Document:

Receivables Transfer Agreement

 Exhibit 10.1 

RECEIVABLES TRANSFER AGREEMENT 

by and among 

NALCO RECEIVABLES II LLC, 

as Transferor, 

NALCO COMPANY, 

as Collection Agent, 

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, NEW YORK, 

as Administrative Agent 

and 
 THE SEVERAL
TRANSFEREES AND FUNDING AGENTS 
 PARTY HERETO FROM TIME TO TIME 

Dated as of June 22, 2010 

 TABLE OF CONTENTS 

 

			
	 RECEIVABLES TRANSFER AGREEMENT
	  	1
		
	 ARTICLE I DEFINITIONS
	  	1
		
	 SECTION 1.1.     Certain Defined Terms
	  	1
	 SECTION 1.2.     Other Terms
	  	24
	 SECTION 1.3.     Computation of Time Periods
	  	24
		
	 ARTICLE II TRANSFERS AND SETTLEMENTS
	  	25
		
	 SECTION 2.1.     Facility
	  	25
	 SECTION 2.2.     Transfers; Certificates.
	  	25
	 SECTION 2.3.     Selection of Tranche Periods and Tranche Rates.
	  	27
	 SECTION 2.4.     Discount, Fees and Other Costs and Expenses
	  	28
	 SECTION 2.5.     Non-Liquidation Settlement and Reinvestment Procedures
	  	29
	 SECTION 2.6.     Liquidation Settlement Procedures.
	  	29
	 SECTION 2.7.     Fees
	  	31
	 SECTION 2.8.     Protection of Ownership Interest of the Transferees
	  	31
	 SECTION 2.9.     Deemed Collections; Application of Payments
	  	32
	 SECTION 2.10.   Payments and Computations, Etc
	  	33
	 SECTION 2.11.   Reports
	  	33
	 SECTION 2.12.   Collection Account
	  	34
	 SECTION 2.13.   Right of Setoff
	  	35
	 SECTION 2.14.   Sharing of Payments, Etc
	  	35
	 SECTION 2.15.   Broken Funding
	  	36
	 SECTION 2.16.   Conversion and Continuation of Outstanding Tranches Funded by the APA Banks
	  	36
	 SECTION 2.17.   Illegality
	  	37
	 SECTION 2.18.   Inability to Determine Eurodollar Rate
	  	38
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES
	  	38
		
	 SECTION 3.1.     Representations and Warranties of the Transferor
	  	38
	 SECTION 3.2.     Reaffirmation of Representations and Warranties by the Transferor
	  	43
		
	 ARTICLE IV CONDITIONS PRECEDENT
	  	43
		
	 SECTION 4.1.     Conditions to Effectiveness
	  	43
		
	 ARTICLE V COVENANTS
	  	46
		
	 SECTION 5.1.     Affirmative Covenants of Transferor
	  	46
	 SECTION 5.2.     Negative Covenants of the Transferor
	  	50

  

 i 

			
	 ARTICLE VI ADMINISTRATION AND COLLECTIONS
	  	52
		
	 SECTION 6.1.     Appointment of Collection Agent
	  	52
	 SECTION 6.2.     Duties of Collection Agent
	  	53
	 SECTION 6.3.     Rights After Designation of New Collection Agent or a Termination
Event
	  	55
	 SECTION 6.4.     Responsibilities of the Transferor and the Originator
	  	55
	 SECTION 6.5.     Collection Agent Indemnification
	  	56
	 SECTION 6.6.     Representations and Warranties of the Collection Agent
	  	56
	 SECTION 6.7.     Covenants of the Collection Agent.
	  	58
		
	 ARTICLE VII TERMINATION EVENTS
	  	61
		
	 SECTION 7.1.     Termination Events
	  	61
	 SECTION 7.2.     Remedies Upon the Occurrence of a Termination Event
	  	63
		
	 ARTICLE VIII INDEMNIFICATION; EXPENSES; RELATED MATTERS
	  	64
		
	 SECTION 8.1.     Indemnities by the Transferor
	  	64
	 SECTION 8.2.     Indemnity for Reserves and Expenses
	  	66
	 SECTION 8.3.     Indemnity for Taxes
	  	68
	 SECTION 8.4.     Other Costs, Expenses and Related Matters
	  	69
		
	 ARTICLE IX THE ADMINISTRATIVE AGENT
	  	69
		
	 SECTION 9.1.     Appointment
	  	69
	 SECTION 9.2.     Delegation of Duties
	  	70
	 SECTION 9.3.     Exculpatory Provisions
	  	70
	 SECTION 9.4.     Reliance by Administrative Agent
	  	71
	 SECTION 9.5.     Action Upon Termination Event
	  	71
	 SECTION 9.6.     Non-Reliance on Administrative Agent
	  	71
	 SECTION 9.7.     Indemnification
	  	72
	 SECTION 9.8.     Agent in Individual Capacity
	  	72
	 SECTION 9.9.     Successor Administrative Agent
	  	72
		
	 ARTICLE X MISCELLANEOUS
	  	73
		
	 SECTION 10.1.   Term of Agreement
	  	73
	 SECTION 10.2.   Waivers; Amendments
	  	73
	 SECTION 10.3.   Notices
	  	74
	 SECTION 10.4.   Further Assurances
	  	75
	 SECTION 10.5.   Governing Law; Submission to Jurisdiction; Integration
	  	75
	 SECTION 10.6.   Severability; Counterparts
	  	76
	 SECTION 10.7.   Successors and Assigns
	  	76
	 SECTION 10.8.   Confidentiality
	  	77
	 SECTION 10.9.   No Bankruptcy Petition
	  	78
	 SECTION 10.10. Limited Recourse
	  	78

  

 ii 

			
	 SECTION 10.11. Characterization of the Transactions Contemplated by the Agreement
	  	79
	 SECTION 10.12. Waiver of Setoff
	  	79
	 SECTION 10.13. Credit Agricole Conflict Waiver
	  	79
	 SECTION 10.14. Liability of Funding Agents
	  	80

  

 iii 

 EXHIBITS 
  

			
	EXHIBIT A	  	Schedule of Commitments
		
	EXHIBIT B	  	Credit and Collection Policy
		
	EXHIBIT C	  	List of Lock-Box Banks and Lock-Box Accounts; Lock-Box Agreements
		
	EXHIBIT D	  	[Reserved].
		
	EXHIBIT E	  	Form of Monthly Report
		
	EXHIBIT F	  	Form of Transfer Certificate
		
	EXHIBIT G	  	List of Actions and Suits
		
	EXHIBIT H	  	Location of Records
		
	EXHIBIT I	  	Form of Secretary’s Certificate
		
	EXHIBIT J	  	Form of Transfer/Tranche Period Request
		
	EXHIBIT K	  	Form of Reduction Notice
		
	SCHEDULES	  	
		
	SCHEDULE I	  	Assignments to APA Banks
		
	SCHEDULE II	  	17g-5 Representatives

  

 i 

 RECEIVABLES TRANSFER AGREEMENT 

RECEIVABLES TRANSFER AGREEMENT (as amended, supplemented or otherwise modified and in effect from time to time, this
“Agreement”), dated as of June 22, 2010, by and among NALCO RECEIVABLES II LLC, a Delaware limited liability company, as transferor (in such capacity, the “Transferor”), NALCO COMPANY, a Delaware corporation, as collection
agent (in such capacity, the “Collection Agent”), ATLANTIC ASSET SECURITIZATION LLC, a Delaware limited liability company, and CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, NEW YORK (CREDIT AGRICOLE CIB, NEW YORK), a branch of Credit
Agricole Corporate and Investment Bank, a French banking corporation organized under the laws of France (“Credit Agricole”), as a Funding Agent, an APA Bank and administrative agent for the benefit of the Transferees (in such capacity, the
“Administrative Agent”). 
 PRELIMINARY STATEMENTS 

WHEREAS, the Transferor may desire to convey, transfer and assign, from time to time, undivided percentage interests in
certain accounts receivable, and the CP Issuers may desire to, and each APA Bank, if requested by its related CP Issuer, shall, accept such conveyance, transfer and assignment of such undivided percentage interests, subject to the terms and
conditions of this Agreement. 
 NOW, THEREFORE, the parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS 

SECTION 1.1. Certain Defined Terms. Capitalized terms used herein shall have the meanings assigned to such terms
below: 
 “17g-5 Representative” shall mean the representatives of the Administrative Agent set forth
on Schedule II or such other representatives as designate by the Administrative Agent to the Transferor and Collection Agent from time to time. 

“2003 Credit Agreement” shall mean that certain Credit Agreement dated as of November 4, 2003 by and among
Nalco Holdings LLC, Nalco Company, the foreign subsidiary borrowers from time to time party thereto, the lenders party thereto, Citigroup Global Markets Inc., Banc of America Securities LLC, Citicorp North America, Inc., Bank of America, N.A.,
Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., Goldman Sachs Credit Partners L.P., and UBS Securities LLC. 

“Administrative Agent” shall mean Credit Agricole, in its capacity as administrative agent for the benefit of
the Transferees under the Transaction Documents, and its permitted successors and assigns in such capacity. 
  

 1 

 “Adverse Claim” shall mean a lien, security interest, charge or
encumbrance, or other right or claim in, of or on any Person’s assets or properties in favor of any other Person (including any financing statement or any similar instrument under the Relevant UCC filed against such Person’s assets or
properties) other than Permitted Liens. 
 “Affiliate” shall mean, with respect to any Person, any
other Person directly or indirectly controlling, controlled by, or under direct or indirect common control with, such Person. A Person shall be deemed to control another Person if the controlling Person possesses, directly or indirectly, the power
to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of voting stock, by contract or otherwise. 

“Agent’s Account” shall mean an account specified by the Administrative Agent from time to time in writing
to the Collection Agent and the Transferor. 
 “Aggregate Commitment” shall mean, at any time, the sum
of the Commitments of the APA Banks then in effect. 
 “Aggregate Unpaids” shall mean, at any time, an
amount equal to the sum of (i) the aggregate accrued and unpaid Discount with respect to all Tranche Periods at such time, (ii) the Net Investment at such time, and (iii) all other amounts owed (whether due or accrued) under the
Transaction Documents by the Transferor, the Originator and the Collection Agent to the Transferees at such time. 

“Agreement” shall have the meaning specified in the preamble hereto. 

“APA Banks” shall mean the Persons which from time to time may become a party to this Agreement as an APA Bank.

 “Applicable Margin” shall mean, on any day, with respect to any BR Tranche or Eurodollar Tranche,
the rate specified in the Fee Letter. 
 “Asset Purchase Agreement” shall mean any asset purchase or
other agreements pursuant to which a CP Issuer may from time to time assign part or all of its share of the Net Investment to an APA Bank, as amended, restated, supplemented or otherwise modified from time to time 

“Atlantic” shall have the meaning specified in the preamble to this Agreement. 

“Bankruptcy Code” shall mean the Bankruptcy Reform Act of 1978 (11 U.S.C. §§ 101 et seq.), and the
rules, regulations and decisions promulgated thereunder, as amended and in effect, and any successor thereto. 

“Base Rate” or “BR” shall mean a rate per annum equal to the higher of (i) the sum of the
Applicable Margin and prime rate of interest announced by the Administrative Agent from time to time, changing when and as said prime rate changes (such rate not necessarily being the lowest or best rate charged by the Administrative Agent) and
(ii) the sum of (a) 0.50% and (b) the rate equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or,
if such day is not a Business Day, for the immediately preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations at approximately 11:00
A.M. (New York time) on such day for such transactions received by the Administrative Agent from three (3) Federal funds brokers of recognized standing selected by the Administrative Agent in its sole discretion. 

 

 2 

 “Benefit Plan” shall mean any employee benefit plan as defined in
Section 3(3) of ERISA in respect of which the Transferor, the Originator or any ERISA Affiliate of the Transferor, or the Originator is, or at any time during the immediately preceding six (6) years was, an “employer” as defined
in Section 3(5) of ERISA. 
 “BR Tranche” shall mean a Tranche as to which Discount is calculated
at the Base Rate. 
 “BR Tranche Period” shall mean, with respect to a BR Tranche for any Transferee
Group, either (i) prior to the Termination Date, a period of up to thirty (30) days requested by the Transferor and agreed to by the related Transferee Group, commencing on a Business Day requested by the Transferor and agreed to by the
related Transferee Group, or (ii) after the Termination Date, a period of one (1) day. If such BR Tranche Period would end on a day which is not a Business Day, such BR Tranche Period shall end on the next succeeding Business Day.

 “Business Day” shall mean any day excluding Saturday, Sunday and any day on which banks in The City
of New York are authorized or required by law to close, and, when used with respect to the determination of any Eurodollar Rate or any notice with respect thereto, any such day which is also a day for trading by and between banks in United States
dollar deposits in the London interbank market. 
 “Capitalized Lease” of a Person shall mean any
lease of property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with GAAP. 

“Carrying Cost Reserve” shall mean, as of any date of determination, an amount equal to the product of
(i) the Net Receivables Balance as of such date and (ii) the Carrying Cost Reserve Ratio as of such date. 

“Carrying Cost Reserve Ratio” shall mean, on any Monthly Report Date and continuing until (but not including)
the next Monthly Report Date, a rate equal to (a) the product of (i) 2.0 multiplied by the DSO as of such day and (ii) the Base Rate in effect as of such day, divided by (b) 365 or 366, as applicable. 

“Change of Control” shall mean (i) the occurrence of a “Change in Control” or similar event, as
defined in the Credit Agreement as in effect on the date hereof and without giving effect to any amendment, waiver, supplement, termination or other modification to the Credit Agreement made after the date hereof, except that if (x) the
definition of “Change in Control” in the Credit Agreement (or any defined term used in such definition) is amended or waived prior to the termination of the Credit Agreement and (y) Credit Agricole is then a party to the Credit
Agreement, then references herein to such term shall give effect to such amendment or waiver; or (ii) Nalco Company shall fail to own 100% of the outstanding limited liability company interests of the Transferor. 

 

 3 

 “Charged Off Receivables” shall mean, with respect to any Monthly
Settlement Period, all Receivables (or portions thereof) which, in accordance with the Credit and Collection Policy, have been or should have been written off during such Monthly Settlement Period as uncollectible, including, without limitation, the
Receivables of any Obligor which becomes the subject of any voluntary or involuntary bankruptcy, insolvency, liquidation, reorganization or similar proceeding. 

“Closing Date Sale Agreement” means that certain Sale Agreement of even date herewith by and among Nalco
Receivables LLC and Nalco Company, as sellers, and the Transferor, as buyer. 
 “Code” shall mean the
Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder. 

“Collection Account” shall have the meaning specified in Section 2.12 of this Agreement. 

“Collection Agent” shall mean, at any time, the Person then authorized pursuant to Section 6.1 of this
Agreement to service, administer and collect Receivables. 
 “Collection Agent Default” shall mean the
occurrence of any of the following: 
 (i) The Collection Agent fails to (i) make any
payment or deposit required to be made by it when required to be made by it and such failure shall continue for two (2) Business Days following the earlier of actual knowledge of such failure by a Responsible Officer of the Collection Agent or
written notice of such failure by the Administrative Agent, or (ii) observe or perform any term, covenant or agreement of this Agreement; 

(ii) Any representation, warranty, certification or statement made by the Collection Agent in this
Agreement or any report delivered by it in connection with this Agreement or any other Transaction Document proves to have been incorrect in any material respect when made or deemed made and any such failure shall remain unremedied for one
(1) Business Day; 
 (iii) The Collection Agent fails to observe or perform in any material
respect any other covenant or agreement contained in this Agreement or any other Transaction Document and any such failure shall remain unremedied for fourteen (14) days after the earlier of actual knowledge of such failure by a Responsible
Officer of the Collection Agent or written notice of such failure by the Administrative Agent; or 
  

 4 

 (iv) Any bankruptcy, insolvency or similar event shall occur
with respect to the Collection Agent or any of its material subsidiaries or Affiliates. 

“Collections” shall mean, with respect to any Receivable, all cash collections and other cash proceeds of such
Receivable, including, without limitation, all Deemed Collections, Finance Charges, if any, and cash proceeds of Related Security with respect to such Receivable. 

“Commercial Paper” shall mean the short-term promissory notes of a CP Issuer issued by such CP Issuer (or its
related commercial paper issuer if the CP Issuer does not itself issuer commercial paper) in the commercial paper market. 

“Commission” shall mean the Securities and Exchange Commission. 

“Commitment” shall mean, at any time with respect to each APA Bank, the amount set forth opposite such APA
Bank’s name on Exhibit A to this Agreement (as such Exhibit A may be amended, supplemented or otherwise modified and in effect). 

“Commitment Expiry Date” shall mean the earlier to occur of (i) the date on which the Aggregate Commitment
has been reduced to zero and (ii) the Scheduled Commitment Expiry Date. 
 “Concentration Factor”
shall mean, on any day, without duplication, with respect to any Designated Obligor or group of Designated Obligors: 

(a) with respect to Receivables of any Designated Obligor, the product of (x) the Outstanding Balance
of all Eligible Receivables and (y) the percentage indicated in the table below based on the short-term ratings of such Designated Obligor (or, if such Designated Obligor does not have short-term ratings, the senior unsecured long-term ratings
of such Designated Obligor) as of such day: 
  

									
	 Short Term Rating
	 	 Senior Unsecured Rating
	 	 Applicable

Percentage

	 S&P
	 	 Moody’s
	 	 S&P
	 	 Moody’s
	 
	 A-1+
	 	P1	 	AAA	 	Aaa	 	15.00%
	 A-1+
	 	P1	 	AA+	 	Aa1	 	15.00%
	 A-1+
	 	P1	 	AA	 	Aa2	 	15.00%
	 A-1+
	 	P1	 	AA-	 	Aa3	 	15.00%
	 A-1
	 	P1	 	A+	 	A1	 	15.00%
	 A-1
	 	P1	 	A	 	A2	 	15.00%
	 A-1
	 	P1	 	A-	 	A3	 	15.00%
	 A-2
	 	P2	 	BBB+	 	Baa1	 	7.50%
	 A-2
	 	P2	 	BBB	 	Baa2	 	7.50%
	 A-3
	 	P3	 	BBB-	 	Baa3	 	5.00%
		 		 	Below BBB-	 	Below Baa3	 	3.00%
		 		 	NR	 	NR	 	3.00%

provided, that if the short-term ratings (or senior unsecured long-term ratings, as applicable) of any Designated
Obligor indicate two percentages, the Concentration Factor for such Designated Obligor shall be determined by the short-term rating (or senior unsecured long-term rating, as applicable) which indicates the lower percentage; 

 

 5 

 (b) with respect to the aggregate Receivables of all
Designated Obligors which are governments or a governmental subdivisions or agencies, the product of (x) the Outstanding Balance of all Eligible Receivables and (y) 5.0%; 

(c) with respect to the aggregate Receivables of all Foreign Designated Obligors located in the same
country, the product of (x) the Outstanding Balance of all Eligible Receivables and (y) 1.0%; and 

(d) with respect to the aggregate Receivables of all Foreign Designated Obligors, the product of
(x) the Outstanding Balance of all Eligible Receivables and (y) 5.0%. 
 “Conduit Assignee”
shall mean any special purpose entity that finances its activities directly or indirectly through asset-backed commercial paper and is administered by a Funding Agent or any of its Affiliates and is rated at least A-1 by S&P and P-1 by
Moody’s. 
 “Contract” shall mean an agreement or invoice pursuant to or under which an Obligor
shall be obligated to pay for merchandise purchased or services rendered. 
 “Conversion/Continuation
Notice” shall have the meaning specified in Section 2.16 of this Agreement. 
 “CP Issuer”
shall mean, at any time, Atlantic, and any other Person that becomes a party to this Agreement as a “CP Issuer” thereunder. 

“CP Rate” shall mean, for any Tranche Period for any portion of investments funded by a CP Issuer (or its
related commercial paper issuer if such CP Issuer does not itself issue commercial paper) by issuing Commercial Paper, the per annum rate equivalent to the sum of (a) the commercial paper dealer and placement agent fees and commissions,
and (b) the weighted average cost (as determined by the applicable Funding Agent and including incremental carrying costs incurred with respect to Commercial Paper maturing on dates other than those on which corresponding funds are received by
such CP Issuer, other borrowings by such CP Issuer (other than under any Program Support Agreement) and any other costs associated with the issuance of Commercial Paper) of or related to the issuance of Commercial Paper that are allocated, in whole
or in part, by such CP Issuer or the applicable Funding Agent to fund or maintain such portion of investments (and which may be also allocated in part to the funding of other assets of such CP Issuer); provided, however, that if any
component of such rate is a discount rate, in calculating the “CP Rate” for such portion of investments for such Tranche Period, such CP Issuer shall for such component use the rate resulting from converting such discount rate to an
interest bearing equivalent rate per annum. 
 “CP Tranche” shall mean a Tranche as to which
Discount is calculated at the CP Rate. 
  

 6 

 “CP Tranche Period” shall mean, with respect to any CP Tranche,
(i) if the related Commercial Paper were issued on a pool funded basis, a calendar month (or, in the case of the first CP Tranche Period, the period from and including the Effective Date to and including the last day of the calendar month in
which the Effective Date occurs) and (ii) if the related Commercial Paper were issued on a match-funded basis, the period of time allocated by the related CP Issuer to such CP Tranche. 

“Credit Agreement” shall mean that certain Credit Agreement dated as of May 13, 2009, by and among Nalco
Holdings LLC, Nalco Company, the foreign subsidiary borrowers from time to time party thereto, the lenders party thereto, Bank of America, N.A., Banc of America Securities LLC, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and BMO
Capital Markets. 
 “Credit Agricole” shall have the meaning specified in the preamble to this
Agreement. 
 “Credit Agricole Roles” shall have the meaning specified in Section 10.13 of this
Agreement. 
 “Credit and Collection Policy” shall mean the normal and customary credit and collection
policy or policies of Nalco Company relating to Contracts and Receivables attached to this Agreement as Exhibit B, as modified and in effect from time to time in compliance with Section 5.2(c) of this Agreement. 

“Deemed Collections” shall mean any Collections on any Receivable deemed to have been received pursuant to
Section 2.9(a) or (b) of this Agreement. 
 “Default Ratio” shall mean, on any Monthly
Report Date and continuing until (but not including) the next Monthly Report Date, a fraction, the numerator of which is the sum of (a) the Outstanding Balance of all Receivables which are 91 to 120 days past the original due date thereof as of
the end of the preceding Monthly Settlement Period, plus (b) the Outstanding Balance of all Receivables which were written off as uncollectible by the Collection Agent in accordance with the Credit and Collection Policy during the
immediately preceding Monthly Settlement Period prior to 121 days after their original due dates, and the denominator of which is the aggregate amount of sales giving rise to Receivables during the Monthly Settlement Period four (4) Monthly
Settlement Periods prior to such day. 
 “Defaulted Receivable” shall mean a Receivable (i) as to
which any payment, or part thereof, remains unpaid for ninety-one (91) days or more past the original due date for such Receivable; (ii) as to which an Event of Bankruptcy has occurred and is continuing with respect to the Obligor thereof;
(iii) which has been identified by the Transferor or the Collection Agent as uncollectible; or (iv) which, consistent with the Credit and Collection Policy, should be written off as uncollectible. 

“Delinquency Ratio” shall mean, on any Monthly Report Date and continuing until (but not including) the next
Monthly Report Date, a fraction, the numerator of which is the Outstanding Balance of all Delinquent Receivables as of the end of the immediately preceding Monthly Settlement Period and the denominator of which is the Outstanding Balance of all
Receivables as of the end of the immediately preceding Monthly Settlement Period. 
  

 7 

 “Delinquent Receivable” shall mean a Receivable (other that a
Defaulted Receivable) as to which any payment thereon, or part thereof, remains unpaid for sixty-one (61) to ninety (90) days past the original due date thereof. 

“Designated Obligor” shall mean, at any time, each Obligor; provided, however, that any Obligor
shall cease to be a Designated Obligor upon notice to the Transferor from the Administrative Agent (acting at the direction of the Required APA Banks), delivered at any time, if in the Administrative Agent’s commercially reasonable judgment
such Obligor is no longer creditworthy; provided that any such notice shall only affect Receivables owing by such Obligor which arise from and after the date such notice is given. 

“Diluted Receivable” shall mean that portion (and only that portion) of the Outstanding Balance of any
Receivable which is the subject of a reduction or cancellation as a result of any defective, rejected or returned merchandise or services and all credits, rebates, discounts, disputes, warranty claims, repossessed or returned goods, chargebacks,
allowances, other dilutive factors (including setoffs and other offsets arising out of either the same transaction, a related transaction or an unrelated transaction) and any other billing or other adjustment (whether effected through the granting
of credits against the applicable Receivables or by the issuance of a check or other payment in respect of (and as payment for) such reduction). 

“Dilution Period” shall mean, on any Monthly Report Date and continuing until (but not including) the next
Monthly Report Date, a number equal to a fraction, the numerator of which is equal to the aggregate amount of sales giving rise to Receivables during the two most recent Monthly Settlement Periods and the denominator of which is the Outstanding
Balance of Eligible Receivables at such time as of the end of the most recent Monthly Settlement Period. 

“Dilution Ratio” shall mean, on any Monthly Report Date and continuing until (but not including) the next
Monthly Report Date, the percentage equivalent of a fraction, the numerator of which is the amount of all Receivables which have become Diluted Receivables during the two most recent Monthly Settlement Periods, and the denominator of which is the
amount of sales giving rise to Receivables during the third and fourth most recent Monthly Settlement Periods. 

“Dilution Reserve Ratio” shall mean, on any Monthly Report Date and continuing until (but not including) the
next Monthly Report Date, an amount (expressed as a percentage) which is calculated as follows: 
 [(C × D) + [(E - D)
× (E / D)]] × F 
  

 8 

 where: 
  

					
	C	  	=	  	2.25;
			
	D	  	=	  	 the twelve-month rolling average of the Dilution Ratio during the period of twelve consecutive Monthly Settlement Periods ending immediately prior to such
Monthly Report Date;

			
	E	  	=	  	 the highest Dilution Ratio for any Monthly Settlement Period that occurred during the period of twelve consecutive Monthly Settlement Periods ending prior to
such Monthly Report Date; and

			
	F	  	=	  	 the Dilution Period.

“Discount” shall mean, with respect to any Tranche Period: 

 

	
	    (TR × TNI × AD)    
	YD

 where: 

 

					
	TR	  	=	  	 the Tranche Rate applicable to such Tranche Period;

			
	TNI	  	=	  	 the portion of the Net Investment allocated to such Tranche Period;

			
	AD	  	=	  	 the actual number of days during such Tranche Period; and

			
	YD	  	=	  	 either (i) if the Tranche Rate is the CP Rate or the Eurodollar Rate, 360 or (ii) if the Tranche Rate is the Base Rate, 365 or 366, as applicable.

 provided, however, that no provision of the Transaction Documents shall require the payment
or permit the collection of Discount in excess of the maximum amount permitted by applicable law; and provided, further, that Discount shall not be considered paid by any distribution if, at any time, such distribution is rescinded or
must be returned for any reason. 
 “DSO” shall mean, on any Monthly Report Date and continuing until
(but not including) the next Monthly Report Date, the number of calendar days equal to the product of (a) the amount obtained by dividing (i) the aggregate Outstanding Balance of Receivables as of the last day of the immediately preceding
Monthly Settlement Period by (ii) the aggregate amount of sales giving rise to Receivables during such immediately preceding Monthly Settlement Period and (b) the number of days in such immediately preceding Monthly Settlement Period.

 “Effective Date” shall have the meaning specified in Section 4.1 of this Agreement.

 “Eligible Obligor” shall mean any Designated Obligor (i) which is not the Obligor with respect
to any Charged-Off Receivable and (ii) with respect to which not more than 35% of such Obligor’s aggregate Receivables are more than ninety (90) days past their original due dates. 

 

 9 

 “Eligible Receivable” shall mean, at any time, any Receivable:

 (i) which (together with the Collections and Related Security related thereto) has been the
subject of a valid transfer and assignment from the Originator thereof to the Transferor of all of the Originator’s right, title and interest therein; 

(ii) the Obligor of which is (A) a Designated Obligor, (B) not an Affiliate of any of the
parties to this Agreement, (C) not the subject of an Event of Bankruptcy and (D) an Eligible Obligor; 

(iii) which is not a Defaulted Receivable or a Charged-Off Receivable; 

(iv) which, (A) arises pursuant to a Contract with respect to which the Originator thereof has
satisfied and fully performed all obligations required to be performed by it thereunder in order for such Receivable to be due and payable, including, without limitation, shipment of the merchandise and/or the performance of the services purchased
thereunder, and no further action is required to be performed by any Person with respect thereto other than payment thereon by the applicable Obligor; and (B) according to the Contract related thereto, is required to be paid in full within
ninety (90) days after the invoice date therefor; 
 (v) which is an “account” or
“payment intangible” within the meaning of Section 9-102 of the Relevant UCC; 

(vi) which is denominated and payable only in United States dollars in the United States; 

(vii) which arises under a Contract that, together with the Receivable related thereto, constitutes the
legal, valid and binding obligation of the related Obligor, enforceable against such Obligor in accordance with its terms, but subject to the affects of applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting
creditors’ rights generally and general equitable principles (whether considered in a proceeding at law or in equity); 

(viii) which, together with the Contract related thereto, does not contravene any laws, rules or
regulations applicable thereto (including, without limitation, laws, rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) and with
respect to which no part of the Contract related thereto is in violation of any such law, rule or regulation; 

(ix) which (A) satisfies all applicable requirements of the Credit and Collection Policy, and
(B) the Contract with respect to which does not contain any enforceable restriction on assignability of such Receivable or notice requirement, in each case that is effective under applicable law (taking into account the Relevant UCC);

  

 10 

 (x) which was generated in the ordinary course of business
of the Originator thereof and with respect to which no portion of such Receivable is unbilled; 

(xi) the Obligor of which has been directed to make all payments to a Lock-Box Account that is the subject
of a Lock-Box Agreement; 
 (xii) the assignment of which under the Receivables Purchase
Agreement by the Originator thereof to the Transferor and the assignment of which under this Agreement by the Transferor to the Administrative Agent on behalf of the Transferees does not violate, conflict with or contravene any applicable laws,
rules, regulations, orders or writs; 
 (xiii) which has not been compromised, adjusted or
modified (including by the extension of time for payment or the granting of any discounts, allowances or credits) provided, that only the portion of such Receivable that has been so compromised, adjusted or modified shall be deemed not to be
an “Eligible Receivable” pursuant to the criterion of this clause (xiv); 
 (xiv)
which arises under a Contract that contains an obligation to pay a specified sum of money, contingent only upon the sale of goods or the provision of services by the Originator thereof; 

(xv) which arises solely from the sale of goods and/or the provision of services to the related Obligor by
the Originator thereof, and not by any other Person (in whole or in part); 
 (xvi) which is not
subject to any litigation or dispute, or any right of rescission, set-off, counterclaim or any other defense (including defenses arising out of violations of usury laws) of the applicable Obligor against the Originator thereof (subject to the
affects of applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors’ rights generally and general equitable principles (whether considered in a proceeding at law or in equity)) or any other Adverse
Claim, and the Obligor thereon holds no right as against the Originator thereof to cause it to repurchase the goods or merchandise the sale of which shall have given rise to such Receivable (except with respect to sale discounts effected pursuant to
the Contract, or defective goods returned in accordance with the terms of the Contract); and 

(xvii) all right, title and interest to and in which has been validly transferred by the Originator
thereof directly to the Transferor under and in accordance with the Receivables Purchase Agreement and the Transferor has good title thereto free and clear of any Adverse Claim. 

 

 11 

 “ERISA” shall mean the Employee Retirement Income Security Act of
1974, as amended, supplemented or otherwise modified and in effect from time to time, and the rules and regulations promulgated thereunder. 

“ERISA Affiliate” shall mean, with respect to any Person, (i) any corporation which is a member of the
same controlled group of corporations (within the meaning of Section 414(b) of the Code) as such Person; (ii) a trade or business (whether or not incorporated) under common control (within the meaning of Section 414(c) of the Code)
with such Person; or (iii) a member of the same affiliated service group (within the meaning of Section 414(n) of the Code) as such Person, any corporation described in clause (i) above or any trade or business described in clause
(ii) above. 
 “Eurodollar Rate” shall mean, with respect to any Eurodollar Tranche Period for a
Transferee Group, a rate equal to the sum of (a) the Applicable Margin, plus (b) rate per annum equal to the sum (rounded upwards, if necessary, to the next higher 1/100 of 1%) of (A) the rate obtained by dividing (i) the
applicable LIBOR Rate by (ii) a percentage equal to 100% minus the reserve percentage used for determining the maximum reserve requirement as specified in Regulation D of the Board of Governors of the Federal Reserve System (including, without
limitation, any marginal, emergency, supplemental, special or other reserves) that is applicable to the related Funding Agent during such Eurodollar Tranche Period in respect of eurocurrency or eurodollar funding, lending or liabilities (or, if more
than one percentage shall be so applicable, the daily average of such percentage for those days in such Eurodollar Tranche Period during which any such percentage shall be applicable) plus (B) the then daily net annual assessment rate (rounded
upwards, if necessary, to the nearest 1/100 of 1%) as estimated by the related Funding Agent for determining the current annual assessment payable by such Funding Agent to the Federal Deposit Insurance Corporation in respect of eurocurrency or
eurodollar funding, lending or liabilities. 
 “Eurodollar Tranche” shall mean a Tranche as to which
Discount is calculated at the Eurodollar Rate. 
 “Eurodollar Tranche Period” shall mean, with respect
to a Eurodollar Tranche for a Transferee Group, prior to the Termination Date, a period of one, two or three months requested by the Transferor and agreed to by the related Transferee Group commencing on a Business Day requested by the Transferor
and agreed to by the related Transferee Group; provided, however, that if such Eurodollar Tranche Period would expire on a day which is not a Business Day, such Eurodollar Tranche Period shall expire on the next succeeding Business
Day; provided, further, that if such Eurodollar Tranche Period would expire on (a) a day which is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such Eurodollar Tranche
Period shall expire on the immediately preceding Business Day or (b) a Business Day for which there is no numerically corresponding day in the applicable subsequent calendar month, such Eurodollar Tranche Period shall expire on the last
Business Day of such month. 
  

 12 

 “Event of Bankruptcy” shall mean, with respect to any Person,
(i) that such Person (a) shall generally not pay its debts as such debts become due or (b) shall admit in writing its inability to pay its debts generally or (c) shall make a general assignment for the benefit of creditors;
(ii) any proceeding shall be instituted by or against such Person seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its
debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for it or any substantial part of its
property, and in the case of any proceeding (in the case of any Person other than the Transferor), such involuntary proceeding shall not have been stayed or dismissed for sixty (60) days or (iii) such Person shall take any action to
authorize any of the actions set forth in the foregoing clauses (i) or (ii). 
 “Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended. 
 “Excluded Receivable” shall mean any
indebtedness owed to the Originator (x) by an Obligor which is a Sanctioned Entity or a Sanctioned Person or (y) which has been generated in a country which is a Sanctioned Entity. 

“Facility Limit” shall mean $150,000,000; provided that from and after the Termination Date, the
Facility Limit shall at all times equal the Net Investment. 
 “Fee Letters” shall mean the letter
agreements, dated the Effective Date, between the Transferor and the Funding Agents for each Transferee Group, with respect to the fees to be paid by the Transferor under the Transaction Documents, as amended, supplemented or otherwise modified and
in effect from time to time. 
 “Finance Charges” shall mean, with respect to a Contract, any finance,
interest, late or similar charges owing by an Obligor pursuant to such Contract. 
 “Financial Covenant
Default” shall mean a default in the due observance or performance of any covenant, condition or agreement set forth in any of Sections 6.11 or 6.12 of the Credit Agreement as in effect on the date hereof and without giving effect to any
amendment, waiver, supplement, termination or other modification to the Credit Agreement made after the date hereof, except that if (i) any of Sections 6.11 or 6.12 of the Credit Agreement is amended or waived prior to the termination of the
Credit Agreement and (ii) Credit Agricole is then a party to the Credit Agreement, then references herein to such Sections shall give effect to such amendment or waiver. 

“Fitch” shall mean Fitch, Inc., and its successors and assigns. 

“Foreign Designated Obligor” shall mean a Designated Obligor that is located outside the United States.

 “Funding Agent” shall mean Credit Agricole and any other Person that becomes a party to this
Agreement as a “Funding Agent” thereunder. 
  

 13 

 “GAAP” shall mean generally accepted accounting principles in
effect from time to time in the United States. 
 “Group Facility Limit” shall mean (x) in the
case of the Transferee Group of which Atlantic Asset Securitization LLC is a member, $150,000,000 or (y) in the case of any other Transferee Group, the amount specified in the joinder, assignment or other agreement pursuant to which such
Transferee Group became party to this Agreement. 
 “Group Net Investment” shall mean, for each
Transferee Group, the portion of the Net Investment allocated to such Transferee Group. 
 “Incremental
Transfer” shall have the meaning specified in Section 2.1 of this Agreement. 

“Indebtedness” shall mean, with respect to any Person, such Person’s (i) obligations for borrowed
money, (ii) obligations representing the deferred purchase price of property other than accounts payable arising in the ordinary course of such Person’s business on terms customary in the trade, (iii) obligations, whether or not
assumed, secured by liens or payable out of the proceeds or production from property now or hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes, acceptances, or other instruments, and (v) Capitalized
Lease obligations. 
 “Indemnified Amounts” shall have the meaning specified in Section 8.1 of
this Agreement. 
 “Indemnified Parties” shall have the meaning specified in Section 8.1 of this
Agreement. 
 “Independent Director” shall mean a director of the Transferor who (a) is not and
has not, during the past five years, been a stockholder (whether direct, indirect or beneficial), customer, advisor or supplier of Transferor or any of its affiliates (provided that indirect stock ownership of Transferor or of any affiliate by any
person through a mutual fund or similar diversified investment pool shall not disqualify such person from being an Independent Director unless such person maintains direct or indirect control of the investment decisions of such mutual fund or
similar diversified investment pool); (b) is not and has not, during the past five years, been a director (other than an independent director of an entity described in clause (e) of this definition), officer, employee, affiliate or
associate of Transferor or any of its affiliates (Transferor and its affiliates being hereinafter referred to as the “Corporate Group”); (c) is not a person related to any person referred to in clauses (a) and (b); (d) is
not and has not, during the past five years, been a trustee, conservator or receiver for any member of the Corporate Group; and (e) has (i) prior experience as an independent director for an entity whose organizational documents required
the unanimous consent of all independent directors thereof before such entity could consent to the institution of bankruptcy or insolvency proceedings against it or could file a petition seeking relief under any applicable federal or state law
relating to bankruptcy and (ii) at least three years of employment experience with one or more entities that provide, in the ordinary course of their respective businesses, advisory, management, independent director or placement services to
issuers of securitization or structured finance instruments, agreements or securities. 
  

 14 

 “Law” shall mean any law (including common law), constitution,
statute, treaty, regulation, rule, ordinance, order, injunction, writ, decree or award of any Official Body. 

“Leverage Ratio” shall have the meaning ascribed to the term “Total Leverage Ratio” in the Credit
Agreement as in effect on the date hereof and without giving effect to any amendment, waiver, supplement, termination or other modification to the Credit Agreement made after the date hereof, except that if (i) the definition of the “Total
Leverage Ratio” in the Credit Agreement or any defined term used in the definition of the “Total Leverage Ratio” in the Credit Agreement is amended prior to the termination of the Credit Agreement and (ii) Credit Agricole is then
a party to the Credit Agreement, then references herein to such term shall give effect to such amendment or waiver. 

“LIBOR Rate” shall mean, with respect to any Eurodollar Tranche Period for any Transferee Group, the rate per
annum determined by the applicable Funding Agent at approximately 11:00 a.m., London time, two (2) Business Days before the first day of such Eurodollar Tranche, by reference to the British Bankers’ Association Interest Settlement Rates
for deposits in US dollars (as reflected on Reuters Screen LIBOR01 Page) in an amount approximately equal to the Eurodollar Tranche to which the Eurodollar Rate is to apply and for a period of time approximately equal to the applicable Eurodollar
Tranche Period. 
 “Lock-Box Account” shall mean each of the lockboxes maintained for the purpose of
receiving Collections from Receivables. 
 “Lock-Box Agreement” shall mean each agreement between the
Collection Agent, the Transferor, the Administrative Agent and a Lock-Box Bank, in form and substance reasonably acceptable to the Administrative Agent and shall in any event include each of the agreements identified as Lock-Box Agreements on
Exhibit C to this Agreement. 
 “Lock-Box Bank” shall mean each of the banks set forth in Exhibit C to
this Agreement, and such banks as may be added thereto or deleted therefrom pursuant to Section 2.8 of this Agreement. 

“Loss and Dilution Reserve” shall mean, as of any date of determination, an amount equal to the product of
(i) the Net Receivables Balance as of such date and (ii) the Loss and Dilution Reserve Ratio as of such date. 

“Loss and Dilution Reserve Ratio” shall mean, on any Monthly Report Date and continuing until (but not
including) the next Monthly Report Date, the greater of (a) the Minimum Ratio and (b) the sum of (i) the Loss Reserve Ratio, and (ii) the Dilution Reserve Ratio. 

 

 15 

 “Loss Horizon” shall mean, on any Monthly Report Date and
continuing until (but not including) the next Monthly Report Date, the amount obtained by dividing (i) the sum of the aggregate amount of sales giving rise to Receivables during the four (4) most recent Monthly Settlement Periods by
(ii) the Outstanding Balance of Eligible Receivables at such time as of the end of the most recent Monthly Settlement Period. 

“Loss Reserve Ratio” shall mean, on any Monthly Report Date and continuing until (but not including) the next
Monthly Report Date, the product of (a) 2.25, (b) the highest three-month average Default Ratio that occurred during the twelve (12) most recent Monthly Settlement Periods and (c) the Loss Horizon. 

“Material Adverse Effect” shall mean a material adverse effect on (i) the enforceability or collectibility
of the Receivables, (ii) the ability of the Transferor, the Collection Agent, the Parent or the Originator to perform its respective obligations under the Transaction Documents to which it is a party, (iii) the condition (financial or
otherwise), businesses or properties of the Transferor or of the Parent and its Subsidiaries, taken as a whole, or (iv) the legality, validity or enforceability of this Agreement or any other Transaction Document. 

“Maximum Percentage Factor” shall mean 100%. 

“Minimum Ratio” shall mean, on any Monthly Report Date and continuing until (but not including) the next
Monthly Report Date, the sum of (i) 15.00% (which represents the loss reserve floor) plus (ii) the product of (A) the average Dilution Ratio over the twelve (12) Monthly Settlement Periods immediately preceding such
Monthly Report Date, and (B) the Dilution Period. 
 “Monthly Payment Date”
shall mean the fifth (5th) day of each calendar month
(commencing July 2010) immediately succeeding a Monthly Settlement Period (or, if such day is not a Business Day, the next succeeding Business Day). 

“Monthly Report” shall mean a report, in substantially the form attached to this Agreement as Exhibit E-1 or in
such other form as is mutually agreed to by the Transferor and the Funding Agents, delivered by the Collection Agent to the Administrative Agent and the Funding Agents on each Monthly Report Date pursuant to Section 2.11(a) of this Agreement or
prior to an Incremental Transfer pursuant to Section 2.2(a) of this Agreement. 

“Monthly Report Date” shall mean the tenth
(10th) Business Day of each calendar month.

 “Monthly Settlement Period” shall mean the period of days from and including the first day of a
calendar month to and including the last day of such calendar month. 
 “Moody’s” shall mean
Moody’s Investors Service, Inc., and its successors and assigns. 
 “Multiemployer Plan” shall
mean a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding five (5) years contributed to by the Transferor, the Originator or any ERISA
Affiliate of the Transferor or the Originator on behalf of its employees. 
  

 16 

 “Net Investment” shall mean the sum of the aggregate amount paid
to the Transferor by the Transferees in cash for each increase in the Transferees’ percentage ownership interests in the Receivables pursuant to Section 2.2 of this Agreement minus the aggregate amount of Collections received and applied
by the Funding Agents to reduce such Net Investment pursuant to Section 2.5, 2.6 or 2.9 of this Agreement; provided that the Net Investment shall be restored and reinstated in the amount of any Collections so received and applied if, at
any time, the distribution of such Collections is rescinded or must otherwise be returned for any reason. 

“Net Receivables Balance” shall mean, at any time, the Outstanding Balance of the Eligible Receivables at such
time, as reduced by the amount necessary such that the Outstanding Balance of all Eligible Receivables to be included in the determination of Net Receivables Balance for any Designated Obligor or group of Designated Obligors does not exceed the
Concentration Factor for such Designated Obligor or such group of Designated Obligors. 
 “Obligor”
shall mean a Person obligated to make payments for the provision of goods and services pursuant to a Contract. 

“OFAC” shall mean The Office of Foreign Assets Control of the U.S. Department of the Treasury. 

“Official Body” shall mean any government or political subdivision or any agency, authority, bureau, central
bank, commission, department or instrumentality of any such government or political subdivision, or any court, tribunal, grand jury or arbitrator, or any organization (e.g. FASB) which interprets national or international accounting
principles, in each case whether foreign or domestic. 
 “Originator” shall mean Nalco Company, a
Delaware corporation, and its permitted successors and assigns. 
 “Outstanding Balance” shall mean,
with respect to any Receivable at any time, the then outstanding principal amount thereof, excluding any accrued and outstanding Finance Charges related thereto. 

“Parent” shall mean Nalco Holdings LLC, a Delaware limited liability company. 

“Parent Guaranty” shall mean that certain Parent Guaranty of even date herewith, made by the Parent in favor of
the Transferor and its assignees, as the same may from time to time be amended, supplemented or otherwise modified and in effect. 
  

 17 

 “Percentage Factor” shall mean the fraction (expressed as a
percentage) computed on any date of determination as follows: 
 NI + TR 

NRB 
 Where: 

 

					
	NI	  	=	  	the Net Investment as of such date;
			
	TR	  	=	  	Total Reserves as of such date; and
			
	NRB	  	=	  	the Net Receivables Balance as of such date.

 The
Percentage Factor shall remain constant at 100% at all times from and after the Termination Date. 

“Permitted Investments” shall mean any of the following (a) negotiable instruments or securities
represented by instruments in bearer or registered or in book-entry form which evidence (i) obligations fully guaranteed by the United States of America; (ii) time deposits in, or bankers acceptances issued by, any depositary institution
or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by Federal or state banking or depositary institution authorities; provided, however, that at
the time of investment or contractual commitment to invest therein, the certificates of deposit or short-term deposits, if any, or long-term unsecured debt obligations (other than such obligation whose rating is based on collateral or on the credit
of a Person other than such institution or trust company) of such depositary institution or trust company shall have a credit rating from Moody’s and S&P of at least “P-1” and “A-1”, respectively, in the case of the
certificates of deposit or short-term deposits, or a rating not lower than one of the two highest investment categories granted by Moody’s and by S&P; (iii) certificates of deposit having, at the time of investment or contractual
commitment to invest therein, a rating from Moody’s and S&P of at least “P-1” and “A-1”, respectively; or (iv) investments in money market funds rated in the highest investment category or otherwise approved in
writing by the applicable rating agencies; (b) demand deposits and cash escrows in any depositary institution or trust company referred to in (a)(ii) above; (c) commercial paper (having original or remaining maturities of no more than 30
days) having, at the time of investment or contractual commitment to invest therein, a credit rating from Moody’s and S&P of at least “P-1” and “A-1”, respectively; (d) Eurodollar time deposits having a credit
rating from Moody’s and S&P of at least “P-1” and “A-1”, respectively; and (e) repurchase agreements involving any of the Permitted Investments described in clauses (a)(i), (a)(iii) and (d) of this definition
so long as the other party to the repurchase agreement has at the time of investment therein, a rating from Moody’s and S&P of at least “P-1” and “A-1”, respectively. 

“Permitted Liens” shall mean (a) ownership interests, security interests or claims arising under the
Transaction Documents and (b) liens for taxes, assessments or charges of any Official Body (other than liens arising under ERISA or for taxes due and payable) and liens of landlords, carriers, warehousemen, mechanics and materialmen imposed by
law in the ordinary course of business, in each case (i) for amounts not yet due or (ii) which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are
being maintained in accordance with GAAP. 
  

 18 

 “Person” shall mean any corporation, limited liability company,
natural person, firm, joint venture, partnership, trust, unincorporated organization, enterprise, government or any department or agency of any government. 

“Potential Termination Event” shall mean an event which but for the lapse of time or the giving of notice, or
both, would constitute a Termination Event. 
 “Proceeds” shall mean “proceeds” as defined
in the Relevant UCC. 
 “Pro Rata Share” shall mean, for any Transferee Group, the percentage
equivalent of a fraction, the numerator of which is the related Group Facility Limit, and the denominator of which is the Facility Limit. 

“Program Support Agreement” shall mean and include any agreement entered into by any Program Support Provider
providing for the issuance of one or more letters of credit for the account of a CP Issuer (or any related commercial paper issuer that finances such CP Issuer), the issuance of one or more surety bonds for which the CP Issuer (or such related
issuer) is obligated to reimburse the applicable Program Support Provider for any drawings thereunder, the sale by the CP Issuer (or such related issuer) to any Program Support Provider of the Transferred Interest (or portions thereof or
participations therein) and/or the making of loans and/or other extensions of credit to the CP Issuer (or such related issuer) in connection with its commercial paper program, together with any letter of credit, surety bond or other instrument
issued thereunder. 
 “Program Support Provider” shall mean and include any Person now or hereafter
extending credit or having a commitment to extend credit to or for the account of, or to make purchases from, a CP Issuer (or any related commercial paper issuer that finances such CP Issuer) or issuing a letter of credit, surety bond or other
instrument to support any obligations arising under or in connection with the CP Issuer’s (or such related issuer’s) commercial paper program. 

“Purchaser” shall mean Nalco Receivables II LLC, a Delaware limited liability company, as purchaser under the
Receivables Purchase Agreement, and its successors and permitted assigns in such capacity. 
 “Rating
Agencies” shall mean Fitch, Standard & Poor’s and Moody’s. 
 “Rating
Organization” shall mean each nationally recognized statistical rating organization providing or proposing to provide a rating to, or monitoring the rating of the CP Issuer’s Commercial Paper. 

 

 19 

 “Receivable” shall mean the indebtedness, other than indebtedness
constituting an Excluded Receivable, owed to the Originator by an Obligor under a Contract whether constituting an account, chattel paper, instrument, investment property or general intangible, arising in connection with the sale or lease of
merchandise or the rendering of services by the Originator, and includes the right to payment of any Finance Charges and other obligations of such Obligor with respect thereto. 

“Receivables Purchase Agreement” shall mean that certain Receivables Purchase Agreement of even date herewith,
by and among the Originator as seller, and the Transferor, as purchaser, as such agreement may be amended, supplemented or otherwise modified and in effect from time to time. 

“Recipient” shall have the meaning specified in Section 2.14 of this Agreement. 

“Records” shall mean all documents, books, records and other information (including, without limitation,
computer programs, tapes, discs, punch cards, data processing software and related property and rights) and rights under the provisions of, and rights to access, use and possess, the Contracts relating to the Receivables maintained with respect to
Receivables and the related Obligors. 
 “Related Security” with respect to any Receivable shall mean
the rights of the Originator and the Transferor in, to and under: 
 (a) all of the
Originator’s interest, if any, in the merchandise (including returned or repossessed merchandise), if any, the sale of which by the Originator gave rise to such Receivable excluding any of the foregoing which secures Indebtedness under the
Credit Agreement or, to the extent any Indebtedness is outstanding under the 2003 Credit Agreement, the 2003 Credit Agreement; 

(b) all other security interests or liens and property subject thereto from time to time, if any,
purporting to secure payment of such Receivable, whether pursuant to the Contract related to such Receivable or otherwise, together with all financing statements authorized by an Obligor describing any collateral securing such Receivable;

 (c) all guarantees, indemnities, warranties, insurance (and proceeds and premium refunds
thereof) or other agreements or arrangements of any kind from time to time supporting or securing payment of such Receivable whether pursuant to the Contract related to such Receivable or otherwise; 

(d) all Records related to such Receivable; 

(e) with respect to this Agreement, all rights and remedies of the Transferor under the Parent Guaranty,
Receivables Purchase Agreement and the Closing Date Sale Agreement, together with all financing statements filed by the Transferor against the Originator in connection therewith; and 

(f) all Proceeds of any of the foregoing. 

 

 20 

 “Relevant UCC” shall mean, with respect to any relevant state, the
Uniform Commercial Code as from time to time in effect in such state. 
 “Reporting Date” shall mean
each Monthly Report Date and each day on which a Weekly Report is required to be delivered pursuant to Section 2.11(b). 

“Required APA Banks” shall mean, at any time, APA Banks having Commitments equal to more than 50% of the
Aggregate Commitment, or, if the Commitments have been terminated, having more than 50% of the Net Investment. 

“Responsible Officer” shall mean, with respect to any Person, the president, any vice president, the chief
financial officer, the treasurer, the comptroller, the assistant comptroller or the assistant treasurer of such Person. 

“Rule 17g-5” shall mean Rule 17g-5 under the Exchange Act as such may be amended from time to time, and subject
to such clarification and interpretation as have been provided by the Commission in the adopting release (Amendments to Rules for Nationally Recognized Statistical Rating Organizations, Exchange Act Release No. 34-61050, 74 Fed. Reg. 63,832,
63,865 (Dec. 4, 2009)) and subject to such clarification and interpretation as may be provided by the Commission or its staff from time to time. 

“Sanctioned Entity” shall mean (a) a country or a government of a country, (b) an agency of the
government of a country, (c) an organization directly or indirectly controlled by a country or its government, or (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions
program administered and enforced by OFAC. 
 “Sanctioned Person” shall mean a person named on the
list of Specially Designated Nationals maintained by OFAC. 
 “Scheduled Commitment Expiry Date” shall
mean June 21, 2013. 
 “Servicing Fee” shall mean the fees payable by the Transferees to the
Collection Agent, in an amount equal to the Servicing Fee Percentage multiplied by the average daily Outstanding Balance of all Receivables for the period for which such fee is being paid, multiplied by the number of days in such period, divided by
360. Such fee shall accrue from the date of the initial purchase of the Receivables by the Transferor. On or prior to the Termination Date, such fee shall be payable only from Collections pursuant to, and subject to the priority of payments set
forth in, Section 2.5 of this Agreement. After the Termination Date, such fee shall be payable only from Collections pursuant to, and subject to the priority of payments set forth in, Section 2.6 of this Agreement. 

“Servicing Fee Percentage” shall mean 1% per annum. 

“Servicing Fee Reserve” shall mean, as of any date of determination, an amount equal to the product of
(i) the aggregate Outstanding Balance of all Receivables as of such date and (ii) the Servicing Fee Reserve Ratio as of such date. 
  

 21 

 “Servicing Fee Reserve Ratio” shall mean, on any Monthly Report
Date and continuing until (but not including) the next Monthly Report Date, a rate equal to (a) the product of (i) the Servicing Fee Percentage and (ii) the product of (x) 1.5 and (y) the DSO as of such date, divided by
(b) 360. 
 “Standard & Poor’s” or “S&P” shall mean
Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and its successors and assigns. 

“Subsidiary” of a Person shall mean any Person more than 50% of the outstanding voting interests of which shall
at any time be owned or controlled, directly or indirectly, by such Person or by one or more Subsidiaries of such Person or any similar business organization which is so owned or controlled. 

“Taxes” shall have the meaning specified in Section 8.3 of this Agreement. 

“Termination Date” shall mean the earliest of (i) the Business Day designated by the Transferor to the
Administrative Agent and the Funding Agents as the Termination Date at any time following five (5) Business Days’ written notice to the Administrative Agent and the Funding Agents, (ii) the day upon which a Termination Date is
declared or automatically occurs relating to a Termination Event pursuant to Section 7.2(a) of this Agreement or (iii) the Commitment Expiry Date. 

“Termination Event” shall mean an event described in Section 7.1 of this Agreement. 

“Total Reserves” shall mean, as of any date of determination, an amount equal to the sum of (i) the Loss
and Dilution Reserve as of such date, plus (ii) the Carrying Cost Reserve as of such date, plus (iii) the Servicing Fee Reserve as of such date. 

“Tranche” shall mean a portion of the Net Investment allocated to a Tranche Period pursuant to Section 2.3
of this Agreement. 
 “Tranche Period” shall mean a CP Tranche Period, a BR Tranche Period or a
Eurodollar Tranche Period. 
 “Tranche Rate” shall mean the CP Rate, the Base Rate or the Eurodollar
Rate; provided that at any time when a Termination Event shall have occurred and be continuing, the “Tranche Rate” shall equal the Base Rate in effect at such time plus 2.00% per annum. 

“Transaction Costs” shall have the meaning specified in Section 8.4(a) of this Agreement. 

“Transaction Documents” shall mean, collectively, this Agreement, the Receivables Purchase Agreement, the
Transfer Certificate, the Parent Guaranty, the Fee Letters, the Lock-Box Agreements and all of the other instruments, documents, certificates and other Agreements executed and delivered by the Originator or the Transferor in connection with any of
the foregoing, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to time. 
  

 22 

 “Transaction Information” shall mean any information provided to
any Rating Organization, in each case, to the extent related to such Rating Organization providing or proposing to provide a rating of the CP Issuer’s Commercial Paper or monitoring such rating including, without limitation, information in
connection with the Transferor, the Originator, the Collection Agent or the Receivables; provided that, for the avoidance of doubt, “Transaction Information” shall not include any information provided by Nalco Company or any of its
subsidiaries or Affiliates to any nationally recognized statistical rating organization (other than information solely related to the Receivables subject to this Agreement) in connection with such rating organization providing a rating or proposing
to provide a rating to, or monitoring an existing rating of Nalco Company or any of its subsidiaries or Affiliates or any debt securities of any of the foregoing. 

“Transfer” shall mean a conveyance, transfer and assignment by the Transferor to the Transferees of an
undivided Percentage ownership interest in Receivables and Related Security pursuant to, and in accordance with, this Agreement (including, without limitation, as a result of any reinvestment of Collections in Transferred Interests pursuant to
Section 2.2(b) and 2.5 of this Agreement). 
 “Transfer Certificate” shall have the meaning
specified in Section 2.2(a) of this Agreement. 
 “Transfer Date” shall mean, with respect to
each Transfer, the Business Day on which such Transfer is made. 
 “Transfer Price” shall mean, with
respect to any Incremental Transfer, the amount paid to the Transferor by the Transferees, as described in the applicable Transfer Certificate. 

“Transferee” shall mean, at any time, any of the CP Issuers and the APA Banks. 

“Transferee Group” shall mean, at any time, a group consisting of a CP Issuer, such CP Issuer’s related
APA Banks, and such CP Issuer’s Funding Agent. 
 “Transferor” shall have the meaning specified
in the preamble hereto. 
 “Transferred Interest” shall mean, on any date of determination, an
undivided percentage ownership interest of the Transferees in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and
(iv) all Proceeds of the foregoing, which undivided ownership interest shall be equal to the Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together
with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that
the Transferred Interest shall decrease as a result of a recalculation of the Percentage Factor, the Transferees shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with
Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that, in each case, the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  

 23 

 “U.S.” or “United States” shall mean the United States
of America and its territories. 
 “Weekly Report” shall have the meaning specified in
Section 2.11(b) of this Agreement. 
 “Weekly Report Date” shall mean the
third (3rd) Business Day of each calendar week.

 SECTION 1.2. Other Terms. All accounting terms not specifically defined herein shall be construed in
accordance with GAAP. All terms used in Article 9 of the Relevant UCC in the State of New York, and not specifically defined herein, are used herein as defined in such Article 9. The words “herein,” “hereof,” and
“hereunder” and other words of similar import refer to this Agreement as a whole, including the exhibits and schedules hereto, as the same may from time to time be amended or supplemented and not to any particular section, subsection, or
clause contained in this Agreement, and all references to Sections, Exhibits and Schedules shall mean, unless the context clearly indicates otherwise, the Sections hereof and the Exhibits and Schedules attached hereto, the terms of which Exhibits
and Schedules are hereby incorporated into this Agreement. The captions and section numbers appearing in this Agreement are inserted only as a matter of convenience and do not define, limit, construe or describe the scope or intent of the provisions
of this Agreement. Each of the definitions set forth in Section 1.1 hereof shall be equally applicable to both the singular and plural forms of the defined terms. Unless specifically stated otherwise, (x) all references herein to any
agreements, documents or instruments shall be references to the same as amended, restated, supplemented or otherwise modified from time to time and (y) all references herein to any law shall include all statutory and regulatory provisions
consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time. 

SECTION 1.3. Computation of Time Periods. Unless otherwise stated in this Agreement, in the computation of a
period of time from a specified date to a later specified date, the word “from” means “from and including”, the words “to” and “until” each means “to but excluding”, and the word “within”
means “from and excluding a specified date and to and including a later specified date”. 
 SECTION
1.4. Computation of Reserves, Ratios, Etc. For purposes of computation of each of the Default Ratio, the Delinquency Ratio, the Dilution Period, the Dilution Ratio, the Dilution Reserve Ratio, the DSO, the Loss Horizon, the Loss Reserve
Ratio, the Minimum Ratio and any other term the calculation of which includes any of the foregoing as a component, to the extent that the number of Monthly Settlement Periods that have occurred since the Effective Date is less than the requisite
number indicated in the definition thereof, such computation shall be based on historical data provided to the Administrative Agent by Nalco Company. 
  

 24 

 ARTICLE II 

TRANSFERS AND SETTLEMENTS 

SECTION 2.1. Facility. Upon the terms and subject to the conditions set forth herein and in the other Transaction
Documents prior to the Termination Date, (x) the Transferor may, at its option, increase the Net Investment by conveying, transferring and assigning to the Transferees and (y) each CP Issuer (acting through the Administrative Agent) may,
at its option, and such CP Issuer’s related APA Banks (acting through the Administrative Agent) shall be obligated to, accept such conveyance, transfer and assignment from the Transferor of, without recourse except as provided herein, undivided
percentage ownership interests in the Receivables, together with Related Security, Collections and Proceeds with respect thereto, from time to time (each such increase, an “Incremental Transfer”); provided that after giving effect
to each such Incremental Transfer, (i) the Net Investment shall not exceed the Facility Limit, (ii) each Group Net Investment shall not exceed the related Group Facility Limit and (iii) the representations and warranties set forth in
Sections 3.1 and 3.2 shall be true and correct as of the date to which such representations and warranties speak immediately after giving effect to any such Incremental Transfer and the payment to the Transferor of the cash portion of the Transfer
Price related thereto. By accepting any conveyance, transfer and assignment hereunder, none of the Transferees, the Administrative Agent or any Funding Agent assumes or shall have any obligations or liability under any of the Contracts, all of which
shall remain the obligations and liabilities of the Originator. 
 SECTION 2.2. Transfers; Certificates.

 (a) Transfer Procedures. Prior to the Termination Date, the Transferor shall, by notice to the
Administrative Agent and the Funding Agents given by telecopy, offer to convey, transfer and assign to the CP Issuers and/or the APA Banks undivided percentage ownership interests in the Receivables and Related Security, Collections and Proceeds
with respect thereto by no later than (i) 1:00 P.M. (New York time) two (2) Business Days prior to the proposed date of any Incremental Transfer to be funded at a CP Rate, (ii) 1:00 P.M. (New York time) on the same Business Day of any
Incremental Transfer to be funded at a Base Rate, and (iii) 1:00 P.M. (New York time) three (3) Business Days prior to the proposed date of any Incremental Transfer to be funded at a Eurodollar Rate. The portion of an Incremental Transfer
made to the Transferees of a Transferee Group shall equal such Transferee Group’s Pro Rata Share of such Incremental Transfer. Each Incremental Transfer made to a CP Issuer shall be in such CP Issuer’s sole and absolute discretion. Each
such notice shall be in substantially the form of Exhibit J hereto and shall specify (x) the desired Transfer Price (which shall be at least $1,000,000 or integral multiples of $100,000 in excess thereof) or, to the extent that the then
available unused portion of the Facility Limit is less than such amount, such lesser amount equal to such available portion of the Facility Limit; (y) the desired date of such Incremental Transfer; and (z) in the case of a Transfer to be
funded at a Eurodollar Rate or a Base Rate, the desired Tranche Period(s) and allocations of the Net Investment of such Incremental Transfer thereto as required by Section 2.3. Each Incremental Transfer shall be subject to the condition
precedent that the Collection Agent shall have delivered to the Administrative Agent and the Funding Agents, in form and substance satisfactory to the Administrative Agent and the Funding Agents, a completed Monthly Report prior to the desired date
of such Incremental Transfer (or, if applicable, a Weekly Report dated no earlier than five (5) Business Days prior to the desired date of such Incremental Transfer). Each Funding Agent will promptly notify its related CP Issuer and related APA
Banks of such Funding Agent’s receipt of any request for an Incremental Transfer to be made to such Person. At its option, any CP Issuer shall accept or reject any such offer by notice given to its related Funding Agent by telephone or
telecopy. The Funding Agent will provide notice of any rejection of any such offer. Increases pursuant to this Section 2.2(a), together with decreases pursuant to Section 2.6(a), may occur no more than once per calendar week (unless
otherwise agreed by the Funding Agents). 
  

 25 

 Each notice of proposed Transfer shall be irrevocable and binding on the Transferor, and the
Transferor shall indemnify the Transferees against any loss or expense incurred by the Transferees, either directly or indirectly, as a result of any failure by the Transferor to complete such Incremental Transfer, including, without limitation, any
actual loss or expense incurred by the Transferees, either directly or indirectly, by reason of the liquidation or reemployment of funds acquired by the Transferees (including, without limitation, funds obtained by issuing Commercial Paper or
promissory notes, obtaining deposits as loans from third parties and reemployment of funds) for the Transferees to fund such Incremental Transfer. 

On or before the date of the initial Incremental Transfer, each Funding Agent, on behalf of its related Transferees, shall deliver
written confirmation to the Transferor of the Transfer Price, the Tranche Period(s) and the Tranche Rate(s) relating to such Transfer, and the Transferor shall deliver to the Administrative Agent the Transfer Certificate in the form of Exhibit F
hereto (the “Transfer Certificate”). The Administrative Agent shall indicate the amount of the initial Incremental Transfer together with the date thereof on the grid attached to the Transfer Certificate. On the date of each subsequent
Incremental Transfer, each Funding Agent shall send written confirmation to the Transferor and the Administrative Agent of the Transfer Price, the Tranche Period(s), the Transfer Date and the type of Tranche Rate(s) applicable to its related
Transferee Group’s Pro Rata Share of such Incremental Transfer. The Administrative Agent shall indicate the amount of the Incremental Transfer together with the date thereof as well as any decrease in the Net Investment on the grid attached to
the Transfer Certificate. The Transfer Certificate shall evidence the Incremental Transfers; provided that the failure to so evidence shall not affect the validity of any Incremental Transfer. Following each Incremental Transfer, each Funding
Agent, on behalf of its related CP Issuer and related APA Banks, shall deposit to the Transferor’s account at the location indicated in Section 10.3 hereof, in immediately available funds, an amount equal to its related Transferee
Group’s Pro Rata Share of the Transfer Price for such Incremental Transfer made to its related CP Issuer and APA Banks, as applicable. The Transferor hereby understands and agrees that, unless specifically provided otherwise in this Agreement,
all Tranche Periods for a Transferee Group shall be CP Tranche Periods if the related CP Issuer, in its sole discretion, so consents. 
  

 26 

 (b) Reinvestment Transfers. On each day occurring after the initial
Incremental Transfer hereunder and prior to the Termination Date, the Transferor hereby agrees to convey, transfer and assign to the Transferees, and in consideration of the Transferor’s agreement to maintain, at all times prior to the
Termination Date, a Net Receivables Balance in an amount at least sufficient to maintain the Percentage Factor at an amount not greater than the Maximum Percentage Factor, each CP Issuer in its sole discretion may agree to purchase, and its related
APA Banks shall be obligated to purchase, from the Transferor undivided percentage ownership interests in each and every Receivable, together with Related Security, Collections and Proceeds with respect thereto, to the extent that Collections are
available for such Transfer in accordance with Section 2.5 hereof, such that, after giving effect to such Transfer, (i) the amount of the Net Investment at the close of business on such Business Day shall be equal to the amount of the Net
Investment at the close of business on the Business Day immediately preceding such Business Day plus the cash portion of the Transfer Price of any Incremental Transfer made on such day, if any, and (ii) the Transferred Interest in each
Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto.

 (c) All Transfers. Each Transfer shall constitute a purchase of undivided percentage ownership
interests in each and every Receivable, together with Related Security, Collections and Proceeds with respect thereto, then existing, as well as in each and every Receivable, together with Related Security, Collections and Proceeds with respect
thereto, which arises at any time after the date of such Transfer. The aggregate undivided percentage ownership interest of the Transferees in the Receivables, together with the Related Security, Collections and Proceeds with respect thereto, shall
equal the Percentage Factor in effect from time to time. 
 (d) Percentage Factor. The Percentage Factor
shall be initially computed as of the opening of business of the Collection Agent on the date of the initial Incremental Transfer hereunder. Thereafter, until the Termination Date, the Percentage Factor shall be deemed to be automatically recomputed
as of the close of business of the Collection Agent on each day (other than a day on and after the Termination Date). The Percentage Factor shall remain constant from the time as of which any such computation or recomputation is made until the time
as of which the next such recomputation, if any, shall be made. At all times on and after the occurrence of a Termination Event until the date on which the Net Investment has been reduced to zero and all accrued Discount, Servicing Fees and all
other Aggregate Unpaids have been paid in full, the Percentage Factor shall be fixed and shall remain at 100%. Following any assignment of any portion of the Transferred Interest held by a CP Issuer to its related APA Banks, the related Funding
Agent shall, at all times and from time to time, calculate such CP Issuer’s and each related APA Bank’s pro rata interest in the Percentage Factor and regularly report thereon to such Transferees (with copies thereof to the Transferor).

 SECTION 2.3. Selection of Tranche Periods and Tranche Rates. 

(a) Transferred Interest Held by a CP Issuer Prior to Termination Date. At all times hereafter, but prior to the
Termination Date and not with respect to any portion of the Transferred Interest held by any of the APA Banks, the Transferor may, subject to a CP Issuer’s sole approval and the limitations described below, request that all or a portion of the
related Group Net Investment be funded at the CP Rate; provided that each CP Issuer may determine, from time to time, in its sole discretion, that funding such portion of the related Group Net Investment is not possible or is not desirable
for any reason, in which case, each APA Bank in such CP Issuer’s Transferee Group shall, subject to the conditions precedent set forth herein, fund such portion of the related Group Net Investment. 

 

 27 

 (b) Transferred Interest Held by a CP Issuer Following the Termination
Date. At all times on and after the Termination Date, with respect to any portion of the Transferred Interest which shall not have been transferred to the related APA Banks (or any of them), each CP Issuer or its related Funding Agent, as
applicable, shall select all Tranche Periods and Tranche Rates applicable thereto. 
 (c) Transferred
Interest Held by the APA Banks Prior to the Termination Date. At all times with respect to any portion of the Transferred Interest held by a Transferee Group’s APA Banks prior to the Termination Date, unless the applicable Funding Agent
shall have received three (3) Business Days’ prior notice pursuant to Section 2.2(a)(iii), the initial Tranche Period applicable to such portion of the Group Net Investment allocable thereto shall be a period of at least three
(3) days, and such Tranche shall be a BR Tranche. After such initial Tranche Period (but prior to the Termination Date or the occurrence and continuation of a Potential Termination Event), with respect to such portion, and with respect to any
other portion of the Transferred Interest held by the APA Banks (or any of them), the Tranche Period applicable thereto shall be, at the Transferor’s option, either a BR Tranche or a Eurodollar Tranche. For a Eurodollar Tranche, the Transferor
shall give the related Funding Agent irrevocable notice by telephone of the new requested Tranche Period at least three (3) Business Days prior to the expiration of any then existing Tranche Period. For a BR Tranche, the Transferor shall give
the related Funding Agent irrevocable notice by telephone of the new requested Tranche Period at any time prior to the expiration of any then existing Tranche Period. Any Tranche Period maintained by a Transferee Group’s APA Banks which is
outstanding on the Termination Date shall end on the Termination Date. 
 (d) Transferred Interest Held by
APA Banks After the Termination Date. At all times on and after the Termination Date, with respect to any portion of the Transferred Interest which shall have been owned by, or transferred to, a Transferee Group’s APA Banks, the related
Funding Agent shall select all Tranche Periods and Tranche Rates applicable thereto. 
 SECTION 2.4.
Discount, Fees and Other Costs and Expenses. The Transferor shall pay, as and when due in accordance with this Agreement and the other Transaction Documents, all fees hereunder, Discount, Servicing Fees and all other Aggregate Unpaids. On the
last day of each Tranche Period (in the case of Discount calculated at the Eurodollar Rate or the Base Rate) or on each Monthly Payment Date (in the case of Discount calculated at the CP Rate), the Transferor shall pay to the Administrative Agent,
for the benefit of the relevant Transferees, an amount equal to the accrued and unpaid Discount for such Tranche Period together with, in the event any portion of the Transferred Interest is held by a CP Issuer, an amount equal to the discount
accrued on such CP Issuer’s Commercial Paper to the extent such Commercial Paper was issued in order to fund the Transferred Interest; provided that (i) in the event of any repayment or prepayment of a BR Tranche or a Eurodollar
Tranche, accrued Discount on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (ii) in the event of any conversion of a BR Tranche or a Eurodollar Tranche, accrued interest on such BR
Tranche or Eurodollar Tranche shall be payable on the effective date of such conversion. Discount shall accrue with respect to each Tranche on each day occurring during the Tranche Period related thereto. Such payments shall be deposited by or on
behalf of the Transferor into the Agent’s Account. 
  

 28 

 Nothing in this Agreement or the other Transaction Documents shall limit in any way the
obligations of the Transferor to pay the amounts set forth in this Section 2.4. 
 SECTION 2.5.
Non-Liquidation Settlement and Reinvestment Procedures. On each day after the date of the initial Incremental Transfer but prior to the Termination Date, and provided that no Termination Event shall have been declared by the Administrative
Agent and be continuing, the Collection Agent shall, out of the Percentage Factor of Collections received on or prior to such day and not previously applied or accounted for: (i) identify and hold in trust for the Transferees (or deposit into
the Collection Account if so required pursuant to Section 2.12 hereof) an amount equal to all Discount, fees and the Servicing Fee (which may be retained by the Collection Agent) accrued through such day and not so previously set aside or paid
and (ii) apply the balance of such Percentage Factor of Collections remaining after application of Collections as provided in clause (i) of this Section 2.5 hereof to the Transferor, for the benefit of the Transferees, to the purchase
of additional undivided percentage interests in each Receivable pursuant to Section 2.2(b) hereof. On the last day of each Tranche Period (or, in the case of a CP Tranche Period, each Monthly Payment Date), from the amounts set aside as
described in clause (i) of the first sentence of this Section 2.5 hereof, the Collection Agent shall deposit to the Agent’s Account an amount equal to the accrued and unpaid Discount and fees for such Tranche Period and to the extent
not retained pursuant to clause (i) above, shall deposit to its own account an amount equal to the accrued and unpaid Servicing Fee for such Tranche Period. The Administrative Agent, upon receipt of such amounts in the Agent’s Account,
shall distribute such amounts to the related Transferees entitled thereto in the manner provided in Section 2.12; provided that if the Administrative Agent shall have insufficient funds to pay all of the above amounts in full on any such
date, the Administrative Agent shall notify the Transferor and the Transferor shall immediately pay to the Administrative Agent, from funds previously paid to the Transferor, an amount equal to such insufficiency. In addition, the Collection Agent
shall remit to the Transferor as collected such portion of Collections not allocated to the Transferees. 

SECTION 2.6. Liquidation Settlement Procedures. 

(a) Voluntary Reductions of Group Net Investments. The Transferor may, at any time and from
time to time, at its option reduce all or a portion of a Group Net Investment ratably in accordance with each Transferee Group’s Pro Rata Share by written notice to the related Funding Agent and the Administrative Agent by telecopy (unless
otherwise agreed by applicable Funding Agent) no later than 12:00 Noon (New York time) on the second
(2nd) Business Day prior to the Business Day of the
desired reduction; provided that each such partial reduction of a Group Net Investment shall be in an amount that is at least $500,000 or integral multiples of $100,000 in excess thereof. On the day specified by the Transferor in the
reduction notice, the Transferor shall pay to the related Funding Agent, for the benefit of its Transferees, an amount equal to the reduction amount specified in such notice. Decreases pursuant to this Section 2.6(a), together with increases
pursuant to Section 2.2(a), may occur no more than once per calendar week (unless otherwise agreed by the Funding Agents). 
  

 29 

 (b) Mandatory Reductions of Group Net Investments. If at any time on
or prior to the Termination Date, the Percentage Factor is greater than the Maximum Percentage Factor, the Transferor shall immediately (without any prior notice thereof required) pay to each Funding Agent, for the benefit of the Transferees in its
Transferee Group, such Transferee Group’s Pro Rata Share of an amount equal to the amount such that, when applied in reduction of the Net Investment, will result in a Percentage Factor less than or equal to the Maximum Percentage Factor. Each
Transferee Group’s Pro Rata Share of such amount shall be applied to the reduction of the related Group Net Investment of Tranche Periods selected by the related Funding Agent. 

(c) Procedures Following the Termination Date or the Occurrence of a Termination Event. On and after the
Termination Date, the Collection Agent shall set aside and hold in trust for the Transferees (or deposit into the Collection Account if so required pursuant to Section 2.12 hereof), the Percentage Factor of all Collections received on such day
and shall set aside and hold in trust for the Transferor such portion of Collections not allocated to the Transferees, as applicable; provided that on the day on which a Termination Event occurs, the Collection Agent shall deposit to the
Collection Account (subject to the second sentence of Section 2.12(a)), for the benefit of the Transferees, as applicable, any amounts set aside pursuant to Section 2.5 above and shall, on each day following the occurrence of a Termination
Event, deposit the Percentage Factor of all Collections received on any such day into the Collection Account until this Agreement is terminated in accordance with Section 10.1. 

On the last day of each Tranche Period (or, in the case of a CP Tranche Period, on the next succeeding Monthly Payment Date) to occur on
or after the Termination Date (or, if a Termination Event has occurred and is continuing, on a daily basis), (i) the Collection Agent shall deposit to the Agent’s Account (or, if a Termination Event has occurred and is continuing, the
Collection Account, subject to second sentence of Section 2.12(a)) the amounts so set aside for the Transferees pursuant to the preceding sentence, and (ii) the Administrative Agent shall distribute such funds first, in payment of
the accrued Discount and accrued and unpaid fees payable by the Transferor hereunder to the Administrative Agent or the Transferees, second, to the Collection Agent’s account, in payment of the Servicing Fee payable to the Collection
Agent, third, in reduction of the Net Investment until the Net Investment is reduced to zero, and fourth, in payment of all other Aggregate Unpaids then due and owing. The Administrative Agent, upon its receipt of such amounts in the
Agent’s Account (or, the Collection Account, as applicable), shall distribute such amounts to the related Transferees entitled thereto as set forth above and in Section 2.12; provided that if the Administrative Agent shall have
insufficient funds on deposit in the Collection Account to pay all of the above amounts in full on any such date, the Administrative Agent shall pay such amounts in the order of priority set forth above and, with respect to any such category above
for which the Administrative Agent shall have insufficient funds to pay all amounts owing on such date, ratably (based on the amounts in such categories owing to such Persons) among all such Persons entitled to payment thereof in accordance with
Section 2.12. 
  

 30 

 (d) Reconveyance. Following the date, on or after the Termination
Date, on which the Net Investment has been reduced to zero and all accrued Discount, Servicing Fees and all other Aggregate Unpaids have been paid in full, (i) the Administrative Agent, on behalf of the Transferees, shall be considered to have
reconveyed to the Transferor all of the Transferees’ right, title and interest in, to and under the Receivables and Related Security, Collections and Proceeds with respect thereto, (ii) the Collection Agent shall pay to the Transferor any
remaining Collections set aside and held by the Collection Agent and (iii) the Administrative Agent, on behalf of the Transferees, shall execute and deliver to the Transferor, at the Transferor’s expense, such documents or instruments as
are necessary and appropriate to terminate the Transferees’ interests in the Receivables and Related Security, Collections and Proceeds with respect thereto. Any such documents shall be prepared by or on behalf of the Transferor. On the last
day of each Tranche Period, the Collection Agent shall remit to the Transferor such portion of Collections set aside for the Transferor pursuant to this Section 2.6. 

SECTION 2.7. Fees. Notwithstanding any limitation on recourse contained in this Agreement, the Transferor shall
pay, as and when due in accordance with the Fee Letters, the fees specified in the Fee Letters. 
 SECTION 2.8.
Protection of Ownership Interest of the Transferees. (a) The Transferor agrees that it will, and will cause the Originator to, from time to time, at its expense, promptly execute and deliver all instruments and documents and take all
actions as may be necessary or as the Administrative Agent or the Funding Agents may reasonably request in order to perfect or protect the Transferred Interest or to enable the Administrative Agent, the Funding Agents or the Transferees to exercise
or enforce any of their respective rights hereunder. Without limiting the foregoing, the Transferor will, and will cause the Originator to, in order to accurately reflect this purchase and sale transaction, file such financing or continuation
statements or amendments thereto or assignments thereof (as permitted pursuant to Section 10.6 hereof) as may be requested by the Administrative Agent or the Funding Agents. The Transferor shall, and will cause the Originator to, upon request
of the Administrative Agent or the Funding Agents, obtain such additional search reports as the Administrative Agent or the Funding Agents shall reasonably request. To the fullest extent permitted by applicable law, the Administrative Agent shall be
permitted to file continuation statements and amendments thereto and assignments thereof without the Transferor’s or the Originator’s signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall
be sufficient as a financing statement. The Transferor shall not change its name, identity, organizational form or jurisdiction of organization, nor relocate any office described on Exhibit H hereto where Records are kept unless it shall have:
(i) given the Administrative Agent at least ten (10) days’ prior notice thereof and (ii) prepared at Transferor’s expense and delivered to the Administrative Agent all financing statements, instruments and other documents
necessary to preserve and protect the Transferred Interest or reasonably requested by the Administrative Agent in connection with such change or relocation. Any filings under the Relevant UCC or otherwise that are occasioned by such change in name
or location shall be made at the expense of Transferor. 
  

 31 

 (b) The Collection Agent shall instruct all Obligors to cause all
Collections to be deposited directly with a Lock-Box Bank and shall instruct each Lock-Box Bank to deposit any Collections received to the related Lock-Box Account on the same Business Day. Any Lock-Box Account maintained by a Lock-Box Bank pursuant
to the related Lock-Box Agreement shall be under the ownership (including the title of each Lock-Box Account) and control of the Transferor, subject to a Lock-Box Agreement. The Collection Agent shall be permitted to give instructions to the
Lock-Box Banks for so long as no Termination Event has occurred hereunder. The Collection Agent shall not add any bank as a Lock-Box Bank to those listed on Exhibit C attached hereto unless such bank has entered into a Lock-Box Agreement. The
Collection Agent shall not terminate any bank as a Lock-Box Bank unless it shall have complied with Section 5.2(e). If the Transferor or the Collection Agent receives any Collections, then the Transferor or the Collection Agent, as applicable,
shall remit such Collections to a Lock-Box Account no less frequently than once per calendar week provided that if at any time the aggregate amount of Collections in the possession of the Transferor or the Collection Agent, as applicable, exceeds
$500,000, then the Transferor or the Collection Agent, as applicable, shall remit such Collections to a Lock-Box Account no later than the next Business Day. 

SECTION 2.9. Deemed Collections; Application of Payments. (a) If on any day a Receivable becomes a Diluted
Receivable, the Transferor shall be deemed to have received on such day a Collection of such Receivable in the amount of such reduction or cancellation of such Receivable, and the Transferor shall be deemed to have paid on such day to the Collection
Agent an amount equal to such reduction or cancellation. Any such amount shall be reported as such on the next succeeding Monthly Report or Weekly Report, as applicable, and shall be applied by the Collection Agent as a Collection in accordance with
Section 2.5 or 2.6 hereof, as applicable. The Net Investment, and each Group Net Investment, shall be reduced by the amount of such payment actually received by the Funding Agents. Notwithstanding the foregoing but only so long as the
Termination Date has not occurred, if and to the extent that the Percentage Factor is less than 100% on any day on which a Receivable becomes a Diluted Receivable (after giving effect to the applicable reduction to the Net Receivables Balance as a
result of such Diluted Receivable), the Transferor shall not be deemed to have received on such day a Collection of such Receivable in the amount of such reduction or cancellation of such Receivable, nor to have paid on such day to the Collection
Agent an amount equal to such reduction or cancellation. 
 (b) If on any day any of the representations or
warranties in Article III is determined to be incorrect or untrue with respect to a Receivable as of the time to which such representation or warranty speaks, the Transferor shall be deemed to have received on such day a Collection of such
Receivable equal to the Outstanding Balance of such Receivable and such amount shall be allocated and applied by the Collection Agent as a Collection allocable to the Transferred Interest in accordance with Section 2.5 or 2.6 hereof, as
applicable. The Net Investment, and each Group Net Investment, shall be reduced by the amount of such payment actually received by the Funding Agents. Simultaneously with any such payment by the Transferor, each of the Transferees shall convey all
of its right, title and interest in such Receivable and Related Security to the Transferor, and the Administrative Agent, on behalf of the Transferees, shall take all action reasonably requested by the Transferor to effectuate such conveyance.
Notwithstanding the foregoing but only so long as the Termination Date has not occurred, if and to the extent that the Percentage Factor is less than 100% on any day on which a representation or warranty in Article III is determined to be incorrect
or untrue with respect to a Receivable as of the time to which such representation or warranty speaks (after giving effect to the applicable reduction to the Net Receivables Balance as a result of the such Receivable no longer constituting an
Eligible Receivable), the Transferor shall be not deemed to have received on such day a Collection of such Receivable equal to the Outstanding Balance of such Receivable and such amount shall not be required to be allocated and applied by the
Collection Agent as a Collection allocable to the Transferred Interest in accordance with Section 2.5 or 2.6 hereof, as applicable. 
  

 32 

 (c) Any payment by an Obligor in respect of any indebtedness owed by it to
the Transferor or the Originator shall, except as otherwise specified by such Obligor or otherwise required by contract or law, be applied as a Collection of any Receivable of such Obligor included in the Transferred Interest (starting with the
oldest such Receivable) to the extent of any amounts then due and payable thereunder before being applied to any other receivable or other indebtedness of such Obligor. 

SECTION 2.10. Payments and Computations, Etc. All amounts to be paid or deposited by the Transferor or the
Collection Agent hereunder shall be paid or deposited in accordance with the terms hereof no later than 12:00 Noon (New York time) on the day when due in immediately available funds; if such amounts are payable to the Transferees, they shall be paid
or deposited in the Agent’s Account (or, the Collection Account, as applicable) until otherwise notified by the Administrative Agent or the related Funding Agent. No later than 2:00 P.M. (New York time) on the date of any Incremental Transfer
hereunder, each Transferee Group, acting through its Funding Agent, will make available to the Transferor, in immediately available funds, such Transferee Group’s Pro Rata Share of the amount of such Incremental Transfer on such day by
remitting such amount to an account of the Transferor specified in the related notice of Transfer. The Transferor shall, to the extent permitted by law, pay to each Funding Agent, for the benefit of the related Transferees upon demand, interest on
all amounts not paid or deposited when due hereunder at a rate equal to 2% per annum plus the Base Rate. All computations of Discount, interest and all per annum fees hereunder shall be made on the basis of a year of 360 days (or,
in the case of Discount calculated at the Base Rate, a year of 365 or 366 days, as applicable) for the actual number of days elapsed. Any computations by a Funding Agent of amounts payable by the Transferor hereunder shall be binding upon the
Transferor absent manifest error. All payments to be made by the Transferor or the Collection Agent shall be made without condition or deduction for any counterclaim, defense, recoupment or set-off. 

SECTION 2.11. Reports. (a) On each Monthly Report Date, the Collection Agent shall prepare and forward to the
Administrative Agent, the Funding Agents and the Transferor a Monthly Report as of the end of the last day of the immediately preceding Monthly Settlement Period. 

(b) At any time when the Leverage Ratio is greater than 4.75 to 1.00, no later than 3:00 p.m. (New York time) on each
Weekly Report Date, the Collection Agent shall prepare and forward to the Administrative Agent, the Funding Agents and the Transferor a weekly report in form and substance acceptable to the Administrative Agent and the Funding Agents (the
“Weekly Report”) as of the end of the last day of the immediately preceding calendar week. 
  

 33 

 (c) Within five (5) days of its receipt of a request from the
Administrative Agent (or such greater number of days as the Administrative Agent may agree), the Collection Agent shall prepare and forward to the Administrative Agent such other information regarding the operations, business affairs and financial
condition of the Transferor, or compliance with the terms of any Transaction Document, as in each case the Administrative Agent may reasonably request (for itself or on behalf of any Transferee). 

SECTION 2.12. Collection Account. (a) Upon the occurrence of a Termination Event, the Transferor shall
promptly, but in any event within three (3) Business Days following the occurrence of such Termination Event, establish, and shall thereafter maintain, for the benefit of the Administrative Agent on behalf of the Transferees, a segregated
account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Administrative Agent on behalf of the Transferees, which Collection Account shall be held with
Credit Agricole, in its capacity as a “securities intermediary” (as defined in Section 8-102 of the Relevant UCC) and a “bank” (as defined in Section 9-102 of the Relevant UCC) (the “Financial Institution”).
On and after the occurrence of a Termination Event, and during the continuation of any such Termination Event, the Collection Agent shall remit daily to the Collection Account (or, prior to the establishment of the Collection Account shall retain in
the applicable Lock-Box Account in trust for the Administrative Agent on behalf of the Transferees) the Percentage Factor of all Collections received with respect to any Receivables. Funds on deposit in the Collection Account (other than investment
earnings) shall be invested by the Administrative Agent in Permitted Investments that will mature so that such funds will be available prior to the last day of each successive Tranche Period following such investment. On the last day of each Tranche
Period, all interest and earnings (net of losses and investment expenses) on funds on deposit in the Collection Account shall be retained in the Collection Account and be available to make any payments required to be made hereunder (including
Discount) by the Transferor. 
 (b) For so long as any amounts remain due and owing to the Transferees hereunder
or under the other Transaction Documents, the Administrative Agent shall distribute all payments received by it in respect of the Transaction Documents for the benefit of the Transferees by transferring to the relevant Transferees all payments in
respect of Discount, fees and reductions of the Net Investment, together with any other amounts due and owing to the Transferees to such Transferees. If amounts shall be insufficient at any time for the payment of such amounts, or in connection with
any reduction of the Net Investment (except as specifically provided herein), such distributions shall be made to the relevant Transferees ratably (based on the amounts owing to such Persons) among all such Persons entitled to payment thereof. Such
transfers shall be made by the Administrative Agent by withdrawing funds on deposit in the Collection Account and remitting such funds to the accounts of the Transferees specified by each of them from time to time. 

(c) The Collection Account is either a “securities account” (as defined in Section 8-501 of the Relevant
UCC) or a “deposit account” (as defined in Section 9-102(a)(29) of the Relevant UCC). To the extent the Collection Account is a securities account, each item of property (whether constituting investment property, a financial asset, a
security, an instrument or cash) shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the Relevant UCC. All securities or other property underlying any financial assets credited to the Collection
Account shall be registered in the name of the Financial Institution, indorsed to the Financial Institution or in blank or credited to another securities account maintained in the name of the Financial Institution, and in no event will any financial
asset credited to the Collection Account be registered in the name of the Transferor or its Affiliates, payable to the order of the Transferor or its Affiliates or specially indorsed to the Transferor or its Affiliates except to the extent the
foregoing have been specially indorsed to the Financial Institution or in blank. The Collection Account shall at all times be under the sole control of the Administrative Agent on behalf of the Transferees. If at any time the Financial Institution
shall receive any order from the Administrative Agent directing transfer or redemption of any financial asset relating to the Collection Account or any instruction originated by the Administrative Agent directing the disposition of funds in the
Collection Account, the Financial Institution shall comply with such entitlement order or instruction without the consent of the Transferor or any other Person. 
  

 34 

 (d) The Financial Institution hereby confirms that (i) it has not
entered into, and until the termination of this Agreement will not enter into, any agreement with any other Person relating to the Collection Account and/or any property credited thereto pursuant to which the Financial Institution has agreed to
comply with entitlement orders (as defined in Section 8-102(a)(8) of the Relevant UCC) or instructions (within the meaning of Section 9-104 of the Relevant UCC) of such other Person, (ii) it has not entered into, and until the
termination of this Agreement will not enter into, any agreement with the Transferor or any of its Affiliates purporting to limit or condition the obligation of the Financial Institution to comply with entitlement orders or instructions and
(iii) except for the claims and interests of the Administrative Agent, the Funding Agents and the Transferees in the Collection Account, the Financial Institution does not know of any lien on, or claim to, or interest in, the Collection Account
or in any financial asset (as defined in Section 8-102(a) of the Relevant UCC) credited thereto. The Financial Institution shall give the Administrative Agent prompt written notice of any lien, encumbrance or adverse claim (including any writ,
garnishment, judgment, warrant of attachment, execution or similar process) against the Collection Account or in any financial asset carried therein. The Financial Institution shall not change the name, location or account number of the Collection
Account without the prior written consent of the Administrative Agent (acting at the direction of the Required APA Banks). 

SECTION 2.13. Right of Setoff. Each of the Transferees is hereby authorized (in addition to any other rights it
may have) at any time after the occurrence of a Termination Event, to set-off, appropriate and apply (without presentment, demand, protest or other notice which are hereby expressly waived) any deposits and any other indebtedness held or owing by
such Transferee to, or for the account of, the Transferor against the amount of the Aggregate Unpaids (other than those amounts included therein for which recourse is limited to the Transferred Interest) owing by the Transferor to such Person (even
if contingent or unmatured). 
 SECTION 2.14. Sharing of Payments, Etc. If any Transferee (for purposes
of this Section 2.14 only, being a “Recipient”) shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) on account of any interest in the Transferred Interest owned by it in
excess of its ratable share of payments on account of any interest in the Transferred Interest obtained by the Transferees entitled thereto, such Recipient shall forthwith purchase from the Transferees entitled to a share of such amount
participations in the percentage interests owned by such Persons as shall be necessary to cause such Recipient to share the excess payment ratably with each such other Person entitled thereto; provided, however, that if all or any
portion of such excess payment is thereafter recovered from such Recipient, such purchase from each such other Person shall be rescinded and each such other Person shall repay to the Recipient the purchase price paid by such Recipient for such
participation to the extent of such recovery, together with an amount equal to such other Person’s ratable share (according to the proportion of (a) the amount of such other Person’s required payment to (b) the total amount so
recovered from the Recipient) of any interest or other amount paid or payable by the Recipient in respect of the total amount so recovered. 
  

 35 

 SECTION 2.15. Broken Funding. In the event any portion of the Net
Investment held by a CP Issuer is reduced (whether as a result of a payment by the Transferor, a sale of such Net Investment by a CP Issuer to its related APA Banks, the provisions of Section 2.17 or otherwise), the Transferor shall compensate
such CP Issuer in full, without duplication, for any loss, cost or expense attributable to such event, such amount to be payable to such CP Issuer on the next succeeding Monthly Payment Date. In the event of (a) the payment of any principal of
any Eurodollar Tranche other than on the last day of the Eurodollar Tranche Period applicable thereto (including as a result of the occurrence of the Termination Date or an optional prepayment of a Eurodollar Tranche), (b) the conversion of any
Eurodollar Tranche other than on the last day of the related Eurodollar Tranche Period, or (c) any failure to borrow, convert, continue or prepay any Eurodollar Tranche on the date specified in any notice delivered pursuant hereto, then, in any
such event, the Transferor shall compensate the APA Banks, without duplication, for the loss, cost and expense attributable to such event. Such loss, cost or expense to any APA Bank shall be deemed to include an amount determined by such APA Bank to
be the excess, if any, of (i) the amount of Discount which would have accrued on the principal amount of such Eurodollar Tranche had such event not occurred, at the per annum interest rate determined pursuant to clause (b) of the
definition of Eurodollar Rate, that would have been applicable to such Eurodollar Tranche, for the period from the date of such event to the last day of the Eurodollar Tranche Period (or, in the case of a failure to borrow, convert or continue, for
the period that would have been the related Eurodollar Tranche Period), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such APA Bank would bid were it to bid, at the
commencement of such period, for dollar deposits of a comparable amount and period from other banks in the interbank eurodollar market. Within forty-five (45) days after any APA Bank hereunder receives actual knowledge of any of the events
specified in this Section 2.15, a certificate of such APA Bank setting forth any amount or amounts that such APA Bank is entitled to receive pursuant to this Section 2.15 and the reason(s) therefor shall be delivered to the Transferor
(with a copy to the Administrative Agent and the related Funding Agent) and shall be conclusive absent manifest error. The Transferor shall pay each such APA Bank the amount shown as due on any such certificate within ten days following receipt
thereof. 
 SECTION 2.16. Conversion and Continuation of Outstanding Tranches Funded by the APA Banks.
Prior to the occurrence of a Termination Event, (a) each BR Tranche hereunder may, at the option of the Transferor, be converted to a Eurodollar Tranche and (b) each Eurodollar Tranche may, at the option of the Transferor, be continued as
a Eurodollar Tranche or converted to a BR Tranche; provided that from and after the occurrence of the Termination Date (other than as the result of the occurrence of a Termination Event), no Eurodollar Tranche may be converted or continued to
a date later than the immediately succeeding Monthly Payment Date. If a Termination Event has occurred and is continuing, then (i) no outstanding Tranche funded by the APA Banks may be converted to, or continued as, a Eurodollar Tranche and
(ii) unless repaid, each Eurodollar Tranche shall be converted to a BR Tranche on the last day of the Tranche Period related thereto. For any such conversion or continuation, the Transferor shall give the Administrative Agent and the related
Funding Agent irrevocable notice (each, a “Conversion/Continuation Notice”) of such request not later than 12:30 P.M. (New York time) (i) in the case of a conversion of a BR Tranche into a Eurodollar Tranche, or a continuation of a
Eurodollar Tranche as a Eurodollar Tranche, three (3) Business Days before the date of such conversion or continuation, as applicable, and (ii) in the case of a conversion of a Eurodollar Tranche into a BR Tranche or a continuation of a BR
Tranche as a BR Tranche, on the Business Day of such conversion or continuation. If a Conversion/Continuation Notice has not been timely delivered with respect to any BR Tranche or Eurodollar Tranche, such Funding shall be automatically continued
as, or converted to, a BR Tranche. Each Conversion/Continuation Notice shall specify (a) the requested date (which shall be a Business Day) of such conversion or continuation, (b) the aggregate amount and rate option applicable to the
Tranche which is to be converted or continued and (c) the amount and rate option(s) of Tranche(s) into which such Tranche is to be converted or continued. 
  

 36 

 SECTION 2.17. Illegality. (a) Notwithstanding any other
provision herein, if, after the Effective Date, the adoption of any Law or bank regulatory guideline or any amendment or change in the interpretation of any existing or future Law or bank regulatory guideline by any Official Body charged with the
administration, interpretation or application thereof, or the compliance with any directive of any Official Body (in the case of any bank regulatory guideline, whether or not having the force of Law), shall make it unlawful for any APA Bank to
acquire or maintain a Eurodollar Tranche as contemplated by this Agreement, (i) such APA Bank shall, within forty-five (45) days after receiving actual knowledge thereof, deliver a certificate to the Transferor (with a copy to the
Administrative Agent) setting forth the basis for such illegality, which certificate shall be conclusive absent manifest error, (ii) the commitment of such APA Bank hereunder to make a portion of a Eurodollar Tranche, continue any portion of a
Eurodollar Tranche as such and convert a BR Tranche to a Eurodollar Tranche shall forthwith be suspended, and such suspension shall remain in effect so long as the circumstance described above exists, and (iii) such APA Bank’s portion of
any Eurodollar Tranche then outstanding shall be converted automatically to a BR Tranche on the last day of the related Eurodollar Tranche Period, or within such earlier period as required by law. 

If any such conversion of a portion of a Eurodollar Tranche occurs on a day which is not the last day of the related Eurodollar Tranche
Period, the Transferor shall pay to such APA Bank such amounts, if any, as may be required to compensate such APA Bank pursuant to Section 2.15 hereof. If circumstances subsequently change so that it is no longer unlawful for an affected APA
Bank to acquire or to maintain a portion of a Eurodollar Tranche as contemplated hereunder, such APA Bank will, as soon as reasonably practicable after such APA Bank knows of such change in circumstances, notify the Transferor and the Administrative
Agent, and upon receipt of such notice, the obligations of such APA Bank to acquire or maintain its acquisition of portions of Eurodollar Tranches or to convert its portion of a BR Tranche into portions of Eurodollar Tranches shall be reinstated.

  

 37 

 (b) Each APA Bank agrees that, upon the occurrence of any event giving rise
to the operation of Section 2.17(a) with respect to such APA Bank, it will, if requested by the Transferor and to the extent permitted by law or by the relevant Official Body, endeavor in good faith to change the office at which it books its
portions of Eurodollar Tranches hereunder if such change would make it lawful for such APA Bank to continue to acquire or to maintain its acquisition of portions of Eurodollar Tranches hereunder; provided, however, that such change may
be made in such manner that such APA Bank, in its sole determination, suffers no unreimbursed cost or expense or any other disadvantage whatsoever. 

SECTION 2.18. Inability to Determine Eurodollar Rate. If, prior to the first day of any Eurodollar Tranche Period:

 (i) any Funding Agent shall have determined (which determination in the absence of manifest
error shall be conclusive and binding upon the Transferor) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Eurodollar Tranche Period with
respect to such Funding Agent’s related APA Banks; or 
 (ii) any Funding Agent shall have
received notice from its related APA Banks that the Eurodollar Rate determined or to be determined for such Eurodollar Tranche Period will not adequately and fairly reflect the cost to such APA Banks (as conclusively certified by such APA Banks) of
purchasing or maintaining their affected portions of Eurodollar Tranches during such Eurodollar Tranche Period; 
 then, in
either such event, such Funding Agent shall give telecopy or telephonic notice thereof (confirmed in writing) to the Transferor and such Funding Agent’s related APA Banks as soon as practicable (but, in any event, within forty-five
(45) days after such determination or notice, as applicable) thereafter. Until such notice has been withdrawn by such Funding Agent, no further Eurodollar Tranches shall be made with respect to the related APA Banks. The related Funding Agent
agrees to withdraw any such notice as soon as reasonably practicable after it is notified of a change in circumstances which makes such notice inapplicable. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

SECTION 3.1. Representations and Warranties of the Transferor. The Transferor hereby represents and warrants to
the Administrative Agent, the Funding Agents and the Transferees as of the Effective Date and as provided in Section 3.2 that: 

(a) Company Existence and Power. The Transferor is a limited liability company duly formed, validly existing and
in good standing under the laws of its jurisdiction of formation and has all limited liability company power and all governmental licenses, authorizations, consents and approvals required to carry on its business in each jurisdiction in which its
business is now conducted. The Transferor is duly qualified to do business in, and is in good standing in, every other jurisdiction in which the nature of its business requires it to be so qualified except to the extent that the failure to so
qualify or be in good standing could not reasonably be expected to have a Material Adverse Effect. 
  

 38 

 (b) Company and Governmental Authorization; Contravention. The
execution, delivery and performance by the Transferor of this Agreement and the other Transaction Documents to which the Transferor is a party, and the Transferor’s use of the proceeds of purchases made hereunder, are within the
Transferor’s limited liability company powers, have been duly authorized by all necessary limited liability company action, require no action by or in respect of, or filing with, any Official Body or official thereof (except as contemplated by
Section 2.8 hereof), and do not contravene, or constitute a default under, any provision of applicable law, rule or regulation or of the Certificate of Formation or Limited Liability Company Agreement of the Transferor or of any agreement or of
any judgment, injunction, order, writ, decree or other instrument binding upon the Transferor or result in the creation or imposition of any Adverse Claim on the assets of the Transferor (except as contemplated by Section 2.8 hereof).

 (c) Binding Effect. Each of this Agreement and the other Transaction Documents to which the Transferor
is a party constitutes the legal, valid and binding obligation of the Transferor, enforceable against it in accordance with its terms, subject to the affects of applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws
affecting creditors’ rights generally and general equitable principles (whether considered in a proceeding at law or in equity). 

(d) Perfection. Immediately preceding each Transfer hereunder, the Transferor shall be the owner of all of the
Receivables, free and clear of all Adverse Claims. On or prior to each Transfer and each recomputation of the Transferred Interest, all financing statements and other documents required to be recorded or filed under the Relevant UCC in order to
perfect the Transferred Interest free and clear of any Adverse Claim will have been duly filed in each filing office necessary for such purpose, and all filing fees and taxes, if any, payable in connection with such filings shall have been paid in
full. 
 (e) Accuracy of Information. All information heretofore furnished by or on behalf of the
Transferor (including, without limitation, the Monthly Reports, Weekly Reports, any reports delivered pursuant to Section 2.11 hereof and the Transferor’s financial statements, and any other document, instrument, certificate or notice
delivered to the Administrative Agent, the Funding Agents or the Transferees) to the Administrative Agent, the Funding Agents or the Transferees for purposes of, or in connection with, this Agreement and the other Transaction Documents is, and all
such information hereafter furnished by or on behalf of the Transferor to the Administrative Agent, the Funding Agents or the Transferees will be, true and accurate in every material respect as of the date to which such information speaks.

 (f) Tax Status. The Transferor has filed all tax returns (Federal, state and local) required to be
filed and has paid or made adequate provision for the payment of all taxes, assessments and other governmental charges. 
  

 39 

 (g) Action, Suits. Except as set forth in Exhibit G hereof, there are
no actions, suits or proceedings pending or, to the knowledge of the Transferor threatened, against or affecting the Transferor, the Originator or their respective properties, in or before any court, arbitrator or other body, which, individually or
in the aggregate, could reasonably be expected to result in a Material Adverse Effect. 
 (h) Use of
Proceeds. No proceeds of any Transfer will be (i) used by the Transferor in any way which would violate or would be inconsistent with Regulation T, U or X of the Board of Governors of the Federal Reserve System from time-to-time or
(ii) to acquire any security in any transaction which is subject to Section 12, 13 or 14 of the Securities Exchange Act of 1934 as amended. 

(i) Place of Business. The principal place of business of the Transferor is located at the address of the
Transferor indicated in Section 10.3 hereof, and the location of the offices where the Transferor keeps Records, are located at the address(es) described on Exhibit H or such other locations notified to the Administrative Agent in accordance
with Section 2.8 hereof in jurisdictions where all action required by Section 2.8 hereof has been taken and completed. 

(j) Good Title. Upon each Transfer, the Administrative Agent, on behalf of the Transferees, shall acquire a valid
and perfected undivided percentage ownership or security interest to the extent of the Transferred Interest, free and clear of any Adverse Claim. 

(k) Tradenames, Etc. As of the date hereof: (i) the Transferor has no subsidiaries and divisions; and
(ii) the Transferor has no tradenames and has not changed its name, merged with or into or consolidated with any other corporation or been the subject of any proceeding under Title 11, United States Code (Bankruptcy). 

(l) Nature of Receivables. Each Receivable (x) represented by the Transferor or the Collection Agent to be an
Eligible Receivable (including in any Monthly Report, Weekly Report or other report delivered pursuant to Section 2.11 hereof) or (y) included in the calculation of the Net Receivables Balance, in each case meets the requirements of the
definition of “Eligible Receivable” as of the date of such representation or inclusion, as applicable. 

(m) Coverage Requirement; Amount of Receivables. The Percentage Factor does not exceed the Maximum Percentage
Factor. As of May 31, 2010, the aggregate Outstanding Balance of the Receivables in existence was $270,736,317.00, and the Net Receivables Balance was $202,779,468.15. 

(n) Credit and Collection Policy. Since April 16, 2010, there have been no material changes in the Credit and
Collection Policy. Since such date, no change has occurred in the overall rate of collection of the Receivables which could reasonably be expected to result in a Material Adverse Effect. 

(o) Collections and Servicing. Since March 31, 2010, there has been no change in (i) the ability of the
Collection Agent to perform its obligations to service and collect the Receivables or (ii) the collectibility of the Receivables, in either case, which could reasonably be expected to result in a Material Adverse Effect. 

 

 40 

 (p) No Termination Event. No event has occurred and is continuing and
no condition exists which constitutes a Termination Event or a Potential Termination Event. 
 (q) Not an
Investment Company. The Transferor is not, and is not controlled by, an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or is exempt from all provisions of such Act. 

(r) ERISA. Each of the Transferor and its ERISA Affiliates is in compliance in all material respects with ERISA,
and no lien exists in favor of the Pension Benefit Guaranty Corporation (or any Benefit Plan) on any of the Receivables. 

(s) Lock-Box Banks; Lock-Box Accounts; Lock-Boxes. The names and addresses of all the Lock-Box Banks, together
with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Exhibit C hereto (or at such other Lock-Box Banks and/or with such other Lock-Box Accounts as have been notified to the Administrative Agent and the Funding
Agents and for which Lock-Box Agreements have been executed in accordance with Section 2.8(b) hereof and delivered to the Collection Agent). All Obligors have been instructed to make payment directly to a Lock-Box Bank, and all Lock-Box Banks
have been instructed to deposit all such payments directly to the related Lock-Box Account on the same Business Day. All commercially reasonable efforts have been taken to ensure that only Collections are deposited into a Lock-Box Account.

 (t) Bulk Sales. No transaction contemplated hereby or by the Receivables Purchase Agreement requires
compliance with any “bulk sales” act or similar law. 
 (u) Transfers Under Receivables Purchase
Agreement. Each Receivable which has been transferred to the Transferor by the Originator has been purchased or acquired by the Transferor from the Originator pursuant to, and in accordance with, the terms of the Receivables Purchase Agreement.

 (v) Preference; Voidability. The Transferor has given reasonably equivalent value to the Originator in
consideration for the transfer to the Transferor of the Receivables and Related Security, Collections and Proceeds with respect thereto from the Originator, and each such transfer shall not have been made for or on account of an antecedent debt owed
by the Originator to the Transferor, and no such transfer is intended to be voidable under the Bankruptcy Code. 

(w) No Collection Agent Default. No event has occurred and is continuing and no condition exists which constitutes
or may reasonably be expected to constitute a Collection Agent Default. 
  

 41 

 (x) Separate Existence. From the date of its formation, the
Transferor has at all times: 
 (i) maintained its own deposit account or accounts, separate from
those of any Affiliate, with commercial banking institutions and ensured that the funds of the Transferor were not be diverted to any other Person or for other than limited liability company uses of the Transferor, nor were such funds commingled
with the funds of the Originator or any subsidiary or Affiliate of the Originator except to the extent permitted by the Transactions Documents; 

(ii) to the extent that it shared the same officers or other employees as any of its members or
Affiliates, the salaries of and the expenses related to providing benefits to such officers and other employees were fairly allocated among such entities, and each such entity bore its fair share of the salary and benefit costs associated with all
such common officers and employees; 
 (iii) to the extent that it jointly contracted with any of
its members or Affiliates to do business with vendors or service providers or to share overhead expenses, the costs incurred in so doing were allocated fairly among such entities, and each such entity bore its fair share of such costs. To the extent
that the Transferor contracted or did business with vendors or service providers where the goods and services provided were partially for the benefit of any other Person, the costs incurred in so doing were fairly allocated to or among such entities
for whose benefit the goods or services are provided, and each such entity bore its fair share of such costs; 

(iv) entered into all material transactions between the Transferor and any of its Affiliates only on an
arm’s length basis, it being understood and agreed that the transactions contemplated in the Transaction Documents meet the requirements of this clause (iv); 

(v) either maintained office space separate from the office space of the Originator and its Affiliates or,
to the extent that the Transferor and any of its members or Affiliates had offices in the same location, there was a fair and appropriate allocation of overhead costs among them, and each such entity bore its fair share of such expenses; 

(vi) issued separate financial statements prepared not less frequently than annually and prepared in
accordance with GAAP; 
 (vii) conducted its affairs strictly in accordance with its Limited
Liability Company Agreement and observed all necessary, appropriate and customary limited liability company formalities, including, but not limited to, holding all regular and special directors’ meetings appropriate to authorize all limited
liability company action, keeping separate and accurate minutes of its meetings, passing all resolutions or consents necessary to authorize actions taken or to be taken, and maintaining accurate and separate books, records and accounts, including,
but not limited to, payroll and intercompany transaction accounts; 
 (viii) neither assumed nor
guaranteed any of the liabilities of the Originator or any Affiliate thereof; 
  

 42 

 (ix) maintained at least one Independent Director; and

 (x) took, or refrained from taking, as the case may be, all other actions that were necessary
on its part to be taken or not to be taken in order to operate its business and perform its obligations under the Transaction Documents in a manner which complied with the representations in this Section 3.1(x) and was otherwise consistent with
the factual assumptions described in the legal opinion delivered to the Funding Agents addressing issues of substantive consolidation. 

(y) Transaction Information. None of the Transferor, any Affiliate of the Transferor or any third party with which
the Transferor or any Affiliate thereof has contracted, has delivered, in writing or orally, to any Rating Organization, any Transaction Information without providing such Transaction Information to the Administrative Agent prior to delivery to such
Rating Organization and has not participated in any oral communications with respect to Transaction Information with Rating Organization without the participation of a 17g-5 Representative of the Administrative Agent. 

SECTION 3.2. Reaffirmation of Representations and Warranties by the Transferor. On the date of each Incremental
Transfer and on each Reporting Date, the Transferor, by accepting the proceeds of the Transfer on such Transfer Date, whether delivered to the Transferor pursuant to Section 2.2(a) or Section 2.5 hereof or by delivery of a Monthly Report,
shall be deemed to have certified that all representations and warranties described in Section 3.1 hereof are true and correct on and as of such day as though made on and as of such day, other than those representations and warranties which
speak to an earlier date, which shall be true and correct as of such earlier date. 
 ARTICLE IV 

CONDITIONS PRECEDENT 

SECTION 4.1. Conditions to Effectiveness. This Agreement shall become effective on the first day on which the
Administrative Agent and the Funding Agents shall have received the following documents, instruments and fees, all of which shall be in a form and substance acceptable to the Administrative Agent, the Funding Agents and the Transferees (such day,
the “Effective Date”): 
 (a) A Certificate of the Secretary of the Transferor in substantially the
form of Exhibit I hereto certifying (i) the names and signatures of the officers and employees authorized on its behalf to execute this Agreement and any other documents to be delivered by it hereunder (on which Certificate the Administrative
Agent, the Funding Agents and the Transferees may conclusively rely until such time as the Administrative Agent shall receive from the Transferor a revised Certificate meeting the requirements of this clause (a)(i)), (ii) a copy of the
Transferor’s Certificate of Formation, certified by the Secretary of State of the State of Delaware, (iii) a copy of the Transferor’s Limited Liability Company Agreement and (iv) certificate of the Secretary of State of the State
of Delaware certifying the Transferor’s good standing under the laws of the State of Delaware. 
  

 43 

 (b) A Certificate of the Secretary of the Originator in substantially the
form of Exhibit I hereto certifying (i) the names and signatures of the officers and employees authorized on its behalf to execute the Receivables Purchase Agreement and any other documents to be delivered by it hereunder (on which Certificate
the Administrative Agent, the Funding Agents and the Transferees may conclusively rely until such time as the Administrative Agent shall receive from the Originator a revised Certificate meeting the requirements of this clause (b)(i)), (ii) a
copy of the Originator’s Certificate of Incorporation, certified by the Secretary of State of Delaware, (iii) a copy of the Originator’s By-Laws, (iv) a copy of resolutions of the Board of Directors of the Originator approving
this transaction and (v) certificates of the Secretaries of State of the States of Delaware and Illinois certifying that the Originator is in good standing under the laws of such States. 

(c) A Certificate of the Secretary of the Parent in substantially the form of Exhibit I hereto certifying (i) the
names and signatures of the officers and employees authorized on its behalf to execute the Parent Guaranty and any other documents to be delivered by it hereunder (on which Certificate the Administrative Agent, the Funding Agents and the Transferees
may conclusively rely until such time as the Administrative Agent shall receive from the Parent a revised Certificate meeting the requirements of this clause (c)(i)), (ii) a copy of the Parent’s Certificate of Formation, certified by the
Secretary of State of Delaware, (iii) a copy of the Parent’s Operating Agreement, (iv) a copy of resolutions of the Board of Directors of the Parent approving this transaction and (v) certificate of the Secretary of State of the
State of Delaware certifying that the Parent is in good standing under the laws of such State. 
 (d) Copies of
proper financing statements, naming the Transferor as the debtor, the Administrative Agent, as secured party, and other similar instruments or documents as may be necessary or, in the reasonable opinion of the Administrative Agent and the Funding
Agents, desirable under the Relevant UCC of all appropriate jurisdictions or any comparable law to perfect the Administrative Agent’s security interest in all Receivables, Related Security and Collections, including, without limitation,
describing such property as “all assets of the Debtor whether now owned or hereafter acquired and wheresoever located, including all accessions thereto and proceeds thereof.” 

(e) Copies of proper financing statements, naming the Originator as debtor, the Transferor as secured party, and the
Administrative Agent, as assignee of the secured party, and other similar instruments or documents as may be necessary or, in the opinion of the Administrative Agent and the Funding Agents, desirable under the relevant UCC of all appropriate
jurisdictions or any comparable law to perfect the Transferor’s ownership or security interest in all Receivables, Related Security and Collections. 

(f) Certified copies of request for information or copies, dated a date reasonably near the Effective Date, listing all
effective financing statements which name the Transferor and the Originator (under their respective present names and any previous names) as debtor and which are filed in jurisdictions in which the filings were made pursuant to items (d) or
(e) above together with copies of such financing statements (none of which (except for the filings made pursuant to items (d) or (e) above) shall cover any Receivables, Contracts or Collections with respect thereto). 

 

 44 

 (g) Executed copies of the Lock-Box Agreements relating to each of the
Lock-Box Accounts. 
 (h) An opinion of in-house counsel to the Transferor and the Originator, re: certain
corporate matters. 
 (i) An opinion of Simpson Thacher & Bartlett LLP, special counsel to the
Transferor and the Originator, re: nonconsolidation. 
 (j) An opinion of Simpson Thacher & Bartlett
LLP, special counsel to the Transferor and the Originator, re: true sale between the Originator and the Transferor. 

(k) An opinion of Simpson Thacher & Bartlett LLP, special counsel to the Transferor and the Originator, re:
validity of the security interest granted by the Originator to the Transferor and enforceability of the Transaction Documents to which each is a party and certain other corporate matters. 

(l) An opinion of Richards, Layton & Finger, P.A., special Delaware counsel to the Transferor, relating to due
formation. 
 (m) An opinion of Richards, Layton & Finger, P.A., special Delaware counsel to the
Transferor, relating to, among other things, the perfection and priority of security interests. 
 (n) An
executed copy of this Agreement, the Receivables Purchase Agreement and each other Transaction Document. 
 (o)
Evidence that the fees specified in the Fee Letters for payment on or prior to the Effective Date have been paid to the related Funding Agents. 

(p) A Monthly Report for the month ended May 2010. 

(q) A copy of IRS Form W-9 duly completed by the Transferor. 

(r) Confirmation from the nationally recognized statistical rating organizations (including but not limited to
Moody’s, S&P and Fitch) that maintain ratings on the Commercial Paper of Atlantic as of the date hereof that making purchases of undivided percentage ownership interests in the Receivables and Related Security, Collections and Proceeds as
contemplated hereby will not cause such rating organization to downgrade, qualify or withdraw its rating of such Commercial Paper as of the date hereof. 

(s) Such other documents, instruments, certificates and opinions as the Administrative Agent, the Funding Agents and the
Transferees shall reasonably request. 
  

 45 

 ARTICLE V 

COVENANTS 

SECTION 5.1. Affirmative Covenants of Transferor. At all times from the Effective Date to the later to occur of
(i) the Termination Date or (ii) the date on which the Net Investment has been reduced to zero and all accrued Discount, Servicing Fees and all other Aggregate Unpaids shall have been paid in full, unless the Funding Agents shall otherwise
consent in writing: 
 (a) Financial Reporting; Notices. The Transferor will furnish to the
Administrative Agent and the Funding Agents: 
 (i) Annual Reporting. Within ninety
(90) days after the close of the Transferor’s fiscal year, unaudited financial statements for the Transferor, prepared in accordance with GAAP, including a balance sheet as of the end of such period, related statements of operations, cash
flows and owner’s equity. 
 (ii) Compliance Certificate. Together with the financial
statements required hereunder, a compliance certificate signed by a financial officer of the Transferor stating that (x) the attached financial statements fairly present, in all material respects, the financial condition and results of
operations of the Transferor, as of the time periods to which such financial statements relate and (y) no Termination Event or Potential Termination Event exists, or if any Termination Event or Potential Termination Event exists, stating the
nature and status thereof. 
 (iii) Notice of Termination Events or Potential Termination
Events. Promptly upon the occurrence of a Termination Event or a Potential Termination Event, cause the Collection Agent to deliver the notice required pursuant to Section 6.7(a)(xii). 

(iv) Change in Credit and Collection Policy. Within two (2) days after the date of any
material change in the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect, indicating such change. 

(v) [Reserved]. 

(vi) Appointment of Independent Director. Notice of the decision to appoint a new director of the
Transferor as the “Independent Director” for purposes of this Agreement, such notice to be issued not less than five (5) days prior to the effective date of such appointment which notice shall include a certification by an officer of
the Transferor that the designated Person satisfies the criteria set forth in the definition herein of “Independent Director” and reasonable detail regarding the background and experience of such director demonstrating such compliance.

 (b) Conduct of Business. The Transferor will carry on and conduct its business in substantially the
same manner and in substantially the same fields of enterprise as it is presently conducted and will do all things necessary to remain duly formed, validly existing and in good standing as a domestic limited liability company in its jurisdiction of
formation and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect. 
  

 46 

 (c) Compliance with Laws. The Transferor will comply with all laws,
rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it or its respective properties may be subject except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect. 
 (d) Furnishing of Information and Inspection of Records. The Transferor will
furnish to the Administrative Agent and the Funding Agents from time to time such information with respect to the Receivables as the Administrative Agent or the Funding Agents may reasonably request, including, without limitation, listings
identifying the Obligor and the Outstanding Balance for each Receivable, together with an aging history of the Receivables. The Transferor will, at its cost and expense, at any time and from time to time during regular business hours and upon
reasonable notice, permit the Administrative Agent and the Funding Agents, or their respective agents or representatives, including a third-party auditor engaged by the Administrative Agent (which third-party auditor shall be engaged (I) at the
Transferor’s cost and expense provided that (x) the Administrative Agent shall have provided to the Transferor a fee estimate in advance of the engagement thereof and (y) the Transferor shall have consented to the engagement thereof,
which consent shall not be unreasonably withheld and (II) no more than once per calendar year (unless a Termination Event has occurred and is continuing)) (i) to examine and make copies of and abstracts from all Records and (ii) to visit
the offices and properties of the Transferor or the Originator, as applicable, for the purpose of examining such Records, and to discuss matters relating to Receivables or the Transferor’s or the Originator’s performance hereunder and
under the other Transaction Documents to which such Person is a party with any of the officers, directors, employees or independent public accountants of the Transferor or the Originator, as applicable, having knowledge of such matters. 

(e) Keeping of Records and Books of Account. The Transferor will maintain and implement administrative and
operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain, all documents, books, records and other information
reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the daily identification of each outstanding Receivable and all Collections of and adjustments to each existing
Receivable). The Transferor will give the Administrative Agent and the Funding Agents notice of any material change in the administrative and operating procedures of the Transferor referred to in the previous sentence. 

(f) Performance and Compliance with Receivables and Contracts. The Transferor, at its expense, will timely and
fully perform and comply with all material provisions, covenants and other promises required to be observed by the Transferor under the Contracts related to the Receivables. 

 

 47 

 (g) Credit and Collection Policies. The Transferor will comply with
the Credit and Collection Policy in regard to each Receivable and the related Contract. 
 (h)
Collections. All Obligors shall be instructed to cause all Collections to be deposited directly with a Lock-Box Bank and each Lock-Box Bank shall be instructed to deposit any Collections directly into the related Lock-Box Account on the same
Business Day. 
 (i) Collections Received. If the Transferor receives any Collections, then the
Transferor shall hold such Collections in trust and deposit such Collections into a Lock-Box Account promptly; provided that if at any time the aggregate amount of Collections in the possession of the Transferor exceeds $500,000, then the
Transferor shall remit such Collections to a Lock-Box Account no later than the next Business Day. 
 (j)
Sale Treatment. The Transferor will not (i) account for (excluding for tax purposes, which shall be in the discretion of the Transferor), or otherwise treat, the transactions contemplated by the Receivables Purchase Agreement in any
manner other than as required under GAAP, or (ii) account for (other than for tax and accounting purposes) or otherwise treat the transactions contemplated hereby in any manner other than as a sale of Receivables by the Transferor to the
Transferees (or the Administrative Agent on their behalf), as applicable. In addition, the Transferor shall, and shall cause the Parent to, disclose (in a footnote or otherwise) in all of its respective financial statements (including any such
financial statements consolidated with any other Person’s financial statements) the existence and nature of the transaction contemplated hereby and by the Receivables Purchase Agreement (including that the assets of the Transferor are not
available to satisfy the creditors of the Parent, the Originator or their Affiliates (other than the Transferor)) and the interest of the Transferor (in the case of the Originator’s financial statements) and the Transferees in the Receivables
and Related Security, Collections and Proceeds with respect thereto. 
 (k) Authorized Business. The
Transferor shall not engage in any business not permitted by its Limited Liability Company Agreement as in effect on the Effective Date. 

(l) Organizational Documents. The Transferor shall only amend, alter, change or repeal its Limited Liability
Company Agreement with the prior written consent of the Administrative Agent (acting at the direction of the Required APA Banks). 

(m) Solvency. The Transferor will at all times have assets sufficient (i) to enable it to pay its debts
generally as they become due and (ii) such that it will not be rendered insolvent by the transactions contemplated herein and in the other Transaction Documents. 

(n) Enforcement of Closing Date Sale Agreement and Receivables Purchase Agreement. The Transferor shall enforce
all rights held by it under the Closing Date Sale Agreement and the Receivables Purchase Agreement (including, without limitation, requesting the payment of Purchase Price Credits pursuant to clause (ii) of Section 2.03 of the Receivables
Purchase Agreement) and shall not waive any breach of any covenant contained in Section 5.1 of the Receivables Purchase Agreement without the prior written consent of the Administrative Agent (acting at the direction of the Required APA Banks).

  

 48 

 (o) Separate Existence. The Transferor shall at all times:

 (i) maintain its own deposit account or accounts, separate from those of any Affiliate, with
commercial banking institutions and ensure that the funds of the Transferor will not be diverted to any other Person or for other than limited liability company uses of the Transferor, nor will such funds be commingled with the funds of the
Originator or any subsidiary or Affiliate of the Originator except to the extent permitted by the Transactions Documents; 

(ii) to the extent that it shares the same officers or other employees as any of its members or
Affiliates, the salaries of and the expenses related to providing benefits to such officers and other employees shall be fairly allocated among such entities, and each such entity shall bear its fair share of the salary and benefit costs associated
with all such common officers and employees; 
 (iii) to the extent that it jointly contracts
with any of its members or Affiliates to do business with vendors or service providers or to share overhead expenses, the costs incurred in so doing shall be allocated fairly among such entities, and each such entity shall bear its fair share of
such costs. To the extent that the Transferor contracts or does business with vendors or service providers where the goods and services provided are partially for the benefit of any other Person, the costs incurred in so doing shall be fairly
allocated to or among such entities for whose benefit the goods or services are provided, and each such entity shall bear its fair share of such costs; 

(iv) enter into all material transactions between the Transferor and any of its Affiliates, whether
currently existing or hereafter entered into, only on an arm’s length basis, it being understood and agreed that the transactions contemplated in the Transaction Documents meet the requirements of this clause (iv); 

(v) either maintain office space separate from the office space of the Originator and its Affiliates or,
to the extent that the Transferor and any of its members or Affiliates have offices in the same location, there shall be a fair and appropriate allocation of overhead costs among them, and each such entity shall bear its fair share of such expenses;

 (vi) issue separate financial statements prepared not less frequently than annually and
prepared in accordance with GAAP; 
 (vii) conduct its affairs strictly in accordance with its
Limited Liability Company Agreement and observe all necessary, appropriate and customary limited liability company formalities, including, but not limited to, holding all regular and special directors’ meetings appropriate to authorize all
limited liability company action, keeping separate and accurate minutes of its meetings, passing all resolutions or consents necessary to authorize actions taken or to be taken, and maintaining accurate and separate books, records and accounts,
including, but not limited to, payroll and intercompany transaction accounts; 
  

 49 

 (viii) not assume or guarantee any of the liabilities of the
Originator or any Affiliate thereof; 
 (ix) maintain at least one Independent Director;

 (x) maintain its governing documents in conformity with this Agreement, such that (1) it
does not amend, restate, supplement or otherwise modify its certificate of formation or limited liability company agreement in any respect that would impair its ability to comply with the terms or provisions of any of the Transaction Documents,
including, without limitation, Section 7.1(s) of this Agreement; and (2) its limited liability company agreement, at all times that this Agreement is in effect, provides for not less than five (5) days’ prior written notice to
the Administrative Agent of the replacement or appointment of any director that is to serve as an Independent Director for purposes of this Agreement which notice shall include a certification of an officer of the Transferor that the designated
Person satisfies the criteria set forth in the definition herein of “Independent Director” and reasonable detail regarding the background and experience of such director demonstrating such compliance; and 

(xi) take, or refrain from taking, as the case may be, all other actions that are necessary on its part to
be taken or not to be taken in order to operate its business and perform its obligations under the Transaction Documents in a manner which complies with this Section 5.1(o) and is otherwise consistent with the factual assumptions described in
the legal opinion delivered to the Funding Agents addressing issues of substantive consolidation. 
 SECTION
5.2. Negative Covenants of the Transferor. At all times from the Effective Date to the later to occur of (i) the Termination Date or (ii) the date on which the Net Investment has been reduced to zero, all accrued Discount, Servicing
Fees and all other Aggregate Unpaids shall have been paid in full, unless the Funding Agents shall otherwise consent in writing: 

(a) No Sales, Liens, Etc. Except as otherwise provided herein and in the Receivables Purchase Agreement, the
Transferor will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (or the filing of any financing statement) or with respect to (x) any of the Receivables or Related
Security or (y) any Lock-Box Account or assign any right to receive income in respect thereof. 
 (b) No
Extension or Amendment of Receivables. The Transferor will not extend, amend or otherwise modify the terms of any Receivable, or amend, modify or waive any term or condition of any Contract related thereto, if doing so would contravene the
Credit and Collection Policy, without the prior written consent of the Funding Agents. 
 (c) No Change in
Business or Credit and Collection Policy. The Transferor will not make any material change (i) in the character of its business or (ii) in the Credit and Collection Policy without the prior written consent of the Administrative Agent.

  

 50 

 (d) No Mergers, Etc. The Transferor will not consolidate or merge
with or into any other Person, or sell, lease or transfer (other than as contemplated hereby) all or substantially all of its assets to any other Person. 

(e) Change in Payment Instructions to Obligors; Deposits to Lock-Box Accounts. The Transferor will not add or
terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account to or from those listed in Exhibit C hereto or make any change in its instructions to Obligors regarding payments to be made to any Lock-Box Account or any change in its
instructions to any Lock-Box Bank regarding payment and deposits of Collections unless the Administrative Agent shall have received (i) thirty (30) days’ prior notice of such addition, termination or change together with a revised
copy of Exhibit C to this Agreement; (ii) written confirmation from the Transferor that after the effectiveness of any such termination, there shall be at least one (1) Lock-Box Account in existence; and (iii) prior to the effective
date of such addition, termination or change, (x) executed copies of Lock-Box Agreements executed by each new Lock-Box Bank, the Transferor, the Originator, and the Administrative Agent and (y) copies of all agreements and documents signed
by the Transferor, the Originator or the respective Lock-Box Bank with respect to any new Lock-Box Account. The Transferor will not deposit or otherwise credit, or cause or permit to be so deposited or credited (other than inadvertent deposits), to
any Lock-Box Account cash or cash proceeds other than Collections of Receivables. 
 (f) Change of Name,
Etc. The Transferor will not change its name, identity, legal form or jurisdiction of organization unless at least ten (10) days prior to the effective date of any such change the Transferor delivers to the Administrative Agent
(i) such documents, instruments or agreements, executed by the Transferor as are necessary or advisable to reflect such change and to continue the perfection of the Administrative Agent’s ownership interests or security interests in the
Receivables and Related Security, Collections and Proceeds with respect thereto and (ii) new or revised Lock-Box Agreements executed by the Lock-Box Banks which reflect such change and enable the Administrative Agent to continue to exercise its
rights contained in Section 2.8 hereof. 
 (g) Amendment to Receivables Purchase Agreement. The
Transferor will not amend, modify, or supplement the Receivables Purchase Agreement, except with the prior written consent of the Funding Agents; nor shall the Transferor take any other action under the Receivables Purchase Agreement that shall have
a material adverse affect on the Administrative Agent, the Funding Agents or the Transferees or which is inconsistent with the terms of this Agreement. 

(h) Other Debt. Except as provided for herein, the Transferor will not create, incur, assume or suffer to exist
any indebtedness whether current or funded, or any other liability other than (i) indebtedness of the Transferor under or permitted by the Transaction Documents and (ii) other indebtedness incurred in the ordinary course of its business in
an amount not to exceed $25,000 at any one time outstanding. 
  

 51 

 (i) ERISA Matters. The Transferor will not (i) engage or permit
any of its respective ERISA Affiliates to engage in any prohibited transaction (as defined in Section 4975 of the Code and Section 406 of ERISA) for which an exemption is not available or has not previously been obtained from the U.S.
Department of Labor; (ii) permit to exist any accumulated funding deficiency (as defined in Section 302(a) of ERISA and Section 412(a) of the Code) or funding deficiency with respect to any Benefit Plan other than a Multiemployer
Plan; (iii) fail to make any payments to any Multiemployer Plan that the Transferor, the Originator or any ERISA Affiliate of the Transferor or the Originator is required to make under the agreement relating to such Multiemployer Plan or any
law pertaining thereto, or permit an ERISA Affiliate of the Transferor or the Originator to fail to make any such material payments to any Multiemployer Plan such ERISA Affiliate is so required to make; (iv) terminate any Benefit Plan so as to
result in any liability; or (v) permit to exist any occurrence of any reportable event described in Title IV of ERISA which represents a material risk of a liability to the Transferor, the Originator, or any ERISA Affiliate of the Transferor or
the Originator under ERISA or the Code, if such prohibited transactions, accumulated funding deficiencies, payments, terminations and reportable events occurring within any fiscal year of the Transferor and the Originator, in the aggregate, involve
a payment of money or an incurrence of liability by the Transferor, the Originator or any ERISA Affiliate of the Transferor or the Originator. 

(j) Payment to the Originator. With respect to any Receivable sold or contributed by the Originator to the
Transferor, the Transferor shall effect such sale or contribution under, and pursuant to the terms of, the Receivables Purchase Agreement, including, without limitation, the payment by the Transferor of consideration equal to the purchase price for
such Receivable as required by the terms of the Receivables Purchase Agreement. 
 SECTION 5.3. Transaction
Information. None of the Transferor, any Affiliate of the Transferor or any third party with which the Transferor or any Affiliate thereof has contracted, shall deliver, in writing or orally, to any Rating Organization, any Transaction
Information without providing such Transaction Information to the Administrative Agent prior to delivery to such Rating Organization and will not participate in any oral communications with respect to Transaction Information with any Rating
Organization without the participation of a 17g-5 Representative of the Administrative Agent. 
 ARTICLE VI 

ADMINISTRATION AND COLLECTIONS 

SECTION 6.1. Appointment of Collection Agent. The servicing, administering and collection of the Receivables shall
be conducted by such Person (the “Collection Agent”) so designated from time to time in accordance with this Section 6.1. Until the Administrative Agent (acting at the direction of the Required APA Banks) gives notice to Nalco Company
of the designation of a new Collection Agent pursuant to the next sentence, Nalco Company is hereby designated as, and hereby agrees to perform the duties and obligations of, the Collection Agent pursuant to the terms hereof. If a Termination Event
has occurred and is continuing, the Administrative Agent may (with the consent of the Required APA Banks), and upon the direction of the Required APA Banks the Administrative Agent shall, designate as Collection Agent any Person (including itself)
to succeed Nalco Company or any successor Collection Agent, on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Collection Agent pursuant to the terms hereof. If a Termination
Event has occurred and is continuing, the Administrative Agent (acting at the direction of the Required APA Banks) may notify any Obligor of the designation of a successor Collection Agent. The Collection Agent may not delegate any of its rights,
duties or obligations hereunder, or designate a substitute Collection Agent, without the prior written consent of the Administrative Agent (acting at the direction of the Required APA Banks); provided that Nalco Company shall be permitted to
delegate its duties hereunder to any of its Affiliates or their agents, but such delegation shall not relieve Nalco Company of its duties and obligations hereunder. 

 

 52 

 SECTION 6.2. Duties of Collection Agent. (a) (i) The
Collection Agent shall take or cause to be taken all such reasonable actions as may be necessary or advisable to collect each Receivable from time to time, all in accordance with applicable laws, rules and regulations, with reasonable care and
diligence, and in accordance with the Credit and Collection Policy. Each of the Transferor, the Administrative Agent, the Funding Agents and the Transferees hereby appoints as its agent the Collection Agent, from time to time designated pursuant to
Section 6.1 hereof, to enforce its respective rights and interests in and under the Receivables and Related Security, Collections and Proceeds with respect thereto. In the event of a re-issuance or correction of an invoice or other document
evidencing a Receivable in accordance with the Credit and Collection Policy, the Collection Agent may issue a new invoice or other document to evidence such Receivable under a new number and, in each such case, (x) notwithstanding any credit
memo or new invoice number in respect thereof, the Receivable evidenced by such invoice or other document shall constitute the same Receivable and not a new Receivable and (y) the portion of the Outstanding Balance of such Receivable which is
subject to reduction or cancellation in connection with the re-issuance of such invoice or other document shall constitute a Diluted Receivable. 

(ii) To the extent permitted by applicable law, the Transferor hereby grants to any Collection Agent appointed hereunder
an irrevocable power of attorney to take in the Transferor’s name and on behalf of the Transferor any and all steps necessary or desirable, in the reasonable determination of the Collection Agent, to collect all amounts due under any and all
Receivables, including, without limitation, endorsing the Transferor’s and/or the related Originator’s name on checks and other instruments representing Collections and enforcing such Receivables and the related Contracts. The Collection
Agent shall set aside for the account of the Transferor and the Transferees their respective allocable shares of the Collections of Receivables in accordance with Sections 2.5 and 2.6 hereof. The Collection Agent shall segregate and deposit to the
Administrative Agent’s account the Transferees’ allocable share of Collections of Receivables when required pursuant to Article II hereof. Notwithstanding anything to the contrary contained herein, if a Termination Event has occurred and
is continuing, the Administrative Agent shall have the absolute and unlimited right to direct the Collection Agent (whether the Collection Agent is the Originator or any other Person) to commence or settle any legal action to enforce collection of
any Receivable or to foreclose upon or repossess any Related Security. The Collection Agent shall not make the Administrative Agent, the Funding Agents or the Transferees a party to any litigation relating to a Receivable without the prior written
consent of such Person. The Collection Agent shall not be liable to the Administrative Agent, the Funding Agents or the Transferees for any action or inaction that was directed by the Administrative Agent or the Funding Agents; provided that
the foregoing shall not apply to any failure of the Collection Agent to follow the directions of the Administrative Agent or in the case of the gross negligence, bad faith or willful misconduct of the Collection Agent. 

 

 53 

 (b) The Collection Agent shall, as soon as practicable following receipt
thereof, pay to the Person entitled thereto any collections received by it in its capacity as Collection Agent hereunder that do not constitute “Collections” hereunder. If the Collection Agent is not the Transferor, the Originator or an
Affiliate of the Transferor or the Originator, the Collection Agent, by giving three (3) Business Days’ prior written notice to the Administrative Agent, may revise the Servicing Fee, provided that such revised Servicing Fee shall be a
reasonable fee agreed upon by the Collection Agent and the Administrative Agent (acting at the direction of the Required APA Banks) on an arms-length basis reflecting rates and terms prevailing at such time. The Collection Agent, if other than the
Transferor or the Originator or an Affiliate of the Transferor or the Originator, shall as soon as practicable upon demand, deliver to the Originator all Records in its possession which evidence or relate to indebtedness of an Obligor which is not a
Receivable. 
 (c) On or before ninety (90) days after the end of each fiscal year of the Collection Agent,
beginning with the fiscal year ending December 31, 2010, the Collection Agent shall cause a firm of independent public accountants acceptable to the Administrative Agent (acting at the direction of the Required APA Banks) at the expense of the
Transferor (who may also render other services to the Collection Agent, the Transferor, the Originator or any Affiliates of any of the foregoing) to furnish a report to the Administrative Agent and the Funding Agents to the effect that they have
(i) selected at least one Monthly Report (and, if applicable, at least one Weekly Report) for each fiscal quarter delivered during the fiscal year then ended and verified that the amounts presented on such report relating to sales, total
dilution, net sales, collections, write-offs and aging of Receivables agreed with the information contained within the Collection Agent’s underlying accounting records for the related settlement period, (ii) recalculated the Net
Receivables Balance as of the end of at least one Monthly Settlement Period of each fiscal quarter (and, if applicable, in connection with at least one Weekly Report during each calendar month), (iii) selected at least one Monthly Report for
each fiscal quarter and selected a sample of fifteen (15) Receivables from each such Monthly Report and verified that the Receivables treated by the Collection Agent as Eligible Receivables in fact satisfied at the time of such treatment the
requirements of clauses (ii), (iii) and (vi) of the definition of such term contained herein, (iv) selected at least one Monthly Report (and, if applicable, Weekly Report) for each fiscal quarter and conducted a “negative
confirmation” of a sample of a total of fifty (50) Receivables selected from all such reports and verified that the Collection Agent’s records and computer system used in servicing the Receivables contained correct information with
regard to outstanding balances, and (v) selected at least one Monthly Report (and, if applicable, Weekly Report) for each fiscal quarter and selected a sample of a total of fifty (50) Receivables from all such reports (which can be the
same fifty (50) Receivables selected in clause (iv) above) and verified that such Receivables were included in the proper aging category on such Monthly Report or Weekly Report, as applicable, based on the dates listed on the original
Contracts for such Receivables, except, in each case for (a) such exceptions as such firm shall believe to be immaterial (which exceptions need not be enumerated) (for purposes of this clause (a), an exception shall be deemed to be immaterial
if, with respect to any Monthly Report or Weekly Report, as applicable, such exception relates to an amount less than $50,000) and (b) such other exceptions as shall be set forth in such statement. 

 

 54 

 (d) Notwithstanding anything to the contrary contained in this Article VI,
the Collection Agent, if not the Transferor, the Originator or any Affiliate of the Transferor or the Originator, shall have no obligation to collect, enforce or take any other action described in this Article VI with respect to any indebtedness
that is not included in the Transferred Interest other than to deliver to the Transferor the collections and documents with respect to any such indebtedness as described in Section 6.2(b) hereof. 

SECTION 6.3. Rights After Designation of New Collection Agent or a Termination Event. At any time following the
designation of a new Collection Agent pursuant to Section 6.1 hereof or following a Termination Event: 

(i) The Administrative Agent may (with the consent of the Required APA Banks) or shall, at the direction
of the Required APA Banks, direct that payment of all amounts payable under any Receivable be made directly to the Administrative Agent or its designee for the benefit of the Transferees. 

(ii) The Transferor shall, at the request of the Administrative Agent (with the consent of the Required
APA Banks) and at the Transferor’s expense, give notice of the Transferees’ ownership of Receivables to each Obligor and direct that payments be made directly to the Administrative Agent or its designee. 

(iii) The Transferor shall, at the request of the Administrative Agent (with the consent of the Required
APA Banks), (A) assemble all of the Records, and shall make the same available to the Administrative Agent or its designee at a place selected by the Administrative Agent or its designee, and (B) segregate all cash, checks and other
instruments received by it from time to time constituting Collections of Receivables in a manner acceptable to the Administrative Agent and shall, promptly upon receipt, remit all such cash, checks and instruments, duly endorsed or with duly
executed instruments of transfer, to the Administrative Agent or its designee. 
 (iv) The
Transferor hereby authorizes the Administrative Agent to take any and all steps in the Transferor’s or the related Originator’s name and on behalf of the Transferor and the Originator necessary or desirable, in the reasonable determination
of the Administrative Agent (with the consent of the Required APA Banks), to collect all amounts due under any and all Receivables, including, without limitation, endorsing the Transferor’s or the Originator’s name on checks and other
instruments representing Collections and enforcing such Receivables and the related Contracts. 
 SECTION 6.4.
Responsibilities of the Transferor and the Originator. Anything herein to the contrary notwithstanding, the Transferor shall, and/or shall cause the Originator to, (i) perform all of the Originator’s obligations under the Contracts
related to the Receivables to the same extent as if interests in such Receivables had not been sold hereunder and under the Receivables Purchase Agreement and the exercise by the Administrative Agent, the Funding Agents and the Transferees of their
rights hereunder and under the Receivables Purchase Agreement shall not relieve the Transferor or the Originator from such obligations and (ii) pay when due any taxes, including without limitation, any sales taxes payable in connection with the
Receivables and their creation and satisfaction. Neither the Administrative Agent, the Funding Agents nor any of the Transferees shall have any obligation or liability with respect to any Receivable or related Contracts, nor shall it be obligated to
perform any of the obligations of the Originator thereunder. 
  

 55 

 SECTION 6.5. Collection Agent Indemnification. The Collection Agent
shall indemnify and hold harmless the Administrative Agent, the Funding Agents and the Transferees and their permitted assigns (and their respective directors, officers, employees and agents), from and against any loss, liability, expense, damage or
injury suffered or sustained by reason of any breach by the Collection Agent of any of its representations, warranties or covenants contained in this Agreement or by reason of the commingling of Collections of Receivables at any time with other
funds that do not constitute Collections of Receivables, including any judgment, award, settlement, attorneys’ fees and other costs or expenses incurred in connection with the defense of any actual action, proceeding or claim; provided
that the Collection Agent shall not indemnify any such Person if such acts or omissions were attributable to gross negligence or willful misconduct by such Person or its officers, directors, agents or Affiliates; provided, further that
this Section 6.5 shall not apply to any losses attributable to the financial inability of an Obligor to pay. The provisions of such indemnity shall run directly to and be enforceable by any of the Administrative Agent, the Funding Agents and
the Transferees. The provisions of this Section 6.5 shall survive the termination of this Agreement. 

SECTION 6.6. Representations and Warranties of the Collection Agent. The Collection Agent hereby represents and
warrants to the Administrative Agent, the Funding Agents and the Transferees as of the Effective Date, each date on which an Incremental Transfer is made and on each Reporting Date that: 

(a) Corporate Existence and Power. The Collection Agent is a corporation duly organized, validly existing and in
good standing under the laws of its jurisdiction of incorporation and has all corporate power and all governmental licenses, authorizations, consents and approvals required to carry on its business in each jurisdiction in which its business is now
conducted except where the failure to have any of the foregoing could not reasonably be expected to have a Material Adverse Effect. The Collection Agent is duly qualified to do business in, and is in good standing in, every other jurisdiction in
which the nature of its business requires it to be so qualified except where the failure to so qualify could not reasonably be expected to have a Material Adverse Effect. 

(b) Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by the
Transferor of this Agreement and the other Transaction Documents to which the Collection Agent is a party are within the Collection Agent’s corporate powers, have been duly authorized by all necessary corporate action, require no action by or
in respect of, or filing with, any Official Body or official thereof (except as contemplated by Section 2.8 hereof), and do not contravene, or constitute a default under, any provision of applicable law, rule or regulation or of the Certificate
of Incorporation or Bylaws of the Collection Agent or of any agreement or of any judgment, injunction, order, writ, decree or other instrument binding upon the Collection Agent or result in the creation or imposition of any Adverse Claim on the
assets of the Collection Agent (except as contemplated by Section 2.8 hereof). 
  

 56 

 (c) Binding Effect. Each of this Agreement and the other Transaction
Documents to which the Collection Agent is a party constitutes the legal, valid and binding obligation of the Collection Agent, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other
similar laws affecting the rights of creditors generally and general equitable principles (whether considered in a proceeding at law or in equity). 

(d) Accuracy of Information. All information heretofore furnished by or on behalf of the Collection Agent
(including, without limitation, the Monthly Reports, Weekly Reports, any reports delivered pursuant to Section 2.11 hereof and the Collection Agent’s financial statements, and any other document, instrument, certificate or notice delivered
to the Administrative Agent, the Funding Agents or the Transferees) to the Administrative Agent, the Funding Agents or the Transferees for purposes of, or in connection with, this Agreement and the other Transaction Documents is, and all such
information hereafter furnished by or on behalf of the Collection Agent to the Administrative Agent, the Funding Agents or the Transferees will be, true and accurate in all material respects as of the date to which such information speaks.

 (e) Action, Suits. Except as set forth in Exhibit G hereof, there are no actions, suits or proceedings
pending or, to the knowledge of the Collection Agent threatened, against or affecting the Collection Agent, the Transferor, the Originator or their respective properties, in or before any court, arbitrator or other body, which, individually or in
the aggregate, could reasonably be expected to result in a Material Adverse Effect. 
 (f) Nature of
Receivables. Each Receivable (x) represented by the Collection Agent to be an Eligible Receivable (including in any Monthly Report, Weekly Report or other report delivered pursuant to Section 2.11 hereof) or (y) included in the
calculation of the Net Receivables Balance, in each case meets the requirements of the definition of “Eligible Receivable” as of the date of such representation or inclusion, as applicable. 

(g) Coverage Requirement; Amount of Receivables. The Percentage Factor does not exceed the Maximum Percentage
Factor. As of May 31, 2010, the aggregate Outstanding Balance of the Receivables in existence was $270,736,317.00, and the Net Receivables Balance was $202,779,468.15. 

(h) Credit and Collection Policy. Since April 16, 2010, there have been no material changes in the Credit and
Collection Policy other than those with respect to which the Administrative Agent has consented pursuant hereto. Since such date, no change has occurred in the overall rate of collection of the Receivables which could reasonably be expected to
result in a Material Adverse Effect. 
  

 57 

 (i) Collections and Servicing. Since March 31, 2010, there has
been no change in (i) the ability of the Collection Agent to perform its obligations to service and collect the Receivables or (ii) the collectibility of the Receivables, in either case, which could reasonably be expected to result in a
Material Adverse Effect. 
 (j) Transaction Information. None of the Collection Agent, any Affiliate of
the Collection Agent or any third party with which the Collection Agent or any Affiliate thereof has contracted, has delivered, in writing or orally, to any Rating Organization providing or proposing to provide a rating to, or monitoring a rating
of, the CP Issuers’ Commercial Paper, any Transaction Information without providing such Transaction Information to the Administrative Agent prior to delivery to such Rating Organization and has not participated in any oral communications with
respect to Transaction Information with any Rating Organization without the participation of a 17g-5 Representative of the Administrative Agent. 

SECTION 6.7. Covenants of the Collection Agent. 

(a) Affirmative Covenants of the Collection Agent. At all times from the Effective Date to the later to occur of
(i) the Termination Date or (ii) the date on which the Net Investment has been reduced to zero and all accrued Discount, Servicing Fees and all other Aggregate Unpaids shall have been paid in full, unless the Funding Agents shall otherwise
consent in writing: 
 (i) Conduct of Business. Solely as it relates to its duties as
Collection Agent hereunder, the Collection Agent will carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted and will do all things necessary to remain duly
incorporated, validly existing and in good standing as a domestic corporation in its jurisdiction of incorporation and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except when the
failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 (ii)
Compliance with Laws. The Collection Agent will comply with all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it or its respective properties may be subject, except when the failure to so comply
could not reasonably be expected to have a Material Adverse Effect. 
 (iii) Annual
Reporting. Within ninety (90) days (or such shorter period as the Securities and Exchange Commission shall specify for the filing of annual reports on Form 10-K) after the end of Nalco Holding Company’s fiscal year, the Collection
Agent shall deliver to the Administrative Agent Nalco Holding Company’s annual reports on Form 10-K with respect to Nalco Holding Company and its consolidated Subsidiaries. 

(iv) Quarterly Reporting. Within forty-five (45) days (or such shorter period as the
Securities and Exchange Commission shall specify for the filing of quarterly reports on Form 10-Q) after the end of each of the first three fiscal quarters of each of Nalco Holding Company’s fiscal year, the Collection Agent shall deliver to
the Administrative Agent Nalco Holding Company’s quarterly reports on Form 10-Q with respect to Nalco Holding Company and its consolidated Subsidiaries. 
  

 58 

 (v) Compliance Certificate. Together with the
financial reports required pursuant to Section 6.7(a)(iii) or Section 6.7(a)(iv), a compliance certificate signed by the Collection Agent’s chief financial officer stating that to the best of such Person’s knowledge, no
Termination Event or Potential Termination Event exists, or if any Termination Event or Potential Termination Event exists, stating the nature and status thereof. 

(vi) Furnishing of Information and Inspection of Records. The Collection Agent will furnish to the
Administrative Agent and the Funding Agents from time to time such information with respect to the Receivables as the Administrative Agent or the Funding Agents may reasonably request, including, without limitation, listings identifying the Obligor
and the Outstanding Balance for each Receivable, together with an aging history of the Receivables. The Collection Agent will, at its cost and expense, at any time and from time to time during regular business hours and upon reasonable notice,
permit the Administrative Agent and the Funding Agents, or their respective agents or representatives, including a third-party auditor engaged by the Administrative Agent (which third-party auditor shall be engaged (I) at the Collection
Agent’s cost and expense provided that (x) the Administrative Agent shall have provided to the Collection Agent a fee estimate in advance of the engagement thereof and (y) the Collection Agent shall have consented to the engagement
thereof, which consent shall not be unreasonably withheld and (II) no more than once per calendar year (unless a Termination Event has occurred and is continuing)), (i) to examine and make copies of and abstracts from all Records and
(ii) to visit the offices and properties of the Collection Agent for the purpose of examining such Records, and to discuss matters relating to Receivables or the Collection Agent’s performance hereunder and under the other Transaction
Documents to which such Person is a party with any of the officers, directors, employees or independent public accountants of the Collection Agent having knowledge of such matters. 

(vii) Keeping of Records and Books of Account. The Collection Agent will maintain and implement
administrative and operating procedures (including, without limitation, an ability to recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain, all documents, books, records and other
information reasonably necessary or advisable for the collection of all Receivables (including, without limitation, records adequate to permit the daily identification of each outstanding Receivable and all Collections of and adjustments to each
existing Receivable). The Collection Agent will give the Administrative Agent and the Funding Agents notice of any material change in the administrative and operating procedures of the Collection Agent referred to in the previous sentence.

 (viii) Performance and Compliance with Receivables and Contracts. The Collection Agent,
at its expense, will timely and fully perform and comply with all provisions, covenants and other promises required to be observed by the Collection Agent under the Contracts related to the Receivables except where the failure to so perform or
comply could not reasonably be expected to have a Material Adverse Effect. 
  

 59 

 (ix) Credit and Collection Policies. The Collection
Agent will comply with the Credit and Collection Policy in regard to each Receivable and the related Contract. 

(x) Collections. All Obligors shall be instructed to cause all Collections to be deposited directly
with a Lock-Box Bank and each Lock-Box Bank shall be instructed to deposit any Collections directly into the related Lock-Box Account on the same Business Day. 

(xi) Collections Received. If the Collection Agent receives any Collections, then the Collection
Agent shall hold such Collections in trust and deposit such Collections into a Lock-Box Account no less frequently than once per calendar week; provided that if at any time the aggregate amount of Collections in the possession of the
Collection Agent exceeds $500,000, then the Collection Agent shall remit such Collections to a Lock-Box Account no later than the next Business Day. 

(xii) Notice of Termination Events or Potential Termination Events. Promptly upon the occurrence of
a Termination Event or a Potential Termination Event, notice of the occurrence thereof together with a statement of the chief financial officer or chief accounting officer of the Collection Agent setting forth details of such Termination Event or
Potential Termination Event and the action which the Collection proposes to take with respect thereto. 
 (b)
Negative Covenants of the Collection Agent. At all times from the Effective Date to the later to occur of (i) the Termination Date or (ii) the date on which the Net Investment has been reduced to zero, all accrued Discount,
Servicing Fees and all other Aggregate Unpaids shall have been paid in full, unless the Funding Agents shall otherwise consent in writing: 

(i) No Extension or Amendment of Receivables. The Collection Agent will not extend, amend or
otherwise modify the terms of any Receivable, or amend, modify or waive any term or condition of any Contract related thereto, in contravention of the Credit and Collection Policy, without the prior written consent of the Funding Agents. 

(ii) No Change in Credit and Collection Policy. The Collection Agent will not make any material
change to the Credit and Collection Policy without the prior written consent of the Administrative Agent. 

(iii) No Change in Business. The Collection Agent will not make any change in the character of its
business which could reasonably be expected to have a Material Adverse Effect. 
 (iv) Change
in Payment Instructions to Obligors; Deposits to Lock-Box Accounts. The Collection Agent will not add or terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account to or from those listed in Exhibit C hereto or make any change in
its instructions to Obligors regarding payments to be made to any Lock-Box Account or any change in its instructions to any Lock-Box Bank regarding payment and deposits of Collections, unless it shall have complied with Section 5.2(e). The
Collection Agent will not deposit or otherwise credit, or cause or permit to be so deposited or credited (other than misdirected payments made by payors and other inadvertent deposits), to any Lock-Box Account cash or cash proceeds other than
Collections of Receivables. 
  

 60 

 (c) Transaction Information. None of the Collection Agent, any
Affiliate of the Collection Agent or any third party contracted by the Collection Agent or any Affiliate thereof, shall deliver, in writing or orally, to any Rating Organization, any Transaction Information without providing such Transaction
Information to the Administrative Agent prior to delivery to such Rating Organization and will not participate in any oral communications with respect to Transaction Information with any Rating Organization without the participation of a 17g-5
Representative of the Administrative Agent. 
 ARTICLE VII 

TERMINATION EVENTS 

SECTION 7.1. Termination Events. The occurrence of any one or more of the following events shall constitute a
Termination Event: 
 (a) the Transferor, the Originator, the Collection Agent or the Parent shall fail to make
any payment or deposit to be made by it hereunder or under any of the Transaction Documents when due hereunder or thereunder, including payments of interest, principal or fees, and such failure shall continue unremedied for one (1) Business
Day; or 
 (b) any representation, warranty, certification or statement made by the Transferor, the Originator,
the Collection Agent or the Parent in this Agreement, any other Transaction Document to which it is a party or in any other document delivered pursuant hereto or thereto shall prove to have been incorrect in any material respect when made or deemed
made; provided that a breach of Section 3.1(l) (or Sections 6.6(d) (to the extent the information referred to therein relates to the eligibility of Receivables) or 6.6(f)) will not result in a Termination Event if the applicable
Receivable is removed from the Net Receivables Balance promptly after a Responsible Officer of the Collection Agent becomes aware of such breach; or 

(c) the Transferor, the Originator, the Collection Agent or the Parent shall default in the performance of any payment,
covenant or undertaking (other than those covered by clause (a) above) (i) to be performed or observed under Section 2.11, 5.1(b), 5.1(h), 5.1(i), 5.2(a), 5.2(d), 5.2(e), 5.2(h), 6.7(a)(vi), 6.7(a)(vii), 6.7(a)(viii), 6.7(b)(ii) or
6.7(b)(iv) of this Agreement, (ii) to be performed or observed under Section 5.01(g) or 5.01(h) of the Receivables Purchase Agreement, (iii) to be performed or observed under Section 2.1, 5.1, 5.2, 5.3, 5.4 or 5.5 of the Parent
Guaranty or (iv) to be performed or observed under any other provision of the Transaction Documents, and such default, in the case of this clause (iv) only, shall continue for ten (10) days following the earlier to occur of (x) a
Responsible Officer of the Collection Agent or the Transferor becoming aware of such breach and (y) receipt of written notice of such breach by the Transferor, the Collection Agent or the Parent from the Administrative Agent or any Transferee;
or 
  

 61 

 (d) the Transferor, the Collection Agent, the Parent or the Originator shall
fail to make any payment of principal or interest in respect of any Indebtedness when and as the same shall become due and payable after giving effect to any applicable grace period with respect thereto; or any event or condition occurs that results
in any such Indebtedness becoming due prior to its scheduled maturity or that enables or permits the holder or holders of any such Indebtedness or any trustee or agent on its or their behalf to cause any such Indebtedness to become due, or to
require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided, however, that solely with respect to the Collection Agent, the Parent and the Originator, the foregoing shall only apply
to Indebtedness if the aggregate principal amount thereof exceeds $35,000,000; provided that this clause (d) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets
securing such Indebtedness if such sale or transfer is not prohibited hereunder and is permitted under the documents providing for such Indebtedness; or 

(e) a final judgment or judgments for the payment of money in excess of $35,000,000 in the aggregate (net of insurance
proceeds) at any time outstanding shall be rendered against the Originator, the Collection Agent, the Parent or any of their respective Subsidiaries (other than the Transferor) and either (i) enforcement proceedings shall have been commenced
upon any such judgment or (ii) the same shall not, within 30 days after the entry thereof, have been discharged or execution thereof stayed or bonded pending appeal, or shall not have been discharged prior to the expiration of any such stay; or

 (f) a judgment or order for the payment of money shall be rendered against the Transferor; or 

(g) any Event of Bankruptcy shall occur with respect to the Transferor, the Collection Agent, the Parent or the
Originator; or 
 (h) the Administrative Agent, on behalf of the Transferees, shall, for any reason, fail or
cease to have a valid and perfected ownership or security interest in the Receivables and Related Security, Collections and Proceeds with respect thereto, free and clear of any Adverse Claims; or 

(i)(x) a “Termination Event” shall have occurred under the Receivables Purchase Agreement or (y) a
Non-Payment Event shall have been declared under the Receivables Purchase Agreement; or 
 (j)(i) the Percentage
Factor exceeds the Maximum Percentage Factor unless the Transferor reduces the Net Investment or increases the balance of the Receivables on the next Business Day following delivery of the Monthly Report or Weekly Report, as applicable, which
reflects such excess so as to reduce the Percentage Factor to less than or equal to 100%; or (ii) the Net Investment shall exceed the Facility Limit unless remedied within one Business Day; or 

 

 62 

 (k) the average Dilution Ratio for the three (3) immediately preceding
Monthly Settlement Periods exceeds 7.75%; or 
 (l) the average Default Ratio for the three (3) immediately
preceding Monthly Settlement Periods exceeds 2.65%; or 
 (m) the average Delinquency Ratio for the three
(3) immediately preceding Monthly Settlement Periods exceeds 5.00%; or 
 (n) the average DSO for the two
(2) immediately preceding Monthly Settlement Periods exceeds sixty-five (65) days; or 
 (o) a notice
of Lien has been filed against the Transferor, the Originator, the Parent, the Collection Agent or any of their ERISA Affiliates covering any portion of the Transferred Interest under Section 412(n) of the Code or Section 302(f) of ERISA
for a failure to make a required installment or other payment to a plan to which such provisions apply; or 

(p) any Financial Covenant Default shall occur; or 

(q) this Agreement, the Receivables Purchase Agreement or the Parent Guaranty shall cease, for any reason, to be in full
force and effect, or any party to such agreements shall so assert in writing or the Transferor, Collection Agent, the Originator or the Parent shall otherwise seek to terminate or disaffirm its obligations under this Agreement, the Receivables
Purchase Agreement or the Parent Guaranty; or 
 (r) a material adverse change with respect to (i) the
enforceability or collectibility of the Receivables or (ii) the ability of Nalco Company, in its capacity as Originator or Collection Agent, the Parent or the Transferor to perform its respective obligations under the Transaction Documents to
which Nalco Company, the Parent or the Transferor, as the case may be, is a party; or 
 (s) a Change of Control
shall occur; or 
 (t) any Person shall be appointed as an Independent Director of the Transferor
(x) without prior notice thereof having been given to the Administrative Agent and the Funding Agents or without delivery of the certification or information required under Section 5.1(a)(vi) or (y) which does not satisfy the criteria
set forth in the definition herein of “Independent Director”; or 
 (u) a Collection Agent Default
shall occur. 
 SECTION 7.2. Remedies Upon the Occurrence of a Termination Event. (a) If a
Termination Event has occurred and is continuing, the Administrative Agent may (with the consent of the Required APA Banks), or at the direction of the Required APA Banks shall, by notice to the Transferor and the Collection Agent, declare the
Termination Date to have occurred; provided, however, that in the case of any event described in Section 7.1(g) above, the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event. At all
times after the declaration or automatic occurrence of the Termination Date pursuant to this Section 7.2(a), the Base Rate plus 2.00% shall be the Tranche Rate applicable to the Net Investment for all existing and future Tranches, and all
Aggregate Unpaids shall be deemed to be immediately due and payable. 
  

 63 

 (b) In addition, if the Termination Date has been declared pursuant to
Section 7.2(a), (i) the Administrative Agent, on behalf of the Transferees, shall have all of the rights and remedies provided to a secured creditor or a purchaser of accounts under the Relevant UCC and other applicable law in respect
thereto, (ii) the Facility Limit shall be reduced as of each calendar date thereafter equal to the Net Investment as of such date, (iv) the Percentage Factor shall be increased to 100% and (v) the Administrative Agent, at the
direction of the Required APA Banks, shall take any other action available to it under this Agreement and the other Transaction Documents (including, but not limited to, exercising its rights under the Lock-Box Agreements and Article VI hereof).

 ARTICLE VIII 

INDEMNIFICATION; EXPENSES; RELATED MATTERS 

SECTION 8.1. Indemnities by the Transferor. Without limiting any other rights which the Administrative Agent, the
Funding Agents or the Transferees may have hereunder or under applicable law, the Transferor hereby agrees to indemnify the Administrative Agent, the Funding Agents and the Transferees and any of their successors and permitted assigns and their
respective officers, directors, agents and employees (collectively, “Indemnified Parties”) from and against any and all damages, losses, claims, liabilities, costs and expenses, including, without limitation, attorneys’ fees (which
such attorneys may be employees of the Administrative Agent or the Funding Agents) and disbursements (all of the foregoing being collectively referred to as “Indemnified Amounts”) awarded against or incurred by any of them in any action or
proceeding between the Transferor or the Originator (including in its capacity as the Collection Agent) and any of the Indemnified Parties or between any of the Indemnified Parties and any third party or otherwise arising out of or as a result of
this Agreement, the other Transaction Documents, the ownership or maintenance, either directly or indirectly, by the Administrative Agent, the Funding Agents or the Transferees of the Transferred Interest or any of the other transactions
contemplated hereby or thereby, excluding, however, (i) Indemnified Amounts to the extent resulting from gross negligence, bad faith or willful misconduct on the part of an Indemnified Party and (ii) recourse for uncollectible Receivables
due to the financial inability of an Obligor to pay. Without limiting the generality of the foregoing, but subject in all respects to the limitations set forth in clauses (i) and (ii) above, the Transferor shall indemnify each Indemnified
Party for Indemnified Amounts relating to or resulting from: 
 (a) any representation or warranty made by the
Transferor or any officers or agents of the Transferor under or in connection with this Agreement, any of the other Transaction Documents, any Monthly Report or Weekly Report or any other information or report delivered by any of them pursuant
hereto or thereto, which shall have been false or incorrect in any material respect when made or deemed made; 
  

 64 

 (b) the failure by the Transferor to comply with any applicable law, rule or
regulation with respect to any Receivable or the related Contract, or the nonconformity of any Receivable or the related Contract with any such applicable law, rule or regulation; 

(c) the failure to vest and maintain vested in the Administrative Agent, for the benefit of the Transferees, an undivided
first priority, perfected percentage ownership or security interest, to the extent of the Transferred Interest, in the Receivables and Related Security, Collections and Proceeds with respect thereto, free and clear of any Lien or (y) to create
or maintain a valid and perfected first priority security interest in favor of the Administrative Agent, for the benefit of the Transferees, in the Transferor’s interest in the Receivables and Related Security, Collections and Proceeds with
respect thereto, free and clear of any Lien; 
 (d) the failure of the Transferor or the Collection Agent to
file, or any delay in filing, financing statements, continuation statements, or other similar instruments or documents under the Relevant UCC or other applicable laws with respect to any of the Receivables or Related Security, Collections and
Proceeds with respect thereto; 
 (e) any dispute, claim, offset or defense (other than discharge in bankruptcy)
of the Obligor to the payment of any Receivable (including, without limitation, a defense based on such Receivable or the related Contract not being legal, valid and binding obligation of such Obligor enforceable against it in accordance with its
terms), or any other claim resulting from the sale of merchandise or services related to such Receivable or the furnishing or failure to furnish such merchandise or services; 

(f) any failure of any agent of the Transferor to perform its duties or obligations in accordance with the provisions
hereof; 
 (g) any products liability claim or personal injury or property damage suit or other similar or
related claim or action of whatever sort arising out of or in connection with merchandise or services which are the subject of any Receivable; 

(h) the transfer of an ownership interest in any Receivable other than an Eligible Receivable; 

(i) the failure by the Transferor to comply with any term, provision or covenant contained in this Agreement or any of
the other Transaction Documents to which it is a party; 
 (j) any distribution of Collections to the Originator
or the Collection Agent if, after giving effect thereto and to any concurrent transfer of Receivables to the Transferor, the Percentage Factor exceeds the Maximum Percentage Factor; 

(k) the failure to pay when due any taxes, including without limitation, sales, excise or personal property taxes payable
in connection with any of the Receivables; 
  

 65 

 (l) any repayment by any Indemnified Party of any amount previously
distributed in reduction of Net Investment which such Indemnified Party believes in good faith is required to be made; 

(m) the commingling of Collections of Receivables at any time with other funds that do not constitute Collections of
Receivables; 
 (n) any investigation, litigation or proceeding related to this Agreement, any of the other
Transaction Documents, the use of proceeds of Transfers, the ownership of Transferred Interests, or any Receivable, Related Security or Contract; 

(o) the failure of any Lock-Box Bank to remit any amounts received by such Lock-Box Bank (whether by way of a Lock-Box or
otherwise) or held in the Lock-Box Accounts pursuant to the terms of the applicable Lock-Box Agreement whether by reason of the exercise of set-off rights or otherwise; 

(p) any inability to obtain any judgment in or utilize the court or other adjudication system of, any state in which an
Obligor may be located as a result of the failure of the Transferor or its agents to qualify to do business or file any notice of business activity report or any similar report; 

(q) any failure of the Transferor to give reasonably equivalent value to the Originator in consideration of the purchase
by the Transferor from the Originator of any Receivable, or any attempt by any Person to void, rescind or set-aside any such transfer under statutory provisions or common law or equitable action, including, without limitation, any provision of the
Bankruptcy Code; or 
 (r) any action taken by the Transferor or its agents in the enforcement or collection of
any Receivable. 
 SECTION 8.2. Indemnity for Reserves and Expenses. (a) If after the date hereof,
the adoption of any Law or bank regulatory guideline or any amendment or change in the interpretation of any existing or future Law or bank regulatory guideline by any Official Body charged with the administration, interpretation or application
thereof, or the compliance with any directive of any Official Body (in the case of any bank regulatory guideline, whether or not having the force of Law): 

(i) shall impose, modify or deem applicable any reserve, special deposit or similar requirement
(including, without limitation, any such requirement imposed by the Board of Governors of the Federal Reserve System) against assets of, deposits with or for the account of, or credit extended by, any Indemnified Party or shall impose on any
Indemnified Party or on the London interbank market any other condition affecting this Agreement, the other Transaction Documents, the ownership, maintenance or financing of the Transferred Interest, the Receivables or payments of amounts due
hereunder or its obligation to advance funds hereunder or under the other Transaction Documents, the ownership, maintenance or financing of the Transferred Interest or the Receivables; or 

 

 66 

 (ii) imposes upon any Indemnified Party any other expense
(including, without limitation, reasonable attorneys’ fees and expenses, and expenses of litigation or preparation therefor in contesting any of the foregoing) with respect to this Agreement, the other Transaction Documents, the ownership,
maintenance or financing of the Transferred Interest, the Receivables or payments of amounts due hereunder or its obligation to advance funds hereunder or otherwise in respect of this Agreement, the other Transaction Documents, the ownership,
maintenance or financing of the Transferred Interests or the Receivables, 
 (iii) imposes on any
Indemnified Party any other condition affecting the Transferred Interest (or the portion thereof held by such Indemnified Party), 

and the result of any of the foregoing is to increase the cost to such Indemnified Party with respect to this Agreement, the other
Transaction Documents, the ownership, maintenance or financing of the Transferred Interest, the Receivables, the obligations hereunder, the funding of any Purchases hereunder or under the other Transaction Documents, by an amount deemed by such
Indemnified Party to be material, then, upon demand therefor by such Indemnified Party through its related Funding Agent, the Transferor shall pay to such Funding Agent, for the benefit of such Indemnified Party, such additional amount or amounts as
will compensate such Indemnified Party for such increased cost or reduction. 
 (b) If any Indemnified Party
shall have determined in good faith that after the date hereof, the adoption of any applicable Law or bank regulatory guideline regarding capital adequacy, or any change therein, or any change in the interpretation thereof by any Official Body, or
any directive regarding capital adequacy (in the case of any bank regulatory guideline, whether or not having the force of law) of any such Official Body, has or would have the effect of reducing the rate of return on capital of such Indemnified
Party (or its parent) as a consequence of such Indemnified Party’s obligations hereunder or with respect hereto to a level below that which such Indemnified Party (or its parent) could have achieved but for such adoption, change, request or
directive (taking into consideration its policies with respect to capital adequacy) by an amount deemed by such Indemnified Party to be material, then from time to time, upon demand therefor by such Indemnified Party through its Funding Agent which
demand shall be accompanied by a certificate of such Indemnified Party setting forth the amount thereof, the Transferor shall pay to such Funding Agent, for the benefit of such Indemnified Party, such additional amount or amounts as will compensate
such Indemnified Party (or its parent) for such reduction. 
  

 67 

 SECTION 8.3. Indemnity for Taxes. (a) All payments made by the
Transferor or the Collection Agent to the Administrative Agent or the Funding Agents for the benefit of the Transferees under this Agreement and any other Transaction Document shall be made free and clear of, and without deduction or withholding for
or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Official Body, including by reason of
changes the method or basis of taxation of any amounts payable to any of the foregoing under the Transferred Interest, excluding (i) taxes imposed on the net income of the Administrative Agent, the Funding Agents or any other Indemnified Party,
however denominated, and (ii) franchise taxes imposed on the net income of the Administrative Agent, the Funding Agents or any other Indemnified Party, in each case imposed: (1) by the United States or any political subdivision or taxing
authority thereof or therein; (2) by any jurisdiction under the laws of which the Administrative Agent, the Funding Agents or such Indemnified Party or lending office is organized or in which its lending office is located, managed or controlled
or in which its principal office is located or any political subdivision or taxing authority thereof or therein; or (3) by reason of any connection between the jurisdiction imposing such tax and the Administrative Agent, the Funding Agents such
Indemnified Party or such lending office other than a connection arising solely from this Agreement or any other Transaction Document or any transaction hereunder or thereunder (all such non-excluded taxes, levies, imposts, duties, charges, fees,
deductions or withholdings, collectively or individually, “Taxes”). If any such Taxes are required to be withheld from any amounts payable to the Administrative Agent, the Funding Agents or any Indemnified Party hereunder, the amounts so
payable to the Administrative Agent, the Funding Agents or such Indemnified Party shall be increased to the extent necessary to yield to the Administrative Agent, the Funding Agents or such Indemnified Party (after payment of all Taxes) all amounts
payable hereunder at the rates or in the amounts specified in this Agreement and the other Transaction Documents. The Transferor shall indemnify the Administrative Agent, the Funding Agents or any such Indemnified Party for the full amount of any
such Taxes upon receipt of written demand therefor by the Administrative Agent or the Funding Agents. 
 (b)
Each Indemnified Party that is not incorporated under the laws of the United States of America or a state thereof or the District of Columbia shall: 

(i) deliver to the Transferor, the Administrative Agent and the Funding Agents (A) two duly completed
copies of IRS Form W-8 BEN, or successor applicable form, as the case may be, and (B) an IRS Form W-8 ECI, or successor applicable form, as the case may be; 

(ii) deliver to the Transferor, the Administrative Agent and the Funding Agents two (2) further
copies of any such form or certification on or before the date that any such form or certification expires or becomes obsolete and after the occurrence of any event requiring a change in the most recent form previously delivered by it to the
Transferor; and 
 (iii) obtain such extensions of time for filing and complete such forms or
certifications as may reasonably be requested by the Transferor, the Administrative Agent and the Funding Agents; 
 unless, in
any such case, an event (including, without limitation, any change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or which would prevent
such Indemnified Party from duly completing and delivering any such form with respect to it, and such Indemnified Party so advises the Transferor, the Administrative Agent and the Funding Agents. Each such Indemnified Party so organized shall
certify (i) in the case of an IRS Form W-8 BEN, that it is entitled to receive payments under this Agreement and the other Transaction Documents without deduction or withholding of any United States federal income taxes and (ii) in the
case of an IRS Form W-8 ECI, that it is entitled to an exemption from United States backup withholding tax. Each Person that is a Purchaser or Participant hereunder, or which otherwise becomes a party to this Agreement as an APA Bank, shall, prior
to the effectiveness of such assignment, participation or addition, as applicable, be required to provide all of the forms and statements required pursuant to this Section 8.3. 

 

 68 

 SECTION 8.4. Other Costs, Expenses and Related Matters. (a) The
Transferor agrees, upon receipt of a written invoice, to pay or cause to be paid, and to save the Administrative Agent, the Funding Agents and the Transferees harmless against liability for the payment of, all reasonable out-of-pocket expenses
(including, without limitation, reasonable attorneys’, accountants’ and other third parties’ fees and expenses, any filing fees, due diligence fees or expenses incurred by officers or employees of the Administrative Agent, the Funding
Agents and the Transferees) or intangible, documentary or recording taxes incurred (A) by or on behalf of the Administrative Agent, the Funding Agents and the Transferees (i) in connection with the negotiation, execution, delivery and
preparation of this Agreement, the other Transaction Documents and any documents or instruments delivered pursuant hereto and thereto and the transactions contemplated hereby or thereby (including, without limitation, the perfection or protection of
the Transferred Interest) (it being agreed that the Transferor shall only be obligated under this clause (i) to pay the fees and expenses of one law firm for the Administrative Agent and all of the Funding Agents and Transferees) and
(ii) from time to time relating to any amendments, waivers or consents under this Agreement and the other Transaction Documents, and (B) by or on behalf of the Administrative Agent, the Funding Agents and the Transferees from time to time
(i) arising in connection with the enforcement or preservation of the rights of the Administrative Agent, the Funding Agents and the Transferees (including, without limitation, the perfection and protection of the Transferred Interest under
this Agreement), and (ii) arising in connection with any audit, dispute, disagreement, litigation or preparation for litigation involving this Agreement or any of the other Transaction Documents (all of such amounts, collectively,
“Transaction Costs”). 
 (b) Each Funding Agent will notify the Transferor in writing of the receipt
by such Funding Agent of notice of the occurrence of any event occurring after the date hereof which will entitle an Indemnified Party to compensation pursuant to this Article VIII. Any notice by a Funding Agent claiming compensation under this
Article VIII and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, such Funding Agent or any applicable Indemnified Party may use any
reasonable averaging and attributing methods. 
 ARTICLE IX 

THE ADMINISTRATIVE AGENT 

SECTION 9.1. Appointment. Each Transferee and Funding Agent hereby irrevocably designates and appoints Credit
Agricole as Administrative Agent hereunder, and authorizes the Administrative Agent to take such action on its behalf under the provisions of this Agreement and to exercise such powers and perform such duties as are expressly delegated to the
Administrative Agent by the terms of this Agreement, together with such other powers as are reasonably incidental thereto, subject in each case to the approval and direction of the Required APA Banks. Notwithstanding any provision to the contrary
elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Transferee or Funding Agent, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities on the part of the Administrative Agent shall be read into this Agreement or the other Transaction Documents or shall otherwise exist against the Administrative Agent. In performing its functions
and duties hereunder, the Administrative Agent shall act solely as the agent of the Transferees under the Transaction Documents, and the Administrative Agent does not assume, nor shall be deemed to have assumed, any obligation or relationship of
trust or agency with or for any such Person. 
  

 69 

 SECTION 9.2. Delegation of Duties. The Administrative Agent may
execute any of its duties under this Agreement and each other Transaction Document by or through its subsidiaries, affiliates, agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.
The Administrative Agent shall not be responsible for the negligence or misconduct (other than the gross negligence or willful misconduct) of any agents or attorneys-in-fact selected by it with reasonable care. 

SECTION 9.3. Exculpatory Provisions. Notwithstanding any provision of this Agreement or any other Transaction
Document: (i) the Administrative Agent shall not have any obligations under this Agreement or any other Transaction Document other than those specifically set forth herein and therein, and no implied obligations of the Administrative Agent
shall be read into this Agreement or any other Transaction Document; and (ii) in no event shall the Administrative Agent be liable under or in connection with this Agreement or any other Transaction Document for indirect, special, or
consequential losses or damages of any kind, including lost profits, even if advised of the possibility thereof and regardless of the form of action by which such losses or damages may be claimed. Neither the Administrative Agent nor any of its
respective directors, officers, agents or employees shall be liable for any action taken or omitted to be taken in good faith by it or them under or in connection with this Agreement or any other Transaction Document, except for its or their own
gross negligence or willful misconduct. Without limiting the foregoing, the Administrative Agent (a) may consult with legal counsel (including counsel for the Transferees), independent public accountants and other experts selected by it and
shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts, (b) shall not be responsible to any party hereto for any statements, warranties or
representations (other than its own statements) made in or in connection with this Agreement or the other Transaction Documents, (c) shall not be responsible to the parties hereto for the due execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Agreement or the other Transaction Documents (other than the legality, validity, enforceability or genuineness of its own execution, authorization and performance hereof and thereof), (d) shall incur no
liability under or in respect of any of the Commercial Paper or other obligations of the Transferees under this Agreement or the other Transaction Documents and (e) shall incur no liability under or in respect of this Agreement or the other
Transaction Documents by acting in good faith upon any notice (including notice by telephone), consent, certificate or other instrument or writing (which may be by facsimile) believed by it to be genuine and signed or sent by the proper party or
parties. Notwithstanding anything else herein or in the other Transaction Documents, it is agreed that where the Administrative Agent may be required under this Agreement or the other Transaction Documents to give notice of any event or condition or
to take any action as a result of the occurrence of any event or the existence of any condition, the Administrative Agent agrees to give such notice or take such action only to the extent that it has actual knowledge of the occurrence of such event
or the existence of such condition, and shall incur no liability for any failure to give such notice or take such action in the absence of such knowledge. 
  

 70 

 SECTION 9.4. Reliance by Administrative Agent. The Administrative
Agent shall in all cases be entitled to rely, and shall be fully protected in relying, in good faith, upon any note, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message,
statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel
to each of the Transferees), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent shall in all cases be fully justified in failing or refusing to take any action in good faith under this Agreement,
any other Transaction Document or any other document furnished in connection herewith or therewith unless it shall first receive such advice or concurrence of the Required APA Banks, as it deems appropriate, or it shall first be indemnified to its
satisfaction by the Required APA Banks against any and all liability, cost and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting,
or in refraining from acting, in good faith under this Agreement, the other Transaction Documents or any other document furnished in connection herewith or therewith in accordance with a request of the Required APA Banks, and such request and any
action taken or failure to act pursuant thereto shall be binding upon the Funding Agents and the Transferees. 

SECTION 9.5. Action Upon Termination Event. To the extent the Administrative Agent is entitled to consent to or
withhold its consent of any waiver or amendment of this Agreement or other Transaction Documents in accordance with the terms hereof or thereof or otherwise take action upon the occurrence of a Termination Event, the Administrative Agent shall
(i) give prompt notice to the Funding Agents of any such waiver, amendment, Termination Event of which it is aware and (ii) take such action with respect to such waiver, amendment, Termination Event as shall be directed by the Required APA
Banks. 
 SECTION 9.6. Non-Reliance on Administrative Agent. Each of the parties hereto expressly
acknowledges that neither the Administrative Agent, nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter taken,
including, without limitation, any review of the affairs of the Transferor, any Originator, the Collection Agent or the Support Provider, shall be deemed to constitute any representation or warranty by the Administrative Agent. Except as expressly
provided herein, the Administrative Agent shall not have any duty or responsibility to provide any Person other than each Funding Agent and each Transferee with any credit or other information concerning the business, operations, property,
prospects, financial and other condition or creditworthiness of the Transferor, any Originator, the Collection Agent or the Support Provider which may come into the possession of the Administrative Agent or any of its officers, directors, employees,
agents, attorneys-in-fact or affiliates. 
  

 71 

 SECTION 9.7. Indemnification. The APA Banks agree to indemnify the
Administrative Agent and its officers, directors, employees, representatives and agents (to the extent not reimbursed by the Transferor, the Collection Agent, an Originator or the Support Provider under the Transaction Documents, and without
limiting the obligation of such Persons to do so in accordance with the terms of the Transaction Documents), on a pro rata basis, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever (including, without limitation, the reasonable fees and disbursements of counsel for the Administrative Agent or the affected Person in connection with any investigative, administrative or
judicial proceeding commenced or threatened, whether or not the Administrative Agent or such affected Person shall be designated a party thereto) that may at any time be imposed on, incurred by or asserted against the Administrative Agent or such
affected Person as a result of, or arising out of, or in any way related to or by reason of, any of the transactions contemplated hereunder or under the Transaction Documents or any other document furnished in connection herewith or therewith (but
excluding any such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting solely from the gross negligence or willful misconduct of the Administrative Agent or such affected
Person). 
 SECTION 9.8. Agent in Individual Capacity. Credit Agricole (and any successor acting as
Administrative Agent) and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other
business with any of the Transferor, the Originator and the Collection Agent or any of their subsidiaries or Affiliates as though Credit Agricole were not the Administrative Agent or an APA Bank hereunder and without notice to or consent of the
Transferees. The Transferees acknowledge that, pursuant to such activities, Credit Agricole or its Affiliates may receive information regarding the Transferor, the Originator, the Collection Agent or their respective Affiliates (including
information that may be subject to confidentiality obligations in favor of such Person) and acknowledge that the Administrative Agent shall be under no obligation to provide such information to them. With respect to its Commitment, Credit Agricole
(and any successor acting as Administrative Agent) in its capacity as an APA Bank hereunder shall have the same rights and powers under this Agreement as any other APA Bank and may exercise the same as though it were not the Administrative Agent or
an APA Bank, and the term “APA Bank” or “APA Banks” shall, unless the context otherwise indicates, include the Administrative Agent in its individual capacity. 

SECTION 9.9. Successor Administrative Agent. The Administrative Agent may, upon five (5) days’ notice to
each Funding Agent (with a copy to the Transferor), and the Administrative Agent will, at the direction of the Required APA Banks, resign as Administrative Agent; provided, in either case, that a Funding Agent or a APA Bank agrees to become
the successor Administrative Agent hereunder in accordance with the next sentence with the approval of the Required APA Banks. If the Administrative Agent shall resign as Administrative Agent under this Agreement, then the Required APA Banks during
such period shall appoint from among the APA Banks a successor agent, whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor
agent, effective upon its acceptance of such appointment and its delivery of a duly executed counterpart of this Agreement and an acknowledgment to each Funding Agent, and the former Administrative Agent’s rights, powers and duties as
Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement. After the retiring Administrative Agent’s resignation hereunder as
Administrative Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. 

 

 72 

 ARTICLE X 

MISCELLANEOUS 

SECTION 10.1. Term of Agreement. This Agreement shall terminate on the date following the Termination Date upon
which the Net Investment has been reduced to zero, and all accrued Discount, Servicing Fees and all other Aggregate Unpaids have been paid in full, in each case, in cash; provided, however, that (i) the rights and remedies of the
Administrative Agent, the Funding Agents and the Transferees with respect to any representation and warranty made or deemed to be made by the Transferor pursuant to this Agreement, (ii) the indemnification and payment provisions of Article VIII
hereof, and (iii) the agreements set forth in Sections 10.8 and 10.9 hereof, shall be continuing and shall survive any termination of this Agreement. On such date following the Termination Date described in the preceding sentence, any funds
remaining on deposit in the Collection Account shall be paid to the Transferor. 
 SECTION 10.2. Waivers;
Amendments. No failure or delay on the part of the Administrative Agent, the Funding Agents or the Transferees in exercising any power, right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial
exercise of any such power, right or remedy preclude any other further exercise thereof or the exercise of any other power, right or remedy. The rights and remedies herein provided shall be cumulative and nonexclusive of any rights or remedies
provided by law. Any provision of this Agreement and the Receivables Purchase Agreement may be amended if, but only if, such amendment is in writing and is signed by the parties hereto and/or thereto and the Required APA Banks; provided,
however, that no such amendment or waiver shall, without the consent of each affected APA Bank, (A) extend the Scheduled Commitment Expiry Date or the date of any payment or deposit of Collections by the Transferor or Collection Agent,
(B) reduce the rate or extend the time of payment of any principal, interest or fees hereunder, (C) change the amount of an APA Bank’s Pro Rata Share or Commitment, (D) consent to or permit the assignment or transfer by the
Transferor of any of its rights or obligations under this Agreement, (E) amend or modify the definition of “Required APA Banks,” “Net Investment,” “Percentage Factor,” “Total Reserves” or “Net
Receivables Balance,” (F) release the liens or security interests granted in favor of the Administrative Agent pursuant to the Transaction Documents in respect of, or transfer or consent to the transfer of, all or substantially all of the
Receivables and Related Security or (G) amend or modify this Section 10.2. 
  

 73 

 SECTION 10.3. Notices. Except as provided below, all communications
and notices provided for hereunder shall be in writing (including telecopy or similar writing) and shall be given to the other party at its address or telecopy number set forth below or at such other address or telecopy number as such party may
hereafter specify for the purposes of notice to such party. Each such notice or other communication shall be effective (i) if given by telecopy, when such telecopy is transmitted to the telecopy number specified in this Section 10.3 and
confirmation is received (provided that, for purposes of this clause (ii), any such transmission or confirmation occurring after regular business hours or on a non-Business Day shall be effective on the next succeeding Business Day), (ii) if
given by mail three (3) Business Days following such posting, postage prepaid, U.S. certified or registered, (iii) if given by overnight courier, one (1) Business Day after deposit thereof with a national overnight courier service, or
(iv) if given by any other means, when received at the address specified in this Section 10.3. However, anything in this Section 10.3 to the contrary notwithstanding, the Transferor hereby authorizes each Funding Agent to effect
Transfers, Tranche Period and Tranche Rate selections based on telephonic notices made by any Person which such Funding Agent in good faith believes to be acting on behalf of the Transferor. The Transferor agrees to deliver promptly to the
Administrative Agent and each Funding Agent a written confirmation of each telephonic notice signed by an authorized officer of Transferor. However, the absence of such confirmation shall not affect the validity of such notice. If the written
confirmation differs in any material respect from the action taken by the Administrative Agent or the related Funding Agent, as applicable, the records of such Person shall govern absent manifest error. 

If to CP Issuer: 

Atlantic Asset Securitization LLC 

c/o Credit Agricole Corporate and Investment Bank 

1301 Avenue of the Americas 

New York, NY 10019 

Attention:        DCM Securitization 

Tel. No.:         (212) 261-7819 

Facsimile No.: (917) 849-5447 

If to the Transferor: 

Nalco Receivables II LLC 

1601 W. Diehl Road 

Naperville, Illinois 60563 

Attention:   Assistant Treasurer 

Telephone: (630) 305-1554 

Telecopy:   (630) 305-2840 

Transferor Payment Information: 

JPMorgan Chase Bank, N.A. 

Chicago, IL 

Beneficiary: Nalco Receivables II LLC 

Account# 

ABA# 
  

 74 

 If to the Collection Agent: 

Nalco Company 

1601 W. Diehl Road 

Naperville, Illinois 60563 

Attention:   Assistant Treasurer 

Telephone: (630) 305-1554 

Telecopy:   (630) 305-2840 

If to the Administrative Agent or Funding Agent: 

Credit Agricole Corporate and Investment Bank 

1301 Avenue of the Americas 

New York, NY 10019 

Attention:         DCM Securitization 

Tel. No.:            (212) 261-7819 

Facsimile No.:  (917) 849-5447 

Email Address: Conduitsec@ca-cib.com 

If to the APA Banks, at their respective addresses set forth in the related Asset Purchase Agreement. 

SECTION 10.4. Further Assurances. Each of the Transferor and each Collection Agent shall execute, acknowledge and
deliver, or cause to be executed, acknowledged or delivered, from time to time, within a reasonable time period of such request, such further instruments and amendments and take such further action, in each case, as may be reasonably necessary (as
determined by the Funding Agents in their sole discretion), to obtain the confirmation of the current ratings assigned to the Commercial Paper of any CP Issuer, to the extent such ratings are attributable to the transactions contemplated hereby and
the other Transaction Documents. In furtherance of the foregoing and thereafter from time to time as may be necessary, each of the Transferor and the Collection Agent shall (A) reasonably cooperate with each Rating Agency in connection with any
review of the Transaction Documents which may be undertaken by such Rating Agency and (B) provide each Rating Agency with such information or access to such information as they may reasonably request in connection with any future review of the
ratings referred to above. 
 SECTION 10.5. GOVERNING LAW; SUBMISSION TO JURISDICTION; WAIVER OF JURY
TRIAL. (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK ). 

 

 75 

 (b) EACH OF THE PARTIES HERETO HEREBY SUBMITS TO THE
NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN
SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS SECTION 10.5 SHALL AFFECT THE RIGHT OF THE ADMINISTRATIVE AGENT, THE FUNDING AGENTS OR THE TRANSFEREES TO
BRING ANY ACTION OR PROCEEDING AGAINST THE TRANSFEROR, NALCO COMPANY, OR THEIR RESPECTIVE PROPERTIES IN THE COURTS OF OTHER JURISDICTIONS. 

(c) EACH OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER
SOUNDING IN CONTRACT, TORT OR OTHERWISE AMONG ANY OF THEM ARISING OUT OF, CONNECTED WITH, RELATING TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS. 

SECTION 10.6. Integration; Severability; Counterparts. This Agreement and each of the other Transaction Documents
contain the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof
superseding all prior oral or written understandings. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of
which when taken together shall constitute one and the same Agreement. Any provisions of this Agreement which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating 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. 

SECTION 10.7. Successors and Assigns. This Agreement shall be binding on the parties hereto and their respective
successors and assigns; provided, however, that neither the Transferor nor Nalco Company may assign any of its rights or delegate any of its duties hereunder or under any of the other Transaction Documents to which it is a party
without the prior written consent of the Administrative Agent (acting at the direction of the Required APA Banks). No provision of this Agreement shall in any manner restrict the ability of any Transferee to assign, participate, grant security
interests in, or otherwise transfer any portion of the Transferred Interest or its Commitment, if any, hereunder; provided, that in the case of the assignment of any Commitment, the assigning Transferee shall have obtained the prior written
consent (not to be unreasonably withheld) of the Transferor and the Administrative Agent; provided, further, that the consent of the Transferor shall not be required at any time during the continuance of a Termination Event or after
the occurrence or declaration of the Termination Date. Without limiting the foregoing, (x) any CP Issuer may (with the consent of each of its related APA Banks), on one or a series of transactions, transfer all or any portion of the Transferred
Interest held by it, and its rights and obligations under this Agreement and the other Transaction Documents to which it is a party, to a Conduit Assignee and (y) any Transferee may at any time pledge, or assign a security interest in, all or
any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Transferee
from any of its obligations hereunder or substitute any such pledge or assignee for such Transferee as a party hereto. Notwithstanding the foregoing, any assignment or transfer of any portion of the Transferred Interest by any CP Issuer to any APA
Bank shall be subject to terms and conditions set forth on Schedule I hereto. 
  

 76 

 SECTION 10.8. Confidentiality. (a) Each of the Transferor and
the Collection Agent shall maintain, and shall cause each officer, employee and agent of itself and its Affiliates to maintain, the confidentiality of the Transaction Documents and all other confidential proprietary information with respect to the
CP Issuers, the APA Banks, the Funding Agents and the Administrative Agent and each of their respective businesses obtained by them in connection with the structuring, negotiation and execution of the transactions contemplated herein and in the
other Transaction Documents, except for information that has become publicly available or information disclosed (x) to legal counsel, accountants and other professional advisors to the Transferor, the Collection Agent and their respective
Affiliates which have been informed of the confidential nature of such information, (y) as required by law, regulation or legal process, or (z) in connection with any legal or regulatory proceeding to which the Transferor, the Collection
Agent or any of their respective Affiliates is subject. Each of the Transferor and the Collection Agent hereby consents to the disclosure of any nonpublic information with respect to it received by any CP Issuer, any APA Bank, any Funding Agent or
the Administrative Agent to (i) any of the CP Issuers, APA Banks, Funding Agents or the Administrative Agent, (ii) any nationally recognized rating agency providing a rating or proposing to provide a rating to the CP Issuers’
Commercial Paper, (iii) any placement agent which proposes to offer and sell the CP Issuers’ Commercial Paper, (iv) any provider of the CP Issuers’ program-wide liquidity or credit support facilities, (v) any potential APA
Bank or (vi) any participant or potential participant. 
 (b) Each of the CP Issuers, the APA Banks, the
Funding Agents and the Administrative Agent shall maintain, and shall cause each officer, employee and agent of itself and its Affiliates to maintain, the confidentiality of the Transaction Documents and all other confidential proprietary
information with respect to the Transferor, the Originator and their Affiliates and each of their respective businesses obtained by them in connection with the structuring, negotiation and execution of the transactions contemplated herein and in the
other Transaction Documents, except for information that has become publicly available or information disclosed (i) to legal counsel, accountants and other professional advisors to the CP Issuers, the APA Banks, the Funding Agent, the
Administrative Agent and their respective Affiliates which have been informed of the confidential nature of such information, (ii) as required by law, regulation or legal process or (iii) in connection with any legal or regulatory
proceeding to which the CP Issuers, the APA Banks, the Funding Agent, the Administrative Agent or any of their respective Affiliates is subject. 
  

 77 

 (c) Notwithstanding anything to the contrary contained herein or in any of
the other Transaction Documents, each of the parties hereto acknowledges and agrees that the Administrative Agent may post to an internet website maintained by the Administrative Agent and required by any Rating Organization in connection with Rule
17g-5, the following information: (a)(i) to the extent disclosed to any Rating Organization, any confidential proprietary information with respect to the Transferor, the Originator, the Collection Agent and their Affiliates and each of their
respective businesses obtained by any CP Issuer, any APA Bank, any Funding Agent or the Administrative Agent in connection with the structuring, negotiation and execution of the transactions contemplated herein and in the other Transaction Documents
and (ii) any other nonpublic information with respect to the Transferor or the Collection Agent received by any CP Issuer, any APA Bank, any Funding Agent or the Administrative Agent, in each case to the extent such information was provided to
such Rating Organization, (b) the Transaction Documents and (c) any other Transaction Information. 

SECTION 10.9. No Bankruptcy Petition. Each of the parties hereto, in its capacity as a creditor, hereby covenants
and agrees that (i) prior to the date which is one year and one day after the payment in full of all outstanding Commercial Paper or other indebtedness of a CP Issuer (or its related commercial paper issuer), it will not institute against, or
join any other Person in instituting against, or knowingly or intentionally encourage or cooperate with any Person in instituting against, such CP Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other
similar proceeding under the laws of the United States or any state of the United States and (ii) prior to the date that is one year and one day after the payment in full of all Aggregate Unpaids, it will not institute against, or join any
other Person in instituting against, or knowingly or intentionally encourage or cooperate with any Person in instituting against, the Transferor any involuntary bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other
similar proceeding under the laws of the United States or any state of the United States. 
 SECTION 10.10.
Limited Recourse. Notwithstanding anything to the contrary contained herein, the obligations of any CP Issuer under this Agreement are solely the corporate obligations of such CP Issuer and, in the case of obligations of a CP Issuer other
than Commercial Paper, shall be payable at such time as funds are actually received by, or are available to, such CP Issuer in excess of funds necessary to pay in full all outstanding Commercial Paper and, to the extent funds are not available to
pay such obligations, the claims relating thereto shall not constitute a claim against such CP Issuer but shall continue to accrue. Each party hereto agrees that the payment of any claim (as defined in Section 101 of Title 11 of the Bankruptcy
Code) of any such party shall be subordinated to the payment in full of all of such CP Issuer’s Commercial Paper. 
 No
recourse under any obligation, covenant or agreement of a CP Issuer contained in this Agreement shall be had against any incorporator, stockholder, officer, director, member, manager, employee or agent of such CP Issuer, the Funding Agent for such
CP Issuer or any of their Affiliates (solely by virtue of such capacity) by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed
and understood that this Agreement is solely a corporate obligation of such CP Issuer, and that no personal liability whatever shall attach to or be incurred by any incorporator, stockholder, officer, director, member, manager,
employee or agent of such CP Issuer, the Funding Agent for such CP Issuer or any of their Affiliates (solely by virtue of such capacity) or any of them under or by reason of any of the obligations, covenants or agreements of such CP Issuer contained
in this Agreement, or implied therefrom, and that any and all personal liability for breaches by such CP Issuer of any of such obligations, covenants or agreements, either at common law or at equity, or by statute, rule or regulation, of every such
incorporator, stockholder, officer, director, member, manager, employee or agent is hereby expressly waived as a condition of and in consideration for the execution of this Agreement; provided that the foregoing shall not relieve any such
Person from any liability it might otherwise have as a result of fraudulent actions taken or fraudulent omissions made by them or in any case of the gross negligence, bad faith or willful misconduct of any such Person. 

 

 78 

 SECTION 10.11. Characterization of the Transactions Contemplated by the
Agreement. It is the intention of the parties that the transactions contemplated hereby constitute the sale of the Transferred Interest, conveying good title thereto free and clear of any Adverse Claims to the Transferees (acting through the
Administrative Agent), and that the Transferred Interest not be part of the Transferor’s estate in the event of an insolvency proceeding. However, without limiting the intent of the parties hereto and notwithstanding the foregoing, the
Transferor hereby grants to the Administrative Agent, on behalf of the Transferees, a security interest in all of the Transferor’s right, title and interest in, to and under, whether now owned or hereafter acquired, the Receivables, together
with Related Security, Collections, the Collection Account, the Lock-Box Accounts, and Proceeds with respect thereto, together with all of the Transferor’s rights under the Receivables Purchase Agreement with respect to the Receivables and with
respect to any obligations thereunder of the Originator with respect to the Receivables, to secure all of the Transferor’s obligations hereunder, and this Agreement shall constitute a security agreement under applicable law. Furthermore, the
Transferor represents and warrants that each remittance of Collections to the Administrative Agent or the Transferees hereunder will have been (i) in payment of a debt incurred by the Transferor in the ordinary course of the business or
financial affairs of the Transferor and the recipient thereof and (ii) made in the ordinary course of the business or financial affairs of the Transferor and the recipient thereof. The Transferor hereby assigns to the Administrative Agent, on
behalf of the Transferees, all of its rights and remedies under the Receivables Purchase Agreement with respect to the Receivables and with respect to any obligations thereunder of the Originator with respect to the Receivables. The Transferor
agrees that it shall not give any consent or waiver required or permitted to be given under the Receivables Purchase Agreement without the prior written consent of the Administrative Agent (acting at the direction of the Required APA Banks).

 SECTION 10.12. Waiver of Setoff. Each of the Administrative Agent, the Transferor, the Collection
Agent, and the Originator hereby waives any right of setoff it may have or to which it may be entitled under this Agreement from time to time against any CP Issuer or its assets. 

SECTION 10.13. Credit Agricole Conflict Waiver. Credit Agricole acts as Funding Agent, Administrative Agent and as
administrative agent for Atlantic, as issuing and paying agent for Atlantic’s Commercial Paper, as provider of other backup facilities for Atlantic, and may provide other services or facilities from time to time (the “Credit Agricole
Roles”). Each of the parties hereto hereby acknowledges and consents to any and all Credit Agricole Roles, waives any objections it may have to any actual or potential conflict of interest caused by Credit Agricole’s acting as the
Administrative Agent or as a Funding Agent or an APA Bank and acting as or maintaining any of the Credit Agricole Roles, and agrees that in connection with any Credit Agricole Role, Credit Agricole may take, or refrain from taking, any action which
it in its discretion deems appropriate. 
  

 79 

 SECTION 10.14. Liability of Funding Agents. Notwithstanding any
provision of this Agreement: (i) the Funding Agents shall not have any obligations under this Agreement other than those specifically set forth herein, and no implied obligations of the Funding Agents shall be read into this Agreement; and
(ii) in no event shall the Funding Agents be liable under or in connection with this Agreement for indirect, special, or consequential losses or damages of any kind, including lost profits, even if advised of the possibility thereof and
regardless of the form of action by which such losses or damages may be claimed. Neither the Funding Agents nor any of their directors, officers, agents or employees shall be liable for any action taken or omitted to be taken in good faith by them
under or in connection with this Agreement, except for their own gross negligence or willful misconduct. Without limiting the foregoing, the Funding Agents (a) may consult with legal counsel (including counsel for the CP Issuers), independent
public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts, (b) shall not be responsible to
the Transferees, the Transferor, the Originator or the Collection Agent for any statements, warranties or representations made in or in connection with this Agreement or the other Transaction Documents, (c) shall not be responsible to the
Transferees, the Transferor, the Originator or the Collection Agent for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or the other Transaction Documents, (d) shall incur no liability
under or in respect of any of the Commercial Paper or other obligations of the Transferees under this Agreement or the other Transaction Documents and (e) shall incur no liability under or in respect of this Agreement or the other Transaction
Documents by acting upon any notice (including notice by telephone), consent, certificate or other instrument or writing (which may be by facsimile) believed by it to be genuine and signed or sent by the proper party or parties. Notwithstanding
anything else herein or in the other Transaction Documents, it is agreed that where the Funding Agents may be required under this Agreement or the other Transaction Documents to give notice of any event or condition or to take any action as a result
of the occurrence of any event or the existence of any condition, the Funding Agents agree to give such notice or take such action only to the extent that they have actual knowledge of the occurrence of such event or the existence of such condition,
and shall incur no liability for any failure to give such notice or take such action in the absence of such knowledge. 

[Signature Pages Follow] 
  

 80 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Receivables Transfer Agreement as of the date first written above. 
  

			
	NALCO RECEIVABLES II LLC, as Transferor
		
	By:	 	 /s/ Michael P. Murphy

	Name:	 	Michael P. Murphy
	Title:	 	Secretary
	
	NALCO COMPANY, as Collection Agent
		
	By:	 	 /s/ Michael P. Murphy

	Name:	 	Michael P. Murphy
	Title:	 	Assistant Corporate Secretary

			
	 CREDIT AGRICOLE CORPORATE AND

INVESTMENT BANK, NEW YORK,

as Administrative Agent

		
	By:	 	 /s/ Sam Pilcer

	Name:	 	Sam Pilcer
	Title:	 	Managing Director
		
	By:	 	 /s/ Kostantina Kourmpetis

	Name:	 	Kostantina Kourmpetis
	Title:	 	Managing Director

			
	 The Credit Agricole Transferee Group:
  

ATLANTIC ASSET SECURITIZATION LLC, as a CP Issuer

		
	 By:
	 	 /s/ Sam Pilcer

	 Name:
	 	 Sam Pilcer

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ Kostantina Kourmpetis

	 Name:
	 	 Kostantina Kourmpetis

	 Title:
	 	 Managing Director

	
	 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, NEW YORK, as a Funding Agent

		
	 By:
	 	 /s/ Sam Pilcer

	 Name:
	 	 Sam Pilcer

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ Kostantina Kourmpetis

	 Name:
	 	 Kostantina Kourmpetis

	 Title:
	 	 Managing Director

	
	 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, NEW YORK, as an APA Bank

		
	 By:
	 	 /s/ Sam Pilcer

	 Name:
	 	 Sam Pilcer

	 Title:
	 	 Managing Director

		
	 By:
	 	 /s/ Kostantina Kourmpetis

	 Name:
	 	 Kostantina Kourmpetis

	 Title:
	 	 Managing Director

 EXHIBIT A 

SCHEDULE OF COMMITMENTS 
  

			
	Credit Agricole	  	$150,000,000

 EXHIBIT B 

CREDIT AND COLLECTION POLICY 

 EXHIBIT C 

LIST OF LOCK-BOX BANKS AND LOCK-BOX ACCOUNTS; 

LOCK-BOX AGREEMENTS 
  

					
	 Lock-Box Bank
	 	 Lock-Box Number(s)
	 	 Lock-Box Account(s)

	JPMorgan Chase Bank, N.A.	 		 	
			
	PNC Bank, National Association	 		 	

 Lock-Box Agreements as of the Effective Date 

1) Lockbox Agreement by and among JPMorgan Chase Bank, N.A., Nalco Company, the Transferor and the Administrative Agent. 

2) Lockbox Agreement by and among PNC Bank, National Association, Nalco Company, the Transferor and the Administrative Agent. 

 EXHIBIT D 

[Reserved]. 

 EXHIBIT E 

FORM OF MONTHLY REPORT 

 EXHIBIT F 

FORM OF TRANSFER CERTIFICATE 

TRANSFER CERTIFICATE 

Reference is made to the Receivables Transfer Agreement, dated as of June 22, 2010 (as amended, supplemented or
otherwise modified and in effect from time to time, the “Agreement”), by and among Nalco Receivables II LLC, as transferor (in such capacity, the “Transferor”), Nalco Company, as collection agent (in such capacity, the
“Collection Agent”), Credit Agricole Corporate and Investment Bank, New York, as Administrative Agent (the “Administrative Agent”), and others. Terms defined in the Agreement, or incorporated therein by reference, are used herein
as therein defined. 
 The Transferor hereby conveys, transfers and assigns to the Administrative Agent, for the
benefit of the Transferees, an undivided ownership interest in the Receivables and the Related Security, Collections and Proceeds with respect thereto (each, an “Incremental Transfer”). Each Incremental Transfer by the Transferor to the
Transferees, and each reduction or increase in the Net Investment in respect of each Incremental Transfer evidenced hereby, shall be indicated by the Administrative Agent on the grid attached hereto which is part of this Transfer Certificate.

 This Transfer Certificate is made without recourse except as otherwise provided in the Agreement. 

This Transfer Certificate shall be governed by, and construed in accordance with, the laws of the State of New York.

 IN WITNESS WHEREOF, the undersigned has caused this Transfer Certificate to be duly executed and delivered by
its duly authorized officer as of the date first above written. 
  

			
	NALCO RECEIVABLES II LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

 GRID 
  

			
	 Date of
 Incremental Transfer

 Incremental Transfer
 (Giving Effect
to
 Incremental Transfer)
	  	 Amount of
 Net Investment

  

 EXHIBIT G 

LIST OF ACTIONS AND SUITS 

See Nalco Holding Company Form 10-Q for the quarterly period ended March 31, 2010 

 EXHIBIT H 

LOCATION OF RECORDS 
 1601 W.
Diehl Road 
 Naperville, Illinois 60563 

 EXHIBIT I 

FORM OF SECRETARY’S CERTIFICATE 

 EXHIBIT J 

FORM OF TRANSFER/TRANCHE PERIOD REQUEST 

[Date] 
  

	To:	 Credit Agricole Corporate and Investment Bank, New York, as Administrative Agent 

 

	From:	 Nalco Receivables II LLC (the “Transferor”) 

Re:       Receivables Transfer Agreement, dated as of June 22, 2010, among the Transferor, Nalco
Company, as Collection Agent, and Credit Agricole Corporate and Investment Bank, New York, as Administrative Agent, and others (as amended, the “Agreement”) 

A. (i) Pursuant to Section 2.2 of the Agreement, the undersigned hereby requests an Incremental Transfer from the CP Issuers, in an
aggregate amount equal to the following (which shall be at least $1,000,000 or integral multiples of $100,000 in excess thereof): 
  

							
	 [Name of Purchaser]
	  	$	        	 		
	 [Name of Purchaser]
	  	$	        	 		
	 [Name of Purchaser]
	  	$	        	 		
			
	 Total:
	  			 	$	        

  

	    	(ii) The date such Incremental Transfer is requested is:             ,
20     

  

	    	(iii) After giving effect to the requested Incremental Transfer, the aggregate Net Investment will equal: 

 

							
	 [Name of Purchaser]
	  	$	        	 		
	 [Name of Purchaser]
	  	$	        	 		
	 [Name of Purchaser]
	  	$	        	 		
			
	 Total:
	  			 	$	        

  

	    	 (iv) After giving effect to the requested Incremental Transfer, the aggregate Net Investment will not exceed the Facility Limit.

 B. Tranche Period Request: 

  (i) Pursuant to Section 2.3 of the Agreement, the Transferor requests the following Tranche Period with
respect to the portions of the Net Investment or any other portion of the Transferred Interest held by any other APA Bank: 
  

						
	 APA Bank
	  	 Tranche Type
	  	Portion of the 
Net
Investment or other
portion of the
Transferred Interest
		  	 [BR Tranche]
 [Eurodollar

 Tranche with a
 duration of
                     ]
	  	$	 
		  	 [BR Tranche]
 [Eurodollar

 Tranche with a
 duration of
                     ]
	  	$	 
	Total Net Investment held by APA Banks:	  	$	 

 C. Account information for payment of Transfer Price: 

 

	    	                           
  

  

	    	                           
  

  

	    	                           
  

 D. As of the date hereof and the date of making of such Incremental Transfer: 

(i) each of the representations and warranties contained in Article III of the Agreement shall be true and correct; 

(ii) no Termination Event or Potential Termination Event has occurred and is continuing; 

(iii) the Percentage Factor does not exceed the Maximum Percentage Factor; 

(iv) the Net Investment does not exceed the Facility Limit; and 

(v) the Termination Date has not occurred. 

Capitalized terms used but not defined herein shall have the meanings given to them in the Agreement. 

The undersigned certifies to the accuracy of the foregoing. 

 

			
	NALCO RECEIVABLES II LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT K 

FORM OF REDUCTION NOTICE 

REDUCTION NOTICE 

[Date] 
  

	To:	Credit Agricole Corporate and Investment Bank, New York, as Administrative Agent 

	    	[Name of Funding Agent], as Funding Agent 

  

	From:	Nalco Receivables II LLC (“Transferor”) 

Re:      Receivables Transfer Agreement dated as of June 22, 2010, among the Transferor, Nalco
Company, as Collection Agent, Atlantic Asset Securitization LLC, and Credit Agricole Corporate and Investment Bank, New York, as Administrative Agent (the “Agreement”) 

 

								
	A	 	(i)	  	Pursuant to Section 2.6(a) of the Agreement, the undersigned hereby requests a reduction in the Group Net Investment from [CP ISSUER], as CP Issuer, in an amount equal to the
following (which shall be at least $500,000 or an amount that is an integral multiple of $100,000):	  	$	        
		 	(ii)	  	The date such reduction is requested is:	  		
		 	(iii)	  	The Group Net Investment of [CP ISSUER], as CP Issuer, under the Agreement after giving effect to the requested reduction under (i) above will equal:	  	$	        
		 	(iv)	  	The amount in (iii) above does not exceed the Group Facility Limit of [CP ISSUER], as CP Issuer, which equals:	  	$	        

Capitalized terms used but not defined herein shall have the meanings given to them in the Agreement. 

 The undersigned certifies to the accuracy of the foregoing. 

 

			
	NALCO RECEIVABLES II LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

 SCHEDULE I 

ASSIGNMENTS TO APA BANKS 

(a) Assignment Amounts. At any time on or prior to the Scheduled Commitment Expiry Date, if the Funding Agent on
behalf of the CP Issuer so elects, by written notice to the Agent, the Transferor shall be deemed to have irrevocably requested and directed that the CP Issuer assign, and the CP Issuer shall assign effective on the Assignment Date referred to below
all or such portions as may be elected by the CP Issuer of, its interest in the Net Investment and the Transferred Interest at such time to the APA Banks pursuant to Section 10.7. No further documentation or action on the part of the CP
Issuer or the Transferor shall be required to exercise the rights set forth in the immediately preceding sentence, other than the giving of the notice by the Funding Agent on behalf of the CP Issuer referred to in such sentence and the delivery by
the Administrative Agent of a copy of such notice to each APA Bank (the date of the receipt by the Administrative Agent of any such notice being the “Assignment Date”). Each APA Bank hereby agrees, unconditionally and irrevocably
and under all circumstances, without setoff, counterclaim or defense of any kind, to pay the full amount of its Assignment Amount (as defined below) on such Assignment Date to the CP Issuer in immediately available funds to an account designated by
the Administrative Agent. Upon payment of its Assignment Amount, each APA Bank shall acquire an interest in the Transferred Interest and the Net Investment equal to its pro rata share (based on the outstanding portions of the Net
Investment funded by it) of the APA Bank Percentage thereof. Upon any assignment in whole by the CP Issuer to the APA Banks on or after the Conduit Investment Termination Date as contemplated hereunder, the CP Issuer shall cease to acquire any
additional Transferred Interests hereunder. At all times prior to the Conduit Investment Termination Date, nothing herein shall prevent the CP Issuer from acquiring additional Transferred Interests hereunder, in its sole discretion, following any
assignment pursuant to Section 10.7 or from making more than one assignment pursuant to Section 10.7. 

(b) Administration of Agreement after Assignment from CP Issuer to APA Banks following the Conduit Investment
Termination Date. After any assignment in whole by the CP Issuer to the APA Banks pursuant to Section 10.7 at any time on or after the Conduit Investment Termination Date (and the payment of all amounts owing to the CP Issuer in connection
therewith), all rights of the Funding Agent set forth herein shall be given to the Administrative Agent on behalf of the APA Banks instead of the Funding Agent. 

(c) Payments to Administrative Agent’s Account. After any assignment in whole by the CP Issuer to the APA
Banks pursuant to Section 10.7 at any time on or after the Conduit Investment Termination Date, all payments to be made hereunder by the Transferor or the Collection Agent to the CP Issuer shall be made to the Administrative Agent’s
account as such account shall have been notified to the Transferor and the Collection Agent. 
 (d) Recovery
of Net Investment. In the event that the aggregate of the Assignment Amounts paid by the APA Banks pursuant to Section 10.7 on any Assignment Date occurring on or after the Conduit Investment Termination Date is less than the Net Investment
of the CP Issuer on such Assignment Date, then to the extent Collections thereafter received by the Administrative Agent hereunder in respect of the Net Investment exceed the aggregate of the unrecovered Assignment Amounts and Net Investment funded
by the APA Banks, such excess shall be remitted by the Administrative Agent to the CP Issuer (or to the Funding Agent on its behalf) for the account of the CP Issuer.  

 For purposes of this Schedule I, capitalized terms used herein and not
defined in the Receivables Transfer Agreement shall have the following meanings: 
 “APA Bank
Percentage” means, at any time, a fraction, expressed as a percentage, the numerator of which is the portion of the Net Investment funded by the APA Banks and the denominator of which is the Net Investment at such time; provided that
at all times on and after the first Assignment Date occurring on or after the Conduit Investment Termination Date, the APA Bank Percentage means 100%. 

“Assignment Amount” means, with respect to an APA Bank at the time of any assignment pursuant to
Section 10.7, an amount equal to the lesser of (a) such APA Bank’s Pro Rata Share of the Net Investment requested by the CP Issuer to be assigned at such time; (b) such APA Bank’s unused Commitment (minus the
unrecovered principal amount of such APA Bank’s investments in the Transferred Interest pursuant to the Program Support Agreement to which it is a party); and (c) in the case of an assignment on or after the Conduit Investment Termination
Date, the sum of such APA Bank’s Pro Rata Share of the CP Issuer Percentage of (i) the aggregate unpaid principal balance of the Receivables (other than Defaulted Receivables), plus (ii) all Collections received by the
Collection Agent but not yet remitted by the Collection Agent to the Administrative Agent, plus (iii) any amounts in respect of Deemed Collections required to be paid by the Transferor at such time. 

“Conduit Investment Termination Date” means the date of the delivery by the CP Issuer to the Transferor
of written notice that the CP Issuer elects, in its sole discretion, to commence the amortization of the Net Investment funded by it or otherwise liquidate its interest in the Transferred Interest. 

“CP Issuer Percentage” means at any time, 100%, less the APA Bank Percentage at such time.

 SCHEDULE II 

17G-5 REPRESENTATIVES 
 Anil
ThomasReceivables Purchase Agreement

 Exhibit 10.2 

RECEIVABLES PURCHASE AGREEMENT 

Dated as of June 22, 2010 

among 
 NALCO
COMPANY 
 as Seller 

and 
 NALCO
RECEIVABLES II LLC 
 as Buyer 

 TABLE OF CONTENTS 

 

					
	 	 	 	  	Page
	ARTICLE I.        DEFINITIONS	  	1
			
	 SECTION 1.01.
	 	Certain Defined Terms, Incorporation of Definitions from Receivables Transfer Agreement	  	1
	 SECTION 1.02.
	 	Other Terms	  	6
		
	 ARTICLE II.        AMOUNTS AND TERMS OF PURCHASES
	  	6
			
	 SECTION 2.01.
	 	Agreement to Purchase	  	6
	 SECTION 2.02.
	 	Payment for the Purchases	  	7
	 SECTION 2.03.
	 	Purchase Price Credit Adjustments	  	8
	 SECTION 2.04.
	 	Payments and Computations, Etc	  	9
	 SECTION 2.05.
	 	Transfer of Records	  	10
	 SECTION 2.06.
	 	Characterization; Grant of Security Interest	  	11
	 SECTION 2.07.
	 	No Repurchase	  	11
	 SECTION 2.08.
	 	Intercompany Note	  	12
	 SECTION 2.09.
	 	Certain Allocations	  	12
		
	ARTICLE III.        CONDITIONS OF PURCHASES	  	12
			
	 SECTION 3.01.
	 	Conditions Precedent to Initial Purchase from the Seller	  	12
	 SECTION 3.02.
	 	Conditions Precedent to All Purchases	  	13
	 SECTION 3.03.
	 	Condition Precedent to Seller’s Obligations	  	13
		
	 ARTICLE IV.        REPRESENTATIONS AND WARRANTIES
	  	14
			
	 SECTION 4.01.
	 	Representations and Warranties of the Seller	  	14
	 SECTION 4.02.
	 	Representations and Warranties of the Buyer	  	18
		
	ARTICLE V.        COVENANTS	  	19
			
	 SECTION 5.01.
	 	Covenants of the Seller	  	19
		
	ARTICLE VI.        ADMINISTRATION AND COLLECTION	  	23
			
	 SECTION 6.01.
	 	Designation of Collection Agent	  	23
	 SECTION 6.02.
	 	Certain Rights of the Buyer	  	23
	 SECTION 6.03.
	 	Rights and Remedies	  	24
		
	ARTICLE VII.        EVENTS OF TERMINATION	  	24
			
	 SECTION 7.01.
	 	Events of Termination	  	24

  

 i 

					
	 ARTICLE VIII.        INDEMNIFICATION
	  	25
			
	 SECTION 8.01.
	 	Indemnities by the Seller	  	25
		
	 ARTICLE IX.          MISCELLANEOUS
	  	27
			
	 SECTION 9.01.
	 	Amendments, Etc	  	27
	 SECTION 9.02.
	 	Notices, Etc	  	27
	 SECTION 9.03.
	 	Binding Effect; Assignability	  	27
	 SECTION 9.04.
	 	Costs, Expenses and Taxes	  	28
	 SECTION 9.05.
	 	No Proceedings	  	28
	 SECTION 9.06.
	 	GOVERNING LAW	  	28
	 SECTION 9.07.
	 	Third Party Beneficiary	  	29
	 SECTION 9.08.
	 	Restriction on Payments; Waiver of Setoff	  	29
	 SECTION 9.09.
	 	Execution in Counterparts	  	29
	 SECTION 9.10.
	 	Integration; Survival of Termination	  	29
	 SECTION 9.11.
	 	Consent to Jurisdiction	  	30
	 SECTION 9.12.
	 	WAIVER OF JURY TRIAL	  	30
	 SECTION 9.13.
	 	Conditions to Effectiveness	  	30

  

			
	 EXHIBITS AND SCHEDULES

		
	 SCHEDULE I
	  	Notice Addresses
	 SCHEDULE II
	  	Litigation Disclosure
	 SCHEDULE III
	  	Taxes
	 EXHIBIT A
	  	Lock-Box Banks
	 EXHIBIT B
	  	Form of Intercompany Note
	 EXHIBIT C
	  	Trade Names and Former Names; Taxpayer Identification Number and Organizational Identification Number

 

 ii 

 RECEIVABLES PURCHASE AGREEMENT 

Dated as of June 22, 2010 

NALCO COMPANY, a Delaware corporation (“Nalco Company”), as seller (the “Seller”), and
NALCO RECEIVABLES II LLC, a Delaware limited liability company, as buyer (the “Buyer”), agree as follows: 

PRELIMINARY STATEMENTS. 

(1) The Seller intends to sell irrevocably all of its right, title and interest in, to and under the Receivables and the
Receivables Property now existing or hereafter created to the Buyer on the terms and subject to the conditions set forth in this Agreement; 

(2) The Buyer desires to purchase irrevocably all of the Seller’s right, title and interest in, to and under the
Receivables and the Receivables Property now existing or hereafter created from the Seller on the terms and subject to the conditions set forth in this Agreement; 

(3) The Seller and the Buyer intend that the transfer of the Receivables and the Receivables Property from the Seller to
the Buyer be a true sale (and not a secured financing) providing the Buyer with the full benefits of ownership of the Receivables and the Receivables Property; 

(4) To obtain the necessary funds to purchase the Receivables and Receivables Property, the Buyer has entered into the
Receivables Transfer Agreement, pursuant to which it will sell an undivided interest in the Receivables and Receivables Property to the Transferees; and 

(5) Nalco Company has been appointed to act as the Collection Agent in respect of the Purchased Receivables pursuant to
the Receivables Transfer Agreement. 
 NOW, THEREFORE, in consideration of the premises and of the mutual
covenants and agreements contained herein, the parties agree as follows: 
 ARTICLE I. DEFINITIONS 

SECTION 1.01. Certain Defined Terms, Incorporation of Definitions from Receivables Transfer Agreement. Capitalized
terms used and not otherwise defined herein have the meanings specified in the Receivables Transfer Agreement (as defined below). The following terms shall have the following meanings (such meanings to be equally applicable to both the singular and
plural forms of the terms defined): 
 “Agreement” means this Receivables Purchase Agreement,
as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Aggregate Purchase Price” has the meaning specified in Section 2.04(c). 

“Cash Payments” has the meaning specified in Section 2.04(c). 

 “Collection Agent” means Nalco Company in its capacity as
collection agent under the Receivables Transfer Agreement, and any successor thereto in such capacity. 

“Collections” means, with respect to any Receivable, all cash collections and other cash proceeds of
such Receivable, including, without limitation, all Deemed Collections, Finance Charges, if any, and cash proceeds of Related Security with respect to such Receivable. 

“Contract” means an agreement or invoice pursuant to or under which an Obligor shall be obligated to pay
for merchandise purchased or services rendered. 
 “Discount” means, in respect of each
Purchase, the Discount Percentage multiplied by the Outstanding Balance of the Receivables that are the subject of such Purchase. 

“Discount Percentage” shall mean, as of any Purchase Date, the percentage obtained from the following
formula (all determined by the Buyer as of the related Purchase Date): 
 (LR + ACRP + ASFP + AP) 

 

			
	Where
		
	 LR =
	  	 the product of (i) 1.1 and (ii) the average Loss-to-Liquidation Ratio for the three (3) Monthly Settlement Periods immediately preceding such Purchase Date.

		
	 ACRP =
	  	 the “Adjusted Carrying Cost Reserve Percentage”, defined as the ratio (expressed as a percentage) obtained by dividing (a) the product of (i) the
average of the DSO for the three (3) Monthly Settlement Periods immediately preceding such Purchase Date (the “Average DSO”) and (ii) the Base Rate as of the most recent Monthly Settlement Period by (b) 365.

		
	 ASFP =
	  	 the “Adjusted Servicing Fee Percentage”, defined as the ratio (expressed as a percentage) obtained by dividing (a) the product of the Average DSO
times the Servicing Fee Percentage, by (b) 360.

		
	 AP =
	  	 the “Additional Percentage,” defined as 0.10%.

provided that none of the elements of the above-referenced formula, in respect of any purchase of Receivables, will be adjusted following
the related Purchase Date. 
 “Effective Date” means June 22, 2010, or the date on which
the conditions set forth in Section 3.01 and Section 9.13 have been satisfied. 
  

 2 

 “ERISA Event” means (a) any Reportable Event;
(b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of
the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Seller, a Subsidiary of the Seller or any ERISA Affiliate of the Seller of any liability
under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Seller, a Subsidiary of the Seller or any ERISA Affiliate of the Seller from the Pension Benefit Guaranty Corporation or a plan administrator of any
notice relating to an intention to terminate any Plan or to appoint a trustee to administer any Plan under Section 4042 of ERISA; (f) the incurrence by the Seller, a Subsidiary of the Seller or any ERISA Affiliate of the Seller of any
liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Seller, a Subsidiary of the Seller or any ERISA Affiliate of the Seller of any notice, or the receipt by any
Multiemployer Plan from the Seller, any such Subsidiary or any such ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in
reorganization, within the meaning of Title IV of ERISA. 
 “Excluded Receivable” means any
indebtedness owed to the Seller (x) by an Obligor which is a Sanctioned Entity or a Sanctioned Person or (y) which has been generated in a country which is a Sanctioned Entity. 

“Incipient Termination Event” means an event that but for notice or lapse of time or both would
constitute a Termination Event. 
 “Indemnified Amounts” has the meaning specified in
Section 8.01. 
 “Indemnified Parties” has the meaning specified in Section 8.01.

 “Intercompany Note” means that certain Intercompany Note, substantially in the form of
Exhibit B, issued by Nalco Receivables LLC to Nalco Company pursuant to that certain Amended and Restated Receivables Purchase Agreement, dated as of June 22, 2007 between Nalco Company, as seller, and Nalco Receivables LLC, as buyer, as
amended pursuant to and assumed by the Buyer as of the Effective Date under the Sale Agreement, dated as of the date hereof, among Nalco Receivables LLC, as seller, Nalco Company and Nalco Receivables II LLC, as buyer. 

“Loss-to-Liquidation Ratio” means, on any Monthly Report Date and continuing until (but not including)
the next Monthly Report Date, the ratio (expressed as a percentage) of (i) the aggregate Outstanding Balance of all Receivables that became Charged-Off Receivables during the immediately preceding Monthly Settlement Period to (ii) the
aggregate amount of Collections of Receivables actually received during the immediately preceding Monthly Settlement Period. 

“Modified Aggregate Purchase Price” has the meaning specified in Section 2.04(c). 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which
the Seller, a Subsidiary of the Seller or any ERISA Affiliate (other than one considered an ERISA Affiliate only pursuant to subsection (m) or (o) of Code Section 414) is making or accruing an obligation to make contributions, or has
within any of the preceding five plan years made or accrued an obligation to make contributions. 
  

 3 

 “Non-Payment Event” has the meaning specified in
Section 2.01(b). 
 “Obligor” means a Person obligated to make payments for the provision
of goods and services pursuant to a Contract. 
 “OFAC” means The Office of Foreign Assets
Control of the U.S. Department of the Treasury. 
 “Person” means an individual, partnership,
corporation (including a business trust), limited liability company, joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof. 

“Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the
provisions of Title IV of ERISA or Section 412 of the Code and in respect of which the Seller, a Subsidiary of the Seller or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an
“employer” as defined in Section 3(5) of ERISA. 
 “Purchase” means a purchase
by the Buyer of Receivables from the Seller pursuant to Article II. 
 “Purchase Date” means
each day on which a Purchase is made pursuant to Article II. 
 “Purchased Receivable” means
any Receivable which is purchased by the Buyer pursuant to Article II. 
 “Purchase Price” for
any Purchase pursuant to Article II means an amount equal (a) to the Outstanding Balance of the Receivables that are the subject of such Purchase, minus (b) the Discount for such Purchase. 

“Purchase Price Credit” has the meaning specified in Section 2.03. 

“Purchase Settlement Period” has the meaning specified in Section 2.04(c). 

“Receivable” means the indebtedness owed to the Seller by an Obligor under a Contract whether
constituting an account, chattel paper, instrument, investment property or general intangible, arising in connection with the sale or lease of merchandise or the rendering of services by the Seller, and includes the right to payment of any Finance
Charges and other obligations of such Obligor with respect thereto. Notwithstanding the foregoing, the term “Receivable” shall not include any indebtedness constituting an Excluded Receivable. 

“Receivables Property” has the meaning specified in Section 2.01(a). 

 

 4 

 “Receivables Transfer Agreement” means that certain
Receivables Transfer Agreement, dated as of June 22, 2010, among the Buyer, the Collection Agent, Credit Agricole Corporate and Investment Bank, New York (Credit Agricole CIB, New York), as administrative agent and the several transferees and
funding agents parties thereto from time to time, as amended, restated or otherwise modified from time to time. 

“Records” has the meaning specified in Section 2.05(a). 

“Related Security” with respect to any Receivable shall mean the rights of the related Seller in, to and
under: 
 (a) all of the Seller’s interest, if any, in the merchandise (including returned or repossessed
merchandise), if any, the sale of which by the Seller gave rise to such Receivable excluding any of the foregoing which secures Indebtedness under the Credit Agreement or, to the extent any Indebtedness is outstanding under the 2003 Credit
Agreement, the 2003 Credit Agreement; 
 (b) all other security interests or liens and property subject thereto
from time to time, if any, purporting to secure payment of such Receivable, whether pursuant to the Contract related to such Receivable or otherwise, together with all financing statements authorized by an Obligor describing any collateral securing
such Receivable; 
 (c) all guarantees, indemnities, warranties, insurance (and proceeds and premium refunds
thereof) or other Agreements or arrangements of any kind from time to time supporting or securing payment of such Receivable whether pursuant to the Contract related to such Receivable or otherwise; 

(d) all Records related to such Receivable; and 

(e) all Proceeds of any of the foregoing. 

“Reportable Event” means any reportable event as defined in Section 4043(c) of ERISA or the
regulations issued thereunder, other than those events as to which the 30-day notice period referred to in Section 4043(c) of ERISA has been waived, with respect to a Plan (other than a Plan maintained by an ERISA Affiliate that is considered
an ERISA Affiliate only pursuant to subsection (m) or (o) of Section 414 of the Code). 

“Sanctioned Entity” means (a) a country or a government of a country, (b) an agency of the
government of a country, (c) an organization directly or indirectly controlled by a country or its government, or (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions
program administered and enforced by OFAC. 
 “Sanctioned Person” means a person named on the
list of Specially Designated Nationals maintained by OFAC. 
 “Settlement Date” means each
Reporting Date. 
 “Termination Date” means the earliest of (i) the “Termination
Date” under and as defined in the Receivables Transfer Agreement, (ii) the date on which the Termination Date is declared or automatically occurs pursuant to Section 7.01 and (iii) the date specified by the Seller pursuant to
Section 2.04(c)(ii) on which the Seller shall cease to sell Receivables to the Buyer hereunder. 
  

 5 

 “Termination Event” has the meaning specified in
Section 7.01. 
 “Withdrawal Liability” shall mean liability to a Multiemployer Plan as a
result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

SECTION 1.02. Other Terms. All accounting terms not specifically defined herein shall be construed in accordance
with GAAP. All terms used in Article 9 of the UCC in the State of New York, as in effect on the date hereof and not specifically defined herein, are used herein as defined in such Article 9. Unless otherwise expressly indicated, all references
herein to “Article,” “Section,” “Schedule” or “Exhibit” means articles and sections of, and schedules and exhibits to, this Agreement. Headings are for purposes of reference only and shall not otherwise affect
the meaning or interpretation of any provision hereof. 
 ARTICLE II. AMOUNTS AND TERMS OF PURCHASES 

SECTION 2.01. Agreement to Purchase. (a) On each Purchase Date occurring from and after the Effective Date,
upon the terms and subject to the conditions hereof, the Seller hereby sells, assigns, transfers and conveys to the Buyer, without recourse (except to the limited extent provided herein), all its respective present and future right, title and
interest in, to and under: 
 (i) all Receivables existing on the Effective Date and thereafter
arising from time to time until the Termination Date; 
 (ii) all Collections with respect
thereto; and 
 (iii) all Related Security with respect thereto 

(the property described in the foregoing clauses (ii) and (iii) are hereinafter collectively referred to as the
“Receivables Property”). Subject to the terms and conditions set forth herein, the Buyer hereby agrees to purchase the Receivables and Receivables Property of the Seller from time to time until the Termination Date. 

(b) On the Effective Date and on the date of creation of each newly arising Receivable, all of the Seller’s right,
title and interest in, to and under (i) in the case of the Effective Date, all then existing Receivables and all Receivables Property with respect thereto and (ii) in the case of each such date of creation (but only so long as the
Termination Date has not occurred), all such newly created Receivables and all Receivables Property with respect thereto shall be immediately and automatically sold, assigned, transferred and conveyed to the Buyer pursuant to Section 2.01(a)
above without any further action by the Seller or any other Person. If the Seller shall not have received payment from the Buyer of the Purchase Price for any Purchased Receivable and the related Receivables Property on the Purchase Date therefor in
accordance with the terms of and by the time specified in Section 2.02(c) (a “Non-Payment Event”), whether or not the conditions set forth in Article III have been fulfilled, such Purchased Receivable and the Receivables
Property with respect thereto shall, upon receipt of notice from the Seller of such failure to receive payment (which notice shall be provided only on the applicable Purchase Date and may not be delivered at any time thereafter), immediately and
automatically be sold, assigned, transferred and reconveyed by the Buyer to the Seller without any further action by the Buyer or any other Person. 
  

 6 

 (c) It is the intention of the parties hereto that each Purchase of
Receivables made hereunder shall be treated as a purchase by the Buyer and a sale by the Seller of such Receivables and the Receivables Property with respect thereto, which sales are absolute and irrevocable and provide the Buyer with the full
benefits of ownership of the Receivables. Each sale of Receivables hereunder is made without recourse to the Seller; provided, however, that (i) the Seller shall be liable to the Buyer for all representations, warranties,
covenants and indemnities made by the Seller pursuant to the terms of this Agreement, and (ii) such sale does not constitute and is not intended to result in an assumption by the Buyer or any assignee thereof of any obligation of the Seller or
any other Person arising in connection with the Receivables or Receivables Property or any other obligations of the Seller. 

(d) In connection with the foregoing sale, the Seller hereby authorizes Buyer and its assigns to record and file from
time to time, at the Seller’s expense, a financing statement or statements with respect to (i) the Receivables sold or to be sold by the Seller hereunder and (ii) the Receivables Property with respect thereto, in each case meeting the
requirements of applicable state law in such manner and in such jurisdictions as are necessary to perfect and protect the interests of the Buyer created hereby under the UCC against all creditors of the Seller. In addition, the Seller agrees that
from time to time, at its expense, it will promptly, upon request, execute and deliver all further instruments and documents, and take all further actions that the Buyer or the Administrative Agent may reasonably request, in order to perfect,
protect or more fully evidence the purchase by the Buyer of the Receivables and the Receivables Property with respect thereto, an interest in which may be perfected by filing a financing statement under the UCC. In view of the intention of the
parties hereto that the Purchases of Receivables made hereunder shall constitute sales of such Receivables rather than a loan secured by such Receivables, the Seller agrees, at its own expense, on or prior to the Effective Date, to (i) indicate
clearly and unambiguously in its computer files that all Receivables and all Receivables Property with respect thereto have been or will be conveyed to the Buyer pursuant to this Agreement and (ii) note in its accounting records that the
Receivables have been sold to the Buyer. 
 SECTION 2.02. Payment for the Purchases. (a) The
Purchase Price for each Purchase from the Seller shall be payable in full by the Buyer to the Seller or its designee on each Purchase Date and shall be paid to the Seller in the manner provided in this Article II. 

(b) Upon the fulfillment of the conditions set forth in Article III, the Purchase Price for Receivables shall be paid or
provided for (without duplication) by the Buyer in the manner provided in Section 2.02(c) below on the date of the initial Purchase from the Seller and on each Purchase Date thereafter until the Termination Date. 

 

 7 

 (c) The Purchase Price for Receivables shall be paid by the Buyer on each
Purchase Date (including the initial Purchase Date) as follows: 
 (i) by netting the amount of
any Purchase Price Credits pursuant to Section 2.03 against such Purchase Price; 
 (ii) to
the extent available for such purpose (as determined by the Buyer), in cash; and 
 (iii) by
means of an addition to the principal amount of the Intercompany Note in an aggregate amount up to the remaining portion of the Purchase Price. The Seller may evidence such additional principal amounts by recording the date and amount thereof on the
grid attached to the Intercompany Note; provided, however, that the failure to make any such recordation or any error in such grid shall not adversely affect the Seller’s rights. 

(d) The Seller shall be responsible, in accordance with Section 2.02(a), for allocating the payment of the Purchase
Price for Receivables and any amounts netted therefrom pursuant to Section 2.02(c)(i) or credited to the Seller in the form of cash to be paid pursuant to Sections 2.02(c)(ii) or in the form of an addition to the principal amount of the
Intercompany Note pursuant to Section 2.02(c)(iii). All amounts payable by the Buyer in respect of the Purchase Price of Receivables shall be paid by the Buyer to an account of the Seller. 

(e) Prior to the date on which the Collection Agent must prepare and deliver any report pursuant to Section 2.11 of
the Receivables Transfer Agreement, the Seller and the Buyer will make available to the Collection Agent all information necessary for the preparation of such report including, without limitation, (i) information regarding all Purchases and
Purchase Price Credits occurring during the calendar month (or week, as applicable) to be covered in such report, (ii) the aggregate original Outstanding Balance of the Receivables sold by the Seller during such calendar month (or week, if
applicable), the aggregate Purchase Price for such Receivables sold by the Seller and the components of payment as provided in Section 2.02(c) above and in connection therewith, the Buyer and the Seller shall, after giving effect to the
application of payments provided in Sections 2.02(c) and 2.04(b) in respect of such calendar month (or week, if applicable) reconcile the amounts owed to each other in respect of that period as provided in Section 2.04(c). 

SECTION 2.03. Purchase Price Credit Adjustments. If on any day (i) any Receivable originated by the Seller
becomes a Diluted Receivable, or (ii) any of the representations or warranties set forth in this Agreement is not true with respect to any Purchased Receivable or the Buyer’s interest therein, then, in such event, the Buyer shall be
entitled to a credit (a “Purchase Price Credit”) against the Purchase Price otherwise payable to the Seller hereunder in respect of thereafter created Purchased Receivables equal to the full amount of such Diluted Receivable (in the
case of clause (i) above) or equal to the Outstanding Balance of the applicable Purchased Receivable (in the case of clause (ii) above); provided that no Purchase Price Credit shall be granted or paid by the Seller in the case of
clause (ii) above unless requested by the Buyer (which request must be made within six (6) months following the date the Buyer receives notice of such breach from the applicable Seller). If the aggregate Purchase Price Credits in respect
of the Seller exceeds the Purchase Price in respect of the Receivables of the Seller payable on any Purchase Date, or if the Termination Date has occurred, then the Seller agrees to pay the remaining amount of such Purchase Price Credit to the Buyer
in cash on or prior to the first Settlement Date to occur after the date on which such Purchase Price Credit arises. Simultaneously with the granting or payment of any Purchase Price Credit by the Seller in respect of a Purchased Receivable under
clause (ii) above, such Purchased Receivable and the Receivables Property with respect thereto shall immediately and automatically be sold, assigned, transferred and reconveyed (without recourse) by the Buyer to the Seller without any further
action by the Buyer or any other Person. 
  

 8 

 SECTION 2.04. Payments and Computations, Etc. (a) All amounts to
be paid or deposited by the Buyer hereunder shall be paid or deposited in accordance with the terms hereof by no later than 12:00 noon (New York time) on the day when due in immediately available funds to the account of the Seller designated from
time to time by the Seller or as otherwise directed by the Seller. All amounts to be paid or deposited by the Seller hereunder shall be paid or deposited in accordance with the terms hereof by no later than 11:00 A.M. (New York time) on the day when
due in immediately available funds to the account of the Buyer designated from time to time by the Buyer or as otherwise directed by the Buyer. All payments hereunder shall be made solely in Dollars unless otherwise specified herein. In the event
that any payment owed by any Person hereunder becomes due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment. The
Seller shall, to the extent permitted by law, pay interest on any amount not paid or deposited by the Seller when due, at an interest rate equal to 2.0% per annum above the Base Rate, payable on demand. The Buyer shall, to the extent permitted
by law, pay interest on any amount not paid or deposited by the Buyer when due hereunder at an interest rate equal to 2.0% per annum above the Base Rate, payable on demand provided, however, that any payments to be made by the
Buyer in respect of the foregoing shall be made solely from funds available to the Buyer which are not otherwise required to be applied or set-aside for the payment of any obligations of the Buyer under the Receivables Transfer Agreement, shall be
non-recourse other than with respect to such funds and shall not constitute a claim against the Buyer to the extent that insufficient funds exist to make such payment. All computations of interest payable hereunder shall be made on the basis of a
year of 365 (or 366, as applicable) days for the actual number of days (including the first but excluding the last day) elapsed. 

(b) All amounts received by the Seller from the Buyer shall be applied in the following order of payment during each
calendar week and prior to the first Settlement Date to occur after such week: 
 (x) first, to pay any
amounts payable pursuant to 2.02(c)(ii); 
 (y) second, to make payments of interest on, and then
principal of the Intercompany Note in accordance with Section 2.07 and the Intercompany Note; and 
 (z)
third, in such manner as the Buyer may specify. 
  

 9 

 (c) On each Settlement Date: 

(i) the Seller shall determine the aggregate Purchase Price (the “Aggregate Purchase
Price”) for all Receivables and Receivables Property conveyed by the Seller to the Buyer during the preceding calendar week or, in the case of the Termination Date, during the period from the end of the preceding calendar week to the
Termination Date (each such period, a “Purchase Settlement Period”); provided, that the final Purchase Settlement Period shall commence on the day following the most recently ended Purchase Settlement Period and shall end on
the Termination Date; 
 (ii) if on any Settlement Date, the Aggregate Purchase Price for the
related Purchase Settlement Period minus the aggregate amount of Purchase Price Credits for such Purchase Settlement Period (such difference, the “Modified Aggregate Purchase Price”) exceeds the amount of Collections and other cash
payments received by the Seller as provided herein for such Purchase Settlement Period (such amount, the “Cash Payments”), the Seller shall, subject to the terms of this Agreement and to the extent it has not already done so, record
the increase in the principal amount outstanding under the Intercompany Note up to the amount of such excess, and if any excess remains after giving effect to the increase in the principal amount of the Intercompany Note, the Seller may declare the
Termination Date to have occurred by delivering notice to that effect to the Buyer and the Administrative Agent; 

(iii) if on any Settlement Date, the Cash Payments for the related Purchase Settlement Period exceed the
Modified Aggregate Purchase Price for such Purchase Settlement Period, the Seller shall, subject to the terms of this Agreement, record the application of that excess, (x) first, to the payment of unpaid and accrued interest on the
Intercompany Note, as applicable, (y) second, as a reduction in the principal amount of the Intercompany Note, as applicable, and, (z) third, in such other manner as the Buyer may specify. 

SECTION 2.05. Transfer of Records. (a) In connection with the Purchases of Receivables hereunder, the Seller
hereby sells, transfers, assigns and otherwise conveys to the Buyer all of the Seller’s right and title to and interest in all documents, books, records and other information (including, without limitation, computer programs, tapes, discs,
punch cards, data processing software and related property and rights) and rights under the provisions of, and rights to access, use and possess, the Contracts relating to the Receivables maintained with respect to Receivables and the related
Obligors (collectively, the “Records”), without the need for any further documentation in connection with any Purchase hereunder. In connection with such transfer, the Seller hereby grants to each of the Buyer and its assigns and
the Collection Agent an irrevocable, non-exclusive license (subject to the restrictions contained in any license with respect thereto) to use, without royalty or payment of any kind, all computer software and programs used by the Seller to account
for the Receivables, to the extent necessary or desirable to administer or service the Receivables, whether such software and programs are owned by the Seller or are owned by others and used by the Seller under license agreements with respect
thereto; provided, that should the consent of any licensor of the Seller to such grant of the license described herein be required, the Seller hereby agrees that upon the request of the Buyer or the Collection Agent to use its best efforts to
obtain the consent of such third-party licensor. The license granted hereby shall be irrevocable, and shall not terminate until the date on which all Purchased Receivables have been collected or written off. To the extent that direct on-line access
by the Buyer or the Collection Agent to the computer programs and software subject to license agreements would require additional payments for access thereto by the Buyer or the Collection Agent or is prohibited by such license agreements and Nalco
Company is no longer the Collection Agent, the Seller hereby agrees to download, prepare and distribute, promptly and effectively, all data relating to the Receivables in usable form as reasonably requested by the Buyer and/or the Collection Agent
from time to time. If the Seller fails to produce such data in a prompt and effective manner, the Buyer and the Collection Agent may have access to programs and software to create such records, then the Seller shall incur and pay such additional
license costs and expenses with respect to the granting of such access. In recognition of needs of the Seller to have access to the Records which have been transferred to the Buyer hereunder, whether as a result of its continuing business
relationship with any Obligor for Purchased Receivables or as a result of its responsibilities as a Collection Agent, the Buyer hereby grants to the Seller an irrevocable license to access the Records transferred by the Seller to the Buyer and to
access any such transferred computer software and programs in connection with any activity arising in the ordinary course of the Seller’s business or in performance of the Seller’s duties as a Collection Agent, provided,
however, that the Seller shall not disrupt or otherwise interfere with the Buyer’s or the Collection Agent’s use of and access to the Records and its computer software and programs during such license period. 

 

 10 

 (b) The Seller shall take such action requested by the Buyer and/or any of
the Buyer’s assignees, from time to time hereafter, that may be necessary to ensure that the Buyer and its assigns have an enforceable ownership interest in the Records relating to the Purchased Receivables purchased from the Seller hereunder.

 SECTION 2.06. Characterization; Grant of Security Interest. If, notwithstanding the intention of the
parties expressed in Section 2.01(c), the conveyance by the Seller to the Buyer of Receivables hereunder shall be characterized as a secured loan and not a sale, this Agreement shall constitute a security agreement under applicable law. For
this purpose, the Seller hereby grants to the Buyer a security interest in all of the Seller’s right, title and interest, whether now owned or hereafter acquired, in, to and under all Receivables and the Receivables Property with respect
thereto, which security interest shall secure all obligations of the Seller hereunder. Furthermore, in the event the sale of Receivables hereunder is characterized other than as a sale, each of the Buyer and the Seller represents, as to itself, that
each remittance of Collections by the Seller to the Buyer or its assignees under this Agreement will have been (i) in payment of a debt incurred by the Seller in the ordinary course of business or financial affairs of the Seller and the Buyer
and (ii) made in the ordinary course of business or financial affairs of the Seller and the Buyer. After any Termination Event, the Buyer and its assignees shall have, in addition to the rights and remedies which they may have under this
Agreement, all other rights and remedies against the Seller provided to a secured party after default in a transaction which is a sale of accounts under the UCC and other applicable Law, which rights and remedies shall be cumulative. 

SECTION 2.07. No Repurchase. Except to the extent expressly set forth herein, the Seller shall not have any right
or obligation under this Agreement, by implication or otherwise, to repurchase from the Buyer any Purchased Receivables or to rescind or otherwise retroactively affect any Purchase of any Purchased Receivable after it is sold to the Buyer hereunder.

  

 11 

 SECTION 2.08. Intercompany Note. (a) The aggregate principal
amount of the Intercompany Note at any time shall be equal to the difference between (i) the aggregate principal amount on the assumption thereof by the Buyer pursuant to the Sale Agreement and each addition to the principal amount of the
Intercompany Note pursuant to the terms of Section 2.02(c)(iii) and Section 2.04 as of such time, minus (ii) the aggregate amount of all payments made in respect of the principal of the Intercompany Note as of such time. All
payments made in respect of the Intercompany Note shall be allocated, first, to pay accrued and unpaid interest thereon, and second, to pay the outstanding principal amount thereof. Interest on the outstanding principal amount of the
Intercompany Note shall accrue at a rate per annum equal to the Base Rate in effect from time to time from and including the date of the initial Purchase to but excluding the last day of each Purchase Settlement Period and shall, subject to the
terms and conditions hereof and thereof, be paid (x) on each Settlement Date with respect to the principal amount of the Intercompany Note outstanding from time to time during the Purchase Settlement Period immediately preceding such Settlement
Date (but only to the extent the Buyer has funds available to make such payment) and/or (y) on the maturity date thereof; provided, however, that, to the maximum extent permitted by law, accrued interest on the Intercompany Note
which is not so paid shall be added, at the request of the Seller, to the principal amount of the Intercompany Note. Principal of the Intercompany Note not paid or prepaid pursuant to the terms thereof shall be payable on the maturity date thereof.
Notwithstanding anything to the contrary contained in this Agreement, any payments to be made by the Buyer in respect of the Intercompany Note shall be made solely from funds available to the Buyer which are not otherwise required to be applied or
set-aside for the payment of any obligations of the Buyer under the Receivables Transfer Agreement, shall be non-recourse other than with respect to such funds and shall not constitute a claim against the Buyer to the extent that insufficient funds
exist to make such payment. 
 (b) Anything herein to the contrary notwithstanding, the Buyer may not make any
payment of any Purchase Price on any Purchase Date by increasing the aggregate principal amount of the Intercompany Note outstanding unless the aggregate principal amount of the Intercompany Note outstanding on such Purchase Date (after giving
effect to all repayments thereof on or before such Purchase Date) would not exceed 25% of the aggregate Outstanding Balance of the Purchased Receivables on such Purchase Date. 

SECTION 2.09. Certain Allocations. The Seller and the Buyer hereby agree that, unless otherwise required by
applicable Law or unless an Obligor designates that a payment be applied to a specific Receivable, all Collections from an Obligor shall be applied to the oldest Receivables (whether or not such Receivables are Purchased Receivables) of such
Obligor. 
 ARTICLE III. CONDITIONS OF PURCHASES 

SECTION 3.01. Conditions Precedent to Initial Purchase from the Seller. The Buyer’s obligation to pay the
Purchase Price for the initial Purchase of Receivables from the Seller hereunder is subject to the conditions precedent that the Buyer shall have received on or before the date of such Purchase all of the instruments, documents, agreements and
opinions specified in Section 4.1 of the Receivables Transfer Agreement, each (unless otherwise indicated therein) dated such date, in form and substance satisfactory to the Buyer. 

 

 12 

 SECTION 3.02. Conditions Precedent to All Purchases. The Buyer’s
obligation to pay for any Purchase (including the initial Purchase) hereunder shall be subject to the further conditions precedent that: 

(a) the Seller shall have delivered to the Buyer such information concerning such Receivables as may
reasonably be requested by the Buyer; and 
 (b) on the date of such Purchase the following
statements shall be true (and the Seller, by accepting the Purchase Price for such Purchase, shall be deemed to have represented and warranted that): 

(i) The representations and warranties contained in Section 4.01 are correct on and as of the most
recent Reporting Date as though made on and as of such date; 
 (ii) No event has occurred and is
continuing, or would result from such Purchase, that constitutes a Termination Event; and 

(iii) The “Termination Date” shall not have occurred under (and as defined in) the Receivables
Transfer Agreement. 
 Notwithstanding the foregoing, unless otherwise specified by the Buyer (with a copy to
the Administrative Agent) in a written notice to the Seller, each Purchase from the Seller shall occur automatically on each day prior to the Termination Date, with the result that the title to all Receivables and the Related Property with respect
thereto shall vest in the Buyer automatically on the date each such Receivable arises and without any further action of any kind by the Buyer, the Seller or the Collection Agent, whether or not the conditions precedent specified above were in fact
satisfied on such date and notwithstanding any delay in making payment of the Purchase Price for such Receivables (but without impairing the Buyer’s obligation to pay such Purchase Price in accordance with the terms hereof). 

SECTION 3.03. Condition Precedent to Seller’s Obligations. (a) The obligation of the Seller to sell the
Receivables generated by it and existing on the Effective Date to the Buyer is subject to the conditions precedent that the Seller shall have received on or before the date of such sale the following, each (unless otherwise indicated) dated the day
of such sale and in form and substance reasonably satisfactory to the Seller: 
 (i)
Secretary’s Certificate. A certificate of the Secretary or an Assistant Secretary of the Buyer, dated the date hereof, and certifying (A) that attached thereto is a true and complete copy of the certificate of formation and limited
liability company agreement of the Buyer, as in effect on the date hereof and at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of the
resolutions, in form and substance reasonably satisfactory to the Seller, of the managers of the Buyer or committees thereof authorizing the execution, delivery and performance of this Agreement and the other Transaction Documents to which it is a
party and the transactions contemplated hereby and thereby, and that such resolutions have not been amended, modified, revoked or rescinded and are in full force and effect, (C) that the certificate of formation of the Buyer has not been
amended since the date of the last amendment thereto shown on the certificate of good standing (or its equivalent) furnished pursuant to subsection (iii) below and (D) as to the incumbency and specimen signature of each officer executing
this Agreement and any other Transaction Documents or any other document delivered in connection herewith or therewith on behalf of the Buyer (on which certificates the Seller may conclusively rely until such time as the Seller shall receive from
the Buyer a revised certificate with respect to the Buyer meeting the requirements of this subsection (i)); 
  

 13 

 (ii) Corporate Documents. The certificate of
formation, including all amendments thereto, of the Buyer, certified as of a recent date by the Secretary of State of the State of Delaware; 

(iii) Good Standing Certificates. Certificates of compliance, of status or of good standing for the
Buyer, dated as of a recent date, from the Secretary of State of the State of Delaware; 
 (iv)
Consents, Licenses, Approvals, Etc. A Certificate dated the date hereof of the President or a Vice President of the Buyer either (A) attaching copies of all consents, licenses and approvals required in connection with the execution,
delivery and performance by the Buyer of this Agreement and the validity and enforceability of this Agreement against the Buyer, and such consents, licenses and approvals shall be in full force and effect or (B) stating that no such consents,
licenses or approvals are so required; and 
 (v) No Litigation. Confirmation that there
is no pending or, to its knowledge after due inquiry, threatened action or proceeding in writing affecting the Buyer before any Official Body that could reasonably be expected to have a material impairment of the ability of the Buyer to perform its
obligations under the Transaction Documents. 
 (b) The obligation of the Seller to sell any Receivable
generated by it on any date (including on the Effective Date) shall be subject to the further conditions precedent that on such date no voluntary or involuntary case or proceeding is pending against the Seller or the Buyer under the United States
Bankruptcy Code. 
 ARTICLE IV. REPRESENTATIONS AND WARRANTIES 

SECTION 4.01. Representations and Warranties of the Seller. The Seller represents and warrants as follows:

 (a) The Seller is a corporation duly incorporated, validly existing and in good standing under
the laws of its jurisdiction of incorporation, and is duly qualified to do business, and is in good standing as a foreign corporation, in every jurisdiction where the nature of its business requires it to be so qualified, unless the failure to so
qualify could not reasonably be expected to have a Material Adverse Effect. 
 (b) The execution,
delivery and performance by the Seller of the Transaction Documents to which it is a party, including the Seller’s sale of Receivables hereunder and the Seller’s use of the proceeds of Purchases, (i) are within the Seller’s
corporate powers, (ii) have been duly authorized by all necessary corporate action and (iii) will not (A) violate (1) the Seller’s certificate of incorporation or by-laws, (2) any Law applicable to the Seller, except to
the extent such violation could not reasonably be expected to have a Material Adverse Effect or (3) any provision of any material indenture, certificate of designation for preferred stock, agreement or other instrument to which the Seller is a
party or by which it or any of its property is or may be bound or (B) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any
cancellation of any right or acceleration of any payment obligations under any such material indenture, certificate of designation for preferred stock, agreement or other instrument and (iv) do not result in or require the creation of any
Adverse Claim upon or with respect to any of its properties (except as created pursuant to the Transaction Documents). 
  

 14 

 (c) No authorization or approval or other action by, and no
notice to or filing with, any Official Body is required for the due execution, delivery and performance by the Seller of the Transaction Documents to which it is a party or any other document to be delivered by it thereunder, except for (i) the
filing of the financing statements referred to in Section 4.1 of the Receivables Transfer Agreement (which financing statements shall have been delivered to the Administrative Agent prior to the Effective Date) and (ii) such as have been
obtained or made and are in full force and effect. 
 (d) Each of the Transaction Documents to
which the Seller is a party has been duly executed and delivered by the Seller and constitutes the legal, valid and binding obligation of the Seller enforceable against the Seller in accordance with its terms, subject to (i) the effects of
bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law)
and (iii) implied covenants of good faith and fair dealing. 
 (e) Since December 31,
2009, no Material Adverse Effect has occurred. 
 (f) Except as set forth on Schedule II,
(i) as of the initial Purchase Date, there are no actions, suits or proceedings at law or in equity or by or before any Official Body or in arbitration now pending or, to the actual knowledge of a Responsible Officer of the Seller, threatened
in writing against or affecting the Seller or any of its business, property or rights and (ii) as of each Reporting Date, there are no actions, suits or proceedings at law or in equity or by or before any Official Body or in arbitration or, to
the actual knowledge of a Responsible Officer of the Seller, threatened in writing against or affecting the Seller or any of its business, property or rights, which could reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect. 
 (g) No proceeds of any Purchase will be used to purchase or carry, or to
extend credit to others for the purpose of purchasing or carrying, “margin stock” within the meaning of Regulation T, U or X promulgated by the Board of Governors of the Federal Reserve System from time to time. 

 

 15 

 (h) No transaction contemplated hereby requires compliance
with any bulk sales act or similar law. 
 (i) Immediately prior to each Purchase of Receivables
from the Seller hereunder, the Seller will be the owner of such Receivables and all Receivables Property with respect thereto, free and clear of any Adverse Claim. Upon each Purchase, the Buyer shall have acquired a valid and perfected ownership
interest in each Receivable now existing or hereafter arising and in the Receivables Property with respect thereto, in each case free and clear of any Adverse Claim (other than Adverse Claims created by the Buyer or its assigns). 

(j) Each report delivered pursuant to Section 2.11 of the Receivables Transfer Agreement (if prepared
by the Seller or any of its Affiliates, or to the extent that information contained therein is supplied by the Seller or an Affiliate), information, exhibit, document, book, record or report furnished in writing at any time by or on behalf of the
Seller in connection with the Transaction Documents is accurate in all material respects as of its date or (except as otherwise disclosed to the Buyer at such time) as of the date so furnished. 

(k) The Seller is located in its jurisdiction of incorporation or organization specified in Exhibit C for
the purposes of Section 9-307 of the UCC as in effect in the State of New York. 
 (l) The
names and addresses of all the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts, are as specified in Exhibit A (as the same may be updated from time to time pursuant to Section 5.01(g)). 

(m) In the past five (5) years, the Seller has not used any corporate name, tradename or
doing-business-as name other than the name in which it has executed this Agreement and the other names listed on Exhibit C. The Seller’s Federal Employer Identification Number and, if organized in a jurisdiction other than Delaware, its
organizational identification number is as set forth on Exhibit C. 
 (n) The Seller is not an
“investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940, as amended. 

(o)(i) The fair value of the assets of the Seller, at a fair valuation, exceed the debts and liabilities,
direct, subordinated, contingent or otherwise, of the Seller; (ii) the present fair saleable value of the property of the Seller is greater than the amount that will be required to pay the probable liability of the Seller on its debts and other
liabilities, direct, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (iii) the Seller will be able to pay its debts and liabilities, direct, subordinated, contingent or otherwise, as such
debts and liabilities become absolute and matured; and (iv) the Seller does not have unreasonably small capital with which to conduct the businesses in which it is engaged as such businesses are now conducted and are proposed to be conducted
following the Effective Date. 
  

 16 

 (p) Each Receivable treated as or represented by the Seller
to be an Eligible Receivable as of any Purchase Date was an Eligible Receivable on such date. 

(q) All Obligors with respect to Receivables sold by the Seller hereunder have been instructed to remit
all their payments in respect of Receivables directly to a Lock-Box Account. 
 (r) The transfers
of Receivables by the Seller to the Buyer pursuant to this Agreement, and all other transactions between the Seller and the Buyer, have been and will be made in good faith and without intent to hinder, delay or defraud creditors of the Seller.

 (s) The Seller and its ERISA Affiliates are in compliance with the applicable provisions of
ERISA and the provisions of the Code relating to Plans and the regulations and published interpretations thereunder and any similar applicable non U.S. law, except for such noncompliance that could not reasonably be expected to have a Material
Adverse Effect. No Reportable Event has occurred during the past five years as to which the Seller or any ERISA Affiliate was required to file a report with the Pension Benefit Guaranty Corporation, other than reports that have been filed and
reports the failure of which to file could not reasonably be expected to have a Material Adverse Effect. As of the Effective Date, the present value of all benefit liabilities under each Plan of the Seller and the ERISA Affiliates (based on those
assumptions used to fund such Plan), did not as of the last annual valuation date applicable thereto for which a valuation is available, exceed the value of the assets of such Plan by an amount that could reasonably be expected to have a Material
Adverse Effect and the present value of all benefit liabilities of all underfunded Plans (on a termination basis and based on those assumptions used to fund each such Plan), did not as of the last annual valuation dates applicable thereto for which
valuations are available, exceed the value of the assets of all such underfunded Plans by an amount that could reasonably be expected to have a Material Adverse Effect. None of the Seller and the ERISA Affiliates has incurred or could reasonably be
expected to incur any Withdrawal Liability that could reasonably be expected to have a Material Adverse Effect. None of the Seller and the ERISA Affiliates has received any written notification that any Multiemployer Plan is in reorganization or has
been terminated within the meaning of Title IV of ERISA, or has knowledge that any Multiemployer Plan is reasonably expected to be in reorganization or to be terminated, where such reorganization or termination has had or could reasonably be
expected to have, through increases in the contributions required to be made to such Plan or otherwise, a Material Adverse Effect. 

(t) No event has occurred and is continuing and no condition exists which constitutes a Termination Event.

 (u) Except as set forth on Schedule III, the Seller has filed or caused to be filed all
material tax returns and has paid or caused to be paid or made adequate provision for all material taxes due and payable by it and all material assessments received by it except to the extent that non-payment: (i) is being contested in good
faith; or (ii) could not reasonably be expected to result in a Material Adverse Effect. 
  

 17 

 (v) The assignment of each Receivable and the related
Receivables Property the subject of any Purchase on the related Purchase Date and the fulfillment of the terms hereof will not violate any applicable Law or any material contractual obligation by which the Seller or any of its property may be bound.

 (w) The Seller has performed and complied in all respects with the terms of the Contract
relating to each Purchased Receivable that is treated as or represented by the Seller or any of its Affiliates to be an Eligible Receivable, except to the extent that such failure to comply could not reasonably be expected to have a Material Adverse
Effect. 
 (x) The Seller and the Collection Agent have the capability: (i) at any given
time to identify each individual Purchased Receivable and (ii) to track Collections in respect of each such Receivable and each of the Receivables that have been or will be sold by the Seller to the Buyer in accordance herewith. 

(y) The Seller has complied in all material respects with its Credit and Collection Policy in regard to
each Purchased Receivable that is treated as or represented by the Seller to be an Eligible Receivable. 

SECTION 4.02. Representations and Warranties of the Buyer. The Buyer represents and warrants as follows:

 (a) The Buyer is a limited liability company duly formed, validly existing and in good standing under the
laws of the jurisdiction of its formation and has all limited liability company power and all governmental licenses, authorizations, consents and approvals required to carry on its business in each jurisdiction in which its business is now
conducted. The Buyer is duly qualified to do business in, and is in good standing in, every other jurisdiction in which the nature of its business requires it to be so qualified except to the extent that the failure to so qualify or be in good
standing could not reasonably be expected to have a Material Adverse Effect. 
 (b) The execution, delivery and
performance by the Buyer of this Agreement (i) have been duly authorized by all necessary limited liability company action and (ii) will not (A) violate (1) the Buyer’s certificate of formation or limited liability company
agreement, (2) any Law applicable to the Buyer or (3) any provision of any indenture, certificate of designation for preferred stock, agreement or other instrument to which the Buyer is a party or by which it or any of its property is or
may be bound or (B) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation of a material right or acceleration of any
material payment obligations under any such indenture, certificate of designation for preferred stock, agreement or other instrument, where any such conflict, violation, breach or default referred to in clause (ii) or this Section 4.02(b),
could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and (iii) do not result in or require the creation of any Adverse Claim upon or with respect to any of its properties. This Agreement has been
duly executed and delivered by the Buyer. 
  

 18 

 (c) No authorization or approval or other action by, and no notice to or
filing with, any governmental authority or regulatory body is required for the due execution, delivery and performance by the Buyer of this Agreement, except (i) such as have been obtained or made and are in full force and effect and
(ii) for such authorizations, approvals or actions the failure of which to obtain could not reasonably be expected to result in a Material Adverse Effect. 

(d) This Agreement, when executed and delivered by the Buyer, will be the legal, valid and binding obligations of the
Buyer, enforceable in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting creditors’ rights generally, (ii) general principles of equity
(regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied covenants of good faith and fair dealing. 

(e) There are no actions, suits or proceedings at law or in equity or by or before any Official Body or in arbitration now
pending or, to the actual knowledge of a Responsible Officer of the Buyer, threatened in writing against or affecting the Buyer or any of its business, property or rights, which could reasonably be expected to have a Material Adverse Effect.

 ARTICLE V. COVENANTS 

SECTION 5.01. Covenants of the Seller. From the date hereof until the first day following the Termination Date on
which all of the Purchased Receivables are either collected in full or are written off in accordance with the Credit and Collection Policy, the Seller covenants and agrees as follows: 

(a) Compliance with Laws, Etc. The Seller will comply in all respects with all applicable Laws and
preserve and maintain its corporate existence, rights, franchises, qualifications and privileges except to the extent that the failure so to comply with such Laws or the failure so to preserve and maintain such rights, franchises, qualifications,
and privileges could not reasonably be expected to have a Material Adverse Effect. 
 (b)
Offices, Records and Books of Account. The Seller will keep the office where it keeps its records concerning the Purchased Receivables at (i) the address of the Seller specified on Schedule I as of the date of this Agreement or
(ii) upon 30 days’ prior written notice to the Buyer, at any other locations in jurisdictions where all actions reasonably requested by the Buyer to protect and perfect the Buyer’s interest in the Purchased Receivables have been taken
and completed. The Seller also will maintain and implement administrative and operating procedures (including without limitation, an ability to recreate records evidencing Purchased Receivables and related Contracts in the event of the destruction
of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Purchased Receivables (including, without limitation, records adequate to permit the
daily identification of each Purchased Receivable and all Collections of and adjustments to each existing Purchased Receivable). 
  

 19 

 (c) Performance and Compliance with Contracts and Credit
and Collection Policy. The Seller will, at its expense, (i) timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Purchased
Receivables in the same manner as if this Agreement did not exist, and (ii) timely and fully comply with the Credit and Collection Policy in regard to the Purchased Receivables and the related Contracts. 

(d) Sales, Liens, Etc. The Seller will not sell, assign (by operation of law or otherwise) or
otherwise dispose of, or create or suffer to exist any Adverse Claim upon or with respect to, any Receivable, Related Security, related Contract or Collections, or upon or with respect to any Lock-Box Account, or assign any right to receive income
in respect thereof. 
 (e) Extension or Amendment of Receivables and Contracts. The Seller
will not extend, amend or otherwise modify the terms of any Purchased Receivable or amend, modify or waive any term or condition of any Contract related thereto in a manner that would contravene the Credit and Collection Policy. The Seller agrees
that in the event that Buyer or the Collection Agent on behalf of the Buyer re-issues an invoice or other document evidencing a Receivable, the Receivable evidenced by such invoice or other document shall constitute the same Receivable and not a new
Receivable, notwithstanding any credit memo or new invoice number in respect thereof, and the Seller shall cooperate with the Buyer and the Collection Agent in connection therewith as the Buyer may reasonably request. 

(f) Change in Business or Credit and Collection Policy. The Seller will not (i) make any
material change in the Credit and Collection Policy without the prior written consent of the Buyer or (ii) make any change in the character of its business which could reasonably be expected to have a Material Adverse Effect. The Seller will
promptly notify the Buyer, the Administrative Agent and each Funding Agent in writing of any material change in the character of its business or its Credit and Collection Policy. 

(g) Change in Payment Instructions to Obligors. The Seller will not add or terminate any Lock-Box
Account from those listed in Exhibit A to this Agreement, or make any change in its instructions to Obligors regarding payments to be made in respect of the Receivables or payments to be made to the Lock-Box Accounts, unless the Buyer shall have
received thirty (30) days’ prior written notice of such addition, termination or change (including an updated Exhibit A) and a fully executed Lock-Box Agreement with respect to each new Lock-Box Account. 

(h) Deposits to Lock-Box Accounts. The Seller will instruct, or has instructed, all Obligors to
remit all their payments in respect of the Receivables into a Lock-Box Account (either directly by wire transfer or electronic funds transfer or by check mailed to a lock-box maintained by the relevant Lock-Box Bank). If the Seller shall receive any
Collections directly, the Seller shall remit such Collections to a Lock-Box Account no less frequently than once per calendar week; provided that if at any time the aggregate amount of Collections in the possession of the Seller, the Buyer and the
Collection Agent exceeds $500,000, then the Seller shall remit Collections to a Lock-Box Account no later than the next Business Day. The Seller shall use commercially reasonable efforts to prevent funds which do not constitute Collections of
Receivables from being deposited into any Lock-Box Account. 
  

 20 

 (i) Audits. The Seller will, from time to time during
regular business hours as requested by the Buyer or its assigns upon reasonable prior notice and at the Seller’s expense, permit the Buyer, or its agents, representatives or assigns (including independent public accountants), (i) to
conduct periodic audits of the Receivables, the Related Security and the related books and records and collections systems of the Seller, (ii) to examine and make copies of and abstracts from all books, records and documents (including, without
limitation, computer tapes and disks) in the possession or under the control of the Seller relating to Receivables and the Receivables Property, including, without limitation, the Contracts, and (iii) to visit the offices and properties of the
Seller for the purpose of examining such materials described in clause (ii) above, and to discuss matters relating to Receivables and the Receivables Property or the Seller’s performance under the Transaction Documents or under the
Contracts with any of the officers or employees of the Seller having knowledge of such matters. 

(j) Further Assurances; Change in Name or Jurisdiction of Origination, etc. (i) The Seller
agrees from time to time, at its expense, promptly to execute and deliver all further instruments and documents, and to take all further actions, that may be necessary or desirable, or that the Buyer or its assignee may reasonably request, to
perfect, protect or more fully evidence the Buyer’s ownership of the Purchased Receivables, or to enable the Buyer or its assignee to exercise and enforce its respective rights and remedies under this Agreement. Without limiting the foregoing,
the Seller will, upon the request of the Buyer or its assignee, (A) execute and file such financing or continuation statements, or amendments thereto, and such other instruments and documents, that may be necessary or desirable or that the
Buyer or its assignee may reasonably request to perfect, protect or evidence the Buyer’s ownership of such Receivables; and (B) following the occurrence of a Termination Event, deliver to the Buyer copies of the invoices evidencing the
Purchased Receivables (which delivery may be made in electronic form). 
 (ii) The Seller
authorizes the Buyer or its assignee to file financing or continuation statements, and amendments thereto and assignments thereof, relating to the Receivables and the Related Security, the related Contracts and the Collections with respect thereto
without the signature of the Seller. A photocopy or other reproduction of this Agreement shall be sufficient as a financing statement where permitted by law. 

(iii) The Seller shall not change its jurisdiction of organization unless (i) the Buyer shall have
received at least ten (10) days advance written notice of such change and all action by the Seller necessary or appropriate to perfect or maintain the perfection of the Buyer’s interest in the Receivables and Receivable Property
(including, without limitation, the filing of all financing statements and the taking of such other action as the Buyer may request in connection with such change) shall have been duly taken and (ii) the new jurisdiction of organization is a
State within the United States of America. 
  

 21 

 (iv) The Seller will not change its name, identity or
corporate structure or tax identification number or the office at which any records relating to the Receivables are maintained unless the Buyer shall have received at least ten (10) days advance written notice of such change or relocation and
all action by the Seller necessary or appropriate to perfect or maintain the perfection of the Buyer’s interest in the Receivables (including, without limitation, the filing of all financing statements and the taking of such other action as the
Buyer may request in connection with such change or relocation) shall have been duly taken. 

(k) Reporting Requirements. The Seller will provide or cause to be provided to the Buyer the
following: 
 (i) promptly upon the occurrence of each Termination Event or Incipient Termination
Event that relates to the Seller, a statement of a financial officer of the Seller setting forth details of such Termination Event or Incipient Termination Event and the action that the Seller has taken and proposes to take with respect thereto;

 (ii) promptly after a Responsible Officer of the Seller obtains actual knowledge thereof,
notice of the occurrence thereof any event or condition that has had, or could reasonably by expected to have, a Material Adverse Effect; and 

(iii) such other information respecting the Purchased Receivables as the Buyer may from time to time
reasonably request. 
 (l) Separate Conduct of Business. The Seller shall not take any
action that is inconsistent with Section 5.1(o) of the Receivables Transfer Agreement. 

(m) Taxes. The Seller will pay and discharge promptly when due all material taxes, assessments and
governmental charges or levies imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims for labor, materials and supplies or otherwise that, if
unpaid, might give rise to a Lien upon such properties or any part thereof; provided, however, that such payment and discharge shall not be required with respect to any such tax, assessment, charge, levy or claim so long as the validity or amount
thereof shall be contested in good faith by appropriate proceedings, and the Seller shall have set aside on its books reserves in accordance with GAAP with respect thereto and such contest effectively suspends collection of the contested obligation
and the enforcement of any Adverse Claim securing such obligation. 
 (n) Treatment as
Sales. Except to the extent otherwise required under GAAP, the Seller shall not account for or treat (whether in financial statements or otherwise) the transactions contemplated by this Agreement in any manner other than as a sale and absolute
conveyance of Receivables by the Seller to the Buyer (except that, in accordance with applicable tax principles, each Purchase may be ignored for tax reporting purposes). 

(o) Amendment of Credit Agreements. The Seller shall not agree to or otherwise permit any amendment
of the Credit Agreement or the 2003 Credit Agreement or any security agreement, pledge agreement, document, instrument or other agreement related thereto the effect of which would be to change the provisions thereof which automatically release the
liens granted thereunder with respect to the Receivables, Related Security and Collections sold hereunder. 
  

 22 

 ARTICLE VI. ADMINISTRATION AND COLLECTION 

SECTION 6.01. Designation of Collection Agent. Consistent with the Buyer’s ownership interest in the
Purchased Receivables, the Seller acknowledges and agrees that the servicing, administration and collection of the Purchased Receivables shall be the responsibility and right of the Buyer and its assigns. The Buyer has advised the Seller that
(i) the Buyer has sold an undivided ownership interest in the Purchased Receivables and the Receivables Property to the Administrative Agent, for the benefit of the Transferees under the Receivables Transfer Agreement and (ii) the
servicing, administration and collection of the Purchased Receivables and the Receivables Property shall be conducted by the Person designated as the Collection Agent pursuant to the Receivables Transfer Agreement from time to time. Pursuant to the
Receivables Transfer Agreement, the Buyer has requested Nalco Company to, and Nalco Company has agreed that it will, act as the initial Collection Agent. 

SECTION 6.02. Certain Rights of the Buyer. (a) The Buyer may, at any time, give notice of ownership and/or
direct the Obligors of Purchased Receivables and any Person obligated on any Related Security, or any of them, that payment of all amounts payable under any Purchased Receivable shall be made directly to the Buyer or its designee. The Seller hereby
transfers to the Buyer (and its assigns and designees) the exclusive ownership and control of the Lock-Box Accounts and the Seller shall take any further action that the Buyer may reasonably request to effect or further evidence such transfer.

 (b) At any time following the occurrence and during the continuation of a Termination Event: 

(i) The Seller shall, upon the Buyer’s request and at the Seller’s expense, give notice of the
Buyer’s ownership to each Obligor of Purchased Receivables and direct that payments of all amounts payable under the Purchased Receivables be made directly to the Buyer or its designee. 

(ii) At the Buyer’s request and at the expense of the Seller, the Seller shall (A) assemble all
of the Records, and shall make the same available to the Buyer or its designee at a place selected by the Buyer or its designee, and (B) segregate all cash, checks and other instruments received by it from time to time constituting Collections
of Receivables in a manner acceptable to the Buyer and, promptly upon receipt, remit all such cash, checks and instruments, duly indorsed or with duly executed instruments of transfer, to the Buyer or its designee. The Buyer shall also have the
right to make copies of all such documents, instruments and other records at any time. 
 (c) The Seller
authorizes the Buyer or its designee and hereby irrevocably appoints the Buyer or its designee as its attorney-in-fact coupled with an interest, with full power of substitution and with full authority in place of the Seller, following the occurrence
and during the continuation of a Termination Event, to take any and all steps in the Seller’s name and on behalf of the Seller, that are necessary or desirable, in the determination of the Buyer, to collect amounts due under the Purchased
Receivables, including, without limitation, (i) endorsing the Seller’s name on checks and other instruments representing Collections of Purchased Receivables and enforcing the Purchased Receivables and the Related Security and related
Contracts and (ii) enforcing the Receivables and the Related Security including to ask, demand, collect, sue for, recover, compromise, receive and give acquittance and receipts for moneys due and to become due under or in connection with
therewith and to file any claims or take any action or institute any proceedings that the Buyer (or such designee) may deem to be necessary or desirable for the collection thereof or to enforce compliance with the terms and conditions of, or to
perform any obligations or enforce any rights of the Seller in respect of, the Receivables and the Related Security. 
  

 23 

 SECTION 6.03. Rights and Remedies. (a) If the Seller fails to
perform any of its obligations under this Agreement, the Buyer may (but shall not be required to) cause performance of, such obligation, and the costs and expenses of the Buyer reasonably incurred in connection therewith shall be payable by the
Seller. 
 (b) The Seller shall cooperate with the Collection Agent in collecting amounts due from Obligors in
respect of the Purchased Receivables. 
 ARTICLE VII. EVENTS OF TERMINATION 

SECTION 7.01. Events of Termination. If any of the following events (each a “Termination Event”)
shall occur and be continuing: 
 (a) the Seller shall fail to make any payment or deposit required to be made
by it hereunder or under any of the Transaction Documents when due hereunder or thereunder and such failure remains unremedied for one Business Day; or 

(b) any representation, warranty, certification or statement made by the Seller in this Agreement, any other Transaction
Document to which it is a party or in any other document delivered pursuant hereto or thereto shall prove to have been incorrect in any material respect when made or deemed made other than any breach of a representation relating to a Receivable that
has been repurchased pursuant to Section 2.03 or with respect to which the Buyer has declined to effect such repurchase as provided therein after receipt of notice of such breach; or 

(c) the Seller shall fail to perform or observe (i) any term, covenant or agreement contained in Sections 5.01(d),
(f), (g), (h), and (l) of this Agreement or (ii) any other term, covenant or agreement contained in this Agreement or any other Transaction Document on its part to be performed or observed and, solely in the case of this clause (ii), such
failure shall remain unremedied for ten (10) days after a Responsible Officer of the Seller has actual knowledge or receives written notice thereof; or 

(d) any Event of Bankruptcy shall occur with respect to the Seller; or 

 

 24 

 (e)(i) the Seller receives notice or becomes aware that a notice of lien has
been filed against the Seller under Section 412(n) of the Code or Section 302(f) of ERISA for a failure to make a required installment or other payment to a plan to which Section 412(n) of the Code or Section 302(f) of ERISA
applies or (ii) (A) a Reportable Event or Reportable Events shall have occurred with respect to any Plan or a trustee shall be appointed by a United States district court to administer any Plan, (B) the Pension Benefit Guaranty
Corporation shall institute proceedings (including giving notice of intent thereof) to terminate any Plan or Plans, (C) the Seller, any Subsidiary of the Seller or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer
Plan that it has incurred or will be assessed Withdrawal Liability to such Multiemployer Plan and such person does not have reasonable grounds for contesting such Withdrawal Liability or is not contesting such Withdrawal Liability in a timely and
appropriate manner, (D) the Seller, any Subsidiary of the Seller or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is in reorganization or is being terminated, within the meaning
of Title IV of ERISA, (E) the Seller, any Subsidiary of the Seller or any ERISA Affiliate shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan or
(F) any other similar event or condition shall occur or exist with respect to a Plan; and in each case in clauses (A) through (F) above, such event or condition, together with all other such events or conditions, if any, could
reasonably be expected to have a Material Adverse Effect; or 
 (f) any “Termination Event” shall
occur under the Receivables Transfer Agreement; 
 then, and in any such event, the Buyer may, in its discretion, declare the
Termination Date to have occurred upon notice to the Seller; provided that, automatically upon the occurrence of any event (without any requirement for the giving of notice) described in paragraph (d) of this Section 7.01, the
Termination Date shall occur. Upon any such declaration or upon such automatic termination, the Buyer and its assigns shall have, in addition to the rights and remedies which it may have under this Agreement, all other rights and remedies provided
after default under the UCC for a secured party in connection with the sale of accounts and under other applicable law, which rights and remedies shall be cumulative. 

ARTICLE VIII. INDEMNIFICATION 

SECTION 8.01. Indemnities by the Seller. Without limiting any other rights that the Buyer and its respective
officers, directors, employees, agents and assigns (each, an “Indemnified Party”) may have hereunder or under applicable law, the Seller hereby agrees to indemnify each Indemnified Party from and against any and all damages, losses,
claims, liabilities, deficiencies, costs, disbursements and expenses, including, without limitation, interest, penalties, amounts paid in settlement and reasonable attorneys’ fees (all of the foregoing being collectively referred to as
“Indemnified Amounts”) arising out of or resulting from any of the following (excluding, however, (a) Indemnified Amounts to the extent such Indemnified Amounts resulted from gross negligence or willful misconduct on the part
of such Indemnified Party, (b) any income taxes or any other tax or fee measured by income incurred by such Indemnified Party arising out of or as a result of this Agreement or the ownership of Purchased Receivables and (c) Indemnified
Amounts arising solely from a delay in payment, or default by, an Obligor with respect to any Receivable (other than any delay or default arising out of any discharge, claim, offset or defense of the Obligor to the payment of any Purchased
Receivable arising from the actions or omissions of the Seller (including, without limitation, a defense based on such Purchased Receivable not being a legal, valid and binding obligation of such Obligor enforceable against it in accordance with its
terms, but excluding any defense based on a discharge in bankruptcy)): 
  

 25 

 (i) any Receivable which the Seller represents to be or
treats as an Eligible Receivable but which is not an Eligible Receivable as of the date of such representation or treatment; 

(ii) any other representation or warranty certification, report or other statement made or deemed made by
the Seller (or any of its officers or employees) under or in connection with this Agreement or any of the other Transaction Documents which shall have been incorrect in any respect when made; 

(iii) the failure by the Seller to comply with any applicable Law with respect to any Receivable or the
related Contract; or the failure of any Receivable originated by the Seller or the related Contract to conform to any such applicable Law; 

(iv) the failure to vest in the Buyer absolute ownership of each Purchased Receivable originated by the
Seller and the Related Security and Collections in respect thereof, free and clear of any Lien; 

(v) the failure to have filed, or any delay in filing, financing statements or other similar instruments
or documents under the UCC of any applicable jurisdiction or other applicable laws with respect to any Receivables originated by the Seller and the Related Security and Collections in respect thereof, whether at the time of any Purchase or at any
subsequent time; 
 (vi) any dispute, claim, offset or defense (other than discharge in
bankruptcy) of an Obligor to the payment of any Receivable originated by the Seller (including, without limitation, a defense based on such Receivable or the related Contract not being a legal, valid and binding obligation of such Obligor
enforceable against it in accordance with its terms), or any other claim resulting from the sale of the merchandise, goods or services related to such Receivable or the furnishing or failure to furnish such merchandise, goods or services or relating
to any Contract related thereto; 
 (vii) any failure of the Seller to perform its duties or
obligations in accordance with the provisions hereof and each other Transaction Document or to perform its duties or obligations under the Contracts or to timely and fully comply in all respects with the Credit and Collection Policy in regard to
each Receivable originated by the Seller and the related Contract; 
 (viii) any products
liability, environmental or other claim arising out of or in connection with merchandise, goods or services which are the subject of any Receivable originated by the Seller or Related Security; 

(ix) the commingling of Collections of Purchased Receivables at any time with other funds; 

 

 26 

 (x) any investigation, litigation or proceeding (actual or
threatened) related to this Agreement or the use of proceeds of Purchases or in respect of any Receivable originated by the Seller or Related Security or Contract; or 

(xi) the failure by the Seller to pay when due any taxes, including, without limitation, sales, excise or
personal property taxes. 
 Notwithstanding anything to the contrary in this Agreement, solely for purposes of
the Seller’s indemnification obligations pursuant to clauses (ii) and (vii) of this Article VIII, any representation, warranty or covenant qualified by the occurrence or non-occurrence of a Material Adverse Effect or similar concepts
of materiality shall be deemed to be not so qualified. 
 ARTICLE IX. MISCELLANEOUS 

SECTION 9.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement or consent to any
departure by the Seller or the Collection Agent therefrom shall be effective unless in a writing signed by the Buyer (subject to the provisions of Section 9.07) and, in the case of any amendment, also signed by the Seller, and then such
amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. No failure on the part of the Buyer to exercise, and no delay in exercising, any right hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. 

SECTION 9.02. Notices, Etc. Except as provided below, all communications and notices provided for hereunder shall
be in writing (including telecopy or electronic facsimile transmission or similar writing) and shall be given to the other party at its address or telecopy number specified on Schedule I hereto or at such other address or telecopy number as such
party may hereafter specify for the purposes of notice to such party. Each such notice or other communication shall be effective (i) if given by telecopy, when such telecopy is transmitted to the telecopy number specified in this
Section 9.02 and confirmation is received, (ii) if given by mail three Business Days following such posting, postage prepaid, U.S. certified or registered, (iii) if given by overnight courier, one Business Day after deposit
thereof with a national overnight courier service, or (iv) if given by any other means, when received at the address specified in this Section 9.02. 

SECTION 9.03. Binding Effect; Assignability. (a) This Agreement shall be binding upon and inure to the
benefit of the Seller, the Collection Agent, the Buyer and their respective successors and assigns; provided, however, that neither the Collection Agent nor the Seller may assign its rights or obligations hereunder or any interest
herein without the prior written consent of the Buyer. The Buyer may assign all or any part of its rights and obligations hereunder (as security for obligations of the Buyer or otherwise) without the consent of the Collection Agent or the Seller. In
connection with any sale or assignment by the Buyer of all or a portion of the Purchased Receivables, the purchaser or assignee, as the case may be, shall, to the extent of its purchase or assignment, have all rights of the Buyer under this
Agreement (as if such purchaser or assignee, as the case may be, were the Buyer hereunder) subject to the terms of the agreement between the Buyer and such purchaser or assignee, as the case may be. 

 

 27 

 (b) This Agreement shall create and constitute the continuing obligations of
the parties hereto in accordance with its terms, and shall remain in full force and effect until such time, after the Termination Date, when all of the Purchased Receivables are either collected in full or are written off as uncollectible in
accordance with the Credit and Collection Policy; provided, however, that rights and remedies with respect to any breach of any representation and warranty made by the Seller pursuant to Article IV and the provisions of Article VIII
and Sections 9.04, 9.05 and 9.06 shall be continuing and shall survive any termination of this Agreement. 

SECTION 9.04. Costs, Expenses and Taxes. (a) In addition to the rights of indemnification granted to the
Buyer pursuant to Article VIII hereof, the Seller agrees to pay on demand all reasonable costs and expenses in connection with the preparation, execution, delivery and administration of this Agreement and the other documents and agreements to be
delivered hereunder, including, without limitation, (i) the reasonable fees and out-of-pocket expenses of counsel for the Buyer with respect thereto and with respect to advising the Buyer as to its rights and remedies under this Agreement;
(ii) all reasonable fees and expenses associated with any audits and other due diligence conducted prior to or after the Effective Date, and (iii) any amendments, waivers or consents under the Transaction Documents. In addition, the Seller
agrees to pay all costs and expenses, if any (including reasonable counsel fees and expenses), in connection with the enforcement of this Agreement and the other documents to be delivered hereunder. 

(b) In addition, the Seller agrees to pay any and all stamp and other taxes and fees payable in connection with the
execution, delivery, filing and recording of this Agreement or the other documents or agreements to be delivered hereunder, and the Seller agrees to save each Indemnified Party harmless from and against any liabilities with respect to or resulting
from any delay in paying or omission to pay such taxes and fees. 
 SECTION 9.05. No Proceedings. The
Seller, in its capacity as a creditor of the Buyer, hereby agrees that it will not institute against, or join any other Person in instituting against, the Buyer any involuntary proceeding of the type referred to in the definition of “Event of
Bankruptcy” in the Receivables Transfer Agreement so long as there shall not have elapsed one year plus one day since the date on which all Aggregate Unpaids are paid in full. 

SECTION 9.06. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK. 
  

 28 

 SECTION 9.07. Third Party Beneficiary. Each of the parties hereto
hereby acknowledges that the Buyer may assign all or any portion of its rights under this Agreement and that such assignees may (except as otherwise agreed to by such assignees) further assign, or grant security interests in, their rights under this
Agreement, and the Seller and the Collection Agent hereby consents to any such assignment and grants. All such assignees and secured parties, shall be third party beneficiaries of, and shall be entitled to enforce the Buyer’s rights and
remedies under, this Agreement to the same extent as if they were parties hereto, subject to the terms of their agreement with the Buyer. Without limiting the generality of the foregoing, the Seller hereby acknowledges that the Buyer has assigned
all of its rights, remedies and powers hereunder to the Administrative Agent pursuant to the Receivables Transfer Agreement. The Seller agrees that the Administrative Agent (for the benefit of the Transferees under the Receivables Transfer
Agreement) shall, subject to the terms of the Receivables Transfer Agreement, have the right to enforce this Agreement and to exercise directly all of the Buyer’s rights and remedies under this Agreement (including, without limitation, the
right to give or withhold any consents or approvals of the Buyer to be given or withheld hereunder) and the Seller agrees to cooperate fully with the Administrative Agent in the exercise of such rights and remedies. The Seller further agrees to give
to the Administrative Agent copies of all notices and reports it is required to give to the Buyer hereunder. Notwithstanding anything herein to the contrary, (i) no declaration of the Termination Date by the Buyer, and no other amendment,
waiver, consent, request or other modification (including, without limitation, any request pursuant to Section 2.03) made or granted by the Buyer hereunder, shall in any case be effective unless the same shall have been made or granted by, or
approved in writing by, the Administrative Agent (which may make, grant or approve the Termination Date, and which shall, at the direction of the Required APA Banks make, grant or approve the Termination Date) and (ii) no declaration of a
Non-Payment Event or the Termination Date by the Seller shall in any case be effective unless notice of such declaration shall have been received by the Administrative Agent. For the avoidance of doubt, it is understood and agreed that the
Administrative Agent’s right to deliver notices to Obligors shall be subject to Section 6.3 of the Receivables Transfer Agreement. 

SECTION 9.08. Restriction on Payments; Waiver of Setoff. (a) Notwithstanding anything in this Agreement or
elsewhere to the contrary, the Seller acknowledges and agrees to the restrictions on payments set forth in, and the other terms of, the Intercompany Note and agrees to be bound thereby to the same extent as if it were the Holder (as defined in the
Intercompany Note) thereunder. 
 (b) Except as otherwise provided herein, the obligations and liabilities of
the Seller under this Agreement (collectively, the “Seller Obligations”) shall not be subject to deduction of any kind or type, except by payment in full of the amount thereof in accordance with the terms thereof. The Seller hereby
waives any right it may now or at any time hereafter have to set-off any Seller Obligation against any obligation of the Buyer (including, without limitation, any obligation of the Buyer under the Intercompany Note or in respect of the payment of
the Purchase Price for any Purchased Receivables). 
 SECTION 9.09. Execution in Counterparts. This
Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. 

SECTION 9.10. Integration; Survival of Termination. This Agreement and the other Transaction Documents executed by
the parties hereto on the date hereof contain the final and complete integration of all prior expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect
to the subject matter hereof superceding all prior oral or written understandings. Any provisions of this Agreement which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating 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. 

 

 29 

 SECTION 9.11. Consent to Jurisdiction. (a) Each party hereto
hereby irrevocably submits to the non-exclusive jurisdiction of any New York State or Federal court sitting in New York City in any action or proceeding arising out of or relating to this Agreement, and each party hereto hereby irrevocably agrees
that all claims in respect of such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. The parties hereto hereby irrevocably waive, to the fullest extent they may
effectively do so, the defense of an inconvenient forum to the maintenance of such action or proceeding. The parties hereto agree that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by law. 
 (b) Both the Seller and the Buyer consents to
the service of any and all process in any such action or proceeding by the mailing of copies of such process to it at its address specified herein. Nothing in this Section 9.11 shall affect the right of any party to serve legal process in any
manner permitted by law. 
 SECTION 9.12. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO
THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS
AGREEMENT OR ANY OTHER TRANSACTION DOCUMENT. 
 SECTION 9.13. Conditions to Effectiveness. This
Agreement shall become effective on the first day on which the conditions precedent set forth in Section 4.1 of the Receivables Transfer Agreement shall have been satisfied. 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 
  

 30 

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

							
	SELLER:	 		 	NALCO COMPANY
				
		 		 	By:	 	 /s/ Michael P. Murphy

		 		 	Name:	 	Michael P. Murphy
		 		 	Title:	 	Assistant Corporate Secretary
			
	BUYER:	 		 	NALCO RECEIVABLES II LLC
				
		 		 	 By:
	 	 /s/ Michael P. Murphy

		 		 	Name:	 	Michael P. Murphy
		 		 	Title:	 	Secretary

 SCHEDULE I 

NOTICE ADDRESSES 
 NALCO
COMPANY: 
 1601 W. Diehl Road 

Naperville, Illinois 60563 
 Attention: Assistant
Treasurer 
 Telecopy: (630) 305-2840 

Telephone: (630) 305-1554 
 NALCO
RECEIVABLES II LLC: 
 1601 W. Diehl Road 

Naperville, Illinois 60563 
 Attention: Assistant
Treasurer 
 Telecopy: (630) 305-2840 

Telephone: (630) 305-1554 

 SCHEDULE II 

LITIGATION 
 See
Nalco Holding Company Form 10-Q for quarterly period ended March 31, 2010 

 SCHEDULE III 

TAXES 
 None.

 EXHIBIT A 

LOCK-BOX BANKS 
  

					
	 Lock-Box Bank
	 	 Lock-Box Number(s)
	 	 Lock-Box Account(s)

	 JPMorgan Chase Bank, N.A.
	 		 	
			
	 PNC Bank, National Association
	 		 	

  

 A-1 

 EXHIBIT B 

FORM OF INTERCOMPANY NOTE 

INTERCOMPANY NOTE 

New York, New York 

June 22, 2007 

FOR VALUE RECEIVED, NALCO RECEIVABLES LLC, a Delaware limited liability company (the “Maker”), hereby
promises to pay to NALCO COMPANY (the “Holder”) the principal amount of this Note, determined as described below, together with interest thereon at a rate per annum equal at all times to the Base Rate then in effect, in each case in
lawful money of the United States of America. Capitalized terms used herein but not defined herein shall have the meanings assigned to such terms in that certain Amended and Restated Receivables Purchase Agreement dated as of June 22, 2007
among the Maker and the Holder (such agreement, as it may from time to time be amended, restated or otherwise modified in accordance with its terms, the “Receivables Purchase Agreement”) or, if not defined therein, in the
Receivables Transfer Agreement referred to therein. This Note is the “Intercompany Note” referred to in the Receivables Purchase Agreement and is subject to the terms and conditions thereof. 

1. Principal Amount. The aggregate principal amount of this Note at any time shall be equal to the difference
between (a) the sum of the aggregate principal amount of this Note on the date of the issuance hereof and each addition to the principal amount of this Note pursuant to the terms of Section 2.02 of the Receivables Purchase Agreement and
the next paragraph minus (b) the aggregate amount of all payments made in respect of the principal amount of this Note, in each case, as recorded on the schedule annexed to and constituting a part of this Note, but failure to so record shall
not affect the obligations of the Maker to the Holder. 
 2. Payments of Principal and Interest. The
entire principal amount of this Note shall be due and payable one year and one day after the date on which all Aggregate Unpaids are paid in full or such later date as may be agreed in writing by the Holder and the Maker (the “Maturity
Date”). The principal amount of this Note may, at the option of the Maker, be prepaid in whole at any time or in part from time to time. Interest on this Note shall be payable at a rate equal to the Base Rate in effect from time to time and
shall be paid in arrears on each Settlement Date, at maturity and thereafter on demand; provided, however, that accrued interest on this Note which is not so paid shall (to the maximum extent permitted by law) be added to the principal
amount of this Note. All payments hereunder shall be made by wire transfer of immediately available funds to such account of the Holder as the Holder may designate in writing. Notwithstanding any other provisions contained in this Note, in no event
shall the rate of interest payable by the Maker under this Note exceed the highest rate of interest permissible under applicable law. 
  

 B-1 

 3. Restrictions on Payment. Notwithstanding anything in this Note or
elsewhere to the contrary, the Holder, by its acceptance hereof, hereby acknowledges and agrees that all payments of principal of, and interest on, this Note shall be made solely out of funds available to the Maker which are not otherwise required
to be applied or set-aside for the payment of any obligations of the Buyer under the Receivables Transfer Agreement, shall be non-recourse other than with respect to such funds and shall not constitute a claim against the Maker to the extent that
insufficient funds exist to make such payment. Without limiting the generality of the foregoing, no payments may be made by the Maker with respect to this Note at any time (i) that a Termination Event has occurred and is continuing or
(ii) during the period between the Termination Date and the date on which all Aggregate Unpaids are paid in full. 

Except as provided in the immediately preceding paragraph, no demand for any payment may be made by the Holder, no
payment shall be due from the Maker with respect to this Note and the Holder shall have no claim for any payment under this Note. In the event that, notwithstanding the foregoing provision limiting such payment, the Holder shall receive any payment
of principal or interest which is not permitted to be made pursuant to the preceding paragraph, such payment shall be received and held in trust by the Holder for the benefit of, and shall be promptly paid over to, the Administrative Agent under the
Receivables Transfer Agreement. The Holder, by its acceptance hereof, agrees to be so bound. 
 The Holder of
this Note, by its acceptance hereof, agrees that it will not, in its capacity as a creditor of the Maker, institute against, or join any other Person in instituting against, the Maker any involuntary proceeding of the type referred to in the
definition of “Event of Bankruptcy” in the Receivables Transfer Agreement so long as there shall not have elapsed one year plus one day since the date on which all Aggregate Unpaids are paid in full. 

The Maker hereby waives diligence, presentment, demand, protest and notice of any kind whatsoever. 

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

 

			
	NALCO RECEIVABLES LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 B-2 

 SCHEDULE TO NOTE 

 

									
	 Date
	 	
Addition to Principal
Amount
	 	 Amount of Principal

Paid or Prepaid
	 	 Unpaid Principal

Balance
	 	 Notation Made By

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

 B-3 

 EXHIBIT C 

TRADE NAMES AND FORMER NAMES; 

TAXPAYER IDENTIFICATION NUMBER; 

ORGANIZATIONAL IDENTIFICATION NUMBER; 

JURISDICTION OF INCORPORATION 

Federal Employer Identification No.: 

Jurisdiction of Incorporation: Delaware 
 Trade
Names or Doing Business as Names: 
  

					
		  	Alabama:	    	NALCO COMPANY, INC.
		  	Arkansas:	    	NALCO COMPANY SERVICES
		  	California:	    	NALCO COMPANY WHICH WILL DO BUSINESS AS NALCO COMPANY SERVICES
		  	New Hampshire:	    	NALCO COMPANY SERVICES
		  	Rhode Island:	    	NALCO COMPANY DBA NALCO SERVICES COMPANY
		  	Utah:	    	NALCO COMPANY DBA NALCO COMPANY SERVICES

  

 C-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]