Document:

Three Year Credit Agreement dated July 21, 2009

 Exhibit 10.1 
 EXECUTION COPY 
 EUR 150,000,000 
 THREE YEAR CREDIT AGREEMENT 
 Dated as of July 21, 2009 
 Among 
 LUBRIZOL HOLDINGS FRANCE S.A.S.

 LUBRIZOL ADVANCED MATERIALS EUROPE BVBA 
 LUBRIZOL (GIBRALTAR) LIMITED 
 LUBRIZOL EUROPE COORDINATION CENTER BVBA 
 as Borrowers 
 and 
 THE LUBRIZOL CORPORATION 
 as
Guarantor 
 and 
 THE
INITIAL LENDERS NAMED HEREIN 
 as Initial Lenders 
 and 
 DEUTSCHE BANK SECURITIES INC. 
 as Syndication Agent 
 and

 CALYON, CITIBANK, N.A. and JPMORGAN CHASE BANK, N.A. 
 as Documentation Agents 
 and 
 THE ROYAL BANK OF SCOTLAND PLC 
 as Administrative Agent

  
  
 RBS SECURITIES INC. and DEUTSCHE BANK SECURITIES INC. 
 as Mandated Lead Arrangers and Bookrunners 

 TABLE OF CONTENTS 
  

					
		
	ARTICLE I	  	
			
		  	SECTION 1.01. Certain Defined Terms	  	1
			
		  	SECTION 1.02. Computation of Time Periods	  	13
			
		  	SECTION 1.03. Accounting Terms	  	13
		
	ARTICLE II	  	
			
		  	SECTION 2.01. The Advances	  	13
			
		  	SECTION 2.02. Making the Advances	  	14
			
		  	SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit	  	15
			
		  	SECTION 2.04. Fees	  	16
			
		  	SECTION 2.05. Termination or Reduction of the Commitments	  	16
			
		  	SECTION 2.06. Repayment of Advances	  	17
			
		  	SECTION 2.07. Interest on Advances	  	17
			
		  	SECTION 2.08. Interest Rate Determination	  	18
			
		  	SECTION 2.09. Optional Conversion of Advances	  	19
			
		  	SECTION 2.10. Prepayments of Advances	  	20
			
		  	SECTION 2.11. Increased Costs	  	20
			
		  	SECTION 2.12. Illegality	  	21
			
		  	SECTION 2.13. Payments and Computations	  	21
			
		  	SECTION 2.14. Taxes	  	23
			
		  	SECTION 2.15. Sharing of Payments, Etc.	  	25
			
		  	SECTION 2.16. Evidence of Debt	  	25
			
		  	SECTION 2.17. Use of Proceeds	  	25
			
		  	SECTION 2.18. Increase in the Aggregate Commitments	  	25
			
		  	SECTION 2.19. Credit Transactions in France	  	27

  

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		 	SECTION 2.20. Credit Obligations of Borrowers Several	  	27
		
	ARTICLE III	  	
			
		 	SECTION 3.01. Conditions Precedent to Effectiveness of Section 2.01	  	27
			
		 	SECTION 3.02. Conditions Precedent to the Initial Borrowing of Each Designated Subsidiary	  	29
			
		 	SECTION 3.03. Conditions Precedent to Each Borrowing, Issuance and Commitment Increase	  	29
			
		 	SECTION 3.04. Determinations Under Section 3.01	  	30
		
	ARTICLE IV	  	
			
		 	SECTION 4.01. Representations and Warranties of the Guarantor	  	30
			
		 	SECTION 4.02. Representations and Warranties of the Borrowers	  	32
		
	ARTICLE V	  	
			
		 	SECTION 5.01. Affirmative Covenants	  	33
			
		 	SECTION 5.02. Negative Covenants	  	35
			
		 	SECTION 5.03. Financial Covenants	  	37
		
	ARTICLE VI	  	
			
		 	SECTION 6.01. Events of Default	  	38
			
		 	SECTION 6.02. Actions in Respect of the Letters of Credit upon Default	  	39
		
	ARTICLE VII	  	
			
		 	SECTION 7.01. Guaranty	  	40
			
		 	SECTION 7.02. Guaranty Absolute	  	40
			
		 	SECTION 7.03. Waivers and Acknowledgments	  	41
			
		 	SECTION 7.04. Subrogation	  	42
			
		 	SECTION 7.05. Subordination	  	42
			
		 	SECTION 7.06. Continuing Guaranty; Assignments	  	43
		
	ARTICLE VIII	  	

  

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		  	SECTION 8.01. Authorization and Action	  	43
			
		  	SECTION 8.02. Agent’s Reliance, Etc.	  	43
			
		  	SECTION 8.03. RBS and Affiliates	  	44
			
		  	SECTION 8.04. Lender Credit Decision	  	44
			
		  	SECTION 8.05. Indemnification	  	44
			
		  	SECTION 8.06. Successor Agent	  	45
			
		  	SECTION 8.07. Other Agents	  	45
		
	ARTICLE IX	  	
			
		  	SECTION 9.01. Amendments, Etc.	  	45
			
		  	SECTION 9.02. Notices, Etc.	  	46
			
		  	SECTION 9.03. No Waiver; Remedies	  	47
			
		  	SECTION 9.04. Costs and Expenses	  	47
			
		  	SECTION 9.05. Right of Set-off	  	48
			
		  	SECTION 9.06. Binding Effect	  	48
			
		  	SECTION 9.07. Assignments and Participations	  	48
			
		  	SECTION 9.08. Confidentiality	  	51
			
		  	SECTION 9.09. Governing Law	  	51
			
		  	SECTION 9.10. Execution in Counterparts	  	51
			
		  	SECTION 9.11. Jurisdiction, Etc.	  	51
			
		  	SECTION 9.12. Designated Borrowers	  	52
			
		  	SECTION 9.13. No Liability of the Issuing Banks	  	52
			
		  	SECTION 9.14. Patriot Act	  	53
			
		  	SECTION 9.15. Judgment	  	53
			
		  	SECTION 9.16. Waiver of Jury Trial	  	54

  

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 Schedules 
 Schedule I - List of Applicable Lending Offices 
 Schedule II - Calculation of the Mandatory
Cost 
 Schedule 2.01(b) - Existing Letters of Credit 
 Schedule 3.01(b) - Disclosed Litigation 
 Schedule 5.02(a) - Existing Liens 
 Exhibits 
  

					
	Exhibit A	  	-	  	Form of Note
			
	Exhibit B	  	-	  	Form of Notice of Borrowing
			
	Exhibit C	  	-	  	Form of Assignment and Acceptance
			
	Exhibit D-1	  	-	  	Form of Opinion of Counsel for the Guarantor
			
	Exhibit D-2	  	-	  	Form of Opinion of Special Belgian Counsel for the Borrowers
			
	Exhibit D-3	  	-	  	Form of Opinion of Special French Counsel for the Borrowers
			
	Exhibit D-4	  	-	  	Form of Opinion of Special Gibraltar Counsel for the Borrowers
			
	Exhibit E	  	-	  	Form of Designation Letter

  

 iv 

 THREE YEAR CREDIT AGREEMENT 
 Dated as of July 21, 2009 
 LUBRIZOL HOLDINGS FRANCE S.A.S., a French
société par actions simplifée having its registered address at 25 Quai de France, 76100 Rouen, France (“Lubrizol France”), LUBRIZOL ADVANCED MATERIALS EUROPE BVBA, a besloten vennootschap met beperkte
aansprakelijkheid organized under the law of Belgium and having its registered office at Nijverheidstraat 30, B-2260 Westerlo, Belgium, registered under RPR Enterprise number Turnhout 0408454528 (“Lubrizol Europe”) LUBRIZOL
(GIBRALTAR) LIMITED, a limited company organized under the laws of Gibraltar having its registered address at  10/8 International
Commercial Centre, Casemates Square, Gibraltar (“Lubrizol Gibraltar”) and LUBRIZOL EUROPE COORDINATION CENTER BVBA, a besloten vennootschap met beperkte aansprakelijkheid organized under the law of Belgium and having its
registered office at Waversesteenweg 1945, B-1160 Oudergem, registered under RPR Enterprise number Brussels 0433.612.368 (“LECC”, and together with Lubrizol France, Lubrizol Europe and Lubrizol Gibraltar, the “Initial
Borrowers”), THE LUBRIZOL CORPORATION, an Ohio corporation (the “Guarantor”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) and initial issuing banks (the
“Initial Issuing Banks”) listed on the signature pages hereof, RBS SECURITIES INC. and DEUTSCHE BANK SECURITIES INC., as mandated lead arrangers and bookrunners, DEUTSCHE BANK SECURITIES INC., as syndication agent, CALYON, CITIBANK,
N.A. and JPMORGAN CHASE BANK, N.A., as documentation agents, and THE ROYAL BANK OF SCOTLAND PLC (“RBS”), as administrative agent (the “Agent”) for the Lenders, agree as follows: 
 ARTICLE I 
 DEFINITIONS AND ACCOUNTING TERMS

 SECTION 1.01. Certain Defined Terms. As used in this Agreement, 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): 
 “Advance”
means an advance by a Lender to a Borrower as part of a Borrowing under Section 2.01(a) and refers to a Base Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Advance). 
 “Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is
under common control with such Person or is a director or officer of such Person. For purposes of this definition, the term “control” (including the terms “controlling”, “controlled by” and “under common control
with”) of a Person means the possession, direct or indirect, of the power to vote 5% or more of the Voting Stock of such Person or to direct or cause the direction of the management and policies of such Person, whether through the ownership of
Voting Stock, by contract or otherwise. 
 “Agent’s Account” means (a) for Dollars, the account of
the Agent maintained by the Agent at JP Morgan Chase at its office at 270 Park Avenue, New York NY 10017, ABA: 021000021, Account No. 400931052, Account Name: The Royal Bank of Scotland, plc Ref: Lubrizol, Attention: Joyce
Raynor and (b) for Euros, the account of the Agent maintained by the Agent at The Royal Bank of Scotland, plc London Swift RBOSGB2LXXX, Account No. ROSCNEK EURC, Ref: Lubrizol, (c) for GBP, the account of the Agent
maintained by the Agent at The Royal Bank of Scotland, plc London Swift RBOSGB2LXXX, Account No. 12269119, Sort Code 160034, Ref: Lubrizol, or such other account of the Agent as is designated in writing from time to time by
the Agent to the Borrowers and the Lenders for such purpose. 
 “Applicable Lending Office” means, with
respect to each Lender, such Lender’s Domestic Lending Office in the case of a Base Rate Advance and such Lender’s Eurocurrency Lending Office in the case of a Eurocurrency Rate Advance. 

 “Applicable Commitment Fee Rate” means, as of any date, a percentage per
annum determined by reference to the Public Debt Rating in effect on such date as set forth below: 
  

			
	 Public Debt Rating
 S&P/Moody’s
	  	 Applicable
 Commitment Fee Rate

	 Level 1
 BBB+ or Baa1 or above
	  	0.300%
	 Level 2
 BBB or Baa2
	  	0.400%
	 Level 3
 BBB- or Baa3
	  	0.575%
	 Level 4
 BB+ or Ba1 or lower
	  	0.875%

 “Applicable Margin” means, as of any date, a percentage per annum
determined by reference to the Public Debt Rating in effect on such date as set forth below: 
  

					
	 Public Debt Rating
 S&P/Moody’s
	  	 Applicable Margin for
 Eurocurrency Rate Advances
	  	 Applicable Margin for
 Base Rate Advances

	 Level 1
 BBB+ or Baa1 or above
	  	2.500%	  	1.500%
	 Level 2
 BBB or Baa2
	  	3.000%	  	2.000%
	 Level 3
 BBB- or Baa3
	  	3.500%	  	2.500%
	 Level 4
 BB+ or Ba1 or lower
	  	4.000%	  	3.000%

 “Assignment and Acceptance” means an assignment and acceptance
entered into by a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of Exhibit C hereto. 
 “Assuming Lender” has the meaning specified in Section 2.18(d). 
 “Assumption
Agreement” has the meaning specified in Section 2.18(d)(ii). 
 “Available Amount” of any
Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing). 
 “Base Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all
times be equal to the highest of: 
  

	 	(a)	the rate of interest announced by RBS, from time to time, as RBS’s base rate; 

  

	 	(b)	  1/2 of one percent per annum above the
Federal Funds Rate; or 

  

	 	(c)	the Eurocurrency Rate for a one-month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1.00%.

 “Base Rate Advance” means an Advance denominated in Dollars that bears interest as provided
in Section 2.07(a)(i). 
  

 2 

 “Belgian Borrowers” means Lubrizol Europe, LECC and any other Designated
Subsidiary that is incorporated in Belgium that shall become a Borrower hereunder pursuant to Section 9.12 and “Belgian Borrower” means any one of them. 
 “Borrowers” means, collectively, the Initial Borrowers and each Designated Subsidiary that shall become a Borrower
hereunder pursuant to Section 9.12. 
 “Borrowing” means a borrowing consisting of simultaneous Advances
of the same Type made by the Lenders. 
 “Borrowing Minimum” means, in respect of Advances denominated in
Euros, EUR 10,000,000, in respect of Advances denominated in Sterling, £10,000,000 and in respect of Advances denominated in Dollars, $10,000,000. 
 “Borrowing Multiple” means, in respect of Advances denominated in Euros, EUR 1,000,000, in respect of Advances denominated in Sterling, £1,000,000 and in respect of Advances denominated in
Dollars, $1,000,000. 
 “Business Day” means a day of the year on which banks are not required or authorized
by law to close in New York, New York and, if the applicable Business Day relates to any Eurocurrency Rate Advances, “Business Day” also includes a day on which dealings are carried on in the London interbank market and banks are open for
business in London and, in the case of an Advance denominated in Euros, “Business Day” also includes a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open. 
 “Commitment Date” has the meaning specified in Section 2.18(b). 
 “Commitment Increase” has the meaning specified in Section 2.18(a). 
 “Committed Currencies” means Dollars, Sterling and Euros. 
 “Confidential Information” means information that any Loan Party furnishes to the Agent or any Lender in a writing
designated as confidential, but does not include any such information that is generally available to the public or that is available to the Agent or such Lender on a non-confidential basis from a source other than a Loan Party that is, to the
knowledge of the Agent or such Lender, not acting in breach of any confidentiality agreement. 
 “Consolidated” refers to the consolidation of accounts in accordance with GAAP. 
 “Consolidated EBITDA” means, for any period, (a) Consolidated net income, plus (b) to the extent deducted in determining such Consolidated net income, the sum of, on a Consolidated basis and without
duplication: (i) interest expense, (ii) income tax expense, (iii) depreciation expense, (iv) amortization expense, (v) depletion expense and (vi) extraordinary, unusual or non-recurring non-cash losses, including
goodwill expense and non-cash losses from the sale, exchange, transfer or other disposition of property of the Guarantor or its Subsidiaries and the related tax effects in accordance with GAAP, minus (c) to the extent included in
determining such Consolidated net income, the sum of, on a Consolidated basis and without duplication: (i) the income of any Person (other than a wholly owned Subsidiary of the Guarantor) in which any Person other than the Guarantor or any of
its Subsidiaries has a joint interest or a partnership interest or other ownership interest, except to the extent of the amount of dividends or other distributions actually paid to the Guarantor or any of its Subsidiaries by such Person during such
period, (ii) gains from the sale, exchange, transfer or other disposition of property or assets of the Guarantor and its Subsidiaries (other than inventory sold in the ordinary course of business), and related tax effects in accordance with
GAAP, (iii) any other extraordinary, unusual or non-recurring gains or other income not from the continuing operations of the Guarantor and its Subsidiaries, and related tax effects in 

  

 3 

 
accordance with GAAP and (iv) the income of any Subsidiary of the Guarantor to the extent that the declaration or payment of dividends or similar
distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary. For
the purpose of calculating Consolidated EBITDA for any period, if during such period the Guarantor or any Subsidiary shall have made an acquisition of any Person, Consolidated EBITDA for such period shall be calculated after giving pro forma effect
thereto as if such acquisition occurred on the first day of such period. 
 “Consolidated Tangible Net
Assets” means, as at any date, the aggregate amount of Consolidated assets (less depreciation, amortization and other applicable reserves and other items deductible therefrom under GAAP) after deducting therefrom (a) all current
liabilities (excluding any thereof which are by their terms extendible or renewable at the option of the obligor thereon to a time more than 12 months after the time as of which the amount thereof is being computed), (b) all goodwill,
tradenames, trademarks, patents and other intangibles, in each case net of applicable amortization and (c) appropriate adjustments on account of minority interests of other Persons holding stock of the Guarantor’s Subsidiaries, all as
would be shown on a Consolidated balance sheet of the Guarantor and its Subsidiaries and determined in accordance with GAAP. 
 “Convert”, “Conversion” and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09. 
 “Debt” of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money,
(b) all obligations of such Person for the deferred purchase price of property or services (other than trade payables not overdue by more than 120 days incurred in the ordinary course of such Person’s business; provided that trade
payables which are overdue by more than 120 days shall not be included so long as payment of such is being contested in good faith and by proper proceedings), (c) all obligations of such Person evidenced by notes, bonds, debentures or other
similar instruments, (d) all obligations of such Person created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or
lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all obligations of such Person as lessee under leases that have been or should be, in accordance with GAAP, recorded as capital
leases, (f) all obligations, contingent or otherwise, of such Person in respect of acceptances, letters of credit or similar extensions of credit, (g) all Invested Amounts, (h) all Debt of others referred to in clauses (a)
through (g) above or clause (i) below and other payment obligations guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person (“Guaranteed Debt”) through
an agreement (1) to pay or purchase such Guaranteed Debt or to advance or supply funds for the payment or purchase of such Guaranteed Debt, (2) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services,
primarily for the purpose of enabling the debtor to make payment of such Guaranteed Debt or to assure the holder of such Guaranteed Debt against loss, (3) to supply funds to or in any other manner invest in the debtor (including any agreement
to pay for property or services irrespective of whether such property is received or such services are rendered) or (4) otherwise to assure a creditor against loss, and (i) all Debt referred to in clauses (a) through (h) above
secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on property (including, without limitation, accounts and contract rights) owned by such Person, even though such Person has
not assumed or become liable for the payment of such Debt; provided, that Debt shall not include transactions in the ordinary course of business by the Guarantor or its directly or indirectly held Subsidiaries with customers and vendors in
the form of (x) commitments to lend or loans to customers that are repayable either over an agreed period of time or at the time of purchases by the customers of products of the Guarantor or its Subsidiaries and (y) advances made to
vendors that are treated either repayable over a period of time or as advance payments for products to be purchased by the Guarantor or its Subsidiaries from the vendor. 
 “Default” means any Event of Default or any event that would constitute an Event of Default but for the requirement that
notice be given or time elapse or both. 
  

 4 

 “Defaulting Lender” means any Lender that (a) has failed to fund
any portion of the Advances or participations in Letters of Credit required to be funded by it hereunder within three Business Days of the date required to be funded by it hereunder unless such failure has been cured, (b) has otherwise failed
to pay over to the Agent or any other Lender any other amount required to be paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute or unless such failure has been cured, (c) has
notified the Borrower or the Agent in writing, or has otherwise indicated through a written statement or public announcement, that it does not intend to fund the Advances or participations in Letters of Credit as required hereunder or that it does
not intend to comply with its funding obligations generally under agreements in which it commits to extend credit or has failed to confirm in writing to the Borrowers and the Agent such Lender’s intention and ability to fund Advances and
participations in Letters of Credit as required hereunder within ten (10) Business Days after receipt of a written request for such confirmation from the Borrowers or the Agent, or (d) has been deemed insolvent or become the subject of a
bankruptcy or insolvency or similar proceeding or to the appointment of the Federal Deposit Insurance Corporation or other receiver, custodian, conservator, trustee or similar official with respect to such Lender’s business or properties;
provided that, for the avoidance of doubt, a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in such Lender by a governmental authority or an instrumentality thereof. 

“Designated Subsidiary” means any Foreign Subsidiary, directly or indirectly wholly owned by the Guarantor and
designated after the date of this Agreement for borrowing privileges hereunder pursuant to Section 9.12. 
 “Designation Letter” means a letter entered into by a Designated Subsidiary, the Borrowers, Guarantor and the Agent, in substantially the form of Exhibit E hereto, pursuant to which such Designated Subsidiary shall become a
Borrower hereunder in accordance with Section 9.12. 
 “Disclosed Litigation” has the meaning specified
in Section 3.01(b). 
 “Dollars”, “USD” and the “$” sign each means
lawful currency of the United States of America. 
 “Domestic Lending Office” means, with respect to any
Lender, the office, branch or Affiliate of such Lender specified as its “Domestic Lending Office” opposite its name on Schedule I hereto or in the Assumption Agreement or the Assignment and Acceptance pursuant to which it became a
Lender, or such other office of such Lender as such Lender may from time to time specify to the Borrowers and the Agent. 
 “Domestic Subsidiary” means each Subsidiary of the Guarantor organized in the United States or a political subdivision thereof. 
 “Effective Date” has the meaning specified in Section 3.01. 
 “Eligible Assignee” means (i) a Lender; (ii) an Affiliate of a Lender; and (iii) any other Person (unless such Person is taking delivery of an assignment in connection with physical settlement of a credit
derivative transaction) approved by the Agent, each Issuing Bank and, unless an Event of Default has occurred and is continuing at the time any assignment is effected in accordance with Section 9.07, the Guarantor, such approval not to be
unreasonably withheld or delayed; provided, however, that neither the Guarantor nor an Affiliate of the Guarantor shall qualify as an Eligible Assignee; provided, further that (x) any assignment of Advances made to
any French Borrower (including the Note or Notes evidencing such Advances and participations in Letters of Credit issued at the request of such French Borrower) and Commitments to make Advances to, or issue Letters of Credit at the request of,
Lubrizol France (or any French Designated Subsidiary that becomes a Borrower hereunder) under this Agreement shall only be assigned or transferred to institutions that are authorized to carry out credit transactions in France or which may legally
acquire rights under loans to a French borrower under applicable banking monopoly laws and regulations of France and (y) any assignment of Advances made to any Belgian Borrower (including the Note or Notes evidencing such Advances and
participations in Letters of Credit issued at the request of 

  

 5 

 
such Belgian Borrower) and Commitments to make Advances to, or issue Letters of Credit at the request of, Lubrizol Europe or LECC (or any Belgian Designated
Subsidiary that becomes a Borrower hereunder) under this Agreement shall only be assigned or transferred to institutions that are authorized to carry out credit transactions in Belgium or which may legally acquire rights under loans to a Belgian
borrower under applicable banking laws and regulations of Belgium. 
 “Environmental Action” means any
action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law, Environmental
Permit or Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment, including, without limitation, (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response,
remedial or other actions or damages, and (b) by any governmental or regulatory authority or any third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief. 
 “Environmental Law” means any federal, state, local or foreign statute, law, ordinance, rule, regulation, code, order,
judgment, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment, health, safety or natural resources, including, without limitation, those relating to the use, handling,
transportation, treatment, storage, disposal, release or discharge of Hazardous Materials. 
 “Environmental
Permit” means any permit, approval, identification number, license or other authorization required under any Environmental Law. 
 “Equivalent” (i) in Euros of any other Committed Currency on any date, means the quoted spot rate at which the Agent’s principal office in London offers to exchange such Committed Currency
for Euros in London prior to 11:00 A.M. (London time) on such date and (ii) in any other Committed Currency of Euros on any date, means the quoted spot rate at which the Agent’s principal office in London offers to exchange Euros for such
other Committed Currency in London prior to 11:00 A.M. (London time) on such date. 
 “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 
 “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member of the Guarantor’s controlled group, or under common control with the Guarantor, within the meaning of
Section 414 of the Internal Revenue Code. 
 “ERISA Event” means (a) (i) the occurrence of a
reportable event, within the meaning of Section 4043 of ERISA, with respect to any Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC, or (ii) the requirements of subsection (1) of
Section 4043(b) of ERISA (without regard to subsection (2) of such Section) are met with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10),
(11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days; (b) the application for a minimum funding waiver with respect to a Plan; (c) the
provision by the administrator of any Plan of a notice of intent to terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA);
(d) the cessation of operations at a facility of the Guarantor or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; (e) the withdrawal by the Guarantor or any ERISA Affiliate from a Multiple Employer Plan
during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA; (f) the conditions for the imposition of a lien under Section 302(f) of ERISA shall have been met with respect to any Plan;
(g) the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to Section 307 of ERISA; or (h) the institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of
ERISA, or the 

  

 6 

 
occurrence of any event or condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee
to administer, a Plan. 
 “EURIBO Rate” means, for any Interest Period, the rate
appearing on a nationally recognized service selected by the Agent (such as Reuters EURIBOR01 Page, or on any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to
those currently provided on such page of such service, as determined by the Agent from time to time for purposes of providing quotations of interest rates applicable to deposits in Euro by reference to the Banking Federation of the European Union
Settlement Rates for deposits in Euro) at approximately 10:00 A.M., London time, two Business Days prior to the commencement of such Interest Period, as the rate for deposits in Euro with a maturity comparable to such Interest Period or, if for any
reason such rate is not available, the average (rounded upward to the nearest whole multiple of  1/16 of 1% per annum,
if such average is not such a multiple) of the respective rates per annum at which deposits in Euros are offered by the principal office of each of the Reference Banks in London, England to prime banks in the London interbank market at
11:00 A.M. (London time) two Business Days before the first day of such Interest Period in an amount substantially equal to such Reference Bank’s Eurocurrency Rate Advance comprising part of such Borrowing to be outstanding during such
Interest Period and for a period equal to such Interest Period (subject, however, to the provisions of Section 2.08). 
 “Euro”, “EUR” and the “€” sign each mean the lawful currency of the European Union as constituted by the Treaty of Rome, which established the European Community, as such treaty may be
amended from time to time and as referred to in the EMU legislation. 
 “Eurocurrency Lending Office” means,
with respect to any Lender, the office, branch or Affiliate of such Lender specified as its “Eurocurrency Lending Office” opposite its name on Schedule I hereto or in the Assumption Agreement or the Assignment and Acceptance pursuant
to which it became a Lender (or, if no such office is specified, its Domestic Lending Office), or such other office of such Lender as such Lender may from time to time specify to the Borrowers and the Agent. 
 “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors of the
U.S, Federal Reserve System, as in effect from time to time. 
 “Eurocurrency Rate”
means, for any Interest Period for each Eurocurrency Rate Advance comprising part of the same Borrowing, an interest rate per annum equal to the rate per annum obtained by dividing (a)(i) in the case of any Advance denominated in a Committed
Currency other than Euros, the rate per annum (rounded upward to the nearest whole multiple of 1/16 of 1% per annum) appearing on a nationally recognized service selected by the Agent (such as Reuters LIBOR01 Page, or any successor page) as the
London interbank offered rate for deposits in the applicable Committed Currency at approximately 11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period or, if for any
reason such rate is not available, the average (rounded upward to the nearest whole multiple of  1/16 of 1% per annum,
if such average is not such a multiple) of the rate per annum at which deposits in such Committed Currency are offered by the principal office of each of the Reference Banks in London, England to prime banks in the London interbank market at
11:00 A.M. (London time) two Business Days before the first day of such Interest Period in an amount substantially equal to such Reference Bank’s Eurocurrency Rate Advance comprising part of such Borrowing to be outstanding during such
Interest Period and for a period equal to such Interest Period or, (ii) in the case of any Advance denominated in Euros, the EURIBO Rate by (b) a percentage equal to 100% minus the Eurocurrency Rate Reserve Percentage for such Interest
Period. If for any reason such rate is unavailable, the Eurocurrency Rate for any Interest Period for each Eurocurrency Rate Advance comprising part of the same Borrowing shall be determined by the Agent on the basis of applicable rates furnished to
and received by the Agent from the Reference Banks two Business Days before the first day of such Interest Period, subject, however, to the provisions of Section 2.08. 
  

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 “Eurocurrency Rate Advance” means an Advance denominated in a Committed
Currency that bears interest as provided in Section 2.07(a)(ii). 
 “Eurocurrency Rate Reserve
Percentage” for any Interest Period for all Eurocurrency Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued
from time to time by the Board of Governors of the U.S. Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for
a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to
which the interest rate on Eurocurrency Rate Advances is determined) having a term equal to such Interest Period. 
 “Events of Default” has the meaning specified in Section 6.01. 
 “Facility”
means the Revolving Credit Facility or the Letter of Credit Facility. 
 “Federal Funds Rate” means, for any
period, a fluctuating interest rate per annum equal for each day during such period 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 next 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
for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by it. 
 “Foreign Assets” means those assets of the Guarantor or any of its Subsidiaries that (a) consist of capital stock or other equity interests of Foreign Subsidiaries, (b) are assets owned by Foreign Subsidiaries or
(c) are located outside of the United States. 
 “Foreign Subsidiary” means each Subsidiary of the
Guarantor organized in a jurisdiction other than the United States or a political subdivision thereof. 
 “French
Borrowers” means Lubrizol France and any other Designated Subsidiary that is incorporated in France that shall become a Borrower hereunder pursuant to Section 9.12 and “French Borrower” means any one of them. 
 “GAAP” has the meaning specified in Section 1.03. 
 “Guaranteed Obligations” has the meaning specified in Section 7.01. 
 “Guaranty” means the guaranty of the Guarantor set forth in Article VII. 
 “Hazardous Materials” means (a) petroleum and petroleum products, byproducts or breakdown products, radioactive
materials, asbestos-containing materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials or substances designated, classified or regulated as hazardous or toxic or as a pollutant or contaminant, under any
Environmental Law. 
 “Increase Date” has the meaning specified in Section 2.18(a). 
 “Increasing Lender” has the meaning specified in Section 2.18(b). 
 “Interest Period” means, for each Eurocurrency Rate Advance comprising part of the same Borrowing, the period commencing
on the date of such Eurocurrency Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurocurrency Rate Advance and ending on the last day of 

  

 8 

 
the period selected by the applicable Borrower pursuant to the provisions below and, thereafter, with respect to Eurocurrency Rate Advances, each subsequent
period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by such Borrower pursuant to the provisions below. The duration of each such Interest Period shall one, two, three or
six months, and subject to clause (c) of this definition, nine or twelve months, as such Borrower may, upon notice received by the Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the first day of
such Interest Period, select; provided, that no more than three Interest Periods of less than one month may be outstanding at any time and; provided, further, that: 
 (a) such Borrower may not select any Interest Period that ends after the Termination Date; 
 (b) Interest Periods commencing on the same date for Eurocurrency Rate Advances comprising part of the same Borrowing shall be of the same
duration; 
 (c) in the case of any such Borrowing, such Borrower shall not be entitled to select an Interest Period having a
duration of nine or twelve months unless, by 2:00 P.M. (New York City time) on the third Business Day prior to the first day of such Interest Period, each Lender notifies the Agent that such Lender will be providing funding for such Borrowing with
such Interest Period (the failure of any such Lender to so respond by such time being deemed for all purposes of this Agreement as an objection by such Lender to the requested duration of such Interest Period); provided that, if any or all of the
Lenders object to the requested duration of such Interest Period, the duration of the Interest Period for such Borrowing shall be one, two, three or six months, as specified by the Borrower requesting such Borrowing in the applicable Notice of
Borrowing as the desired alternative to an Interest Period of nine or twelve months; 
 (d) whenever the last day of any
Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would cause the
last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and 
 (e) whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically
corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar
month. 
 “Internal Revenue Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time,
and the regulations promulgated and rulings issued thereunder. 
 “Invested Amounts” means the amounts
invested by investors that are not Affiliates of the Guarantor in connection with a Permitted Receivables Financing and paid to the Guarantor or any of its Subsidiaries, as reduced by the aggregate amounts received by such investors from the payment
of receivables and applied to reduce such invested amounts. 
 “Issuing Bank” means an Initial Issuing Bank
or any Eligible Assignee to which a portion of the Letter of Credit Commitment hereunder has been assigned pursuant to Section 9.07 so long as such Eligible Assignee expressly agrees to perform in accordance with their terms all of the
obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Applicable Lending Office (which information shall be recorded by the Agent in the Register), for so long as the
Initial Issuing Bank or Eligible Assignee, as the case may be, shall have a Letter of Credit Commitment. 
  

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 “L/C Cash Collateral Account” means an interest-bearing cash collateral
account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent. 
 “L/C Related Documents” has the meaning specified in Section 2.06(b)(i). 
 “Lenders” means the Initial Lenders, each Issuing Bank, each Assuming Lender that shall become a party hereto pursuant to
Section 2.18 and each Person that shall become a party hereto pursuant to Section 9.07. 
 “Letter of
Credit” shall have the meaning specified in Section 2.01(b). 
 “Letter of Credit Agreement”
shall have the meaning specified in Section 2.03(a). 
 “Letter of Credit Commitment” means as to any
Issuing Bank (a) the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or (b) if such Issuing Bank has entered into one or more Assignment and
Acceptances, the amount set forth for such Issuing Bank in the Registrar maintained by the Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such
time pursuant to Section 2.05. 
 “Letter of Credit Facility” means, at any time, an amount equal to the
lesser of (a) the aggregate amount of the Issuing Banks’ Letter of Credit Commitments at such time and (b) EUR 15,000,000, as such amount may be reduced at or prior to such time pursuant to Section 2.05. 
 “Lien” means any lien, security interest or other charge or encumbrance of any kind, including, without limitation, the
lien or retained security title of a conditional vendor and any security interest or mortgage granted in real property and, in the case of a Borrower or Designated Subsidiary organized under the laws of, or property located in, Belgium, any mortgage
(hypotheek / hypothèque), pledge (pand / nantissement), privilege (voorrecht / privilège), retention right (eigendomsvoorbehoud / droit de retention/réserve de propriété), any real
surety (zakelijke zekerheid / sûreté réelle) and any transfer by way of security (overdracht ten titel van zekerheid / transfert à titre de garantie) or any mandates granted in this respect. 
 “Loan Documents” means this Agreement, the Notes and the other L/C Related Documents. 
 “Loan Parties” means the Guarantor and each Borrower. 
 “Mandatory Cost” means the percentage rate per annum calculated by the Agent in accordance with Schedule II attached
hereto. 
 “Material Adverse Change” means any material adverse change in the business, condition (financial
or otherwise) or results of operations of the Guarantor and its Subsidiaries taken as a whole. 
 “Material Adverse
Effect” means a material adverse effect on (a) the business, condition (financial or otherwise) or operations of the Guarantor and its Subsidiaries taken as a whole, (b) the rights and remedies of the Agent or any Lender under
this Agreement or any Note, (c) the ability of any Borrower to perform its obligations under this Agreement or any Note or (d) the ability of the Guarantor to perform its obligations under this Agreement. 
 “Moody’s” means Moody’s Investors Service, Inc. 
  

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 “Multiemployer Plan” means a multiemployer plan, as defined in
Section 4001(a)(3) of ERISA, to which the Guarantor or any ERISA Affiliate 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.

 “Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA,
that (a) is maintained for employees of the Guarantor or any ERISA Affiliate and at least one Person other than the Guarantor and the ERISA Affiliates or (b) was so maintained and in respect of which the Guarantor or any ERISA Affiliate
could have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Note” means a promissory note of a Borrower payable to the order of any Lender, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A hereto, evidencing the aggregate
indebtedness of such Borrower to such Lender resulting from the Advances made by such Lender. 
 “Notice of
Borrowing” has the meaning specified in Section 2.02(a). 
 “Notice of Issuance” has the
meaning specified in Section 2.03(a). 
 “Other Taxes” has the meaning specified in
Section 2.14(b). 
 “PBGC” means the Pension Benefit Guaranty Corporation (or any successor).

 “Permitted Receivables Financing” means the limited recourse sale (or other transfer) of accounts
receivable by the Guarantor or any of its Subsidiaries in connection with the securitization thereof, which sale (or other transfer) is non-recourse to the extent customary in securitizations and consistent with past practice and which is upon terms
and conditions reasonably satisfactory to the Agent; provided that the sum of, without duplication, (a) the aggregate Invested Amounts and (b) the outstanding principal amount of obligations secured by receivables (and related
assets) for all such Permitted Receivables Financings shall not exceed $250,000,000 at any time outstanding. 
 “Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association, joint venture, limited liability company or other entity, or a government or any
political subdivision or agency thereof. 
 “Plan” means a Single Employer Plan or a Multiple Employer Plan.

 “Protesting Lender” has the meaning specified in Section 9.12(a). 
 “Public Debt Rating” means, as of any date, the rating that has been most recently announced by either S&P or
Moody’s, as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by the Guarantor or, if either of S&P or Moody’s has issued more than one such rating, the lowest such rating issued by such
rating agency. For purposes of the foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the Applicable Margin and the Applicable Commitment Fee Rate shall be determined by reference to the available
rating; (b) if neither S&P nor Moody’s shall have in effect a Public Debt Rating, the Applicable Margin and the Applicable Commitment Fee Rate will be set in accordance with Level 4 under the definition of “Applicable
Margin” or “Applicable Commitment Fee Rate”, as the case may be; (c) if any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which such change is first
announced publicly by the rating agency making such change; (d) if S&P or Moody’s shall change the basis on which ratings are established, each reference to the Public Debt Rating announced by S&P or Moody’s, as the case may
be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be; and (e) if the ratings established by S&P and Moody’s shall fall within different levels, the Applicable Margin and Applicable Commitment Fee
Rate shall be based upon the higher rating, unless the lower of such ratings is more than 

  

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one level below the higher of such ratings, in which case the Applicable Margin and the Applicable Commitment Fee Rate shall be based upon the level that is
one level above the lower of such ratings. 
 “Ratable Share” of any amount means, with respect to any Lender
at any time, the product of (a) a fraction, the numerator of which is the amount of such Lender’s Revolving Credit Commitment at such time (or, if the Revolving Credit Commitments shall have been terminated pursuant to Section 2.05 or
6.01, such Lender’s Revolving Credit Commitment as in effect immediately prior to such termination) and the denominator of which is the aggregate Revolving Credit Commitments at such time (or, if the Revolving Credit Commitments shall have been
terminated pursuant to Section 2.05 or 6.01, the aggregate Revolving Credit Commitment as in effect immediately prior to such termination) and (b) such amount. 
 “Receivables Subsidiary” means a Domestic Subsidiary of the Guarantor that has as its sole purpose to engage in, and
engages solely in, Permitted Receivables Financings permitted under this Agreement. 
 “Reference Banks”
means RBS and Deutsche Bank AG. 
 “Register” has the meaning specified in Section 9.07(d). 

“Required Lenders” means at any time Lenders owed at least a majority in interest of the then aggregate unpaid
principal amount (based on the Equivalent in Euros at such time) of the Advances then outstanding, or, if no such principal amount is then outstanding, Lenders having at least a majority in interest of the Commitments. 
 “Revolving Credit Commitment” means as to any Lender (a) the Euro amount set forth opposite such Lender’s name
on Schedule I hereto as such Lender’s “Revolving Credit Commitment”, (b) if such Lender has become a Lender hereunder pursuant to an Assumption Agreement, the Euro amount set forth in such Assumption Agreement or (c) if such
Lender has entered into any Assignment and Acceptance, the Euro amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 9.07(d), as such amount may be reduced pursuant to Section 2.05 or increased
pursuant to Section 2.18. 
 “Revolving Credit Facility” means, at any time, the aggregate amount of the
Lenders’ Revolving Credit Commitments at such time. 
 “S&P” means Standard & Poor’s,
a division of The McGraw-Hill Companies, Inc. 
 “Single Employer Plan” means a single employer plan, as
defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of the Guarantor or any ERISA Affiliate and no Person other than the Guarantor and the ERISA Affiliates or (b) was so maintained and in respect of which the
Guarantor or any ERISA Affiliate could have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Sterling”, “GBP” and the “£” sign each means lawful currency of the United Kingdom of Great Britain and Northern Ireland. 
 “Subordinated Obligations” has the meaning specified in Section 7.05. 
 “Subsidiary” of any Person means any corporation, partnership, joint venture, limited liability company, trust or estate
of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether at the time capital stock of any other
class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such limited liability company, partnership or joint venture or (c) the beneficial
interest in such trust or 

  

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estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more
of such Person’s other Subsidiaries. 
 “Taxes” has the meaning specified in Section 2.14(a).

 “Termination Date” means the earlier of (a) July 21, 2012 and (b) the date of termination
in whole of the Commitments pursuant to Section 2.05 or 6.01. 
 “Type” refers to the distinction
between Base Rate Advances and Eurocurrency Rate Advances. 
 “Unused Revolving Credit Commitment” means,
with respect to each Lender at any time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Advances (based on the Equivalent in Euros at such time)
made by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of the aggregate Available Amount of all the Letters of Credit (based on the Equivalent in Euros at such time)
outstanding at such time. 
 “Voting Stock” means capital stock issued by a corporation, or equivalent
interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been
suspended by the happening of such a contingency. 
 SECTION 1.02. Computation of Time Periods. In this Agreement in the computation
of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”. 
 SECTION 1.03. Accounting Terms. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed
in accordance with generally accepted accounting principles in the United States, as in effect from time to time (“GAAP”); provided that, if the Guarantor notifies the Agent that the Guarantor requests an amendment to any
provision hereof as a result of a change in GAAP or in the application thereof on the operation of such provision (or if the Agent notifies the Guarantor that the Required Lenders request an amendment to any provision hereof for such purpose),
regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP in effect and applied immediately before such change shall have become
effective until such notice shall have been withdrawn or such provision amended in accordance herewith. 
 ARTICLE II 
 AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT 
 SECTION 2.01. The Advances and Letters of Credit. (a) Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrowers from time to time on any
Business Day during the period from the Effective Date until the date that is one month prior to the Termination Date in an amount not to exceed at any time such Lender’s Unused Revolving Credit Commitment. Each Borrowing shall be in an amount
not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of
each Lender’s Revolving Credit Commitment, the Borrowers may borrow under this Section 2.01(a), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(a). 
 (b) Letters of Credit. Each Issuing Bank agrees, on the terms and conditions hereinafter set forth, to issue standby letters of credit (each, a
“Letter of Credit”) denominated in any Committed Currency for the account of any Borrower from time to time on any Business Day during the period from the Effective Date until one month before the Termination Date in an aggregate
Available Amount (i) for all Letters of Credit issued by each Issuing Bank not to exceed at any time the lesser of (x) the Letter of Credit Facility at such time and (y) such Issuing 

  

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Bank’s Letter of Credit Commitment at such time and (ii) for each such Letter of Credit not to exceed an amount equal to the aggregate Unused
Revolving Credit Commitments of the Lenders at such time. Each Letter of Credit shall be in a face amount of EUR 1,000,000 (or its Equivalent) or more. No Letter of Credit shall have an expiration date (including all rights of the applicable
Borrower or the beneficiary to require renewal) later than the earlier of (x) the date that is one year after the date of issuance thereof or (y) 10 Business Days prior to the Termination Date. Within the limits referred to above, the
Borrowers may request the issuance of Letters of Credit under this Section 2.01(b), repay any Advances resulting from drawings thereunder pursuant to Section 2.03(c) and request the issuance of additional Letters of Credit under this
Section 2.01(b). Each letter of credit listed on Schedule 2.01(b) shall be deemed to constitute a Letter of Credit issued hereunder, and each Lender that is an issuer of such a Letter of Credit shall, for purposes of Section 2.03, be
deemed to be an Issuing Bank for each such letter of credit, provided that any renewal or replacement of any such letter of credit shall be issued by an Issuing Bank pursuant to the terms of this Agreement. 
 SECTION 2.02. Making the Advances. (a) Except as otherwise provided in Section 2.03(c), each Borrowing shall be made on written notice,
given not later than (x) 4:00 P.M. (London time) on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurocurrency Rate Advances denominated in Euros or Sterling,
(y) 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurocurrency Rate Advances denominated in Dollars or (z) 11:00 A.M. (New York City
time) on the date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the applicable Borrower to the Agent, which shall give to each Lender prompt notice thereof by telecopier. Each such notice of a Borrowing (a
“Notice of Borrowing”) shall be by telephone, confirmed immediately in writing, or telecopier in substantially the form of Exhibit B hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type of
Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of Eurocurrency Rate Advances, initial Interest Period and currency for each such Advance. Each Lender shall
before 1:00 P.M. (New York City time) on the date of such Borrowing make available for the account of its Applicable Lending Office to the Agent at the Agent’s Account, in same day funds, such Lender’s ratable portion of such
Borrowing. After the Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 3.03, the Agent shall make such funds available to the Borrower that requested such Advance by depositing such funds
to such account as such Borrower shall specify. 
 (b) Anything in subsection (a) above to the contrary notwithstanding, (i) the
Borrowers may not select Eurocurrency Rate Advances for any Borrowing if the aggregate amount of such Borrowing is less than the Borrowing Minimum or if the obligation of the Lenders to make Eurocurrency Rate Advances shall then be suspended
pursuant to Section 2.08 or 2.12 and (ii) the Eurocurrency Rate Advances may not be outstanding as part of more than fifteen separate Borrowings. 
 (c) Each Notice of Borrowing shall be irrevocable and binding on the Borrower giving such Notice. In the case of any Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurocurrency Rate
Advances, the Borrower giving such Notice shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the
applicable conditions set forth in Section 3.03, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by
such Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date. 
 (d) Unless the Agent shall
have received notice from a Lender prior to the date of any Borrowing that such Lender, contrary to its Commitment, will not make available to the Agent such Lender’s ratable portion of such Borrowing, the Agent may assume that such Lender has
made such portion available to the Agent on the date of such Borrowing in accordance with subsection (a) of this Section 2.02 and the Agent may, in reliance upon such assumption, make available to the applicable Borrower on such date a
corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to the Agent, such Lender and such Borrower severally agree to repay without duplication to the Agent forthwith on demand such
corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower until the date such amount is repaid to the Agent, at (i) in the case of such Borrower, the higher of (A) the
interest rate applicable at the time to Advances comprising such Borrowing and (B) the cost of funds incurred by the Agent in 

  

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respect of such amount and (ii) in the case of such Lender, (A) the Federal Funds Rate in the case of Advances denominated in Dollars or
(B) the cost of funds incurred by the Agent in respect of such amount in the case of Advances denominated in Euros or Sterling. If such Lender shall repay to the Agent such corresponding amount, such amount so repaid shall constitute such
Lender’s Advance as part of such Borrowing for purposes of this Agreement. 
 (e) The failure of any Lender to make the Advance to be
made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Advance
to be made by such other Lender on the date of any Borrowing. Nothing herein shall be deemed to prejudice any rights which any Borrower may have against a Lender as a result of any default by a Lender hereunder. 
 SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit. (a) Request for Issuance. Each Letter of Credit
shall be issued upon notice, given not later than 1:00 P.M. (New York City time) on the fifth Business Day prior to the date of the proposed issuance of such Letter of Credit (or on such shorter notice as the applicable Issuing Bank may agree),
by any Borrower to any Issuing Bank, and such Issuing Bank shall give the Agent, prompt notice thereof by telecopier. Each such notice of issuance of a Letter of Credit (a “Notice of Issuance”) shall be by telephone, confirmed
immediately in writing, or telecopier, specifying therein the requested (i) date of such issuance (which shall be a Business Day), (ii) Available Amount and currency of such Letter of Credit, (iii) expiration date of such Letter of
Credit (which shall not be later than one year after the issuance thereof), (iv) name and address of the beneficiary of such Letter of Credit and (v) form of such Letter of Credit, and shall be accompanied by such customary application and
agreement for letter of credit as such Issuing Bank may specify to the Borrower requesting such issuance for use in connection with such requested Letter of Credit (a “Letter of Credit Agreement”). If the requested form of such
Letter of Credit is acceptable to such Issuing Bank in its sole discretion, such Issuing Bank will, upon fulfillment of the applicable conditions set forth in Article III, make such Letter of Credit available to the Borrower requesting such
issuance at its office referred to in Section 9.02 or as otherwise agreed with such Borrower in connection with such issuance. In the event and to the extent that the provisions of any Letter of Credit Agreement shall conflict with this
Agreement, the provisions of this Agreement shall govern. 
 (b) Participations. By the issuance of a Letter of Credit (or an
amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from such
Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Ratable Share of the aggregate amount available to be drawn under such Letter of Credit. The Borrowers hereby agree to each such participation. In consideration and
in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Agent, for the account of such Issuing Bank, such Lender’s Ratable Share of each drawing made under a Letter of Credit funded by such
Issuing Bank and not reimbursed by the applicable Borrower on the date made, or of any reimbursement payment required to be refunded to a Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations
pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and
continuance of a Default or reduction or termination of the Revolving Credit Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Lender further acknowledges and agrees that
its participation in each Letter of Credit will be automatically adjusted to reflect such Lender’s Ratable Share of the Available Amount of such Letter of Credit at each time such Lender’s Revolving Credit Commitment is amended pursuant to
a Commitment Increase in accordance with Section 2.18, an assignment in accordance with Section 9.07 or otherwise pursuant to this Agreement. 
 (c) Drawing and Reimbursement. The payment by an Issuing Bank of a draft drawn under any Letter of Credit shall constitute for all purposes of this Agreement the making by any such Issuing Bank of an Advance,
which, in the case of a draft denominated in Euros or Sterling, shall be a Base Rate Advance in Dollars equal to the Equivalent of the amount of such draft and, in the case of a draft denominated in Dollars, shall be a Base Rate Advance in the
amount of such draft. Each Issuing Bank shall give prompt notice (and such Issuing Bank will use its commercially reasonable efforts to deliver such notice within one Business Day) of each drawing under any Letter of Credit issued by it to the
applicable Borrower and the Agent. Upon written demand by such Issuing Bank, 

  

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with a copy of such demand to the Agent, each Lender shall pay to the Agent such Lender’s Ratable Share of such outstanding Advance, by making available
for the account of its Applicable Lending Office to the Agent for the account of such Issuing Bank, by deposit to the Agent’s Account, in same day funds, an amount equal to the portion of the outstanding principal amount of such Advance to be
funded by such Lender. Promptly after receipt thereof, the Agent shall transfer such funds to such Issuing Bank. Each Lender agrees to fund its Ratable Share of an outstanding Advance on (i) the Business Day on which demand therefor is made by
such Issuing Bank, provided that notice of such demand is given not later than 11:00 A.M. (New York City time) on such Business Day, or (ii) the first Business Day next succeeding such demand if notice of such demand is given after
such time. If and to the extent that any Lender shall not have so made the amount of such Advance available to the Agent, such Lender agrees to pay to the Agent forthwith on demand such amount together with interest thereon, for each day from the
date of demand by any such Issuing Bank until the date such amount is paid to the Agent, at the Federal Funds Rate for its account or the account of such Issuing Bank, as applicable. If such Lender shall pay to the Agent such amount for the account
of any such Issuing Bank on any Business Day, such amount so paid in respect of principal shall constitute a Advance made by such Lender on such Business Day for purposes of this Agreement, and the outstanding principal amount of the Advance made by
such Issuing Bank shall be reduced by such amount on such Business Day. 
 (d) Letter of Credit Reports. Each Issuing Bank shall
furnish (i) to the Agent on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit during the preceding month and drawings during such month under all Letters of Credit issued by it
and (ii) to the Agent and each Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by it.

 (e) Failure to Make Advances. The failure of any Lender to make the Advance to be made by it on the date specified in
Section 2.03(c) shall not relieve any other Lender of its obligation hereunder to make its Advance on such date, but no Lender shall be responsible for the failure of any other Lender to make the Advance to be made by such other Lender on such
date. 
 SECTION 2.04. Fees. (a) Commitment Fee. The Borrowers agree to pay to the Agent for the account of each Lender a
commitment fee on the average daily Unused Revolving Credit Commitment of such Lender, from the Effective Date in the case of each Initial Lender and from the effective date specified in the Assumption Agreement or in the Assignment and Acceptance
pursuant to which it became a Lender in the case of each other Lender until the Termination Date, at a rate per annum equal to the Applicable Commitment Fee Rate in effect from time to time, payable in arrears quarterly on the last day of each
March, June, September and December, commencing September 30, 2009, and on the Termination Date. 
 (b) Letter of Credit Fees.
(i) Each Borrower shall pay to the Agent for the account of each Lender a commission on such Lender’s Ratable Share of the average daily aggregate Available Amount of all Letters of Credit issued at its request and outstanding from time to
time at a rate per annum equal to the Applicable Margin for Eurocurrency Rate Advances in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December, commencing September 30, 2009, and on
the Termination Date, and after the Termination Date payable upon demand; provided that the Applicable Margin shall increase by 2% upon the occurrence and during the continuation of an Event of Default if the Borrowers are required to pay
default interest pursuant to Section 2.07(b). 
 (ii) Each Borrower shall pay to each Issuing Bank for its own account
such reasonable and customary fronting, issuance, presentation, amendment and other processing fees as may from time to time be agreed in writing between such Borrower and such Issuing Bank. 
 (c) Agent’s Fees. The Borrowers shall pay to the Agent for its own account the fees set forth in the fee letter between the Guarantor on
behalf of the Borrowers and the Agent or as may from time to time be otherwise agreed in writing between the Borrowers and the Agent. 
 SECTION 2.05. Optional Termination or Reduction of the Commitments. (a) The Borrowers shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part
the Unused Revolving Credit Commitments, provided that each partial reduction (i) shall be in 

  

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the aggregate amount of EUR 10,000,000 or an integral multiple of EUR 1,000,000 in excess thereof and (ii) shall be made ratably among the Lenders in
accordance with their Revolving Credit Commitments. 
 (b) The Borrowers shall have the right, upon at least three Business Days’ notice
to the Agent, to terminate in whole or permanently reduce ratably in part the unused Letter of Credit Commitments, provided that, to the extent practicable, each partial reduction shall be made ratably among the Issuing Banks in accordance
with their Letter of Credit Commitments. 
 SECTION 2.06. Repayment. (a) Advances. Each Borrower shall repay to the Agent
for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Advances made to it then outstanding. 
 (b) Letter of Credit Reimbursements. The obligations of the Borrowers under this Agreement, any Letter of Credit Agreement and any other agreement or instrument, in each case, relating to any Letter of Credit shall be unconditional
and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other agreement or instrument under all circumstances, including, without limitation, the following circumstances
(it being understood that any such payment by the Borrowers is without prejudice to, and does not constitute a waiver of, any rights the Borrowers might have or might acquire as a result of the payment by any Lender of any draft or the reimbursement
by the Borrowers thereof or any claim that a Borrower might have under Section 9.13): 
 (i) any lack of validity or
enforceability of this Agreement, any Letter of Credit, any Letter of Credit Agreement or any other agreement or instrument, in each case, relating thereto (all of the foregoing being, collectively, the “L/C Related Documents”);

 (ii) any change in the time, manner or place of payment of, or in any other term of, all or any of the obligations of the
Borrowers in respect of any L/C Related Document or any other amendment or waiver of or any consent to departure from all or any of the L/C Related Documents; 
 (iii) the existence of any claim, set-off, defense or other right that the Borrowers may have at any time against any beneficiary or any
transferee of a Letter of Credit (or any Persons for which any such beneficiary or any such transferee may be acting), any Issuing Bank, the Agent, any Lender or any other Person, whether in connection with the transactions contemplated by the L/C
Related Documents or any unrelated transaction; 
 (iv) any statement or any other document presented under a Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 
 (v) payment by any Issuing Bank under a Letter of Credit against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; 
 (vi) any exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any
guarantee, for all or any of the obligations of the Borrowers in respect of the L/C Related Documents; or 
 (vii) any other
circumstance or happening whatsoever, whether or not similar to any of the foregoing, including, without limitation, any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrowers or a guarantor.

 SECTION 2.07. Interest on Advances. (a) Scheduled Interest. Each Borrower shall pay interest on the unpaid principal
amount of each Advance made to it and owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum: 
  

 17 

 (i) Base Rate Advances. During such periods as such Advance is a Base Rate
Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time plus (z) the Mandatory Cost, if any, payable in arrears
quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full. 
 (ii) Eurocurrency Rate Advances. During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum equal at all
times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time plus (z) the Mandatory Cost,
if any, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest
Period and on the date such Eurocurrency Rate Advance shall be Converted or paid in full. 
 (b) Default Interest. Upon the occurrence
and during the continuance of an Event of Default that has not been waived, the Agent may, and upon the request of the Required Lenders shall, require each Borrower to pay interest (“Default Interest”) on (i) the unpaid
principal amount of each Advance made to it and owing to each Lender, payable in arrears on the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per annum above the rate per annum required
to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder that is not paid when due, from the date such amount
shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on Base
Rate Advances pursuant to clause (a)(i) above; provided, however, that following acceleration of the Advances pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder whether or not previously required
by the Agent. 
 (c) Effective Global Rate. For the purposes of articles L. 313-4 of the French Code Monétaire et
Financier and articles L. 313-1 and L. 313-2, R. 313-1 and R. 313-2 of the French Code de la Consommation, Lubrizol France acknowledges that the effective global rate (taux effectif global or TEG) for the Facility cannot be
calculated as of the date hereof, primarily because of the floating nature of the rate of interest applicable to the Advances and the ability of the Borrowers to select the currency and the duration of each Interest Period. However, Lubrizol France
acknowledges that it has received from the Agent, on the date hereof, a letter (the “TEG Letter”) containing an example of calculation of the effective global rate, based upon certain assumptions as set out in the TEG Letter. In
addition, in the event that any French Designated Subsidiary becomes a Borrower hereunder, the Designation Letter for such additional Borrower shall contain an acknowledgement of such Designated Subsidiary similar to the acknowledgement of Lubrizol
France contained in this Section 2.07(c) and a letter substantially in the same form as the TEG Letter. The TEG Letter and any other letter delivered to a French Designated Subsidiary shall form an integral part of this Agreement. 

SECTION 2.08. Interest Rate Determination. (a) Each Reference Bank agrees to furnish to the Agent timely information for the purpose of
determining each Eurocurrency Rate. If any one or more of the Reference Banks shall not furnish such timely information to the Agent for the purpose of determining any such interest rate, the Agent shall determine such interest rate on the basis of
timely information furnished by the remaining Reference Banks. The Agent shall give prompt notice to the Borrowers and the Lenders of the applicable interest rate determined by the Agent for purposes of Section 2.07(a)(i) or (ii), and the rate,
if any, furnished by each Reference Bank for the purpose of determining the interest rate under Section 2.07(a)(ii). 
 (b) If, with
respect to any Eurocurrency Rate Advances, the Required Lenders notify the Agent that (i) they are unable to obtain matching deposits in the London inter-bank market at or about 11:00 A.M. (New York City time) on the second Business Day before
the making of a Borrowing in sufficient amounts to fund their respective Advances as a part of such Borrowing during its Interest Period or (ii) the Eurocurrency Rate for any Interest Period for such Advances will not adequately reflect the
cost to such Required Lenders, as determined in the exercise of each such Lender’s commercially reasonable discretion, of making, funding or maintaining their respective Eurocurrency Rate Advances for such Interest Period, the Agent shall
forthwith so notify the Borrowers and the Lenders, whereupon (A) the relevant Borrowers will, on the last day of the then existing Interest Period 

  

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therefor, (1) if such Eurocurrency Rate Advances are denominated in Dollars, either (x) prepay such Advances or (y) Convert such Advances into
Base Rate Advances and (2) if such Eurocurrency Rate Advances are denominated in Euros or Sterling, either (x) prepay such Advances or (y) exchange such Advances into an Equivalent amount of Dollars and Convert such Advances into Base
Rate Advances and (B) the obligation of the Lenders to make, or to Convert Advances into, Eurocurrency Rate Advances shall be suspended until the Agent shall notify the Borrowers and the Lenders that the circumstances causing such suspension no
longer exist. 
 (c) If any Borrower shall fail to select the duration of any Interest Period for any Eurocurrency Rate Advances in
accordance with the provisions contained in the definition of “Interest Period” in Section 1.01, the Agent will forthwith so notify such Borrower and the Lenders and such Advances will automatically, on the last day of the then
existing Interest Period therefor, (i) if such Eurocurrency Rate Advances are denominated in Dollars, Convert into Base Rate Advances and (ii) if such Eurocurrency Rate Advances are denominated in Euros or Sterling, be exchanged for an
Equivalent amount of Dollars and Convert into Base Rate Advances. 
 (d) On the date on which the aggregate unpaid principal amount of
Eurocurrency Rate Advances denominated in Dollars comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than the Borrowing Minimum, such Advances shall automatically Convert into Base Rate Advances. 
 (e) Upon the occurrence and during the continuance of any Event of Default that has not been waived, (i) each Eurocurrency Rate Advance will
automatically, on the last day of the then existing Interest Period therefor, (A) if such Eurocurrency Rate Advances are denominated in Dollars, be Converted into Base Rate Advances and (B) if such Eurocurrency Rate Advances are
denominated in Euros or Sterling, be exchanged for an Equivalent amount of Dollars and be Converted into Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurocurrency Rate Advances shall be
suspended. 
 (f) If the service selected by the Agent to determine the EURIBO Rate or Eurocurrency Rate is unavailable and fewer than two
Reference Banks furnish timely information to the Agent for determining the Eurocurrency Rate for any Eurocurrency Rate Advances, 
 (i) the Agent shall forthwith notify the Borrowers and the Lenders that the interest rate cannot be determined for such Eurocurrency Rate Advances, 
 (ii) each such Eurocurrency Rate Advance will automatically, on the last day of the then existing Interest Period therefor, (A) if
such Eurocurrency Rate Advance is denominated in Dollars, Convert into a Base Rate Advance and (B) if such Eurocurrency Rate Advance is denominated in Euros or Sterling, be prepaid by the applicable Borrower or be automatically exchanged for an
Equivalent amount of Dollars and be Converted into a Base Rate Advance (or if such Advance is then a Base Rate Advance, will continue as a Base Rate Advance), and 
 (iii) the obligation of the Lenders to make Eurocurrency Rate Advances denominated in, or to Convert Advances into Eurocurrency Rate
Advances of, the affected currency shall be suspended until the Agent shall notify the Borrowers and the Lenders that the circumstances causing such suspension no longer exist. 
 SECTION 2.09. Optional Conversion of Advances. Any Borrower may on any Business Day, upon notice given to the Agent not later than 11:00 A.M.
(New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 and 2.12, Convert any or all Advances of one Type comprising the same Borrowing made to it into Advances
of the other Type; provided, however, that any Conversion of Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Rate Advances, any Conversion of Base Rate
Advances into Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b) and
each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably 

  

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among the Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above,
specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion
shall be irrevocable and binding on the Borrower giving such notice. 
 SECTION 2.10. Prepayments of Advances.
(a) Optional. Any Borrower may, upon notice not later than 11:00 A.M. (London time) two Business Days prior to the date of such prepayment, in the case of Eurocurrency Rate Advances, and not later than 11:00 A.M. (New York City time) on
the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given, such Borrower shall prepay the outstanding principal amount of the
Advances comprising part of the same Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall
be in an aggregate principal amount not less than the Borrowing Minimum or a Borrowing Multiple in excess thereof and (y) in the event of any such prepayment of a Eurocurrency Rate Advance, the applicable Borrower shall be obligated to
reimburse the Lenders in respect thereof pursuant to Section 9.04(c). 
 (b) Mandatory. (i) If, on any date, the Agent
notifies the Borrowers that, on any interest payment date, the sum of (A) the aggregate principal amount of all Advances denominated in Euros then outstanding plus (B) the Equivalent in Euros (determined on the third Business Day prior to
such interest payment date) of the aggregate principal amount of all Advances denominated in Dollars or Sterling then outstanding exceeds 105% of the aggregate Revolving Credit Commitments of the Lenders on such date, Lubrizol France shall (or shall
procure that the other Borrowers shall), as soon as practicable and in any event within five Business Days after receipt of such notice, subject to the proviso to this sentence set forth below, prepay the outstanding principal amount of any Advances
owing by the Borrower in an aggregate amount sufficient to reduce such sum to an amount not to exceed 100% of the aggregate Revolving Credit Commitments of the Lenders on such date together with any interest accrued to the date of such prepayment on
the aggregate principal amount of Advances prepaid; provided that if the aggregate principal amount of Base Rate Advances outstanding at the time of such required prepayment is less than the amount of such required prepayment, the portion of
such required prepayment in excess of the aggregate principal amount of Base Rate Advances then outstanding shall be deferred until the earliest to occur of the last day of the Interest Period of the outstanding Eurocurrency Rate Advances in an
aggregate amount equal to the excess of such required prepayment. 
 (ii) Each prepayment made pursuant to this Section 2.10(b) shall be
made together with any interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case of any prepayment of a Eurocurrency Rate Advance on a date other than the last day of an Interest Period or at its maturity, any
additional amounts which the Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to Section 9.04(c). The Agent shall give prompt notice of any prepayment required under this Section 2.10(b) to the Borrowers
and the Lenders. 
 SECTION 2.11. Increased Costs. (a) If, due to either (i) the introduction of or any change in or in the
interpretation of any law or regulation or (ii) the compliance with any guideline or request from any central bank or other governmental authority including, without limitation, any agency of the European Union or similar monetary or
multinational authority (whether or not having the force of law), there shall be any increase in the cost to any Lender of agreeing to make or making, funding or maintaining Eurocurrency Rate Advances or agreeing to issue or of issuing or
maintaining or participating in Letters of Credit (excluding for purposes of this Section 2.11 any such increased costs resulting from taxes (as to which Section 2.14 shall govern)), then the Borrower to which such Eurocurrency Rate
Advances were made or which requested such Letters of Credit (or each Borrower ratably, in respect of unused Revolving Credit Commitment) shall from time to time, without premium or penalty, upon written demand by such Lender (with a copy of such
demand to the Agent), pay to the Agent for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost; provided however, that at such time such Lender shall be generally assessing such
amounts on a non-discriminatory basis against borrowers under agreements having provisions similar to this Section. A certificate as to the amount of such increased cost, submitted to such Borrower and the Agent by such Lender, shall be conclusive
and binding for all purposes, absent error in the calculation of such amounts. 
  

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 (b) If any Lender determines that compliance with any law or regulation or any guideline or request from
any central bank or other governmental authority (whether or not having the force of law) affects or would affect the amount of capital required or expected to be maintained by such Lender or any corporation controlling such Lender (taking into
consideration such Lender’s (or such controlling corporation’s) policies with respect to capital adequacy) and that the amount of such capital is increased by or based upon the existence of such Lender’s commitment to lend or to issue
or participate in Letters of Credit hereunder and other commitments of this type or the issuance or maintenance of or participation in the Letters of Credit (or similar contingent obligations), then, upon written demand by such Lender (with a copy
of such demand to the Agent), each Borrower shall pay to the Agent for the account of such Lender, from time to time as specified by such Lender, without premium or penalty, additional amounts sufficient to compensate such Lender or such corporation
in the light of such circumstances, to the extent that such Lender reasonably determines such increase in capital to be allocable to the existence of such Lender’s commitment to lend or to issue or participate in Letters of Credit hereunder or
the issuance or maintenance of or participation in the Letters of Credit, in an amount for each Borrower determined in accordance with the amount of Advances made to it and Letters of Credit issued at its request (or for each Borrower ratably, in
respect of unused Revolving Credit Commitment); provided, however, that at such time such Lender shall be generally assessing such amounts on a non-discriminatory basis against borrowers under agreements having provisions similar to
this Section. A certificate as to such amounts submitted to the relevant Borrowers and the Agent by such Lender shall be conclusive and binding for all purposes, absent error in the calculation of such amounts. 
 (c) Each Lender will notify the relevant Borrowers of any change that will entitle such Lender to compensation under this Section 2.11 as promptly
as practicable, but in any event within 90 days after such Lender obtains knowledge thereof; provided, however, that, if any Lender fails to give such notice within 90 days after it obtains knowledge of such change, such Lender shall,
with respect to compensation payable in respect of any costs resulting from such change, only be entitled to payment for costs incurred from and after the date that such Lender does give such notice plus, if such change shall have retroactive
effect, costs resulting from such change during the period of retroactive effect thereof. Any Lender claiming any additional amounts payable pursuant to this Section agrees to use reasonable efforts (consistent with its internal policy and legal and
regulatory restrictions) to change the jurisdiction of its Eurocurrency Lending Office if the making of such a change would avoid the need for, or reduce the amount of, any such additional amounts that may thereafter accrue and would not, in the
reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. 
 SECTION 2.12. Illegality. Notwithstanding any
other provision of this Agreement, if any Lender shall notify the Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other governmental authority asserts that
it is unlawful, for any Lender or its Eurocurrency Lending Office to perform its obligations hereunder to make Eurocurrency Rate Advances in any Committed Currency or to fund or maintain Eurocurrency Rate Advances in such Committed Currency
hereunder, (a) each Eurocurrency Rate Advance will automatically, upon such demand (i) if such Eurocurrency Rate Advance is denominated in Dollars, be Converted into a Base Rate Advance and (ii) if such Eurocurrency Rate Advance is
denominated in Euros or Sterling, be exchanged into an Equivalent amount of Dollars and be Converted into a Base Rate Advance and (b) the obligation of the Lenders to make Eurocurrency Rate Advances or to Convert Advances into Eurocurrency Rate
Advances shall be suspended until the Agent shall notify the Borrowers and the Lenders that the circumstances causing such suspension no longer exist. 
 SECTION 2.13. Payments and Computations. (a) The Borrowers shall make each payment hereunder, irrespective of any right of counterclaim or set-off, not later than 11:00 A.M. (New York City time) on
the day when due in Euros (except for Advances denominated in any other Committed Currency, in which case such payments shall be made in such Committed Currency) to the Agent, by deposit of such funds to the Agent’s Account in same day funds.
The Guarantor shall make each payment due by it hereunder, irrespective of any right of counterclaim or set-off, not later than 11:00 A.M. (New York City time) on the day when due in Euros (except for guaranty obligations in respect of
obligations of the Borrowers denominated in any other Committed Currency, in which case such payments shall be made in such Committed Currency) to the Agent, by deposit of such funds to the Agent’s Account in same day funds. The Agent will
promptly thereafter cause to be distributed like funds relating to the payment of principal, interest, commitment fees or commissions ratably (other than amounts payable pursuant to Section 2.04(b)(ii), 2.11, 2.14 or 9.04(c)) to the Lenders for
the account of their respective Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the 

  

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account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. Upon any Assuming Lender becoming a
Lender hereunder as a result of a Commitment Increase pursuant to Section 2.18 and upon the Agent’s receipt of such Lender’s Assumption Agreement and recording of the information contained therein in the Register, from and after the
applicable Increase Date, the Agent shall make all payments hereunder and under any Notes issued in connection therewith in respect of the interest assumed thereby to the Assuming Lender. Upon its acceptance of an Assignment and Acceptance and
recording of the information contained therein in the Register pursuant to Section 9.07(c), from and after the effective date specified in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in
respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior to such effective date directly between
themselves. 
 (b) All computations of interest based on the Base Rate shall be made by the Agent on the basis of a year of 365 or 366 days,
as the case may be, and all computations of interest based on the Eurocurrency Rate or the Federal Funds Rate and of fees and Letter of Credit commissions shall be made by the Agent on the basis of a year of 360 days, in each case for the actual
number of days (including the first day but excluding the last day) occurring in the period for which such interest, fees or commissions are payable. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for
all purposes, absent manifest error. 
 (c) Whenever any payment hereunder or under the Notes shall be stated to be due on a day other than a
Business Day, such payment shall be made on the Business Day next succeeding, and such extension of time shall in such case be included in the computation of payment of interest, fee or commission, as the case may be; provided,
however, that, if such extension would cause payment of interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on the Business Day next preceding. 
 (d) Unless the Agent shall have received notice from the applicable Borrower prior to the date on which any payment is due to the Lenders hereunder that
such Borrower will not make such payment in full, the Agent may assume that such Borrower has made such payment in full to the Agent on such date and the Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due
date an amount equal to the amount then due such Lender. If and to the extent any Borrower shall not have so made such payment in full to the Agent, each Lender shall repay to the Agent forthwith on demand such amount distributed to such Lender
together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Agent, at (i) the Federal Funds Rate in the case of Advances denominated in Dollars or
(ii) the cost of funds incurred by the Agent in respect of such amount in the case of Advances denominated in Euros or Sterling. 
 (e)
If the Agent receives funds for application to the obligations hereunder under circumstances for which neither this Agreement nor any Borrower specifies the Advances to which, or the manner in which, such funds are to be applied, the Agent may, but
shall not be obligated to, elect to distribute such funds to each Lender ratably in accordance with such Lender’s proportionate share of the sum of the principal amount of all outstanding Advances and the Available Amount of all Letters of
Credit then outstanding, in repayment or prepayment of such of the outstanding Advances or other obligations owed to such Lender, and for application to such principal installments, as the Agent shall direct, in each case first toward such Advances
or other obligations as are denominated in the same currency as such received funds. 
 (f) To the extent that the Agent receives funds for
application to the amounts owing by the Borrowers under or in respect of this Agreement or any Note in currencies other than the currency or currencies required to enable the Agent to distribute funds to the Lenders in accordance with the terms of
this Section 2.13, the Agent shall be entitled to convert or exchange such funds into such other Committed Currency, to the extent necessary to enable the Agent to distribute such funds in accordance with the terms of this Section 2.13;
provided that each Borrower and each of the Lenders hereby agree that the Agent shall not be liable or responsible for any loss, cost or expense suffered by such Borrower or such Lender as a result of any conversion or exchange of currencies
affected pursuant to this Section 2.13(f) or as a result of the failure of the Agent to effect any such conversion or exchange; and provided further that such Borrower agrees to indemnify the Agent and each Lender, and hold the Agent and each
Lender harmless, for any and all losses, costs and expenses incurred by the Agent or 

  

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any Lender for any conversion or exchange of currencies (or the failure to convert or exchange any currencies) in accordance with this Section 2.13(f).

 (g) Notwithstanding any of the foregoing or any other provision of this Credit Agreement or the Notes to the contrary, payments of
interest made by Lubrizol France or any French Designated Subsidiary in respect of any Advances owing to any Lender acting through a lending office in France shall be paid directly by such Borrower to such Lender (or if requested by the Agent prior
to the date such interest is due and owing, to a paying agent in France appointed by the Agent for such purpose for onward transfer in France by such paying agent to such Lender) exclusively through French bank accounts, in an amount to each such
Lender (or paying agent, as applicable) as calculated by the Agent upon the request of such Borrower. Each Lender acting through a lending office in France agrees to notify the Borrowers in writing that it is acting through a lending office in
France as soon as possible but no later than two (2) Business Days prior to the date an interest payment is due and owing to such Lender. 
 SECTION 2.14. Taxes. (a) Any and all payments by the Borrowers to or for the account of any Lender or the Agent hereunder or under the Notes and any and all payments by the Guarantor to or for the account of any Lender or the
Agent hereunder shall be made, in accordance with Section 2.13 or the applicable provisions of such other documents, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or
withholdings, and all liabilities with respect thereto, excluding, in the case of each Lender and the Agent, (i) foreign, United States federal, state and local taxes imposed on its overall net income and franchise taxes imposed on it in
lieu of net income taxes by the jurisdiction under the laws of which such Lender or the Agent (as the case may be) is organized or any political subdivision thereof, or by any jurisdiction where such Lender or the Agent (as the case may be) is doing
business or any political subdivision thereof and, in the case of each Lender, taxes imposed on its overall net income, and franchise taxes imposed on it in lieu of net income taxes, by the jurisdiction of such Lender’s Applicable Lending
Office or any political subdivision thereof, or by any jurisdiction where such Lender’s Applicable Lending Office is doing business or any political subdivision thereof and (ii) United States state and local withholding taxes (in the
appropriate amount) on the gross amount of interest paid by the Loan Parties for which such Lender or the Agent (as the case may be) is entitled to a credit for such withholding taxes against a tax described in (i) (all such non-excluded taxes,
levies, imposts, deductions, charges, withholdings and liabilities in respect of payments hereunder or under the Notes being hereinafter referred to as “Taxes”). If any Borrower shall be required by law to deduct any Taxes from or
in respect of any sum payable hereunder or under any Note or any other documents to be delivered hereunder to any Lender or the Agent or if the Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder or
under any other documents to be delivered hereunder to any Lender or the Agent, (x) the sum payable shall be increased as may be necessary so that after making all required deductions (including deductions applicable to additional sums payable
under this Section 2.14) such Lender or the Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (y) such Loan Party shall make such deductions and (z) such Loan Party
shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. For the avoidance of doubt, if any Loan Party shall be required by a court of competent jurisdiction to pay over an amount
other than as Taxes, there shall be no adjustment as to such payment under this Section 2.14(a). 
 (b) In addition, each relevant
Borrower shall pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies that arise from any payment made hereunder or under the Notes any other documents to be delivered hereunder or from
the execution, delivery or registration of, performing under, or otherwise with respect to, this Agreement or the Notes or any other documents to be delivered hereunder (hereinafter referred to as “Other Taxes”). 
 (c) Each Borrower (solely in respect of Taxes, Other Taxes and any liability arising therefrom or with respect thereto that are related to Advances made
to such Borrower or Letters of Credit issued at the request of such Borrower; and otherwise, ratably with each other Borrower), and the Guarantor shall indemnify each Lender and the Agent for and hold it harmless against the full amount of Taxes or
Other Taxes (including, without limitation, taxes of any kind imposed or asserted by any jurisdiction on amounts payable under this Section 2.14) imposed on or paid by such Lender or the Agent (as the case may be) and any liability (including
penalties, interest and expenses) arising therefrom or with respect thereto. This indemnification shall be made within 30 days from the date such Lender or the Agent (as the case may be) makes written demand therefor. 
  

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 (d) Within 30 days after the date of any payment of Taxes, the relevant Loan Party shall furnish to the
Agent, at its address referred to in Section 9.02, the original or a certified copy of a receipt evidencing such payment to the extent such a receipt is issued therefor, or other written proof of payment thereof that is reasonably satisfactory
to the Agent. 
 (e) Each Lender organized under the laws of a jurisdiction outside the United States, on or prior to the date of its
execution and delivery of this Agreement in the case of each Initial Lender and on the date of the Assumption Agreement or the Assignment and Acceptance pursuant to which it becomes a Lender in the case of each other Lender, and from time to time
thereafter as reasonably requested in writing by the Guarantor (but only so long as such Lender remains lawfully able to do so), shall provide each of the Agent and the Guarantor with two original Internal Revenue Service forms W-8BEN or
W-8ECI, as appropriate, or any successor or other form prescribed by the Internal Revenue Service, properly certifying that such Lender is exempt from or entitled to a reduced rate of United States withholding tax on payments pursuant to this
Agreement or the Notes. If the form provided by a Lender at the time such Lender first becomes a party to this Agreement indicates a United States interest withholding tax rate in excess of zero, withholding tax at such rate shall be considered
excluded from Taxes (and tax withheld in excess of such rate shall be included in Taxes) unless and until such Lender provides the appropriate forms certifying that a lesser rate applies, whereupon withholding tax at such lesser rate only shall be
considered excluded from Taxes for periods governed by such form; provided, however, that, if at the date of the Assignment and Acceptance pursuant to which a Lender assignee becomes a party to this Agreement, the Lender assignor was
entitled to payments under subsection (a) in respect of United States withholding tax with respect to interest paid at such date, then, to such extent, the term Taxes shall include (in addition to withholding taxes that may be imposed in the
future or other amounts otherwise includable in Taxes) United States withholding tax, if any, applicable with respect to the Lender assignee on such date. If any form or document referred to in this subsection (e) requires the disclosure of
information, other than information necessary to compute the tax payable and information required on the date hereof by Internal Revenue Service form W-8BEN or W-8ECI, that the Lender reasonably considers to be confidential, the Lender shall
give notice thereof to the Guarantor and shall not be obligated to include in such form or document such confidential information. For purposes of this subsection (e), the terms “United States” and “United States
person” shall have the meanings specified in Section 7701 of the Internal Revenue Code 
 (f) For any period with respect to
which a Lender has failed to provide the Guarantor with the appropriate form, certificate or other document described in Section 2.14(e) (other than if such failure is due to a change in law, or in the interpretation or application
thereof, occurring subsequent to the date on which a form, certificate or other document originally was required to be provided, or if such form otherwise is not required under subsection (e) above), such Lender shall not be entitled to
indemnification under Section 2.14(a) or (c) with respect to Taxes imposed by the United States by reason of such failure and the Loan Parties may withhold at the full United States statutory withholding tax rate on interest (currently,
30%); provided, however, that should a Lender become subject to Taxes because of its failure to deliver a form, certificate or other document required hereunder, the Loan Parties shall take such steps as the Lender shall reasonably
request to assist the Lender to recover such Taxes. 
 (g) Each Lender that (i) is a non-French tax resident and (ii) lending to a
French Borrower from a lending office in France severally agrees to provide the French Borrower and the Agent with a letter from its local French tax office complying with the conditions set out in the French tax authorities guidelines 5 I-1224
n° 50, dated December 1, 1997. Such Lender will provide such letter to the French Borrower and the Agent each year before the date of the first payment of interest to be made in such year by the French Borrower to the benefit of such
Lender. In the case where the applicable Lender would not provide such letter as required above, and as a consequence, the French Borrower would deduct as required by law a French withholding tax from the interest paid to such Lender, such
withholding tax shall be considered excluded from Taxes. The French Borrower shall take such steps as reasonably requested by such Lender, and such Lender shall cooperate with the Borrower, in order to recover the withholding tax from the French tax
authorities to the extent allowed by law and the French Borrower shall promptly remit to such Lender the amount of the withholding tax refunded to it. 
 (h) Each Lender that makes an Advance to, or that issues a Letter of Credit at the request of, Lubrizol Europe or LECC (or any Belgian Designated Subsidiary that becomes a Borrower hereunder) represents, as of the
date hereof, that it is a tax resident of a member state of the European Economic Area and/or of a country with a bilateral tax treaty in effect with Belgium. 
  

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 SECTION 2.15. Sharing of Payments, Etc. If any Lender shall obtain any payment (whether voluntary,
involuntary, through the exercise of any right of set-off, or otherwise) on account of the Advances owing to it (other than pursuant to Section 2.11, 2.14 or 9.04(c)) in excess of its ratable share of payments on account of the Advances
obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such participations in the Advances owing to them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them;
provided, however, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the
purchase price to the extent of such recovery together with an amount equal to such Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered
from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. Each Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this
Section 2.15 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off as provided in Section 9.05) with respect to such participation as fully as if such Lender were the direct
creditor of such Borrower in the amount of such participation. 
 SECTION 2.16. Evidence of Debt. (a) Each Lender shall maintain
in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Advance owing to such Lender from time to time, including the amounts of principal and interest payable and
paid to such Lender from time to time hereunder in respect of Advances. Each Borrower agrees that upon notice by any Lender to such Borrower (with a copy of such notice to the Agent) to the effect that a Note is required or appropriate in order for
such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Advances owing to, or to be made by, such Lender, such Borrower shall promptly execute and deliver to such Lender a Note in substantially the form of Exhibit A
hereto, payable to the order of such Lender in a principal amount equal to the Revolving Credit Commitment of such Lender. 
 (b) The
Register maintained by the Agent pursuant to Section 9.07(d) shall include a control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made
hereunder, the Type of Advances comprising such Borrowing, the currency of such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each Assumption Agreement and each Assignment and Acceptance delivered to
and accepted by it, (iii) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder and (iv) the amount of any sum received by the Agent from each Borrower hereunder
and each Lender’s share thereof. 
 (c) Entries made in good faith by the Agent in the Register pursuant to subsection (b) above,
and by each Lender in its account or accounts pursuant to subsection (a) above, shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from each Borrower to, in the case of the
Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of the Agent or such Lender to make an entry, or any finding that an
entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of the Borrowers under this Agreement. 
 SECTION 2.17. Use of Proceeds. The proceeds of the Advances shall be available (and each of the Borrowers agrees that it or its Subsidiaries, as applicable, shall use such proceeds) solely for general corporate
purposes of the Borrowers and their respective Subsidiaries. 
 SECTION 2.18. Increase in the Aggregate Commitments. (a) The
Borrowers may, at any time but in any event not more than once in any calendar year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Commitment be increased by an amount of EUR 10,000,000 or an integral
multiple thereof (each a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (the “Increase Date”) as specified in the related notice
to the Agent; provided, however that (i) in no event shall the aggregate amount of the Commitments at any time exceed EUR 200,000,000 and (ii) on the date of any request by the Borrowers for a Commitment Increase and on the
related Increase Date the applicable conditions set forth in Article III shall be satisfied. 
  

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 (b) The Agent shall promptly notify the Lenders of a request by the Borrowers for a Commitment Increase,
which notice shall include (i) the proposed amount of such requested Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which Lenders wishing to participate in the Commitment Increase must commit to an increase
in the amount of their respective Commitments (the “Commitment Date”). Each Lender that is willing to participate in such requested Commitment Increase (each an “Increasing Lender”) shall, in its sole discretion,
give written notice to the Agent on or prior to the Commitment Date of the amount by which it is willing to increase its Commitment. If the Lenders notify the Agent that they are willing to increase the amount of their respective Commitments by an
aggregate amount that exceeds the amount of the requested Commitment Increase, the requested Commitment Increase shall be allocated among the Lenders willing to participate therein in such amounts as are agreed between the Borrowers and the Agent.

 (c) Promptly following each Commitment Date, the Agent shall notify the Borrowers as to the amount, if any, by which the Lenders are
willing to participate in the requested Commitment Increase. If the aggregate amount by which the Lenders are willing to participate in any requested Commitment Increase on any such Commitment Date is less than the requested Commitment Increase,
then the Borrowers may extend offers to one or more Eligible Assignees to participate in any portion of the requested Commitment Increase that has not been committed to by the Lenders as of the applicable Commitment Date; provided,
however, that the Commitment of each such Eligible Assignee shall be in an amount of EUR 5,000,000 or an integral multiple of EUR 1,000,000 in excess thereof. 
 (d) On each Increase Date, each Eligible Assignee that accepts an offer to participate in a requested Commitment Increase in accordance with Section 2.18(b) (each such Eligible Assignee, an “Assuming
Lender”) shall become a Lender party to this Agreement as of such Increase Date and the Commitment of each Increasing Lender for such requested Commitment Increase shall be so increased by such amount (or by the amount allocated to such
Lender pursuant to the last sentence of Section 2.18(b)) as of such Increase Date; provided, however, that the Agent shall have received on or before such Increase Date the following, each dated such date: 
 (i) (A) certified copies of resolutions of the Board of Directors of each Loan Party or the Executive Committee of such Board
approving the Commitment Increase and the corresponding modifications to this Agreement and (B) an opinion of counsel for each Loan (which may be in-house counsel), in substantially the form of Exhibit D hereto; 
 (ii) an assumption agreement from each Assuming Lender, if any, in form and substance satisfactory to the Borrowers and the Agent (each an
“Assumption Agreement”), duly executed by such Eligible Assignee, the Agent and the Borrowers; and 
 (iii)
confirmation from each Increasing Lender of the increase in the amount of its Commitment in a writing satisfactory to the Borrowers and the Agent. 
 On each
Increase Date, upon fulfillment of the conditions set forth in the immediately preceding sentence of this Section 2.18(d), the Agent shall notify the Lenders (including, without limitation, each Assuming Lender) and the Borrowers, on or before
1:00 P.M. (New York City time), by telecopier, of the occurrence of the Commitment Increase to be effected on such Increase Date and shall record in the Register the relevant information with respect to each Increasing Lender and each Assuming
Lender on such date. Each Increasing Lender and each Assuming Lender shall, before 2:00 P.M. (New York City time) on the Increase Date, make available for the account of its Applicable Lending Office to the Agent at the Agent’s Account, in same
day funds, in the case of such Assuming Lender, an amount equal to such Assuming Lender’s ratable portion of the Borrowings then outstanding (calculated based on its Revolving Credit Commitment as a percentage of the aggregate Revolving Credit
Commitments outstanding after giving effect to the relevant Commitment Increase) and, in the case of such Increasing Lender, an amount equal to the excess of (i) such Increasing Lender’s ratable portion of the Borrowings then outstanding
(calculated based on its Revolving Credit Commitment as a percentage of the aggregate Revolving Credit Commitments outstanding after giving effect to the relevant Commitment Increase) over (ii) such Increasing Lender’s ratable portion of
the Borrowings then outstanding (calculated based on its Revolving Credit Commitment (without giving effect to the relevant Commitment Increase) as a percentage of the aggregate Revolving Credit Commitments (without giving effect to the relevant
Commitment Increase). After the Agent’s receipt of such funds 

  

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from each such Increasing Lender and each such Assuming Lender, the Agent will promptly thereafter cause to be distributed like funds to the other Lenders
for the account of their respective Applicable Lending Offices in an amount to each other Lender such that the aggregate amount of the outstanding Advances owing to each Lender after giving effect to such distribution equals such Lender’s
ratable portion of the Borrowings then outstanding (calculated based on its Revolving Credit Commitment as a percentage of the aggregate Revolving Credit Commitments outstanding after giving effect to the relevant Commitment Increase). 

SECTION 2.19. Credit Transactions in France. Each Lender that makes an Advance to, or that issues a Letter of Credit at the request of,
Lubrizol France (or any French Designated Subsidiary that becomes a Borrower hereunder) represents that it is authorized to carry out such credit transactions in France pursuant to applicable banking monopoly laws and regulations of France.

 SECTION 2.20. Credit Obligations of Borrowers Several. For the avoidance of doubt, it is acknowledged that the obligations of the
Borrowers (including any Designated Subsidiary that becomes a Borrower hereunder) are several and no Borrower is acting jointly and severally with any other Loan Party or shall be the joint and several obligor for the obligations of any other Loan
Party under the Loan Documents. 
 ARTICLE III 
 CONDITIONS TO EFFECTIVENESS AND LENDING 
 SECTION 3.01. Conditions Precedent to Effectiveness of
Section 2.01. Section 2.01 of this Agreement shall become effective on and as of the first date on or prior to July 21, 2009 (the “Effective Date”) on which the following conditions precedent have been satisfied:

 (a) There shall have occurred no Material Adverse Change since December 31, 2008. 
 (b) There shall exist no action, suit, investigation, litigation or proceeding affecting the Guarantor or any of its Subsidiaries pending
or, to the knowledge of the Guarantor, threatened before any court, governmental agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect other than the matters described on Schedule 3.01(b) hereto (the
“Disclosed Litigation”) or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the transactions contemplated hereby, and there shall have been no material
adverse change in the status, or financial effect on the Guarantor or any of its Subsidiaries, of the Disclosed Litigation from that described on Schedule 3.01(b) hereto. 
 (c) Nothing shall have come to the attention of the Lenders during the course of their due diligence investigation to lead them to believe
that any written information provided to them by the Loan Parties was or has become misleading, incorrect or incomplete in any material respect; without limiting the generality of the foregoing, the Lenders shall have been given such access to the
management, records, books of account, contracts and properties of the Guarantor and its Subsidiaries as they shall have reasonably requested. 
 (d) All governmental and third party consents and approvals necessary in connection with the transactions contemplated hereby shall have been obtained (without the imposition of any conditions that are not acceptable
to the Lenders) and shall remain in effect, and no law or regulation shall be applicable in the reasonable judgment of the Lenders, in each case that restrains, prevents or imposes materially adverse conditions upon the transactions contemplated
hereby. 
 (e) The Borrowers shall have notified each Lender and the Agent in writing as to the proposed Effective Date.

 (f) The Guarantor shall have paid (or procured the payment of) all accrued fees and expenses of the Agent and the Lenders
(including the accrued reasonable fees and expenses of counsel to the Agent). 
  

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 (g) On the Effective Date, the following statements shall be true and the Agent shall
have received for the account of each Lender a certificate signed by a duly authorized officer of each of the Loan Parties, dated the Effective Date, stating that: 
 (i) The representations and warranties of such Loan Party contained in Article IV are correct on and as of the Effective Date, and

 (ii) No event has occurred and is continuing that constitutes a Default. 
 (h) The Agent shall have received on or before the Effective Date the following, each dated such day, in form and substance satisfactory
to the Agent and (except for the Notes) in sufficient copies for each Lender: 
 (i) The Notes to the Lenders to the extent
requested by any Lender pursuant to Section 2.16. 
 (ii) Certified copies of (A) the constitutive documents of each
Loan Party (including, (1) in the case of Lubrizol Europe and LECC, the corporate file of each of Lubrizol Europe and LECC, such corporate file to include at least the Articles of Association (statuten), certificate of non-bankruptcy,
and an up to date extract from the Crossroad Bank for Enterprises (Kruispuntbank van Ondernemingen) in respect of Lubrizol Europe and LECC, respectively, and (2) in the case of Lubrizol France the Statuts and the Extrait
K-bis of Lubrizol France), (B) the resolutions of the board of directors (or persons performing similar functions) or shareholders (as appropriate) of each Loan Party approving each Loan Document to which it is a party and, with respect to
each of Lubrizol Europe and LECC, resolutions confirming that the entry into the Loan Documents and the transactions contemplated thereby is in its corporate interest and (C) all documents evidencing other necessary corporate action and
governmental approvals of each Loan Party, if any, with respect to each Loan Document to which it is a party. 
 (iii) A
certificate of the Secretary or an Assistant Secretary (or persons performing similar functions) of each Loan Party certifying the names and true signatures of the officers of such Loan Party authorized to sign each Loan Document to which it is a
party and the other documents to be delivered hereunder (to the extent such information is not available in the Extract from the Crossroad Bank of Enterprises, the Extrait K-bis or similar public record of such Loan Party). 
 (iv) A favorable opinion of the Vice President and General Counsel of the Guarantor, substantially in the form of Exhibit D-1 hereto.

 (v) (A) A favorable opinion of Jones, Day, special Belgian counsel to the Belgian Borrowers, substantially in the form
of Exhibit D-2, (B) a favorable opinion of in-house French counsel to the Borrowers, substantially in the form of Exhibit D-3, and (C) a favorable opinion of Cruz & Co., Gibraltar counsel to the Borrowers, substantially in the
form of Exhibit D-4 hereto. 
 (vi) Lubrizol France shall have acknowledged receipt of the TEG Letter pursuant to
Section 2.07(c). 
 (i) The borrowers party to the Five Year Credit Agreement dated as of September 14, 2005 (as
amended, the “Existing Credit Agreement”) among Lubrizol France (formerly known as Noveon Holdings France S.A.S.), Lubrizol Advanced Materials Europe BVBA (formerly known as Noveon Europe BVBA), the Guarantor, the lenders parties thereto
and ABN AMRO Bank, N.A., as administrative agent, shall have terminated the commitments of the lenders and repaid or prepaid all of the obligations under the Existing Credit Agreement, and each of the Lenders that is a party to the Existing Credit
Agreement hereby 

  

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waives, upon execution of this Agreement, any notice required by the Existing Credit Agreement relating to the termination of commitments thereunder.

 SECTION 3.02. Conditions Precedent to the Initial Borrowing of Each Designated Subsidiary. The obligation of each Lender to make an
initial Advance to each Designated Subsidiary following its designation as a Borrower hereunder pursuant to Section 9.12 on the occasion of the initial Borrowing thereby is subject to the Agent’s receipt on or before the date of such
initial Borrowing of each of the following, in form and substance satisfactory to the Agent and dated such date: 
 (a) The
Designation Letter of such Designated Subsidiary, in substantially the form of Exhibit E hereto. 
 (b) The Note of such
Designated Subsidiary to the Lenders to the extent requested by any Lender pursuant to Section 2.16. 
 (c) A certificate
of the Secretary or an Assistant Secretary (or person performing similar functions) of such Designated Subsidiary certifying (i) appropriate resolutions of the board of directors (or persons performing similar functions) of such Designated
Subsidiary approving this Agreement and its Notes, and all documents evidencing other necessary corporate (or equivalent) action and governmental approvals, if any, with respect to this Agreement and its Notes (copies of which shall be attached
thereto) and (ii) the names and true signatures of the officers of such Designated Subsidiary authorized to sign the Designation Letter of such Designated Subsidiary and its Notes and the other documents to be delivered by such Designated
Subsidiary hereunder. 
 (d) A copy of a certificate of the Secretary of State (or other appropriate governmental authority)
of the jurisdiction of organization of such Designated Subsidiary (to the extent such certificates are generally obtainable in such jurisdiction), dated reasonably near the date of such Borrowing, certifying that such Designated Subsidiary is
duly organized and in good standing (or the equivalent thereof) under the laws of the jurisdiction of its organization. 
 (e)
A certificate signed by a duly authorized officer of such Designated Subsidiary, dated as of the date of such Borrowing, certifying that such Designated Subsidiary has obtained all authorizations, consents, approvals (including, without limitation,
exchange control approvals) and licenses of any governmental authority or other third party necessary for such Designated Subsidiary to execute and deliver its Designation Letter and its Notes and to perform its obligations under this Agreement or
any of its Notes. 
 (f) Such other documents, opinions and other information as any Lender, through the Agent, may reasonably
request, including, without limitation, “know your customer” information customarily required in accordance with relevant banking regulations. 
 SECTION 3.03. Conditions Precedent to Each Borrowing, Issuance and Commitment Increase. The obligation of each Lender to make an Advance on the occasion of each Borrowing, the obligations of each Issuing Bank
to issue a Letter of Credit and each Commitment Increase shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing, such issuance or such Commitment Increase, as applicable,
(a) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing, Notice of Issuance or request for Commitment Increase and the acceptance by such Borrower of the proceeds of such Borrowing shall
constitute a representation and warranty by such Borrower that on the date of such Borrowing or such issuance or the applicable Increase Date such statements are true): 
 (i) the representations and warranties contained in Article IV (except, in the case of Borrowings made after the initial Borrowing and in
the case of the issuance of Letters of Credit, the representations set forth in the last sentence of Section 4.01(e) thereof) (and, if such Borrowing shall have been requested by a Designated Subsidiary, the representations and warranties of
such Designated Subsidiary contained in its Designation Letter) are correct on and as of such date, before and after giving 

  

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effect to such Borrowing, such issuance or such Commitment Increase and to the application of the proceeds therefrom, as though made on and as of such date
except to the extent that such representations and warranties expressly relate to an earlier specified date, and 
 (ii) no
event has occurred and is continuing, or would result from such Borrowing, such issuance or such Commitment Increase or from the application of the proceeds therefrom, that constitutes a Default; 
 and (b) the Agent shall have received such other approvals, opinions or documents as any Lender through the Agent may reasonably request. 
 In addition to the other conditions precedent herein set forth, if any Lender becomes, and during the period it remains, a Defaulting Lender, no Issuing Bank will be
required to issue or renew any Letter of Credit, unless such Issuing Bank is satisfied that any exposure that would result therefrom is eliminated or fully covered by the Commitments of the non-Defaulting Lenders or by cash collateralization or a
combination thereof satisfactory to such Issuing Bank. 
 SECTION 3.04. Determinations Under Section 3.01. For purposes of
determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or
approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrowers, by notice to
the Lenders, designate as the proposed Effective Date, specifying its objection thereto. The Agent shall promptly notify the Lenders of the occurrence of the Effective Date. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 SECTION 4.01. Representations and Warranties of the Guarantor. The Guarantor represents and warrants as follows: 
 (a) The Guarantor is a Person duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation.

 (b) The execution, delivery and performance by the Guarantor of each Loan Document to which it is a party and to be
delivered by it, and the consummation of the transactions contemplated hereby, are within the Guarantor’s corporate or other powers, have been duly authorized by all necessary corporate or other action, and do not contravene (i) the
Guarantor’s charter or code of regulations or comparable organizational documents or (ii) any applicable law or any contractual restriction in any material contract or, to the knowledge of the chief financial officer of the Guarantor, any
other contract the breach of which would limit the ability of the Guarantor to perform its obligations under any Loan Document, binding on or affecting the Guarantor. 
 (c) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or any
other third party is required for the due execution, delivery and performance by the Guarantor of any Loan Document to which it is a party and to be delivered by it or for the consummation of the transactions contemplated hereby, other than
authorizations, approvals, actions, notices or filings (i) that have been duly obtained, taken, given or made and are in full force and effect or (ii) as to which the failure to obtain, take, give or make would not reasonably be likely to
result in a Material Adverse Effect. 
 (d) This Agreement has been duly executed and delivered by the Guarantor. This
Agreement is the legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance 

  

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with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other
similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or law). 
 (e) The Consolidated balance sheet of the Guarantor and its Subsidiaries as at December 31, 2008, and the related Consolidated statements of income and cash flows of the Guarantor and its Subsidiaries for the
fiscal year then ended, accompanied by an opinion of Deloitte & Touche LLP, independent public accountants, and the Consolidated balance sheet of the Guarantor and its Subsidiaries as at March 31, 2009, and the related Consolidated
statements of income and cash flows of the Guarantor and its Subsidiaries for the three months then ended, duly certified by the chief financial officer of the Guarantor, copies of which have been furnished to each Lender, fairly present, subject,
in the case of said balance sheet as at March 31, 2009, and said statements of income and cash flows for the three months then ended, to year-end audit adjustments, the Consolidated financial condition of the Guarantor and its Subsidiaries as
at such dates and the Consolidated results of the operations of the Guarantor and its Subsidiaries for the periods ended on such dates, all in accordance with GAAP consistently applied. Since December 31, 2008, there has been no Material
Adverse Change. 
 (f) There is no pending or, to the Guarantor’s knowledge, threatened action, suit, investigation,
litigation or proceeding, including, without limitation, any Environmental Action, affecting the Guarantor or any of its Subsidiaries before any court, governmental agency or arbitrator that (i) would be reasonably likely to have a Material
Adverse Effect (other than the Disclosed Litigation) or (ii) purports to affect the legality, validity or enforceability of this Agreement or any other Loan Document or the consummation of the transactions contemplated hereby, and there has
been no adverse change in the status, or financial effect on the Guarantor or any of its Subsidiaries, of the Disclosed Litigation from that described on Schedule 3.01(b) hereto. 
 (g) Any information, exhibit or report that has been or will hereafter be furnished by or on behalf of the Guarantor to the Agent or any
Lender in connection with the negotiation and syndication of this Agreement or pursuant to the terms of this Agreement is and will be when furnished, taken as a whole, complete and correct in all material respects and does not and will not, when
furnished, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein not misleading in light of the circumstances under which such statements were or are made.

 (h) The Guarantor is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock
(within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Advance will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing
or carrying any margin stock. 
 (i) The Guarantor is not an “investment company”, or a company
“controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
 (j) The Guarantor is, individually and together with its Subsidiaries, Solvent. “Solvent” means, with respect to any Person on a particular date, that on such date (i) the fair value of the property of such Person is
greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (ii) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the
probable liability of such Person on its debts as they become absolute and matured, (iii) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and
liabilities as they mature and (iv) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital. The
amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances 

  

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existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 SECTION 4.02. Representations and Warranties of the Borrowers. Each Borrower represents and warrants as follows: 
 (a) It is a Person duly organized, validly existing and in good standing under the laws of the jurisdiction of its formation (to the
extent such concept is recognized under such laws generally). 
 (b) The execution, delivery and performance by it of each
Loan Document to which it is a party and to be delivered by it, and the consummation of the transactions contemplated hereby, are within such Borrower’s corporate or other powers, have been duly authorized by all necessary corporate or other
action, and do not contravene (i) such Borrower’s charter or bylaws or comparable organizational documents or (ii) any applicable law or any contractual restriction in any material contract or, to the knowledge of the chief financial
officer of such Borrower, any other contract the breach of which would limit the ability of such Borrower to perform its obligations under any Loan Document, binding on or affecting such Borrower. With respect to Lubrizol Europe and LECC, the entry
into the Loan Documents and the transactions contemplated thereby is in its corporate interest. 
 (c) No authorization or
approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or any other third party is required for the due execution, delivery and performance by such Borrower of any Loan Document to which it is a
party and to be delivered by it or for the consummation of the transactions contemplated hereby, other than authorizations, approvals, actions, notices or filings (i) that have been duly obtained, taken, given or made and are in full force and
effect or (ii) as to which the failure to obtain, take, give or make would not reasonably be likely to result in a Material Adverse Effect. 
 (d) This Agreement has been, and each of the other Loan Documents to be delivered by it when delivered hereunder will have been, duly executed and delivered by it. This Agreement is, and the other Loan Documents when
delivered hereunder will be, its legal, valid and binding obligation enforceable against it in accordance with their respective terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or law). 
 (e) There is no pending or, to such Borrower’s knowledge, threatened action, suit, investigation, litigation or proceeding,
including, without limitation, any Environmental Action, affecting such Borrower or any of its Subsidiaries before any court, governmental agency or arbitrator that (i) would be reasonably likely to have a Material Adverse Effect (other than
the Disclosed Litigation) or (ii) purports to affect the legality, validity or enforceability of this Agreement or any other Loan Document or the consummation of the transactions contemplated hereby, and there has been no adverse change in the
status, or financial effect on such Borrower or any of its Subsidiaries, of the Disclosed Litigation from that described on Schedule 3.01(b) hereto. 
 (f) Any information, exhibit or report that has been or will hereafter be furnished by or on behalf of such Borrower to the Agent or any Lender in connection with the negotiation and syndication of this Agreement or
pursuant to the terms of this Agreement is and will be when furnished, taken as a whole, complete and correct in all material respects and does not and will not, when furnished, contain any untrue statement of a material fact or omit to state a
material fact necessary in order to make the statements contained therein not misleading in light of the circumstances under which such statements were or are made. 
 (g) Such Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the
meaning of Regulation U issued by the Board of 

  

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Governors of the Federal Reserve System), and no proceeds of any Advance will be used to purchase or carry any margin stock or to extend credit to others for
the purpose of purchasing or carrying any margin stock. 
 (h) Such Borrower is not an “investment company”, or a
company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
 ARTICLE V 
 COVENANTS OF THE LOAN PARTIES 
 SECTION 5.01. Affirmative Covenants. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, each Borrower and the Guarantor
will: 
 (a) Compliance with Laws, Etc. Comply, and cause each of its Subsidiaries to comply, in all material respects,
with all applicable laws, rules, regulations and orders, such compliance to include, without limitation, compliance with ERISA and Environmental Laws and compliance with and/or obtaining any authorization, approval or consent required to maintain
the accuracy of the respective representations in Sections 4.01(c) and 4.02(c). 
 (b) Payment of Taxes, Etc. Pay and
discharge, and cause each of its Subsidiaries to pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property and (ii) all lawful claims
that, if unpaid, might by law become a Lien upon its property; provided, however, that neither such Loan Party nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim that is being
contested in good faith and by proper proceedings. 
 (c) Maintenance of Insurance. Maintain, and cause each of its
Subsidiaries to maintain, insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same
general areas in which such Loan Party or such Subsidiary operates; provided, however, that such Loan Party and its Subsidiaries may self-insure to the same extent as other companies engaged in similar businesses and owning similar
properties and to the extent consistent with prudent business practice. 
 (d) Preservation of Corporate Existence,
Etc. Preserve and maintain, and cause each of its Subsidiaries to preserve and maintain, its corporate existence, rights (charter and statutory) and franchises; provided, however, that such Loan Party and its Subsidiaries may
consummate any merger or consolidation permitted under Section 5.02(b) and provided further that neither such Loan Party nor any of its Subsidiaries shall be required to preserve any right or franchise if the Board of Directors
(or equivalent governing body) of such Loan Party or such Subsidiary shall determine that the preservation thereof is no longer desirable in the conduct of the business of such Loan Party or such Subsidiary, as the case may be, and that the loss
thereof is not disadvantageous in any material respect to such Loan Party, such Subsidiary or the Lenders. 
 (e)
Visitation Rights. At any reasonable time and from time to time, upon reasonable notice and during normal business hours, permit the Agent or any of the Lenders or any agents or representatives thereof, to examine and make copies of and
abstracts from the records and books of account of, and visit the properties of, such Loan Party and any of its Subsidiaries, and to discuss the affairs, finances and accounts of such Loan Party and any of its Subsidiaries with any of their officers
or directors and with their independent certified public accountants. 
  

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 (f) Keeping of Books. Keep, and cause each of its Subsidiaries to keep, proper
books of record and account, in which full and correct entries shall be made of all financial transactions and the assets and business of such Loan Party and each such Subsidiary in accordance with GAAP in effect from time to time. 
 (g) Maintenance of Properties, Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its
properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted. 
 (h) Reporting Requirements. Furnish to the Lenders: 
 (i) as soon as available and in
any event within 45 days after the end of each of the first three quarters of each fiscal year of the Guarantor, the Consolidated balance sheet of the Guarantor and its Subsidiaries as of the end of such quarter and Consolidated statements of income
and cash flows of the Guarantor and its Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, duly certified (subject to year-end audit adjustments) by the chief financial officer of
the Guarantor as having been prepared in accordance with GAAP and certificates of the chief financial officer of the Guarantor as to compliance with the terms of this Agreement and setting forth in reasonable detail the calculations necessary to
demonstrate compliance with Section 5.03; 
 (ii) as soon as available and in any event within 90 days after the end of
each fiscal year of the Guarantor, a copy of the annual report for such year for the Guarantor and its Subsidiaries, containing the Consolidated balance sheet of the Guarantor and its Subsidiaries as of the end of such fiscal year and Consolidated
statements of income and cash flows of the Guarantor and its Subsidiaries for such fiscal year, in each case accompanied by an opinion acceptable to the Required Lenders by Deloitte & Touche LLP or other independent public accountants
reasonably acceptable to the Required Lenders. There shall also be provided, in reasonable detail, the calculations necessary to demonstrate compliance with Section 5.03; 
 (iii) as soon as possible and in any event within five days after a responsible officer of the Guarantor knows or should have known of the
occurrence of each Default continuing on the date of such statement, a statement of the chief financial officer of the Guarantor setting forth details of such Default and the action that the Guarantor has taken and/or proposes to take with respect
thereto; 
 (iv) promptly after the sending or filing thereof, copies of all reports that the Guarantor sends to any of its
security holders, and copies of all reports and registration statements that the Guarantor or any Subsidiary files with the Securities and Exchange Commission or any national securities exchange; 
 (v) promptly after the commencement thereof, notice of all actions and proceedings before any court, governmental agency or arbitrator
affecting the Guarantor or any of its Subsidiaries of the type described in Section 4.01(f); and 
 (vi) such other
information respecting the Guarantor or any of its Subsidiaries as any Lender through the Agent may from time to time reasonably request. 
 (i) Pari Passu Status. Ensure, and cause each of its Designated Subsidiaries to ensure, that the Debt outstanding under this Agreement and the Notes (including without limitation, in the case of the Guarantor,
the payment obligations of the Guarantor under its Guaranty) ranks at least pari passu with all other senior unsecured Debt of such Loan Party or such Designated Subsidiary, as the case may be. 
  

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 (j) Transactions with Affiliates. Conduct, and cause each of its Subsidiaries to
conduct, all transactions otherwise permitted under this Agreement with any of their Affiliates on terms that are fair and reasonable and no less favorable to the Guarantor or such Subsidiary than it would obtain in a comparable arm’s-length
transaction with a Person not an Affiliate. 
 SECTION 5.02. Negative Covenants. So long as any Advance shall remain unpaid, any
Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, neither any Borrower nor the Guarantor, will: 
 (a) Liens, Etc. Create or suffer to exist, or permit any of its Subsidiaries to create or suffer to exist, any Lien on or with respect to any of its properties, whether now owned or hereafter acquired, or
assign, or permit any of its Subsidiaries to assign, any right to receive income, other than: 
 (i) Liens existing on the
Effective Date and described on Schedule 5.02(a) hereto, 
 (ii) purchase money Liens upon or in any real property or
equipment acquired or held by the Guarantor or any Subsidiary in the ordinary course of business (including any Lien in respect of a capitalized lease of personal property) to secure the purchase price of such property or equipment or to secure Debt
incurred solely for the purpose of financing the acquisition or lease of such property or equipment, or Liens existing on such property or equipment at the time of its acquisition (other than any such Liens created in contemplation of such
acquisition that were not incurred to finance the acquisition of such property) or extensions, renewals or replacements of any of the foregoing for the same or a lesser amount, provided, however, that no such Lien shall extend to or
cover any properties of any character other than the real property or equipment being acquired or leased, and no such extension, renewal or replacement shall extend to or cover any properties not theretofore subject to the Lien being extended,
renewed or replaced, 
 (iii) Liens asserted by warehousemen, mechanics or materialmen which Liens are being contested in good
faith by appropriate proceedings diligently conducted and for which reserves in accordance with GAAP are being maintained on the books of the Guarantor and any mechanic’s, carrier’s, landlord’s or similar common law or statutory lien
incurred in the normal course of business which has not been docketed as a judgment, 
 (iv) Liens or levies for taxes, fees,
assessments or governmental charges not yet due and payable or being contested in good faith by appropriate proceedings diligently conducted and Liens resulting from or incurred with respect to legal proceedings which are being contested in good
faith by appropriate proceedings diligently conducted; provided that reserves in accordance with GAAP are being maintained on the books of the Guarantor with respect to such taxes, fees, assessments, governmental charges and legal
proceedings, 
 (v) Liens securing only workers’ compensation, unemployment insurance or similar obligations and/or
deposits or pledges made in connection with, or to secure payment of, utilities or similar services, leases, workers’ compensation, unemployment insurance, old age pensions or other social security obligations, 
 (vi) Encumbrances as set forth in all deeds, title insurance and mortgages existing as of the Effective Date in respect of all real
property owned or leased by the Guarantor or any of its Subsidiaries and any other zoning or deed restrictions, public utility easements, minor title irregularities and similar matters having no material adverse effect as a practical matter on the
ownership or use of any of the real property in question, 
 (vii) Liens securing or given in lieu of surety, stay, appeal or
performance bonds (other than contracts for the payment of indebtedness for borrowed money), or deposits required by law or governmental regulations or by any court order, decree, judgment or rule or as a 

  

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condition to the transaction of business or the exercise of any right, privilege or license, or Liens arising from a judgment not constituting an Event of
Default, 
 (viii) Interest or title of a lessor under a lease, 
 (ix) Liens in favor of the Agent or a Lender, if any, to secure the obligations of the Loan Parties under the Loan Documents, 

(x) Liens created or assumed in purchasing, constructing or improving any real property or to which any real property is subject when
purchased; provided, however, that: (x) the mortgage, security interest or other lien is confined to the property in question, and (y) the indebtedness secured thereby is non-recourse as to any Loan Party and does not exceed
the total cost of the purchase, construction or improvement, 
 (xi) Any transfer of a check or other medium of payment for
deposit or collection, or any similar transaction in the normal course of business, 
 (xii) Any financing statement
perfecting a security interest that would be permissible under this Section 5.02(a), 
 (xiii) Liens on property of a
Person existing at the time such Person is merged into or consolidated with the Guarantor or any Subsidiary of the Guarantor or becomes a Subsidiary of the Guarantor; provided that such Liens were not created in contemplation of such merger,
consolidation or acquisition and do not extend to any assets other than those of the Person so merged into or consolidated with the Guarantor or such Subsidiary or acquired by the Guarantor or such Subsidiary, 
 (xiv) other Liens securing Debt in an aggregate principal amount not to exceed at any time outstanding 2% of Consolidated Tangible Net
Assets at the time such Lien is incurred, 
 (xv) the replacement, extension or renewal of any Lien permitted by
clause (i), (ii), (viii), (ix) or (xii) above upon or in the same property theretofore subject thereto or the replacement, extension or renewal (without increase in the amount or change in any direct or contingent obligor) of the Debt
secured thereby, and 
 (xvi) Liens on receivables (and related assets) in connection with Permitted Receivables Financings,
so long as such Liens extend solely to the receivables (and related assets) being securitized thereunder. 
 (b) Mergers,
Acquisitions, Etc. Merge with or into or consolidate with any other Person; liquidate, wind up, dissolve or divide; acquire all or substantially all of the properties or assets of any ongoing concern or ongoing line of business; acquire all or
substantially all of the capital stock or other equity interests in or of any other Person other than in the ordinary course of business; or agree, become or remain liable (contingently or otherwise) to do any of the foregoing, or permit any of its
Subsidiaries to do any of the foregoing, except: 
 (i) the Guarantor or any Subsidiary of the Guarantor may acquire all or
substantially all of the properties or assets of any other Person, acquire all or substantially all of the capital stock or other equity interests in or of any other Person, or become or remain liable (contingently or otherwise) to do any of the
foregoing, 
 (ii) a directly or indirectly wholly owned Subsidiary of the Guarantor (or any Subsidiary of such Subsidiary)
may merge with or into, consolidate with or into, or liquidate into any other wholly owned Subsidiary of the Guarantor (or any Subsidiary of such Subsidiary), and 
  

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 (iii) a directly or indirectly wholly owned Subsidiary of the Guarantor (or any
Subsidiary of such Subsidiary) may merge with the Guarantor, provided that the Guarantor shall be the surviving corporation, 
 provided further, in the case of each transaction permitted in clauses (i), (ii) and (iii), that no Default shall have occurred and be continuing at the time of such proposed transaction or would result therefrom.

 (c) Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit any of its Subsidiaries to sell,
lease, transfer or otherwise dispose of, any assets, or grant any option or other right to purchase, lease or otherwise acquire any assets, except (i) sales of inventory in the ordinary course of its business, (ii) sales, transfers or
other dispositions of obsolete or worn-out tools, equipment or other property (including leasehold interests) no longer used or useful in business and sales of intellectual property determined to be uneconomical, negligible or obsolete,
(iii) sales, leases, transfers and other dispositions of assets (other than Foreign Assets) by (x) any Subsidiary of the Guarantor to the Guarantor or (y) any Subsidiary of the Guarantor to any other Subsidiary of the Guarantor,
(iv) sales, leases, transfers and other dispositions of Foreign Assets by the Guarantor or any of its Subsidiaries to the Guarantor or any of its Subsidiaries, (v) in addition to the sales permitted in clauses (i), (ii), (iii) and
(iv) above, sales of assets for fair value, provided that in the case of the sale of any asset pursuant to this clause (v) in a single transaction or a series of related transactions in an aggregate amount exceeding $20,000,000, the
fair value of such asset shall have been determined in good faith by the Board of Directors of the Guarantor, and (vi) sales or transfers of receivables (and related assets) in connection with Permitted Receivables Financings. 
 (d) Payment Restrictions Affecting Subsidiaries. Directly or indirectly, enter into or suffer to exist, or permit any of its
Subsidiaries to enter into or suffer to exist, any agreement or arrangement limiting the ability of any of its or their Subsidiaries to declare or pay dividends or other distributions in respect of its equity interests or repay or prepay any Debt
owed to, make loans or advances to, or otherwise transfer assets to or invest in, the Guarantor or any Subsidiary of the Guarantor (whether through a covenant restricting dividends, loans, asset transfers or investments, a financial covenant or
otherwise), except (i) any agreement or instrument evidencing Debt existing on the date hereof and (ii) any agreement in effect at the time such Subsidiary becomes a Subsidiary of the Guarantor, so long as such agreement was not entered
into solely in contemplation of such Person becoming a Subsidiary of the Guarantor. 
 (e) Accounting Changes. Make or
permit, or permit any of its Subsidiaries to make or permit, any change in accounting policies or reporting practices, except as required or permitted by GAAP. 
 (f) Change in Nature of Business. Make, or permit any of its Subsidiaries to make, any material change in the nature of the
business of the Guarantor and its Subsidiaries considered as a whole as carried on at the date hereof. 
 SECTION 5.03. Financial
Covenants. So long as any Advance shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Guarantor will: 
 (a) Debt/EBITDA Ratio. Maintain a ratio of Consolidated Debt to Consolidated EBITDA for the period of twelve months most recently
ended on or prior to the last day of each fiscal quarter of not greater than 3.50 : 1.00; provided, however, to the extent that the Guarantor has cash or cash equivalents on hand in an amount sufficient for the payment thereof, the
outstanding 4.625% senior notes due October 1, 2009 to be repaid by the Guarantor shall be excluded from the calculation of Consolidated Debt for all reporting periods prior to October 1, 2009. 
 (b) Interest Coverage Ratio. Maintain a ratio of Consolidated EBITDA for the period of four quarters most recently ended to cash
interest payable on, and amortization of debt discount in respect of, all Debt during such period, by the Guarantor and its Subsidiaries of not less than 3.50 : 1.00. 
 ARTICLE VI 
  

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 EVENTS OF DEFAULT 
 SECTION 6.01. Events of Default. If any of the following events (“Events of Default”) shall occur and be continuing: 
 (a) Any Borrower shall fail to pay any principal of any Advance made to it when the same becomes due and payable; or any Borrower shall
fail to pay any interest on any Advance made to it or make any other payment of fees or other amounts payable under this Agreement or any Note within four Business Days after the same becomes due and payable; or 
 (b) Any representation or warranty made by any Loan Party herein or by any Loan Party (or any of its corporate officers) in connection
with this Agreement shall prove to have been incorrect in any material respect when made; or 
 (c) (i) Any Loan Party
shall fail to perform or observe any term, covenant or agreement contained in Section 5.01(d), (e) or (h), 5.02 or 5.03, or (ii) any Loan Party shall fail to perform or observe any other term, covenant or agreement contained in this
Agreement on its part to be performed or observed if such failure shall remain unremedied for 15 days after written notice thereof shall have been given to the Borrowers by the Agent or any Lender; or 
 (d) Any Loan Party or any of its Subsidiaries shall fail to pay any principal of or premium or interest on any Debt that is outstanding in
a principal amount of at least $25,000,000 (or the equivalent thereof in any other currency) in the aggregate at any one time (but excluding Debt outstanding hereunder) of such Loan Party or such Subsidiary (as the case may be), when the same
becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such
Debt; or any other event shall occur or condition shall exist under any agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such
event or condition is to accelerate, or to permit the acceleration of, the maturity of such Debt; or any such Debt shall be declared to be due and payable, or required to be prepaid or redeemed (other than by a regularly scheduled required
prepayment or redemption), purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity thereof; or 
 (e) Any Loan Party or any of its Subsidiaries shall generally not pay its debts as such debts become due, or shall admit in writing its
inability to pay its debts generally, or is in a state of cessation des paiements or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against any Loan Party or any of its Subsidiaries
seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up (including a sluiting van een onderneming / fermeture d’enterprise), administration, dissolution, reorganization, arrangement, adjustment, protection,
relief, composition (including a gerechtelijke reorganisatie / réorganisation judiciaire, accord amiable / minnelijk akkoord, mandat ad hoc, concilliation, redressement judiciaire or liquidation judiciaire) or any other
proceeding with a similar effect 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, custodian or other
similar official (including a curator / curateur, liquidator, liquidateur, voorlopig bewindvoerder / administrateur judiciaire, gerechtelijk deskundige / expert judiciaire, gerechtsmandataris / mandataire de justice / ondernemingsbemiddelaar /
médiateur d’entreprise, sekwester / sequester, mandataire ad hoc, conciliateur, administrateur or mandataire judiciaire) for it or for any substantial part of its property and, in the case of any such proceeding instituted against it
(but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days, or any of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against, or the
appointment of a receiver, trustee, custodian, or other similar official (including a curator / curateur, liquidator, liquidateur, voorlopig bewindvoerder / administrateur judiciaire, gerechtelijk deskundige / expert judiciaire, commissaris
inzake opschorting / commissaire au sursis, sekwester / sequester, 

  

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mandataire ad hoc, conciliateur, administrateur or mandataire judiciaire) for, it or for any substantial part of its property) shall occur; or
any Loan Party or any of its Subsidiaries shall take any corporate action to authorize any of the actions set forth above in this subsection (e); or 
 (f) Judgments or orders for the payment of money in excess of $25,000,000 (or the equivalent thereof in any other currency) in the aggregate shall be rendered against any Loan Party or any of its Subsidiaries and
either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be any period of 10 consecutive days during which a stay of enforcement of such judgment or order, by reason of a
pending appeal or otherwise, shall not be in effect; provided, however, that any such judgment or order shall not be an Event of Default under this Section 6.01(f) if and for so long as (i) the amount of such judgment or
order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (ii) such insurer, which shall be rated at least “A” by A.M. Best Company, has been notified of, and has
not disputed the claim made for payment of, the amount of such judgment or order; or 
 (g) (i) Any Person or two or more
Persons acting in concert shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of Voting Stock of the Guarantor
(or other securities convertible into such Voting Stock) representing 20% or more of the combined voting power of all Voting Stock of the Guarantor; or (ii) during any period of up to 24 consecutive months, commencing before or after the date
of this Agreement, individuals who at the beginning of such 24-month period were directors of the Guarantor shall cease for any reason to constitute a majority of the board of directors of the Guarantor; or (iii) the Guarantor shall cease to
own, directly or indirectly, all Voting Stock of each of the Borrowers, unless such Borrower has been terminated as a Borrower in accordance with Section 9.12(b); or 
 (h) The Guarantor or any of its ERISA Affiliates shall incur, or, in the reasonable opinion of the Required Lenders, shall be reasonably
likely to incur liability in excess of $25,000,000 in the aggregate as a result of one or more of the following: (i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of the Guarantor or any of its ERISA Affiliates
from a Multiemployer Plan; or (iii) the reorganization or termination of a Multiemployer Plan; or 
 (i) The Guaranty
shall for any reason (including illegality) cease to be valid and binding on or enforceable against the Guarantor, or the Guarantor shall so state in writing or otherwise repudiate or disclaim its obligations under the Guaranty; 
 then, and in any such event, the Agent (i) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrowers, terminate the
Commitments (other than the Commitments to make Advances by an Issuing Bank or a Lender pursuant to Section 2.03(c)), and thereupon the Commitments shall forthwith terminate, and (ii) shall at the request, or may with the consent, of the
Required Lenders, by notice to the Borrowers, declare the Advances, all interest thereon and all other amounts payable under this Agreement to be forthwith due and payable, whereupon the Advances, all such interest and all such amounts shall become
and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by each Borrower; provided, however, that in the event of an actual or deemed entry of an
order for relief with respect to any Borrower under the U.S. Federal Bankruptcy Code, (A) the obligation of each Lender to make Advances shall automatically be terminated (other than the Commitments to make Advances by an Issuing Bank or a
Lender pursuant to Section 2.03(c)) and of the Issuing Banks to issue Letters of Credit shall automatically be terminated and (B) the Advances, all such interest and all such amounts shall automatically become and be due and payable,
without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by each Borrower. 
 SECTION 6.02.
Actions in Respect of the Letters of Credit upon Default. If any Event of Default shall have occurred and be continuing, the Agent may with the consent, or shall at the request, of the Lenders having at least a majority in interest of the
Revolving Credit Commitments, irrespective of whether it is taking any of the actions described in Section 6.01 or otherwise, make demand upon the Borrowers to, and forthwith upon such 

  

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demand each Borrower will, (a) pay to the Agent on behalf of the Lenders in same day funds at the Agent’s office designated in such demand, for
deposit in the L/C Cash Collateral Account, an amount equal to the aggregate Available Amount of all Letters of Credit issued at its request then outstanding or (b) make such other arrangements in respect of such outstanding Letters of Credit
as shall be acceptable to the Lenders having at least a majority in interest of the Revolving Credit Commitments; provided, however, that in the event of an actual or deemed entry of an order for relief with respect to any Borrower or
the Guarantor under the U.S. Federal Bankruptcy Code, an amount equal to the aggregate Available Amount of all outstanding Letters of Credit shall be immediately due and payable to the Agent for the account of the Lenders without notice to or demand
upon the Borrowers, which are expressly waived by each Borrower, to be held in the L/C Cash Collateral Account. If at any time the Agent determines that any funds held in the L/C Cash Collateral Account are subject to any right or claim of any
Person other than the Agent and the Lenders or that the total amount of such funds is less than the aggregate Available Amount of all Letters of Credit, the relevant Borrowers will, forthwith upon demand by the Agent, pay to the Agent, as additional
funds to be deposited and held in the L/C Cash Collateral Account, an amount equal to the excess of (a) such aggregate Available Amount over (b) the total amount of funds, if any, then held in the L/C Cash Collateral Account that the Agent
determines to be free and clear of any such right and claim. Upon the drawing of any Letter of Credit, to the extent funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the Issuing Banks to the extent
permitted by applicable law. After (i) no Event of Default shall be continuing or (ii) all such Letters of Credit shall have expired or been fully drawn upon and all other obligations of the Borrowers hereunder and under the Notes shall
have been paid in full, the balance, if any, in such L/C Cash Collateral Account shall be returned to the Borrowers. 
 ARTICLE VII

 GUARANTY 
 SECTION 7.01.
Guaranty. The Guarantor hereby absolutely, unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all
obligations of each Borrower now or hereafter existing under or in respect of this Agreement and the Notes of such Borrower (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of any or all of the
foregoing obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such obligations being the “Guaranteed
Obligations”), and agrees to pay any and all expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by the Agent or any Lender in enforcing any rights under this Guaranty. Without limiting the generality
of the foregoing, the Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any Borrower to the Agent or any Lender under or in respect of this Agreement and its Notes but for
the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such Borrower. Notwithstanding any other provisions of this Agreement, stock of a foreign entity directly held
by the Guarantor shall not serve as security for the Guaranteed Obligations, other than stock of any such foreign entity representing no more than 65% of the total combined voting power of all classes of stock of such entity entitled to vote.

 SECTION 7.02. Guaranty Absolute. The Guarantor guarantees that the Guaranteed Obligations will be paid strictly in accordance with
the terms of this Agreement and the applicable Notes, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Agent or any Lender with respect thereto. The
obligations of the Guarantor under or in respect of this Guaranty are independent of the Guaranteed Obligations or any other obligations of any Borrower under or in respect of this Agreement and the Notes, and a separate action or actions may be
brought and prosecuted against the Guarantor to enforce this Guaranty, irrespective of whether any action is brought against any Borrower or whether any Borrower is joined in any such action or actions. The liability of the Guarantor under this
Guaranty shall be irrevocable, absolute and unconditional irrespective of, and to the extent not prohibited by applicable law, the Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to, any or
all of the following: 
 (a) any lack of validity or enforceability of this Agreement, any Note or any agreement or instrument
relating thereto; 
  

 40 

 (b) any change in the time, manner or place of payment of, or in any other term of, all
or any of the Guaranteed Obligations or any other obligations of any Borrower under or in respect of this Agreement, and Notes, or any other amendment or waiver of or any consent to departure from this Agreement or any Note, including, without
limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to any Borrower or any of its Subsidiaries or otherwise; 
 (c) any taking, exchange, release or amendment or waiver of, or consent to departure from, any other guaranty, for all or any of the
Guaranteed Obligations; 
 (d) any manner of application of collateral, if any, or proceeds thereof, to all or any of the
Guaranteed Obligations, or any manner of sale or other disposition of any collateral for all or any of the Guaranteed Obligations or any other obligations of any Borrower under this Agreement or the Notes or any other assets of any Borrower or any
of its Subsidiaries; 
 (e) any change, restructuring or termination of the corporate structure or existence of any Borrower
or any of its Subsidiaries; 
 (f) any failure of the Agent or any Lender to disclose to any Borrower any information relating
to the business, condition (financial or otherwise), operations, performance, properties or prospects of any Borrower now or hereafter known to the Agent or such Lender (the Guarantor waiving any duty on the part of the Agent and the Lenders to
disclose such information); 
 (g) the release or reduction of liability of any other guarantor or surety with respect to the
Guaranteed Obligations; or 
 (h) any other circumstance (including, without limitation, any statute of limitations) or any
existence of or reliance on any representation by the Agent or any Lender that might otherwise constitute a defense available to, or a discharge of, any Borrower or any other guarantor or surety. 
 This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must
otherwise be returned by the Agent or any Lender or any other Person upon the insolvency, bankruptcy or reorganization of any Borrower or otherwise, all as though such payment had not been made. 
 SECTION 7.03. Waivers and Acknowledgments. (a) The Guarantor hereby unconditionally and irrevocably waives promptness, diligence, notice of
acceptance, presentment, demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice with respect to any of the Guaranteed Obligations and this Guaranty and any requirement that the Agent or any
Lender protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against any Borrower or any other Person or any collateral. 
 (b) The Guarantor hereby unconditionally and irrevocably waives any right to revoke this Guaranty and acknowledges that this Guaranty is
continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future. 
 (c) The Guarantor
hereby unconditionally and irrevocably waives (i) any defense arising by reason of any claim or defense based upon an election of remedies by the Agent or any Lender that in any manner impairs, reduces, releases or otherwise adversely affects
the subrogation, reimbursement, exoneration, contribution or indemnification rights of the Guarantor or other rights of the Guarantor to proceed against any of the Borrowers, any other guarantor or any other Person or any collateral and
(ii) any defense based on any right of set-off or counterclaim against or in respect of the obligations of the Guarantor hereunder. 
 (d) The Guarantor hereby unconditionally and irrevocably waives any duty on the part of the Agent or any Lender to disclose to the Guarantor any matter, fact or thing relating to the business, 

  

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condition (financial or otherwise), operations, performance, properties or prospects of any Borrower or any of its Subsidiaries now or hereafter known by the
Agent or such Lender. 
 (e) The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the
financing arrangements contemplated by this Agreement and that the waivers set forth in Section 7.02 and this Section 7.03 are knowingly made in contemplation of such benefits. 
 SECTION 7.04. Subrogation. The Guarantor hereby unconditionally and irrevocably agrees, so long as any Event of Default has occurred and is
continuing, not to exercise any rights that it may now have or hereafter acquire against any Borrower or any other insider guarantor that arise from the existence, payment, performance or enforcement of the Guarantor’s obligations under or in
respect of this Guaranty, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Agent or any Lender against any Borrower or any
other insider guarantor or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from any Borrower or any other insider
guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless and until all of the Guaranteed Obligations and all other amounts payable under
this Guaranty shall have been paid in full in cash and the Commitments shall have expired or been terminated. If any amount shall be paid to the Guarantor in violation of the immediately preceding sentence at any time prior to the later of
(a) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (b) the Termination Date, such amount shall be received and held in trust for the benefit of the Agent and the Lenders,
shall be segregated from other property and funds of the Guarantor and shall forthwith be paid or delivered to the Agent in the same form as so received (with any necessary endorsement or assignment) to be credited and applied to the Guaranteed
Obligations and all other amounts payable under this Guaranty, whether matured or unmatured, in accordance with the terms of this Agreement, or to be held as collateral for any Guaranteed Obligations or other amounts payable under this Guaranty
thereafter arising. If (i) the Guarantor shall make payment to the Agent or any Lender of all or any part of the Guaranteed Obligations, (ii) all of the Guaranteed Obligations and all other amounts payable under this Guaranty shall have
been paid in full in cash and (iii) the Termination Date shall have occurred, the Agent and the Lenders will, at the Guarantor’s request and expense, execute and deliver to the Guarantor appropriate documents, without recourse and without
representation or warranty, necessary to evidence the transfer by subrogation to the Guarantor of an interest in the Guaranteed Obligations resulting from such payment made by the Guarantor pursuant to this Guaranty. 
 SECTION 7.05. Subordination. The Guarantor hereby subordinates any and all debts, liabilities and other obligations owed to the Guarantor by each
Borrower (the “Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth in this Section 7.05: 
 (a) Prohibited Payments, Etc. Except during the continuance of an Event of Default (including the commencement and continuation of
any proceeding under any bankruptcy law relating to any Borrower), the Guarantor may receive regularly scheduled payments and dividends or other distributions in respect of equity, in each case as otherwise permitted under this Agreement, from any
Borrower on account of the Subordinated Obligations. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any bankruptcy law relating to any Borrower), however,
unless the Required Lenders otherwise agree, the Guarantor shall not demand, accept or take any action to collect any payment on account of the Subordinated Obligations. 
 (b) Prior Payment of Guaranteed Obligations. In any proceeding under any bankruptcy law relating to any Borrower, the Guarantor
agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any bankruptcy law, whether or not
constituting an allowed claim in such proceeding (“Post Petition Interest”)) before the Guarantor receives payment of any Subordinated Obligations. 
 (c) Turn-Over. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation
of any proceeding under any bankruptcy law relating to 

  

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any Borrower), the Guarantor shall, if the Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations as trustee for
the Agent and the Lenders and deliver such payments to the Agent on account of the Guaranteed Obligations (including all Post Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or
affecting in any manner the liability of the Guarantor under the other provisions of this Guaranty. 
 (d) Agent
Authorization. After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any bankruptcy law relating to any Borrower), the Agent is authorized and empowered (but
without any obligation to so do), in its discretion, (i) in the name of the Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations
(including any and all Post Petition Interest), and (ii) to require the Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the
Agent for application to the Guaranteed Obligations (including any and all Post Petition Interest). 
 SECTION 7.06. Continuing Guaranty;
Assignments. This Guaranty is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and
(ii) the Termination Date, (b) be binding upon the Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Agent and the Lenders and their successors, transferees and assigns. Without limiting
the generality of clause (c) of the immediately preceding sentence, the Agent or any Lender may assign or otherwise transfer all or any portion of its rights and obligations under this Agreement (including, without limitation, all or any
portion of its Commitments, the Advances owing to it and the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to the Agent or such Lender herein or
otherwise, in each case as and to the extent provided in Section 9.07. The Guarantor shall not have the right to assign its rights under this Article VII or any interest in this Article VII without the prior written consent of the Agent and the
Lenders. 
 ARTICLE VIII 
 THE
AGENT 
 SECTION 8.01. Authorization and Action. Each Lender (in its capacity as a Lender and an Issuing Bank, as applicable) hereby
appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Notes), the Agent shall not be required to exercise any discretion or take any action, but
shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding upon all Lenders and all holders of Notes;
provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of
each notice given to it by any Loan Party pursuant to the terms of this Agreement. 
 SECTION 8.02. Agent’s Reliance, Etc.
Neither the Agent nor any of its directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement, except for its or their own gross negligence or willful
misconduct. Without limitation of the generality of the foregoing, the Agent: (i) may treat the Lender that made any Advance as the holder of the Debt resulting therefrom until the Agent receives and accepts an Assignment and Acceptance entered
into by such Lender, as assignor, and an Eligible Assignee, as assignee, as provided in Section 9.07; (ii) may consult with legal counsel (including counsel for the Loan Parties), 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; (iii) makes no warranty or representation to any Lender and shall not be
responsible to any Lender for any statements, warranties or representations (whether written or oral) made in or in connection with this Agreement; (iv) shall not have any duty to ascertain or to inquire as to the performance, observance or
satisfaction of any of the terms, covenants or conditions of this Agreement on the part of any Loan Party or the 

  

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existence at any time of any Default or to inspect the property (including the books and records) of any Loan Party; (v) shall not be responsible to any
Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; and (vi) shall incur no liability under or in respect of this
Agreement by acting upon any notice, consent, certificate or other instrument or writing (which may be by telecopier) believed by it to be genuine and signed or sent by the proper party or parties. 
 SECTION 8.03. RBS and Affiliates. With respect to its Commitments, the Advances made by it and the Notes issued to it, RBS shall have the same
rights and powers under this Agreement as any other Lender and may exercise the same as though it were not the Agent; and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated, include RBS in its individual
capacity. RBS and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with, any Loan Party, any Subsidiary of any Loan
Party and any Person who may do business with or own securities of any Loan Party or any such Subsidiary, all as if RBS were not the Agent and without any duty to account therefor to the Lenders. The Agent shall have no duty to disclose information
obtained or received by it or any of its affiliates relating to any Loan Party or its Subsidiaries to the extent such information was obtained or received in any capacity other than as Agent. 
 SECTION 8.04. Lender Credit Decision. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender
and based on the financial statements referred to in Section 4.01 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that
it will, independently and without reliance upon the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this
Agreement. 
 SECTION 8.05. Indemnification. (a) The Lenders agree to indemnify the Agent (to the extent not reimbursed by the
Borrowers), ratably according to the respective principal amounts of the Advances then owed to each of them (or if no Advances are at the time outstanding, ratably according to the respective amounts of their Commitments), from and against any and
all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Agent in any way relating to or
arising out of this Agreement or any action taken or omitted by the Agent under this Agreement (collectively, the “Indemnified Costs”), provided that no Lender shall be liable for any portion of the Indemnified Costs
resulting from the Agent’s gross negligence or willful misconduct, as determined by a non-appealable judgment by a court of competent jurisdiction. Without limitation of the foregoing, each Lender agrees to reimburse the Agent promptly upon
demand for its ratable share of any out-of-pocket expenses (including reasonable counsel fees) incurred by the Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through
negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, to the extent that the Agent is not reimbursed for such expenses by the Borrowers. In the case of any investigation,
litigation or proceeding giving rise to any Indemnified Costs, this Section 8.05 applies whether any such investigation, litigation or proceeding is brought by the Agent, any Lender or a third party. For purposes of this Section 8.05(a),
the Lenders’ respective pro rata shares of any amount shall be determined, at any time, according to the sum of (i) the aggregate principal amount of the Advances (based on the Equivalent in Euros at such time) outstanding at such time and
owing to the respective Lenders, (ii) their respective Ratable Shares of the aggregate Available Amount of all Letters of Credit outstanding at such time and (iii) their respective Unused Revolving Credit Commitments at such time.

 (b) Each Lender severally agrees to indemnify the Issuing Banks (to the extent not promptly reimbursed by the Borrowers) from and against
such Lender’s Ratable Share of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted
against any such Issuing Bank in any way relating to or arising out of this Agreement or any action taken or omitted by such Issuing Bank hereunder or in connection herewith; provided, however, that no Lender shall be liable for
any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Issuing Bank’s gross negligence or willful misconduct, as determined by a non-appealable
judgment by a court of competent 

  

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jurisdiction. Without limitation of the foregoing, each Lender agrees to reimburse any such Issuing Bank promptly upon demand for its Ratable Share of any
costs and expenses (including, without limitation, fees and expenses of counsel) payable by the Borrowers under Section 9.04, to the extent that such Issuing Bank is not promptly reimbursed for such costs and expenses by the Borrowers.

 (c) The failure of any Lender to reimburse the Agent or the Issuing Bank promptly upon demand for its ratable share of any amount required
to be paid by the Lenders to the Agent or the Issuing Bank as provided herein shall not relieve any other Lender of its obligation hereunder to reimburse the Agent or the Issuing Bank for its ratable share of such amount, but no Lender shall be
responsible for the failure of any other Lender to reimburse the Agent or an Issuing Bank for such other Lender’s ratable share of such amount. Without prejudice to the survival of any other agreement of any Lender hereunder, the agreement and
obligations of each Lender contained in this Section 8.05 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes. 
 SECTION 8.06. Successor Agent. The Agent may resign at any time by giving written notice thereof to the Lenders and the Borrowers and may be
removed at any time with or without cause by the Required Lenders. Upon any such resignation or removal, the Required Lenders shall have the right to appoint a successor Agent with the consent of the Borrowers, which consent shall not be
unreasonably withheld and shall not be required if any Event of Default has occurred and is continuing. If no successor Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within 30 days after the
retiring Agent’s giving of notice of resignation or the Required Lenders’ removal of the retiring Agent, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent, which shall be a commercial bank organized under the
laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $500,000,000, provided that if the Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such
appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (b) all
payments, communications and determinations provided to be made by, to or through the Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Agent as provided above. Upon the acceptance
of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, discretion, privileges and duties of the retiring Agent, and the retiring Agent shall be
discharged from its duties and obligations under this Agreement. After any retiring Agent’s resignation or removal hereunder as Agent, the provisions of this Article VIII shall inure to its benefit as to any actions taken or omitted to be
taken by it while it was Agent under this Agreement. 
 SECTION 8.07. Other Agents. Each Lender hereby acknowledges that neither the
documentation agent nor any other Lender designated as any “Agent” on the signature pages hereof (other than the Agent) has any liability hereunder other than in its capacity as a Lender. 
 ARTICLE IX 
 MISCELLANEOUS 
 SECTION 9.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement or the Notes, nor consent to any departure by any Loan
Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given;
provided, however, that no amendment, waiver or consent shall, unless in writing and signed by each affected Lender, do any of the following: (a) waive any of the conditions specified in Section 3.01, (b) increase the
Commitments of the Lenders other than in accordance with Section 2.18, (c) reduce the principal of, or interest on, the Advances or any fees or other amounts payable hereunder, (d) postpone any date fixed for any payment of principal
of, or interest on, the Advances or any fees or other amounts payable hereunder, (e) change the percentage of the Revolving Credit Commitments or of the aggregate unpaid principal amount of the Advances, or the number of Lenders, that shall be
required for the Lenders or any of them to take any action hereunder, (f) reduce, subordinate or limit the obligations of the Guarantor under Section 7.01, (g) amend this Section 9.01 or (h) amend or waive any provision of
this Agreement in any manner that would adversely affect such Lender’s right to receive its ratable share of any payment made or proceeds distributed to which it is entitled under the Loan Documents; and provided further that
(x) no amendment, waiver or consent 

  

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shall, unless in writing and signed by the Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Agent
under this Agreement or any Note and (y) no amendment, waiver or consent shall, unless in writing and signed by the Issuing Banks in addition to the Lenders required above to take such action, adversely affect the rights or obligations of the
Issuing Banks in their capacities as such under this Agreement. 
 SECTION 9.02. Notices, Etc. (a) All notices and other
communications provided for hereunder shall be in writing (including telecopier communication) and mailed, telecopied or delivered, if to the Guarantor or any Borrower, at the address of the Guarantor at 29400 Lakeland Blvd., Wickliffe, Ohio
44092-2298, Attention: Treasurer (with a copy to the Guarantor’s legal division at the same address); if to any Initial Lender, at its Domestic Lending Office specified opposite its name on Schedule I hereto; if to any other Lender, at its
Domestic Lending Office specified in the Assumption Agreement or the Assignment and Acceptance pursuant to which it became a Lender; and if to the Agent, at its address at 600 Washington Boulevard, Stamford, Connecticut 06901, Attention: Agency
Services, GBMNAAgency@rbs.com; or, as to any Loan Party or the Agent, at such other address as shall be designated by such party in a written notice to the other parties and, as to each other party, at such other address as shall be designated by
such party in a written notice to the Borrowers and the Agent. All such notices and communications shall, when mailed, telecopied or e-mailed, be effective when received by the recipient during its normal business hours. Delivery by telecopier of an
executed counterpart of any amendment or waiver of any provision of this Agreement or the Notes or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of a manually executed counterpart thereof. 
 (b) Notwithstanding anything to the contrary contained in this Agreement or any Note, (i) any notice to the Borrowers or to any one of the Borrowers
required under this Agreement or any such Note that is delivered to the Guarantor shall constitute effective notice to such Borrowers or Borrower and (ii) any Notice of Borrowing or any notice of Conversion delivered pursuant to
Section 2.09 may be delivered by any Borrower. Each Borrower and Designated Subsidiary hereby irrevocably appoints the Guarantor as its authorized agent to receive and deliver notices in accordance with this Section 9.02, and hereby
irrevocably agrees that (A) in the case of clause (i) of the immediately preceding sentence, the failure of the Guarantor to give any notice referred to therein to any such Borrower or Designated Subsidiary to which such notice applies
shall not impair or affect the validity of such notice with respect thereto and (B) in the case of clause (ii) of the immediately preceding sentence, the delivery of any such notice by the Guarantor, on behalf of any Borrower, shall be
binding on such Borrower to the same extent as if such notice had been executed and delivered directly by such Borrower. 
 (c) Subject to
subsection (e) below, each Loan Party agrees that the Agent may make any written information, documents, instruments and other material relating to such Loan Party, any of its Subsidiaries or any other materials or matters relating to this
Agreement, the Notes or any of the transactions contemplated hereby (collectively, the “Communications”) available to the Lenders by posting such notices on Intralinks or a substantially similar electronic system (the
“Platform”). Each Loan Party acknowledges that (i) the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution,
(ii) the Platform is provided “as is” and “as available” and (iii) neither the Agent nor any of its Affiliates warrants the accuracy, adequacy or completeness of the Communications or the Platform and each expressly
disclaims liability for errors or omissions in the Communications or the Platform. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose,
non-infringement of third party rights or freedom from viruses or other code defects, is made by the Agent or any of its Affiliates in connection with the Platform. 
 (d) Each Lender agrees that notice to it received during its normal business hours (as provided in the next sentence) (a “Notice”) specifying that any Communications have been posted to the Platform
shall constitute effective delivery of such information, documents or other materials to such Lender for purposes of this Agreement; provided that if requested by any Lender the Agent shall deliver a copy of the Communications to such Lender
by email or telecopier. Each Lender agrees (i) to notify the Agent in writing of such Lender’s e-mail address to which a Notice may be sent by electronic transmission (including by electronic communication) on or before the date such
Lender becomes a party to this Agreement (and from time to time thereafter to ensure that the Agent has on record an effective e-mail address for such Lender) and (ii) that any Notice may be sent to such e-mail address. 
  

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 (e) (i) Except as provided below, any Loan Party may deliver any information under the Loan Documents to
a Bank by posting it on to an electronic website if (A) the Agent and such Loan Party agree; (B) such Loan Party and the Agent designate an electronic website for this purpose; (C) both such Loan Party and the Agent are aware of the
address of and any relevant password specifications for the website; and (D) the information posted is in a format agreed between such Loan Party and the Agent. The Agent must supply each relevant Bank with the address of and any relevant
password specifications for the website. 
 (ii) Notwithstanding the above, such Loan Party must supply to the Agent in paper
form a copy of any information posted on the website together with sufficient copies for each Lender (A) if so requested to do so by the Agent; and (B) if so required by a governmental requirement, in both cases within ten Business Days of
receipt of the request. 
 (iii) The Agent must promptly upon becoming aware of its occurrence, notify the Loan Parties and
Lenders if (A) the website cannot be accessed; (B) the website or any information on the website is infected by any electronic virus or similar software; (C) the relevant password specification for the website is changed; or
(D) any information to be supplied under this Agreement is posted on the website or amended after being posted. In the circumstances in clauses (A) or (B) above occur, the Loan Parties must supply any information required under this
Agreement in paper form. 
 SECTION 9.03. No Waiver; Remedies. No failure on the part of any Lender or the Agent to exercise, and no
delay in exercising, any right hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies
herein provided are cumulative and not exclusive of any remedies provided by law. 
 SECTION 9.04. Costs and Expenses. (a) The
Borrowers agree to pay on demand all reasonable, out-of-pocket costs and expenses of only the Agent in connection with the preparation, execution, delivery, administration, modification and amendment of this Agreement, the Notes and the other
documents to be delivered hereunder, including, without limitation, (A) all due diligence, syndication (including printing, distribution and bank meetings), transportation, computer, duplication, appraisal, consultant, and audit expenses and
(B) the reasonable fees and expenses of counsel for the Agent with respect thereto and with respect to advising the Agent as to its rights and responsibilities under this Agreement. Each Borrower further agrees to pay on demand all costs and
expenses of the Agent and the Lenders, if any (including, without limitation, reasonable counsel fees and expenses), in connection with the enforcement against it (whether through negotiations, legal proceedings or otherwise) of this Agreement, the
Notes and the other documents to be delivered hereunder, including, without limitation, reasonable fees and expenses of counsel for the Agent and each Lender in connection with the enforcement of rights under this Section 9.04(a). 

(b) The Borrowers agree to indemnify and hold harmless the Agent and each Lender and each of their Affiliates and their officers, directors,
employees, agents and advisors (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by or
awarded against any Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation or proceeding or preparation of a defense in connection
therewith) the Notes, this Agreement, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Advances, except to the extent such claim, damage, loss, liability or expense is found in a final, non-appealable
judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct, as determined by a non-appealable judgment by a court of competent jurisdiction. The Guarantor agrees to
indemnify and hold harmless each Indemnified Party from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by or awarded against any Indemnified
Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) the actual or alleged
presence of Hazardous Materials on any property of the Guarantor or any of its Subsidiaries or any Environmental Action relating in any way to the Guarantor or any of its Subsidiaries, except to the extent such claim, damage, loss, liability or
expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross negligence or willful misconduct. In the case of an investigation, litigation or other proceeding to
which the indemnity in this Section 9.04(b) applies, such indemnity 

  

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shall be effective whether or not such investigation, litigation or proceeding is brought by any Loan Party, its directors, equityholders or creditors or an
Indemnified Party or any other Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated. The Loan Parties also agree not to assert any claim for special,
indirect, consequential or punitive damages against the Agent, any Lender, any of their Affiliates, or any of their respective directors, officers, employees, attorneys and agents, on any theory of liability, arising out of or otherwise relating to
the Notes, this Agreement, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Advances. 
 (c)
If any payment of principal of, or Conversion of, any Eurocurrency Rate Advance is made by any Borrower to or for the account of a Lender (i) other than on the last day of the Interest Period for such Advance, as a result of a payment or
Conversion pursuant to Section 2.08, 2.10, 2.12 or 2.18, acceleration of the maturity of the Notes pursuant to Section 6.01 or for any other reason, or by an Eligible Assignee to a Lender other than on the last day of the Interest Period
for such Advance upon an assignment of rights and obligations under this Agreement pursuant to Section 9.07 as a result of a demand by the Borrowers pursuant to Section 9.07(a) or (ii) as a result of a payment or Conversion pursuant
to Section 2.08, 2.10 or 2.12, the applicable Borrower shall, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender any amounts required to compensate such Lender for any
additional losses, costs or expenses that it may reasonably incur as a result of such payment or Conversion, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by any Lender to fund or maintain such Advance. 
 (d) Without prejudice to the survival of any other agreement of any Loan Party
hereunder, the agreements and obligations of the Loan Parties contained in Sections 2.11, 2.14 and 9.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes. 
 SECTION 9.05. Right of Set-off. Upon (i) the occurrence and during the continuance of any Event of Default and (ii) the making of the
request or the granting of the consent specified by Section 6.01 to authorize the Agent to declare the Advances due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any
time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or such
Affiliate to or for the credit or the account of any Loan Party against any and all of the obligations of such Loan Party now or hereafter existing under this Agreement and the Note held by such Lender, whether or not such Lender shall have made any
demand under this Agreement or such Note and although such obligations may be unmatured. Each Lender agrees promptly to notify such Loan Party after any such set-off and application, provided that the failure to give such notice shall not
affect the validity of such set-off and application. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) that such Lender and its
Affiliates may have. 
 SECTION 9.06. Binding Effect. This Agreement shall become effective (other than Section 2.01, which shall
only become effective upon satisfaction of the conditions precedent set forth in Section 3.01) when it shall have been executed by the Loan Parties and the Agent and when the Agent shall have been notified by each Initial Lender that such
Initial Lender has executed it and thereafter shall be binding upon and inure to the benefit of the Loan Parties, the Agent and each Lender and their respective successors and assigns, except that no Loan Party shall have the right to assign its
rights hereunder or any interest herein without the prior written consent of the Lenders. 
 SECTION 9.07. Assignments and
Participations. (a) Each Lender may and, if demanded by the Borrowers (following a demand by such Lender pursuant to Section 2.11 or 2.14 or if such Lender is a Defaulting Lender) upon at least five Business Days’ notice to such
Lender and the Agent, will assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Revolving Credit Commitment, its undrawn Letter of Credit
Commitment, the Advances owing to it, its participations in Letters of Credit and the Note or Notes held by it); provided, however, that (i) each such assignment shall be of a constant, and not a varying, percentage of all rights
and obligations under and in respect of its Revolving Credit Commitment, (ii) except in the case of an assignment to a Person that, immediately prior to such assignment, was a Lender or an Affiliate of a Lender or an assignment of all of a
Lender’s rights and 

  

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obligations under this Agreement, the amount of (x) the Revolving Credit Commitment of the assigning Lender being assigned pursuant to each such
assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than EUR 5,000,000 or an integral multiple of EUR 1,000,000 in excess thereof and (y) the undrawn Letter of Credit
Commitment of the assigning Lender being assigned pursuant to each such assignment (determined as of the date of the applicable Assignment and Acceptance) shall in no event be less than EUR 1,000,000, unless, in each case, the Borrowers and the
Agent agree, (iii) each such assignment shall be to an Eligible Assignee, (iv) each such assignment made as a result of a demand by the Borrowers pursuant to this Section 9.07(a) shall be arranged by the Borrowers after consultation
with the Agent and shall be either an assignment of all of the rights and obligations of the assigning Lender under this Agreement or an assignment of a portion of such rights and obligations made concurrently with another such assignment or other
such assignments that together cover all of the rights and obligations of the assigning Lender under this Agreement, (v) no Lender shall be obligated to make any such assignment as a result of a demand by the Borrowers pursuant to this
Section 9.07(a) unless and until such Lender shall have received one or more payments from either the Borrowers or one or more Eligible Assignees in an aggregate amount at least equal to the aggregate outstanding principal amount of the
Advances owing to such Lender, together with accrued interest thereon to the date of payment of such principal amount and all other amounts payable to such Lender under this Agreement, and (vi) the parties to each such assignment shall execute
and deliver to the Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together with any Note subject to such assignment and a processing and recordation fee of $3,500 payable by the parties to each such
assignment, provided, however, that in the case of each assignment made as a result of a demand by the Borrowers, such recordation fee shall be payable by the Borrowers except that no such recordation fee shall be payable in the case
of an assignment made at the request of the Borrowers to an Eligible Assignee that is an existing Lender, and (vii) any Lender may, without the approval of the Borrowers and the Agent, assign all or a portion of its rights to any of its
Affiliates. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment and Acceptance, (x) the assignee thereunder shall be a party hereto and, to the extent that rights and
obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender hereunder and (y) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder
have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (other than its rights under Section 2.11, 2.14 and 9.04 to the extent any claim thereunder relates to an event arising prior such assignment) and be
released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a
party hereto). 
 (b) By executing and delivering an Assignment and Acceptance, the Lender assignor thereunder and the assignee thereunder
confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to
any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished
pursuant hereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any of its obligations
under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the financial statements referred to in Section 4.01
and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon the Agent, such
assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (v) such assignee confirms
that it is an Eligible Assignee; (vi) such assignee appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms hereof,
together with such powers and discretion as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be
performed by it as a Lender. 
 (c) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee
representing that it is an Eligible Assignee, together with any Note or Notes subject to such assignment, the Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of 

  

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Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give
prompt notice thereof to the Borrowers. 
 (d) The Agent shall maintain a copy of each Assumption Agreement and each Assignment and
Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Advances owing to, each Lender from time to time (the
“Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrowers, the Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender
hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrowers or any Lender, as to its Commitment only, at any reasonable time and from time to time upon reasonable prior notice. 
 (e) Each Lender may sell participations to one or more banks or other entities (other than the Loan Parties or any of their Affiliates) in or to all or a
portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitments, the Advances owing to it and any Note or Notes held by it); provided, however, that (i) such
Lender’s obligations under this Agreement (including, without limitation, its Commitments to the Borrowers hereunder) shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance
of such obligations, (iii) such Lender shall remain the holder of any such Note for all purposes of this Agreement, (iv) the Borrowers, the Agent and the other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement and (v) no participant under any such participation shall have any right to approve any amendment or waiver of any provision of this Agreement or any Note, or any
consent to any departure by any Loan Party therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each case to the extent
subject to such participation, or postpone any date fixed for any payment of principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each case to the extent subject to such participation. 
 (f) Any Lender may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 9.07,
disclose to the assignee or participant or proposed assignee or participant, any information relating to any Loan Party furnished to such Lender by or on behalf of any Loan Party; provided that, prior to any such disclosure, the assignee or
participant or proposed assignee or participant shall agree to preserve the confidentiality of any Confidential Information relating to such Loan Party received by it from such Lender. 
 (g) Notwithstanding any other provision set forth in this Agreement, any Lender may at any time create a security interest in all or any portion of its
rights under this Agreement (including, without limitation, the Advances owing to it and any Note or Notes held by it) in favor of any Federal Reserve Bank in accordance with Regulation A of the Board of Governors of the Federal Reserve System.

 (h) Designation. (i) Notwithstanding anything to the contrary contained herein (but subject to Sections 2.18 and 2.19), any
Lender (a “Designating Lender”) may grant to one or more special purpose funding vehicles (each, an “SPV”), identified as such in writing from time to time by the Designating Lender to the Agent and the Borrowers,
the option to provide to the Borrowers all or any part of any Advance that such Designating Lender would otherwise be obligated to make to the Borrowers pursuant to this Agreement; provided that (A) nothing herein shall constitute a
commitment by any SPV to make any Advance, (B) if an SPV fails to provide all or any part of such Advance, the Designating Lender shall be obligated to make such Advance pursuant to the terms hereof and (C) the Designating Lender shall, at
all times, remain liable for any indemnity or other payment obligation with respect to its Commitment hereunder. The making of a Advance by an SPV hereunder shall utilize the applicable Commitment of the Designating Lender to the same extent, and as
if such Advance were made by such Designating Lender. 
 (ii) As to any Advances or portion thereof made by it, each SPV shall
have all the rights that the Designating Lender making such Advances or portion thereof would have had under this Agreement; provided, however, that each SPV shall have granted to its Designating Lender an irrevocable power of
attorney, to deliver and receive all communications and notices under this Agreement and to exercise on such SPV’s behalf, all of such SPV’s voting rights under this Agreement. No additional Notes shall be 

  

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required to evidence the Advances or portion thereof made by an SPV; and the related Designating Lender shall be deemed to hold its Note, if any, as agent
for such SPV to the extent of the Advances or portion thereof funded by such SPV. In addition, any payments for the account of any SPV shall be paid to its Designating Lender as agent for such SPV. 
 (iii) Each party hereto hereby agrees that no SPV shall be liable for any indemnity or payment under this Agreement for which a Lender
would otherwise be liable. In furtherance of the foregoing, each party hereto hereby agrees (which agreements shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all
outstanding commercial paper or other senior indebtedness of any SPV, it will not institute against, or join any other person in instituting against, such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under
the laws of the United States or any State thereof. 
 (iv) In addition, notwithstanding anything to the contrary contained in
this Section 9.07(h) or otherwise in this Agreement, any SPV may (A) at any time and without paying any processing fee therefor, assign or sell a participation in all or a portion of its interest in any Advances to the Designating Lender
or to any financial institutions providing liquidity and/or credit support to or for the account of such SPV to support the funding or maintenance of Advances and (B) disclose on a confidential basis any non-public information relating to its
Advances to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancements to such SPV. This Section 9.07(h) may not be amended without the written consent of any Designating Lender affected
thereby. 
 SECTION 9.08. Confidentiality. Neither the Agent nor any Lender shall disclose any Confidential Information to any other
Person without the written consent of the Borrowers, other than (a) to the Agent’s or such Lender’s Affiliates and their officers, directors, employees, agents and advisors and, as contemplated by Section 9.07(f), to actual or
prospective Eligible Assignees and participants, and then only on a confidential basis, (b) as required by any law, rule or regulation or judicial process and (c) as requested or required by any state, federal or foreign authority or
examiner regulating banks or banking. 
 SECTION 9.09. Governing Law. This Agreement and the Notes shall be governed by, and construed
in accordance with, the laws of the State of New York. 
 SECTION 9.10. Execution in Counterparts. 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 taken together shall constitute one and the same agreement. Delivery of an
executed counterpart of a signature page to this Agreement by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 9.11. Jurisdiction, Etc. (a) Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State
court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the Notes, or for recognition or enforcement
of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such New York State court or, to the extent permitted
by law, in such federal court. Each Designated Subsidiary hereby agrees that service of process in any such action or proceeding brought in the any such New York State court or in such federal court may be made upon the Guarantor at its address set
forth in Section 9.02 and each such Borrower hereby irrevocably appoints the Guarantor its authorized agent to accept such service of process, and agrees that the failure of the Guarantor to give any notice of any such service shall not impair
or affect the validity of such service or of any judgment rendered in any action or proceeding based thereon. Each Loan Party hereby further irrevocably consents to the service of process in any action or proceeding in such courts by the mailing
thereof by any parties hereto by registered or certified mail, postage prepaid, such Loan Party at its address specified pursuant to Section 9.02. Each of the parties hereto agrees 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. Nothing in this Agreement shall affect any right that any party may otherwise have to bring any action or proceeding relating to
this Agreement or the Notes in the courts of any jurisdiction. 
  

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 (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the Notes in any New York State or federal court. Each of
the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 SECTION 9.12. Designated Borrowers. (a) Designation. The Loan Parties may at any time, and from time to time, upon not less than 15
Business Days’ notice, notify the Agent that the Loan Parties intend to designate a Foreign Subsidiary as a “Designated Subsidiary” for purposes of this Agreement. On or after the date that is 15 Business Days after such notice, upon
delivery to the Agent and each Lender of a Designation Letter duly executed by the Guarantor and the respective Subsidiary and substantially in the form of Exhibit E hereto, such Subsidiary shall thereupon become a “Designated Subsidiary”
for purposes of this Agreement and, as such, shall have all of the rights and obligations of a Borrower hereunder. The Agent shall promptly notify each Lender of the Loan Parties’ notice of such pending designation by the Loan Parties and the
identity of the respective Foreign Subsidiary. Following the giving of any notice pursuant to this Section 9.12(a), if the designation of such Designated Subsidiary obligates the Agent or any Lender to comply with “know your customer”
or similar identification procedures in circumstances where the necessary information is not already available to it, the Loan Parties shall, promptly upon the request of the Agent or any Lender, supply such documentation and other evidence as is
reasonably requested by the Agent or any Lender in order for the Agent or such Lender to carry out and be satisfied it has complied with the results of all necessary “know your customer” or other similar checks under all applicable laws
and regulations. 
 Any Lender may, with notice to the Agent and the Loan Parties, fulfill its Commitment by causing an Affiliate of such
Lender to act as the Lender in respect of such Designated Subsidiary (and such Lender shall, to the extent of Advances made to and participations in Letters of Credit issued for the account of such Designated Subsidiary, be deemed for all purposes
hereof to have pro tanto assigned such Advances and participations to such Affiliate in compliance with the provisions of Section 9.07). 
 As soon as practicable after receiving notice from the Loan Parties or the Agent of the Loan Parties’ intent to designate a Foreign Subsidiary as a Designated Borrower, and in any event no later than five
Business Days after the delivery of such notice, any Lender that may not legally lend to, establish credit for the account of and/or do any business whatsoever with such Designated Subsidiary directly or through an Affiliate of such Lender as
provided in the immediately preceding paragraph (a “Protesting Lender”) shall so notify the Loan Parties and the Agent in writing. With respect to each Protesting Lender, the Loan Parties shall, effective on or before the date that
such Designated Subsidiary shall have the right to borrow hereunder, either (A) notify the Agent and such Protesting Lender that the Commitments of such Protesting Lender shall be terminated; provided that such Protesting Lender shall
have received payment of an amount equal to the outstanding principal of its Advances and/or Letter of Credit reimbursement obligations, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the
extent of such outstanding principal and accrued interest and fees) or the Loan Parties or the relevant Designated Subsidiary (in the case of all other amounts), or (B) cancel its request to designate such Subsidiary as a “Designated
Subsidiary” hereunder. 
 (b) Termination. Upon either (i) the assumption of all of the indebtedness, liabilities and
obligations of any Borrower under this Agreement and the Notes issued by it by any other Borrower hereunder pursuant to an assumption agreement in form and substance satisfactory to the Agent (and subject to such other reasonable conditions as the
Agent may deem appropriate to evidence the authority and enforceability of such assumption) or (ii) the payment and performance in full of all of the indebtedness, liabilities and obligations of any Borrower under this Agreement and the Notes
issued by it, then, so long as at such time such Borrower has not submitted a Notice of Borrowing or a Notice of Issuance, such Borrower’s status as a Borrower shall terminate upon notice to such effect from the Agent to the Lenders (which
notice the Agent shall promptly deliver to the Lenders following its receipt of such a request from the Guarantor). Thereafter, the Lenders shall be under no further obligation to make any Advances to such Borrower. 
 SECTION 9.13. No Liability of the Issuing Banks. The Borrowers assume all risks of the acts or omissions of any beneficiary or transferee of any
Letter of Credit with respect to its use of such Letter of Credit. Neither an Issuing Bank nor any of its officers or directors shall be liable or responsible for: (a) the use that may be 

  

 52 

 
made of any Letter of Credit or any acts or omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency or
genuineness of documents, or of any endorsement thereon, even if such documents should prove to be in any or all respects invalid, insufficient, fraudulent or forged; (c) payment by such Issuing Bank against presentation of documents that do
not comply with the terms of a Letter of Credit, including failure of any documents to bear any reference or adequate reference to the Letter of Credit; or (d) any other circumstances whatsoever in making or failing to make payment under any
Letter of Credit, except that the Borrowers shall have a claim against such Issuing Bank, and such Issuing Bank shall be liable to the Borrowers, to the extent of any direct, but not consequential damages suffered by a Borrower that such Borrower
proves were caused by (i) such Issuing Bank’s willful misconduct or gross negligence in determining whether documents presented under any Letter of Credit comply with the terms of the Letter of Credit or (ii) such Issuing Bank’s
willful failure to make lawful payment under a Letter of Credit after the presentation to it of a draft and certificates strictly complying with the terms and conditions of the Letter of Credit. In furtherance and not in limitation of the foregoing,
such Issuing Bank may accept documents that appear on their face to be in order, without responsibility for further investigation. 
 SECTION
9.14. Patriot Act. Each Lender hereby notifies each Loan Party that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain,
verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the Act. 

SECTION 9.15. Judgment. (a) If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder in
Euros, Sterling or Dollars into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Agent could
purchase Euros, Sterling or Dollars, as the case may be, with such other currency at RBS’s principal office at 11:00 A.M. (London time) on the Business Day preceding that on which final judgment is given. 
 (b) The obligation of each Borrower in respect of any sum due from it in any currency (the “Primary Currency”) to any Lender or the
Agent hereunder shall, notwithstanding any judgment in any other currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Agent (as the case may be), of any sum adjudged to be so due in such other
currency, such Lender or the Agent (as the case may be) may in accordance with normal banking procedures purchase the applicable Primary Currency with such other currency; if the amount of the applicable Primary Currency so purchased is less than
such sum due to such Lender or the Agent (as the case may be) in the applicable Primary Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender or the Agent (as the case may be)
against such loss, and if the amount of the applicable Primary Currency so purchased exceeds such sum due to any Lender or the Agent (as the case may be) in the applicable Primary Currency, such Lender or the Agent (as the case may be) agrees to
remit to such Borrower such excess. 
 [The remainder of this page is intentionally left blank.] 
  

 53 

 SECTION 9.16. Waiver of Jury Trial. Each of the Guarantor, the Borrowers, the Agent and the
Lenders hereby irrevocably waives all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the Notes or the actions of the Agent or any Lender
in the negotiation, administration, performance or enforcement thereof. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement
to be executed by their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	LUBRIZOL HOLDINGS FRANCE S.A.S., as Borrower
		
	By	 	 /s/ Charles P. Cooley

	Name:	 	Charles P. Cooley
	Title:	 	Directeur General
	
	On behalf of LUBRIZOL ADVANCED MATERIALS EUROPE BVBA, as Borrower
		
	By	 	 /s/ Charles P. Cooley

	Name:	 	Charles P. Cooley
	Title:	 	Power of Attorney
	Capacity:	 	Attorney-in-Fact
	
	LUBRIZOL (GIBRALTAR) LIMITED, as Borrower
		
	By	 	 /s/ Charles P. Cooley

	Name:	 	Charles P. Cooley
	Title:	 	Attorney of the Company
	
	On behalf of LUBRIZOL EUROPE COORDINATION CENTER, as Borrower
		
	By	 	 /s/ Charles P. Cooley

	Name:	 	Charles P. Cooley
	Title:	 	Power of Attorney
	Capacity:	 	Attorney-in-Fact
	
	THE LUBRIZOL CORPORATION, as Guarantor
		
	By	 	 /s/ Charles P. Cooley

	Name:	 	Charles P. Cooley
	Title:	 	Senior Vice President & Chief
		 	Financial Officer
		
	By	 	 /s/ Brian A. Valentine

	Name:	 	Brian A. Valentine
	Title:	 	Treasurer
	
	THE ROYAL BANK OF SCOTLAND PLC, as Agent
		
	By	 	 /s/ Belinda Tucker

	Name:	 	Belinda Tucker
	Title:	 	Senior Vice President

  

 54 

 Initial Issuing Bank 
  

			
	THE ROYAL BANK OF SCOTLAND PLC
		
	By	 	 /s/ Belinda Tucker

	Name:	 	Belinda Tucker
	Title:	 	Senior Vice President

 Initial Lenders 
  

			
	THE ROYAL BANK OF SCOTLAND PLC
		
	By	 	 /s/ Belinda Tucker

	Name:	 	Belinda Tucker
	Title:	 	Senior Vice President
	
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By	 	 /s/ Marcus Tarkington

	Name:	 	Marcus Tarkington
	Title:	 	Director
		
	By	 	 /s/ Ming K. Chu

	Name:	 	Ming K. Chu
	Title:	 	Vice President
	
	CITIBANK, N.A. (LONDON BRANCH)
		
	By	 	 /s/ Paul Gibbs

	Name:	 	Paul Gibbs
	Title:	 	Director
	
	CITIBANK INTERNATIONAL PLC
		
	By	 	 /s/ Paul Gibbs

	Name:	 	Paul Gibbs
	Title:	 	Director
	
	JPMORGAN CHASE BANK, N.A
		
	By	 	 /s/ Robert S. Sheppard

	Name:	 	Robert S. Sheppard
	Title:	 	Vice President
	
	JPMORGAN EUROPE LIMITED
		
	By	 	 /s/ Alartair Stevenson

	Name:	 	Alartair Stevenson
	Title:	 	Managing Director

  

 55 

			
	CALYON CRÉDIT AGRICOLE CIB
		
	By	 	 /s/ Ouiot Alexis

	Name:	 	Quiot Alexis
	Title:	 	Normandie Beauce Branch Director
		
	By	 	 /s/ Guilleout Sibe

	Name:	 	Guilleout Sibe
	Title:	 	Normandie Beauce Branch Sales
	
	FORTIS BANK SA/NV
		
	By	 	 /s/ Natalie Gilbert

	Name:	 	Natalie Gilbert
	Title:	 	Manager, Contracting and Credit & Loan Administration
	
	FORTIS BANK SA/NV
		
	By	 	 /s/ Herman Sonck

	Name:	 	Herman Sonck
	Title:	 	Senior Manager, Contracting and Credit & Loan Administration
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
		
	By	 	 /s/ Mr. A. C. Trenouth

	Name:	 	A. C. Trenouth
	Title:	 	Head of Corporate Banking

  

 56 

 SCHEDULE I 
 APPLICABLE LENDING OFFICES 
  

											
	 Name of Initial Lender
	  	Revolving Credit
Commitment	  	Letter of Credit
Commitment	  	 Domestic Lending Office
	  	 Eurocurrency Lending
Office
	  	 Home Office and Tax ID
Number

	The Royal Bank of Scotland PLC	  	€27,500,000	  	€15,000,000	  	 600 Washington Blvd, Stamford, CT 06901
 Attn: Joyce
Raynor
 T: 203-971-7647
 F: 212-401-1494/1336
	  	 600 Washington Blvd, Stamford, CT 06901
 Attn: Joyce
Raynor
 T: 203-971-7647
 F: 212-401-1494/1336
	  	 600 Washington Blvd, Stamford, CT 06901
  
 13-1898944

						
	Deutsche Bank AG New York Branch	  	€27,500,000	  		  	 60 Wall Street
 New York, NY 10005
 Attn: Joe Cusmai
 T: 201 593-2202
 F: 201 593-2313
	  	 60 Wall Street
 New York, NY 10005
 Attn: Joe Cusmai
 T: 201 593-2202
 F: 201 593-2313
	  	 60 Wall Street
 New York, NY 10005
  
 13-2944988

						
	 Citibank, N.A. (London Branch)/Citibank International plc
  
 Any Commitments of Citibank, N.A. (including any branch thereof) and Citibank International plc to make Advances to a French Borrower or Lubrizol Gibraltar shall, as of
the date of this Agreement, be Commitments of Citibank International plc only; and any Commitments of Citibank, N.A. (including any branch thereof) and Citibank International plc to make Advances to a Belgian Borrower shall, as of the date of this
Agreement, be Commitments of
	  	€20,000,000	  		  	 Citibank International PLC
 (Poland)
 on behalf of Citibank NA
 London
 Loans Operations Department
 8 Chalubinskiego Str.
 8th Floor
 00-613 WARSAW
 Poland
	  	 Citibank International PLC
 (Poland)
 on behalf of Citibank NA
 London
 Loans Operations Department
 8 Chalubinskiego Str.
 8th Floor
 00-613 WARSAW
 Poland
	  	 Citibank, N.A.
 388 Greenwich Street, 34th Flr.

 New York, NY 10013
  
 13-5266470

											
	 Name of Initial Lender
	  	Revolving Credit
Commitment	  	Letter of Credit
Commitment	  	 Domestic Lending Office
	  	 Eurocurrency Lending
Office
	  	 Home Office and Tax ID
Number

	Citibank, N.A. (including any branch thereof) only	  		  		  		  		  	
						
	 JPMorgan Chase Bank, N.A./JPMorgan Europe Limited
 Any
Commitments of JPMorgan Chase Bank, N.A. (including any branch thereof) and JPMorgan Europe Limited to make Advances to a French Borrower or Lubrizol Gibraltar shall, as of the date of this Agreement, be Commitments of JPMorgan Europe Limited only;
and any Commitments of JPMorgan Chase Bank, N.A. (including any branch thereof) and JPMorgan Europe Limited to make Advances to a Belgian Borrower shall, as of the date of this Agreement, be Commitments of JPMorgan Chase Bank, N.A. (including any
branch thereof) only
	  	€20,000,000	  		  	 10 South Dearborn
 Chicago, IL 60603
 Attn: Kiran Mariappa
 T: (9180) 417-60761
 Kiran.k.m@jpmorgan.com
	  	 4th Floor, Prestige
 Technology Park
 Near Marathahalli Junction,
 Sarjapur Outer Ring
 Kadabeesanahalli, Vathur
 Hobli
 Bangalore
560087
 Attn: Kiran Mariappa
 T: (9180) 417-60761
 Kiran.k.m@jpmorgan.com
	  	 10 South Dearborn
 Chicago, IL 60603
  
 134994650

						
	Calyon Crédit Agricole CIB	  	€20,000,000	  		  	 9 Quai du President Pal Doumer
 92920 Paris,
France
 Attn: Rosa Blanchaud /
 Sandrine Boucher

 T: + 33 (0)1.41.89.26.59 /
 + 33
(0)1.41.89.67.74
 F: +33 (0)1.41.89.49.29
	  	 9 Quai du President Pal Doumer
 92920 Paris,
France
 Attn: Rosa Blanchaud /
 Sandrine Boucher

 T: + 33 (0)1.41.89.26.59 /
 + 33
(0)1.41.89.67.74
 F: +33 (0)1.41.89.49.29
	  	 9 Quai du President Pal Doumer
 92920 Paris, France

  
 36-2813095

  

 2 

											
	 Name of Initial Lender
	  	Revolving Credit
Commitment	  	Letter of Credit
Commitment	  	 Domestic Lending Office
	  	 Eurocurrency Lending
Office
	  	 Home Office and Tax ID
Number

	Fortis Bank SA/N.V.	  	€20,000,000	  		  	 Montagne du Parc 3
 1000 Brussels
 Belgium
 Attn: Viviane Van Gorp
 T: +32 2 565 20 47
 F: +32 2 565 06 40
	  	 Montagne du Parc 3
 1000 Brussels
 Belgium
 Attn: Viviane Van Gorp
 T: +32 2 565 20 47
 F: +32 2 565 06 40
	  	 Montagne du Parc 3
 1000 Brussels
 Belgium
  
 98-0235634

						
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  
 Any Commitments of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (including any branch thereof) to make Advances to a Belgian Borrower shall, as of the date of this Agreement,
be Commitments of The Bank of Tokyo-Mitsubishi UFJ, Ltd., Brussels Branch; and any Commitments of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (including any branch thereof) to make Advances to a French Borrower shall, as of the date of this Agreement, be
Commitments of The Bank of Tokyo-Mitsubishi UFJ, Ltd., Paris Branch
	  	€15,000,000	  		  	 12-15 Finsbury Circus
 London, UK EC2M 7BT
 England
 Attn: The Manager – Loan
 Participation Services
 T: +44 20 7577 5118
 F: +44 20 7577 1559
	  	 12-15 Finsbury Circus
 London, UK EC2M 7BT
 England
 Attn: The Manager – Loan
 Participation Services
 T: +44 20 7577 5118
 F: +44 20 7577 1559
	  	 12-15 Finsbury Circus London, UK EC2M 7BT
 England
  
 532/92556/25962

						
	 Total:
	  	€150,000,000	  	€15,000,000	  		  		  	

  

 3 

 SCHEDULE II 
 CALCULATION OF THE MANDATORY COST 
  

	1.	General 

 The Mandatory Cost is the weighted average
of the rates for each Lender calculated below by the Agent on the first day of an Interest Period. The Agent must distribute each amount of Mandatory Cost among the Lenders on the basis of the relevant rate for each Lender. 
  

	2.	For a Lender lending from an Applicable Lending Office in the U.K. 

  

	(a)	The relevant rate for a Lender lending from an Applicable Lending Office in the U.K. is calculated in accordance with the following formula: 

  

	
	A x 0.01 per cent. per annum
	    300

 where on the day of application of the formula: 
  

	 	A	is the charge payable by each Lender to the Financial Services Authority under the fees regulations (but, for this purpose, ignoring any minimum fee required under the fees
regulations) and expressed in pounds per £1 million of the fee base of that Lender. 

  

	(b)	For the purposes of this paragraph 2: 

  

	 	(i)	“fee base” has the meaning given to it in the fees regulations; and 

  

	 	(ii)	“fees regulations” means The Financial Services Banking Supervision (Fees) Regulations 2001. 

  

	(c)	Each rate calculated in accordance with a formula is, if necessary, rounded upward to four decimal places. 

  

					
	(d)	  	(i)	  	Each Lender must supply to the Agent the information required by it to make a calculation of the rate for that Lender. The Agent may assume that this information is correct in all
respects.
			
		  	(ii)	  	If a Lender fails to do so, the Agent may assume that the Lender’s obligations in respect of the fees regulations are the same as those of a typical bank from its jurisdiction of
incorporation with an Applicable Lending Office in the same jurisdiction as an Applicable Lending Office.
			
		  	(iii)	  	The Agent has no liability to any party to the Agreement if its calculation over or under compensates any Lender.

  

	3.	For a Lender lending from an Applicable Lending Office in a Participating Member State 

  

	(a)	The relevant rate for a Lender lending from an Applicable Lending Office in a Participating Member State is the percentage rate per annum notified by that Lender to the Agent as its
cost (if any) of complying with the minimum reserve requirements of the European Central Bank. 

  

	(b)	If a Lender fails to specify a rate under paragraph (a) above, the Agent will assume that the Lender has not incurred any such cost. 

  

	4.	Changes 

 The Agent may, after consultation with the
Loan parties and the Lenders, notify all the parties to the Agreement of any amendment to this Schedule which is required to reflect: 

	(a)	any change in law or regulation of the United Kingdom or the European Union relating to a cost of the type referred to in this Schedule; or 

  

	(b)	any requirement imposed by the Bank of England, the Financial Services Authority or the European Central Bank (or, in any case, any successor authority). 

Any notification will be, in the absence of manifest error, conclusive and binding on all the parties to the Agreement. 
  

 2 

 EXHIBIT A - FORM OF 
 NOTE 
  

			
	EUR             	  	Dated:             , 200  

 FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
            corporation (the “Borrower”), HEREBY PROMISES TO PAY to             (the “Lender”)
for the account of its Applicable Lending Office on the Termination Date (each as defined in the Credit Agreement referred to below) the principal sum of EUR [amount of the Lender’s Revolving Credit Commitment in figures] or, if less, the
aggregate principal amount of the Advances (as defined below) made by the Lender to the Borrower pursuant to the Three Year Credit Agreement dated as of July     , 2009 among the Borrower, [Lubrizol Holdings France S.A.S.,]
[Lubrizol Advanced Materials Europe BVBA,] [Lubrizol (Gibraltar) Limited] [Lubrizol Europe Coordination Center BVBA] as Borrowers, The Lubrizol Corporation as Guarantor, the Lender and certain other lenders parties thereto, and The Royal Bank of
Scotland plc, as Agent for the Lender and such other lenders (as amended or modified from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined) outstanding on the Termination Date.

 The Borrower promises to pay interest on the unpaid principal amount of each Advance from the date of such Advance until such principal
amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 
 Both principal and
interest in respect of each Advance are payable in the currency in which such Advance was made (i.e., the lawful money of the European Union, the lawful money of the United Kingdom of England and Wales or the lawful money of the United States of
America). Each Advance owing to the Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached
hereto which is part of this Promissory Note. 
 Both principal and interest in respect of each Advance (i) in Euros are payable to the
Agent in lawful money of the European Union at its account maintained at             , in same day funds, (ii) in Dollars are payable in lawful money of the United States of America to
the Agent at its account maintained at             , in same day funds and (iii) in Sterling are payable in lawful money of the United Kingdom of England and Wales to the Agent at its
account maintained at             , in same day funds. Each Advance owing to the Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal
thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory Note. 
 This Promissory Note is one of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement, among other things, (i) provides for the making of advances (the
“Advances”) by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any time outstanding the Euro amount first above mentioned, the indebtedness of the Borrower resulting from each such Advance being
evidenced by this Promissory Note, (ii) contains provisions for determining the Euro Equivalent of Advances denominated in Dollars and (iii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated
events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 
  

			
	[NAME OF BORROWER]
		
	By	 	  

	Title:	 	

 EXHIBIT B - FORM OF NOTICE OF 
 BORROWING 
 The Royal Bank of Scotland plc, as Agent 
 for the Lenders parties 
 to the Credit Agreement 
 referred to below 
 [Address] 
 [Date] 
 Attention: Bank Loan Syndications Department 
 Ladies and Gentlemen: 
 The undersigned, [Name of Borrower],
refers to the Three Year Credit Agreement, dated as of July     , 2009 (as amended or modified from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined), among the
undersigned, [Lubrizol Holdings France S.A.S.,] [Lubrizol Advanced Materials Europe BVBA,] [Lubrizol (Gibraltar) Limited] [Lubrizol Europe Coordination Center BVBA], as Borrowers, The Lubrizol Corporation as Guarantor, certain Lenders parties
thereto and The Royal Bank of Scotland plc, as Agent for said Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a Borrowing under the Credit Agreement, and
in that connection sets forth below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.02(a) of the Credit Agreement: 
 (i) The Business Day of the Proposed Borrowing is             ,
200  . 
 (ii) The Type of Advances comprising the Proposed Borrowing is [Base Rate Advances] [Eurocurrency Rate
Advances]. 
 (iii) The aggregate amount of the Proposed Borrowing is [€] [$] [£]
            ]. 
 [(iv) The initial Interest Period for each
Eurocurrency Rate Advance made as part of the Proposed Borrowing is             [days] [month[s]].] 
 The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed Borrowing: 
 (A) the representations and warranties contained in Article IV of the Credit Agreement (except the representations set forth in the last
sentence of Section 4.01(e)) (and, if the undersigned is a Designated Subsidiary, in the applicable Designation Letter) are correct, before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom, as
though made on and as of such date except to the extent that such representations and warranties expressly relate to an earlier specified date; and 

 (B) no event has occurred and is continuing, or would result from such Proposed Borrowing
or from the application of the proceeds therefrom, that constitutes a Default. 
  

			
	Very truly yours,
	
	[NAME OF BORROWER]
		
	By	 	  

	Title:	 	

  

 2 

 EXHIBIT C - FORM OF 
 ASSIGNMENT AND ACCEPTANCE 
 Reference is made to the Three Year Credit Agreement dated as of July
    , 2009 (as amended or modified from time to time, the “Credit Agreement”) among Lubrizol Holdings France S.A.S., Lubrizol Advanced Materials Europe BVBA, Lubrizol (Gibraltar) Limited and Lubrizol Europe
Coordination Center BVBA, as Borrowers, The Lubrizol Corporation as Guarantor, the Lenders (as defined in the Credit Agreement) and The Royal Bank of Scotland plc, as agent for the Lenders (the “Agent”). Terms defined in the Credit
Agreement are used herein with the same meaning. 
 The “Assignor” and the “Assignee” referred to on Schedule I
hereto agree as follows: 
 1. The Assignor hereby sells and assigns to the Assignee, without recourse, and the Assignee hereby purchases and
assumes from the Assignor, an interest in and to the Assignor’s rights and obligations under the Credit Agreement Facility on Schedule I hereto together with, in the case of an assignment of a Revolving Credit Commitment, participations in
Letters of Credit held by the Assignor on the date hereof. After giving effect to such sale and assignment, the Assignee’s Commitment and the amount of the Advances owing to the Assignee will be as set forth on Schedule 1 hereto.

 2. The Assignor (i) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder
and that such interest is free and clear of any adverse claim; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit
Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other instrument or document furnished pursuant thereto; (iii) makes no representation or warranty and assumes no
responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any of its obligations under the Credit Agreement or any other instrument or document furnished pursuant thereto; and
(iv) attaches the Note[, if any,] held by the Assignor [and requests that the Agent exchange such Note for a new Note payable to [the Assignee in an amount equal to the Revolving Credit Commitment assumed by the Assignee pursuant hereto or new
Notes payable to the Assignee in an amount equal to the Revolving Credit Commitment assumed by the Assignee pursuant hereto and] the Assignor in an amount equal to the Revolving Credit Commitment retained by the Assignor under the Credit Agreement[,
respectively,] as specified on Schedule 1 hereto]. 
 3. The Assignee (i) confirms that it has received a copy of the Credit
Agreement, together with copies of the financial statements referred to in Section 4.01 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and
Acceptance; (ii) agrees that it will, independently and without reliance upon the Agent, the Assignor or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Credit Agreement; (iii) confirms that it is an Eligible Assignee; (iv) appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and
discretion under the Credit Agreement as are delegated to the Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto; (v) agrees that it will perform in accordance with their terms all of the
obligations that by the terms of the Credit Agreement are required to be performed by it as a Lender; and (vi) attaches any U.S. Internal Revenue Service forms required under Section 2.14 of the Credit Agreement. 
 4. Following the execution of this Assignment and Acceptance, it will be delivered to the Agent for acceptance and recording by the Agent. The effective
date for this Assignment and Acceptance (the “Effective Date”) shall be the date of acceptance hereof by the Agent, unless otherwise specified on Schedule 1 hereto. 

 5. Upon such acceptance and recording by the Agent, as of the Effective Date, (i) the Assignee shall
be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent provided in this Assignment and Acceptance,
relinquish its rights and be released from its obligations under the Credit Agreement. 
 6. Upon such acceptance and recording by the Agent,
from and after the Effective Date, the Agent shall make all payments under the Credit Agreement and the Notes in respect of the interest assigned hereby (including, without limitation, all payments of principal, interest and commitment fees with
respect thereto) to the Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments under the Credit Agreement and the Notes for periods prior to the Effective Date directly between themselves. 
 7. This Assignment and Acceptance shall be governed by, and construed in accordance with, the laws of the State of New York. 
 8. This Assignment and Acceptance 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 taken together shall constitute one and the same agreement. Delivery of an executed counterpart of Schedule 1 to this Assignment and Acceptance by telecopier shall be effective as
delivery of a manually executed counterpart of this Assignment and Acceptance. 
 IN WITNESS WHEREOF, the Assignor and the Assignee have
caused Schedule 1 to this Assignment and Acceptance to be executed by their officers thereunto duly authorized as of the date specified thereon. 
  

 2 

 Schedule 1 
 to 
 Assignment and Acceptance 
 Revolving Credit Facility 
  

				
	 Percentage interest assigned:
	  	            	% 
		
	 Assignee’s Revolving Credit Commitment:
	  	EUR                	  
		
	 Aggregate outstanding principal amount of Advances assigned:
	  	EUR                	  
		
	 Principal amount of Note payable to Assignee:
	  	EUR                	  
		
	 Principal amount of Note payable to Assignor:
	  	EUR                	  

 Letter of Credit Facility 
  

				
	 Percentage interest assigned:
	  	            	% 
		
	 Assignee’s Letter of Credit Commitment:
	  	EUR                	  
		
	 Effective Date*:             , 200  
	  		

  

			
	[NAME OF ASSIGNOR], as Assignor
		
	By	 	  

	Title:	 	
		
	Dated:	 	            , 200  
	
	[NAME OF ASSIGNEE], as Assignee
		
	By	 	  

	Title:	 	
		
	Dated:	 	            , 200  
	
	Domestic Lending Office:
		 	[Address]
	
	Eurocurrency Lending Office:
		 	[Address]

  

	*	This date should be no earlier than five Business Days after the delivery of this Assignment and Acceptance to the Agent. 

  

 3 

			
	Accepted [and Approved]** this
	            day of             ,
200  
	
	THE ROYAL BANK OF SCOTLAND PLC, as Agent
		
	By	 	  

	Title:	 	
	
	[Approved this             day 
	of             , 200  
	
	LUBRIZOL HOLDINGS FRANCE S.A.S.
		
	By	 	  

	Name:	 	
	Title:	 	
	
	On behalf of LUBRIZOL ADVANCED MATERIALS EUROPE BVBA
		
	By	 	  

	Name:	 	
	Title:	 	
	Capacity:	 	
	
	LUBRIZOL (GIBRALTAR) LIMITED
		
	By	 	  

	Name:	 	
	Title:	 	
	
	On behalf of LUBRIZOL EUROPE COORDINATION CENTER BVBA
		
	By	 	  

	Name:	 	
	Title:	 	
	Capacity:	 	

 :]* 
  

	**	Required if the Assignee is an Eligible Assignee solely by reason of clause (iii) of the definition of “Eligible Assignee”. 

	*	Required if the Assignee is an Eligible Assignee solely by reason of clause (iii) of the definition of “Eligible Assignee”. 

  

 4Form of Indemnification Agreement

 Exhibit 10.2 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement (“Agreement”) is
made as of this      day of                      2009, by and between Apple Inc., a California corporation (the
“Company”), and                      (“Indemnitee”). 
 WHEREAS, the Company and Indemnitee recognize the difficulty in obtaining directors and officers liability insurance that fully and adequately covers directors and officers for their acts and
omissions on behalf of the Company and its subsidiaries; 
 WHEREAS, the Company and Indemnitee further recognize the
substantial increase in corporate litigation in general, subjecting officers and directors to expensive litigation risks that may not be fully covered by liability insurance; 
 WHEREAS, Indemnitee does not regard the current protection available as adequate under the present circumstances, and Indemnitee and other officers and directors of the Company may not be willing
to continue to serve as officers and directors without additional protection; and 
 WHEREAS, the Company desires to attract
and retain the services of highly qualified individuals, such as Indemnitee, to serve as officers and directors of the Company and to indemnify its officers and directors so as to provide them with the maximum protection permitted by law.

 NOW, THEREFORE, the Company and Indemnitee hereby agree as follows: 
 Section 1. Services By Indemnitee. Indemnitee hereby agrees to serve or continue to serve, at the will of the Company, as a
director, officer or key employee of the Company, for as long as Indemnitee is duly elected or appointed, as the case may be, or until Indemnitee tenders his or her resignation or is removed. For avoidance of doubt, the Company’s obligations
under this Agreement shall continue to the extent provided for in this Agreement, notwithstanding that Indemnitee may have ceased to be a director, officer or key employee of the Company. 
 Section 2. Indemnification. 
 (a) Third Party Proceedings. In connection with any Proceeding other than those instituted by or in the right of the Company, the Company shall indemnify Indemnitee against any and all Expenses and Liabilities,
in either case, actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf by reason of Indemnitee’s Corporate Status unless the Company shall establish, in 

 
accordance with the procedures described in Section 3 of this Agreement, that Indemnitee did not act in good faith and in a manner Indemnitee reasonably
believed to be in the best interests of the Company, and, with respect to any criminal Proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. 
 (b) Proceedings by or in the Right of the Company. In connection with any Proceeding instituted by or in the right of the Company, the Company shall indemnify Indemnitee against any and
all Expenses and, to the fullest extent permitted by law, amounts paid in settlement, in each case to the extent actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf by reason of Indemnitee’s Corporate Status unless the
Company shall establish, in accordance with the procedures described in Section 3 of this Agreement, that Indemnitee did not act in good faith and in a manner Indemnitee reasonably believed to be in the best interests of the Company and its
shareholders, except that no indemnification shall be made in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged to be liable to the Company in the performance of Indemnitee’s duty to the Company or any
Subsidiary of the Company unless and only to the extent that the court in which such Proceeding is or was pending shall determine upon application that, in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to
indemnity for Expenses or amounts paid in settlement and then only to the extent that the court shall determine. 
 (c)
Witness Expenses. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his or her Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he or she shall be
indemnified against all Expenses incurred by Indemnitee or on his or her behalf in connection therewith. 
 Section 3.
Advancement of Expenses; Indemnification Procedure. 
 (a) Advancement of Expenses. The Company shall advance
all Expenses incurred by Indemnitee in connection with any Proceeding referenced in Section 2(a) or Section 2(b) of this Agreement (but not amounts actually paid in settlement of any such Proceeding). Indemnitee hereby undertakes to repay
such amounts advanced only if, and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company as authorized hereby. The advances to be made hereunder shall be paid by the Company to
Indemnitee within 20 days following delivery of a written request therefor by Indemnitee to the Company. Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee’s ability to repay such amounts and
without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement. Advances shall include any and all Expenses incurred pursuing an action to enforce this right of advancement, including
Expenses incurred preparing and forwarding statements to the Company to support the advances claimed. 
  

 2 

 (b) Notice by Indemnitee. Indemnitee shall give the Company notice in writing as
soon as practicable of any Proceeding in respect of which Indemnitee intends to seek indemnification or advancement of Expenses hereunder. Notice to the Company shall be directed to the General Counsel of the Company at the address shown in
Section 16(a) of this Agreement (or such other address as the Company shall designate in writing to Indemnitee). The omission by Indemnitee to so notify the Company will not relieve the Company from any liability that it may have to Indemnitee
hereunder or otherwise. 
 (c) Determination of Entitlement. 
 (i) Where there has been a written notice by Indemnitee for indemnification pursuant to Section 3(b), then as soon as
is reasonably practicable (but in any event not later than 60 days) after final disposition of the relevant Proceeding, the Company shall make a determination, if and in the manner required by applicable law, with respect to Indemnitee’s
entitlement thereto; provided, however, that, if a Change in Control shall have occurred, the determination shall be made by an Independent Counsel (selected pursuant to Section 3(c)(ii)) in a written opinion to the Company’s Board of
Directors, a copy of which shall be delivered to Indemnitee. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall reasonably
cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or
information that is not privileged or otherwise protected from disclosure and that is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements)
actually and reasonably incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification).

 (ii) If entitlement to indemnification is to be determined by an Independent Counsel after a Change in
Control pursuant to Section 3(c)(i), such Independent Counsel shall be selected by Indemnitee, and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. Within 10 days after such
written notice of selection shall have been received, the Company may deliver to Indemnitee a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected
does not meet the requirements of “Independent Counsel” as defined in Section 13(a) of this Agreement, and the objection shall set forth with particularity the factual basis of such 

  

 3 

 
assertion. Absent a proper and timely objection, the person so selected shall act as the Independent Counsel. If such written objection is so made and
substantiated, the Independent Counsel so selected may not serve as the Independent Counsel unless and until such objection is withdrawn or a court of competent jurisdiction has determined that such objection is without merit. If, within 20 days
after the final disposition of the Proceeding, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any objection which shall have been
made by the Company to Indemnitee’s selection of the Independent Counsel and/or for the appointment as the Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect
to whom all objections are so resolved or the person so appointed shall act as the Independent Counsel under Section 3(c)(i) hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 4(a) of this
Agreement, the Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 
 (iii) The Company agrees to pay the reasonable fees and expenses of any Independent Counsel serving under this Agreement.

 (d) Presumptions and Burdens of Proof. 
 (i) In making any determination with respect to entitlement to indemnification hereunder, the person, persons or entity
making such determination shall, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification under this Agreement, and the Company shall have, to the fullest extent not prohibited by law, the burden of proof
to overcome that presumption in connection with the making of any determination contrary to that presumption. Neither the failure of the person, persons or entity to have made a determination prior to the commencement of any action pursuant to this
Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the person, persons or entity that Indemnitee has not met such applicable standard of
conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 
 (ii) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise
expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did 

  

 4 

 
not act in good faith and in a manner that he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any
criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful. 
 (iii) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is in good faith reliance on the records or books of account of any Enterprise, including financial
statements, or on information supplied to Indemnitee by the officers of such Enterprise in the course of their duties, or on the advice of legal counsel for such Enterprise or on information or records given or reports made to such Enterprise by an
independent certified public accountant or by an appraiser or other expert selected by such Enterprise. The provisions of this Section 3(d)(iii) shall not be deemed to be exclusive or to limit in any way the other circumstances in which
Indemnitee may be deemed or found to have met the applicable standard of conduct set forth in this Agreement. 
 (e)
Notice to Insurers. If, at the time of the receipt of a notice of a Proceeding pursuant to Section 3(b) of this Agreement, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the
commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. Thereafter, the Company shall take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee,
all amounts payable as a result of such Proceeding in accordance with the terms of such policies. 
 (f) Relationship to
Other Sources. Indemnitee shall not be required to exercise any rights against any other parties (for example, under any insurance policy purchased by the Company, Indemnitee or any other person or entity) before Indemnitee enforces this
Agreement. However, to the extent the Company actually indemnifies Indemnitee or advances Expenses, the Company shall be entitled to enforce any such rights that Indemnitee may have against third parties. Indemnitee shall assist the Company in
enforcing those rights if the Company pays Indemnitee’s reasonable costs and expenses of doing so. 
 (g) Defense of
Claims; Selection of Counsel. 
 (i) The Company shall not settle any action, claim, or Proceeding (in
whole or in part) that would impose any Expense, judgment, fine, penalty or limitation on Indemnitee, without Indemnitee’s prior written consent; provided, however, that, with respect to settlements requiring solely the payment of money either
by the Company or by Indemnitee for which the Company is obligated to reimburse Indemnitee promptly and completely, in either case without recourse to Indemnitee, no such consent of Indemnitee shall be required. Indemnitee shall not settle any
action, claim or Proceeding (in whole or in part) that would 

  

 5 

 
impose any Expense, judgment, fine, penalty or limitation on the Company without the Company’s prior written consent, such consent not to be
unreasonably withheld. 
 (ii) In the event the Company shall be obligated under Section 3(a) of this
Agreement to pay the Expenses of any Proceeding against Indemnitee, the Company, if appropriate, shall be entitled to assume the defense of such proceeding, with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, upon
the delivery to Indemnitee of written notice of its election so to do. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this
Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, provided that (i) Indemnitee shall have the right to employ Indemnitee’s own counsel in any such Proceeding at Indemnitee’s
expense; and (ii) if (A) the employment of counsel by Indemnitee has been previously authorized by the Company, (B) Indemnitee shall have concluded in good faith that there may be a conflict of interest between the Company and
Indemnitee or between Indemnitee and any other persons represented by the same counsel, in the conduct of any such defense, or (C) the Company, in fact, shall not have employed counsel to assume the defense of such Proceeding, then the
reasonable fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. 
 Section 4. Remedies
of Indemnitee. 
 (a) In the event of any dispute between Indemnitee and the Company hereunder as to entitlement to
indemnification, contribution or advancement of Expenses (including where (i) a determination is made pursuant to Section 3(c) of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement
of Expenses is not timely made pursuant to Section 3(a) of this Agreement, (iii) payment of indemnification pursuant to Section 3(c) of this Agreement is not made within 10 days after a determination has been made that Indemnitee
is entitled to indemnification, (iv) no determination as to entitlement to indemnification is timely made pursuant to Section 3(c) of this Agreement, or (v) a contribution payment is not made in a timely manner pursuant to
Section 9 of this Agreement), then Indemnitee shall be entitled to an adjudication by a court of Indemnitee’s entitlement to such indemnification, contribution or advancement. Alternatively, in such case, Indemnitee, at Indemnitee’s
option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. The Company shall not oppose Indemnitee’s right to seek any such adjudication
or award in arbitration. 
  

 6 

 (b) In the event that a determination shall have been made pursuant to Section 3(c)
of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 4 shall be conducted in all respects as a de novo trial, or arbitration, on the merits, and
Indemnitee shall not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 4, the Company shall have the burden of proving Indemnitee is not entitled to
indemnification or advancement of Expenses, as the case may be, and the Company may not refer to or introduce into evidence any determination pursuant to Section 3(c) of this Agreement adverse to Indemnitee for any purpose. If Indemnitee
commences a judicial proceeding or arbitration pursuant to this Section 4, Indemnitee shall not be required to reimburse the Company for any advances pursuant to Section 3(a) until a final determination is made with respect to
Indemnitee’s entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed). 
 (c) If
a determination shall have been made pursuant to Section 3(c) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to
this Section 4, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with such determination of
Indemnitee’s entitlement to indemnification, or (ii) a prohibition of such indemnification under applicable law. 
 (d) The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 4 that the procedures and presumptions of this Agreement are not valid, binding or enforceable and shall
stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement. 
 (e) The Company shall indemnify Indemnitee to the fullest extent permitted by law against all Expenses incurred by Indemnitee in connection with any judicial proceeding or arbitration brought by Indemnitee for (i) indemnification or
advances of Expenses by the Company (or otherwise for the enforcement, interpretation or defense of his or her rights) under this Agreement or any other agreement, including any other indemnification, contribution or advancement agreement, or any
provision of the Company’s Articles of Incorporation or By-laws now or hereafter in effect or (ii) recovery or advances under any directors and officers liability insurance policy maintained by the Company, regardless of whether Indemnitee
ultimately is determined to be entitled to such indemnification, contribution, advancement or insurance recovery, as the case may be; provided, however, that this Section 4(e) shall not apply if, as part of such judicial proceeding or
arbitration, the court of competent jurisdiction or the arbitrator, as the case may be, determines that the material assertions made by Indemnitee as a basis for such judicial proceeding or arbitration were not made in good faith or were frivolous.

  

 7 

 Section 5. Additional Indemnification Rights; Nonexclusivity. 

(a) Scope. Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify the Indemnitee to the
fullest extent permitted by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s Articles of Incorporation, the Company’s By-Laws or by statute. In the event
of any change, after the date of this Agreement, in any applicable law, statute or rule that expands the right of a California corporation to indemnify a member of its or a Subsidiary’s Board of Directors or an officer, such changes shall be,
ipso facto, within the purview of Indemnitee’s rights and the Company’s obligations, under this Agreement. In the event of any change in any applicable law, statute or rule that narrows the right of a California corporation to
indemnify a member of the Board of Directors or an officer of the Company or a Subsidiary, such changes, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the
parties’ rights and obligations hereunder. 
 (b) Nonexclusivity. The rights of indemnification, contribution and
advancement of Expenses as provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under the Company’s Articles of Incorporation, its By-Laws, any agreement, any vote of shareholders or
disinterested directors, the General Corporation Law of the State of California, or otherwise, both as to action in Indemnitee’s official capacity and as to action or inaction in another capacity while holding such office. The indemnification
provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though Indemnitee may have ceased to serve in such capacity at the time of any covered Proceeding is
commenced. 
 Section 6. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the Expenses and Liabilities actually or reasonably incurred by Indemnitee in any Proceeding, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee
for the portion of such Expenses and Liabilities to which Indemnitee is entitled. 
 Section 7. Mutual Acknowledgment.
Both the Company and Indemnitee acknowledge that, in certain instances, Federal law or applicable public policy may prohibit the Company from indemnifying its directors and officers under this Agreement or otherwise. Indemnitee understands and
acknowledges that the Company has undertaken or may be required in the future in certain circumstances to undertake with the Securities and Exchange Commission to submit the question of indemnification to a court for a determination of the
Company’s right under public policy to indemnify Indemnitee. 
  

 8 

 Section 8. Directors and Officers Liability Insurance. The Company, from time to
time, shall make the good faith determination whether or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with
coverage for losses from wrongful acts or to ensure the Company’s performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against the
protection afforded by such coverage. In all policies of directors and officers liability insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits as are accorded to the most favorably
insured of the Company’s directors, if Indemnitee is a director; or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer. Notwithstanding the foregoing, the Company shall have no obligation to obtain
or maintain such insurance if the Company determines in good faith that such insurance is not reasonably available, if the premium costs for such insurance are disproportionate to the amount of coverage provided, if the coverage provided by such
insurance is limited by exclusions so as to provide an insufficient benefit, or if Indemnitee is covered by similar insurance maintained by a Subsidiary or parent of the Company. 
 Section 9. Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this
Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for Liabilities and/or for Expenses, in connection with any Proceeding
relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (1) the relative benefits received by the Company and
Indemnitee as a result of the event(s) and/or transaction(s) giving rise to such Proceeding; and (2) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or
transaction(s). 
 Section 10. Severability. Nothing in this Agreement is intended to require or shall be construed as
requiring the Company to do or fail to do any act in violation of applicable law. The Company’s inability, pursuant to court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. The provisions
of this Agreement shall be severable as provided in this Section 10. If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify Indemnitee to
the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in accordance with its terms. 
  

 9 

 Section 11. Exceptions. Any other provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement: 
 (a) Excluded Acts. To
indemnify Indemnitee for any acts or omissions or transactions from which a director, officer, employee or agent may not be relieved of liability under applicable law; or 
 (b) Claims Initiated by Indemnitee. To indemnify or advance Expenses to Indemnitee with respect to any Proceeding initiated or brought voluntarily by Indemnitee and not by way of defense,
except with respect to Proceedings brought to establish or enforce a right to indemnification under this Agreement or any other statute or law or otherwise as required under Section 317 of the California General Corporation Law, but such
indemnification or advancement of Expenses may be provided by the Company in specific cases if the Company’s Board of Directors has approved the initiation or bringing of such Proceeding; or 
 (c) Lack of Good Faith. To indemnify Indemnitee for any Expenses incurred by the Indemnitee with respect to any Proceeding
instituted by Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that the material assertions made by the Indemnitee in such Proceeding were not made in good faith or were frivolous; or 
 (d) Insured Claims. To indemnify Indemnitee for Expenses or Liabilities that have been paid directly to Indemnitee by an insurance
carrier under a policy of directors and officers liability insurance maintained by the Company; or 
 (e) Claims under
Section 16(b). To indemnify Indemnitee for Expenses and the payment of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or any similar successor statute; or

 (f) Claims under Sarbanes-Oxley Act of 2002. To indemnify Indemnitee for any reimbursement of the Company by
Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits realized by Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements
that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, or the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in violation of
Section 306 of the Sarbanes-Oxley Act of 2002). 
  

 10 

 Section 12. Effectiveness of Agreement. This Agreement shall be effective as of
the date set forth on the first page and shall apply to acts or omissions of Indemnitee which occurred prior to such date if Indemnitee was serving in any Corporate Status at the time such act or omission occurred. 
 Section 13. Construction of Certain Phrases.  
 (a) As used in this Agreement: 
 “Change of Control”
means any one of the following circumstances occurring after the date hereof: (i) there shall have occurred an event required to be reported with respect to the Company in response to Item 6(e) of Schedule 14A of Regulation 14A (or in
response to any similar item or any similar schedule or form) under the Exchange Act, regardless of whether the Company is then subject to such reporting requirement; (ii) any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Exchange Act) shall have become, without prior approval of the Company’s Board of Directors by approval of at least a majority of the Continuing Directors, the “beneficial owner” (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 40% or more of the combined voting power of the Company’s then outstanding voting securities (provided that, for purposes of this clause (ii), the
term “person” shall exclude (x) the Company, (y) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, and (z) any corporation owned, directly or indirectly, by the stockholders of
the Company in substantially the same proportions as their ownership of stock of the Company); (iii) there occurs a merger or consolidation of the Company with any other entity, other than a merger or consolidation which would result in the
voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than 51% of the
combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing body of such surviving
entity; (iv) all or substantially all the assets of the Company are sold or disposed of in a transaction or series of related transactions; (v) the approval by the stockholders of the Company of a complete liquidation of the Company; or
(vi) the Continuing Directors cease for any reason to constitute at least a majority of the members of the Company’s Board of Directors. 
 “Continuing Director” means (i) each director on the Company’s Board of Directors on the date hereof or (ii) any new director whose election or nomination for election by the
Company’s stockholders was approved by a vote of at least a majority of the directors then still in office who were directors on the date hereof or whose election or nomination was so approved. 
  

 11 

 “Corporate Status” means the status of a person who is or was a
director, officer, trustee, general partner, managing member, fiduciary, board of directors’ committee member, employee or agent of the Company or of any other Enterprise. 
 “Enterprise” means the Company, any Subsidiary and any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise
of which Indemnitee is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, board of directors’ committee member, employee or agent. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Expenses” means all direct and indirect costs (including without limitation attorneys’ fees, retainers, court
costs, transcripts, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses) reasonably and actually incurred in
connection with (i) prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding or (ii) establishing or enforcing a right to indemnification
under this Agreement, the Company’s Articles of Incorporation or By-Laws, applicable law or otherwise. Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding, including the premium, security
for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. For the avoidance of doubt, however, Expenses shall not include any Liabilities. 
 “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporate law and
neither currently is, nor in the five years prior to its selection or appointment has been, retained to represent (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning
Indemnitee under this Agreement or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term
“Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine
Indemnitee’s rights under this Agreement. 
 “Liabilities” means any losses or liabilities, including
without limitation any judgments, fines, ERISA excise taxes and penalties, penalties and amounts paid in settlement, arising out of or in connection with any Proceeding (including all interest, assessments and other charges paid or payable in
connection with or in respect of any such judgments, fines, ERISA excise taxes and penalties, penalties or amounts paid in settlement). 
  

 12 

 “Proceeding” means any threatened, pending or completed action,
derivative action, suit, claim, counterclaim, cross claim, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether civil (including
intentional and unintentional tort claims), criminal, administrative or investigative, including any appeal therefrom, and whether instituted by or on behalf of the Company or any other party, or any inquiry or investigation that Indemnitee in good
faith believes might lead to the institution of any such action, suit or other proceeding hereinabove listed in which Indemnitee was, is or will be involved as a party, potential party, non-party witness or otherwise by reason of any Corporate
Status of Indemnitee, or by reason of any action taken (or failure to act) by him or her or of any action (or failure to act) on his or her part while serving in any Corporate Status. 
 (b) For purposes of this Agreement: 
 References to “Company” shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger that, if its
separate existence had continued, would have had power and authority to indemnify its directors, officers, employees or agents, so that, if Indemnitee is or was a director, officer, employee or agent of such constituent corporation, or is or was
serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this
Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had continued. 
 References to “Subsidiary” shall include a corporation, company or other entity: 
 (i) 50% or more of whose outstanding shares or securities (representing the right to vote for the election of directors or other managing authority) are, or 
 (ii) that does not have outstanding shares or securities (as may be the case in a partnership, joint venture or
unincorporated association), but 50% or more of whose ownership interest representing the right to make decisions for such other entity is, 
 now or hereafter, owned or controlled, directly or indirectly, by the Company, or one or more Subsidiaries. 
 References to “other enterprises” shall include employee benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan; and references to
“serving at the request of 

  

 13 

 
the Company” shall include any service as a director, officer, employee or agent of the Company that imposes duties on, or involves services by, such
director, officer, employee or agent with respect to an employee benefit plan, its participants, or beneficiaries. 
 Section
14. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall constitute an original. 
 Section 15. Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and Indemnitee’s estate, heirs, legal representatives and assigns.

 Section 16. Notice. All notices, requests, demands and other communications under this Agreement shall be in
writing and shall be deemed duly given (i) if delivered by hand or recognized courier and receipted for by the party addressee, on the date of such receipt, (ii) if mailed by domestic certified or registered mail with postage prepaid, on
the fifth business day after the date postmarked, or (iii) if sent by confirmed facsimile, on the date sent. Notices shall be addressed as follows: 
 (a) if to the Company: 
 Apple Inc. 
 1 Infinite Loop, Mail Stop 301-4GC 
 Cupertino, California 95014 
 Telephone: (408) 974-7800 
 Facsimile: (408) 974-8530 
 Attention: General Counsel; 
 (b) if to Indemnitee, to the address of Indemnitee set forth
under Indemnitee’s signature below; 
 or to such other address or attention of such other person as any party shall advise the other parties in
writing. 
 Section 17. Consent to Jurisdiction; Choice of Venue. The Company and Indemnitee each hereby irrevocably
consents to the jurisdiction of the courts of the State of California and the federal courts within the State for all purposes in connection with any action or proceeding that arises out of or relates to this Agreement and agrees that any action
instituted under this Agreement shall be brought only in the United States District Court for the Northern District of California and any California State court within that District. 
 Section 18. Choice of Law. This Agreement shall be governed by and its provisions construed in accordance with the laws of the
State of California as applied to contracts between California residents entered into and to be performed entirely within California. 
  

 14 

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

			
	 APPLE INC.

		
	 By:
	 	  

		 	Senior Vice President, General Counsel and Secretary

  

			
	 AGREED TO AND ACCEPTED:

	 INDEMNITEE:

	
	  

	 Name:
	 	  

		
	 Address:
	 	

  

 15

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