Document:

EX-10.1

 Exhibit 10.1 
  

 
 CAMPOSOL S.A. 

6.000% SENIOR NOTES DUE 2027 
  

 
 INDENTURE

 Dated as of February 3, 2020 
  

 
 CAMPOSOL
S.A.,                                        
                                         
   as Issuer                     

CSOL HOLDING LTD, 
 as
Parent Guarantor 
 and 

THE BANK OF NEW YORK MELLON, 

as Trustee, Registrar, Paying Agent and Transfer Agent 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		  	ARTICLE I	  			
			
		  	DEFINITIONS	  			
			
	 Section 1.1
	  	Definitions	  	 	1	 
	 Section 1.2
	  	Rules of Construction	  	 	26	 
			
		  	ARTICLE II	  			
			
		  	ISSUE, EXECUTION AND AUTHENTICATION OF NOTES;	  			
		  	RESTRICTIONS ON TRANSFER	  			
			
	 Section 2.1
	  	Creation and Designation	  	 	27	 
	 Section 2.2
	  	Authentication of Notes	  	 	27	 
	 Section 2.3
	  	Delivery and Form of Notes	  	 	27	 
	 Section 2.4
	  	Execution of Notes	  	 	29	 
	 Section 2.5
	  	Certificate of Authentication	  	 	30	 
	 Section 2.6
	  	Restrictions on Transfer	  	 	30	 
	 Section 2.7
	  	Restrictive Legends	  	 	32	 
	 Section 2.8
	  	Issuance of Definitive Notes	  	 	33	 
	 Section 2.9
	  	Persons Deemed Owners	  	 	33	 
	 Section 2.10
	  	Payment of Notes	  	 	33	 
	 Section 2.11
	  	Additional Notes	  	 	34	 
	 Section 2.12
	  	Additional Amounts	  	 	35	 
	 Section 2.13
	  	Mutilated, Destroyed, Lost or Stolen Notes	  	 	37	 
	 Section 2.14
	  	Cancellation	  	 	37	 
	 Section 2.15
	  	Registration of Transfer and Exchange of Notes	  	 	38	 
	 Section 2.16
	  	CUSIP Numbers	  	 	38	 
			
		  	ARTICLE III	  			
			
		  	REDEMPTION OF NOTES	  			
			
	 Section 3.1
	  	Applicability of Article	  	 	39	 
	 Section 3.2
	  	Election to Redeem	  	 	39	 
	 Section 3.3
	  	Optional Redemption	  	 	39	 
	 Section 3.4
	  	Optional Tax Redemption	  	 	40	 
	 Section 3.5
	  	Selection of Notes to be Redeemed	  	 	41	 
	 Section 3.6
	  	Notice of Redemption	  	 	42	 
	 Section 3.7
	  	Notes Payable on Redemption Date	  	 	42	 
	 Section 3.8
	  	Purchased and Redeemed Notes	  	 	43	 

							
			
		  	ARTICLE IV	  			
			
		  	COVENANTS	  			
			
	 Section 4.1
	  	Covenants of the Issuer and the Guarantors	  	 	43	 
	 Section 4.2
	  	Covenant Suspension	  	 	57	 
	 Section 4.3
	  	Consolidation, Merger and Sale of Assets	  	 	58	 
	 Section 4.4
	  	Repurchase of Notes Upon a Change of Control Triggering Event	  	 	59	 
	 Section 4.5
	  	No Payment for Consents	  	 	59	 
			
		  	ARTICLE V	  			
			
		  	DEFAULTS AND REMEDIES	  			
			
	 Section 5.1
	  	Events of Default and Remedies	  	 	59	 
	 Section 5.2
	  	Priorities	  	 	62	 
	 Section 5.3
	  	Undertaking for Costs.	  	 	63	 
			
		  	ARTICLE VI	  			
			
		  	DISCHARGE OF THE INDENTURE; DEFEASANCE	  			
			
	 Section 6.1
	  	Satisfaction and Discharge of Indenture	  	 	63	 
	 Section 6.2
	  	Repayment of Monies	  	 	64	 
	 Section 6.3
	  	Application of Trust Money; Return of Monies Held by the Trustee	  	 	64	 
	 Section 6.4
	  	Defeasance	  	 	65	 
			
		  	ARTICLE VII	  			
			
		  	NOTE GUARANTEES	  			
			
	 Section 7.1
	  	Note Guarantee	  	 	67	 
	 Section 7.2
	  	Note Guarantee Unconditional	  	 	67	 
	 Section 7.3
	  	Release of the Parent Guarantee	  	 	68	 
	 Section 7.4
	  	Waiver by the Guarantors	  	 	68	 
	 Section 7.5
	  	Subrogation and Contribution	  	 	68	 
	 Section 7.6
	  	Execution and Delivery of Note Guarantee	  	 	69	 
	 Section 7.7
	  	Purpose of Note Guarantees	  	 	69	 
	 Section 7.8
	  	Subsidiary Guarantors	  	 	69	 
	 Section 7.9
	  	Release of the Subsidiary Guarantees	  	 	70	 
	 Section 7.10
	  	Information	  	 	70	 
			
		  	ARTICLE VIII	  			
			
		  	THE TRUSTEE	  			
			
	 Section 8.1
	  	Duties of the Trustee; Certain Rights of the Trustee	  	 	71	 
	 Section 8.2
	  	Performance of Trustee’s Duties	  	 	73	 

  
 ii 

							
	 Section 8.3
	  	Resignation and Removal; Appointment of Successor Trustee; Eligibility	  	 	75	 
	 Section 8.4
	  	Acceptance of Appointment by Successor Trustee	  	 	76	 
	 Section 8.5
	  	Trustee Fees and Expenses; Indemnity	  	 	77	 
	 Section 8.6
	  	Documents Furnished to the Holders	  	 	78	 
	 Section 8.7
	  	Merger, Conversion, Consolidation and Succession	  	 	78	 
	 Section 8.8
	  	Money Held in Trust	  	 	79	 
	 Section 8.9
	  	No Action Except under Specified Documents or Instructions	  	 	79	 
	 Section 8.10
	  	Not Acting in its Individual Capacity	  	 	79	 
	 Section 8.11
	  	Maintenance of Agencies	  	 	79	 
	 Section 8.12
	  	Withholding Taxes; Information Reporting	  	 	80	 
	 Section 8.13
	  	Co-Trustees and Separate Trustees	  	 	81	 
			
		  	ARTICLE IX	  			
			
		  	AMENDMENTS, SUPPLEMENTS AND WAIVERS	  			
			
	 Section 9.1
	  	Without Consent of the Holders	  	 	82	 
	 Section 9.2
	  	With Consent of the Holders	  	 	82	 
	 Section 9.3
	  	Effect of Indenture Supplements	  	 	83	 
	 Section 9.4
	  	Documents to be Given to the Trustee	  	 	84	 
	 Section 9.5
	  	Notation on or Exchange of Notes	  	 	84	 
	 Section 9.6
	  	Consents; Meetings of Holders	  	 	84	 
	 Section 9.7
	  	Voting by the Issuer and Any Affiliates Thereof	  	 	85	 
			
		  	ARTICLE X	  			
			
		  	MISCELLANEOUS	  			
			
	 Section 10.1
	  	Payments; Currency Indemnity	  	 	85	 
	 Section 10.2
	  	Governing Law. THIS INDENTURE, THE NOTES AND EACH NOTE GUARANTEE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK	  	 	86	 
	 Section 10.3
	  	No Waiver; Cumulative Remedies	  	 	86	 
	 Section 10.4
	  	Severability	  	 	86	 
	 Section 10.5
	  	Notices	  	 	87	 
	 Section 10.6
	  	Counterparts	  	 	88	 
	 Section 10.7
	  	Entire Agreement	  	 	88	 
	 Section 10.8
	  	Waiver of Jury Trial	  	 	88	 
	 Section 10.9
	  	Submission to Jurisdiction; Waivers; Prescription	  	 	88	 
	 Section 10.10
	  	Certificate and Opinion as to Conditions Precedent	  	 	89	 
	 Section 10.11
	  	Statements Required in Certificate or Opinion	  	 	89	 
	 Section 10.12
	  	Headings and Table of Contents	  	 	90	 
	 Section 10.13
	  	Use of English Language	  	 	90	 
	 Section 10.14
	  	No Recourse Against Others	  	 	90	 
	 Section 10.15
	  	Patriot Act	  	 	90	 

  
 iii 

 INDENTURE, dated as of February 3, 2020, among CAMPOSOL S.A., a
corporation (sociedad anónima) organized under the laws of Peru (the “Issuer”), CSOL HOLDING LTD, a limited company organized under the laws of Cyprus (the “Parent Guarantor”) and THE BANK OF
NEW YORK MELLON, a banking corporation, organized and existing under the laws of the State of New York as trustee (together with its successors hereunder, in such capacity, the “Trustee”), registrar (in such capacity, the
“Registrar”), transfer agent (in such capacity, the “Transfer Agent”) and paying agent (in such capacity, the “Paying Agent”). 

WITNESSETH: 

WHEREAS, pursuant to a resolution of the shareholders of the Issuer adopted on January 9, 2020 the Issuer has duly authorized the
issuance of its 6.000% Senior Notes due 2027 (the “Notes”); and to provide for the issuance thereof the Issuer has duly authorized the execution and delivery of this Indenture; 

WHEREAS, pursuant to a resolution of the Board of Directors of the Parent Guarantor adopted on January 13, 2020, the Parent
Guarantor has duly authorized the guarantee of the Notes; and the obligations of the Issuer under this Indenture and to provide for the guarantee thereof the Parent Guarantor has duly authorized the execution and delivery of this Indenture; 

WHEREAS, the Trustee has accepted the trusts created by this Indenture and in evidence thereof has joined in the execution hereof; and

 NOW, THEREFORE, in consideration of the premises and the purchase of the Notes by the Holders (as defined herein), the parties
listed above covenant and agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders. 
 ARTICLE
I 
 DEFINITIONS 

Section 1.1 Definitions. The following terms, as used herein, shall have the following meanings: 

“Acquired Indebtedness” shall mean Indebtedness of a Person existing at the time such Person becomes a Restricted Subsidiary
or Indebtedness of a Restricted Subsidiary assumed in connection with an Asset Acquisition by such Restricted Subsidiary whether or not Incurred in connection with, or in contemplation of, the Person merging with or into or becoming a Restricted
Subsidiary, provided that Indebtedness of such Person which is redeemed, defeased, retired or otherwise repaid at the time of or promptly upon consummation of such Asset Acquisition or the transactions by which such Person is merged or
consolidated with or into the Parent Guarantor or any Restricted Subsidiary or becomes a Restricted Subsidiary shall not constitute Acquired Indebtedness. 

“Actual Knowledge” shall mean, with respect to any Person, actual knowledge of any officer (or similar agent) of such Person
responsible for the administration of the transactions effected by this Indenture and the Notes or such officer (or similar agent) as shall have been designated by such Person in this Indenture and the Notes to receive written communications in
connection therewith. 

 “Additional Amounts” shall have the meaning specified in
Section 2.12. 
 “Additional Notes” shall have the meaning specified in
Section 2.11. 
 “Adjusted Treasury Rate” shall mean, with respect to any Redemption Date, the
rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for
such Redemption Date. 
 “Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly
controlling, controlled by, or under direct or indirect common control with, such Person. For purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,”
“controlled by” and “under common control with”), as applied to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such
Person, whether through the ownership of voting securities, by contract or otherwise. 
 “Affiliate Transaction” shall have
the meaning specified in Section 4.1(e). 
 “Applicable Law” shall mean, as to any Person, any
law (statutory or common), treaty, rule or regulation or determination of an arbitrator or of a Governmental Authority, in each case applicable to or binding upon such Person or any of its Property or to which such Person or any of its Property is
subject. 
 “Applicable Tax Law” shall have the meaning specified in Section 8.12. 

“Applicable Premium” shall mean with respect to a Note at any Redemption Date, the excess of: 

 

	 	(A)	 the present value at such Redemption Date of (i) the redemption price of such Note at February 3,
2024 multiplied by the principal amount of such Note (such redemption price being set forth in the table appearing in Section 3.3(c)) plus (ii) all required interest payments due on such Note through
February 3, 2024 (excluding accrued and unpaid interest to the Redemption Date), computed using a discount rate equal to the Adjusted Treasury Rate plus 50 basis points; over 

 

	 	(B)	 the principal amount of such Note; 

provided, that the Trustee shall not be responsible for making any calculation with respect to such Applicable Premium. 

“Applicable Procedures” shall have the meaning specified in Section 2.6(b). 

  
 2 

 “Asset Acquisition” shall mean (1) an investment by the Parent
Guarantor or any of its Restricted Subsidiaries in any other Person pursuant to which such Person shall become a Restricted Subsidiary or will be merged into or consolidated with the Parent Guarantor or any of its Restricted Subsidiaries, or
(2) an acquisition by the Parent Guarantor or any of its Restricted Subsidiaries of the property and assets of any Person other than the Parent Guarantor or any of its Restricted Subsidiaries that constitute substantially all of a division or
line of business of such Person. 
 “Asset Disposition” shall mean the sale or other disposition by the Parent Guarantor or
any of its Restricted Subsidiaries (other than to the Parent Guarantor or another Restricted Subsidiary) of (1) all or substantially all of the Capital Stock of any Restricted Subsidiary that constitutes a division of the business of the Parent
Guarantor and its Restricted Subsidiaries, taken as a whole or (2) all or substantially all of the assets that constitute a division or line of business of the Parent Guarantor and its Restricted Subsidiaries, taken as a whole. 

“Asset Sale” shall mean any sale, transfer or other disposition (including by way of merger, consolidation or Sale and
Leaseback Transaction) of any of its property or assets (including Capital Stock of any Subsidiary) in one transaction or a series of related transactions by the Parent Guarantor or any of its Restricted Subsidiaries to any Person (other than the
Parent Guarantor or any Restricted Subsidiary); provided that “Asset Sale” will not include: 
  

	(1)	 sales or other dispositions of inventory, receivables and other assets in the ordinary course of business;

  

	(2)	 sales, transfers or other dispositions of assets constituting a Permitted Investment or Restricted Payment
permitted to be made under 
Section 4.1(b); 

  

	(3)	 any sales, transfers or other dispositions of assets with a Fair Market Value not in excess of
U.S.$2.0 million (or the Dollar Equivalent thereof) in any transaction or series of related transactions; 

  

	(4)	 any sale, transfer, assignment or other disposition of any property, or equipment that has become damaged, worn
out, obsolete or otherwise unsuitable for use in connection with the business of the Parent Guarantor or its Restricted Subsidiaries; 

  

	(5)	 any transfer, assignment or other disposition deemed to occur in connection with creating or granting any
Permitted Lien; 

  

	(6)	 a transaction permitted by Section 4.3; and 

 

	(7)	 a sale, transfer or other disposition to the Parent Guarantor or a Restricted Subsidiary, including the sale or
issuance by the Parent Guarantor or any Restricted Subsidiary of any Capital Stock of any Restricted Subsidiary to the Parent Guarantor or any Restricted Subsidiary. 

“Attributable Indebtedness” shall mean, in respect of a Sale and Leaseback Transaction, the present value, discounted at the
interest rate implicit in the Sale and Leaseback Transaction, of the total obligations of the lessee for rental payments during the remaining term of the lease in the Sale and Leaseback Transaction. 

  
 3 

 “Authentication Order” shall have the meaning specified in
Section 2.2. 
 “Authorized Agent” shall mean the collective reference to the Paying Agent(s),
Registrar, any other co-registrar appointed hereunder, and any Transfer Agent(s). 

“Authorized Officer” shall mean, (1) in the case of the Issuer, the individual(s) (who may include directors of the
Issuer) whose signatures and incumbency shall have been certified by the Issuer in an Officers’ Certificate delivered to the Trustee and who are legally entitled to represent the Issuer; provided in the case of when the Notes are originally
issued, the individual(s) whose signatures and incumbency have been certified in a secretary’s certificate and who are legally entitled to represent the Issuer or (2) in the case of any other Person, the chairman of the board, chief
executive officer, chief financial officer or accounting officer, any vice president or any corporate officer or authorized representative of such Person responsible for the administration of the transactions effected by this Indenture and the
Notes. 
 “Average Life” shall mean, at any date of determination with respect to any Indebtedness, the quotient obtained
by dividing (1) the sum of the products of (a) the number of years from such date of determination to the dates of each successive scheduled principal payment (including, without limitation, any sinking fund requirements) of such
Indebtedness and (b) the amount of such principal payment by (2) the sum of all such principal payments. 
 “Board of
Directors” shall mean, the board of directors elected or appointed by the stockholders of the Parent Guarantor to manage the business of the Parent Guarantor or any committee of such board duly authorized to take the action purported to be
taken by such committee. 
 “Board Resolution” shall mean any resolution of the Board of Directors taking an action which
it is authorized to take and adopted at a meeting duly called and held at which a quorum of disinterested members (if so required) was present and acting throughout or adopted by written resolution executed by every member of the Board of Directors
in accordance with the articles of association of the Parent Guarantor. 
 “Business Day” shall mean any day which is not a
Saturday, Sunday, legal holiday or other day on which banking institutions in The City of New York or in Lima, Peru are authorized by law or governmental regulation to close. 

“Capital Stock” shall mean, with respect to any Person, any and all shares, interests, participations or other equivalents
(however designated, whether voting or non-voting) in equity of such Person, whether outstanding on the Issue Date or issued thereafter, including all Common Stock and Preferred Stock. 

“Capitalized Lease” shall mean, with respect to any Person, any lease of any property (whether real, personal or mixed)
which, in conformity with IFRS, is required to be capitalized on the balance sheet of such Person, except for any lease that would have been considered an operating lease under IFRS as in effect immediately prior to the adoption of IFRS 16 (Leases).

  
 4 

 “Capitalized Lease Obligations” shall mean the discounted present value of
the rental obligations under a Capitalized Lease. 
 “Change of Control” shall mean the occurrence of one or more of the
following events: 
  

	(1)	 the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger,
amalgamation or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Parent Guarantor and its Subsidiaries (including the Issuer) taken as a whole to any “person” (within the meaning
of Section 13(d)(3) of the Exchange Act) or “group” (within the meaning of Rule 13d-5 of the Exchange Act), other than to one or more of the Issuer, any of its Subsidiaries, any one or more
Permitted Holders or a “group” (within the meaning of Rule 13d-5 of the Exchange Act) controlled by one or more Permitted Holders; or 

 

	(2)	 the consummation of any transaction (including, without limitation, any merger, consolidation or amalgamation)
the result of which is that (A) any “person” (within the meaning of Section 13(d)(3) of the Exchange Act) or “group” (within the meaning of Rule 13d-5 of the Exchange Act) (other
than any Permitted Holder or “group” controlled by one or more Permitted Holders) becomes the “beneficial owner” (within the meaning of Rules 13d-3 and
13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding Voting Stock of the Parent Guarantor (or its successor by merger, consolidation or amalgamation), measured by voting
power rather than number of shares, and (B) the Permitted Holders (including any “group” controlled by one or more Permitted Holders) “beneficially own” (within the meaning of Rules
13d-3 and 13d-5 under the Exchange Act), directly and indirectly, in the aggregate a lesser percentage of the outstanding Voting Stock of the Parent Guarantor (or its
successor by merger, consolidation or amalgamation), measured by voting power rather than number of shares, than such other “person” or “group” and do not have the right or ability by voting power, contract or otherwise to elect
or designate for election a majority of the board of directors of the Parent Guarantor (or its successor by merger, consolidation or amalgamation). 

“Change of Control Offer” shall have the meaning specified in Section 4.4(a). 

“Change of Control Triggering Event” shall mean the occurrence of both a Change of Control and a Rating Decline. 

“Clearstream” shall mean Clearstream Banking, société anonyme, and its successors. 

“Closing Date” shall mean February 3, 2020. 

“Code” shall mean the United States Internal Revenue Code of 1986, as amended. 

“Commodity Hedging Agreement” means any spot, forward or option commodity price protection agreements or other similar
agreement or arrangement designed to protect against fluctuations in commodity prices. 

  
 5 

 “Common Stock” shall mean, with respect to any Person, any and all shares,
interests or other participations in, and other equivalents (however designated and whether voting or non-voting) of such Person’s common stock or ordinary shares, whether or not outstanding at the date
of this Indenture, and include, without limitation, all series and classes of such common stock or ordinary shares. 
 “Comparable
Treasury Issue” shall mean the U.S. Treasury security having a maturity comparable to February 3, 2024 that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities with a maturity comparable to February 3, 2024. 
 “Comparable Treasury Price” shall mean,
with respect to any Redemption Date: 
  

	 	(1)	 the average of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) on the third Business Day preceding such Redemption Date, as set forth in the daily statistical release (or any successor release) published by the Federal Reserve Bank of New York and designated “Composite
3:30 p.m. Quotations for U.S. Government Securities;” or 

  

	 	(2)	 if such release (or any successor release) is not published or does not contain such prices on such Business
Day, (a) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (b) if fewer than three such Reference Treasury Dealer
Quotations are available, the average of all such quotations. 

 The Trustee shall not be responsible for making any
calculation with respect to such Comparable Treasury Price. 
 “Consolidated Assets” means with respect to the Parent
Guarantor and its Restricted Subsidiaries, as of any date of determination, the total consolidated assets of the Parent Guarantor and its Restricted Subsidiaries as set forth on the consolidated balance sheet of the Parent Guarantor pursuant to IFRS
as of the most recent fiscal quarter. 
 “Consolidated EBITDA” means sales minus cost of sales minus administrative
expenses minus selling expenses plus depreciation plus amortization of intangibles plus stock options expense, and excluding the effect (positive or negative) of net change in fair value of biological assets. 

“Consolidated Interest Expense” shall mean, for any period, the amount that would be reflected as “Interest
Expense,” net of interest income, on a consolidated income statement prepared in accordance with IFRS for such period of the Parent Guarantor and its Restricted Subsidiaries; provided that interest expense attributable to interest on any
Indebtedness bearing a floating interest rate will be computed on a pro forma basis as if the rate in effect on the date of determination had been the applicable rate for the entire relevant period. The Trustee shall not be responsible for
making any calculation with respect to such Consolidated Interest Expense. 

  
 6 

 “Consolidated Leverage Ratio” shall mean, on any Transaction Date, the
ratio of (i) Consolidated Net Indebtedness to (ii) Consolidated EBITDA for the then most recent four fiscal quarters ending on or prior to the Transaction Date for which consolidated financial statements of the Parent Guarantor (which
Parent Guarantor shall use its reasonable best efforts to compile in a timely manner) are available (the “Four Quarter Period”). 

In making the foregoing calculation: 
  

	 	(A)	 pro forma effect will be given to any Indebtedness, Disqualified Stock or Preferred Stock Incurred,
repaid or redeemed during the period (the “Reference Period”) commencing on and including the first day of the Four Quarter Period and ending on and including the Transaction Date (other than Indebtedness Incurred or repaid under a
revolving credit or similar arrangement (or under any predecessor revolving credit or similar arrangement) in effect on the last day of such Four Quarter Period), in each case as if such Indebtedness, Disqualified Stock or Preferred Stock had been
Incurred, repaid or redeemed on the first day of such Reference Period; provided that, in the event of any such repayment or redemption, Consolidated EBITDA for such period will be calculated as if the Parent Guarantor or such Restricted
Subsidiary had not earned any interest income actually earned during such period in respect of the funds used to repay such Indebtedness; 

  

	 	(B)	 Consolidated Interest Expense attributable to interest on any Indebtedness (whether existing or being Incurred)
computed on a pro forma basis and bearing a floating interest rate will be computed as if the rate in effect on the Transaction Date (taking into account any Interest Rate Agreement applicable to such Indebtedness if such Interest Rate
Agreement has a remaining term in excess of 12 months or, if shorter, at least equal to the remaining term of such Indebtedness) had been the applicable rate for the entire period; 

 

	 	(C)	 pro forma effect will be given to the creation, designation or redesignation of Restricted Subsidiaries
and Unrestricted Subsidiaries during the Reference Period as if such creation, designation or redesignation would have occurred on the first day of the relevant Four Quarter Period; 

 

	 	(D)	 pro forma effect will be given to Asset Dispositions and Asset Acquisitions (including giving pro
forma effect to the application of proceeds of any Asset Disposition) that occur during such Reference Period as if they had occurred and such proceeds had been applied on the first day of such Reference Period; and 

 

	 	(E)	 pro forma effect shall be given to Asset Dispositions and Asset Acquisitions (including giving pro
forma effect to the application of proceeds of any Asset Disposition) that have been made by any Person that has become a Restricted Subsidiary or has been merged with or into the Parent Guarantor or any Restricted Subsidiary during such
Reference Period and that would have constituted Asset Dispositions or Asset Acquisitions had such transactions occurred when such Person was a Restricted Subsidiary as if such Asset Dispositions or Asset Acquisitions were Asset Dispositions or
Asset Acquisitions that occurred on the 

  
 7 

	 	
first day of such Reference Period; provided that to the extent that clause (D) or (E) of this definition requires that pro forma effect be given to an Asset
Acquisition or Asset Disposition, such pro forma calculation will be based upon the four full fiscal quarters immediately preceding the Transaction Date of the Person, or division or line of business of the Person, that is acquired or
disposed for which financial information is available. 

 The Trustee shall not be responsible for making any calculation with
respect to such Consolidated Leverage Ratio. 
 “Consolidated Net Income” shall mean, with respect to any specified Person
for any period, the aggregate of the net income (or loss) of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with IFRS. 

“Consolidated Net Indebtedness” shall mean, the sum of the total principal amount of Indebtedness (or, in the case of
Indebtedness issued at less than its principal amount at maturity, the accreted value thereof) and the total amount of Disqualified Stock outstanding of the Parent Guarantor and its Restricted Subsidiaries on a consolidated basis and determined in
accordance with IFRS on the Transaction Date, less the amount of cash, cash equivalents as determined in accordance with IFRS and Temporary Cash Investments held by the Parent Guarantor and its Restricted Subsidiaries on the Transaction Date. 

“Consolidated Net Tangible Assets” means the Consolidated Assets of the Parent Guarantor and its Restricted Subsidiaries less
goodwill and intangibles, in each case calculated in accordance with IFRS, less current liabilities (other than current maturities of long-term debt); provided that in the event that the Parent Guarantor or any of its Restricted Subsidiaries assumes
liabilities or acquires any assets in connection with the acquisition by the Parent Guarantor or any of its Restricted Subsidiaries of another Person subsequent to the commencement of the period for which the Consolidated Net Tangible Assets is
being calculated but prior to the event for which the calculation of the Consolidated Net Tangible Assets is made, then the Consolidated Net Tangible Assets shall be calculated giving pro forma effect to such assumption of liabilities or acquisition
of assets, as if the same had occurred at the beginning of the applicable period. 
 “Consolidated Net Worth” shall mean,
with respect to a specified Person, at any date of determination, the stockholders’ equity of such Person as set forth on the most recently available quarterly or annual consolidated balance sheet of such Person, each item to be
determined in conformity with IFRS. 
 “Corporate Trust Office” shall mean the office of the Trustee on the Closing Date
located at 240 Greenwich St. Floor 7-E, New York, NY 10286, Attention: Corporate Trust/ Re: Camposol S.A., or such other office as the Trustee may from time to time designate in writing to the Issuer. 

“Covenant Defeasance” shall have the meaning specified in Section 6.4(b).  

“Covenant Suspension Event” shall have the meaning specified in Section 4.2(a). 

  
 8 

 “Currency Agreement” shall mean, any foreign exchange forward contract,
currency swap agreement or other similar agreement or arrangement designed to protect against fluctuations in foreign exchange rates. 

“Cyprus” shall mean the Republic of Cyprus. 

“Default” shall mean any event that is, or after notice or passage of time or both would be, an Event of Default. 

“Definitive Notes” shall have the meaning specified in Section 2.3(a). 

“Disqualified Stock” shall mean any class or series of Capital Stock of any Person that by its terms is (1) required to
be redeemed prior to the Stated Maturity of the Notes, (2) redeemable at the option of the holder of such class or series of Capital Stock at any time prior to the Stated Maturity of the Notes or (3) convertible into or exchangeable for,
at the option of the holder of such class or series of Capital Stock, Capital Stock referred to in clause (1) or (2) above or Indebtedness having a Stated Maturity prior to the Stated Maturity of the Notes; provided that
any Capital Stock that would not constitute Disqualified Stock but for provisions thereof giving holders thereof the right to require such Person to repurchase or redeem such Capital Stock upon the occurrence of an “asset sale” or
“change of control” occurring prior to the Stated Maturity of the Notes will not constitute Disqualified Stock if the “asset sale” or “change of control” provisions applicable to such Capital Stock are no more favorable
to the holders of such Capital Stock than the provisions contained in Section 4.1(g) and Section 4.4 and such Capital Stock specifically provides that such Person will not repurchase or redeem any
such stock pursuant to such provision prior to the Issuer’s repurchase of such Notes as are required to be repurchased pursuant to Section 4.1(k) and Section 4.4. 

“Dollar Equivalent” shall mean, with respect to any monetary amount in a currency other than Dollars, at any time for the
determination thereof, the amount of Dollars obtained by converting such foreign currency involved in such computation into Dollars at the base rate for the purchase of Dollars with the applicable foreign currency as quoted by the Federal Reserve
Bank of New York on the date of determination. 
 “Dollars”, “U.S. dollars” or “U.S.$”
shall mean the lawful currency for the time being in the United States of America. 
 “Downgrade Date” shall have the
meaning specified in Section 4.2(a). 
 “DTC” shall mean The Depository Trust Company, a New York
corporation, and its successors. 
 “DTC Participants” shall have the meaning specified in
Section 2.3(e). 
 “Equity Claw-Back Redemption” shall have the meaning specified in
Section 3.3(b). 

  
 9 

 “Equity Offering” shall mean any underwritten primary public or private
offering of Common Stock of the Parent Guarantor or the Issuer (to a person who is not the Parent Guarantor or a Subsidiary of the Parent Guarantor) after the Issue Date; provided that the aggregate gross cash proceeds received by the Parent
Guarantor or the Issuer, as the case may be, from the primary component of such offering (excluding amounts received from the Parent Guarantor or any Subsidiary of the Parent Guarantor) being not less than U.S.$10.0 million (or the Dollar
Equivalent thereof). 
 “Euroclear” shall mean Euroclear Bank, SA/NV, as operator of the Euroclear System, and its
successors. 
 “Event of Default” shall have the meaning specified in Section 5.1. 

“Excess Proceeds” shall have the meaning specified in Section 4.1(g)(iv). 

“Exchange Act” shall mean the United States Securities Exchange Act of 1934, as amended. 

“Fair Market Value” shall mean the price that would be paid in an
arm’s-length transaction between an informed and willing seller under no compulsion to sell and an informed and willing buyer under no compulsion to buy, as determined in good faith by the Board of
Directors, whose determination shall be conclusive if evidenced by a Board Resolution. 
 “Fitch” shall mean Fitch, Inc.
and its Affiliates, or any successor thereto. 
 “Global Note(s)” shall have the meaning specified in
Section 2.3(d). 
 “Governmental Authority” shall mean any nation or government, any state,
province or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to a government
and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing. 

“Guarantee” shall mean any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any
Indebtedness of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person (1) to purchase or pay (or advance or supply funds for the purchase or payment
of) such Indebtedness of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to
take-or-pay, or to maintain financial statement conditions or otherwise) or (2) entered into for purposes of assuring in any other manner the obligee of such
Indebtedness of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided that the term “guarantee” shall not include endorsements for collection or deposit in the ordinary course
of business. The term “guarantee” used as a verb has a corresponding meaning. 
 “Guaranteed Indebtedness” shall
have the meaning specified in Section 4.1(d). 

  
 10 

 “Guarantors” means each of (i) the Parent Guarantor and (ii) any
Subsidiary Guarantor unless and until such Subsidiary Guarantor is released from its respective Subsidiary Guarantee pursuant to Section 7.9. 

“Hedging Obligations” of any Person shall mean the payment obligations of such Person pursuant to any Commodity Hedging
Agreement, Currency Agreement or Interest Rate Agreement. 
 “Holder” shall mean the Person in whose name a Note is
registered on the Register. 
 “IFRS” means International Financial Reporting Standards, as issued and interpreted by the
International Accounting Standards Board (IASB), as in effect from time to time. All ratios and computations contained or referred to in this Indenture shall be computed in conformity with IFRS applied on a consistent basis. 

“Incur” shall mean with respect to any Indebtedness or Capital Stock, to incur, create, issue, assume, guarantee or otherwise
become liable for or with respect to, or become responsible for, the payment of, contingently or otherwise, such Indebtedness or Capital Stock; provided that (1) any Indebtedness or Capital Stock of a Person existing at the time such
Person becomes a Restricted Subsidiary (or fails to meet the qualifications necessary to remain an Unrestricted Subsidiary) will be deemed to be Incurred by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary, and (2) the
accretion of original issue discount shall not be considered an Incurrence of Indebtedness. The terms “Incurrence,” “Incurred” and “Incurring” have meanings correlative with the foregoing. 

“Indebtedness” shall mean, with respect to any Person at any date of determination (without duplication): 

 

	 	(1)	 all indebtedness of such Person for borrowed money; 

 

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

  

	 	(3)	 all obligations of such Person in respect of letters of credit and bankers’ acceptances;

  

	 	(4)	 all obligations of such Person to pay the deferred and unpaid purchase price of property or services which
purchase price is due more than nine months after the date of placing such property in service or taking delivery and title thereto or such services are completed, except Trade Payables; 

 

	 	(5)	 all Capitalized Lease Obligations; 

 

	 	(6)	 all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such
Indebtedness is assumed by such Person; provided that the amount of such Indebtedness will be the lesser of (A) the Fair Market Value of such asset at such date of determination and (B) the amount of such Indebtedness;

  
 11 

	 	(7)	 all Indebtedness of other Persons to the extent such Indebtedness is guaranteed by such Person; and

  

	 	(8)	 to the extent not otherwise included in this definition, Hedging Obligations. 

The amount of Indebtedness of any Person at any date will be the outstanding balance at such date of all unconditional obligations as described in clauses
(1) through (8) above and, with respect to contingent obligations, the maximum liability upon the occurrence of the contingency giving rise to the obligations; provided 

 

	 	(A)	 that the amount outstanding at any time of any Indebtedness issued with original issue discount is the face
amount of such Indebtedness less the remaining unamortized portion of the original issue discount of such Indebtedness at such time as determined in conformity with IFRS; 

 

	 	(B)	 that money borrowed and set aside at the time of the Incurrence of any Indebtedness in order to prefund the
payment of the interest on such Indebtedness shall not be deemed to be “Indebtedness” so long as such money is held to secure the payment of such interest; and 

 

	 	(C)	 that the amount of Indebtedness with respect to any Hedging Obligation will be equal to the net amount due and
payable if such Hedging Obligation is terminated at that time due to default by such Person. 

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

“Independent Investment Banker” shall mean an independent investment banking institution of international standing appointed
by the Issuer. 
 “Initial Non-Guarantor Subsidiaries” has the meaning specified in
Section 7.8.  
 “Interest Payment Date” has the meaning specified in
Section 2.10(b). 
 “Interest Rate Agreement” shall mean, any interest rate protection agreement,
interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement, option or future contract or other similar agreement or
arrangement designed to protect against fluctuations in interest rates. 
 “Investment” shall mean: 

 

	 	(1)	 any direct or indirect advance, loan or other extension of credit (including a guarantee) to another Person;

  

	 	(2)	 any capital contribution to another Person (by means of any transfer of cash or other property to others or any
payment for property or services for the account or use of others); or 

  
 12 

	 	(3)	 any purchase or acquisition of Capital Stock, Indebtedness, bonds, notes, debentures or other similar
instruments or securities issued by another Person. 

 For the purposes of the provisions of Section 4.1(b) and
4.1(j): (1) the Parent Guarantor will be deemed to have made an Investment in an Unrestricted Subsidiary in an amount equal to the Fair Market Value of the assets (net of liabilities owed to any Person other than the Parent Guarantor or a
Restricted Subsidiary and that are not guaranteed by the Parent Guarantor or a Restricted Subsidiary) of a Restricted Subsidiary that is designated an Unrestricted Subsidiary at the time of such designation, and (2) any property transferred to
or from any Person will be valued at its Fair Market Value at the time of such transfer, as determined in good faith by the Board of Directors. 

“Investment Grade” shall mean a rating of “AAA,” “AA,” “A” or “BBB,” as modified by a
“+” or “–” indication, or an equivalent rating representing one of the four highest Rating Categories, by Fitch or any of its successors or assigns or a rating of “Aaa,” or “Aa,” “A” or
“Baa,” as modified by a “1 ,” “2” or “3” indication, or an equivalent rating representing one of the four highest Rating Categories, by Moody’s, or any of its successors or assigns or the equivalent
ratings of any internationally recognized rating agency or agencies, as the case may be, which will have been designated by the Parent Guarantor as having been substituted for Fitch or Moody’s or both, as the case may be. 

“Issue Date” shall mean the date on which the Notes are originally issued under this Indenture. 

“Issuer” shall have the meaning specified in the Preamble hereto. 

“Issuer Surviving Person” shall have the meaning set forth in Section 4.3(b)(i). 

“Legal Defeasance” shall have the meaning specified in Section 6.4(a). 

“Lien” shall mean any mortgage, pledge, security interest, lien, charge or similar encumbrance. 

“Make-Whole Redemption” shall have the meaning specified in Section 3.3(a). 

“Material Adverse Effect” shall mean a material adverse effect on the business, properties, management, financial position or
results of operations of the Issuer, the Parent Guarantor, and any Subsidiaries taken as a whole or on the performance by the Issuer and the Parent Guarantor of their obligations under the Notes. 

“Maturity Date” shall have the meaning specified in Section 2.10(a). 

“Moody’s” shall mean Moody’s Investors Service, Inc. and its Affiliates, or any successor thereto. 

“Net Cash Proceeds” shall mean, with respect to any Asset Sale, the proceeds of such Asset Sale in the form of cash or
Temporary Cash Investments, including payments in respect of deferred payment obligations (to the extent corresponding to the principal, but not interest, component thereof) when received in the form of cash or Temporary Cash Investments and
proceeds from the conversion of other property received when converted to cash or Temporary Cash Investments, in each case net of: 

  
 13 

	 	(1)	 brokerage commissions and all accounting, legal, investment banking, title and recording tax expenses,
commissions and other fees and expenses related to such Asset Sale; 

  

	 	(2)	 provisions for all taxes (whether or not such taxes will actually be paid or are payable) as a result of such
Asset Sale without regard to the consolidated results of operations of the Parent Guarantor and its Restricted Subsidiaries, taken as a whole; 

  

	 	(3)	 payments made to repay Indebtedness or any other obligation outstanding at the time of such Asset Sale that
either (x) is secured by a Lien on the property or assets sold or (y) is required to be paid as a result of such sale; 

  

	 	(4)	 appropriate amounts to be provided by the Parent Guarantor or any Restricted Subsidiary as a reserve against
any liabilities associated with such Asset Sale, including, without limitation, pension and other post-employment benefit liabilities, liabilities related to environmental matters and liabilities under any indemnification obligations associated with
such Asset Sale, all as determined in conformity with IFRS; and 

  

	 	(5)	 with respect to any issuance or sale of Capital Stock, the proceeds of such issuance or sale in the form of
cash or Temporary Cash Investments, including payments in respect of deferred payment obligations (to the extent corresponding to the principal, but not interest, component thereof) when received in the form of cash or Temporary Cash Investments and
proceeds from the conversion of other property received when converted to cash or Temporary Cash Investments, net of counsel, accountant, underwriter or placement agent fees, discounts or commissions and brokerage, consultant and other fees incurred
in connection with such issuance or sale and net of taxes paid or payable as a result thereof. 

 “Non-Guarantor Subsidiary” shall have the meaning specified in Section 7.8. 

“Notation of Note Guarantee” means a notation of each Guarantor’s Note Guarantee substantially in the form set forth in
Exhibit A. 
 “Note Guarantee” shall mean the Parent Guarantee and any Subsidiary Guarantee. 

“Notes” shall have the meaning specified in the Recitals hereto, including the Note Guarantees, and shall, unless the context
otherwise requires, also include any Additional Notes issued in accordance with Section 2.12. 
 “Offer to
Purchase” shall mean an offer to purchase Notes by the Issuer or the Parent Guarantor from the Holders commenced by the Issuer or the Parent Guarantor giving a notice in the manner provided for in Section 9.6 to
each Holder (with a copy to the Trustee) stating: 

  
 14 

	 	(1)	 the section of this Indenture pursuant to which the offer is being made and that all Notes validly tendered
will be accepted for payment (which, in the case of an Offer to Purchase due to an Asset Sale, shall be on a pro rata basis to the extent an aggregate principal amount of Notes in excess of the Excess Proceeds) are tendered; 

 

	 	(2)	 the purchase price and the date of purchase (which will be a Business Day no earlier than thirty (30) days
nor later than sixty (60) days from the date such notice is given) (the “Offer to Purchase Payment Date”); 

  

	 	(3)	 that any Note not tendered will continue to accrue interest pursuant to its terms; 

 

	 	(4)	 that, unless the Issuer or the Parent Guarantor defaults in the payment of the purchase price, any Note
accepted for payment pursuant to the Offer to Purchase will cease to accrue interest on and after the Offer to Purchase Payment Date; 

  

	 	(5)	 that Holders electing to have a Note purchased pursuant to the Offer to Purchase will be required to surrender
the Note, together with the form entitled “Option of the Holder to Elect Purchase” on the reverse side of the Note completed, in accordance with the procedures of DTC as specified in the notice prior to the close of business on the third
Business Day immediately preceding the Offer to Purchase Payment Date; 

  

	 	(6)	 that Holders will be entitled to withdraw their election if, not later than the close of business on the second
Business Day immediately preceding the Offer to Purchase Payment Date, a notice of withdrawal setting forth the name of such Holder, the principal amount of Notes delivered for purchase and a statement that such Holder is withdrawing his election to
have such Notes purchased is delivered to DTC in accordance with its Applicable Procedures; and 

  

	 	(7)	 that Holders whose Notes are being purchased only in part will be issued Notes equal in principal amount to the
unpurchased portion of the Notes surrendered; provided that each Note purchased and each Note issued will be in a principal amount of U.S.$150,000 and integral multiples of U.S.$1,000 in excess thereof. 

On the Business Day immediately preceding the Offer to Purchase Payment Date, the Issuer or the Parent Guarantor will deposit with the Paying
Agent money sufficient to pay the purchase price of all Notes or portions of Notes accepted for payment. 
 On the Offer to Purchase Payment
Date, the Issuer or the Parent Guarantor will (a)(i) if Notes in an aggregate principal amount less than or equal to the purchase amount are duly tendered and not withdrawn pursuant to the Offer to Purchase, purchase all such Notes, and (ii) if
the Offer to Purchase is for less than all of the outstanding Notes and Notes in an aggregate principal amount in excess of the purchase amount are tendered and not withdrawn pursuant to the Offer to Purchase, purchase Notes having an aggregate
principal amount equal to the purchase amount on a pro rata basis; and (b) deliver, or cause to be delivered, to the Trustee all Notes or portions thereof so accepted together with an Officers’ Certificate specifying the Notes or
portions thereof accepted for payment by the Issuer or the Parent Guarantor. The Paying Agent will promptly deliver to the 

  
 15 

 
Holders so accepted payment in an amount equal to the purchase price, and the Trustee will promptly, upon receipt of an Authentication Order, authenticate and deliver to such Holders (or transfer
via book-entry on the system of DTC) a Note equal in principal amount to any unpurchased portion of the Note surrendered; provided that each Note purchased and each Note issued will be in a principal amount of U.S.$150,000 and integral
multiples of U.S.$1,000 in excess thereof. 
 To the extent that the provisions of any securities laws or regulations conflict with the
requirements of the relevant Offer to Purchase, the Parent Guarantor and the Issuer will comply with the applicable securities laws and regulations and shall not be deemed to have breached their obligations under the Notes, the Note Guarantees and
this Indenture by virtue of their compliance with such securities laws or regulations. 
 “Officers’ Certificate”
shall mean, with respect to any Person, a certificate signed by two duly Authorized Officers of such Person, and delivered to the Trustee. 

“Opinion of Counsel” shall mean a written opinion in a form satisfactory to the Trustee from counsel. The counsel may be
internal counsel of the Parent Guarantor or the Issuer. The Trustee may require an opinion under New York law. 
 “Parent
Guarantee” shall mean the Guarantee of the Issuer’s obligations under the Notes and this Indenture pursuant to the provisions of Article VII hereto, granted by the Parent Guarantor, jointly and severally with all other
Guarantors, in favor of the Trustee and the Holders. 
 “Parent Guarantor” shall have the meaning set forth in the Preamble
hereto. 
 “Parent Guarantor Surviving Person” shall have the meaning set forth in
Section 4.3(b)(i). 
 “Paying Agent” shall have the meaning set forth in the Preamble hereto and
its successors and assigns, and any other Person authorized by the Issuer to make the payments hereunder in respect of the Notes. 

“Permitted Businesses” shall mean any business which is the same as or related, ancillary or complementary to any of the
businesses of the Parent Guarantor or its Restricted Subsidiaries on the Issue Date. 
 “Permitted Holder” shall mean
(a) any “person” (within the meaning of Section 13(d)(3) of the Exchange Act) or “group” (within the meaning of Rule 13d-5 of the Exchange Act), holding beneficially and/or of
record, as of the Issue Date, at least 25% of the Voting Stock of the Parent Guarantor (measured by voting power rather than number of shares) outstanding as of the Issue Date, (b) each of the parents, spouses, brothers, sisters, children and
other family members, descendants, heirs, legatees and successors of such “persons” described in clause (a) above and the respective spouses, descendants, heirs, legatees and successors of each of the foregoing (and any trust
or other entity organized for the benefit of any one or more of the foregoing), (c) the executor, administrator or other personal representative of any “person” described in clause (a) or (b) above who is deceased or
incompetent and (d) any Affiliate of any one or more of the “persons” described in preceding clauses (a), (b) or (c). 

  
 16 

 “Permitted Indebtedness” shall have the meaning specified in
Section 4.1(a)(ii). “Permitted Investment” shall mean: 
  

	 	(1)	 any Investment in the Parent Guarantor or any of its Restricted Subsidiaries or a Person which will, upon the
making of such Investment, become a Restricted Subsidiary to be merged with or into or transfer or convey all or substantially all its assets to, or as a result the financial statements will be consolidated with, the Parent Guarantor or any of its
Restricted Subsidiaries; 

  

	 	(2)	 any investment in Temporary Cash Investments; 

 

	 	(3)	 payroll, travel and similar advances in the ordinary course of business and not in excess of
U.S.$2.0 million (or the Dollar Equivalent thereof) outstanding at any time; 

  

	 	(4)	 any Investment received in compromise, settlement or resolution of (or foreclosure with respect to) (a)
obligations created in the ordinary course of business and owing to the Issuer or any Restricted Subsidiary or in satisfaction of judgments including as a result of the bankruptcy or reorganization of any Person or (b) litigation, arbitration
or other disputes; 

  

	 	(5)	 any Investment existing on the Issue Date and any extension, modification or renewal of any such Investments
(but not any such extension, modification or renewal to the extent it involves additional advances, contributions or other investments of cash or property, other than reasonable expenses incidental to the structuring, negotiation and consummation of
such extension, modification or renewal); 

  

	 	(6)	 any Investment pursuant to a Hedging Obligation permitted to be entered into under
Section 4.1(a); 

  

	 	(7)	 receivables owing to the Parent Guarantor or any Restricted Subsidiary, if created or acquired in the ordinary
course of business; 

  

	 	(8)	 extensions of credit to suppliers and customers in the ordinary course of business in accordance with customary
trade terms in the industry; 

  

	 	(9)	 any securities or other Investments received as consideration in, or retained in connection with, sales or
other dispositions of property or assets, including Asset Sales made in compliance with Section 4.1(g); 

  

	 	(10)	 pledges or deposits (x) with respect to leases or utilities provided to third parties in the ordinary
course of business or (y) otherwise described in the definition of “Permitted Liens” or made in connection with Liens permitted under Section 4.1(f); 

 

	 	(11)	 any Investment to the extent the consideration therefore consists of Capital Stock (other than Disqualified
Stock) of the Parent Guarantor or a Restricted Subsidiary; 

  
 17 

	 	(12)	 Guarantees permitted to be incurred under Section 4.1(a); 

 

	 	(13)	 Investments held by a Person at the time such Person becomes a Restricted Subsidiary of the Parent Guarantor or
is merged with or into the Parent Guarantor or any Restricted Subsidiary and not made in contemplation of such Person becoming a Restricted Subsidiary; 

  

	 	(14)	 Investments in any Person engaged in a Permitted Business the Fair Market Value of which when taken together
with all other Investments made pursuant to this clause (14); do not exceed 10% of the total assets of the Parent Guarantor and its Restricted Subsidiaries, calculated as of the end of the most recent fiscal quarter ending prior to the date
of such Investment; 

  

	 	(15)	 Investments in Camposol Uruguay S.R.L. not to exceed U.S.$25.0 million prior to it being transferred from
Camposol Holding PLC to the Parent Guarantor, as such transfer is contemplated under the Reorganization; and 

  

	 	(16)	 in addition to the Investments permitted in clauses (1)-(15) above, additional Investments which
when taken together with other Investments permitted pursuant to this clause (16), do not exceed U.S.$10.0 million when made. 

“Permitted Liens” shall mean: 
  

	 	(1)	 Liens for taxes, assessments, governmental charges or claims that are being contested in good faith and for
which a reserve or other appropriate provision, if any, to the extent required by IFRS, has been made; 

  

	 	(2)	 statutory and common law Liens of landlords and carriers, warehousemen, mechanics, suppliers, repairmen or
other Liens imposed by law; 

  

	 	(3)	 Liens incurred or deposits made to secure the performance of tenders, bids, leases, statutory or regulatory
obligations, bankers’ acceptances, letters of credit, surety and appeal bonds, government contracts, performance and return-of-money bonds and other
obligations of a similar nature incurred in the ordinary course of business (exclusive of obligations for the payment of borrowed money); 

  

	 	(4)	 leases or subleases granted to others that do not materially interfere with the ordinary course of business of
the Parent Guarantor and its Restricted Subsidiaries, taken as a whole; 

  

	 	(5)	 Liens encumbering property or assets under construction arising from progress or partial payments by a customer
of the Parent Guarantor or its Restricted Subsidiaries relating to such property or assets; 

  

	 	(6)	 Liens securing Indebtedness permitted to be Incurred under clause (ii)(9) of
Section 4.1(a); provided that such Liens do not extend to or cover any property or assets of the Parent Guarantor or any Restricted Subsidiary other than the property or assets acquired; provided further that
such Liens were not created in contemplation of or in connection with the transactions or series of transactions pursuant to which such Person became a Restricted Subsidiary; 

  
 18 

	 	(7)	 Liens in favor of the Parent Guarantor or any Restricted Subsidiary; 

 

	 	(8)	 Liens arising from the rendering of a judgment or order against the Parent Guarantor or any Restricted
Subsidiary that does not give rise to an Event of Default; 

  

	 	(9)	 Liens securing reimbursement obligations with respect to letters of credit that encumber documents and other
property relating to such letters of credit and the products and proceeds thereof; 

  

	 	(10)	 Liens existing on the Issue Date; 

 

	 	(11)	 Liens securing Indebtedness which is Incurred to refinance secured Indebtedness which is permitted to be
Incurred under clause (4) of Section 4.1(a)(ii); provided that such Liens do not extend to or cover any property or assets of the Parent Guarantor or any Restricted Subsidiary other than the property or
assets securing the Indebtedness being refinanced; 

  

	 	(12)	 encumbrances, ground leases, easements or reservations of, or right of others for, licenses, rights of way,
sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions (including minor defects or irregularities in title and similar encumbrances) as to the use of real properties or liens
incidental to the conduct of the business of the Parent Guarantor or any Subsidiary of the Parent Guarantor or to the ownership of its properties which do not individually or in the aggregate materially and adversely affect the value of such
properties or materially impair their use in the operation of the business of the Parent Guarantor or any Subsidiary of the Parent Guarantor; 

  

	 	(13)	 Liens for the purpose of securing the payment of all or a part of the purchase price of, purchase money
obligations or other Indebtedness Incurred to finance the acquisition, lease, improvement or construction of, assets or property acquired, leased, improved or constructed in the ordinary course of business to the extent permitted under
Section 4.1(a); 

  

	 	(14)	 Liens securing Indebtedness under Hedging Obligations permitted to be Incurred under
Section 4.1(a); 

  

	 	(15)	 Liens arising under any retention of title, hire, purchase or conditional sale arrangement or arrangements
having similar effect in respects of goods supplied to the Parent Guarantor or a Restricted Subsidiary in the ordinary course of business; 

  

	 	(16)	 Liens securing Indebtedness which is permitted to be Incurred under clause (12) of
Section 4.1(a)(ii); and 

  
 19 

	 	(17)	 in addition to Liens permitted in clauses (1)-(16) above, Liens securing Indebtedness permitted
to be Incurred under Section 4.1(a) in an aggregate principal amount outstanding not to exceed 10% of the total assets of the Parent Guarantor and its Restricted Subsidiaries, calculated in accordance with IFRS, as of the
end of the most recent fiscal quarter ending prior to the date of such Incurrence. 

 “Permitted Refinancing
Indebtedness” shall have the meaning specified in Section 4.1(a)(ii)(4). 
 “Permitted Subsidiary
Indebtedness” shall mean Indebtedness of Restricted Subsidiaries, other than the Issuer or a Subsidiary Guarantor (but excluding the amount of any Indebtedness of any Restricted Subsidiary permitted under clauses (1),
(3), (4) and (9) and any Guarantees permitted under clause (11) of Section 4.1(a)(ii)); provided that, on the date of the Incurrence of such Indebtedness and after giving effect
thereto and the application of the proceeds thereof, the aggregate principal amount outstanding of all such Indebtedness does not exceed an amount equal to 10% of the total assets of the Parent Guarantor and its Restricted Subsidiaries on a
consolidated basis measured in accordance with IFRS for the most recent quarterly or annual consolidated balance sheet of the Parent Guarantor and its Restricted Subsidiaries are available. 

“Person” any individual, corporation, partnership, limited liability company, joint venture, trust, unincorporated
organization or government or any agency or political subdivision thereof. 
 “Peru” shall mean the Republic of Peru. 

“Peruvian Government Obligations” shall mean securities that are (1) direct obligations of Peru for the payment of which
its full faith and credit is pledged or (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of Peru the payment of which is unconditionally guaranteed as a full faith and credit obligation by Peru,
which, will also include a depository receipt issued by a bank or trust company as custodian with respect to any such Peruvian Government Obligation or a specific payment of interest on or principal of any such Peruvian Government Obligation held by
such custodian for the account of the holder of a depository receipt. 
 “Preferred Stock” shall mean, as applied to the
Capital Stock of any Person, Capital Stock of any class or classes that by its term is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over
shares of Capital Stock of any other class of such Person. 
 “Property” of any Person shall mean, property, rights or
revenues, or interest therein, of such Person. 
 “QIB” shall mean a “qualified institutional buyer” as such term
is defined in Rule 144A. 
 “Rating Agencies” (1) S&P and (2) Moody’s and (3) Fitch. In the event that
S&P, Moody’s or Fitch is no longer in existence or issuing ratings, such organization may be replaced by an internationally recognized statistical rating organization designated by the Parent Guarantor with written notice to the Trustee.

  
 20 

 “Rating Category” shall mean (1) with respect to S&P and Fitch,
any of the following categories: “BB,” “B,” “CCC,” “CC,” “C” and “D” (or equivalent successor categories); (2) with respect to Moody’s, any of the following categories: “Ba,”
“B,” “Caa,” “Ca,” “C” and “D” (or equivalent successor categories); and (3) the equivalent of any such category of S&P, Fitch or Moody’s used by another Rating Agency. In determining
whether the rating of the Notes has decreased by one or more gradations, gradations within Rating Categories (“+” and “–” for S&P and Fitch; “1,” “2” and “3” for Moody’s; or the
equivalent gradations for another Rating Agency) shall be taken into account (e.g., with respect to S&P and Fitch, a decline in a rating from “BB+” to “BB,” as well as from “BB-” to “B+,” will constitute a
decrease of one gradation). 
 “Rating Date” shall mean in connection with a Change of Control Triggering Event, that date
which is ninety (90) days prior to the earlier of (x) a Change of Control and (y) a public notice of the occurrence of a Change of Control or of the intention by the Parent Guarantor or any other Person or Persons to effect a Change
of Control. 
 “Rating Decline” shall mean in connection with a Change of Control Triggering Event, the occurrence, on or
within ninety (90) days after the earlier to occur of public notice of (i) the occurrence of a Change of Control or (ii) the intention by the Parent Guarantor or any other Person or Persons to effect a Change of Control (which period
will be extended for an additional ninety (90) days so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies expressly as a result of the Change of Control Triggering
Event) of any of the events listed below, in each case expressly as a result of such Change of Control: 
  

	 	(a)	 in the event the Notes are rated by both Moody’s and Fitch on the Rating Date as Investment Grade, the
rating of the Notes by either Rating Agency will be changed to below Investment Grade; 

  

	 	(b)	 in the event the Notes are rated by either, but not both, of the Rating Agencies on the Rating Date as
Investment Grade, the rating of the Notes by such Rating Agency will be changed to below Investment Grade; or 

  

	 	(c)	 in the event the Notes are rated below Investment Grade by both Rating Agencies on the Rating Date, the rating
of the Notes by either Rating Agency will be decreased by one or more gradations (including gradations within Rating Categories as well as between Rating Categories). 

“Record Date” shall have the meaning specified in Section 2.10(c).  

“Redemption Date” shall have the meaning specified in Section 3.6. 

“Reference Treasury Dealer” shall mean each of any three investment banks of recognized standing that is a primary U.S.
Government securities dealer in The City of New York, selected by the Parent Guarantor in good faith. 

  
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 “Reference Treasury Dealer Quotations” shall mean, with respect to each
Reference Treasury Dealer and any Redemption Date, the average as determined by the Issuer, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Issuer by such Reference Treasury Dealer at 5:00 p.m. on the third Business Day preceding such Redemption Date. 

“Register” shall have the meaning specified in Section 2.15(a). 

“Registrar” shall have the meaning specified in the Preamble hereto, together with any successors thereto. 

“Regulation S” shall mean Regulation S under the Securities Act. 

“Regulation S Global Note” shall have the meaning specified in Section 2.3(c). 

“Related Business” shall mean any business related, ancillary or complementary to the business of the Issuer and its
Restricted Subsidiaries on the Closing Date. 
 “Relevant Jurisdiction” shall have the meaning specified in
Section 2.12. 
 “Reorganization” means the reorganization under which the Parent Guarantor was
incorporated and certain Subsidiaries of Camposol Holding PLC have been and are subsequently being transferred to the Parent Guarantor. 

“Replacement Assets” shall have the meaning specified in Section 4.1(g)(iii)(2). 

“Responsible Officer” shall mean, with respect to the Trustee, any officer within the corporate trust department of the
Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time
shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of
this Indenture. 
 “Restricted Payments” shall have the meaning specified in Section 4.1(b). 

“Restricted Subsidiary(ies)” shall mean any Subsidiary of the Parent Guarantor other than an Unrestricted Subsidiary. 

“Required Holders” shall mean Holders of greater than 50% in aggregate principal amount of outstanding Notes. 

“Reversion Date” shall have the meaning specified in Section 4.2(b). 

“Rule 144A” shall mean Rule 144A under the Securities Act. 

“Rule 144A Global Note” shall have the meaning specified in Section 2.3(d). 

  
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 “Sale and Lease-Back Transaction” shall mean any direct or indirect
arrangement relating to property (whether real, personal or mixed), now owned or hereafter acquired whereby the Parent Guarantor or any of its Restricted Subsidiaries transfers such property to another Person and the Parent Guarantor or any of its
Restricted Subsidiaries leases it from such Person. No transaction solely between the Parent Guarantor and any of its Wholly Owned Subsidiary Guarantors or between any of the Subsidiary Guarantors Wholly Owned by the Parent Guarantor shall be
considered a Sale and Leaseback Transaction. 
 “SEC” shall mean the United States Securities and Exchange Commission. 

“Securities Act” shall mean the United States Securities Act of 1933, as amended. 

“Senior Indebtedness” of the Parent Guarantor or a Restricted Subsidiary, as the case may be, shall mean any Indebtedness of
the Parent Guarantor or the Restricted Subsidiary, as relevant, whether outstanding on the Issue Date or thereafter created, except for Subordinated Indebtedness; provided that Senior Indebtedness does not include (1) any obligation to
the Parent Guarantor or any Restricted Subsidiary or (2) Indebtedness Incurred in violation of this Indenture. 

“Singapore” shall mean the Republic of Singapore. 

“Stated Maturity” shall mean, with respect to any Indebtedness, the date specified in such debt security as the fixed date on
which the final installment of principal of such Indebtedness is due and payable as set forth in the documentation governing such Indebtedness. 

“Subordinated Indebtedness” Indebtedness of the Issuer, the Parent Guarantor or any Subsidiary Guarantor which is
contractually subordinated or junior in right of payment to the Notes or any Note Guarantee, as applicable, pursuant to a written agreement to such effect. 

“Subsidiary” shall mean, with respect to any Person, any corporation, association or other business entity of which more than
50% of the voting power of the outstanding Voting Stock is owned, directly or indirectly, by such Person and one or more other Subsidiaries of such Person. 

“Subsidiary Guarantor” means any Subsidiary of the Parent Guarantor that executes a supplemental indenture pursuant to which
such Person provides a Subsidiary Guarantee in accordance with Article VII and agrees to be bound by the terms of this Indenture as a Guarantor. As of the Issue Date, there are no Subsidiary Guarantors. 

“Subsidiary Guarantee” shall mean the Guarantee of the Issuer’s obligations under the Notes and this Indenture pursuant
to the provisions of Article VII hereto, granted by a Subsidiary Guarantor, jointly and severally with all other Guarantors, in favor of the Trustee and the Holders. 

“Surviving Person” shall have the meaning specified in Section 3.4(a). “Suspended
Covenants” shall have the meaning specified in Section 4.2(a). “Suspension Period” shall have the meaning specified in Section 4.2(b). 

  
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 “S&P” shall mean Standard & Poor’s Ratings
Services and its Affiliates or any successor thereto. 
 “Temporary Cash Investments” shall mean investments in any of the
following: 
  

	 	(1)	 U.S. Government Obligations or certificates representing an ownership interest in U.S. Government Obligations,
or securities issued directly and fully guaranteed or insured by any member of the European Union, or any agency or instrumentality thereof (provided that the full faith and credit of such member is pledged in support of those securities or
other sovereign debt obligations (other than those of Argentina)) rated “A” or higher or such similar equivalent or higher rating by at least one nationally recognized statistical rating organization as contemplated in Rule 436 under the
Securities Act, in each case with maturities not exceeding one year from the date of acquisition; 

  

	 	(2)	 Peruvian Government Obligations (including those of the Central Reserve Bank of Peru) or certificates
representing an ownership interest in Peruvian Government Obligations (including those of the Central Reserve Bank of Peru) with maturities not exceeding one year from the date of acquisition; 

 

	 	(3)	 (a) demand deposits, (b) time deposits and certificates of deposit with maturities of one year or less
from the date of acquisition, (c) bankers’ acceptance with maturities not exceeding one year from the date of acquisition, and (d) overnight bank deposits, in each case with any bank or trust company organized or licensed under
the laws of (x) Peru or any political subdivision thereof or (y) the United States, any state thereof or member state of the European Union whose short-term debt is rated “investment grade” or higher or such the local equivalent
thereof by at least one recognized statistical rating organization; 

  

	 	(4)	 repurchase obligations with a term of not more than thirty (30) days for underlying securities of the type
described in clauses (1) and (2) above entered into with any financial institution meeting the qualifications specified in clause (3) above; 

 

	 	(5)	 commercial paper rated “A-2” or higher or such similar
equivalent or higher rating by at least one nationally recognized statistical rating organization as contemplated in Rule 436 under the Securities Act and maturing within six months after the date of acquisition; 

 

	 	(6)	 money market funds at least 90% of the assets of which consist of investments of the type described in
clauses (1) through (5) above; and 

  

	 	(7)	 similar investments of comparable credit quality to any of the foregoing, denominated in the currency of any
jurisdiction in which such Person conducts business. 

 “Trade Payables” shall mean, with respect to any
Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors created, assumed or guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition
of goods or services. 

  
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 “Transaction Date” shall mean, with respect to the Incurrence of any
Indebtedness, the date such Indebtedness is to be Incurred and, with respect to any Restricted Payment, the date such Restricted Payment is to be made. 

“Transfer Agent” shall have the meaning specified in the Preamble hereto and its successors and assigns, and any other Person
authorized by the Issuer to act as transfer agent in respect of the Notes. 
 “Trustee” shall have the meaning specified in
the Preamble hereto. 
 “United States” or “U.S.” shall mean the United States of America, its fifty
states and the District of Columbia. 
 “Unrestricted Subsidiary” shall mean (1) any Subsidiary of the Parent
Guarantor that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors in the manner provided in this Indenture; and (2) any Subsidiary of an Unrestricted Subsidiary. 

“U.S. Government Obligations” shall mean securities that are (1) direct obligations of the United States of America for
the payment of which its full faith and credit is pledged or (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed
as a full faith and credit obligation by the United States of America, which, in either case, are not callable or redeemable at the option of the issuer thereof at any time prior to the Stated Maturity of the Notes, and will also include a
depository receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of
the holder of a depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in
respect of the U.S. Government Obligation or the specific payment of interest on or principal of the U.S. Government Obligation evidenced by such depository receipt. 

“USA Patriot Act” shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism (USA PATRIOT) Act of 2001, as amended. 
 “Voting Stock” shall mean, with respect to any Person, Capital
Stock of any class or kind ordinarily having the power to vote for the election of directors, managers or other voting members of the governing body of such Person. 

“Wholly Owned” shall mean, with respect to any Subsidiary of any Person, the ownership, directly or indirectly, of all of the
outstanding Capital Stock of such Subsidiary (other than any director’s qualifying shares or de minimis Investments by particular residents or citizens mandated by applicable law) by such Person or one or more Wholly Owned
Subsidiaries of such Person. 

  
 25 

 Section 1.2 Rules of Construction. (a) The meanings of defined terms
are equally applicable to the singular and plural forms of the defined terms. 
 (b)    The words
“hereof,” “herein,” “hereunder” and similar words refer to this Indenture as a whole and not to any particular provisions of this Indenture and any subsection, Section, Article and Exhibit references are to this
Indenture unless otherwise specified. 
 (c)    The term “documents” includes any and all
documents, instruments, agreements, certificates, indentures, notices and other writings, however evidenced (including electronically). 

(d)    The term “including” is not limiting and (except to the extent specifically provided
otherwise) shall mean “including (without limitation).” 
 (e)    Unless otherwise specified,
in the computation of periods of time from a specified date to a later specified date, the word “from” shall mean “from and including,” the words “to” and “until” each shall mean “to but excluding,”
and the word “through” shall mean “to and including.” 
 (f)    The words
“may” and “might” and similar terms used with respect to the taking of an action by any Person shall reflect that such action is optional and not required to be taken by such Person. 

(g)    Unless otherwise expressly provided herein: (i) references to agreements (including this
Indenture) and other documents shall be deemed to include all subsequent amendments and other modifications thereto, but only to the extent that such amendments and other modifications are not prohibited by this Indenture or the Notes and
(ii) references to any Applicable Law are to be construed as including all statutory and regulatory provisions or rules consolidating, amending, replacing, supplementing, interpreting or implementing such Applicable Law. 

(h)    All monetary amounts expressed in U.S. dollars includes the Dollar Equivalent thereof. 

(i)    For purposes of determining whether any Indebtedness can be incurred or any transaction with
Affiliates or any Investment can be made or undertaken, the Dollar Equivalent of such Indebtedness, transaction or Investment shall be determined on the date incurred, made or undertaken and no subsequent change in the computation of the Dollar
Equivalent thereof shall cause such transaction which may otherwise be incurred, made or undertaken to have been incurred, made or undertaken in violation of this Indenture. 

(j)    The term “will” shall be construed to have the same meaning and effect as the word
“shall.” 
 (k)     The term “or” is not exclusive. 

  
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 ARTICLE II 

ISSUE, EXECUTION AND AUTHENTICATION OF NOTES; 

RESTRICTIONS ON TRANSFER 

Section 2.1    Creation and Designation. (a) There is hereby created a series of Notes to be
issued pursuant to this Indenture and to be known as the “6.000% Senior Notes due 2027”. The Notes shall be issued in fully registered form, without interest coupons, with such applicable legends as set forth in
Section 2.7 and with such omissions, variations and insertions as are permitted by this Indenture. Each Note shall be substantially in the form attached hereto as Exhibit A. The Notes may have such letters, numbers
or other marks of identification and such legends or endorsements printed or typewritten thereon as may be required to comply with any Applicable Law or to conform to general usage. 

(b)    The aggregate principal amount of the Notes that may be authenticated and delivered under this
Indenture is U.S.$350,000,000 plus any Additional Notes issued pursuant to this Indenture as provided in this Article II. An aggregate principal amount of U.S.$350,000,000 Notes shall be issued to the applicable Holders on the Closing Date.

 (c)    If any term or provision contained in the Notes shall conflict with or be inconsistent with any
term or provision contained in this Indenture, then the terms and provisions of this Indenture shall govern with respect to the Notes. 

Section 2.2 Authentication of Notes. Upon the written order of the Issuer directing the Trustee to authenticate and deliver
the Notes (an “Authentication Order”) and delivery by the Issuer of sufficient executed Notes, the Trustee shall duly authenticate and deliver the Notes in authorized denominations in accordance with such Authentication Order. 

Section 2.3 Delivery and Form of Notes. (a)The Notes, upon original issuance, shall be issued in the form of typewritten or
printed Global Notes registered in the name of DTC or its nominee, and (other than DTC or its nominee) no Holder investing in the Notes shall receive a definitive note representing such Holder’s beneficial interest in any Global Notes except to
the extent that definitive, fully registered, non-global Notes (“Definitive Notes”) have been issued in accordance with Section 2.8. Unless and until Definitive Notes
are so issued in exchange for such Global Notes, DTC will make book entry transfers among the DTC Participants and receive and transmit distributions of principal and interest on such Global Notes to the DTC Participants. 

(b)    The Notes will be issued only in fully registered form, without coupons, in denominations of
U.S.$150,000 and integral multiples of U.S.$1,000 in excess thereof. No service charge will be made for any registration of transfer or exchange of Notes, but the Trustee may require payment of a sum sufficient to cover any transfer tax or other
similar governmental charge payable in connection therewith. 
 (c)    Notes sold in reliance on
Regulation S under the Securities Act will initially be represented by one or more permanent global notes in definitive, fully registered form without interest coupons (each, a “Regulation S Global Note”) and will be deposited with
the Trustee as custodian for, and registered in the name of a nominee of, DTC. 

  
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 (d)    Notes sold in reliance on Rule 144A will be
represented by one or more permanent global notes in definitive, fully registered form without interest coupons (each, a “Rule 144A Global Note;” and together with the Regulation S Global Notes, the “Global Notes”)
and will be deposited with the Trustee as custodian for, and registered in the name of a nominee of, DTC. 

(e)    Ownership of beneficial interests in a Global Note will be limited to persons who have accounts with
DTC (“DTC Participants”) or persons who hold interests through DTC Participants. Ownership of beneficial interests in a Global Note will be shown on, and the transfer of that ownership will be effected only through, records
maintained by DTC or its nominee (with respect to interests of DTC Participants) and the records of DTC Participants (with respect to interests of persons other than participants). QIBs may hold their interests in a Rule 144A Global Note directly
through DTC if they are DTC Participants, or indirectly through organizations which are DTC Participants. 

(f)    Investors may hold their interests in a Regulation S Global Note directly through Euroclear or
Clearstream, if they are participants in such systems, or indirectly through organizations that are participants in such system. Euroclear and Clearstream will hold interests in the Regulation S Global Notes on behalf of their participants as DTC
Participants. 
 (g)    So long as DTC, or its nominee, is the registered owner or Holder of a Global
Note, DTC or such nominee, as the case may be, will be considered the sole owner or Holder of the Notes represented by such Global Note for all purposes under this Indenture and the Notes. No beneficial owner of an interest in a Global Note will be
able to transfer that interest except in accordance with the Applicable Procedures, in addition to those provided for under this Indenture and, if applicable, those of Euroclear and Clearstream. 

(h)    Payments of the principal of, and interest on, a Global Note will be made to DTC or its nominee, as
the case may be, as the registered owner thereof. Neither the Issuer, the Parent Guarantor, the Trustee nor any Authorized Agent (nor any of their respective agents) will have any responsibility or liability for any aspect of the records relating to
or payments made on account of beneficial ownership interests in a Global Note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests or with respect to the delivery to any participant, member,
beneficial owner or other Person (other than DTC) of any notice (including any notice of redemption) or the payment of any amount or delivery of any Note under or with respect to such Note. All notices and communications to be given to the Holders
and all payments to be made to Holders in respect of the Notes shall be given or made only to or upon the order of the registered Holders (which shall be DTC or its nominee in the case of a Global Note). The rights of beneficial owners in any Global
Note shall be exercised only through DTC subject to its Applicable Procedures. The Trustee and each Authorized Agent may conclusively rely and shall be fully protected in conclusively relying upon information furnished by DTC with respect to its
members, participants and any beneficial owners. 
 (i)    The Issuer expects that DTC or its nominee,
upon receipt of any payment of principal or interest in respect of a Global Note, will credit DTC Participants’ accounts with payments in amounts proportionate to their respective beneficial interests in the principal 

  
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amount of such Global Note as shown on the records of DTC or its nominee. The Issuer also expects that payments by participants to owners of beneficial interests in such Global Note held through
such participants will be governed by standing instructions and customary practices, as is now the case with securities held for the accounts of customers registered in the names of nominees for such customers. Such payments will be the
responsibility of such participants. 
 (j)    Transfers between DTC Participants will be effected in the
ordinary way in accordance with DTC rules. Transfers between participants in Euroclear and Clearstream will be effected in the ordinary way in accordance with their respective rules and operating procedures. 

(k)    The Issuer expects that DTC will take any action permitted to be taken by a Holder (including the
presentation of Notes for exchange as described below) only at the direction of one or more DTC Participants to whose account the DTC interests in a Global Note is credited and only in respect of such portion of the aggregate principal amount of
Notes as to which such participant or participants has or have given such direction. 
 (l)    Although
DTC, Euroclear and Clearstream are expected to follow the foregoing procedures in order to facilitate transfers of interests in a Global Note among participants of DTC, Euroclear and Clearstream, they are under no obligation to perform or continue
to perform such procedures, and such procedures may be discontinued at any time. None of the Issuer, the Parent Guarantor, any of the Subsidiary Guarantors (if any), the Trustee, any Authorized Agent or any of their respective agents will have any
responsibility or liability for the performance by DTC, Euroclear or Clearstream or their respective participants or indirect participants of their respective obligations under the rules and procedures governing their operations. 

(m)    Upon redemption of any Definitive Note, the Issuer may request certain information from the Holder
to establish the Holder’s tax basis in its Definitive Note in order to calculate the Peruvian capital gains tax withholding obligation the Issuer may have with respect to any capital gain realized by the Holder. Regardless of whether the Holder
provides the requested information, the Issuer will, subject to the exceptions in Section 2.12, be required to pay Additional Amounts with respect to any amounts withheld or deducted to pay Peruvian taxes on such capital
gain. 
 Section 2.4 Execution of Notes. Each Note shall be executed on behalf of the Issuer by one of its Authorized
Officer(s) and an Authorized Officer of each Guarantor shall sign a Notation of Note Guarantee on behalf of such Guarantor. Such signature may be the manual or facsimile signature of such Authorized Officer(s). With the delivery of this Indenture,
each of the Issuer and the Guarantors is furnishing, and from time to time hereafter will (and, at the reasonable request of the Trustee, shall) furnish, an Officers’ Certificate identifying and certifying the incumbency and specimen signatures
of its Authorized Officers. Until the Trustee receives a subsequent Officers’ Certificate updating such list, the Trustee shall be entitled to rely conclusively upon the last such Officers’ Certificate delivered to it for purposes of
determining the Issuer’s or any Guarantor’s Authorized Officers. Typographical and other minor errors or defects in any signature shall not affect the validity or enforceability of any Note that has been duly executed by the Issuer and
authenticated and delivered by the Trustee. 

  
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 In case any Authorized Officer of the Issuer who shall have signed any Note shall cease to
be an Authorized Officer of the Issuer before the Note so signed shall be authenticated and delivered by the Trustee or disposed of by or on behalf of the Issuer, such Note nevertheless may be authenticated and delivered or disposed of as if the
Person who signed such Note on behalf of the Issuer had not ceased to be such Authorized Officer. Any Note signed on behalf of the Issuer by a Person who, as at the actual date of his/her execution of such Note, is an Authorized Officer of the
Issuer, shall be a valid and binding obligation of the Issuer notwithstanding that at the date hereof any such Person is not an Authorized Officer of the Issuer. Any Notation of Note Guarantee signed on behalf of a Guarantor by a Person who, as at
the actual date of his/her execution of such Notation of Note Guarantee, is an Authorized Officer of such Guarantor, shall be a valid and binding obligation of such Guarantor notwithstanding that at the date hereof any such Person is not an
Authorized Officer of such Guarantor. 
 Section 2.5    Certificate of Authentication. The form of
the Trustee’s certificate of authentication to be borne by the Notes shall be substantially as follows: 
 FORM OF TRUSTEE’S
CERTIFICATE OF AUTHENTICATION 
 Dated: 
 This
is one of the Notes referred to in the within-mentioned Indenture. 
  

			
	 THE BANK OF NEW YORK MELLON,

as Trustee

		
	By:	 	
		 	            Authorized Signatory

 Only such Notes as shall bear the Trustee’s certificate of authentication and are executed by the Trustee by manual
signature of one of its authorized signatories following receipt by the Trustee of an Authentication Order directing the Trustee to authenticate the Notes shall be entitled to the benefits of this Indenture or be valid or obligatory for any purpose.
Such certification by the Trustee upon any Note executed by or on behalf of the Issuer shall be conclusive evidence that such Note has been duly authenticated and delivered hereunder. Each Note shall be dated the date of its authentication. 

Section 2.6 Restrictions on Transfer. Notwithstanding any other provisions hereof to the contrary: 

(a)    Except as provided in Section 2.8, a Global Note may not be transferred,
in whole or in part, to any Person other than DTC or a nominee thereof, and no such transfer to any such other Person may be registered (any such transfer being null and void ab initio); provided that this
Section 2.6(a) shall not prohibit any transfer of a beneficial interest in a Global Note effected in accordance with the other provisions of this Section 2.6. Any transfer of a Global Note (or
beneficial interests therein) shall be in the authorized denominations set forth in Section 2.3(b). 

  
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 (b)    If the owner of a beneficial interest in the Rule
144A Global Note wishes at any time to exchange its beneficial interest therein (or any portion thereof) for a beneficial interest in the Regulation S Global Note, or to transfer such beneficial interest (or any portion thereof) to a Person who
wishes to take delivery thereof in the form of a beneficial interest in the Regulation S Global Note, then such exchange or transfer may be effected, subject to the applicable rules and procedures of DTC (the “Applicable
Procedures”) and minimum denomination requirements, only in accordance with this Section 2.6(b). Upon receipt by the Trustee at its Corporate Trust Office of: (i) written instructions given in accordance with
the Applicable Procedures from a DTC Participant directing the Trustee to credit or cause to be credited to a specified DTC Participant’s account a beneficial interest in the Regulation S Global Note in a principal balance equal to that of the
beneficial interest in the Rule 144A Global Note to be so exchanged or transferred, (ii) a written order given in accordance with the Applicable Procedures containing information regarding the account of the DTC Participant to be credited with,
and the account of the DTC Participant to be debited for, such beneficial interest and (iii) a certificate in substantially the form of Exhibit B given by the transferor of such beneficial interest in the Rule 144A Global Note, the
Trustee shall instruct DTC to reduce the balance of the Rule 144A Global Note and to increase the balance of the Regulation S Global Note by the amount of the beneficial interest in the Rule 144A Global Note to be so exchanged or transferred, and to
credit or cause to be credited to the account of the DTC Participant (which may be the DTC Participant for Euroclear or Clearstream or both, as the case may be) for the benefit of such Person specified in such instructions a beneficial interest in
the Regulation S Global Note having a principal balance equal to the amount by which the balance of the Rule 144A Global Note was reduced upon such exchange or transfer. 

(c)    If the owner of a beneficial interest in the Regulation S Global Note wishes at any time to exchange
its beneficial interest therein (or any portion thereof) for a beneficial interest in the Rule 144A Global Note, or to transfer such beneficial interest (or any portion thereof) to a Person who wishes to take delivery thereof in the form of a
beneficial interest in the Rule 144A Global Note, then such exchange or transfer may be effected, subject to the Applicable Procedures and minimum denomination requirement, only in accordance with this Section 2.6(c). Upon
receipt by the Trustee at its Corporate Trust Office of: (i) written instructions given in accordance with the Applicable Procedures from a DTC Participant directing the Trustee to credit or cause to be credited to a specified DTC
Participant’s account a beneficial interest in the Rule 144A Global Note in a principal balance equal to that of the beneficial interest in the Regulation S Global Note to be so exchanged or transferred, (ii) a written order given in
accordance with the Applicable Procedures containing information regarding the account of the DTC Participant (and, if applicable, the Euroclear or Clearstream account, as the case may be) to be debited with, and the account of the DTC Participant
to be credited for, such beneficial interest and (iii) a certificate in substantially the form set forth in Exhibit C given by the transferor of such beneficial interest in the Regulation S Global Note, the Trustee shall instruct DTC to
reduce the balance of the Regulation S Global Note and to increase the balance of the Rule 144A Global Note, by the principal balance of the beneficial interest in the Regulation S Global Note to be so exchanged or transferred, and to credit or
cause to be credited to the account of the DTC Participant for the benefit of such Person 

  
 31 

 
specified in such instructions a beneficial interest in the Rule 144A Global Note having a principal balance equal to the amount by which the balance of the Regulation S Global Note was reduced
upon such exchange or transfer. 
 (d)    If a Global Note or any portion thereof (or beneficial interest
therein) is exchanged for a Definitive Note pursuant to Section 2.8, then such Definitive Note may in turn be exchanged (upon transfer or otherwise) for other Definitive Notes only in accordance with such procedures, which
shall be substantially consistent with the provisions of this Section 2.6 (including any certification requirement intended to ensure that transfers and exchanges of Definitive Notes comply with Rule 144A or Regulation S,
as the case may be) and any Applicable Laws, as may be adopted from time to time by the Issuer and notified to the Trustee in writing. 

(e)    Neither the Issuer nor the Registrar will be required (i) to issue, register the transfer of or
exchange any Note for a period beginning at the opening of business fifteen (15) days before the giving of a notice of redemption or purchase of Notes to be redeemed or purchased pursuant to an Offer to Purchase, as the case may be, and ending
at the close of business on the day such notice is given. 
 Section 2.7 Restrictive Legends. (a) Global Notes shall
bear a Global Note legend and the applicable restrictive legend in substantially the form set forth in Exhibit A hereof. Definitive Notes shall be in substantially the form set forth in Exhibit A hereof excluding the Global Note legend
set forth thereon. 
 (b)    The applicable restrictive legend set forth on Exhibit A may be
removed from a Global Note if there is delivered to the Issuer and the Trustee such evidence satisfactory to the Issuer, which shall include an Opinion of Counsel, as may reasonably be required by the Issuer that neither such legend nor the
restrictions on transfer set forth therein are required to ensure that transfers of such Note (or beneficial interests therein) will not violate the registration requirements of the Securities Act. Upon provision of such evidence satisfactory to the
Issuer, the Trustee, upon receipt of an Authentication Order, shall authenticate and deliver in exchange for such Note a Global Note (or Notes) having an equal aggregate principal balance that does not bear such restrictive legend. 

(c)    If such a restrictive legend required for a Note has been removed as provided in clause
(b) of this Section 2.7 then no other Note issued in exchange for all or any part of such Note shall bear such legend unless the Issuer has reasonable cause to believe that such other Note is a “restricted
security” within the meaning of Rule 144 under the Securities Act and instructs the Trustee to cause the applicable restrictive legend to appear thereon. 

(d)    Neither the Trustee not any Authorized Agent shall have any obligation or duty to monitor, determine
or inquire as to compliance with any restrictions on transfer imposed under this Indenture or Applicable Law with respect to any transfer of any interest in any Note (including any transfers between or among DTC Participants or owners of beneficial
interests in any Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, this Indenture, and to examine the same to determine
material compliance as to form with the express requirements hereof. 

  
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 Section 2.8 Issuance of Definitive Notes. (a) A Global Note shall be
exchangeable for a Definitive Note if (i) (x) DTC notifies the Issuer or the Trustee in writing that it is unwilling or unable to continue as the depository for a Global Note, or (y) that it ceases to be a “clearing agency”
registered under the Exchange Act and in respect to (x) or (y) the Issuer is unable to locate a qualified successor depository within ninety (90) days of such notice or (ii) at any time there shall have occurred and be continuing an
Event of Default with respect to the Notes. In each case, the Trustee shall notify all applicable Holders, through DTC, of the occurrence of any such event and of the availability of Definitive Notes to beneficial owners. Upon the giving of such
notice and the surrender of the Global Notes by DTC, accompanied by registration instructions, the Trustee shall deliver Definitive Notes (which shall be in definitive, fully registered, non-global form
without interest coupons) for the Global Notes. If Definitive Notes are to be issued in accordance with this Section 2.8, then the Issuer shall promptly make available to the Trustee a reasonable supply of Definitive Notes.
Unless counsel to the Issuer determines otherwise in accordance with Applicable Law and the procedures set forth in Section 2.7(b), any such Definitive Notes shall bear the appropriate transfer-restriction legends.

 (b)    Until Definitive Notes are ready for delivery, the Issuer may prepare and, upon receipt of an
Authentication Order, the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Issuer considers appropriate for temporary Notes. Without unreasonable
delay, the Issuer shall prepare and, upon receipt of an Authentication Order, the Trustee shall authenticate Definitive Notes and deliver them in exchange for temporary Notes. Until so exchanged, the Holders of temporary Notes shall have all of the
rights and obligations under this Indenture as Holders of Definitive Notes. 
 Section 2.9 Persons Deemed Owners.
Before due presentation of a Note for registration of transfer, the Trustee and any Authorized Agent or any of their respective agents shall treat the Person in whose name any Note is registered as the owner of such Note for the purpose of
receiving distributions and for all other purposes whatsoever, and neither the Trustee nor any Authorized Agent or other such agent shall be affected by any notice to the contrary. 

Section 2.10 Payment of Notes. (a) The Notes will mature on February 3, 2027 (the “Maturity
Date”), unless earlier redeemed or repurchased pursuant to the terms thereof and this Indenture. 

(b)    The Notes will bear interest at a rate of 6.000% per annum payable semiannually in arrears on
February 3 and August 3 of each year (each, an “Interest Payment Date”), commencing August 3, 2020. Interest on the Notes will accrue from the Issue Date or from the most recent Interest Payment Date to which interest
has been paid or duly provided for. 
 (c)    Interest will be paid to Holders of record at the close of
business on February 1 and August 1 immediately preceding an Interest Payment Date whether or not a Business Day (each, a “Record Date”), notwithstanding any transfer, exchange or cancellation 

  
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thereof after a Record Date and prior to the immediately following Interest Payment Date. In any case in which the date of the payment of principal of, premium, if any, or interest on the Notes
(including any payment to be made on any date fixed for redemption or purchase of any Note) is not a Business Day in the relevant place of payment, then payment of principal, premium, if any, or interest need not be made in such place on such date
but may be made on the next succeeding Business Day in such place. Any payment made on such Business Day will have the same force and effect as if made on the date on which such payment is due, and no interest on the Notes will accrue for the period
after such date. Interest on the Notes will be calculated on the basis of a 360-day year comprised of twelve 30-day months. 

(d)    All payments on the Notes will be made in U.S. dollars. The Issuer agrees to pay the principal of,
premium, if any, or interest on the Notes on the dates and in the manner provided in the Notes and this Indenture. No later than 10:00 a.m. one Business Day prior to each payment date, the Issuer will deposit with the Trustee (or Paying Agent) U.S.
dollars in immediately available funds sufficient to pay such amounts due on such payment date. 

(e)    All payments on Definitive Notes will be made at the office or agency of the Issuer maintained for
that purpose in the Borough of Manhattan, The City of New York (which initially will be the Corporate Trust Office of the Trustee), and the Notes may be presented for registration of transfer or exchange at such office or agency; provided
that, at the option of the Issuer, payment of interest with respect to Definitive Notes may be made by check mailed to the address of the Holders as such address appears in the Register; provided further that payments on the Notes held in
global form will be made to DTC in accordance with its Applicable Procedures. 
 Section 2.11 Additional
Notes.    (a) Subject to the limitations set forth under Section 4.1(a), the Issuer may, from time to time, without notice to or the consent of the Holders, create and issue Additional
Notes having the same terms and conditions as the Notes issued on the Closing Date (including the benefit of the Parent Guarantee and any Subsidiary Guarantees) in all respects (or in all respects except for the issue date, issue price and the first
Interest Payment Date and, to the extent necessary, certain temporary securities law transfer restrictions) (“Additional Notes”); provided that the Issuer shall have delivered to the Trustee (i) an Officers’
Certificate certifying that the issuance of such Additional Notes does not contravene any provision of Section 4.1(a) and any other information the Issuer may determine to include or the Trustee may reasonably request, and
(ii) an Opinion of Counsel (subject to customary qualifications) that (A) the form and terms of such Additional Notes have been established in conformity with the provisions of this Indenture and (B) such Additional Notes, when
authenticated and delivered by the Trustee and issued by the Issuer in the manner and subject to any conditions specified in such Opinion of Counsel, and the Note Guarantees will constitute valid and legally binding obligations of the Issuer and (in
a separate Opinion of Counsel if necessary) the Guarantors, as applicable, enforceable in accordance with their terms, subject to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting the enforcement
of creditors’ rights and to general equity principles. 
 (b)    Additional Notes shall be consolidated and form a
single class with the previously outstanding Notes issued pursuant to this Indenture and vote together as one class on all matters with respect to such Notes; provided that Additional Notes that are not fungible with the previously
outstanding Notes for United States federal income tax purposes shall be issued under a separate CUSIP or other identifier number. 

  
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 Section 2.12 Additional Amounts. All payments of principal of,
premium (if any) and interest on the Notes and all payments under any Note Guarantee will be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature
imposed or levied by or within Peru, any jurisdiction from or through which payment on the notes is made or any jurisdiction in which the Issuer or any applicable Guarantor, or any successor of the Issuer or any applicable Guarantor, wherein any
successor assumes the obligations of the Notes and this Indenture following a merger, consolidation or transfer, lease or conveyance of substantially all of the predecessors assets, is organized or resident for tax purposes (or any political
subdivision or taxing authority thereof or therein) (each, as applicable, a “Relevant Jurisdiction”), unless such withholding or deduction is required by law or by regulation or governmental policy having the force of law. In the
event that any such withholding or deduction is so required, the Issuer or the applicable Guarantor, as the case may be, will make such deduction or withholding, make payment of the amount so withheld to the appropriate Governmental Authority and
will pay such additional amounts (“Additional Amounts”) as will result in receipt by the Holders of such amounts as would have been received by the Holders had no such withholding or deduction been required, except that no
Additional Amounts will be payable: 
 (a)    for or on account of: 

(i)    any tax, duty, assessment or other governmental charge that would not have been imposed but for:

 (1)    the existence of any present or former connection between the Holder or beneficial owner of
such Note or Note Guarantee, as the case may be, and the Relevant Jurisdiction, including, without limitation, such Holder or beneficial owner being or having been a citizen or resident of such Relevant Jurisdiction or treated as a resident thereof
or being or having been physically present or engaged in a trade or business therein or having or having had a permanent establishment therein, other than merely holding such Note or the receipt of payments thereunder or under the Note Guarantee;

 (2)    the presentation of such Note (where presentation is required) more than thirty (30) days
after the later of the date on which the payment of the principal of, premium, if any, or interest on, such Note became due and payable pursuant to the terms thereof or was made or duly provided for, except to the extent that the Holder thereof
would have been entitled to such Additional Amounts if it had presented such Note for payment on any day within such thirty (30) day period; 

(3)    the failure of the Holder or beneficial owner to comply with a timely request of the Issuer or any
Guarantor addressed to the Holder or beneficial owner, as the case may be, to provide information concerning such Holder’s or beneficial owner’s nationality, residence, identity or connection with any Relevant Jurisdiction, if and to the
extent that due and timely compliance with such request under applicable law, regulation or administrative practice or treaty would have reduced or eliminated any withholding or deduction as to which Additional Amounts would have otherwise been
payable to such Holder; or 

  
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 (4)    the presentation of such Note (where
presentation is required) for payment in the Relevant Jurisdiction, unless such Note could not have been presented for payment elsewhere; 

(ii)    any estate, inheritance, gift, sale, transfer, excise or personal property or similar tax,
assessment or other governmental charge; 
 (iii)    any tax, assessment or other governmental charge
that is payable otherwise than by withholding or deduction from payments of principal, premium (if any) or interest on the Notes; 

(iv)    any tax, assessment or other governmental charge required to be withheld by any paying agent from
any payment of principal, premium (if any) or interest on the Note, if such tax, assessment or other governmental charge results from the presentation of such Note for payment (where presentation is required) and the payment can be made without such
withholding or deduction by the presentation of such Note for payment to at least one other Paying Agent; or 

(v)    any combination of taxes, duties, assessments or other governmental charges referred to in the
preceding clauses (i), (ii), (iii), and (iv) of this Section 2.12(a). 

(b)    With respect to any payment of the principal of, or premium, if any, or interest on, such Note or
any payment under any Note Guarantee to a Holder, if the Holder is a fiduciary, partnership or person other than the sole beneficial owner of such payment to the extent that such payment would be required to be included in the income under the laws
of a Relevant Jurisdiction, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, or a member of that partnership or another beneficial owner who would not have been entitled to such Additional Amounts had that beneficiary,
settlor, partner, or beneficial owner been the Holder thereof. 
 (c)    Whenever there is mentioned in
any context the payment of principal of, and any premium or interest on, any Note or under any Note Guarantee, such mention will be deemed to include payment of Additional Amounts provided for in this Indenture to the extent that, in such context,
Additional Amounts are, were or would be payable in respect thereof. 
 (d)    The Issuer intends to
withhold Peruvian taxes from interest payments on the Notes at a rate of 4.99% and to pay Additional Amounts, subject to the conditions of this Section 2.12, with respect thereto for so long as the Notes are held by DTC or
its nominee. 
 (e)    The Issuer will promptly furnish to the Trustee either certified copies of tax
receipts evidencing the payment of any taxes so deducted or withheld pursuant to applicable law by the Issuer, or, if such receipts are not obtainable, other evidence of such payments by the Issuer reasonably satisfactory to the Trustee. 

  
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 (f)    The obligation of the Issuer to pay Additional
Amounts will survive the repayment of the Notes and the sale or transfer of the Notes (or beneficial interests therein) by any investor. 

Section 2.13 Mutilated, Destroyed, Lost or Stolen Notes. (a) In case any Note shall become mutilated, defaced,
destroyed, lost or stolen, the Issuer will execute and the Trustee will, upon receipt of an Authentication Order, authenticate, register and deliver a new Definitive Note of like tenor and equal principal amount registered in the same manner, dated
the date of its authentication and bearing interest from the date to which interest has been paid on such Note, in exchange and substitution for such Note (upon surrender and cancellation thereof in the case of mutilated or defaced Notes) or in lieu
of and in substitution for such Note. In case a Note is destroyed, lost or stolen, the applicant for a substitute Note shall furnish the Issuer and the Trustee (i)    such security or indemnity as may be required by them to save
each of them harmless and (ii)    satisfactory evidence of the destruction, loss or theft of such Note and of the ownership thereof. Upon the issuance of any substituted Note, the Trustee may require the payment by the registered
Holder thereof of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any fees and expenses (including those of the Trustee and its counsel) connected therewith. 

(b)    With respect to mutilated, defaced, destroyed, lost or stolen Definitive Notes, a Holder thereof may
obtain new Definitive Notes from the office of the Registrar. 
 (c)    Notwithstanding any statement
herein, the Issuer and the Trustee reserve the right to impose such transfer, certificate, exchange or other requirements, and to require such restrictive legends on Notes, as the Issuer may determine are necessary to ensure compliance with the
securities laws of the United States and the states therein and any other applicable laws. 
 Section 2.14 Cancellation.
(a) All Notes surrendered for payment, exchange or redemption, or deemed lost or stolen, shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee by such Person and shall be promptly canceled by the Trustee (or,
if lost or stolen and not yet replaced pursuant to Section 2.13, delivered to the applicable Holder). No Note shall be authenticated in lieu of or in exchange for any Note canceled as provided in this Section except as
expressly permitted by this Indenture. All canceled Notes held by the Trustee shall be disposed of or held by it in accordance with its standard retention policy. 

(b)    Any Note(s) (or beneficial interests therein) that are acquired by the Issuer may be canceled upon
the election and written direction of the Issuer to do so; provided, however, that no cancellation may be made between a Record Date and the next Interest Payment Date. In order to effect such cancellation, the Issuer shall send to the
Trustee a written notice that it owns such Note(s) (or beneficial interest(s)) and wishes to have the indicated principal amount thereof cancelled (which ownership the Issuer shall evidence to the satisfaction of the Trustee). Upon receipt of any
such notice and satisfactory evidence, the Issuer hereby instructs the Trustee promptly to cause such principal amount of Notes to be cancelled (including, if applicable, confirming such cancellation with DTC). Upon any such cancellation, the
remaining unpaid principal amount of the Notes shall be reduced to take into effect such cancellation and the calculation of interest (and other calculations under this Indenture) shall take into effect such cancellation. 

  
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 Section 2.15 Registration of Transfer and Exchange of Notes.
(a) The Registrar shall register Notes and transfers and exchanges thereof as provided herein. The Registrar, the Transfer Agent and each transfer agent and co-registrar (if any) appointed with
respect to the Notes shall be referred to collectively as the Transfer Agents. The Registrar shall cause to be kept at the office or agency to be maintained by it in accordance with Section 8.11 a register (the
“Register”) in which, subject to restrictions on transfer set forth herein, and such other reasonable regulations as it may prescribe, the Registrar shall provide for: (i) the registration of the Notes and (ii) the
registration of transfers and exchanges of the Notes as provided herein. The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders received by the Trustee. 

(b)    Upon surrender for registration of transfer of any Note at the Corporate Trust Office or such other
office or agency maintained by the Trustee in accordance with Section 8.11, the Trustee shall, upon receipt of an Authentication Order, authenticate and deliver, in the name of the designated transferee (and, if the
transfer is for less than all of the applicable Note, the transferor), one or more new Note(s) executed by the Issuer in authorized denominations of a like aggregate principal balance and deliver such new Note(s) to the applicable Holder(s). 

(c)    Every Note presented or surrendered for registration of transfer or exchange shall be duly endorsed
or accompanied by a written instrument of transfer in form reasonably satisfactory to the Trustee (or the applicable Transfer Agent) duly executed by the applicable Holder or its attorney duly authorized in writing. 

(d)    No service charge shall be charged to a Holder for any registration of transfer or exchange of
Notes, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

(e)    All Notes surrendered for registration of transfer or exchange shall be canceled and subsequently
destroyed or retained by the Trustee in accordance with its standard retention policy. 
 In addition to the other provisions herein, the
Issuer reserves the right to impose such transfer, certificate, exchange or other requirements, and to require such restrictive legends on a Note, as it may determine are necessary to ensure compliance with the securities laws of the United States
and the states thereof and any other Applicable Laws. 
 Section 2.16 CUSIP Numbers. 

The Issuer in issuing the Notes may use “CUSIP” or “ISIN” or similar numbers (if then generally in use), and, if so, the
Trustee shall use “CUSIP” or “ISIN” or similar numbers in notices of redemption as a convenience to Holders; provided that the Trustee shall have no liability for any defect in the “CUSIP” or “ISIN” or
similar numbers as they appear on any of the Notes, notices or elsewhere, and, provided further that any such notice may state that no representation is made 

  
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as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on
the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Issuer will promptly notify the Trustee in writing of any change in the “CUSIP” or “ISIN” or similar numbers. 

ARTICLE III 
 REDEMPTION
OF NOTES 
 Section 3.1 Applicability of Article. The Notes that are redeemable before the Maturity Date shall
be redeemable in accordance with their terms and in accordance with this Article III. 
 Section 3.2 Election to
Redeem. The election of the Issuer to redeem any Notes shall be authorized by a shareholder’s resolution of the Issuer and evidenced by an Officers’ Certificate delivered to the Trustee at least forty-five (45) days
before the Redemption Date (unless a shorter period shall be agreed to by the Trustee). In the case of any redemption of Notes prior to the expiration of any restriction on such redemption provided in the terms of such Notes or elsewhere in this
Indenture, or pursuant to an election by the Issuer which is subject to a condition specified in the terms of such Notes or elsewhere in this Indenture, the Issuer shall furnish the Trustee with an Officers’ Certificate and an Opinion of
Counsel evidencing compliance with such restriction or condition. 
 Section 3.3 Optional Redemption. (a) At
any time prior to February 3, 2024, the Issuer may at its option redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid
interest, if any, to (but not including) the Redemption Date (a “Make-Whole Redemption”) calculated by the Issuer. The Issuer will give not less than thirty (30) days’ or more than sixty (60) days’ notice to
Holders of any Make-Whole Redemption. 
 (b)    At any time and from time to time prior to
February 3, 2023, the Issuer may redeem up to 40.0% of the aggregate principal amount of the Notes with the Net Cash Proceeds of one or more sales of Common Stock of the Parent Guarantor or the Issuer in an Equity Offering at a redemption price
of 106.000% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to (but not including) the Redemption Date (an “Equity Claw-Back Redemption”); provided that at least 60.0% of the aggregate
principal amount of the Notes originally issued on the Issue Date remains outstanding after each such redemption and any such redemption takes place within sixty (60) days after the closing of the related Equity Offering. The Issuer will give
not less than thirty (30) days’ nor more than sixty (60) days’ notice to the Holders of any Equity Claw-Back Redemption. 

(c)    At any time and from time to time on or after February 3, 2024, the Issuer may redeem the
Notes, in whole or in part, at a redemption price equal to the percentage of principal amount set forth below plus accrued and unpaid interest, if any, to (but not including) the Redemption Date if redeemed during the twelve-month period beginning
on February 3 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2024
	  	 	103.000	% 
	 2025
	  	 	101.500	% 
	 2026 and thereafter
	  	 	100.000	% 

  
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 (d)    The Issuer will give not less than thirty
(30) days’ nor more than sixty (60)days’ notice to the Holders of any redemption pursuant to the preceding clause (c) of this Section 3.3. 

(e)    A Note of U.S.$150,000 in principal amount or less shall not be redeemed in part. If any Note is to
be redeemed in part only, the notice of redemption relating to such Note will state the portion of the principal amount to be redeemed. A Note in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note.
On and after the Redemption Date, interest will cease to accrue on Notes or portions thereof called for redemption and paid in full. In addition, the Issuer must pay accrued and unpaid interest and Additional Amounts, if any, on the Notes redeemed.

 (f)    Notice of redemption to each Holder of Notes shall be given in accordance with the provisions
set out under Section 3.6 not less than thirty (30) days and not more than sixty (60) days prior to the Redemption Date. 

Section 3.4 Optional Tax Redemption. (a) The Notes may be redeemed, at the option of the Issuer, as a whole but
not in part, upon giving not less than thirty (30) days’ nor more than sixty (60) days’ notice to the Holders (which notice will be irrevocable), at a redemption price equal to 100% of the principal amount thereof, together with
accrued and unpaid interest (including any Additional Amounts), if any, to (but not including) the Redemption Date if, as a result of: 

(i)    any change in, or amendment to, the laws (or any regulations or rulings promulgated thereunder) of
a Relevant Jurisdiction affecting taxation; or 
 (ii)    any change in, or amendment to, the official
application or interpretation of such laws, regulations or rulings (including, without limitation, a holding, judgment or order by a court of competent jurisdiction or other Governmental Authority), 

which change or amendment becomes effective (1) with respect to the Issuer or any applicable Guarantor, on or after the Issue Date and (2) with
respect to any successor of the Issuer or any applicable Guarantor, wherein any successor assumes the obligations of the Notes or any Note Guarantee, as the case may be, and this Indenture following a merger, consolidation or transfer, lease or
conveyance of substantially all of the predecessor’s assets (each a “Surviving Person”), on or after the day such Surviving Person becomes a Surviving Person, with respect to any payment due or to become due under the Notes,
this Indenture or any Note Guarantee, and the Issuer or any applicable Guarantor, as the case may be, is, or on the next Interest Payment Date would be, required to pay Additional Amounts with respect to taxes of Peru or Cyprus at a rate in excess
of 30%, and such requirement cannot be avoided by the Issuer or any applicable Guarantor, as the case may be, taking reasonable measures available to it; provided that for the avoidance of doubt 

  
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changing the jurisdiction of the Issuer or any applicable Guarantor is not a reasonable measure for the purposes of this Section 3.4; and provided further that no
such notice of redemption will be given earlier than thirty (30) days prior to the earliest date on which the Issuer or any applicable Guarantor, as the case may be, would be obligated to pay such Additional Amounts if a payment in respect of
the Notes or such Note Guarantee were then due. 
 (b)    Prior to giving any notice of redemption of the
Notes pursuant to the foregoing, the Issuer or any applicable Guarantor, as the case may be, will deliver to the Trustee: 

(i)    an Officers’ Certificate stating that such change or amendment referred to in clause
(a) of this Section 3.4 has occurred, and describing the facts related thereto and stating that such requirement cannot be avoided by the Issuer or any applicable Guarantor, as the case may be, taking reasonable
measures available to it; and 
 (ii)    an Opinion of Counsel or an opinion of a tax consultant, each
of recognized standing with respect to tax matters in the Relevant Jurisdiction, as the case may be, stating that the requirement to pay such Additional Amounts results from such change or amendment referred to in clause (a) of this
Section 3.4. 
 Such certificate and opinion shall constitute sufficient evidence of the satisfaction of the
conditions precedent described above, in which event it will be conclusive and binding on the Holders. The notice of redemption, once delivered to the Holders, will be irrevocable. 

(c)    Any Notes that are redeemed will be cancelled. 

Section 3.5 Selection of Notes to be Redeemed. In the event not all of the Notes are to be redeemed: 

(a)    the Notes will be selected for redemption pro rata, by lot or by such other method as the Trustee in
its sole discretion shall deem to be fair and appropriate, subject to, in the case of Global Notes, the Applicable Procedures of DTC. The Issuer will only redeem Notes in multiples of U.S.$1,000 in original principal amount; provided,
however, that the unredeemed portion of any Note redeemed in part shall be in a principal amount of U.S.$150,000 or an integral multiple of U.S.$1,000 in excess thereof; 

(b)    Notes shall be excluded from eligibility for selection for redemption if they are identified by
registration and certificate number in a written statement signed by an Authorized Officer of the Issuer and delivered to the Trustee at least sixty (60) days prior to the Redemption Date as being owned of record and beneficially by, and not
pledged or hypothecated by any of (i) the Issuer, (ii) the Parent Guarantor, or (iii) a Person specifically identified in such written statement which is an Affiliate of the Issuer or the Parent Guarantor; 

(c)    the Trustee shall promptly notify the Issuer in writing of any Definitive Notes selected for
redemption and, in the case of any Definitive Notes selected for partial redemption, the principal amount thereof to be redeemed; and 

  
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 (d)    for all purposes of this Indenture, unless the
context otherwise requires, all provisions relating to the redemption of Notes shall relate, in the case of any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed.

 Section 3.6 Notice of Redemption. At least thirty (30) days, but, in any case, not more than sixty
(60) days before a date fixed by the Issuer pursuant Section 3.3 or Section 3.4 (a “Redemption Date”), the Issuer will give written notice of redemption to the each Holder
whose Notes are to be redeemed (with a copy to the Trustee and any Paying Agent) in the manner provided for in Section 10.5. All notices of redemption shall identify the Notes to be redeemed and shall state: 

(a)    the Redemption Date; 

(b)    the redemption price; 

(c)    that on the Redemption Date the redemption price will become due and payable upon each such Note to
be redeemed and from and after such date (unless the Issuer shall default in the payment of the redemption price) the Notes shall cease to bear interest; 

(d)    if any Note is being redeemed in part, the portion of the principal amount of such Note to be
redeemed and that, after the Redemption Date upon surrender of such Note, a Note or Notes in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note; 

(e)    the place or places where such Notes are to be surrendered for payment of the redemption price; and

 (f)    CUSIP(s), and, if applicable, ISIN(s), and that no representation is made as to the correctness
or accuracy of the CUSIP and/or ISIN numbers, if any, listed in such notice or printed on the Notes. 
 If the Issuer elects to have the
Trustee give notice of redemption, then the Issuer shall deliver to the Trustee, at least forty-five (45) days before the Redemption Date (unless a shorter period shall be agreed to by the Trustee), a notice requesting that the Trustee give
notice of redemption and providing the form of notice of redemption required by this Section 3.6 and the Trustee shall give the notice in the name of the Issuer and at the Issuer’s expense. 

Section 3.7 Notes Payable on Redemption Date. (a) Notice of redemption having been given as set forth in
Section 3.6, the Notes shall, on the Redemption Date, become due and payable at the redemption price therein specified, and from and after such date (unless the Issuer shall default in the payment of the redemption price)
the Notes shall cease to bear interest. Upon surrender of any Note for redemption in accordance with said notice, such Note shall be paid by the Issuer at the redemption price, together with accrued and unpaid interest to the Redemption Date. 

(b)    If any Note called for redemption shall not be so paid upon surrender thereof for redemption, the
principal thereof (and premium, if any) and accrued and unpaid interest thereon, as applicable, shall, until paid, bear interest from the Redemption Date at the rate prescribed therefor in the Note. 

  
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 Section 3.8 Purchased and Redeemed Notes. (a) A Note does not
cease to be outstanding because a Guarantor or any Affiliate of a Guarantor holds the Note, provided that in determining whether the Holders of the requisite amount of outstanding Notes have given any request, demand, authorization,
direction, notice, consent or waiver under this Indenture, Notes owned by a Guarantor or any Affiliate of a Guarantor shall be disregarded and deemed not to be outstanding, except that, for the purpose of determining whether the Trustee shall be
protected in relying on any such request, demand, authorization, direction, notice, consent or waiver, only Notes which a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Notes so owned that have been pledged
in good faith may be regarded as outstanding if the pledgee establishes that the pledgee’s right to act with respect to such Notes and that the pledgee is not a Guarantor or an Affiliate of a Guarantor. 

(b)    The Parent Guarantor or any Affiliate of the Issuer or Parent Guarantor (including the Issuer) may,
at any time, purchase any Note in the open market, negotiated transactions or otherwise at any price. Any Note so purchased may be surrendered to the Trustee, and if so surrendered shall be cancelled by the Trustee. 

ARTICLE IV 
 COVENANTS

 Section 4.1 Covenants of the Issuer and the Guarantors. The Issuer and each of the Guarantors agree that so long
as any amount payable by it under this Indenture or the Notes remain unpaid, they shall, and shall cause its Restricted Subsidiaries, as applicable, to comply with the following covenants: 

(a)    Limitation on Indebtedness and Disqualified Stock. 

(i)    The Parent Guarantor will not, and will not permit any of its Restricted Subsidiaries to, Incur any
Indebtedness (including Acquired Indebtedness) or Disqualified Stock; provided that the Parent Guarantor, the Issuer and any Subsidiary Guarantor may Incur Indebtedness (including Acquired Indebtedness) if, immediately after giving effect on
a pro forma basis to the Incurrence of such Indebtedness and the receipt and application of the proceeds therefrom, the Consolidated Leverage Ratio of the Parent Guarantor is less than 3.50 to 1.0. 

(ii)    Notwithstanding the foregoing, the Parent Guarantor, the Issuer, any Subsidiary Guarantor and,
solely to the extent expressly provided below, any Non-Guarantor Subsidiary, may Incur each and all of the following (“Permitted Indebtedness”): 

(1)    Indebtedness under the Notes (excluding any Additional Notes) and the Note Guarantees; 

  
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 (2)    Indebtedness of the Parent Guarantor, the
Issuer, any Subsidiary Guarantor or any Non-Guarantor Subsidiary outstanding on the Issue Date excluding short-term indebtedness that would be eligible to be incurred pursuant to
Section 4.1(a)(ii)(12); 
 (3)    Indebtedness of the Parent Guarantor, the Issuer, any
Subsidiary Guarantor or any Non-Guarantor Subsidiary owed to the Parent Guarantor or any Restricted Subsidiary; provided that (i) any event which results in any such Restricted Subsidiary ceasing
to be a Restricted Subsidiary or any subsequent transfer of such Indebtedness (other than to the Parent Guarantor or any Restricted Subsidiary) will be deemed, in each case, to constitute an Incurrence of such Indebtedness not permitted by this
clause (3) and (ii) if the Issuer, the Parent Guarantor or any Subsidiary Guarantor is the obligor on such Indebtedness and the obligee is not the Issuer or a Guarantor, such Indebtedness must expressly be subordinated in right of
payment to the Notes and the Guarantee; 
 (4)    Indebtedness (“Permitted Refinancing
Indebtedness”) issued in exchange for, or the net proceeds of which are used to refinance or refund, then outstanding Indebtedness Incurred under clause (i) or clauses (ii)(1) or (ii)(2) of this
Section 4.1(a) and any refinancings thereof in an amount not to exceed the amount so refinanced or refunded (plus premiums, accrued interest, fees and expenses); provided that (i) Indebtedness the proceeds of
which are used to refinance or refund the Notes or Indebtedness that is pari passu with, or subordinated in right of payment to, the Notes or the Note Guarantees shall only be permitted under this clause (4) if (x) in case the
Notes are refinanced in part or the Indebtedness to be refinanced is pari passu with the Notes or the Note Guarantees, such new Indebtedness, by its terms or by the terms of any agreement or instrument pursuant to which such new Indebtedness
is outstanding, is expressly made pari passu with, or subordinated in right of payment to, the remaining Notes or such Note Guarantees, or (y) in case the Indebtedness to be refinanced is subordinated in right of payment to the Notes or
the Note Guarantees, such new Indebtedness, by its terms or by the terms of any agreement or instrument pursuant to which such new Indebtedness is issued or remains outstanding, is expressly made subordinate in right of payment to the Notes or such
Note Guarantees at least to the extent that the Indebtedness to be refinanced is subordinated to the Notes or such Note Guarantees, (ii) such new Indebtedness, determined as of the date of Incurrence of such new Indebtedness, does not have a
Stated Maturity prior to the Stated Maturity of the Indebtedness to be refinanced or refunded, and the Average Life of such new Indebtedness is at least equal to the remaining Average Life of the Indebtedness to be refinanced or refunded, and
(iii) in no event may Indebtedness of the Issuer or any Guarantor be refinanced pursuant to this clause (4) by means of any Indebtedness of any Restricted Subsidiary (other than the Issuer) that is not a Guarantor; 

(5)    Hedging Obligations arising under Commodity Hedging Agreements, Currency Agreements or Interest
Rate Agreements which, when entered into, were entered into in the ordinary course of business for the purpose of protecting the Parent Guarantor, the Issuer or any Restricted Subsidiary from fluctuations in interest rates, currency exchange rates
or the price of commodities and not for speculation; 

  
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 (6)    Indebtedness in respect of any obligations under
workers’ compensation claims, severance payment obligations, payment obligations in connection with health or other types of social security benefits, unemployment or other insurance or self-insurance obligations, reclamation, statutory
obligations, regulatory or other legal obligations, bankers’ acceptances, promissory notes, performance, surety or similar bonds, appeal or similar bonds, letters of credit or completion or performance guarantees and factoring and other
financing of payables or receivables, or similar obligations in the ordinary course of business; 

(7)    Indebtedness arising from the honoring by a bank or other financial institution of a check, draft
or similar instrument drawn against insufficient funds in the ordinary course of business; provided that such Indebtedness is extinguished within five (5) Business Days of its Incurrence; 

(8)    Indebtedness arising under agreements providing for indemnification, adjustment of purchase price
or similar obligations, in each case Incurred or assumed in connection with the acquisition or disposition of a business, assets or Capital Stock of a Restricted Subsidiary; provided that, in the case of a disposition, the maximum aggregate
liability in respect of such Indebtedness will at no time exceed the gross proceeds actually received by the Parent Guarantor, the Issuer or such Restricted Subsidiary in connection with such disposition; 

(9)    Acquired Indebtedness; provided that immediately after giving effect on a pro forma
basis to the Incurrence of such Indebtedness and the receipt and application of the proceeds therefrom, the Consolidated Leverage Ratio would be not greater than the Consolidated Leverage Ratio determined immediately before such Incurrence and
the consummation of the related acquisition; 
 (10)    Permitted Subsidiary Indebtedness; 

(11)    Guarantees of any Indebtedness permitted to be Incurred under this
Section 4.1(a); and 
 (12)    other Indebtedness Incurred by the Issuer, the
Parent Guarantor or any Subsidiary Guarantor, in an aggregate principal amount, together with any other outstanding Indebtedness Incurred by the Issuer, the Parent Guarantor or any Subsidiary Guarantor since the Issue Date of the Notes, not to
exceed the greater of (a) U.S.$65.0 million (or the Dollar Equivalent thereof) and (b) 10.0% of the Parent Guarantor’s Consolidated Net Tangible Assets at any time outstanding. 

For purposes of determining compliance with this Section 4.1(a), in the event that an item of Indebtedness meets the
criteria of more than one of the types of Indebtedness described in clauses (ii)(1) through (ii)(12) of this Section 4.1(a), including under the provision in clause (i) of this
Section 4.1(a), the Parent Guarantor will be permitted to classify such item of Indebtedness on the date of its incurrence and may, in its sole discretion, divide and classify an item of Indebtedness in one or more of the
types of Indebtedness and may later re-divide or reclassify all or a portion of such item of Indebtedness in any manner that complies with this Section 4.1(a) at

  
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such time. Notwithstanding any other provision of this Section 4.1(a), the maximum amount of Indebtedness that may be Incurred pursuant to this
Section 4.1(a) shall not be deemed to be exceeded as a result solely of fluctuations in exchange rates or currency values after the date of Incurrence of such Indebtedness. It is further understood that for purposes of
determining any particular amount of Indebtedness under clauses (i) and (ii) of this Section 4.1(a), Guarantees of (or obligations with respect to letters of credit supporting) Indebtedness otherwise
included in the determination of such amount shall not also be included. Accrual of interest, accrual of dividends, payment of interest in the form of additional Indebtedness, payment of dividends in the form of shares of Preferred Stock, accretion
or amortization of original issue discount will not be deemed to be an Incurrence of Indebtedness for purposes of this Section 4.1(a). 

(b)    Limitation on Restricted Payments. The Parent Guarantor will not, and will not permit any
Restricted Subsidiary to, directly or indirectly (the payments or any other actions described in clauses (i) through (iv) below being collectively referred to as “Restricted Payments”): 

(i)    declare or pay any dividend or make any distribution on or with respect to the Parent
Guarantor’s or any Restricted Subsidiary’s Capital Stock other than dividends or distributions payable in shares of the Parent Guarantor’s or any Restricted Subsidiary’s Capital Stock (other than Disqualified Stock) or in
options, warrants or other rights to acquire shares of such Capital Stock; 
 (ii)    purchase, redeem,
retire or otherwise acquire for value any shares of Capital Stock of the Parent Guarantor or any Restricted Subsidiary (including options, warrants or other rights to acquire such shares of Capital Stock) held by any Persons other than the Parent
Guarantor, the Issuer or any of its Restricted Subsidiaries; 
 (iii)    make any voluntary or optional
principal payment, or voluntary or optional redemption, repurchase, defeasance, or other acquisition or retirement for value, of Indebtedness that is expressly subordinated in right of payment to the Notes or any Note Guarantee (excluding any
intercompany Indebtedness between or among the Parent Guarantor, the Issuer and any Restricted Subsidiary); or 

(iv)    make any Investment, other than a Permitted Investment; 

if, at the time of, and after giving effect to, the proposed Restricted Payment: 

(1)    a Default has occurred and is continuing or would occur as a result of such Restricted Payment;

 (2)    the Parent Guarantor could not Incur at least U.S.$1.00 of Indebtedness under
Section 4.1(a)(i); or 
 (3)    such Restricted Payment, together with the
aggregate amount of all Restricted Payments declared or made by the Parent Guarantor and its Restricted Subsidiaries after the Issue Date, (excluding Restricted Payments permitted by clauses (B), (C) and (F)) below will exceed
the sum of: 

  
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 (A)    50% of the aggregate amount of the
Consolidated Net Income of the Parent Guarantor (or, if the Consolidated Net Income is a loss, minus 100% of the amount of such loss) accrued on a cumulative basis during the period (taken as one accounting period) beginning on the first day of the
fiscal quarter immediately preceding the Issue Date and ending on the last day of the Parent Guarantor’s most recently ended fiscal quarter for which consolidated financial statements of the Parent Guarantor are available and have been provided
to the Trustee at the time of such Restricted Payment; plus 
 (B)    100% of the aggregate Net
Cash Proceeds received by the Parent Guarantor, the Issuer or any Restricted Subsidiary after the Issue Date as a capital contribution to its common equity by, or from the issuance and sale of its Capital Stock (other than Disqualified Stock) to, a
Person who is not a Subsidiary of the Parent Guarantor, the Issuer or any Restricted Subsidiary, including any such Net Cash Proceeds received upon (x) the conversion of any Indebtedness (other than Subordinated Indebtedness) of the Parent
Guarantor into Capital Stock (other than Disqualified Stock) of the Parent Guarantor, the Issuer or any Restricted Subsidiary, or (y) the exercise by a Person who is not a Subsidiary of the Parent Guarantor of any options, warrants or other
rights to acquire Capital Stock of the Parent Guarantor (other than Disqualified Stock), in each case after deducting the amount of any such Net Cash Proceeds used to redeem, repurchase, defease or otherwise acquire or retire for value any
Subordinated Indebtedness or Capital Stock of the Parent Guarantor, the Issuer or any Restricted Subsidiary; plus 

(C)    an amount equal to the net reduction in Investments (other than reductions in Permitted
Investments) that were made after the Issue Date in any Person resulting from (a) repurchases or redemptions of such Investments by such Person, proceeds realized upon the sale or other disposition and such Investments, releases of Guarantees,
payments of interest on Indebtedness, dividends or repayments of loans or advances by such Person, in each case to the Parent Guarantor or any Restricted Subsidiary (except, in each case, to the extent any such payment or proceeds are included in
the calculation of Consolidated Net Income), or (b) from redesignations of Unrestricted Subsidiaries as Restricted Subsidiaries, not to exceed, in each case, the amount of Investments made by the Parent Guarantor or a Restricted Subsidiary
after the Issue Date in any such Person; plus 
 (D)    the amount by which Indebtedness is
reduced on the consolidated balance sheet of the Parent Guarantor upon the conversion or exchange subsequent to the Issue Date of any Indebtedness of the Parent Guarantor, the Issuer or any Restricted Subsidiary for Capital Stock (other than
Disqualified Stock); plus 
 (E)    U.S.$30.0 million. 

(4)    The foregoing provision will not be violated by reason of: 

  
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 (A)    the payment of any dividend or redemption of any
Capital Stock within sixty (60) days after the related date of declaration or call for redemption if, at said date of declaration or call for redemption, such payment or redemption would comply with clauses (i) through (iv)
of this Section 4.1(b); 
 (B)    the redemption, repurchase, defeasance or
other acquisition or retirement for value of Subordinated Indebtedness of the Parent Guarantor, the Issuer or any of the Restricted Subsidiary with the Net Cash Proceeds of, or in exchange for, a substantially concurrent Incurrence of Permitted
Refinancing Indebtedness; 
 (C)    any Restricted Payment made in exchange for, or out of the Net Cash
Proceeds of, a substantially concurrent capital contribution or sale (other than a capital contribution by or sale to the Parent Guarantor or to a Subsidiary of the Parent Guarantor) of, shares of Capital Stock (other than Disqualified Stock) of the
Parent Guarantor, the Issuer or any of the Restricted Subsidiaries (or options, warrants or other rights to acquire such Capital Stock); provided that the amount of any such Net Cash Proceeds that are utilized for any such Restricted Payment
will be excluded from clause (B) of Section 4.1(b)(iv)(3) above; 

(D)    the payment of any dividends or distributions declared, paid or made by a Restricted Subsidiary
payable, on a pro rata basis or on a basis more favorable to the Parent Guarantor to all holders of any class of Capital Stock of such Restricted Subsidiary; 

(E)    purchases deemed to occur as a result of cashless exercises of stock options or other payments
under employee benefit plans of the Parent Guarantor or any Restricted Subsidiary; and 
 (F)    other
Restricted Payments in an aggregate amount (together with all other Restricted Payments made pursuant to this clause (F) not to exceed U.S.$20.0 million per year and U.S.$40.0 million in the aggregate (or, in each case, the
Dollar Equivalent thereof) since the Issue Date; provided that no Default shall have occurred and be continuing or would occur as a consequence of the relevant payment. 

(5)    The amount of any Restricted Payments (other than cash) will be the Fair Market Value on the date
of the Restricted Payment of the assets or securities proposed to be transferred or issued by the Parent Guarantor or the Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. The value of any assets or securities that are
required to be valued by this covenant will be the Fair Market Value. The Board of Directors’ determination of the Fair Market Value of a Restricted Payment or any such assets or securities must be based upon an opinion or appraisal issued by
an accounting, appraisal or investment banking firm of recognized standing. 

  
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 (c)    Limitation on Dividend and Other Payment
Restrictions Affecting Restricted Subsidiaries. (i) Except as provided below, the Parent Guarantor will not, and will not permit any Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective any encumbrance
or restriction on the ability of any Restricted Subsidiary to: 
 (1)    pay dividends or make any other
distributions on any Capital Stock of such Restricted Subsidiary owned by the Parent Guarantor or any other Restricted Subsidiary; 

(2)    pay any Indebtedness owed to the Parent Guarantor or any other Restricted Subsidiary; 

(3)    make loans or advances to the Parent Guarantor or any other Restricted Subsidiary; or 

(4)    sell, lease or transfer any of its property or assets to the Parent Guarantor or any other
Restricted Subsidiary. 
 (ii)    The provisions of clause (i) of this
Section 4.1(c) do not apply to any encumbrances or restrictions: 

(1)    existing in agreements as in effect on the Issue Date, in the Notes, the Note Guarantees, or this
Indenture, and any extensions, refinancings, supplements, amendments, renewals or replacements of any of the foregoing agreements; provided that the encumbrances and restrictions in any such extension, refinancing, renewal or replacement,
taken as a whole, are no less favorable in any material respect to the Holders than those encumbrances or restrictions that are then in effect and that are being extended, refinanced, supplemented, amended, renewed or replaced; 

(2)    existing under or by reason of applicable law, rule, regulation, license, concession, approval,
decree or order applicable to the relevant Restricted Subsidiary; 
 (3)    resulting from restrictions
on cash or other deposits or other customary requirements imposed by customers or suppliers under contracts entered into in the ordinary course of business; 

(4)    existing with respect to any Person or the property or assets of such Person, or relating to or
existing under any Indebtedness or other obligations acquired or incurred by the Parent Guarantor or any Restricted Subsidiary, at the time of such acquisition and not incurred in contemplation thereof, which encumbrances or restrictions are not
applicable to any Person or the property or assets of any Person other than such Person or the property or assets of such Person so acquired, and any extensions, refinancings, supplements, amendments, renewals or replacements thereof; provided
that the encumbrances and restrictions in any such extension, refinancing, renewal or replacement, taken as a whole, are not materially less favorable to the Holders than those encumbrances or restrictions that are then in effect and that are
being extended, refinanced, supplemented, amended, renewed or replaced; 

  
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 (5)    that (x) otherwise would be prohibited by
the provision described in clause (i)(4) of this Section 4.1(c) if they arise or are agreed to in the ordinary course of business, (y) (i) restrict in a customary manner the subletting, assignment or other
transfer of any property or asset that is subject to a lease or license, (ii) exist by virtue of any Indebtedness, Lien, agreement to transfer, option or similar right with respect to any property or assets of the Parent Guarantor or any
Restricted Subsidiary not otherwise prohibited by this Indenture or (iii) do not relate to any Indebtedness, or (z) do not, individually or in the aggregate, detract from the value of property or assets of the Parent Guarantor or any
Restricted Subsidiary in any manner material to the Parent Guarantor and its Restricted Subsidiaries taken as a whole; 

(6)    contained in any agreement pursuant to which Indebtedness not otherwise prohibited by this
Indenture was Incurred; provided that the encumbrance or restriction applies only in the event of a default with respect to a covenant contained in such Indebtedness; or 

(7)    imposed pursuant to an agreement that has been entered into for a sale or disposition that is
permitted by Section 4.1(g). 
 (d)    Limitation on Issuances of Guarantees
by Restricted Subsidiaries (i) The Parent Guarantor will not permit any Restricted Subsidiary (other than the Issuer) which is not a Subsidiary Guarantor, directly or indirectly, to Guarantee any Indebtedness (“Guaranteed
Indebtedness”) of the Parent Guarantor or any other Restricted Subsidiary, unless: 

(1)    (a) such Restricted Subsidiary, simultaneously executes and delivers a supplemental indenture to
this Indenture providing for an unsubordinated Subsidiary Guarantee by such Restricted Subsidiary and (b) such Restricted Subsidiary waives and will not in any manner whatsoever claim or take the benefit or advantage of, any rights of
reimbursement, indemnity or subrogation or any other rights against the Parent Guarantor or any other Restricted Subsidiary as a result of any payment by such Restricted Subsidiary under its Subsidiary Guarantee until the Notes have been paid in
full; or 
 (2)    such Guarantee and such Guaranteed Indebtedness are permitted by clauses
(2), (3) or (10) of Section 4.1(a)(ii). Under this Indenture, and any supplemental indenture, as applicable, each Subsidiary Guarantee will be limited in an amount not to exceed the maximum amount
that can be guaranteed by the applicable Subsidiary Guarantor without rendering the Subsidiary Guarantee, as it relates to such Subsidiary Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar
laws affecting the rights of creditors generally. 
 (ii)    If the Guaranteed Indebtedness
(1) ranks pari passu in right of payment with the Notes or any Subsidiary Guarantee, then the Guarantee of such Guaranteed Indebtedness shall rank pari passu in right of payment with, or subordinated to, such Subsidiary Guarantee
or (2) is subordinated in right of payment to the Notes or any Subsidiary Guarantee, then the Guarantee of such Guaranteed Indebtedness shall be subordinated in right of payment to such Subsidiary Guarantee at least to the extent that the
Guaranteed Indebtedness is subordinated to the Notes or any Subsidiary Guarantee. 

  
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 (iii)    Any supplemental indenture providing for a
Subsidiary Guarantee of any Subsidiary Guarantor pursuant to clause (i) of this Section 4.1(d) may provide that it shall automatically terminate upon the sale, exchange or transfer of all Capital Stock of the
relevant Subsidiary Guarantor held by the Parent Guarantor or any Restricted Subsidiary, or all or substantially all the assets of such Subsidiary Guarantor, to a Person or Persons other than the Parent Guarantor or any Restricted Subsidiary. Any
supplemental indenture providing for a Subsidiary Guarantee of any Subsidiary Guarantor pursuant to clause (i) of this Section 4.1(d) may further provide that it shall automatically terminate upon termination of
any and all obligations of such Subsidiary Guarantor under the Guarantee of the relevant Guaranteed Indebtedness. 

(e)    Limitation on Transactions with Affiliates. The Parent Guarantor will not, and will not
permit any Restricted Subsidiary to, directly or indirectly, enter into, renew or extend any transaction or arrangement (including, without limitation, the purchase, sale, lease or exchange of property or assets, or the rendering of any service)
with any Affiliate of the Parent Guarantor or any Restricted Subsidiary (each an “Affiliate Transaction”), unless: 

(i)    the Affiliate Transaction is on terms that are not materially less favorable to the Parent Guarantor
or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Parent Guarantor or the relevant Restricted Subsidiary with a Person that is not an Affiliate of the Parent Guarantor or such
Restricted Subsidiary; and 
 (ii)    the Parent Guarantor delivers to the Trustee: 

(1)    with respect to any Affiliate Transaction or series of related Affiliate Transactions involving
aggregate consideration in excess of U.S.$15.0 million (or the Dollar Equivalent thereof), a Board Resolution or an approval by the audit committee of the Parent Guarantor set forth in an Officers’ Certificate certifying that such
Affiliate Transaction complies with this covenant and such Affiliate Transaction has been approved by a majority of the disinterested members of the Board of Directors, or by a majority of the members of the audit committee, as applicable; and 

(2)    with respect to any Affiliate Transaction or series of related Affiliate Transactions involving
aggregate consideration in excess of U.S.$30.0 million (or the Dollar Equivalent thereof), in addition to the Board Resolution required in clause (1) of this Section 4.1(e)(ii), an opinion as to the
fairness to the Parent Guarantor or such Restricted Subsidiary of such Affiliate Transaction from a financial point of view issued by an internationally recognized accounting, appraisal or investment banking firm; provided that the Parent
Guarantor will not be required to obtain the fairness opinion set forth in this Section 4.1(e)(ii)(2) while at least 25% of the equity securities of the Parent Guarantor at such time is registered with the SEC and listed on
the New York Stock Exchange or on the NASDAQ, directly or in the form of American Depositary Receipts. 

  
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 The foregoing limitation does not limit, and will not apply to: 

(i)    the payment of reasonable fees, compensation, benefits or indemnity to officers, employees and
directors of the Parent Guarantor or any of its Restricted Subsidiaries; 
 (ii)    transactions between
or among the Parent Guarantor, the Issuer and any Restricted Subsidiary or between or among Restricted Subsidiaries; 

(iii)    any Restricted Payment permitted by Section 4.1(b); 

(iv)    transactions with customers, clients, suppliers, distributors, generators, transporters or
purchasers or sellers of goods or services, in each case in the ordinary course of business; 

(v)    loans and advances to officers, directors and employees of the Parent Guarantor or any Subsidiary in
the ordinary course of business in an aggregate principal amount not exceeding U.S.$2.0 million at any time; and 

(vi)    any issuance of securities, or other payments, awards or grants in cash, securities or otherwise
pursuant to, or the funding of, employment agreements and other compensation arrangements, options to purchase Capital Stock, restricted stock plans, long-term incentive plans, stock appreciation rights plans, participation plans or similar employee
benefits plans and/or indemnity provided on behalf of officers, directors and employees of the Parent Guarantor or any of its subsidiaries approved by the Board of Directors in an aggregate amount not to exceed U.S.$1.5 million (or the Dollar
Equivalent thereof) during any fiscal year, calculated at the time of such award or grant and without giving effect to subsequent changes in value. 

(f)    Limitation on Liens. The Parent Guarantor will not, and will not permit any of its
Restricted Subsidiaries to, directly or indirectly incur, assume or permit to exist any Lien of any nature whatsoever on any of its assets or properties of any kind, whether owned at the Issue Date or thereafter acquired securing any Indebtedness,
except Permitted Liens, unless the Notes or the Note Guarantees are equally and ratably secured by (or, if the obligation so secured is subordinated in right of payment to the Notes or the Note Guarantees, prior to) such Lien for so long as such
Indebtedness is so secured. 
 (g)    Limitation on Sale of Assets. The Parent Guarantor
will not, and will not permit any Restricted Subsidiary to, consummate any Asset Sale, unless: 

(i)    the consideration received by the Parent Guarantor or such Restricted Subsidiary, as the case may
be, is at least equal to the Fair Market Value of the assets sold or disposed of; 
 (ii)    at least 75%
of the consideration received consists of cash or Temporary Cash Investments. For purposes of this provision, each of the following will be deemed to be cash: 

  
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 (1)    any liabilities, as shown on the Parent
Guarantor’s most recent consolidated balance sheet, of the Parent Guarantor or any Restricted Subsidiary that are assumed by the transferee of any such assets pursuant to a customary assumption, assignment, novation or similar agreement that
releases the Parent Guarantor or such Restricted Subsidiary from further liability; 
 (2)    any
securities, notes or other obligations received by the Parent Guarantor or any Restricted Subsidiary from such transferee that are to be converted by the Parent Guarantor or such Restricted Subsidiary into cash within three hundred sixty
(360) days of closing; and 
 (3)    the Fair Market Value of (i) any assets or rights
(including a present or future interest in raw materials) received by the Parent Guarantor or any Restricted Subsidiary to be used by it in a Permitted Business, (ii) Capital Stock in a Person that is a Restricted Subsidiary or in a Person
engaged in a Related Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Person by the Parent Guarantor or any Restricted Subsidiary or (iii) a combination of (i) and (ii). 

(iii)    Within three hundred sixty (360) days after the receipt of any Net Cash Proceeds from an
Asset Sale, the Parent Guarantor (or the applicable Restricted Subsidiary, as the case may be) may apply such Net Cash Proceeds to: 

(1)    permanently repay Senior Indebtedness of the Parent Guarantor or a Subsidiary Guarantor or any
Indebtedness of a Restricted Subsidiary that is not a Subsidiary Guarantor (and, if such Senior Indebtedness repaid is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto) in each case owing to a Person other
than the Parent Guarantor or a Restricted Subsidiary; and/or 
 (2)    acquire properties or other
assets that replace the properties and assets that were the subject of such Asset Sale or other properties or assets that will be used or useful in a Permitted Business (“Replacement Assets”). 

(iv)    Any Net Cash Proceeds from Asset Sales that are not applied or invested (or irrevocably committed
to be invested) as provided in clauses (iii)(1) and (2) of this Section 4.1(g) will constitute “Excess Proceeds.” Excess Proceeds of less than U.S.$15.0 million (or the Dollar
Equivalent thereof) will be carried forward and accumulated. When accumulated Excess Proceeds exceed U.S.$15.0 million (or the Dollar Equivalent thereof), within thirty (30) days thereof, the Issuer must make an Offer to Purchase the Notes
having a principal amount equal to: 
 (1)    accumulated Excess Proceeds, multiplied by; 

(2)    a fraction (x) the numerator of which is equal to the outstanding principal amount of the
Notes and (y) the denominator of which is equal to the outstanding principal amount of the Notes and all pari passu Indebtedness similarly required to be repaid, redeemed or tendered for in connection with the Asset Sale, rounded down to
the nearest U.S.$1,000. 

  
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 (v)    The offer price in any Offer to Purchase pursuant
to this Section 4.1(g) will be equal to 100% of the principal amount plus accrued and unpaid interest, if any, to (but not including) the Offer to Purchase Payment Date, and will be payable in cash. 

(vi)    If any Excess Proceeds remain after consummation of an Offer to Purchase, the Parent Guarantor may
use those Excess Proceeds for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount of Notes (and any other pari passu Indebtedness) tendered in such Offer to Purchase exceeds the amount of Excess Proceeds,
the Issuer shall allocate the Excess Proceeds among the Notes and such other pari passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate principal amount of tendered Notes and pari passu Indebtedness. Upon
completion of each Offer to Purchase pursuant to this Section 4.1(g), the amount of Excess Proceeds will be reset at zero. 

(vii)    The Issuer will comply, to the extent applicable, with the requirements of Section 14(e) of
the Exchange Act and any other applicable securities laws or regulations in connection with the Offer to Purchase Notes pursuant to this Section 4.1(g). To the extent that the provisions of any applicable securities laws or
regulations conflict with provisions of this Section 4.1(g), the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this
Section 4.1(g) by virtue thereof. 
 (h)    Limitation on Business
Activities. The Parent Guarantor and its Restricted Subsidiaries, taken as a whole, will continue to be primarily engaged in Permitted Businesses; provided that the Parent Guarantor or any Restricted Subsidiary may own Capital Stock of an
Unrestricted Subsidiary or joint venture or other entity that is engaged in a business other than Permitted Businesses as long as any Investment therein was not prohibited when made by Section 4.1(b). 

(i)    Maintenance of Insurance. The Parent Guarantor will cause all properties used or
useful in the conduct of its business or the business of any of its Restricted Subsidiaries to be maintained and kept in good condition, repair and working order as in the judgment of the Parent Guarantor may be necessary so that the business of the
Parent Guarantor and its Restricted Subsidiaries may be properly conducted at all times except to the extent the failure to do so would not have a material adverse effect on the business and results of operations of the Parent Guarantor and its
Restricted Subsidiaries taken as a whole; provided that nothing in this Section 4.1(i) prevents the Parent Guarantor or any Restricted Subsidiary from discontinuing the use, operation or maintenance of any of such
properties or disposing of any of them, if such discontinuance or disposal is, in the judgment of the Parent Guarantor, desirable in the conduct of the business of the Parent Guarantor or any of its Restricted Subsidiaries. The Parent Guarantor
will, and will cause its Restricted Subsidiaries to, maintain property and casualty insurance or self-insurance with respect to its material operating assets against such risks and in such amounts as in the judgment of the Parent Guarantor is
reasonable and appropriate for similarly-situated businesses. 
 (j)    Designation of
Restricted and Unrestricted Subsidiaries. The Board of Directors may designate any Restricted Subsidiary to be an Unrestricted Subsidiary; provided 

  
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that (i) such designation would not cause a Default and (ii) one of the following: (a) the Subsidiary to be so designated has total assets of U.S.$1,000 or less or (b) if such
Subsidiary has total assets greater than U.S.$1,000, the Issuer would be permitted under Section 4.1(b) to make a Restricted Payment in the amount equal to the aggregate Fair Market Value of all Investments by the Parent
Guarantor, the Issuer or any Restricted Subsidiary in such Subsidiary. The Board of Directors may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that (i) such designation will not cause or result in a
Default; 
 (ii)    any Indebtedness of such Unrestricted Subsidiary outstanding at the time of such designation which
will be deemed to have been Incurred by such newly-designated Restricted Subsidiary as a result of such designation would be permitted to be Incurred by Section 4.1(a); 

(iii)    any Lien on the property of such Unrestricted Subsidiary at the time of such designation which will be deemed to
have been incurred by such newly-designated Restricted Subsidiary as a result of such designation would be permitted to be incurred by Section 4.1(f); and 

(iv)    such Unrestricted Subsidiary is not a Subsidiary of another Unrestricted Subsidiary (that is not concurrently being
designated as a Restricted Subsidiary). 
 (k)    Government Approvals and Licenses; Compliance
with Law. The Parent Guarantor will, and will cause each Restricted Subsidiary to, (i) obtain and maintain in full force and effect all governmental approvals, authorizations, consents, permits, concessions and licenses as are necessary to
engage in the Permitted Businesses; provided that nothing in this Section 4.1(k) prevents the Parent Guarantor or any Restricted Subsidiary from discontinuing any approvals, authorizations, consents, permits,
concessions or licenses if such discontinuance is, in the judgment of the Parent Guarantor, desirable in the conduct of the business of the Parent Guarantor or any of its Restricted Subsidiaries and (ii) comply with all laws, regulations,
orders, judgments and decrees of any governmental body, except in each case to the extent that failure so to obtain, maintain and comply would not have a material adverse effect on the business and results of operations of the Parent Guarantor and
its Restricted Subsidiaries taken as a whole. 
 (l)    Provision of Financial Statements and
Reports. (i) So long as any of the Notes remain outstanding, the Parent Guarantor will make available in the English language on its website, and will also file with the Trustee: 

(1)    within one hundred and twenty (120) calendar days after the end of the fiscal year of the
Parent Guarantor, copies of its consolidated financial statements in respect of such fiscal year (including a statement of income, balance sheet and cash flow statement) audited by a member firm of an internationally-recognized firm of independent
accountants; and 
 (2)    within sixty (60) calendar days after the end of each of the first three
fiscal quarters of the Parent Guarantor, copies of its unaudited financial statements (on a consolidated basis), including a statement of income, balance sheet and cash flow statement, prepared on a basis consistent with the audited financial
statements of the Parent Guarantor. 
 (ii)    So long as any of the Notes remain outstanding, the Parent
Guarantor will provide to the Trustee concurrently with the delivery of consolidated 

  
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financial statements pursuant to clause (i)(1) above, an Officers’ Certificate stating (A) the Consolidated Leverage Ratio with respect to the four most recent fiscal quarters
and showing in reasonable detail the calculation made in respect thereof, including the arithmetic computations of each component of the Consolidated Leverage Ratio and (B) that no Event of Default has occurred and is continuing, or, if an
Event of Default has occurred and is continuing, specifying each such Event of Default and the nature and status thereof. 

(iii)    The Parent Guarantor agrees to notify the Trustee in writing of any Event of Default that has
occurred and is continuing in respect of the performance of any material covenants or agreements under this Indenture within thirty (30) days of the occurrence of such Event of Default specifying the nature and status thereof. 

(iv)    The Issuer and the Parent Guarantor hereby agree that, for as long as any Notes are
“restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, during any period in which the Issuer or the Parent Guarantor is neither subject to Section 13 or 15(d) of the Exchange Act, nor exempt from
reporting pursuant to Rule 12g3-2(b) thereunder, the Issuer or the Parent Guarantor, as the case may be, shall supply to (A) any Holder or beneficial owner of a Note or (B) a prospective purchaser of
a Note or a beneficial interest therein designated by such Holder or beneficial owner, the information specified in, and meeting the requirements of Rule 144A(d)(4) under the Securities Act upon the request of any Holder or beneficial owner of a
Note. 
 (v)    The Trustee shall not be obligated to monitor or confirm, on a continuing basis or
otherwise, the Issuer’s or any other Person’s compliance with the covenants described in this Indenture or to verify that the reports described in this Section 4.1(l) are being provided on the aforementioned
website. Delivery of such reports, information and documents to the Trustee (other than the notification described in clause (iii)) above is for informational purposes only and the Trustee’s receipt of such shall not constitute actual or
constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s or any other Person’s compliance with any of its covenants hereunder (as to which the Trustee is entitled
to rely exclusively on Officers’ Certificates). 
 (m)    Maintenance of Books and
Records. The Issuer will maintain books, accounts and other records in accordance, in all material respects, with IFRS. 

(n)    Singapore Listing. (i) The Issuer will use its reasonable efforts to obtain and
maintain listing of the Notes on the Singapore Stock Exchange; provided that if or as a result of such listing the Issuer is required in the future to publish financial statements according to accounting standards or principals that are different
from those it applies, or otherwise subject to requirements that the Issuer determines in good faith are unduly burdensome, the Issuer may delist the Notes. 

(ii)    Upon any issuance of Definitive Notes, the Issuer will appoint and maintain a Paying Agent in
Singapore. The Issuer will maintain such agency so long as the Notes are listed on the Singapore Stock Exchange and the rules of such exchange so require. In 

  
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such event, an announcement shall be made through the Singapore Stock Exchange and will include all material information with respect to the delivery of the definitive notes, including details of
the Paying Agent in Singapore. Upon any change in an Authorized Agent in Singapore, the Issuer will publish a notice in a leading daily newspaper of general circulation on Singapore, which is expected to be The Business Times, Singapore Edition. By
“daily newspaper” the Issuer means a newspaper that is published on each day, other than a Saturday, Sunday or holiday, in Singapore. 

Section 4.2 Covenant Suspension. (a) During any period of time that (i) the Notes have Investment Grade
ratings from two Rating Agencies and (ii) no payment default or Event of Default has occurred and is continuing (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred
to as a “Covenant Suspension Event”), the Issuer, the Parent Guarantor and its Restricted Subsidiaries will not be subject to Sections 4.1(a), (b), (c), (d), (e), (g), (h) and (i)
(collectively, the “Suspended Covenants”) of this Indenture: 
 (b)    In the event that
the Issuer, the Parent Guarantor and its Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of the foregoing, and on any subsequent date (the “Downgrade Date”) one of the Rating
Agencies withdraws its Investment Grade rating or downgrades its rating assigned to the Notes below an Investment Grade rating and as a result the Notes have an Investment Grade rating from fewer than two Rating Agencies for a period lasting more
than ninety (90) days after the Downgrade Date (such 90th day, the “Reversion Date”), then the Issuer, Parent Guarantor and its Restricted Subsidiaries will from the Reversion Date again be subject to the Suspended Covenants.
The period of time between the Suspension Date and the Reversion Date is referred to as the “Suspension Period.” Notwithstanding that the Suspended Covenants may be reinstated, no Default or Event of Default will be deemed to have
occurred as a result of a failure to comply with the Suspended Covenants during the Suspension Period (or upon termination of the Suspension Period or after that time based solely on events that occurred during the Suspension Period). During the
Suspension Period, the Issuer will not be entitled to make any designation of Restricted and Unrestricted Securities. 

(c)    On the Reversion Date, all Indebtedness incurred during the Suspension Period will be classified to
have been incurred pursuant to Section 4.1(a) (to the extent such Indebtedness would be permitted to be incurred thereunder as of the Reversion Date and after giving effect to Indebtedness incurred prior to the Suspension
Period and outstanding on the Reversion Date). To the extent such Indebtedness would not be so permitted to be incurred pursuant to Section 4.1(a) such Indebtedness will be deemed to have been outstanding on the Issue Date,
so that it is classified as permitted under Section 4.1(a)(ii)(2). Calculations made after the Reversion Date of the amount available to be made as Restricted Payments under Section 4.1(b) will be
made as though made under Section 4.1(b) had been in effect since the Issue Date and throughout the Suspension Period. Accordingly, Restricted Payments made during the Suspension Period will reduce the amount available to
be made as Restricted Payments under Section 4.1(b)(i). 
 (d)    The Issuer
shall give the Trustee written notice of any Covenant Suspension Event and in any event not later than five (5) Business Days after such Covenant Suspension Event has occurred. In the absence of such notice, the Trustee shall assume the
Suspended 

  
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Covenants apply and are in full force and effect. The Issuer shall give the Trustee written notice of any occurrence of a Reversion Date not later than five (5) Business Days after such
Reversion Date. After receipt of any such notice of the occurrence of a Reversion Date, the Trustee shall assume the Suspended Covenants apply and are in full force and effect. 

Section 4.3 Consolidation, Merger and Sale of Assets. (a) The Parent Guarantor will not consolidate with, merge with or into
another Person, permit any Person to merge with or into it, or sell, convey, transfer, lease or otherwise dispose of all or substantially all of its and its Restricted Subsidiaries’ properties and assets (computed on a consolidated basis) (as
an entirety or substantially an entirety in one transaction or a series of related transactions), unless: 

(i)    the Parent Guarantor will be the continuing Person, or the Person (if other than it) formed by such
consolidation or merger or that acquired or leased such property and assets (the “Parent Guarantor Surviving Person”) shall be a corporation organized and validly existing under the laws of Cyprus, Peru, the United States of
America, any state thereof or the District of Columbia or any other country that is a member country of the European Union and will expressly assume or guarantee, by a supplemental indenture to this Indenture, executed and delivered to the Trustee,
all the obligations of the Parent Guarantor under this Indenture and the Parent Guarantee, as the case may be, and this Indenture and the Parent Guarantee, as the case may be, will remain in full force and effect; 

(ii)    immediately after giving effect to such transaction, no Event of Default will have occurred and be
continuing; 
 (iii)    immediately after giving effect to such transaction on a pro forma basis,
the Parent Guarantor or the Parent Guarantor Surviving Person, as the case may be, shall have a Consolidated Net Worth equal to or greater than the Consolidated Net Worth of the Parent Guarantor immediately prior to such transaction; and 

(iv)    the Parent Guarantor delivers to the Trustee (x) an Officers’ Certificate (attaching the
arithmetic computations to demonstrate compliance with clause (iii) of this Section 4.3(a)) and (y) an Opinion of Counsel, in each case stating that such consolidation, merger or transfer and the relevant
supplemental indenture (if any) complies with this Indenture. 
 (b)    The Issuer will not consolidate
with, merge with or into another Person, permit any Person to merge with or into it, or sell, convey, transfer, lease or otherwise dispose of all or substantially all of its and its Restricted Subsidiaries’ properties and assets (computed on a
consolidated basis) (as an entirety or substantially an entirety in one transaction or a series of related transactions), unless: 

(i)    the Issuer will be the continuing Person, or the Person (if other than it) formed by such
consolidation or merger or that acquired or leased such property and assets (the “Issuer Surviving Person”) shall be a corporation organized and validly existing under the laws of Peru, Cyprus, the United States of America, any
state thereof or the District of Columbia or any other country that is a member country of the European Union 

  
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and will expressly assume, by a supplemental indenture to this Indenture, executed and delivered to the Trustee, all the obligations of Issuer under this Indenture and the Notes, and this
Indenture and the Notes will remain in full force and effect; 
 (ii)    immediately after giving effect
to such transaction, no Event of Default will have occurred and be continuing; 
 (iii)    immediately
after giving effect to such transaction on a pro forma basis, the Issuer or the Issuer Surviving Person, as the case may be, shall have a Consolidated Net Worth equal to or greater than the Consolidated Net Worth of the Issuer immediately
prior to such transaction; and 
 (iv)    the Issuer delivers to the Trustee (x) an Officers’
Certificate (attaching the arithmetic computations to demonstrate compliance with clause (iii) of this Section 4.3(b)) and (y) an Opinion of Counsel, in each case stating that such consolidation, merger or
transfer and the relevant supplemental indenture (if any) complies with this Indenture. 
 Section 4.4 Repurchase of Notes Upon a
Change of Control Triggering Event. (a) Not later than thirty (30) days following a Change of Control Triggering Event, the Issuer or the Parent Guarantor will make an Offer to Purchase all outstanding Notes (a “Change of
Control Offer”) at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to (but not including) the Offer to Purchase Payment Date. 

(b)    The Parent Guarantor and the Issuer will not be required to make a Change of Control Offer
following a Change of Control Triggering Event if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer to be
made by the Parent Guarantor or the Issuer and such third party purchases all Notes validly tendered and not withdrawn under such Change of Control Offer. 

Section 4.5 No Payment for Consents. The Parent Guarantor will not, and shall not permit any of its Restricted
Subsidiaries to, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this
Indenture, the Notes or any Note Guarantee unless such consideration is offered to be paid or is paid to all Holders that consent, waive or agree to amend such term or provision within the time period set forth in the solicitation documents relating
to such consent, waiver or amendment. 
 ARTICLE V 

DEFAULTS AND REMEDIES 

Section 5.1 Events of Default and Remedies. “Event of Default”, wherever used herein with respect to the Notes,
shall mean any one of the following events as described in clauses (a)-(j) below (which will constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is effected by operation
of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

  
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 (a)    default in the payment of principal of (or
premium, if any, on) the Notes when the same becomes due and payable at maturity, upon acceleration, redemption or otherwise; 

(b)    default in the payment of interest (or Additional Amounts, if any) on any Note when the same
becomes due and payable, and such default continues for a period of thirty (30) days; 

(c)    default in the performance or breach of the provisions of Section 4.3;

 (d)    default in the performance or breach of the obligations described in
Section 4.4, and such default or breach continues for a period of thirty (30) consecutive days after written notice is received by the Parent Guarantor from the Trustee at the request of the Holders or from the Holders
of 25% or more in aggregate principal amount of the outstanding Notes; 
 (e)    default in the
performance or breach of any other material covenant or agreement in this Indenture (other than a default specified in clause (a), (b) or (c) of this Section 5.1) and such default or breach
continues for a period of ninety (90) consecutive days after written notice is received by the Parent Guarantor from the Trustee at the written request of the Holders or from the Holders of 25% or more in aggregate principal amount of the
outstanding Notes; 
 (f)    default by the Parent Guarantor or any Restricted Subsidiary under any
Indebtedness (whether such Indebtedness now exists or is created after the Issue Date) which: 

(i)    is caused by a failure to pay, at the final scheduled maturity thereof, principal of such
Indebtedness and such failure continues following the expiration of any applicable grace period provided in such Indebtedness and such failure has not been cured or waived; or 

(ii)    results in the acceleration of such Indebtedness prior to its Stated Maturity; and 

(iii)    the principal amount of Indebtedness covered by clause (i) or (ii) above at the
relevant time, aggregates US$20.0 million (or the Dollar Equivalent thereof) or more; 
 (g)    one
or more final judgments or orders for the payment of money are rendered against the Parent Guarantor or any Restricted Subsidiary and are not paid or discharged, and there is a period of ninety (90) consecutive days following entry of the final
judgment or order that causes the aggregate amount for all such final judgments or orders outstanding and not paid or discharged against all such Persons to exceed U.S.$20.0 million (or the Dollar Equivalent thereof) (to the extent not covered
by insurance or self-insurance) during which a stay of enforcement, by reason of a pending appeal or otherwise, is not in effect; 

  
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 (h) an involuntary case or other proceeding is commenced against the Parent
Guarantor, the Issuer or a Subsidiary Guarantor with respect to it or its debts under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect seeking the appointment of a receiver, liquidator, assignee, custodian,
bankruptcy, trustee, sequestrator or similar official of the Parent Guarantor, the Issuer or a Subsidiary Guarantor or for all or substantially all of the property and assets of the Parent Guarantor or the Issuer and such involuntary case or other
proceeding remains undismissed and unstayed for a period of ninety (90) consecutive days; or an order for relief is entered against the Parent Guarantor, the Issuer or a Subsidiary Guarantor under any applicable bankruptcy, insolvency or other
similar law as now or hereafter in effect; 
 (i) the Parent Guarantor, the Issuer or a Subsidiary Guarantor
(A) commences a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case under any such law, (B) consents to the
appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of the Parent Guarantor, the Issuer or a Subsidiary Guarantor or for all or substantially all of the property and assets of
the Parent Guarantor, the Issuer or a Subsidiary Guarantor or (C) effects any general assignment for the benefit of creditors; or 

(j) the Parent Guarantor or any Subsidiary Guarantor denies in writing its obligations under its Note Guarantee or, except as
permitted by this Indenture, such Note Guarantee is determined to be unenforceable or invalid. 
 (k) If an Event of Default
(other than an Event of Default specified in clause (h) or (i) of this Section 5.1) occurs and is continuing under this Indenture, the Trustee or the Holders of at least 25% in aggregate principal amount
of the Notes, then outstanding, by written notice to the Issuer (and to the Trustee if such notice is given by the Holders), may, and the Trustee at the written request of such Holders will, declare the principal of, premium, if any, and accrued and
unpaid interest on the Notes to be immediately due and payable, subject always to the Trustee having been indemnified and provided security to its satisfaction. Upon a declaration of acceleration, such principal of, premium, if any, and accrued and
unpaid interest will be immediately due and payable. If an Event of Default set forth in clause (f) above occurs, such Event of Default shall be automatically rescinded and annulled once the event of default triggering such Event
of Default is remedied or cured or is waived by the holders of the relevant Indebtedness; provided, however, that no acceleration of the principal amount of the Notes shall be rescinded or annulled upon the happening of any such
events. No such rescission and annulment shall affect any subsequent Event of Default or impair any right consequent thereto. If any Event of Default specified in clause (h) or (i) of this Section 5.1
occurs with respect to the Parent Guarantor, the Issuer or any Subsidiary Guarantor, the principal of, premium, if any, and accrued and unpaid interest on the Notes then outstanding will automatically become and be immediately due and payable
without any declaration or other act on the part of the Trustee or any Holder. 
 (l) The Holders of at least a majority in
aggregate principal amount of the outstanding Notes by written notice to the Issuer and to the Trustee, may waive all past Defaults and rescind and annul a declaration of acceleration and its consequences if: 

  
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 (i) all existing Events of Default (other than the nonpayment of the
principal of, premium, if any, and interest on the Notes that have become due solely by such declaration of acceleration) have been cured or waived; and 

(ii) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction. 

Upon such waiver, the Default will cease to exist, and any Event of Default arising therefrom will be deemed to have been cured, but no such
waiver will extend to any subsequent or other Default or impair any right consequent thereon. 
 (m) The Holders of at least
a majority in aggregate principal amount of the outstanding Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. However, the
Trustee may refuse to follow any direction that conflicts with law or this Indenture, or for which it is not indemnified or offered security to its satisfaction, or that may involve the Trustee in personal liability, or that the Trustee determines
in good faith may be unduly prejudicial to the rights of Holders not joining in the giving of such direction and may take any other action it deems proper that is not inconsistent with any such direction received from Holders. A Holder may not
institute any proceeding, judicial or otherwise, with respect to this Indenture or the Notes, or for the appointment of a receiver or trustee, or pursue any remedy with respect to this Indenture or the Notes, unless: 

(i) the Holder has previously given the Trustee written notice of a continuing Event of Default; 

(ii) the Holders of at least 25% in aggregate principal amount of outstanding Notes make a written request to the Trustee to
pursue the remedy; 
 (iii) such Holder or Holders offer the Trustee security and indemnity satisfactory to the Trustee
against any loss, costs, liability or expense to be incurred in compliance with such request; 
 (iv) the Trustee does not
comply with the request within sixty (60) days after receipt of the request and the offer of security and/or indemnity; and 

(v) during such sixty (60) day period, the Holders of a majority in aggregate principal amount of the outstanding Notes do
not give the Trustee a direction that, in the opinion of the Trustee, is inconsistent with such request. 
 However, such limitations in
clauses (m)(i) through (v) above do not apply to the right of any Holder to bring suit for the enforcement of any payment of the principal of, or interest, and Additional Amounts, if any, on, such Note, which contractual right
will not be impaired without the consent of the Holder. 
 Section 5.2 Priorities. If the Trustee collects any money or
property pursuant to this Article V, it shall pay out the money or property in the following order: 

  
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 (i)    FIRST: to the Trustee for amounts due under
Section 8.5; 
 (ii)    SECOND: to Holders for amounts due and unpaid on the
Notes for principal and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal and interest, respectively; and 

(iii)    THIRD: to the Issuer. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 5.2. 

Section 5.3 Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorney’s
fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 5.3 does not apply to a suit by the Trustee or a
suit by Holders of more than 10% in principal amount of the then outstanding Notes. 
 ARTICLE VI 

DISCHARGE OF THE INDENTURE; DEFEASANCE 

Section 6.1 Satisfaction and Discharge of Indenture. This Indenture will be discharged and will cease to be of
further effect (except as to surviving rights of registration of transfer or exchange of the Notes and the rights and immunities of the Trustee, as set forth in this Indenture, and the Issuer’s and Guarantors’ obligations in connection
therewith, in each case, as expressly provided for in this Indenture) and the Trustee, on written demand of and at the expense of the Issuer and upon receipt of an Officers’ Certificate and an Opinion of Counsel as provided in
Section 6.1(c) below shall execute proper instruments acknowledging the same, when: 

(a)    the Issuer has irrevocably deposited or caused to be deposited with the Trustee as funds in trust
for such purpose an amount in U.S. dollars or U.S. Government Obligations, or a combination thereof in such amounts and at such times as will be sufficient to pay and discharge the entire Indebtedness on the Notes that have not, prior to such time,
been delivered to the Trustee for cancellation, for principal of, premium, if any, and any Additional Amounts and accrued and unpaid interest on the Notes to the date of such deposit (in the case of Notes which have become due and payable) or to the
Redemption Date or Maturity Date, as the case may be, and the Issuer has delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of the Notes at the applicable installment date or on the
Redemption Date, as the case may be, and either: 
 (i)    all Notes that have been authenticated and
delivered (other than destroyed, lost or stolen Notes that have been replaced or paid and Notes for whose payment money has been deposited in trust or segregated and held in trust by the Issuer and thereafter repaid to the Issuer or discharged from
such trust as provided for in this Indenture) have been delivered to the Trustee for cancellation; or 

  
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 (ii)    all Notes that have not been delivered to the
Trustee for cancellation (x) have become due and payable (by reason of the giving of a notice of redemption or otherwise), (y) will become due and payable at the Maturity Date within one year or (z) are to be called for redemption within
one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the Issuer’s name, and at the Issuer’s expense; 

(b)    the Issuer has paid or caused to be paid all sums payable by the Issuer under this Indenture; and

 (c)    the Issuer has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that: 
 (i)    all conditions precedent provided in this Indenture relating to
the satisfaction and discharge of this Indenture have been satisfied; and 
 (ii)    such satisfaction
and discharge will not result in a breach or violation of, or constitute an Event of Default under, this Indenture or any other agreement or instrument to which the Parent Guarantor, the Issuer or any Restricted Subsidiary is a party or by which the
Parent Guarantor, the Issuer or any Restricted Subsidiary is bound. 
 Section 6.2 Repayment of Monies. Subject to
Section 6.3, following the satisfaction and discharge of this Indenture as described in Section 6.1, all investments and monies then held by the Trustee under this Indenture shall, upon written
demand of the Issuer, be repaid or, as the case may be, released, assigned or transferred to the Issuer, and thereupon the Trustee shall be released from all further liability with respect to such investments and monies. 

Section 6.3 Application of Trust Money; Return of Monies Held by the Trustee. (a) The Trustee shall hold in
trust U.S. dollars and/or U.S. Government Obligations deposited with it for the payment of any Notes pursuant to this Article VI. It shall apply the deposited money either directly or through any Paying Agent and in accordance with this
Indenture and the Notes to the payment of principal of, interest on and other amounts payable with respect to the Notes for which funds have been deposited. Any monies deposited with or paid to the Trustee for the payment of the principal, premium
or Additional Amounts (if any), interest or any other amount due with respect to any Note and not applied but remaining unclaimed for two years after the date upon which such principal, premium or Additional Amounts (if any), interest or other
amount shall have become due and payable, shall (to the extent not required to escheat to any Governmental Authority), upon written demand of the Issuer, be repaid by the Trustee to or for the account of the Issuer, the receipt of such repayment to
be confirmed promptly in writing by or on behalf of the Issuer, and, to the extent permitted by Applicable Law, the Person claiming such payment of principal, premium or Additional Amounts (if any), interest or any other amount shall thereafter look
only to the Issuer for any related payment that it may be entitled to receive, and all liability of the Trustee with respect to such monies shall thereupon cease. 

  
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 (b)    Claims against the Issuer for the payment of
principal, premium, if any, or interest in respect of the Notes will be prescribed unless made within six years of the due date for payment of such principal, premium, if any, or interest. 

Section 6.4 Defeasance. (a) The Issuer may, at its option and at any time, elect to have the obligations of the
Issuer discharged with respect to the Notes (“Legal Defeasance”). Such Legal Defeasance shall mean that the Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the Notes, except for: 

(i)    the rights of the Holders to receive payments in respect of the principal of, premium, if any,
interest and Additional Amounts, if any, on the Notes when such payments are due; 
 (ii)    the
Issuer’s obligations with respect to the Notes concerning issuing temporary Notes, registration of Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payments; 

(iii)    the rights, powers, trust, duties and immunities of the Trustee, as set forth in this Indenture,
and the Issuer’s and Guarantors’ obligations in connection therewith; and 
 (iv)    the Legal
Defeasance provisions of this Indenture. 
 (b)    In addition, the Issuer may, at its option and at any
time, elect to have the obligations of the Issuer released with respect to Sections 4.1(a), 4.1(b), 4.1(c), 4.1(d), 4.1(e), 4.1(f), 4.1(g), 4.1(h), 4.1(l)(i), 4.1(l)(ii),
4.1(l)(iv), and 4.1(n), Section 4.3 and Section 4.4 (“Covenant Defeasance”) and thereafter the failure by the Issuer or any Restricted Subsidiary to comply with such
obligations shall not constitute an Event of Default with respect to the Notes. For this purpose, such Covenant Defeasance means that, with respect to all outstanding Notes, the Issuer may omit to comply with and shall have no liability in respect
of any term, condition or limitation set forth in any such provision, whether directly or indirectly, by reason of any reference elsewhere herein to any such provision or by reason of any reference in any such provision to any other provision herein
or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 5.1 hereof, but, except as specified above, the remainder of this Indenture and the Notes shall be
unaffected thereby. 
 (c)    In order to exercise either Legal Defeasance or Covenant Defeasance: 

(i)    the Issuer must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders cash
in U.S. dollars, non-callable U.S. Government Obligations, or a combination thereof, in such amounts and at such times as will be sufficient, in the opinion of a nationally recognized firm of independent
public accountants, to pay the principal of, premium, if any, interest and Additional Amounts, if any, on the Notes on the stated date for payment thereof or on the applicable Redemption Date, as the case may be; 

(ii)    in the case of Legal Defeasance, the Issuer shall have delivered to the Trustee an Opinion of
Counsel reasonably acceptable to the Trustee, confirming that: 

  
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 (1)    the Issuer has received from, or there has been
published by, the Internal Revenue Service a ruling; or 
 (2)    since the date of this Indenture,
there has been a change in the applicable United States federal income tax law; 
 in either case to the effect that, and based thereon such
opinion of counsel shall confirm that, the Holders will not recognize income, gain or loss for United States federal income tax purposes as a result of such Legal Defeasance and will be subject to United States federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(iii)    in the case of Covenant Defeasance, the Issuer shall have delivered to the Trustee an Opinion of
Counsel in the United States confirming that the Holders will not recognize income, gain or loss for United States federal income tax purposes as a result of such Covenant Defeasance and will be subject to United States federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(iv)    in the case of Legal Defeasance or Covenant Defeasance, the Issuer shall have delivered to the
Trustee (1) an Opinion of Counsel to the effect that, based upon Peruvian law then in effect, the Holders will not recognize income, gain or loss for Peruvian tax purposes, including withholding tax except for withholding tax then payable on
interest payments due, and the amounts to be payable shall not be subject to any deposit or temporary freezing of funds, as a result of such Legal Defeasance or Covenant Defeasance, as the case may be, and the Holders will be subject to Peruvian
taxes on the same amounts and in the same manner and at the same time as would have been the case if such Legal Defeasance or Covenant Defeasance, as the case may be, had not occurred or (2) a ruling directed to the Trustee received from tax
authorities of Peru to the same effect as the Opinion of Counsel described in clause (1) of this Section 6.4(c)(iv); 

(v)    no Default or Event of Default shall have occurred and be continuing on the date of such deposit
pursuant to clause (i) of this Section 6.4(c) (except such Default or Event of Default resulting from the failure to comply with the provisions of Section 4.1(a) as a result of the
borrowing of funds required to effect such deposit); 
 (vi)    such Legal Defeasance or Covenant
Defeasance shall not result in a breach of, or constitute a Default under, this Indenture or any other material agreement or instrument to which the Issuer or any of its Subsidiaries is a party or by which the Issuer or any of its Subsidiaries is
bound; 
 (vii)    the Trustee shall have received an Officers’ Certificate of the Issuer stating
that the deposit was not made with the intent of preferring the Holders over any other creditors of the Issuer or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Issuer or others; 

(viii)    the Trustee shall have received an Officers’ Certificate of the Issuer and an Opinion of
Counsel, each stating that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance have been complied with; and 

  
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 (ix)    the Trustee shall have received an Opinion of
Counsel (subject to customary qualifications and exclusions) to the effect that the trust resulting from the deposit does not constitute a regulated investment company under the Investment Company Act of 1940. 

ARTICLE VII 
 NOTE
GUARANTEES 
 Section 7.1 Note Guarantee. Subject to the provisions of this Article, each Guarantor hereby,
irrevocably and unconditionally guarantees, as primary obligor and not merely as surety, jointly and severally with each other Guarantor, to each Holder and to the Trustee the due and punctual payment of the principal of, premium, if any, and
interest on, and all other amounts payable under, the Notes, this Indenture and the Note Guarantees granted by the other Guarantors. To the extent permitted by law, each Guarantor (1) agrees that its obligations under its Note Guarantee will be
enforceable irrespective of any invalidity, irregularity or unenforceability of the Notes, this Indenture or any Note Guarantee granted by the other Guarantors and (2) waives its right to require the Trustee or any Holder to pursue or exhaust
its legal or equitable remedies against the Issuer prior to exercising its rights under any Note Guarantee. Moreover, if at any time any amount paid under a Note or this Indenture is rescinded or must otherwise be restored, the rights of the Holders
under the Note Guarantees will be reinstated with respect to such payments as though such payment had not been made. All payments under the Note Guarantees are required to be made in U.S. dollars. 

Section 7.2 Note Guarantee Unconditional. To the extent permitted by Applicable Law, the obligations of the
Guarantors hereunder are unconditional and absolute and, without limiting the generality of the foregoing, will not be released, discharged or otherwise affected by: 

(a)    any extension, renewal, settlement, compromise, waiver or release in respect of any obligation of
the Issuer under this Indenture or any Note, by operation of law or otherwise; 
 (b)    any modification
or amendment of or supplement to this Indenture or any Note; 
 (c)    any change in the corporate
existence, structure or ownership of the Issuer, or any insolvency, bankruptcy, reorganization, plan of arrangement or other similar proceeding affecting the Issuer or its assets or any resulting release or discharge of any obligation of the Issuer
contained in this Indenture or any Note; 
 (d)    the existence of any claim, set-off or other rights which any of the Guarantors may have at any time against the Issuer, the Trustee or any other Person, whether in connection with this Indenture or any unrelated transactions; provided
that nothing herein prevents the assertion of any such claim by separate suit or compulsory counterclaim; 

  
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 (e)    any invalidity or unenforceability relating to or
against the Issuer for any reason of this Indenture or any Note, or any provision of Applicable Law or regulation purporting to prohibit the payment by the Issuer of the principal of or interest on any Note or any other amount payable by the Issuer
under this Indenture; 
 (f)    any other act or omission to act or delay of any kind by the Issuer, the
Trustee or any other Person or any other circumstance whatsoever which might, but for the provisions of this Section 7.2, constitute a legal or equitable discharge of or defense to any Guarantor’s obligations
hereunder; or 
 (g)    any defenses (other than full and unconditional payment) or benefits that may be
derived from or afforded by law which limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms of any Note Guarantee or this Indenture. 

Section 7.3 Release of the Parent Guarantee. The Parent Guarantee of the Parent Guarantor will be automatically and
unconditionally released (and thereupon shall terminate and be discharged and be of no further force and effect) upon a Legal Defeasance, a Covenant Defeasance or a discharge of the Notes as described under Article VI. 

Section 7.4 Waiver by the Guarantors. (a) To the extent permitted by Applicable Law, each Guarantor
unconditionally and irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Issuer or any other Person. Each
Note Guarantee constitutes a Guarantee of payment and not of collection. 
 (b)    To the extent
permitted by Applicable Law, each Guarantor expressly waives irrevocably and unconditionally: 

(i)    any right it may have to first require the Trustee or any Holder of the Notes to proceed against,
initiate any actions before a court of law or any other judge or authority, or enforce any other rights or security or claim payment from the Issuer or any other Person (including any Guarantor or any other guarantor) before claiming it under this
Indenture; 
 (ii)    any right to which it may be entitled to have the assets of the Issuer or any
other Person (including the Parent Guarantor, the Subsidiary Guarantors or any other guarantor) first be used, applied or depleted as payment of the Issuer’s, the Parent Guarantor’s or the Subsidiary Guarantors’ obligations hereunder,
prior to any amount being claimed from or paid by any Guarantor hereunder; and 
 (iii)    any right to
which it may be entitled to have claims hereunder divided between the Parent Guarantor and the Subsidiary Guarantors. 
 Section 7.5
Subrogation and Contribution. Upon making any payment with respect to any obligation of the Issuer, each paying Guarantor will be subrogated to the rights of the payee against the Issuer and the other Guarantors with respect to
such obligation; provided, that such paying Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of subrogation until the principal of (and premium, if any) interest, Additional
Amounts on all Notes and any other amounts due under this Indenture shall have been paid in full. 

  
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 Section 7.6 Execution and Delivery of Note Guarantee. The execution by
any Guarantor of this Indenture (or a supplemental indenture to this Indenture) evidences such Guarantor’s Note Guarantee whether or not the Person signing as an Authorized Officer of such Guarantor still holds that office at the time of
authentication of any Note. In addition, each Guarantor shall execute a Notation of Note Guarantee; provided, however, that each Guarantor agrees that its Note Guarantee shall remain in full force and effect notwithstanding any failure
to endorse on each Note a Notation of Note Guarantee. The delivery of any Note by the Trustee after authentication constitutes due delivery of the Note Guarantee set forth in this Indenture on behalf of each Guarantor. 

Section 7.7 Purpose of Note Guarantees. The Issuer and the Trustee hereby acknowledge that the purpose and intent of
the Guarantors in executing this Indenture (or any supplemental indenture hereto) and providing the Note Guarantee is to give effect to the agreement of such Guarantor to Guarantee the payment of any such amounts due by the Issuer under the Notes
and this Indenture, whether such amounts are in respect of principal, interest or any other amounts (including Additional Amounts). Therefore, each of the Guarantors agrees that if the Issuer shall fail to pay in full when due (whether at Stated
Maturity, by acceleration or otherwise) any principal, interest or any other amounts (including Additional Amounts) with respect to this Indenture and the Notes, such Guarantor shall promptly pay the same, without any demand or notice whatsoever.
The Trustee shall promptly apply any funds it receives from any of the Guarantors under or pursuant to its Note Guarantee in accordance with this Indenture. 

Section 7.8 Subsidiary Guarantors. (a) Although all of the Parent Guarantor’s Subsidiaries will be Restricted
Subsidiaries, none of the Parent Guarantor’s Subsidiaries will be a Subsidiary Guarantor at the Issue Date (the “Initial Non-Guarantor Subsidiaries” and, together with any other
Restricted Subsidiary that does not provide a Subsidiary Guarantee, the “Non-Guarantor Subsidiaries”). In the event that any Non-Guarantor Subsidiary
subsequently provides a Subsidiary Guarantee, such Subsidiary shall be excluded from the definition of Non-Guarantor Subsidiary and be added to the definition of Subsidiary Guarantor. Each Restricted
Subsidiary that provides a Subsidiary Guarantee after the Issue Date in accordance with Section 7.6 will become a Subsidiary Guarantor. 

(b)    If any Restricted Subsidiary Guarantees any Indebtedness of the Issuer or the Parent Guarantor after
the Issue Date, such Restricted Subsidiary shall execute and deliver to the Trustee a supplemental indenture to this Indenture by which such Restricted Subsidiary shall become a Subsidiary Guarantor and provide a Subsidiary Guarantee. 

(c)    The Board of Directors may designate any Restricted Subsidiary to become a Subsidiary Guarantor;
provided that (i) such designation will not cause or result in a Default; (ii) any Indebtedness of such Restricted Subsidiary outstanding at the time of such designation which will be deemed to have been Incurred by such
newly-designated Subsidiary Guarantor as a result of such designation would be permitted to be Incurred by Section 4.1(a); (iii) any Lien on the Property of such Restricted Subsidiary at the time of such designation which
will be deemed to have been incurred by such newly-designated Subsidiary Guarantor as a result 

  
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of such designation would be permitted to be incurred by Section 4.1(f) and (iv) such Restricted Subsidiary, upon such designation, shall execute and deliver to the
Trustee a supplemental indenture to this Indenture by which such Restricted Subsidiary shall become a Subsidiary Guarantor and provide a Subsidiary Guarantee. In addition, the Issuer and the Parent Guarantor will cause any Restricted Subsidiary of
the Parent Guarantor that (A) as of the last date of any quarter and with respect to the Parent Guarantor and its Restricted Subsidiaries, individually represents at least 5% of the Consolidated Assets of the Parent Guarantor and its Restricted
Subsidiaries as determined in accordance with IFRS, or (B) for the preceding twelve-month period, individually represents at least 5% of the Consolidated EBITDA of the Parent Guarantor and its Restricted Subsidiaries as determined in accordance
with IFRS, to execute and deliver to the Trustee a supplemental indenture to this Indenture by which such Restricted Subsidiary shall become a Subsidiary Guarantor and provide a Subsidiary Guarantee; provided, however, that if (x) with respect
to clause (A) above, as of the last date of the relevant quarter, the Parent Guarantor and the then existing Subsidiary Guarantors collectively represent at least 80% of the Consolidated Assets of the Parent Guarantor and its Restricted
Subsidiaries, then such Restricted Subsidiary will not be required to become a Subsidiary Guarantor, and (y) with respect to clause (B) above, for the relevant twelve-month period, the Issuer and the then existing Subsidiary
Guarantors collectively represent at least 80% of the Consolidated EBITDA of the Parent Guarantor and its Restricted Subsidiaries, then such Restricted Subsidiary will not be required to become a Subsidiary Guarantor. 

(d)    The obligations of each Subsidiary Guarantor under its Subsidiary Guarantee will be limited to an
amount not to exceed the maximum amount that can be Guaranteed by such Subsidiary Guarantor without rendering its Subsidiary Guarantee voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting
the rights of creditors generally. 
 Section 7.9 Release of the Subsidiary Guarantees. A Subsidiary Guarantee given by a
Subsidiary Guarantor will be automatically and unconditionally released (and thereupon shall terminate and be discharged and be of no further force and effect) upon (i) a Legal Defeasance, a Covenant Defeasance or a discharge of the Notes as
described under Article VI; or (ii) the sale of such Subsidiary Guarantor in compliance with the terms of this Indenture (including Section 4.1(g) and Section 4.3) resulting in such
Subsidiary Guarantor no longer being a Restricted Subsidiary, so long as (1) such Subsidiary Guarantor is simultaneously released from its obligations in respect of any of the Parent Guarantor’s other Indebtedness or any Indebtedness of
any other Restricted Subsidiary and (2) the proceeds from such sale or disposition are used for the purposes permitted or required by this Indenture. Upon the Trustee’s receipt of an Officers’ Certificate from the Issuer and an
Opinion of Counsel each stating that all conditions precedent to the release of any Subsidiary Guarantee have been satisfied, the Trustee will execute any documents reasonably requested by the Issuer in order to evidence or effect such release,
discharge and termination in respect of such Subsidiary Guarantee. 
 Section 7.10 Information. The Parent
Guarantor and each of the Subsidiary Guarantors assumes all responsibility for being and keeping itself informed of the Issuer’s and each other Guarantor’s financial condition and assets, and of all other circumstances bearing upon the
risk of nonpayment of the obligations incurred under this Indenture and the nature, scope and extent of 

  
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the risks that such Guarantor assumes and incurs hereunder, and agrees that neither the Trustee nor any Holder will have any duty to advise such Guarantor of information known to it or any of
them regarding such circumstances or risks. 
 ARTICLE VIII 

THE TRUSTEE 

Section 8.1 Duties of the Trustee; Certain Rights of the Trustee. (a) If an Event of Default exists and is continuing,
then the Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s
own affairs. 
 (b)    Except during the continuance of an Event of Default with respect to the Notes:

 (i)    the duties and obligations of the Trustee shall be determined solely by the express provisions
of this Indenture and the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the
Trustee; and 
 (ii)    the Trustee may conclusively rely as to (a) the truth of the statements and
the correctness of the opinions expressed in and upon any statements, certificates or opinions furnished to the Trustee pursuant to this Indenture and conforming to the requirements of this Indenture, and as to (b) any standing orders of any
certificate that has been provided to it and not replaced by a new certificate. 
 (c)    None of the
Trustee, any Authorized Agent or any of their respective agents or Affiliates shall be liable for any act or omission made in connection with this Indenture or the Notes except in the case of its own gross negligence or willful misconduct. In
furtherance, and not in limitation, of the Trustee’s rights and protections hereunder, and unless otherwise specifically provided in this Indenture or in violation of Applicable Law, the Trustee shall (subject to the terms hereof) grant such
consents, make such requests and determinations and take or refrain from taking such actions as are permitted (but not expressly required) to be granted, made or taken by the Trustee, as the Required Holders shall direct in writing. 

(d)    No provision of this Indenture shall be construed to relieve the Trustee from liability for its own
gross negligence or willful misconduct; provided, that: 
 (i)    this
Section 8.1(d) does not limit the effect of Section 8.1(b); and 

(ii)    the Trustee shall not be liable for any error of judgment made in good faith by any of its
Responsible Officers unless it shall be conclusively determined in a court of competent jurisdiction in a final, non-appealable order that the Trustee was grossly negligent in ascertaining the pertinent facts,
nor shall the Trustee be liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the written direction of the Required Holders under, or believed by it to be authorized or permitted by, this
Indenture, and shall not be liable for accepting, or acting upon, any direction given by the Holders in accordance herewith. 

  
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 (e)    (i) The Trustee may conclusively rely upon, and
shall be protected in acting or refraining from acting upon, and shall not be bound to make any investigation into the facts or matters stated in, any resolution, certificate, statement, instrument, instruction, opinion, report, notice, request,
direction, consent, order, bond, debenture, note, other evidence of indebtedness, guaranty or other paper or document (whether in original and/or facsimile form) reasonably believed by it to be genuine and to have been signed or presented by the
proper Person(s). The Trustee, in its discretion, may (but shall not be obligated to) make such further inquiry or investigation into such facts or matters as it may see fit at the expense of the Issuer, and, if the Trustee shall determine to make
such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Issuer, personally or by agent or attorney at the sole cost of the Issuer and shall incur no liability or additional liability of any kind
by reason of such inquiry or investigation. 
 (ii)    The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of the Holders unless the Holders shall have furnished to (or caused to be furnished to) the Trustee security and indemnity satisfactory to it
against the costs, expenses and liabilities, including attorneys’ fees and expenses, that might be incurred by the Trustee therein or thereby. 

(iii)    Nothing in this Indenture shall require the Trustee to expend or risk its own funds or otherwise
incur any financial liability in the performance of any of its duties or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or
liability is not reasonably assured to it. 
 (iv)    As a condition to the taking of or omitting to
take any action by it hereunder, the Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action reasonably taken or
omitted by it hereunder and in reliance thereon. 
 (v)    For all purposes under this Indenture, the
Trustee shall not be deemed to have notice or knowledge of any Default or Event of Default unless a Responsible Officer has (in the case of a payment default under Section 5.1(a) or Section 5.1(b)
hereof) Actual Knowledge thereof or in all other instances unless written notice thereof is received by a Responsible Officer of the Trustee at its Corporate Trust Office; provided, that the Trustee shall be deemed to have notice of the
failure of the Issuer to deliver funds (as long as the Trustee is acting as Paying Agent) to the Trustee when scheduled to be delivered to the Trustee under this Indenture. The Trustee may withhold notice to the Holders of any Default except on
payment or principal of, or interest, if any, on the Notes if and so long as the Trustee in good faith determines that it is in the interest of the Holders to do so. 

  
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 (vi)    Unless otherwise specifically provided in this
Indenture, any request or direction of the Issuer, any Guarantor or any other Person to the Trustee shall be sufficiently evidenced by a written request or order signed in the name of such Person by an Authorized Officer of such Person. Any
resolution adopted by any such Person in connection with such a request or direction shall be sufficiently evidenced by a copy of such resolution certified by the secretary, assistant secretary or similar officer in the United States or, outside the
United States, the official or person who performs the functions that are normally performed by a secretary or assistant secretary in the United States (including, in the case of the Issuer, the Secretary General or similar officer) of such Person
to have been duly adopted and to be in full force and effect. 
 (vii)    Whenever in the administration
of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may conclusively rely
upon an Officers’ Certificate and/or Opinion of Counsel. 
 (viii)    Whether or not expressly so
provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to this Article VIII. 

Section 8.2 Performance of Trustee’s Duties. (a) The Trustee shall not be responsible for and makes no
representation as to the validity or adequacy of this Indenture, the Notes or any Note Guarantee, it shall not be accountable for the Issuer’s use of the proceeds from the Notes, and it shall not be responsible for any statement of the Issuer
or any Guarantor in this Indenture or in any document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication. 

(b)    The Trustee may, in the execution and exercise of all or any of the powers, authorities and
discretions vested in it by this Indenture, act by Responsible Officer(s) of the Trustee (or duly-authorized officers of its Affiliates), and the Trustee may also execute any of the trusts or powers hereunder or perform any duties hereunder either
directly or by or through agents, attorneys, accountants, custodians or nominees and the Trustee shall not be responsible for any misconduct or negligence on the part of any such agents, attorneys, accountants, custodians or nominees appointed with
due care by the Trustee. 
 (c)    The Trustee, any Paying Agent, Registrar, Transfer Agent, or any other
agent of the Issuer, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Issuer with the same rights it would have if it were not the Trustee, Paying Agent, Registrar, Transfer Agent, or
such other agent. 
 (d)    The Trustee shall not be required to provide, on its own behalf, any surety,
bond or other kind of security in connection with the execution of any of its trusts or powers under this Indenture or the performance of its duties hereunder. 

(e)    The recitals contained herein, in the Notes or any offering materials, except for the Trustee’s
certificate of authentication, shall not be taken as the statements of the Trustee, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture, the Notes,
any Note Guarantee or any offering materials. 

  
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 (f)    The Trustee shall not be accountable for the use
or application by any Person of any funds deposited in or withdrawn from any account, or required to be so deposited or withdrawn, other than any funds held by or on behalf of the Trustee and over which the Trustee has exclusive dominion and
control. Furthermore, the Trustee shall not be accountable for the use or application of any securities or other Property or the proceeds thereof that shall be used by the Issuer or any other Person (except itself) other than in accordance with this
Indenture. 
 (g)    The Trustee shall (i) not be responsible for the payment of any interest with
respect to amounts held by it and (ii) have no obligation to invest or reinvest any amounts held by it. 

(h)    No provision of this Indenture shall be deemed to impose any duty or obligation on the Trustee to
take or omit to take any action, or suffer anything to exist, in the performance of its duties or obligations under this Indenture, or to exercise any right or power hereunder, to the extent that taking or omitting to take such action, suffering
such thing to exist, or exercising such right or power, would violate Applicable Law binding upon it. No provision of this Indenture shall be deemed to impose any duty or obligation on the Trustee to perform any act or acts or exercise any right,
power, duty or obligation conferred or imposed on it in any jurisdiction in which it shall be illegal, or in which the Trustee shall be unqualified or incompetent in accordance with Applicable Law, to perform any such act or acts or to exercise any
such right, power, duty or obligation, or which would render the Trustee liable to any Person in any such jurisdiction or the State of New York. 

(i)    The rights, privileges, protections, immunities and benefits provided to the Trustee hereunder
(including its right to be indemnified) are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder as Paying Agent, Registrar and Transfer Agent and to each of its agents, custodians and other Persons duly employed
by the Trustee hereunder or thereunder and to each other Authorized Agent appointed hereunder. 

(j)    The permissive rights of the Trustee enumerated herein shall not be construed as duties. 

(k)    Notwithstanding any provision herein to the contrary, in no event shall the Trustee or any
Authorized Agent be liable for any failure or delay in the performance of its obligations hereunder because of circumstances beyond its control, including, but not limited to, acts of God, flood, local or national disturbance or disaster, war
(whether declared or undeclared), civil unrest, terrorism, fire, riot, strikes or work stoppages for any reason, embargo, government action, including any present or future laws, ordinances, regulations or the like which restrict or prohibit the
providing of the services contemplated by this Indenture, the Notes or any Note Guarantee, inability to obtain material, equipment, or communications or computer facilities, or the failure of equipment or interruption of communications or computer
facilities including, but not limited to the unavailability of the Federal Reserve Bank or other wire or communication facility, and other causes beyond its control whether or not of the same class or kind as specifically named above. 

  
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 (l)    In no event shall the Trustee or any Authorized
Agent be responsible or liable for special, indirect, consequential or punitive loss or damage of any kind whatsoever (including, but not limited to, loss of profit), even if the Trustee or such Authorized Agent, as applicable, has been advised as
to the likelihood of such loss or damage and regardless of the form of action. 
 (m)    The Trustee may
request that the Issuer and any Guarantor deliver an Officers’ Certificate setting forth the names of individuals and/or titles of Authorized Officers authorized at such time to take specified actions pursuant to this Indenture, which
Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any person specified as so authorized in any such certificate previously delivered and not superseded. 

(n)    The Trustee shall have no duty to ascertain or inquire as to the performance or observance of any of
the terms of this Indenture, the Notes, any Note Guarantee or any other documents or agreements entered into in connection with the transactions contemplated hereby or thereby, by the Issuer, any Guarantor or any other party thereto or bound thereby
or to perform or observe or cause the performance or observance of any thereof. The Trustee shall not be responsible for the calculation or other determination of any amounts referred to in or contemplated by this Indenture, the Notes, any Note
Guarantee or any other documents or agreements entered into in connection with the transactions contemplated hereby or thereby. 

(o)    Any notice, request, demand, instruction, direction, consent or similar communication to the Trustee
or any Authorized Agent shall be in writing and delivered in accordance with Section 10.5. 
 Section 8.3
Resignation and Removal; Appointment of Successor Trustee; Eligibility. (a) The Trustee may resign and be discharged of the trust created by this Indenture by giving at least thirty (30) days’
written notice to the Issuer and the Holders, and such resignation shall take effect upon receipt by the Trustee of an instrument of acceptance of appointment executed by a successor trustee as provided in Section 8.4. 

(b)    The Trustee may be removed as trustee at any time, with or without cause, upon thirty (30) days
prior written notice by the Required Holders delivered to the Trustee and the Issuer, and (unless such notice provides otherwise) such removal shall take effect upon receipt by the Trustee of an instrument of acceptance of appointment executed by a
successor trustee as provided in Section 8.4. 
 (c)    If at any time any of
the following occurs: 
 (i)    the Trustee ceases to be eligible to act as the Trustee in accordance
with clause (e) and fails to resign after written request for such resignation by the Issuer or the Required Holders, or 

(ii)    the Trustee becomes incapable of acting, or (in its individual capacity) shall be adjudged a
bankrupt or insolvent or a receiver or liquidator of the Trustee (in its individual capacity) or of its Property shall be appointed, or any public officer takes charge or control of the Trustee (in its individual capacity) or of its Property or
affairs for the purpose of rehabilitation, conservation or liquidation, 

  
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 then the Issuer (so long as no Default or Event of Default with respect to any Notes exists) or the Required
Holders (in the event any Default or Event of Default with respect to any Notes has occurred and is continuing) may remove the Trustee. If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Issuer
will promptly appoint or request the Trustee in writing to appoint a successor Trustee meeting the eligibility requirements in clause (e) by notifying the Trustee in writing. Within one year after the successor Trustee takes office,
Required Holders may appoint a successor Trustee reasonably acceptable to the Issuer to replace the successor Trustee appointed by the Issuer. 

(d)    If at any time the Trustee shall resign, be removed or become incapable of acting as trustee
hereunder, or if at any time a vacancy shall occur in the office of the Trustee for any other cause, then the Issuer may appoint a qualified successor trustee. If no such successor trustee is appointed by the Issuer within thirty (30) days
after: (i) the Trustee’s delivery of notice of resignation, (ii) the Trustee’s receipt of notice of removal or (iii) the occurrence of such vacancy, then the Issuer, the Trustee or the Required Holders may request, at the
sole cost of the Issuer, a court of competent jurisdiction to make such appointment. 
 (e)    This
Indenture must always have a Trustee that shall (i) be a licensed bank or trust company having a corporate trust department (or a branch, Subsidiary or other Affiliate thereof) organized and doing business under the laws of the United States or
any State thereof or a Western European country and authorized under such laws to exercise corporate trust powers in the United States, (ii) have a combined capital and surplus of at least U.S.$50,000,000 (or its equivalent in any other
currency), and (iii) not be affiliated (as that term is defined in Rule 405 under the Securities Act) with the Issuer. If at any time the Trustee ceases to be eligible to act as trustee in accordance with this
Section 8.3, then the Trustee shall resign immediately as Trustee as specified in clause (a) or may be removed as specified in clause (c). 

Section 8.4 Acceptance of Appointment by Successor Trustee. (a) Any successor Trustee appointed as provided in
Section 8.3 shall execute, acknowledge and deliver to the Holders, the Issuer and to its predecessor Trustee an instrument accepting such appointment hereunder, and, subject to Section 8.3, upon
the resignation or removal of the predecessor Trustee, such appointment shall become effective and such successor trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, duties and obligations of its
predecessor hereunder, with like effect as if originally named as Trustee herein; provided, however, that the Trustee ceasing to act shall, on written request of the Issuer or the successor Trustee, upon payment of its charges,
execute, subject to Section 8.4(d) and Section 8.5(g) below, and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee, and shall
duly assign, transfer and deliver to such successor Trustee all Property and money held by such retiring Trustee hereunder, subject nevertheless to its Lien, if any, provided for in Section 8.5. Upon written request of any
such successor Trustee, the Holders and the Issuer shall execute any and all instruments in writing for fully and certainly vesting in and confirming to such successor Trustee all such rights and powers. 

  
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 (b)    No successor Trustee shall accept appointment as
provided in this Section unless at the time of such acceptance such successor Trustee shall be eligible to act as the Trustee under Section 8.3(e). 

(c)    Upon acceptance of appointment by a successor Trustee as provided in this
Section 8.4, the successor Trustee shall notify each Holder of such appointment in accordance with Section 10.5 (with a copy of such notice to the Issuer). If the acceptance of appointment is
substantially contemporaneous with the resignation of the previous Trustee, then the notice required by the preceding sentence may be combined with the notice required by Section 8.3. 

(d)    The Trustee shall have no responsibility or liability for any action or inaction of a successor
Trustee. 
 Section 8.5 Trustee Fees and Expenses; Indemnity. (a) The Issuer covenants and agrees to pay to the
Trustee and each Authorized Agent from time to time, and the Trustee and each Authorized Agent shall be entitled to, compensation as agreed in writing between the Issuer and the Trustee and the Issuer and such Authorized Agent, as applicable, from
time to time (which compensation shall not be limited by any provision of Applicable Law in regard to the compensation of a trustee of an express trust). 

(b)    The Issuer covenants and agrees to pay or reimburse, or cause the payment or reimbursement of, the
Trustee and each Authorized Agent, upon its request, for all duly documented expenses, disbursements and advances reasonably incurred or made by or on behalf of it in accordance with this Indenture (including the compensation of, reasonable
documented expenses and disbursements of its counsel and of all agents and other Persons not regularly in its employ), except any such expense, disbursement or advance as may arise from its own gross negligence or willful misconduct as conclusively
determined in a court of competent jurisdiction in a final, non-appealable order. 

(c)    The Issuer and each Guarantor shall, jointly and severally, indemnify each of the Trustee, each
Authorized Agent and each of their respective officers, employees, directors and agents for, and shall hold each of them harmless against, any and all loss, damage, claim, liability or expense, including taxes (other than taxes based upon, measured
by or determined by the income of such Person) and the compensation of, reasonable documented expenses and disbursements of its counsel and of all agents and other Persons not regularly in its employ, arising out of or in connection with this
Indenture, the Notes or any Note Guarantee, and the transactions contemplated thereby, including the acceptance or administration of the trust and the performance of its duties and/or the exercise of its rights hereunder, including the costs and
expenses of defending itself against any claim, including the compensation of reasonably documented expenses and disbursements of counsel (whether asserted by the Issuer, or any Holder or any other Person) or liability in connection with the
exercise or performance of any of its powers, rights or duties hereunder or thereunder, except to the extent that such loss, damage, claim, liability or expense is due to its own gross negligence or willful misconduct as conclusively determined in a
court of competent jurisdiction in a final, non-appealable order. 

  
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 (d)    In addition to and without prejudice to its other
rights hereunder, when the Trustee incurs expenses or renders services in connection with any Event of Default, the expenses (including the compensation of, duly documented reasonable expenses of and disbursements by its counsel) and the
compensation for its services are intended to constitute expenses of administration under any applicable United States federal or state or non-U.S. bankruptcy, insolvency or other similar law. 

(e)    To secure the obligations of the Issuer and the Guarantors under this
Section 8.5, the Trustee shall have a first priority Lien (before Holders), may withhold or set-off any amounts due and owing to it under this Section 8.5
from any money or Property held or collected by the Trustee in its capacity as Trustee, except for such money and Property which is held in trust to pay the principal of (and premium, if any), or interest, on particular Notes. 

(f)    “Trustee” for purposes of this Section 8.5 shall include any
predecessor Trustee; provided, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 

(g)    The provisions of this Section 8.5 shall survive the termination of this
Indenture or payment of the Notes and the resignation or removal of the Trustee and/or any Authorized Agent. 

(h)    The fees and expenses of the Trustee’s counsel in connection with review of this Indenture and
issuance of Notes shall be due and payable on the Closing Date. 
 Section 8.6 Documents Furnished to the Holders.
(a) Promptly following its receipt thereof, the Trustee shall, at the cost of the Issuer, in the manner provided for in Section 10.5, furnish to each applicable Holder who so requests in writing in
accordance with this Section 8.6, a copy of any material certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal or other paper or document it receives from the
Issuer pursuant to this Indenture, the Notes or any Note Guarantee to be furnished to the Trustee. Upon the Trustee’s receipt from any Holder of a written request containing: (i) a certificate that such Person is a Holder (together with
documentary evidence of same) and (ii) an address for delivery, the Trustee shall deliver to such Holder a copy of any such certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, appraisal or other paper
or document promptly after its receipt thereof. 
 (b)    As promptly as practicable after, and in any
event within ninety (90) days after the receipt by the Trustee of written notice or its Actual Knowledge (with respect to a payment default) of any Event of Default with respect to any Note (or an event that would be a Default with respect to
any Note with the expiration of any applicable grace period, giving of notice or both), the Trustee shall, subject to 
Section 8.1(e)(v), deliver notice of such Event of Default to all Holders of outstanding Notes in
accordance with Section 10.5. 
 Section 8.7 Merger, Conversion, Consolidation and Succession.
Any Person or other entity into which the Trustee may be merged or converted or with which it may be consolidated, or any Person or other entity resulting from any merger, conversion or consolidation to which the

  
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Trustee shall be a party, or any Person or other entity succeeding to all or substantially all of the corporate trust business of the Trustee (including this transaction), shall be the successor
of the Trustee hereunder (provided that such corporation or other entity shall be otherwise qualified and eligible hereunder) without the execution or filing of any paper or any further action on the part of any of the parties hereto. If any
Notes shall have been authenticated but not delivered by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with the
same effect as if such successor Trustee had itself authenticated such Notes. 
 Section 8.8 Money Held in Trust.
Money held by the Trustee hereunder shall be held by it in trust for the Holders but need not be segregated from other funds, except as provided in Section 6.3. The Trustee shall not have any personal liability for
interest upon or investment of any such monies unless agreed to in writing. 
 Section 8.9 No Action Except under Specified
Documents or Instructions. The Trustee shall not manage, control, use, sell, dispose of or otherwise deal with any part of the Issuer’s Property (excluding any Notes) except (a) in accordance with the powers granted to and
the authority conferred upon the Trustee pursuant to this Indenture and the Notes and (b) in accordance with any document or instruction delivered to the Trustee pursuant hereto. 

Section 8.10 Not Acting in its Individual Capacity. Except as provided in this Article VIII, in accepting the
trusts hereby created, the entity acting as Trustee acts solely as Trustee hereunder and not in its individual capacity and, except as provided in this Article VIII, all Persons having any claim against the Trustee by reason of the
transactions contemplated by this Indenture or any Note shall look only to the Issuer for payment or satisfaction thereof. 

Section 8.11 Maintenance of Agencies. (a) The Issuer shall at all times maintain an office or agency where
Notes may be presented or surrendered for registration of transfer or for exchange and for payment thereof and where notices and demands to or upon the Issuer (other than the type contemplated by Section 10.9) in respect of
the Notes and/or this Indenture may be served. Such offices or agencies shall be initially at the Corporate Trust Office. Written notice of any change of location thereof shall be given by the Issuer to the Holders in accordance with
Section 10.5. In the event that no such notice of location or of change of location shall be given, presentations and demands may be made and notices may be served at the Corporate Trust Office. 

(b)    The Issuer hereby initially appoints The Bank of New York Mellon, at its Corporate Trust Office, as
the Trustee hereunder and The Bank of New York Mellon hereby accepts such appointment. The Trustee will have the powers and authority granted to and conferred upon it in the Notes and hereby and such further powers and authority to act on behalf of
the Issuer as may be mutually agreed upon by the Issuer and the Trustee, and the Trustee will keep a copy of this Indenture available for inspection during normal business hours at its Corporate Trust Office. 

(c)    The Issuer has initially appointed DTC to act as depository with respect to the Global Notes. 

  
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 (d)    The Issuer hereby initially appoints the Trustee
as Registrar, Transfer Agent and Paying Agent for the Notes. 
 (e)    Any Person or other entity into
which any Authorized Agent (other than the Trustee, matters with respect to which are specified in Section 8.3) may be merged or converted or with which it may be consolidated, or any corporation or other entity resulting
from any merger, consolidation or conversion to which any Authorized Agent shall be a party, or any corporation or other entity succeeding to all or substantially all of the corporate trust business of any Authorized Agent, shall be the successor of
such Authorized Agent hereunder, if such successor corporation is otherwise eligible under this Section 8.11, without the execution or filing of any document or any further act on the part of the parties hereto or such
Authorized Agent or such successor corporation or other entity. 
 (f)    Any Authorized Agent (other
than the Trustee, matters with respect to which are specified in Section 8.3(a)) may at any time resign by giving thirty (30) days’ written notice of resignation to the Trustee and the Issuer. The Issuer may, and
at the request of the Required Holders shall, at any time terminate the agency of any Authorized Agent (other than the Trustee, matters with respect to which are specified in Section 8.3) by giving written notice of
termination to such Authorized Agent and to the Trustee. Upon the resignation or termination of an Authorized Agent or in case at any time any such Authorized Agent shall cease to be eligible under this Section 8.11 (when,
in either case, no other Authorized Agent performing the functions of such Authorized Agent shall have been appointed by the Issuer), the Issuer shall promptly appoint one or more qualified successor Authorized Agents to perform the functions of the
Authorized Agent that has resigned or whose agency has been terminated or who shall have ceased to be eligible under this Section 8.11. If within sixty (60) days no successor Authorized Agent is appointed, the Issuer,
the Authorized Agent or the Required Holders may request, at the expense of the Issuer, a court of competent jurisdiction to make such appointments. The Authorized Agent’s right to petition such a court commences thirty (30) days after the
notice of resignation. The Issuer shall give written notice of any such appointment made by it to the Trustee and to all applicable Holders in accordance with Section 10.5. 

Section 8.12 Withholding Taxes; Information Reporting. The Trustee shall comply with all backup withholding tax and
information reporting requirements that it is required to comply with under United States law (including the Code and the United States Treasury regulations issued thereunder) in respect of any payment on, or in respect of, the Notes. In order to
assist the Trustee with its compliance with Sections 1471 through 1474 of the Code and the rules and regulations thereunder (as in effect from time to time, collectively, the “Applicable Tax Law”), each of the Issuer and the
Guarantors agrees (i) to provide the Trustee and any other Authorized Agent reasonably available information collected and stored in the Issuer’s ordinary course of business regarding Holders of the Notes (solely in their capacity as such)
and which is necessary for the Trustee’s and any Authorized Agent’s determination of whether it has tax related obligations under Applicable Tax Law and (ii) that the Trustee and any Authorized Agent shall be entitled to make any
withholding or deduction from payments under this Indenture, the Notes or any Note Guarantee to the extent necessary to comply with Applicable Tax Law. Nothing in the immediately preceding sentence shall be construed as obligating the Issuer to make
any “gross up” payment or similar reimbursement in connection with a payment in respect of which amounts are so withheld 

  
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or deducted. In order to comply with certification, identification, information, documentation or other reporting requirements, the Holders shall be required to provide the Trustee with all
reasonably requested forms (including Internal Revenue Service Forms W-8BEN, W-8BEN-E,
W-8IMY, W-8ECI, W-8EXP, W-9 and other applicable forms). 

Section 8.13 Co-Trustees and Separate Trustees. (a) Notwithstanding any
other provisions of this Indenture, at any time for the purpose of meeting any legal requirement of any jurisdiction, the Trustee shall have the power and may execute and deliver all instruments necessary to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, and to vest in such Person or Persons, in such capacity and for the benefit of the Holders, subject to the
other provisions of this Section 8.13, such powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable; provided, however, that, prior to an Event of Default, no co-trustee, co-trustees, separate trustee or separate trustees shall be appointed without the prior written consent of the Issuer, which consent shall not to be unreasonably
withheld. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 8.3 hereof and the Trustee shall, at the expense of the
Issuer, provide prompt notice to Holders of the appointment of any co-trustee or separate trustee. 

(b)    Every separate trustee and co-trustee shall, to the extent
permitted by law, be appointed and act subject to the following provisions and conditions: 
 (i)    all
rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee or co-trustee jointly (it
being understood that such separate trustee or co-trustee is not authorized to act separately without the Trustee joining in such act), except to the extent that under any law of any jurisdiction in which any
particular act or acts are to be performed the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations shall be exercised and performed singly by such separate trustee or co-trustee, but solely at the direction of the Trustee; 

(ii)    neither the Trustee nor any co-trustee or separate trustee
hereunder shall be personally liable by reason of any act or omission of any other trustee, co-trustee or separate trustee hereunder; and 

(iii)    the Trustee may at any time accept the resignation of or remove any separate trustee or co-trustee. 
 (c)    Any notice, request or other writing given to the
Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this indenture and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred,
shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Indenture, specifically including every
provision of this Indenture relating to the conduct of, affecting the liability of, or affording protection or rights (including the right to compensation, reimbursement and indemnification hereunder) to, the Trustee. Every such instrument shall be
filed with the Trustee. 

  
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 ARTICLE IX 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 9.1    Without Consent of the Holders. This Indenture, the Notes or any Note Guarantee
may be amended by the Issuer, the Parent Guarantor, the Subsidiary Guarantors, and the Trustee, as the case may be, without the consent of any Holder, to: 

(a)    cure any ambiguity, or to correct or supplement any provision in this Indenture or the Notes that
may be defective or inconsistent with any other provision in this Indenture or the Notes; 
 (b)    add
to the Issuer’s and the Parent Guarantor’s covenants and those of any other obligor of the Notes for the benefit of the Holders or to surrender any right or power conferred upon the Issuer or any other obligor of the Notes, as applicable,
in this Indenture or in the Notes for the benefit of the Holders of the Notes; 
 (c)    comply with the
provisions described under Section 4.3; 
 (d)    evidence and provide for the
acceptance of appointment by a successor Trustee; 
 (e)    add any Guarantor or any Note Guarantee or
release any Guarantor from any Note Guarantee as provided or permitted by the terms of this Indenture; 

(f)    provide for the issuance of Additional Notes in accordance with the limitations set forth in this
Indenture; 
 (g)    in any other case where a supplemental indenture to this Indenture is expressly
required or permitted to be entered into pursuant to the provisions of this Indenture without the consent of any Holder; 

(h)    secure the obligations of the Issuer, the Parent Guarantor and the Subsidiary Guarantors under this
Indenture, the Notes and the Note Guarantees; 
 (i)    effect any changes to this Indenture and/or the
Notes in a manner necessary to comply with the procedures of DTC; or 
 (j)    make any other change that
does not materially and adversely affect the rights of the Holders. 
 Section 9.2    With Consent of the
Holders. (a) Except as provided in this Section 9.2(a) and Section 9.2(b)(ii), amendments of this Indenture, the Notes or any Note Guarantee may be made by the Issuer, the
Parent Guarantor, the Subsidiary Guarantors and the Trustee, as the case may be, with the consent of the Holders of not less than a majority in aggregate principal amount 

  
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of the outstanding Notes, and the Holders of a majority in principal amount of the outstanding Notes may waive future compliance by the Issuer, the Parent Guarantor or any Subsidiary Guarantor
with any provision of this Indenture, the Notes or any Note Guarantee; provided that no such modification or amendment may, without the consent of each Holder directly and adversely affected thereby: 

(i)    change the Stated Maturity of the principal of, or any installment of interest on, any Note; 

(ii)    reduce the principal amount of, or premium, if any, or stated rate of interest on, any Note; 

(iii)    change the currency of payment of principal of, or premium, if any, or interest on, any Note;

 (iv)    impair the right to institute suit for the enforcement of any payment on or after the Stated
Maturity (or, in the case of a redemption, on or after the Redemption Date) of any Note or Note Guarantee; 

(v)    reduce the above-stated percentage of outstanding Notes the consent of whose Holders is necessary
to modify or amend this Indenture, the Notes or any Note Guarantee; 
 (vi)    waive a default in the
payment of principal of, premium, if any, or interest on the Notes; 
 (vii)    release the Parent
Guarantee, except as provided in this Indenture; 
 (viii)    reduce the percentage or aggregate
principal amount of outstanding Notes the consent of whose Holders is necessary for waiver of compliance with certain provisions of this Indenture or for waiver of certain Defaults; or 

(ix)    change or extend the Redemption Date or reduce the stated redemption price of the Notes from that
stated in Section 3.3 or Section 3.4. 

(b)    (i)    The Issuer’s or the Parent Guarantor’s obligation to make a
Change of Control Offer may be waived or modified with the written consent of Holders of at least a majority in aggregate principal amount of Notes then outstanding. 

(ii)    In addition, any amendment to, or waiver of, the provisions of this Indenture, the Notes or any Note Guarantee that
releases any Subsidiary Guarantee shall require the consent of the Holders of at least 75% in aggregate principal amount of the Notes then outstanding, except as provided in this Indenture. 

Section 9.3 Effect of Indenture Supplements. (a) Upon the effectiveness of any amendment, supplement or waiver
in accordance with this Article IX, this Indenture, the Note(s) and any Note Guarantee affected thereby shall be and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights,
obligations, duties and 

  
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immunities under this Indenture of the Trustee, the Holders affected thereby, the Issuer and the Guarantors shall thereafter be determined, exercised and enforced hereunder subject in all
respects to such modifications, amendments and waivers. 
 (b)    After an amendment, supplement or
waiver becomes effective, it shall bind every Holder. 
 Section 9.4 Documents to be Given to the Trustee. Before
the execution thereof, the Trustee shall receive, in addition to the documents required by Section 10.10, one or more Officers’ Certificates of the Issuer and one or more Opinion(s) of Counsel each stating and as
conclusive evidence that any amendment, supplement or waiver complies with the applicable provisions of this Indenture and any conditions relating thereto and is the legal, valid and binding obligation of the Issuer and the Guarantors enforceable in
accordance with its terms. 
 Section 9.5 Notation on or Exchange of Notes. If an amendment, supplement or waiver
changes the terms of a Note, the Trustee may require the Holder to deliver such Note to the Trustee. At the Issuer’s expense, the Trustee may place an appropriate notation on the Note about the changed terms and return it to the Holder and the
Trustee may place an appropriate notation on any Note thereafter authenticated. Alternatively, if the Issuer or the Trustee so determines, the Issuer in exchange for the Note shall issue and, upon receipt of an Authentication Order, the Trustee
shall authenticate a Note that reflects the changed terms. Any failure to make the appropriate notation or to issue a Note shall not affect the validity of such amendment, supplement or waiver. 

Section 9.6 Consents; Meetings of Holders. Whenever in this Indenture it is provided that the Holders of a specified
percentage or a majority in aggregate principal amount of the outstanding Notes may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the
time of taking any such action the Holders of such specified percentage or majority have joined therein may be evidenced by (a) any instrument or any number of instruments of similar tenor executed by Holders in person, by an agent or by a
proxy appointed in writing, including through an electronic system for tabulating consents operated by DTC or otherwise (such action becoming effective, except as herein otherwise expressly provided, when such instruments or evidence of electronic
consents are delivered to the Trustee and, where it is hereby expressly required, to the Issuer), or (b) by the record of the Holders voting in favor thereof at any meeting of Holders duly called and held in accordance with the provisions of
this Section 9.6, or (c) by a combination of such instrument or instruments and any such record of such a meeting of Holders. The Trustee or the Issuer shall, upon the request of Holders holding not less than 10% in
aggregate principal amount of the Notes then outstanding, or the Issuer or the Trustee may, at its respective discretion, call a meeting of Holders at any time and from time to time to make, give or take any request, demand, authorization,
direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by such Holders to be held at such time and at such place as the Trustee or the Issuer shall reasonably determine. Notice of every meeting of
the Holders, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, at the expense of the Issuer, by the Issuer or the Trustee to each applicable Holder not less
than ten (10) nor more than sixty (60) days before the date fixed for the meeting. In case at any time the Issuer or Holders holding at least 10% of the Notes then outstanding shall have requested

  
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the Trustee to call a meeting of the Holders for any purpose, by written request setting forth in reasonable detail the action proposed to be taken at such meeting, the Trustee shall call such a
meeting for such purposes by giving notice thereof to the Holders in accordance with such written request. 

(a)    To be entitled to vote at any meeting of Holders, a Person shall be a Holder or a Person duly
appointed by an instrument in writing as proxy for a Holder. The quorum at any meeting of Holders called to adopt a resolution shall be Holders holding greater than 50% in aggregate principal amount of the Notes then outstanding. Any instrument
given by or on behalf of any Holder in connection with any consent to any modification, amendment or waiver shall be irrevocable once given and shall be conclusive and binding on all subsequent Holders of such Note. Any action taken at a duly called
and held meeting of any Holders shall be conclusive and binding on all Holders, whether or not they gave consent or were present at the meeting; provided that no such modifications, amendments or waivers, without consent of each Holder of an
outstanding Note, shall affect any of the items included in clauses (i) through (ix) of Section 9.2(a). The Trustee may make such reasonable and customary regulations as it shall deem advisable for any
meeting of Holders. A record of the proceedings of each meeting of Holders shall be prepared by the party calling the meeting and a copy thereof shall be delivered to the Issuer and the Trustee. 

Section 9.7 Voting by the Issuer and Any Affiliates Thereof. A Note does not cease to be outstanding because the Issuer,
the Parent Guarantor or any Affiliate of the Parent Guarantor or the Issuer holds the Note, provided that in determining whether the Holders of the requisite amount of outstanding Notes have given any request, demand, authorization, direction,
notice, consent or waiver under this Indenture, Notes owned by the Issuer, the Parent Guarantor or any Affiliate of the Issuer or the Parent Guarantor shall be disregarded and deemed not to be outstanding, except that, for the purpose of determining
whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver, only Notes which a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. Notes so
owned that have been pledged in good faith may be regarded as outstanding if the pledgee establishes that the pledgee’s right to act with respect to such Notes and that the pledgee is not the Issuer, the Parent Guarantor or an Affiliate of the
Issuer or the Parent Guarantor. 
 ARTICLE X 

MISCELLANEOUS 

Section 10.1 Payments; Currency Indemnity. (a) Except to the extent otherwise stated herein, each payment to be
made hereunder or on any Note or any Note Guarantee shall be made on the required payment date in Dollars and in immediately available funds in accordance with Section 2.10. 

(b)    Except to the extent otherwise stated, Dollars are the sole currency of payment for all sums payable
under or in connection with this Indenture, any Note or any Note Guarantee, including with respect to indemnities. Any amount received or recovered in a currency other than Dollars (whether as a result of, or of the enforcement of, a judgment,
decree or order of a court of any jurisdiction, in the winding-up or dissolution of the Issuer or 

  
 85 

 
otherwise) in respect of any sum expressed to be due on the Notes, on any Note Guarantee and/or under this Indenture shall only constitute a discharge of such obligation to the extent of the
amount of Dollars that the payee of such amounts due is able to purchase in accordance with normal banking or other normal currency exchange procedures with the amount so received or recovered in that other currency on the date of that receipt or
recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to do so). If such amount of Dollars is more than the amount expressed to be due on the Notes, on any Note Guarantee and/or under
this Indenture, if applicable, then the payee shall reimburse such excess to the payor. If such amount of Dollars is less than the amount expressed to be due on the Notes, on any Note Guarantee and/or under this Indenture, if applicable, then the
payor shall indemnify the payee of such amounts against any loss sustained by it as a result. In any event, the payor shall indemnify the payee of such amounts against the cost of making any such purchase. For the purposes of this
Section 10.1(b), in the event the payee finds it impracticable to make a purchase on the date it receives the payment in a currency other than in Dollars, it will be sufficient for the payee of such amounts to certify in a
reasonable manner (indicating the sources of information used) that it would have suffered a loss had an actual purchase of Dollars been made with the amount so received in such other currency on the date of receipt or recovery. These indemnities
constitute a separate and independent obligation from the other obligations hereunder, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by such payee and shall continue in full force
and effect despite any other judgment, order, claim or proof for a liquidated amount in respect of any amount due hereunder or under any Note, any Note Guarantee and/or under this Indenture. 

Section 10.2 Governing Law. THIS INDENTURE, THE NOTES AND EACH NOTE GUARANTEE WILL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 10.3 No Waiver; Cumulative Remedies. No failure
to exercise and no delay in exercising, on the part of any Person, any right, remedy, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights, remedies, powers and
privileges provided by Applicable Law. 
 Section 10.4 Severability. Any provision of this Indenture or any Note
that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or thereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

  
 86 

 Section 10.5 Notices. (a) All notices, instructions, directions,
requests and demands delivered in connection herewith shall be in English and shall be in writing (including by fax and electronic transmission in PDF format) and, unless otherwise expressly provided herein, shall be deemed to have been duly given
or made when received (including by courier), addressed as follows in the case of the Trustee, the Issuer and any Guarantor: 
  

			
	 If to the Trustee:
	  	 THE BANK OF NEW YORK MELLON

		  	 240 Greenwich Street, Floor 7 East

		  	   New York, New York 10286

	 Fax:
	  	 (212) 815-2830

	 Attention:
	  	 Corporate Trust/ Re: Camposol S.A.

		
	 If to the Issuer or
	  	
	 the Guarantors:
	  	CAMPOSOL S.A.
		  	 Av. El Derby 250 El Derby de Monterrico

		  	 Santiago de Surco

		  	 Lima 13, Perú

		
	 Fax:
	  	+511 475-0789
	 Attention:
	  	 Andrés Colichon (CFO)

		  	 e-mail: acolichon@camposol.com.pe

		  	 and to

		  	   Milagritos Olivero (Controller)

		  	 e-mail: molivero@camposol.com.pe

 (b)    The Issuer, the Guarantors and the Trustee, by notice, may designate
additional or different addresses for subsequent notices or communications. 
 (c)    Any notice or
communication to a Holder shall be deemed to have been duly given (i) in the case of Definitive Notes, upon the mailing of such notice by first class mail to such Holder at its registered address as recorded in the Register not later than the
latest date, and not earlier than the earliest date, prescribed in this Indenture for the giving of such notice and (ii) for so long as the Notes are listed on the Singapore Stock Exchange and the rules of the Singapore Stock Exchange so
require, upon publication in a daily newspaper of general circulation in Singapore, which the Issuer expects to be the Business Times, Singapore Edition, such notices being deemed given on the date of such publication. By “daily
newspaper” the Issuer means a newspaper that is published on each day, other than a Saturday, Sunday or holiday, in Singapore. In the case of Global Notes, notices shall be sent to DTC or its nominees (or any successors), as the Holders
thereof, and DTC will communicate such notices to the DTC Participants in accordance with its standard procedures. Any requirement of notice hereunder may be waived by the Person entitled to such notice before or after such notice is required to be
given, and such waivers shall be filed with the Trustee. 
 (d)    If the Issuer gives a notice or
communication to any Holder, it shall give a copy to the Trustee in advance of sending the notice to the Holder. 

(e)    The Trustee shall promptly furnish the Issuer with a copy of any demand, notice or written
communication received by the Trustee hereunder from any Holder. 
 (f)    The Trustee shall have the
right, but shall not be required, to rely upon and comply with instructions and directions sent by e-mail, facsimile and other similar unsecured electronic methods by persons believed by the Trustee to be
authorized to give instructions and directions on behalf of the relevant Person. The Trustee shall have no duty or obligation to 

  
 87 

 
verify or confirm that the person who sent such instructions or directions is, in fact, a person authorized to give instructions or directions on behalf of such Person; and the Trustee shall have
no liability for any losses, liabilities, costs or expenses incurred or sustained by such Person as a result of such reliance upon or compliance with such instructions or directions. Each other party hereto agrees to assume all risks arising out of
the use of such electronic methods to submit instructions and directions to the Trustee, including the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties. 

Section 10.6 Counterparts. This Indenture may be executed on any number of separate counterparts (including by fax
or electronic delivery in PDF format), and all of such counterparts taken together shall be deemed to constitute one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall
constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their
original signatures for all purposes. 
 Section 10.7 Entire Agreement. This Indenture, including the documents
referred to herein, contains the entire understanding of the parties hereto with respect to the subject matter contained herein, and there are no promises, undertakings, representations or warranties by the parties hereto relative to the subject
matter hereof not expressly specified or referred to herein. 
 Section 10.8 Waiver of Jury Trial. THE PARTIES
HERETO HEREBY IRREVOCABLY, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS INDENTURE, THE NOTES AND ANY NOTE GUARANTEE AND FOR ANY COUNTERCLAIM RELATING
THERETO. EACH PARTY ACKNOWLEDGES THAT THE OTHER PARTIES HERETO ARE ENTERING INTO THIS INDENTURE IN RELIANCE UPON SUCH WAIVER. 

Section 10.9 Submission to Jurisdiction; Waivers; Prescription. (a) Each party to this Indenture or the Notes hereby
irrevocably and unconditionally submits, to the fullest extent permitted by Applicable Law, to the jurisdiction of (i) the United States District Court for the Southern District of New York or of any New York State court (in either case sitting
in Manhattan, New York City) and (ii) the courts of its own corporate domicile, in each case with all applicable courts of appeal therefrom, with respect to actions brought against it as a defendant, for purposes of all legal proceedings
arising out of or relating to this Indenture, the Notes or any Note Guarantee the transactions contemplated hereby or thereby; provided that nothing herein shall be deemed to limit the ability of any Holder, the Trustee or any other Person to bring
suit in any other permissible jurisdiction. Each of the Issuer and the Guarantors hereby irrevocably waives, to the fullest extent permitted by Applicable Law, any objection that it may now or hereafter have to the laying of the venue of any such
proceeding brought in such a court, any claim that any such proceeding brought in such a court has been brought in an inconvenient forum and any objection based on place of residence or domicile. 

(b)    Each of the Issuer and the Parent Guarantor hereby acknowledge that it has irrevocably appointed
Cogency Global Inc., with address at 122 East 42nd Street, 18th Floor, New York, NY 10168, United States, as its authorized agent on which any and all legal process 

  
 88 

 
may be served in any such action, suit or proceeding brought in the United States District Court for the Southern District of New York or in any New York State court (in either case sitting in
Manhattan, New York City) in connection with this Indenture, the Notes or any Note Guarantee. Each of the Issuer and the Parent Guarantor agrees that service of process in respect of it upon such agent, together with written notice of such service
sent to it in the manner provided for in Section 10.5, shall be deemed to be effective service of process upon it in any such action, suit or proceeding. Each of the Issuer and the Parent Guarantor agrees that the failure
of such agent to give notice to it of any such service of process shall not impair or affect the validity of such service or any judgment rendered in any action, suit or proceeding based thereon. If for any reason such agent shall cease to be
available to act as such (including by reason of the failure of such agent to maintain an office in New York City), the Issuer and the Parent Guarantor agrees promptly to designate a new agent in New York City, on the terms and for the purposes of
this Section 10.9. Nothing herein shall in any way be deemed to limit the ability of any Holder, the Trustee or any other Person to serve any such legal process in any other manner permitted by Applicable Law or to obtain
jurisdiction over the Issuer or any Guarantor or bring actions, suits or proceedings against it in such other jurisdictions, and in such manner, as may be permitted by Applicable Law. 

(c)    Each of the Issuer and the Guarantors waives any immunity (including sovereign immunity), to the
fullest extent permitted by Applicable Law, from suit, action, proceeding or jurisdiction to which it might otherwise be entitled in any such suit, action or proceeding in any U.S. federal or New York State court in the Borough of Manhattan, the
City of New York or in any competent court in Peru or Cyprus. 
 Section 10.10 Certificate and Opinion as to Conditions
Precedent. Upon any request or application by the Issuer to the Trustee to take any action under this Indenture, the Issuer will furnish to the Trustee upon request: 

(a)    an Officers’ Certificate (which will include the statements set forth in
Section 10.11 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been satisfied; and 

(b)    an Opinion of Counsel (which will include the statements set forth in
Section 10.11 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been satisfied; provided, however, that no such Opinion of Counsel shall be delivered with
respect to the authentication and delivery of any Notes on the Closing Date. 
 Section 10.11 Statements Required in Certificate
or Opinion. Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture will include: 

(a)    a statement that the Person making such certificate has read such covenant or condition and the
definitions in this Indenture relating thereto; 
 (b)    a brief statement as to the nature and scope of
the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

  
 89 

 (c) a statement that, in the opinion of such Person, he has made such
examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with;
provided that with respect to matters of fact an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public officials. 

Section 10.12 Headings and Table of Contents. Section headings and the table of contents in this Indenture have been
inserted for convenience of reference only and shall in no way restrict or otherwise modify any of the terms or provisions hereof. 

Section 10.13 Use of English Language. All certificates, reports, notices, instructions, and other documents and
communications given or delivered pursuant to this Indenture shall be in the English language or accompanied by a certified English translation thereof. 

Section 10.14 No Recourse Against Others. An incorporator, stockholder, officer, director, employee or controlling person,
as such, of the Issuer shall not have any liability for any obligations of the Issuer under the Notes, this Indenture, or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting interests in a Note,
each Holder waives and releases all such liability. The waiver and release shall be deemed a part of the consideration for the issue of the Notes. 

Section 10.15 Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the USA
Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, are required to obtain, verify, and record information that identifies each person or legal entity that establishes a
relationship or opens an account. Each party to this Indenture agrees that it will provide the Trustee with such information with respect to such party as the Trustee may request in order for the Trustee to satisfy the requirements of the USA
Patriot Act. 
 [signature page follows] 

  
 90 

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

			
	CAMPOSOL S.A.
	as Issuer
		
	By:	 	 /s/ ALVARO CARRASCO BENAVIDES

	Name: Alvaro Carrasco Benavides
	 Title: Legal and Corporate Affairs Manager

		
	By:	 	/s/ MILAGRITOS TATIANA OLIVERO
	Name: Milagritos Tatiana Olivero
	Title: Controller
	
	CSOL HOLDING LTD
	as Parent Guarantor
		
	By:	 	 /s/ ALVARO CARRASCO BENAVIDES

	Name: Alvaro Carrasco Benavides
	Title: Legal and Corporate Affairs Manager
		
	By:	 	 /s/ MILAGRITOS TATIANA OLIVERO

	Name: Milagritos Tatiana Olivero
	Title: Controller

 [Signature Page to Indenture] 

 
			
	THE BANK OF NEW YORK MELLON
	as Trustee, Registrar, Transfer Agent and Paying Agent Parent Guarantor 
		
	By:	 	 /s/ Laurence J. O’Brien

	Name: Laurence J. O’Brien
	Title:   Vice President

 (Signature Page to Indenture) 

 EXHIBIT A 

to Indenture 
 [FORM OF]
FACE OF NOTE 
 CAMPOSOL S.A. 

[RULE 144A GLOBAL NOTE] 

[REGULATION S GLOBAL NOTE] 

[DEFINITIVE NOTE] 

representing 

U.S.$[    ] 

6.000% Senior Notes due 2027 

[Global Notes Legend]* 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR, OR IN LIEU OF, THIS NOTE OR ANY PORTION HEREOF IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO. (OR SUCH OTHER ENTITY), HAS AN INTEREST HEREIN. 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF.
THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITORY OR A NOMINEE THEREOF EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
  
  

	*	 This Global Notes Legend should be included only if the Note is to be held by DTC in global form.

  
 A-1 

 [Rule 144A Global Note Legend] 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY OTHER SECURITIES LAWS. THE HOLDER
HEREOF, BY PURCHASING THIS NOTE, AGREES THAT THIS NOTE OR ANY INTEREST OR PARTICIPATION HEREIN MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (1) TO US, (2) SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A
UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A) IN ACCORDANCE WITH RULE 144A, (3) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE
903 OR 904 OF REGULATION S UNDER THE SECURITIES ACT, (4) PURSUANT TO ANOTHER EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT (IF AVAILABLE) OR (5) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, AND IN EACH
OF SUCH CASES IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER APPLICABLE JURISDICTION. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, REPRESENTS AND AGREES THAT IT WILL NOTIFY ANY PURCHASER OF THIS NOTE FROM
IT OF THE RESALE RESTRICTIONS REFERRED TO ABOVE. 
 THE FOREGOING LEGEND MAY BE REMOVED ONLY AT THE OPTION OF THE ISSUER. 

[Regulation S Global Note Legend] 
 THIS NOTE HAS
NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY OTHER SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, AGREES THAT NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION HEREIN
MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. 

THE FOREGOING LEGEND MAY BE REMOVED FROM THIS NOTE AFTER 40 DAYS BEGINNING ON AND INCLUDING THE LATER OF (A) THE DATE ON WHICH THE NOTES ARE OFFERED TO
PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) AND (B) THE ISSUE DATE OF THIS NOTE. 

  
 A-2 

 CAMPOSOL S.A. 

6.000% Senior Note due 2027 
  

			
	No. [        ]	  	Principal Amount U.S.$ [        ]
		
	Registered Holder: [CEDE & CO.]*	  	 CUSIP No. 134638AE5 and ISIN No. US134638AE501

CUSIP No. P19189AE2 and ISIN No. USP19189AE262

 CAMPOSOL S.A. (the “Issuer”), a corporation (sociedad anónima) organized
under the laws                      of Peru promises to pay to [CEDE & CO.]*, or its
registered assigns, the principal amount of [        ] U.S. Dollars [as revised by the Schedule of Increases and Decreases attached hereto]* on February 3, 2027. 

INTEREST PAYMENT DATES: February 3 and August 3 of each year,
                     commencing on August 3, 2020. 

RECORD DATES: February 1 and August 1 prior to each Interest Payment Date. 

Additional provisions of this Note are set forth on the reverse hereof. 

 
  

	*	 Include only if the Note is to be held by DTC. 

	1 	 CUSIP No. and ISIN No. for Rule 144A Global Note. 

	2 	 CUSIP No. and ISIN No. for Regulation S Global Note. 

	*	 Insert for Global Notes. 

  
 A-3 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be duly executed. 

 

			
	 CAMPOSOL S.A.

		
	 By:
	 	
		 	 Name:

		 	 Title:

 TRUSTEE’S CERTIFICATE OF 

AUTHENTICATION 
 This is one of the Notes referred to in
the within-mentioned Indenture. 
 Dated: February 3, 2020 

THE BANK OF NEW YORK MELLON, as Trustee 
  

			
	 By:
	 	
		 	 Authorized Signatory

  
 A-4 

 [FORM OF] REVERSE OF NOTE 

6.000% Senior Notes due 2027 

Principal and Interest 
 The Issuer
promises to pay the principal of this Note on February 3, 2027. 
 The Issuer promises to pay interest on the principal amount of this
Note at the rate of 6.000% per annum. 
 The Notes will bear interest at from the Issue Date or from the most recent interest payment date
to which interest has been paid or duly provided for, payable semiannually in arrears on February 3 and August 3 of each year (each, an “Interest Payment Date”), commencing August 3, 2020. Interest on the Notes will
accrue from the Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for. 
 Interest
will be paid to Holders of record at the close of business on February 1 and August 1 immediately preceding an Interest Payment Date whether or not a Business Day (a “Record Date”), notwithstanding any transfer, exchange
or cancellation thereof after a Record Date and prior to the immediately following Interest Payment Date. In any case in which the date of the payment of principal of, premium, if any, or interest on the Notes (including any payment to be made on
any date fixed for redemption or purchase of any Note) is not a Business Day in the relevant place of payment, then payment of principal, premium, if any, or interest need not be made in such place on such date but may be made on the next succeeding
Business Day in such place. Any payment made on such Business Day will have the same force and effect as if made on the date on which such payment is due, and no interest on the Notes will accrue for the period after such date. Interest on the Notes
will be calculated on the basis of a 360-day year comprised of twelve 30-day months. 

Method of Payment 
 All payments on the
Notes will be made in U.S. dollars. The Issuer will pay the principal of, premium, if any, Additional Amounts and interest on the Notes on the dates and in the manner provided herein and in the Indenture. 

All payments on Definitive Notes will be made at the office or agency of the Issuer maintained for that purpose in the Borough of Manhattan,
The City of New York (which initially will be the Corporate Trust Office of the Trustee), and the Notes may be presented for registration of transfer or exchange at such office or agency; provided that, at the option of the Issuer, payment of
interest with respect to Definitive Notes may be made by check mailed to the address of the Holders as such address appears in the Register; provided further that payments on the Notes held in global form will be made to DTC in accordance
with its Applicable Procedures. 
 Trustee, Registrar, Transfer Agent and Paying Agent; Indenture 

Initially, The Bank of New York Mellon (the “Trustee”), will act as Trustee, registrar, transfer agent and paying agent. Upon
any issuance of Definitive Notes, the Issuer will appoint 

  
 A-5 

 
and maintain a Paying Agent in Singapore. The Issuer will maintain such agency so long as the Notes are listed on the Singapore Stock Exchange and the rules of such exchange so require. Indenture

 The Issuer issued the Notes under an Indenture, dated as of February 3, 2020 (as it may be amended or supplemented from time to time
in accordance with the terms thereof, the “Indenture”), among the Issuer, Csol Holding LTD, as Parent Guarantor, and the Trustee. The Indenture imposes certain limitations on the Issuer and its Restricted Subsidiaries. This Note is
one of the Notes referred to in the Indenture. The terms of the Notes include those stated in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture for a statement of those terms. The Notes are senior
obligations of the Issuer initially limited to U.S.$350,000,000 aggregate principal amount. Each Holder, by accepting a Note, agrees to be bound by all of the terms and provisions of the Indenture. If any term or provision contained in the Notes
shall conflict with or be inconsistent with any term or provision contained in the Indenture, then the terms and provisions of the Indenture shall govern with respect to the Notes. Capitalized terms used herein and not defined herein have the
meanings ascribed thereto in the Indenture. 
 Optional Redemption 

At any time prior to February 3, 2024 the Issuer may at its option redeem the Notes, in whole or in part, at a redemption price equal to
100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the Redemption Date (a “Make-Whole Redemption”). The Issuer will give not less than thirty
(30) days’ or more than sixty (60) days’ notice of any Make-Whole Redemption. 
 At any time and from time to time prior
to February 3, 2023, the Issuer may redeem up to 40% of the aggregate principal amount of the Notes with the Net Cash Proceeds of one or more sales of Common Stock of the Parent Guarantor or the Issuer in an Equity Offering at a redemption
price of 106.000% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to (but not including) the Redemption Date (an “Equity Claw-Back Redemption”); provided that at least 60% of the aggregate principal
amount of the Notes originally issued on the Issue Date remains outstanding after each such redemption and any such redemption takes place within sixty (60) days after the closing of the related Equity Offering. 

The Issuer will give not less than thirty (30) days’ nor more than sixty (60) days’ notice of any Equity Claw-Back
Redemption. 
 At any time and from time to time on or after February 3, 2024, the Issuer may redeem the Notes, in whole or in part, at
a redemption price equal to the percentage of principal amount set forth below plus accrued and unpaid interest, if any, to (but not including) the Redemption Date if redeemed during the twelve-month period beginning on February 3 of the years
indicated below. 
  

					
	 Year
	  	Percentage	 
	 2024
	  	 	103.000	% 
	 2025
	  	 	101.500	% 
	 2026 and thereafter
	  	 	100.000	% 

  
 A-6 

 The Issuer will give not less than thirty (30) days’ nor more than sixty
(60) days’ notice to the Holders of any redemption pursuant to the preceding paragraph. 
 In the event not all of the Notes are
to be redeemed, the Notes will be selected for redemption pro rata, by lot or by such other method as the Trustee in its sole discretion shall deem to be fair and appropriate, subject to, in the case of Notes held in global form, the Applicable
Procedures of DTC. A Note of U.S.$150,000 in principal amount or less shall not be redeemed in part. If any Note is to be redeemed in part only, the notice of redemption relating to such Note will state the portion of the principal amount to be
redeemed. A Note in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note. 
 On and after
the Redemption Date, interest will cease to accrue on Notes or portions thereof called for redemption unless the Issuer defaults in the payment of the applicable redemption price. 

Optional Tax Redemption 
 The Notes may be
redeemed, at the option of the Issuer, as a whole but not in part, upon giving not less than thirty (30) days’ nor more than sixty (60) days’ notice to the Holders (which notice will be irrevocable), at a redemption price equal
to 100% of the principal amount thereof, together with accrued and unpaid interest (including any Additional Amounts), if any, to (but excluding) the Redemption Date if, as a result of: 

(1)    any change in, or amendment to, the laws (or any regulations or rulings promulgated thereunder) of a
Relevant Jurisdiction affecting taxation; or 
 (2)    any change in, or amendment to, the official
application or interpretation of such laws, regulations or rulings (including, without limitation, a holding, judgment or order by a court of competent jurisdiction or other Governmental Authority), 

which change or amendment becomes effective (i) with respect to the Issuer or any applicable Guarantor, on or after the Issue Date and
(ii) with respect to any successor of the Issuer or any applicable Guarantor, wherein any successor assumes the obligations of the Notes or any Note Guarantee, as the case may be, and the Indenture following a merger, consolidation or transfer,
lease or conveyance of substantially all of the predecessor’s assets (each a “Surviving Person”), on or after the day such Surviving Person becomes a Surviving Person, with respect to any payment due or to become due under the
Notes, the Indenture or any Note Guarantee, and the Issuer or any applicable Guarantor, as the case may be, is, or on the next Interest Payment Date would be, required to pay Additional Amounts with respect to taxes of Peru or Cyprus at a rate in
excess of 30% and such requirement cannot be avoided by the Issuer or any applicable Guarantor, as the case may be, taking reasonable measures available to it; provided that for the avoidance of 

  
 A-7 

 
doubt changing the jurisdiction of the Issuer or any applicable Guarantor is not a reasonable measure for the purposes of this paragraph; and provided further that no such notice of redemption
will be given earlier than 30 days prior to the earliest date on which the Issuer or any applicable Guarantor, as the case may be, would be obligated to pay such Additional Amounts if a payment in respect of the Notes or such Note Guarantee were
then due. 
 Prior to giving any notice of redemption of the Notes pursuant to the foregoing, the Issuer or any applicable Guarantor, as the
case may be, will deliver to the Trustee: 
 (1) an Officers’ Certificate stating that such change or amendment referred
to in the prior paragraph has occurred, and describing the facts related thereto and stating that such requirement cannot be avoided by the Issuer or any applicable Guarantor, as the case may be, taking reasonable measures available to it; and 

(2) an Opinion of Counsel or an opinion of a tax consultant, each of recognized standing with respect to tax matters in the
Relevant Jurisdiction, as the case may be, stating that the requirement to pay such Additional Amounts results from such change or amendment referred to in the prior paragraph. 

Such certificate and opinion shall constitute sufficient evidence of the satisfaction of the conditions precedent described above, in which
event it will be conclusive and binding on the Holders. The notice of redemption, once delivered to the Holders, will be irrevocable. 
 Denominations;
Transfer; Exchange 
 Any Notes sold outside the United States to non-U.S. Persons in reliance on
Regulation S will be issued in fully registered form without interest coupons attached and only in denominations of U.S.$150,000 and in integral multiples of U.S.$1,000 in excess thereof. Any Notes sold pursuant to Rule 144A will be issued in fully
registered form without interest coupons attached and only in denominations of U.S.$150,000 and integral multiples of U.S.$1,000 in excess thereof. No service charge will be made for any registration of transfer or exchange of Notes, but the Trustee
may require payment of a sum sufficient to cover any tax or other government charge payable in connection therewith. The Notes (or beneficial interests therein) may not be transferred unless the principal amount so transferred is in an authorized
denomination. 

                          
      Persons Deemed Owners 
 The registered Holder of this Note may be treated as the owner of this Note
for all purposes. Unclaimed Money 
 Any monies deposited with or paid to the Trustee for the payment of the principal, premium or
Additional Amounts (if any), interest or any other amount due with respect to any Note and not applied but remaining unclaimed for two years after the date upon which such principal, premium or Additional Amounts (if any), interest or other amount
shall have become due and payable, shall (to the extent not required to escheat to any Governmental Authority), upon written demand of the Issuer, be repaid by the Trustee to or for the account of the Issuer, the receipt of such repayment to be
confirmed promptly in writing by or on behalf of the Issuer, and, to the extent permitted by 

  
 A-8 

 
Applicable Law, the Person claiming such payment of principal, premium or Additional Amounts (if any), interest or any other amount shall thereafter look only to the Issuer for any related
payment that it may be entitled to receive, and all liability of the Trustee with respect to such monies shall thereupon cease. 
 Prescription 

Claims against the Issuer, the Parent Guarantor or any Subsidiary Guarantor for the payment of principal or interest and Additional Amounts in
respect of the Notes or any Note Guarantee, as the case may be, will be prescribed unless made within six years of the due date for payment of such principal or interest and Additional Amounts. 

                        
Defeasance 
 Subject to certain conditions set forth in the Indenture, the Issuer at any time may terminate certain of its obligations
under the Notes and the Indenture if the Issuer deposits with the Trustee money and/or U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be. 

Amendment, Waiver 
 Subject to certain
exceptions set forth in the Indenture, (i) amendments of the Indenture, the Notes, or the Note Guarantees may be made by the Issuer, the Parent Guarantor, the Subsidiary Guarantors and the Trustee, as the case may be, with the consent of the
Holders of not less than a majority in aggregate principal amount of the outstanding Notes, and (ii) the Holders of a majority in principal amount of the outstanding Notes may waive future compliance by the Issuer or any Guarantor with any
provision of the Indenture, the Notes or any Note Guarantee. 
 Subject to certain exceptions set forth in the Indenture, without the
consent of any Holder, the Issuer and the Trustee may, among other amendments set forth in the Indenture, amend the Indenture to cure any ambiguity, omission, defect or inconsistency, or to add Guarantees with respect to the Notes or to provide
additional rights or benefits to the Holders or to make any change that does not adversely affect the rights of any Holder. 
 Defaults and Remedies

 If an Event of Default (other than an Event of Default specified in clause (h) or (i) of
Section 5.1 of the Indenture) occurs and is continuing under the Indenture, the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes, then outstanding, by written notice to the Issuer (and to
the Trustee if such notice is given by the Holders), may, and the Trustee at the request of such Holders will, declare the principal of, premium, if any, and accrued and unpaid interest on the Notes to be immediately due and payable, subject always
to the Trustee having been indemnified and provided security to its satisfaction. Upon a declaration of acceleration, such principal of, premium, if any, and accrued and unpaid interest will be immediately due and payable. If an Event of Default set
forth in clause (f) of Section 5.1 of the Indenture occurs, such Event of Default shall be automatically rescinded and annulled once the event of default triggering such Event of Default is remedied or cured or
is waived by the holders of the relevant Indebtedness; provided, however, that no acceleration of the principal amount of 

  
 A-9 

 
the Notes shall be rescinded or annulled upon the happening of any such events. No such rescission and annulment shall affect any subsequent Event of Default or impair any right consequent
thereto. If an Event of Default specified in clause (h) or (i) of Section 5.1 of the Indenture occurs with respect to the Parent Guarantor, the Issuer or any Subsidiary Guarantor, the principal of,
premium, if any, and accrued and unpaid interest on the Notes then outstanding will automatically become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or the
Notes unless it receives indemnity and security satisfactory to it. Subject to certain limitations, Holders of a majority in aggregate principal amount of the outstanding Notes may direct the Trustee in its exercise of any trust or power. The
Trustee may withhold from Holders notice of any continuing Default or Event of Default (except a Default or Event of Default in payment of principal or interest) if it determines that withholding notice is in their interest. 

                    Authentication 

This Note shall not be valid until an authorized signatory of the Trustee (or an authenticating agent acting on its behalf) manually signs the
certificate of authentication on the other side of this Note. 
 CUSIP and ISIN Numbers 

Pursuant to a recommendation promulgated by the Committee on Uniform Note Identification Procedures the Issuer has caused CUSIP, ISIN and/or
other similar numbers to be printed on the Notes and has directed the Trustee to use such numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as
contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
 Governing Law 

This Note shall be governed by, and construed in accordance with, the laws of the State of New York without giving effect to applicable
principles of conflicts of law to the extent that the application of the law of another jurisdiction would be required thereby. 

                          
      Additional Amounts 
 The Issuer will pay to the Holders such Additional Amounts as may become
payable under Section 2.12 of the Indenture. 
 Conversion of Currency 

Dollars are the sole currency of payment for all sums payable by the Issuer under or in connection with the Indenture, any Note or any Note
Guarantee, including with respect to indemnities. The Issuer has agreed that the provisions of Section 10.1 of the Indenture shall apply to conversion of currency in the case of the Notes and the Indenture. Among other
things, 

  
 A-10 

 
Section 10.1 of the Indenture specifies that any amount received or recovered in a currency other than Dollars (whether as a result of, or of the enforcement of, a
judgment, decree or order of a court of any jurisdiction, in the winding-up or dissolution of the Issuer or otherwise) in respect of any sum expressed to be due on the Notes, on any Note Guarantee, and/or
under the Indenture shall only constitute a discharge of such obligation to the extent of the amount of Dollars that the payee of such amounts due is able to purchase, in accordance with normal banking or other normal currency exchange procedures,
with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to do so). If such amount of
Dollars is more than the amount expressed to be due on the Notes on any Note Guarantee, and/or under the Indenture, if applicable, then the payee shall reimburse such excess to the payor. If such amount of Dollars is less than the amount expressed
to be due on the Notes or under the Indenture, then the payor shall indemnify the payee of such amounts against any loss sustained by it as a result. In any event, the payor shall indemnify the payee of such amounts against the cost of making any
such purchase. 
 Agent for Service; Submission to Jurisdiction; Waiver of Immunities 

The Issuer has irrevocably appointed Cogency Global Inc., with address at 122 East 42nd Street, 18th Floor, New York, NY 10168, United States,
as its authorized agent on which any and all legal process may be served in any such action, suit or proceeding brought in the United States District Court for the Southern District of New York or in any New York State court (in either case sitting
in Manhattan, New York City). 
 Each of the Issuer and the Guarantors waives any immunity (including sovereign immunity), to the fullest
extent permitted by applicable law, from suit, action, proceeding or jurisdiction to which it might otherwise be entitled in any such suit, action or proceeding in any U.S. federal or New York State court in the Borough of Manhattan, the City of New
York or in any competent court in Peru or Cyprus. 
 The Issuer will furnish to any Holder upon written request and without charge to the
Holder a copy of the Indenture which has in it the text of this Note in larger type. 
 Requests may be made to: 

CAMPOSOL S.A. 
 Av. El Derby
250 El Derby de Monterico 
 Lima 13, Perú 

Fax: + 511 475-0789 

  
 A-11 

 NOTATION OF NOTE GUARANTEE 

For value received, the undersigned Guarantor (which term includes any successor Person under the Indenture) has unconditionally Guaranteed,
to the extent set forth in the Indenture dated as of February 3, 2020 (as amended from time to time, the “Indenture”) among the Issuer, the Parent Guarantor, and The Bank of New York Mellon as trustee, registrar, transfer agent
and paying agent, as principal obligor and not merely as a surety, the cash payments in United States Dollars of principal, premium, if any, and interest on this Note (and including premium and Additional Amounts payable thereon, if any) in the
amounts and at the times when due, together with interest on the overdue principal, premium, if any, and interest, if any, on the Notes, if lawful, and the payment or performance of all other obligations of the Issuer under the Indenture and the
Notes, all in accordance with and subject to the terms and conditions of the Notes and the Indenture. 
 The obligations of the Guarantors
to the Holders of the Notes and to the Trustee are expressly set forth in Article VII of the Indenture and reference is hereby made to the Indenture for the precise terms of the Note Guarantee. Capitalized terms used but not defined herein shall
have the meanings ascribed to them in the Indenture. 

  
 A-12 

 IN WITNESS WHEREOF, the undersigned Guarantor has caused this Notation of Note Guarantee to
be duly executed. 
 Dated: 
  

			
	 [         ]

	 as [Parent][Subsidiary] Guarantor

		
	 By:
	 	
		 	 Name:

		 	 Title:

  
 A-13 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

The following increases or decreases in this Global Note have been made: 

 

									
	 Date of
increase/decrease
	  	 Amount of
decrease in
principal amount of this
Global Note
	  	 Amount of
increase in
principal
amount of this
Global Note
	  	 Principal
amount of this
Global Note
following
such decrease
or increase
	  	 Signature of
authorized
officer of
Trustee

	     
	  		  		  		  	
	     
	  		  		  		  	
	     
	  		  		  		  	

  
 A-14 

 [FORM OF] ASSIGNMENT FORM 

To assign this Note, fill in the form below and have your signature guaranteed: (I) or (we) assign and transfer this Note to: 

(Insert assignee’s soc. sec. or tax I.D. no.) 

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

and irrevocably
appoint                                        
                                         
                                         
                                         
                      to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 

 

									
		 		 		  	Your Name:
                                         
                           
	Dated:	 	  
	 		  	(Print your name exactly as it appears on the face of this Note)
				
		 		 		  	Your Signature:
                                         
                     
		 		 		  	(Sign exactly as your name appears on the face of this Note)
				
		 		 		  	Signature Guarantee*:

 [The Transfer Certificates (Exhibits B and C to the Indenture) will be attached to the Note] 

 
  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee) 

  
 A-15 

 [FORM OF] OPTION OF HOLDERS TO ELECT PURCHASE 

If you elect to have this Note purchased by the Issuer pursuant to Section 4.1(g) of the Indenture, check the box:
☐ 
 If you elect to have this Note purchased by the Issuer pursuant to Section 4.4 of the Indenture, check
the box: ☐ 
 If you elect to have only part of this Note purchased by the Issuer pursuant to
Section 4.1(g) or Section 4.4 of the Indenture, state the amount (in minimum denominations of U.S.$150,000 or integral multiples of U.S.$1,000 in excess thereof) you elect to have purchased;
provided that no purchase in part shall reduce the outstanding principal amount of maturity of the Notes held by you to below U.S.$150,000: U.S.$
                                         
        
  

									
		 		 		  	Your Name:
                                         
                           
	Dated:	 	  
	 		  	(Print your name exactly as it appears on the face of this Note)
				
		 		 		  	Your Signature:
                                         
                     
		 		 		  	(Sign exactly as your name appears on the face of this Note)
				
		 		 		  	Signature Guarantee*:

  
  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee) 

  
 A-16 

 EXHIBIT B  

to Indenture 
 [FORM OF]
CERTIFICATE FOR 
 EXCHANGE OR TRANSFER OF RULE 144A NOTE 1* 

The Bank of New York Mellon, 
 as Trustee and Registrar

 240 Greenwich Street, Floor 7 East 
 New York, New York 10286

 Fax No.: (212) 815-2830 

Attention: Corporate Trust/ Re: Camposol S.A. 
  

	 	Re:	 CAMPOSOL S.A. 

	 	  	 6.000% Senior Notes due 2027 

Reference is hereby made to the Indenture dated as of February 3, 2020 (as amended, supplemented or otherwise modified from time to time,
the “Indenture”) among CAMPOSOL S.A., a corporation (sociedad anónima) organized under the laws of Peru (the “Issuer”), Csol Holding LTD, as Parent Guarantor, and The Bank of New York Mellon, as trustee (the
“Trustee”), registrar, paying agent and transfer agent. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

This letter relates to
U.S.$[                    ] of the Issuer’s 6.000% Senior Notes due 2027 (the “Notes”) that are held as a beneficial
interest in the Rule 144A Global Note (CUSIP No.                     ) with DTC in the name of [NAME OF UNDERSIGNED TRANSFEROR] (the
“Transferor”). The Transferor has requested an exchange or transfer of such Notes for an equivalent beneficial interest in the Regulation S Global Note (CUSIP
No.            ; ISIN Code:             ) to be held with [NAME OF PARTICIPANT] through DTC. If this is a partial
transfer, 
 a minimum amount of U.S.$150,000 or any integral multiple of U.S.$1,000 in excess thereof of the Rule 144A Global Note (or beneficial interests
therein) will remain outstanding in the name of the Transferor. 
 In connection with such request, the Transferor does hereby certify that
such exchange or transfer has been effected in accordance with the transfer restrictions set forth in the Indenture and (a) with respect to transfers made in reliance upon Regulation S under the Securities Act, the Transferor does hereby
certify that: 
 (i)    the offer of the Notes (or beneficial interests therein) to be exchanged or transferred was not
made to a person in the United States; 
 (ii)    either: (A) at the time the buy order was originated the
transferee was outside the United States or the Transferor and any person acting on the Transferor’s behalf 
  

 

	*	 This certification is to be made upon transfers or exchanges under Regulation S of interests in Rule 144A Note
pursuant to Section 2.6(b) of this Indenture. 

  
 B-1 

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

(iii)    no directed selling efforts have been made in the United States in contravention of the requirements of Rule 903
or Rule 904 of Regulation S, as applicable; 
 (iv)    the transaction meets any other applicable requirements of Rule
903 or Rule 904 of Regulation S; 
 (v)    the transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act; 
 (vi)    the Transferor is the beneficial owner of the principal amount of Notes
being transferred; and 
 (vii)    with respect to transfers made in reliance upon Rule 144A under the Securities Act,
the Transferor hereby certifies that the Notes are being transferred in a transaction permitted by Rule 144A under the Securities Act. 

You and the Issuer are entitled to rely upon this certificate and are irrevocably authorized to produce this certificate or a copy hereof of
any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	[Insert name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title

 Dated: 
 cc: 

CAMPOSOL S.A. 

  
 B-2 

 EXHIBIT C  

to Indenture 
 [FORM OF]
CERTIFICATE FOR 
 EXCHANGE OR TRANSFER OF REGULATION S NOTE* 

The Bank of New York Mellon, 
 as Trustee and Registrar

 240 Greenwich Street, Floor 7 East 
 New York, New York 10286

 Fax No.: (212) 815-2830 

Attention: Corporate Trust/ Re: Camposol S.A. 
  

	 	Re:	 CAMPOSOL S.A. 

	 	  	 6.000% Senior Notes due 2027 

Reference is hereby made to the Indenture dated as of February 3, 2020 (as amended, supplemented or otherwise modified from time to time,
the “Indenture”) among CAMPOSOL S.A., a corporation (sociedad anónima) organized under the laws of Peru (the “Issuer”), Csol Holding LTD, as Parent Guarantor, and The Bank of New York Mellon, as trustee (the
“Trustee”), registrar, paying agent and transfer agent. Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

This letter relates to
U.S.$[                    ] of the Issuer’s 6.000% Senior Notes due 2027 (the “Notes”) that are held as a beneficial
interest in the Regulation S Global Note (CUSIP:             ; ISIN Code:             ) in the name of [NAME OF
UNDERSIGNED TRANSFEROR] (the “Transferor”). The Transferor has requested an exchange or transfer of such Notes for an equivalent beneficial interest in the Rule 144A Global Note (CUSIP No.
                    ) to be held with [NAME OF PARTICIPANT] through DTC. If this is a partial transfer, a minimum amount of U.S.$150,000 or
any integral multiple of U.S.$1,000 in excess thereof of the Regulation S Global Note (or beneficial interests therein) will remain outstanding in the name of the Transferor. 

In connection with such request, the Transferor does hereby certify that such Notes (or beneficial interests therein) are being transferred in
accordance with Rule 144A under the Securities Act to a transferee that the Transferor reasonably believes is a “qualified institutional buyer” within the meaning of Rule 144A (a “QIB”) who is purchasing such Notes (or
beneficial interests therein) for its own account or for the account of a QIB with respect to which the transferee exercises sole investment discretion, in each case in a transaction meeting the requirements of Rule 144A and in accordance with any
applicable securities laws of any state of the United States or any other jurisdiction. 
  

 

	*	 This certification is to be made upon transfers or exchanges under Rule 144A of interests in the Regulation S
Note pursuant to Section 2.6(c) of this Indenture. 

  
 C-1 

 Exhibit 10.1 

You and the Issuer are entitled to rely upon this certificate and are irrevocably authorized to produce this certificate or a copy hereof of
any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	[Insert name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title

 Dated: 
 cc: 

CAMPOSOL S.A. 

  
 C-2EX-10.2

 EXHIBIT 10.2 

REPÚBLICA DEL PERÚ (THE REPUBLIC OF PERU) 

EDUARDO LAOS DE LAMA 
 ATTORNEY-AT-LAW AND NOTARY PUBLIC IN AND FOR LIMA 
 JR. SANTO DOMINGO
291- JESÚS MARÍA 
 TELEPHONE: 202-4120 

FAX: 461-7935 

NOTARIALLY RECORDED INSTRUMENT NUMBER: 12954 

PRELIMINARY AGREEMENT: 12485 
 KARDEX: 299908 

PAGE: 101302 
 CERTIFIED COPY OF A
NOTARIALLY RECORDED INSTRUMENT EVIDENCING A LONG-TERM LOAN AGREEMENT ENTERED INTO BY AND BETWEEN BANCO BBVA PERÚ AND CAMPOSOL S.A. 
 In the city
of Lima, District of Jesús María, this 12th day of November, 2019, before me, Eduardo LAOS DE LAMA,
Attorney-at-Law and Notary Public in and for Lima, holder of National Identity Card (DNI) 10077006309, issue this formal notarial instrument granted by: 

Frank Erick BABARCZY RODRÍGUEZ, who represents to be a Peruvian citizen, married, officer, holder of National
Identity Card (DNI) 09339170, with usual residence at Av. República de Panamá 3055, District of San Isidro, Province and Department of Lima, who have been identified by me through a biometric comparison test for fingerprints, I attest;
and who hereby states that he is acting in the name, place and stead of BANCO BBVA PERÚ, holder of Tax ID Number 20100130204, with principal place of business at Av. República de Panamá 3055, District of San
Isidro, Province and Department of Lima; according to power of attorney registered in Electronic Card 11014915 of the Registry of Companies in and for Lima; 

Javier Alberto BALBÍN BUCKLEY, who represents to be a Peruvian citizen, divorced, officer, holder of National Identity Card (DNI)
07879913, with usual residence at Av. República de Panamá 3055, District of San Isidro, Province and Department of Lima, who have been identified by me through a biometric comparison test for fingerprints, I attest; and who hereby
states that he is acting in the name, place and stead of BANCO BBVA PERÚ, holder of Tax ID Number 20100130204, with principal place of business at Av. República de Panamá 3055, District of San Isidro, Province and
Department of Lima; according to power of attorney registered in Electronic Card 11014915 of the Registry of Companies in and for Lima; and 

Andrés Daniel COLICHÓN SAS, who represents to be a Peruvian citizen,
married, manager, holder of National Identity Card (DNI) 07866431, with usual residence at Av. El Derby 250, Piso 4, Urbanización El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima, who have been identified
by me through a biometric comparison test for fingerprints, I attest; and who hereby states that he is acting in the name, place and stead of CAMPOSOL S.A., holder of Tax ID Number 20340584237, with principal place of business at Av. El Derby
250, Piso 4, 

 
Urbanización El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima; according to power of attorney granted by Shareholders’ Meeting held on
September 30, 2019, which is incorporated herein. 
 Milagritos Tatiana OLIVERO GROPPO, who represents to be a Peruvian citizen, single,
economist, holder of National Identity Card (DNI) 09533596, with usual residence at Av. El Derby 250, Piso 4, Urbanización El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima, who have been identified by me
through a biometric comparison test for fingerprints, I attest; and who hereby states that she is acting in the name, place and stead of CAMPOSOL S.A., holder of Tax ID Number 20340584237, with principal place of business at Av. El Derby 250,
Piso 4, Urbanización El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima; according to power of attorney granted by Shareholders’ Meeting held on September 30, 2019, which is incorporated herein.

 The appearing Parties have the capacity, freedom and knowledge to perform this act, and are fluent in the Spanish language as evidenced in the
examination I have conducted upon them, to which I attest. They handed over to me a preliminary agreement duly authorized by an attorney-at-law, which I filed in its
respective book under the corresponding sequential number and the literal contents of which read as follows: 
 PRELIMINARY AGREEMENT: 

LONG-TERM LOAN AGREEMENT 
 DATED NOVEMBER 12, 2019

 FOR THE SUM OF 
 USD 20,000,000 

ENTERED INTO BY AND BETWEEN 
 BANCO BBVA PERÚ

 AS LENDER 
 AND 

CAMPOSOL S.A. 
 AS BORROWER 

TABLE OF CONTENTS 
 ARTICLE I. DEFINITIONS, INTERPRETATION
AND RECITALS 
 Section 1.01: Definitions 

Section 1.02: Interpretation 
 Section 1.03: Recitals

 ARTICLE II. LOAN 
 Section 2.01: Purpose 

Section 2.02: Procedure for Loan Disbursements 

Section 2.03: Term 
 Section 2.04: Loan Payment 

Section 2.05: Compensatory Interest 
 Section 2.06:
Default Interest 
 Section 2.07: Intentionally Omitted 

Section 2.08: Prepayment 

 Section 2.09: Fees 

Section 2.10: Taxes 
 Section 2.11: Guarantees 

Section 2.12: Promissory Notes 
 ARTICLE III. LOAN CONDITIONS

 Section 3.01: Closing Conditions 
 Section 3.02:
Conditions for The First Disbursement 
 Section 3.03: Conditions for The Second Disbursement 

Section 3.04: Conditions applicable to both Disbursements 

ARTICLE IV: REPRESENTATIONS AND WARRANTIES 
 Section 4.01:
Representations and Warranties 
 ARTICLE V. AFFIRMATIVE COVENANTS, NEGATIVE COVENANTS AND FINANCIAL OBLIGATIONS 

Section 5.01: Affirmative Covenants 
 Section 5.02:
Negative Covenants 
 Section 5.03: Financial Obligations 

ARTICLE VI. DEFAULT 
 Section 6.01: Events of Default 

Section 6.02: Consequence of an Event of Default 
 ARTICLE
VII. MISCELLANEOUS 
 Section 7.01: Amendments 

Section 7.02: Notices 
 Section 7.03: Delay in Notices

 Section 7.04: Costs and Expenses 
 Section 7.05:
Applicable Law 
 Section 7.06: Intentionally Omitted 

Section 7.07: Assignment of Rights 
 Section 7.08:
Severability 
 Section 7.09: Waiver or Delay in exercising Rights 

Section 7.10: Entire Agreement 
 Section 7.11: Cost
Increase Clause 
 Section 7.12: Confidentiality 

Section 7.13: Indemnity 
 Section 7.14: Dispute
Settlement 
 EXHIBIT I LOAN DATA 
 EXHIBIT II FEES AND EXPENSES

 EXHIBIT III GUARANTEES 
 EXHIBIT IV PROMISSORY NOTE 

EXHIBIT V PAYMENT SCHEDULE 
 EXHIBIT VI COMPLIANCE CERTIFICATE

 EXHIBIT VII DISBURSEMENT NOTICE 
 EXHIBIT VIII NOTICES 

EXHIBIT IX COMMITMENT LETTER 
 EXHIBIT X AFFIDAVIT 

EXHIBIT XI CORPORATE REORGANIZATION 
 EXHIBIT XII FORM OF NOTICE
OF ASSIGNMENT 
 EXHIBIT XIII JOINT AND SEVERAL BOND AGREEMENT OF MARINASOL S.A. 

EXHIBIT XIV JOINT AND SEVERAL BOND AGREEMENT OF CAMPOSOL COLOMBIA S.A. 

 You are hereby requested, in your capacity as Notary Public, to enter in your Notarial Record Book, the
Long-Term Loan Agreement entered into by and between: 
 (i) BANCO BBVA PERÚ, holder of Tax ID Number 20100130204, with principal place
of business at Av. República de Panamá 3055, District of San Isidro, Province and Department of Lima, acting by and through Frank Erick BABARCZY RODRÍGUEZ, holder of National Identity Card (DNI) 09339170, and Javier Alberto
BALBÍN BUCKLEY, holder of National Identity Card (DNI) 07879913, according to powers of attorney registered in Entries C00332 and C00313 respectively, of Electronic Card 11014915 of the Registry of Companies in and for Lima (hereinafter
referred to interchangeably as the “Bank” or the “Lender”); y 
 (ii) CAMPOSOL S.A., holder of Tax ID Number
20340584237, with principal place of business at Av. El Derby 250, Piso 4, Urbanización El Derby de Monterrico, District of Santiago de Surco, acting by and through Andrés Daniel COLICHÓN SAS, holder of National Identity Card
(DNI) 07866431, and Milagritos Tatiana OLIVERO GROPPO, holder of National Identity Card (DNI) 09533596, according to powers of attorney granted by Shareholders’ Meeting held on September 30, 2019 (hereinafter referred to as the
“Borrower”). 
 In the following terms and conditions: 

 ARTICLE I 

DEFINITIONS, INTERPRETATION AND RECITALS 

Section 1.01: Definitions 
 For the purpose of this
Agreement, the following terms shall have the meanings set forth below: 
 (i) “Affiliate” means any corporate entity that controls or is
controlled by, or is under common control with, another corporate entity. 
 (ii) “Exhibits(s)” means the document or documents prepared as
provided for herein and which are an integral part hereof. 
 (iii) “Government Authority” means any Peruvian Government authority, including any
entity exercising executive, legislative, regulatory or administrative functions of or pertaining to the Peruvian central, regional or municipal government having jurisdiction over persons or matters in question. 

(iv) “Change of Control,” where a person has control over another person, with respect to the Borrower, a change of control shall not be deemed to
have occurred in those cases where despite of the existence of a direct or indirect transfer of the Borrower’s shares, the control over the Borrower shall continue to be exercised by the Dyer family. 

(v) “Net Capex” means any capital expenditure related to fixed asset acquisition, maintenance, improvement and/or replacement or any other similar
operations reflected in the fixed asset of the cash flow statement, as defined in IFRS, less debt for a term greater than a year taken on by the Borrower in order to make this capital expenditure. 

(vi) “Commitment Letter” means the letter to be sent by the Borrower to the Bank on the Closing Date, whereunder the terms and conditions, under
which fees shall be paid as provided for in Exhibit IX, shall be established. 
 (vii) “Compliance Certificate” means a document whereupon the
Borrower makes representations on a six-monthly basis to the Bank that the Borrower is in compliance with any and all the obligations and/or duties in general referred to herein. A Compliance Certificate shall
be issued within a period of forty-five (45) calendar days from the closing date of each semester, and shall also referred to the financial obligations of each semester ended on June 30 and December 31. The form of Compliance Certificate
is enclosed herewith as Exhibit VI. 
 (viii) “Assignment of Rights” means any assignment of rights, in full or in part, that the Bank would make
in favor of any third parties as set forth in Section 7.06 hereof, which shall come into effect as of the date when the appropriate notice of assignment is served on the Borrower. 

 (ix) “Civil Code” means the Peruvian Civil Code in force as of the execution date hereof. 

(x) “Fees” mean, taken together, the disbursement fee, availability fee, structuring fee and, in general, any other fee agreed upon by the Parties
as stated in the Commitment Letter, excluding the prepayment fee. 
 (xi) “Prepayment Fee” means any fee to be paid by the Borrower to the Bank
with the amount to be prepaid plus the relevant taxes, as provided for in Section 2.08. 
 (xii) “Notice of Assignment” means the notice to
be sent by the Bank to the Borrower within no more than fifteen (15) business days from the Assignment of Rights (in the form set out in Exhibit XII) whereby the Borrower shall be notified about the percentage of the Agreement subject to an
Assignment of Rights; such percentage shall determine the part of each Installment, including Taxes, fees, and any other amount to be borne by the Borrower hereunder, which shall be paid through the pertinent Assignment Account as from the date when
the assignment notice is served on the Borrower. 
 (xiii) “Agreement” or “Loan Agreement” means this document together with its
Exhibits and amendments. 
 (xiv) “Mortgage Agreement” means the agreement dated November 12, 2019, entered into by and between the Bank and
the Borrower, whereby the Borrower establishes a mortgage affecting the property described in subsection a.I of Exhibit III hereof in favor of the Bank, for the purpose of guaranteeing the obligations under the disbursements, as appropriate. 

(xv) “Knowledge” means, with respect to the Borrower, the actual knowledge of the general manager or, in the absence of a person in said position,
the officer exercising any duties similar or equivalent to those of the general manager, by reason of their participation in the business of the general manager. 

(xvi) “Control,” a person has control over a legal entity where: (I) they hold the ownership, either directly or indirectly, of greater that
fifty percent (50%) of the voting rights at their Shareholders’ Meeting; or (II) without having more than fifty percent (50%) of the voting rights at their Shareholders’ Meeting, they may appoint or remove the majority of the members
of the board of directors or equivalent body; (III) they have, either directly or indirectly, representation on its board of directors or equivalent body, greater that fifty percent (50%) of its members; or (IV) by any means not previously
provided for (whether by contract or otherwise) they control the decision-making power within the legal entity. 
 (xvii) “Payment Schedule” or
“Schedule” means the payment schedule included in Exhibit V hereof. 
 (xviii) “Account” means the current account No. 0011-0378-01-00012916, open with the Bank, whose holder is the Borrower. The amounts corresponding to the installments, including any taxes, fees, and any other
amount to be paid by the Borrower hereunder shall be debited to this account. 

 Notwithstanding the foregoing, in the event of Assignment of Rights, the amounts corresponding to the
Installments, including any Taxes, fees, and any other amount to be borne by the Borrower hereunder, shall be paid by transfer of proceeds to the Assignment Account, up to an amount equal to the percentage of the Agreement subject to Assignment of
Rights, which shall be detailed in the relevant Assignment Notice. 
 (xix) “Assignment Account” means the current account to be notified to the
Borrower by the Bank in the event that the Bank makes an assignment of rights. The amounts corresponding to the installments, including any taxes, fees, and any other amount to be paid by the Borrower, up to an amount equal to the percentage of the
Agreement subject matter of the Assignment of Rights made, shall be transferred to this account. 
 For these purposes, the Parties agree that, for each
assignment of rights made, new assignment account shall be opened for the relevant transferee of such rights to collect the amounts due to them by the Borrower (from the of the Notice of Assignment). 

(xx) “Installment” means the principal amount and the compensatory interest to be paid by the Borrower in favor of the Bank in each Payment Date.
The Installments corresponding to the principal shall be commenced to be paid, as set out in the Payment Schedule, upon expiration of the Grace Period. 

(xxi) “Disbursement” means, taken together, the first disbursement and the second disbursement. 

(xxii) “Allocation of Proceeds” means the use by the Borrower of the proceeds provided by the Bank and which is detailed in Exhibit I hereof. 

(xxiii) “Financial Debt” means all the payment obligations with financial or capital market institutions (including any sureties and guaranties), as
well as any other payment obligation that accrues interest (excluding any accounts payable to commercial suppliers assumed by the Borrower). 
 (xxiv)
“Total Debt” means the sum of the bank loans granted in favor of the Borrower, plus the current portion of the long-term debt (that is, the total bank debt plus the financial debt). 

(xxv) “Business Day” means any day other than Saturday, Sunday or a public holiday in Peru or any other day on which banking institutions in Lima
are authorized to remain closed. 
 (xxvi) “Loan Documents” means all documents executed or to be executed by the Borrower for the financing
granted by the Bank to the Borrower hereunder, including without limitation: (i) the Loan Agreement, amendments and Exhibits; (ii) the Promissory Note duly signed; (iii) the guaranties, as appropriate; and (iv) any extension
and/or amendment to the aforementioned documents, and the other documents to be granted, executed, or signed to implement and formalize the loan granted hereunder and ensure its proper execution. 

 (xxvii) “Dollar” or “USD” means the legal tender of the United States of America. 

(xxviii) “EBITDA” means, for any period, (i) the operating profit plus (ii) charges for depreciation and amortization less other income
and expenses and other non-cash adjustments as evidenced in the reconciliation of the Borrower’s cash flow statement in accordance with IFRS. 

(xxix) “Material Adverse Effect” means any Material Adverse effect on: (i) the Borrower’s ability to meet its obligations under the Loan
Documents; (ii) the Bank’s ability to exercise the rights or actions established in the Loan Documents; and/or (iii) the legality, validity or enforceability of any of the Loan Documents. 

(xxx) “Event(s) of Default” means any event specified in Section 6.01 hereof. 

(xxxi) “Closing Date” means the day on which this Agreement is executed. 

(xxxii) “Disbursement Date” means the date on which the first disbursement or the second disbursement, as the case may be, occurs, upon compliance
with the provisions of Section 3.02 or of Section 3.03 respectively. 
 (xxxiii) “Payment Dates” means those dates on which the Borrower
shall pay the principal and/or interest of the loan according to the schedule. 
 (xxxiv) “Public Officer” means any public officer or employee of
a Government Authority or person related to it or person that may influence on such officer or employee. 
 (xxxv) “Financial Expenses” mean, for
any period, the total amount of (i) the interest expenses, and (ii) the corresponding portion of the financial lease installments, according to the “Borrower’s profit and loss statement prepared in accordance with IFRS. 

(xxxvi) “Guarantees” mean, taken together, (a) the Mortgage Agreement; and (b) the security interest (mortgage or trust over assets), to
the satisfaction of the Bank, granted by the borrower in favor of the bank to guarantee the second disbursement, if applicable. 
 (xxxvii)
“Compensatory Interest” means the interest as mentioned in Section 2.05 hereof and as established in Exhibit I hereof. 
 (xxxviii)
“Interest for Event (s) of Default(s)” means the interest as mentioned in Section 2.07 hereof and as established in Exhibit I hereof. 

(xxxix) “Default Interest” means the interest as mentioned in Section 2.06 hereof and as established in Exhibit I hereof. 

(xl) “General Law” means the General Act of the Financial System, the Insurance System, and the Institutional Act of the Superintendency of Banking
and Insurance, Law 26702, as amended and replaced. 

 (xli) “LIBOR” means the one hundred and eighty (180) day interest rate at which Eurodollars
are offered for the same term in the London interbank market, registered on a daily basis at approximately 11:00 am (London time, England) appearing on Reuters Screen LIBOR 01 Page, two (02) Business Days prior to the beginning of each interest
period; provided, however, more than one rate is specified on Reuters Screen LIBOR 01 Page, the applicable rate shall be the arithmetic mean of all such rates (rounded upwards, if necessary, to the nearest 1/100 of one percent (1%)). 

If a rate cannot be calculated as specified above, the applicable rate shall be the alternate LIBOR rate chosen by the central bank, reserve bank or other
similar entity, which is consistent with market practice as a replacement for such rate (the “Alternate Rate”). Notwithstanding the foregoing, should the Parties fail to reach an agreement on the Alternate Rate, in accordance with
market practice, the Borrower, with the prior consent of the Bank (which shall not be unreasonably delayed or withheld), shall appoint a financial advisor to establish an Appropriate Alternate Rate; the decision of such financial advisor shall be
bidding on the Parties. 
 Solely for the purposes of the definition of the Alternate Rate, “Business Day” shall be deemed the day on which banks
in London, England offer deposits in dollars to the main banks in the London interbank market. 
 (xlii) “IFRS” means the International Financial
Reporting Standards applicable to the Republic of Peru as approved by the Accounting Standards Board. 
 (xliii) “Disbursement Notice” means a
notice from the Borrower to the Bank to proceed with the Loan Disbursement, as the case may be. Disbursement Notices shall contain at least the information set out in Exhibit VII. 

(xliv) “Financial Obligations” mean the financial obligations referred to in Section 5.03 hereof. 

(xlv) “Promissory Note” means the promissory note duly executed and delivered by the Borrower to the Bank in the form set out in Exhibit IV. 

(xlvi) “Parties” mean the Borrower and the Bank, including any other individual or legal entity that participates in the Agreement and/or becomes a
party hereto. 
 (xlvii) “Equity” means the amount reported as equity in the Borrowers’ balance sheet prepared in accordance with IFRS. 

(xlviii) “Availability Period” means the period during which the Borrower may deliver to the Bank the Disbursement Notice as stated in Exhibit I.

 (xlix) “Grace Period” means the period during which the Borrower shall not pay the principal corresponding to the Loan Installments and which
is detailed in Exhibit I. 
 (l) “Peru” means the Republic of Peru. 

 (li) “Loan” means this long-term credit facility to be disbursed by the Bank to the Borrower, in
accordance with the terms and conditions hereof and the amount of which is established in Exhibit I hereof. 
 (lii) “First Disbursement” means
the disbursement of the amount of USD 11,000,000 (Eleven Million U.S. Dollars) of the Loan, to be made by the Bank in favor of the Borrower, subject to the conditions precedent as set out in Section 3.02. 

(liii) “Corporate Reorganization” means the internal corporate reorganizations as detailed in Exhibit XI. 

(liv) “Representatives” mean the Borrower’s shareholders, managers, directors, officers, employees, agents, representatives (including, but not
limited to, advisors, attorneys, employees and personnel); in any of these cases, provided that any such persons act on behalf of and in the interest of the Borrower. 

(lv) “Second Disbursement” means the disbursement of the amount of USD 9,000,000 (Nine Million U.S. Dollars) of the Loan, to be made by the
Bank in favor of the Borrower, subject to the conditions precedent as set out in Section 3.03. 
 (lvi) “Debt Service” means the sum of the
principal amortization payments of the debts maturing more than one year plus the financial expenses for a specified period. 
 (lvii) “Soles”
means the lawful currency of Peru. 
 (lviii) “Subsidiary” means the entities over which the Borrower exercises direct or indirect Control. 

(lix) “Tax” means any existing or future tax, rate, contribution, reduction or withholding that may be applicable and that is associated with the
Loan, including any interest, surcharge, penalty or sanction related to the foregoing. 
 Section 1.02: Interpretation 

(a) The Parties hereto acknowledge that the headings of the Articles and Sections hereof are for convenience only and are not necessarily to be considered for
the interpretation of its contents and scope. 
 (b) Unless otherwise stated herein, any reference contained herein to an Article, Section or Exhibit refers
to the Article, Section or Exhibit of this Agreement. 
 (c) References herein to any Section shall include all paragraphs in such Sections, and references
to any Article shall include all sections in such Article. 
 (d) Unless the context otherwise requires, the plural number shall include the singular number
and vice versa, and the masculine shall include the feminine and vice versa. 
 (e) Any references herein to laws or regulations shall be understood and
construed to include all legal or regulatory provisions amending, extending, consolidating, specifying, modifying or replacing such law or regulation mentioned herein. 

 Section 1.03: Recitals 

(a) The Borrower is a private corporation duly organized and existing under the laws of the Republic of Peru, whose corporate purpose is to engage in the
distribution and marketing of food products, particularly, products from agriculture. 
 (b) The Borrower requires a long-term loan up to the amount
established in Exhibit I hereof to be used solely and exclusively for the Allocation of Proceeds. 
 The Bank has evaluated the request submitted by the
Borrower and has taken on the commitment to grant the Borrower the Loan in accordance with the terms and conditions hereof, after meeting the conditions indicated in Article III hereof. 

 ARTICLE II 

LOAN 
 Section 2.01: Purpose

 (a) The Bank hereby grants a loan in the currency stated in Exhibit I to the Borrower up to the amount mentioned in Exhibit I hereof. 

(b) The Loan shall be disbursed to the Borrower through the First Disbursement and, if applicable, the Second Disbursement, provided the conditions precedent
for the Disbursements as established in Section 3.02 or Section 3.03 of Article III hereof, respectively, have been met. Regarding the foregoing, the Bank acknowledges that CAMPOSOL shall not be required to actually request the Second
Disbursement. In this respect, if the availability period expires without the Disbursement Notice regarding such Second Disbursement having been served, the obligation of the Bank to make such Second Disbursement shall expire, without any obligation
to pay any fees, penalties or compensation whatsoever for CAMPOSOL. 
 (c) The Borrower undertakes to allocate the entire Loan solely and exclusively for
the Allocation of Proceeds. 
 Section 2.02: Procedure for Loan Disbursements 

The Loan shall be disbursed at such times and conditions as stated in Exhibit I, once the conditions precedent for the Disbursements as established in
Section 3.02 or Section 3.03 of Article III hereof have been met and provided the relevant Disbursement Notices are served on the Bank within the Availability Period, in all cases. 

Each Disbursement shall be made to the account. 
 The Borrower
shall pay the Bank any fees, in accordance with the terms and conditions as set out in the Commitment Letter. 
 The Bank shall not make the relevant
Disbursement if the Bank has not received any Disbursement Notice within the Availability Period and if the Borrower has failed to pay the relevant structuring fee. 

Additionally, after such Availability Period and without any verifications of the conditions precedent contained in Section 3.03, the obligations
associated with the Second Disbursement shall expire by operation of law, without any liability for the Parties. In this respect, it is expressly agreed that the Borrower shall not be required to serve any Disbursement Notices regarding the Second
Disbursement. 
 Section 2.03: Term 
 The Loan
payment term shall be six (6) years from the Closing Date, as indicated in Exhibit I. 
 The Agreement shall remain in force for so long as the
Borrower must fulfill any obligation to the Bank under the Loan Documents. 

 Section 2.04: Loan Payment 

(a) The Borrower shall pay the Bank the Loan principal according to the Payment Schedule and, in any case, as from the expiration of the Grace Period. 

(b) Where any payment to be made hereunder is due and payable on a day other than a Business Day, such payment shall be made on the next succeeding first
Business Day. Any such payment shall include the principal and interest calculated at the Payment Date, without the Bank being entitled to receive any interest due to the deferral. 

(c) Considering the Grace Period, the first Payment Date of the relevant principal shall correspond to the expiry of the second year counted from each
Disbursement Date. 
 (d) It is a condition of this Agreement and particularly with respect to the relevant payment of the principal and the compensatory
and default interest and any other expenses, fees, services, and taxes to be made for each Disbursement, that all payments shall be made in the same currency in which the Loan has been agreed and granted, or the payment of the fee, expenses or Taxes
has been agreed. 
 (e) The payment of the Installments, including any Taxes, fees and any other amount applicable to the Borrower hereunder, created or to
be created, shall be made by the Borrower by debiting the relevant amounts to the Account. 
 The Borrower hereby irrevocably authorizes the Bank to debit
from the Account the relevant Installments, including any Taxes, fees and any other amount applicable to the Borrower hereunder, created or to be created. 

Notwithstanding the foregoing, in the event of an Assignment of Rights, the payment of Installments, including any Taxes, fees and any other amount applicable
to the Borrower hereunder, shall be made for an amount equal to the percentage of the Agreement subject to the Assignment of Rights by transfer to the Assignment Account. 

(f) The Loan shall be paid in full without deducting from such amount any expenses by way of fee, tax withholding or any other discount of a like nature,
since the Borrower is required to return the full amount of the Loan to the Bank, and shall also bear the full amount of such discounts. 
 (g) The Borrower
expressly authorizes the Bank, only in case of default or delay, to debit the relevant past due amounts corresponding to the Loan Installments, fees, Taxes, costs and/or expenses arising from the Loan Documents to any other account held or that may
be held by the Borrower with the Bank, in any of its offices and/or branches, and/or dispose of any of the funds or deposits in any currency in its possession to be credited to it, without any prior authorization or subsequent approval and without
the Bank assuming any responsibility for the exchange rate used, in case the account, deposit or funds are in a currency other than the payments to be made by the Borrower, at the time it deems advisable, and to such effect the Borrower acknowledges
that this right extends to all of the past due and accelerated amount. 

 
Likewise, if funds in other accounts of the Borrower do not exist or are inadequate, the Borrower authorizes the Bank to withhold, and apply to the payment of overdue debts, any property or asset
of a financial nature that is in its possession and is intended to be credited or delivered to it, and further authorizes the Bank to sell them directly to pay any overdue debt, releasing the Bank from any responsibility for the price obtained from
the sale. 
 The Bank assumes no liability in case the Bank decides to use or not use the authorization granted by this Section. 

Moreover, the Borrower waives its right to assert against the Bank, its subsidiaries and/or affiliates the setoff of obligations owed by the Borrower to the
Bank arising out of the Loan Documents, or any other document, legal act or transaction entered into by the Parties. 
 (h) In accordance with the
applicable provisions of the Civil Code, any payment made by the Borrower shall be first allocated to penalties and expenses, then to interest in arrears, compensatory interest and, finally, to the Loan principal. 

Section 2.05: Compensatory Interest 
 The Borrower
shall pay compensatory interest from the date of the First Disbursement on the principal amount actually disbursed by the Bank under the Loan, due and payable, at an annual percentage variable interest rate of LIBOR + 3.20%. All interest shall be
computed on the basis of a three hundred and sixty (360) day year for the actual number of days (excluding the first day, but including the expiration date), elapsed in the period for which such interest shall be payable. Each determination by
the Bank of an amount owed hereunder shall be deemed conclusive and binding for all purposes, absent manifest error. 
 Interest shall be computed per
expired period and shall be paid on each Payment Date. arrears, compensatory interest and, finally, to the Loan principal. 
 Section 2.06: Default
Interest 
 Should the Borrower fail to pay the principal, interest or any other sum of money due in connection with the Loan on their respective
maturity dates (including the cure period as provided for in the second paragraph of Section 6.01, if applicable), the Borrower shall be subject, in addition to the payment of compensatory interest as referred to in Section 2.05 hereof, to
the payment of Default Interest at the annual percentage rate of two percent (2%), which the Borrower hereby accepts, in addition to compensatory interest. 

For the purposes of the provisions of the preceding paragraph, and as provided for in the Civil Code, Section 1333, Subsection 1, the Borrower shall be
automatically in default without any court and out-of-court request or notice whatsoever. 

 Section 2.07: Interest for Events of Default 

In the event of occurrence of an Event of Default, other than an Event of Default as established in Section 6.01, Subsection a), and until such Event of
Default is cured or the Agreement is terminated, the Bank may apply to the Loan the annual percentage rate of two percent (2%) in addition to the compensatory interest rate as prescribed in Section 2.05. 

Section 2.08: Prepayment 
 Pursuant to the provisions
of Section 2.04 hereof, the Loan shall be paid on the dates specified in the schedule. Notwithstanding the foregoing, the Borrower may voluntarily prepay the Loan at any time during the term of this Agreement, provided the following conditions
are met: 
 The Borrower shall notify the Bank in writing at least ten (10) calendar days in advance of its intention to prepay the Loan in full or in
part. Prepayments may only be made on the Payment Dates. The minimum prepayment amount is USD 2,000,000 (Two Million U.S. Dollars). Any prepayments exceeding such minimum amount shall be made in additional amounts equal to USD 1,000,000 (One
Million U.S. Dollars) or multiples of such amount. 
 (i) In case prepayment is partial, it shall be applied, in the Borrower’s discretion, (a) to
the balance in proportion to all unpaid principal installments on the relevant prepayment date; or, (b) to the installments of the most distant maturity, according to the Payment Schedule. 

(ii) If a voluntary prepayment is made, the following fees shall be applied: 
  

			
	During the first and second year	 	1.75% (one point seventy-five percent) of the amount to be prepaid
	During the third and four year	 	1.50% (one point fifty percent) of the amount to be prepaid
	During the fifth and six year	 	1.00% (one point percent) of the amount to be prepaid

 If a partial prepayment is made, the Bank shall notify the Borrower within a period of five (5) Business Days following
such prepayment of a new Schedule applicable from the relevant prepayment date. 
 In the event of an occurrence of a Change of Control, the Borrower shall
be required to make mandatory prepayment without any prepayment penalty or fee whatsoever. Such prepayment shall be made within a period of twenty (20) Business Days from the date on which notice is served on the Borrower whereby the Bank
requires the appropriate payment. 
 After such period, the Bank shall apply the prepayment fee as set forth in clause (iii) of this Section. 

 Moreover, if any cases contained in subsections l) and/or m) of Section 6.01 hereof is verified, the
Borrower shall be entitled to make a voluntary prepayment of the entire Loan, without any prepayment penalty or fee whatsoever. In such case, prepayment shall be made within a period of twenty (20) Business Days from the date on which notice is
served on the Borrower whereby the Bank requires the appropriate payment. After such period, the Bank shall apply the prepayment fee as set forth in clause (iii) of this Section. 

Section 2.09: Fees 
 The Borrower represents that it
is familiar with the Fees that shall be applicable to the Loan and undertakes to pay such Fees under the terms and conditions as set out in the Commitment Letter. 

Section 2.10: Taxes 
 Any payment of principal,
interests and/or expenses related to the Loan shall be made in full and free and clear of any tax withholding or deduction. Any payment of any Tax due on the Closing Date and/or that is created after the Closing Date shall be for the sole account
and expense of the Borrower. 
 If the Borrower or the Bank should make any withholding or deduction for Taxes, with respect to the payments mentioned in
the previous paragraph, the amount paid to the Bank shall be increased by any amount necessary for the Bank to receive the total amount that it would be entitled to receive in the absence of such Taxes. 

The Borrower shall also be responsible for any change in the applicable taxes that may occur in the future and in the present or future Taxes established in
any jurisdiction and that affect the execution, delivery and/or performance of the Loan. Likewise, in the event that any currently valid exemption is no longer valid or ceases to be valid, the Borrower hereby undertakes to pay it. 

Section 2.11: Guarantees 
 The performance of the
obligations under the Loan shall be guaranteed by the Mortgage Agreement and, if applicable, any other Guarantees. 
 Furthermore, the Guarantees are
created in furtherance of the performance of any and all the obligations of the Borrower under this Agreement and the other Loan Documents in favor of the Bank, and to such effect the Borrower represents that the Guarantees are extended to ensure
the payment of any sum ordered to be paid to the Bank by an arbitration award or judgment rendered by any relevant Judge, Court or Tribunal, arising out of the Agreement and the Loan Documents, or of any remedies or protection mechanisms which,
under the applicable legislation, the Bank may have towards the Borrower. 

 Section 2.12: Promissory Note 

The Loan shall be evidenced by the issuance by the Borrower of a Promissory Note, which shall be delivered incomplete, as provided for in the Securities Act,
Law 27287, Section 10. 
 The issuance of the Promissory Note to the Bank, its renewal or extension shall not cause novation of the obligations of the
Borrower under this Agreement and/or the Loan Documents and, in no case, shall determine the termination of the obligation or the guarantees created, even when such security has been affected even for causes attributable to the Bank. The Bank
undertakes to return the Promissory Note to the Borrower upon payment of the Loan and any amount owed to the Bank arising out of the Agreement and/or the Loan Documents. 

The Promissory Note shall be delivered incomplete with respect to maturity and the amount thereof. Such Promissory Note shall be completed by the Bank in
accordance with the following rules: 
 (i) The Promissory Note shall be completed by the Bank for the total amount as listed in the settlement of the debit
balance, which shall correspond to the total amount of the obligations arising out of this Agreement owed by the Borrower to the Bank on the date on which the Bank states that all the periods herein have expired due to the occurrence of an Event of
Default. The aforementioned settlement shall comprise the principal amount, the Compensatory Interest, the Default Interest of all fees owed hereunder and any other payment owed by the Borrower hereunder. 

(ii) The Borrower agrees that, from the due date of the Promissory Note until its actual payment, the amount as listed therein shall accrue Compensatory
Interest and Default Interest at the rates agreed upon and with the amounts established herein. Regarding any payment of Default Interest, a notice in default shall not be necessary, since default is automatic. 

(iii) The issuance date of the Promissory Note shall be the date of the First Disbursement or the date on which an assignment of rights is effective in
accordance with Section Seven hereof. The Bank shall record as the maturity date of the Promissory Note the date on which the Bank states that the periods referred to in clause (i) above have expired. 

(iv) The Promissory Note shall be issued with the “no protest” clause. Notwithstanding the foregoing, the holder may protest it, and any expenses
arising therefrom shall be borne by the Borrower. 
 (v) The Borrower hereby authorizes the Bank to complete the Promissory Note as provided for in Circular
G-0090-2001 or any regulations replacing it, in case the Bank states that all the periods contained herein have expired due to the occurrence of an Event of Default in accordance with Section Six hereof. 

(vi) The Bank shall deliver to the Borrower an uncertified copy of the signed Promissory Note, and the delivery thereof shall be recorded in a proof of
receipt. 

 (vii) The Bank undertakes not to transfer the Promissory Note, unless such transfer is made as part of the
transfers, assignments (endorsements) or any other acts as provided for in Section Seven hereof. In this respect, the Promissory Note may be transferred, provided the provisions of such section have been complied with, in which case the Borrower
shall be required to issue a new Promissory Note to the new creditor in the event of occurrence of an assignment of rights and obligations or an assignment of all the rights hereunder. 

(viii) Pursuant to the provisions of the Civil Code, Section 1279, the issuance, renewal or any other additional change of the Promissory Note, including
its substitution and/or replacement with a similar Promissory Note, shall not constitute any novation of the obligations hereunder. The obligations thereunder shall not be terminated even when, due to any fault by the Bank, such Promissory Note is
affected, which constitutes an agreement contrary to the provisions of Civil Code, Section 1233. Notwithstanding the foregoing, in case the Promissory Note is lost, misplaced, mutilated, or partially or totally destroyed, the Bank may request
the Borrower by means of a notarized letter (attaching, for these purposes, an affidavit notifying about the loss, misplacement, mutilation or destruction of the Promissory Note) the issuance of a new Promissory Note, and the Borrower shall, within
a maximum period of ten (10) Business Days from the delivery of the aforementioned notarized letter, issue and deliver the new Promissory note. In connection with the Promissory Notes that were mutilated or partially destroyed and are in the
Bank’s possession, simultaneously with the delivery of the new Promissory Note, the Bank shall deliver to the Borrower the original Promissory Note that was mutilated or partially destroyed. 

 ARTICLE III 

LOAN CONDITIONS 
 Section 3.01:
Closing Conditions 
 This Agreement shall be executed upon compliance with the following conditions: 

(a) Signature of the Agreement and the Commitment Letter in a form acceptable to the Bank. 

(b) There shall have been no material changes in: i) any administrative or governmental laws or regulations; and/or ii) any domestic and/or international
financial markets; and/or iii) the political and/or economic situation of Peru, in all such cases, which have caused or could reasonably result in a Material Adverse Effect. 

(c) Credit approval of the Loan and the other Loan Documents by the pertinent internal committees of the Bank. 

(d) The Bank shall have received from the Borrower any certificate of subsistence of powers of attorney of the representatives who shall sign the Loan
Documents. 
 (e) The Bank shall have received legal opinions from the legal advisors of the Borrower and the Bank, which are satisfactory to the Bank. 

(f) The Bank shall have received, duly signed by the Borrower’s representatives, the Affidavit forms attached hereto as Exhibit X. 

(g) The Borrower shall have submitted to the Bank a copy of its last fiscal year-end closed audited financial
statements and the close financial statements; and no Material Adverse Effect shall have occurred since the date of such statements. 
 (h) On the Closing
Date, there is no event that could reasonably have a Material Adverse Effect. 
 The Parties expressly represent that the execution of this Agreement
involves compliance with the conditions precedent to Closing Date to the satisfaction of the Bank. 
 Section 3.02: Conditions for the First
Disbursement 
 This First Disbursement of the Loan shall be subject to compliance by the Borrower with any and all of the conditions precedent as set
forth below: 
 (a) The occurrence of any relevant event that could reasonably result in a Material Adverse Effect shall have not been verified. 

(b) There shall have been no material changes in: i) any administrative or governmental laws or regulations; and/or ii) any domestic and/or international
financial markets; and/or iii) the political and/or economic situation of Peru, in all such cases, which have caused or could reasonably result in a Material Adverse Effect. 

 (c) There is no Event of Default. 

(d) The Mortgage Agreement shall have been executed. 
 (e) The
preliminary reservation of the registration card of the property subject the Mortgage Agreement as described in subsection A.I of Exhibit III hereof, which shall be free and clear of any lien and/or encumbrance (to the satisfaction of the Bank),
shall have been made. 
 (f) The insurance policies of the property subject to the Mortgage Agreement as described in subsection A.I of Exhibit III hereof
shall have been endorsed in favor of the Bank. 
 (g) The Promissory Note as mentioned in Section 2.12 hereof shall have been issued and delivered.

 (h) The Borrower shall have delivered to the Bank a Disbursement Notice related to the First Disbursement signed by its general manager or authorized
legal representative according to the form of Exhibit VII. 
 (i) The Bank shall have received a letter of instructions from the Borrower to make, for the
First Disbursement, any payment of: a) Fees owed to the Bank; and b) fees previously agreed upon by the Parties, due and payable to the legal advisors and any other advisors, if applicable, in accordance with the terms of the Commitment Letter. 

Upon compliance with conditions precedent as set out in this Section 3.02 for the First Disbursement, the Bank shall make the First Disbursement within a
period of two (2) Business Days upon receipt of the Disbursement Notice. 
 Section 3.03: Conditions for the Second Disbursement 

This Second Disbursement of the Loan shall be subject to compliance by the Borrower with any and all of the conditions precedent as set forth below: 

(a) On the Second Disbursement, the conditions precedent as described in subsections (a), (b), (c), (h) and (i) of Section 3.02 above shall remain
in force and/or shall have been verified in connection with the Second Disbursement, as applicable. 
 (b) The Borrower shall have granted, in standard
terms, to the reasonable satisfaction of the Bank, any additional guarantees required in order that the Second Disbursement has the coverage as described in clause 5.01(k) hereof. In this respect, any such guarantees shall be subject to compliance
with the conditions as set out in subsections (e) and (f) of Section 3.02 above, as appropriate. 
 Upon compliance with conditions precedent as
set out in this Section 3.03 for the Second Disbursement, the Bank shall make the Second Disbursement within a period of two (2) Business Days upon receipt of the Disbursement Notice. 

 Section 3.04: Conditions applicable to both Disbursements 

In the event of non-compliance with any of the conditions precedent during the Availability Period, the Bank, without
any liability, shall be entitled to suspend and/or refuse the relevant Disbursement, and the Borrower may not submit any claim to the Bank. Notwithstanding the foregoing, if the Bank has any observation or objection related to the compliance with
any condition precedent for the First Disbursement or the Second Disbursement, as the case may be, the Bank shall promptly notify the Borrower of such situation, in which case the Borrower shall have a cure period of three (3) Business Days.

 The actual Disbursement of the First Disbursement and/or the Second Disbursement, as appropriate, shall involve compliance with the conditions precedent
as described in Section 3.02 or Section 3.03 to the satisfaction of the Bank, as applicable. 

 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Section 4.01: Representations and Warranties 
 On the
Closing Date and on the Disbursement Date, the Borrower represents and warrants to the Bank as follows: 
 (a) It is a corporation duly organized and
existing in accordance with the laws of the Republic of Peru and it has all powers and authority required to carry out its business as now conducted, to hold and exercise any other rights in rem over its properties, and to comply with its
rights and obligations hereunder. 
 (b) The execution of the Loan Documents and the performance of its obligations are within its corporate powers, have
been duly authorized by the pertinent corporate bodies, and do not violate or infringe: (i) its bylaws; (ii) any law, order, regulation or any other legal rule applicable to the Borrower; any order, judgement, award, decisions of any
court, arbitration tribunal or any other judicial or administrative body applicable to it and that has been communicated or notified to it; or, (iii) any agreement, instrument or any other undertaking to which the Borrower is a party or by
whose terms and conditions the Borrower is bound, in such a manner that this could affect its ability to comply with its obligations hereunder. 
 (c) Each
of the Loan Documents has been validly executed, and contains valid and legally binding obligations enforce and enforceable in accordance with their terms. 

(d) No authorization or approval from, and no notice to, any Government Authority or third party is required for the proper execution and compliance by the
Borrower of the Loan Documents. 
 (e) To the Borrower’s knowledge, there are no judicial, administrative or arbitral proceedings or orders, pending or
threatened, that could reasonably be expected to have a Material Adverse Effect. 
 (f) The financial statements that have been delivered to the Bank are
the last approved and fairly present in all material respects the financial condition and operating results of the Borrower, in accordance with generally accepted accounting principles applied on a consistent basis; and, since the date of such
financial statements, there has been no material adverse change in such conditions or operations, which has or could reasonably have a Material Adverse Effect. 

(g) To the Borrower’s knowledge, (i) the Borrower is not in violation of the provisions of any law, order, regulation, or any other rule applicable
to the Borrower, (ii) nor are there any final court or out-of-court or administrative ruling and order against the Borrower; in both cases, which could reasonably
have a Material Adverse Effect. 

 (h) To the Borrower’s knowledge, the Borrower is not in default of any material or contractual burden,
duties, commitments or obligations, the default of which could reasonably result in a Material Adverse Effect. 
 (i) The Borrower has complied, in all its
material respects, with its formal and material tax obligations, or has brought a claim against a computation of taxes or penalties that the Borrower considers inappropriate, and, in relation to such penalties, it has the adequate accounting
provisions to such end. 
 (j) The Borrower has not committed any material event of default nor has it become aware of the occurrence of any event that
permits the acceleration of the periods and the enforceability of its obligations under one or more agreements validly entered into with third parties, except for such defaults that, individually or in the aggregate, are not likely to result in a
Material Adverse Effect. 
 (k) No information, report or exhibit delivered by the Borrower to the Bank in relation to the negotiation of the Agreement or
in accordance with the terms and conditions hereof, contains, to the Borrower’s knowledge, falseness or inaccuracy in any material respect of facts, or omits any necessary and relevant information regarding the Borrower. 

(l) The Loan proceeds shall be used according to the Permitted Allocation of Proceeds, and the Borrower has given and provided to the Bank all the information
that to its Knowledge is related to any other contract, agreement or transaction, fact and/or circumstance linked to the Allocation of Proceeds that in any manner could result in a Material Adverse Effect. 

(m) The Borrower is subject to the general legal framework, and does not have any type of immunity or special privilege in case of resorting to any courts.

 (n) The Borrower has the necessary legal and regulatory authorizations material to the ordinary course of its business, except those the absence of which
or the failure of which to have (individually or in the aggregate) are not likely to result in a Material Adverse Effect. 
 (o) The Borrower’s payment
obligations under the Loan Documents rank and shall at all times rank pari passu with any other present or future secured obligation, save those obligations whose claims are preferred by laws of general application on security interest, asset
restructuring, bankruptcy, insolvency, financial reorganization, liquidation or the like. 
 (p) The Borrower is not in breach with the laws regulating and
protecting the environment applicable to the Borrower, except for those breaches that, individually or in the aggregate, are not likely to result in an Event of Default or a Material Adverse Effect. 

(q) The Borrower understands and expressly agrees that no failure by the Bank in exercising any right and power hereunder, shall operate as a waiver or loss
thereof, and thus the Bank may exercise any such right and power at any time. 

 (r) The Borrower and its Representatives have not been involved in or, to their knowledge, are they being
investigated for the perpetration of acts of corruption and/or bribery, unlawful or improper practices with respect to any local or foreign authority, and have not given or made any payment, gift, promise of payment, advantage, personal benefit,
either present or future, or otherwise contrary to the law to Public Officers so as to obtain permits, licenses, approvals, authorizations, rights or privileges that could result in a benefit to the Borrower. 

(s) The Borrower and its Representatives, to their knowledge, are not being investigated nor have they perpetrated or are linked to the perpetration of crimes
against the government (public administration), money laundering, illicit drug trafficking and/or financing of terrorism in Peru or abroad. 
 (t) The
Borrower has not granted endorsements or guarantees in addition to those detailed in Exhibit XII. 
 (u) The Borrower does not maintain loans as a debtor
with its shareholders or related companies. 
 (v) The Borrower has not instituted any bankruptcy and/or insolvency proceedings. 

(w) There are no relevant agreements between the Borrower and its related parties, other than those recorded in the Borrower’s financial statements, in
accordance with IFRS. 

 ARTICLE V 

AFFIRMATIVE COVENANTS, NEGATIVE COVENANTS AND FINANCIAL OBLIGATIONS 

Section 5.01: Affirmative Covenants 
 The Borrower
specifically assumes towards the Bank, whilst any amount hereunder is unpaid, the following positive or affirmative covenants (unless otherwise expressly authorized in writing by the Bank, in which case the Bank shall notify the Borrower of its
decision within a maximum period of five (5) Business Days from the receipt of the request of the Borrower, and shall not unreasonably deny or delay such request; after such period, the relevant request shall be deemed to have been
denied): 
 (a) Provide the Bank with the following documentation: 

(i) Annual financial statements audited within one hundred twenty (120) calendar days following the end of each fiscal year. 

(ii) Quarterly financial statements within sixty (60) calendar days following March 31, June 30, September 30, and December 31 of
each fiscal year during the term hereof. 
 (iii) The Compliance Certificate regarding the Affirmative Covenants and Negative Covenants and Financial
Obligations in the form attached in Exhibit VI within the period of sixty (60) calendar days following June 30 and December 31 and each fiscal year during the term hereof. 

(b) Notify the Bank within a period of no more than five (5) Business Days of occurrence of the following: 

(i) Any action, proceeding, seizure, or precautionary measure with respect to any of its assets, or its future income flows, before any court or arbitration
tribunal, or before any administrative or municipal entity, that results in a Material Adverse Effect. 
 (ii) If any bankruptcy proceeding has been
instituted against the Borrower, or the Borrower has been advised that any bankruptcy proceeding is about to be instituted against the Borrower, or the Borrower has committed any act resulting in an application for insolvency before INDECOPI. 

(iii) If any judicial, administrative or arbitral proceeding or order has been instituted against the Borrower, or, the Borrower has been advised of the
initiation thereof, which may reasonably be expected to have a Material Adverse Effect on the Borrower. 
 (iv) Any event that could reasonably have a
Material Adverse Effect. 
 (v) One or more Events of Default. 

(vi) Any material changes in the Borrower’s accounting policies. 

 (c) Keep its accounting books and records in accordance with IFRS. 

(d) Comply with all the obligations contained in the legal regulations in force and applicable to the Borrower, including those related to taxes, social
security, labor and pension regime, the environment and in general any applicable legal provision, as well any requirements of Government Authorities, save those breaches that, individually or in the aggregate, are not likely to result in a Material
Adverse Effect. 
 (e) Comply with the payment of all Tax in accordance with the Peruvian laws, concerning to the execution, registration or notarization of
the Agreement, the other Loan Documents and any other document related to the Loan and those currently or subsequently established, save those breaches that, individually or in the aggregate, are not likely to result in a Material Adverse Effect.

 (f) Maintain the obligations hereunder in similar hierarchical terms, privileges and rank, at least pari passu, with respect to any other present or
future secured obligation incurred by the Borrower, save those obligations whose claims are preferred by laws of general application on security interest, asset restructuring, bankruptcy, insolvency, financial reorganization, liquidation or the
like. 
 (g) Allow the Bank’s representatives to visit and inspect all operations and/or businesses, accounting books, corporate books, agreements, and
tax records, copy extracts and discuss the business, assets, financial, legal or economic situation; the operating results or prospects with the Borrower’s officers a maximum of two (2) times a year, unless the Borrower is in Event of
Default, at all times with prior coordination with the Borrower, to this end the Borrower shall give fifteen (15) days’ prior written notice to the Bank, including all the required information, without disrupting the ordinary course of the
Borrower’s business, and the Bank undertakes to comply with the provisions established in the confidentiality clause hereof. 
 (h) Preserve and
maintain: (i) its existence as an institution, including its corporate purpose and main business; and, (ii) any permit, concession, license, approval, registration, privilege required for the development of its business as now conducted,
except those the absence of which or the failure of which to have (individually or in the aggregate) are not likely to result in a Material Adverse Effect; and, (iii) any material agreement required to maintain the continuity of substantial
operations in the manner as now conducted, unless such agreements are replaced with other agreements that are substantially equivalent or superior. 
 (i)
Maintain their assets in good condition, including those pledged, and carry out any repair and replacement of such assets as required, in accordance with the usual market practices; such assets shall be duly insured through insurance policies taken
out with Insurance Companies with a first-class credit rating on the Closing Date. 
 (j) Register, within a period of sixty (60) calendar days from
the date of the First Disbursement, the Mortgage Agreement, in accordance with Section 2.11 hereof, in the relevant Public Records Office, and such period may be automatically extended for up to thirty (30) calendar days for the purpose of
correcting any possible observation that 

 
Public Records Office may make, if applicable. The period mentioned in this paragraph, including its automatic extension, shall apply for the purpose of recording any additional guarantees, as
the case may be; in this case, such period shall be computed from the payment date of the Second Disbursement. 
 (k) Maintain the minimum coverage ratio
established for the Guarantees at 1.1.x at realizable value, according to the amounts actually disbursed hereunder. 
 (l) Update the appraisal of the
property pledge in Guarantee on an annual basis. 
 (m) Use the proceeds according to the Permitted Allocation of Proceeds. 

(n) Cause MARINASOL S.A. (for so long as it remains an Affiliate of CAMPOSOL on the date of the Bank’s request) and CAMPOSOL COLOMBIA S.A. to become
joint and several guarantors with respect to the Borrower to its obligations hereunder, for which such corporations shall execute a guarantee according to Exhibit XIII and Exhibit XIV respectively, within a period of thirty (30) Business Days
after having been required to do so in writing by the Bank. 
 Section 5.02: Negative Covenants 

The Borrower specifically assumes towards the Bank, while any amount owed to the Bank hereunder is unpaid, the following negative covenants (unless otherwise
expressly authorized in writing by the Bank, in which case the Bank shall notify the Borrower of its decision within a maximum period of five (5) Business Days from the receipt of the request of the Borrower, and shall not unreasonably deny or
delay such request; after such period, the relevant request shall be deemed to have been denied): 
 (a) The Borrower may not agree to the direct or
indirect distribution of profits other than those that are mandatory pursuant to the applicable law, buy its own stock, reduce its capital stock (except the Corporate Reorganization), make delivery of movable or immovable property, money, rights,
obligations, negotiable securities, and others by way of interest in the capital stock of the company, or pay subordinated loans or loans from shareholders and/or Affiliates during the Grace Period or when it has been in Event of Default and while
it subsists. 
 For such purposes, any distribution of dividends made within the limits as established in the Business Corporations Act, Section 231
and solely in favor of those shareholders that are not part of the economic group of the Borrower, shall not be within the restriction as stated in the preceding paragraph of this section. 

(b) Not to dispose under any form of assets representing an amount greater than twenty percent (20%) of the Borrower’s consolidated net assets. 

(c) Not to make any significant change in the main business and/or altering the nature of the main business. 

 (d) Not to subordinate the Loan to other obligations that the Borrower may have towards third parties, or to
any other obligation that it assumes after the termination of the Agreement. 
 (e) Not to transfer or assign the Loan, its rights and obligations
hereunder, or any of the rights and/or obligations related to it. 
 (f) Not to merge, spin-off, consolidate,
acquire other businesses, or carry out any type of reorganization authorized by the law, regardless of its activity, except for (i) the Corporate Reorganization; and/or, (ii) to the extent that it does not involve a Change of Control. 

(g) Not to pay its directors, and/or management staff, fees and remuneration or other benefits that are not in accordance with the applicable legal
provisions, or that differ substantially from the practices consistently used by the Borrower in the past or for a total amount greater than USD 14,000,000 (Fourteen Million U.S. Dollars) or its equivalent in local currency. 

(h) Not to make new capital expenditures outside the ordinary course of business, when this (i) could result in a Material Adverse Effect; (ii) when
it has been in Event of Default while it subsists or (iii) may cause the Debt Ratio to exceed 3.50x, unless (a) it is permitted by the terms hereof; or (b) the Borrower has the prior written authorization of the Bank. 

(i) Not to make any significant changes in its accounting policies and practices, except as required by IFRS or abroad. 

(j) Not to enter into agreements of any nature whatsoever with its Subsidiaries or Affiliates, except at market values. 

(k) Not to be involved in acts of corruption, bribery or unlawful or improper acts or practices with respect to any local or foreign Government Authority. Not
to give or make any payment, gift, promise of payment, advantage, personal benefit, either present or future, or otherwise contrary to the law to Public Officers so as to obtain consents, permits, licenses, approvals, authorizations or rights or
privileges that could result in a benefit to the Borrower. 
 (l) Cause its Representatives not to be involved in acts of corruption, bribery or unlawful or
improper acts or practices with respect to any local or foreign Government Authority, for the benefit of the Borrower, its Subsidiaries or Affiliates. 

(m) Not to perpetrate, and not to be linked to the perpetration of, crimes against the government (public administration), money laundering, illicit drug
trafficking and/or financing of terrorism in Peru and abroad. 
 (n) Not to engage in hedging transactions outside the ordinary course of business and for
speculative purposes. 

 (o) Not to make prepayments of other obligations of the Borrower (i) while an Event of Default has
occurred or is occurring, unless such prepayment cures or is a means of curing such Event of Default; or, (ii) such prepayment could result in such Event of Default. 

Section 5.03: Financial Obligations 
 The Borrower
specifically assumes towards the Bank, while any amount owed to the Bank under this Agreement and/or Loan Documents is unpaid, the following financial obligations: 
  

	1.	 Debt Ratio less than or equal to 3.50x during the term hereof. 

 

	2.	 Debt Service Coverage Ratio greater than or equal to 1.25x. 

For the purposes of calculating these Financial Obligations, the following must be taken into consideration: 

Debt Ratio: defined as Total Debt over EBITDA. 
 Debt Service
Coverage Ratio: defined as EBITDA over Debt Service, measured as current part of long-term debt plus Financial Expenses. 
 Compliance with the
aforementioned Financial Obligations shall be verified by the Bank in each semester ended June 30 and December 31. For the purposes of calculating Financial Obligations, the figures from the Borrower’s individual Profit and Loss Statement
for the last two semesters prior to the closing date of each semester, including figures from the individual Balance Sheet as of such date, shall be considered. 

 ARTICLE VI 

DEFAULT 
 Section 6.01: Events of
Default 
 Any of the following events shall constitute an Event of Default of this Agreement and/or the Loan Documents: 

(a) If on the Payment Dates, the Borrower fails to pay, in full or in part, any of the Installments or any other amount under this Agreement and/or the Loan
Documents other than the Installments, including, but not limited to, Fees, expenses and taxes, no notice shall be required to be served, in accordance with the provisions of the Civil Code, Section 1333. Thus, in the event of such a failure by
the Borrower, the Borrower shall be deemed to be automatically in default. 
 In case of a payment obligation other than the payment of the principal or
interest under the Loan Documents, an Event of Default shall be deemed to have occurred if it is not cured within the period of three (3) Business Days after having been required to do so by the Bank. 

(b) Any falseness or inaccuracy in material respects in any of the Representations and Warranties made by the Borrower in any of the Loan Documents. 

(c) When any of the Loan Documents is terminated and/or declared null and/or void and/or invalid and/or ineffective by any relevant authority. 

For the specific case of the Guarantees, in case such Guarantees are declared null or void or invalid or ineffective, unless they are replaced with another
guarantee of similar coverage to the satisfaction of the Bank within a period of no more than ten (10) Business Days following such declaration. 
 (d)
The Borrower uses any funds from this financing for a purpose other than the Allocation of Proceeds. 
 (e) Specific Defaults: Failure by the Borrower to
comply with any of the Affirmative Covenants as detailed in subsections “A,” “B,” “D,” “E,” “G,” and “L” of Section 5.01; and provided such default is not remedied within a period of
twenty (20) Business Days from the notice of said default. 
 (f) Failure by the Borrower to comply with any of the Negative Covenants as detailed in
Section 5.02 and the Negative Covenants as detailed in Section 5.01 that are not contained in the subsections above. 
 (g) Failure to comply with
any of the obligations under any other material contract, covenant and/or agreement entered into by and between the Borrower and third parties for an amount greater than USD 15,000,000 (Fifteen Million U.S. Dollars), and provided such default
results in the acceleration or termination of the relevant material contract, covenant and/or agreement. 

 (h) Failure by the Borrower to comply with any of the obligations assumed with the Bank and/or its
Affiliates under any other agreement executed other than the Agreement and/or the Loan Documents or existing transaction during the term hereof, without such default having been remedied within a maximum period of three (3) Business Days after
having been required to do by the Bank. 
 (i) Any bankruptcy proceeding has been instituted against the Borrower, and this proceeding remains in effect
within a period of thirty (30) Business Days following notice thereof to the Borrower. This section includes any proceeding seeking to adjudicate the Borrower as insolvent or bankrupt, or seeking its liquidation, division, reorganization; or
seeking the appointment of an external receiver or otherwise with respect to the Borrower; or if the Borrower acknowledges in writing its inability to pay its debts or voluntarily institutes any bankruptcy proceeding before the relevant authority;

 (j) If the assets, business or activities of the Borrower, whether in whole or in substantial portion, are expropriated, nationalized, seized, intervened
or any other action or event derived from government decisions; or any measure removing the management of the Borrower or limiting its authority in the conduct of its business is taken, unless the Borrower makes use of the power as set out in
Section 2.08. 
 (k) If the Borrower fails to comply with the enforcement of any court, arbitral or administrative ruling, after exhausting any
relevant challenge remedies and that, individually or in the aggregate, amount to a sum greater than USD 15,000,000 (Fifteen Million U.S. Dollars) without such breach having been cured within a maximum period of sixty (60) calendar days. 

(l) If the Borrower and/or its shareholders agree to dissolve the Company. 

(m) If the Borrower fails to make the mandatory prepayment, if applicable, in accordance with Sections 2.08 or 7.11. 

(n) If any law, regulation, statute or any rule prohibiting or limiting the Borrower’s ability to comply with its obligations hereunder is enacted,
unless the Borrower makes use of the power as set out in Section 2.08. 
 Section 6.02: Consequence of an Event of Default 

In the event of occurrence of any one of the Events of Default described in the preceding section, the Bank may, by operation of law, declare this Agreement
terminated, in accordance with the provisions of the Civil Code, Section 1430, by means of a written notarized letter submitted to the Borrower, and/or accelerate this Loan, attaching thereto the settlement of the debit balance as referred to
in the General Law, Section 132, subsection 7, without any further notice or formality whatsoever, and to this end the periods shall be deemed to be expired and the immediate payment of any due amounts shall be required; in which case the Bank
shall be entitled to execute and/or sue in court for payment of the total due amounts, including the Promissory Note and the Guarantee. 

 Any delay on the part of the Bank in exercising this right shall not operate, in any case, as a waiver
thereof. 
 In case of occurrence of the event as specified in the first paragraph of this section and provided the Bank does not collect the total amounts
owed by the Borrower, including the payment of penalties, fees, expenses, professional fees, court costs and attorney’s fees, collection costs, accrued or to be accrued, any compensatory and default interest shall be applicable to the
aforementioned debt at the rates as established herein. 
 Additionally, upon the occurrence of any Event of Default and until it is cured or the Agreement
is terminated, the Bank shall apply the Interest for Events of Default, if applicable, as provided for in Section 2.07. 
 The termination of this
Agreement in no way affects the Guarantees granted in favor of the Bank, which shall remain in full force and effect until the full payment of the obligations owed by the Borrower. 

ARTICLE VII 

MISCELLANEOUS 
 Section 7.01:
Amendments 
 No amendment or modification of any obligation related to the Loan Documents, nor any consent for the excuse of the Borrower’s
compliance with any obligation, may under any circumstances be effective unless such amendment or modification is executed by the Parties. The Bank may grant waivers or consents, in which case it shall suffice for such purpose that said waivers or
consents are granted in writing by the Bank, without the Borrower’s signature being required. 
 The
non-exercise of or delay by the Bank in exercising any right, power or remedy under the Loan Documents may not be construed as a waiver thereof, nor may any single or partial exercise of such right, power or
remedy be deemed to be as a waiver of the exercise of any other right, power or remedy. Remedies herein provided are cumulative and not exclusive of any other remedy provided by law. 

Section 7.02: Notices 
 Any notice, request, demand,
consent, designation, address, instruction, certificate or any other communication given hereunder, shall be in writing and personally delivered or sent by facsimile (with written confirmation of receipt, which can be made by facsimile) or by e-mail (with confirmation of receipt) to the persons designated in Exhibit VIII hereof, at the addresses and fax numbers as specified therein. 

Any change in the aforementioned information shall be notified in writing to the other Party ten (10) calendar days in advance; failure to comply with
such requirement shall cause any such change not have any legal effect. 

 Any notification delivered by: 

(a) Personal delivery or delivery service, with proof of delivery, shall be deemed to have been given on the date of receipt thereof; 

(b) By facsimile, it shall be deemed to have been given on the date of receipt thereof, provided such facsimile is sent before 6:00 p.m. local time on a
Business Day at the receiving location, or if shipped after 6:00 p.m. local time or on a day other that a Business Day, such facsimile shall be deemed to have given on the next succeeding Business Day. 

(c) By email, it shall be deemed to have been received with the acknowledgment of receipt. 

Section 7.03: Delay in Notices 
 The Parties
expressly agree that the Bank shall not be held liable for any damages caused or to be caused as a result of the delay in responding to any request, query or requirement made by the Borrower or any third party, as provided for in the terms hereof,
except fraud or gross negligence; however, the Bank shall do its best effort to respond thereto in a timely manner. 
 Section 7.04: Costs and
Expenses 
 Except as otherwise provided in this Agreement, all payments under the Loan Documents, including the execution of the notarially recorded
instrument arising herefrom, the execution of the notarially recorded instrument arising from the other Loan Documents and any other cost or expense to be incurred under the Loan Documents, shall be borne by the Borrower. 

Section 7.05: Applicable Law 
 (a) For any matter not
provided for herein, this Agreement shall be governed by the applicable laws of the Republic of Peru. 
 (b) Likewise, any reference to a specific law or
regulation herein shall be deemed to refer to the applicable laws of the Republic of Peru. 
 Section 7.06: Assignment of Rights 

The Borrower expressly agrees and acknowledges in advance that the Bank may assign, in full or in part, in favor of other institutions of the financial system
with a bank rating of “A” or another equivalent rating, whether Peruvian or foreign, its rights and obligations under the Agreement and other Loan Documents, including any rights arising therefrom. The Borrower shall not be responsible for
any costs incurred in formalizing the assignment subject matter of this section, nor shall it bear any amount corresponding to Taxes arising from such assignment to the extent that on the date on which the Assignment of Rights or assignment of
rights and obligations takes place, an Event of Default has not occurred. The assignment taking place may take the form of an assignment of rights and obligations (in which case the Bank shall assign all its

 
rights and obligations under this Agreement to a single assignee) or of the Assignment of Rights. The Parties hereby agree that the Assignment of Rights only implies the transfer of collection
rights on monetary obligations, without any of the other obligations being enforceable against the Borrower by a person other than the Bank (including, but not limited to, Financial Obligations, Affirmative Covenants and Negative Covenants
(including the obligation to pay the Loan Installments, which may only be enforceable by the Bank, on its own behalf and on behalf of all the Assignees, acting as administrative agent, as set forth in the paragraphs below)). 

For such purposes, the Parties agree that the Assignment of Rights shall be effective from the date on which a Notice of Assignment is served on the Borrower;
and that, as from such date, the Borrower shall pay all the items to be borne by the Borrower hereunder, for an amount equal to the percentage thereof, which are the subject to the pertinent Assignment of Rights (which shall be detailed in the
relevant notice), by transfer to the respective Assignment Account. 
 The Parties further agree that, in the event the Bank makes one or more Assignments
of Rights and, therefore, there are one or more assignees, all the rights of such assignees in accordance with this Agreement shall be exercised collectively through the Bank as administrative agent. In particular, by way of example, none of the
assignees, acting individually, may individually take decisions that are binding or are legally binding on the Borrower, or serve notices on it, or exercise collection actions, or declare the existence of Events of Default or the cure thereof, or
grant or extend any periods, or grant remedies. In this respect, unless consent is given in writing by the Borrower, the Bank shall act, in the name, place and stead of all the other assignees, and therefore shall be entitled to individually
exercise any and all of the rights and powers of such assignees, without any error, dispute or disagreement between the Bank and such assignees being possibly enforceable against the Borrower, and thus the Borrower shall be entitled to act based on
the notices, acts and/or any other documents provided by the Bank, without liability whatsoever. Likewise, it is expressly agreed that any notice, act or document provided to the Bank shall be binding and cause all the effects as provided for herein
with respect to all the other assignees, without any exception or limitation whatsoever. 
 Section 7.07: [Intentionally Omitted] 

[Intentionally Omitted] 
 Section 7.08: Severability

 The Parties hereby represent that the articles hereof are separable and that the nullity of one or more of them shall not affect any other articles
provided the spirit and intention of the Agreement subsist. In the event that any of the articles hereof is held null and void, the Parties shall do all reasonable effort to prepare and implement a legally valid solution that achieves the closest
result to that sought to be obtained with the section or article deemed null and void. 

 Section 7.09: Waiver or Delay in exercising Rights 

If either Party at any time fails to require the other Party to comply with any provision under this Agreement and/or the Loan Documents or to cure any
partial, late or defective compliance with any such obligation shall not be construed as a waiver, explicit or implicit, of any future due compliance or relevant cure, before the non-compliance is cured and/or
the cure has occurred or, at a future time, in the event that the non-compliance or partial, late or defective compliance shall occur or shall occur again, or the waiver, explicit or implicit, of the due
compliance or its cure, in case of partial, late or defective compliance with any other obligation under this Agreement and/or the Loan Documents. 

Section 7.10: Entire Agreement 
 This Agreement
constitutes the entire agreement between the Parties with respect to its purpose and superseded all prior agreements, whether written or oral, that may exist between them, except as otherwise expressly provided herein. 

Section 7.11: Cost Increase Clause 
 If due to any
change in the existing laws applicable to the Agreement and/or the Loan Documents on the Closing Date, legal requirement or the interpretation, or application thereof, or the Bank’s compliance with any guideline, request or order (having force
of law or not) by any central bank or similar local or foreign entity or any other Government Authority, as the case may be, issued after the Closing Date: 

i. Any reserve, special deposit or similar requirement against assets held by, deposits with or other liabilities for the account of, disbursements, loans or
other credits extended, or any other acquisition of funds, made by any office of the Bank that has not been included in the determination of the Interest Rate, is imposed, modified or deemed applicable; or, 

ii. Any other condition directly linked to any advance payment made hereunder or the obtaining of funds for it is imposed on the Bank; the Bank’s funding
rate increases and the result of any of the circumstances described above (ii.a) increases the Bank’s cost, in an amount that the Bank deems material to make or maintain the Loan; or (ii.b.) reduces any amount receivable hereunder set on the
Closing Date; 
 Then: 
 (a) The Bank shall notify the
Borrower in writing of any of the events described above, detailing the amounts and/or additional charges generated as a result of the imposition described in clauses (i) and (ii) above, for the Parties to reach an agreement. 

(b) In the event that thirty (30) calendar days have elapsed from the receipt of the aforementioned notice without the Borrower having replied to the
Bank’s notice, the Bank may request the prepayment of the Loan balance within thirty (30) calendar days following the submission of such request, in which case no penalty or prepayment fee shall apply. 

 Section 7.12: Confidentiality 

The Bank, the Borrower and any third parties to this Agreement, including the personnel and officers of each of them, are prevented from disclosing any
information related to any of the Parties that had not been disclosed to the public and that had been exclusively provided to them for the execution of this Agreement without the prior written consent of the Borrower or the Bank, unless
(i) they are their directors, officers, employees, agents, third-party legal advisors and counselors, or others directly involved in the transaction (provided the pertinent Party agrees to cause such persons to comply with the confidentiality
obligations hereunder), or (ii) they are possible participants or assignees of the transaction and, in such case, such advisors or possible participants shall be advised of the confidential nature of that information, or (iii) they are
required to disclose such information by a Government Authority in accordance with the applicable laws or is required to disclose such information in compliance with the rules of the securities market. 

Notwithstanding the foregoing, the Parties hereby agree that they may publicize the execution of the Loan through
non-mass media, according to terms defined by mutual agreement. Furthermore, in case the Lenders wish to publicize the execution of the Loan through mass media, they must have the prior consent of the
Borrower, which shall not be unreasonably withheld or delayed. 
 Section 7.13: Indemnity 

The Borrower undertakes to indemnify and hold the Bank and its relevant officers, directors, representatives, advisors, employees, and agents (each one of
them, an “Indemnified Person”) harmless from and against any damages, claims, losses, liabilities, debts and expenses (including attorney’s fees and expenses) incurred by any of them as a result of, arising from, or related to
the Loan Documents, except in the case of losses, claims, damages, debts and expenses arising out of fraud or gross negligence attributable to a Indemnified Person, where this is determined in a final and conclusive decision issued by a relevant
court. Any indirect, speculative, moral damages, loss of profit or the like are excluded from this obligation. 
 Should any Indemnified Person be involved
in any court or administrative action, proceeding or investigation arising from the activities carried out as set forth herein, the Borrower shall reimburse such Indemnified Person for any attorney’s fees and/or other costs that have been
incurred in the defense of such Indemnified Persons against such actions, proceedings or investigations, except that such action, proceeding or investigation is the result of inexcusable fault or negligence of the Indemnified Person, duly determined
in a final and conclusive decision by a relevant court. 
 Section 7.14: Dispute Settlement 

(a) Except for the provisions of subsections (B) and (C), any dispute, difference, litigation or claim that may arise between the Parties with respect to
the interpretation, execution, termination, effectiveness, nullity, voidability or validity of the Agreement, which cannot be settled by mutual agreement, shall be submitted to de jure arbitration. 

 There shall be three arbitrators. The Bank shall appoint one arbitrator and the Borrower shall appoint
another arbitrator. If one of the Parties is composed of several entities, then the arbitrator shall be appointed collectively by all said members. The first arbitrator shall be appointed through the request for arbitration and the second arbitrator
shall be appointed within a period of fifteen (15) calendar days upon receipt of the request from the requesting party. The two arbitrators thus appointed shall appoint the third arbitrator, who shall preside over the arbitration tribunal. If
the requested party fails to appoint its arbitrator within fifteen (15) calendar days upon receipt of the request from the requesting person or if within a period of fifteen (15) calendar days from the appointment of the last arbitrator,
the two arbitrators fail to reach an agreement on the appointment of the third arbitrator, the appointment of any such arbitrator shall be made, upon the request of either party, by the National and International Settlement and Arbitration Center of
the Lima Chamber of Commerce (“CCL”). 
 In the event that, for any reason, a substitute arbitrator shall be appointed, they shall be appointed
according to the same procedure indicated in this section for the appointment of the arbitrator being replaced. 
 The rules applicable to arbitration shall
be those of the CCL Arbitration Rules, and the language of the arbitration will be Spanish. 
 The place of arbitration shall be the city of Lima, as
determined by the arbitration tribunal. 
 The arbitration tribunal shall have a period of ninety (90) Business Days from its constitution to render
the relevant arbitration award, which shall be final. Likewise, the Arbitration tribunal may be in charge of accurately determining the dispute, and granting an extension if needed to render the award. 

In the event that any of the Parties files an appeal for annulment against the arbitration award, the Parties must grant a single joint and several,
irrevocable and automatically enforceable bank letter of guarantee issued by a top-tier bank, in favor of the Bank or the Borrower, as appropriate, (i) for the amount of the then outstanding obligations,
so as to ensure faithful compliance with the award; (ii) in the event that the arbitration award simultaneously grants pecuniary and non-pecuniary claims, the letter of guarantee must be for the latter in
the amount of USD 500,000 (Five Hundred Thousand U.S. dollars) that shall serve as a guarantee for the faithful compliance with the award. This requirement shall be enforceable even in cases where the judgment (in whole or in part) is declarative,
not assessable in money or requires an assessment for which other procedures or steps other than the simple mathematical calculation must be followed. 

The letter of guarantee shall be granted and delivered to the other Party prior to the filing of the appeal for annulment and shall be valid for no less than
one (1) year, and the guaranteed party shall be required to renew it in case the appeal for annulment has not been concluded in the original period thereof. 

 This letter of guarantee shall be returned to the Party filing the appeal for annulment only if such appeal
for annulment is declared founded by means of a final and binding court order. Otherwise, the letter of guarantee shall be enforced and applied as a penalty by the Bank or the Borrower, as the case may be. 

The expenses incurred by the arbitration shall be borne by the Parties in the portion as indicated in the award, and may be borne by a single Party, at the
discretion of the Arbitration tribunal. 
 (b) The enforcement of the Guarantees shall be carried out in accordance with the provisions of the agreement or
the agreements where the establishment of each of them is recorded. 
 (c) The enforcement of the Promissory Notes or other securities issued as provided
for herein, is subject to the jurisdiction of the judges and courts of the Judicial District of Lima-Cercado, and the Parties hereby waive the jurisdiction to which they might be entitled by their domiciles. 

Mr. Notary Public: 
 You are hereby requested, in your
capacity as Notary Public, to insert the other clauses required by law, including the documents as specified throughout the Agreement and copy of the document evidencing the granting of the powers of attorney of the Borrower’s representatives
for approval and execution of this Agreement. 
 Lima, November 11, 2019 

[Signature page in the following pages] 
 Signature page of the
Long-Term Loan Agreement dated November 11, 2019 entered into by and between BANCO BBVA PERÚ, as the lender, and CAMPOSOL S.A., as the borrower. 

By BANCO BBVA PERÚ: Frank Erick BABARCZY RODRÍGUEZ 

By BANCO BBVA PERÚ: Javier Alberto BALBÍN BUCKLEY 

By BANCO CAMPOSOL S.A.: Andrés Daniel COLICHÓN SAS 

By BANCO CAMPOSOL S.A.: Milagritos Tatiana OLIVERO GROPPO 
 This
Preliminary Agreement is authorized by Martín ARAMBURU VIVAS, as Attorney-at-law registered in Lima Bar Association under No. 72987. 

 EXHIBIT I 

LOAN DATA 
  

	1.	 Loan amount: Up to USD 20,000,000.00 (Twenty Million U.S. Dollars) 

 

	2.	 Currency: U.S. Dollars 

 

	3.	 First disbursement amount: USD 11,000,000.00 (Eleven Million U.S. Dollars) 

 

	4.	 Second disbursement amount: USD 9,000,000.00 (Nine Million U.S. Dollars) 

 

	5.	 Loan term: Six (6) years counted as from the closing date 

 

	6.	 Compensatory interest rate: an annual percentage rate in U.S. Dollars equal to a variable LIBOR + 3.20%

  

	7.	 Default interest rate: 2.00% annual percentage rate 

 

	8.	 Grace period: Two (2) years counted as from the closing date 

 

	9.	 Interest period: Every three (3) months counted as from the disbursement date 

 

	10.	 Number of amortizations: Fifteen (15) equal, consecutive, quarterly amortizations of the principal for 70%
of the amount and one (1) balloon amortization for the remaining 30% payable in the final installment. If the second disbursement is made, all the above-mentioned amortization dates must be the same for both disbursements in every case.

  

	11.	 Destination of the funds: Restructure financial liabilities and other corporate uses. 

 

	12.	 Disbursement opportunities and conditions: Two (2) disbursements, being the relevant disbursement notices
sent to the Bank, always during the availability period. 

  

	13.	 Availability period: As from the closing date to November
19th, 2019. 

 EXHIBIT II 

FEES AND EXPENSES 
  

	1.	 Structuring fee: 1.00% of the amount effectively disbursed under the loan payable on each disbursement date, as
appropriate. 

 EXHIBIT III 

GUARANTEES 
  

	 	A.	 Mortgage Agreement 

A mortgage was established on the following real property: 
  

	 	I.	 Real Property Description: Rural location of the real property: Nuevo San Vicente de Huangalá,
Property Unit with RR.CC. 27771, Area: 560,8291 hectares, District and Province of Sullana, Department of Piura. 

  

	 	1.1	 Filing Card: The real property is registered in Filing Card 04013278 (formerly,
Card 017706) of the Land Register of the Sullana Registration Office, Registration Area I – Piura Office. 

  

	 	1.2	 Owners: CAMPOSOL S.A. 

 

	 	1.3	 Liens and Encumbrances: The real property is free and clear of liens and
encumbrances. 

  

	 	1.4	 Others: 

 

	 	•	 	 Complementary works: The real property has a premixture warehouse, hazardous waste warehouse, hazardous material
warehouse, equipment warehouse, pre-packing area, warehouse, three (3) electrical rooms for each reservoir, pumping station, power station, workshops, three (3) filter lines (for each reservoir),
areas for medical unit offices, agricultural service office and toilets, human resources office, breast pumping room, mantle offices, production, toilets especially for the superintendent and manager, irrigation office, kitchen, dining room, meeting
room, toilet, sampling area, safety equipment warehouse, a housing (kitchenette, two (2) rooms, two (2) rooms with toilets), women’s and men’s toilets area, safety equipment warehouse, premixture warehouse, two
(2) checkpoints and scale room. 

  

	 	•	 	 Irrigation system 

  

	 	•	 	 Pipe rack 

  

	 	II.	 Factory 

In accordance with the filing card of the real property, the real estate is composed of a property unit under RR.CC. 27771, with a total area
of 560,8291 hectares. 
 B. Additional Guarantees 

Additionally, the Borrower shall create additional guarantees during the availability period, under standard terms, to the reasonable satisfaction of the Bank
with the aim of granting to the second disbursement the coverage described in Clause 5.01(k) of the Agreement. 

 EXHIBIT IV 

PROMISSORY NOTE 
 Amount: USD
                     
 Maturity date: 

CAMPOSOL S.A. (the “Debtor”), holder of Tax ID Number (RUC) 20340584237, a company duly recorded on Electronic Card 11009728 of the Registry of
Companies in and for Lima and Callao, Lima Office, with principal place of business for the purposes hereof at Av. El Derby 250, Piso 4, Urb. El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima, Peru, acting by and
through Andrés Daniel COLICHÓN SAS, holder of National Identity Card (DNI) 07866431, and Milagritos Tatiana OLIVERO GROPPO, holder of National Identity Card (DNI) 09533596, as per powers of attorney granted by means of
Shareholders’ Meeting held on September 30, 2019, owes and hereby undertakes to unconditionally pay, in accordance with the provisions provided for in this promissory note (the “Promissory Note”) on the maturity date
indicated herein, in readily available funds and in the same currency, to the order of BANCO BBVA PERU (the “Bank”) or to whom the Bank has transferred this Promissory Note, by making a deposit in checking account 0011-0378-01-00012916 in U.S. Dollars opened in the Bank, another account designated by the Bank, by a debit from any of the Debtor’s account held in the bank, or at any
institution where this Promissory Note may be cashed, the amount of USD                     
(                     U.S. Dollars), plus relevant compensatory and default interests and any other amount due and payable according to this
Promissory Note and the Loan Agreement (as defined herein). 
 The aforesaid amount is owed by the Debtor to the Bank on account of obligations under the
Long-Term Loan Agreement entered into by and between the Debtor and the Bank on [●] [●], 2019 (the “Loan Agreement”), and the Promissory Note shall be filled in pursuant to the instructions contained in Section 2.12 of the
Loan Agreement. 
 The Debtor unconditionally undertakes to pay, from the maturity date hereof to the date on which the payment is fully completed,
compensatory interests at an annual percentage rate equal to LIBOR plus 3.20%, calculated on a three hundred sixty (360) day year basis. Likewise, the Debtor undertakes to pay default interests, in addition to the aforementioned compensatory
interests, starting from the maturity date of this Promissory Note until the date of final payment, at an annual percentage rate equal to LIBOR plus 2%. This default interest shall be automatically applied without prior demand or request by the
Bank. 
 Any and all payments required hereunder must be made free and clear of any deduction of present or future taxes, except in the case provided for in
Section 7.06 of the Loan Agreement (related to an assignment of rights or contract involving greater taxes). Should the Debtor be legally required to carry out any withholding or deduction, the Debtor shall pay additional amounts as may be
necessary to ensure that the net amount received by the Bank be equal to that it would have received if such withholdings or deduction wouldn’t have been carried out, or the Debtor shall bear the

 
payment of such taxes and pay the applicable amounts directly to the Tax Administration Service when they fall due and payable so that the net amount received by the Bank be equal to that it
would have received if the Debtor wouldn’t have been legally required to carry out such withholdings or deductions. The Debtor also undertakes to pay any and all fees and expenses determined and notified by the Bank. Moreover, it is hereby
established that the obligations contained herein shall not be extinguished, even if this Promissory Note is affected by the fault of the Bank, thereby this Promissory Note becomes an agreement contrary to the provisions set forth in
Section 1233 of the Civil Code. In application of the provisions set forth in Section 49 of Law 27287 (the “Securities Act”), the Debtor expressly authorizes the Bank to extend the maturity date of the Promissory Note, without
the need for the Debtor to expressly execute it. It shall suffice that any extensions be recorded on this document without being necessary for the Debtor to sign it again to be fully valid. The amount of this Promissory Note and/or relevant
compensatory interest and/or default interest, as well as any other amount due hereunder must be paid by the Debtor in the same currency in which the amount of this Promissory Note is established. 

The Debtor unconditionally undertakes to pay to the Bank any and all collection expenses, notarial fees, as well as any other expenses, fees, court costs and
attorney’s fees, out-of-court costs, taxes and any other applicable item (including attorney’s and advisor’s fees) and/or any other amount owed to the
Bank in connection herewith. Furthermore, the Debtor undertakes to pay the compensatory and default interest rate agreed herein on said expenses, from the day following the maturity date until the full payment of the amount determined by the Bank.

 In accordance with Section 52 of the Securities Act, this Promissory Note does not need to be protested. Nevertheless, the holder is hereby
authorized to protest it on non-payment grounds if deemed convenient, in which case the Debtor shall bear the costs of such notarial procedure or relevant substitute formality. Protest may be made by serving a
notice to the Debtor’s domicile which is specified herein. This Promissory Note is subject to the provisions of the Securities Act and other regulations and laws applicable in the Republic of Peru. Any reference herein to the Bank shall be
understood to be made to any holder thereof, whether the Promissory Note is acquired through endorsement or any other legal means. By means of this act, the Debtor declares that it has received a copy of this Promissory Note to its full and entire
satisfaction. The Debtor is expressly subject to the jurisdiction and competence of the judges and courts of the Judicial District of Cercado de Lima, and waives the legal jurisdiction of its domicile. The Debtor indicate as its domicile for the
purpose hereof that specified in the introductory part hereof. 
 This Promissory Note consists of two (2) pages, which make up a single instrument.

 Lima, [●] [●], [    ]. 

CAMPOSOL S.A. 
 Tax ID Number (RUC) 20340584237 

Principal place of business: Av. El Derby 250, Piso 4, Urb. El Derby de Monterrico, District of Santiago de Surco, Province and Department of Lima. 

 Andrés Daniel Colichón Sas 

National Identity Card (DNI) 07866431 
 Milagritos Tatiana
OLIVERO GROPPO 
 National Identity Card (DNI) 09533596 

 EXHIBIT V 

PAYMENT SCHEDULE 
 The Parties agree that
this Payment Schedule is for reference purposes only and may be replaced and/or amended by the Bank on justified grounds, taking into account the provisions set forth in the agreement and other loan documents, with prior authorization in writing of
the Borrower. 
 In this regard, it is expressly established that, for the purposes of the above-mentioned amendment, it shall suffice that the Bank
notifies the Borrower in writing on the replacement of this Payment Schedule, attaching thereto a copy of the Substitute Schedule. 
 Without prejudice to
the foregoing, the Schedule Payment must be amended so that it reflects the second disbursement, if applicable, within three (3) business days after such disbursement. 
  

																													
	 Amount in Thousands of U.S. Dollars
	 
	 	  	First
Disbursement	 	  	Initial
Balance	 	  	Final
Balance	 	  	Amortization
Percentage	 	 	Amortization	 	  	Referential
Interest
(LIBOR + 3.20%
every three (3)
months)	 	  	Debt
Service	 
	 Installment 1
	  	 	11,000	 	  	 	—  	 	  	 	11,000	 	  				 	 	—  	 	  	 	270	 	  	 	270	 
	 Installment 2
	  				  	 	11,000	 	  	 	11,000	 	  				 	 	—  	 	  	 	270	 	  	 	270	 
	 Installment 3
	  				  	 	11,000	 	  	 	11,000	 	  				 	 	—  	 	  	 	270	 	  	 	270	 
	 Installment 4
	  				  	 	11,000	 	  	 	11,000	 	  				 	 	—  	 	  	 	270	 	  	 	270	 
	 Installment 5
	  				  	 	11,000	 	  	 	11,000	 	  				 	 	—  	 	  	 	270	 	  	 	270	 
	 Installment 6
	  				  	 	11,000	 	  	 	11,000	 	  				 	 	—  	 	  	 	270	 	  	 	270	 
	 Installment 7
	  				  	 	11,000	 	  	 	11,000	 	  				 	 	—  	 	  	 	270	 	  	 	270	 
	 Installment 8
	  				  	 	11,000	 	  	 	11,000	 	  				 	 	—  	 	  	 	270	 	  	 	270	 
	 Installment 9
	  				  	 	11,000	 	  	 	10,487	 	  	 	4.67	% 	 	 	513	 	  	 	270	 	  	 	783	 
	 Installment 10
	  				  	 	10,487	 	  	 	9,973	 	  	 	4.67	% 	 	 	513	 	  	 	257	 	  	 	771	 
	 Installment 11
	  				  	 	9,973	 	  	 	9,460	 	  	 	4.67	% 	 	 	513	 	  	 	245	 	  	 	758	 
	 Installment 12
	  				  	 	9,460	 	  	 	8,947	 	  	 	4.67	% 	 	 	513	 	  	 	232	 	  	 	746	 
	 Installment 13
	  				  	 	8,947	 	  	 	8,433	 	  	 	4.67	% 	 	 	513	 	  	 	220	 	  	 	733	 
	 Installment 14
	  				  	 	8,433	 	  	 	7,920	 	  	 	4.67	% 	 	 	513	 	  	 	207	 	  	 	720	 
	 Installment 15
	  				  	 	7,920	 	  	 	7,407	 	  	 	4.67	% 	 	 	513	 	  	 	194	 	  	 	708	 
	 Installment 16
	  				  	 	7,407	 	  	 	6,893	 	  	 	4.67	% 	 	 	513	 	  	 	182	 	  	 	695	 
	 Installment 17
	  				  	 	6,893	 	  	 	6,380	 	  	 	4.67	% 	 	 	513	 	  	 	169	 	  	 	683	 
	 Installment 18
	  				  	 	6,380	 	  	 	5,867	 	  	 	4.67	% 	 	 	513	 	  	 	157	 	  	 	670	 
	 Installment 19
	  				  	 	5,867	 	  	 	5,353	 	  	 	4.67	% 	 	 	513	 	  	 	144	 	  	 	657	 
	 Installment 20
	  				  	 	5,353	 	  	 	4,840	 	  	 	4.67	% 	 	 	513	 	  	 	131	 	  	 	645	 
	 Installment 21
	  				  	 	4,840	 	  	 	4,327	 	  	 	4.67	% 	 	 	513	 	  	 	119	 	  	 	632	 
	 Installment 22
	  				  	 	4,327	 	  	 	3,813	 	  	 	4.67	% 	 	 	513	 	  	 	106	 	  	 	620	 
	 Installment 23
	  				  	 	3,813	 	  	 	3,300	 	  	 	4.67	% 	 	 	513	 	  	 	94	 	  	 	607	 
	 Installment 24
	  				  	 	3,300	 	  	 	—  	 	  	 	30.00	% 	 	 	3,300	 	  	 	81	 	  	 	3,381	 
		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  				  				  	 	100	% 	 	 	11,000	 	  	 	4,968	 	  	 	15,968	 
		  				  				  				  	  
	  
	 	 	  
	  
	 	  	  
	  
	 	  	  
	  
	 

 EXHIBIT VI 

PERFORMANCE BOND 

                    , holder of Tax ID Number (RUC)
                , with principal place of business at
                    , acting by and through its General Manager,
Mr.                     , holder of National Identity Card (DNI)
                    , as per power of attorney recorded on Entry      of Electronic Card
             of the Registry of Companies in and for Lima, hereby issues this Performance Bond in favor of: 

BANCO BBVA PERÚ (“Bank”), holder of Tax ID Number (RUC) 20100130204, with principal place of business at Avenida República de
Panamá 3055, District of San Isidro, Province and Department of Lima, in order to ensure (under a sworn statement), as of the date of issue of this document, the full performance of the following obligations contained in the Long-Term Loan
Agreement entered into by and between the Debtor and the Bank on                      (“Loan Agreement”): 

 

	 	(i)	 Full performance of the affirmative and negative obligations contained in Sections 5.01 and 5.02 of the Loan
Agreement, which shall remain in full force and effect as of the date of issue of this document. 

  

	 	(ii)	 Full performance of financial obligations contained in Section 5.03 of the Loan Agreement, which shall
remain in full force and effect as of the date of issue of this document and in the following levels as of the closing of the six-month period ending on June 30 / December 31st, [●]: 

  

	 	1.	 Debt ratio less than or equal to 3.50X 

 

	 	2.	 Coverage ratio of debt service higher than or equal to 1.25X 

Likewise, the Borrower hereby states that if the information contained herein is not accurate, a case of breach of obligations shall be applicable in
accordance with the provisions set forth in Section 6.01 of the Loan Agreement, being the Bank entitled to take all pertinent actions established in Section 6.02 of the Loan Agreement. 

Lima,                     . 

 EXHIBIT VII 

DISBURSEMENT NOTICE 
 Lima, [date] 

Messrs. 
 BANCO BBVA PERÚ 

City, Country 
 Attention:
[                    ] 
 Dear sirs, 

We write to you in relation to the Long-Term Loan Agreement executed on [date]. 

In accordance with the provisions set forth in Section 3.02(H), we hereby request you to disburse the amount of USD [**]
(                     U.S. Dollars). Such amount must be disbursed to the following account: 

[Insert account information] 
 Moreover, we hereby state as
follows: 
  

	 	1.	 As of the date hereof, any and all representations and warranties made by our company in the agreement are
accurate, correct and complete under the terms specified in the above-mentioned document. 

  

	 	2.	 As of the date hereof, there have not been any fact that affects our shareholding and corporate structure or
our legal situation in such a manner that may cause a material adverse effect as per the agreement. 

  

	 	3.	 As of the date hereof, we have not breached any of the obligations under the responsibility of our company
specified in the agreement. 

  

	 	4.	 Guarantees have been created in accordance with the provisions of Section 2.11 of the agreement.

  

	 	5.	 The filing card [of the real property under the mortgage agreement in accordance with the provisions of
subsection (D) of Section 3.02 of the Agreement / property under the additional guarantees in accordance with the provisions of subsection (B) of Section 3.03 of the
Agreement] has been reserved. 

 Yours truly, 

 EXHIBIT VIII 

NOTICES 
 In accordance with the provisions
of Section 7.02 of the Agreement, the Parties agree that, for any notice to be valid towards the other party, it must be sent to the person(s) and to the domicile specified herein. 

By BANCO BBVA PERÚ 
 Name: José
Carlos VELÁSQUEZ 
 E-mail: jcvelasquez@bbva.com 

Telephone / cell phone: (511) 209 1343 / 971 153597 

By the Borrower 
 Name: Andrés Daniel
COLICHÓN SAS and Milagritos Tatiana OLIVERO GROPPO 
 E-mail: acolichon@camposol.com.pe /
molivero@camposol.com.pe 
 Telephone: (511) 634 7100 

EXHIBIT IX 
 COMMITMENT
LETTER 
 San Isidro, [●][●],[●]. 

Messrs. 
 BANCO BBVA PERÚ 

Av. República de Panamá, 3055, San Isidro 
 Lima,
Peru 
 Attention: Mr. [●] 
 Dear sirs, 

By means of this Commitment Letter, [●] (the “Company”) commits itself as follows: 

 

	 	•	 	 The payment to the Bank of a structuring fee equivalent to 1.00% of the total amount disbursed of the loan which
shall be paid on each disbursement date, as appropriate. 

  

	 	•	 	 The payment of legal counsel costs and other costs related to the loan. 

This commitment shall be in force during the term of the loan agreement. 

Yours truly, 
 (● / Officer’s name) 

National Identity Card (DNI) No. [●] 
 (● / Company)

 EXHIBIT X 

AFFIDAVIT 
 Lima,
[    ][    ],2019. 
 Messrs. 

MUÑIZ, OLAYA, MELENDEZ, CASTRO, ONO & HERRERA LAW FIRM 

Las Begonias 475, Piso 6 
 San Isidro 

Lima, Peru 
 Dear sirs, 

CAMPOSOL S.A. (“CAMPOSOL” or the “Company”, interchangeably) holder of Tax ID Number (RUC) 20340584237, with principal place
of business at Avenida El Derby 250, Piso 4, Urbanización El Derby de Monterrico, District of Santiago de Surco, Province and Department of lima, acting by and through [**], holder of National Identity Card [**], with the aim of updating the
Legal Report of Due Diligence issued in January 2018, requested by BANCO BBVA PERÚ as part of the medium-term financing (the “Financing”), states under oath, for the period counted from the date of the above-mentioned Legal
Report of Due Diligence to the date hereof, as follows: 
 Corporate Matters 
  

	 	1.	 It has not adopted, in its Shareholders’ Meetings or Board of Directors’ Meetings, any resolution
that may generate a material adverse effect (as this term is defined in the financing) as part of the financing. 

  

	 	2.	 It has not been informed on the creation of any charge, lien or encumbrance on the shares of stock of the
company. 

  

	 	3.	 It has not made amendments to its Corporate Bylaw that may generate a material adverse effect.

  

	 	4.	 It has not carried out a merger, demerger procedure or any other type of corporate reorganization, except for
those operations described in Exhibit XI (Corporate Reorganization). 

  

	 	5.	 It has substantially performed the obligations contained in the agreements in force and; therefore, no event of
breach has been generated during the development of its activities. 

  

	 	6.	 It has not executed any agreement (or there are no negotiations to execute one agreement) that may generate a
material adverse effect. 

  

	 	7.	 Except for those cases provided for in Exhibit 1-A hereof, CAMPOSOL has
not created or granted a guarantee over any asset of its property that may generate a material adverse effect. 

	 	8.	 All its insurance policies are valid and it has paid the relevant premiums in order to keep in force the
coverage of all insurance policies. 

 Tax Matters 
  

	 	9.	 It has submitted the income tax returns, paid the value-added tax, municipal taxes, property taxes and others
it is obligated to pay by the National Superintendency of Tax Administration (“SUNAT”) or other tax administration entity in relation to tax obligations. 

 

	 	10.	 It has the documentation that, at its reasonable discretion, supports each of the operations recorded in the
Income Statement (expenses and income) registered in the trial balances of years 2017 and 218, as well as their causal relationship. 

  

	 	11.	 It may be able to support in good faith its opinion on the correct implementation of the regulations relating
to income tax, value-added tax and temporary tax on net assets, if applicable, in case of a control by the Tax Administration. 

  

	 	12.	 It has not been notified on, is not aware of, the existence of any legal, arbitration proceeding and/or tax-administrative procedure, and no order, judgment and/or award has been issued in any legal and/or arbitration proceeding, of which CAMPOSOL has been a part, that may generate a material adverse effect.

 Labor Matters 
  

	 	13.	 It complies, in all material respects, with the labor, migration, social security and occupational health and
safety regulations that may be applicable, and has not breached any aspect that may generate a material adverse effect. 

  

	 	14.	 It reasonably complies with the provisions on recruitment of local and expatriate staff, and executes
employment agreements in accordance with the provisions of the current regulations. 

  

	 	15.	 It has included in its payroll all the income paid to its staff for remuneration, and there are no amounts paid
out of such payroll although they should be part thereof. 

  

	 	16.	 It has provided vacation time to its staff, and there are no staff with outstanding vacation pays which may
generate a material adverse effect. 

  

	 	17.	 It meets the regulations on recruitment of disabled and occupational health and safety staff who are essential
for the development of its activities. 

  

	 	18.	 There are no administrative proceedings filed by the Public Health Insurance System (ESSALUD), National
Superintendency of Tax Administration (SUNAT), Private Pension Fund Management Company (AFP), Government Pension 

	 	
Fund Management Agency (ONP), Ministry of Employment and/or National Superintendency of Labor Inspection (SUNAFIL) in relation to the payment of social insurance contributions, and/or performance
of general labor obligations, that may generate a material adverse effect. 

  

	 	19.	 It is not facing labor proceedings, in which it acts a defendant, on the grounds of a suspected risk of
occupational hazard, which may generate a material adverse effect. 

  

	 	20.	 It has not been subject to any penalty or fine for the breach of any of its labor obligations that may generate
a material adverse effect. 

 Intellectual Property Matters 
  

	 	21.	 Its distinctive signs are registered before the relevant authority, are in full force and effect, and are free
and clear of attachments, pledges or any other liens or charges registered on them before the National Institute for the Defense of Free Competition and the Protection of Intellectual Property (INDECOPI) 

Competence Matters 
  

	 	22.	 No investigations, administrative or legal proceedings have been filed against, or by, CAMPOSOL, that are in
process and involve an alleged breach of the competition law (fee competition, unfair competition, antidumping regulation, and market access regulations). 

Municipal Authorization Matters 
  

	 	23.	 It keeps in force the licenses and authorizations required for the functioning of the four
(4) establishments of CAMPOSOL which are the only establishments where it conducts business. The domiciles of such places are detailed below: 

  

	 	•	 	 Av. El Derby 250, Torre 2, Oficina 301-401, District of Santiago de
Surco. 

  

	 	•	 	 Av. Panamericana Norte km. 497, District of Chao, Province of Viru and Department of La Libertad.

  

	 	•	 	 Av. Fátima 127, Segundo Piso, Urbanización La Merced, District and Province of Trujillo, Department
of La Libertad 

  

	 	•	 	 Canal de Derivación Chira, Piura, km 48. 

 

	 	24.	 It has not been subject to penalties or administrative sanctioning proceedings in process for the
above-mentioned matters. 

 Environmental Matters 
  

	 	25.	 It does not have the health authorization related to the systems for the treatment of final disposal of
domestic waste water with infiltration with respect to the Terra Country Property. Nonetheless, such situation has not generated or, at its reasonable discretion, shall not generate a danger to life or risk to human health and safety, as well as
actual damage to the environment. 

	 	26.	 Although, during the second half of year 2015, CAMPOSOL exceeded the values of Chemical Oxygen Demand (DQO),
Biological Oxygen Demand (DBO) and fecal coliforms above the maximum limits of the World Bank in the Chao Plant, such situation has not generated a danger to life or risk to human health and safety, as well as actual damage to the environment.
Likewise, the company declares that, as of the date hereof, a similar situation has not happened again, i.e. CAMPOSOL has not exceeded the maximum limits of the World Bank in any of its activities. 

 

	 	27.	 CAMPOSOL has not submitted the Monitoring Report of the Chao Plant corresponding to the first quarter of year
2015. However, it states that in the aforementioned period it has not exceeded the environmental limits and; therefore, danger to life or risk to human health, as well as actual damage to the environment, have not been generated.

  

	 	28.	 In accordance with Section 66 of the Environmental Management Regulations of the agricultural sector,
Executive Order (Decreto Supremo) 019-2012-AG, it states that it is responsible for the emissions, effluents, dumping, discharges, solid waste, noise and values
exceeding the environmental regulations, as well as the damages to human health or security, ecosystems, natural resources, biological diversity in its multiple modalities and any other aspect produced as a result of its operations and/or
activities. Likewise, it declares that it performs the obligations arising from its approved environmental instruments, applicable environmental regulations and mandates of the competent environmental authority. In this regard, CAMPOSOL undertakes
to adopt prevention, control, mitigation, recovery, rehabilitation or compensation measures under the relevant environmental terms and conditions in accordance with the mandates established in Executive Order (Decreto Supremo) 019-2012-AG and other pertinent regulations in order to minimize the negative environmental impacts of its activity, if applicable. 

 

	 	29.	 From September 2017, the company has not undergone supervisions with observations, or no administrative
sanctioning proceedings have been initiated against it which has ordered the imposition of fines or corrective measures. 

Agro-Industrial Matters 
  

	 	30.	 Water exploitation permits are in force for its productive projects developed in the Terra Country Property,
Agro Alegre Country Property and the country properties located in Viru (as shown in Exhibit 1-A) and Chao Plant, except for the regularization procedures initiated under Executive Order (Decreto
Supremo) 7-2015-MINAGRI, particularly concerning San José and Tizal Country Properties, which, as of the date hereof, have been dismissed by the National Water Authority (ANA). It should be noted
that a two-year term has been granted to regularize the situation with the Special Chavimochic Project 

	 	
and the Concessionaire of the Chavimochic Project. Such term expires in December 2019. Likewise, the volumes approved in the water exploitation permits are sufficient to fully meet the water
demand of its productive projects. 

  

	 	31.	 The water exploitation permits in force are registered with the Administrative Register of Water Rights (RADA)
of the ANA. 

  

	 	32.	 The San José Country Property is made up of forty-eight (48) parcels of land, as described in
Administrative Resolution 065-08-GRLL-GA/ATDRMVCH, located outside the area of the Special Chavimochic Project (PECH), for which
reason the San José Country Property would not be benefited from the water reserve established for the above-mentioned project. In this regard, since there is no water exploitation permit for this country property, the company and the
Pressurized Irrigation User Board are conducting all the procedures necessary to regularize this situation with the aim of incorporating these parcels of land in the PECH as established by the ANA, and thus be vested with the rights to use water
from the water resource reserve of the project. 

  

	 	33.	 It has no outstanding payment obligations towards the Pressurized Irrigation User Board in Moche, Viru, and has
not outstanding payment obligations towards the ANA. 

  

	 	34.	 It has no existing administrative sanctioning proceedings before the ANA. 

 

	 	35.	 It has no claims or complaints related to water resources, except for the complaint filed by the User Board of
the Chao Irrigation Sub-District on June 13, 2018, notified to CAMPOSOL on November 5, 2018, by means of which the User Board claims for damages to the irrigation infrastructure and the non-correction of observations made by the ANA in the construction of a drain-pipe. On December 11, 2018, the inspection of the place was carried out by the ANA, the Manager of the Irrigation Users Board in
Chao, the Chairman of the Board of Directors of the Irrigation Commission of Lateral Side 5B and Representatives of CAMPOSOL in which the following was observed: 1) there were no damages; 2) the drain-pipe constructed aims to lower the water table;
3) there were a conciliation between all the parties; and 4) it was the obligation of the Users Board of the Chao Irrigation Sub-District to incorporate the drain-pipe in its Infrastructure’s Operation
and Maintenance Plan. 

 Legal Proceedings and Administrative Procedures 

 

	 	36.	 It has not been notified on, has not been aware of, the existence of any legal, arbitration proceedings and/or
administrative procedure, investigations or summary administrative procedures of any nature, pending or threatened, and no resolution, judgment and/or award has been issued in any legal and/or arbitration proceedings of which CAMPOSOL has
been a part or in which it has been involved that generates a material adverse effect. 

 Real Property Matters 
  

	 	37.	 From September 2017, new filings in the cards of the real properties owned by CAMPOSOL has been registered as
detailed in Exhibit 1-A, which are linked to the financings previously reported, which do not generate or shall not generate a material adverse effect. 

 

	 	38.	 It has not purchased new properties since September 2017, except for parcel of land B6 – PE 04013647
described in Exhibit 1-A. 

  

	 	39.	 It has no real estates registered in the relevant Public Records Office, except for the parcel of land called
“Prodex” described in Exhibit 1-B. 

  

	 	40.	 There are no peasant or native communities within the real estates owned by CAMPOSOL. 

 

	 	41.	 There are no agreements reached with peasant communities for the creation of surface, beneficial interest or
easement rights. 

  

	 	42.	 There are no areas owned by the State within the real estates exploited by the company for the performance of
its operations. 

  

	 	43.	 There are no social support agreements or others executed with third parties (individuals) or peasant or native
communities that are affected, either directly or indirectly, by the operations of the company, except for the agreement executed with the peasant community of Viru on September 12, 2018 for the construction of bridges/sewer system over
drain-pipe Bitin 1 that enables the community to go from one side to the other. 

  

	 	44.	 There are no claims or complaints filed by peasant or native communities, owners or occupiers affected by the
operations of CAMPOSOL, except for that filed by the peasant community of Viru in relation to the inability to transit over the drain-pipe which is connected with the foregoing point, but does not generate or shall not generate a material adverse
effect. 

 Other Contingencies 
  

	 	45.	 It is not aware of any other circumstance originated from September 2017 that generates a material adverse
effect. 

 Finally, the company declares that the representative who executes this document is duly empowered to issue this type of
statements, and that the content hereof is true and exact. 
 Yours truly, 

[Name of the Attorney-in-Fact] 

[Title] 
 CAMPOSOL S.A. 

 EXHIBIT 1-A 

 

																	
	 TOWN

PROVINCE
	  	 COUNTY

PROPERTY
	  	 REGISTERED

DESIGNATION
	  	 REGISTRATION

CARD
	  	 REGISTERED

HECTARES
	  	 LIENS AND ENCUMBRANCES
	  	 MORTGAGES
	  	MORTGAGE
AMOUNT	 
	 VIRU
	  	FRUSOL I y II (MAR VERDE BAJO)	  	Parcel 7B-I (2)	  	4020046	  	313.35	  	Interbank Trust	  		  	 	—  	 
	 VIRU
	  	Parcel 7C (2)	  	4020048	  	914.93	  	Interbank Trust	  		  	 	—  	 
	 VIRU
	  	MAR VERDE ALTO	  	Parcel 7C (1)	  	4056436	  	582.3834	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	Parcel 7B-I (1)	  	4056437	  	6.3594	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	Parcel 7B-I (1)	  	4056438	  	668.8953	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	Parcel 7C (1)	  	4052409	  	10.5589	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	AGROMÁS	  	Parcel 7D-1 (P)	  	4028966	  	413.79	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375.00	 
	 VIRU
	  	GLORIA	  	Parcel 7B-II	  	4006460	  	1018.4	  	Syndicated Trust NY*	  		  			
	 VIRU
	  	FUNDO 7A. FRUSOL III	  	Parcel 7A-I	  	11031079	  	351.97	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	FUNDO 7A. FRUSOL IV	  	Parcel 7A-II-A	  	11122986	  	61.21	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	Parcel 7A-II-B	  	11122987	  	193.03	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	FUNDO 7A. YAKUY MINKA	  	Parcel 7A-III	  	11031110	  	1405.11	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	FUNDO 7A VALLE PERDIDO	  	Parcel 7A-IV	  	11048175	  	750.16	  	Syndicated Trust NY*	  		  	 	—  	 

																	
	 VIRU
	  	EL TIZAL	  	VD.71D. TI-6	  	4007750	  	9.04	  	Syndicated Trust NY*	  	—  	  	 	—  	 
	 VIRU
	  	VD.TI-12	  	11125419	  	7.3485	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	VD. TI-12A	  	11123614	  	9.1186	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	VD. TI.-31	  	11088678	  	22.12	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	NAPO (DB5-I)	  	Parcel DB5-I	  	4007752	  	169.8	  	Syndicated Trust NY*	  	—  	  	 	—  	 
	 VIRU
	  	COMPOSITAN II	  	Parcel Compositán II	  	11048254	  	1474.24	  		  	BBVA Continental	  	 	USD 12,330,194.72	 
	 VIRU
	  	COMPOSITAN III	  	Parcel Compositán III	  	11048205	  	2304.12	  	—  	  	BBVA Continental	  	 	USD 12,330,194.72	 
	 VIRU
	  	AGRICULTOR	  	Parcel 1	  	4000910	  	1132.538	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	AEROPUERTO	  	Parcel 4	  	4000913	  	266.92	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	PLANTA INDUSTRIAL	  	Parcel 2	  	4000911	  	24.292	  	Interbank Trust	  		  	 	—  	 
	 VIRU
	  	CARMEN ALTO (CHAO)	  	Parcel Carmen Alto	  	4048874	  	0.76	  	Syndicated Trust NY*	  		  	 	—  	 
	 VIRU
	  	SAN JOSÉ, VIRÚ	  	A-1	  	4013092	  	4.5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	2-A	  	4012564	  	4.9	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	3-A	  	4012567	  	4.9	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-5	  	4028163	  	4.9	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-11	  	4011407	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-12	  	4013127	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-13	  	4013128	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-14	  	4014129	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-15	  	4026999	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-19	  	4019995	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-20	  	4013157	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-21	  	4013156	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-23	  	4015178	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-24	  	4015179	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-25	  	4016717	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-26	  	4012581	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 

																	
	 VIRU
	  		  	A-27	  	4012580	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-28	  	4012592	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-32	  	4015964	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-33	  	4016612	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-34	  	4013561	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-35	  	4013560	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-36	  	4019993	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-37	  	4020250	  	4.9	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-39	  	4016450	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-41	  	4015335	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-43	  	4022598	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-44	  	4022430	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-45	  	4021853	  	4.9	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-46	  	4015191	  	4.9	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-47	  	4011582	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-48	  	4011581	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-50	  	4012602	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-51	  	4028473	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-52	  	4015231	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-53	  	4027101	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-54	  	4016427	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-55	  	4016096	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-56	  	4016588	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-57	  	4027025	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-58	  	4015407	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-59	  	4020822	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-60	  	4019959	  	6.31	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 

																	
	 VIRU
	  		  	A-61	  	4015072	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-62	  	4015946	  	5	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-63	  	4015885	  	5.34	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-64	  	4015421	  	5.34	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	A-65	  	4015199	  	5.34	  	Interbank Trust	  	Interbank	  	 	USD 20,145,375	 
	 VIRU
	  	RUPERTO	  	B-6	  	4013647	  	5.04	  	—  	  	Legal Mortgage	  	 	USD 15,000.00	 
	 VIRU
	  	WAWA WASI	  	Parcel 14A	  	P14163049	  	0,0483	  	—  	  	—  	  	 	—  	 
	 VIRU
	  	SINCROMAX	  	Parcel 3-A	  	3127933	  	150.18	  	Granted in usufruct to Camposol	  	Mortgage in favor of BBVA - Sincromax SA	  	 	USD 270,000.00	 
	 PIURA
	  	FUNDO TERRA	  	Fundo Balfass	  	11077707	  	175	  	Syndicated Trust NY*	  		  	 	—  	 
	 PIURA
	  		  	4013099	  	150	  	Syndicated Trust NY*	  		  	 	—  	 
	 PIURA
	  		  	4033518	  	43	  	Syndicated Trust NY*	  		  	 	—  	 
	 PIURA
	  		  	4055086	  	12.1500	  	Syndicated Trust NY*	  		  	 	—  	 
	 PIURA
	  		  	4075274	  	17.29	  	Syndicated Trust NY*	  		  	 	—  	 
	 PIURA
	  		  	4004395	  	300	  	Syndicated Trust NY*	  		  	 	—  	 
	 PIURA
	  	Hilbck	  	4012857	  	15	  	—  	  		  	 	—  	 
	 PIURA
	  	Las Dunas	  	4131813	  	200	  	For registration of Syndicated Trust NY	  	Legal Mortgage in favor of the Regional Agrarian Bureau	  	 	PEN 11,607.75	 
	 SULLANA
	  	FUNDO AGROALEGRE	  		  	4013278	  	560.8291	  		  		  	 	—  	 
	 SULLANA
	  	FUNDO HUANGALÁ	  		  	4012250	  	30.4598	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013546	  	13.2144	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012773	  	49.146	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013574	  	16.7773	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013282	  	15.5142	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012060	  	102.9308	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4011832	  	376.1258	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	11088183	  	53.0388	  	Syndicated Trust NY*	  		  			

																	
	 SULLANA
	  		  		  	4013356	  	5.9521	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012009	  	11.72	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013299	  	6.6594	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013365	  	11.3609	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012378	  	4.8195	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013724	  	16.5	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013143	  	6.4980	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013753	  	19.0732	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4018614	  	19	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4018615	  	19	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4015304	  	10.5	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4015303	  	10.5	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013055	  	10.5	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	11035305	  	4.7315	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4018985	  	10.374	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4018986	  	10.374	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	11036431	  	5.75	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013643	  	5.75	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013645	  	5.8	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	11033891	  	5.8	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	11036426	  	3.5	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013579	  	3.5275	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013581	  	31.741	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012928	  	20.1673	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012582	  	10.3585	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4018993	  	9.5638	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	11036425	  	10.5275	  	Syndicated Trust NY*	  		  	 	—  	 

																	
	 SULLANA
	  		  		  	11036427	  	10.5275	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4013276	  	10.9689	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	11036581	  	11.4273	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4019067	  	10.7756	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	11036599	  	19	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	11035460	  	10.5	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012930	  	14.25	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012181	  	15	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4015479	  	10.9204	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4015478	  	10.9204	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012180	  	15	  	Syndicated Trust NY*	  		  	 	—  	 
	 SULLANA
	  		  	4012253	  	10	  	Syndicated Trust NY*	  		  	 	—  	 

  

	*	 Title pending registration 

 EXHIBIT 1- B: Camposol Properties Not Registered
with the Public Records Office 
  

													
	 TOWN /
PROVINCE
	  	
COUNTY
PROPERTIES
	  	
REGISTERED
DESIGNATION
	  	
REGISTRATION
ENTRY
	  	
REGISTRATION
CARD
	  	
REGISTERED
HECTARES
	  	
LIENS AND ENCUMBRANCES

	PIURA	  		  	Prodex	  	—  	  	—  	  	100	  	—  
	VIRU	  	Raul Peña	  	—  	  	—  	  	291	  	13.2344	  	
	VIRU	  	Raul Peña	  		  		  	298	  	0.4021	  	
	VIRU	  	Gregoria
Velasquez	  	—  	  	—  	  	294	  	2.3647	  	
	VIRU	  	Manuel
Velasquez	  		  		  	293	  	7.09	  	
	VIRU	  	Manuel
Velasquez	  	—  	  	—  	  	—  	  	0.2891	  	

 EXHIBIT XI 

CORPORATE REORGANIZATION 
  

	A.	 Incorporation of companies: The Borrower is in the process of incorporating five
(5) companies under Peruvian law to carry out the spin-offs described throughout this Exhibit XI. Likewise, a new company is being incorporated in Cyprus (“Chipco”), with the same shareholding structure as the current Camposol
Holding PLC. Finally, once the reorganizations described in this Exhibit XI have been completed, new companies shall be organized in Switzerland, Spain, Panama, Mexico and China. 

 

	B.	 Capital increases: The Borrower shall carry out a capital increase in Marinasol
S.A. (“Marinasol”) through a capital contribution in cash. On the other hand, Chipco shall carry out a capital increase in Grainlens S.A.C. (“Grainlens”), a shareholder of the Borrower, by means of a capital
contribution in cash. 

  

	C.	 Corporate Reorganization I: Spin-off of
Grainlens in favor of Grainlens II (in process of being incorporated), involving the transfer of an equity block made up, among others, of shares issued by Blacklocust S.A.C. (“Blacklocust”), a shareholder of the Borrower.

  

	D.	 Corporate Reorganization II: Spin-off of
Blacklocust in favor of Blacklocust II and Blacklocust III (both Newcos in process of being incorporated), involving the transfers detailed herein below: 

	 	•	 	 An equity block in favor of Blacklocust II made up, among others, of shares issued by the Borrower; and

  

	 	•	 	 An equity block in favor of Blacklocust III made up, among others, of shares issued by Madoca Corp. S.A.C
(“Madoca”) and Siboure Holdings S.A.C. (“Siboure”), both shareholders of the Borrower, Campoinca S.A. (“Campoinca”) and the Borrower. 

 

	E.	 Corporate Reorganization III: Spin-off of
the Borrower in favor of Camposol II and Camposol III (both Newcos to be incorporated by virtue of the spin-off), involving the transfers detailed herein below: 

 

	 	•	 	 An equity block in favor of Camposol II made up, among others, of a percentage of its shares in Marinasol; and

  

	 	•	 	 An equity block in favor of Camposol III made up, among others, of all its shares in Marinasol, Campoinca and
Madoca, as well as accounts receivable that the Borrower maintains—as creditor—against Camposol Holding PLC and Marinasol. 

After the entry into force of Corporate Reorganization II, and within the six-month period established
in corporate law, the plurality of shareholders of the Borrower shall be restored via the transfer of one or more shares to a company linked to the Borrower’s group. 

	
	

	
	

 EXHIBIT XII 

FORM OF NOTICE OF ASSIGNMENT 
 San Isidro,
[●] [●], [●] 
 Messrs. 

[                ] 

San Isidro 
 Lima, Peru 

Attention: Mr. [●] 
 This is to inform you that, in
relation to the Long-Term Loan Agreement executed on [    ] and up to an amount of [    ] (hereinafter, the “Agreement”), the Bank has made an Assignment of Rights as established in Section 7.06
of the Agreement in favor of [    ] (hereinafter, the “Assignee”), for a percentage equivalent to [    ] % of the full amount of the rights contemplated in said instrument. 

As a result of the foregoing, as of the date hereof, you must pay the amounts corresponding to the Installments, as well as the Taxes, fees and any other
amount stipulated in the Agreement, for an amount equivalent to the percentage of the Assignment of Rights, in the following Assignment Account: 

Checking Account No. ...................... whose holder is the Assignee. 

In this regard, by virtue of this Assignment of Rights, the Payment Schedule is modified as detailed in the document attached to this communication. 

Likewise, the Assignee hereby declares to know the entire content of the Agreement, which it undertakes to observe and respect without reservations,
including, but not limited to, the provisions contained in Section 7.06 of said Agreement. 
 ON BEHALF OF THE BANK: 

(● / Officer’s name) 
 National Identity Card (DNI) No.
[●] 
 (● / Company) 
 ON BEHALF OF THE
ASSIGNEE: 
 (● / Officer’s name) 
 National
Identity Card (DNI) No. [●] 
 (● / Company) 

 EXHIBIT XIII 

JOINT AND SEVERAL BOND AGREEMENT OF MARINASOL S.A. 

To the Notary Public: 
 You are hereby requested, in your
capacity as Notary Public, to enter in your Notarial Record Book an instrument evidencing the Joint and Several Bond Agreement entered into by and between the JOINT AND SEVERAL GUARANTOR and BANCO BBVA PERU, a banking institution
incorporated under the laws of the Republic of Peru (the “BANK”). The information and particulars of the Parties hereto are shown in the introductory part of this instrument, which is executed under the following terms and conditions: 

ONE: The JOINT AND SEVERAL GUARANTOR hereby grants in favor of the BANK, an unconditional irrevocable, joint and several bond, of
automatic execution upon request of the BANK, in the event of breach and expressly waiving the benefit of excussio, to support the obligations of CAMPOSOL S.A. (The “CLIENT”), for up to the total amount of [indicate amount] (the
“Secured Obligations”), arising from the Loan Agreement entered into by and between the CLIENT and the BANK on [*] [*], 2019 (the “Loan Agreement”). 

The JOINT AND SEVERAL GUARANTOR hereby places on record that its bond is indivisible and unlimited, that is, it covers the principal as well as compensatory
and default interests, taxes (if any), additional costs, fees, duly documented in- or out-of-court expenses, if applicable,
including, in the case of enforcement of the bond, any duly documented professional fees that the BANK may agree to pay for the attorneys to whom advise is requested, pursuant to the terms and conditions of the Loan Agreement. 

This bond is granted for an indefinite period of time, and shall remain in force for as long as the CLIENT’s Secured Obligations owed to the BANK and
described in this section remain outstanding, expressly waiving the right established in Section 1899 of the Civil Code. Consequently, the BANK may request directly from the JOINT AND SEVERAL GUARANTOR the honoring of this bond. Similarly, the
BANK shall require the honoring of this bond through an uncertified or notarized letter addressed to the JOINT AND SEVERAL GUARANTOR’s principal place of business, stating that the CLIENT(S) has (have) failed to partially or fully pay the
Secured Obligations. The notice shall take full effect upon arrival at its destination; and in the event that the JOINT AND SEVERAL GUARANTOR fails to honor his bond within forty-eight (48) hours of receiving such request, the BANK may proceed
in accordance with the provisions of the following section. Without prejudice to the aforementioned period, the BANK may carry out preservation acts concerning its credit, being empowered to block any credit balances existing in the accounts held by
the JOINT AND SEVERAL GUARANTOR, from the moment the Secured Obligations become due and payable, which may be enforced upon expiration of the term indicated above. 

 TWO: The JOINT AND SEVERAL GUARANTOR hereby undertakes to reimburse the BANK, upon its
first request, the amount that the latter requests to pay to cover the Secured Obligations. 
 In this connection, the JOINT AND SEVERAL GUARANTOR expressly
and irrevocably authorizes the BANK to charge the amounts arising from the settlement of the Secured Obligations to the accounts held by the JOINT AND SEVERAL GUARANTOR in the BANK, regardless of the currency, even when said accounts do not have
sufficient funds, or to apply the securities or assets owned thereby that may be in the possession of the BANK to the full or partial payment of the aforementioned obligations at the time they become due and payable, and without the need for prior
declaration in default. In addition, the JOINT AND SEVERAL GUARANTOR also authorizes the BANK to carry out the corresponding purchase or sale of foreign currency, as applicable, at the exchange rate in force in the BANK, on the date of the
aforementioned transaction. 
 THREE: The JOINT AND SEVERAL GUARANTOR agrees to participate in any extension, reduction, expansion or
refinancing of the Secured Obligations, which the BANK may deem convenient to grant to the CLIENT, and which are hereby expressly accepted, even when they involve a novation, expressly placing on record that even when they do not participate in such
credit operations, it shall be clearly understood that the JOINT AND SEVERAL GUARANTOR shall assume responsibility as to said operations towards the BANK, until such time as all the Secured Obligations are paid off, without any reservation
whatsoever. 
 FOUR: This Agreement shall be governed by the provisions set forth in Sections 1183, 1868 et seq. of the Civil
Code. 
 FIVE: For all the purposes hereof, the parties establish as their domiciles those indicated in the final part of this
Agreement, to which all applicable communications and/or court or out-of-court notices shall be addressed. 

Any change of address shall be communicated to the other party by notarized letter, indicating the new address, which must be located within the urban area of
this city. Any such change shall be effective as of the third business day of receipt by the counterparty. 
 SIX: The parties submit
themselves to the jurisdiction of the Judges, Courts and Tribunals of the judicial district of Cercado de Lima, for the settlement of any controversy that may arise in the fulfillment of this Agreement. 

You are hereby requested, in your capacity as Notary Public, to insert any additional clauses required by law, as well as the corresponding inserts. 

Entered into in the City of             , this      day of
            , 2019. 

 ON BEHALF OF THE JOINT AND SEVERAL GUARANTOR: 

 

					
	CORPORATE NAME: [*]	 		 	
			
	TAX ID NUMBER (RUC): [*]	 		 	
			
	Principal place of business: [*]	 		 	
			
	REPRESENTATIVE: [*]	 		 	
			
	Power of Attorney registered in [*].	 		 	
			
	  
	 		 	  

	SIGNATURE AND SEAL	 		 	SIGNATURE AND SEAL

  

					
	ON BEHALF OF THE BANK:	 		 	
			
	CORPORATE NAME: BANCO BBVA PERU	 		 	
			
	Principal place of business: [                    ]	 		 	
			
	REPRESENTATIVE: [                    ]	 		 	
			
	Power of Attorney registered in [                    ].	 		 	
			
	  
	 		 	  

	SIGNATURE AND SEAL	 		 	SIGNATURE AND SEAL

 EXHIBIT XIV 

JOINT AND SEVERAL BOND AGREEMENT OF CAMPOSOL COLOMBIA S.A. 

WITNESSETH HEREBY the Joint and Several Bond Agreement entered into by and between: 
  

	(i)	 CAMPOSOL COLOMBIA S.A., a business corporation validly incorporated and existing under the laws of the Republic
of Colombia, acting by and through [●], Mr. [●], holder of [●], acting in his capacity as legal representative vested with sufficient powers to act as such (“Camposol Colombia”); 

 

	(ii)	 [●], a publicly-held corporation validly incorporated and existing under the laws of the Republic of
Peru, holder of Tax ID Number (RUC) [●], with principal place of business for the purposes hereof at [●], acting by and through its attorneys-in-fact,
Messrs. [●], holder of National Identity Card (DNI) [●], and [●], holder of National Identity Card (DNI) [●], as per power of attorney registered in Electronic Card [●] of the Registry of Companies in and for Lima and
Callao (the “Bank”), who executes this agreement being fully aware of its contents and for the purposes hereof set out in Sections 2(i), 4, 10 and 11 of this instrument. 

The Parties have agreed to enter into this Joint and Several Bond Agreement without the benefit of excussion, as set forth below: 

WHEREAS: 
  

	(i)	 In order to obtain financing in the Peruvian market, CAMPOSOL S.A. (the “Borrower”) received a Loan
in accordance with the terms of the Long-Term Loan Agreement, entered into with the Bank (the “Loan Agreement”). 

  

	(ii)	 In compliance with the granting of the Loan referred to in the previous paragraph, the Guarantors have decided
to enter into this joint and several bond agreement without the benefit of excussio, payable upon request, with the purpose of guaranteeing the performance of the Borrower’s obligations established in the Loan Agreement, and under the following
terms: 

  

	1.	 Purpose: The Guarantor, by virtue of this joint and several bond agreement without the benefit of
excussio and payable upon request (the “Guarantee”), guarantees the performance of the Borrower’s obligations that may be enforceable from time to time under or in connection with the Loan Agreement (the “Obligations”), in
accordance with the terms and conditions established in this Guarantee. 

  

	2.	 Obligations of the Guarantor: Without prejudice to the other provisions of this Guarantee, the
Guarantor undertakes as follows: 

  

	 	(i)	 Pay any and all sums of money left unpaid by the Borrower, which may become due and payable from time to time
by the Borrower and which are 

	 	
owed under or in connection with the Loan Agreement, within three (3) Business Days following the date on which the Bank, or any third party acting on its behalf, notifies the Guarantors of
the breach of [●] of any of the Obligations and the amount of said breach, indicating the bank account number in which the payment must be made. The Parties and the Bank accept that, whenever it is legally possible, said payment may be made in
foreign currency from accounts held by the Guarantor inside or outside of Colombia. 

 The Obligations include, but are not
limited to, the following: (a) the payment of the principal and interests of the Loan disbursed within the framework of the Loan Agreement; and (b) the payment of indemnities as a consequence of the Borrower’s breaches under the Loan
Agreement; 
  

	 	(ii)	 Pay, when required, all reasonable costs and expenses (including, but not limited to, reasonable
attorneys’ fees or other advisors’ fees) actually incurred by the Bank in connection with (a) the enforcement of the Guarantee, which shall be understood as occurred with the sole requirement formulated by the Bank in accordance with
the provisions of the first paragraph of subsection (i) above; (b) the response to any summons or notice directly related to the Guarantee; or (c) any other legal procedure related to the enforcement or validity of the Guarantee; and

  

	 	(iii)	 Serve, in a timely manner, written notice on the Bank of any Insolvency Event (as this term is defined below)
in relation to the Guarantor. “Insolvency Event” shall be understood as: (a) the statement by the Guarantor about its inability to pay its debts when they become due and payable, or any other statement that has similar effects;
(b) the inclusion of the Guarantor in a bankruptcy or restructuring procedure of its obligations or the intervention of a public entity, or any other procedure that has similar effects (other than the restructuring procedure provided for in Law
1116 of Colombia passed in 2006, and of any other restructuring procedure that has an effect equal or similar to those contemplated in said law); or (c) the declaration of control (in accordance with Section 85 of Law 222 passed on 1995)
or the intervention of the competent Superintendency in relation to the Guarantor. 

  

	3.	 Taxes: Any payment made by the Guarantor under this Guarantee must be made free of all deductions
for present and future taxes, charges, contributions, deductions, fees or withholdings, established by any competent jurisdiction, excluding, in the case of bondholders, the taxes levied on their income and the taxes, charges, contributions,
deductions, fees or withholdings necessary for the operation applicable to the Bank, regardless of the fulfillment or not of the Bank’s obligations (all taxes, charges, contributions, deductions, fees, withholdings or obligations not excluded
under this Guarantee, hereinafter the “Taxes”). If the law requires the Guarantor or any financial entity to deduct and/or withhold any Tax with respect to any amount that must be paid to the Bank under this Guarantee, (a) the amount
to be paid must be increased as necessary so that, after making 

	 	
all the necessary deductions and/or withholdings (including the deductions and withholdings applicable to the additional amounts that must be paid in accordance with this section), the Bank
receives an amount equal to the amount that it would have received if such deductions and/or withholdings had not been made; (b) the Guarantor and/or the financial entity through which the payment is made shall make such deductions and/or
withholdings; and (c) when the Guarantor must make the withholding or deduction, the Guarantor must pay the entire amount withheld and/or deducted directly to the competent tax authority or other authority in accordance with the applicable law.

  

	4.	 No Substitution: The Guarantor undertakes not to substitute or assign, either in whole or
in part, this Guarantee to another individual or legal entity, without obtaining first the Bank’s written authorization. 

  

	5.	 First-Demand Guarantee: This Guarantee is and has the effects of a first-demand guarantee.
Therefore, from now on the Guarantor waives to object to the payment corresponding to the fulfillment of the Obligations due to any factual or legal circumstance, other than the absence of notice referred to in subsection (i) of Section Two of
this Guarantee, including, but not limited to, the rights enshrined in Sections 2381, 2382, 2383, 2392 and 2394 of the Colombian Civil Code (which the Guarantor expressly waives); and any and all other situations that may or may not be based on the
financial situation of the Borrower or on a direct or indirect claim from the Bank. 

  

	6.	 Effective Term of the Guarantee: This Guarantee is established from the execution of this
document until each and every one of the Obligations undertaken by the Issuer in relation to the Loan Agreement is fully satisfied. 

  

	7.	 Representations and Warranties: The Guarantor represents and warrants that, as of the execution
date of this Guarantee, the following statements are true and may be relied upon: 

  

	 	(i)	 Camposol Colombia is a company duly incorporated and existing under the laws of the Republic of Colombia;

  

	 	(ii)	 The Guarantor has full corporate capacity and has the necessary authorizations and records (except for those
that are needed after the signing of the Guarantee), in accordance with its bylaws and the applicable law, to perfect and enforce the Guarantee, as well as to comply with the obligations established therein; 

 

	 	(iii)	 The Borrower is part of the Guarantors’ business group under the terms of Section 28 of Law 222 of
Colombia passed in 1995; 

  

	 	(iv)	 As of the date of granting of this Guarantee, the Guarantor does not have any legal restriction that prevents
the granting of this Guarantee; 

	 	(v)	 Neither the execution nor the fulfillment by the Guarantor of this Guarantee contravene the laws of the
Republic of Colombia, the bylaws of the Guarantor, nor any contractual provision or material agreement signed by the Guarantor; 

  

	 	(vi)	 The Guarantor has not breached any material contract or agreement to which it is a party or by virtue of which
it is bound and that may affect the fulfillment of the obligations established in this Guarantee; 

  

	 	(vii)	 The Guarantor has not incurred any Event of Insolvency; 

 

	 	(viii)	 The Guarantor, acting independently, without depending on the Borrower, the Bank, or any other person, has
carried out its own analysis and made the decision to sign this Guarantee; and 

  

	 	(ix)	 The Guarantee, in the terms hereof, has been entered into legally, respecting the laws of the Republic of
Colombia, and is perfectly enforceable against it. 

  

	8.	 Applicable Law: The execution, interpretation, fulfillment and settlement of conflicts,
claims and disputes arising from this Guarantee shall be subject to Colombian law. 

  

	9.	 Stamp Duty: The Guarantor agrees to pay the amount due for stamp duty, if applicable, in
accordance with Colombian law. 

  

	10.	 Amendments: Any amendment intended to be made to the conditions of the Guarantee must be made in
writing and with the prior written authorization of the Bank. 

  

	11.	 Acts carried out by the Bank: In any acts carried out by the Bank, it is presumed, without
admitting questioning or proof to the contrary, that it acts with the necessary authorizations for said purposes, adhering to the applicable legal formalities. Consequently, the Bank shall not be able to claim any responsibility from the Guarantor
when the latter has acted as instructed by the Bank, nor shall the Bank be able to claim from the Guarantors the payment of the Guarantee when it has been paid in accordance with the Bank’s instructions. 

 

	12.	 Payment Currency: In the event that, in the future, any legal provision is issued that
generally establishes that (i) the obligations to give agreed amounts of money in foreign currency; and/or (ii) the guarantees agreed in foreign currency are mandatorily restated and converted into domestic currency of legal tender and,
consequently, according to said new legislation, the Guarantors are obliged to fulfill the Obligations by paying them in domestic currency (except when it is valid to make payments in dollars outside the Republic of Colombia as indicated in
subsection (i) of Section 2 above), the Guarantors shall assume the full payment of the exchange differences that are generated due to said restatement and conversion to domestic currency of legal tender in each opportunity in which

	 	
a payment to enforce the Guarantee must be made, being obliged to pay the total amount of the exchange rate difference resulting from the application of the aforementioned restatement and
conversion to domestic currency of legal tender of the Obligations. For this purpose, the aforementioned exchange differences shall be determined and settled according to the market representative exchange rate certified by the Financial
Superintendency of Colombia, or the entity replacing it. 

  

	13.	 No Waiver: In no event shall the fact that any of the Parties does not exercise some of the
rights conferred thereto by this Guarantee be considered or interpreted as a waiver to such rights, which shall remain in force for as long as the obligation which gave rise to such rights continues to exist. Any waiver to the rights conferred
hereunder shall be communicated expressly and in writing. 

  

	14.	 Notices: Any notice that must be made for the purposes of this Guarantee shall be sent to the
following addresses: 

 Camposol Colombia 

Attention: [●] 
 Address: [●] 

Fax: [●] 

 The Bank 

Attention: [●] 
 Address: [●] 

Fax: [●] 
 Communications shall be understood to have been
received: (i) on the business day following its submission if the delivery is made personally; (ii) on the third business day following its submission by mail, if the submission is made by certified mail or a similar method with
acknowledgment of receipt; and (iii) the next business day if it was sent by fax or e-mail, provided that acknowledgement of receipt by the receiving machine has been obtained from the sending machine or
there is satisfactory evidence to demonstrate that the message has been received. 
 IN WITNESS WHEREOF, this document is executed in
[    ] (    ) original counterparts this [    ] day of [●], 2019. 
 Camposol Colombia

 [Legal Representative] 
 [Identity Card (CC) or National
Identity Card (DNI)] No. [●] 
 The Bank 
 [Legal
Representative] 
 [Identity Card (CC) or National Identity Card (DNI)] No. [●] 

 INSERT: CERTIFIED COPY 

ALFREDO ZAMBRANO RODRIGUEZ 
 ATTORNEY-AT-LAW AND NOTARY PUBLIC IN AND FOR LIMA 
 KARDEX: 71129 

CERTIFIED COPY 
 I, Alfredo
ZAMBRANO RODRIGUEZ, Attorney-at-Law and Notary Public in and for Lima, HEREBY ATTEST THAT the book entitled “Minutes of the Shareholders’ Meeting and
Board of Directors’ Meeting No. 4” of “CAMPOSOL S.A.” has been produced to me, which is kept with the style formalities and has been duly authenticated by Alfredo PAINO SCARPATI, Esq., Attorney-at-Law and Notary Public in and for Lima, under number 074019, dated October 19, 2016. Furthermore, I have verified that pages 146 through 149 contain the
Minutes of the Shareholders’ Meeting of CAMPOSOL S.A. held on September 30, 2019, whose text I proceed to transcribe below, as requested: 

SHAREHOLDERS’ MEETING OF CAMPOSOL S.A. 
 In
Lima, at 9 a.m. on September 30, 2019, at the premises located at Avenida El Derby 250, Piso 4, District of Santiago de Surco, the Shareholders’ Meeting of CAMPOSOL S.A. (the “Company”) was held with the attendance of the
following Shareholders: 
  

	•	 	 BLACKLOCUST S.A.C., holder of 509,703,596 registered shares with voting rights, fully subscribed and paid-up, represented by Alejandro Leoncio ARRIETA PONGO (holder of National Identity Card [DNI] 43945131); 

  

	•	 	 MADOCA CORP. S.A.C., holder of 79,060,104 registered shares with voting rights, fully subscribed and paid-up, represented by Alejandro Leoncio ARRIETA PONGO (holder of National Identity Card [DNI] 43945131); and 

  

	•	 	 SIBOURE HOLDINGS S.A.C., holder of 54,590,940 registered shares with voting rights, fully subscribed and paid-up, represented by Alejandro Leoncio ARRIETA PONGO (holder of National Identity Card [DNI] 43945131). 

TOTAL: 643,354,640 SHARES 
 It was
unanimously agreed to appoint Alejandro Leoncio ARRIETA PONGO as Chairman, and Alvaro CARRASCO BENAVIDES as Secretary, especially appointed as such for this Meeting. 

The Chairman stated that all the Company’s Shareholders were present, who unanimously agreed to hold this Shareholders’ Meeting (the
“Meeting”) and discuss the matters set forth herein. In this regard, and in accordance with the provisions of Section 120 of the Business Corporations’ Act, the Chairman declared the Meeting duly called to order with the
unanimous agreement of the shareholders representing one hundred percent (100%) of the capital stock, and the resolutions to be adopted validly approved. 

 The following was established as an agenda for this Meeting: 

AGENDA: 
 Approval of bank financing. 

Granting of powers for the execution of the Financing Documents. 

Subsequently, the following points of the proposed agenda were addressed. 

1. APPROVAL OF BANK FINANCING 
 The Chairman explained to
the Meeting that the Company was negotiating with Banco BBVA Peru (the “Bank”) the granting of financing in favor of the Company for an amount of up to USD 20,000,000 (Twenty Million U.S. Dollars) (the
“Financing”). Said Financing shall be granted under the terms of a loan agreement governed by Peruvian law that the Company and the Bank have been negotiating (the “Loan Agreement”), which shall be guaranteed by
(1) a mortgage on the production unit made up of the property registered under Registration Number 04013278 (previously Card 017706) of the Real Estate Registry of the Public Records Office in and for Sullana, First Registration Area –
Piura Office, and certain assets located in the aforementioned property owned by the Company (the “Mortgage”), and other in rem guarantees such as mortgages or asset trusts (the “Additional Guarantees”) that are
considered necessary as required by the Bank; (ii) a bond granted by MARINASOL S.A. under Peruvian law (the “MARINASOL Bond”); and (iii) a bond granted by CAMPOSOL COLOMBIA S.A.S. under Colombian law (the “CAMPOSOL
COLOMBIA Bond”). Likewise, within the framework of the Loan Agreement, CAMPOSOL shall issue an incomplete promissory note (the “Promissory Note”), together with the corresponding completion agreement (the
“Completion Agreement” and, together with the Loan Agreement, the Mortgage, the Additional Guarantees, the Promissory Note, the CAMPOSOL COLOMBIA Bond and the MARINASOL Bond, the “Financing Documents”). 

In accordance with the foregoing, the Chairman indicated that it was convenient for the Meeting to approve the obtaining of the Financing, the establishment
of the Mortgage and the Additional Guarantees, and the corresponding execution by the Company of the Financing Documents, as well as of any other public and/or private document that is complementary to said Financing Documents and/or that is
necessary to implement the Financing. 
 After deliberating on the matter, the Meeting unanimously approved the obtaining of the Financing, the
establishment of the Mortgage and the Additional Guarantees deemed necessary to guarantee the Financing, as well as the execution by the Company of the Financing Documents and of any other public and/or private document that is complementary to said
Financing Documents and/or that is necessary to implement the Financing. 

 2. GRANTING OF POWERS FOR THE EXECUTION OF THE FINANCING DOCUMENTS 

As a consequence of the resolution adopted in the previous subsection, the Chairman stated that it was convenient for the interests of the Company to grant to
Andrés Daniel COLICHÓN SAS, holder of National Identity Card (“DNI”) 07866431, Milagritos Tatiana OLIVERO GROPPO, holder of DNI 09533596, Alejandro Leoncio ARRIETA PONGO, holder of DNI 43945131, and Alvaro CARRASCO
BENAVIDES, holder of DNI 44127399, express and broad powers deemed necessary so that any two (2) of said Attorneys-in-Fact may, acting jointly and on behalf of the
Company, exercise the following powers with any limitation whatsoever: 
  

	 	A)	 Negotiate, enter into, sign, enforce, issue, submit, establish, grant, stipulate the terms and conditions, set
the applicable law, the dispute settlement mechanism (including arbitration) of the Financing Documents, and sign any clarification, amendment or specification of said Financing Documents, as well as any other public and/or private document that is
complementary to said Financing Documents and/or that is necessary to implement the Financing. 

  

	 	B)	 Negotiate, enter into, sign, enforce, issue and submit any contract or agreement (by means of a private or
public instrument) and issue, sign and submit to any person or authority in any country all types of certification and document related to the financing and/or the Financing Documents. 

 

	 	C)	 Carry out any act deemed necessary or convenient for the implementation of the Financing, and make or order the
officers of any banking entity to make the payments that are necessary or convenient to enter into and comply with the acts, agreements and contracts indicated in the previous subsections, including the Financing Documents. 

 

	 	D)	 Formalize and perfect the Financing Documents, being empowered to sign all types of public and/or private
documentation, with and before all the necessary or pertinent public and private entities, including, but not limited to, any writ, certification, public deeds (including clarifications) and/or any other public and/or private document required for
the registration of the Mortgage and Additional Guarantees before the corresponding Public Records Offices. 

  

	 	E)	 Make the payments deemed necessary and/or convenient to carry out the tasks indicated in the previous
subsections. 

 After a brief discussion on the matter, the Meeting unanimously resolved to authorize the granting of the powers deemed
necessary in favor of Andrés Daniel COLICHÓN SAS, holder of DNI 07866431, Milagritos Tatiana OLIVERO GROPPO, holder of DNI 09533596, Alejandro Leoncio ARRIETA PONGO, holder of DNI 43945131, and Alvaro CARRASCO BENAVIDES, holder of DNI
44127399, so that any two (2) of them may, acting jointly, sign all the documents and perform all the acts described above by the Chairman at this Meeting related to the Financing Documents, including, but not limited to, the negotiation and
signing, on behalf of the Company, of the aforementioned Financing Documents, without any reservation or limitation whatsoever. 

 There being no other business to transact, the Shareholders’ Meeting was adjourned at 10 a.m., after
these minutes were issued, read and unanimously approved. IN WITNESS WHEREOF, all the attendees hereunto set their hands. 
 /s/ Alejandro Leoncio Arrieta
Pongo 
 Chairman and Representative of BLACKLOCUST S.A.C., SIBOURE HOLDINGS S.A.C. and MADOCA CORP. S.A.C. 

/s/ Alvaro Carrasco Benavides 
 Secretary 

_______________ 
 CERTIFICATION

 I, Alejandro Leoncio ARRIETA PONGO, holder of National Identity Card (DNI) 43945131, acting in my capacity as Representative of the Shareholders
of CAMPOSOL S.A., in compliance with the First Supplementary Provision of Executive Order (Decreto Supremo) 006-2013-JUS HEREBY ATTEST THAT the
persons mentioned as Shareholders in the introduction of these minutes are in fact such and/or that the signatures affixed thereto correspond to their respective representatives. 

Lima, September 30, 2019 
 /s/ Alejandro Leoncio Arrieta
Pongo 
 National Identity Card (DNI) 43945131 

_______________ 
 ALFREDO ZAMBRANO RODRIGUEZ 

ATTORNEY-AT-LAW AND NOTARY PUBLIC IN AND FOR LIMA 

LOS RUISEÑORES 206 (ÓVALO DE SANTA ANITA), SAN ANITA – LIMA 43 

PHONE: 362-4545 

I HEREBY ATTEST THAT the foregoing signature is the true, proper and respective handwriting of Alejandro Leoncio ARRIETA PONGO, holder of
National Identity Card (DNI) 43945131, who acts on behalf of CAMPOSOL S.A., as recorded in Electronic Card 11009728 of the Registry of Companies of the Public Records Office in and for Lima, which is hereby authenticated in
accordance with Section 108 of the Notaries’ Act. No responsibility is assumed as to the contents of this document. I attest. 
 Lima,
November 6, 2019 
 /s/ Alfredo Zambrano Rodriguez 

Attorney-at-Law and Notary Public in and for Lima / Seal 

Seal of the Notaries’ Association in and for Lima 

Approved by: 
 A.R. 

	
	 VT MC MARIALUZ
  

—————————
  

***  Thus, it is recorded in the original Minutes, which have been produced to me and which this document
purports to represent. Furthermore, at the request of the party concerned, I issue this certified copy in the city of Lima, this 7th day of November, 2019, under the provisions of Section 105 of the Notaries’ Act.

 
 /s/ Alfredo Zambrano Rodriguez

Attorney-at-Law and Notary Public in and for Lima /
Seal
  
 Seal of the Notaries’ Association in and for Lima

 CONCLUSION: 

Having formalized the instrument, the Grantors were informed of the purpose and legal effects hereof and, upon reading it, they represented to be
familiar with the background information and/or titles giving rise to the preliminary deed and this instrument, ratifying the contents thereof, and recognizing their identities and signatures as their own, as found in the preliminary deed which was
put into the form of this notarially recorded instrument. 
 SECTION 59, ITEM K) OF THE LEGISLATIVE ORDER (DECRETO
LEGISLATIVO) OF THE NOTARIES’ ACT: The Notary Public hereby places on record that he has performed the minimum control actions and proceeded with due diligence with regard to the prevention of money laundering,
notifying the parties for such purpose of their responsibility in relation to the lawful origin of the money, funds, properties, or other assets involved in the present transaction, as well as the means of payment used. The Grantors declared under
oath that they have made use of the foregoing in this public instrument, and that the origin thereof, if any, as well as that of the means of payment used, as applicable, is lawful. The Notary Public also places on record that (i) he has
complied with the requirements referred to the verification of the statement of the final beneficiary in accordance with the legislation on the matter, if applicable, and that (ii) to date, the National Superintendency of Customs and Tax
Administration (SUNAT) has not yet implemented the virtual access referred to in Section 9 of Legislative Order 1372. 
 SECTION 59, ITEM B) OF
THE LEGISLATIVE ORDER (DECRETO LEGISLATIVO) OF THE NOTARIES’ ACT: The Grantors expressly consent to the processing of their personal data and the use thereof in accordance with Law 29733 and its
Regulations. 
 This notarially recorded instrument begins on page with serial number B 9401302 and ends on page with serial number B 9401324 et
verso. The signing process was completed on November 12, 2019. 

 I attest. 

/s/ Eduardo Laos de Lama 
 Attorney-at-Law and Notary Public in and for Lima 
 ON BEHALF OF BANCO BBVA
PERU: 
 /s/ Frank Erick Babarczy Rodriguez 

(Right index fingerprint) 
 Date:
November 12, 2019 
 /s/ Javier Alberto Balbin Buckley 

Right Index Fingerprint 
 Date:
November 12, 2019 
 ON BEHALF OF CAMPOSOL S.A.: 

/s/ Andres Daniel Colichón Sas 
 (Right
index fingerprint) 
 Date: November 12, 2019 

/s/ Milagritos Tatiana Olivero Groppo 
 (Right
index fingerprint) 
 Date: November 12, 2019 

————————— 

 EDUARDO LAOS DE LAMA, NOTARIO DE LIMA 

JR. SANTO DOMINGO 291, JESÚS MARÍA 

PHONE: 202-4120 

FAX: 461-7935 
 At
the request of the party concerned, I issue this certified copy, which is a true and exact reproduction of the original instrument referred to herein, to which I attest and which this document purports to represent. The date and page are kept on the
foregoing transcription as per Legislative Order of The Notaries’ Act, Section 86, and this notarially recorded instrument is duly signed by the appearing parties and authorized by me, in my capacity as Notary Public, pursuant to
Section 83 of the Legislative Order of the Notaries’ Act. 
 Lima, November 13, 2019 

/s/ Eduardo Laos de Lama 
 Notary Public in and
for Lima / Seal 
 Seal of the Notaries’ Association in and for Lima 
  

	Seal:	 Laos de Lama Notary’s Office 

OLT 
 (illegible signature) 

_______________

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