respect of holding or taking, or instructions, decisions and actions in respect of, Senior Subordinated Priority Collateral (including any
Senior Subordinated Priority Shared Collateral), and the relevant Collateral Documents, in respect of which the Senior Subordinated Collateral Agent is collateral agent and in respect of Collateral Enforcement Action, and any proceeds of Collateral
Enforcement Action, in respect of such Senior Subordinated Priority Collateral, Deutsche Bank AG, London Branch (or its successor) in its capacity as Senior Subordinated Collateral Agent for the Senior Subordinated Priority Parties and (ii) in
the case of any Additional Senior Subordinated Priority Debt Facility and the Additional Senior Subordinated Parties thereunder, the trustee, administrative agent, collateral agent, security agent or similar agent under such Additional Senior
Subordinated Priority Debt Facility that is named as the Representative in respect of such Additional Senior Subordinated Priority Debt Facility in the applicable Joinder Agreement (and, if there is no such trustee, administrative agent or similar
agent, each creditor in respect of such Additional Senior Subordinated Priority Debt shall be its own Senior Subordinated Priority Representative and be named as such in the applicable Joinder Agreement). 

“Senior Subordinated Priority Secured Credit Exposure” shall mean, as of any date of determination, (a) as to the Senior
Subordinated Notes Indenture, the outstanding Senior Subordinated Notes Indenture Obligations as of such date of determination, and (b) as to any secured Additional Senior Subordinated Priority Debt Facility, the outstanding Additional Senior
Subordinated Priority Debt Obligations and any undrawn revolving commitments under such secured Additional Senior Subordinated Priority Debt Facility as of such date of determination. 

“Senior Subordinated Priority Shared Collateral” means, at any time, Senior Subordinated Priority Collateral in which the
holders of two or more Series of Senior Subordinated Priority Debt Obligations hold a valid and perfected security interest at such time. If more than two Series of Senior Subordinated Priority Debt Obligations are outstanding at any time and the
holders of less than all Series of Senior Subordinated Priority Debt Obligations hold a valid and perfected security interest in any Senior Subordinated Priority Collateral at such time, then such Senior Subordinated Priority Collateral shall
constitute Senior Subordinated Priority Shared Collateral for those Series of Senior Subordinated Priority Debt Obligations that hold a valid security interest in such Senior Subordinated Priority Collateral at such time and shall not constitute
Senior Subordinated Priority Shared Collateral for any Series which does not have a valid and perfected security interest in such Senior Subordinated Priority Collateral at such time. 

“Senior Subordinated Secured Parties” means the Senior Subordinated Notes Secured Parties and any Additional Senior
Subordinated Parties which benefit from any Senior Subordinated Priority Collateral. 

  
 24 

 “Series” means, (a) the Senior Secured Credit Agreement Obligations
and each series of Additional Senior Priority Obligations, each of which shall constitute a separate Series of Senior Priority Obligations, except that to the extent that the Senior Secured Credit Agreement Obligations and/or any one or more series
of Additional Senior Priority Obligations (i) are secured by identical collateral held by a common collateral agent and (ii) have their security interests documented by a single set of security documents, such Senior Secured Credit
Agreement Obligations and/or each such series of Additional Senior Priority Obligations shall collectively constitute a single Series, (b) each series of Second Priority Debt Obligations that constitutes a separate Series of Second Priority
Debt Obligations, except that to the extent that any one or more series of Second Priority Debt Obligations (i) are secured by identical collateral held by a common collateral agent and (ii) have their security interests documented by a
single set of security documents, each such series of Second Priority Debt Obligations shall collectively constitute a single Series and (c) each series of Senior Subordinated Priority Debt Obligations that constitutes a separate Series of
Senior Subordinated Priority Debt Obligations, except that to the extent that any one or more series of Senior Subordinated Priority Debt Obligations (i) are secured by identical collateral held by a common collateral agent and (ii) have
their security interests documented by a single set of security documents, each such series of Senior Subordinated Priority Debt Obligations shall collectively constitute a single Series. For the purposes of (x) Article 12, the TLB Proceeds
Loan Obligations shall constitute a Series of Senior Priority Obligations and (y) Article 14, the HY Proceeds Loan Obligations shall constitute a Series of Senior Subordinated Priority Debt Obligations. 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity
of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of Holdings. 
 “Swiss
Borrower” has the meaning assigned to such term in the introductory paragraph of this Agreement. 
 “TLB Proceeds
Loan” means, collectively, (a) the loan in an amount equal to at least the Net Proceeds of the Tranche B Term Loans lent to the Swiss Borrower pursuant to the TLB Proceeds Loan Agreement and (b) any other loan from any Tranche B
Term Borrower to the Swiss Borrower of the Net Proceeds from the borrowing of any Additional Senior Priority Debt Facility permitted by the then extant Senior Priority Debt Documents and Non-Senior Priority
Debt Documents and, in each case, all loans or bonds directly or indirectly replacing or refinancing such loan or any portion thereof. 

“TLB Proceeds Loan Agreement” means that certain secured loan agreement made on or about the date of this Agreement, by and
among the Swiss Borrower, as borrower, and the Lux Borrower, as lender, any document evidencing any other TLB Proceeds Loan, and any security or guarantee documents in respect thereof, in each case as the same may be amended, supplemented, amended
and restated or replaced from time to time in accordance with the then extant Senior Priority Debt Documents and Non-Senior Priority Debt Documents. 

“TLB Proceeds Loan Credit Documents” means, with respect to any TLB Proceeds Loan, the promissory notes, credit agreements,
loan agreements, indentures, or other operative agreements evidencing or governing such TLB Proceeds Loan (including, for the avoidance of doubt, the TLB Proceeds Loan Agreement). 

  
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 “TLB Proceeds Loan Creditor” means the Lux Borrower in its capacity as the
holder of TLB Proceeds Loan Obligations. 
 “TLB Proceeds Loan Obligations” means, with respect to any TLB Proceeds Loan,
(a) all principal of, and premium and interest, fees, and expenses (including, without limitation, any interest, fees, or expenses which accrue after the commencement of any Insolvency or Liquidation Proceeding or which would accrue but for the
operation of Bankruptcy Laws, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to such TLB Proceeds Loan, (b) all other amounts payable to the Lux Borrower under the related TLB Proceeds Loan and
(c) any renewals or extensions of the foregoing that are not prohibited by each then extant Senior Priority Debt Document and Non-Senior Priority Debt Document. 

“Trademarks” means all United States and foreign (a) trademarks, service marks, domain names, trade names, corporate
names, company names, business names, fictitious business names, trade styles, trade dress, logos, slogans, other source or business identifiers, now existing or hereafter adopted or acquired, whether registered or unregistered, and all
registrations, recordings and applications for registration filed in connection with the foregoing, including registrations, recordings and applications for registration in the United States Patent and Trademark Office or any similar offices in any
State of the United States or any other country, group of countries or any political subdivision thereof, and all common-law rights related thereto, (b) all goodwill associated therewith or symbolized
thereby; and (c) all extensions or renewals thereof. 
 “Transferee” has the meaning assigned to such term in
Section 5.01(a). 
 “Uniform Commercial Code” or “UCC” means, unless otherwise specified, the Uniform
Commercial Code as from time to time in effect in the State of New York; provided that, if perfection, the effect of perfection or non-perfection, the priority or the enforcement of any security
interests in any Collateral is mandatorily governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, then “Uniform Commercial Code” and “UCC” means the Uniform Commercial Code as in
effect from time to time in such other jurisdiction for the purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection, priority or enforcement. 

“US Co-Notes Issuer” has the meaning assigned to such term in the introductory
paragraph of this Agreement. 
 “U.S. Debtor” means a Debtor organized under the laws of a jurisdiction in the United
States of America or any State (within the meaning of Section 9-102(a)(76) of the UCC). 

“U.S. Grantor” means a Grantor organized under the laws of a jurisdiction in the United States of America or any State
(within the meaning of Section 9-102(a)(76) of the UCC). 
 “Write-Down and Conversion
Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable
EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

SECTION 1.02. Terms Generally. 

(a) The rules of interpretation set forth in Sections 1.02 through 1.11 of the Senior Secured Credit Agreement are incorporated herein
mutatis mutandis. 

  
 26 

 (b) In this Agreement, (i) any reference to the then extant Senior Priority Debt
Documents shall exclude any then extant TLB Proceeds Loan Credit Documents and (ii) any reference to the then extant Senior Subordinated Priority Debt Documents shall exclude any then extant HY Proceeds Loan Credit Documents. 

ARTICLE 2 
 PRIORITIES AND
AGREEMENTS WITH RESPECT TO COLLATERAL AND GUARANTEES 
 SECTION 2.01. Subordination: Common Senior Priority/Second
Priority Collateral and Guarantees. 
 Notwithstanding the date, time, manner or order of filing or recordation of any document or
instrument or grant, attachment or perfection of any Liens granted to any Second Priority Representative or any Second Priority Secured Parties on the Common Senior Priority/Second Priority Collateral or of any Liens granted to any Senior Priority
Representative or any other Senior Priority Secured Party on the Common Senior Priority/Second Priority Collateral (or any actual or alleged defect in any of the foregoing) and notwithstanding any provision of the UCC, any applicable law (including
the Australian Corporations Act and Australian PPSA), any Second Priority Debt Document or any Senior Priority Debt Document or any other circumstance whatsoever, each Second Priority Representative, on behalf of itself and each Second Priority
Secured Party under its Second Priority Debt Facility, hereby agrees that (a) any (i) Lien on the Common Senior Priority/Second Priority Collateral securing or purporting to secure any Senior Priority Obligations shall have priority over and be
senior in all respects and prior to any Lien on the Common Senior Priority/Second Priority Collateral securing or purporting to secure any Second Priority Debt Obligations, in each case regardless of how acquired, whether by grant, statute,
operation of law, subrogation or otherwise and (ii) any Guarantee Liabilities of a member of the Group (such member of the Group for the purposes of this Section 2.01, a “Common Senior Priority/Second Priority Guarantor”)
in respect of any Senior Priority Obligations shall have priority over and be senior in all respects and prior to any Guarantee Liabilities of such Common Senior Priority/Second Priority Guarantor in respect of any Second Priority Debt Obligations,
in each case regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise and (b) any (i) Lien on the Common Senior Priority/Second Priority Collateral securing or purporting to secure any Second Priority
Debt Obligations shall be junior and subordinate in all respects to all Liens on the Common Senior Priority/Second Priority Collateral securing any Senior Priority Obligations, in each case regardless of how acquired, whether by grant, statute,
operation of law, subrogation or otherwise and (ii) any Guarantee Liabilities of a Common Senior Priority/Second Priority Guarantor in respect of any Second Priority Debt Obligations shall be junior and subordinate in all respects to any
Guarantee Liabilities of such Common Senior Priority/Second Priority Guarantor in respect of any Senior Priority Obligations, in each case regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise. All
(x) Liens on the Common Senior Priority/Second Priority Collateral securing or purporting to secure any Senior Priority Obligations shall in each case be and remain senior in all respects and prior to all Liens on the Common Senior
Priority/Second Priority Collateral securing or purporting to secure any Second Priority Debt Obligations for all purposes and (y) Guarantee Liabilities of a Common Senior Priority/Second Priority Guarantor in respect of any Senior Priority
Obligations shall in each case be and remain senior in all respects and prior to all Guarantee Liabilities of such Common Senior Priority/Second Priority Guarantor in respect of any Second Priority Debt Obligations for all purposes, in each case,
whether or not such Liens securing or purporting to secure any Senior Priority Obligations or Guarantee Liabilities in respect of any Senior Priority Obligations are subordinated to any Lien securing or Guarantee Liabilities (as applicable) in
respect of any other obligation of a Borrower, any Debtor or any other Person or otherwise subordinated, voided, avoided, invalidated or lapsed, to the extent permitted under applicable law. 

  
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 SECTION 2.02. Subordination: Common Collateral and Guarantees. 

Without prejudice to Section 2.01 above, notwithstanding the date, time, manner or order of filing or recordation of any document or
instrument or grant, attachment or perfection of any Liens granted to any Senior Subordinated Priority Representative or any Senior Subordinated Priority Parties on the Common Collateral or of any Liens granted to any
Non-Subordinated Priority Party on the Common Collateral (or any actual or alleged defect in any of the foregoing) and notwithstanding any provision of the UCC, any applicable law (including the Australian
Corporations Act and Australian PPSA), any Debt Document, or any other circumstance whatsoever, each Senior Subordinated Priority Representative, on behalf of itself and each Senior Subordinated Priority Party under its Senior Subordinated Priority
Debt Facility, hereby agrees that (a) any (i) Lien on the Common Collateral securing or purporting to secure any Non-Subordinated Priority Obligations shall have priority over and be senior in all
respects and prior to any Lien on the Common Collateral securing or purporting to secure any Senior Subordinated Priority Debt Obligations, in each case regardless of how acquired, whether by grant, statute, operation of law, subrogation or
otherwise, and (ii) any Guarantee Liabilities of a member of the Group (such member of the Group for the purposes of this Section 2.02, a “Common Guarantor”) in respect of any
Non-Subordinated Priority Obligations shall have priority over and be senior in all respects and prior to any Guarantee Liabilities of such Common Guarantor in respect of any Senior Subordinated Priority Debt
Obligations, in each case regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, and (b) any (i) Lien on the Common Collateral securing or purporting to secure any Senior Subordinated Priority Debt
Obligations shall be junior and subordinate in all respects to all Liens on the Common Collateral securing any Non-Subordinated Priority Obligations, in each case regardless of how acquired, whether by grant,
statute, operation of law, subrogation or otherwise and (ii) any Guarantee Liabilities of a Common Guarantor in respect of any Senior Subordinated Priority Debt Obligations shall be junior and subordinate in all respects to any Guarantee
Liabilities of such Common Guarantor in respect of any Non-Subordinated Priority Obligations, in each case regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise. All
(x) Liens on the Common Collateral securing or purporting to secure any Non-Subordinated Priority Obligations shall in each case be and remain senior in all respects and prior to all Liens on the Common
Collateral securing or purporting to secure any Senior Subordinated Priority Debt Obligations for all purposes and (y) Guarantee Liabilities of a Common Guarantor in respect of any Non-Subordinated
Priority Obligations shall in each case be and remain senior in all respects and prior to all Guarantee Liabilities of such Common Guarantor in respect of any Senior Subordinated Priority Debt Obligations for all purposes, in each case whether or
not such Liens securing or purporting to secure any Non-Subordinated Priority Obligations or Guarantee Liabilities in respect of any Non-Subordinated Priority
Obligations are subordinated to any Lien securing or Guarantee Liabilities (as applicable) in respect of any other obligation of a Borrower, any Debtor or any other Person or otherwise subordinated, voided, avoided, invalidated or lapsed, to the
extent permitted under applicable law. For the avoidance of doubt, this Agreement does not seek to rank any Guarantee Liabilities of a Notes Issuer in respect of the Second Priority Debt Obligations as against the Liabilities of a Notes Issuer in
respect of the Senior Subordinated Notes Indenture Obligations. 
 SECTION 2.03. Nature of Senior Lender Claims. 

Each Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility,
acknowledges that (a) a portion of the Senior Priority Obligations is revolving in nature and that the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed, (b) the
terms of the Senior Priority Debt Documents and the Senior Priority Obligations may be amended, restated, amended and restated, supplemented or otherwise modified, and the Senior Priority Obligations, or a portion thereof, may be Refinanced from
time to time and (c) the aggregate amount of the Senior Priority Obligations may be 

  
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increased, in each case, without notice to or consent by the Second Priority Representatives or the Second Priority Secured Parties and without affecting the provisions hereof, except as
otherwise expressly set forth herein. Each Senior Subordinated Priority Representative, on behalf of itself and each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, acknowledges that (a) a portion of the
Non-Subordinated Priority Obligations is revolving in nature and that the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed,
(b) the terms of the Non-Subordinated Priority Debt Documents and the Non-Subordinated Priority Obligations may be amended, restated, amended and restated,
supplemented or otherwise modified, and the Non-Subordinated Priority Obligations, or a portion thereof, may be Refinanced from time to time and (c) the aggregate amount of the Non-Subordinated Priority Obligations may be increased, in each case, without notice to or consent by the Senior Subordinated Priority Representatives or the Senior Subordinated Priority Parties and without
affecting the provisions hereof, except as otherwise expressly set forth herein. The Lien priorities provided for in Section 2.01 and Section 2.02 shall not be altered or otherwise affected by any amendment, restatement, amendment and
restatement, supplement or other modification, or any Refinancing, of the Senior Priority Obligations or the Second Priority Debt Obligations or the Senior Subordinated Priority Debt Obligations, or any portion thereof. As between Holdings, the
Notes Issuers, the Borrowers and the other Debtors and the Non-Senior Priority Parties, the foregoing provisions will not limit or otherwise affect the obligations of Holdings, the Notes Issuers, the Borrowers
and the other Debtors contained in any Non-Senior Priority Debt Document with respect to the incurrence of additional Senior Priority Obligations or (in the case of the Senior Subordinated Priority Parties)
additional Second Priority Debt Obligations. 
 SECTION 2.04. Prohibition on Contesting Liens. 

Each of the Senior Subordinated Priority Representatives, for itself and on behalf of each Senior Subordinated Priority Party under its Senior
Subordinated Priority Debt Facility, agrees that it shall not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, extent,
perfection, priority, allowability or enforceability of any Lien securing, or any claims asserted with respect to, any Non-Subordinated Priority Obligations held (or purported to be held) by or on behalf of
any Non-Subordinated Priority Party or other agent or trustee therefor in any Senior Priority Collateral or Second Priority Collateral (as applicable). Each of the Second Priority Representatives, for itself
and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, agrees that it shall not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or
Liquidation Proceeding), the validity, extent, perfection, priority, allowability or enforceability of any Lien securing, or any claims asserted with respect to, (a) any Senior Priority Obligations held (or purported to be held) by or on behalf
of any Senior Priority Representative or any of the other Senior Priority Secured Parties or other agent or trustee therefor in any Senior Priority Collateral or (b) any Senior Subordinated Priority Debt Obligations held (or purported to be
held) by or on behalf of any Senior Subordinated Priority Representative or any of the other Senior Subordinated Priority Parties or other agent or trustee therefor in any Senior Subordinated Priority Collateral. Each Senior Priority Representative,
for itself and on behalf of each Senior Priority Secured Party under its Senior Priority Debt Facility, agrees that it shall not (and hereby waives any right to) contest or support any other Person in contesting, in any proceeding (including any
Insolvency or Liquidation Proceeding), the validity, extent, perfection, priority, allowability or enforceability of any Lien securing, or any claims asserted with respect to, any Non-Senior Priority
Obligations held (or purported to be held) by or on behalf of any Non-Senior Priority Party or other agent or trustee therefor in any Second Priority Collateral or Senior Subordinated Priority Collateral (as
applicable). Notwithstanding the foregoing, no provision in this Agreement shall be construed to prevent or impair (a) the rights of any Senior Priority Representative to enforce this Agreement (including the priority of the Liens securing the
Senior Priority Obligations as provided in Section 2.01 and Section 2.02) or (b) the rights of any Second Priority Representative to enforce this Agreement (including the priority of the Liens securing the Second Priority Debt
Obligations as provided in Section 2.02). 

  
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 SECTION 2.05. No New Liens. 

The parties hereto agree that, (a) so long as the Discharge of Senior Priority Obligations has not occurred, none of the Grantors shall
grant any additional Liens on any asset or property of any Grantor to secure any Non-Senior Priority Obligation unless (to the extent not prohibited and possible under applicable law) it has granted, or
concurrently therewith grants, a Lien on such asset or property of such Grantor to secure the Senior Priority Obligations (other than the TLB Proceeds Loan Obligations in the case of any Grantor other than the Swiss Borrower), (b) so long as the
Discharge of Second Priority Debt Obligations has not occurred, none of the Grantors shall grant any additional Liens on any asset or property of any Grantor to secure any Senior Subordinated Priority Debt Obligation unless (to the extent not
prohibited and possible under applicable law) it has granted, or concurrently therewith grants, a Lien on such asset or property of such Grantor to secure the Second Priority Debt Obligations, (c) so long as the Discharge of Senior Priority
Obligations has not occurred, if any Non-Senior Priority Party shall hold any Lien on any assets or property of any Grantor securing any Non-Senior Priority Obligations
that are not also subject to the Liens securing all Senior Priority Obligations (other than the TLB Proceeds Loan Obligations in the case of any Grantor other than the Swiss Borrower) under the Senior Priority Collateral Documents, such Non-Senior Priority Party (i) shall notify the Designated Senior Priority Representative promptly upon becoming aware thereof and, unless such Grantor shall promptly grant a similar Lien on such assets or
property to each Senior Priority Representative as security for the Senior Priority Obligations (other than the TLB Proceeds Loan Obligations in the case of any Grantor other than the Swiss Borrower), shall (to the extent not prohibited and possible
under applicable law) assign such Lien to the Designated Senior Priority Representative as security for all Senior Priority Obligations (other than the TLB Proceeds Loan Obligations in the case of any Grantor other than the Swiss Borrower) for the
benefit of the Senior Priority Secured Parties (but may retain a junior Lien on such assets or property subject to the terms hereof) and (ii) until such assignment of such Lien to the Designated Senior Priority Representative or such grant of a
similar Lien to each Senior Priority Representative, shall (to the extent not prohibited and possible under applicable law) be deemed to also hold and have held such Lien for the benefit of each Senior Priority Representative and the other Senior
Priority Secured Parties as security for the Senior Priority Obligations (other than the TLB Proceeds Loan Obligations in the case of any Grantor other than the Swiss Borrower ) and (d) so long as (x) the Discharge of Senior Priority
Obligations has occurred and (y) the Discharge of Second Priority Debt Obligations has not occurred, if any Senior Subordinated Priority Representative or any Senior Subordinated Priority Party shall hold any Lien on any assets or property of
any Grantor securing any Senior Subordinated Priority Debt Obligations that are not also subject to the Liens securing all Second Priority Debt Obligations under the Second Priority Collateral Documents, such Senior Subordinated Priority
Representative or Senior Subordinated Priority Party (i) shall notify the Designated Second Priority Representative promptly upon becoming aware thereof and, unless such Grantor shall promptly grant a similar Lien on such assets or property to
each Second Priority Representative as security for the Second Priority Debt Obligations, shall (to the extent not prohibited and possible under applicable law) assign such Lien to the Designated Second Priority Representative as security for all
Second Priority Debt Obligations for the benefit of the Second Priority Secured Parties (but may retain a junior Lien on such assets or property subject to the terms hereof) and (ii) until such assignment of such Lien to the Designated Second
Priority Representative or such grant of a similar Lien to each Second Priority Representative, shall (to the extent not prohibited and possible under applicable law) be deemed to also hold and have held such Lien for the benefit of each Second
Priority Representative and the other Second Priority Secured Parties as security for the Second Priority Debt Obligations. To the extent that the provisions of the immediately preceding sentence are not

  
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complied with for any reason, without limiting any other right or remedy available to any Non-Subordinated Priority Party, (x) each Senior Priority
Representative agrees, for itself and on behalf of the other Senior Priority Secured Parties that it represents, (y) each Second Priority Representative agrees, for itself and on behalf of the other Second Priority Secured Parties that it
represents and (z) each Senior Subordinated Priority Representative agrees, for itself and on behalf of the other Senior Subordinated Priority Parties that it represents, that any amounts received by or distributed to any Senior Priority
Secured Party, any Second Priority Secured Party or any Senior Subordinated Priority Party pursuant to or as a result of any Lien granted in contravention of this Section 2.05 shall be subject to Section 4.01 and Section 4.02. 

SECTION 2.06. Perfection of Liens. 

Except for the limited agreements of the Senior Priority Representatives and the Second Priority Representatives pursuant to Section 5.05
hereof, (x) none of the Senior Priority Representatives or the Senior Priority Secured Parties shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Common Senior Priority/Second Priority Collateral for
the benefit of the Second Priority Representatives or the Second Priority Secured Parties and (y) none of the Senior Priority Representatives or the Second Priority Representatives or the Senior Priority Secured Parties or the Second Priority
Secured Parties shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Common Collateral for the benefit of the Senior Subordinated Priority Representatives or the Senior Subordinated Priority Parties. The
provisions of this Agreement are intended to govern the respective Lien priorities as between the Senior Priority Secured Parties, the Second Priority Secured Parties and the Senior Subordinated Priority Parties and shall not impose on the Senior
Priority Representatives, the Senior Priority Secured Parties, the Second Priority Representatives, the Second Priority Secured Parties, Senior Subordinated Priority Representatives, the Senior Subordinated Priority Parties, or any agent or trustee
therefor any obligations in respect of the disposition of Proceeds of any Common Senior Priority/Second Priority Collateral or Common Collateral which would conflict with prior perfected claims therein in favor of any other Person or any order or
decree of any court or governmental authority or any applicable law. 
 SECTION 2.07. Certain Collateral. 

Notwithstanding anything in this Agreement or any other Senior Priority Debt Documents or Second Priority Debt Documents or Senior
Subordinated Priority Debt Documents to the contrary, collateral consisting of cash and deposit account balances pledged to secure Senior Secured Credit Agreement Obligations consisting of reimbursement obligations in respect of Letters of Credit or
otherwise held by the Senior Secured Administrative Agent pursuant to the Senior Secured Credit Agreement (together “Cash Collateral”) shall be applied as specified in the Senior Secured Credit Agreement and will not constitute
Common Senior Priority/Second Priority Collateral or Common Collateral. Nothing in this Agreement shall prevent any issuer of a Letter of Credit taking any Enforcement Action in respect of any Cash Collateral which has been provided for it in
accordance with the Senior Secured Credit Agreement. 
 SECTION 2.08. Prohibition on Proceeds Loan Liens and
Guarantees 
 Notwithstanding anything in this Agreement or any other Senior Priority Debt Document or Second Priority Debt Document or
Senior Subordinated Priority Debt Document to the contrary, (i) no TLB Proceeds Loan may receive the benefit of any guarantee from any member of the Group or any Lien over any Common Collateral other than a Lien over the assets of the Swiss
Borrower pursuant to a Senior Priority Collateral Document and (ii) no HY Proceeds Loan may receive the benefit of any guarantee from any member of the Group or any Lien over any Common Collateral. 

  
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 ARTICLE 3 

ENFORCEMENT 

SECTION 3.01. Exercise of Remedies. 

(a) So long as the Discharge of Senior Priority Obligations has not occurred, except as expressly provided in the provisos of this
Section 3.01(a), whether or not any Insolvency or Liquidation Proceeding has been commenced by or against a Borrower or any other Debtor: 

(i) no Non-Senior Priority Party will in respect of any
Non-Senior Priority Obligations (w) take any Collateral Enforcement Action, (x) take any Enforcement Action against any Non-U.S. Debtor, (y) contest,
protest or object to any Enforcement Action (including any foreclosure proceeding or other action brought with respect to the Common Senior Priority/Second Priority Collateral or the Common Collateral or any other Senior Priority Collateral) by any
Senior Priority Representative or any Senior Priority Secured Party in respect of the Senior Priority Obligations, the exercise of any right by any Senior Priority Representative or any Senior Priority Secured Party (or any agent or sub-agent on their behalf) in respect of the Senior Priority Obligations under any lockbox agreement, control agreement, landlord waiver or bailee’s letter or similar agreement or arrangement to which any
Senior Priority Representative or any Senior Priority Secured Party either is a party or may have rights as a third-party beneficiary, or any other exercise by any such party of any rights and remedies relating to the Common Senior Priority/Second
Priority Collateral or the Common Collateral under the Senior Priority Debt Documents or otherwise in respect of the Senior Priority Collateral or the Senior Priority Obligations (including any Enforcement Action in respect of the same) or
(z) object to the forbearance by the Senior Priority Secured Parties from bringing or pursuing any Enforcement Action including any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the Common Senior
Priority/Second Priority Collateral or the Common Collateral or any other Senior Priority Collateral in respect of Senior Priority Obligations; and 

(ii) except as otherwise provided herein (including Section 6.01), the Senior Priority Representatives and the Senior
Priority Secured Parties shall have the exclusive right to enforce rights, exercise remedies (including setoff and the right to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect to the
Common Senior Priority/Second Priority Collateral or the Common Collateral or any other Senior Priority Collateral without any consultation with or the consent of any Second Priority Representative, any Senior Subordinated Priority Representative,
any Second Priority Secured Party or any Senior Subordinated Priority Party; 
 provided, however, that: 

(A) in any Insolvency or Liquidation Proceeding commenced by or against Holdings, a Borrower or any other Debtor, (1) any
Second Priority Representative may file a claim, proof of claim or statement of interest with respect to the Second Priority Debt Obligations under its Second Priority Debt Facility in a manner consistent with the terms of this Agreement and
(2) any Senior Subordinated Priority Representative and/or the HY Proceeds Loan Creditor may file a claim, proof of claim or statement of interest with respect to the Senior Subordinated Priority Debt Obligations under its Senior Subordinated
Priority Debt Facility in a manner consistent with the terms of this Agreement; 

  
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 (B) (1) any Second Priority Representative may take any action (not
adverse to the prior Liens on the Common Senior Priority/Second Priority Collateral securing the Senior Priority Obligations or the rights of the Senior Priority Representatives or the Senior Priority Secured Parties to exercise remedies in respect
thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien on, the Common Senior Priority/Second Priority Collateral and (2) any Senior Subordinated Priority
Representative may take any action (not adverse to the prior Liens on the Common Collateral securing the Non-Subordinated Priority Obligations or the rights of the
Non-Subordinated Priority Parties to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien on,
the Common Collateral; 
 (C) subject to, and without prejudice to, Section 5.01, any Second Priority Representative
and/or any Senior Subordinated Priority Representative may file any necessary or appropriate responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any Person objecting to or otherwise
seeking the disallowance of their claims or Liens, including any claims secured by the Common Senior Priority/Second Priority Collateral or the Common Collateral (as applicable), if any; 

(D) (1) any Second Priority Representative and/or any Senior Subordinated Priority Representative may join (but not
control) any foreclosure or other judicial lien proceeding with respect to the Common Senior Priority/Second Priority Collateral or the Common Collateral (as applicable) initiated by the Senior Priority Representative or any Senior Priority Secured
Party and (2) any Senior Subordinated Priority Representative may join (but not control) any foreclosure or other judicial lien proceeding with respect to the Common Collateral (as applicable) initiated by the Second Priority Representative or
any Second Priority Secured Party; 
 (E) any Second Priority Representative and any Senior Subordinated Priority
Representative may at all times seek specific performance or equitable relief to compel any Debtor to comply with any reporting obligations under the Second Priority Debt Documents or the Senior Subordinated Priority Debt Documents (as applicable)
(including inspection and similar rights) so long as such action does not hinder or otherwise interfere with (x) any Enforcement Action by the Senior Priority Representative or any Senior Priority Secured Party or (y) any Disposition of
Common Senior Priority/Second Priority Collateral or the Common Collateral (as applicable) during an Insolvency or Liquidation Proceeding; 

(F) any Second Priority Representative, Senior Subordinated Priority Representative, Second Priority Secured Party and/or
Senior Subordinated Priority Party may exercise their rights and remedies as unsecured creditors, solely to the extent as provided in Section 5.04; 

(G) any Second Priority Representative and/or any Senior Subordinated Priority Representative may exercise the rights and
remedies provided for in Section 6.03 and may vote on any proposed plan of reorganization or liquidation or similar dispositive restructuring plan in the manner as provided in Section 6.11; 

  
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 (H) from and after the Second Priority Enforcement Date, (i) any Second
Priority Representative may take any Enforcement Action (other than any Enforcement Action which also constitutes Collateral Enforcement Action) and (ii) the Designated Second Priority Representative may take any Enforcement Action (including,
for the avoidance of doubt, any Collateral Enforcement Action), and each Second Priority Representative and the Designated Second Priority Representative may exercise or seek to exercise any rights or remedies (including setoff) against any Debtor
in respect of any Second Priority Debt Obligations, or institute any action or proceeding with respect to such rights or remedies (including, in the case of the Designated Second Priority Representative only, any action of foreclosure); provided
that, if at any time the Designated Senior Priority Representative has commenced and is diligently pursuing any Collateral Enforcement Action with respect to any Common Senior Priority/Second Priority Collateral (the “Relevant Senior
Priority/Second Priority Collateral”), the Designated Second Priority Representative may not take Collateral Enforcement Action with respect to such Relevant Senior Priority/Second Priority Collateral (but, for the avoidance of doubt and
subject to the immediately following proviso, may take any other Enforcement Action which does not constitute Collateral Enforcement Action and/or any Collateral Enforcement Action with respect to Common Senior Priority/Second Priority Collateral
that does not constitute such Relevant Senior Priority/Second Priority Collateral) and provided further that, subject to paragraph (K) below, if the Designated Senior Priority Representative has given notice to the
Designated Second Priority Representative that any Common Senior Priority/Second Priority Collateral over shares in a Debtor or any holding company of a Debtor is being enforced (or that any formal steps are being taken to enforce such Common Senior
Priority/Second Priority Collateral) by the sale or appropriation of shares which are subject to such Common Senior Priority/Second Priority Collateral, neither the Designated Second Priority Representative nor any other Second Priority
Representative may take Enforcement Action against that Debtor or against any property of that Debtor in respect of any Second Priority Debt Obligations until the earlier of: (1) the date which is 90 days after the later of: (a) the date
on which the Designated Senior Priority Representative gave such notice; and (b) the Second Priority Enforcement Date; and (2) the date on which the Designated Senior Priority Representative notifies the Designated Second Priority
Representative (which it shall do promptly) that such action is no longer being taken; 
 (I) from and after the Senior
Subordinated Priority Enforcement Date, (i) any Senior Subordinated Priority Representative may take any Enforcement Action (other than any Enforcement Action which also constitutes Collateral Enforcement Action) and (ii) the Designated
Senior Subordinated Priority Representative may take any Enforcement Action (including, for the avoidance of doubt, any Collateral Enforcement Action), and each Senior Subordinated Priority Representative and the Designated Senior Subordinated
Priority Representative may exercise or seek to exercise any rights or remedies (including setoff) against any Debtor in respect of any Senior Subordinated Priority Debt Obligations, or institute any action or proceeding with respect to such rights
or remedies (including, in the case of the Designated Senior Subordinated Priority 

  
 34 

 
Representative only, any action of foreclosure) provided that, if at any time the Designated Senior Priority Representative (or, if the Discharge of Senior Priority Obligations has
occurred but the Discharge of Second Priority Debt Obligations has not occurred, the Designated Second Priority Representative) has commenced and is diligently pursuing any Collateral Enforcement Action with respect to any Common Collateral (the
“Relevant Common Collateral”), the Designated Senior Subordinated Priority Representative may not take Collateral Enforcement Action with respect to such Relevant Common Collateral (but, for the avoidance of doubt and subject to the
immediately following proviso, may take any other Enforcement Action which does not constitute Collateral Enforcement Action and/or any Collateral Enforcement Action with respect to Common Collateral that does not constitute such Relevant Common
Collateral) and provided further that, subject to paragraph (L) below, if the Designated Senior Priority Representative (or the Designated Second Priority Representative, as applicable) has given notice to the Designated
Senior Subordinated Priority Representative that the Common Collateral over shares in a Debtor or any holding company of a Debtor is being enforced (or that any formal steps are being taken to enforce such Common Collateral) by the sale or
appropriation of shares which are subject to such Common Collateral, neither the Designated Senior Subordinated Priority Representative nor any other Senior Subordinated Priority Representative may take Enforcement Action against that Debtor or
against any property of that Debtor in respect of any Senior Subordinated Priority Debt Obligations until the earlier of: (1) the date which is 90 days after the later of: (a) the date on which the Designated Senior Priority Representative
gave such notice; and (b) the Senior Subordinated Priority Enforcement Date; and (2) the date on which the Designated Senior Priority Representative (or the Designated Second Priority Representative, as applicable) notifies the Designated
Senior Subordinated Priority Representative (which it shall do promptly) that such action is no longer being taken; and 

(J) (1) following the occurrence of a Senior Acceleration Event, any Second Priority Representative and/or any Senior
Subordinated Priority Representative may take the same Enforcement Action (but in respect of the relevant liabilities) as constitutes that Senior Acceleration Event and (2) following the occurrence of a Second Priority Acceleration Event, any
Senior Subordinated Priority Representative may take the same Enforcement Action (but in respect of the relevant liabilities) as constitutes that Second Priority Acceleration Event. 

(K) after the occurrence of a Non-U.S. Insolvency Event, each Second Priority
Class Debt Party may (unless otherwise directed by the Designated Senior Priority Representative or unless the Designated Senior Priority Representative has taken, or has given notice that it intends to take, action on behalf of that Second
Priority Class Debt Party in accordance with Section 10.3) exercise any right they may otherwise have against that Non-U.S. Debtor to: (i) accelerate any of that
Non-U.S. Debtor’s Second Priority Debt Obligations or declare them prematurely due and payable or payable on demand; (ii) make demand under any guarantee, indemnity, or other assurance against loss
given by that Non-U.S. Debtor in respect of any Second Priority Debt Obligations; and (iii) exercise any right of set-off or receive any payment in respect of any
Second Priority Debt Obligations of that Non-U.S. Debtor; and 

  
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 (L) after the occurrence of a
Non-U.S. Insolvency Event, each Senior Subordinated Priority Party may (unless otherwise directed by the Designated Senior Priority Representative or unless the Designated Senior Priority Representative has
taken, or has given notice that it intends to take, action on behalf of that Senior Subordinated Priority Party in accordance with Section 10.3) exercise any right they may otherwise have against that
Non-U.S. Debtor to: (i) accelerate any of that Non-U.S. Debtor’s Senior Subordinated Priority Debt Obligations or declare them prematurely due and payable or
payable on demand; (ii) make demand under any guarantee, indemnity, or other assurance against loss given by that Non-U.S. Debtor in respect of any Senior Subordinated Priority Debt Obligations; and
(iii) exercise any right of set-off or receive any payment in respect of any Senior Subordinated Priority Debt Obligations of that Non-U.S. Debtor. 

In exercising rights and remedies with respect to the Senior Priority Collateral, the Senior Priority Representatives and the Senior Priority Secured Parties
may enforce the provisions of the Senior Priority Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion. Such exercise and enforcement shall include the
rights of an agent appointed by them to sell or otherwise dispose of Common Senior Priority/Second Priority Collateral, Common Collateral and any other Senior Priority Collateral upon foreclosure, to incur expenses in connection with such sale or
disposition and to exercise all the rights and remedies of a secured lender under the Uniform Commercial Code of any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any applicable jurisdiction (even if it involves
multiple-representation, self-contracting or conflict of interest). 
 (b) (i) So long as the Discharge of Senior Priority Obligations
has not occurred, each Second Priority Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility, agrees that it will not take or receive any Common Senior Priority/Second Priority Collateral
or any proceeds of Common Senior Priority/Second Priority Collateral in connection with the exercise of any right or remedy (including setoff) with respect to any Common Senior Priority/Second Priority Collateral in respect of Second Priority Debt
Obligations and (ii) so long as the Discharge of Senior Priority Obligations and the Discharge of Second Priority Debt Obligations have not occurred, each Senior Subordinated Priority Representative, on behalf of itself and each Senior
Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, agrees that it will not take or receive any Common Collateral or any proceeds of Common Collateral in connection with the exercise of any right or remedy (including
setoff) with respect to any Common Collateral in respect of Senior Subordinated Priority Debt Obligations. Without limiting the generality of the foregoing and except as expressly provided in the provisos to Section 3.01(a), (x) subject to
clause (H) of the proviso to Section 3.01(a), unless and until the Discharge of Senior Priority Obligations has occurred, the sole right of the Second Priority Representatives and the Second Priority Secured Parties with respect to the
Common Senior Priority/Second Priority Collateral is to hold a Lien on the Common Senior Priority/Second Priority Collateral in respect of Second Priority Debt Obligations pursuant to the Second Priority Debt Documents and (y) subject to clause
(I) of the proviso to Section 3.01(a), unless and until the Discharge of Senior Priority Obligations and the Discharge of Second Priority Debt Obligations have occurred, the sole right of the Senior Subordinated Priority Representatives
and the Senior Subordinated Priority Parties with respect to the Common Collateral is to hold a Lien on the Common Collateral in respect of Senior Subordinated Priority Debt Obligations pursuant to the Senior Subordinated Priority Debt Documents, in
each case for the period and to the extent granted therein and to receive in each case a share of the proceeds thereof, if any, after the Discharge of Senior Priority Obligations and the Discharge of Second Priority Debt Obligations have occurred.

  
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 (c) Subject to the provisos to Section 3.01(a), (i) each Second Priority
Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, agrees that neither such Second Priority Representative nor any such Second Priority Secured Party will take any action that
would hinder, delay or interfere with any Enforcement Action by any Senior Priority Representative or any Senior Priority Secured Party, including any Disposition of the Collateral, whether by foreclosure or otherwise, (ii) the HY Proceeds Loan
Creditor and each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, agrees that none of the HY Proceeds Loan Creditor, such Senior
Subordinated Priority Representative or any such Senior Subordinated Priority Party will take any action that would hinder, delay or interfere with any Enforcement Action by any Senior Priority Representative or any Senior Priority Secured Party,
including any Disposition of the Common Collateral, whether by foreclosure or otherwise, and (iii) each Second Priority Representative (for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility), the
HY Proceeds Loan Creditor and each Senior Subordinated Priority Representative (for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility), hereby waives any and all rights it or any
such Second Priority Secured Party or Senior Subordinated Priority Party (as applicable) may have as a junior lien creditor or otherwise to object to the manner in which the Senior Priority Representatives or the Senior Priority Secured Parties seek
to enforce or collect the Senior Priority Obligations or the Liens granted on any of the Senior Priority Collateral, regardless of whether any action or failure to act by or on behalf of any Senior Priority Representative or any other Senior
Priority Secured Party is adverse to the interests of the Second Priority Secured Parties or the Senior Subordinated Priority Parties. 
 (d)
Each Second Priority Representative and each Senior Subordinated Priority Representative hereby acknowledges and agrees that no covenant, agreement or restriction contained in any Second Priority Debt Document or Senior Subordinated Priority Debt
Document (as applicable) shall be deemed to restrict in any way the rights and remedies of the Senior Priority Representatives or the Senior Priority Secured Parties with respect to the Senior Priority Collateral as set forth in this Agreement and
the Senior Priority Debt Documents. 
 (e) Until the Discharge of Senior Priority Obligations, except as expressly provided in the provisos
to Section 3.01(a), the Designated Senior Priority Representative shall have the exclusive right to exercise any right or remedy with respect to the Common Senior Priority/Second Priority Collateral, the Common Collateral and any other Senior
Priority Collateral and shall have the exclusive right to determine and direct the time, method and place for exercising such right or remedy or conducting any proceeding with respect thereto; provided, however, that (i) any
Second Priority Representative and the Second Priority Secured Parties may exercise any of their rights or remedies with respect to the Common Senior Priority/Second Priority Collateral and (ii) any Senior Subordinated Priority Representative
and the Senior Subordinated Priority Parties may exercise any of their rights or remedies with respect to the Common Collateral, in each case to the extent permitted by the provisos in Section 3.01(a) and Sections 6.01 and 6.03. 

(f) (i) Following the Discharge of Senior Priority Obligations or (ii) to the extent that the Second Priority Secured Parties are
then permitted to enforce or require the enforcement of the Collateral under this Section 3.01 and the other provisions of this Agreement, the Second Priority Secured Parties shall have all of the rights provided to the Senior Priority Secured
Parties (as applicable) under this Section 3.01 mutatis mutandis (at the cost of the Debtors in accordance with the terms of the applicable Second Priority Debt Document and without any consent, sanction, authority or further
confirmation from any Second Priority Secured Party, Senior Subordinated Priority Party, Intra-Group Lender, Debtor or the Honeywell Indemnitee). 

  
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 (g) (i) Following the Discharge of Senior Priority Obligations and the Discharge of
Second Priority Debt Obligations or (ii) to the extent that the Senior Subordinated Secured Parties are then permitted to enforce or require the enforcement of the Collateral under this Section 3.01 and the other provisions of this
Agreement, the Senior Subordinated Secured Priority Secured Parties shall have all of the rights provided to the Senior Priority Secured Parties (as applicable) under this Section 3.01 mutatis mutandis (at the cost of the Debtors in
accordance with the terms of the applicable Senior Subordinated Priority Debt Document and without any consent, sanction, authority or further confirmation from any Senior Subordinated Priority Party, Intra-Group Lender, Debtor or the Honeywell
Indemnitee). 
 (h) Notwithstanding anything in this Agreement or any other Senior Priority Debt Document or Second Priority Debt Document or
Senior Subordinated Priority Debt Document to the contrary, the restrictions in this Section 3.01 will not apply with respect to any Enforcement Action set out in paragraph (a)(i), (a)(ii), (a)(iii), or (a)(iv) of that definition which is taken
by a Senior Subordinated Notes Secured Party against a Notes Issuer in respect of the Senior Subordinated Notes Indenture Obligations. 

SECTION 3.02. Cooperation. 

(a) Subject to the provisos to Section 3.01(a), each Second Priority Representative, on behalf of itself and each Second Priority Secured
Party under its Second Priority Debt Facility, agrees that, unless and until the Discharge of Senior Priority Obligations has occurred, it will not commence, or join with any Person (other than the Senior Priority Secured Parties and the Senior
Priority Representatives upon the request of the Designated Senior Priority Representative) in commencing, any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it in the Common Senior
Priority/Second Priority Collateral under any of the Second Priority Debt Documents or otherwise in respect of the Second Priority Debt Obligations. 

(b) Subject to the provisos to Section 3.01(a), the HY Proceeds Loan Creditor and each Senior Subordinated Priority Representative, on
behalf of itself and each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, agrees that, unless and until the Discharge of Senior Priority Obligations and Second Priority Debt Obligations has occurred, it will
not commence, or join with any Person (other than (i) prior to the Discharge of Senior Priority Obligations, the Senior Priority Secured Parties and the Senior Priority Representatives upon the request of the Designated Senior Priority
Representative and (ii) following the Discharge of Senior Priority Obligations, the Second Priority Secured Parties and the Second Priority Representatives upon the request of the Designated Second Priority Representative) in commencing, any
enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it in the Common Collateral under any of the Senior Subordinated Priority Debt Documents or otherwise in respect of the Senior Subordinated
Priority Debt Obligations. 
 SECTION 3.03. Actions upon Breach. 

Should any Second Priority Representative, Senior Subordinated Priority Representative, Second Priority Secured Party or Senior Subordinated
Priority Party contrary to this Agreement, in any way take, attempt to take or threaten to take any Enforcement Action or other action with respect to the Collateral (including any attempt to realize upon or enforce any remedy with respect to this
Agreement) or fail to take any action required by this Agreement, (i) any Senior Priority Representative or other Senior Priority Secured Party (in its or their own name or in the name of a Borrower or any other Debtor) may obtain relief
against such Second Priority Representative or such Second Priority Secured Party, and (ii) any Non-Subordinated Priority Party (in its or their own name or in the name of a Borrower or any other Debtor)
may obtain relief against such Senior Subordinated Priority Representative or Senior 

  
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Subordinated Priority Party. Each Second Priority Representative (on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility) and each Senior Subordinated
Priority Representative (on behalf of itself and each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility) hereby (i) agrees that (A) the Senior Priority Secured Parties’ damages from the actions of
the Non-Senior Priority Parties or (B) the Non-Subordinated Priority Parties’ damages from the actions of the Senior Subordinated Priority Representatives may,
in each case, at that time be difficult to ascertain and may be irreparable and waives any defense that the Senior Priority Secured Parties, Second Priority Secured Parties or Senior Subordinated Priority Parties (as applicable) cannot demonstrate
damage or be made whole by the awarding of damages and (ii) irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be
brought by any Senior Priority Secured Party or any Non-Senior Priority Party. 

SECTION 3.04. Appointment of the Designated Senior Priority Representative. 

Each Senior Priority Representative and each Senior Priority Secured Party agrees, solely as among themselves in such capacity and solely for
their mutual benefit, that the Senior Priority Representative designated as the Designated Senior Priority Representative (or any Person authorized by the Designated Senior Priority Representative) shall have the sole right and power, as among the
Senior Priority Representatives and Senior Priority Secured Parties, to take and direct any right or remedy with respect to Senior Priority Collateral in accordance with the terms of this Agreement and the relevant Collateral Documents.
Notwithstanding anything herein to the contrary, the Designated Senior Priority Representative has no obligation to act hereunder unless instructed to do so by the Majority Senior Priority Secured Parties. No Senior Priority Secured Party, other
than the Designated Senior Priority Representative (or any Person authorized by the Designated Senior Priority Representative) (subject to the provisions of this Agreement), may commence any judicial or
non-judicial foreclosure proceedings with respect to, seek to have a trustee, receiver, receiver and manager, liquidator or similar official appointed for or over, attempt any action to take possession of,
exercise any right, remedy or power with respect to, or otherwise take any action to enforce its security interest in or realize upon, or take any other action available to it in respect of, any Senior Priority Collateral, whether under any
Additional Senior Priority Debt Document, applicable law or otherwise. The Designated Senior Priority Representative shall act for the Senior Priority Secured Parties as provided in this Agreement, and shall be entitled to so act at the direction or
with the consent of Majority Senior Priority Secured Parties. 
 SECTION 3.05. Appointment of the Designated Second
Priority Representative. 
 Each Second Priority Representative and Second Priority Secured Party agrees, solely as among themselves in
such capacity and solely for their mutual benefit, that the Second Priority Representative designated as the Designated Second Priority Representative (or any Person designated by the Designated Second Priority Representative) shall have the sole
right and power, as among the Second Priority Representatives and Second Priority Secured Parties, to take and direct any right or remedy with respect to Second Priority Collateral in accordance with the terms of this Agreement and the relevant
Collateral Documents. Notwithstanding anything herein to the contrary, the Designated Second Priority Representative has no obligation to act hereunder unless instructed to do so by the Majority Second Priority Secured Parties. As among the Second
Priority Secured Parties, no Second Priority Secured Party, other than the Designated Second Priority Representative (or any Person acting upon the instruction of the Designated Second Priority Representative) (subject to the provisions of this
Agreement), may commence any judicial or non-judicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take
possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce 

  
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its security interest in or realize upon, or take any other action available to it in respect of, any Second Priority Collateral, whether under any Second Priority Debt Document, applicable law
or otherwise. The Designated Second Priority Representative shall act for the Second Priority Secured Parties as provided in this Agreement, and shall be entitled to so act at the direction or with the consent of Majority Second Priority Secured
Parties. 
 SECTION 3.06. Appointment of the Designated Senior Subordinated Priority Representative. 

Each Senior Subordinated Priority Representative and Senior Subordinated Secured Party agrees, solely as among themselves in such capacity and
solely for their mutual benefit, that the Senior Subordinated Priority Representative designated as the Designated Senior Subordinated Priority Representative (or any Person designated by the Designated Senior Subordinated Priority Representative)
shall have the sole right and power, as among the Senior Subordinated Priority Representatives and Senior Subordinated Priority Parties, to take and direct any right or remedy with respect to Senior Subordinated Priority Collateral in accordance
with the terms of this Agreement and the relevant Collateral Documents. Notwithstanding anything herein to the contrary, the Designated Senior Subordinated Priority Representative has no obligation to act hereunder unless instructed to do so by the
Majority Senior Subordinated Priority Secured Parties. As among the Senior Subordinated Priority Parties, no Senior Subordinated Priority Party, other than the Designated Senior Subordinated Priority Representative (or any Person acting upon the
instruction of the Designated Senior Subordinated Priority Representative) (subject to the provisions of this Agreement), may commence any judicial or non-judicial foreclosure proceedings with respect to, seek
to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its security interest in or
realize upon, or take any other action available to it in respect of, any Senior Subordinated Priority Collateral, whether under any Senior Subordinated Priority Debt Document, applicable law or otherwise. The Designated Senior Subordinated Priority
Representative shall act for the Senior Subordinated Priority Parties as provided in this Agreement, and shall be entitled to so act at the direction or with the consent of the Majority Senior Subordinated Priority Secured Parties. 

ARTICLE 4 
 PAYMENTS 

SECTION 4.01. Application of Proceeds. 

Regardless of whether an Insolvency or Liquidation Proceeding has been commenced, (i) the Collateral or proceeds thereof received in
connection with the sale or other disposition of, or collection on, such Collateral upon the exercise of remedies and (ii) any other amounts (subject to the rights of the Senior Priority Secured Parties under the Senior Priority Debt Documents)
paid over to the Designated Senior Priority Representative (or, following the Discharge of Senior Priority Obligations, the Designated Second Priority Representative, or, following the Discharge of Senior Priority Obligations and the Discharge of
Second Priority Debt Obligations, the Designated Senior Subordinated Priority Representative) in accordance with this Agreement (including in respect of Guarantee Liabilities) (A) first, shall be applied to the payment in full in cash of
all fees and expenses incurred in connection with the exercise of any rights or remedies permitted hereunder owing to the Senior Secured Collateral Agent (in its capacity as such) pursuant to the terms of any Senior Priority Debt Document,
(B) second, shall be applied by the Designated Senior Priority Representative to the Senior Priority Obligations in such order as specified in Section 12.01, until the Discharge of Senior Priority Obligations has occurred,
(C) third, upon the Discharge of Senior Priority Obligations, shall be applied by the Designated Second Priority 

  
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Representative to the Second Priority Debt Obligations in such order as specified in Section 13.01, until the Discharge of Second Priority Debt Obligations has occurred,
(D) fourth, upon the Discharge of Senior Priority Obligations and the Discharge of Second Priority Debt Obligations, shall be applied by the Designated Senior Subordinated Priority Representative, to the Senior Subordinated Priority Debt
Obligations in such order as specified in Section 14.01 until the Discharge of Senior Subordinated Priority Debt Obligations has occurred, (E) fifth, upon the Discharge of Senior Priority Obligations, Discharge of Second Priority
Debt Obligations and Discharge of Senior Subordinated Priority Debt Obligations, shall be applied by the Honeywell Indemnitee to the Honeywell Indemnity Obligations in accordance with the terms of the Honeywell Indemnity Documents until the
Honeywell Indemnity Obligations have been paid in full or otherwise satisfied or discharged in accordance with the terms thereof, (F) sixth, if none of the Debtors is under any further actual or contingent liability under any Senior
Priority Debt Document, Second Priority Debt Document, Senior Subordinated Priority Debt Document or Honeywell Indemnity Document, shall be applied in payment or distribution to any Person to whom the Applicable Designated Representative is obliged
to pay or distribute in priority to any Debtor and (G) seventh, the balance, if any, shall be applied in payment or distribution to the relevant Debtor. Upon (x) the Discharge of Senior Priority Obligations, each applicable Senior
Priority Representative shall deliver promptly to the Designated Second Priority Representative any Common Senior Priority/Second Priority Collateral or proceeds thereof or amounts otherwise received in accordance with this Agreement held by it in
the same form as received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct and (y) the Discharge of Senior Priority Obligations and the Discharge of Second Priority Debt Obligations, each applicable
Senior Priority Representative and Second Priority Representative shall deliver promptly to the Designated Senior Subordinated Priority Representative any Common Collateral or proceeds thereof or amounts otherwise received in accordance with this
Agreement held by it in the same form as received, with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. 

SECTION 4.02. Payments Over 

(a) Subject, in the case of a Notes Trustee, to Section 15.25, if at any time any Creditor (other than a Senior Priority Secured Party)
receives or recovers from any member of the Group (other than in accordance with Section 4.01): (i) any Collateral or proceeds thereof in connection with the exercise by any Creditor of any right or remedy (including setoff) relating to the
Collateral; (ii) any Payment or distribution of, or on account of or in relation to any of the Guarantee Liabilities; (iii) any Payment or distribution of, or on account of or in relation to any of the Liabilities which is prohibited by
the terms of this Agreement; (iv) (other than after the occurrence of any Insolvency or Liquidation Proceeding in respect of that member of the Group) any amount on account of, or in relation to, any of the Liabilities after a Distress Event (other
than a Distress Event which is constituted by a Creditor which is not a Representative exercising an acceleration right (howsoever described) to demand repayment of any Obligations); or (v) any distribution in cash or in kind or Payment by a Non-U.S. Debtor of, or on account of or in relation to, any of the Liabilities which is made as a result of, or after the occurrence of, a Non-U.S. Insolvency Event in respect
of such Non-U.S. Debtor, then such Collateral or amount shall, in each case, be segregated and held in trust or, to the extent the concept of trust is not recognized in the relevant jurisdiction, held on
behalf of and for the benefit of and forthwith paid over to (a) so long as the Discharge of Senior Priority Obligations has not occurred, the Designated Senior Priority Representative for the benefit of the Senior Priority Secured Parties,
(b) upon the Discharge of Senior Priority Obligations and so long as the Discharge of Second Priority Debt Obligations has not occurred, the Designated Second Priority Representative for the benefit of the Second Priority Secured Parties,
(c) upon the Discharge of Second Priority Debt Obligations and so long as the Discharge of Senior Subordinated Priority Debt Obligations has not occurred, to the Designated Senior Subordinated Priority Representative for the benefit of the
Senior Subordinated Priority Parties, in each case in the same form as received, with 

  
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any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. The Designated Senior Priority Representative, the Designated Second Priority Representative or the
Designated Senior Subordinated Priority Representative (as applicable) is hereby authorized to make any such endorsements as agent for each of the Creditors (other than the Senior Priority Secured Parties) (as applicable). This authorization is
coupled with an interest and is irrevocable. 
 (b) Section 4.02(a) shall not apply to any receipt or recovery from a Notes Issuer in
respect of the Senior Subordinated Notes Indenture Obligations from assets which do not constitute Collateral. 
 SECTION
4.03. Second Priority Payment Stop Notices and Automatic Block Events 
 (a) So long as the Discharge of Senior Priority Obligations
has not occurred, Holdings shall not, and shall procure that no other member of the Group will, make any Payment of the Second Priority Debt Obligations if (x) a Senior Priority Payment Default has occurred and is continuing or (y) a
Second Priority Payment Stop Notice is outstanding, except if and to the extent the payment is not otherwise prohibited under the Debt Documents and: (i) the Payment is of any fees, costs, taxes and expenses of a Second Priority Representative
payable to such Second Priority Representative for its own account pursuant to the relevant Second Priority Debt Documents or any engagement letter between a Second Priority Representative and a Debtor (including any amount payable to a Second
Priority Representative by way of indemnity, remuneration or reimbursement for expenses incurred) and the costs incurred by a Second Priority Representative in connection with any actual or attempted Enforcement Action which is permitted by this
Agreement; (ii) (A) an event of default under, and as defined in, the Second Priority Debt Documents has occurred and is continuing and the Payment is of any commercially reasonable fees, costs, taxes and expenses of a Second Priority
Representative or any third party professional advisers payable by the Second Priority Secured Parties in respect of restructuring advice or valuations relating to the Group (other than those payable in connection with disputing any aspect of a
Distressed Disposal, an appropriation or a Debt Disposal or any provision of a Senior Priority Debt Document, a Second Priority Debt Document or this Agreement and excluding any fees, costs, taxes or expenses incurred in connection with any current,
threatened or pending litigation against any Senior Priority Secured Party or any Affiliate of any Senior Priority Secured Party) and (B) no Senior Priority Payment Default has occurred and is continuing; (iii) the Payment is of any
reasonable costs, commissions, taxes, and expenses not the subject of limb (ii) above incurred in respect of (or reasonably incidental to) any Second Priority Debt Documents and its related finance documents (including in relation to any
reporting or listing requirements under such Second Priority Debt Document or its related finance documents); (iv) the Payment is of an amendment, consent and/or waiver fee in respect of any consent granted under, or waiver or amendment of any
provision of, a Second Priority Debt Document in an amount which, when expressed as a percentage of the principal amount of the Second Priority Debt Obligations (or the affected principal amount), does not exceed the amount of the corresponding
amendment, consent and/or waiver fee which has been paid to the Senior Priority Secured Parties under each relevant Senior Priority Debt Document (when expressed as a percentage of the principal amount of the Senior Priority Obligations owed to the
Senior Priority Secured Parties (or the affected principal amount)); (v) the capitalization of interest or the issuance of a non-cash pay financial instrument evidencing the same which is subordinated to the
Senior Priority Obligations pursuant to this Agreement on the same terms as the Second Priority Debt Obligations; (vi) any closing payment due pursuant to any notes purchase agreement (or equivalent) that is a Second Priority Debt Document or
other upfront fees due in respect of any credit agreement that is a Second Priority Debt Document to the extent such closing payment or upfront fees are financed by the proceeds from the relevant Second Priority Debt Document; (vii) if the
Senior Priority Obligations are being refinanced simultaneously, the Payment is funded directly or indirectly with the proceeds of indebtedness permitted under the Debt Documents (after giving pro forma effect to such incurrence and the application
of such indebtedness) or (viii) the Designated Senior Priority Representative gives prior consent to that Payment being made. 

  
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 (b) A Second Priority Payment Stop Notice is “outstanding” during the period from
the date on which, following the occurrence of an Event of Default (other than a Senior Priority Payment Default) under, and as defined in, the Senior Secured Credit Agreement (or any similar event of default provisions of any Additional Senior
Priority Debt Document) that is continuing and has not been remedied or waived (a “Second Priority Payment Stop Event”), the relevant Senior Priority Representative issues a notice (a “Second Priority Payment Stop
Notice”) to the Second Priority Representatives (with a copy to Holdings) advising that a Second Priority Payment Stop Event has occurred and is continuing and suspending Payments of the Second Priority Debt Obligations (other than those
permitted under clause (a) above during such time) until the first to occur of: (i) the date which is 120 days after the date of issue of that Second Priority Payment Stop Notice; (ii) if the Second Priority Representative issues the
notice referred to in clause (ii) of the definition of “Second Priority Enforcement Date” to the relevant Senior Priority Representative after the issue of a Second Priority Payment Stop Notice, the Second Priority Enforcement
Date; (iii) the date on which the relevant Second Priority Payment Stop Event in respect of which that Second Priority Payment Stop Notice was issued is no longer continuing; (iv) the date on which the relevant Senior Priority
Representative cancels that Second Priority Payment Stop Notice by notice to the relevant Second Priority Representatives (with a copy to Holdings); and (v) the date on which the Discharge of Senior Priority Obligations has occurred. 

(c) Subject to clause (d) below: (i) no Second Priority Payment Stop Notice may be served by a Senior Priority Representative in reliance
on a particular Second Priority Payment Stop Event more than 120 days after the relevant Senior Priority Representative receives a notice under the relevant Senior Priority Debt Document advising of the occurrence of the Event of Default (under, and
as defined in, the Senior Secured Credit Agreement or any similar event of default provisions of any Additional Senior Priority Debt Document) constituting that Second Priority Payment Stop Event; (ii) no more than one Second Priority Payment
Stop Notice may be served by a Senior Priority Representative with respect to the same event or set of circumstances and (iii) no more than one Second Priority Payment Stop Notice may be served in any period of 365 days. 

(d) If a Senior Priority Representative is instructed to serve (or cancel) a Second Priority Payment Stop Notice under clause (b) above,
it shall also serve an (or, as the case may be, cancel each) equivalent Second Priority Payment Stop Notice in respect of any other Second Priority Debt Obligations. 

(e) Any failure to make a Payment due under the Second Priority Debt Documents as a result of the issue of a Second Priority Payment Stop
Notice or the occurrence of a Senior Priority Payment Default shall not prevent: (i) the occurrence of an event of default under, and as defined in, any Second Priority Debt Document as a consequence of that failure to make a Payment in
relation to the relevant Second Priority Debt Document; or (ii) the issue by a Second Priority Representative of the notice referred to in clause (ii) of the definition of “Second Priority Enforcement Date”. 

(f) No Debtor shall be released from the liability to make any Payment (including of default interest which shall continue to accrue) under any
Second Priority Debt Document by the operation of clauses (a) to (e) above even if its obligation to make that Payment is restricted at any time by the terms of any of those clauses; and the accrual and (if applicable) capitalization of
interest in accordance with the Second Priority Debt Documents shall continue notwithstanding the issue of a Second Priority Payment Stop Notice or the occurrence of a Senior Priority Payment Default. 

  
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 (g) If: (i) at any time following the issue of a Second Priority Payment Stop Notice or
the occurrence of a Senior Priority Payment Default, that Second Priority Payment Stop Notice ceases to be outstanding and/or (as the case may be) the Senior Priority Payment Default ceases to be continuing; and (ii) the relevant Debtor then
promptly pays to the relevant Second Priority Secured Parties an amount equal to any Payments which had accrued under the Second Priority Debt Documents and which would have been permitted to be paid under this Agreement but for that Second Priority
Payment Stop Notice or Senior Priority Payment Default, then any event of default under, and as defined in, any Debt Document (including any cross-default or similar provision) which may have occurred as a result of that suspension of Payments shall
be waived and any notice which may have been issued by a Second Priority Representative pursuant to clause (ii) of the definition of “Second Priority Enforcement Date” as a result of that event of default shall be deemed to be
cancelled, in each case, without any further action being required on the part of the Secured Parties and notwithstanding the terms of any Debt Document. 

(h) So long as the Discharge of Senior Priority Obligations has not occurred, Holdings shall not, and shall procure that no other member of the
Group will, enter into any Debt Purchase Transaction in respect of the Second Priority Debt Obligations or beneficially own all or any part of the share capital of a company that is a Second Priority Secured Party or a party to a Debt Purchase
Transaction in respect of the Second Priority Debt Obligations at any time that a Senior Priority Payment Default has occurred and is continuing or a Senior Priority Payment Stop Notice is outstanding. 

SECTION 4.04. Senior Subordinated Payment Stop Notices and Automatic Blocking Events. 

(a) So long as the Discharge of Senior Priority Obligations and the Discharge of Second Priority Debt Obligations has not occurred, Holdings
shall not, and shall procure that no other member of the Group will, make any Payment of the Senior Subordinated Priority Debt Obligations if (x) a Senior Priority Payment Default has occurred and is continuing; (y) a Second Priority
Payment Default has occurred and is continuing; or (z) a Senior Subordinated Priority Payment Stop Notice is outstanding, except if and to the extent the payment is not otherwise prohibited under the Debt Documents and: (i) the Payment is
of any fees, costs, taxes and expenses of a Senior Subordinated Priority Representative payable to such Senior Subordinated Priority Representative for its own account pursuant to the relevant Senior Subordinated Priority Debt Documents or any
engagement letter between a Senior Subordinated Priority Representative and a Debtor (including any amount payable to a Senior Subordinated Priority Representative by way of indemnity, remuneration or reimbursement for expenses incurred) and the
costs incurred by a Senior Subordinated Priority Representative in connection with any actual or attempted Enforcement Action which is permitted by this Agreement; (ii) (A) an event of default under, and as defined in, the Senior Subordinated
Priority Debt Documents has occurred and is continuing and the Payment is of any commercially reasonable fees, costs, taxes and expenses of a Senior Subordinated Priority Representative or any third party professional advisers payable by the Senior
Subordinated Priority Secured Parties in respect of restructuring advice or valuations relating to the Group (other than those payable in connection with disputing any aspect of a Distressed Disposal, an appropriation or a Debt Disposal or any
provision of a Senior Priority Debt Document, a Second Priority Debt Document, a Senior Subordinated Priority Debt Document or this Agreement and excluding any fees, costs, taxes or expenses incurred in connection with any current, threatened or
pending litigation against any Senior Priority Secured Party, any Affiliate of any Senior Priority Secured Party, any Second Priority Secured Party or any Affiliate of any Second Priority Secured Party) and (B) no Senior Priority Payment
Default or Second Priority Payment Default has occurred and is continuing; (iii) the Payment is of any reasonable costs, commissions, taxes, and expenses not the subject of limb (ii) above incurred in respect of (or reasonably incidental
to) any Senior Subordinated Priority Debt Document and its related finance documents (including in relation to any reporting or listing requirements under such Senior Subordinated Priority Debt Document or its related finance documents); (iv) the
Payment is of an amendment, consent and/or waiver fee in respect of any consent granted under, or waiver or amendment of any provision of, a Senior Subordinated Priority Debt Document in an amount which, when expressed as a percentage of the

  
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principal amount of the Senior Subordinated Priority Debt Obligations (or the affected principal amount), does not exceed the amount of the corresponding amendment, consent and/or waiver fee
which has been paid to (A) the Senior Priority Secured Parties under each relevant Senior Priority Debt Document (when expressed as a percentage of the principal amount of the Senior Priority Obligations owed to the Senior Priority Secured
Parties (or the affected principal amount) or (B) if no such fee is paid to the Senior Priority Secured Parties, the Second Priority Secured Parties under each relevant Second Priority Debt Document (when expressed as a percentage of the
principal amount of the Second Priority Debt Obligations owed to the Second Priority Secured Parties (or the affected principal amount)); (v) the capitalization of interest or the issuance of a non-cash pay
financial instrument evidencing the same which is subordinated to the Non-Subordinated Priority Obligations pursuant to this Agreement on the same terms as the Senior Subordinated Priority Debt Obligations;
(vi) any closing payment due pursuant to any notes purchase agreement (or equivalent) that is a Senior Subordinated Priority Debt Document or other upfront fees due in respect of any credit agreement that is a Senior Subordinated Priority Debt
Document to the extent such closing payment or upfront fees are financed by the proceeds from the relevant Senior Subordinated Priority Debt Documents; (vii) if the Non-Subordinated Priority Obligations
are being refinanced simultaneously, the Payment is funded directly or indirectly with the proceeds of indebtedness permitted under the Debt Documents (after giving pro forma effect to such incurrence and the application of such indebtedness); or
(viii) the Designated Senior Priority Representative and the Designated Second Priority Representative gives prior consent to that Payment being made. 

(b) A Senior Subordinated Priority Payment Stop Notice is “outstanding” during the period from the date on which, following the
occurrence of an event of default (other than a Senior Priority Payment Default or a Second Priority Payment Default) under, and as defined in, any Senior Priority Debt Document or any Second Priority Debt Document that is continuing and has not
been remedied or waived (a “Senior Subordinated Priority Payment Stop Event”), the relevant Senior Priority Representative and/or the relevant Senior Priority Representative issues a notice (a “Senior Subordinated Priority
Payment Stop Notice”) to a Senior Subordinated Priority Representative (with a copy to Holdings) advising that a Senior Subordinated Priority Payment Stop Event has occurred and is continuing and suspending Payments of the Senior
Subordinated Priority Debt Obligations (other than those permitted under clause (a) above during such time) until the first to occur of: (i) the date which is 120 days after the date of issue of that Senior Subordinated Priority Payment
Stop Notice (or, if two Senior Subordinated Payment Stop Notices have been issued, the date which is 120 days after the date of issue of the later Senior Subordinated Payment Stop Notice); (ii) if the Senior Subordinated Priority Representative
issues the notice referred to in clause (ii) of the definition of “Senior Subordinated Priority Enforcement Date” to the relevant Senior Priority Representative and the Relevant Second Priority Representative after the issue of
a Senior Subordinated Priority Payment Stop Notice, the Senior Subordinated Priority Enforcement Date; (iii) the date on which the relevant Senior Subordinated Priority Payment Stop Event(s) in respect of which that Senior Subordinated Priority
Payment Stop Notice was issued is no longer continuing; (iv) the date on which the relevant Senior Priority Representative and the relevant Second Priority Representative (as applicable) cancels that Senior Subordinated Priority Payment Stop
Notice by notice to the relevant Senior Subordinated Priority Representatives (with a copy to Holdings); and (v) the date on which the Discharge of Senior Priority Obligations and/or the Discharge of the Second Priority Debt Obligations (as
applicable) has occurred. 
 (c) Subject to clause (d) below: (i) no Senior Subordinated Priority Payment Stop Notice may be served by a
Senior Priority Representative in reliance on a particular Senior Subordinated Priority Payment Stop Event more than 120 days after the relevant Senior Priority Representative receives a notice under the relevant Senior Priority Debt Document
advising of the occurrence of the event of default (under, and as defined in, the relevant Senior Priority Debt Document) constituting that Senior Subordinated Priority Payment Stop Event; (ii) no Senior Subordinated Priority Payment Stop
Notice may be served by a Second Priority Representative in reliance on a particular Senior Subordinated Priority 

  
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Payment Stop Event more than 120 days after the relevant Second Priority Representative receives a notice under the relevant Second Priority Debt Document advising of the occurrence of the event
of default (under, and as defined in, the relevant Second Priority Debt Document) constituting that Senior Subordinated Priority Payment Stop Event; (iii) no more than one Senior Subordinated Priority Payment Stop Notice may be served by a
Senior Priority Representative with respect to the same event or set of circumstances; and (iv) no more than one Senior Subordinated Priority Payment Stop Notice may be served by a Second Priority Representative with respect to the same event
or set of circumstances; (v) no more than one Senior Subordinated Priority Payment Stop Notice may be served by a Senior Priority Representative in any period of 365 days; and (vi) no more than one Senior Subordinated Priority Payment Stop
Notice may be served by a Second Priority Representative in any period of 365 days. 
 (d) If a Senior Priority Representative or Second
Priority Representative is instructed to serve (or cancel) a Senior Subordinated Priority Payment Stop Notice under clause (b) above, it shall also serve an (or, as the case may be, cancel each) equivalent Senior Subordinated Priority Payment
Stop Notice in respect of any other Senior Subordinated Priority Debt Obligations. 
 (e) Any failure to make a Payment due under the Senior
Subordinated Priority Debt Documents as a result of the issue of a Senior Subordinated Priority Payment Stop Notice or the occurrence of either a Senior Priority Payment Default or a Second Priority Payment Default shall not prevent: (i) the
occurrence of an event of default under, and as defined in, any Senior Subordinated Priority Debt Document as a consequence of that failure to make a Payment in relation to the relevant Senior Subordinated Priority Debt Document; or (ii) the
issue by a Senior Subordinated Priority Representative of the notice referred to in clause (ii) of the definition of “Senior Subordinated Priority Enforcement Date”. 

(f) No Debtor shall be released from the liability to make any Payment (including of default interest which shall continue to accrue) under any
Senior Subordinated Priority Debt Document by the operation of clauses (a) to (e) above even if its obligation to make that Payment is restricted at any time by the terms of any of those clauses; and the accrual and (if applicable)
capitalization of interest in accordance with the Senior Subordinated Priority Debt Documents shall continue notwithstanding the issue of a Senior Subordinated Priority Payment Stop Notice or the occurrence of a Senior Priority Payment Default
and/or a Second Priority Payment Default. 
 (g) If: (i) at any time following the issue of a Senior Subordinated Priority Payment Stop
Notice, the occurrence of a Senior Priority Payment Default or the occurrence of a Second Priority Payment Default, that Senior Subordinated Priority Payment Stop Notice ceases to be outstanding and/or (as the case may be) the Senior Priority
Payment Default and/or the Second Priority Payment Default (as applicable) ceases to be continuing; and (ii) the relevant Debtor then promptly pays to the relevant Senior Subordinated Priority Secured Parties an amount equal to any Payments
which had accrued under the Senior Subordinated Priority Debt Documents and which would have been permitted to be paid under this Agreement but for that Senior Subordinated Priority Payment Stop Notice, Senior Priority Payment Default and/or Second
Priority Payment Default, then any event of default under, and as defined in, any Debt Document (including any cross-default or similar provision) which may have occurred as a result of that suspension of Payments shall be waived and any notice
which may have been issued by a Senior Subordinated Priority Representative pursuant to clause (ii) of the definition of “Senior Subordinated Priority Enforcement Date” as a result of that event of default shall be deemed to be
cancelled, in each case, without any further action being required on the part of the Secured Parties and notwithstanding the terms of any Debt Document. 

  
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 (h) So long as the Discharge of Senior Priority Obligations and the Discharge of Second
Priority Debt Obligations has not occurred, Holdings shall not, and shall procure that no other member of the Group will, enter into any Debt Purchase Transaction in respect of the Senior Subordinated Priority Debt Obligations or beneficially own
all or any part of the share capital of a company that is a Senior Subordinated Priority Secured Party or a party to a Debt Purchase Transaction in respect of the Senior Subordinated Priority Debt Obligations at any time that a Senior Priority
Payment Default has occurred and is continuing, a Second Priority Payment Default has occurred and is continuing, a Senior Priority Payment Stop Notice is outstanding and/or a Second Priority Payment Stop Notice is outstanding. 

ARTICLE 5 
 OTHER AGREEMENTS 

SECTION 5.01. Releases 

(a) In connection with any Distressed Disposal by the Designated Senior Priority Representative in each case, prior to the Discharge of Senior
Priority Obligations, the Designated Senior Priority Representative is irrevocably authorized (at the cost of the Debtors in accordance with the terms of the applicable Senior Priority Collateral Document and without any consent, sanction, authority
or further confirmation from any Senior Priority Secured Party, the Designated Second Priority Representative, any Second Priority Secured Party, the Designated Senior Subordinated Priority Representative, any Senior Subordinated Priority Party, any
Intra-Group Lender, any other Creditor, the Honeywell Indemnitee, any unsecured creditor or any Debtor): 
 (i) to release
any of its Liens on any part of the Collateral or any other claim over the asset that is the subject of the Distressed Disposal, and the Liens or any other claim over the asset that is the subject of the Distressed Disposal, if any, of any Second
Priority Representative or any Senior Subordinated Priority Representative, for itself or for the benefit of the Second Priority Secured Parties or the Senior Subordinated Priority Parties, and the Liens of any Senior Priority Representative that is
not the Designated Senior Priority Representative, for the benefit of itself and the Senior Priority Secured Parties on such asset, shall be automatically, unconditionally and simultaneously released to the same extent as the Liens or other claims
of the Designated Senior Priority Representative, and the Designated Senior Priority Representative is irrevocably authorized to execute and deliver or enter into any release of such Liens or claims, and issue any letters of non-crystallization of any floating charge as appropriate, that may, in the discretion of the Designated Senior Priority Representative, be considered necessary or desirable in connection with such releases; 

(ii) if the asset which is the subject of such Distressed Disposal consists of shares in the capital of any Debtor or member of
the Group, to release (A) that Debtor or member of the Group and any Subsidiary of that Debtor or member of the Group from all or any part of its Guarantee Liabilities, its Senior Priority Obligations, its Second Priority Debt Obligations, its
Senior Subordinated Priority Debt Obligations, its Honeywell Indemnity Obligations and/or its Intra-Group Indebtedness, (B) any Liens granted by that Debtor or member of the Group and any Subsidiary of that Debtor or member of the Group over
any of its assets, and (C) any other claim of any Senior Priority Secured Party, Second Priority Secured Party, Senior Subordinated Priority Party, Intra-Group Lender, or the Honeywell Indemnitee over that member of the Group’s assets or
over the assets of any Subsidiary of that member of the Group, in each case, on behalf of the relevant Person; 

  
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 (iii) if the asset which is the subject of such Distressed Disposal consists
of shares in the capital of a Debtor or member of the Group and the Designated Senior Priority Representative decides to dispose of all or any part of the Senior Priority Obligations and/or Second Priority Debt Obligations and/or Senior Subordinated
Priority Debt Obligations and/or Honeywell Indemnity Obligations and/or Intra-Group Indebtedness owed by such Debtor or member of the Group or any Subsidiary of such member of the Group (the “Disposal Obligations”), (A) if the
Designated Senior Priority Representative does not intend that any transferee of those Disposal Obligations (the “Transferee”) will be treated as a Senior Priority Secured Party and/or Second Priority Secured Party and/or Senior
Subordinated Priority Party for the purposes of this Agreement, to execute and deliver or enter into any agreement to dispose of all or part of those Disposal Obligations providing that notwithstanding any other provision of any Senior Priority Debt
Document, any Secured Hedge Agreement, any Second Priority Debt Document, any Senior Subordinated Priority Debt Document or this Agreement, the Transferee shall not be treated as a Senior Priority Secured Party and/or Second Priority Secured Party
and/or Senior Subordinated Priority Party for the purposes of this Agreement, and (B) if the Designated Senior Priority Representative does intend that any Transferee will be treated as a Senior Priority Secured Party and/or Second Priority
Secured Party and/or Senior Subordinated Priority Party for purposes of this Agreement, to execute and deliver or enter into any agreement to dispose of all (and not part only) of the Disposal Obligations owed to the Senior Priority Secured Parties
and/or Second Priority Secured Parties and/or Senior Subordinated Priority Party, as applicable, and all or part of any other Liabilities, including any Intra-Group Indebtedness, in each case, on behalf of the relevant Senior Priority Secured
Parties, Second Priority Secured Parties, Senior Subordinated Priority Parties, Loan Parties, Intra-Group Lenders, Debtors and the Honeywell Indemnitee; and 

(iv) if the asset which is disposed of consists of shares in the capital of a member of the Group (the “Disposed
Entity”) and the Designated Senior Priority Representative decides to transfer to another Group member or Debtor (the “Receiving Entity”) all or any part of the Disposed Entity’s obligations or any obligations of any
Subsidiary of that Disposed Entity in respect of Intra-Group Indebtedness, to execute and deliver or enter into any agreement to (A) agree to the transfer of all or part of the obligations in respect of any such Intra-Group Indebtedness on
behalf of the relevant creditors to which those obligations are owed and on behalf of the parties which owe those obligations and (B) to accept the transfer of all or part of the obligations in respect of such Intra-Group Indebtedness on behalf
of the Receiving Entity or Receiving Entities to which the obligations in respect of such Intra-Group Indebtedness are to be transferred. 
 The Designated
Second Priority Representative (for itself or on behalf of any such Second Priority Secured Parties), the Designated Senior Subordinated Priority Representative (for itself or on behalf of any such Senior Subordinated Priority Parties), the TLB
Proceeds Loan Creditor, the HY Proceeds Loan Creditor, the Honeywell Indemnitee and each Intra-Group Lender, promptly shall execute and deliver to the Designated Senior Priority Representative or such Group member such termination statements,
releases and other documents as the Designated Senior Priority Representative or such Group member may request to effectively confirm the foregoing releases or transfers. 

(b) (i) After the Discharge of Senior Priority Obligations or (ii) to the extent that the Second Priority Secured Parties are then
permitted to enforce or require the enforcement of the Collateral under Section 3.01 and the other provisions of this Agreement, in connection with any Distressed Disposal the Designated Second Priority Representative shall have all of the
rights provided to the Designated Senior Priority Representative under Section 5.01(a) mutatis mutandis (at the cost of the Debtors in accordance with the terms of the applicable Second Priority Debt Document and without any consent,
sanction, authority or further confirmation from any Second Priority Secured Party, Senior Subordinated Priority Party, Intra-Group Lender, Debtor or the Honeywell Indemnitee); provided that, so long as the Discharge of the Senior Priority
Obligations has not occurred, any rights exercised by the Second Priority Secured Parties (or the Designated Second Priority Representative on their behalf) to release, transfer or otherwise take action with respect to Guarantee Liabilities or
Liabilities pursuant to Section 5.01(a) shall be subject to the further condition that the Discharge of the Senior Priority Obligations occurs immediately following that release, transfer or other action. 

  
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 (c) (i) After (x) the Discharge of Senior Priority Obligations and (y) the
Discharge of Second Priority Debt Obligations or (ii) to the extent that the Senior Subordinated Priority Parties are then permitted to enforce or require the enforcement of the Collateral under Section 3.01 and the other provisions of
this Agreement, in connection with any Distressed Disposal the Designated Senior Subordinated Priority Representative shall have all of the rights provided to the Designated Senior Priority Representative under Section 5.01(a) mutatis
mutandis (at the cost of the Debtors in accordance with the terms of the applicable Senior Subordinated Priority Debt Document and without any consent, sanction, authority or further confirmation from any Senior Subordinated Priority Party,
Intra-Group Lender, Debtor or the Honeywell Indemnitee); provided that, so long as (A) the Discharge of the Senior Priority Obligations and/or (B) the Discharge of the Second Priority Debt Obligations has not occurred, any rights
exercised by the Senior Subordinated Priority Parties (or the Designated Senior Subordinated Priority Representative on their behalf) to release, transfer or otherwise take action with respect to Guarantee Liabilities or Liabilities pursuant to
Section 5.01(a) shall be subject to the further condition that (1) the Discharge of the Senior Priority Obligations and/or (2) the Discharge of the Second Priority Debt Obligations (as applicable) occurs immediately following that
release, transfer or other action. 
 (d) The proceeds of any disposal made pursuant to Section 5.01(a) shall be applied in accordance
with Section 4.01 and, to the extent that any disposal of Disposal Obligations or release of Liabilities has occurred, as if that disposal of those Disposal Obligations or release of Liabilities had not occurred. 

(e) In the case of any disposal made pursuant to Section 5.01(a), any Guarantee Liabilities and/or any Senior Priority Obligations and/or
Second Priority Debt Obligations and/or Senior Subordinated Priority Debt Obligations and/or Honeywell Indemnity Obligations will be released, sold or otherwise transferred and any Liens over such Collateral (including any shares) will be released,
sold or otherwise transferred only if: 
 (i) each Senior Priority Representative (where Senior Priority Obligations or
Guarantee Liabilities in respect of Senior Priority Obligations or Liens on the Senior Priority Collateral will be released, sold or transferred), Second Priority Representative (where Second Priority Debt Obligations or Guarantee Liabilities in
respect of Second Priority Debt Obligations or Liens on the Second Priority Collateral will be released, sold or transferred), Senior Subordinated Priority Representative (where Senior Subordinated Priority Debt Obligations or Guarantee Liabilities
in respect of Senior Subordinated Priority Debt Obligations or Liens on the Senior Subordinated Priority Collateral will be released, sold or transferred), or the Honeywell Indemnitee (where Honeywell Indemnity Obligations will be released, sold or
transferred) has approved the release, or 
 (ii) where shares or assets of a Debtor or a member of the Group are sold: 

(A) the proceeds of such sale or disposal are in cash (or substantially in cash); 

(B) (where Second Priority Debt Obligations will be released, sold or otherwise transferred) all claims of the Senior Priority
Secured Parties (other than in relation to (1) TLB Proceeds Loan Obligations and (2) performance bonds or guarantees or similar instruments) against a member of the Group (if any) all of whose shares (other than any minority interest not
owned by members of the Group) are sold or disposed of 

  
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pursuant to Section 5.01(a), are unconditionally released and discharged or sold and disposed of concurrently with such sale (and are not assumed by the purchaser or one of its Affiliates)
and all Collateral under the Collateral Documents in respect of the assets that are sold or disposed of is simultaneously and unconditionally released and discharged concurrently with such sale; provided that if each Senior Priority
Representative (acting reasonably and in good faith): (x) determines that the Senior Priority Secured Parties will recover a greater amount if any such claim is sold or otherwise transferred to the purchaser or one of its Affiliates and not released
and discharged and (y) serves a written notice on the Applicable Designated Representative confirming the same, the Applicable Designated Representative shall be entitled to sell or otherwise transfer such claim to the purchaser or one of its
Affiliates; 
 (C) (where Senior Subordinated Priority Debt Obligations will be released, sold or otherwise transferred) all
claims of the Senior Priority Secured Parties (other than in relation to (1) TLB Proceeds Loan Obligations and (2) performance bonds or guarantees or similar instruments) and all claims of the Second Priority Secured Parties against a
member of the Group (if any) all of whose shares (other than any minority interest not owned by members of the Group) are sold or disposed of pursuant to Section 5.01(a), are unconditionally released and discharged or sold and disposed of
concurrently with such sale (and are not assumed by the purchaser or one of its Affiliates) and all Collateral under the Collateral Documents in respect of the assets that are sold or disposed of is simultaneously and unconditionally released and
discharged concurrently with such sale; provided that if each Senior Priority Representative (acting reasonably and in good faith): (x) determines that the Senior Priority Secured Parties will recover a greater amount if any such claim is
sold or otherwise transferred to the purchaser or one of its Affiliates and not released and discharged and (y) serves a written notice on the Applicable Designated Representative confirming the same, the Applicable Designated Representative
shall be entitled to sell or otherwise transfer such claim to the purchaser or one of its Affiliates; 
 (D) (where Honeywell
Indemnity Obligations will be released, sold or otherwise transferred) all claims of the Senior Priority Secured Parties (other than in relation to (1) TLB Proceeds Loan Obligations and (2) performance bonds or guarantees or similar
instruments) and all claims of the Second Priority Secured Parties and the Senior Subordinated Priority Parties (other than in relation to HY Proceeds Loan Obligations) against a member of the Group (if any) all of whose shares (other than any
minority interest not owned by members of the Group) are sold or disposed of pursuant to Section 5.01(a), are unconditionally released and discharged or sold and disposed of concurrently with such sale (and are not assumed by the purchaser or
one of its Affiliates) and all Collateral under the Collateral Documents in respect of the assets that are sold or disposed of is simultaneously and unconditionally released and discharged concurrently with such sale; provided that if each
Senior Priority Representative (acting reasonably and in good faith): (x) determines that the Senior Priority Secured Parties will recover a greater amount if any such claim is sold or otherwise transferred to the purchaser or one of its Affiliates
and not released and discharged and (y) serves a written notice on the Applicable Designated Representative confirming the same, the Applicable Designated Representative shall be entitled to sell or otherwise transfer such claim to the
purchaser or one of its Affiliates; and 

  
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 (E) such sale or disposal is made: (x) pursuant to a Public Auction in
respect of which the Secured Parties, any unsecured Additional Senior Subordinated Parties and the Honeywell Indemnitee are entitled to participate; or (y) where a Financial Adviser has delivered an opinion in respect of such sale or disposal
that the amount received in connection therewith is fair from a financial point of view, taking into account all relevant circumstances, including the method of enforcement; provided that the liability of such Financial Adviser may be limited
to the amount of its fees in respect of such engagement (it being acknowledged that the Applicable Designated Representative shall have no obligation to select or engage any Financial Adviser unless it shall have been indemnified and/or secured
and/or prefunded to its satisfaction). 
 For the purposes of this Agreement, “entitled to participate” shall be interpreted to
mean that any offer, or indication of a potential offer, that a holder of any Secured Obligations or unsecured Senior Subordinated Priority Debt Obligations makes shall be considered by those running the Public Auction against the same criteria as
any offer, or indication of a potential offer, by any other bidder or potential bidder. For the avoidance of doubt, (1) if, after having applied those same criteria, the offer or indication of a potential offer made by a holder of any Secured
Obligations, any unsecured Senior Subordinated Priority Debt Obligations or the Honeywell Indemnitee is not considered by those running the Public Auction to be sufficient to continue in the public auction process, such consideration being against
the same criteria as any offer, or indication of a potential offer, by any other bidder or potential bidder (such continuation may include being invited to review additional information or being invited to have an opportunity to make a subsequent or
revised offer, whether in another round of bidding or otherwise), then the right to participate of such holder of Secured Obligations or unsecured Senior Subordinated Priority Debt Obligations under this Agreement shall be deemed to be satisfied and
(2) no member of the Group that is a holder of HY Proceeds Loan Obligations or TLB Proceeds Loan Obligations shall be entitled to participate in a Public Auction. 

(f) If, in connection with (i) any Disposition or release of any Debtor, in each case, permitted under the terms of the then extant Debt
Documents or (ii) any agreement (not contravening the then extant Debt Documents) between the Designated Senior Priority Representative or the Senior Priority Secured Parties and Holdings, the Borrowers or any other Debtor (x) to release
each Senior Priority Representative’s Lien on any portion of the Collateral (other than in connection with, or in anticipation of, a Discharge of Senior Priority Obligations) or (y) to release any Debtor from its obligations under its
guaranty of the Senior Priority Obligations, in each case, other than in connection with any Distressed Disposal or other exercise of any of the Designated Senior Priority Representative’s or any other Senior Priority Representative’s
remedies in respect of the Collateral which shall be governed by Section 5.01(a), there occurs the release of any of its Liens on any part of the Collateral, or of any Debtor from its obligations under its guaranty of the Senior Priority
Obligations, then the Liens, if any, (A) of the Designated Second Priority Representative and each other Second Priority Representative, for itself and for the benefit of the related Second Priority Secured Parties, on such Collateral, and the
obligations of such Debtor under its guaranty of the Second Priority Debt Obligations, and (B) of the Designated Senior Subordinated Priority Representative and each other Senior Subordinated Priority Representative, for itself and for the
benefit of the related Senior Subordinated Priority Parties, on such Collateral, and the obligations of such Debtor under its guaranty of the Senior Subordinated Priority Debt Obligations, shall in each case be automatically, unconditionally and
simultaneously released to the extent possible under applicable law, and upon receipt by the Designated Second Priority Representative and/or the Designated Senior Subordinated Priority Representative (as applicable) of any officer’s
certificate from a Financial Officer (as defined in the Senior Secured Credit Agreement as in force as at the date of this Agreement) of the Borrowers stating that any such termination and release of Liens securing the Senior Priority Obligations
has become effective (or shall become effective concurrently with such termination and release of the Liens granted to the Designated Second Priority Representative and each other Second Priority Representative and/or the Designated Senior
Subordinated Priority Representative and each other Senior Subordinated Priority Representative (as applicable)), each Second Priority Representative (for 

  
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itself or on behalf of any such Second Priority Secured Parties) and/or each Senior Subordinated Priority Representative (for itself or on behalf of any such Senior Subordinated Priority Parties)
(as applicable), promptly shall execute and deliver to the Designated Senior Priority Representative or such Debtor such termination statements, releases and other documents as the Designated Senior Priority Representative or such Debtor may request
to effectively confirm such release; provided, however, that if the Discharge of Senior Priority Obligations occurs concurrently with any such release, the Lien of the Second Priority Representatives and/or Senior Subordinated Priority
Representatives (as applicable) shall (to the extent possible under applicable law) automatically attach to any and all proceeds thereof that are not applied to the Discharge of Senior Priority Obligations and if an “event of default” then
exists under any Second Priority Debt Document then the Designated Second Priority Representative (on behalf of the Second Priority Secured Parties) shall be entitled to receive the residual cash or cash equivalents (if any) remaining after giving
effect to such release and the Discharge of Senior Priority Obligations. Nothing in this Section 5.01(f) will be deemed to affect any agreement of (x) a Second Priority Representative, for itself and on behalf of the Second Priority
Secured Parties under its Second Priority Debt Documents, to release the Liens on the Second Priority Collateral as set forth in the relevant Second Priority Collateral Documents or (y) a Senior Subordinated Priority Representative, for itself
and on behalf of the Senior Subordinated Priority Parties under its Senior Subordinated Priority Debt Documents, to release the Liens on the Senior Subordinated Priority Collateral as set forth in the relevant Senior Subordinated Priority Collateral
Documents. 
 (g) Until the Discharge of Senior Priority Obligations occurs, each Second Priority Representative (for itself and on behalf of
the related Second Priority Secured Parties), each Senior Subordinated Priority Representative (for itself and on behalf of the related Senior Subordinated Priority Parties), each Intra-Group Lender and the Honeywell Indemnitee hereby irrevocably
constitutes and appoints the Designated Senior Priority Representative and any officer or agent of the Designated Senior Priority Representative, with full power of substitution and even if it involves multiple-representation, self-contracting or
conflict of interest to the extent it is able to do so in accordance with applicable law, as its true and lawful attorney-in-fact with full irrevocable power and
authority in the place and stead of such Second Priority Representative (or such other Second Priority Secured Party) or such Senior Subordinated Priority Representative (or such other Senior Subordinated Priority Party) or the Honeywell Indemnitee
or Intra-Group Lender, or in the Designated Senior Priority Representative’s own name, from time to time in the Designated Senior Priority Representative’s discretion, for the purpose of carrying out the terms of this Section 5.01, to
take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Section 5.01, including any endorsements or other instruments of transfer or
release. 
 (h) (i) After the Discharge of Senior Priority Obligations or (ii) to the extent that the Second Priority Secured
Parties are then permitted to enforce or require the enforcement of the Collateral under Section 3.01 and the other provisions of this Agreement, in connection with any Distressed Disposal the Designated Second Priority Representative shall
have all of the rights provided to the Designated Senior Priority Representative under Section 5.01(a) mutatis mutandis (without any consent, sanction, authority or further confirmation from any Second Priority Secured Party, Senior
Subordinated Priority Party, Intra-Group Lender, Debtor or the Honeywell Indemnitee). 
 (i) Notwithstanding anything to the contrary in any
Second Priority Collateral Document or a Senior Subordinated Priority Collateral Document, in the event the terms of (x) a Senior Priority Collateral Document and (y) a Second Priority Collateral Document and/or a Senior Subordinated
Priority Collateral Document each require any Grantor (i) to make payment in respect of any item of Collateral, (ii) to deliver or afford control over any item of Collateral to, or deposit any item of Collateral with (to the extent such
item of Collateral cannot be subject to control of multiple parties under applicable law), (iii) to register ownership of any item of Collateral in the name of or make an assignment of ownership of any

  
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Collateral or the rights thereunder to (to the extent ownership of such item of Collateral cannot be registered to multiple parties under applicable law), (iv) to cause any securities
intermediary, commodity intermediary or other Person acting in a similar capacity to agree to comply, in respect of any item of Collateral, with instructions or orders from, or to treat, in respect of any item of Collateral, as the entitlement
holder (to the extent such agreement cannot be obtained for the benefit of multiple parties under applicable law), (v) to hold any item of Collateral in trust for (to the extent such item of Collateral cannot be held in trust for multiple parties
under applicable law), (vi) to obtain the agreement of a bailee or other third party to hold any item of Collateral for the benefit of or subject to the control of or, in respect of any item of Collateral, to follow the instructions of (to the
extent such agreement cannot be obtained for the benefit of multiple parties under applicable law) or (vii) to obtain the agreement of a landlord with respect to access to leased premises where any item of Collateral is located or waivers or
subordination of rights with respect to any item of Collateral in favor of, in any case, both the Designated Senior Priority Representative and any Second Priority Representative (or Second Priority Secured Party) and/or any Senior Subordinated
Priority Representative (or Senior Subordinated Priority Party), such Grantor may, until the applicable Discharge of Senior Priority Obligations has occurred, comply with such requirement under the Second Priority Collateral Document and/or Senior
Subordinated Priority Collateral Document as it relates to such Collateral by taking any of the actions set forth above only with respect to, or in favor of, the Designated Senior Priority Representative. After the Discharge of Senior Priority
Obligations the Designated Second Priority Representative shall have all of the rights provided to the Designated Senior Priority Representative under this Section 5.01(i) mutatis mutandis (without any consent, sanction, authority or
further confirmation from any Second Priority Secured Party, Senior Subordinated Priority Party, Intra-Group Lender, Debtor or the Honeywell Indemnitee). 

(j) In connection with any Distressed Disposal or Liabilities Sale, the Designated Senior Priority Representative, Designated Second Priority
Representative, or Designated Senior Subordinated Priority Representative (as applicable) shall take reasonable care to obtain a fair market price in the prevailing market conditions (though the Designated Senior Priority Representative, Designated
Second Priority Representative or Designated Senior Subordinated Priority Representative (as applicable) shall have no obligation to postpone any Distressed Disposal or Liabilities Sale or disposal of Secured Obligations or unsecured Senior
Subordinated Priority Debt Obligations in order to achieve a higher price). 
 SECTION 5.02. Insurance and Condemnation
Awards. 
 Unless and until the Discharge of Senior Priority Obligations has occurred, the Designated Senior Priority Representative and
the Senior Priority Secured Parties shall have the sole and exclusive right, subject in each case to the rights of the Debtors under the Senior Priority Debt Documents, (a) to adjust settlement for any insurance policy covering the Collateral
in the event of any loss thereunder and (b) to approve any award granted in any condemnation or similar proceeding affecting the Collateral, in each case in accordance with the Senior Priority Debt Documents. Subject to the rights of the
Debtors under the Senior Priority Debt Documents, all proceeds of any such policy and any such award, if in respect of the Collateral, shall be paid (i) first, prior to the occurrence of the Discharge of Senior Priority Obligations, to the
Designated Senior Priority Representative for the benefit of Senior Priority Secured Parties pursuant to the terms of the Senior Priority Debt Documents, (ii) second, after the occurrence of the Discharge of Senior Priority Obligations, to the
Designated Second Priority Representative for the benefit of the Second Priority Secured Parties pursuant to the terms of the applicable Second Priority Debt Documents, (iii) third, if no Second Priority Debt Obligations or Senior Priority
Obligations are outstanding and the relevant Collateral constitutes Common Collateral, to the Designated Senior Subordinated Priority Representative for the benefit of Senior Subordinated Priority Parties pursuant to the terms of the Senior
Subordinated Priority Debt Documents and (iv) fourth, if no Senior Priority 

  
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Obligations or Second Priority Debt Obligations or Senior Subordinated Priority Debt Obligations are outstanding, to the owner of the subject property, such other Person as may be entitled
thereto or as a court of competent jurisdiction may otherwise direct. If any Second Priority Representative, Senior Subordinated Priority Representative, Second Priority Secured Party or Senior Subordinated Priority Party shall, at any time, receive
any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Designated Senior Priority Representative in accordance with the terms of Section 4.02. After the Discharge
of Senior Priority Obligations the Designated Second Priority Representative shall have all of the rights provided to the Designated Senior Priority Representative under the preceding sentence mutatis mutandis (without any consent, sanction,
authority or further confirmation from any Second Priority Secured Party, Senior Subordinated Priority Party, Intra-Group Lender, Debtor or the Honeywell Indemnitee). 

SECTION 5.03. Certain Amendments. 

(a) No Second Priority Collateral Document or Senior Subordinated Priority Collateral Document may be amended, restated, supplemented or
otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new Second Priority Collateral Document or Senior Subordinated Priority Collateral Document, would be prohibited by or inconsistent with
any of the terms of this Agreement. The Notes Issuers and the Borrowers agree to deliver to the Designated Senior Priority Representative copies of (i) any amendments, supplements or other modifications to the Second Priority Collateral
Documents or the Senior Subordinated Priority Collateral Document and (ii) any new Second Priority Collateral Documents or Senior Subordinated Priority Collateral Document promptly after effectiveness thereof (in each case other than any
Secured Hedge Agreement and Cash Management Agreement); provided that the failure to give such notice shall not affect the effectiveness and validity thereof. Each Second Priority Representative (for itself and on behalf of each Second
Priority Secured Party under its Second Priority Debt Facility) and each Senior Subordinated Priority Representative (for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility), agrees
that each Second Priority Collateral Document under its Second Priority Debt Facility and each Senior Subordinated Priority Collateral Document under its Senior Subordinated Priority Debt Facility (as applicable) shall include the following language
(or language to similar effect reasonably approved by the Designated Senior Priority Representative): 
 “Notwithstanding anything
herein to the contrary, (i) the liens and security interests granted to the [Second Priority Representative][Senior Subordinated Priority Representative] pursuant to this Agreement are expressly subject and subordinate to the liens and security
interests granted in favor of the Senior Priority Secured Parties (as defined in the Intercreditor Agreement referred to below), including liens and security interests granted to JPMorgan Chase Bank, N.A., as collateral agent, pursuant to or in
connection with the Senior Secured Credit Agreement dated as of September 27, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), among Holdings, the Borrowers, the lenders from time to time
party thereto and JPMorgan Chase Bank, N.A., as administrative agent, and the other parties thereto, and (ii) the exercise of any right or remedy by the [Second Priority Representative][Senior Subordinated Priority Representative] or any other
secured party hereunder is subject to the limitations and provisions of the Intercreditor Agreement dated as of September 27, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor
Agreement”), among, inter alia, JPMorgan Chase Bank, N.A., as Senior Secured Administrative Agent, JPMorgan Chase Bank, N.A., as Senior Secured Collateral Agent, Deutsche Trustee Company Limited, as Senior Subordinated Notes

  
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Trustee, Deutsche Bank AG, London Branch, as Senior Subordinated Collateral Agent, Honeywell International Inc., Holdings, the Notes Issuers, the Borrowers and their subsidiaries and affiliated
entities party thereto. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern.” 

(b) In the event that each applicable Senior Priority Representative and/or the Senior Priority Secured Parties enter into any amendment,
waiver or consent in respect of any of the Senior Priority Collateral Documents for the purpose of adding to or deleting from, or waiving or consenting to any departures from any provisions of, any Senior Priority Collateral Document or changing in
any manner the rights of the Senior Priority Representatives, the Senior Priority Secured Parties, Holdings, the Notes Issuers, the Borrowers or any other Debtor thereunder (including the release of any Liens in Senior Priority Collateral) in a
manner that is applicable to all Senior Priority Debt Facilities, then such amendment, waiver or consent shall apply automatically to any comparable provision of each comparable Second Priority Collateral Document or Senior Subordinated Priority
Collateral Document without the consent of any Second Priority Representative or any Second Priority Secured Party or any Senior Subordinated Priority Representative or any Senior Subordinated Priority Party and without any action by any Second
Priority Representative, Senior Subordinated Priority Representative, Holdings, the Notes Issuers, the Borrowers or any other Debtor; provided, however, that (x) no such amendment, waiver or consent shall (A) have the effect
of removing assets subject to the Lien of any Second Priority Collateral Document or Senior Subordinated Priority Collateral Document or release any such Liens, except to the extent that a release of such Lien is provided for in Section 5.01 or
(B) impose duties that are adverse on any Second Priority Representative or Senior Subordinated Priority Representative without its prior written consent, (y) written notice of such amendment, waiver or consent shall have been given to
each Second Priority Representative or Senior Subordinated Priority Representative (as applicable) within 10 Business Days after the effectiveness of such amendment, waiver or consent; provided that the failure to give such notice shall not
affect the effectiveness and validity thereof and (z) to the extent such amendment, waiver or consent requires any mandatory form or other perfection requirement such as notarial form, the parties agree to comply with the respective amendment,
waiver or consent as if such form would have been complied with and jointly undertake to comply with such form requirement as soon as reasonably practicable. 

(c) The Senior Priority Debt Documents may be amended, restated, amended and restated, waived, supplemented or otherwise modified in accordance
with their terms, and the indebtedness under the Senior Priority Debt Documents may be Refinanced, in each case, without the consent of any Second Priority Representative or Second Priority Secured Party or any Senior Subordinated Priority
Representative or Senior Subordinated Priority Party, all without affecting the Lien priorities provided for herein or the other provisions hereof; provided, however, that, without the consent of each Second Priority Representative
(acting with the consent of the requisite holders of each series of Second Priority Debt Obligations) and each Senior Subordinated Priority Representative (acting with the consent of the requisite holders of each series of Senior Subordinated
Priority Debt Obligations), no such amendment, restatement, amendment and restatement, waiver, supplement, or modification shall contravene any provision of this Agreement. 

(d) The Second Priority Debt Documents (subject to Section 5.03(a)) may be amended, restated, waived, supplemented or otherwise modified
in accordance with their terms, and the indebtedness under the Second Priority Debt Documents (subject to Section 5.03(a)) may be refinanced, renewed, extended or replaced, in each case, without the consent of any Senior Priority Representative
or Senior Priority Secured Party or any Senior Subordinated Priority Representative or Senior Subordinated Priority Party, provided, however, that, without the consent of each Senior Priority Representative (acting with the consent of
the requisite holders of each series of Senior Priority Obligations) and each Senior Subordinated Priority Representative (acting with the consent of the requisite holders of each series of Senior Subordinated Priority Debt Obligations), no such
amendment, restatement, amendment and restatement, waiver, supplement or modification shall contravene any provision of this Agreement. 

  
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 (e) The Senior Subordinated Priority Debt Documents (subject to Section 5.03(a)) may be
amended, restated, waived, supplemented or otherwise modified in accordance with their terms, and the indebtedness under the Senior Subordinated Priority Debt Documents (subject to Section 5.03(a)) may be refinanced, renewed, extended or
replaced, in each case, without the consent of any Senior Priority Representative or Senior Priority Secured Party or any Second Priority Representative or Second Priority Secured Party, provided, however, that, without the consent of
each Senior Priority Representative (acting with the consent of the requisite holders of each series of Senior Priority Obligations) and each Second Priority Representative (acting with the consent of the requisite holders of each series of Second
Priority Debt Obligations), no such amendment, restatement, amendment and restatement, waiver, supplement or modification shall contravene any provision of this Agreement. 

SECTION 5.04. Rights as Unsecured Creditors. 

Subject to the restrictions set out in Section 3.01, the Second Priority Representatives, the Second Priority Secured Parties, the Senior
Subordinated Priority Representatives and the Senior Subordinated Priority Parties may exercise rights and remedies as unsecured creditors against Holdings, a Notes Issuer, the Borrowers and any other Debtor in accordance with the terms of the
Second Priority Debt Documents and the Senior Subordinated Priority Debt Documents (as applicable) and applicable law so long as such rights and remedies do not violate, or are not otherwise inconsistent with, any provision of this Agreement
(including any provision prohibiting or restricting the Second Priority Secured Parties or the Senior Subordinated Priority Parties from taking Enforcement Action and other various actions or making various objections). Nothing in this Agreement
shall prohibit the receipt by any Second Priority Representative, any Second Priority Secured Party, any Senior Subordinated Priority Representative or any Senior Subordinated Priority Party of the required payments of principal, premium, interest,
fees and other amounts due under the Second Priority Debt Documents or the Senior Subordinated Priority Debt Documents (as applicable) so long as such receipt is not the direct or indirect result of the exercise by a Second Priority Representative,
any Second Priority Secured Party, any Senior Subordinated Priority Representative or any Senior Subordinated Priority Party (as applicable) of rights or remedies in respect of Collateral. In the event any Second Priority Representative, any Second
Priority Secured Party, any Senior Subordinated Priority Representative or any Senior Subordinated Priority Party becomes a judgment Lien creditor in respect of Collateral as a result of its enforcement of its rights as an unsecured creditor in
respect of Second Priority Debt Obligations or Senior Subordinated Priority Debt Obligations (as applicable), such judgment Lien shall (x) in the case of any Second Priority Representative or any Second Priority Secured Party, be subordinated
to the Liens securing Senior Priority Obligations on the same basis as the other Liens securing the Second Priority Debt Obligations are so subordinated to such Liens securing Senior Priority Obligations under this Agreement and (y) in the case
of any Senior Subordinated Priority Representative or any Senior Subordinated Priority Party, be subordinated to the Liens securing Senior Priority Obligations and Second Priority Debt Obligations on the same basis as the other Liens securing the
Senior Subordinated Priority Debt Obligations are so subordinated to such Liens securing Senior Priority Obligations and Second Priority Debt Obligations under this Agreement. Nothing in this agreement shall impair or otherwise adversely affect any
rights or remedies the Senior Priority Representatives or the Senior Priority Secured Parties may have with respect to the Senior Priority Collateral. 

  
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 SECTION 5.05. Gratuitous Bailee for Perfection. 

(a) Each Senior Priority Representative acknowledges and agrees that if it shall at any time hold a Lien securing any Senior Priority
Obligations on any Collateral that can be perfected by the possession or control of such Collateral or of any account in which such Collateral is held, and if such Collateral or any such account is in fact in the possession or under the control of
such Senior Priority Representative, or of agents or bailees of such Person (such Collateral being referred to herein as the “Pledged or Controlled Collateral”), or if it shall at any time obtain any landlord waiver or bailee’s
letter or any similar agreement or arrangement granting it rights or access to Collateral, the applicable Senior Priority Representative shall also hold such Pledged or Controlled Collateral, or take such actions with respect to such landlord
waiver, bailee’s letter or similar agreement or arrangement, as sub-agent or gratuitous bailee (such bailment being intended, among other things, to satisfy the requirements of Section 8-301(a)(2) and 9-313(c) of the Uniform Commercial Code, to the extent applicable) for the relevant Second Priority Representatives and/or Senior Subordinated
Priority Representatives (as applicable), in each case solely for the purpose of perfecting the Liens granted under the relevant Second Priority Collateral Documents and/or Senior Subordinated Priority Collateral Documents (as applicable) and
subject to the terms and conditions of this Section 5.05. 
 (b) In the event that any Senior Priority Representative (or its agents or
bailees) has Lien filings against Intellectual Property that is part of the Collateral that are necessary for the perfection of Liens in such Collateral, such Senior Priority Representative agrees to hold such Liens as
sub-agent and gratuitous bailee (such bailment being intended, among other things, to satisfy the requirements of Section 8-301(a)(2) and 9-313(c) of the Uniform Commercial Code, to the extent applicable) for the relevant Second Priority Representatives and/or Senior Subordinated Priority Representatives (as applicable) and any assignee thereof,
solely for the purpose of perfecting the security interest granted in such Liens pursuant to the relevant Second Priority Collateral Documents and/or Senior Subordinated Priority Collateral Documents (as applicable), subject to the terms and
conditions of this Section 5.05. 
 (c) Except as otherwise specifically provided herein, until the Discharge of Senior Priority
Obligations has occurred, the Senior Priority Representatives and the Senior Priority Secured Parties shall be entitled to deal with the Pledged or Controlled Collateral in accordance with the terms of the Senior Priority Debt Documents as if the
Liens under the Second Priority Collateral Documents and/or Senior Subordinated Priority Collateral Documents (as applicable) did not exist. The rights of the Second Priority Representatives and the Second Priority Secured Parties and the Senior
Subordinated Priority Representatives and the Senior Subordinated Priority Parties with respect to the Pledged or Controlled Collateral shall at all times be subject to the terms of this Agreement. 

(d) The Senior Priority Representatives and the Senior Priority Secured Parties shall have no obligation whatsoever to the Second Priority
Representatives or any Second Priority Secured Party or the Senior Subordinated Priority Representatives or any Senior Subordinated Priority Party to assure that any of the Pledged or Controlled Collateral is genuine or owned by the Grantors or to
protect or preserve rights or benefits of any Person or any rights pertaining to the Collateral, except as expressly set forth in this Section 5.05. The duties or responsibilities of the Senior Priority Representatives under this
Section 5.05 shall be limited solely to holding or controlling the Collateral and the related Liens referred to in paragraphs (a) and (b) of this Section 5.05 as sub-agent and gratuitous
bailee (such bailment being intended, among other things, to satisfy the requirements of Section 8-301(a)(2) and 9-313(c) of the Uniform Commercial Code, to the
extent applicable) for (x) the relevant Second Priority Representative for purposes of perfecting the Lien held by such Second Priority Representative and (y) the relevant Senior Subordinated Priority Representative for purposes of
perfecting the Lien held by such Senior Subordinated Priority Representative. 

  
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 (e) The Senior Priority Representatives shall not have by reason of the Second Priority
Collateral Documents, the Senior Subordinated Priority Collateral Documents or this Agreement, or any other document, a fiduciary relationship in respect of any Second Priority Representative or any Second Priority Secured Party or any Senior
Subordinated Priority Representative or any Senior Subordinated Priority Party, and each Second Priority Representative and each Senior Subordinated Priority Representative, for itself and on behalf of each Second Priority Secured Party under its
Second Priority Debt Facility and each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility (as applicable), hereby waives and releases the Senior Priority Representatives from all claims and liabilities arising
pursuant to the Senior Priority Representatives’ roles under this Section 5.05 as sub-agents and gratuitous bailees with respect to the Collateral. 

(f) Upon the Discharge of Senior Priority Obligations, each applicable Senior Priority Representative shall, at the Grantors’ sole cost
and expense, (i) (A) deliver to the Designated Second Priority Representative (or, if the Discharge of Second Priority Debt Obligations has occurred and in respect of Common Collateral only, the Designated Senior Subordinated Priority
Representative), to the extent that it is legally permitted to do so and as the Designated Second Priority Representative (or, if applicable, Designated Senior Subordinated Priority Representative) may direct, all Common Senior Priority/Second
Priority Collateral and/or Common Collateral (as applicable), including all proceeds thereof, held or controlled by such Senior Priority Representative or any of its agents or bailees, including the transfer of possession and control, as applicable,
of the Pledged or Controlled Collateral, together with any necessary endorsements and notices to depositary banks, securities intermediaries and commodities intermediaries, and assign its rights under any landlord waiver or bailee’s letter or
any similar agreement or arrangement granting it rights or access to Common Senior Priority/Second Priority Collateral and/or Common Collateral (as applicable), (B) if not legally permitted or no direction is given and if prior to the Discharge of
Second Priority Debt Obligations and the Discharge of Senior Subordinated Priority Debt Obligations, deliver such Collateral as a court of competent jurisdiction may otherwise direct or (C) if the Discharge of Second Priority Debt Obligations
and the Discharge of Senior Subordinated Priority Debt Obligations have occurred, deliver such Collateral to the Grantors, (ii) notify any applicable insurance carrier that it is no longer entitled to be a loss payee or additional insured under
the insurance policies of any Grantor issued by such insurance carrier and (iii) notify any governmental authority involved in any condemnation or similar proceeding involving any Grantor that the Designated Second Priority Representative or
Designated Second Priority Representative (as applicable) is entitled to approve any awards granted in such proceeding. Holdings, the Notes Issuers, the Borrowers and the other Grantors shall take such further action as is required to effectuate the
transfer contemplated hereby and shall indemnify each Senior Priority Representative for loss or damage suffered by such Senior Priority Representative as a result of such transfer in accordance with Section 9.04 of the Senior Secured Credit
Agreement. The Senior Priority Representatives have no obligations to follow instructions from any Second Priority Representative or any other Second Priority Secured Party or any Senior Subordinated Priority Representative or any other Senior
Subordinated Priority Party in contravention of this Agreement. 
 (g) None of the Senior Priority Representatives nor any of the other
Senior Priority Secured Parties shall be required to marshal any present or future collateral security for any obligations of Holdings, the Notes Issuers, the Borrowers or any Subsidiary to any Senior Priority Representative or any Senior Priority
Secured Party under the Senior Priority Debt Documents or any assurance of payment in respect thereof, or to resort to such collateral security or other assurances of payment in any particular order, and all of their rights in respect of such
collateral security or any assurance of payment in respect thereof shall be cumulative and in addition to all other rights, however existing or arising. 

  
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 (h) After the Discharge of Senior Priority Obligations the Designated Second Priority
Representative shall have all of the rights provided to the Designated Senior Priority Representative under this Section 5.05 mutatis mutandis (without any consent, sanction, authority or further confirmation from any Second Priority
Secured Party, Senior Subordinated Priority Party, Intra-Group Lender, Debtor or the Honeywell Indemnitee). 
 (i) After the Discharge of
Senior Priority Obligations and the Discharge of Second Priority Debt Obligations, the Designated Senior Subordinated Priority Representative shall have all of the rights provided to the Designated Senior Priority Representative under this
Section 5.05 mutatis mutandis (without any consent, sanction, authority or further confirmation from any Senior Subordinated Priority Party, Intra-Group Lender, Debtor or the Honeywell Indemnitee). 

SECTION 5.06. When Discharge of Obligations Deemed to Not Have Occurred. 

If, at any time substantially concurrently with or after (x) the Discharge of Senior Priority Obligations has occurred, Holdings, a
Borrower or any Subsidiary incurs any Senior Priority Obligations (other than in respect of the payment of indemnities surviving the Discharge of Senior Priority Obligations) or (y) the Discharge of Second Priority Debt Obligations has
occurred, Holdings, a Borrower or any Subsidiary incurs any Second Priority Debt Obligations (other than in respect of the payment of indemnities surviving the Discharge of Second Priority Debt Obligations), then such Discharge of Senior Priority
Obligations or Second Priority Debt Obligations (as applicable) shall automatically be deemed not to have occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of such designation as a result of
the occurrence of such first Discharge of Senior Priority Obligations or Second Priority Debt Obligations (as applicable)) and the applicable agreement governing such Senior Priority Obligations or Second Priority Debt Obligations (as applicable)
shall automatically be treated as a Senior Priority Debt Document or a Second Priority Debt Document (as applicable) for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth
herein and the agent, representative or trustee for the holders of (i) such Senior Priority Obligations shall be the Senior Priority Representative and (ii) such Second Priority Debt Obligations shall be the Second Priority Representative,
in each case for all purposes of this Agreement. Upon receipt of notice of such incurrence (including the identity of the new Senior Priority Representative or Second Priority Representative), each Second Priority Representative (where the notice
identifies a new Senior Priority Representative and including the Designated Second Priority Representative) and each Senior Subordinated Priority Representative (including the Designated Senior Subordinated Priority Representative) shall promptly
(a) enter into such documents and agreements (at the expense of the Borrower), including amendments, supplements or modifications to this Agreement, as the Borrowers or such new Senior Priority Representative or Second Priority Representative
shall reasonably request in writing in order to provide the new Senior Priority Representative or Second Priority Representative the rights of a Senior Priority Representative or Second Priority Representative (as applicable) contemplated hereby,
(b) deliver to such Senior Priority Representative or, after the Discharge of Senior Priority Obligations, Second Priority Representative, to the extent that it is legally permitted to do so, all Collateral, including all proceeds thereof, held
or controlled by such Second Priority Representative or Senior Subordinated Priority Representative or any of its agents or bailees, including the transfer of possession and control, as applicable, of the Pledged or Controlled Collateral, together
with any necessary endorsements and notices to depositary banks, securities intermediaries and commodities intermediaries, and assign its rights under any landlord waiver or bailee’s letter or any similar agreement or arrangement granting it
rights or access to Collateral notify any applicable insurance carrier that it is no longer entitled to be a loss payee or additional insured under the insurance policies of any Grantor issued by such insurance carrier and (d) notify any
governmental authority involved in any condemnation or similar proceeding involving a Grantor that the new Senior Priority Representative or Second Priority Representative (as applicable) is entitled to approve any awards granted in such proceeding.

  
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 SECTION 5.07. Purchase Right. 

(a) Without prejudice to the enforcement of the Senior Priority Secured Parties’ remedies, the Senior Priority Secured Parties agree that
following (i) the acceleration of the Senior Priority Obligations in accordance with the terms of the Senior Priority Debt Documents, (ii) the commencement of an Insolvency or Liquidation Proceeding, (iii) the commencement of an
Enforcement Action, or (iv) the occurrence of an event of default under the Senior Priority Debt Documents which is continuing by reason of an insolvency event of default or non-payment of any amount
which is immediately due and payable under the Senior Priority Debt Documents (each, a “Second Priority Creditor Purchase Event”), within thirty (30) days of such Second Priority Creditor Purchase Event, one or more of the
Second Priority Secured Parties may (unless one or more Senior Subordinated Priority Parties has exercised its option to purchase all, but not less than all, of the aggregate amount of outstanding Senior Priority Obligations and Second Priority Debt
Obligations in accordance with Section 5.07(b)) request, and the Senior Priority Secured Parties hereby offer the Second Priority Secured Parties the option, to purchase all, but not less than all, of the aggregate amount of outstanding Senior
Priority Obligations outstanding at the time of purchase in accordance with the terms of the applicable Senior Priority Debt Documents at par, plus any premium that would be applicable upon prepayment of the Senior Priority Obligations (assuming a
prepayment at the time of the purchase) and accrued and unpaid interest, fees, and expenses without warranty or representation or recourse (except for representations and warranties required to be made by assigning lenders pursuant to the Assignment
and Assumption (as such term is defined in the Senior Secured Credit Agreement as in force as at the date of this Agreement)). In the case of any Senior Priority Obligations in respect of Letters of Credit (including reimbursement obligations in
connection therewith), simultaneously with the purchase of the other Senior Priority Obligations, the purchasing Second Priority Secured Parties shall provide the Senior Priority Secured Parties who issued such Letters of Credit cash collateral in
such amounts (not to exceed 105% thereof) as such Senior Priority Secured Parties determine is reasonably necessary to secure such Senior Priority Obligations in connection with any outstanding and undrawn Letters of Credit. If more than one Second
Priority Secured Party has exercised such purchase right and the aggregate amount of all purchase rights exercised exceeds the amount of the Senior Priority Obligations, the amount with respect to which each exercising Second Priority Secured Party
shall be deemed to have exercised its purchase right shall be reduced on a ratable basis according to the amounts of the original exercises of such purchase right by each such Second Priority Secured Party. If such right is exercised, the parties
shall endeavor to close promptly thereafter but in any event within ten (10) Business Days of the request. If one or more of the Second Priority Secured Parties exercise such purchase right, it shall be exercised pursuant to documentation
mutually acceptable to each of the Designated Senior Priority Representative and the Designated Second Priority Representative. 
 (b)
Without prejudice to the enforcement of the Senior Priority Secured Parties’ remedies or the Second Priority Secured Parties’ remedies, the Senior Priority Secured Parties and the Second Priority Secured Parties agree that following
(i) the acceleration of the Senior Priority Obligations or the Second Priority Debt Obligations in accordance with the terms of the Senior Priority Debt Documents or the Second Priority Debt Documents, respectively, (ii) the commencement
of an Insolvency or Liquidation Proceeding, (iii) the commencement of an Enforcement Action, or (iv) the occurrence of an event of default under the Senior Priority Debt Documents or the Second Priority Debt Documents which is continuing
by reason of an insolvency event of default or non-payment of any amount which is immediately due and payable under the Senior Priority Debt Documents and/or the Second Priority Debt Documents (each, an
“Senior Subordinated Creditor Purchase Event”), within thirty (30) days of the Senior Subordinated Creditor Purchase Event, one or more of the Senior Subordinated Priority Parties may request, and the Senior Priority Secured
Parties and the Second Priority Secured Parties hereby offer the option, to purchase all, but not less than all, of the aggregate amount of outstanding Senior Priority 

  
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Obligations and Second Priority Debt Obligations outstanding at the time of purchase in accordance with the terms of the applicable Senior Priority Debt Documents and the applicable Second
Priority Debt Documents at par, plus any premium that would be applicable upon prepayment of the Senior Priority Obligations or the Second Priority Debt Obligations (assuming a prepayment at the time of the purchase) and accrued and unpaid interest,
fees, and expenses without warranty or representation or recourse (except for representations and warranties required to be made by assigning lenders pursuant to the Assignment and Assumption (as such term is defined in the Senior Secured Credit
Agreement as in force as at the date of this Agreement or as such equivalent term is defined in the applicable Second Priority Debt Documents)). In the case of any Senior Priority Obligations in respect of Letters of Credit (including reimbursement
obligations in connection therewith), simultaneously with the purchase of the other Senior Priority Obligations, the purchasing Senior Subordinated Priority Parties shall provide the Senior Priority Secured Parties who issued such Letters of Credit
cash collateral in such amounts (not to exceed 105% thereof) as such Senior Priority Secured Parties determine is reasonably necessary to secure such Senior Priority Obligations in connection with any outstanding and undrawn Letters of Credit. If
more than one Senior Subordinated Priority Party has exercised such purchase right and the aggregate amount of all purchase rights exercised exceeds the amount of the Senior Priority Obligations and Second Priority Debt Obligations, the amount with
respect to which each exercising Senior Subordinated Priority Party shall be deemed to have exercised its purchase right shall be reduced on a ratable basis according to the amounts of the original exercises of such purchase right by each such
Senior Subordinated Priority Party. If such right is exercised, the parties shall endeavor to close promptly thereafter but in any event within ten (10) Business Days of the request. If one or more of the Senior Subordinated Priority Parties
exercise such purchase right, it shall be exercised pursuant to documentation mutually acceptable to each of the Designated Senior Priority Representative, the Designated Second Priority Representative and the Designated Senior Subordinated Priority
Representative. 
 (c) If none of the Second Priority Secured Parties timely exercise such right under Section 5.07(a), the Senior
Priority Secured Parties shall have no further obligations pursuant to Section 5.07(a) for such Second Priority Creditor Purchase Event and may take any further actions in their sole discretion in accordance with the Senior Priority Debt
Documents and this Agreement. 
 (d) If none of the Senior Subordinated Priority Parties timely exercise such right under
Section 5.07(b), the Senior Priority Secured Parties and the Second Priority Secured Parties shall have no further obligations pursuant to Section 5.07(b) for such Senior Subordinated Creditor Purchase Event and may take any further
actions in their sole discretion in accordance with the Senior Priority Debt Documents and the Second Priority Debt Documents (as applicable) and this Agreement. 

(e) Notwithstanding anything in this Agreement or any other Senior Priority Debt Document or Second Priority Debt Document or Senior
Subordinated Priority Debt Document to the contrary, for the purposes of this Section 5.07 (i) Senior Priority Obligations shall exclude TLB Proceeds Loan Obligations, (ii) Senior Priority Secured Parties shall exclude the Lux Borrower,
(iii) Senior Subordinated Priority Obligations shall exclude HY Proceeds Loan Obligations and (iv) Senior Subordinated Priority Parties shall exclude the Notes Issuers. 

SECTION 5.08. Proceeds Loans and Honeywell Indemnity Agreement. 

(a) No member of the Group other than the Lux Notes Issuer shall be a holder of HY Proceeds Loan Obligations, and no member of the Group other
than the Swiss Borrower shall be an obligor thereof. 
 (b) No member of the Group other than the Lux Borrower shall be a holder of TLB
Proceeds Loan Obligations, and no member of the Group other than the Swiss Borrower shall be an obligor thereof. 

  
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 (c) The Swiss Borrower (or any other member of the Group on its behalf) shall only make
payments with respect to the HY Proceeds Loan Obligations and the TLB Proceeds Loan Obligations (including with respect to principal and interest thereon) if and to the extent permitted by the then extant Senior Priority Debt Documents and Non-Senior Priority Debt Documents. 
 (d) No obligations arising under the Honeywell Indemnity Documents
shall benefit from any lien over any asset or property of any member of the Group. 
 SECTION 5.09. Hedging.

 (a) Identity of Secured Hedge Counterparties. No person providing hedging arrangements to any Debtor shall be entitled to share in
any of the Senior Priority Collateral or in the benefit of any guarantee or indemnity under any of the Senior Priority Debt Documents in respect of any of the obligations arising in respect of those hedging arrangements nor shall those obligations
be treated as Secured Hedge Obligations unless that person is or becomes a party to this Agreement pursuant to Section 15.28. 
 (b)
Restriction on Payment: Secured Hedge Obligations. 
 (i) Prior to the Discharge of the Senior Priority Obligations,
the Debtors shall not make any Payment under the Secured Hedge Obligations at any time that an Event of Default under the Senior Priority Debt Documents is continuing if the relevant Debtor’s obligation to make the Payment arises from a Credit
Related Close-Out (as defined in paragraph (f)(i)(G) below) in relation to a Secured Hedge Agreement unless, subject to paragraph (j) below, the prior consent of the Designated Senior Priority
Representative is obtained. 
 (ii) No payment may be made to a Secured Hedge Counterparty under paragraph (b)(i) above if
any scheduled Payment due from that Secured Hedge Counterparty to a Debtor under a Secured Hedge Agreement to which they are both party is due and unpaid unless, subject to paragraph (j) below, the prior consent of the Designated Senior
Priority Representative is obtained. 
 (iii) Failure by a Debtor to make a Payment to a Secured Hedge Counterparty which
results solely from the operation of paragraph (b)(ii) above shall not result in a default (however described) in respect of that Debtor under that Secured Hedging Agreement. 

(c) Payment obligations continue. No Debtor shall be released from the liability to make any Payment (including of default interest,
which shall continue to accrue) under any Secured Hedge Agreement by the operation of any provisions hereunder even if its obligation to make that Payment is restricted at any time by such provisions. 

(d) Collateral: Secured Hedge Counterparties. The Secured Hedge Counterparties may not take, accept or receive the benefit of any
Collateral from any Debtor in respect of the Secured Hedge Obligations other than the Senior Priority Collateral. 
 (e) Restriction on
Enforcement: Secured Hedge Counterparties. Subject to paragraphs (f) and (g) below, prior to the Discharge of the Senior Priority Obligations the Secured Hedge Counterparties shall not take any Enforcement Action in respect of any of the
Secured Hedge Obligations or any of the hedging transactions under any of the Secured Hedge Agreements at any time. 
 (f) Permitted
Enforcement: Secured Hedge Counterparties. 

  
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 (i) To the extent it is able to do so under the relevant Secured Hedge
Agreement, a Secured Hedge Counterparty may terminate or close-out in whole or in part any hedging transaction under that Secured Hedge Agreement prior to its stated maturity if: 

(A) (1) in respect of a Secured Hedge Agreement which is based on the 1992 ISDA Master Agreement (A) an Illegality or
Tax Event or Tax Event Upon Merger (each as defined in the 1992 ISDA Master Agreement), or (B) an event similar in meaning and effect to a “Force Majeure Event” (as defined in paragraph (2) below), has occurred in respect of that
Secured Hedge Agreement; (2) in respect of a Secured Hedge Agreement which is based on the 2002 ISDA Master Agreement, an Illegality or Tax Event, Tax Event Upon Merger or a Force Majeure Event (each as defined in the 2002 ISDA Master
Agreement) has occurred in respect of that Secured Hedge Agreement; (3) in respect of a Secured Hedge Agreement which is not based on an ISDA Master Agreement, any event similar in meaning and effect to an event described in (1) and (2)
above has occurred under and in respect of that Secured Hedge Agreement; or (4) prior to the occurrence of a Distress Event, by way of mutual consent between the parties of the relevant Secured Hedge Agreement; 

(B) a reduction in term loan Senior Priority Obligations results in (1) the aggregate amount of interest rate hedging
transactions which are in effect under Secured Hedge Agreements or (2) the aggregate amount of foreign exchange rate hedging transactions which are in effect under Secured Hedge Agreements to exceed the aggregate amount of principal (excluding
any capitalised or deferred interest) then outstanding under the term loan Senior Priority Obligations to which the relevant hedge transactions relate (the amount of any such excess the “Hedge Excess”), provided that any such
termination or close-out shall be (x) made under Secured Hedge Agreements which relate to the term loan Senior Priority Obligations which have been reduced and (y) in such amount as is necessary to
reduce such interest rate hedging transactions or foreign exchange rate hedging transactions (as applicable) by an amount not exceeding the applicable Hedge Excess; 

(C) Senior Priority Obligations are repaid or refinanced in full, provided that such termination or close-out is made under Secured Hedge Agreements which relate to the relevant repaid or refinanced Senior Priority Obligations; 

(D) the Secured Hedge Obligations under the relevant Secured Hedge Agreement at any time are not equally and ratably secured
with, and guaranteed to the same extent as, the obligations of the relevant Debtor under the Senior Priority Debt Documents to which such Secured Hedge Obligations relate; 

(E) a Distress Event has occurred and is continuing; 

(F) any Insolvency or Liquidation Proceeding has commenced (and is continuing) in respect of a Debtor which is party to that
Secured Hedge Agreement; or 

  
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 (G) subject to paragraph (j) below, the Designated Senior Priority
Representative gives prior consent (which consent shall not require the consent, sanction, authority or further confirmation from any Creditor or any other Person) to that termination or close-out being made
(any close-out or termination pursuant to paragraphs (D), (E) or (F) being a “Credit Related Close-Out”). 

(ii) If a Debtor has defaulted on any payment due under a Secured Hedge Agreement (after allowing any applicable notice or
grace periods) and the default has continued unwaived for more than 10 days after notice of that default has been given to the Designated Senior Priority Representative, the relevant Secured Hedge Counterparty: 

(A) may, to the extent it is able to do so under the relevant Secured Hedge Agreement, terminate or close-out in whole or in part any hedging transaction under that Secured Hedge Agreement; and 

(B) until the Designated Senior Priority Representative has given notice to that Secured Hedge Counterparty that the Senior
Priority Collateral is being enforced, or that any formal steps are being taken to enforce the Senior Priority Collateral, in each case in accordance with the terms of this Agreement, shall be entitled to exercise any right it might otherwise have
to sue for, commence or join legal or arbitration proceedings against any Debtor to recover any Secured Hedge Obligations due under that Secured Hedge Agreement. 

(iii) After the commencement of any Insolvency or Liquidation Proceeding in respect of any Debtor (which is continuing), to the
extent permitted by the relevant Secured Hedge Agreement, each Secured Hedge Counterparty shall be entitled to exercise any right it may otherwise have in respect of that Debtor to: 

(A) prematurely close-out or terminate any Secured Hedge Obligations of that Group
Company in accordance with the terms of the relevant Secured Hedge Agreement; 
 (B) make a demand under any guarantee,
indemnity or other assurance against loss given by that Group Company in respect of any relevant Secured Hedge Obligations; 

(C) exercise any right of set-off or take or receive any payment in respect of any
relevant Secured Hedge Obligations of that Debtor; or 
 (D) claim and prove in the Insolvency or Liquidation Proceeding of
that Debtor for the Secured Hedge Obligations owing to it. 
 (g) Required Enforcement: Secured Hedge Counterparties. 

(i) Subject to paragraph (ii) below, a Secured Hedge Counterparty shall promptly terminate or close-out in full any hedging transaction under all or any of the Secured Hedge Agreements to which it is party prior to their stated maturity, following (A) the occurrence of a Distress Event which is
continuing and delivery to it of a notice from the Designated Senior Priority Representative that such Distress Event has occurred and is continuing; and (B) delivery to it of a subsequent notice from the Designated Senior Priority
Representative instructing it to do so. 

  
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 (ii) Paragraph (i) above shall not apply to the extent that such
Distress Event occurred as a result of an arrangement made between any Debtor and any Secured Creditor with the purpose of bringing about that Distress Event. 

(iii) If a Secured Hedge Counterparty is entitled to terminate or close-out any hedging
transaction under paragraph (f)(ii) above (or would have been able to if such Secured Hedge Counterparty had given the notice referred to in that paragraph) but has not terminated or closed out each such hedging transaction, that Secured Hedge
Counterparty shall promptly terminate or close-out in full each such hedging transaction following a request to do so by the Designated Senior Priority Representative. 

(h) Treatment of payments due to Debtors on termination of hedging transactions. If, on termination of any hedging transaction under any
Secured Hedge Agreement occurring after a Distress Event, a settlement amount or other amount (following the application of any relevant netting in respect of that Secured Hedge Agreement) falls due from a Secured Hedge Counterparty to the relevant
Debtor then that amount shall be paid by that Secured Hedge Counterparty to the Senior Secured Collateral Agent, treated as the proceeds of enforcement of the Senior Priority Collateral and applied in accordance with the terms of this Agreement. The
payment of that amount by the Secured Hedge Counterparty to the Senior Secured Collateral Agent above shall discharge the Hedge Counterparty’s obligation to pay that amount to that Debtor. 

(i) Terms of Secured Hedge Agreements. The Secured Hedge Counterparties (to the extent party to the Secured Hedge Agreement in question)
and the Debtors party to the Secured Hedge Agreements shall ensure that, at all times: 
 (i) each Secured Hedge Agreement is
based either (1) on an ISDA Master Agreement; or (2) on another framework agreement which is similar in effect to an ISDA Master Agreement; 

(ii) in the event of a termination of the hedging transaction entered into under a Secured Hedge Agreement, whether as a result
of (1) a Termination Event or an Event of Default, each as defined in the relevant Secured Hedge Agreement (in the case of a Secured Hedge Agreement which is based on an ISDA Master Agreement); or (2) an event similar in meaning and effect
to either of those described in (1) above (in the case of a Secured Hedge Agreement which is not based on an ISDA Master Agreement), that Secured Hedge Agreement will: (A) if it is based on a 1992 ISDA Master Agreement, provide for
payments under the “Second Method” and will make no material amendment to section 6(e) (Payments on Early Termination) of the ISDA Master Agreement; (B) if it is based on a 2002 ISDA Master Agreement, make no material amendment
to section 6(e) (Payments on Early Termination) of the ISDA Master Agreement; or (C) if it is not based on an ISDA Master Agreement, provide for any other method the effect of which is that the party to which that event is referable will
be entitled to receive payment under the relevant termination provisions if the net replacement value of all terminated transactions entered into under that Secured Hedge Agreement is in its favor; 

(iii) each Secured Hedge Agreement will not provide for Automatic Early Termination other than to the extent that the provision
of Automatic Early Termination is consistent with practice in the relevant derivatives market, taking into account the legal status and jurisdiction of incorporation of the parties to that Secured Hedge Agreement; and 

  
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 (iv) each Secured Hedge Agreement will provide that the relevant Secured
Hedge Counterparty will be entitled to terminate each transaction under such Secured Hedge Agreement if so required hereunder. 
 (j) On
or after Discharge of Senior Priority Obligations. At any time on or after the Discharge of Senior Priority Obligations (excluding any Secured Hedge Obligations and any Cash Management Obligations), any action which is permitted hereunder by
reason of the prior consent of the Designated Senior Priority Representative will be permitted. 
 SECTION 5.10. Cash
Management. 
 (a) Restriction on Enforcement. Subject to Section 5.10(b), so long as the Discharge of Senior Priority
Obligations (excluding any Secured Hedge Obligations and any Cash Management Obligations) has not occurred, none of the Cash Management Providers shall be entitled to take any Enforcement Action in respect of any of the Cash Management Obligations
owed to it. 
 (b) Permitted Enforcement. Each Cash Management Provider may take Enforcement Action which would be available to it but
for Section 5.10(a) if: (i) at the same time as, or prior to, that action, Enforcement Action has been taken in respect of the Senior Priority Obligations (excluding the Cash Management Obligations), in which case the Cash Management
Providers may take the same Enforcement Action as has been taken in respect of those Senior Priority Obligations; (ii) that Enforcement Action is taken in respect of cash cover or cash collateral which has been provided in accordance with the
Senior Priority Debt Documents; (iii) at the same time as or prior to, that action, the consent of the Designated Senior Priority Representative to that Enforcement Action is obtained; (iv) an Insolvency or Liquidation Proceeding has
occurred in relation to any Debtor, in which case after the occurrence of that Insolvency or Liquidation Proceeding, each Cash Management Provider shall be entitled (if it has not already done so) to exercise any right it may otherwise have in
respect of that Debtor to (1) accelerate any of that Debtor’s Senior Priority Obligations or declare them prematurely due and payable on demand, (2) make a demand under any guarantee, indemnity or other assurance against loss given by
that Debtor in respect of any Senior Priority Obligations, (3) exercise any right of set-off or take or receive any payment in respect of any Senior Priority Obligations of that Debtor or (4) claim
and prove in the liquidation of that Debtor for the Senior Priority Obligations owing to it; or (v) that Enforcement Action is contemplated by the Senior Priority Debt Documents. 

(c) Exceptions. Notwithstanding the foregoing, this Section 5.10 shall not restrict the right of any Cash Management Provider
(i) to demand repayment or prepayment of Cash Management Obligations owed to it prior to any due date, termination date or similar date under any Cash Management Agreement or (ii) to net, set off or exercise any similar right in respect of
any account in respect of fees, expenses, indemnification obligations, returned items, chargebacks, cash pooling arrangements, “zero balance” arrangements, multi-account netting arrangements and items that are similar to any of the
foregoing, in each case, to the extent not restricted by the Senior Priority Debt Documents. 
 (d) Identity of Cash Management
Providers. No person providing cash management arrangements to any Debtor shall be entitled to share in any of the Senior Priority Collateral or in the benefit of any guarantee or indemnity under any of the Senior Priority Debt Documents in
respect of any of the obligations arising in respect of those cash management arrangements nor shall those obligations be treated as Cash Management Obligations unless that person is or becomes a party to this Agreement pursuant to
Section 15.29. 

  
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 SECTION 5.11. Senior Secured Parallel Debt. 

(a) Subject to the limitations set out in each Senior Priority Collateral Document, each Loan Party hereby irrevocably and unconditionally
undertakes to pay to the Senior Secured Collateral Agent amounts equal to any amounts owing from time to time by that Loan Party to any Senior Priority Secured Parties under any of the Senior Priority Debt Documents, including any Guarantee, as and
when those amounts are due (the “Senior Secured Parallel Debt”). 
 (b) Each Loan Party and the Senior Secured Collateral
Agent acknowledge that the obligations of each Loan Party under clause (a) above are several and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of that Loan Party to any Senior
Priority Secured Party under any of the Senior Priority Debt Documents, including any Guarantee (its “Senior Secured Corresponding Debt”), nor shall the amounts for which each Loan Party is liable under clause (a) above (its
Senior Secured Parallel Debt) be limited or affected in any way by its Senior Secured Corresponding Debt provided that: (i) the Senior Secured Parallel Debt of each Loan Party shall be decreased to the extent that its Senior Secured
Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; and (ii) the Senior Secured Corresponding Debt of each Loan Party shall be decreased to the extent that its Senior Secured Parallel Debt has been
irrevocably paid or (in the case of guarantee obligations) discharged; and (iii) the amount of the Senior Secured Parallel Debt of a Loan Party shall at all times be equal to the amount of its Senior Secured Corresponding Debt. 

(c) For the purpose of this Section 5.11, the Senior Secured Collateral Agent acts in its own name and not as a trustee, and its claims in
respect of the Senior Secured Parallel Debt shall not be held on trust. The Liens granted under the Senior Priority Debt Documents, including any Guarantee, to the Senior Secured Collateral Agent to secure the Senior Secured Parallel Debt are
granted to the Senior Secured Collateral Agent, in its capacity as creditor of the Senior Secured Parallel Debt and shall not be held on trust. 

(d) All moneys received or recovered by the Senior Secured Collateral Agent pursuant to this Section 5.11, and all amounts received or
recovered by the Senior Secured Collateral Agent, from or by the enforcement of any Liens granted to secure the Senior Secured Parallel Debt, shall be applied in accordance with Section 4.01 of this Agreement. 

SECTION 5.12. Second Priority Parallel Debt. 

(a) Subject to the limitations set out in each Second Priority Collateral Document, each Borrower and Grantor under the Second Priority Debt
Documents (the “Second Priority Loan Parties”) hereby irrevocably and unconditionally undertakes to pay to any party appointed as collateral agent or security agent under the Second Priority Collateral Documents (the “Second
Priority Collateral Agent”), amounts equal to any amounts owing from time to time by that Second Priority Loan Party to any Second Priority Secured Parties under any of the Second Priority Debt Documents, including any guarantee, as and
when those amounts are due (the “Second Priority Parallel Debt”). 
 (b) Each Second Priority Loan Party and the Second
Priority Collateral Agent acknowledge that the obligations of each Second Priority Loan Party under clause (a) above are several and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of
that Second Priority Loan Party to any Second Priority Secured Party under any of the Second Priority Debt Documents, including any guarantee (its “Second Priority Corresponding Debt”), nor shall the amounts for which each Second
Priority Loan Party is liable under clause (a) above (its Second Priority Parallel Debt) be limited or affected in any way by its Second Priority Corresponding Debt provided that: (i) the Second Priority Parallel Debt of each Second
Priority Loan Party shall be decreased to the extent that its 

  
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Second Priority Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; and (ii) the Second Priority Corresponding Debt of each Second Priority
Loan Party shall be decreased to the extent that its Second Priority Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; and (iii) the amount of the Second Priority Parallel Debt of a Second Priority
Loan Party shall at all times be equal to the amount of its Second Priority Corresponding Debt. 
 (c) For the purpose of this
Section 5.12, the Second Priority Collateral Agent acts in its own name and not as a trustee, and its claims in respect of the Second Priority Parallel Debt shall not be held on trust. The Liens granted under the Second Priority Debt Documents,
including any guarantee to the Second Priority Collateral Agent to secure the Second Priority Parallel Debt are granted to the Second Priority Collateral Agent, in its capacity as creditor of the Second Priority Parallel Debt and shall not be held
on trust. 
 (d) All moneys received or recovered by the Second Priority Collateral Agent pursuant to this Section 5.12, and all amounts
received or recovered by the Second Priority Collateral Agent, from or by the enforcement of any Liens granted to secure the Second Priority Parallel Debt, shall be applied in accordance with Section 4.01 of this Agreement. 

ARTICLE 6 
 INSOLVENCY OR
LIQUIDATION PROCEEDINGS 
 Solely with respect to the U.S. Debtors the following provisions shall govern: 

SECTION 6.01. Financing and Sale Issues. 

Until the Discharge of Senior Priority Obligations has occurred, if Holdings, the Notes Issuers, the Borrowers or any other Debtor shall be
subject to any Insolvency or Liquidation Proceeding, then (x) each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility and (y) each Senior Subordinated
Priority Representative, for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, agrees that if any Senior Priority Representative or Senior Priority Secured Party shall desire to
consent (or not object) to the sale, use or lease of cash or other collateral or to consent (or not object) to Holdings’, the Borrowers’ or any other Grantor’s or Debtor’s obtaining financing under Section 363 or
Section 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law (“DIP Financing”), it will raise no objection to and will not otherwise contest such sale, use or lease of cash or other collateral or such
DIP Financing and, except to the extent permitted by the proviso to clause (ii) of Section 3.01(a) and Section 6.03, will not request adequate protection or any other relief in connection therewith and, to the extent the Liens
securing any Senior Priority Obligations are subordinated to or have the same priority as the Liens securing such DIP Financing, will subordinate (and will be deemed hereunder to have subordinated) its Liens in the Collateral to (x) such DIP
Financing (and all obligations relating thereto) on the same basis as the Liens securing the Second Priority Debt Obligations or Senior Subordinated Priority Debt Obligations (as applicable) are so subordinated to Liens securing Senior Priority
Obligations under this Agreement, (y) any “carve-out” for professional and United States Trustee fees agreed to by the Senior Priority Representatives and (z) all adequate protection liens
granted to the Senior Priority Secured Parties; provided that none of the foregoing provisions shall be binding on the Second Priority Secured Parties or Senior Subordinated Priority Parties to the extent that the sum of the then outstanding
principal amount of any Senior Priority Obligations and Senior Subordinated Priority Debt Obligations and any DIP Financing exceeds the DIP Cap Amount (after giving effect to the concurrent Refinancing of any Senior Priority Obligations). Each
Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility and each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated

  
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Priority Party under its Senior Subordinated Priority Debt Facility, further agrees that (A) it will raise no objection to (and will not otherwise contest) any motion for relief from the
automatic stay or from any injunction against foreclosure or enforcement in respect of Senior Priority Obligations made by any Senior Priority Representative or any other Senior Priority Secured Party, (B) it will raise no objection to (and
will not otherwise contest) any lawful exercise by any Senior Priority Secured Party of the right to credit bid Senior Priority Obligations at any sale in foreclosure of Senior Priority Collateral or otherwise under Section 363(k) of the
Bankruptcy Code or any similar provision of any other Bankruptcy Law, (C) it will raise no objection to (and will not otherwise contest) any other request for judicial relief made in any court by any Senior Priority Secured Party relating to
the lawful enforcement of any Lien on Senior Priority Collateral and (D) it will raise no objection to (and will not otherwise contest or oppose) any order relating to a Disposition of assets of any Debtor for which any Senior Priority
Representative has consented or not objected that provides, to the extent such Disposition is to be free and clear of Liens, that the Liens securing the Senior Priority Obligations and the Second Priority Debt Obligations and the Senior Subordinated
Priority Debt Obligations will attach to the proceeds of the sale on the same basis of priority as the Liens on the Collateral securing the Senior Priority Obligations rank to the Liens on the Collateral securing the Second Priority Debt Obligations
or Senior Subordinated Priority Debt Obligations (as applicable) pursuant to this Agreement; provided that such motion does not impair, subject to the priorities set forth in this Agreement, the rights of the Second Priority Secured Parties
or the Senior Subordinated Priority Parties under Section 363(k) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law, so long as the right of the Second Priority Secured Parties or Senior Subordinated Priority Parties
(as applicable) to offset their claim against the purchase price is only after the Senior Priority Obligations have been paid in full in cash; provided, further, that (i) any Second Priority Secured Party and any Senior
Subordinated Priority Party may raise any objection to the bidding or related procedures proposed to be utilized in connection with such sale of assets that could be raised by an unsecured creditor of the Debtors; and (ii) nothing in this
Section 6.01 shall prohibit any Second Priority Secured Party or Senior Subordinated Priority Party from (1) exercising its rights to vote in favor of or against a plan of reorganization or similar dispositive restructuring plan in a
manner consistent with, and not in violation of, this Agreement (including Section 6.11), (2) proposing a DIP Financing to any Debtor that is junior to the Senior Priority Obligations, or (c) objecting to any provision in any proposed DIP
Financing relating, describing or requiring the material provisions or content of a plan of reorganization or similar dispositive restructuring plan. Each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party
under its Second Priority Debt Facility and each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, agrees that notice received three
(3) Business Days prior to the entry of an order approving such usage of cash or other collateral or approving such DIP Financing shall be adequate notice. 

After the Discharge of Senior Priority Obligations each Second Priority Representative and Second Priority Secured Party shall have all of the
rights vis-à-vis each Senior Subordinated Priority Representative (for itself and on behalf of each Senior Subordinated Priority Party under its Senior
Subordinated Priority Debt Facility) provided to the Senior Priority Representative and Senior Priority Secured Party under this Section 6.01 mutatis mutandis (without any consent, sanction, authority or further confirmation from any
Second Priority Secured Party, Senior Subordinated Priority Party, Intra-Group Lender, Debtor or the Honeywell Indemnitee). 

SECTION 6.02. Relief from the Automatic Stay. 

Until the Discharge of Senior Priority Obligations has occurred, (x) each Second Priority Representative, for itself and on behalf of
each Second Priority Secured Party under its Second Priority Debt Facility and (y) each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt
Facility, agrees that none 

  
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of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding or take any action in derogation thereof, in each case in respect of any Common
Senior Priority/Second Priority Collateral or Common Collateral (as applicable), without the prior written consent of the Designated Senior Priority Representative. 

Until the Discharge of Second Priority Debt Obligations has occurred, each Senior Subordinated Priority Representative, for itself and on
behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, agrees that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding or take any
action in derogation thereof, in each case in respect of any Common Senior Priority/Second Priority Collateral or Common Collateral (as applicable), without the prior written consent of the Designated Second Priority Representative. 

SECTION 6.03. Adequate Protection. 

Each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility
and each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, agrees that none of them shall object, contest or support any other
Person objecting to or contesting (a) any request by any Senior Priority Representative or any Senior Priority Secured Parties for adequate protection in any form, (b) any objection by any Senior Priority Representative or any Senior
Priority Secured Parties to any motion, relief, action or proceeding based on any Senior Priority Representative’s or Senior Priority Secured Party’s claiming a lack of adequate protection or (c) the payment of interest, fees,
expenses or other amounts of any Senior Priority Representative or any other Senior Priority Secured Party under Section 506(b) or 506(c) the Bankruptcy Code or any similar provision of any other Bankruptcy Law. Notwithstanding anything
contained in this Section 6.03 or in Section 6.01, in any Insolvency or Liquidation Proceeding, (i) if the Senior Priority Secured Parties (or any subset thereof) are granted adequate protection in the form of a Lien on additional or
replacement collateral and/or superpriority claims in connection with any DIP Financing or use of cash collateral under Section 363 or 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law, then (x) each Second
Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility and (y) each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated
Priority Party under its Senior Subordinated Priority Debt Facility, may seek or request (as applicable) adequate protection in the form of a Lien on such additional or replacement collateral and/or a superpriority claim, which Lien is subordinated
to the Liens securing and providing adequate protection for all Senior Priority Obligations and such DIP Financing (and all obligations relating thereto) on the same basis as the other Liens securing the Second Priority Debt Obligations or the
Senior Subordinated Priority Debt Obligations (as applicable) are so subordinated to the Liens securing Senior Priority Obligations under this Agreement, and which superpriority claim is subordinated to all superpriority claims granted as adequate
protection to the Senior Priority Secured Parties, and (ii) in the event (w) any Second Priority Representatives, for themselves and on behalf of the Second Priority Secured Parties under their Second Priority Debt Facilities or
(x) any Senior Subordinated Priority Representatives, for themselves and on behalf of the Senior Subordinated Priority Parties under their Senior Subordinated Priority Debt Facilities, seek or request adequate protection and such adequate
protection is granted in the form of a Lien on additional or replacement collateral and/or a superpriority claim, then (y) such Second Priority Representatives, for themselves and on behalf of each Second Priority Secured Party under their
Second Priority Debt Facilities and (z) such Senior Subordinated Priority Representatives, for themselves and on behalf of each Senior Subordinated Priority Party under their Senior Subordinated Priority Debt Facilities, agree that each Senior
Priority Representative shall also be granted (as applicable) a senior Lien on such additional or replacement collateral and/or a senior superpriority claim as security and adequate protection for the Senior Priority

  
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Obligations and any such DIP Financing and that any Lien on such additional or replacement collateral securing or providing adequate protection for the Second Priority Debt Obligations or Senior
Subordinated Priority Debt Obligations (as applicable) shall be subordinated to the Liens on such collateral securing the Senior Priority Obligations and any such DIP Financing (and all obligations relating thereto) and any other Liens granted to
the Senior Priority Secured Parties as adequate protection on the same basis as the other Liens securing the Second Priority Debt Obligations or Senior Subordinated Priority Debt Obligations (as applicable) are so subordinated to such Liens securing
Senior Priority Obligations under this Agreement, and any superpriority claims granted as adequate protection for the Second Priority Debt Obligations or Senior Subordinated Priority Debt Obligations (as applicable) shall be subordinated to all
superpriority claims granted as adequate protection to the Senior Priority Secured Parties for the Senior Priority Obligations. Without limiting the generality of the foregoing, to the extent that the Senior Priority Secured Parties are granted
adequate protection in the form of payments in the amount of current post-petition fees and expenses, and/or other cash payments, then (x) each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under
its Second Priority Debt Facility and (y) each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, shall not be prohibited from
seeking adequate protection in the form of payments in the amount of current post-petition incurred fees and expenses, and/or other cash payments (as applicable), subject to the right of the Senior Priority Secured Parties to object to the amounts
of fees and expenses or other cash payments so sought by the Second Priority Secured Parties or the Senior Subordinated Priority Parties (as applicable). 

SECTION 6.04. Preference Issues. 

If any Senior Priority Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to disgorge, turn over or otherwise
pay any amount to the estate of Holdings, the Borrowers or any other Debtor (or any trustee, receiver or similar Person therefor), because the payment of such amount was declared to be fraudulent or preferential in any respect or for any other
reason (any such amount, a “Recovery”), whether received as proceeds of security, enforcement of any right of setoff or otherwise, then the Senior Priority Obligations shall be reinstated to the extent of such Recovery and deemed to
be outstanding as if such payment had not occurred and the Senior Priority Secured Parties shall be entitled to the benefits of this Agreement until a Discharge of Senior Priority Obligations with respect to all such recovered amounts. If this
Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties
hereto. Each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility and each Senior Subordinated Priority Representative, for itself and on behalf of each Senior
Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, hereby agrees that none of them shall be entitled to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made in
accordance with this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such avoidance action otherwise allocable to them shall instead be allocated and turned over for application in accordance with
the priorities set forth in this Agreement. 
 SECTION 6.05. Separate Grants of Security and Separate
Classifications. 
 Each Second Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second
Priority Debt Facility and each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, acknowledges and agrees that (a) the grants
of Liens pursuant to the Senior Priority Collateral Documents, the Second Priority Collateral Documents and the Senior Subordinated Priority 

  
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Collateral Documents constitute separate and distinct grants of Liens and (b) because of, among other things, their differing rights in the Collateral, the Senior Priority Obligations, the
Second Priority Debt Obligations and the Senior Subordinated Priority Debt Obligations are each fundamentally different and must be separately classified in any plan of reorganization or similar dispositive restructuring plan proposed, confirmed or
adopted in an Insolvency or Liquidation Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that any claims of the Senior Priority Secured Parties and/or the Second Priority
Secured Parties and/or the Senior Subordinated Priority Parties in respect of the Collateral constitute a single class of claims (rather than separate classes of senior and junior secured claims), then each Second Priority Representative, for itself
and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility and each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated Priority Party under its Senior Subordinated
Priority Debt Facility (as applicable), hereby acknowledges and agrees that all distributions from the Collateral shall be made as if there were separate classes of senior and junior secured claims against the Grantors in respect of the Collateral,
with the effect being that, to the extent that the aggregate value of the Collateral is sufficient (for this purpose ignoring all claims held by the Second Priority Secured Parties and the Senior Subordinated Priority Parties), the Senior Priority
Secured Parties shall be entitled to receive, in addition to amounts distributed to them in respect of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest,
fees and expenses (whether or not allowed or allowable) before any distribution from the Collateral is made in respect of the Second Priority Debt Obligations or the Senior Subordinated Priority Debt Obligations (as applicable), with each Second
Priority Representative, for itself and on behalf of each Second Priority Secured Party under its Second Priority Debt Facility, and each Senior Subordinated Priority Representative, for itself and on behalf of each Senior Subordinated Priority
Party under its Senior Subordinated Priority Debt Facility, hereby acknowledging and agreeing to turn over to the Designated Senior Priority Representative amounts otherwise received or receivable by them to the extent necessary to effectuate the
intent of this sentence, even if such turnover has the effect of reducing the claim or recovery of the Second Priority Secured Parties or the Senior Subordinated Priority Parties (as applicable). 

SECTION 6.06. No Waivers of Rights of Senior Priority Secured Parties. 

Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Priority Representative or any
other Senior Priority Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Secured Party or Senior Subordinated Priority Party, including the seeking by any Second Priority
Secured Party or Senior Subordinated Priority Party of adequate protection or the asserting by any Second Priority Secured Party or Senior Subordinated Priority Party of any of its rights and remedies under the Second Priority Debt Documents or
Senior Subordinated Priority Debt Documents or otherwise. 
 SECTION 6.07. Application. 

This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under Section 510(a) of the
Bankruptcy Code or any similar provision of any other Bankruptcy Law, shall be effective before, during and after the commencement of any Insolvency or Liquidation Proceeding. The relative rights as to the Collateral and proceeds thereof shall
continue after the commencement of any Insolvency or Liquidation Proceeding on the same basis as prior to the date of the petition therefor, subject to any court order approving the financing of, or use of cash collateral by, any Grantor. All
references herein to any Grantor shall include such Grantor as a debtor-in-possession and any receiver or trustee for such Grantor. 

  
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 SECTION 6.08. Other Matters. 

To the extent that any Second Priority Representative or any Second Priority Secured Party or any Senior Subordinated Priority Representative
or any Senior Subordinated Priority Party has or acquires rights under Section 363 or Section 364 of the Bankruptcy Code or any similar provision of any other Bankruptcy Law with respect to any of the Collateral, such Second Priority
Representative, on behalf of itself and each Second Priority Secured Party under its Second Priority Debt Facility or such Senior Subordinated Priority Representative, on behalf of itself and each Senior Subordinated Priority Party under its Senior
Subordinated Priority Debt Facility, agrees not to assert any such rights without the prior written consent of each Senior Priority Representative, provided that if requested by any Senior Priority Representative, such Second Priority
Representative shall timely exercise such rights in the manner requested by the Senior Priority Representatives (acting unanimously), including any rights to payments in respect of such rights. 

SECTION 6.09. 506(c) Claims. 

Until the Discharge of Senior Priority Obligations has occurred, each Second Priority Representative, on behalf of itself and each Second
Priority Secured Party under its Second Priority Debt Facility and each Senior Subordinated Priority Representative, on behalf of itself and each Senior Subordinated Priority Party under its Senior Subordinated Priority Debt Facility, agrees that it
will not assert or enforce any claim under Section 506(c) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law senior to or on a parity with the Liens securing the Senior Priority Obligations for costs or expenses of
preserving or disposing of any Collateral. 
 SECTION 6.10. Reorganization Securities. 

If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the
reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of both the Senior Priority Obligations and/or the Second Priority Debt Obligations and/or the Senior Subordinated
Priority Debt Obligations, then, to the extent the debt obligations distributed on account of the Senior Priority Obligations and/or the Second Priority Debt Obligations and/or the Senior Subordinated Priority Debt Obligations are secured by Liens
upon the same assets or property, the provisions of this Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

SECTION 6.11. Voting. 

No Second Priority Secured Party or Senior Subordinated Priority Party (in each case whether in the capacity of a secured creditor or an
unsecured creditor) shall propose, vote in favor of, or otherwise directly or indirectly support any plan of reorganization, liquidation or other dispositive restructuring plan that is inconsistent with the priorities or other provisions of this
Agreement. Without limiting the generality of the foregoing, no Second Priority Secured Party (other than with the prior written consent of the Designated Senior Priority Representative) or Senior Subordinated Priority Party (other than with the
prior written consent of the Designated Senior Priority Representative) may (whether in the capacity of a secured creditor or an unsecured creditor) vote in favor of, or otherwise directly or indirectly support any plan unless such plan
(a) pays off, in cash in full, all Senior Priority Obligations or (b) such plan is proposed or supported by the number of Senior Priority Secured Parties, in accordance with Section 1126(c) of the Bankruptcy Code or any similar
provision of any other Bankruptcy Law. 

  
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 SECTION 6.12. Section 1111(b) of the Bankruptcy
Code. 
 Each Non-Senior Priority Representative, shall not object to, oppose, support
any objection, or take any other action to impede, the right of any Senior Priority Secured Party (or, in the case of any Senior Subordinated Priority Representative, any Second Priority Secured Party) to make an election under
Section 1111(b)(2) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law. Each Non-Senior Priority Representative, waives any claim it may hereafter have against any senior
claimholder arising out of the election by any Senior Priority Secured Party (or, in the case of any Senior Subordinated Priority Representative, any Second Priority Secured Party) of the application of Section 1111(b)(2) of the Bankruptcy Code
or any similar provision of any other Bankruptcy Law. 
 SECTION 6.13. Post-Petition Interest 

(a) No Non-Senior Priority Party shall oppose or seek to challenge any claim by the Senior Priority
Representative or any other Senior Priority Secured Party for allowance in any Insolvency or Liquidation Proceeding of Senior Priority Obligations consisting of claims for post-petition interest, fees, or expenses under Section 506(b) of the
Bankruptcy Code or any similar provision of any other Bankruptcy Law or otherwise. 
 (b) Neither the Senior Priority Representative nor any
other Senior Priority Secured Party shall oppose or seek to challenge any claim by any Non-Senior Priority Party for allowance in any Insolvency or Liquidation Proceeding of
Non-Senior Priority Obligations consisting of claims for post-petition interest, fees, or expenses under Section 506(b) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law or
otherwise, to the extent of the value of the Lien of such Non-Senior Priority Representative on behalf of the Non-Senior Priority Parties on the Collateral (after taking
into account the Senior Priority Obligations). 
 SECTION 6.14. Debt Subordination under the Corporations Act 

Each Grantor incorporated in Australia agrees with the other parties that the subordination of the
Non-Senior Priority Obligations in the manner set out in this Agreement is intended to be a debt subordination within the meaning of s563C(2) of the Australian Corporations Act. 

ARTICLE 7 
 RELIANCE; ETC. 

SECTION 7.01. Reliance. 

(a) The consent by the Senior Priority Secured Parties to the execution and delivery of the Second Priority Debt Documents and the Senior
Subordinated Priority Debt Documents to which the Senior Priority Secured Parties have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the Senior Priority Secured Parties to Holdings, a
Borrower or any Subsidiary shall be deemed to have been given and made in reliance upon this Agreement. Each Non-Senior Priority Representative, acknowledges that it and such Second Priority Secured Parties
and Senior Subordinated Priority Parties (as applicable) have, independently and without reliance on any Senior Priority Representative or other Senior Priority Secured Party, and based on documents and information deemed by them appropriate, made
their own credit analysis and decision to enter into the Second Priority Debt Documents and Senior Subordinated Priority Debt Documents to which they are party or by which they are bound, this Agreement and the transactions contemplated hereby and
thereby, and they will continue to make their own credit decision in taking or not taking any action under the Second Priority Debt Documents or the Senior Subordinated Priority Debt Documents (as applicable) or this Agreement. 

  
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 (b) The consent by the Second Priority Secured Parties to the execution and delivery of the
Senior Subordinated Priority Debt Documents to which the Second Priority Secured Parties have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the Second Priority Secured Parties to Holdings,
a Borrower or any Subsidiary shall be deemed to have been given and made in reliance upon this Agreement. Each Senior Subordinated Priority Representative, acknowledges that it and such Senior Subordinated Priority Parties have, independently and
without reliance on any Second Priority Representative or other Second Priority Secured Party, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into the Senior Subordinated
Priority Debt Documents to which they are party or by which they are bound, this Agreement and the transactions contemplated hereby and thereby, and they will continue to make their own credit decision in taking or not taking any action under the
Senior Subordinated Priority Debt Documents or this Agreement. 
 SECTION 7.02. No Warranties or Liability. 

Each Non-Senior Priority Representative, acknowledges and agrees that neither any Senior Priority
Representative nor any other Senior Priority Secured Party has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Senior
Priority Debt Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. The Senior Priority Secured Parties will be entitled to manage and supervise their respective loans and extensions of credit under the
Senior Priority Debt Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and the Senior Priority Secured Parties may manage their loans and extensions of credit without regard to any rights or
interests that the Non-Senior Priority Parties have in the Collateral or otherwise, except as otherwise provided in this Agreement. Neither any Senior Priority Representative nor any other Senior Priority
Secured Party shall have any duty to any Non-Senior Priority Party to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under
any agreement with Holdings, the Borrowers or any Subsidiary (including the Non-Senior Priority Debt Documents), regardless of any knowledge thereof that they may have or be charged with. Except as expressly
set forth in this Agreement, the Senior Priority Representatives, the Senior Priority Secured Parties, and each of the Non-Senior Priority Parties have not otherwise made to each other, nor do they hereby make
to each other, any warranties, express or implied, nor do they assume any liability to each other with respect to the enforceability, validity, value or collectability of any of the Senior Priority Obligations, the
Non-Senior Priority Obligations or any guarantee or security which may have been granted to any of them in connection therewith, any Grantor’s title to or right to transfer any of the Collateral or any
other matter except as expressly set forth in this Agreement. 
 SECTION 7.03. Obligations Unconditional. 

All rights, interests, agreements and obligations of the Senior Priority Representatives, the Senior Priority Secured Parties, and the Non-Senior Priority Parties hereunder shall remain in full force and effect irrespective of: 
 (a) any
lack of validity or enforceability of any Senior Priority Debt Document or any Non-Senior Priority Debt Document; 

  
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 (b) any change in the time, manner or place of payment of, or in any other terms of, all or
any of the Senior Priority Obligations or Non-Senior Priority Obligations, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or
otherwise, of the terms of the Senior Secured Credit Agreement or any other Senior Priority Debt Document or of the terms of any Non-Senior Priority Debt Document; 

(c) any exchange of any security interest in any Collateral or any other collateral or any amendment, waiver or other modification, whether in
writing or by course of conduct or otherwise, of all or any of the Senior Priority Obligations or Non-Senior Priority Obligations or any guarantee thereof; 

(d) the commencement of any Insolvency or Liquidation Proceeding in respect of Holdings, the Borrowers or any other Debtor; or 

(e) any other circumstances that otherwise might constitute a defense available to, or a discharge of, (i) Holdings, the Borrowers or any
other Debtor in respect of the Senior Priority Obligations or (ii) any Non-Senior Priority Party in respect of this Agreement. 

ARTICLE 8 
 RESTRICTIONS APPLICABLE
TO INTRA-GROUP INDEBTEDNESS 
 SECTION 8.01. Subordination of Intra-Group Indebtedness. 

Each Debtor covenants and agrees, and each Intra-Group Lender likewise covenants and agrees, notwithstanding anything to the contrary
contained in any of the Intra-Group Documents, that the payment of any and all Intra-Group Indebtedness shall be subordinated and subject in right and time of payment to the Senior Priority Obligations and the
Non-Senior Priority Obligations to the extent and in the manner hereinafter set forth, at all times prior to the Final Discharge Date. In relation to its Secured Obligations (whether now outstanding or
hereafter created, incurred, assumed or guaranteed), each Secured Party shall be deemed to have acquired such Secured Obligations in reliance upon the provisions contained in this Agreement. 

SECTION 8.02. Restriction on Payment. 

Prior to the Final Discharge Date, the Debtors shall not, and Holdings shall ensure that its Restricted Subsidiaries shall not, make any
Payments of the Intra-Group Indebtedness at any time while an Acceleration Event is continuing. 
 SECTION 8.03.
Restriction on Enforcement. 
 Subject to Section 8.04, no Intra-Group Lender shall be entitled to take any Enforcement Action
in respect of any of the Intra-Group Indebtedness at any time prior to the Final Discharge Date. 
 SECTION 8.04.
Permitted Enforcement. 
 Prior to the Final Discharge Date and after the occurrence of an Insolvency and Liquidation Proceeding in
relation to any member of the Group, the Intra-Group Lender may (unless otherwise directed by the Applicable Designated Representative or unless the Applicable Designated Representative has taken, or has given notice that it intends to take, action
on behalf of the relevant Intra-Group Lender in accordance with Section 10.04) exercise any right it may otherwise have against that member of the Group to (a) accelerate any of the Intra-Group Indebtedness or declare any of it prematurely
due and payable or payable on demand; (b) make a demand under any guarantee, indemnity or other assurance against loss given in respect of any Intra-Group Indebtedness; (c) exercise any right of
set-off or take or receive any Payment in respect of any Intra-Group Indebtedness; or (d) claim and prove in the liquidation of that member of the Group for the Intra-Group Indebtedness owing to it. 

  
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 SECTION 8.05. Turnover in Respect of Intra-Group Indebtedness. 

Except as otherwise permitted or required under this Agreement, if at any time prior to the Final Discharge Date an Intra-Group Lender
receives or recovers a payment or distribution of any kind whatsoever (including by way of set-off or combination of accounts) in respect or on account of any of the Intra-Group Indebtedness which is
prohibited by the terms of this Agreement, that Intra-Group Lender will, if requested by the Applicable Designated Representative, promptly pay all amounts and distributions received by it to the Applicable Designated Representative for application
to the payment of the Secured Obligations and any unsecured Senior Subordinated Priority Debt Obligations in accordance with the terms of this Agreement after deducting the costs, liabilities and expenses (if any) reasonably incurred in recovering
or receiving the payment or distribution and, pending that payment, will hold those amounts and distributions in trust for (or, to the extent the concept of trust is not recognized in the relevant jurisdiction, on behalf of and for the benefit of)
the Creditors (other than the Intra-Group Lenders). If, for any reason, any of the trusts expressed to be created in this Article 8 should fail or to be unenforceable, the affected Intra-Group Lender will, unless otherwise agreed by the Applicable
Designated Representative and subject to receiving payment instructions and any other relevant information from the Applicable Designated Representative, promptly pay an amount equal to that receipt or recovery to the Applicable Designated
Representative for application in accordance with the terms of this Agreement. 
 SECTION 8.06. Notice and
Acknowledgement of Collateral. 
 (a) Each Intra-Group Lender, by its entry into this Agreement (or, as the case may be, by its entry
into an Intra-Group Lender Joinder Agreement as an Intra-Group Lender), hereby serves notice of assignment and/or charge required pursuant to the applicable Collateral Documents of the Debt Documents evidencing the terms of the Intra-Group
Indebtedness owing to that Intra-Group Lender. 
 (b) Each Debtor, by its entry into this Agreement (or, as the case may be, by its entry
into a Joinder Agreement as a Debtor, pursuant to Section 15.07), acknowledges receipt of any notice of assignment and/or charge served pursuant to paragraph (a) above. 

ARTICLE 9 
 [Reserved] 

ARTICLE 10 
 ADDITIONAL PROVISIONS
REGARDING NON-U.S. INSOLVENCY OR LIQUIDATION PROCEEDING 
 SECTION 10.01. Payment
of Distributions. 
 (a) After the occurrence of an Insolvency or Liquidation Proceeding under laws other than the laws of the United
States of America or any State (within the meaning of Section 9-102(a)(76) of the UCC) (a “Non-U.S. Insolvency Event”) in relation to any Debtor,
any Creditor (other than a Senior Priority Secured Party) entitled to receive a distribution out of the assets of that member of the Group in respect of the Liabilities owed to that Creditor shall (only to the extent that such distribution would
otherwise constitute a receipt or recovery of a type required to be paid over pursuant to the provisions of Section 4.02, and, in all cases if prior to a Distress Event, only if required by the Applicable Designated

  
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Representative), subject to receiving payment instructions and any other relevant information from the Applicable Designated Representative and to the extent it is able to do so, direct the
Person responsible for the distribution of the assets of that member of the Group to pay that distribution to the Applicable Designated Representative until the Liabilities owing to the Creditors represented by such Applicable Designated
Representative have been paid in full. 
 (b) The Applicable Designated Representative shall apply distributions paid to it under
paragraph (a) above in accordance with Section 4.01. 
 SECTION 10.02.
Set-Off. 
 (a) To the extent that any member of the Group’s Liabilities are discharged
by way of set-off (mandatory or otherwise) after the occurrence of a Non-U.S. Insolvency Event in relation to that member of the Group, any Creditor (other than a Senior
Priority Secured Party) which benefited from that set-off shall (only to the extent that the relevant discharge constitutes a receipt or recovery of a type required to be paid over pursuant to the provisions
of Section 4.02 and Section 8.05 and, in all cases if prior to Distress Event, only if required by the Applicable Designated Representative, subject to receiving payment instructions and any other relevant information from the Applicable
Designated Representative) pay an amount equal to the amount of the Liabilities owed to it which are discharged by that set-off to the Applicable Designated Representative for application in accordance with
Section 4.01. 
 (b) Section 10.02(a) shall not apply to any set-off which is otherwise
permitted to be made under this Agreement notwithstanding the occurrence of the relevant Non-U.S. Insolvency Event. 

SECTION 10.03. Filing of Claims. 

After the occurrence of a Non-U.S. Insolvency Event in relation to any Debtor, each Creditor
irrevocably authorizes the Applicable Designated Representative, on its behalf, to: (i) take any Enforcement Action (in accordance with the terms of this Agreement) against that member of the Group; (ii) demand, sue, prove and give receipt
for any or all of that member of the Group’s Liabilities; (iii) collect and receive all distributions on, or on account of, any or all of that member of the Group’s Liabilities; and (iv) file claims, take proceedings and do all
other things the Applicable Designated Representative considers reasonably necessary to recover that member of the Group’s Liabilities. 

SECTION 10.04. Creditors’ Actions. 

Each Creditor will: (i) do all things that the Applicable Designated Representative reasonably requests in order to give effect to this
Article 10; and (ii) if the Applicable Designated Representative is not entitled to take any of the actions contemplated by this Article 10 or if the Applicable Designated Representative requests that a Creditor take that action, undertake that
action itself in accordance with the instructions of the Applicable Designated Representative or grant a power of attorney to the Applicable Designated Representative (on such terms as the Applicable Designated Representative may reasonably require)
to enable the Applicable Designated Representative to take such action. 
 SECTION 10.05. Collateral Agent
Instructions. 
 For the purposes of Section 10.03 and Section 10.04, the Applicable Designated Representative shall act
(a) on the instructions of the Applicable Secured Parties or (b) in the absence of any such instructions, as the Applicable Designated Representative sees fit (which may include taking no action). 

  
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 SECTION 10.06. Australian PPSA. 

To the full extent permitted by law: 

(a) each Secured Party contracts out of its entitlement to receive from another Secured Party each notice or document which section 115(5) of
the Australian PPSA permits it to contract out of, and waives each right to receive from another Secured Party a notice or document which section 144(c) of the Australian PPSA permits it to waive; 

(b) each Secured Party agrees with the other Secured Party not to exercise any rights under section 127(2) of the Australian PPSA without its
consent; and 
 (c) each Secured Party waives its right to receive from another Secured Party anything under section 275 of the Australian
PPSA, and it agrees not to make any request of another Secured Party under that section. 
 Nothing in this clause affects the right of a
Secured Party to receive a notice, document or amount or exercise a right which it is otherwise entitled to receive or exercise under another provision herein or any other agreement or law. 

ARTICLE 11 
 ADDITIONAL PROVISIONS
REGARDING ENFORCEMENT 
 OF NON-U.S. COLLATERAL 

SECTION 11.01. Consultation Period. 

(a) Subject to Section 11.01(b), before giving any instructions to the Applicable Designated Representative to enforce the Non-U.S. Collateral or refrain or cease from enforcing the Non-U.S. Collateral or to take any other Enforcement Action in respect of
Non-U.S. Collateral, the Representative(s) of the Creditors represented in the Applicable Secured Parties shall consult with each other Representative and the Applicable Designated Representative in good faith
about the instructions to be given by the Applicable Secured Parties for a period of not less than ten (10) Business Days (or, in the case of any consultation involving a Representative in respect of any high yield notes, debt securities or
other similar instruments, thirty (30) days) from the date on which details of the proposed instructions are received by such Representative or the Applicable Designated Representative (or such shorter period as each Representative and the
Applicable Designated Representative shall agree) (the “Consultation Period”), and, subject to Section 11.01(b) only following the expiry of a Consultation Period shall the Applicable Secured Parties concerned be entitled to
give any instructions to the Applicable Designated Representative to enforce the Non-U.S. Collateral or refrain or cease from enforcing the Non-U.S. Collateral or take
any other Enforcement Action. 
 (b) No Representative (other than the Applicable Designated Representative) shall be obliged to consult in
accordance with paragraph (a) above and the Applicable Secured Parties concerned shall be entitled to give any instructions to the Applicable Designated Representative to enforce the Non-U.S. Collateral
or take any other Enforcement Action prior to the end of a Consultation Period (in each case, provided that such instructions are consistent with, and do not violate, any provisions of this Agreement and the Collateral Documents) if:
(i) the Non-U.S. Collateral has become enforceable as a result of an Insolvency or Liquidation Proceeding; or (ii) the Applicable Secured Parties concerned or any Representative of the Creditors
represented in the Applicable Secured Parties determines in good faith 

  
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(and notifies each other Representative and the Applicable Designated Representative) that to enter into such consultation and thereby delay the commencement of enforcement of the Non-U.S. Collateral could reasonably be expected to have a material adverse effect on: (A) the Applicable Designated Representative’s ability to enforce any of the
Non-U.S. Collateral; or (B) the realization proceeds of any enforcement of the Non-U.S. Collateral. 

(c) As soon as reasonably practicable following receipt of any instructions from the Applicable Secured Parties in accordance with this Article
11 to enforce the Non-U.S. Collateral, refrain or cease from enforcing the Non-U.S. Collateral or, as the case may be, take any other Enforcement Action, the Applicable
Designated Representative shall provide a copy of such instructions to each other Representative (unless it received those instructions from that Person). 

ARTICLE 12 
 AGREEMENT SOLELY AMONG
THE SENIOR PRIORITY SECURED PARTIES 
 Solely as among the Senior Priority Secured Parties the following provisions shall govern: 

SECTION 12.01. Priority of claims. 

(a) Anything contained herein or in any of the Senior Priority Debt Documents to the contrary notwithstanding (but subject to
Section 12.06), if any Senior Priority Secured Party is taking action to enforce rights in respect of any Senior Priority Collateral, or any distribution is made in respect of any Senior Priority Shared Collateral in any Insolvency or
Liquidation Proceeding of the Borrower or any other Debtor or any Senior Priority Secured Party receives any payment pursuant to this Agreement with respect to any Senior Priority Shared Collateral or otherwise pursuant to Section 4.01, the
proceeds of any sale, collection or other liquidation of any such Senior Priority Shared Collateral by any Senior Priority Secured Party or received by any Senior Priority Secured Party pursuant to this Agreement with respect to such Senior Priority
Shared Collateral and proceeds of any such distribution (subject, in the case of any such distribution, to the sentence immediately following) to which the Senior Priority Obligations are entitled (together the “Senior Collateral
Proceeds”), shall be applied first, to the payment in full in cash of all fees, expenses and other amounts owing to the Designated Senior Priority Representative and each other Senior Priority Representative (in each case in its
capacity as such) pursuant to the terms of any Senior Priority Debt Document, and second, subject to Section 12.07, to the payment in full in cash of the Senior Priority Obligations of each Series on a ratable basis, with such proceeds
to be applied to the Senior Priority Obligations of a given Series in accordance with the terms of the applicable Senior Priority Debt Documents (provided, however, that the TLB Proceeds Loan Creditor shall only be entitled to receive such proceeds
(on a ratable basis) to the extent such proceeds result directly from a recovery, distribution or payment (howsoever described) from the Swiss Borrower). Notwithstanding the foregoing, with respect to any Senior Priority Shared Collateral for which
a third party (other than a Senior Priority Secured Party) has a lien or security interest that is junior in priority to the security interest of any Series of Senior Priority Obligations but senior (as determined by appropriate legal proceedings in
the case of any dispute) to the security interest of any other Series of Senior Priority Obligations (such third party, an “Senior Priority Intervening Creditor”), the value of any Senior Priority Shared Collateral or Proceeds which
are allocated to such Senior Priority Intervening Creditor shall be deducted on a ratable basis solely from the Senior Priority Shared Collateral or proceeds to be distributed in respect of the Series of Senior Priority Obligations with respect to
which such Impairment exists. 
 (b) Notwithstanding anything contained herein or in any of the Senior Priority Debt Documents to the
contrary (but subject to Section 12.07), if any Senior Priority Party receives any proceeds or distributions pursuant to Section 4.01 which do not constitute Senior Collateral Proceeds, any such proceeds and distributions to which the
Senior Priority Obligations are entitled, shall be applied first, 

  
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to the payment in full in cash of all fees, expenses and other amounts owing to each Senior Priority Representative (in its capacity as such) pursuant to the terms of any Senior Priority Debt
Document, and second, subject to Section 12.07, to the payment in full in cash of the Senior Priority Obligations of each Series on a ratable basis, with such proceeds to be applied to the Senior Priority Obligations of a given Series in
accordance with the terms of the applicable Senior Priority Debt Documents (provided, however, that the TLB Proceeds Loan Creditor shall only be entitled to receive such proceeds (on a ratable basis) to the extent such proceeds result directly from
a recovery, distribution or payment (howsoever described) from the Swiss Borrower). 
 (c) It is acknowledged that the Senior Priority
Obligations of any Series may, subject to the limitations set forth in the then extant Senior Priority Debt Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended
or modified from time to time, all without affecting the priorities set forth in Section 12.01(a) or the provisions of this Agreement defining the relative rights of the Senior Priority Secured Parties of any Series. 

SECTION 12.02. Equal Priority of Liens and Prohibition on Contesting Liens. 

(a) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of Senior
Priority Obligations granted on the Senior Priority Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law or the Senior Priority Debt Documents or any defect or deficiencies in
the Liens securing the Senior Priority Obligations of any Series or any other circumstance whatsoever (but, in each case, subject to Section 12.07), each Senior Priority Secured Party hereby agrees that the Liens securing each Series of Senior
Priority Obligations on any Senior Priority Shared Collateral shall be of equal priority. 
 (b) Each of the Senior Priority Secured Parties
agrees that it will not (and hereby waives any right to) question or contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity, attachment or
enforceability of a Lien held by or on behalf of any of the Senior Priority Secured Parties in all or any part of the Senior Priority Shared Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed
to prevent or impair the rights of any Senior Priority Secured Party to enforce this Agreement. 
 SECTION 12.03.
Equalization. 
 (a) The provisions of this Section 12.03 shall be applied at such time or times after the Enforcement
Date as the Designated Senior Priority Representative shall consider appropriate. Without prejudice to the generality of the preceding sentence, if the provisions of this Section 12.03 have been applied before all the Senior Priority
Obligations (other than the TLB Proceeds Loan Obligations and any Non-Equalising Hedge Obligations) have matured and/or been finally quantified, the Designated Senior Priority Representative may elect to re-apply those provisions on the basis of revised Exposures and the relevant Senior Priority Secured Parties shall make appropriate adjustment payments amongst themselves. 

(b) If, for any reason, any Senior Priority Obligations (other than the TLB Proceeds Loan Obligations and any
Non-Equalising Hedge Obligations) remain unpaid after the Enforcement Date and the resulting losses are not borne by the Senior Priority Secured Parties (other than the TLB Proceeds Loan Creditor and any Non-Equalising Hedge Counterparty) in the proportions which their respective Exposures at the Enforcement Date bore to the aggregate Exposures of all the Senior Priority Secured Parties (other than the TLB Proceeds
Loan Creditor and any Non-Equalising Hedge Counterparty) at the 

  
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Enforcement Date, the Senior Priority Secured Parties (other than the TLB Proceeds Loan Creditor and any Non-Equalising Hedge Counterparty) will make such
payments amongst themselves as the Designated Senior Priority Representative shall require to put the Senior Priority Secured Parties (other than the TLB Proceeds Loan Creditor and any Non-Equalising Hedge
Counterparty) in such a position that (after taking into account such payments) those losses are borne in those proportions. 
 (c) Before
each occasion on which it intends to implement the provisions of this Section 12.03, the Designated Senior Priority Representative shall send notice to each Senior Priority Secured Party (other than the TLB Proceeds Loan Creditor and any Non-Equalising Hedge Counterparty) requesting that it notify the Designated Senior Priority Representative of its Exposure. 

(d) If a Senior Priority Secured Party fails to make a payment due from it under this Section 12.03, the Designated Senior Priority
Representative shall be entitled (but not obliged) to take action on behalf of the Senior Priority Secured Party to whom such payment was to be redistributed (subject to being indemnified to its satisfaction by such Senior Priority Secured Party in
respect of costs) but shall have no liability or obligation towards such Senior Priority Secured Party as regards such default in payment and any loss suffered as a result of such default shall lie where it falls. 

(e) For the purposes of this Section 12.03: 

“Exposure” means: 

(a) in relation to a Senior Priority Secured Party (other than a Secured Hedge Counterparty or the TLB Proceeds Loan Creditor), the aggregate
amount of its participation (if any, and without double counting) in all utilizations of loan facilities outstanding or principal amounts outstanding under note instruments in each case outstanding under the Senior Priority Debt Documents (other
than any TLB Proceeds Loan or Secured Hedge Agreement) at the Enforcement Date (assuming all contingent liabilities which have become actual liabilities since the Enforcement Date to have been actual liabilities at the Enforcement Date (but not
including, for these purposes only, any interest that would have accrued from the Enforcement Date to the date of actual maturity in respect of those liabilities) and assuming any transfer of claims between Senior Priority Secured Parties (other
than Secured Hedge Counterparties and the TLB Proceeds Loan Creditor) pursuant to any loss-sharing arrangement in the Senior Priority Debt Documents which has taken place since the Enforcement Date to have taken place at the Enforcement Date)
together with the aggregate amount of all accrued interest, fees and commission owed to it in its capacity as a Senior Priority Secured Party under the Senior Priority Debt Documents and amounts owed to it by a Debtor in respect of any Cash
Management Obligations but excluding: (i) any amount owed to it by a member of the Group in respect of any Cash Management Obligations to the extent (and in the amount) that cash cover has been provided by a member of the Group in respect of
that amount and is available to that Senior Priority Secured Party pursuant to the relevant cash cover document; and (ii) any amount outstanding in respect of a letter of credit to the extent (and in the amount) that cash cover has been
provided by a member of the Group in respect of that amount and is available to the party it has been provided for pursuant to the relevant cash cover document; and 

(b) in relation to a Secured Hedge Counterparty: 

(i) if that Secured Hedge Counterparty has terminated or closed out any hedging transaction under any Secured Hedging Agreement
in accordance with the terms of this Agreement on or prior to the Enforcement Date, the amount, if any, payable to it under that Secured Hedging Agreement in respect of that termination or close-out as of the
date of termination or close-out (taking into account any interest accrued on that amount) to the extent that amount is unpaid at the Enforcement Date (that amount to be certified by the relevant Secured Hedge
Counterparty and as calculated in accordance with the relevant Secured Hedging Agreement); and 

  
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 (ii) if that Secured Hedge Counterparty has not terminated or closed out any
hedging transaction under any Secured Hedging Agreement on or prior to the Enforcement Date: 
 (A) if the relevant Secured
Hedging Agreement is based on an ISDA Master Agreement the amount, if any, which would be payable to it under that Secured Hedging Agreement in respect of that hedging transaction if the Enforcement Date was deemed to be an Early Termination Date
(as defined in the relevant ISDA Master Agreement) for which the relevant Debtor is the Defaulting Party (as defined in the relevant ISDA Master Agreement); or 

(B) if the relevant Secured Hedging Agreement is not based on an ISDA Master Agreement, the amount if any, which would be
payable to it under that Secured Hedging Agreement in respect of that hedging transaction if the Enforcement Date was deemed to be the date on which an event similar in meaning and effect (under that Secured Hedging Agreement) to an Early
Termination Date (as defined in any ISDA Master Agreement) occurred under that Secured Hedging Agreement for which the relevant Debtor is in a position similar in meaning and effect (under that Secured Hedging Agreement) to that of a Defaulting
Party (under and as defined in the same ISDA Master Agreement), 
 that amount, in each case, to be certified by the relevant
Secured Hedge Counterparty and as calculated in accordance with the relevant Secured Hedging Agreement. 
 “Non-Equalising Hedge Obligations” means any Secured Hedge Obligations in respect of which Honeywell Technologies Sàrl is not the member of the Group which is the counterparty; 

“Non-Equalising Hedge Counterparty” means any Secured Hedge
Counterparty in respect of Non-Equalising Hedge Obligations; 
 SECTION 12.04.
Payment Over.  
 Each Senior Priority Secured Party hereby agrees that if it shall obtain possession of any Senior Priority
Shared Collateral or shall realize any proceeds or payment in respect of any such Senior Priority Collateral, pursuant to any Senior Priority Collateral Document or by the exercise of any rights available to it under applicable law or in any
Insolvency or Liquidation Proceeding or through any other exercise of remedies (including pursuant to any intercreditor agreement), at any time prior to the Discharge of Senior Priority Obligations, then it shall hold such Senior Priority Shared
Collateral, proceeds or payment in trust for the other Senior Priority Secured Parties and promptly transfer such Senior Priority Shared Collateral, proceeds or payment, as the case may be, to the Designated Senior Priority Representative, to be
distributed in accordance with the provisions of Section 4.01 hereof. 

  
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 SECTION 12.05. Automatic Release of Liens. 

If, at any time the Designated Senior Priority Representative forecloses upon or otherwise exercises remedies against any Senior Priority
Shared Collateral resulting in a sale or disposition thereof, then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the other Senior Priority Secured Parties upon such Senior Shared Priority
Collateral will automatically be released and discharged as and when, but only to the extent, such Liens of the Designated Senior Priority Representative on such Senior Priority Collateral are released and discharged; provided that any
proceeds of any Senior Priority Shared Collateral realized therefrom shall be applied pursuant to Section 4.01. Each Senior Priority Representative agrees to execute and deliver (at the sole cost and expense of the Debtors) all such
authorizations and other instruments as shall reasonably be requested by the Designated Senior Priority Representative to evidence and confirm any release of Senior Priority Shared Collateral provided for in this Section. 

SECTION 12.06. Gratuitous Bailee for Perfection. 

Each Senior Priority Representative agrees to hold any Senior Priority Shared Collateral that can be perfected by the possession or control,
in its possession or control (or in the possession or control of its agents or bailees) as sub-agent and gratuitous bailee (such bailment being intended, among other things, to satisfy the requirements of Section 8-301(a)(2) and 9-313(c) of the Uniform Commercial Code, to the extent applicable) for the benefit of each other Senior Priority Secured Party and any assignee
solely for the purpose of perfecting the security interest granted in such Senior Priority Shared Collateral, if any, pursuant to the applicable Senior Priority Collateral Documents, in each case, subject to the terms and conditions of this
Section 12.06; provided that the Senior Priority Secured Parties agree to deliver all such Senior Priority Shared Collateral that can be perfected by the possession or control to the Designated Senior Priority Representative together
with any necessary endorsements (or otherwise allow the Designated Senior Priority Representative to obtain control of such Senior Priority Shared Collateral). The Designated Senior Priority Representative agrees to hold any Senior Priority Shared
Collateral that can be perfected by the possession or control, from time to time in its possession or control, as sub-agent and gratuitous bailee such bailment being intended, among other things, to satisfy
the requirements of Section 8-301(a)(2) and 9-313(c) of the Uniform Commercial Code, to the extent applicable) for the benefit of each other Senior Priority Secured
Party and any assignee, solely for the purpose of perfecting the security interest granted in such Senior Priority Shared Collateral, if any, pursuant to the applicable Senior Priority Collateral Documents, in each case, subject to the terms and
conditions of this Section 12.06 The duties or responsibilities of each Senior Priority Representative under this Section 12.06 shall be limited solely to holding any Senior Priority Shared Collateral as gratuitous bailee for the benefit
of each other Senior Priority Secured Party for purposes of perfecting the Lien held by such Senior Priority Secured Parties therein. Nothing in this Section 12.06 shall be construed to impose any fiduciary or other duty on any Designated
Senior Priority Representative or any Senior Priority Representative to any to any other Senior Priority Secured Party or give any Senior Priority Secured Party the right to direct the Designated Senior Priority Representative, except that the
Designated Senior Priority Representative shall be obligated to distribute proceeds of any Senior Priority Collateral in accordance with Sections 4.01 and 12.01. 

SECTION 12.07. Impairments. 

It is the intention of the Senior Priority Secured Parties of each Series that the holders of Senior Priority Obligations of such Series (and
not the Senior Priority Secured Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the Senior Priority Obligations of such Series are unenforceable under applicable law
or are subordinated to any other obligations (other than another Series of Senior Priority Obligations), (y) any of the Senior Priority Obligations of such Series do not have an enforceable security interest in any of the Senior Priority Collateral
securing any other Series of Senior Priority Obligations and/or (z) any intervening security interest exists securing any other obligations (other than another Series of Senior Priority Obligations) on a basis ranking prior to the security
interest of such Series of Senior Priority Obligations but junior to the 

  
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security interest of any other Series of Senior Priority Obligations or (ii) the existence of any Senior Priority Collateral for any other Series of Senior Priority Obligations that is not
Senior Priority Shared Collateral (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of Senior Priority Obligations, an “Impairment” of such Series); provided, that the existence of
a maximum claim with respect to any real property subject to a mortgage which applies to all Senior Priority Obligations shall not be deemed to be an Impairment of any Series of Senior Priority Obligations. In the event of any Impairment with
respect to any Series of Senior Priority Obligations, the results of such Impairment shall be borne solely by the holders of such Series of Senior Priority Obligations, and the rights of the holders of such Series of Senior Priority Obligations
(including, without limitation, the right to receive distributions in respect of such Series of Senior Priority Obligations pursuant to Sections 4.01 and 12.01) set forth herein shall be modified to the extent necessary so that the effects of such
Impairment are borne solely by the holders of the Series of such Senior Priority Obligations subject to such Impairment. Additionally, in the event the Senior Priority Obligations of any Series are modified pursuant to applicable law (including,
without limitation, pursuant to Section 1129 of the Bankruptcy Code), any reference to such Senior Priority Obligations or the Senior Priority Collateral Documents governing such Senior Priority Obligations shall refer to such obligations or
such documents as so modified. 
 SECTION 12.08. Certain Agreements with Respect to DIP Financing in any Insolvency or
Liquidation Proceeding. 
 If Holdings, the Borrowers or any other Debtor shall become subject to any Insolvency or Liquidation
Proceeding and shall, as debtor(s)-in-possession, move for approval of the use of cash collateral or of Holdings’, the Borrowers’, or any other Debtor’s
obtaining DIP Financing to be provided by one or more lenders (the “DIP Lenders”), each Senior Priority Secured Party agrees that it will raise no objection and shall be deemed to have consented to any such financing or to the Liens
on the Senior Priority Shared Collateral securing the same (“DIP Financing Liens”) or to any use of cash collateral that constitutes Senior Priority Shared Collateral, unless the Designated Senior Priority Representative shall then
oppose or object to such DIP Financing or such DIP Financing Liens or use of cash collateral (and (i) to the extent that such DIP Financing Liens are senior to the Liens on any such Senior Priority Shared Collateral for the benefit of the
Series of Senior Priority Secured Parties for which the Designated Senior Priority Representative is serving as the Senior Priority Representative, each other Senior Priority Representative and Senior Priority Secured Party will subordinate its
Liens with respect to such Senior Priority Shared Collateral on the same terms as the Liens of the Series of Senior Priority Secured Parties for which the Designated Senior Priority Representative is serving as the Senior Priority Representative
(other than any Liens of any Senior Priority Secured Parties constituting DIP Financing Liens) are subordinated thereto, and (ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Senior Priority
Shared Collateral granted to secure the Senior Priority Obligations of the Series of Senior Priority Secured Parties for which the Designated Senior Priority Representative is serving as the Senior Priority Representative, each other Senior Priority
Representative and Senior Priority Secured Party will confirm the priorities with respect to such Senior Priority Shared Collateral as set forth herein), in each case so long as (A) the Senior Priority Secured Parties of each Series retain the
benefit of their Liens on all such Collateral pledged to the DIP Lenders, including proceeds thereof arising after the commencement of such proceeding, with the same priority
vis-à-vis all the other Senior Priority Secured Parties (other than any Liens of the Senior Priority Secured Parties constituting DIP Financing Liens) as existed
prior to the commencement of the Insolvency or Liquidation Proceeding, (B) the Senior Priority Secured Parties of each Series are granted Liens on any additional collateral pledged to any Senior Priority Secured Parties as adequate protection
or otherwise in connection with such DIP Financing or use of cash collateral, with the same priority vis-à-vis the Senior Priority Secured Parties as set forth in
this Agreement (other than any Liens of the Senior Priority Secured Parties constituting DIP Financing Liens), (C) if any amount of such DIP Financing or cash collateral is applied to repay any of 

  
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the Senior Priority Obligations, such amount is applied pursuant to Section 12.01 of this Agreement, and (D) if any Senior Priority Secured Parties are granted adequate protection,
including in the form of periodic payments, in connection with such DIP Financing or use of cash collateral, the proceeds of such adequate protection are applied pursuant to Section 12.01 of this Agreement; provided that the Senior
Priority Secured Parties of each Series shall have a right to object to the grant of a Lien to secure the DIP Financing over any Collateral subject to Liens in favor of the Senior Priority Secured Parties of such Series or its Senior Priority
Representative that shall not constitute Senior Priority Shared Collateral; and provided, further, that all Senior Priority Secured Parties receiving adequate protection shall not object to (or support any other party in objecting to) any other
Senior Priority Secured Party receiving adequate protection comparable to any adequate protection granted to such Senior Priority Secured Parties in connection with a DIP Financing or use of cash collateral. 

ARTICLE 13 
 AGREEMENT SOLELY AMONG
THE SECOND PRIORITY SECURED PARTIES 
 Solely as among the Second Priority Secured Parties the following provisions shall govern: 

SECTION 13.01. Priority of claims. 

(a) Anything contained herein or in any of the Second Priority Debt Documents to the contrary notwithstanding (but subject to
Section 13.06), if any Second Priority Secured Party is taking action to enforce rights in respect of any Second Priority Shared Collateral, or any distribution is made in respect of any Second Priority Shared Collateral in any Insolvency or
Liquidation Proceeding of the Borrower or any other Debtor or any Second Priority Secured Party receives any payment pursuant to this Agreement with respect to any Second Priority Shared Collateral or otherwise pursuant to Section 4.01, the
proceeds of any sale, collection or other liquidation of any such Second Priority Shared Collateral by any Second Priority Secured Party or received by any Second Priority Secured Party pursuant to this Agreement with respect to such Second Priority
Shared Collateral and proceeds of any such distribution (subject, in the case of any such distribution, to the sentence immediately following) to which the Second Priority Debt Obligations are entitled (together the “Second Priority
Collateral Proceeds”), shall be applied first, to the payment in full in cash of all fees, expenses and other amounts owing to the Designated Second Priority Representative and each other Second Priority Representative (in each case
in its capacity as such) pursuant to the terms of any Second Priority Debt Document, and second, subject to Section 13.06, to the payment in full in cash of the Second Priority Debt Obligations of each Series on a ratable basis, with
such proceeds to be applied to the Second Priority Debt Obligations of a given Series in accordance with the terms of the applicable Second Priority Debt Documents. Notwithstanding the foregoing, with respect to any Second Priority Shared Collateral
for which a third party (other than a Second Priority Secured Party) has a lien or security interest that is junior in priority to the security interest of any Series of Second Priority Debt Obligations but senior (as determined by appropriate legal
proceedings in the case of any dispute) to the security interest of any other Series of Second Priority Debt Obligations (such third party, a “Second Priority Intervening Creditor”), the value of any Second Priority Shared
Collateral or Proceeds which are allocated to such Second Priority Intervening Creditor shall be deducted on a ratable basis solely from the Second Priority Collateral or proceeds to be distributed in respect of the Series of Second Priority Debt
Obligations with respect to which such Impairment exists. 
 (b) Notwithstanding anything contained herein or in any of the Second Priority
Debt Documents to the contrary (but subject to Section 13.06), if any Second Priority Party receives any proceeds or distributions pursuant to Section 4.01 which do not constitute Second Priority Collateral Proceeds, any such proceeds and
distributions to which the Second Priority Debt Obligations are entitled, shall be applied first, to the payment in full in cash of all fees, expenses and other amounts owing to each Second Priority Representative (in its capacity as such)
pursuant to the terms of any Second Priority Debt 

  
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Document, and second, subject to Section 13.06, to the payment in full in cash of the Second Priority Debt Obligations of each Series on a ratable basis, with such proceeds to be
applied to the Second Priority Debt Obligations of a given Series in accordance with the terms of the applicable Second Priority Debt Documents. 

(c) It is acknowledged that the Second Priority Debt Obligations of any Series may, subject to the limitations set forth in the then extant
Second Priority Debt Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended or modified from time to time, all without affecting the priorities set forth in
Section 13.01(a) or the provisions of this Agreement defining the relative rights of the Second Priority Secured Parties of any Series. 

SECTION 13.02. Equal Priority of Liens and Prohibition on Contesting Liens. 

(a) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of Second
Priority Debt Obligations granted on the Second Priority Shared Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law or the Second Priority Debt Documents or any defect or
deficiencies in the Liens securing the Second Priority Debt Obligations of any Series or any other circumstance whatsoever (but, in each case, subject to Section 13.06), each Second Priority Secured Party hereby agrees that the Liens securing
each Series of Second Priority Debt Obligations on any Second Priority Shared Collateral shall be of equal priority. 
 (b) Each of the
Second Priority Secured Parties agrees that it will not (and hereby waives any right to) question or contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority,
validity, attachment or enforceability of a Lien held by or on behalf of any of the Second Priority Secured Parties in all or any part of the Second Priority Shared Collateral, or the provisions of this Agreement; provided that nothing in this
Agreement shall be construed to prevent or impair the rights of any Second Priority Secured Party to enforce this Agreement.  

SECTION 13.03. Payment Over. 

Each Second Priority Secured Party hereby agrees that if it shall obtain possession of any Second Priority Shared Collateral or shall realize
any proceeds or payment in respect of any such Second Priority Shared Collateral, pursuant to any Second Priority Collateral Document or by the exercise of any rights available to it under applicable law or in any Insolvency or Liquidation
Proceeding or through any other exercise of remedies (including pursuant to any intercreditor agreement), at any time prior to the Discharge of Second Priority Debt Obligations, then it shall hold such Second Priority Shared Collateral, proceeds or
payment in trust for the other Second Priority Secured Parties and promptly transfer such Second Priority Shared Collateral, proceeds or payment, as the case may be, to the Designated Second Priority Representative, to be distributed in accordance
with the provisions of Section 4.01 hereof.  
 SECTION 13.04. Automatic Release of Liens. 

If, at any time the Designated Second Priority Representative forecloses upon or otherwise exercises remedies against any Second Priority
Shared Collateral resulting in a sale or disposition thereof, then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the other Second Priority Secured Parties upon such Second Priority Shared
Collateral will automatically be released and discharged as and when, but only to the extent, such Liens of the Designated Second Priority Representative on such Second Priority Shared Collateral are released and

  
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discharged; provided that any proceeds of any Second Priority Shared Collateral realized therefrom shall be applied pursuant to Section 4.01. Each Second Priority Representative agrees to
execute and deliver (at the sole cost and expense of the Debtors) all such authorizations and other instruments as shall reasonably be requested by the Designated Second Priority Representative to evidence and confirm any release of Second Priority
Shared Collateral provided for in this Section.  
 SECTION 13.05. Gratuitous Bailee for Perfection.

 Each Second Priority Representative agrees to hold any Second Priority Collateral that can be perfected by the possession or control, in
its possession or control (or in the possession or control of its agents or bailees) as sub-agent and gratuitous bailee (such bailment being intended, among other things, to satisfy the requirements of Section 8-301(a)(2) and 9-313(c) of the Uniform Commercial Code, to the extent applicable) for the benefit of each other Second Priority Secured Party and any assignee
solely for the purpose of perfecting the security interest granted in such Second Priority Shared Collateral, if any, pursuant to the applicable Second Priority Collateral Documents, in each case, subject to the terms and conditions of this
Section 13.05; provided that the Second Priority Secured Parties agree to deliver all such Second Priority Shared Collateral that can be perfected by the possession or control to the Designated Second Priority Representative together
with any necessary endorsements (or otherwise allow the Designated Second Priority Representative to obtain control of such Second Priority Shared Collateral). The Designated Second Priority Representative agrees to hold any Second Priority Shared
Collateral that can be perfected by the possession or control, from time to time in its possession or control, as sub-agent and gratuitous bailee such bailment being intended, among other things, to satisfy
the requirements of Section 8-301(a)(2) and 9-313(c) of the Uniform Commercial Code, to the extent applicable for the benefit of each other Second Priority Secured
Party and any assignee, solely for the purpose of perfecting the security interest granted in such Second Priority Shared Collateral, if any, pursuant to the applicable Second Priority Collateral Documents, in each case, subject to the terms and
conditions of this Section 13.05 The duties or responsibilities of each Second Priority Representative under this Section 13.05 shall be limited solely to holding any Second Priority Shared Collateral as gratuitous bailee for the benefit
of each other Second Priority Secured Party for purposes of perfecting the Lien held by such Second Priority Secured Parties therein. Nothing in this Section 13.05 shall be construed to impose any fiduciary or other duty on any Designated
Second Priority Representative or any Second Priority Representative to any to any other Second Priority Secured Party or give any Second Priority Secured Party the right to direct the Designated Second Priority Representative, except that the
Designated Second Priority Representative shall be obligated to distribute proceeds of any Second Priority Shared Collateral in accordance with Sections 4.01 and 13.01. 

SECTION 13.06. Impairments. 

It is the intention of the Second Priority Secured Parties of each Series that the holders of Second Priority Debt Obligations of such Series
(and not the Second Priority Secured Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the Second Priority Debt Obligations of such Series are unenforceable under
applicable law or are subordinated to any other obligations (other than another Series of Second Priority Debt Obligations), (y) any of the Second Priority Debt Obligations of such Series do not have an enforceable security interest in any of the
Second Priority Shared Collateral securing any other Series of Second Priority Debt Obligations and/or (z) any intervening security interest exists securing any other obligations (other than another Series of Second Priority Debt Obligations)
on a basis ranking prior to the security interest of such Series of Second Priority Debt Obligations but junior to the security interest of any other Series of Second Priority Debt Obligations or (ii) the existence of any Second Priority
Collateral for any other Series of Second Priority Debt Obligations that is not Second Priority Shared Collateral (any such condition referred to in 

  
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the foregoing clauses (i) or (ii) with respect to any Series of Second Priority Debt Obligations, an “Impairment” of such Series); provided, that the existence of a maximum claim
with respect to any real property subject to a mortgage which applies to all Second Priority Debt Obligations shall not be deemed to be an Impairment of any Series of Second Priority Debt Obligations. In the event of any Impairment with respect to
any Series of Second Priority Debt Obligations, the results of such Impairment shall be borne solely by the holders of such Series of Second Priority Debt Obligations, and the rights of the holders of such Series of Second Priority Debt Obligations
(including, without limitation, the right to receive distributions in respect of such Series of Second Priority Debt Obligations pursuant to Sections 4.01 and 13.01) set forth herein shall be modified to the extent necessary so that the effects of
such Impairment are borne solely by the holders of the Series of such Second Priority Debt Obligations subject to such Impairment. Additionally, in the event the Second Priority Debt Obligations of any Series are modified pursuant to applicable law
(including, without limitation, pursuant to Section 1129 of the Bankruptcy Code), any reference to such Second Priority Debt Obligations or the Second Priority Collateral Documents governing such Second Priority Debt Obligations shall refer to
such obligations or such documents as so modified. 
 SECTION 13.07. Certain Agreements with Respect to DIP Financing in
any Insolvency or Liquidation Proceeding. 
 After the Discharge of Senior Priority Obligations has occurred, if Holdings, the Borrowers
or any other Debtor shall become subject to any Insolvency or Liquidation Proceeding and shall, as debtor(s)-in-possession, move for approval of the use of cash
collateral or of Holdings’, the Borrowers’, or any other Debtor’s obtaining DIP Financing to be provided the DIP Lenders, each Second Priority Secured Party agrees that it will raise no objection and shall be deemed to have consented
to any such financing or to the DIP Financing Liens on the Second Priority Shared Collateral securing the same or to any use of cash collateral that constitutes Second Priority Shared Collateral, unless the Designated Second Priority Representative
shall then oppose or object to such DIP Financing or such DIP Financing Liens or use of cash collateral (and (i) to the extent that such DIP Financing Liens are senior to the Liens on any such Second Priority Shared Collateral for the benefit
of the Series of Second Priority Secured Parties for which the Designated Second Priority Representative is serving as the Second Priority Representative, each other Second Priority Representative and Second Priority Secured Party will subordinate
its Liens with respect to such Second Priority Shared Collateral on the same terms as the Liens of the Series of Second Priority Secured Parties for which the Designated Second Priority Representative is serving as the Second Priority Representative
(other than any Liens of any Second Priority Secured Parties constituting DIP Financing Liens) are subordinated thereto, and (ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Second Priority
Shared Collateral granted to secure the Second Priority Debt Obligations of the Series of Second Priority Secured Parties for which the Designated Second Priority Representative is serving as the Second Priority Representative, each other Second
Priority Representative and Second Priority Secured Party will confirm the priorities with respect to such Second Priority Shared Collateral as set forth herein), in each case so long as (A) the Second Priority Secured Parties of each Series
retain the benefit of their Liens on all such Collateral pledged to the DIP Lenders, including proceeds thereof arising after the commencement of such proceeding, with the same priority
vis-à-vis all the other Second Priority Secured Parties (other than any Liens of the Second Priority Secured Parties constituting DIP Financing Liens) as existed
prior to the commencement of the Insolvency or Liquidation Proceeding, (B) the Second Priority Secured Parties of each Series are granted Liens on any additional collateral pledged to any Second Priority Secured Parties as adequate protection
or otherwise in connection with such DIP Financing or use of cash collateral, with the same priority vis-à-vis the Second Priority Secured Parties as set forth in
this Agreement (other than any Liens of the Second Priority Secured Parties constituting DIP Financing Liens), (C) if any amount of such DIP Financing or cash collateral is applied to repay any of the Second Priority Debt Obligations, such amount is
applied 

  
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pursuant to Section 13.01 of this Agreement, and (D) if any Second Priority Secured Parties are granted adequate protection, including in the form of periodic payments, in connection
with such DIP Financing or use of cash collateral, the proceeds of such adequate protection are applied pursuant to Section 13.01 of this Agreement; provided that the Second Priority Secured Parties of each Series shall have a right to
object to the grant of a Lien to secure the DIP Financing over any Collateral subject to Liens in favor of the Second Priority Secured Parties of such Series or its Second Priority Representative that shall not constitute Second Priority Shared
Collateral; and provided, further, that all Second Priority Secured Parties receiving adequate protection shall not object to (or support any other party in objecting to) any other Second Priority Secured Party receiving adequate
protection comparable to any adequate protection granted to such Second Priority Secured Parties in connection with a DIP Financing or use of cash collateral. 

ARTICLE 14 
 AGREEMENT SOLELY
AMONG THE SENIOR SUBORDINATED PRIORITY PARTIES 
 Solely as among the Senior Subordinated Priority Parties, the following provisions shall govern: 

SECTION 14.01. Priority of claims. 

(a) Anything contained herein or in any of the Senior Subordinated Priority Debt Documents to the contrary notwithstanding (but subject to
Section 14.06), if any Senior Subordinated Secured Party is taking action to enforce rights in respect of any Senior Subordinated Priority Shared Collateral, or any distribution is made in respect of any Senior Subordinated Priority Shared
Collateral in any Insolvency or Liquidation Proceeding of the Borrower or any other Debtor, or any Senior Subordinated Secured Party receives any payment pursuant to this Agreement with respect to any Senior Subordinated Priority Shared Collateral,
the proceeds of any sale, collection or other liquidation of any such Senior Subordinated Priority Shared Collateral by any Senior Subordinated Secured Party or received by any Senior Subordinated Secured Party pursuant to this Agreement with
respect to such Senior Subordinated Priority Shared Collateral and proceeds of any such distribution (subject, in the case of any such distribution, to the sentence immediately following) to which the Senior Subordinated Priority Debt Obligations
are entitled (together the “Senior Subordinated Collateral Proceeds”, shall be applied first, to the payment in full in cash of all fees, expenses and other amounts owing to the Designated Senior Subordinated Priority
Representative and each other Senior Subordinated Party Representative (in each case in its capacity as such) pursuant to the terms of any Senior Subordinated Priority Debt Document, and second, subject to Section 14.06, to the payment
in full in cash of the Senior Subordinated Priority Debt Obligations of each Series on a ratable basis to the extent that Series consists of Senior Subordinated Parties, with such proceeds to be applied to the Senior Subordinated Priority Debt
Obligations of a given Series in accordance with the terms of the applicable Senior Subordinated Priority Debt Documents. Notwithstanding the foregoing, with respect to any Senior Subordinated Priority Shared Collateral for which a third party
(other than a Senior Subordinated Secured Party) has a lien or security interest that is junior in priority to the security interest of any Series of Senior Subordinated Priority Debt Obligations but senior (as determined by appropriate legal
proceedings in the case of any dispute) to the security interest of any other Series of Senior Subordinated Priority Debt Obligations (such third party, a “Senior Subordinated Priority Intervening Creditor”), the value of any Senior
Subordinated Priority Shared Collateral or Proceeds which are allocated to such Senior Subordinated Priority Intervening Creditor shall be deducted on a ratable basis solely from the Senior Subordinated Priority Collateral or proceeds to be
distributed in respect of the Series of Senior Subordinated Priority Debt Obligations with respect to which such Impairment exists. 

  
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 (b) Notwithstanding anything contained herein or in any of the Senior Subordinated Priority
Debt Documents to the contrary (but subject to Section 14.06), if any Senior Subordinated Priority Party receives any proceeds or distributions pursuant to Section 4.01 which do not constitute Senior Subordinated Collateral Proceeds, any
such proceeds and distributions to which the Senior Subordinated Priority Debt Obligations are entitled, shall be applied first, to the payment in full in cash of all fees, expenses and other amounts owing to each Senior Subordinated Priority
Representative (in its capacity as such) pursuant to the terms of any Senior Subordinated Priority Debt Document, and second, subject to Section 14.06, to the payment in full in cash of the Senior Subordinated Priority Debt Obligations
of each Series on a ratable basis, with such proceeds to be applied to the Senior Subordinated Priority Debt Obligations of a given Series in accordance with the terms of the applicable Senior Subordinated Priority Debt Documents. 

(c) It is acknowledged that the Senior Subordinated Priority Debt Obligations of any Series may, subject to the limitations set forth in the
then extant Senior Subordinated Priority Debt Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended or modified from time to time, all without affecting the
priorities set forth in Section 14.01(a) or the provisions of this Agreement defining the relative rights of the Senior Subordinated Priority Parties of any Series. 

SECTION 14.02. Equal Priority of Liens and Prohibition on Contesting Liens. 

(a) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of Senior
Subordinated Priority Debt Obligations granted on the Senior Subordinated Priority Shared Collateral and notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law or the Senior Subordinated
Priority Debt Documents or any defect or deficiencies in any Liens securing the Senior Subordinated Priority Debt Obligations of any Series or any other circumstance whatsoever (but, in each case, subject to Section 14.06), each Senior
Subordinated Priority Party hereby agrees that any Liens securing each Series of Senior Subordinated Priority Debt Obligations on any Senior Subordinated Priority Shared Collateral shall be of equal priority. 

(b) Each of the Senior Subordinated Priority Parties agrees that it will not (and hereby waives any right to) question or contest or support
any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity, attachment or enforceability of a Lien held by or on behalf of any of the Senior Subordinated Priority
Parties in all or any part of the Senior Subordinated Priority Shared Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any Senior Subordinated Priority
Party to enforce this Agreement.  
 SECTION 14.03. Payment Over. 

Each Senior Subordinated Priority Party hereby agrees that if it shall obtain possession of any Senior Subordinated Priority Shared Collateral
or shall realize any proceeds or payment in respect of any such Senior Subordinated Priority Shared Collateral, pursuant to any Senior Subordinated Priority Collateral Document or by the exercise of any rights available to it under applicable law or
in any Insolvency or Liquidation Proceeding or through any other exercise of remedies (including pursuant to any intercreditor agreement), at any time prior to the Discharge of Senior Subordinated Priority Debt Obligations, then it shall hold such
Senior Subordinated Priority Shared Collateral, proceeds or payment in trust for the other Senior Subordinated Priority Parties and promptly transfer such Senior Subordinated Priority Shared Collateral, proceeds or payment, as the case may be, to
the Designated Senior Subordinated Priority Representative, to be distributed in accordance with the provisions of Section 4.01 hereof.  

  
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 SECTION 14.04. Automatic Release of Liens. 

If, at any time the Designated Senior Subordinated Priority Representative forecloses upon or otherwise exercises remedies against any Senior
Subordinated Priority Shared Collateral resulting in a sale or disposition thereof, then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) any Liens in favor of the other Senior Subordinated Priority Parties upon such
Senior Subordinated Priority Shared Collateral will automatically be released and discharged as and when, but only to the extent, such Liens of the Designated Senior Subordinated Priority Representative on such Senior Subordinated Priority Shared
Collateral are released and discharged; provided that any proceeds of any Senior Subordinated Priority Shared Collateral realized therefrom shall be applied pursuant to Section 4.01. Each Senior Subordinated Priority Representative agrees to
execute and deliver (at the sole cost and expense of the Debtors) all such authorizations and other instruments as shall reasonably be requested by the Designated Senior Subordinated Priority Representative to evidence and confirm any release of
Senior Subordinated Priority Shared Collateral provided for in this Section. 
 SECTION 14.05. Gratuitous Bailee for
Perfection. 
 Each Senior Subordinated Priority Representative agrees to hold any Senior Subordinated Priority Collateral that can be
perfected by the possession or control, in its possession or control (or in the possession or control of its agents or bailees) as sub-agent and gratuitous bailee (such bailment being intended, among other
things, to satisfy the requirements of Section 8-301(a)(2) and 9-313(c) of the Uniform Commercial Code, to the extent applicable) for the benefit of each other
Senior Subordinated Priority Party and any assignee solely for the purpose of perfecting the security interest granted in such Senior Subordinated Priority Shared Collateral, if any, pursuant to the applicable Senior Subordinated Priority Collateral
Documents, in each case, subject to the terms and conditions of this Section 14.05; provided that the Senior Subordinated Priority Parties agree to deliver all such Senior Subordinated Priority Shared Collateral that can be perfected by
the possession or control to the Designated Senior Subordinated Priority Representative together with any necessary endorsements (or otherwise allow the Designated Senior Subordinated Priority Representative to obtain control of such Senior
Subordinated Priority Shared Collateral). The Designated Senior Subordinated Priority Representative agrees to hold any Senior Subordinated Priority Shared Collateral that can be perfected by the possession or control, from time to time in its
possession or control, as sub-agent and gratuitous bailee such bailment being intended, among other things, to satisfy the requirements of Section 8-301(a)(2) and 9-313(c) of the Uniform Commercial Code, to the extent applicable for the benefit of each other Senior Subordinated Priority Party and any assignee, solely for the purpose of perfecting the security interest granted
in such Senior Subordinated Priority Shared Collateral, if any, pursuant to the applicable Senior Subordinated Priority Collateral Documents, in each case, subject to the terms and conditions of this Section 14.05. The duties or
responsibilities of each Senior Subordinated Priority Representative under this Section 14.05 shall be limited solely to holding any Senior Subordinated Priority Shared Collateral as gratuitous bailee for the benefit of each other Senior
Subordinated Priority Party for purposes of perfecting the Lien held by such Senior Subordinated Priority Parties therein. Nothing in this Section 14.05 shall be construed to impose any fiduciary or other duty on any Designated Senior
Subordinated Priority Representative or any Senior Subordinated Priority Representative to any to any other Senior Subordinated Priority Party or give any Senior Subordinated Priority Party the right to direct the Designated Senior Subordinated
Priority Representative, except that the Designated Senior Subordinated Priority Representative shall be obligated to distribute proceeds of any Senior Subordinated Priority Shared Collateral in accordance with Sections 4.01 and 14.01. 

  
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 SECTION 14.06. Impairments. 

It is the intention of the Senior Subordinated Priority Parties of each Series that the holders of Senior Subordinated Priority Debt
Obligations of such Series (and not the Senior Subordinated Priority Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the Senior Subordinated Priority Debt Obligations
of such Series are unenforceable under applicable law or are subordinated to any other obligations (other than another Series of Senior Subordinated Priority Debt Obligations), (y) any of the Senior Subordinated Priority Debt Obligations of such
Series do not have an enforceable security interest in any of the Senior Subordinated Priority Shared Collateral securing any other Series of Senior Subordinated Priority Debt Obligations and/or (z) any intervening security interest exists
securing any other obligations (other than another Series of Senior Subordinated Priority Debt Obligations) on a basis ranking prior to the security interest of such Series of Senior Subordinated Priority Debt Obligations but junior to the security
interest of any other Series of Senior Subordinated Priority Debt Obligations or (ii) the existence of any Senior Subordinated Priority Collateral for any other Series of Senior Subordinated Priority Debt Obligations that is not Senior
Subordinated Priority Shared Collateral (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of Senior Subordinated Priority Debt Obligations, an “Impairment” of such Series); provided, that
the existence of a maximum claim with respect to any real property subject to a mortgage which applies to all Senior Subordinated Priority Debt Obligations shall not be deemed to be an Impairment of any Series of Senior Subordinated Priority Debt
Obligations. In the event of any Impairment with respect to any Series of Senior Subordinated Priority Debt Obligations, the results of such Impairment shall be borne solely by the holders of such Series of Senior Subordinated Priority Debt
Obligations, and the rights of the holders of such Series of Senior Subordinated Priority Debt Obligations (including, without limitation, the right to receive distributions in respect of such Series of Senior Subordinated Priority Debt Obligations
pursuant to Sections 4.01 and 14.01) set forth herein shall be modified to the extent necessary so that the effects of such Impairment are borne solely by the holders of the Series of such Senior Subordinated Priority Debt Obligations subject to
such Impairment. Additionally, in the event the Senior Subordinated Priority Debt Obligations of any Series are modified pursuant to applicable law (including, without limitation, pursuant to Section 1129 of the Bankruptcy Code), any reference
to such Senior Subordinated Priority Debt Obligations or the Senior Subordinated Priority Collateral Documents governing such Senior Subordinated Priority Debt Obligations shall refer to such obligations or such documents as so modified. 

SECTION 14.07. Certain Agreements with Respect to DIP Financing in any Insolvency or Liquidation Proceeding. 

After the Discharge of Senior Priority Obligations and the Discharge of Second Priority Debt Obligations has occurred, if Holdings, the
Borrowers or any other Debtor shall become subject to any Insolvency or Liquidation Proceeding and shall, as debtor(s)-in-possession, move for approval of the use of
cash collateral or of Holdings’, the Borrowers’, or any other Debtor’s obtaining DIP Financing to be provided the DIP Lenders, each Senior Subordinated Priority Party agrees that it will raise no objection and shall be deemed to have
consented to any such financing or to the DIP Financing Liens on the Senior Subordinated Priority Shared Collateral securing the same or to any use of cash collateral that constitutes Senior Subordinated Priority Shared Collateral, unless the
Designated Senior Subordinated Priority Representative shall then oppose or object to such DIP Financing or such DIP Financing Liens or use of cash collateral (and (i) to the extent that such DIP Financing Liens are senior to the Liens on any
such Senior Subordinated Priority Shared Collateral for the benefit of the Series of Senior Subordinated Priority Parties for which the Designated Senior Subordinated Priority Representative is serving as the Senior Subordinated Priority
Representative, each other Senior Subordinated Priority Representative and Senior Subordinated Priority Party will subordinate its Liens with respect to such Senior Subordinated 

  
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Priority Shared Collateral on the same terms as the Liens of the Series of Senior Subordinated Priority Parties for which the Designated Senior Subordinated Priority Representative is serving as
the Senior Subordinated Priority Representative (other than any Liens of any Senior Subordinated Priority Parties constituting DIP Financing Liens) are subordinated thereto, and (ii) to the extent that such DIP Financing Liens rank pari
passu with the Liens on any such Senior Subordinated Priority Shared Collateral granted to secure the Senior Subordinated Priority Debt Obligations of the Series of Senior Subordinated Priority Parties for which the Designated Senior
Subordinated Priority Representative is serving as the Senior Subordinated Priority Representative, each other Senior Subordinated Priority Representative and Senior Subordinated Priority Party will confirm the priorities with respect to such Senior
Subordinated Priority Shared Collateral as set forth herein), in each case so long as (A) the Senior Subordinated Priority Parties of each Series retain the benefit of their Liens on all such Collateral pledged to the DIP Lenders, including
proceeds thereof arising after the commencement of such proceeding, with the same priority vis-à-vis all the other Senior Subordinated Priority Parties (other
than any Liens of the Senior Subordinated Priority Parties constituting DIP Financing Liens) as existed prior to the commencement of the Insolvency or Liquidation Proceeding, (B) the Senior Subordinated Priority Parties of each Series are
granted Liens on any additional collateral pledged to any Senior Subordinated Priority Parties as adequate protection or otherwise in connection with such DIP Financing or use of cash collateral, with the same priority
vis-à-vis the Senior Subordinated Priority Parties as set forth in this Agreement (other than any Liens of the Senior Subordinated Priority Parties constituting
DIP Financing Liens), (C) if any amount of such DIP Financing or cash collateral is applied to repay any of the Senior Subordinated Priority Debt Obligations, such amount is applied pursuant to Section 14.01 of this Agreement, and (D) if
any Senior Subordinated Priority Parties are granted adequate protection, including in the form of periodic payments, in connection with such DIP Financing or use of cash collateral, the proceeds of such adequate protection are applied pursuant to
Section 14.01 of this Agreement; provided that the Senior Subordinated Priority Parties of each Series shall have a right to object to the grant of a Lien to secure the DIP Financing over any Collateral subject to Liens in favor of the
Senior Subordinated Priority Parties of such Series or its Senior Subordinated Priority Representative that shall not constitute Senior Subordinated Priority Shared Collateral; and provided, further, that all Senior Subordinated
Priority Parties receiving adequate protection shall not object to (or support any other party in objecting to) any other Senior Subordinated Priority Party receiving adequate protection comparable to any adequate protection granted to such Senior
Subordinated Priority Parties in connection with a DIP Financing or use of cash collateral. 
 ARTICLE 15 

MISCELLANEOUS 

SECTION 15.01. Conflicts. 

In the event of any conflict between the provisions of this Agreement and the provisions of any Senior Priority Debt Document,
any Non-Senior Priority Debt Document, and Intra-Group Document or any Honeywell Indemnity Document, the provisions of this Agreement shall govern. 

SECTION 15.02. Continuing Nature of This Agreement; Severability. 

Subject to Section 6.04, this Agreement shall continue to be effective until (x) the Discharge of Senior Priority Obligations,
(y) the Discharge of Second Priority Debt Obligations and (z) the Discharge of Senior Subordinated Priority Debt Obligations shall have occurred. This is a continuing agreement of Lien subordination, and the Senior Priority Secured Parties
may continue, at any time and without notice to any Non-Senior Priority Party, to extend credit and other financial accommodations and lend monies to 

  
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or for the benefit of Holdings, a Borrower or any Subsidiary constituting Senior Priority Obligations in reliance hereon. The terms of this Agreement shall survive and continue in full force and
effect in any Insolvency or Liquidation Proceeding. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic
effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 15.03.
Amendments; Waivers. 
 (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any
other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party
therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or
demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 

(b) This Agreement may be amended in writing signed by: (i) each Representative; (ii) to the extent any amendment materially and
adversely affects the interests of a Secured Hedge Counterparty or a Cash Management Provider solely in its capacity as such, such party; and (iii) in respect of any amendment to Section 4.01, Section 5.01 or this Section 15.03
which materially and adversely affects the interests of the Honeywell Indemnitee, the Honeywell Indemnitee with written notice to Holdings; provided that any such amendment, supplement or waiver which by the terms of this Agreement requires
the Borrowers’ consent or which increases the obligations or reduces the rights of Holdings, the Borrowers or any Debtor, shall require the consent of the Borrowers. Any such amendment, supplement or waiver shall be in writing and shall be
binding upon the Creditors and their respective successors and assigns. 
 (c) Notwithstanding the foregoing, without the consent of any
Creditor, any Representative may become a party hereto by execution and delivery of a Joinder Agreement in accordance with Section 15.09 of this Agreement and, upon such execution and delivery, such Representative and the Creditors and
Liabilities of the Debt Facility for which such Representative is acting shall be subject to the terms hereof. 
 SECTION
15.04. Information Concerning Financial Condition of Holdings, the Borrowers and the Subsidiaries. 
 The Senior Priority
Representatives, the Senior Priority Secured Parties and the Non-Senior Priority Parties shall each be responsible for keeping themselves informed of (a) the financial condition of Holdings, the Borrowers
and the Subsidiaries and all endorsers or guarantors of the Senior Priority Obligations or the Non-Senior Priority Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the
Senior Priority Obligations or the Non-Senior Priority Obligations. The Senior Priority Representatives, the Senior Priority Secured Parties and the Non-Senior Priority
Parties shall have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that any Senior Priority Representative, any Senior Priority Secured
Party or any Non-Senior Priority Party, in its sole discretion, undertakes at 

  
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any time or from time to time to provide any such information to any other party, it shall be under no obligation to (i) make, and the Senior Priority Representatives, the Senior Priority
Secured Parties and the Non-Senior Priority Parties shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness,
truthfulness or validity of any such information so provided, (ii) provide any additional information or to provide any such information on any subsequent occasion, (iii) undertake any investigation or (iv) disclose any information
that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential. 

SECTION 15.05. Subrogation. 

(a) Each Non-Senior Priority Party hereby agrees not to assert any rights of subrogation it may acquire
as a result of any payment hereunder until Discharge of Senior Priority Obligations has occurred. 
 (b) Without prejudice to paragraph
(a) above, each Senior Subordinated Priority Party, agrees not to assert any rights of subrogation it may acquire as a result of any payment hereunder until Discharge of Second Priority Debt Obligations has occurred. 

SECTION 15.06. Application of Payments. 

Except as otherwise provided herein, all payments received by the Senior Priority Secured Parties may be applied, reversed and reapplied, in
whole or in part, to such part of the Senior Priority Obligations as the Senior Priority Secured Parties, in their sole discretion, deem appropriate, consistent with the terms of the Senior Priority Debt Documents. Except as otherwise provided
herein, each Non-Senior Priority Representative assents to any such extension or postponement of the time of payment of the Senior Priority Obligations or any part thereof and to any other indulgence with
respect thereto, to any substitution, exchange or release of any security that may at any time secure any part of the Senior Priority Obligations and to the addition or release of any other Person primarily or secondarily liable therefor. 

SECTION 15.07. Change of Grantors and Debtors. 

Holdings and the Borrowers agree that, if any Subsidiary shall become a Grantor after the date hereof, unless otherwise agreed by the
Applicable Designated Representative (acting reasonably) they will promptly cause such Subsidiary to become party hereto by executing and delivering an instrument in the form of Annex I (with such amendments as may be required to ensure that
becoming party hereto would not cause such Grantor to breach any applicable law or present a material risk of liability for Holdings or any of its Restricted Subsidiaries and/or its officers or directors, or give rise to a material risk of breach of
fiduciary or statutory duties). Upon such execution and delivery, such Subsidiary will become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of such instrument shall not
require the consent of any other party hereunder, and will be acknowledged by the Applicable Designated Representative. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any
new Grantor as a party to this Agreement. 
 Holdings and the Borrowers agree that, if any Subsidiary shall (a) incur any Liabilities
or (b) give any Lien, guarantee, indemnity or other assurance against loss in respect of any of the Liabilities, unless otherwise agreed by the Applicable Designated Representative (acting reasonably) they will promptly cause such Subsidiary to
become party hereto by executing and delivering an instrument in the form of Annex I (with such amendments as may be required to ensure that becoming party hereto would not cause 

  
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such Debtor to breach any applicable law or present a material risk of liability for Holdings or any of its Restricted Subsidiaries and/or its officers or directors, or give rise to a material
risk of breach of fiduciary or statutory duties). Upon such execution and delivery, such Subsidiary will become a Debtor hereunder with the same force and effect as if originally named as a Debtor herein. The execution and delivery of such
instrument shall not require the consent of any other party hereunder, and will be acknowledged by the Applicable Designated Representative. The rights and obligations of each Debtor hereunder shall remain in full force and effect notwithstanding
the addition of any new Debtor as a party to this Agreement. 
 Notwithstanding the foregoing, any Subsidiary or parent entity of Holdings
may execute and deliver this Agreement on the Closing Date or may execute and deliver a supplement to this Agreement in the form of Annex I hereto prior to such Subsidiary or parent entity’s requirement under any Debt
Document to become a party hereto, provided that such Subsidiary and/or parent entity shall not have the benefit of the rights or be subject to the obligations under this Agreement until such time as the conditions requiring such Subsidiary
or parent entity are required to become party hereto whether by entry into one or more Debt Documents, Collateral Documents or otherwise have been met; provided, further, that upon the satisfaction of such condition, Holdings shall
give notice to each then extant Representative written notice of such satisfaction. 
 Holdings may request that a Debtor ceases to be a
Debtor by delivering to each Representative a Debtor Resignation Request. The Representatives shall accept a Debtor Resignation Request and notify Holdings and each other Party of its acceptance if: (a) Holdings has confirmed that no event of
default under any Debt Facility is continuing or would result from the effectiveness of the Debtor Resignation Request; (b) to the extent that the Discharge of Senior Priority Obligations has not occurred, (i) the Senior Priority
Representative(s) notifies the Designated Senior Priority Representative that that Debtor is not, or has ceased to be, a “Borrower” (under and as defined in the Senior Secured Credit Agreement or any equivalent under any other Senior
Priority Debt Documents) or a “Guarantor” (under and as defined in the Senior Secured Credit Agreement or any equivalent under any other Senior Priority Debt Documents) and (ii) each Secured Hedge Counterparty notifies the Designated
Senior Priority Representative that that Debtor is under no actual or contingent obligations to that Secured Hedge Counterparty in respect of the Secured Hedge Obligations; (c) to the extent that the Discharge of Second Priority Debt
Obligations has not occurred, the Second Priority Representative(s) notifies the Designated Second Priority Representative that the Debtor is not, or has ceased to be, a borrower (under any Second Priority Debt Documents) or a guarantor (under any
Second Priority Debt Documents); (d) to the extent that the Discharge of Senior Subordinated Priority Debt Obligations has not occurred, the Senior Subordinated Priority Representative(s) notifies the Designated Senior Subordinated Priority
Representative that the Debtor is not, or has ceased to be, an “Issuer” (under and as defined in the Senior Subordinated Notes Indenture or any equivalent under any other Senior Subordinated Priority Debt Documents) or a
“Guarantor” (under and as defined in the Senior Subordinated Notes Indenture or any equivalent under any other Senior Subordinated Priority Debt Documents); and (e) Holdings confirms that that Debtor is under no actual or contingent
obligations in respect of the Intra-Group Indebtedness. Each Representative required to give a notification pursuant to the foregoing sentence shall, promptly following receipt of a Debtor Resignation Request (and provided the relevant conditions
above have been met), give such notification to the Applicable Designated Representatives and each Applicable Designated Representative shall, following receipt of notification from the relevant Representatives, promptly give notification to
Holdings of the acceptance of the resignation of such Debtor. Upon notification by each Applicable Designated Representative to Holdings of its acceptance of the resignation of a Debtor, that member of the Group shall cease to be a Debtor and shall
have no further rights or obligations under this Agreement as a Debtor. 

  
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 SECTION 15.08. Dealings with Debtors. 

Upon any application or demand by Holdings, the Borrowers or any other Debtor to any Representative to take or permit any action under any of
the provisions of this Agreement or under any Collateral Document (if such action is subject to the provisions hereof), Holdings, the Borrowers or such other Debtor, as appropriate, shall furnish to such Representative a certificate of an authorized
officer (an “Officer’s Certificate”) stating that all conditions precedent, if any, provided for in this Agreement or such Collateral Document, as the case may be, relating to the proposed action have been complied with, except
that in the case of any such application or demand as to which the furnishing of such documents is specifically required by any provision of this Agreement or any Collateral Document relating to such particular application or demand, no additional
certificate or opinion need be furnished. 

  
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 SECTION 15.09. Additional Debt Facilities 

(a) To the extent, but only to the extent, permitted by the provisions of the then extant Senior Priority Debt Documents and any Non-Senior Priority Debt Documents, the Borrowers, Holdings or any other Debtor may incur or issue and sell (and the Guarantors may guarantee) one or more series or classes of Second Priority Debt, one or more
series or classes of Additional Senior Priority Debt and one or more series or classes of Additional Senior Subordinated Priority Debt. Any such additional class or series of Second Priority Debt (the “Second Priority
Class Debt”) may be secured by a Lien on Collateral (a) on a junior basis to the liens securing Senior Priority Obligations and (b) a senior basis to the liens (if any) securing any Senior Subordinated Priority
Debt Obligations, in each case under and pursuant to the relevant Second Priority Collateral Documents for such Second Priority Class Debt, if, to the extent required under the provisions of any then extant Senior Priority Debt Documents or Non-Senior Priority Debt Documents, the Representative of any such Second Priority Class Debt (each, a “Second Priority Class Debt Representative”), acting on behalf of the
holders of such Second Priority Class Debt (such Representative and holders in respect of any Second Priority Class Debt being referred to as the “Second Priority Class Debt Parties”), becomes a party to
this Agreement by satisfying conditions (i) through (iii), as applicable, of the immediately succeeding paragraph, and Section 15.09(b). Any such additional class or series of Additional Senior Priority Debt (the “Senior Priority
Class Debt”) may be secured by a senior Lien on Collateral, in each case under and pursuant to the Senior Priority Collateral Documents, if, to the extent required under the provisions of any then extant Senior Priority
Debt Documents or Non-Senior Priority Debt Documents, the Representative of any such Senior Priority Class Debt (each, a “Senior Priority Class Debt Representative”),
acting on behalf of the holders of such Senior Priority Class Debt (such Representative and holders in respect of any such Senior Priority Class Debt being referred to as the “Senior Priority Class Debt
Parties”) becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iii), as applicable, of the immediately succeeding paragraph, and Section 15.09(b). Any such additional class or series of
Additional Senior Subordinated Priority Debt (the “Senior Subordinated Priority Class Debt”; and the Senior Priority Class Debt, the Second Priority Class Debt and the Senior Subordinated Priority
Class Debt, collectively, the “Class Debt”) may (A) be secured by a Lien on Collateral on a junior basis to the Liens securing any Senior Priority Obligations and any Second Priority Debt Obligations
under and pursuant to the Senior Subordinated Priority Collateral Documents, or (B) may be unsecured, in each case, if, to the extent required under the provisions of any then extant Senior Priority Debt Documents or Non-Senior Priority Debt Documents, the Representative of any such Senior Subordinated Priority Class Debt (each, a “Senior Subordinated Priority Class Debt Representative”;
and the Senior Priority Class Debt Representatives, the Second Priority Class Debt Representatives and the Senior Subordinated Priority Class Debt Representatives, collectively, the “Class Debt
Representatives”), acting on behalf of the holders of such Senior Subordinated Priority Class Debt (such Representative and holders in respect of any such Senior Subordinated Priority Class Debt being referred to as the
“Senior Subordinated Priority Class Debt Parties”; and the Senior Priority Class Debt Parties, the Second Priority Class Debt Parties, and the Senior Subordinated Priority Class Debt Parties,
collectively, the “Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses (i) through (iii), as applicable, of the immediately succeeding paragraph, and
Section 15.09(b). In order for a Class Debt Representative to become a party to this Agreement: 

  
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 (i) such Class Debt Representative shall have executed and delivered to
the Designated Senior Priority Representative and the Designated Second Priority Representative (if any) and the Designated Senior Subordinated Priority Representative a Joinder Agreement substantially in the form of Annex II (if such
Representative is a Second Priority Class Debt Representative) or Annex III (if such Representative is a Senior Priority Class Debt Representative) or Annex IV (if such Representative is
a Senior Subordinated Priority Class Debt Representative) (with such changes as may be reasonably approved by the Applicable Designated Representative and such Class Debt Representative) pursuant to which it becomes a Representative
hereunder, and the Class Debt in respect of which such Class Debt Representative is the Representative and the related Class Debt Parties become subject hereto and bound hereby; 

(ii) the Borrowers shall have delivered, in each case, if any, to the Designated Senior Priority Representative, the Designated
Second Priority Representative and the Designated Senior Subordinated Priority Representative an Officer’s Certificate stating that the conditions set forth in this Section 15.09 are satisfied with respect to such Class Debt and, if
requested, true and complete copies of each of the Non-Senior Priority Debt Documents or Senior Priority Debt Documents, as applicable, relating to such Class Debt, certified as being true and correct by
an Authorized Officer of the Borrowers and identifying the obligations to be designated as Additional Senior Priority Debt, Second Priority Debt or Additional Senior Subordinated Priority Debt, as applicable, and certifying that such obligations
(I) are permitted to be incurred and secured, in the case of Additional Senior Priority Debt, on a basis senior in priority to the Non-Senior Priority Obligations and equal priority (but without regard to
control of remedies) with the Senior Priority Obligations under each of the Senior Priority Debt Documents and the Non-Senior Priority Debt Documents, (II) are permitted to be incurred and secured, in the
case of Second Priority Debt, on a basis junior in priority to the Senior Priority Obligations, senior in priority to the Senior Subordinated Priority Debt Obligations and equal priority (but without regard to control of remedies) with Second
Priority Debt Obligations under each of the Non-Senior Priority Debt Documents and the Senior Priority Debt Documents and (III) are permitted to be incurred and (if applicable) secured, in the case of
Additional Senior Subordinated Priority Debt, on a basis junior in priority to the Senior Priority Obligations and the Second Priority Debt Obligations and equal priority (but without regard to control of remedies) with Senior Subordinated Priority
Debt Obligations under each of the Non-Senior Priority Debt Documents and the Senior Priority Debt Documents ; and 

(iii) the Non-Senior Priority Debt Documents or Senior Priority Debt Documents, as
applicable, relating to such Class Debt shall provide, or shall be amended on terms and conditions reasonably approved by the Applicable Designated Representative and such Class Debt Representative, that each Class Debt Party with
respect to such Class Debt will be subject to and bound by the provisions of this Agreement in its capacity as a holder of such Class Debt. 

(b) With respect to any Class Debt that is issued or incurred after the Closing Date, the Borrowers, each of the other Debtors and each
Representative agrees to take such actions (if any) as may from time to time reasonably be required, and enter into such technical amendments, modifications and/or supplements to this Agreement, the then existing Guarantees and Collateral Documents
(or execute and deliver such additional Collateral Documents) as may from time to time be reasonably required, in each case, to ensure that the Class Debt is secured by, and entitled to the benefits of, the relevant Collateral Documents
relating to such Class Debt, and each Secured Party (by its acceptance of the benefits hereof) hereby agrees to, and authorizes the Designated Senior Priority Representative and the Designated Second Priority Representative and the Designated
Senior Subordinated Priority Representative, as the case may be, to enter into, any such technical amendments, modifications and/or supplements (and additional Collateral Documents). 

  
 100 

 SECTION 15.10. Consent to Jurisdiction; Waivers. 

Each Representative, on behalf of itself and the Secured Parties or other Creditors of the Debt Facility or other Debt Document(s) for which
it is acting, each of the Debtors and each Intra-Group Lenders irrevocably and unconditionally: 
 (a) submits for itself and its property in
any legal action or proceeding relating to this Agreement, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York in the County of New York, the courts of
the United States of America for the Southern District of New York in the County of New York, and appellate courts from any thereof; 
 (b)
consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Representative) at the address referred to in Section 15.11; 

(d) agrees that nothing herein shall affect the right of any other party hereto (or any Secured Party or the HY Proceeds Loan Creditor) to
effect service of process in any other manner permitted by law; and 
 (e) waives, to the maximum extent not prohibited by law, any right it
may have to claim or recover in any legal action or proceeding referred to in this Section 15.10 any special, exemplary, punitive or consequential damages. 

SECTION 15.11. Notices. 

All notices, requests, demands and other communications provided for or permitted hereunder shall be in writing and shall be sent: 

(i) if to Holdings, a Borrower or any Debtor, to the Swiss Borrower, at its address at: c/o Honeywell Technologies Sàrl,
Z.A. La Pièce 16, 1180 Rolle, Switzerland, Attention: Cyril Grandjean (Cyril.Grandjean@Honeywell.com), Brendan O’Connor (Brendan.OConnor@honeywell.com). 

(ii) if to the Senior Secured Administrative Agent, to it at: JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 500
Staton Christiana Rd, NCC 5, 1st Floor, Newark, DE    19713-2107, Attention: Ali.Zigami@chase.com; copy: Lauren.Mayer@jpmorgan.com; Fax Number:
302-634-4733 No.: , Email: European.loan.operations@jpmorgan.com, with a copy to JPMorgan Chase Bank, N.A., 383 Madison Avenue, Floor 24, New York, New York 10179,
Attention: Allison Sellers (allison.sellers@jpmorgan.com). 
 (iii) if to the Senior Secured Collateral Agent, to it at:
JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 500 Staton Christiana Rd, NCC 5, 1st Floor, Newark, DE    19713-2107, Attention: Ali.Zigami@chase.com; copy: Lauren.Mayer@jpmorgan.com; Fax Number: 302-634-4733 No.: , Email: European.loan.operations@jpmorgan.com, with a copy to JPMorgan Chase Bank, N.A., 383 Madison Avenue, Floor 24, New York, New York 10179, Attention:
Allison Sellers (allison.sellers@jpmorgan.com). 

  
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 (iv) if to the Senior Subordinated Notes Trustee, to it at: Winchester
House, 1 Great Winchester Street, London EC2N 2DB, United Kingdom, attention: Trust & Securities Services, Global Debt Services and facsimile: +44 207 547 6149, e-mail:
tss-gds.eur@db.com 
 (v) Honeywell, to it at: Honeywell International Inc., 115
Tabor Road, Morris Plains, NJ 07950 (Attention: Senior Vice President and General Counsel) with a copy of any such notice to: 
 Cleary
Gottlieb Steen & Hamilton LLP 
 One Liberty Plaza 

New York, NY 10006 

Attention: Craig B. Brod 

                 Kimberly R. Spoerri 

Fax:          (212) 225-3999 

Email:        cbrod@cgsh.com 

                  kspoerri@cgsh.com 

and: 
 Paul, Weiss, Rifkind,
Wharton & Garrison LLP 
 1285 Avenue of the Americas 

New York, NY 10019-6064 

Attention: Scott A. Barshay 

                  Steven J. Williams 

Fax:            
 212-492-0040 
 Email:          sbarshay@paulweiss.com 

                    
swilliams@paulweiss.com 
 and 

McDermott, Will & Emery LLP 

340 Madison Avenue 

New York, NY 10173 

Attention: Peter J. Sacripanti 

Fax:          
212-547-5444 

Email:      psacripanti@mwe.com 

(vi) if to any Intra-Group Lender, to it as specified in the Intra-Group Lender Joinder Agreement delivered by it pursuant to
Section 15.26; and 
 (vii) and if to any other Representative, to it at the address specified by it in the Joinder
Agreement delivered by it pursuant to Section 15.09. 
 Unless otherwise specifically provided herein, all notices and other
communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service or sent by fax or on the date five Business Days
after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 15.11 or in accordance with the 

  
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latest unrevoked direction from such party given in accordance with this Section 15.11. As agreed to among Holdings, the Borrowers, the Senior Secured Administrative Agent and the applicable
Lenders from time to time, notices and other communications may also be delivered by e-mail to the email address of a representative of the applicable Person provided from time to time by such Person. 

For reasons of technical practicality, electronic communication may be sent in unencrypted form even if the content may be subject to
confidentiality and banking secrecy. 
 SECTION 15.12. Further Assurances. 

Each Senior Priority Representative, on behalf of itself and each Senior Priority Secured Party under the Senior Priority Debt Facility for
which it is acting, each Non-Senior Priority Representative, the Honeywell Indemnitee, and each Intra-Group Lender agrees that it will take such further action and shall execute and deliver such additional
documents and instruments (in recordable form, if requested) as the other parties hereto may reasonably request to effectuate the terms of, and the Lien priorities contemplated by, this Agreement. 

SECTION 15.13. Governing Law; Waiver of Jury Trial. 

THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

(a) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT
AND FOR ANY COUNTERCLAIM THEREIN. 
 SECTION 15.14. Binding on Successors and Assigns. 

This Agreement shall be binding upon the Senior Priority Representatives, the Senior Priority Secured Parties, the Non-Senior Priority Parties, Holdings, the Borrowers, the other Debtors party hereto and their respective successors and assigns. 

SECTION 15.15. Section Titles. 

The section titles contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a
part of this Agreement. 
 SECTION 15.16. Counterparts. 

This Agreement may be executed in one or more counterparts, including by means of facsimile or other electronic method, each of which shall be
an original and all of which shall together constitute one and the same document. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed
counterpart of this Agreement. 

  
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 SECTION 15.17. Authorization. 

By its signature, each Person executing this Agreement on behalf of a party hereto represents and warrants to the other parties hereto that it
is duly authorized to execute this Agreement. The Senior Secured Administrative Agent represents and warrants that this Agreement is binding upon the Senior Secured Credit Agreement Secured Parties. By accepting the benefits of this Agreement
afforded thereto and/or to the Senior Subordinated Notes Trustee and/or the Senior Subordinated Collateral Agent, each Senior Subordinated Notes Secured Party is deemed to have represented and warranted that this Agreement is binding upon such
Senior Subordinated Notes Secured Party. Honeywell represents and warrants that this Agreement is binding upon the Payee (under and as defined in the Honeywell Indemnity Agreement). 

SECTION 15.18. No Third-Party Beneficiaries; Successors and Assigns. 

The lien priorities set forth in this Agreement and the rights and benefits hereunder in respect of such lien priorities shall inure solely to
the benefit of the Senior Priority Representatives, the Senior Priority Secured Parties, the Non-Senior Priority Parties, and their respective permitted successors and assigns, and no other Person (including
the Debtors, or any trustee, receiver, debtor in possession or bankruptcy estate in a bankruptcy or like proceeding) shall have or be entitled to assert such rights. 

SECTION 15.19. Effectiveness. 

This Agreement shall become effective when executed and delivered by the parties hereto. 

SECTION 15.20. Senior Secured Administrative Agents and Representatives. It is understood and agreed that (a) the
Senior Secured Administrative Agent is entering into this Agreement in its capacity as administrative agent under the Senior Secured Credit Agreement and the provisions of Article VIII of the Senior Secured Credit Agreement applicable to the
Administrative Agent in its capacity as administrative agent thereunder shall also apply to the Senior Secured Administrative Agent hereunder, (b) the Senior Secured Collateral Agent is entering into this Agreement in its capacity as collateral
agent under the Senior Secured Credit Agreement and the provisions of Article VIII of the Senior Secured Credit Agreement applicable to the Administrative Agent in its capacity as collateral agent thereunder shall also apply to the Senior Secured
Collateral Agent hereunder and (c) each other Representative party hereto is entering into this Agreement in its capacity as trustee or agent for the secured parties referenced in the applicable Additional Senior Priority Debt Document or Non-Senior Priority Debt Document (as applicable) and the corresponding exculpatory and liability-limiting provisions of such agreement applicable to such Representative thereunder shall also apply to such
Representative hereunder. 
 SECTION 15.21. Relative Rights. 

Notwithstanding anything in this Agreement to the contrary (except to the extent contemplated by Section 5.01(a), 5.01(d) or 5.03(b)),
nothing in this Agreement is intended to or will (a) amend, waive or otherwise modify the provisions of the Senior Secured Credit Agreement, any other Senior Priority Debt Document or any Non-Senior
Priority Debt Documents, or permit Holdings, the Borrowers or any other Debtor to take any action, or fail to take any action, to the extent such action or failure would otherwise constitute a breach of, or default under, the Senior Secured Credit
Agreement or any other Senior Priority Debt Document or any Non-Senior Priority Debt Documents, (b) change the relative priorities of the Senior Priority Obligations or the Liens granted under the Senior
Priority Collateral Documents on the Collateral (or any other assets) as among the Senior Priority Secured Parties, (c) otherwise change the relative rights of the Senior Priority Secured Parties in respect of the Collateral as among such
Senior Priority Secured Parties or (d) obligate Holdings, the Borrowers or any other Debtor to take any action, or fail to take any action, that would otherwise constitute a breach of, or default under, the Senior Secured Credit Agreement or
any other Senior Priority Debt Document or any Non-Senior Priority Debt Document. 

  
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 SECTION 15.22. Foreign Collateral. 

For the avoidance of doubt, notwithstanding that Liens granted to the Secured Parties on the Collateral governed by the laws of a jurisdiction
located outside of the United States of America (the “Foreign Collateral”) may (A) have legally the same or differing ranking due to mandatory legal provisions governing such Foreign Collateral or (B) have been perfected
in an order contrary to the contemplated ranking as set out in this Agreement, the contractual ranking of the Liens on such Foreign Collateral shall be consistent with the ranking set forth in Sections 2.01 and 2.02, and all the other terms and
provisions of this Agreement with respect to Collateral shall be applicable to such Foreign Collateral. 
 SECTION 15.23.
Survival of Agreement 
 All covenants, agreements, representations and warranties made by any party in this Agreement shall be
considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 

SECTION 15.24. Additional Agreements with respect to Designated Representatives. Each Senior Priority Representative
and each Senior Priority Secured Party agrees: 
 (a) The Designated Senior Priority Representative will not have any fiduciary duties nor
will it have responsibilities or obligations other than those expressly assumed by it in this Agreement and the other Senior Priority Debt Documents. The Designated Senior Priority Representative will not be required to take any action that is
contrary to applicable laws or any provision of this Agreement or the other Senior Priority Debt Documents. 
 (b) The Designated Senior
Priority Representative may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents, attorneys, accountants, appraisers or other experts or advisors selected by it in good faith as it may
reasonably require and will not be responsible for any misconduct or negligence on the part of any of them. 
 (c) The Designated Senior
Priority Representative will not otherwise be bound by, or be held obligated by, the provisions of any credit agreement, indenture or other agreement governing Senior Priority Obligations (other than this Agreement and the other Senior Priority Debt
Documents to which it is a party). 
 (d) The Designated Senior Priority Representative may at any time solicit written instructions from the
Majority Senior Priority Secured Parties as to any action that it may be requested or required to take, or that it may propose to take, in the performance of any of its rights or obligations under this Agreement or the other Senior Priority Debt
Documents. No written direction given to the Designated Senior Priority Representative that in the sole judgment of the Designated Senior Priority Representative imposes, is inconsistent with other written direction it has received or purports to
impose or could reasonably be expected to impose upon the Designated Senior Priority Representative any obligation or liability not set forth in or arising under this Agreement and the other Senior Priority Debt Documents will be binding upon the
Designated Senior Priority Representative unless the Designated Senior Priority Representative elects, at its sole option, to accept such direction. So long as the Discharge of Senior Priority Obligations has not occurred, the Designated Senior
Priority Representative shall not be obligated to take instructions from any Persons other than the Majority Senior Priority Secured Parties. The Designated Senior Priority Representative shall have no duty to take any discretionary action or
exercise any discretionary powers, except discretionary rights and powers that it is requested to exercise in writing by the Majority Senior Priority Secured Parties. The Designated Senior Priority Representative shall not be required to take any
action that in its opinion, or in the opinion of its counsel, may expose the Designated Senior Priority Representative to any liability or that is contrary to any Senior Priority Debt Document or any applicable Laws. 

  
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 (e) The Designated Senior Priority Representative will not be responsible or liable to any
Creditor for any action taken or omitted to be taken by it hereunder or under any other Senior Priority Debt Document, except for its own gross negligence or willful misconduct as determined by a final and
non-appealable judgment of a court of competent jurisdiction. 
 (f) The Designated Senior Priority
Representative may seek and rely upon, and shall be fully protected in relying upon, any judicial order or judgment, upon any advice, opinion or statement of legal counsel, independent consultants and other experts selected by it in good faith and
upon any certification, instruction, notice or other writing delivered to it by any member of the Group in compliance with the provisions of this Agreement or delivered to it by any Senior Priority Party for whom it acts, without being required to
determine the authenticity thereof or the correctness of any fact stated therein or the propriety or validity of service thereof. The Designated Senior Priority Representative may act in reliance upon any instrument comporting with the provisions of
this Agreement or any signature reasonably believed by it to be genuine and may assume that any Person purporting to give notice or receipt or advice or make any statement or execute any document in connection with the provisions hereof or the other
Senior Priority Debt Documents has been duly authorized to do so. To the extent an officers’ certificate or opinion of counsel is required or permitted under this Agreement to be delivered to the Designated Senior Priority Representative in
respect of any matter, the Designated Senior Priority Representative may rely conclusively on the officers’ certificate or opinion of counsel as to such matter and such officers’ certificate or opinion of counsel shall be full warranty and
protection to the Designated Senior Priority Representative for any action taken, suffered or omitted by it under the provisions of this Agreement and the other Senior Priority Debt Documents. 

(g) The Designated Senior Priority Representative will not be required to inquire as to the occurrence or absence of any Event of Default (or
like term) as defined in any Debt Document, and will not be affected by or required to act upon any notice or knowledge as to the occurrence of any such Event of Default unless and until it is directed to do so by the Majority Senior Priority
Secured Parties. 
 (h) As to any matter not expressly provided for by this Agreement or the other Senior Priority Debt Documents, the
Designated Senior Priority Representative will act or refrain from acting as directed and will be fully protected if it does so, and any action taken, suffered or omitted pursuant to hereto or thereto shall be binding on the Creditors. 

(i) The Designated Senior Priority Representative will not be required to advance or expend any funds or otherwise incur any financial
liability in the performance of its duties or the exercise of its powers or rights hereunder unless it has been provided with security or indemnity reasonably satisfactory to it against any and all liability or expense which may be incurred by it by
reason of taking or continuing to take such action. 
 (j) In the event there is any bona fide, good faith disagreement between the other
parties to this Agreement or any of the Collateral Documents resulting in adverse claims being made in connection with Collateral held by the Designated Senior Priority Representative and the terms of this Agreement or any of the Collateral
Documents do not unambiguously mandate the action the Designated Senior Priority Representative is to take or not to take in connection therewith under the circumstances then existing, or the Designated Senior Priority Representative is in doubt as
to what action it is required to take or not to take hereunder or under the Collateral Documents, it will be entitled to refrain from taking any action (and will incur no liability for doing so) until directed otherwise in writing by a request
signed jointly by the parties hereto entitled to give such direction or by order of a court of competent jurisdiction. 

  
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 (k) Notwithstanding anything to the contrary contained herein: (i) each of the parties
thereto will remain liable under each of the Senior Priority Debt Documents (other than this Agreement) to the extent set forth therein to perform all of their respective duties and obligations thereunder to the same extent as if this Agreement had
not been executed, (ii) the exercise by the Designated Senior Priority Representative of any of its rights, remedies or powers hereunder will not release such parties from any of their respective duties or obligations under the other Senior
Priority Debt Documents; and (iii) the Designated Senior Priority Representative will not be obligated to perform any of the obligations or duties of any of the parties thereunder other than those of the Designated Senior Priority
Representative in its capacity as Senior Priority Representative under the relevant Senior Priority Debt Document. 
 (l) The Designated
Second Priority Representative and the Designated Senior Subordinated Priority Representative shall each have all of the rights and benefits provided to the Designated Senior Priority Representative under Section 15.24 mutatis mutandis.
Each Non-Senior Priority Party hereby acknowledges and agrees to this Section 15.24(l). 

SECTION 15.25. Notes Trustee Turnover Obligations. 

Notwithstanding any provision in this Agreement to the contrary, each Notes Trustee shall only have an obligation to turn over or repay
amounts received or recovered under this Agreement by it (i) if it had actual knowledge that the receipt or recovery is an amount received in breach of a provision of this Agreement (a “Turnover Receipt”) and (ii) to the
extent that, prior to receiving that knowledge, it has not distributed the amount of the Turnover Receipt to the Creditors that are represented by the relevant Notes Trustee in accordance with the provisions of the relevant Debt Documents. For the
purpose of this Section 15.25, (i) “actual knowledge” of a Notes Trustee shall be construed to mean the relevant Notes Trustee shall not be charged with knowledge (actual or otherwise) of the existence of facts that would impose an
obligation on it to make any payment or prohibit it from making any payment unless a responsible officer of the relevant Notes Trustee has received, not less than two Business Days’ prior to the date of such payment, a written notice that such
payments are required or prohibited by this Agreement; and (ii) “responsible officer” when used in relation to a Notes Trustee means any person who is an officer within the corporate trust and agency department of that Notes Trustee,
including any director, associate director, vice president, assistance vice president, senior associate, assistant treasurer, trust officer, or any other officer of that Notes Trustee who customarily performs functions similar to those performed by
such officers, or to whom any corporate trust matter is referred because of such individual’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Agreement. 

SECTION 15.26. Intra-Group Lender Joinder Agreement. 

(a) Any Person may accede to this Agreement as an Intra-Group Lender by executing and delivering an Intra-Group Lender Joinder Agreement. 

(b) Upon such execution and delivery of an Intra-Group Lender Joinder Agreement as contemplated in clause (a) above, such entity will
become an Intra-Group Lender hereunder with the same force and effect as if originally named as an Intra-Group Lender herein. The execution and delivery of such instrument shall not require the consent of any other party hereunder, and will be
acknowledged by the Applicable Designated Representative. 

  
 107 

 (c) In the event that a Person party to this Agreement as an Intra-Group Lender is no longer
required to party to this Agreement, that Person may resign (and will resign if required by Holdings) as an Intra-Group Lender, by giving notice to the Applicable Designated Representative and Holdings. From the date of receipt by the Applicable
Designated Representative and Holdings of any such notice of resignation, that Person shall cease to be a party to this Agreement as an Intra-Group Lender, and shall have no further rights or obligations under this Agreement as an Intra-Group
Lender. 
 SECTION 15.27. Honeywell Indemnitee Joinder Agreement 

(a) Any Person which is a successor or transferee of any Honeywell Indemnitee under the Honeywell Indemnity Agreement shall accede to this
Agreement as a Honeywell Indemnitee by executing and delivering a Honeywell Indemnitee Joinder Agreement. 
 (b) Upon such execution and
delivery of a Honeywell Indemnitee Joinder Agreement as contemplated in clause (a) above, such entity will become a Honeywell Indemnitee hereunder with the same force and effect as if originally named as a Honeywell Indemnitee herein. The
execution and delivery of such instrument shall not require the consent of any other party hereunder, and will be acknowledged by the Applicable Designated Representative. 

(c) In the event that a Person party to this Agreement as a Honeywell Indemnitee is no longer required to be party to this Agreement, that
Person may resign as a Honeywell Indemnitee by giving notice to the Applicable Designated Representative and Holdings. From the date of receipt by the Applicable Designated Representative and Holdings of any such notice of resignation, that Person
shall cease to be a party to this Agreement as a Honeywell Indemnitee, and shall have no further rights or obligations under this Agreement as a Honeywell Indemnitee. 

SECTION 15.28. Secured Hedge Counterparty Joinder Agreement 

(a) Any Person may accede to this Agreement as a Secured Hedge Counterparty by executing and delivering a Secured Hedge Counterparty Joinder
Agreement. 
 (b) Upon such execution and delivery of a Secured Hedge Counterparty Joinder Agreement as contemplated in clause
(a) above, such entity will become a Secured Hedge Counterparty hereunder with the same force and effect as if originally named as a Secured Hedge Counterparty herein. The execution and delivery of such instrument shall not require the consent
of any other party hereunder, and will be acknowledged by the Applicable Designated Representative. 
 (c) In the event that a Person party
to this Agreement as a Secured Hedge Counterparty is no longer required to be party to this Agreement, that Person may resign as a Secured Hedge Counterparty, by giving notice to the Applicable Designated Representative and Holdings. From the date
of receipt by the Applicable Designated Representative and Holdings of any such notice of resignation, that Person shall cease to be a party to this Agreement as a Secured Hedge Counterparty, and shall have no further rights or obligations under
this Agreement as a Secured Hedge Counterparty. 
 SECTION 15.29. Cash Management Provider Joinder Agreement 

(a) Any Person may accede to this Agreement as a Cash Management Provider by executing and delivering a Cash Management Provider Joinder
Agreement. 
 (b) Upon such execution and delivery of a Cash Management Provider Joinder Agreement as contemplated in clause (a) above,
such entity will become a Cash Management Provider hereunder with the same force and effect as if originally named as a Cash Management Provider herein. The execution and delivery of such instrument shall not require the consent of any other party
hereunder, and will be acknowledged by the Applicable Designated Representative. 

  
 108 

 (c) In the event that a Person party to this Agreement as a Cash Management Provider is no
longer required to be party to this Agreement, that Person may resign as a Cash Management Provider, by giving notice to the Applicable Designated Representative and Holdings. From the date of receipt by the Applicable Designated Representative and
Holdings of any such notice of resignation, that Person shall cease to be a party to this Agreement as a Cash Management Provider, and shall have no further rights or obligations under this Agreement as a Cash Management Provider. 

SECTION 15.30. Appointment of Senior Secured Collateral Agent. 

In relation the Senior Priority Collateral Documents governed by the laws of Switzerland (the “Swiss Collateral Documents”)
(i) the Senior Secured Collateral Agent holds any security created or evidenced or expressed to be created or evidenced under or pursuant to a Swiss Collateral Document by way of a security assignment (Sicherungsabtretung) or transfer for
security purposes (Sicherungsübereignung) or any other non-accessory (nicht akzessorische) security; the benefit of this Section 3.07; and any proceeds and other benefits
of such Senior Priority Collateral, as fiduciary (treuhänderisch) in its own name but for the account of all relevant Senior Priority Secured Parties which have the benefit of such security in accordance with this Agreement
and the respective Swiss Collateral Document; (ii) each present and future Senior Priority Secured Party hereby authorizes the Senior Secured Collateral Agent to (A) accept and execute as its direct representative (direkter
Stellvertreter) any Swiss law pledge or any other Swiss law accessory (akzessorische) security created or evidenced or expressed to be created or evidenced under or pursuant to a Swiss Collateral Document for the benefit of such Senior
Priority Secured Party and hold, administer and, if necessary, enforce any such Senior Priority Collateral on behalf of each relevant Senior Priority Secured Party which has the benefit of such Senior Priority Collateral; (B) agree as its
direct representative (direkter Stellvertreter) to amendments and alterations to any Swiss Collateral Document which creates or evidences or expressed to create or evidence a pledge or any other Swiss law accessory (akzessorische)
security; (C) effect as its direct representative (direkter Stellvertreter) any release of a Senior Priority Collateral created or evidenced or expressed to be created or evidenced under a Swiss Collateral Document in accordance with
this Agreement; and (D) exercise as its direct representative (direkter Stellvertreter) such other rights granted to the Senior Secured Collateral Agent hereunder or under the relevant Swiss Collateral Document. 

SECTION 15.31. Administrator Appointed to Australian Grantor.  

For the avoidance of doubt, if: 
 (a) an
administrator (other than an administrator appointed by the Senior Priority Representative) has been appointed under the Corporations Act to a Grantor incorporated in Australia; and 

(b) the Senior Priority Representative is entitled under section 441A of the Corporations Act to enforce a Senior Priority Collateral Document
over that Grantor’s property within the “decision period” (as defined in the Corporations Act ) provided for under that section, 

then: 

  
 109 

 (c) the Senior Priority Representative may (without any further instructions) enforce that
Senior Priority Collateral Document in accordance with the Senior Priority Debt Documents but need not do so (and is not liable to the Senior Priority Secured Parties if it does not do so). 

SECTION 15.32. Appointment of the Designated Senior Priority Representative and the Designated Second Priority
Representative (Italy). 
 (a) Each Senior Priority Secured Party acknowledges and agrees that the Designated Senior Priority
Representative shall act as its agent (mandatario con rappresentanza pursuant to articles 1703, 1704 et seq. of the Italian Civil Code) and may enter in its name and on its behalf into contractual arrangements pursuant to or in connection with the
Debt Documents to which the Designated Senior Priority Representative is also a party (in its capacity as Designated Senior Priority Representative or otherwise). Accordingly, in light of the above, each Senior Priority Secured Party hereof appoints
the Designated Senior Priority Representative as “mandatario con rappresentanza” pursuant to articles 1703, 1704 et seq. of the Italian Civil Code to act as their collateral agent under and in connection with the Italian law Debt Documents
in order to perfect, hold and release (including, without limitations, exercise all rights, remedies and/or powers of the Senior Priority Secured Parties thereunder) the security interests governed by Italian law granted by any party to secure the
obligations of any party under any debenture as well as to release and cancel such security interests and connected obligations, being the same Designated Senior Priority Representative expressly authorized to act in the name and on behalf of the
Senior Priority Secured Parties in connection with the aforesaid documents (including any deed for the release, in whole or in part, of the security interests governed by Italian law) pursuant to, and in case of occurrence of the events described
in, articles 1394 (Conflitto di interessi – Conflict of interest) and 1395 (Contratto con se stesso – Contract with oneself) of the Italian Civil Code. Each assignee of a Senior Priority Secured Parties shall be deemed to have confirmed
and ratified the aforesaid constitution of the Designated Senior Priority Representative under Italian law by way of its accession to this Agreement. 

(b) Each Second Priority Secured Party acknowledges and agrees that the Designated Second Priority Representative shall act as its agent
(mandatario con rappresentanza pursuant to articles 1703, 1704 et seq.) and may enter in its name and on its behalf into contractual arrangements pursuant to or in connection with the Debt Documents to which the Designated Second Priority
Representative is also a party (in its capacity as Designated Second Priority Representative or otherwise). Accordingly, in light of the above, each Second Priority Secured Party hereof appoints the Designated Second Priority Representative as
“mandatario con rappresentanza” pursuant to articles 1703, 1704 et seq. of the Italian Civil Code to act as their collateral agent under and in connection with the Italian law Debt Documents and the Second Priority Collateral in order to
perfect, hold and release (including, without limitations, exercise all rights, remedies and/or powers of the Second Priority Secured Parties thereunder) the security interests governed by Italian law granted by any party to secure the obligations
of any party under any debenture as well as to release and cancel such security interests and connected obligations, being the same Designated Second Priority Representative expressly authorized to act in the name and on behalf of the Second
Priority Secured Parties in connection with the aforesaid documents (including any deed for the release, in whole or in part, of the security interests governed by Italian law) pursuant to, and in case of occurrence of the events described in,
articles 1394 (Conflitto di interessi – Conflict of interest) and 1395 (Contratto con se stesso – Contract with oneself) of the Italian Civil Code. Each assignee of a Second Priority Secured Parties shall be deemed to have confirmed and
ratified the aforesaid constitution of the Designated Second Priority Representative under Italian law by way of its accession to this Agreement. 

  
 110 

 SECTION 15.33. Senior Subordinated Notes Trustee’s and
Senior Subordinated Collateral Agent’s rights  
 (a) The parties to this Agreement agree and acknowledge that
all protections, indemnities (including any currency indemnity), disclaimers and limitations of liability applicable to the Senior Subordinated Notes Trustee as set out in the Indenture shall apply mutatis mutandis as if set out in full
herein. Without affecting any priority of claims set forth in this Agreement, in the event of any inconsistency between the provisions contained herein and the Indenture in relation to such protections, indemnities (including any currency
indemnity), disclaimers and limitations of liability, those provisions which are more beneficial to the Senior Subordinated Notes Trustee shall prevail. 

(b) The parties to this Agreement agree and acknowledge that all protections, indemnities (including any currency indemnity), disclaimers and
limitations of liability applicable to the Senior Subordinated Collateral Agent as set out in the Senior Subordinated Priority Collateral Documents shall apply mutatis mutandis as if set out in full herein. Without affecting any priority of
claims set forth in this Agreement, in the event of any inconsistency between the provisions contained herein and the Senior Subordinated Priority Collateral Documents in relation to such protections, indemnities (including any currency indemnity),
disclaimers and limitations of liability, those provisions which are more beneficial to the Senior Subordinated Collateral Agent shall prevail. 

SECTION 15.34. Acknowledgement and Consent to Bail-In of EEA Financial
Institutions.  
 Notwithstanding anything to the contrary in any Debt Document or in any other agreement, arrangement or
understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Debt Document may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees
and consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an EEA
Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(b) the effects of any Bail-In Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability
under this Agreement or any Debt Document; or 
 (iii) the variation of the terms of such liability in connection with the
exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 

  
 111 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

			
	JPMORGAN CHASE BANK, N.A., as
	Senior Secured Administrative Agent
		
	By:	 	 /s/ Gene Riego de Dios

		 	Name: Gene Riego de Dios
		 	Title: Executive Director
	
	JPMORGAN CHASE BANK, N.A., as Senior Secured Collateral Agent,
		
	By:	 	 /s/ Gene Riego de Dios

		 	Name: Gene Riego de Dios
		 	Title: Executive Director
	
	DEUTSCHE TRUSTEE COMPANY LIMITED, as Senior Subordinated Notes Trustee,
		
	By:	 	 /s/ Robert Bebb

		 	Name: Robert Bebb
		 	Title: Associate Director
		
	By:	 	 /s/ David Contino

		 	Name: David Contino
		 	Title: Associate Director
	
	DEUTSCHE BANK AG, LONDON BRANCH, as Senior Subordinated Collateral Agent,
		
	By:	 	 /s/ Robert Bebb

		 	Name: Robert Bebb
		 	Title: Director
		
	By:	 	 /s/ David Contino

		 	Name: David Contino
		 	Title: Associate Director
	
	GARRETT MOTION INC., as Holdings
		
	By:	 	 /s/ Su Ping Lu

		 	Name: Su Ping Lu
		 	Title: President

  
 112 

 
			
	GARRETT LX I S.À R.L., as the Lux Notes Issuer
		
	By:	 	 /s/ Su Ping Lu

		 	Name: Su Ping Lu
		 	Title: Class A Manager and Authorized President
	
	GARRETT LX II S.à r.l., as LuxCo 2
		
	By:	 	 /s/ Su Ping Lu

		 	Name: Su Ping Lu
		 	Title: Class A Manager and Authorised Signatory
	
	HONEYWELL TECHNOLOGIES S.à r.l., as the Swiss Borrower
		
	By:	 	 /s/ Herwig Vanbeneden

		 	Name: Herwig Vanbeneden
		 	Title: Managing Director

 
			
	
	GARRETT LX III S.à r.l., as the Lux Borrower
	
	 /s/ Su Ping Lu

	Name: Su Ping Lu

 
	
	 Title: Class A Manager and Authorised Signatory

  
 113 

 
	
	GARRETT BORROWING LLC, as the US Co-Borrower and US Co-Notes Issuer
	
	 /s/ Su Ping Lu

	Name: Su Ping Lu
	Title: Manager

 
	
	
	 GARRETT TRANSPORTATION SYSTEMS LTD
 GARRETT
TRANSPORTATION SYSTEMS UK III LTD
 GARRETT TS LT
 GARRETT
LTD

	
	 /s/ Su Ping Lu

	Name: Su Ping Lu
	Title: Director
	
	 GARRETT ASASCO INC.
 GARRETT MOTION HOLDINGS
INC.

	
	 /s/ Su Ping Lu

	 Name: Su Ping Lu
 Title: President

  
 114 

 
	
	GARRETT TRANSPORTATION I INC.
	
	 /s/ Su Ping Lu

	Name: Su Ping Lu
	Title: Vice President
	
	 BRH LLC
 By: GARRETT TRANSPORTATION I INC., its
Sole Member

	
	 /s/ Su Ping Lu

	Name: Su Ping Lu
	Title: Vice President
	
	GARRETT MOTION LLC.
	
	 /s/ Su Ping Lu

	Name: Su Ping Lu
	Title: Vice President
	
	FRICTION MATERIALS LLC .
	
	 /s/ Su Ping Lu

	Name: Su Ping Lu
	Title: Vice President
	
	GARRETT TRANSPORTATION I INC.
	
	 /s/ Su Ping Lu

	Name: Su Ping Lu
	Title: Vice President

  
 115 

 
			
	HYMATIC AEROSPACE LIMITED
		
	By:	 	 /s/ Kevin Mogg

		 	Name: Kevin Mogg
		 	Title: Director

  

	
	THE HYMATIC GROUP LIMITED
	
	 /s/ Jonathan Michael Turner

	Name: Jonathan Michael Turner
	Title: Director

  

			
	 MESL HOLDINGS LIMITED
 MESL
MICROWAVE LIMITED

	
	 /s/ John Cain Little

	Name: John Cain Little
	Title: Director

 
			
	
	HYMATIC INDUSTRIAL PRODUCTS LIMITED
		
	By:	 	 /s/ Asad Ali

		 	Name: Asad Ali
		 	Title: Director

  
 116 

 
			
	GARRETT HOLDING COMPANY S.à r.l.
		
	By:	 	 /s/ Herwig Vanbeneden

		 	Name: Herwig Vanbeneden
		 	Title: Managing Director

  

			
	NEW HONEYWELL SWITZERLAND HOLDINGS S.à r.l
		
	By:	 	 /s/ Claudia Schön

		 	Name: Claudia Schön
		 	Title: Managing Director

  

	
	Honeywell ASASCO 2 Inc., as Honeywell Indemnitee
	
	 /s/ Su Ping Lu

	Name: Su Ping Lu
	Title: President

  
 117 

 ANNEX I 

[FORM OF] SUPPLEMENT NO. [    ] dated as of
[                ], 20[    ] to the INTERCREDITOR AGREEMENT dated as of September 27, 2018 (the “Intercreditor Agreement”),
among Garrett Transportation Systems, Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the
Grand Duchy of Luxembourg (the “Lux Notes Issuer”), Garrett LX II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (
“LuxCo 2”), Garrett LX III S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Lux Borrower”), Honeywell
Technologies Sàrl, a Swiss limited liability company (société à responsabilité limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its
capacity as US co-borrower (the “US Co-Borrower”) and as a co-issuer of the Notes (“US Co-Notes Issuer”) (US Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other [Grantors][Debtors] party
thereto, JPMCB or any successor thereof, as Senior Priority Representative, Senior Secured Administrative Agent and Senior Secured Collateral Agent, Deutsche Trustee Company Limited or any successor thereto, as Senior Subordinated Notes Trustee,
Deutsche Bank AG, London Branch or any successor thereto, as Senior Subordinated Collateral Agent, Honeywell ASASCO 2, Inc., as Honeywell Indemnitee, Intra-Group Lenders and the other Representatives from time to time a party thereto. 

A. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. The [Grantors][Debtors] have entered into the Intercreditor Agreement. Pursuant to the Senior Secured Credit Agreement,
certain Additional Senior Priority Debt Documents and certain Second Priority Debt Documents, certain newly acquired or organized Subsidiaries of the Borrowers are required to enter into the Intercreditor Agreement. Section 15.07 of the
Intercreditor Agreement provides that such Subsidiaries may become party to the Intercreditor Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New
[Grantor][Debtor]”) is executing this Supplement in accordance with the requirements of the Debt Documents. 
 Accordingly, the
Designated Senior Priority Representative and the New [Grantor][Debtor] agree as follows: 
 SECTION 1. In accordance with Section 15.07
of the Intercreditor Agreement, the New [Grantor][Debtor] by its signature below becomes a [Grantor][Debtor] under the Intercreditor Agreement with the same force and effect as if originally named therein as a [Grantor][Debtor], and the New
[Grantor][Debtor]hereby agrees to all the terms and provisions of the Intercreditor Agreement applicable to it as a [Grantor][Debtor]thereunder. Each reference to a “[Grantor][Debtor]” in the Intercreditor Agreement shall be deemed to
include the New [Grantor][Debtor]. The Intercreditor Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New
[Grantor][Debtor]represents and warrants to the Designated Senior Priority Representative and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding
obligation, enforceable against it in accordance with its terms. 
 SECTION 3. This Supplement may be executed in counterparts, each of
which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Designated Senior Priority Representative shall have received a counterpart of this
Supplement that bears the signature of the New [Grantor][Debtor]. Delivery of an executed signature page to this Supplement by facsimile transmission or other electronic method shall be as effective as delivery of a manually signed counterpart of
this Supplement. 

  
 1 

 SECTION 4. Except as expressly supplemented hereby, the Intercreditor Agreement shall remain
in full force and effect. 
 SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK. 
 SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or
unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions
contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7. All
communications and notices hereunder shall be in writing and given as provided in Section 15.11 of the Intercreditor Agreement. All communications and notices hereunder to the New [Grantor][Debtor]shall be given to it in care of Holdings as
specified in the Intercreditor Agreement. 
 SECTION 8. The Borrowers agree to reimburse the Designated Senior Priority Representative for
its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated
Senior Priority Representative. 
 IN WITNESS WHEREOF, the New [Grantor][Debtor], and the Designated Senior Priority Representative have
duly executed this Supplement to the Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW [GRANTOR][DEBTOR]]
		
	By:	 	  

		 	Name:
		 	Title:

 Acknowledged by: 

[                ], as Designated Senior Priority Representative, 

By:                         
                                         
    
       Name: 

      Title: 

  
 2 

 ANNEX II 

[FORM OF] REPRESENTATIVE SUPPLEMENT NO. [    ] dated as of
[                ], 20[    ] to the INTERCREDITOR AGREEMENT dated as of September 27, 2018 (the “Intercreditor Agreement”),
among Garrett Transportation Systems, Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the
Grand Duchy of Luxembourg (the “Lux Notes Issuer”), Garrett LX II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (
“LuxCo 2”), Garrett LX III S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Lux Borrower”), [•], a
Swiss limited liability company (société à responsabilité limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its capacity as US co-borrower (the “US Co-Borrower”) and as a co-issuer of the Notes (“US
Co-Notes Issuer”) (US Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other Grantors party
thereto, JPMCB or any successor thereof, as Senior Priority Representative, Senior Secured Administrative Agent and Senior Secured Collateral Agent, Deutsche Trustee Company Limited or any successor thereto, as Senior Subordinated Notes Trustee,
Deutsche Bank AG, London Branch or any successor thereto, as Senior Subordinated Collateral Agent, Honeywell ASASCO 2, Inc., as Honeywell Indemnitee, Intra-Group Lenders and the other Representatives from time to time a party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. Section 15.09 of the Intercreditor Agreement provides that a Second Priority Class Debt Representative may become
a Representative under, and such Second Priority Class Debt and such Second Priority Class Debt Parties may become subject to and bound by, the Intercreditor Agreement, pursuant to the execution and delivery by the Second Priority
Class Debt Representative of an instrument in the form of this Representative Supplement and the satisfaction of the other conditions set forth in Section 15.09 of the Intercreditor Agreement. The undersigned Second Priority
Class Debt Representative (the “New Representative”) is executing this Supplement in accordance with the requirements of the Debt Documents. 

Accordingly, the Designated Senior Priority Representative and the New Representative agree as follows: 

SECTION 1. In accordance with Section 15.09 of the Intercreditor Agreement, the New Representative by its signature below becomes a
Representative under, and the related Second Priority Class Debt and Second Priority Class Debt Parties become subject to and bound by, the Intercreditor Agreement with the same force and effect as if the New Representative had originally
been named therein as a Representative, and the New Representative, on behalf of itself and such Second Priority Class Debt Parties, hereby agrees to all the terms and provisions of the Intercreditor Agreement applicable to it as a Second
Priority Representative and to the Second Priority Class Debt Parties that it represents as Second Priority Secured Parties. Each reference to a “Representative” or “Second Priority Representative” in the
Intercreditor Agreement shall be deemed to include the New Representative. The Intercreditor Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Representative represents and warrants to the Designated Senior Priority Representative and the other Secured Parties that
(i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee], (ii) this Representative Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid
and binding obligation, 

  
 1 

 
enforceable against it in accordance with the terms of such Agreement and (iii) the Second Priority Debt Documents relating to such Second Priority Class Debt provide that, upon the New
Representative’s entry into this Agreement, the Second Priority Class Debt Parties in respect of such Second Priority Class Debt will be subject to and bound by the provisions of the Intercreditor Agreement as Second Priority Secured
Parties. 
 SECTION 3. This Representative Supplement may be executed in counterparts, each of which shall constitute an original, but all
of which when taken together shall constitute a single contract. This Representative Supplement shall become effective when the Designated Senior Priority Representative shall have received a counterpart of this Representative Supplement that bears
the signature of the New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission or other electronic method shall be effective as delivery of a manually signed counterpart of this
Representative Supplement. 
 SECTION 4. Except as expressly supplemented hereby, the Intercreditor Agreement shall remain in full force and
effect. 
 SECTION 5. THIS REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 SECTION 6. In case any one or more of the provisions contained in this Representative Supplement should be held invalid,
illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining
provisions contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION
7. All communications and notices hereunder shall be in writing and given as provided in Section 15.11 of the Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set
forth below its signature hereto. 
 SECTION 8. The Borrowers agree to reimburse the Designated Senior Priority Representative for its
reasonable out-of-pocket expenses in connection with this Representative Supplement, including the reasonable fees, other charges and disbursements of counsel for the
Designated Senior Priority Representative. 
 IN WITNESS WHEREOF, the New Representative and the Designated Senior Priority Representative
have duly executed this Representative Supplement to the Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW REPRESENTATIVE, as [            ] for the holders of
[            ],

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 2 

 
	
	Address for notices:
	
	  

	
	attention of:
	  

	
	Telecopy:
	  

	
	 [             ],

as Designated Senior Priority Representative,

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Acknowledged by:
	
	[                     ]
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:
	
	THE GRANTORS
	LISTED ON SCHEDULE I HERETO
		
	By:	 	  

		 	Name:
		 	Title:

  
 3 

 ANNEX III 

[FORM OF] REPRESENTATIVE SUPPLEMENT NO. [    ] dated as of
[                ], 20[    ] to the INTERCREDITOR AGREEMENT dated as of September 27, 2018 (the “Intercreditor Agreement”),
among Garrett Transportation Systems, Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the
Grand Duchy of Luxembourg (the “Lux Notes Issuer”), Garrett LX II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (
“LuxCo 2”), Garrett LX III S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Lux Borrower”), Honeywell
Technologies Sàrl, a Swiss limited liability company (société à responsabilité limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its
capacity as US co-borrower (the “US Co-Borrower”) and as a co-issuer of the Notes (“US Co-Notes Issuer”) (US Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other Grantors party thereto,
JPMCB or any successor thereof, as Senior Priority Representative, Senior Secured Administrative Agent and Senior Secured Collateral Agent, Deutsche Trustee Company Limited or any successor thereto, as Senior Subordinated Notes Trustee, Deutsche
Bank AG, London Branch or any successor thereto, as Senior Subordinated Collateral Agent, Honeywell ASASCO 2, Inc., as Honeywell Indemnitee, Intra-Group Lenders and the other Representatives from time to time a party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. Section 15.09 of the Intercreditor Agreement provides that a Senior Priority Class Debt Representative may become
a Representative under, and such Senior Priority Class Debt and such Senior Priority Class Debt Parties may become subject to and bound by, the Intercreditor Agreement, pursuant to the execution and delivery by the Senior Priority
Class Debt Representative of an instrument in the form of this Representative Supplement and the satisfaction of the other conditions set forth in Section 15.09 of the Intercreditor Agreement. The undersigned Senior Priority
Class Debt Representative (the “New Representative”) is executing this Supplement in accordance with the requirements of the Debt Documents. 

Accordingly, the Designated Senior Priority Representative and the New Representative agree as follows: 

SECTION 1. In accordance with Section 15.09 of the Intercreditor Agreement, the New Representative by its signature below becomes a
Representative under, and the related Senior Priority Class Debt and Senior Priority Class Debt Parties become subject to and bound by, the Intercreditor Agreement with the same force and effect as if the New Representative had originally
been named therein as a Representative, and the New Representative, on behalf of itself and such Senior Priority Class Debt Parties, hereby agrees to all the terms and provisions of the Intercreditor Agreement applicable to it as a Senior
Priority Representative and to the Senior Priority Class Debt Parties that it represents as Senior Priority Secured Parties. Each reference to a “Representative” or “Senior Priority Representative” in the
Intercreditor Agreement shall be deemed to include the New Representative. The Intercreditor Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Representative represents and warrants to the Designated Senior Priority Representative and the other Secured Parties that
(i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee], (ii) this Representative Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid
and binding obligation, 

  
 1 

 
enforceable against it in accordance with the terms of such Agreement and (iii) the Senior Priority Debt Documents relating to such Senior Priority Class Debt provide that, upon the New
Representative’s entry into this Agreement, the Senior Priority Class Debt Parties in respect of such Senior Priority Class Debt will be subject to and bound by the provisions of the Intercreditor Agreement as Senior Priority Secured
Parties. 
 SECTION 3. This Representative Supplement may be executed in counterparts, each of which shall constitute an original, but all
of which when taken together shall constitute a single contract. This Representative Supplement shall become effective when the Designated Senior Priority Representative shall have received a counterpart of this Representative Supplement that bears
the signature of the New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission or other electronic method shall be effective as delivery of a manually signed counterpart of this
Representative Supplement. 
 SECTION 4. Except as expressly supplemented hereby, the Intercreditor Agreement shall remain in full force and
effect. 
 SECTION 5. THIS REPRESENTATIVE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 SECTION 6. In case any one or more of the provisions contained in this Representative Supplement should be held invalid,
illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining
provisions contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION
7. All communications and notices hereunder shall be in writing and given as provided in Section 15.11 of the Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set
forth below its signature hereto. 
 SECTION 8. The Borrowers agree to reimburse the Designated Senior Priority Representative for its
reasonable out-of-pocket expenses in connection with this Representative Supplement, including the reasonable fees, other charges and disbursements of counsel for the
Designated Senior Priority Representative. 
 IN WITNESS WHEREOF, the New Representative and the Designated Senior Priority Representative
have duly executed this Representative Supplement to the Intercreditor Agreement as of the day and year first above written. 
  

			
	NAME OF NEW REPRESENTATIVE,
	as [             ] for the holders of [            
],

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 2 

 
	
	Address for notices:
	
	attention of:
	  

	
	Telecopy:
	  

	
	 [                 ],

as Designated Senior Priority Representative,

 
			
		
	By:	 	
                 

		 	Name:
		 	Title:

  

			
	Acknowledged by:
	
	[                 ]
		
	By:	 	
                     
    

		 	Name:
		 	Title:
		
	By:	 	
                     
        

		 	Name:
		 	Title:
	
	THE GRANTORS
	        LISTED ON SCHEDULE I HERETO
		
	By:	 	
                     

		 	Name:
		 	Title:

  
 3 

 ANNEX IV 

[FORM OF] REPRESENTATIVE SUPPLEMENT NO. [    ] dated as of
[                ], 20[    ] to the INTERCREDITOR AGREEMENT dated as of September 27, 2018 (the “Intercreditor Agreement”),
among Garrett Transportation Systems, Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the
Grand Duchy of Luxembourg (the “Lux Notes Issuer”), Garrett LX II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (
“LuxCo 2”), Garrett LX III S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Lux Borrower”), Honeywell
Technologies Sàrl, a Swiss limited liability company (société à responsabilité limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its
capacity as US co-borrower (the “US Co-Borrower”) and as a co-issuer of the Notes (“US Co-Notes Issuer”) (US Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other Grantors party thereto,
JPMCB or any successor thereof, as Senior Priority Representative, Senior Secured Administrative Agent and Senior Secured Collateral Agent, Deutsche Trustee Company Limited or any successor thereto, as Senior Subordinated Notes Trustee, Deutsche
Bank AG, London Branch or any successor thereto, as Senior Subordinated Collateral Agent, Honeywell ASASCO 2, Inc., as Honeywell Indemnitee, Intra-Group Lenders and the other Representatives from time to time a party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. Section 15.09 of the Intercreditor Agreement provides that a Senior Subordinated Priority Class Debt
Representative may become a Representative under, and such Senior Subordinated Priority Class Debt and such Senior Subordinated Priority Class Debt Parties may become subject to and bound by, the Intercreditor Agreement, pursuant to the
execution and delivery by the Senior Subordinated Priority Class Debt Representative of an instrument in the form of this Representative Supplement and the satisfaction of the other conditions set forth in Section 15.09 of the
Intercreditor Agreement. The undersigned Senior Subordinated Priority Class Debt Representative (the “New Representative”) is executing this Supplement in accordance with the requirements of the Debt Documents. 

Accordingly, the Designated Senior Priority Representative and the New Representative agree as follows: 

SECTION 1. In accordance with Section 15.09 of the Intercreditor Agreement, the New Representative by its signature below becomes a
Representative under, and the related Senior Subordinated Priority Class Debt and Senior Subordinated Priority Class Debt Parties become subject to and bound by, the Intercreditor Agreement with the same force and effect as if the New
Representative had originally been named therein as a Representative, and the New Representative, on behalf of itself and such Senior Subordinated Priority Class Debt Parties, hereby agrees to all the terms and provisions of the Intercreditor
Agreement applicable to it as a Senior Subordinated Priority Representative and to the Senior Subordinated Priority Class Debt Parties that it represents as Senior Subordinated Priority Parties. Each reference to a
“Representative” or “Senior Subordinated Priority Representative” in the Intercreditor Agreement shall be deemed to include the New Representative. The Intercreditor Agreement is hereby incorporated herein by
reference. 

  
 1 

 SECTION 2. The New Representative represents and warrants to the Designated Senior Priority
Representative and the other Secured Parties that (i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee], (ii) this Representative Supplement has been duly authorized, executed and
delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Senior Subordinated Priority Debt Documents relating to such Senior Subordinated
Priority Class Debt provide that, upon the New Representative’s entry into this Agreement, the Senior Subordinated Priority Class Debt Parties in respect of such Senior Subordinated Priority Class Debt will be subject to and
bound by the provisions of the Intercreditor Agreement as Senior Subordinated Priority Parties. 
 SECTION 3. This Representative Supplement
may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Representative Supplement shall become effective when the Designated Senior Priority
Representative shall have received a counterpart of this Representative Supplement that bears the signature of the New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission or other
electronic method shall be effective as delivery of a manually signed counterpart of this Representative Supplement. 
 SECTION 4. Except as
expressly supplemented hereby, the Intercreditor Agreement shall remain in full force and effect. 
 SECTION 5. THIS REPRESENTATIVE
SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 6. In case any one or
more of the provisions contained in this Representative Supplement should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid,
illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 7. All communications and notices hereunder shall be in writing and given as provided in Section 15.11 of the Intercreditor
Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set forth below its signature hereto. 

SECTION 8. The Borrowers agree to reimburse the Designated Senior Priority Representative for its reasonable out-of-pocket expenses in connection with this Representative Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated Senior Priority Representative. 

IN WITNESS WHEREOF, the New Representative and the Designated Senior Priority Representative have duly executed this Representative Supplement
to the Intercreditor Agreement as of the day and year first above written. 
  

			
	 [NAME OF NEW REPRESENTATIVE,
 as
[            ] for the holders of [                
],

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  
 2 

 
	
	Address for notices:
	  

	
	attention of:
	  

	
	Telecopy:
	  

	
	 [                 ],

as Designated Senior Priority Representative,

 
			
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Acknowledged by:
		
	[                ]	 	

			
		
	By:	 	  

		 	Name:
		 	Title:

			
		
	By:	 	  

		 	Name:
		 	Title:

			
	
	THE GRANTORS
	LISTED ON SCHEDULE I HERETO

			
		
	By:	 	  

		 	Name:
		 	Title:

  

  
 3 

 ANNEX V 

[FORM OF] SUPPLEMENT NO. [    ] dated as of
[                ], 20[    ] to the INTERCREDITOR AGREEMENT dated as of September 27, 2018 (the “Intercreditor Agreement”),
among Garrett Transportation Systems, Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the
Grand Duchy of Luxembourg (the “Lux Notes Issuer”), Garrett LX II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (
“LuxCo 2”), Garrett LX III S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Lux Borrower”), Honeywell
Technologies Sàrl, a Swiss limited liability company (société à responsabilité limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its
capacity as US co-borrower (the “US Co-Borrower”) and as a co-issuer of the Notes (“US Co-Notes Issuer”) (US Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other Grantors party thereto,
JPMCB or any successor thereof, as Senior Priority Representative, Senior Secured Administrative Agent and Senior Secured Collateral Agent, Deutsche Trustee Company Limited or any successor thereto, as Senior Subordinated Notes Trustee, Deutsche
Bank AG, London Branch or any successor thereto, as Senior Subordinated Collateral Agent, Honeywell ASASCO 2, Inc., as Honeywell Indemnitee, Intra-Group Lenders and the other Representatives from time to time a party thereto. 

A. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. The Intercreditor Agreement provides that an Intra-Group Lender may become party to the Intercreditor Agreement by execution
and delivery of an instrument in the form of this Supplement. The undersigned Intra-Group Lender (the “Intra-Group Lender”) is executing this Supplement in accordance with the requirements of the Debt Documents. 

Accordingly, the Designated Senior Priority Representative and the Intra-Group Lender agree as follows: 

SECTION 1. In accordance with the Intercreditor Agreement, the Intra-Group Lender by its signature below becomes a Creditor under the
Intercreditor Agreement with the same force and effect as if originally named therein as a Creditor, and the Intra-Group Lender hereby agrees to all the terms and provisions of the Intercreditor Agreement applicable to it as a Creditor thereunder.
Each reference to a “Creditor” in the Intercreditor Agreement shall be deemed to include the Intra-Group Lender. The Intercreditor Agreement is hereby incorporated herein by reference. 

SECTION 2. The Intra-Group Lender represents and warrants to the Designated Senior Priority Representative and the other Secured Parties that
this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 

SECTION 3. This Supplement may be executed in counterparts, each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. This Supplement shall become effective when the Designated Senior Priority Representative shall have received a counterpart of this Supplement that bears the signature of the Intra-Group Lender. Delivery of an
executed signature page to this Supplement by facsimile transmission or other electronic method shall be as effective as delivery of a manually signed counterpart of this Supplement. 

  
 1 

 SECTION 4. Except as expressly supplemented hereby, the Intercreditor Agreement shall remain
in full force and effect. 
 SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK. 
 SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or
unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions
contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7. All
communications and notices hereunder shall be in writing and given as provided in Section 15.11 of the Intercreditor Agreement. All communications and notices hereunder to the Intra-Group Lender shall be given to it in care of Holdings as
specified in the Intercreditor Agreement. 
 SECTION 8. The Borrowers agree to reimburse the Designated Senior Priority Representative for
its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated
Senior Priority Representative. 
 IN WITNESS WHEREOF, the Intra-Group Lender, and the Designated Senior Priority Representative have duly
executed this Supplement to the Intercreditor Agreement as of the day and year first above written. 
  

			
	 [NAME OF INTRA-GROUP LENDER]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 

			
	Acknowledged by:
	
	[            ], as Designated Senior Priority Representative,
		
	By:	 	  

		 	Name:
		 	Title

  
 2 

 ANNEX VI 

[FORM OF] DEBTOR RESIGNATION REQUEST dated as of
[                ], 20[    ] to the INTERCREDITOR AGREEMENT dated as of September 27, 2018 (the “Intercreditor Agreement”),
among Garrett Transportation Systems, Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the
Grand Duchy of Luxembourg (the “Lux Notes Issuer”), Garrett LX II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (
“LuxCo 2”), Garrett LX III S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Lux Borrower”), Honeywell
Technologies Sàrl, a Swiss limited liability company (société à responsabilité limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its
capacity as US co-borrower (the “US Co-Borrower”) and as a co-issuer of the Notes (“US Co-Notes Issuer”) (US Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other Debtors party thereto,
JPMCB or any successor thereof, as Senior Priority Representative, Senior Secured Administrative Agent and Senior Secured Collateral Agent, Deutsche Trustee Company Limited or any successor thereto, as Senior Subordinated Notes Trustee, Deutsche
Bank AG, London Branch or any successor thereto, as Senior Subordinated Collateral Agent, Honeywell ASASCO 2, Inc., as Honeywell Indemnitee, Intra-Group Lenders and the other Representatives from time to time a party thereto. 

A. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. The Debtors have entered into the Intercreditor Agreement. Section 15.07 of the Intercreditor Agreement provides that
Holdings may request that a Debtor be released from its obligations as a Debtor under the Intercreditor Agreement by execution and delivery of a notice in the form of this Debtor Resignation Request. 

Accordingly, Holdings, the undersigned Debtor (the “Resigning Debtor”) and each Representative agree as follows: 

SECTION 1. In accordance with Section 15.07 of the Intercreditor Agreement, the Resigning Debtor will cease to be a Debtor under the
Intercreditor Agreement. Each reference to a “Debtor” in the Intercreditor Agreement shall be deemed to exclude the Resigning Debtor. 

SECTION 2. Holdings confirm that no event of default under any Debt Facility is continuing or would result from the effectiveness of this
Debtor Resignation Request. 
 SECTION 3. Holdings confirm that the Resigning Debtor is under no actual or contingent obligations in respect
of Intra-Group Indebtedness. 
 SECTION 4. This Debtor Resignation Request shall become effective when each Applicable Designated
Representative has notified Holdings of its acceptance of the resignation of the Resigning Debtor, upon which the Resigning Debtor shall cease to be a Debtor and shall have no further rights or obligations under the Intercreditor Agreement as a
Debtor. 
 SECTION 5. This Debtor Resignation Request may be executed in counterparts, each of which shall constitute an original, but all
of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Debtor Resignation Request by facsimile transmission or other electronic method shall be as effective as delivery of a manually signed
counterpart of this Debtor Resignation Request. 

  
 1 

 SECTION 6. Except as expressly supplemented hereby, the Intercreditor Agreement shall remain
in full force and effect. 
 SECTION 7. THIS DEBTOR RESIGNATION REQUEST SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. 
 SECTION 8. In case any one or more of the provisions contained in this Debtor Resignation Request should be
held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of
the remaining provisions contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 9. All communications and notices hereunder shall be in writing and given as provided in Section 15.11 of the Intercreditor
Agreement. All communications and notices hereunder to the Resigning Debtor shall be given to it in care of Holdings as specified in the Intercreditor Agreement. 

SECTION 10. The Borrowers agree to reimburse [each Representative][the Applicable Designated Representative] for its reasonable out-of-pocket expenses in connection with this Debtor Resignation Request, including the reasonable fees, other charges and disbursements of counsel for the [each
Representative][Applicable Designated Representative]. 
 IN WITNESS WHEREOF, the Resigning Debtor and Holdings have duly executed this
Debtor Resignation Request as of the day and year first above written. 
  

			
	[NAME OF RESIGNING DEBTOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	GARRETT TRANSPORTATION SYSTEMS, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 2 

 ANNEX VII 

[FORM OF] SUPPLEMENT NO. [    ] dated as of
[                ], 20[    ] to the INTERCREDITOR AGREEMENT dated as of September 27, 2018 (the “Intercreditor Agreement”),
among Garrett Transportation Systems, Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the
Grand Duchy of Luxembourg (the “Lux Notes Issuer”), Garrett LX II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (
“LuxCo 2”), Garrett LX III S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Lux Borrower”), Honeywell
Technologies Sàrl, a Swiss limited liability company (société à responsabilité limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its
capacity as US co-borrower (the “US Co-Borrower”) and as a co-issuer of the Notes (“US Co-Notes Issuer”) (US Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other Grantors party thereto,
JPMCB or any successor thereof, as Senior Priority Representative, Senior Secured Administrative Agent and Senior Secured Collateral Agent, Deutsche Trustee Company Limited or any successor thereto, as Senior Subordinated Notes Trustee, Deutsche
Bank AG, London Branch or any successor thereto, as Senior Subordinated Collateral Agent, Honeywell ASASCO 2, Inc., as Honeywell Indemnitee, Intra-Group Lenders and the other Representatives from time to time a party thereto. 

A. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. The Intercreditor Agreement provides that a Honeywell Indemnitee may become party to the Intercreditor Agreement by
execution and delivery of an instrument in the form of this Supplement. The undersigned Honeywell Indemnitee (the “Honeywell Indemnitee”) is executing this Supplement in accordance with the requirements of the Debt Documents. 

Accordingly, the Designated Senior Priority Representative and the Honeywell Indemnitee agree as follows: 

SECTION 1. In accordance with the Intercreditor Agreement, the Honeywell Indemnitee by its signature below becomes a Honeywell Indemnitee under
the Intercreditor Agreement with the same force and effect as if originally named therein as a Honeywell Indemnitee, and the Honeywell Indemnitee hereby agrees to all the terms and provisions of the Intercreditor Agreement applicable to it as a
Honeywell Indemnitee thereunder. Each reference to a “Honeywell Indemnitee” in the Intercreditor Agreement shall be deemed to include the Honeywell Indemnitee. The Intercreditor Agreement is hereby incorporated herein by reference. 

SECTION 2. The Honeywell Indemnitee represents and warrants to the Designated Senior Priority Representative and the other Secured Parties
that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 

SECTION 3. This Supplement may be executed in counterparts, each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. This Supplement shall become effective when the Designated Senior Priority Representative shall have received a counterpart of this Supplement that bears the signature of the Honeywell Indemnitee. Delivery of an
executed signature page to this Supplement by facsimile transmission or other electronic method shall be as effective as delivery of a manually signed counterpart of this Supplement. 

  
 1 

 SECTION 4. Except as expressly supplemented hereby, the Intercreditor Agreement shall remain
in full force and effect. 
 SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK. 
 SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or
unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions
contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7. All
communications and notices hereunder shall be in writing and given as provided in Section 15.11 of the Intercreditor Agreement. 

SECTION 8. The Borrowers agree to reimburse the Designated Senior Priority Representative for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated Senior Priority Representative. 

IN WITNESS WHEREOF, the Honeywell Indemnitee, and the Designated Senior Priority Representative have duly executed this Supplement to the
Intercreditor Agreement as of the day and year first above written. 
  

			
	[NAME OF HONEYWELL INDEMNITEE]
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	
	Acknowledged by:
	
	[             ], as Designated Senior Priority Representative,
		
	By:	 	  

		 	Name:
		 	Title

  
 2 

 ANNEX VIII 

[FORM OF] SUPPLEMENT NO. [    ] dated as of
[                ], 20[    ] to the INTERCREDITOR AGREEMENT dated as of September 27, 2018 (the “Intercreditor Agreement”),
among Garrett Transportation Systems, Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the
Grand Duchy of Luxembourg (the “Lux Notes Issuer”), Garrett LX II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg
(“LuxCo 2”), Garrett LX III S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Lux Borrower”), Honeywell
Technologies Sàrl, a Swiss limited liability company (société à responsabilité limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its
capacity as US co-borrower (the “US Co-Borrower”) and as a co-issuer of the Notes (“US Co-Notes Issuer”) (US Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other Grantors party thereto,
JPMCB or any successor thereof, as Senior Priority Representative, Senior Secured Administrative Agent and Senior Secured Collateral Agent, Deutsche Trustee Company Limited or any successor thereto, as Senior Subordinated Notes Trustee, Deutsche
Bank AG, London Branch or any successor thereto, as Senior Subordinated Collateral Agent, Honeywell ASASCO 2, Inc., as Honeywell Indemnitee, Intra-Group Lenders and the other Representatives from time to time a party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. Section 15.28 of the Intercreditor Agreement provides that a Senior Priority Secured Party may become a Secured Hedge
Counterparty under the Intercreditor Agreement, pursuant to the execution and delivery of an instrument in the form of this Supplement and the satisfaction of the other conditions set forth in Section 15.28 of the Intercreditor Agreement. The
undersigned Secured Hedge Counterparty (the “New Secured Hedge Counterparty”) is executing this Supplement in accordance with the requirements of the Debt Documents. 

Accordingly, the Designated Senior Priority Representative and the New Secured Hedge Counterparty agree as follows: 

SECTION 1. In accordance with Section 15.28 of the Intercreditor Agreement, the New Secured Hedge Counterparty by its signature below
becomes a Secured Hedge Counterparty under the Intercreditor Agreement with the same force and effect as if the New Secured Hedge Counterparty had originally been named therein as a Secured Hedge Counterparty, and the New Secured Hedge Counterparty
hereby agrees to all the terms and provisions of the Intercreditor Agreement applicable to it as a Secured Hedge Counterparty. Each reference to a “Secured Hedge Counterparty” in the Intercreditor Agreement shall be deemed to
include the New Secured Hedge Counterparty. The Intercreditor Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New
Secured Hedge Counterparty represents and warrants to the Designated Senior Priority Representative and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and
binding obligation, enforceable against it in accordance with its terms. 
 SECTION 3. This Supplement may be executed in counterparts, each
of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Designated Senior Priority Representative shall have received a counterpart of this
Supplement that bears the signature of the New Secured Hedge Counterparty. Delivery of an executed signature page to this Supplement by facsimile transmission or other electronic method shall be effective as delivery of a manually signed counterpart
of this Supplement. 

  
 1 

 SECTION 4. Except as expressly supplemented hereby, the Intercreditor Agreement shall remain
in full force and effect. 
 SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK. 
 SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or
unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions
contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7. All
communications and notices hereunder shall be in writing and given as provided in Section 15.11 of the Intercreditor Agreement. All communications and notices hereunder to the New Secured Hedge Counterparty shall be given to it at the address
set forth below its signature hereto. 
 SECTION 8. The Borrowers agree to reimburse the Designated Senior Priority Representative for its
reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated Senior
Priority Representative. 
 IN WITNESS WHEREOF, the New Secured Hedge Counterparty and the Designated Senior Priority Representative have
duly executed this Supplement to the Intercreditor Agreement as of the day and year first above written. 
  

			
	NAME OF NEW SECURED HEDGE COUNTERPARTY,
		
	By:	 	
                     
        

		 	Name:
		 	Title:
	
	Address for notices:
	
	
	attention of:
	  

	
	Telecopy:
	  

  
 2 

 
			
	JPMORGAN CHASE BANK, N.A., as Designated Senior Priority Representative,
		
	By:	 	  

		 	Name:
		 	Title:

  
 3 

 ANNEX IX 

[FORM OF] SUPPLEMENT NO. [    ] dated as of
[                ], 20[    ] to the INTERCREDITOR AGREEMENT dated as of September 27, 2018 (the “Intercreditor Agreement”),
among Garrett Transportation Systems, Inc., a Delaware corporation (“Holdings”), Garrett LX I S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the
Grand Duchy of Luxembourg (the “Lux Notes Issuer”), Garrett LX II S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg
(“LuxCo 2”), Garrett LX III S.à r.l., a société à responsabilité limitée incorporated and existing under the laws of the Grand Duchy of Luxembourg (the “Lux Borrower”), Honeywell
Technologies Sàrl, a Swiss limited liability company (société à responsabilité limitée) (the “Swiss Borrower”), Garrett Borrowing LLC, a Delaware limited liability company in its
capacity as US co-borrower (the “US Co-Borrower”) and as a co-issuer of the Notes (“US Co-Notes Issuer”) (US Co-Borrower and, together with the Lux Borrower and the Swiss Borrower, the “Borrowers”), the other Grantors party thereto,
JPMCB or any successor thereof, as Senior Priority Representative, Senior Secured Administrative Agent and Senior Secured Collateral Agent, Deutsche Trustee Company Limited or any successor thereto, as Senior Subordinated Notes Trustee, Deutsche
Bank AG, London Branch or any successor thereto, as Senior Subordinated Collateral Agent, Honeywell ASASCO 2, Inc., as Honeywell Indemnitee, Intra-Group Lenders and the other Representatives from time to time a party thereto. 

A. Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement. 
 B. Section 15.29 of the Intercreditor Agreement provides that a Senior Priority Secured Party may become a Cash Management
Provider under the Intercreditor Agreement, pursuant to the execution and delivery of an instrument in the form of this Supplement and the satisfaction of the other conditions set forth in Section 15.29 of the Intercreditor Agreement. The
undersigned Cash Management Provider (the “New Cash Management Provider”) is executing this Supplement in accordance with the requirements of the Debt Documents. 

Accordingly, the Designated Senior Priority Representative and the New Cash Management Provider agree as follows: 

SECTION 1. In accordance with Section 15.29 of the Intercreditor Agreement, the New Cash Management Provider by its signature below
becomes a Cash Management Provider under the Intercreditor Agreement with the same force and effect as if the New Cash Management Provider had originally been named therein as a Cash Management Provider, and the New Cash Management Provider hereby
agrees to all the terms and provisions of the Intercreditor Agreement applicable to it as a Cash Management Provider. Each reference to a “Cash Management Provider” in the Intercreditor Agreement shall be deemed to include the New
Cash Management Provider. The Intercreditor Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Cash Management
Provider represents and warrants to the Designated Senior Priority Representative and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation,
enforceable against it in accordance with its terms. 
 SECTION 3. This Supplement may be executed in counterparts, each of which shall
constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Designated Senior Priority Representative shall have received a counterpart of this Supplement that
bears the signature of the New Cash Management Provider. Delivery of an executed signature page to this Supplement by facsimile transmission or other electronic method shall be effective as delivery of a manually signed counterpart of this
Supplement. 

  
 1 

 SECTION 4. Except as expressly supplemented hereby, the Intercreditor Agreement shall remain
in full force and effect. 
 SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK. 
 SECTION 6. In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or
unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions
contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 7. All
communications and notices hereunder shall be in writing and given as provided in Section 15.11 of the Intercreditor Agreement. All communications and notices hereunder to the New Cash Management Provider shall be given to it at the address set
forth below its signature hereto. 
 SECTION 8. The Borrowers agree to reimburse the Designated Senior Priority Representative for its
reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and disbursements of counsel for the Designated Senior
Priority Representative. 
 IN WITNESS WHEREOF, the New Cash Management Provider and the Designated Senior Priority Representative have duly
executed this Supplement to the Intercreditor Agreement as of the day and year first above written. 
  

			
	NAME OF NEW CASH MANAGEMENT PROVIDER,
		
	By:	 	
                

	Name:
	Title:
	
	Address for notices:
	
	attention of:
	  

	
	Telecopy:
	  

  
 2 

 
			
	 [             ],

as Designated Senior Priority Representative,

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 3EX-4.1

 Exhibit 4.1 

 
  

INDENTURE 
 Dated as of
October 1, 2018 
  
  

STEVENS HOLDING COMPANY, INC. 

THE GUARANTORS FROM TIME TO TIME PARTY 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 

as Trustee 
  

 
 6.125% Senior Notes due 2026 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	ARTICLE I	  			
		
	DEFINITIONS	  			
	 Section 1.01
	 	Definitions	  	 	1	 
	 Section 1.02
	 	Other Definitions	  	 	34	 
	 Section 1.03
	 	Rules of Construction	  	 	35	 
		
	ARTICLE II	  			
		
	THE NOTES	  			
			
	 Section 2.01
	 	Form, Dating and Denominations; Legends	  	 	36	 
	 Section 2.02
	 	Execution and Authentication; Additional Notes	  	 	38	 
	 Section 2.03
	 	Registrar and Paying Agent	  	 	39	 
	 Section 2.04
	 	Paying Agent to Hold Money in Trust	  	 	39	 
	 Section 2.05
	 	Holder Lists	  	 	40	 
	 Section 2.06
	 	Registration, Transfer and Exchange	  	 	40	 
	 Section 2.07
	 	Restrictions on Transfer and Exchange	  	 	43	 
	 Section 2.08
	 	Reg. S Temporary Offshore Global Notes	  	 	44	 
	 Section 2.09
	 	Replacement Notes	  	 	45	 
	 Section 2.10
	 	Outstanding Notes	  	 	46	 
	 Section 2.11
	 	Treasury Notes	  	 	46	 
	 Section 2.12
	 	Temporary Notes	  	 	46	 
	 Section 2.13
	 	Cancellation	  	 	46	 
	 Section 2.14
	 	Defaulted Interest	  	 	47	 
	 Section 2.15
	 	CUSIP or ISIN Numbers	  	 	47	 
	 Section 2.16
	 	Benefits of Indenture	  	 	47	 
		
	ARTICLE III	  			
		
	REDEMPTION AND PREPAYMENT	  			
			
	 Section 3.01
	 	Notices to Trustee	  	 	48	 
	 Section 3.02
	 	Selection of Notes To Be Redeemed	  	 	48	 
	 Section 3.03
	 	Notice of Redemption	  	 	48	 
	 Section 3.04
	 	Effect of Notice of Redemption	  	 	50	 
	 Section 3.05
	 	Deposit of Redemption Price	  	 	50	 
	 Section 3.06
	 	Notes Redeemed in Part	  	 	50	 
	 Section 3.07
	 	No Mandatory Redemption	  	 	51	 
	 Section 3.08
	 	Optional Redemption	  	 	51	 
	 Section 3.09
	 	Offers to Purchase; Acquisition of Notes	  	 	51	 

  
 i 

							
	ARTICLE IV	  	 	 
		
	COVENANTS	  	 	 
			
	 Section 4.01
	 	 Payment of Notes
	  	 	51	 
	 Section 4.02
	 	 Reports and Other Information
	  	 	52	 
	 Section 4.03
	 	 Compliance Certificate
	  	 	54	 
	 Section 4.04
	 	 [Reserved]
	  	 	54	 
	 Section 4.05
	 	 Limitation on Restricted Payments
	  	 	54	 
	 Section 4.06
	 	 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
	  	 	61	 
	 Section 4.07
	 	 Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred
Stock
	  	 	63	 
	 Section 4.08
	 	 Asset Sales
	  	 	70	 
	 Section 4.09
	 	 Transactions with Affiliates
	  	 	74	 
	 Section 4.10
	 	 Liens
	  	 	76	 
	 Section 4.11
	 	 Offer to Repurchase Upon Change of Control
	  	 	76	 
	 Section 4.12
	 	 Covenant Suspension
	  	 	78	 
		
	ARTICLE V	  	 	 
		
	SUCCESSORS	  	 	 
			
	 Section 5.01
	 	 Merger, Consolidation or Sale of All or Substantially All Assets
	  	 	80	 
	 Section 5.02
	 	 Successor Issuer or Successor Company Substituted
	  	 	83	 
		
	ARTICLE VI	  	 	 
		
	DEFAULTS AND REMEDIES	  	 	 
			
	 Section 6.01
	 	 Events of Default
	  	 	84	 
	 Section 6.02
	 	 Acceleration
	  	 	86	 
	 Section 6.03
	 	 Other Remedies
	  	 	87	 
	 Section 6.04
	 	 Waiver of Past Defaults
	  	 	87	 
	 Section 6.05
	 	 Control by Majority
	  	 	87	 
	 Section 6.06
	 	 Limitation on Suits
	  	 	87	 
	 Section 6.07
	 	 Rights of Holders to Receive Payment
	  	 	88	 
	 Section 6.08
	 	 Collection Suit by Trustee
	  	 	88	 
	 Section 6.09
	 	 Trustee May File Proofs of Claim
	  	 	88	 
	 Section 6.10
	 	 Priorities
	  	 	89	 
	 Section 6.11
	 	 Undertaking for Costs
	  	 	89	 
	 Section 6.12
	 	 Waiver of Stay or Extension Laws
	  	 	89	 

  
 ii 

							
	ARTICLE VII	  	 	 
		
	TRUSTEE	  	 	 
	 Section 7.01
	 	 Duties of Trustee
	  	 	89	 
	 Section 7.02
	 	 Rights of Trustee
	  	 	90	 
	 Section 7.03
	 	 Individual Rights of Trustee
	  	 	92	 
	 Section 7.04
	 	 Trustee’s Disclaimer
	  	 	92	 
	 Section 7.05
	 	 Notice of Defaults
	  	 	93	 
	 Section 7.06
	 	 Reports by Trustee to Holders
	  	 	93	 
	 Section 7.07
	 	 Compensation and Indemnity
	  	 	93	 
	 Section 7.08
	 	 Replacement of Trustee
	  	 	94	 
	 Section 7.09
	 	 Successor Trustee by Merger
	  	 	95	 
	 Section 7.10
	 	 Eligibility; Disqualification
	  	 	96	 
	 Section 7.11
	 	 Preferential Collection of Claims Against the Issuer and Guarantors
	  	 	96	 
		
	ARTICLE VIII	  	 	 
		
	LEGAL DEFEASANCE, COVENANT DEFEASANCE 	  	 	 
	AND SATISFACTION AND DISCHARGE	  	 	 
			
	 Section 8.01
	 	 Option To Effect Legal Defeasance or Covenant Defeasance
	  	 	96	 
	 Section 8.02
	 	 Legal Defeasance and Discharge
	  	 	96	 
	 Section 8.03
	 	 Covenant Defeasance
	  	 	97	 
	 Section 8.04
	 	 Conditions to Legal or Covenant Defeasance
	  	 	97	 
	 Section 8.05
	 	 Deposited Money and Government Obligations to be Held in Trust; Other Miscellaneous
Provisions
	  	 	99	 
	 Section 8.06
	 	 Repayment to the Issuer
	  	 	99	 
	 Section 8.07
	 	 Satisfaction and Discharge of Indenture
	  	 	99	 
	 Section 8.08
	 	 Reinstatement
	  	 	101	 
		
	ARTICLE IX	  	 	 
		
	AMENDMENTS	  	 	 
			
	 Section 9.01
	 	 Without Consent of Holders
	  	 	101	 
	 Section 9.02
	 	 With Consent of Holders
	  	 	102	 
	 Section 9.03
	 	 Revocation and Effect of Consents and Waivers
	  	 	103	 
	 Section 9.04
	 	 Notation on or Exchange of Notes
	  	 	103	 
	 Section 9.05
	 	 Trustee to Sign Amendments
	  	 	104	 
	 Section 9.06
	 	 [Reserved]
	  	 	104	 
		
	ARTICLE X	  	 	 
		
	GUARANTEES	  	 	 
			
	 Section 10.01
	 	 Guarantees
	  	 	104	 
	 Section 10.02
	 	 Limitation on Liability
	  	 	106	 

  
 iii 

							
	 Section 10.03
	 	 Releases
	  	 	106	 
	 Section 10.04
	 	 Successors and Assigns
	  	 	107	 
	 Section 10.05
	 	 No Waiver
	  	 	107	 
	 Section 10.06
	 	 Additional Guarantees
	  	 	108	 
	 Section 10.07
	 	 Execution of Supplemental Indenture for Future Guarantors
	  	 	108	 
	 Section 10.08
	 	 [Reserved]
	  	 	108	 
	 Section 10.09
	 	 Benefits Acknowledged
	  	 	108	 
		
	ARTICLE XI	  	 	 
		
	MISCELLANEOUS	  	 	 
			
	 Section 11.01
	 	 [Reserved]
	  	 	108	 
	 Section 11.02
	 	 Notices
	  	 	108	 
	 Section 11.03
	 	 Communication by Holders with Other Holders
	  	 	110	 
	 Section 11.04
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	110	 
	 Section 11.05
	 	 Statements Required in Certificate or Opinion
	  	 	110	 
	 Section 11.06
	 	 Rules by Trustee, Paying Agent and Registrar
	  	 	111	 
	 Section 11.07
	 	 Legal Holidays
	  	 	111	 
	 Section 11.08
	 	 Governing Law
	  	 	111	 
	 Section 11.09
	 	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	 	111	 
	 Section 11.10
	 	 Successors
	  	 	111	 
	 Section 11.11
	 	 Multiple Originals; Electronic Signatures
	  	 	111	 
	 Section 11.12
	 	 Waiver of Jury Trial
	  	 	111	 
	 Section 11.13
	 	 Table of Contents; Headings
	  	 	111	 
	 Section 11.14
	 	 Severability
	  	 	112	 
	 Section 11.15
	 	 Submission to Jurisdiction and Venue
	  	 	112	 

  

			
	 EXHIBIT A
	  	 Form of Note

	 EXHIBIT B-1
	  	 Form of Supplemental Indenture for Altra and the other Altra Guarantors

	 EXHIBIT B-2
	  	 Form of Supplemental Indenture for Additional Guarantors

	 EXHIBIT C
	  	 Restricted Legend

	 EXHIBIT D
	  	 DTC Legend

	 EXHIBIT E
	  	 Regulation S Certificate

	 EXHIBIT F
	  	 Rule 144A Certificate

	 EXHIBIT G
	  	 Institutional Accredited Investor Certificate

	 EXHIBIT H
	  	 Certificate of Beneficial Ownership

	 EXHIBIT I
	  	 Temporary Offshore Global Note Legend

  
 iv 

 INDENTURE dated as of October 1, 2018, among STEVENS HOLDING COMPANY, INC., a Delaware
corporation (the “Issuer”), the Guarantors (as defined herein) from time to time party hereto and The Bank of New York Mellon Trust Company, N.A., a national banking association organized under the laws of the United States, as
trustee (the “Trustee”). 
 W I T N E S S E T H 

WHEREAS, the term the “Issuer” refers only to Stevens Holding Company, Inc., a Delaware corporation, and not to any of its
Subsidiaries (as defined herein) or Affiliates (as defined herein). 
 WHEREAS, the term the “Company” refers to
(i) the Issuer prior to the consummation of the Merger (as defined herein), and (ii) Altra (as defined herein), and not to any of its subsidiaries, from and after consummation of the Merger. 

WHEREAS, the Issuer has duly authorized the creation of an issue of (a) $400,000,000 aggregate principal amount of 6.125% Senior Notes due
2026 (the “Initial Notes” and, together with any Additional Notes (as defined herein), the “Notes”) of which $250,000,000 (the “Debt Exchange Amount”) shall initially be represented by a
Certificated Note (as defined herein) issued to Fortive Corporation, a Delaware corporation (“Fortive”). 
 WHEREAS, upon
consummation of the Merger, the Issuer, Altra and each other Altra Guarantor (as defined herein) shall execute and deliver to the Trustee a supplemental indenture in the form of Exhibit B-1 hereto, pursuant to
which (i) Altra will become a party to this Indenture and expressly agrees to be bound by all provisions of this Indenture applicable to it under the Notes and this Indenture (including the provisions of Article IV and Article X hereof), and
(ii) each other Altra Guarantor will become a Subsidiary Guarantor under this Indenture. 
 WHEREAS, the Issuer has duly authorized the
execution and delivery of this Indenture. 
 NOW, THEREFORE, the Issuer, the Guarantors and the Trustee agree as follows for the benefit of
each other and for the equal and ratable benefit of the Holders (as defined herein). 
 Article I 

DEFINITIONS 

Section 1.01 Definitions. The following terms shall have the following meanings: “Acquired Indebtedness” means,
with respect to any specified Person, 
 (1) Indebtedness of any other Person existing at the time such other Person is merged with or into
or became a Restricted Subsidiary of such specified Person, including Indebtedness incurred in connection with, or in contemplation of, such other Person merging with or into or becoming a Restricted Subsidiary of such specified Person, and 

  
 1 

 (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person.

 “Additional Notes” means any additional notes issued by the Issuer having the same terms as the Notes, except for the
public offering price and the issue date and, if applicable, the initial interest accrual date and the initial Interest Payment Date. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For purposes of this Indenture, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control
with”), as used with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by
agreement or otherwise. 
 “Altra” means Altra Industrial Motion Corp., a Delaware corporation. 

“Altra Guarantors” means Altra, Ameridrives International, LLC, Boston Gear LLC, Bauer Gear Motor LLC, Formsprag LLC,
Guardian Couplings LLC, Inertia Dynamics, LLC, Kilian Manufacturing Corporation, Nuttall Gear L L C, Svendborg Brakes USA, LLC, TB Wood’s Corporation, TB Wood’s Incorporated, Warner Electric LLC and Warner Electric Technology LLC. 

“Agent” means any Registrar, Paying Agent and Custodian. 

“Agent Member” means a member of, or a participant in, the Depositary. 

“Asset Sale” means: 

(1) the sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions,
of property or assets (including by way of a Sale and Lease-Back Transaction) of the Company or any of its Restricted Subsidiaries (each referred to in this definition as a “disposition”); or 

(2) the issuance or sale of Equity Interests of any Restricted Subsidiary (other than Preferred Stock of Restricted
Subsidiaries issued in compliance with Section 4.07), whether in a single transaction or a series of related transactions; 
 in each case, other than:

 (a) any disposition of Cash Equivalents or Investment Grade Securities, obsolete, surplus or worn-out property or equipment in the ordinary course of business or any disposition of inventory or goods (or other assets) held for sale or no longer used, useful or economically practical to maintain in the
ordinary course of business; 
 (b) the disposition of all or substantially all of the assets of the Company or the Issuer in
a manner permitted pursuant to Section 5.01 or any disposition that constitutes a Change of Control pursuant to this Indenture; 

  
 2 

 (c) the making of any Restricted Payment or Permitted Investment that is
permitted to be made, and is made, under Section 4.05; 
 (d) any disposition of assets or issuance or sale of Equity
Interests of any Restricted Subsidiary in any transaction or series of transactions with a fair market value for each such transaction or series of transactions of less than $25.0 million; 

(e) any disposition of property or assets or issuance of securities by a Restricted Subsidiary of the Company to the Company or
by the Company or a Restricted Subsidiary of the Company to another Restricted Subsidiary of the Company; 
 (f) to the
extent allowable under Section 1031 of the Internal Revenue Code of 1986, as amended, or comparable law or regulation, any exchange of like property (excluding any boot thereon) for use in a Similar Business; 

(g) the (i) termination of leasehold or other non-fee interests in real property
in the ordinary course of business which, in the reasonable good faith determination of the Company (which determination shall be conclusive), are not material in to the conduct of the business of the Company and the Restricted Subsidiaries, and
(ii) lease, assignment or sub-lease of any real or personal property in the ordinary course of business or to the extent required by, or made pursuant to, customary buy/sell arrangements between joint
venture parties set forth in any joint venture or similar binding agreement; 
 (h) any issuance or sale of Equity Interests
in, or Indebtedness or other securities of, an Unrestricted Subsidiary; 
 (i) foreclosures, condemnations or any similar
action with respect to assets or the granting of Liens not prohibited by this Indenture; 
 (j) any financing transaction
with respect to the acquisition or construction of property by the Company or any Restricted Subsidiary after the Issue Date, including Sale and Lease-Back Transactions, and asset securitizations permitted by this Indenture; 

(k) (i) the licensing and sub-licensing of intellectual property or other general
intangibles in the ordinary course of business or consistent with past practice, (ii) a grant of a license to use the Company’s or any Restricted Subsidiary’s patents, trade secrets, know-how or
other intellectual property to the extent that such license does not limit in any material respect the licensor’s use of the patent, trade secret, know-how or other intellectual property in the
Company’s business and (iii) the abandonment of intellectual property rights in the ordinary course of business which, in the reasonable good faith determination of the Company (which determination shall be conclusive), are not material to
the conduct of the business of the Company and the Restricted Subsidiaries; 
 (l) the sale, discount or other disposition of
inventory, accounts receivable or notes receivable in the ordinary course of business or the conversion of accounts receivable to notes receivable; 

  
 3 

 (m) any surrender or waiver of contract rights or the settlement, release or
surrender of contract rights or other litigation claims in the ordinary course of business; 
 (n) sales of receivable assets pursuant to any
Permitted Receivables Facility; 
 (o) dispositions of non-core assets (which may include real
property) acquired in connection with any acquisition permitted by this Indenture or other Permitted Investment within 365 days after the consummation of such acquisition or other Permitted Investment in an aggregate amount for all such dispositions
not to exceed $50.0 million; 
 (p) any disposition of assets effected pursuant to the Transactions; 

(r) transfers of equipment, fixed assets or real property (including improvements thereon) subject to any event that gives rise
to the receipt by the Company and the Restricted Subsidiaries of any casualty insurance proceeds or condemnation awards in respect thereof to replace, restore or repair, or compensation for the loss of, such equipment, fixed assets or real property,
upon receipt of the net proceeds of such casualty insurance proceeds or condemnation awards; and 
 (s) termination of Swap
Contracts. 
 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors or
other relevant law in any jurisdiction of competent authority for the relief of debtors relating to moratorium, bankruptcy, insolvency, receivership, winding up, liquidation, examinership or reorganization or any amendment to, succession to or
change in any such law. 
 “Board of Directors” means, with respect to a corporation, the board of directors of the
corporation, and, with respect to any other Person, the board or committee of such Person, or board of directors of the general partner or general manager of such Person, serving a similar function. 

“Board Resolution” means a copy of a resolution certified by the secretary or an assistant secretary of the Issuer or the
Company, as applicable, to have been adopted by the Board of Directors of the Issuer or the Company or pursuant to authorization by the Board of Directors of the Issuer or the Company, as applicable, including by an authorized officer, and to be in
full force and effect on the date of the certificate, and delivered to the Trustee. 
 “Business Day” means each day that
is not a Legal Holiday. 
 “Calculation Date” means the date on which the event for which the calculation of the
Consolidated Net Leverage Ratio, Consolidated Secured Net Leverage Ratio or the Fixed Charge Coverage Ratio, as applicable, shall occur. 

“Capital Stock” means: 

(1) in the case of a corporation, corporate stock; 

  
 4 

 (2) in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of corporate stock; 
 (3) in the case of a
partnership or limited liability company, partnership or membership interests (whether general or limited); and 
 (4) any
other interest or participation (including, without limitation, quotas) that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in
respect of a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP. 

“Cash Equivalents” means: 

(1) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United
States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of acquisition thereof; 

(2) investments in commercial paper maturing within two hundred seventy (270) days from the date of acquisition thereof
and having, at such date of acquisition, the highest credit rating obtainable from S&P or from Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an equivalent rating from another nationally
recognized rating agency); 
 (3) investments in certificates of deposit, bankers’ acceptances and time deposits
maturing within one hundred eighty (180) days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the
laws of the United States of America or any State thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000; 

(4) fully collateralized repurchase agreements with a term of not more than thirty (30) days for securities described in
clause (1) above and entered into with a financial institution satisfying the criteria described in clause (3) above; 

(5) investments in money market and similar highly liquid funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated in the highest rating category obtainable from S&P or Moody’s (or, if at any time neither Moody’s nor S&P shall be rating such
obligations, an equivalent rating from another nationally recognized rating agency) and (iii) have portfolio assets of at least $5,000,000,000; 

  
 5 

 (6) readily marketable direct obligations with average maturities of 12
months or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, by any political subdivision or taxing authority of any such state, commonwealth or territory having an
investment grade rating from either S&P or Moody’s (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized rating agency); 

(7) readily marketable direct obligations issued by any foreign government or any political subdivision or public
instrumentality thereof, in each case having an investment grade rating from either Moody’s or S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally
recognized rating agency) with maturities of 12 months or less from the date of acquisition; 
 (8) investments with average
maturities of 12 months or less from the date of acquisition in money market funds rated AA- (or the equivalent thereof) or better by S&P or Aa3 (or the equivalent thereof) or better by Moody’s (or,
if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized rating agency); and 

(9) investment funds investing at least 95% of their assets in securities of the types (including as to credit quality and
maturity) described in clauses (1) through (8) above. 
 Solely, in the case of investments by any Foreign Subsidiary that is a
Restricted Subsidiary, Cash Equivalents shall also include investments of the type (including comparable quality), and maturity described in clauses (1) through (6) and clauses (8) through (9) above of foreign obligors (including
investments that are denominated in currencies other than Dollars), which investments or obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and are
investments customarily utilized in such countries in which such Foreign Subsidiary operates for short term cash management purposes. 

“Certificate of Beneficial Ownership” means a certificate substantially in the form of Exhibit H. 

“Certificated Note” means a Note in registered individual form without interest coupons substantially in the form of Exhibit
A hereto, and such Note shall not bear the DTC Legend and shall not have the “Schedule of Exchanges of Notes” attached thereto. 

“Change of Control” means the occurrence of any one of the following: 

(1) the Company becomes aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act,
proxy, vote, written notice or otherwise) the acquisition by any Person or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act, or any successor provision, but excluding any employee benefit plan of such Person, and
any Person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan), including any such group acting for the purpose of acquiring, holding or disposing of securities (within the meaning

  
 6 

 
of Rule 13d-5(b)(1) under the Exchange Act), in a single transaction or in a related series of transactions, by way of acquisition, merger, amalgamation,
consolidation, transfer, conveyance or other business combination or purchase of ultimate beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision), directly or
indirectly, of more than 50% of the total voting power of the Voting Stock of the Company (on a fully diluted basis), other than by virtue of (a) the imposition of one or more holding companies (including in connection with a business
combination and regardless of whether any such holding company has other assets) or (b) the reincorporation of the Company in another jurisdiction, if in the case of either (a) or (b) the beneficial owners of the Voting Stock of the
Company immediately prior to such transaction directly or indirectly hold a majority of the voting power of the Voting Stock of such holding company or reincorporation entity immediately thereafter; or 

(2) the Company ceases to own, directly or indirectly, 100% of the Capital Stock of the Issuer. 

Notwithstanding the foregoing, the Transactions shall not constitute a Change of Control. 

For the purposes of this definition, the term “Person” shall be defined as that term is used in Section 13(d)(3) of the
Exchange Act and the term “beneficial owner” shall be defined as that term is used in Rules 13d-3 and 13d-5 under the Exchange Act. 

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

“Consolidated Indebtedness” means, for the Company and the Restricted Subsidiaries on a consolidated basis in accordance with
GAAP and as of any date, an amount equal to (without duplication) all Indebtedness of the Company and the Restricted Subsidiaries for borrowed money, all unreimbursed obligations in respect of drawn letters of credit that have not been reimbursed
within two Business Days after the date of such drawing, all Capitalized Lease Obligations and other purchase money Indebtedness and all payment guarantees of any of the foregoing obligations, in each case as of such date. 

“Consolidated Interest Expense” means, as of any date of determination, for any period, for the Company and its Restricted
Subsidiaries calculated in accordance with GAAP on a consolidated basis (without duplication) for such period, all interest expense (including interest expense under Capitalized Lease Obligations that is treated as interest in accordance with GAAP)
with respect to all outstanding Indebtedness of the Company and its Restricted Subsidiaries allocable to such period in accordance with GAAP (including all commissions, discounts and other fees and charges owed with respect to letters of credit)
minus interest income for such period in accordance with GAAP, provided, however, that the calculation of Consolidated Interest Expense shall not include (a) interest payable from the Company or any Restricted Subsidiary to any other
Restricted Subsidiary or the Company or (b) fees and expenses, original issue discount and upfront fees, payoff fees, including any premiums for prepaying obligations, in each case of or by the Company and its Restricted Subsidiaries, including
in connection with the financing of the Transactions, (c) extinguishment charges relating to the early extinguishment of Indebtedness or obligations under Swap Contracts, (d) noncash amounts attributable to the amortization of debt
discounts or accrued interest payable in kind and (e) noncash amounts attributable to amortization or write-off of capitalized interest or other financing costs paid in a previous period, on a
consolidated basis at such determination date. 

  
 7 

 “Consolidated Net Income” means, as of any date of determination, the Net
Income (or loss) of the Company and its Restricted Subsidiaries on a consolidated basis for any period calculated in accordance with GAAP, on a consolidated basis; provided that Consolidated Net Income shall exclude, without duplication: 

(1) solely for the purpose of determining the amount available for Restricted Payments under clause (i) of
Section 4.05(a)(4)(C), the Net Income of any Subsidiary of the Company that is not the Issuer or a Subsidiary Guarantor during such period to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of
such income is not permitted by operation of the terms of its organizational documents or any agreement, instrument or law applicable to such Subsidiary during such period (unless such restrictions on dividends or similar distributions have been
legally and effectively waived), except that the Company’s equity in any net loss of any such Subsidiary for such period shall be included in determining Consolidated Net Income; 

(2) extraordinary, unusual or non-recurring gains and extraordinary, unusual or non-recurring charges or losses (including extraordinary, unusual or non-recurring costs of, and payments of, actual or prospective legal settlements, fines, judgments or
orders); 
 (3) any amounts attributable to Investments in any Unrestricted Subsidiary to the extent that such amounts have
not been distributed in cash to the Company and the Restricted Subsidiaries during such applicable period; 
 (4) effects of
adjustments in the consolidated financial statements of the Company pursuant to GAAP (including in the inventory, property and equipment, software, goodwill, intangible assets, in-process research and
development, deferred revenue, deferred rent and debt line items thereof) resulting from the application of recapitalization accounting or acquisition accounting, as the case may be, in relation to the Transactions or any consummated
recapitalization or acquisition transaction or the amortization or write-off of any amounts thereof; 

(5) any net income or loss (less all fees and expenses or charges related thereto) attributable to the early extinguishment of
Indebtedness (and the termination of any associated Swap Contracts or other derivative instruments); 
 (6) write-off or amortization made in such period of deferred financing costs and premiums paid or other expenses incurred directly in connection with any early extinguishment of Indebtedness; 

(7) accruals and reserves that are established or adjusted within 12 months after the Issue Date that are so required to be
established or adjusted as a result of the Transactions in accordance with GAAP or as a result of the adoption or modification of accounting policies; 

  
 8 

 (8) any gain or charge as a result of, or in connection with, any
disposition outside the ordinary course of business; 
 (9) any unrealized or realized net foreign currency translation gains
or losses and unrealized net foreign currency transaction gains or losses, in each case impacting net income; 
 (10)
unrealized net losses, charges or expenses and unrealized net gains in the fair market value of any arrangements under Swap Contracts; and 

(11) the income or loss of any Person accrued prior to the date on which such Person becomes a Restricted Subsidiary or is
merged into or consolidated with the Company or any Restricted Subsidiary or the date that such other Person’s assets are acquired by the Company or any Restricted Subsidiary (except to the extent required for pro forma adjustments described
herein); 
 provided that none of the foregoing clauses (1) through (10) shall exclude any charges, accruals, reserves, expenses, costs
or other items referred to in clause (11) of the definition of EBITDA. 
 “Consolidated Net Leverage Ratio” means, as
of the applicable Calculation Date, the ratio of (a) the Consolidated Indebtedness of the Company and its Restricted Subsidiaries as of such Calculation Date less Unrestricted Cash of the Company and its Restricted Subsidiaries as of such
Calculation Date (in each case, determined after giving pro forma effect to such incurrence of Indebtedness, and each other incurrence, assumption, guarantee, redemption, retirement and extinguishment of Indebtedness as of such Calculation
Date) to (b) EBITDA of the Company and its Restricted Subsidiaries for the most recent four fiscal quarter period ending immediately prior to such Calculation Date for which internal financial statements are available. For purposes of
determining the “Consolidated Net Leverage Ratio,” “EBITDA” shall be subject to the adjustments applicable to “EBITDA” as provided for in the definition of “Fixed Charge Coverage Ratio.” 

“Consolidated Secured Net Leverage Ratio” means, as of the applicable Calculation Date, the ratio of (a) the
Consolidated Indebtedness of the Company and its Restricted Subsidiaries that is secured by Liens on any assets or property of the Company or its Restricted Subsidiaries as of such Calculation Date less Unrestricted Cash of the Company and its
Restricted Subsidiaries as of such Calculation Date (in each case, determined after giving pro forma effect to such incurrence of Indebtedness, and each other incurrence, assumption, guarantee, redemption, retirement and extinguishment of
Indebtedness as of such Calculation Date) to (b) EBITDA of the Company and its Restricted Subsidiaries for the most recent four fiscal quarter period ending immediately prior to such Calculation Date for which internal financial statements are
available. For purposes of determining the “Consolidated Secured Net Leverage Ratio,” “EBITDA” shall be subject to the adjustments applicable to “EBITDA” as provided for in the definition of “Fixed Charge Coverage
Ratio.” 

  
 9 

 “Contingent Obligations” means, with respect to any Person, any obligation
of such Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or
indirectly, including, without limitation, any obligation of such Person, whether or not contingent, 
 (1) to purchase any
such primary obligation or any property constituting direct or indirect security therefor, 
 (2) to advance or supply funds

 (a) for the purchase or payment of any such primary obligation, or 

(b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of
the primary obligor, or 
 (3) to purchase property, securities or services primarily for the purpose of assuring the owner
of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Credit Facilities” means, with respect to the Company or any of its Restricted Subsidiaries, one or more debt facilities,
including the Senior Secured Credit Facilities, or other financing arrangements (including, without limitation, commercial paper facilities or indentures), providing for revolving credit loans, term loans or letters of credit or other long-term
Indebtedness, including any notes, mortgages, guarantees, collateral documents, instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof and
any indentures or credit facilities or commercial paper facilities that replace, refund or refinance any part of the loans, notes, other credit facilities or commitments thereunder, including any such replacement, refunding or refinancing facility
or indenture that increases the amount permitted to be borrowed thereunder or alters the maturity thereof (provided that such increase in borrowings is permitted under Section 4.07) or adds Restricted Subsidiaries as additional borrowers
or guarantors thereunder and whether by the same or any other agent, lender, investor or group of lenders. 
 “Custodian”
means (other than as used and defined in Article VI) the Trustee, as custodian with respect to any Notes in global form. 
 “Debtor
Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar
debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

 “Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person
specified in Section 2.03 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as Depositary hereunder and having become such pursuant to the applicable provisions of this Indenture. 

  
 10 

 “Designated Non-cash Consideration”
means the fair market value (as determined by the Company in good faith, which determination shall be conclusive) of non-cash consideration received by the Company or any Restricted Subsidiary in connection
with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation (which amount will be deemed to be no longer
outstanding as Designated Non-cash Consideration for purposes of Section 4.08 in an amount equal to the fair market value of the portion of such non-cash
consideration converted by the Company or any Restricted Subsidiary to cash or Cash Equivalents following the consummation of the applicable Asset Sale), executed by the principal financial officer of the Company. 

“Designated Preferred Stock” means Preferred Stock of the Company or any parent corporation thereof (in each case other than
Disqualified Stock) that is issued for cash (other than to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock pursuant to an
Officer’s Certificate executed by the principal financial officer of the Company on the issuance date thereof, the cash proceeds of which are excluded from the calculation set forth in Section 4.05(a)(4)(C). 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person that, by its terms, or by the terms
of any security into which it is convertible or for which it is putable or exchangeable, or upon the happening of any event, matures or is mandatorily redeemable (other than solely as a result of a change of control or asset sale and other than if
redeemable for Capital Stock of such Person that is not itself Disqualified Stock) pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than solely as a result of a change of control or
asset sale and other than if redeemable for Capital Stock of such Person that is not itself Disqualified Stock), in whole or in part, in each case prior to the date that is 91 days after the Maturity Date of the Notes; provided,
however, that if such Capital Stock is issued to any plan for the benefit of employees of the Company or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be
required to be repurchased by the Company or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 

“DTC” means The Depository Trust Company or its successors. 

“DTC Legend” means the legend set forth in Exhibit D. 

“EBITDA” means, as of any date of determination for any period, an amount equal to Consolidated Net Income for such period
plus, without duplication and, (except in the case of clauses (9), (10) and (12) below) to the extent the relevant item or amount is incorporated in the calculation of Consolidated Net Income for such period, 

(1) Consolidated Interest Expense of the Company and the Restricted Subsidiaries for such period; plus 

  
 11 

 (2) the aggregate amount of consolidated income and franchise taxes on or
measured by income of the Company and the Restricted Subsidiaries for that period whether or not payable during such period; plus 

(3) consolidated depreciation and amortization and all other noncash charges, expenses or losses, including non-cash compensation and impairment charges of the Company and the Restricted Subsidiaries, for such period; minus 

(4) any noncash income or gains (other than the accrual of revenue in the ordinary course of business); minus 

(5) any gains attributable to the sale of assets by the Company and the Restricted Subsidiaries outside the ordinary course of
business; plus 
 (6) fees, costs, commissions and expenses incurred or paid during such period related to the Transactions,
including any reorganization expenses; plus 
 (7) transaction fees, costs, commissions and expenses incurred or paid during
such period related to any issuance of Equity Interests, incurrence of Indebtedness (including any refinancing transaction or amendment, waiver or modification of any Indebtedness), acquisition, investment or disposition (in each case whether or not
consummated); plus 
 (8) to the extent deducted in the calculation of Consolidated Net Income, any earn-out obligation expense incurred in connection with any acquisition or other Permitted Investment; plus 

(9) the amount of any fee, cost, expense or reserve to the extent actually reimbursed or reimbursable by third parties pursuant
to indemnification or reimbursement provisions or similar agreements or insurance; provided that such Person in good faith expects to receive reimbursement for such fee, cost, expense or reserve within the next four fiscal quarters (it being
understood that to the extent not actually received within such fiscal quarters, such reimbursement amounts shall be deducted in calculating EBITDA for such fiscal quarters); plus 

(10) to the extent not otherwise included in the determination of Consolidated Net Income for such period, the amount of any
proceeds of any business interruption insurance policy representing the earnings for such period that such proceeds are intended to replace (whether or not then received) so long as such Person in good faith expects to receive such proceeds within
the next four fiscal quarters (it being understood that to the extent not actually received within such period such reimbursement amounts so added back but not so received shall be deducted in calculating EBITDA for the fiscal quarter immediately
following such four fiscal quarter period); plus 
 (11) restructuring charges and related charges, accruals or reserves; and
business optimization expense and related charges or expenses, including costs related to the opening, closure and/or consolidation of offices and facilities, retention charges, contract termination costs, recruiting and signing bonuses and
expenses, systems establishment costs, conversion costs and consulting fees relating to the foregoing; plus 

  
 12 

 (12) the amount of (i) pro forma “run rate” cost savings,
operating expense reductions and synergies (net of actual amounts realized) related to the Transactions that are reasonably identifiable, factually supportable and projected by the Company in good faith to result from actions that have been taken or
with respect to which substantial steps have been taken or are expected to be taken (in the good faith determination of the Company (which determination shall be conclusive)) within 24 months after the Issue Date and (ii) pro forma “run
rate” cost savings, operating expense reductions and synergies (net of actual amounts realized) related to acquisitions and other Investments, dispositions and other transactions (including, for the avoidance of doubt, acquisitions occurring
prior to the Issue Date), cost savings initiatives and other similar initiatives that are reasonably identifiable, factually supportable and projected by the Company in good faith to result from actions that have been taken or with respect to which
substantial steps have been taken or are expected to be taken (in the good faith determination of such Person) within 24 months after such acquisition or other Investment, disposition or other specified transaction, restructuring, cost savings
initiative or other initiative; provided that, the aggregate amount of adjustments from this clause (12) in any four consecutive fiscal quarters shall not exceed an amount equal to 20% of EBITDA for the period of four consecutive fiscal
quarters most recently ended prior to the determination date (and such determination shall be made prior to the making of, and without giving effect to, any adjustments pursuant to this clause (12)); minus 

(13) any items of income or loss in respect of equity in the income or loss of unconsolidated affiliates or minority interests
in the income or loss of consolidated subsidiaries in each case as determined in accordance with GAAP, it being understood and agreed that any items of loss or expense would be added to and any items of gain or income would be deducted from
Consolidated Net Income for the purpose of determining EBITDA. 
 “Equity Interests” means Capital Stock and all warrants,
options or other rights to acquire Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock. 

“Escrow Debt” means Indebtedness incurred in connection with any transaction permitted by this Indenture for so long as
proceeds thereof have been deposited into an escrow account on customary terms to secure such Indebtedness pending the application of such proceeds to finance such transaction. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “fair market value” means, with respect to any asset or liability, the fair market value of such asset or
liability as determined by the Company in good faith (which determination shall be conclusive). 

  
 13 

 “Fixed Charge Coverage Ratio” means, with respect to any Person for any
period, the ratio of EBITDA of such Person for such period to the Consolidated Interest Expense of such Person for such period. In the event that the Company or any Restricted Subsidiary incurs, assumes, guarantees, redeems, retires or extinguishes
any Indebtedness (other than Indebtedness incurred under any revolving credit facility unless such Indebtedness has been permanently repaid and has not been replaced) or issues or redeems Disqualified Stock or Preferred Stock subsequent to the
commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to or simultaneously with the event for which the calculation of the Fixed Charge Coverage Ratio is made, then the Fixed Charge Coverage Ratio shall
be calculated giving pro forma effect to such incurrence, assumption, guarantee, redemption, retirement or extinguishment of Indebtedness, or such issuance or redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at
the beginning of the applicable four-quarter period. 
 For purposes of making the computation referred to above, Investments, acquisitions,
dispositions, mergers, consolidations and disposed operations (as determined in accordance with GAAP) that have been made by the Company or any of its Restricted Subsidiaries during the four-quarter reference period or subsequent to such reference
period and on or prior to or simultaneously with the Fixed Charge Coverage Ratio Calculation Date shall be calculated on a pro forma basis, assuming that all such Investments, acquisitions, dispositions, mergers, consolidations and disposed
operations (and the change in any associated fixed charge obligations and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person that
subsequently became a Restricted Subsidiary or was merged with or into the Company or any of its Restricted Subsidiaries since the beginning of such period shall have made any Investment, acquisition, disposition, merger, consolidation or disposed
operation that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, merger,
consolidation or disposed operation had occurred at the beginning of the applicable four-quarter period. 
 For purposes of this definition,
whenever pro forma effect is to be given to an Investment, acquisition, disposition, merger, consolidation, disposed operation or any other transaction, the pro forma calculations shall be made in good faith by a responsible financial
or accounting officer of the Company (and may include, for the avoidance of doubt and without duplication, cost savings and operating expense reduction resulting from such Investment, acquisition, disposition, merger, consolidation, disposed
operation or other transaction, in each case calculated in the manner described in the definition of “EBITDA” herein). If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such
Indebtedness shall be calculated as if the rate in effect on the applicable Calculation Date had been the applicable rate for the entire period (taking into account any Swap Contracts applicable to such Indebtedness). Interest on a Capitalized Lease
Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For
purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the
applicable 

  
 14 

 
period except as set forth in the first paragraph of this definition. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar
rate, a Eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate. 

“Foreign Subsidiary” means, with respect to any Person, any Subsidiary of such Person that is not organized or existing under
the laws of the United States, any state thereof, or the District of Columbia and any direct or indirect Subsidiary of such Foreign Subsidiary. 

“Foreign Subsidiary Holding Company” means, with respect to any Person, any Subsidiary of such Person substantially all of
whose assets consist of Equity Interests and/or Indebtedness of one or more (a) Foreign Subsidiaries and/or (b) Subsidiaries described in this definition. 

“GAAP” means generally accepted accounting principles in the United States of America which are in effect as of the Issue
Date. At any time after the Issue Date, the Company may elect to establish that GAAP shall mean GAAP as in effect on or prior to the date of such election; provided, however, that any such election, once made, shall be irrevocable. Notwithstanding
any such election, any lease of the Company or any Subsidiary that would be characterized as an operating lease under GAAP in effect on the Issue Date, whether such lease is entered into before or after the Issue Date, shall not constitute
Indebtedness or a Capitalized Lease Obligation. 
 “Global Note” means a Note in registered global form without interest
coupons substantially in the form of Exhibit A hereto, and such Note shall bear the DTC Legend and any other applicable legends described herein. 

“Government Securities” means securities that are: 

(1) direct obligations of the United States of America for the timely payment of which its full faith and credit is pledged;

 (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of
America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which are not callable or redeemable at the option of the issuers thereof, and shall also include a depository
receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Government Securities or a specific payment of principal of or interest on any such Government Securities held by such
custodian for the account of the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any
amount received by the custodian in respect of the Government Securities or the specific payment of principal of or interest on the Government Securities evidenced by such depository receipt; or 

(3) AAA rated money market mutual funds, where 100% of the holdings are in securities described in clauses (1) or (2) of
this definition of Government Securities or repurchase agreements that are fully collateralized by securities described in clauses (1) or (2) of this definition of Government Securities. 

  
 15 

 “guarantee” means a guarantee (other than by endorsement of negotiable
instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations. 

“Guarantee” means the guarantee by any Guarantor of the Issuer’s Obligations under this Indenture and the Notes. 

“Guarantor” means Altra, each Subsidiary Guarantor and any other Person that becomes a Guarantor in accordance with the terms
of this Indenture. 
 “Holder” means the Person in whose name a Note is registered on the applicable Registrar’s
books. 
 “IAI Global Note” means a Global Note sold to Institutional Accredited Investors bearing the Restricted Legend.

 “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following: 

(1) all indebtedness in respect of borrowed money; 

(2) all obligations of such Person evidenced by bonds, notes, debentures or similar instruments; 

(3) all obligations of such Person in respect of letters of credit or other similar instruments (including reimbursement
agreements with respect thereto); 
 (4) the Indebtedness of any other Persons to the extent guaranteed by such Person; 

(5) all obligations of such Person to pay the deferred and unpaid purchase price of any property (including Capitalized Lease
Obligations), but excluding trade accounts payable or accrued liabilities arising in the ordinary course of business; 
 (6)
all obligations under any accounts receivable financings; 
 (7) all Disqualified Stock of such Person, valued, as of the
date of determination, at the greater of (i) the maximum aggregate amount that would be payable upon maturity, redemption, repayment or repurchase thereof (or of Disqualified Stock or Indebtedness into which such Disqualified Stock are
convertible or exchangeable) and (ii) the maximum liquidation preference of such Disqualified Stock; and 
 (8) all
indebtedness referred to in clauses (1) through (7) above secured by any Lien upon or in property (including accounts and contracts rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such
Indebtedness. 

  
 16 

 The amount of Indebtedness of any Person for purposes of clause (8) above shall be
deemed to be equal to the lesser of (x) the aggregate unpaid amount of such Indebtedness and (y) the fair market value of the property encumbered thereby as determined by such Person in good faith (which determination shall be conclusive).
Notwithstanding the foregoing, (x) in no event shall the term “Indebtedness” be deemed to include letters of credit that secure performance, bonds that secure performance, surety bonds or similar instruments that are issued in the
ordinary course of business, and (y) solely for purposes of determining compliance with Section 4.07 and Section 4.10, shall not include Escrow Debt until such time as the proceeds of such Escrow Debt have been released from the
applicable escrow account. In addition, any joint and several tax liabilities arising by operation of consolidated return, fiscal unity or similar provisions of applicable law shall not constitute Indebtedness for purposes hereof. 

“Indenture” means this Indenture, as amended or supplemented from time to time. 

“Independent Financial Advisor” means an accounting, appraisal or investment banking firm of nationally recognized standing
that is, in the good faith judgment of the Company, qualified to perform the task for which it has been engaged. 
 “Initial
Purchasers” means the initial purchasers party to that certain purchase agreement, dated September 26, 2018, with the Issuer and the Guarantors relating to the sale of the Initial Notes by the Issuer and the Selling Securityholder.

 “Institutional Accredited Investor” means an institutional “accredited investor” (as defined) in Rule
501(a)(1), (2), (3) or (7) under the Securities Act. 
 “Institutional Accredited Investor Certificate” means a
certificate substantially in the form of Exhibit G hereto. 
 “Interest Payment Date” means the date specified in the Notes
for the payment of any installment of interest on the Notes. 
 “Internal Revenue Code” means the Internal Revenue Code of
1986, as amended, and the regulations thereunder. 
 “Investment Grade Rating” means a rating equal to or higher than Baa3
(or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency. 

“Investment Grade Securities” means: 

(1) securities issued or directly and fully guaranteed or insured by the United States government or any agency or
instrumentality thereof (other than Cash Equivalents); 

  
 17 

 (2) debt securities or debt instruments with an Investment Grade Rating, but
excluding any debt securities or instruments constituting loans or advances among the Company and its Subsidiaries; 
 (3)
investments in any fund that invests exclusively in investments of the type described in clauses (1) and (2) (which fund may also hold immaterial amounts of cash pending investment or distribution thereof); and 

(4) corresponding instruments in countries other than the United States customarily utilized for high quality investments. 

“Investments” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in
the form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit, advances to customers, commission, travel and similar advances to directors, officers, employees and consultants in each case
made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments that are required by GAAP to be classified on the balance
sheet (excluding the footnotes) of the Company in the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other property. For purposes of the definition of
“Unrestricted Subsidiary” and Section 4.05: 
 (1) “Investments” shall include the portion
(proportionate to the Company’s equity interest in such Subsidiary) of the fair market value of the net assets of a Subsidiary of the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided,
however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive) equal to: 

(a) the Company’s “Investment” in such Subsidiary at the time of such redesignation; less 

(b) the portion (proportionate to the Company’s equity interest in such Subsidiary) of the fair market value of the net
assets of such Subsidiary at the time of such redesignation; and 
 (2) any property transferred to or from an Unrestricted
Subsidiary shall be valued at its fair market value at the time of such transfer. 
 The amount of any Investment outstanding at any time
shall be the original cost of such Investment, reduced by any dividend, distribution, interest payment, return of capital, repayment or other amount received in cash or Cash Equivalents by the Company or a Restricted Subsidiary in respect of such
Investment. 
 “Issue Date” means October 1, 2018. 

“Issuer Order” means a written order signed in the name of the Issuer by an Officer. 

  
 18 

 “Legal Holiday” means a Saturday, a Sunday or a day on which commercial
banking institutions are required to be closed in the State of New York or a place of payment with respect to the Notes. 

“Lien” means, with respect to any asset, any mortgage, lien (statutory or otherwise), pledge, hypothecation, charge, security
interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option
or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event shall an
operating lease be deemed to constitute a Lien. 
 “Limited Condition Acquisition” means any acquisition, including by way
of merger or consolidation, by the Company or one or more of its Restricted Subsidiaries, or Permitted Investment in any assets, business or Person, in each case the consummation of which is not conditioned on the availability of, or on obtaining,
third party financing. 
 “LTM EBITDA” means EBITDA for the most recently ended four full fiscal quarters for which
internal financial statements are available. “LTM EBITDA” shall be subject to the adjustments applicable to “EBITDA” as provided for in the definition of “Fixed Charge Coverage Ratio.” 

“Merger” means the merger of McHale Acquisition Corp. (“Merger Sub”), a wholly-owned subsidiary of Altra,
with and into the Issuer whereby the separate corporate existence of Merger Sub will cease and the Issuer will continue as the surviving company and a wholly-owned subsidiary of Altra. 

“Maturity Date,” when used with respect to any Note or installment of principal thereof, means the date on which the
principal of such Note or such installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity Date or by declaration of acceleration, call for redemption, notice of option to elect repayment or
otherwise. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating agency business.

 “Net Income” means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP
and before any reduction in respect of Preferred Stock dividends. 
 “Net Proceeds” means the aggregate cash proceeds and
Cash Equivalents received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale, including any cash and Cash Equivalents received upon the sale or other disposition of any Designated
Non-cash Consideration received in any Asset Sale, net of the direct costs relating to such Asset Sale and the sale or disposition of such Designated Non-cash
Consideration, including legal, accounting and investment banking fees, and brokerage and sales commissions, any relocation expenses incurred as a result thereof, taxes paid or payable as a result thereof (after taking into

  
 19 

 
account any available tax credits or deductions and any tax sharing arrangements), amounts required to be applied to the repayment of Indebtedness secured by a Lien on such assets (other than
required by clause (1) of Section 4.08(b)) and any deduction of appropriate amounts to be provided by the Company or any of its Restricted Subsidiaries as a reserve in accordance with GAAP against any liabilities associated with the asset
disposed of in such transaction and retained by the Company or any of its Restricted Subsidiaries after such sale or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental
matters or against any indemnification obligations associated with such transaction. 
 “Notes” has the meaning assigned to
it in the preamble to this Indenture. 
 “Obligations” means any principal, interest (including any interest accruing
subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or
foreign law), premium, penalties, fees, indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and banker’s acceptances), damages and other liabilities, and guarantees of payment of such
principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the documentation governing any Indebtedness. 

“Offering Memorandum” means the offering memorandum of the Company with respect to the Initial Notes, dated
September 26, 2018. 
 “Officer” means the Chairman of the Board of Directors, the Chief Executive Officer, Chief
Financial Officer, Chief Operating Officer, the President, any Executive Vice President, any Senior Vice President, any Vice President, the Treasurer or the Secretary of the Issuer or a Guarantor. 

“Officer’s Certificate” means a certificate signed on behalf of the Issuer by an Officer of the Issuer, or, as
applicable, on behalf of a Guarantor by an Officer of such Guarantor (or if such Guarantor is a general partnership, one of the partners of such Guarantor). 

“Offshore Global Note” means a Global Note representing Notes issued and sold pursuant to Regulation S. 

“Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an
employee of or counsel to the Company or a Subsidiary of the Company. 
 “Outstanding” means, as of the date of
determination, all Notes theretofore authenticated and delivered under this Indenture, except: 
 (1) Notes theretofore
cancelled by the Trustee or delivered to the Trustee for cancellation; 

  
 20 

 (2) Notes for whose payment or redemption money in the necessary amount has
been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent); provided that if such Notes are to be
redeemed, notice of such redemption has been duly given pursuant to this Indenture; 
 (3) Notes that have been defeased
pursuant to the procedures specified in Article VIII; and 
 (4) Notes that have been paid in lieu of reissuance relating to
lost, stolen, destroyed or mutilated certificates, or in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Indenture; 

provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Notes have given any request,
demand, authorization, direction, notice, consent or waiver under this Indenture, Notes owned by the Issuer or any other obligor of the Notes or any Affiliate of the Issuer or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand,
authorization, direction, notice, consent or waiver, only Notes that a Responsible Officer of the Trustee knows to be so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee
establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Notes and that the pledgee is not the Issuer or any other obligor upon the Notes or any Affiliate of the Issuer or of such other obligor. 

“Permanent Offshore Global Note” means an Offshore Global Note that does not bear the Temporary Offshore Global Note Legend.

 “Permitted Investment” means: 

(1) any Investment in the Company or any of its Restricted Subsidiaries or any Person that will become a Restricted Subsidiary
as a result of such Investment; 
 (2) any Investment in cash or Cash Equivalents or Investment Grade Securities and
Investments that were Cash Equivalents or Investment Grade Securities when such Investments were made; 
 (3) any Investment
acquired after the Issue Date as a result of the acquisition by the Company or any Restricted Subsidiary of the Company of another Person, including by way of a merger, amalgamation or consolidation with or into the Company or any of its Restricted
Subsidiaries in a transaction that is not prohibited by Section 5.01, to the extent that such Investments were not made in anticipation or contemplation of such acquisition, merger, amalgamation or consolidation and were in existence on the
date of such acquisition, merger, amalgamation or consolidation or an Investment consisting of any extension, modification or renewal of any such Investment provided that the amount of any such Investment may be increased pursuant to such extension,
modification or renewal only (a) as required by the terms of such Investment or binding commitment as in existence on the date such Investment was acquired (including as a result of the accrual or accretion of interest or original issue
discount or the issuance of pay-in-kind securities) or (b) as otherwise permitted under this Indenture; 

  
 21 

 (4) any Investment in securities or other assets, including earn-outs, not
constituting Cash Equivalents or Investment Grade Securities and received in connection with an Asset Sale made pursuant to Section 4.08(a) or any other disposition of assets not constituting an Asset Sale; 

(5) any Investment existing on the Issue Date or an Investment consisting of any extension, modification or renewal of any such
Investment or made pursuant to binding commitments in effect on the Issue Date; 
 (6) any Investment acquired by the Company
or any of its Restricted Subsidiaries: 
 (A) consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business; 
 (B) in exchange for any other
Investment or accounts receivable, endorsements for collection or deposit held by the Company or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of such
other Investment or accounts receivable (including any trade counterparty or customer); 
 (C) in satisfaction of judgments
against other Persons; or 
 (D) as a result of a foreclosure by the Company or any of its Restricted Subsidiaries with
respect to any secured Investment or other transfer of title with respect to any secured Investment in default; 
 (7) Swap
Contracts permitted under Section 4.07(b)(10); 
 (8) Investments the payment for which consists of Equity Interests
(other than Disqualified Stock) of the Company; provided, however, that such Equity Interests will not increase the amount available for Restricted Payments under clause (C) of Section 4.05(a)(4); 

(9) guarantees of Indebtedness permitted under Section 4.07; 

(10) any transaction to the extent it constitutes an Investment that is permitted and made in accordance with the provisions of
Section 4.09(b) (except transactions described in clause (2), (4), (6), (9), (10), (13) or (14) of such Section); 

(11) Investments consisting of purchases and acquisitions of inventory, supplies, material or equipment; 

(12) additional Investments provided that after giving pro forma effect thereto (including, without limitation, the incurrence
of any Indebtedness to finance such Investment and the application of the net proceeds thereof) the Consolidated Net Leverage Ratio of the Company would not exceed 3.50 to 1.00, provided further that no Event of Default shall have occurred and be
continuing or would occur as a consequence thereof; 

  
 22 

 (13) Investments (including debt obligations and Equity Interests) received
in connection with the bankruptcy or reorganization of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers arising in the ordinary course of business or upon the foreclosure with
respect to any secured Investment or other transfer of title with respect to any secured Investment; 
 (14) Investments in
joint ventures of the Company or any of its Restricted Subsidiaries in any calendar year in an aggregate amount invested, taken together with all other amounts invested pursuant to this clause (14) in such calendar year that are at that time
outstanding not to exceed the greater of (x) $50.0 million and (y) 12.5% of LTM EBITDA; provided that in the event the Company or any of its Restricted Subsidiaries receives any dividend, distribution, interest payment, return of capital,
repayment or other amount received in cash or Cash Equivalents in respect of any Investment made pursuant to this clause (14), an amount equal to such dividend, distribution, interest payment, return of capital, repayment or other amount received in
cash or Cash Equivalents, not to exceed the original amount invested, shall be available for Investments under this clause (14) in the calendar year in which such return is received and thereafter; 

(15) loans and advances to, or guarantees of Indebtedness of, officers, directors and employees not in excess of
$5.0 million outstanding in any fiscal year, in the aggregate; 
 (16) advances, loans or extensions of trade credit in
the ordinary course of business by the Company or any of its Restricted Subsidiaries; 
 (17) any Investment in any
Subsidiary or any joint venture in connection with intercompany cash management arrangements or related activities arising in the ordinary course of business; 

(18) Investments consisting of purchases and acquisitions of assets or services in the ordinary course of business; 

(19) Investments made in the ordinary course of business in connection with obtaining, maintaining or renewing client contacts;

 (20) Investments in prepaid expenses, negotiable instruments held for collection and lease, utility and workers
compensation, performance and similar deposits entered into as a result of the operations of the business in the ordinary course of business; 

(21) repurchases of Notes; 

(22) Investments in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection
of deposit and Article 4 customary trade arrangements with customers; 

  
 23 

 (23) Investments by the Company or any Restricted Subsidiary in a
Receivables Subsidiary or any Investment by a Receivables Subsidiary in any other Person, in each case, as part of, pursuant to or in connection with Permitted Receivables Facility, including contributions of accounts receivable to a Receivables
Subsidiary, the retention of interests in accounts receivable contributed, sold, conveyed, transferred or otherwise disposed of to a Permitted Receivables Facility and Investments of funds held in accounts permitted or required by the arrangements
governing such Permitted Receivables Facility or any related Indebtedness; 
 (24) Investments in the ordinary course of
business in connection with joint marketing arrangements with another Person (including the licensing or contribution of intellectual property in connection therewith); 

(25) Investments made as part of the Transactions; 

(26) Investments resulting from pledges and/or deposits permitted by the definition of Permitted Liens; and 

(27) additional Investments having an aggregate fair market value, taken together with all other Investments made pursuant to
this clause (27) that are at that time outstanding, not to exceed the greater of (x) $100.0 million and (y) 25.0% of LTM EBITDA (with the fair market value of each Investment being measured at the time made and without giving effect to
subsequent changes in value). 
 “Permitted Liens” means, with respect to any Person: 

(1) pledges or deposits by such Person under workmen’s compensation laws, unemployment insurance laws or similar
legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits
of cash or U.S. government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case incurred in the ordinary course of business;

 (2) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in each case for sums not
yet overdue for a period of more than 30 days or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal
or other proceedings for review if adequate reserves with respect thereto are maintained on the books of such Person in accordance with GAAP; 

(3) Liens for taxes, assessments or other governmental charges not yet overdue for a period of more than 30 days or not yet
payable or subject to penalties for nonpayment or which are being contested in good faith by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of such Person to the extent required by
GAAP; 

  
 24 

 (4) Liens to secure the performance of statutory obligations or in favor of
issuers of performance, surety, bid or appeal bonds or with respect to other regulatory requirements or letters of credit issued pursuant to the request of and for the account of such Person in the ordinary course of its business; 

(5) survey exceptions, title defects, encumbrances, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real properties or Liens
incidental to the conduct of the business of such Person or to the ownership of its properties that, in all cases, were not incurred in connection with Indebtedness and that do not in the aggregate materially adversely affect the value of said
properties or materially impair their use in the operation of the business of such Person; 
 (6) Liens securing Indebtedness
permitted to be incurred pursuant to clause (4), (10) or (25) of Section 4.07(b); provided that (a) Liens securing Indebtedness permitted to be incurred pursuant to clause (4) of Section 4.07(b) extend only to the
assets or Capital Stock, the acquisition, lease, construction, repair, replacement or improvement of which is financed thereby and any replacements, additions and accessions thereto and any income or profits thereof and (b) Liens securing
Indebtedness permitted to be incurred pursuant to clause (25) of Section 4.07(b) extend only to the assets of such Foreign Subsidiaries; 

(7) Liens existing on the Issue Date; 

(8) Liens on property or shares of stock of a Person at the time such Person becomes a Subsidiary; provided,
however, such Liens are not created or incurred in connection with, or in anticipation or contemplation of, such other Person becoming such a Subsidiary; provided further, however, that such Liens may not extend to any other
property owned by the Company or any of its Restricted Subsidiaries (other than after-acquired property of the acquired Person of the same nature as the property that is the subject of such Lien at the time such Person becomes a Subsidiary); 

(9) Liens on property at the time the Company or a Restricted Subsidiary acquired the property, including any acquisition by
means of a merger or consolidation with or into the Company or any of its Restricted Subsidiaries; provided, however, that such Liens are not created or incurred in connection with, or in anticipation or contemplation of, such
acquisition; provided further, however, that the Liens may not extend to any other property owned by the Company or any of its Restricted Subsidiaries (other than after-acquired property of the acquired Person of the same nature as the
property that is the subject of such Lien at the time such Person becomes a Subsidiary); 
 (10) Liens securing Indebtedness
or other obligations of a Restricted Subsidiary owing to the Company or another Restricted Subsidiary permitted to be incurred in accordance with Section 4.07; 

(11) Liens on specific items of inventory of other goods and proceeds of any Person securing such Person’s obligations in
respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

  
 25 

 (12) leases, subleases, licenses or sublicenses granted to others in the
ordinary course of business that do not materially interfere with the ordinary conduct of the business of the Company or any of its Restricted Subsidiaries; 

(13) Liens arising from Uniform Commercial Code financing statement filings (or similar filings under applicable law) regarding
operating leases, consignment of goods or similar arrangements entered into by the Company and its Restricted Subsidiaries in the ordinary course of business and Liens of a collecting bank arising in the ordinary course of business under
Section 4-208 (or the applicable corresponding section) of the Uniform Commercial Code in effect in the relevant jurisdiction covering only the items being collected upon; 

(14) Liens in favor of the Company, the Issuer or any Subsidiary Guarantor; 

(15) Liens on equipment of the Company or any of its Restricted Subsidiaries granted in the ordinary course of business to the
Company’s clients; 
 (16) Liens to secure any refinancing, refunding, extension, renewal or replacement (or successive
refinancing, refunding, extension, renewal or replacement) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clause (6), (7), (8) or (9) of this definition to the extent that the Indebtedness secured
by such new Lien is an amount equal to the sum of (i) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clause (6), (7), (8) or (9) of this definition at the time the original Lien became
a Permitted Lien under this Indenture, and (ii) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension, renewal or replacement; provided, however, that in each case
such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such property) (provided that, with respect to any Lien originally incurred in reliance of the foregoing clause
(7) or (8), such new Lien may extend to the after-acquired property of the acquired Person of the same nature as the property that is the subject of such Lien at the time such Person becomes a Subsidiary); 

(17) deposits made in the ordinary course of business to secure liability to insurance carriers; 

(18) other Liens securing obligations not to exceed the greater of (x) $100.0 million and (y) 25.0% of LTM EBITDA in
aggregate principal amount at any one time outstanding; 
 (19) Liens securing Indebtedness of any non-Guarantor Restricted Subsidiary permitted to be incurred under this Indenture, to the extent such Liens relate only to the assets and properties of a non-Guarantor
Restricted Subsidiary (and for the avoidance of doubt, any Liens permitted by this clause (19) at the time of incurrence thereof shall continue to be permitted by this clause (19) if such
non-Guarantor Restricted Subsidiary later provides a Guarantee of the Notes); 

  
 26 

 (20) Liens securing judgments for the payment of money not constituting an
Event of Default under Section 6.01(e) so long as such Liens are adequately bonded and any appropriate legal proceedings that may have been duly initiated for the review of such judgment have not been finally terminated or the period within
which such proceedings may be initiated has not expired; 
 (21) Liens in favor of customs and revenue authorities arising as
a matter of law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business; 

(22) Liens (i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code or any comparable or
successor provision on items in the course of collection, (ii) attaching to commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business and (iii) in favor of banking institutions arising as
a matter of law encumbering deposits (including the right of setoff) and which are within the general parameters customary in the banking industry; 

(23) Liens deemed to exist in connection with Investments in repurchase agreements permitted under Section 4.07;
provided that such Liens do not extend to any assets other than those that are the subject of such repurchase agreement; 

(24) Liens that are contractual rights of setoff (i) relating to the establishment of depository relations with banks not
given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts or other cash management arrangements of the Company or any of its Restricted Subsidiaries to permit satisfaction of overdraft or similar
obligations incurred in the ordinary course of business of the Company and its Restricted Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of the Company or any of its Restricted Subsidiaries in
the ordinary course of business; 
 (25) Liens securing Indebtedness and other obligations to the extent permitted to be
incurred under Credit Facilities, including any letter of credit facility relating thereto, incurred pursuant to Section 4.07(b)(1); 

(26) any encumbrance or restriction (including put and call arrangements) with respect to Capital Stock of any joint venture or
similar arrangement pursuant to any joint venture or similar agreement; 
 (27) Liens arising out of conditional sale, title
retention, consignment or similar arrangements for the sale or purchase of goods entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business; 

(28) Liens solely on any cash earnest money deposits made by the Company or any of its Restricted Subsidiaries in connection
with any letter of intent or purchase agreement permitted hereunder; 

  
 27 

 (29) Liens securing the Notes (other than any Additional Notes) or the
Guarantees thereof; 
 (30) ground leases in respect of real property on which facilities owned or leased by the Company or
any of its Subsidiaries are located; 
 (31) Liens on insurance policies and the proceeds thereof securing the financing of
the premiums with respect thereto; 
 (32) Liens on Capital Stock of an Unrestricted Subsidiary that secure Indebtedness or
other obligations of such Unrestricted Subsidiary; 
 (33) Liens on cash advances in favor of the seller of any property to
be acquired in an Investment permitted under this Indenture to be applied against the purchase price for such Investment; 

(34) any interest or title of a lessor, sub-lessor, licensor or sub-licensor or secured by a lessor’s, sub-lessor’s, licensor’s or sub-licensor’s interest under leases or licenses
entered into by the Company or any of the Restricted Subsidiaries in the ordinary course of business; 
 (35) deposits of
cash with the owner or lessor of premises leased and operated by the Company or any of its Subsidiaries in the ordinary course of business of the Company and such Subsidiary to secure the performance of the Company’s or such Subsidiary’s
obligations under the terms of the lease for such premises; 
 (36) prior to the date on which a Permitted Investment is
consummated, Liens arising from any escrow arrangement pursuant to which the proceeds of any equity issuance or other funds, including Escrow Debt and any interest thereof, used to finance all or a portion of such Permitted Investment are required
to be held in escrow pending release to consummate such Permitted Investment; 
 (37) Liens in connection with contracts for
the sale of assets, including customary provisions with respect to a Restricted Subsidiary of the Company pursuant to an agreement that has been entered into for the sale or disposition of any Capital Stock or assets of such Subsidiary; 

(38) Liens on trusts, cash or Cash Equivalents or other funds in connection with the defeasance (whether by covenant or legal
defeasance), discharge or redemption of Indebtedness pending consummation of a strategic transaction, or similar obligations; provided that such defeasance, discharge or redemption is otherwise permitted by this Indenture; 

(39) Liens on accounts receivable and related assets of a Receivables Subsidiary, incurred in connection with a Permitted
Receivables Facility, in compliance with clause (24) of Section 4.07(b); and 
 (40) any Liens arising from the
Transactions. 

  
 28 

 In the event that a Permitted Lien meets the criteria of more than one of the types of
Permitted Liens (at the time of incurrence or at a later date), the Company in its sole discretion may divide, classify or from time to time reclassify all or any portion of such Permitted Lien in any manner that complies with this definition and
such Permitted Lien shall be treated as having been made pursuant only to the clause or clauses of the definition of Permitted Lien to which such Permitted Lien has been classified or reclassified. 

“Permitted Receivables Facility” means any program for the transfer by the Company or any of its Subsidiaries (other than a
Receivables Subsidiary), to any third-party buyer, purchaser or lender of interests in accounts receivable so long as the aggregate outstanding principal amount of Indebtedness incurred pursuant to such program shall not exceed $100.0 million
at any one time; provided that (i) no portion of the Indebtedness or any other obligation (contingent or otherwise) under such Permitted Receivables Facility shall be guaranteed by the Company or any of the Restricted Subsidiaries (other
than the Receivables Subsidiary), (ii) there shall be no recourse or obligation to the Company or any of the Restricted Subsidiaries (other than the Receivables Subsidiary) whatsoever other than pursuant to representations, warranties, covenants and
indemnities entered into in the ordinary course of business in connection with such Permitted Receivables Facility that in the determination of the Company (which determination shall be conclusive) are customary for securitization transactions and
(iii) neither the Company nor any of the Restricted Subsidiaries (other than the Receivables Subsidiary) shall have provided, either directly or indirectly, any other credit support of any kind in connection with such Permitted Receivables
Facility, other than as set forth in clause (ii) of this definition. 
 “Person” means any individual, corporation,
limited liability company, partnership, joint venture, association, joint stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Preferred Stock” means any Equity Interest with preferential rights of payment of dividends or upon liquidation,
dissolution, or winding up. 
 “Rating Agencies” means Moody’s and S&P or if Moody’s or S&P or both shall
not make a rating on the Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company which shall be substituted for Moody’s or S&P or both, as the case may be. 

“Receivables Subsidiary” means a special purpose entity established as a “bankruptcy remote” Subsidiary for the
sole purpose of acquiring accounts receivable under any Permitted Receivables Facility, which shall engage in no operations or activities other than those related to such Permitted Receivables Facility. 

“Regular Record Date” means the Record Dates specified in the Notes; provided that if any such date is not a Business Day,
the Record Date shall be the first day immediately preceding such specified day that is a Business Day. 
 “Regulation S”
means Regulation S promulgated under the Securities Act. 

  
 29 

 “Regulation S Certificate” means a certificate substantially in the form of
Exhibit E hereto. 
 “Responsible Officer” with respect to the Trustee, means any vice president, assistant vice president,
trust officer, assistant trust officer or any other officer of the Trustee within the corporate trust department of the Trustee who customarily performs functions similar to those performed by the above designated officers or to whom any corporate
trust matter is referred because of such Person’s knowledge of and familiarity with the particular subject, and who shall have direct responsibility for the administration of this Indenture. 

“Restricted Investment” means an Investment other than a Permitted Investment. 

“Restricted Legend” means the legend set forth in Exhibit C. 

“Restricted Period” means the 40-day distribution compliance period as defined in
Regulation S. 
 “Restricted Subsidiary” means, at any time, (i) the Issuer and (ii) any other direct or indirect
Subsidiary of the Company (including any Foreign Subsidiary and Foreign Subsidiary Holding Company) that is not then an Unrestricted Subsidiary. Upon an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be a
Restricted Subsidiary. 
 “Rule 144A” means Rule 144A under the Securities Act. 

“Rule 144A Certificate” means (i) a certificate substantially in the form of Exhibit F hereto or (ii) a written
certification addressed to the Company and the Trustee to the effect that the Person making such certification (x) is acquiring such Note (or beneficial interest) for its own account or one or more accounts with respect to which it exercises
sole investment discretion and that it and each such account is a qualified institutional buyer within the meaning of Rule 144A, (y) is aware that the transfer to it or exchange, as applicable, is being made in reliance upon the exemption from
the provisions of Section 5 of the Securities Act provided by Rule 144A, and (z) acknowledges that it has received such information regarding the Company as it has requested pursuant to Rule 144A(d)(4) or has determined not to request such
information. 
 “S&P” means S&P Global Ratings, a division of S&P Global Inc., and any successor to its rating
agency business. 
 “Sale and Lease-Back Transaction” means any arrangement providing for the leasing by the Company or any
of its Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred by the Company or such Restricted Subsidiary to a third Person in contemplation of such leasing. 

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

“Secured Indebtedness” means any Indebtedness of the Company or any of its Restricted Subsidiaries secured by a Lien. 

  
 30 

 “Securities Act” means the Securities Act of 1933, as amended, and the
rules and regulations of the SEC promulgated thereunder. 
 “Selling Securityholder” means UBS Securities, LLC, as selling
securityholder under the Purchase Agreement. 
 “Senior Indebtedness” means any Indebtedness of the Issuer or any Guarantor
that ranks equal in right of payment with the Notes or the Guarantee of such Guarantor, as the case may be. For the avoidance of doubt, any Indebtedness of the Issuer or any Guarantor that is permitted to be incurred under the terms of this
Indenture shall constitute Senior Indebtedness for the purposes of this Indenture unless the instrument under which such Indebtedness is incurred expressly provides that it is subordinate in right of payment to the Notes or any related Guarantee.

 “Senior Secured Credit Facilities” means the Credit Facilities provided under the Credit Agreement dated as of the Issue
Date, by and among Altra, and certain of its subsidiaries as borrowers, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the other agents and lenders party thereto, including any guarantees, collateral documents,
instruments and agreements executed in connection therewith, and any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof. 

“Significant Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” as defined in
Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date. 

“Similar Business” means any business conducted or proposed to be conducted by the Company and its Subsidiaries on the Issue
Date or any business that is similar, reasonably related, incidental or ancillary thereto or a reasonable extension, development or expansion of such business. 

“Stated Maturity Date” means, when used with respect to any Note, the date specified in such Note as the fixed date on which
an amount equal to the principal amount of such Note is due and payable. 
 “Subordinated Indebtedness” means, with respect
to the Notes, 
 (1) any Indebtedness of the Issuer that is by its terms subordinated in right of payment to the Notes, and

 (2) any Indebtedness of any Guarantor that is by its terms subordinated in right of payment to the Guarantee of such
entity of the Notes. 
 “Subsidiary” means, with respect to any Person: 

(1) any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company
or similar entity) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of
determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof; and 

  
 31 

 (2) any partnership, joint venture, limited liability company or similar
entity of which 
 (a) more than 50% of the capital accounts, distribution rights, total equity and voting interests or
general or limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general,
special or limited partnership or otherwise, and 
 (b) such Person or any Restricted Subsidiary of such Person is a general
partner or otherwise controls such entity. 
 “Subsidiary Guarantor” means each Subsidiary of the Company that Guarantees
the Notes in accordance with the terms of this Indenture. 
 “Swap Contract” means (a) any and all rate swap
transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or
forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap
transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to
any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and
Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or
liabilities under any Master Agreement. 
 “Synthetic Lease Obligation” means the monetary obligation of a Person under
(a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including Sale and Lease-Back
Transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without
regard to accounting treatment). 
 “Temporary Offshore Global Note” means an Offshore Global Note that bears the Temporary
Offshore Global Note Legend. 
 “Temporary Offshore Global Note Legend” means the legend set forth in Exhibit I. 

  
 32 

 “Transactions” shall have the meaning set forth under
“Transactions” in the Offering Memorandum. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as
amended. 
 “U.S. Global Note” means a Global Note that bears the Restricted Legend representing Notes issued and sold
pursuant to Rule 144A. 
 “Trustee” means the party named as such in the preamble to this Indenture until a successor
replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 

“Unrestricted Cash” means, at any time, all cash and Cash Equivalents held by the Company and its Restricted Subsidiaries at
such time; provided that such cash and Cash Equivalents (a) do not appear (and would not be required to appear) as “restricted” on a consolidated balance sheet of the Company prepared in conformity with GAAP (unless such
classification results solely from any Lien referred to in clause (b) below) and (b) are not controlled by or subject to any Lien or other preferential arrangement in favor of any creditor, other than Liens created under a Credit Facility.

 “Unrestricted Subsidiary” means: 

(1) any Subsidiary (other than the Issuer) of the Company that at the time of determination is an Unrestricted Subsidiary (as
designated by the Company, as provided below); and 
 (2) any Subsidiary of an Unrestricted Subsidiary (other than the
Issuer). 
 The Company may designate any Subsidiary of the Company (including any existing Subsidiary and any newly acquired or newly
formed Subsidiary), other than the Issuer, to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on, any property of, the Company or any Subsidiary
of the Company (other than solely any Subsidiary of the Subsidiary to be so designated); provided that 
 (a) such
designation complies with Section 4.05; and 
 (b) each of the Subsidiary to be so designated and its Subsidiaries has
not at the time of designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the
Company or any Restricted Subsidiary. 

  
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 The Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
provided that, immediately after giving effect to such designation, no Default shall have occurred and be continuing and either: 

(i) the Company could incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set
forth in Section 4.07(a); or 
 (ii) the Fixed Charge Coverage Ratio of the Company and its Restricted Subsidiaries
would be greater than such ratio of the Company and its Restricted Subsidiaries immediately prior to such designation, in each case on a pro forma basis taking into account such designation. 

Any such designation by the Company shall be notified by the Company to the Trustee by promptly filing with the Trustee a copy of the Board
Resolution of the Company or any committee thereof giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the foregoing provisions. 

Actions taken by an Unrestricted Subsidiary will not be deemed to have been taken, directly or indirectly, by the Company or any Restricted
Subsidiary. 
 “Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time
entitled to vote in the election of the board of directors of such Person. 
 “Weighted Average Life to Maturity” means,
when applied to any Indebtedness or Disqualified Stock, as the case may be, at any date, the number of years obtained by dividing: 

(1) the sum of the products of the number of years from the date of determination to the date of each successive scheduled
principal payment of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock multiplied by the amount of such payment; by 

(2) the sum of all such payments. 

Section 1.02 Other Definitions. 
  

			
	 Term
	  	 Defined in Section

	 “Acceptable Commitment”
	  	 4.08(b)(3)

	 “Affiliate Transaction”
	  	 4.09(a)

	 “Asset Sale Offer”
	  	 4.08(c)

	 “Authentication Order”
	  	 2.09

	 “Change of Control Offer”
	  	 4.11(a)

	 “Change of Control Payment”
	  	 4.11(a)

	 “Change of Control Payment Date”
	  	 4.11(a)(2)

	 “Covenant Defeasance”
	  	 8.03

	 “Covenant Suspension Event”
	  	 4.12(a)

	 “Debt Exchange Amount”
	  	 recitals

	 “Event of Default”
	  	 6.01

  
 34 

			
	 Term
	  	 Defined in Section

	 “Excess Proceeds Threshold”
	  	 4.08(c)

	 “Foreign Disposition”
	  	 4.08(d)

	 “Guaranteed Obligations”
	  	 10.01(a)

	 “incur”
	  	 4.07(a)

	 “Legal Defeasance”
	  	 8.02

	 “Note Register”
	  	 2.03

	 “Paying Agent”
	  	 2.03

	 “Refinancing Indebtedness”
	  	 4.07(b)(13)

	 “Refunding Capital Stock”
	  	 4.05(b)(2)

	 “Registrar”
	  	 2.03

	 “Restricted Payments”
	  	 4.05(a)

	 “Reversion Date”
	  	 4.12(c)

	 “Successor Issuer”
	  	 5.01(a)(1)

	 “Successor Company”
	  	 5.01(b)(1)

	 “Successor Person”
	  	 5.01(c)(1)(A)

	 “Suspended Covenants”
	  	 4.12(a)

	 “Suspension Date”
	  	 4.12(a)

	 “Suspension Period”
	  	 4.12(c)

	 “Treasury Capital Stock”
	  	 4.05(b)(2)

 Section 1.03 Rules of Construction. Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

(b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(c) “or” is not exclusive; 

(d) words in the singular include the plural, and in the plural include the singular; 

(e) references to sections of or rules under the Securities Act shall be deemed to include substitute, replacement or successor
sections or rules adopted by the SEC from time to time; 
 (f) the term “consolidated” with respect to any Person
refers to such Person consolidated with its Restricted Subsidiaries, and excludes from such consolidation any Unrestricted Subsidiary as if such Unrestricted Subsidiary were not an Affiliate of such Person; 

(g) when calculating the availability under any basket or ratio under this Indenture, in each case in connection with a Limited
Condition Acquisition, the calculation of such basket or ratio and determination as to whether any Default or Event of Default shall have occurred and be continuing may be made, at the option of the Issuer, at the time of (or on the basis of the
financial statements for the most recently 

  
 35 

 
ended applicable period at the time of) either of (x) the execution of the definitive agreement with respect to such Limited Condition Acquisition, or (y) the consummation of the
Limited Condition Acquisition and related incurrence of Indebtedness, in each case, after giving effect to the relevant Limited Condition Acquisition and related incurrence of Indebtedness, on a pro forma basis. If the Issuer has made such an
election to test at the time of the execution of the definitive agreement with respect to such Limited Condition Acquisition, then, in connection with any subsequent calculation of any ratio or test on or following the relevant determination date,
and prior to the earlier of (x) the date on which such Limited Condition Acquisition is consummated or (y) the date that the definitive agreement for such Limited Condition Acquisition is terminated or expires without consummation of such
Limited Condition Acquisition, any such ratio or test shall be calculated on (A) a pro forma basis assuming such Limited Condition Acquisition or any transactions in connection therewith (including any incurrence of Indebtedness, Liens and the
use of proceeds thereof) has been consummated, and also on (B) a standalone basis without giving effect to such Limited Condition Acquisition and any such transactions in connection therewith; and 

(h) notwithstanding anything in this Indenture to the contrary, with respect to any amounts incurred or transactions entered
into (or consummated) in reliance on a provision (or a subclause of any provision) that does not require compliance with a financial ratio (any such amounts, the “Fixed Amounts”) substantially concurrently with any such amounts
incurred or transactions entered into (or consummated) in reliance on a provision (or a subclause of any provision) of this Indenture that requires compliance with a financial ratio (including any Consolidated Net Leverage Ratio, Consolidated
Secured Net Leverage Ratio and the Fixed Charge Coverage Ratio) (any such amounts, the “Ratio-Based Amounts”), such Fixed Amounts shall be disregarded in the calculation of the financial ratio applicable to any substantially
concurrent utilization of the Ratio-Based Amounts within the same covenant. 
 Article II 

THE NOTES 

Section 2.01 Form, Dating and Denominations; Legends. 

(a) The Notes and the Trustee’s certificate of authentication will be substantially in the form attached as Exhibit
A. The terms and provisions contained in the form of the Notes annexed as Exhibit A constitute, and are hereby expressly made, a part of the Indenture. The Notes may have notations, legends or endorsements required by law, rules of or
agreements with national securities exchanges to which the Issuer is subject, or usage. Each Note will be dated the date of its authentication. The Notes will be issuable in denominations of $2,000 in principal amount and integral multiples of
$1,000 in excess thereof. 

  
 36 

 (b) (1) Except as otherwise provided in paragraph (c),
Section 2.07(b)(3), (b)(5), or (c)(1) or Section 2.06(b)(4), each Initial Note or Additional Note (other than a Permanent Offshore Global Note) will bear the Restricted Legend. 

(2) Each Global Note, whether or not an Initial Note or Additional Note, will bear the DTC Legend. 

(3) Each Temporary Offshore Global Note will bear the Temporary Offshore Global Note Legend. 

(4) Initial Notes and Additional Notes offered and sold in reliance on Regulation S will be issued as provided in
Section 2.08(a). 
 (5) Each Initial Note or Additional Note offered and sold in reliance on any
exemption from the registration requirements under the Securities Act (other than Regulation S and Rule 144A) will be issued, and upon the request of the Issuer to the Trustee, any Initial Note or Additional Note offered and sold in reliance on Rule
144A may be issued, in the form of Certificated Notes. 
 (6) Each Initial Note or Additional Note sold to Institutional
Accredited Investors will be in the form of an IAI Global Note. 
 (7) Notwithstanding the foregoing, the Initial Note
representing the Debt Exchange Amount issued to Fortive on the Issue Date, and the subsequent issuance of any Note upon transfer of such Initial Note to the Selling Securityholder and to the Initial Purchaser, on the date of this Indenture, shall
each be in the form of a Certificated Note. On the date of this Indenture, the Issuer shall instruct the Trustee to, and the Trustee shall, exchange any Certificated Note held by the Initial Purchasers for a corresponding beneficial interest in one
or more Global Notes issued under this Indenture. 
 (c) If the Issuer determines (upon the advice of counsel and such other
certifications and evidence as the Issuer may reasonably require) that a Note is eligible for resale pursuant to Rule 144 under the Securities Act (or a successor provision) without the need for current public information and that the Restricted
Legend is no longer necessary or appropriate in order to ensure that subsequent transfers of the Note (or a beneficial interest therein) are effected in compliance with the Securities Act, the Issuer may instruct the Trustee to cancel the Note and
issue to the Holder thereof (or to its transferee) a new Note of like tenor and amount, registered in the name of the Holder thereof (or its transferee), that does not bear the Restricted Legend, and the Trustee will comply with such instruction.

 (d) By its acceptance of any Note bearing the Restricted Legend (or any beneficial interest in such a Note), each Holder
thereof and each owner of a beneficial interest therein acknowledges the restrictions on transfer of such Note (and any such beneficial interest) set forth in this Indenture and in the Restricted Legend and agrees that it will transfer such Note
(and any such beneficial interest) only in accordance with the Indenture and such legend. 

  
 37 

 Section 2.02 Execution and Authentication; Additional Notes. 

(a) An Officer shall execute the Notes for the Issuer by facsimile or manual signature in the name and on behalf of the Issuer.
If an Officer whose signature is on a Note no longer holds that office at the time the Note is authenticated, the Note will still be valid. 

(b) A Note will not be valid until the Trustee manually signs the certificate of authentication on the Note, with the signature
conclusive evidence that the Note has been authenticated under this Indenture. 
 (c) At any time and from time to time after
the execution and delivery of the Indenture, the Issuer may deliver Notes executed by the Issuer to the Trustee for authentication. The Trustee will authenticate and deliver: 

(1) Initial Notes for original issue in the aggregate principal amount not to exceed $400,000,000, and 

(2) Additional Notes from time to time for original issue in aggregate principal amounts specified by the Issuer, 

after the following conditions have been met: 

(A) Receipt by the Trustee of an Issuer Order specifying: 

(1) the amount of Notes to be authenticated and the date on which the Notes are to be authenticated; 

(2) whether the Notes are to be Initial Notes or Additional Notes; 

(3) in the case of Additional Notes, that the issuance of such Notes does not contravene any provision of Article 4;

 (4) whether the Notes are to be issued as one or more Global Notes or Certificated Notes; and 

(5) other information the Issuer may determine to include or the Trustee may reasonably request. 

(B) Receipt by the Trustee of an Opinion of Counsel that the Initial Notes or Additional Notes, as applicable, are legal, valid
and binding obligations of the Issuer enforceable against them in accordance with its terms. 
 (d) The Initial Notes and any
Additional Notes will be treated as a single class for all purposes under this Indenture and will vote together as a single class on all matters with respect to the Notes; provided, however, that if any such Additional Notes are not fungible
with the Initial Notes for U.S. federal income tax purposes, such Additional Notes will have a separate CUSIP number. 

  
 38 

 (e) Receipt by the Trustee of an Officer’s Certificate pursuant to
Section 11.04(a). 
 Section 2.03 Registrar and Paying Agent. 

The Issuer shall maintain an office or agency where Notes may be presented for registration of transfer or for exchange (the
“Registrar”) and an office or agency where Notes may be presented for payment (the “Paying Agent”). The Registrar shall keep a register of the Notes (the “Note Register”) and of their transfer and
exchange. The Issuer may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the
term “Paying Agent” includes any additional paying agent. The Issuer may change any Paying Agent or Registrar without notice to any Holder but upon written notice to such Registrar or Paying Agent and to the Trustee; provided,
however, that no such removal shall become effective until acceptance of any appointment by a successor as evidenced by an appropriate agreement entered into by the Issuer and such successor Registrar or Paying Agent, as the case may be, and
delivered to the Trustee and the passage of any waiting or notice periods required by DTC procedures. The Registrar or Paying Agent may resign at any time upon written notice to the Issuer and the Trustee. The Issuer shall notify the Trustee in
writing of the name and address of any Agent not a party to this Indenture. If the Issuer fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Issuer or any of its Subsidiaries may act as
Paying Agent or Registrar. 
 The Issuer initially appoints DTC to act as Depositary with respect to the Global Notes. 

The Issuer initially appoints the Trustee to act as the Paying Agent and Registrar for the Notes. The Trustee will also act as Custodian for
the Depositary with respect to the Global Notes. 
 Notwithstanding the foregoing, on the Issue Date, the Issuer shall act as the transfer
agent solely with respect to (i) the transfer of the Initial Note representing the Debt Exchange Amount to the Selling Securityholder and (ii) the subsequent transfer of such Initial Note from the Selling Securityholder to the Initial
Purchasers. 
 Section 2.04 Paying Agent to Hold Money in Trust. 

The Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the benefit
of Holders or the Trustee all money held by the Paying Agent for the payment of principal, premium, if any, or interest on the Notes, and shall notify the Trustee in writing of any default by the Issuer in making any such payment. While any such
default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuer at any time may require a Paying Agent to pay all money held by it relating to the Notes to the Trustee. Upon payment over to the
Trustee, the Paying Agent (if other than the Issuer or one of its Subsidiaries) shall have no further liability for the money. If the Issuer or one of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for
the benefit of the Holders all money held by it as Paying Agent. Upon any Event of Default under Sections 6.01(f) or (g) hereof, the Trustee shall serve as Paying Agent for the Notes. 

  
 39 

 Section 2.05 Holder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses
of all Holders and shall otherwise comply with Section 312(a) of the Trust Indenture Act. If the Trustee is not the Registrar, the Issuer shall furnish to the Trustee at least two Business Days before each Interest Payment Date and at such
other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders of Notes and the Issuer shall otherwise comply with Section 312(a) of the
Trust Indenture Act. 
 Section 2.06 Registration, Transfer and Exchange.  

(a) The Notes will be issued in registered form only, without coupons, and the Issuer shall cause the Trustee to maintain the
Note Register, for registering the record ownership of the Notes by the Holders and transfers and exchanges of the Notes. 

(b) (1) Each Global Note will be registered in the name of the Depositary or its nominee and, so long as DTC is serving as the
Depositary thereof, will bear the DTC Legend. 
 (2) Each Global Note will be delivered to the Trustee as custodian for the
Depositary. Transfers of a Global Note (but not a beneficial interest therein) will be limited to transfers thereof in whole, but not in part, to the Depositary, its successors or their respective nominees, except (1) as set forth in
Section 2.06(b)(4) and (2) transfers of portions thereof in the form of Certificated Notes may be made upon request of an Agent Member (for itself or on behalf of a beneficial owner) by written notice given to the Trustee by or on behalf
of the Depositary in accordance with customary procedures of the Depositary and in compliance with this Section and Section 2.07. 

(3) Agent Members will have no rights under this Indenture with respect to any Global Note held on their behalf by the
Depositary, and the Depositary may be treated by the Issuer, the Trustee and any agent of the Issuer or the Trustee as the absolute owner and Holder of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, the Depositary or
its nominee may grant proxies and otherwise authorize any Person (including any Agent Member and any Person that holds a beneficial interest in a Global Note through an Agent Member) to take any action which a Holder is entitled to take under the
Indenture or the Notes, and nothing herein will impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of the rights of a holder of any security. 

(4) If (x) the Depositary (i) notifies the Issuer that it is unwilling or unable to continue as Depositary for a
Global Note or (ii) ceases to be registered as a clearing agency under the Exchange Act, and, in each case, a successor depositary is not appointed by the Issuer within 90 days or (y) an Event of Default has occurred and is continuing and
the Trustee has received a request from the Depositary, the Trustee will promptly exchange each beneficial interest in the Global Note for one or more Certificated Notes in authorized denominations having an equal aggregate principal amount
registered in the name of the owner of such beneficial interest, as identified to the 

  
 40 

 
Trustee by the Depositary, and thereupon the Global Note will be deemed canceled. If such Note does not bear the Restricted Legend, then the Certificated Notes issued in exchange therefor will
not bear the Restricted Legend. If such Note bears the Restricted Legend, then the Certificated Notes issued in exchange therefor will bear the Restricted Legend, provided that any Holder of any such Certificated Note issued in exchange for a
beneficial interest in a Temporary Offshore Global Note will have the right upon presentation to the Trustee of a duly completed Certificate of Beneficial Ownership after the Restricted Period to exchange such Certificated Note for a Certificated
Note of like tenor and amount that does not bear the Restricted Legend, registered in the name of such Holder. 
 (c) Each
Certificated Note will be registered in the name of the holder thereof or its nominee. 
 (d) A Holder may transfer a Note
(or a beneficial interest therein) to another Person or exchange a Note (or a beneficial interest therein) for another Note or Notes of any authorized denomination by presenting to the Trustee a written request therefor stating the name of the
proposed transferee or requesting such an exchange, accompanied by any certification, opinion or other document required by Section 2.07. The Trustee will promptly register any transfer or exchange that meets the requirements of this Section by
noting the same in the register maintained by the Trustee for the purpose; provided that (x) no transfer or exchange will be effective until it is registered in such register and (y) the Trustee will not be required (i) to
issue, register the transfer of or exchange any Note for a period of 15 days before a selection of Notes to be redeemed or purchased pursuant to an Asset Sale Offer or Change of Control Offer, (ii) to register the transfer of or exchange any
Note so selected for redemption or purchase in whole or in part, except, in the case of a partial redemption or purchase, that portion of any Note not being redeemed or purchased, or (iii) if a redemption or a purchase pursuant to an Asset Sale
Offer or Change of Control Offer is to occur after a Regular Record Date but on or before the corresponding Interest Payment Date, to register the transfer of or exchange any Note on or after the Regular Record Date and before the date of redemption
or purchase. Prior to the registration of any transfer, the Issuer, the Trustee and their agents will treat the Person in whose name the Note is registered as the owner and Holder thereof for all purposes (whether or not the Note is overdue), and
will not be affected by notice to the contrary. 
 From time to time the Issuer will execute and the Trustee will authenticate Additional
Notes as necessary in order to permit the registration of a transfer or exchange in accordance with this Section. 
 No service charge will
be imposed in connection with any transfer or exchange of any Note, but the Issuer may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than a transfer tax or other
similar governmental charge payable upon exchange pursuant to subsection (b)(4)). 

  
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 (e) (1) Global Note to Global Note. If a beneficial interest in a
Global Note is transferred or exchanged for a beneficial interest in another Global Note, the Trustee will (x) record a decrease in the principal amount of the Global Note being transferred or exchanged equal to the principal amount of such
transfer or exchange and (y) record a like increase in the principal amount of the other Global Note. Any beneficial interest in one Global Note that is transferred to a Person who takes delivery in the form of an interest in another Global
Note, or exchanged for an interest in another Global Note, will, upon transfer or exchange, cease to be an interest in such Global Note and become an interest in the other Global Note and, accordingly, will thereafter be subject to all transfer and
exchange restrictions, if any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an interest. 

(2) Global Note to Certificated Note. If a beneficial interest in a Global Note is transferred or exchanged for a
Certificated Note, the Trustee will (x) record a decrease in the principal amount of such Global Note equal to the principal amount of such transfer or exchange and (y) deliver one or more new Certificated Notes in authorized denominations
having an equal aggregate principal amount to the transferee (in the case of a transfer) or the owner of such beneficial interest (in the case of an exchange), registered in the name of such transferee or owner, as applicable. 

(3) Certificated Note to Global Note. If a Certificated Note is transferred or exchanged for a beneficial interest in a
Global Note, the Trustee will (x) cancel such Certificated Note, (y) record an increase in the principal amount of such Global Note equal to the principal amount of such transfer or exchange and (z) in the event that such transfer or
exchange involves less than the entire principal amount of the canceled Certificated Note, deliver to the Holder thereof one or more new Certificated Notes in authorized denominations having an aggregate principal amount equal to the untransferred
or unexchanged portion of the canceled Certificated Note, registered in the name of the Holder thereof. 
 (4)
Certificated Note to Certificated Note. If a Certificated Note is transferred or exchanged for another Certificated Note, the Trustee will (x) cancel the Certificated Note being transferred or exchanged, (y) deliver one or more new
Certificated Notes in authorized denominations having an aggregate principal amount equal to the principal amount of such transfer or exchange to the transferee (in the case of a transfer) or the Holder of the canceled Certificated Note (in the case
of an exchange), registered in the name of such transferee or Holder, as applicable, and (z) if such transfer or exchange involves less than the entire principal amount of the canceled Certificated Note, deliver to the Holder thereof one or
more Certificated Notes in authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Certificated Note, registered in the name of the Holder thereof. 

(f) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed
under this 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 Indenture, and to examine the same to determine substantial compliance as to form with the express
requirements hereof. 

  
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 (g) Neither the Trustee nor any Agent shall have any responsibility for any actions taken or
not taken by the Depositary. 
 Section 2.07 Restrictions on Transfer and Exchange.  

(a) The transfer or exchange of any Note (or a beneficial interest therein) may only be made in accordance with this
Section 2.07 and, in the case of a Global Note (or a beneficial interest therein), the applicable rules and procedures of the Depositary. The Trustee shall refuse to register any requested transfer or exchange that does not comply with the
preceding sentence. 
 (b) Subject to paragraph (c), the transfer or exchange of any Note (or a beneficial interest therein)
of the type set forth in column A below for a Note (or a beneficial interest therein) of the type set forth opposite in column B below may only be made in compliance with the certification requirements (if any) described in the clause of this
paragraph set forth opposite in column C below. 
  

							
	A	  	B	  	C	 
	 U.S. Global Note
	  	U.S. Global Note	  	 	(1	) 
	 U.S. Global Note
	  	Offshore Global Note	  	 	(2	) 
	 U.S. Global Note
	  	Certificated Note	  	 	(3	) 
	 Offshore Global Note
	  	U.S. Global Note	  	 	(4	) 
	 Offshore Global Note
	  	Offshore Global Note	  	 	(1	) 
	 Offshore Global Note
	  	Certificated Note	  	 	(5	) 
	 Certificated Note
	  	U.S. Global Note	  	 	(4	) 
	 Certificated Note
	  	Offshore Global Note	  	 	(2	) 
	 Certificated Note
	  	Certificated Note	  	 	(3	) 

 (1) No certification is required, subject to the Trustee’s applicable requirements. 

(2) The Person requesting the transfer or exchange must deliver or cause to be delivered to the Trustee a duly completed
Regulation S Certificate; provided that if the requested transfer or exchange is made by the Holder of a Certificated Note that does not bear the Restricted Legend, then no certification is required. 

(3) The Person requesting the transfer or exchange must deliver or cause to be delivered to the Trustee (x) a duly
completed Rule 144A Certificate, (y) a duly completed Regulation S Certificate or (z) a duly completed Institutional Accredited Investor Certificate, and/or an Opinion of Counsel and such other certifications and evidence as the Issuer may
reasonably require in order to determine that the proposed transfer or exchange is being made in compliance with the Securities Act and any applicable securities laws of any state of the United States; provided that if the requested transfer
or exchange is made by the Holder of a Certificated Note that does not bear the Restricted 

  
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Legend, then no certification is required. In the event that (i) the requested transfer or exchange takes place after the Restricted Period and a duly completed Regulation S Certificate is
delivered to the Trustee or (ii) a Certificated Note that does not bear the Restricted Legend is surrendered for transfer or exchange, upon transfer or exchange the Trustee will deliver a Certificated Note that does not bear the Restricted
Legend. 
 (4) The Person requesting the transfer or exchange must deliver or cause to be delivered to the Trustee a duly
completed Rule 144A Certificate. 
 (5) Notwithstanding anything to the contrary contained herein, no such exchange is
permitted if the requested exchange involves a beneficial interest in a Temporary Offshore Global Note. If the requested transfer involves a beneficial interest in a Temporary Offshore Global Note, the Person requesting the transfer must deliver or
cause to be delivered to the Trustee (x) a duly completed Rule 144A Certificate or (y) a duly completed Institutional Accredited Investor Certificate and/or an Opinion of Counsel and such other certifications and evidence as the Issuer may
reasonably require in order to determine that the proposed transfer is being made in compliance with the Securities Act and any applicable securities laws of any state of the United States. If the requested transfer or exchange involves a beneficial
interest in a Permanent Offshore Global Note, no certification is required and the Trustee will deliver a Certificated Note that does not bear the Restricted Legend. 

(c) No certification is required in connection with any transfer or exchange of any Note (or a beneficial interest therein):

 (1) after such time (if any) as the Issuer determines that the Notes are eligible for resale pursuant to Rule 144 under
the Securities Act (or a successor provision) without the need for current public information; provided that the Company has provided the Trustee with an Officers’ Certificate to that effect, and the Company may require from any Person
requesting a transfer or exchange in reliance upon this clause (1) an Opinion of Counsel and any other reasonable certifications and evidence in order to support such certificate; or 

(2) any transfers of Certificated Notes to the Selling Securityholder or to the Initial Purchasers, and any exchanges of
Certificated Notes for one or more Global Notes by the Initial Purchasers, in each case on the date of this Indenture. 
 Any
Certificated Note delivered in reliance upon clause (1) will not bear the Restricted Legend. 
 (d) The Trustee will
retain copies of all certificates, opinions and other documents received in connection with the transfer or exchange of a Note (or a beneficial interest therein), and the Issuer will have the right to inspect and make copies thereof at any
reasonable time upon written notice to the Trustee. 

  
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 Section 2.08 Reg. S Temporary Offshore Global Notes.  

(a) Each Note originally sold by the Initial Purchasers in reliance upon Regulation S will be evidenced by one or more Offshore Global Notes
that bear the Temporary Offshore Global Note Legend. 
 (b) An owner of a beneficial interest in a Temporary Offshore Global Note (or a
Person acting on behalf of such an owner) may provide to the Trustee (and the Trustee will accept) a duly completed Certificate of Beneficial Ownership at any time after the Restricted Period (it being understood that the Trustee will not accept any
such certificate during the Restricted Period). Promptly after acceptance of a Certificate of Beneficial Ownership with respect to such a beneficial interest, the Trustee will cause such beneficial interest to be exchanged for an equivalent
beneficial interest in a Permanent Offshore Global Note, and will (x) permanently reduce the principal amount of such Temporary Offshore Global Note by the amount of such beneficial interest and (y) increase the principal amount of such
Permanent Offshore Global Note by the amount of such beneficial interest. 
 (c) Notwithstanding paragraph (b), if after the Restricted
Period any Initial Purchaser owns a beneficial interest in a Temporary Offshore Global Note, such Initial Purchaser may, upon written request to the Trustee accompanied by a certification as to its status as an Initial Purchaser, exchange such
beneficial interest for an equivalent beneficial interest in a Permanent Offshore Global Note, and the Trustee will comply with such request and will (x) permanently reduce the principal amount of such Temporary Offshore Global Note by the
amount of such beneficial interest and (y) increase the principal amount of such Permanent Offshore Global Note by the amount of such beneficial interest. 

(d) Notwithstanding anything to the contrary contained herein, any owner of a beneficial interest in a Temporary Offshore Global Note shall not
be entitled to receive payment of principal or interest on such beneficial interest or other amounts in respect of such beneficial interest until such beneficial interest is exchanged for an interest in a Permanent Offshore Global Note or
transferred for an interest in another Global Note or a Certificated Note. 
 Section 2.09 Replacement Notes. 

If any mutilated Note is surrendered to the Trustee, the Registrar or the Issuer and the Trustee and the Issuer receive evidence to their
satisfaction of the ownership and destruction, loss or theft of any Note, the Issuer shall issue and the Trustee, upon receipt of a written order of the Issuer directing authentication (an “Authentication Order”), shall authenticate
a replacement Note if the Trustee’s and the Issuer’s requirements are met. An indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Issuer to protect the Issuer, the Trustee, the Registrar
and the Paying Agent and any authenticating agent from any loss that any of them may suffer if a Note is replaced. At the Issuer’s request, such Holder shall reimburse the Issuer for its expenses in replacing a Note. 

Every replacement Note issued in accordance with this Section 2.09 is a contractual obligation of the Issuer and shall be entitled to all
of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 

  
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 Section 2.10 Outstanding Notes. 

The Notes Outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.10 as not Outstanding. Except as set forth in Section 2.10 hereof, a
Note does not cease to be Outstanding because the Issuer or an Affiliate of the Issuer holds the Note. 
 If a Note is replaced pursuant to
Section 2.09 hereof, it ceases to be Outstanding unless the Trustee receives proof satisfactory to it that the replaced Note is held by a bona fide purchaser. 

If the principal amount of any Note is considered paid under Section 4.01 hereof, it ceases to be Outstanding and interest on it ceases
to accrue. 
 If the Paying Agent (other than the Issuer, a Subsidiary or an Affiliate of any thereof) holds, on a redemption date or
Maturity Date, money sufficient to pay Notes payable on that date, then on and after that date such Notes shall be deemed to be no longer Outstanding and shall cease to accrue interest. 

Section 2.11 Treasury Notes. 

In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by
the Issuer, or by any Affiliate of the Issuer, shall be considered as though not Outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that a
Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Notes so owned that have been pledged in good faith shall not be disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s
right to deliver any such direction, waiver or consent with respect to the pledged Notes and that the pledgee is not the Issuer or any obligor upon the Notes or any Affiliate of the Issuer or of such other obligor. 

Section 2.12 Temporary Notes. 

Until certificates representing Notes are ready for delivery, the Issuer may prepare and the Trustee, upon receipt of an Authentication Order,
shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of Certificated Notes but may have variations that the Issuer considers appropriate for temporary Notes. Without unreasonable delay, the Issuer shall prepare and
the Trustee shall authenticate certificated Notes in exchange for temporary Notes. 
 Holders and beneficial holders, as the case may be, of
temporary Notes shall be entitled to all of the benefits accorded to Holders, or beneficial holders, respectively, of Notes under this Indenture. 

Section 2.13 Cancellation. 

The Issuer at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Notes
surrendered to them for registration of transfer, exchange or payment. The Trustee or, at the direction of the Trustee, the Registrar or 

  
 46 

 
the Paying Agent and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall dispose of cancelled Notes in accordance
with its customary procedures (subject to the record retention requirement of the Exchange Act). The Issuer may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 

Section 2.14 Defaulted Interest. 

If the Issuer defaults in a payment of interest on the Notes, the Issuer shall pay the defaulted interest in any lawful manner plus, to the
extent lawful, interest payable on the defaulted interest to the Persons who are Holders on a special record date, which may be after the existing record date, in each case at the rate provided in the Notes and in Section 4.01 hereof. The
Issuer shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment. The Trustee shall fix or cause to be fixed each such special record date and payment date;
provided that no such special record date shall be less than 10 days prior to the related payment date for such defaulted interest. The Trustee shall promptly notify the Issuer of such special record date and in any event at least
20 days before such special record date. At least 15 days before the special record date, the Issuer (or, upon the written request of the Issuer, the Trustee in the name and at the expense of the Issuer) shall send or cause to be sent, via
electronic transmission or by first-class postage prepaid, to each Holder a notice at his or her address as it appears in the Note Register that states the special record date, the related payment date and the amount of such interest to be paid.

 Subject to the foregoing provisions of this Section 2.14 and for greater certainty, each Note delivered under this Indenture upon
registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 

Section 2.15 CUSIP or ISIN Numbers. 

The Issuer in issuing the Notes may use CUSIP or ISIN numbers (if then generally in use) and, if so, the Trustee shall use CUSIP or ISIN
numbers in notices, including notices of redemption, exchange or offers to purchase as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on
the Notes or as contained in any notice and that reliance may be placed only on the other identification numbers printed on the Notes, and any related redemption, exchange or offers to purchase shall not be affected by any defect in or omission of
such numbers. The Issuer will as promptly as practicable notify the Trustee in writing of any change in the CUSIP or ISIN numbers. Additional Notes issued under this Indenture may have the same or differing CUSIP or ISIN numbers as those given to
the Initial Notes. 
 Section 2.16 Benefits of Indenture. 

Nothing in this Indenture or in the Notes, express or implied, shall give or be construed to give to any Person, other than the parties hereto
and the Holders of the Notes, any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole
benefit of the parties hereto and of the Holders of the Notes. 

  
 47 

 Without limiting the generality of the foregoing, Agent Members shall have no rights under
this Indenture with respect to any Global Note held on their behalf by DTC or by the Custodian as the custodian of DTC or under such Global Note, and DTC may be treated by the Issuer, the Trustee, and any agent of the Issuer or the Trustee as the
absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer or the Trustee or any agent of the Issuer or the Trustee from giving effect to any written certification, proxy or
other authorization furnished by DTC or impair, as between DTC and its Agent Members, the operation of customary practices of DTC governing the exercise of the rights of a holder of a beneficial interest in any Global Note. 

Article III 
 REDEMPTION AND
PREPAYMENT 
 Section 3.01 Notices to Trustee. The Issuer may redeem and pay the Notes or may covenant to redeem and pay the
Notes or any part thereof prior to the Stated Maturity Date thereof at such time and on such terms as provided for in this Indenture. If a Note is redeemable and the Issuer wants or is obligated to redeem prior to the Stated Maturity Date thereof
all or part of the Notes pursuant to the terms of this Indenture, the Issuer shall notify the Trustee in writing of the redemption date and the principal amount of the Notes to be redeemed and the redemption price. Except as otherwise provided in
Section 3.03, the Issuer shall give such written notice to the Trustee in the form of an Officer’s Certificate at least 10 days before notice of redemption is required to be sent or caused to be sent to Holders pursuant to
Section 3.03 hereof unless the Trustee consents to a shorter period. 
 Section 3.02 Selection of Notes To Be Redeemed. If
less than all of the Notes are to be redeemed or purchased in an offer to purchase at any time, the Notes to be redeemed or purchased shall be selected by lot or by such other method as may be prescribed by DTC’s applicable procedures. 

No Notes of $2,000 of principal amount or less will be redeemed in part. Except as provided in the two preceding sentences, provisions of this
Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. The selection shall be made from Outstanding Notes not previously called for redemption. 

If any Note is to be redeemed in part only, the notice of redemption that relates to such Note shall state the portion of the principal amount
of that Note to be redeemed. A new Note in a principal amount equal to the unredeemed portion of the original Note presented for redemption will be issued in the name of the Holder thereof upon cancellation of the original Note. On and after the
redemption date, interest ceases to accrue on Notes or portions of them called for redemption. 
 Section 3.03 Notice of
Redemption. At least 15 days but not more than 60 days before a redemption date, the Issuer shall deliver electronically or mail or cause to be mailed, by first-class mail, postage prepaid (or otherwise delivered in accordance with the
procedures of DTC), a notice of redemption to each Holder whose Notes are to be redeemed at its registered address. 

  
 48 

 The notice shall identify the Notes to be redeemed and shall state: 

(a) the redemption date and any conditions to such redemption; 

(b) the redemption price, which will include interest accrued and unpaid to the date fixed for redemption; 

(c) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the
redemption date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original Note; 

(d) the name and address of the Paying Agent; 

(e) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(f) that, unless the Issuer defaults in making such redemption payment and (subject to any conditions specified in the notice),
or the Paying Agent is prohibited from making such payment pursuant to the terms of this Indenture, interest on Notes (or portion thereof) called for redemption ceases to accrue on and after the redemption date; 

(g) the paragraph of the Notes or provision of this Indenture or any supplemental indenture pursuant to which the Notes called
for redemption are being redeemed; 
 (h) the CUSIP number, or ISIN, if any, printed on the Notes being redeemed; 

(i) any applicable conditions precedent; 

(j) whether payment of the redemption price and the performance of the Issuer’s obligations with respect to such
redemption will be performed by another Person; and 
 (k) that no representation is made as to the correctness or accuracy
of the CUSIP number, or ISIN, if any, listed in such notice or printed on the Notes. 
 At the Issuer’s request, the Trustee shall give
the notice of redemption in the Issuer’s name and at its expense; provided, however, that the Issuer shall deliver to the Trustee, at least 10 days prior to the intended delivery or mailing of any such notice (or such shorter
period as may be acceptable to the Trustee), an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice as required by this Section. 

  
 49 

 Section 3.04 Effect of Notice of Redemption. Once notice of redemption is
delivered or mailed in accordance with Section 3.03 hereof and any conditions set forth therein have been satisfied (or waived by the Issuer), Notes called for redemption become due and payable on the redemption date at the redemption price,
subject to the following paragraph. Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder. 

Any redemption and notice of redemption may, at the Issuer’s discretion, be subject to the satisfaction of one or more conditions
precedent. If such redemption or purchase is subject to satisfaction of one or more conditions precedent, such written notice shall describe each such condition, and if applicable, shall state that, in the Issuer’s discretion, the redemption
date may be delayed until such time (including more than 60 days after the date the notice of redemption was mailed or delivered, including by electronic transmission) as any or all such conditions shall be satisfied (or waived by the Issuer), or
such redemption or purchase may not occur and such written notice may be rescinded in the event that any or all such conditions shall not have been satisfied (or waived by the Issuer) by the redemption date, or by the redemption date as so delayed,
or such written notice may be rescinded at any time in the Issuer’s discretion if in the good faith judgment of the Issuer any or all of such conditions will not be satisfied. In addition, the Issuer may provide in such written notice that
payment of the redemption price and performance of the Issuer’s obligations with respect to such redemption may be performed by another person. 

Section 3.05 Deposit of Redemption Price. No later than 12:00 p.m. local time on the redemption date in the place of payment of
such redemption, the Issuer shall deposit with the Trustee or with the applicable Paying Agent money in U.S. dollars sufficient to pay the redemption price of and accrued and unpaid interest on all Notes (or portions of Notes) to be redeemed on that
date. Neither the Trustee nor the applicable Paying Agent shall be obligated to make payments to Holders or the Depositary without receipt of such sufficient funds. The Trustee or the Paying Agent shall as promptly as practicable return to the
Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in excess of the amounts necessary to pay the redemption price of, and accrued and unpaid interest on, all Notes to be redeemed. If such money is then held by the Issuer
in trust and is not required for such purpose it shall be discharged from such trust. 
 If the Issuer complies with the provisions of the
immediately preceding paragraph, on and after the redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after a Regular Record Date but on or prior to the related
Interest Payment Date, then any accrued and unpaid interest shall be paid on the redemption date to the Person in whose name such Note was registered at the close of business on such Regular Record Date. If any Note required to be redeemed shall not
be so paid upon surrender for redemption because of the failure of the Issuer to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption date until such principal is paid, and, to the extent permitted
by law and the terms of the Notes, on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes. 

Section 3.06 Notes Redeemed in Part. Upon surrender of a Note that is redeemed in part, the Issuer shall execute and the Trustee,
upon an Issuer Order and receipt of the deliverables required hereunder, shall authenticate for the Holder (at the Issuer’s expense) a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 

  
 50 

 Section 3.07 No Mandatory Redemption. The Issuer shall not be required to make
any mandatory redemption or sinking fund payments with respect to the Notes. 
 Section 3.08 Optional Redemption. Except as set
forth below, the Issuer will not be entitled to redeem the Notes at its option prior to October 1, 2023. 
 (a) On and after
October 1, 2023, the Issuer may redeem the Notes, in whole or in part, upon notice pursuant to Section 3.03 above, at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, plus
accrued and unpaid interest, if any, to, but excluding, the date of redemption, subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date, if redeemed beginning on
October 1 of the years indicated below: 
  

					
	 Date
	  	Percentage	 
	 2023
	  	 	101.531	% 
	 2024
	  	 	101.531	% 
	 2025 and thereafter
	  	 	100.000	% 

 (b) Notwithstanding the foregoing, in connection with any tender offer for all of the Outstanding Notes at a
price of at least 100% of the principal amount of the Notes tendered, plus accrued and unpaid interest thereon to, but excluding, the applicable tender settlement date (including any Change of Control Offer), if Holders of not less than 90% in
aggregate principal amount of the Notes validly tender and do not withdraw such Notes in such tender offer and the Issuer, or any third party making such a tender offer in lieu of the Issuer, purchases all of the Notes validly tendered and not
withdrawn by such Holders, the Issuer or such third party will have the right, upon not less than 15 nor more than 60 days’ prior notice, given not more than 30 days following such purchase date, to redeem all Notes that remain Outstanding
following such purchase at a price equal to the price offered to each other Holder in such tender offer plus, to the extent not included in the tender offer payment, accrued and unpaid interest, if any, thereon, to, but excluding, the date of
redemption. 
 Section 3.09 Offers to Purchase; Acquisition of Notes. The Issuer and its Affiliates may, at any time and
from time to time, acquire Notes by means other than a redemption, including by tender offer, open market purchases, negotiated transactions or otherwise (including in connection with a consent solicitation). 

Article IV 
 COVENANTS 

Section 4.01 Payment of Notes. The Issuer covenants and agrees, for the benefit of the Holders of the Notes, that it will duly and
punctually make all payments in respect of the Notes on the dates and in the manner provided in the Notes and this Indenture. Principal, premium, if any, and interest will be considered paid on the date due if the Paying Agent, if other

  
 51 

 
than the Issuer, Company or a Subsidiary thereof, holds as of 12:00 p.m. local time in the place of payment on the due date money deposited by the Issuer in immediately available funds and
designated for and sufficient to pay all principal, premium, if any, and interest, if any, then due. Such payments shall be considered made on the date due if on such date the Trustee or the Paying Agent holds, in accordance with this Indenture,
money sufficient to make all payments with respect to such Notes then due and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. Neither
the Trustee nor the applicable Paying Agent shall be obligated to make payments to Holders or the Depositary without receipt of such sufficient funds. 

Section 4.02 Reports and Other Information. 

(a) For so long as the Company is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company will file
with the SEC and make available (without exhibits), without cost, to Holders or to the Trustee for provision to Holders, within the time periods specified in such Sections, to the extent not publicly available on the SEC’s EDGAR system or the
Company’s public website; provided, however, that the Trustee shall have no responsibility whatsoever to determine whether such filing or any other filing described below has occurred), 

(1) within the time period then in effect under the rules and regulations of the Exchange Act with respect to the filing of a
Form 10-K by the Company, annual reports on Form 10-K, or any successor or comparable form, containing the information required to be contained therein, or required in
such successor or comparable form; 
 (2) within the time period then in effect under the rules and regulations of the
Exchange Act with respect to the filing of a Form 10-Q by the Company, for each of the first three fiscal quarters of each fiscal year, reports on Form 10-Q containing
all quarterly information that would be required to be contained in Form 10-Q, or any successor or comparable form; and 

(3) within the time period then in effect under the rules and regulations of the Exchange Act with respect to the filing of a
Form 8-K by the Company after the occurrence of any event that would be required to be reported under any of the following items of Form 8-K: Items 1.03 (Bankruptcy or
Receivership); 2.01 (Completion of Acquisition or Disposition of Assets); 2.04 (Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement); 4.02 (Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review); 5.01 (Changes in Control of Registrant); 5.02(a)(1) (Resignation of Director
due to Disagreement with Registrant); and 5.03(b) (Changes in Fiscal Year), a current report on Form 8-K, or required in such successor or comparable form; provided that no such Form 8-K shall be required to be filed or made available if the Company determines in good faith (which determination shall be conclusive) that such event is not material to the Holders; in each case, taking into account
any extension of time, deemed filing date or safe harbor contemplated or provided by Rule 12b-25, Rule 13a-11(c) and Rule
15d-11(c) under the Exchange Act or successor provisions and in a manner that complies in all material respects with the requirements specified in such form. 

  
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 (b) If, at any time, the Company is not subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act for any reason, the Company will nevertheless post the information required to be set forth in the reports specified above (other than (a) separate financial statements or condensed consolidating
financial information required by Rule 3-09, Rule 3-10 or 3-16 of Regulation S-X,
(b) information required by Item 10(e) of Regulation S-K or Regulation G under the Securities Act (in each case with respect to any non-GAAP financial measures
contained therein), (c) information required by Section 13(p) (including on Form SD under Rule 13p-1), Section 13(q) or Section 13(r) of the Exchange Act and (d) information required by
Item 402 or 601 of Regulation S-K) on a public or password protected website and, upon request, will provide such information to Holders and the Trustee (but will not be required to file such information with
the SEC), in each case within the time periods that would apply if the Company were required to file such information as a non-accelerated filer with the SEC. 

(c) For purposes of this Section 4.02, the Company will be deemed to have provided a required report to Holders and the Trustee if it has
timely filed such report with the SEC via the EDGAR filing system (or any successor system). 
 (d) Notwithstanding the foregoing, if any
parent of the Company becomes a Guarantor (there being no obligation of such parent to do so), the reports, information and other documents required to be filed and provided as described above may, at the option of the Company, be filed by and be
those of the parent, rather than those of the Company; provided that such reports include a reasonable explanation of the material differences (if any) between the assets, liabilities and results of operations of such parent and its
consolidated Subsidiaries, on the one hand, and the Company and its Restricted Subsidiaries, on the other hand. 
 (e) At any time when the
Company is not subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act and to the extent not satisfied by the other provisions of this Section 4.02, for so long as any Notes are Outstanding, the Company will
furnish to Holders and to securities analysts and prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. For the avoidance of doubt, this Section 4.02 will not
require the Company or the Restricted Subsidiaries to provide or file any information pursuant to the Sarbanes-Oxley Act of 2002 and the related rules and regulations of the SEC that would not otherwise be applicable to them. 

(f) To the extent that any report or other information is not furnished within the time periods specified in this Section 4.02 and such
report or other information is subsequently furnished prior to the time such failure results in an Event of Default, the Company will be deemed to have satisfied its obligations with respect thereto and any Default with respect thereto shall be
deemed to have been cured. 
 (g) At any time that any of the Company’s Subsidiaries are Unrestricted Subsidiaries, if any such
Unrestricted Subsidiary or group of Unrestricted Subsidiaries, taken together as one Subsidiary, would constitute a Significant Subsidiary of the Company, then the quarterly and annual financial information required pursuant to this
Section 4.02 will include a 

  
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reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, or in the “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” or other comparable section, of the financial condition and results of operations of the Company and Restricted Subsidiaries separate from the financial condition and results of operations of such Unrestricted
Subsidiaries. 
 (h) Delivery of such reports, information and documents to the Trustee is for informational purposes only and the
Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any of its covenants hereunder (as to which
the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 Section 4.03 Compliance Certificate. The Company
shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company, commencing with the fiscal year ended December 31, 2018, an Officer’s Certificate stating that a review of the activities of the Company and its
Restricted Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officer with a view to determining whether the Company and each of its Restricted Subsidiaries has kept, observed, performed and fulfilled
its obligations under this Indenture, and further stating, as to such Officer signing such certificate, that, to such Officer’s knowledge, the Company and each of its Restricted Subsidiaries has kept, observed, performed and fulfilled each and
every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred and is continuing, describing all such
Defaults or Events of Default of which such Officer has knowledge and what action the Company and its Restricted Subsidiaries are taking or propose to take, if any, with respect thereto). 

Section 4.04 [Reserved]. 

Section 4.05 Limitation on Restricted Payments. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(1) pay any dividend or make any payment or distribution on account of the Company’s, or any of its Restricted
Subsidiaries’ Equity Interests, including any dividend or distribution payable in connection with any merger or consolidation involving the Company or any Restricted Subsidiary, other than: 

(A) dividends or distributions by the Company payable solely in Equity Interests (other than Disqualified Stock) of the
Company; or 
 (B) dividends or distributions by a Restricted Subsidiary so long as, in the case of any dividend or
distribution payable on or in respect of any class or series of securities issued by a Restricted Subsidiary that is not a wholly owned Subsidiary, the Company or a Restricted Subsidiary receives at least its pro rata share of such dividend or
distribution in accordance with its Equity Interests in such class or series of securities; 

  
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 (2) purchase, redeem, defease or otherwise acquire or retire for value any
Equity Interests of the Company, or any direct or indirect parent of the Company, including any such purchase, redemption, defeasance, acquisition or retirement in connection with any merger or consolidation; 

(3) make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case, prior
to any scheduled repayment, sinking fund payment or maturity, any Subordinated Indebtedness, other than (A) Indebtedness permitted under Section 4.07(b)(7) or Section 4.07(b)(8) or (B) the payment, redemption, repurchase,
defeasance or other acquisition of Subordinated Indebtedness in anticipation of satisfying a rescheduled payment, sinking fund obligation, principal installment or maturity, in each case due within one year of the date of payment, redemption,
repurchase, defeasance or acquisition; or 
 (4) make any Restricted Investment (all such payments and other actions set
forth in clauses (1) through (4) of this clause (a) (other than any exceptions thereto) being collectively referred to as “Restricted Payments”), unless, at the time of such Restricted Payment: 

(A) no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof; 

(B) immediately after giving effect to such transaction on a pro forma basis, the Company could incur $1.00 of
additional Indebtedness under Section 4.07(a); and 
 (C) such Restricted Payment, together with the aggregate amount of
all other Restricted Payments made by the Company and its Restricted Subsidiaries after the Issue Date (including Restricted Payments permitted by Section 4.05(b)(1) but excluding all other Restricted Payments permitted by
Section 4.05(b)), is less than the sum of (without duplication): 
 (i) 50% of the Consolidated Net Income of the
Company for the period (taken as one accounting period) beginning on October 1, 2018 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted
Payment; plus 
 (ii) 100% of the aggregate net cash proceeds and the fair market value of marketable securities or other
property received by the Company since immediately after the Issue Date from the issue or sale of: 
 (x) Equity Interests
of the Company, including Treasury Capital Stock, but excluding cash proceeds and the fair market value of marketable securities or other property received from the sale of: 

  
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 (I) Equity Interests to any present, former or future employees, directors,
officers, managers or consultants of the Company or any of the Company’s Subsidiaries after the Issue Date to the extent such amounts have been applied to the amount of available Restricted Payments in accordance with Section 4.05(b)(5);
and 
 (II) Designated Preferred Stock; and 

(y) debt securities of the Company or any Restricted Subsidiary that have been converted into or exchanged for such Equity
Interests of the Company; 
 provided, however, that this clause (ii) shall not include the proceeds from
(W) Refunding Capital Stock (as defined below), (X) Equity Interests or convertible debt securities of the Company sold to a Restricted Subsidiary, (Y) Disqualified Stock or debt securities that have been converted into Disqualified Stock
or (Z) the issuance or sale of Equity Interests or the fair market value of any assets received by the Company or any Restricted Subsidiary, in each case made as part of the Transactions; plus 

(iii) 100% of the aggregate net cash proceeds and the fair market value of marketable securities or other property received by
the Company or any Restricted Subsidiary by means of: 
 (x) the sale or other disposition (other than to the Company or a
Restricted Subsidiary) of Restricted Investments made by the Company or its Restricted Subsidiaries and repurchases and redemptions of such Restricted Investments from the Company or its Restricted Subsidiaries and repayments of loans or advances
that constitute Restricted Investments by the Company or its Restricted Subsidiaries, in each case after the Issue Date; or 

(y) the sale (other than to the Company or a Restricted Subsidiary) of the stock of an Unrestricted Subsidiary (other than to
the extent the Investment in such Unrestricted Subsidiary was made by the Company or a Restricted Subsidiary pursuant to Section 4.05(b)(10) or Section 4.05(b)(15) or to the extent such Investment constituted a Permitted Investment) or a
distribution or dividend from an Unrestricted Subsidiary, in each case, after the Issue Date; plus 
 (iv) in the case of the
redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary, the fair market value (as determined in good faith by the Company (which determination shall be conclusive)) of the Investment in such Unrestricted Subsidiary at the time of the

  
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redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary other than to the extent the Investment in such Unrestricted Subsidiary was made by the Company or a Restricted Subsidiary
pursuant to Section 4.05(b)(10) or Section 4.05(b)(15) or to the extent such Investment constituted a Permitted Investment; plus 

(v) the greater of (x) $100.0 million and (y) 25% of LTM EBITDA. 

(b) The provisions of Section 4.05(a) will not prohibit: 

(1) the payment of any dividend or distribution or the consummation of any irrevocable redemption within 60 days after the date
of declaration thereof or the giving of the irrevocable redemption notice, as applicable, if at the date of declaration or notice such payment would have complied with the provisions of this Indenture; 

(2) (a) the redemption, repurchase, defeasance, retirement or other acquisition of any Equity Interests (“Treasury
Capital Stock”) of the Company (or any direct or indirect parent company) or Subordinated Indebtedness of the Company (or any direct or indirect parent company) in exchange for, or out of the proceeds of the substantially concurrent sale
(other than to a Restricted Subsidiary) of, Equity Interests of the Company (or any direct or indirect parent company) (in each case, other than any Disqualified Stock or Designated Preferred Stock) (“Refunding Capital Stock”) and
(b) if immediately prior to the retirement of Treasury Capital Stock, the declaration and payment of dividends thereon was permitted under Section 4.05(b)(7), the declaration and payment of dividends on the Refunding Capital Stock in an
aggregate per annum amount no greater than the aggregate amount of dividends per annum that were declarable and payable on such Treasury Capital Stock immediately prior to such retirement; 

(3) any other Restricted Payment made in exchange for, or out of the proceeds of the substantially concurrent sale (other than
to a Restricted Subsidiary) of, Equity Interests of the Company (or any direct or indirect parent company) (other than any Disqualified Stock or Designated Preferred Stock); 

(4) the redemption, repurchase, defeasance or other acquisition or retirement of Subordinated Indebtedness or Disqualified
Stock of the Issuer or a Guarantor made in exchange for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness or Disqualified Stock of the Issuer or a Guarantor, as the case may be, that in each case is incurred in
compliance with Section 4.07 but only: 
 (A) if the principal amount (or accreted value, if applicable) of such new
Indebtedness or the liquidation preference of such new Disqualified Stock does not exceed the principal amount of (or accreted value, if applicable), plus any accrued and unpaid interest on, the Subordinated Indebtedness, or the liquidation
preference of, plus any accrued and unpaid dividends on, the Disqualified Stock, as applicable, being so purchased, redeemed, defeased, repurchased, acquired or retired, plus the amount of any premium and any fees and expenses incurred in connection
with the issuance of such new Indebtedness or Disqualified Stock; 

  
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 (B) if such new Indebtedness is subordinated to the Notes or the applicable
Guarantee at least to the same extent, if at all, as such Subordinated Indebtedness so purchased, exchanged, redeemed, repurchased, defeased, acquired or retired for value; 

(C) if such new Indebtedness or Disqualified Stock has a final scheduled maturity date equal to or later than the final
scheduled maturity date of the Subordinated Indebtedness or Disqualified Stock being so redeemed, repurchased, defeased, acquired or retired; and 

(D) if such new Indebtedness or Disqualified Stock has a Weighted Average Life to Maturity equal to or greater than the
remaining Weighted Average Life to Maturity of the Subordinated Indebtedness or Disqualified Stock being so redeemed, repurchased, defeased, acquired or retired; 

(5) a Restricted Payment to pay for the repurchase, redemption or other acquisition or retirement for value of Equity Interests
(other than Disqualified Stock) of the Company or any direct or indirect parent company held by any future, present or former employee, director, officer, manager or consultant of the Company or any of its Subsidiaries pursuant to any management
equity plan or stock option plan or any other management, director or employee benefit plan or agreement (x) upon the death or disability of such employee, director, officer, manager or consultant or (y) upon the resignation or other
termination of employment of such employee, director, officer, manager or consultant; provided, however, that the aggregate amount of Restricted Payments made under this clause (5) in any fiscal year do not exceed
$25.0 million (with unused amounts in the calendar year being carried over to the next succeeding calendar year); provided further that such amount in any calendar year may be increased by an amount not to exceed: 

(A) the cash proceeds from the sale of Equity Interests (other than Disqualified Stock) of the Company to employees, directors,
officers, managers or consultants of the Company or any of its Restricted Subsidiaries that occurs after the Issue Date, to the extent the cash proceeds from the sale of such Equity Interests have not otherwise been applied to the payment of
Restricted Payments by virtue of Section 4.05(b)(3); plus 
 (B) the cash proceeds of key man life insurance policies
received by the Company or its Restricted Subsidiaries after the Issue Date; less 
 (C) the amount of any Restricted
Payments previously made with the cash proceeds described in clause (A) or (B) of this clause (5); 
 and; provided further that
cancellation of Indebtedness owing to the Company or any of its Restricted Subsidiaries from any future, present or former employees, directors, officers, managers or consultants of the Company or any of its Restricted Subsidiaries in connection
with a repurchase of Equity Interests of the Company or any direct or indirect parent company will not be deemed to constitute a Restricted Payment for purposes of this covenant or any other provision of this Indenture; 

  
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 (6) the payment of dividends to holders of any class or series of
Disqualified Stock of the Company or any of its Restricted Subsidiaries, or of Preferred Stock of any Restricted Subsidiary, in each case issued in accordance with Section 4.07; 

(7) (A) the payment of dividends to holders of any class or series of Designated Preferred Stock (other than Disqualified
Stock) issued by the Company after the Issue Date; and 
 (B) the payment of dividends on Refunding Capital Stock that is
Preferred Stock in excess of the dividends declarable and payable thereon pursuant to Section 4.05(b)(2); 
 provided, however, in the
case of each of subclauses (A) and (B) of this clause (7), that for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of such Designated Preferred
Stock or Refunding Capital Stock that is Preferred Stock, after giving effect to such issuance or declaration on a pro forma basis, the Company and its Restricted Subsidiaries on a consolidated basis would have had a Fixed Charge Coverage
Ratio of at least 2.00 to 1.00; 
 (8) repurchases of Equity Interests deemed to occur (i) upon the exercise of stock
options, warrants or other equity-based awards if such Equity Interests represent all or a portion of the exercise price of such options, warrants or awards or payments as satisfaction of the exercise price for such Equity Interests or (ii) for
the purposes of satisfying any required tax withholding obligation upon the exercise or vesting of a grant or award of any stock options, warrants or other equity-based awards; 

(9) the payment of dividends or distributions in respect of, or repurchases of, the Company’s common stock in an aggregate
amount not to exceed in any fiscal quarter, the greater of (x) $20.0 million and (y) 5.0% of LTM EBITDA; 
 (10) other
Restricted Payments in an aggregate amount taken together with all other Restricted Payments made pursuant to this clause (10) not to exceed the greater of (x) $100.0 million and (y) 25% of LTM EBITDA; 

(11) Restricted Payments comprising the payment, redemption, repurchase, defeasance or other acquisition of Indebtedness
incurred by a Receivables Subsidiary in accordance with Section 4.07(b)(24); 
 (12) the repurchase, redemption or other
acquisition or retirement for value of any Subordinated Indebtedness in accordance with the provisions similar to those set forth in Sections 4.08 and 4.11; provided that all Notes tendered in connection with a Change of Control Offer or
Asset Sale Offer, as applicable, have first been repurchased, redeemed or acquired for value; 

  
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 (13) the distribution, by dividend or otherwise, of shares of Capital Stock
of, or Indebtedness owed to the Company or a Restricted Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries the primary assets of which are cash or Cash Equivalents); 

(14) any Restricted Payment made as part of the Transactions; 

(15) the making of other Restricted Payments if, at the time of the making of such Restricted Payment, and after giving pro
forma effect thereto (including, without limitation, the incurrence of any Indebtedness to finance such Restricted Payment and the application of the net proceeds thereof), the Consolidated Net Leverage Ratio of the Company would not exceed 3.25
to 1.00; 
 (16) the making of cash payments, in satisfaction of the conversion obligation, upon conversion of convertible
Indebtedness permitted to be incurred pursuant to Section 4.07 in an aggregate amount since the Issue Date not to exceed the sum of (a) the principal amount of such convertible Indebtedness plus (b) any payment received by the Company
or a Restricted Subsidiary pursuant to the exercise, settlement or termination of any related hedge or warrant option transactions; and 

(17) the purchase of any call option, purchase option or other similar contract in respect of Equity Interests of the Company
in connection with the issuance of convertible Indebtedness permitted to be incurred pursuant to Section 4.07 to mitigate dilution attributable to such convertible Indebtedness; and 

(18) the making of cash payments in lieu of fractional shares in connection with (i) any dividend, split or combination of
Equity Interests of the Company or any acquisition of a Similar Business (or similar Investment) or (ii) the exercise of warrants, options or other securities convertible into or exchangeable for Equity Interests of the Company or any of its
Subsidiaries. 
 provided, however, that at the time of, and after giving effect to, any Restricted Payment permitted under clauses (3), (9),
(10), (13) and (15), no Event of Default shall have occurred and be continuing or would occur as a consequence thereof. 
 (c) For purposes
of determining compliance with this Section 4.05, in the event that a proposed Restricted Payment (or a portion thereof) meets the criteria of clauses (1) through (18) of Section 4.05(b) or is entitled to be made pursuant to
Section 4.05(a), the Company will be entitled to classify or later reclassify (based on circumstances existing on the date of such reclassification) such Restricted Payment (or a portion thereof) between such clauses (1) through (18) and
Section 4.05(a) in any manner that otherwise complies with this Section 4.05. 
 (d) The Company will not permit any Unrestricted
Subsidiary to become a Restricted Subsidiary except pursuant to the provisions of the definition of “Unrestricted Subsidiary.” For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments
by the Company and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated will be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the definition of
“Investments.” Such designation will be permitted only if a Restricted Payment or Permitted Investment in such amount would be permitted at such time, and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary.
Unrestricted Subsidiaries will not be subject to any of the restrictive covenants set forth in this Indenture. 

  
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 Section 4.06 Dividend and Other Payment Restrictions Affecting Restricted
Subsidiaries. 
 (a) The Company will not, and will not permit any Restricted Subsidiary that is not the Issuer or a Guarantor to,
directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary that is not the Issuer or a Guarantor to: 

(1) (A) pay dividends or make any other distributions to the Company, the Issuer or any Subsidiary Guarantor on its Capital
Stock, or (B) pay any Indebtedness owed to the Company, the Issuer or any Subsidiary Guarantor; 
 (2) make loans or
advances to the Company, the Issuer or any Subsidiary Guarantor; or 
 (3) sell, lease or transfer any of its properties or
assets to the Company, the Issuer or any Subsidiary Guarantor. 
 (b) The restrictions in Section 4.06(a) shall not apply to
encumbrances or restrictions existing under or by reason of: 
 (1) contractual encumbrances or restrictions in effect on the
Issue Date, including pursuant to the Senior Secured Credit Facilities and the related documentation and Swap Contracts in effect on the Issue Date and any related documentation; 

(2) this Indenture, the Notes and the Guarantees thereof; 

(3) purchase money obligations for property acquired in the ordinary course of business that impose restrictions of the nature
discussed in Section 4.06(a)(3) above on the property so acquired and any accessions thereto; 
 (4) applicable law or
any applicable rule, regulation, order, approval, license, permit or other similar restriction, including under contracts with domestic or foreign governments or agencies thereof entered into in the ordinary course of business; 

(5) any agreement or other instrument (including an instrument governing Capital Stock or Indebtedness) of a Person acquired by
the Company or any Restricted Subsidiaries in existence at the time of such acquisition or at the time it merges with or into the Company or any of its Restricted Subsidiaries or assumed in connection with the acquisition of assets from such Person
(but, in any such case, not created in anticipation or contemplation thereof); 

  
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 (6) contracts for the sale of assets, including customary restrictions with
respect to a Subsidiary of the Company pursuant to an agreement that has been entered into for the sale or disposition of any Capital Stock or assets of such Subsidiary; 

(7) Secured Indebtedness otherwise permitted to be incurred pursuant to Sections 4.07 and 4.10 to the extent limiting the right
of the Company or any of its Restricted Subsidiaries to dispose of assets subject to such Lien; 
 (8) restrictions on cash
or other deposits or net worth under contracts entered into in the ordinary course of business; 
 (9) contractual
encumbrances or restrictions existing under an agreement evidencing Indebtedness, Disqualified Stock or Preferred Stock of a Restricted Subsidiary of the Company permitted to be incurred subsequent to the Issue Date pursuant to Section 4.07;
provided that (a) in the good faith judgment of the Company (which judgement shall be conclusive), such incurrence will not materially impair the Issuer’s ability to make payments under the Notes when due or (b) such
encumbrances and restrictions apply only during the continuance of a default in respect of a payment or financial maintenance covenant relating to such Indebtedness; 

(10) customary provisions in joint venture agreements and other similar agreements or arrangements relating solely to such
joint venture; 
 (11) customary provisions contained in leases, licenses or similar agreements, including with respect to
intellectual property and other agreements, in each case, entered into in the ordinary course of business; 
 (12) non-assignment provisions of any contract or any lease of any Restricted Subsidiary entered into in the ordinary course of business; 

(13) restrictions on the transfer of assets subject to any Lien permitted under this Indenture imposed by the holder of such
Lien; 
 (14) any agreement or instrument governing Capital Stock of any Person that is acquired; 

(15) restrictions or conditions contained in any trading, netting, operating, construction, service, supply, purchase, sale or
other agreement to which the Company or any of its Restricted Subsidiaries is a party entered into in the ordinary course of business; provided that such agreement prohibits the encumbrance solely of the property or assets of the Company or
such Restricted Subsidiary that are subject to such agreement, the payment rights arising thereunder or the proceeds thereof and does not extend to any other asset or property of the Company or such Restricted Subsidiary or the assets or property of
another Restricted Subsidiary; 
 (16) restrictions (contractual or otherwise) applicable to a Receivables Subsidiary
pursuant to the terms of a Permitted Receivables Facility; provided that such restrictions apply only to such Receivables Subsidiary; 

  
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 (17) Indebtedness of Foreign Subsidiaries permitted to be incurred pursuant
to Section 4.07(b)(25); or 
 (18) provisions in agreements or instruments that prohibit the payment of dividends or the
making of other distribution with respect to any class of Equity Interests of a Person other than on a pro rata basis to the holders thereof; 

(19) any restrictions or conditions imposed in connection with the Transactions; or 

(20) any encumbrances or restrictions of the type referred to in Sections 4.06(a)(1), (2) and (3) above imposed by any
amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (1) through (19) of this Section 4.06(b);
provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Company, either (i) not materially more restrictive with
respect to such encumbrance and other restrictions taken as a whole than those prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing or (ii) ordinary and customary with respect
to such instruments and obligations at the time of such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

Section 4.07 Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume,
guarantee or otherwise become directly or indirectly liable, contingently or otherwise (collectively, “incur” and each instance thereof, an “incurrence”), with respect to any Indebtedness (including Acquired
Indebtedness), and the Company will not issue any shares of Disqualified Stock and will not permit any Restricted Subsidiary to issue any shares of Disqualified Stock or Preferred Stock; provided, however, that the Company may incur
Indebtedness (including Acquired Indebtedness) or issue shares of Disqualified Stock, and any of its Restricted Subsidiaries may incur Indebtedness (including Acquired Indebtedness), issue shares of Disqualified Stock and issue shares of Preferred
Stock, if the Fixed Charge Coverage Ratio on a consolidated basis for the Company and its Restricted Subsidiaries’ most recently ended four fiscal quarters for which internal financial statements are available immediately preceding the date on
which such additional Indebtedness is incurred or such Disqualified Stock or Preferred Stock is issued would have been at least 2.00 to 1.00, determined on a pro forma basis (including a pro forma application of the net proceeds
therefrom), as if the additional Indebtedness had been incurred, or the Disqualified Stock or Preferred Stock had been issued, as the case may be, and the application of proceeds therefrom had occurred at the beginning of such four-quarter period.

 (b) The provisions of Section 4.07(a) shall not prohibit the incurrence of: 

  
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 (1) Indebtedness under Credit Facilities by the Company or any of its
Restricted Subsidiaries and the issuance and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have a principal amount equal to the face amount thereof);
provided, however, that immediately after giving effect to any such incurrence, the then outstanding aggregate principal amount of all Indebtedness under this clause (1) does not exceed the sum of (x) $1,640.0 million plus
(y) the greater of (i) $400.0 million and (ii) 100% of LTM EBITDA plus (z) the maximum principal amount of Indebtedness that could be incurred under this subclause (z) such that after giving effect to such incurrence, the
Consolidated Secured Net Leverage Ratio of the Company would be no greater than 3.25 to 1.00 (calculated assuming that all Indebtedness incurred under this clause (1) is secured and without netting the cash proceeds of any such Indebtedness);

 (2) Indebtedness of the Issuer and any Guarantor under the Notes (including Guarantees thereof) (other than any Additional
Notes); 
 (3) Indebtedness and Disqualified Stock of the Company and its Restricted Subsidiaries in existence on the Issue
Date (other than Indebtedness or Disqualified Stock referred to in clauses (1), (7) and (8) of this Section 4.07(b)); 

(4) Indebtedness in respect of Capitalized Lease Obligations, Synthetic Lease Obligations and purchase money obligations for
fixed or capital assets in an aggregate principal amount at any time outstanding not to exceed the greater of (x) $50.0 million and (y) 12.5% of LTM EBITDA; provided that either (a) the Indebtedness related thereto does not exceed
the cost or fair market value, whichever is lower, of the property being financed and such Indebtedness exists at the date of such purchase or transaction or is created within 270 days thereafter (for the avoidance of doubt, the purchase date for
any asset shall be the later of the date of completion of installation and the beginning of the full productive use of such asset) or (b) the Indebtedness related thereto does not exceed the fair market value of the property being financed and
after giving effect to the incurrence of any such Indebtedness and, after giving effect thereto (and the use of the proceeds therefrom), the Company would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge
Coverage Ratio test set forth in Section 4.07(a); 
 (5) Indebtedness incurred by the Company or any of its Restricted
Subsidiaries constituting reimbursement obligations with respect to letters of credit issued in the ordinary course of business, including letters of credit in respect of workers’ compensation claims, death, disability or other employee
benefits or property, casualty or liability insurance, or other Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation claims; provided, however, that upon the drawing of such letters of credit
or the incurrence of such Indebtedness, such obligations (a) are reimbursed within 30 days following such drawing or incurrence or (b) are permitted to be incurred (and thereupon shall be deemed to be incurred) pursuant to clause
(1) above following the expiry of such 30 day period; 

  
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 (6) Indebtedness arising from agreements of the Company or its Restricted
Subsidiaries providing for indemnification, adjustment of purchase price or similar obligations, including earnouts, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or a Subsidiary, other
than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; 

(7) Indebtedness of the Issuer to the Company or a Restricted Subsidiary; provided that any such Indebtedness owing to a
Restricted Subsidiary that is not a Subsidiary Guarantor shall be subordinated in right of payment to the Notes; provided further that any subsequent issuance or transfer of any Capital Stock or any other event which results in the
Restricted Subsidiary holding such Indebtedness ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary) shall be deemed, in each case, to be an
incurrence of such Indebtedness not permitted by this clause (7); 
 (8) Indebtedness of the Company or a Restricted
Subsidiary to the Company or another Restricted Subsidiary; provided that if the Issuer or a Guarantor incurs such Indebtedness to a Restricted Subsidiary that is not a Guarantor or the Issuer, such Indebtedness shall be subordinated in right
of payment to the Guarantee of the Notes of such Guarantor or the Notes, in the case of the Issuer; provided further that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such
Indebtedness being held by a Person other than the Company or a Restricted Subsidiary or any subsequent transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary) shall be deemed, in each case, to be an incurrence of
such Indebtedness not permitted by this clause (8); 
 (9) shares of Preferred Stock of a Restricted Subsidiary issued to the
Company or another Restricted Subsidiary; provided that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent
transfer of any such shares of Preferred Stock (except to the Company or another Restricted Subsidiary) shall be deemed in each case to be an issuance of such shares of Preferred Stock not permitted by this clause (9); 

(10) Swap Contracts (excluding Swap Contracts entered into for speculative purposes) for the purpose of limiting interest rate
risk with respect to any Indebtedness of the Company or any Restricted Subsidiary permitted to be incurred pursuant to this Section 4.07, exchange rate risk or commodity pricing risk; 

(11) obligations in respect of self-insurance and obligations in respect of performance, bid, appeal, stay, surety, customs and
replevin bonds and performance and completion guarantees provided by the Company or any of its Restricted Subsidiaries in the ordinary course of business; 

  
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 (12) Indebtedness or Disqualified Stock of the Company and Indebtedness,
Disqualified Stock or Preferred Stock of any Restricted Subsidiary not otherwise permitted hereunder in an aggregate principal amount or liquidation preference that, when aggregated with the principal amount and liquidation preference of all other
Indebtedness, Disqualified Stock and Preferred Stock then outstanding and incurred pursuant to this clause (12), does not exceed the greater of (x) $200.0 million and (y) 50.0% of LTM EBITDA; 

(13) the incurrence or issuance by the Company or any Restricted Subsidiary of Indebtedness or Disqualified Stock, and the
issuance by any Restricted Subsidiary of Preferred Stock, in each case that serves to refund, refinance, replace, renew, extend or defease any Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary or Preferred Stock of any
Restricted Subsidiary incurred or issued as permitted under Section 4.07(a) or clause (2), (3) or (4) of this Section 4.07(b), this clause (13) or clause (14) of this Section 4.07(b) or any Indebtedness, Disqualified
Stock or Preferred Stock previously incurred or issued to so refund, refinance, replace, renew, extend or defease such Indebtedness or Disqualified Stock or Preferred Stock, including additional Indebtedness, Disqualified Stock or Preferred Stock
incurred or issued to pay premiums (including tender premiums), defeasance costs, accrued interest, fees and expenses in connection therewith (the “Refinancing Indebtedness”) prior to its respective maturity; provided,
however, that such Refinancing Indebtedness: 
 (A) has a Weighted Average Life to Maturity at the time such Refinancing
Indebtedness is incurred that is not less than the remaining Weighted Average Life to Maturity of the Indebtedness or Disqualified Stock or Preferred Stock being refunded, refinanced, replaced, renewed, extended or defeased (or requires no or
nominal payments in cash prior to the date that is 91 days after the Maturity Date of the Notes); 
 (B) to the extent such
Refinancing Indebtedness refunds, refinances, replaces, renews, extends or defeases (i) Subordinated Indebtedness, such Refinancing Indebtedness is subordinated in right of payment to the Notes or the Guarantee thereof at least to the same
extent as the Indebtedness being refunded, refinanced, replaced, renewed, extended or defeased or (ii) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness must be Disqualified Stock or Preferred Stock, respectively; and 

(C) shall not include: 

(i) Indebtedness, Disqualified Stock or Preferred Stock of a Subsidiary of the Company that is not the Issuer or a Guarantor
that refinances Indebtedness, Disqualified Stock or Preferred Stock of the Company; 
 (ii) Indebtedness, Disqualified Stock
or Preferred Stock of a Subsidiary of the Company that is not the Issuer or a Guarantor that refinances Indebtedness, Disqualified Stock or Preferred Stock of the Issuer or a Subsidiary Guarantor; or 

  
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 (iii) Indebtedness or Disqualified Stock of the Company or Indebtedness,
Disqualified Stock or Preferred Stock of a Restricted Subsidiary that refinances Indebtedness, Disqualified Stock or Preferred Stock of an Unrestricted Subsidiary; 

and provided further that subclause (a) of this clause (13) will not apply to any refunding, refinancing, replacement,
renewal, extension or defeasance of any Secured Indebtedness; 
 (14) (x) Indebtedness or Disqualified Stock of the Company
and Indebtedness, Disqualified Stock or Preferred Stock of a Restricted Subsidiary incurred or issued to finance an acquisition (or other purchase of assets) or (y) existing Indebtedness, Disqualified Stock or Preferred Stock of Persons that
are acquired by the Company or any Restricted Subsidiary or merged into or consolidated with the Company or a Restricted Subsidiary in accordance with the terms of this Indenture that is not incurred or issued in contemplation of such acquisition,
merger or consolidation; provided that in the case of (x) and (y) after giving effect to such acquisition, merger or consolidation, either (a) the Company would be permitted to incur at least $1.00 of additional Indebtedness
pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.07(a) or (b) the Fixed Charge Coverage Ratio of the Company and the Restricted Subsidiaries is greater than immediately prior to such acquisition, merger or
consolidation; 
 (15) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or
similar instrument drawn against insufficient funds in the ordinary course of business; 
 (16) Indebtedness of the Company
or any of its Restricted Subsidiaries supported by a letter of credit issued pursuant to Credit Facilities, in a principal amount not in excess of the stated amount of such letter of credit; 

(17) (A) any guarantee by the Company or a Restricted Subsidiary of Indebtedness or other obligations of any Restricted
Subsidiary so long as the incurrence of such Indebtedness incurred by such Restricted Subsidiary is permitted under the terms of this Indenture, and 

(B) any guarantee by a Restricted Subsidiary of Indebtedness of the Company; 

(18) Indebtedness of the Company or any of its Restricted Subsidiaries consisting of (A) the financing of insurance
premiums or (B) take-or-pay obligations contained in supply arrangements, in each case incurred in the ordinary course of business; 

(19) Indebtedness consisting of Indebtedness issued by the Company or any of its Restricted Subsidiaries to current or former
officers, directors and employees thereof, their respective estates, spouses or former spouses, in each case to finance the purchase or redemption of Equity Interests of the Company or any direct or indirect parent company of the Company to the
extent described in Section 4.05(b)(5); 

  
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 (20) cash management obligations and Indebtedness incurred by the Company or
any Restricted Subsidiary in respect of netting services, overdraft protections, commercial credit cards, stored value cards, purchasing cards and treasury management services, automated clearing-house arrangements, employee credit card programs,
controlled disbursement, ACH transactions, return items, interstate deposit network services, dealer incentive, supplier finance or similar programs, Society for Worldwide Interbank Financial Telecommunication transfers, cash pooling and operational
foreign exchange management and similar arrangements, in each case entered into in the ordinary course of business in connection with cash management, including among the Company and the Restricted Subsidiaries, and deposit accounts; 

(21) customer deposits and advance payments received in the ordinary course of business from customers for goods and services
purchased in the ordinary course of business; 
 (22) Indebtedness owed on a short-term basis of no longer than 30 days to
banks and other financial institutions incurred in the ordinary course of business of the Company and its Restricted Subsidiaries with such banks or financial institutions and arising in connection with ordinary banking arrangements to manage cash
balances of the Company and its Restricted Subsidiaries; 
 (23) Indebtedness incurred by the Company or a Restricted
Subsidiary in connection with bankers’ acceptances or discounted bills of exchange, in each case incurred or undertaken consistent with past practice or in the ordinary course of business; 

(24) Indebtedness of a Receivables Subsidiary pursuant to any Permitted Receivables Facility; 

(25) Indebtedness of Foreign Subsidiaries of the Company in an amount not to exceed, at any one time outstanding and together
with any other Indebtedness incurred under this clause (25), the greater of (x) $100.0 million and (y) 25.0% of LTM EBITDA; 

(26) to the extent constituting Indebtedness, Contingent Obligations arising under indemnity agreements to title insurance
companies to cause such title insurers to issue title insurance policies in the ordinary course of business with respect to the real property of the Company or any Restricted Subsidiary; 

(27) to the extent constituting Indebtedness, (i) unfunded pension fund and other employee benefit plan obligations and
liabilities to the extent they are permitted to remain unfunded under applicable law and (ii) to the extent constituting Indebtedness, deferred compensation or similar arrangements payable to future, present or former directors, officers,
employees, members of management or consultants of the Company and the Restricted Subsidiaries; and 
 (28) Indebtedness in
respect of repurchase agreements constituting Cash Equivalents. 

  
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 (c) For purposes of determining compliance with this Section 4.07, (1) in the event
that an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) meets the criteria of more than one of the categories of permitted Indebtedness, Disqualified Stock or Preferred Stock described in clauses (1) through
(28) of Section 4.07(b) (or any subclause of such clauses) or is entitled to be incurred pursuant to Section 4.07(a), the Company, in its sole discretion, will classify or reclassify such item of Indebtedness, Disqualified Stock or
Preferred Stock (or any portion thereof) and will only be required to include the amount and type of such Indebtedness, Disqualified Stock or Preferred Stock in one of the above clauses (or subclauses of the above clauses) of Section 4.07(b) or
under Section 4.07(a); and (2) at the time of incurrence, the Company will be entitled to divide and classify an item of Indebtedness in more than one of the types of Indebtedness described in Sections 4.07(a) and 4.07(b) above;
provided that, in the case of each of the foregoing clauses (1) or (2) all Indebtedness outstanding under the Senior Secured Credit Facilities on the Issue Date will be treated as incurred under clause (1)(x) of Section 4.07(b).

 (d) Notwithstanding anything else in this Section 4.07, Restricted Subsidiaries that are not the Issuer or a Subsidiary Guarantor may
not incur Indebtedness or issue Disqualified Stock or Preferred Stock pursuant to Section 4.07(a) or clause (12), (13) (solely in respect of Indebtedness, Disqualified Stock or Preferred Stock incurred or issued under Section 4.07(a) or
clause (12) or (14)(x) of this Section 4.07 and any refinancings thereof) or (14)(x) of Section 4.07(b), if, after giving pro forma effect to such incurrence or issuance (including a pro forma application of the net
proceeds therefrom), the aggregate amount of Indebtedness, Disqualified Stock and Preferred Stock of Restricted Subsidiaries that are not the Issuer or a Subsidiary Guarantor incurred or issued pursuant to such provisions of this Section 4.07
and at any one time outstanding would exceed the greater of (x) $75.0 million and (y) 18.75% of LTM EBITDA. 
 (e) Accrual of interest
or dividends, the accretion of accreted value, the accretion or amortization of original issue discount, the payment of interest in the form of additional Indebtedness and the payment of dividends in the form of additional Disqualified Stock or
Preferred Stock, as applicable, will in each case not be deemed to be an incurrence of Indebtedness or Disqualified Stock or Preferred Stock for purposes of this Section 4.07. 

(f) For purposes of determining compliance with any U.S. dollar-denominated restriction on the incurrence of Indebtedness, the U.S.
dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred, in the case of term debt, or first committed,
in the case of revolving credit debt; provided that if such Indebtedness is incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be
exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing
Indebtedness does not exceed (a) the principal amount of such Indebtedness being refinanced, plus (b) the aggregate amount of fees, underwriting discounts, premiums (including tender premiums) and other costs and expenses (including
original issue discount, upfront fees or similar fees) incurred in connection with such refinancing. 

  
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 (g) The principal amount of any Indebtedness incurred to refinance other Indebtedness, if
incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on the date of such
refinancing. 
 (h) For purposes of this Section 4.07, (1) unsecured Indebtedness shall not be deemed to be subordinated or junior to
Secured Indebtedness merely because it is unsecured and (2) Senior Indebtedness shall not be deemed to be subordinated or junior to any other Senior Indebtedness merely because it has a junior priority with respect to the same collateral or
because such other Senior Indebtedness is guaranteed by other obligors. 
 Section 4.08 Asset Sales. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale, unless: 

(1) the Company or such Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset Sale at
least equal to the fair market value (as determined in good faith by the Company at the time of contractually agreeing to such Asset Sale (which determination shall be conclusive)) of the assets sold or otherwise disposed of or the Equity Interests
issued; and 
 (2) at least 75% of the consideration therefor received by the Company or such Restricted Subsidiary, as the
case may be, is in the form of cash or Cash Equivalents; provided that the following shall be deemed to be cash for purposes of this provision and for no other purpose: 

(A) any liabilities (as reflected in the Company’s or such Restricted Subsidiary’s most recent balance sheet or in
the footnotes thereto or, if incurred, increased or accrued subsequent to the date of such balance sheet, such liabilities that would have been shown on the Company’s or such Restricted Subsidiary’s balance sheet or in the footnotes
thereto if such incurrence, increase or accrual had taken place on or prior to the date of such balance sheet, as determined in good faith by the Company (which determination shall be conclusive)) of the Company or such Restricted Subsidiary (other
than Contingent Obligations and liabilities that are by their terms subordinated to the Notes or the applicable Guarantee) that are assumed by the transferee of any such assets pursuant to a written agreement that releases or indemnifies the Company
or such Restricted Subsidiary from such liabilities or that are otherwise extinguished by the transferee in connection with such transaction; 

(B) any securities, notes or other similar obligations received by the Company or such Restricted Subsidiary from such
transferee that are converted by the Company or such Restricted Subsidiary into cash or Cash Equivalents (to the extent of the cash or Cash Equivalents received) within 180 days of the receipt thereof; 

  
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 (C) any Designated Non-cash
Consideration received by the Company or such Restricted Subsidiary in such Asset Sale having an aggregate fair market value, taken together with all other Designated Non-cash Consideration received pursuant
to this clause (C) that is at that time outstanding, not to exceed the greater of $30.0 million and 7.5% of LTM EBITDA at the time of the receipt of such Designated Non-cash Consideration, with the
fair market value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to subsequent changes in value; and 

(D) Capital Stock of a Person that is a Restricted Subsidiary or of a Person engaged in a Similar Business that shall become a
Restricted Subsidiary immediately upon the acquisition thereof by the Company or any Restricted Subsidiary. 
 (b) Within 365 days after the
receipt of any Net Proceeds of any Asset Sale, the Company or a Restricted Subsidiary, at its option, may apply an amount equal to the Net Proceeds from such Asset Sale, 

(1) to permanently reduce Indebtedness as follows: 

(A) to permanently reduce Secured Indebtedness, including Indebtedness under the Senior Secured Credit Facilities, in each
case, that is secured by a Lien that is permitted by this Indenture and (if applicable) to permanently reduce commitments with respect thereto; 

(B) to permanently reduce Obligations under other Senior Indebtedness of the Issuer or any Guarantor (and (if applicable) to
permanently reduce commitments with respect thereto); provided that the Issuer shall equally and ratably reduce (or offer to reduce, as applicable) Obligations under the Notes; provided further that all reductions of Obligations under the Notes
shall be made as provided under Section 3.08 or through open-market purchases (to the extent such purchases are at or above 100% of the principal amount thereof plus accrued and unpaid interest) or by making an offer (in accordance with the
procedures set forth below for an Asset Sale Offer) to all Holders of Notes to purchase their Notes at 100% of the principal amount thereof, plus the amount of accrued but unpaid interest, if any, on the amount of Notes that would otherwise be
prepaid; or 
 (C) to permanently reduce Indebtedness of a Restricted Subsidiary that is not the Issuer or a Guarantor, other
than Indebtedness owed to the Company or any Restricted Subsidiary; 
 (2) to make (A) an Investment in any one or more
businesses; provided that such Investment in any business is in the form of the acquisition of Capital Stock and results in the Company or any of its Restricted Subsidiaries, as the case may be, owning an amount of the Capital Stock of such
business such that it constitutes a Restricted Subsidiary, (B) capital expenditures or (C) acquisitions of other businesses, properties, noncurrent assets or intellectual property rights that, in the case of each of (A), (B) and (C), are
used or useful in a Similar Business; or 

  
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 (3) to make an Investment in (A) any one or more businesses;
provided that such Investment in any business is in the form of the acquisition of Capital Stock and results in the Company or any of its Restricted Subsidiaries, as the case may be, owning an amount of the Capital Stock of such business such
that it constitutes a Restricted Subsidiary, (B) properties or (C) acquisitions of other businesses, properties, noncurrent assets or intellectual property rights that, in the case of each of (A), (B) and (C), replace the businesses,
properties, assets or intellectual property rights that are the subject of such Asset Sale; 
 provided that, in the case of clauses (2) and (3)
of this Section 4.08(b), a binding commitment entered into not later than the end of such 365-day period shall be treated as a permitted application of the Net Proceeds from the date of such commitment so
long as the Company or such Restricted Subsidiary enters into such commitment with the good faith expectation that an amount equal to the Net Proceeds will be applied to satisfy such commitment within 180 days of the end of such 365-day period (an “Acceptable Commitment”) and, in the event any Acceptable Commitment is later cancelled or terminated for any reason before an amount equal to the Net Proceeds is so applied, then
the Company or such Restricted Subsidiary shall be permitted to apply an amount equal to the Net Proceeds in any manner set forth above before the expiration of such 180-day period and, in the event the
Company or such Restricted Subsidiary fails to do so, then such Net Proceeds shall constitute Excess Proceeds. 
 (c) Any Net Proceeds from
the Asset Sale that are not invested or applied as provided and within the time period set forth in Section 4.08(b) will be deemed to constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds
$40.0 million (the “Excess Proceeds Threshold”), the Issuer shall make an offer to all Holders of the Notes and, if required by the terms of any Senior Indebtedness, to the holders of such Senior Indebtedness (an “Asset
Sale Offer”), to purchase the maximum aggregate principal amount of the Notes and such Senior Indebtedness that is an integral multiple of $1,000 (but in minimum denominations of $2,000) that may be purchased with such Excess Proceeds at an
offer price, in the case of the Notes, in cash in an amount equal to 100% of the principal amount thereof, plus accrued and unpaid interest to the date fixed for the closing of such offer, and in the case of any Senior Indebtedness at the offer
price required by the terms thereof but not to exceed 100% of the principal amount thereof, plus accrued and unpaid interest, if any, in each case in accordance with the procedures set forth in this Indenture. 

(d) Notwithstanding anything in this Indenture to the contrary, to the extent any or all of the Net Proceeds from any Asset Sale by a Foreign
Subsidiary (a “Foreign Disposition”), are prohibited, restricted or delayed by applicable local law from being repatriated to the United States, if the Company or a Restricted Subsidiary does not elect to apply an amount equal to
the amount of such Net Proceeds in the manner required by the preceding paragraph, (i) the portion of such Net Proceeds so affected will not be required to be applied pursuant to the preceding paragraph, but may be retained by the applicable
Foreign Subsidiary so long, but only so long, as the applicable local law will not permit repatriation to the United States (and the Issuer hereby agrees to use commercially reasonable efforts to cause the applicable Foreign

  
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Subsidiary to promptly take all actions reasonably required by the applicable local law to permit such repatriation), and once such repatriation of any of such affected Net Proceeds is permitted
under the applicable local law, such repatriation will be immediately effected and such repatriated Net Proceeds will be applied in compliance with the preceding paragraph, and (ii) to the extent that the Issuer has determined in good faith
(and after use of commercially reasonable efforts to mitigate any such material adverse tax cost consequences) that repatriation of any or all of the Net Proceeds of any Foreign Disposition, would have a material adverse tax cost consequence with
respect to such Net Proceeds, the Net Proceeds so affected may be retained by the applicable Foreign Subsidiary; provided further that, in the case of this clause (ii), on or before the date on which any Net Proceeds so retained would otherwise have
been required to be applied in an Asset Sale Offer, (x) the Issuer shall apply an amount equal to such Net Proceeds to such Asset Sale Offer as if such Net Proceeds had been received by the Issuer rather than such Foreign Subsidiary, less the
amount of additional taxes that would have been payable or reserved against if such Net Proceeds had been repatriated or (y) such Net Proceeds are applied to the repayment of Indebtedness of a Foreign Subsidiary. 

(e) The Issuer will commence an Asset Sale Offer with respect to Excess Proceeds within 10 Business Days after the date that Excess Proceeds
exceed the Excess Proceeds Threshold by delivering the notice required pursuant to the terms of this Indenture, with a copy to the Trustee for delivery to Holders. The Issuer may satisfy the foregoing obligations with respect to any Net Proceeds
from an Asset Sale by making an Asset Sale Offer with respect to such Net Proceeds prior to the expiration of the relevant 365-day period. Upon the completion of each Asset Sale Offer (including a voluntary
Asset Sale Offer with respect to all Excess Proceeds even though less than the Excess Proceeds Threshold), the amount of Excess Proceeds shall be reset to zero. 

(f) To the extent that the aggregate principal amount of Notes and such Senior Indebtedness, as the case may be, tendered pursuant to an Asset
Sale Offer is less than the Excess Proceeds, the Issuer may use any remaining Excess Proceeds for any purposes not otherwise prohibited under this Indenture. If the aggregate principal amount of Notes or Senior Indebtedness, as the case may be,
surrendered by such holders thereof exceeds the amount of Excess Proceeds, such Notes or Senior Indebtedness, as the case may be, will be purchased on a pro rata basis based on the accreted value or principal amount of such Notes or Senior
Indebtedness, as the case may be, tendered (and the tendered Notes of tendering holders will be selected on a pro rata basis, or such other basis in accordance with DTC procedures based on the amount of Notes tendered). 

(g) Pending the final application of any Net Proceeds, the holder of such Net Proceeds may apply such Net Proceeds temporarily to reduce
Indebtedness outstanding under a revolving credit facility or otherwise invest such Net Proceeds in any manner not prohibited by this Indenture. 

(h) 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 such laws or regulations are applicable in connection with the repurchase of the Notes pursuant to an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations
conflict with the provisions of this Indenture, the Issuer shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations set forth in this Indenture by virtue thereof. 

  
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 (i) The provisions under this Indenture relating to the Issuer’s obligation to make an
offer to repurchase the Notes as a result of an Asset Sale may be waived or modified, with respect to the Notes, with the written consent of the Holders of a majority in principal amount of the Notes then Outstanding. 

Section 4.09 Transactions with Affiliates. 

(a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, make any payment to, or sell, lease, transfer or
otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into, or make or amend, any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any
Affiliate of the Company (each of the foregoing, an “Affiliate Transaction”) involving aggregate payments or consideration in excess of $10.0 million, unless such Affiliate Transaction is on terms that are not materially less
favorable, taken as a whole, as determined in good faith by the Company (which determination shall be conclusive), to the Company or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the
Company or such Restricted Subsidiary with an unrelated Person on an arm’s-length basis. 
 (b)
Section 4.09(a) shall not apply to the following: 
 (1) transactions between or among the Company or any of its Restricted
Subsidiaries; 
 (2) Restricted Payments permitted by Section 4.05 or the definition of “Permitted
Investment”; 
 (3) the payment of reasonable and customary compensation and fees paid to, and indemnities provided for
the benefit of, or employment, service or benefit plan agreements with or for the benefit of, former, current or future officers, directors, employees or consultants of the Company or any of its Restricted Subsidiaries; 

(4) transactions in which the Company or any of its Restricted Subsidiaries, as the case may be, delivers to the Trustee a
letter addressed to the Company from an Independent Financial Advisor either stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or stating that such terms are not materially less
favorable to the Company or its relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with an unrelated Person on an
arm’s-length basis; 
 (5) any agreement as in effect as of the Issue Date, or
any amendment, supplement, modification, extension or renewal thereto or thereof or any transaction contemplated thereby (including pursuant to any amendment, supplement, modification, extension or renewal thereto or thereof) or by any replacement
agreement thereto (so long 

  
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as any such amendment or replacement agreement is not more disadvantageous to the Holders in any material respect when taken as a whole as compared to the applicable agreement as in effect on the
Issue Date as determined in good faith by the Company (which determination shall be conclusive)); 
 (6) transactions with
customers, clients, suppliers, or purchasers or sellers of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this Indenture that are fair to the Company and its Restricted Subsidiaries,
as determined in good faith by the Company (which determination shall be conclusive), or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party; 

(7) the sale or issuance of Equity Interests of the Company to any director, officer, employee or consultant of the Company or
its Restricted Subsidiaries; 
 (8) any issuances of securities or other payments, awards, grants in cash, securities or
otherwise or loans (or cancellation of loans) to employees or consultants of the Company or any of its Restricted Subsidiaries pursuant to, or for the funding of, employment arrangements or agreements, stock option plans, stock ownership plans and
other similar arrangements with such employees or consultants which, in each case, are approved by the Company in good faith; 

(9) any transaction with any Person that is an Affiliate of the Company or any Restricted Subsidiary that would constitute an
Affiliate Transaction solely because the Company or any Restricted Subsidiary owns (directly or indirectly) an equity interest in, or controls (including pursuant to any management agreement or otherwise), such Person; 

(10) transactions with joint ventures on terms that are not materially less favorable, taken as a whole, to the Company or any
Restricted Subsidiary (as applicable), as determined in good faith by the Company (which determination shall be conclusive), than the other joint venture partner(s); 

(11) the Transactions and the payment of all fees and expenses related thereto; 

(12) any contribution, sale, conveyance, transfer or other disposition of, or grant of a security interest in, receivable
assets to a Receivables Subsidiary; 
 (13) transactions with Affiliates solely in their capacity as holders of Indebtedness
or Capital Stock of the Company or any Restricted Subsidiary where such Affiliate receives the same consideration or is treated in the same manner as non-Affiliates that are party to (or have the benefit of)
such transaction; 
 (14) the entering into of any tax sharing agreement or arrangement to the extent payments under such
agreement or arrangement would otherwise be permitted by Section 4.05; 

  
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 (15) the formation and maintenance of any consolidated group or subgroup for
tax, accounting or cash pooling or management purposes in the ordinary course of business; 
 (16) transactions undertaken in
good faith by the Company (which determination shall be conclusive) for the purpose of improving the consolidated tax efficiency of the Company and its subsidiaries and not for the purpose of circumventing any covenant set forth in the Indenture;

 (17) any agreement between any Person and an Affiliate of such Person existing at the time such Person is acquired by or
merged into the Company or any Restricted Subsidiary; provided that such agreement was not entered into in contemplation of such acquisition or merger, or any amendment thereto (so long as such amendment is not disadvantageous to the holders of the
Notes in any material respect as determined (which determination shall be conclusive) in good faith by the Company when taken as a whole as compared to such agreement as in effect on the date of such acquisition or merger); and 

(18) any other transaction with an Affiliate that is approved by a majority of disinterested members of the board of directors
of the Company in good faith. 
 Section 4.10 Liens. 

(a) The Company will not, and will not permit the Issuer or any Subsidiary Guarantor to, directly or indirectly, create, incur, assume or
otherwise cause or suffer to exist any Lien (except Permitted Liens) that secures obligations under any Indebtedness or any related Guarantee of the Company, the Issuer or any Subsidiary Guarantor, on any asset or property of the Company, the Issuer
or any Subsidiary Guarantor, or any income or profits therefrom, or assign or convey any right to receive income therefrom, unless: 

(1) in the case of any Liens securing Subordinated Indebtedness, the Notes and related Guarantees are secured by a Lien on such
property, assets or proceeds that is senior in priority to such Liens; and 
 (2) in all other cases, the Notes or the
Guarantees are equally and ratably secured, except that the foregoing shall not apply to or restrict Liens securing obligations in respect of the Notes and the related Guarantees. 

(b) Any Lien created for the benefit of the Holders of the Notes pursuant to this Section 4.10 shall be deemed automatically and
unconditionally released and discharged upon the release and discharge of each Lien (other than a release as a result of the enforcement of remedies in respect of such Lien or the Obligations secured by such Lien) that gave rise to the obligation to
secure the Notes or such Guarantee pursuant to Section 4.10(a). 
 Section 4.11 Offer to Repurchase Upon Change of Control.

  
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 (a) If a Change of Control occurs after the Merger, unless the Issuer has previously or
concurrently mailed a redemption notice with respect to all the Outstanding Notes under Section 3.08, the Issuer will make an offer to purchase all of the Notes pursuant to the offer described below (the “Change of Control
Offer”) at a price in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the date of purchase, subject to the right of
Holders of the Notes of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date. Within 30 days following any Change of Control, the Issuer will deliver notice of such Change of Control Offer with a
copy to the Trustee, to each Holder of Notes to the address of such Holder appearing in the security register or otherwise in accordance with the procedures of DTC with the following information: 

(1) that a Change of Control Offer is being made pursuant to this Section 4.11 and that all Notes properly tendered
pursuant to such Change of Control Offer will be accepted for payment by the Issuer; 
 (2) the purchase price and the
purchase date, which will be no earlier than 30 days nor later than 60 days from the date such notice is sent (the “Change of Control Payment Date”), except in the case of a conditional Change of Control Offer made in advance of a
Change of Control as described below; 
 (3) that any Note not properly tendered will remain Outstanding and continue to
accrue interest; 
 (4) that, unless the Issuer defaults in the payment of the Change of Control Payment required to be made,
all Notes accepted for payment pursuant to the Change of Control Offer will cease to accrue interest on the Change of Control Payment Date; 

(5) that Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender such
Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of such Notes completed, to the paying agent specified in the notice at the address specified in the notice prior to the close of business on the third
Business Day preceding the Change of Control Payment Date; 
 (6) that Holders will be entitled to withdraw their tendered
Notes and their election to require the Issuer to purchase such Notes; provided that the paying agent receives, not later than the close of business on the expiration date of the Change of Control Offer, a telegram, telex, facsimile
transmission or letter setting forth the name of the Holder of the Notes, the principal amount of Notes tendered for purchase, and a statement that such Holder is withdrawing its tendered Notes and its election to have such Notes purchased; 

(7) the other instructions, as determined by the Issuer (which determination shall be conclusive), consistent with the covenant
described hereunder, that a Holder must follow; and 
 (8) if such notice is sent prior to the occurrence of a Change of
Control, stating that the Change of Control Offer is conditional upon the occurrence of such Change of Control. 

  
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 (b) The Issuer will comply with the requirements of Rule
14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of Notes pursuant to a Change of
Control Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Indenture, the Issuer will comply with the applicable securities laws and regulations and shall not be deemed to have
breached its obligations set forth in this Indenture by virtue of such conflict. 
 (c) On the Change of Control Payment Date, the Issuer
will, to the extent permitted by law, 
 (1) accept for payment all Notes or portions thereof properly tendered pursuant to
the Change of Control Offer, 
 (2) deposit with the applicable paying agent an amount equal to the aggregate Change of
Control Payment in respect of all Notes or portions thereof properly tendered, and 
 (3) deliver, or cause to be delivered,
to the Trustee for cancellation the Notes so accepted together with an Officer’s Certificate to the Trustee stating that such Notes or portions thereof have been tendered to, and purchased by, the Issuer. 

(d) Notwithstanding anything in this Indenture to the contrary, the Issuer shall not be required to make a Change of Control Offer following a
Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Section 4.11 applicable to a Change of Control Offer made by the Issuer and
purchases all Notes properly tendered and not withdrawn under such Change of Control Offer. 
 (e) Notwithstanding anything to the contrary
herein, a Change of Control Offer may be made in advance of a Change of Control, conditional upon such Change of Control, if a definitive agreement is in place for the Change of Control at the time of making the Change of Control Offer. 

(f) Notwithstanding anything to the contrary in Section 9.02, the provisions under this Section 4.11 relating to the Issuer’s
obligation to make an offer to repurchase the Notes as a result of a Change of Control may be waived or modified, with respect to the Notes, with the written consent of the Holders of a majority in principal amount of the Notes then Outstanding,
including after the entry into an agreement that would result in the need to make a Change of Control Offer. 
 Section 4.12
Covenant Suspension. 
 (a) If on any date following the Issue Date (i) the Notes have Investment Grade Ratings from both Rating
Agencies and (ii) no Default or Event of Default has occurred and is continuing under this Indenture, then, beginning on that day (the “Suspension Date” and, the occurrence of the events described in the foregoing clauses
(i) and (ii) being collectively referred to as a “Covenant Suspension Event”) and continuing until the occurrence of the Reversion Date, the following sections of this Indenture will not be applicable to the Notes
(collectively, the “Suspended Covenants”): 

  
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	 	(1)	 Section 4.05; 

  

	 	(2)	 Section 4.06; 

  

	 	(3)	 Section 4.07; 

  

	 	(4)	 Section 4.08; 

  

	 	(5)	 Section 4.09; 

  

	 	(6)	 Section 5.01(b)(4); and 

 

	 	(7)	 Section 10.06(b). 

(b) During any period that the foregoing Sections have been suspended, the Company may not designate any of its Subsidiaries as Unrestricted
Subsidiaries, unless such designation would have complied with Section 4.05 as if such Section were in effect during such period. 
 (c)
In the event that and while the Company and its Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of a Covenant Suspension Event, and on any subsequent date (the “Reversion Date”)
one or both of the Rating Agencies withdraw their Investment Grade Rating or downgrade the rating assigned to the Notes below an Investment Grade Rating, then the Company and its Restricted Subsidiaries will thereafter again be subject to the
Suspended Covenants under this Indenture with respect to future events. The period of time between the Suspension Date and the Reversion Date is referred to in this Indenture as the “Suspension Period.” Upon the occurrence of a
Covenant Suspension Event, the amount of Excess Proceeds from Asset Sales shall be reset to zero. 
 (d) During any Suspension Period, the
Company shall not, and shall not permit any Restricted Subsidiary to, enter into any Sale and Lease-Back Transaction; provided, however, that the Company or any Restricted Subsidiary may enter into a Sale and Lease-Back Transaction if
(i) the Company or such Restricted Subsidiary could have incurred a Lien to secure the Indebtedness attributable to such Sale and Lease-Back Transaction pursuant to Section 4.10 without equally and ratably securing the Notes pursuant to
the covenant described therein; and (ii) the consideration received by the Company or such Restricted Subsidiary in that Sale and Lease-Back Transaction is at least equal to the fair market value of the property sold and otherwise complies with
Section 4.08; provided further that this Section 4.12(d) shall cease to apply on and subsequent to any Reversion Date. 

(e) During the Suspension Period, the Company and its Restricted Subsidiaries will be entitled to incur Liens to the extent provided for under
Section 4.10 (including Permitted Liens) and any Permitted Liens that refer to one or more Suspended Covenants shall be interpreted as though such applicable Suspended Covenant(s) continued to be applicable during the Suspension Period (but
solely for purposes of Section 4.10 and for no other covenant). 

  
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 (f) Notwithstanding the foregoing, in the event a Reversion Date occurs, no action taken or
omitted to be taken by the Company or any of its Restricted Subsidiaries during the Suspension Period shall give rise to a Default or Event of Default under any of the Suspended Covenants; provided that (1) after the Reversion Date, the
amount of Restricted Payments since the Issue Date will be calculated as though Section 4.05 had been in effect prior to, but not during, the Suspension Period; (2) all Indebtedness incurred, or Disqualified Stock issued, during the
Suspension Period will be classified to have been incurred or issued pursuant to Section 4.07(b)(3); (3) any Affiliate Transaction entered into after such reinstatement pursuant to an agreement entered into during any Suspension Period shall be
deemed to be permitted pursuant to Section 4.09(b)(5); (4) any encumbrance or restriction on the ability of any Restricted Subsidiary that is not the Issuer or a Guarantor to take any action described in clauses (1) through (3) of
Section 4.06(a) that becomes effective during any Suspension Period shall be deemed to be permitted pursuant to Section 4.06(b)(1); (5) no Subsidiary of the Company will be required to comply with Section 10.06(b) after the Reversion
Date with respect to any guarantee entered into by such Subsidiary during any Suspension Period; and (6) upon the Reversion Date, the obligation to grant Guarantees pursuant to Section 10.06(b) will be reinstated and the Reversion Date
will be deemed to be the date on which any guaranteed Indebtedness was incurred for purposes of Section 10.06(b). 
 Article V 

SUCCESSORS 

Section 5.01 Merger, Consolidation or Sale of All or Substantially All Assets. 

(a) The Issuer. The Issuer may not, directly or indirectly, consolidate or merge with or into or wind up into (whether or not the
Issuer is the surviving corporation) or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the Issuer’s properties or assets, in one or more related transactions, to any Person unless: 

(1) the Issuer is the surviving entity or the Person formed by or surviving any such consolidation or merger (if other than the
Issuer) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a corporation, partnership (including a limited partnership), trust or limited liability company organized or existing under the laws
of the jurisdiction of organization of the Issuer or the laws of the United States, any state thereof, the District of Columbia or any territory thereof (such Person, as the case may be, being herein called the “Successor Issuer”),
provided that in the event that the Successor Issuer is not a corporation, a co-obligor of the Notes is a corporation; 

(2) the Successor Issuer, if other than the Issuer, expressly assumes all the obligations of the Issuer under the Notes and
this Indenture, pursuant to a supplemental indenture or other documents or instruments; 

  
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 (3) immediately after such transaction, no Default or Event of Default
exists; 
 (4) each Guarantor, unless (i) it is the other party to the transactions described above or (ii) the
Issuer is the surviving entity, shall have by supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations under this Indenture and the Notes; and 

(5) except with respect to the Merger, the Issuer (or, if applicable, the Successor Issuer) shall have delivered to the Trustee
an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indenture, if any, complies with the Indenture. 

The Successor Issuer will succeed to, and be substituted for, the Issuer under this Indenture and the Notes. Upon the substitution, the Issuer
will be released from its obligations under this Indenture and the Notes, except in the case of any lease of all or substantially all of the Issuer’s properties or assets whether in one transaction or a series of transactions, to one or more
other Persons. 
 (b) The Company. Altra may not, directly or indirectly, consolidate or merge with or into or wind up into (whether
or not Altra is the surviving corporation) or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of Altra’s properties or assets, in one or more related transactions, to any Person unless: 

(1) Altra is the surviving entity or the Person formed by or surviving any such consolidation or merger (if other than Altra)
or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a corporation, partnership (including a limited partnership), trust or limited liability company organized or existing under the laws of the
jurisdiction of organization of Altra or the laws of the United States, any state thereof, the District of Columbia or any territory thereof (such Person, as the case may be, being herein called the “Successor Company”); 

(2) the Successor Company, if other than Altra, expressly assumes all the obligations of Altra under this Indenture and the
Notes, including the Guarantee of the Notes by Altra, pursuant to a supplemental indenture or other documents or instruments; 

(3) immediately after such transaction, no Default or Event of Default exists; 

(4) immediately after giving pro forma effect to such transaction and any related financing transactions, as if such
transactions had occurred at the beginning of the applicable four-quarter period, 
 (A) Altra or the Successor Company, as
applicable, would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.07(a); or 

  
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 (B) the Fixed Charge Coverage Ratio of Altra (or, if applicable, the
Successor Company) and its Restricted Subsidiaries would be equal to or greater than such ratio of Altra and its Restricted Subsidiaries immediately prior to such transaction; and 

(5) the Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
such consolidation, merger or transfer and such supplemental indenture, if any, complies with this Indenture. 
 The Successor Company will
succeed to, and be substituted for, Altra under this Indenture (including Altra’s Guarantee of the Notes) and the Notes. Upon any such substitution, Altra will be released from its obligations under this Indenture and the Notes, except in the
case of any lease of all or substantially all of Altra’s properties or assets whether in one transaction or a series of transactions, to one or more other Persons. 

(c) Subsidiary Guarantors. Subject to Section 10.03, no Subsidiary Guarantor shall, and the Company shall not permit any Subsidiary
Guarantor to, consolidate or merge with or into or wind up into (whether or not such Subsidiary Guarantor is the surviving corporation), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or
assets, in one or more related transactions, to, any Person unless: 
 (1) (A) such Guarantor is the surviving entity or the
Person formed by or surviving any such consolidation or merger (if other than such Guarantor) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a corporation, partnership, trust or limited
liability company organized or existing under the laws of the jurisdiction of organization of such Guarantor, as the case may be, or the laws of the United States, any state thereof, the District of Columbia or any territory thereof (such Guarantor
or such Person, as the case may be, being herein called the “Successor Person”); 
 (B) the Successor
Person, if other than a Guarantor, expressly assumes all the obligations of such Guarantor under this Indenture and such Guarantor’s related Guarantee pursuant to a supplemental indenture or other documents or instruments; 

(C) immediately after such transaction, no Default or Event of Default exists; and 

(D) the Issuer shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
such consolidation, merger or transfer and such supplemental indenture, if any, complies with this Indenture; 
 (2) the
transaction is made in compliance with Section 4.08, if applicable; or 

  
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 (3) in the case of assets comprised of Equity Interests of Subsidiaries that
are not Guarantors, such Equity Interests are sold, assigned, transferred, leased, conveyed or otherwise disposed of to one or more Restricted Subsidiaries. 

Subject to Section 5.02, the Successor Person will succeed to, and be substituted for, such Guarantor under this Indenture and such
Guarantor’s Guarantee. 
 Notwithstanding the foregoing, any Subsidiary Guarantor may (1) merge or consolidate with or into, wind
up into or transfer all or part of its properties and assets to another Subsidiary Guarantor, the Issuer or the Company, (2) merge with an Affiliate of the Company solely for the purpose of reincorporating the Subsidiary Guarantor in the United
States, any state thereof, the District of Columbia or any territory thereof, (3) convert into a corporation, partnership, limited partnership, limited liability company or trust organized or existing under the laws of the jurisdiction of
organization of such Subsidiary Guarantor or (4) liquidate or dissolve or change its legal form if the Company determines in good faith that such action is in the best interests of the Company, in each case, without regard to the requirements
set forth in this Section 5.01(b). 
 (d) Notwithstanding the foregoing clause (3) in Section 5.01(a) or clauses (3) and
(4) in Section 5.01(b), 
 (1) any Restricted Subsidiary may consolidate with or merge into or transfer all or part of
its properties and assets to the Company, the Issuer or a Subsidiary Guarantor, and 
 (2) the Company may merge with an
Affiliate of the Company, or the Issuer may merge with the Company or an Affiliate of the Company, as the case may be, solely for the purpose of reincorporating the Company or the Issuer, as they case may be, in the United States, any state thereof,
the District of Columbia or any territory thereof or for the sole purpose of forming or collapsing a holding company structure. 
 (e)
Notwithstanding any of the foregoing, the Transactions shall be permitted under this Indenture. 
 Section 5.02 Successor Issuer or
Successor Company Substituted. Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of the Issuer or Altra, as the case may be, in a
transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, in which the Issuer or Altra, as the case may be, is not the continuing corporation, the Successor Issuer or Successor Company formed by such
consolidation or into or with which the Issuer or Altra, as the case may be, is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the
date of such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Indenture (including the definition of “Company”) referring to the “Issuer” or “Altra,” as
the case may be, shall refer instead to the Successor Issuer or the Successor Company, as the case may be, and not to the Issuer or Altra), and may exercise every right and power of the Issuer or Altra, as the case may be, under this Indenture with
the 

  
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same effect as if such successor Person had been named as the Issuer or Altra herein, as applicable; provided, however, that the predecessor Issuer or Altra, as the case may be,
shall not be relieved from its obligations under this Indenture, the Notes and the Guarantee, as the case may be, in the case of any lease of all or substantially all of the Issuer’s or Altra’s, as the case may be, properties or assets
whether in one transaction or a series of transactions, to one or more other Persons. 
 Article VI 

DEFAULTS AND REMEDIES 

Section 6.01 Events of Default. Each of the following constitutes an “Event of Default” with respect to the Notes: 

(a) default in payment when due and payable (whether at maturity, upon redemption, acceleration or otherwise) of principal of,
or premium, if any, on the Notes; 
 (b) default for 30 days or more in the payment when due of interest on or with respect
to the Notes; 
 (c) failure by the Issuer or any Guarantor for 60 days after receipt of written notice given by the Trustee
or the Holders of not less than 25% of the aggregate principal amount of the then Outstanding Notes (with a copy to the Trustee) to comply with any of its other obligations, covenants or agreements (other than a default referred to in clauses
(a) and (b) above) contained in this Indenture or the Notes; 
 (d) default under any mortgage, indenture or instrument
under which there is issued or by which there is secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries or the payment of which is guaranteed by the Company or any of its Restricted
Subsidiaries, other than Indebtedness owed to the Company or a Restricted Subsidiary, whether such Indebtedness or guarantee exists on the Issue Date or is created after the issuance of the Notes, if both: 

(1) such default either results from the failure to pay any principal of such Indebtedness at its stated final maturity (after
giving effect to any applicable grace periods) or relates to an obligation other than the obligation to pay principal of any such Indebtedness at its stated final maturity and results in the holder or holders of such Indebtedness causing such
Indebtedness to become due prior to its stated maturity; and 
 (2) the principal amount of such Indebtedness, together with
the principal amount of any other such Indebtedness in default for failure to pay principal at stated final maturity (after giving effect to any applicable grace periods), or the maturity of which has been so accelerated, aggregates
$75.0 million or more; 

  
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 (e) failure by the Issuer, the Company or any Significant Subsidiary to pay
final judgments for the payment of money aggregating in excess of $75.0 million, which final judgments remain unpaid, undischarged and unstayed for a period of more than 60 days after such judgment becomes final and non-appealable, and in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by any creditor upon such judgment or decree which is not promptly stayed; 

(f) the Issuer, the Company or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 

(1) commences a voluntary case, files for suspension of payments or any similar relief; 

(2) consents to the entry of an order for relief against it in an involuntary case, files for bankruptcy or commences a similar
insolvency proceeding; 
 (3) consents to the appointment of a Custodian of it or for all or substantially all of its
property; or 
 (4) makes a general assignment for the benefit of its creditors; 

(g) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(1) is for relief against the Issuer, the Company or any Significant Subsidiary in an involuntary case; 

(2) appoints a Custodian of the Issuer, the Company or any Significant Subsidiary for all or substantially all of its property;
or 
 (3) orders the winding up or liquidation of the Issuer, the Company or any Significant Subsidiary; 

or any similar relief is granted under any foreign law or laws, and the order or decree remains unstayed and in effect for 60 days; and 

(h) (i) the Guarantee by the Company or by a Guarantor that is a Significant Subsidiary shall for any reason cease to be in
full force and effect or be declared null and void, or (ii) any responsible officer of any Guarantor that is the Company or is a Significant Subsidiary, as applicable, denies in writing that it has any further liability under its Guarantee or
gives notice to such effect, other than by reason of the termination of the Indenture or the release of any such Guarantee in accordance with this Indenture. 

The term “Custodian” means, for the purposes of this Article VI only, any receiver, trustee, assignee, liquidator, custodian
or similar official under any Bankruptcy Law. 

  
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 The Issuer shall, within 30 days of any Officer becoming aware of any continuing Default,
deliver to the Trustee a statement specifying such Default and steps to be taken to cure such Default. 
 Section 6.02
Acceleration. 
 (a) If an Event of Default (other than an Event of Default specified in Section 6.01(f) or 6.01(g) with respect
to the Company or the Issuer) occurs and is continuing, the Trustee or the Holders of not less than 25% of the aggregate principal amount of the Outstanding Notes by notice to the Issuer (and to the Trustee, if notice is given by the Holders), may
declare the principal amount of and accrued and unpaid interest on all the Notes to be due and payable. Upon the effectiveness of such a declaration, such amounts shall be due and payable immediately. Notwithstanding the foregoing portion of this
Section 6.02, if an Event of Default specified in Section 6.01(f) or 6.01(g) with respect to the Company or the Issuer occurs, the principal amount of and accrued and unpaid interest and any other monetary obligations on all the Notes
shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

(b) At any time after the principal of the Notes shall have been so declared due and payable (or have become immediately due and payable), and
before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided, the Holders of a majority in principal amount of the Notes then Outstanding hereunder, by written notice to the Issuer and
the Trustee, may rescind and annul such declaration and its consequences if: (i) the Issuer has paid or deposited with the Trustee a sum sufficient to pay all matured installments of interest upon all the Notes and the principal of any and all
Notes that shall have become due otherwise than by acceleration (with interest upon such principal, and, to the extent that such payment is enforceable under applicable law, upon overdue installments of interest, at the rate per annum expressed in
the Notes to the date of such payment or deposit and all reasonable expenses, disbursements and advances of the Trustee (including reasonable compensation, disbursements and expenses of the Trustee’s counsel) and compensation for the
Trustee’s services) and (ii) any and all Events of Default under this Indenture with respect to the Notes, other than the nonpayment of principal and interest, if any, on Notes that have become due solely by such declaration of
acceleration, shall have been remedied or waived as provided in Section 6.04. No such rescission shall affect any subsequent Default or impair any right consequent thereto. 

(c) In the event of any Event of Default specified in Section 6.01(d), such Event of Default and all consequences thereof (excluding any
resulting payment default, other than as a result of acceleration of the Notes) shall be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders, if within 30 days after such Event of Default arose: 

(1) the Indebtedness or guarantee that is the basis for such Event of Default has been discharged; 

(2) holders thereof have rescinded or waived the acceleration, notice or action (as the case may be) giving rise to such Event
of Default; or 

  
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 (3) the default that is the basis for such Event of Default has been cured.

 Section 6.03 Other Remedies. If an Event of Default with respect to the Notes occurs and is continuing, the Trustee may
proceed to protect and enforce its rights and the rights of the Holders by such appropriate judicial proceedings as shall be most effectual to protect and enforce such rights. 

The Trustee may institute and maintain a suit or legal proceeding even if it does not possess any of the Notes or does not produce any of them
in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default with respect to the Notes shall not impair the right or remedy or constitute a waiver of or acquiescence in the
Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 

Section 6.04 Waiver of Past Defaults. The Holders of a majority in principal amount of the Outstanding Notes may, on behalf of the
Holders of all the Notes by written notice to the Trustee, waive an existing Default except (i) a Default in the payment of the principal amount of, premium, if any, and accrued and unpaid interest on the Notes, (ii) a Default arising from
the failure to redeem or purchase any Note when required pursuant to the terms of this Indenture or (iii) a Default in respect of a provision that under Section 9.02 cannot be amended without the consent of each Holder affected;
provided, however, that the Holders of a majority in principal amount of the Outstanding Notes may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration in accordance
with Section 6.02. When a Default is waived, it shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, but no such waiver shall extend to any subsequent or other Default or impair any consequent
right. 
 Section 6.05 Control by Majority. The Holders of a majority in principal amount of the Outstanding Notes may direct
the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee; provided that (i) such direction shall not conflict with law or this Indenture
or expose the Trustee to personal liability, or be unduly prejudicial to Holders not joining therein, and (ii) the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Prior to taking any
action hereunder, the Trustee shall be entitled to security or indemnity reasonably satisfactory to the Trustee against all fees, losses and expenses related to taking or not taking such action. The Trustee shall be under no obligation to exercise
any of the rights or powers under this Indenture at the request or direction of any Holders unless such Holders have offered to the Trustee indemnity or security reasonably satisfactory to the Trustee against any loss, liability or expense. 

Section 6.06 Limitation on Suits. Except to enforce the right to receive payment of the principal amount of, premium (if any) and
accrued and unpaid interest on the Notes held by such Holder when due, no Holder of a Note may pursue any remedy with respect to this Indenture or the Notes unless: 

  
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 (a) such Holder has previously given the Trustee written notice that an
Event of Default with respect to the Notes is continuing; 
 (b) Holders of at least 25% in the aggregate principal amount of
all Outstanding Notes have requested in writing that the Trustee pursue the remedy; 
 (c) Holders of the Notes have offered
the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense in connection therewith; 

(d) the Trustee has not complied with such request within 60 days after the receipt thereof and the offer of security or
indemnity; and 
 (e) Holders of a majority in principal amount of all Outstanding Notes have not given the Trustee a
direction inconsistent with such request within such 60-day period. 
 A Holder of Notes may not use
this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 
 Section 6.07
Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the contractual right of any Holder expressly set forth in this Indenture to institute suit for the enforcement of any payment with respect to such
Holder’s Notes or the Guarantees, is absolute and unconditional and shall not be impaired or affected without the consent of such Holder. 

Section 6.08 Collection Suit by Trustee. If an Event of Default specified in Section 6.01(a) or (b) occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount then due and owing (together with interest on any unpaid interest to the extent lawful) and any amounts provided
for hereunder. 
 Section 6.09 Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or
documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any
judicial proceedings relative to the Issuer and the Guarantors, their creditors or their property and shall be entitled and empowered to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the
same, and any custodian, receiver, assignee, trustee or liquidator (or other similar official) in any such judicial proceeding is hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent to
the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due to the
Trustee hereunder. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes
or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

  
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 Section 6.10 Priorities. Any money or property collected by the Trustee pursuant
to this Article VI with respect to the Notes shall be applied in the following order, at the date or dates fixed by the Trustee, and, in case of the distribution of such money on account of principal or interest, upon presentation of the Notes and
the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 FIRST: to the Trustee acting in any
capacity hereunder, including as Agent, for all amounts due hereunder; 
 SECOND: to Holders, for amounts due and unpaid on the Notes for the
principal amount of, premium, if any, and accrued and unpaid interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for the principal amount of, premium, if any, and accrued and unpaid
interest, respectively; and 
 THIRD: to the Issuer. 

Section 6.11 Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit
against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing, by any party litigant in the suit, of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not
apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in principal amount of the then Outstanding Notes. 

Section 6.12 Waiver of Stay or Extension Laws. The Issuer (to the extent it may lawfully do so) agrees that it shall not at any
time insist upon, plead or in any manner whatsoever claim to take the benefit or advantage of any stay or extension law, wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture;
and the Issuer (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit
the execution of every such power as though no such law had been enacted. 
 Article VII 

TRUSTEE 

Section 7.01 Duties of Trustee. (a) If an Event of Default has occurred and is continuing with respect to the Notes, the
Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in the exercise thereof, as a prudent person would exercise or use under the circumstances in the conduct of his or her
own affairs. 
 (b) Except during the continuance of an Event of Default: 

  
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 (1) the Trustee undertakes to perform such duties and only such duties as
are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of willful misconduct on its part, the Trustee may conclusively rely, as to the truth of the statements and
the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of any such certificates or opinions which by any provision hereof
are specifically required to be furnished to the Trustee, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of
mathematical calculations or other facts stated therein nor shall the Trustee have any responsibility or liability for any information set forth therein). 

(c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent
failure to act or its own willful misconduct, except that: 
 (1) this paragraph does not limit the effect of paragraph
(b) of this Section 7.01; 
 (2) the Trustee shall not be liable for any error of judgment made in good faith
unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (3) the Trustee shall not be
liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05; and 

(4) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds to believe that repayment of such funds or adequate indemnity against such risk or liability is not
reasonably assured to it. 
 (d) Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.01. 

(e) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Issuer. 

(f) Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

Section 7.02 Rights of Trustee. 

  
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 (a) The Trustee may conclusively rely on, and shall be protected in acting or refraining
from acting upon, any resolution, certificate, statement, instrument, opinion, notice, report, bond, request, direction, consent, order or other document believed by it to be genuine and to have been signed or presented by the proper Person or
Persons. The Trustee need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee acts or refrains from acting,
it shall receive an Officer’s Certificate and an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officer’s Certificate or Opinion of Counsel. 

(c) The Trustee may act through agents or attorneys and shall not be responsible for the misconduct or negligence of any agent or attorney
appointed by it with due care. No Depositary shall be deemed an agent of the Trustee, and the Trustee shall not be responsible for or have any liability for any act or omission by any Depositary. 

(d) The Trustee may consult with counsel of its choice, and the advice or opinion of counsel shall be full and complete authorization and
protection in respect of any action taken, omitted or suffered by it hereunder in reliance thereon. 
 (e) Unless otherwise specifically
provided in this Indenture, any demand, request, direction or notice from the Issuer shall be sufficient if signed by an Officer of the Issuer, and the Trustee may rely thereon. 

(f) The Trustee shall not be deemed to have knowledge of any Default or Event of Default with respect to the Notes unless written notice of
such a Default is received by a Responsible Officer of the Trustee at the office of the Trustee, and such notice references such Notes and this Indenture and states that it is a notice of Default. 

(g) The rights, privileges, protections, immunities and benefits given to the Trustee hereunder, including, without limitation, its right to be
indemnified, are extended to and shall be enforceable by the Trustee in each of its capacities and any Agent. 
 (h) The Trustee shall be
under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity
reasonably satisfactory to the Trustee against the fees, costs, expenses and liabilities which might be incurred by the Trustee in compliance with such request or direction. 

(i) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee may make such further inquiry or investigation into such facts or matters as
it may see fit, and if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Issuer, personally or by agent or attorney at the sole cost of the Issuer and
shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

  
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 (j) The Trustee shall not be liable for any action taken, suffered, or omitted to be taken
by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture. 

(k) The Trustee shall not be required to give any bond or surety in respect of the performance of its duties or powers hereunder. 

(l) The Trustee may request that the Issuer deliver a certificate of incumbency setting forth the names of individuals or titles of officers
authorized at such time to take specified actions pursuant to this Indenture. 
 (m) In no event shall the Trustee be responsible or liable
for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism,
civil or military disturbances, nuclear or natural catastrophes or other force majeure events, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the
Trustee shall use commercially reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

(n) The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, as amended, the Trustee, in accordance
with requirements applicable to financial institutions, may be 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. Each party to this
Indenture agrees that it will provide the Trustee with such information as the Trustee may request in order for the Trustee to comply with the requirements of the U.S.A. Patriot Act applicable to the Trustee. 

(o) The Trustee shall not be responsible or liable for special, indirect, punitive or consequential losses or damages (including, but not
limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

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

Section 7.03 Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of
Notes and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or co-paying agent may do the same with like rights.
However, the Trustee must comply with Sections 7.10 and 7.11. 
 Section 7.04 Trustee’s Disclaimer. The
Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Issuer’s uses of the proceeds from the Notes, and it shall not be responsible
for any statement of the Issuer or the Guarantors in this Indenture, in the Notes or in 

  
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any document executed in connection with the sale of the Notes, other than those set forth in the Trustee’s certificate of authentication. The recitals contained herein and in the Notes
shall be taken as the statements of the Issuer and the Guarantors, and the Trustee assumes no responsibility or liability for their correctness. 

Section 7.05 Notice of Defaults. If a Default with respect to Notes occurs and is continuing and if it is actually known to a
Responsible Officer of the Trustee, the Trustee shall mail (or electronically deliver in accordance with the procedures of DTC) to each Holder notice of the Default within 60 days after it occurs, unless such Default shall have been cured or waived.
The Trustee may withhold the notice (except in the case of a Default in payment of principal, premium or interest) if and so long as the Trustee determines that withholding the notice is in the interests of the Holders of the Notes. 

Section 7.06 Reports by Trustee to Holders. If this Indenture is qualified under the Trust Indenture Act, unless otherwise
specified in the applicable Board Resolution, supplemental indenture hereto or Officer’s Certificate, within 60 days after each May 15, beginning with May 15, 2020 for so long as Notes remain Outstanding, the Trustee shall mail or
otherwise deliver to each Holder a brief report dated as of such reporting date in accordance with and to the extent required under § 313(a) of the Trust Indenture Act. The Trustee shall also comply with § 313(b)(2) of the Trust Indenture
Act. 
 A copy of each report at the time of its mailing to Holders shall be filed with each stock exchange (if any) on which the Notes are
listed, if required by the rules of such stock exchange. The Issuer agrees to notify promptly the Trustee whenever the Notes become listed on any stock exchange and of any delisting thereof. 

Section 7.07 Compensation and Indemnity. The Issuer and the Guarantors shall pay to the Trustee (acting in any capacity hereunder)
and any Agent from time to time compensation for all services rendered by the Trustee as the Issuer and the Trustee shall agree in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express
trust. The Issuer and the Guarantors shall reimburse the Trustee (acting in any capacity hereunder) and any Agent upon request for all reasonable and duly documented
out-of-pocket expenses, disbursements and advances incurred or made by it in accordance with any provision of this Indenture, including costs of collection and the fees,
expenses and disbursements of their respective agents and counsel, in addition to the reasonable compensation for their respective services. The Issuer and Guarantors, jointly and severally, shall indemnify and hold harmless the Trustee (acting in
any capacity hereunder) or any Agent and their respective officers, directors, employees and agents against any and all loss, liability or expense incurred on its part, arising out of or in connection with the acceptance or administration of this
Indenture or the transactions contemplated hereunder, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its powers or duties hereunder. The Trustee or any
Agent shall notify the Issuer of any claim for which it may seek indemnity promptly upon obtaining actual knowledge thereof; provided, however, that any failure to so notify the Issuer shall not relieve the Issuer and Guarantors of
their indemnity obligations hereunder. Neither the Issuer nor any Guarantor will need to reimburse any expense or indemnify against any loss, liability or expense incurred by an indemnified party attributable to such party’s own gross
negligence or willful misconduct as determined by a court of competent jurisdiction in a final non-appealable order. The Issuer and the Guarantors shall not be obligated to pay any settlement effected without
their prior written consent (which shall not be unreasonably withheld). 

  
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 To secure the Issuer’s and the Guarantors’ payment obligations in this
Section 7.07, the Trustee shall have a lien prior to the Notes on all money or property held or collected by the Trustee, other than money or property held in trust to pay the principal of or interest on particular Notes. 

The Issuer’s and the Guarantors’ payment obligations pursuant to this Section 7.07 and the rights, protections and indemnities
afforded to the Trustee and any Agent under this Article VII shall survive the satisfaction or discharge of this Indenture or the resignation or removal of the Trustee or any Agent, as the case may be. When the Trustee or any Agent incurs expenses
after the occurrence of a Default specified in Section 6.01(f) or (g) with respect to the Issuer, the expenses are intended to constitute expenses of administration under the Bankruptcy Law. 

Any right, protection and indemnity provided to the Trustee hereunder shall also be afforded to any Agent hereunder or under any supplemental
indenture. 
 Section 7.08 Replacement of Trustee. The Trustee may resign by so notifying the Issuer in writing at least 30 days
prior to the date of the proposed resignation. The Holders of a majority in principal amount of the Notes may remove the Trustee and may appoint a successor Trustee by so notifying the Trustee and the Issuer in writing not less than 30 days prior to
the effective date of such removal. The Issuer shall remove the Trustee: 
 (a) the Trustee fails to comply with
Section 7.10; 
 (b) the Trustee is adjudged bankrupt or insolvent; 

(c) a receiver or other public officer takes charge of the Trustee or its property; or 

(d) the Trustee otherwise becomes incapable of acting. 

If the Trustee resigns, is removed by the Issuer or by the Holders of a majority in principal amount of the Notes and such Holders do not
reasonably promptly appoint a successor Trustee or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Issuer shall promptly appoint a successor Trustee. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuer. Thereupon the resignation
or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee with respect to the Notes for which it is acting as Trustee under this Indenture. The successor Trustee
shall mail or otherwise deliver a notice of its succession to Holders of the Notes. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.07. 

  
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 If a successor Trustee does not take office within 60 days after the retiring Trustee
resigns or is removed, the retiring Trustee or the Holders of at least a majority in principal amount of the Notes may petition, at the expense of the Issuer, any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee fails to comply with Section 7.10, any Holder may petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor Trustee. 
 Notwithstanding the replacement of the Trustee pursuant to this Section 7.08,
the Issuer’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee with respect to fees, expenses and liabilities incurred by it prior to such replacement. The retiring or removed Trustee shall have no
responsibility or liability for the action or inaction of any successor Trustee. 
 Section 7.09 Successor Trustee by Merger. If
the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business or assets to, another Person, the resulting, surviving or transferee Person without any further act shall be the successor
Trustee. 
 In case at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the
trusts created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver such Notes so authenticated; and
if at that time any of the Notes shall not have been authenticated, any such successor to the Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases
such certificates shall have the full force which it is anywhere in the Notes or in this Indenture. 
 Any corporation into which the
Trustee or any Paying Agent may be merged or converted, or any corporation with which the Trustee or Paying Agent may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee or Paying Agent
shall be a party, or any corporation, including affiliated corporations, to which the Trustee or Paying Agent shall sell or otherwise transfer: (a) all or substantially all of its assets or (b) all or substantially all of its corporate
trust business shall, on the date when the merger, conversion, consolidation or transfer becomes effective and to the extent permitted by any applicable laws and subject to any credit rating requirements set out in this Indenture become the
successor Trustee or Paying Agent under this Indenture or any supplemental indenture without the execution or filing of any paper or any further act on the part of the parties to this Indenture, unless otherwise required by the Issuer, and after the
said effective date all references in this Indenture or supplemental indenture to the Trustee or any Paying Agent shall be deemed to be references to such successor corporation. Written notice of any such merger, conversion, consolidation or
transfer shall immediately be given to the Issuer by the Trustee or Paying Agent, as applicable. 

  
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 Section 7.10 Eligibility; Disqualification. The Trustee shall at all times
satisfy the requirements of Trust Indenture Act § 310(a)(1), (2) and (5). The Trustee shall have a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee shall
comply with TIA § 310(b); provided, however, that there shall be excluded from the operation of Trust Indenture Act § 310(b)(1) the following: (i) the Notes issued under this Indenture and (ii) any other indenture
or indentures under which other securities or certificates of interest or participation in other securities of the Issuer are outstanding if the requirements for such exclusion set forth in Trust Indenture Act § 310(b)(1) are met. 

Section 7.11 Preferential Collection of Claims Against the Issuer and Guarantors. The Trustee shall comply with Trust Indenture
Act § 311(a), excluding any creditor relationship listed in Trust Indenture Act § 311(b). A Trustee who has resigned or has been removed shall be subject to Trust Indenture Act § 311(a) to the extent indicated. 

Article VIII 
 LEGAL
DEFEASANCE, COVENANT DEFEASANCE 
 AND SATISFACTION AND DISCHARGE 

Section 8.01 Option To Effect Legal Defeasance or Covenant Defeasance. The Issuer may, at any time, elect to have either
Section 8.02 or 8.03 hereof be applied to all Outstanding Notes upon compliance with the conditions set forth below in this Article VIII. 

Section 8.02 Legal Defeasance and Discharge. Upon the Issuer’s exercise under Section 8.01 hereof of the option
applicable to this Section 8.02 with respect to the Notes, the Issuer and each Guarantor shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have been discharged from its obligations with
respect to all Outstanding Notes on the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuer shall be deemed to have paid and discharged the
entire indebtedness represented by the Outstanding Notes, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in clauses (a)and
(b) below, and to have satisfied all its other obligations under the Notes and this Indenture (and the Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging the same), except for the following
provisions which shall survive until otherwise terminated or discharged hereunder: 
 (a) the Issuer’s obligations with
respect to the Notes under Article II hereof; 
 (b) the rights, indemnities and immunities of the Trustee (and any Agent)
hereunder and the Issuer’s and Guarantors’ obligations in connection therewith (including, but not limited to, the rights of the Trustee (and any Agent) and the duties of the Issuer and Guarantors under Section 7.07, which shall
survive despite the satisfaction in full of all obligations hereunder); and 
 (c) Sections 8.02, 8.04, 8.05, 8.06, 8.07, and
8.08 hereof. 
 Subject to compliance with this Article VIII, the Issuer may exercise its option under this Section 8.02
notwithstanding the prior exercise of its option under Section 8.03 hereof. In the event that the Issuer terminates all of its obligations under the Notes and this Indenture by exercising the Legal Defeasance option or the Covenant Defeasance
option, the obligations of each Guarantor under its Guarantee of the Notes shall be terminated simultaneously with the termination of such obligations. 

  
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 Section 8.03 Covenant Defeasance. Upon the Issuer’s exercise under
Section 8.01 hereof of the option applicable to this Section 8.03 with respect Notes, the Issuer and the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from its obligations
under the covenants contained in Sections 4.02 (other than Section 4.02(e)), 4.05, 4.06, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 5.01(a)(3), 5.01(b)(3), 5.01(b)(4) and 10.06(b) of this Indenture on and after the date the conditions set forth in
Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed not “Outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the
consequences of any thereof) in connection with such covenants, but shall continue to be deemed “Outstanding” for all other purposes hereunder (it being understood that the Notes shall not be deemed Outstanding for accounting purposes).
For this purpose, Covenant Defeasance means that, with respect to the Outstanding Notes, the Issuer and its Restricted Subsidiaries may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any
such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply
shall not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and the Notes shall be unaffected thereby. In addition, upon the Issuer’s exercise under
Section 8.01 hereof of the option applicable to this Section 8.03 with respect to the Notes, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(c) (only with respect to defeased covenants
hereunder), 6.01(d) and 6.01(e) hereof shall not constitute Events of Default with respect to such Notes. In the event that the Issuer terminates all of its obligations under the Notes and this Indenture by exercising the Legal Defeasance option or
the Covenant Defeasance option, the obligations of each Guarantor under its Guarantee of such Notes shall be terminated simultaneously with the termination of such obligations. 

Section 8.04 Conditions to Legal or Covenant Defeasance. The following shall be the conditions to the application of either
Section 8.02 or 8.03 hereof to the Outstanding Notes: 
 In order to exercise either Legal Defeasance or Covenant Defeasance with
respect to the Notes: 
 (a) the Issuer must irrevocably deposit or cause to be irrevocably deposited with the Trustee, in
trust, for the benefit of the Holders of the Notes, cash in U.S. Dollars, Government Securities or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay
the principal of, premium, if any, and interest on the Outstanding Notes on the stated date for payment thereof or on the applicable redemption date, as the case may be; 

  
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 (b) in the case of an election under Section 8.02 hereof, the Issuer
shall have delivered, or cause to be delivered, to the Trustee an Opinion of Counsel, subject to customary assumptions and exclusions, confirming that (1) the Issuer has received from, or there has been published by, the U.S. Internal Revenue
Service a ruling, or (2) since the date of this Indenture, there has been a change in the applicable U.S. federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel, subject to customary assumptions and
exclusions, shall confirm that, the Holders of the Outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes, as applicable, as a result of such Legal Defeasance and will be subject to U.S. federal income tax on
the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(c) in the case of an election under Section 8.03 hereof, the Issuer shall have delivered, or cause to be delivered, to
the Trustee an Opinion of Counsel, subject to customary assumptions and exclusions, confirming that the Holders of the Outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant
Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(d) no Default or Event of Default shall have occurred and be continuing on the date the Issuer makes such deposits (other than
a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit and any similar and simultaneous deposit relating to other Indebtedness, and in each case, the granting of Liens in connection therewith); 

(e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under,
the Senior Secured Credit Facilities or any other material agreement or instrument (other than this Indenture) to which the Issuer or any Guarantor is a party or by which the Issuer or any Guarantor is bound (other than that resulting with respect
to any Indebtedness being defeased from any borrowing of funds to be applied to make the deposit required to effect such Legal Defeasance or Covenant Defeasance and any similar and simultaneous deposit relating to such Indebtedness, and the granting
of Liens in connection therewith); 
 (f) the Issuer shall have delivered, or shall have caused to be delivered, to the
Trustee an Officer’s Certificate stating that the deposit was not made by the Issuer with the intent of defeating, hindering, delaying or defrauding any creditors of the Issuer or any Guarantor or others; and 

(g) the Issuer shall have delivered, or shall have caused to be delivered, to the Trustee an Officer’s Certificate and an
Opinion of Counsel (which Opinion of Counsel may be subject to customary assumptions and exclusions) each stating that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance, as the case may be, have
been complied with. 
 Notwithstanding the foregoing, the Opinion of Counsel referred to in clause (b) with respect to a Legal
Defeasance shall not be required if all Notes not thereof delivered to the Trustee for cancellation (x) have become due and payable, or (y) will become due and payable on the Maturity Date within one year under arrangements satisfactory to
the Trustee for giving of notice of redemption by the Trustee, in the Issuer’s name, and at the Issuer’s expense. 

  
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 Section 8.05 Deposited Money and Government Obligations to be Held in Trust; Other
Miscellaneous Provisions. Subject to Section 8.06 hereof, all money, Government Securities (including any proceeds thereof) deposited with the Trustee pursuant to Section 8.04 hereof in respect of the Outstanding Notes shall be held in
trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as Paying Agent) as the Trustee may determine, to the
Holders of the Notes of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 

The Issuer and Guarantors shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash,
Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Outstanding Notes. 

Anything in this Article VIII to the contrary notwithstanding, the Trustee shall deliver or pay to the Issuer from time to time upon the
request of the Issuer any money, Government Securities Obligations held by it as provided in Section 8.04 hereof that, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof
delivered to the Trustee (which may be the opinion delivered under Section 8.04 hereof), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

Section 8.06 Repayment to the Issuer. Any money deposited with the Trustee or any Paying Agent, or then held by the Issuer,
in trust for the payment of the principal of, premium, if any, or interest on any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Issuer on its request
or, if then held by the Issuer, shall be discharged from such trust; and the Holder of such Note shall thereafter look only to the Issuer for payment thereof as general creditors, unless an applicable abandoned property law designates another
person, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before
being required to make any such repayment, may at the expense of the Issuer cause to be published once, in the New York Times or The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified
therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Issuer. 

Section 8.07 Satisfaction and Discharge of Indenture. If at any time: 

(a) either: 

  
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 (1) all Notes theretofore authenticated and delivered, except lost, stolen
or destroyed Notes that have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust, have been delivered to the Trustee for cancellation; or 

(2) all Notes not theretofore delivered to the Trustee for cancellation have become due and payable by reason of the making of
a notice of redemption or otherwise, will become due and payable within one year or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and
at the expense, of the Issuer and the Issuer or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders of any Notes, cash in U.S. dollars, Government
Securities, or a combination thereof, in such amounts as will be sufficient without consideration of any reinvestment of interest to pay and discharge the entire indebtedness on the Notes not theretofore delivered to the Trustee for cancellation for
principal, premium, if any, and accrued interest to the date of maturity or redemption; 
 (b) the Issuer has paid or caused
to be paid all sums payable by it under this Indenture; 
 (c) the Issuer has delivered irrevocable instructions to the
Trustee to apply the deposited money toward the payment of the Notes at maturity or the redemption date, as the case may be; and 

(d) the Issuer shall have delivered to the Trustee an Opinion of Counsel and an Officer’s Certificate, each stating that
all conditions precedent relating to the satisfaction and discharge of this Indenture have been complied with, 
 then this
Indenture shall thereupon cease to be of further effect with respect to the Notes except for the rights, indemnities and immunities of the Trustee hereunder and the Issuer’s and the Guarantors’ obligations in connection therewith
(including, but not limited to, the rights of the Trustee and the duties of the Issuer and the Guarantors under Section 7.07, which shall survive despite the satisfaction in full of all obligations hereunder). If money shall have been deposited
with the Trustee pursuant to this Section 8.07: 
 (1) the Issuer’s obligations with respect to the Notes under
Article II; 
 (2) the agreements of the Issuer, the Company and the Subsidiary Guarantors set forth in Article V; and 

(3) Sections 8.02, 8.04 , 8.05, 8.06, 8.07, 8.08 and 11.11 hereof, shall each survive until the Notes have been paid in full.

 Upon the Issuer’s exercise of this Section 8.07, the Trustee, on demand of the Issuer and at the cost and expense of the
Issuer, shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to the Notes. 

  
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 Section 8.08 Reinstatement. If the Trustee or any Paying Agent is unable to
apply any U.S. dollars or Government Securities Obligations in accordance with this Article VIII, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such
application, then the Issuer’s and the Guarantors’ obligations under this Indenture, the Notes and the Guarantees shall be revived and reinstated as though no deposit had occurred pursuant to this Article VIII until such time as the
Trustee or Paying Agent is permitted to apply all such money in accordance this Article VIII; provided, however, that, if the Issuer makes any payment of principal of, premium, if any, or interest on any Note following the
reinstatement of their obligations, the Issuer shall be subrogated to the rights of the Holders of the Notes to receive such payment from the money held by the Trustee or Paying Agent. 

Article IX 
 AMENDMENTS

 Section 9.01 Without Consent of Holders. The Issuer, the Guarantors and the Trustee may amend or supplement this
Indenture, the Guarantees or the Notes without the consent of any Holder: 
 (a) to cure any ambiguity, omission, mistake,
defect or inconsistency; 
 (b) to provide for uncertificated Notes in addition to or in place of certificated Notes or to
alter the provisions of this Indenture relating to the form of the Notes (including the related definitions) in a manner that does not materially adversely affect any Holder (as determined in good faith by the Issuer (which determination shall be
conclusive)); 
 (c) to comply with Section 5.01; 

(d) to provide for the assumption of the Issuer’s or any Guarantor’s obligations to the Holders; 

(e) to make any change that would provide any additional rights or benefits to the Holders or that does not adversely affect
the legal rights under this Indenture of any such Holder (as determined in good faith by the Issuer (which determination shall be conclusive)); 

(f) to add covenants for the benefit of the Holders or to surrender any right or power conferred upon the Issuer or any
Guarantor; 
 (g) to evidence and provide for the acceptance and appointment under this Indenture of a successor Trustee
hereunder pursuant to the requirements hereof; 
 (h) to provide for the issuance of Additional Notes in accordance with this
Indenture; 

  
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 (i) to add a Guarantor under this Indenture and to allow a Guarantor to
execute a supplemental indenture or guarantee the Notes or to release a Guarantor in accordance with the terms of this Indenture; 

(j) to conform the text of this Indenture, the Guarantees or the Notes to any provisions of the “Description of
Notes” in the Offering Memorandum; 
 (k) to make any amendment to the provisions of this Indenture relating to the
transfer and legending of Notes as permitted by this Indenture, including to facilitate the issuance and administration of the Notes; provided, however, that (i) compliance with this Indenture as so amended would not result in
Notes being transferred in violation of the Securities Act or any applicable securities law and (ii) such amendment does not materially and adversely affect the rights of Holders to transfer Notes (in each case, as determined in good faith by
the Issuer (which determination shall be conclusive)); 
 (l) to provide for the issuance of the Notes in a manner consistent
with the terms of this Indenture; or 
 (m) to comply with requirements of the SEC in order to effect or maintain the
qualification of this Indenture under the Trust Indenture Act. 
 Section 9.02 With Consent of Holders. Except as provided
below, this Indenture, any Guarantee and the Notes may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes then Outstanding, including consents obtained in connection
with a purchase of, or tender offer or exchange offer for, Notes and any existing Default or compliance with any provision of this Indenture or the Notes may be waived with the consent of the Holders of a majority in aggregate principal amount of
the Notes then Outstanding (including consents obtained in connection with a purchase of or tender offer or exchange offer for the Notes). However, without the consent of each Holder affected, an amendment or waiver may not, with respect to any
Notes held by a non-consenting Holder: 
 (a) make any change in the percentage of
the principal amount of the Notes required for amendments or waivers; 
 (b) reduce the principal of or change the fixed
final maturity of any Note or change the date on which any Notes may be subject to redemption or reduce the redemption price therefor; 

(c) reduce the rate of or change the time for payment of interest on any Note; 

(d) (A) waive a Default in the payment of principal of or premium, if any, or interest on the Notes, except a rescission of
acceleration of the Notes by the Holders of a majority in aggregate principal amount of all then Outstanding Notes, and a waiver of the Event of Default under Section 6.01(a) or 6.01(b) that resulted from such acceleration, or (B) waive a
Default in respect of a covenant or provision contained in this Indenture or any Guarantee which cannot be amended or modified without the consent of all Holders; 

  
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 (e) make any Note payable in money other than U.S. dollars; 

(f) make any change in Section 9.01 or this Section 9.02; 

(g) impair the contractual right of any Holder expressly set forth in this Indenture to institute suit for the enforcement of
any payment on or with respect to such Holder’s Notes or the Guarantees; or 
 (h) make any change to or modify the
ranking of the Notes that would adversely affect the Holders thereof. 
 It shall not be necessary for the consent of the Holders under this
Section 9.02 to approve the particular form of any proposed amendment or supplement, but it shall be sufficient if such consent approves the substance thereof. 

For purposes of determining whether the Holders of the requisite principal amount of Notes have taken any action under this Indenture, the
principal amount of Notes shall be deemed to be the principal amount of Notes as of (i) if a record date has been set with respect to the taking of such action, such date or (ii) if no such record date has been set, the date the taking of
such action by the Holders of such requisite principal amount is certified to the Trustee by the Company. 
 Section 9.03 Revocation
and Effect of Consents and Waivers. A consent to an amendment, supplement or a waiver by a Holder of a Note shall bind the Holder and every subsequent Holder of that Note or portion of the Note that evidences the same debt as the consenting
Holder’s Note, even if notation of the consent or waiver is not made on the Note. However, any such Holder or subsequent Holder may revoke the consent or waiver as to such Holder’s Note or portion of the Note if the Trustee receives the
notice of revocation before the date the supplemental indenture or other instrument providing for the applicable amendment, supplement or waiver becomes operative. After an amendment, supplement or waiver becomes effective, it shall bind every
Holder of such Note affected by such amendment, supplement or waiver. 
 The Issuer may, but shall not be obligated to, fix a record date
for the purpose of determining the Holders entitled to give their consent or take any other action required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph
those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons
continue to be Holders after such record date. 
 Section 9.04 Notation on or Exchange of Notes. If an amendment changes the
terms of a Note, the Trustee may require the Holder of the Note to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note regarding the changed terms and return it to the Holder. Alternatively, if the Trustee or the
Issuer so determine, the Issuer in exchange for the Note shall issue and the Trustee, upon an Issuer Order, shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation or to issue a new Note shall not
affect the validity of such amendment. 

  
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 Section 9.05 Trustee to Sign Amendments. Upon the request of the Issuer, the
Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article IX if the amendment, supplement or waiver does not affect the rights, duties or immunities of the Trustee under this Indenture or otherwise. If it does, the
Trustee may, but need not, sign it. In signing any amendment, supplement or waiver the Trustee shall be provided with and shall be fully protected in relying upon an Officer’s Certificate and an Opinion of Counsel, each stating that the
execution of such amendment, supplement or waiver is authorized or permitted by this Indenture, and solely with respect to the Opinion of Counsel, that such amendment, supplement or waiver is enforceable in accordance with its terms, subject to
bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights and to general equity principles. The Trustee shall also be entitled to request indemnity satisfactory
to it in connection with signing an amendment, supplement or waiver or taking any action (or refraining from taking any action) thereunder or in connection therewith. 

Section 9.06 [Reserved]. 

Article X 
 GUARANTEES 

Section 10.01 Guarantees. 

(a) Each Guarantor that guarantees the Notes pursuant to this Indenture, jointly and severally, irrevocably and unconditionally guarantees, as
a primary obligor and not merely as a surety, to each Holder and the Trustee and their successors and assigns (i) the full and punctual payment when due, whether at maturity, by acceleration or otherwise, of all obligations of the Issuer under
this Indenture (including obligations to the Trustee) and the Notes, whether for payment of principal of, premium, if any, or interest on the Notes and all other monetary obligations of the Issuer under this Indenture and the Notes and (ii) the
full and punctual performance within applicable grace periods of all other obligations of the Issuer whether for fees, expenses, indemnification or otherwise under this Indenture and the Notes, on the terms set forth in this Indenture by executing
this Indenture (all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or
further assent from each such Guarantor, and that such Guarantor shall remain bound under this Article X notwithstanding any extension or renewal of any Guaranteed Obligation. 

(b) Each Guarantor waives presentation to, demand of payment from and protest to the Issuer of any of the Guaranteed Obligations and also
waives notice of protest for nonpayment. Each Guarantor waives notice of any Default under the Notes or the Guaranteed Obligations. 
 (c)
Each Guarantor further agrees that its Guarantee herein constitutes a guarantee of payment, performance and compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder or the Trustee
to any security held for payment of the Guaranteed Obligations. 

  
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 (d) Except as expressly set forth in Section 10.02, the obligations of each Guarantor
hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim,
recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. 

(e) Subject to Section 10.02 and Section 10.03 hereof, each Guarantor agrees that its Guarantee shall remain in full force and effect
until payment in full of all the Guaranteed Obligations. Each Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment of, or any part thereof, principal of or
interest on any Guaranteed Obligation is rescinded or must otherwise be restored by any Holder or the Trustee upon the bankruptcy or reorganization of the Issuer or any of its Subsidiaries or otherwise. 

(f) In furtherance of the foregoing and not in limitation of any other right which any Holder or the Trustee has at law or in equity against
any Guarantor by virtue hereof, upon the failure of the Issuer to pay the principal of or interest on any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise, or to perform or
comply with any other Guaranteed Obligation, each Guarantor hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Trustee an amount equal to the sum of (i) the unpaid
principal amount of such Guaranteed Obligations, (ii) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent not prohibited by applicable law) and (iii) all other monetary obligations of the Issuer to the
Trustee. 
 (g) Each Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Trustee in respect of any
Guaranteed Obligations guaranteed hereby until payment in full of all Guaranteed Obligations. Each Guarantor further agrees that, as between it, on the one hand, and the Trustee, on the other hand, (i) the maturity of the Guaranteed Obligations
guaranteed hereby may be accelerated as provided in Article VI for the purposes of any Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guaranteed Obligations guaranteed
hereby, and (ii) in the event of any declaration of acceleration of such Guaranteed Obligations as provided in Article VI, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable by such Guarantor for
the purposes of this Section 10.01. 
 (h) Each Guarantor also agrees to pay any and all fees, costs and expenses (including reasonable
attorneys’ fees and expenses) incurred by the Trustee or any Holder in enforcing any rights under this Section 10.01. 

  
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 Section 10.02 Limitation on Liability. Each Guarantor, and by its
acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance
Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that, any term or
provision of this Indenture to the contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed hereunder by any Guarantor shall not exceed the maximum amount that can be hereby guaranteed without rendering this
Indenture, as it relates to such Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally. Each Guarantor that makes a payment under its Guarantee
shall be entitled upon payment in full of all Guaranteed Obligations under this Indenture to a contribution from each other Guarantor in an amount equal to such other Guarantor’s pro rata portion of such payment based on the respective
net assets of all the Guarantors at the time of such payment determined in accordance with GAAP. 
 Section 10.03 Releases. 

(a) A Guarantee as to any Subsidiary Guarantor shall be automatically and unconditionally released and discharged, without
further action required on the part of the Subsidiary Guarantor, the Trustee or any Holder of Notes, upon: 
 (1) any direct
or indirect sale, exchange, transfer or other disposition (by merger, consolidation or otherwise) of the Capital Stock of such Subsidiary Guarantor, after which the applicable Subsidiary Guarantor is no longer a Restricted Subsidiary, if such sale,
exchange, transfer or other disposition is not in violation of the applicable terms of this Indenture; 
 (2) the release or
discharge of the Indebtedness or guarantee of Indebtedness by such Subsidiary Guarantor of the Indebtedness that resulted in the creation of such Guarantee except a release or discharge by or as a result of payment under such guarantee (it being
understood that a release subject to a contingent reinstatement will constitute a release for the purposes of this provision); provided that at the time of such release or discharge, such Subsidiary Guarantor is not then a guarantor or an
obligor in respect of any other third-party Indebtedness that would require it to provide a Guarantee of the Notes under this Indenture; 

(3) the sale, exchange, transfer or other disposition of all or substantially all of the assets of such Subsidiary Guarantor,
in a transaction that is not in violation of the applicable terms of this Indenture, to any Person who is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary (including the Issuer); 

(4) the release or discharge of such Subsidiary Guarantor from its guarantee, and of all pledges and security, if any, granted
by such Subsidiary Guarantor in connection with the Senior Secured Credit Facilities, except a release or discharge by or as a result of payment under such guarantee (it being understood that a release subject to a contingent reinstatement will
constitute a release for the purposes of this provision); provided that at the time of such release or discharge, such Subsidiary Guarantor is not then a guarantor or an obligor in respect of any other third-party Indebtedness that would require it
to provide a Guarantee of the Notes under this Indenture; 

  
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 (5) the designation of any Restricted Subsidiary that is a Subsidiary
Guarantor as an Unrestricted Subsidiary in accordance with Section 4.05 and the definition of “Unrestricted Subsidiary”; 

(6) the merger or consolidation of any Subsidiary Guarantor with and into the Issuer or another Guarantor or upon the
liquidation of such Subsidiary Guarantor following the transfer of all of its assets to the Company or another Guarantor; 

(7) the Issuer exercising its Legal Defeasance option or Covenant Defeasance option with respect to the Notes pursuant to
Article VIII or the Issuer’s obligations under this Indenture being discharged with respect to the Notes in accordance with Article VIII; or 

(8) the occurrence of the Suspension Date as described under Section 4.12; provided that such Guarantee will be
reinstated, if required pursuant to the terms of this Indenture, upon the Reversion Date. 
 (b) The Guarantee by the Company
shall be automatically and unconditionally released and discharged, without further action required on the part of the Company, the Trustee or any Holder of Notes, upon the Issuer exercising its Legal Defeasance option or Covenant Defeasance option
with respect to the Notes pursuant to Article VIII or the Issuer’s obligations under this Indenture being discharged with respect to the Notes in accordance with Article VIII. 

In the case of a release and discharge of any Guarantee, the Issuer shall deliver to the Trustee an Officer’s Certificate and Opinion of
Counsel stating that all conditions precedent provided for in this Indenture relating to the release of such Guarantee shall have been complied with. 

Upon request of the Issuer or the applicable Guarantor, the Trustee shall evidence such release by a supplemental indenture or other
instrument which may be executed by the Trustee without the consent of any Holder of the Notes. 
 Section 10.04 Successors and
Assigns. This Article X shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the event of any transfer or assignment of rights by
any Holder or the Trustee, the rights and privileges conferred upon that party in this Indenture and in the Notes shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions of this Indenture.

 Section 10.05 No Waiver. Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any
right, power or privilege under this Article X shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the
Trustee and the Holders herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article X at law, in equity, by statute or otherwise. 

  
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 Section 10.06 Additional Guarantees. (a) Upon consummation of the
Merger on the date hereof, the Issuer, Altra and each other Altra Guarantor shall execute and deliver to the Trustee a supplemental indenture, in the form of Exhibit B-1 hereto, pursuant to which
(i) Altra will become a party to this Indenture and expressly agrees to be bound by all provisions of this Indenture applicable to it under the Notes and this Indenture (including the provisions of Article IV hereof and all other obligations
(including the Guaranteed Obligations)), and (ii) each other Altra Guarantor (as defined below) will become a Subsidiary Guarantor under this Indenture. Notwithstanding anything herein to the contrary, no Opinion of Counsel or Officer’s
Certificate shall be required in connection with the execution of such supplemental indenture on the date hereof. 
 (b) Following the
Merger, the Company shall cause each Restricted Subsidiary that (i) incurs (other than a Foreign Subsidiary or Foreign Subsidiary Holding Company of the Company), or guarantees any Indebtedness under the Senior Secured Credit Facilities or
(ii) guarantees other third-party long-term Indebtedness of the Issuer or any Guarantor in an aggregate principal amount in excess of $75.0 million, to guarantee the Notes. 

Section 10.07 Execution of Supplemental Indenture for Future Guarantors. Each Subsidiary that is required to become a Guarantor
pursuant to Section 10.06(b) shall promptly execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit B-2 hereto pursuant to which such Subsidiary shall become a
Subsidiary Guarantor under this Article X and shall guarantee the Guaranteed Obligations. Concurrently with the execution and delivery of such supplemental indenture, the Issuer shall deliver to the Trustee an Opinion of Counsel and an
Officer’s Certificate each stating that such supplemental indenture has been duly authorized, executed and delivered by such Subsidiary and that, subject to the application of bankruptcy, insolvency, moratorium, fraudulent conveyance or
transfer and other similar laws relating to creditors’ rights generally and to the principles of equity, whether considered in a proceeding at law or in equity, the Guarantee of such Subsidiary Guarantor is a valid and binding obligation of
such Subsidiary Guarantor, enforceable against such Guarantor in accordance with its terms. 
 Section 10.08 [Reserved]. 

Section 10.09 Benefits Acknowledged. Each Guarantor acknowledges that it will receive direct and indirect benefits from the
financing arrangements contemplated by this Indenture and that the Guarantee and waivers made by it pursuant to its Guarantee are knowingly made in contemplation of such benefits. 

Article XI 
 MISCELLANEOUS

 Section 11.01 [Reserved].  

Section 11.02 Notices. Any notice or communication shall be in writing and delivered in person or mailed by first-class mail,
postage prepaid, electronic mail, facsimile transmission or overnight air courier guaranteeing next day delivery addressed as follows: 

  
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 If to the Issuer or any Guarantor: 

Stevens Holding Company, Inc. 
 c/o Altra Industrial Motion Corp.

 300 Granite Street, Suite 201, 
 Braintree, Massachusetts
02184, 
 Attention of Glenn E. Deegan, Esq. 
 (Fax No. 617-671-0534) 
 If to the Trustee: 

The Bank of New York Mellon Trust Company, N.A. 
 400 South Hope
Street, Suite 500 
 Los Angelos, California, 90071 
 Attention:
Corporate Trust Unit 
 The Issuer or the Trustee by notice to the other may designate additional or different addresses for subsequent
notices or communications. 
 Any notice or communication mailed to a Holder shall be mailed by first-class mail (registered or certified,
return receipt requested) to the Holder at the Holder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed (or otherwise in accordance with the procedures of
DTC). 
 Notices given by publication or electronic delivery will be deemed given on the first date on which publication or electronic
delivery is made and notices given by first-class mail, postage prepaid, will be deemed given five calendar days after mailing or transmitting. 

Notwithstanding any other provisions of this Indenture or any Notes, where this Indenture or any Note provides for notice of any event
(including any notice of redemption) to a Holder of a Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary for such Note (or its designee) pursuant to the customary procedures of such
Depositary. 
 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to
other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 

The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such
instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Issuer elects to give the
Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such
instructions shall be deemed controlling. The Trustee shall not be liable 

  
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for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are
inconsistent with a subsequent written instruction. The Issuer agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee
acting on unauthorized instructions, and the risk of interception and misuse by third parties. 
 Notwithstanding any other provision of
this Indenture or any Note, where this Indenture or any Note provides for notice of any event or any other communication (including any notice of redemption or repurchase) to a holder of a Global Note (whether by mail or otherwise), such notice
shall be sufficiently given if given to the Depositary (or its designee) pursuant to the standing instructions from the Depositary or its designee, including by electronic mail in accordance with accepted practices at the Depositary. 

Section 11.03 Communication by Holders with Other Holders. Holders may communicate pursuant to Trust Indenture Act § 312(b)
with other Holders with respect to their rights under this Indenture or the Notes. The Issuer, the Trustee, the Registrar and anyone else shall have the protection of Trust Indenture Act § 312(c). 

Section 11.04 Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Issuer to the Trustee to
take or refrain from taking any action under this Indenture, the Issuer shall furnish to the Trustee: 
 (a) an
Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b) an Opinion of Counsel stating that all such conditions precedent have been complied with, provided that no such Opinion of
Counsel shall be required in connection with the authentication on the date hereof by the Trustee of (i) the Initial Note representing the Debt Exchange Amount, (ii) any Certificated Note subsequently issued upon transfers of such Initial
Note to the Selling Securityholder and the Initial Purchasers and (ii) the initial Global Notes. 
 Section 11.05 Statements
Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a covenant or condition provided for in this Indenture shall include: 

(a) a statement that the individual making such certificate or opinion has read such covenant or condition (and the related
definitions); 
 (b) a brief statement as to the nature and scope of the examination or investigation upon which the
statements or opinions contained in such certificate or opinion are based; 
 (c) a statement that, in the opinion of such
individual, he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

  
 110 

 (d) a statement as to whether or not, in the opinion of such individual,
such covenant or condition has been complied with. 
 Section 11.06 Rules by Trustee, Paying Agent and Registrar. The Trustee
may make reasonable rules for action by or a meeting of Holders. The Registrar and the Paying Agent may make reasonable rules for their functions. 

Section 11.07 Legal Holidays. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a
Legal Holiday, and no interest shall accrue for the intervening period. If a Regular Record Date is a Legal Holiday, the record date shall not be affected. 

Section 11.08 Governing Law. THIS INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK. 
 Section 11.09 No Personal Liability of Directors, Officers, Employees and Stockholders. No present, past
or future director, officer, employee, member, partner, incorporator or equityholder of the Issuer, any Guarantor or any Subsidiary of the Company or any of their respective direct or indirect parent companies (except for the Company, any Subsidiary
or parent company (if any) in its capacity as obligor or guarantor in respect of the Notes and not in its capacity as equityholder of the Issuer or any Guarantor) shall have any liability for any obligations of the Issuer or the Guarantors under the
Notes, the Guarantees, this Indenture or for any claim based on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting the Notes waives and releases all such liability. This waiver and release are part of the
consideration for issuance of the Notes. 
 Section 11.10 Successors. All agreements of the Issuer and the Guarantors in this
Indenture and the Notes shall bind its successors (other than as contemplated by Sections 5.02 or 10.03). All agreements of the Trustee in this Indenture shall bind its successors. 

Section 11.11 Multiple Originals; Electronic Signatures. The parties may sign any number of copies of this Indenture. Each signed
copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as
to the parties hereto and may be used in lieu of the original 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 11.12 Waiver of Jury Trial. EACH PARTY HERETO 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 INDENTURE, THE NOTES, THE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 11.13 Table of Contents; Headings. The table of contents, cross-reference sheet and headings of the Articles and Sections
of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

  
 111 

 Section 11.14 Severability. If any provision in this Indenture is deemed
unenforceable, it shall not affect the validity or enforceability of any other provision set forth herein, or of this Indenture as a whole. 

Section 11.15 Submission to Jurisdiction and Venue. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING
HERETO, MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS INDENTURE, EACH PARTY HERETO, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY
SUBMITS TO AND ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT
REQUESTED, TO THE APPLICABLE PARTY; AGREES THAT SERVICE AS PROVIDED ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN
EVERY RESPECT; AND AGREES EACH OTHER PARTY RETAINS THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY PARTY IN THE COURTS OF ANY OTHER JURISDICTION HAVING JURISDICTION OVER SUCH PARTY. 

Section 11.16 Foreign Account Tax Compliance Act (FATCA). The Issuer agrees (i) to provide the Trustee with such reasonable
information that the Trustee requests in writing as the Issuer has in its possession to enable the Trustee to determine whether any payments pursuant to the Indenture are subject to the withholding requirements described in Section 1471(b)
of the US Internal Revenue Code of 1986 (the “Code”) or otherwise imposed pursuant to Sections 1471 through 1474 of the Code and any regulations, or agreements thereunder or official interpretations thereof (“Applicable
Law”), and (ii) that the Trustee shall be entitled to make any withholding or deduction from payments under the Indenture to the extent necessary to comply with Applicable Law. 

[Signatures on following page] 

  
 112 

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

			
	STEVENS HOLDING COMPANY, INC.
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	AS MOTION LLC
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	JACOBS VEHICLES SYSTEMS, INC.
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	AS MOTION NORTH AMERICA, INC.
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	AMERICAN PRECISION INDUSTRIES, INC.
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	HEAT TRANSFER GUARANTEE CO. LLC
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer

 [Signature page – Indenture] 

 
			
	PORTESCAP U.S. INC.
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	MOTION ENGINEERING INCORPORATED
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	BALL SCREWS AND ACTUATORS CO., INC.
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	THOMSON LINEAR LLC
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	G&L MOTION CONTROL INC.
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	THOMSON INDUSTRIES, INC.
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer

 [Signature page – Indenture] 

 
			
	ABEK LLC
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	PACSCI MOTION CONTROL, INC.
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	KOLLMORGEN CORPORATION
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer
	
	ASM BUSINESS SERVICES, LLC
		
	By:	 	 /s/ Rajesh Yadava

		 	Name: Rajesh Yadava
		 	Title: Vice President & Treasurer

 [Signature page – Indenture] 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	not in its individual capacity but solely as Trustee
		
	By:	 	 /s/ Karen Yu

	Name:	 	Karen Yu
	Title:	 	Vice President

 [Signature page – Indenture] 

 EXHIBIT A 

FORM OF NOTE 
 [Insert applicable
legends] 
 [FACE OF NOTE] 
  

 
  

CUSIP [ ] 
 ISIN [ ] 

[Rule 144A][Regulation S] GLOBAL NOTE 

representing up to 

$[     ] 

6.125% Senior Notes Due 2026 
  

					
	No. [ ]	  		  	$[ ]

 STEVENS HOLDING COMPANY, INC. promises to pay to [ ] or registered assigns, the principal sum of [ ] Dollars
on October 1, 2026 or such greater or lesser amount as may be indicated in Schedule A hereto. 
 Interest Payment Dates: April 1 and
October 1 
 Record Dates: March 15 and September 15 

Additional provisions of this Note are set forth on the other side of this Note. 

  
 A-1 

 IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed. 

 

			
	STEVENS HOLDING COMPANY, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-2 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This Note is one of the 6.125% Senior Notes Due 2026 referred to in the within-mentioned Indenture. 

 

			
	Dated:
	
	THE BANK OF NEW YORK MELLON
	TRUST COMPANY, N.A., as Trustee
		
	by	 	  

		 	Authorized Signatory

  
 A-3 

 [Reverse of Note] 

6.125% Senior Notes Due 2026 
  

	1.	 Indenture 

This Note is one of a duly authorized issue of Notes of the Issuer, designated as its 6.125% Senior Notes Due 2026 (the
“Notes”) to be issued under an indenture, dated as of October 1, 2018 (the “Indenture”), among STEVENS HOLDING COMPANY, INC., a Delaware corporation (the “Issuer”), the Guarantors (as defined
therein) party thereto and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee (the “Trustee”). Reference is hereby made to the Indenture and all indentures supplemental thereto relevant to the Notes for a complete
description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuer and the Holders of the Notes. Capitalized terms used but not defined in this Note shall have the meanings ascribed to them in
the Indenture. 
 Each Note is subject to, and qualified by, all such terms as set forth in the Indenture certain of which are summarized
herein and each Holder of a Note is referred to the corresponding provisions of the Indenture for a complete statement of such terms. To the extent that there is any inconsistency between the summary provisions set forth in the Notes and the
Indenture, the provisions of the Indenture shall govern. 
  

	2.	 Interest 

The Issuer promises to pay interest on the principal amount of this Note at the rate per annum shown above. The Issuer will pay interest
semiannually in arrears on April 1 and October 1 of each year, commencing on April 1, 2019, to the holder of record of those Notes on the immediately preceding March 15 or September 15, as applicable. Interest on the Notes
will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from and including the Issue Date of the Notes. Interest on the Notes will be computed on the basis of a
360-day year comprised of twelve 30-day months. 
  

	3.	 Paying Agent and Registrar 

Initially the Trustee will act as paying agent and registrar. The Issuer may appoint and change any paying agent or registrar without notice.
The Issuer or any of its Subsidiaries may act as paying agent or registrar. 
  

	4.	 Defaults and Remedies; Waiver 

Article VI of the Indenture sets forth the Events of Default and related remedies applicable to the Notes. 

  
 A-4 

	5.	 Amendment 

Article IX of the Indenture sets forth the terms by which the Notes and the Indenture may be amended. 

 

	6.	 Change of Control 

Section 4.11 of the Indenture sets forth the terms by which the Issuer will be required to make an offer to purchase the Notes if a Change
of Control occurs. 
  

	7.	 Obligations Absolute 

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

 

	8.	 Sinking Fund 

The Notes will not have the benefit of any sinking fund. 
  

	9.	 Denominations; Transfer; Exchange 

The Notes are issuable in registered form without coupons in denominations of $2,000 principal amount and any integral multiple of $1,000 in
excess thereof. When Notes are presented to the Registrar with a request to register a transfer or to exchange them for an equal principal amount of Notes of the same series, the Registrar shall register the transfer or make the exchange in the
manner and subject to the limitations provided in the Indenture, without payment of any service charge but with payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such
transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.06, 2.07, 3.06, 4.11 and 9.04 of the Indenture). 

The Issuer and the Registrar shall not be required (a) to issue, register the transfer of or to exchange any Notes during a period
beginning at the opening of business 15 days before the day a notice of redemption of Notes selected for redemption under Section 3.02 of the Indenture is sent and ending at the close of business on the day such notice is sent or (b) to
register the transfer of or to exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 
  

	10.	 Further Issues 

The Issuer may from time to time, without the consent of the Holders of the Notes and in accordance with the Indenture, create and issue
further notes having the same terms and conditions as the Notes in all respects (or in all respects except for the public offering price and the issue date and, if applicable, the initial interest accrual date and the initial Interest Payment Date)
so as to form a single series with the Notes. 

  
 A-5 

	11.	 Optional Redemption 

The Notes are subject to redemption at the option of the Issuer, as described in Section 3.08 of the Indenture. 

 

	12.	 Persons Deemed Owners 

The ownership of Notes shall be proved by the register maintained by the Registrar. 

 

	13.	 No Personal Liability of Directors, Officers, Employees and Stockholders 

No present, past or future director, officer, employee, member, partner, incorporator or equityholder of the Issuer, any Guarantor or any
Subsidiary of the Company or any of their respective direct or indirect parent companies (except for the Company or any Subsidiary or parent company (if any) in its capacity as obligor or guarantor in respect of the Notes and not in its capacity as
equityholder of the Issuer or any Guarantor) shall have any liability for any obligations of the Issuer or any of the Guarantors under the Notes, the Guarantees, this Indenture or for any claim based on, in respect of, or by reason of such
obligations or their creation. Each Holder by accepting the Notes waives and releases all such liability. This waiver and release are part of the consideration for issuance of the Notes. 

 

	14.	 Discharge and Defeasance 

Subject to certain conditions set forth in the Indenture, the Issuer at any time may terminate some or all of its obligations under the Notes
and the Indenture if it deposits with the Trustee money and/or certain Government Securities for the payment of principal of, premium, if any, and interest on the Notes to redemption or maturity, as the case may be. 

 

	15.	 Unclaimed Money 

Any money deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the payment of the principal of, premium, if
any, or interest on any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Issuer on its request or, if then held by the Issuer, shall be discharged from
such trust. Thereafter the Holder of such Note shall look only to the Issuer for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuer as trustee thereof, shall
thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuer cause to be published once, in the New York Times and The Wall Street
Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining
will be repaid to the Issuer. 

  
 A-6 

	16.	 Trustee Dealings with the Issuer 

Subject to certain limitations imposed by the Trust Indenture Act, the Trustee in its individual or any other capacity may become the owner or
pledgee of Notes and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or co-paying agent may do the same with like
rights. 
  

	17.	 Abbreviations 

Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act). 
  

	18.	 CUSIP Numbers 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to
be printed on the Notes and have directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any
notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
  

	19.	 Governing Law 

THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

The Issuer will furnish to any Holder of Notes upon written request and without charge to the Holder a copy of the Indenture. 

  
 A-7 

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto 

 

	
	 Insert Taxpayer Identification No.

  
  

 
  

Please print or typewrite name and address including zip code of assignee 

 
  

the within Note and all rights thereunder, hereby irrevocably constituting and appointing 

 
  

attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

  
 A-8 

 THE FOLLOWING PROVISION TO BE INCLUDED ON ALL CERTIFICATES BEARING A RESTRICTED LEGEND

 In connection with any transfer of this Note, the undersigned confirms that such transfer is made without utilizing any general
solicitation or general advertising and further as follows: 
 Check One 

☐ (1) This Note is being transferred to a “qualified institutional buyer” in compliance with Rule 144A under the Securities Act of 1933, as
amended, and the certification in the form of Exhibit F to the Indenture is being furnished herewith. 
 ☐ (2) This Note is being transferred to a Non-U.S. Person in compliance with the exemption from registration under the Securities Act of 1933, as amended, provided by Regulation S thereunder, and the certification in the form of Exhibit E to the Indenture
is being furnished herewith. 
 or 

☐ (3) This Note is being transferred other than in accordance with (1) or (2) above and documents are being furnished which comply with the
conditions of transfer set forth in this Note and the Indenture. 
 If none of the foregoing boxes is checked, the Trustee is not obligated
to register this Note in the name of any Person other than the Holder hereof unless and until the conditions to any such transfer of registration set forth herein and in the Indenture have been satisfied. 

 

			
	 Date:
	 	  

	
	  

	 Seller
	 	

			
		
	By	 	
                     
                

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within-mentioned instrument in every particular, without alteration or any change whatsoever. 

  
 A-9 

			
	 Signature Guarantee:1
	 	  

  

			
	By	 	  

	 To be executed by an executive officer

  

	1 	 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements
of the Registrar, which requirements include membership or participation in the Securities Transfer Association Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the
Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended, provided that no such guarantee is required for any transfers by Fortive or the Selling Securityholder on the date of
the Indenture. 

  
 A-10 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you wish to have all of this Note purchased by the Company pursuant to Section 4.08 or Section 4.11 of the Indenture, check the
box: ☐ 
 If you wish to have a portion of this Note purchased by the Company pursuant to Section 4.08 or Section 4.11 of
the Indenture, state the amount (in original principal amount) below: 
 $_____________________. 

Date:____________ 
 Your Signature:__________________________

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

Signature Guarantee:1_____________________________ 

 
  

	1 	 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements
of the Trustee, which requirements include membership or participation in the Securities Transfer Association Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the
Trustee in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 A-11 

 SCHEDULE OF EXCHANGES OF NOTES3

 The following exchanges of a part of this Global Note for Certificated Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease

in principal amount
 of this
Global Note
	 	 Amount of increase

in principal amount
 of this
Global Note
	  	 Principal amount of

this Global Note
 following
such
 decrease (or

increase)
	  	 Signature of

authorized officer of

Trustee

  

 

	3 	 For Global Notes 

  
 Sch-1 

 EXHIBIT B-1 

FORM OF SUPPLEMENTAL INDENTURE UPON THE MERGER 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of October 1, 2018, among Stevens Holding Company, Inc.
(the “Issuer”), Altra Industrial Motion Corp. (“Altra”), Ameridrives International, LLC, Boston Gear LLC, Bauer Gear Motor LLC, Formsprag LLC, Guardian Couplings LLC, Inertia Dynamics, LLC, Kilian Manufacturing
Corporation, Nuttall Gear L L C, Svendborg Brakes USA, LLC, TB Wood’s Corporation, TB Wood’s Incorporated, Warner Electric LLC and Warner Electric Technology LLC (each a “Guaranteeing Subsidiary” and together with Altra,
the “Additional Guarantors”) and The Bank of New York Mellon Trust Company, N.A., as trustee under the Indenture referred to herein (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS,
the Issuer has heretofore executed and delivered to the Trustee an indenture (as amended or supplemented from time to time, the “Indenture”), dated as of October 1, 2018, among the Issuer, the Guarantors named therein and the
Trustee, providing for the issuance from time to time of notes (the “Notes”); 
 WHEREAS, the Merger has been consummated;

 WHEREAS, Section 10.06(a) of the Indenture provides that upon the Merger, the Issuer, Altra and each other Altra Guarantor shall
have executed and delivered to the Trustee a supplemental indenture in the form of Exhibit B-1 hereto, pursuant to which (i) Altra will become a party to this Indenture and expressly agrees to be bound by
all provisions of this Indenture applicable to it under the Notes and this Indenture (including the provisions of Article IV hereof and all other obligations (including the Guaranteed Obligations)), and (ii) each other Altra Guarantor (as
defined below) will become a Subsidiary Guarantor under this Indenture; 
 WHEREAS, the Indenture provides that, upon consummation of the
Merger all references to the “Company” are to Altra; 
 WHEREAS, pursuant to Sections 9.01 and 10.06(a) of the Indenture, the
Trustee is authorized and required to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing
and for good and valuable consideration, the receipt of which is hereby acknowledged, the Additional Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1. Capitalized Terms. Unless otherwise defined in this Supplemental Indenture, capitalized terms used herein without definition shall
have the meanings assigned to them in the Indenture. 

  
 B-1 

 2. Altra Agreement to be Bound. Altra hereby agrees to become a party to the
Indenture and to unconditionally be bound by all provisions of the Indenture (including the provisions of Article IV and providing a Guarantee of the Notes) applicable to it and to perform all obligations and duties required of it pursuant to the
Indenture. The parties hereto agree that upon execution of this Supplemental Indenture, all references to the Company in the Indenture are to Altra. 

3. Guarantor Agreement to be Bound; Guarantee. Each Additional Guarantor hereby agrees to becomes a party to the Indenture as a
Guarantor and as such will have all of the rights and be subject to all of the obligations (including the Guaranteed Obligations) and agreements of such Guarantor under the Indenture. In furtherance of the foregoing, each Guaranteeing Subsidiary
shall be deemed a Subsidiary Guarantor for purposes of Article X of the Indenture, including, without limitation, Section 10.02 thereof. 

4. NEW YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. 
 5. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each
signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery
of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original 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. 
 6. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction
hereof. 
 7. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Additional Guarantor. 

8. Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as expressly supplemented or amended hereby, the
Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of
Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 [Signature Page Follows] 

  
 B-2 

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

			
	 STEVENS HOLDING COMPANY, INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 ALTRA INDUSTRIAL MOTION CORP

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	GUARDIAN COUPLINGS LLC
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	NUTTALL GEAR L L C
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	AMERIDRIVES INTERNATIONAL, LLC
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	FORMSPRAG LLC
		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 B-3 

 
			
	 WARNER ELECTRIC LLC 

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	WARNER ELECTRIC TECHNOLOGY LLC 
		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	SVENDBORG BRAKES USA, LLC
		
	By:	 	  

		 	 Name:

		 	 Title:

	
	BOSTON GEAR LLC 
		
	By:	 	  

		 	 Name:

		 	 Title:

	
	BAUER GEAR MOTOR LLC 
		
	By:	 	  

		 	 Name:

		 	 Title:

	
	INERTIA DYNAMICS, LLC
		
	By:	 	  

		 	 Name:

		 	 Title:

	
	KILIAN MANUFACTURING CORPORATION 
		
	By:	 	  

		 	 Name:

		 	 Title:

  
 B-4 

 
			
	 TB WOOD’S CORPORATION

		
	By:	 	  

		 	 Name:

		 	 Title:

	
	TB WOOD’S INCORPORATED 
		
	By:	 	  

		 	 Name:

		 	 Title:

  
 B-5 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	not in its individual capacity but solely as Trustee
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 B-6 

 EXHIBIT B-2 

FORM OF SUPPLEMENTAL INDENTURE FOR 

ADDITIONAL SUBSIDIARY GUARANTOR 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of [ ], 20[ ], among Stevens Holding Company, Inc. (the
“Issuer”), [ ] (the “Guaranteeing Subsidiary”) and The Bank of New York Mellon Trust Company, N.A., as trustee under the Indenture referred to herein (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS,
the Issuer has heretofore executed and delivered to the Trustee an indenture (as amended or supplemented from time to time, the “Indenture”), dated as of [•], 2018, among the Issuer, the Guarantors named therein and the
Trustee, providing for the issuance from time to time of notes (the “Notes”); 
 WHEREAS, the Indenture provides that under
certain circumstances Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Issuer’s obligations under the Notes and
the Indenture (the “Additional Guarantee”); and 
 WHEREAS, pursuant to Sections 9.01, 10.06(b) and 10.07 of the Indenture,
the Trustee is authorized and required to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the
foregoing and for good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

1. Capitalized Terms. Unless otherwise defined in this Supplemental Indenture, capitalized terms used herein without definition shall
have the meanings assigned to them in the Indenture. 
 2. Agreement to be Bound; Guarantee. The Guaranteeing Subsidiary hereby
becomes a party to the Indenture as a Subsidiary Guarantor and as such will have all of the rights and be subject to all of the obligations (including the Guaranteed Obligations) and agreements of a Subsidiary Guarantor under the Indenture. In
furtherance of the foregoing, the Guaranteeing Subsidiary shall be deemed a Subsidiary Guarantor for purposes of Article X of the Indenture, including, without limitation, Section 10.02 thereof. 

3. NEW YORK LAW TO GOVERN. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. 

  
 B-8 

 4. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective
execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original 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. 
 5. Effect of Headings. The Section headings herein are for convenience only and shall
not affect the construction hereof. 
 6. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect
of the validity or sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary. 

7. Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as expressly supplemented or amended hereby, the
Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of
Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 [Signature Page Follows] 

  
 B-8 

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

			
	 STEVENS HOLDING COMPANY, INC.

		
	By:	 	  

	 Name:
	 	
	 Title:
	 	
		
	 [•]
	 	
		
	By:	 	  

	 Name:
	 	
	 Title:
	 	
		
	 [•]
	 	
		
	By:	 	  

	 Name:
	 	
	 Title:
	 	

  
 B-9 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	not in its individual capacity but solely as Trustee
		
	 By:
	 	
                     
            

	 Name:
	 	
	 Title:
	 	

  
 B-10 

 EXHIBIT C 

“THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET FORTH BELOW. BY ITS ACQUISITION HEREOF, THE HOLDER
(1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT), (B) IT IS AN INSTITUTIONAL ACCREDITED INVESTOR (AS DEFINED IN RULE 501(A)(1), (2), (3) or (7) WITHIN THE
MEANING OF REGULATION D UNDER THE SECURITIES ACT (AN “INSTITUTIONAL ACCREDITED INVESTOR”), (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT,
(2) AGREES THAT IT WILL NOT PRIOR TO (I) IN THE CASE OF RULE 144A NOTES, THE DATE WHICH IS ONE YEAR (OR SUCH SHORTER PERIOD OF TIME AS PERMITTED BY RULE 144 UNDER THE SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREUNDER) AFTER THE LATER OF
THE ORIGINAL ISSUE DATE THEREOF, THE DATE OF ORIGINAL ISSUANCE OF ANY ADDITIONAL NOTES OR THE LAST DAY ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS NOTE AND (II) IN THE CASE OF REGULATION S NOTES, 40 DAYS AFTER THE
ORIGINAL ISSUE DATE THEREOF, RESELL OR OTHERWISE TRANSFER THIS SECURITY EXCEPT (A) TO THE ISSUER OR ANY AFFILIATE THEREOF, (B) INSIDE THE UNITED STATES TO (1) A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE
SECURITIES ACT OR (2) AN INSTITUTIONAL ACCREDITED INVESTOR IN A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000, THAT, PRIOR TO SUCH TRANSFER, DELIVERS TO THE TRUSTEE A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM
THE ISSUER) RELATING TO THE RESTRICTIONS ON TRANSFER OF THIS NOTE (AND AN OPINION OF COUNSEL IF THE ISSUER SO REQUESTS), (C) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 903 OR RULE 904 UNDER THE SECURITIES ACT,
(D) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), (E) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF
COUNSEL IF THE ISSUER SO REQUESTS), OR (F) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT
OF THIS LEGEND. AS USED HEREIN, THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANING GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT.” 

  
 C-1 

 EXHIBIT D 

DTC LEGEND 
 UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

[TRANSFERS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR
THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE.] 

  
 D-1 

 EXHIBIT E 

Regulation S Certificate 

_________, ____ 
 The Bank of New York Mellon
Trust Company, N.A. 
 400 South Hope Street, Suite 500 
 Los
Angeles, California 90071 
 Attention: Corporate Trust Unit 
  

					
	Re:	  	 Stevens Holding Company, Inc.
 [•]% Senior
Notes due 2026 (the “Notes”)
 Issued under the Indenture (the “Indenture”) dated as

as of [•], 2018 relating to the
Notes                                        
            
	  	

 Ladies and Gentlemen: 

Terms are used in this Certificate as used in Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), except as otherwise stated herein. 
 [CHECK A OR B AS APPLICABLE.] 

 

	 	☐  A.	 This Certificate relates to our proposed transfer of $____ principal amount of Notes issued under the
Indenture. We hereby certify as follows: 

  

	 	1.	 The offer and sale of the Notes was not and will not be made to a person in the United States (unless such
person is excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(vi) or the account held by it for which it is acting is excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(i) under the
circumstances described in Rule 902(h)(3)) and such offer and sale was not and will not be specifically targeted at an identifiable group of U.S. citizens abroad. 

 

	 	2.	 Unless the circumstances described in the parenthetical in paragraph 1 above are applicable, either (a) at
the time the buy order was originated, the buyer was outside the United States or we and any person acting on our behalf reasonably believed that the buyer 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 we nor any person acting on our behalf knows that the transaction was pre-arranged with a buyer in the United States. 

  
 E-1 

	 	3.	 Neither we, any of our affiliates, nor any person acting on our or their behalf has made any directed selling
efforts in the United States with respect to the Notes. 

  

	 	4.	 The proposed transfer of Notes is not part of a plan or scheme to evade the registration requirements of the
Securities Act. 

  

	 	5.	 If we are a dealer or a person receiving a selling concession, fee or other remuneration in respect of the
Notes, and the proposed transfer takes place during the Restricted Period (as defined in the Indenture), or we are an officer or director of the Company or an Initial Purchaser (as defined in the Indenture), we certify that the proposed transfer is
being made in accordance with the provisions of Rule 904(b) of Regulation S. 

  

	 	☐  B.	 This Certificate relates to our proposed exchange of $____ principal amount of Notes issued under the Indenture
for an equal principal amount of Notes to be held by us. We hereby certify as follows: 

  

	 	1.	 At the time the offer and sale of the Notes was made to us, either (i) we were not in the United States or
(ii) we were excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(vi) or the account held by us for which we were acting was excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(i)
under the circumstances described in Rule 902(h)(3); and we were not a member of an identifiable group of U.S. citizens abroad. 

  

	 	2.	 Unless the circumstances described in paragraph 1(ii) above are applicable, either (a) at the time our buy
order was originated, we were outside the United States or (b) the transaction was executed in, on or through the facilities of a designated offshore securities market and we did not pre-arrange the
transaction in the United States. 

  

	 	3.	 The proposed exchange of Notes is not part of a plan or scheme to evade the registration requirements of the
Securities Act. 

  
 E-2 

 You and the Company are entitled to rely upon this Certificate and are irrevocably
authorized to produce this Certificate or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

 

			
	Very truly yours,
	
	 [NAME OF SELLER (FOR TRANSFERS) OR OWNER (FOR EXCHANGES)]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

		 	 Address:

 Date: _________________ 

  
 E-3 

 EXHIBIT F 

Rule 144A Certificate 
 _________,
____ 
 The Bank of New York Mellon Trust Company, N.A. 
 400
South Hope Street, Suite 500 
 Los Angeles, California 90071 

Attention: Corporate Trust Unit 
  

					
	Re:	  	 Stevens Holding Company, Inc.
 [•]% Senior
Notes due 2026 (the “Notes”)
 Issued under the Indenture (the “Indenture”) dated as

as of [•], 2018 relating to the Notes
	  	

 Ladies and Gentlemen: 

TO BE COMPLETED BY PURCHASER IF (1) ABOVE IS CHECKED. 

This Certificate relates to: 

[CHECK A OR B AS APPLICABLE.] 
  

	 	☐  A.	 Our proposed purchase of $         principal amount of Notes
issued under the Indenture. 

  

	 	☐  B.	 Our proposed exchange of $         principal amount of Notes
issued under the Indenture for an equal principal amount of Notes to be held by us. 

 We and, if applicable, each account
for which we are acting in the aggregate owned and invested more than $100,000,000 in securities of issuers that are not affiliated with us (or such accounts, if applicable), as of
                , 20    , which is a date on or since close of our most recent fiscal year. We and, if applicable, each account for which we are
acting, are a qualified institutional buyer within the meaning of Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the “Securities Act”). If we are acting on behalf of an account, we exercise sole investment
discretion with respect to such account. We are aware that the transfer of Notes to us, or such exchange, as applicable, is being made in reliance upon the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.
Prior to the date of this Certificate we have received such information regarding the Company as we have requested pursuant to Rule 144A(d)(4) or have determined not to request such information. 

You and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof to
any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

  
 F-1 

 
			
	Very truly yours,
	
	 [NAME OF PURCHASER (FOR TRANSFERS) OR OWNER (FOR EXCHANGES)]

		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

 Date: _________________ 

  
 F-2 

 EXHIBIT G 

Institutional Accredited Investor Certificate 

The Bank of New York Mellon Trust Company, N.A. 
 400 South Hope
Street, Suite 500 
 Los Angeles, California 90071 
 Attention:
Corporate Trust Unit 
  

					
	Re:	  	 Stevens Holding Company, Inc.
 [•]% Senior
Notes due 2026 (the “Notes”)
 Issued under the Indenture (the “Indenture”) dated as

as of [•], 20[•] relating to the Notes
	  	

 Ladies and Gentlemen: 

This Certificate relates to: 

[CHECK A OR B AS APPLICABLE.] 
  

	 	☐  A.	 Our proposed purchase of $____ principal amount of Notes issued under the Indenture. 

 

	 	☐  B.	 Our proposed exchange of $____ principal amount of Notes issued under the Indenture for an equal principal
amount of Notes to be held by us. 

 We hereby confirm that: 

 

	 	1.	 We are an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or
(7) under the Securities Act of 1933, as amended (the “Securities Act”) (an “Institutional Accredited Investor”). 

  

	 	2.	 Any acquisition of Notes by us will be for our own account or for the account of one or more other
Institutional Accredited Investors as to which we exercise sole investment discretion. 

  

	 	3.	 We have such knowledge and experience in financial and business matters that we are capable of evaluating the
merits and risks of an investment in the Notes and we and any accounts for which we are acting are able to bear the economic risks of and an entire loss of our or their investment in the Notes. 

 

	 	4.	 We are not acquiring the Notes with a view to any distribution thereof in a transaction that would violate the
Securities Act or the securities laws of any State of the United States or any other applicable jurisdiction; provided that the disposition of our property and the property of any accounts for which we are acting as fiduciary will remain at
all times within our and their control. 

  
 G-1 

	 	5.	 We acknowledge that the Notes have not been registered under the Securities Act and that the Notes may not be
offered or sold within the United States or to or for the benefit of U.S. persons except as set forth below. 

  

	 	6.	 The principal amount of Notes to which this Certificate relates is at least equal to $100,000.

 We agree for the benefit of the Company, on our own behalf and on behalf of each account for which we are acting, that
such Notes may be offered, sold, pledged or otherwise transferred only in accordance with the Securities Act and any applicable securities laws of any State of the United States and only (a) to the Company, (b) pursuant to a registration
statement which has become effective under the Securities Act, (c) to a qualified institutional buyer in compliance with Rule 144A under the Securities Act, (d) in an offshore transaction in compliance with Rule 904 of Regulation S under
the Securities Act, (e) in a principal amount of not less than $100,000, to an Institutional Accredited Investor that, prior to such transfer, delivers to the Trustee a duly completed and signed certificate (the form of which may be obtained
from the Trustee) relating to the restrictions on transfer of the Notes or (f) pursuant to an exemption from registration provided by Rule 144 under the Securities Act or any other available exemption from the registration requirements of the
Securities Act. 
 Prior to the registration of any transfer in accordance with (c) or (d) above, we acknowledge that a duly completed
and signed certificate (the form of which may be obtained from the Trustee) must be delivered to the Trustee. Prior to the registration of any transfer in accordance with (e) or (f) above, we acknowledge that the Company reserves the right to
require the delivery of such legal opinions, certifications or other evidence as may reasonably be required in order to determine that the proposed transfer is being made in compliance with the Securities Act and applicable state securities laws. We
acknowledge that no representation is made as to the availability of any Rule 144 exemption from the registration requirements of the Securities Act. 

We understand that the Trustee will not be required to accept for registration of transfer any Notes acquired by us, except upon presentation
of evidence satisfactory to the Company and the Trustee that the foregoing restrictions on transfer have been complied with. We further understand that the Notes acquired by us will be in the form of definitive physical certificates and that such
certificates will bear a legend reflecting the substance of the preceding paragraph. We further agree to provide to any person acquiring any of the Notes from us a notice advising such person that resales of the Notes are restricted as stated herein
and that certificates representing the Notes will bear a legend to that effect. 
 We agree to notify you promptly in writing if any of our
acknowledgments, representations or agreements herein ceases to be accurate and complete. 

  
 G-2 

 We represent to you that we have full power to make the foregoing acknowledgments,
representations and agreements on our own behalf and on behalf of any account for which we are acting. 
 You and the Company are entitled
to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

 

			
	Very truly yours,
	
	 [NAME OF PURCHASER (FOR TRANSFERS) OR OWNER (FOR EXCHANGES)]

		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

 Date: _________________ 

  
 G-3 

 Upon transfer, the Notes would be registered in the name of the new beneficial owner as
follows: 
 By: _________________________________ 

Date: ________________________________ 
 Taxpayer ID
number: ___________________ 

  
 G-4 

 EXHIBIT H 

[COMPLETE FORM I OR FORM II AS APPLICABLE.] 

[FORM I] 
 Certificate
of Beneficial Ownership 
  

	To:	 The Bank of New York Mellon Trust Company, N.A. 

400 South Hope Street, Suite 500 

Los Angeles, California 90071 

Attention: Corporate Trust Unit OR 

[Name of DTC Participant] 
  

					
	Re:	  	 Stevens Holding Company, Inc.
 [•]% Senior
Notes due 2026 (the “Notes”)
 Issued under the Indenture (the “Indenture”) dated as

of [•], 2018 relating to the Notes
	  	

 Ladies and Gentlemen: 

We are the beneficial owner of $     principal amount of Notes issued under the Indenture and represented by a Temporary
Offshore Global Note (as defined in the Indenture). 
 We hereby certify as follows: 

[CHECK A OR B AS APPLICABLE.] 
  

	 	☐  A.	 We are a non-U.S. person (within the meaning of Regulation S under the
Securities Act of 1933, as amended). 

  

	 	☐  B.	 We are a U.S. person (within the meaning of Regulation S under the Securities Act of 1933, as amended) that
purchased the Notes in a transaction that did not require registration under the Securities Act of 1933, as amended. 

You and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof to
any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

  
 H-1 

 
			
	Very truly yours,
	
	[NAME OF BENEFICIAL OWNER]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

 Date: _________________ 

[FORM II] 
 Certificate
of Beneficial Ownership 
  

			
	To:	  	 The Bank of New York Mellon Trust Company, N.A.

400 South Hope Street, Suite 500
 Los Angeles, California
90071
 Attention: Corporate Trust Unit

		
	Re:	  	 Stevens Holding Company, Inc.
 [•]% Senior
Notes due 2026 (the “Notes”)
 Issued under the Indenture (the “Indenture”) dated as

as of [•], 2018 relating to the Notes

 Ladies and Gentlemen: 

This is to certify that based solely on certifications we have received in writing, by tested telex or by electronic transmission from
Institutions appearing in our records as persons being entitled to a portion of the principal amount of Notes represented by a Temporary Offshore Global Note issued under the above-referenced Indenture, that as of the date hereof, $____ principal
amount of Notes represented by the Temporary Offshore Global Note being submitted herewith for exchange is beneficially owned by persons that are either (i) non-U.S. persons (within the meaning of
Regulation S under the Securities Act of 1933, as amended) or (ii) U.S. persons that purchased the Notes in a transaction that did not require registration under the Securities Act of 1933, as amended. 

We further certify that (i) we are not submitting herewith for exchange any portion of such Temporary Offshore Global Note excepted in
such certifications and (ii) as of the date hereof we have not received any notification from any Institution to the effect that the statements made by such Institution with respect to any portion of such Temporary Offshore Global Note
submitted herewith for exchange are no longer true and cannot be relied upon as of the date hereof. 

  
 H-2 

 You and the Company are entitled to rely upon this Certificate and are irrevocably
authorized to produce this Certificate or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

 

			
	Yours faithfully,
	
	[Name of DTC Participant]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

 Date: _________________ 

  
 H-3 

 EXHIBIT I 

THIS NOTE IS A TEMPORARY GLOBAL NOTE. PRIOR TO THE EXPIRATION OF THE RESTRICTED PERIOD APPLICABLE HERETO, BENEFICIAL INTERESTS HEREIN MAY NOT BE HELD BY ANY
PERSON OTHER THAN (1) A NON-U.S. PERSON OR (2) A U.S. PERSON THAT PURCHASED SUCH INTEREST IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”). BENEFICIAL INTERESTS HEREIN ARE NOT EXCHANGEABLE FOR PHYSICAL NOTES OTHER THAN A PERMANENT GLOBAL NOTE IN ACCORDANCE WITH THE TERMS OF THE INDENTURE. TERMS IN THIS LEGEND ARE USED AS USED IN REGULATION S UNDER THE
SECURITIES ACT. BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S
UNDER THE SECURITIES ACT. 
 NO BENEFICIAL OWNERS OF THIS TEMPORARY GLOBAL NOTE SHALL BE ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNTIL
SUCH BENEFICIAL INTEREST IS EXCHANGED OR TRANSFERRED FOR AN INTEREST IN ANOTHER NOTE. 

  
 I-1

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