Document:

Fourth Supplemental Indenture

 Exhibit 4.1 
 EXECUTION VERSION 
 DISCOVERY COMMUNICATIONS, LLC, 

Issuer 

DISCOVERY COMMUNICATIONS, INC., 
 Guarantor 
 and 

U.S. BANK NATIONAL ASSOCIATION, 
 Trustee 
 FOURTH SUPPLEMENTAL INDENTURE 

DATED AS OF MAY 17, 2012 
 TO 
 INDENTURE 

DATED AS OF AUGUST 19, 2009 
 Relating To 
 $500,000,000 3.30% Senior Notes due 2022 

$500,000,000 4.95% Senior Notes due 2042 

 FOURTH SUPPLEMENTAL INDENTURE 

FOURTH SUPPLEMENTAL INDENTURE, dated as of May 17, 2012 (the “Supplemental Indenture”), to the Base
Indenture (defined below) among Discovery Communications, LLC, a Delaware limited liability company (the “Company”), Discovery Communications, Inc., a Delaware corporation (the “Guarantor”), and U.S. Bank National
Association, as Trustee (the “Trustee”). 
 RECITALS 

WHEREAS, the Company has executed and delivered to the Trustee the Indenture, dated as of August 19, 2009 (the “Base
Indenture” and, together with this Supplemental Indenture, the “Indenture”), providing for the issuance from time to time of its Securities; 
 WHEREAS, pursuant to the terms of the Base Indenture, the Company desires to provide for the establishment of new series of its Securities to be known as its 3.30% Senior Notes due 2022 (the “2022
Notes”) and its 4.95% Senior Notes due 2042 (the “2042 Notes” and together with the 2022 Notes, the “Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to be set
forth as provided in the Base Indenture and this Supplemental Indenture; 
 WHEREAS, the Company has requested that the Trustee
execute and deliver this Supplemental Indenture, and all requirements necessary to make this Supplemental Indenture a valid instrument in accordance with its terms, and to make the Notes, when executed by the Company and authenticated and delivered
by the Trustee, the valid and legally binding obligations of the Company, and all acts and things necessary have been done and performed to make this Supplemental Indenture enforceable in accordance with its terms, and the execution and delivery of
this Supplemental Indenture has been duly authorized in all respects. 
 WITNESSETH: 

NOW, THEREFORE, for and in consideration of the premises contained herein, each party agrees for the benefit of each other party and for
the equal and ratable benefit of the Holders of the Notes, as follows: 
 ARTICLE 1 

DEFINITIONS 
 Section 1.01 Capitalized terms used but not defined in this Supplemental Indenture shall have the meanings ascribed to them in the Base Indenture. 

 Section 1.02 References in this Supplemental Indenture to article and section numbers
shall be deemed to be references to article and section numbers of this Supplemental Indenture unless otherwise specified. 

Section 1.03 For purposes of this Supplemental Indenture, the following terms have the meanings ascribed to them as follows:

 “2022 Notes” has the meaning provided in the recitals. 

“2042 Notes” has the meaning provided in the recitals. 

“Attributable Debt” means, with respect to a Sale and Leaseback Transaction, an amount equal to the present value of the
lease payments with respect to the term of the lease remaining on the date as of which the amount is being determined, without regard to any renewal or extension options contained in the lease, discounted at the rate of interest set forth or
implicit in the terms of the lease, compounded semi-annually. 
 “Base Indenture” has the meaning provided in
the recitals. 
 “Company” has the meaning provided in the preamble. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements
of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 
 “Guarantor” has the meaning provided in the preamble. 

“Indenture” has the meaning provided in the recitals. 

“Interest Payment Date” has the meaning provided in Section 2.04. 

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit, arrangement, encumbrance, lien (statutory or
other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on
title to real property, and any financing lease substantially having the same economic effect as any of the foregoing). 

“Notes” has the meaning provided in the recitals. 

  
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 “Paying Agent” has the meaning provided in Section 2.03(d).

 “Permitted Sale and Leaseback Transaction” has the meaning provided in Section 3.02(b). 

“Sale and Leaseback Transaction” means any arrangement with any Person pursuant to which the Company or any Subsidiary
leases any property that has been or is to be sold or transferred by the Company or the Subsidiary to such person. 

“Supplemental Indenture” has the meaning provided in the preamble. 

“Total Consolidated Assets” means, as of any date, the total consolidated assets of the Guarantor and its Subsidiaries
computed in accordance with GAAP as of the last day of the fiscal quarter most recently ended prior to such date, subject to the second sentence of the definition of “Debt” in the Base Indenture. 

“Trustee” has the meaning provided in the preamble. 

ARTICLE 2 

GENERAL TERMS AND CONDITIONS OF THE
NOTES 
 Section 2.01. Designation and Principal Amount. The Notes are hereby authorized and are
designated the “3.30% Notes due 2022” and the “4.95% Notes due 2042,” respectively, each series unlimited in aggregate principal amount. The 2022 Notes issued on the date hereof pursuant to the terms of this Indenture shall be in
an aggregate principal amount of $500,000,000 and the 2042 Notes issued on the date hereof pursuant to the terms of this Indenture shall be in an aggregate principal amount of $500,000,000, each of which amounts shall be set forth in the written
order of the Company for the authentication and delivery of the Notes pursuant to Section 2.05 of the Base Indenture. In addition, the Company may, from time to time, without notice to or the consent of the Holders of the Notes, create and
issue additional Notes ranking equally and ratably with the Notes of any series issued on the date hereof in all respects (or in all respects except for the payment of interest accruing prior to the issue date of such additional Notes or except for
the first payment of interest following the issue date of such additional Notes), so that such additional Notes shall be consolidated and form a single series with such series of Notes issued on the date hereof and shall have the same terms as to
status, redemption or otherwise as such series of Notes issued on the date hereof, provided that if any such additional Notes are not fungible with the Notes initially issued hereunder for U.S. federal income tax purposes, such additional
Notes shall have a separate CUSIP number. 
 Section 2.02. Maturity. The principal amount of the 2022 Notes shall be
payable on May 15, 2022 and the principal amount of the 2042 Notes shall be payable on May 15, 2042. 

  
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 Section 2.03. Form and Payment. (a) The Notes of each series shall be
issued as global notes, only in fully registered book-entry form, without coupons, in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 (b) Principal, premium, if any, and/or interest, if any, on the global notes representing the Notes of each series shall be made to the Paying Agent (defined below) which in turn shall make payment to The
Depository Trust Company as the Depositary with respect to the Notes of such series or its nominee. 
 (c) The global notes
representing the Notes of each series shall be deposited with, or on behalf of, the Depositary and shall be registered, at the request of the Depositary, in the name of Cede & Co. 

(d) U.S. Bank National Association shall act as paying agent for each series of Notes (the “Paying Agent”). The Company
may appoint and change the Paying Agent without prior notice to the Holders. 
 Section 2.04. Interest. Interest on
the 2022 Notes shall accrue at the rate of 3.30% per annum. Interest on the 2042 Notes shall accrue at the rate of 4.95% per annum. Interest on the Notes shall be payable semiannually in arrears on May 15 and November 15,
commencing on November 15, 2012 (each an “Interest Payment Date”), to the Holders in whose names the Notes are registered at the close of business on the May 1 and November 1 immediately preceding such Interest
Payment Date. Interest on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months. If any Interest Payment Date is not a Business Day, then the related payment of interest for such Interest Payment Date shall be
paid on the next succeeding Business Day with the same force and effect as if made on such Interest Payment Date and no further interest shall accrue as a result of such delay. 

Section 2.05. Other Terms. The Notes shall be unsecured senior indebtedness of the Company and shall rank equally and ratably
in right of payment with all of the Company’s other unsecured and unsubordinated indebtedness outstanding from time to time. The Notes shall not be convertible into, or exchangeable for, any other securities of the Company, except that the
Notes shall be exchangeable for other Notes to the extent provided for in the Base Indenture. 
 ARTICLE 3 

ADDITIONAL COVENANTS 
 Section 3.01. Limitation on Liens. (a) The Company shall not, and shall not permit any of its Subsidiaries to, create, incur, assume or permit to exist any Lien on any property or asset,
to secure any Debt of the Company, any of its Subsidiaries or any other Person, or permit any of its Subsidiaries to do so, without securing the Notes equally and ratably with such Debt for so long as such Debt will be so secured, subject to the
exceptions set forth in Section 3.01(b). 

  
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 (b) The foregoing restriction does not apply, with respect to any Person, to any of the
following: 
 (i) Liens existing on the date hereof; 

(ii) Liens on assets or property of a Person at the time it becomes a Subsidiary securing only indebtedness of such Person
or Liens existing on assets or property at the time of the acquisition of such assets, provided such indebtedness was not incurred or such Liens were not created in connection with such Person becoming a Subsidiary or such assets being acquired;

 (iii) Liens on assets created at the time of or within 12 months after the acquisition, purchase, lease,
improvement or development of such assets to secure all or a portion of the purchase price or lease for, or the costs of improvement or development of, such assets; 

(iv) Liens to secure any extension, renewal, refinancing or refunding (or successive extensions, renewals, refinancings or
refundings), in whole or in part, of any indebtedness secured by Liens referred to in the foregoing clauses (i) through (iii) or Liens created in connection with any amendment, consent or waiver relating to such indebtedness, so long as
such Lien does not extend to any other property and the amount of Debt secured is not increased (other than by the amount equal to any costs and expenses incurred in connection with any extension, renewal, refinancing or refunding); 

(v) Liens on property incurred in a Permitted Sale and Leaseback Transaction; 

(vi) Liens in favor of only the Guarantor, the Company or one or more Subsidiaries granted by the Company or a Subsidiary
to secure any obligations owed to the Guarantor, the Company or a Subsidiary of the Guarantor; 
 (vii)
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, laborers’, landlords’ and similar Liens arising in the ordinary course of business securing obligations that are not overdue for a period of more
than 90 days or that are being contested in good faith by appropriate proceedings; 
 (viii) pledges or deposits
in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by the Employee Retirement Income Security Act of 1974, as amended;

  
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 (ix) deposits to secure the performance of bids, trade contracts and leases,
statutory obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(x) Liens arising out of a judgment, decree or order of court being contested in good faith by appropriate proceedings,
provided that adequate reserves with respect thereto are maintained on the books of the Guarantor, the Company or the books of their Subsidiaries, as the case may be, in conformity with GAAP; 

(xi) Liens for taxes not yet due and payable, or being contested in good faith by appropriate proceedings, provided that
adequate reserves with respect thereto are maintained on the books of the Guarantor, the Company or the books of their Subsidiaries, as the case may be, in conformity with GAAP; 

(xii) easements, rights of way, restrictions and similar Liens affecting real property incurred in the ordinary course of
business that do not secure any monetary obligations and do not materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of business of the Guarantor, the Company or of such Subsidiary;

 (xiii) Liens securing reimbursement obligations with respect to letters of credit related to trade payables
and issued in the ordinary course of business, which Liens encumber documents and other property relating to such letters of credit and the products and proceeds thereof; 

(xiv) Liens encumbering customary initial deposits and margin deposits and other Liens in the ordinary course of business,
in each case securing indebtedness under any interest swap obligations and currency agreements and forward contract, option, futures contracts, futures options or similar agreements or arrangements designed to protect the Guarantor or any of its
Subsidiaries from fluctuations in interest rates or currencies; 
 (xv) Liens in the nature of voting, equity
transfer, redemptive rights or similar terms under any such agreement or other term customarily found in such agreements, in each case, encumbering the Company’s or such Subsidiary’s equity interests or other investments in such Subsidiary
or other Person; 
 (xvi) Liens created in favor of a producer or supplier of television programming or films
over distribution revenues and/or distribution rights which are allocable to such producer or supplier under related distribution arrangements; or 

  
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 (xvii) Liens otherwise prohibited by this Section 3.01, securing
indebtedness which, together with the amount of Attributable Debt incurred in Sale and Leaseback Transactions, do not at any time exceed 10% of Total Consolidated Assets. 
 Section 3.02. Limitation on Sale and Leasebacks. (a) The Company shall not, and shall not permit any Subsidiary to, enter into any Sale and Leaseback Transaction (other than a Permitted
Sale and Leaseback Transaction), unless the Company or such Subsidiary would be entitled to secure the property to be leased (without equally and ratably securing the outstanding Notes) in a principal amount equal to the amount of Attributable Debt
incurred in such Sale and Leaseback Transaction. 
 (b) For purposes of Section 3.01 and this Section 3.02,
“Permitted Sale and Leaseback Transaction” means any of the following: (i) temporary leases for a term, including renewals at the option of the lessee, of not more than three years, (ii) leases between only the Company and
a Subsidiary or only between Subsidiaries of the Company, (iii) leases of property executed by the time of, or within 12 months after the latest of (A) the acquisition, (B) the completion of construction or improvement or (C) the
commencement of commercial operation of the property and (iv) any Sale and Leaseback Transaction regarding the real property in Silver Spring, Maryland and the Company’s headquarters building located on such property. 

Section 3.03. Consolidation, Sale, Merger or Conveyance. (a) In addition to complying with the provisions of
Section 9.01 of the Base Indenture, the Company agrees that if, as a result of any consolidation, merger, conveyance, transfer or lease to which such Section 9.01 applies, properties or assets of the Company or any Subsidiary would become
subject to any lien that would not be permitted by Section 3.01 hereof without equally and ratably securing the Notes, (i) the Company or the Person formed by such consolidation or into which the Company is merged or the Person that
acquires by conveyance or transfer, or that leases, the properties and assets of the Company substantially as an entirety, as the case may be, shall take the steps as are necessary to effectively secure the Notes equally and ratably with, or prior
to, all indebtedness secured by those liens as provided for in Section 3.01 and (ii) the Officer’s Certificate and an Opinion of Counsel required by Section 9.01(c) of the Base Indenture shall also state that such consolidation,
merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Section 3.03(a). 

(b) In addition to complying with the provisions of Section 9.03 of the Base Indenture, the Guarantor agrees that if, as a result of
any consolidation, merger, conveyance, transfer or lease to which such Section 9.03 applies, properties or assets of the Company or any Subsidiary would become subject to any lien that would not be permitted by Section 3.01 hereof without
equally and ratably securing the Notes, (i) the Guarantor or the Person formed by such 

  
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consolidation or into which the Guarantor is merged or the Person that acquires by conveyance or transfer, or that leases, the properties and assets of the Guarantor substantially as an entirety,
as the case may be, shall take the steps as are necessary to effectively secure the Notes equally and ratably with, or prior to, all indebtedness secured by those liens as provided for in Section 3.01 and (ii) the Officer’s
Certificate and an Opinion of Counsel required by Section 9.03(c) of the Base Indenture shall also state that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such
transaction, such supplemental indenture comply with this Section 3.03(b). 
 (c) Nothing contained in the last paragraph
of each of Sections 9.01 and 9.03 of the Base Indenture shall limit the application of Section 3.01 hereof to any consolidation or merger of any Person into the Company or the Guarantor where the Company or the Guarantor is the survivor of such
transaction, or the acquisition by the Company or the Guarantor, by purchase or otherwise, of all or any part of the property of any other Person (whether or not affiliated with the Company or the Guarantor). 

ARTICLE 4 

REDEMPTION OF THE NOTES 

Section 4.01. Optional Redemption.  
 (a) The 2022 Notes and the 2042 Notes shall be redeemable, in each case, in whole or in part, at the option of the Company at any time and from time to time at a redemption price equal to the greater of:

 (i) 100% of the principal amount of the Notes to be redeemed, and 

(ii) as determined by the Quotation Agent (as defined below), the sum of the present values of the remaining scheduled
payments of principal and interest on the Notes to be redeemed (not including any portion of such payments of interest accrued as of the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined below) plus 25 basis points in the case of the 2022 Notes and 30 basis points in the case of the 2042 Notes, plus, in each case, accrued interest on the principal amount
being redeemed to the date of redemption. 
 (b) For purposes of this Section 4.01, the following definitions are
applicable: 
 “Adjusted Treasury Rate” means, with respect to any redemption date, the rate per annum equal to
the semi-annual equivalent yield to maturity of the 

  
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Comparable Treasury Issue (as defined below), assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price (as
defined below) for such redemption date. 
 “Comparable Treasury Issue” means the United States Treasury
security selected by the Quotation Agent as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of such Notes. 
 “Comparable Treasury
Price” means, with respect to any redemption date, (i) the average of the Reference Treasury Dealer Quotations (as defined below) for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer
Quotations, or (ii) if the trustee obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means (i) each of J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. and their respective
successors; provided, however, that if any of foregoing ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer;
and (ii) any other Primary Treasury Dealers selected by the Company. 
 “Reference Treasury Dealer
Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Trustee, 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 Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 

Section 4.02. Purchase of Notes Upon a Change of Control Triggering Event. (a) If a Change of Control Triggering Event
occurs, unless the Company has exercised its right to redeem the 2022 Notes and the 2042 Notes in full, pursuant to Section 4.01, Holders of Notes shall have the right to require the Company to repurchase all or a portion of such Holders’
2022 Notes and 2042 Notes pursuant to the offer described in 4.02(b) below (such offer, the “Change of Control Offer”), at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to
the date of repurchase, subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date. 

  
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 (b) Within 30 days following the date upon which the Change of Control Triggering Event
occurred, or at the Company’s option, prior to any Change of Control but after the public announcement of the pending Change of Control, the Company shall be required to send, by first class mail, a notice to Holders of Notes, with a copy to
the Trustee, which notice shall govern the terms of the Change of Control Offer. Such notice shall state, among other things, the repurchase date, which must be no earlier than 30 days nor later than 60 days from the date such notice is mailed,
other than as may be required by law (the “Change of Control Payment Date”). The notice, if mailed prior to the date of consummation of the Change of Control, may state that the Change of Control Offer is conditioned on the Change
of Control being consummated on or prior to the Change of Control Payment Date. Holders of Notes electing to have Notes repurchased pursuant to a Change of Control Offer shall be required to surrender their Notes, with the form entitled “Option
of Holder to Elect Purchase” on the reverse of the Notes completed, to the Paying Agent at the address specified in the notice, or transfer their Notes to the Paying Agent by book-entry transfer pursuant to the applicable procedures of the
Paying Agent, prior to the close of business on the third Business Day prior to the Change of Control Payment Date. 
 (c) The
Company shall not be required to make a Change of Control Offer if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for such an offer made by the Company and such third party purchases
all Notes properly tendered and not withdrawn under its offer. 
 (d) The Company shall comply with the requirements of Rule
14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the
extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Company shall comply with those securities laws and regulations and shall not be deemed to have breached its
obligations under the provisions in the Indenture governing the Change of Control Offer by virtue of any such conflict. 
 (e)
For purposes of this Section 4.02, the following definitions are applicable: 
 “Below Investment Grade Rating
Event” with respect to the Notes means that such Notes become rated below Investment Grade by each Rating Agency on any date from the date of the public notice by the Guarantor or the Company of an arrangement that results in a Change of
Control until the end of the 60-day period following public notice by the Guarantor or the Company of the occurrence of a Change of Control (which period will be extended so long as the rating of such Notes is under publicly announced consideration
for possible downgrade by any of the Rating Agencies); provided, however, that a Below Investment Grade Rating Event otherwise arising by virtue of a particular 

  
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reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the
definition of “Change of Control Triggering Event”), if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at its request
that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control has occurred at the time
of the Below Investment Grade Rating Event). 
 “Change of Control” means the occurrence of any one of the
following: 
 (i) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by
way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Guarantor and its Subsidiaries, or the Company and its Subsidiaries, taken as a whole, to any “person” (as that
term is used in Section 13(d)(3) of the Exchange Act) other than to the Guarantor or one of its Subsidiaries; 
 (ii) the consummation of any transaction (including without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of
the Exchange Act) other than any Significant Shareholder (as defined below) or any combination of Significant Shareholders becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly,
of more than 50% of the outstanding Voting Stock of the Guarantor or the Company, measured by voting power rather than number of shares; 
 (iii) the consummation of a so-called “going private/Rule 13e-3 Transaction” that results in any of the effects described in paragraph (a)(3)(ii) of Rule 13e-3 under the Exchange Act (or any
successor provision) with respect to each class of the Guarantor’s common stock, following which any Significant Shareholder or any combination of Significant Shareholders “beneficially own” (as defined in Rules 13d-3 and 13d-5 under
the Exchange Act), directly or indirectly, more than 50% of the outstanding Voting Stock of the Guarantor or the Company, measured by voting power rather than number of shares; 

(iv) the first day on which the majority of the members of the Board of Directors of the Guarantor cease to be Continuing
Directors; or 
 (v) the adoption of a plan relating to the liquidation, dissolution or winding up of the
Guarantor. 

  
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 “Change of Control Triggering Event” means the occurrence of both a Change
of Control and a Below Investment Grade Rating Event. Notwithstanding the foregoing, no Change of Control Triggering Event shall be deemed to have, occurred in connection with any particular Change of Control unless and until such Change of Control
has actually been consummated. 
 “Continuing Director” means, as of any date of determination, any member of
the Board of Directors (or equivalent body) of the Guarantor who: 
 (i) was a member of such board of directors
on the date of the issuance of the Notes; or 
 (ii) was nominated for election, elected or appointed to such
board of directors with the approval of a majority of the Continuing Directors who were members of such board of directors at the time of such nomination, election or appointment (either by a specific vote or by approval of the Guarantor’s
proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination). 

“Fitch” means Fitch Ratings Ltd., and its successors. 

“Investment Grade” means a rating of “BBB–” or better by S&P (or its equivalent under any successor
rating category of S&P), a rating of “Baa3” or better by Moody’s (or its equivalent under any successor rating category of Moody’s) and a rating of “BBB–” or better by Fitch (or its equivalent under any
successor rating category of Fitch). 
 “Moody’s” means Moody’s Investors Service, Inc., and its
successors. 
 “Rating Agency” means (i) each of S&P, Moody’s and Fitch; and (ii) if any of
S&P, Moody’s or Fitch ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the
meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Board of Directors of the Guarantor and reasonably acceptable to the Trustee) as a replacement agency for S&P, Moody’s
or Fitch, or all of them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings
Services, a division of The McGraw-Hill Companies, Inc., and its successors. 
 “Significant Shareholder” means
each of (i) Advance/Newhouse Programming Partnership, (ii) the Guarantor or any of its Subsidiaries and (iii) any other “person” (as that term is used in Section 13(d)(3) of the Exchange Act) if 50% or more of the
Voting Stock of such person is “beneficially owned” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, by Advance/Newhouse Programming Partnership or the Guarantor or one of its Subsidiaries or any
combination thereof. 

  
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 “Voting Stock” of any specified Person as of any date means any and all
shares or equity interests (however designated) of such Person that are at the time entitled to vote generally in the election of the board of directors, managers or trustees of such Person, as applicable. 

ARTICLE 5 

EVENTS OF DEFAULT 
 Section 5.01. Events of Default. (a) Solely with respect to the Notes, the first paragraph of Section 5.01 of the Base Indenture shall be amended as follows: 

(i) Clause (a) shall be amended by replacing the phrase “60 days (or such other period as may be established for
the Securities of such series as contemplated by Section 2.04)” with “30 days” therein; 

(ii) Clause (b) shall be amended by deleting the phrase “, and the continuance of such default for five days (or
such other period as may be established for the Securities of such series as contemplated by Section 2.04)” therein; 
 (iii) The following clause shall be added immediately following clause (e): “(f) the Guarantee ceases to be in full force and effect (except as contemplated by the terms of the Indenture) or is
declared null and void in a judicial proceeding or the Guarantor denies or disaffirms its obligations under the Indenture or the Guarantee; or”; and 
 (iv) Clause (f) shall be amended and restated in its entirety to read as follows: 
 “(g) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any indebtedness for money borrowed by the Guarantor, the
Company or any of their Subsidiaries (or the payment of which is guaranteed by the Guarantor, the Company or any of their Subsidiaries), whether such indebtedness or guarantee now exists, or is created after the date hereof, if that default
(i) is caused by a failure to pay principal on such indebtedness at its stated final maturity (after giving effect to any applicable grace periods provided in such indebtedness) (a “Payment Default”) or (ii) results in the
acceleration of such indebtedness prior to its express maturity (an “Acceleration Event”) and (A) in each case, the principal 

  
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amount of any such indebtedness, together with the principal amount of any other such indebtedness under which there has been a Payment Default or an Acceleration Event, aggregates $100 million
or more and (B) in the case of a Payment Default, such indebtedness is not discharged and, in the case of an Acceleration Event, such acceleration is not rescinded or annulled, within ten days after there has been given, by registered or
certified mail, to the Company and the Guarantor by the Trustee or to the Company, the Guarantor and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Notes, a written notice specifying such default or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder.” 
 (b) Solely with
respect to the Notes, the first sentence of the second paragraph of Section 5.01 of the Base Indenture shall be amended by replacing the phrase “in clauses (a), (b), (c) or (f)” with “in clauses (a), (b), (c), (f) or
(g)” therein. 
 Section 5.02. Collection of Debt by Trustee; Trustee May Prove Debt. Solely with respect to
the Notes, the first sentence of the first paragraph of Section 5.02 of the Base Indenture shall be amended as follows: 

(a) Clause (a) shall be amended by replacing the phrase “60 days” with “30 days” therein; and 

(b) Clause (b) shall be amended by deleting the phrase “, and such default shall have continued for a period of five days”
therein. 
 ARTICLE 6 
 SUPPLEMENTAL INDENTURES 
 Section 6.01.
Supplemental Indentures with Consent of Securityholders. Solely with respect to the Notes, the first paragraph of Section 8.02 of the Base Indenture shall be amended as follows: 

(a) the following clauses shall be added immediately following clause (a) in the proviso of that paragraph (but before the word
“or” immediately preceding clause (b)): “(b) reduce the amount payable upon repurchase of any Note, or change the time at which any Note may be so repurchased; (c) make any change to the Guarantee in any manner adverse to the
Holders of the Notes;” and 
 (b) clause (b) in the proviso of that paragraph shall become clause (d). 

  
 14 

 ARTICLE 7 
 MISCELLANEOUS 
 Section 7.01. Covenant Defeasance.
Article 10 of the Base Indenture shall be applicable to the Notes. If the Company effects “covenant defeasance” (as defined in Section 10.05 of the Base Indenture) pursuant to Article 10 of the Base Indenture, then the
Company shall be released from its obligations under Article Three and Section 4.02 of this Supplemental Indenture with respect to the Notes as provided for in Article 10 of the Base Indenture. 

Section 7.02. Form of Notes. (a) The Notes and the Trustee’s certificates of authentication to be endorsed thereon
are to be substantially in the form of Exhibit A and Exhibit B attached hereto, which forms are hereby incorporated in and made a part of this Supplemental Indenture. 
 (b) The terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Supplemental Indenture, and the Company and the Trustee, by their execution and delivery
of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 
 Section 7.03.
Ratification of Base Indenture. The Base Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the
extent herein and therein provided. 
 Section 7.04. Trust Indenture Act Controls. If any provision hereof limits,
qualifies or conflicts with the duties imposed by Section 310 through 317 of the Trust Indenture Act of 1939, the imposed duties shall control. 
 Section 7.05. Conflict with Indenture. To the extent not expressly amended or modified by this Supplemental Indenture, the Base Indenture shall remain in full force and effect. If any
provision of this Supplemental Indenture relating to the Notes is inconsistent with any provision of the Base Indenture, the provision of this Supplemental Indenture shall control. 

Section 7.06. Governing Law. THIS SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE
STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE, EXCEPT AS MAY OTHERWISE BE REQUIRED BY MANDATORY PROVISIONS OF LAW. 
 Section 7.07. Successors. All agreements of the Company and the Guarantor in the Base Indenture, this Supplemental Indenture and the Notes shall bind their respective successors. All
agreements of the Trustee in the Base Indenture and this Supplemental Indenture shall bind its successors. 

  
 15 

 Section 7.08. Counterparts. This instrument may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
 Section 7.09. Trustee Disclaimer. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture other than as to the validity of its execution and
delivery by the Trustee. The recitals and statements herein are deemed to be those of the Company and the Guarantor and not the Trustee. 

  
 16 

 IN WITNESS WHEREOF, the parties hereto have caused the Supplemental Indenture to be duly
executed as of the day and year first above written. 
  

					
	DISCOVERY COMMUNICATIONS, LLC
		
	By:	 	 /s/ Andrew Warren

		 	Name:	 	Andrew Warren
		 	Title:	 	Senior Executive Vice President and Chief Financial Officer
	
	DISCOVERY COMMUNICATIONS, INC.
		
	By:	 	 /s/ Andrew Warren

		 	Name:	 	Andrew Warren
		 	Title:	 	Senior Executive Vice President and Chief Financial Officer
	
	U.S. BANK NATIONAL ASSOCIATION, Trustee
		
	By:	 	 /s/ Earl W. Dennison, Jr.

		 	Name:	 	Earl W. Dennison, Jr.
		 	Title:	 	Vice President

 [Fourth Supplemental Indenture] 

  
 17 

 Exhibit A 
 FORM OF 2022 NOTE 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART
FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 

  
 1 

 DISCOVERY COMMUNICATIONS, LLC 

3.30% Senior Note Due 2022 
  

			
		  	CUSIP No.: 25470D AF6
	No.	  	ISIN No.: US25470DAF69
		  	$

 DISCOVERY COMMUNICATIONS, LLC, a Delaware limited liability company (the “Company”,
which term includes any successor corporation), for value received promises to pay to CEDE & CO., or registered assigns, the principal sum of $              (the
“Principal”) on May 15, 2022. 
 Interest Payment Dates: May 15 and November 15 (each, an
“Interest Payment Date”), commencing on November 15, 2012. 
 Interest Record Dates: May 1 and
November 1 (each, an “Interest Record Date”). 
 Reference is made to the further provisions of this
Security contained herein, which will for all purposes have the same effect as if set forth at this place. 

  
 2 

 IN WITNESS WHEREOF, the Company has caused this Security to be signed manually or by
facsimile by its duly authorized officer under its seal. 
  

			
	DISCOVERY COMMUNICATIONS, LLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 3 

 NOTATION OF GUARANTEE 

Discovery Communications, Inc., a Delaware corporation (the “Guarantor”, which term includes any successor thereto under
the Indenture (the “Indenture”) referred to in the Security on which this notation is endorsed) has unconditionally guaranteed, pursuant to the terms of the Guarantee contained in Article 13 of the Indenture, the due and punctual
payment of the principal of and any premium and interest on this Security, when and as the same shall become due and payable in accordance with the terms of this Security and the Indenture. 

The obligations of the Guarantor to the Holders of the Securities and to the Trustee pursuant to the Guarantee and the Indenture are
expressly set forth in Article 13 of the Indenture, and reference is hereby made to such Article and Indenture for the precise terms of the Guarantee. 
 The Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Security upon which this notation of the Guarantee is endorsed shall have been executed by the
Trustee under the Indenture by the manual signature of one of its authorized signatories. 

  
 4 

 
			
	 DISCOVERY COMMUNICATIONS, INC.

		
	By:	 	  

		 	Name:
		 	Title:

  
 5 

 This is one of the Securities of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: 
  

			
	 U.S. BANK NATIONAL ASSOCIATION, Trustee

		
	By:	 	  

		 	Name:
		 	Title: Authorized Officer

  
 6 

 (REVERSE OF SECURITY) 

DISCOVERY COMMUNICATIONS, LLC 
 3.30% Senior Note Due 2022 
  

	 	1.	Interest. 

 DISCOVERY
COMMUNICATIONS, LLC, a Delaware limited liability company (the “Company”), promises to pay interest on the principal amount of this Security at the rate per annum shown above. Cash interest on the Securities will accrue from the
most recent date to which interest has been paid or, if no interest has been paid, from May 17, 2012. The Company will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 15, 2012. Interest will be
computed on the basis of a 360-day year of twelve 30-day months. If any Interest Payment Date is not a Business Day, then the related payment of interest for such Interest Payment Date shall be paid on the next succeeding Business Day with the same
force and effect as if made on such Interest Payment Date and no further interest shall accrue as a result of such delay. 
 The
Company shall pay interest on overdue principal from time to time on demand at the rate borne by the Securities and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	2.	Method of Payment. 

 The Company
shall pay interest on the Securities (except defaulted interest) to the persons who are the registered Holders at the close of business on the Interest Record Date immediately preceding the Interest Payment Date notwithstanding any transfer or
exchange of such Security subsequent to such Interest Record Date and prior to such Interest Payment Date. Holders must surrender Securities to the Trustee to collect principal payments. The Company shall pay principal and interest in money of the
United States that at the time of payment is legal tender for payment of public and private debts (“U.S. Legal Tender”). Payment of principal of (and premium, if any) and any such interest on this Security will be made at the
Corporate Trust Office of the Trustee in Boston, Massachusetts or at any other office or agency designated by the Company for such purpose; provided that at the option of the Company payment of interest may be made by check mailed to the address of
the Holder entitled thereto as such address appears in the Security register. However, the payments of interest, and any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final payment of
principal) shall be made by the Paying Agent, upon receipt from the Company of immediately available funds by 12:30 p.m., New York City time (or such other time as may be agreed to between the Company and the Paying Agent or the Company), directly
to a Holder (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions to the Trustee 15 days prior to such payment date requesting that such payment will be so made and designating the bank account to which

  
 7 

 
such payments shall be so made and in the case of payments of principal surrenders the same to the Trustee in exchange for a Security or Securities aggregating the same principal amount as the
unredeemed principal amount of the Securities surrendered. 
  

	 	3.	Paying Agent. 

 Initially, U.S.
Bank National Association (the “Trustee”) will act as Paying Agent. The Company may change any Paying Agent without notice to the Holders. 
  

	 	4.	Indenture. 

 The Company issued
the Securities under an Indenture, dated as of August 19, 2009 (the “Indenture”), among the Company, the Guarantor and the Trustee. Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein.
The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”), as in effect on the date of the
Indenture. Notwithstanding anything to the contrary herein, the Securities are subject to all such terms, and holders of Securities are referred to the Indenture and the TIA for a statement of them. To the extent the terms of the Indenture and this
Security are inconsistent, the terms of the Indenture shall govern. 
 The Company, the Guarantor and the Trustee entered into a
Fourth Supplemental Indenture, dated as of May 17, 2012 setting forth certain terms of the Securities pursuant to Section 2.04 of the Indenture (the “Supplemental Indenture”). The Supplemental Indenture imposes certain
limitations on the incurrence of liens and certain sale and leaseback transactions and limits the Company’s ability to consolidate, merge, convey, transfer or lease its properties and assets substantially as an entirety. To the extent the terms
of the Supplemental Indenture are inconsistent with the Indenture or this Security, the terms of the Supplemental Indenture shall govern. 
  

	 	5.	Guarantee. 

 The payment by the
Company of the principal of, and premium and interest on, the Securities is irrevocably and unconditionally guaranteed on a senior basis by the Guarantor. 
  

	 	6.	Optional Redemption. 

 The
Securities are redeemable, in whole or in part, at the option of the Company, at any time and from time to time at the redemption price described in the Supplemental Indenture. 

  
 8 

	 	7.	Change of Control Offer to Repurchase. 

 If a Change of Control Triggering Event (as defined in the Supplemental Indenture) occurs, unless the Company has exercised its right to redeem the Securities, Holders of the Securities will have the
right to require the Company to repurchase all or a portion of their Securities pursuant to the offer described in the Supplemental Indenture at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any,
to the date of repurchase, subject to the rights of Holders of Securities on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date. 

 

	 	8.	Denominations; Transfer; Exchange. 

 The Securities are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000. A Holder shall register the transfer of or exchange Securities in accordance with the Indenture.
The Company may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The
Company need not issue, authenticate, register the transfer of or exchange any Securities or portions thereof for a period of 15 days before such series is selected for redemption, nor need the Company register the transfer or exchange of any
Security selected for redemption in whole or in part. 
  

	 	9.	Persons Deemed Owners. 

 The
registered Holder of a Security shall be treated as the owner of it for all purposes. 
  

	 	10.	Unclaimed Funds. 

 If funds for
the payment of principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Company or the Guarantor at its written request. After that, all liability of the Trustee and such Paying Agent with
respect to such funds shall cease. 
  

	 	11.	Legal Defeasance and Covenant Defeasance. 

 The Company may be discharged from its obligations under the Securities and under the Indenture with respect to the Securities except for certain provisions thereof, and may be discharged from obligations
to comply with certain covenants contained in the Securities and in the Indenture with respect to the Securities, in each case upon satisfaction of certain conditions specified in the Indenture. 

 

	 	12.	Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Securities and the provisions of the Indenture relating to the Securities may be amended or
supplemented with the 

  
 9 

 
written consent of the Holders of at least a majority in aggregate principal amount of the Securities of all series then outstanding affected by such amendment or supplement (voting as one
class), and any existing Default or Event of Default or compliance with certain provisions may be waived with the consent of the Holders of a majority in aggregate principal amount of all the Securities of such series, each series voting as a
separate class, (or of all the Securities, as the case may be, voting as a single class) then outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Securities to, among other
things, cure any ambiguity, defect or inconsistency, provide for uncertificated Securities in addition to or in place of certificated Securities, or make any other change that does not adversely affect the rights of any Holder of a Security.

  

	 	13.	Defaults and Remedies. 

 If an
Event of Default (other than certain bankruptcy Events of Default with respect to the Company or the Guarantor) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of Securities of this series then
outstanding (voting as a separate class) may declare all of the Securities to be due and payable immediately in the manner and with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to the Company or the Guarantor
occurs and is continuing, the entire principal amount of the Securities then outstanding and interest accrued thereon, if any, shall immediately become due and payable. Holders of Securities may not enforce the Indenture or the Securities except as
provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Securities unless it has received indemnity satisfactory to it. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in
aggregate principal amount of the Securities then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Securities notice of certain continuing Defaults or Events of Default if it
determines that withholding notice is in their interest. 
  

	 	14.	Trustee Dealings with Company. 

The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise
deal with the Company as if it were not the Trustee. 
  

	 	15.	No Recourse Against Others. 

 No
stockholder, director, officer, employee, member or incorporator, as such, of the Company, of the Guarantor or any successor Person thereof shall have any liability for any obligation under the Securities or the Indenture or for any claim based on,
in respect of or by reason of, such obligations or their creation. Each Holder of a Security by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Securities.

  
 10 

	 	16.	Authentication. 

 This Security
shall not be valid until the Trustee manually signs the certificate of authentication on this Security. 
  

	 	17.	Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Security or an assignee, such as: TEN COM (= tenants in common), TEN ENT
(= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

 

	 	18.	CUSIP Numbers. 

 Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the
accuracy of such numbers as printed on the Securities and reliance may be placed only on the other identification numbers printed hereon. 
  

	 	19.	Governing Law. 

 The laws of the
State of New York shall govern the Indenture and this Security thereof. 

  
 11 

 ASSIGNMENT FORM 

I or we assign and transfer this Security to 
  

			
		
	  
	  	
	(Print or type name, address and zip code of assignee or transferee)	  	
		
	  
	  	
	(Insert Social Security or other identifying number of assignee or transferee)	  	

 and irrevocably appoint
                                        
agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 
 Dated: 

 

					
	Signed:	 	
		
		 	  

		 	 (Signed exactly as name appears on the other side of this Security)

  

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

  
 12 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 4.02 of the Supplemental Indenture, check
the box  ̈. 
 If you want to elect to have only part of this Security purchased
by the Company pursuant to Section 4.02 of the Supplemental Indenture, state the amount you elect to have purchased (must be integral multiples of $1,000): 
 $             
 Dated: 

 

					
	Signed:	 	
		
		 	  

		 	(Signed exactly as name appears on the other side of this Security)

  

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

  
 13 

 Exhibit B 
 FORM OF 2042 NOTE 
 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART
FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 

  
 1 

 DISCOVERY COMMUNICATIONS, LLC 

4.95% Senior Note Due 2042 
  

			
		  	CUSIP No.: 25470D AG4
	No.	  	ISIN No.: US25470DAG43
		  	$

 DISCOVERY COMMUNICATIONS, LLC, a Delaware limited liability company (the “Company”,
which term includes any successor corporation), for value received promises to pay to CEDE & CO., or registered assigns, the principal sum of $ (the “Principal”) on May 15, 2042. 

Interest Payment Dates: May 15 and November 15 (each, an “Interest Payment Date”), commencing on
November 15, 2012. 
 Interest Record Dates: May 1 and November 1 (each, an “Interest Record
Date”). 
 Reference is made to the further provisions of this Security contained herein, which will for all purposes
have the same effect as if set forth at this place. 

  
 2 

 IN WITNESS WHEREOF, the Company has caused this Security to be signed manually or by
facsimile by its duly authorized officer under its seal. 
  

			
	 DISCOVERY COMMUNICATIONS, LLC

		
	By:	 	  

		 	Name:
		 	Title:

  
 3 

 NOTATION OF GUARANTEE 

Discovery Communications, Inc., a Delaware corporation (the “Guarantor”, which term includes any successor thereto under
the Indenture (the “Indenture”) referred to in the Security on which this notation is endorsed) has unconditionally guaranteed, pursuant to the terms of the Guarantee contained in Article 13 of the Indenture, the due and punctual
payment of the principal of and any premium and interest on this Security, when and as the same shall become due and payable in accordance with the terms of this Security and the Indenture. 

The obligations of the Guarantor to the Holders of the Securities and to the Trustee pursuant to the Guarantee and the Indenture are
expressly set forth in Article 13 of the Indenture, and reference is hereby made to such Article and Indenture for the precise terms of the Guarantee. 
 The Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication on the Security upon which this notation of the Guarantee is endorsed shall have been executed by the
Trustee under the Indenture by the manual signature of one of its authorized signatories. 

  
 4 

 
			
	 DISCOVERY COMMUNICATIONS, INC.

		
	By:	 	  

		 	Name:
		 	Title:

  
 5 

 This is one of the Securities of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: 
  

			
	 U.S. BANK NATIONAL ASSOCIATION, Trustee

		
	By:	 	  

		 	Name:
		 	Title: Authorized Officer

  
 6 

 (REVERSE OF SECURITY) 

DISCOVERY COMMUNICATIONS, LLC 
 4.95% Senior Note Due 2042 
  

	 	1.	Interest. 

 DISCOVERY
COMMUNICATIONS, LLC, a Delaware limited liability company (the “Company”), promises to pay interest on the principal amount of this Security at the rate per annum shown above. Cash interest on the Securities will accrue from the
most recent date to which interest has been paid or, if no interest has been paid, from May 17, 2012. The Company will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 15, 2012. Interest will be
computed on the basis of a 360-day year of twelve 30-day months. If any Interest Payment Date is not a Business Day, then the related payment of interest for such Interest Payment Date shall be paid on the next succeeding Business Day with the same
force and effect as if made on such Interest Payment Date and no further interest shall accrue as a result of such delay. 
 The
Company shall pay interest on overdue principal from time to time on demand at the rate borne by the Securities and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	2.	Method of Payment. 

 The Company
shall pay interest on the Securities (except defaulted interest) to the persons who are the registered Holders at the close of business on the Interest Record Date immediately preceding the Interest Payment Date notwithstanding any transfer or
exchange of such Security subsequent to such Interest Record Date and prior to such Interest Payment Date. Holders must surrender Securities to the Trustee to collect principal payments. The Company shall pay principal and interest in money of the
United States that at the time of payment is legal tender for payment of public and private debts (“U.S. Legal Tender”). Payment of principal of (and premium, if any) and any such interest on this Security will be made at the
Corporate Trust Office of the Trustee in Boston, Massachusetts or at any other office or agency designated by the Company for such purpose; provided that at the option of the Company payment of interest may be made by check mailed to the address of
the Holder entitled thereto as such address appears in the Security register. However, the payments of interest, and any portion of the principal (other than interest payable at maturity or on any redemption or repayment date or the final payment of
principal) shall be made by the Paying Agent, upon receipt from the Company of immediately available funds by 12:30 p.m., New York City time (or such other time as may be agreed to between the Company and the Paying Agent or the Company), directly
to a Holder (by Federal funds wire transfer or otherwise) if the Holder has delivered written instructions to the Trustee 15 days prior to such payment date requesting that such payment will be so made and designating the bank account to which

  
 7 

 
such payments shall be so made and in the case of payments of principal surrenders the same to the Trustee in exchange for a Security or Securities aggregating the same principal amount as the
unredeemed principal amount of the Securities surrendered. 
  

	 	3.	Paying Agent. 

 Initially, U.S.
Bank National Association (the “Trustee”) will act as Paying Agent. The Company may change any Paying Agent without notice to the Holders. 
  

	 	4.	Indenture. 

 The Company issued
the Securities under an Indenture, dated as of August 19, 2009 (the “Indenture”), among the Company, the Guarantor and the Trustee. Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein.
The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”), as in effect on the date of the
Indenture. Notwithstanding anything to the contrary herein, the Securities are subject to all such terms, and holders of Securities are referred to the Indenture and the TIA for a statement of them. To the extent the terms of the Indenture and this
Security are inconsistent, the terms of the Indenture shall govern. 
 The Company, the Guarantor and the Trustee entered into a
Fourth Supplemental Indenture, dated as of May 17, 2012 setting forth certain terms of the Securities pursuant to Section 2.04 of the Indenture (the “Supplemental Indenture”). The Supplemental Indenture imposes certain
limitations on the incurrence of liens and certain sale and leaseback transactions and limits the Company’s ability to consolidate, merge, convey, transfer or lease its properties and assets substantially as an entirety. To the extent the terms
of the Supplemental Indenture are inconsistent with the Indenture or this Security, the terms of the Supplemental Indenture shall govern. 
  

	 	5.	Guarantee. 

 The payment by the
Company of the principal of, and premium and interest on, the Securities is irrevocably and unconditionally guaranteed on a senior basis by the Guarantor. 
  

	 	6.	Optional Redemption. 

 The
Securities are redeemable, in whole or in part, at the option of the Company, at any time and from time to time at the redemption price described in the Supplemental Indenture. 

  
 8 

	 	7.	Change of Control Offer to Repurchase. 

 If a Change of Control Triggering Event (as defined in the Supplemental Indenture) occurs, unless the Company has exercised its right to redeem the Securities, Holders of the Securities will have the
right to require the Company to repurchase all or a portion of their Securities pursuant to the offer described in the Supplemental Indenture at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any,
to the date of repurchase, subject to the rights of Holders of Securities on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date. 

 

	 	8.	Denominations; Transfer; Exchange. 

 The Securities are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000. A Holder shall register the transfer of or exchange Securities in accordance with the Indenture.
The Company may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The
Company need not issue, authenticate, register the transfer of or exchange any Securities or portions thereof for a period of 15 days before such series is selected for redemption, nor need the Company register the transfer or exchange of any
Security selected for redemption in whole or in part. 
  

	 	9.	Persons Deemed Owners. 

 The
registered Holder of a Security shall be treated as the owner of it for all purposes. 
  

	 	10.	Unclaimed Funds. 

 If funds for
the payment of principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Company or the Guarantor at its written request. After that, all liability of the Trustee and such Paying Agent with
respect to such funds shall cease. 
  

	 	11.	Legal Defeasance and Covenant Defeasance. 

 The Company may be discharged from its obligations under the Securities and under the Indenture with respect to the Securities except for certain provisions thereof, and may be discharged from obligations
to comply with certain covenants contained in the Securities and in the Indenture with respect to the Securities, in each case upon satisfaction of certain conditions specified in the Indenture. 

 

	 	12.	Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Securities and the provisions of the Indenture relating to the Securities may be amended or
supplemented with the 

  
 9 

 
written consent of the Holders of at least a majority in aggregate principal amount of the Securities of all series then outstanding affected by such amendment or supplement (voting as one
class), and any existing Default or Event of Default or compliance with certain provisions may be waived with the consent of the Holders of a majority in aggregate principal amount of all the Securities of such series, each series voting as a
separate class, (or of all the Securities, as the case may be, voting as a single class) then outstanding. Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Securities to, among other
things, cure any ambiguity, defect or inconsistency, provide for uncertificated Securities in addition to or in place of certificated Securities, or make any other change that does not adversely affect the rights of any Holder of a Security.

  

	 	13.	Defaults and Remedies. 

 If an
Event of Default (other than certain bankruptcy Events of Default with respect to the Company or the Guarantor) occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of Securities of this series then
outstanding (voting as a separate class) may declare all of the Securities to be due and payable immediately in the manner and with the effect provided in the Indenture. If a bankruptcy Event of Default with respect to the Company or the Guarantor
occurs and is continuing, the entire principal amount of the Securities then outstanding and interest accrued thereon, if any, shall immediately become due and payable. Holders of Securities may not enforce the Indenture or the Securities except as
provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Securities unless it has received indemnity satisfactory to it. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in
aggregate principal amount of the Securities then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Securities notice of certain continuing Defaults or Events of Default if it
determines that withholding notice is in their interest. 
  

	 	14.	Trustee Dealings with Company. 

The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise
deal with the Company as if it were not the Trustee. 
  

	 	15.	No Recourse Against Others. 

 No
stockholder, director, officer, employee, member or incorporator, as such, of the Company, of the Guarantor or any successor Person thereof shall have any liability for any obligation under the Securities or the Indenture or for any claim based on,
in respect of or by reason of, such obligations or their creation. Each Holder of a Security by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Securities.

  
 10 

	 	16.	Authentication. 

 This Security
shall not be valid until the Trustee manually signs the certificate of authentication on this Security. 
  

	 	17.	Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Security or an assignee, such as: TEN COM (= tenants in common), TEN ENT
(= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

 

	 	18.	CUSIP Numbers. 

 Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the
accuracy of such numbers as printed on the Securities and reliance may be placed only on the other identification numbers printed hereon. 
  

	 	19.	Governing Law. 

 The laws of the
State of New York shall govern the Indenture and this Security thereof. 

  
 11 

 ASSIGNMENT FORM 

I or we assign and transfer this Security to 
  

			
		
	  
	  	
	(Print or type name, address and zip code of assignee or transferee)	  	
		
	  
	  	
	(Insert Social Security or other identifying number of assignee or transferee)	  	

 and irrevocably appoint
                                        
agent to transfer this Security on the books of the Company. The agent may substitute another to act for him. 
 Dated: 

 

					
	Signed:	 	
		
		 	  

		 	 (Signed exactly as name appears on the other side of this Security)

  

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

  
 12 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Company pursuant to Section 4.02 of the Supplemental Indenture, check
the box  ̈. 
 If you want to elect to have only part of this Security purchased
by the Company pursuant to Section 4.02 of the Supplemental Indenture, state the amount you elect to have purchased (must be integral multiples of $1,000): 
 $             
 Dated: 

 

					
	Signed:	 	
		
		 	  

		 	(Signed exactly as name appears on the other side of this Security)

  

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

  
 13Commitment Letter

 Exhibit 10.1 
 Chiesi Farmaceutici S.p.A. 
 Via Palermo 26/1 – 43122 Parma, Italy 

May 10, 2012 

Commitment Letter 

Cornerstone Therapeutics, Inc. 
 1255 Crescent
Green Drive 
 Suite 250 
 Cary, NC
27518 

			
	Attention:	 	Vincent T. Morgus, CFO
		 	Craig A. Collard, CEO

 Ladies and Gentlemen: 
 You have advised Chiesi Farmaceutici S.p.A. (“Chiesi” “we”, “us” or the “Commitment Party”) that you intend to acquire the Target and
consummate the other transactions described in the introductory paragraph of Exhibit A hereto. Capitalized terms used but not defined herein are used with the meanings assigned to them in the Term Sheet. 

In connection with the entering into of the Facility and the other transactions described in the introductory paragraph of
Exhibit A hereto, Chiesi is pleased to advise you of its commitment to provide the entire aggregate principal amount of the Facility subject to the satisfaction of the conditions precedent set forth on Exhibit A hereto and set forth
herein. 
 This Commitment Letter and the Summary of Terms and Conditions attached as Exhibit A (the “Term
Sheet”) set forth the principal terms and conditions on and subject to which Chiesi is willing to make available the Facility. 
 It is agreed that Chiesi (or an affiliate designated by it) will act as administrative agent and collateral agent in respect of the Facility (in such capacity, the “Agent”). 

Prior to and until the Closing Date of the Facility there shall be no competing offering, placement or arrangement of any debt securities
or bank financings by or on behalf of the Company or the Target or any of their respective affiliates without the consent of Chiesi; provided, that, the Company may enter into capitalized leases and swap or hedging agreements in the normal course of
business. 
 Chiesi will not be subject to any fiduciary or other implied duties in connection with its actions hereunder.
Additionally, the Company acknowledges and agrees that Chiesi, in its capacity as a Lender or the Agent, is not advising the Company as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction. The Company shall consult
with its own advisors concerning such matters and shall be responsible for making its own independent investigation and appraisal of the transactions contemplated hereby, and Chiesi shall have no responsibility or liability to the Company with
respect thereto. 

 Chiesi’s commitment to fund the Facility on the Closing Date hereunder is subject
solely to: (a) there not occurring or becoming known to Chiesi a Company Material Adverse Effect (as defined in the Acquisition Agreement and incorporated herein by reference); (b) the closing of the Facility on or before July 30,
2012; and (c) the other conditions set forth on Exhibit A hereto. 
 Notwithstanding anything in this Commitment
Letter (including each Exhibit attached hereto) or any other letter agreement or other undertaking concerning the financing of the Transactions to the contrary, (a) the only representations relating to the Company, the Guarantors (as defined in
Term Sheet), the Target, your and their respective subsidiaries and your and their respective businesses, the making of which shall be a condition to the availability of the Facility on the Closing Date shall be (i) the representations made by
or with respect to the Target in the Acquisition Agreement (as defined in Exhibit A) as are material to the interests of Chiesi, but only to the extent that the Company has the right to terminate its obligations under the Acquisition Agreement, or
decline to consummate the Acquisition, as a result of a breach of such representation in the Acquisition Agreement, and (ii) the Specified Representations (as defined below), and (b) the terms of the applicable Facility Documentation shall
be in a form such that they do not impair the availability of the Facility on the Closing Date if the conditions set forth herein and in the Term Sheet hereto are satisfied (it being understood that to the extent any security interest in the
intended collateral (other than any collateral the security interest in which may be perfected by the filing of a UCC financing statement, or the delivery of stock certificates) is not perfected on the Closing Date after your use of commercially
reasonable efforts to do so, the perfection of such security interest(s) will not constitute a condition precedent to the availability of the Facility on the Closing Date but such security interest(s) will be required to be perfected after the
Closing Date pursuant to arrangements to be mutually agreed by the Agent and the Company. As used herein, “Specified Representations” means representations and warranties of the Company and the Guarantors to be set forth in the
Facility Documentation (as defined in Exhibit A) relating to incorporation or formation; organizational power and authority; due execution, delivery and enforceability of the applicable Facility Documentation; solvency; not conflicting with laws or
organizational documents; and, subject to the limitations on perfection of security interests set forth in the preceding sentence, the creation, validity, perfection and priority (subject to certain mutually agreed upon permitted encumbrances) of
the security interests granted in the proposed collateral. This paragraph, and the provisions herein, shall be referred to as the “Conditions Limitations Provisions”. 

Without limiting the conditions precedent provided herein to funding the consummation of the Acquisition with proceeds of the Facility,
the Commitment Party will cooperate with you as reasonably requested in coordinating the timing and procedures for the funding of the Facility in a manner consistent with the Acquisition Agreement. Notwithstanding anything in this Commitment Letter,
the Facility Documentation or any other letter agreement or other undertaking concerning the financing of the transactions contemplated hereby to the contrary, the only conditions to the availability of the Facility on the Closing Date are set forth
herein, in the Term Sheet under the heading “Conditions Precedent” and as set forth in Schedule 1 of the Term Sheet and upon satisfaction of such conditions, the funding of the Facility shall occur; it being understood that the substance
of this provision shall be included and reflected in the definitive loan agreement. 
 You agree (a) to indemnify and hold
harmless Chiesi, its affiliates and its directors, employees, advisors, and agents (each, an “indemnified person”) from and against any and all losses, claims, damages and liabilities to which any such indemnified person may become
subject arising out of or in connection with any claim, action or proceeding relating to this Commitment Letter, the Facility, the use of the proceeds thereof, the Transactions or any related transaction contemplated hereby or any claim,

  
 2 

 
litigation, investigation or proceeding relating to any of the foregoing, regardless of whether any indemnified person is a party thereto or whether brought by the Company, the Target, any
Guarantor (as defined in the Term Sheet), or any other party, and to reimburse each indemnified person upon demand for any reasonable and documented out-of-pocket legal or other expenses incurred in connection with investigating or defending any of
the foregoing, provided that the foregoing indemnity will not, as to any indemnified person, apply to losses, claims, damages, liabilities or related expenses to the extent they are found by a final, non-appealable judgment of a court to
arise from (i) the willful misconduct, gross negligence or bad faith of such indemnified person, (ii) a material breach of the material obligations of such indemnified person or any of such indemnified person’s affiliates under this
Commitment Letter or the Facility Documentation or (iii) any proceeding that does not involve an act or omission by you or any of your affiliates and that is brought by an indemnified person against any other indemnified person (other than any
proceeding against Chiesi in its capacity or in fulfilling its role as Agent or any agency or similar role under the Facility), and (b) to reimburse Chiesi and its affiliates from time to time on demand, upon presentation of a summary
statement, for all reasonable and documented out-of-pocket expenses (including, but not limited to reasonable expenses of Chiesi’s consultants’ fees, travel expenses and reasonable and documented fees, disbursements and charges of counsel
to Chiesi) and of a single local counsel in each applicable jurisdiction retained by Chiesi, in each case incurred in connection with the Facility and any related documentation (including this Commitment Letter and the definitive financing
documentation) or the administration, amendment, modification, waiver or enforcement thereof. The foregoing provisions in this paragraph shall be superseded in each case, to the extent covered thereby, by the applicable provisions contained in the
Facility Documentation upon execution thereof. No indemnified person shall be liable for any damages arising from the use by others of Information or other materials obtained through internet, electronic, telecommunications or other information
transmission systems, except to the extent such damages are found by a final, non-appealable judgment of a court to arise from the gross negligence or willful misconduct of such indemnified person. In addition, no indemnified person shall be liable
for any special, indirect, consequential or punitive damages in connection with the Facility. 
 You shall not be liable for any
settlement of any proceeding effected without your consent (such consent not to be unreasonably withheld, conditioned or delayed), but if settled with your written consent or if there is a final and non-appealable judgment by a court of competent
jurisdiction for the plaintiff in any such proceeding, you agree to indemnify and hold harmless each indemnified person from and against any and all losses, claims, damages, liabilities and expenses by reason of such settlement or judgment in
accordance with the other indemnification provisions. Notwithstanding anything herein to the contrary, if at any time an indemnified person shall have requested indemnification in accordance with this Commitment Letter, you shall be liable for any
settlement referred to in the immediately preceding sentence effected without your consent if (a) such settlement is entered into more than 30 days after receipt by you of such request for such indemnification and (b) you shall not have
provided such indemnification in accordance with such request prior to the date of such settlement. 
 You further acknowledge
and agree, with respect to the Transaction and the financing contemplated hereby, that (a) no fiduciary, advisory or agency relationship between you and Chiesi is intended to be or has been created in respect of the Facility contemplated by
this Commitment Letter, irrespective of whether Chiesi has advised or is advising you on other matters, (b) Chiesi, on the one hand, and you, on the other hand, have an arm’s length business relationship that does not directly or
indirectly give rise to, nor do you rely on, any fiduciary duty to you or your affiliates on the part of Chiesi in respect of the Facility contemplated hereby, (c) you are capable of evaluating and understanding, and you understand and accept,
the terms, risks and conditions of the transactions contemplated by this Commitment Letter, (d) you have been advised that Chiesi is engaged in a broad range of transactions that may involve interests that differ from your interests and that
Chiesi has no obligation to disclose such interests and transactions to you, (e) you have consulted your own legal, accounting, regulatory and tax 

  
 3 

 
advisors to the extent you have deemed appropriate, (f) Chiesi has been, is, and will be acting solely as a principal and, except as otherwise expressly agreed in writing by it and the
relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for you, any of your affiliates or any other person or entity in respect of the Facility contemplated hereby and (g) Chiesi has no obligation to
you or your affiliates with respect to the Facility contemplated hereby except those obligations expressly set forth herein or in any other express writing executed and delivered by Chiesi and you or any such affiliate. 

This Commitment Letter shall not be assignable by you without the prior written consent of Chiesi (and any purported assignment without
such consent shall be null and void), is intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties hereto and the indemnified
persons to the extent expressly set forth herein. This Commitment Letter may not be amended or waived except by an instrument in writing signed by you and Chiesi. This Commitment Letter may be executed in any number of counterparts, each of which
shall be an original, and all of which, when taken together, shall constitute one agreement. Delivery of an executed signature page of this Commitment Letter by email or facsimile transmission shall be effective as delivery of a manually executed
counterpart hereof. This Commitment Letter (including the exhibits hereto) is the only agreement that has been entered into among us with respect to the Facility and set forth the entire understanding of the parties with respect thereto. 

This Commitment Letter and any claim, controversy or dispute arising under or related to this Commitment Letter shall be governed by, and
construed and interpreted in accordance with, the laws of the State of New York; provided that it is understood and agreed that (x) whether there shall have occurred a Company Material Adverse Effect, (y) whether the Acquisition has
been consummated as contemplated by the Acquisition Agreement and (z) whether the representation and warranties made by the Company in the Acquisition Agreement are accurate shall be governed by, and construed in accordance with, the laws of
the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof. The Company consents to the jurisdiction and venue of any state or federal courts located in the County and City of
New York. Each party hereto irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, (a) any objection that it may now or hereafter have to the laying of venue of any such legal proceeding in the state or
federal courts located in the County and City of New York and any claim that any such legal proceeding has been brought in an inconvenient forum and (b) any right it may have to a trial by jury in any suit, action, proceeding, claim or
counterclaim brought by or on behalf of any party related to or arising out of this Commitment Letter, the Term Sheet, the transactions contemplated hereby or the performance of services hereunder. Each party hereto agrees not to bring any claim,
controversy or dispute arising under or related to this Commitment Letter in any jurisdiction or venue other than the state or federal courts located in the County and City of New York. 

You agree that you will not disclose, directly or indirectly, this Commitment Letter, the Term Sheet, the other exhibits and attachments
hereto and the contents of each thereof, or the activities of Chiesi pursuant hereto or thereto, to any person or entity without prior written approval Chiesi (such approval not to be unreasonably withheld, conditioned or delayed), except
(a) to your officers, directors, agents, employees, attorneys, accountants, advisors, controlling persons or equity holders on a confidential and need-to-know basis, (b) if Chiesi consents in writing to such proposed disclosure or
(c) pursuant to the order of any court or administrative agency in any pending legal, judicial or administrative proceeding, or otherwise as required by applicable law or compulsory legal process or to the extent requested or required by
governmental and/or regulatory authorities, in each case based on the reasonable advice of your legal counsel (in which case you agree, to the extent practicable and not prohibited by applicable law, to inform us promptly thereof prior to
disclosure); provided that (i) you may disclose this Commitment Letter and the contents hereof to the Target and its respective officers, directors, agents, 

  
 4 

 
employees, attorneys, accountants, advisors, controlling persons or equity holders, on a confidential and need-to-know basis and (ii) you may disclose the Commitment Letter and its contents
in connection with any public filing relating to the Transactions. 
 Chiesi and its affiliates will use all confidential
information provided to them or such affiliates by or on behalf of you hereunder or in connection with the Acquisition and the related Transactions solely for the purpose of providing the services which are the subject of this Commitment Letter and
shall treat confidentially all such information and shall not publish, disclose or otherwise divulge, such information; provided that nothing herein shall prevent Chiesi and its affiliates from disclosing any such information
(a) pursuant to the order of any court or administrative agency or in any pending legal, judicial or administrative proceeding, or otherwise as required by applicable law or compulsory legal process based on the advice of counsel (in which case
Chiesi agrees, to the extent practicable and not prohibited by applicable law, to inform you promptly thereof prior to disclosure), (b) upon the request or demand of any governmental and/or regulatory authority having jurisdiction over Chiesi
or any of their respective affiliates, (c) to the extent that such information becomes publicly available other than by reason of improper disclosure by Chiesi or any of its affiliates in violation of any confidentiality obligations owing to
you, the Target or any of your or their respective affiliates (including those set forth in this paragraph), (d) to the extent that such information is received by Chiesi from a third party that is not, to Chiesi’s knowledge, subject to
contractual or fiduciary confidentiality obligations owing to you, the Target or any of your or their respective affiliates, (e) to the extent that such information is independently developed by Chiesi, (f) to Chiesi’s affiliates and
to its and their respective employees, legal counsel, independent auditors, professionals, rating agencies and other experts or agents who need to know such information in connection with the Transactions and who are informed of the confidential
nature of such information and have been advised of their obligations to keep information of this type confidential, (g) to potential or prospective Lenders, participants or assignees and to any direct or indirect contractual counterparty to
any swap or derivative transaction relating to the Company, the Target or any of your subsidiaries or (h) for purposes of establishing a “due diligence” defense; provided that the disclosure of any such information to any
Lenders or potential or prospective Lenders, participants or assignees referred to above shall be made subject to the acknowledgment and acceptance by such lender or potential or prospective Lender, participant or assignee that such information is
being disseminated on a confidential basis (on substantially the terms set forth in this paragraph or as is otherwise reasonably acceptable to you and Chiesi. Chiesi’s and its affiliates’, if any, obligations under this paragraph shall
(i) if the initial funding under the definitive documentation relating to the Facility occurs, terminate automatically and be superseded by the confidentiality provisions in the definitive documentation relating to the Facility or (ii) if
the initial funding under the definitive documentation relating to the Facility does not occur, survive the termination of this Commitment Letter and shall automatically terminate and be of no further effect two years from the date hereof.

 Chiesi hereby notifies you that, pursuant to the requirements of the USA Patriot Act, Title III of Pub. L. 107-56 (signed
into law on October 26, 2001) (the “Patriot Act”), it is required to obtain, verify and record information that identifies the Company and each Guarantor (as defined in the Term Sheet), which information includes names and
addresses and other information that will allow Chiesi to identify the Company and each Guarantor in accordance with the Patriot Act. 
 The compensation (if applicable), reimbursement, indemnification, confidentiality, governing law, submission to jurisdiction and waiver of jury trial provisions contained herein and any other provision
herein or therein which by its terms expressly survives the termination of this Commitment Letter shall remain in full force and effect regardless of whether definitive financing documentation shall be executed and delivered and notwithstanding the
termination of this Commitment Letter or the commitments hereunder. 

  
 5 

 If the foregoing correctly sets forth our agreement, please indicate your acceptance of the
terms hereof and of the Term Sheet by returning to us executed counterparts hereof not later than 5:00 p.m., New York City time, on May 14, 2012. This offer will automatically expire at such time if we have not received such executed
counterparts in accordance with the preceding sentence. If you do so execute and deliver to us this Commitment Letter, we agree to hold our commitment available for you until the earliest of (i) after execution of the Acquisition Agreement and
prior to the consummation of the Transactions, the termination of the Acquisition Agreement in accordance with its terms, (ii) the consummation of the Acquisition with or without the funding of the Facility and (iii) 5:00 p.m. New York
City time, on July 30, 2012 (such earliest time, the “Expiration Date”). Upon the occurrence of any of the events referred to in the preceding sentence, this Commitment Letter and the commitments of Chiesi hereunder shall
automatically terminate unless Chiesi shall, in its sole discretion agree to an extension in writing. 

  
 6 

 We are pleased to have been given the opportunity to assist you in connection with this
important financing. 
  

			
	Very truly yours,
	
	CHIESI FARMACEUTICI S.P.A.
		
	By:	 	 /s/ Alberto Chiesi

	Name: Alberto Chiesi
	Title: President

  

			
	Accepted and agreed to as of the date first above written:
	
	CORNERSTONE THERAPEUTICS, INC.
		
	By:	 	 /s/ Craig A. Collard

		 	Name: Craig A. Collard
		 	Title: CEO

 Exhibit A 

CORNERSTONE THERAPEUTICS INC. 
 TERM LOAN FACILITY 
 Summary of Terms and Conditions 

 
  

Cornerstone Therapeutics, Inc., a Delaware corporation (the “Company”), intends to acquire (the
“Acquisition”) EKR Holdings, Inc. and its subsidiaries (the “Target”), all as previously described to Chiesi Farmaceutici S.p.A. The Company intends to consummate the Acquisition pursuant to an Agreement and Plan of
Merger (together with all exhibits, schedules, annexes and other disclosure letters thereto, the “Acquisition Agreement”), by and among the Company, EKR Holdings, Inc., EKR Therapeutics, Inc. and Stone Acquisition Sub, Inc.,
pursuant to which the Company will acquire, directly or indirectly, all of the equity interests of Target. Following the Acquisition and the merger with Stone Acquisition Sub, Inc., the Target will be a wholly owned subsidiary of the Company. In
connection therewith the Company will obtain up to $90.0 million in commitments under a senior secured term loan facility (the “Facility”) and the proceeds of the Facility and cash on hand at the Company and the Target on the
Closing Date will be applied (a) to pay the cost of acquiring all of the capital stock of the Target and (b) to pay the fees and expenses incurred in connection with the Transactions (such fees and expenses, the “Transaction
Costs”). 
 The transactions described above (including the payment of Transaction Costs) are collectively referred to
herein as the “Transactions”. 
 Set forth below is a summary of the terms and conditions for the Facility.

  

			
	Borrower:	  	Cornerstone Therapeutics, Inc. (the “Company”, the “Borrower” or “you”).
		
	Guarantors:	  	All domestic subsidiaries of the Company (including the Target, after giving effect to the Acquisition) (individually, a “Guarantor” and collectively,
“Guarantors”, and together with Borrower, individually, a “Loan Party” and collectively, the “Loan Parties”).
		
	Administrative and Collateral Agent:	  	Chiesi Farmaceutici S.p.A. (in such capacity, the “Agent”).
		
	Lenders:	  	Chiesi Farmaceutici S.p.A and other parties that become parties to the financing arrangements as lenders (collectively, the “Lenders”).
		
	Facility:	  	The Facility will consist of: (a) a Term Loan A of up to $60,000,000 (“Term Loan A”) and (b) a Term Loan B of up to $30,000,000 (“Term Loan B” and
together with Term Loan A, the “Term Loans”). Each of the Term Loans will be fully drawn on the Closing Date (as defined below).
		
	Amortization:	  	The Term Loan A will be repaid in consecutive quarterly installments of principal commencing on December 31, 2014 and on the last day of each fiscal quarter thereafter. The amount
of each quarterly installment will be equal to $3,500,000, with the final installment to be in the then remaining balance of the Term Loan A (and including principal, accrued and unpaid interest and other
amounts).

			
		
	Optional Prepayments:	  	The Term Loans may be prepaid, in whole or in part, at the option of the Borrower, upon notice and in minimum principal amounts and multiples to be agreed, without premium or
penalty and will be applied first, to installments of principal of Term Loan A ratably to remaining installments, then to any remaining amounts outstanding on the Term Loan A and finally to the Term Loan B.
		
	Mandatory Prepayments:	  	 The Borrower will be required to prepay the Term Loans plus accrued and unpaid interest from the net proceeds of the sale of any
assets outside the ordinary course of business (including as a result of casualty or condemnation and excluding sales of inventory, obsolete or worn-out property, property no longer useful in such person’s business and other customary
exceptions to be agreed), and the issuance of any equity (collectively, the “Net Proceeds”), in each case, to extent such aggregate Net Proceeds exceeds $5,000,000, subject, in the case of sale of assets, casualty and condemnation,
to a customary reinvestment option of not more than 180 days. Repayments shall be applied first, to installments of principal of Term Loan A ratably to remaining installments and thereafter to any remaining amounts outstanding on the Term Loan A.
After the Term Loan A has been repaid in full, the Borrower shall apply Net Proceeds to repay the Term Loan B at the Lenders’ election.
  

The Borrower will be required to prepay the Term Loan A in an amount equal to the applicable ECF Percentage below multiplied by the Excess Cash for such
fiscal year, beginning with the fiscal year ending December 31, 2013.

  

					
	 ECF Percentage
	  	Senior
Leverage
Ratio	 
	 50%
	  	 	above 2:1	  
		
	 0%
	  	 	below 2:1	  

  

			
		  	“Senior Leverage Ratio” shall mean as of any date for which it is to be determined, the ratio of (i) the sum of all outstanding secured indebtedness as of such date
plus the aggregate face amount expressed in Dollars of all drafts which may then or thereafter be presented by beneficiaries under all letters of credit issued for the account of any Loan Party outstanding as of such date plus (without
duplication), the face amount of all drafts which have been presented or accepted under all letters of credit issued for the account of any Loan Party but have not yet been paid or have been paid but not reimbursed to (ii) EBITDA for the most
recently ended twelve-month period for which monthly financial statements are available.
		
		  	“EBITDA” shall mean for any fiscal period of an entity, that entity’s net income adjusted by (i) adding thereto (x) the entity’s net interest expense,
provision for income taxes, depreciation and amortization expense, other non-cash charges that were deducted in computing net income for the period, (y) reasonable transaction costs incurred in connection with any permitted acquisition, and (z) for
any such permitted acquisition, restructuring charges,

  
 2 

			
		  	 cost savings, operating expense reductions and synergies projected to be achieved within 12 months of the closing date of such
acquisition, in an aggregate amount under this clause (z) not to exceed an amount to be agreed upon by the Agent; (ii) excluding the amount of any extraordinary gains or losses and gains or losses from sales of assets other than inventory in the
ordinary course of business and other non-recurring extraordinary charges; and (iii) excluding the amount of any gain recognized from the write-off of negative goodwill.
  

“Excess Cash” shall mean, as of any date of determination, an amount equal to (a) EBITDA for the most recently completed fiscal year of
the Borrower, minus (b) in each case, the sum (without duplication) of: (i) capital expenditures made in cash and not financed and not paid for with insurance proceeds during such period and consideration paid in respect of the Acquisition
(including existing contingent obligations of Target), other permitted acquisitions and existing contingent obligations disclosed to the Agent, (ii) any interest expense paid in cash during such period, (iii) the aggregate amount of Federal, state,
local and foreign income taxes paid in cash during such period, (iv) the aggregate amount of tax dividends and distributions paid in cash by the Borrower and permitted under the Facility Documentation, (v) prepayments or repayments of the Term Loans
in cash by Borrower during such period and (vi) any transaction costs, restructuring charges, cost savings, operating expense reductions and synergies projected to be achieved with respect to any permitted acquisition solely to the extent included
in the calculation of EBITDA.

		
	Interest and Fees:	  	 Interest on the Term Loan A shall accrue at 7.5% per annum. Interest on the Term Loan B shall accrue at 6.5% per annum.

 
 Interest shall be payable in arrears at the end of each fiscal quarter of the
Borrower and on the maturity date.
  
 After an event of default and for so
long as the same is continuing interest shall be 2.0% greater than the otherwise applicable interest rate.
  
 All per annum rates and fees will be computed on basis of actual days elapsed over a 365 day year.

		
	Conversion Option:	  	 Subject to Company Stockholder Approval, during the Conversion Period, the Lenders shall have the option, exercisable in their sole
discretion, to convert (the “Conversion”) all or a portion of the Term Loan B into unregistered common stock of the Company, at a conversion price equal to $7.098 per share.

 
 Conversion Period shall begin on the date of Company Stockholder Approval and end 24
months thereafter.
  
 “Company Stockholder Approval” shall
mean the requisite approval of the stockholders of the Company of the Conversion. The Company shall covenant to use its best efforts to obtain Company Stockholder Approval immediately after the
closing.

  
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	Security:	  	 Subject to the limitations set forth below in this section, to secure all obligations of the Borrower under the Facility, first priority
(subject to certain specified permitted liens), perfected security interests in and liens upon substantially all of each Loan Party’s present and future assets, including all accounts, general intangibles, chattel paper, documents, instruments
(including any promissory notes), supporting obligations, letters of credit, letter-of-credit rights, deposit accounts (but not deposit accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the
benefit of any Loan Party’s employees), investment property (including any stock or other equity or ownership interests in the subsidiaries of each Loan Party), inventory, equipment, real property and fixtures, and all products and proceeds
thereof (the “Collateral”).
  
 Notwithstanding anything to
the contrary contained herein, the perfection of Collateral shall not include (i) shares of any subsidiary that is a “controlled foreign corporation” in excess of sixty-five percent of all of the issued and outstanding shares of capital
stock of such subsidiary entitled to vote (within the meaning of Treasury Regulation Section 1.956-2) if a pledge of a greater percentage would result in adverse tax consequences to the Company or the assets of such “controlled foreign
corporation” if it would result in adverse tax consequences to the Company, (ii) motor vehicles, (iii) items of minimal value that are not capable of being perfected by the filing of financing statements under the Uniform Commercial Code, (iv)
commercial tort claims less than a de minimis value to be agreed upon, (v) any letter of credit rights which either (A) have a face amount less than a de minimis amount to be mutually agreed or (B) support an obligation with a duration not longer
than a term to be mutually agreed and (vi) leasehold interests in real estate. As to specific items of Collateral, the Agent may determine not to perfect its security interest therein based on the value thereof relative to the costs of such
perfection.

		
	Use of Proceeds:	  	The proceeds of the Term Loans will be used by the Borrower, together with cash on hand of the Borrower and the Target to provide funds to finance a portion of the Acquisition and
to pay the Transaction Costs.
		
	Closing Date:	  	The Lenders will make the Term Loans simultaneously with the consummation of the Acquisition, the “Closing Date.”
		
	Term:	  	5 years from the Closing Date.
		
	Documentation:	  	Definitive loan documentation (collectively, the “Facility Documentation”), including, without limitation, a credit agreement, security agreements, pledge
agreements, guarantees, control agreements, UCC financing statements, customary opinion letters of counsel to Borrower and Guarantors and other agreements and documents related to the foregoing and ancillary documents entered into in connection
therewith, and will contain customary conditions to borrowing, representations, warranties, covenants and events of default, together with other customary loan document provisions and other terms and provisions to be mutually
agreed.

  
 4 

			
		
	Representations and Warranties:	  	Representations shall include only (with customary materiality qualifications and exceptions thereto to be mutually agreed upon): financial statements; absence of undisclosed
liabilities; no material adverse change; corporate existence and organization; compliance with law; corporate power and authority; enforceability of Facility Documentation; no conflict with law or contractual obligations; no material litigation; no
default; ownership of property; liens; intellectual property; no burdensome restrictions; taxes; ERISA; subsidiaries; capitalization; due authorization; material contracts; investments; environmental matters; labor matters; accuracy and completeness
of disclosure; Regulation T,U and X, Investment Company Act, Patriot Act/FCPA; solvency; insurance, real property; and creation and perfection of security interests.
		
	Affirmative Covenants:	  	Affirmative Covenants shall include only (with customary materiality qualifications and exceptions thereto to be mutually agreed upon): maintenance of existence, property, insurance
and material intellectual property; accounting in accordance with GAAP; engaging in same business or businesses reasonably related thereto; compliance with laws and regulations; payment of taxes and other charges that can result in priming liens;
books and records; visitation and inspection; list of deposit accounts; use of proceeds; and future guarantors/collateral.
		
	Reporting Requirements:	  	Reporting Requirements shall include only: delivery of publicly available financial statements which shall be deemed to be made available to the Agent and the Lenders upon the
Borrower’s posting such statements to the Borrower’s public website; and customary notifications, including, without limitation, notice of any default, material litigation, ERISA events or material adverse change. The Borrower shall in no
event be required to deliver material non-public financial information to the Agent or any of the Lenders.
		
	Negative Covenants:	  	 Negative Covenants shall include only (with customary materiality qualifications and exceptions thereto to be mutually agreed upon):
restrictions on indebtedness and guaranties; liens; mergers, consolidations and acquisitions; sale of assets; engaging in business other than current business and those reasonably related thereto; investments; dividends, redemptions and other
payments on junior capital; affiliate transactions; covenants limiting dividends or loans made from subsidiaries to the Borrower or on the ability of the Borrower or any subsidiary to grant liens; sale/leaseback transactions; speculative hedging;
and change in fiscal year.
  
 The negative covenants will expressly allow the
Borrower to enter into an agreement for a working capital facility in an aggregate amount not to exceed $25,000,000 which may be secured on a pari passu basis subject to an intercreditor agreement reasonably satisfactory to the Agent and the
Lenders.

		
	Events of Default:	  	Customary for facilities and transactions of this type, including, without limitation, nonpayment of principal, nonpayment of interest or other amounts (subject to grace and
notice); violation of covenants (subject to cure); incorrectness of representations and warranties in any material respect; cross

  
 5 

			
		  	acceleration to material indebtedness; bankruptcy or insolvency of any Loan Party (subject to cure); material monetary judgments; ERISA events; failure of liens to be valid or
perfected through action or inaction of the Borrower or any Guarantor, and actual or asserted invalidity of guarantees.
		
	Conditions Precedent:	  	The conditions precedent to the Term Loans will consist of (a) the accuracy of representations and warranties in the Facility Documentation in all material respects (except where
qualified by materiality, then just the accuracy thereof), (c) the absence of any default or event of default at the time of, and after giving effect to the making of the Term Loans and (c) those conditions precedent set forth on Schedule 1
hereto. Notwithstanding the foregoing, the only conditions to the availability of the Facility on the Closing Date shall be the conditions set forth herein as set forth in Schedule 1 hereto and in the Commitment Letter; it being understood
that the substance of this provision shall be included and reflected in the definitive loan agreement
		
	Assignments; Participations:	  	Each Lender will be permitted to make assignments of the Term Loans in a minimum amount equal to $10.0 million to other institutions approved by Agent and the Borrower, which
approval shall not be unreasonably withheld, conditioned or delayed; provided, that, (i) the approval of the Borrower shall not be required at any time that an event of default has occurred and is continuing, (ii) the approval of the Company
shall not be required in connection with assignments to other Lenders, to any affiliate of a Lender, or for any participation and (iii) no assignment or participation may be made to a competitor of the Loan Parties (other than affiliates of any
Lender). No assignment or participation may be made to natural persons.
		
	Required Lenders:	  	Lenders holding more than 50% of the Term Loans.
		
	Governing Law:	  	New York but excluding any principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the State of New
York.

  
 6 

			
		
	 Expenses, Waivers and

Indemnity:
	  	 The Loan Parties will, from and after the Closing Date, pay all of the reasonable and documented out-of-pocket expenses and costs of the
Agent, including, without limitation, legal costs and expenses of Agent (and, following the occurrence and during the continuance of an event of default, legal costs and expenses of the Lenders in connection with obtaining payment of the obligations
under and otherwise enforcing the provisions of the Facility Documentation), filing and search charges and recording taxes, plus other reasonable and documented out-of-pocket expenses.

 
 Waivers to include, but not be limited to a waiver by Agent, Lenders and each Loan
Party of its rights to jury trial; waiver by each Loan Party of claims for damages in respect of any breach or alleged breach by the Agent or any Lender of any of the Facility Documentation (other than resulting from gross negligence or willful
misconduct as determined pursuant to a final, non-appealable order of a court of competent jurisdiction); provided that neither Agent nor Lenders shall be liable for any special, indirect, punitive or consequential damages.

 
 The Loan Parties shall indemnify and hold harmless Agent and Lenders and their
respective directors, officers, agent, representatives and employees from and against all losses, claims, damages, expenses, or liabilities arising out of any litigations, investigation or proceeding related to the Facility, except gross negligence,
willful misconduct or bad faith of such indemnitee as determined pursuant to a final, non-appealable order of a court of competent jurisdiction.

		
	USA PATRIOT Act:	  	Each Lender subject to the USA PATRIOT Act (Title III of Pub.L. 107-56 (signed into law October 26, 2001) (the “Act”) hereby notifies the Loan Parties that pursuant
to the requirements of the Act, it is required to obtain, verify and record information that identifies each person or corporation who opens an account and/or enters into a business relationship with it, which information includes the name and
address of the Loan Parties and other information that will allow such Lender to identify such person in accordance with the Act. Loan Parties are hereby advised that any commitment that might at any time be issued is subject to satisfactory results
of such verification.
		
	Counsel to the Agent:	  	Morgan, Lewis & Bockius LLP
		
	Counsel to the Company:	  	Clifford Chance US LLP

  
 7 

 Schedule 1 – Conditions Precedent 

The availability of the Facility, in addition to those set forth in the Commitment Letter, shall be subject to the satisfaction of the
following conditions. Capitalized terms used but not defined herein have the meanings given in the Term Sheet. 
 (a) Each
Loan Party shall have executed and delivered satisfactory Facility Documentation for the Facility as further described in the Term Sheet and consistent with the Commitment Letter. The Agent, for the benefit of itself and the Lenders, shall hold
perfected, first priority security interests in and liens upon the Collateral and the Agent shall have received such evidence of the foregoing as it reasonably requires. 
 (b) The terms of the Acquisition Agreement (including, for the avoidance of doubt, all exhibits, schedules, annexes and other disclosure letters thereto) shall be reasonably satisfactory to the Agent
and the Lenders. The Acquisition shall be consummated in all material respects in accordance with the terms of the Acquisition Agreement concurrently with the initial funding of the Facility without giving effect to any waivers, amendments, consents
or supplements by you to the Acquisition Agreement that are material and adverse to the Lenders as reasonably determined by the Agent. 
 (c) The Lenders and the Agent, shall have received all expenses required to be paid on or before the Closing Date. 
 (d) The Agent shall have received legal opinions (including opinions (i) from counsel to the Company, (ii) if agreed by opining counsel, delivered pursuant to the Acquisition Agreement,
accompanied by reliance letters in favor of the Lenders and (iii) from such special and local counsel (limited to one local counsel for each jurisdiction) as may be required by the Agent) and a chief financial officer’s solvency
certificate in the form reasonably acceptable to the Agent.

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