Document:

Purchase Contract and Pledge Agreement

 Exhibit 4.1 

EXECUTION VERSION 
  

 
  

PURCHASE CONTRACT AND PLEDGE AGREEMENT 

Dated as of December 3, 2013 

among 
 Stanley
Black & Decker, Inc. 
 and 

The Bank of New York Mellon Trust Company, National Association, 

as Purchase Contract Agent, 
 and

 HSBC Bank USA, National Association, 

as Collateral Agent, Custodial Agent and Securities Intermediary 
  

 
  

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	PAGE	 
	
	ARTICLE 1	  
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  
			
	 Section 1.01.
	 	 Definitions
	  	 	1	  
	 Section 1.02.
	 	 Compliance Certificates and Opinions
	  	 	21	  
	 Section 1.03.
	 	 Form of Documents Delivered to Purchase Contract Agent
	  	 	21	  
	 Section 1.04.
	 	 Acts of Holders; Record Dates
	  	 	22	  
	 Section 1.05.
	 	 Notices
	  	 	24	  
	 Section 1.06.
	 	 Notice to Holders; Waiver
	  	 	25	  
	 Section 1.07.
	 	 Effect of Headings and Table of Contents
	  	 	25	  
	 Section 1.08.
	 	 Successors and Assigns
	  	 	25	  
	 Section 1.09.
	 	 Separability Clause
	  	 	25	  
	 Section 1.10.
	 	 Benefits of Agreement
	  	 	26	  
	 Section 1.11.
	 	 Governing Law; Jurisdiction; Waiver of Trial by Jury
	  	 	26	  
	 Section 1.12.
	 	 Legal Holidays
	  	 	27	  
	 Section 1.13.
	 	 Counterparts
	  	 	27	  
	 Section 1.14.
	 	 Inspection of Agreement
	  	 	27	  
	 Section 1.15.
	 	 Appointment of Financial Institution as Agent for the Company
	  	 	27	  
	 Section 1.16.
	 	 No Waiver
	  	 	28	  
	
	ARTICLE 2	  
	CERTIFICATE FORMS	  
			
	 Section 2.01.
	 	 Forms of Certificates Generally
	  	 	28	  
	 Section 2.02.
	 	 Form of Purchase Contract Agent’s Certificate of Authentication
	  	 	28	  
	
	ARTICLE 3	  
	THE UNITS	  
			
	 Section 3.01.
	 	 Amount; Form and Denominations
	  	 	29	  
	 Section 3.02.
	 	 Rights and Obligations Evidenced by the Certificates
	  	 	29	  
	 Section 3.03.
	 	 Execution, Authentication; Delivery and Dating
	  	 	30	  
	 Section 3.04.
	 	 Temporary Certificates
	  	 	31	  
	 Section 3.05.
	 	 Registration; Registration of Transfer and Exchange
	  	 	32	  
	 Section 3.06.
	 	 Book-entry Interests
	  	 	33	  
	 Section 3.07.
	 	 Notices to Holders
	  	 	34	  
	 Section 3.08.
	 	 Appointment of Successor Depositary
	  	 	34	  
	 Section 3.09.
	 	 Definitive Certificates
	  	 	35	  
	 Section 3.10.
	 	 Mutilated, Destroyed, Lost and Stolen Certificates
	  	 	35	  

  
 i 

							
	 Section 3.11.
	 	 Persons Deemed Owners
	  	 	37	  
	 Section 3.12.
	 	 Cancellation
	  	 	38	  
	 Section 3.13.
	 	 Creation of Treasury Units by Substitution of Treasury Security
	  	 	39	  
	 Section 3.14.
	 	 Creation of Cash Settled Units by Substitution of Cash
	  	 	41	  
	 Section 3.15.
	 	 Recreation of Corporate Units
	  	 	43	  
	 Section 3.16.
	 	 Transfer of Collateral Upon Occurrence of Termination Event
	  	 	45	  
	 Section 3.17.
	 	 No Consent to Assumption
	  	 	47	  
	 Section 3.18.
	 	 Substitutions
	  	 	48	  
	
	ARTICLE 4	  
	THE NOTES	  
			
	 Section 4.01.
	 	 Payments; Rights to Payments Preserved
	  	 	48	  
	 Section 4.02.
	 	 Payments Prior to or on Purchase Contract Settlement Date
	  	 	50	  
	 Section 4.03.
	 	 Notice and Voting
	  	 	51	  
	 Section 4.04.
	 	 Payments to Purchase Contract Agent
	  	 	52	  
	 Section 4.05.
	 	 Payments Held In Trust
	  	 	53	  
	
	ARTICLE 5	  
	THE PURCHASE CONTRACTS	  
			
	 Section 5.01.
	 	 Purchase of Shares of Common Stock
	  	 	53	  
	 Section 5.02.
	 	 Remarketing; Notices; Separate Notes; Registration; Payment of Purchase Price
	  	 	55	  
	 Section 5.03.
	 	 Issuance of Shares of Common Stock
	  	 	63	  
	 Section 5.04.
	 	 Fundamental Change Early Settlement
	  	 	64	  
	 Section 5.05.
	 	 Termination Event; Notice
	  	 	70	  
	 Section 5.06.
	 	 Early Settlement
	  	 	70	  
	 Section 5.07.
	 	 No Fractional Shares
	  	 	74	  
	 Section 5.08.
	 	 Charges and Taxes
	  	 	74	  
	 Section 5.09.
	 	 Contract Adjustment Payments
	  	 	75	  
	 Section 5.10.
	 	 Deferral of Contract Adjustment Payments
	  	 	76	  
	 Section 5.11.
	 	 Anti-dilution Adjustments
	  	 	78	  
	 Section 5.12.
	 	 Reorganization Events
	  	 	86	  
	
	ARTICLE 6	  
	RIGHTS AND REMEDIES OF HOLDERS	  
			
	 Section 6.01.
	 	 Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock
	  	 	87	  
	 Section 6.02.
	 	 Restoration of Rights and Remedies
	  	 	88	  
	 Section 6.03.
	 	 Rights and Remedies Cumulative
	  	 	88	  
	 Section 6.04.
	 	 Delay or Omission Not Waiver
	  	 	88	  

  
 ii 

							
	 Section 6.05.
	 	 Undertaking for Costs
	  	 	88	  
	 Section 6.06.
	 	 Waiver of Stay or Extension Laws
	  	 	89	  
	
	ARTICLE 7	  
	THE PURCHASE CONTRACT AGENT	  
			
	 Section 7.01.
	 	 Certain Duties and Responsibilities
	  	 	89	  
	 Section 7.02.
	 	 Notice of Default
	  	 	91	  
	 Section 7.03.
	 	 Certain Rights of Purchase Contract Agent
	  	 	91	  
	 Section 7.04.
	 	 Not Responsible for Recitals or Issuance of Units
	  	 	93	  
	 Section 7.05.
	 	 May Hold Units
	  	 	93	  
	 Section 7.06.
	 	 Money Held in Custody
	  	 	93	  
	 Section 7.07.
	 	 Compensation and Reimbursement
	  	 	94	  
	 Section 7.08.
	 	 Corporate Purchase Contract Agent Required; Eligibility
	  	 	95	  
	 Section 7.09.
	 	 Resignation and Removal; Appointment of Successor
	  	 	95	  
	 Section 7.10.
	 	 Acceptance of Appointment by Successor
	  	 	97	  
	 Section 7.11.
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	97	  
	 Section 7.12.
	 	 Preservation of Information; Communications to Holders
	  	 	98	  
	 Section 7.13.
	 	 No Obligations of Purchase Contract Agent
	  	 	98	  
	 Section 7.14.
	 	 Tax Compliance
	  	 	98	  
	
	ARTICLE 8	  
	SUPPLEMENTAL AGREEMENTS	  
			
	 Section 8.01.
	 	 Supplemental Agreements Without Consent of Holders
	  	 	99	  
	 Section 8.02.
	 	 Supplemental Agreements with Consent of Holders
	  	 	100	  
	 Section 8.03.
	 	 Execution of Supplemental Agreements
	  	 	102	  
	 Section 8.04.
	 	 Effect of Supplemental Agreements
	  	 	102	  
	 Section 8.05.
	 	 Reference to Supplemental Agreements
	  	 	102	  
	
	ARTICLE 9	  
	CONSOLIDATION, MERGER, SALE, CONVEYANCE, TRANSFER OR DISPOSITION	  
			
	 Section 9.01.
	 	 Covenant Not To Consolidate, Merge, Sell, Convey, Transfer or Dispose Property except under Certain Conditions
	  	 	102	  
	 Section 9.02.
	 	 Rights and Duties of Successor Corporation
	  	 	103	  
	 Section 9.03.
	 	 Opinion of Counsel Given to Purchase Contract Agent
	  	 	104	  
	
	ARTICLE 10	  
	COVENANTS	  
			
	 Section 10.01.
	 	 Performance under Purchase Contracts
	  	 	104	  
	 Section 10.02.
	 	 Maintenance of Office or Agency
	  	 	104	  
	 Section 10.03.
	 	 Company to Reserve Common Stock
	  	 	105	  
	 Section 10.04.
	 	 Covenants as to Common Stock; Listing
	  	 	105	  

  
 iii 

							
	 Section 10.05.
	 	 ERISA
	  	 	106	  
	 Section 10.06.
	 	 Tax Treatment
	  	 	106	  
	
	ARTICLE 11	  
	PLEDGE	  
			
	 Section 11.01.
	 	 Pledge
	  	 	106	  
	 Section 11.02.
	 	 Termination
	  	 	106	  
	
	ARTICLE 12	  
	ADMINISTRATION OF COLLATERAL	  
			
	 Section 12.01.
	 	 Initial Deposit of Notes
	  	 	107	  
	 Section 12.02.
	 	 Establishment of Collateral Account
	  	 	107	  
	 Section 12.03.
	 	 Treatment as Financial Assets
	  	 	108	  
	 Section 12.04.
	 	 Sole Control by Collateral Agent
	  	 	108	  
	 Section 12.05.
	 	 Jurisdiction
	  	 	108	  
	 Section 12.06.
	 	 No Other Claims
	  	 	108	  
	 Section 12.07.
	 	 Investment and Release
	  	 	108	  
	 Section 12.08.
	 	 Treasury Securities
	  	 	109	  
	 Section 12.09.
	 	 Statements and Confirmations
	  	 	109	  
	 Section 12.10.
	 	 Tax Allocations
	  	 	109	  
	 Section 12.11.
	 	 No Other Agreements
	  	 	109	  
	 Section 12.12.
	 	 Powers Coupled with an Interest
	  	 	109	  
	 Section 12.13.
	 	 Waiver of Lien Waiver of Set-off
	  	 	109	  
	
	ARTICLE 13	  
	RIGHTS AND REMEDIES OF THE COLLATERAL AGENT	  
			
	 Section 13.01.
	 	 Rights and Remedies of the Collateral Agent
	  	 	110	  
	
	ARTICLE 14	  
	REPRESENTATIONS AND WARRANTIES TO COLLATERAL AGENT; HOLDER COVENANTS	  
			
	 Section 14.01.
	 	 Representations And Warranties
	  	 	111	  
	 Section 14.02.
	 	 Covenants
	  	 	112	  
	
	ARTICLE 15	  
	THE COLLATERAL AGENT, THE CUSTODIAL AGENT AND THE SECURITIES
INTERMEDIARY	  
			
	 Section 15.01.
	 	 Appointment, Powers and Immunities
	  	 	112	  
	 Section 15.02.
	 	 Instructions of the Company
	  	 	114	  
	 Section 15.03.
	 	 Reliance by Collateral Agent, Custodial Agent and Securities Intermediary
	  	 	115	  

  
 iv 

							
	 Section 15.04.
	 	 Certain Rights
	  	 	115	  
	 Section 15.05.
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	116	  
	 Section 15.06.
	 	 Rights in Other Capacities
	  	 	116	  
	 Section 15.07.
	 	 Non-reliance on the Collateral Agent, Custodial Agent and Securities Intermediary
	  	 	117	  
	 Section 15.08.
	 	 Compensation And Indemnity
	  	 	117	  
	 Section 15.09.
	 	 Failure to Act
	  	 	118	  
	 Section 15.10.
	 	 Resignation of Collateral Agent, the Custodial Agent and the Securities Intermediary
	  	 	119	  
	 Section 15.11.
	 	 Right to Appoint Agent or Advisor
	  	 	120	  
	 Section 15.12.
	 	 Survival
	  	 	120	  
	 Section 15.13.
	 	 Exculpation
	  	 	120	  
	 Section 15.14.
	 	 Expenses, Etc
	  	 	121	  
	
	ARTICLE 16	  
	TRUST INDENTURE ACT	  
			
	 Section 16.01.
	 	 Trust Indenture Act; Application
	  	 	121	  
	 Section 16.02.
	 	 Company to Furnish Purchase Contract Agent Names and Addresses of Holders
	  	 	122	  
	 Section 16.03.
	 	 Preservation of Information; Communications to Holders
	  	 	122	  
	 Section 16.04.
	 	 Reports by Purchase Contract Agent
	  	 	122	  
	 Section 16.05.
	 	 Reports by Company
	  	 	123	  
	 Section 16.06.
	 	 Evidence of Compliance with Conditions Precedent
	  	 	123	  
	 Section 16.07.
	 	 Defaults, Waiver
	  	 	123	  
	 Section 16.08.
	 	 Purchase Contract Agent’s Knowledge of Defaults
	  	 	124	  
	 Section 16.09.
	 	 Direction of Purchase Contract Agent
	  	 	124	  
	
	ARTICLE 17	  
	MISCELLANEOUS	  
			
	 Section 17.01.
	 	 Security Interest Absolute
	  	 	124	  
	 Section 17.02.
	 	 Notice of Termination Event
	  	 	125	  

  
 v 

			
	 Exhibit A —
	 	 Form of Corporate Units Certificate

		
	 Exhibit B —
	 	 Form of Treasury Units Certificate

		
	 Exhibit C —
	 	 Form of Cash Settled Units Certificate

		
	 Exhibit D —
	 	 Instruction to Purchase Contract Agent from Holder (To Create Treasury Units or Corporate Units)

		
	 Exhibit E —
	 	 Instruction to Purchase Contract Agent from Holder (To Create Cash Settled Units)

		
	 Exhibit F —
	 	 Notice from Purchase Contract Agent to Holders upon Termination Event

		
	 Exhibit G —
	 	 Instruction from Purchase Contract Agent to Collateral Agent (Creation of Treasury Units)

		
	 Exhibit H —
	 	 Instruction from Collateral Agent to Securities Intermediary (Creation of Treasury Units)

		
	 Exhibit I —
	 	 Instruction from Purchase Contract Agent to Collateral Agent (Creation of Cash Settled Units)

		
	 Exhibit J —
	 	 Instruction from Collateral Agent to Securities Intermediary (Creation of Cash Settled Units)

		
	 Exhibit K —
	 	 Instruction from Purchase Contract Agent to Collateral Agent (Recreation of Corporate Units)

		
	 Exhibit L —
	 	 Instruction from Collateral Agent to Securities Intermediary (Recreation of Corporate Units)

		
	 Exhibit M —
	 	 Instruction from Holder of Separate Notes to Custodial Agent Regarding Remarketing

		
	 Exhibit N —
	 	 Instruction from Holder of Separate Notes to Custodial Agent Regarding Withdrawal from Remarketing

		
	 Exhibit O —
	 	 Notification from Purchase Contract Agent to Collateral Agent Regarding Fundamental Change Early Settlement

  
 vi 

 PURCHASE CONTRACT AND PLEDGE AGREEMENT, dated as of December 3, 2013 among Stanley
Black & Decker, Inc., a Connecticut corporation (the “Company”), The Bank of New York Mellon Trust Company, National Association, a national banking association, not individually, but acting solely as purchase contract
agent for, and as attorney-in-fact of, the Holders from time to time of the Units (in such capacities, together with its successors and assigns in such capacities, the “Purchase Contract Agent”), and HSBC Bank USA, National
Association, a national banking association, as collateral agent hereunder for the benefit of the Company (in such capacity, together with its successors in such capacity, the “Collateral Agent”), as custodial agent (in such
capacity, together with its successors in such capacity, the “Custodial Agent”), and as securities intermediary (as defined in Section 8-102(a)(14) of the UCC) with respect to the Collateral Account (in such capacity, together
with its successors in such capacity, the “Securities Intermediary”). 
 RECITALS 

WHEREAS, the Company has duly authorized the execution and delivery of this Agreement and the Certificates evidencing the Units; 

WHEREAS, all things necessary to make the Purchase Contracts, when the Certificates are executed by the Company and authenticated, executed on
behalf of the Holders and delivered by the Purchase Contract Agent, as provided in this Agreement, the valid obligations of the Company and the Holders, and to constitute these presents a valid agreement of the Company, in accordance with its terms,
have been done; 
 WHEREAS, pursuant to the terms of this Agreement and the Purchase Contracts, the Holders of the Units have irrevocably
authorized the Purchase Contract Agent, as attorney-in-fact of such Holders, among other things, to execute and deliver this Agreement on behalf of such Holders and to grant the Pledge provided herein of the Collateral to secure the Obligations.

 NOW, THEREFORE, the parties hereto agree as follows: 

ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION 
 Section 1.01. Definitions. For all purposes of this Agreement, except as otherwise expressly
provided or unless the context otherwise requires: 
 (a) the terms defined in this Article 1 have the meanings assigned to them in this
Article 1 and include the plural as well as the singular, and nouns and pronouns of the masculine gender include the feminine and neuter genders; 

 (b) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles in the United States (“GAAP”); 
 (c) the words
“herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section, Exhibit or other subdivision; 

(d) the following terms, which are defined in the UCC, shall have the meanings set forth therein: “certificated security,”
“control,” “financial asset,” “entitlement order,” “securities account” and “security entitlement”; and 

(e) the following terms have the meanings given to them in this Section 1.01(e): 

“Act” has the meaning, with respect to any Holder, set forth in Section 1.04. 

“Affiliate” has the same meaning as given to that term in Rule 405 of the Securities Act, or any successor rule thereunder.

 “Agreement” means this instrument as originally executed or as it may from time to time be supplemented or amended by
one or more agreements supplemental hereto entered into pursuant to the applicable provisions hereof. 
 “Applicable Law”
has the meaning set forth in Section 7.14(d). 
 “Applicable Market Value” means the average of the Daily VWAPs of the
Common Stock during the Market Value Averaging Period, subject to Section 5.12. 
 “Applicable Ownership Interest in
Notes” means a 1/10, or a 10%, undivided beneficial ownership interest in $1,000 principal amount of Notes that is a component of a Corporate Unit. 

“Applicable Ownership Interest in the Treasury Portfolio” means, with respect to a Corporate Unit and the Treasury Portfolio,

 (i) a 1/10, or a 10%, undivided beneficial ownership interest in $1,000 face amount of U.S. Treasury securities (or
principal or interest strips thereof) included in the Treasury Portfolio that matures on or prior to the Purchase Contract Settlement Date; and 

(ii) a 0.05625% undivided beneficial ownership interest in the interest or principal strips of U.S. Treasury securities that
mature on or prior to November 17, 2016 (without giving effect to any reset of the 

  
 2 

 
interest rate following a Successful Remarketing, and including payments of Deferred Interest (including compounded interest thereon) due on such date. 

“Applicable Remarketing Period” means any of (i) any Optional Remarketing Period specified by the Company pursuant to
Section 5.02(a) or the Final Remarketing Period, as the context requires. 
 “Applicants” has the meaning set forth in
Section 7.12(b). 
 “Authorized Officer” means the Company’s Chief Executive Officer, its President or one of its
Vice Presidents or its Treasurer or one of its Assistant Treasurers, or any other officer or agent of the Company duly authorized by the Board of Directors to act in respect of this Agreement. 

“Bankruptcy Code” means Title 11 of the United States Code, or any other law of the United States that from time to time
provides a uniform system of bankruptcy laws. 
 “Beneficial Owner” means, with respect to a Book-Entry Interest, a Person
who is the beneficial owner of such Book-Entry Interest as reflected on the books of the Depositary or on the books of a Person maintaining an account with such Depositary (directly as a Depositary Participant or as an indirect participant, in each
case in accordance with the rules of such Depositary). 
 “Blackout Period” means, the period (i) if the Company has
elected an Optional Remarketing, from the close of business on the second Business Day immediately preceding the first day of the Optional Remarketing Period to and including the Remarketing Settlement Date of such Optional Remarketing Period or the
date the Company announces that no Successful Optional Remarketing has occurred during such Optional Remarketing Period, (ii) following any Successful Remarketing and (iii) after the close of business on the second Business Day immediately
preceding the first day of the Final Remarketing Period. 
 “Board of Directors” means the board of directors of the
Company or a duly authorized committee of that board. 
 “Board Resolution” means one or more resolutions of the Board of
Directors, a copy of which has been certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification and delivered to the
Purchase Contract Agent. 
 “Book-Entry Interest” means a beneficial interest in a Global Certificate, registered in the
name of a Depositary or a nominee thereof, ownership and transfers of which shall be maintained and made through book entries by such Depositary as described in Section 3.06. 

  
 3 

 “Business Day” means any day other than a Saturday or Sunday or any other day on
which banking institutions and trust companies in New York City, New York are authorized or required by law or executive order to remain closed. 

“Cash” means any coin or currency of the United States as at the time shall be legal tender for payment of public and private
debts. 
 “Cash Settled Unit” means, following the substitution of Cash for Pledged Applicable Ownership Interests in Notes
as collateral to secure a Holder’s obligations under the Purchase Contract, the collective rights and obligations of a Holder of a Cash Settled Units Certificate in respect of such Cash, subject to the Pledge thereof, and the related Purchase
Contract. 
 “Cash Settled Units Certificate” means a certificate evidencing the rights and obligations of a Holder in
respect of the number of Cash Settled Units specified on such certificate. 
 “Certificate” means a Corporate Units
Certificate, a Treasury Units Certificate or a Cash Settled Units Certificate, as the case may be. 
 “close of business”
means after 5:00 p.m., New York City time. 
 “Closing Price” per share of Common Stock means, on any date of
determination, the closing sale price (or if no closing sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) on that date as reported in
composite transactions for the principal U.S. national or regional securities exchange on which the Common Stock is listed. If the Common Stock is not listed for trading on a U.S. national or regional securities exchange on the relevant date, the
“Closing Price” shall be the last quoted bid price for the Common Stock in the over-the-counter market on the relevant date as reported by OTC Markets Group Inc. or similar organization. If the Common Stock is not so quoted, the
“Closing Price” shall be the average of the mid-point of the last bid and ask prices for the Common Stock on the relevant date from each of at least three nationally recognized independent investment banking firms selected by the Company
for this purpose. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Collateral” means the collective reference to: 

(i) the Collateral Account and all investment property and other financial assets from time to time credited to the Collateral Account and all
security 

  
 4 

 
entitlements with respect thereto, including, without limitation, (A) the Applicable Ownership Interests in Notes and security entitlements relating thereto (and the Notes and security
entitlements relating thereto delivered to the Collateral Agent in respect of such Applicable Ownership Interests in Notes), (B) the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of
Applicable Ownership Interest in the Treasury Portfolio) of the Holders with respect to the Treasury Portfolio that is a component of the Corporate Units from time to time) and security entitlements relating thereto, (C) any Treasury Securities
Transferred to the Securities Intermediary from time to time in connection with the creation of Treasury Units in accordance with Section 3.13 hereof and (D) any Cash Transferred to the Securities Intermediary from time to time in
connection with the creation of Cash Settled Units in accordance with Section 3.14 hereof; 
 (ii) all Proceeds of any of the foregoing
(whether such Proceeds arise before or after the commencement of any proceeding under any applicable bankruptcy, insolvency or other similar law, by or against the pledgor or with respect to the pledgor); and 

(iii) all powers and rights now owned or hereafter acquired under or with respect to the Collateral. 

“Collateral Account” means the securities account of HSBC Bank USA, National Association, as Collateral Agent, maintained on
the books of the Securities Intermediary and designated “HSBC Bank USA, National Association, as Collateral Agent of Stanley Black & Decker, Inc., as pledgee of The Bank of New York Mellon Trust Company, National Association, as the
Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders”. 
 “Collateral Agent” means the Person
named as “Collateral Agent” in the first paragraph of this Agreement until a successor Collateral Agent shall have become such pursuant to this Agreement, and thereafter “Collateral Agent” shall mean the Person who is then
the Collateral Agent hereunder. 
 “collateral event of default” has the meaning set forth in Section 13.01(b). 

“Collateral Substitution” means (i) with respect to the Corporate Units, the substitution of the Pledged Applicable
Ownership Interests in Notes included in such Corporate Units with a Treasury Security or (ii) with respect to the Treasury Units, the substitution of the Treasury Security with Notes in an aggregate principal amount equal to the Stated Amount
multiplied by the number of Treasury Units for which Collateral Substitution is being effected. 

  
 5 

 “Common Stock” means the common stock, $2.50 par value, of the Company. 

“Company” means the Person named as the “Company” in the first paragraph of this Agreement until a successor
shall have become such pursuant to the applicable provisions of this Agreement, and thereafter “Company” shall mean such successor. 

“Compounded Contract Adjustment Payments” has the meaning set forth in Section 5.10(a). 

“Constituent Person” has the meaning set forth in Section 5.12. 

“Contract Adjustment Payments” means the payments payable by the Company on the Payment Dates in respect of each Purchase
Contract, at a rate per year of 4.00% of the Stated Amount per Purchase Contract. 
 “Common Stock” means the common stock,
par value $2.50 per share, of the Company. 
 “Corporate Trust Office” means the office of the Purchase Contract Agent at
which, at any particular time, its corporate trust business shall be principally administered in Chicago, Illinois, which office at the date hereof is located at 2 North LaSalle Street, Suite 1020, Chicago, Illinois 60602, Attention: Global
Corporate Trust, or such other address as the Purchase Contract Agent may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Purchase Contract Agent (or such other address
as such successor Purchase Contract Agent may designate from time to time by notice to the Holders, the Company, the Collateral Agent, the Custodial Agent and the Securities Intermediary); provided, however, that for purposes of payments,
transfers, exchanges, presentment or surrender of Certificates, the Corporate Trust Office shall be located at the agency office of the Purchase Contract Agent at 101 Barclay Street, 8W, New York, New York 10286, Attention: Corporate Trust Division
- Corporate Finance Unit, or such other address as the Purchase Contract Agent may designate from time to time by notice to the Company, or the principal corporate trust office of any successor Purchase Contract Agent (or such other address as such
successor Purchase Contract Agent may designate from time to time by notice to the Company). 
 “Corporate Unit” means the
collective rights and obligations of a Holder of a Corporate Units Certificate in respect of the Applicable Ownership Interest in Notes or the Applicable Ownership Interest in the Treasury Portfolio, as the case may be, subject in each case (except
that the Applicable Ownership Interest in the Treasury Portfolio as specified in clause (ii) of the definition thereof shall not be subject to the Pledge) to the Pledge thereof, and the related Purchase Contract. 

  
 6 

 “Corporate Units Certificate” means a certificate evidencing the rights and
obligations of a Holder in respect of the number of Corporate Units specified on such certificate. 
 “Custodial Agent”
means the Person named as Custodial Agent in the first paragraph of this Agreement until a successor Custodial Agent shall have become such pursuant to the applicable provisions of this Agreement, and thereafter “Custodial Agent”
shall mean the Person who is then the Custodial Agent hereunder. 
 “Daily VWAP” means, in respect of Common Stock, for
each relevant Trading Day in the Market Value Averaging Period, the per share volume weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page “SWK <Equity> AQR” (or its equivalent successor
if such page is not available) in respect of the period from the scheduled open of trading on the relevant Trading Day until the scheduled close of trading on the relevant Trading Day (or if such VWAP is unavailable, the market price of one share of
Common Stock on such Trading Day determined, using a volume-weighted average method, by a nationally recognized independent investment banking firm retained for this purpose by the Company). 

“Deferred Interest” has the meaning set forth in the Supplemental Indenture. 

“Depositary” means a clearing agency registered under Section 17A of the Exchange Act that is designated to act as
Depositary for the Units as contemplated by Sections 3.06 and 3.08. 
 “Depositary Participant” means a broker, dealer,
bank, other financial institution or other Person for whom from time to time the Depositary effects book entry transfers and pledges of securities deposited with the Depositary. 

“DTC” means The Depository Trust Company. 

“Early Settlement” has the meaning set forth in Section 5.06(a). 

“Early Settlement Amount” has the meaning set forth in Section 5.06(b). 

“Early Settlement Date” has the meaning set forth in Section 5.06(b). 

“Effective Date” has the meaning specified in Section 5.04(b). 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

  
 7 

 “Ex-Dividend Date” when used with respect to any issuance or distribution on the
Common Stock or any other security, means the first date on which the Common Stock or such other security, as applicable, trades, regular way, on the principal U.S. securities exchange or quotation system on which the Common Stock or such other
security, as applicable, is listed or quoted at that time, without the right to receive the issuance or distribution. 
 “Exchange
Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to time, and the rules and regulations promulgated thereunder. 

“Exchange Property Unit” has the meaning set forth in Section 5.12. 

“Expiration Date” has the meaning set forth in Section 1.04(e). 

“Extension Period” has the meaning set forth in Section 5.10(a). 

“Final Remarketing” means any Remarketing of the Notes that occurs during the Final Remarketing Period by the Remarketing
Agent(s) pursuant to the Remarketing Agreement. 
 “Final Remarketing Period” means the five Business Day period ending on,
and including, the third Business Day immediately preceding the Purchase Contract Settlement Date. 
 “Fixed Settlement
Rates” means the Minimum Settlement Rate and the Maximum Settlement Rate, collectively. 
 “Fundamental Change”
means the occurrence after the Units are originally issued of: 
 (i) any transaction or event (whether by means of a share exchange or
tender offer applicable to the Common Stock, a liquidation, consolidation, recapitalization, reclassification, combination or merger of the Company or a sale, lease or other transfer of all or substantially all of the Company’s consolidated
assets) or a series of related transactions or events pursuant to which 50% or more of the Company’s outstanding Common Stock is exchanged for, converted into or constitutes solely the right to receive Cash, securities or other property, more
than 10% of which consists of Cash, securities or other property that is not, or will not be upon consummation of such transaction, listed on a United States national or regional securities exchange for a period of 30 or more consecutive Trading
Days; or 
 (ii) the Common Stock ceases to be listed or quoted on a United States national or regional securities exchange for 30 or more
consecutive Trading Days. 

  
 8 

 “Fundamental Change Early Settlement” has the meaning set forth in
Section 5.04(a). 
 “Fundamental Change Early Settlement Date” has the meaning set forth in Section 5.04(a). 

“Fundamental Change Early Settlement Right” has the meaning set forth in Section 5.04(a). 

“GAAP” has the meaning set forth in Section 1.01(b). 

“Global Certificate” means a Certificate that evidences all or part of the Units and is registered in the name of the
Depositary or a nominee thereof. 
 “Holder” means, with respect to a Unit, the Person in whose name the Unit evidenced by
a Certificate is registered in the Security Register. 
 “Indebtedness” means indebtedness of any kind of the Company
unless the instrument under which such indebtedness is incurred expressly provides that it is on a parity in right of payment with or subordinate in right of payment to the Contract Adjustment Payments. 

“Indemnitees” has the meaning set forth in Section 7.07(c). 

“Indenture” means the Indenture, dated as of November 22, 2005, between the Company and the Indenture Trustee (including
any provisions of the TIA that are deemed incorporated therein), as amended and supplemented from time to time, including by the Supplemental Indenture pursuant to which the Notes will be issued. 

“Indenture Trustee” means HSBC Bank USA, National Association as trustee under the Indenture, or any successor thereto as
described in the Indenture. 
 “Interest Rate” has the meaning set forth in the Supplemental Indenture. 

“Issuer Order” or “Issuer Request” means a written order or request signed in the name of the Company by an
Authorized Officer and delivered to the Purchase Contract Agent. 
 “Losses” has the meaning set forth in
Section 15.08(b). 
 “Make-Whole Shares” has the meaning set forth in Section 5.04(a). 

“Market Disruption Event” means (i) a failure by the primary U.S. national or regional securities exchange or market on
which the common Stock is listed or admitted for trading to open for trading during its regular trading session 

  
 9 

 
or (ii) the occurrence or existence prior to 1:00 p.m., New York City time, on any Scheduled Trading Day for the Common Stock for more than one half-hour period in the aggregate during
regular trading hours of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the relevant stock exchange or otherwise) in the Common Stock or in any options contracts or futures contracts
relating to the Common Stock. 
 “Market Value Averaging Period” means the 20 consecutive Trading Day period beginning on,
and including, the 22nd Scheduled Trading Day immediately preceding the Purchase Contract Settlement Date. 
 “Maximum Settlement
Rate” has the meaning set forth in Section 5.01(a). 
 “Minimum Settlement Rate” has the meaning set forth in
Section 5.01(a). 
 “Notes” means the series of 2.25% junior subordinated notes designated as the Notes of the Company
issued pursuant to the Supplemental Indenture. 
 “NYSE” means The New York Stock Exchange and its successors. 

“Obligations” means, with respect to each Holder, all obligations and liabilities of such Holder under such Holder’s
Purchase Contract and this Agreement or any other document made, delivered or given in connection herewith or therewith, in each case whether on account of principal, interest (including, without limitation, interest accruing before and after the
filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Holder, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), fees,
indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Company or the Collateral Agent or the Securities Intermediary that are required to be paid by the Holder pursuant to the terms of
any of the foregoing agreements). 
 “Officer’s Certificate” means a certificate signed by the Authorized Officer and
delivered to the Purchase Contract Agent. Any Officer’s Certificate delivered with respect to compliance with a condition or covenant provided for in this Agreement shall include the information set forth in the second paragraph of
Section 1.02 hereof. 
 “open of business” means 9:00 a.m., New York City time. 

“Opinion of Counsel” means a written opinion of counsel, who may be counsel to the Company (and who may be an employee of the
Company), and who shall be reasonably acceptable to the Purchase Contract Agent. An opinion of counsel may rely on certificates as to matters of fact. 

  
 10 

 “Optional Remarketing” means any Remarketing of the Notes that occurs during an
Optional Remarketing Period by the Remarketing Agent(s) pursuant to the Remarketing Agreement. 
 “Optional Remarketing
Date” means the date the Notes offered in an Optional Remarketing are priced by the Remarketing Agent(s). 
 “Optional
Remarketing Period” has the meaning specified in Section 5.02(a). 
 “Optional Remarketing Settlement Date”
means the third Business Day following the Optional Remarketing Date, or such other date the Company and the Remarketing Agent agree to. 

“Optional Remarketing Window” means the period from and including August 12, 2016 ending on and including
October 26, 2016. 
 “Outstanding” means, as of any date of determination, all Units evidenced by Certificates
theretofore authenticated, executed and delivered under this Agreement, except: 
 (i) all Units, if a Termination Event has occurred; 

(ii) Units evidenced by Certificates theretofore cancelled by the Purchase Contract Agent or delivered to the Purchase Contract Agent for
cancellation or deemed cancelled pursuant to the provisions of this Agreement; and 
 (iii) Units evidenced by Certificates in exchange for
or in lieu of which other Certificates have been authenticated, executed on behalf of the Holder and delivered pursuant to this Agreement, other than any such Certificate in respect of which there shall have been presented to the Purchase Contract
Agent proof satisfactory to it that such Certificate is held by a protected purchaser in whose hands the Units evidenced by such Certificate are valid obligations of the Company; 

provided, however, that in determining whether the Holders of the requisite number of the Units have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, Units owned by the Company or any Affiliate of the Company shall be disregarded and deemed not to be Outstanding Units, except that, in determining whether the Purchase Contract Agent shall be
authorized and protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Units that a Responsible Officer of the Purchase Contract Agent actually knows to be so owned shall be so disregarded.

  
 11 

 
Units so owned that have been pledged in good faith may be regarded as Outstanding Units if the pledgee establishes to the satisfaction of the Purchase Contract Agent the pledgee’s right so
to act with respect to such Units and that the pledgee is not the Company or any Affiliate of the Company. 
 “Payment
Date” means February 17, May 17, August 17 and November 17 of each year, commencing February 17, 2014. 

“Permitted Investments” means any one of the following, but, except for clause (4) below, in any case each investment
shall not exceed 5% of the total debt outstanding of any single issuer: 
 (1) any evidence of indebtedness with an original maturity of 365
days or less issued, or directly and fully guaranteed or insured, by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support of the
timely payment thereof or such indebtedness constitutes a general obligation of it); 
 (2) time deposits or certificates of deposit with an
original maturity of 365 days or less of any institution which is a member of the Federal Reserve System having combined capital and surplus and undivided profits of not less than $500 million at the time of deposit and having a rating at the time
of deposit at least equal to “A-1” by Standard & Poor’s Ratings Services (“S&P”) and at least equal to “P-1” by Moody’s Investors Service, Inc.
(“Moody’s”) (and which may include the institution acting as the Collateral Agent); 
 (3) investments in commercial
paper, other than commercial paper issued by the Company or its Affiliates, of any corporation incorporated under the laws of the United States or any State thereof, which commercial paper has a rating at the time of purchase at least equal to
“A-1” by S&P or at least equal to “P-1” by Moody’s; and 
 (4) investments in money market funds (including,
but not limited to, money market funds managed by the institution acting as the Collateral Agent or an affiliate of the institution acting as the Collateral Agent) registered under the Investment Company Act of 1940, as amended, rated in the highest
applicable rating category by S&P or Moody’s. 
 “Person” means a legal person, including any individual,
corporation, estate, partnership, joint venture, association, joint-stock company, limited liability company, trust, unincorporated organization or government or any agency or political subdivision thereof or any other entity of whatever nature.

  
 12 

 “Plan” means an employee benefit plan that is subject to ERISA, a plan or
individual retirement account that is subject to Section 4975 of the Code or any entity whose assets are considered assets of any such plan. 

“Pledge” means the lien and security interest in the Collateral created by this Agreement. 

“Pledge Indemnitees” has the meaning set forth in Section 15.08(b). 

“Pledged Applicable Ownership Interests in Notes” means the Applicable Ownership Interests in Notes and security entitlements
with respect thereto from time to time credited to the Collateral Account and not then released from the Pledge. 
 “Pledged
Applicable Ownership Interests in the Treasury Portfolio” means the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of such term) and security entitlements with respect thereto
from time to time credited to the Collateral Account and not then released from the Pledge. 
 “Pledged Cash” means the
Cash credited to the Collateral Account and not then released from the Pledge. 
 “Predecessor Corporate Units Certificate”
of any particular Corporate Units Certificate means every previous Corporate Units Certificate evidencing all or a portion of the rights and obligations of the Company and the Holder under the Corporate Units evidenced thereby; and, for the purposes
of this definition, any Corporate Units Certificate authenticated and delivered under Section 3.10 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Corporate Units Certificate shall be deemed to evidence the same rights and
obligations of the Company and the Holder as the mutilated, destroyed, lost or stolen Corporate Units Certificate. 
 “Predecessor
Treasury Units Certificate” of any particular Treasury Units Certificate means every previous Treasury Units Certificate evidencing all or a portion of the rights and obligations of the Company and the Holder under the Treasury Units
evidenced thereby; and, for the purposes of this definition, any Treasury Units Certificate authenticated and delivered under Section 3.10 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Treasury Units Certificate shall be
deemed to evidence the same rights and obligations of the Company and the Holder as the mutilated, destroyed, lost or stolen Treasury Units Certificate. 

“Primary Treasury Dealer” means a primary U.S. government securities dealer. 

  
 13 

 “Pro Rata” or “pro-rata” shall mean pro rata to each Holder
according to the aggregate Stated Amount of the Units held by such Holder in relation to the aggregate Stated Amount of all Units outstanding, as determined by the Purchase Contract Agent. 

“Pro Rata Portion” of each Treasury Unit on any date means a fraction, expressed as a percentage rounded to the nearest
one-thousandth of a percent, the numerator of which is one and the denominator of which is the total number of Treasury Units outstanding on such date. 

“Proceeds” has the meaning ascribed thereto in the UCC and includes, without limitation, all interest, dividends, Cash,
instruments, securities, financial assets and other property received, receivable or otherwise distributed upon the sale (including, without limitation, any Remarketing), exchange, collection, maturity or disposition of any financial assets from
time to time credited to the Collateral Account. 
 “Prospectus” means the prospectus relating to the delivery of shares or
any securities in connection with an Early Settlement pursuant to Section 5.06 or a Fundamental Change Early Settlement of Purchase Contracts pursuant to Section 5.04, in the form in which first filed, or transmitted for filing, with the
Securities and Exchange Commission after the effective date of the Registration Statement pursuant to Rule 424(b) under the Securities Act, including the documents incorporated by reference therein as of the date of such Prospectus. 

“Purchase Contract” means, with respect to any Unit, the contract forming a part of such Unit and obligating the Company to
(i) sell, and the Holder of such Unit to purchase, shares of Common Stock and (ii) pay the Holder thereof Contract Adjustment Payments, subject to the Company’s right to defer Contract Adjustment Payments pursuant to
Section 5.10, in each case on the terms and subject to the conditions set forth in Article 5 hereof. 
 “Purchase Contract
Agent” means the Person named as the “Purchase Contract Agent” in the first paragraph of this Agreement until a successor Purchase Contract Agent shall have become such pursuant to the applicable provisions of this Agreement, and
thereafter “Purchase Contract Agent” shall mean such Person or any subsequent successor who is appointed pursuant to this Agreement. 

“Purchase Contract Settlement Date” means November 17, 2016. 

“Purchase Price” has the meaning set forth in Section 5.01(a). 

“Put Right” has the meaning set forth in the Supplemental Indenture. 

  
 14 

 “Quotation Agent” means any Primary Treasury Dealer selected by the Company.

 “Record Date” for any distribution and any Contract Adjustment Payment payable on any Payment Date means the first day
of the calendar month in which the relevant Payment Date falls (whether or not a Business Day) or if the Units are held in global book-entry form, the “Record Date” means the Business Day immediately preceding the applicable Payment Date;
provided that for purposes of Section 5.11, “Record Date” means, with respect to any dividend, distribution or other transaction or event in which the holders of Common Stock (or other applicable security) have the right to
receive any cash, securities or other property or in which the Common Stock (or such other security) is exchanged for or converted into any combination of cash, securities or other property, the date fixed for determination of holders of the Common
Stock (or such other security) entitled to receive such cash, securities or other property (whether such date is fixed by the Board of Directors, by statute, by contract or otherwise). 

“Reference Dividend” has the meaning set forth in Section 5.11(d). 

“Reference Price” has the meaning set forth in Section 5.01(a). 

“Registration Statement” means a registration statement under the Securities Act prepared by the Company covering, inter
alia, the delivery by the Company of any securities in connection with an Early Settlement on the Early Settlement Date or a Fundamental Change Early Settlement on the Fundamental Change Early Settlement Date under Section 5.04(a), including
all exhibits thereto and the documents incorporated by reference in the prospectus contained in such registration statement, and any post-effective amendments thereto. 

“Remarketing” will have the meaning set forth in the Remarketing Agreement. 

“Remarketing Agent(s)” has the meaning set forth in the Supplemental Indenture. 

“Remarketing Agreement” means a Remarketing Agreement to be entered into between the Company and one or more Remarketing
Agents setting forth the terms of a Remarketing. 
 “Remarketing Date” means the date the Notes offered in an Optional
Remarketing Period or the Final Remarketing Period are priced by the Remarketing Agent(s). 
 “Remarketing Fee” means, in
the event of a Successful Remarketing, a remarketing fee paid to the Remarketing Agent(s) to be agreed upon in writing by the Company and the Remarketing Agent(s) prior to any Remarketing pursuant to the Remarketing Agreement. 

  
 15 

 “Remarketing Price Per Note” means, for each $1,000 principal amount of Notes,
an amount in Cash equal to the quotient of the Treasury Portfolio Purchase Price divided by the number of $1,000 principal amount of Notes underlying the Pledged Applicable Ownership Interests in Notes that are held as components of Corporate
Units and remarketed in an Optional Remarketing. 
 “Remarketing Price” means (i) in the case of an Optional
Remarketing, 100% of the sum of the Treasury Portfolio Purchase Price and the Separate Notes Purchase Price (if any) and (ii) in the case of the Final Remarketing, 100% of the aggregate principal amount of Notes underlying the Pledged
Applicable Ownership Interests in Notes and Separate Notes to be remarketed. 
 “Remarketing Settlement Date” means
(i) in the case of a Successful Optional Remarketing occurring during an Optional Remarketing Period, the third Business day immediately following the Optional Remarketing Date for such Successful Optional Remarketing and (ii) in the case
of the Final Remarketing, the Purchase Contract Settlement Date, in each case, or such other date as the Company and the Remarketing Agent agree to. 

“Reorganization Event” has the meaning specified in Section 5.12 

“Reset Rate” means, in connection with each Remarketing, the rate per annum rounded to the nearest one thousandth (0.001) of
one percent that the Notes shall bear as determined by the Remarketing Agent(s) in consultation with the Company pursuant to the Remarketing Agreement. 

“Responsible Officer” means, when used with respect to the Purchase Contract Agent, any officer of the Purchase Contract
Agent assigned to the Global Corporate Trust Division or the Corporate Trust Division - Corporate Finance Unit (or any successor division or unit), as applicable, of the Purchase Contract Agent located at the Corporate Trust Office of the Purchase
Contract Agent, who shall have direct responsibility for the administration of this Indenture, and for the purposes of Section 7.01(b)(ii) and the proviso of Section 7.02 shall also include any other officer of the Purchase Contract Agent
to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 

“Scheduled Trading Day” means any day that is scheduled to be a Trading Day. 

  
 16 

 “Securities Act” means the Securities Act of 1933 and any statute successor
thereto, in each case as amended from time to time, and the rules and regulations promulgated thereunder. 
 “Securities
Intermediary” means the Person named as Securities Intermediary in the first paragraph of this Agreement until a successor Securities Intermediary shall have become such pursuant to the applicable provisions of this Agreement, and
thereafter “Securities Intermediary” shall mean such successor or any subsequent successor. 
 “Security
Register” and “Securities Registrar” have the respective meanings set forth in Section 3.05. 

“Senior Indebtedness” has the meaning set forth in the Indenture. 

“Separate Notes” means Notes that have been released from the Pledge following Collateral Substitution and therefore no
longer underlie Corporate Units. 
 “Separate Notes Purchase Price” means, for the Notes remarketed in any Optional
Remarketing, the amount in Cash equal to the product of (i) the Remarketing Price Per Note and (ii) the integral number of $1,000 principal amount Separate Notes remarketed in such Optional Remarketing. 

“Settlement Rate” has the meaning set forth in Section 5.01(a). 

“Spin-Off” has the meaning specified in Section 5.11(c)(2). 

“Stated Amount” means $100. 

“Stock Price” has the meaning specified in Section 5.04(b). 

“Subsidiary” means a corporation more than 50% of the outstanding voting stock of which is owned, directly or indirectly, by
the Company or by one or more other Subsidiaries, or by the Company and one or more Subsidiaries. For the purposes of this definition, “voting stock” means stock which ordinarily has voting power for the election of directors,
whether at all times or only so long as no senior class of stock has such voting power by reason of any contingency. 
 “Successful
Optional Remarketing” has the meaning set forth in Section 5.02(a)(iv). 
 “Successful Final Remarketing” has
the meaning set forth in Section 5.02(b)(v). 

  
 17 

 “Successful Remarketing” means, as applicable, a Successful Optional Remarketing
or a Successful Final Remarketing. 
 “Supplemental Indenture” means the Fourth Supplemental Indenture dated as of the date
hereof between the Company and the Indenture Trustee pursuant to which the Notes are issued. 
 “Termination Date” means
the date, if any, on which a Termination Event occurs. 
 “Termination Event” means the occurrence of any of the following
events: 
 (i) at any time on or prior to the Purchase Contract Settlement Date, the Company institutes or has instituted against it a
proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition for its winding-up or liquidation, and, in the case of any such
proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order for its winding-up or liquidation or
(B) is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof and if such proceeding, judgment, petition or order shall have been entered more than 60 days prior to the Purchase
Contract Settlement Date, such proceeding, judgment, petition or order shall have continued undischarged and unstayed for a period of 60 days; or 

(ii) at any time on or prior to the Purchase Contract Settlement Date, the Company seeks or becomes subject to the appointment of an
administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets. 

“Threshold Appreciation Price” has the meaning set forth in Section 5.01(a). 

“TIA” means the Trust Indenture Act of 1939 and any statute successor thereto, in each case as amended from time to time, and
the rules and regulations promulgated thereunder. 
 “TRADES” means the Treasury/Reserve Automated Debt Entry System
maintained by the Federal Reserve Bank of New York pursuant to the TRADES Regulations. 
 “TRADES Regulations” means the
regulations of the United States Department of the Treasury, published at 31 C.F.R. Part 357, as amended from time to time. Unless otherwise defined herein, all terms defined in the TRADES Regulations are used herein as therein defined. 

  
 18 

 “Trading Day” means (a) a day (i) on which the NYSE, or , if the
Common Stock is not then listed on the NYSE, the principal exchange or quotation system on which the Common Stock is listed or admitted for trading, is scheduled to open for business and (ii) on which there has not occurred or does not exist a
Market Disruption Event, or (b) if the Common Stock is not so listed or admitted for trading, a “Trading Day” means a Business Day. 

“Transfer” means (i) in the case of certificated securities in registered form, delivery as provided in
Section 8-301(a) of the UCC, indorsed to the transferee or in blank by an effective endorsement; (ii) in the case of Treasury Securities, registration of the transferee as the owner of such Treasury Securities on TRADES; and (iii) in
the case of security entitlements, including, without limitation, security entitlements with respect to Treasury Securities, a securities intermediary indicating by book entry that such security entitlement has been credited to the transferee’s
securities account. 
 “Treasury Portfolio” means: 

(i) U.S. Treasury securities (or principal or interest strips thereof) that mature on or prior to the Purchase Contract Settlement Date in an
aggregate amount at maturity equal to the principal amount of the Notes underlying Applicable Ownership Interests in Notes included in the Corporate Units on the Optional Remarketing Date; and 

(ii) U.S. Treasury securities (or principal or interest strips thereof) that mature on or prior to November 17, 2016 in an aggregate
amount equal to the interest payment that would have been due on November 17, 2016 (without giving effect to any reset of the interest rate following a Successful Remarketing, and including payments of Deferred Interest (including compounded
interest thereon) due on those dates) on the principal amount of the Notes underlying Applicable Ownership Interests in Notes included in the Corporate Units on the Optional Remarketing Date; 

provided that the U.S. Treasury securities (or principal or interest strips thereof) that are to be included in the Treasury Portfolio in connection
with a Successful Optional Remarketing have a yield that is less than zero, the Treasury Portfolio shall consist of an amount in Cash equal to the aggregate principal amount at maturity of the U.S. Treasury securities described above, in which case
references herein to a “U.S. Treasury security” and “U.S. Treasury securities (or principal and interest strips thereof)” in connection with the Treasury Portfolio shall, thereafter, be deemed to be references to such amount of
Cash. 

  
 19 

 “Treasury Portfolio Purchase Price” means the lowest aggregate ask-side price
quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent between 9:00 a.m. and 4:00 p.m., New York City time, on the Optional Remarketing Date for the purchase of the Treasury Portfolio for settlement on the
Optional Remarketing Settlement Date. 
 “Treasury Security” means a zero-coupon U.S. Treasury security with a principal
amount of $1,000 that matures on November 15, 2016 (CUSIP No. 912803AK9). 
 “Treasury Unit” means, following the
substitution of a Treasury Security for Pledged Applicable Ownership Interests in Notes as collateral to secure a Holder’s obligations under the Purchase Contract, the collective rights and obligations of a Holder of a Treasury Units
Certificate in respect of a 1/10 undivided beneficial ownership interest in a Treasury Security, subject to the Pledge thereof, and the related Purchase Contract. 

“Treasury Units Certificate” means a certificate evidencing the rights and obligations of a Holder in respect of the number
of Treasury Units specified on such certificate. 
 “UCC” means the Uniform Commercial Code as in effect in the State of
New York from time to time. 
 “Underwriters” means the underwriters identified in Schedule II to the Underwriting
Agreement. 
 “Underwriting Agreement” means the Underwriting Agreement, dated November 25, 2013, between the Company
and Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as representatives of the Underwriters, relating to the sale of Corporate Units. 

“Unit” means a Corporate Unit, a Cash Settled Unit or a Treasury Unit, as the case may be. 

“Units Prospectus” means the Prospectus Supplement dated November 25, 2013, to the Prospectus dated November 16,
2011, which is a part of the registration statement on Form S-3 (No. 333-178017), filed by the Company with the Securities and Exchange Commission. 

“Unsuccessful Final Remarketing” has the meaning set forth in Section 5.02(b)(vii). 

“Unsuccessful Optional Remarketing” has the meaning set forth in Section 5.02(a)(vi). 

  
 20 

 “Unsuccessful Remarketing” means, as applicable, an Unsuccessful Optional
Remarketing or an Unsuccessful Final Remarketing. 
 “Value” means, with respect to any item of Collateral on any date, as
to (1) Cash, the amount thereof, (2) Treasury Securities, the aggregate principal amount thereof at maturity, (3) Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of
Applicable Ownership Interest in the Treasury Portfolio), the appropriate aggregate percentage of the aggregate principal amount at maturity of the Treasury Portfolio and (4) Applicable Ownership Interests in Notes, the appropriate aggregate
principal amount of the underlying Notes. 
 Section 1.02. Compliance Certificates and Opinions. Except as otherwise expressly
provided by this Agreement, upon any application or request by the Company to the Purchase Contract Agent to take any action in accordance with any provision of this Agreement, the Company shall furnish to the Purchase Contract Agent an
Officer’s Certificate stating that all conditions precedent, if any, provided for in this Agreement relating to the proposed action have been complied with and an Opinion of Counsel stating that, in the opinion of such counsel, all such
conditions precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Agreement relating to such particular
application or request, no additional certificate or opinion need be furnished. 
 Every certificate or opinion with respect to compliance
with a condition or covenant provided for in this Agreement shall include: 
 (a) a statement that each individual signing such certificate
or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (b) a brief statement as to the nature and
scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a
statement that, in the opinion of each such individual, he or she has made such examination or investigation as is necessary to enable such individual to express an informed opinion as to whether or not such covenant or condition has been complied
with; and 
 (d) a statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 

Section 1.03. Form of Documents Delivered to Purchase Contract Agent. In any case where several matters are required to be
certified by, or covered by an 

  
 21 

 
opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only
one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents.
Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should
know, that the certificate or opinion or representations with respect to the matters upon which its certificate or opinion is based are erroneous. Any such certificate or Opinion of Counsel may be based, insofar as it relates to factual matters,
upon a certificate or opinion of, or representations by, an officer or officers of the Company stating that the information with respect to such factual matters is in the possession of the Company, unless such counsel knows, or in the exercise of
reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 
 Where any
Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Agreement, they may, but need not, be consolidated and form one instrument. 

Section 1.04. Acts of Holders; Record Dates. (a) Any request, demand, authorization, direction, notice, consent, waiver or
other action provided by this Agreement to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing; and, except
as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Purchase Contract Agent and, where it is hereby expressly required, to the Company. Such instrument or instruments
(and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of any such instrument or of a writing appointing any
such agent shall be sufficient for any purpose of this Agreement and (subject to Section 7.01) conclusive in favor of the Purchase Contract Agent and the Company, if made in the manner provided in this Section 1.04. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved in any manner that the Purchase Contract
Agent deems sufficient. 
 (c) The ownership of Units shall be proved by the Security Register. 

  
 22 

 (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the
Holder of any Unit shall bind every future Holder of the same Unit and the Holder of every Certificate evidencing such Unit issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done,
omitted or suffered to be done by the Purchase Contract Agent or the Company in reliance thereon, whether or not notation of such action is made upon such Certificate. 

(e) The Company may set any date as a record date for the purpose of determining the Holders of Outstanding Units entitled to give, make or
take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Agreement to be given, made or taken by Holders. If any record date is set pursuant to this paragraph, the Holders of the
Outstanding Corporate Units, the Outstanding Treasury Units and the Outstanding Cash Settled Units, as the case may be, on such record date, and no other Holders, shall be entitled to take the relevant action with respect to the Corporate Units, the
Treasury Units or the Cash Settled Units, as the case may be, whether or not such Holders remain Holders after such record date; provided that no such action shall be effective hereunder unless taken prior to or on the applicable Expiration
Date by Holders of the requisite number of Outstanding Units on such record date. Nothing contained in this paragraph shall be construed to prevent the Company from setting a new record date for any action for which a record date has previously been
set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled and be of no effect), and nothing contained in this paragraph shall be construed to render ineffective any
action taken by Holders of the requisite number of Outstanding Units on the date such action is taken. Promptly after any record date is set pursuant to this paragraph, the Company, at its own expense, shall cause notice of such record date, the
proposed action by Holders and the applicable Expiration Date to be given to the Purchase Contract Agent in writing and to each Holder in the manner set forth in Section 1.06. 

With respect to any record date set pursuant to this Section 1.04(e), the Company may designate any date as the “Expiration
Date” and from time to time may change the Expiration Date to any later day; provided that no such change shall be effective unless notice of the proposed new Expiration Date is given to the Purchase Contract Agent in writing, and to
each Holder in the manner set forth in Section 1.06, prior to or on the existing Expiration Date. If an Expiration Date is not designated with respect to any record date set pursuant to this Section 1.04, the Company shall be deemed to
have initially designated the 180th day after such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be
later than the 180th day after the applicable record date. 

  
 23 

 Section 1.05. Notices. All notices, requests, consents, directions, instructions and
other communications provided for herein (including, without limitation, any modifications of, or waivers or consents under, this Agreement) shall be given or made in writing (including, without limitation, by telecopy) delivered to the intended
recipient at the “Address for Notices” specified below its name on the signature pages hereof or, as to any party, at such other address as shall be designated by such party in a notice to the other parties. Except as otherwise provided in
this Agreement, all such communications shall be deemed to have been duly given when transmitted by telecopier (and in the case of the Purchase Contract Agent, upon the Purchase Contract Agent’s confirmation of receipt in writing or by
telephone) or personally delivered or, in the case of a mailed notice, upon receipt, in each case given or addressed as aforesaid. 
 Each
of the Purchase Contract Agent, Collateral Agent, Custodial Agent and Securities Intermediary shall have the right, but shall not be required, to rely upon and comply with notices, instructions, directions or other communications sent by e-mail,
facsimile and other similar unsecured electronic methods by persons reasonably believed by such entity to be authorized to give instructions and directions on behalf of the Company. Each of the Purchase Contract Agent, Collateral Agent, Custodial
Agent and Securities Intermediary shall have no duty or obligation to verify or confirm that the person who sent such instructions or directions is, in fact, a person authorized to give instructions or directions on behalf of the Company; and each
such entity shall have no liability for any losses, liabilities, costs or expenses incurred or sustained by the Company as a result of such reliance upon or compliance with such notices, instructions, directions or other communications. The Company
agrees to assume all risks arising out of the use of such electronic methods to submit notices, instructions, directions or other communications to the Purchase Contract Agent, Collateral Agent, Custodial Agent and Securities Intermediary, including
without limitation the risk of any such entity acting on unauthorized instructions, and the risk of interception and misuse by third parties. The Company shall use all reasonable endeavors to ensure that any such notices, instructions, directions or
other communications transmitted to the Purchase Contract Agent, Collateral Agent, Custodial Agent or Securities Intermediary pursuant to this Agreement are complete and correct. Any such notices, instructions, directions or other communications
shall be conclusively deemed to be valid instructions from the Company to the Purchase Contract Agent, Collateral Agent, Custodial Agent or Securities Intermediary, as the case may be, for the purposes of this Agreement. 

The Purchase Contract Agent shall send to the Indenture Trustee at the following address a copy of any notices in the form of Exhibits D, E,
F, G, I or K it sends or receives: 
 HSBC Bank USA, National Association, 

452 Fifth Avenue 
 New York, NY
10018 
 Attention: Corporate Trust and Loan Agency 

  
 24 

 Section 1.06. Notice to Holders; Waiver. Where this Agreement provides for notice to
Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to each Holder, at its address as it appears in the Security Register, not later than
the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed to any
particular Holder shall affect the sufficiency of such notice with respect to other Holders. Where this Agreement provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or
after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Purchase Contract Agent, but such filing shall not be a condition precedent to the validity of any action taken in reliance
upon such waiver. 
 In case by reason of the suspension of regular mail service or by reason of any other cause it shall be impracticable
to give such notice by mail, then such notification as shall be made with the approval of the Purchase Contract Agent shall constitute a sufficient notification for every purpose hereunder. 

Notwithstanding the foregoing or any other provision of this Agreement to the contrary, whenever notice is required to be given with respect
to a Unit represented by a Global Certificate, such notice shall be sufficiently given if given to the Depositary for such Global Certificate (or its designee) pursuant to customary procedures of such Depositary. 

Section 1.07. Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for
convenience only and shall not affect the construction hereof. 
 Section 1.08. Successors and Assigns. This Agreement shall be
binding upon and inure to the benefit of the respective successors and assigns of the Company, the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities Intermediary, and the Holders from time to time of the Units, by
their acceptance of the same, shall be deemed to have agreed to be bound by the provisions hereof and to have ratified the agreements of, and the grant of the Pledge hereunder by, the Purchase Contract Agent. 

Section 1.09. Separability Clause. In case any provision in this Agreement or in the Units shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions hereof and thereof shall not in any way be affected or impaired thereby. 

  
 25 

 Section 1.10. Benefits of Agreement. Nothing contained in this Agreement or in the
Units, express or implied, shall give to any Person, other than the parties hereto and their successors hereunder and, to the extent provided hereby, the Holders, any benefits or any legal or equitable right, remedy or claim under this Agreement.
The Holders from time to time shall be beneficiaries of this Agreement and shall be bound by all of the terms and conditions hereof and of the Units evidenced by their Certificates by their acceptance of delivery of such Certificates. 

Section 1.11. Governing Law; Jurisdiction; Waiver of Trial by Jury. THIS AGREEMENT AND THE UNITS AND THE PURCHASE CONTRACTS SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAW PROVISIONS THEREOF TO THE EXTENT THAT A DIFFERENT LAW WOULD GOVERN AS A RESULT. 

Each of the parties hereto irrevocably consents and agrees, for the benefit of the Holders from time to time of the Units and the Purchase
Contracts, and the other parties hereto, that any legal action, suit or proceeding against it with respect to obligations, liabilities or any other matter arising out of or in connection with this Agreement, the Units or the Purchase Contracts may
be brought in the courts of the State of New York or the courts of the United States, in each case located in the Borough of Manhattan, New York City, New York and hereby irrevocably consents and submits to the non-exclusive jurisdiction of each
such court in personam, generally and unconditionally with respect to any action, suit or proceeding for itself in respect of its properties, assets and revenues. 

Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent permitted by law, any objection which it may now or
hereafter have to the laying of venue of any of the aforesaid actions, suits or proceedings arising out of or in connection with this Agreement, the Units or the Purchase Contracts brought in the courts of the State of New York or the courts of the
United States, in each case, located in the Borough of Manhattan, New York City, New York and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought
in any such court has been brought in an inconvenient forum. 
 EACH PARTY HERETO, AND EACH HOLDER OF A UNIT BY ACCEPTANCE THEREOF, HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, RELATING TO OR IN CONNECTION WITH THIS AGREEMENT, THE UNITS, THE PURCHASE
CONTRACTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

  
 26 

 Section 1.12. Legal Holidays. In any case where any Payment Date shall not be a
Business Day (notwithstanding any other provision of this Agreement or the Units), Contract Adjustment Payments, deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon), and other distributions shall not be
paid on such date, but Contract Adjustment Payments, deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) and such other distributions shall be paid on the next succeeding Business Day, with the same
force and effect as if made on such scheduled Payment Date; provided that no interest or other amount shall accrue or be payable by the Company or to any Holder in respect of any such delay. 

In any case where the Purchase Contract Settlement Date or any Early Settlement Date or Fundamental Change Early Settlement Date shall not be
a Business Day (notwithstanding any other provision of this Agreement or the Units), Purchase Contracts shall not be performed and Early Settlement or Fundamental Change Early Settlement shall not be effected on such date, but Purchase Contracts
shall be performed or Early Settlement or Fundamental Change Early Settlement shall be effected, as applicable, on the next succeeding Business Day with the same force and effect as if made on such Purchase Contract Settlement Date, Early Settlement
Date or Fundamental Change Early Settlement Date, as applicable. 
 Section 1.13. Counterparts. This Agreement may be executed
in any number of counterparts by the parties hereto, each of which, when so executed and delivered, shall be deemed an original, but all such counterparts shall together constitute one and the same instrument. 

The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission shall constitute effective execution and
delivery of this Agreement as to the parties hereto and may be used in lieu of the original Agreement for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all
purposes. 
 Section 1.14. Inspection of Agreement. A copy of this Agreement shall be available at all reasonable times during
normal business hours at the Corporate Trust Office for inspection by any Holder or Beneficial Owner. 
 Section 1.15. Appointment
of Financial Institution as Agent for the Company. The Company may appoint a financial institution (which may be the Collateral Agent, provided that it shall have accepted such appointment) to act as its agent in performing its
obligations and in accepting and enforcing performance 

  
 27 

 
of the obligations of the Purchase Contract Agent and the Holders, under this Agreement and the Purchase Contracts, by giving notice of such appointment in the manner provided in
Section 1.05 hereof. Any such appointment shall not relieve the Company in any way from its obligations hereunder. 

Section 1.16. No Waiver. No failure on the part of the Company, the Purchase Contract Agent, the Collateral Agent, the Custodial
Agent, the Securities Intermediary or any of their respective agents to exercise, and no course of dealing with respect to, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or
partial exercise by the Company, the Purchase Contract Agent, the Collateral Agent, the Custodial Agent, the Securities Intermediary or any of their respective agents of any right, power or remedy hereunder preclude any other or further exercise
thereof or the exercise of any other right, power or remedy. The remedies herein are cumulative and are not exclusive of any remedies provided by law. 

ARTICLE 2 

CERTIFICATE FORMS 

Section 2.01. Forms of Certificates Generally. The Certificates (including the form of Purchase Contract forming part of each Unit
evidenced thereby) shall be in substantially the form set forth in Exhibit A hereto (in the case of Corporate Units Certificates), Exhibit B hereto (in the case of Treasury Units Certificates) or Exhibit C hereto (in the case of Cash Settled Units
Certificates), with such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any securities exchange on which the Units are
listed or any depositary therefor, or as may, consistently herewith, be determined by the officers of the Company executing such Certificates, as evidenced by their execution of the Certificates. 

The definitive Certificates shall be produced in any manner as determined by the officers of the Company executing the Units evidenced by such
Certificates, consistent with the provisions of this Agreement, as evidenced by their execution thereof. 
 Every Global Certificate
authenticated, executed on behalf of the Holders and delivered hereunder shall bear a legend substantially in the form set forth in Exhibit A, Exhibit B and Exhibit C for a Global Certificate. 

Section 2.02. Form of Purchase Contract Agent’s Certificate of Authentication. The form of the Purchase Contract Agent’s
certificate of authentication of the Units shall be in substantially the form set forth on the form of the applicable Certificates. 

  
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 ARTICLE 3 

THE UNITS 

Section 3.01. Amount; Form and Denominations. The aggregate number of Units evidenced by Certificates authenticated, executed on
behalf of the Holders and delivered hereunder is limited to 3,450,000, except for Certificates authenticated, executed and delivered upon registration of transfer of, in exchange for, or in lieu of, other Certificates pursuant to Section 3.04,
Section 3.05, Section 3.06, Section 3.10, Section 3.13, Section 3.15 or Section 8.05. 
 The Certificates
shall be issuable only in registered form and only in denominations of a single Corporate Unit, Treasury Unit or Cash Settled Unit and any integral multiple thereof. 

Section 3.02. Rights and Obligations Evidenced by the Certificates. Each Corporate Units Certificate shall evidence the number of
Corporate Units specified therein, with each such Corporate Unit representing (1) the ownership by the Holder thereof of an Applicable Ownership Interest in Notes or an Applicable Ownership Interest in the Treasury Portfolio, as the case may
be, subject to the Pledge of such Applicable Ownership Interest in Notes or Applicable Ownership Interest in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as
the case may be, by such Holder pursuant to this Agreement, and (2) the rights and obligations of the Holder thereof and the Company under one Purchase Contract. The Purchase Contract Agent is hereby authorized, as attorney-in-fact for, and on
behalf of, the Holder of each Corporate Unit, to pledge, pursuant to Article 11 hereof, the Applicable Ownership Interest in Notes, or the Applicable Ownership Interest in the Treasury Portfolio (as specified in clause (i) of the definition of
Applicable Ownership Interest in the Treasury Portfolio), forming a part of such Corporate Unit to the Collateral Agent, for the benefit of the Company, and to grant to the Collateral Agent, as agent of and for the benefit of the Company, a security
interest in the right, title and interest of such Holder in such Applicable Ownership Interest in Notes or such Applicable Ownership Interest in the Treasury Portfolio to secure the obligation of the Holder under each Purchase Contract to purchase
shares of Common Stock. To effect such Pledge and grant such security interest, the Purchase Contract Agent on behalf of the Holders of Corporate Units has, on the date hereof, delivered to the Collateral Agent the Applicable Ownership Interests in
Notes. 
 Upon the formation of a Treasury Unit pursuant to Section 3.13, each Treasury Units Certificate shall evidence the number of
Treasury Units specified therein, with each such Treasury Unit representing (1) the ownership by the Holder thereof of an undivided beneficial ownership interest in the Treasury Security, subject to the Pledge of such interest by such Holder
pursuant to this Agreement, and (2) the rights and obligations of the Holder thereof and the 

  
 29 

 
Company under one Purchase Contract. The Purchase Contract Agent is hereby authorized, as attorney-in-fact for, and on behalf of, the Holder of each Treasury Unit, to pledge, pursuant to Article
11 hereof, such Holder’s interest in the Treasury Security forming a part of such Treasury Unit to the Collateral Agent, as agent of and for the benefit of the Company, and to grant to the Collateral Agent, for the benefit of the Company, a
security interest in the right, title and interest of such Holder in such Treasury Security to secure the obligation of the Holder under each Purchase Contract to purchase shares of Common Stock. 

Upon the formation of a Cash Settled Unit pursuant to Section 3.14, each Cash Settled Units Certificate shall evidence the number of Cash
Settled Units specified therein, with each such Cash Settled Unit representing (1) the ownership by the Holder thereof of $100 Cash, subject to the Pledge of such Cash by such Holder pursuant to this Agreement, and (2) the rights and
obligations of the Holder thereof and the Company under one Purchase Contract. The Purchase Contract Agent is hereby authorized, as attorney-in-fact for, and on behalf of, the Holder of each Cash Settled Unit, to pledge, pursuant to Article 11
hereof, such Holder’s Cash forming a part of such Cash Settled Unit to the Collateral Agent, as agent of and for the benefit of the Company, and to grant to the Collateral Agent, for the benefit of the Company, a security interest in the right,
title and interest of such Holder in such Cash to secure the obligation of the Holder under each Purchase Contract to purchase shares of Common Stock. 

Prior to the purchase of shares of Common Stock under each Purchase Contract, such Purchase Contracts shall not entitle the Holder of a Unit
to any of the rights of a holder of shares of Common Stock or Common Stock, including, without limitation, the right to vote or receive any dividends or other payments or to consent or to receive notice as a shareholder in respect of the meetings of
shareholders or for the election of directors of the Company or for any other matter, or any other rights whatsoever as a shareholder of the Company. 

Section 3.03. Execution, Authentication; Delivery and Dating. Subject to the provisions of Section 3.13, Section 3.14
and Section 3.15 hereof, upon the execution and delivery of this Agreement, and at any time and from time to time thereafter, the Company may deliver Certificates executed by the Company to the Purchase Contract Agent for authentication,
execution on behalf of the Holders and delivery, together with its Issuer Order for authentication, execution on behalf of the Holders and delivery of such Certificates, and the Purchase Contract Agent in accordance with such Issuer Order shall
authenticate, execute on behalf of the Holders and deliver such Certificates. 
 The Certificates shall be executed on behalf of the Company
by its Chairman of the Board of Directors, its Chief Executive Officer, its President, its Treasurer, one of its Vice Presidents or one of its Assistant Treasurers. The signature of any of these officers on the Certificates may be manual or
facsimile. 

  
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 Certificates bearing the manual or facsimile signatures of individuals who were at any time the
proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates or did not hold such offices at the date of
such Certificates. 
 No Purchase Contract evidenced by a Certificate shall be valid until such Certificate has been executed on behalf of
the Holder by the manual signature of an authorized officer of the Purchase Contract Agent, as such Holder’s attorney-in-fact. Such signature by an authorized officer of the Purchase Contract Agent shall be conclusive evidence that the Holder
of such Certificate has entered into the Purchase Contracts evidenced by such Certificate. 
 Each Certificate shall be dated the date of
its authentication. 
 No Certificate shall be entitled to any benefit under this Agreement or be valid or obligatory for any purpose unless
there appears on such Certificate a certificate of authentication substantially in the form provided for herein executed by an authorized officer of the Purchase Contract Agent by manual signature, and such certificate of authentication upon any
Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. 

Section 3.04. Temporary Certificates. Pending the preparation of definitive Certificates, the Company may execute and deliver to
the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the Holders, and deliver, in lieu of such definitive Certificates, temporary Certificates which are in substantially the form set forth in Exhibit
A, Exhibit B or Exhibit C hereto, as the case may be, with such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed or engraved thereon as may be required by the rules of any
securities exchange on which the Corporate Units, Treasury Units or Cash Settled Units, as the case may be, are listed, or as may, consistently herewith, be determined by the officers of the Company executing such Certificates, as evidenced by their
execution of the Certificates. 
 If temporary Certificates are issued, the Company will cause definitive Certificates to be prepared
without unreasonable delay. After the preparation of definitive Certificates, the temporary Certificates shall be exchangeable for definitive Certificates upon surrender of the temporary Certificates at the Corporate Trust Office, at the expense of
the Company and without charge to the Holder. Upon surrender for cancellation of any one or more temporary Certificates, the Company shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate,
execute on behalf of the Holder, and deliver in exchange therefor, one or more definitive Certificates 

  
 31 

 
of like tenor and denominations and evidencing a like number of Units as the temporary Certificate or Certificates so surrendered. Until so exchanged, the temporary Certificates shall in all
respects evidence the same benefits and the same obligations with respect to the Units evidenced thereby as definitive Certificates. 

Section 3.05. Registration; Registration of Transfer and Exchange. The Purchase Contract Agent shall keep at the Corporate Trust
Office a register (the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Purchase Contract Agent shall provide for the registration of Certificates and of transfers of Certificates (the
Purchase Contract Agent, in such capacity, the “Security Registrar”). The Security Registrar shall record separately the registration and transfer of the Certificates evidencing Corporate Units, Treasury Units and Cash Settled
Units. 
 Upon surrender for registration of transfer of any Certificate at the Corporate Trust Office, the Company shall execute and
deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the designated transferee or transferees, and deliver, in the name of the designated transferee or transferees, one or more new
Certificates of any authorized denominations, like tenor, and evidencing a like number of Corporate Units, Treasury Units or Cash Settled Units, as the case may be. 

At the option of the Holder, Certificates may be exchanged for other Certificates, of any authorized denominations and evidencing a like
number of Corporate Units, Treasury Units or Cash Settled Units, as the case may be, upon surrender of the Certificates to be exchanged at the Corporate Trust Office. Whenever any Certificates are so surrendered for exchange, the Company shall
execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the Holder, and deliver the Certificates which the Holder making the exchange is entitled to receive. 

All Certificates issued upon any registration of transfer or exchange of a Certificate shall evidence the ownership of the same number of
Corporate Units, Treasury Units or Cash Settled Units, as the case may be, and be entitled to the same benefits and subject to the same obligations under this Agreement as the Corporate Units, Treasury Units or Cash Settled Units, as the case may
be, evidenced by the Certificate surrendered upon such registration of transfer or exchange. 
 Every Certificate presented or surrendered
for registration of transfer or exchange shall (if so required by the Purchase Contract Agent) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Purchase Contract Agent duly executed
by the Holder thereof or its attorney duly authorized in writing. 

  
 32 

 No service charge shall be made for any registration of transfer or exchange of a Certificate,
but the Company and the Purchase Contract Agent may require payment from the Holder of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Certificates,
other than any exchanges pursuant to Section 3.04, Section 3.06 and Section 8.05 not involving any transfer. 

Notwithstanding the foregoing, the Company shall not be obligated to execute and deliver to the Purchase Contract Agent, and the Purchase
Contract Agent shall not be obligated to authenticate, execute on behalf of the Holder and deliver any Certificate in exchange for any other Certificate presented or surrendered for registration of transfer or for exchange on or after the Business
Day immediately preceding the earliest to occur of any Early Settlement Date with respect to such Certificate, any Fundamental Change Early Settlement Date with respect to such Certificate, the Purchase Contract Settlement Date or the Termination
Date. In lieu of delivery of a new Certificate, upon satisfaction of the applicable conditions specified above in this Section and receipt of appropriate registration or transfer instructions from such Holder, the Purchase Contract Agent shall: 

(a) if the Purchase Contract Settlement Date, an Early Settlement Date or a Fundamental Change Early Settlement Date with respect to such
other Certificate (or portion thereof) has occurred, deliver the shares of Common Stock issuable in respect of the Purchase Contracts forming a part of the Units evidenced by such other Certificate (or portion thereof); and 

(b) if a Termination Event, Early Settlement, or Fundamental Change Early Settlement shall have occurred prior to the Purchase Contract
Settlement Date, Transfer the Applicable Ownership Interests in the Notes, the Cash, the Treasury Security or the Applicable Ownership Interests in the Treasury Portfolio, as the case may be, underlying such Certificate, in each case subject to the
applicable conditions and in accordance with the applicable provisions of Section 3.16 and Article 5 hereof. 
 Section 3.06.
Book-entry Interests. The Certificates will be issued in the form of one or more fully registered Global Certificates, to be delivered to the Depositary or its custodian by, or on behalf of, the Company. The Company hereby designates DTC as the
initial Depositary. Such Global Certificates shall initially be registered on the Security Register in the name of Cede & Co., the nominee of the Depositary, and no Beneficial Owner will receive a definitive Certificate representing such
Beneficial Owner’s interest in such Global Certificate, except as provided in Section 3.09. The Purchase Contract Agent shall enter into an agreement with the Depositary if so requested by the Company. Following the issuance of such Global
Certificates and unless and until definitive, and fully registered Certificates have been issued to Beneficial Owners pursuant to Section 3.09: 

(a) the provisions of this Section 3.06 shall be in full force and effect; 

  
 33 

 (b) the Company and the Purchase Contract Agent shall be entitled to deal with the Depositary for
all purposes of this Agreement (including, without limitation, making Contract Adjustment Payments and receiving approvals, votes or consents hereunder) as the Holder of the Units and the sole holder of the Global Certificates and shall have no
obligation to the Beneficial Owners; provided that a Beneficial Owner may directly enforce against the Company, without any consent, proxy, waiver or involvement of the Depositary of any kind, such Beneficial Owner’s right to receive a
definitive Certificate representing the Units beneficially owned by such Beneficial Owner, as set forth in Section 3.09; 
 (c) to the
extent that the provisions of this Section 3.06 conflict with any other provisions of this Agreement, the provisions of this Section 3.06 shall control; and 

(d) except as set forth in the proviso of clause (b) of this Section 3.06, the rights of the Beneficial Owners shall be exercised
only through the Depositary and shall be limited to those established by law and agreements between such Beneficial Owners and the Depositary or the Depositary Participants. The Depositary will make book-entry transfers among Depositary Participants
and receive and transmit payments of Contract Adjustment Payments to such Depositary Participants. 
 Transfers of securities evidenced by
Global Certificates shall be made through the facilities of the Depositary, and any cancellation of, or increase or decrease in the number of, such securities (including the creation of Treasury Units, the creation of Cash Settled Units and the
recreation of Corporate Units pursuant to Section 3.13, Section 3.14 and Section 3.15, respectively) shall be accomplished by making appropriate annotations on the Schedule of Increases and Decreases set forth in such Global
Certificate. 
 Section 3.07. Notices to Holders. Whenever a notice or other communication to the Holders is required to be
given under this Agreement, the Company or the Company’s agent shall give such notices and communications to the Holders and, with respect to any Units registered in the name of the Depositary or the nominee of the Depositary, the Company or
the Company’s agent shall, except as set forth herein, have no obligations to the Beneficial Owners. 
 Section 3.08.
Appointment of Successor Depositary. If the Depositary elects to discontinue its services as securities depositary with respect to the Units, the Company may, in its sole discretion, appoint a successor Depositary with respect to the Units. 

  
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 Section 3.09. Definitive Certificates. 

If: 
 (a) the Depositary
notifies the Company that it is unwilling or unable to continue its services as securities depositary with respect to the Units and no successor Depositary has been appointed pursuant to Section 3.08 within 90 days after such notice; 

(b) the Depositary ceases to be a “clearing agency” registered under Section 17A of the Exchange Act when the Depositary is
required to be so registered to act as the Depositary and so notifies the Company, and no successor Depositary has been appointed pursuant to Section 3.08 within 90 days after such notice; 

(c) to the extent permitted by the Depositary, the Company determines in its discretion that the Global Certificates shall be exchangeable for
definitive Certificates and Beneficial Owners elect to withdraw their interests in the Global Certificates; or 
 (d) a Beneficial Owner
seeking to exercise or enforce its rights under the Corporate Units, Treasury Units or Cash Settled Units requests to exchange such Beneficial Owner’s interest in the Global Certificates for definitive Certificates; 

then (x) definitive Certificates shall be prepared by the Company with respect to such Units and delivered to the Purchase Contract Agent and
(y) upon surrender of the Global Certificates representing the Units by the Depositary, accompanied by registration instructions, the Company shall cause definitive Certificates to be delivered to Beneficial Owners in accordance with
instructions provided by the Depositary. The Company and the Purchase Contract Agent shall not be liable for any delay in delivery of such instructions and may conclusively rely on and shall be authorized and protected in relying on, such
instructions. Each definitive Certificate so delivered shall evidence Units of the same kind and tenor as the Global Certificate so surrendered in respect thereof. 

Section 3.10. Mutilated, Destroyed, Lost and Stolen Certificates. If any mutilated Certificate is surrendered to the Purchase
Contract Agent, the Company shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the Holder, and deliver in exchange therefor, a new Certificate, evidencing the same
number of Corporate Units, Treasury Units or Cash Settled Units, as the case may be, and bearing a Certificate number not contemporaneously outstanding. 

  
 35 

 If there shall be delivered to the Company and the Purchase Contract Agent (i) evidence to
their satisfaction of the destruction, loss or theft of any Certificate, and (ii) such security or indemnity as may be required by them to hold each of them and any agent of any of them harmless, then, in the absence of notice to the Company or
the Purchase Contract Agent that such Certificate has been acquired by a protected purchaser, the Company shall execute and deliver to the Purchase Contract Agent, and the Purchase Contract Agent shall authenticate, execute on behalf of the Holder,
and deliver to the Holder, in lieu of any such destroyed, lost or stolen Certificate, a new Certificate, evidencing the same number of Corporate Units, Treasury Units or Cash Settled Units, as the case may be, and bearing a Certificate number not
contemporaneously outstanding. 
 Notwithstanding the foregoing, the Company shall not be obligated to execute and deliver to the Purchase
Contract Agent, and the Purchase Contract Agent shall not be obligated to authenticate, execute on behalf of the Holder, and deliver to the Holder, a Certificate on or after the Business Day immediately preceding the earliest of any Early Settlement
Date with respect to such lost, stolen, destroyed or mutilated Certificate, any Fundamental Change Early Settlement Date with respect to such lost, stolen, destroyed or mutilated Certificate, the Purchase Contract Settlement Date or the Termination
Date. In lieu of delivery of a new Certificate, upon satisfaction of the applicable conditions specified above in this Section and receipt of appropriate registration or transfer instructions from such Holder, the Purchase Contract Agent shall: 

(a) if the Purchase Contract Settlement Date, an Early Settlement Date or a Fundamental Change Early Settlement Date with respect to such
lost, stolen, destroyed or mutilated Certificate has occurred, deliver the shares of Common Stock issuable in respect of the Purchase Contracts forming a part of the Units evidenced by such Certificate; and 

(b) if a Termination Event, Fundamental Change Early Settlement or an Early Settlement with respect to such lost, stolen, destroyed or
mutilated Certificate shall have occurred prior to the Purchase Contract Settlement Date, transfer the Applicable Ownership Interests in the Notes, the Treasury Security, the Applicable Ownership Interests in the Treasury Portfolio or the Treasury
Security, as the case may be, underlying such Certificate, in each case subject to the applicable conditions and in accordance with the applicable provisions of Section 3.16 and Article 5 hereof. 

Upon the issuance of any new Certificate under this Section 3.10, the Company and the Purchase Contract Agent may require the payment by
the Holder of a sum sufficient to cover any tax or other governmental charge that may 

  
 36 

 
be imposed in relation thereto and any other fees and expenses (including, without limitation, the fees and expenses of the Purchase Contract Agent and its counsel) connected therewith. 

Every new Certificate issued pursuant to this Section 3.10 in lieu of any destroyed, lost or stolen Certificate shall constitute an
original additional contractual obligation of the Company and of the Holder in respect of the Units evidenced thereby, whether or not the destroyed, lost or stolen Certificate (and the Units evidenced thereby) shall be at any time enforceable by
anyone, and shall be entitled to all the benefits and be subject to all the obligations of this Agreement equally and proportionately with any and all other Certificates delivered hereunder. 

The provisions of this Section 3.10 are exclusive and shall preclude, to the extent lawful, all other rights and remedies with respect to
the replacement or payment of mutilated, destroyed, lost or stolen Certificates. 
 Section 3.11. Persons Deemed Owners. Prior
to due presentment of a Certificate for registration of transfer, the Company, the Collateral Agent, and the Purchase Contract Agent and its Affiliates and any agent of the Company, the Collateral Agent or the Purchase Contract Agent, may treat the
Person in whose name such Certificate is registered as the owner of the Units evidenced thereby for purposes of (subject to any applicable record date) any payment or distribution with respect to the Applicable Ownership Interests in Notes, on the
Treasury Security, on the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (ii) of the definition of Applicable Ownership Interests in the Treasury Portfolio) or payment of Contract Adjustment Payments and
performance of the Purchase Contracts and for all other purposes whatsoever in connection with such Units, whether or not such payment, distribution, or performance shall be overdue and notwithstanding any notice to the contrary, and neither the
Company nor the Purchase Contract Agent, nor any agent of the Company or the Purchase Contract Agent, shall be affected by notice to the contrary. 

Neither the Purchase Contract Agent nor the Securities Registrar shall have any responsibility or obligation to any Beneficial Owner of Units
represented by a Global Certificate or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any agent member, with respect to any ownership interest in the Units or with respect to the delivery to any agent
member, Beneficial Owner or other Person (other than the Depositary) of any notice or the payment of any amount, under or with respect to such Units. All notices and communications to be given to the Holders and all payments to be made to Holders
pursuant to the Units and this Agreement shall be given or made only to or upon the order of the registered holders (which shall be the Depositary or its nominee in the case of a Global Certificate). The rights of Beneficial

  
 37 

 
Owners of the Units underlying a Global Certificate shall be exercised only through the Depositary subject to its applicable procedures. The Purchase Contract Agent and the Securities Registrar
shall be entitled to rely and shall be fully protected in relying upon information furnished by the Depositary with respect to its members, participants and any Beneficial Owners. The Purchase Contract Agent and the Securities Registrar shall be
entitled to deal with the Depositary, and any nominee thereof, that is the registered holder of any Global Certificate for all purposes of this Agreement relating to such Global Certificate (including the payment of principal, premium, if any, and
interest and the giving of instructions or directions by or to the Beneficial Owner in any Units underlying such Global Certificate) as the sole Holder of such Global Certificate and shall have no obligations to the Beneficial Owners thereof.
Neither the Purchase Contract Agent nor the Securities Registrar shall have any responsibility or liability for any acts or omissions of the Depositary with respect to any Units underlying such Global Certificate, for the records of the Depositary,
including records in respect of beneficial ownership interests in respect of Units underlying such Global Certificate, for any transactions between the Depositary and any agent member or between or among the Depositary, any such agent member and/or
any Holder or Beneficial Owner of any Units underlying such Global Certificate, or for any transfers of beneficial interests in any Units underlying such Global Certificate. 

Notwithstanding the foregoing, with respect to any Global Certificate, nothing contained herein shall prevent the Company, the Purchase
Contract Agent or any agent of the Company or the Purchase Contract Agent, from giving effect to any written certification, proxy or other authorization furnished by the Depositary (or its nominee), as a Holder, with respect to such Global
Certificate, or impair, as between such Depositary and the related Beneficial Owner, the operation of customary practices governing the exercise of rights of the Depositary (or its nominee) as Holder of such Global Certificate. None of the Company,
the Purchase Contract Agent or any agent of the Company or the Purchase Contract Agent will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global
Certificate or maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Section 3.12.
Cancellation. All Certificates surrendered for delivery of shares of Common Stock on or after the Purchase Contract Settlement Date or in connection with an Early Settlement or a Fundamental Change Early Settlement or for delivery of the Notes
underlying the Applicable Ownership Interests in Notes, the Applicable Ownership Interests in the Treasury Portfolio, the Cash proceeds of the Treasury Security, as the case may be, after the occurrence of a Termination Event, an Early Settlement or
a Fundamental Change Early Settlement, a Collateral Substitution, or upon the registration of transfer or exchange of a Unit, shall, if surrendered to any Person other than the Purchase 

  
 38 

 
Contract Agent, be delivered to the Purchase Contract Agent along with appropriate written instructions regarding the cancellation thereof and, if not already cancelled, shall be promptly
cancelled by it. The Company may at any time deliver to the Purchase Contract Agent for cancellation any Certificates previously authenticated, executed and delivered hereunder that the Company may have acquired in any manner whatsoever, and all
Certificates so delivered shall, upon an Issuer Order, be promptly cancelled by the Purchase Contract Agent. No Certificates shall be authenticated, executed on behalf of the Holder and delivered in lieu of or in exchange for any Certificates
cancelled as provided in this Section 3.12, except as expressly permitted by this Agreement. All cancelled Certificates held by the Purchase Contract Agent shall be disposed of in accordance with its customary practices. 

If the Company or any Affiliate of the Company shall acquire any Certificate, such acquisition shall not operate as a cancellation of such
Certificate unless and until such Certificate is delivered to the Purchase Contract Agent cancelled or for cancellation. 

Section 3.13. Creation of Treasury Units by Substitution of Treasury Security. (a) Subject to the conditions set forth in
this Agreement, and subject to the limitations on a Collateral Substitution in connection with an Optional Remarketing as set forth under Section 5.02(a) below, a Holder of Corporate Units may, at any time from and after the date of this
Agreement, other than during a Blackout Period, effect a Collateral Substitution and separate Notes underlying the Pledged Applicable Ownership Interests in Notes in respect of such Corporate Units by substituting for such Pledged Applicable
Ownership Interests in Notes for which Collateral Substitution is being made, Treasury Securities; provided that Holders may make Collateral Substitutions only in integral multiples of 10 Corporate Units. To effect such substitution, the
Holder must: 
 (i) Transfer to the Collateral Agent, for credit to the Collateral Account, one Treasury Security for every
10 Corporate Units with respect to which such substitution is being made; and 
 (ii) Transfer the related Corporate Units
to the Purchase Contract Agent accompanied by a notice to the Purchase Contract Agent, substantially in the form of Exhibit D hereto, whereupon the Purchase Contract Agent shall promptly provide a direction and instruction to the Collateral Agent in
writing, substantially in the form of Exhibit G hereto. 
 Upon confirmation that the Treasury Securities described in clause (i) above
have been credited to the Collateral Account and receipt of the written instruction to the Collateral Agent described in clause (ii) above, the Collateral Agent shall release such Pledged Applicable Ownership Interests in Notes from

  
 39 

 
the Pledge and instruct the Securities Intermediary by a notice, substantially in the form of Exhibit H hereto, to Transfer the Notes underlying such Pledged Applicable Ownership Interests in
Notes to the Purchase Contract Agent for distribution to such Holder, free and clear of the Pledge created hereby. Notwithstanding anything to the contrary herein, the Securities Intermediary and the Collateral Agent shall take no action to release
such Pledged Applicable Ownership Interests in Notes from the Pledge unless and until the direction is provided by the Purchase Contract Agent substantially in the form of Exhibit G hereto. 

Upon credit to the Collateral Account of the Treasury Securities delivered by a Holder of Corporate Units and receipt of the related
instruction from the Collateral Agent, the Securities Intermediary shall promptly Transfer the Notes underlying the appropriate Pledged Applicable Ownership Interests in Notes to the Purchase Contract Agent for distribution to such Holder, free and
clear of the Pledge created hereby. 
 Upon receipt of the Notes underlying such Pledged Applicable Ownership Interests in Notes, the
Purchase Contract Agent shall promptly: 
 (A) cancel the related Corporate Units; 

(B) Transfer such Notes to the Holder (such Notes shall be tradable as separate securities, independent of the concurrently
created Treasury Units) in book-entry form, to the extent a Global Note (as defined in the Supplemental Indenture) is registered in the name of the Depositary; and 

(C) deliver Treasury Units in book-entry form, or if applicable, authenticate, execute on behalf of such Holder and deliver
Treasury Units in the form of a Treasury Units Certificate executed by the Company in accordance with Section 3.03 evidencing the same number of Purchase Contracts as were evidenced by the cancelled Corporate Units. 

Holders who elect to separate the Notes by substituting Treasury Securities for Applicable Ownership Interests in Notes shall be responsible
for any fees or expenses (including, without limitation, fees and expenses payable to the Collateral Agent), in respect of such Collateral Substitution, and neither the Company nor the Purchase Contract Agent shall be responsible for any such fees
or expenses. 
 (b) In the event a Holder making a Collateral Substitution pursuant to this Section 3.13 fails to effect a book-entry
transfer of the Corporate Units or fails to deliver Corporate Units Certificates to the Purchase Contract Agent after 

  
 40 

 
depositing Treasury Securities with the Collateral Agent, any distributions on the Notes underlying the Applicable Ownership Interests in Notes constituting a part of such Corporate Units, shall
be held in the name of the Purchase Contract Agent or its nominee in trust for the benefit of such Holder, until such Corporate Units are so transferred or the Corporate Units Certificate is so delivered, as the case may be, or such Holder provides
evidence satisfactory to the Company and the Purchase Contract Agent that such Corporate Units Certificate has been destroyed, lost or stolen, together with any indemnity or security that may be required by the Purchase Contract Agent and the
Company. 
 (c) Except as described in Section 5.02, this Section 3.13, Section 3.14 or in connection with an Early
Settlement, a Fundamental Change Early Settlement or a Termination Event, for so long as the Purchase Contract underlying a Corporate Unit remains in effect, such Corporate Unit shall not be separable into its constituent parts, and the rights and
obligations of the Holder in respect of the Notes and the Purchase Contract comprising such Corporate Units may be acquired, and may be transferred and exchanged, only as a Corporate Unit. 

Section 3.14. Creation of Cash Settled Units by Substitution of Cash. (a) Subject to the conditions set forth in this
Agreement, a Holder of Corporate Units may, at any time from and after the date the Company gives the notice of Final Remarketing as set forth in Section 5.02(b)(ii) below and other than during a Blackout Period, effect a Collateral
Substitution and separate the Notes underlying the Pledged Applicable Ownership Interests in Notes in respect of such Holder’s Corporate Units by substituting for such Pledged Applicable Ownership Interests in Notes for which Collateral
Substitution is being made, Cash in an aggregate amount equal to the aggregate principal amount of the Notes underlying the Pledged Applicable Ownership Interests in Notes; provided that Holders may make Collateral Substitutions only in
integral multiples of 10 Corporate Units. To effect such substitution, the Holder must: 
 (i) Transfer to the Collateral
Agent, for credit to the Collateral Account, Cash in an amount equal to the aggregate principal amount of the Notes underlying the Pledged Applicable Ownership Interests in Notes for which such Collateral Substitution is made; and 

(ii) Transfer the related Corporate Units to the Purchase Contract Agent accompanied by a notice to the Purchase Contract
Agent, substantially in the form of Exhibit E hereto, whereupon the Purchase Contract Agent shall promptly provide a direction and instruction to the Collateral Agent in writing, substantially in the form of Exhibit I hereto. 

Upon confirmation that the Cash described in clause (i) above has been credited to the Collateral Account and receipt of the written
instruction to the 

  
 41 

 
Collateral Agent described in clause (ii) above, the Collateral Agent shall release such Pledged Applicable Ownership Interests in Notes from the Pledge and instruct the Securities
Intermediary by a notice, substantially in the form of Exhibit J hereto, to Transfer the Notes underlying such Pledged Applicable Ownership Interests in Notes to the Purchase Contract Agent for distribution to such Holder, free and clear of the
Pledge created hereby. Notwithstanding anything to the contrary herein, the Securities Intermediary and the Collateral Agent shall take no action to release such Pledged Applicable Ownership Interests in Notes from the Pledge unless and until the
direction is provided by the Purchase Contract Agent substantially in the form of Exhibit I hereto. 
 Upon credit to the Collateral Account
of Cash delivered by a Holder of Corporate Units and receipt of the related instruction from the Collateral Agent, the Securities Intermediary shall promptly Transfer the Notes underlying the appropriate Pledged Applicable Ownership Interests in
Notes to the Purchase Contract Agent for distribution to such Holder, free and clear of the Pledge created hereby. 
 Upon receipt of the
Notes underlying such Pledged Applicable Ownership Interests in Notes, the Purchase Contract Agent shall promptly: 
 (A)
cancel the related Corporate Units; 
 (B) Transfer such Notes to the Holder (such Notes shall be tradable as separate
securities, independent of the concurrently created Cash Settled Units) in book-entry form, to the extent a Global Note (as defined in the Supplemental Indenture) is registered in the name of the Depositary; and 

(C) deliver Cash Settled Units in book-entry form, or if applicable, authenticate, execute on behalf of such Holder and
deliver Cash Settled Units in the form of a Cash Settled Units Certificate executed by the Company in accordance with Section 3.03 evidencing the same number of Purchase Contracts as were evidenced by the cancelled Corporate Units. 

Holders who elect to separate the Notes by substituting Cash for Applicable Ownership Interests in Notes shall be responsible for any fees or
expenses (including, without limitation, fees and expenses payable to the Collateral Agent and counsel), in respect of such Collateral Substitution, and neither the Company nor the Purchase Contract Agent shall be responsible for any such fees or
expenses. 
 (b) In the event a Holder making a Collateral Substitution pursuant to this Section 3.14 fails to effect a book-entry
transfer of the Corporate Units or 

  
 42 

 
fails to deliver Corporate Units Certificates to the Purchase Contract Agent after depositing Cash with the Collateral Agent, any distributions on the Notes underlying the Applicable Ownership
Interests in Notes constituting a part of such Corporate Units, shall be held in the name of the Purchase Contract Agent or its nominee in trust for the benefit of such Holder, until such Corporate Units are so transferred or the Corporate Units
Certificate is so delivered, as the case may be, or such Holder provides evidence satisfactory to the Company and the Purchase Contract Agent that such Corporate Units Certificate has been destroyed, lost or stolen, together with any indemnity or
security that may be required by the Purchase Contract Agent and the Company. 
 (c) Except as described in Section 5.02,
Section 3.13, this Section 3.14 or in connection with an Early Settlement, a Fundamental Change Early Settlement or a Termination Event, for so long as the Purchase Contract underlying a Corporate Unit remains in effect, such Corporate
Unit shall not be separable into its constituent parts, and the rights and obligations of the Holder in respect of the Notes and the Purchase Contract comprising such Corporate Units may be acquired, and may be transferred and exchanged, only as a
Corporate Unit. 
 Section 3.15. Recreation of Corporate Units. (a) Subject to the conditions set forth in this Agreement,
and subject to the limitations on a Collateral Substitution in connection with an Optional Remarketing, as set forth in Section 5.02(a) below, a Holder of Treasury Units may effect a Collateral Substitution and recreate Corporate Units at any
time from and after the date of this Agreement, other than during a Blackout Period; provided that Holders of Treasury Units may only recreate Corporate Units in integral multiples of 10 Treasury Units. To recreate Corporate Units, the Holder
must: 
 (i) Transfer to the Collateral Agent, for credit to the Collateral Account, Notes or security entitlements with
respect thereto having an aggregate principal amount equal to the Stated Amount multiplied by the number of Corporate Units to be created; and 

(ii) Transfer the related Treasury Units to the Purchase Contract Agent accompanied by a notice to the Purchase Contract
Agent, substantially in the form of Exhibit D hereto, whereupon the Purchase Contract Agent shall promptly provide a direction and instruction to the Collateral Agent in writing, substantially in the form of Exhibit K hereto. 

Upon confirmation that the Notes described in clause (i) above or security entitlements with respect thereto have been credited to the
Collateral Account and receipt of the written instruction from the Purchase Contract Agent described in clause (ii) above, the Collateral Agent shall (i) release the related Treasury Securities and (ii) instruct the Securities
Intermediary by a notice, substantially in 

  
 43 

 
the form of Exhibit L hereto, to Transfer the Treasury Securities described above to the Purchase Contract Agent for distribution to such Holder, free and clear of the Pledge created hereby. 

The substituted Notes will be pledged to the Company through the Collateral Agent to secure such Holder’s obligation to purchase shares
of Common Stock under the related Purchase Contract. 
 Upon credit to the Collateral Account of Notes or security entitlements with respect
thereto delivered by a Holder of Treasury Units and receipt of the related instruction from the Collateral Agent, the Securities Intermediary shall promptly Transfer the Treasury Securities described above to the Purchase Contract Agent for
distribution to such Holder, free and clear of the Pledge created hereby. Notwithstanding anything to the contrary herein, the Securities Intermediary and the Collateral Agent shall take no action to release such Treasury Security from the Pledge
unless and until the direction is provided by the Purchase Contract Agent substantially in the form of Exhibit K hereto. 
 Upon receipt of
such Treasury Securities, the Purchase Contract Agent shall promptly: 
 (A) cancel the related Treasury Units; 

(B) Transfer the Treasury Securities to the Holder; and 

(C) deliver Corporate Units in book-entry form or, if applicable, authenticate, execute on behalf of such Holder and deliver
Corporate Units in the form of a Corporate Units Certificate executed by the Company in accordance with Section 3.03 evidencing the same number of Purchase Contracts as were evidenced by the cancelled Treasury Units. 

Holders who elect to recreate Corporate Units shall be responsible for any fees or expenses (including, without limitation, fees and expenses
payable to the Collateral Agent and its counsel), in respect of the recreation, and neither the Company nor the Purchase Contract Agent shall be responsible for any such fees or expenses. 

(b) Except as provided in Section 5.02 or in this Section 3.15 or in connection with an Early Settlement, a Fundamental Change Early
Settlement or a Termination Event, for so long as the Purchase Contract underlying a Treasury Unit remains in effect, such Treasury Unit shall not be separable into its constituent parts and the rights and obligations of the Holder of such Treasury
Unit in respect of the interest in the Treasury Security and the Purchase Contract comprising such Treasury Unit may be acquired, and may be transferred and exchanged, only as a Treasury Unit. 

  
 44 

 Section 3.16. Transfer of Collateral Upon Occurrence of Termination Event.
(a) Upon the occurrence of a Termination Event, the Company shall notify the Collateral Agent in writing of the occurrence thereof and request that the Collateral Agent request the Securities Intermediary to release the Collateral from the
Pledge. Upon receipt by the Collateral Agent of such written notice or written notice pursuant to Section 5.05 hereof from the Company that a Termination Event has occurred, the Collateral Agent shall promptly release all Collateral from the
Pledge and shall promptly instruct the Securities Intermediary to Transfer: 
 (i) any Notes underlying Pledged Applicable
Ownership Interests in Notes or security entitlements with respect thereto or Pledged Applicable Ownership Interests in the Treasury Portfolio; 

(ii) any Pledged Treasury Securities; 

(iii) any Pledged Cash; 

(iv) any payments by Holders (or the Permitted Investments of such payments) pursuant to Section 5.02 hereof; and 

(v) any Proceeds and all other payments the Collateral Agent receives in respect of the foregoing, 

to the Purchase Contract Agent for the benefit of the Holders for distribution to such Holders, in accordance with their respective interests, free and clear
of the Pledge created hereby; provided, however, if any Holder or Beneficial Owner shall be entitled to receive Notes in an aggregate principal amount of less than $1,000, or greater than $1,000 but not in an integral multiple of $1,000, the
Purchase Contract Agent shall request, on behalf of such Holder or Beneficial Owner, pursuant to the Indenture that the Company shall issue Notes in denominations of $100, or integral multiples thereof, in exchange for Notes in denominations of
$1,000 or integral multiples thereof; and provided further, if any Holder shall be entitled to receive, with respect to its Pledged Applicable Ownership Interests in the Treasury Portfolio or Treasury Securities, any securities having a
principal amount at maturity of less than the minimum denominations thereof, the Purchase Contract Agent shall dispose of such Pledged Applicable Ownership Interests in the Treasury Portfolio or Treasury Securities for Cash and deliver to such
Holder Cash in lieu of delivering the Pledged Applicable Ownership Interests in the Treasury Portfolio or Treasury Securities, as the case may be. 

  
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 (b) Notwithstanding anything to the contrary in clause (a) of this Section 3.16, if
such Termination Event shall result from the Company’s becoming a debtor under the Bankruptcy Code, and if the Collateral Agent shall for any reason fail promptly to effectuate the release and Transfer of all Notes underlying Pledged Applicable
Ownership Interests in Notes, Pledged Applicable Ownership Interests in the Treasury Portfolio, Pledged Cash, Pledged Treasury Securities and payments by Holders (or the Permitted Investments of such payments) pursuant to Section 5.02 and
Proceeds and all other payments received by the Collateral Agent in respect of the foregoing, as the case may be, as provided by this Section 3.16, the Purchase Contract Agent shall use its reasonable best efforts to obtain an opinion of a
nationally recognized law firm to the effect that, notwithstanding the Company’s being the debtor in such a bankruptcy case, the Collateral Agent will not be prohibited from releasing or Transferring the Collateral as provided in this
Section 3.16, and shall deliver or cause to be delivered such opinion addressed to the Collateral Agent within ten days after the occurrence of such Termination Event, and if (A) the Purchase Contract Agent shall be unable to obtain such
opinion within ten days after the occurrence of such Termination Event or (B) the Collateral Agent shall continue, after delivery of such opinion, to refuse to effectuate the release and Transfer of all Notes underlying Pledged Applicable
Ownership Interests in Notes, Pledged Applicable Ownership Interests in the Treasury Portfolio, Pledged Cash, Pledged Treasury Securities and the payments by Holders (or the Permitted Investments of such payments) pursuant to Section 5.02
hereof and Proceeds and all other payments received by the Collateral Agent in respect of the foregoing, as the case may be, as provided in this Section 3.16, then the Purchase Contract Agent shall within fifteen days after the occurrence of
such Termination Event commence an action or proceeding in the court having jurisdiction of the Company’s case under the Bankruptcy Code seeking an order requiring the Collateral Agent to effectuate the release and transfer of all Notes
underlying Pledged Applicable Ownership Interests in Notes, Pledged Applicable Ownership Interests in the Treasury Portfolio, Pledged Cash, Pledged Treasury Securities and the payments by Holders (or the Permitted Investments of such payments)
pursuant to Section 5.02 hereof and Proceeds and all other payments received by the Collateral Agent in respect of the foregoing, or as the case may be, as provided by this Section 3.16. 

(c) Upon the occurrence of a Termination Event and the Transfer to the Purchase Contract Agent of the Notes underlying Pledged Applicable
Ownership Interests in Notes, the appropriate Pledged Applicable Ownership Interests in the Treasury Portfolio, the Pledged Cash or the Pledged Treasury Securities, as the case may be, pursuant to this Section 3.16, the Purchase Contract Agent
shall request transfer instructions with respect to such Notes, Applicable Ownership Interests in the Treasury Portfolio, Pledged Cash or Pledged Treasury Securities, as the case may be, from each Holder by written request, substantially in the form
of Exhibit F hereto, mailed to such Holder at its address as it appears in the Security Register. 

  
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 (d) Upon book-entry transfer of the Corporate Units, the Treasury Units or the Cash Settled Units
or delivery of a Corporate Units Certificate, Treasury Units Certificate or Cash Settled Units Certificate to the Purchase Contract Agent with such transfer instructions, the Purchase Contract Agent shall transfer the Notes underlying Pledged
Applicable Ownership Interests in Notes, the Pledged Applicable Ownership Interests in the Treasury Portfolio, the applicable Treasury Securities or Pledged Cash, as the case may be, underlying such Corporate Units, Treasury Units or Cash Settled
Units, as the case may be, to such Holder by book-entry transfer, or other appropriate procedures, in accordance with such instructions and, in the case of the Notes underlying Pledged Applicable Ownership
Interests in Notes, in accordance with the terms of the Supplemental Indenture. In the event a Holder of Corporate Units, Treasury Units or Cash Settled Units fails to effect such transfer or delivery, the Notes underlying Pledged Applicable
Ownership Interests in Notes, the Pledged Applicable Ownership Interests in the Treasury Portfolio, the applicable Treasury Securities or Pledged Cash, as the case may be, underlying such Corporate Units, Treasury Units or Cash Settled Units, as the
case maybe, and any distributions thereon, shall be held uninvested in the name of the Purchase Contract Agent or its nominee in trust for the benefit of such Holder, until the earlier to occur of: 

(i) the transfer of such Corporate Units, Treasury Units or Cash Settled Units or surrender of the Corporate Units
Certificate, Treasury Units Certificate or Cash Settled Units Certificate or the receipt by the Company and the Purchase Contract Agent from such Holder of satisfactory evidence that such Corporate Units Certificate, Treasury Units Certificate or
Cash Settled Units Certificate has been destroyed, lost or stolen, together with any indemnity or security that may be required by the Purchase Contract Agent and the Company; and 

(ii) the expiration of the time period specified by the applicable law governing abandoned property in the state in which the
Purchase Contract Agent holds such property. 
 Notwithstanding the foregoing, the Purchase Contract Agent may opt to deliver to the Company
any funds or property held for two years, in which event the Company shall have sole responsibility for compliance with all applicable escheat laws with respect to all funds or property returned to it pursuant to this sentence. 

Section 3.17. No Consent to Assumption. Each Holder of a Unit, by acceptance thereof, shall be deemed expressly to have
(a) withheld any consent to the assumption under Section 365 of the Bankruptcy Code or otherwise, of the 

  
 47 

 
Purchase Contract by the Company or its trustee, receiver, liquidator or a person or entity performing similar functions in the event that the Company becomes a debtor under the Bankruptcy Code
or subject to other similar state or Federal law providing for reorganization or liquidation and (b) agreed with the Company, the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities Intermediary that the
transaction contemplated by the Purchase Contract constitutes a “swap agreement” within the meaning of Section 101 (53B) of the Bankruptcy Code and that each such Holder shall constitute a “swap participant” within the
meaning of Section 101 (53C) of the Bankruptcy Code. 
 Section 3.18. Substitutions. Whenever a Holder has the right
to substitute Cash or Notes underlying Applicable Ownership Interests in Notes, as the case may be, or security entitlements for any of them for financial assets held in the Collateral Account, such substitution shall not constitute a novation of
the security interest created hereby. 
 ARTICLE 4 

THE NOTES 

Section 4.01. Payments; Rights to Payments Preserved. (a) The Collateral Agent shall transfer all income and distributions
received by it on account of the Notes underlying Pledged Applicable Ownership Interests in Notes (if the Pledged Notes are in the name of the Collateral Agent), the Pledged Applicable Ownership Interests in the Treasury Portfolio, the Treasury
Securities or Permitted Investments from time to time held in the Collateral Account to the Purchase Contract Agent for distribution to the applicable Holders as provided in this Agreement and the Purchase Contracts. 

(b) Any payment on any Note underlying Applicable Ownership Interests in Notes or any distribution on any Applicable Ownership Interests in
the Treasury Portfolio (as specified in clause (ii) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be, which is paid on or immediately prior to any Payment Date shall, subject to receipt thereof
by the Purchase Contract Agent from the Company or from the Collateral Agent as provided in Section 4.01(a) above, be paid on the related Payment Date to the Person in whose name the Corporate Units Certificate (or one or more Predecessor
Corporate Units Certificates) of which such Applicable Ownership Interest in Notes or Applicable Ownership Interests in the Treasury Portfolio, as the case may be, forms a part is registered at the close of business on the Record Date for such
Payment Date. 
 (c) Each Corporate Units Certificate evidencing Applicable Ownership Interests in Notes or Applicable Ownership Interests
in the Treasury Portfolio delivered under this Agreement upon registration of transfer of or in exchange for 

  
 48 

 
or in lieu of any other Corporate Units Certificate shall carry the right to accrued and unpaid interest or distributions, and to accrued interest or distributions, which were carried by
Applicable Ownership Interests in Notes or Applicable Ownership Interests in the Treasury Portfolio underlying such other Corporate Units Certificate. 

(d) In the case of any Corporate Unit with respect to which (1) Early Settlement of the underlying Purchase Contract is properly effected
pursuant to Section 5.06 hereof, (2) Fundamental Change Early Settlement of the underlying Purchase Contract is properly effected pursuant to Section 5.04 hereof or (3) a Collateral Substitution is properly effected pursuant to
Section 3.13 or Section 3.14, in each case on a date that is after any Record Date and prior to or on the next succeeding Payment Date, interest in respect of the Notes underlying Applicable Ownership Interests in Notes or distributions on
Applicable Ownership Interests in the Treasury Portfolio, as the case may be, underlying such Corporate Unit otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Early Settlement, Fundamental Change Early
Settlement or Collateral Substitution, and such payment or distributions shall, subject to receipt thereof by the Purchase Contract Agent, be payable to the Person in whose name the Corporate Units Certificate (or one or more Predecessor Corporate
Units Certificates) was registered at the close of business on the Record Date. 
 (e) In the case of any Treasury Unit with respect to
which (1) Early Settlement of the underlying Purchase Contract is properly effected pursuant to Section 5.06 hereof, (2) Fundamental Change Early Settlement of the underlying Purchase Contract is properly effected pursuant to
Section 5.04 hereof or (3) a Collateral Substitution is properly effected pursuant to Section 3.15, in each case on a date that is after any Record Date and prior to or on the next succeeding Payment Date, distributions in respect of
the Treasury Securities underlying such Treasury Unit otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Early Settlement, Fundamental Change Early Settlement or Collateral Substitution, and such
payment or distributions shall, subject to receipt thereof by the Purchase Contract Agent, be payable to the Person in whose name the Treasury Units Certificate (or one or more Predecessor Treasury Units Certificates) was registered at the close of
business on the Record Date. 
 (f) Except as otherwise expressly provided in Section 4.01(d) hereof, in the case of any Corporate Unit
with respect to which Early Settlement or Fundamental Change Early Settlement of the component Purchase Contract is properly effected, or with respect to which a Collateral Substitution has been effected, payments attributable to the Notes
underlying Applicable Ownership Interests in Notes or distributions on Applicable Ownership Interests in the Treasury Portfolio, as the case may be, that would otherwise be payable on or 

  
 49 

 
made after the Purchase Contract Settlement Date, Early Settlement Date, Fundamental Change Early Settlement Date or the date of the Collateral Substitution, as the case may be, shall not be
payable hereunder to the Holder of such Corporate Units; provided, however, that to the extent that such Holder continues to hold Separate Notes or Applicable Ownership Interests in the Treasury Portfolio that formerly comprised a part of
such Holder’s Corporate Units, such Holder shall be entitled to receive interest on such Separate Notes or distributions on such Applicable Ownership Interests in the Treasury Portfolio. 

Section 4.02. Payments Prior to or on Purchase Contract Settlement Date. (a) Subject to the provisions of Section 5.02,
Section 5.04 and Section 5.06, and except as provided in Section 4.02(b) below, if no Termination Event shall have occurred, all payments received by the Securities Intermediary in respect of (1) the principal amount of the Notes
underlying Pledged Applicable Ownership Interests in Notes and (2) the Pledged Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury
Portfolio), shall be credited to the Collateral Account, to be invested in Permitted Investments until the Purchase Contract Settlement Date and transferred to the Company on the Purchase Contract Settlement Date as provided in Section 5.02
hereof. Any balance remaining in the Collateral Account shall be released from the Pledge and transferred to the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective
interests, free and clear of the Pledge created hereby. The Company shall instruct the Collateral Agent in writing as to the specific Permitted Investments in which any payments made under this Section 4.02 shall be invested, provided,
however, that if the Company fails to deliver such instructions by 10:30 a.m. (New York City time) on the day such payments are received by the Securities Intermediary, such payments shall remain uninvested, and provided, further,
however, that all Permitted Investments shall mature on or prior to the Purchase Contract Settlement Date. In no event shall the Collateral Agent or the Securities Intermediary be liable for the selection of Permitted Investments or for
investment losses incurred thereon. Neither the Collateral Agent nor the Securities Intermediary shall have any liability in respect of losses incurred based on acting or omitting to act under this Section 4.02(a) pursuant to any direction of
the Company or as a result of the failure of the Company to provide timely written investment direction. Any interest or other income received on such investment and reinvestment of the funds shall become part of the Collateral Account and any
losses incurred on such investment and reinvestment of the funds shall be debited against the Collateral Account. For the avoidance of doubt, no such losses shall affect the Company’s obligations under Article 5 and Holders’ obligations
shall remain subject to Section 5.02(j). It is agreed and understood that the entity serving as Securities Intermediary may earn fees associated with the investments outlined above in accordance with the terms of such investments. In no event
shall the Securities Intermediary or the Collateral Agent be deemed an investment manager or adviser in respect of any selection of investments hereunder. 

  
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 (b) All payments received by the Securities Intermediary in respect of (1) the Notes,
(2) the Applicable Ownership Interests in the Treasury Portfolio and (3) the Treasury Securities or security entitlements with respect thereto, that, in each case, have been released from the Pledge pursuant hereto shall be transferred to
the Purchase Contract Agent for the benefit of the applicable Holders for distribution to such Holders in accordance with their respective interests and the terms of this Agreement. 

Section 4.03. Notice and Voting. (a) Subject to Section 4.03(b) hereof, the Purchase Contract Agent may exercise, or
refrain from exercising, any and all voting and other consensual rights pertaining to the Notes underlying Pledged Applicable Ownership Interests in Notes or any part thereof for any purpose not inconsistent with the terms of this Agreement;
provided that the Purchase Contract Agent shall not exercise or shall not refrain from exercising such right, as the case may be, if, in the judgment of the Purchase Contract Agent, such action would impair or otherwise have a material
adverse effect on the value of all or any of the Notes underlying Pledged Applicable Ownership Interests in Notes (it being understood and agreed that the Purchase Contract Agent shall have no affirmative duty to determine whether in its judgment
such action would impair or otherwise have a material adverse effect on the value of all or any of the Notes underlying Pledged Applicable Ownership Interests in Notes); and provided further that the Purchase Contract Agent shall give the
Company and the Collateral Agent at least five Business Days’ prior written notice of the manner in which it intends to exercise, or its reasons for refraining from exercising, any such right. Upon receipt of any notices and other
communications in respect of any Notes underlying Pledged Applicable Ownership Interests in Notes, including either notice of any meeting at which holders of the Notes are entitled to vote or the solicitation of consents, waivers or proxies of
holders of the Notes, the Collateral Agent shall send promptly to the Purchase Contract Agent such notice or communication, and as soon as reasonably practicable after receipt of a written request therefor from the Purchase Contract Agent, to
execute and deliver to the Purchase Contract Agent such proxies and other instruments in respect of such Notes underlying Pledged Applicable Ownership Interests in Notes (in commercially reasonable form and substance) as are prepared by the Company
and delivered to the Purchase Contract Agent with respect to the Notes underlying Pledged Applicable Ownership Interests in Notes. 
 (b)
Upon receipt of notice of any meeting at which holders of Notes are entitled to vote or upon any solicitation of consents, waivers or proxies of holders of Notes, the Purchase Contract Agent shall, as soon as practicable thereafter, mail, first
class, postage pre-paid, to the Holders of Corporate Units a notice: 
 (i) containing such information as is contained in
the notice or solicitation; 

  
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 (ii) stating that each Holder on the record date set by the Purchase Contract
Agent therefor (which, to the extent possible, shall be the same date as the record date set by the Company for determining the holders of Notes entitled to vote) shall be entitled to instruct the Purchase Contract Agent as to the exercise of the
voting rights pertaining to the Notes underlying Applicable Ownership Interests in Notes that are a component of their Corporate Units; and 

(iii) stating the manner in which such instructions may be given. 

Upon the written request of the Holders of Corporate Units on such record date received by the Purchase Contract Agent at least six days prior
to such meeting or the expiration date of any consent solicitation, the Purchase Contract Agent shall endeavor insofar as practicable to vote or cause to be voted or to consent with respect to, in accordance with the instructions set forth in such
requests, the maximum aggregate principal amount of Notes as to which any particular voting or consenting instructions are received. In the absence of specific instructions from the Holder of Corporate Units, the Purchase Contract Agent shall
abstain from voting or consenting with respect to the Notes underlying Applicable Ownership Interests in Notes that are a component of such Corporate Units. The Company hereby agrees, if applicable, to solicit Holders of Corporate Units to timely
instruct the Purchase Contract Agent as to the exercise of such voting or consenting rights in order to enable the Purchase Contract Agent to vote or consent with respect to such Notes. 

(c) The Holders of Corporate Units, the Holders of Cash Settled Units and the Holders of Treasury Units shall, in their capacity as Holders,
have no voting rights, rights to dividends or other distributions or other rights in respect of Common Stock. 
 Section 4.04.
Payments to Purchase Contract Agent. The Securities Intermediary shall use commercially reasonable efforts to deliver any payments required to be made by it to the Purchase Contract Agent hereunder to the account designated by the Purchase
Contract Agent for such purpose not later than 12:00 p.m. (New York City time) on the Business Day such payment is received by the Securities Intermediary; provided, however, that if such payment is received on a day that is not a Business
Day or after 11:00 a.m. (New York City time) on a Business Day, then the Securities Intermediary shall use commercially reasonable efforts to deliver such payment to the Purchase Contract Agent no later than 10:30 a.m. (New York City time) on the
next succeeding Business Day. 

  
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 Section 4.05. Payments Held In Trust. If the Purchase Contract Agent or any Holder
shall receive any payments on account of financial assets credited to the Collateral Account (other than interest on the Notes or distributions on the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (ii) of the
definition thereof)) and not released therefrom in accordance with this Agreement, the Purchase Contract Agent or such Holder shall hold such payments as trustee of an express trust for the benefit of the Company and, upon receipt of an
Officer’s Certificate of the Company so directing, promptly deliver such payments to the Securities Intermediary for credit to the Collateral Account or to the Company for application to the Obligations of the applicable Holder or Holders, and
the Purchase Contract Agent and Holders shall acquire no right, title or interest in any such payments of principal amounts so received. The Purchase Contract Agent shall have no liability under this Section 4.05 unless and until it has been
notified in writing that such payment was delivered to it erroneously and shall have no liability for any action taken, suffered or omitted to be taken prior to its receipt of such notice. 

ARTICLE 5 

THE PURCHASE CONTRACTS 

Section 5.01. Purchase of Shares of Common Stock. (a) Each Purchase Contract shall obligate the Holder of the related Unit to
purchase, and the Company to sell, on the Purchase Contract Settlement Date at a price equal to the Stated Amount (the “Purchase Price”), a number of shares of Common Stock equal to the Settlement Rate, together with Cash, if
applicable, in lieu of any fractional share of Common Stock in accordance with Section 5.07, unless an Early Settlement Date, a Fundamental Change Early Settlement or a Termination Event with respect to the Units of which such Purchase Contract
is a part shall have occurred, subject to Section 5.04. 
 The “Settlement Rate” is determined as follows: 

(i) if the Applicable Market Value is less than or equal to $80.65 (subject to adjustment, as set forth in Section 5.11,
the “Reference Price”), the Settlement Rate shall be 1.2399 shares of Common Stock (such Settlement Rate, subject to adjustment as provided in Section 5.11, the “Maximum Settlement Rate”); 

(ii) if the Applicable Market Value is greater than the Reference Price but less than $98.80 (subject to adjustment, as set
forth in Section 5.11, the “Threshold Appreciation Price”), the Settlement Rate shall be a number of shares of Common Stock equal to the Stated Amount, divided by the Applicable Market Value, rounded to the nearest
1/10,000th of a share; and 

  
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 (iii) if the Applicable Market Value is equal to or greater than the Threshold
Appreciation Price, the Settlement Rate shall be 1.0122 shares of Common Stock (such Settlement Rate, subject to adjustment as provided in Section 5.11, the “Minimum Settlement Rate”). 

The Maximum Settlement Rate, Minimum Settlement Rate and the Applicable Market Value (as defined below) are subject to adjustment as provided
in Section 5.11 (and, in the case of each Fixed Settlement Rate, shall be rounded upward or downward to. the nearest 1/10,000th of a share). 

(b) Each Holder of a Corporate Unit, a Treasury Unit or a Cash Settled Unit, by its acceptance of such Unit: 

(i) irrevocably authorizes the Purchase Contract Agent to enter into and perform the related Purchase Contract on its behalf
as its attorney-in-fact (including, without limitation, the execution of Certificates in the name of and on behalf of such Holder); 

(ii) agrees to be bound by the terms and provisions of such Unit, including but not limited to the terms and provisions of the
Purchase Contract and this Agreement; 
 (iii) covenants and agrees to perform its obligations under such Purchase Contract
and under this Agreement for so long as such Holder remains a Holder of a Corporate Unit, a Treasury Unit or a Cash Settled Unit; 

(iv) consents to the provisions hereof, 

(v) irrevocably authorizes the Purchase Contract Agent to enter into and perform this Agreement on its behalf and in its name
as its attorney-in-fact; 
 (vi) consents to, and agrees to be bound by, the Pledge of such Holder’s right, title and
interest in and to the Collateral, including the Applicable Ownership Interests in Notes and the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of such term), the Treasury Securities or
the Cash pursuant to this Agreement, and the delivery of the Notes underlying such Applicable Ownership Interests in Notes by the Purchase Contract Agent to the Collateral Agent; and 

(vii) for United States federal income tax purposes, agrees to (A) treat its acquisition of the Corporate Units as an
acquisition of the Applicable Ownership Interests in Notes and Purchase Contracts 

  
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constituting the Corporate Units, (B) treat the Notes underlying such Applicable Ownership Interests in Notes as indebtedness of the Company and (C) treat itself as the owner of the
applicable interests in the Collateral, including the Applicable Ownership Interests in Notes, the Applicable Ownership Interests in the Treasury Portfolio, the Treasury Securities or the Cash, as applicable; 

provided that upon a Termination Event, the rights of the Holder of such Units under the Purchase Contract may be enforced without regard to any other
rights or obligations. 
 (c) Each Holder of a Corporate Unit, a Treasury Unit or a Cash Settled Unit, by its acceptance thereof, further
covenants and agrees that to the extent and in the manner provided in Section 5.02 hereof, but subject to the terms thereof, on the Purchase Contract Settlement Date Proceeds of the Pledged Applicable Ownership Interests in Notes, the Pledged
Applicable Ownership Interests in the Treasury Portfolio, the Treasury Securities or the Pledged Cash, as applicable, equal to the Purchase Price shall be paid by the Collateral Agent, upon the written direction of the Company, to the Company in
satisfaction of such Holder’s obligations under such Purchase Contract and such Holder shall acquire no right, title or interest in such Proceeds. 

(d) Upon registration of transfer of a Certificate, the transferee shall be bound (without the necessity of any other action on the part of
such transferee) by the terms of this Agreement and the Purchase Contracts underlying such Certificate and the transferor shall be released from the obligations under this Agreement and the Purchase Contracts underlying the Certificate so
transferred. The Company covenants and agrees, and each Holder of a Certificate, by its acceptance thereof, likewise covenants and agrees, to be bound by the provisions of this paragraph. 

Section 5.02. Remarketing; Notices; Separate Notes; Registration; Payment of Purchase Price. 

(a) Optional Remarketing. (i) Unless a Termination Event has occurred, the Company may elect, at its option, to engage the
Remarketing Agent(s), pursuant to the terms of the Remarketing Agreement, to remarket the aggregate Notes underlying the aggregate Applicable Ownership Interests in Notes that are components of Corporate Units, along with any Separate Notes, the
holders of which have elected to participate in such remarketing pursuant to the Indenture and Section 5.02(e) below over a period of five consecutive Business Days (each such period, an “Optional Remarketing Period”) selected
by the Company that falls during the Optional Remarketing Window. 

  
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 (ii) The Company shall notify the Purchase Contract Agent and the Custodial
Agent and request that the Depositary notify the Depositary Participants holding Corporate Units, Treasury Units and Separate Notes of the Company’s election to conduct an Optional Remarketing no later than fifteen (15) calendar days prior
to the first day of an Optional Remarketing Period. 
 (iii) If the Company elects to conduct an Optional Remarketing, by
11:00 a.m. (New York City time) on the Business Day immediately preceding the first day of an Optional Remarketing Period, the Purchase Contract Agent shall notify the Remarketing Agent(s) in writing of the aggregate principal amount of Notes
underlying the Pledged Applicable Ownership Interests in Notes that are a part of the Corporate Units to be remarketed, and the Custodial Agent shall notify in writing the Remarketing Agent(s) of the aggregate principal amount of Separate Notes (if
any) to be remarketed pursuant to Section 5.02(e) below. Pursuant to, and subject to the terms of, the Remarketing Agreement, upon receipt of such notices from the Purchase Contract Agent and the Custodial Agent, the Remarketing Agent(s) will
use its reasonable best efforts to remarket such Notes at the applicable Remarketing Price. 
 (iv) If the Remarketing
Agent(s) is able to remarket such Notes for at least the applicable Remarketing Price in any Optional Remarketing in accordance with the Remarketing Agreement (a “Successful Optional Remarketing”), the Collateral Agent shall cause
the Securities Intermediary, upon receipt of written instructions from the Company, to transfer to the Remarketing Agent(s) the remarketed Notes underlying the Pledged Applicable Ownership Interests in Notes upon confirmation of deposit to the
Collateral Account of proceeds of such Successful Optional Remarketing attributable to such Notes, and the Custodial Agent shall transfer the remarketed Separate Notes to the Remarketing Agent(s) upon confirmation of receipt of proceeds of such
Successful Optional Remarketing attributable to such Separate Notes. Settlement shall occur on the Optional Remarketing Settlement Date. Upon deposit in the Collateral Account of such proceeds attributable to the remarketed Notes underlying the
Pledged Applicable Ownership Interest in Notes, the Collateral Agent shall, upon receipt of written instructions from the Company, (A) instruct the Securities Intermediary to apply an amount equal to the Treasury Portfolio Purchase Price to
purchase the Treasury Portfolio from the Quotation Agent (the amount and issue of the U.S. Treasury securities (or principal or interest strips thereof) constituting the Treasury Portfolio to be determined by the Remarketing Agent(s)),
(B) credit to the Collateral Account the Applicable Ownership Interests in the Treasury Portfolio, and (C) promptly remit any remaining portion of such proceeds to the Purchase Contract Agent for payment to the Holders of Corporate Units,

  
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whereupon the Purchase Contract Agent shall make such payment on the Optional Remarketing Settlement Date to the Holders whose Notes underlying the Pledged Applicable Ownership Interests in Notes
were remarketed pro rata in accordance with their respective interests. With respect to any Separate Notes remarketed, the Custodial Agent shall remit such proceeds of the Successful Optional Remarketing received from the Remarketing Agent(s) to
Holders of such Separate Notes on the Optional Remarketing Settlement Date. 
 (v) Following the occurrence of a Successful
Optional Remarketing, the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of such term) will be substituted as Collateral for the Pledged Applicable Ownership Interests in Notes and will be held by the
Collateral Agent in accordance with the terms hereof to secure the Obligation of each Holder of Corporate Units, and the Holders of Corporate Units and the Collateral Agent shall have such security interests, rights and obligations with respect to
the Applicable Ownership Interests in the Treasury Portfolio (as defined in clause (i) of such term) as the Holder of Corporate Units and the Collateral Agent had in respect of the Pledged Applicable Ownership Interests in Notes, subject to the
Pledge thereof. Any reference in this Agreement or the Certificates to the Pledged Applicable Ownership Interests in Notes shall thereupon be deemed to be a reference to such Applicable Ownership Interests in the Treasury Portfolio (as defined in
clause (i) of such term). The Company may cause to be made in any Corporate Units Certificates thereafter to be issued such change in phraseology and form (but not in substance) as may be appropriate to reflect the substitution of the
Applicable Ownership Interests in the Treasury Portfolio (as defined in clause (i) of such term) for the Pledged Applicable Ownership Interests in Notes as Collateral. 

(vi) If, in spite of its reasonable best efforts, the Remarketing Agent(s) cannot remarket the Notes as set forth above during
the Optional Remarketing Period at a price not less than the applicable Remarketing Price or a condition precedent set forth in the Remarketing Agreement is not fulfilled, the Optional Remarketing will be deemed to have been unsuccessful (an
“Unsuccessful Optional Remarketing”). Promptly after receipt of written notice from the Company of an Unsuccessful Optional Remarketing, the Custodial Agent will return Separate Notes to the appropriate Holders. 

(vii) If the Company elects to remarket the Notes during the Optional Remarketing Period and a Successful Optional Remarketing
has not occurred on or prior to the last day of the Optional Remarketing Period, the Company shall cause a notice of the Unsuccessful Optional Remarketing to be published before the open of business on the Business

  
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Day immediately following the last date of the Optional Remarketing Period. This notice shall be validly published by making a timely release to any appropriate news agency, including, without
limitation, Bloomberg Business News and the Dow Jones News Service. The Company shall similarly cause a notice of a Successful Optional Remarketing to be published before the open of business on the Business Day immediately following the date of
such Successful Optional Remarketing. 
 (b) Final Remarketing. (i) Unless a Termination Event or a Successful Optional
Remarketing has occurred, in order to dispose of the Notes underlying Pledged Applicable Ownership Interests in Notes of any Holders of Corporate Units, the Company shall engage the Remarketing Agent(s), pursuant to the terms of the Remarketing
Agreement, to use its reasonable best efforts to remarket such Notes, along with any Separate Notes, the holders of which have elected to participate in the Final Remarketing pursuant to Section 5.02(e) below, during the Final Remarketing
Period. 
 (ii) The Company shall notify the Purchase Contract Agent and the Custodial Agent and request that the Depositary
notify the Depositary Participants holding Corporate Units, Treasury Units and Separate Notes of the Final Remarketing no later than October 21, 2016. 

(iii) The Purchase Contract Agent shall notify the Remarketing Agent(s) in writing, promptly after the close of business on
the Business Day immediately preceding the first day of the Final Remarketing Period, of the aggregate principal amount of Notes underlying the Pledged Applicable Ownership Interests in Notes that are to be remarketed, and the Custodial Agent shall
notify in writing the Remarketing Agent(s) of the aggregate principal amount of Separate Notes (if any) to be remarketed pursuant to Section 5.02(e) below. 

(iv) The Company may postpone the Final Remarketing in its absolute discretion on any day prior to the last three Business
Days of the Final Remarketing Period. The Company will promptly furnish notice of any such postponement to the Purchase Contract Agent. 

(v) If the Remarketing Agent(s) is able to remarket such Notes and the Separate Notes (if any) for at least the applicable
Remarketing Price in any Final Remarketing in accordance with the Remarketing Agreement (a “Successful Final Remarketing”), the Collateral Agent shall, upon receipt of written instructions from the Company, cause the Securities
Intermediary to transfer to the Remarketing Agent(s) the remarketed Notes underlying the Pledged Applicable Ownership Interests in Notes upon confirmation of deposit to the Collateral Account of proceeds of such Successful Final Remarketing
attributable to such Notes, 

  
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and the Custodial Agent shall transfer the remarketed Separate Notes to the Remarketing Agent(s) upon confirmation of receipt of proceeds of such Successful Final Remarketing attributable to such
Separate Notes. Settlement shall occur on the Remarketing Settlement Date. Upon deposit in the Collateral Account of such proceeds, the Collateral Agent shall, on the Purchase Contract Settlement Date, in consultation with the Purchase Contract
Agent and upon direction of the Company, instruct the Securities Intermediary to remit a portion of such proceeds equal to the aggregate principal amount of such Notes to satisfy in full the Obligations of Holders of Corporate Units to pay the
Purchase Price for the shares of Common Stock under the related Purchase Contracts, and promptly remit the balance of such proceeds to the Purchase Contract Agent for payment to the Holders of Corporate Units whose Notes underlying the Pledged
Applicable Ownership Interests in Notes were remarketed, whereupon the Purchase Contract Agent shall make such payment on the Purchase Contract Settlement Date pro rata in accordance with their respective interests. With respect to any Separate
Notes remarketed, the Custodial Agent shall remit such proceeds of the Successful Final Remarketing received from the Remarketing Agent(s) pro rata to Holders of such Separate Notes on the Purchase Contract Settlement Date. 

(vi) In connection with any Successful Final Remarketing, the Company shall cause all accrued and unpaid Deferred Interest
(including compounded interest thereon) to be paid to the Holders (whether or not such Notes were remarketed in such Successful Final Remarketing) on the Purchase Contract Settlement Date in Cash. 

(vii) If, in spite of its reasonable best efforts, the Remarketing Agent(s) cannot remarket the Notes during the Final
Remarketing Period at a price equal to or greater than the applicable Remarketing Price or a condition precedent set forth in the Remarketing Agreement is not fulfilled, the remarketing will be deemed to have been unsuccessful (an
“Unsuccessful Final Remarketing”). The Company shall cause a notice of the Unsuccessful Final Remarketing to be published before the open of business on the Business Day immediately following the last date of the Final Remarketing
Period. This notice shall be validly published by making a timely release to any appropriate news agency, including, without limitation, Bloomberg Business News and the Dow Jones News Service. 

Following an Unsuccessful Final Remarketing, as of the Purchase Contract Settlement Date, each Holder of any Pledged Applicable
Ownership Interests in Notes shall be deemed to have exercised such Holder’s Put Right with respect to the Notes underlying such Pledged Applicable Ownership Interests in Notes and to have elected to apply a

  
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portion of the Proceeds equal to the principal amount of the Notes against such Holder’s obligation to pay the aggregate Purchase Price for the shares of Common Stock to be issued under the
related Purchase Contracts in full satisfaction of such Holder’s Obligations under such Purchase Contracts. Following such application, each such Holder’s Obligations, including to pay the Purchase Price for the shares of Common Stock,
will be deemed to be satisfied in full, and the Collateral Agent shall, upon receipt of written instructions from the Company, cause the Securities Intermediary to release the Notes underlying such Pledged Applicable Ownership Interests in Notes
from the Collateral Account and shall promptly transfer such Notes to the Company. Thereafter, the Collateral Agent shall promptly remit the remaining portion of the Proceeds of the Holder’s exercise of the Put Right in excess of the aggregate
Purchase Price for the shares of Common Stock to be issued under such Purchase Contracts to the Purchase Contract Agent for payment to the Holder of the Corporate Units to which such Applicable Ownership Interests in Notes relate. 

Following an Unsuccessful Final Remarketing, as of the Purchase Contract Settlement Date, each Holder of Treasury Units shall
be deemed to have elected to apply a portion of the Cash constituting such Holder’s Pro Rata Portions of the Treasury Unit Collateral equal to the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under the
related Purchase Contracts to satisfy such Holder’s obligation to pay such aggregate Purchase Price in full satisfaction of such Holder’s Obligations under such Purchase Contracts. Following such application, each such Holder’s
Obligations, including to pay the Purchase Price for the shares of Convertible Preferred Stock, will be deemed to be satisfied in full, and the Collateral Agent shall, upon receipt of written instructions from the Company, cause the Securities
Intermediary to release such Cash from the Collateral Account and shall promptly transfer such Cash to the Company. Thereafter, the Collateral Agent shall promptly remit the remaining Cash constituting the Holder’s Pro Rata Portions of the
Treasury Unit Collateral in excess of the aggregate Purchase Price for the shares of Convertible Preferred Stock to be issued under such Purchase Contracts to the Purchase Contract Agent for payment to the Holder of the Treasury Units to which such
Pro Rata Portions of the Treasury Unit Collateral relate. 
 Following an Unsuccessful Final Remarketing, as of the Purchase
Contract Settlement Date, each Holder of Cash Settled Units shall be deemed to have elected to apply the Cash component of such Holder’s Cash Settled Units to satisfy such Holder’s obligation to pay the aggregate Purchase Price for the
shares of Common Stock to be issued under the related Purchase Contracts in full satisfaction of such Holder’s Obligations 

  
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under such Purchase Contracts. Following such application, each such Holder’s Obligations, including to pay the Purchase Price for the shares of Common Stock, will be deemed to be satisfied
in full, and the Collateral Agent shall, upon receipt of written instructions from the Company, cause the Securities Intermediary to release such Cash from the Collateral Account and shall promptly transfer such Cash to the Company. 

For the avoidance of doubt, nothing in this Section 5.02(b)(iv) shall prevent holders of Separate Notes from exercising
their Put Right after an Unsuccessful Final Remarketing. 
 (c) In connection with an Optional Remarketing or the Final Remarketing
(i) interest on the remarketed Notes will be payable semi-annually in arrears, commencing on an interest payment date for the Notes selected by the Remarketing Agent(s) in consultation with the Company, (ii) the interest deferral
provisions of the remarketed Notes shall not apply and (iii) the remarketed Notes shall rank senior to all of the Company’s existing and future junior subordinated indebtedness and junior to all of the Company’s existing and future
Senior Indebtedness. 
 (d) In connection with any Remarketing, the Remarketing Agent(s), in consultation with the Company and in accordance
with the Remarketing Agreement, may elect to reset the Interest Rate on the remarketed Notes. In addition, pursuant to the terms of the Indenture, in connection with any Remarketing, (i) the notes will rank senior to all existing and future
unsecured junior subordinated obligations of the Company and junior to all existing and future senior indebtedness of the Company and (ii) interest will be payable semi-annually in arrears, commencing on the immediately following
February 17, May 17, August 17 or November 17 as selected by the Company in consultation with the Remarketing Agent(s). These modifications shall become effective if the Remarketing is successful, without the consent of
the Holders, upon the Remarketing Settlement Date. If a Successful Remarketing occurs, the Company will request the Depositary to notify the Depositary Participants holding Notes of the Reset Rate, interest payment dates and ranking for the
remarketed Notes on the Business Day following the date of the Successful Remarketing. 
 (e) Prior to the close of business on the second
Business Day immediately preceding an Applicable Remarketing Period, other than during a Blackout Period, Holders of Separate Notes may elect to have their Separate Notes remarketed in such Remarketing in the same manner as the Notes by delivering
their Separate Notes along with a notice of this election, substantially in the form of Exhibit M attached hereto, to the Custodial Agent. After such time, such election shall become an irrevocable election to have such Separate Notes remarketed in
all Remarketings to occur in the Applicable Remarketing Period. The Custodial Agent shall hold the Separate Notes in an account separate from 

  
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the collateral account in which the Notes shall be held. Holders electing to have their Notes remarketed shall also have the right to withdraw the election by written notice to the Collateral
Agent, substantially in the form of Exhibit N hereto, at any time prior to the close of business on the second Business Day immediately preceding the first day of the Applicable Remarketing Period. In the event of a Successful Remarketing during the
Optional Remarketing Period, each holder of Separate Notes that elects to have its Notes remarketed shall receive for each $1,000 principal amount of Notes, the Remarketing Price Per Note. In the event of a Successful Remarketing during the Final
Remarketing Period, each holder of Separate Notes that elects to have its Notes remarketed shall receive an amount, for each $1,000 principal amount of Notes, equal to $1,000 in Cash. Any accrued and unpaid interest on such Notes, including any
accrued and unpaid Deferred Interest (including compounded interest thereon), shall be paid in Cash by the Company on the Purchase Contract Settlement Date. 

(f) For the avoidance of doubt, the right of each holder of the Notes underlying the aggregate Applicable Ownership Interests in Notes that
are components of Corporate Units and the Separate Notes, the holders of which have elected to participate in any Remarketing, to have such Notes remarketed and sold on any Remarketing Date shall be subject to the conditions that (i)(1) the
Remarketing Agent(s) conducts an Optional Remarketing, or (2) in the case of the Final Remarketing, that no Successful Optional Remarketing has occurred, each pursuant to the terms of this Agreement, (ii) a Termination Event has not
occurred prior to such Remarketing Date, (iii) the Remarketing Agent(s) is able to find a purchaser or purchasers for such Notes at the applicable Remarketing Price based on the Reset Rate, and (iv) such purchaser or purchasers deliver the
purchase price therefor to the Remarketing Agent(s) as and when required. 
 (g) The Company agrees to use its commercially reasonable
efforts to ensure that, if required by applicable law, a registration statement, including a prospectus, under the Securities Act with regard to the full amount of the Notes to be remarketed in each Remarketing in each case shall be effective with
the Securities and Exchange Commission in a form that may be used by the Remarketing Agent(s) in connection with such Remarketing (unless such registration statement is not required under the applicable laws and regulations that are in effect at
that time or unless the Company conducts any Remarketing in accordance with an exemption under the securities laws). 
 (h) The Company will
separately pay the Remarketing Fee to the Remarketing Agent(s) for its service in connection with any Successful Remarketing. Holders whose Notes are remarketed will not be responsible for the payment of any Remarketing Fee. 

(i) In the case of a Treasury Unit or a Corporate Unit (if Applicable Ownership Interests in the Treasury Portfolio have replaced the
Applicable 

  
 62 

 
Ownership Interests in Notes as a component of such Corporate Unit), if the pledged Treasury Securities or the appropriate Pledged Applicable Ownership Interests in the Treasury Portfolio held by
the Securities Intermediary mature prior to the Purchase Contract Settlement Date, the principal amount of the Treasury Securities or the appropriate Pledged Applicable Ownership Interests in the Treasury Portfolio received by the Securities
Intermediary shall be placed in the Collateral Account. On the Purchase Contract Settlement Date, an amount equal to the Purchase Price for all related Purchase Contracts shall be remitted to the Company as payment of such Holder’s Obligations
under such Purchase Contracts without receiving any instructions from the Holder. In the event the sum of the Proceeds from the related pledged Treasury Securities or the related Pledged Applicable Ownership Interests in the Treasury Portfolio is in
excess of the aggregate Purchase Price, the Collateral Agent shall cause the Securities Intermediary to distribute such excess, when received by the Securities Intermediary, to the Purchase Contract Agent for the benefit of the Holder of the related
Treasury Units or Corporate Units, as applicable. 
 (j) The obligations of the Holders to pay the Purchase Price are non-recourse
obligations and, except to the extent satisfied by Early Settlement, or Fundamental Change Early Settlement or terminated upon a Termination Event, are payable solely out of the proceeds of any Collateral pledged to secure the obligations of the
Holders, and in no event will Holders be liable for any deficiency between the proceeds of the disposition of Collateral and the Purchase Price. 

(k) The Company shall not be obligated to issue any shares of Common Stock in respect of a Purchase Contract or deliver any certificates
thereof to the Holder of the related Units unless the Company shall have received, subject to Section 5.02(j), payment for the Common Stock to be purchased thereunder in the manner herein set forth. 

Section 5.03. Issuance of Shares of Common Stock. Unless a Termination Event, an Early Settlement or a Fundamental Change Early
Settlement shall have occurred, on the Purchase Contract Settlement Date, upon receipt of the aggregate Purchase Price payable on all Outstanding Units in accordance with Section 5.02, the Company shall issue and deposit with the Purchase
Contract Agent, for the benefit of the Holders of the Outstanding Units, one or more certificates representing newly issued shares of Common Stock registered in the name of the Purchase Contract Agent (or its nominee) as custodian for the Holders to
which the Holders are entitled hereunder; provided, that, in case such Common Stock is to be delivered through the facilities of DTC or another Depositary, the Company shall cause its stock transfer agent to deliver beneficial interests in
such Common Stock on behalf of the Purchase Contract Agent through such facilities to the Holders entitled thereto. 

  
 63 

 Subject to the foregoing, upon presentation and surrender of a Certificate, if in certificated
form, to the Purchase Contract Agent on or after the Purchase Contract Settlement Date, Early Settlement Date or Fundamental Change Early Settlement Date, as the case may be, together with settlement instructions thereon duly completed and executed,
the Holder of such Certificate shall be entitled to receive forthwith in exchange therefor a certificate representing that number of newly issued whole shares of Common Stock which such Holder is entitled to receive pursuant to the provisions of
this Article 5 (after taking into account all Units then held by such Holder), and the Certificate so surrendered shall forthwith be cancelled. Such shares shall be registered in the name of the Holder or the Holder’s designee as specified in
the settlement instructions set forth on the reverse of the Certificate provided by the Holder to the Purchase Contract Agent. If any shares of Common Stock issued in respect of a Purchase Contract are to be registered in the name of a Person other
than the Person in whose name the Certificate evidencing such Purchase Contract is registered (but excluding any Depositary or nominee thereof), no such registration shall be made unless and until the Person requesting such registration has paid any
transfer and other taxes (including any applicable stamp taxes) required by reason of such registration in a name other than that of the registered Holder of the Certificate evidencing such Purchase Contract or has established to the satisfaction of
the Company that such tax either has been paid or is not payable. 
 Section 5.04. Fundamental Change Early Settlement. 

(a) If a Fundamental Change occurs prior to the Purchase Contract Settlement Date, then, following the occurrence of a Fundamental Change,
each Holder of a Unit, subject to the conditions described in this Section 5.04, shall have the right (a “Fundamental Change Early Settlement Right”) to settle (a “Fundamental Change Early Settlement”) its
Purchase Contract early on the Fundamental Change Early Settlement Date at the Settlement Rate determined as if the Applicable Market Value equaled the Stock Price, plus an additional make-whole amount of shares of Common Stock (the
“Make-Whole Shares”), subject to adjustment under Section 5.05(a)(vii), and receive payment of Cash in lieu of any fraction of a share, as provided in Section 5.09; provided that no Fundamental Change Early
Settlement will be permitted pursuant to this Section 5.04(a) unless, at the time such Fundamental Change Early Settlement is effected, there is an effective Registration Statement with respect to any shares of Common Stock to be issued and
delivered in connection with such Fundamental Change Early Settlement, if such a Registration Statement is required (in the view of counsel, which need not be in the form of a written opinion, for the Company) under the Securities Act. If such a
Registration Statement is so required, the Company covenants and agrees to use its commercially reasonable efforts to (x) have in effect a Registration Statement covering the Common Stock and other securities, if any, to be delivered in respect
of the Purchase Contracts being settled and (y) provide a Prospectus in connection therewith, in each case in a form that may be 

  
 64 

 
used in connection with such Fundamental Change Early Settlement (it being understood that if there is a material business transaction or development that has not yet been publicly disclosed, the
Company will not be required to provide such a Prospectus, and the right to effect Fundamental Change Early Settlement will not be available, until the Company has publicly disclosed such transaction or development, provided that the Company
will use its commercially reasonable efforts to make such disclosure as soon as it is commercially reasonable to do so). 
 In the event
that a Holder seeks to exercise its Fundamental Change Early Settlement Right and a Registration Statement is required to be effective in connection with the exercise of such right but no such Registration Statement is then effective, the
Holder’s exercise of such right shall be void unless and until such a Registration Statement shall be effective, but such Holder shall receive consideration calculated as described in this Section 5.04(a) when such Registration Statement
becomes effective; provided that the Fundamental Change Early Settlement Date shall not be so postponed beyond the Purchase Contract Settlement Date. If, but for the proviso in the immediately preceding sentence, the Fundamental Change Early
Settlement Date would occur on or after the Purchase Contract Settlement Date, the Company shall deliver to any Holder on the Purchase Contract Settlement Date the applicable number of Make-Whole Shares in addition to a number of shares of Common
Stock equal to the Settlement Rate, determined as if the Applicable Market Value were equal to the relevant Stock Price. 
 If a Holder
elects a Fundamental Change Early Settlement of some or all of its Purchase Contracts, such Holder shall be entitled to receive, on the Fundamental Change Early Settlement Date, the aggregate amount of any accrued and unpaid Contract Adjustment
Payments (including deferred Contract Adjustment Payments and Compounded Contract Adjustment Payments thereon), with respect to such Purchase Contracts (except when the Fundamental Change Early Settlement Date falls after any Record Date and prior
to the next succeeding Payment Date, in which case Contract Adjustment Payments shall be payable to the Person in whose name a Certificate is registered at the close of business on such Record Date relating to the next succeeding Payment Date). The
Company shall pay such amount as a credit against the amount otherwise payable by such Holder to effect such Fundamental Change Early Settlement. 

Not less than 20 Business Days prior to the anticipated effective date of a Fundamental Change, but in any event not later than the earlier of
(i) two Business Days following the Company’s becoming aware of the occurrence of a Fundamental Change and (ii) the effective date of such Fundamental Change, the Company shall provide notice to Holders and the Purchase Contract Agent
of the anticipated effective date of such Fundamental Change. In addition, the Company shall provide each Holder and the Purchase Contract Agent with notice of a Fundamental Change within five Business Days after the effective date of such
Fundamental Change, which shall specify: 
 (i) the date on which such Fundamental Change Early Settlement shall occur (such
date, the “Fundamental Change Early Settlement Date”) which shall be at least 10 Business Days after the effective date of such Fundamental Change but no later than the earlier of (x) 20 Business Days after the effective date
of such Fundamental Change and (y)one Business Day prior to the first day of the commencement of an Optional Remarketing Period, or, if the Company has not specified an Optional Remarketing Period or the Optional Remarketing is not successful,
(ii) the first day of the commencement of the Final Remarketing Period or, if the Final Remarketing is not successful, (iii) the Purchase Contract Settlement Date; 

  
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 (ii) the date by which Holders must exercise the Fundamental Change Early
Settlement Right; 
 (iii) the applicable Settlement Rate and number of Make-Whole Shares; 

(iv) the amount and kind (per share of Common Stock) of the Cash, securities and other consideration receivable by the Holder
upon Fundamental Change Early Settlement; and 
 (v) and the amount of accrued and unpaid Contract Adjustment Payments
(including any deferred Contract Adjustment Payments thereon), if any, that will be paid to Holders exercising the Fundamental Change Early Settlement Right. 

Notwithstanding the foregoing, if the Final Remarketing Period begins less than ten Business Days following the occurrence of a Fundamental Change, the notice
will specify the Purchase Contract Settlement Date as the Fundamental Change Early Settlement Date. 
 Corporate Units Holders (unless
Applicable Ownership Interests in the Treasury Portfolio have replaced Applicable Ownership Interests in Notes as a component of the Corporate Units) and Treasury Units Holders may only effect Fundamental Change Early Settlement pursuant to this
Section 5.04(a) in integral multiples of 10 Corporate Units or Treasury Units, as the case may be. If Applicable Ownership Interests in the Treasury Portfolio have replaced Applicable Ownership Interests in Notes as a component of the Corporate
Units, Corporate Units Holders may only effect Fundamental Change Early Settlement pursuant to this Section 5.04(a) in integral multiples of such number of Corporate Units as may be determined by the Remarketing Agent(s) upon a Successful

  
 66 

 
Remarketing of Notes, which number shall be provided to a Holder by the Company at the request of such Holder. Other than the provisions relating to timing of notice and settlement, which shall
be as set forth above, the provisions of Section 5.01 shall apply with respect to a Fundamental Change Early Settlement pursuant to this Section 5.04(a). 

In order to exercise the right to effect a Fundamental Change Early Settlement with respect to any Purchase Contracts, the Holder of the
Certificate evidencing Units shall deliver, no later than the close of business on the second Business Day immediately preceding the Fundamental Change Early Settlement Date, such Certificate to the Purchase Contract Agent at the Corporate Trust
Office duly endorsed for transfer to the Company or in blank with the form of Election to Settle Early on the reverse thereof duly completed and accompanied by payment (payable to the Company in immediately available funds) in an amount equal to the
aggregate Purchase Price corresponding to the number of Purchase Contracts with respect to which the Holder has elected to effect Fundamental Change Early Settlement. 

In the event that Units are held by or through DTC or another Depositary, the exercise of the right to effect Fundamental Change Early
Settlement shall occur in conformity with the standing arrangements between DTC or such Depositary and the Purchase Contract Agent. 
 Upon
receipt of such Certificate and payment of such funds, the Purchase Contract Agent shall pay the Company from such funds the related Purchase Price pursuant to the terms of the related Purchase Contracts, and notify the Collateral Agent, pursuant to
a notice in substantially the form of Exhibit O hereto, in writing that all the conditions necessary for a Fundamental Change Early Settlement by a Holder have been satisfied pursuant to which the Purchase Contract Agent has received from such
Holder, and paid to the Company as confirmed in writing by the Company, the related Purchase Price or Notes having an aggregate principal amount equal to such Purchase Price. 

Upon receipt by the Collateral Agent of the written notice from the Purchase Contract Agent set forth in the immediately preceding paragraph,
the Collateral Agent shall release from the Pledge, (1) the Notes underlying the Pledged Applicable Ownership Interests in Notes or the Pledged Applicable Ownership Interests in the Treasury Portfolio or (2) the applicable Treasury
Securities corresponding to the number of Purchase Contracts as to which such Holder of Treasury Units has elected to effect a Fundamental Change Early Settlement, and shall instruct the Securities Intermediary to Transfer all such Pledged
Applicable Ownership Interests in the Treasury Portfolio or Notes underlying Pledged Applicable Ownership Interests in Notes or applicable Proceeds of the Treasury Securities, as the case may be, to the Purchase Contract Agent for distribution to
such Holder, in each case free and clear of the Pledge created hereby. 

  
 67 

 If a Holder properly effects an effective Fundamental Change Early Settlement in accordance with
the provisions of this Section 5.04(a), the Company will deliver (or will cause and instruct the Collateral Agent in writing to deliver) to the Holder on the Fundamental Change Early Settlement Date for each Purchase Contract with respect to
which such Holder has elected Fundamental Change Early Settlement: 
 (i) a number of shares of Common Stock (or Exchange
Property Units, if applicable) equal to the Settlement Rate plus the Make-Whole Shares, if any; 
 (ii) the Notes,
the Applicable Ownership Interests in the Treasury Portfolio or applicable Proceeds of the Treasury Securities, as the case may be, related to each Unit with respect to which the Holder is effecting a Fundamental Change Early Settlement, free and
clear of the Pledge created hereby; and 
 (iii) if so required under the Securities Act, a Prospectus as contemplated by
this Section 5.04(a). 
 For the avoidance of doubt, any accrued and unpaid Contract Adjustment Payments (including any deferred
Contract Adjustment Payments and Compounded Contract Adjustment Payments thereon) with respect to such Purchase Contract to, but excluding, the Fundamental Change Early Settlement Date shall be due and payable by the Company on the Fundamental
Change Early Settlement Date for such Purchase Contract. 
 The Corporate Units or the Treasury Units of the Holders who do not elect
Fundamental Change Early Settlement in accordance with the foregoing will continue to remain outstanding and be subject to settlement on the Purchase Contract Settlement Date in accordance with the terms hereof. 

(b) The number of Make-Whole Shares per Purchase Contract applicable to Fundamental Change Early Settlement shall be determined by reference
to the table below, based on the date on which the Fundamental Change occurs or becomes effective (the “Effective Date”) and the Stock Price in the such Fundamental Change. The “Stock Price” shall be: 

(i) in the case of a Fundamental Change described in clause (i) of the definition thereof where the holders of the Common
Stock receive only Cash in the Fundamental Change, the Cash amount paid per share of the Common Stock; and 

  
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 (ii) in all other cases, the average of the Closing Prices of the Common Stock
for the 10 consecutive Trading Days immediately prior to but not including the Effective Date. 
 The Stock Prices set forth in the first
row of the table (i.e., the column headers) will be adjusted upon the occurrence of any event requiring an anti-dilution adjustment to the Fixed Settlement Rates pursuant to Section 5.11 in a manner inversely proportional to the adjustments to
the Fixed Settlement Rates. Each of the Make-Whole Share amounts in the table will be subject to adjustment in the same manner and at the same time as the Fixed Settlement Rates as set forth in Section 5.11. 

 

																																																																	
	 Effective Date
	 	$	20.00	  	 	$	40.00	  	 	$	60.00	  	 	$	70.00	  	 	$	80.65	  	 	$	85.00	  	 	$	90.00	  	 	$	95.00	  	 	$	98.80	  	 	$	105.00	  	 	$	110.00	  	 	$	125.00	  	 	$	150.00	  	 	$	175.00	  	 	$	200.00	  	 	$	250.00	  
	 December 3, 2013
	 	 	0.5405	  	 	 	0.2535	  	 	 	0.1115	  	 	 	0.0530	  	 	 	0.0000	  	 	 	0.0447	  	 	 	0.0907	  	 	 	0.1320	  	 	 	0.1607	  	 	 	0.1438	  	 	 	0.1321	  	 	 	0.1051	  	 	 	0.0784	  	 	 	0.0635	  	 	 	0.0539	  	 	 	0.0417	  
	 November 17, 2014
	 	 	0.2849	  	 	 	0.1343	  	 	 	0.0445	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0365	  	 	 	0.0782	  	 	 	0.1072	  	 	 	0.0915	  	 	 	0.0810	  	 	 	0.0591	  	 	 	0.0418	  	 	 	0.0341	  	 	 	0.0294	  	 	 	0.0229	  
	 November 17, 2015
	 	 	0.1835	  	 	 	0.0897	  	 	 	0.0366	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0216	  	 	 	0.0594	  	 	 	0.0862	  	 	 	0.0682	  	 	 	0.0570	  	 	 	0.0371	  	 	 	0.0257	  	 	 	0.0213	  	 	 	0.0184	  	 	 	0.0142	  
	 November 17, 2016
	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  	 	 	0.0000	  

 The actual Stock Price and Effective Date applicable to a Fundamental Change may not be set forth on the
table, in which case: 
 (i) if the actual Stock Price is between two Stock Prices on the table or the actual Effective Date
is between two Effective Dates on the table, the amount of Make-Whole Shares shall be determined by a straight-line interpolation between the Make-Whole Share amounts set forth for the two Stock Prices and the two Effective Dates on the table based
on a 365-day year, as applicable; 
 (ii) if the Stock Price exceeds $250.00 per share (subject to adjustment in the same
manner as the Stock Prices set forth in the table above), then the Make-Whole Share amount shall be zero; and 
 (iii) if
the Stock Price is less than $20.00 per share (subject to adjustment in the same manner as the Stock Prices set forth in the table above), then the Make-Whole Share amount shall be determined as if the Stock Price equaled the minimum Stock Price,
using straight-line interpolation, as described above, if the actual Effective Date is between two Effective Dates on the table. 

Notwithstanding the foregoing, in no event will the total number of shares of Common Stock issuable upon settlement of a Purchase Contract
exceed 1.7804 shares per Purchase Contract (subject to adjustment in the same manner and at the same time as the Fixed Settlement Rates as set forth in Section 5.11). 

  
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 (c) All calculations and determinations pursuant to this Article 5 and otherwise pursuant to this
Agreement (including, without limitation, numbers of shares of Common Stock, any antidilution adjustments and whether or not any adjustment is required), shall be made by the Company or its agent and the Purchase Contract Agent, the Collateral
Agent, the Custodial Agent and the Securities Intermediary shall have no responsibility for making, verifying or confirming such calculations or determinations or otherwise with respect to such calculations or determinations under this Agreement or
otherwise, and may conclusively presume that such calculations and determinations are correct and conform to the requirements of this Agreement. 

Section 5.05. Termination Event; Notice. The Purchase Contracts and all obligations and rights of the Company and the Holders
thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Contract Adjustment Payments (including any deferred Contract Adjustment Payments and Compounded Contract Adjustment
Payments thereon), and the rights and obligations of Holders to purchase Common Stock, shall immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, prior
to or on the Purchase Contract Settlement Date, a Termination Event shall have occurred. 
 Upon and after the occurrence of a Termination
Event, the Units shall thereafter represent the right to receive Notes underlying the Applicable Ownership Interests in Notes, the Treasury Securities, the Cash or the Applicable Ownership Interests in the Treasury Portfolio, as the case may be,
forming part of such Units, in accordance with the provisions of Section 3.16 hereof. Upon the occurrence of a Termination Event, (i) the Company shall promptly but in no event later than two Business Days thereafter give written notice to
the Purchase Contract Agent, the Collateral Agent and the Holders, at their addresses as they appear in the Security Register and (ii) the Collateral Agent shall, in accordance with Section 3.16 hereof, release the Notes underlying the
Pledged Applicable Ownership Interests in Notes or the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio) forming a part of each
Corporate Unit, the Pro Rata Portion of the Treasury Unit Collateral forming a part of each Treasury Unit or the Cash forming a part of each Cash Settled Unit, as the case may be, from the Pledge. 

Section 5.06. Early Settlement. (a) Subject to and upon compliance with the provisions of this Section 5.06, at the
option of the Holder thereof, other than during a Blackout Period, Purchase Contracts underlying Units may be settled early (“Early Settlement”) at any time; provided that no Early Settlement will be permitted pursuant to
this Section 5.06 unless, at the time such Early Settlement is effected, there is an effective Registration Statement with respect to the shares of 

  
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Common Stock and other securities, if any, to be issued and delivered in connection with such Early Settlement, if such a Registration Statement is required (in the view of counsel, which need
not be in the form of a written opinion, for the Company) under the Securities Act. If such a Registration Statement is so required, the Company covenants and agrees to use its commercially reasonable efforts to (i) have in effect a
Registration Statement covering those shares of Common Stock and other securities, if any, to be delivered in respect of the Purchase Contracts being settled and (ii) provide a Prospectus in connection therewith, in each case in a form that may
be used in connection with such Early Settlement (it being understood that if there is a material business transaction or development that has not yet been publicly disclosed, the Company will not be required to provide such a Prospectus, and the
right to effect Early Settlement will not be available, until the Company has publicly disclosed such transaction or development, provided that the Company will use its commercially reasonable efforts to make such disclosure as soon as it is
commercially reasonable to do so). 
 (b) In order to exercise the right to effect Early Settlement with respect to any Purchase Contracts,
the Holder of the Certificate evidencing Units (in the case of Certificates in definitive certificated form) shall deliver, at any time, other than during a Blackout Period, such Certificate to the Purchase Contract Agent at the Corporate Trust
Office duly endorsed for transfer to the Company or in blank with the form of Election to Settle Early on the reverse thereof duly completed and accompanied by payment (payable to the Company in immediately available funds) in an amount (the
“Early Settlement Amount”) equal to the sum of: 
 (i) the aggregate Purchase Price for the number of
Purchase Contracts with respect to which the Holder has elected to effect Early Settlement, plus, 
 (ii) if such delivery
is made with respect to any Purchase Contracts during the period from the close of business on any Record Date next preceding any Payment Date to the open of business on such Payment Date, an amount equal to the Contract Adjustment Payments payable
on such Payment Date with respect to such Purchase Contracts, unless the Company has elected to defer the Contract Adjustment Payments payable on such Payment Date. 

In the case of Book-Entry Interests, each Beneficial Owner electing Early Settlement must deliver the Early Settlement Amount to the Purchase
Contract Agent along with a facsimile of the Election to Settle Early form duly completed, make book-entry transfer of such Book-Entry Interests and comply with the applicable procedures of the Depositary by the applicable time set forth above in
this Section 5.06. In addition, so long as the Units are evidenced by one or more Global Certificates deposited with the Depositary, procedures for Early Settlement will also be governed by standing arrangements between the Depositary and the
Purchase Contract Agent. 

  
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 Except as provided in Section 5.09(d), no payment shall be made upon Early Settlement of any
Purchase Contract on account of any Contract Adjustment Payments (other than deferred Contract Adjustment Payments and any Compounded Contract Adjustment Payments thereon) accrued on such Purchase Contract or on account of any dividends on the
Common Stock issued upon such Early Settlement. If the foregoing requirements are first satisfied with respect to Purchase Contracts underlying any Units at or prior to the close of business on a Business Day, such day shall be the “Early
Settlement Date” with respect to such Units and if such requirements are first satisfied after the close of business on a Business Day or on a day that is not a Business Day, the Early Settlement Date with respect to such Units shall be the
next succeeding Business Day. 
 Upon the receipt of such Certificate, Election to Settle Early form duly completed and Early Settlement
Amount from the Holder, the Purchase Contract Agent shall pay to the Company such Early Settlement Amount, the receipt of which payment the Company shall confirm in writing. The Purchase Contract Agent shall then notify the Collateral Agent in
writing that (A) such Holder has elected to effect an Early Settlement, which notice shall set forth the number of such Purchase Contracts as to which such Holder has elected to effect Early Settlement, (B) the Purchase Contract Agent has
received from such Holder, and paid to the Company as confirmed in writing by the Company, the related Early Settlement Amount and (C) all conditions to such Early Settlement expressly set forth in this Agreement have been satisfied. 

Upon receipt by the Collateral Agent of the written notice from the Purchase Contract Agent set forth in the preceding paragraph, the
Collateral Agent shall release from the Pledge, (1) in the case of a Holder of Corporate Units, the Notes underlying the Pledged Applicable Ownership Interests in Notes, or the Pledged Applicable Ownership Interests in the Treasury Portfolio,
as the case may be, relating to the Purchase Contracts to which Early Settlement is effected, or (2) in the case of a Holder of Treasury Units, the Proceeds of the applicable Pro Rata Portions of the Treasury Securities corresponding to the
number of Purchase Contracts as to which such Holder has elected to effect Early Settlement, and shall instruct the Securities Intermediary to Transfer all such Pledged Applicable Ownership Interests in the Treasury Portfolio or Notes underlying
such Pledged Applicable Ownership Interests in Notes or Proceeds of the Treasury Securities, as the case may be, to the Purchase Contract Agent for distribution to such Holder, in each case free and clear of the Pledge created hereby. 

  
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 Holders of Corporate Units and Treasury Units may only effect Early Settlement pursuant to this
Section 5.06 in integral multiples of 10 Corporate Units or 10 Treasury Units, as the case may be. If Applicable Ownership Interests in the Treasury Portfolio have replaced Applicable Ownership Interests in Notes as a component of the Corporate
Units, Corporate Units Holders may only effect Early Settlement pursuant to this Section 5.06 in integral multiples of such number of Corporate Units as may be determined by the Remarketing Agent upon a Successful Optional Remarketing. 

Upon Early Settlement of the Purchase Contracts, the rights of the Holders to receive and the obligation of the Company to pay any Contract
Adjustment Payments (including any deferred Contract Adjustment Payments and Compounded Contract Adjustment Payments thereon) with respect to such Purchase Contracts shall immediately and automatically terminate, except as provided in
Section 5.09(d). 
 (c) Upon Early Settlement of Purchase Contracts by a Holder of the related Units, the Company shall issue, and the
Holder shall be entitled to receive, a number of shares of Common Stock equal to the Minimum Settlement Rate (regardless of the market price of the Common Stock on the Early Settlement Date) for each Purchase Contract as to which Early Settlement is
effected. 
 (d) No later than the third Business Day after the Early Settlement Date, the Company shall cause the shares of Common Stock
issuable upon Early Settlement of Purchase Contracts to be issued and delivered, accompanied with a payment of Cash equal to the aggregate deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon), if any,
through the Payment Date immediately preceding such Early Settlement Date. 
 (e) Upon Early Settlement of any Purchase Contracts, and
subject to receipt of shares of Common Stock from the Company and the Notes, the Applicable Ownership Interest in the Treasury Portfolio or the applicable Proceeds of the Treasury Securities, as the case may be, from the Securities Intermediary, as
applicable, the Purchase Contract Agent shall, in accordance with the instructions provided by the Holder thereof on the applicable form of Election to Settle Early on the reverse of the Certificate evidencing the related Units: 

(i) transfer to the Holder the Notes, the Applicable Ownership Interest in the Treasury Portfolio or the applicable Proceeds
of the Treasury Securities related to such Units, as the case may be, 
 (ii) deliver to the Holder a certificate or
certificates for the full number of shares of Common Stock issuable upon such Early Settlement, and 

  
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 (iii) if so required under the Securities Act, deliver a Prospectus for the
shares of Common Stock issuable upon such Early Settlement as contemplated by Section 5.06(a). 
 (f) In the event that Early
Settlement is effected with respect to Purchase Contracts underlying less than all the Units evidenced by a Certificate, upon such Early Settlement the Company shall execute and the Purchase Contract Agent shall execute on behalf of the Holder,
authenticate and deliver to the Holder thereof, at the expense of the Company, a Certificate evidencing the Units as to which Early Settlement was not effected. 

Section 5.07. No Fractional Shares. No fractional shares or scrip representing fractional shares of Common Stock shall be issued
or delivered upon settlement on the Purchase Contract Settlement Date, or upon Early Settlement or Fundamental Change Early Settlement of any Purchase Contracts. Instead of any fractional share of Common Stock which would otherwise be deliverable
upon settlement of any Purchase Contracts, the Company, through the Purchase Contract Agent, shall make a Cash payment in respect of such fractional interest in an amount equal to the percentage of a whole share represented by such fractional share
multiplied by the Closing Price of the Common Stock on the Trading Day immediately preceding the Purchase Contract Settlement Date (or, in the case of any Early Settlement or Fundamental Change Early Settlement, the Closing Price of the
Common Stock on the Trading Day immediately preceding the relevant Settlement Date). If, however, a Holder surrenders for settlement more than one Purchase Contract on the same date, then the number of full shares of Common Stock issuable pursuant
to such Purchase Contracts shall be computed based upon the aggregate number of Purchase Contracts surrendered on such date, or if the Corporate Units are held in global book-entry form, based on such other aggregate number of Purchase Contracts
being surrendered by the Holder on the same date as DTC may otherwise require DTC. 
 Section 5.08. Charges and Taxes. The
Company will pay all stock transfer and similar taxes attributable to the initial issuance and delivery of the shares of Common Stock pursuant to the Purchase Contracts; provided, however, that the Company shall not be required to pay any
such tax or taxes which may be payable in respect of any exchange of or substitution for a Certificate evidencing a Unit or any issuance of a share of Common Stock in a name other than that of the registered Holder of a Certificate surrendered in
respect of the Units evidenced thereby, other than in the name of the Purchase Contract Agent, as custodian for such Holder, and the Company shall not be required to issue or deliver such share certificates or Certificates unless or until the Person
or Persons requesting the transfer or issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. 

  
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 Section 5.09. Contract Adjustment Payments. (a) Subject to Section 5.09(d),
the Company shall pay, on each Payment Date, the Contract Adjustment Payments payable in respect of each Purchase Contract for the period from and including the immediately preceding Payment Date on which Contract Adjustment Payments were paid (or
if none, December 3, 2013) to but excluding such Payment Date to the Person in whose name a Certificate is registered at the close of business on the Record Date relating to such Payment Date. Contract Adjustment Payments on Global Certificates
will be made by wire transfer of immediately available funds to the Depositary. If the book-entry system for the Units has been terminated, the Contract Adjustment Payments will be payable at the office or agency of the Purchase Contract Agent in
the Borough of Manhattan, City of New York, New York maintained for that purpose or, at the option of the Company, by check mailed to the address of the Person entitled thereto at such Person’s address as it appears on the Security Register as
of the Record Date, or by wire transfer to the account designated by such Person by a prior written notice to the Purchase Contract Agent, given at least ten calendar days prior to the Payment Date. Contract Adjustment Payments payable for any
period will be computed on the basis of a 360-day year of twelve 30-day months. The Contract Adjustment Payments will accrue from December 3, 2013. 

(b) Upon the occurrence of a Termination Event, the Company’s obligation to pay future Contract Adjustment Payments and any deferred
Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) shall cease. 
 (c) Each Certificate delivered
under this Agreement upon registration of transfer of or in exchange for or in lieu of (including as a result of a Collateral Substitution or the recreation of Corporate Units) any other Certificate shall carry the right to accrued and unpaid
Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon), which right was carried by the Purchase Contracts underlying such other Certificates. 

(d) In the case of any Unit with respect to which Early Settlement or Fundamental Change Early Settlement of the underlying Purchase Contract
is effected on a date that is after any Record Date and prior to or on the next succeeding Payment Date, Contract Adjustment Payments and deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) otherwise
payable on such Payment Date shall be payable on such Payment Date notwithstanding such Early Settlement or Fundamental Change Early Settlement, and such Contract Adjustment Payments and deferred Contract Adjustment Payments (including Compounded
Contract Adjustment Payments thereon) shall be paid to the Person in whose name the Certificate evidencing such Unit is registered at the close of business on such Record Date. Except as otherwise expressly provided in the immediately preceding
sentence, in the case of any Unit with respect to which Early Settlement of the underlying Purchase 

  
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Contract is effected, Contract Adjustment Payments that would otherwise have accrued after the most recent Payment Date with respect to such Purchase Contract shall not be payable. 

Section 5.10. Deferral of Contract Adjustment Payments.  

(a) The Company has the right at any time, and from time to time, to defer payment of all or part of the Contract Adjustment Payments in
respect of each Purchase Contract by extending the period for payment of Contract Adjustment Payments to any subsequent Payment Date (an “Extension Period”), but not beyond the Purchase Contract Settlement Date (or, with respect to
Purchase Contracts for which (i) an effective Fundamental Change Early Settlement has occurred, the Fundamental Change Early Settlement Date or (ii) an effective Early Settlement has occurred, the quarterly Payment Date immediately
preceding the Early Settlement Date). Prior to the expiration of any Extension Period, the Company may further extend such Extension Period to any subsequent Payment Date, but not beyond the Purchase Contract Settlement Date (or any applicable
Fundamental Change Early Settlement Date or Payment Date immediately preceding the Early Settlement Date, as the case may be). 
 If the
Company so elects to defer Contract Adjustment Payments, the Company shall pay additional Contract Adjustment Payments on such deferred installments of Contract Adjustment Payments at a rate equal to 6.25% per annum, compounding on each
succeeding Payment Date, until such deferred installments are paid in full (the accrued additional Contract Adjustment Payments thereon, being referred to herein as the “Compounded Contract Adjustment Payments”). The Company may pay
any such Deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) on any scheduled Payment Date. 

At the end of each Extension Period, including as the same may be extended as provided above, or, in the event of an effective Early
Settlement or Fundamental Change Early Settlement, on the Early Settlement Date or Fundamental Change Early Settlement Date, as the case may be, the Company shall pay all deferred Contract Adjustment Payments (including Compounded Contract
Adjustment Payments thereon) then due in the manner set forth in Section 5.09(a) (in the case of the end of an Extension Period), in the manner set forth in Section 5.06(b) (in the case of an Early Settlement) or in the manner set forth in
Section 5.04 (in the case of a Fundamental Change Early Settlement) to the extent such amounts are not deducted from the amount otherwise payable by the Holder in the case of any Early Settlement or any Fundamental Change Early Settlement. In
the event of an Early Settlement, the Company shall pay all deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) then payable, if any, on the Purchase Contracts being settled early through the Payment
Date immediately preceding the 

  
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applicable Early Settlement Date. In the event of a Fundamental Change Early Settlement, the Company shall pay all deferred Contract Adjustment Payments (including Compounded Contract Adjustment
Payments thereon) due on the Purchase Contracts being settled on the Fundamental Change Early Settlement Date to but excluding such Fundamental Change Early Settlement Date. 

Upon termination of any Extension Period and the payment of all deferred Contract Adjustment Payments (including Compounded Contract
Adjustment Payments thereon) and all accrued and unpaid Contract Adjustment Payments then due, the Company may commence a new Extension Period; provided that such Extension Period, together with all extensions thereof, may not extend beyond
the Purchase Contract Settlement Date (or any applicable Early Settlement Date or Fundamental Change Early Settlement Date). Except in the case of an Early Settlement or Fundamental Change Early Settlement, no Contract Adjustment Payments shall be
due and payable during an Extension Period except at the end thereof. 
 (b) The Company shall give written notice to the Purchase Contract
Agent (and the Purchase Contract Agent shall promptly thereafter give notice thereof to Holders of Purchase Contracts) of its election to extend any period for the payment of Contract Adjustment Payments, the expected length of any such Extension
Period and any extension of any Extension Period, at least five Business Days before the earlier of (i) the Record Date for the Payment Date on which Contract Adjustment Payments would have been payable except for the election to begin or
extend the Extension Period or (ii) the date the Purchase Contract Agent is required to give notice to any securities exchange or to Holders of Purchase Contracts of such Record Date or such Payment Date. 

(c) The Company shall give written notice to the Purchase Contract Agent (and the Purchase Contract Agent shall promptly thereafter give
notice thereof to Holders of Purchase Contracts) of the end of an Extension Period or its election to pay any portion of the deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon) on a Payment Date prior to
the end of an Extension Period, at least five Business Days before the earlier of (i) the Record Date for the Payment Date on which such Extension Period shall end or such payment of deferred Contract Adjustment Payments (including Compounded
Contract Adjustment Payments thereon) shall be made or (ii) the date the Purchase Contract Agent is required to give notice to any securities exchange or to Holders of Purchase Contracts of such Record Date or such Payment Date. 

(d) In the event the Company exercises its option to defer the payment of Contract Adjustment Payments, then, until all deferred Contract
Adjustment Payments (including Compounded Contract Adjustment Payments thereon) have been paid, the Company shall not declare or pay any dividends on, or make any 

  
 77 

 
distributions on, or redeem, purchase or acquire, or make a liquidation payment with respect to, any shares of the Company’s capital stock; provided that the foregoing does not apply
to: 
 (i) any exchange, redemption or conversion of any class or series of the Company’s capital stock, or the capital
stock of one of the Company’s Subsidiaries, for any other class or series of the Company’s capital stock; 
 (ii)
any purchase of, or payment of Cash in lieu of, fractional interests in shares of the Company’s capital stock pursuant to the conversion or exchange provisions of such capital stock or the securities being converted or exchanged; and 

(iii) any dividend in the form of stock, warrants, options or other rights where the dividend stock or stock issuable upon
exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks equally with or junior to such stock. 

Section 5.11. Anti-dilution Adjustments. Each Fixed Settlement Rate shall be subject to the following adjustments: 

(a) If the Company issues Common Stock as a dividend or distribution on the Common Stock to all or substantially all holders of the Common
Stock, or the Company effects a share subdivision or combination, each Fixed Settlement Rate shall be adjusted based on the following formula: 

SR1 = SR0 x
(OS1 / OS0) 

where, 
 SR0 = the Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such dividend or distribution or immediately prior to the open of business on the Effective
Date for such subdivision or combination, as the case may be; 
 SR1 = the Fixed
Settlement Rate in effect immediately after the close of business on such Record Date or such Effective Date, as the case may be; 
 OS0 = the number of shares of Common Stock outstanding immediately prior to the close of business on such Record Date or such Effective Date, as the case may be, in each case, prior to giving effect
to such event; and 
 OS1 = the number of shares of Common Stock that would be
outstanding immediately after, and solely as a result of, such event. 

  
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 Any adjustment made pursuant to this clause (a) shall become effective as of the close of
business on (x) the Record Date for such dividend or other distribution or (y) the Effective Date for such subdivision or combination becomes effective, as applicable. If any dividend or distribution in this clause (a) is declared but
not so paid or made, the new Fixed Settlement Rates shall be readjusted, on the date that the Board of Directors determines not to pay or make such dividend or distribution, to the Fixed Settlement Rates that would then be in effect if such dividend
or distribution had not been declared. 
 (b) If the Company distributes to all holders of Common Stock any rights, options or warrants
entitling them for a period of not more than 45 calendar days after the date of distribution thereof to subscribe for or purchase Common Stock, in any case at an exercise price per share of Common Stock less than the Closing Price of the Common
Stock on the Business Day immediately preceding the time of announcement of such issuance, each Fixed Settlement Rate shall be increased based on the following formula: 

SR1 = SR0 x (OS0 + X) /
(OS0 + Y) 

where, 
 SR0 = the Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such distribution; 

SR1 = the Fixed Settlement Rate in effect immediately after the close of business on
such Record Date; 
 OS0 = the number of shares of Common Stock outstanding
immediately prior to the close of business on the Record Date for such distribution; 
 X = the total number of shares of Common Stock
issuable pursuant to such rights, options or warrants; and 
 Y = the number of shares of Common Stock equal to the quotient of (A) the
aggregate price payable to exercise such rights, options or warrants divided by (B) the average of the Closing Prices of the Common Stock for the 10 consecutive Trading Days ending on, and including, the Trading Day immediately preceding
date of announcement for the issuance of such rights, options or warrants. 

  
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 If any right, option or warrant described in this clause (b) is not exercised or converted
prior to the expiration of the exercisability or convertibility thereof (and as a result no additional shares of Common Stock are delivered or issued pursuant to such rights, options or warrants), the new Fixed Settlement Rates shall be readjusted,
as of the date of such expiration, to the Fixed Settlement Rates that would then be in effect had the increase with respect to the issuance of such rights, options or warrants been made on the basis of delivery or issuance of only the number of
shares of Common Stock actually delivered. 
 (c) (1) If the Company distributes shares of capital stock, evidences of indebtedness or other
assets or property of the Company to all holders of Common Stock (excluding (i) any dividend, distribution, rights, warrants or options as to which an adjustment was effected pursuant to clause (a) or (b) above, (ii) any dividend
or distribution paid exclusively in Cash as to which an adjustment was effected pursuant to clause (d) below, and (iii) any Spin-Off to which the provisions in clause (c)(2) below apply), each Fixed Settlement Rate shall be increased based
on the following formula: 
 SR1
= SR0 x SP0 /
(SP0 – FMV) 

where, 
 SR0 = the Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such distribution; 

SR1 = the Fixed Settlement Rate in effect immediately after the close of business on
such Record Date; 
 SP0 = the Closing Price of Common Stock on the Trading Day
immediately preceding the Ex-Dividend Date for such distribution; and 
 FMV = the fair market value (as determined in good faith by the
Board of Directors), on the Record Date for such dividend or distribution, of the shares of capital stock, evidences of indebtedness, assets or property so distributed, expressed as an amount per share of Common Stock. 

Notwithstanding the foregoing, if “FMV” (as defined above) exceeds
“SP0” (as defined above), in lieu of the foregoing increase, each Holder of a purchase contract shall receive, for each purchase contract, at the same time and upon the same terms as
holders of shares of Common Stock, the amount of such distributed shares of capital stock, evidences of indebtedness or other assets or property that such Holder would have received if such Holder owned a number of shares of Common Stock equal to
the Maximum Settlement Rate on the Record Date for such dividend or distribution. 

  
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 (2) However, if the Company distributes to all holders of Common Stock, capital stock of any
class or series, or similar equity interest, of or relating to a subsidiary or other business unit (a “Spin-Off”, then each Fixed Settlement Rate shall instead be increased based on the following formula: 

SR1 = SR0 x (FMV0 + MP0) / MP0 

where, 
 SR0 = the Fixed Settlement Rate in effect immediately prior to the end of the valuation period (as defined below); 

SR1 = the Fixed Settlement Rate in effect immediately after the end of the valuation
period; 
 FMV0 = the average of the closing price of the capital stock or similar
equity interests distributed to holders of Common Stock applicable to one share of Common Stock over each of the 10 consecutive Trading Days commencing on, and including, the third Trading Day immediately following the Ex-Dividend Date for such
dividend or distribution with respect to the Common Stock on the NYSE or such other U.S. national or regional exchange or market that is at that time the principal exchange or market for the Common Stock (the “Valuation Period”); and 

MP0 = the average of the Closing Price of the Common Stock over the Valuation Period.

 The adjustment to each Fixed Settlement Rate under this clause (c)(2) shall occur on the last day of the Valuation Period;
provided that if a Holder elects to early settle the Purchase Contracts, or the Purchase Contract Settlement Date occurs, in either case, during the Valuation Period, references with respect to 10 Trading Days shall be deemed replaced with
such lesser number of Trading Days as have elapsed between the Ex-Dividend Date of such Spin-Off and the date on which such Holder elected its early settlement right, or the Business Day immediately preceding the Purchase Contract Settlement Date,
as the case may be, in determining the applicable Fixed Settlement Rates. 
 If any dividend or distribution described in this clause
(c) is declared but not so paid or made, the new Fixed Settlement Rates shall be readjusted, as of the date the Board of Directors determines not to pay or make such dividend or distribution, to the Fixed Settlement Rates that would then be in
effect if such dividend or distribution had not been declared. 

  
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 (d) If any regular, quarterly Cash dividend or distribution made to all or substantially all
holders of Common Stock during any quarterly fiscal period exceeds $0.50 per share (the “Reference Dividend”), each Fixed Settlement Rate shall be increased based on the following formula: 

SR1 = SR0 x [(SP0
– T) / (SP0 – C)] 

where, 
 SR0 = the Fixed Settlement Rate in effect immediately prior to the close of business on the Record Date for such distribution; 

SR1 = the Fixed Settlement Rate in effect immediately after the close of business on
such Record Date; 
 SP0 = the Closing Price of the Common Stock on the Record Date
for such distribution; 
 C = the amount in Cash per share the Company distributes to holders of Common Stock; and 

T = the Reference Dividend; provided that if the dividend or distribution is not a regular quarterly Cash dividend, the Reference
Dividend shall be deemed to be zero. 
 Notwithstanding the foregoing, if “C” (as defined above) exceeds “SP0” (as defined above), in lieu of the foregoing increase, each Holder of a Purchase Contract shall receive, for each Purchase Contract, at the same time and upon the same terms as holders of
shares of Common Stock, the amount of distributed Cash that such Holder would have received if such Holder owned a number of shares of Common Stock equal to the Maximum Settlement Rate on the Record Date for such cash dividend or distribution. 

The Reference Dividend shall be subject to an inversely proportional adjustment whenever each Fixed Settlement Rate is adjusted, other than
pursuant to this clause (d). For the avoidance of doubt, the Reference Dividend shall be zero in the case of a Cash dividend that is not a regular quarterly dividend. 

If any dividend or distribution described in this clause (d) is declared but not so paid or made, the new Fixed Settlement Rates shall be
readjusted, as of the date the Board of Directors determines not to pay or make such dividend or distribution, to the Fixed Settlement Rates that would then be in effect if such dividend or distribution had not been declared. 

(e) If the Company or any of its Subsidiaries makes a payment in respect of a tender offer or exchange offer for the Common Stock to the
extent 

  
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that the Cash and value of any other consideration included in the payment per share of Common Stock validly tendered or exchanged exceeds the Closing Price of the Common Stock on the Trading Day
next succeeding the last date on which tenders or exchanges may be made pursuant to such tender or exchange offer, each Fixed Settlement Rate shall be increased based on the following formula: 

SR1 = SR0 x [(FMV + (SP1 x OS1)] / (SP1 x OS0) 

where, 
 SR0 = the Fixed Settlement Rate in effect immediately prior to the close of business on the Trading Day on which such tender or exchange offer expires; 

SR1 = the Fixed Settlement Rate in effect immediately after the close of business on
the Trading Day immediately following the date such tender or exchange offer expires; 
 FMV = the fair market value (as determined in good
faith by the Board of Directors, whose good faith determination shall be conclusive), at the close of business on the Trading Day immediately following the date such tender or exchange offer expires, of the aggregate value of all Cash and any other
consideration paid or payable for shares validly tendered or exchanged and not withdrawn as of the expiration date; 
 OS1 = the number of shares of Common Stock outstanding immediately prior to the last time tenders or exchanges may be made pursuant to such tender or exchange offer (prior to giving effect to the
purchase or exchange of shares pursuant to such tender or exchange offer); 
 OS0 =
the number of shares of Common Stock outstanding immediately after the last time tenders or exchanges may be made pursuant to such tender or exchange offer (after giving effect to the purchase or exchange of shares pursuant to such tender or
exchange offer); and 
 SP1 = the Closing Price of the Common Stock for the Trading
Day next succeeding the date such tender or exchange offer expires. 
 The adjustment to each Fixed Settlement Rate under the preceding
clause (e) shall occur at the close of business on the Trading Day on which such tender or exchange offer expires. 

  
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 (f) To the extent that the Company has a shareholders rights plan involving the issuance of share
purchase rights or other similar rights to all or substantially all holders of the Common Stock in effect upon settlement of a Purchase Contract, the Holder thereof will receive, in addition to the Common Stock issuable upon settlement of such
Purchase Contract, the related rights for the Common Stock under the shareholders rights plan, unless, prior to any settlement of such Purchase Contract, the rights have separated from the Common Stock, in which case each Fixed Settlement Rate will
be adjusted at the time of separation as if the Company made a distribution to all holders of Common Stock as described in clause (c) above, subject to readjustment in the event of the expiration, termination or redemption of the rights under
the shareholder rights plan. 
 (g) The Company may increase the Fixed Settlement Rates if the Board of Directors deems it advisable to
avoid or diminish any income tax to holders of the Common Stock resulting from any dividend or distribution of shares (or rights to acquire shares) or from any event treated as a dividend or distribution for income tax purposes or for any other
reasons. The Company may only make such a discretionary adjustment if the Company makes the same proportionate adjustment to each Fixed Settlement Rate. 

(h) Adjustments to the Fixed Settlement Rates shall be calculated to the nearest ten thousandth of a share. No adjustment to the Fixed
Settlement Rates shall be required unless the adjustment would require an increase or decrease of at least one percent in one or both Fixed Settlement Rates. If any adjustment is not required to be made because it would not change one or both Fixed
Settlement Rates by at least one percent, then the adjustment will be carried forward and taken into account in any subsequent adjustment. All adjustments will be made not later than the Purchase Contract Settlement Date and the time at which the
Company is required to determine the relevant Settlement Rate or amount of Make-Whole Shares (if applicable) in connection with any settlement with respect to the Purchase Contracts. 

(i) No adjustment to the Fixed Settlement Rates will be made if Holders participate, as a result of holding the Units and without having to
settle the Purchase Contracts that form part of the Units, in the transaction that would otherwise give rise to an adjustment as if they held a number of shares of Common Stock equal to the Maximum Settlement Rate, at the same time and upon the same
terms as the holders of Common Stock participate in the transaction. 
 (j) Except as described in Section 5.11(a), (b), (c),
(d) and (e) above, the Fixed Settlement Rates will not be adjusted: 
 (i) upon the issuance of any shares of
Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on the Company’s securities and the investment of additional optional amounts in shares of Common Stock under any plan; 

  
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 (ii) upon the issuance of options, restricted stock or other awards in
connection with any employment contract, executive compensation plan, benefit plan or other similar arrangement with or for the benefit of any one or more employees, officers, directors, consultants or independent contractors or the exercise of such
options or other awards; 
 (iii) upon the issuance of any shares of Common Stock pursuant to any option, warrant, right or
exercisable, exchangeable or convertible security outstanding as of the date the Units were first issued; 
 (iv) for a
change in the par value or no par value of the Common Stock; or 
 (v) for accumulated and unpaid Contract Adjustment
Payments. 
 (k) If an adjustment is made to the Fixed Settlement Rates, an adjustment also shall be made to the Reference Price and the
Threshold Appreciation Price on an inversely proportional basis solely to determine which of the clauses of the definition of Settlement Rate shall be applicable to determine the Settlement Rate with respect to the Purchase Contract Settlement Date
or any Fundamental Change Early Settlement Date. 
 (l) If any adjustment to the Fixed Settlement Rates becomes effective, or any effective
date, expiration time, ex-date or record date for any stock split or reverse stock split, tender or exchange offer, issuance, dividend or distribution (relating to a required Fixed Settlement Rate adjustment) occurs, during the period beginning on,
and including, (i) the open of business on a first Trading Day of the Market Value Averaging Period or (ii) in the case of the Optional Early Settlement or Fundamental Change Early Settlement, the relevant Early Settlement Date or the
Fundamental Change Early Settlement Date and, in each case, ending on, and including, the date on which the Company delivers shares of Common Stock under the related Purchase Contract, the Company shall make appropriate adjustments to the Fixed
Settlement Rates and/or the number of shares of Common Stock deliverable upon settlement with respect to the Purchase Contract, in each case, consistent with the methodology used to determine the anti-dilution adjustments set forth in this
Section 5.11. If any adjustment to the Fixed Settlement Rates becomes effective, or any effective date, expiration time, ex-date or record date for any stock split or reverse stock split, tender or exchange offer, issuance, dividend or
distribution (relating to a required Fixed Settlement 

  
 85 

 
Rate adjustment) occurs, during the period used to determine the Stock Price or any other averaging period hereunder, the Company shall make appropriate adjustments to the applicable prices,
consistent with the methodology used to determine the anti-dilution adjustments set forth in this Section 5.11. 

Section 5.12. Reorganization Events. The following events are defined as “Reorganization Events”: 

(i) any recapitalization, reclassification or change of the Common Stock (other than changes resulting from a subdivision or
combination); 
 (ii) any consolidation, merger or combination involving the Company; 

(iii) any sale, lease or other transfer to another Person of the consolidated assets of the Company and its Subsidiaries
substantially as an entirety; or 
 (iv) any statutory exchange of the Common Stock; 

in each case as a result of which the Common Stock would be converted into, or exchanged for, stock, other securities, other property or assets (including
Cash or any combination thereof). 
 Following the effective date of a Reorganization Event, the Settlement Rate shall be determined by
reference to the value of an Exchange Property Unit, and the Company shall deliver, upon settlement of any Purchase Contract, a number of Exchange Property Units equal to the number of shares of Common Stock that it would otherwise be required to
deliver. An “Exchange Property Unit” is the kind and amount of common stock, other securities, other property or assets (including Cash or any combination thereof) receivable in such Reorganization Event (without any interest
thereon, and without any right to dividends or distribution thereon which have a record date that is prior to the applicable settlement date) per share of Common Stock by a holder of Common Stock that is not a Person with which the Company is
consolidated or into which the Company is merged or which merged into the Company or to which such sale or transfer was made, as the case may be (we refer to any such person as a “Constituent Person”), or an Affiliate of a
Constituent Person, to the extent such Reorganization Event provides for different treatment of Common Stock held by the Constituent Person and/or the Affiliates of the Constituent Person, on the one hand, and non-Affiliates of a Constituent Person,
on the other hand. In the event holders of Common Stock (other than any Constituent Person or Affiliate thereof) have the opportunity to elect the form of consideration to be received in such transaction, the Exchange Property Unit that Holders of
the Corporate Units or 

  
 86 

 
Treasury Units are entitled to receive will be deemed to be (x) the weighted average of the types and amounts of consideration received by the holders of Common Stock that affirmatively make
an election or (y) if no holders of Common Stock affirmatively make such an election, the types and amounts of consideration actually received by the holders of Common Stock. 

In the event of such a Reorganization Event, the Person formed by such consolidation or surviving such merger if other than the Company or the
Person which acquires the Company’s assets and those of the Company’s Subsidiaries substantially as an entirety will execute and deliver to the Purchase Contract Agent an agreement providing that the holder of each Unit that remains
outstanding after the Reorganization Event (if any) will have the rights described in the preceding paragraph and expressly assuming all of the Company’s obligations under the Purchase Contracts, this Agreement, the Indenture and the
Remarketing Agreement. Such supplemental agreement will provide for adjustments to the amount of any securities constituting all or a portion of an Exchange Property Unit and/or adjustments to the Fixed Settlement Rates, which, for events subsequent
to the effective date of such Reorganization Event, will be as nearly equivalent as may be practicable, as determined by the Board of Directors in its commercially reasonable judgment, to the adjustments provided for under Section 5.11 (it
being understood that any such adjustment may be zero and that no such adjustments shall be required with respect to any portion of the reference property that consists of cash). The provisions described in the preceding two paragraphs shall
similarly apply to successive Reorganization Events. In connection with any Reorganization Event, we will also adjust the Reference Dividend based on the number of shares of Common Stock comprising an Exchange Property Unit and (if applicable) the
value of any non-stock consideration comprising an Exchange Property Unit. If an Exchange Property Unit is composed solely of non-stock consideration, the Reference Dividend will be zero. 

ARTICLE 6 

RIGHTS AND REMEDIES OF HOLDERS 

Section 6.01. Unconditional Right of Holders to Receive Contract Adjustment Payments and to Purchase Shares of Common Stock. Each
Holder of a Unit shall have the right, which is absolute and unconditional, (a) subject to Article 5, to receive each Contract Adjustment Payment and deferred Contract Adjustment Payment with respect to the Purchase Contract comprising part of
such Unit on the respective Payment Date for such Unit pursuant to the terms hereof and (b) except upon and following a Termination Event, to purchase shares of Common Stock pursuant to such Purchase Contract and, in each such case, to
institute suit for the enforcement of any such right to receive Contract Adjustment Payments and the right to purchase shares of Common Stock, and such rights shall not be impaired without the consent of such Holder. 

  
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 Section 6.02. Restoration of Rights and Remedies. If any Holder has instituted any
proceeding to enforce any right or remedy under this Agreement and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to such Holder, then and in every such case, subject to any determination in such
proceeding, the Company and such Holder shall be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of such Holder shall continue as though no such proceeding had been instituted. 

Section 6.03. Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Certificates in the last paragraph of Section 3.10, no right or remedy herein conferred upon or reserved to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy
shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or
otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 Section 6.04. Delay
or Omission Not Waiver. No delay or omission of any Holder to exercise any right upon a default or remedy upon a default shall impair any such right or remedy or constitute a waiver of any such right. Every right and remedy given by this Article
6 or by law to the Holders may be exercised from time to time, and as often as may be deemed expedient, by such Holders. 

Section 6.05. Undertaking for Costs. All parties to this Agreement agree, and each Holder of a Unit, by its acceptance of such
Unit shall be deemed to have agreed, that any court of competent jurisdiction may in its discretion require, in any suit for the enforcement of any right or remedy under this Agreement, or in any suit against the Purchase Contract Agent for any
action taken, suffered or omitted by it as Purchase Contract Agent, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including
reasonable attorneys’ fees and costs against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided that the provisions of this Section 6.05
shall not apply to any suit instituted by the Purchase Contract Agent, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% of the Outstanding Units, or to any suit instituted by any Holder for the
enforcement of the obligation to pay interest on any Notes owed pursuant to such Holder’s Notes or Contract 

  
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Adjustment Payments on or after the respective Payment Date therefor in respect of any Unit held by such Holder, or for enforcement of the right to purchase shares of Common Stock under the
Purchase Contracts constituting part of any Unit held by such Holder. 
 Section 6.06. Waiver of Stay or Extension Laws. The
Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time
hereafter in force, that may affect the covenants or the performance of this Agreement; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not
hinder, delay or impede the execution of any power herein granted to the Purchase Contract Agent or the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted. 

ARTICLE 7 

THE PURCHASE CONTRACT AGENT 

Section 7.01. Certain Duties and Responsibilities. 

(a) The Purchase Contract Agent: 

(i) undertakes to perform, with respect to the Units, such duties and only such duties as are specifically set forth in this
Agreement and the Remarketing Agreement to be performed by the Purchase Contract Agent and no implied covenants or obligations shall be read into this Agreement or the Remarketing Agreement against the Purchase Contract Agent; and 

(ii) in the absence of bad faith on its part, may conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon certificates or opinions furnished to the Purchase Contract Agent and conforming to the requirements of this Agreement or the Remarketing Agreement, as applicable, but in the case of any certificates or opinions
which by any provision hereof are specifically required to be furnished to the Purchase Contract Agent, the Purchase Contract Agent shall be under a duty to examine the same to determine whether or not they conform to the requirements of this
Agreement or the Remarketing Agreement, as applicable (but need not confirm or investigate the accuracy of the mathematical calculations or other facts or matters stated therein). 

  
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 (b) No provision of this Agreement or the Remarketing Agreement shall be construed to relieve the
Purchase Contract Agent from liability for its own grossly negligent action, its own grossly negligent failure to act, or its own willful misconduct, except that: 

(i) this Section 7.01(b) shall not be construed to limit the effect of Section 7.01(a) or Section 7.01(c); 

(ii) the Purchase Contract Agent shall not be liable for any error of judgment made in good faith by a Responsible Officer,
unless it shall be conclusively determined by a court of competent jurisdiction that the Purchase Contract Agent was grossly negligent in ascertaining the pertinent facts; and 

(iii) the Purchase Contract Agent shall not be liable with respect to any action taken or omitted to be taken by it in good
faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding Certificates, relating to the time, method and place of conducting any proceeding for any right or remedy available to the Purchase Contract
Agent, or exercising any power conferred upon the Purchase Contract Agent, under this Agreement with respect to the Units. 
 (c) No
provision of this Agreement or the Remarketing Agreement shall require the Purchase Contract Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of
any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 

(d) Whether or not therein expressly so provided, every provision of this Agreement and the Remarketing Agreement relating to the conduct or
affecting the liability of or affording protection to the Purchase Contract Agent shall be subject to the provisions of this Section 7.01. 

(e) The Purchase Contract Agent is authorized to execute and deliver the Remarketing Agreement in its capacity as Purchase Contract Agent.

 (f) In case a default by the Company under this Agreement has occurred (that has not been cured or waived), and a Responsible Officer of
the Purchase Contract Agent have received written notice thereof, the Purchase Contract Agent shall exercise such of the rights and powers, if any, with respect to such default, vested in it by this Agreement, and use the same degree of care and
skill in the exercise thereof, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

  
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 Section 7.02. Notice of Default. Within 90 calendar days after the occurrence of any
default by the Company hereunder of which a Responsible Officer of the Purchase Contract Agent has received written notice thereof, the Purchase Contract Agent shall transmit by mail to the Holders, as their names and addresses appear in the
Security Register, notice of such default hereunder, unless such default shall have been cured or waived; provided that, except for a default in any payment obligation hereunder, the Purchase Contract Agent shall be protected in withholding
such notice if and for so long as a Responsible Officer of the Purchase Contract Agent in good faith determines that the withholding of such notice is in the interests of Holders of the Units. 

Section 7.03. Certain Rights of Purchase Contract Agent. 

Subject to the provisions of Section 7.01: 

(a) the Purchase Contract Agent may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by
the proper party or parties; 
 (b) any request or direction of the Company mentioned herein shall be sufficiently evidenced by an
Officer’s Certificate, Issuer Order or Issuer Request, and any resolution of the Board of Directors of the Company may be sufficiently evidenced by a Board Resolution; 

(c) whenever in the administration of this Agreement or the Remarketing Agreement the Purchase Contract Agent shall deem it desirable that a
matter be proved or established prior to taking, suffering or omitting to take any action hereunder or thereunder, the Purchase Contract Agent (unless other evidence be herein specifically prescribed in this Agreement) may, in the absence of bad
faith on its part, conclusively rely upon an Officer’s Certificate of the Company; 
 (d) the Purchase Contract Agent may consult with
counsel and other professional advisors of its selection and the advice of such counsel or other professional advisors or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or
omitted by it hereunder in good faith and in reliance thereon; 
 (e) the Purchase Contract Agent shall not be bound to make any
investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document,

  
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but the Purchase Contract Agent, in its discretion, may make reasonable further inquiry or investigation into such facts or matters related to the execution, delivery and performance of the
Purchase Contracts as it may see fit, and, if the Purchase Contract Agent shall determine to make such further inquiry or investigation, it shall be given a reasonable opportunity to examine the relevant books, records and premises of the Company,
personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 

(f) the Purchase Contract Agent may execute any of the powers hereunder or perform any duties hereunder either directly or by or through
agents, attorneys, custodians or nominees or an Affiliate of the Purchase Contract Agent and the Purchase Contract Agent shall not be responsible for any misconduct or negligence on the part of any agent, attorney, custodian or nominee or an
Affiliate appointed with due care by it hereunder; 
 (g) the Purchase Contract Agent shall be under no obligation to exercise any of the
rights or powers vested in it by this Agreement at the request or direction of any of the Holders pursuant to this Agreement, unless such Holders shall have offered to the Purchase Contract Agent security or indemnity satisfactory to the Purchase
Contract Agent against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

(h) the Purchase Contract Agent shall not be liable for any action taken, suffered, or omitted to be taken by it in good faith and believed by
it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement; 
 (i) the rights, privileges,
protections, immunities and benefits given to the Purchase Contract Agent, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Purchase Contract Agent in each of its capacities hereunder, and
to each officer, director, employee of the Purchase Contract Agent and each agent, custodian and other Person employed, in any capacity whatsoever, by the Purchase Contract Agent to act hereunder and shall survive the resignation or removal of the
Purchase Contract Agent and the termination for any reason of this Agreement and the termination, satisfaction and discharge of the Units and the Purchase Contracts; 

(j) the Purchase Contract Agent shall not be deemed to have notice or be charged with knowledge of any Fundamental Change, Termination Event
or any default or other event or determination date hereunder unless a Responsible Officer of the Purchase Contract Agent has received written notice from the Company or any Holder of such Fundamental Change, Termination Event or default or other
event or determination date at the Corporate Trust Office of the Purchase Contract Agent, and such notice references the Units and this Agreement and identifies such default; 

  
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 (k) the Purchase Contract Agent may request that the Company deliver a certificate setting forth
the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Agreement; 
 (l)
anything in this Agreement notwithstanding, in no event shall the Purchase Contract Agent be liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including but not limited to loss of profit), even if the
Purchase Contract Agent has been advised as to the likelihood of such loss or damage and regardless of the form of action; 
 (m) the
Purchase Contract Agent shall not be responsible or liable for any failure or delay in the performance of its obligations under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control,
including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware or software) or communication
services; accidents; labor disputes; acts of civil or military authority and governmental action; and 
 (n) the permissive right of the
Purchase Contract Agent to take or refrain from taking action hereunder shall not be construed as a duty. 
 Section 7.04. Not
Responsible for Recitals or Issuance of Units. The recitals contained herein, in the Remarketing Agreement and in the Certificates shall be taken as the statements of the Company, and the Purchase Contract Agent assumes no responsibility for
their accuracy or validity. The Purchase Contract Agent makes no representations as to the validity or sufficiency of either this Agreement or of the Units or the Pledge or the Collateral or the Remarketing Agreement. The Purchase Contract Agent
shall not be accountable for the use or application by the Company of the proceeds in respect of the Purchase Contracts. 

Section 7.05. May Hold Units. Any Security Registrar or any other agent of the Company, or the Purchase Contract Agent and its
Affiliates, in their individual or any other capacity, may become the owner or pledgee of Units and may otherwise deal with the Company, the Collateral Agent or any other Person with the same rights it would have if it were not Security Registrar or
such other agent, or the Purchase Contract Agent. The Company may become the owner or pledgee of Units. 
 Section 7.06. Money Held
in Custody. Money held by the Purchase Contract Agent in custody hereunder need not be segregated from the Purchase Contract Agent’s other funds except to the extent required by law or provided

  
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herein; provided, however, that when the Purchase Contract Agent holds Cash as a component of the Treasury Portfolio, a Treasury Unit or a Cash Settled Unit, such Cash shall be held in a
separate account hereunder. The Purchase Contract Agent shall be under no obligation to invest or pay interest on any money received by it hereunder except as otherwise expressly provided hereunder or agreed in writing with the Company. 

Section 7.07. Compensation and Reimbursement. 

The Company agrees: 
 (a) to pay
to the Purchase Contract Agent compensation for all services rendered by it hereunder and under the Remarketing Agreement as the Company and the Purchase Contract Agent shall from time to time agree in writing; 

(b) except as otherwise expressly provided for herein, to reimburse the Purchase Contract Agent upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Purchase Contract Agent in accordance with any provision of this Agreement and the Remarketing Agreement (including the reasonable compensation and the expenses and disbursements of its agents and
counsel), except any such expense, disbursement or advance as may be attributable to its gross negligence, bad faith or willful misconduct; 

(c) to indemnify the Purchase Contract Agent and any predecessor Purchase Contract Agent (collectively, with the Purchase Contract Agent, the
“Indemnitees”) for, and to hold each Indemnitee harmless against, any loss, liability or expense (including reasonable fees and expenses of counsel) including taxes (other than taxes based upon, measured by or determined by the
income of the Purchase Contract Agent) incurred without gross negligence, bad faith or willful misconduct on its part, arising out of or in connection with this Agreement, including the acceptance or administration of its duties hereunder and the
Indemnitees’ reasonable costs and expenses (including reasonable fees and expenses of counsel) of defending themselves against any claim (whether asserted by the Company, a Holder or any other Person) or liability in connection with the
exercise or performance of any of the Purchase Contract Agent’s powers or duties hereunder; and 
 (d) to pay or reimburse the Purchase
Contract Agent for transfer, stamp, documentary or other similar taxes, assessments or charges levied by any governmental or revenue authority in respect of this Agreement or any other document referred to herein. 

Purchase Contract Agent for purposes of this Section shall include any predecessor Purchase Contract Agent; provided, however, that the
negligence, willful misconduct or bad faith of any Purchase Contract Agent hereunder shall not affect the rights of any other Purchase Contract Agent hereunder. 

  
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 The provisions of this Section 7.07 shall survive the resignation or removal of the Purchase
Contract Agent and the termination for any reason of this Agreement, and the termination, satisfaction and discharge of the Units and the Purchase Contracts. 

Section 7.08. Corporate Purchase Contract Agent Required; Eligibility. There shall at all times be a Purchase Contract Agent
hereunder which shall be a Person organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having (or being a member of
a bank holding company having) a combined capital and surplus of at least $50,000,000, subject to supervision or examination by Federal or State authority and having a corporate trust office in the Borough of Manhattan, New York City, if there be
such a Person in the Borough of Manhattan, New York City, qualified and eligible under this Article 7 and willing to act on reasonable terms. If such Person publishes or files reports of condition at least annually, pursuant to law or to the
requirements of said supervising or examining authority, then for the purposes of this Section 7.08, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus as set forth in its most recent report
of condition so published or filed. If at any time the Purchase Contract Agent shall cease to be eligible in accordance with the provisions of this Section 7.08, it shall resign immediately in the manner and with the effect hereinafter
specified in this Article 7. 
 Section 7.09. Resignation and Removal; Appointment of Successor. (a) No resignation or
removal of the Purchase Contract Agent and no appointment of a successor Purchase Contract Agent pursuant to this Article shall become effective until the acceptance of appointment by the successor Purchase Contract Agent in accordance with the
applicable requirements of Section 7.10. 
 (b) The Purchase Contract Agent may resign at any time by giving written notice thereof to
the Company 60 calendar days prior to the effective date of such resignation. If the instrument of acceptance by a successor Purchase Contract Agent required by Section 7.10 shall not have been delivered to the Purchase Contract Agent within 30
calendar days after the giving of such notice of resignation, the resigning Purchase Contract Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 

(c) The Purchase Contract Agent may be removed at any time by Act of the Holders of a majority in number of the Outstanding Units delivered to
the Purchase Contract Agent and the Company. If the instrument of acceptance by a 

  
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successor Purchase Contract Agent required by Section 7.10 shall not have been delivered to the Purchase Contract Agent within 30 calendar days after such Act, the Purchase Contract Agent
being removed may petition any court of competent jurisdiction for the appointment of a successor Purchase Contract Agent. 
 (d) If at any
time: 
 (i) the Purchase Contract Agent fails to comply with Section 310(b) of the TIA, and shall fail to resign after
written request therefor by the Company or by any Holder who has been a bona fide Holder of a Unit for at least six months; 

(ii) the Purchase Contract Agent shall cease to be eligible under Section 7.08 and shall fail to resign after written
request therefor by the Company or by any such Holder; or 
 (iii) the Purchase Contract Agent shall become incapable of
acting or shall be adjudged a bankrupt or insolvent or a receiver of the Purchase Contract Agent or of its property shall be appointed or any public officer shall take charge or control of the Purchase Contract Agent or of its property or affairs
for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (i) the Company by a Board Resolution may remove the
Purchase Contract Agent, or (ii) any Holder who has been a bona fide Holder of a Unit for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the
Purchase Contract Agent and the appointment of a successor Purchase Contract Agent. 
 (e) If the Purchase Contract Agent shall resign, be
removed or become incapable of acting, or if a vacancy shall occur in the office of the Purchase Contract Agent for any cause, the Company, by a Board Resolution, shall promptly appoint a successor Purchase Contract Agent and shall comply with the
applicable requirements of Section 7.10. If no successor Purchase Contract Agent shall have been so appointed by the Company and accepted appointment in the manner required by Section 7.10, any Holder who has been a bona fide Holder of a
Unit for at least six months, on behalf of itself and all others similarly situated, or the Purchase Contract Agent may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Purchase Contract
Agent. 
 (f) The Company shall give, or shall cause such successor Purchase Contract Agent to give, notice of each resignation and each
removal of the Purchase Contract Agent and each appointment of a successor Purchase Contract 

  
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Agent by mailing written notice of such event by first-class mail, postage prepaid, to all Holders as their names and addresses appear in the applicable Security Register. Each notice shall
include the name of the successor Purchase Contract Agent and the address of its Corporate Trust Office. 
 (g) With respect to conflicts of
interest, the Purchase Contract Agent shall be governed by Section 310(b) of the TIA. If the Purchase Contract Agent has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the TIA, the
Purchase Contract Agent and the Company shall in all respects comply with the provisions of Section 310(b) of the TIA. 

Section 7.10. Acceptance of Appointment by Successor. (a) In case of the appointment hereunder of a successor Purchase
Contract Agent, every such successor Purchase Contract Agent so appointed shall execute, acknowledge and deliver to the Company and to the retiring Purchase Contract Agent an instrument accepting such appointment, and thereupon the resignation or
removal of the retiring Purchase Contract Agent shall become effective and such successor Purchase Contract Agent, without any further act, deed or conveyance, shall become vested with all the rights, powers, agencies and duties of the retiring
Purchase Contract Agent; but, on the request of the Company or the successor Purchase Contract Agent, such retiring Purchase Contract Agent shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Purchase
Contract Agent all the rights, powers and trusts of the retiring Purchase Contract Agent and duly assign, transfer and deliver to such successor Purchase Contract Agent all property and money held by such retiring Purchase Contract Agent hereunder.

 (b) Upon request of any such successor Purchase Contract Agent, the Company shall execute any and all instruments for more fully and
certainly vesting in and confirming to such successor Purchase Contract Agent all such rights, powers and agencies referred to in clause (a) of this Section 7.10. 

(c) No successor Purchase Contract Agent shall accept its appointment unless at the time of such acceptance such successor Purchase Contract
Agent shall be qualified and eligible under this Article 7. 
 Section 7.11. Merger, Conversion, Consolidation or Succession to
Business. Any Person into which the Purchase Contract Agent may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Purchase Contract Agent shall be a
party, or any Person succeeding to all or substantially all the corporate trust business of the Purchase Contract Agent, shall be the successor of the Purchase Contract Agent hereunder, provided that such Person shall be otherwise qualified
and eligible under this Article 7, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Certificates 

  
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shall have been authenticated and executed on behalf of the Holders, but not delivered, by the Purchase Contract Agent then in office, any successor by merger, conversion or consolidation to such
Purchase Contract Agent may adopt such authentication and execution and deliver the Certificates so authenticated and executed with the same effect as if such successor Purchase Contract Agent had itself authenticated and executed such Units. 

Section 7.12. Preservation of Information; Communications to Holders. (a) The Purchase Contract Agent shall preserve, in as
current a form as is reasonably practicable, the names and addresses of Holders received by the Purchase Contract Agent in its capacity as Security Registrar. 

(b) If three or more Holders (herein referred to as “Applicants”) apply in writing to the Purchase Contract Agent, and
furnish to the Purchase Contract Agent reasonable proof that each such Applicant has owned a Unit for a period of at least six months preceding the date of such application, and such application states that the Applicants desire to communicate with
other Holders with respect to their rights under this Agreement or under the Units and is accompanied by a copy of the form of proxy or other communication which such Applicants propose to transmit, then the Purchase Contract Agent shall mail to all
the Holders copies of the form of proxy or other communication which is specified in such request, with reasonable promptness after a tender to the Purchase Contract Agent of the materials to be mailed and of payment, or provision for the payment,
of the reasonable expenses of such mailing. 
 Section 7.13. No Obligations of Purchase Contract Agent. Except to the extent
otherwise expressly provided in this Agreement, the Purchase Contract Agent assumes no obligations and shall not be subject to any liability under this Agreement, the Remarketing Agreement or any Purchase Contract in respect of the obligations of
the Holder of any Unit thereunder. The Company agrees, and each Holder of a Certificate, by its acceptance thereof, shall be deemed to have agreed, that the Purchase Contract Agent’s execution of the Certificates on behalf of the Holders shall
be solely as agent and attorney-in-fact for the Holders, and that the Purchase Contract Agent shall have no obligation to perform such Purchase Contracts on behalf of the Holders, except to the extent expressly provided in Article 5 hereof. 

Section 7.14. Tax Compliance. (a) The Company, will comply with all applicable certification, information reporting and
withholding (including “backup” withholding) requirements imposed by applicable tax laws, regulations or administrative practice with respect to (i) any payments made with respect to the Units or (ii) the issuance,
delivery, holding, transfer, redemption or exercise of rights under the Units. Such compliance shall include, without limitation, the preparation and timely filing of required returns and the timely payment of all amounts required to be withheld to
the appropriate taxing authority or its designated agent. 

  
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 (b) The Purchase Contract Agent shall comply in accordance with the terms hereof with any
reasonable written direction received from the Company with respect to the execution or certification of any required documentation and the application of such requirements to particular payments or Holders or in other particular circumstances, and
may for purposes of this Agreement conclusively rely on any such direction in accordance with the provisions of Section 7.01(a) hereof. 

(c) The Purchase Contract Agent shall maintain all appropriate records documenting compliance with such requirements, and shall make such
records available, on written request, to the Company or its authorized representative within a reasonable period of time after receipt of such request. 

(d) Notwithstanding anything contained herein to the contrary, in order to comply with applicable tax laws (inclusive of rules, regulations
and interpretations promulgated by competent authorities) related to this Agreement, Units or the Purchase Contracts in effect from time to time (“Applicable Law”) that a foreign financial institution, the issuer, trustee, paying
agent or other party is or has agreed to be subject to, the Company agrees (i) to provide to The Bank of New York Mellon Trust Company, N.A. sufficient information about the parties and/or transactions (including any modification to the terms
of such transactions) ) to the extent such information is available to the Company so that The Bank of New York Mellon Trust Company, N.A. can determine whether it has tax-related obligations under Applicable Law and (ii) to hold harmless The
Bank of New York Mellon Trust Company, N.A. for any losses with respect to the withholding taxes described in this Section 7.14(d) that it may suffer due to the actions it takes to comply with Applicable Law. The terms of this section shall
survive the termination for any reason of this Agreement, the termination, satisfaction and discharge of the Units and the Purchase Contracts and the resignation or removal of the Purchase Contract Agent. 

ARTICLE 8 

SUPPLEMENTAL AGREEMENTS 

Section 8.01. Supplemental Agreements Without Consent of Holders. Without the consent of any Holders, the Company, when authorized
by a Board Resolution, the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities Intermediary at any time and from time to time, may enter into one or more agreements supplemental hereto, in form satisfactory to the
Company and the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities Intermediary to: 
 (a) evidence the
succession of another Person to the Company, and the assumption by any such successor of the covenants of the Company herein and in the Certificates; 

  
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 (b) evidence and provide for the acceptance of appointment hereunder by a successor Purchase
Contract Agent, Collateral Agent, Securities Intermediary or Custodial Agent; 
 (c) add to the covenants of the Company for the benefit of
the Holders, or surrender any right or power herein conferred upon the Company; 
 (d) conform the provisions of this Agreement to the
description of the Units and the Purchase Contracts contained in the Units Prospectus as evidenced by an Officer’s Certificate; 
 (e)
except as provided for in Section 5.04, cure any ambiguity, defect or inconsistency, to correct or supplement any provisions herein that may be inconsistent with any other provision herein; 

(f) make such other provisions in regard to matters or questions arising under this Agreement that do not adversely affect the interests of
any Holders in any material respect as evidenced by an Officer’s Certificate; or 
 (g) conform the provisions of this Agreement to the
description of the Units contained in the preliminary prospectus supplement dated November 25, 2013 (as supplemented by the related term sheet dated November 25, 2013) relating to the Units under the sections entitled “Description of
the Equity Units,” “Description of the Purchase Contracts,” “Certain Provisions of the Purchase Contract and Pledge Agreement” and “Description of the Notes”, as evidenced by an Officer’s Certificate. 

Section 8.02. Supplemental Agreements with Consent of Holders. With the consent of the Holders of not less than a majority of the
Outstanding Purchase Contracts voting together as one class, by Act of said Holders delivered to the Company and the Purchase Contract Agent, the Company, when authorized by a Board Resolution, the Collateral Agent, the Securities Intermediary, the
Custodial Agent and the Purchase Contract Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of the
Holders in respect of the Units; provided however, that, except as contemplated herein, no supplemental agreement shall, without the consent of the Holder of each outstanding Purchase Contract affected thereby, 

(a) subject to the Company’s right to defer Contract Adjustment Payments, change any Payment Date; 

  
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 (b) change the amount or the type of Collateral required to be Pledged to secure a Holder’s
obligations under any Purchase Contract (except for the rights of holders of Corporate Units to substitute Cash for the Pledged Applicable Ownership Interests in Notes or the rights of Holders of Treasury Units to substitute Notes for the Treasury
Securities); 
 (c) impair the right of the Holder of any Purchase Contract to receive distributions on the related Collateral or otherwise
adversely affect the Holder’s rights in or to such Collateral; 
 (d) impair the Holders’ right to institute suit for the
enforcement of any Purchase Contract or any Contract Adjustment Payments or deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments thereon); 

(e) except as set forth in Section 5.06, reduce the number of shares of Common Stock to be purchased pursuant to any Purchase Contract,
increase the price to purchase shares of Common Stock upon settlement of any Purchase Contract or change the Purchase Contract Settlement Date or the right to Early Settlement or Fundamental Change Early Settlement; 

(f) adversely affect the Holder’s rights under a Purchase Contract in any material respect, provided that any amendment made
solely to conform the provisions of this Agreement to the description of the Units and the Purchase Contracts contained in the Units Prospectus will not be deemed to adversely affect the interests of the Holders; 

(g) reduce any Contract Adjustment Payments or any deferred Contract Adjustment Payments (including Compounded Contract Adjustment Payments
thereon) or change any place where, or the coin or currency in which, any Contract Adjustment Payment is payable; or 
 (h) reduce the
percentage of the outstanding Purchase Contracts whose Holder’s consent is required for any modification or amendment to the provisions of this Agreement or the Purchase Contracts; 

provided that if any amendment or proposal referred to above would adversely affect only the Corporate Units, the Treasury Units or the Cash Settled
Units, then only the affected class of Holders as of the record date for the Holders entitled to vote thereon will be entitled to vote on such amendment or proposal, and such amendment or proposal shall not be effective except with the consent of a
majority of such Holders, or each such Holder affected thereby in the case of an amendment or proposal referred to in clauses (a) through (h) above. 

  
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 It shall not be necessary for any Act of Holders under this Section 8.02 to approve the
particular form of any proposed supplemental agreement, but it shall be sufficient if such Act shall approve the substance thereof. 

Section 8.03. Execution of Supplemental Agreements. In executing, or accepting the additional agencies created by any supplemental
agreement permitted by this Article 8 or the modifications thereby of the agencies created by this Agreement, the Purchase Contract Agent, the Collateral Agent, the Securities Intermediary and the Custodial Agent shall be provided, and (subject to
Section 7.01 with respect to the Purchase Contract Agent) shall be fully authorized and protected in conclusively relying upon, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such supplemental agreement is
authorized or permitted by this Agreement, that any and all conditions precedent to the execution and delivery of such supplemental agreement have been satisfied and that the supplemental agreement is the legal, valid and binding obligation of the
Company, enforceable against the Company in accordance with its terms. The Purchase Contract Agent, the Collateral Agent, the Securities Intermediary and the Custodial Agent may, but shall not be obligated to, enter into any such supplemental
agreement which affects their own rights, duties or immunities under this Agreement or otherwise. 
 Section 8.04. Effect of
Supplemental Agreements. Upon the execution of any supplemental agreement under this Article 8, this Agreement shall be modified in accordance therewith, and such supplemental agreement shall form a part of this Agreement for all purposes; and
every Holder of Certificates theretofore or thereafter authenticated, executed on behalf of the Holders and delivered hereunder, shall be bound thereby. 

Section 8.05. Reference to Supplemental Agreements. Certificates authenticated, executed on behalf of the Holders and delivered
after the execution of any supplemental agreement pursuant to this Article 8 may, and shall if required by the Purchase Contract Agent, bear a notation in form approved by the Purchase Contract Agent as to any matter provided for in such
supplemental agreement. If the Company shall so determine, new Certificates so modified as to conform, in the opinion of the Purchase Contract Agent and the Company, to any such supplemental agreement may be prepared and executed by the Company and
authenticated, executed on behalf of the Holders and delivered by the Purchase Contract Agent in exchange for outstanding Certificates. 

ARTICLE 9 

CONSOLIDATION, MERGER, SALE, CONVEYANCE, TRANSFER OR
DISPOSITION 
 Section 9.01. Covenant Not To Consolidate, Merge, Sell, Convey, Transfer or Dispose Property
except under Certain Conditions. The Company  

  
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covenants that it will not merge or consolidate with any other Person or sell, convey, transfer, assign or otherwise dispose of all or substantially all of its assets, unless: 

(a) either the Company shall be the surviving Person, or the successor (if other than the Company) shall be a Person duly organized and
existing under the laws of its jurisdiction of organization and such entity shall expressly assume all the obligations of the Company under the Purchase Contracts, this Agreement (including the Pledge provided for herein), the Indenture (including
any supplement thereto) and the Remarketing Agreement by one or more supplemental agreements, executed and delivered to the Purchase Contract Agent and the Collateral Agent by such Person; 

(b) the Company or such successor Person shall not, immediately after such merger, consolidation, sale, conveyance, transfer, assignment or
other disposition, be in default of payment obligations under the Purchase Contracts, this Agreement, the Indenture (including any supplement thereto) or the Remarketing Agreement or in material default in the performance of any other covenants
under any of the foregoing agreements; and 
 (c) an Officer’s Certificate and Opinion of Counsel shall be delivered to the Purchase
Contract Agent and the Collateral Agent providing that the conditions precedent to such merger, consolidation or sale and the execution and delivery of any supplemental agreement in connection therewith have been complied with. 

Section 9.02. Rights and Duties of Successor Corporation. In case of any such merger, consolidation, sale, conveyance (other than
by way of lease), transfer, assignment or other disposition and upon any such assumption by a successor Person in accordance with Section 9.01, such surviving Person shall succeed to and be substituted for the Company with the same effect as if
it had been named herein as the Company and the Company shall be relieved of any further obligation hereunder and under the Units. Such surviving Person thereupon may cause to be signed, and may issue either in its own name or in the name of Stanley
Black & Decker, Inc. any or all of the Certificates evidencing Units issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Purchase Contract Agent; and, upon the order of such surviving Person,
instead of the Company, and subject to all the terms, conditions and limitations in this Agreement prescribed, the Purchase Contract Agent shall authenticate and execute on behalf of the Holders and deliver any Certificates which previously shall
have been signed and delivered by the officers of the Company to the Purchase Contract Agent for authentication and execution, and any Certificate evidencing Units which such surviving Person thereafter shall cause to be signed and delivered to the
Purchase Contract Agent for that purpose. All the Certificates issued shall in all respects have the same legal rank and 

  
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benefit under this Agreement as the Certificates theretofore or thereafter issued in accordance with the terms of this Agreement as though all of such Certificates had been issued at the date of
the execution hereof. In case of any such merger, consolidation, sale, assignment, transfer, or disposition such change in phraseology and form (but not in substance) may be made in the Certificates evidencing Units thereafter to be issued as may be
appropriate. 
 Section 9.03. Opinion of Counsel Given to Purchase Contract Agent. The Purchase Contract Agent, subject to
Section 7.01 and Section 7.03, shall receive an Opinion of Counsel as conclusive evidence that any such merger, consolidation, sale, assignment, transfer, or disposition, and any such assumption, complies with the provisions of this
Article 9 and that all conditions precedent to the consummation of any such merger, consolidation, sale, conveyance, transfer or other disposition have been met. 

ARTICLE 10 

COVENANTS 

Section 10.01. Performance under Purchase Contracts. The Company covenants and agrees for the benefit of the Holders from time to
time of the Units that it will duly and punctually perform its obligations under the Purchase Contracts in accordance with the terms of the Purchase Contracts and this Agreement. 

Section 10.02. Maintenance of Office or Agency. The Company will maintain in the Borough of Manhattan, City of New York, New York
an office or agency where Certificates may be presented or surrendered for acquisition of shares of Common Stock upon settlement of the Purchase Contracts on the Purchase Contract Settlement Date, or upon Early Settlement or Fundamental Change Early
Settlement and for transfer of Collateral upon occurrence of a Termination Event, where Certificates may be surrendered for registration of transfer or exchange, or for a Collateral Substitution and where notices and demands to or upon the Company
in respect of the Units and this Agreement may be served. The Company will give prompt written notice to the Purchase Contract Agent of the location, and any change in the location, of such office or agency. The Company initially designates the
Corporate Trust Office of the Purchase Contract Agent as such office of the Company. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Purchase Contract Agent with the address thereof,
such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office, and the Company hereby appoints the Purchase Contract Agent as its agent to receive all such presentations, surrenders, notices and demands.

  
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 The Company may also from time to time designate one or more other offices or agencies where
Certificates may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation
to maintain an office or agency in the Borough of Manhattan, City of New York, New York for such purposes. The Company will give prompt written notice to the Purchase Contract Agent of any such designation or rescission and of any change in the
location of any such other office or agency. The Company hereby designates as the place of payment for the Units the Corporate Trust Office and appoints the Purchase Contract Agent at its Corporate Trust Office as paying agent in such city. 

Section 10.03. Company to Reserve Common Stock. The Company shall at all times prior to the Purchase Contract Settlement Date
reserve and keep available, free from preemptive rights, out of its authorized but unissued Common Stock the full number of shares of Common Stock issuable against tender of payment in respect of all Purchase Contracts constituting a part of the
Units evidenced by Outstanding Certificates. 
 Section 10.04. Covenants as to Common Stock; Listing. (a) The Company
covenants that all shares of Common Stock which may be issued against tender of payment in respect of any Purchase Contract constituting a part of the Outstanding Units will, upon issuance, be duly authorized, validly issued, fully paid and
nonassessable. The Company shall comply, in all material respects, with all applicable securities laws regulating the offer, issuance and delivery of shares of Common Stock upon settlement of Purchase Contracts and will issue such shares of Common
Stock as freely-tradable shares, except to the extent holders thereof are underwriters (within the meaning of the Securities Act) or Affiliates of the Company. 

(b) The Company further covenants that, if at any time the Common Stock shall be listed on the NYSE or any other national securities exchange
or automated quotation system, the Company will, if permitted by the rules of such exchange or automated quotation system, list and keep listed, so long as the Common Stock shall be so listed on such exchange or automated quotation system, all
Common Stock issuable upon Settlement of Purchase Contracts; provided, however, that, if the rules of such exchange or automated quotation system permit the Company to defer the listing of such Common Stock until the date on which any
Purchase Contract is first settled in accordance with the provisions of this Agreement, the Company covenants to list such Common Stock issuable upon settlement of the Purchase Contracts in accordance with the requirements of such exchange or
automated quotation system no later than at such time. 

  
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 Section 10.05. ERISA. Each Holder from time to time of the Units that is a Plan or
who used assets of a Plan to purchase Units hereby represents that either (a) no portion of the assets used by such Holder to acquire the Corporate Units constitutes assets of the Plan or (b) the purchase or holding of the Corporate Units
by such purchaser or transferee will not constitute a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or similar violation under any applicable laws. 

Section 10.06. Tax Treatment. The Company covenants and agrees, for United States federal income tax purposes, to (a) treat a
Holder’s acquisition of the Corporate Units as the acquisition of the Notes and Purchase Contract constituting the Corporate Units and (b) treat each Holder as the owner of the Collateral, including the Notes or the Treasury Securities.

 ARTICLE 11 

PLEDGE 

Section 11.01. Pledge. Each Holder, acting through the Purchase Contract Agent as such Holder’s attorney-in-fact, and the
Purchase Contract Agent, acting solely as such attorney-in-fact, hereby pledges and grants to the Collateral Agent, as agent of and for the benefit of the Company, a continuing first priority security interest in and to, and a lien upon and right of
set-off against, all of such Person’s right, title and interest in and to the Collateral to secure the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations. The
Collateral Agent shall have all of the rights, remedies and recourses with respect to the Collateral afforded a secured party by the UCC, in addition to, and not in limitation of, the other rights, remedies and recourses afforded to the Collateral
Agent by this Agreement. 
 Section 11.02. Termination. As to each Holder, the Pledge created hereby shall terminate upon the
satisfaction of such Holder’s Obligations. Upon a Termination Event (and subject to the Collateral Agent’s notification thereof by the Purchase Contract Agent), the Collateral Agent shall instruct the Securities Intermediary to Transfer
such portion of the Collateral attributable to such Holder to the Purchase Contract Agent for distribution to such Holder, free and clear of the Pledge created hereby. 

  
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 ARTICLE 12 

ADMINISTRATION OF COLLATERAL 

Section 12.01. Initial Deposit of Notes. (a) Prior to or concurrently with the execution and delivery of this Agreement, the
Purchase Contract Agent, on behalf of the initial Holders of the Corporate Units, shall Transfer without recourse or representation to the Securities Intermediary, for credit to the Collateral Account, the Applicable Ownership Interests in Notes and
the Notes underlying such Applicable Ownership Interests in Notes or security entitlements relating thereto and the Securities Intermediary shall indicate by book-entry that a securities entitlement with respect to such Applicable Ownership
Interests in Notes (and the Notes underlying such Applicable Ownership Interests in Notes) has been credited to the Collateral Account. 

(b) The Collateral Agent may, but shall not be obligated to, at any time or from time to time, in its sole discretion, cause any or all
securities or other property underlying any financial assets credited to the Collateral Account to be registered in the name of the Securities Intermediary, the Collateral Agent or their respective nominees; provided, however, that unless any
Event of Default (as defined in the Indenture) shall have occurred and be continuing, the Collateral Agent agrees not to cause any Notes to be so re-registered. 

Section 12.02. Establishment of Collateral Account. The Securities Intermediary hereby confirms that: 

(a) the Securities Intermediary has established the Collateral Account; 

(b) the Collateral Account is a securities account; 

(c) subject to the terms of this Agreement, the Securities Intermediary shall identify in its records the Collateral Agent as the entitlement
holder entitled to exercise the rights that comprise any financial asset credited to the Collateral Account; 
 (d) all property delivered
to the Securities Intermediary pursuant to this Agreement, including any Cash, Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio) or
Treasury Securities and the Permitted Investments, will be credited promptly to the Collateral Account; and 
 (e) all securities or other
property underlying any financial assets credited to the Collateral Account shall be (i) registered in the name of the Purchase Contract Agent and indorsed, without recourse or representation, to the Securities Intermediary or in blank,
(ii) registered in the name of the Securities Intermediary or (iii) credited to another securities account maintained in the name 

  
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of the Securities Intermediary. In no case will any financial asset credited to the Collateral Account be registered in the name of the Purchase Contract Agent (in its capacity as such) or any
Holder or specially indorsed to the Purchase Contract Agent (in its capacity as such) or any Holder, unless such financial asset has been further indorsed to the Securities Intermediary or in blank. 

Section 12.03. Treatment as Financial Assets. Each item of property (whether investment property, financial asset, security,
instrument or Cash) credited to the Collateral Account shall be treated as a financial asset. 
 Section 12.04. Sole Control by
Collateral Agent. Except as provided in Section 15.01, at all times prior to the termination of the Pledge, the Collateral Agent shall have sole control of the Collateral Account, and the Securities Intermediary shall take instructions and
directions, and comply with entitlement orders, with respect to the Collateral Account or any financial asset credited thereto solely from the Collateral Agent as set forth in this Agreement. If at any time the Securities Intermediary shall receive
an entitlement order issued by the Collateral Agent and relating to the Collateral Account, the Securities Intermediary shall comply with such entitlement order without further consent by the Purchase Contract Agent or any Holder or any other
Person. Except as otherwise permitted under this Agreement, until termination of the Pledge, the Securities Intermediary will not comply with any entitlement orders issued by the Purchase Contract Agent or any Holder. 

Section 12.05. Jurisdiction. The Collateral Account, and the rights and obligations of the Securities Intermediary, the Collateral
Agent, the Purchase Contract Agent and the Holders with respect thereto, shall be governed by the laws of the State of New York. Regardless of any provision in any other agreement, for the purposes of the UCC the Securities Intermediary’s
jurisdiction is the State of New York. 
 Section 12.06. No Other Claims. Except for the claims and interest of the Collateral
Agent and of the Purchase Contract Agent and the Holders in the Collateral Account, the Securities Intermediary (without having conducted any investigation) does not know of any claim to, or interest in, the Collateral Account or in any financial
asset credited thereto. If any Person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process) against the Collateral Account or in any financial asset carried
therein, the Securities Intermediary will promptly notify the Collateral Agent and the Purchase Contract Agent. 
 Section 12.07.
Investment and Release. All proceeds of financial assets from time to time credited to the Collateral Account shall be invested and reinvested as provided in this Agreement. At all times prior to termination of the Pledge, no property shall be
released from the Collateral Account except in accordance with this Agreement or upon written instructions of the Collateral Agent. 

  
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 Section 12.08. Treasury Securities. Promptly following receipt of the Treasury
Securities in substitution of any Notes underlying Pledged Applicable Ownership Interests in Notes upon creation of Treasury Units, the Collateral Agent shall notify the Company of such receipt of Treasury Securities. 

Section 12.09. Statements and Confirmations. The Securities Intermediary will promptly send copies of all statements,
confirmations and other correspondence concerning the Collateral Account and any financial assets credited thereto simultaneously to each of the Purchase Contract Agent and the Collateral Agent at their addresses for notices under this Agreement.

 Section 12.10. Tax Allocations. The Purchase Contract Agent shall report all items of income, gain, expense and loss
recognized in the Collateral Account, to the extent such reporting is required by law, to the Internal Revenue Service authorities in the manner required by law. None of the Securities Intermediary, the Collateral Agent nor the Custodial Agent shall
have any tax reporting duties hereunder. 
 Section 12.11. No Other Agreements. The Securities Intermediary, acting solely in
its capacity as Securities Intermediary, has not entered into, and prior to the termination of the Pledge will not enter into, any agreement with any other Person relating to the Collateral Account or any financial assets credited thereto,
including, without limitation, any agreement to comply with entitlement orders of any Person other than the Collateral Agent. 

Section 12.12. Powers Coupled with an Interest. The rights and powers granted in this Purchase Contract and Pledge Agreement to
the Collateral Agent have been granted in order to perfect its security interests in the Collateral Account, are powers coupled with an interest and will be affected neither by the bankruptcy of the Purchase Contract Agent or any Holder nor by the
lapse of time. The obligations of the Securities Intermediary under this Purchase Contract and Pledge Agreement shall continue in effect until the termination of the Pledge. 

Section 12.13. Waiver of Lien Waiver of Set-off. The Securities Intermediary waives any security interest, lien or right to make
deductions or set-offs that it may now have or hereafter acquire in or with respect to the Collateral Account, any financial asset credited thereto or any security entitlement in respect thereof. Neither the financial assets credited to the
Collateral Account nor the security entitlements in respect thereof will be subject to deduction, set-off, banker’s lien, or any other right in favor of any person other than the Company. 

  
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 ARTICLE 13 

RIGHTS AND REMEDIES OF THE COLLATERAL
AGENT 
 Section 13.01. Rights and Remedies of the Collateral Agent. (a) In addition to the rights and
remedies set forth herein or otherwise available at law or in equity, after a collateral event of default (as specified in Section 13.01(b) below) hereunder, the Collateral Agent shall have all of the rights and remedies with respect to the
Collateral of a secured party under the UCC (whether or not the UCC is in effect in the jurisdiction where the rights and remedies are asserted) and the TRADES Regulations and such additional rights and remedies to which a secured party is entitled
under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted. Without limiting the generality of the foregoing, such remedies may include, to the extent permitted by applicable law, (1) retention of the
Notes underlying Pledged Applicable Ownership Interests in Notes, the Pledged Treasury Securities, the Pledged Applicable Ownership Interests in the Treasury Portfolio and/or the Pledged Cash in full satisfaction of the Holders’ obligations
under the Purchase Contracts and the Purchase Contract Agreement and/or (2) sale of the Notes underlying Pledged Applicable Ownership Interests in Notes, the Pledged Treasury Securities or the Pledged Applicable Ownership Interests in the
Treasury Portfolio in one or more public or private sales. 
 (b) Without limiting any rights or powers otherwise granted by this Agreement
to the Collateral Agent, in the event the Collateral Agent is unable to make payments to the Company on account of Proceeds of (i) the Notes underlying Pledged Applicable Ownership Interests in Notes (other than any interest payments thereon),
(ii) Pledged Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), (iii) Pledged Cash or (iv) the Pledged Treasury
Securities as provided in this Agreement in satisfaction of the Obligations of the Holder of the Units of which such Notes underlying Pledged Applicable Ownership Interests in Notes, such Pledged Applicable Ownership Interests in the Treasury
Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), such Pledged Cash or such Pledged Treasury Securities are a part under the related Purchase Contracts, the inability to make
such payments shall constitute a “collateral event of default” hereunder and the Collateral Agent shall, for the benefit of the Company, have and may exercise, with reference to such Notes underlying Pledged Applicable Ownership
Interests in Notes, Pledged Treasury Securities, Pledged Cash or Pledged Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as
applicable, any and all of the rights and remedies available to a secured party under the UCC and the TRADES Regulations after default by a debtor, and as otherwise granted herein or under any applicable law. 

  
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 (c) Without limiting any rights or powers otherwise granted by this Agreement to the Collateral
Agent, the Collateral Agent is hereby irrevocably authorized to receive, collect and apply to the satisfaction of the Obligations all payments with respect to (i) the Notes underlying Pledged Applicable Ownership Interests in Notes (other than
any interest payments thereon), (ii) the Pledged Treasury Securities, the (iii) Pledged Cash and (iv) the Pledged Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of
Applicable Ownership Interest in the Treasury Portfolio), subject, in each case, to the provisions of this Agreement, and as otherwise provided herein. 

(d) Subject to Section 7.04, the Purchase Contract Agent and each Holder agrees that, from time to time, the Purchase Contract Agent, on
behalf of such Holder, shall execute and deliver such further documents and do such other acts and things as the Company may reasonably request in order to maintain the Pledge, and the perfection and priority thereof, and to confirm the rights of
the Collateral Agent hereunder. The Purchase Contract Agent shall have no liability to any Holder for the maintenance of the Pledge or the perfection or priority hereof or for executing any documents, except for liability for its own grossly
negligent acts, its own grossly negligent failure to act or its own willful misconduct. 
 (e) The Collateral Agent, the Securities
Intermediary and the Custodial Agent shall be entitled to all of the rights, protections, privileges and immunities set forth in Article 7 for the benefit of the Purchase Contract Agent. 

ARTICLE 14 

REPRESENTATIONS AND WARRANTIES TO COLLATERAL AGENT;
HOLDER 
 COVENANTS 

Section 14.01. Representations And Warranties. Each Holder from time to time, acting through the Purchase Contract Agent as
attorney-in-fact (it being understood that the Purchase Contract Agent shall not be liable for any representation or warranty made by or on behalf of a Holder), hereby represents and warrants to the Collateral Agent (with respect to such
Holder’s interest in the Collateral), which representations and warranties shall be deemed repeated on each day a Holder effects a Transfer of Collateral, that: 

(a) such Holder has the power to grant a security interest in and lien on the Collateral; 

(b) such Holder is the sole beneficial owner of the Collateral and, in the case of Collateral delivered in physical form, is the sole holder
of such Collateral and is the sole beneficial owner of, or has the right to Transfer, the Collateral it Transfers to the Collateral Agent for credit to the Collateral Account, free and clear of any security interest, lien, encumbrance, call,
liability to pay money or other restriction other than the security interest and lien granted under Article 11; 

  
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 (c) upon the Transfer of the Collateral to the Securities Intermediary for credit to the
Collateral Account, the Collateral Agent, for the benefit of the Company, will have a valid and perfected first priority security interest therein (assuming that any central clearing operation or any securities intermediary or other entity not
within the control of the Holder involved in the Transfer of the Collateral, including the Collateral Agent and the Securities Intermediary, gives the notices and takes the action required of it hereunder and under applicable law for perfection of
that interest and assuming the establishment and exercise of control pursuant to Article 12 hereof); and 
 (d) the execution and
performance by the Holder of its obligations under this Agreement will not result in the creation of any security interest, lien or other encumbrance on the Collateral (other than the security interest and lien granted under Article 11 hereof) or
violate any provision of any existing law or regulation applicable to it or of any mortgage, charge, pledge, indenture, contract or undertaking to which it is a party or which is binding on it or any of its assets. 

Section 14.02. Covenants. The Purchase Contract Agent and the Holders from time to time, acting through the Purchase Contract
Agent as their attorney-in-fact (it being understood that the Purchase Contract Agent shall not be liable for any covenant made by or on behalf of a Holder), hereby covenant to the Collateral Agent that for so long as the Collateral remains subject
to the Pledge: 
 (a) neither the Purchase Contract Agent nor such Holders will create or purport to create or allow to subsist any
mortgage, charge, lien, pledge or any other security interest whatsoever over the Collateral or any part of it other than pursuant to this Agreement; and 

(b) neither the Purchase Contract Agent nor such Holders will sell or otherwise dispose (or attempt to dispose) of the Collateral or any part
of it except for the beneficial interest therein, subject to the Pledge hereunder, transferred in connection with a Transfer of the Units. 

ARTICLE 15 

THE COLLATERAL AGENT, THE CUSTODIAL AGENT
AND THE SECURITIES 
 INTERMEDIARY 

It is hereby agreed as follows: 

Section 15.01. Appointment, Powers and Immunities. The Collateral Agent, the Custodial Agent and the Securities Intermediary shall
act as agent for 

  
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the Company hereunder with such powers as are specifically vested in the Collateral Agent, the Custodial Agent and the Securities Intermediary, as the case may be, by the terms of this Agreement.
The Collateral Agent, the Custodial Agent and Securities Intermediary shall: 
 (a) have no duties, responsibilities, covenants or
obligations except those expressly set forth in this Agreement and no implied covenants, functions, responsibilities, duties, liabilities or obligations shall be inferred from this Agreement against the Collateral Agent, the Custodial Agent or the
Securities Intermediary, nor shall the Collateral Agent, the Custodial Agent or the Securities Intermediary be bound by the provisions of any agreement by any party hereto beyond the specific terms hereof and none of the Collateral Agent, the
Custodial Agent or the Securities Intermediary shall have any fiduciary duty to the Holders or any other Person, and in acting hereunder, the Collateral Agent, Custodial Agent and Securities Intermediary shall act solely as an agent of the Company
and will not thereby assume any obligations towards or relationship of agency or trust for or with any of the Holders or any other third party; 

(b) not be responsible for any recitals contained in this Agreement, or in any certificate or other document referred to or provided for in,
or received by it under, this Agreement or the Units, or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement (other than as against the Collateral Agent, the Custodial Agent or the Securities
Intermediary, as the case may be), the Units, any Collateral or any other document referred to or provided for herein or therein or for any failure by the Company or any other Person (except the Collateral Agent, the Custodial Agent or Securities
Intermediary, as the case may be) to perform any of its obligations hereunder or thereunder or, for the perfection, priority or maintenance of any security interest created hereunder; 

(c) not be required to initiate or conduct any litigation or collection proceedings hereunder (except pursuant to directions furnished under
Section 15.02 hereof, subject to Section 15.08 hereof); 
 (d) not be responsible or liable for any action taken or omitted to be
taken by it hereunder or under any other document or instrument referred to or provided for herein or in connection herewith or therewith or for any loss or injury resulting from its actions or its performance of its duties hereunder, except for its
own gross negligence or willful misconduct as finally determined by a court of competent jurisdiction; 
 (e) not be required to advise any
party as to selling or retaining, or taking or refraining from taking any action with respect to, any securities or other property deposited hereunder; 

  
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 (f) not incur any liability for not performing any act or fulfilling any duty, obligation or
responsibility hereunder by reason of any occurrence beyond the control of the Collateral Agent, the Custodial Agent or the Securities Intermediary (including but not limited to any act or provision of any present or future law or regulation or
governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility); and 

(g) the obligations of the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities Intermediary under this
Agreement are several and not joint. 
 Subject to the foregoing, during the term of this Agreement, the Collateral Agent, the Custodial
Agent and the Securities Intermediary shall take all reasonable action in connection with the safekeeping and preservation of the Collateral hereunder as determined by industry standards. The Collateral Agent, the Securities Intermediary and the
Custodial Agent shall not be responsible for and make no representation as to the existence, genuineness, value or protection of any Collateral, for the legality, effectiveness or sufficiency of any Security Document, or for the creation,
perfection, priority, sufficiency or protection of any liens securing the Notes. 
 The Collateral Agent, the Custodial Agent and the
Securities Intermediary shall only be responsible for transferring money, securities or other property in accordance with the terms herein to the extent that such money, securities or other property is credited to the Collateral Account. 

No provision of this Agreement shall require the Collateral Agent, the Custodial Agent or the Securities Intermediary to expend or risk its
own funds or otherwise incur any liability, financial or otherwise, in the performance of any of its duties or the exercise of any of its rights or powers hereunder. In no event shall the Collateral Agent, the Custodial Agent or the Securities
Intermediary be liable for any amount in excess of the Value of the Collateral. 
 Section 15.02. Instructions of the Company.
The Company shall have the right, by one or more written instruments executed and delivered to the Collateral Agent, to direct the time, method and place of conducting any proceeding for the realization of any right or remedy available to the
Collateral Agent, or of exercising any power conferred on the Collateral Agent, or to direct the taking or refraining from taking of any action authorized by this Agreement; provided, however, that (a) such direction shall not conflict
with the provisions of any law or of this Agreement or involve the Collateral Agent in personal liability and (b) the Collateral Agent shall be indemnified to its satisfaction as provided herein. Nothing contained in this Section 15.02
shall impair the right of the Collateral 

  
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Agent to take any action or omit to take any action which it deems proper and which is not inconsistent with such direction. None of the Collateral Agent, the Custodial Agent or the Securities
Intermediary has any obligation or responsibility to file UCC financing or continuation statements or to take any other actions to create, preserve or maintain the security interest in the Collateral. 

Section 15.03. Reliance by Collateral Agent, Custodial Agent and Securities Intermediary. Each of the Securities Intermediary, the
Custodial Agent and the Collateral Agent shall be entitled to rely conclusively upon any certification, order, judgment, opinion, notice or other written communication (including, without limitation, any thereof by e-mail or similar electronic
means, telecopy or facsimile) believed by it in good faith to be genuine and correct and to have been signed or sent by or on behalf of the proper Person or Persons (without being required to determine the correctness of any fact stated therein) and
consult with and conclusively rely upon advice, opinions and statements of legal counsel and other experts selected by the Collateral Agent, the Custodial Agent or the Securities Intermediary, as the case may be, in each case, at the expense of the
Company. As to any matters not expressly provided for by this Agreement, the Collateral Agent, the Custodial Agent and the Securities Intermediary shall in all cases be fully protected in acting, or in refraining from acting, hereunder in accordance
with instructions given by the Company in accordance with this Agreement. 
 In each case that the Collateral Agent, the Custodial Agent or
the Securities Intermediary may or is required hereunder to take any action, including without limitation to make any determination or judgment, to give consents, to exercise rights, powers or remedies, to release or sell Collateral or otherwise to
act hereunder, the Collateral Agent, the Custodial Agent or Securities Intermediary may seek direction from the Company. The Collateral Agent, the Custodial Agent or Securities Intermediary shall not be liable with respect to any action taken or
omitted to be taken by it in accordance with the direction from the Company. Unless direction or otherwise is expressly provided herein, if the Collateral Agent, the Custodial Agent or the Securities Intermediary shall request direction from the
Company with respect to any action, the Collateral Agent, the Custodial Agent or the Securities Intermediary shall be entitled to refrain from such action unless and until such agent shall have received direction from the Company, and the agent
shall not incur liability to any Person by reason of so refraining. 
 Section 15.04. Certain Rights. (a) Whenever in the
administration of the provisions of this Agreement the Collateral Agent, the Custodial Agent or the Securities Intermediary shall deem it necessary or desirable that a matter be proved or established prior to taking or suffering any action to be
taken hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of gross negligence or willful misconduct on the 

  
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part of the Collateral Agent, the Custodial Agent or the Securities Intermediary, be deemed to be conclusively proved and established by a certificate signed by one of the Company’s
officers, and delivered to the Collateral Agent, the Custodial Agent or the Securities Intermediary and such certificate, in the absence of gross negligence or willful misconduct on the part of the Collateral Agent, the Custodial Agent or the
Securities Intermediary, shall be full warrant to the Collateral Agent, the Custodial Agent or the Securities Intermediary for any action taken, suffered or omitted by it under the provisions of this Agreement upon the faith thereof. 

(b) The Collateral Agent, the Custodial Agent or the Securities Intermediary shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, entitlement order, approval or other paper or document. 

Section 15.05. Merger, Conversion, Consolidation or Succession to Business. Any Person into which the Collateral Agent, the
Custodial Agent or the Securities Intermediary may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Collateral Agent, the Custodial Agent or the Securities
Intermediary shall be a party, or any Person succeeding to all or substantially all of the corporate trust business of the Collateral Agent, the Custodial Agent or the Securities Intermediary shall be the successor of the Collateral Agent, the
Custodial Agent or the Securities Intermediary, provided such Person shall be otherwise qualified and eligible under this Article 15 hereunder without the execution or filing of any paper with any party hereto or any further act on the part
of any of the parties hereto except where an instrument of transfer or assignment is required by law to effect such succession, anything herein to the contrary notwithstanding. 

Section 15.06. Rights in Other Capacities. The Collateral Agent, the Custodial Agent and the Securities Intermediary and their
affiliates may (without having to account therefor to the Company) accept deposits from, lend money to, make their investments in and generally engage in any kind of banking, trust or other business with the Company, the Purchase Contract Agent, any
other Person interested herein and any Holder (and any of their respective subsidiaries or affiliates) as if it were not acting as the Collateral Agent, the Custodial Agent or the Securities Intermediary, as the case may be, and the Collateral
Agent, the Custodial Agent, the Securities Intermediary and their affiliates may accept fees and other consideration from the Company, the Purchase Contract Agent and any Holder without having to account for the same to the Company; provided
that each of the Collateral Agent, the Custodial Agent and the Securities Intermediary covenants and agrees with the Company that it shall not accept, receive or permit there to be created in favor of itself and shall take no affirmative action to
permit there to be created in favor of any other Person, any security interest, lien or other encumbrance of any kind in or upon the Collateral other than the lien created by the Pledge. 

  
 116 

 Section 15.07. Non-reliance on the Collateral Agent, Custodial Agent and Securities
Intermediary. None of the Collateral Agent, the Custodial Agent and the Securities Intermediary shall be required to keep itself informed as to the performance or observance by the Purchase Contract Agent or any Holder of this Agreement, the
Units or any other document referred to or provided for herein or therein or to inspect the properties or books of the Purchase Contract Agent or any Holder. None of the Collateral Agent, the Custodial Agent or the Securities Intermediary shall have
any duty or responsibility to provide the Company with any credit or other information concerning the affairs, financial condition or business of the Purchase Contract Agent or any Holder (or any of their respective affiliates) that may come into
the possession of the Collateral Agent, the Custodial Agent or the Securities Intermediary or any of their respective affiliates. 

Section 15.08. Compensation And Indemnity. The Company agrees to: 

(a) pay the Collateral Agent, the Custodial Agent and the Securities Intermediary from time to time such compensation as shall be agreed in
writing between the Company and the Collateral Agent, the Custodial Agent or the Securities Intermediary, as the case may be, for all services rendered by them hereunder; 

(b) indemnify and hold harmless the Collateral Agent, the Custodial Agent, the Securities Intermediary and each of their respective directors,
officers, agents and employees (collectively, the “Pledge Indemnitees”), from and against any and all claims (whether asserted by the Company, the Purchase Contract Agent or any other Person), liabilities, losses, and reasonable
expenses (including reasonable fees and expenses of counsel) (collectively, “Losses” and individually, a “Loss”) that may be imposed on, incurred by, or asserted against, the Pledge Indemnitees or any of them for
following any instructions, acting upon any notices or other directions (which shall include an instruction, notice or direction not to act) upon which any of the Collateral Agent, the Custodial Agent or the Securities Intermediary is entitled to
conclusively rely pursuant to the terms of this Agreement, provided that the Collateral Agent, the Custodial Agent or the Securities Intermediary has not acted with gross negligence or engaged in willful misconduct with respect to the
specific Loss against which indemnification is sought; and 
 (c) in addition to and not in limitation of paragraph (b) of this
Section 15.08, indemnify and hold the Pledge Indemnitees and each of them harmless from and against any and all Losses that may be imposed on, incurred by or asserted against, the Pledge Indemnitees or any of them in connection with or arising
out of the Collateral Agent’s, the Custodial Agent’s or the Securities 

  
 117 

 
Intermediary’s acceptance or performance of its rights, powers and duties under this Agreement, including but not limited to the rights and powers set forth in Section 15.09, provided
the Collateral Agent, the Custodial Agent or the Securities Intermediary has not acted with gross negligence or engaged in willful misconduct with respect to the specific Loss against which indemnification is sought. 

(d) Notwithstanding any other provision of this Agreement, the Company shall indemnify the Collateral Agent, Custodial Agent and Securities
Intermediary against any liability or loss (including interest and penalties) to the extent such parties act as withholding agents in connection with the Company’s obligation to withhold or deduct an amount of account of tax. 

The provisions of this Section 15.08 and Section 15.14 shall survive the resignation or removal of the Collateral Agent, the
Custodial Agent or the Securities Intermediary and the termination of this Agreement. 
 Section 15.09. Failure to Act. In the
event that, in the good faith belief of the Collateral Agent, the Custodial Agent or the Securities Intermediary, an ambiguity in the provisions of this Agreement arises or any actual dispute between or conflicting claims by or among the parties
hereto or any other Person with respect to any funds or property deposited hereunder has been asserted in writing, then at its sole option, each of the Collateral Agent, the Custodial Agent and the Securities Intermediary shall be entitled, after
prompt notice to the Company and the Purchase Contract Agent, to refuse to comply with any and all claims, demands or instructions with respect to such property or funds so long as such dispute or conflict shall continue, and the Collateral Agent,
the Custodial Agent and the Securities Intermediary, as the case may be, shall not be or become liable in any way to any of the parties hereto for its failure or refusal to comply with such conflicting claims, demands or instructions. The Collateral
Agent, the Custodial Agent and the Securities Intermediary shall be entitled to refuse to act until either: 
 (a) such conflicting or
adverse claims or demands shall have been finally determined by a court of competent jurisdiction or settled by agreement between the conflicting parties as evidenced in a writing satisfactory to the Collateral Agent, the Custodial Agent or the
Securities Intermediary; or 
 (b) the Collateral Agent, the Custodial Agent or the Securities Intermediary shall have received security or
an indemnity satisfactory to it sufficient to hold it harmless from and against any and all loss, liability or reasonable out-of-pocket expense which it may without gross negligence or willful misconduct incur by reason of its acting. 

  
 118 

 The Collateral Agent, the Custodial Agent and the Securities Intermediary may in addition elect
to commence an interpleader action or seek other judicial relief or orders as the Collateral Agent, the Custodial Agent or the Securities Intermediary may deem necessary. Notwithstanding anything contained herein to the contrary, none of the
Collateral Agent, the Custodial Agent or the Securities Intermediary shall be required to take any action that is in its opinion contrary to law or to the terms of this Agreement, or which would in its opinion subject it or any of its officers,
employees or directors to liability. 
 Section 15.10. Resignation of Collateral Agent, the Custodial Agent and the Securities
Intermediary. (a) Subject to the appointment and acceptance of a successor Collateral Agent, Custodial Agent or Securities Intermediary as provided below: 

(i) the Collateral Agent, the Custodial Agent or the Securities Intermediary may resign at any time by giving notice thereof
to the Company and the Purchase Contract Agent as attorney-in-fact for the Holders; 
 (ii) the Collateral Agent, the
Custodial Agent or the Securities Intermediary may be removed at any time by the Company upon written notice thereof; and 

(iii) if the Collateral Agent, the Custodial Agent or the Securities Intermediary fails to perform any of its material
obligations hereunder in any material respect for a period of not less than 20 calendar days after receiving written notice of such failure by the Purchase Contract Agent and such failure shall be continuing, the Collateral Agent, the Custodial
Agent and the Securities Intermediary may be removed by the Purchase Contract Agent, acting at the direction of the Holders of a majority in number of the Outstanding Units. 

The Purchase Contract Agent shall promptly notify the Company upon the transmission of notice as contemplated by clause (iii) of this
Section 15.10(a) and any removal of the Collateral Agent, the Custodial Agent or the Securities Intermediary pursuant to clause (iii) of this Section 15.10. Upon any such resignation or removal, the Company shall have the right to
appoint a successor Collateral Agent, Custodial Agent or Securities Intermediary, as the case may be. If no successor Collateral Agent, Custodial Agent or Securities Intermediary shall have been so appointed and shall have accepted such appointment
within 45 calendar days after the retiring Collateral Agent’s, Custodial Agent’s or Securities Intermediary’s giving of notice of resignation or the Company’s or the Purchase Contract Agent’s giving notice of such removal,
then the retiring or removed Collateral Agent, Custodial Agent or Securities Intermediary may petition any court of competent jurisdiction, at the expense of the Company, for the 

  
 119 

 
appointment of a successor Collateral Agent, Custodial Agent or Securities Intermediary. The Collateral Agent, the Custodial Agent and the Securities Intermediary shall each be a bank or a
national banking association which has an office (or an agency office) in New York City with a combined capital and surplus of at least $50,000,000. Upon the acceptance of any appointment as Collateral Agent, Custodial Agent or Securities
Intermediary hereunder by a successor Collateral Agent, Custodial Agent or Securities Intermediary, as the case may be, such successor Collateral Agent, Custodial Agent or Securities Intermediary, as the case may be, shall thereupon succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent, Custodial Agent or Securities Intermediary, as the case may be, and the retiring Collateral Agent, Custodial Agent or Securities Intermediary, as the
case may be, shall take all appropriate action, subject to payment of any amounts then due and payable to it hereunder, to transfer any money and property held by it hereunder (including the Collateral) to such successor. The retiring Collateral
Agent, Custodial Agent or Securities Intermediary shall, upon such succession, be discharged from its duties and obligations as Collateral Agent, Custodial Agent or Securities Intermediary hereunder. After any retiring Collateral Agent’s,
Custodial Agent’s or Securities Intermediary’s resignation hereunder as Collateral Agent, Custodial Agent or Securities Intermediary, the provisions of this Article 15 shall continue in effect for its benefit in respect of any actions
taken or omitted to be taken by it while it was acting as the Collateral Agent, the Custodial Agent or the Securities Intermediary. Any resignation or removal of the Collateral Agent, the Custodial Agent or the Securities Intermediary hereunder, at
a time when such Person is also acting as the Collateral Agent, the Custodial Agent or the Securities Intermediary, as the case may be, shall be deemed for all purposes of this Agreement as the simultaneous resignation or removal of the Collateral
Agent, the Securities Intermediary or the Custodial Agent, as the case may be. 
 Section 15.11. Right to Appoint Agent or Advisor.
The Collateral Agent shall have the right to appoint agents or advisors in connection with any of its duties hereunder, and the Collateral Agent shall not be liable for any action taken or omitted by, or in conclusive reliance upon the advice
of, such agents or advisors selected in good faith. 
 Section 15.12. Survival. The provisions of this Article 15 shall survive
termination of this Agreement and the resignation or removal of the Collateral Agent, the Custodial Agent or the Securities Intermediary. 

Section 15.13. Exculpation. Anything contained in this Agreement to the contrary notwithstanding, in no event shall the Collateral
Agent, the Custodial Agent or the Securities Intermediary or their officers, directors, employees or agents be liable under this Agreement for indirect, special, punitive, or consequential loss or damage of any kind whatsoever, including, but not
limited to, lost profits, goodwill, reputation, business opportunity or anticipated saving, 

  
 120 

 
whether or not the likelihood of such loss or damage was known to the Collateral Agent, the Custodial Agent or the Securities Intermediary, or any of them and regardless of the form of action.

 Section 15.14. Expenses, Etc. The Company agrees to reimburse the Collateral Agent, the Custodial Agent and the Securities
Intermediary for: 
 (a) all out-of-pocket costs, expenses, disbursements and advances of the Collateral Agent, the Custodial Agent and the
Securities Intermediary (including, without limitation, the reasonable fees and expenses of counsel to the Collateral Agent, the Custodial Agent and the Securities Intermediary), in connection with (i) the negotiation, preparation, execution
and delivery or performance of this Agreement and (ii) any modification, supplement or waiver of any of the terms of this Agreement. The obligations of the Company pursuant to this Section 15.14(a) shall survive the resignation or removal
of the Collateral Agent, the Custodial Agent and the Securities Intermediary and the satisfaction and termination of this Agreement; 
 (b)
all costs and expenses of the Collateral Agent, the Custodial Agent and the Securities Intermediary (including, without limitation, reasonable fees and expenses of counsel) in connection with (i) any enforcement or proceedings resulting or
incurred in connection with causing any Holder to satisfy its obligations under the Purchase Contracts forming a part of the Units and (ii) the enforcement of this Section 15.14 and Section 15.08; 

(c) all transfer, stamp, documentary or other similar taxes, assessments or charges (including any interest and penalties thereon or in
connection therewith) levied by any governmental or revenue authority in respect of this Agreement or any other document referred to herein and all costs, expenses, taxes, assessments and other charges incurred in connection with any filing,
registration, recording or perfection of any security interest contemplated hereby; and 
 (d) all reasonable fees and expenses of any agent
or advisor appointed by the Collateral Agent. 
 ARTICLE 16 

TRUST INDENTURE ACT 

Section 16.01. Trust Indenture Act; Application. As of the date hereof, this Agreement is not subject to the provisions of the
TIA. However, if this Agreement becomes subject to the provisions of the TIA in the future, (a) it will be subject to the provisions thereof that are required or deemed to be a part of this Agreement and shall, to the extent applicable, be
governed by such provisions; and 

  
 121 

 (b) if and to the extent that any provision of this Agreement limits, qualifies or conflicts with
the duties imposed by Sections 310 to 317, inclusive, of the TIA, such imposed duties shall control. 
 Section 16.02. Company to
Furnish Purchase Contract Agent Names and Addresses of Holders. (a) The Company shall furnish or cause to be furnished to the Purchase Contract Agent (i) semiannually, not later than December 1 and June 1 in each year,
commencing December 1, 2010, a list, in such form as the Purchase Contract Agent may reasonably require, of the names and addresses of the Holders of Units as of a date not more than 15 calendar days prior to the delivery thereof, and
(ii) at such other times as the Purchase Contract Agent may request in writing, within 30 calendar days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 calendar days prior
to the time such list is furnished, excluding from any such list names and addresses previously received by the Purchase Contract Agent. 

(b) The Purchase Contract Agent shall comply with its obligations, if any, under Section 311(a) of the TIA, subject to the provisions of
Section 311(b) and Section 312(b) of the TIA. 
 Section 16.03. Preservation of Information; Communications to Holders.
The Purchase Contract Agent shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Purchase Contract Agent as provided in Section 16.02 and
the names and addresses of Holders received by the Purchase Contract Agent. The Purchase Contract Agent may dispose of any list furnished to it as provided in Section 16.02 upon receipt of a new list so furnished. 

The rights of Holders to communicate with other Holders with respect to their rights under this Agreement or under the Units, and the
corresponding rights and privileges of the Purchase Contract Agent, shall be as provided by the TIA. 
 Every Holder of Units, by receiving
and holding the same, agrees with the Company and the Purchase Contract Agent that neither the Company nor the Purchase Contract Agent nor any agent of either of them shall be held accountable by reason of any disclosure of information as to names
and addresses of Holders made pursuant to the TIA. 
 Section 16.04. Reports by Purchase Contract Agent. The Purchase Contract
Agent shall transmit to Holders such reports concerning the Purchase Contract Agent and its actions under this Agreement as may be required pursuant to the TIA at the times and in the manner provided pursuant thereto. If required by

  
 122 

 
Section 313(a) of the TIA, the Purchase Contract Agent shall, within 60 calendar days after each December 15 following the date of this Agreement, deliver to Holders a brief report,
dated as of such December 15, which complies with the provisions of such Section 313(a). 
 A copy of each such report shall, at
the time of such transmission to Holders, be filed by the Purchase Contract Agent with each stock exchange upon which any Units are listed, with the Securities and Exchange Commission and with the Company. The Company will promptly notify the
Purchase Contract Agent when any Units are listed on any stock exchange. 
 Section 16.05. Reports by Company. The Company shall
provide to the Purchase Contract Agent such documents, reports information as required by Section 314(a) (if any) and the compliance certificate required by Section 314(a) of the TIA in the form, in the manner and at the times required by
Section 314(a) of the TIA; provided that any such information, documents or reports required to be filed with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Exchange Act shall be filed with the
Purchase Contract Agent within 15 days after the same is so required to be filed with the Securities and Exchange Commission. 
 Delivery of
such information, documents and reports to the Purchase Contract Agent is for informational purposes only and the Purchase Contract Agent’s receipt of such shall not constitute actual or constructive knowledge or notice of any information
contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Purchase Contract Agent is entitled to rely exclusively on Officer’s
Certificates). 
 Section 16.06. Evidence of Compliance with Conditions Precedent. The Company shall provide to the Purchase
Contract Agent such evidence of compliance with any conditions precedent provided for in this Agreement as and to the extent required by Section 314(c) of the TIA. Any certificate or opinion required to be given by an officer pursuant to
Section 314(c)(1) of the TIA may be given in the form of an Officer’s Certificate. Any opinion required to be given pursuant to Section 314(c)(2) of the TIA may be given in the form of an Opinion of Counsel. 

Section 16.07. Defaults, Waiver. The Holders of a majority of the Outstanding Purchase Contracts voting together as one class may,
by vote or consent, on behalf of all of the Holders, waive any past default by the Company and its consequences, except a default: 
 (a) In
the payment on any Purchase Contract, or 

  
 123 

 (b) In respect of a provision hereof which under Section 8.02 cannot be modified or amended
without the consent of the Holder of each Outstanding Purchase Contract affected. 
 Upon such waiver, any such default shall cease to
exist, and any default by the Company arising therefrom shall be deemed to have been cured, for every purpose of this Agreement, but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 16.08. Purchase Contract Agent’s Knowledge of Defaults. The Purchase Contract Agent shall not be deemed to have
notice or be charged with knowledge of any Fundamental Change, Termination Event or any default hereunder unless a Responsible Officer of the Purchase Contract Agent has received written notice from the Company or any Holder of such Fundamental
Change, Termination Event or default at the Corporate Trust Office of the Purchase Contract Agent, and such notice references the Units and this Agreement and identifies such default. 

Section 16.09. Direction of Purchase Contract Agent. Sections 315(d)(3) and 316(a)(1)(A) of the TIA are hereby expressly excluded
from this Agreement, as permitted by the TIA. 
 ARTICLE 17 

MISCELLANEOUS 

Section 17.01. Security Interest Absolute. All rights of the Collateral Agent and security interests hereunder, and all
obligations of the Holders from time to time hereunder pursuant to the Pledge, shall be absolute and unconditional irrespective of: 
 (a)
any lack of validity or enforceability of any provision of the Purchase Contracts or the Units or any other agreement or instrument relating thereto; 

(b) any change in the time, manner or place of payment of, or any other term of, or any increase in the amount of, all or any of the
obligations of Holders of the Units under the related Purchase Contracts, or any other amendment or waiver of any term of, or any consent to any departure from any requirement of, this Agreement or any Purchase Contract or any other agreement or
instrument relating thereto; or 
 (c) any other circumstance which might otherwise constitute a defense available to, or discharge of, a
borrower, a guarantor or a pledgor. 

  
 124 

 Section 17.02. Notice of Termination Event. Upon the occurrence of a Termination
Event, the Company shall deliver written notice to the Purchase Contract Agent, the Collateral Agent and the Securities Intermediary. 

Section 17.03 U.S.A. Patriot Act. The parties hereto acknowledge that in order to help the United States government fight the
funding of terrorism and money laundering activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act) all financial institutions are required to obtain, verify, record and update
information that identifies each person establishing a relationship or opening an account. The parties to this agreement agree that it will provide to the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities
Intermediary such information as they may request, from time to time, in order for the Agents to satisfy the requirements of the USA PATRIOT Act, including but not limited to the name, address, tax identification number and other information that
will allow it to identify the individual or entity who is establishing the relationship or opening the account and may also ask for formation documents such as articles of incorporation or other identifying documents to be provided. 

[SIGNATURES ON THE FOLLOWING PAGES] 

  
 125 

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

					
	STANLEY BLACK & DECKER, INC.
		
	By:	 	 /s/ Craig Douglas

		 	Name:	 	Craig Douglas
		 	Title:	 	Vice President & Treasurer

 Address for Notices: 
 Stanley
Black & Decker, Inc. 
 1000 Stanley Drive 
 New
Britain, Connecticut 06053 
 Attention: Treasurer and Corporate Secretary 

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

			
	 The Bank of New York Trust
 Company,
National Association, as
 Purchase Contract
 Agent and as
attorney-in-fact of the
 Holders from time to time of the Units

		
	By:	 	 /s/ R. Tarnas

		 	Name:  R. Tarnas
		 	Title:    Vice President

 Address for Notices: 
 The Bank
of New York Mellon Trust Company, National Association 
 2 North LaSalle Street, Suite 1020 

Chicago, Illinois 60602 
 Attention: Global Corporate Trust 

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

			
	 HSBC Bank USA, National

Association, as Collateral Agent,
 Custodial Agent and
Securities
 Intermediary

		
	By:	 	 /s/ Elena Zheng

		 	Name:  Elena Zheng
		 	Title:    Assistant Vice President

 EXHIBIT A 

(FORM OF FACE OF CORPORATE UNITS CERTIFICATE) 

[For inclusion in Global Certificates only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AND PLEDGE
AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY. THIS
CERTIFICATE IS EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO TRANSFER OF THIS CERTIFICATE
(OTHER THAN A TRANSFER OF THIS CERTIFICATE 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) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 

  
 1 

 
			
	 No. R-
 Number of Corporate Units:
	  	 CUSIP No. 854502 804
 ISIN No.
US8545028040

 STANLEY BLACK & 

DECKER, INC. 
 Corporate Units 

This Corporate Units Certificate certifies that
                    is the registered Holder of the number of Corporate Units set forth above [For inclusion in Global Certificates only - or such
other number of Corporate Units reflected in the 

  
 2 

 
Schedule of Increases or Decreases in Global Certificate attached hereto]. Each Corporate Unit consists of (i) an Applicable Ownership Interest in a Note or an Applicable Ownership Interest
in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), subject to the Pledge thereof by such Holder pursuant to the Purchase Contract and Pledge Agreement and
(ii) the rights and obligations of the Holder under one Purchase Contract with the Company. 
 All capitalized terms used herein
without definition herein and which are defined in the Purchase Contract and Pledge Agreement (as defined on the reverse hereof) have the meaning set forth therein. 

Pursuant to the Purchase Contract and Pledge Agreement, the Applicable Ownership Interest in Notes or the Applicable Ownership Interest in the
Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be, constituting part of each Corporate Unit evidenced hereby has been pledged to the Collateral
Agent, for the benefit of the Company, to secure the obligations of the Holder under the Purchase Contract comprising part of such Corporate Unit. 

All payments of the principal amount with respect to the Notes underlying the Pledged Applicable Ownership Interests in Notes or all payments
with respect to the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be, or payments of interest on the Pledged
Applicable Ownership Interests in Notes or distributions with respect to the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (ii) of the definition of Applicable Ownership Interests in the Treasury Portfolio),
as the case may be, constituting part of the Corporate Units shall be paid on the dates and in the manner set forth in the Purchase Contract and Pledge Agreement. Interest on the Notes underlying the Applicable Ownership Interests in Notes or
distributions on the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (ii) of the definition of Applicable Ownership Interests in the Treasury Portfolio), as the case may be, forming part of the Corporate Units
evidenced hereby, which is payable on each Payment Date, shall, subject to receipt thereof by the Purchase Contract Agent, be paid to the Person in whose name this Corporate Units Certificate (or a Predecessor Corporate Units Certificate) is
registered at the close of business on the Record Date for such Payment Date. 
 The Company shall pay, on each Payment Date, in respect of
each Purchase Contract forming part of a Corporate Unit evidenced hereby, an amount (the “Contract Adjustment Payments”) equal to 4.00% per year of the Stated Amount for the period from and including the immediately preceding
Payment Date on which Contract Adjustment Payments were paid (or if none, December 3, 

  
 3 

 
2013) to but excluding such Payment Date. Such Contract Adjustment Payments shall be payable to the Person in whose name this Corporate Units Certificate is registered at the close of business on
the Record Date for such Payment Date. The Company may, at its option, defer such Contract Adjustment Payments as described in the Purchase Contract and Pledge Agreement. The Contract Adjustment Payments are unsecured and will rank subordinate and
junior in right of payment to all of the Company’s existing and future Indebtedness. 
 Each Purchase Contract evidenced hereby
obligates the Holder of this Corporate Units Certificate to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a Purchase Price equal to the Stated Amount, a number of newly issued shares of Common Stock of the Company,
equal to the Settlement Rate, unless on or prior to the Purchase Contract Settlement Date there shall have occurred a Termination Event, an Early Settlement or a Fundamental Change Early Settlement with respect to such Purchase Contract, all as
provided in the Purchase Contract and Pledge Agreement. The Purchase Price for the shares of Common Stock purchased pursuant to each Purchase Contract evidenced hereby, if not paid earlier, shall be paid on the Purchase Contract Settlement Date by
application of payment received in the Final Remarketing of the Notes underlying the Pledged Applicable Ownership Interests in Notes equal to the principal amount thereof or the proceeds of the Pledged Applicable Ownership Interests in the Treasury
Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be, pledged to secure the obligations under such Purchase Contract of the Holder of the Corporate Units of
which such Purchase Contract is a part. 
 Interest on the Notes or distributions on the Applicable Ownership Interest in the Treasury
Portfolio, as the case may be, and the Contract Adjustment Payments will be payable at the office of the Purchase Contract Agent in New York City, except that all payments with respect to Global Certificates will be made by wire transfer of
immediately available funds to the Depositary. If the book-entry system for the Corporate Units has been terminated, the Contract Adjustment Payments will be payable, at the option of the Company, by check mailed to the address of the Person
entitled thereto at such Person’s address as it appears on the Security Register, or by wire transfer to the account designated by such Person by prior written notice to the Purchase Contract Agent, given at least ten calendar days prior to the
Payment Date. 
 Each Purchase Contract evidenced hereby obligates the holder to agree, for United States federal income tax purposes, to
(i) treat its acquisition of the Corporate Units as an acquisition of the Note and Purchase Contract constituting each Corporate Unit, (ii) treat the Notes as indebtedness of the Company and (iii) treat itself as the owner of the
applicable interests in the Collateral Account, including the Notes. 

  
 4 

 Reference is hereby made to the further provisions set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has
been executed by the Purchase Contract Agent by manual signature, this Corporate Units Certificate shall not be entitled to any benefit under the Purchase Contract and Pledge Agreement or be valid or obligatory for any purpose. 

  
 5 

 IN WITNESS WHEREOF, the Company and the Holder specified above have caused this instrument to be
duly executed. 
  

			
	STANLEY BLACK & DECKER, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	HOLDER SPECIFIED ABOVE (as to obligations of such Holder under the Purchase Contracts)
		
	By:	 	 THE BANK OF NEW YORK
 TRUST COMPANY, NATIONAL
ASSOCIATION, not
 individually but solely as attorney-in-fact of such Holder

		
	By:	 	  

		 	Name:
		 	Title:

  

			
	DATED:	 	  

  
 6 

 CERTIFICATE OF AUTHENTICATION 

OF PURCHASE CONTRACT AGENT 
 This
is one of the Corporate Units Certificates referred to in the within mentioned Purchase Contract and Pledge Agreement. 
  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, as Purchase Contract Agent
		
	By:	 	  

		 	Authorized Signatory

  

			
	DATED:	 	  

  
 7 

 (REVERSE OF CORPORATE UNITS CERTIFICATE) 

Each Purchase Contract evidenced hereby is governed by a Purchase Contract and Pledge Agreement, dated as of December 3, 2013 (as may be
supplemented from time to time, the “Purchase Contract and Pledge Agreement”), between the Company and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent (including its successors thereunder,
the “Purchase Contract Agent”), and HSBC Bank USA, National Association, as Collateral Agent, Custodial Agent and Securities Intermediary (including its successors thereunder, the “Collateral Agent”), to which
Purchase Contract and Pledge Agreement and supplemental agreements thereto reference is hereby made for a description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Purchase Contract Agent, the
Collateral Agent, the Company, and the Holders and of the terms upon which the Corporate Units Certificates are, and are to be, executed and delivered. 

Each Purchase Contract evidenced hereby obligates the Holder of this Corporate Units Certificate to purchase, and the Company to sell, on the
Purchase Contract Settlement Date at a price equal to the Stated Amount, a number of shares of Common Stock equal to the Settlement Rate, unless an Early Settlement, a Fundamental Change Early Settlement or a Termination Event with respect to the
Units of which such Purchase Contract is a part shall have occurred. 
 No fractional shares of Common Stock will be issued upon settlement
of Purchase Contracts, as provided in Section 5.07 of the Purchase Contract and Pledge Agreement. 
 Each Purchase Contract evidenced
hereby that is settled through Early Settlement or Fundamental Change Early Settlement shall obligate the Holder of the related Corporate Units to purchase at the Purchase Price, and the Company to sell, a number of newly issued shares of Common
Stock equal to Minimum Settlement Rate (in the case of an Early Settlement) or applicable Settlement Rate (in the case of a Fundamental Change Early Settlement). 

In accordance with the terms of the Purchase Contract and Pledge Agreement, unless a Termination Event shall have occurred, the Holder of this
Corporate Units Certificate shall pay the Purchase Price for the shares of Common Stock purchased pursuant to each Purchase Contract evidenced hereby by effecting an Early Settlement or, if applicable, a Fundamental Change Early Settlement or from
the proceeds of the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio) or the Final Remarketing of the Notes underlying the Pledged
Applicable Ownership Interests in Notes. 

  
 8 

 As provided in the Purchase Contract and Pledge Agreement, upon the occurrence of an Unsuccessful
Final Remarketing as of the Purchase Contract Settlement Date, each Holder of any Pledged Applicable Ownership Interests in Notes shall be deemed to have exercised such Holder’s Put Right with respect to the Notes and to have elected to apply
the Proceeds of the Put Right equal to the aggregate Purchase Price against such Holder’s obligation to pay the aggregate Purchase Price for the shares of Common Stock to be issued under the related Purchase Contracts in full satisfaction of
such Holder’s Obligations under such Purchase Contracts. 
 The Company shall not be obligated to issue any shares of Common Stock in
respect of a Purchase Contract or deliver any certificates therefor to the Holder unless it shall have received payment of the aggregate Purchase Price for the shares of Common Stock to be purchased thereunder in the manner set forth in the Purchase
Contract and Pledge Agreement. 
 Each Purchase Contract evidenced hereby and all obligations and rights of the Company and the Holder
thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Contract Adjustment Payments, shall terminate if a Termination Event shall occur. Upon the occurrence of a Termination
Event, the Company shall give written notice to the Purchase Contract Agent and to the Holders, at their addresses as they appear in the Security Register. Upon and after the occurrence of a Termination Event, the Collateral Agent shall release the
Notes underlying the Pledged Applicable Ownership Interests in Notes or the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of such term) forming a part of each Corporate Unit from the
Pledge. A Corporate Unit shall thereafter represent the right to receive the Notes underlying the Applicable Ownership Interest in the Notes or the Applicable Ownership Interests in the Treasury Portfolio in accordance with the terms of the Purchase
Contract and Pledge Agreement. 
 Under the terms of the Purchase Contract and Pledge Agreement, the Purchase Contract Agent will be
entitled to exercise the voting and any other consensual rights pertaining to the Notes underlying the Pledged Applicable Ownership Interests in Notes, but only to the extent instructed in writing by the Holders. Upon receipt of notice of any
meeting at which holders of Notes are entitled to vote or upon any solicitation of consents, waivers or proxies of holders of Notes, the Purchase Contract Agent shall, as soon as practicable thereafter, mail, first class, postage pre-paid, to the
Holders of Corporate Units the notice required by the Purchase Contract and Pledge Agreement. 
 The Corporate Units Certificates are
issuable only in registered form and only in denominations of a single Corporate Unit and any integral multiple thereof. The transfer of any Corporate Units Certificate will be registered and 

  
 9 

 
Corporate Units Certificates may be exchanged as provided in the Purchase Contract and Pledge Agreement. A Holder who elects to substitute Cash for the Note thereby creating Treasury Units or
Cash Settled Units, shall be responsible for any fees or expenses payable in connection therewith. Except as provided in the Purchase Contract and Pledge Agreement, such Corporate Unit shall not be separable into its constituent parts, and the
rights and obligations of the Holder of such Corporate Unit in respect of the Note and Purchase Contract constituting such Corporate Unit may be transferred and exchanged only as a Corporate Unit. 

Subject to, and in compliance with, the conditions and terms set forth in the Purchase Contract and Pledge Agreement, the Holder of Corporate
Units may effect a Collateral Substitution. From and after such Collateral Substitution, each Unit for which a Treasury Security secures the Holder’s obligations under the Purchase Contract shall be referred to as a “Treasury
Unit”, and each Unit for which Pledged Cash secures the Holder’s obligations under the Purchase Contract shall be referred to as a “Cash Settled Units”. Subject to certain exceptions in the Purchase Contract and Pledge
Agreement, a Holder may make such Collateral Substitution only in integral multiples of 10 Corporate Units for 10 Treasury Units or 10 Cash Settled Units, as the case may be. 

Subject to and upon compliance with the provisions of, and certain exceptions described in, the Purchase Contract and Pledge Agreement, at the
option of the Holder thereof, Purchase Contracts underlying Units may be settled early by effecting an Early Settlement or Fundamental Change Early Settlement as provided in the Purchase Contract and Pledge Agreement. 

Upon registration of transfer of this Corporate Units Certificate, the transferee shall be bound (without the necessity of any other action on
the part of such transferee, except as may be required by the Purchase Contract Agent pursuant to the Purchase Contract and Pledge Agreement), under the terms of the Purchase Contract and Pledge Agreement and the Purchase Contracts evidenced hereby
and the transferor shall be released from the obligations under the Purchase Contracts evidenced by this Corporate Units Certificate. The Company covenants and agrees, and the Holder, by its acceptance hereof, likewise covenants and agrees, to be
bound by the provisions of this paragraph. 
 The Holder of this Corporate Units Certificate, by its acceptance hereof, authorizes the
Purchase Contract Agent to enter into and perform the related Purchase Contracts forming part of the Corporate Units evidenced hereby on its behalf as its attorney-in-fact, expressly withholds any consent to the assumption (i.e., affirmance) of the
Purchase Contracts by the Company or its trustee in the event that the Company becomes the subject of a case under the Bankruptcy Code, agrees to be bound by the terms and provisions thereof, covenants and agrees to perform its obligations under
such Purchase Contracts, consents to the provisions of the Purchase Contract and Pledge Agreement, authorizes the 

  
 10 

 
Purchase Contract Agent to enter into and perform the Purchase Contract and Pledge Agreement on its behalf as its attorney-in-fact, and consents to the Pledge of the Applicable Ownership
Interests in Notes and the underlying Notes or the Applicable Ownership Interests in the Treasury Portfolio (as specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be,
underlying this Corporate Units Certificate pursuant to the Purchase Contract and Pledge Agreement. The Holder further covenants and agrees that, to the extent and in the manner provided in the Purchase Contract and Pledge Agreement, but subject to
the terms thereof, any payments with respect the Notes underlying the Pledged Applicable Ownership Interests in Notes (other than interest payments thereon) or the Proceeds of the Applicable Ownership Interests in the Treasury Portfolio (as
specified in clause (i) of the definition of Applicable Ownership Interest in the Treasury Portfolio), as the case may be, on the Purchase Contract Settlement Date equal to the aggregate Purchase Price for the related Purchase Contracts shall
be paid by the Collateral Agent to the Company in satisfaction of such Holder’s obligations under the related Purchase Contracts and such Holder shall acquire no right, title or interest in such payments. 

Subject to certain exceptions, the provisions of the Purchase Contract and Pledge Agreement may be amended with the consent of the Holders of
a majority of the Purchase Contracts. 
 The Purchase Contracts shall be governed by, and construed in accordance with, the laws of the
State of New York, without giving effect to the conflicts of law provisions thereof to the extent a different law would govern as a result. 

The Purchase Contracts shall not, prior to the settlement thereof, entitle the Holder to any of the rights of a holder of shares of Common
Stock or Common Stock. 
 Prior to due presentment of this Certificate for registration of transfer, the Company, the Purchase Contract
Agent and its Affiliates and any agent of the Company or the Purchase Contract Agent may treat the Person in whose name this Corporate Units Certificate is registered as the owner of the Corporate Units evidenced hereby for the purpose of receiving
payments of interest payable on the Notes underlying the Applicable Ownership Interests in Notes, receiving payments of Contract Adjustment Payments (subject to any applicable record date) and payments of Contract Adjustment Payments (subject to any
applicable record date), performance of the Purchase Contracts and for all other purposes whatsoever, whether or not any payments in respect thereof be overdue and notwithstanding any notice to the contrary, and neither the Company, the Purchase
Contract Agent nor any such agent shall be affected by notice to the contrary. 

  
 11 

 A copy of the Purchase Contract and Pledge Agreement is available for inspection at the offices
of the Purchase Contract Agent during regular business hours. 

  
 12 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

			
	TEN COM:	  	as tenants in common

  

							
	UNIF GIFT MN ACT:	 	  
	 	Custodian	 	  

	(cust)	 	(minor)	 		 	

  

			
	Under Uniform Gifts to Minors Act of
		
	TENANT:	  	as tenants by the entireties
		
	JT TEN:	  	as joint tenants with right of survivorship and not as tenants in common

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
  

 
  

(Please insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) 

 
  
  

(Please Print or Type Name and Address Including Postal Zip Code of Assignee) 

the within Corporate Units Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney, to transfer said Corporate Units
Certificates on the books of Stanley Black & Decker, Inc., with full power of substitution in the premises 
  

							
	Dated:	 	  
	 		 	Signature                                    
    
		 		 		 	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Corporate Units Certificates in every particular, without alteration or enlargement or any change whatsoever.

  

					
	Signature Guarantee:	  	  
	  	

  
 13 

 SETTLEMENT INSTRUCTIONS 

The undersigned Holder directs that a certificate for shares of Common Stock deliverable upon settlement on or after the Purchase Contract
Settlement Date of the Purchase Contracts underlying the number of Corporate Units evidenced by this Corporate Units Certificate be registered in the name of, and delivered to the undersigned at the address indicated below unless a different name
and address have been indicated below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 

 

					
	Dated:	 		 	(if assigned to another person)
			
	If shares are to be registered in the name of and delivered to a Person other than the Holder, please (i) print such Person’s name and address and (ii) provide a guarantee of your signature:	 		 	 REGISTERED HOLDER
  

Please print name and address of registered Holder:

			
	  
	 		 	  

	Name	 		 	Name
			
	  
	 		 	  

	Address	 		 	Address
			
	  
	 		 	  

	  
	 		 	  

	  
	 		 	  

			
	Social Security or other Taxpayer Identification Number, if any	 		 	
	  
	 		 	
	Signature	 		 	

					
	Signature Guarantee:	 	  
	  	

  
 14 

 ELECTION TO SETTLE EARLY/FUNDAMENTAL CHANGE EARLY 

SETTLEMENT 
 The
undersigned Holder of this Corporate Units Certificate hereby irrevocably exercises the option to effect [Early Settlement] [Fundamental Change Early Settlement] in accordance with the terms of the Purchase Contract and Pledge Agreement with respect
to the Purchase Contracts underlying the number of Corporate Units evidenced by this Corporate Units Certificate specified below. The option to effect [Early Settlement] [Fundamental Change Early Settlement] may be exercised only with respect to
Purchase Contracts underlying Corporate Units in multiples of 10 Corporate Units or an integral multiple thereof; provided that if Applicable Ownership Interests in the Treasury Portfolio have replaced Applicable Ownership Interests in the
Notes as a component of the Corporate Units, Corporate Units Holders may only effect [Early Settlement] [Fundamental Change Early Settlement] in multiples of such number of Corporate Units as may be determined by the Remarketing Agent(s) upon a
Successful Remarketing of Notes, which number shall be provided to a Holder by the Company at the request of such Holder. The undersigned Holder directs that a certificate for shares of Common Stock deliverable upon such [Early Settlement]
[Fundamental Change Early Settlement] be registered in the name of, and delivered, together with any Corporate Units Certificate representing any Corporate Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early Settlement]
of the related Purchase Contracts is not effected, to the undersigned at the address indicated below unless a different name and address have been indicated below. Notes underlying Pledged Applicable Ownership Interests in Notes or the Applicable
Ownership Interests in the Treasury Portfolio, as the case may be, deliverable upon such [Early Settlement] [Fundamental Change Early Settlement] will be transferred in accordance with the transfer instructions set forth below. If shares are to be
registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 
  

									
	Dated:	 	  
	 		 	Signature	 	  

  

					
	Signature Guarantee:	 	  
	  	

  
 15 

 Number of Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early
Settlement] of the related Purchase Contracts is being elected: 
  

					
	If shares of Common Stock or Corporate Units Certificates are to be registered in the name of and delivered to and Pledged Notes are to be transferred to a Person other than the Holder, please print such Person’s name and
address:	 		 	 REGISTERED HOLDER
  

Please print name and address of registered Holder:

			
	  
	 		 	  

	Name	 		 	Name
			
	  
	 		 	  

	Address	 		 	Address
			
	  
	 		 	  

	  
	 		 	  

	  
	 		 	  

			
	Social Security or other Taxpayer Identification Number, if any	 		 	
	  
	 		 	

 Transfer Instructions for Notes underlying Pledged Applicable Ownership Interests in Notes or the Applicable
Ownership Interests in the Treasury Portfolio, as the case may be, transferable upon [Early Settlement] [Fundamental Change Early Settlement]: 

  
 16 

 [TO BE ATTACHED TO GLOBAL CERTIFICATES] 

SCHEDULE OF INCREASES OR DECREASES IN 

GLOBAL CERTIFICATE 
 The
initial number of Corporate Units evidenced by this Global Certificate is                     . The following increases or decreases in this Global
Certificate have been made: 
  

									
	 Date
	  	Amount of increase in
number of Corporate
Units evidenced by the
Global Certificate	  	Amount of decrease in
number of Corporate
Units evidenced by the
Global Certificate	  	Number of Corporate
Units evidenced by
this Global Certificate
following such
decrease or increase	  	Signature of
authorized signatory
of Purchase Contract
Agent
		  		  		  		  	
		  		  		  		  	

  
 17 

 EXHIBIT B 

(FORM OF FACE OF TREASURY UNITS CERTIFICATE) 

[For inclusion in Global Certificate only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AND PLEDGE
AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY. THIS
CERTIFICATE IS EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO TRANSFER OF THIS CERTIFICATE
(OTHER THAN A TRANSFER OF THIS CERTIFICATE 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) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 

  
 1 

			
	No. TR–	  	CUSIP No. 854502 119
	Number of Treasury Units: 0	  	ISIN No. US8545021193

  
 2 

 STANLEY BLACK & DECKER, INC. 

Treasury Units 
 This Treasury
Units Certificate certifies that                      is the registered Holder of the number of Treasury Units set forth above [For inclusion in
Global Certificates only - or such other number of Treasury Units reflected in the Schedule of Increases or Decreases in Global Certificate attached hereto]. Each Treasury Unit consists of (i) an undivided beneficial ownership interest in a
Treasury Security, subject to the Pledge of such Treasury Security by such Holder pursuant to the Purchase Contract and Pledge Agreement, and (ii) the rights and obligations of the Holder under one Purchase Contract with the Company. 

All capitalized terms used herein that are defined in the Purchase Contract and Pledge Agreement (as defined on the reverse hereof) have the
meaning set forth therein. 
 Pursuant to the Purchase Contract and Pledge Agreement, the Treasury Security underlying each Treasury Unit
evidenced hereby has been pledged to the Collateral Agent, for the benefit of the Company, to secure the obligations of the Holder under the Purchase Contract comprising part of such Treasury Unit. 

The Company shall pay, on each Payment Date, in respect of each Purchase Contract forming part of a Treasury Unit evidenced hereby, an amount
(the “Contract Adjustment Payments”) equal to 4.00% per year of the Stated Amount. Such Contract Adjustment Payments shall be payable to the Person in whose name this Treasury Units Certificate is registered at the close of
business on the Record Date for such Payment Date. The Company may, at its option, defer such Contract Adjustment Payments, as described in the Purchase Contract and Pledge Agreement. The Contract Adjustment Payments are unsecured and will rank
subordinate and junior in right of payment to all of the Company’s existing and future Indebtedness. 
 Each Purchase Contract
evidenced hereby obligates the Holder of this Treasury Units Certificate to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a Purchase Price equal to the Stated Amount, a number of newly issued shares of Common Stock
of the Company, equal to the Settlement Rate, unless prior to or on the Purchase Contract Settlement Date there shall have occurred a Termination Event, an Early Settlement or a Fundamental Change Early Settlement with respect to such Purchase
Contract, all as provided in the Purchase Contract and Pledge Agreement. The Purchase Price for the shares of Common Stock purchased pursuant to each Purchase Contract evidenced hereby, if not paid earlier, shall be paid on the Purchase Contract
Settlement Date by application of the proceeds from the Treasury Security pledged to secure the obligations under such Purchase Contract of the Holder of the Treasury Units of which such Purchase Contract is a part. 

  
 3 

 Contract Adjustment Payments will be payable at the office of the Purchase Contract Agent in New
York City, except that Contract Adjustment Payments with respect to Global Certificates will be made by wire transfer of immediately available funds to the Depositary. If the book-entry system for the Corporate Units has been terminated, the
Contract Adjustment Payments will be payable, at the option of the Company, by check mailed to the address of the Person entitled thereto at such Person’s address as it appears on the Security Register, or by wire transfer to the account
designated by such Person by prior written notice to the Purchase Contract Agent, given at least ten calendar days prior to the Payment Date. 

Each Purchase Contract evidenced hereby obligates the holder to agree, for United States federal income tax purposes, to (i) treat its
acquisition of the Treasury Units as an acquisition of the Treasury Security and Purchase Contracts constituting the Treasury Units and (ii) treat itself as the owner of the applicable Treasury Security. 

Reference is hereby made to the further provisions set forth on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Purchase Contract
Agent by manual signature, this Treasury Units Certificate shall not be entitled to any benefit under Purchase Contract and Pledge Agreement or be valid or obligatory for any purpose. 

  
 4 

 IN WITNESS WHEREOF, the Company and the Holder specified above have caused this instrument to be
duly executed. 
  

			
	STANLEY BLACK & DECKER, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	HOLDER SPECIFIED ABOVE (as to obligations of such Holder under the Purchase Contracts)
		
	By:	 	THE BANK OF NEW YORK TRUST COMPANY, NATIONAL ASSOCIATION, not individually but solely as attorney-in-fact of such Holder
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	DATED:	 	  

  
 5 

 CERTIFICATE OF AUTHENTICATION OF 

PURCHASE CONTRACT AGENT 

This is one of the Treasury Units referred to in the within mentioned Purchase Contract and Pledge Agreement. 

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, as Purchase Contract Agent
		
	By:	 	  

		 	Authorized Signatory

  

			
	DATED:	 	  

  
 6 

 (REVERSE OF TREASURY UNITS CERTIFICATE) 

Each Purchase Contract evidenced hereby is governed by a Purchase Contract and Pledge Agreement, dated as of December 3, 2013 (as may be
supplemented from time to time, the “Purchase Contract and Pledge Agreement”) between the Company and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent (including its successors thereunder,
herein called the “Purchase Contract Agent”), and HSBC Bank USA, National Association, as Collateral Agent, Custodial Agent and Securities Intermediary (including its successors thereunder, the “Collateral Agent”),
to which Purchase Contract and Pledge Agreement and supplemental agreements thereto reference is hereby made for a description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Purchase Contract
Agent, the Collateral Agent, the Company and the Holders and of the terms upon which the Treasury Units Certificates are, and are to be, executed and delivered. 

Each Purchase Contract evidenced hereby obligates the Holder of this Treasury Units Certificate to purchase, and the Company to sell, on the
Purchase Contract Settlement Date at a price equal to the Stated Amount, a number of newly issued shares of Common Stock equal to the Settlement Rate, unless an Early Settlement, a Fundamental Change Early Settlement or a Termination Event with
respect to the Unit of which such Purchase Contract is a part shall have occurred. 
 No fractional shares of Common Stock will be issued
upon settlement of Purchase Contracts, as provided in Section 5.07 of the Purchase Contract and Pledge Agreement. 
 Each Purchase
Contract evidenced hereby that is settled through Early Settlement or Fundamental Change Early Settlement shall obligate the Holder of the related Treasury Units to purchase at the Purchase Price and the Company to sell, a number of newly issued
shares of Common Stock equal to the Minimum Settlement Rate (in the case of an Early Settlement) or applicable Settlement Rate (in the case of a Fundamental Change Early Settlement). 

In accordance with the terms of the Purchase Contract and Pledge Agreement, the Holder of this Treasury Units Certificate shall pay the
Purchase Price for the shares of the Common Stock to be purchased pursuant to each Purchase Contract evidenced hereby either by effecting an Early Settlement or, if applicable, a Fundamental Change Early Settlement of each such Purchase Contract or
by applying the proceeds of the Treasury Security underlying such Holder’s Treasury Unit equal to the Purchase Price for such Purchase Contract to the purchase of the Common Stock. 

  
 7 

 The Company shall not be obligated to issue any shares of Common Stock in respect of a Purchase
Contract or deliver any certificates therefor to the Holder unless it shall have received payment of the aggregate Purchase Price for the shares of Common Stock to be purchased thereunder in the manner set forth in the Purchase Contract and Pledge
Agreement. 
 Each Purchase Contract evidenced hereby and all obligations and rights of the Company and the Holder thereunder, shall
terminate if a Termination Event shall occur. Upon the occurrence of a Termination Event, the Company shall give written notice to the Purchase Contract Agent and the Holders, at their addresses as they appear in the Security Register. Upon and
after the occurrence of a Termination Event, the Collateral Agent shall release the Treasury Security underlying each Treasury Unit from the Pledge. A Treasury Unit shall thereafter represent the right to receive the Treasury Security underlying
such Treasury Unit, in accordance with the terms of the Purchase Contract and Pledge Agreement. 
 The Treasury Units Certificates are
issuable only in registered form and only in denominations of a single Treasury Unit and any integral multiple thereof. The transfer of any Treasury Units Certificate will be registered and Treasury Units Certificates may be exchanged as provided in
the Purchase Contract and Pledge Agreement. A Holder who elects to substitute Notes for the Treasury Security, thereby recreating Corporate Units, shall be responsible for any fees or expenses payable in connection therewith. Except as provided in
the Purchase Contract and Pledge Agreement, such Treasury Unit shall not be separable into its constituent parts, and the rights and obligations of the Holder of such Treasury Unit in respect of the Treasury Security and the Purchase Contract
constituting such Treasury Unit may be transferred and exchanged only as a Treasury Unit. 
 Subject to, and in compliance with, the
conditions and terms set forth in the Purchase Contract and Pledge Agreement, the Holder of Treasury Units may effect a Collateral Substitution. From and after such substitution, each Unit for which Pledged Notes secure the Holder’s obligations
under the Purchase Contract shall be referred to as a “Corporate Unit”. Subject to certain exceptions described in the Purchase Contract and Pledge Agreement, a Holder may make such Collateral Substitution only in integral multiples
of 10 Treasury Units for 10 Corporate Units. 
 Subject to and upon compliance with the provisions of the Purchase Contract and Pledge
Agreement, at the option of the Holder thereof, Purchase Contracts underlying Units may be settled early by effecting an Early Settlement or a Fundamental Change Early Settlement as provided in the Purchase Contract and Pledge Agreement. 

  
 8 

 Upon registration of transfer of this Treasury Units Certificate, the transferee shall be bound
(without the necessity of any other action on the part of such transferee, except as may be required by the Purchase Contract Agent pursuant to the Purchase Contract and Pledge Agreement), under the terms of the Purchase Contract and Pledge
Agreement and the Purchase Contracts evidenced hereby and the transferor shall be released from the obligations under the Purchase Contracts evidenced by this Treasury Units Certificate. The Company covenants and agrees, and the Holder, by its
acceptance hereof, likewise covenants and agrees, to be bound by the provisions of this paragraph. 
 The Holder of this Treasury Units
Certificate, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the related Purchase Contracts forming part of the Treasury Units evidenced hereby on its behalf as its attorney-in-fact, expressly withholds any
consent to the assumption (i.e., affirmance) of the Purchase Contracts by the Company or its trustee in the event that the Company becomes the subject of a case under the Bankruptcy Code, agrees to be bound by the terms and provisions thereof,
covenants and agrees to perform its obligations under such Purchase Contracts, consents to the provisions of the Purchase Contract and Pledge Agreement, authorizes the Purchase Contract Agent to enter into and perform the Purchase Contract and
Pledge Agreement on its behalf as its attorney-in-fact, and consents to the Pledge of the Treasury Security underlying this Treasury Units Certificate pursuant to the Purchase Contract and Pledge Agreement. The Holder further covenants and agrees,
that, to the extent and in the manner provided in the Purchase Contract and Pledge Agreement, but subject to the terms thereof, payments in respect of the Treasury Security on the Purchase Contract Settlement Date equal to the aggregate Purchase
Price for the related Purchase Contracts shall be paid by the Collateral Agent to the Company in satisfaction of such Holder’s obligations under such Purchase Contracts and such Holder shall acquire no right, title or interest in such payments.

 Subject to certain exceptions, the provisions of the Purchase Contract and Pledge Agreement may be amended with the consent of the
Holders of a majority of the Purchase Contracts. 
 The Purchase Contracts shall be governed by, and construed in accordance with, the laws
of the State of New York, without giving effect to the conflicts of law provisions thereof to the extent a different law would govern as a result. 

The Purchase Contracts shall not, prior to the settlement thereof, entitle the Holder to any of the rights of a holder of shares of Common
Stock or Common Stock. 
 Prior to due presentment of this Certificate for registration of transfer, the Company, the Purchase Contract
Agent and its Affiliates and any agent of the 

  
 9 

 
Company or the Purchase Contract Agent may treat the Person in whose name this Treasury Units Certificate is registered as the owner of the Treasury Units evidenced hereby for the purpose of
receiving payments of Contract Adjustment Payments (subject to any applicable record date), performance of the Purchase Contracts and for all other purposes whatsoever, whether or not any payments in respect thereof be overdue and notwithstanding
any notice to the contrary, and neither the Company, the Purchase Contract Agent nor any such agent shall be affected by notice to the contrary. 

A copy of the Purchase Contract and Pledge Agreement is available for inspection at the offices of the Purchase Contract Agent during regular
business hours. 

  
 10 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

			
	TEN COM:	  	as tenants in common

  

							
	UNIF GIFT MN ACT:	 	  
	 	Custodian	 	  

	(cust)	 	(minor)	 		 	

  

			
	Under Uniform Gifts to Minors Act of
		
	TENANT:	  	as tenants by the entireties
		
	JT TEN:	  	as joint tenants with right of survivorship and not as tenants in common

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
  

 
  

(Please insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) 

 
  
  

(Please Print or Type Name and Address Including Postal Zip Code of Assignee) 

the within Treasury Units Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney, to transfer said Treasury Units
Certificates on the books of Stanley Black & Decker, Inc., with full power of substitution in the premises 
  

							
	Dated:	 	  
	 		  	Signature
                                        

		 		 		  	 NOTICE: The signature to this assignment must correspond with the name as it appears upon the face

of the within Treasury Units Certificates in every particular, without alteration or enlargement or

any change whatsoever.

  

					
	Signature Guarantee:	 	  
	  	

  
 11 

 SETTLEMENT INSTRUCTIONS 

The undersigned Holder directs that a certificate for shares of Common Stock deliverable upon settlement on or after the Purchase Contract
Settlement Date of the Purchase Contracts underlying the number of Treasury Units evidenced by this Treasury Units Certificate be registered in the name of, and delivered, together with a check in payment for any fractional share, to the undersigned
at the address indicated below unless a different name and address have been indicated below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 

 

					
	Dated:	 		  	(if assigned to another person)
			
	If shares are to be registered in the name of and delivered to a Person other than the Holder, please (i) print such Person’s name and address and (ii) provide a guarantee of your signature:	 		  	 REGISTERED HOLDER
  

Please print name and address of registered Holder:

			
	  
	 		  	  

	Name	 		  	Name
			
	  
	 		  	  

	Address	 		  	Address
			
	  
	 		  	  

	  
	 		  	  

	  
	 		  	  

			
	Social Security or other Taxpayer Identification Number, if any	 		  	
	  
	 		  	
	Signature	 		  	

					
	Signature Guarantee:	 	  
	  	

  
 12 

 ELECTION TO SETTLE EARLY/FUNDAMENTAL CHANGE EARLY 

SETTLEMENT 
 The
undersigned Holder of this Treasury Units Certificate hereby irrevocably exercises the option to effect [Early Settlement] [Fundamental Change Early Settlement] in accordance with the terms of the Purchase Contract and Pledge Agreement with respect
to the Purchase Contracts underlying the number of Treasury Units evidenced by this Treasury Units Certificate specified below. The option to effect [Early Settlement] [Fundamental Change Early Settlement] may be exercised only with respect to
Purchase Contracts underlying Treasury Units in multiples of 10 Treasury Units or an integral multiple thereof. The undersigned Holder directs that a certificate for shares of Common Stock deliverable upon such [Early Settlement] [Fundamental Change
Early Settlement] be registered in the name of, and delivered, together with any Treasury Units Certificate representing any Treasury Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early Settlement] of the related Purchase
Contracts is not effected, to the undersigned at the address indicated below unless a different name and address have been indicated below. Proceeds of the relevant Treasury Security deliverable upon such [Early Settlement] [Fundamental Change Early
Settlement] will be transferred in accordance with the transfer instructions set forth below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident thereto. 

 

									
	Dated:	 	  
	 		 	Signature	 	  

  

					
	Signature Guarantee:	 	  
	  	

 Number of Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early Settlement] of the
related Purchase Contracts is being elected: 
  

					
	If shares of Common Stock or Treasury Units Certificates are to be registered in the name of and delivered to and Proceeds of the relevant Treasury Security are to be transferred to a Person other than the Holder, please
print such Person’s name and address:	 		 	REGISTERED HOLDER
	 		 	Please print name and address of registered Holder:
			
	  
	 		 	  

	Name	 		 	Name
	  
	 		 	  

	Address	 		 	Address

  
 13 

					
	  
	 		 	  

	  
	 		 	  

	  
	 		 	  

			
	Social Security or other Taxpayer Identification Number, if any	 		 	
	  
	 		 	
	REGISTERED HOLDER	 		 	

 Transfer Instructions for Proceeds of the applicable Treasury Security Transferable upon [Early Settlement]
[Fundamental Change Early Settlement]: 

  
 14 

 [TO BE ATTACHED TO GLOBAL CERTIFICATES] 

SCHEDULE OF INCREASES OR DECREASES IN 

GLOBAL CERTIFICATE 
 The
initial number of Treasury Units evidenced by this Global Certificate is 0. The following increases or decreases in this Global Certificate have been made: 
  

									
	 Date
	  	Amount of increase in
number of Treasury
Units evidenced by the
Global Certificate	  	Amount of decrease in
number of Treasury
Units evidenced by the
Global Certificate	  	Number of Treasury
Units evidenced by
this Global Certificate
following such
decrease or increase	  	Signature of
authorized signatory
of Purchase Contract
Agent
		  		  		  		  	
		  		  		  		  	

  
 15 

 EXHIBIT C 

(FORM OF FACE OF CASH SETTLED UNITS CERTIFICATE) 

[For inclusion in Global Certificate only - THIS CERTIFICATE IS A GLOBAL CERTIFICATE WITHIN THE MEANING OF THE PURCHASE CONTRACT AND PLEDGE
AGREEMENT HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF CEDE & CO., AS NOMINEE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”), THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY. THIS
CERTIFICATE IS EXCHANGEABLE FOR CERTIFICATES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE PURCHASE CONTRACT AND PLEDGE AGREEMENT AND NO TRANSFER OF THIS CERTIFICATE
(OTHER THAN A TRANSFER OF THIS CERTIFICATE 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) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND
ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 

  
 1 

			
	No. CA–	  	CUSIP No. 854502 127
	Number of Cash Settled Units: 0	  	ISIN No. US8545021276

  
 2 

 STANLEY BLACK & DECKER, INC. 

Cash Settled Units 
 This Cash
Settled Units Certificate certifies that                      is the registered Holder of the number of Cash Settled Units set forth above [For
inclusion in Global Certificates only - or such other number of Cash Settled Units reflected in the Schedule of Increases or Decreases in Global Certificate attached hereto]. Each Cash Settled Unit consists of (i) $100 in Cash, subject to the
Pledge of such Cash by such Holder pursuant to the Purchase Contract and Pledge Agreement, and (ii) the rights and obligations of the Holder under one Purchase Contract with the Company. 

All capitalized terms used herein that are defined in the Purchase Contract and Pledge Agreement (as defined on the reverse hereof) have the
meaning set forth therein. 
 Pursuant to the Purchase Contract and Pledge Agreement, the Cash underlying each Cash Settled Unit evidenced
hereby have been pledged to the Collateral Agent, for the benefit of the Company, to secure the obligations of the Holder under the Purchase Contract comprising part of such Cash Settled Unit. 

The Company shall pay, on each Payment Date, in respect of each Purchase Contract forming part of a Cash Settled Unit evidenced hereby, an
amount (the “Contract Adjustment Payments”) equal to 4.00% per year of the Stated Amount. Such Contract Adjustment Payments shall be payable to the Person in whose name this Cash Settled Units Certificate is registered at the
close of business on the Record Date for such Payment Date. The Company may, at its option, defer such Contract Adjustment Payments, as described in the Purchase Contract and Pledge Agreement. The Contract Adjustment Payments are unsecured and will
rank subordinate and junior in right of payment to all of the Company’s existing and future Indebtedness. 
 Each Purchase Contract
evidenced hereby obligates the Holder of this Cash Settled Units Certificate to purchase, and the Company to sell, on the Purchase Contract Settlement Date at a Purchase Price equal to the Stated Amount, a number of newly issued shares of Common
Stock of the Company, equal to the Settlement Rate, unless prior to or on the Purchase Contract Settlement Date there shall have occurred a Termination Event, an Early Settlement or a Fundamental Change Early Settlement with respect to such Purchase
Contract, all as provided in the Purchase Contract and Pledge Agreement. The Purchase Price for the shares of Common Stock purchased pursuant to each Purchase Contract evidenced hereby shall be paid on the Purchase Contract Settlement Date by
application of the Cash pledged to secure the obligations under such Purchase Contract of the Holder of the Cash Settled Units of which such Purchase Contract is a part. 

  
 3 

 Contract Adjustment Payments will be payable at the office of the Purchase Contract Agent in New
York City, except that Contract Adjustment Payments with respect to Global Certificates will be made by wire transfer of immediately available funds to the Depositary. If the book-entry system for the Corporate Units has been terminated, the
Contract Adjustment Payments will be payable, at the option of the Company, by check mailed to the address of the Person entitled thereto at such Person’s address as it appears on the Security Register, or by wire transfer to the account
designated by such Person by prior written notice to the Purchase Contract Agent, given at least ten calendar days prior to the Payment Date. 

Each Purchase Contract evidenced hereby obligates the holder to agree, for United States federal income tax purposes, to (i) treat its
acquisition of the Cash Settled Units as an acquisition of the Cash and Purchase Contracts constituting the Cash Settled Units and (ii) treat itself as the owner of the Cash. 

Reference is hereby made to the further provisions set forth on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Purchase Contract
Agent by manual signature, this Cash Settled Units Certificate shall not be entitled to any benefit under Purchase Contract and Pledge Agreement or be valid or obligatory for any purpose. 

  
 4 

 IN WITNESS WHEREOF, the Company and the Holder specified above have caused this instrument to be
duly executed. 
  

			
	STANLEY BLACK & DECKER, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	HOLDER SPECIFIED ABOVE (as to obligations of such Holder under the Purchase Contracts)
		
	By:	 	THE BANK OF NEW YORK TRUST COMPANY, NATIONAL ASSOCIATION, not individually but solely as attorney-in-fact of such Holder
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	DATED:	 	  

  
 5 

 CERTIFICATE OF AUTHENTICATION OF 

PURCHASE CONTRACT AGENT 

This is one of the Cash Settled Units referred to in the within mentioned Purchase Contract and Pledge Agreement. 

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, as Purchase Contract Agent
		
	By:	 	  

		 	Authorized Signatory

  

			
	DATED:	 	  

  
 6 

 (REVERSE OF CASH SETTLED UNITS CERTIFICATE) 

Each Purchase Contract evidenced hereby is governed by a Purchase Contract and Pledge Agreement, dated as of December 3, 2013 (as may be
supplemented from time to time, the “Purchase Contract and Pledge Agreement”) between the Company and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent (including its successors thereunder,
herein called the “Purchase Contract Agent”), and HSBC Bank USA, National Association, as Collateral Agent, Custodial Agent and Securities Intermediary (including its successors thereunder, the “Collateral Agent”),
to which Purchase Contract and Pledge Agreement and supplemental agreements thereto reference is hereby made for a description of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Purchase Contract
Agent, the Collateral Agent, the Company and the Holders and of the terms upon which the Cash Settled Units Certificates are, and are to be, executed and delivered. 

Each Purchase Contract evidenced hereby obligates the Holder of this Cash Settled Units Certificate to purchase, and the Company to sell, on
the Purchase Contract Settlement Date at a price equal to the Stated Amount, a number of newly issued shares of Common Stock equal to the Settlement Rate, unless an Early Settlement, a Fundamental Change Early Settlement or a Termination Event with
respect to the Unit of which such Purchase Contract is a part shall have occurred. 
 No fractional shares of Common Stock will be issued
upon settlement of Purchase Contracts, as provided in Section 5.07 of the Purchase Contract and Pledge Agreement. 
 Each Purchase
Contract evidenced hereby that is settled through Early Settlement or Fundamental Change Early Settlement shall obligate the Holder of the related Cash Settled Units to purchase at the Purchase Price and the Company to sell, a number of newly issued
shares of Common Stock equal to the Minimum Settlement Rate (in the case of an Early Settlement) or applicable Settlement Rate (in the case of a Fundamental Change Early Settlement). 

In accordance with the terms of the Purchase Contract and Pledge Agreement, the Holder of this Cash Settled Units Certificate shall pay the
Purchase Price for the shares of the Common Stock to be purchased pursuant to each Purchase Contract evidenced hereby either by effecting an Early Settlement or, if applicable, a Fundamental Change Early Settlement of each such Purchase Contract or
by applying the Cash underlying such Holder’s Cash Settled Unit equal to the Purchase Price for such Purchase Contract to the purchase of the Common Stock. 

  
 7 

 As provided in the Purchase Contract and Pledge Agreement, upon the occurrence of an Unsuccessful
Final Remarketing as of the Purchase Contract Settlement Date each Holder of any Cash Settled Units shall be deemed to have elected to apply the Cash component of such Holder’s Cash Settled Units to satisfy such Holder’s obligation to pay
the aggregate Purchase Price for the shares of Common Stock to be issued under the related Purchase Contracts in full satisfaction of such Holder’s Obligations under such Purchase Contracts. 

The Company shall not be obligated to issue any shares of Common Stock in respect of a Purchase Contract or deliver any certificates therefor
to the Holder unless it shall have received payment of the aggregate Purchase Price for the shares of Common Stock to be purchased thereunder in the manner set forth in the Purchase Contract and Pledge Agreement. 

Each Purchase Contract evidenced hereby and all obligations and rights of the Company and the Holder thereunder, shall terminate if a
Termination Event shall occur. Upon the occurrence of a Termination Event, the Company shall give written notice to the Purchase Contract Agent and the Holders, at their addresses as they appear in the Security Register. Upon and after the
occurrence of a Termination Event, the Collateral Agent shall release the Cash underlying each Cash Settled Unit from the Pledge. A Cash Settled Unit shall thereafter represent the right to receive the Cash underlying such Cash Settled Unit, in
accordance with the terms of the Purchase Contract and Pledge Agreement. 
 The Cash Settled Units Certificates are issuable only in
registered form and only in denominations of a single Cash Settled Unit and any integral multiple thereof. The transfer of any Cash Settled Units Certificate will be registered and Cash Settled Units Certificates may be exchanged as provided in the
Purchase Contract and Pledge Agreement. Except as provided in the Purchase Contract and Pledge Agreement, a Cash Settled Unit shall not be separable into its constituent parts, and the rights and obligations of the Holder of such Cash Settled Unit
in respect of the Cash and the Purchase Contract constituting such Cash Settled Unit may be transferred and exchanged only as a Cash Settled Unit. 

Subject to and upon compliance with the provisions of the Purchase Contract and Pledge Agreement, at the option of the Holder thereof,
Purchase Contracts underlying Units may be settled early by effecting an Early Settlement or a Fundamental Change Early Settlement as provided in the Purchase Contract and Pledge Agreement. 

Upon registration of transfer of this Cash Settled Units Certificate, the transferee shall be bound (without the necessity of any other action
on the part of such transferee, except as may be required by the Purchase Contract Agent pursuant to the Purchase Contract and Pledge Agreement), under the terms of the Purchase Contract and Pledge Agreement and the Purchase Contracts evidenced

  
 8 

 
hereby and the transferor shall be released from the obligations under the Purchase Contracts evidenced by this Cash Settled Units Certificate. The Company covenants and agrees, and the Holder,
by its acceptance hereof, likewise covenants and agrees, to be bound by the provisions of this paragraph. 
 The Holder of this Cash Settled
Units Certificate, by its acceptance hereof, authorizes the Purchase Contract Agent to enter into and perform the related Purchase Contracts forming part of the Cash Settled Units evidenced hereby on its behalf as its attorney-in-fact, expressly
withholds any consent to the assumption (i.e., affirmance) of the Purchase Contracts by the Company or its trustee in the event that the Company becomes the subject of a case under the Bankruptcy Code, agrees to be bound by the terms and provisions
thereof, covenants and agrees to perform its obligations under such Purchase Contracts, consents to the provisions of the Purchase Contract and Pledge Agreement, authorizes the Purchase Contract Agent to enter into and perform the Purchase Contract
and Pledge Agreement on its behalf as its attorney-in-fact, and consents to the Pledge of the Cash underlying this Cash Settled Units Certificate pursuant to the Purchase Contract and Pledge Agreement. The Holder further covenants and agrees, that,
to the extent and in the manner provided in the Purchase Contract and Pledge Agreement, but subject to the terms thereof, on the Purchase Contract Settlement Date an amount of Pledged Cash equal to the aggregate Purchase Price for the related
Purchase Contracts shall be paid by the Collateral Agent to the Company in satisfaction of such Holder’s obligations under such Purchase Contracts. 

Subject to certain exceptions, the provisions of the Purchase Contract and Pledge Agreement may be amended with the consent of the Holders of
a majority of the Purchase Contracts. 
 The Purchase Contracts shall be governed by, and construed in accordance with, the laws of the
State of New York, without giving effect to the conflicts of law provisions thereof to the extent a different law would govern as a result. 

The Purchase Contracts shall not, prior to the settlement thereof, entitle the Holder to any of the rights of a holder of shares of Common
Stock or Common Stock. 
 Prior to due presentment of this Certificate for registration of transfer, the Company, the Purchase Contract
Agent and its Affiliates and any agent of the Company or the Purchase Contract Agent may treat the Person in whose name this Cash Settled Units Certificate is registered as the owner of the Cash Settled Units evidenced hereby for the purpose of
receiving payments of Contract Adjustment Payments (subject to any applicable record date), performance of the Purchase Contracts and for all other purposes whatsoever, whether or not any payments in respect thereof be overdue and notwithstanding
any notice to the contrary, and neither the Company, the Purchase Contract Agent nor any such agent shall be affected by notice to the contrary. 

  
 9 

 A copy of the Purchase Contract and Pledge Agreement is available for inspection at the offices
of the Purchase Contract Agent during regular business hours. 

  
 10 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

			
	TEN COM:	  	as tenants in common

  

							
	UNIF GIFT MN ACT:	 	  
	 	Custodian	 	  

	(cust)	 	(minor)	 		 	

  

			
	Under Uniform Gifts to Minors Act of
		
	TENANT:	  	as tenants by the entireties
		
	JT TEN:	  	as joint tenants with right of survivorship and not as tenants in common

 Additional abbreviations may also be used though not in the above list. 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
  

 
  

(Please insert Social Security or Taxpayer I.D. or other Identifying Number of Assignee) 

 
  
  

(Please Print or Type Name and Address Including Postal Zip Code of Assignee) 

the within Cash Settled Units Certificates and all rights thereunder, hereby irrevocably constituting and appointing attorney, to transfer said Cash Settled
Units Certificates on the books of Stanley Black & Decker, Inc., with full power of substitution in the premises 
  

							
	Dated:	 	  
	 		 	Signature
                                        

		 		 		 	 NOTICE: The signature to this assignment must correspond with the name as it appears upon the face

of the within Cash Settled Units Certificates in every particular, without alteration or enlargement or

any change whatsoever.

  

					
	Signature Guarantee:	 	  
	  	

  
 11 

 SETTLEMENT INSTRUCTIONS 

The undersigned Holder directs that a certificate for shares of Common Stock deliverable upon settlement on or after the Purchase Contract
Settlement Date of the Purchase Contracts underlying the number of Cash Settled Units evidenced by this Cash Settled Units Certificate be registered in the name of, and delivered, together with a check in payment for any fractional share, to the
undersigned at the address indicated below unless a different name and address have been indicated below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident
thereto. 
  

					
	Dated:	 		 	(if assigned to another person)
			
	If shares are to be registered in the name of and delivered to a Person other than the Holder, please (i) print such Person’s name and address and (ii) provide a guarantee of your signature:	 		 	REGISTERED HOLDER
	 		 	Please print name and address of registered Holder:
			
	  
	 		 	  

	Name	 		 	Name
			
	  
	 		 	  

	Address	 		 	Address
			
	  
	 		 	  

	  
	 		 	  

	  
	 		 	  

			
	Social Security or other Taxpayer Identification Number, if any	 		 	
	  
	 		 	
	Signature	 		 	

					
	Signature Guarantee:	 	  
	  	

  
 12 

 ELECTION TO SETTLE EARLY/FUNDAMENTAL CHANGE EARLY 

SETTLEMENT 
 The
undersigned Holder of this Cash Settled Units Certificate hereby irrevocably exercises the option to effect [Early Settlement] [Fundamental Change Early Settlement] in accordance with the terms of the Purchase Contract and Pledge Agreement with
respect to the Purchase Contracts underlying the number of Cash Settled Units evidenced by this Cash Settled Units Certificate specified below. The option to effect [Early Settlement] [Fundamental Change Early Settlement] may be exercised only with
respect to Purchase Contracts underlying Cash Settled Units in multiples of 10 Cash Settled Units or an integral multiple thereof. The undersigned Holder directs that a certificate for shares of Common Stock deliverable upon such [Early Settlement]
[Fundamental Change Early Settlement] be registered in the name of, and delivered, together with any Cash Settled Units Certificate representing any Cash Settled Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early
Settlement] of the related Purchase Contracts is not effected, to the undersigned at the address indicated below unless a different name and address have been indicated below. Pledged Cash deliverable upon such [Early Settlement] [Fundamental Change
Early Settlement] will be transferred in accordance with the transfer instructions set forth below. If shares are to be registered in the name of a Person other than the undersigned, the undersigned will pay any transfer tax payable incident
thereto. 
  

									
	Dated:	 	  
	 		 	Signature	 	  

  

					
	Signature Guarantee:	 	  
	  	

 Number of Units evidenced hereby as to which [Early Settlement] [Fundamental Change Early Settlement] of the
related Purchase Contracts is being elected: 
  

					
	If shares of Common Stock or Cash Settled Units Certificates are to be registered in the name of and delivered to and Pledged Cash is to be transferred to a Person other than the Holder, please print such Person’s
name and address:	 		 	REGISTERED HOLDER
	 		 	Please print name and address of registered Holder:
			
	  
	 		 	  

	Name	 		 	Name
	  
	 		 	  

	Address	 		 	Address

  
 13 

					
	  
	 		 	  

	  
	 		 	  

	  
	 		 	  

			
	Social Security or other Taxpayer Identification Number, if any	 		 	
	  
	 		 	
	REGISTERED HOLDER	 		 	

 Transfer Instructions for Pledged Cash Transferable upon [Early Settlement] [Fundamental Change Early
Settlement]: 

  
 14 

 [TO BE ATTACHED TO GLOBAL CERTIFICATES] 

SCHEDULE OF INCREASES OR DECREASES IN 

GLOBAL CERTIFICATE 
 The
initial number of Cash Settled Units evidenced by this Global Certificate is 0. The following increases or decreases in this Global Certificate have been made: 
  

									
	 Date
	  	Amount of increase in
number of Cash
Settled Units
evidenced by the
Global Certificate	  	Amount of decrease in
number of Cash
Settled Units
evidenced by the
Global Certificate	  	Number of Cash
Settled Units
evidenced by this
Global Certificate
following
such
decrease or increase	  	Signature of
authorized signatory
of Purchase Contract
Agent
		  		  		  		  	
		  		  		  		  	

  
 15 

 EXHIBIT D 

INSTRUCTION TO PURCHASE CONTRACT AGENT FROM HOLDER 

(To Create Treasury Units or Corporate Units) 

The Bank of New York Mellon Trust Company, National Association, 

as Purchase Contract Agent 
 [Address] 

 

	Re:	[             Corporate Units] [             Treasury Units] of Stanley Black & Decker,
Inc., a Connecticut corporation (the “Company”). 

 The undersigned Holder hereby notifies you that it has
delivered to HSBC Bank USA, National Association, as Securities Intermediary, for credit to the Collateral Account, $         [Value of Notes] [Cash] in exchange for [proceeds of the Treasury Security
corresponding to                     Treasury Units (the “Treasury Unit Proceeds”)] [an equal Value of Notes underlying Pledged
Applicable Ownership Interests in Notes] held in the Collateral Account, in accordance with the Purchase Contract and Pledge Agreement, dated as of December 3, 2013 (the “Agreement”; unless otherwise defined herein, terms
defined in the Agreement are used herein as defined therein), among you, the Company, the Collateral Agent, the Custodial Agent and the Securities Intermediary. The undersigned Holder has paid all applicable fees and expenses relating to such
exchange. The undersigned Holder hereby instructs you to instruct the Collateral Agent to release to you on behalf of the undersigned Holder the [Notes underlying Pledged Applicable Ownership Interests in Notes] [Treasury Unit Proceeds] related to
such [Corporate Units] [Treasury Units]. 
  

									
	Dated:	 	  
	 		 	Signature:	 	  

  

					
	Signature Guarantee:	  	  
	  	

  

					
	Please print name and address of registered Holder:	 		 	
			
	  
	 		 	  

	Name	 		 	Social Security or other Taxpayer Identification Number, if any
			
	Address	 		 	
	  
	 		 	

  
 1 

 EXHIBIT E 

INSTRUCTION TO PURCHASE CONTRACT AGENT FROM HOLDER 

(To Create Cash Settled Units) 
 The Bank of New
York Mellon Trust Company, National Association, 
 as Purchase Contract Agent 

[Address] 
  

	Re:	             Cash Settled Units of Stanley Black & Decker, Inc., a Connecticut corporation (the “Company”). 

The undersigned Holder hereby notifies you that it has delivered to HSBC Bank USA, National Association, as Securities Intermediary, for
credit to the Collateral Account, $         in exchange for an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes held in the Collateral Account, in accordance with the Purchase
Contract and Pledge Agreement, dated as of December 3, 2013 (the “Agreement”; unless otherwise defined herein, terms defined in the Agreement are used herein as defined therein), among you, the Company, the Collateral Agent,
the Custodial Agent and the Securities Intermediary. The undersigned Holder has paid all applicable fees and expenses relating to such exchange. The undersigned Holder hereby instructs you to instruct the Collateral Agent to release to you on behalf
of the undersigned Holder the Notes underlying Pledged Applicable Ownership Interests in Notes related to such Corporate Units. 
  

									
	Dated:	 	  
	 		 	Signature:	 	  

  

					
	Signature Guarantee:	  	  
	  	

  

					
	Please print name and address of registered Holder:	 		 	
			
	  
	 		 	  

	Name	 		 	Social Security or other Taxpayer Identification Number, if any
			
	Address	 		 	
	  
	 		 	
	  
	 		 	
	  
	 		 	

  
 1 

 EXHIBIT F 

NOTICE FROM PURCHASE CONTRACT AGENT 

TO HOLDERS UPON TERMINATION EVENT 

(Transfer of Collateral upon Occurrence of a Termination Event) 

[HOLDER] 
 Attention: 

Telecopy: 
 Re:
[             Corporate Units] [             Treasury Units]
[             Cash Settled Units] of Stanley Black & Decker, Inc., a Connecticut corporation (the “Company”) 

Please refer to the Purchase Contract and Pledge Agreement, dated as of December [3], 2013 (the “Purchase Contract and Pledge
Agreement”; unless otherwise defined herein, terms defined in the Purchase Contract and Pledge Agreement are used herein as defined therein), among the Company, the undersigned, as Purchase Contract Agent and as attorney-in-fact for the
holders of Corporate Units and Treasury Units from time to time, and HSBC Bank USA, National Association, as the Collateral Agent, the Custodial Agent and the Securities Intermediary. 

We hereby notify you that a Termination Event has occurred and that [the Notes underlying the Pledged Applicable Ownership Interests in Notes]
[the Pledged Applicable Ownership Interests in the Treasury Portfolio] [the Proceeds of the Treasury Security] [Pledged Cash] comprising a portion of your ownership interest in
                     [Corporate Units] [Treasury Units] [Cash Settled Units] have been released and are being held by us for your account pending
receipt of transfer instructions with respect to such [Notes] [Pledged Applicable Ownership Interests in the Treasury Portfolio] [Proceeds of the Treasury Security] [Pledged Cash] (the “Released Securities”). 

Pursuant to Section 3.16 of the Purchase Contract and Pledge Agreement, we hereby request written transfer instructions with respect to
the Released Securities. Upon receipt of your instructions and upon transfer to us of your [Corporate Units] [Treasury Units] [Cash Settled Units] effected through book-entry or by delivery to us of your [Corporate Units Certificate] [Treasury Units
Certificate] [Cash Settled Units Certificate], we shall transfer the Released Securities by [book-entry transfer] [wire transfer] or other appropriate procedures, in accordance with your instructions. In the event you fail to effect such transfer or
delivery, the Released Securities and any distributions thereon, shall be held in our name, or a nominee in trust for your benefit, until such time as such [Corporate Units] [Treasury Units] [Cash Settled Units] are transferred or your

  
 1 

 
[Corporate Units Certificate] [Treasury Units Certificate] [Cash Settled Units Certificate] is surrendered or satisfactory evidence is provided that such [Corporate Units Certificate] [Treasury
Units Certificate] [Cash Settled Units Certificate] has been destroyed, lost or stolen, together with any indemnification that we or the Company may require. 

 

							
	Date:	 	  
	 		 	THE BANK OF NEW YORK MELLON TRUST
		 		 		 	COMPANY, NATIONAL ASSOCIATION, as Purchase Contract Agent
				
		 		 		 	  

		 		 		 	Name
		 		 		 	Title
		 		 		 	Authorized Signatory

  
 2 

 EXHIBIT G 

INSTRUCTION 
 FROM
PURCHASE CONTRACT AGENT 
 TO COLLATERAL AGENT 

(Creation of Treasury Units) 
 HSBC Bank USA,
National Association, 
 as Collateral Agent 
 452 Fifth Avenue

 New York, NY 10018 
 Attention: Corporate Trust and Loan
Agency 
 Fax: (212) 525-1300 
 Re: Corporate Units of
Stanley Black & Decker, Inc. (the “Company”) 
 Please refer to the Purchase Contract and Pledge Agreement, dated
as of December 3, 2013 (the “Agreement”), among the Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and the undersigned, as Purchase Contract Agent and as attorney-in-fact for the holders
of Corporate Units from time to time. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 
 We
hereby notify you in accordance with Section 3.13 of the Agreement that the holder of securities named below (the “Holder”) has elected to substitute
[                    ] Treasury Securities in exchange for an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes
relating to Corporate Units and has delivered to the undersigned a notice stating that the Holder has Transferred such Cash to the Securities Intermediary, for credit to the Collateral Account. 

We hereby request that you instruct the Securities Intermediary, upon confirmation that such Cash has been credited to the Collateral Account,
to release to the undersigned an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes or security entitlements with respect thereto related to
                     Corporate Units of such Holder in accordance with Section 3.13 of the Agreement. 

  
 1 

 
							
	Date:	 	  
	 		 	The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact of the Holders from time to time of the Units
		 		 		 
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
		 		 		 	Authorized Signatory

 Please print name and address of Holder electing to substitute Cash for the Notes underlying Pledged
Applicable Ownership Interests in Notes: 
  

					
	Please print name and address of registered Holder:	 		 	
			
	  
	 		 	  

	 Name:
	 		 	Social Security or other Taxpayer Identification Number, if any
			
	 Address
	 		 	
	  
	 		 	
	  
	 		 	

  
 2 

 EXHIBIT H 

INSTRUCTION 
 FROM
COLLATERAL AGENT 
 TO SECURITIES INTERMEDIARY 

(Creation of Treasury Units) 
 HSBC Bank USA,
National Association, 
 as Securities Intermediary 
 452 Fifth
Avenue 
 New York, NY 10018 
 Attention: Corporate Trust and
Loan Agency 
 Fax: (212) 525-1300 
 Re: Corporate Units
of Stanley Black & Decker, Inc. (the “Company”) 
 This notice relates to the securities account of HSBC Bank USA,
National Association, as Collateral Agent, maintained by the Securities Intermediary and designated “HSBC Bank USA, National Association, as Collateral Agent of Stanley Black & Decker, Inc., as pledgee of The Bank of New York Mellon
Trust Company, National Association, as the Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders” (the “Collateral Account”). 

Please refer to the Purchase Contract and Pledge Agreement, dated as of December 3, 2013 (the “Agreement”), among the
Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units from
time to time. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 
 When you have confirmed
that [                    ] Treasury Securities have been credited to the Collateral Account by or for the benefit of
                    , as Holder of Corporate Units (the “Holder”), you are hereby instructed to release from the Collateral Account
an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes or security entitlements with respect thereto relating to
                     Corporate Units of the Holder by Transfer to the Purchase Contract Agent. 

  
 1 

 
							
	Date:	 	  
	 		 	HSBC Bank USA, National Association, as Collateral Agent
				
		 		 		 	  

				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
		 		 		 	Authorized Signatory

  
 2 

 EXHIBIT I 

INSTRUCTION 
 FROM
PURCHASE CONTRACT AGENT 
 TO COLLATERAL AGENT 

(Creation of Cash Settled Units) 
 HSBC Bank USA,
National Association, 
 as Collateral Agent 
 452 Fifth Avenue

 New York, NY 10018 
 Attention: Corporate Trust and Loan
Agency 
 Fax: (212) 525-1300 
 Re: Corporate Units of
Stanley Black & Decker, Inc. (the “Company”) 
 Please refer to the Purchase Contract and Pledge Agreement, dated
as of December 3, 2013 (the “Agreement”), among the Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and the undersigned, as Purchase Contract Agent and as attorney-in-fact for the holders
of Corporate Units from time to time. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 
 We
hereby notify you in accordance with Section 3.13 of the Agreement that the holder of securities named below (the “Holder”) has elected to substitute $[        ] of Cash in exchange for
an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes relating to Corporate Units and has delivered to the undersigned a notice stating that the Holder has Transferred such Cash to the Securities Intermediary, for credit
to the Collateral Account. 
 We hereby request that you instruct the Securities Intermediary, upon confirmation that such Cash has been
credited to the Collateral Account, to release to the undersigned an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes or security entitlements with respect thereto related to
                     Corporate Units of such Holder in accordance with Section 3.13 of the Agreement. 

  
 1 

 
							
	Date:	 	  
	 		 	The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact of the Holders from time to time of the Units
		 		 		 
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
		 		 		 	Authorized Signatory

 Please print name and address of Holder electing to substitute Cash for the Notes underlying Pledged
Applicable Ownership Interests in Notes: 
  

					
	Please print name and address of registered Holder:	 		 	
			
	  
	 		 	  

	 Name:
	 		 	Social Security or other Taxpayer Identification Number, if any
			
	 Address
	 		 	
	  
	 		 	
	  
	 		 	

  
 2 

 EXHIBIT J 

INSTRUCTION 
 FROM
COLLATERAL AGENT 
 TO SECURITIES INTERMEDIARY 

(Creation of Cash Settled Units) 
 HSBC Bank USA,
National Association, 
 as Securities Intermediary 
 452 Fifth
Avenue 
 New York, NY 10018 
 Attention: Corporate Trust and
Loan Agency 
 Fax: (212) 525-1300 
 Re: Corporate Units
of Stanley Black & Decker, Inc. (the “Company”) 
 This notice relates to the securities account of HSBC Bank USA,
National Association, as Collateral Agent, maintained by the Securities Intermediary and designated “HSBC Bank USA, National Association, as Collateral Agent of Stanley Black & Decker, Inc., as pledgee of The Bank of New York Mellon
Trust Company, National Association, as the Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders” (the “Collateral Account”). 

Please refer to the Purchase Contract and Pledge Agreement, dated as of December 3, 2013 (the “Agreement”), among the
Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units from
time to time. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 
 When you have confirmed
that $         of Cash has been credited to the Collateral Account by or for the benefit of
                    , as Holder of Corporate Units (the “Holder”), you are hereby instructed to release from the Collateral Account
an equal Value of Notes underlying Pledged Applicable Ownership Interests in Notes or security entitlements with respect thereto relating to              Corporate Units of the Holder by
Transfer to the Purchase Contract Agent. 

  
 1 

 
							
	Date:	 	  
	 		 	HSBC Bank USA, National Association, as Collateral Agent
				
		 		 		 	  

				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
		 		 		 	Authorized Signatory

  
 2 

 EXHIBIT K 

INSTRUCTION 
 FROM
PURCHASE CONTRACT AGENT 
 TO COLLATERAL AGENT 

(Recreation of Corporate Units) 
 HSBC Bank USA,
National Association, 
 as Collateral Agent 
 452 Fifth Avenue

 New York, NY 10018 
 Attention: Corporate Trust and Loan
Agency 
 Fax: (212) 525-1300 
  

	Re:	Treasury Units of Stanley Black & Decker, Inc. (the “Company”) 

Please refer to the Purchase Contract and Pledge Agreement dated as of December 3, 2013 (the “Agreement”), among the
Company, you, as Collateral Agent, as Securities Intermediary and as Custodial Agent, and the undersigned, as Purchase Contract Agent and as attorney-in-fact for the holders of Treasury Units from time to time. Capitalized terms used herein but not
defined shall have the meaning set forth in the Agreement. 
 We hereby notify you in accordance with Section 3.15 of the Agreement
that the holder of securities named below (the “Holder”) has elected to substitute $[        ] Value of Notes or security entitlements with respect thereto in exchange for the Treasury
Securities relating to [            ] Treasury Units and has delivered to the undersigned a notice stating that the holder has Transferred such Notes or security entitlements with respect
thereto to the Securities Intermediary, for credit to the Collateral Account. 
 We hereby request that you instruct the Securities
Intermediary, upon confirmation that such Notes or security entitlements with respect thereto have been credited to the Collateral Account, to release to the undersigned the proceeds of the Treasury Security related to
[            ] Treasury Units of such Holder in accordance with Section 3.15 of the Agreement. 

 

							
	Date:	 	  
	 		 	The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent
		 		 		 
				
		 		 		 	  

		 		 		 	Name:
		 		 		 	Title:
		 		 		 	Authorized Signatory

  
 1 

 
					
	Please print name and address of registered Holder:	 		 	
			
	  
	 		 	  

	 Name:
	 		 	Social Security or other Taxpayer Identification Number, if any
			
	 Address
	 		 	
	  
	 		 	
	  
	 		 	

  
 2 

 EXHIBIT L 

INSTRUCTION 
 FROM
COLLATERAL AGENT 
 TO SECURITIES INTERMEDIARY 

(Recreation of Corporate Units) 
 HSBC Bank USA,
National Association, 
 as Securities Intermediary 
 452 Fifth
Avenue 
 New York, NY 10018 
 Attention: Corporate Trust and
Loan Agency 
 Fax: (212) 525-1300 
 Re: Treasury Units of
Stanley Black & Decker, Inc. (the “Company”) 
 This notice relates to the securities account of HSBC Bank USA,
National Association, as Collateral Agent, maintained by the Securities Intermediary and designated “HSBC Bank USA, National Association, as Collateral Agent of Stanley Black & Decker, Inc., as pledgee of The Bank of New York Mellon
Trust Company, National Association, as the Purchase Contract Agent on behalf of and as attorney-in-fact for the Holders” (the “Collateral Account”). 

Please refer to the Purchase Contract and Pledge Agreement dated as of December 3, 2013 (the “Agreement”), among the
Company, you, as Securities Intermediary, Custodial Agent and Collateral Agent, and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact for the holders of Treasury Units from time to
time. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 
 When you have confirmed that $[—] Value of Notes or security entitlements with respect thereto has been credited to the Collateral Account by or for the benefit of [—], as Holder of
Treasury Units (the “Holder”), you are hereby instructed to release from the Collateral Account the Treasury Securities corresponding to [—] Treasury Units by Transfer to the
Purchase Contract Agent. 
  

									
	Date:	 	  
	 		 	HSBC Bank USA, National Association, as Collateral Agent
				
		 		 		 	  

					
		 		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
		 		 		 	Authorized Signatory

  
 1 

 EXHIBIT M 

INSTRUCTION FROM HOLDER OF SEPARATE NOTES TO 

CUSTODIAL AGENT REGARDING REMARKETING 

HSBC Bank USA, National Association, 
 as Custodial Agent 

452 Fifth Avenue 
 New York, NY 10018 

Attention: Corporate Trust and Loan Agency 
 Fax:
(212) 525-1300 
  

	Re:	Notes of Stanley Black & Decker, Inc. (the “Company”) 

 The
undersigned Holder hereby notifies you in accordance with Section 5.02(e) of the Purchase Contract and Pledge Agreement, dated as of December 3, 2013 (the “Agreement”), among the Company, you, as Collateral Agent,
Custodial Agent and Securities Intermediary, and The Bank of New York Mellon Trust Company, National Association, as the Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units, Treasury Units and Cash Settled Units from
time to time, that the undersigned elects to deliver $[—] aggregate principal amount of Separate Notes for delivery to a Remarketing Agent prior to a Remarketing, other than during a Blackout
Period, for remarketing pursuant to Section 5.02(e) of the Agreement. The undersigned will, upon request of a Remarketing Agent, execute and deliver any additional documents deemed by such Remarketing Agent or by the Company to be necessary or
desirable to complete the sale, assignment and transfer of the Separate Notes tendered hereby. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 

The undersigned hereby instructs you, upon receipt of the Proceeds of a Successful Remarketing from the Remarketing Agent, to deliver such
Proceeds to the undersigned in accordance with the instructions indicated herein under “A. Payment Instructions.” The undersigned hereby instructs you, in the event of an Unsuccessful Remarketing, upon receipt of the Separate Notes
tendered herewith from the Remarketing Agents, to deliver such Separate Notes to the person(s) and the address(es) indicated herein under “B. Delivery Instructions.” 

With this notice, the undersigned hereby (i) represents and warrants that the undersigned has full power and authority to tender, sell,
assign and transfer the Separate Notes tendered hereby and that the undersigned is the record owner of any Separate Notes tendered herewith in physical form or a participant in The Depository Trust Company (“DTC”) and the beneficial
owner of any Separate Notes tendered herewith by book-entry transfer to your account at DTC, (ii) 

  
 1 

 
agrees to be bound by the terms and conditions of Section 5.02 of the Agreement and (iii) acknowledges and agrees that after the close of business on the second Business Day immediately
preceding the first day of the Applicable Remarketing Period, such election shall become an irrevocable election to have such Separate Notes remarketed in each Remarketing during the Applicable Remarketing Period, and that the Separate Notes
tendered herewith will only be returned in the event of an Unsuccessful Remarketing. 
  

							
	    Date:	 	  
	 		 	

  

							
		 		 	  By:	 	  

		 		 	  Name:	 	
		 		 	  Title:	 	

  

							
		 		 		 	  

		 		 	 Signature Guarantee:	 	  

		 		 		 	  

  

					
	  
	 		 	  

	Name:	 		 	Social Security or other Taxpayer Identification Number, if any
			
	  
	 		 	
	 Address
	 		 	
	  
	 		 	
	  
	 		 	

  
 2 

	A.	PAYMENT INSTRUCTIONS 

 Proceeds of a Successful Remarketing should be paid by check in the name
of the person(s) set forth below and mailed to the address set forth below. 
 Name(s) 

(Please Print) 
 Address 

(Please Print) 
 (Zip Code) 

(Tax Identification or Social Security Number) 
 B. DELIVERY
INSTRUCTIONS 
 In the event of an Unsuccessful Remarketing, Notes which are in physical form should be delivered to the person(s) set forth
below and mailed to the address set forth below. 
 Name(s) 

(Please Print) 
 Address 

(Please Print) 
 (Zip Code) 

(Tax Identification or Social Security Number) 

In the event of an Unsuccessful Remarketing, Notes which are in book-entry form should be credited to the account at The Depository Trust
Company set forth below. 
 DTC Account Number 
 Name of
Account Party: 

  
 3 

 EXHIBIT N 

INSTRUCTION FROM HOLDER OF SEPARATE 

NOTES TO CUSTODIAL AGENT 

REGARDING WITHDRAWAL FROM REMARKETING 

HSBC Bank USA, National Association, 
 as Custodial Agent 

452 Fifth Avenue 
 New York, NY 10018 

Attention: Corporate Trust and Loan Agency 
 Fax:
(212) 525-1300 
  

	Re:	Notes, of Stanley Black & Decker, Inc. (the “Company”) 

 The
undersigned Holder hereby notifies you in accordance with Section 5.02(e) of the Purchase Contract and Pledge Agreement, dated as of December 3, 2013 (the “Agreement”), among the Company and you, as Collateral Agent,
Custodial Agent and Securities Intermediary, and The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units, Treasury Units and Cash Settled Units from time
to time, that the undersigned elects to withdraw the $[—] aggregate principal amount of Separate Notes delivered to you for Remarketing pursuant to Section 5.02 of the Agreement. The
undersigned hereby instructs you to return such Separate Notes to the undersigned in accordance with the undersigned’s instructions. With this notice, the Undersigned hereby agrees to be bound by the terms and conditions of Section 5.02 of
the Agreement. Capitalized terms used herein but not defined shall have the meaning set forth in the Agreement. 
  

							
	    Date:	 	  
	 		 	

  

							
		 		 	  By:	 	  

		 		 	  Name:	 	
		 		 	  Title:	 	

  

							
		 		 		 	  

		 		 	 Signature Guarantee:	 	  

		 		 		 	  

  

					
	  
	 		 	  

	Name:	 		 	Social Security or other Taxpayer Identification Number, if any
			
	  
	 		 	
	 Address:
	 		 	
	  
	 		 	
	  
	 		 	

  
 1 

 EXHIBIT O 

NOTIFICATION FROM PURCHASE CONTRACT AGENT TO 

COLLATERAL AGENT REGARDING FUNDAMENTAL CHANGE 

EARLY SETTLEMENT 
 HSBC Bank USA, National
Association, 
 as Custodial Agent 
 452 Fifth Avenue 

New York, NY 10018 
 Attention: Corporate Trust and Loan Agency

 Fax: (212) 525-1300 
  

	Re:	Notes of Stanley Black & Decker, Inc. (the “Company”) 

 The undersigned hereby
notifies you in accordance with Section 5.04(a) of the Purchase Contract and Pledge Agreement, dated as of December 3, 2013 (the “Agreement”), among the Company and you, as Collateral Agent, Custodial Agent and Securities
Intermediary, and the undersigned, as Purchase Contract Agent and as attorney-in-fact for the holders of Corporate Units, Treasury Units and Cash Settled Units from time to time, that all the conditions necessary for a Fundamental Change Early
Settlement (as defined in the Agreement) by the below specified Holder have been satisfied pursuant to which the undersigned has received from such Holder, and paid to the Company as confirmed in writing by the Company, the below specified Purchase
Price or Notes having an aggregate principal amount equal to such Purchase Price. 
  

			
	Holder:	 	  

 

			
	Purchase Price:	 	  

 

			
	Notes:	 	  

  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, as Purchase Contract Agent
		
	By:	 	  

		 	Authorized Signatory

  

			
	DATED:Fourth Supplemental Indenture

 Exhibit 4.3 

EXECUTION VERSION 
 FOURTH
SUPPLEMENTAL INDENTURE 
 dated as of December 3, 2013 

between 
 STANLEY BLACK &
DECKER, INC., 
 Issuer 
 and

 HSBC BANK USA, NATIONAL ASSOCIATION, 

Trustee 
 to 

INDENTURE 
 dated as of
November 22, 2005 

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	PAGE	 
	ARTICLE 1	  
	DEFINITIONS	  
			
	 Section 1.01.
	 	 Definition of Terms
	  	 	1	  
	 Section 1.02.
	 	 Interpretation
	  	 	5	  
	
	ARTICLE 2	  
	GENERAL TERMS AND CONDITIONS OF THE NOTES	  
			
	 Section 2.01.
	 	 Designation and Principal Amount
	  	 	5	  
	 Section 2.02.
	 	 Maturity
	  	 	5	  
	 Section 2.03.
	 	 Form and Payment
	  	 	5	  
	 Section 2.04.
	 	 Global Note
	  	 	6	  
	 Section 2.05.
	 	 Interest
	  	 	7	  
	 Section 2.06.
	 	 Deferral of Interest
	  	 	8	  
	 Section 2.07.
	 	 No Sinking Fund or Defeasance; Satisfaction and Discharge
	  	 	9	  
	 Section 2.08.
	 	 Increase and Decrease
	  	 	9	  
	
	ARTICLE 3	  
	ORIGINAL ISSUE OF NOTES	  
			
	 Section 3.01.
	 	 Original Issue of Notes
	  	 	10	  
	
	ARTICLE 4	  
	SUBORDINATION	  
			
	 Section 4.01.
	 	 Agreement to Subordinate
	  	 	10	  
	 Section 4.02.
	 	 Default on Senior Indebtedness
	  	 	11	  
	 Section 4.03.
	 	 Liquidation; Dissolution; Bankruptcy
	  	 	11	  
	 Section 4.04.
	 	 Subrogation
	  	 	13	  
	 Section 4.05.
	 	 Trustee to Effectuate Subordination
	  	 	13	  
	 Section 4.06.
	 	 Notice by the Company
	  	 	14	  
	 Section 4.07.
	 	 Rights of the Trustee; Holders of Senior Indebtedness
	  	 	14	  
	 Section 4.08.
	 	 Subordination May Not Be Impaired
	  	 	15	  
	 Section 4.09.
	 	 No Right to Rely on Other Covenants
	  	 	15	  
	
	ARTICLE 5	  
	FORM OF NOTE	  
			
	 Section 5.01.
	 	 Form of Note
	  	 	16	  

  
 i 

							
	
	ARTICLE 6	  
	SUPPLEMENTAL INDENTURES	  
	 Section 6.01.
	 	 Without Holder Consent
	  	 	16	  
	 Section 6.02. 
	 	 Amendments to the Trust Indenture Act
	  	 	17	  
	 Section 6.03. 
	 	 With Holder Consent
	  	 	17	  
	
	ARTICLE 7	  
	REMARKETING	  
			
	 Section 7.01.
	 	 Remarketing Procedures
	  	 	18	  
	 Section 7.02.
	 	 Remarketing
	  	 	20	  
	 Section 7.03.
	 	 Reset Rate
	  	 	20	  
	 Section 7.04.
	 	 Put Right
	  	 	21	  
	 Section 7.05.
	 	 Other Modification of Terms in Connection with a Successful Remarketing
	  	 	22	  
	
	ARTICLE 8	  
	ADDITIONAL EVENTS OF DEFAULT AND CERTAIN RESTRICTIONS	  
			
	 Section 8.01.
	 	 Additional Events of Default in Connection with the Put Right
	  	 	22	  
	 Section 8.02.
	 	 Dividend and other Payment Stoppage During Interest Deferral and Under Certain Other Circumstances
	  	 	22	  
	
	ARTICLE 9	  
	SUCCESSOR CORPORATION	  
			
	 Section 9.01.
	 	 Company May Consolidate, Reincorporate, Etc.
	  	 	23	  
	
	ARTICLE 10	  
	MISCELLANEOUS	  
			
	 Section 10.01.
	 	 Ratification of Indenture
	  	 	24	  
	 Section 10.02. 
	 	 Trustee Not Responsible For Recitals
	  	 	24	  
	 Section 10.03. 
	 	 Governing Law
	  	 	24	  
	 Section 10.04. 
	 	 Separability
	  	 	24	  
	 Section 10.05. 
	 	 Counterparts
	  	 	24	  
	 Section 10.06.
	 	 Amendments to Indenture
	  	 	25	  

  
 ii 

 THIS FOURTH SUPPLEMENTAL INDENTURE, dated as of December 3, 2013 (this “Supplemental
Indenture”), is between Stanley Black & Decker, Inc., a Connecticut corporation (the “Company”), and HSBC Bank USA, National Association, not in its individual capacity but solely as trustee (and any successor, the
“Trustee”) under the Indenture, dated as of November 22, 2005, between the Company and the Trustee (the “Indenture”). 

W I T N E S S E T H: 
 WHEREAS,
the Company executed and delivered the Indenture to the Trustee to provide for the future issuance of the Company’s unsecured junior subordinated debt securities, to be issued from time to time in one or more series as might be determined by
the Company under the Indenture, in an unlimited aggregate principal amount which may be authenticated and delivered as provided in the Indenture; 

WHEREAS, pursuant to the terms of the Indenture, the Company desires to provide for the establishment of a new series of its Notes under the
Indenture to be known as its 2.25% Junior Subordinated Notes due 2018 (the “Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to be set forth as provided in the 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 legal, valid and binding instrument, in accordance with its terms, and to make the Notes, when executed by the Company and authenticated and delivered by the Trustee, the legal, valid and
binding obligations of the Company, have been performed, and the execution and delivery of this Supplemental Indenture has been duly authorized in all respects. 

NOW, THEREFORE, in consideration of the purchase and acceptance of the Notes by the holders thereof, and for the purpose of setting forth, as
provided in the Indenture, the form and substance of the Notes and the terms, provisions and conditions thereof, the Company covenants and agrees with the Trustee as follows: 

ARTICLE 1 

DEFINITIONS 

Section 1.01. Definition of Terms. Unless the context otherwise requires: 

(a) a term defined in the Indenture and not otherwise defined in this Supplemental Indenture has the meaning set forth in the Indenture when
used in this Supplemental Indenture, 

  
 1 

 (b) a term defined anywhere in this Supplemental Indenture has the same meaning throughout, 

(c) terms used herein or in the Indenture but not otherwise defined herein shall have the meanings set forth in the Purchase Contract and
Pledge Agreement, and 
 (d) all financial terms used in this Supplemental Indenture will be determined in accordance with GAAP as applied
to and reflected in the Company’s consolidated financial statements as of the relevant dates or for the relevant periods, except as expressly provided in the definitions of the terms set forth herein. 

In addition, the following terms have the following respective meanings: 

“4.25% Junior Subordinated Notes” means the 4.25% Junior Subordinated Notes due 2018 issued by the Company pursuant to the
Indenture, as supplemented by the Second Supplemental Indenture dated as of November 5, 2010, between the Company and the Trustee. 

“5.75% Fixed-to-Floating Rate Junior Subordinated Debentures” means the 5.75% Fixed-to-Floating Rate Junior Subordinated
Debentures due 2053 issued by the Company pursuant to the Indenture, as supplemented by the Fifth Supplemental Indenture dated as of December 3, 2013, between the Company and the Trustee. 

“5.75% Junior Subordinated Debentures” means the 5.75% Junior Subordinated Debentures due 2052 issued by the Company pursuant
to the Indenture, as supplemented by the Third Supplemental Indenture dated as of July 25, 2012, between the Company and the Trustee. 

“Capital Stock” means, for any entity, any and all shares, interests, rights to purchase, warrants, options, participations
or other equivalents of or interests in (however designated) stock issued by that entity. 
 “Company” shall have the
meaning set forth in the preamble of this Supplemental Indenture. 
 “Compounded Interest” has the meaning set forth in
Section 2.06(b). 
 “Deferral Period” means the period beginning on the Interest Payment Date with respect to which the
Company has elected to defer the Interest Payment in accordance with Section 2.06(a) and ending on the earliest of (i) the next Interest Payment Date on which the Company has paid all accrued and previously unpaid interest on the Notes,
(ii) in the event of a Successful Final Remarketing, the Purchase Contract Settlement Date, (iii) in the event of a Successful Optional Remarketing, the Optional Remarketing Settlement Date, and (iv) November 17, 2018. 

  
 2 

 “Deferred Interest” has the meaning provided in Section 2.06(a). 

“Depositary” with respect to the Notes, means The Depository Trust Company or any successor clearing agency for the Notes.

 “Global Note” has the meaning provided in Section 2.04. 

“GAAP” means, at any date or for any period, U.S. generally accepted accounting principles, as in effect on such date or for
such period. 
 “Holder” means (a) with respect to the Corporate Units, the Treasury Units or the Cash Settled Units,
such term as defined in the Purchase Contract and Pledge Agreement and (b) with respect to the Notes, the Person in whose name a particular Note is registered on the books of the Trustee kept for that purpose. 

“Indenture” shall have the meaning set forth in the preamble of this Supplemental Indenture. 

“Interest Accrual Period” means, with respect to any Interest Payment Date, the period from and including the immediately
preceding Interest Payment Date (or if none, the date hereof) to, but excluding, such Interest Payment Date. 
 “Interest Payment
Date” shall mean a Quarterly Interest Payment Date or a Semi-Annual Interest Payment Date, as applicable. 
 “Interest
Rate” has the meaning set forth in Section 2.05. 
 “Maturity Date” has the meaning set forth in Section 2.02.

 “Notes” shall have the meaning set forth in the recitals of this Supplemental Indenture. 

“Pledged Note” has the meaning set forth in Section 2.08. 

“Purchase Contract and Pledge Agreement” means, collectively, the Purchase Contract and Pledge Agreement dated as of
December 3, 2013 and the Purchase Contract and Pledge Agreement dated as of November 5, 2010, each among the Company, The Bank of New York Mellon Trust Company, National Association, as Purchase Contract Agent and attorney-in-fact for
Holders of the relevant Purchase Contracts, and HSBC Bank USA, National Association, as Collateral Agent, Custodial Agent and Securities Intermediary, as amended from time to time. 

“Put Price” has the meaning set forth in Section 7.04(a). 

  
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 “Put Right” has the meaning set forth in Section 7.04(a). 

“Quarterly Interest Payment Date” means each February 17, May 17, August 17 and November 17,
commencing February 17, 2014. 
 “Regular Record Date” means, with respect to each Interest Payment Date, if
(i) the Corporate Units are held by a securities depositary in global book-entry form and (ii) Notes that are not a component of Corporate Units are also held by the securities depositary in global book-entry form, the business day
immediately preceding the applicable Interest Payment Date; otherwise the first day of the calendar month in which such Interest Payment Date falls (whether or not such day is a Business Day). 

“Remarketed Notes” means, with respect to any Remarketing, all Notes representing Applicable Ownership Interests in Notes and
all Separate Notes with respect to which the Holders thereof have elected for such Notes to be remarketed in such Remarketing in accordance with Section 7.01(b). 

“Remarketing Agent(s)” means any Remarketing Agent(s) appointed by the Company, pursuant to the Remarketing Agreement. 

“Semi-Annual Interest Payment Date” has the meaning set forth in Section 2.05. 

“Senior Indebtedness” means all of the Company’s obligations, whether presently existing or from time to time hereafter
incurred, created assumed or existing, to pay principal, premium, interest, penalties, fees and any other payment in respect of any of the following: (a) indebtedness for borrowed money, including, without limitation, such obligations as are
evidenced by credit agreements, notes, debentures, bonds and similar instruments; (b) obligations under synthetic leases, finance leases and capitalized leases; (c) our obligations, for reimbursement under letters of credit, banker’s
acceptances, security purchase facilities or similar facilities issued for the Company’s account; (d) any obligations with respect to derivative contracts, including but not limited to commodity contracts, interest rate, commodity and
currency swap agreements, forward contracts and other similar agreements or arrangements designed to protect against fluctuations in commodity prices, currency exchange or interest rates; and (e) all obligations of the types referred to in
clauses (a), (b), (c) and (d) above of others which the Company has assumed, guaranteed or otherwise becomes liable for, under any agreement, unless, in the case of any particular indebtedness or obligation, the instrument creating or
evidencing the same or the assumption or guarantee of the same expressly provides that such indebtedness or obligation is not superior in right of payment to or is equal in right of payment with the Notes, as the case may be; provided that
each of (i) the 5.75% Junior Subordinated Debentures, (ii) the 4.25% Junior Subordinated Notes until remarketed in accordance with their terms, (iii) the 5.75% Fixed-to-Floating Rate Junior Subordinated Debentures and (iv) trade
obligations incurred by the Company in its ordinary course of business shall not be deemed to be Senior Indebtedness. 

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

“Trustee” shall have the meaning set forth in the preamble of this Supplemental Indenture. 

Section 1.02. Interpretation. Each definition in this Supplemental Indenture includes the singular and the plural, and references
to the neuter gender include the masculine and feminine where appropriate. References to any statute mean such statute as amended at the time and include any successor legislation. The word “or” is not exclusive, and the words
“herein,” “hereof” and “hereunder” refer to this Supplemental Indenture as a whole. The headings to the Articles and Sections are for convenience of reference and shall not affect the meaning or interpretation of this
Supplemental Indenture. References to Articles and Sections mean the Articles and Sections of this Supplemental Indenture. 
 ARTICLE 2 

GENERAL TERMS AND CONDITIONS OF THE
NOTES 
 Section 2.01. Designation and Principal Amount. There is hereby authorized a series of Notes designated
the “2.25% Junior Subordinated Notes due 2018” and limited in aggregate principal amount to $345,000,000. The forms and terms of the Notes shall be as set forth in any written order of the Company for the authentication and delivery of
Notes pursuant to Section 2.04 of the Indenture. 
 Section 2.02. Maturity. The date upon which the entire principal amount
of the Notes will become due and payable at final maturity, together with any accrued and unpaid interest (including Deferred Interest and compounded interest thereon, if not previously due and payable at the end of the Deferral Period described in
Section 2.06), is November 17, 2018 (such date, the “Maturity Date”). 
 Section 2.03. Form and
Payment. 
 (a) Except as provided in Section 2.04, the Notes shall be issued in fully registered, certificated form without
interest coupons. Notes corresponding to Applicable Ownership Interests in Notes that are components of Corporate Units shall be registered in the name of the Purchase Contract Agent. Principal of and interest on the Notes will be payable, the
transfer of such Notes will be registrable and such Notes will be exchangeable for Notes of a like aggregate principal amount bearing identical terms and provisions, at the office or agency of the Trustee in New York, New York, provided,
however, that payment of interest may be made at the option of the Company by check mailed to the registered holder at such address as shall appear in the Security Register, except in the case of Notes represented by a Global Note. 

  
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 (b) The Notes shall be issuable in minimum denominations of $1,000 and integral multiples of
$1,000; provided, however, that upon the release by the Collateral Agent of Notes underlying the Pledged Applicable Ownership Interests in Notes in accordance with Section 3.16 of the Purchase Contract and Pledge Agreement (other
than any release of Notes underlying Pledged Applicable Ownership Interests in Notes in connection with (1) the creation of Treasury Units or Cash Settled Units by Collateral Substitution, (2) a Successful Remarketing, (3) an Early
Settlement or (4) a Fundamental Change Early Settlement, in accordance with Section 3.13, Section 3.14, Section 5.02, Section 5.04 or Section 5.06 of the Purchase Contract and Pledge Agreement, as the case may be), the
Notes shall be issuable in denominations of $100 and integral multiples of $100 in excess thereof. 
 Section 2.04. Global Note.

 (a) Notes corresponding to Applicable Ownership Interests in Notes that are no longer a component of the Corporate Units and are released
from the Collateral Account will be issued in permanent global form (a “Global Note”), and if issued as one or more Global Notes, the Depositary shall be The Depository Trust Company or such other depositary as any officer of the
Company may from time to time designate. On the date on which the Notes registered in the name of the Purchase Contract Agent pursuant to Section 2.03 are issued, the Company shall also issue one or more Global Notes, registered in the name of the
Depositary or its nominee, each having a zero principal balance. Upon the creation of Treasury Units or Cash Settled Units, or the re-creation of Corporate Units or in any other case where the Collateral Agent releases Notes underlying the Pledged
Applicable Ownership Interests in Notes, an appropriate annotation shall be made on the Schedule of Increases or Decreases in Note on the Global Notes held by the Depositary and on the Pledged Note held by the Collateral Agent. Notes represented by
the Global Notes will be exchangeable for Notes in certificated form only (x) if the Depositary (A) has notified the Company that it is unwilling or unable to continue as depository for the Global Notes or (B) has ceased to be a
clearing agency registered under the Exchange Act and, in either case, a successor depository is not appointed by the Company within 90 days after such notice or cessation, or (y) following the request of any Holder or Beneficial Owner of
Corporate Units, Treasury Units or Cash Settled Units seeking to exercise or enforce its rights under such Corporate Units, Treasury Units or Cash Settled Units or (z) upon re-creation of Corporate Units; provided, subject to Section 2.03, that
the Notes in certificated form so issued in exchange for the Global Notes shall be in denominations of $1,000 or any whole multiple of $1,000 above that amount and shall be of like aggregate principal amount and tenor as the portion of the Global
Note to be exchanged. Except as provided above, owners of beneficial interest in a Global Note will not be entitled to receive physical delivery of Notes in certificated form and will not be considered the Holders thereof for any purpose under the
Indenture or this Supplemental 

  
 6 

 
Indenture. Unless and until such Global Note is exchanged for Notes in certificated form, Global Notes may be transferred, in whole but not in part, and any payments on the Notes shall be made,
only to the Depositary or a nominee of the Depositary, or to a successor Depositary selected or approved by the Company or to a nominee of such successor Depositary. Any Global Note that is exchangeable pursuant to clause (x) of this Section
2.04 shall be exchangeable for Notes in certificated form registered in such names as the Depositary shall direct. 
 Section 2.05.
Interest. (a) The Notes will bear interest initially at the rate of 2.25% per year (the “Interest Rate”) from and including the date hereof to, but excluding, the Maturity Date, or in the event of a Successful
Remarketing, the Remarketing Settlement Date. In the event of a Successful Remarketing of the Notes, the Interest Rate for all Notes (regardless of whether such Notes are remarketed in such Remarketing) will be reset to the Reset Rate with effect
from the Remarketing Settlement Date, as set forth in Section 7.03. If the Interest Rate is so reset, the Notes will bear interest at the Reset Rate from, and including, the Remarketing Settlement Date to, but excluding, the Maturity Date. The
Notes shall bear interest, to the extent permitted by law, on any overdue principal and interest at the Interest Rate, unless a Successful Remarketing shall have occurred, in which case interest on such amounts shall accrue at the Reset Rate from
and including the Remarketing Settlement Date compounded semi-annually thereafter, in each case, in accordance with this Section 2.05. 

(i) Prior to and, if such date falls on a Quarterly Interest Payment Date, on the Remarketing Settlement Date (or, in the event
no Successful Remarketing occurs, prior to and on the Maturity Date), interest on the Notes shall be payable quarterly in arrears on each Quarterly Interest Payment Date, commencing on February 17, 2014 to the Person in whose name the relevant
Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date except that interest payable on the Maturity Date of the Notes shall be paid to the Person to whom principal is payable. 

(ii) From, and including, the Remarketing Settlement Date, if any, interest on the Notes shall be payable semi-annually on two
Quarterly Interest Payment Dates of each year selected by the Company in consultation with the Remarketing Agent(s) (each, a “Semi-Annual Interest Payment Date”), commencing on one of those Semi-Annual Interest Payment Dates,
selected by the Remarketing Agent(s) in consultation with the Company. Such Semi-Annual Interest Payment Dates shall be evidenced by an Officers’ Certificate delivered to the Trustee no later than the Remarketing Settlement Date. In either
case, such Interest Payments shall be made to the Person in whose name the relevant Notes are registered at the close of business on the Regular Record Date for such Interest Payment Date except that interest payable on the Maturity Date of the
Notes shall be paid to the Person to whom principal is payable. 

  
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 (b) The amount of interest payable on the Notes for any Interest Accrual Period will be computed
(i) for any full quarterly or semi-annual period on the basis of a 360-day year of twelve 30-day months and (ii) for any period less than a month, on the basis of the actual number of days elapsed per 30-day month. 

(c) HSBC Bank USA, National Association shall be the paying agent for the Notes. The paying agent, unless the Company shall otherwise
determine and so notify the paying agent in writing, shall calculate the amount of interest payable on the Notes on each Interest Payment Date. All certificates, communications, opinions, determinations, calculations, quotations and decisions given,
expressed, made or obtained for the purposes of the provisions relating to the payment and calculation of interest on the Notes, by the paying agent, will (in the absence of willful default or manifest error) be binding on the Company, the Trustee
and all holders of the Notes, and no liability will (in the absence of willful default or gross negligence) attach to the paying agent in connection with the exercise or non-exercise by any of them of their powers, duties and discretion. 

Section 2.06. Deferral of Interest. 

(a) In accordance with Section 2.06(c) below and subject to the restrictions set forth in Section 8.02 and Section 7.05, prior
to any Successful Remarketing the Company may elect at one or more times to defer payment of interest on the Notes (such unpaid interest, the “Deferred Interest”) for one or more consecutive Interest Accrual Periods; provided
that each deferred interest payment may only be deferred until the earliest of (i) in the event of a Successful Final Remarketing, the Purchase Contract Settlement Date, (ii) in the event of a Successful Optional Remarketing, the Optional
Remarketing Settlement Date and (iii) November 17, 2018. 
 (b) Deferred Interest on the Notes will bear interest at the Interest
Rate and such interest will be compounded on each Interest Payment Date (such interest, the “Compounded Interest”) unless paid on the applicable Interest Payment Date, in each case in accordance with the fourth sentence of Section
2.05(a). 
 (c) In the event that the Company elects to defer any Interest Payment, the Company shall notify the Trustee and the Holders in
writing of such election at least one Business Day prior to the Regular Record Date for the Interest Payment Date on which the Company intends to begin a Deferral Period; provided, however, that the Company’s failure to pay the
interest owed on a particular Interest Payment Date shall also constitute the commencement of a Deferral Period, unless such interest is paid within five (5) Business Days after such Interest Payment Date, whether or not the Company provides a
notice of deferral. 
 (d) The Company may pay Deferred Interest (including Compounded Interest thereon) in cash on any scheduled Interest
Payment Date on or prior to the 

  
 8 

 
Maturity Date. Deferred Interest paid on any Interest Payment Date shall be payable to the Person in whose name the Notes are registered at the closing of business on the Regular Record Date
immediately preceding such Interest Payment Date. 
 (e) In connection with any Successful Final Remarketing, all accrued and unpaid
Deferred Interest (including Compounded Interest thereon) shall be paid in cash on the Purchase Contract Settlement Date to the Holders of Notes (regardless of whether such Notes are remarketed in such Remarketing) as of the immediately preceding
Regular Record Date prior to the Purchase Contract Settlement Date. 
 Section 2.07. No Sinking Fund or Defeasance; Satisfaction and
Discharge. The Notes are not entitled to the benefit of any sinking fund, will be subject to defeasance and will not be subject to satisfaction and discharge. Each of Section 3.04, Section 3.05, Section 3.06 and Article XI of the
Indenture shall not apply to the Notes. 
 Section 2.08. Increase and Decrease. In the event that any Notes underlying Pledged
Applicable Ownership Interests in Notes are to be released from the Pledge following a Termination Event, Collateral Substitution, Successful Remarketing, Early Settlement or Fundamental Change Early Settlement pursuant to the Purchase Contract and
Pledge Agreement (a “Released Note”), such release and delivery shall be evidenced by an endorsement by the Collateral Agent on the Note held by the Collateral Agent (the “Pledged Note”) reflecting a reduction in
the principal amount of such Pledged Note equal in amount (the “Reduced Principal Amount”) to the principal amount of the Released Note. The Collateral Agent shall confirm any such Reduced Principal Amount by telecopying or
otherwise delivering a photocopy of such endorsement made on the Pledged Note evidencing such Reduced Principal Amount to the Trustee at the telecopier number or address of the Trustee provided for notices to the Trustee in the Purchase Contract and
Pledge Agreement (or at such other telecopier or address as the Trustee shall provide to the Collateral Agent). Upon receipt of such confirmation, the Trustee shall instruct the Custodial Agent to increase the principal amount of a Global Note held
by the Custodial Agent in an amount equal to the Reduced Principal Amount by an endorsement made by the Custodial Agent on such Global Note to reflect such increase. In the event that a Note is transferred to the Collateral Agent pursuant to
Section 3.15 of the Purchase Contract and Pledge Agreement (a “Subjected Note”) in connection with the recreation of Corporate Units, such transfer shall be evidenced by an endorsement by the Collateral Agent on the Pledged
Note held by the Collateral Agent reflecting an increase in the principal amount of such Pledged Note equal in amount (the “Increased Principal Amount”) to the principal amount of such Subjected Note. The Collateral Agent shall
confirm any such Increased Principal Amount by telecopying or otherwise delivering a photocopy of such endorsement made on the Pledged Note evidencing such Increased Principal Amount to the Trustee at the telecopier number or address of the Trustee
provided for notices to 

  
 9 

 
the Trustee in the Purchase Contract and Pledge Agreement (or at such other telecopier or address as the Trustee shall provide to the Collateral Agent). Upon receipt of such confirmation, the
Trustee shall instruct the Custodial Agent to decrease the principal amount of the Global Note held by the Custodial Agent in an amount equal to the Increased Principal Amount by an endorsement made by the Custodial Agent on such Global Note to
reflect such decrease. 
 ARTICLE 3 

ORIGINAL ISSUE OF NOTES 

Section 3.01. Original Issue of Notes. Notes in the aggregate principal amount of $345,000,000 may from time to time, upon
execution of this Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Notes to or upon the order of the Company pursuant to
Section 2.04 of the Indenture, without any further action by the Company (other than as required by the Indenture). 
 ARTICLE 4

 SUBORDINATION 

Section 4.01. Agreement to Subordinate. The Company covenants and agrees, and each holder of Notes issued hereunder by such
holder’s acceptance thereof likewise covenants and agrees, that all Notes shall be issued subject to the provisions of this Article 4; and each holder of a Note, whether upon original issue or upon transfer or assignment thereof, accepts and
agrees to be bound by such provisions. 
 (a) Prior to a Successful Remarketing, the payment by the Company of the principal
of, premium, if any, and interest on all Notes issued hereunder shall, to the extent and in the manner hereinafter set forth, be subordinated and subject in right of payment to the prior payment in full of all Senior Indebtedness of the Company,
whether outstanding at the date of this Supplemental Indenture or thereafter incurred. The Notes will initially rank pari passu with all of the Company’s other junior subordinated debt, including the 5.75% Junior Subordinated Debentures,
the 5.75% Fixed-to-Floating Rate Junior Subordinated Debentures and the 4.25% Junior Subordinated Notes, until the 4.25% Junior Subordinated Notes are remarketed in accordance with their terms, at which time the 4.25% Junior Subordinated Notes will
become Senior Indebtedness. 
 (b) Following a Successful Remarketing, with effect on the related Remarketing Settlement Date, the
payment by the Company of the principal of, premium, if any, and interest on all Notes (regardless of whether such Notes are remarketed in such Remarketing) shall be subordinated and subject in right of

  
 10 

 
payment to the prior payment in full of all Senior Indebtedness, but not unsecured junior subordinated obligations (as defined by the Company at the time of such Remarketing by an Officers’
Certificate delivered to the Trustee) of the Company. From and after any such Remarketing Settlement Date, the Notes will rank senior to any such unsecured junior subordinated obligations, the payment of principal of, premium, if any, and interest
thereon shall be subordinated to, and subject in right of payment to the prior payment in full of, the Notes. 
 Section 4.02.
Default on Senior Indebtedness. In the event and during the continuation of any default by the Company in the payment of principal, premium, interest or any other payment due on any Senior Indebtedness of the Company, or in the event that the
maturity of any Senior Indebtedness of the Company has been accelerated because of a default, then, in either case, no payment shall be made by the Company with respect to the principal of, or premium, if any, or interest on the Notes. 

In the event that, notwithstanding the foregoing, any payment shall be received by the Trustee or any Holder when such payment is prohibited
by the preceding paragraph of this Section 4.02, such payment shall be held in trust for the benefit of, and shall be paid over or delivered to, the holders of Senior Indebtedness or their respective representatives, or to the trustee or
trustees under any indenture pursuant to which any of such Senior Indebtedness may have been issued, as their respective interests may appear, but only to the extent that the holders of the Senior Indebtedness (or their representative or
representatives or a trustee) notify the Trustee in writing within 90 days of such payment of the amounts then due and owing on the Senior Indebtedness and only the amounts specified in such notice to the Trustee shall be paid to the holders of
Senior Indebtedness. 
 Section 4.03. Liquidation; Dissolution; Bankruptcy. Upon any payment by the Company, or distribution of
assets of the Company of any kind or character, whether in cash, property or securities, to creditors upon any dissolution or winding-up or liquidation or reorganization of the Company, whether voluntary or involuntary or in bankruptcy, insolvency,
receivership or other proceedings, all amounts due upon all Senior Indebtedness of the Company shall first be paid in full, or payment thereof provided for in money in accordance with its terms, before any payment is made by the Company on account
of the principal (and premium, if any) or interest on the Notes; and upon any such dissolution or winding-up or liquidation or reorganization, any payment by the Company, or distribution of assets of the Company of any kind or character, whether in
cash, property or securities, to which the Holders of the Notes or the Trustee would be entitled to receive from the Company, except for the provisions of this Article 4, shall be paid by the Company or by any receiver, trustee in bankruptcy,
liquidating trustee, agent or other Person making such payment or distribution, or by the holders of the Notes or by the Trustee under this Indenture if received by them or it, directly to the holders of Senior Indebtedness of the Company (pro rata
to such holders on the basis of the respective amounts of Senior Indebtedness held 

  
 11 

 
by such holders, as calculated by the Company) or their representative or representatives, or to the trustee or trustees under any indenture pursuant to which any instruments evidencing such
Senior Indebtedness may have been issued, as their respective interests may appear, to the extent necessary to pay such Senior Indebtedness in full, in money or money’s worth, after giving effect to any concurrent payment or distribution to or
for the holders of such Senior Indebtedness, before any payment or distribution is made to the holders of Notes or to the Trustee. 
 In the
event that, notwithstanding the foregoing, any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, prohibited by the foregoing, shall be received by the Trustee or the Holders of the
Notes before all Senior Indebtedness of the Company is paid in full, or provision is made for such payment in money in accordance with its terms, such payment or distribution shall be held in trust for the benefit of and shall be paid over or
delivered to the holders of such Senior Indebtedness or their representative or representatives, or to the trustee or trustees under any indenture pursuant to which any instruments evidencing such Senior Indebtedness may have been issued, as their
respective interests may appear, as calculated by the Company, for application to the payment of all Senior Indebtedness of the Company remaining unpaid to the extent necessary to pay such Senior Indebtedness in full in money in accordance with its
terms, after giving effect to any concurrent payment or distribution to or for the benefit of the holders of such Senior Indebtedness. 

For purposes of this Article 4, the words “cash, property or securities” shall not be deemed to include shares of stock of the
Company as reorganized or readjusted, or securities of the Company or any other corporation provided for by a plan of reorganization or readjustment, the payment of which is subordinated at least to the extent provided in this Article 4 with respect
to the Notes to the payment of all Senior Indebtedness of the Company that may at the time be outstanding, provided that (i) such Senior Indebtedness is assumed by the new corporation, if any, resulting from any such reorganization or
readjustment, and (ii) the rights of the holders of such Senior Indebtedness are not, without the consent of such holders, altered by such reorganization or readjustment. The consolidation of the Company with, or the merger of the Company into,
another corporation or the liquidation or dissolution of the Company following the conveyance or transfer of its property as an entirety, or substantially as an entirety, to another corporation upon the terms and conditions provided for in Article X
of the Indenture shall not be deemed a dissolution, winding-up, liquidation or reorganization for the purposes of this Section 4.03 if such other corporation shall, as a part of such consolidation, merger, conveyance or transfer, comply with
the conditions stated in Article X of the Indenture. Nothing in Section 4.02 or in this Section 4.03 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 7.06 of the Indenture. 

  
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 Section 4.04. Subrogation. Subject to the payment in full of all Senior Indebtedness
of the Company, the rights of the holders of the Notes shall be subrogated to the rights of the holders of such Senior Indebtedness to receive payments or distributions of cash, property or securities of the Company applicable to such Senior
Indebtedness until the principal of (and premium, if any) and interest on the Notes shall be paid in full; and, for the purposes of such subrogation, no payments or distributions to the holders for such Senior Indebtedness of any cash, property or
securities to which the holders of the Notes or the Trustee would be entitled except for the provisions of this Article 4, and no payment over pursuant to the provisions of this Article 4, to or for the benefit of the holders of such Senior
Indebtedness by holders of the Notes or the Trustee, shall, as between the Company, its creditors other than holders of Senior Indebtedness of the Company, and the holders of the Notes be deemed to be a payment by the Company to or on account of
such Senior Indebtedness. It is understood that the provisions of this Article 4 are and are intended solely for the purposes of defining the relative rights of the holders of the Notes, on the one hand, and the holders of such Senior Indebtedness
on the other hand. 
 Nothing contained in this Article 4 or elsewhere in this Indenture or in the Notes is intended to or shall impair, as
between the Company, its creditors other than the holders of Senior Indebtedness of the Company, and the holders of the Notes, the obligation of the Company which is absolute and unconditional, to pay to the holders of the Notes the principal of
(and premium, if any) and interest on the Notes as and when the same shall become due and payable in accordance with their terms, or is intended to or shall affect the relative rights of the holders of the Notes and creditors of the Company, other
than the holders of Senior Indebtedness of the Company, nor shall anything herein or therein prevent the Trustee or the holder of any Note from exercising all remedies otherwise permitted by applicable law upon default under the Indenture, subject
to the rights, if any, under this Article 4 of the holders of such Senior Indebtedness in respect of cash, property or securities of the Company, received upon the exercise of any such remedy. 

Upon any payment or distribution of assets of the Company referred to in this Article 4, the Trustee, subject to the provisions of
Section 7.01 of the Indenture, and the Holders of the Notes, shall be entitled to rely upon any order or decree made by any court of competent jurisdiction in which such dissolution, winding-up, liquidation or reorganization proceedings are
pending, or a certificate of the receiver, trustee in bankruptcy, liquidation trustee, agent or other Person making such payment or distribution, delivered to the Trustee or to the holders of the Notes, for the purposes of ascertaining the Persons
entitled to participate in such distribution, the holders of Senior Indebtedness and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or
to this Article 4. 
 Section 4.05. Trustee to Effectuate Subordination. Each Holder of a Note by such Holder’s acceptance
thereof authorizes and directs the Trustee on such 

  
 13 

 
Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article 4 and appoints the Trustee such holder’s attorney-in-fact
for any and all such purposes. 
 Section 4.06. Notice by the Company. The Company shall give prompt written notice to a
Responsible Officer of the Trustee of any fact known to the Company that would prohibit the making of any payment of monies to or by the Trustee in respect of the Notes pursuant to the provisions of this Article 4. Notwithstanding the provisions of
this Article 4 or any other provision of the Indenture and this Supplemental Indenture, the Trustee shall not be charged with knowledge of the existence of any facts that would prohibit the making of any payment of monies to or by the Trustee in
respect of the Notes pursuant to the provisions of this Article 4 unless and until a Responsible Officer of the Trustee shall have received written notice thereof at the Corporate Trust Office of the Trustee from the Company or a holder or holders
of Senior Indebtedness or from any trustee therefor; and before the receipt of any such written notice, the Trustee, subject to the provisions of Section 7.01 of the Indenture, shall be entitled in all respects to assume that no such facts
exist; provided, however, that if a Responsible Officer of Trustee shall not have received the notice provided for in this Section 4.06 at least three Business Days prior to the date upon which by the terms hereof any money may
become payable for any purpose (including, without limitation, the payment of the principal of (or premium, if any) or interest on any Note), then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and
authority to receive such money and to apply the same to the purposes for which they were received, and shall not be affected by any notice to the contrary that may be received by it within three Business Days prior to such date. 

The Trustee, subject to the provisions of Section 7.01 of the Indenture, shall be entitled to conclusively rely on the delivery to it of
a written notice by a Person representing himself to be a holder of Senior Indebtedness of the Company (or a trustee on behalf of such holder) to establish that such notice has been given by a holder of such Senior Indebtedness or a trustee on
behalf of any such holder or holders. In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of such Senior Indebtedness to participate in any payment or
distribution pursuant to this Article 4, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of such Senior Indebtedness held by such Person, the extent to which such Person is
entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article 4, and if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial
determination as to the right of such Person to receive such payment. 
 Section 4.07. Rights of the Trustee; Holders of Senior
Indebtedness. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article 4 in respect of any Senior Indebtedness at any time held by it, to the same extent as any other holder of Senior Indebtedness, and
nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. 

  
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 With respect to the holders of Senior Indebtedness of the Company, the Trustee undertakes to
perform or to observe only such of its covenants and obligations as are specifically set forth in this Article 4, and no implied covenants or obligations with respect to the holders of such Senior Indebtedness shall be read into this Indenture
against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of such Senior Indebtedness and, subject to the provisions of Section 7.01 of the Indenture, the Trustee shall not be liable to any holder of such
Senior Indebtedness if it shall pay over or deliver to holders of Notes, the Company or any other Person money or assets to which any holder of such Senior Indebtedness shall be entitled by virtue of this Article 4 or otherwise. Nothing in this
Article 4 shall apply to claims of, or payments to, the Trustee under or pursuant to Section 7.06 of the Indenture. 

Section 4.08. Subordination May Not Be Impaired. No right of any present or future holder of any Senior Indebtedness of the
Company to enforce subordination as herein provided shall at any time or in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any
noncompliance by the Company with the terms, provisions and covenants of the Indenture, regardless of any knowledge thereof that any such holder may have or otherwise be charged with. 

Without in any way limiting the generality of the foregoing paragraph, the holders of Senior Indebtedness of the Company may, at any time and
from time to time, without the consent of or notice to the Trustee or the Holders of the Notes, without incurring responsibility to the Holders of the Notes and without impairing or releasing the subordination provided in this Article 4 or the
obligations hereunder of the Holders of the Notes to the holders of such Senior Indebtedness, do any one or more the following: (i) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, such Senior
Indebtedness, or otherwise amend or supplement in any manner such Senior Indebtedness or any instrument evidencing the same or any agreement under which such Senior Indebtedness is outstanding; (ii) sell, exchange, release or otherwise deal
with any property pledged, mortgaged or otherwise securing such Senior Indebtedness; (iii) release any Person liable in any manner for the collection of such Senior Indebtedness; and (iv) exercise or refrain from exercising any rights
against the Company and any other Person. 
 Section 4.09. No Right to Rely on Other Covenants. The holders of Senior
Indebtedness shall not have any rights under the Indenture to enforce any of the covenants contained in any of the other Articles of this Supplemental Indenture, including, without limitation, the covenants contained in Section 8.02 hereof.

  
 15 

 ARTICLE 5 

FORM OF NOTE 

Section 5.01. Form of Note. The Notes and the Trustee’s Certificate of Authentication to be endorsed thereon are to be
substantially in the form attached as Exhibit A hereto, with such changes therein as the officers of the Company executing the Notes (by manual or facsimile signature) may approve, such approval to be conclusively evidenced by their execution
thereof. 
 ARTICLE 6 

SUPPLEMENTAL INDENTURES 

Section 6.01. Without Holder Consent. As set forth in Section 9.01 of the Indenture, the Company and the Trustee may
from time to time and at any time enter into an indenture or indentures supplemental hereto or to the Indenture for the purpose of adding certain provisions or changing certain provisions of the Indenture or this Supplemental Indenture without the
consent of the Holders of the Notes. Solely with respect to the Notes, in addition to clauses (a) through (g) of Section 9.01 of the Indenture, the Company and the Trustee may enter into a supplemental indenture to modify the terms of
the Notes:  
 (a) to add any additional Events of Default to the Notes; 

(b) to change or eliminate any provision of this Supplemental Indenture or to add any new provision to this Supplemental Indenture that does
not adversely affect the interests of the Holders of the Notes; 
 (c) to provide security for the Notes; 

  
 16 

 (d) to evidence and provide for the acceptance of appointment of a separate or successor Trustee;

 (e) to change any place or places where 

(i) the Company may pay principal, premium or interest on the Notes, 

(ii) the Notes may be surrendered for transfer or exchange, and 

(iii) notices and demands to or upon the Company may be served; or 

(f) to make any other changes to the terms of the Notes that do not adversely affect the interests of the Holders in any material
respect; provided, however, that any supplemental indenture made solely to conform the provisions of this Supplemental Indenture to the description of the Notes contained in the preliminary prospectus supplement dated November 25, 2013
(as supplemented by the related term sheet dated November 25, 2013) relating to the Units under the sections entitled “Description of the Equity Units,” “Description of the Purchase Contracts,” “Certain Provisions of
the Purchase Contract and Pledge Agreement” and “Description of the Notes” shall be deemed not to adversely affect the interests of the Holders and shall be evidenced by an Officer’s Certificate. 

Section 6.02. Amendments to the Trust Indenture Act. If the Trust Indenture Act is amended after the date of this
Supplemental Indenture so as to require changes to the Indenture or this Supplemental Indenture so as to permit changes to, or the elimination of, provisions which, as of the date of this Supplemental Indenture or at any time thereafter, were
required by the Trust Indenture Act to be contained in the Indenture or this Supplemental Indenture, the Indenture or this Supplemental Indenture, as applicable, will be deemed to have been amended so as to conform to such amendment or to effect
such changes or elimination, and the Company and the Trustee may, without the consent of any Holders, enter into one or more Supplemental Indentures to effect or evidence such amendment. 

Section 6.03. With Holder Consent. As set forth in Section 9.02 of the Indenture, with the consent of the Holders of
at least a majority in the aggregate principal amount of Notes (except as otherwise provided in Section 9.02 of the Indenture), the Company and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental
hereto or to the Indenture for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or this Supplemental Indenture or of modifying in any manner the rights of the Holders of the
Notes; provided that in addition to subclauses (i) and (ii) of Section 9.02 of the Indenture, no amendment or modification may without consent of the Holder of each Note directly affected thereby: 

(a) change the stated maturity of any principal or interest on the Notes (other than pursuant to the terms thereof) or reduce the principal
amount, interest, or premium payable or change the currency in which the Notes are payable; 

  
 17 

 (b) impair the right to bring suit to enforce any payment on the Notes; 

(c) reduce the percentages of Holders whose consent is required for any supplemental indenture or waiver or reduce the requirements for quorum
and voting under the Indenture or this Supplemental Indenture; 
 (d) modify the provisions of Section 9.02 of the Indenture and this
Section 6.03; 
 (e) cause a “significant modification” of the Notes with the meaning of Treasury Regulation § 1.1001-3;

 (f) modify the Put Right of Holders of the Notes upon an Unsuccessful Final Remarketing in a manner adverse to the Holders; 

(g) modify the Remarketing provisions of the Notes in a manner adverse to the Holders, it being understood that the modification of the
ranking provisions (along with the related modification of the covenants and the Events of Default), elimination of the interest deferral provisions, any reset of the Interest Rate of the Notes in connection with a Successful Remarketing is
permitted under the Indenture and this Supplemental Indenture and does not require any modification to the provisions of the Indenture and this Supplemental Indenture. 

A supplemental indenture that changes or eliminates any provision of the Indenture expressly included solely for the benefit of Holders shall
be deemed not to affect the rights under the Indenture of the holders of indenture securities of any other series. 
 ARTICLE 7 

REMARKETING 

Section 7.01. Remarketing Procedures. 

(a) In the case of an Optional Remarketing, unless a Termination Event has occurred prior to the Optional Remarketing Period; or in the case
of the Final Remarketing, unless a Successful Optional Remarketing has occurred prior to the Final Remarketing Period, the Company shall engage the Remarketing Agent(s) pursuant to the Remarketing Agreement for the Remarketing of the Notes. The
Company shall, no later than (i) in the case of an Optional Remarketing, fifteen 

  
 18 

 
days prior to the first day of the Optional Remarketing Period or (ii) in the case of a Final Remarketing, no later than October 21, 2016, request that the Depositary or its nominee
notify the Beneficial Owners or Depositary Participants holding Separate Notes, Corporate Units and Treasury Units, and shall provide a copy of such request to the Collateral Agent and the Purchase Contract Agent, in the case of an Optional
Remarketing, of the Company’s intent to attempt an Optional Remarketing in the Applicable Remarketing Period, and in all cases, of the proposed Remarketing Dates and the procedures to be followed in each Remarketing, including the procedures to
be followed by Holders of Separate Notes to participate in a Remarketing, the applicable procedures for Holders of Corporate Units to create Treasury Units or Holders of Treasury Units to recreate Corporate Units, as the case may be, the applicable
procedures for Holders of Corporate Units to effect an Early Settlement and, in the case of a Final Remarketing or an Optional Remarketing, applicable procedures for Holders of Corporate Units to create Cash Settled Units and the applicable
procedures that must be followed by a Holder of Separate Notes if such Holder wishes to exercise its Put Right or by a Holder if such Holder elects not to exercise its Put Right. 

(b) At any time prior to a Remarketing, other than during a Blackout Period, each Holder of Separate Notes may elect to have Separate Notes
held by such Holder remarketed in any Remarketing in the same manner as Notes that underlie Applicable Ownership Interests in Notes included in Corporate Units. A Holder making such an election must, pursuant to the Purchase Contract and Pledge
Agreement, notify the Custodial Agent in writing and deliver such Separate Notes to the Custodial Agent in accordance with the provisions set forth in the Purchase Contract and Pledge Agreement. Any such notice and delivery may not be conditioned
upon the level at which the Reset Rate is established in the Remarketing. Any such notice and delivery may be withdrawn by notifying the Custodial Agent in writing on or prior to 5:00 p.m., New York City time, on the second Business Day immediately
preceding an Optional Remarketing Period or the Final Marketing Period, as applicable. Any such notice and delivery not withdrawn by such time will be irrevocable with respect to each Remarketing to occur during the Optional Remarketing Period.
Pursuant to Section 5.02 of the Purchase Contract and Pledge Agreement, promptly after 5:00 p.m., New York City time, on the second Business Day immediately preceding an Optional Remarketing Period or the Final Remarketing Period, as
applicable, the Custodial Agent, based on the notices and deliveries received by it prior to such time, shall notify the Remarketing Agent(s) of the aggregate principal amount of Separate Notes tendered for Remarketing. Pursuant and subject to
Section 5.02 of the Purchase Contract and Pledge Agreement, Notes that underlie Applicable Ownership Interests in Notes included in Corporate Units will be deemed tendered for Remarketing and will be remarketed in accordance with the terms of
the Remarketing Agreement and the Purchase Contract and Pledge Agreement. 
 (c) The right of each Holder of Remarketed Notes to have such
Notes remarketed and sold on any Remarketing Date shall be subject to the conditions 

  
 19 

 
that (i)(A) the Remarketing Agent(s) conducts any Optional Remarketing or (B) in the case of a Final Remarketing, that no Successful Optional Remarketing has occurred pursuant to the terms
of the Remarketing Agreement, (ii) a Termination Event has not occurred prior to such Remarketing Date, (iii) the Remarketing Agent(s) are able to find a purchaser or purchasers for Remarketed Notes at the Remarketing Price based on the
Reset Rate and (iv) the purchaser or purchasers of the Remarketed Notes deliver the purchase price therefor to the Remarketing Agent(s) as and when required. 

(d) None of the Trustee, the Custodial Agent, the Company nor the Remarketing Agent(s) shall be obligated in any case to provide funds to make
payment upon tender of Notes for remarketing. 
 Section 7.02. Remarketing. Unless a Termination Event has occurred prior to
such date, if the Company elects to conduct an Optional remarketing during an Optional Remarketing Period selected by the Company pursuant to the Purchase Contract and Pledge Agreement, the Remarketing Agent(s) shall use its reasonable best efforts
to remarket the Remarketed Notes at the applicable Remarketing Price. 
 (a) In the case there is no Successful Optional Remarketing during
an Optional Remarketing Period, either because the Remarketing Agent(s) is unable to remarket the Notes at the applicable Remarketing Price or because a condition precedent to the Remarketing has not been satisfied, and unless a Termination Event
has occurred prior to such date, during the Final Remarketing Period,, the Remarketing Agent(s) shall use its reasonable best efforts to remarket the Remarketed Notes at the applicable Remarketing Price. The Remarketing on any Remarketing Date will
be considered successful if the resulting proceeds are at least equal to the applicable Remarketing Price. The Company has the right to postpone the Final Remarketing or any Optional Remarketing, as applicable, in the Company’s absolute
discretion on any day prior to the last three Business Days of the Final Remarketing Period or any Optional Remarketing Period, as applicable. 

Section 7.03. Reset Rate. 

(a) In connection with each Remarketing, the Remarketing Agent(s) shall determine the Reset Rate in consultation with the Company (rounded to
the nearest one-thousandth of one percent (0.00001) per annum). 
 (b) Anything herein to the contrary notwithstanding, the Reset Rate shall
in no event exceed the maximum rate permitted by applicable law and shall not be a floating rate or a contingent rate. 
 (c) In the event
of a Successful Remarketing, the Interest Rate may be reset on the Remarketing Settlement Date to the Reset Rate as determined by the Remarketing Agent(s) under the Remarketing Agreement, and the Company shall

  
 20 

 
(i) notify the Trustee by an Officers’ Certificate delivered to the Trustee and (ii) request the Depositary to notify its Depositary Participants holding Notes, in each case, of the
Reset Rate, Interest Payment Dates, ranking and any other modified terms established for the Notes during the Remarketing on the Business Day following the date of the Successful Remarketing. 

(d) In the event of an Unsuccessful Final Remarketing, an Unsuccessful Optional Remarketing, or if no Applicable Ownership Interests in Notes
are included in Corporate Units and none of the Holders of the Separate Notes elect to have their Notes remarketed in any Remarketing, the applicable interest rate on the Notes will not be reset and will continue to be the Interest Rate. 

(e) If there is an Unsuccessful Remarketing, the Company shall cause a notice of the Unsuccessful Remarketing to be published before 9:00
a.m., New York City time, on the Business Day following the Applicable Remarketing Period. This notice shall be validly published by making a timely release to any appropriate news agency, including, without limitation, Bloomberg Business News and
the Dow Jones News Service. 
 Section 7.04. Put Right. 

(a) Subject to Section 7.04(b) below, if there has not been a Successful Remarketing prior to the last day of the Final Remarketing
Period, Holders of Notes will, subject to this Section 7.04, have the right (the “Put Right”) to require the Company to purchase such Notes for cash on the Purchase Contract Settlement Date at a price per Note to be purchased
equal to the principal amount of the applicable Note, plus accrued and unpaid interest thereon (including all accrued and unpaid Deferred Interest, if any, and Compounded Interest thereon, but excluding all accrued but unpaid Deferred
Interest, if any, and Compounded Interest thereon which is to be paid in cash) to, but excluding, the Purchase Contract Settlement Date (the “Put Price”). 

(b) The Put Right of Holders of Applicable Ownership Interests in Notes that are part of Corporate Units will be deemed to be automatically
exercised, in whole but not in part, in accordance with Section 5.02 of the Purchase Contract and Pledge Agreement. 
 (c) The Put
Right of a Holder of a Separate Note shall only be exercisable upon delivery of a notice substantially in the form attached as Exhibit B hereto, together with such Holder’s Separate Notes, to the Trustee by such Holder at or prior to 11:00
a.m., New York City time, on the second Business Day immediately preceding the Purchase Contract Settlement Date. Such Put Right for a Holder of a Separate Note may be exercised with respect to all or a portion of such Holder’s Separate Notes
(so long as such portion is an integral multiple of $1,000 principal amount). On or prior to the Purchase Contract Settlement Date or the Triggered Early Settlement Date, as applicable, the Company shall deposit with the Trustee immediately
available funds in an amount sufficient to pay, on 

  
 21 

 
the Purchase Contract Settlement Date the aggregate Put Price of all Separate Notes with respect to which a Holder has exercised a Put Right. In exchange for any Separate Notes surrendered
pursuant to the Put Right, the Trustee shall then distribute such amount to the Holders of such Separate Notes. 
 (d) Notes purchased
pursuant to the Put Right shall be cancelled by the Trustee in accordance with its applicable procedures and upon written instruction from the Company. 

Section 7.05. Other Modification of Terms in Connection with a Successful Remarketing. 

(a) In connection with a Successful Remarketing of the Notes, without the consent of any of the Holders of the Notes, the interest deferral
provisions of the Notes set forth in Section 2.06 shall no longer apply. 
 ARTICLE 8 

ADDITIONAL EVENTS OF DEFAULT AND CERTAIN
RESTRICTIONS 
 Section 8.01. Additional Events of Default in Connection with the Put Right. Section 6.01 of
the Indenture shall apply to the Notes; provided that Deferred Interest (including Compounded Interest thereon) shall not be considered due until the end of applicable Deferral Period. In addition, solely with respect to the Notes, it shall
constitute an Event of Default if the Company has not paid, on the Purchase Contract Settlement Date, the Put Price of any Note following the exercise or deemed exercise of the Put Right by any Holder of Notes. 

In connection with a Successful Remarketing, so that the Notes will rank senior to all of the Company’s existing and future junior
subordinated obligations and junior to all of the Company’s existing and future Senior Indebtedness, the Events of Default with respect to the Notes may be modified as the Company deems appropriate. 

Section 8.02. Dividend and other Payment Stoppage During Interest Deferral and Under Certain Other Circumstances. 

(a) The Company hereby agrees that until the earliest of (1) if the Final Remarketing is successful, the Purchase Contract Settlement
Date, (2) if any Optional Remarketing is successful, the Optional Remarketing Settlement Date and (3) November 17, 2018 if: (x) an Event of Default has occurred and is continuing; (y) the Company has given notice of its
election to defer Interest Payments but the related Deferral Period has not yet commenced; or (z) a Deferral Period is continuing with respect to the Notes, the Company shall not: 

(i) declare or pay any dividends or distributions on, or redeem, purchase, acquire or make a liquidation payment with respect
to, any shares of the Company’s Capital Stock; 

  
 22 

 (ii) make any payment of principal of, or interest or premium, if any, on, or
repay, purchase or redeem any of the Company’s debt securities that upon the Company’s liquidation rank pari passu with, or junior in interest to, the Notes (as of their date of issuance and not taking into account any
modifications to the terms of the Notes in connection with a Successful Remarketing); 
 (iii) make any Contract Adjustment
Payments under the Purchase Contract and Pledge Agreement or any payment under any similar agreement providing for the issuance by the Company of Capital Stock on a forward basis; or 

(iv) make any guarantee payments regarding any guarantee by the Company of securities of any of its subsidiaries if the
guarantee ranks pari passu with, or junior in interest to, the Notes (as of their date of issuance and not taking into account any modifications to the terms of the Notes in connection with a Successful Remarketing). 

(b) Notwithstanding the above provisions of Section 8.02(a), the restrictions therein contemplated shall not apply to: 

(i) any exchange, redemption or conversion of any class or series of the Company’s Capital Stock (or any Capital Stock of
any of its subsidiaries) for or to any class or series of the Company’s Capital Stock; 
 (ii) any purchase of, or
payment in cash in lieu of, fractional interests in shares of the Company’s Capital Stock pursuant to the conversion or exchange provisions of such Capital Stock or the securities being converted or exchanged; and 

(iii) any dividend in the form of stock, warrants, options or other rights where the dividend stock or the stock issuable upon
exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks pari passu with or junior to such stock. 

ARTICLE 9 

SUCCESSOR CORPORATION 

Section 9.01. Company May Consolidate, Reincorporate, Etc. on Certain Conditions. Section 10.01 of the Indenture shall apply
to the Notes, provided that Section 10.01(i) shall read “the successor or transferee entity is a corporation duly organized and existing under the laws of the United States or any political subdivision thereof” solely for
purposes of the terms of the Notes issued hereunder. 

  
 23 

 ARTICLE 10 

MISCELLANEOUS 

Section 10.01. Ratification of Indenture. The Indenture, as supplemented by this Supplemental Indenture, is in all respects
ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 

Section 10.02. Trustee Not Responsible For Recitals. The recitals herein contained are made by the Company and not by the Trustee,
and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 

Section 10.03. Governing Law. This Supplemental Indenture and each Note shall be deemed to be a contract made under the internal
laws of the State of New York, and for all purposes shall be construed in accordance with the laws of said State, except to the extent the Trust Indenture Act shall be applicable. 

Section 10.04. Separability. In case any one or more of the provisions contained in this Supplemental Indenture or in the Notes
shall for any reason be held to be invalid, illegal or unenforceable in any respect, then, to the extent permitted by the law, such invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Indenture or of
the Notes, but this Supplemental Indenture and the Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

Section 10.05. Counterparts. This Supplemental Indenture may be executed in any number of counterparts each of which shall be an
original; but such counterparts shall together constitute but one and the same instrument. 
 The exchange of copies of this Supplemental
Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Agreement as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes.
Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

  
 24 

 Section 10.06. Amendments to Indenture. For purposes of the Notes, the Indenture is
hereby amended as follows: 
 (a) The following language is added to the end of Section 2.08 of the Indenture: 

“All Debt Securities delivered by the Company to the Trustee hereunder shall be accompanied by an Officers’ Certificate instructing
the Trustee to cancel such Debt Securities and detailing the Debt Securities redeemed, converted or purchased by the Company.” 
 (b)
The following language is added to the end of Section 5.03 of the Indenture: 
 “(d) The Company shall promptly notify the Trustee
in writing of any late payments of principal or interest made to Holders. 
 (e) So long as any of the Debt Securities remain outstanding,
the Company will on an annual basis and otherwise forthwith on request by the Trustee, deliver to the Trustee a certificate signed by two officers of the Issuer stating that no Event of Default or Default has occurred (or, if such is not the case,
specifying the particulars of any Event of Default or Default).” 
 (c) The following language is added to the end of Section 7.02
of the Indenture: 
 “(l) In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss
or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(m) The Trustee’s powers shall be additional to any powers under applicable law or as Holder of any of the Notes. 

(n) The Trustee shall have the right to participate in the defense of any claim against it, even if its defense is assumed by an indemnifying
party. 
 (o) Any advice, opinion or information upon which the Trustee is entitled to rely may be sent or obtained by letter, email,
electronic communication or fax and the Trustee shall not be liable for acting in good faith on any such advice, opinion or information purporting to be conveyed by such means even if it contains an error or is not authentic; provided, that
the Trustee shall be liable for acting on any such advice, opinion or information where such reliance constitutes willful misconduct or gross negligence. 

  
 25 

 (p) The Trustee shall have no obligation to ascertain whether any Event of Default or Default has
occurred. 
 (q) The Trustee shall not be precluded from entering into other transactions with the parties to this Indenture that are
unrelated to the transactions contemplated hereby. 
 (r) The Trustee shall have the ability to request and rely upon certificates and/or
other information provided by the Depositary. 
 (s) Following a Default or an Event of Default, the Trustee shall have the right to notify
all agents appointed under this Indenture that such agents are to act as the agent of the Trustee and the liability of the Trustee to such agents shall be limited to the amount held by the Trustee in trust under this Indenture. 

(t) The Trustee shall not incur any liability arising from the Company’s or any other person’s breach of its obligations under this
Indenture. 
 (u) Holders shall not have the right to compel disclosure of information made available to the Trustee in connection with this
Indenture, unless required by applicable law or by the express terms hereof. 
 (v) The Trustee shall not be under any obligation to monitor
or supervise any other party to this Indenture. 
 (w) In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances,
nuclear or natural catastrophes or acts of God, and interruption, loss or malfunctioning of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are
consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 (x) The
Trustee shall not incur any liability for its own action or inaction other than where the Trustee has acted with negligence or willful misconduct. 

(y) The Trustee shall have no obligation or responsibility to post data or documents in connection with the Notes, to be delivered to a rating
agency or otherwise, on its website. 

  
 26 

 (z) Where an Opinion of Counsel is required to be furnished pursuant to this Indenture, such
Opinion of Counsel shall be in form and substance reasonably satisfactory to and addressed to the Trustee.” 
 (e) In Section 7.05
of the Indenture, the words “, nor need the Trustee manage such moneys” shall be inserted after the words “except to the extent required by law.” 

(f) In Section 7.06 of the Indenture, the words “bad faith” shall be replaced with “willful misconduct” in each
instance that they appear. 
 (g) In Section 7.06(a) of the Indenture, the following language shall be inserted immediately prior to
the sentence that begins, “The Company also covenants ...” 
 “The Company shall be responsible for all stamp, issue,
registration, documentary or other similar taxes and duties payable in respect of the issuance of the Notes or the acceleration of the Notes or the enforcement of the Indenture by the Trustee and shall indemnify the Trustee against any such taxes
paid by it in connection with any action taken to enforce the Company’s obligations.” 
 (h) In Section 13.04, the words
“in English” shall be inserted after the words “may be given or served”, the words “facsimile to a number provided in writing to the parties hereto or “ shall be inserted after the words “may be given or served
by” and the words “in English and by letter or facsimile” shall be inserted after the words “given or made in writing”. 

(i) The following language is added to the end of Article XIII of the Indenture: 

“SECTION 13.14. Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE DEBT SECURITIES OR THE TRANSACTION CONTEMPLATED HEREBY. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY CONSENTS
TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF ANY FEDERAL 

  
 27 

 
COURT LOCATED IN THE BOROUGH OF MANHATTAN AND IN SUCH STATE IN CONNECTION WITH ANY ACTION, SUIT OR OTHER PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE TO THE EXTENT
PERMITTED BY APPLICABLE LAW OR ANY ACTION TAKEN OR OMITTED HEREUNDER, AND WAIVES ANY CLAIM OF FORUM NON CONVENIENS AND ANY OBJECTIONS AS TO LAYING OF VENUE.” 

  
 28 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed on the date or dates indicated in the acknowledgements and as of the day and year first above written. 
  

					
	STANLEY BLACK & DECKER, INC.
		
	By:	 	 /s/ Craig A. Douglas

		 	Name:	 	Craig A. Douglas
		 	Title:	 	Vice President and Treasurer
	
	HSBC BANK USA, NATIONAL ASSOCIATION, Not in Its Individual Capacity But Solely as Trustee
		
	By:	 	 /s/ Elena Zheng

		 	Name:	 	Elena Zheng
		 	Title:	 	Assistant Vice President

  
 29 

 EXHIBIT A 

(FORM OF FACE OF NOTE) 
 [If the
Note is to be a Global Note, insert: THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY. THIS NOTE IS EXCHANGEABLE FOR NOTES REGISTERED IN
THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY
OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED EXCEPT IN LIMITED CIRCUMSTANCES. 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE
ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY
PAYMENT HEREON IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 

  
 A-1 

			
	No.                     	  	$        
	CUSIP No. 854502 AE1	  	

 STANLEY BLACK & DECKER, INC. 

2.25% JUNIOR SUBORDINATED NOTES DUE 2018 

STANLEY BLACK & DECKER, INC., a Connecticut corporation (the “Company”, which term includes any successor corporation under
the Indenture hereinafter referred to), for value received, hereby promises to pay to                      or registered assigns, the principal sum
[of                      Dollars ($        )]1 [as set
forth in the Schedule of Increases or Decreases in Note attached hereto, which amount shall not exceed $[        ]]2, on November 17, 2018 (the
“Maturity Date”) and to pay interest thereon from the original issuance date hereof or the most recent Interest Payment Date to which interest has been paid or duly provided for, subject to deferral at the Company’s election as
set forth in Section 2.06 of the Supplemental Indenture (defined herein), quarterly in arrears on February 17, May 17, August 17, and November 17 of each year (each, an “Interest Payment Date”),
commencing on February 17, 2014, at the rate of 2.25% per annum (the “Initial Interest Rate”). On and after a Remarketing Settlement Date, interest on this Note will be payable at the relevant Reset Rate per annum. The
Reset Rate and Semi-Annual Interest Payment Dates, if any, shall be established pursuant to the terms of the Indenture (as such term is defined on the reverse of this Note) and the Remarketing Agreement. 

The amount of interest payable on each Interest Payment Date will be computed on the basis of a 360-day year of twelve 30-day months, and the
amount of interest payable for any period shorter than a full month will be computed on the basis of the actual number of days elapsed in such period. In the event that any date on which interest is payable on this Note is not a Business Day, then
payment of interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay). The interest installment so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name this Note (or one or more Predecessor Securities, as defined in said Indenture) is registered at the close of business on the Regular
Record Date for such interest installment except that interest payable on the Maturity Date of the Notes shall be paid to the Person to whom principal is payable. The principal of and the interest (including Deferred Interest, if any, and Compounded
Interest thereon) on this Note shall be payable at the office or agency of the Trustee maintained for that purpose in New York, New York, in any coin or currency of the United States of America which 

 

	1 	Include in certificated Notes. 

	2 	 Include in Global Notes and Pledged Note. 

  
 A-2 

 
at the time of payment is legal tender for payment of public and private debts; provided, however, that payment of interest may be made at the option of the Company by check mailed
to the registered holder at such address as shall appear in the Security Register. Payments with respect to any Global Note will be made by wire transfer to the Depositary. 

The indebtedness evidenced by this Note is, to the extent provided in the Indenture, subordinate and junior in right of payment to the prior
payment in full of all Senior Indebtedness, and this Note is issued subject to the provisions of the Indenture with respect thereto. Each holder of this Note, by accepting the same, (a) agrees to and shall be bound by such provisions,
(b) authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to acknowledge or effectuate the subordination so provided and (c) appoints the Trustee his attorney-in-fact for any and all such
purposes. Each holder hereof, by his acceptance hereof, hereby waives all notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Indebtedness, whether now outstanding or hereafter
incurred, and waives reliance by each such Holder upon said provisions. 
 This Note shall not be entitled to any benefit under the
Indenture hereinafter referred to, be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. 

The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect
as though fully set forth at this place. 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed. 

Dated:                      

 

			
	STANLEY BLACK & DECKER, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Attest:	 	
		
	By:	 	  

		 	Assistant Secretary

  
 A-4 

 (FORM OF CERTIFICATE OF AUTHENTICATION) 

CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the series of Notes described in the within-mentioned Indenture. 

 

			
	HSBC Bank USA, National Association, Not in its individual capacity but solely as Trustee
		
	By:	 	  

		 	Authorized Signatory

  

			
	Dated:	 	  

  
 A-5 

 (FORM OF REVERSE OF NOTE) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), specified
in the Indenture, all issued or to be issued in one or more series under and pursuant to an Indenture dated as of November 22, 2005, duly executed and delivered between the Company and HSBC Bank USA, National Association, not in its individual
capacity but solely as trustee (the “Trustee”), as supplemented by the Fourth Supplemental Indenture thereto, dated as of December 3, 2013, between the Company and the Trustee (the “Supplemental Indenture,” and
the Indenture, as so supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Trustee, the Company and the holders of the Notes. This Note is one of the series designated on the face hereof, limited in aggregate principal amount to $345,000,000. 

All terms used in this Note that are defined in the Indenture shall have the meaning assigned to them in the Indenture. 

Pursuant to Section 7.04 of the Supplemental Indenture, if there has not been a Successful Remarketing prior to the end of the Final
Remarketing Period, Holders of Notes will have the right to require the Company to purchase such Notes on the Purchase Contract Settlement Date. 

The Notes are not entitled to the benefit of any sinking fund. 

In case an Acceleration Event of Default, as defined in the Indenture, shall have occurred and be continuing, the principal of all of the
Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the entry into one or more supplemental indentures for purposes of
amending or modifying the rights and obligations of the Company and the rights of the Holders of the Securities under the Indenture or the Supplemental Indenture at any time by the Company and the Trustee with the consent of the Holders of a
majority in principal amount of the Securities at the time outstanding of all series affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes at the time Outstanding, on behalf
of the Holders of all Notes, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and the consequences thereof. Any such consent or waiver by the Holder of this Note shall be
conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note. 

  
 A-6 

 Notes are issuable only in registered form without coupons in denominations of $1,000 and any
integral multiple thereof, except as provided in Section 2.03(b)of the Supplemental Indenture. 
 Except as provided in
Section 2.04 of the Supplemental Indenture, the Notes shall be issued in fully registered, certificated form, bearing identical terms. Principal of and interest on the Notes will be payable, the transfer of such Notes will be registrable, and
such Notes will be exchangeable for Notes of a like aggregate principal amount bearing identical terms and provisions, at the office or agency of the Company maintained for such purpose in the Borough of Manhattan, The City of New York. 

No service charge shall be made for any registration of transfer or exchange of the Notes, but the Company may require payment from the Holder
of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 
 Pursuant to
Section 2.04 of the Supplemental Indenture, Notes corresponding to Applicable Ownership Interests in Notes that are no longer a component of the Corporate Units and are released from the Collateral Account will be issued as Global Notes. Except
as otherwise provided in the Indenture, or except upon recreation of Corporate Units, Notes represented by Global Notes will not be exchangeable for, and will not otherwise be issuable as, Notes in certificated form. Unless and until such Global
Notes are exchanged for Notes in certificated form, Global Notes may be transferred, in whole but not in part, and any payments on the Notes shall be made, only to the Depositary or a nominee of the Depositary, or to a successor Depositary selected
or approved by the Company or to a nominee of such successor Depositary. 
 Subject to Sections 2.03 and 8.01 of the Indenture, the Company,
the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary. 
 The Company agrees, and by acceptance of a Corporate Unit or a Separate Note, each Holder
(or beneficial owner) will be deemed to have agreed for U.S. Federal income tax purposes to treat the Notes as indebtedness. 
 THIS NOTE SHALL BE GOVERNED
BY AND DEEMED TO BE A CONTRACT UNDER, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF SAID STATE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF. 

  
 A-7 

 SCHEDULE OF INCREASES OR DECREASES IN NOTE3

 The initial principal amount of this Note is $[        ]. The following increases or decreases in
a part of this Note have been made: 
  

									
	 Date
	  	Amount of
decrease in
principal
amount of this
Note	  	Amount of
increase in
principal
amount of this
Note	  	Principal
amount of this
Note following
such decrease
(or increase)	  	Signature of
authorized
signatory of
Trustee or
Custodial Agent
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

	3 	Insert in Global Notes and Pledged Notes 

  
 A-8 

 EXHIBIT B 

PUT NOTICE 
  

	TO:	STANLEY BLACK & DECKER, INC. 

 HSBC BANK USA, NATIONAL ASSOCIATION, AS TRUSTEE 

Please refer to the Indenture, dated as of November 22, 2005, between Stanley Black & Decker, Inc. (the “Company”) and
HSBC Bank USA, National Association, as Trustee, as amended and supplemented by the Fourth Supplemental Indenture, dated as of December 3, 2013, between the Company and the Trustee (such Indenture as amended and supplemented, the
“Indenture”). Capitalized terms used herein but not defined shall have the meanings ascribed to such terms in the Indenture. 
 The
undersigned registered Holder of the Note designated below, which is being delivered to the Trustee herewith, hereby requests and instructs the Company to purchase such Note or the portion thereof specified below (so long as such portion is in a
principal amount of $1,000 or an integral multiple thereof), in accordance with the terms of the Indenture, at the price of 100% of the principal amount of such Note (or portion thereof), plus accrued and unpaid interest thereon (including all
accrued and unpaid Deferred Interest, if any, and Compounded Interest thereon, but excluding all accrued but unpaid Deferred Interest, if any, and Compounded Interest thereon which is to be paid in cash) to, but excluding, the Purchase Contract
Settlement Date. The Note (or portion thereof) shall be purchased by the Company as of the Purchase Contract Settlement Date pursuant to the terms and conditions specified in the Indenture. 

Dated: 
 Signature: 

NOTICE: The above signature of the Holder hereof must correspond with the name as written upon the face of the Note in every particular without alteration or
enlargement or any change whatever. 
 Signature Guarantee: 

Note Certificate Number (if applicable): 
 Principal Amount:

 Portion to be purchased if other than the Principal Amount set forth above: 

Social Security or Other Taxpayer Identification Number: 
 DTC
Account Number (if applicable): 
 Name of Account Party (if applicable): 

  
 B-1 

 PAYMENT INSTRUCTIONS: The purchase price of the Note should be paid by check in the name of the person(s) set
forth below and mailed to the address set forth below. 
  

			
	Name(s)	 	  

		 	(Please Print)
		
	Address	 	  

		 	(Please Print)
	
	  

	
	  

	(Zip Code)
	  

	(Tax Identification or Social Security Number)

  
 B-2

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