Document:

Amended and Restated ABL Credit Agreement

 Exhibit 10.2 
 Execution Version 
 AMENDED AND RESTATED ABL CREDIT AGREEMENT

 Dated as of August 17, 2012 
 among 
 NAVISTAR, INC., 

as Borrower, 

THE LENDERS PARTY HERETO, 
 BANK OF AMERICA, N.A., 
 as Administrative Agent, 

JPMORGAN CHASE BANK, N.A. 
 and 
 WELLS FARGO CAPITAL FINANCE, LLC, 

as Syndication Agents, 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 
 J.P. MORGAN
SECURITIES LLC, 
 and 
 WELLS FARGO CAPITAL FINANCE, LLC, 
 as Joint Lead Arrangers and Joint Book Managers,

 and 

CREDIT SUISSE SECURITIES (USA) LLC, 
 as Joint Book Manager 

 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

 Table of Contents 

 

							
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS	  
			
	 Section 1.01
	 	Defined Terms	  	 	1	  
	 Section 1.02
	 	Classification of Loans and Borrowings	  	 	32	  
	 Section 1.03
	 	Terms Generally	  	 	32	  
	 Section 1.04
	 	Accounting Terms; GAAP	  	 	33	  
	 Section 1.05
	 	Times of Day	  	 	33	  
	 Section 1.06
	 	Timing of Payment or Performance	  	 	33	  
	 Section 1.07
	 	Certifications	  	 	33	  
	
	ARTICLE II	  
	
	THE CREDITS	  
			
	 Section 2.01
	 	Commitments	  	 	33	  
	 Section 2.02
	 	Loans and Borrowings	  	 	33	  
	 Section 2.03
	 	Requests for Borrowings	  	 	34	  
	 Section 2.04
	 	Protective Advances	  	 	35	  
	 Section 2.05
	 	Swingline Loans; Settlement	  	 	36	  
	 Section 2.06
	 	Letters of Credit	  	 	36	  
	 Section 2.07
	 	Funding of Borrowings	  	 	42	  
	 Section 2.08
	 	Type; Interest Elections	  	 	42	  
	 Section 2.09
	 	Termination and Reduction of Commitments	  	 	43	  
	 Section 2.10
	 	Repayment of Loans; Evidence of Debt	  	 	44	  
	 Section 2.11
	 	Prepayment of Loans	  	 	45	  
	 Section 2.12
	 	Fees	  	 	46	  
	 Section 2.13
	 	Interest	  	 	47	  
	 Section 2.14
	 	Alternate Rate of Interest	  	 	47	  
	 Section 2.15
	 	Increased Costs	  	 	48	  
	 Section 2.16
	 	Break Funding Payments	  	 	49	  
	 Section 2.17
	 	Taxes	  	 	49	  
	 Section 2.18
	 	Payments Generally; Allocation of Proceeds; Sharing of Set-offs	  	 	52	  
	 Section 2.19
	 	Mitigation Obligations; Replacement of Lenders	  	 	54	  
	 Section 2.20
	 	Illegality	  	 	55	  
	 Section 2.21
	 	Reserves; Change in Reserves	  	 	55	  
	 Section 2.22
	 	[Reserved]	  	 	55	  
	 Section 2.23
	 	Defaulting Lender	  	 	55	  
	
	ARTICLE III	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	 Section 3.01
	 	Organization	  	 	56	  
	 Section 3.02
	 	Borrower Information; Subsidiaries	  	 	56	  

  
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 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

							
	 Section 3.03
	 	Powers	  	 	56	  
	 Section 3.04
	 	Governmental Authorization	  	 	57	  
	 Section 3.05
	 	Due Execution	  	 	57	  
	 Section 3.06
	 	No Action, Suit, Etc	  	 	57	  
	 Section 3.07
	 	No Material Adverse Change	  	 	57	  
	 Section 3.08
	 	Consolidated Financials	  	 	57	  
	 Section 3.09
	 	Information	  	 	58	  
	 Section 3.10
	 	Margin Regulations	  	 	58	  
	 Section 3.11
	 	Investment Company Act	  	 	58	  
	 Section 3.12
	 	Solvency	  	 	58	  
	 Section 3.13
	 	ERISA	  	 	58	  
	 Section 3.14
	 	Environmental	  	 	60	  
	 Section 3.15
	 	Taxes	  	 	60	  
	 Section 3.16
	 	Existing Debt	  	 	60	  
	 Section 3.17
	 	Existing Liens	  	 	60	  
	 Section 3.18
	 	[Reserved]	  	 	60	  
	 Section 3.19
	 	Insurance	  	 	60	  
	 Section 3.20
	 	Security Interest in Collateral	  	 	61	  
	 Section 3.21
	 	Sanctioned Persons	  	 	61	  
	 Section 3.22
	 	Reserved	  	 	61	  
	 Section 3.23
	 	Labor Disputes	  	 	61	  
	 Section 3.24
	 	No Defaults	  	 	61	  
	 Section 3.25
	 	Ownership of Property; Liens	  	 	61	  
	 Section 3.26
	 	Status of Debt	  	 	62	  
	
	ARTICLE IV	  
	
	CONDITIONS	  
			
	 Section 4.01
	 	Closing Date	  	 	62	  
	 Section 4.02
	 	Each Borrowing	  	 	65	  
	 Section 4.03
	 	Determinations Under Sections 4.01 and 4.02	  	 	66	  
	
	ARTICLE V	  
	
	AFFIRMATIVE COVENANTS	  
			
	 Section 5.01
	 	Financial Statements; Borrowing Base and Other Information	  	 	67	  
	 Section 5.02
	 	Notices of Material Events	  	 	69	  
	 Section 5.03
	 	Existence; Conduct of Business	  	 	70	  
	 Section 5.04
	 	Payment of Taxes	  	 	70	  
	 Section 5.05
	 	Maintenance of Properties	  	 	71	  
	 Section 5.06
	 	Books and Records; Inspection Rights; Appraisals; Field Examinations	  	 	71	  
	 Section 5.07
	 	Compliance with Laws	  	 	72	  
	 Section 5.08
	 	Use of Proceeds	  	 	72	  
	 Section 5.09
	 	Insurance	  	 	72	  
	 Section 5.10
	 	Further Assurances	  	 	72	  
	 Section 5.11
	 	Establishment and Utilization of the Collection Account	  	 	73	  
	 Section 5.12
	 	Speculative Transactions	  	 	74	  
	 Section 5.13
	 	Compliance with Borrowing Base	  	 	74	  
	 Section 5.14
	 	Sales of Parts Inventory and of Parts Receivables	  	 	74	  

  
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 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

							
	 Section 5.15
	 	Location of Parts Inventory	  	 	74	  
	
	ARTICLE VI	  
	
	NEGATIVE COVENANTS	  
			
	 Section 6.01
	 	Debt	  	 	75	  
	 Section 6.02
	 	Liens	  	 	77	  
	 Section 6.03
	 	Change in Nature of Business	  	 	78	  
	 Section 6.04
	 	Mergers, Etc	  	 	78	  
	 Section 6.05
	 	Sales, Etc. of Assets	  	 	79	  
	 Section 6.06
	 	Investments in Other Persons	  	 	80	  
	 Section 6.07
	 	Restricted Payments	  	 	82	  
	 Section 6.08
	 	Accounting Changes	  	 	83	  
	 Section 6.09
	 	Prepayments, Etc., of Debt	  	 	83	  
	 Section 6.10
	 	Partnerships, Etc	  	 	83	  
	 Section 6.11
	 	Payment Restrictions Affecting Borrower	  	 	84	  
	 Section 6.12
	 	Transactions with Affiliates	  	 	84	  
	 Section 6.13
	 	Amendment of Material Documents	  	 	84	  
	 Section 6.14
	 	Sales of Receivables	  	 	85	  
	 Section 6.15
	 	Designation of Designated Senior Debt	  	 	85	  
	
	ARTICLE VII	  
	
	EVENTS OF DEFAULT	  
			
	 Section 7.01
	 	Events of Default	  	 	85	  
	
	ARTICLE VIII	  
	
	THE ADMINISTRATIVE AGENT	  
			
	 Section 8.01
	 	The Administrative Agent	  	 	88	  
	 Section 8.02
	 	Indemnification by Lenders	  	 	91	  
	 Section 8.03
	 	Banking Services Providers	  	 	92	  
	 Section 8.04
	 	No Third Party Beneficiaries	  	 	92	  
	
	ARTICLE IX	  
	
	MISCELLANEOUS	  
			
	 Section 9.01
	 	Notices	  	 	92	  
	 Section 9.02
	 	Waivers; Amendments	  	 	94	  
	 Section 9.03
	 	Expenses; Indemnity; Damage Waiver	  	 	96	  
	 Section 9.04
	 	Successors and Assigns	  	 	98	  
	 Section 9.05
	 	Survival	  	 	103	  
	 Section 9.06
	 	Counterparts; Integration; Effectiveness	  	 	104	  
	 Section 9.07
	 	Severability	  	 	104	  
	 Section 9.08
	 	Right of Setoff	  	 	104	  
	 Section 9.09
	 	Governing Law; Jurisdiction; Consent to Service of Process	  	 	104	  

  
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 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

							
	 Section 9.10
	 	WAIVER OF JURY TRIAL	  	 	105	  
	 Section 9.11
	 	Headings	  	 	105	  
	 Section 9.12
	 	Confidentiality	  	 	105	  
	 Section 9.13
	 	Lender Obligations Several; Violation of Law	  	 	106	  
	 Section 9.14
	 	USA PATRIOT Act	  	 	106	  
	 Section 9.15
	 	Disclosure; No Advisory or Fiduciary Responsibility	  	 	106	  
	 Section 9.16
	 	Appointment for Perfection	  	 	107	  
	 Section 9.17
	 	Interest Rate Limitation	  	 	107	  
	 Section 9.18
	 	Reserved	  	 	107	  
	 Section 9.19
	 	Reserved	  	 	107	  
	 Section 9.20
	 	Reserved	  	 	107	  
	 Section 9.21
	 	Obligations Absolute	  	 	107	  
	 Section 9.22
	 	Discretionary Loans	  	 	108	  
	 Section 9.23
	 	Credit Inquiries	  	 	108	  
	 Section 9.24
	 	Existing Senior Credit Agreement	  	 	108	  

 SCHEDULES: 
 Commitment Schedule 

 

			
	 Schedule 2.06
	  	- Existing Letters of Credit
	 Schedule 3.02
	  	- Subsidiaries
	 Schedule 3.16
	  	- Existing Debt
	 Schedule 3.17
	  	- Existing Liens
	 Schedule 3.19
	  	- Insurance

 EXHIBITS: 
  

			
	 Exhibit A
	  	- Form of Administrative Questionnaire
	 Exhibit B
	  	- Form of Assignment and Assumption
	 Exhibit C
	  	- Form of Borrowing Base Certificate
	 Exhibit D
	  	- Form of Perfection Certificate
	 Exhibit E
	  	- Form of Letter of Credit Request
	 Exhibit F
	  	- Form of Borrowing Request
	 Exhibit G
	  	- Form of Promissory Note
	 Exhibit H
	  	- Form of Security Agreement

  
 iv 

 AMENDED AND RESTATED ABL CREDIT AGREEMENT 

AMENDED AND RESTATED ABL CREDIT AGREEMENT (this “Agreement”), dated as of August [•], 2012, by and among NAVISTAR,
INC., a Delaware corporation (the “Borrower”), THE LENDERS (as hereinafter defined) from time to time party hereto, BANK OF AMERICA, N.A., as administrative agent for the Lenders hereunder (“Bank of America” or,
together with any successor administrative agent appointed pursuant hereto, in such capacity and including any permitted successor or assign, the “Administrative Agent”), JPMORGAN CHASE BANK, N.A. and WELLS FARGO CAPITAL FINANCE,
LLC as co-syndication agents (collectively, the “Syndication Agents”), MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, J.P. MORGAN SECURITIES LLC and WELLS FARGO CAPITAL FINANCE, LLC, as joint lead arrangers (in such
capacity and including any permitted successor or assign, the “Joint Lead Arrangers”), and MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, J.P. MORGAN SECURITIES LLC, WELLS FARGO CAPITAL FINANCE, LLC and CREDIT SUISSE
SECURITIES (USA) LLC as joint book managers (in such capacity, the “Joint Book Managers”). 
 PRELIMINARY
STATEMENTS 
 The parties hereto are entering into this Agreement in order to amend and restate the Existing Senior Credit
Agreement (as defined below). Upon satisfaction (or waiver in accordance with Section 9.02) of the conditions set forth herein, the Existing Senior Credit Agreement shall be amended and restated in its entirety in the form of this
Agreement, with the effect provided in Section 9.24 hereof. 
 NOW, THEREFORE, for valuable consideration hereby
acknowledged, the parties agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Section 1.01 Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “2009 Senior Note Indenture” means the Indenture, dated as of October 28, 2009, by and among Navistar International, Borrower and The Bank of New York Mellon Trust Company, N.A., as
trustee. 
 “2009 Senior Subordinated Convertible Note Indenture” means the Indenture, dated as of
October 28, 2009, between Navistar International and The Bank of New York Mellon Trust company, N.A., as trustee. 

“Account” has the meaning assigned to such term in the Security Agreement. 

“ACH” means automated clearing house transfers. 

“Additional Discretionary Loans” has the meaning assigned to such term in Section 9.22(c). 

 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

 “Adjustment Date” means the first day of each February, May, August,
and November as applicable. 
 “Administrative Agent” has the meaning assigned to such term in the preamble to
this Agreement. 
 “Administrative Questionnaire” means an Administrative Questionnaire in the form of
Exhibit A. 
 “Affiliate” means, as applied to any Person, any other Person directly or indirectly
Controlling, Controlled by, or under common Control with, that Person. 
 “Agent Indemnitee” means the
Administrative Agent and its respective officers, directors, employees, Affiliates, agents and attorneys. 
 “Agent
Professionals” means attorneys, accountants, appraisers, auditors, business valuation experts, environmental engineers or consultants, turnaround consultants, and other professionals and experts retained by the Administrative Agent in
accordance with the terms hereof. 
 “Agreement” has the meaning assigned to such term in the preamble to this
agreement. 
 “Agreement Value” means, for each Hedge Agreement, on any date of determination, an amount
reasonably determined by the Administrative Agent equal to the amount, if any, that would be payable by Borrower to its counterparty to such Hedge Agreement in accordance with its terms as if (a) such Hedge Agreement was being terminated early
on such date of determination, and (b) Borrower was the sole “Affected Party.” 
 “Anti-Terrorism
Laws” means any laws relating to terrorism or money laundering, including the USA PATRIOT Act. 
 “Applicable
Margin” means, for any day, with respect to any Base Rate Loan or LIBOR Loan, the applicable rate per annum set forth below under the caption “LIBOR Spread” or “Base Rate Spread”, based upon the Average Historical
Excess Availability as of the most recent Adjustment Date; provided that until November 1, 2012 the “Applicable Margin” shall be the applicable rate per annum set forth below in Category 1: 

 

									
	 Average Historical

Excess Availability
	  	 LIBOR

Spread
	 	 	 Base Rate

Spread
	 
	 Category 1
	  				 			
	 Average Historical Excess Availability greater than $60,000,000.
	  	 	2.75	% 	 	 	1.75	% 
			
	 Category 2
	  				 			
	 Average Historical Excess Availability less than or equal to $60,000,000.
	  	 	3.25	% 	 	 	2.25	% 

 The Applicable Margin shall be adjusted quarterly on a prospective basis on each Adjustment Date based
upon the Average Historical Excess Availability in accordance with the table above; provided, however, that if an Event of Default shall have occurred and be continuing at the time any reduction in the Applicable Margin would otherwise be
implemented, no such reduction shall be implemented until the date on which such Event of Default shall have been cured or waived. 

  
 2 

 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

 “Applicable Percentage” means, at any time, in the case of any Lender,
with respect to Revolving Loans, LC Exposure or Swingline Loans, a percentage equal to a fraction, the numerator of which is such Lender’s Commitment (or, if the Commitments have terminated or expired, such Lender’s Exposure at that time)
and the denominator of which is the aggregate Commitments (or, if the Commitments have terminated or expired, the aggregate Exposure at that time); provided that in the case of Section 2.23 when a Defaulting Lender shall exist,
any such Defaulting Lender’s Commitment shall be disregarded in any of such calculations. 
 “Approved
Fund” means any Person (other than a natural Person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered or managed by (a) a Lender,
(b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 
 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by
Section 9.04), and accepted by the Administrative Agent, substantially in the form of Exhibit B or any other form approved by the Administrative Agent. 
 “Availability Period” means the period from and including the Closing Date to but excluding the Maturity Date. 
 “Availability Reserves” means the sum (without duplication of any other reserve or items that are otherwise addressed or excluded through eligibility criteria as more
expressly provided in the last sentence of Section 2.21) of (a) the Inventory Reserve; plus (b) the Banking Services Reserve; plus (c) the Line Reserves; plus (d) the
aggregate amount of liabilities secured by Liens upon Collateral which rank or are capable of ranking prior to or pari passu with the Liens of the Administrative Agent (but imposition of any such Reserve shall not waive an Event of Default
arising therefrom) as the Administrative Agent in its Permitted Discretion may elect to impose; plus (e) the Liquidity Block Amount; plus (f) without duplication of any reserve specified in clauses
(a) through (e) above, such other reserves of the type reflected in the Borrowing Base Certificate delivered on the Closing Date or otherwise reflected on the form of Borrowing Base Certificate attached as Exhibit C;
plus (g) such additional Reserves, in such amounts and with respect to such matters, as the Administrative Agent in its Permitted Discretion may elect to impose from time to time in accordance with Section 2.21.

 “Available Commitments” means, at any time, an amount equal to (a) the aggregate Commitments then in
effect, minus (b) the Liquidity Block Amount, minus (c) Line Reserves. 
 “Average
Historical Excess Availability” means, at any Adjustment Date, the average daily Excess Availability for the three month period immediately preceding such Adjustment Date (or, in the case of the Adjustment Date falling on November 1,
2012, for the period from the Closing Date until October 31, 2012) with the Borrowing Base at such time for any such day used to determine “Excess Availability” calculated by reference to the most recent Borrowing Base Certificate
delivered to the Administrative Agent on or prior to such day pursuant to Section 5.01(c) as the same may be adjusted from time to time by the Administrative Agent to reflect the establishment or adjustment of Availability Reserves in
accordance with Section 2.21 or the receipt of a new Inventory appraisal; provided that in the case of any adjustment by the Administrative Agent due to the receipt of a new Inventory appraisal, the Administrative Agent shall have
provided Borrower at least five Business Days’ prior written notice of any such adjustment. 

  
 3 

 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

 “Backstop” means the issuance of a standby letter of credit, in form
and substance satisfactory to the Administrative Agent, issued by an issuer satisfactory to the Administrative Agent, in an amount equal to 103% of the stated amount of all outstanding Letters of Credit. “Backstopped” has a
correlative meaning. Nothing in this definition shall be deemed a consent by the Administrative Agent or the Lenders to the incurrence by Borrower of Obligations (contingent or otherwise) with respect to any such letter of credit unless such
Obligations constitute Debt permitted under Section 6.01 and, if secured, such Obligations are secured by Liens permitted under Section 6.02. 
 “Bank of America” has the meaning assigned to such term in the preamble to this Agreement. 
 “Banking Services” means each and any of the following products, services or facilities provided to Borrower by the Administrative Agent, any Lender or any of their Affiliates:
(a) Cash Management Services, (b) commercial credit card and merchant card services, (c) stored value cards and treasury management services (including, without limitation, overdraft, controlled disbursement, ACH transactions, return
items and interstate depository network services) and (d) other banking products or services as may be requested by Borrower, other than Letters of Credit. 
 “Banking Services Obligations” means any and all Obligations of Borrower, whether absolute or contingent and however and whenever created, arising, evidenced or acquired (including all
renewals, extensions and modifications thereof and substitutions therefor), owed to a Secured Banking Services Provider in connection with Banking Services provided to Borrower. 

“Banking Services Reserve” means the aggregate amount of reserves established by the Administrative Agent from time to
time in its Permitted Discretion in respect of Banking Services Obligations. 
 “Bankruptcy Law” means Title
11, U.S. Code, as amended from time to time, or any similar foreign, federal or state law for the relief of debtors, including all rules and regulations promulgated thereunder. 

“Base Rate” means, for any day, a per annum rate equal to the greatest of (a) the Prime Rate for such day;
(b) the Federal Funds Effective Rate for such day, plus 0.50%; and (c) LIBOR for a 30 day interest period as determined on such day, plus 1.0%. 
 “Base Rate Loan” means any Loan that bears interest based on the Base Rate. 
 “Blackout Period” means the first four Business Days of a calendar month or such lesser period during which Borrower’s computer system is unavailable due to month-end file
maintenance and closing procedures. 
 “Board” means the Board of Governors of the Federal Reserve System of
the United States of America (or any successor thereto). 
 “Board of Directors” means (a) with respect to
a corporation, the board of directors of the corporation, (b) with respect to a partnership, the member, manager(s) or board of directors, as applicable, of the general partner of the partnership and (c) with respect to any other Person,
the member, manager, the board or committee of such Person serving a similar function. 
 “Borrower” has the
meaning assigned to such term in the preamble to this Agreement. 
 “Borrower Reply” has the meaning assigned
to such term in Section 9.22(c). 

  
 4 

 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

 “Borrowing” means any (a) Revolving Loans of the same Type made,
converted or continued on the same date and, in the case of LIBOR Loans, as to which a single Interest Period is in effect, (b) Swingline Loan or (c) Protective Advance. 

“Borrowing Base” means, at any time, an amount equal to the Inventory Component minus, without
duplication, the then-current amount of all Availability Reserves. The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to
Section 5.01(c), as the same may be adjusted from time to time by the Administrative Agent to reflect the establishment or adjustment of Availability Reserves in accordance with Section 2.21 or the receipt of a new Inventory
appraisal; provided that in the case of any adjustment by the Administrative Agent due to the receipt of a new Inventory appraisal, the Administrative Agent shall have provided Borrower at least five Business Days’ prior written notice
of any such adjustment. 
 “Borrowing Base Certificate” means a certificate, signed and certified as accurate
and complete in all material respects by a Financial Officer of Borrower, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its reasonable discretion. 

“Borrowing Request” means a request by Borrower for a Borrowing in accordance with Section 2.03 and
substantially in the form attached hereto as Exhibit F, or such other form as shall be approved by the Administrative Agent. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; provided
that, when used in connection with a LIBOR Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market. 

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any
lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the
amount of such obligations shall be the amount thereof accounted for as a liability determined in accordance with GAAP; provided, that a change in GAAP or the interpretation thereof shall not result in any lease that is, or would be,
characterized by a Person as an operating lease in accordance with GAAP in effect on the date hereof being considered a Capital Lease Obligation. 
 “Capitalized Leases” means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases; provided, that a change in GAAP or the interpretation
thereof shall not result in any lease that is, or would be, characterized by a Person as an operating lease in accordance with GAAP in effect on the date hereof being considered a Capitalized Lease. 

“CARB” means the California Air Resources Board. 

“Cash Collateralize” means the deposit in the LC Collateral Account of an amount equal to 103% of the aggregate LC
Obligations as security for the payment of Facility Obligations. “Cash Collateralization” has a correlative meaning. 
 “Cash Equivalents” means: 
 (a) securities issued or directly and
fully guaranteed or insured by the United States government or any agency or instrumentality of the United States government; provided, that the full faith and credit of the United States, is pledged in support of those securities having maturities
of not more than 24 months from the date of acquisition; 

  
 5 

 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

 (b) certificates of deposit and eurodollar time deposits with maturities of 24 months or
less from the date of acquisition, bankers’ acceptances with maturities not exceeding twenty-four months and overnight bank deposits, in each case, with any commercial bank having capital and surplus in excess of $500,000,000 and, as
applicable, a Thomson Bank Watch Rating of “B” or better; 
 (c) repurchase obligations or securities lending
arrangements for underlying securities of the types described in clauses (a) and (b) above entered into with any financial institution meeting the qualifications specified in clause (b) above; 

(d) commercial paper having a rating of at least “A-2” from S&P or “P-2” from Moody’s and in each case
maturing within 270 days after the date of acquisition or asset-backed securities having a rating of at least “A” from S&P or “A2” from Moody’s and in each case maturing within thirty-six months after the date of
acquisition; 
 (e) demand or time deposit accounts used in the ordinary course of business with overseas branches of commercial
banks incorporated under the laws of the United States of America, any state thereof or the District of Columbia; provided that such commercial bank has, at the time of the Investment therein, (i) capital, surplus and undivided profits
(as of the date of such institution’s most recently published financial statement) in excess of $100,000,000, and (ii) the long-term unsecured debt obligations (other than such obligations rated on the basis of the credit of a Person other
than such institution) of such institution, at the time of the Investment therein, are rated at least “A” from S&P or “A2” from Moody’s; 
 (f) obligations (including, but not limited to demand or time deposits, bankers’ acceptances and certificates of deposit) issued or guaranteed by a depository institution or trust company
incorporated under the laws of the United States of America, any state thereof or the District of Columbia; provided that (i) such instrument has a final maturity not more than one year from the date of purchase thereof, and
(ii) such depository institution or trust company has at the time of the Investment therein or contractual commitment providing for such Investment, (A) capital, surplus and undivided profits (as of the date of such institution’s most
recently published financial statement) in excess of $100,000,000 and (B) the long-term unsecured debt obligations (other than such obligations rated on the basis of the credit of a Person other than such institution) of such institution, at
the time of the Investment therein or contractual commitment providing for such Investment, are rated at least “A” from S&P or “A2” from Moody’s; 
 (g)(i) money market funds at least 95% of the assets of which constitute Cash Equivalents of the kinds described in clauses (a) through (f) of this definition, or
(ii) money market funds which are rated at least “AAA” from S&P; or 
 (h) Dollars. 

Notwithstanding the foregoing, any investments which would otherwise constitute Cash Equivalents of the kinds described in clauses
(a), (b), (c) and (d) hereof that are permitted to have maturities in excess of 12 months shall only be deemed to be Cash Equivalents under this definition if and only if the total weighted average maturity of
all Cash Equivalents of the kinds described in clauses (a), (b), (c) and (d) does not exceed twelve months on an aggregate basis. 

  
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 “Cash Management Services” means any services provided from time to
time by Bank of America, any Lender or any of their respective Affiliates to Borrower in connection with operating, collections, payroll, trust, or other depository or disbursement accounts, including automated clearinghouse, e-payable, electronic
funds transfer, wire transfer, controlled disbursement, overdraft, depository, information reporting, lockbox and stop payment services. 
 “Change in Law” means (a) the adoption of any law, rule or regulation after the date of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender or any Issuing Bank (or, for purposes of Section 2.15(b), by any lending office of such Lender or by such
Lender’s or such Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement (other than any such
request, guideline or directive to comply with any law, rule or regulation that was in effect on the date of this Agreement); provided that, notwithstanding the foregoing, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act
and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall in the case of each of clause (x) and (y) above be deemed to be a “Change in
Law”. 
 “Change of Control” means the occurrence of one or more of the following events: 

(a) any “person” or “group” (as such terms are used in Section 13(d) and 14(d) of the Exchange Act), other than
employee or retiree benefit plans or trusts sponsored or established by Navistar International or Borrower is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities
of Navistar International representing 35% or more of the combined voting power of Navistar International’s then-outstanding Voting Interests; 
 (b) the following individuals cease for any reason to constitute more than a majority of the number of directors then serving on the Board of Directors of Navistar International: individuals who, on the
date hereof, constitute such Board of Directors and any new director (other than a director whose initial assumption of the office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation,
relating to the election of directors of Navistar International) whose appointment or election by such Board of Directors or nomination for election by such Person’s stockholders was approved by the vote of at least a majority of the directors
then still in office or whose appointment, election or nomination was previously so approved or recommended with respect to directors whose appointment of election to such Board of Directors was made by the holders of Navistar International’s
nonconvertible junior preference stock, series B, by the holders of such preference stock; 
 (c) the shareholders of Navistar
International or Borrower shall approve any Plan of Liquidation (whether or not otherwise in compliance with the provisions hereof), other than as otherwise expressly permitted herein; 

(d) Navistar International consolidates with or merges with or into another Person, other than a merger or consolidation of Navistar
International in which the holders of the common stock of Navistar International outstanding immediately prior to the consolidation or merger hold, directly or indirectly, at least a majority of the common stock of the surviving corporation
immediately after such consolidation or merger; 

  
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 (e) Navistar International or Borrower, directly or indirectly, sells, assigns, conveys,
transfers, leases or otherwise disposes of, in one transaction or a series of related transactions, all or substantially all of the property or assets of Navistar International and its Restricted Subsidiaries or Borrower and its Restricted
Subsidiaries (determined on a Consolidated basis) to any Person; provided, that neither (i) the merger of a Restricted Subsidiary of Borrower into Borrower (so long as Borrower is the surviving corporation) or any other Restricted
Subsidiary, nor (ii) a series of transactions involving the sale of receivables or interests therein in the ordinary course of business by a Finance Subsidiary in connection with a Permitted Receivables Financing, nor (iii) the grant of a
Lien on assets of Navistar International or any Subsidiary thereof in connection with the Facility or the Term Loan Facility, nor (iv) the sale, conveyance, transfer or lease otherwise permitted hereunder shall be deemed to be a Change of
Control; 
 (f) Navistar International ceases to own and control, directly or indirectly, at least 85% of the Voting Interests of
Borrower; or 
 (g) A “change of control”, “change in control” or similar term as defined in any of the
Navistar International Indentures, the Term Loan Facility or any other document, instrument or agreement evidencing or governing Debt for Borrowed Money of Borrower in a principal amount in excess of $50,000,000. 

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Loans, Swingline Loans or Protective Advances. 
 “Closing Date” means August 17, 2012,
which is the date on which the conditions specified in Section 4.01 are satisfied (or are waived in accordance with Section 9.02). 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 “Collateral” means all property subject to, or purported to be subject to, a Lien pursuant to the Security Agreement. 

“Collateral Access Agreement” has the meaning assigned to such term in the Security Agreement. 

“Collateral Cooperation Agreement” means an agreement by and between the Term Loan Collateral Agent and the
Administrative Agent in form and substance reasonably acceptable to the Administrative Agent and Borrower and which provides for, among other things, (i) access rights in favor of the Administrative Agent and Borrower for the benefit of the
Lenders upon the occurrence and during the continuance of an Event of Default to all locations where Collateral is located, and (ii) the non-exclusive, royalty free right of the Administrative Agent and Lenders to use the Intellectual Property
of Borrower upon the occurrence and during the continuance of an Event of Default, to the extent necessary to realize upon the Collateral. 
 “Collateral Documents” means, collectively, the Security Agreement, any Collateral Access Agreement, any account control agreement and any other documents granting and/or perfecting a
Lien upon the Collateral as security for payment of the Secured Obligations. 
 “Collection Account” has the
meaning assigned to such term in Section 5.11. 

  
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 “Commitment” means, with respect to each Lender, (a) the
commitment of such Lender to make Revolving Loans, acquire participations in Letters of Credit, make Protective Advances and make Swingline Loans hereunder, expressed as an amount representing the maximum possible aggregate amount of such
Lender’s Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09, and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to
Section 9.04. The initial amount of each Lender’s Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as applicable. The
initial aggregate amount of the Lenders’ Commitments is $175,000,000. 
 “Commitment Fee Rate” means a
rate equal to 0.50% per annum. 
 “Commitment Schedule” means the Schedule attached hereto and
identified as such. 
 “Consolidated” refers to the consolidation of accounts in accordance with GAAP.

 “Consolidated Net Tangible Assets” as of any date of determination means the total amount of assets of
Navistar International and its Subsidiaries after deducting therefrom (a) all current liabilities (excluding any current liabilities that by their terms are extendable or renewable at the option of the obligor thereon to a time more than twelve
months after the time as of which the amount thereof is being computed); (b) total prepaid expenses and deferred charges; and (c) all goodwill, trade names, trademarks, patents, licenses, copyrights and other intangible assets, all as set
forth, or on a pro forma basis would be set forth, on the consolidated balance sheet of Navistar International and its Subsidiaries for Navistar International’s most recently completed fiscal quarter, prepared in accordance with GAAP.

 “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management or policies of a Person, whether through the ability to exercise voting power or by contract. “Controlling” and “Controlled” have meanings correlative thereto. 

“Cost” means the cost of purchases of Parts Inventory determined according to the accounting policies used in the
preparation of Borrower’s financial statements (pursuant to which the average cost method of accounting is utilized for substantially all merchandise Inventories). 
 “Credit Extensions” means each of (a) a Borrowing and (b) an LC Credit Extension. 
 “Debt” of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all Obligations of such Person for the accrued purchase price of
property or services (other than obligations under trade payables, deferred expenses, deferred compensation and similar obligations arising in the ordinary course of business), (c) all Obligations of such Person evidenced by notes, bonds,
debentures or other similar instruments, (d) all Obligations of such Person created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies
of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all Capital Lease Obligations of such Person, (f) all Obligations of such Person under acceptance, letter of
credit or similar facilities, (g) all Obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Equity Interests in such Person or any other Person, to the extent either (i) such
Obligations would represent a claim against such Person in a proceeding under any Bankruptcy Law or (ii) in the case of Redeemable Preferred Interests, such interests are redeemable by their terms or at the option of the holder prior to one
year after the Maturity Date, (h) all Obligations of such Person in respect of Hedge Agreements, valued at the Agreement Value thereof, (i) all Guaranteed Debt and Synthetic Debt of such Person and (j) all indebtedness and other
payment Obligations referred to in clauses (a) through (i) above of another Person secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien on property
(including, without limitation, accounts and contract 

  
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 AMENDED AND RESTATED ABL
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 rights) owned by such Person, even though such Person has not assumed or become liable for the payment
of such indebtedness or other payment Obligations; provided that if the obligations so secured have not been assumed by such Person or are otherwise not such Person’s legal liability, the amount of such Debt for the purposes of this
definition shall be limited to the lesser of the amount of such Debt secured by such Lien or the fair market value of the assets or property securing such Lien. Debt shall not include customary contractual indemnities or warranties. 

“Debt for Borrowed Money” of any Person means, at any date of determination, the sum of (a) all items that, in
accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person at such date, (b) all Obligations of such Person under acceptance, letter of credit or similar facilities at such date and (c) all
Synthetic Debt of such Person at such date. 
 “Default” means any Event of Default or any event or condition
that, with the lapse of time or giving of notice, would, unless cured or waived, constitute an Event of Default. 

“Defaulting Lender” means any Lender that, as determined by the Administrative Agent, (a) has failed to perform any
funding obligations hereunder, and such failure is not cured within three Business Days; (b) has notified the Administrative Agent or Borrower that such Lender does not intend to comply with its funding obligations hereunder or has made a
public statement to the effect that it does not intend to comply with its funding obligations hereunder or under any other credit facility; (c) has failed, within three Business Days following request by the Administrative Agent, to confirm in
a manner satisfactory to the Administrative Agent that such Lender will comply with its funding obligations hereunder; or (d) has, or has a direct or indirect parent company that has, become the subject of an Insolvency Proceeding or taken any
action in furtherance thereof; provided, however, that a Lender shall not be a Defaulting Lender solely by virtue of a Governmental Authority’s ownership of an equity interest in such Lender or parent company. 

“Designated Parts Location” has the meaning assigned to such term in the Security Agreement. 

“Discretionary Loans” has the meaning assigned to such term in Section 9.22(a). 

“Document” has the meaning set forth in Article 9 of the UCC. 

“Dollars” or “$” refers to lawful money of the United States of America. 

“Domestic Subsidiary” means, with respect to any Person, any Subsidiary of such Person organized in the United States,
any State thereof or the District of Columbia. 
 “Eligible Assignee” means (a) a Lender, (b) a
commercial bank, insurance company or company engaged in the business of making commercial loans or a commercial finance company, which Person, together with its Affiliates, has a combined capital and surplus in excess of $1,000,000,000
(provided, that for purposes of determining eligibility with respect to Section 9.04(b)(i)(A), such Person, together with its Affiliates, shall only be required to have a combined capital and surplus of at least $500,000,000 to
the extent that an Event of Default has occurred and is continuing at the time of such assignment, in accordance with the terms hereof), (c) any Affiliate of a Lender under common control with such Lender, or (d) an Approved Fund of a
Lender; provided that in any event, “Eligible Assignee” shall not include (i) any natural person, (ii) any Defaulting Lender, or (iii) Navistar International or Borrower or any Affiliate of any thereof. 

  
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 AMENDED AND RESTATED ABL
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 “Eligible Parts Inventory” means, at any time, all Parts Inventory of
Borrower; provided, however, that Eligible Parts Inventory shall not include any Parts Inventory: 
 (a) which is not
subject to a first priority (subject to Permitted Liens arising by operation of law, as described in clauses (a) and (b) of the definition of “Permitted Liens” or similar Liens arising by operation of law which are
permitted under Section 6.02(g)) perfected Lien in favor of the Administrative Agent; 
 (b) which is subject to any
Lien other than (i) a Lien in favor of the Administrative Agent, (ii) a Permitted Lien arising by operation of law, as described in clauses (a) and (b) of the definition of “Permitted Liens” or similar
Liens arising by operation of law which are permitted under Section 6.02(g), (iii) a Landlord Lien as to which either (x) a subordination agreement reasonably satisfactory to the Administrative Agent has been obtained or
(y) a Landlord Lien Reserve applies or (iv) a mechanics Lien as to which an appropriate Reserve has been established by the Administrative Agent in its Permitted Discretion; 

(c) which (i) is Slow Moving, (ii) is obsolete, unmerchantable, defective, or unfit for sale as determined in the ordinary
course of business of Borrower consistent with past practice or (iii) constitutes 15L or 13L heavy duty engines that have not been certified by the EPA as complying with the applicable NOx emissions standards; 

(d) except as otherwise agreed by the Administrative Agent, which does not conform in all material respects to the representations and
warranties contained in this Agreement or the Security Agreement; 
 (e) which is not owned only by Borrower; 

(f) which constitutes packaging and shipping material, supplies, samples, prototypes, displays or display items, bill-and-hold goods,
goods that are returned or marked for return (but not held for resale and not otherwise constituting Eligible Parts Inventory) or repossessed, or which constitutes goods held on consignment or goods which are not of a type held for sale in the
ordinary course of business; 
 (g) which is not located in the U.S. or is in transit; 

(h) which is located at any location leased by Borrower, unless (i) such location is a Designated Parts Location and (ii) either
(x) the lessor has delivered to the Administrative Agent a Collateral Access Agreement as to such location or (y) up to a three month Reserve for rent, charges and other amounts due or to become due with respect to such location has been
established by the Administrative Agent in its Permitted Discretion; 
 (i) which is (a) located in either a third party
warehouse or (b) is in the possession of a bailee at a Designated Location (other than a third party processor), unless, in the case of subclauses (a) and (b) above, (x) such Parts Inventory is located at a Designated Parts
Location and (y) such warehouseman or bailee has delivered to the Administrative Agent a Collateral Access Agreement and such other documentation as the Administrative Agent may reasonably require; 

(j) which is being processed offsite at a third party location other than at a Designated Parts Location by a third party processor or is
in transit to or from said third party location or third party processor unless an appropriate Reserve (not to exceed the total amount payable to such processor based on monthly sales) has been established by the Administrative Agent in its
Permitted Discretion; 

  
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 AMENDED AND RESTATED ABL
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	 	(k)	Reserved; 

 (l) which is the
subject of a consignment sale on behalf of Borrower; 
 (m) which contains or bears any Intellectual Property rights licensed to
Borrower by any Person unless the Administrative Agent may sell or otherwise dispose of such Parts Inventory without (i) infringing the rights of such licensor, (ii) violating any contract with such licensor, or (iii) incurring any
liability with respect to payment of royalties other than royalties incurred pursuant to sale of such Parts Inventory under the current licensing agreement relating thereto; 
 (n) which is not reflected in a current perpetual inventory report of Borrower; 

(o) subject to Section 6.06(e)(vi), which is acquired in connection with an acquisition permitted pursuant to
Section 6.06, to the extent the Administrative Agent shall not have received a Report in respect of such Parts Inventory, which Report shows results reasonably satisfactory to the Administrative Agent; 

(p) which is located on real property subject to a mortgage granted by Borrower in favor of any other Person unless such Person has
entered into the Collateral Cooperation Agreement (if such Person is the Term Loan Collateral Agent) or a Collateral Access Agreement (reasonably satisfactory to the Administrative Agent) or the Administrative Agent has established in its Permitted
Discretion such Reserves as it deems appropriate; or 
 (q) which falls into a category of ineligibility as may be established by
the Administrative Agent in its Permitted Discretion; provided that the Administrative Agent shall have provided Borrower at least five Business Days’ prior written notice of any such establishment. 

Notwithstanding anything to the contrary herein, the gross amount of Parts Inventory to be included in the Borrowing Base before applying the advance
rate shall be reduced on a dollar for dollar basis equal to the amount of any inter-company profit in Parts Inventory. 

“Environmental Action” means any action, suit, demand, demand letter, claim, written notice of non compliance or
violation, written notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law, any Environmental Permit or Hazardous Material or arising from alleged injury
or threat to health, safety or the environment, including, without limitation, (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial or other actions or damages, and (b) by any governmental
or regulatory authority or third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief. 
 “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices, promulgated or entered into by any Governmental Authority,
relating to the environment, preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous Material or to health and safety matters. 

“Environmental Permit” means any permit, approval, identification number, license or other authorization required under
any Environmental Law. 

  
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 AMENDED AND RESTATED ABL
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 “EPA” means the United States Environmental Protection Agency.

 “Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited
or unlimited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest; provided
that all convertible Debt shall be deemed Debt, and not Equity Interests, unless and until the applicable part of any such Debt is converted into common stock or other type of equity interest of Borrower. 

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

“ERISA Affiliate” means any Person that for purposes of Title IV of ERISA or Section 412 of the Code would be
deemed a single employer or otherwise aggregated with Borrower under Section 414 of the Code or Section 4001 of ERISA. 
 “ERISA Event” means (a)the occurrence of a reportable event, within the meaning of Section 4043 of ERISA, with respect to any Plan unless the 30-day notice requirement with respect
to such event has been waived by the PBGC; (b) the requirements of Section 4043(b) of ERISA apply with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (10),
(11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days; (c) the application for a minimum funding waiver with respect to a Plan or the failure to
satisfy any minimum funding standards under Section 412 of the Code or Section 302 of ERISA with respect to any Plan; (d) the provision by the administrator of any Plan of a notice of intent to terminate such Plan, pursuant to
Section 4041(a)(2) of ERISA (including any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (e) the cessation of operations at the facilities of Borrower or any ERISA Affiliate under the
circumstances described in Section 4062(e) of ERISA; (f) a complete or partial withdrawal by Borrower or any ERISA Affiliate from a Multiple Employer Plan or notification to Borrower or any ERISA Affiliate that a Multiemployer Plan is in
reorganization; (g) the conditions for imposition of a lien under Sections 303 or 4068 of ERISA or Section 430 of the Code shall have been met with respect to any Plan; (h) the engaging in a non-exempt prohibited transaction within
the meaning of Section 4975 of the Code or Section 406 of ERISA with respect to any Plan; or (i) the institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence of any event or
condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, such Plan. 
 “Event of Default” has the meaning assigned to such term in Section 7.01. 
 “Excess Availability” means, at any time, an amount equal to (a) the lesser of (i) the Available Commitments at such time and (ii) the Borrowing Base at such time (as
determined by reference to the most recent Borrowing Base Certificate required to be delivered to the Administrative Agent pursuant to Section 5.01(c), minus (b) the aggregate Exposures of all Lenders at such time, as
the same may be adjusted from time to time by the Administrative Agent to reflect the establishment or adjustment of Availability Reserves in accordance with Section 2.21 or the receipt of a new Inventory appraisal; provided that in the
case of any adjustment by the Administrative Agent due to the receipt of a new Inventory appraisal, the Administrative Agent shall have provided Borrower at least five Business Days’ prior written notice of any such adjustment. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC
promulgated thereunder. 

  
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 “Excluded Matters” means (a) any regulatory action by the EPA or
the CARB with respect to the NOx emissions standards for the 15L and 13L heavy-duty diesel engines of Navistar International and its Subsidiaries (including, without limitation, any such action resulting from the decision of the United States Court
of Appeals for the District of Columbia Circuit in Mack Trucks, Inc. and Volvo Group North America, LLC v. Environmental Protection Agency decided June 12, 2012) and events and conditions arising in connection therewith (the
“Regulatory Actions”) but only so long as, notwithstanding any such Regulatory Actions, Navistar International and its Subsidiaries shall (at all times on and after July 31, 2012 and, in the case of the 15L heavy-duty diesel
engines, prior to Navistar International and its Subsidiaries commencing to sell trucks in the United States containing 15L heavy-duty diesel engines purchased from Cummins Inc. that have been certified by the EPA as complying with the NOx emissions
standards for the 15L heavy-duty diesel engines and, in the case of the 13L heavy-duty diesel engines, prior to Navistar International and its Subsidiaries having developed a 13L heavy-duty ICT+ diesel engine and such engine having been certified by
the EPA as complying with the NOx emissions standards for the 13L heavy-duty diesel engines) be permitted to sell noncompliant 15L and 13L heavy-duty diesel engines (and trucks containing such engines) in the United States) and (b) any adverse
effect on the general affairs, assets, liabilities, financial position or results of operations of Navistar International and its Subsidiaries, taken as a whole, on account of or related to the Regulatory Actions. 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of
any payment to be made by or on account of any obligation of Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the United States of America, or by the jurisdiction under the laws of which such
recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed
by any other jurisdiction in which Borrower is located, (c) in the case of a Non-U.S. Lender (other than an assignee pursuant to a request by Borrower under Section 2.19(b)), any withholding tax that is imposed on amounts payable to
such Non-U.S. Lender at the time such Non-U.S. Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Non-U.S. Lender’s failure to comply with Section 2.17(e), (f) or
(g), except to the extent that such Non-U.S. Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from Borrower with respect to such withholding tax
pursuant to Section 2.17(a) and (d) any U.S. federal withholding taxes imposed pursuant to FATCA (or any amended or successor version of FATCA that is substantively comparable and not materially more onerous to comply with).

 “Existing Debt” means Debt of Borrower outstanding immediately before the occurrence of the Closing Date.

 “Existing Letters of Credit” means those Letters of Credit set forth on Schedule 2.06. 

“Existing Senior Credit Agreement” means that certain ABL Credit Agreement, dated as of October 18, 2011, among
Borrower, each Former Borrower the lenders party thereto, Bank of America, N.A., as administrative agent thereunder, and the other parties thereto (as amended, modified or supplemented prior to the date hereof). 

“Exposure” means, with respect to any Lender at any time, the sum of (a) the outstanding principal
amount of such Lender’s Revolving Loans; plus (b) its LC Exposure; plus (c) its Applicable Percentage of the aggregate principal amount of Swingline Loans outstanding at such time; plus
(d) its Applicable Percentage of the aggregate principal amount of Protective Advances outstanding at such time. 

“Facility” means the credit facility provided for by this Agreement. 

  
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 “Facility Obligations” means all unpaid principal of and accrued and
unpaid interest on the Loans, all LC Exposure, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other Obligations of Borrower to the Lenders or to any Lender, the Administrative Agent, any Issuing Bank or any Indemnified
Party arising under the Loan Documents. 
 “FATCA” means Sections 1471 through 1474 of the Code as of the date
of this Agreement, including any regulations promulgated thereunder or official interpretations thereof issued after the date of this Agreement. 
 “Federal Funds Effective Rate” means (a) the weighted average of interest rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal
funds brokers on the applicable Business Day (or on the preceding Business Day, if the applicable day is not a Business Day), as published by the Federal Reserve Bank of New York on the next Business Day; or (b) if no such rate is published on
the next Business Day, the average rate (rounded up, if necessary, to the nearest 1/100th of 1%) charged to Bank of America on the applicable day on such transactions, as determined by the Administrative Agent. 
 “Fee Letter” means that certain second amended and restated fee letter agreement, dated as of the date hereof, by and among Bank of America, MLPFS and Borrower. 

“Finance Subsidiary” means (a) NFC, (b) any Subsidiary of NFC and (c) any other Subsidiary of Navistar
International existing on the Closing Date or formed or acquired thereafter which engages principally in securitization transactions and in activities reasonably related to or in connection with the entering into of securitization transactions and,
in the case of each of clauses (a), (b) and (c) above: 
  

	 	(i)	no portion of the Debt or any other obligations (contingent or otherwise) of which 

 

	 	(1)	is guaranteed by Borrower, 

  

	 	(2)	is recourse to or obligates Borrower in any way other than pursuant to representations, warranties and covenants (including those related to servicing) entered into in
the ordinary course of business in connection with a Permitted Receivables Financing or a Master Intercompany Agreement, or 

  

	 	(3)	subjects any property or asset of Borrower, directly or indirectly, contingently or otherwise, to any Lien or to the satisfaction thereof, other than pursuant to
representations, warranties and covenants (including those related to servicing) entered into in the ordinary course of business in connection with a Permitted Receivables Financing or a Master Intercompany Agreement; and 

 

	 	(ii)	with which Borrower does not 

  

	 	(1)	provide any credit support or 

  

	 	(2)	 have any contract, agreement, arrangement or understanding other than on terms that are fair and reasonable and that are no less favorable to Borrower
than could be obtained from an unrelated Person (other than, in 

  
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the case of subclauses (1) and (2) of this clause (ii), representations, warranties and covenants (including those relating to servicing) entered into in the
ordinary course of business in connection with a Permitted Receivables Financing, a Master Intercompany Agreement and intercompany notes relating to the sale of receivables to such Finance Subsidiary); and 

 

	 	(iii)	with which Borrower has no obligation to maintain or preserve such Subsidiary’s financial condition or to cause such Subsidiary to achieve certain levels of
operating results. For purposes of the foregoing, Borrower shall not be deemed to be providing credit support to NFC or any Subsidiary of NFC that would otherwise qualify as a Finance Subsidiary as a result of the terms of the Support Agreement in
which Borrower agrees to provide credit support directly to NFC for the benefit of its lenders (but not any other provisions). 

 “Financial Officer” of any Person means the chief financial officer, treasurer, vice president of finance, controller or assistant treasurer of such Person. 

“Fiscal Year” means a fiscal year of Borrower ending on October 31 in any calendar year. 

“Former Borrowers” means, collectively, IC Bus, LLC, SST Truck Company LLC, IC Bus of Oklahoma, LLC, Navistar Diesel of
Alabama, LLC, Navistar RV, LLC (f/k/a/Monaco RV, LLC), Navistar Big Bore Diesels, LLC and Workhorse Custom Chassis, LLC. 

“Fronting Exposure” means a Defaulting Lender’s pro rata share of LC Obligations or Swingline Loans, except
to the extent allocated to other Lenders under Section 2.23. 
 “Funding Account” has the meaning
assigned to such term in Section 4.02(e). 
 “GAAP” means generally accepted accounting principles
in the United States of America in effect and applicable to that accounting period in respect of which reference to GAAP is being made, subject to the provisions of Section 1.04. 

“Governmental Authority” means any nation or government, any state, province, city, municipal entity or other political
subdivision thereof, and any governmental, executive, legislative, judicial, administrative or regulatory agency, department, authority, instrumentality, commission, board, bureau or similar body, whether federal, state, provincial, territorial,
local or foreign. 
 “Governmental Authorization” means any authorization, approval, consent, franchise,
license, covenant, order, ruling, permit, certification, exemption, notice, declaration or similar right, undertaking or other action of, to or by, or any filing, qualification or registration with, any Governmental Authority. 

“Guaranteed Debt” means, with respect to any Person, any Obligation or arrangement of such Person to guarantee or
intended to guarantee any Debt (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation but without duplication, (a) the
direct or indirect guarantee (other than customary contractual indemnities or warranties), endorsement (other than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such
Person of the Obligation of a primary obligor, (b) the Obligation to make take-or-pay or similar payments, if required, regardless of nonperformance by any other party or parties to an agreement or (c) any Obligation of such Person,

  
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whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (A) for
the purchase or payment of any such primary obligation or (B) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property,
assets, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the
holder of such primary obligation against loss in respect thereof. The amount of any Guaranteed Debt shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guaranteed Debt is
made (or, if less, the maximum amount of such primary obligation for which such Person may be liable pursuant to the terms of the instrument evidencing such Guaranteed Debt) or, if not stated or determinable, the maximum reasonably anticipated
liability in respect thereof (assuming such Person is required to perform thereunder), as determined by such Person in good faith. 
 “Hazardous Materials” means (a) petroleum or petroleum products, by-products or breakdown products, radioactive materials, asbestos-containing materials, polychlorinated biphenyls
and radon gas and (b) any other chemicals, materials or substances designated, classified or regulated as hazardous or toxic or as a pollutant or contaminant or words of similar meaning and regulatory effect under any Environmental Law.

 “Hedge Agreements” means interest rate swap, cap or collar agreements, interest rate future or option
contracts, currency swap agreements, currency forward, future or option contracts, commodity price/index swap, futures or option contracts, credit default swap or option agreements and other hedging agreements. 

“Indemnified Costs” has the meaning assigned to such term in Section 8.02. 

“Indemnified Party” has the meaning assigned to such term in Section 9.03(b). 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Information” has the meaning set forth in Section 3.09. 

“Initial Closing Date” means “Closing Date” as defined in the Existing Senior Credit Agreement. 

“Insolvency Proceeding” means any case or proceeding or proposal commenced by or against a Person under any Bankruptcy
Law for, or any agreement of such Person to, (a) the entry of an order for relief or otherwise seeking relief under any Bankruptcy Law; (b) the appointment of a receiver, interim receiver, monitor, sequestrator, trustee, liquidator,
administrator, conservator or other custodian for such Person or any part of its Property; or (c) a general assignment for the benefit of creditors. 
 “Insufficiency” means, with respect to any Plan, the amount, if any, of its unfunded benefit liabilities, as defined in Section 4001(a)(18) of ERISA. 

“Interest Election Request” means a request by Borrower to convert or continue a Borrowing in accordance with
Section 2.08. 
 “Interest Payment Date” means (a) with respect to any Base Rate Loan
(including any Swingline Loan), the first Business Day of each February, May, August and November (commencing November 1, 2012) and the Maturity Date and (b) with respect to any LIBOR Loan, the last day of the

  
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Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a LIBOR Borrowing with an Interest Period of more than 90 days’ duration, each day that would
have been an Interest Payment Date had successive Interest Periods of 90 days’ duration been applicable to such Borrowing. 

“Interest Period” means with respect to any LIBOR Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is 30, 60, 90 or 180 days (or, to the extent available to each Lender, 270 or 360 days, or such other period as may be agreed to by all the Lenders) thereafter, as Borrower may
elect; provided that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next
calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such
Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Inventory” has the meaning assigned to such term in the Security Agreement. 

“Inventory Component” means the lesser of (a) 65% of Eligible Parts Inventory, valued at the lower of Cost and
market value, and (b) 85% of the Net Orderly Liquidation Value of Eligible Parts Inventory. 
 “Inventory
Reserve” means (without duplication of any other reserve or items that are otherwise addressed or excluded through eligibility criteria as more expressly provided in the last sentence of Section 2.21) (a) such reserves as
may be established from time to time by the Administrative Agent, in its Permitted Discretion, with respect to changes in the determination of the saleability, at retail, of the Eligible Parts Inventory or which reflect such other factors as
negatively affect the market value of the Eligible Parts Inventory; (b) Shrink Reserve; (c) such Reserves as may be established from time to time by the Administrative Agent, in its Permitted Discretion, with respect to export parts
inventory, based on Borrower’s monthly sales of export parts; (d) without duplication of any reserve specified in clauses (a) through (c) above, such other reserves of the type reflected in the Borrowing Base
Certificate delivered on the Closing Date or otherwise reflected on the form of Borrowing Base Certificate attached as Exhibit C; (e) Reserves in respect of Liens which rank or are capable of ranking prior to or pari passu with
the Liens of the Administrative Agent (but the imposition of any such Reserve shall not waive an Event of Default arising therefrom); and/or (f) such Reserves as shall have been established from time to time by the Administrative Agent in
accordance with Section 2.21. 
 “Investment” in any Person means any loan or advance to such
Person, any purchase or other acquisition of any Equity Interests or Debt or the assets comprising a division or business unit or all or substantially all of the business of such Person, any capital contribution to such Person or any other direct or
indirect investment in such Person, including, without limitation, any acquisition by way of a merger or consolidation (or similar transaction) and any arrangement pursuant to which the investor incurs Debt of the types referred to in clause
(i) or (j) of the definition of “Debt” in respect of such Person; provided, however, that for purposes of calculation, the amount of any Investment outstanding at any time shall be the aggregate
cash Investment less all cash returns, cash dividends and cash distributions (or the fair market value of any non-cash returns, dividends and distributions) received by such Person and less all liabilities expressly assumed by another Person in
connection with the sale of such Investment to the extent such Person is effectively released from such liability. 

  
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 “Investment Series” has the meaning assigned to such term in
Section 6.06(r). 
 “Integrated Global Structuring Transaction” means (i) the issuance of
Equity Interests by Navistar Canada, Inc. (“NCI”) to Borrower to settle certain accrued obligations under an existing term debenture between Borrower and NCI and the contribution of the such debenture by Borrower to a Subsidiary of
Borrower (“NSULC”) in exchange for Equity Interests of NSULC, (ii) the contribution by Borrower of the Capital Stock of NSULC to NCI in exchange for Equity Interests of NCI, (iii) the contribution by Navistar International
of Equity Interests of Navistar Aftermarket Products, Inc. (“NAM”) to the Borrower in exchange for Equity Interests of Borrower and (iv) through a series of intercompany contributions and transfers, the contribution of the
Equity Interests of NCI and a Bermuda limited partnership to the partnership capital of NC2 Global LLC, in each case in connection with a proposed restructuring by Navistar International and its Subsidiaries. 

“Issuing Bank” means each of Bank of America, each issuer of the Existing Letters of Credit (solely with respect to the
Existing Letters of Credit and any extensions or renewals thereof to the extent permitted by Section 2.06(k)), and any other Lender which at the request of Borrower and with the consent of the Administrative Agent (not to be unreasonably
withheld, delayed or conditioned) agrees to become an Issuing Bank. Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank”
shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 
 “Joint Book
Managers” has the meaning assigned to such term in the preamble to this Agreement. 
 “Joint Lead
Arrangers” has the meaning assigned to such terms in the preamble to this Agreement. 
 “Landlord
Lien” means any Lien of a landlord on Borrower’s property, granted by statute. 
 “Landlord Lien
Reserve” means an amount equal to (a) the aggregate of (i) all past due rent and other past due amounts owing by Borrower to any landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other
Person who possesses any Collateral or could assert a Lien on any Collateral and (ii) up to three months’ rent for all of Borrower’s leased locations where Eligible Parts Inventory is located in each Landlord Lien State, other than
leased locations with respect to which the Administrative Agent shall have received a landlord’s waiver or subordination of Lien in form reasonably satisfactory to the Administrative Agent or (b) zero, to the extent the Administrative
Agent shall have otherwise waived the landlord waiver or subordination or Reserve; provided that the Landlord Lien Reserve shall not exceed the total value of the Eligible Parts Inventory at such location included in the Borrowing Base.

 “Landlord Lien State” means (a) each of Washington, Virginia and Pennsylvania and (b) such other
state(s) in which a landlord’s claim for rent has priority by operation of law over the Lien of the Administrative Agent in any of the Collateral consisting of Eligible Parts Inventory. 

“LC Collateral Account” has the meaning assigned to such term in Section 2.06(j). 

“LC Credit Extension” means, with respect to any Letter of Credit, the issuance thereof (in the face amount thereof) or
any increase in the face amount thereof. 
 “LC Disbursement” means a payment made by an Issuing Bank pursuant
to a drawing on a Letter of Credit. 

  
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 “LC Exposure” means, at any time of determination, the
sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time, plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed or converted to Loans by
Borrower at such time, minus (c) the amount then on deposit in the LC Collateral Account. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time. 

“LC Obligations” means the sum (without duplication) of (a) all amounts owing by Borrower for any
drawings under Letters of Credit, plus (b) the stated amount of all outstanding Letters of Credit. 

“Lenders” means the Persons listed on the Commitment Schedule and any other Person that shall have become a party
hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender.

 “Letter of Credit” means any standby or commercial letter of credit issued pursuant to this Agreement.

 “Letter of Credit Request” has the meaning assigned to such term in Section 2.06(b). 

“LIBOR” means, for any Interest Period with respect to a LIBOR Loan, the per annum rate of
interest (rounded up, if necessary, to the nearest 1/100th
of 1%), determined by the Administrative Agent at approximately 11:00 a.m. (London time) two Business Days prior to commencement of such Interest Period, for a term comparable to such Interest Period, equal to (a) the British Bankers
Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source designated by the Administrative Agent); or (b) if BBA LIBOR is not available for any reason, the interest rate at which
Dollar deposits in the approximate amount of the LIBOR Loan would be offered by Bank of America’s London branch to major banks in the London interbank Eurodollar market. If the Board imposes a Reserve Percentage with respect to LIBOR deposits,
then LIBOR shall be the foregoing rate, divided by 1 minus the Reserve Percentage. 
 “LIBOR
Loan” means a Loan that bears interest based on LIBOR. 
 “Lien” means any lien, security interest,
encumbrance or other charge of any kind, or any other type of preferential arrangement, including, without limitation, the lien or retained security title of a conditional vendor and any easement, right of way or other encumbrance on title to real
property. 
 “Line Reserves” means the sum (without duplication) of (a) the Landlord Lien
Reserve, plus (b) such additional Reserves established from time to time by the Administrative Agent in its Permitted Discretion in such amount as the Administrative Agent determines reflects the amount the Administrative Agent
would have to pay in order to preserve, protect or gain access to the Collateral, minus (c) the lesser of (i) Suppressed Availability and (ii) $3,750,000. 

“Liquidation” means the exercise by the Administrative Agent of those rights and remedies accorded to the Administrative
Agent under the Loan Documents and applicable law as a creditor of Borrower with respect to the realization on the Collateral during the continuation of an Event of Default, or the conduct by Borrower acting with the consent of the Administrative
Agent, of any public, private or going out of business sale or other disposition of the Collateral for the purpose of liquidating the Collateral. Derivations of the word “Liquidation” (such as “Liquidate”) are used
with like meaning in this Agreement. 

  
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 “Liquidity Block Amount” means at any time an amount equal to the
greater of (a) $30,000,000 and (b) 20% of the Commitments in effect at such time. 
 “Loan Documents”
means this Agreement, any promissory notes issued pursuant to the Agreement, any Letters of Credit or Letter of Credit applications, the Fee Letter, the Collateral Cooperation Agreement and the Collateral Documents. Any reference in this Agreement
or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments, restatements, supplements or other modifications thereto. 

“Loans” means the loans and advances made by the Lenders pursuant to this Agreement, including Revolving Loans,
Swingline Loans and Protective Advances. 
 “Margin Stock” has the meaning assigned to such term in
Regulation U. 
 “Master Intercompany Agreements” means (a) the NFC MIA; (b) the agreement,
dated as of December 18, 1986, among Navistar Canada, Inc. (formerly, Navistar International Corporation Canada), Navistar Financial Corporation Canada Inc. and General Electric Canadian Holdings Limited; (c) the Operating Agreement, dated
March 5, 2010, among General Electric Capital Corporation, GE Capital Commercial, Inc., Navistar International Corporation, Navistar, Inc. and Navistar Financial Corporation, (d) one or more agreements serving some or all of the same
purposes of the agreements listed in clauses (a) through (c) above among Borrower or one of its Restricted Subsidiaries and one or more other Persons (including one or more Unrestricted Subsidiaries) in the ordinary course of
business on terms no less favorable to Borrower and its Restricted Subsidiaries than the agreements in clauses (a), (b) and (c); and (e) any amendment, modification, supplement or restatement from time to time of the
agreements in clauses (a) through (d); provided, that none of the aforementioned agreements shall be amended, modified, supplemented or restated in a manner that, when taken as a whole, is adverse in any material respect to
the interests of Navistar International and its Restricted Subsidiaries, taken as a whole, or in a manner materially adverse to Borrower. 
 “Material Adverse Change” means any material adverse change in the business, financial condition, operations, performance or properties of Borrower other than, for the purposes of
Section 3.07, in respect of Excluded Matters (provided that any such material adverse change resulting from developments occurring after the Closing Date in connection with Excluded Matters shall constitute a Material Adverse Change).

 “Material Adverse Effect” means (a) a material adverse effect on (i) the business, financial
condition, operations, performance or properties of Borrower, other than, for the purposes of Section 3.06(a), in respect of the Excluded Matters (provided that the effects of any adverse developments after the Closing Date in connection with
Excluded Matters shall not be excluded in determining whether such material adverse effect has occurred), (ii) the rights and remedies of the Administrative Agent and the Lenders under the Loan Documents, or (iii) the ability of Borrower
to perform its Facility Obligations under the Loan Documents, or (b) a material impairment of the rights or remedies, taken as a whole, available to the Administrative Agent and the Lenders under the Loan Documents. 

“Maturity Date” means the earlier of the Scheduled Maturity Date or any earlier date on which the Commitments are
otherwise terminated pursuant to the terms hereof. 
 “Maximum Rate” has the meaning assigned to such term in
Section 9.17. 
 “MLPFS” has the meaning assigned to such term in the preamble to this Agreement.

  
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 “Moody’s” means Moody’s Investors Service, Inc. and any
successor to its rating agency business. 
 “Multiemployer Plan” means a multiemployer plan, as defined in
Section 4001(a)(3) of ERISA, to which Borrower or any ERISA Affiliate is making, or has an obligation to make, contributions, or within any of the preceding five plan years has made, or has had an obligation to make, contributions. 

“Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of Borrower or any ERISA Affiliate and at least one Person other than Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which Borrower or any ERISA Affiliate could have liability under
Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Navistar
International” means Navistar International Corporation, a Delaware corporation. 
 “Navistar International
Indentures” means collectively, the 2009 Senior Note Indenture and the 2009 Senior Subordinated Convertible Note Indenture. 
 “Net Orderly Liquidation Value” means, with respect to Parts Inventory of any Person, an amount equal to the orderly liquidation value (net of all costs and expenses incurred in
connection with liquidation) of Eligible Parts Inventory as a percentage of the Cost of such Parts Inventory, which percentage shall be determined by reference to the most recent third-party appraisal of such Parts Inventory performed by an
appraiser and on terms satisfactory to the Administrative Agent received by the Administrative Agent and distributed to Borrower; provided that Borrower acknowledges that such appraisals are prepared by or for the Administrative Agent and the
Lenders for their purposes, and Borrower shall not be entitled to rely upon them unless otherwise expressly agreed in writing by the Administrative Agent. 
 “NFC” means Navistar Financial Corporation, a Delaware corporation. 
 “NFC MIA” means the Amended and Restated Master Intercompany Agreement, dated as of April 1, 2007, between NFC and Borrower, and its related manufacturing Subsidiaries and
affiliates, as amended, modified, supplemented or restated on or prior to the Closing Date and thereafter from time to time in a manner that is not adverse in any material respect to the interests of Borrower. 

“Non-Consenting Lender” has the meaning assigned to such term in Section 9.02(d). 

“Non-U.S. Lender” means a person that is not a “United States person” within the meaning of
Section 7701(a)(30) of the Code. 
 “Obligation” means, with respect to any Person, any payment,
performance or other obligation of such Person of any kind, including, without limitation, any liability of such Person on any claim, whether or not the right of any creditor to payment in respect of such claim is reduced to judgment, liquidated,
unliquidated, fixed, contingent, matured, disputed, undisputed, legal, equitable, secured or unsecured, and whether or not such claim is discharged, stayed or otherwise affected by any proceeding referred to in Section 7.01(h). Without
limiting the generality of the foregoing, the Obligations of Borrower under the Loan Documents include (a) the obligation to pay principal, interest, charges, expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts
payable by Borrower under any Loan Document, (b) the obligation of Borrower to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance on behalf of Borrower and (c) any
interest accruing after the commencement of a proceeding of the type referred to in Section 7.01(h) (or which would have accrued but for the commencement of such proceeding) whether or not allowed. 

  
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 “OFAC” has the meaning assigned to such term in
Section 3.21. 
 “Other Taxes” means any and all present or future stamp or documentary taxes or
any other excise or property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement. 

“Parts Inventory” has the meaning assigned to such term in the Security Agreement. 

“Participant” has the meaning assigned to such term in Section 9.04(c)(i). 

“Participant Register” has the meaning assigned to such term in Section 9.04(c)(iii). 

“Parts Receivables” has the meaning assigned to the term “Receivables” in the Security Agreement. 

“Payment Condition” means, with respect to the applicable specified activity on any date of determination,
(a) (i) for the purposes of determining whether any Restricted Payment is permitted under Section 6.07(b), no Event of Default has occurred and is continuing or (ii) for the purposes of determining whether any other type of
payment or specified activity is permitted hereunder, no Specified Default or Event of Default has occurred and is continuing and (b) Excess Availability on the date of such determination, before and after giving effect to such specified
activity, is no less than the greater of (i) 12.5% of the Commitments then in effect and (ii) $21,875,000; provided that if in connection with the specified activity for which the Payment Condition is being measured, Borrower has borrowed
or obtained a Letter of Credit under the Facility on or shortly before or after the date the specified activity is consummated, Borrower shall deliver a certificate to the Administrative Agent certifying as to clauses (a) and (b) above.

 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor
entity performing similar functions. 
 “Pension Plan” means a Single Employer Plan or a Multiple Employer
Plan. 
 “Perfection Certificate” means a certificate substantially in the form of Exhibit D to this
Agreement, or in any other form approved by the Administrative Agent (such approval not to be unreasonably withheld, delayed or conditioned). 
 “Permitted Discretion” means the Administrative Agent’s commercially reasonable judgment, exercised in good faith in accordance with customary business practices for comparable
asset-based lending transactions, as to any factor which the Administrative Agent reasonably determines: (a) will or reasonably could be expected to adversely affect in any material respect the value of any Collateral, the enforceability or
priority of the Administrative Agent’s Liens thereon, or the amount that the Administrative Agent, the Lenders or any Issuing Bank would be likely to receive (after giving consideration to delays in payment and costs of enforcement) in the
liquidation of such Collateral; or (b) suggests that any collateral report or financial information delivered to the Administrative Agent by Borrower is incomplete, inaccurate or misleading in any material respect. In exercising such judgment,
the Administrative Agent may consider, without duplication, such factors already included in or tested by the definitions of Eligible Parts Inventory, as well as any of the following: (i) changes after the Closing

  
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 AMENDED AND RESTATED ABL
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Date in any material respect in demand for, pricing of, or product mix of Parts Inventory; (ii) changes after the Closing Date in any material respect in any concentration of risk with
respect to Borrower’s Parts Inventory; and (iii) any other factors arising after the Closing Date that change in any material respect the credit risk of lending to Borrower on the security of the Parts Inventory. 

“Permitted Joint Venture” means any Person which is, directly or indirectly, through its Subsidiaries or otherwise,
engaged principally in any business in which Borrower (or any Former Borrower) is engaged, or a reasonably related, ancillary or complementary business, and the Equity Interests of which (a) is owned by Borrower or a Restricted Subsidiary
thereof and one or more Persons other than Borrower or any affiliate of Borrower or (b) is acquired by Borrower or a Restricted Subsidiary. 
 “Permitted Liens” means such of the following: (a) Liens for taxes, assessments and governmental charges or levies to the extent not yet due or being contested in accordance with
Section 5.04; (b) Liens imposed by law, such as materialmen’s, mechanics’, carriers’, warehousemen’s, workmen’s and repairmen’s Liens and other similar Liens arising in the ordinary course of business
securing obligations (i) that are not overdue for a period of more than 30 days or (ii) the validity or amount thereof is being contested in good faith by appropriate proceedings and Borrower has set aside on its books adequate
reserves with respect thereto in accordance with GAAP; (c) pledges or deposits in the ordinary course of business to secure obligations under workers’ compensation laws or similar legislation or to secure public or statutory obligations;
(d) deposits to secure the performance of bids, trade contracts and leases (other than Debt for Borrowed Money), statutory obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations
of a like nature incurred in the ordinary course of business; (e) Liens securing judgments (or the payment of money not constituting an Event of Default under Sections 7.01(i) or 7.01(j)) or securing appeal or other surety
bonds related to such judgments; (f) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of nondelinquent customs duties in connection with the importation of goods in the ordinary course of business;
(g) Liens encumbering deposits made in the ordinary course of business to secure nondelinquent obligations arising from statutory, regulatory, contractual or warranty requirements of Borrower for which a reserve or other appropriate provision,
if any, as may be required by GAAP has been made; (h) Liens arising out of consignment or similar arrangements for the sale of goods entered into by Borrower in the ordinary course of business and in accordance with industry practice;
(i) easements, rights of way, zoning ordinances and similar charges, title defects or other irregularities and other encumbrances on title to real property that do not materially adversely affect the use of such property for its present
purposes; (j) rights of setoff or bankers’ Liens upon deposits of cash or securities in favor of banks or other depositary institutions and Liens associated with overdraft protection and netting services; and (k) Liens on insurance
proceeds and deposits in connection with the financing of insurance premiums. 
 “Permitted Receivable
Financing” means any receivable financing facility or arrangement (a) entered into in the ordinary course of Navistar International’s business pursuant to which a Finance Subsidiary purchases or otherwise acquires accounts
receivable of Navistar International or any Restricted Subsidiary of Navistar International and enters into a third party financing thereof on terms that are market and customary to Navistar International and its Restricted Subsidiaries,
(b) entered into by Borrower or any Restricted Subsidiary at the request of a customer and pursuant to which Borrower or such Restricted Subsidiary, as applicable, agrees to sell to such commercial bank or its affiliate accounts receivable
owing by such customer at a discount (i.e., “supply chain financing”) or (c) entered into by Borrower or any Restricted Subsidiary for the purpose of factoring its accounts receivables for cash consideration, in an aggregate amount
for clauses (a), (b) and (c) not to exceed $25,000,000 at any time outstanding. 

  
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 “Person” means any natural person, corporation, limited liability
company, unlimited liability company, trust, joint venture, association, company, partnership, Governmental Authority or any other entity. 
 “Plan” means any employee benefit plan (as such term is defined in Section 3(3) of ERISA) established or maintained by Borrower or, with respect to any such plan that is subject to
Section 412 of the Code or Title IV of ERISA, an ERISA Affiliate. 
 “Plan of Liquidation” means, with
respect to any Person, a plan (including by operation of law) that provides for, contemplates or the effectuation of which is preceded or accompanied by (whether or not substantially contemporaneously) (a) the sale, lease, conveyance or other
disposition of all or substantially all of the assets of such Person; and (b) the distribution of all or substantially all of the proceeds of sale, lease, conveyance or other disposition and all or substantially all of the remaining assets of
such Person to holders or Equity Interests of such Person. 
 “Preferred Interests” means, with respect to any
Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon
liquidation. 
 “Prime Rate” means the rate of interest announced by Bank of America from time to time as its
prime rate. Such rate is set by Bank of America on the basis of various factors, including its costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at,
above or below such rate. Any change in such rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Protective Advance” has the meaning assigned to such term in Section 2.04(a). 

“Ratings Condition” means that (a) the corporate family rating of Navistar International is at least
“BBB-” from S&P and “Baa3” from Moody’s; provided, that to the extent the rating provided by S&P and Moody’s are not equivalent, then, subject to the following proviso, the higher rating shall be used for
purposes of this definition and this clause (a) shall be deemed satisfied by if such higher rating is at least “BBB-” from S&P and “Baa3” from Moody’s; provided, further that to the extent such
S&P and Moody’s ratings shall be separated by more than one level (it being acknowledged and agreed by way of example that “BBB+” and “BBB” are separated by one level), the lower such rating, adjusted up by one level
shall be used to determine the rating and this clause (a) shall be deemed satisfied if such lower rating, as adjusted, is at least “BBB-” from S&P and “Baa3” from Moody’s; provided, finally,
that if either S&P or Moody’s cease to exist, this clause (a) shall be deemed satisfied if the rating from the remaining rating agency is at least “BBB-” or “Baa3”, as applicable; and (b) no Specified
Default or Event of Default has occurred and is continuing. 
 “Receivables” means any receivables generated
from the sale of Collateral and required to be sold pursuant to, and in accordance with, the terms of any Master Intercompany Agreement. 
 “Receivables Facility” means the Second Amended and Restated Credit Agreement, dated as of December 2, 2011, among NFC, JPMorgan Bank and the other parties referred to therein, as
amended and restated or otherwise modified from time to time and the related guarantees by Borrower and Navistar International. 

“Receivables Trigger Event” means solely with respect to a Master Intercompany Agreement counterparty that purchases
Parts Receivables of Borrower (a) if any such counterparty 

  
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 AMENDED AND RESTATED ABL
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becomes subject to any proceeding of any type referred to in Section 7.01(h); (b) the failure of any such counterparty to pay in cash (after giving effect to netting
counterpayments made in the ordinary course of business consistent with the past practices of the counterparties) to Borrower the full purchase price of any Receivables sold to such counterparty thereunder within two Business Days of the deadline
for such payment pursuant to such Master Intercompany Agreement, provided that, with respect to payments to be made pursuant to the NFC MIA, if such two-day payment deadline occurs during a “Blackout Period” then the deadline for
payment under this clause (b) shall be the first Business Day following such Blackout Period; or (c) if any such counterparty gives notice of its intent to terminate such Master Intercompany Agreement and terminates such Master
Intercompany Agreement without a comparable replacement being in full force and effect. 
 “Recovery Zone
Bonds” means collectively, the Illinois Finance Authority Recovery Zone Facility Revenue Bonds (Navistar International Corporation Project) Series 2010 and The County of Cook, Illinois Recovery Zone Facility Revenue Bonds (Navistar
International Corporation Project) Series 2010, in the aggregate original principal amount of up to $225,000,000. 

“Recovery Zone Bonds Loan Agreements” means collectively, (a) the Loan Agreement, dated as of October 1, 2010,
between Navistar International and the Illinois Finance Authority and (b) the Loan Agreement, dated as of October 1, 2010, between Navistar International and the County of Cook, Illinois. 

“Redeemable” means, with respect to any Equity Interest, any such Equity Interest that (a) the issuer has
undertaken to redeem at a fixed or determinable date or dates, whether by operation of a sinking fund or otherwise, or upon the occurrence of a condition not solely within the control of the issuer or (b) is redeemable at the option of the
holder; provided that any such Equity Interests that would constitute Redeemable Equity Interests solely because the provisions thereof give holders thereof the right to require the issuer thereof to redeem such Equity Interests upon the
occurrence of a change in control or an asset sale shall not be Redeemable Equity Interests if such Equity Interests provide that the issuer thereof will not redeem any such Equity Interests pursuant to such provisions prior to the full payment of
all of the Facility Obligations. 
 “Refinancing Conditions” means each of the following conditions with
respect to the refinanced Debt: (a) it is in an aggregate principal amount that does not exceed the original principal amount of the Debt being extended, renewed, refinanced, restructured or replaced (except by the amount of any accrued
interest, closing costs, expenses and fees, and premium paid in connection with such extension, renewal, refinancing or replacement); (b) it matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is
mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, other than in connection with a Change of Control or an asset sale, after November 18, 2017;
(c) it has a weighted average life no less than the remaining weighted average life of, the Debt being extended, renewed, refinanced or replaced; (d) it is subordinated to the Obligations at least to the same extent as the Debt being
extended, renewed, restructured, refinanced or replaced; (e) for all Debt other than Debt under the Term Loan Documents and other Debt permitted under Section 6.01(s), unless otherwise approved by the Administrative Agent,
(i) the representations, covenants and defaults applicable to it, taken as a whole, are not materially more burdensome to Borrower than those applicable to the Debt being extended, renewed, refinanced or replaced or (ii) in the case of any
Debt that refinances any Debt that matures within one year of such refinancing, the representations, covenants and defaults applicable to it, taken as a whole, reflect current market terms, in each case it being agreed that a certificate executed
and delivered by a Financial Officer to the Administrative Agent to such effect shall be conclusive and binding on the Administrative Agent and Lenders unless the Administrative Agent shall object in writing to such conclusion within five Business
Days; (f) unless approved by the Administrative Agent in writing, it does 

  
 26 

 
not restrict the payment, repayment or prepayment of the Facility Obligations by Borrower, (g) the collateral granted pursuant to it is the same or less than the collateral granted pursuant
to the Debt being extended, renewed, refinanced or replaced; and (h) upon giving effect to it, no Specified Default or Event of Default exists. 
 “Register” has the meaning assigned to such term in Section 9.04(b). 
 “Regulation T” means Regulation T of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof, and any successor provision
thereto. 
 “Regulation U” means Regulation U of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof, and any successor provision thereto. 

“Regulation X” means Regulation X of the Board as from time to time in effect and all official rulings and
interpretations thereunder or thereof, and any successor provision thereto. 
 “Related Funds” has the meaning
assigned to such term in Section 9.04(b). 
 “Related Parties” means, with respect to any specified
Person, such Person’s Affiliates and the respective directors, officers, trustees, employees, agents and advisors of such Person and such Person’s Affiliates. 
 “Report” means reports prepared by the Administrative Agent or another Person showing the results of appraisals, field examinations or audits pertaining to Borrower’s assets from
information furnished by or on behalf of Borrower, after the Administrative Agent has exercised its rights of inspection pursuant to this Agreement, which Reports may be distributed to the Lenders by the Administrative Agent, subject to the
provisions of Section 9.12. 
 “Required Lenders” means, at any time, Lenders having Exposure and
unused Commitments representing more than 50% of the sum of the total Exposure and unused Commitments at such time; provided that the Exposure and unused Commitments of any Defaulting Lender shall be disregarded in the determination of the
Required Lenders at any time. 
 “Requirement of Law” means, as to any Person, any law, treaty, rule or
regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Reserve Percentage” means the reserve percentage (expressed as a decimal, rounded up to the nearest
1/100th of 1%) applicable to member banks under
regulations issued by the Board for determining the maximum reserve requirement for Eurocurrency liabilities. 

“Reserves” means all (if any) Line Reserves and Availability Reserves. 

“Responsible Officer” of any Person means the chief executive officer, president, chief financial officer, treasurer,
assistant treasurer, senior vice president, vice president, controller or chief accounting officer of Borrower. 

“Restricted Payment” has the meaning assigned to such term in Section 6.07(b). 

“Restricted Subsidiary” has the meaning assigned to such term in the 2009 Senior Note Indenture. 

  
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 “Revolving Loan” means a Loan made pursuant to
Section 2.01. 
 “S&P” means Standard & Poor’s Ratings Service, a division of the
McGraw-Hill Companies, Inc., and any successor to its rating agency business. 
 “Sale/Lease-back Transaction”
means an arrangement relating to property now owned or hereafter acquired whereby Borrower transfers such property to a Person and Borrower thereafter leases it from such Person. 

“Scheduled Maturity Date” means July 16, 2014; provided, that if, on or before such date, (i) the
maturity date of the Term Loan Facility is extended or (ii) the Term Loan Facility is refinanced, renewed or replaced so long as the maturity date of the Term Loan Facility or such refinancing, replacement or renewal Debt (if applicable) is on
or after August 17, 2017, then the Scheduled Maturity Date shall be May 18, 2017. 
 “SEC” means the
Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of its functions. 
 “Secured
Banking Services Provider”: means (a) Bank of America or any of its Affiliates; and (b) any other Lender or Affiliate of a Lender that is providing Banking Services; provided such provider delivers written notice to the
Administrative Agent and Borrower, in form and substance reasonably satisfactory to the Administrative Agent, by the later of the Closing Date or 10 days following creation of Banking Services, (i) describing the Banking Services and setting
forth the maximum amount to be secured by the Collateral and the methodology to be used in calculating such amount, and (ii) agreeing to be bound by Section 8.03. 

“Secured Obligations” means all Facility Obligations, together with, to the extent permitted by the 2009 Senior Note
Indenture, Banking Services Obligations in an aggregate amount of up to $25,000,000. 
 “Secured Parties” has
the meaning assigned to such term in the Security Agreement. 
 “Securities Act” means the Securities Act of
1933, as amended, and the rules and regulations of the SEC promulgated thereunder. 
 “Security Agreement”
means the Amended and Restated Security Agreement of even date herewith, substantially in the form of Exhibit H between Borrower and the Administrative Agent, for the benefit of the Administrative Agent and the Secured Parties.

 “Senior Notes” means the 8.25% Senior Notes due 2021 issued by Navistar International pursuant to the 2009
Senior Note Indenture. 
 “Senior Subordinated Convertible Notes” means the 3.00% Senior Subordinated
Convertible Notes due 2014 issued by Navistar International pursuant to the 2009 Senior Subordinated Convertible Note Indenture. 
 “Settlement Report” means a report summarizing Loans outstanding and LC Exposure as of a given settlement date, allocated to Lenders on a pro rata basis in accordance with their
Commitments. 
 “Shrink” means Parts Inventory identified by Borrower as lost, misplaced, or stolen.

  
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 “Shrink Reserve” means an amount reasonably estimated by the
Administrative Agent to be equal to that amount which is required in order that the Shrink reflected in current stock ledger of Borrower would be reasonably equivalent to the Shrink calculated as part of Borrower’s most recent physical
inventory (it being understood and agreed that no Shrink Reserve established by the Administrative Agent shall be duplicative of any Shrink as so reflected in the current stock ledgers of Borrower or estimated by Borrower for purposes of computing
the Borrowing Base other than at month’s end). 
 “Shy Settlement” shall mean that certain Amended and
Restated Settlement Agreement dated June 30, 1993, in reference to the class action of Shy et al. v. Navistar, Civil Action No. C-3-92-333 (S.D. Ohio). 
 “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of Borrower or any ERISA Affiliate and for
no Person other than Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which Borrower or any ERISA Affiliate could have liability under Section 4069 of ERISA in the event such plan has been or were to be
terminated. 
 “Slow Moving” means Parts Inventory held in excess of three years of usage. 

“Specified Default” means the failure of Borrower to comply with the terms of Sections 5.01(c) or 5.11,
the failure of Borrower to deliver financial statements when required pursuant to Sections 5.01(a) or (b), or the occurrence of any Default specified in Sections 7.01(a) or 7.01(h). 

“Stated Amount” means, at any time, the maximum amount for which a Letter of Credit may be honored. 

“Subject Agreements” has the meaning assigned to such term in Section 9.22(b). 

“Subordinated Debt” means any Debt of Borrower that is subordinated to the Obligations of Borrower under the Loan
Documents on and that otherwise contains, terms and conditions, including as to subordination, reasonably satisfactory to the Administrative Agent. 
 “Subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such
date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Super Majority Lenders” means, at any time, Lenders having Exposure and unused Commitments
representing more than 66-2/3% of the sum of the total Exposure and unused Commitments at such time;
provided that the Exposure and unused Commitments of any Defaulting Lender shall be disregarded in the determination of the Super Majority Lenders at any time. 
 “Support Agreement” means the Third Amended and Restated Parents’ Side Agreement dated as of December 2, 2011, between Navistar International and Borrower, as it may be amended,
modified, supplemented or restricted from time to time; provided that such agreement shall not be amended, supplemented, amended and restated or otherwise modified after the Closing Date in a manner adverse in any material respect to the
interests of Borrower. 

  
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 “Suppressed Availability” means the amount (not less than zero) by
which the then-applicable Borrowing Base exceeds the then-effective Commitments. 
 “Swingline Lender” means
Bank of America, in its capacity as lender of Swingline Loans hereunder. 
 “Swingline Loan” has the meaning
assigned to such term in Section 2.05(a). 
 “Syndication Agents” has the meaning assigned to such
term in the preamble to this Agreement. 
 “Synthetic Debt” means, with respect to any Person, without
duplication of any clause within the definition of “Debt,” all (a) Obligations of such Person under any lease that is treated as an operating lease for financial accounting purposes and a financing lease for tax purposes (i.e., a
“synthetic lease”), (b) Obligations of such Person in respect of transactions entered into by such Person, the proceeds from which would be reflected on the financial statements of such Person in accordance with GAAP as cash flows
from financings at the time such transaction was entered into (other than as a result of the issuance of Equity Interests) and (c) Obligations of such Person in respect of other transactions entered into by such Person that are not otherwise
addressed in the definition of “Debt” or in clause (a) or (b) above that are intended to function primarily as a borrowing of funds (including, without limitation, any minority interest transactions that function
primarily as a borrowing). 
 “Tax Allocation Agreements” means (a) the Tax Allocation Agreement among the
International Harvester Company (predecessor to Borrower) and its Subsidiaries (as defined therein), effective as of October 1, 1981, as it has been and may be amended and/or supplemented from time to time, (b) the Tax Allocation Agreement
between Navistar International and Navistar International Transportation Corp. (predecessor to Borrower), effective April 1, 1987, as it has been and may be amended and/or supplemented from time to time and (c) the Tax Allocation Agreement
by and among Navistar International and its Subsidiary Members (as defined therein), dated April 14, 2008; provided that such agreements shall not be amended, supplemented, amended and restated or otherwise modified after the Closing
Date in a manner adverse in any material respect to the interests of Borrower or its Subsidiaries. 
 “Taxes”
means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority. 
 “Term Loan” means the term loans made to Borrower (and guaranteed by Navistar International and certain Subsidiaries of Navistar International) in the maximum aggregate original principal
amount of up to $1 billion pursuant to the Term Loan Agreement. 
 “Term Loan Agents” means the Term Loan
Collateral Agent and the Administrative Agent (as defined in the Term Loan Agreement). 
 “Term Loan Agreement”
means that certain Credit Agreement dated as of August 17, 2012, by and among, inter alia, Navistar International, Borrower, JPMorgan Chase Bank, N.A., as administrative agent thereunder, and the lenders from time to time party thereto.

 “Term Loan Collateral Agent” means the Collateral Agent (as defined in the Term Loan Agreement). 

  
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 “Term Loan Documents” means the Credit Documents (as defined in the
Term Loan Agreement) and any other documents that are designated under any agreement refinancing, replacing, renewing, extending or restructuring the Term Loan Agreement as “Term Loan Documents” for the purposes of this Agreement.

 “Term Loan Facility” means the term loan facility provided by the Term Loan Agreement. 

“Term Loan Lender” means the lenders party to the Term Loan Agreement. 

“Term Loan Security Agreement” means the Guarantee and Collateral Agreement dated as of the date hereof among Borrower,
Navistar International, the Term Loan Collateral Agent and the other parties thereto. 
 “Total Utilization of
Commitments” means the average daily aggregate Exposures of all Lenders. 
 “Transaction Costs” means
fees and expenses payable or otherwise borne by Borrower in connection with the Transactions and the transactions contemplated thereby. 
 “Transactions” means, collectively, (a) the execution, delivery and performance by Borrower of the Loan Documents to which it is a party and the making of the Borrowings and the
issuance, amendment and renewal of Letters of Credit hereunder, and (b) the payment of the Transaction Costs. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the
Loans comprising such Borrowing, is determined by reference to LIBOR or the Base Rate. 
 “UCC” means the
Uniform Commercial Code as in effect from time to time in the State of New York or any other state the laws of which are required to be applied in connection with the issue of perfection of security interests. 

“UFCA” has the meaning assigned to such term in Section 9.18(b). 

“UFTA” has the meaning assigned to such term in Section 9.18(b). 

“Unliquidated Obligations” means, at any time, any Secured Obligations (or portion thereof) that are contingent in
nature or unliquidated at such time, including any Secured Obligation that is: (a) an obligation to reimburse a bank for drawings not yet made under a Letter of Credit issued by it; (b) any other obligation (including any guarantee) that
is contingent in nature at such time; or (c) an obligation to provide collateral to secure any of the foregoing types of obligations; but excluding unripened or contingent obligations related to indemnification under Section 9.03
for which no written demand has been made. 
 “Unrestricted Subsidiary” has the meaning assigned to such term
in the 2009 Senior Note Indenture. 
 “U.S. Liquidity” means, at any time of determination the sum of
(a) unrestricted (determined in a manner consistent with GAAP) cash and Cash Equivalents of Navistar International and its Domestic Subsidiaries at such time, plus (b) amounts available to Navistar International and its Domestic
Subsidiaries under lines of credit in the United States at such time, plus (c) unrestricted cash 

  
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(determined in a manner consistent with GAAP) located in a foreign jurisdiction at such time, so long as such cash may be transferred to Navistar International and its Domestic Subsidiaries in
the United States without restrictions under any charter, document or other contractual obligation and without any material adverse tax consequences. 
 “USA PATRIOT Act” means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56
(signed into law October 26, 2001)), as amended or modified from time to time. 
 “Voting Interests”
means, with respect to any Person, securities of any class or classes of Equity Interests in such Person entitling the holders thereof (whether at all times or only so long as no senior class of stock has voting power by reason of any contingency)
to vote in the election of members of the Board of Directors or other governing body of such Person. 
 “Withdrawal
Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 

Section 1.02 Classification of Loans and Borrowings . For purposes of this Agreement, Loans may be classified and referred to by
Class (e.g., a “Revolving Loan” or “Swingline Loan”) or by Type (e.g., a “LIBOR Loan”) or by Class and Type (e.g., a “LIBOR Revolving Loan”). Borrowings also may be classified and referred
to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “LIBOR Borrowing”) or by Class and Type (e.g., a “LIBOR Revolving Borrowing”). 

Section 1.03 Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any organizational
document, agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, amended and restated, supplemented, waived, modified, restructured, refinanced,
replaced, renewed or extended (subject to any restrictions on such amendments, amendment and restatements, supplements, modifications, restructurings, refinancings, replacements, renewals or extensions set forth herein), (b) any reference
herein to any Person shall be construed to include such Person’s successors and permitted assigns and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof,
(c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references
herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (e) the words “asset” and “property” shall be construed to have the
same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights, (f) the words “knowledge” or “aware” or words of similar import
shall mean, when used in reference to Borrower, the actual knowledge of any Responsible Officer and (g) references to any law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or
interpreting such law. All determinations (including calculations of the Borrowing Base) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time. The Borrowing Base calculations shall be
consistent with historical methods of valuation and calculation (and not necessarily calculated in accordance with GAAP). No provision of any Loan Documents shall be construed against any party by reason of such party having, or being deemed to
have, drafted the provision. 

  
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 Section 1.04 Accounting Terms; GAAP. Except as otherwise expressly provided
herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if Borrower notifies the Administrative Agent that Borrower requests an amendment to any
provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies Borrower that the Required Lenders request an
amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and
applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding the foregoing, for purposes of determining compliance with any covenant
contained herein, Indebtedness of Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded.

 Section 1.05 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to
Central time (daylight or standard, as applicable). 
 Section 1.06 Timing of Payment or Performance. When the payment of
any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or
performance shall extend to the immediately succeeding Business Day and such extension of time shall be reflected in computing interest or fees, as the case may be. 
 Section 1.07 Certifications. All certifications to be made hereunder by an officer or representative of Borrower shall be made by such person in his or her capacity solely as an officer or a
representative of Borrower, on Borrower’s behalf and not in such Person’s individual capacity. 
 ARTICLE II 

 THE CREDITS 
 Section 2.01 Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees, severally and not jointly, to make Revolving Loans in Dollars to Borrower from time to
time during the Availability Period in an aggregate principal amount that will not result in: 
 (i) such
Lender’s Exposure exceeding the lesser of (A) such Lender’s Applicable Percentage of the Available Commitment, and (B) such Lender’s Applicable Percentage of the Borrowing Base (except as provided for in
Section 2.04); or 
 (ii) the total Exposures of all the Lenders exceeding the lesser of
(A) the aggregate Available Commitments, and (B) the Borrowing Base (except as provided for in Section 2.04). 
 (b) Within the foregoing limits and subject to the terms and conditions set forth herein (including the Administrative Agent’s authority, in its sole discretion, to make Protective Advances pursuant
to the terms of Section 2.04), Borrower may borrow, repay and reborrow Revolving Loans without premium or penalty. 

Section 2.02 Loans and Borrowings. (a) Each Loan (other than a Swingline Loan or a Protective Advance) shall be made as part
of a Borrowing consisting of Loans of the same Class and Type 

  
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made by the Lenders ratably in accordance with their respective Commitments of the applicable Class. Any Protective Advance and any Swingline Loan shall be made in accordance with the procedures
set forth in Sections 2.04 and 2.05, respectively. 
 (b) Subject to Sections 2.14 and
2.15, each Borrowing shall be comprised entirely of Base Rate Loans or LIBOR Loans as Borrower may request in accordance herewith. Each Swingline Loan and each Protective Advance shall be a Base Rate Loan. Each Lender at its option may make
any LIBOR Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided, that (i) any exercise of such option shall not affect the obligation of Borrower to repay such Loan in accordance with the
terms of this Agreement, and (ii) in exercising such option, such Lender shall use reasonable efforts to minimize any increase in LIBOR or increased costs to Borrower resulting therefrom (which obligation of such Lender shall not require it to
take, or refrain from taking, actions that it determines would result in increased costs for which it will not be compensated hereunder or that it otherwise determines would be disadvantageous to it and in the event of such request for costs for
which compensation is provided under this Agreement, the provisions of Section 2.15 shall apply). 
 (c) At the
commencement of each Interest Period for any LIBOR Borrowing, such Borrowing when made shall be in a minimum principal amount of $1,000,000 and in integral multiples of $1,000,000 thereafter. Each Base Rate Borrowing when made shall be in a minimum
principal amount of $1,000,000; provided that a Base Rate Borrowing may be made in a lesser aggregate amount that is equal to the entire unused balance of the Available Commitments or that is required to (i) finance the reimbursement of
an LC Disbursement as contemplated by Section 2.06(e), or (ii) repay Swingline Loans as contemplated by Section 2.10(a). Borrowings of more than one Type and Class may be outstanding at the same time; provided
that there shall not at any time be more than a total of ten different Interest Periods in effect for LIBOR Borrowings at any time outstanding. 
 (d) Notwithstanding any other provision of this Agreement, Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect
thereto would end after the Maturity Date. 
 Section 2.03 Requests for Borrowings. (a) To request a Borrowing,
Borrower shall notify the Administrative Agent of such request either in writing by delivery of a Borrowing Request (by hand, facsimile or a “pdf” or other electronic transmission) signed by Borrower or by telephone (i) in the case of
a LIBOR Borrowing, not later than 1:00 p.m. three Business Days before the date of the proposed Borrowing or (ii) in the case of a Base Rate Borrowing (including any such notice of a Base Rate Borrowing to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.06(e)), not later than 12:00 noon on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery,
facsimile or a “pdf” or other electronic transmission to the Administrative Agent of a written Borrowing Request signed by Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance
with Section 2.01: 
 (A) the aggregate amount of the requested Borrowing; 

(B) the date of such Borrowing, which shall be a Business Day; 

(C) whether such Borrowing is to be a Base Rate Borrowing or a LIBOR Borrowing; 

  
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 (D) in the case of a LIBOR Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and 
 (E) the location and number of Borrower’s accounts or any other designated account(s) to which funds are to be disbursed. 
 (b) If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be a Base Rate Borrowing. If no Interest Period is specified with respect to any requested LIBOR Borrowing,
then Borrower shall be deemed to have selected an Interest Period of 30 day’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the
details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 
 (c) Unless
payment is otherwise timely made by Borrower, the becoming due of any Facility Obligation shall be deemed to be a request for a Base Rate Loan on the due date, in the amount of such Facility Obligation. The proceeds of such Loan shall be disbursed
as direct payment of the relevant Facility Obligation. This Section 2.03(c) shall be subject in all respects to the terms of Section 9.22 of this Agreement. 

(d) If Borrower establishes a controlled disbursement account with the Administrative Agent or any branch or Affiliate of the
Administrative Agent, then the presentation for payment of any check, ACH or electronic debit, or other payment item at a time when there are insufficient funds to cover it shall be deemed to be a request for a Base Rate Loan on the date of such
presentation, in the amount of such payment item and the Administrative Agent shall notify Borrower promptly thereafter; provided that the Administrative Agent shall not be liable for any failure to give such notice; provided,
further that any failure to give such notice shall not affect the validity of such Loan. The proceeds of such Loan may be disbursed directly to the controlled disbursement account or other appropriate account. This Section 2.03(d)
shall be subject in all respects to the terms of Section 9.22 of this Agreement. 
 Section 2.04 Protective
Advances. (a) Subject in all respects to the limitations set forth below and the terms of Section 9.22 of this Agreement (and notwithstanding anything to the contrary in Section 4.02, including failure to satisfy or
waive any of the conditions precedent set forth in Section 4.02), the Administrative Agent is authorized by Borrower and the Lenders, from time to time in the Administrative Agent’s sole discretion (but shall have absolutely no
obligation to), to make Loans to Borrower, on behalf of all Lenders at any time that any condition precedent set forth in Section 4.02 has not been satisfied or waived, which the Administrative Agent, in its Permitted Discretion, deems
necessary or desirable (i) to preserve or protect the Collateral, or any portion thereof, (ii) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (iii) to pay any other amount
chargeable to or required to be paid by Borrower pursuant to the terms of this Agreement, including payments of reimbursable expenses (including costs, fees, and expenses as described in Section 9.03) and other sums payable under the
Loan Documents (each such Loan, a “Protective Advance”). Any Protective Advance may be made in a principal amount that would cause the aggregate Exposures to exceed the Borrowing Base; provided that no Protective Advance may
be made to the extent that, after giving effect to such Protective Advance (together with the outstanding principal amount of any outstanding Protective Advances), the aggregate principal amount of Protective Advances outstanding hereunder would
exceed 5% of the aggregate Commitments as determined on the date of such proposed Protective Advance; and provided, further that, the aggregate amount of such proposed Protective Advances plus the aggregate Exposures shall not
exceed the aggregate Commitments. No 

  
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 Protective Advance may remain outstanding for more than 60 days without the consent of the Required
Lenders. Each Protective Advance shall be secured by the Liens in favor of the Administrative Agent in and to the Collateral and shall constitute Facility Obligations and Secured Obligations hereunder. The Administrative Agent’s authorization
to make Protective Advances may be revoked at any time by the Required Lenders. Any such revocation must be in writing and shall become effective prospectively upon the Administrative Agent’s receipt thereof. The making of a Protective Advance
on any one occasion shall not obligate the Administrative Agent to make any Protective Advance on any other occasion. At any time that the conditions precedent set forth in Section 4.02 have been satisfied or waived, the Administrative
Agent may request the Lenders to make a Revolving Loan to repay a Protective Advance. At any other time, the Administrative Agent may require the Lenders to fund their risk participations described in Section 2.04(b). 

(b) Upon the making of a Protective Advance by the Administrative Agent (whether before or after the occurrence of a Default), each
Lender shall be deemed, without further action by any party hereto, unconditionally and irrevocably to have purchased from the Administrative Agent without recourse or warranty, an undivided interest and participation in such Protective Advance in
proportion to its Applicable Percentage. From and after the date, if any, on which any Lender is required to fund its participation in any Protective Advance purchased hereunder, the Administrative Agent shall promptly distribute to such Lender,
such Lender’s Applicable Percentage of all payments of principal and interest and all proceeds of Collateral (if any) received by the Administrative Agent in respect of such Protective Advance. 

Section 2.05 Swingline Loans; Settlement. (a) The Administrative Agent, as the Swingline Lender, may, but shall not be
obligated to, advance Swingline Loans to Borrower (such loan, a “Swingline Loan”), up to an aggregate outstanding amount of $20,000,000. Each Swingline Loan shall constitute a Revolving Loan for all purposes, except that payments
thereon shall be made to the Administrative Agent for its own account. The obligation of Borrower to repay Swingline Loans shall be evidenced by the records of the Administrative Agent and need not be evidenced by any promissory note. 

(b) Settlement of Swingline Loans and other Loans among the Lenders and the Administrative Agent shall take place on a date determined
from time to time by the Administrative Agent (but at least weekly), in accordance with the applicable Settlement Report delivered by the Administrative Agent to the Lenders. Between settlement dates, the Administrative Agent may in its discretion
apply payments on Loans to Swingline Loans, regardless of any designation by Borrower or any provision herein to the contrary. Each Lender’s obligation to make settlements with the Administrative Agent is absolute and unconditional, without
offset, counterclaim or other defense, and whether or not the Commitments have terminated or the conditions in Section 4 are satisfied. If, due to a proceeding of the type described in Section 7.01(h) with respect to Borrower
or otherwise, any Swingline Loan made to Borrower may not be settled among the Lenders hereunder, then each Lender shall be deemed to have purchased from the Administrative Agent a pro rata participation in accordance with their Applicable
Percentage in such Loan and shall transfer the amount of such participation to the Administrative Agent, in immediately available funds, within one Business Day after the Administrative Agent’s request therefor. 

Section 2.06 Letters of Credit. (a) General. Subject to the terms and conditions set forth herein, (i) each
Issuing Bank agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.06, from time to time on any Business Day during the period from the Closing Date to but not including the fifth Business Day prior to
the Maturity Date, upon the request of Borrower, to issue standby Letters of Credit denominated in Dollars only and issued for the account of Borrower, and to amend or renew Letters of Credit previously issued by it, in accordance with
Section 2.06(b); and (ii) the Lenders severally agree to participate in the Letters of Credit issued pursuant to Section 2.06(d) (it being 

  
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 understood and agreed that any such participation shall not constitute a Loan). Subject to the terms and
conditions hereof, Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been
drawn upon and reimbursed. 
 (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the
issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), Borrower shall hand deliver or facsimile (or transmit by a “pdf” or other electronic communication) to the applicable Issuing Bank
and the Administrative Agent, at least two Business Days in advance of the requested date of issuance (or such shorter period as is acceptable to the applicable Issuing Bank), a request to issue substantially in the form of Exhibit E
attached hereto (each a “Letter of Credit Request”). To request an amendment, extension or renewal of a Letter of Credit, Borrower shall submit such a request on its letterhead, addressed to the applicable Issuing Bank (with a copy
to the Administrative Agent) at least two Business Days in advance of the requested date of amendment, extension or renewal (or such shorter period as is acceptable to the applicable Issuing Bank), identifying the Letter of Credit to be amended,
renewed or extended, and specifying the proposed date (which shall be a Business Day) and other details of the amendment, extension or renewal. Requests for issuance, amendment, renewal or extension must be accompanied by such other information as
shall be necessary to issue, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any
request for a Letter of Credit. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by Borrower to, or entered
into by Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. A Letter of Credit shall be issued, amended, renewed or extended only if (and on issuance, amendment,
renewal or extension of each Letter of Credit Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $175,000,000 (as such amount may
be decreased pursuant to Section 2.09(c)) and (ii) the aggregate amount of the Credit Extensions shall not exceed the lesser of (1) the Available Commitments and (2) the Borrowing Base. Promptly after the delivery of any
Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the applicable Issuing Bank will also deliver to Borrower and the Administrative Agent a true and complete copy of such
Letter of Credit or amendment. Upon receipt of such Letter of Credit or amendment, the Administrative Agent shall notify the Lenders, in writing, of such Letter of Credit or amendment, and if so requested by a Lender, the Administrative Agent will
provide such Lender with copies of such Letter of Credit or amendment. Notwithstanding the forgoing, after giving effect to Section 2.23(a), no Issuing Bank shall be required to issue Letters of Credit if a Defaulting Lender exists at
such time, unless such Lender has, or Borrower has, entered into arrangements satisfactory to the Administrative Agent and such Issuing Bank (including the delivery of cash collateral) to eliminate any Fronting Exposure associated with such Lender.

 (c) Expiration Date. Each Letter of Credit shall expire not later than the earlier of (i) the stated expiration
date on such Letter of Credit, and (ii) the date that is five Business Days prior to the Maturity Date (other than any Letter of Credit with a stated expiry date within 12 months following the Maturity Date that shall have been fully Cash
Collateralized or Backstopped by Borrower as of the Maturity Date); provided, that, Borrower may request the issuance of standby Letters of Credit with tenors in excess of 12 months, so long as the aggregate total of the stated amounts
of all such standby Letters of Credit (with tenors in excess of 12 months) outstanding at any time shall not exceed $25,000,000, and all other Letters of Credit issued hereunder shall have tenors of 12 months or less; provided,
further, that any standby Letter of Credit with a tenor of 12 months or less may provide for the automatic extension thereof for any number of additional periods, each of up to one year in duration (none of which, in any event, shall
extend beyond the date referred to above). Each commercial Letter of Credit shall expire on the earlier of (A) 180 days after the date of the issuance of such Letter of Credit and (B) the date that is 30 days prior to the
Maturity Date. 

  
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 (d) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Lenders, the applicable Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from such Issuing
Bank, a participation in each such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender hereby
absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by Borrower on
the date due as provided in paragraph (e) of this Section 2.06, or of any reimbursement payment required to be refunded to Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire
participations pursuant to this paragraph (d) in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit
or the occurrence and continuance of a Default or reduction or termination of the Commitments and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. No Issuing Bank makes to any Lender any
express or implied warranty, representation or guaranty with respect to the Collateral, Letter of Credit document or Borrower. No Issuing Bank shall be responsible to any Lender for any recitals, statements, information, representations or
warranties contained in, or for the execution, validity, genuineness, effectiveness or enforceability of any Letter of Credit document; the validity, genuineness, enforceability, collectability, value or sufficiency of any Collateral or the
perfection of any Lien thereon; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of Borrower. 
 (e) Reimbursement. If the applicable Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, Borrower shall reimburse such LC Disbursement by paying to the Administrative
Agent an amount equal to such LC Disbursement not later than 12:00 noon, on the Business Day immediately following the date Borrower receives notice under paragraph (g) of this Section 2.06 of such LC Disbursement so long as
notice is delivered to Borrower no later than 10:00 a.m.; provided that Borrower may, subject to the satisfaction (or waiver in accordance with Section 9.02) of the conditions to borrowing set forth herein, request in accordance
with Section 2.03 or 2.05 that such payment be financed with a Base Rate Borrowing, in an equivalent amount and, to the extent so financed, Borrower’s obligation to make such payment shall be discharged and replaced by the
resulting Base Rate Borrowing. If Borrower fails to make such payment when due, or if any payment made by Borrower must be disgorged, returned or otherwise relinquished for any reason, including by reason of any event described in
Section 7.01(h), the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt
of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from Borrower, in the same manner as provided in Section 2.07 with respect to Loans made by such Lender (and
Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Lenders. Promptly
following receipt by the Administrative Agent of any payment from Borrower pursuant to this paragraph (g), the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that the Lenders have made
payments pursuant to this paragraph (g) to reimburse the applicable Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing
Bank for any LC Disbursement shall not constitute a Loan and shall not relieve Borrower of its obligation to reimburse such LC Disbursement. 

  
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 (f) Obligations Absolute. Borrower’s and the Lenders’ obligation to
reimburse LC Disbursements, as provided in paragraph (e) of this Section 2.06, shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit
proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any material respect, (iii) payment by the applicable Issuing Bank under a Letter of Credit against presentation of a draft or
other document that does not comply with the terms of such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this
Section 2.06, constitute a legal or equitable discharge of, or provide a right of setoff against, Borrower’s obligations hereunder (other than payment or performance, to the extent thereof). Neither the Administrative Agent, the
Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder
(irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of such Issuing Bank; provided that the foregoing shall not be construed
to excuse such Issuing Bank (or any of its agents, employees, officers, advisors or Related Parties) from liability to Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by
Borrower to the extent permitted by applicable law) suffered by Borrower that are caused by such Issuing Bank’s (or any of its agents, employees, officers, advisors or Related Parties) (i) failure to exercise care when determining whether
drafts and other documents presented under a Letter of Credit comply with the terms thereof, (ii) gross negligence, (iii) willful misconduct or (iv) bad faith. The parties hereto expressly agree that, in the absence of gross
negligence, bad faith or willful misconduct on the part of the applicable Issuing Bank (or its agents, officers, employees, advisors or Related Parties) (as finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed
to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance
with the terms of a Letter of Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the
contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 
 (g) Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit.
Such Issuing Bank shall promptly notify the Administrative Agent and Borrower by telephone (confirmed by facsimile or electronic transmission) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement
thereunder; provided that any failure to give or delay in giving such notice shall not relieve Borrower of its obligation to reimburse such applicable Issuing Bank and the Lenders with respect to any such LC Disbursement. 

(h) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless Borrower shall reimburse such LC
Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that Borrower reimburses such LC
Disbursement, at the rate per annum then applicable to Loans that are Base Rate Loans; provided that, if Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.06,
then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph (h) shall be for the account of the 

  
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 applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender
pursuant to paragraph (e) of this Section 2.06 to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment. Interest accrued under this Section 2.06(h) or
Section 2.13(c) (as it relates thereto) shall constitute and form a part of the reimbursement obligations owed by Borrower in respect of such Letters of Credit. 
 (i) Replacement of an Issuing Bank. An Issuing Bank may be replaced with the consent of the Administrative Agent (not to be unreasonably withheld, delayed or conditioned) at any time by written
agreement among Borrower, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become
effective, Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all
the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or
to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all
the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement to the extent such Letters of Credit remain outstanding or otherwise with respect to indemnification and any
other amounts owing to it hereunder until such amounts have been paid in full, but shall not be required to issue additional Letters of Credit. 
 (j) Cash Collateralization. If any Event of Default shall occur and be continuing, within one Business Day of the date Borrower receives notice from the Administrative Agent acting at the direction
of the Required Lenders or an Issuing Bank (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure representing greater than 50% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this
paragraph (j), Borrower shall deposit, in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders (the “LC Collateral Account”), an amount in cash equal to 103% of
the LC Exposure as of such date; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the
occurrence of any Event of Default with respect to Borrower described in clause (h) or (i) of Section 7.01. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of
the Secured Obligations in accordance with the provisions of this paragraph (j) during the continuance of any such Event of Default but shall be promptly released and returned to Borrower upon the cure or waiver of such Event of Default.
The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account and Borrower hereby grants the Administrative Agent a security interest in the LC Collateral Account for the benefit
of the Lenders. Other than any interest earned on the investment of such deposits, which investments shall be made at the discretion of the Administrative Agent for the benefit of Borrower to the extent not applied to the Obligations or any Banking
Services Obligations during the continuance of an Event of Default in accordance with Section 2.18 and at the risk and expense of Borrower, such deposits shall not bear interest. Interest or profits, if any, on such investments shall
accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the applicable Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for
the satisfaction of the reimbursement obligations of Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of the Lenders with LC Exposure representing greater than 50% of the
total LC Exposure), be applied to satisfy other Secured Obligations. If Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence and continuance of an Event of Default, such amount (together with all
interest and other earnings with respect thereto, to the extent not applied as aforesaid) shall be returned promptly to Borrower but in no event later than 3 Business Days after such Event of Default has been cured or waived. 

  
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 (k) Existing Letters of Credit. On the Initial Closing Date, the Existing
Letters of Credit, to the extent then outstanding, were automatically and without further action by the parties thereto deemed to continue as Letters of Credit issued pursuant to Section 2.06 for the account of Borrower and subject to
the provisions hereof, and for this purpose (i) fees in respect thereof pursuant to Section 2.12(b) shall be payable (in substitution for any fees set forth in the applicable letter of credit reimbursement agreements or applications
relating to the Existing Letters of Credit, except to the extent that such fees are also payable pursuant to Section 2.12(b)) as if the Existing Letters of Credit had been issued on the Closing Date, (ii) the Existing Letters of
Credit shall be included in the calculation of LC Obligations and (iii) all liabilities of Borrower with respect to the Existing Letters of Credit shall constitute Facility Obligations. The Existing Letters of Credit shall not be extended or
renewed, except pursuant to customary automatic extension provisions in existence on the date hereof or unless the Letter of Credit issuer is a Lender and has been validly appointed as an Issuing Bank hereunder prior to the requested extension or
renewal. Notwithstanding the foregoing, Borrower shall not be required to pay any additional issuance fees with respect to the issuance of the Existing Letters of Credit solely as a result of such letters of credit being converted to a Letter of
Credit hereunder, it being understood that the fronting, participation and other fees set forth in Section 2.12(b) shall otherwise apply to the Existing Letters of Credit. 

(l) Borrower assumes all risks of the acts, omissions or misuses of any Letter of Credit by the beneficiary. In connection with issuance
of any Letter of Credit, neither the Administrative Agent, nor any Issuing Bank or Lender shall be responsible for the existence, character, quality, quantity, condition, packing, value or delivery of any goods purported to be represented by any
Documents; any differences or variation in the character, quality, quantity, condition, packing, value or delivery of any goods from that expressed in any Documents; the form, validity, sufficiency, accuracy, genuineness or legal effect of any
Documents or of any endorsements thereon; the time, place, manner or order in which shipment of goods is made; partial or incomplete shipment of, or failure to ship, any goods referred to in a Letter of Credit or Documents; any deviation from
instructions, delay, default or fraud by any shipper or other Person in connection with any goods, shipment or delivery; any breach of contract between a shipper or vendor and Borrower (or any other Person whose obligations are supported by such
Letter of Credit); errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex, telecopy, e-mail, telephone or otherwise; errors in interpretation of technical terms; the misapplication by
a beneficiary of any Letter of Credit or the proceeds thereof; or any consequences arising from causes beyond the control of any Issuing Bank, the Administrative Agent or any Lender, including any act or omission of a Governmental Authority. The
rights and remedies of an Issuing Bank under the Loan Documents shall be cumulative. Each Issuing Bank shall be fully subrogated to the rights and remedies of each beneficiary whose claims against Borrower are discharged with proceeds of any Letter
of Credit. 
 (m) In connection with its administration of and enforcement of rights or remedies under any Letters of Credit or
related documents, the applicable Issuing Bank shall be entitled to act, and shall be fully protected in acting, upon any certification, documentation or communication in whatever form believed by such Issuing Bank, in good faith, to be genuine and
correct and to have been signed, sent or made by a proper Person. The applicable Issuing Bank may consult with and employ legal counsel, accountants and other experts to advise it concerning its obligations, rights and remedies, and shall be
entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by such experts. The applicable Issuing Bank may employ agents and attorneys-in-fact in connection with any matter relating to
Letters of Credit or related documents, and shall not be liable for the negligence or misconduct of agents and attorneys-in-fact selected with reasonable care. 

  
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 Section 2.07 Funding of Borrowings. (a) Each Lender shall make each Loan to
be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:30 p.m. to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders in an amount equal
to such Lender’s respective Applicable Percentage; provided, that Swingline Loans shall be made as provided in Section 2.05. The Administrative Agent will make such Loans available to Borrower by promptly crediting the
amounts so received, in like funds, to the Funding Account or as otherwise directed by Borrower; provided that Base Rate Loans made to finance the reimbursement of (i) an LC Disbursement as provided in Section 2.06(e) shall
be remitted by the Administrative Agent to the applicable Issuing Bank and (ii) a Protective Advance shall be retained by the Administrative Agent to be applied as contemplated by Section 2.04 (and the Administrative Agent shall,
upon the request of Borrower, deliver to Borrower a reasonably detailed accounting of either such application). 
 (b) Unless
the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent
may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section 2.07 and may, in reliance upon such assumption, make available to Borrower a corresponding amount. In
such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and Borrower severally agree to pay to the Administrative Agent forthwith on demand (without
duplication) such corresponding amount with interest thereon, for each day from and including the date such amount is made available to Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such
Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of Borrower, the interest rate applicable to Loans
that are Base Rate Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. Nothing herein shall be deemed to relieve any Lender from its obligation to
fulfill its Commitment or to prejudice any rights which the Administrative Agent or Borrower may have against any Lender as a result of any default by such Lender hereunder. 
 Section 2.08 Type; Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a LIBOR Borrowing, shall have an
initial Interest Period as specified in such Borrowing Request. Thereafter, Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a LIBOR Borrowing, may elect Interest Periods therefor,
all as provided in this Section 2.08. Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans
comprising such Borrowing, based upon their Applicable Percentages, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section 2.08 shall not apply to Swingline Borrowings or Protective Advances,
which may not be converted or continued. 
 (b) To make an election pursuant to this Section 2.08, Borrower shall
notify the Administrative Agent of such election by telephone, facsimile or a “pdf” or other electronic transmission by the time that a Borrowing Request would be required under Section 2.03 if Borrower were requesting a
Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery, facsimile or electronic
“pdf” or other electronic transmission to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by Borrower. 

  
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 (c) Each telephonic and written (including permitted electronic transmission) Interest
Election Request shall specify the following information in compliance with Section 2.02: 
 (i) the
Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be
specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; 

(iii) whether the resulting Borrowing is to be a Base Rate Borrowing or a LIBOR Borrowing; and 

(iv) if the resulting Borrowing is a LIBOR Borrowing, the Interest Period to be applicable thereto after giving effect to
such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
 If any such Interest Election
Request requests a LIBOR Borrowing but does not specify an Interest Period, then Borrower shall be deemed to have selected an Interest Period of 30 day’s duration. 
 (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

 (e) If Borrower fails to deliver a timely Interest Election Request with respect to a LIBOR Borrowing prior to the end of the
Interest Period applicable thereto, and unless such Borrowing is repaid as provided herein (including any prepayment notice required pursuant to Section 2.11), then, at the end of such Interest Period, such Borrowing shall be converted
to a Base Rate Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent (at its discretion or at the request of the Required Lenders), so notifies Borrower, then, so
long as an Event of Default is continuing no outstanding Borrowing may be converted to or continued as a LIBOR Borrowing and unless repaid, at the end of the then-current Interest Period applicable thereto each LIBOR Borrowing shall be
converted to a Base Rate Borrowing. 
 Section 2.09 Termination and Reduction of Commitments. (a) Unless
previously terminated, the Commitments shall terminate on the Maturity Date. 
 (b) Upon delivering the notice required by
Section 2.09(d), Borrower may at any time terminate the Commitments (without premium or penalty) upon (i) the payment in full of all outstanding Loans, together with accrued and unpaid interest thereon, (ii) the cancellation
and return of all outstanding Letters of Credit (or alternatively, with respect to each such Letter of Credit, the Cash Collateralization or Backstop of such Letter of Credit), and (iii) the payment in full of all accrued and unpaid fees and
all reimbursable expenses and other Obligations then earned, due, and owing as of such termination together with accrued and unpaid interest thereon. 
 (c) Upon delivering the notice required by Section 2.09(d), Borrower may from time to time reduce the Commitments (without premium or penalty); provided that (i) each reduction of
the Commitments shall be in an amount that is not less than $1,000,000, and in integral multiples of $1,000,000 thereafter, and (ii) Borrower shall not reduce the Commitments if, after giving

  
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 effect to any concurrent prepayment of the Revolving Loans in accordance with Section 2.10,
the sum of the aggregate Exposures would exceed the Available Commitments; provided, that any reduction of the Commitments must include a corresponding reduction in the maximum LC Exposure, under Section 2.06(b).

 (d) Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph
(b) or (c) of this Section 2.09 at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any
notice, Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by Borrower pursuant to this Section 2.09 shall be irrevocable; provided that a notice of termination of the Commitments
delivered by Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, other debt or equity issuances, an asset sale or an investment, in which case such notice may be revoked by Borrower (by notice to the
Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments pursuant to this Section 2.09 shall be permanent. Upon any reduction of the
Commitments, the Commitment of each Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. 
 Section 2.10 Repayment of Loans; Evidence of Debt. (a) Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender the then unpaid
principal amount of each Revolving Loan on the Maturity Date and (ii) to the Administrative Agent the then unpaid amount of each Protective Advance on the earlier of the Maturity Date and written demand by the Administrative Agent; provided
that on each date that a Revolving Loan is made while any Protective Advance is outstanding, Borrower shall repay all Protective Advances with the proceeds of such requested Revolving Loan. 

(b) At all times after the occurrence and during the continuance of an Event of Default (subject to the provisions of
Section 2.18(b) and (c) and to the terms of the Security Agreement), on each Business Day, at or before 12:00 noon, the Administrative Agent shall apply all immediately available funds credited to the Collection Account
(without any premium or penalty or commitment reduction) as follows; first to pay any fees or expense reimbursements then earned, due and owing to the Administrative Agent, the Issuing Banks and the Lenders (other than in connection
with Banking Services) pursuant to the terms of the Loan Documents, pro rata; second to pay interest due and payable in respect of any Revolving Loans (including Swingline Loans) and any Protective Advances permitted to be made
under Section 9.22 that may be outstanding, pro rata; third to prepay the principal of any Protective Advances permitted to be made under Section 9.22 that may be outstanding, pro rata; and
fourth to prepay the principal of the Loans (including Swingline Loans) and to prepay unreimbursed LC Disbursements, ratably and then in the amount necessary to Cash Collateralize the LC Exposure, pro rata. Amounts to be applied
pursuant to this Section 2.10(b) in prepayment of Revolving Loans shall be applied, as applicable, first to reduce outstanding Base Rate Loans. Any amounts remaining after each such application shall be applied to prepay LIBOR Loans and
if Borrower was required to Cash Collateralize any Letters of Credit as a result of the occurrence and continuance of an Event of Default, after such Event of Default has been cured or waived, all amounts in the LC Collateral Account shall be
returned to Borrower in accordance with the last sentence of Section 2.06(j). 
 (c) Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing the indebtedness of Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time
to time hereunder. 

  
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 (d) The Administrative Agent shall maintain accounts in which it shall record
(i) the amount of each Loan made hereunder, the Class and Type thereof and the Interest Period (if any) applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from Borrower to each
Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. In addition, Borrower shall receive a monthly statement detailing such accounts
from the Administrative Agent. 
 (e) The entries made in the accounts maintained pursuant to paragraph (c) of this
Section 2.10 shall be prima facie evidence of the existence and amounts of the Obligations recorded therein (absent manifest error); provided that the failure of any Lender or the Administrative Agent to maintain such
accounts or any error therein shall not in any manner affect the obligation of Borrower to repay the Loans in accordance with the terms of this Agreement. 
 (f) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, Borrower promptly shall prepare, execute and deliver to such Lender a promissory note payable to such
Lender and its registered assigns and in substantially the form of Exhibit G hereto; provided that the Lenders agree to provide at least three Business Days prior notice of any such request for promissory notes on the Closing
Date. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee
named therein and its registered assigns. 
 Section 2.11 Prepayment of Loans. (a) Upon prior notice in accordance
with paragraph (c) of this Section 2.11, Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty (but subject to Section 2.16) or
Commitment reduction. Prepayments made pursuant to this Section 2.11(a), first, shall be applied ratably to the Swingline Loans and to outstanding LC Disbursements; and second, shall be applied ratably to the
outstanding Revolving Loans. 
 (b) Mandatory Prepayments. Except for Protective Advances permitted under
Section 2.04, in the event and on each Business Day, on which Borrower receives written notice that the total Exposure exceeds the lesser of (i) the Available Commitments and (ii) the Borrowing Base, Borrower shall prepay (on
the date of receipt of such notice, if such notice is received by 10:00 a.m. on such day, and by the next Business Day, if such notice is received after 10:00 a.m. on such day) the Revolving Loans or Swingline Loans and/or reduce the LC
Exposure, in an aggregate amount equal to such excess by taking any of the following actions as it shall determine at its sole discretion: (1) prepayment of Revolving Loans or Swingline Loans or (2) deposit of cash in the LC Collateral
Account to Cash Collateralize any outstanding Letters of Credit in accordance with Section 2.05(j). 
 (c)
Voluntary Prepayments. Borrower shall notify the Administrative Agent by telephone (confirmed by “pdf”, other electronic transmission or facsimile to the Administrative Agent), or by “pdf” or other electronic transmission
or by facsimile of any prepayment hereunder (i) in the case of prepayment of a LIBOR Borrowing, not later than 1:00 p.m. three Business Days before the date of prepayment or (ii) in the case of prepayment of a Base Rate Borrowing, not
later than 10:00 a.m. on the Business Day of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice
of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with
Section 2.09. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each 

  
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 partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an
advance of a Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Borrowing pursuant to this paragraph (c) shall be applied to Swingline Loans until paid in full, before application to Revolving Loans.
Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13. 
 Section 2.12
Fees. (a) Borrower agrees to pay to the Administrative Agent, for the account of each Lender, a commitment fee, which shall accrue at the Commitment Fee Rate on the average daily amount of the Available Commitment of such Lender during
the period from and including the Closing Date to but excluding the date on which the Lenders’ Commitments terminate. Accrued commitment fees shall be payable in arrears on the first Business Day of each February, May, August and November
(commencing November 1, 2012) and on the date on which the Commitments terminate, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 365 days and shall be payable
for the actual number of days elapsed (including the first day but excluding the last day). For purposes of calculating the commitment fees, the Commitments shall be deemed utilized as a result of outstanding Swingline Loans. 

(b) Borrower agrees to pay to the Administrative Agent for the account of each Lender a participation fee with respect to its
participations in Letters of Credit at the same Applicable Margin used to determine the interest rate applicable to LIBOR Loans on the daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC
Disbursements), during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure. In addition, Borrower
agrees to pay to the applicable Issuing Bank, for its own account, in respect of each Letter of Credit issued by such Issuing Bank with respect to each Letter of Credit issued for the account of Borrower by such Issuing Bank, a fronting fee for the
period from the date of issuance of such Letter of Credit through the expiration date of such Letter of Credit (or if terminated on an earlier date, to the termination date of such Letter of Credit), computed at a rate equal to 0.125% per
annum of the daily Stated Amount of such Letter of Credit, as well as such Issuing Bank’s reasonable and customary standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings
thereunder. Participation fees and fronting fees accrued to but excluding the last Business Day of each January, April, July and October (commencing October 31, 2012) shall be payable on the first Business Day following such last day,
commencing on the first such date to occur after the Closing Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall
be payable on demand. Any other fees payable to any Issuing Bank pursuant to this paragraph (b) shall be payable by the respective Borrower for its own account within ten Business Days after demand (accompanied by reasonable back-up
documentation therefor). All participation fees and fronting fees shall be computed on the basis of a year of 365 days and shall be payable for the actual number of days elapsed. All such fees described in this clause (b) shall constitute and
form a part of the reimbursement obligations owed by Borrower in respect of such Letters of Credit. 
 (c) Borrower agrees to
pay the fees set forth in the Fee Letter, payable in the amounts and at the times specified therein or as so otherwise mutually agreed upon by Borrower and the Administrative Agent or the Lenders party thereto or such agency fees as may otherwise be
separately agreed upon by Borrower and the Administrative Agent. 
 (d) All fees payable hereunder shall be paid on the dates
due, in immediately available funds, to the Administrative Agent (or to the applicable Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders. Fees paid shall not be
refundable under any circumstances. 

  
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 Section 2.13 Interest. (a) The Loans comprising each Base Rate
Borrowing (including each Swingline Loan and each Protective Advance) shall bear interest at the Base Rate plus the Applicable Margin. 
 (b) The Loans comprising each LIBOR Borrowing shall bear interest at LIBOR for the Interest Period in effect for such Borrowing plus the Applicable Margin. 

(c) Notwithstanding the foregoing, upon the occurrence and during the continuance of an Event of Default, upon the request of the
Required Lenders and effective thereupon (or automatically in the case of an Event of Default under Section 7.01(h)), all (i) all Loans shall bear interest at a rate of 2.00% plus the rate otherwise applicable to such
Loan as provided in the preceding paragraphs of this Section 2.13, (ii) all unreimbursed LC Disbursements shall bear interest at a rate of 2.00% plus the rate of interest applicable to Base Rate Loans in
accordance with Section 2.06(h) and (iii) all participation fees payable in accordance with Section 2.12(b)(i) shall be increased by 2.00%, in addition to the rate otherwise payable thereunder. In the case of clauses
(ii) and (iii), such amounts shall constitute and form a part of the reimbursement obligations owed by Borrower in respect of such Letters of Credit. 
 (d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and upon termination of the Commitments; provided that (i) interest accrued pursuant
to paragraph (c) of this Section 2.13 shall be payable on written demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of a Base Rate Loan prior to the end of the Availability
Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and (iii) in the event of any conversion of any LIBOR Loan prior to the end of the current Interest Period
therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 
 (e) All interest on Base
Rate Borrowings and LIBOR Borrowings hereunder shall be computed on the basis of a year of 360 days, and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Base Rate or
LIBOR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 

Section 2.14 Alternate Rate of Interest. If prior to the commencement of any Interest Period for a LIBOR Borrowing:

 (a) the Administrative Agent reasonably determines (which determination shall be conclusive absent manifest error) that
adequate and reasonable means do not exist for ascertaining LIBOR for such Interest Period; 
 (b) the Administrative Agent is
advised by the Required Lenders that LIBOR for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period; or 

(c) Dollar deposits are not being offered to banks in the London interbank Eurodollar market for the applicable amount and Interest
Period of such Loan; 
 then the Administrative Agent shall promptly give written notice thereof to Borrower and the Lenders by telephone or
facsimile or “pdf” or other electronic transmission as promptly as practicable thereafter and, until the Administrative Agent notifies Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any
Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a LIBOR Borrowing shall be ineffective and such Borrowing shall be converted to a Base Rate Borrowing on the last day of the Interest
Period applicable thereto, and (ii) unless withdrawn timely in accordance with the terms hereof, if any Borrowing Request requests a LIBOR Borrowing, such Borrowing shall be made as a Base Rate Borrowing. 

  
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 Section 2.15 Increased Costs. (a) If any Change in Law shall:

 (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement against assets of, deposits with or for the account of, or credit extended by or participated in, any Lender (except any such reserve requirement reflected in the LIBOR) or Issuing Bank; 

(ii) impose on any Lender or Issuing Bank or the London interbank market any other condition affecting this Agreement or
LIBOR Loans made by such Lender or any Letter of Credit or participation therein; or 
 (iii) subject any Lender
or Issuing Bank to any Tax with respect to any Loan, Loan Document, Letter of Credit or participation in LC Obligations, or change the basis of taxation of payments to such Lender or Issuing Bank in respect thereof (except for Indemnified Taxes or
Other Taxes covered by Section 2.17 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or Issuing Bank); 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any LIBOR Loan (or of maintaining its obligation to make any such Loan) or to increase the cost
to such Lender or Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise), then,
within 10 Business Days following delivery of the certificate contemplated by paragraph (c) of this Section 2.15, Borrower will pay to such Lender or Issuing Bank, as applicable, such additional amount or amounts as will
compensate such Lender or Issuing Bank, as applicable, for such additional costs incurred or reduction suffered (except for any Taxes, which shall be dealt with exclusively pursuant to Section 2.17). 

(b) If any Lender or Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has or would have the
effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or
participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have
achieved but for such Change in Law other than due to Taxes, which shall be dealt with exclusively pursuant to Section 2.17 (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such
Lender’s or such Issuing Bank’s holding company with respect to capital adequacy and liquidity), then from time to time following delivery of the certificate contemplated by paragraph (c) of this Section 2.15
Borrower will pay to such Lender or such Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such reduction
suffered. 
 (c) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such
Lender or Issuing Bank or its holding company, as applicable, as specified in paragraph (a) or (b) of this Section 2.15 and setting forth in reasonable detail the manner in which such amount or amounts was
determined shall be delivered to Borrower and shall be conclusive absent manifest error. Borrower shall pay such Lender or Issuing Bank, as applicable, the amount shown as due on any such certificate within ten Business Days after receipt thereof.

  
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 (d) Failure or delay on the part of any Lender or Issuing Bank to demand compensation
pursuant to this Section 2.15 shall not constitute a waiver of such Lender's or Issuing Bank's right to demand such compensation; provided, that Borrower shall not be required to compensate a Lender or an Issuing Bank pursuant to
this Section 2.15 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank, as applicable, notifies Borrower of the Change in Law giving rise to such increased costs or
reductions and of such Lender's or Issuing Bank's intention to claim compensation therefor; provided, further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to
above shall be extended to include the period of retroactive effect thereof. 
 Section 2.16 Break Funding Payments.
In the event of (a) the payment of any principal of any LIBOR Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default); (b) the conversion of any LIBOR Loan other than on the
last day of the Interest Period applicable thereto; (c) the failure to borrow, convert, continue or prepay any LIBOR Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under
Section 2.09(d) and is revoked in accordance therewith); or (d) the assignment of any LIBOR Loan other than on the last day of the Interest Period applicable thereto as a result of a request by Borrower pursuant to
Section 2.19, then, in any such event, Borrower shall compensate each Lender promptly upon written request for the loss, cost and expense attributable to such event (including the loss of anticipated profits). In the case of a LIBOR
Loan, such loss, cost or expense to any Lender shall include the amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred,
at LIBOR that would have been applicable to such Loan, for the period from the date of such event to the last day of the then-current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would
have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for
dollar deposits of a comparable amount and period from other banks in the eurodollar market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section 2.16 and the
basis therefor and setting forth in reasonable detail the manner in which such amount or amounts was determined shall be delivered to Borrower and shall be conclusive absent manifest error. Borrower shall pay such Lender the amount shown as due on
any such certificate within ten Business Days after receipt thereof. The Lenders shall not be required to purchase Dollar deposits in any interbank market to fund any LIBOR Loan, but this Section 2.16 shall apply as if each Lender had
purchased such deposits. 
 Section 2.17 Taxes. (a) Any and all payments by or on account of any obligation of
Borrower hereunder shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if Borrower shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then
(i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 2.17) the Administrative Agent, Lender or any Issuing
Bank (as applicable) receives an amount equal to the sum it would have received had no such deductions been made, (ii) Borrower shall make such deductions and (iii) Borrower shall timely pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable law. If at any time Borrower is required by applicable law to make any deduction or withholding from any sum payable hereunder, Borrower shall promptly notify the relevant Lender, Administrative
Agent or Issuing Bank upon becoming aware of the same. In addition, each Lender, the Administrative Agent or Issuing Bank shall promptly notify Borrower or Borrower upon becoming aware of any circumstances as a result of which Borrower is or would
be required to make any deduction or withholding from any sum payable hereunder. 

  
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 (b) In addition, Borrower shall pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law. 
 (c) Borrower shall indemnify the Administrative Agent, each Lender and each
Issuing Bank, within ten Business Days after written demand therefor (including documentation reasonably supporting such request), for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or such
Issuing Bank, as applicable, on or with respect to any payment by or on account of any obligation of Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this
Section 2.17) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto (excluding penalties, interest and reasonable expenses arising from the failure to pay the Indemnified Taxes or Other Taxes in a
grossly negligent manner or in a willful disregard of the law), whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. Upon Borrower's reasonable written request,
the Administrative Agent, each Lender and each Issuing Bank shall reasonably cooperate with Borrower in seeking a refund of Indemnified Taxes or Other Taxes; provided that such cooperation shall not be required if, in the Administrative
Agent's or such Lender's or Issuing Bank's sole discretion, it would subject such Administrative Agent, Lender or Issuing Bank to any unreimbursed cost or expense or otherwise be disadvantageous to the Administrative Agent, Lender or Issuing Bank in
any way. A certificate as to the amount of such payment or liability delivered to Borrower by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent
manifest error. 
 (d) Promptly after any payment of Indemnified Taxes or Other Taxes by Borrower to a Governmental Authority,
Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent. 
 (e) Any Non-U.S. Lender that is entitled to an exemption from or reduction of
withholding tax under the law of the jurisdiction in which Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver to Borrower (with a copy to the Administrative Agent),
at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by applicable law or reasonably requested by Borrower as will permit such payments to be made without withholding or at a reduced rate.
In particular, on or prior to the date which is ten Business Days after the Closing Date, each Non-U.S. Lender shall deliver to Borrower (with a copy to the Administrative Agent) two duly signed, properly completed copies of either IRS Form W-8BEN
or any successor thereto (relating to such Non-U.S. Lender and entitling it to an exemption from, or reduction of, United States withholding tax on all payments to be made to such Non-U.S. Lender by Borrower pursuant to this Agreement or any other
Loan Document) or IRS Form W-8ECI or W-8IMY (together with any attachments) or any successor thereto (relating to all payments to be made to such Non-U.S. Lender by Borrower pursuant to this Agreement or any other Loan Document) or such other
evidence reasonably satisfactory to Borrower and the Administrative Agent that such Non-U.S. Lender is entitled to an exemption from, or reduction of, United States withholding tax, including any exemption pursuant to Section 871(h) or 881(c)
of the Code, and in the case of a Non-U.S. Lender claiming such an exemption under Section 881(c) of the Code, a certificate that establishes in writing to Borrower and the Administrative Agent that such Non-U.S. Lender is not (i) a "bank"
as referenced in Section 881(c)(3)(A) of the Code, (ii) a 10-percent shareholder within the meaning of Section 881(c)(3)(B) of the Code, or (iii) a controlled foreign corporation related to Borrower within the meaning of
Section 881(c)(3)(C) of the Code. Thereafter and from time to time, each such Non-U.S. Lender shall (A) promptly submit to Borrower (with a copy to the Administrative Agent) such additional duly completed and signed copies of one or more
of such forms or certificates (or such 

  
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 successor forms or certificates as shall be adopted from time to time by the relevant United States
taxing authorities) as may then be available under then-current United States Laws and regulations to avoid, or such evidence as is reasonably satisfactory to Borrower and the Administrative Agent of any available exemption from, or reduction of,
United States withholding taxes in respect of all payments to be made to such Non-U.S. Lender by Borrower pursuant to this Agreement, or any other Loan Document, in each case, (1) on or before the date that any such form, certificate or other
evidence expires or becomes obsolete, (2) after the occurrence of any event requiring a change in the most recent form, certificate or evidence previously delivered by it to Borrower and (3) from time to time thereafter if reasonably
requested by Borrower or the Administrative Agent, and (B) promptly notify Borrower and the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction. 

(f) Each Lender, the Administrative Agent or Issuing Bank that is a “United States person” within the meaning of
Section 7701(a)(30) of the Code, agrees to complete and deliver to Borrower a statement signed by an authorized signatory of the Lender to the effect that it is a United States person together with a duly completed and executed copy of Internal
Revenue Service Form W-9 or successor form. 
 (g) If a payment made by Borrower hereunder or under any other Loan Document
would be subject to United States federal withholding tax imposed by FATCA if any Lender, Administrative Agent or Issuing Bank fails to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or
1472(b) of the Code, as applicable), such Lender, Administrative Agent or Issuing Bank shall use commercially reasonable efforts to deliver to Borrower documentation, at the time or times prescribed by law and at such time or times reasonably
requested by Borrower, prescribed by the United States Internal Revenue Service (including as prescribed by Section 1471(b)(3)(C)(i) of the Code), including any certification, documentation, information or other reporting necessary to establish
an exemption from withholding under FATCA, and the applicable Lender, Administrative Agent or Issuing Bank shall use commercially reasonable efforts to provide any other documentation reasonably requested by Borrower sufficient for Borrower
(i) to comply with its obligations under FATCA, (ii) to determine that such Lender, Administrative Agent or Issuing Bank has complied with such applicable reporting requirements, and (iii) if necessary, to determine the amount to
deduct and withhold from such payment. 
 (h) If the Administrative Agent or a Lender determines, in good faith in its
reasonable discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by Borrower or with respect to which Borrower has paid additional amounts pursuant to this Section 2.17, it
shall pay over such refund to Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by Borrower under this Section 2.17 with respect to the Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses of the Administrative Agent or such Lender (including any Taxes imposed with respect to such refund) as is determined by the Administrative Agent or such Lender in good faith in its reasonable discretion, and without interest
(other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay as soon as reasonably practicable the
amount paid over to Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such
refund to such Governmental Authority. This Section 2.17 shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems
confidential) to Borrower or any other Person. 

  
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 (i) If Borrower determines in good faith that a reasonable basis exists for contesting
any Indemnified Taxes or Other Taxes for which additional amounts have been paid under this Section 2.17, the relevant Lender, the Administrative Agent or the relevant Issuing Bank shall cooperate with Borrower in challenging such
Indemnified Taxes or Other Taxes, at Borrower's expense, if so requested by Borrower in writing. 
 (j) Each Lender and Issuing
Bank shall promptly notify the Administrative Agent of any change in circumstances that would change any claimed Tax exemption or reduction. Each Lender and Issuing Bank shall indemnify, hold harmless and reimburse (within 10 days after written
demand therefor) the Administrative Agent for any Taxes, losses, claims, liabilities, penalties, interest and expenses (including reasonable attorneys' fees) incurred by or asserted against the Administrative Agent by any Governmental Authority due
to such Lender's or Issuing Bank's failure to deliver, or inaccuracy or deficiency in, any documentation required to be delivered by it pursuant to this Section 2.17. Each Lender and Issuing Bank authorizes the Administrative Agent to
set off any amounts due to the Administrative Agent under this Section 2.17 against any amounts payable to such Lender or Issuing Bank under any Loan Document. 
 Section 2.18 Payments Generally; Allocation of Proceeds; Sharing of Set-offs. (a) Unless otherwise specified, Borrower shall make each payment required to be made by them hereunder (whether of
principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to 1:00 p.m., on the date when due, in immediately available funds, without set-off
or counterclaim. Any amounts received after such time on any date may, in the reasonable discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All
such payments shall be made to the Administrative Agent to the applicable account designated to Borrower by the Administrative Agent, except (i) payments to be made directly to the applicable Issuing Bank or the Swingline Lender as expressly
provided herein, (ii) payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto and (iii) as otherwise set forth herein. The Administrative Agent shall
distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be
extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in Dollars. Any payment required to be made by
the Administrative Agent hereunder shall be deemed to have been made by the time required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating
procedures of the clearing or settlement system used by the Administrative Agent to make such payment. 
 (b) All proceeds of
Collateral received by the Administrative Agent after an Event of Default has occurred and is continuing, if the Required Lenders direct that such proceeds be applied to repayment and all proceeds of Collateral received by the Administrative Agent
after the Loans have become due and payable pursuant to Article VII or on or after the Maturity Date, shall, in each case, be applied as follows, first, to, ratably, pay any fees, indemnities, or expense reimbursements then due
to the Administrative Agent or any Issuing Bank from Borrower (other than in connection with Banking Services) under the Loan Documents; second, to pay interest due and payable in respect of any Revolving Loans, Swingline Loans and any
Protective Advances (to the extent made in accordance with the terms herein), ratably; third, to pay the principal of the Protective Advances (to the extent made in accordance with the terms herein); fourth, to pay
principal on the Loans (other than the Protective Advances) and to prepay unreimbursed LC Disbursements, ratably and then in the amount necessary to Cash Collateralize the LC Exposure, ratably; fifth, to pay any Banking Services
Obligations then due with respect to Banking Services to the extent they constitute Secured Obligations; sixth, to the payment of any other Secured 

  
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 Obligation then due and owing to the Administrative Agent or any Lender by Borrower; and
seventh, to Borrower or as Borrower shall direct and if Borrower was required to Cash Collateralize any Letters of Credit as a result of the occurrence and continuance of an Event of Default, after such Event of Default has been cured
or waived, all amounts in the LC Collateral Account shall be returned to Borrower in accordance with the last sentence of Section 2.06(j). 
 (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or participations in LC
Disbursements, Swingline Loans or Protective Advances resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and participations in LC Disbursements, Swingline Loans or Protective Advances and accrued
interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans and participations in LC Disbursements, Swingline Loans and
Protective Advances of other Lenders at such time outstanding to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on
their respective Loans and participations in LC Disbursements, Swingline Loans and Protective Advances; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered,
such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph (c) shall not be construed to apply to any payment made by Borrower
pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements, Swingline Loans
or Protective Advances to any assignee or participant, other than to Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph (c) shall apply). Borrower consents to the foregoing and agrees, to the
extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against Borrower rights of set-off and counterclaim with respect to such participation as fully as if
such Lender were a direct creditor of Borrower in the amount of such participation. Notwithstanding the foregoing, if a Defaulting Lender obtains payment or reduction of any Obligation, it shall immediately turn over the amount thereof to the
Administrative Agent for application under Section 2.23 and it shall provide a written statement to the Administrative Agent and Borrower describing the Obligation affected by such payment or reduction. 

(d) Unless the Administrative Agent shall have received notice from Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or for the account of the applicable Issuing Bank hereunder that Borrower will not make such payment, the Administrative Agent may assume that Borrower has made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the applicable Issuing Bank, as applicable, the amount due. In such event, if Borrower has not in fact made such payment, then each of the Lenders or the
applicable Issuing Bank, as applicable, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is
distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. 
 (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Sections 2.04(b), 2.05(b), 2.06(d) or (e), 2.07(b), 2.18(d) or 9.03, then (i) the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any
amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender's obligations under such Sections until all such unsatisfied obligations are fully paid and (ii) such amount shall bear
interest from the due date until paid at the rate determined by the Administrative Agent as 

  
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 customary in the banking industry for interbank compensation. In no event shall Borrower be entitled to
receive credit for any interest paid by a Lender to the Administrative Agent, nor shall any Defaulting Lender be entitled to interest on any amounts held by the Administrative Agent pursuant to Section 2.23. If the Administrative Agent
pays any amount to a Lender in the expectation that a related payment will be received by the Administrative Agent from Borrower and such related payment is not received, then the Administrative Agent may recover such amount from each Lender that
received it. If the Administrative Agent determines at any time that an amount received under any Loan Document must be returned to Borrower or paid to any other Person pursuant to applicable law or otherwise, then, notwithstanding any other term of
any Loan Document, the Administrative Agent shall not be required to distribute such amount to any Lender. If any amounts received and applied by the Administrative Agent to any Facility Obligations are later required to be returned by the
Administrative Agent pursuant to applicable law, each Lender shall pay to the Administrative Agent, on demand, such Lender's pro rata share of the amounts required to be returned. 

Section 2.19 Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under
Section 2.15, or if Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to
designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as applicable, in the future and (ii) would not subject such Lender to any material unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender in any material respect; provided, however, that Borrower shall not be liable for such costs and expenses of a Lender requesting compensation if (i) such Lender becomes a party to this Agreement on a date
after the Closing Date and (ii) the relevant Change in Law occurs on a date prior to the date such Lender becomes a party hereto. Borrower hereby agrees to pay all reasonable costs and out-of-pocket expenses incurred by any Lender in connection
with any such designation or assignment promptly after written demand (which includes documentation reasonably supporting such request). A certificate setting forth such costs and expenses shall be submitted by such Lender to Borrower, which shall
be presumptive evidence thereof, absent manifest error. 
 (b) If any Lender requests compensation under
Section 2.15, or if Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17, or is a Defaulting Lender, then Borrower may, at its
sole expense and effort, upon notice to such Lender and the Administrative Agent, replace such Lender by requiring such Lender to assign and delegate (and such Lender shall be obligated to assign and delegate), without recourse (in accordance with
and subject to the restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (i) Borrower shall have received the prior written consent of the Administrative Agent and each Issuing Bank, which consent in each case shall not unreasonably be withheld, delayed or conditioned,
(ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Revolving Loans and participations in LC Disbursements, Swingline Loans and Protective Advances, accrued interest thereon, accrued fees and all
other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or Borrower (in the case of all other amounts), and (iii) in the case of any such assignment resulting from a
claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such assignment will result in a reduction in such compensation or payments. A Lender (other than a Defaulting Lender) shall
not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling Borrower to require such assignment and delegation cease to apply. Nothing in this
Section 2.19 shall be deemed to prejudice any rights that Borrower may have against any Lender that is a Defaulting Lender. 

  
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 Section 2.20 Illegality. If any Lender reasonably determines that any Change
in Law has made it unlawful, or that any Governmental Authority has asserted after the Closing Date that it is unlawful, for such Lender or its applicable lending office to make or maintain any LIBOR Loans, or to determine or charge interest rates
based on LIBOR, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to Borrower
through the Administrative Agent, any obligations of such Lender to make or continue LIBOR Loans or to convert Base Rate Borrowings to LIBOR Borrowings shall be suspended until such Lender notifies the Administrative Agent and Borrower that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, Borrower shall upon demand from such Lender (with a copy to the Administrative Agent), either convert all LIBOR Borrowings of such Lender to Base Rate
Borrowings, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBOR Borrowings to such day, or immediately, if such Lender may not lawfully continue to maintain such Loans. Upon any such
prepayment or conversion, Borrower shall also pay accrued interest on the amount so prepaid or converted. Each Lender agrees to designate a different lending office if such designation will avoid the need for such notice and will not, in the
determination of such Lender, otherwise be disadvantageous to it. 
 Section 2.21 Reserves; Change in Reserves. The
Administrative Agent may at any time and from time to time in the exercise of its Permitted Discretion establish, increase or decrease Reserves; provided that the Administrative Agent shall have provided Borrower at least five Business Days'
prior written notice of any such establishment or increase. The amount of any Reserve established by the Administrative Agent shall have a reasonable relationship to the event, condition or other matter that is the basis for the Reserve. Upon
delivery of such notice, the Administrative Agent shall be available to discuss the proposed Reserve or increase, and Borrower may take such action as may be required so that the event, condition or matter that is the basis for such Reserve or
increase no longer exists, in a manner and to the extent reasonably satisfactory to the Administrative Agent in the exercise of their Permitted Discretion. In no event shall such notice and opportunity limit the right of the Administrative Agent to
establish or change such Reserve, unless the Administrative Agent shall have determined in its Permitted Discretion that the event, condition or other matter that is the basis for such new Reserve or such change no longer exists or has otherwise
been adequately addressed by Borrower. Notwithstanding anything herein to the contrary, Reserves shall not duplicate eligibility criteria contained in the definition of "Eligible Parts Inventory" and vice versa, or reserves or criteria
deducted in computing the cost or market value of Eligible Parts Inventory or the Net Orderly Liquidation Value of Eligible Parts Inventory and vice versa. 
 Section 2.22 [Reserved]. 
 Section 2.23 Defaulting Lender.

 (a) For purposes of determining the Lenders' obligations to fund or participate in Loans or Letters of Credit, the
Administrative Agent may exclude the Commitments and Loans of any Defaulting Lender(s) from the calculation of a Lender's Applicable Percentage. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan
Document, except as provided in clauses (A), (B) and (C) of the proviso in Section 9.02(b). 

  
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 (b) The Administrative Agent may, in its discretion, receive and retain any amounts
payable to a Defaulting Lender under the Loan Documents, and a Defaulting Lender shall be deemed to have assigned to the Administrative Agent such amounts until all Obligations owing to the Administrative Agent, non-Defaulting Lenders and other
Secured Parties have been paid in full. The Administrative Agent may apply such amounts to the Defaulting Lender's defaulted obligations, use the funds to Cash Collateralize such Lender's Fronting Exposure, or readvance the amounts to Borrower
hereunder. A Lender shall not be entitled to receive any fees accruing hereunder during the period in which it is a Defaulting Lender, and the unfunded portion of its Commitment shall be disregarded for purposes of calculating the Commitment Fee
under Section 2.12(a). If any Obligations under any Letters of Credit owing to a Defaulted Lender are reallocated to other Lenders, fees attributable to Obligations under Section 2.12(b) shall be paid to such Lenders. The
Administrative Agent shall be paid all fees attributable to Obligations under Letters of Credit that are not reallocated. 
 (c)
Borrower, the Administrative Agent and each Issuing Bank may agree in writing that a Lender is no longer a Defaulting Lender. At such time, the Applicable Percentage shall be recalculated without exclusion of such Lender's Commitments and Loans, and
all outstanding Loans, Letters of Credit and other exposures under the Commitments shall be reallocated among the Lenders and settled by the Administrative Agent (with appropriate payments by the reinstated Lender) in accordance with the
recalculated Applicable Percentage. Unless expressly agreed by Borrower, the Administrative Agent and the applicable Issuing Banks, no reinstatement of a Defaulting Lender shall constitute a waiver or release of claims against such Lender. The
failure of any Lender to fund a Loan, to make a payment in respect of Obligations under Letters of Credit or otherwise to perform its obligations hereunder shall not relieve any other Lender of its obligations, and no Lender shall be responsible for
default by another Lender. 
 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES  
 Borrower hereby represents and
warrants as follows: 
 Section 3.01 Organization. Borrower (a) is a corporation duly organized, validly existing
and in good standing under the laws of the jurisdiction of its formation, (b) is duly qualified and in good standing as a foreign corporation or company in each other jurisdiction in which it owns or leases property or in which the conduct of
its business requires it to so qualify or be licensed except where the failure to so qualify or be licensed would not be reasonably likely to have a Material Adverse Effect, and (c) has all requisite corporate power and authority to enter into
the Loan Documents to which it is a party. 
 Section 3.02 Borrower Information; Subsidiaries. Set forth on
Schedule 3.02 hereto is a complete and accurate list of (a) Borrower and all Subsidiaries of Borrower as of the date hereof, showing as of the date hereof the jurisdiction of Borrower’s incorporation or formation, the address
of Borrower’s principal place of business and Borrower’s taxpayer and/or corporate identification number and (b) all Restricted Subsidiaries as of the date hereof. 

Section 3.03 Powers. The execution, delivery and performance by Borrower of each Loan Document to which it is or is to be a party
is within Borrower's corporate powers, have been duly authorized by all necessary corporate action, and do not (a) contravene Borrower's charter or bylaws, (b) violate any law, rule, regulation (including, without limitation,
Regulation X of the Board), order, writ, judgment, injunction, decree, determination or award binding upon Borrower, (c) conflict with or result in the breach of, or constitute a default or require any payment to be made under, any
contract, loan agreement, indenture, mortgage, deed of trust, lease or other instrument binding on Borrower or any of Borrower's properties except, in the case of performance by Borrower, to the extent that such conflict or breach would not be
reasonably expected to result in a Material Adverse Effect, or (d) result in or require 

  
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 the creation or imposition of any Lien upon or with respect to any of the properties of Borrower. As of
the date hereof, Borrower is not in violation of any such law (including any Anti-Terrorism Laws), rule, regulation, order, writ, judgment, injunction, decree, determination or award or in breach of any such contract, loan agreement, indenture,
mortgage, deed of trust, lease or other instrument, the violation or breach of which (other than the violation or breach of any Anti-Terrorism Law) would be reasonably likely to have a Material Adverse Effect. 

Section 3.04 Governmental Authorization. No Governmental Authorization, and no notice to or filing with, any Governmental
Authority is required for (a) the due execution, delivery, recordation, registration, filing or performance by Borrower of any Loan Document to which it is or is to be a party, or (b) the exercise by the Administrative Agent or any Lender
of its rights under the Loan Documents, except for (i) authorizations, approvals, actions, notices, registrations and filings which have been duly obtained, taken, given or made and are in full force and effect, (ii) routine renewals of
existing licenses and permits of Borrower and its Subsidiaries in the ordinary course of business, (iii) authorizations, approvals, actions, notices, registrations and filings to perfect Liens on the Collateral and (iv) and such filings as
may be required under federal and state securities laws for purposes of disclosure. 
 Section 3.05 Due Execution. This
Agreement has been, and each other Loan Document will have been, duly executed and delivered by Borrower. This Agreement is, and each other Loan Document when delivered hereunder will be, the legal, valid and binding obligation of Borrower,
enforceable against Borrower in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of
whether considered in a proceeding in equity or at law. 
 Section 3.06 No Action, Suit, Etc. There is no action, suit,
investigation, litigation or proceeding against Borrower, including any Environmental Action, pending or threatened in writing before any Governmental Authority or arbitrator that (i) would be reasonably likely to have a Material Adverse Effect
or (ii) purports to affect the legality, validity or enforceability of any Loan Document. 
 Section 3.07 No Material
Adverse Change. There has been no Material Adverse Change since October 31, 2011. 
 Section 3.08 Consolidated
Financials. 
 (a) The audited consolidated financial statements of Navistar International and its consolidated Subsidiaries
dated October 31, 2011 and any additional audited financial statements delivered pursuant to Section 5.01 (i) were prepared in accordance with GAAP consistently applied, except as otherwise expressly noted therein; and
(ii) fairly present in all material respects the financial condition of Navistar International and its consolidated Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP
consistently applied, except as otherwise expressly noted therein. 
 (b) The unaudited consolidated balance sheets of Navistar
International and its consolidated Subsidiaries dated April 30, 2012 and the related consolidated statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date and any additional
unaudited financial statements delivered pursuant to Section 5.01 (i) were prepared in accordance with GAAP consistently applied, except as otherwise expressly noted therein, and (ii) fairly present in all material respects the
financial condition of Navistar International and its consolidated Subsidiaries as of the date thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of
footnotes and to normal year-end audit adjustments. 

  
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 Section 3.09 Information. No written information, exhibit or report (other than
the projections, budgets, estimates, forward-looking information and general market data) about Borrower or its Subsidiaries prepared by or on behalf of Borrower and furnished by or on behalf of Borrower to the Administrative Agent or any Lender in
connection with the negotiation and syndication of the Loan Documents or pursuant to the terms of the Loan Documents contained, when furnished and taken as a whole, any untrue statement of a material fact or omitted to state a material fact
necessary to make the statements made therein not materially misleading in light of the circumstances under which such statements were made. 
 Section 3.10 Margin Regulations. Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying Margin Stock, and no proceeds of any Loan will be used to
purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. 

Section 3.11 Investment Company Act. Borrower is not required to be registered as an “investment company,” or an
“affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company,” as such terms are defined in the Investment Company Act of 1940, as amended. Neither the making of any Loans, nor
the application of the proceeds or repayment thereof by Borrower, nor the consummation of the other transactions contemplated by the Loan Documents, will violate any provision of such Act or any rule, regulation or order of the Securities and
Exchange Commission thereunder. 
 Section 3.12 Solvency. (a) Immediately after the consummation of the Transactions
to occur on the Closing Date and immediately following the making of each Loan and after giving effect to the application of the proceeds of each Loan and the issuance, renewal or extension of each Letter of Credit, (i) the fair value of the
assets of Borrower at a fair valuation and on a going concern basis, will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of Borrower; (ii) the present fair saleable value of the property of Borrower (on a going
concern basis) will be greater than the amount that will be required to pay the probable liability of Borrower, on its debts and other liabilities, direct, subordinated, contingent or otherwise, as such debts and other liabilities become absolute
and matured; (iii) Borrower will be able to pay its debts and liabilities, direct, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (iv) Borrower will not have unreasonably small capital
with which to conduct the businesses in which it is engaged as such businesses are now conducted and are proposed to be conducted following the Closing Date. The amount of contingent liabilities at any time shall be computed as the amount that, in
light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 (b) Borrower does not intend to incur debts beyond its ability to pay such debts as they mature, taking into account the timing and amounts of cash to be received by Borrower and the timing and amounts of
cash to be payable by Borrower on or in respect of its Debt. 
 Section 3.13 ERISA. 

(a) Each Plan of Borrower is in compliance in all material respects with the applicable provisions of ERISA, the Code, and other federal
and state laws, except where the failure to comply could not reasonably be expected to have a Material Adverse Effect. Each Plan that is intended to qualify under Section 401(a) of the Code has received an opinion or favorable determination
letter from the IRS and, nothing has occurred since the date of such letter that could reasonably be expected to result in the loss of, such qualification. Borrower and ERISA Affiliate has made all required contributions to each Plan subject to
Section 412 of the Code, and no application for a funding waiver or (except as required by law) an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 

  
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 (b) There are no pending or, to the knowledge of Borrower, threatened claims, actions
or lawsuits by any Governmental Authority, with respect to any Plan of Borrower that could reasonably be expected to have a Material Adverse Effect. No ERISA Event has occurred or is reasonably expected to occur which could reasonably be expected to
have a Material Adverse Effect. Neither Borrower nor any ERISA Affiliate has (i) incurred, or reasonably expects to incur, any liability under Title IV of ERISA (other than premiums due and not delinquent under Section 4007 of ERISA) or
(ii) has engaged in a transaction that could reasonably be expected to be subject to Section 4069 or 4212(c) of ERISA. 
 (c) With respect to any Plan of Borrower (i) neither any Plan nor any trust created thereunder, nor any trustee or administrator thereof, has engaged in a “prohibited transaction,” as such
term is defined in Section 4975 of the Code, which could subject the Plan, any such trust, or any trustee or administrator thereof, or any party dealing with the Plan or any such trust to the tax or penalty on prohibited transactions imposed by
Section 4975 of the Code, and which has had or could reasonably be expected to have a Material Adverse Effect; and (ii) the performance of the transactions contemplated by this Agreement will not involve any such prohibited transaction.

 (d) There have been no “reportable events,” as such term is defined in Section 4043 of ERISA, within the last
five years except for the reportable events that did not and could not reasonably be expected to have a Material Adverse Effect. 
 (e) Neither any Pension Plan of Borrower nor any trusts created thereunder has incurred any “accumulated funding deficiency” (whether or not waived), as such term was defined in Section 302
of ERISA prior to the effective date of the Pension Protection Act of 2006, nor has any Plan or such trust failed to satisfy the minimum funding standards (whether or not waived), as defined in Section 302 of ERISA on and after the effective
date of the Pension Protection Act of 2006 within the last five years, in either case which have had, or could reasonably be expected to have, a Material Adverse Effect. The conditions for imposition of a lien under Section 303 of ERISA do not
exist with respect to any Pension Plan and no Pension Plan has been in violation of the limitations imposed by Section 436 of the Code. 
 (f) Except as could not reasonably be expected to have a Material Adverse Effect, Borrower and any ERISA Affiliate, (i) has fulfilled in all material respects its obligations under the minimum
funding standards of ERISA and the Code with respect to each Plan to which it has any such obligation; and (ii) has not incurred any material and past due liability to the Pension Benefit Guaranty Corporation. Except as could not reasonably be
expected to have a Material Adverse Effect, neither Borrower nor any ERISA Affiliate is required to make or accrue, nor within the last five years has contributed or been obligated to contribute to, a Multiemployer Plan. 

(g) Neither Borrower nor any ERISA Affiliate has incurred or is reasonably expected to incur any Withdrawal Liability. 

(h) Neither Borrower nor any ERISA Affiliate has been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is in
reorganization or has been terminated, within the meaning of Title IV of ERISA, and no such Multiemployer Plan is reasonably expected to be in reorganization or to be terminated, within the meaning of Title IV of ERISA. 

  
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 Section 3.14 Environmental. (a) Except as would not reasonably be expected
to have a Material Adverse Effect, (i) the operations and properties of Borrower comply in all respects with all applicable Environmental Laws and Environmental Permits, (ii) all past non-compliance with such Environmental Laws and
Environmental Permits has been resolved without ongoing obligations or costs, and (iii) no circumstances exist that would be reasonably likely to (x) form the basis of an Environmental Action against Borrower or its properties or
(y) cause any such property to be subject to any restrictions on ownership, occupancy, use or transferability under any Environmental Law. 
 (b) In each case except as would not reasonably be expected to have a Material Adverse Effect: (i) none of the properties currently or formerly owned or operated by Borrower is listed or proposed for
listing on the NPL or on the CERCLIS or any analogous foreign, state or local list or is adjacent to any such property; (ii) there are no and never have been any underground or aboveground storage tanks or any surface impoundments, septic
tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been treated, stored or disposed on any property currently owned or operated by Borrower, to the best of its knowledge, on any property formerly owned or operated by
Borrower; there is no asbestos or asbestos-containing material on any property currently owned or operated by Borrower; and (iii) Hazardous Materials have not been released, discharged or disposed of on any property currently or formerly owned
or operated by Borrower. 
 (c) In each case except as would not reasonably be expected to have a Material Adverse Effect:
(i) Borrower is not undertaking, and has not completed, either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release,
discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any governmental or regulatory authority or the requirements of any Environmental Law; and (ii) all Hazardous
Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by Borrower have been disposed of in a manner not reasonably expected to result in liability to Borrower.

 Section 3.15 Taxes. Borrower has filed, has caused to be filed or has been included in all tax returns (federal and
material state, local and foreign) required to be filed and, except to the extent not required by Section 5.04 has paid all taxes shown thereon to be due, together with applicable interest and penalties. 

Section 3.16 Existing Debt. Set forth on Schedule 3.16 hereto is a complete and accurate list of all Existing Debt of
Borrower outstanding in a principal amount in excess of $50,000,000 (and excluding any intercompany debt as of the date hereof), showing as of the date hereof the obligor and the principal amount outstanding thereunder, the maturity date thereof and
the amortization schedule therefor. 
 Section 3.17 Existing Liens. Set forth on Schedule 3.17 hereto is a
complete and accurate list of all Liens on the property or assets of Borrower securing Debt for Borrowed Money outstanding in a principal amount in excess of $50,000,000 as of the date hereof, showing as of the date hereof the lienholder thereof,
the principal amount of the obligations secured thereby and the property or assets of Borrower subject thereto. 
 Section 3.18
[Reserved]. 
 Section 3.19 Insurance. Schedule 3.19 sets forth a true, complete and correct
description of all property and liability insurance maintained by or on behalf of Borrower as of the Closing Date. As of the Closing Date, all such insurance is in full force and effect and all premiums in

  
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 respect of such insurance have been duly paid to the extent due and owing. Borrower believes that the
insurance maintained by or on behalf of Borrower complies with the requirements of Section 5.09. It is acknowledged and agreed the insurance set forth on Schedule 3.19 satisfies the insurance requirements set forth in the
Loan Documents. 
 Section 3.20 Security Interest in Collateral. The provisions of this Agreement and the other Loan
Documents create legal and valid Liens on all the Collateral of the type in which a security interest can be created under Article 9 of the UCC in favor of the Administrative Agent, for the benefit of the Secured Parties; and upon the proper filing
of UCC financing statements required pursuant to Section 4.01(k) (and payment of any applicable fees), such Liens constitute perfected and continuing Liens on the Collateral (to the extent a security interest in such Collateral and any
proceeds of any item of Collateral can be perfected through the filing of UCC financing statements), securing the Secured Obligations, enforceable against Borrower and all third parties (subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law), and having priority over all other Liens on the Collateral except
in the case of (a) Permitted Liens and similar Liens arising by operation of law which are permitted under Section 6.02(g), to the extent any such Permitted Liens or similar Liens would have priority over the Liens in favor of the
Administrative Agent pursuant to any applicable law, and (b) Liens perfected only by possession, notation or control to the extent the Administrative Agent has not obtained or does not maintain possession, control or notation of such
Collateral; provided, that such possession, control or notation shall only be required to the extent set forth in the Security Agreement. 
 Section 3.21 Sanctioned Persons. None of Navistar International, Borrower, or any Subsidiary thereof, nor, to the knowledge of Borrower, any director, officer, agent, employee or Affiliate of
Navistar International, Borrower or any Subsidiary thereof is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and Borrower will not directly or
indirectly use or otherwise make available the proceeds of the Loans or the Letters of Credit to any Person, for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC. 

Section 3.22 Reserved. 
 Section 3.23 Labor Disputes. Except as would not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes, lockouts or slowdowns against Borrower pending or, to the
knowledge of Borrower, threatened; (b) the hours worked by and payments made to employees of Borrower have not been in violation of the Fair Labor Standards Act or any other applicable federal, state, local or foreign law dealing with such
matters; and (c) all payments due from Borrower on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of Borrower to the extent required by GAAP. Except as would
not reasonably be expected to have a Material Adverse Effect, the consummation of the Transactions will not give rise to a right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which
Navistar International or Borrower (or any predecessor) is a party or by which Navistar International or Borrower (or any predecessor) is bound. 
 Section 3.24 No Defaults. No Default or Event of Default has occurred and is continuing. 
 Section 3.25 Ownership of Property; Liens. Borrower has good record and marketable title in fee simple to, or valid leasehold interests in, all material real property, and good title to or rights
to use material personal property, necessary or used in the ordinary conduct of its business, except for such defects as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 Section 3.26 Status of Debt. None of the execution, performance or existence of
the Term Loan Agreement, the Loan Documents or the incurrence of any Facility Obligations (including, without limitation, the incurrence or existence of Loans and of LC Obligations) or the Term Loan by Borrower nor the incurrence or existence of
Liens to secure the Secured Obligations violates (a) the 2009 Senior Note Indenture, (b) the 2009 Senior Subordinated Convertible Note Indenture, (c) the Recovery Zone Bonds Loan Agreements, (d) the Term Loan Agreement and
(e) any other material Debt for Borrowed Money of, or binding upon, Borrower. 
 ARTICLE IV  

CONDITIONS  
 Section 4.01 Closing Date. The effectiveness of this amendment and restatement of the Existing Senior Credit Agreement, as contemplated hereby, and the obligations of the Lenders to make Loans, and
of any Issuing Bank to issue Letters of Credit hereunder, shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with this Agreement): 

(a) Credit Agreement and Loan Documents. The Administrative Agent (or its counsel) shall have received: 

(i) from each party hereto either (A) a counterpart of this Agreement signed on behalf of such party, or
(B) written evidence reasonably satisfactory to the Administrative Agent (which may include facsimile or electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement; and

 (ii) duly executed copies of the Loan Documents and such other certificates, documents, instruments and
agreements as provided for herein in connection with the transactions contemplated by this Agreement and the other Loan Documents, including any promissory notes requested by a Lender at least three Business Days prior to the Closing Date pursuant
to Section 2.10; 
 (b) Legal Opinions. The Administrative Agent shall have received, on behalf of itself,
the Lenders and each Issuing Bank on the Closing Date (i) a written opinion of Kirkland & Ellis LLP, counsel for Borrower and (ii) a written opinion of general counsel of Borrower, in each case (A) in form and substance
reasonably satisfactory to the Administrative Agent, (B) dated the Closing Date, and (C) addressed to each Issuing Bank, the Administrative Agent and the Lenders. 
 (c) Reserved. 
 (d) Closing Certificates; Certified Certificate of
Incorporation; Good Standing Certificates. The Administrative Agent shall have received: 
 (i) a
certificate of Borrower, dated the Closing Date and executed by its Secretary or Assistant Secretary, which shall (A) certify as to the attached resolutions of its Board of Directors authorizing the execution, delivery and performance of the
Loan Documents to which it is a party, (B) identify by name and title and bear the 

  
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 signatures of the officers of Borrower authorized to sign the Loan Documents, and
(C) contain appropriate attachments, including the certificate or articles of incorporation or organization of Borrower certified by the relevant authority of the jurisdiction of organization of Borrower (which certification shall confirm the
payment of all franchise taxes) and a true and correct copy of its by-laws; and 
 (ii) a copy of a certificate
of the Secretary of State of the jurisdiction of incorporation of Borrower, dated reasonably near the Closing Date, which shall certify Borrower is duly incorporated and in good standing or presently subsisting under the laws of the jurisdiction of
its incorporation or formation. 
 (e) No Default Certificate. The Administrative Agent shall have received a certificate
of Borrower signed on behalf of Borrower by its President or a Senior Vice President or Vice President or Treasurer, dated the Closing Date (the statements made in which certificate shall be true on and as of the Closing Date), certifying as to:

 (i) the absence of any amendments to the charter of Borrower since the date of the certificate referred to in
Section 4.01(d)(ii); 
 (ii) the truth in all material respects of the representations and
warranties contained in the Loan Documents as though made on and as of the Closing Date (except to the extent such representation or warranty expressly relates to an earlier specified date, in which case such representation or warranty was true in
all material respects as of such specified date); 
 (iii) the absence of any Default (including any Default
resulting from the initial Borrowing or issuance of a Letter of Credit); and 
 (iv) the Excess Availability
amount as of the Closing Date (giving effect to all (A) Borrowings to be made, and (B) Letters of Credit to be issued or deemed issued, on such date). 
 (f) Fees. The Administrative Agent shall have received all fees required to be paid by Borrower, and all reasonable out-of-pocket expenses which are reimbursable pursuant to the Loan Documents and
for which invoices have been presented at least one Business Day prior to the Closing Date (including the reasonable documented fees and expenses of legal counsel reimbursable hereunder). 

(g) Lien Searches. The Administrative Agent shall have received the results of recent Lien searches in each of the jurisdictions
contemplated by the Perfection Certificate, and such search shall reveal no Liens on any of the Collateral of Borrower, except for Liens permitted by Section 6.02 or discharged on or prior to the Closing Date pursuant to a pay-off letter
or other documentation reasonably satisfactory to the Administrative Agent. 
 (h) Solvency. The Administrative Agent
shall have received a customary certificate from the chief financial officer or treasurer of Borrower certifying that Borrower, after giving effect to (i) the Transactions contemplated to occur under the Loan Documents and (ii) the
execution and delivery of the Term Loan Documents, the making of the Term Loan thereunder and the application of the proceeds thereof and the granting of the Liens thereunder, in each case on or as of the Closing Date, is solvent (within the meaning
of Section 3.12). 

  
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 (i) Borrowing Base Certificate. The Administrative Agent shall have received
prior to the Closing Date a Borrowing Base Certificate which calculates the Borrowing Base as of the last day of the most recent month ended at least twenty days prior to the Closing Date. 

(j) Closing Minimum Excess Availability. After giving effect to all Borrowings to be made on the Closing Date and the issuance of
any Letters of Credit on the Closing Date, Excess Availability shall be not less than $50,000,000. 
 (k) Perfection
Certificate; Filings, Registrations and Recordings. The Administrative Agent shall have received from Borrower a completed Perfection Certificate, dated the Closing Date and signed by a Responsible Officer of Borrower, together with all
attachments contemplated thereby. Each document (including any UCC financing statement and appropriate UCC-3 financing statements amending and restating the collateral description contained in the UCC-1 financing statement filed in connection with
the Existing Senior Credit Agreement) required by the Collateral Documents or under law or reasonably requested by the Administrative Agent to be filed, registered or recorded in order to create in favor of the Administrative Agent, for the benefit
of the Secured Parties, a perfected Lien on the Collateral described therein, prior and superior in right to any other Person (other than with respect to Liens permitted by Section 6.02), shall be in proper form for filing, registration
or recordation. The Administrative Agent, on behalf of the Secured Parties, shall have a security interest in the Collateral of the type and priority described in the Collateral Documents (subject to Liens permitted by Section 6.02).

 (l) Reserved. 
 (m) Reserved. 
 (n) Insurance. The Administrative Agent shall have
received a customary insurance broker's letter dated on or about the Closing Date, in form and substance reasonably satisfactory to the Administrative Agent, confirming that the insurance carried by Borrower complies with the terms of the Security
Agreement and is reasonable and customary, or other evidence thereof reasonably satisfactory to the Administrative Agent. 
 (o)
Reserved. 
 (p) USA PATRIOT Act. The Administrative Agent shall have received all documentation and other
information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation, the USA PATRIOT Act, such documentation to be received at
least two Business Days prior to the Closing Date to the extent requested at least five Business Days prior to the Closing Date. 
 (q) Reserved. 
 (r) Existing Senior Credit Agreement. On or prior to
the Closing Date, any and all loans, accrued interest and fees and other amounts owing under the Existing Senior Credit Agreement shall be paid and the commitments (other than those continuing hereunder) shall be terminated. 

(s) Approvals. Borrower have received any governmental and material third party consents and approvals required in connection with
the Transactions. 
 (t) Term Loan. The execution and delivery by Borrower, the Term Loan Agents and the Term Loan
Lenders of the Term Loan Agreement, in form and substance reasonably acceptable to Administrative Agent, and Borrower shall have received not less than $750 million in gross proceeds thereunder. 

  
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 (u) Other. The satisfaction (or waiver in accordance with
Section 9.02) of each of the conditions set forth in Section 4.02. 
 The Administrative Agent shall notify Borrower and
the Lenders of the Closing Date, and such notice shall be conclusive and binding. 
 Section 4.02 Each Borrowing.
The obligation of each Lender to make a Loan on the occasion of each Borrowing (including any on the Closing Date), and of any Issuing Bank to issue, amend, renew or extend any Letter of Credit, shall be subject to the further conditions precedent
that on the date of such Borrowing (which term shall, for the purposes of this Section 4.02, include any issuance, amendment (increasing the face amount thereof), renewal, or extension of a Letter of Credit pursuant hereto), and both
immediately before and after giving effect thereto, the following statements shall be true: 
 (a) the Administrative Agent
shall have received, in the case of a Borrowing, a Borrowing Request as required by Section 2.03 or, in the case of the issuance of a Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received a notice
requesting the issuance amendment, renewal or extension of such Letter of Credit as required by Section 2.06(b), in each case such notice or request to a calculation, to be based on the most recently reported Borrowing Base calculation,
establishing the existence of sufficient Excess Availability to make such Borrowing and certifying that, immediately before and immediately after giving effect to any such Borrowing and/or the issuance, amendment (increasing the face amount
thereof), renewal or extension of any Letter of Credit, such Borrowing or issuance, amendment, renewal, or extension (and the incurrence or existence of the Liens created pursuant to the Loan Documents) is permitted under all material Debt of
Borrower (including (i) the 2009 Senior Note Indenture, (ii) the 2009 Senior Subordinated Convertible Note Indenture, (iii) the Recovery Zone Bonds Loan Agreements, (iv) the Term Loan Agreement and (v) any other material
Debt for Borrowed Money of or binding upon Borrower or its properties) and that no default or event of default thereunder would arise as a result of such Borrowing or issuance; 

(b) immediately before and immediately after giving effect to any Borrowing and/or the issuance, amendment (increasing the face amount
thereof), renewal or extension of any Letter of Credit, (i) the representations and warranties of Borrower contained in Section 3.26 are true and correct and (ii) each other representation and warranty of Borrower contained in
each Loan Document shall be correct in all material respects on and as of such date and to the application of the proceeds therefrom, as though made on and as of such date, other than any such representations or warranties that, by their terms,
refer to a specific date other than the date of such Borrowing or issuance, amendment, renewal or extension, in which case as of such specific date; 
 (c) on the Closing Date and immediately before and immediately after giving effect to any Borrowing and/or the issuance, amendment (increasing the face amount thereof), renewal or extension of any Letter
of Credit (i) Excess Availability shall not be less than zero and (ii) US Liquidity shall be greater than $250 million; 
 (d) at the time of and immediately after giving effect to such Borrowing and/or the issuance, amendment (increasing the face amount thereof), renewal or extension of any Letter of Credit (other than an
amendment, extension or renewal of a Letter of Credit without any increase in the Stated Amount of such Letter of Credit), as applicable, no Event of Default or Default shall have occurred and be continuing; 

  
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 (e) by the date of the initial Borrowing or issuance of a Letter of Credit, the
Administrative Agent shall have received a notice setting forth the deposit account of Borrower (the “Funding Account”) to which the Administrative Agent is authorized by Borrower to transfer the proceeds of any
Borrowings requested or authorized pursuant to this Agreement; and 
 (f) Field Examination and Appraisal. 

(i) With respect to the making of any Borrowing hereunder, the Administrative Agent shall have received (A) the
results of a completed field examination performed in connection with the amendment and restatement of this Agreement with respect to the Collateral to be included in calculating the Borrowing Base and of the relevant accounting systems, policies
and procedures of Borrower, and (B) an appraisal of the Net Orderly Liquidation Value of Parts Inventory in form and substance reasonably satisfactory to the Administrative Agent. 

(ii) With respect to the issuance or amendment (increasing the face amount thereof) of Letters of Credit, if, after
giving effect to such issuance or amendment of a Letter of Credit, the LC Exposure would exceed $75,000,000, the Administrative Agent shall have received (A) the results of a completed field examination performed in connection with the
amendment and restatement of this Agreement with respect to the Collateral to be included in calculating the Borrowing Base and of the relevant accounting systems, policies and procedures of Borrower, and (B) an appraisal of the Net Orderly
Liquidation Value of Parts Inventory in form and substance reasonably satisfactory to the Administrative Agent. 
 Each Borrowing and each
issuance, amendment (which increases the face amount of any Letter of Credit), renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by Borrower on the date thereof as to the matters specified in
paragraphs (b) through (e) of this Section 4.02. For avoidance of doubt, each statement above shall be true both immediately before and after giving effect to any Borrowing and/or the issuance of any Letter of
Credit. 
 Section 4.03 Determinations Under Sections 4.01 and 4.02. For purposes of determining compliance
with the conditions specified in Section 4.01 and 4.02, each applicable Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to
or approved by or acceptable or satisfactory to such Lender unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the Closing Date
specifying its objection thereto, and such Lender shall not have made available to the Administrative Agent such Lender’s ratable portion of such Borrowing. 
 ARTICLE V 
 AFFIRMATIVE COVENANTS 

Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees, expenses and other amounts
payable under any Loan Document have been paid in full (other than contingent indemnification obligations) and all Letters of Credit have expired or terminated (or have been Cash Collateralized pursuant to Section 2.09(b) or Backstopped)
and all LC Disbursements shall have been reimbursed, Borrower covenants and agrees with the Administrative Agent and the Lenders that: 

  
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 Section 5.01 Financial Statements; Borrowing Base and Other Information.
Borrower will furnish to the Administrative Agent: 
 (a) within 90 days after the end of each fiscal year of Navistar
International commencing with the fiscal year ended October 31, 2012, a consolidated balance sheet of Navistar International and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or
operations, changes in shareholders' equity, and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, such
consolidated statements to be audited and accompanied by (i) a report and opinion of KPMG, other independent certified public accountant of national recognized standing or other certified public accountants of recognized standing reasonably
acceptable to the Administrative Agent, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any "going concern" or like qualification or exception or any
qualification or exception as to the scope of such audit, (ii) information historically presented in Exhibit 99.1 of Navistar International's 10-K and (iii) a certificate of a Financial Officer of Borrower stating that no Event of Default
has occurred and is continuing or, if an Event of Default has occurred and is continuing, a statement as to the nature thereof and the action that Borrower has taken and proposes to take with respect thereto. 

(b) within 45 days after the end of each of the first three fiscal quarters of each fiscal year of Navistar International, a
consolidated balance sheet of Navistar International and its Subsidiaries as at the end of such fiscal quarter, the related consolidated statements of income or operations for such fiscal quarter and for the portion of Navistar International's
fiscal year then ended, and the related consolidated statements of changes in shareholders' equity and cash flows for the portion of Navistar International's fiscal year then ended, in each case setting forth in comparative form, as
applicable, the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, such consolidated statements to be certificated by a Financial Officer of
Borrower as fairly presenting in all material respects the financial condition, results of operations, shareholder's equity and cash flows of Navistar International and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit
adjustments and the absence of footnotes, together with, in the case of financial statements for any Fiscal Quarter ended on or after the Closing Date, a certificate by a Financial Officer of Borrower stating that no Event of Default has occurred
and is continuing or, if an Event of Default has occurred and is continuing, a statement as to the nature thereof and the action that Borrower has taken and proposes to take with respect thereto; provided, however that, in the event of
any change in generally accepted accounting principles used in the preparation of such financial statements, Borrower shall also provide a reconciliation of such financial statements to GAAP. 
 Notwithstanding the foregoing, (i) in the event that Borrower delivers to the Administrative Agent an annual report for Navistar International and its Subsidiaries on Form 10-K for any fiscal year,
as filed with the SEC, within 90 days after the end of such Fiscal Year, so long as (1) the financial statements therein contain the report and opinion required by clause (a)(i) of this Section 5.01, (2) the financial
statements therein contain the information historically presented in Exhibit 99.1 of Navistar International's 10-K and (3) Borrower separately delivers the certificate required by clause (a)(iii) of this Section 5.01, such
Form 10-K shall satisfy all requirements of paragraph (a) of this Section 5.01 for such Fiscal Year and (ii) in the event that Borrower delivers to the Administrative Agent a quarterly report for Navistar International
and its Subsidiaries on Form 10-Q for any fiscal quarter, as filed with the SEC, within 45 days after the end of such fiscal quarter, so long as (1) the financial statements therein comply with the requirements set forth in paragraph
(b) of this Section 5.01, (2) the financial statements therein contain the information historically presented in Exhibit 99.1 of Navistar International's 10-K and (3) Borrower separately delivers the certificate and
certifications required by paragraph (b) of this Section 5.01, such Form 10-Q shall satisfy all requirements of paragraph (b)(i) of this Section 5.01 for such fiscal quarter. 

  
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 (c) Borrowing Base Certificates. As soon as available but in
any event on or prior to the 20th day of each calendar
month (or more frequently as required under this Section 5.01(c), Section 5.02(c), Section 5.13 and the second proviso at the end of Section 6.05 and at other time expressly required by the terms
hereof), deliver to the Administrative Agent (which shall promptly provide copies of the same to the Lenders) a Borrowing Base Certificate, which calculates the Borrowing Base, as of the close of business on the last day of the immediately preceding
calendar month (or in the case of a voluntary delivery of a Borrowing Base Certificate at the election of Borrower, a subsequent date), together with such supporting information in connection therewith as the Administrative Agent may reasonably
request, which may include, without limitation, (i) Parts Inventory reports by category and location, together with a reconciliation to the corresponding Borrowing Base Certificate, (ii) a reasonably detailed calculation of Eligible Parts
Inventory, (iii) a reconciliation of Borrower's Inventory between the amounts shown in Borrower's ledger balance and any Parts Inventory reports delivered pursuant to clause (i) above and (iv) if a Receivables
Trigger Event shall have occurred and be continuing, a reasonably detailed aging of Borrower's Accounts that are subject to an applicable Master Intercompany Agreement; provided that if Excess Availability is less than the greater of
$15,000,000 and 10% of the Commitments at any time, and in such case continuing until such time as Excess Availability is greater than or equal to $15,000,000 and 10% of the Commitments for a period of 30 consecutive days, as certified by Borrower
to the Administrative Agent, Borrower shall deliver a Borrowing Base Certificate and such supporting information on Wednesday of each week (or if Wednesday is not a Business Day, on the next succeeding Business Day), as of the close of business on
the immediately preceding Saturday, together with such other information in respect of the Collateral as the Administrative Agent shall reasonably request; and provided, further, that Borrowing Base Certificates will only be required
to be delivered on a weekly basis to the extent the information required to prepare such certificate is reasonably available in light of Borrower's then current reporting systems and shall be prepared based on a methodology (including
estimates to the extent such Collateral cannot be precisely determined on a weekly basis after Borrower use commercially reasonable efforts to do so) mutually agreed by Borrower and Administrative Agent. 

(d) Perfection Certificates. Deliver to the Administrative Agent as soon as commercially practicable, following the reasonable
request of the Administrative Agent (but not more than once per calendar year) an updated Perfection Certificate reflecting all changes since the last-delivered Perfection Certificate was prepared. 

(e) Reserved. 
 (f) USA PATRIOT Act. Promptly following the Administrative Agent's request therefor, deliver to the Administrative Agent all documentation and other information that the Administrative Agent
reasonably requests on its behalf or on behalf of any Lender in order to comply with its ongoing obligations under applicable "know your customer" and anti-money laundering rules and regulations, including the USA PATRIOT Act and the
Proceeds of Crime Act. 
 (g) ERISA. 

(i) ERISA Events; ERISA Reports. (i) Promptly and in any event within fifteen Business Days after Borrower or
any ERISA Affiliate knows that any ERISA Event has occurred with respect to a Plan which is reasonably expected to result in a Material Adverse Effect, a statement of a Financial Officer of Borrower describing such ERISA Event and the action, if
any, that Borrower or such ERISA Affiliate has taken and proposes to take with respect thereto, and (ii) promptly and in any event within 

  
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fifteen Business Days after the date any records, documents or other information are, or are required to be, furnished to the PBGC with respect to any Plan pursuant to Section 4010 of ERISA,
a copy of such records, documents and information. 
 (ii) Plan Terminations. Promptly and in any event
within fifteen Business Days after receipt thereof by Borrower or any ERISA Affiliate, copies of each written notice from the PBGC stating its intention to terminate any Plan or to have a trustee appointed to administer any Plan. 

(iii) Plan Annual Reports. Promptly upon the request of the Administrative Agent, copies of each Schedule B
(Actuarial Information) to the annual report (Form 5500 Series) with respect to each Plan. 
 (iv)
Multiemployer Plan Notices. Promptly and in any event within fifteen Business Days after receipt thereof by Borrower or any ERISA Affiliate from the sponsor of a Multiemployer Plan, copies of each written notice concerning (A) the
imposition of Withdrawal Liability by any such Multiemployer Plan, (B) the reorganization or termination, within the meaning of Title IV of ERISA, of any such Multiemployer Plan or (C) the amount of liability incurred, or that may be
incurred, by Borrower or any ERISA Affiliate in connection with any event described in clause (A) or (B). 

(h) Creditor Reports. Promptly after the furnishing thereof, copies of any statement or report furnished to any holder of Debt of
Borrower pursuant to the terms of any material indenture, loan or credit or similar agreement (other than administrative notices that could not reasonably be expected to be material to the interests of the Lenders) and not otherwise required to be
furnished to the Lenders pursuant to any other clause of this Section 5.01. 
 (i) Insurance. As soon as
available and in any event within 30 days after the end of each Fiscal Year, deliver to the Administrative Agent a report summarizing the property and liability insurance coverage (specifying type, amount and carrier) in effect for Borrower and
containing such additional information as the Administrative Agent may reasonably specify. 
 (j) Other Information.
Subject to Section 5.06(d), deliver to the Administrative Agent promptly following the Administrative Agent’s request therefor, such other information regarding the operations, business affairs and financial condition of
Navistar International or Borrower, or compliance with the terms of any Loan Document, as the Administrative Agent may reasonably request (on behalf of itself or any Lender). 
 Documents required to be delivered pursuant to this Section 5.01 may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which
Borrower provides the Administrative Agent with a notice that such documents have been posted, or provides the Administrative Agent with a link thereto on Borrower’s or Navistar International’s website on the internet; or
(ii) on which such documents are posted on Borrower’s behalf on IntraLinks/IntraAgency or another relevant internet or intranet website, if any, to which each Lender and the Administrative Agent have
access (whether a commercial, third-party website or whether sponsored by the Administrative Agent). 
 Section 5.02
Notices of Material Events. Borrower will furnish to the Administrative Agent prompt written notice of the following after any Responsible Officer of Borrower obtains knowledge thereof: 

  
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 (a) as soon as possible, but in any event within five Business Days of obtaining such
knowledge, the occurrence of any Event of Default or Default; 
 (b) the filing or commencement of, or any written threat or
notice of intention of any person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority or in arbitration, against Borrower as to which an adverse determination is reasonably
probable and which, if adversely determined, would reasonably be expected to have a Material Adverse Effect; 
 (c) any loss,
damage, or destruction to the Collateral in the amount of $2,500,000 or more per occurrence, whether or not covered by insurance; provided, that if such loss, damage or destruction is in an amount in excess of $5,000,000, Borrower shall
provide (as soon as commercially practicable after the occurrence of the event) to the Administrative Agent an updated Borrowing Base Certificate (with the only updates being with respect to the Collateral so lost, damaged or destroyed and which may
include estimates as to the amount of such loss, damage or destruction); 
 (d) any Environmental Action against, or of any
noncompliance by, Borrower with any Environmental Law or Environmental Permit that would reasonably be expected to have a Material Adverse Effect; 
 (e) as soon as possible, but in any event within two Business Days of obtaining such knowledge, the occurrence of a Receivables Trigger Event; 

(f) any material breach of the terms of, or the occurrence of a default or an event of default under, any Master Intercompany Agreement
to which Borrower is a party, and notice (in reasonable detail) of any written notices delivered thereunder; and 
 (g) any
other development that results in, or would reasonably be expected to result in, a Material Adverse Effect with respect to the Collateral. 

Each notice delivered under this Section 5.02 shall be accompanied by a statement of a Responsible Officer of Borrower setting forth the
details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 5.03 Existence; Conduct of Business. Borrower will, do or cause to be done all things reasonably necessary
(a) to preserve, renew and keep in full force and effect its legal existence and the rights, qualifications, licenses, permits, franchises, governmental authorizations, Intellectual Property rights, licenses and permits (except as such would
otherwise reasonably expire, be abandoned or permitted to lapse in the ordinary course of business), necessary or desirable in the normal conduct of its business except to the extent failure to maintain would not reasonably be expected to result in
a Material Adverse Effect; provided, however, that the foregoing shall not prohibit any merger, consolidation, liquidation, dissolution or disposition permitted under this Agreement; and (b) to maintain all requisite authority to
conduct its business in each jurisdiction in which its business is conducted, except, other than with respect to Borrower’s existence, to the extent such failure to do so would not reasonably be expected to have a Material Adverse Effect.

 Section 5.04 Payment of Taxes. Borrower will pay or discharge all material Tax liabilities, before the same shall
become delinquent or in default, except where (a) (i) the validity or amount thereof is being contested in good faith by appropriate proceedings, and (ii) Borrower has set aside on its books adequate reserves with respect thereto in
accordance with GAAP, or (b) the failure to make payment pending such contest would not reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 5.05 Maintenance of Properties. Borrower will (a) at all times
maintain and preserve all material property necessary to the normal conduct of its business in satisfactory repair, working order and condition, ordinary wear and tear excepted and casualty or condemnation excepted and (b) make, or cause to be
made, all needful and proper repairs, renewals, additions, improvements and replacements to the Collateral as necessary in accordance with prudent industry practice in order that the business carried on in connection therewith, if any, may be
properly conducted at all times, except, in each case, where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

Section 5.06 Books and Records; Inspection Rights; Appraisals; Field Examinations. (a) Borrower will (i) keep
proper books of record and account in accordance with GAAP in which entries full, true and correct in all material respects are made of dealings and transactions in relation to its business and activities and (ii) subject to the limitations in
Section 5.06(b) so long as no Event of Default shall have occurred and be continuing, permit any representatives designated by the Administrative Agent (including employees of the Administrative Agent or any consultants, accountants,
lawyers and appraisers retained by the Administrative Agent), once a year, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, including environmental assessment reports and
Phase I or Phase II studies, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times during normal business hours and at the expense of Borrower; provided, that following
the occurrence of an Event of Default, and so long as such Event of Default shall remain uncured or unwaived, Borrower shall permit any representative designated by the Administrative Agent (including employees of the Administrative Agent or any
consultants, accountants, lawyers and appraisers retained by the Administrative Agent) to conduct visits as described above at any time during normal business hours and on reasonable prior notice as the Administrative Agent may deem reasonable
necessary; provided, further that Borrower shall be given the opportunity to be present during any discussions between the Administrative Agent (or any of their agents) and Borrower’s accountants. 

(b) At reasonable times during normal business hours and upon reasonable prior notice that the Administrative Agent’s request,
independently of or in connection with the visits and inspections provided for in clause (a) above, Borrower will grant access to the Administrative Agent (including employees of the Administrative Agent or any consultants, accountants,
lawyers and appraisers retained by the Administrative Agent) to such Person’s books, records, accounts and Inventory so that the Administrative Agent or an appraiser retained by the Administrative Agent may conduct an appraisal. In addition to,
and not in limitation of, the foregoing, at any time and from time to time the Administrative Agent may conduct (or engage third parties to conduct) field examinations, verifications and evaluations as the Administrative Agent may deem necessary or
appropriate. All such appraisals, field examinations and other verifications and evaluations shall be in form and substance reasonably acceptable to the Administrative Agent and at the sole expense of Borrower; provided that the
Administrative Agent shall provide Borrower with a reasonably detailed accounting of all such expenses and provided, further that (i) absent the existence and continuance of an Event of Default, the Administrative Agent may conduct no
more than two appraisals in any calendar year, (ii) absent the existence and continuance of an Event of Default, the Administrative Agent may conduct no more than one field examination in any calendar year, (iii) if Excess Availability is
or has been less than the greater of (x) 20% of the Commitments and (y) $30,000,000 for three consecutive Business Days and absent the existence and continuance of an Event of Default, the Administrative Agent may conduct as many field
examinations deemed necessary by the Administrative Agent in any calendar year in order to maintain such field examination data current within 180 days, and (iv) if an Event of Default has occurred and is continuing, the Administrative
Agent may 

  
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conduct as many field examinations and as many appraisals in any calendar year as the Administrative Agent may deem necessary. Neither the Administrative Agent nor any Lender shall have any duty
to Borrower to share any results of any inspection, appraisal or report described in clauses (a) and (b) above with Borrower and Borrower acknowledges that all inspections, appraisals and reports are prepared by or for the
Administrative Agent and the Lenders for their purposes, and Borrower shall not be entitled to rely upon them unless otherwise expressly agreed in writing by the Administrative Agent. 

(c) Borrower acknowledges that the Administrative Agent, after exercising their rights of inspection, may prepare and distribute to the
Lenders certain Reports pertaining to Borrower’s assets for internal use by the Administrative Agent and the Lenders, subject to the provisions of Section 9.12. 

(d) Notwithstanding anything to the contrary in this Section 5.06 or Section 5.01(j), neither Borrower nor any of
its Subsidiaries will be required to disclose, permit the inspection, examination or making of extracts, or discussion of, any documents, information or other matter that (i) constitutes non-financial trade secrets or non-financial proprietary
information, (ii) in respect of which disclosure to the Administrative Agent (or any designated representative) is then prohibited by law or any agreement binding on Borrower or such Subsidiary, (iii) is subject to attorney-client or
similar privilege or constitutes attorney work-product or (iv) is subject to confidentiality obligations owed to a third party. 
 Section 5.07 Compliance with Laws. Borrower will comply in all material respects with all Requirements of Law applicable to it or its property, such compliance to include, without limitation,
compliance with Environmental Laws, compliance with ERISA and other applicable laws relating to Plans, the Racketeer Influenced and Corrupt Organizations Chapter of the Organized Crime Control Act of 1970 and Anti-Terrorism Laws, in each case (other
than Anti-Terrorism Laws) except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect. 
 Section 5.08 Use of Proceeds. The proceeds of the Loans will be used by Borrower only (a) to issue standby or commercial letters of credit (including Letters of Credit issued prior to the
Closing Date), (b) to finance ongoing working capital needs and (c) for other general corporate purposes (including investments and restricted payments to the extent permitted hereunder). No part of the proceeds of any Loan and no Letter
of Credit will be used, whether directly or indirectly, for any purpose that would entail a violation of Regulations T, U or X. 

Section 5.09 Insurance. Borrower will maintain, with financially sound and reputable insurance companies (a) insurance
in such amounts and against such risks, as are customarily maintained by similarly situated companies engaged in the same or similar businesses operating in the same or similar locations and (b) all insurance required pursuant to the Collateral
Documents (and shall cause the Administrative Agent to be listed as a loss payee on property policies covering loss or damage to Collateral and as an additional insured on liability and casualty policies), provided that Borrower may
self-insure as is customary by similarly situated companies engaged in the same or similar businesses operating in the same or similar locations, except that with respect to any Collateral, no Borrower may self-insure above a reasonable and
customary deductible. Borrower will furnish to the Administrative Agent, promptly following request, information in reasonable and customary detail as to the insurance so maintained. 

Section 5.10 Further Assurances. Promptly upon reasonable request, Borrower shall deliver such instruments, assignments, or
other documents or agreements, and shall take such actions, as the Administrative Agent deems appropriate under applicable law to evidence or perfect its Lien on any Collateral, or otherwise to give effect to the intent of this Agreement or any
other Loan Document. 

  
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 Section 5.11 Establishment and Utilization of the Collection Account No
later than 45 days after the Closing Date (or such later time as the Administrative Agent shall agree in its sole discretion), (a) Borrower shall have established concentration accounts for Borrower (the “Collection Account”)
into which (to the extent required under Section 4.5 of the Security Agreement, and except for inadvertent errors) all cash proceeds received from any sale, disposition or collection of any Collateral (including, without limitation, proceeds of
Collateral received in connection with a Permitted Receivables Financing or a Master Intercompany Agreement) shall be deposited within (x) two Business Days of Borrower’s receipt thereof in the case of payments made under a Permitted
Receivables Financing or a Master Intercompany Agreement and (y) three Business Days of Borrower’s receipt thereof in the case of any other payments and (b) Borrower shall deliver with respect to the Collection Account, an account
control agreement and other documentation providing for springing control by the Administrative Agent, all reasonably acceptable to the Administrative Agent. After the establishment of the Collection Account, except for inadvertent errors, no other
funds or proceeds from any property of Borrower other than cash proceeds received from the sale, disposition or collection of any Collateral required to be deposited in the Collection Account under Section 4.5 of the Security Agreement shall be
deposited to or maintained in the Collection Account and, except for inadvertent errors, cash proceeds from any sale, disposition or collection of Collateral may not be commingled with any other funds of Borrower. Borrower hereby agrees that, if an
Event of Default has occurred and is continuing, the Administrative Agent will have exclusive dominion over the Collection Account until all Events of Default have been cured or waived; provided that if such Event of Default resulted from the
aggregate Exposure exceeding the Borrowing Base, such cure or waiver shall be required to be in effect for at least 30 consecutive days unless the overadvance giving rise thereto is refunded, repaid or prepaid by Borrower in accordance with
Section 2.11(b), in which case such cure or waiver shall be effective at the time of such refund, repayment or prepayment. In the absence of an Event of Default, Borrower will be entitled to direct the application of funds in the
Collection Account, including directing the Administrative Agent (or other depository bank, if applicable) to apply funds to the repayment of the outstanding Loans and other amounts payable under the Loan Documents and to otherwise withdraw funds
from the Collection Account. If an Event of Default has occurred and is continuing, (i) the Administrative Agent shall have the right to apply proceeds received into the Collection Account to the outstanding Secured Obligations as provided in
Article V of the Security Agreement and (ii) Borrower shall not be entitled to present items drawn on or otherwise to withdraw or direct the dispositions of funds from the Collection Account nor shall Borrower be entitled to close the
Collection Account until all Secured Obligations (other than contingent indemnification obligations or Banking Services Obligations not then due and owing and Letters of Credit which are Cash Collateralized or Backstopped in accordance with the
terms herein) under this Agreement are paid and performed in full. Notwithstanding any other agreements Borrower may have with any Secured Party, the Administrative Agent shall be entitled, during the continuance of any Event of Default, for
purposes of this Agreement to give instructions as to the withdrawal or disposition of funds from time to time credited to any deposit account with the Administrative Agent (to the extent constituting Collateral) or the Collection Account, or as to
any other matters relating to any of the forgoing without further consent of Borrower. The Administrative Agent's power under this Agreement to give instructions as to the withdrawal or disposition of any funds from time to time credited to the
Collection Account or any other deposit account with the Administrative Agent (to the extent constituting Collateral) or as to any other matters relating to the foregoing includes, without limitation, during an Event of Default, the power to give
stop payment orders for any items being presented to such accounts for payment. Notwithstanding the foregoing provisions of this Section 5.11, irrespective of whether an Event of Default has occurred and is continuing is in effect, if no
Borrowings are outstanding hereunder and either no Letters of Credit are outstanding hereunder or any Letters of Credit which may be outstanding hereunder are Cash Collateralized by 103%, and so long as no Banking Services Obligations are then due
and owing which have not been repaid, Borrower shall be entitled to direct the application of funds in the Collection Account. 

  
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 Notwithstanding anything to the contrary contained herein or any other Loan Documents, ordinary course
adjustments and net settlements may be made to Parts Receivables sold under a Receivables Financing or a Master Intercompany Agreement in conformity with past practice; provided, such adjustments arise directly from adjustments made with
respect to Parts Inventory or Parts Receivables. 
 Section 5.12 Speculative Transactions. In the event that the
mark to market liability of Borrower in respect of any speculative transactions exceeds $5,000,000, Borrower shall promptly close out or unwind such transactions and discharge all liabilities in respect thereof. 

Section 5.13 Compliance with Borrowing Base. Borrower shall conduct any sales, assignments, conveyances, transfers or other
dispositions of Parts Inventory other than in the ordinary course of business in such a manner so as to remain in compliance with the Borrowing Base at all times. In addition, within five Business Days following the consummation of any such
transaction (or such longer period as the Administrative Agent may agree) where the aggregate value of Parts Inventory sold, assigned, conveyed, transferred or otherwise disposed of other than in the ordinary course of business is greater than
$5,000,000, Borrower shall deliver to the Administrative Agent an updated Borrowing Base Certificate reflecting such transaction. 
 Section 5.14 Sales of Parts Inventory and of Parts Receivables. All sales of Parts constituting Collateral shall be separately invoiced by Borrower and, from and after the establishment of the
Collection Account in accordance with Section 5.11, all payments received in connection therewith shall be segregated from all other cash and property of Borrower and shall be deposited into the Collection Account in accordance with
Section 5.11. All sales of Parts Receivables shall be separately documented. 
 Section 5.15 Location of Parts
Inventory. Except for Parts Inventory (x) in transit from a vendor or supplier of the Borrower to a Designated Parts Location or between Designated Parts Locations so long as such Parts Inventory is not commingled with other property of the
Borrower or any other Person and (y) with an aggregate book value not to exceed $15,000,000 at any time, all Parts Inventory shall be located at either: 
 (i) a parts distribution center owned or leased by the Borrower constituting a Designated Parts Location, so long as (A) no Inventory of any other Person is stored at such location and (B) no
Inventory constituting Term Loan Collateral is located at such location (other than Term Loan Collateral that is immaterial in the view of the Inventory of Borrower otherwise held at such location); or 

(ii) at a storage facility, third party processor or third party logistics provider constituting a Designated Parts
Location, so long as once received and stored by such third party (A) the Parts Inventory is segregated from any other property of any other Person, (B) the Parts Inventory is clearly identified at all times as belonging to the Borrower,
(C) in the case of Parts Inventory located at a storage facility, no Inventory constituting Term Loan Collateral is located at such storage facility (other than Term Loan Collateral that is immaterial in the view of the Inventory of Borrower
otherwise held at such location) and (D) in the case of Parts Inventory located at a third party processor or third party logistics provider, such Parts Inventory is not commingled with any other property of the Borrower. 

Borrower shall not dispose of or close any parts distribution center owned or leased by it unless it shall have provided Administrative Agent with ten
days’ prior written notice (or such shorter notice as Administrative Agent may agree). 

  
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 ARTICLE VI 

NEGATIVE COVENANTS 
 Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees, expenses and other amounts payable under any Loan Document have been paid in full (other than
contingent indemnification obligations) and all Letters of Credit have expired or terminated (or have been Cash Collateralized pursuant to Section 2.09(b) or Backstopped) and all LC Disbursements shall have been reimbursed, Borrower
covenants and agrees that Borrower will not, at any time: 
 Section 6.01 Debt. Create, incur, assume or suffer to
exist any Debt, except: 
 (a) Debt created under the Loan Documents; 

(b) Guaranteed Debt of Navistar International in respect of Debt under the 2009 Senior Note Indenture governing the 8.25% Senior Notes
due November 1, 2021 and any refunding, refinancing, restructuring, renewal or replacement, in whole or in part, of such Debt provided that the Refinancing Conditions are satisfied; 

(c) other Existing Debt, and any Debt extending the maturity of, or refunding, replacing, restructuring, renewal or refinancing, in whole
or in part, any Existing Debt; provided, that the Refinancing Conditions are satisfied; 
 (d) Debt secured by Liens
permitted by Section 6.02(d); provided that the aggregate outstanding principal amount of all such Debt, together with the aggregate amount of Capital Lease Obligations permitted under Section 6.01(e), shall not exceed
at any time the greater of (x) $75,000,000 and (y) 2% of the Consolidated Net Tangible Assets at the time of the incurrence thereof; 
 (e) Capital Lease Obligations; provided that the aggregate outstanding principal amount of all such Capital Lease Obligations, together with the aggregate amount of Debt permitted under
Section 6.01(d), shall not exceed at any time the greater of (x) $75,000,000 and (y) 2% of the Consolidated Net Tangible Assets at the time of the incurrence thereof; 

(f) Debt in respect of Hedge Agreements incurred in the ordinary course of business and consistent with prudent business practice;

 (g) intercompany Debt between Borrower and/or a Restricted Subsidiary of Navistar International; 

(h) Subordinated Debt; 
 (i) other Debt not to exceed in the aggregate $100,000,000 at any time outstanding; 
 (j) Guaranteed Debt of Borrower with respect to (x) obligations of NFC under the Receivables Facility and (y) obligations with respect to Navistar International’s financial service
operations in Mexico; provided that the aggregate amount of all such Guaranteed Debt shall not exceed $50,000,000 at any time outstanding; 

  
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 (k) Debt under the Master Intercompany Agreements and the Support Agreement and Debt
arising in connection with the Integrated Global Structuring Transaction; 
 (l) Debt under Permitted Receivables Financings;

 (m) Debt incurred by Borrower constituting reimbursement obligations with respect to letters of credit issued in the ordinary
course of business, including, without limitation, letters of credit in response to worker’s compensation claims or self-insurance; 
 (n) Debt arising from agreements of Borrower providing for adjustment of purchase price, earn-out or other similar obligations, in each case, incurred or assumed in connection with any acquisition
permitted under Section 6.06; 
 (o) obligations in respect of performance and surety bonds and completion
guarantees provided by Borrower in respect of obligations arising in the ordinary course of business and not constituting Debt for Borrowed Money; 
 (p) Debt consisting of notes issued to current or former employees, officers or directors in connection with the redemption or repurchase of Equity Interests held by such Persons in an aggregate amount
not in excess of $10,000,000 at any time outstanding; 
 (q) Debt consisting of take-or-pay obligations contained in supply
agreements entered into by Borrower in the ordinary course of business; 
 (r) Debt in respect of any Sale/Leaseback Transaction
with respect to the purchase of tooling and related manufacturing equipment in the ordinary course of business; 
 (s) (i)
Debt in respect of the Term Loan Documents and (ii) any refunding, refinancing, restructuring, renewal or replacement, in whole or in part, of such Debt; provided that, in the case of any such refunding, refinancing, restructuring,
renewal or replacement, the Refinancing Conditions are satisfied; 
 (t) Reserved; 

(u) Investments to the extent constituting Debt (as defined in clause (i) or (j) in the definition of
“Debt”); 
 (v) Guarantees issued by Borrower in connection with Recovery Zone Bonds; and 

(w) Indebtedness of Borrower arising from the honoring by a bank or other financial institution of a check, draft or similar instrument
inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within five business days after incurrence.

 The accrual of interest and the accretion or amortization of original issue discount on Debt and the payment of interest in
the form of additional Debt originally incurred in accordance with this Section 6.01 will not constitute an incurrence of Debt. 

  
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 Section 6.02 Liens. Create, incur, assume or suffer to exist any Lien on or
with respect to any of its properties of any character (including, without limitation, accounts) whether now owned or hereafter acquired, or assign any accounts or other right to receive income, except: 

(a) Liens created under the Loan Documents; 
 (b) Permitted Liens; 
 (c) Liens existing on the date hereof; 

(d) purchase money Liens upon or in real property or equipment acquired or held by Borrower in the ordinary course of business to secure
the purchase price of such property or equipment or to secure Debt incurred for the purpose of financing the acquisition, construction or improvement of any such property or equipment to be subject to such Liens, or Liens existing on any such
property or equipment at the time of acquisition (other than any such Liens created in contemplation of such acquisition that do not secure the purchase price), or extensions, restructures, renewals or replacements of any of the foregoing for the
same or a lesser amount (plus an amount equal to any accrued interest and fees and expenses and premiums incurred in connection therewith); provided, however, that no such Lien shall extend to or cover any property other
than the property or equipment being acquired, constructed or improved and such improvements and, in each case, any proceeds, accessions and substitutions thereof, and no such extension, renewal or replacement shall extend to or cover any property
not theretofore subject to the Lien being extended, refinanced, restructured, renewed or replaced (other than proceeds, accessions, and substitutions thereof); and provided further that (i) the aggregate principal amount of the Debt
secured by Liens permitted by this clause (d) shall not exceed the amount permitted under Section 6.01(d) at any time outstanding, and (ii) if any real property on which Parts Inventory is stored is mortgaged pursuant to
this clause (d), Borrower shall use commercially reasonable efforts to provide the Administrative Agent with a Collateral Access Agreement (reasonably satisfactory to the Administrative Agent) pertaining to such mortgaged real property;

 (e) Liens arising under Capitalized Leases permitted under Sections 6.01(e) and (s); provided that
no such Lien shall extend to or cover any assets other than the assets subject to such Capitalized Leases (other than proceeds, accessions and substitutions thereof); 
 (f) (i) Liens on property of a Person existing at the time such Person is merged into or consolidated with Borrower; provided that (x) such merger or consolidation is otherwise permitted under
the Loan Documents, and (y) such Liens were not created in contemplation of such merger, consolidation or investment and do not extend to any assets other than those of the Person merged into or consolidated with Borrower and (ii) Liens on
earnest money deposits of cash or Cash Equivalents made by or received by Borrower in connection with any Investment permitted under Section 6.06 or asset disposition permitted under Section 6.05; 

(g) other Liens securing obligations outstanding in an aggregate principal amount not to exceed $50,000,000 at any time; 

(h) the replacement, refinancing, restructuring, extension or renewal of any Lien permitted herein upon or in the same property
theretofore subject thereto or the replacement, extension, refinancing, restructuring or renewal (without increase in the amount (other than by an amount equal to accrued interest and fees and expenses and premiums incurred in connection therewith)
or change in any direct or contingent obligor) of the Debt secured thereby; 

  
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 (i) Liens incurred pursuant to the Master Intercompany Agreements and the Support
Agreement; 
 (j) leases or subleases, licenses, and sublicenses granted to others that do not materially interfere with the
ordinary course of business of Borrower or of any Restricted Subsidiary of Borrower; 
 (k) Liens arising from filing UCC
financing statements regarding leases; 
 (l) Liens arising pursuant to the Term Loan Documents or any Debt otherwise permitted
under Sections 6.01(s) (including any Guarantee by Borrower of any Debt refunding, refinancing, restructuring, renewing or replacing any such Debt); provided that (i) no such Lien shall extend to or cover any Collateral (other
than “Collateral” (as defined in the Term Loan Security Agreement as in effect on the Closing Date)) and (ii) the Collateral Cooperation Agreement shall be in full force and effect and each replacement, extending, refinancing,
restructuring or renewing lender (if any) (or a representative on such lender’s behalf) shall be or become a party thereto; 
 (m) Liens securing Permitted Receivables Financings; and 
 (n) Liens encumbering
customary initial deposits and margin deposits, and other Liens incurred in the ordinary course of business that are within the general parameters customary in the industry, in each case securing Debt under any Hedge Agreements; and 

(o) so long as the Ratings Condition is satisfied, other Liens securing obligations in an amount not exceeding 5% of the Consolidated Net
Tangible Assets as of the time of the incurrence of such Debt and Liens; provided that if any Lien is granted on any owned or leased real property where any Parts Inventory is located, Borrower shall use commercially reasonable efforts to
obtain a Collateral Access Agreement (reasonably satisfactory to the Administrative Agent) with such lienholder and such other documentation as the Administrative Agent may reasonably require. 

Notwithstanding the foregoing, none of the Liens permitted pursuant to this Section 6.02 may at any time attach to any Parts Inventory of
Borrower, any other Collateral, or to any Collection Account or any LC Collateral Account, other than those permitted under clauses (a), (b), (c) and (f) of the definition of “Permitted Liens” and
clause (a), clause (g) and clause (l) of this Section 6.02 (but, in the case of clause (g) of this Section 6.02, only to the extent such Liens arise by operation of law). 

Section 6.03 Change in Nature of Business. Make any material change in the general nature of its business as carried on at
the date hereof; provided, that Borrower may enter into complementary, ancillary or supportive businesses. 

Section 6.04 Mergers, Etc. Merge into or consolidate with any Person or permit any Person to merge into it, except that as
part of any acquisition permitted under Section 6.06, any other Person may merge into or consolidate with Borrower; provided, that (i) the lines of business of the Person to be merged shall be substantially the same lines of
business as the principal businesses of Borrower or any Former Borrower in the ordinary course; and (iii) such Person shall be a United States legal entity with assets domiciled in the United States; provided, further, that (i) the
parties to such merger or consolidation shall, prior to such merger or consolidation, have taken such steps as may be reasonably required by the Administrative Agent to ensure the continued perfection of the Administrative Agent’s security
interest in the Collateral following such merger or consolidation (as well as the perfection of the Administrative Agent’s security interest in any assets previously owned by the other party to such merger or consolidation otherwise
constituting Collateral); and (ii) following Borrower’s merger with any Person 

  
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or such Person’s consolidation into Borrower, any assets owned by such other Person prior to such merger or consolidation shall undergo field exams and an audit by the Administrative Agent
or its designee prior to such additional assets being included in the calculation of the Borrowing Base; provided that if the value of such additional assets is less than or equal to 5% of the Commitments, such additional assets may be
included in the calculation of the Borrowing Base without any additional field exam, audit or appraisal at the Administrative Agent’s discretion; provided, finally that in each case, immediately before and after giving effect
thereto, no Event of Default shall have occurred and be continuing. 
 Section 6.05 Sales, Etc. of Assets. Sell,
lease, transfer or otherwise dispose of any assets, or grant any irrevocable option or other right to purchase, lease or otherwise acquire any assets, except: 
 (a) sales of Inventory in the ordinary course of its business, in compliance with the terms of the Loan Documents, and the granting of any option or other right to purchase, lease or otherwise acquire
Inventory in the ordinary course of its business and in compliance with the terms of the Loan Documents; 
 (b) in a transaction
authorized by Section 6.04; 
 (c) sales, transfers or other dispositions of assets not constituting Collateral (or
the grant of any option or other right to purchase, lease or otherwise acquire such assets) by Borrower to any Former Borrower; 

(d) sales, transfers or other dispositions of assets other than Collateral for consideration consisting of at least 75% cash and for fair
value; 
 (e) sales and proceeds of Receivables (including Parts Receivables) pursuant to any Master Intercompany Agreement or
Permitted Receivables Financing; 
 (f) Sale/Leaseback Transactions with respect to the purchase of tooling and related
manufacturing equipment in the ordinary course of business consistent with past practices; 
 (g) any sale, transfer or other
disposition of defaulted receivables for collection or any sale, transfer or other disposition of property or assets in the ordinary course of business; 
 (h) the grant of any license or sublicense of patents, trademarks, registrations therefor and other similar Intellectual Property in the ordinary course of business consistent with past practices;

 (i) the granting of any Lien (or foreclosure thereon) securing obligations to the extent permitted hereunder; 

(j) any sale, transfer or other disposition expressly permitted by Section 6.06; 

(k) any disposition of assets or property in the ordinary course of business to the extent such property or assets are surplus,
negligible, obsolete, uneconomical, worn-out or no longer useful in Borrower’s business; 
 (l) sales of Inventory
(including Parts Inventory) outside of the ordinary course of business having a fair market value not in excess of $10,000,000 in any Fiscal Year; 

  
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 (m) the disposition of the shares of Navistar Canada, Inc. in connection with the
Integrated Global Structuring Transaction; and 
 (n) so long as the Ratings Condition and the Payment Condition are satisfied
after giving pro forma effect thereto, sales, transfers and other dispositions of assets (other than Collateral); 
 provided,
that any and all net cash proceeds from any sales, transfers, leases and other dispositions of Collateral permitted hereby, which sales, transfers, leases or dispositions of Collateral shall reduce Excess Availability to less than zero, shall,
on the date of receipt of payment for such sales, transfers, leases or dispositions by Borrower, be applied to the repayment of outstanding amounts under and in accordance with Section 2.10(b); provided, further that in
connection with any sale, transfer or other disposition of Collateral outside of the ordinary course of business with an aggregate value greater than $5,000,000, Borrower shall comply with Section 5.13 and provided, further
that any sale, transfer or other disposition of Parts Inventory (x) shall be for cash or made on customary trade terms or (y) shall constitute “help out” sales to Borrower’s manufacturing businesses, Navistar International
or any of Navistar International’s other Subsidiaries consistent with past practices. To the extent any Collateral is sold, transferred or otherwise disposed of as permitted by this Section 6.05, such Collateral shall be sold free
and clear of the Liens created by the Loan Documents, and the Administrative Agent shall be authorized to take any actions deemed appropriate in order to effect or evidence the foregoing. 

Section 6.06 Investments in Other Persons. Make or hold any Investment in any other Person, except: 

(a) Investments outstanding on the date hereof by Borrower in its Subsidiaries and additional Investments (made with assets not
constituting Collateral) in a Former Borrower; 
 (b) loans and advances to employees in the ordinary course of the business of
Borrower as presently conducted in an aggregate principal amount not to exceed $5,000,000 at any time outstanding, and made in compliance with the provisions of the Sarbanes-Oxley Act of 2002; 

(c) Investments by Borrower in cash or Cash Equivalents; 
 (d) Investments existing on the date hereof and any refinancings, extensions, replacements and renewals of such Investments so long as the amount of such refinanced, extended, replaced or renewed
Investment is not increased; 
 (e) the purchase or other acquisition of a business unit, division or all of the Equity
Interests in any other Person that, upon the consummation thereof, will be a wholly owned Subsidiary of Borrower (including, without limitation, as a result of a merger or consolidation) and the purchase or other acquisition by Borrower of all or
substantially all of the property and assets of any other Person; provided that, with respect to each purchase or other acquisition made pursuant to this clause (e): 

(i) the lines of business of the Person to be (or the property and assets of which are to be) so purchased or otherwise
acquired shall be substantially the same lines of business as one or more of the principal businesses of Borrower in the ordinary course; 
 (ii) such purchase or other acquisition shall not include or result in any contingent liabilities that could reasonably be expected to be material to the business, financial condition or operations of
Borrower, taken as a whole (as determined 

  
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in good faith by the board of directors (or the Persons performing similar functions) of Borrower, if the board of directors is otherwise approving such transaction, or, in each other case, by a
Financial Officer of Borrower); 
 (iii) after giving pro forma effect to such purchase or other
acquisition, the Payment Condition shall be satisfied; 
 (iv) [Reserved]; 

(v) [Reserved]; and 
 (vi) any assets owned by such Person or business prior to its acquisition by Borrower shall both (A) undergo field exams, an audit and, in the case of Parts Inventory, an appraisal by the
Administrative Agent or its designee and (B) be subject to the perfected security interest of the Administrative Agent therein, in each case, prior to such assets being included in the calculation of the Borrowing Base; provided that if
the value of such additional assets is less than or equal to 5% of the Commitments, such additional assets may be included in the calculation of the Borrowing Base at the Administrative Agent’s discretion without an updated field exam, audit or
appraisal. 
 (f) Investments in Permitted Joint Ventures so long as at the time of such Investment and after giving effect
thereto, the Payment Condition shall be satisfied; 
 (g) trade receivables and prepaid expenses, in each case arising in the
ordinary course of business; provided, that such receivables and prepaid expenses would be recorded as assets of such Person in accordance with GAAP; 
 (h) Investments received as consideration for asset dispositions permitted pursuant to Section 6.05; 
 (i) Investments for which the sole consideration provided is Equity Interests of Borrower so long as payment of such consideration does not result in a Change of Control; 

(j) Investments in securities of trade creditors, suppliers or customers received pursuant to any plan of reorganization, proposal,
restructuring, workout or similar arrangement of such trade creditor, supplier or customer or upon the compromise of any debt created in the ordinary course of business owing to Borrower or a Subsidiary, whether through litigation, arbitration or
otherwise; 
 (k) other Investments, if at the time of the making thereof and after giving pro forma affect thereto the
Payment Condition is satisfied; provided that if any such Investment involves any purchase or acquisition, the requirements of subclauses (i) through (vi) (other than subclause (iii)) of clause
(e) above shall have been satisfied; 
 (l) Investments in Navistar International or any Restricted Subsidiary of
Navistar International so long as Excess Availability shall be equal or greater than the greater of $21,875,000 and 12.5% of the Commitments; provided that if any such Investment involve any purchase or acquisition, the requirements of
subclause (i) through (vi) (other than subclause (iii)) of clause (e) above shall have been satisfied; 
 (m) other Investments in an amount not to exceed $50,000,000 at any time outstanding; 

  
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 (n) loans or advances to, guarantees in favor of, and other extensions of credit to
customers and suppliers in the ordinary course of business in an aggregate amount not to exceed $25,000,000 at any time outstanding; 
 (o) Guaranteed Debt otherwise permitted under Section 6.01 to the extent constituting an Investment; 
 (p) Guaranteed Debt of Borrower in connection with Recovery Zone Bonds; 
 (q)
Investments pursuant to Master Intercompany Agreements and the Support Agreement; 
 (r) Investments in (or asset dispositions
to) Restricted Subsidiaries of Navistar International so long as any such Investment (or disposition) is part of a series of simultaneous Investments (and/or dispositions) by various Restricted Subsidiaries in other Restricted Subsidiaries
(collectively, an “Investment Series” (with each such Investment in the Investment Series (or disposition) having an equal aggregate amount (or fair market value)) that results in the aggregate proceeds of the initial Investment (or
disposition) being invested in one or more Restricted Subsidiaries that are not Borrower; provided that (x) such Investment Series be completed within three Business Days following the date upon which the first transaction in such
Investment Series occurs, (y) none of the Investments in the Investment Series include a sale or other disposition of the Collateral (except to the extent such Investment is a transfer of cash or Cash Equivalents from a Collection Account and
such transferred cash or Cash Equivalents shall remain subject to a perfected security interest of the Administrative Agent, and the validly, perfection and priority of such security interest shall not be impaired by or in connection with such
transfer) and (z) no more than $25,000,000 of cash or Cash Equivalents may be transferred from the Collection Account in connection with such Investment Series unless the Administrative Agent has received opinions of counsel, satisfactory to
Administrative Agent, that such cash and Cash Equivalents remain subject to a perfected security interest of the Administrative Agent, and the validly, perfection and priority of such security interest shall not be impaired by or in connection with
such transfer; provided, further, that (A) the initial Investment (or disposition) was made by a Restricted Subsidiary and (B) Borrower shall not have made an Investment (or disposition) in an amount in excess of the amount
of proceeds Borrower received by way of an Investment by another Restricted Subsidiary in Borrower (except to the extent any such excess is permitted by, and (if applicable) reduces availability under, Sections 6.06(e), (f),
(h), (k) and (m)); 
 (s) guarantees by Borrower of any Indebtedness under the Term Loan Documents or
any refunding, refinancing, restructuring, renewal or replacement thereof permitted under Section 6.01(s); and 

(t) Investments made or received in connection with the Integrated Global Structuring Transaction. 

For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or
decreases in the value thereof. 
 Section 6.07 Restricted Payments. Declare or pay any dividends, purchase, redeem,
retire, defease or otherwise acquire for value any of its Equity Interests now or hereafter outstanding, return any capital to its stockholders, partners or members (or the equivalent Persons thereof) as such, make any distribution of assets, Equity
Interests, obligations or securities to its stockholders, partners or members (or the equivalent Persons thereof) as such (each a “Restricted Payment”), except that: 

  
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 (a) Borrower (A) may make Restricted Payments (including in respect of
intercompany debt owing by Borrower) payable only in common stock of Borrower, and (B) may make Restricted Payments with the proceeds received contemporaneously from the issue of new shares of its Equity Interests with equal or inferior voting
powers, designations, preferences and rights; 
 (b) so long as the Payment Condition is satisfied after giving pro forma
effect thereto, Borrower may make Restricted Payments; and 
 (c) Borrower may make Restricted Payments to Navistar
International to enable Navistar International to pay (i) Navistar International’s franchise taxes incurred in the ordinary course of business and (ii) federal, state and local income taxes then due and owing that are directly
attributable to (or arising as a result of) Navistar International being required to include in its income for tax purposes the income of Borrower. 
 Section 6.08 Accounting Changes. Make or permit any change in (a) accounting policies or reporting practices, except as required by generally accepted accounting principles, or
(b) its Fiscal Year. 
 Section 6.09 Prepayments, Etc., of Debt. Prepay, redeem, purchase, defease or otherwise
satisfy, in each case, prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Debt, except: (a) the prepayment of the Borrowings and other amounts outstanding in accordance
with the terms of this Agreement, (b) regularly scheduled or required repayments or redemptions of Existing Debt, the Term Loan and other Debt permitted under Section 6.01(s), (c) any prepayments or redemptions of Existing Debt
in connection with a refunding, renewal, replacement, restructuring, refinancing, purchase, defeasement or other satisfaction of such Existing Debt permitted by Section 6.01(c), (d) the repayment, purchase, defeasement or other
satisfaction or prepayment of the amounts under, and in accordance with, documentation with respect to Debt permitted by Section 6.01(b) or Section 6.01(r) on the terms contained therein so long as in the case of any
voluntary prepayment, purchase, redemption or other acquisition for value the Payment Condition is satisfied; provided that nothing herein shall prevent Navistar International from prepaying the Senior Notes with sources of funds other than
from Borrower, (e) the repayment or prepayment of the amounts under, and in accordance with, documentation with respect to Debt permitted by Section 6.01(e) or, so long as no Specified Default or Event of Default or is then
continuing or would result therefrom, Section 6.01(s), (f) the repayment or prepayment of the amounts under, and in accordance with, documentation with respect to Debt permitted by Section 6.01(r), (g) any repayment
or prepayment of Debt under any agreement permitting the reborrowing thereof, (h) any other prepayment or redemption of Debt if at the time the making thereof, and after giving pro forma effect thereto, the Payment Condition is
satisfied, (i) any prepayment, redemption, purchase, defeasement or other satisfaction of Debt owed to Navistar International or any of its Restricted Subsidiaries so long as after giving pro forma effect to such prepayment or
redemption, Excess Availability shall be equal or greater than the greater of $21,875,000 and 12.5% of the Commitments and (j) the repayment or prepayment of Debt with Equity Interests and/or the proceeds of Equity Interests; provided,
however, that this Section 6.09 shall not limit any refinancing of Debt otherwise permitted hereunder so long as (x) the Refinancing Conditions are satisfied with respect to such refinanced Debt, (y) such Debt is
refinanced with other Debt of Navistar International and it Subsidiaries (other than Borrower) or (z) such refinancing Debt is otherwise permitted under Section 6.01. 

Section 6.10 Partnerships, Etc. Become a general partner in any general or limited partnership or joint venture, the sole
assets of which consist of its interest in such partnership or joint venture. 

  
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 Section 6.11 Payment Restrictions Affecting Borrower. Directly or indirectly
enter into or suffer to exist any agreement or arrangement which prohibits or limits the ability of Borrower to create, incur, assume or suffer to exist any Lien in favor of the Lenders in respect of the Facility Obligations or any other Loan
Documents upon any of its property, assets or revenues, whether now owned or hereafter acquired, except (i) the Loan Documents, (ii) any agreement or instrument evidencing Existing Debt or any refinancing, extension, restructuring, renewal
or replacement thereof permitted pursuant of Section 6.01(b) and (c), (iii) the Shy Settlement, (iv) leases, subleases or licenses, sublicenses, service contracts and other contracts restricting the assignment,
subletting or sublicensing thereof, (v) those which arise in connection with any disposition, transfer or sale permitted under Section 6.05 pending the consummation of such disposition, transfer or sale, (vi) any agreement in
effect on the Closing Date as any such agreement is in effect on such date, (vii) the 2009 Senior Note Indenture, 2009 Senior Subordinated Note Indenture, the Term Loan Documents, the Recovery Zone Bonds Loan Agreements, the Master Intercompany
Agreements or the Support Agreement or any notes issued under any of the foregoing, in each case, as in effect on the Closing Date and any agreements amending, modifying, extending, renewing, refinancing, restructuring or replacing such agreements
so long as the prohibitions and limitations in such agreements are not more materially restrictive than those in existence on the date hereof, (viii) restrictions relating to any Lien permitted under Section 6.02 imposed by the
holder of such Lien, (ix) any other agreement governing Debt entered into after the Closing Date that contains prohibitions and limitations that are not materially more restrictive (taken as a whole) with respect to Borrower than those in
effect on the Closing Date with respect to that Borrower pursuant to agreements in effect on the Closing Date, and (x) customary provisions in partnership agreements, limited liability company organizational governance documents, joint venture
agreements and other similar agreements entered into in the ordinary course of business that restrict the payment of dividends from such partnership, limited liability company, joint venture or similar Person. 

Section 6.12 Transactions with Affiliates. Conduct any transactions with an Affiliate otherwise permitted under the Loan Documents
on terms that are not fair and reasonable, and no less favorable to Borrower than such Person would obtain in a comparable arm’s length transaction, other than (a) transactions with Former Borrowers not involving Collateral,
(b) transactions entered into pursuant to the terms of the Master Intercompany Agreements, the Tax Allocation Agreements or the Support Agreement, (c) Restricted Payments to the extent permitted under Section 6.07 and
Investments to the extent permitted under Section 6.06, (d) the Integrated Global Structuring Transaction, (e) reasonable fees and compensation paid to and advances of expenses to and indemnity provided on behalf of officers,
directors, employees or consultants of Borrower, as determined in good faith by Borrower's Board of Directors or senior management; (f) transactions existing on the Closing Date and (g) transactions under the Term Loan Documents;
provided, that all sales of Parts Inventory by Borrower to any Former Borrower permitted under Section 6.05 shall be on terms (including price and credit terms) no less favorable to Borrower than Borrower would obtain in a comparable
arms’-length with a Person not an Affiliate and (g) “help out” sales of Parts Inventory to Navistar International and its Subsidiaries consistent with past practice. 

Section 6.13 Amendment of Material Documents. Amend, modify or waive (a) any of Borrower's rights under any Navistar
International Indenture, any Recovery Zone Bonds Loan Agreement (or any instrument or agreement governing any refinancing Indebtedness in respect thereof permitted under Section 6.01), (b) any Term Loan Documents (or any instrument
or agreement governing any refinancing Indebtedness in respect thereof permitted under Section 6.01(s)), to the extent such amendment, modification or waiver would place restrictions on Borrower providing collateral to secure the
Facilities Obligations or would place restrictions on the payment, repayment or prepayment of any Facility Obligations (other than, in each case, any such restrictions set forth in the Term Loan Agreement as in effect on the date hereof) or
(c) its certificate of incorporation, by-laws, operating, management or partnership agreement or other organizational documents, to the extent, in the case of each of the foregoing clauses (a) or (c), any such amendment,
modification or waiver would be materially adverse to the interests of the Lenders. 

  
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 Section 6.14 Sales of Receivables. Following the occurrence and during the
continuation of a Receivables Trigger Event with respect to a counterparty under any Master Intercompany Agreement, sell or otherwise transfer or assign, any Receivables or other receivables or instruments, to the applicable counterparty under such
Master Intercompany Agreement. 
 Section 6.15 Designation of Designated Senior Debt. Designate any Debt (or any similar
term) (other than the Debt under the 2009 Senior Note Indenture or any Debt under the Term Loan Documents or any refinancing, extension, renewal, restructuring or replacement thereof permitted pursuant to Section 6.01(b) or
Section 6.01(s), respectively and Debt under this Agreement or under the other Loan Documents) of Borrower “Designated Senior Debt” (or any similar term) under, and as defined in any Subordinated Debt of Borrower which contains
such designations. 
 ARTICLE VII 
 EVENTS OF DEFAULT  
 Section 7.01 Events of Default. If any
of the following events (“Events of Default”) shall occur and be continuing: 
 (a) Borrower shall fail to pay
(i) any principal of any Loan or any reimbursement obligation in respect of any unconverted LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by
acceleration thereof or otherwise, or (ii) any interest on any Loan or any fee or any other amount payable under this Agreement or any other Loan Document within five Business Days after it shall become due and payable; or 

(b) any representation or warranty made or deemed made by or on behalf of Borrower herein or in any other Loan Document or the Borrowing
Base Certificate or any other certificate required to be delivered hereunder (including under Article V) or required to be delivered in connection with the other Loan Documents shall prove to have been materially incorrect when made or
deemed made; or 
 (c) Borrower shall fail to observe or perform any covenant, condition, term or agreement contained in
Article VI, or Section 5.02(a), 5.02(b), 5.02(e), 5.03, 5.06, 5.08, 5.09, 5.11, 5.14 or 5.15 of this Agreement or Article IV of the Security Agreement; or

 (d) Borrower shall fail to perform or observe (i) any term, covenant or agreement contained in
Section 5.01(a), (b), (c), (d), (g), (h), (i), or 5.02(c), (d) or (f); or (ii) any other term, covenant or agreement contained in any Loan Document on its part to
be performed or observed if such failure shall remain unremedied for five days (in the case of the foregoing clause (i)) or 30 days (in the case of the foregoing clause (ii)) after the earlier of the date on which (A) any
Responsible Officer of Borrower becomes aware of such failure or (B) written notice thereof shall have been given to Borrower by the Administrative Agent or any Lender; or 

(e) (i) any Collateral Document after delivery thereof pursuant to the terms of the Loan Documents shall for any reason, other
than pursuant to the terms hereunder or thereunder (including as a result of a transaction permitted under Section 6.03, 6.04 or 6.05), fail to create a valid and perfected security interest with the priority required by
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significant portion of the Collateral purported to be covered thereby, except to the extent that any such loss of perfection or priority results from the failure of the Administrative Agent to
maintain possession of certificates actually delivered to it representing securities pledged under the Collateral Documents or from the failure of the Administrative Agent to file UCC continuation statements or (ii) except as otherwise
permitted hereunder, any Collateral Document shall fail to remain in full force or effect or any action shall be taken by Borrower to discontinue or to assert the invalidity or unenforceability of any Collateral Document; or 

(f) any Loan Document, or any material provision therein, at any time after its execution and delivery and for any reason other than as
expressly permitted hereunder or thereunder (including as a result of a transaction permitted under Section 6.03, 6.04 or 6.05) or as a result of the satisfaction in full of the Obligations (other than contingent
indemnification obligations), ceases to be in full force and effect, or Borrower, Navistar International or any of their respective Subsidiaries shall challenge in writing the validity or enforceability of any Loan Document or Borrower, Navistar
International or any of their respective Subsidiaries shall deny in writing that Borrower has any further liability or obligation under any Loan Document (other than as a result of repayment in full of the Obligations (other than contingent
indemnification obligations) and termination of the Commitments) or purports in writing to revoke or rescind any Loan Document; or 
 (g) Navistar International or any of its Subsidiaries shall fail to pay any principal of, premium or interest on or any other amount payable in respect of any Debt for Borrowed Money of Navistar
International, Borrower or such Subsidiary (as the case may be) that is outstanding in a principal amount (or, in the case of any Hedge Agreement, an Agreement Value) of at least $50,000,000 either individually or in the aggregate for Navistar
International and all Subsidiaries when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in
the agreement or instrument relating to such Debt; or any other event shall occur or condition shall exist under any agreement or instrument relating to any such Debt and shall continue after the applicable grace period, if any, specified in such
agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Debt or otherwise to cause, or to permit the holder thereof to cause, such Debt to mature; or any such Debt
shall be declared to be due and payable or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be
required to be made, in each case prior to the stated maturity thereof; or 
 (h) Navistar International or any of its material
Subsidiaries shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or an Insolvency Proceeding shall be
instituted by or against Borrower, Navistar International or any of their respective material Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection,
relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, interim receiver, monitor, liquidator,
trustee or other similar official for it or for any substantial part of its property and, in the case of any such proceeding instituted against it (but not instituted by it) that is being diligently contested by it in good faith, either such
proceeding shall remain undismissed or unstayed for a period of 45 days or any of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against, or the appointment of a receiver, trustee,
custodian or other similar official for, it or any substantial part of its property) shall occur; or Borrower, Navistar International or any of their respective material Subsidiaries shall take any corporate action to authorize any of the actions
set forth above in this clause (h); or 

  
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 (i) any judgments or orders (other than those covered by insurance) either individually
or in the aggregate, for the payment of money in excess of $50,000,000 shall be rendered against Borrower and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order, or (ii) there shall be
any period of 20 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 
 (j) any non-monetary judgment or order shall be rendered against Borrower that could reasonably be expected to have a Material Adverse Effect, and there shall be any period of 20 consecutive days during
which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

(k) any ERISA Event shall have occurred with respect to a Plan which is reasonably expected to result in a Material Adverse Effect; or

 (l) Borrower or any ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan that it has incurred
Withdrawal Liability to such Multiemployer Plan in an amount that, when aggregated with all other amounts required to be paid to Multiemployer Plans by Borrower and the ERISA Affiliates as Withdrawal Liability (determined as of the date of such
notification), exceeds $10,000,000 or requires payments exceeding $2,500,000 per annum; or 
 (m) Borrower or any ERISA
Affiliate shall have been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is in reorganization or is being terminated, within the meaning of Title IV of ERISA, and as a result of such reorganization or termination the
aggregate annual contributions of Borrower and the ERISA Affiliates to all Multiemployer Plans that are then in reorganization or being terminated have been or will be increased over the amounts contributed to such Multiemployer Plans for the plan
years of such Multiemployer Plans immediately preceding the plan year in which such reorganization or termination occurs by an amount exceeding $10,000,000; or 
 (n) a Change of Control shall occur; 
 then, and in any such event, the Administrative Agent shall
at the request of the Required Lenders, by written notice to Borrower, (i) declare the Commitments of each Lender and the obligation of each Lender to make Loans or of any Issuing Bank to issue a Letter of Credit to be terminated, whereupon the
same shall forthwith terminate; (ii) declare the Loans, all interest thereon and all other amounts payable by Borrower under this Agreement and the other Loan Documents to be forthwith due and payable, whereupon the Loans, all such interest and
all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by each of Borrower; and (iii) require that Borrower deposit in the LC
Collateral Account an amount in cash equal to 103% of the then-outstanding LC Exposure; provided, however, that, upon the occurrence of an event with respect to Borrower described in Section 7.01(h), (x) the
Commitments of each Lender and the obligation of each Lender to make Loans and of any Issuing Bank to issue Letters of Credit shall automatically be terminated and (y) the principal of the Loans then outstanding, all such interest and all such
amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by Borrower, and the obligation of Borrower to Cash Collateralize the outstanding
Letters of Credit as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and
at the request of the Required Lenders shall, exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC. 

  
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 ARTICLE VIII 

THE ADMINISTRATIVE AGENT  
 Section 8.01 The Administrative Agent. 
 (a) Each Secured Party and each
Issuing Bank hereby irrevocably appoints and designates the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on its behalf, including execution of the other Loan Documents (including the Collateral
Cooperation Agreement and any amendments, supplements or other modifications of Collateral Cooperation Agreement that the Borrower may from time to time request in connection with the amendment, extension, renewal, refinancing or replacement of the
Term Loan Agreement, to give effect to any such amendment, extension, renewal, refinancing or replacement) and acting as agent for purposes of perfection, and to exercise such powers as are delegated to the Administrative Agent by the terms of the
Loan Documents, together with such actions and powers as are reasonably incidental thereto. Each Secured Party and each Issuing Bank agrees that any action taken by the Administrative Agent or the Required Lenders in accordance with the provisions
of the Loan Documents, and the exercise by the Administrative Agent or Required Lenders of any rights or remedies set forth therein, together with all other powers reasonably incidental thereto, shall be authorized by and binding upon all Secured
Parties. Without limiting the generality of the foregoing, the Administrative Agent shall have the sole and exclusive authority to (i) act as the disbursing and collecting agent for the Lenders with respect to all payments and collections
arising in connection with the Loan Documents; (ii) execute and deliver, as the Administrative Agent, each Loan Document, including any intercreditor or subordination agreement, and accept delivery of each Loan Document from Borrower or other
Person; (iii) act as collateral agent for Secured Parties for purposes of perfecting and administering Liens under the Loan Documents, and for all other purposes stated therein; (d) manage, supervise or otherwise deal with Collateral; and
(iv) take any enforcement action or otherwise exercise any rights or remedies with respect to any Collateral under the Loan Documents, applicable law or otherwise and subject to the terms of the Loan Documents. The Administrative Agent alone
shall be authorized to determine whether any Parts Inventory constitute Eligible Parts Inventory, whether to impose or release any reserve or whether any conditions to funding or to issuance of a Letter of Credit have been satisfied in accordance
with the terms of the Loan Documents, which determinations and judgments, if exercised in good faith, shall exonerate the Administrative Agent from liability to any Lender or other Person for any error in judgment. 

(b) Each Person serving as an Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any
other Lender and may exercise the same as though it were not an Administrative Agent, and such Person and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Borrower or any Subsidiary of Borrower
or other Affiliate thereof as if it were not an Administrative Agent hereunder. 
 (c) The Administrative Agent shall not have
any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (i) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing, (ii) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the
Loan Documents that the Administrative Agent is required to exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 9.02), and (iii) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to Borrower or
any of its Subsidiaries that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in 

  
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any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage
of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall not be deemed to have knowledge of any Default
unless and until written notice thereof is given to the Administrative Agent by Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (A) any statement, warranty or
representation made in or in connection with any Loan Document, (B) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document, (C) the performance or observance of any of the
covenants, agreements or other terms or conditions set forth in any Loan Document, (D) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (E) the creation,
perfection or priority of Liens on the Collateral or the existence of the Collateral, or (F) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent. If any Lender acquires knowledge of a Default, Event of Default or failure of such conditions, it shall promptly notify the Administrative Agent and the other Lenders thereof in
writing. Each Secured Party agrees that, except as otherwise provided in any Loan Documents or with the written consent of the Administrative Agent and Required Lenders, it will not take any enforcement action with respect to the Collateral,
accelerate Facility Obligations (other than Banking Services Obligations constituting Secured Obligations), or exercise any right that it might otherwise have under applicable law to credit bid at foreclosure sales, UCC sales or other similar
dispositions of Collateral or to assert any rights relating to any Collateral. 
 (d) The rights and remedies conferred upon the
Administrative Agent under the Loan Documents may be exercised without the necessity of joinder of any other party, unless required by applicable law. The Administrative Agent may request instructions from Required Lenders or other Secured Parties
with respect to any act (including the failure to act) in connection with any Loan Documents, and may seek assurances to its satisfaction from Secured Parties of their indemnification obligations against all claims that could be incurred by the
Administrative Agent in connection with any act. The Administrative Agent shall be entitled to refrain from any act until it has received such instructions or assurances, and the Administrative Agent shall not incur liability to any Person by reason
of so refraining. Instructions of the Required Lenders and Super Majority Lenders shall be binding upon all Secured Parties, and no Secured Party shall have any right of action whatsoever against the Administrative Agent as a result of the
Administrative Agent acting or refraining from acting in accordance with the instructions of the Required Lenders and Super Majority Lenders. Notwithstanding the foregoing, instructions by and consent of specific parties shall be required to the
extent provided in Section 9.02. In no event shall the Administrative Agent be required to take any action that, in its opinion, is contrary to applicable law or any Loan Documents or could subject any Agent Indemnitee to personal
liability. 
 (e) The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon,
any notice, request, certificate, consent, statement, instrument, document, electronic transmission or other writing believed by it in good faith to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may
rely upon any statement made to it orally or by telephone and believed by it in good faith to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent shall have a reasonable and practicable
amount of time to act upon any instruction, notice or other communication under any Loan Document, and shall not be liable for any delay in acting. 
 (f) The Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent
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rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the
Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facility provided for herein as well as activities as the Administrative Agent. The Administrative Agent may
consult with and employ Agent Professionals, and shall be entitled to act upon, and shall be fully protected in any action taken in good faith reliance upon, any advice given by an Agent Professional. The Administrative Agent shall not be
responsible for the negligence or misconduct of any agents, employees or Agent Professionals selected by it with reasonable care. 
 (g) Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph (g), the Administrative Agent may resign at any time by notifying the Lenders, the
Issuing Banks and Borrower. Upon any such resignation, the Required Lenders shall have the right to appoint a successor Administrative Agent which shall be (i) a Lender or an Affiliate of a Lender or (ii) a commercial bank or an Affiliate
of any such commercial bank that is organized under the laws of the United States or any state or district thereof, has a combined capital surplus of at least $200,000,000 and (provided no Event of Default exists) is reasonably acceptable to
Borrower (such consent not to be unreasonably withheld, delayed or conditioned). If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative
Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent from among the Lenders or, if no Lender accepts such role, the retiring
Administrative Agent may appoint the Required Lenders as the successor Administrative Agent. Upon the acceptance by a successor Administrative Agent of an appointment as the Administrative Agent hereunder, or upon appointment of Required Lenders as
successor Administrative Agent, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder. The fees payable by Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between Borrower and such successor. After the Administrative Agent’s
resignation hereunder, the provisions of this Article VIII and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any
actions taken or omitted to be taken by any of them while it was acting as the Administrative Agent. Any successor to Bank of America by merger or acquisition of stock or this loan shall continue to be the Administrative Agent hereunder without
further act on the part of the parties hereto, unless such successor resigns as provided above. 
 (h) Each Lender acknowledges
that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own
decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or related agreement or any document furnished hereunder or thereunder. 
 (i) Each Lender hereby agrees that (i) it has requested a copy of each Report prepared by or on behalf of the Administrative Agent; (ii) the Administrative Agent (A) makes no representation
or warranty, express or implied, as to the completeness or accuracy of any Report or any of the information contained therein or any inaccuracy or omission contained in or relating to a Report and (B) shall not be liable for any information
contained in any Report; (iii) the Reports are not comprehensive audits or examinations, and that any Person performing any field examination will inspect only specific information regarding Borrower and will rely significantly upon
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records, as well as on representations of Borrower’s personnel and that the Administrative Agent undertakes no obligation to update, correct or supplement the Reports; (iv) it will keep
all Reports confidential and strictly for its internal use, not share the Report with Borrower or any other Person except as otherwise permitted pursuant to this Agreement; and (v) without limiting the generality of any other indemnification
provision contained in this Agreement, it will pay and protect, and indemnify, defend, and hold the Administrative Agent and any such other Person preparing a Report harmless (A) from and against, the claims, actions, proceedings, damages,
costs, expenses, and other amounts (including reasonable attorneys’ fees) incurred by the Administrative Agent or such other Person as the direct or indirect result of any third parties who might obtain all or part of any Report through the
indemnifying Lender and (B) from any action such Lender may take as a result of or any conclusion it may draw from any Report. 
 (j) If the Administrative Agent believes that it may be limited in the exercise of any rights or remedies under the Loan Documents due to any applicable law, the Administrative Agent may appoint an
additional Person who is not so limited, as a separate co-collateral agent. If the Administrative Agent so appoints a co-collateral agent, each right and remedy intended to be available to the Administrative Agent under the Loan Documents shall also
be vested in such separate agent. The Secured Parties shall execute and deliver such documents as the Administrative Agent deems appropriate to vest any rights or remedies in such agent. If any co-collateral agent shall die or dissolve, become
incapable of acting, resign or be removed, then all the rights and remedies of such agent, to the extent permitted by applicable law, shall vest in and be exercised by the Administrative Agent until appointment of a new agent. 

(k) The Joint Lead Arrangers, the Joint Book Managers and the Syndication Agents shall not have any right, power, obligation, liability,
responsibility or duty under this Agreement other than those applicable to all Lenders as such. 
 Section 8.02
Indemnification by Lenders. (a) Each Lender severally agrees to indemnify the Administrative Agent (to the extent not promptly reimbursed by Borrower) from and against such Lender’s ratable share (determined as provided below) of
any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Administrative Agent, arising
solely in the Administrative Agent’s capacity the Administrative Agent hereunder and under the other Loan Documents, or any action taken or omitted by the Administrative Agent solely in its capacity as the Administrative Agent under the Loan
Documents (collectively, the ”Indemnified Costs”); provided, however, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements resulting from the Administrative Agent’s gross negligence or willful misconduct as found in a final, non-appealable judgment by a court of competent jurisdiction. Without limitation of the foregoing, each Lender agrees to
reimburse the Administrative Agent promptly upon demand for its ratable share of any costs and expenses (including, without limitation, fees and expenses of counsel) payable by Borrower under Section 9.03, to the extent that the
Administrative Agent, acting solely in its capacity as the Administrative Agent hereunder, is not promptly reimbursed for such costs and expenses by Borrower. In the case of any investigation, litigation or proceeding giving rise to any Indemnified
Costs, this Section 8.02 applies whether any such investigation, litigation or proceeding is brought by any Lender or any other Person. 
 (b) For purposes of this Section 8.02, each Lender’s ratable share of any amount shall be determined, as at the incurrence of the relevant Indemnified Costs, according to its share of the
aggregate principal amount of the Advances outstanding at such time and the aggregate participation in the LC Disbursements at such time. The failure of any Lender to reimburse the Administrative Agent promptly upon demand for its ratable share of
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the Lenders to the Administrative Agent as provided herein shall not relieve any other Lender of its obligation hereunder to reimburse the Administrative Agent for its ratable share of such
amount, but no Lender shall be responsible for the failure of any other Lender to reimburse the Administrative Agent for such other Lender’s ratable share of such amount. Without prejudice to the survival of any other agreement of any Lender
hereunder, the agreement and obligations of each Lender contained in this Section 8.02 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the other Loan Documents. 

(c) The Administrative Agent shall not be liable to any Secured Party for any action taken or omitted to be taken under the Loan
Documents, except for losses directly and solely caused by the Administrative Agent’s gross negligence or willful misconduct. The Administrative Agent does not assume any responsibility for any failure or delay in performance or any breach by
Borrower, Lender or other Secured Party of any obligations under the Loan Documents. The Administrative Agent makes no express or implied representation, warranty or guarantee to the Secured Parties with respect to any Facility Obligations,
Collateral, Loan Documents or Borrower. No Agent Indemnitee shall be responsible to the Secured Parties for any recitals, statements, information, representations or warranties contained in any Loan Documents; the execution, validity, genuineness,
effectiveness or enforceability of any Loan Documents; the genuineness, enforceability, collectability, value, sufficiency, location or existence of any Collateral, or the validity, extent, perfection or priority of any Lien therein; the validity,
enforceability or collectability of any Facility Obligations; or the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status of Borrower. No Agent Indemnitee shall have any obligation to any
Secured Party to ascertain or inquire into the existence of any Default or Event of Default. 
 Section 8.03 Banking Services
Providers. Each Secured Banking Services Provider, by delivery of a notice to the Administrative Agent of Banking Services, agrees to be bound by Section 2.10 and this Section 8.03. Each Secured Banking Services Provider
shall indemnify and hold harmless the Agent Indemnitees, to the extent not reimbursed by Borrower, against all Indemnified Costs that may be incurred by or asserted against any Agent Indemnitee in connection with such provider's Banking Services
Obligations. 
 Section 8.04 No Third Party Beneficiaries. This Article VIII is an agreement solely among the
Lenders and the Administrative Agent, and shall survive payment and satisfaction in full of the Secured Obligations. Except solely to the extent of Borrower’s rights to consent pursuant to and subject to the conditions in
Section 8.01(g), this Article VIII does not confer any rights or benefits upon Borrower or any other Person. As between Borrower and the Administrative Agent, any action that the Administrative Agent may take under any Loan
Documents or with respect to any Facility Obligations shall be conclusively presumed to have been authorized and directed by the Lenders. 
 ARTICLE IX 
 MISCELLANEOUS  

Section 9.01 Notices. (a) Except in the case of notices and other communications expressly permitted to be given by telephone
(and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile,
as follows: 

  
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 (i) if to Borrower: 

Navistar, Inc. 

2701 Navistar Drive 
 Lisle, IL 60532 4201 
 Attention: Treasurer 

Facsimile No: (331) 332-2573 
 Email: jim.moran@navistar.com 
 Copy to: 

Kirkland & Ellis LLP 
 300 North LaSalle 
 Chicago, IL 60654 

Attn: Maureen Sweeney, P.C. and Michelle Kilkenney 
 Phone: (312) 862-2000 
 Facsimile No.: (312) 862-2200 

Email: mkilkenney@kirkland.com 
 (ii) if to Bank of America, as the Administrative Agent, an Issuing Bank or the Swingline Lender, at: 
 Bank of America Business Capital 
 135 South LaSalle, 4th Floor 

Mail Code: IL4-135-04-25 
 Chicago, IL 60603 
 Attention: Thomas J. Brennan 

Facsimile No.: (312) 992-9609 
 Email: thomas.brennan@baml.com 
 (iii) if to any other Lender, to
it at its address or facsimile number set forth in its Administrative Questionnaire. 
 All such notices and other communications (x) sent
by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received or (y) sent by facsimile shall be deemed to have been given when sent and when receipt has been confirmed by
telephone; provided that if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient. The Administrative Agent and the Lenders may rely
upon any notices purportedly given by or on behalf of Borrower even if such notices were not made in a manner specified herein, were incomplete or were not confirmed, or if the terms thereof, as understood by the recipient, varied from a later
confirmation. Borrower shall indemnify and hold harmless each Indemnified Party from any liabilities, losses, costs and expenses arising from any telephonic communication purportedly given by or on behalf of Borrower, except to the extent arising
from such Indemnified Party’s gross negligence, willful misconduct or bad faith as found in a final, non-appealable judgment by a court of competent jurisdiction. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications (including e-mail and Internet or intranet websites) pursuant to procedures
approved by the Administrative Agent; provided that the foregoing shall not apply, except to the extent expressly provided for therein, to notices pursuant to Article II or to compliance and

  
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no Event of Default certificates delivered pursuant to Section 5.01 unless otherwise agreed by the Administrative Agent. The Administrative Agent or Borrower will agree to accept
notices and other communications to it hereunder by electronic “pdf” communications or other electronic transmissions of actual signed documents which shall be directed to the specific name of the individual person previously
identified by the Administrative Agent to receive such notice and otherwise pursuant to procedures that may be approved by it; provided that approval of such procedures may be limited to particular notices or communications. All such notices
and other communications (i) sent to the e-mail address of the specific individual person specified previously identified by the Administrative Agent to receive such notice shall be deemed received upon the sender’s receipt of an
acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided, that if not given during the normal business hours of
the recipient, such notice or communication shall be deemed to have been given at the opening of business on the next Business Day for the recipient, and (ii) posted to an Internet or intranet website shall be deemed received upon the deemed
receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

(c) Any party hereto may change its address or facsimile number or email address for notices and other communications hereunder by notice
to the other parties hereto. 
 Section 9.02 Waivers; Amendments. (a) No failure or delay by the Administrative
Agent, Issuing Bank or Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of
steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder and under any other
Loan Document are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by Borrower therefrom shall in any event be effective unless the
same shall be permitted by paragraph (b) of this Section 9.02, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the
foregoing, to the extent permitted by law, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, Lender or Issuing Bank may have had notice or
knowledge of such Default at the time. 
 (b) Neither this Agreement nor any other Loan Document nor any provision hereof or
thereof may be waived, amended or modified except (i) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by Borrower and the Required Lenders (or the Administrative Agent with the consent of the
Required Lenders), or (ii) in the case of any other Loan Document (other than any such amendment to effectuate any modification thereto expressly contemplated by the terms of such other Loan Documents), pursuant to an agreement or agreements in
writing entered into by the Administrative Agent and Borrower, with the consent of the Required Lenders; provided that no such agreement shall (A) increase the Commitment of any Lender (including a Defaulting Lender) without the written
consent of such Lender; it being understood that a waiver of any condition precedent set forth in Article IV or the waiver of any default interest, Default or Event of Default that is not otherwise expressly required to be waived by more
than Required Lenders, mandatory prepayment or mandatory reduction of the Commitments, or the making of any Protective Advance, so long as in compliance with the provisions of Section 2.04, shall not constitute an increase of any
Commitment of any Lender, provided that any change to the second or fourth proviso to the second sentence of Section 2.04(a) shall require the written consent of each Lender; (B) reduce or forgive the principal amount of any
Loan or LC Disbursement or reduce the rate of interest thereon, or reduce or forgive any interest or fees payable hereunder, without the written consent of each Lender (including a Defaulting 

  
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Lender) directly affected thereby, provided that only the consent of the Required Lenders shall be necessary to (1) amend the provisions of Section 2.13(c) providing for
the default rate of interest, or to waive any obligations of Borrower to pay interest at such default rate, Event of Default or Default that is not otherwise expressly required to be waived by more than Required Lenders or (2) waive any
mandatory prepayment; (C) postpone any scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any date for the payment of any interest, fees or other Obligations payable hereunder, or reduce the amount of, waive or
excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender (including a Defaulting Lender) directly affected thereby, provided that only the consent of the Required
Lenders shall be necessary to amend the provisions of Section 2.13(c) providing for the default rate of interest, or to waive any obligations of Borrower to pay interest at such default rate, Event of Default or Default that is not
otherwise expressly required to be waived by more than Required Lenders; (D) change Section 2.18(b), (c) or (d) or Section 2.10(b) in a manner that would alter the manner in which payments are
shared, without the written consent of each Lender directly affected thereby; (E) change the definition of the term “Liquidity Block Amount” or “Borrowing Base” or any respective component definition
thereof if, in any case, as a result thereof the amounts available to be borrowed by Borrower would be increased (provided that the foregoing shall not limit the discretion of the Administrative Agent to change, establish or eliminate any
Reserves without the consent of any Lenders) without the written consent of the Super Majority Lenders; (F) change any of the provisions of this Section 9.02 or reduce the minimum percentage set forth in the definition of
“Required Lenders” or the definition of “Super Majority Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders (or Lenders of any Class) required to waive,
amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender; or (G) except as provided in paragraph (c) or (d) of this
Section 9.02 or in any Collateral Document, release all or substantially all of the Collateral, without the written consent of each Lender; provided, further that no such agreement shall amend, modify or otherwise affect the
rights or duties of the Administrative Agent, any Issuing Bank or the Swingline Lender hereunder without the prior written consent of the Administrative Agent, such Issuing Bank or the Swingline Lender, as the case may be. The Administrative Agent
may also amend the Commitment Schedule to reflect assignments entered into pursuant to Section 9.04. 
 (c)
The Lenders hereby irrevocably agree that the Liens granted to the Administrative Agent by Borrower on any Collateral shall be automatically released (i) upon the termination of the Commitments, payment and satisfaction in full in cash of all
Secured Obligations owing as of the date of such termination (other than Unliquidated Obligations), the termination, expiration or, to the extent effected in a manner reasonably acceptable to the relevant Issuing Banks or as otherwise provided for
herein, Cash Collateralization or Backstop of all outstanding Letters of Credit in an amount equal to 103% of the face amount of all outstanding Letters of Credit; (ii) upon the sale or other disposition of the property constituting such
Collateral (including as part of or in connection with any other sale or other disposition permitted hereunder) to any Person, to the extent such sale or other disposition is made in compliance with the terms of this Agreement; (iii) subject to
paragraph (b) of this Section 9.02, if the release of such Lien is approved, authorized or ratified in writing by the Required Lenders, (iv) as required to effect any sale or other disposition of such Collateral in
connection with any exercise of remedies of the Administrative Agent and the Lenders pursuant to the Collateral Documents, or (v) as required pursuant to, and in accordance with the terms of, any Master Intercompany Agreement provided
that the Administrative Agent may, in its discretion, release the Lien on Collateral valued in the aggregate not in excess of $20,000,000 during each Fiscal Year without the consent of any Lender. Any such release shall not in any manner
discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of Borrower in respect of) all interests retained by Borrower, including the proceeds of any sale, all of which shall continue
to constitute part of the Collateral to the extent required under the provisions of the Loan Documents. 

  
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 (d) If, in connection with any proposed amendment, waiver or consent requiring the
consent of “each Lender” or “each Lender directly affected thereby” or the “Super Majority Lenders”, the consent of the Required Lenders is obtained, but the consent of other necessary
Lenders is not obtained (any such Lender whose consent is necessary but not obtained being referred to herein as a “Non-Consenting Lender”), then Borrower may elect to replace a Non-Consenting Lender as a Lender party to this
Agreement; provided, that, concurrently with such replacement, (i) another bank or other entity which is a Lender or otherwise reasonably satisfactory to Borrower and the Administrative Agent shall agree, as of such date, to purchase for
cash the Loans and other Obligations due to the Non-Consenting Lender pursuant to an Assignment and Assumption and to become a Lender for all purposes under this Agreement and to assume all obligations of the Non-Consenting Lender to be terminated
as of such date and to comply with the requirements of Section 9.04(b), (ii) the replacement Lender shall pay the processing and recordation fee referred to in Section 9.04(b)(ii)(C), if applicable, in accordance with
the terms of such Section, (iii) the replacement Lender shall grant its consent with respect to the applicable proposed amendment, waiver or consent and (iv) Borrower shall pay to such Non-Consenting Lender in same day funds on the day of
such replacement (1) all interest, fees and other amounts then accrued but unpaid to such Non-Consenting Lender by Borrower hereunder to and including the date of termination, including, without limitation, payments due to such Non-Consenting
Lender under Sections 2.15 and 2.17, and (2) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 2.16 had the Loans of such Non-Consenting
Lender been prepaid on such date rather than sold to the replacement Lender. In connection with any such replacement, if any such Non-Consenting Lender does not execute and deliver to the Administrative Agent a duly executed Assignment and
Assumption reflecting such replacement within five (5) Business Days of the date on which the replacement Lender executes and delivers such Assignment and Assumption to such Non-Consenting Lender, then such Non-Consenting Lender shall be deemed
to have executed and delivered such Assignment and Assumption without any action on the part of the Non-Consenting Lender. 
 Notwithstanding
anything to the contrary contained in this Section 9.02, if the Administrative Agent and Borrower shall have jointly identified an obvious error or any error or omission of a technical or immaterial nature, in each case, in any provision
of this Agreement or any other Loan Document, then the Administrative Agent and Borrower shall be permitted to amend such provision and such amendment shall become effective without any further action or consent of any other party to this Agreement
or any other Loan Document if the same is not objected to in writing by the Required Lenders within five Business Days following receipt of notice thereof. 
 Section 9.03 Expenses; Indemnity; Damage Waiver. (a) Subject to any express limitations that may be set forth in this Agreement with respect to the frequency of appraisals and field exams,
Borrower agree to pay within (x) one Business Day (in the case of written demands prior to the Closing Date) and (y) ten Business Days (in the case of written demands thereafter) after written demand (which includes documentation
reasonably supporting such request) (i) all reasonable out-of-pocket costs and expenses of the Administrative Agent in connection with the preparation, execution, delivery, administration, modification and amendment of, or any consent or waiver
under, the Loan Documents (including, without limitation, (A) all due diligence, syndication, transportation, computer, duplication, appraisal, audit, field examination, Report preparation, Collection Account setup and maintenance, insurance,
consultant, search, filing and recording fees and expenses (including the Administrative Agent’s standard charges for field examinations which may be a standard per diem field examiner charge), and (B) in the case of legal expenses
and fees, limited to the reasonable fees and out-of-pocket expenses of one principal counsel for the Administrative Agent and any necessary local counsel to the Administrative Agent, with respect to advising the Administrative Agent as to its
rights and responsibilities, or the protection or preservation of rights or interests, under the Loan Documents, with respect to negotiations with Borrower or with other creditors of Borrower arising out of any Default or

  
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any events or circumstances that may give rise to a Default and with respect to presenting claims in or otherwise participating in or monitoring any bankruptcy, insolvency or other similar
proceeding involving creditors’ rights generally and any proceeding ancillary thereto) and (ii) all reasonable out-of-pocket costs and expenses of the Administrative Agent and each Lender in connection with the enforcement of the
Loan Documents, whether in any action, suit or litigation, or any bankruptcy, insolvency or other similar proceeding affecting creditors’ rights generally (including, without limitation, the reasonable fees and out-of-pocket expenses of
counsel for the Administrative Agent and each Lender with respect thereto; provided that Borrower shall only be required to reimburse the reasonable fees and out-of-pocket expenses of one legal counsel per jurisdiction to the extent no
conflict exists). 
 (b) (i) Borrower agrees to indemnify, defend and save and hold harmless the Administrative Agent, each
Lender and each of their respective Affiliates, successors and permitted assigns, and their respective officers, directors, employees, agents, members, controlling persons and advisors (each, an “Indemnified Party”)
from and against, and shall pay within ten Business Days of written demand (including documentation reasonably supporting such request), any and all claims, damages, actual losses, liabilities and expenses (including, without limitation, reasonable
fees, disbursements and other charges of counsel), joint or several, that may be incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in
connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) (1) the Facility, the actual or proposed use of the proceeds of the Advances, the Loan Documents or any of the transactions
contemplated thereby, or (2) the actual or alleged presence of Hazardous Materials on any property of Borrower or any of its Subsidiaries or any Environmental Action relating in any way to Borrower or any of its Subsidiaries, except
(A) to the extent such claim, damage, loss, liability or expense is found in a final nonappealable judgment by a court of competent jurisdiction to have resulted from the gross negligence, willful misconduct or bad faith of such Indemnified
Party or its officers, directors, employees or agents to the extent acting at the direction of such Indemnified Party, (B) to the extent such claim, damage, loss, liability or expense is found in a final nonappealable judgment by a court of
competent jurisdiction to have resulted from a material breach of obligations by such Indemnified Party or its officers, directors, employees or agents under the Loan Documents or (C) if such dispute is solely between Indemnified Parties or
their respective officers, affiliates, directors, employees, agents, advisors, controlling persons, members and successors and permitted assigns; provided that Borrower agrees to indemnify and hold harmless each Indemnified Party with respect
to any matters described in this clause (C), (x) in respect of any claims against any Indemnified Party in its capacity in fulfilling its role as the Administrative Agent or a Joint Lead Arranger or any other similar role under the Loan
Documents and (y) in respect of any claims arising out of or in connection with or by reason of any act or omission of Borrower. In the case of an investigation, litigation or other proceeding to which the indemnity in this
Section 9.03(b) applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by Borrower, its directors, shareholders or creditors, any Indemnified Party or any other Person, whether
or not any Indemnified Party is otherwise a party thereto and whether or not the transactions set forth in the Loan Documents are consummated, but excluding from this indemnity any disputes which are solely between or among Indemnified Parties or
their respective officers, affiliates, directors, employees, agents, advisors, controlling persons, members and successors and permitted assigns, except in respect of the Administrative Agent in its capacity as the Administrative Agent hereunder).
Each party hereto also agrees not to assert any claim against any other party hereto or any of their Affiliates, or any of their respective officers, directors, employees, agents and advisors, on any theory of liability, for special, indirect,
consequential or punitive damages arising out of or otherwise relating to the Facility, the actual or proposed use of the proceeds of the Advances, the Loan Documents or any of the transactions contemplated by the Loan Documents. 

  
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 (ii) Borrower shall not be liable for any settlement of any proceedings
effected without its written consent (which consent shall not be unreasonably withheld, delayed or conditioned), but if settled with Borrower’s written consent or if there is a final judgment against an Indemnified Party in any such
proceedings, Borrower agrees to indemnify and hold harmless each Indemnified Party from and against any and all actual losses, claims, damages, liabilities and expenses by reason of such settlement or judgment in accordance with this paragraph.
Borrower shall not, without the prior written consent of an Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which indemnity could have been sought hereunder by such Indemnified Party unless such
settlement (1) includes an unconditional release of such Indemnified Party in form and substance reasonably satisfactory to such Indemnified Party from all liability on claims that are the subject matter of such proceeding and (2) does not
include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of such Indemnified Party. 
 (c) If any payment of principal of, or Conversion of, any LIBOR Borrowing is made by an Eligible Assignee to a Lender other than on the last day of the Interest Period for such Borrowing upon an
assignment of rights and obligations under this Agreement pursuant to Section 9.04, as a result of a demand by Borrower pursuant to Section 2.20, or if Borrower fails to make any payment or prepayment of an Borrowing for
which a notice of prepayment has been given or that is otherwise required to be made, whether pursuant to Section 2.10, 2.11 or Article VII or otherwise, Borrower shall, promptly following written demand by such Lender
(with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses that it may reasonably incur as a
result of such payment or Conversion or such failure to pay or prepay, as the case may be, including, without limitation, any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of
deposits or other funds acquired by any Lender to fund or maintain such Borrowing. 
 (d) If Borrower fails to pay when due any
costs, expenses or other amounts payable by it under any Loan Document, including, without limitation, fees and expenses of counsel and indemnities, with 3 days’ prior written notice to Borrower such amount may be paid on behalf of
Borrower by the Administrative Agent or any Lender, in its sole discretion. 
 (e) Without prejudice to the survival of any
other agreement of Borrower hereunder or under any other Loan Document, the agreements and obligations of Borrower contained in Sections 2.15, 2.17 and 2.19 and this Section 9.03 shall survive the payment in
full of principal, interest and all other amounts payable hereunder and under any of the other Loan Documents. 
 Section 9.04
Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns permitted hereby (including any Affiliate of an
Issuing Bank that issues any Letter of Credit), except that (i) Borrower may not (except as permitted under Section 6.04) assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of
each Lender (and any attempted assignment or transfer by Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this
Section 9.04 (any attempted assignment or transfer not complying with the terms of this Section 9.04 shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person
(other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of an Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this
Section 9.04) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this
Agreement. 

  
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 (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any
Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent
not to be unreasonably withheld or delayed) of: 
 (A) Borrower; provided that no consent of Borrower
shall be required for an assignment to another Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of Default specified in Section 7.01(a) or (h) has occurred and is continuing, any other Eligible Assignee, and
provided, further that no consent of Borrower shall be required for an assignment during the primary syndication of the Loans to Persons identified by the Administrative Agent to Borrower on or prior to the Closing Date and reasonably
acceptable to Borrower; 
 (B) the Administrative Agent; provided that no consent of the Administrative
Agent shall be required for an assignment to another Lender, an Affiliate or branch of a Lender, an Approved Fund; 
 (C) the Swingline Lender; and 
 (D) each Issuing Bank. 

(ii) Assignments shall be subject to the following additional conditions: 

(A) except in the case of an assignment to another Lender, an Affiliate of a Lender or an Approved Fund or an assignment
of the entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or the principal amount of Loans of the assigning Lender subject to each such assignment (determined as of the date
the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent and further determined on an aggregate basis for all concurrent assignments to Related Funds (as defined below)) shall be in a minimum amount of
$5,000,000 and increments of $1,000,000 in excess thereof unless each of Borrower and the Administrative Agent otherwise consent; provided that no such consent of Borrower shall be required if an Event of Default specified in
Section 7.01(a) or (h) has occurred and is continuing; 
 (B) each partial assignment
shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; 

  
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 (C) the parties to each assignment shall (1) electronically
execute and deliver to the Administrative Agent an Assignment and Assumption via an electronic settlement system acceptable to the Administrative Agent (which initially shall be ClearPar, LLC) or (2) manually execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 (provided that such fee may be waived or reduced in the sole discretion of the Administrative Agent); and 

(D) the assignee, if it shall not be a Lender, shall deliver on or prior to the effective date of such assignment, to the
Administrative Agent (1) an Administrative Questionnaire and (2) if applicable, an appropriate Internal Revenue Service form (such as Form W-8BEN or W-8ECI or any successor form adopted by the relevant United States taxing authority) as
required by applicable law supporting such assignee's position that no withholding by Borrower or the Administrative Agent for United States income tax payable by such assignee in respect of amounts received by it hereunder is required. 

The term “Related Funds” shall mean with respect to any Lender that is an Approved Fund, any other Approved
Fund that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 
 (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section 9.04, from and after the effective date specified in each Assignment and Assumption the
assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of
the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16, 2.17, 2.19 and 9.03 with respect to facts and circumstances occurring on or
prior to the effective date of such assignment). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale
by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this Section 9.04. 
 (iv) The Administrative Agent, acting for this purpose as an agent of Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the
recordation of the names and addresses of the Lenders and their respective successors and assigns, and the Commitment of, and principal amount of and interest on the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from
time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and Borrower, the Administrative Agent, the Issuing Banks and the Lenders may treat each Person whose name is
recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by Borrower, the Issuing Banks and any Lender, at
any reasonable time and from time to time upon reasonable prior notice. 

  
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 (v) Upon its receipt of a duly completed Assignment and Assumption
executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire and tax certifications required by Section 9.04(b)(ii)(D)(2) (unless the assignee shall already be a Lender hereunder),
the processing and recordation fee referred to in paragraph (b) of this Section 9.04, if applicable, and any written consent to such assignment required by paragraph (b) of this Section 9.04, the
Administrative Agent shall promptly accept such Assignment and Assumption and record the information contained therein in the Register; provided that if either the assigning Lender or the assignee shall have failed to make any payment
required to be made by it pursuant to Section 2.05, 2.06(d) or (e), 2.07(b), 2.18(c) or 9.03, the Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the
information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register
as provided in this clause (v). Notwithstanding anything in this Agreement to the contrary, the Loans and Commitments are intended to be treated as registered obligations for tax purposes and the right, title and interest of the Lenders in
and to such Loans and Commitments shall be transferable only in accordance with the terms hereof. This Section 9.04(b)(v) shall be construed so that the Loans and Commitments are at all times maintained in “registered
form” within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Code. 
 (vi) By
executing and delivering an Assignment and Assumption, the assigning Lender thereunder and the assignee thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows: (A) such assigning Lender
warrants that it is the legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim and that its Commitment, and the outstanding balances of its Revolving Loans, in each case without giving effect to
assignments thereof which have not become effective, are as set forth in such Assignment and Assumption, (B) except as set forth in (A) above, such assigning Lender makes no representation or warranty and assumes no responsibility with
respect to any statements, warranties or representations made in or in connection with this Agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, any other Loan Document or any other
instrument or document furnished pursuant hereto, or the financial condition of Borrower or any respective Subsidiary or the performance or observance by Borrower or any respective Subsidiary of any of its obligations under this Agreement, any other
Loan Document or any other instrument or document furnished pursuant hereto; (C) such assignee represents and warrants that it is an Eligible Assignee, legally authorized to enter into such Assignment and Assumption; (D) such assignee
confirms that it has received a copy of this Agreement, together with copies of the most recent financial statements referred to in Section 3.08 or delivered pursuant to Section 5.01 and such other documents and information
as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Assumption; (E) such assignee will independently and without reliance upon the Administrative Agent, such assigning Lender or any other
Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (F) such assignee appoints and authorizes the
Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent, by the terms hereof, together with such powers as are reasonably incidental thereto; and
(G) such assignee agrees that it will perform in accordance with their terms all the obligations which by the terms of this Agreement are required to be performed by it as a Lender, including delivery of the tax certifications required by
Section 9.04(b)(ii)(D)(2). 

  
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 (c) (i) Any Lender may, without the consent of Borrower, the Administrative Agent,
the Issuing Banks or the Swingline Lender, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including
all or a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto
for the performance of such obligations and (C) Borrower, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations
under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any
provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to
Section 9.02(b) that directly affects such Participant. Subject to paragraph (c)(ii) of this Section 9.04, Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15,
2.16, 2.17 and 2.19 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section 9.04. 

(ii) A Participant shall not be entitled to receive any greater payment under Section 2.15 or 2.17
than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with Borrower’s prior written consent. A
Participant that would be a Non-U.S. Lender if it were a Lender shall not be entitled to the benefits of Section 2.17 unless Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit
of Borrower, to comply with Section 2.17(e) as though it were a Lender. 
 (iii) Each Lender that
sells a participation shall, acting solely for this purpose as an agent of Borrower, maintain a register complying with Section 5f.103-1(c) of the United States Treasury Regulations on which it enters the name and address of each Participant
and the principal amounts (and stated interest) of each participant's interest in the Loans and other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register shall
be conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. Any
participation of such Loan may be effected only by the registration of such participation on the Participant Register. The Participant Register shall be available for inspection by Borrower from time to time upon reasonable notice. 

(d) Any Lender may at any time pledge or grant a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including without limitation any pledge or grant to secure obligations to a Federal Reserve Bank, and this Section 9.04 shall not apply to any such pledge or grant of a security interest; provided that
no such pledge or grant of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

  
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 (e) Notwithstanding anything to the contrary contained herein, any Lender (a
“Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and
Borrower, the option to provide to Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated to make to Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment
by any SPC to make any Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a
Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by
any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of Borrower under this Agreement (including its obligations under Section 2.15, 2.16 or 2.17), (ii) no SPC
shall be liable for any indemnity or similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender) and the Granting Lender shall for all purposes including approval of any amendment, waiver or other
modification of any provision of the Loan Documents, remain the Lender of record hereunder. In addition, notwithstanding anything to the contrary contained in this Section 9.04, any SPC may (i) with notice to, but without the prior
written consent of, Borrower or the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial institutions (consented to by Borrower and
Administrative Agent) providing liquidity and/or credit support to or for the account of such SPC to support the funding or maintenance of Loans and (ii) disclose on a confidential basis any Information relating to its Loans to any rating
agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPC, which Person shall agree to be bound by the terms of confidentiality contained herein for the benefit of Borrower. 

(f) In the event that any Lender shall become a Defaulting Lender, then an Issuing Bank or the Swingline Lender shall have the right, but
not the obligation, at its own expense, upon notice to such Lender and the Administrative Agent, to replace such Lender with an assignee (in accordance with and subject to the restrictions contained in paragraph (b) above), and such
Lender hereby agrees to transfer and assign without recourse (in accordance with and subject to the restrictions contained in paragraph (b) above) all its interests, rights and obligations in respect of its Commitment to such assignee;
provided, however, that (i) no such assignment shall conflict with any law, rule and regulation or order of any Governmental Authority, and (ii) such Issuing Bank or the Swingline Lender, as applicable, or such assignee, as the case
may be, shall pay to such Lender in immediately available funds on the date of such assignment the principal of and interest accrued to the date of payment on the Loans made by such Lender hereunder and all other amounts accrued for such Lender's
account or owed to it hereunder. 
 Section 9.05 Survival. All covenants, agreements, representations and warranties made
by Borrower in the Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall
survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative
Agent, an Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any
accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit (which has not been Cash Collateralized pursuant to Section 2.09(b) or Backstopped) is outstanding
and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17, 2.19 and 9.03 and Article VIII shall survive and remain in full force and effect
regardless of the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. 

  
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 Section 9.06 Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents and
the Fee Letter and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative
Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 9.07 Severability. To the extent permitted by law, any provision of any Loan Document held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions thereof; and to
the extent permitted by law the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 Section 9.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates, with the prior written consent of the Administrative Agent, is
hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) (other than payroll, petty cash, trust or tax accounts)
at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of Borrower against any of and all the Secured Obligations held by such Lender, irrespective of whether or not such Lender shall
have made any demand under the Loan Documents and although such obligations may be unmatured. The applicable Lender shall notify Borrower and the Administrative Agent of such set-off or application; provided that any failure to give or any
delay in giving such notice shall not affect the validity of any such set-off or application under this Section 9.08. The rights of each Lender under this Section 9.08 are in addition to other rights and remedies (including
other rights of setoff) which such Lender may have. 
 Section 9.09 Governing Law; Jurisdiction; Consent to Service of
Process. (a) THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. EACH LETTER
OF CREDIT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH, THE LAWS OR RULES DESIGNATED IN SUCH LETTER OF CREDIT, OR IF NO SUCH LAWS OR RULES ARE DESIGNATED, THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS MOST RECENTLY
PUBLISHED AND IN EFFECT, ON THE DATE SUCH LETTER OF CREDIT WAS ISSUED, BY THE INTERNATIONAL CHAMBER OF COMMERCE (THE “UNIFORM CUSTOMS”) AND, AS TO MATTERS NOT GOVERNED BY THE UNIFORM CUSTOMS, THE LAWS OF THE STATE OF NEW
YORK. 
 (b) Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive
jurisdiction of any U.S. Federal or New York State court sitting in the Borough of Manhattan, New York, New York in any action or proceeding arising out of or relating to any Loan Documents, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding 

  
 104

 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

 
may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent, any
Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against Borrower or its properties in the courts of any jurisdiction. 

(c) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this
Section 9.09. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) To the extent permitted by law, each party to this Agreement hereby irrevocably waives personal service of any and all process upon
it and agrees that all such service of process may be made by registered mail (return receipt requested) directed to it at its address for notices as provided for in Section 9.01. Nothing in this Agreement or any other Loan Document will
affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 Section 9.10 WAIVER
OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER
LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.10. 
 Section 9.11 Headings. Article and Section headings and the
Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 9.12 Confidentiality. The Administrative Agent, each Issuing Bank and each Lender agrees (and each Lender agrees to cause
its SPC, if any and agrees to be liable for any breach thereof by its SPC) to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors,
officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such
Information confidential); (b) to the extent requested by any regulatory, governmental or administrative authority; (c) to the extent required by law or by any subpoena or similar legal process (in which case you agree to inform Borrower
promptly thereof to the extent not prohibited by applicable law); (d) to any other party to this Agreement; (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any
other Loan Document or the enforcement of rights hereunder or thereunder; (f) subject to an agreement containing provisions substantially the same as those of this Section 9.12, to (i) any assignee of or Participant in, or any
prospective assignee of or 

  
 105

 AMENDED AND RESTATED ABL
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Participant in, any of its rights or obligations under this Agreement, including, without limitation, any SPC, (ii) any pledgee referred to in Section 9.04(d), or (iii) any
actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to Borrower and its obligations; (g) with the consent of Borrower; or (h) to the extent such Information (x) becomes publicly
available other than as a result of a breach of this Section 9.12 or any other confidentiality obligations owing to Borrower or any of its Affiliates by the Administrative Agent, the Lenders or an Issuing Bank, or (y) becomes
available to the Administrative Agent, an Issuing Bank or any Lender on a nonconfidential basis other than as a result of a breach of this Section 9.12 from a source other than Borrower that is not known by the Administrative Agent, any
Lender or Issuing Bank to be subject to confidentiality obligations to Borrower or its Affiliates. For the purposes of this Section 9.12 only, “Information” means all information received from Borrower
relating to Borrower, its Subsidiaries or its business or the Transactions, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by Borrower. Any
Person required to maintain the confidentiality of Information as provided in this Section 9.12 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information. 
 Section 9.13 Lender
Obligations Several; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender
from any of its obligations hereunder. Anything contained in this Agreement to the contrary notwithstanding, neither the Issuing Banks nor any Lender shall be obligated to extend credit to Borrower in violation of any Requirement of Law. 

Section 9.14 USA PATRIOT Act. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby
notifies Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies Borrower, which information includes the name and address of Borrower and other information that will
allow such Lender or the Administrative Agent, as applicable, to identify Borrower in accordance with the USA PATRIOT Act. Borrower shall provide such information and take such actions as are reasonably requested by the Administrative Agent or any
Lender in order to assist the Administrative Agent and the Lenders in maintaining compliance with the USA PATRIOT Act. 

Section 9.15 Disclosure; No Advisory or Fiduciary Responsibility. 

(a) Disclosure. Borrower and each Lender hereby acknowledges and agrees that the Administrative Agent and/or its Affiliates from
time to time may hold investments in, make other loans to or have other relationships with Borrower and its Affiliates. 
 (b)
No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated by any Loan Document, Borrower acknowledges and agrees that (i)(1) this credit facility and any related arranging or other services by
the Administrative Agent, any Lender, any of their Affiliates or any arranger are arm's-length commercial transactions between Borrower and such Person; (2) Borrower has consulted its own legal, accounting, regulatory and tax advisors to the
extent they have deemed appropriate; and (3) Borrower is capable of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated by the Loan Documents; (ii) the Administrative Agent, the Lenders,
their Affiliates and any arranger is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for Borrower, any of
its Affiliates or any other Person, and has no obligation with respect to the transactions contemplated by the Loan Documents except as expressly set forth therein; and (iii) the Administrative Agent, the Lenders, their Affiliates and any

  
 106

 AMENDED AND RESTATED ABL
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arranger may be engaged in a broad range of transactions that involve interests that differ from those of Borrower and its Affiliates, and have no obligation to disclose any of such interests to
Borrower or its Affiliates. To the fullest extent permitted by applicable law, Borrower hereby waives and releases any claims that it may have against the Administrative Agent, the Lenders, their Affiliates and any arranger with respect to any
breach of agency or fiduciary duty in connection with any transaction contemplated by a Loan Document. 
 Section 9.16
Appointment for Perfection. Each Lender hereby appoints each other Lender as its agent for the purpose of perfecting Liens, for the benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article 9 of the
UCC or any other applicable law can be perfected only by possession or control. Should any Lender (other than the Administrative Agent) obtain possession or control of any such Collateral, such Lender shall notify the Administrative Agent thereof,
and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in accordance with the Administrative Agent’s instructions.

 Section 9.17 Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest
rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the
“Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together
with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this
Section 9.17 shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest
thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. In determining whether the interest contracted for, charged or received by the Administrative Agent or a Lender exceeds the maximum rate,
such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee or premium rather than interest; (b) exclude voluntary prepayments and the effects thereof; and
(c) amortize, prorate, allocate and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 
 Section 9.18 Reserved.  
 Section 9.19 Reserved. 

Section 9.20 Reserved. 
 Section 9.21 Obligations Absolute. Borrower hereby covenants and agrees that the Facility Obligations will be paid strictly in accordance with the terms of the Loan Documents, regardless of any
law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Lender with respect thereto. This Agreement shall continue to be effective or be reinstated, as the case may be, if at any time
any payment of any of the Facility Obligations is rescinded or must otherwise be returned by any Lender or any other Person upon the insolvency, bankruptcy or reorganization of Borrower or otherwise, all as though such payment had not been made.

  
 107

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 Section 9.22 Discretionary Loans. 

(a) Notwithstanding anything to the contrary contained herein, Administrative Agent may make any Protective Advance or any Loan to pay
any Facility Obligations as permitted under Section 2.03(c) hereof or to fund any payment item related to any controlled disbursement account as permitted under Section 2.03(d) hereof (collectively, the “Discretionary
Loans”), solely as permitted under clauses (b) and (c), below. 
 (b) Administrative Agent may make Discretionary
Loans in a principal amount of up to $5,000,000 in the aggregate without the consent of Borrower. Contemporaneously with or promptly after making such Discretionary Loan, Administrative Agent shall provide written notice to a Financial Officer of
Borrower setting forth the amount of the Discretionary Loan and the application of the proceeds thereof. Borrower agrees to maintain secured Debt capacity under the agreements identified (specifically or otherwise) in Section 3.26 of
this Agreement (the “Subject Agreements”) at all times in an amount equal to the difference between (i) $5,000,000 and (ii) the aggregate principal amount of Discretionary Loans (if any) made by
Administrative Agent in reliance on this Section 9.22(b). 
 (c) Administrative Agent may make Discretionary Loans in
addition to those permitted under clause (b) above (“Additional Discretionary Loans”) with Borrower’s consent as provided in this Section 9.22(c). If Administrative Agent desires to make an Additional
Discretionary Loan, Administrative Agent shall provide written notice to a Financial Officer of Borrower setting forth the amount of the desired Additional Discretionary Loan and requesting (i) Borrower’s prior written consent to the
making of such Additional Discretionary Loan (which consent Borrower may give or withhold in its sole discretion) and (ii) if Borrower is willing to consent to such Loan, a determination by Borrower as to whether the making of such
Discretionary Loan by Administrative Agent would result in a breach or violation of the terms of any Subject Agreement. Borrower shall promptly notify Administrative Agent in writing whether it will provide or withhold its consent to the making of
such Additional Discretionary Loan by the Administrative Agent and, if it consents to the making thereof, whether such Additional Discretionary Loan would result in a breach or violation of the terms of any Subject Agreement (such notice being a
“Borrower Reply”). If the Borrower Reply indicates Borrower’s consent to the making of such Discretionary Loan by Administrative Agent and that the making of such Additional Discretionary Loan would not result in a
breach or violation of the terms of any Subject Agreement, Administrative Agent may make such Additional Discretionary Loan within five Business Days of its receipt of Borrower’s Reply, and Borrower shall reserve an amount equal to the
principal amount of such Additional Discretionary Loan against it’s available covenant baskets under the Subject Agreements for the period beginning on the date of the related Borrower Reply to the earlier of (i) the fifth Business Day
after the date of such Borrower Reply (it being understood that Administrative Agent may make such Discretionary Loan at any time prior to the close of business on such fifth Business Day) and (ii) the date the Administrative Agent makes such
Discretionary Loan. The Administrative Agent shall notify Borrower within one Business Day of making any Additional Discretionary Loan. 
 Section 9.23 Credit Inquiries. Borrower hereby authorizes the Administrative Agent and the Lenders (but they shall have no obligation) to respond, to the extent permitted by
Section 9.12, to usual and customary credit inquiries from third parties concerning Borrower or any of its Subsidiaries. 
 Section 9.24 Existing Senior Credit Agreement. 
 (a) Each of the
Lenders party hereto that is a “Lender” under the Existing Senior Credit Agreement hereby waives advance notice of any termination or reduction of commitments and prepayments of loans under the Existing Senior Credit
Agreement. 

  
 108

 AMENDED AND RESTATED ABL
CREDIT AGREEMENT 
  

 (b) Effective on the Closing Date, the Existing Senior Credit Agreement is hereby
amended and restated in its entirety hereby. The amendment and restatement of the Existing Senior Credit Agreement hereby shall not be construed to discharge or otherwise affect any obligations of the “Borrowers” (as defined
in the Existing Senior Credit Agreement) accrued or otherwise owing under the Existing Senior Credit Agreement that have not been paid, it being understood that such obligations shall continue as obligations hereunder. Without limiting the
generality of the foregoing, this Agreement is not intended to constitute a novation of the Existing Senior Credit Agreement. 

(c) Effective on the Closing Date and the satisfaction or waiver of all of the conditions thereto contained in Article IV hereof, each of
the “Borrowers” (as defined in the Existing Senior Credit Agreement) other than Navistar, Inc. (the “Released Borrowers”) shall automatically be released from all liabilities, obligations and
indebtedness owing by such Released Borrowers under this Agreement and the other Loan Documents (and including, for the avoidance of doubt, the Existing Senior Credit Agreement and the “Loan Documents” (as defined therein)), and all Liens
and security interests of the Administrative Agent in any and all of the property of the Released Borrowers created under the Loan Documents shall be automatically released and terminated. 

(d) Effective on the date hereof, the Lenders hereby waive any requirement set forth in the Security Agreement (as defined in the
Existing Senior Credit Agreement) in respect of the contemplated name change of Monaco RV, LLC to Navistar RV, LLC, which shall occur immediately prior to or contemporaneously with the effectiveness of this Agreement. 

[SIGNATURES APPEAR ON FOLLOWING PAGE] 

  
 109

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

			
	BORROWER:
	
	NAVISTAR, INC.
		
	By:	 	/S/ JAMES M. MORAN
	Name: James M. Moran
	Title:   Vice President and Treasurer

  
  
  

 
  
  

[Signature Page to Amended and Restated ABL Credit Agreement] 

 
			
	AGENTS AND LENDERS:
	
	BANK OF AMERICA, N.A., as Administrative Agent, Issuing Bank, Swingline Lender and a Lender
		
	 By:
	 	/S/ THOMAS J. BRENNAN
	 Name: Thomas J. Brennan

	 Title:   Senior Vice President

  
  
  

 
  
  

[Signature Page to Amended and Restated ABL Credit Agreement] 

 
			
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as a Joint Lead Arranger and as a Joint Book Manager
		
	 By:
	 	/S/ OTIS KU
	 Name: Otis Ku

	 Title:   Director

  
  
  

 
  
  

[Signature Page to Amended and Restated ABL Credit Agreement] 
  

 
			
	J.P. MORGAN SECURITIES LLC, as a Joint Lead Arranger and as a Joint Book Manager
		
	 By:
	 	/S/ GEOFFREY KIRIES
	 Name: Geoffrey Kiries

	 Title:   Executive Director

  
  
  

 
  
  

[Signature Page to Amended and Restated ABL Credit Agreement] 

 
			
	WELLS FARGO CAPITAL FINANCE, LLC, as a Joint Lead Arranger, as a Joint Book Manager, and as a Syndication Agent 
		
	 By:
	 	/S/ DAVID P. HILL
	 Name: David P. Hill

	 Title:   Vice President

  
  
  

 
  
  

[Signature Page to Amended and Restated ABL Credit Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A., as a Syndication Agent
		
	 By:
	 	/S/ RICHARD W. DUKER
	 Name: Richard W. Duker

	 Title:   Managing Director

  
  
  

 
  
  

[Signature Page to Amended and Restated ABL Credit Agreement] 

 
			
	CREDIT SUISSE SECURITIES (USA) LLC, as a Joint Book Manager
		
	 By:
	 	/S/ JAMES E. NAPPO
	 Name: James E. Nappo

	 Title:   Managing Director

		
	 By:
	 	/S/ MARK PADJEN
	 Name: Mark Padjen

	 Title:   Director

  
  
  

 
  
  

[Signature Page to Amended and Restated ABL Credit Agreement] 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Issuing Bank
		
	 By:
	 	/S/ ARI BRUGER
	 Name: Ari Bruger

	 Title:   Vice President

		
	 By:
	 	/S/ RAHUL PARMAR
	 Name: Rahul Parmar

	 Title:   Associate

  
  
  

 
  
  

[Signature Page to Amended and Restated ABL Credit Agreement] 
  

 EXHIBIT A 
 FORM OF ADMINISTRATIVE QUESTIONNAIRE 
  

			
	FAX ALONG WITH COMMITMENT LETTER TO:	 	  

	FAX #	 	  

  

					
	I. Borrower Name:	 	  

  

							
	$                         
                                         
                    	 	Type of Credit Facility	 	  

 II. Legal Name of Lender of Record for Signature Page: 

 
  
  

	 	•	 	 Signing Credit Agreement              YES
            NO 

	 	•	 	 Coming in via Assignment              YES
            NO 

  

			
	III. Type of Lender:	 	  

(Bank, Asset Manager, Broker/Dealer, CLO/CDO, Finance Company, Hedge Fund, Insurance, Mutual Fund, Pension Fund, Other Regulated Investment Fund,
Special Purpose Vehicle, Other – please specify) 
  

			
	IV. Domestic Address:	 	V. Eurodollar Address:
	  
	 	  

	  
	 	  

	  
	 	  

	  
	 	  

 VI. Contact Information: 
 Syndicate level information (which may contain material non-public information about the Borrower and its related parties or their respective securities will be made available to the Credit
Contact(s). The Credit Contacts identified must be able to receive such information in accordance with his/her institution’s compliance procedures and applicable laws, including Federal and State securities laws. 

 

							
	 	 	 Credit Contact
	 	 Primary

Operations Contact
	 	 Secondary

Operations Contact

				
	 Name:
	 	  
	 	  
	 	  

				
	 Title:
	 	  
	 	  
	 	  

				
	 Address:
	 	  
	 	  
	 	  

				
	 Telephone:
	 	  
	 	  
	 	  

				
	 Facsimile:
	 	  
	 	  
	 	  

  
 Ex. A-1

							
	E Mail Address:	  	  
	  	  
	  	  

				
	 IntraLinks E Mail

Address:
	  	  
	  	  
	  	  

 Does Secondary Operations Contact need copy of notices?         YES
        NO 
  

							
	 	  	 Letter of Credit

Contact
	  	 Contact
	  	 Draft Documentation

Legal Counsel

				
	 Name:
	  	  
	  	  
	  	  

				
	 Title:
	  	  
	  	  
	  	  

				
	 Address:
	  	  
	  	  
	  	  

				
	 Telephone:
	  	  
	  	  
	  	  

				
	 Facsimile:
	  	  
	  	  
	  	  

				
	 E Mail Address:
	  	  
	  	  
	  	  

 PLEASE CHECK IF YOU CAN FUND IN THE CURRENCIES REQUIRED FOR THIS TRANSACTION LISTED BELOW: 

 

											
	
             

	  	 US DOLLAR
	  	          
	  	  
	  	          
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  
	  	  

 VII. Lender’s SWIFT Payment Instructions for [Foreign Currency]: 

Pay to: 
  

					
		 	 (Bank Name)

 
	  	 
		 	 (SWIFT)

 
	  	(Country)
		 	 (Account #)

 
	  	(Account Name)
		 	 (FFC Account #)
  
	  	(FFC Account Name)
		 	(Attention)	  	 

 VII. Lender’s SWIFT Payment Instructions for [Foreign Currency]: 

Pay to: 
  

					
		 	 (Bank Name)

 
	  	 
		 	 (SWIFT)

 
	  	 (Country)

 

  
 Ex A-2

			
	  

	(Account #)	  	(Account Name)
	  

	(FFC Account #)	  	(FFC Account Name)
	  

	(Attention)	  	

 VII. Lender’s SWIFT Payment Instructions for [Foreign Currency]: 

Pay to: 
  

			
	  
 (Bank
Name)

	  

	(SWIFT)	  	(Country)
	  

	(Account #)	  	(Account Name)
	  

	(FFC Account #)	  	(FFC Account Name)
	  

	(Attention)	  	

 VII. Lender’s SWIFT Payment Instructions for [Foreign Currency]: 

Pay to: 
  

			
	  
 (Bank
Name)

	  

	(SWIFT)	  	(Country)
	  

	(Account #)	  	(Account Name)
	  

	(FFC Account #)	  	(FFC Account Name)
	  

	(Attention)	  	

 VIII. Lender’s Standby Letter of Credit, Commercial Letter of Credit, and Bankers’ Acceptance Fed Wire
Payment Instructions (if applicable): 
 Pay to: 
  

			
	  
 (Bank
Name)

	  

	(ABA #)	  	
	  

	(Account #)	  	
	  

	(Attention)	  	

 IX. Lender’s Fed Wire Payment Instructions: 
 Pay to: 
  

			
	  
 (Bank
Name)

  
 Ex. A-3

			
	  

	(ABA#)	  	(City/State)
	
	  

	(Account #)	  	(Account Name)
	
	  

	(Attention)	  	

 X. Organizational Structure and Tax Status 
 Please refer to the enclosed withholding tax instructions below and then complete this section accordingly: 
  

			
	Lender Taxpayer Identification Number (TIN):	  	            -
                        

 Tax Withholding Form Delivered to Bank of America*: 

 

			
	  
	  	W-9
		
	  
	  	W-8BEN
		
	  
	  	W-8ECI
		
	  
	  	W-8EXP
		
	  
	  	W-8IMY

 Tax Contact 

 

					
	Name:	  	  
	  	
			
	Title:	  	  
	  	
			
	Address:	  	  
	  	
			
	Telephone:	  	  
	  	
			
	Facsimile:	  	  
	  	
			
	E Mail Address:	  	  
	  	

 NON–U.S. LENDER INSTITUTIONS 
 1. Corporations: 
 If your institution is incorporated outside of the United States for U.S.
federal income tax purposes, and is the beneficial owner of the interest and other income it receives, you must complete one of the following three tax forms, as applicable to your institution: a.) Form W-8BEN (Certificate of Foreign Status of
Beneficial Owner), b.) Form W-8ECI (Income Effectively Connected to a U.S. Trade or Business), or c.) Form W-8EXP (Certificate of Foreign Government or Governmental Agency). 
 A U.S. taxpayer identification number is required for any institution submitting a Form W-8 ECI. It is also required on Form W-8BEN for certain institutions claiming the benefits of a tax treaty with the
U.S. Please refer to the instructions when completing the form applicable to your institution. In addition, please be advised that U.S. tax regulations do not permit the acceptance of faxed forms. An original tax form must be submitted.

  
 Ex. A-4

 2. Flow-Through Entities 
 If your institution is organized outside the U.S., and is classified for U.S. federal income tax purposes as either a Partnership, Trust, Qualified or Non-Qualified Intermediary, or other non-U.S.
flow-through entity, an original Form W-8IMY (Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. branches for United States Tax Withholding) must be completed by the intermediary together with a withholding statement.
Flow-through entities other than Qualified Intermediaries are required to include tax forms for each of the underlying beneficial owners. 

Please refer to the instructions when completing this form. In addition, please be advised that U.S. tax regulations do not permit the acceptance of
faxed forms. Original tax form(s) must be submitted. 
 U.S. LENDER INSTITUTIONS: 

If your institution is incorporated or organized within the United States, you must complete and return Form W-9 (Request for Taxpayer Identification
Number and Certification). Please be advised that we require an original form W-9. 
 Pursuant to the language contained in the tax
section of the Credit Agreement, the applicable tax form for your institution must be completed and returned on or prior to the date on which your institution becomes a lender under this Credit Agreement. Failure to provide the proper tax form when
requested will subject your institution to U.S. tax withholding. 
  

	*	Additional guidance and instructions as to where to submit this documentation can be found at this link: 

 
 

 
 XI. Bank of America Payment Instructions: 

 

	Pay to:	Bank of America, N.A. 

ABA # 026009593 

New York, NY 

Acct. # 9369337536 
 Acct. Name: Bank of America Business Capital 
 Ref: Name of Facility 

  
 Ex. A-5

 EXHIBIT B 
 FORM OF ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (the
“Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the
“Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Amended and Restated ABL Credit Agreement identified below (as amended, amended and restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex I attached hereto are hereby agreed to and incorporated herein by
reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, the
Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant
thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit, guarantees, and
swingline loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether
known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including
contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned
pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment
and Assumption, without representation or warranty by the Assignor. 
  

							
	1.	  	 Assignor:
	 	  
	  	
				
	2.	  	 Assignee:
	 	  
	  	

  
 Ex. B-1

							
			
		  		 	[and is an Affiliate/Approved Fund of [identify Lender]1]
			
	3.	  	Borrower	 	Navistar, Inc.
			
	4.	  	Administrative Agent:	 	Bank of America, N.A., as administrative agent under the Credit Agreement.
			
	5.	  	Credit Agreement	 	The Amended and Restated ABL Credit Agreement dated as of August [     ], 2012, among, inter alia, Navistar, Inc., a Delaware corporation (the
“Borrower”), the Lenders (as therein defined) from time to time party thereto, Bank of America, N.A., as administrative agent for the Lenders thereunder (“Bank of America” or, together with any successor
administrative agent appointed pursuant thereto, in such capacity and including any permitted successor or assign, the “Administrative Agent”), and the other parties party thereto.
			
		  		 	
			
		  	Assigned Interest	 	

  

					
	 Aggregate Amount of

Commitment/Loans
	  	 Amount of

Commitment/Loans

Assigned
	  	Percentage Assigned
of
Commitment/Loans2
	 $
	  	$	  	%
	 $
	  	$	  	%
	 $
	  	$	  	%

 Effective Date:                ,
201        [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 
  

 

	1 	 Select as applicable. 

	2 	 Set forth, to at least [9] decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

  
 Ex. B-2

 
			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	 By:
	 	 
		 	Name:
		 	Title:

  

			
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	 By:
	 	 
		 	Name:
		 	Title:

 Consented to and Accepted: 
 BANK OF AMERICA, N.A., as Administrative Agent, Swingline 
 Lender and Issuing Bank 

 

			
		
	 By:
	 	 
		 	Name:
		 	Title:

  

			
		
	 By:
	 	 
		 	Name:
		 	Title:

  
 Ex. B-3

			
	[ISSUING BANK], as Issuing Bank
		
	 By:
	 	 
		 	Name:
		 	Title:

  

			
	 [Consented to:3
 NAVISTAR,
INC., as Borrower

		
	 By:
	 	 
		 	Name:
		 	Title:]

  
  

	3 	 The consent of the Borrower is necessary in the circumstances set forth in Section 9.04(b) of the Credit Agreement.

  
 Ex. B-4

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 

Item 1. Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of
any lien, encumbrance or other adverse claim, (iii) its Commitment, and the outstanding balances of its Revolving Loans, in each case without giving effect to assignments thereof which have not become effective, are as set forth herein, and
(iv) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to
(i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan
Documents or any collateral thereunder, (iii) the financial condition of the Borrowers, any of their Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the
Borrowers, any of their Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 
 1.2 Assignee. The Assignee (a) represents and warrants that (i) it is an Eligible Assignee and has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to
be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned
Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements referred to in Section 3.08 or delivered pursuant to
Section 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the
basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) attached to the Assignment and Assumption is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on
such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, (ii) it appoints and authorizes the Administrative Agent to take such
action on its behalf and to exercise such powers under the Credit Agreement as are delegated to the Administrative Agent, by the terms thereof, together with such powers as are reasonably incidental thereto, and (iii) it will perform in
accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

  
 Ex. B-5

 2. Payments. From and after the Effective Date, the Administrative Agent shall
make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have
accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be
binding upon, and inure to the benefit of, the parties hereto and their respective permitted successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.
Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile or other electronic means shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and
Assumption shall be construed in accordance with and governed by the laws of the State of New York. 

  
 Ex. B-6

 EXHIBIT C 
 FORM OF BORROWING BASE CERTIFICATE 

  
 Ex. 3C-1

									
	 Navistar,          Inc. - PDC Only

Report #:         Report Date: xx/xx/xxxx
	  	Parts	 	  	Grand
Total	 
	 Gross (per perpetuals) (in $000's)
	  	 	—  	  	  	 	—  	  
	 Ineligible
	  	  
	 —  
	   
	  	 	—  	  
	 Eligible Inventory
	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 
	 Advance Rate (lesser of 65% or 85% NOLV)
	  				  			
		  	  
	  
	 	  	  
	  
	 
	 Gross Available
	  	 	—  	  	  	 	—  	  
	 Gross-After Category Limits
	  	 	—  	  	  	 	—  	  
	 Less:
	  				  			
	 Reserve for A/P Contra
	  				  			
	 Rent Reserve (3 mo's)
	  				  			
		  	  
	  
	 	  	  
	  
	 
	 Subtotal Reserves (Limited to $3.75MM)
	  				  	 	—  	  
	 Availability before Line Limit
	  				  	 	—  	  
	 Suppressed Availablity
	  				  	 	—  	  
		  				  	  
	  
	 
	 Availability Net of Suppressed
	  				  	 	—  	  
	 Less: Reserves in Excess of $3.75MM
	  				  	 	—  	  
	 Less: Liquidity Block
	  				  			
		  				  	  
	  
	 
	 Net Availability
	  				  	 	—  	  
	 Less: Total Revolving Loan Balance
	  				  	 	—  	  
	 Less: Letters of Credit
	  				  	 	—  	  
		  				  	  
	  
	 
	 Remaining Availability
	  				  	 	—  	  
	 Appraised NOLV
	  				  			
	 NOLV @ 85%
	  				  			

 Navistar, Inc. (the “Company”), by its duly authorized officer signing below, hereby certifies
that (a) the information set forth in this certificate is true and correct as of the date(s) indicated herein and (b) the Company is in compliance with all terms and provisions contained in (i) the loan or other agreement between the
Company and Bank of America NA pursuant to which this certificate is delivered (the “Agreement”) and (ii) any and all documents, instruments and agreements evidencing, governing or securing the Agreement or otherwise
executed in connection therewith. 
  

					
	Prepared by:	  	 	  	
			
	Authorized Signature:	  	 	  	

  

	(1)	If this document is being transmitted electronically, the Borrower acknowledges that by entering the name of its duly authorized officer on the Certificate, that
officer has reviewed the Certificate and affirmed the representations, warranties and certifications referenced above. 

 Bank of America Business Capital Field Examination 

 

									
	 CONSOLIDATING AVAILABILITY SCHEDULE
	  	CURR. EXAM	 
	 (Use $000's)
	  	 	 	  	 	 
	 Navistar, Inc.
	  	xx/xx/2012	 	  	Parts
Distribution
Centers
(PDC)	 
	 PARTS INVENTORY: (Includes In-Transit)

Ineligible Inventory
	  	-	 	  	 	 
	 Unexplained Variance in Reconciliation
	  	 	—  	  	  			
	 Service Parts (perpetual)
	  	 	—  	  	  			
	 Consigned Inventory (perpetual)
	  	 	—  	  	  			
	 DSW/NON-Lost Material Warehouses (perpetual)
	  	 	—  	  	  			
	 RTV-Return to Vendor Warehouse (perpetual)
	  	 	—  	  	  			
	 Obsolete & Surplus Calculations (GL & Actual)-RM
	  	 	—  	  	  			
	 Book Std. to Actual Cost Write-down-LCM (GLvsPerp)
	  	 	—  	  	  			
	 Inventory Located at Rollins Storage, Springfield, OH
	  	 	—  	  	  	 	—  	  
	 Inventory Revaluation Contra (GL)
	  	 	—  	  	  	 	—  	  
	 Perpetual to GL Overstatement
	  	 	—  	  	  			
	 In-Transit (On Water, 3rd Party Suppliers, between PDCs)
	  	 	—  	  	  			
	 Suppliers' Inventory
	  	 	—  	  	  			
	 Inter-Company Profit in Inventory
	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 
	 Total Parts Ineligible Inventory

Net Eligible Parts Inventory
	  	 
 	—  
—  	  
  	  	 
 	—  
—  	  
  
		  	  
	  
	 	  	  
	  
	 
	 Advance Rates (Lesser of 65% or 85% of NOLV)

Parts Inventory Availability
	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 
	 TOTAL INVENTORY AVAILABILITY
	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 
			
	 Reserves
	  				  			
	 Less: Rent Reserve (3 months)
	  				  			
	 Less: A/P to O/S Processors without Access Agreements
	  	 	—  	  	  			
	 Less: Reserve for A/P Contra
	  				  			
	 Reserves in excess of $3,750
	  	 	—  	  	  			
		  	  
	  
	 	  	  
	  
	 
	 Total Reserves
	  	 	—  	  	  			
		  	  
	  
	 	  			
	 Total Inventory Availability After Reserves
	  	 	—  	  	  			
		  	 	—  	  	  			
	 Total Inventory Availability
	  	 	—  	  	  			
		  	  
	  
	 	  			
	 Maximum US Revolver
	  				  			
		  	  
	  
	 	  			
	 US Availability Before Liquidity Block
	  	 	—  	  	  			
	 Less: Availability Block (Greater of 20% or $30MM)
	  				  			
	 Less: Reserves in excess of $3,750M
	  	 	—  	  	  			
		  	  
	  
	 	  			
	 Inventory / US Availability
	  	 	—  	  	  			
		  	  
	  
	 	  			
	 Total Availability Before Letters of Credit
	  	 	—  	  	  			
	 Less: Total Revolving Balance
	  				  			
		  	  
	  
	 	  			
	 Less: Letters of Credit *
	  				  			
	 NET AVAILABILITY (SHORTFALL)
	  	 	—  	  	  			
		  	  
	  
	 	  			
			
	 Suppressed Availability Calculation:
	  				  			
	 AR Availability
	  	 	—  	  	  			
	 Inventory Availability
	  	 	—  	  	  			
		  	  
	  
	 	  			
	 Total Availability
	  	 	—  	  	  			
		  	  
	  
	 	  			
	 AR Limit
	  				  			
	 Inventory Limit
	  				  			
		  	  
	  
	 	  			
	 Total Limit
	  	 	—  	  	  			
		  	  
	  
	 	  			
	 Suppressed Availability
	  	 	—  	  	  			
		  	  
	  
	 	  			

  
 131

 EXHIBIT D 
 FORM OF PERFECTION CERTIFICATE 

  
 Ex. D-1

 PERFECTION CERTIFICATE 

Reference is hereby made to the AMENDED AND RESTATED ABL CREDIT AGREEMENT (the “Agreement”), dated as of August 17,
2012, among NAVISTAR, INC., a Delaware corporation (the “Borrower”), THE LENDERS as from time to time party thereto, BANK OF AMERICA, N.A., as administrative agent for the Lenders (“Bank of America”, in such
capacity and including any permitted successor or assign, the “Administrative Agent”), and the other parties thereto. Capitalized terms used herein and not otherwise defined have the respective meanings assigned in the Agreement

 The undersigned hereby certifies, solely in such person’s capacity as an officer and not individually, to the
Administrative Agent as follows as of the date hereof: 
 1. Names. (a) The exact legal name of the Borrower,
as such name appears in its certificate of incorporation or other applicable organizational document, is as set forth in Schedule 1(a) hereto. The Borrower is (i) the type of entity disclosed next to its name in
Schedule 1(a) and (ii) a registered organization except to the extent otherwise disclosed in Schedule 1(a) . Also set forth in Schedule 1(a) is the organizational identification number of
the Borrower, the Federal Taxpayer Identification Number of the Borrower and the jurisdiction of formation of the Borrower. 

(b) Set forth in Schedule 1(b) hereto is each other corporate or organizational name the Borrower has had in the
past year, together with the date of the relevant name change, and attached to such schedule are all amended certificates of incorporation or certificates of formation and any attachments thereto filed with the relevant state authority or other
related corporate documents. 
 (c) Set forth in Schedule 1(c) hereto is a list of any other business or
organization to which the Borrower became the successor by merger, consolidation, acquisition, change in form, nature or jurisdiction of organization or otherwise, in the past year and attached to such schedule are all certificates of merger and any
attachments thereto filed by the Borrower with the relevant state authority. Also set forth in Schedule 1(c) is the information required by Section 1 of this certificate for any other business or organization to which the
Borrower became the successor by merger, consolidation, acquisition, change in form, nature or jurisdiction of organization or otherwise, in the past year, and attached to such schedule are all related certificates of merger and any attachments
thereto filed with the relevant state authority. 
 2. Current Locations. (a) The chief executive office of the Borrower is located
at the address set forth in Schedule 2(a) hereto. 

  
 1 

 (b) Attached hereto as Schedule 2(b) hereto is a list that includes
all locations where the Borrower maintains any material books or records relating to any Collateral. 
 (c) Set forth in
Schedule 2(c) hereto are all of the parts distribution centers where the Borrower maintains any of the Parts Inventory (as defined in the Security Agreement). 

(d) Set forth in Schedule 2(d) hereto are all of the storage facilities where the Borrower maintains any of the
Parts Inventory. 
 (e) Set forth in Schedule 2(e) hereto are all of the third party processor or logistics
provider locations where the Borrower maintains any of the Parts Inventory. 
 3. Good Standing. Attached hereto as
Schedule 3 is the good standing certificate or certificate of status of the Borrower dated within 45 days of the date hereof from the relevant authority. 
 4. File Search Reports. Attached hereto as Schedule 4 is a true and accurate summary of the file search reports from (a) each jurisdiction identified in Section 1(a) with
respect to each legal name set forth in Section 1, and (b) each jurisdiction described in Schedule 1(c) relating to any of the transactions described in Schedule 1(c) with respect to each legal name of
the person or entity from which the Borrower purchased or otherwise acquired any of the Collateral or merged or consolidated with or acquired. 

5. Collateral Filings. (a) Attached hereto as Schedule 5(a) are copies of UCC-1 financing statements, in each case, duly
authorized by the Borrower constituting a debtor (or the equivalent thereof under the laws of each relevant jurisdiction) containing the indications of the Collateral, which are to be filed in the filing offices in the jurisdictions identified in
Schedule 6 hereto. 
 (b) Attached as Schedule 5(b) are copies of the UCC-3 financing
statement amendments, which are to be filed in the filing offices in the jurisdictions identified in Schedule 6 hereto. 
 6.
Schedule of Filings. Attached hereto as Schedule 6 is a schedule setting forth, with respect to the filings described in Section 5 above, (i) each filing and the appropriate filing office in which such filing is
to be made and (ii) any other actions required to create, preserve, protect and perfect the security interests in the Collateral. No other filings or actions are required to create, preserve, protect and perfect such security interests in the
Collateral as of the date hereof. 
 7. Pledged Accounts. Attached hereto as Schedule 7 is a true and complete list of
all Pledged Accounts (as defined in the Security Agreement) maintained by the Borrower. 
 8. Counterparts. This Perfection Certificate
may be executed in two or more counterparts, each of which shall constitute an original but all of which, when taken together, shall constitute but one Perfection Certificate. Delivery of a counterpart by facsimile or pdf electronic transmission
shall constitute delivery of an original. 
 [THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK] 

  
 2 

 IN WITNESS WHEREOF, we have hereunto signed this Perfection Certificate as of the
date first above written. 
  

			
	NAVISTAR, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  
 3 

 Schedule 1(a) 

Exact legal name of the Borrower, as such name appears in its certificate of incorporation, type 

of entity, organizational identification number, if any, Federal Taxpayer Identification Number and the jurisdiction of formation

  

									
	Name	 	Type of Entity	 	 Jurisdiction of
 Formation
	 	 Organizational
 Identification
 Number
	 	Tax ID Number

  

  
 4 

 Schedule 1(b) 

Each corporate or organizational name the Borrower has had in the past year, together with the date of the relevant change 

  
 5 

 Schedule 1(c) 

List of all other names used by the Borrower, or any other business or organization to which the Borrower became the successor by merger,
consolidation or otherwise, in the past year 

  
 6 

 Schedule 2(a) 

Chief Executive Office of the Borrower 

  
 7 

 Schedule 2(b) 

Locations of material books or records relating to any Collateral 

  
 8 

 Schedule 2(c) 

All of the parts distribution centers where the Borrower maintains any Parts Inventory 

 

					
	Location	 	Address	 	Description

  

  
 9 

 Schedule 2(d) 

All of the storage facilities where the Borrower maintains any Parts Inventory 

 

					
	Location	 	Address	 	Description

  

  
 10 

 Schedule 2(e) 

All of the third party processor or logistics provider locations where the Borrower maintains any Parts Inventory 

 

					
	Location	 	Address	 	Description

  

  
 11 

 Schedule 3 

Good standing certificate or certificate of status of the Borrower 

  
 12 

 Schedule 4 

Summary of the file search reports, financing statements and other filings 

  
 13 

 Schedule 5(a) 

UCC-1 financing statements 

  
 14 

 Schedule 5(b) 

UCC-3 financing statement amendments 

  
 15 

 Schedule 6 

Filings and the relevant Filing Office 
  

			
	 Filing
	 	 Filing Office

 

  
 16 

 Schedule 7 

Pledged Accounts 
  

							
	 No.                
	  	Name of Account	  	Account Bank	  	Account Number

 

  
 17 

 EXHIBIT A 
 SUMMARY OF FILE SEARCH REPORTS 

 EXHIBIT B 
 UCC-1 FINANCING STATEMENTS 

 EXHIBIT C 
 UCC-3 FINANCING STATEMENT AMENDMENTS 

 EXHIBIT E 
 FORM OF LETTER OF CREDIT REQUEST 
 [Applicable Issuing Bank],1 
 as Issuing Bank 
  

			
	 Attention:    
	 	[Name]
		 	[Address]
		 	Fax: [•]
		
	with a copy to:	 	Bank of America, N.A.,
		 	as Administrative Agent for the Lenders referred to below
	Attention: [   ]	 	

 [Date] 
 Ladies and Gentlemen: 
 We hereby request that
[•]2, as an Issuing Bank, in its individual
capacity, issue a [Standby][Commercial] Letter of Credit on [•]3, which Letter of Credit shall be denominated in Dollars, shall be in the aggregate amount of [•]4 and shall be for the account of Borrower. For the purposes of this Letter of Credit Request, unless otherwise defined
herein, all capitalized terms used herein and defined in the Amended and Restated ABL Credit Agreement dated as of August [ ], 2012 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among, inter alia, Navistar, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, Bank of America, N.A., as administrative agent for the Lenders thereunder
(“Bank of America” or, together with any successor administrative agent appointed pursuant thereto, in such capacity and including any permitted successor or assign, the “Administrative Agent”), and the other
parties party thereto, shall have the respective meaning assigned to such terms in the Credit Agreement. The beneficiary of the requested Letter of Credit is [•]5, and such Letter of Credit will have a stated expiration date of [•]6. 

 

	1 	 Insert name and address of the applicable Issuing Bank. 

	2 	 Insert name of the applicable Issuing Bank. 

	3 	 Insert date of issuance, which must be a Business Day. 

	4 	 Insert aggregate initial amount of the Letter of Credit. 

	5 	 Insert name and address of beneficiary. 

	6 	 Date may not be later than the date referred to in Section 2.06(c) of the Credit Agreement. 

  
 Ex. E-1

 The undersigned hereby certifies in his capacity as an officer of the Borrower, and not
individually, that immediately before and immediately after giving effect to the issuance of the Letter of Credit requested hereby, the issuance of such Letter of Credit (and the incurrence or existence of the Liens created pursuant to the Loan
Documents) is permitted under all material Debt of Borrower (including (a) the 2009 Senior Note Indenture, including Section 3.10(c) thereof, (b) the 2009 Senior Subordinated Convertible Note Indenture, (c) the Recovery Zone
Bonds Loan Agreements, including Section 4.07(c) thereof, (d) the Term Loan Agreement and (e) any other material Debt for Borrowed Money of or binding upon Borrower or its properties) and that no default or event of default thereunder
would immediately arise as a result of such or issuance, amendment, renewal, extension or conversion. 
  

			
	NAVISTAR, INC., as Borrower
		
	By:	 	 
		 	Name:
		 	Title:

  
 Ex. E-2

 EXHIBIT F 
 FORM OF BORROWING REQUEST 
 Bank of America, N.A., 

as Administrative Agent for the Lenders referred to below 
 [ADDRESS] 
 Attention: [ ] 

[•], 201[•]1 
 Ladies and Gentlemen: 
 Reference is made to the Amended and Restated ABL Credit
Agreement dated as of August [ ], 2012, among, inter alia, Navistar, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, Bank of America, N.A., as administrative agent for the Lenders
thereunder (“Bank of America” or, together with any successor administrative agent appointed pursuant thereto, in such capacity and including any permitted successor or assign, the “Administrative Agent”), and the
other parties party thereto (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Terms defined in the Credit Agreement are used herein with the same meanings. 

The undersigned hereby gives you notice pursuant to Section 2.03 of the Credit Agreement that it requests a Borrowing under the
Credit Agreement, and in that connection sets forth below the terms on which such Borrowing is requested to be made: 
  

	(A)	 Aggregate Amount of Borrowing2 

  

	(B)	Date of Borrowing (which shall be a Business Day) 

 

	1 	 Must be notified in writing or by telephone (with such telephonic notification to be confirmed promptly in writing by hand delivery, facsimile or a
“pdf” or other electronic transmission) (i) in the case of a LIBOR Borrowing, not later than 1:00 p.m., Chicago time, three Business Days before the date of the proposed Borrowing or (ii) in the case of a Base Rate Borrowing
(including any such notice of a Base Rate Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)), not later than 12:00 noon, Chicago time, on the date of the proposed Borrowing.

	2 	 Not less than the minimum principal amount as indicated in Section 2.02(c), and in an integral multiple as indicated therein.

  
 Ex. F-1

	(C)	 Type of
Borrowing3 

 

	(D)	 Interest Period and the last day thereof (in the case of a LIBOR Borrowing)4 

  

	(E)	Account Number and Location 

The undersigned hereby certifies in his capacity as an officer of the Borrower, and not individually, that, immediately before and
immediately after giving effect to the Borrowing requested hereby, such Borrowing (and the incurrence or existence of the Liens created pursuant to the Loan Documents) is permitted under all material Debt of Borrower (including (a) the 2009
Senior Note Indenture, including Section 3.10(c) thereof, (b) the 2009 Senior Subordinated Convertible Note Indenture, (c) the Recovery Zone Bonds Loan Agreements, including Section 4.07(c) thereof, (d) the Term Loan
Agreement and (e) any other material Debt for Borrowed Money of or binding upon Borrower or its properties) and that no default or event of default thereunder would immediately arise as a result of such Borrowing. 

 

			
	NAVISTAR, INC., as Borrower
		
	By:	 	 
		 	Name:
		 	Title:

   

 

	3 	 Specify a Base Rate Borrowing or a LIBOR Borrowing. 

	4 	 The initial Interest Period applicable to a LIBOR Borrowing shall be subject to the definition of “Interest Period”.

  
 Ex. F-2

 EXHIBIT G 
 FORM OF [AMENDED AND RESTATED] PROMISSORY NOTE 
  

			
	$[    ]	  	New York, New York
		  	[•], 201[•]

 FOR VALUE RECEIVED, the undersigned, NAVISTAR, INC., a Delaware corporation (the
“Borrower”), hereby promises to pay to [            ] (the “Lender”) or its registered assigns, at the office of Bank of America, N.A. (the
“Administrative Agent”) at [ADDRESS], on the dates and in the amounts set forth in the Amended and Restated ABL Credit Agreement dated as of August [ ], 2012 (as the same may be amended, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, the Lenders from time to time party thereto, Bank of America, N.A., as administrative agent for the Lenders thereunder (“Bank of
America” or, together with any successor administrative agent appointed pursuant thereto, in such capacity and including any permitted successor or assign, the “Administrative Agent”), and the other parties party thereto,
in lawful money of the United States of America in immediately available funds, the aggregate unpaid principal amount of all Loans made by the Lender to the Borrower pursuant to the Credit Agreement and to pay interest from the date of such Loans on
the principal amount thereof from time to time outstanding, in like funds, at said office, at the rate or rates per annum and payable on the dates provided in the Credit Agreement. Terms used but not defined herein shall have the meanings assigned
to them in the Credit Agreement. 
 Borrower promises to pay interest, on written demand, on any overdue principal and, to the
extent permitted by law, overdue interest from the due dates at a rate or rates provided in the Credit Agreement. 
 Borrower
hereby waives diligence, presentment, demand, protest and notice of any kind whatsoever. The nonexercise by the holder hereof of any of its rights hereunder in any particular instance shall not constitute a waiver thereof in that or any other
instance. 
 All borrowings evidenced by this promissory note and all payments and prepayments of the principal hereof and
interest hereon and the respective dates thereof shall be endorsed by the holder hereof on the schedules attached hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof, or otherwise recorded
by such holder in its internal records; provided, however, that the failure of the holder hereof to make such a notation or any error in such notation shall not affect the obligations of the Borrower under this promissory note. 

[This promissory note is being issued as a replacement for, and in substitution of, the original Promissory Note, dated as of
October 18, 2011 (the “Original Note”), issued pursuant to 

  
 Ex. G-1

 
the ABL Credit Agreement, dated as of October 18, 2011, among the Borrower, IC Bus, LLC, an Arkansas limited liability company, SST Truck Company LLC, a Delaware limited liability company,
IC Bus of Oklahoma, LLC, a Delaware limited liability company, Navistar Diesel of Alabama, LLC, a Delaware limited liability company, Monaco RV, LLC (f/k/a Navistar RV, LLC), a Delaware limited liability company, Navistar Big Bore Diesels, LLC, a
Delaware limited liability company and Workhorse Custom Chassis, LLC, an Illinois limited liability company, the Lenders from time to time party thereto, Bank of America, N.A., as administrative agent for the Lenders thereunder, and the other
parties party thereto in favor of the Lender in the original maximum principal amount of $[•], provided that this promissory note is not intended to be a novation of the obligations or liabilities existing under the Original
Note.]14 

This promissory note is one of the promissory notes referred to in the Credit Agreement that, among other things, contains provisions for
the acceleration of the maturity hereof upon the happening of certain events, for optional and mandatory prepayment of the principal hereof prior to the maturity hereof and for the amendment or waiver of certain provisions of the Credit Agreement,
all upon the terms and conditions therein specified. This promissory note is entitled to the benefit of the Credit Agreement and is guaranteed and secured as provided therein and in the other Loan Documents referred to in the Credit Agreement. THIS
PROMISSORY NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
  

			
	NAVISTAR, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  

	14 	 To be included in notes issued in replacement of notes issued under the Original Credit Agreement. 

  
 Ex. G-2

 Schedule A to Note 

LOANS, CONVERSIONS AND REPAYMENTS OF BASE RATE LOANS 
  

													
	 Date
	 	 Amount of
 Base Rate

Loans
	 	 Amount

Converted

to Base

Rate Loans
	  	 Amount of
 Principal of
 Base Rate

Loans
 Repaid
	  	Amount of
Base Rate
Loans
Converted
to LIBOR
Loans	  	Unpaid
Principal
Balance of
Base Rate
Loans	  	Notation
Made By

 

  
 Ex. G-3

 Schedule B to Note 

LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF LIBOR LOANS 

 

													
	 Date
	 	 Amount of
 LIBOR

Loans
	 	 Amount
 Converted
 to LIBOR

Loans
	  	Interest
Period and
LIBOR
with
Respect
Thereto	  	Amount of
Principal of
LIBOR
Loans
Repaid	  	Unpaid
Principal
Balance of
LIBOR
Loans	  	Notation
Made By

 

  
 Ex. G-4

 EXHIBIT H 
 FORM OF SECURITY AGREEMENT 

  
 Ex. H-1

 AMENDED AND RESTATED SECURITY AGREEMENT 

Dated as of August 17, 2012 
 By and Among 
 NAVISTAR, INC. 

as Grantor, 
 and

 BANK OF AMERICA, N.A., 
 as Administrative Agent 

 SECURITY AGREEMENT 

 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	ARTICLE I	 
	
	DEFINITIONS	  
			
	 Section 1.1
	 	Terms Defined in Credit Agreement	  	 	1	  
	 Section 1.2
	 	Terms Defined in UCC	  	 	2	  
	 Section 1.3
	 	Definitions of Certain Terms Used Herein	  	 	2	  
	
	ARTICLE II	  
	
	GRANT OF SECURITY INTEREST	  
	
	ARTICLE III	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	 Section 3.1
	 	Title, Perfection and Priority	  	 	7	  
	 Section 3.2
	 	Pledged Accounts Information	  	 	7	  
	 Section 3.3
	 	Accounts and Chattel Paper	  	 	8	  
	 Section 3.4
	 	Parts Inventory	  	 	8	  
	 Section 3.5
	 	No Financing Statements, Security Agreements	  	 	9	  
	 Section 3.6
	 	[Reserved]	  	 	9	  
	 Section 3.7
	 	Perfection Certificate	  	 	9	  
	
	ARTICLE IV	  
	
	COVENANTS	  
			
	 Section 4.1
	 	General	  	 	9	  
	 Section 4.2
	 	Receivables	  	 	12	  
	 Section 4.3
	 	Parts Inventory Count; Parts Inventory Reporting System	  	 	13	  
	 Section 4.4
	 	Delivery of Instruments, Chattel Paper and Documents	  	 	13	  
	 Section 4.5
	 	Pledged Accounts	  	 	13	  
	 Section 4.6
	 	No Interference	  	 	14	  
	 Section 4.7
	 	Insurance	  	 	14	  
	 Section 4.8
	 	Collateral Access Agreement and Certain Payments	  	 	14	  

  
 i 

 SECURITY AGREEMENT 

 

							
	ARTICLE V	 
	
	REMEDIES	  
			
	 Section 5.1
	 	Remedies	  	 	15	  
	 Section 5.2
	 	Grantor’s Obligations Upon Default	  	 	16	  
	 Section 5.3
	 	License	  	 	17	  
	
	ARTICLE VI	  
	
	ACCOUNT VERIFICATION; ATTORNEY IN FACT	  
			
	 Section 6.1
	 	Account Verification	  	 	17	  
	 Section 6.2
	 	Authorization for Secured Party to Take Certain Action	  	 	17	  
	 Section 6.3
	 	[Reserved]	  	 	18	  
	 Section 6.4
	 	NATURE OF APPOINTMENT; LIMITATION OF DUTY	  	 	18	  
	
	ARTICLE VII	  
	
	GENERAL PROVISIONS	  
			
	 Section 7.1
	 	Waivers	  	 	19	  
	 Section 7.2
	 	Limitation on Administrative Agent’s and Secured Party's Duty with Respect to the Collateral	  	 	19	  
	 Section 7.3
	 	Compromises and Collection of Collateral	  	 	20	  
	 Section 7.4
	 	Secured Party Performance of Debtor Obligations	  	 	21	  
	 Section 7.5
	 	Specific Performance of Certain Covenants	  	 	21	  
	 Section 7.6
	 	Dispositions Not Authorized	  	 	21	  
	 Section 7.7
	 	No Waiver; Amendments; Cumulative Remedies	  	 	21	  
	 Section 7.8
	 	Limitation by Law; Severability of Provisions	  	 	22	  
	 Section 7.9
	 	Reinstatement	  	 	22	  
	 Section 7.10
	 	Benefit of Agreement	  	 	22	  
	 Section 7.11
	 	Survival of Representations	  	 	22	  
	 Section 7.12
	 	Expenses	  	 	22	  
	 Section 7.13
	 	Reserved	  	 	23	  
	 Section 7.14
	 	Headings	  	 	23	  
	 Section 7.15
	 	Termination or Release	  	 	23	  
	 Section 7.16
	 	Entire Agreement	  	 	23	  
	 Section 7.17
	 	CHOICE OF LAW	  	 	24	  
	 Section 7.18
	 	CONSENT TO JURISDICTION	  	 	24	  
	 Section 7.19
	 	WAIVER OF JURY TRIAL	  	 	24	  
	 Section 7.20
	 	Indemnity	  	 	24	  
	 Section 7.21
	 	Counterparts	  	 	25	  
	 Section 7.22
	 	Existing Security Agreement	  	 	25	  

  
 ii 

 SECURITY AGREEMENT 

 

							
	ARTICLE VIII	 
	
	NOTICES	  
			
	 Section 8.1
	 	Sending Notices	  	 	25	  
	 Section 8.2
	 	Change in Address for Notices	  	 	26	  
	ARTICLE IX	  
	
	THE ADMINISTRATIVE AGENT	  
			
	 Section 9.1
	 	The Administrative Agent	  	 	26	  

 Schedules 

Schedule 4.1(h) — Designated Parts Locations 
 Exhibits 
 Exhibit A — Offices in which financing statements and Security
Agreements have been filed 
 Exhibit B — Details of Pledged Accounts 
 Exhibit C — Form of Amendment 
 Exhibit D — Form of Perfection Certificate

 Exhibit E — Form of Additional Designated Parts Locations and Additional Pledged Accounts Certificate 

  
 iii

 AMENDED AND RESTATED SECURITY AGREEMENT 

AMENDED AND RESTATED SECURITY AGREEMENT (as it may be amended, amended and restated, supplemented or otherwise modified from time to
time, this “Security Agreement”), dated as of August 17, 2012, by and among NAVISTAR, INC., a Delaware corporation (the “Grantor”) and BANK OF AMERICA, N.A., as administrative agent for the Lenders hereunder
(“Bank of America” or, together with any successor administrative agent appointed pursuant hereto, in such capacity and including any permitted successor or assign, the “Administrative Agent”). 

PRELIMINARY STATEMENT 
 Reference is made to (a) the Existing Senior Credit Agreement (as defined in the Credit Agreement referred to below) and (b) the Security Agreement dated as of October 18, 2011 (the
“Existing Security Agreement”), by and among Grantor, IC Bus, LLC, an Arkansas limited liability company, SST Truck Company LLC, a Delaware limited liability company, IC Bus of Oklahoma, LLC, a Delaware limited liability company,
Navistar Diesel of Alabama, LLC, a Delaware limited liability company, Monaco RV, LLC, a Delaware limited liability company, Navistar Big Bore Diesels, LLC, a Delaware limited liability company and Workhorse Custom Chassis, LLC, an Illinois limited
liability company, the lenders from time to time party thereto, and Bank of America, N.A., as administrative agent for the Lenders thereunder. The Existing Senior Credit Agreement is being amended and restated in its entirety pursuant to and in
accordance with the Amended and Restated ABL Credit Agreement, dated as of the date hereof (as it may be amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the
Grantor, the lenders from time to time party thereto, the Administrative Agent and the other parties thereto. The amendment and restatement of the Existing Senior Credit Agreement pursuant to the Credit Agreement is conditioned upon, among other
things, the execution and delivery of this Agreement in order to amend and restate in its entirety the Existing Security Agreement. 
 ACCORDINGLY, the parties hereto hereby agree as follows: 
 ARTICLE I

 DEFINITIONS 
 Section 1.1 Terms Defined in Credit Agreement. All capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Credit Agreement. In addition, the
provisions of Sections 1.03 through 1.08 of the Credit Agreement, as applicable, are incorporated herein. 

 SECURITY AGREEMENT 

 

 Section 1.2 Terms Defined in UCC. Terms defined in the UCC that are not otherwise
defined in this Security Agreement or the Credit Agreement are used herein as defined in the UCC. 
 Section 1.3 Definitions
of Certain Terms Used Herein. As used in this Security Agreement, in addition to the terms defined in the preamble and Preliminary Statement above, the following terms shall have the following meanings: 

“Account” shall have the meaning set forth in Article 9 of the UCC. 

“Article” means a numbered article of this Security Agreement, unless another document is specifically referenced.

 “Chattel Paper” shall have the meaning set forth in Article 9 of the UCC. 

“Collateral” shall have the meaning set forth in Article II hereof. 

“Collateral Access Agreement” means a landlord waiver or other agreement, in such form as shall be reasonably
satisfactory to the Administrative Agent and Grantor, between the Administrative Agent and any third party (including any bailee, consignee, customs broker, or other similar Person) in possession of any Collateral or any landlord of any premises
where any Collateral is located, as such landlord waiver or other agreement may be amended, restated, or otherwise modified from time to time. All Collateral Access Agreements in full force and effect on the date hereof are reasonably satisfactory
to the Administrative Agent. 
 “Collateral Report” means any certificate (including, without limitation, any
Borrowing Base Certificate or Perfection Certificate), report or other document delivered by Grantor to the Administrative Agent with respect to the Collateral pursuant to any Loan Document. 

“Control” shall have the meaning set forth in Article 8 or, if applicable, in Section 9-104, 9-105, 9-106 or
9-107 of Article 9 of the UCC. 
 “Copyright License” means any written agreement, now or hereafter in
effect, granting to any Person any right under any Copyright now or hereafter owned by any other Person or that such other Person otherwise has the right to license, and all rights of any such Person under any such agreement. 

“Copyrights” means, with respect to any Person, all of the following now owned or hereafter acquired by such Person:
(a) all copyright rights in any work subject to the 

  
 2 

 SECURITY AGREEMENT 

 

 
copyright laws of the United States of America or any other country, whether as author, assignee, transferee or otherwise, and (b) all registrations and recordings thereof, and all
registration and recording applications filed in connection therewith, including registrations, recordings and applications in the United States Copyright Office or any similar office in any other country. 

“Credit Agreement” shall have the meaning set forth in the Preliminary Statement hereto. 

“Deposit Account” shall have the meaning set forth in Article 9 of the UCC. 

“Designated Parts Locations” shall have the meaning set forth in Section 4.1(h) hereof. 

“Document” shall have the meaning set forth in Article 9 of the UCC. 

“Exhibit” refers to a specific exhibit to this Security Agreement, unless another document is specifically referenced.

 “General Intangible” shall have the meaning set forth in Article 9 of the UCC. 

“Goods” shall have the meaning set forth in Article 9 of the UCC. 

“Grantor” shall have the meaning set forth in the recitals. 

“Instrument” shall have the meaning set forth in Article 9 of the UCC. 

“Intellectual Property” means all intellectual and similar property of every kind and nature, including inventions,
designs, Patents, Copyrights, Trademarks, Intellectual Property Licenses, trade secrets, domain names, confidential or proprietary technical and business information, know-how, show-how or other data or information, software and databases and all
embodiments or fixations thereof and related documentation, registrations and franchises, and all additions, improvements and accessions to, and books and records describing or used in connection with, any of the foregoing. 

“Intellectual Property License” means any Patent License, Trademark License, Copyright License or other license or
sublicense agreement to which any Grantor is a party. 
 “Inventory” shall have the meaning set forth in
Article 9 of the UCC. 

  
 3 

 SECURITY AGREEMENT 

 

 “Investment Property” shall have the meaning set forth in
Article 9 of the UCC. 
 “Letter-of-Credit Rights” shall have the meaning set forth in Article 9 of
the UCC. 
 “MIA Receivables” means any Accounts, Chattel Paper, Documents, Investment Property, Instruments,
Letter-of-Credit Rights, Payment Intangibles and any other rights or claims to receive money generated from the sale of Receivables and related assets sold pursuant to, and in accordance with, the terms of any Master Intercompany Agreement.

 “MIA Receivables Accounts” means all Payment Intangibles, Accounts, cash, Documents and Instruments, in each
case arising from the sale or other disposition of MIA Receivables. 
 “Part” means an accessory, appurtenance
or part of a vehicle (including trucks, buses and RVs), chassis, trailer or engine, or other Good, in each case, that is to be installed, used or attached, is capable of being installed, used or attached, or intended to be installed, used or
attached at a later time, on or in a vehicle (including trucks, buses and RVs), chassis, trailer or engine (including, without limitation, engines, engine parts, electrical components, cabs, kits for engine repair, brakes, turbochargers, suspension
parts, transmissions, axles, drivelines, and replacement parts); provided that Parts does not include vehicles (including trucks, buses and RVs), chassis or trailers themselves. 

“Parts Inventory” means (x) all Inventory located at a Designated Parts Location and (y) all Parts in transit
to a Designated Parts Location. 
 “Patent License” means any written agreement, now or hereafter in effect,
granting to any Person any right to make, use or sell any invention on which a Patent now or hereafter owned by any other Person, or that any other Person now or hereafter otherwise has the right to license, is in existence, and all rights of any
such Person under any such agreement. 
 “Patents” means, with respect to any Person, all of the following now
owned or hereafter acquired by such Person: (a) all letters patent of the United States of America or the equivalent thereof in any other country, all registrations and recordings thereof and all applications for letters patent of the United
States of America or the equivalent thereof in any other country, including registrations, recordings and pending applications in the United States Patent and Trademark Office or any similar offices in any other country, and (b) all reissues,
continuations, divisions, continuations-in-part, renewals or extensions thereof, and the inventions disclosed or claimed therein, including the right to make, use and/or sell the inventions disclosed or claimed therein. 

“Payment Intangible” shall have the meaning set forth in Article 9 of the UCC. 

  
 4 

 SECURITY AGREEMENT 

 

 “Pledged Accounts” means, collectively, the Deposit Accounts set forth
on Exhibit B , as such Exhibit may be amended, supplemented, or otherwise modified from time to time (with the consent of the Administrative Agent) after Grantor has provided 10 days’ (or such shorter period as permitted by the
Administrative Agent) prior written notice (including via email) to the Administrative Agent designating any new Deposit Account as a “Pledged Account” and certifying, by delivery of a certificate substantially in the form of Exhibit
E, that (i) other than as may result from inadvertent mistakes, no cash or other assets (other than (A) insurance proceeds constituting Collateral, (B) any cash or Cash Equivalents constituting Proceeds of any sale or other
disposition of any Parts Inventory and (C) Proceeds of the assets of the Grantor referred to in clauses (a)(ii) and (a)(iii) of Article II of this Agreement) will be deposited in or credited to such account and (ii) a notice of the new
Pledged Account and certification of the matter set forth in clause (i) above have been delivered (or are being contemporaneously delivered) to the Term Representative. 
 “Proceeds” shall have the meaning set forth in Article 9 of the UCC. 
 “Receivables” means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money arising from the sale or other disposition of
Parts Inventory, or that are otherwise derived from the sale or other disposition of Parts Inventory. 
 “Secured
Parties” means (a) the Lenders, (b) the Administrative Agent, (c) each Issuing Bank, (d) the Swingline Lender, (e) each Secured Banking Services Provider, (f) the beneficiaries of each indemnification
obligations undertaken by Grantor under any Loan Document, and (g) the successors and permitted assigns of each of the foregoing. 
 “Securities Account” shall have the meaning set forth in Article 8 of the UCC. 
 “Term Representative” has the meaning assigned to such term in the Collateral Cooperation Agreement. 
 “Trademark License” means any written agreement, now or hereafter in effect, granting to any Person any right to use any Trademark now or hereafter owned by any other Person, or that any
other Person otherwise has the right to license, and all rights of any such Person under any such agreement. 

“Trademarks” means, with respect to any Person, all of the following now owned or hereafter acquired by such Person: all
trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing
or hereafter adopted or acquired, all registrations and recordings thereof, and all 

  
 5 

 SECURITY AGREEMENT 

 

 
registration and recording applications filed in connection therewith, including registrations, recordings and applications in the United States Patent and Trademark Office or any similar offices
in any other country or any political subdivision thereof, and all extensions or renewals thereof. 
 “UCC”
means the Uniform Commercial Code as in effect from time to time in the State of New York. 
 The foregoing definitions shall be
equally applicable to both the singular and plural forms of the defined terms. 
 ARTICLE II 

GRANT OF SECURITY INTEREST 
 (a) In order to secure the payment and performance of the Secured Obligations, Grantor hereby pledges and grants to the Administrative Agent, on behalf of and for the ratable benefit of the Secured
Parties, a security interest in all of its right, title and interest in, to and under all the following personal property and other assets of Grantor, whether now owned by or owing to, or hereafter acquired by or arising in favor of Grantor (all of
which are collectively referred to as the “Collateral”): 
 (i) all Parts Inventory;

 (ii) all Receivables; 

(iii) all MIA Receivables Accounts; 

(iv) all Pledged Accounts; 
 (v) all funds or financial assets (including Investment Property, cash or Cash Equivalents) credited to any Pledged Account; 

(vi) all books and records, customer lists, credit files, computer files, programs, printouts and other computer records
related to the foregoing and any General Intangibles (but excluding any Intellectual Property (other than Intellectual Property specifically described in this clause (vi)) at any time evidencing or relating to any of the foregoing; and 

  
 6 

 SECURITY AGREEMENT 

 

 (vii) all insurance proceeds and products of the foregoing, and all
Proceeds of the foregoing. 
 (b) Notwithstanding the foregoing or anything herein to the contrary, (i) automatically upon
the sale of any Receivables and related assets, if any, pursuant to a Master Intercompany Agreement, any and all security interests in such Receivables and related assets, if any, granted hereunder shall be immediately released and the term
“Collateral” as used herein shall no longer include any such Receivable and related assets, if any; provided, that such release shall not be in derogation or limitation of any rights in any other Collateral, including Collateral
described in clause (a)(iii) above (and such release shall be deemed to be in exchange for Collateral described in clause (a)(iii) above) and (ii) if any funds or financial assets (including Investment Property, cash and Cash
Equivalents) previously credited to any Pledged Account are deposited in or credited to a Deposit Account or Securities Account (that is not a Pledged Account) in which the Term Representative has a security interest, automatically upon such deposit
any and all security interests of the Administrative Agent in such funds or financial assets granted hereunder or under any other Loan Document shall be immediately released and the term “Collateral” as used herein shall no longer include
any such funds or financial assets. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 
 Grantor represents and warrants to the Administrative Agent, for the benefit of the Secured Parties, that: 
 Section 3.1 Title, Perfection and Priority. Grantor has good and valid rights in or the power to transfer the Collateral and title to the Collateral with respect to which it has purported to grant
a security interest hereunder, free and clear of all Liens except for Liens permitted under Section 4.1(e), and has full power and authority to grant to the Administrative Agent the security interest in such Collateral pursuant hereto.
When financing statements have been filed in the appropriate offices against Grantor in the locations listed on Exhibit A hereto, the Administrative Agent will have a fully perfected first priority security interest in that Collateral in
which a security interest may be perfected by filing under the Uniform Commercial Code in effect in the applicable jurisdiction, subject only to Liens permitted under Section 4.1(e). 

Section 3.2 Pledged Accounts Information. The names of the account banks, the account numbers and the other details with respect
to the Pledged Accounts are and will be correctly stated, at the time furnished, on Exhibit B hereto (as amended from time to time). 

  
 7 

 SECURITY AGREEMENT 

 

 Section 3.3 Accounts and Chattel Paper. 

(a) As of the Closing Date, there is no Collateral consisting of Chattel Paper, and all further references to Chattel Paper in this
Section 3.3 shall be with respect to reporting requirements occurring subsequent to the Closing Date. 
 (b) Except
as may be disclosed on the most recent Collateral Report, (i) all Accounts constituting Receivables represent bona fide sales of Parts Inventory or rendering of services to Account Debtors in the ordinary course of the Grantor’s business
and, unless the procedures set forth in Section 4.1(c)(ii) have been complied with, are not evidenced by a judgment, Instrument or Chattel Paper; (ii) there are no setoffs, claims or disputes existing or asserted with respect to any
Accounts constituting Receivables referred to in such Collateral Report, except any setoff, claim or dispute occurring in the ordinary course of business or except to the extent notice has been provided pursuant to Section 4.2(c), and
Grantor has not made any agreement with any Account Debtor with respect to any material Account constituting Receivables for any extension of time for the payment thereof, any compromise or settlement for less than the full amount thereof, any
release of any Account Debtor from liability therefor, or any deduction therefrom except a discount or allowance allowed by Grantor in the ordinary course of its business for prompt payment; and (iii) to the knowledge of Grantor, there are no
facts, events or occurrences that in any way impair the validity or enforceability (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and
subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law) thereof or could reasonably be expected to reduce the amount payable thereunder as shown on Grantor’s books and records, with respect
to any material portion of the Collateral. 
 (c) From and after the date the Collection Account is established in accordance
with Section 5.11 of the Credit Agreement, no payments have been or shall be made on any Accounts arising from the sale of Parts Inventory except payments delivered to the Collection Account in accordance with Section 5.11 of the Credit
Agreement (other than payments as a result of inadvertent mistakes). 
 Section 3.4 Parts Inventory. With respect to any
Parts Inventory scheduled or listed on the most recent Collateral Report as of the date of such Collateral Report, except as disclosed therein and otherwise permitted under Sections 5.15 and 6.16 of the Credit Agreement: (a) no such Collateral
consisting of Parts intended to be sold by Grantor in its aftermarket parts services business is now, or shall at any time or times hereafter be stored at any other location other than a Designated Parts Location, (b) Grantor has good title to
such Parts Inventory and such Parts Inventory is not subject to any Lien or security interest or document whatsoever except for the Lien granted to the Administrative Agent, for the benefit of the Secured Parties, and except for other Liens
permitted under Section 4.1(e), (c) such Parts Inventory is Eligible Parts Inventory, (d) such Parts Inventory which contains or bears any Intellectual Property rights licensed to Grantor by any Person is not subject to any
licensing, patent, royalty, trademark, trade name or copyright agreements with any third parties that would, upon sale or other disposition of such Parts Inventory by the Administrative Agent in accordance with the terms hereof (i) infringe the
rights of such licensor, (ii) violate any contract with such licensor, or (iii) cause the Administrative Agent to incur any liability with respect to payment of royalties 

  
 8 

 SECURITY AGREEMENT 

 

 
other than royalties incurred pursuant to sale of such Parts Inventory under the current licensing agreement relating thereto and (e) the sale or other disposition of such Parts Inventory
(other than Parts Inventory that is not material) by the Administrative Agent following the occurrence and during the continuance of an Event of Default shall not require the consent of any Person and shall not constitute a breach or default under
any contract or agreement to which such Parts Inventory is subject. 
 Section 3.5 No Financing Statements, Security
Agreements. No financing statement or security agreement describing all or any portion of the Collateral that has not lapsed or been (or, on the Closing Date, will be) terminated naming a Grantor as debtor has been filed or is of record in any
jurisdiction except (a) for financing statements or security agreements naming the Administrative Agent on behalf of the Secured Parties as the secured party and (b) as permitted by Sections 4.1(e) and 4.1(f).

 Section 3.6 [Reserved]. 
 Section 3.7 Perfection Certificate. The information set forth in the Perfection Certificate delivered on the date hereof is correct and complete in all material respects as of the date hereof.

 ARTICLE IV 
 COVENANTS 
 From the date hereof, and thereafter until this Security
Agreement is terminated, Grantor agrees that: 
 Section 4.1 General. 

(a) Collateral Records. Grantor will maintain complete and accurate books and records as is consistent with its practices as of
the date hereof in all material respects with respect to the Collateral, and furnish to the Administrative Agent such reports required pursuant to the Credit Agreement relating to the Collateral as the Administrative Agent shall from time to time
reasonably request. 
 (b) Authorization to File Financing Statements; Ratification. Grantor hereby authorizes the
Administrative Agent to file, and if requested will deliver to the Administrative Agent, all financing statements and other documents and take such other actions as may from time to time be reasonably requested by the Administrative Agent in order
to maintain a first priority perfected security interest in, subject only to Liens permitted under Section 4.1(e) hereof and, if applicable, Control (to the extent required by the terms hereof) of, the Collateral. Any financing statement
filed by the Administrative Agent may be filed in any filing office in any appropriate Uniform Commercial Code jurisdiction and may (i) indicate the 

  
 9 

 SECURITY AGREEMENT 

 

 
Collateral by any description which reasonably approximates the description contained in this Security Agreement, and (ii) contain any other information required by part 5 of Article 9
of the UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including whether Grantor is an organization, the type of organization and any organizational identification number issued to Grantor. Grantor also
agrees to furnish any such information to the Administrative Agent promptly upon reasonable request. Grantor also ratifies its authorization for the Administrative Agent to have filed in any Uniform Commercial Code jurisdiction any initial financing
statements or amendments thereto if filed prior to the date hereof, upon reasonable approval of such financing statements by Grantor. 
 (c) Further Assurances. (i) Grantor agrees to take any and all reasonable actions necessary to defend title to the Collateral against all Persons and to defend the security interest of the
Administrative Agent in the Collateral and the priority thereof, in each case against any Lien not permitted under Section 4.1(e). 
 (ii) Grantor agrees that from time to time, at the expense of Grantor, Grantor will promptly execute and deliver, or otherwise authenticate, all further instruments and documents, and take all further
action that the Administrative Agent may reasonably request, in order to perfect and protect any pledge or security interest granted or purported to be granted by Grantor hereunder or to enable the Administrative Agent to exercise and enforce its
rights and remedies hereunder with respect to any Collateral of Grantor. Without limiting the generality of the foregoing, Grantor will promptly: (1) at the request of the Administrative Agent, mark conspicuously each Document included in Parts
Inventory, each Chattel Paper included in Receivables or MIA Receivables Accounts, any other Documents and, at the request of the Administrative Agent, each of its records pertaining to such Collateral with a legend, in form and substance reasonably
satisfactory to the Administrative Agent, indicating that such Document, Chattel Paper or other Collateral is subject to the security interest granted hereby; (2) if any such Collateral shall be evidenced by a promissory note or other
instrument or Chattel Paper valued in excess of $1,000,000, promptly deliver and pledge to the Administrative Agent hereunder such note or instrument or Chattel Paper duly indorsed and accompanied by duly executed instruments of transfer or
assignment, all in form and substance reasonably satisfactory to the Administrative Agent; and (3) file such financing or continuation statements, or amendments thereto, and such other instruments or notices, as may be necessary or desirable,
or as the Administrative Agent may reasonably request, in order to perfect and preserve the security interest granted or purported to be granted by Grantor hereunder. 
 (d) Disposition of Collateral. Grantor will not sell, lease, transfer or otherwise dispose of the Collateral except for sales, leases, transfers and other dispositions of Parts Inventory in the
ordinary course of business and other sales, leases, transfers and other dispositions permitted under Section 6.05 of the Credit Agreement. 

  
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 (e) Liens. Grantor will not create, incur, or suffer to exist any Lien on the
Collateral except Liens permitted by Section 6.02 of the Credit Agreement. 
 (f) Other Financing Statements.
Grantor will not authorize the filing of any financing statement naming it as debtor covering all or any portion of the Collateral, except to cover security interests as permitted by Section 4.1(e). Until the termination of this Security
Agreement pursuant to Section 7.15, Grantor acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to any financing statement naming the Administrative Agent as secured
party without the prior written consent of the Administrative Agent, subject to Grantor’s rights under Section 9-509(d)(2) of the UCC. 
 (g) Change of Name, Etc. Grantor agrees to furnish to the Administrative Agent prompt written notice of any change in: (i) Grantor’s legal name; (ii) the location of Grantor’s
chief executive office or its principal place of business; (iii) Grantor’s organizational legal entity designation or jurisdiction of incorporation or formation; (iv) Grantor’s organizational identification number assigned to it
by its jurisdiction of incorporation or formation; or (v) the acquisition by Grantor of any material property constituting Collateral for which additional filings or recordings are necessary to perfect and maintain the Administrative
Agent’s security interest therein (to the extent perfection of the security interest in such property is required by the terms hereof). Grantor agrees not to effect or permit any change referred to in the preceding sentence unless all filings
have been made under the Uniform Commercial Code or other applicable law that are required in order for the Administrative Agent to continue at all times following such change to have a valid, legal and perfected, first priority security interest
(subject to Liens permitted under Section 4.1(e)) in the Collateral for its benefit and the benefit of the other Secured Parties. 
 (h) Locations of Collateral. Except as otherwise permitted under Sections 5.15 and 6.16 of the Credit Agreement, Grantor will not maintain any Collateral consisting of Parts intended to be sold by
Grantor in its aftermarket parts services business other than at (a) a parts distribution center owned or leased by Grantor identified on Part 1 of Schedule 4.1(h) hereof, (b) a storage facility of Grantor identified on Part 2 of Schedule
4.1(h) hereof or (c) third party processor or logistics provider locations identified on Part 3 of Schedule 4.1(h) hereof, in each case as such Schedule may amended from time to time in accordance with the next succeeding sentence to include
parts distribution centers owned or leased by Grantor, storage facilities of Grantor or third party processors or logistics provider locations, in each case located in the United States, as the case may be (such locations, collectively, the
“Designated Parts Locations”). Grantor will not maintain at any parts distribution center owned or leased by Grantor which constitutes a Designated Parts Location (x) any Inventory of any other Person or (y) any Inventory
constituting Term Loan Collateral of Grantor (other than Parts intended to be sold by Grantor in its aftermarket parts services business and Term Loan Collateral that is immaterial in view of the Inventory of the Grantor otherwise held at such
location). Schedule 4.1(h) may be amended by Grantor providing 10 days’ (or such shorter period as agreed by the Administrative Agent) prior written notice to Administrative Agent designating any such new location as a “Designated Parts
Location” and certifying, by delivery of a certificate substantially 

  
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in the form of Exhibit E, that (i) if such Designated Parts Location is a parts distribution center owned or leased by Grantor, no Inventory (other than Parts intended to be sold by
Grantor in its aftermarket parts services business and Term Loan Collateral that is immaterial in view of the Inventory of the Grantor otherwise held at such location) will be maintained at such location and (ii) a notice of the new Designated
Parts Location and a certification of the matters set forth in clause (i) above have been delivered (or are being contemporaneously delivered) to the Term Representative. 

(i) Compliance with Terms. Grantor will perform and comply in all material respects with all obligations in respect of the
Collateral and all material agreements relating to the Collateral to which it is a party or by which it is bound, that would reasonably be expected to have a Material Adverse Effect. 

Section 4.2 Receivables. 
 (a) Certain Agreements on Receivables Collateral. Except to the extent permitted by Section 4.1(d) or that notice has been provided as required by Section 4.2(c), Grantor
will not make or agree to make any material discount, credit, rebate or other reduction in the original amount owing on a Receivable comprising Collateral or an MIA Receivables Account or accept in satisfaction of a Receivable comprising Collateral
or an MIA Receivables Account less than the original amount thereof, other than in the ordinary course of business; provided that during the continuance of an Event of Default, after notice from the Administrative Agent, Grantor will not make
or agree to make any discount, credit, rebate or other reduction in the original amount owing on a Receivable comprising Collateral or an MIA Receivables Account or accept in satisfaction of a Receivable comprising Collateral or an MIA Receivables
Account less than the original amount thereof. 
 (b) Collection of Receivables. Except as otherwise provided in this
Security Agreement, Grantor will use commercially reasonable efforts to collect and enforce, in the ordinary course of business, all amounts due or hereafter due to Grantor under the Receivables comprising Collateral or the MIA Receivables Accounts.

 (c) Disclosure of Counterclaims on Receivables. If (other than in the ordinary course of business) (i) any
material discount, credit or agreement to make a rebate or to otherwise reduce the amount owing on a material Receivable comprising Collateral or an MIA Receivables Account exists or (ii) if, to the knowledge of Grantor, any material dispute,
setoff, claim, counterclaim or defense exists or has been asserted or threatened in writing with respect to a material Receivable comprising Collateral or an MIA Receivables Account, Grantor will promptly disclose such fact to the Administrative
Agent in writing. 
 (d) Electronic Chattel Paper. If Grantor at any time holds or acquires an interest in any
Electronic Chattel Paper or any “transferable record”, as that term is defined in 

  
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Section 201 of the Federal Electronic Signatures in Global and National Commerce Act (other than as shall constitute MIA Receivables), or in Section 16 of the Uniform Electronic
Transactions Act as in effect in any relevant jurisdiction constituting Collateral, in each case with a value in excess of $1,000,000, Grantor shall promptly notify the Administrative Agent thereof and, at the request of the Administrative Agent,
shall take such action as the Administrative Agent may reasonably request to vest in the Administrative Agent Control under UCC Section 9-105 of such Electronic Chattel Paper or control (to the extent the meaning of “control” has not
been clearly established under such provisions, “control” in this paragraph (d) to have such meaning as the Administrative Agent shall in good faith specify in writing after consultation with Grantor) under Section 201 of the
Federal Electronic Signatures in Global and National Commerce Act or, as the case may be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such jurisdiction, of such transferable record. The Administrative Agent agrees
with Grantor that the Administrative Agent will arrange, pursuant to procedures reasonably satisfactory to the Administrative Agent and so long as such procedures will not result in the Administrative Agent’s loss of Control or control, as
applicable, for Grantor to make alterations to the Electronic Chattel Paper or transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201 of the Federal Electronic Signatures in Global and National Commerce
Act or Section 16 of the Uniform Electronic Transactions Act for a party in Control to allow without loss of Control or control, as applicable, unless an Event of Default has occurred and is continuing or would occur after taking into account
any action by Grantor with respect to such Electronic Chattel Paper or transferable record. 
 Section 4.3 Parts Inventory
Count; Parts Inventory Reporting System. Grantor shall continue to conduct all cycle counts consistent with past practices or other inventory control measures reasonably acceptable to the Administrative Agent, and shall supply the Administrative
Agent with mutually acceptable reports providing reasonable detail of the results of such counts, reconciliations related thereto and other reports on a monthly basis, under procedures to be mutually agreed by the Administrative Agent and Grantor,
provided that the Administrative Agent agrees that any inventory count measure consistent with industry practice is acceptable. Grantor will maintain a perpetual inventory reporting system at all times. 

Section 4.4 Delivery of Instruments, Chattel Paper and Documents. Grantor will (a) hold for the benefit of the Administrative
Agent upon receipt and promptly thereafter deliver to the Administrative Agent any Chattel Paper and Instruments constituting Collateral received after the date hereof, in each case with a value in excess of $1,000,000, (b) upon the
Administrative Agent’s request, deliver to the Administrative Agent, and thereafter hold for the benefit of the Administrative Agent upon receipt and promptly deliver to the Administrative Agent any Document evidencing or constituting
Collateral with a value in excess of $1,000,000, and (c) upon the Administrative Agent’s reasonable request, deliver to the Administrative Agent a duly executed amendment to this Security Agreement, in the form of Exhibit C hereto
(each, an “Amendment”), pursuant to which Grantor will pledge any additional Collateral to the extent required hereby or by the Credit Agreement. Grantor hereby authorizes the Administrative Agent to attach each Amendment to this Security
Agreement and agrees that all additional collateral set forth in such Amendments shall be considered to be part of the Collateral. 
 Section 4.5 Pledged Accounts. After establishment of the Collection Account, or such time as the Collection Account is required to be established pursuant to the Credit 

  
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Agreement, Grantor will not, and will not permit, any (A) insurance proceeds constituting Collateral, (B) any cash or Cash Equivalents constituting Proceeds of any sale or other
disposition of any Parts Inventory and (C) Proceeds of the assets of the Grantor referred to in clauses (a)(ii) and (a)(iii) of Article II of this Agreement to be deposited into any Deposit Account or Securities Account other than a Pledged
Account (other than payments as a result of inadvertent mistakes). 
 Section 4.6 No Interference. Grantor agrees that it
will not interfere with any right, power and remedy of the Administrative Agent provided for in this Security Agreement or now or hereafter existing at law or in equity or by statute or otherwise, or the exercise or beginning of the exercise by the
Administrative Agent of any one or more of such rights, powers or remedies. 
 Section 4.7 Insurance. 

(a) In the event any Collateral is located in any area that has been designated by the Federal Emergency Management Agency as a
“Special Flood Hazard Area”, Grantor shall purchase and maintain flood insurance on such Collateral (including any personal property which is located on any real property leased by Grantor within a “Special Flood Hazard Area”).
The amount of all insurance required by this Section shall at a minimum comply with applicable law, including the Flood Disaster Protection Act of 1973, as amended. All premiums on such insurance shall be paid when due by Grantor, and copies of the
policies delivered to the Administrative Agent. If Grantor fails to obtain any insurance as required by this Section, the Administrative Agent at the direction of the Required Lenders may obtain such insurance at Grantor’s expense following
five (5) Business Days and prior written notice to the Grantor. By purchasing such insurance, the Administrative Agent shall not be deemed to have waived any Default arising from Grantor’s failure to maintain such insurance or pay any
premiums therefor. 
 (b) All insurance policies required under Section 5.09 of the Credit Agreement shall name the
Administrative Agent (for the benefit of the Administrative Agent and the other Secured Parties) as an additional insured or as loss payee with respect to the Collateral, as applicable, and shall contain loss payable clauses, through endorsements in
form and substance reasonably satisfactory to the Administrative Agent. 
 Section 4.8 Collateral Access Agreement and
Certain Payments. If Grantor leases any warehouse or distribution facility after the Closing Date, Grantor shall use commercially reasonable efforts to promptly obtain a Collateral Access Agreement for such leased warehouse or distribution
facility with respect to the locations with an aggregate value in excess of $1,000,000 of Parts Inventory. Except as would not reasonably be expected to have a Material Adverse Effect, Grantor shall perform its obligations under all leases and other
agreements with respect to any such leased location or third-party warehouse where any Collateral is located. 

  
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 ARTICLE V 
 REMEDIES 
 Section 5.1 Remedies. 

(a) Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may exercise any or all of the
following rights and remedies: 
 (i) those rights and remedies provided in this Security Agreement, the Credit
Agreement, or any other Loan Document; provided, that this Section 5.1(a) shall not be understood to limit any rights available to the Administrative Agent and the Lenders prior to an Event of Default; 

(ii) those rights and remedies available to a secured party under the UCC (whether or not the UCC applies to the affected
Collateral) or under any other applicable law (including, without limitation, any law governing the exercise of a bank’s right of setoff or bankers’ Lien) when a debtor is in default under a security agreement; 

(iii) give notice of sole control or any other instruction under any blocked account or account control agreement (with
respect to the Collection Account), Collateral Access Agreement or any other control or similar agreement and take any action provided therein with respect to the applicable Collateral; and 

(iv) without notice (except as specifically provided in Section 7.1 or elsewhere herein), demand or
advertisement of any kind to Grantor or any other Person, enter the premises of Grantor where any Collateral is located (through self-help and without judicial process) to collect, receive, assemble, process, appropriate, sell, lease, assign, grant
an option or options to purchase or otherwise dispose of, deliver, or realize upon, the Collateral or any part thereof in one or more parcels at public or private sale or sales (which sales may be adjourned or continued from time to time with or
without notice and may take place at Grantor’s premises or elsewhere), for cash, on credit or for future delivery without assumption of any credit risk, and upon such other terms as the Administrative Agent may deem commercially reasonable.

 (b) Grantor acknowledges and agrees that the compliance by the Administrative Agent, on behalf of the Secured Parties, with
any applicable state or federal law requirements in connection with a disposition of the Collateral will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral. 

  
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 (c) The Administrative Agent shall have the right upon any public sale or sales and, to
the extent permitted by law, upon any private sale or sales (including in connection with an Insolvency Proceeding), to purchase for the benefit of the Administrative Agent and the Secured Parties, the whole or any part of the Collateral so sold,
free of any right of equity redemption, which equity redemption Grantor hereby expressly releases and in lieu of any actual payment of the purchase price, the Administrative Agent may credit bid and set off the amount of such price against the
Secured Obligations. 
 (d) Until the Administrative Agent is able to effect a sale, lease, transfer or other disposition of
Collateral, the Administrative Agent shall have the right to hold or use Collateral, or any part thereof, to the extent that it deems appropriate for the purpose of preserving Collateral or the value of the Collateral. The Administrative Agent may,
if it so elects, seek the appointment of a receiver or keeper to take possession of Collateral and to enforce any of the Administrative Agent’s remedies (for the benefit of the Administrative Agent and Secured Parties), with respect to such
appointment without prior notice or hearing as to such appointment. 
 (e) [Reserved]. 

(f) Notwithstanding the foregoing, none of the Administrative Agent or the Secured Parties shall be required to (i) make any demand
upon, or pursue or exhaust any of their rights or remedies against, Grantor, any other obligor, guarantor, pledgor or any other Person with respect to the payment of the Secured Obligations or to pursue or exhaust any of their rights or remedies
with respect to any Collateral therefor or any direct or indirect guarantee thereof, (ii) marshal the Collateral or any guarantee of the Secured Obligations or to resort to the Collateral or any such guarantee in any particular order, or
(iii) effect a public sale of any Collateral. 
 Section 5.2 Grantor’s Obligations Upon Default. Upon the
reasonable request of the Administrative Agent after the occurrence and during the continuance of an Event of Default, Grantor will: 
 (a) assemble and make available to the Administrative Agent the Collateral and all books and records relating thereto at any place or places reasonably specified by the Administrative Agent, whether at
Grantor’s premises or elsewhere; and 
 (b) permit the Administrative Agent, by the Administrative Agent’s
representatives and agents, to enter, occupy and use any premises where all or any part of the Collateral, or the books and records relating thereto, or both, are located, to take possession of all or any part of the Collateral or the books and
records relating thereto, or both, to remove all or any part of the Collateral or the books and records relating thereto, or both, and to conduct sales of the Collateral, without any obligation to pay Grantor for such use and occupancy. 

  
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 Section 5.3 License. The Administrative Agent is hereby granted an irrevocable,
non-exclusive license or other right to use, license or sub-license (without payment of royalty or other compensation to any Person) any or all Intellectual Property of Grantor, computer hardware and software, trade secrets, brochures, customer
lists, promotional and advertising materials, labels, packaging materials and other interests in any kind of property or asset, whether real, personal or mixed, or tangible or intangible, in advertising for sale, marketing, selling, collecting,
completing manufacture of, or otherwise exercising any rights or remedies with respect to, any Collateral; provided, that such non-exclusive license shall only be exercisable upon the occurrence and during the continuance of an Event of
Default. Grantor’s rights and interests under Intellectual Property shall inure to the Administrative Agent’s benefit. 

ARTICLE VI 

ACCOUNT VERIFICATION; ATTORNEY IN FACT 
 Section 6.1 Account Verification. The Administrative Agent may (a) at any time and from time to time, in the name of a nominee of the Administrative Agent or in the name of Grantor, and
(b) upon substantially contemporaneous notice to Grantor, at any time and from time to time following the occurrence and during the continuance of an Event of Default, in the Administrative Agent’s own name, in the name of a nominee of the
Administrative Agent or in the name of Grantor, communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of Grantor, parties to contracts with Grantor and obligors in respect of Instruments of Grantor to verify with such
Persons, to the Administrative Agent’s satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Chattel Paper, Payment Intangibles and/or other Receivables that are Collateral. 

Section 6.2 Authorization for Secured Party to Take Certain Action. 

(a) Grantor irrevocably authorizes the Administrative Agent and appoints the Administrative Agent as its attorney in fact (i) at
any time and from time to time in the sole discretion of the Administrative Agent (A) to execute on behalf of Grantor as debtor and to file financing statements necessary or desirable in the Administrative Agent’s reasonable discretion to
perfect and to maintain the perfection and priority of the Administrative Agent’s security interest in the Collateral, (B) to file a carbon, photographic or other reproduction of this Security Agreement or any financing statement with
respect to the Collateral as a financing statement and to file any other financing statement or amendment of a financing statement (which would not add new collateral or add a debtor, except as otherwise provided for herein or in any other Loan
Document) in such offices as the Administrative Agent in its reasonable discretion deems necessary or desirable to perfect and to maintain the perfection and priority of the Administrative Agent’s security interest in the Collateral, and
(C) with five (5) Business Days’ prior written notice to discharge past due taxes, assessments, charges, fees or Liens on the Collateral (except for such Liens as are permitted hereunder); (ii) at any time following the

  
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occurrence and during the continuance of an Event of Default, to endorse and collect any cash proceeds of the Collateral and to apply the proceeds of any Collateral received by the Administrative
Agent to the Secured Obligations as provided herein or in the Credit Agreement or any other Loan Document, (iii) at any time following the occurrence and during the continuance of an Event of Default, (A) to demand payment or enforce
payment of the Receivables and the MIA Receivables Accounts in the name of the Administrative Agent or Grantor and to endorse any and all checks, drafts, and other instruments for the payment of money relating to the Receivables or the MIA
Receivables Accounts, (B) upon substantially contemporaneous notice to Grantor, to sign Grantor’s name on any invoice or bill of lading relating to the Receivables or MIA Receivables Accounts, drafts against any Account Debtor of Grantor,
assignments and verifications of Receivables or MIA Receivables Accounts, (C) upon substantially contemporaneous notice to Grantor, to exercise all of Grantor’s rights and remedies with respect to the collection of the Receivables, the MIA
Receivables Accounts and any other Collateral, (D) upon substantially contemporaneous notice to Grantor, to settle, adjust, compromise, extend or renew the Receivables or the MIA Receivables Accounts, (E) to settle, adjust or compromise
any legal proceedings brought to collect Receivables or the MIA Receivables Accounts, (F) to prepare, file and sign Grantor’s name on a proof of claim in bankruptcy or similar document against any Account Debtor of Grantor, (G) to
prepare, file and sign Grantor’s name on any notice of Lien, assignment or satisfaction of Lien or similar document in connection with the Receivables or the MIA Receivables Accounts, and (H) to change the address for delivery of mail
addressed to Grantor to such address as the Administrative Agent may designate and to receive, open and dispose of all mail addressed to Grantor; and (iv) with 5 Business Days’ prior notice to Grantor, to do all other acts and things
necessary to carry out the terms of this Security Agreement; and Grantor agrees to reimburse the Administrative Agent within 10 Business Days of written demand for any reasonable payment made or any reasonable documented out-of-pocket expense
incurred by the Administrative Agent in connection with any of the foregoing; provided that, this authorization shall not relieve Grantor of any of its obligations under this Security Agreement or under the Credit Agreement. 

(b) All acts of said attorney or designee are hereby ratified and approved by Grantor. The powers conferred on the Administrative Agent,
for the benefit of the Administrative Agent and Secured Parties, under this Section 6.2 are solely to protect the Administrative Agent’s interests in the Collateral and shall not impose any duty upon the Administrative Agent or any
Secured Party to exercise any such powers. 
 Section 6.3 [Reserved]. 

Section 6.4 NATURE OF APPOINTMENT; LIMITATION OF DUTY. THE APPOINTMENT OF THE ADMINISTRATIVE AGENT AS ATTORNEY-IN-FACT IN THIS
ARTICLE VI IS COUPLED WITH AN INTEREST AND SHALL BE IRREVOCABLE UNTIL THE DATE ON WHICH THIS SECURITY AGREEMENT IS TERMINATED IN ACCORDANCE WITH SECTION 7.15. NOTWITHSTANDING ANYTHING CONTAINED HEREIN, NEITHER THE ADMINISTRATIVE AGENT, NOR
ANY SECURED PARTY, NOR ANY OF THEIR RESPECTIVE AFFILIATES, OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR REPRESENTATIVES SHALL HAVE ANY DUTY TO EXERCISE ANY RIGHT OR POWER GRANTED HEREUNDER OR OTHERWISE OR TO PRESERVE THE

  
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SAME AND SHALL NOT BE LIABLE FOR ANY FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO, EXCEPT TO THE EXTENT SUCH DAMAGES ARE ATTRIBUTABLE TO THEIR OWN GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR BAD
FAITH AS FINALLY DETERMINED BY A COURT OF COMPETENT JURISDICTION; PROVIDED THAT, IN NO EVENT SHALL THEY BE LIABLE FOR ANY PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES. 

ARTICLE VII 
 GENERAL PROVISIONS 
 Section 7.1 Waivers. Grantor hereby
waives notice of the time and place of any public sale or the time after which any private sale or other disposition of all or any part of the Collateral may be made. To the extent such notice may not be waived under applicable law, any notice made
shall be deemed reasonable if sent to Grantor, addressed as set forth in Article VIII, at least ten days prior to (a) the date of any such public sale or (b) the time after which any such private sale or other disposition may be
made. To the maximum extent permitted by applicable law, Grantor waives all claims, damages, and demands against the Administrative Agent or any Secured Party arising out of the repossession, retention or sale of the Collateral, except such as arise
out of the gross negligence, willful misconduct or bad faith of the Administrative Agent or such Secured Party as finally determined by a court of competent jurisdiction. To the extent it may lawfully do so, Grantor absolutely and irrevocably waives
and relinquishes the benefit and advantage of, and covenants not to assert against the Administrative Agent or any Secured Party, any valuation, stay, appraisal, extension, moratorium, redemption or similar laws and any and all rights or defenses it
may have as a surety now or hereafter existing which, but for this provision, might be applicable to the sale of any Collateral made under the judgment, order or decree of any court, or privately under the power of sale conferred by this Security
Agreement, or otherwise. Except as otherwise specifically provided herein, Grantor hereby waives presentment, demand, protest or any notice (to the maximum extent permitted by applicable law) of any kind in connection with this Security Agreement or
any Collateral. 
 Section 7.2 Limitation on Administrative Agent’s and Secured Party’s Duty with Respect to the
Collateral. (a) The Administrative Agent shall have no obligation to clean-up or otherwise prepare the Collateral for sale. The Administrative Agent and each Secured Party shall use reasonable care with respect to the Collateral in its
possession or under its control. None of the Administrative Agent or any Secured Party shall have any other duty as to any Collateral in its possession or control or in the possession or control of any agent or nominee of the Administrative Agent or
such Secured Party, or any income thereon or as to the preservation of rights against prior parties or any other rights pertaining thereto. To the extent that applicable law imposes duties on the Administrative Agent to exercise remedies in a
commercially reasonable manner, Grantor acknowledges and agrees that it would be commercially reasonable for the Administrative Agent (i) to fail to incur expenses deemed significant by the Administrative Agent, in its reasonable discretion, to
prepare Collateral for disposition or otherwise to transform raw material or work in process into finished goods or other finished products for disposition, (ii) to fail to obtain third party consents for access to Collateral to be disposed of,
or to obtain or, if not required by other law, to fail to obtain governmental or third 

  
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party consents for the collection or disposition of Collateral to be collected or disposed of, (iii) to fail to exercise collection remedies against Account Debtors or other Persons
obligated on Collateral or to remove Liens on or any adverse claims against Collateral, (iv) to exercise collection remedies against Account Debtors and other Persons obligated on Collateral directly or through the use of collection agencies
and other collection specialists, (v) to advertise dispositions of Collateral through publications or media of general circulation, whether or not the Collateral is of a specialized nature, (vi) to contact other Persons, whether or not in
the same business as Grantor, for expressions of interest in acquiring all or any portion of such Collateral, (vii) to hire one or more professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral is of a
specialized nature, (viii) to dispose of Collateral by utilizing internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of
assets, (ix) to dispose of assets in wholesale rather than retail markets, (x) to disclaim disposition warranties, such as title, possession or quiet enjoyment, (xi) to purchase insurance or credit enhancements to insure the
Administrative Agent against risks of loss, collection or disposition of Collateral or to provide to the Administrative Agent a guaranteed return from the collection or disposition of Collateral, or (xii) to the extent deemed appropriate by the
Administrative Agent, to obtain the services of other brokers, investment bankers, consultants and other professionals to assist the Administrative Agent in the collection or disposition of any of the Collateral. Grantor acknowledges that the
purpose of this Section 7.2 is to provide non-exhaustive indications of what actions or omissions by the Administrative Agent would be commercially reasonable in the Administrative Agent’s exercise of remedies against the Collateral and
that other actions or omissions by the Administrative Agent shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 7.2. Without limitation upon the foregoing, nothing contained in this
Section 7.2 shall be construed to grant any rights to Grantor or to impose any duties on the Administrative Agent that would not have been granted or imposed by this Security Agreement or by applicable law in the absence of this
Section 7.2. 
 (b) Anything herein to the contrary notwithstanding, (i) Grantor shall remain liable under the
contracts and agreements included in Grantor’s Collateral to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Security Agreement had not been executed, (ii) the exercise by
the Administrative Agent of any of the rights hereunder shall not release Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral and (iii) no Secured Party shall have any obligation or
liability under the contracts and agreements included in the Collateral by reason of this Security Agreement or any other Loan Document, nor shall any Secured Party be obligated to perform any of the obligations or duties of Grantor thereunder or to
take any action to collect or enforce any claim for payment assigned hereunder. 
 Section 7.3 Compromises and Collection of
Collateral. Grantor and the Administrative Agent recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain of the Receivables or MIA Receivables Accounts, that certain of the Receivables
or MIA Receivables Accounts may be or become uncollectible in whole or in part and that the expense and probability of success in litigating a disputed Receivable or MIA Receivables Account may exceed the amount that reasonably may be expected to be
recovered with respect to a Receivable or MIA Receivable Account. In view of 

  
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 SECURITY AGREEMENT 

 

 
the foregoing, Grantor agrees that the Administrative Agent may at any time and from time to time, if an Event of Default has occurred and is continuing, and upon substantially contemporaneous
notice to Grantor, compromise with the obligor on any Receivable or MIA Receivables Account, accept in full payment of any Receivable or MIA Receivables Account such amount as the Administrative Agent in its sole discretion shall determine or
abandon any Receivable or MIA Receivables Account, and any such action by the Administrative Agent shall be commercially reasonable so long as the Administrative Agent acts in good faith based on information known to it at the time it takes any such
action. 
 Section 7.4 Secured Party Performance of Debtor Obligations. Without having any obligation to do so, the
Administrative Agent may perform or pay any obligation which Grantor has agreed to perform or pay under this Security Agreement (with the giving of any notice if required by Section 6.2) with five (5) Business Days’ prior
written notice to the Grantor and Grantor shall reimburse the Administrative Agent for any amounts paid by the Administrative Agent pursuant to this Section 7.4. Grantor’s obligation to reimburse the Administrative Agent pursuant to
the preceding sentence shall be a Secured Obligation payable on demand. 
 Section 7.5 Specific Performance of Certain
Covenants. Grantor acknowledges and agrees that a breach of any of the covenants contained in Sections 4.1(d), 4.1(e), 4.4, 4.7, 4.8, or 5.2, will cause irreparable injury to the Administrative
Agent and the Secured Parties, that the Administrative Agent and the Secured Parties have no adequate remedy at law in respect of such breaches and therefore agrees, without limiting the right of the Administrative Agent or the Secured Parties to
seek and obtain specific performance of other obligations of Grantor contained in this Security Agreement, that the covenants of Grantor contained in the Sections referred to in this Section 7.5 shall be specifically enforceable against
Grantor. 
 Section 7.6 Dispositions Not Authorized. Grantor is not authorized to sell or otherwise dispose of the
Collateral, except as set forth in Section 4.1(d), and notwithstanding any course of dealing between Grantor and the Administrative Agent or other conduct of the Administrative Agent, no authorization to sell, lease or transfer or
otherwise dispose of the Collateral (except as set forth in Section 4.1(d)) shall be binding upon the Administrative Agent or the Secured Parties unless such authorization is in writing signed by the Administrative Agent with the consent
or at the direction of the Required Lenders. 
 Section 7.7 No Waiver; Amendments; Cumulative Remedies. No delay or
omission of the Administrative Agent or any Secured Party to exercise any right or remedy granted under this Security Agreement shall impair such right or remedy or be construed to be a waiver of any Default or an acquiescence therein, and any
single or partial exercise of any such right or remedy shall not preclude any other or further exercise thereof or the exercise of any other right or remedy. No waiver, amendment or other variation of the terms, conditions or provisions of this
Security Agreement whatsoever shall be valid unless in writing signed by the Administrative Agent with the concurrence or at the direction of the Lenders required under Section 9.02 of the Credit Agreement and then only to the extent in such
writing specifically set forth. All rights and remedies contained in this Security Agreement or by law afforded shall be cumulative and all shall be available to the Administrative Agent and the Secured Parties until termination of this Security
Agreement in accordance with Section 7.15 below. 

  
 21 

 SECURITY AGREEMENT 

 

 Section 7.8 Limitation by Law; Severability of Provisions. All rights, remedies
and powers provided in this Security Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Security Agreement are intended to be subject to all
applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they shall not render this Security Agreement invalid, unenforceable or not entitled to be recorded or registered, in whole or in part.
Any provision in this Security Agreement that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that
jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of this Security Agreement are declared to be severable. 

Section 7.9 Reinstatement. This Security Agreement shall remain in full force and effect and continue to be effective should any
petition be filed by or against Grantor for liquidation or reorganization, should Grantor become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all or any significant
part of its assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or
must otherwise be restored or returned by any obligee of the Secured Obligations, whether as a “voidable preference,” “fraudulent conveyance,” or otherwise, all as though such payment or performance had not been made. In the
event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 

Section 7.10 Benefit of Agreement. The terms and provisions of this Security Agreement shall be binding upon and inure to the
benefit of Grantor, the Administrative Agent and the Secured Parties and their respective successors and permitted assigns (including all Persons who become bound as a debtor to this Security Agreement), except that Grantor, unless permitted by the
Credit Agreement, shall not have the right to assign its rights or delegate its obligations under this Security Agreement or any interest herein, without the prior written consent of the Administrative Agent. No sales of participations, assignments,
transfers, or other dispositions of any agreement governing the Secured Obligations or any portion thereof or interest therein shall in any manner impair the Lien granted to the Administrative Agent, for the benefit of the Administrative Agent and
the Secured Parties, hereunder. 
 Section 7.11 Survival of Representations. All representations and warranties of
Grantor contained in this Security Agreement shall survive the execution and delivery of this Security Agreement. 
 Section
7.12 Expenses. Grantor agrees to reimburse the Administrative Agent within 10 Business Days of written demand for any and all reasonable documented out-of-pocket expenses paid or incurred by the Administrative Agent in the administration,
collection, preservation or sale of the Collateral (including the reasonable documented expenses and charges associated with any periodic or special audit or analysis of the Collateral to the extent provided in the Credit Agreement). Any and all
costs and expenses incurred by Grantor in the performance of actions required pursuant to the terms hereof shall be borne solely by Grantor. 

  
 22 

 SECURITY AGREEMENT 

 

 Section 7.13 Reserved. 

Section 7.14 Headings. The title of and section headings in this Security Agreement are for convenience of reference only, and
shall not govern the interpretation of any of the terms and provisions of this Security Agreement. 
 Section 7.15
Termination or Release. 
 (a) This Security Agreement shall continue in effect until (i) the Credit Agreement has
terminated pursuant to its express terms, and (ii) payment and satisfaction in full in cash of all (A) Facility Obligations (other than unripened, contingent indemnity obligations) owing as of the date of such termination (or with respect
to any outstanding Letters of Credit, have been Cash Collateralized or Backstopped as required by the Credit Agreement) and (B) Banking Services Obligations owing as of the date of such termination and no Commitments of the Administrative Agent
or the Lenders which would give rise to any Obligations are outstanding. 
 (b) Upon any sale, lease, transfer or other
disposition by Grantor of any Collateral that is permitted under Section 4.1(d) to any other Person or, upon the effectiveness of any written consent to the release of the security interest granted hereby in any Collateral pursuant to
Section 9.02 of the Credit Agreement, the security interest in such Collateral shall be automatically released. 
 (c)
Upon the effectiveness of this Agreement, the security interest in all Collateral (as defined in the Existing Senior Credit Agreement) not constituting Collateral hereunder is automatically released. 

(d) In connection with any termination or release pursuant to paragraph (a), (b) or (c) above, or
Section 7.22, the Administrative Agent shall promptly execute and deliver to Grantor, at Grantor’s expense, all UCC termination statements and similar documents that Grantor shall reasonably request to evidence such termination or release.
Any execution and delivery of documents pursuant to this Section 7.15 shall be without recourse to or representation or warranty by the Administrative Agent or any Secured Party. Without limiting the provisions of
Section 7.12, Grantor shall reimburse the Administrative Agent promptly upon written demand for all reasonable and documented costs and out-of-pocket expenses, including the reasonable and documented fees, charges and expenses of one
primary counsel (plus any applicable local counsel), incurred by it in connection with any action contemplated by this Section 7.15. 
 Section 7.16 Entire Agreement. This Security Agreement, together with the other Loan Documents, embodies the entire agreement and understanding between Grantor and the Administrative Agent relating
to the Collateral and supersedes all prior agreements and understandings between Grantor and the Administrative Agent relating to the Collateral. 

  
 23 

 SECURITY AGREEMENT 

 

 Section 7.17 CHOICE OF LAW. THIS SECURITY AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 Section 7.18 CONSENT TO JURISDICTION. EACH PARTY
HERETO HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN NEW YORK, NEW YORK IN THE BOROUGH OF MANHATTAN IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECURITY AGREEMENT
OR ANY OTHER LOAN DOCUMENT AND TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HERETO HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY
OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE ADMINISTRATIVE AGENT OR ANY SECURED PARTY
TO BRING PROCEEDINGS AGAINST GRANTOR IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY GRANTOR AGAINST THE ADMINISTRATIVE AGENT OR ANY SECURED PARTY OR ANY AFFILIATE OF THE ADMINISTRATIVE AGENT OR ANY SECURED PARTY INVOLVING,
DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS SECURITY AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK, NEW YORK IN THE BOROUGH OF MANHATTAN. 

Section 7.19 WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, GRANTOR, THE ADMINISTRATIVE AGENT AND EACH SECURED
PARTY HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS SECURITY AGREEMENT OR ANY OTHER
LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER. 
 Section 7.20 Indemnity. Grantor agrees to indemnify, defend
and save and hold harmless the Administrative Agent, each Secured Party and each of their respective Affiliates, successors and permitted assigns, and their respective officers, directors, employees, agents, members, controlling persons and advisors
(each, an “Indemnified Party”) from and against, and shall pay within 10 Business Days of written demand (including documentation reasonably supporting such request), any and all claims, damages, actual losses, liabilities and
expenses (including, without limitation, reasonable fees, disbursements and other charges of one principal counsel for the Administrative Agent and any necessary local counsel to the Administrative Agent), joint or several, that may be incurred by
or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation or proceeding or preparation of a defense in
connection therewith) this Security Agreement, or the ownership, delivery, lease, possession, use, operation, condition, sale, return or other disposition of any Collateral; provided, that such indemnity shall not be available to the extent
that such losses, claims, damages, 

  
 24 

 SECURITY AGREEMENT 

 

 penalties, liabilities or related expenses are (i) found in a final nonappealable judgment by a
court of competent jurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of such Indemnified Party or its officers, directors, employees or agents to the extent acting at the direction of such Indemnified
Party, (ii) to the extent such claim, damage, loss, liability or expense is found in a final nonappealable judgment by a court of competent jurisdiction to have resulted from a material breach of this Security Agreement by such Indemnified
Party or its officers, directors, employees or agents or (iii) if such dispute is solely between Indemnified Parties or their respective officers, affiliates, directors, employees, agents, advisors, controlling persons, members and successors
and permitted assigns; provided, that Grantor agrees to indemnify and hold harmless each Indemnified Party with respect to any matters described in this clause (iii), (x) in respect of any claims against any Indemnified Party in
its capacity in fulfilling its role as the Administrative Agent or any other similar role under this Security Agreement and (y) in respect of any claims arising out of or in connection with or by reason of any act or omission of Grantor.

 Section 7.21 Counterparts. This Security Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one agreement, and any of the parties hereto may execute this Security Agreement by signing any such counterpart. 
 Section 7.22 Existing Security Agreement. (a) Effective on the Closing Date, the Existing Security Agreement is hereby amended and restated in its entirety hereby. The amendment and
restatement of the Existing Security Agreement hereby shall not be construed to discharge or otherwise affect any obligations of the “Grantors” (as defined in the Existing Security Agreement) accrued or otherwise owing under the Existing
Security Agreement that have not been paid, it being understood that such obligations shall continue as obligations hereunder. Without limiting the generality of the foregoing, this Agreement is not intended to constitute a novation of the Existing
Security Agreement. 
 (b) Effective on the Closing Date and the satisfaction or waiver of all of the conditions thereto
contained in Article IV of the Credit Agreement, each of the “Grantors” (as defined in the Existing Senior Credit Agreement) other than Navistar, Inc. (the “Released Grantors”) shall automatically be released from all
liabilities, obligations and indebtedness owing by the such Released Grantors under this Agreement, and all Liens and security interests of the Administrative Agent in any and all of the property of the Released Grantors created under the Loan
Documents shall be automatically released and terminated. 
 ARTICLE VIII 

NOTICES 
 Section 8.1 Sending Notices. Any notice required or permitted to be given under this Security Agreement (a) sent by hand or overnight courier service, or mailed by certified or registered
mail, shall be deemed to have been given when received, (b) sent by facsimile shall be deemed to have been given when sent and when receipt has been confirmed by telephone (provided, that if not given during normal business hours for the
recipient, shall be 

  
 25 

 SECURITY AGREEMENT 

 

 
deemed to have been given at the opening of business on the next Business Day for the recipient) or (c) delivered or furnished by electronic communications (including e-mail and Internet or
intranet websites) pursuant to procedures approved by the Administrative Agent and Grantor as set forth in Section 9.01 of the Credit Agreement, in each case addressed to Grantor at the address set forth in Section 9.01 of the Credit
Agreement, and to the Administrative Agent at the addresses set forth in accordance with Section 9.01 of the Credit Agreement. 
 Section 8.2 Change in Address for Notices. Grantor and the Administrative Agent may change the address or facsimile number for service of notice upon it by a notice in writing to the other parties.

 ARTICLE IX 
 THE ADMINISTRATIVE AGENT 
 Section 9.1 The Administrative
Agent. Bank of America, N.A. has been appointed Administrative Agent for the Lenders hereunder pursuant to Article VIII of the Credit Agreement. It is expressly understood and agreed by the parties to this Security Agreement that any
authority conferred upon the Administrative Agent hereunder is subject to the terms of the delegation of authority made by the Lenders to the Administrative Agent pursuant to the Credit Agreement, and that the Administrative Agent has agreed to act
(and any successor Administrative Agent shall act) as such hereunder only on the express conditions contained in such Article VIII. Any successor Administrative Agent appointed pursuant to Article VIII of the Credit Agreement shall be
entitled to all the rights, interests and benefits of the Administrative Agent hereunder. 
 [SIGNATURE PAGE FOLLOWS] 

  
 26 

 SECURITY AGREEMENT 

 

 IN WITNESS WHEREOF, Grantor and the Administrative Agent have executed this Security
Agreement as of the date first above written. 
  

			
	NAVISTAR, INC.
		
	 By:
	 	 
	Name:	 	James M. Moran
	Title:	 	 Vice President and Treasurer

 [Signature Pages] 

  

 SECURITY AGREEMENT 

 

 
			
	 BANK OF AMERICA, N.A.,
 as Administrative Agent

		
	By:	 	 
		 	Name:
		 	 Title:

 [Signature Pages]Form of Debt Indenture

 Exhibit 4.7 
 COINSTAR, INC., 
 ISSUER 

TO 

                    ,

 TRUSTEE 
 INDENTURE 
 [SUBORDINATED] DEBT SECURITIES 

DATED AS OF                     ,
20     

 Reconciliation and tie between Trust Indenture Act of 1939 (the “Trust Indenture Act”) and
Indenture 
  

					
	 Trust Indenture Act of 1939 Section
	  	 Indenture Section

	 310
	 	 (a)(1)
	  	6.8
		 	 (a)(2)
	  	6.8
		 	 (a)(3)
	  	TIA
		 	 (a)(4)
	  	Not Applicable
		 	 (a)(5)
	  	TIA
		 	 (b)
	  	6.9
			
	 311
	 	 (a)
	  	TIA
		 	 (b)
	  	TIA
			
	 312
	 	 (a)
	  	7.1
		 	 (b)
	  	7.2
		 	 (c)
	  	7.2
			
	 313
	 	 (a)
	  	7.3
		 	 (b)
	  	7.3
		 	 (c)
	  	7.3
		 	 (d)
	  	7.3
			
	 314
	 	 (a)
	  	7.4; TIA
		 	 (b)
	  	Not Applicable
		 	 (c)(1)
	  	1.2
		 	 (c)(2)
	  	1.2
		 	 (c)(3)
	  	Not Applicable
		 	 (d)
	  	Not Applicable
		 	 (e)
	  	1.2
		 	 (f)
	  	1.2
			
	 315
	 	 (a)
	  	6.1; TIA
		 	 (b)
	  	6.3
		 	 (c)
	  	6.1; TIA
		 	 (d)(1)
	  	6.1; TIA
		 	 (d)(2)
	  	6.1; TIA
		 	 (d)(3)
	  	6.1; TIA
		 	 (e)
	  	5.15; TIA
			
	 316
	 	 (a) (last sentence)
	  	1.1
		 	 (a)(1)(A)
	  	5.2; 5.12
		 	 (a)(1)(B)
	  	5.13
		 	 (b)
	  	5.8
		 	 (c)
	  	TIA

					
	 Trust Indenture Act of 1939 Section
	  	 Indenture Section

			
	 317
	 	(a)(1)	  	5.3
		 	(a)(2)	  	5.4
		 	(b)	  	10.3
			
	 318
	 	(a)	  	1.8
		 	(b)	  	TIA
		 	(c)	  	TIA

  
 This
reconciliation and tie section does not constitute part of the Indenture. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	ARTICLE 1.	 	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	 	1	  
			
	 Section 1.1.
	 	 Definitions
	  	 	1	  
			
	 Section 1.2.
	 	 Compliance Certificates and Opinions
	  	 	10	  
			
	 Section 1.3.
	 	 Form of Documents Delivered to Trustee
	  	 	11	  
			
	 Section 1.4.
	 	 Acts of Holders
	  	 	11	  
			
	 Section 1.5.
	 	 Notices, Etc. to the Trustee and the Company
	  	 	13	  
			
	 Section 1.6.
	 	 Notice to Holders of Securities; Waiver
	  	 	14	  
			
	 Section 1.7.
	 	 Language of Notices
	  	 	15	  
			
	 Section 1.8.
	 	 Conflict with Trust Indenture Act
	  	 	15	  
			
	 Section 1.9.
	 	 Effect of Headings and Table of Contents
	  	 	15	  
			
	 Section 1.10.
	 	 Successors and Assigns
	  	 	15	  
			
	 Section 1.11.
	 	 Separability Clause
	  	 	15	  
			
	 Section 1.12.
	 	 Benefits of Indenture
	  	 	15	  
			
	 Section 1.13.
	 	 Governing Law
	  	 	15	  
			
	 Section 1.14.
	 	 Legal Holidays
	  	 	16	  
			
	 Section 1.15.
	 	 Counterparts
	  	 	16	  
			
	 Section 1.16.
	 	 Judgment Currency
	  	 	16	  
			
	 Section 1.17.
	 	 No Security Interest Created
	  	 	17	  
			
	 Section 1.18.
	 	 Limitation on Individual Liability
	  	 	17	  
			
	ARTICLE 2.	 	SECURITIES FORMS	  	 	17	  
			
	 Section 2.1.
	 	 Forms Generally
	  	 	17	  
			
	 Section 2.2.
	 	 Form of Trustee’s Certificate of Authentication
	  	 	18	  
			
	 Section 2.3.
	 	 Securities in Global Form
	  	 	18	  
			
	ARTICLE 3.	 	THE SECURITIES	  	 	19	  
			
	 Section 3.1.
	 	 Amount Unlimited; Issuable in Series
	  	 	19	  
			
	 Section 3.2.
	 	 Currency; Denominations
	  	 	22	  
			
	 Section 3.3.
	 	 Execution, Authentication, Delivery and Dating
	  	 	23	  
			
	 Section 3.4.
	 	 Temporary Securities
	  	 	24	  
			
	 Section 3.5.
	 	 Registration, Transfer and Exchange
	  	 	25	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 3.6.
	 	 Mutilated, Destroyed, Lost and Stolen Securities
	  	 	28	  
			
	 Section 3.7.
	 	 Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved
	  	 	30	  
			
	 Section 3.8.
	 	 Persons Deemed Owners
	  	 	31	  
			
	 Section 3.9.
	 	 Cancellation
	  	 	32	  
			
	 Section 3.10.
	 	 Computation of Interest
	  	 	32	  
			
	 ARTICLE 4.
	 	 SATISFACTION AND DISCHARGE OF INDENTURE
	  	 	32	  
			
	 Section 4.1.
	 	 Satisfaction and Discharge
	  	 	32	  
			
	 Section 4.2.
	 	 Defeasance and Covenant Defeasance
	  	 	34	  
			
	 Section 4.3.
	 	 Application of Trust Money
	  	 	38	  
			
	 Section 4.4.
	 	 Reinstatement
	  	 	38	  
			
	 ARTICLE 5.
	 	 REMEDIES
	  	 	38	  
			
	 Section 5.1.
	 	 Events of Default
	  	 	38	  
			
	 Section 5.2.
	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	40	  
			
	 Section 5.3.
	 	 Collection of Indebtedness and Suits for Enforcement by Trustee
	  	 	41	  
			
	 Section 5.4.
	 	 Trustee May File Proofs of Claim
	  	 	42	  
			
	 Section 5.5.
	 	 Trustee May Enforce Claims Without Possession of Securities or Coupons
	  	 	42	  
			
	 Section 5.6.
	 	 Application of Money Collected
	  	 	43	  
			
	 Section 5.7.
	 	 Limitations on Suits
	  	 	43	  
			
	 Section 5.8.
	 	 Unconditional Right of Holders to Receive Principal and Any Premium, Interest and Additional Amounts
	  	 	44	  
			
	 Section 5.9.
	 	 Restoration of Rights and Remedies
	  	 	44	  
			
	 Section 5.10.
	 	 Rights and Remedies Cumulative
	  	 	44	  
			
	 Section 5.11.
	 	 Delay or Omission Not Waiver
	  	 	44	  
			
	 Section 5.12.
	 	 Control by Holders of Securities
	  	 	44	  
			
	 Section 5.13.
	 	 Waiver of Past Defaults
	  	 	45	  
			
	 Section 5.14.
	 	 Waiver of Usury, Stay or Extension Laws
	  	 	45	  
			
	 Section 5.15.
	 	 Undertaking for Costs
	  	 	45	  

  
 -ii-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 ARTICLE 6.
	 	 THE TRUSTEE
	  	 	46	  
			
	 Section 6.1.
	 	 Certain Duties and Responsibilities
	  	 	46	  
			
	 Section 6.2.
	 	 Certain Rights of Trustee
	  	 	47	  
			
	 Section 6.3.
	 	 Notice of Defaults
	  	 	48	  
			
	 Section 6.4.
	 	 Not Responsible for Recitals or Issuance of Securities
	  	 	49	  
			
	 Section 6.5.
	 	 May Hold Securities
	  	 	49	  
			
	 Section 6.6.
	 	 Money Held in Trust
	  	 	49	  
			
	 Section 6.7.
	 	 Compensation and Reimbursement
	  	 	49	  
			
	 Section 6.8.
	 	 Corporate Trustee Required; Eligibility
	  	 	50	  
			
	 Section 6.9.
	 	 Resignation and Removal; Appointment of Successor
	  	 	50	  
			
	 Section 6.10.
	 	 Acceptance of Appointment by Successor
	  	 	52	  
			
	 Section 6.11.
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	53	  
			
	 Section 6.12.
	 	 Appointment of Authenticating Agent
	  	 	53	  
			
	 ARTICLE 7.
	 	 HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	 	55	  
			
	 Section 7.1.
	 	 Company to Furnish Trustee Names and Addresses of Holders
	  	 	55	  
			
	 Section 7.2.
	 	 Preservation of Information; Communications to Holders
	  	 	55	  
			
	 Section 7.3.
	 	 Reports by Trustee
	  	 	56	  
			
	 Section 7.4.
	 	 Reports by Company
	  	 	56	  
			
	 ARTICLE 8.
	 	 CONSOLIDATION, MERGER AND SALES
	  	 	57	  
			
	 Section 8.1.
	 	 Company May Consolidate, Etc., Only on Certain Terms
	  	 	57	  
			
	 Section 8.2.
	 	 Successor Person Substituted for Company
	  	 	57	  
			
	 ARTICLE 9.
	 	 SUPPLEMENTAL INDENTURES
	  	 	58	  
			
	 Section 9.1.
	 	 Supplemental Indentures Without Consent of Holders
	  	 	58	  
			
	 Section 9.2.
	 	 Supplemental Indentures With Consent of Holders
	  	 	59	  
			
	 Section 9.3.
	 	 Execution of Supplemental Indentures
	  	 	60	  
			
	 Section 9.4.
	 	 Effect of Supplemental Indentures
	  	 	60	  
			
	 Section 9.5.
	 	 Reference in Securities to Supplemental Indentures
	  	 	61	  
			
	 Section 9.6.
	 	 Conformity With Trust Indenture Act
	  	 	61	  
			
	 Section 9.7.
	 	 Notice of Supplemental Indenture
	  	 	61	  

  
 -iii-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 ARTICLE 10.
	 	 COVENANTS
	  	 	61	  
			
	 Section 10.1.
	 	 Payment of Principal, Any Premium, Interest and Additional Amounts
	  	 	61	  
			
	 Section 10.2.
	 	 Maintenance of Office or Agency
	  	 	61	  
			
	 Section 10.3.
	 	 Money for Securities Payments to be Held in Trust
	  	 	63	  
			
	 Section 10.4.
	 	 Additional Amounts
	  	 	64	  
			
	 Section 10.5.
	 	 [Reserved.]
	  	 	65	  
			
	 Section 10.6.
	 	 [Reserved.]
	  	 	65	  
			
	 Section 10.7.
	 	 Corporate Existence
	  	 	65	  
			
	 Section 10.8.
	 	 Waiver of Certain Covenants
	  	 	65	  
			
	 Section 10.9.
	 	 Company Statement as to Compliance; Notice of Certain Defaults
	  	 	65	  
			
	ARTICLE 11.	 	REDEMPTION OF SECURITIES	  	 	66	  
			
	 Section 11.1.
	 	 Applicability of Article
	  	 	66	  
			
	 Section 11.2.
	 	 Election to Redeem; Notice to Trustee
	  	 	66	  
			
	 Section 11.3.
	 	 Selection by Trustee of Securities to be Redeemed
	  	 	66	  
			
	 Section 11.4.
	 	 Notice of Redemption
	  	 	67	  
			
	 Section 11.5.
	 	 Deposit of Redemption Price
	  	 	68	  
			
	 Section 11.6.
	 	 Securities Payable on Redemption Date
	  	 	68	  
			
	 Section 11.7.
	 	 Securities Redeemed in Part
	  	 	69	  
			
	ARTICLE 12.	 	SINKING FUNDS	  	 	70	  
			
	 Section 12.1.
	 	 Applicability of Article
	  	 	70	  
			
	 Section 12.2.
	 	 Satisfaction of Sinking Fund Payments With Securities
	  	 	70	  
			
	 Section 12.3.
	 	 Redemption of Securities for Sinking Fund
	  	 	70	  
			
	ARTICLE 13.	 	REPAYMENT AT THE OPTION OF HOLDERS	  	 	71	  
			
	 Section 13.1.
	 	 Applicability of Article
	  	 	71	  
			
	ARTICLE 14.	 	SECURITIES IN FOREIGN CURRENCIES	  	 	71	  
			
	 Section 14.1.
	 	 Applicability of Article
	  	 	71	  
			
	ARTICLE 15.	 	MEETINGS OF HOLDERS OF SECURITIES	  	 	72	  
			
	 Section 15.1.
	 	 Purposes for Which Meetings May Be Called
	  	 	72	  
			
	 Section 15.2.
	 	 Call, Notice and Place of Meetings
	  	 	72	  
			
	 Section 15.3.
	 	 Persons Entitled to Vote at Meetings
	  	 	72	  

  
 -iv-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 15.4.
	 	 Quorum; Action
	  	 	73	  
			
	 Section 15.5.
	 	 Determination of Voting Rights; Conduct and Adjournment of Meetings
	  	 	73	  
			
	 Section 15.6.
	 	 Counting Votes and Recording Action of Meetings
	  	 	74	  
			
	ARTICLE 16.	 	SUBORDINATION OF SECURITIES	  	 	75	  
			
	 Section 16.1.
	 	 Securities Subordinate to Senior Indebtedness
	  	 	75	  
			
	 Section 16.2.
	 	 Payment Over of Proceeds Upon Dissolution, Etc
	  	 	75	  
			
	 Section 16.3.
	 	 No Payment when Senior Indebtedness in Default
	  	 	76	  
			
	 Section 16.4.
	 	 Reliance by Senior Indebtedness on Subordination Provisions
	  	 	77	  
			
	 Section 16.5.
	 	 Payment Permitted If No Default
	  	 	77	  
			
	 Section 16.6.
	 	 Subrogation to Rights of Holders of Senior Indebtedness
	  	 	78	  
			
	 Section 16.7.
	 	 Provisions Solely to Define Relative Rights
	  	 	78	  
			
	 Section 16.8.
	 	 Trustee to Effectuate Subordination
	  	 	79	  
			
	 Section 16.9.
	 	 No Waiver of Subordination Provisions
	  	 	79	  
			
	 Section 16.10.
	 	 Notice to Trustee
	  	 	79	  
			
	 Section 16.11.
	 	 Reliance on Judicial Order or Certificate of Liquidating Agent
	  	 	80	  
			
	 Section 16.12.
	 	 Trustee Not Fiduciary for Holders of Senior Indebtedness
	  	 	80	  
			
	 Section 16.13.
	 	 Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee’s Rights
	  	 	80	  
			
	 Section 16.14.
	 	 Article Applicable to Paying Agents
	  	 	80	  
			
	 Section 16.15.
	 	 Defeasance of this Article 16
	  	 	81	  
			
	EXHIBIT A	 	FORM OF SECURITY	  	 	83	  

  
 -v-

 INDENTURE, dated as of
            , 20     (the “Indenture”), among COINSTAR, INC., a corporation duly organized and existing under the laws of the State of Delaware (hereinafter
called the “Company”), having its principal executive office located at 1800 114th Avenue S.E., Bellevue, Washington 98004, and
                    , a                     , as
trustee (hereinafter called the “Trustee”), having its Corporate Trust Office located at                     . 

RECITALS 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its
unsecured, [unsubordinated/subordinated] debentures, notes or other evidences of indebtedness (hereinafter called the “Securities”), unlimited as to principal amount, to bear such rates of interest, to mature at such time or times, to be
issued in one or more series and to have such other provisions as shall be fixed as hereinafter provided. 
 The Company has
duly authorized the execution and delivery of this Indenture. All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. 

This Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, and the rules and regulations of the
Securities and Exchange Commission promulgated thereunder that are required to be part of this Indenture and, to the extent applicable, shall be governed by such provisions. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 
 For and in consideration of
the premises and the purchase of the Securities by the Holders (as herein defined) thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities or of any series thereof and any Coupons (as
herein defined) as follows: 
 ARTICLE 1. 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
  

	Section 1.1.	Definitions. 

 Except as
otherwise expressly provided in or pursuant to this Indenture or unless the context otherwise requires, for all purposes of this Indenture: 
 (1) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 

(2) all other terms used herein which are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings
assigned to them therein; 
 (3) all accounting terms not otherwise defined herein have the meanings assigned to them in
accordance with generally accepted accounting principles in the United States of America and, except as otherwise herein expressly provided, the terms “generally accepted accounting principles” or “GAAP” with respect to any
computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United States of America at the date or time of such computation; 

 (4) the words “herein,” “hereof,” “hereto” and
“hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; and 
 (5) the word “or” is always used inclusively (for example, the phrase “A or B” means “A or B or both,” not “either A or B but not both”). 

Certain terms used principally in certain Articles hereof are defined in those Articles. 

“Act,” when used with respect to any Holders, has the meaning specified in Section 1.4. 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified
herein or therein, to be paid by the Company in respect of certain taxes, assessments or other governmental charges imposed on Holders specified therein and which are owing to such Holders. 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct
or indirect common control with such specified Person. For the purposes of this definition, “control,” when used with respect to any specified Person, means the power to direct the management and policies of such Person, directly or
indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have the meanings correlative to the foregoing. 

“Authenticating Agent” means any Person authorized by the Trustee pursuant to Section 6.12 to act on behalf of the Trustee
to authenticate Securities of one or more series. 
 “Authorized Newspaper” means a newspaper, in an official language
of the place of publication or in the English language, customarily published on each day that is a Business Day in the place of publication, whether or not published on days that are Legal Holidays in the place of publication, and of general
circulation in each place in connection with which the term is used or in the financial community of each such place. Where successive publications are required to be made in Authorized Newspapers, the successive publications may be made in the same
or in different newspapers in the same city meeting the foregoing requirements and in each case on any day that is a Business Day in the place of publication. 
 “Authorized Officer” means, when used with respect to the Company, the Chairman of the Board of Directors, the Chief Executive Officer, the President, any Vice President, the Chief Financial
Officer, the Chief Operating Officer, the Chief Accounting Officer, the Secretary or an Assistant Secretary, of the Company. 

“Bearer Security” means any Security in the form established pursuant to Section 2.1 which is payable to bearer.

  
 - 2 -

 “Board of Directors” means the board of directors of the Company or any committee
of that board duly authorized to act generally or in any particular respect for the Company hereunder. 
 “Board
Resolution” means a copy of one or more resolutions, 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,
delivered to the Trustee. 
 “Business Day,” with respect to any Place of Payment or other location, means, unless
otherwise specified with respect to any Securities pursuant to Section 3.1, any day other than a Saturday, Sunday or other day on which banking institutions in such Place of Payment or other location are authorized or obligated by law,
regulation or executive order to close. 
 “Capital Stock” of any Person means any and all shares, interests, rights
to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including Preferred Stock, but excluding any debt securities convertible into such equity. 

“Capitalized Lease Obligation” means an obligation under a lease that is required to be capitalized for financial reporting
purposes in accordance with generally accepted accounting principles, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with such principles. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Securities
Exchange Act of 1934, as amended, or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such time.

 “Common Stock” in respect of any Corporation means Capital Stock of any class or classes (however designated) which
has no preference as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Corporation, and which is not subject to redemption by such Corporation. 

“Company” means the Person named as the “Company” in the first paragraph of this instrument until a successor Person
shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person, and any other obligor upon the Securities. 

“Company Request” and “Company Order” mean, respectively, a written request or order, as the case may be, signed in
the name of the Company by an Authorized Officer, and delivered to the Trustee. 
 “Conversion Event” means the
cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the
international banking community or (ii) any currency unit or composite currency for the purposes for which it was established. 

  
 - 3 -

 “Corporate Trust Office” means the principal corporate trust office of the Trustee
at which at any particular time its corporate trust business shall be administered, which office at the date of original execution of this Indenture is located at
                    . 

“Corporation” includes corporations and limited liability companies and, except for purposes of Article 8, associations,
companies and business trusts. 
 “Coupon” means any interest coupon appertaining to a Bearer Security. 

“Currency,” with respect to any payment, deposit or other transfer in respect of the principal of or any premium or interest on
or any Additional Amounts with respect to any Security, means Dollars or the Foreign Currency, as the case may be, in which such payment, deposit or other transfer is required to be made by or pursuant to the terms hereof or such Security and, with
respect to any other payment, deposit or transfer pursuant to or contemplated by the terms hereof or such Security, means Dollars. 
 “CUSIP number” means the alphanumeric designation assigned to a Security by Standard & Poor’s Ratings Service, CUSIP Service Bureau. 

“Defaulted Interest” has the meaning specified in Section 3.7. 

“Dollars” or “$” means a dollar or other equivalent unit of legal tender for payment of public or private debts in
the United States of America. 
 “Event of Default” has the meaning specified in Section 5.1. 

“Foreign Currency” means any currency, currency unit or composite currency, including, without limitation, the euro, issued by
the government of one or more countries other than the United States of America or by any recognized confederation or association of such governments. 
 “Government Obligations” means securities which are (i) direct obligations of the United States of America or the other government or governments which issued the Foreign Currency in which
the principal of or any premium or interest on such Security or any Additional Amounts in respect thereof shall be payable, in each case where the payment or payments thereunder are supported by the full faith and credit of such government or
governments or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such other government or governments, in each case where the timely payment or payments
thereunder are unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government or governments, and which, in the case of (i) or (ii), are not callable or redeemable at the option of the
issuer or issuers thereof, and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of or other amount with respect to
any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of
such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of or other amount with respect to the Government Obligation evidenced by such depository
receipt. 

  
 - 4 -

 “Holder,” in the case of any Registered Security, means the Person in whose name
such Security is registered in the Security Register and, in the case of any Bearer Security, means the bearer thereof and, in the case of any Coupon, means the bearer thereof. 

“Indebtedness” means, with respect to any Person, (i) the principal of and any premium and interest on
(a) indebtedness of such Person for money borrowed and (b) indebtedness evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or liable; (ii) all Capitalized Lease
Obligations of such Person; (iii) all obligations of such Person issued or assumed as the deferred purchase price of property, all conditional sale obligations and all obligations under any title retention agreement (but excluding trade
accounts payable arising in the ordinary course of business); (iv) all obligations of such Person for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction (other than obligations with
respect to letters of credit securing obligations (other than obligations described in (i) through (iii) above) entered into in the ordinary course of business of such Person to the extent such letters of credit are not drawn upon or, if
and to the extent drawn upon, such drawing is reimbursed no later than the third Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit); (v) all obligations of the type referred to
in clauses (i) through (iv) of other Persons and all dividends of other Persons for the payment of which, in either case, such Person is responsible or liable as obligor, guarantor or otherwise; and (vi) all obligations of the type
referred to in clauses (i) through (v) of other Persons secured by any lien on any property or asset of such Person (whether or not such obligation is assumed by such Person), the amount of such obligation being deemed to be the lesser of
the value of such property or assets or the amount of the obligation so secured; and (vii) any amendments, modifications, refundings, renewals or extensions of any indebtedness or obligation described as Indebtedness in clauses (i) through
(vi) above. 
 “Indenture” means this instrument as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and, with respect to any Security, by the terms and provisions of such Security and any Coupon appertaining thereto established pursuant to
Section 3.1 (as such terms and provisions may be amended pursuant to the applicable provisions hereof). 

“Independent Public Accountants” means accountants or a firm of accountants that, with respect to the Company and any other
obligor under the Securities or the Coupons, are independent public accountants within the meaning of the Securities Act of 1933, as amended, and the rules and regulations promulgated by the Commission thereunder, who may be the independent public
accountants regularly retained by the Company or who may be other independent public accountants. Such accountants or firm shall be entitled to rely upon any Opinion of Counsel as to the interpretation of any legal matters relating to this Indenture
or certificates required to be provided hereunder. 

  
 - 5 -

 “Indexed Security” means a Security the terms of which provide that the principal
amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance. 

“Interest,” with respect to any Original Issue Discount Security which by its terms bears interest only after Maturity, means
interest payable after Maturity and, when used with respect to a Security which provides for the payment of Additional Amounts pursuant to Section 10.4, includes such Additional Amounts. 

“Interest Payment Date,” with respect to any Security, means the Stated Maturity of an installment of interest on such
Security. 
 “Judgment Currency” has the meaning specified in Section 1.16. 

“Legal Holidays” has the meaning specified in Section 1.14. 

“Maturity,” with respect to any Security, means the date on which the principal of such Security or an installment of principal
becomes due and payable as provided in or pursuant to this Indenture, whether at the Stated Maturity or by declaration of acceleration, notice of redemption or repurchase, notice of option to elect repayment or otherwise, and includes the Redemption
Date. 
 “New York Banking Day” has the meaning specified in Section 1.16. 

“Office” or “Agency,” with respect to any Securities, means an office or agency of the Company maintained or
designated in a Place of Payment for such Securities pursuant to Section 10.2 or any other office or agency of the Company maintained or designated for such Securities pursuant to Section 10.2 or, to the extent designated or required by
Section 10.2 in lieu of such office or agency, the Corporate Trust Office of the Trustee. 
 “Officer’s
Certificate” means a certificate signed by an Authorized Officer that complies with the requirements of Section 314(e) of the Trust Indenture Act and is delivered to the Trustee. 

“Opinion of Counsel” means a written opinion of counsel, who may be an employee of or counsel for the Company, or other counsel
who shall be reasonably acceptable to the Trustee, that, if required by the Trust Indenture Act, complies with the requirements of Section 314(e) of the Trust Indenture Act. 

“Original Issue Discount Security” means a Security issued pursuant to this Indenture which provides for declaration of an
amount less than the principal face amount thereof to be due and payable upon acceleration pursuant to Section 5.2. 

“Outstanding,” when used with respect to any Securities, means, as of the date of determination, all such Securities
theretofore authenticated and delivered under this Indenture, except: 
 (a) any such Security theretofore cancelled by the
Trustee or the Security Registrar or delivered to the Trustee or the Security Registrar for cancellation; 

  
 - 6 -

 (b) any such Security for whose payment at the Maturity thereof money in the necessary
amount has been theretofore deposited pursuant hereto (other than pursuant to Section 4.2) with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as
its own Paying Agent) for the Holders of such Securities and any Coupons appertaining thereto, provided that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor
satisfactory to the Trustee has been made; 
 (c) any such Security with respect to which the Company has effected defeasance
pursuant to the terms hereof, except to the extent provided in Section 4.2; 
 (d) any such Security which has been paid
pursuant to Section 3.6 or in exchange for or in lieu of which other Securities have been authenticated and delivered pursuant to this Indenture, unless there shall have been presented to the Trustee proof satisfactory to it that such Security
is held by a bona fide purchaser in whose hands such Security is a valid obligation of the Company; and 
 (e) any such
Security converted or exchanged as contemplated by this Indenture into securities of the Company or another issuer, if the terms of such Security provide for such conversion or exchange pursuant to Section 3.1; provided, however, that in
determining whether the Holders of the requisite principal amount of Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders of Securities for quorum
purposes, (i) the principal amount of an Original Issue Discount Security that may be counted in making such determination and that shall be deemed to be Outstanding for such purposes shall be equal to the amount of the principal thereof that
pursuant to the terms of such Original Issue Discount Security would be declared (or shall have been declared to be) due and payable upon a declaration of acceleration thereof pursuant to Section 5.2 at the time of such determination, and
(ii) the principal amount of any Indexed Security that may be counted in making such determination and that shall be deemed Outstanding for such purposes shall be equal to the principal face amount of such Indexed Security at original issuance,
unless otherwise provided in or pursuant to this Indenture, and (iii) the principal amount of a Security denominated in a Foreign Currency shall be the Dollar equivalent, determined on the date of original issuance of such Security, of the
principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent on the date of original issuance of such Security of the amount determined as provided in (i) above) of such Security, and (iv) Securities
owned by the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making
any such determination or relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded. Securities so
owned which shall have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee (A) the pledgee’s right so to act with respect to such Securities and (B) that the pledgee
is not the Company or any other obligor upon the Securities or any Coupons appertaining thereto or an Affiliate of the Company or such other obligor. 

  
 - 7 -

 “Paying Agent” means any Person authorized by the Company to pay the principal of,
or any premium or interest on, or any Additional Amounts with respect to, any Security or any Coupon on behalf of the Company. 

[“Payment Blockage Notice” has the meaning specified in Section 16.3.] 

[“Payment Blockage Period” has the meaning specified in Section 16.3.] 

“Person” means any individual, Corporation, partnership, joint venture, joint-stock company, trust, unincorporated organization
or government or any agency or political subdivision thereof. 
 “Place of Payment,” with respect to any Security,
means the place or places where the principal of, or any premium or interest on, or any Additional Amounts with respect to such Security are payable as provided in or pursuant to this Indenture or such Security. 

“Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same
Indebtedness as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.6 in exchange for or in lieu of a lost, destroyed, mutilated or stolen Security or
any Security to which a mutilated, destroyed, lost or stolen Coupon appertains shall be deemed to evidence the same Indebtedness as the lost, destroyed, mutilated or stolen Security or the Security to which a mutilated, destroyed, lost or stolen
Coupon appertains. 
 “Preferred Stock” in respect of any Corporation means Capital Stock of any class or classes
(however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Corporation, over shares of Capital Stock of any other class of such
Corporation. 
 “Redemption Date,” with respect to any Security or portion thereof to be redeemed, means the date
fixed for such redemption by or pursuant to this Indenture or such Security. 
 “Redemption Price,” with respect to
any Security or portion thereof to be redeemed, means the price at which it is to be redeemed as determined by or pursuant to this Indenture or such Security. 
 “Registered Security” means any Security established pursuant to Section 2.1 which is registered in a Security Register. 

“Regular Record Date” for the interest payable on any Registered Security on any Interest Payment Date therefor means the date,
if any, specified in or pursuant to this Indenture or such Security as the “Regular Record Date”. 
 “Required
Currency” has the meaning specified in Section 1.16. 

  
 - 8 -

 “Responsible Officer” means any vice president, any assistant vice president, the
secretary, any assistant secretary, the treasurer, any assistant treasurer, or any trust officer or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means,
with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject. 

“Restricted Subsidiary” has the meaning specified in the Indenture, as supplemented or amended as applicable. 

“Security” or “Securities” means any note or notes, bond or bonds, debenture or debentures, or any other evidences of
Indebtedness, as the case may be, authenticated and delivered under this Indenture; provided, however, that, if at any time there is more than one Person acting as Trustee under this Indenture, “Securities,” with respect to any such
Person, shall mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee. 
 [“Securities Payment” has the meaning specified in Section 16.2.] 

“Security Register” and “Security Registrar” have the respective meanings specified in Section 3.5. 

[“Senior Indebtedness” means (x) all Indebtedness for money borrowed of the Company and other Indebtedness of the Company
referred to in the definition of Indebtedness other than in clause (iii) thereof, whether incurred on or prior to the date of this Indenture or thereafter incurred, other than the Securities and (y) amendments, renewals, extensions,
modifications, refinancings and refundings of any such Indebtedness; provided, however, the following shall not constitute Senior Indebtedness: (A) any Indebtedness owed to a Person when such Person is a Subsidiary of the Company
and (B) any Indebtedness which by the terms of the instrument creating or evidencing the same is not superior in right of payment to the Securities.] 
 “Special Record Date” for the payment of any Defaulted Interest on any Registered Security means a date fixed by the Company pursuant to Section 3.7. 

“Stated Maturity,” with respect to any Security or any installment of principal thereof or interest thereon, or any Additional
Amounts with respect thereto, means the date established by or pursuant to this Indenture or such Security as the fixed date on which the principal of such Security or such installment of principal or interest is, or such Additional Amounts are, due
and payable. 
 “Subsidiary” means, in respect of any Person, any Corporation, limited or general partnership or other
business entity of which at the time of determination more than 50% of the voting power of the shares of its Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in
the election of directors, managers or trustees thereof is owned or controlled, directly or indirectly, by (i) such Person, (ii) such Person and one or more Subsidiaries of such Person or (iii) one or more Subsidiaries of such Person.

  
 - 9 -

 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended, and any
reference herein to the Trust Indenture Act or a particular provision thereof shall mean such Act or provision, as the case may be, as amended or replaced from time to time or as supplemented from time to time by rules or regulations adopted by the
Commission under or in furtherance of the purposes of such Act or provision, as the case may be. 
 “Trustee” means
the Person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such with respect to one or more series of Securities pursuant to the applicable provisions of this Indenture, and
thereafter “Trustee” shall mean each Person who is then a Trustee hereunder; provided, however, that if at any time there is more than one such Person, “Trustee” shall mean each such Person and as used with respect to the
Securities of any series shall mean the Trustee with respect to the Securities of such series. 
 “United States,”
except as otherwise provided in or pursuant to this Indenture or any Security, means the United States of America (including the states thereof and the District of Columbia), its territories and possessions and other areas subject to its
jurisdiction. 
 “United States Alien,” except as otherwise provided in or pursuant to this Indenture or any Security,
means any Person who, for United States Federal income tax purposes, is a foreign corporation, a non-resident alien individual, a non-resident alien fiduciary of a foreign estate or trust, or a foreign partnership one or more of the members of which
is, for United States Federal income tax purposes, a foreign corporation, a non-resident alien individual or a non-resident alien fiduciary of a foreign estate or trust. 
 “U.S. Depository” or “Depository” means, with respect to any Security issuable or issued in the form of one or more global Securities, the Person designated as U.S. Depository or
Depository by the Company in or pursuant to this Indenture, which Person must be, to the extent required by applicable law or regulation, a clearing agency registered under the Securities Exchange Act of 1934, as amended, and, if so provided with
respect to any Security, any successor to such Person. If at any time there is more than one such Person, “U.S. Depository” or “Depository” shall mean, with respect to any Securities, the qualifying entity which has been
appointed with respect to such Securities. 
 “Vice President,” when used with respect to the Company or the Trustee,
means any vice president, whether or not designated by a number or a word or words added before or after the title “Vice President”. 
  

	Section 1.2.	Compliance Certificates and Opinions. 

 Except as otherwise expressly provided in this Indenture, upon any application or request by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish
to the Trustee an Officer’s Certificate stating that all conditions precedent, if any, provided for in this Indenture 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 or any of them is specifically required by any provision of this
Indenture relating to such particular application or request, no additional certificate or opinion need be furnished. 

  
 - 10 -

 Every certificate or opinion with respect to compliance with a condition or covenant
provided for in this Indenture shall include: 
 (1) a statement that the individual signing such certificate or opinion has
read such condition or covenant and the definitions herein relating thereto; 
 (2) 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; 

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

	Section 1.3.	Form of Documents Delivered to Trustee. 

 In any case where several matters are required to be certified by, or covered by an 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 an Opinion of Counsel, provided that such officer, after reasonable inquiry, has no reason to believe and does not believe that the Opinion of Counsel with respect to the matters
upon which his certificate or opinion is based is erroneous. Any such 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, provided that such counsel, after reasonable inquiry, has no reason to believe and does not believe 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 Indenture or any Security, they may, but need not, be consolidated and form one instrument. 

 

	Section 1.4.	Acts of Holders. 

 (1) Any
request, demand, authorization, direction, notice, consent, waiver or other action provided by or pursuant to this Indenture 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. If, but only if, Securities of a 

  
 - 11 -

 
series are issuable as Bearer Securities, any request, demand, authorization, direction, notice, consent, waiver or other action provided in or pursuant to this Indenture to be given or taken by
Holders of Securities of such series may, alternatively, be embodied in and evidenced by the record of Holders of Securities of such series voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders
of Securities of such series duly called and held in accordance with the provisions of Article 15, or a combination of such instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when such
instrument or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are
herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any
Person of a Security, shall be sufficient for any purpose of this Indenture and (subject to Section 315 of the Trust Indenture Act) conclusive in favor of the Trustee and the Company and any agent of the Trustee and the Company, if made in the
manner provided in this Section. The record of any meeting of Holders of Securities shall be proved in the manner provided in Section 15.6. 
 Without limiting the generality of this Section 1.4, unless otherwise provided in or pursuant to this Indenture, a Holder, including a U.S. Depository that is a Holder of a global Security, may make,
give or take, by a proxy or proxies, duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other Act provided in or pursuant to this Indenture to be made, given or taken by Holders, and a U.S.
Depository that is a Holder of a global Security may provide its proxy or proxies to the beneficial owners of interests in any such global Security through such U.S. Depository’s standing instructions and customary practices. 

The Company shall fix a record date for the purpose of determining the Persons who are beneficial owners of interest in any permanent
global Security held by a U.S. Depository entitled under the procedures of such U.S. Depository to make, give or take, by a proxy or proxies duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other
Act provided in or pursuant to this Indenture to be made, given or taken by Holders. If such a record date is fixed, the Holders on such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled to make, give or
take such request, demand, authorization, direction, notice, consent, waiver or other Act, whether or not such Holders remain Holders after such record date. No such request, demand, authorization, direction, notice, consent, waiver or other Act
shall be valid or effective if made, given or taken more than 90 days after such record date. 
 (2) The fact and date of the
execution by any Person of any such instrument or writing referred to in this Section 1.4 may be proved in any reasonable manner; and the Trustee may in any instance require further proof with respect to any of the matters referred to in this
Section. 
 (3) The ownership, principal amount and serial numbers of Registered Securities held by any Person, and the date of
the commencement and the date of the termination of holding the same, shall be proved by the Security Register. 

  
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 (4) The ownership, principal amount and serial numbers of Bearer Securities held by any
Person, and the date of the commencement and the date of the termination of holding the same, may be proved by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other
depositary reasonably acceptable to the Company, wherever situated, if such certificate shall be deemed by the Company and the Trustee to be satisfactory, showing that at the date therein mentioned such Person had on deposit with such depositary, or
exhibited to it, the Bearer Securities therein described; or such facts may be proved by the certificate or affidavit of the Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The
Trustee and the Company may assume that such ownership of any Bearer Security continues until (i) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (ii) such Bearer Security
is produced to the Trustee by some other Person, or (iii) such Bearer Security is surrendered in exchange for a Registered Security, or (iv) such Bearer Security is no longer Outstanding. The ownership, principal amount and serial numbers
of Bearer Securities held by the Person so executing such instrument or writing and the date of the commencement and the date of the termination of holding the same may also be proved in any other manner which the Company and the Trustee deem
sufficient. 
 (5) If the Company shall solicit from the Holders of any Registered Securities any request, demand,
authorization, direction, notice, consent, waiver or other Act, the Company may at its option (but is not obligated to), by Board Resolution, fix in advance a record date for the determination of Holders of Registered Securities entitled to give
such request, demand, authorization, direction, notice, consent, waiver or other Act. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date,
but only the Holders of Registered Securities of record at the close of business on such record date shall be deemed to be Holders for the purpose of determining whether Holders of the requisite proportion of Outstanding Securities have authorized
or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement
or consent by the Holders of Registered Securities shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than six months after the record date. 

(6) Any request, demand, authorization, direction, notice, consent, waiver or other Act by the Holder of any Security shall bind every
future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or suffered to be done by the Trustee, any Security
Registrar, any Paying Agent or the Company in reliance thereon, whether or not notation of such Act is made upon such Security. 
  

	Section 1.5.	Notices, Etc. to the Trustee and the Company. 

 Any request, demand, authorization, direction, notice, consent, waiver or other Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed
with, 

  
 - 13 -

 (1) the Trustee by any Holder or the Company shall be sufficient for every purpose hereunder
if made, given, furnished or filed in writing to or with the Trustee at its Corporate Trust Office, or 
 (2) the Company by the
Trustee or any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company addressed to the attention of its Chief Financial Officer, Chief
Accounting Officer or Secretary, at the address of its principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company. 

 

	Section 1.6.	Notice to Holders of Securities; Waiver. 

 Except as otherwise expressly provided in or pursuant to this Indenture, where this Indenture provides for notice to Holders of Securities of any event, 

(1) such notice shall be sufficiently given to Holders of Registered Securities if in writing and mailed, first-class postage prepaid, to
each Holder of a Registered Security affected by such event, at his 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; and 

(2) such notice shall be sufficiently given to Holders of Bearer Securities, if any, if published in an Authorized Newspaper in The City
of New York and, if such Securities are then listed on any stock exchange outside the United States, in an Authorized Newspaper in such city as the Company shall advise the Trustee that such stock exchange so requires, on a Business Day at least
twice, the first such publication to be not earlier than the earliest date and the second such publication not later than the latest date prescribed for the giving of such notice. 

In any case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in
any notice so mailed, to any particular Holder of a Registered Security shall affect the sufficiency of such notice with respect to other Holders of Registered Securities or the sufficiency of any notice to Holders of Bearer Securities given as
provided herein. Any notice which is mailed in the manner herein provided shall be conclusively presumed to have been duly given or provided. In the 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 Trustee shall constitute a sufficient notification for every purpose hereunder. 

In case by reason of the suspension of publication of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause
it shall be impracticable to publish any notice to Holders of Bearers Securities as provided above, then such notification to Holders of Bearer Securities as shall be given with the approval of the Trustee shall constitute sufficient notice to such
Holders for every purpose hereunder. Neither failure to give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any notice so published, shall affect the sufficiency of any notice mailed to Holders of
Registered Securities as provided above. 

  
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 Where this Indenture 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 of Securities shall be filed with the Trustee, but such filing shall not be a
condition precedent to the validity of any action taken in reliance upon such waiver. 
  

	Section 1.7.	Language of Notices. 

 Any
request, demand, authorization, direction, notice, consent, election or waiver required or permitted under this Indenture shall be in the English language, except that, if the Company so elects, any published notice may be in an official language of
the country of publication. 
  

	Section 1.8.	Conflict with Trust Indenture Act. 

 If any provision hereof limits, qualifies or conflicts with any duties under any required provision of the Trust Indenture Act imposed hereon by Section 318(c) thereof, such required provision shall
control. 
  

	Section 1.9.	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 1.10.	Successors and Assigns. 

All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not.

  

	Section 1.11.	Separability Clause. 

 In
case any provision in this Indenture, any Security or any Coupon shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

 

	Section 1.12.	Benefits of Indenture. 

Nothing in this Indenture, any Security or any Coupon, express or implied, shall give to any Person, other than the parties hereto, any
Security Registrar, any Paying Agent, any Authenticating Agent and their successors hereunder[, the holders of Senior Indebtedness] and the Holders of Securities or Coupons, any benefit or any legal or equitable right, remedy or claim under this
Indenture. 
  

	Section 1.13.	Governing Law. 

 This
Indenture, the Securities and any Coupons shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made or instruments entered into and, in each case, performed in said state. 

  
 - 15 -

	Section 1.14.	Legal Holidays. 

 Unless
otherwise specified in or pursuant to this Indenture or any Securities, in any case where any Interest Payment Date, Stated Maturity or Maturity of any Security, or the last date on which a Holder has the right to convert or exchange Securities of a
series that are convertible or exchangeable, shall be a Legal Holiday at any Place of Payment, then (notwithstanding any other provision of this Indenture, any Security or any Coupon other than a provision in any Security or Coupon that specifically
states that such provision shall apply in lieu hereof) payment need not be made at such Place of Payment on such date, and such Securities need not be converted or exchanged on such date but such payment may be made, and such Securities may be
converted or exchanged, on the next succeeding day that is a Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or at the Stated Maturity or Maturity or on such last day for conversion or
exchange, and no interest shall accrue on the amount payable on such date or at such time for the period from and after such Interest Payment Date, Stated Maturity, Maturity or last day for conversion or exchange, as the case may be, to such next
succeeding Business Day. 
  

	Section 1.15.	Counterparts. 

 This
Indenture may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. 
  

	Section 1.16.	Judgment Currency. 

 The
Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of, or premium or
interest, if any, or Additional Amounts on the Securities of any series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at
which in accordance with normal banking procedures the Trustee could purchase in The City of New York the requisite amount of the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which a final
unappealable judgment is given and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, or any recovery pursuant to any judgment (whether or not entered
in accordance with clause (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable
in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount
of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing, “New York Banking Day” means any day except a
Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed. 

  
 - 16 -

	Section 1.17.	No Security Interest Created. 

 Nothing in this Indenture or in any Security, express or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted
and in effect in any jurisdiction where property of the Company or its Subsidiaries is or may be located. 
  

	Section 1.18.	Limitation on Individual Liability. 

 No recourse under or upon any obligation, covenant or agreement contained in this Indenture or in any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any
incorporator, officer or director, as such, past, present or future, of the Company, either directly or through the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators,
shareholders, officers or directors, as such, of the Company, or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any
Security or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator,
shareholder, officer or director, as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any Security or implied therefrom, are
hereby expressly waived and released as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Security. 
 ARTICLE 2. 
 SECURITIES FORMS 

 

	Section 2.1.	Forms Generally. 

 Each
Registered Security, Bearer Security, Coupon and temporary or permanent global Security issued pursuant to this Indenture shall be in substantially the form attached as Exhibit A and as set forth pursuant to this Article, or in such other form
established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by or pursuant to this Indenture or
any indenture supplemental hereto and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be determined by the officers executing such Security or Coupon as
evidenced by their execution of such Security or Coupon. 
 Unless otherwise provided in or pursuant to this Indenture or any
Securities, the Securities shall be issuable in registered form without Coupons and shall not be issuable upon the exercise of warrants. 
 Definitive Securities and definitive Coupons shall be printed, lithographed or engraved or produced by any combination of these methods on a steel engraved border or steel engraved

  
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borders or may be produced in any other manner, all as determined by the officers of the Company executing such Securities or Coupons, as evidenced by their execution of such Securities or
Coupons. 
  

	Section 2.2.	Form of Trustee’s Certificate of Authentication. 

 Subject to Section 6.12, the Trustee’s certificate of authentication shall be in substantially the following form: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

					
		 	 ,

	Dated:	 	as Trustee
			
		 	By:	 	  

		 	Authorized Officer

  

	Section 2.3.	Securities in Global Form. 

Unless otherwise provided in or pursuant to this Indenture or any Securities, the Securities shall not be issuable in temporary or
permanent global form. If Securities of a series shall be issuable in global form, any such Security may provide that it or any number of such Securities shall represent the aggregate amount of all Outstanding Securities of such series (or such
lesser amount as is permitted by the terms thereof) from time to time endorsed thereon and may also provide that the aggregate amount of Outstanding Securities represented thereby may from time to time be increased or reduced to reflect exchanges.
Any endorsement of any Security in global form to reflect the amount, or any increase or decrease in the amount, or changes in the rights of Holders, of Outstanding Securities represented thereby shall be made in such manner and by such Person or
Persons as shall be specified therein or in the Company Order to be delivered pursuant to Section 3.3 or 3.4 with respect thereto. Subject to the provisions of Section 3.3 and, if applicable, Section 3.4, the Trustee shall deliver and
redeliver, in each case at the Company’s expense, any Security in permanent global form in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order pursuant to
Section 3.3 or 3.4 has been, or simultaneously is, delivered, any instructions by the Company with respect to a Security in global form shall be in writing but need not be accompanied by or contained in an Officer’s Certificate and need
not be accompanied by an Opinion of Counsel. 
 Notwithstanding the provisions of Section 3.7, unless otherwise specified
in or pursuant to this Indenture or any Security, payment of principal of, any premium and interest on, and any Additional Amounts in respect of, any Security in temporary or permanent global form shall be made to the Person or Persons specified
therein. 
 Notwithstanding the provisions of Section 3.8 and except as provided in the preceding paragraph, the Company,
the Trustee and any agent of the Company or the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a global Security 

  
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(i) in the case of a global Security in registered form, the Holder of such global Security in registered form, or (ii) in the case of a global Security in bearer form, the Person or Persons
specified pursuant to Section 3.1. 
 ARTICLE 3. 

THE SECURITIES 
  

	Section 3.1.	Amount Unlimited; Issuable in Series. 

 The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series. 

With respect to any Securities to be authenticated and delivered hereunder, there shall be established in or pursuant to a Board
Resolution and set forth in an Officer’s Certificate, or established in one or more indentures supplemental hereto, 
 (1)
the title of such Securities and the series in which such Securities shall be included; 
 (2) any limit upon the aggregate
principal amount of the Securities of such title or the Securities of such series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for,
or in lieu of, other Securities of such series pursuant to Section 3.4, 3.5, 3.6, 9.5 or 11.7, upon repayment in part of any Registered Security of such series pursuant to Article 13, upon surrender in part of any Registered Security for
conversion into other securities of the Company or exchange for securities of another issuer pursuant to its terms, or pursuant to or as contemplated by the terms of such Securities); 

(3) if such Securities are to be issuable as Registered Securities, as Bearer Securities or alternatively as Bearer Securities and
Registered Securities, and whether the Bearer Securities are to be issuable with Coupons, without Coupons or both, and any restrictions applicable to the offer, sale or delivery of the Bearer Securities and the terms, if any, upon which Bearer
Securities may be exchanged for Registered Securities and vice versa; 
 (4) if any of such Securities are to be issuable in
global form, when any of such Securities are to be issuable in global form and (i) whether such Securities are to be issued in temporary or permanent global form or both, (ii) whether beneficial owners of interests in any such global
Security may exchange such interests for Securities of the same series and of like tenor and of any authorized form and denomination, and the circumstances under which any such exchanges may occur, if other than in the manner specified in
Section 3.5, and (iii) the name of the Depository or the U.S. Depository, as the case may be, with respect to any such global Security; 
 (5) if any of such Securities are to be issuable as Bearer Securities or in global form, the date as of which any such Bearer Security or global Security shall be dated (if other than the date of original
issuance of the first of such Securities to be issued); 

  
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 (6) if any of such Securities are to be issuable as Bearer Securities, whether interest in
respect of any portion of a temporary Bearer Security in global form payable in respect of an Interest Payment Date therefor prior to the exchange, if any, of such temporary Bearer Security for definitive Securities shall be paid to any clearing
organization with respect to the portion of such temporary Bearer Security held for its account and, in such event, the terms and conditions (including any certification requirements) upon which any such interest payment received by a clearing
organization will be credited to the Persons entitled to interest payable on such Interest Payment Date; 
 (7) the date or
dates, or the method or methods, if any, by which such date or dates shall be determined, on which the principal of such Securities is payable; 
 (8) the rate or rates at which such Securities shall bear interest, if any, or the method or methods, if any, by which such rate or rates are to be determined, the date or dates, if any, from which such
interest shall accrue or the method or methods, if any, by which such date or dates are to be determined, the Interest Payment Dates, if any, on which such interest shall be payable and the Regular Record Date, if any, for the interest payable on
Registered Securities on any Interest Payment Date, whether and under what circumstances Additional Amounts on such Securities or any of them shall be payable, the notice, if any, to Holders regarding the determination of interest on a floating rate
Security and the manner of giving such notice, and the basis upon which interest shall be calculated if other than that of a 360-day year of twelve 30-day months; 
 (9) if in addition to or other than the Borough of Manhattan, The City of New York, the place or places where the principal of, any premium and interest on or any Additional Amounts with respect to such
Securities shall be payable, any of such Securities that are Registered Securities may be surrendered for registration of transfer or exchange, any of such Securities may be surrendered for conversion or exchange and notices or demands to or upon
the Company in respect of such Securities and this Indenture may be served, the extent to which, or the manner in which, any interest payment or Additional Amounts on a global Security on an Interest Payment Date, will be paid and the manner in
which any principal of or premium, if any, on any global Security will be paid; 
 (10) whether any of such Securities are to be
redeemable at the option of the Company and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities may be redeemed, in whole or in part, at
the option of the Company; 
 (11) whether the Company is obligated to redeem or purchase any of such Securities pursuant to any
sinking fund or analogous provision or at the option of any Holder thereof and, if so, the date or dates on which, the period or periods within which, the price or prices at which and the other terms and conditions upon which such Securities shall
be redeemed or purchased, in whole or in part, pursuant to such obligation, and any provisions for the remarketing of such Securities so redeemed or purchased; 
 (12) the denominations in which any of such Securities that are Registered Securities shall be issuable if other than denominations of $1,000 and any integral multiple thereof, and the denominations in
which any of such Securities that are Bearer Securities shall be issuable if other than the denomination of $5,000; 

  
 - 20 -

 (13) whether the Securities of the series will be convertible into other securities of the
Company and/or exchangeable for securities of another issuer, and if so, the terms and conditions upon which such Securities will be so convertible or exchangeable, and any deletions from or modifications or additions to this Indenture to permit or
to facilitate the issuance of such convertible or exchangeable Securities or the administration thereof; 
 (14) if other than
the principal amount thereof, the portion of the principal amount of any of such Securities that shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.2 or the method by which such portion is to be
determined; 
 (15) if other than Dollars, the Foreign Currency in which payment of the principal of, any premium or interest on
or any Additional Amounts with respect to any of such Securities shall be payable; 
 (16) if the principal of, any premium or
interest on or any Additional Amounts with respect to any of such Securities are to be payable, at the election of the Company or a Holder thereof or otherwise, in Dollars or in a Foreign Currency other than that in which such Securities are stated
to be payable, the date or dates on which, the period or periods within which, and the other terms and conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the Currency in which such
Securities are stated to be payable and the Currency in which such Securities or any of them are to be paid pursuant to such election, and any deletions from or modifications of or additions to the terms of this Indenture to provide for or to
facilitate the issuance of Securities denominated or payable, at the election of the Company or a Holder thereof or otherwise, in a Foreign Currency; 
 (17) whether the amount of payments of principal of, any premium or interest on or any Additional Amounts with respect to such Securities may be determined with reference to an index, formula or other
method or methods (which index, formula or method or methods may be based, without limitation, on one or more Currencies, commodities, equity securities, equity indices or other indices), and, if so, the terms and conditions upon which and the
manner in which such amounts shall be determined and paid or payable; 
 (18) any deletions from, modifications of or additions
to the Events of Default or covenants of the Company with respect to any of such Securities, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein; 

(19) whether either or both of Section 4.2(2) relating to defeasance or Section 4.2(3) relating to covenant defeasance shall
not be applicable to the Securities of such series, or any covenants in addition to those specified in Section 4.2(3) relating to the Securities of such series which shall be subject to covenant defeasance, and any deletions from, or
modifications or additions to, the provisions of Article 4 in respect of the Securities of such series; 
 (20) whether any of
such Securities are to be issuable upon the exercise of warrants, and the time, manner and place for such Securities to be authenticated and delivered; 

  
 - 21 -

 (21) if any of such Securities are to be issuable in global form and are to be issuable in
definitive form (whether upon original issue or upon exchange of a temporary Security) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and terms of such certificates, documents or
conditions; 
 (22) if there is more than one Trustee, the identity of the Trustee and, if not the Trustee, the identity of each
Security Registrar, Paying Agent or Authenticating Agent with respect to such Securities; 
 (23) [any deletions from or
modifications or additions to the provisions of Article 16 in respect of any of such Securities;] and 
 (24) any other terms of
such Securities and any other deletions from or modifications or additions to this Indenture in respect of such Securities. 

All Securities of any one series and all Coupons, if any, appertaining to Bearer Securities of such series shall be substantially
identical except as to Currency of payments due thereunder, denomination and the rate of interest thereon, or method of determining the rate of interest, if any, Maturity, and the date from which interest, if any, shall accrue and except as may
otherwise be provided by the Company in or pursuant to the Board Resolution and set forth in the Officer’s Certificate or in any indenture or indentures supplemental hereto pertaining to such series of Securities. The terms of the Securities of
any series may provide, without limitation, that the Securities shall be authenticated and delivered by the Trustee on original issue from time to time upon written order of persons designated in the Officer’s Certificate or supplemental
indenture and that such persons are authorized to determine, consistent with such Officer’s Certificate or any applicable supplemental indenture, such terms and conditions of the Securities of such series as are specified in such Officer’s
Certificate or supplemental indenture. All Securities of any one series need not be issued at the same time and, unless otherwise so provided, a series may be reopened for issuances of additional Securities of such series or to establish additional
terms of such series of Securities. 
 If any of the terms of the Securities of any series shall be established by action taken
by or pursuant to a Board Resolution, the Board Resolution shall be delivered to the Trustee at or prior to the delivery of the Officer’s Certificate setting forth the terms of such series. 

[The Securities shall be subordinated in right of payment to Senior Indebtedness as provided in Article 16.] 

 

	Section 3.2.	Currency; Denominations. 

Unless otherwise provided in or pursuant to this Indenture, the principal of, any premium and interest on and any Additional Amounts with
respect to the Securities shall be payable in Dollars. Unless otherwise provided in or pursuant to this Indenture, Registered Securities denominated in Dollars shall be issuable in registered form without Coupons in denominations of $1,000 and any
integral multiple thereof, and the Bearer Securities denominated in Dollars shall be issuable in the denomination of $5,000. Securities not denominated in Dollars shall be issuable in such denominations as are established with respect to such
Securities in or pursuant to this Indenture. 

  
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 Section 3.3. Execution, Authentication, Delivery and Dating. 

Securities shall be executed on behalf of the Company by its Chairman of the Board, the President or any Vice President or the Treasurer
or any Assistant Treasurer under its corporate seal reproduced thereon and attested by its Secretary or one of its Assistant Secretaries. Coupons shall be executed on behalf of the Company by its Chairman of the Board, the President or any Vice
President, the Treasurer or any Assistant Treasurer, or the Secretary or any Assistant Secretary of the Company. The signature of any of these officers on the Securities or any Coupons appertaining thereto may be manual or facsimile. 

Securities and any Coupons appertaining thereto 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 Securities and Coupons or did not hold such offices at the date of
original issuance of such Securities or Coupons. 
 At any time and from time to time after the execution and delivery of this
Indenture, the Company may deliver Securities, together with any Coupons appertaining thereto, executed by the Company, to the Trustee for authentication and, provided that the Board Resolution and Officer’s Certificate or supplemental
indenture or indentures with respect to such Securities referred to in Section 3.1 and a Company Order for the authentication and delivery of such Securities have been delivered to the Trustee, the Trustee in accordance with the Company Order
and subject to the provisions hereof and of such Securities shall authenticate and deliver such Securities. In authenticating such Securities, and accepting the additional responsibilities under this Indenture in relation to such Securities and any
Coupons appertaining thereto, the Trustee shall be entitled to receive, and (subject to Sections 315(a) through 315(d) of the Trust Indenture Act) shall be fully protected in relying upon, 

(1) an Opinion of Counsel to the effect that: 
 (a) the form or forms and terms of such Securities and Coupons, if any, have been established in conformity with the provisions of this Indenture; 

(b) all conditions precedent to the authentication and delivery of such Securities and Coupons, if any, appertaining thereto, have been
complied with and that such Securities and Coupons, when completed by appropriate insertions, executed under the Company’s corporate seal and attested by duly authorized officers of the Company, delivered by duly authorized officers of the
Company to the Trustee for authentication pursuant to this Indenture, and authenticated and delivered by the Trustee and issued by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, will constitute legally
valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as enforcement thereof may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, arrangement, fraudulent
conveyance, fraudulent transfer or other similar laws relating to or affecting creditors’ rights generally, and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and will
entitle the Holders thereof to the benefits of this Indenture; such Opinion of Counsel need express no opinion as to the availability of equitable remedies; 

  
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 (c) all laws and requirements in respect of the execution and delivery by the Company of
such Securities and Coupons, if any, have been complied with; and 
 (d) this Indenture has been qualified under the Trust
Indenture Act; and 
 (2) an Officer’s Certificate stating that, to the best knowledge of the Persons executing such
certificate, all conditions precedent to the execution, authentication and delivery of such Securities and Coupons, if any, appertaining thereto, have been complied with, and no event which is, or after notice or lapse of time would become, an Event
of Default with respect to any of the Securities shall have occurred and be continuing. 
 If all the Securities of any series
are not to be issued at one time, it shall not be necessary to deliver an Opinion of Counsel and an Officer’s Certificate at the time of issuance of each Security, but such opinion and certificate, with appropriate modifications, shall be
delivered at or before the time of issuance of the first Security of such series. After any such first delivery, any separate written request by an Authorized Officer of the Company or any person designated in writing by an Authorized Officer that
the Trustee authenticate and deliver Securities of such series for original issue will be deemed to be a certification by the Company that all conditions precedent provided for in this Indenture relating to authentication and delivery of such
Securities continue to have been complied with and that no Event of Default with respect to any of the Securities has occurred or is continuing. 
 The Trustee shall not be required to authenticate or to cause an Authenticating Agent to authenticate any Securities if the issue of such Securities pursuant to this Indenture will affect the
Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee or if the Trustee, being advised by counsel, determines that such action may not
lawfully be taken. 
 Each Registered Security shall be dated the date of its authentication. Each Bearer Security and any
Bearer Security in global form shall be dated as of the date specified in or pursuant to this Indenture. 
 No Security or
Coupon appertaining thereto shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Security a certificate of authentication substantially in the form provided for in
Section 2.2 or 6.12 executed by or on behalf of the Trustee or by the Authenticating Agent by the manual signature of one of its authorized officers. Such certificate upon any Security shall be conclusive evidence, and the only evidence, that
such Security has been duly authenticated and delivered hereunder. Except as permitted by Section 3.6 or 3.7, the Trustee shall not authenticate and deliver any Bearer Security unless all Coupons appertaining thereto then matured have been
detached and cancelled. 
  

	Section 3.4.	Temporary Securities. 

Pending the preparation of definitive Securities, the Company may execute and deliver to the Trustee and, upon Company Order, the Trustee
shall authenticate and deliver, in the manner 

  
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provided in Section 3.3, temporary Securities in lieu thereof which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially
of the tenor of the definitive Securities in lieu of which they are issued, in registered form or, if authorized in or pursuant to this Indenture, in bearer form with one or more Coupons or without Coupons and with such appropriate insertions,
omissions, substitutions and other variations as the officers of the Company executing such Securities may determine, as conclusively evidenced by their execution of such Securities. Such temporary Securities may be in global form. 

Except in the case of temporary Securities in global form, which shall be exchanged in accordance with the provisions thereof, if
temporary Securities are issued, the Company shall cause definitive Securities to be prepared without unreasonable delay. After the preparation of definitive Securities of the same series and containing terms and provisions that are identical to
those of any temporary Securities, such temporary Securities shall be exchangeable for such definitive Securities upon surrender of such temporary Securities at an Office or Agency for such Securities, without charge to any Holder thereof. Upon
surrender for cancellation of any one or more temporary Securities (accompanied by any unmatured Coupons appertaining thereto), the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a like principal amount of
definitive Securities of authorized denominations of the same series and containing identical terms and provisions; provided, however, that no definitive Bearer Security, except as provided in or pursuant to this Indenture, shall be delivered in
exchange for a temporary Registered Security; and provided, further, that a definitive Bearer Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in or pursuant to this Indenture.
Unless otherwise provided in or pursuant to this Indenture with respect to a temporary global Security, until so exchanged the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as
definitive Securities of such series. 
  

	Section 3.5.	Registration, Transfer and Exchange. 

 With respect to the Registered Securities of each series, if any, the Company shall cause to be kept a register (each such register being herein sometimes referred to as the “Security Register”)
at an Office or Agency for such series in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of the Registered Securities of such series and of transfers of the Registered Securities of
such series. Such Office or Agency shall be the “Security Registrar” for that series of Securities. Unless otherwise specified in or pursuant to this Indenture or the Securities, the Trustee shall be the initial Security Registrar for each
series of Securities. The Company shall have the right to remove and replace from time to time the Security Registrar for any series of Securities; provided that no such removal or replacement shall be effective until a successor Security Registrar
with respect to such series of Securities shall have been appointed by the Company and shall have accepted such appointment by the Company. In the event that the Trustee shall not be or shall cease to be Security Registrar with respect to a series
of Securities, it shall have the right to examine the Security Register for such series at all reasonable times. There shall be only one Security Register for each series of Securities. 

Upon surrender for registration of transfer of any Registered Security of any series at any Office or Agency for such series, the Company
shall execute, and the Trustee shall authenticate 

  
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and deliver, in the name of the designated transferee or transferees, one or more new Registered Securities of the same series denominated as authorized in or pursuant to this Indenture, of a
like aggregate principal amount bearing a number not contemporaneously outstanding and containing identical terms and provisions. 
 At the option of the Holder, Registered Securities of any series may be exchanged for other Registered Securities of the same series containing identical terms and provisions, in any authorized
denominations, and of a like aggregate principal amount, upon surrender of the Securities to be exchanged at any Office or Agency for such series. Whenever any Registered Securities are so surrendered for exchange, the Company shall execute, and the
Trustee shall authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive. 

If provided in or pursuant to this Indenture, with respect to Securities of any series, at the option of the Holder, Bearer Securities of
such series may be exchanged for Registered Securities of such series containing identical terms, denominated as authorized in or pursuant to this Indenture and in the same aggregate principal amount, upon surrender of the Bearer Securities to be
exchanged at any Office or Agency for such series, with all unmatured Coupons and all matured Coupons in default thereto appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured Coupon or Coupons or matured Coupon or
Coupons in default, such exchange may be effected if the Bearer Securities are accompanied by payment in funds acceptable to the Company and the Trustee in an amount equal to the face amount of such missing Coupon or Coupons, or the surrender of
such missing Coupon or Coupons may be waived by the Company and the Trustee if there is furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Bearer
Security shall surrender to any Paying Agent any such missing Coupon in respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount of such payment; provided, however, that, except as otherwise provided
in Section 10.2, interest represented by Coupons shall be payable only upon presentation and surrender of those Coupons at an Office or Agency for such series located outside the United States. Notwithstanding the foregoing, in case a Bearer
Security of any series is surrendered at any such Office or Agency for such series in exchange for a Registered Security of such series and like tenor after the close of business at such Office or Agency on (i) any Regular Record Date and
before the opening of business at such Office or Agency on the next succeeding Interest Payment Date, or (ii) any Special Record Date and before the opening of business at such Office or Agency on the related date for payment of Defaulted
Interest, such Bearer Security shall be surrendered without the Coupon relating to such Interest Payment Date or proposed date of payment, as the case may be (or, if such Coupon is so surrendered with such Bearer Security, such Coupon shall be
returned to the Person so surrendering the Bearer Security), and interest or Defaulted Interest, as the case may be, shall not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of the Registered
Security issued in exchange for such Bearer Security, but shall be payable only to the Holder of such Coupon when due in accordance with the provisions of this Indenture. 
 If provided in or pursuant to this Indenture with respect to Securities of any series, at the option of the Holder, Registered Securities of such series may be exchanged for Bearer Securities upon such
terms and conditions as may be provided in or pursuant to this Indenture with respect to such series. 

  
 - 26 -

 Whenever any Securities are surrendered for exchange as contemplated by the immediately
preceding two paragraphs, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities which the Holder making the exchange is entitled to receive. 

Notwithstanding the foregoing, except as otherwise provided in or pursuant to this Indenture, any global Security shall be exchangeable
for definitive Securities only if (i) the Depository is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by the Company within 90 days of the date the Company is so informed in
writing, (ii) the Company executes and delivers to the Trustee a Company Order to the effect that such global Security shall be so exchangeable, or (iii) an Event of Default has occurred and is continuing with respect to the Securities. If
the beneficial owners of interests in a global Security are entitled to exchange such interests for definitive Securities as the result of an event described in clause (i), (ii) or (iii) of the preceding sentence, then without unnecessary
delay but in any event not later than the earliest date on which such interests may be so exchanged, the Company shall deliver to the Trustee definitive Securities in such form and denominations as are required by or pursuant to this Indenture, and
of the same series, containing identical terms and in aggregate principal amount equal to the principal amount of such global Security, executed by the Company. On or after the earliest date on which such interests may be so exchanged, such global
Security shall be surrendered from time to time by the U.S. Depository or such other Depository as shall be specified in the Company Order with respect thereto, and in accordance with instructions given to the Trustee and the U.S. Depository or such
other Depository, as the case may be (which instructions shall be in writing but need not be contained in or accompanied by an Officer’s Certificate or be accompanied by an Opinion of Counsel), as shall be specified in the Company Order with
respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in whole or in part, for definitive Securities as described above without charge. The Trustee shall authenticate and make available for delivery, in
exchange for each portion of such surrendered global Security, a like aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such global Security to be exchanged, which
(unless such Securities are not issuable both as Bearer Securities and as Registered Securities, in which case the definitive Securities exchanged for the global Security shall be issuable only in the form in which the Securities are issuable, as
provided in or pursuant to this Indenture) shall be in the form of Bearer Securities or Registered Securities, or any combination thereof, as shall be specified by the beneficial owner thereof, but subject to the satisfaction of any certification or
other requirements to the issuance of Bearer Securities; provided, however, that no such exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities of the same series to be redeemed and ending
on the relevant Redemption Date; and provided, further, that (unless otherwise provided in or pursuant to this Indenture) no Bearer Security delivered in exchange for a portion of a global Security shall be mailed or otherwise delivered to any
location in the United States. Promptly following any such exchange in part, such global Security shall be returned by the Trustee to such Depository or the U.S. Depository, as the case may be, or such other Depository or U.S. Depository referred to
above in accordance with the instructions of the Company referred to above. If a Registered Security is 

  
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issued in exchange for any portion of a global Security after the close of business at the Office or Agency for such Security where such exchange occurs on or after (i) any Regular Record
Date for such Security and before the opening of business at such Office or Agency on the next succeeding Interest Payment Date, or (ii) any Special Record Date for such Security and before the opening of business at such Office or Agency on
the related proposed date for payment of interest or Defaulted Interest, as the case may be, interest shall not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such Registered Security, but
shall be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom interest in respect of such portion of such global Security shall be payable in accordance with the provisions of this
Indenture. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations
of the Company evidencing the same debt and entitling the Holders thereof to the same benefits under this Indenture as the Securities surrendered upon such registration of transfer or exchange. 

Every Registered Security presented or surrendered for registration of transfer or for exchange or redemption shall (if so required by
the Company or the Security Registrar for such Security) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar for such Security duly executed by the Holder thereof or
his attorney duly authorized in writing. 
 No service charge shall be made for any registration of transfer or exchange, or
redemption of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge and any other expenses (including fees and expenses of the Trustee) that may be imposed in connection with any
registration of transfer or exchange of Securities, other than exchanges pursuant to Section 3.4, 9.5 or 11.7 not involving any transfer. 
 Except as otherwise provided in or pursuant to this Indenture, the Company shall not be required (i) to issue, register the transfer of or exchange any Securities during a period beginning at the
opening of business 15 days before the day of mailing of a notice of redemption of Securities of like tenor and the same series under Section 11.3 and ending at the close of business on the day of such mailing, or (ii) to register the
transfer of or exchange any Registered Security selected for redemption in whole or in part, except in the case of any Security to be redeemed in part, the portion thereof not to be redeemed, or (iii) to exchange any Bearer Security selected
for redemption except, to the extent provided with respect to such Bearer Security, that such Bearer Security may be exchanged for a Registered Security of like tenor and the same series, provided that such Registered Security shall be immediately
surrendered for redemption with written instruction for payment consistent with the provisions of this Indenture or (iv) to issue, register the transfer of or exchange any Security which, in accordance with its terms, has been surrendered for
repayment at the option of the Holder, except the portion, if any, of such Security not to be so repaid. 
  

	Section 3.6.	Mutilated, Destroyed, Lost and Stolen Securities. 

 If any mutilated Security or a Security with a mutilated Coupon appertaining to it is surrendered to the Trustee, subject to the provisions of this Section 3.6, the Company shall

  
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execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series containing identical terms and of like principal amount and bearing a number not
contemporaneously outstanding, with Coupons appertaining thereto corresponding to the Coupons, if any, appertaining to the surrendered Security. 
 If there be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security or Coupon, and (ii) such security or indemnity as may be
required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security or Coupon has been acquired by a bona fide purchaser, the Company shall execute and, upon
the Company’s request the Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Security or in exchange for the Security to which a destroyed, lost or stolen Coupon appertains with
all appurtenant Coupons not destroyed, lost or stolen, a new Security of the same series containing identical terms and of like principal amount and bearing a number not contemporaneously outstanding, with Coupons appertaining thereto corresponding
to the Coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen Coupon appertains. 
 Notwithstanding the foregoing provisions of this Section 3.6, in case any mutilated, destroyed, lost or stolen Security or Coupon has become or is about to become due and payable, the Company in its
discretion may, instead of issuing a new Security, pay such Security or Coupon; provided, however, that payment of principal of, any premium or interest on or any Additional Amounts with respect to any Bearer Securities shall, except as otherwise
provided in Section 10.2, be payable only at an Office or Agency for such Securities located outside the United States and, unless otherwise provided in or pursuant to this Indenture, any interest on Bearer Securities and any Additional Amounts
with respect to such interest shall be payable only upon presentation and surrender of the Coupons appertaining thereto. 
 Upon
the issuance of any new Security under this Section 3.6, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees
and expenses of the Trustee) connected therewith. 
 Every new Security, with any Coupons appertaining thereto issued pursuant
to this Section 3.6 in lieu of any destroyed, lost or stolen Security, or in exchange for a Security to which a destroyed, lost or stolen Coupon appertains shall constitute a separate obligation of the Company, whether or not the destroyed,
lost or stolen Security and Coupons appertaining thereto or the destroyed, lost or stolen Coupon shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all
other Securities of such series and any Coupons, if any, duly issued hereunder. 
 The provisions of this Section 3.6, as
amended or supplemented pursuant to this Indenture with respect to particular Securities or generally, shall be 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 Securities or Coupons. 

  
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	Section 3.7.	Payment of Interest and Certain Additional Amounts; Rights to Interest and Certain Additional Amounts Preserved. 

Unless otherwise provided in or pursuant to this Indenture, any interest on and any Additional Amounts with respect to any Registered
Security which shall be payable, and are punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Security (or one or more Predecessor Securities) is registered as of the close of business on
the Regular Record Date for such interest. 
 Unless otherwise provided in or pursuant to this Indenture, any interest on and
any Additional Amounts with respect to any Registered Security which shall be payable, but shall not be punctually paid or duly provided for, on any Interest Payment Date for such Registered Security (herein called “Defaulted Interest”)
shall forthwith cease to be payable to the Holder thereof on the relevant Regular Record Date by virtue of having been such Holder; and such Defaulted Interest may be paid by the Company, at its election, as provided in clause (1) or
(2) below: 
 (1) The Company may elect to make payment of any Defaulted Interest to the Person in whose name such
Registered Security (or a Predecessor Security thereof) shall be registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed by the Company in the following manner. The Company shall
notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on such Registered Security, the Special Record Date therefor and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee
an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when so
deposited to be held in trust for the benefit of the Person entitled to such Defaulted Interest as provided in this clause (1). The Special Record Date for the payment of such Defaulted Interest shall be not more than 15 days and not less than 10
days prior to the date of the proposed payment and not less than 10 days after notification to the Trustee of the proposed payment. The Trustee shall, in the name and at the expense of the Company, cause notice of the proposed payment of such
Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to the Holder of such Registered Security (or a Predecessor Security thereof) at his address as it appears in the Security Register not less than 10
days prior to such Special Record Date. The Trustee may, in its discretion, in the name and at the expense of the Company, cause a similar notice to be published at least once in an Authorized Newspaper of general circulation in the Borough of
Manhattan, The City of New York, but such publication shall not be a condition precedent to the establishment of such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been
mailed as aforesaid, such Defaulted Interest shall be paid to the Person in whose name such Registered Security (or a Predecessor Security thereof) shall be registered at the close of business on such Special Record Date and shall no longer be
payable pursuant to the following clause (2). 
 (2) The Company may make payment of any Defaulted Interest in any other lawful
manner not inconsistent with the requirements of any securities exchange on which such Security may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment
pursuant to this clause (2), such payment shall be deemed practicable by the Trustee. 

  
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 Unless otherwise provided in or pursuant to this Indenture or the Securities of any
particular series pursuant to the provisions of this Indenture, at the option of the Company, interest on Registered Securities that bear interest may be paid by mailing a check to the address of the Person entitled thereto as such address shall
appear in the Security Register or by transfer to an account maintained by the payee with a bank located in the United States. 

Subject to the foregoing provisions of this Section and Section 3.5, each Security delivered under this Indenture upon registration
of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

In the case of any Registered Security of any series that is convertible into other securities of the Company or exchangeable for
securities of another issuer, which Registered Security is converted or exchanged after any Regular Record Date and on or prior to the next succeeding Interest Payment Date (other than any Registered Security with respect to which the Stated
Maturity is prior to such Interest Payment Date), interest with respect to which the Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion or exchange, and such interest
(whether or not punctually paid or duly provided for) shall be paid to the Person in whose name that Registered Security (or one or more predecessor Registered Securities) is registered at the close of business on such Regular Record Date. Except as
otherwise expressly provided in the immediately preceding sentence, in the case of any Registered Security which is converted or exchanged, interest with respect to which the Stated Maturity is after the date of conversion or exchange of such
Registered Security shall not be payable. 
  

	Section 3.8.	Persons Deemed Owners. 

Prior to due presentment of a Registered Security for registration of transfer, the Company, the Trustee and any agent of the Company or
the Trustee may treat the Person in whose name such Registered Security is registered in the Security Register as the owner of such Registered Security for the purpose of receiving payment of principal of, any premium and (subject to Sections 3.5
and 3.7) interest on and any Additional Amounts with respect to such Registered Security and for all other purposes whatsoever, whether or not any payment with respect to such Registered Security shall be overdue, and none of the Company, the
Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 
 The Company, the Trustee and
any agent of the Company or the Trustee may treat the bearer of any Bearer Security or the bearer of any Coupon as the absolute owner of such Security or Coupon for the purpose of receiving payment thereof or on account thereof and for all other
purposes whatsoever, whether or not any payment with respect to such Security or Coupon shall be overdue, and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 

  
 - 31 -

 No Holder of any beneficial interest in any global Security held on its behalf by a
Depository shall have any rights under this Indenture with respect to such global Security, and such Depository may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the owner of such global Security for all
purposes whatsoever. None of the Company, the Trustee, any Paying Agent or the Security Registrar 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 Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
  

	Section 3.9.	Cancellation. 

 All
Securities and Coupons surrendered for payment, redemption, registration of transfer, exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee, and
any such Securities and Coupons, as well as Securities and Coupons surrendered directly to the Trustee for any such purpose, shall be cancelled promptly by the Trustee. The Company may at any time deliver to the Trustee for cancellation any
Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and all Securities so delivered shall be cancelled promptly by the Trustee. No Securities shall be authenticated in lieu of or
in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by or pursuant to this Indenture. All cancelled Securities and Coupons held by the Trustee shall be destroyed by the Trustee, unless by a Company
Order the Company directs their return to it. 
  

	Section 3.10.	Computation of Interest. 

Except as otherwise provided in or pursuant to this Indenture or in any Security, interest on the Securities shall be computed on the
basis of a 360-day year of twelve 30-day months. 
 ARTICLE 4. 

SATISFACTION AND DISCHARGE OF INDENTURE 
  

	Section 4.1.	Satisfaction and Discharge. 

 Upon the direction of the Company by a Company Order, this Indenture shall cease to be of further effect[, and the provisions of Article 16 shall cease to be effective,] with respect to any series of
Securities specified in such Company Order and any Coupons appertaining thereto, and the Trustee, on receipt of a Company Order, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this
Indenture as to such series, when 
 (1) either 
 (a) all Securities of such series theretofore authenticated and delivered and all Coupons appertaining thereto (other than (i) Coupons appertaining to Bearer Securities of such series surrendered in
exchange for Registered Securities of such series and maturing after such exchange whose surrender is not required or has been waived as provided in Section 3.5, (ii) Securities and Coupons of such series which have been destroyed, lost or
stolen and which have been replaced or paid as provided in Section 3.6, (iii) Coupons appertaining to Securities of such 

  
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series called for redemption and maturing after the relevant Redemption Date whose surrender has been waived as provided in Section 11.7, and (iv) Securities and Coupons of such series
for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 10.3) have been delivered to the Trustee
for cancellation; or 
 (b) all Securities of such series and, in the case of (i) or (ii) below, any Coupons
appertaining thereto not theretofore delivered to the Trustee for cancellation, (i) have become due and payable, or (ii) will become due and payable at their Stated Maturity within one year, or (iii) if redeemable at the option of the
Company, are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, and the Company, in the case of (i),
(ii) or (iii) above, has deposited or caused to be deposited with the Trustee as trust funds in trust for such purpose, money in the Currency in which such Securities are payable in an amount sufficient to pay and discharge the entire
indebtedness on such Securities and any Coupons appertaining thereto not theretofore delivered to the Trustee for cancellation, including the principal of, any premium and interest on, and any Additional Amounts with respect to such Securities and
any Coupons appertaining thereto, to the date of such deposit (in the case of Securities which have become due and payable) or to the Maturity thereof, as the case may be; 
 (2) the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to the Outstanding Securities of such series and any Coupons appertaining thereto; and

 (3) the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all
conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with. 
 In the event there are Securities of two or more series hereunder, the Trustee shall be required to execute an instrument acknowledging satisfaction and discharge of this Indenture only if requested to do
so with respect to Securities of such series as to which it is Trustee and if the other conditions thereto are met. 

Notwithstanding the satisfaction and discharge of this Indenture with respect to any series of Securities, the obligations of the Company
to the Trustee under Section 6.7 and, if money shall have been deposited with the Trustee pursuant to subclause (b) of clause (1) of this Section, the obligations of the Company and the Trustee with respect to the Securities of such
series under Sections 3.5, 3.6, 4.3, 10.2 and 10.3, with respect to the payment of Additional Amounts, if any, with respect to such Securities as contemplated by Section 10.4 (but only to the extent that the Additional Amounts payable with
respect to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to Section 4.1(1)(b)), and with respect to any rights to convert or exchange such Securities into securities of the Company or another issuer
shall survive. 

  
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	Section 4.2.	Defeasance and Covenant Defeasance. 

 (1) Unless pursuant to Section 3.1, either or both of (i) defeasance of the Securities of or within a series under clause (2) of this Section 4.2 shall not be applicable with respect
to the Securities of such series or (ii) covenant defeasance of the Securities of or within a series under clause (3) of this Section 4.2 shall not be applicable with respect to the Securities of such series, then such provisions,
together with the other provisions of this Section 4.2 (with such modifications thereto as may be specified pursuant to Section 3.1 with respect to any Securities), shall be applicable to such Securities and any Coupons appertaining
thereto, and the Company may at its option by Board Resolution, at any time, with respect to such Securities and any Coupons appertaining thereto, elect to have Section 4.2(2) or Section 4.2(3) be applied to such Outstanding Securities and
any Coupons appertaining thereto upon compliance with the conditions set forth below in this Section 4.2. 
 (2) Upon the
Company’s exercise of the above option applicable to this Section 4.2(2) with respect to any Securities of or within a series, the Company shall be deemed to have been discharged from its obligations[, and the provisions of Article 16
shall cease to be effective,] with respect to such Outstanding Securities and any Coupons appertaining thereto on the date the conditions set forth in clause (4) of this Section 4.2 are satisfied (hereinafter, “defeasance”). For
this purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by such Outstanding Securities and any Coupons appertaining thereto, which shall thereafter be deemed to be
“Outstanding” only for the purposes of clause (5) of this Section 4.2 and the other Sections of this Indenture referred to in clauses (i) and (ii) below, and to have satisfied all of its other obligations under such
Securities and any Coupons appertaining thereto, and this Indenture insofar as such Securities and any Coupons appertaining thereto are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the
same), except for the following which shall survive until otherwise terminated or discharged hereunder: (i) the rights of Holders of such Outstanding Securities and any Coupons appertaining thereto to receive, solely from the trust fund
described in clause (4) of this Section 4.2 and as more fully set forth in such clause, payments in respect of the principal of (and premium, if any) and interest, if any, on, and Additional Amounts, if any, with respect to, such
Securities and any Coupons appertaining thereto when such payments are due, and any rights of such Holder to convert such Securities into other securities of the Company or exchange such Securities for securities of another issuer, (ii) the
obligations of the Company and the Trustee with respect to such Securities under Sections 3.5, 3.6, 10.2 and 10.3 and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 10.4 (but only to the
extent that the Additional Amounts payable with respect to such Securities exceed the amount deposited in respect of such Additional Amounts pursuant to Section 4.2(4)(a) below), and with respect to any rights to convert such Securities into
other securities of the Company or exchange such Securities for securities of another issuer, (iii) the rights, powers, trusts, duties and immunities of the Trustee hereunder and (iv) this Section 4.2. The Company may exercise its
option under this Section 4.2(2) notwithstanding the prior exercise of its option under clause (3) of this Section 4.2 with respect to such Securities and any Coupons appertaining thereto. 

(3) Upon the Company’s exercise of the option to have this Section 4.2(3) apply with respect to any Securities of or within a
series, the Company shall be released from its obligations 

  
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under, to the extent specified pursuant to Section 3.1(19), any covenant applicable to such Securities[, and the provisions of Article 16 shall cease to be effective as it relates to the
aforementioned obligations and covenants,] with respect to such Outstanding Securities and any Coupons appertaining thereto, on and after the date the conditions set forth in clause (4) of this Section 4.2 are satisfied (hereinafter,
“covenant defeasance”), and such Securities and any Coupons appertaining thereto shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the
consequences of any thereof) in connection with any such obligation or covenant, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance means that, with respect to such
Outstanding Securities and any Coupons appertaining thereto, the Company may omit to comply with, and shall have no liability in respect of, any term, condition or limitation set forth in any such Section or such other covenant, [or Article,]
whether directly or indirectly, by reason of any reference elsewhere herein to any such Section or such other covenant[, or Article,] or by reason of reference in any such Section or such other covenant[, or Article,] to any other provision herein
or in any other document and such omission to comply shall not constitute a default or an Event of Default under Section 5.1(4) or 5.1(7) or otherwise, as the case may be, but, except as specified above, the remainder of this Indenture and such
Securities and Coupons appertaining thereto shall be unaffected thereby. 
 (4) The following shall be the conditions to
application of clause (2) or (3) of this Section 4.2 to any Outstanding Securities of or within a series and any Coupons appertaining thereto: 
 (a) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying the requirements of Section 6.8 who shall agree to comply with the
provisions of this Section 4.2 applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities and any
Coupons appertaining thereto, (1) an amount in Dollars or in such Foreign Currency in which such Securities and any Coupons appertaining thereto are then specified as payable at Stated Maturity, or (2) Government Obligations applicable to
such Securities and Coupons appertaining thereto (determined on the basis of the Currency in which such Securities and Coupons appertaining thereto are then specified as payable at Stated Maturity) which through the scheduled payment of principal
and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment of principal of (and premium, if any) and interest, if any, on such Securities and any Coupons appertaining
thereto, money in an amount, or (3) a combination thereof, in any case, in an amount, sufficient, without consideration of any reinvestment of such principal and interest, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by the Trustee (or other qualifying trustee) to pay and discharge, (y) the principal of (and premium, if any)
and interest, if any, on such Outstanding Securities and any Coupons appertaining thereto at the Stated Maturity of such principal or installment of principal or premium or interest and (z) any mandatory sinking fund payments or analogous
payments applicable to such Outstanding Securities and any Coupons appertaining thereto on the days on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities and any Coupons appertaining
thereto. 

  
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 (b) Such defeasance or covenant defeasance shall not result in a breach or violation of, or
constitute a default under, this Indenture or any other material agreement or instrument to which the Company is a party or by which it is bound. 
 (c) No Event of Default or event which with notice or lapse of time or both would become an Event of Default with respect to such Securities and any Coupons appertaining thereto shall have occurred and be
continuing on the date of such deposit and, with respect to defeasance only, at any time during the period ending on the 123rd day after the date of such deposit (it being understood that this condition shall not be deemed satisfied until the
expiration of such period). 
 (d) In the case of an election under clause (2) of this Section 4.2, the Company shall
have delivered to the Trustee an Opinion of Counsel stating that (i) the Company has received from the Internal Revenue Service a letter ruling, or there has been published by the Internal Revenue Service a Revenue Ruling, or (ii) since
the date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding Securities and any
Coupons appertaining thereto will not recognize income, gain or loss for Federal income tax purposes as a result of such defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have
been the case if such defeasance had not occurred. 
 (e) In the case of an election under clause (3) of this
Section 4.2, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Outstanding Securities and any Coupons appertaining thereto will not recognize income, gain or loss for Federal income tax
purposes as a result of such covenant defeasance and will be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred. 

(f) The Company shall have delivered to the Trustee an Opinion of Counsel to the effect that, after the 123rd day after the date of
deposit, all money and Government Obligations (or other property as may be provided pursuant to Section 3.1) (including the proceeds thereof) deposited or caused to be deposited with the Trustee (or other qualifying trustee) pursuant to this
clause (4) to be held in trust will not be subject to any case or proceeding (whether voluntary or involuntary) in respect of the Company under any Federal or State bankruptcy, insolvency, reorganization or other similar law, or any decree or
order for relief in respect of the Company issued in connection therewith. 
 (g) [At the time of the deposit, (i) no
default in the payment of any principal of, premium, if any, or interest on any Senior Indebtedness shall have occurred and be continuing, (ii) no event of default with respect to any Senior Indebtedness shall have resulted in such Senior
Indebtedness becoming, and continuing to be, due and payable prior to the date on which it would otherwise have become due and payable (unless payment of such Senior Indebtedness has been made or duly provided for), and (iii) no other event of
default with respect to any Senior Indebtedness shall have occurred and be continuing permitting (after notice or lapse of time or both) the holders of such Senior Indebtedness (or a trustee on behalf of such holders) to declare such Senior
Indebtedness due and payable prior to the date on which it would otherwise have become due and payable.] 

  
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 (h) The Company shall have delivered to the Trustee an Officer’s Certificate and the
Company shall have delivered to the Trustee an Opinion of Counsel, each stating that all conditions precedent to the defeasance or covenant defeasance under clause (2) or (3) of this Section 4.2 (as the case may be) have been complied
with. 
 (i) Notwithstanding any other provisions of this Section 4.2(4), such defeasance or covenant defeasance shall be
effected in compliance with any additional or substitute terms, conditions or limitations which may be imposed on the Company in connection therewith pursuant to Section 3.1. 

(5) Unless otherwise specified in or pursuant to this Indenture or any Security, if, after a deposit referred to in
Section 4.2(4)(a) has been made, (a) the Holder of a Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 3.1 or the terms of such Security to receive payment in a Currency other than
that in which the deposit pursuant to Section 4.2(4)(a) has been made in respect of such Security, or (b) a Conversion Event occurs in respect of the Foreign Currency in which the deposit pursuant to Section 4.2(4)(a) has been made,
the indebtedness represented by such Security and any Coupons appertaining thereto shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of (and premium, if any), and interest, if any, on, and
Additional Amounts, if any, with respect to, such Security as the same becomes due out of the proceeds yielded by converting (from time to time as specified below in the case of any such election) the amount or other property deposited in respect of
such Security into the Currency in which such Security becomes payable as a result of such election or Conversion Event based on (x) in the case of payments made pursuant to clause (a) above, the applicable market exchange rate for such
Currency in effect on the second Business Day prior to each payment date, or (y) with respect to a Conversion Event, the applicable market exchange rate for such Foreign Currency in effect (as nearly as feasible) at the time of the Conversion
Event. 
 The Company shall pay and indemnify the Trustee (or other qualifying trustee, collectively for purposes of this
Section 4.2(5) and Section 4.3, the “Trustee”) against any tax, fee or other charge, imposed on or assessed against the Government Obligations deposited pursuant to this Section 4.2 or the principal or interest received in
respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of such Outstanding Securities and any Coupons appertaining thereto. 

Anything in this Section 4.2 to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon
Company Request, any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in clause (4) of this Section 4.2 which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect a defeasance or covenant defeasance, as applicable, in accordance with this
Section 4.2. 

  
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	Section 4.3.	Application of Trust Money. 

 Subject to the provisions of the last paragraph of Section 10.3, all money and Government Obligations (or other property as may be provided pursuant to Section 3.1) (including the proceeds
thereof) deposited with the Trustee pursuant to Section 4.1 or 4.2 in respect of any Outstanding Securities of any series and any Coupons appertaining thereto shall be held in trust and applied by the Trustee, in accordance with the provisions
of such Securities and any Coupons appertaining thereto and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such
Securities and any Coupons appertaining thereto of all sums due and to become due thereon in respect of principal (and premium, if any) and interest and Additional Amounts, if any; but such money and Government Obligations need not be segregated
from other funds except to the extent required by law. [Money and Government Obligations so held in trust shall not be subject to the provisions of Article 16 except to the extent set forth in Section 16.1.] 

 

	Section 4.4.	Reinstatement. 

 If the
Trustee or any Paying Agent is unable to apply any money in accordance with this Article with respect to any Securities by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such
application, then the obligations under this Indenture and such Securities from which the Company has been discharged or released pursuant to Section 4.2(2) or 4.2(3) shall be revived and reinstated as though no deposit had occurred pursuant to
this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant to Section 4.3 with respect to such Securities in accordance with this Article; provided,
however, that if the Company makes any payment of principal of or any premium or interest on any such Securities following such reinstatement of its obligations, the Company shall be subrogated to the rights (if any) of the Holders of such
Securities to receive such payment from the money so held in trust. 
 ARTICLE 5. 

REMEDIES 
  

	Section 5.1.	Events of Default. 

“Event of Default,” wherever used herein with respect to Securities of any series, means any one of the following events
(whatever the reason for such Event of Default and whether it shall be [occasioned by the provisions of Article 16 or be] voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any
order, rule or regulation of any administrative or governmental body), unless such event is specifically deleted or modified in or pursuant to the supplemental indenture, Board Resolution or Officer’s Certificate establishing the terms of such
Series pursuant to this Indenture: 
 (1) default in the payment of any interest on any Security of such series, or any
Additional Amounts payable with respect thereto, when such interest becomes or such Additional Amounts become due and payable, and continuance of such default for a period of 30 days; or 

  
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 (2) default in the payment of the principal of or any premium on any Security of such
series, or any Additional Amounts payable with respect thereto, when such principal or premium becomes or such Additional Amounts become due and payable at their Maturity; or 
 (3) default in the deposit of any sinking fund payment when and as due by the terms of a Security of such series; or 
 (4) default in the performance, or breach, of any covenant or warranty of the Company in this Indenture or the Securities (other than a covenant or warranty a default in the performance or the breach of
which is elsewhere in this Section specifically dealt with or which has been expressly included in this Indenture solely for the benefit of a series of Securities other than such series), and continuance of such default or breach for a period of 60
days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series, a written notice
specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 
 (5) the entry by a court having competent jurisdiction of: 
 (a) a decree or
order for relief in respect of the Company in an involuntary proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law and such decree or order shall remain unstayed and in effect for a period of 60 consecutive
days; or 
 (b) a decree or order adjudging the Company to be insolvent, or approving a petition seeking reorganization,
arrangement, adjustment or composition of the Company and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 
 (c) a final and non-appealable order appointing a custodian, receiver, liquidator, assignee, trustee or other similar official of the Company of any substantial part of the property of the Company or
ordering the winding up or liquidation of the affairs of the Company; or 
 (6) the commencement by the Company of a voluntary
proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law or of a voluntary proceeding seeking to be adjudicated insolvent or the consent by the Company to the entry of a decree or order for relief in an involuntary
proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law or to the commencement of any insolvency proceedings against it, or the filing by the Company of a petition or answer or consent seeking reorganization,
arrangement, adjustment or composition of the Company or relief under any applicable law, or the consent by the Company to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee,
trustee or similar official of the Company or any substantial part of the property of the Company or the making by the Company of an assignment for the benefit of creditors, or the taking of corporate action by the Company in furtherance of any such
action; or 

  
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 (7) any other Event of Default provided in or pursuant to this Indenture with respect to
Securities of such series. 
  

	Section 5.2.	Acceleration of Maturity; Rescission and Annulment. 

 If an Event of Default with respect to Securities of any series at the time Outstanding (other than an Event of Default specified in clause (5) or (6) of Section 5.1) occurs and is
continuing, then the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of such series may declare the principal of all the Securities of such series, or such lesser amount as may be provided for in the
Securities of such series, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders), and upon any such declaration such principal or such lesser amount shall become immediately due and
payable. 
 If an Event of Default specified in clause (5) or (6) of Section 5.1 occurs, all unpaid principal of
and accrued interest on the Outstanding Securities of that series (or such lesser amount as may be provided for in the Securities of such series) shall ipso facto become and be immediately due and payable without any declaration or other act on the
part of the Trustee or any Holder of any Security of that series. 
 At any time after a declaration of acceleration with
respect to the Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of not less than a majority in principal amount
of the Outstanding Securities of such series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if 
 (1) the Company has paid or deposited with the Trustee a sum of money sufficient to pay 
 (a) all overdue installments of any interest on and Additional Amounts with respect to all Securities of such series and any Coupon appertaining thereto, 

(b) the principal of and any premium on any Securities of such series which have become due otherwise than by such declaration of
acceleration and interest thereon and any Additional Amounts with respect thereto at the rate or rates borne by or provided for in such Securities, 
 (c) to the extent that payment of such interest or Additional Amounts is lawful, interest upon overdue installments of any interest and Additional Amounts at the rate or rates borne by or provided for in
such Securities, and 
 (d) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel and all other amounts due the Trustee under Section 6.7; and 
 (2) all Events of Default with respect to Securities of such series, other than the non-payment of the principal of, any premium and interest on, and any Additional Amounts with respect to Securities of
such series which shall have become due solely by such declaration of acceleration, shall have been cured or waived as provided in Section 5.13. 

  
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 No such rescission shall affect any subsequent default or impair any right consequent
thereon. 
  

	Section 5.3.	Collection of Indebtedness and Suits for Enforcement by Trustee. 

 The Company covenants that if 
 (1) default is made in the payment of any
installment of interest on or any Additional Amounts with respect to any Security or any Coupon appertaining thereto when such interest or Additional Amounts shall have become due and payable and such default continues for a period of 30 days, or

 (2) default is made in the payment of the principal of or any premium on any Security or any Additional Amounts with respect
thereto at their Maturity, 
 the Company shall, upon demand of the Trustee, pay to the Trustee, for the benefit of the Holders of such
Securities and any Coupons appertaining thereto, the whole amount of money then due and payable with respect to such Securities and any Coupons appertaining thereto, with interest upon the overdue principal, any premium and, to the extent that
payment of such interest shall be legally enforceable, upon any overdue installments of interest and Additional Amounts at the rate or rates borne by or provided for in such Securities, and, in addition thereto, such further amount of money as shall
be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and all other amounts due to the Trustee under Section 6.7.

 If the Company fails to pay the money it is required to pay the Trustee pursuant to the preceding paragraph forthwith upon
the demand of the Trustee, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the money so due and unpaid, and may prosecute such proceeding to judgment or final decree, and may
enforce the same against the Company or any other obligor upon such Securities and any Coupons appertaining thereto and collect the monies adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any
other obligor upon such Securities and any Coupons appertaining thereto, wherever situated. 
 If an Event of Default with
respect to Securities of any series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series and any Coupons appertaining thereto by such
appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or such Securities or in aid of the exercise of any
power granted herein or therein, or to enforce any other proper remedy. 

  
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	Section 5.4.	Trustee May File Proofs of Claim. 

 In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other
obligor upon the Securities of any series or the property of the Company or such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by
declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of any overdue principal, premium, interest or Additional Amounts) shall be entitled and empowered, by intervention in such
proceeding or otherwise, 
 (1) to file and prove a claim for the whole amount, or such lesser amount as may be provided for in
the Securities of any applicable series, of the principal and any premium, interest and Additional Amounts owing and unpaid in respect of the Securities and any Coupons appertaining thereto and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents or counsel) and of the Holders of Securities or any Coupons
appertaining thereto allowed in such judicial proceeding, and 
 (2) to collect and receive any monies or other property payable
or deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder of Securities or any
Coupons to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders of Securities or any Coupons, to pay to the Trustee any amount due to it for the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel and any other amounts due the Trustee under Section 6.7. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder of a Security or any Coupon any plan of reorganization, arrangement,
adjustment or composition affecting the Securities or Coupons or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder of a Security or any Coupon in any such proceeding. 

 

	Section 5.5.	Trustee May Enforce Claims Without Possession of Securities or Coupons. 

 All rights of action and claims under this Indenture or any of the Securities or Coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or Coupons or the
production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery or judgment, after provision for the payment of the reasonable
compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, shall be for the ratable benefit of each and every Holder of the Securities or Coupons in respect of which such judgment has been recovered. 

  
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	Section 5.6.	Application of Money Collected. 

 [Subject to Article 16, any/Any] money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution
of such money on account of principal, or any premium, interest or Additional Amounts, upon presentation of the Securities or Coupons, or both, as the case may be, and the notation thereon of the payment if only partially paid and upon surrender
thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee and any predecessor Trustee under
Section 6.7; 
 SECOND: To the payment of the amounts then due and unpaid upon the Securities and any Coupons for principal
and any premium, interest and Additional Amounts in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the aggregate amounts due and payable on such
Securities and Coupons for principal and any premium, interest and Additional Amounts, respectively; 
 THIRD: The balance, if
any, to the Person or Persons entitled thereto. 
  

	Section 5.7.	Limitations on Suits. 

 No
Holder of any Security of any series or any Coupons appertaining thereto shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other
remedy hereunder, unless 
 (1) such Holder has previously given written notice to the Trustee of a continuing Event of Default
with respect to the Securities of such series; 
 (2) the Holders of not less than 25% in principal amount of the Outstanding
Securities of such series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (3) such Holder or Holders have offered to the Trustee such indemnity as is reasonably satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request;

 (4) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such
proceeding; and 
 (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day
period by the Holders of a majority in principal amount of the Outstanding Securities of such series; it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of,
any provision of this Indenture or any Security to affect, disturb or prejudice the rights of any other such Holders or Holders of Securities of any other series, or to obtain or to seek to obtain priority or preference over any other Holders or to
enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders. 

  
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	Section 5.8.	Unconditional Right of Holders to Receive Principal and Any Premium, Interest and Additional Amounts. 

Notwithstanding any other provision in this Indenture, the Holder of any Security or Coupon shall have the right, which is absolute and
unconditional, to receive payment of the principal of, any premium and (subject to Sections 3.5 and 3.7) interest on, and any Additional Amounts with respect to, such Security or payment of such Coupon, as the case may be, on the respective Stated
Maturity or Maturities therefor specified in such Security or Coupon (or, in the case of redemption, on the Redemption Date or, in the case of repayment at the option of such Holder if provided in or pursuant to this Indenture, on the date such
repayment is due) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder. 
  

	Section 5.9.	Restoration of Rights and Remedies. 

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

 

	Section 5.10.	Rights and Remedies Cumulative. 

 Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities or Coupons in the last paragraph of Section 3.6, no right or remedy herein
conferred upon or reserved to the Trustee or to each and every Holder of a Security or a Coupon is intended to be exclusive of any other right or remedy, and every right and remedy, to the extent permitted by law, shall 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, to the extent permitted by law, prevent the
concurrent assertion or employment of any other appropriate right or remedy. 
  

	Section 5.11.	Delay or Omission Not Waiver. 

 No delay or omission of the Trustee or of any Holder of any Security or Coupon to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a
waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee or to any Holder of a Security or a Coupon may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by such Holder, as the case may be. 
  

	Section 5.12.	Control by Holders of Securities. 

 The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to
the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series and any Coupons appertaining thereto, provided that 

  
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 (1) such direction shall not be in conflict with any rule of law or with this Indenture or
with the Securities of such series, 
 (2) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, and 
 (3) such direction is not unduly prejudicial to the rights of the other Holders of
Securities of such series not joining in such action. 
  

	Section 5.13.	Waiver of Past Defaults. 

The Holders of not less than a majority in principal amount of the Outstanding Securities of any series on behalf of the Holders of all
the Securities of such series and any Coupons appertaining thereto may waive any past default hereunder with respect to such series and its consequences, except a default 
 (1) in the payment of the principal of, any premium or interest on, or any Additional Amounts with respect to, any Security of such series or any Coupons appertaining thereto, or 

(2) in respect of a covenant or provision hereof which under Article 9 cannot be modified or amended without the consent of the Holder of
each Outstanding Security of such series affected. 
 Upon any such waiver, such default shall cease to exist, and any Event of
Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

 

	Section 5.14.	Waiver of Usury, Stay or Extension Laws. 

 The Company covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury, stay
or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company expressly waives (to the extent that it may lawfully do so) 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 Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

 

	Section 5.15.	Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any
court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of
any undertaking to pay the costs of such suit, and that such court may in its discretion assess 

  
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reasonable costs, including reasonable attorneys’ fees, 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; but the provisions of this Section 5.15 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of Outstanding
Securities of any series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of (or premium, if any) or interest, if any, on or Additional Amounts, if any, with respect to any Security on or after the
respective Stated Maturities expressed in such Security (or, in the case of redemption, on or after the Redemption Date, and, in the case of repayment, on or after the date for repayment) or for the enforcement of the right, if any, to convert or
exchange any Security into other securities in accordance with its terms. 
 ARTICLE 6. 

THE TRUSTEE 
  

	Section 6.1.	Certain Duties and Responsibilities. 

 (a) Except during the continuance of an Event of Default, 
 (1) the Trustee
undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee 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 Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions that by any provision hereof are specifically required
to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture but not to verify or confirm the contents thereof. 

(b) In case an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, the Trustee shall
exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 

(c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own
negligent failure to act, or its own willful misconduct, except that 
 (1) this paragraph (c) shall not be construed to
limit the effect of paragraph (a) of this Section 6.1; 
 (2) the Trustee shall not be liable for any error of
judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

  
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 (3) the Trustee 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 Securities relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred upon the Trustee, under this Indenture. 
  

	Section 6.2.	Certain Rights of Trustee. 

Subject to the provisions of Section 6.1: 
 (1) the Trustee 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, coupon or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(2) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or a Company Order (in
each case, other than delivery of any Security, together with any Coupons appertaining thereto, to the Trustee for authentication and delivery pursuant to Section 3.3 which shall be sufficiently evidenced as provided therein) and any resolution
of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (3) whenever in the administration of this
Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence shall be herein specifically prescribed) may, in the absence of bad
faith on its part, request and rely upon an Officer’s Certificate; 
 (4) the Trustee may consult with counsel and the
written advice of such counsel 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; 

(5) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by or pursuant to this Indenture at the
request or direction of any of the Holders of Securities of any series or any Coupons appertaining thereto pursuant to this Indenture, unless such Holders shall have offered to the Trustee such security or indemnity as is reasonably satisfactory to
it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

(6) the Trustee 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, coupon or other paper or document, but the Trustee, in its discretion, may, but shall not be obligated to make such further inquiry or investigation into such
facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine, during business hours and upon reasonable notice, the books, records and premises of the Company,
personally or by agent or attorney; 

  
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 (7) the Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; 

(8) the Authenticating Agent, Paying Agent, and Security Registrar shall have the same protections as the Trustee set forth hereunder;

 (9) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial
liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers; 
 (10) whether
or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Article 6; 

(11) the Trustee shall not be liable for any action taken or omitted to be taken by it in good faith that is believed to be authorized or
within the discretion or rights or powers conferred upon it by this Indenture, unless the Trustee’s conduct constitutes negligence; 
 (12) the permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty unless so specified herein; and 

(13) the Trustee shall not be deemed to have notice or actual knowledge of any Event of Default unless a Responsible Officer of the
Trustee has actual knowledge thereof or unless written notice of any Event of Default is received by the Trustee pursuant to Section 1.5 hereof. Except as otherwise expressly provided herein, the Trustee shall not be bound to ascertain or
inquire as to the performance or observance of any of the terms, conditions, covenants or agreements herein or in any series of Securities. 
  

	Section 6.3.	Notice of Defaults. 

Within 90 days after the occurrence of any default hereunder with respect to the Securities of any series, the Trustee shall transmit by
mail to all Holders of Securities of such series entitled to receive reports pursuant to Section 7.3(3), notice of such default hereunder actually known to a Responsible Officer of the Trustee, unless such default shall have been cured or
waived; provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any), or interest, if any, on, or Additional Amounts or any sinking fund or purchase fund installment with respect to, any Security
of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the
withholding of such notice is in the best interest of the Holders of Securities and Coupons of such series. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse of time or both would
become, an Event of Default with respect to Securities of such series. 

  
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	Section 6.4.	Not Responsible for Recitals or Issuance of Securities. 

 The recitals contained herein and in the Securities, except the Trustee’s certificate of authentication, and in any Coupons shall be taken as the statements of the Company and neither the Trustee nor
any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or the Coupons, except that the Trustee represents that it is
duly authorized to execute and deliver this Indenture, authenticate the Securities and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and accurate,
subject to the qualifications set forth therein. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of the Securities or the proceeds thereof. 

 

	Section 6.5.	May Hold Securities. 

 The
Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other Person that may be an agent of the Trustee or the Company, in its individual or any other capacity, may become the owner or pledgee of Securities or Coupons
and, subject to Sections 310(b) and 311 of the Trust Indenture Act, may otherwise deal with the Company with the same rights it would have if it were not the Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other Person.

  

	Section 6.6.	Money Held in Trust. 

Except as provided in Section 4.3 and Section 10.3, money held by the Trustee in trust hereunder need not be segregated from
other funds except to the extent required by law and shall be held uninvested. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed to in writing with the Company. 

 

	Section 6.7.	Compensation and Reimbursement. 

 The Company agrees: 
 (1) to pay to the Trustee from time to time reasonable
compensation for all services rendered by the Trustee hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of this Indenture or arising out of or in connection with the acceptance or administration of the trust or trusts hereunder (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 the Trustee’s negligence or bad faith; and 

(3) to indemnify the Trustee and its agents, officers, directors and employees for, and to hold them harmless against, any loss,
liability or expense incurred without negligence or bad faith on their part, arising out of or in connection with the acceptance or administration of the 

  
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trust or trusts hereunder, including the costs and expenses of defending themselves against any claim or liability in connection with the exercise or performance of any of their powers or duties
hereunder, except to the extent that any such loss, liability or expense was due to the Trustee’s negligence or bad faith. 

As security for the performance of the obligations of the Company under this Section, the Trustee shall have a lien prior to the
Securities of any series upon all property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of, and premium or interest on or any Additional Amounts with respect to Securities or any Coupons
appertaining thereto. 
 To the extent permitted by law, any compensation or expense incurred by the Trustee after a default
specified in or pursuant to Section 5.1 is intended to constitute an expense of administration under any then applicable bankruptcy or insolvency law. “Trustee” for purposes of this Section 6.7 shall include any predecessor
Trustee but the negligence or bad faith of any Trustee shall not affect the rights of any other Trustee under this Section 6.7. 
 The provisions of this Section 6.7 shall survive the satisfaction and discharge of this Indenture or the earlier resignation or removal of the Trustee and shall apply with equal force and effect to
the Trustee in its capacity as Authenticating Agent, Paying Agent or Security Registrar. 
  

	Section 6.8.	Corporate Trustee Required; Eligibility. 

 There shall at all times be a Trustee hereunder that is a Corporation organized and doing business under the laws of the United States of America, any state thereof or the District of Columbia, that is
eligible under Section 310(a)(1) of the Trust Indenture Act to act as trustee under an indenture qualified under the Trust Indenture Act and that has a combined capital and surplus (computed in accordance with Section 310(a)(2) of the
Trust Indenture Act) of at least $50,000,000, and that is subject to supervision or examination by Federal or state authority. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect hereinafter specified in this Article. 
  

	Section 6.9.	Resignation and Removal; Appointment of Successor. 

 (1) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee pursuant
to Section 6.10. 
 (2) The Trustee may resign at any time with respect to the Securities of one or more series by giving
written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.10 shall not have been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning
Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee with respect to such series. 
 (3) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series, delivered to
the Trustee and the Company. 

  
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 (4) If at any time: 

(a) the Trustee shall fail to comply with the obligations imposed upon it under Section 310(b) of the Trust Indenture Act with
respect to Securities of any series after written request therefor by the Company or any Holder of a Security of such series who has been a bona fide Holder of a Security of such series for at least six months, or 

(b) the Trustee shall cease to be eligible under Section 6.8 and shall fail to resign after written request therefor by the Company
or any such Holder, or 
 (c) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a
receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then, in any such case,
(i) the Company, by or pursuant to a Board Resolution, may remove the Trustee with respect to all Securities or the Securities of such series, or (ii) subject to Section 315(e) of the Trust Indenture Act, any Holder of a Security who
has been a bona fide Holder of a Security of such series 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 Trustee with respect to all Securities
of such series and the appointment of a successor Trustee or Trustees. 
 (5) If the Trustee shall resign, be removed or become
incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Trustee or Trustees
with respect to the Securities of such series (it being understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect
to the Securities of any particular series) and shall comply with the applicable requirements of Section 6.10. If, within one year after such resignation, removal or incapacity, or the occurrence of such vacancy, a successor Trustee with
respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed
shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.10, become the successor Trustee with respect to the Securities of such series and to that extent supersede the successor
Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders of Securities and accepted appointment in the manner required by Section 6.10, any
Holder of a Security who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor
Trustee with respect to the Securities of such series. 
 (6) The Company shall give notice of each resignation and each removal
of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series by mailing written notice of such event by first-class mail, postage prepaid, to the Holders of
Registered Securities, if any, of such series as their names and addresses appear in the Security Register and, if Securities of such series are issued as 

  
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Bearer Securities, by publishing notice of such event once in an Authorized Newspaper in each Place of Payment located outside the United States. Each notice shall include the name of the
successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 
 (7) In no
event shall any retiring Trustee be liable for the acts or omissions of any successor Trustee hereunder. 
  

	Section 6.10.	Acceptance of Appointment by Successor. 

 (1) Upon the appointment hereunder of any successor Trustee with respect to all Securities, such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and the retiring
Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the
rights, powers, trusts and duties hereunder of the retiring Trustee; but, on the request of the Company or such successor Trustee, such retiring Trustee, upon payment of its charges, shall execute and deliver an instrument transferring to such
successor Trustee all the rights, powers and trusts of the retiring Trustee and, subject to Section 10.3, shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject
nevertheless to its claim, if any, provided for in Section 6.7. 
 (2) Upon the appointment hereunder of any successor
Trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and such successor Trustee shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such
appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, such successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the
Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable
to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and
(3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such
supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee
and that no Trustee shall be responsible for any notice given to, or received by, or any act or failure to act on the part of any other Trustee hereunder, and, upon the execution and delivery of such supplemental indenture, the resignation or
removal of the retiring Trustee shall become effective to the extent provided therein, such retiring Trustee shall have no further responsibility for the exercise of rights and powers or for the performance of the duties and obligations vested in
the Trustee under this Indenture with respect to the Securities of that or those series to which the appointment of such successor Trustee relates other than as hereinafter expressly set forth, and such successor Trustee, without any further act,
deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those 

  
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series to which the appointment of such successor Trustee relates; but, on request of the Company or such successor Trustee, such retiring Trustee, upon payment of its charges with respect to the
Securities of that or those series to which the appointment of such successor Trustee relates and subject to Section 10.3 shall duly assign, transfer and deliver to such successor Trustee, to the extent contemplated by such supplemental
indenture, the property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, subject to its claim, if any, provided for in
Section 6.7. 
 (3) Upon request of any Person appointed hereunder as a successor Trustee, the Company shall execute any
and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (1) or (2) of this Section, as the case may be. 

(4) No Person shall accept its appointment hereunder as a successor Trustee unless at the time of such acceptance such successor Person
shall be qualified and eligible under this Article. 
  

	Section 6.11.	Merger, Conversion, Consolidation or Succession to Business. 

 Any Corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any Corporation resulting from any merger, conversion or consolidation to which the Trustee shall
be a party, or any Corporation succeeding by sale or otherwise to all or substantially all of the corporate trust business of the Trustee shall be the successor of the Trustee hereunder, without the execution or filing of any paper or any further
act on the part of any of the parties hereto. In case any Securities shall have been authenticated but not delivered by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such
authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
  

	Section 6.12.	Appointment of Authenticating Agent. 

 The Trustee may appoint one or more Authenticating Agents acceptable to the Company with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee to
authenticate Securities of that or those series issued upon original issue, exchange, registration of transfer, partial redemption or partial repayment or pursuant to Section 3.6, and Securities so authenticated shall be entitled to the
benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the Trustee or the
Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the Trustee by an
Authenticating Agent. 
 Each Authenticating Agent must be acceptable to the Company and, except as provided in or pursuant to
this Indenture, shall at all times be a Corporation that would be permitted by the Trust Indenture Act to act as trustee under an indenture qualified under the Trust Indenture Act, is authorized under applicable law and by its charter to act as an
Authenticating Agent and has a 

  
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combined capital and surplus (computed in accordance with Section 310(a)(2) of the Trust Indenture Act) of at least $50,000,000. If at any time an Authenticating Agent shall cease to be
eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and with the effect specified in this Section. 
 Any Corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any Corporation resulting from any merger, conversion or consolidation to which such
Authenticating Agent shall be a party, or any Corporation succeeding by sale or otherwise to all or substantially all of the corporate agency or corporate trust business of an Authenticating Agent, shall be the successor of such Authenticating Agent
hereunder, provided such Corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 

An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and the Company. The Trustee may at any
time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating
Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Company and shall (i) mail written notice of such appointment by
first-class mail, postage prepaid, to all Holders of Registered Securities, if any, of the series with respect to which such Authenticating Agent shall serve, as their names and addresses appear in the Security Register, and (ii) if Securities
of the series are issued as Bearer Securities, publish notice of such appointment at least once in an Authorized Newspaper in the place where such successor Authenticating Agent has its principal office if such office is located outside the United
States. Any successor Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No
successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 The Company agrees to
pay each Authenticating Agent from time to time reasonable compensation for its services under this Section. If the Trustee makes such payments, it shall be entitled to be reimbursed for such payments, subject to the provisions of Section 6.7.

 The provisions of Sections 3.8, 6.4 and 6.5 shall be applicable to each Authenticating Agent. 

If an Authenticating Agent is appointed with respect to one or more series of Securities pursuant to this Section, the Securities of such
series may have endorsed thereon, in addition to or in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication in substantially the following form: 

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

  
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		 		 	 ,

	Dated:	 		 	as Trustee
		 		 		 	  

		 		 	By:	 	  

		 	as Authenticating Agent
				
		 		 	By:	 	  

		 	Authorized Officer

 If all of the Securities of any series may not be originally issued at one time, and if the Trustee does
not have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee, if so requested in writing
(which writing need not be accompanied by or contained in an Officer’s Certificate by the Company), shall appoint in accordance with this Section an Authenticating Agent having an office in a Place of Payment designated by the Company with
respect to such series of Securities. 
 ARTICLE 7. 

HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY 
  

	Section 7.1.	Company to Furnish Trustee Names and Addresses of Holders. 

 In accordance with Section 312(a) of the Trust Indenture Act, the Company shall furnish or cause to be furnished to the Trustee 

(1) semi-annually with respect to Securities of each series not later than May 1 and November 1 of the year or upon such other
dates as are set forth in or pursuant to the Board Resolution or indenture supplemental hereto authorizing such series, a list, in each case in such form as the Trustee may reasonably require, of the names and addresses of Holders as of the
applicable date, and 
 (2) at such other times as the Trustee may request in writing, within 30 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 days prior to the time such list is furnished, provided, however, that so long as the Trustee is the Security Registrar no such list shall be required to
be furnished. 
  

	Section 7.2.	Preservation of Information; Communications to Holders. 

 The Trustee shall comply with the obligations imposed upon it pursuant to Section 312 of the Trust Indenture Act. 
 Every Holder of Securities or Coupons, by receiving and holding the same, agrees with the Company and the Trustee that none of the Company, the Trustee, any Paying Agent or any Security Registrar shall be
held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Securities in accordance with Section 312(c) of the Trust Indenture Act, regardless of the source from which such information
was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under Section 312(b) of the Trust Indenture Act. 

  
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	Section 7.3.	Reports by Trustee. 

 (1)
Within 60 days after September 15 of each year commencing with the first September 15 following the first issuance of Securities pursuant to Section 3.1, if required by Section 313(a) of the Trust Indenture Act, the Trustee shall
transmit, pursuant to Section 313(c) of the Trust Indenture Act, a brief report dated as of such September 15 with respect to any of the events specified in said Section 313(a) which may have occurred since the later of the
immediately preceding September 15 and the date of this Indenture. 
 (2) The Trustee shall transmit the reports required
by Section 313(a) and (b) of the Trust Indenture Act at the times specified therein. 
 (3) Reports pursuant to this
Section shall be transmitted in the manner and to the Persons required by Sections 313(c) and 313(d) of the Trust Indenture Act. 
  

	Section 7.4.	Reports by Company. 

 The
Company, pursuant to Section 314(a) of the Trust Indenture Act, shall: 
 (1) file with the Trustee, within 15 days after
the Company is required to file the same with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and
regulations prescribe) which the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934, as amended; or, if the Company is not required to file information,
documents or reports pursuant to either of said Sections, then it shall file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic
information, documents and reports which may be required pursuant to Section 13 of the Securities Exchange Act of 1934, as amended, in respect of a security listed and registered on a national securities exchange as may be prescribed from time
to time in such rules and regulations; 
 (2) file with the Trustee and the Commission, in accordance with rules and regulations
prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by such rules and
regulations; and 
 (3) transmit within 30 days after the filing thereof with the Trustee, in the manner and to the extent
provided in Section 313(c) of the Trust Indenture Act, such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (1) and (2) of this Section as may be required by rules and
regulations prescribed from time to time by the Commission. 

  
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 ARTICLE 8. 
 CONSOLIDATION, MERGER AND SALES 
  

	Section 8.1.	Company May Consolidate, Etc., Only on Certain Terms. 

 The Company shall not consolidate with or merge into any other Person (whether or not affiliated with the Company), or convey, transfer or lease its properties and assets as an entirety or substantially
as an entirety to any other Person (whether or not affiliated with the Company), and the Company shall not permit any other Person (whether or not affiliated with the Company) to consolidate with or merge into the Company or convey, transfer or
lease its properties and assets as an entirety or substantially as an entirety to the Company; unless: 
 (1) in case the
Company shall consolidate with or merge into another Person or convey, transfer or lease its properties and assets as an entirety or substantially as an entirety to any Person, the Person formed by such consolidation or into which the Company is
merged or the Person which acquires by conveyance or transfer, or which leases, the properties and assets of the Company as an entirety or substantially as an entirety shall be a Corporation organized and existing under the laws of the United States
of America or any state thereof or the District of Columbia and shall expressly assume, by an indenture (or indentures, if at such time there is more than one Trustee) supplemental hereto, executed by the successor Person and delivered to the
Trustee the due and punctual payment of the principal of, any premium and interest on and any Additional Amounts with respect to all the Securities and the performance of every obligation in this Indenture and the Outstanding Securities on the part
of the Company to be performed or observed and shall provide for conversion or exchange rights in accordance with the provisions of the Securities of any series that are convertible or exchangeable into Common Stock or other securities; 

(2) immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Company or a
Subsidiary as a result of such transaction as having been incurred by the Company or such Subsidiary at the time of such transaction, no Event of Default or event which, after notice or lapse of time, or both, would become an Event of Default, shall
have occurred and be continuing; and 
 (3) either the Company or the successor Person shall have delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply
with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 
  

	Section 8.2.	Successor Person Substituted for Company. 

 Upon any consolidation by the Company with or merger of the Company into any other Person or any conveyance, transfer or lease of the properties and assets of the Company substantially as an entirety to
any Person in accordance with Section 8.1, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise
every right and power of, the Company under this Indenture with the same effect as if such 

  
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successor Person had been named as the Company herein; and thereafter, except in the case of a lease, the predecessor Person shall be released from all obligations and covenants under this
Indenture, the Securities and the Coupons. 
 ARTICLE 9. 

SUPPLEMENTAL INDENTURES 
  

	Section 9.1.	Supplemental Indentures Without Consent of Holders. 

 Without the consent of any Holders of Securities or Coupons, the Company (when authorized by or pursuant to a Board Resolution) and the Trustee, at any time and from time to time, may enter into one or
more indentures supplemental hereto, for any of the following purposes: 
 (1) to evidence the succession of another Person to
the Company, and the assumption by any such successor of the covenants of the Company, contained herein and in the Securities; or 
 (2) to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities (as shall be specified in such supplemental indenture or indentures) or to surrender any right
or power herein conferred upon the Company; or 
 (3) to add to or change any of the provisions of this Indenture to provide
that Bearer Securities may be registrable as to principal, to change or eliminate any restrictions on the payment of principal of, any premium or interest on or any Additional Amounts with respect to Securities, to permit Bearer Securities to be
issued in exchange for Registered Securities, to permit Bearer Securities to be exchanged for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form, provided any such action
shall not adversely affect the interests of the Holders of Outstanding Securities of any series or any Coupons appertaining thereto in any material respect; or 
 (4) to establish the form or terms of Securities of any series and any Coupons appertaining thereto as permitted by Sections 2.1 and 3.1; or 

(5) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or
more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the requirements of Section 6.10; or

 (6) to cure any ambiguity or to correct or supplement any provision herein which may be defective or inconsistent with any
other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture which shall not adversely affect the interests of the Holders of Securities of any series then Outstanding or any Coupons
appertaining thereto in any material respect; or 

  
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 (7) to add to, delete from or revise the conditions, limitations and restrictions on the
authorized amount, terms or purposes of issue, authentication and delivery of Securities, as herein set forth; or 
 (8) to add
any additional Events of Default with respect to all or any series of Securities (as shall be specified in such supplemental indenture); or 
 (9) to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and discharge of any series of Securities pursuant to Article 4,
provided that any such action shall not adversely affect the interests of any Holder of an Outstanding Security of such series and any Coupons appertaining thereto or any other Outstanding Security or Coupon in any material respect; or 

(10) to secure the Securities; or 
 (11) to make provisions with respect to conversion or exchange rights of Holders of Securities of any series; or 
 (12) to amend or supplement any provision contained herein or in any supplemental indenture, provided that no such amendment or supplement shall materially adversely affect the interests of the Holders of
any Securities then Outstanding. 
  

	Section 9.2.	Supplemental Indentures With Consent of Holders. 

 With the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series affected by such supplemental indenture, by Act of said Holders delivered to
the Company and the Trustee, the Company (when authorized by or pursuant to a Company’s Board Resolution) and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture or of the Securities of such series; provided, however, that no such
supplemental indenture, without the consent of the Holder of each Outstanding Security affected thereby, shall 
 (1) change the
Stated Maturity of the principal of, or any premium or installment of interest on or any Additional Amounts with respect to, any Security, or reduce the principal amount thereof or the rate (or modify the calculation of such rate) of interest
thereon or any Additional Amounts with respect thereto, or any premium payable upon the redemption thereof or otherwise, or change the obligation of the Company to pay Additional Amounts pursuant to the terms hereof (except as contemplated by
Section 8.1(1) and permitted by Section 9.1(1)), or reduce the amount of the principal of an Original Issue Discount Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to
Section 5.2 or the amount thereof provable in bankruptcy pursuant to Section 5.4, change the redemption provisions or adversely affect the right of repayment at the option of any Holder as contemplated by Article 13, or change the Place of
Payment, Currency in which the principal of, any premium or interest on, or any Additional Amounts with respect to any Security is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity
thereof (or, in the case of redemption, on or after the Redemption Date or, in the case of 

  
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repayment at the option of the Holder, on or after the date for repayment), [or modify the provisions of this Indenture with respect to the subordination of the Securities in a material manner
adverse to the Holders,] or 
 (2) reduce the percentage in principal amount of the Outstanding Securities of any series, the
consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their consequences)
provided for in this Indenture, or reduce the requirements of Section 15.4 for quorum or voting, or 
 (3) modify any of
the provisions of this Section, Section 5.13 or Section 10.8, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each
Outstanding Security affected thereby, or 
 (4) make any change that adversely affects the right to convert or exchange any
Security into or for securities of the Company or other securities (whether or not issued by the Company), cash or property in accordance with its terms. 
 A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which shall have been included expressly and solely for the benefit of one or more particular series
of Securities, or which modifies the rights of the Holders of Securities of such series with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series.

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

	Section 9.3.	Execution of Supplemental Indentures. 

 As a condition to executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trust created by this Indenture, the
Trustee shall be entitled to receive, and (subject to Section 315 of the Trust Indenture Act) shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted
by this Indenture and an Officer’s Certificate stating that all conditions precedent to the execution of such supplemental indenture have been fulfilled. The Trustee may, but shall not be obligated to, enter into any such supplemental indenture
which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
  

	Section 9.4.	Effect of Supplemental Indentures. 

 Upon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all
purposes; and every Holder of a Security theretofore or thereafter authenticated and delivered hereunder and of any Coupon appertaining thereto shall be bound thereby. 

  
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	Section 9.5.	Reference in Securities to Supplemental Indentures. 

 Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form approved
by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture
may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 
  

	Section 9.6.	Conformity With Trust Indenture Act. 

 Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

 

	Section 9.7.	Notice of Supplemental Indenture. 

 Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to Section 9.2, the Company shall transmit to the Holders of Outstanding Securities of any series
affected thereby a notice setting forth the substance of such supplemental indenture. 
 ARTICLE 10. 

COVENANTS 
  

	Section 10.1.	Payment of Principal, Any Premium, Interest and Additional Amounts. 

 The Company covenants and agrees for the benefit of the Holders of the Securities of each series that it will duly and punctually pay the principal of, any premium and interest on and any Additional
Amounts with respect to the Securities of such series in accordance with the terms thereof, any Coupons appertaining thereto and this Indenture. Any interest due on any Bearer Security on or before the Maturity thereof, and any Additional Amounts
payable with respect to such interest, shall be payable only upon presentation and surrender of the Coupons appertaining thereto for such interest as they severally mature. 

 

	Section 10.2.	Maintenance of Office or Agency. 

 The Company shall maintain in each Place of Payment for any series of Securities an Office or Agency where Securities of such series (but not Bearer Securities, except as otherwise provided below, unless
such Place of Payment is located outside the United States) may be presented or surrendered for payment, where Securities of such series may be surrendered for registration of transfer or exchange, where Securities of such series that are
convertible or exchangeable may be surrendered for conversion or exchange, and where notices and demands to or upon the Company in respect of the Securities of such series relating thereto and this Indenture may be served. If Securities of a series
are issuable as Bearer Securities, the Company shall maintain, subject to any laws or regulations applicable thereto, an Office or Agency in a Place of Payment for such series which is located outside the United States where Securities of such
series and any Coupons appertaining thereto may be presented and surrendered for 

  
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payment; provided, however, that if the Securities of such series are listed on The Stock Exchange of the United Kingdom and the Republic of Ireland or the Luxembourg Stock Exchange or any other
stock exchange located outside the United States and such stock exchange shall so require, the Company shall maintain a Paying Agent in London, Luxembourg or any other required city located outside the United States, as the case may be, so long as
the Securities of such series are listed on such exchange. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such Office or Agency. If at any time the Company shall fail to maintain any
such required Office or Agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer Securities of
such series and any Coupons appertaining thereto may be presented and surrendered for payment at the place specified for the purpose with respect to such Securities as provided in or pursuant to this Indenture, and the Company hereby appoints the
Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
 Except as otherwise provided in or
pursuant to this Indenture, no payment of principal, premium, interest or Additional Amounts with respect to Bearer Securities shall be made at any Office or Agency in the United States or by check mailed to any address in the United States or by
transfer to an account maintained with a bank located in the United States; provided, however, if amounts owing with respect to any Bearer Securities shall be payable in Dollars, payment of principal of, any premium or interest on and any Additional
Amounts with respect to any such Security may be made at the Corporate Trust Office of the Trustee or any Office or Agency designated by the Company in the Borough of Manhattan, The City of New York, if (but only if) payment of the full amount of
such principal, premium, interest or Additional Amounts at all offices outside the United States maintained for such purpose by the Company in accordance with this Indenture is illegal or effectively precluded by exchange controls or other similar
restrictions. 
 The Company may also from time to time designate one or more other Offices or Agencies where the Securities of
one or more series 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 each Place of Payment for Securities of any series for such purposes. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such
other Office or Agency. Unless otherwise provided in or pursuant to this Indenture, the Company hereby designates as the Place of Payment for each series of Securities the Borough of Manhattan, The City of New York, and initially appoints the
Corporate Trust Office of the Trustee as the Office or Agency of the Company in the Borough of Manhattan, The City of New York for such purpose. The Company may subsequently appoint a different Office or Agency in the Borough of Manhattan, The City
of New York for the Securities of any series. 
 Unless otherwise specified with respect to any Securities pursuant to
Section 3.1, if and so long as the Securities of any series (i) are denominated in a Foreign Currency or (ii) may be payable in a Foreign Currency, or so long as it is required under any other provision of this Indenture, then the
Company will maintain with respect to each such series of Securities, or as so required, at least one exchange rate agent. 

  
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	Section 10.3.	Money for Securities Payments to be Held in Trust. 

 If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it shall, on or before each due date of the principal of, any premium or interest on or Additional
Amounts with respect to any of the Securities of such series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the currency or currencies, currency unit or units or composite currency or currencies in which the
Securities of such series are payable (except as otherwise specified pursuant to Section 3.1 for the Securities of such series) sufficient to pay the principal or any premium, interest or Additional Amounts so becoming due until such sums shall
be paid to such Persons or otherwise disposed of as herein provided, and shall promptly notify the Trustee of its action or failure so to act. 
 Whenever the Company shall have one or more Paying Agents for any series of Securities, it shall, on or prior to each due date of the principal of, any premium or interest on or any Additional Amounts
with respect to any Securities of such series, deposit with any Paying Agent a sum (in the currency or currencies, currency unit or units or composite currency or currencies described in the preceding paragraph) sufficient to pay the principal or
any premium, interest or Additional Amounts so becoming due, such sum to be held in trust for the benefit of the Persons entitled thereto, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or
failure so to act. 
 The Company shall cause each Paying Agent for any series of Securities other than the Trustee to execute
and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall: 
 (1) hold all sums held by it for the payment of the principal of, any premium or interest on or any Additional Amounts with respect to Securities of such series in trust for the benefit of the Persons
entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as provided in or pursuant to this Indenture; 
 (2) give the Trustee notice of any default by the Company (or any other obligor upon the Securities of such series) in the making of any payment of principal, any premium or interest on or any Additional
Amounts with respect to the Securities of such series; and 
 (3) at any time during the continuance of any such default, upon
the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent. 
 The Company
may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying
Agent, such sums to be held by the Trustee upon the same terms as those upon which such sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all
further liability with respect to such sums. 
 Except as otherwise provided herein or pursuant hereto, any money deposited with
the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, any premium or interest on or any Additional Amounts with respect to any Security of any series or any Coupon appertaining thereto and
remaining unclaimed for two years after 

  
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such principal or any such premium or interest or any such Additional Amounts shall have become due and payable shall be paid to the Company on Company Request, or (if then held by the Company)
shall be discharged from such trust; and the Holder of such Security or any Coupon appertaining thereto shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying
Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the
Company cause to be published once, in an Authorized Newspaper in each Place of Payment for such series or to be mailed to Holders of Registered Securities of such series, or both, notice that such money remains unclaimed and that, after a date
specified therein, which shall not be less than 30 days from the date of such publication or mailing nor shall it be later than two years after such principal and any premium or interest or Additional Amounts shall have become due and payable, any
unclaimed balance of such money then remaining will be repaid to the Company. 
  

	Section 10.4.	Additional Amounts. 

 If
any Securities of a series provide for the payment of Additional Amounts, the Company agrees to pay to the Holder of any such Security or any Coupon appertaining thereto Additional Amounts as provided in or pursuant to this Indenture or such
Securities. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any series or any Coupon or the net proceeds received on the sale or exchange
of any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Amounts
are, were or would be payable in respect thereof pursuant to such terms, and express mention of the payment of Additional Amounts (if applicable) in any provision hereof shall not be construed as excluding Additional Amounts in those provisions
hereof where such express mention is not made. 
 Except as otherwise provided in or pursuant to this Indenture or the
Securities of the applicable series, if the Securities of a series provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to such series of Securities (or if the Securities of such
series shall not bear interest prior to Maturity, the first day on which a payment of principal is made), and at least 10 days prior to each date of payment of principal or interest if there has been any change with respect to the matters set forth
in the below-mentioned Officer’s Certificate, the Company shall furnish to the Trustee and the principal Paying Agent or Paying Agents, if other than the Trustee, an Officer’s Certificate instructing the Trustee and such Paying Agent or
Paying Agents whether such payment of principal of and premium, if any, or interest on the Securities of such series shall be made to Holders of Securities of such series or the Coupons appertaining thereto who are United States Aliens without
withholding for or on account of any tax, assessment or other governmental charge described in the Securities of such series. If any such withholding shall be required, then such Officer’s Certificate shall specify by country the amount, if
any, required to be withheld on such payments to such Holders of Securities or Coupons, and the Company agrees to pay to the Trustee or such Paying Agent the Additional Amounts required by the terms of such Securities. The Company covenants to
indemnify the Trustee and any Paying Agent for, and to hold them harmless against, any loss, 

  
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liability or expense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any
Officer’s Certificate furnished pursuant to this Section 10.4. 
  

	Section 10.5.	[Reserved.] 

  

	Section 10.6.	[Reserved.] 

  

	Section 10.7.	Corporate Existence. 

Subject to Article 8, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect its
corporate existence and that of each of its Restricted Subsidiaries and their respective rights (charter and statutory) and franchises; provided, however, that the foregoing shall not obligate the Company or any of its Restricted Subsidiaries to
preserve any such right or franchise if the Company or any such Restricted Subsidiary shall determine that the preservation thereof is no longer desirable in the conduct of its business or the business of such Restricted Subsidiary and that the loss
thereof is not disadvantageous in any material respect to any Holder. 
  

	Section 10.8.	Waiver of Certain Covenants. 

 The Company may omit in any particular instance to comply with any term, provision or condition set forth in Section 10.7 with respect to the Securities of any series if before the time for such
compliance the Holders of at least a majority in principal amount of the Outstanding Securities of such series, by Act of such Holders, either shall waive such compliance in such instance or generally shall have waived compliance with such term,
provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the
Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
  

	Section 10.9.	Company Statement as to Compliance; Notice of Certain Defaults. 

 (1) The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year, a written statement (which need not be contained in or accompanied by an Officer’s Certificate) signed
by the principal executive officer, the principal financial officer or the principal accounting officer of the Company, stating that 
 (a) a review of the activities of the Company during such year and of its performance under this Indenture has been made under his or her supervision, and 

(b) to the best of his or her knowledge, based on such review, (a) the Company has complied with all the conditions and covenants
imposed on it under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such condition or covenant, specifying each such default known to him or her and the nature and status thereof, and (b) no event
has occurred and is continuing which is, or after notice or lapse of time or both would become, an Event of Default, or, if such an event has occurred and is continuing, specifying each such event known to him and the nature and status thereof.

  
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 (2) The Company shall deliver to the Trustee, within five days after the occurrence thereof,
written notice of any Event of Default or any event which after notice or lapse of time or both would become an Event of Default pursuant to clause (4) of Section 5.1. 

(3) The Trustee shall have no duty to monitor the Company’s compliance with the covenants contained in this Article 10 other than as
specifically set forth in this Section 10.9. 
 ARTICLE 11. 

REDEMPTION OF SECURITIES 
  

	Section 11.1.	Applicability of Article. 

Redemption of Securities of any series at the option of the Company as permitted or required by the terms of such Securities shall be made
in accordance with the terms of such Securities and (except as otherwise provided herein or pursuant hereto) this Article. 
  

	Section 11.2.	Election to Redeem; Notice to Trustee. 

 The election of the Company to redeem any Securities shall be evidenced by or pursuant to a Board Resolution. In case of any redemption at the election of the Company of (a) less than all of the
Securities of any series or (b) all of the Securities of any series, with the same issue date, interest rate or formula, Stated Maturity and other terms, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company
(unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed. 

 

	Section 11.3.	Selection by Trustee of Securities to be Redeemed. 

 Unless otherwise specified as contemplated by Section 3.1, if less than all of the Securities of any series with the same issue date, interest rate or formula, Stated Maturity and other terms are to
be redeemed, the particular Securities to be redeemed shall be selected not more than 60 days prior to the Redemption Date by the Trustee from the Outstanding Securities of such series not previously called for redemption, by such method as the
Trustee shall deem fair and appropriate and which may provide for the selection for redemption of portions of the principal amount of Registered Securities of such series; provided, however, that no such partial redemption shall reduce the portion
of the principal amount of a Registered Security of such series not redeemed to less than the minimum denomination for a Security of such series established herein or pursuant hereto. 

The Trustee shall promptly notify the Company and the Security Registrar (if other than itself) in writing of the Securities selected for
redemption and, in the case of any Securities selected for partial redemption, the principal amount thereof to be redeemed. 

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

  
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 Unless otherwise specified in or pursuant to this Indenture or the Securities of any series,
if any Security selected for partial redemption is converted into other securities of the Company or exchanged for securities of another issuer in part before termination of the conversion or exchange right with respect to the portion of the
Security so selected, the converted portion of such Security shall be deemed (so far as may be) to be the portion selected for redemption. Securities which have been converted or exchanged during a selection of Securities to be redeemed shall be
treated by the Trustee as Outstanding for the purpose of such selection. 
  

	Section 11.4.	Notice of Redemption. 

Notice of redemption shall be given in the manner provided in Section 1.6, not less than 30 nor more than 60 days prior to the
Redemption Date, unless a shorter period is specified in the Securities to be redeemed, to the Holders of Securities to be redeemed. Failure to give notice by mailing in the manner herein provided to the Holder of any Registered Securities
designated for redemption as a whole or in part, or any defect in the notice to any such Holder, shall not affect the validity of the proceedings for the redemption of any other Securities or portion thereof. 

Any notice that is mailed to the Holder of any Registered Securities in the manner herein provided shall be conclusively presumed to have
been duly given, whether or not such Holder receives the notice. 
 All notices of redemption shall state: 

(1) the Redemption Date, 
 (2) the Redemption Price, 
 (3) if less than all Outstanding Securities of any
series are to be redeemed, the identification (and, in the case of partial redemption, the principal amount) of the particular Security or Securities to be redeemed, 
 (4) in case any Security is to be redeemed in part only, the notice which relates to such Security shall state that on and after the Redemption Date, upon surrender of such Security, the Holder of such
Security will receive, without charge, a new Security or Securities of authorized denominations for the principal amount thereof remaining unredeemed, 
 (5) that, on the Redemption Date, the Redemption Price shall become due and payable upon each such Security or portion thereof to be redeemed, and, if applicable, that interest thereon shall cease to
accrue on and after said date, 
 (6) the place or places where such Securities, together (in the case of Bearer Securities)
with all Coupons appertaining thereto, if any, maturing after the Redemption Date, are to be surrendered for payment of the Redemption Price and any accrued interest and Additional Amounts pertaining thereto, 

(7) that the redemption is for a sinking fund, if such is the case, 

  
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 (8) that, unless otherwise specified in such notice, Bearer Securities of any series, if
any, surrendered for redemption must be accompanied by all Coupons maturing subsequent to the date fixed for redemption or the amount of any such missing Coupon or Coupons will be deducted from the Redemption Price, unless security or indemnity
satisfactory to the Company, the Trustee and any Paying Agent is furnished, 
 (9) if Bearer Securities of any series are to be
redeemed and no Registered Securities of such series are to be redeemed, and if such Bearer Securities may be exchanged for Registered Securities not subject to redemption on the Redemption Date pursuant to Section 3.5 or otherwise, the last
date, as determined by the Company, on which such exchanges may be made, 
 (10) in the case of Securities of any series that
are convertible into Common Stock of the Company or exchangeable for other securities, the conversion or exchange price or rate, the date or dates on which the right to convert or exchange the principal of the Securities of such series to be
redeemed will commence or terminate and the place or places where such Securities may be surrendered for conversion or exchange, and 
 (11) the CUSIP number or the Euroclear or the Cedel reference numbers of such Securities, if any (or any other numbers used by a Depository to identify such Securities). 

A notice of redemption published as contemplated by Section 1.6 need not identify particular Registered Securities to be redeemed.

 Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the
Company’s request, by the Trustee in the name and at the expense of the Company. 
  

	Section 11.5.	Deposit of Redemption Price. 

 On or prior to any Redemption Date, the Company shall deposit, with respect to the Securities of any series called for redemption pursuant to Section 11.4, with the Trustee or with a Paying Agent
(or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.3) an amount of money in the applicable Currency sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be
an Interest Payment Date, unless otherwise specified pursuant to Section 3.1 or in the Securities of such series) any accrued interest on and Additional Amounts with respect thereto, all such Securities or portions thereof which are to be
redeemed on that date. 
  

	Section 11.6.	Securities Payable on Redemption Date. 

 Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after
such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear interest and the Coupons for such interest appertaining to any Bearer Securities so to be redeemed, except
to the extent provided below, shall be void. Upon surrender of any such Security for redemption in accordance with said notice, together with all Coupons, if any, appertaining thereto maturing after the Redemption Date, such Security shall be paid
by the Company at the Redemption Price, 

  
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together with any accrued interest and Additional Amounts to the Redemption Date; provided, however, that, except as otherwise provided in or pursuant to this Indenture or the Bearer Securities
of such series, installments of interest on Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only upon presentation and surrender of Coupons for such interest (at an Office or Agency located outside the
United States except as otherwise provided in Section 10.2), and provided, further, that, except as otherwise specified in or pursuant to this Indenture or the Registered Securities of such series, installments of interest on Registered
Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the Regular Record Dates therefor
according to their terms and the provisions of Section 3.7. 
 If any Bearer Security surrendered for redemption shall not
be accompanied by all appurtenant Coupons maturing after the Redemption Date, such Security may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing Coupons, or the surrender of such missing Coupon
or Coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the
Trustee or any Paying Agent any such missing Coupon in respect of which a deduction shall have been made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted; provided, however, that any interest or Additional
Amounts represented by Coupons shall be payable only upon presentation and surrender of those Coupons at an Office or Agency for such Security located outside of the United States except as otherwise provided in Section 10.2. 

If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium, until
paid, shall bear interest from the Redemption Date at the rate prescribed therefor in the Security. 
  

	Section 11.7.	Securities Redeemed in Part. 

 Any Registered Security which is to be redeemed only in part shall be surrendered at any Office or Agency for such Security (with, if the Company or the Trustee so requires, due endorsement by, or a
written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing) and the Company shall execute and the Trustee shall authenticate and deliver to the
Holder of such Security without service charge, a new Registered Security or Securities of the same series, containing identical terms and provisions, of any authorized denomination as requested by such Holder in aggregate principal amount equal to
and in exchange for the unredeemed portion of the principal of the Security so surrendered. If a Security in global form is so surrendered, the Company shall execute, and the Trustee shall authenticate and deliver to the U.S. Depository or other
Depository for such Security in global form as shall be specified in the Company Order with respect thereto to the Trustee, without service charge, a new Security in global form in a denomination equal to and in exchange for the unredeemed portion
of the principal of the Security in global form so surrendered. 

  
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 ARTICLE 12. 
 SINKING FUNDS 
  

	Section 12.1.	Applicability of Article. 

The provisions of this Article shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise
permitted or required in or pursuant to this Indenture or any Security of such series issued pursuant to this Indenture. 
 The
minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of
Securities of such series is herein referred to as an “optional sinking fund payment”. If provided for by the terms of Securities of any series, the cash amount of any sinking fund payment may be subject to reduction as provided in
Section 12.2. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by the terms of Securities of such series and this Indenture. 

 

	Section 12.2.	Satisfaction of Sinking Fund Payments With Securities. 

 The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any series to be made pursuant to the terms of such Securities (1) deliver
Outstanding Securities of such series (other than any of such Securities previously called for redemption or any of such Securities in respect of which cash shall have been released to the Company), together in the case of any Bearer Securities of
such series with all unmatured Coupons appertaining thereto, and (2) apply as a credit Securities of such series which have been redeemed either at the election of the Company pursuant to the terms of such series of Securities or through the
application of permitted optional sinking fund payments pursuant to the terms of such Securities, provided that such series of Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the
Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If, as a result of the delivery or credit of Securities of
any series in lieu of cash payments pursuant to this Section 12.2, the principal amount of Securities of such series to be redeemed in order to satisfy the remaining sinking fund payment shall be less than $100,000, the Trustee need not call
Securities of such series for redemption, except upon Company Request, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying
Agent shall at the request of the Company from time to time pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that series purchased by
the Company having an unpaid principal amount equal to the cash payment requested to be released to the Company. 
  

	Section 12.3.	Redemption of Securities for Sinking Fund. 

 Not less than 75 days prior to each sinking fund payment date for any series of Securities, the Company shall deliver to the Trustee an Officer’s Certificate specifying the amount of the

  
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next ensuing mandatory sinking fund payment for that series pursuant to the terms of that series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof,
if any, which is to be satisfied by delivering and crediting of Securities of that series pursuant to Section 12.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and will also deliver
to the Trustee any Securities to be so credited and not theretofore delivered. If such Officer’s Certificate shall specify an optional amount to be added in cash to the next ensuing mandatory sinking fund payment, the Company shall thereupon be
obligated to pay the amount therein specified. Not less than 60 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 11.3
and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 11.4. Such notice having been duly given, the redemption of such Securities shall be made upon the terms
and in the manner stated in Sections 11.6 and 11.7. 
 ARTICLE 13. 

REPAYMENT AT THE OPTION OF HOLDERS 
  

	Section 13.1.	Applicability of Article. 

Securities of any series which are repayable at the option of the Holders thereof before their Stated Maturity shall be repaid in
accordance with the terms of the Securities of such series. The repayment of any principal amount of Securities pursuant to such option of the Holder to require repayment of Securities before their Stated Maturity, for purposes of Section 3.9,
shall not operate as a payment, redemption or satisfaction of the Indebtedness represented by such Securities unless and until the Company, at its option, shall deliver or surrender the same to the Trustee with a directive that such Securities be
cancelled. Notwithstanding anything to the contrary contained in this Section 13.1, in connection with any repayment of Securities, the Company may arrange for the purchase of any Securities by an agreement with one or more investment bankers
or other purchasers to purchase such Securities by paying to the Holders of such Securities on or before the close of business on the repayment date an amount not less than the repayment price payable by the Company on repayment of such Securities,
and the obligation of the Company to pay the repayment price of such Securities shall be satisfied and discharged to the extent such payment is so paid by such purchasers. 
 ARTICLE 14. 
 SECURITIES IN FOREIGN CURRENCIES 

 

	Section 14.1.	Applicability of Article. 

Whenever this Indenture provides for (i) any action by, or the determination of any of the rights of, Holders of Securities of any
series in which not all of such Securities are denominated in the same Currency, or (ii) any distribution to Holders of Securities, in the absence of any provision to the contrary in the form of Security of any particular series or pursuant to
this Indenture or the Securities, any amount in respect of any Security denominated in a Currency other than Dollars shall be treated for any such action or distribution as that amount of Dollars that could be obtained for such amount on such
reasonable basis of exchange and as of the record date with respect to Registered Securities of such series (if any) for such action, determination of 

  
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rights or distribution (or, if there shall be no applicable record date, such other date reasonably proximate to the date of such action, determination of rights or distribution) as the Company
may specify in a written notice to the Trustee. 
 ARTICLE 15. 

MEETINGS OF HOLDERS OF SECURITIES 
  

	Section 15.1.	Purposes for Which Meetings May Be Called. 

 A meeting of Holders of Securities of any series may be called at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice,
consent, waiver or other Act provided by this Indenture to be made, given or taken by Holders of Securities of such series. 
  

	Section 15.2.	Call, Notice and Place of Meetings. 

 (1) The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 15.1, to be held at such time and at such place in the Borough of Manhattan,
The City of New York, or, if Securities of such series have been issued in whole or in part as Bearer Securities, in London or in such place outside the United States as the Trustee shall determine. Notice of every meeting of Holders of Securities
of any series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 1.6, not less than 21 nor more than 180 days prior to
the date fixed for the meeting. 
 (2) In case at any time the Company (by or pursuant to a Board Resolution) or the Holders of
at least 10% in principal amount of the Outstanding Securities of any series shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any purpose specified in Section 15.1, by written request setting
forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have mailed notice of or made the first publication of the notice of such meeting within 21 days after receipt of such request (whichever shall be
required pursuant to Section 1.6) or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine
the time and the place in the Borough of Manhattan, The City of New York, or, if Securities of such series are to be issued as Bearer Securities, in London for such meeting and may call such meeting for such purposes by giving notice thereof as
provided in clause (1) of this Section. 
  

	Section 15.3.	Persons Entitled to Vote at Meetings. 

 To be entitled to vote at any meeting of Holders of Securities of any series, a Person shall be (1) a Holder of one or more Outstanding Securities of such series, or (2) a Person appointed by an
instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such series by such Holder or Holders. The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Securities of any
series shall be the Persons entitled to vote at such meeting and their counsel, any representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 

  
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	Section 15.4.	Quorum; Action. 

 The
Persons entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for any meeting of Holders of Securities of such series. In the absence of a quorum within 30 minutes after the time
appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not less than 10 days as determined by the chairman
of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any reconvened meeting, such reconvened meeting may be further adjourned for a period of not less than 10 days as determined by the chairman of the meeting prior
to the adjournment of such reconvened meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 15.2(1), except that such notice need be given only once not less than five days prior to the date on which
the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such series which shall constitute a
quorum. 
 Except as limited by the proviso to Section 9.2, any resolution presented to a meeting or adjourned meeting duly
reconvened at which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of that series; provided, however, that, except as limited by the proviso
to Section 9.2, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other Act which this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage,
which is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the affirmative vote of the Holders of
such specified percentage in principal amount of the Outstanding Securities of such series. 
 Any resolution passed or decision
taken at any meeting of Holders of Securities of any series duly held in accordance with this Section shall be binding on all the Holders of Securities of such series and the Coupons appertaining thereto, whether or not such Holders were present or
represented at the meeting. 
  

	Section 15.5.	Determination of Voting Rights; Conduct and Adjournment of Meetings. 

 (1) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities of such series in regard to
proof of the holding of Securities of such series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote,
and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section 1.4 and
the appointment of any proxy shall be proved in the manner specified in Section 1.4 or by having the signature of the person executing the proxy witnessed or guaranteed by any trust company, bank or banker authorized by Section 1.4 to
certify to the holding of Bearer Securities. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 1.4 or other proof.

  
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 (2) The Trustee shall, by an instrument in writing, appoint a temporary chairman of the
meeting, unless the meeting shall have been called by the Company or by Holders of Securities as provided in Section 15.2(2), in which case the Company or the Holders of Securities of the series calling the meeting, as the case may be, shall in
like manner appoint a temporary chairman. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented
at the meeting. 
 (3) At any meeting, each Holder of a Security of such series or proxy shall be entitled to one vote for each
$1,000 principal amount of Securities of such series held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as not Outstanding and ruled by the chairman of the
meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy. 
 (4) Any meeting of Holders of Securities of any series duly called pursuant to Section 15.2 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a majority in
principal amount of the Outstanding Securities of such series represented at the meeting; and the meeting may be held as so adjourned without further notice. 
  

	Section 15.6.	Counting Votes and Recording Action of Meetings. 

 The vote upon any resolution submitted to any meeting of Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such
series or of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall
count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in triplicate of all votes cast at the meeting. A record, at least in triplicate, of the
proceedings of each meeting of Holders of Securities of any series shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken thereat and
affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 15.2 and, if applicable, Section 15.4. Each copy shall be
signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the
ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 

  
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 ARTICLE 16. 
 SUBORDINATION OF SECURITIES 
  

	Section 16.1.	Securities Subordinate to Senior Indebtedness. 

 The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the manner hereinafter set forth in this Article, the
Indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest on each and all of the Securities are hereby expressly made subordinate and subject in right of payment to the prior payment in full of
all Senior Indebtedness. 
 Notwithstanding the foregoing, if a deposit referred to in Section 4.2(4)(a) is made pursuant
to Section 4.2(2) or Section 4.2(3) with respect to any Securities (and provided all other conditions set out in Section 4.2(4) shall have been satisfied with respect to such Securities), then, following such deposit or following the
123rd day after such deposit with respect to defeasance only, no money or Government Obligations so deposited, and no proceeds thereon, will be subject to any rights of holders of Senior Indebtedness, including any such rights arising under this
Article 16. 
  

	Section 16.2.	Payment Over of Proceeds Upon Dissolution, Etc. 

 In the event of (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relative to the
Company or to its creditors, as such, or to its assets, or (b) any liquidation, dissolution or other winding up of the Company, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy, or (c) any assignment
for the benefit of creditors or any other marshalling of assets and liabilities of the Company, then and in any such event the holders of Senior Indebtedness shall be entitled to receive payment in full of all amounts due or to become due on or in
respect of all Senior Indebtedness, or provision shall be made for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Indebtedness, before the Holders of the Securities are entitled to receive any
payment or distribution of any kind or character, whether in cash, property or securities (including any payment or distribution which may be payable or deliverable by reason of the payment of any other Indebtedness of the Company subordinated to
the payment of the Securities), on account of principal of (or premium, if any) or interest on the Securities or on account of any purchase or other acquisition of Securities by the Company or any Subsidiary of the Company (all such payments,
distributions, purchases and acquisitions herein referred to, individually and collectively, as a “Securities Payment”), and to that end the holders of Senior Indebtedness shall be entitled to receive, for application to the payment
thereof, any Securities Payment. 
 In the event that, notwithstanding the foregoing provisions of this Section, the Trustee or
the Holder of any Security shall have received any Securities Payment, before all Senior Indebtedness is paid in full or payment thereof provided for in cash or cash equivalents or otherwise in a manner satisfactory to holders of Senior
Indebtedness, and if such fact shall, at or prior to the time of such Securities Payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such Securities Payment shall be paid over or

  
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delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making payment or distribution of assets of the Company for application
to the payment of all Senior Indebtedness remaining unpaid, to the extent necessary to pay all Senior Indebtedness in full, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness. Any taxes that
have been withheld or deducted from any Securities Payment, or any taxes that ought to have been withheld or deducted from any such Securities Payment that have been remitted to the relevant taxing authority, shall not be considered to be an amount
that the Trustee or the Holder of any Security receives for purposes of this Section. 
 For purposes of this Article only, 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
which are subordinated in right of payment to all Senior Indebtedness which may at the time be outstanding to substantially the same extent as, or to a greater extent than, the Securities are so subordinated as provided in this Article. The
consolidation of the Company with, or the merger of the Company into, another Person or the liquidation or dissolution of the Company following the conveyance or transfer of its properties and assets substantially as an entirety to another Person
upon the terms and conditions set forth in Article 8 shall not be deemed a dissolution, winding up, liquidation, reorganization, assignment for the benefit of creditors or marshalling of assets and liabilities of the Company for the purposes of this
Section if the Person formed by such consolidation or into which the Company is merged or which acquires by conveyance or transfer such properties and assets substantially as an entirety, as the case may be, shall, as a part of such consolidation,
merger, conveyance or transfer, comply with the conditions set forth in Article 8. 
  

	Section 16.3.	No Payment when Senior Indebtedness in Default. 

 Anything in this Indenture to the contrary notwithstanding, no Securities Payment shall be made by or on behalf of the Company (i) unless full payment of amounts then due for principal and interest
and of all other obligations then due on all Senior Indebtedness has been made or duly provided for pursuant to the terms of the instrument governing such Senior Indebtedness, (ii) if, at the time of such payment, redemption, purchase or other
acquisition, or immediately after giving effect thereto, there shall exist under any Senior Indebtedness, or any agreement pursuant to which any Senior Indebtedness is issued, any default, which default shall not have been cured or waived and which
default shall have resulted in the full amount of such Senior Indebtedness being declared due and payable or (iii) if, at the time of such payment, redemption, purchase or other acquisition, the Trustee shall have received written notice from
the holder or holders of any Senior Indebtedness or their representative or representatives (a “Payment Blockage Notice”) that there exists under such Senior Indebtedness, or any agreement pursuant to which such Senior Indebtedness is
issued, any default, which default shall not have been cured or waived, permitting the holders thereof to declare the full amount of such Senior Indebtedness due and payable, but only for the period (the “Payment Blockage Period”)
commencing on the date of receipt of the Payment Blockage Notice and ending (unless earlier terminated by notice given to the Trustee by the Holders of such Senior Indebtedness) on the earlier of (A) the date on which such event of default
shall have been cured or waived or shall have ceased to exist or the Senior Indebtedness to which such default relates shall have been 

  
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discharged or (B) 180 days from the receipt of the Payment Blockage Notice; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in
accordance with Article 12 hereof by delivery and crediting pursuant to Section 12.2 Securities which have been acquired (upon redemption or otherwise) prior to the acceleration of any such default listed in (i) or (ii) directly above
or prior to receipt of any Payment Blockage Notice. Upon termination of a Payment Blockage Period, payments on account of principal of, premium, if any, or interest on the Securities, and redemptions, purchases or other acquisitions may be made by
or on behalf of the Company. Notwithstanding anything herein to the contrary, (A) only one Payment Blockage Notice may be given during any period of 360 consecutive days with respect to the same event of default and any other events of default
on the same issue of Senior Indebtedness existing and known to the person giving such notice at the time of such notice and (B) no new Payment Blockage Period may be commenced by the holder or holders of the same issue of Senior Indebtedness or
their representative or representatives during any period of 360 consecutive days unless all events of default which were the object of the immediately preceding Payment Blockage Notice, and any other event of default on the same issue of Senior
Indebtedness existing and known to the person giving such notice at the time of such notice, have been cured or waived for a period of at least 90 consecutive days. 
 In the event that, notwithstanding the provisions of this Section 16.3, payments are made by or on behalf of the Company in contravention of the provisions of this Section 16.3, such payments
shall be held by the Trustee, any Paying Agent or the Holders, as applicable, in trust for the benefit of, and shall be paid over to and delivered to, the holders of Senior Indebtedness or their representative or the trustee under the indenture or
other agreement (if any), pursuant to which any instruments evidencing any Senior Indebtedness may have been issued, as their respective interests may appear, for application to the payment of all Senior Indebtedness remaining unpaid to the extent
necessary to pay all Senior Indebtedness in full in accordance with the terms of such Senior Indebtedness, after giving effect to any concurrent payment or distribution to or for the holders of Senior Indebtedness. 

The provisions of this Section shall not apply to any payment with respect to which Section 16.2 would be applicable. 

 

	Section 16.4.	Reliance by Senior Indebtedness on Subordination Provisions. 

 Each Holder of any Security by his acceptance thereof acknowledges and agrees that the foregoing subordination provisions are, and are intended to be, an inducement and a consideration for each holder of
any Senior Indebtedness, whether such Senior Indebtedness was created or acquired before or after the issuance of the Securities, to acquire and continue to hold, or to continue to hold, such Senior Indebtedness, and such holder of Senior
Indebtedness shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold or in continuing to hold such Senior Indebtedness. 

 

	Section 16.5.	Payment Permitted If No Default. 

 Nothing contained in this Article or elsewhere in this Indenture or in any of the Securities shall prevent (a) the Company, at any time except during the pendency of any case, proceeding,
dissolution, liquidation or other winding up, assignment for the benefit of creditors or other 

  
 - 77 -

 
marshalling of assets and liabilities of the Company referred to in Section 16.2 or under the conditions described in Section 16.3, from making Securities Payments, or (b) the
application by the Trustee of any money deposited with it hereunder to Securities Payments or the retention of such Securities Payments by the Holders, if, at the time of such application by the Trustee, it did not have knowledge that such
Securities Payments would have been prohibited by the provisions of this Article. 
  

	Section 16.6.	Subrogation to Rights of Holders of Senior Indebtedness. 

 Subject to the payment in full of all Senior Indebtedness or the provision for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Indebtedness, the
Holders of the Securities shall be subrogated to the extent of the payments or distributions made to the holders of such Senior Indebtedness pursuant to the provisions of this Article (equally and ratably with the holders of all indebtedness of the
Company which by its express terms is subordinated to indebtedness of the Company to substantially the same extent as the Securities are subordinated and is entitled to like rights of subrogation) to the rights of the holders of such Senior
Indebtedness to receive payments and distributions of cash, property and securities applicable to the Senior Indebtedness until the principal of (and premium, if any) and interest on the Securities shall be paid in full. For purposes of such
subrogation, no payments or distributions to the holders of the Senior Indebtedness of any cash, property or securities to which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article, and no
payments over pursuant to the provisions of this Article to the holders of Senior Indebtedness by Holders of the Securities or the Trustee, shall, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the
Securities, be deemed to be a payment or distribution by the Company to or on account of the Senior Indebtedness. 
  

	Section 16.7.	Provisions Solely to Define Relative Rights. 

 The provisions of this Article are and are intended solely for the purpose of defining the relative rights of the Holders of the Securities on the one hand and the holders of Senior Indebtedness on the
other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Securities is intended to or shall (a) impair, as among the Company, its creditors other than holders of Senior Indebtedness and the Holders of the
Securities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior Indebtedness, is intended to rank equally with all other general obligations of the
Company), to pay to the Holders of the Securities the principal of (and premium, if any) and interest on the Securities as and when the same shall become due and payable in accordance with their terms; or (b) affect the relative rights against
the Company of the Holders of the Securities and creditors of the Company other than the holders of Senior Indebtedness; or (c) prevent the Trustee or the Holder of any Security from exercising all remedies otherwise permitted by applicable law
upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Indebtedness to receive cash, property and securities otherwise payable or deliverable to the Trustee or such Holder. 

  
 - 78 -

	Section 16.8.	Trustee to Effectuate Subordination. 

 Each holder of a Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this
Article and appoints the Trustee his attorney-in-fact for any and all such purposes. 
  

	Section 16.9.	No Waiver of Subordination Provisions. 

 No right of any present or future holder of any Senior Indebtedness to enforce subordination as herein provided shall at any time 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 non-compliance by the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have
or be otherwise charged with. 
 Without in any way limiting the generality of the foregoing paragraph, the holders of Senior
Indebtedness may, at any time and from time to time, without the consent of or notice to the Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the
subordination provided in this Article or the obligations hereunder of the Holders of the Securities to the holders of Senior Indebtedness, do any one or more of the following: (i) change the manner, place or terms of payment or extend the time
of payment of, or renew or alter, Senior Indebtedness, or otherwise amend or supplement in any manner Senior Indebtedness or any instrument evidencing the same or any agreement under which Senior Indebtedness is outstanding; (ii) sell,
exchange, release or otherwise deal with any property pledged, mortgaged or otherwise securing Senior Indebtedness; (iii) release any Person liable in any manner for the collection of Senior Indebtedness; and (iv) exercise or refrain from
exercising any rights against the Company and any other Person. 
  

	Section 16.10.	Notice to Trustee. 

 The
Company shall give prompt written notice to the Trustee of any fact known to the Company which would prohibit the making of any payment to or by the Trustee in respect of the Securities. Notwithstanding the provisions of this Article or any other
provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts which would prohibit the making of any payment to or by the Trustee in respect of the Securities, unless and until the Trustee shall have
received written notice thereof from the Company or a holder of Senior Indebtedness or from any trustee therefor; and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Section 6.1, shall be entitled in
all respects to assume that no such facts exist. 
 Subject to the provisions of Section 6.1, the Trustee shall be entitled
to rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness (or a trustee therefor) to establish that such notice has been given by a holder of Senior Indebtedness (or a trustee therefor).
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 Senior Indebtedness to participate in any payment or distribution pursuant to this Article, the Trustee

  
 - 79 -

 
may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of 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, 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 16.11.	Reliance on Judicial Order or Certificate of Liquidating Agent. 

 Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee, subject to the provisions of Section 6.1, and the Holders of the Securities shall be entitled to
rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation, reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the
trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee for the benefit of creditors, agent or other Person making such payment or distribution, delivered to the Trustee or to the Holders of Securities, for the purpose of
ascertaining the Persons entitled to participate in such payment or distribution, the holders of the 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. 
  

	Section 16.12.	Trustee Not Fiduciary for Holders of Senior Indebtedness. 

 The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not be liable to any such holders if it shall in good faith mistakenly pay over or distribute to
Holders of Securities or to the Company or to any other Person cash, property or securities to which any holders of Senior Indebtedness shall be entitled by virtue of this Article or otherwise. 

 

	Section 16.13.	Rights of Trustee as Holder of Senior Indebtedness; Preservation of Trustee’s Rights. 

The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior
Indebtedness which may at any time be 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. 

Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.7. 

 

	Section 16.14.	Article Applicable to Paying Agents. 

 In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term “Trustee” as used in this Article shall in such case
(unless the context otherwise requires) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were named in this Article in addition to or in place of the
Trustee; provided, however, that Section 16.13 shall not apply to the Company or any Affiliate of the Company if it or such Affiliate acts as Paying Agent. 

  
 - 80 -

	Section 16.15.	Defeasance of this Article 16. 

 The subordination of the Securities provided by this Article 16 is expressly made subject to the provisions for defeasance in Section 4.2(2) hereof or covenant defeasance in Section 4.2(3)
hereof and, anything herein to the contrary notwithstanding, upon the effectiveness of any such defeasance or covenant defeasance, the Securities then outstanding shall thereupon cease to be subordinated pursuant to this Article 16.] 

[Intentionally left blank] 

  
 - 81 -

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed, and
their respective corporate seals to be hereunto affixed, all as of the day and year first above written. 
  

							
	[SEAL]	 		 	COINSTAR, INC.
				
	Attest:	 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
			
	[SEAL]	 		 	
		 		 	 ,

		 		 	as Trustee
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:

  
 - 82 -

 EXHIBIT A 

[If the Holder of this Security is a depository, such as The Depository Trust Company (“DTC”) or a nominee of DTC, this
Security is a Global Security and insert the following two legends: 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF
THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY (AS DEFINED IN THE INDENTURE) OR A NOMINEE THEREOF. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY
OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT 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, OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. 

UNLESS THE SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”),] TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF [CEDE & CO. OR IN] SUCH [OTHER] NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF [THE DEPOSITORY] [DTC] (AND ANY PAYMENT IS MADE TO [CEDE & CO. OR TO] SUCH [OTHER] ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF [THE DEPOSITORY] [DTC]), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF[, CEDE & CO.,] HAS AN INTEREST HEREIN.] 
 [Insert any applicable legend(s) required by the Internal Revenue Code]  
 NO.
            $                      

COINSTAR, INC. 
 [Designation of Series] 
 COINSTAR, INC., a Delaware corporation (hereinafter
called the “Company”, which term includes any successor corporation under the Indenture referred to below), for value received, hereby promises to pay to
                    , or registered assigns, the principal sum of
                     Dollars ($        ) on
                ,          [If the Security is to bear interest prior to Maturity, insert — , and to pay
interest thereon from          or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semiannually on
                     and
                     in each year, commencing
                    , [If the Security is to bear interest at a fixed rate, insert — at the rate of
        % per annum] [If the Security is to bear interest at an adjustable rate, insert — at a rate per annum computed or determined in accordance with the provisions below], until the principal
hereof is paid or made available for payment [If applicable, insert —, and (to the extent that the payment of such interest shall be legally enforceable) at the rate of         % per annum on

  
 - 83 -

 
any overdue principal and premium and on any overdue installment of interest from the dates such amounts are due until they are paid or made available for payment and such interest shall be
payable on demand]. [If applicable, insert — Interest on this Security shall be computed on the basis of a 360-day year of twelve 30-day months. If any Interest Payment Date or the maturity date falls on a day that is not a Business Day,
the required payment shall be made on the next Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or the maturity date, as
the case may be, to such next Business Day.] The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the regular record date for such interest, which shall be                      or
                     (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest which is
payable but not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the registered Holder hereof on the relevant regular record date by virtue or having been such holder, and may be paid to the
Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a subsequent special record date (which shall be at least 10 days before the payment date) for the payment of such defaulted
interest to be fixed by the Company, notice whereof shall be given to the Holders of Securities of this series not less than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with
the requirements of any securities exchange on which the Securities may be listed, and upon such notice as may be required by such exchange, all as more fully provided in such Indenture. 

[If the Security is not to bear interest prior to Maturity, insert — The principal of this Security shall not bear interest
except in the case of a default in payment of principal upon acceleration or redemption or at the Stated Maturity and in such case the overdue principal of this Security shall bear interest at the rate of
        % per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such default in payment to the date payment of such principal has been
made or duly provided for. Interest on any overdue principal shall be payable on demand. Any such interest on any overdue principal that is not so paid on demand shall bear interest at the rate of         %
per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such demand for payment to the date payment of such interest has been made or duly provided for, and such interest shall
also be payable on demand.] 
 Payment of the principal of and [If applicable, insert — any such] interest on this
Security will be made at the office or agency of the Company maintained for that purpose in The Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for
payment of public and private debts [If applicable, insert — ; provided, however, that, at the option of the Company, interest may be paid by check mailed to the address of the Person entitled thereto as such address shall appear in the
Security Register;] [If applicable, insert — provided, further, that payment to [DTC or] any [successor] depository may be made by wire transfer to the account designated by [DTC or] such [successor] depository in writing]. 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of 

  
 -84-

 
            , 20     (herein called, together with all indentures supplemental thereto, the “Indenture”),
between the Company and                     , as Trustee (herein called the “Trustee”, which term includes any successor trustee
under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders
of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof [, initially limited (subject to exceptions provided in the Indenture) to
the aggregate principal amount of $        ]. 
 [If applicable, insert —
The indebtedness evidenced by the Securities is, to the extent provided in the Indenture, subordinate and subject in right of payment to the prior payment in full of all indebtedness and obligations of the Company as are defined in the Indenture as
“Senior Indebtedness,” and this Security is issued subject to the provisions of the Indenture with respect thereto, and each Holder of this Security, by accepting the same, agrees to and shall be bound by such provisions. Each Holder of
this Security, by accepting the same, agrees that each holder of Senior Indebtedness, whether created or acquired before or after the issuance of this Security, shall be deemed conclusively to have relied on such subordination provisions in
acquiring and continuing to hold, or in continuing to hold, such Senior Indebtedness.] 
 [If the Security is not an Original
Issue Discount Security, insert — If an Event of Default with respect to the Securities shall occur and be continuing, the principal of the Securities may be declared due and payable in the manner and with the effect provided in the
Indenture.] 
 [If the Security is an Original Issue Discount Security, insert — If an Event of Default with respect
to Securities of this series shall occur and be continuing, an amount of principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to [insert
formula for determining the amount]. Upon payment (i) of the amount of principal so declared due and payable and (ii) of interest on any overdue principal, premium and interest (in each case to the extent that the payment of such
interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the principal of and premium and interest, if any, on the Securities of this series shall terminate.] 

[If applicable, insert — The Securities may not be redeemed prior to the Stated Maturity.] 

[If applicable, insert — The Securities are not subject to any sinking fund.] 

[If applicable, insert — The Securities are subject to redemption [(l) [If applicable, insert — on
                     in any year commencing with the year          and ending with the year
         through operation of the sinking fund for this series at a Redemption Price equal to 100% of the principal amount, and (2)] [If applicable, insert — at any time [on or after
                    ], as a whole or in part, at the election of the Company, at the following Redemption Prices (expressed as percentages of the
principal amount): if redeemed on or before             ,         % and if redeemed during the 12-month period beginning
                     of the years indicated at the Redemption Prices indicated below: 

 

			
	 Year
	  	Redemption Price
		  	
		  	
		  	

  
 -85-

 and thereafter at a Redemption Price equal to         % of the
principal amount, together in the case of any such redemption [If applicable, insert — (whether through operation of the sinking fund or otherwise)] with accrued interest to the Redemption Date; provided, however, that installments of
interest on this Security whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holder of this Security, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to
on the face hereof, all as provided in the Indenture.] 
 [If applicable, insert — The Securities are subject to
redemption (1) on                      in any year commencing with the year          and ending with the
year          through operation of the sinking fund for this series at the Redemption Prices for redemption through operation of the sinking fund (expressed as percentages of the principal amount) set forth in
the table below, and (2) at any time [on or after                     ], as a whole or in part, at the election of the Company, at the
Redemption Prices for redemption otherwise than through operation of the sinking fund (expressed as percentages of the principal amount) set forth in the table below: if redeemed during the 12-month period beginning
                     of the years indicated below: 
  

					
	 Year
	  	Redemption Price
for Redemption
through Operation
of the Sinking Fund	  	Redemption Price for
Redemption
Otherwise than
through Operation
of the Sinking Fund
		  		  	
		  		  	
		  		  	

 and thereafter at a Redemption Price equal to         % of the principal amount,
together in the case of any such redemption (whether through operation of the sinking fund or otherwise) with accrued interest to the Redemption Date; provided, however, that installments of interest on this Security whose Stated Maturity is on or
prior to such Redemption Date will be payable to the Holder of this Security, or one or more Predecessor Securities, of record at the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.]

 [If applicable, insert — Notwithstanding the foregoing, the Company may not, prior to
                    , redeem any Securities as contemplated by [Clause (2) of] the preceding paragraph as a part of, or in anticipation of, any
refunding operation by the application, directly or indirectly, of moneys borrowed having an interest cost to the Company (calculated in accordance with generally accepted financial practice) of less than
        % per annum.] 
 [If applicable, insert — The sinking fund for the
Securities provides for the redemption on                     in each year, beginning with the year         
and ending with the year         , of [not less than] $         [(“mandatory sinking fund”) and not more than
$        ] aggregate principal amount of the Securities of this series. [The Securities acquired or redeemed by the Company otherwise than through [mandatory] sinking fund payments may be credited against
subsequent [mandatory] sinking fund payments otherwise required to be made in the [describe order].]] 
 [If applicable,
insert — Notice of redemption will be given by mail to Holders of Securities, not less than 30 nor more than 60 days prior to the Redemption Date, all as provided in the Indenture.] 

  
 -86-

 [If applicable, insert — In the event of redemption of this Security in part
only, a new Security or Securities for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof.] 
 The Indenture contains provisions permitting, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the
Holders of the Securities of each series issued under the Indenture at any time by the Company and the Trustee with the written consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the time
Outstanding of each series affected thereby. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of any series at the time Outstanding, on behalf of the Holders of
all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Securities and of any Securities 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 Security. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security, at the times, place and rate, and in the coin or currency, herein and in the Indenture prescribed. 

As provided in the Indenture and subject to certain limitations set forth therein and in this Security, the transfer of this Security may
be registered on the Security Register upon surrender of this Security for registration of transfer at the office or agency of the Company maintained for that purpose in any place where the principal of and interest on this Security are payable,
duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or by his attorney duly authorized in writing, and thereupon one or more new
Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

[If applicable, insert — The Securities are issuable only in registered form [without coupons] in the denominations of
$         and any integral multiple thereof.] As provided in the Indenture and subject to certain limitations set forth in the Indenture, and in this Security, the Securities are exchangeable for a like
aggregate principal amount of Securities of this series in different authorized denominations, as requested by the Holders surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in
connection therewith, other than in certain cases provided in the Indenture. 
 Prior to due presentment of this Security for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither
the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

  
 -87-

 [If applicable, insert — The Indenture contains provisions whereby (i) the
Company may be discharged from its obligations with respect to the Securities (subject to certain exceptions) or (ii) the Company may be released from its obligations under specified covenants and agreements in the Indenture, in each case if
the Company irrevocably deposits with the Trustee money or Government Obligations, or a combination thereof, in an amount sufficient, without consideration of any reinvestment, to pay and discharge the entire indebtedness on all Securities of this
series, and satisfies certain other conditions, all as more fully provided in the Indenture.] 
 This Security shall be governed
by and construed in accordance with the laws of the State of New York applicable to agreements made or instruments entered into and, in each case, performed in said State. 
 All terms used in this Security without definition that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

[Remainder of Page Intentionally Left Blank] 

  
 -88-

 Unless the Certificate of Authentication hereon has been executed by or on behalf of the
Trustee under the Indenture by the manual signature of one of its authorized officers, this Security shall not be entitled to any benefits under the Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal. 

 

							
	 [SEAL]
	 		 	COINSTAR, INC.
				
		 		 	By:	 	
				
		 		 		 	Name:
		 		 		 	Title:
				
	 Attest:
	 		 		 	
				
		 		 	By:	 	  

				
		 		 		 	Name:
		 		 		 	Title:

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

									
		 		 	  
	 	,
				
		 		 	as Trustee	 	
				
	Dated:                     	 		 	By:	 	  

					
		 		 		 	Name:	 	
		 		 		 	Title:   Authorized Officer	 	

  
 - 89 -

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