Document:

Intercreditor Agreement

 Exhibit 4.5 

 
  
 INTERCREDITOR AGREEMENT 
 dated as of December 1, 2010 

among 
 JPMORGAN
CHASE BANK, N.A., 
 as ABL Representative, 
 DEUTSCHE BANK TRUST COMPANY AMERICAS, 
 as Note and Specified Hedge Representative,

 and 

THE LOAN PARTIES PARTY HERETO, 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 SECTION 1.
	 	 Definitions; Rules of Construction
	  	 	1	  
			
	 1.1
	 	 UCC Definitions
	  	 	1	  
	 1.2
	 	 Defined Terms
	  	 	1	  
	 1.3
	 	 Rules of Construction
	  	 	11	  
			
	 SECTION 2.
	 	 Lien Priority
	  	 	12	  
			
	 2.1
	 	 Lien Subordination
	  	 	12	  
	 2.2
	 	 Prohibition on Contesting Liens
	  	 	12	  
	 2.3
	 	 Nature of Obligations
	  	 	12	  
	 2.4
	 	 No New Liens
	  	 	13	  
	 2.5
	 	 Separate Grants of Security and Separate Classification
	  	 	13	  
	 2.6
	 	 Agreements Regarding Actions to Perfect Liens
	  	 	14	  
			
	 SECTION 3.
	 	 Enforcement Rights
	  	 	15	  
			
	 3.1
	 	 Exclusive Enforcement
	  	 	15	  
	 3.2
	 	 Standstill and Waivers
	  	 	15	  
	 3.3
	 	 Judgment Creditors
	  	 	16	  
	 3.4
	 	 Cooperation; Sharing of Information and Access
	  	 	16	  
	 3.5
	 	 No Additional Rights for the Loan Parties Hereunder
	  	 	18	  
	 3.6
	 	 Actions upon Breach
	  	 	19	  
			
	 SECTION 4.
	 	 Application of Proceeds of Senior Collateral; Dispositions and Releases of Lien; Notices and Insurance
	  	 	19	  
			
	 4.1
	 	 Application of Proceeds
	  	 	19	  
	 4.2
	 	 Releases of Liens
	  	 	20	  
	 4.3
	 	 Certain Real Property Notices; Insurance
	  	 	21	  
			
	 SECTION 5.
	 	 Insolvency Proceedings
	  	 	22	  
			
	 5.1
	 	 Filing of Motions
	  	 	22	  
	 5.2
	 	 Financing Matters
	  	 	22	  
	 5.3
	 	 Relief from the Automatic Stay
	  	 	24	  
	 5.4
	 	 Adequate Protection
	  	 	24	  
	 5.5
	 	 Avoidance Issues
	  	 	25	  
	 5.6
	 	 Asset Dispositions in an Insolvency Proceeding
	  	 	26	  
	 5.7
	 	 Other Matters
	  	 	26	  
	 5.8
	 	 Post-Petition Interest
	  	 	26	  
	 5.9
	 	 Effectiveness in Insolvency Proceedings
	  	 	26	  

  
 ii 

							
	 SECTION 6.
	 	 Note and Specified Hedge Documents and ABL Documents
	  	 	26	  
			
	 SECTION 7.
	 	 Purchase Options
	  	 	27	  
			
	 7.1
	 	 Notice of Exercise
	  	 	27	  
	 7.2
	 	 Purchase and Sale
	  	 	27	  
	 7.3
	 	 Payment of Purchase Price
	  	 	28	  
	 7.4
	 	 Limitation on Representations and Warranties
	  	 	29	  
			
	 SECTION 8.
	 	 Reliance; Waivers; etc.
	  	 	29	  
			
	 8.1
	 	 Reliance
	  	 	29	  
	 8.2
	 	 No Warranties or Liability
	  	 	29	  
	 8.3
	 	 No Waivers
	  	 	29	  
			
	 SECTION 9.
	 	 Obligations Unconditional
	  	 	29	  
			
	 SECTION 10.
	 	 Miscellaneous
	  	 	30	  
			
	 10.1
	 	 Rights of Subrogation
	  	 	30	  
	 10.2
	 	 Further Assurances
	  	 	30	  
	 10.3
	 	 Conflicts
	  	 	31	  
	 10.4
	 	 Continuing Nature of Provisions
	  	 	31	  
	 10.5
	 	 Amendments; Waivers; Refinancings
	  	 	32	  
	 10.6
	 	 Information Concerning Financial Condition of the Loan Parties
	  	 	33	  
	 10.7
	 	 Governing Law
	  	 	33	  
	 10.8
	 	 Submission to Jurisdiction; JURY TRIAL WAIVER
	  	 	33	  
	 10.9
	 	 Notices
	  	 	34	  
	 10.10
	 	 Successors and Assigns
	  	 	34	  
	 10.11
	 	 Headings
	  	 	34	  
	 10.12
	 	 Severability
	  	 	34	  
	 10.13
	 	 Other Remedies
	  	 	34	  
	 10.14
	 	 Counterparts; Integration; Effectiveness
	  	 	34	  
	 10.15
	 	 Additional Loan Parties
	  	 	34	  
	 10.16
	 	 Note and Specified Hedge Representative Entitled to Protections
	  	 	34	  

  
 iii

 Exhibit 4.5 
 This INTERCREDITOR AGREEMENT (this “Agreement”), dated as of December 1, 2010, among JPMorgan Chase Bank, N.A., as administrative agent for the ABL Secured Parties (as defined below)
(in such capacity, with its successors and assigns, and as more specifically defined below, the “ABL Representative”), Deutsche Bank Trust Company Americas, as collateral agent for the Note and Specified Hedge Secured Parties (as
defined below) (in such capacity, with its successors and assigns, the “Note and Specified Hedge Representative”) and each of the Loan Parties (as defined below) party hereto. 

WHEREAS, Northern Tier Energy LLC (“Holdings”), St. Paul Park Refining Co. LLC (“St. Paul”), Northern
Tier Bakery LLC, Northern Tier Retail LLC and SuperAmerica Franchising LLC (collectively, the “Initial Loan Parties” and each, an “Initial Loan Party”), the subsidiary guarantors, the ABL Representative and certain
financial institutions and other entities are parties to the Credit Agreement dated as of the date hereof (the “Existing ABL Agreement”), pursuant to which such financial institutions and other entities have agreed to make loans and
extend other financial accommodations to the Loan Parties; 
 WHEREAS, Holdings and Northern Tier Finance Corporation, as
co-issuers, have entered into an Indenture, dated as of the date hereof, with the noteholders from time to time party thereto and Deutsche Bank Trust Company Americas, as trustee for the noteholders and collateral agent (the “Existing
Indenture”), pursuant to which Holdings and Northern Tier Finance Corporation have issued the notes thereunder; 

WHEREAS, St. Paul, a subsidiary of Holdings, entered into an ISDA Master Agreement, dated October 6, 2010, relating to transactions
from time to time entered into thereunder, including by way of novation, such ISDA Master Agreement (collectively, as each may be amended, supplemented, amended and restated or otherwise modified and in effect from time to time, the “J. Aron
Hedge Agreement”) by and between J. Aron & Company and St. Paul, with the obligations of St. Paul under the J. Aron Hedge Agreement being guaranteed by each of the Loan Parties; 

WHEREAS, the Loan Parties have granted to the ABL Representative security interests and liens in the Collateral (as defined below) as
security for payment and performance of the ABL Obligations; and 
 WHEREAS, the Loan Parties have granted to the Note and
Specified Hedge Representative security interests and liens in the Collateral as security for payment and performance of the Note and Specified Hedge Obligations (as defined below). 

NOW THEREFORE, in consideration of the foregoing and the mutual covenants herein contained and other good and valuable consideration, the
existence and sufficiency of which is expressly recognized by all of the parties hereto, the parties agree as follows: 
 SECTION 1.
Definitions; Rules of Construction. 
 1.1 UCC Definitions. The following terms which are defined in the Uniform
Commercial Code are used herein as so defined: Accounts, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Documents, General Intangibles, Instruments, Investment Property, Letter of Credit Rights, Proceeds, Records, Securities Account and
Supporting Obligations. 
 1.2 Defined Terms. The following terms, as used herein, have the following meanings:

 “ABL Agreement” is the collective reference to (a) the Existing ABL Agreement,
(b) any Additional ABL Agreement and (c) any other credit agreement, loan agreement, note agreement, 

 
promissory note, indenture or other agreement or instrument evidencing or governing the terms of any indebtedness or other financial accommodation that has at any time been incurred to extend,
replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding under the Existing ABL Agreement (regardless of whether such replacement, refunding or refinancing (i) is a “working capital”
facility, asset-based facility, revolving loan facility, term loan facility or otherwise or (ii) was entered into after the ABL Obligations Discharge Date), any Additional ABL Agreement or any other agreement or instrument referred to in this
clause (c) unless such agreement or instrument expressly provides that it is not intended to be and is not an ABL Agreement hereunder (a “Replacement ABL Agreement”). Any reference to the ABL Agreement hereunder shall be deemed
a reference to any ABL Agreement then extant. 
 “ABL Collateral” means all Collateral
consisting of the following: 
 (1) all Inventory; 

(2) all Receivables (including tax refunds); 

(3) to the extent evidencing or governing any of the items referred to in the preceding clauses (1) and
(2), all Investment Property, Chattel Paper, Documents, Instruments, General Intangibles (other than Intellectual Property), Deposit Accounts (other than Excluded Accounts), Securities Accounts and cash and cash equivalents related thereto;

 (4) all books and Records relating to the foregoing (including all books, databases, customer lists and
Records, whether tangible or electronic, which contain any information relating to any of the foregoing); and 

(5) all Proceeds of and Supporting Obligations, including Letter of Credit Rights, with respect to any of the foregoing
and all collateral security and guarantees given by any Person with respect to any of the foregoing. 

Notwithstanding the foregoing, the ABL Collateral shall not include: (a) Prepayment Accounts and all cash, cash
equivalents, financial assets, negotiable instruments and other evidence of payment, and other funds on deposit therein or credited thereto, (b) Proceeds of Note and Specified Hedge Collateral received in respect of an Enforcement Action or
during an Insolvency Proceeding, (c) obligations owing by Holdings or its Subsidiaries to Holdings or any other Subsidiary and (d) Proceeds required to be applied to the mandatory prepayment of the Note and Specified Hedge Obligations
pursuant to the Indenture Documents or to be deposited into a Prepayment Account, so long as such prepayment is permitted by the Existing ABL Agreement. 
 “ABL Creditors” means, collectively, the “Lenders” and the “Secured Parties”, each as defined in the ABL Documents. 

“ABL DIP Financing” has the meaning set forth in Section 5.2(a). 

“ABL Documents” means the ABL Agreement, each ABL Security Document, each ABL Guarantee and each other
“Loan Document” as defined in the ABL Agreement (other than this Agreement). 
 “ABL
Guarantee” means any guarantee by any Loan Party of any or all of the ABL Obligations. 

  
 2 

 “ABL Lien” means any Lien created by the ABL Security
Documents. 
 “ABL Obligations” means (a) all principal of and interest (including any
Post-Petition Interest) and premium (if any) on all loans made pursuant to the ABL Agreement or any ABL DIP Financing by the ABL Creditors, (b) all reimbursement obligations (if any) and interest thereon (including any Post-Petition Interest)
with respect to any letter of credit or similar instruments issued pursuant to the ABL Agreement, (c) all Secured ABL Swap Obligations, (d) all Banking Services Obligations and (e) all guarantee obligations, indemnities, fees,
expenses and other amounts payable from time to time pursuant to the ABL Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any ABL Obligation (whether by or on behalf
of any Loan Party, as Proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent transfer or a preference in any respect, set aside or required to be paid to an estate of a Loan Party, then the obligation
or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the ABL Secured Parties and the Note and Specified Hedge Secured Parties, be deemed to be reinstated and outstanding as
if such payment had not occurred. 
 “ABL Obligations Discharge Date” means the first date on
which (a) the ABL Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full (or cash collateralized or defeased in accordance with the terms of the ABL Documents), (b) all
commitments to extend credit under the ABL Documents have been terminated, (c) there are no outstanding letters of credit or similar instruments issued under the ABL Documents (other than such as have been cash collateralized or defeased in
accordance with the terms of the ABL Documents or otherwise in a manner satisfactory to the applicable issuing banks) and (d) so long as the Note and Specified Hedge Obligations Discharge Date shall not have occurred, the ABL Representative has
delivered a written notice to the Note and Specified Hedge Representative stating that the events described in clauses (a), (b) and (c) have occurred to the satisfaction of the ABL Secured Parties. 

“ABL Representative” has the meaning set forth in the introductory paragraph hereof. In the case of any
Replacement ABL Agreement, the ABL Representative shall be the Person identified as such in such Agreement. 

“ABL Secured Parties” means the ABL Representative, the ABL Creditors and any other holders of the ABL
Obligations. 
 “ABL Security Documents” means the “Collateral Documents” as defined
in the ABL Agreement and any other documents that are designated under the ABL Agreement as “ABL Security Documents” for purposes of this Agreement. 
 “ABL Swap Obligations” means, with respect to any Loan Party, any obligations of such Loan Party, whether absolute or contingent and howsoever and whensoever created, arising, evidenced
or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), owed to any ABL Creditor (or any of its affiliates) in respect of any swap, forward, future or derivative transaction or option or similar
agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions or any and all cancellations, buy backs, reversals, terminations or assignments of any these transactions. 

  
 3 

 “Access Period” means, with respect to each parcel or item
of Note and Specified Hedge Collateral, the period, following the commencement of any Enforcement Action, which begins on the earlier of (a) the day on which the ABL Representative provides the Note and Specified Hedge Representative with the
notice of its election to request access to such parcel or item of Note and Specified Hedge Collateral pursuant to Section 3.4(c) and (b) the fifth Business Day after the Note and Specified Hedge Representative provides the ABL
Representative with notice that the Note and Specified Hedge Representative (or its agent) has obtained possession or control of such parcel or item of Note and Specified Hedge Collateral and ends on the earliest of (i) the day which is 180
days after the date (the “Initial Access Date”) on which the ABL Representative initially is permitted the ability (regardless of whether the ABL Representative exercises such ability on such Initial Access Date) to take physical
possession of, remove or otherwise control, on a non-exclusive basis, physical access to, or actually uses, such parcel or item of Note and Specified Hedge Collateral plus such number of days, if any, after the Initial Access Date that it is stayed
or otherwise prohibited by law or court order from exercising remedies with respect to associated ABL Collateral, (ii) the date on which all or substantially all of the ABL Collateral associated with such parcel or item of Note and Specified
Hedge Collateral is sold, collected or liquidated, (iii) the ABL Obligations Discharge Date and (iv) the date on which the default which resulted in such Enforcement Action has been cured or waived in writing. 

“Additional ABL Agreement” means any agreement evidencing or governing the incurrence of additional
indebtedness that is permitted to be secured by the ABL Collateral on a pari passu basis with other ABL Obligations and treated as an ABL Agreement pursuant to the ABL Agreement and any agreement approved for designation as such by the ABL
Representative and the Note and Specified Hedge Representative. 
 “Additional Debt” has the
meaning set forth in Section 10.5(b). 
 “Additional Note and Specified Hedge
Agreement” means any credit agreement, indenture, loan agreement, note agreement, promissory note, hedge agreement or other agreement or instrument evidencing or governing any “Additional Secured Debt” as defined in the Note and
Specified Hedge Collateral Trust Agreement. 
 “Agreement” has the meaning set forth in the
introductory paragraph hereof. 
 “Banking Services Obligations” means, with respect to any Loan
Party, any obligations of such Loan Party, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), owed to any ABL
Creditor (or any of its affiliates) in respect of the following bank services: (a) commercial credit cards, (b) stored value cards, (c) treasury management services (including controlled disbursement, automated clearinghouse
transactions, return items, overdrafts and interstate depository network services) and (d) any other demand deposit or operating account relationships or other cash management services. 

“Bankruptcy Code” means the United States Bankruptcy Code (11 U.S.C. §101 et seq.), as amended from
time to time. 
 “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. 

“Collateral” means, collectively, all property upon which a Lien is granted pursuant to the Security
Documents. 

  
 4 

 “Comparable Security Document” means, in relation to any
Senior Collateral subject to any Senior Security Document, that Junior Security Document (if any) that creates a security interest in the same Senior Collateral, granted by the same Loan Party, as applicable. 

“Copyrights” means, with respect to any Person, all of such Person’s right, title, and interest in
and to the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright, copyright registrations, and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties,
damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments for past or future infringements for any of the foregoing; (d) the right to sue for past, present, and
future infringements of any of the foregoing; and (e) all rights corresponding to any of the foregoing throughout the world. 
 “Domestic Subsidiary” means any Subsidiary organized under the laws of the United States of America, any State thereof or the District of Columbia. 

“Enforcement Action” means, with respect to the ABL Obligations or the Note and Specified Hedge
Obligations, the exercise of any rights and remedies with respect to any Collateral securing such obligations or the commencement or prosecution of enforcement of any of the rights and remedies under, as applicable, the ABL Documents or the Note and
Specified Hedge Documents, or applicable law, including the exercise of any rights of set-off or recoupment, and the exercise of any rights or remedies of a secured creditor under the Uniform Commercial Code of any applicable jurisdiction or under
the Bankruptcy Code, in the understanding that the commencement and continuation of a “Liquidity Event” (as defined in the Existing ABL Security Agreement) by itself shall not constitute an Enforcement Action. 

“Equity Interests” means any and all shares, interests, participations or other equivalents (however
designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or
other arrangements or rights to acquire any of the foregoing. 
 “Excluded Accounts” has the
meaning set forth in the Existing ABL Agreement. 
 “Excluded Assets” (a) with respect to
the ABL Liens, has the meaning set forth in the Existing ABL Security Agreement and (b) with respect to the Note and Specified Hedge Liens, has the meaning set forth in the Existing Notes Security Agreement. 

“Existing ABL Agreement” has the meaning set forth in the first WHEREAS clause of this Agreement.

 “Existing ABL Security Agreement” means the “Security Agreement” as defined in the
Existing ABL Agreement. 
 “Existing Indenture” has the meaning set forth in the second WHEREAS
clause of this Agreement. 
 “Existing Notes Security Agreement” means the Pledge and Security
Agreement, dated as of the date hereof, by and among Holdings, Northern Tier Finance Corporation, the subsidiary guarantors from time to time party thereto and the Note and Specified Hedge Representative. 

  
 5 

 “Hedging Obligations” means (a) Secured ABL Swap
Obligations and (b) Specified Hedge Obligations that constitute “Secured Debt” as defined in the Note and Specified Hedge Collateral Trust Agreement. 

“Holdings” has the meaning set forth in the first WHEREAS clause of this Agreement. 

“Indenture Documents” means the Senior Secured Notes Documents (as defined in the Existing Notes Security
Agreement) and any Additional Note and Specified Hedge Agreement governing any “Additional Secured Debt” (as defined in the Note and Specified Hedge Collateral Trust Agreement) other than any Hedging Obligation. 

“Initial Loan Party” has the meaning set forth in the first WHEREAS clause of this Agreement. 

“Insolvency Proceeding” means (a) any voluntary or involuntary case or proceeding under the
Bankruptcy Code with respect to any Person, (b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding with respect to
any Person or with respect to a material portion of its assets, (c) any liquidation, dissolution, reorganization or winding up of any Person whether voluntary or involuntary and whether or not involving insolvency or bankruptcy, or (d) any
assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Person. 

“Intellectual Property” means, with respect to any Person, all intellectual and similar property of every
kind and nature now owned or hereafter acquired by such Person, including without limitation, Patents, Copyrights, Trademarks, trade secrets, proprietary information and all related registrations and applications, all income, royalties, damages,
claims, and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past and future infringements thereof; and all rights to sue for past, present, and future infringements
thereof. 
 “Inventory” has the meaning set forth in the Existing ABL Agreement. 

“J. Aron Hedge Agreement” has the meaning set forth in the third WHEREAS clause of this Agreement.

 “Junior Collateral” means, with respect to any Junior Secured Party, any Collateral on which
it has a Junior Lien. 
 “Junior Documents” means (a) with respect to any Junior
Obligations that are Note and Specified Hedge Obligations, the Note and Specified Hedge Documents and (b) with respect to any Junior Obligations that are ABL Obligations, the ABL Documents. 

“Junior Liens” means (a) with respect to any ABL Collateral, all Liens securing the Note and
Specified Hedge Obligations and (b) with respect to any Note and Specified Hedge Collateral, all Liens securing the ABL Obligations. 
 “Junior Obligations” means (a) with respect to any ABL Collateral, all Note and Specified Hedge Obligations and (b) with respect to any Note and Specified Hedge Collateral, all
ABL Obligations. 

  
 6 

 “Junior Representative” means (a) with respect to any
ABL Obligations or any ABL Collateral, the Note and Specified Hedge Representative and (b) with respect to any Note and Specified Hedge Obligations or any Note and Specified Hedge Collateral, the ABL Representative. 

“Junior Secured Parties” means (a) with respect to the ABL Collateral, all Note and Specified Hedge
Secured Parties and (b) with respect to the Note and Specified Hedge Collateral, all ABL Secured Parties. 

“Junior Security Documents” means, with respect to any Junior Secured Party, the Security Documents that
secure the Junior Obligations. 
 “Licenses” means, with respect to any Person, all of such
Person’s right, title, and interest in and to any and all written licensing agreements or similar arrangements in and to its owned Intellectual Property, including all income, royalties, damages, claims, and payments now or hereafter due or
payable under and with respect thereto, including, without limitation, damages and payments for past and future breaches thereof, and all rights to sue for past, present, and future breaches thereof. 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, deed to secure debt, lien,
pledge, hypothecation, assignment, assignation, debenture, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such
securities. 
 “Lien Priority” means, with respect to any Lien of the ABL Representative or Note
and Specified Hedge Representative in the Collateral, the order of priority of such Lien specified in Section 2.1. 
 “Loan Documents” means, collectively, the ABL Documents and the Note and Specified Hedge Documents. 

“Loan Party” means the Initial Loan Parties and each wholly owned Domestic Subsidiary of Holdings (other
than the Initial Loan Parties) that is now or hereafter becomes a party to any ABL Document or any Note and Specified Hedge Document, in each case as a direct obligor or guarantor of the ABL Obligations or Note and Specified Hedge Obligations, as
applicable. All references in this Agreement to any Loan Party shall include such Loan Party as a debtor-in-possession and any receiver or trustee for such Loan Party in any Insolvency Proceeding. 

“Note and Specified Hedge Agreement” is the collective reference to (a) the Existing Indenture,
(b) the J. Aron Hedge Agreement, (c) any Additional Note and Specified Hedge Agreement and (d) any other credit agreement, loan agreement, note agreement, promissory note, indenture, hedge agreement or other agreement or instrument
evidencing or governing the terms of any indebtedness or other financial accommodation that has at any time been incurred to extend, replace, refinance or refund in whole or in part the indebtedness and other obligations outstanding under the
Existing Indenture (regardless of whether such replacement, refunding or refinancing (i) is a “working capital” facility, asset-based facility, revolving loan facility, term loan facility or otherwise or (ii) was entered into
after the Note and Specified Hedge Obligations Discharge Date), the J. Aron Hedge Agreement, any Additional Note and Specified Hedge 

  
 7 

 
Agreement or any other agreement or instrument referred to in this clause (c), as the case may be, unless such agreement or instrument expressly provides that it is not intended to be and is not
a Note and Specified Hedge Agreement hereunder (a “Replacement Note and Specified Hedge Agreement”). Any reference to the Note and Specified Hedge Agreement hereunder shall be deemed a reference to any Note and Specified Hedge
Agreement then extant. 
 “Note and Specified Hedge Collateral” means all Collateral other than
the ABL Collateral. 
 “Note and Specified Hedge Collateral Trust Agreement” means the
Collateral Trust and Intercreditor Agreement by and among Holdings, the other grantors from time to time party thereto, Deutsche Bank Trust Company Americas, as trustee and collateral agent under the Existing Indenture, J. Aron & Company,
as hedging counterparty under the J. Aron Hedge Agreement and representatives of any other series of Note and Specified Hedge Obligations. 
 “Note and Specified Hedge Creditors” means, collectively, the “Secured Parties” as defined in the Note and Specified Hedge Documents. 

“Note and Specified Hedge Documents” means the Note and Specified Hedge Agreement, each Note and
Specified Hedge Security Document and each other “Secured Debt Document” as defined in the Note and Specified Hedge Agreement (other than this Agreement). 

“Note and Specified Hedge Guarantee” means any guarantee by any Loan Party of any or all of the Note and
Specified Hedge Obligations. 
 “Note and Specified Hedge Lien” means any Lien created by the
Note and Specified Hedge Security Documents. 
 “Note and Specified Hedge Obligations” means
(a) all principal of, and interest (including any Post-Petition Interest) and premium (if any) on, all indebtedness incurred or issued pursuant to any Note and Specified Hedge Agreement and any Note DIP Financing by the Note and Specified Hedge
Creditors and (b) all guarantee obligations, indemnities, fees, expenses and other amounts payable from time to time pursuant to any Note and Specified Hedge Document, in each case whether or not allowed or allowable in an Insolvency Proceeding
(including, for the avoidance of doubt, any Specified Hedge Obligations). To the extent any payment with respect to any Note and Specified Hedge Obligation (whether by or on behalf of any Loan Party, as Proceeds of security, enforcement of any right
of setoff or otherwise) is declared to be a fraudulent transfer or a preference in any respect, set aside or required to be paid to an estate of a Loan Party, then the obligation or part thereof originally intended to be satisfied shall, for the
purposes of this Agreement and the rights and obligations of the ABL Secured Parties and the Note and Specified Hedge Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred. 

“Note and Specified Hedge Obligations Discharge Date” means the first date on which (a) the Note and
Specified Hedge Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full and (b) so long as the ABL Obligations Discharge Date shall not have occurred, the Note and Specified
Hedge Representative has delivered a written notice to the ABL Representative stating that the event described in clause (a) has occurred to the satisfaction of the Note and Specified Hedge Secured Parties. 

  
 8 

 “Note and Specified Hedge Representative” has the meaning
set forth in the introductory paragraph hereof. 
 “Note and Specified Hedge Secured Parties”
means the Note and Specified Hedge Representative, the Note and Specified Hedge Creditors and any other holders of the Note and Specified Hedge Obligations. 
 “Note and Specified Hedge Security Documents” means the “Security Documents” as defined in the Note and Specified Hedge Collateral Trust Agreement and any other documents that
are designated under the Note and Specified Hedge Documents as “Note and Specified Hedge Security Documents” for purposes of this Agreement. 
 “Note DIP Financing” has the meaning set forth in Section 5.2(b). 
 “Patents” means, with respect to any Person, all of such Person’s right, title, and interest in and to: (a) any and all patents and patent applications; (b) all inventions
and improvements described and claimed therein; (c) all reissues, divisions, continuations, renewals, extensions, and continuations-in-part thereof; (d) all income, royalties, damages, claims, and payments now or hereafter due or payable
under and with respect thereto, including, without limitation, damages and payments for past and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights corresponding to
any of the foregoing throughout the world. 
 “Person” means any person, individual, sole
proprietorship, partnership, joint venture, corporation, limited liability company, unincorporated organization, association, institution, entity, party, including any government and any political subdivision, agency or instrumentality thereof.

 “Post-Petition Interest” means any interest or entitlement to fees, costs or charges that
accrue during an Insolvency Proceeding (or would accrue but for the commencement of an Insolvency Proceeding), whether or not allowed or allowable in any such Insolvency Proceeding. 

“Prepayment Account” means any Deposit Account or Securities Account established and maintained for the
sole purpose of depositing the net cash proceeds of any Loan Party with respect to any asset sale, incurrence of indebtedness or casualty or condemnation event pending the application of such proceeds to the prepayment of debt under any Indenture
Document in accordance with the mandatory prepayment provisions thereof. 
 “Receivables” means
the Accounts, Chattel Paper, Documents, Investment Property, Instrument and any other rights or claims to receive money that are General Intangibles that are otherwise included as Collateral. 

“Real Property” means any right, title or interest in and to real property, including any fee interest,
leasehold interest, easement, or license and any other right to use or occupy real property, including any right arising by contract. 
 “Replacement ABL Agreement” has the meaning set forth in the definition of “ABL Agreement.” 

“Replacement Note and Specified Hedge Agreement” has the meaning set forth in the definition of
“Note and Specified Hedge Agreement.” 

  
 9 

 “Secured ABL Swap Obligation” means the ABL Swap
Obligations of a Loan Party in connection with any “Swap Agreement” (as defined in the ABL Agreement) entered into between such Loan Party and any ABL Creditor (or its affiliate) at the time such Swap Agreement is entered into, which is
designated by an Initial Loan Party and such ABL Creditor or other Person party thereto as a Swap Agreement whose obligations will constitute Secured ABL Swap Obligations under the ABL Agreement in a notice delivered to the ABL Representative (it
being understood that any ABL Swap Obligation of a Loan Party to the ABL Representative or its affiliate will be a Secured ABL Swap Obligation unless notice is delivered to the contrary) to the extent such ABL Swap Obligations are permitted to be
and are designated as obligations secured by the ABL Collateral pursuant to the terms of the ABL Agreement. 

“Secured Obligations” means the ABL Obligations and the Note and Specified Hedge Obligations. 

“Secured Parties” means the ABL Secured Parties and the Note and Specified Hedge Secured Parties.

 “Security Documents” means, collectively, the ABL Security Documents and the Note and
Specified Hedge Security Documents. 
 “Senior Collateral” means with respect to any Senior
Secured Party, any Collateral on which it has a Senior Lien. 
 “Senior Documents” means,
(a) with respect to any Senior Obligations that are ABL Obligations, the ABL Documents and (b) with respect to any Senior Obligations that are Note and Specified Hedge Obligations, the Note and Specified Hedge Documents. 

“Senior Liens” means (a) with respect to the ABL Collateral, all Liens securing the ABL Obligations
and (b) with respect to the Note and Specified Hedge Collateral, all Liens securing the Note and Specified Hedge Obligations. 
 “Senior Obligations Discharge Date” means (a) with respect to ABL Obligations, the ABL Obligations Discharge Date and (b) with respect to any Note and Specified Hedge
Obligations, the Note and Specified Hedge Obligations Discharge Date. 
 “Senior Obligations”
means (a) with respect to any ABL Collateral, all ABL Obligations and (b) with respect to any Note and Specified Hedge Collateral, all Note and Specified Hedge Obligations. 

“Senior Representative” means (a) with respect to any ABL Collateral, the ABL Representative and
(b) with respect to any Note and Specified Hedge Collateral, the Note and Specified Hedge Representative. 

“Senior Secured Parties” means (a) with respect to the ABL Collateral, all ABL Secured Parties and
(b) with respect to the Note and Specified Hedge Collateral, all Note and Specified Hedge Secured Parties. 

“Senior Security Documents” means with respect to any Senior Secured Party, the Security Documents that
secure the Senior Obligations. 

  
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 “Separate Collateral” means the “Separate
Collateral” as defined in the Note and Specified Hedge Collateral Trust Agreement. 
 “Specified
Hedge Obligations” means the “Hedge Agreement Obligations” as defined in the Note and Specified Hedge Collateral Trust Agreement. 
 “Standstill Period” has the meaning set forth in Section 3.2. 
 “Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other business entity of which more than 50% of the
total voting power of the Equity Interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having
the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by such Person, one or more of the other Subsidiaries of such Person or a combination thereof;
provided that in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding.

 “Trademarks” means, with respect to any Person, all of such Person’s right, title, and
interest in and to the following: (a) all trademarks (including service marks), trade names, trade dress, domain names and trade styles and the registrations and applications for registration thereof and the goodwill of the business symbolized
by the foregoing; (b) all renewals of the foregoing; (c) all income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages, claims, and payments for past and future
infringements thereof; (d) all rights to sue for past, present, and future infringements of the foregoing, including the right to settle suits involving claims and demands for royalties owing; and (e) all rights corresponding to any of the
foregoing throughout the world. 
 “Unasserted Contingent Obligations” means, at any time, ABL
Obligations or Note and Specified Hedge Obligations, as applicable, for taxes, costs, indemnifications, reimbursements, damages and other liabilities (excluding the principal of, and interest and premium (if any) on, and fees and expenses relating
to, any ABL Obligation or Note and Specified Hedge Obligation, as applicable, and contingent reimbursement obligations in respect of amounts that may be drawn under outstanding letters of credit) in respect of which no assertion of liability
(whether oral or written) and no claim or demand for payment (whether oral or written) has been made (and, in the case of ABL Obligations or Note and Specified Hedge Obligations, as applicable, for indemnification, no notice for indemnification has
been issued by the indemnitee) at such time. 
 “Uniform Commercial Code” means the Uniform
Commercial Code as in effect from time to time in the applicable jurisdiction. 
 1.3 Rules of Construction. 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 agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented,
extended, renewed, restated, replaced or otherwise modified (subject to any restrictions on such amendments, supplements, extensions, renewals, restatements, replacements or modifications set forth

  
 11 

 
herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (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 and (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. 
 SECTION 2. Lien
Priority. 
 2.1 Lien Subordination. Notwithstanding the date, manner or order of grant, attachment or perfection of
any Junior Lien in respect of any Collateral or of any Senior Lien in respect of any Collateral and notwithstanding any provision of the UCC, any applicable law, any Security Document, any alleged or actual defect or deficiency in any of the
foregoing or any other circumstance whatsoever, the Junior Representative, on behalf of each Junior Secured Party, in respect of such Collateral hereby agrees that: 

(a) any Senior Lien in respect of such Collateral, regardless of how acquired, whether by grant, statute, operation of
law, subrogation or otherwise, shall be and shall remain senior and prior to any Junior Lien in respect of such Collateral (whether or not such Senior Lien is subordinated to any Lien securing any other obligation); and 

(b) any Junior Lien in respect of such Collateral, regardless of how acquired, whether by grant, statute, operation of
law, subrogation or otherwise, shall be junior and subordinate in all respects to any Senior Lien in respect of such Collateral. 
 2.2 Prohibition on Contesting Liens. In respect of any Collateral, the Junior Representative, on behalf of each Junior Secured Party, agrees that it shall not, and hereby waives any right to:

 (a) contest, or support any other Person in contesting, in any proceeding (including any Insolvency
Proceeding), the priority, validity or enforceability of any Senior Lien on such Collateral; or 
 (b) demand,
request, plead or otherwise assert or claim the benefit of any marshalling, appraisal, valuation or similar right which it may have in respect of such Collateral or the Senior Liens on such Collateral, except to the extent that such rights are
expressly granted in this Agreement. 
 2.3 Nature of Obligations. The Note and Specified Hedge Representative on behalf
of itself and the other Note and Specified Hedge Secured Parties acknowledges that a portion of the ABL Obligations represents debt that is revolving in nature and that the amount thereof that may be outstanding at any time or from time to time may
be increased, reduced or repaid and subsequently reborrowed, and that the terms of the ABL Obligations and any ABL Agreement or any provision thereof may be waived, modified, extended, amended, restated or supplemented in accordance with the terms
thereof from time to time, and that the aggregate amount of the ABL Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the Note and Specified Hedge Secured Parties and without affecting the
provisions hereof. The ABL Representative on behalf of itself and the other ABL Secured Parties acknowledges that Note and Specified Hedge Obligations may be replaced or refinanced and the amount of any Note and Specified Hedge Obligation may be
increased, reduced, or repaid, and any Note and Specified Hedge Document or any provision thereof may be waived, modified, extended, amended, restated or supplemented in accordance with the terms thereof from time to time, and that the aggregate

  
 12 

 
amount of the Note and Specified Hedge Obligations may be increased, replaced or refinanced, in each event, without notice to or consent by the ABL Secured Parties and without affecting the
provisions hereof. The Lien Priorities provided in Section 2.1 shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or
refinancing of either the ABL Obligations or the Note and Specified Hedge Obligations, or any portion thereof. The provisions of this Section 2.3 are not intended to constitute a waiver of any restrictions (i) contained in the ABL
Agreement applicable to the amount or terms of the Note and Specified Hedge Obligations or (ii) contained in the Note and Specified Hedge Agreement applicable to the amount or terms of the ABL Obligations. 

2.4 No New Liens. (a) Until the ABL Obligations Discharge Date, no Note and Specified Hedge Secured Party shall acquire or hold
any Lien on any assets of any Loan Party securing any Note and Specified Hedge Obligation which assets are not also subject to the Lien of the ABL Representative under the ABL Documents (other than Liens granted with respect to the Separate
Collateral), subject to the Lien Priority set forth herein. If any Note and Specified Hedge Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any assets of any Loan Party securing any Note and Specified Hedge
Obligation which assets are not also subject to the Lien of the ABL Representative under the ABL Documents (other than Liens granted with respect to the Separate Collateral), subject to the Lien Priority set forth herein, then the Note and Specified
Hedge Representative (or the relevant Note and Specified Hedge Secured Party) shall, without the need for any further consent of any other Note and Specified Hedge Secured Party and notwithstanding anything to the contrary in any other Note and
Specified Hedge Document, be deemed to also hold and have held such lien for the benefit of the ABL Representative as security for the ABL Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify the ABL
Representative in writing of the existence of such Lien. For the avoidance of doubt, the ABL Secured Parties shall not have any claim with respect to the Separate Collateral. 
 (b) Until the Note and Specified Hedge Obligations Discharge Date, no ABL Secured Party shall acquire or hold any Lien on any assets of any Loan Party securing any ABL Obligation which assets are not also
subject to a Lien under the Note and Specified Hedge Documents, subject to the Lien Priority set forth herein. If any ABL Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any assets of any Loan Party securing any
ABL Obligation which assets are not also subject to a Lien of the Note and Specified Hedge Representative under the Note and Specified Hedge Documents, subject to the Lien Priority set forth herein, then the ABL Representative (or the relevant ABL
Secured Party) shall, without the need for any further consent of any other ABL Secured Party and notwithstanding anything to the contrary in any other ABL Document, be deemed to also hold and have held such lien for the benefit of the Note and
Specified Hedge Representative as security for the Note and Specified Hedge Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify the Note and Specified Hedge Representative in writing of the existence of such
Lien. 
 2.5 Separate Grants of Security and Separate Classification. Each Secured Party acknowledges and agrees that
(a) the grants of Liens pursuant to the ABL Security Documents and the Note and Specified Hedge Security Documents constitute two separate and distinct grants of Liens and (b) because of, among other things, their differing rights in the
Collateral, the Note and Specified Hedge Obligations are fundamentally different from the ABL Obligations and should be separately classified in any plan of reorganization, plan of liquidation or similar plan proposed or adopted in an Insolvency
Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the ABL Obligations and the Note and Specified Hedge Obligations constitute claims in the same class (rather than
separate classes of secured claims), then the ABL Secured Parties and the Note and Specified Hedge Secured Parties hereby acknowledge and agree that all distributions shall be made as if there were separate classes of ABL Obligations and Note and
Specified Hedge 

  
 13 

 
Obligations against the Loan Parties (with the effect being that, to the extent that the aggregate value of the ABL Collateral or Note and Specified Hedge Collateral is sufficient (for this
purpose ignoring all claims held by the other Secured Parties)), the ABL Secured Parties or the Note and Specified Hedge Secured Parties, respectively, shall be entitled to receive, in addition to amounts distributed to them in respect of principal,
pre-petition interest and other claims, all amounts owing in respect of Post-Petition Interest that are available from each pool of priority collateral for each of the ABL Secured Parties and the Note and Specified Hedge Secured Parties,
respectively, before any distribution is made in respect of the claims held by the other Secured Parties, with the other Secured Parties hereby acknowledging and agreeing to turn over to the respective other Secured Parties amounts otherwise
received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries. 
 2.6 Agreements Regarding Actions to Perfect Liens. (a) The ABL Representative agrees on behalf of itself and the other ABL Secured Parties that all mortgages, deeds of trust, deeds and similar
instruments now or hereafter filed against Real Property in favor of or for the benefit of the ABL Representative shall contain the following notation: “The lien created by this mortgage on the property described herein is junior and
subordinate to the lien on such property created by any mortgage, deed of trust or similar instrument now or hereafter granted to Deutsche Bank Trust Company Americas, as Note and Specified Hedge Representative, in accordance with the provisions of
the Intercreditor Agreement dated as of December 1, 2010, as amended from time to time.” 
 (b) Each of the ABL
Representative and the Note and Specified Hedge Representative hereby acknowledges that, to the extent that it holds, or a third party holds on its behalf, physical possession of or “control” (as defined in the Uniform Commercial Code)
over Collateral pursuant to the ABL Security Documents or the Note and Specified Hedge Security Documents, as applicable, such possession or control is also for the benefit of the Note and Specified Hedge Representative and the other Note and
Specified Hedge Secured Parties or the ABL Representative and the other ABL Secured Parties, as applicable, solely to the extent required to perfect their security interest (if any) in such Collateral; provided that control by the Note and
Specified Hedge Representative of the Prepayment Account shall not be for the benefit of the ABL Representative and the other ABL Secured Parties. Nothing in the preceding sentence shall be construed to impose any duty on the ABL Representative or
the Note and Specified Hedge Representative (or any third party acting on either such Person’s behalf) with respect to such Collateral or provide the Note and Specified Hedge Representative, any other Note and Specified Hedge Secured Party, the
ABL Representative or any other ABL Secured Party, as applicable, with any rights with respect to such Collateral beyond those specified in this Agreement, the ABL Security Documents and the Note and Specified Hedge Security Documents, as
applicable; provided that subsequent to the occurrence of the ABL Obligations Discharge Date (so long as the Note and Specified Hedge Obligations Discharge Date shall not have occurred), the ABL Representative shall (i) deliver to the
Note and Specified Hedge Representative, at the Loan Parties’ sole cost and expense, the Collateral in its possession or control together with any necessary endorsements to the extent required by the Note and Specified Hedge Documents or
(ii) deliver such Collateral as a court of competent jurisdiction otherwise directs; provided, further, that subsequent to the occurrence of the Note and Specified Hedge Obligations Discharge Date (so long as the ABL Obligations
Discharge Date shall not have occurred), the Note and Specified Hedge Representative shall (i) deliver to the ABL Loan Representative, at the Loan Parties’ sole cost and expense, the Collateral in its possession or control together with
any necessary endorsements to the extent required by the ABL Documents or (ii) deliver such Collateral as a court of competent jurisdiction otherwise directs; provided, further, that (i) prior to the occurrence of the Note
and Specified Hedge Obligations Discharge Date, upon the request of the Note and Specified Hedge Representative or any Initial Loan Party, the ABL Loan Representative shall turn over to the Note and Specified Hedge Representative any Note and
Specified Hedge Collateral of which it has physical possession, and (ii) prior to the occurrence of the ABL Obligations Discharge Date, upon the request of 

  
 14 

 
the ABL Representative or any Initial Loan Party, the Note and Specified Hedge Representative shall turn over to the ABL Representative any ABL Collateral of which it has physical possession. The
provisions of this Agreement are intended solely to govern the respective Lien priorities as between the ABL Secured Parties and the Note and Specified Hedge Secured Parties and shall not impose on the ABL Secured Parties or the Note and Specified
Hedge Secured Parties any obligations in respect of the disposition of any Collateral (or any proceeds thereof) that would conflict with prior perfected Liens or any claims thereon in favor of any other Person that is not a Secured Party.

 SECTION 3. Enforcement Rights. 
 3.1 Exclusive Enforcement. Until the Senior Obligations Discharge Date has occurred, whether or not an Insolvency Proceeding has been commenced by or against any Loan Party, the Senior Secured
Parties shall have the exclusive right to take and continue any Enforcement Action (including the right to credit bid their debt) with respect to the Senior Collateral, without any consultation with or consent of any Junior Secured Party, but
subject to the provisos set forth in Section 3.2 and Section 5.1. Upon the occurrence and during the continuance of an event of default under the Senior Documents, the Senior Representative and the other Senior Secured
Parties may take and continue any Enforcement Action with respect to the Senior Obligations and the Senior Collateral in such order and manner as they may determine in their sole discretion in accordance with the terms and conditions of the Senior
Documents. 
 3.2 Standstill and Waivers. Each Junior Representative, on behalf of itself and the other Junior Secured
Parties, agrees that, until the Senior Obligations Discharge Date has occurred, but subject to the proviso set forth in Section 5.1: 
 (i) they will not take or cause to be taken any action, the purpose or effect of which is to make any Lien on any Senior Collateral that secures any Junior Obligation pari passu with or senior to, or to
give any Junior Secured Party any preference or priority relative to, the Liens on the Senior Collateral securing the Senior Obligations; 
 (ii) they will not contest, oppose, object to, interfere with, hinder or delay, in any manner, whether by judicial proceedings (including the filing of an Insolvency Proceeding) or otherwise, any
foreclosure, sale, lease, exchange, transfer or other disposition of the Senior Collateral by any Senior Secured Party or any other Enforcement Action taken (or any forbearance from taking any Enforcement Action) in respect of the Senior Collateral
by or on behalf of any Senior Secured Party; 
 (iii) they have no right to (x) direct either the Senior
Representative or any other Senior Secured Party to exercise any right, remedy or power with respect to the Senior Collateral or pursuant to the Senior Security Documents in respect of the Senior Collateral or (y) consent or object to the
exercise by the Senior Representative or any other Senior Secured Party of any right, remedy or power with respect to the Senior Collateral or pursuant to the Senior Security Documents with respect to the Senior Collateral or to the timing or manner
in which any such right is exercised or not exercised (or, to the extent they may have any such right described in this clause (iii), whether as a junior lien creditor in respect of the Senior Collateral or otherwise, they hereby irrevocably waive
such right); 
 (iv) they will not institute any suit or other proceeding or assert in any suit, Insolvency
Proceeding or other proceeding any claim against any Senior Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to, and no Senior Secured Party shall be liable for, any action
taken or omitted to be taken 

  
 15 

 
by any Senior Secured Party with respect to the Senior Collateral or pursuant to the Senior Documents in respect of the Senior Collateral; 

(v) they will not commence judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee,
receiver, liquidator or similar official appointed for or over, attempt any action to take possession of any Senior Collateral, exercise any right, remedy or power with respect to, or otherwise take any action to enforce their interest in or realize
upon, the Senior Collateral; and 
 (vi) they will not seek, and hereby waive any right, to have the Senior
Collateral or any part thereof marshaled upon any foreclosure or other disposition of the Senior Collateral; 
 provided that,
notwithstanding the foregoing, any Junior Secured Party may exercise its rights and remedies in respect of the Senior Collateral under the Junior Documents or applicable law (and any recovery therefrom shall be for the benefit of the Senior Secured
Parties) after the passage of a period of 180 days (the “Standstill Period”) from the date of delivery of a notice in writing to the Senior Representative of its intention to exercise such rights and remedies, which notice may only
be delivered following the occurrence of and during the continuation of an “Event of Default” under and as defined in the Junior Documents; provided, further, however, that, notwithstanding the foregoing, in no event shall
any Junior Secured Party exercise or continue to exercise any such rights or remedies if, notwithstanding the expiration of the Standstill Period, (i) any Senior Secured Party shall have commenced and be diligently pursuing the exercise of any
of its rights and remedies with respect to any of the Senior Collateral (prompt notice of such exercise to be given to the Junior Representative) or is diligently attempting to vacate any stay or prohibition against such exercise or (ii) an
Insolvency Proceeding in respect of any Loan Party shall have been commenced; and provided, further, that in any Insolvency Proceeding commenced by or against any Loan Party, the Junior Representative and the Junior Secured Parties may
not take any action except as expressly permitted by Section 5. 
 3.3 Judgment Creditors. In the event that
any Note and Specified Hedge Secured Party becomes a judgment lien creditor in respect of Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all
purposes (including in relation to the ABL Liens and the ABL Obligations) to the same extent as all other Liens securing the Note and Specified Hedge Obligations are subject to the terms of this Agreement. In the event that any ABL Secured Party
becomes a judgment lien creditor in respect of Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Note
and Specified Hedge Liens and the Note and Specified Hedge Obligations) to the same extent as all other Liens securing the ABL Obligations are subject to the terms of this Agreement. 

3.4 Cooperation; Sharing of Information and Access. (a) The Note and Specified Hedge Representative, on behalf of itself and
the other Note and Specified Hedge Secured Parties, agrees that each of them shall take such actions as the ABL Representative shall reasonably request in connection with the exercise by the ABL Secured Parties of their rights set forth herein in
respect of the ABL Collateral (at the sole cost and expense of the ABL Representative (but with the Loan Parties’ reimbursement and indemnity obligations with respect thereto as provided in the ABL Documents, which shall not be limited
hereby)). The ABL Representative, on behalf of itself and the other ABL Secured Parties, agrees that each of them shall take such actions as the Note and Specified Hedge Representative shall reasonably request in connection with the exercise by the
Note and Specified Hedge Secured Parties of their rights set forth herein in respect of the Note and Specified Hedge Collateral (at the sole cost and expense of the Note and Specified Hedge Representative (but with the Loan Parties’
reimbursement and 

  
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indemnity obligations with respect thereto as provided in the Note and Specified Hedge Documents, which shall not be limited hereby)). 

(b) In the event that the ABL Representative shall, in the exercise of its rights under the ABL Security Documents or otherwise, receive
possession or control of any books and Records of any Loan Party which contain information identifying or pertaining to the Note and Specified Hedge Collateral, the ABL Representative shall promptly notify the Note and Specified Hedge Representative
of such fact and, upon request from the Note and Specified Hedge Representative and as promptly as practicable thereafter, either make available to the Note and Specified Hedge Representative such books and Records for inspection and duplication or
provide to the Note and Specified Hedge Representative copies thereof. In the event that a Note and Specified Hedge Representative shall, in the exercise of its rights under the Note and Specified Hedge Security Documents or otherwise, receive
possession or control of any books and Records of any Loan Party which contain information identifying or pertaining to the ABL Collateral, the Note and Specified Hedge Representative shall promptly notify the ABL Representative of such fact and,
upon request from the ABL Representative and as promptly as practicable thereafter, either make available to the ABL Representative such books and Records for inspection and duplication or provide the ABL Representative copies thereof. The Note and
Specified Hedge Representative hereby irrevocably grants the ABL Representative (or its designee) a non-exclusive worldwide license or right to use, consistent with applicable law, to the extent of the Note and Specified Hedge Representative’s
interest therein and reasonably requested by the ABL Representative, exercisable without payment of royalty or other compensation, any of the Intellectual Property now or hereafter owned by, licensed to, or otherwise used by the Loan Parties in
order for the ABL Representative (or its designee) and ABL Secured Parties to purchase, use, market, repossess, possess, store, assemble, manufacture, process, sell, transfer, distribute or otherwise dispose of any asset included in the ABL
Collateral in connection with the liquidation, disposition or realization upon the ABL Collateral in accordance with the terms and conditions of the ABL Security Documents and the other ABL Documents. The Note and Specified Hedge Representative
agrees that any sale, transfer or other disposition of any of the Loan Parties’ Intellectual Property (whether by foreclosure or otherwise) will be subject to the ABL Representative’s rights as set forth in this Section 3.4.

 (c) If the Note and Specified Hedge Representative, or any agent or representative thereof, or any receiver, shall, after the
commencement of any Enforcement Action, obtain possession or physical control of any of the Note and Specified Hedge Collateral, the Note and Specified Hedge Representative shall promptly notify the ABL Representative in writing of that fact, and
the ABL Representative shall, within 10 Business Days thereafter, notify the Note and Specified Hedge Representative in writing as to whether the ABL Representative desires to exercise access rights under this Agreement. In addition, if the ABL
Representative, or any agent or representative of the ABL Representative, or any receiver, shall obtain possession or physical control of any of the Note and Specified Hedge Collateral in connection with an Enforcement Action, then the ABL
Representative shall promptly notify the Note and Specified Hedge Representative that the ABL Representative is exercising its access rights under this Agreement and its rights under Section 3.4 under either circumstance. Upon delivery
of such notice by the ABL Representative to the Note and Specified Hedge Representative, the ABL Representative and Note and Specified Hedge Representative shall confer in good faith to coordinate with respect to the ABL Representative’s
exercise of such access rights, with such access rights to apply to any parcel or item of Note and Specified Hedge Collateral access to which is reasonably necessary to enable the ABL Representative during normal business hours to convert ABL
Collateral consisting of raw materials or work-in-process into saleable finished goods and/or to transport such ABL Collateral to a point where such conversion can occur, to otherwise prepare ABL Collateral for sale and/or to arrange or effect the
sale of ABL Collateral (including the conducting of auctions), all in accordance with the manner in which such matters are completed in the ordinary course of business. Consistent with the definition of “Access Period,” access rights will
apply to differing parcels or items of Note and Specified Hedge Collateral at 

  
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differing times, in which case, a differing Access Period will apply to each such parcel or items. During any pertinent Access Period, (i) the ABL Representative and its agents,
representatives and designees shall have an irrevocable, non-exclusive right to have access to, and a rent-free right to use, the relevant parcel or item the Note and Specified Hedge Collateral for the purposes described above and (ii) the ABL
Representative shall be obligated hereunder to reimburse the Note and Specified Hedge Representative for all operating costs of such Note and Specified Hedge Collateral incurred after the commencement of the relevant Access Period (it being
understood that operating costs shall not include insurance) to the extent (x) incurred as a result of the exercise by the ABL Representative of its access rights and (y) actually paid by the Note and Specified Hedge Representative or the
Note and Specified Hedge Secured Parties. The ABL Representative shall take proper and reasonable care under the circumstances of any Note and Specified Hedge Collateral that is used by the ABL Representative during the Access Period and repair and
replace any damage (ordinary wear-and-tear excepted) caused by the ABL Representative or its agents, representatives or designees, and leave the Note and Specified Hedge Collateral in substantially the same condition as it was at the commencement of
the occupancy, use or control by the ABL Representative or its agents, representatives or designees (ordinary wear-and-tear excepted) and the ABL Representative shall comply with all applicable laws in all material respects in connection with its
use or occupancy or possession of the ABL Collateral. The ABL Representative shall indemnify and hold harmless the Note and Specified Hedge Representative and the Note and Specified Hedge Creditors for any injury or damage to Persons or property
(ordinary wear-and-tear excepted) and for any losses, claims, liabilities or expenses directly resulting from the occupancy, use or control by the ABL Representatives or its agents, representatives or designees or by the acts or omissions of Persons
under its control; provided, however, that the ABL Representative and the ABL Creditors will not be liable for any diminution in the value of Note and Specified Hedge Collateral caused by the absence of the ABL Collateral therefrom.
The ABL Representative and the Note and Specified Hedge Representative shall cooperate and use reasonable efforts to ensure that their activities during the Access Period as described above do not interfere materially with the activities of the
other as described above, including the right of Note and Specified Hedge Representative to show the Note and Specified Hedge Collateral to prospective purchasers and to ready the Note and Specified Hedge Collateral for sale. Consistent with the
definition of the term “Access Period,” if any order or injunction is issued or stay is granted or is otherwise effective by operation of law that prohibits the ABL Representative from exercising any of its rights hereunder, then the
Access Period granted to the ABL Representative under this Section 3.4 shall be stayed during the period of such prohibition and shall continue thereafter for the number of days remaining as required under this Section 3.4.
The Note and Specified Hedge Representative shall not foreclose or otherwise sell, remove or dispose of any of the Note and Specified Hedge Collateral during the Access Period with respect to such Collateral if the ABL Representative (acting in good
faith) informs the Note and Specified Hedge Representative in writing that such Collateral is reasonably necessary to enable the ABL Representative to convert, transport or arrange to sell the ABL Collateral as described above; provided,
however, that nothing contained in this Agreement shall restrict the Note and Specified Hedge Representative from foreclosing or otherwise selling, removing, transferring or disposing of any Note and Specified Hedge Collateral prior to the
expiration of the Access Period if the purchaser, assignee or transferee agrees to be bound by the provisions of this Section 3.4(c) in writing (for the benefit of the ABL Representative and the ABL Secured Parties). 

3.5 No Additional Rights for the Loan Parties Hereunder. Except as provided in Section 3.6 hereof, if any ABL Secured
Party or Note and Specified Hedge Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, no Loan Party shall be entitled to use such violation as a defense to any action by any ABL Secured Party or Note and
Specified Hedge Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment against any ABL Secured Party or Note and Specified Hedge Secured Party. 

  
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 3.6 Actions upon Breach. (a) If any ABL Secured Party or Note and Specified Hedge
Secured Party, contrary to this Agreement, commences or participates in any action or proceeding against any Loan Party or the Collateral, such Loan Party, with the prior written consent of the ABL Representative or the Note and Specified Hedge
Representative, as applicable, may interpose as a defense or dilatory plea the making of this Agreement, and any ABL Secured Party or Note and Specified Hedge Secured Party, as applicable, may intervene and interpose such defense or plea in its or
their name or in the name of such Loan Party. 
 (b) Should any ABL Secured Party or Note and Specified Hedge Secured Party,
contrary to this Agreement, in any way take, attempt to or threaten to take any action with respect to the Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement), or fail to take any action required
by this Agreement, any ABL Secured Party or Note and Specified Hedge Secured Party (in its own name or in the name of the relevant Loan Party), as applicable, may obtain relief against such ABL Secured Party or Note and Specified Hedge Secured
Party, as applicable, by injunction, specific performance and/or other appropriate equitable relief, it being understood and agreed by each of the ABL Representative on behalf of each ABL Secured Party and the Note and Specified Hedge Representative
on behalf of each Note and Specified Hedge Secured Party that (i) the ABL Secured Parties’ or Note and Specified Hedge Secured Parties’, as applicable, damages from its actions may at that time be difficult to ascertain and may be
irreparable, and (ii) each Note and Specified Hedge Secured Party or ABL Secured Party, as applicable, waives any defense that the Loan Parties and/or the Note and Specified Hedge Secured Parties and/or ABL Secured Parties, as applicable,
cannot demonstrate damage and/or be made whole by the awarding of damages. 
 SECTION 4. Application of Proceeds of Senior
Collateral; Dispositions and Releases of Lien; Notices and Insurance. 
 4.1 Application of Proceeds. 

(a) Application of Proceeds of Senior Collateral. The Senior Representative and the Junior Representative hereby agree that all
Senior Collateral, and all Proceeds thereof, received by either of them in connection with the collection, sale or disposition of Senior Collateral pursuant to any Enforcement Action or during any Insolvency Proceeding shall be applied, 

first, to the payment of fees, costs and expenses (including reasonable attorneys fees and expenses and court
costs) of the Senior Representative in connection with such Enforcement Action or Insolvency Proceeding, 

second, to the payment of the Senior Obligations in accordance with the Senior Documents until the Senior
Obligations Discharge Date, 
 third, to the payment of fees, costs and expenses of the Junior
Representative in connection with any Enforcement Action or Insolvency Proceeding, 
 fourth, to the
payment of the Junior Obligations, in accordance with the Junior Documents, and 
 fifth, the balance, if
any, to the Loan Parties or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 
 All Proceeds of any sale of a Loan Party as a whole, or substantially all of the assets of any Loan Party where the consideration received is not allocated by type of asset, in connection

  
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with or resulting from any Enforcement Action, and whether or not pursuant to an Insolvency Proceeding, shall be distributed as follows under clause “second” above after payment of the
amounts under clause “first” above: first to the ABL Representative for application to the ABL Obligations in accordance with the terms of the ABL Documents, up to the amount of the book value at the time of the sale of the ABL
Collateral disposed of in such sale or owned by such Loan Party (in the case of a sale of such Loan Party as a whole), and second to the Note and Specified Hedge Representative for application to the Note and Specified Hedge Obligations in
accordance with the terms of the Note and Specified Hedge Documents to the extent such Proceeds exceed the book value at the time of the sale of such ABL Collateral (it being understood that book value shall be determined after giving effect to the
applicable purchase (including the application of purchase accounting)). 
 (b) Limited Obligation or Liability. In
exercising remedies, whether as a secured creditor or otherwise, the Senior Representative shall have no obligation or liability to the Junior Representative or to any Junior Secured Party, regarding the adequacy of any Proceeds or for any action or
omission, save and except solely for an action or omission that breaches the express obligations undertaken by each party under the terms of this Agreement. 
 (c) Segregation of Collateral. Until the occurrence of the Senior Obligations Discharge Date, any Senior Collateral that may be received by any Junior Secured Party in violation of this Agreement
shall when known by a responsible officer of the Junior Representative, to the extent practicable and in accordance with its normal practices, be segregated and held in trust and promptly paid over to the Senior Representative, for the benefit of
the Senior Secured Parties, in the same form as received, with any necessary endorsements, and each Junior Secured Party hereby authorizes the Senior Representative to make any such endorsements as agent for the Junior Representative (which
authorization, being coupled with an interest, is irrevocable). 
 4.2 Releases of Liens. (a) (i) Upon any release,
sale or disposition of ABL Collateral permitted pursuant to the terms of the ABL Documents that results in the release of the ABL Lien (other than any release of the ABL Lien due to the occurrence of the ABL Obligations Discharge Date and any
release of the ABL Lien after the occurrence and during the continuance of any event of default under the Note and Specified Hedge Agreement) on any ABL Collateral, the Note and Specified Hedge Lien on such ABL Collateral (excluding any portion of
the proceeds of such ABL Collateral remaining after the ABL Obligations Discharge Date occurs) shall be automatically and unconditionally released with no further consent or action of any Person so long as such release, sale or disposition of ABL
Collateral is permitted pursuant to the terms of the Note and Specified Hedge Documents. 
 (ii) Upon any release, sale or
disposition of ABL Collateral pursuant to any Enforcement Action that results in the release of the ABL Lien (other than any release of the ABL Lien due to the occurrence of the ABL Obligations Discharge Date) on any ABL Collateral pursuant to any
Enforcement Action, the Note and Specified Hedge Lien on such ABL Collateral (excluding any portion of the proceeds of such ABL Collateral remaining after the ABL Obligations Discharge Date occurs) shall be automatically and unconditionally released
with no further consent or action of any Person so long as the proceeds of such ABL Collateral are applied in accordance with Section 4.1(a) (with, in the case of ABL Obligations consisting of debt of a revolving nature, a corresponding
permanent reduction in the commitments thereto). 
 (iii) The Note and Specified Hedge Representative shall promptly execute and
deliver such release documents and instruments and shall take such further actions as the ABL Representative or any Initial Loan Party shall reasonably request in writing to evidence any release of the Note and Specified Hedge Lien described herein.
The Note and Specified Hedge Representative hereby appoints 

  
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the ABL Representative and any officer or duly authorized person of the ABL Representative, with full power of substitution, as its true and lawful attorney-in-fact with a limited and revocable
power of attorney in the place and stead of the Note and Specified Hedge Representative and in the name of the Note and Specified Hedge Representative or in the ABL Representative’s own name, from time to time, in the ABL Representative’s
sole discretion, for the purposes of carrying out the terms of the first sentence of Section 4.2(a)(iii), to take any and all appropriate action and to execute and deliver any and all documents and instruments as may be necessary or
desirable to accomplish the purposes of the first sentence of Section 4.2(a)(iii), including any financing statements, endorsements, assignments, releases or other documents or instruments of transfer. 

(b) (i) Upon any release, sale or disposition of Note and Specified Hedge Collateral permitted pursuant to the terms of the Note and
Specified Hedge Documents that results in the release of the Note and Specified Hedge Lien (other than any release of the Note and Specified Hedge Lien due to the occurrence of the Note and Specified Hedge Obligations Discharge Date and any release
of the Note and Specified Hedge Lien after the occurrence and during the continuance of any event of default under the ABL Agreement) on any Note and Specified Hedge Collateral, the ABL Lien on such Note and Specified Hedge Collateral (excluding any
portion of the proceeds of such Note and Specified Hedge Collateral remaining after the Note and Specified Hedge Obligations Discharge Date occurs) shall be automatically and unconditionally released with no further consent or action of any Person
so long as such release, sale or disposition of Note and Specified Hedge Collateral is permitted pursuant to the terms of the ABL Documents. 
 (ii) Upon any release, sale or disposition of Note and Specified Hedge Collateral pursuant to any Enforcement Action that results in the release of the Note and Specified Hedge Lien (other than any
release of the Note and Specified Hedge Lien due to the occurrence of the Note and Specified Hedge Obligations Discharge Date) on any Note and Specified Hedge Collateral pursuant to any Enforcement Action, the ABL Lien on such Note and Specified
Hedge Collateral (excluding any portion of the proceeds of such Note and Specified Hedge Collateral remaining after the Note and Specified Hedge Obligations Discharge Date occurs) shall be automatically and unconditionally released with no further
consent or action of any Person so long as the proceeds of such Note and Specified Hedge Collateral are applied in accordance with Section 4.1(a) (with, in the case of Note and Specified Hedge Obligations consisting of debt of a
revolving nature, a corresponding permanent reduction in the commitments thereto). 
 (iii) The ABL Representative shall
promptly execute and deliver such release documents and instruments and shall take such further actions as the Note and Specified Hedge Representative or any Initial Loan Party shall request in writing to evidence any release of the ABL Lien
described herein. The ABL Representative hereby appoints the Note and Specified Hedge Representative and any officer or duly authorized person of the Note and Specified Hedge Representative, with full power of substitution, as its true and lawful
attorney-in-fact with a limited revocable power of attorney in the place and stead of the ABL Representative and in the name of the ABL Representative or in the Note and Specified Hedge Representative’s own name, from time to time, in the Note
and Specified Hedge Representative’s sole discretion, for the purposes of carrying out the first sentence of Section 4.2(b)(iii), to take any and all appropriate action and to execute and deliver any and all documents and
instruments as may be necessary or desirable to accomplish the purposes of first sentence of Section 4.2(b)(iii), including any financing statements, endorsements, assignments, releases or other documents or instruments of transfer.

 4.3 Certain Real Property Notices; Insurance. (a) The Note and Specified Hedge Representative shall give the ABL
Representative at least 30 days notice prior to commencing any Enforcement Action against any Real Property (including, for the avoidance of doubt, the commencement 

  
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of any action against title insurance policies) owned by any Loan Party at which ABL Collateral is stored or otherwise located or to dispossess any Loan Party from such Real Property. 

(b) Proceeds of Collateral include insurance proceeds and therefore the Lien Priority shall govern the ultimate disposition of casualty
insurance proceeds. The ABL Representative and Note and Specified Hedge Representative shall be named as additional insureds and loss payees with respect to all insurance policies relating to Collateral. The ABL Representative shall have the sole
and exclusive right, as against the Note and Specified Hedge Representative, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of ABL Collateral. The Note and Specified Hedge Representative shall have
the sole and exclusive right, as against the ABL Representative, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of Note and Specified Hedge Collateral. All proceeds of such insurance shall be remitted
to the Loan Parties, the ABL Representative or the Note and Specified Hedge Representative, as the case may be, and each of the Note and Specified Hedge Representative and ABL Representative shall cooperate (if necessary) in a reasonable manner in
effecting the payment of insurance proceeds in accordance with Section 4.1. 
 SECTION 5. Insolvency
Proceedings. 
 5.1 Filing of Motions. Until the Senior Obligations Discharge Date has occurred, the Junior
Representative agrees on behalf of itself and the other Junior Secured Parties that no Junior Secured Party shall, in or in connection with any Insolvency Proceeding, file any pleadings or motions, take any position at any hearing or proceeding of
any nature, or otherwise take any action whatsoever, in each case in respect of any of the Senior Collateral, including with respect to the determination of any Liens or claims held by the Senior Representative (including the validity and
enforceability thereof) or any other Senior Secured Party in respect of any Senior Collateral or the value of any claims of such parties under Section 506(a) of the Bankruptcy Code or otherwise; provided that the Junior Representative
may (i) file a proof of claim in an Insolvency Proceeding, and (ii) file any necessary responsive or defensive pleadings in opposition of any motion or other pleadings made by any Person objecting to or otherwise seeking the disallowance
of the claims of the Junior Secured Parties on the Senior Collateral, subject to the limitations contained in this Agreement and only if consistent with the terms and the limitations on the Junior Representative imposed hereby. 

5.2 Financing Matters. (a) If any Loan Party becomes subject to any Insolvency Proceeding under the Bankruptcy Code at
any time prior to the ABL Obligations Discharge Date, and if the ABL Representative or the other ABL Secured Parties desire to consent (or not object) to the use of cash collateral under the Bankruptcy Code or to provide financing to any Loan Party
under the Bankruptcy Code or to consent (or not object) to the provision of such financing to any Loan Party by any third party (any such financing, “ABL DIP Financing”), then the Note and Specified Hedge Representative agrees, on
behalf of itself and the other Note and Specified Hedge Secured Parties, that each Note and Specified Hedge Secured Party (i) (x) will be deemed to have consented to, will raise no objection to, nor support any other Person objecting to,
the use of such cash collateral or to such ABL DIP Financing on any grounds, including failure to provide “adequate protection” of the Note and Specified Hedge Representative’s Lien on the Collateral to secure the Note and Specified
Hedge Obligations and (y) will not request any adequate protection solely as a result of such ABL DIP Financing except as set forth in Section 5.4 below and (ii) will subordinate (and will be deemed hereunder to have
subordinated) the Note and Specified Hedge Liens on any ABL Collateral (A) to the Liens securing such ABL DIP Financing on the same terms as the ABL Liens are subordinated thereto (and such subordination will not alter in any manner the terms
of this Agreement), (B) to any replacement liens provided as adequate protection to the ABL Secured Parties as set forth in Section 5.4 below and (C) to any “carve-out” agreed to by the ABL Representative or the other
ABL Secured Parties, so long as (x) the Note and Specified Hedge Representative retains its Lien on the Collateral to secure the Note and Specified Hedge Obligations (in 

  
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each case, including Proceeds thereof arising after the commencement of the case under the Bankruptcy Code) and, as to the Note and Specified Hedge Collateral only, such Lien has the same
priority as existed prior to the commencement of the case under the Bankruptcy Code and any Lien securing such ABL DIP Financing is junior and subordinate to the Lien of the Note and Specified Hedge Representative on the Note and Specified Hedge
Collateral, (y) all Liens on ABL Collateral securing any such ABL DIP Financing shall be senior to or on a parity with the Liens of the ABL Representative and the ABL Lenders securing the ABL Obligations on ABL Collateral and (z) the
aggregate principal amount of such ABL DIP Financing (including any undrawn portion of the revolving commitments thereunder, and including the face amount of any letters of credit issued and not reimbursed under such ABL DIP Financing), together
with the aggregate outstanding principal amount of indebtedness and unfunded commitments under the ABL Agreement, does not exceed 110% of the aggregate outstanding principal amount of indebtedness and unfunded commitments under the ABL Agreement
immediately prior to the incurrence of such ABL DIP Financing. In no event will any of the ABL Secured Parties seek to obtain a priming Lien on any of the Note and Specified Hedge Collateral and nothing contained herein shall be deemed to be a
consent by Note and Specified Hedge Secured Parties to any adequate protection payments using Note and Specified Hedge Collateral. 
 (b) If any Loan Party becomes subject to any Insolvency Proceeding under the Bankruptcy Code at any time prior to the Note and Specified Hedge Obligations Discharge Date, and if the Note and Specified
Hedge Representative or the other Note and Specified Hedge Secured Parties desire to consent (or not object) to the use of cash collateral under the Bankruptcy Code or to provide financing to any Loan Party under the Bankruptcy Code or to consent
(or not object) to the provision of such financing to any Loan Party by any third party (any such financing, “Note DIP Financing”), then the ABL Representative agrees, on behalf of itself and the other ABL Secured Parties, that each
ABL Secured Party (i) (x) will be deemed to have consented to, will raise no objection to, nor support any other Person objecting to, the use of such cash collateral or to such Note DIP Financing on any grounds, including failure to
provide “adequate protection” of the ABL Representative’s Lien on the Collateral to secure the ABL Obligations and (y) will not request any adequate protection solely as a result of such Note DIP Financing except as set forth in
Section 5.4 below and (ii) will subordinate (and will be deemed hereunder to have subordinated) the ABL Liens on any Note and Specified Hedge Collateral (A) to the Liens securing such Note DIP Financing on the same terms as the
Note and Specified Hedge Liens are subordinated thereto (and such subordination will not alter in any manner the terms of this Agreement), (B) to any replacement liens provided as adequate protection to the Note and Specified Hedge Secured
Parties as set forth in Section 5.4 below and (C) to any “carve-out” agreed to by the Note and Specified Hedge Representative or the other Note and Specified Hedge Secured Parties, so long as (x) the ABL
Representative retains its Lien on the Collateral to secure the ABL Obligations (in each case, including Proceeds thereof arising after the commencement of the case under the Bankruptcy Code) and, as to the ABL Collateral only, such Lien has the
same priority as existed prior to the commencement of the case under the Bankruptcy Code and any Lien securing such Note DIP Financing is junior and subordinate to the Lien of the ABL Representative on the ABL Collateral and (y) all Liens on
Note and Specified Hedge Collateral securing any such Note DIP Financing shall be senior to or on a parity with the Liens of the Note and Specified Hedge Representative and the Note and Specified Hedge Secured Parties securing the Note and Specified
Hedge Obligations on Note and Specified Hedge Collateral. In no event will any of the Note and Specified Hedge Secured Parties seek to obtain a priming Lien on any of the ABL Collateral and nothing contained herein shall be deemed to be a consent by
the ABL Secured Parties to any adequate protection payments using ABL Collateral. 
 (c) All Liens granted to the Note and
Specified Hedge Representative or the ABL Representative in any Insolvency Proceeding, whether as adequate protection or otherwise, are intended to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions of this
Agreement. 

  
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 5.3 Relief from the Automatic Stay. Until the ABL Obligations Discharge Date, the
Note and Specified Hedge Representative agrees, on behalf of itself and the other Note and Specified Hedge Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any
action in derogation thereof, in each case in respect of any ABL Collateral, without the prior written consent of the ABL Representative. Until the Note and Specified Hedge Obligations Discharge Date, the ABL Representative agrees, on behalf of
itself and the other ABL Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of any Note and Specified
Hedge Collateral, without the prior written consent of the Note and Specified Hedge Representative. In addition, neither the Note and Specified Hedge Representative nor the ABL Representative shall seek any relief from the automatic stay with
respect to any Collateral without providing five days’ prior written notice to the other, unless otherwise agreed by both the ABL Representative and the Note and Specified Hedge Representative. 

5.4 Adequate Protection. (a) The Note and Specified Hedge Representative, on behalf of itself and the other Note and
Specified Hedge Secured Parties, agrees that, prior to the ABL Obligations Discharge Date, so long as the ABL Representative and the other ABL Secured Parties comply with Section 5.4(b), none of them shall object, contest, or support any
other Person objecting to or contesting, (i) any request by the ABL Representative or the other ABL Secured Parties for adequate protection of its interest in the Collateral or any adequate protection provided to the ABL Representative or the
other ABL Secured Parties or (ii) any objection by the ABL Representative or any other ABL Secured Parties to any motion, relief, action or proceeding based on a claim of a lack of adequate protection in the Collateral or (iii) the
periodic payment of amounts equal to interest, fees, expenses or other amounts provided to the ABL Representative or any other ABL Secured Party as adequate protection of its interest in the Collateral; provided that any action described in
the foregoing clauses (i) and (ii) does not violate Section 5.2. The Note and Specified Hedge Representative, on behalf of itself and the other Note and Specified Hedge Secured Parties, further agrees that, prior to the ABL
Obligations Discharge Date, none of them shall support any other Person asserting or enforcing any claim under Section 506(c) of the Bankruptcy Code or otherwise that is senior to or on a parity with the ABL Liens for costs or expenses of
preserving or disposing of any ABL Collateral. Notwithstanding anything to the contrary set forth in this Section and in Section 5.2(a)(i)(y), but subject to all other provisions of this Agreement (including
Section 5.2(a)(i)(x) and Section 5.3), in any Insolvency Proceeding, if the ABL Secured Parties (or any subset thereof) are granted adequate protection consisting of additional collateral that constitutes ABL Collateral (with
replacement liens on such additional collateral) and superpriority claims in connection with any ABL DIP Financing or use of cash collateral, and the ABL Secured Parties do not object to the adequate protection being provided to them, then in
connection with any such ABL DIP Financing or use of cash collateral the Note and Specified Hedge Representative, on behalf of itself and any of the Note and Specified Hedge Secured Parties, may, as adequate protection of their interests in the ABL
Collateral, seek or accept (and the ABL Representative and the ABL Secured Parties shall not object to) adequate protection consisting solely of (x) a replacement Lien on the same additional collateral, subordinated to the Liens securing the
ABL Obligations and such ABL DIP Financing on the same basis as the other Note and Specified Hedge Liens on the ABL Collateral are so subordinated to the ABL Obligations under this Agreement and (y) superpriority claims junior in all respects
to the superpriority claims granted to the ABL Secured Parties; provided, however, that the Note and Specified Hedge Representative shall have irrevocably agreed, pursuant to Section 1129(a)(9) of the Bankruptcy Code, on behalf of
itself and the Note and Specified Hedge Secured Parties, in any stipulation and/or order granting such adequate protection, that such junior superpriority claims may be paid under any plan of reorganization in any combination of cash, debt, equity
or other property having a value on the effective date of such plan equal to the allowed amount of such claims. 

  
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 (b) The ABL Representative, on behalf of itself and the other ABL Secured Parties, agrees
that, prior to the Note and Specified Hedge Obligations Discharge Date, so long as the Note and Specified Hedge Representative and the other Note and Specified Hedge Secured Parties comply with Section 5.4(a), none of them shall object,
contest, or support any other Person objecting to or contesting, (i) any request by the Note and Specified Hedge Representative or the other Note and Specified Hedge Secured Parties for adequate protection of its interest in the Collateral or
any adequate protection provided to the Note and Specified Hedge Representative or the other Note and Specified Hedge Secured Parties, (ii) any objection by the Note and Specified Hedge Representative or any other Note and Specified Hedge
Secured Parties to any motion, relief, action or proceeding based on a claim of a lack of adequate protection in the Collateral or (iii) the periodic payment of amounts equal to interest, fees, expenses or other amounts provided to the Note and
Specified Hedge Representative or any other Note and Specified Hedge Secured Party as adequate protection of its interest in the Collateral; provided that any action described in the foregoing clauses (i) and (ii) does not violate
Section 5.2. The ABL Representative, on behalf of itself and the other ABL Secured Parties, further agrees that, prior to the Note and Specified Hedge Obligations Discharge Date, none of them shall support any other Person asserting or
enforcing any claim under Section 506(c) of the Bankruptcy Code or otherwise that is senior to or on a parity with the Note and Specified Hedge Liens for costs or expenses of preserving or disposing of any Note and Specified Hedge Collateral.
Notwithstanding anything to the contrary set forth in this Section and in Section 5.2(b)(i)(y), but subject to all other provisions of this Agreement (including Section 5.2(b)(i)(x) and Section 5.3), in any
Insolvency Proceeding, if the Note and Specified Hedge Secured Parties (or any subset thereof) are granted adequate protection consisting of additional collateral that constitutes Note and Specified Hedge Collateral (with replacement liens on such
additional collateral) and superpriority claims in connection with any Note DIP Financing or use of cash collateral, and the Note and Specified Hedge Secured Parties do not object to the adequate protection being provided to them, then in connection
with any such Note DIP Financing or use of cash collateral the ABL Representative, on behalf of itself and any of the ABL Secured Parties, may, as adequate protection of their interests in the Note and Specified Hedge Collateral, seek or accept (and
the Note and Specified Hedge Representative and the Note and Specified Hedge Secured Parties shall not object to) adequate protection consisting solely of (x) a replacement Lien on the same additional collateral, subordinated to the Liens
securing the Note and Specified Hedge Obligations and such Note DIP Financing on the same basis as the other ABL Liens on the Note and Specified Hedge Collateral are so subordinated to the Note and Specified Hedge Obligations under this Agreement
and (y) superpriority claims junior in all respects to the superpriority claims granted to the Note and Specified Hedge Secured Parties; provided, however, that the ABL Representative shall have irrevocably agreed, pursuant to
Section 1129(a)(9) of the Bankruptcy Code, on behalf of itself and the ABL Secured Parties, in any stipulation and/or order granting such adequate protection, that such junior superpriority claims may be paid under any plan of reorganization in
any combination of cash, debt, equity or other property having a value on the effective date of such plan equal to the allowed amount of such claims. 
 5.5 Avoidance Issues. If any Secured Party is required in any Insolvency Proceeding or otherwise to disgorge, turn over or otherwise pay to the estate of any Loan Party, because such amount was
avoided or ordered to be paid or disgorged for any reason, including because it was found to be a fraudulent or preferential transfer, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of
set-off or otherwise, then the Secured Obligations shall be reinstated to the extent of such Recovery and deemed to be outstanding as if such payment had not occurred and the Senior Obligations Discharge Date shall be deemed not to have occurred. If
this Agreement shall have been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the
parties hereto. The Secured Parties agree that none of them shall be entitled to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or
otherwise, it being understood and agreed that the benefit of 

  
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such avoidance action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the priorities set forth in this Agreement. 

5.6 Asset Dispositions in an Insolvency Proceeding. None of the Junior Representative nor any other Junior Secured Party shall, in
an Insolvency Proceeding or otherwise, oppose any sale or disposition of any Senior Collateral that is supported by the Senior Secured Parties, and the Junior Representative and each other Junior Secured Party will be deemed to have consented under
Section 363 of the Bankruptcy Code (and otherwise) to any sale of any Senior Collateral supported by the Senior Secured Parties and to have released the Junior Liens on such assets so long as the Lien of each Secured Party attaches to the
proceeds of any such sale with the same priority as provided under this Agreement in respect of the Collateral. 
 5.7 Other
Matters. To the extent that the Senior Representative or any Senior Secured Party has or acquires rights under Section 363 or Section 364 of the Bankruptcy Code with respect to any of the Collateral on which it has a Junior Lien, such
Senior Representative agrees, on behalf of itself and the other Senior Secured Parties, not to assert any of such rights without the prior written consent of the Junior Representative; provided that if requested by the Junior Representative,
such Senior Representative shall timely exercise such rights in the manner requested by the Junior Representative, including any rights to payments in respect of such rights. 
 5.8 Post-Petition Interest. Neither the Junior Representative nor any Junior Secured Party shall oppose or seek to challenge any claim by the Senior Representative or any other Senior Secured Party
for allowance in any Insolvency Proceeding of Senior Obligations consisting of Post-Petition Interest to the extent of the value of the Liens in favor of the Senior Representative and the other Senior Secured Parties, without regard to the existence
of the Liens of the Junior Representative on behalf of the Junior Secured Parties on the Collateral. 
 5.9 Effectiveness in
Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under Section 510(a) of the Bankruptcy Code, shall be effective during an Insolvency Proceeding. 

SECTION 6. Note and Specified Hedge Documents and ABL Documents. 

(a) Each of the Loan Parties and the Note and Specified Hedge Representative, on behalf of itself and the Note and Specified Hedge
Secured Parties, agrees that it shall not at any time execute or deliver any amendment or other modification to any of the Note and Specified Hedge Documents in violation of this Agreement. 

(b) Each of the Loan Parties and the ABL Representative, on behalf of itself and the ABL Secured Parties, agrees that it shall not at any
time execute or deliver any amendment or other modification to any of the ABL Documents in violation of this Agreement. 
 (c)
In the event the Senior Representative enters into any amendment, waiver or consent in respect of any of the Senior Security Documents which is not materially adverse to the Junior Secured Parties for the purpose of adding to, or deleting from, or
waiving or consenting to any departures from any provisions of, any Senior Security Document or changing in any manner the rights of any parties thereunder, in each case solely with respect to any Senior Collateral, then such amendment, waiver or
consent shall apply automatically to any comparable provision of the Comparable Security Document without the consent of or action by any Junior Secured Party (with all such amendments, waivers and modifications subject to the terms hereof);
provided that (i) no such amendment, waiver or consent shall have the effect of removing assets subject to the Lien of any Junior Security Document, except to the 

  
 26 

 
extent that a release of such Lien is permitted by Section 4.2, (ii) any such amendment, waiver or consent that materially and adversely affects the rights of the Junior Secured
Parties and does not affect the Senior Secured Parties in a like or similar manner shall not apply to the Junior Security Documents without the consent of the Junior Representative, (iii) no such amendment, waiver or consent with respect to any
provision applicable to the Junior Representative under the Junior Documents shall be made without the prior written consent of the Junior Representative, (iv) notice of such amendment, waiver or consent shall be given to the Junior
Representative reasonably in advance of its effectiveness; provided that the failure to give such notice shall not affect the effectiveness and validity thereof and (v) such amendment, waiver or modification to the applicable Junior
Security Documents shall be approved by the Initial Loan Parties in writing. 
 SECTION 7. Purchase Options.

 7.1 Notice of Exercise. (a) If (i) an “Event of Default” under the ABL Documents remains uncured
or unwaived for at least 45 consecutive days and the requisite ABL Lenders have not agreed to forbear from the exercise of remedies (or, if earlier, within five Business Days after the ABL Representative notifies the Note and Specified Hedge
Representative that it shall exercise remedies), (ii) any of the ABL Obligations have been accelerated in accordance with the terms of the ABL Documents as a result of an event of default thereunder or (iii) an Insolvency Proceeding has
commenced, all or a portion of the Note and Specified Hedge Creditors, acting as a single group, shall have the option at any time upon five Business Days’ prior written notice to the ABL Representative to purchase all of the ABL Obligations
(including unfunded commitments, if any, under the ABL Documents) from the ABL Secured Parties. Such notice from such Note and Specified Hedge Creditors to the ABL Representative shall be irrevocable. 

(b) If (i) an “Event of Default” under the Note and Specified Hedge Documents remains uncured or unwaived for at least 45
consecutive days and the Note and Specified Hedge Representative has not agreed to forbear from the exercise of remedies (or, if earlier, within five Business Days after the Note and Specified Hedge Representative notifies the ABL Representative
that it shall exercise remedies), (ii) any of the Note and Specified Hedge Obligations have been accelerated in accordance with the terms of the Note and Specified Hedge Documents as a result of an event of default thereunder or (iii) an
Insolvency Proceeding has commenced, all or a portion of the ABL Creditors, acting as a single group, shall have the option at any time upon five Business Days’ prior written notice to the Note and Specified Hedge Representative to purchase all
of the Note and Specified Hedge Obligations (including unfunded commitments, if any, under the Note and Specified Hedge Documents) from the Note and Specified Hedge Creditors. Such notice from such ABL Creditors to the Note and Specified Hedge
Representative shall be irrevocable. 
 7.2 Purchase and Sale. (a) On the date specified by the relevant Note and
Specified Hedge Creditors in the notice contemplated by Section 7.1(a) above (which shall not be less than five Business Days, nor more than 20 calendar days, after the receipt by the ABL Representative of the notice of the relevant Note
and Specified Hedge Creditor’s election to exercise such option), the ABL Creditors shall sell to the relevant Note and Specified Hedge Creditors, and the relevant Note and Specified Hedge Creditors shall purchase from the ABL Lenders, the ABL
Obligations (including unfunded commitments, if any, under the ABL Documents); provided that the ABL Representative and the ABL Secured Parties shall retain all rights to be indemnified or held harmless by the Loan Parties in accordance with
the terms of the ABL Documents but shall not retain any rights to the security therefor. 
 (b) On the date specified by the
relevant ABL Creditors in the notice contemplated by Section 7.1(b) above (which shall not be less than five Business Days, nor more than 20 calendar days, after the receipt by Note and Specified Hedge Representative of the notice of the
relevant ABL Creditor’s 

  
 27 

 
election to exercise such option), the Note and Specified Hedge Creditors shall sell to the relevant ABL Creditors, and the relevant ABL Creditors shall purchase from the Note and Specified Hedge
Creditors, the Note and Specified Hedge Obligations (including unfunded commitments, if any, under the Note and Specified Hedge Documents); provided that the Note and Specified Hedge Representative and the Note and Specified Hedge Secured
Parties shall retain all rights to be indemnified or held harmless by the Loan Parties in accordance with the terms of the Note and Specified Hedge Documents but shall not retain any rights to the security therefor. 

7.3 Payment of Purchase Price. Upon the date of such purchase and sale contemplated by Section 7.1(a) and
Section 7.1(b) above, the relevant Note and Specified Hedge Creditors or the relevant ABL Creditors, as applicable, shall (a) pay to the ABL Representative for the benefit of the ABL Creditors (with respect to a purchase of the ABL
Obligations) or to the Note and Specified Hedge Representative for the benefit of the Note and Specified Hedge Creditors (with respect to a purchase of the Note and Specified Hedge Obligations) as the purchase price therefor the full amount of all
the ABL Obligations or Note and Specified Hedge Obligations, as applicable, then outstanding and unpaid (including principal, interest, fees and expenses, including reasonable attorneys’ fees and legal expenses but specifically excluding any
prepayment premium, termination or similar fees), (b) furnish cash collateral to the ABL Representative or the Note and Specified Hedge Representative in a manner and in such amounts as is reasonably necessary to secure the ABL Representative
and the ABL Secured Parties or the Note and Specified Hedge Representative and the Note and Specified Hedge Secured Parties, along with the applicable letter of credit issuing banks and applicable affiliates in connection with any issued and
outstanding letters of credit (not to exceed 103% of the aggregate undrawn face amount of such letters of credit) and cash management obligations secured by the ABL Documents or the Note and Specified Hedge Documents, (c) with respect to
Hedging Obligations, furnish cash collateral to the ABL Representative or the Note and Specified Hedge Representative in the amount that would be payable by the relevant Grantor thereunder if it were to terminate such Hedging Obligations on the date
of such purchase, (d) agree to reimburse the ABL Representative and the ABL Secured Parties or the Note and Specified Hedge Representative and the Note and Specified Hedge Secured Parties, along with any letter of credit issuing banks for any
loss, cost, damage or expense (including reasonable attorneys’ fees and legal expenses) in connection with any commissions, fees, costs or expenses related to any issued and outstanding letters of credit as described above and any checks or
other payments provisionally credited to the ABL Obligations or the Note and Specified Hedge Obligations, and/or as to which the ABL Representative or the Note and Specified Hedge Representative, as applicable, has not yet received final payment,
(e) agree to reimburse the ABL Secured Parties or the Note and Specified Hedge Secured Parties, as applicable, and the applicable letter of credit issuing banks, in respect of indemnification obligations of the Loan Parties under the ABL
Documents or the Note and Specified Hedge Documents, as applicable, as to matters or circumstances which would may result in any loss, cost, damage or expense (including reasonable attorneys’ fees and legal expenses) to the ABL Secured Parties,
the Note and Specified Hedge Secured Parties or letter of credit issuing banks, as applicable, and (f) agree to indemnify, defend and hold harmless the ABL Secured Parties or the Note and Specified Hedge Secured Parties, as applicable, their
officers, directors, employees, representatives and agents, and the applicable letter of credit issuing banks, from and against any loss, liability, claim, damage or expense (including reasonable fees and expenses of legal counsel) of whatever kind
or nature (regardless of their merit) demanded, asserted or claimed, arising out of or related to any claim asserted by a third party in respect of the ABL Obligations or the Note and Specified Hedge Obligations, as applicable, as a direct or
indirect result of any acts by any Note and Specified Hedge Secured Party or any ABL Secured Party, as applicable, occurring after the date of such purchase. Such purchase price and cash collateral shall be remitted by wire transfer in federal funds
to such bank account in New York, New York as the ABL Representative or the Note and Specified Hedge Representative, as applicable, may designate in writing for such purpose. 

  
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 7.4 Limitation on Representations and Warranties. Such purchase shall be expressly
made without representation or warranty of any kind by any selling party (or the ABL Representative or the Note and Specified Hedge Representative, as applicable) and without recourse of any kind, except that the selling party shall represent and
warrant (it being expressly agreed and acknowledged that in no event shall the ABL Representative nor the Note and Specified Hedge Representative, in their capacities as agents for the applicable secured parties, be required to make any such
representations and warranties, even if acting as the seller party): (a) the amount of the ABL Obligations or Note and Specified Hedge Obligations, as applicable, being purchased from it, (b) that such ABL Secured Party or Note and
Specified Hedge Secured Party, as applicable, or any Initial Loan Party owns the ABL Obligations or Note and Specified Hedge Obligations, as applicable, free and clear of any Liens or encumbrances and (c) that such ABL Secured Party or Note and
Specified Hedge Secured Party, as applicable, has the right to assign such ABL Obligations or Note and Specified Hedge Obligations, as applicable, and the assignment is duly authorized. 
 SECTION 8. Reliance; Waivers; etc. 
 8.1
Reliance. The ABL Documents are deemed to have been executed and delivered, and all extensions of credit thereunder are deemed to have been made or incurred, in reliance upon this Agreement. The Note and Specified Hedge Representative, on
behalf of it itself and the other Note and Specified Hedge Secured Parties, expressly waives all notice of the acceptance of and reliance on this Agreement by the ABL Representative and the other ABL Secured Parties. The Note and Specified Hedge
Documents are deemed to have been executed and delivered and all extensions of credit thereunder are deemed to have been made or incurred, in reliance upon this Agreement. The ABL Representative, on behalf of itself and the other ABL Secured
Parties, expressly waives all notices of the acceptance of and reliance on this Agreement by the Note and Specified Hedge Representative and the other Note and Specified Hedge Secured Parties. 

8.2 No Warranties or Liability. The Note and Specified Hedge Representative and the ABL Representative acknowledge and agree that
neither has made any representation or warranty with respect to the execution, validity, legality, completeness, collectability or enforceability of any other ABL Document or any Note and Specified Hedge Document. Except as otherwise provided in
this Agreement, the Note and Specified Hedge Representative and the ABL Representative will be entitled to manage and supervise the respective extensions of credit to any Loan Party in accordance with law and their usual practices, modified from
time to time as they deem appropriate. 
 8.3 No Waivers. No right or benefit of any party hereunder shall at any time in
any way be prejudiced or impaired by any act or failure to act on the part of such party or any other party hereto or by any noncompliance by any Loan Party with the terms and conditions of any of the ABL Documents or the Note and Specified Hedge
Documents. 
 SECTION 9. Obligations Unconditional. All rights, interests, agreements and obligations
hereunder of the Senior Representative and the Senior Secured Parties in respect of any Collateral and the Junior Representative and the Junior Secured Parties in respect of such Collateral shall remain in full force and effect regardless of:

 (a) any lack of validity or enforceability of any Senior Document or any Junior Document and regardless of
whether the Liens of the Senior Representative and Senior Secured Parties are not perfected or are voidable for any reason; 
 (b) any change in the time, manner or place of payment of, or in any other terms of, all or any of the Senior Obligations or Junior Obligations, or any amendment or waiver or other

  
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modification, including any increase in the amount thereof or any refinancing, whether by course of conduct or otherwise, of the terms of any Senior Document or any Junior Document; 

(c) any exchange, release or lack of perfection of any Lien on any Collateral or any other asset, or any amendment, waiver
or other modification, whether in writing or by course of conduct or otherwise, of all or any of the Senior Obligations or Junior Obligations or any guarantee thereof; 

(d) the commencement of any Insolvency Proceeding in respect of any Loan Party; or 

(e) any other circumstances which otherwise might constitute a defense available to, or a discharge of, any Loan Party in
respect of any Secured Obligation or of any Junior Secured Party in respect of this Agreement. 
 SECTION 10.
Miscellaneous. 
 10.1 Rights of Subrogation. The Note and Specified Hedge Representative, for and on behalf of
itself and the Note and Specified Hedge Secured Parties, agrees that no payment to the ABL Representative or any ABL Secured Party pursuant to the provisions of this Agreement shall entitle the Note and Specified Hedge Representative or any Note and
Specified Hedge Secured Party to exercise any rights of subrogation in respect thereof until the ABL Obligations Discharge Date. Following the ABL Obligations Discharge Date, the ABL Representative agrees to execute such documents, agreements, and
instruments as the Note and Specified Hedge Representative or any Note and Specified Hedge Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the ABL Obligations resulting from payments
to the ABL Representative by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by the ABL Representative are paid by the Grantors upon request for payment thereof.
The ABL Representative, for and on behalf of itself and the ABL Secured Parties, agrees that no payment to the Note and Specified Hedge Representative or any Note and Specified Hedge Secured Party pursuant to the provisions of this Agreement shall
entitle the ABL Representative or any ABL Secured Party to exercise any rights of subrogation in respect thereof until the Note and Specified Hedge Obligations Discharge Date. Following the Note and Specified Hedge Obligations Discharge Date, the
Note and Specified Hedge Representative agrees to execute such documents, agreements, and instruments as the ABL Representative or any ABL Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest
in the Note and Specified Hedge Obligations resulting from payments to the Note and Specified Hedge Representative by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection
therewith by the Note and Specified Hedge Representative are paid by the Grantors upon request for payment thereof. 
 10.2
Further Assurances. Each of the Note and Specified Hedge Representative and the ABL Representative will, at any time and from time to time, promptly execute and deliver all further instruments and documents, and take all further action, or
that the other party may reasonably request, in order to protect any right or interest granted or purported to be granted hereby or to enable the ABL Representative or the Note and Specified Hedge Representative to exercise and enforce its rights
and remedies hereunder; provided, however, that no party shall be required to pay over any payment or distribution, execute any instruments or documents, or take any other action referred to in this Section 10.2, to the
extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions of this Agreement, and in the event of a controversy or dispute, such party may interplead any payment or distribution in any court
of competent jurisdiction, without further responsibility in respect of such payment or distribution under this Section 10.2. 

  
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 10.3 Conflicts. In the event of any conflict between the provisions of this Agreement
and the provisions of any ABL Document or any Note and Specified Hedge Document, the provisions of this Agreement shall govern. 

10.4 Continuing Nature of Provisions. Subject to Section 5.5, this Agreement shall continue to be effective, and shall
not be terminable by any party hereto, until the earlier of (i) the ABL Obligations Discharge Date and (ii) the Note and Specified Hedge Obligations Discharge Date; provided that if a Replacement ABL Agreement or Replacement Note
and Specified Hedge Agreement, as applicable, is entered into following such termination, the relevant Secured Parties agree to, upon the request of any Loan Party, restore this Agreement on the terms and conditions set forth herein until the
earlier to occur of the next following ABL Obligations Discharge Date or Note and Specified Hedge Obligations Discharge Date. This is a continuing agreement and the ABL Secured Parties and the Note and Specified Hedge Secured Parties may continue,
at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Loan Party on the faith hereof. In furtherance of the foregoing:

 (a) Upon receipt of a notice from the Loan Parties stating that the Loan Parties (or any of them) have entered
into a Replacement ABL Agreement (which notice shall include the identity of the new ABL Representative, if applicable), the Note and Specified Hedge Representative shall promptly (and in any event within 10 days of the applicable request, unless
otherwise agreed by the ABL Representative or the new ABL Representative, as applicable) (i) enter into such documents and agreements (including amendments or supplements to this Agreement) as the Loan Parties or the new ABL Representative
shall reasonably request in order to provide to the new ABL Representative or the applicable new ABL Secured Parties the rights contemplated hereby, in each case consistent in all material respects with the terms of this Agreement, (ii) deliver
to the new ABL Representative any ABL Collateral held by it, together with any necessary endorsements (or otherwise allow the new ABL Representative to obtain control of such ABL Collateral), and (iii) take such other actions as the Loan
Parties or the new ABL Representative may reasonably request to provide the new ABL Representative or the applicable ABL Creditors the benefits of this Agreement. The new ABL Representative shall agree in a writing addressed to the Note and
Specified Hedge Representative to be bound by the terms of this Agreement, and 
 (b) Upon receipt of a notice
from the Loan Parties stating that the Loan Parties (or any of them) have entered into a Replacement Note and Specified Hedge Agreement (which notice shall include the identity of the new Note and Specified Hedge Representative, if applicable), the
ABL Representative shall promptly (and in any event within 10 days of the applicable request, unless otherwise agreed by the Note and Specified Hedge Representative or the new Note and Specified Hedge Representative, as applicable) (i) enter
into such documents and agreements (including amendments or supplements to this Agreement) as the Loan Parties or the new Note and Specified Hedge Representative shall reasonably request in order to provide to the new Note and Specified Hedge
Representative or the applicable new Note and Specified Hedge Secured Parties the rights contemplated hereby, in each case consistent in all material respects with the terms of this Agreement, (ii) deliver to the new Note and Specified Hedge
Representative any Note and Specified Hedge Collateral held by it, together with any necessary endorsements (or otherwise allow the new Note and Specified Hedge Representative to obtain control of such Note and Specified Hedge Collateral), and
(iii) take such other actions as the Loan Parties or the new Note and Specified Hedge Representative may reasonably request to provide the new Note and Specified Hedge Representative or the applicable Note and Specified Hedge Secured Parties
the benefits of this Agreement. The new Note and Specified Hedge 

  
 31 

 
Representative shall agree in a writing addressed to the ABL Representative to be bound by the terms of this Agreement. 
 10.5 Amendments; Waivers; Refinancings. (a) No amendment or modification of or supplement to any of the provisions of this Agreement shall be effective unless the same shall be in writing and
signed by the ABL Representative and the Note and Specified Hedge Representative, and, in the cases of amendments or modifications of or supplements to this Agreement that directly affect the rights or duties of any Loan Party, including amendments
or modifications of Section 3.5, 3.6, 6, 10.4, 10.5, 10.7 or 10.8 that indirectly or directly affect the rights or duties of any Loan Party, such Loan Party. The ABL Representative and the
Note and Specified Hedge Representative shall notify the Loan Parties at the address specified in the signature pages to this Agreement of any amendment or modification of or supplement to any provisions of this Agreement which does not need to be
signed by a Loan Party and provide the Loan Parties with a copy of such amendment, modification or supplement. 
 (b) It is
understood that the ABL Representative and the Note and Specified Hedge Representative, without the consent of any other ABL Secured Party or Note and Specified Hedge Secured Party, may execute a supplemental agreement (which may take the form of an
amendment and restatement of this Agreement) in order to facilitate having additional indebtedness or other obligations (“Additional Debt”) of any of the Loan Parties become ABL Obligations or Note and Specified Hedge Obligations,
as the case may be, under this Agreement, which supplemental agreement shall specify whether such Additional Debt constitutes ABL Obligations or Note and Specified Hedge Obligations; provided that such Additional Debt is permitted to be
incurred by the ABL Agreement and Note and Specified Hedge Agreement then extant, and is permitted by such agreements to be subject to the provisions of this Agreement as ABL Obligations or Note and Specified Hedge Obligations, as applicable.

 (c) In executing, or permitting any amendments, modifications or supplements, the ABL Representative and the Note and
Specified Hedge Representative shall each be entitled to receive, and shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel each stating that the execution of such amendment, modification or supplement is
authorized or permitted by the terms of this Agreement; it being expressly agreed and acknowledged that no further inquiry shall be required of the ABL Representative and the Note and Specified Hedge Representative as to whether such amendment,
modification or supplement is authorized or permitted by the terms of this Agreement. The ABL Representative and the Note and Specified Hedge Representative may, but shall not be obligated to, enter into any such amendment, modification or
supplement that affects its or their own rights, duties, liabilities or immunities under this Agreement or otherwise. 
 (d) The
ABL Documents may be amended, supplemented, or otherwise modified in accordance with their terms and the ABL Obligations may be refinanced in accordance with the terms of the ABL Documents, in each case without notice to, or the consent of, the Note
and Specified Hedge Representative (except to the extent a consent is otherwise required to permit the refinancing transaction under any ABL Document), all without affecting the lien subordination or other provisions of this Agreement;
provided, however, that, in the case of a refinancing secured by the Collateral, the holders of such refinancing debt (or an authorized representative or their behalf) bind themselves to the terms of this Agreement pursuant to a
written agreement in a form reasonably acceptable to the Note and Specified Hedge Representative. 
 (e) The Note and Specified
Hedge Documents may be amended, supplemented, or otherwise modified in accordance with their terms and the Note and Specified Hedge Obligations may be refinanced in accordance with the terms of the Note and Specified Hedge Documents, in each case
without notice to, or the consent of, ABL Representative (except to the extent a consent is otherwise required to permit the 

  
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refinancing transaction under any Note and Specified Hedge Document), all without affecting the lien subordination or other provisions of this Agreement; provided, however, that, in
the case of a refinancing secured by the Collateral, the holders of such refinancing debt (or an authorized representative or their behalf) bind themselves to the terms of this Agreement pursuant to a written agreement in a form reasonably
acceptable to ABL Representative. 
 10.6 Information Concerning Financial Condition of the Loan Parties. The Note and
Specified Hedge Representative and the ABL Representative hereby agree that no party shall have any duty to advise any other party of information known to it regarding the financial condition of the Loan Parties or any such circumstances (except as
otherwise provided in the ABL Documents and Note and Specified Hedge Documents). In the event the Note and Specified Hedge Representative or the ABL Representative, in its sole discretion, undertakes at any time or from time to time to provide any
information to any other party to this Agreement, it shall be under no obligation (a) to provide any such information to such other party or any other party on any subsequent occasion, (b) to undertake any investigation not a part of its
regular business routine, or (c) to disclose any other information. 
 10.7 Governing Law. THIS AGREEMENT AND ANY
CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. 
 10.8 Submission to Jurisdiction; JURY TRIAL WAIVER. (a) Each ABL Secured Party, each Note and Specified Hedge Secured Party and each Loan Party hereby irrevocably and unconditionally submits,
for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each such party hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each such party agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the any ABL Secured Party or Note and Specified Hedge Secured Party may otherwise have to bring any action or
proceeding against any Loan Party or its properties in the courts of any jurisdiction. 
 (b) Each ABL Secured Party, each Note
and Specified Hedge Secured Party and each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so (i) any objection 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 in any court referred to in paragraph (a) of this Section and (ii) the defense of an inconvenient forum to the maintenance of such action or proceeding. 

(c) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in
Section 10.9. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 (d) EACH PARTY HERETO HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN,
INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY HERETO REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING
CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT 

  
 33 

 
OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 10.9 Notices. Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, telecopied,
or sent by overnight express courier service or United States mail and shall be deemed to have been given when delivered in person or by courier service, upon receipt of a telecopy or five days after deposit in the United States mail (certified,
with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties hereto (until notice of a change thereof is delivered as provided in this Section 10.9) shall be as set forth below each party’s
name on the signature pages hereof, or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties. 
 10.10 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of each of the parties hereto and each of the ABL Secured Parties and Note and Specified Hedge
Secured Parties and their respective successors and assigns, and nothing herein is intended, or shall be construed to give, any other Person any right, remedy or claim under, to or in respect of this Agreement or any Collateral. 

10.11 Headings. Section headings 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. 
 10.12 Severability.
Any provision of this Agreement 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 hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

10.13 Other Remedies. For avoidance of doubt, it is understood that nothing in this Agreement shall prevent any ABL Secured Party
or any Note and Specified Hedge Secured Party from exercising any available remedy to accelerate the maturity of any indebtedness or other obligations owing under the ABL Documents or the Note and Specified Hedge Documents, as applicable, or to
demand payment under any guarantee in respect thereof. 
 10.14 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. Delivery of an executed counterpart of
a signature page of this Agreement by telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of this Agreement. This Agreement shall become effective when it shall have been executed by each party
hereto. 
 10.15 Additional Loan Parties. The Initial Loan Parties shall cause each Person that becomes a Loan Party
after the date hereof to become a party to this Agreement by execution and delivery by such Person of a Joinder Agreement in the form of Annex 1 hereto. 
 10.16 Note and Specified Hedge Representative Entitled to Protections. The Note and Specified Hedge Representative shall be afforded in this Agreement all of the same rights, powers, immunities and
indemnities set forth in the Note and Specified Hedge Collateral Trust Agreement as if such rights, powers, immunities and indemnities were specifically set forth in this Agreement. 

  
 34 

 SIGNATURE PAGES TO FOLLOW 

  
 35 

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

			
	JPMORGAN CHASE BANK, N.A., as ABL Representative
		
	By:	 	 /s/ Robert Traband

	Name:	 	Robert Traband
	Title:	 	Managing Director
	
	Address for Notices:
	
	JPMorgan Chase Bank, N.A.
	1111 Fannin Street, Floor 10
	Houston, TX 77002-6925
	Attention: Loan Operations Account Manager
	Fax: (713) 427-6307

 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Note and Specified Hedge Representative 

 

			
	By: Deutsche Bank National Trust Company
		
	By:	 	 /s/ Cynthia J. Powell

	Name:	 	Cynthia J. Powell
	Title:	 	Vice President
		
	By:	 	 /s/ Kenneth R. Ring

	Name:	 	Kenneth R. Ring
	Title:	 	Vice President
	
	Address for Notices:
	
	60 Wall Street
	Mail Stop NYC60-2710
	New York, New York 10005
	Attention: Corporate Team – Deal Manager
	Tel: (201) 593-2507
	Fax: (732) 578-4635
	
	with a copy to:
	
	100 Plaza One
	Mail Stop JCY03-0699
	Jersey City, New Jersey 07311-3901
	Attention: Corporate Team – Deal Manager
	Tel: (201) 593-2507
	Fax: (732) 578-4635

  
 37 

			
	NORTHERN TIER ENERGY LLC
		
	By:	 	 /s/ Mario E. Rodriguez

	Name:	 	Mario E. Rodriguez
	Title:	 	Vice President, Finance
	
	ST. PAUL PARK REFINING CO. LLC
		
	By:	 	 /s/ Mario E. Rodriguez

	Name:	 	Mario E. Rodriguez
	Title:	 	Vice President, Finance
	
	NORTHERN TIER BAKERY LLC
		
	By:	 	 /s/ Mario E. Rodriguez

	Name:	 	Mario E. Rodriguez
	Title:	 	Vice President, Finance
	
	NORTHERN TIER RETAIL LLC
		
	By:	 	 /s/ Mario E. Rodriguez

	Name:	 	Mario E. Rodriguez
	Title:	 	Vice President, Finance
	
	SUPERAMERICA FRANCHISING LLC
		
	By:	 	 /s/ Mario E. Rodriguez

	Name:	 	Mario E. Rodriguez
	Title:	 	Vice President, Finance
	
	NORTHERN TIER FINANCE CORPORATION
		
	By:	 	 /s/ Mario E. Rodriguez

	Name:	 	Mario E. Rodriguez
	Title:	 	Vice President, Finance
	
	Address for Notices:
	
	 Northern Tier Energy LLC
 c/o NTR Partners LLC

	37 Danbury Road, Suite 204
	Ridgefield, Connecticut 06877
	Attention: Hank Kuchta
	Tel: (203) 244-6550
	Fax: (203) 894-8073

  
 38 

 ANNEX 1 
 JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT (this “Agreement”),
dated as of                      , 20    , is executed by
                                        , a
                     (the “New Subsidiary”) in favor of JPMorgan Chase Bank, N.A. (the “ABL Representative”) and
Deutsche Bank Trust Company Americas (“Note and Specified Hedge Representative”), in their capacities as ABL Representative and Note and Specified Hedge Representative, respectively, under that certain Intercreditor Agreement (the
“Intercreditor Agreement”), dated as of December 1, 2010 among the ABL Representative, the Note and Specified Hedge Representative, Northern Tier Energy LLC, Northern Tier Finance Corporation, St. Paul Park Refining Co. LLC,
Northern Tier Bakery LLC, Northern Tier Retail LLC, SuperAmerica Franchising LLC, and each of the Loan Parties party thereto. All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Intercreditor
Agreement. 
 The New Subsidiary, for the benefit of the ABL Representative and the Note and Specified Hedge Representative,
hereby agrees as follows: 
 1. The New Subsidiary hereby acknowledges the Intercreditor Agreement and acknowledges, agrees and
confirms that, by its execution of this Agreement, the New Subsidiary will be deemed to be a Loan Party under the Intercreditor Agreement and shall have all of the obligations of a Loan Party thereunder as if it had executed the Intercreditor
Agreement. The New Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Intercreditor Agreement. 

2. The address of the New Subsidiary for purposes of Section 10.9 of the Intercreditor Agreement is as follows: 

                      
                   

                      
                   

                      
                   

                      
                   
 3. THIS
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE NEW SUBSIDIARY HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

  
 39 

 IN WITNESS WHEREOF, the New Subsidiary has caused this Joinder Agreement to be duly executed
by its authorized officer, as of the day and year first above written. 
  

			
	NEW SUBSIDIARY
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 40Second Supplemental Indenture

 Exhibit 4.1 

 
  

 
 SECOND SUPPLEMENTAL INDENTURE

 GILEAD SCIENCES, INC. 
 AND 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

AS TRUSTEE 

Second Supplemental Indenture 
 Dated as of December 13, 2011 
 Supplementing the Indenture

 Dated as of March 30, 2011 
 2.40% Senior Notes due 2014 
 3.05% Senior Notes due 2016 

4.40% Senior Notes due 2021 
 5.65% Senior Notes due 2041 
  

 
  

  

 SECOND SUPPLEMENTAL INDENTURE, dated as of December 13, 2011
(this “Second Supplemental Indenture”), between Gilead Sciences, Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company”), and Wells Fargo Bank, National Association,
a national banking association, as Trustee (herein called “Trustee”); 
 RECITALS: 

WHEREAS, the Company and the Trustee have heretofore executed and delivered an Indenture, dated as of March 30, 2011
(as heretofore supplemented, the “Base Indenture” and, together with the Second Supplemental Indenture, the “Indenture”), providing for the issuance from time to time of the Company’s debentures, notes or other
evidences of indebtedness (herein and therein called the “Securities”), to be issued in one or more series as provided in the Base Indenture; 
 WHEREAS, Section 12.1 of the Base Indenture permits the Company and the Trustee to enter into an indenture supplemental to the Base Indenture to establish the form and terms of any series of
Securities; 
 WHEREAS, Section 2.1 of the Base Indenture permits the form of Securities of any series to
be established in an indenture supplemental to the Base Indenture; 
 WHEREAS, Section 3.1 of the Base
Indenture permits certain terms of any series of Securities to be established pursuant to an indenture supplemental to the Base Indenture; 
 WHEREAS, pursuant to Sections 2.1 and 3.1 of the Base Indenture, the Company desires to provide for the establishment of a new series of Securities under the Base Indenture, the form and substance of such
Securities and the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this Second Supplemental Indenture; and 
 WHEREAS, all things necessary to make this Second Supplemental Indenture a valid agreement of the Company, in accordance with its terms, have been done. 

NOW, THEREFORE, for and in consideration of the foregoing and the purchase of the Securities of the new series
established by this Second Supplemental Indenture by the holders thereof (the “Holders”), it is mutually agreed, for the equal and proportionate benefit of all such Holders, as follows: 

ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.01 Relation to Base Indenture. This Second Supplemental Indenture
constitutes a part of the Base Indenture (the provisions of which, as modified by this Second Supplemental Indenture, shall apply to each series of Notes (as defined in Section 5.01(a))) in respect of such series of Notes but shall not modify,
amend or otherwise affect the Base Indenture insofar as it relates to any other series of Securities or modify, amend or otherwise affect in any manner the terms and conditions of the Securities of any other series. 

  
 1 

 Section 1.02 Definitions. For all
purposes of this Second Supplemental Indenture, the capitalized terms used herein (i) which are defined in this Section 1.02 have the respective meanings assigned hereto in this Section 1.02 and (ii) which are defined in the Base
Indenture (and which are not defined in this Section 1.02) have the respective meanings assigned thereto in the Base Indenture. For all purposes of this Second Supplemental Indenture: 

(a) Unless the context otherwise requires, any reference to an Article or Section refers to an Article or Section, as
the case may be, of this Second Supplemental Indenture; 
 (b) The words “herein,” “hereof”
and “hereunder” and words of similar import refer to this Second Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision; 

(c) Headings are for convenience of reference only and do not affect interpretations; and 

(d) The terms defined in this Section 1.02(d) have the meanings assigned to them in this Section and include the
plural as well as the singular: 
 “Merger Agreement” means the Agreement and Plan of Merger
among Pharmasset, the Company and Royal Merger Sub, dated as of November 21, 2011, as it may be amended from time to time. 
 “Notes” has the meaning set forth in Section 5.01(a). 
 “Pharmasset” means Pharmasset, Inc., a Delaware corporation. 
 “Royal Merger Sub” means Royal Merger Sub Inc., a Delaware corporation and direct wholly owned subsidiary of the Company. 

“Royal Merger Sub II” means Royal Merger Sub II Inc., a Delaware corporation and indirect wholly owned
subsidiary of the Company. 
 “Special Mandatory Redemption Date” means the date that is the
earlier to occur of: (i) July 31, 2012, if the Tender Offer has not been consummated on or prior to June 30, 2012, and (ii) the 30th day (of if such day is not a Business Day, the first Business Day thereafter) following the termination of the Merger
Agreement for any reason. 
 “Special Mandatory Redemption Price” has the meaning set forth in
Section 7.02. 
 “Tender Offer” means the tender offer by the Company, Royal Merger Sub
and Royal Merger Sub II to purchase all of the outstanding shares of common stock, par value $0.001 per share, of Pharmasset, as such tender offer may be amended from time to time. 

  
 2 

 ARTICLE 2 
 GENERAL TERMS AND CONDITIONS OF THE 2014 NOTES 

Section 2.01 Terms of the 2014 Notes. Pursuant to Sections 2.1 and 3.1 of the
Base Indenture, there is hereby established a new series of Securities, the terms of which shall be as follows: 
 (a) Designation. There is hereby authorized and established a new series of Securities under the Base Indenture, known and designated as the “2.40% Senior Notes due 2014” (the
“2014 Notes”) of the Company. This series of 2014 Notes is unlimited in aggregate principal amount. The initial aggregate principal amount of the 2014 Notes to be issued under this Second Supplemental Indenture shall be
$750,000,000. Any additional amounts of the 2014 Notes to be issued shall be set forth in a Company Order. 

(b) Form and Denominations. The 2014 Notes will be issued only in fully registered form, and the authorized
denominations of the 2014 Notes shall be $2,000 principal amount and any integral multiple of $1,000 in excess thereof. The 2014 Notes will initially be issued in the form of one or more Global Securities substantially in the form of
Exhibit A attached hereto, with such modifications thereto as may be approved by the authorized officer executing the same. The 2014 Notes will be denominated in U.S. dollars and payments of principal, premium, if any, and interest will
be made in U.S. dollars. 
 (c) Maturity Date. The Stated Maturity of principal for the 2014 Notes shall
be payable in full on December 1, 2014 (the “2014 Notes Maturity Date”). 
 (d)
Interest. Interest payable on any 2014 Notes Interest Payment Date (as defined below), the 2014 Notes Maturity Date, or if applicable, the Redemption Date (as determined in accordance with Section 4.2 of the Base Indenture) shall be the
amount accrued from, and including, the immediately preceding 2014 Notes Interest Payment Date in respect of which interest has been paid or duly provided for (or from and including the original issue date of December 13, 2011, if no interest
has been paid or duly provided for with respect to the 2014 Notes) to but excluding such 2014 Notes Interest Payment Date, 2014 Notes Maturity Date or, if applicable, Redemption Date, as the case may be (each, a “2014 Notes Interest
Period”). The 2014 Notes will bear interest at the rate of 2.40% per year from the original issue date thereof to the 2014 Notes Maturity Date. Interest on the 2014 Notes shall be payable semi-annually in arrears on June 1 and
December 1 of each year, beginning on June 1, 2012 (each such date, a “2014 Notes Interest Payment Date”). The amount of interest payable for any semi-annual 2014 Notes Interest Period will be computed on the basis of a
360-day year consisting of twelve 30-day months. In the event any 2014 Notes Interest Payment Date on or before the 2014 Notes Maturity Date falls on a day that is not a Business Day, the interest payment due on that date will be postponed to the
next day that is a Business Day and no interest shall accrue as a result of such postponement. 
 In the event
the 2014 Notes Maturity Date or a Redemption Date for any Note falls on a day that is not a Business Day, then the related payments of principal, premium, if any, and interest may be made on the next succeeding date that is a Business Day (and no
additional 

  
 3 

 
interest will accumulate on the amount payable for the period from and after the 2014 Notes Maturity Date for such 2014 Note). Interest due on the 2014 Notes Maturity Date or a Redemption Date
(in each case, whether or not a 2014 Notes Interest Payment Date) will be paid to the Person to whom principal of such 2014 Notes is payable. 
 (e) Sinking Fund; Holder Repurchase Right. The 2014 Notes shall not be subject to any sinking fund or analogous provision or be redeemable at the option of the Holders. 

(f) Forms. The 2014 Notes shall be substantially in the form of Exhibit A attached hereto, with such
modifications thereto as may be approved by the authorized officer executing the same. 
 (g) Appointment of
Agent. The Trustee will initially be the Registrar and Paying Agent with respect to the 2014 Notes. 
 (h)
Defeasance. Until the applicable 2014 Notes Maturity Date, the 2014 Notes will be subject to Sections 11.2 and 11.3 of the Base Indenture. 
 (i) Further Issues. The Company may from time to time, without the consent of the Holders of 2014 Notes, issue additional 2014 Notes. Any such additional 2014 Notes will have the same ranking,
interest rate, maturity date and other terms as the 2014 Notes. Any such additional 2014 Notes, together with the 2014 Notes herein provided for, will constitute a single series of Securities under the Indenture. 

ARTICLE 3  
 GENERAL TERMS AND CONDITIONS OF THE 2016 NOTES 

Section 3.01 Terms of the 2016 Notes. Pursuant to Sections 2.1 and 3.1 of the
Base Indenture, there is hereby established a new series of Securities, the terms of which shall be as follows: 
 (a) Designation. There is hereby authorized and established a new series of Securities under the Base Indenture, known and designated as the “3.05% Senior Notes due 2016” (the
“2016 Notes”) of the Company. This series of 2016 Notes is unlimited in aggregate principal amount. The initial aggregate principal amount of the 2016 Notes to be issued under this Second Supplemental Indenture shall be
$700,000,000. Any additional amounts of the 2016 Notes to be issued shall be set forth in a Company Order. 

(b) Form and Denominations. The 2016 Notes will be issued only in fully registered form, and the authorized
denominations of the 2016 Notes shall be $2,000 principal amount and any integral multiple of $1,000 in excess thereof. The 2016 Notes will initially be issued in the form of one or more Global Securities substantially in the form of
Exhibit B attached hereto, with such modifications thereto as may be approved by the authorized officer executing the same. The 2016 Notes will be denominated in U.S. dollars and payments of principal, premium, if any, and interest will
be made in U.S. dollars. 

  
 4 

 (c) Maturity Date. The Stated Maturity of principal for the 2016
Notes shall be payable in full on December 1, 2016 (the “2016 Notes Maturity Date”). 

(d) Interest. Interest payable on any 2016 Notes Interest Payment Date (as defined below), the 2016 Notes
Maturity Date, or if applicable, the Redemption Date (as determined in accordance with Section 4.2 of the Base Indenture) shall be the amount accrued from, and including, the immediately preceding 2016 Interest Payment Date in respect of which
interest has been paid or duly provided for (or from and including the original issue date of December 13, 2011, if no interest has been paid or duly provided for with respect to the 2016 Notes) to but excluding such 2016 Interest Payment Date,
2016 Notes Maturity Date or, if applicable, Redemption Date, as the case may be (each, a “2016 Notes Interest Period”). The 2016 Notes will bear interest at the rate of 3.05% per year from the original issue date thereof to the
2016 Notes Maturity Date. Interest on the 2016 Notes shall be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2012 (each such date, a “2016 Notes Interest Payment Date”).
The amount of interest payable for any semi-annual 2016 Notes Interest Period will be computed on the basis of a 360-day year consisting of twelve 30-day months. In the event any 2016 Notes Interest Payment Date on or before the 2016 Notes Maturity
Date falls on a day that is not a Business Day, the interest payment due on that date will be postponed to the next day that is a Business Day and no interest shall accrue as a result of such postponement. 

In the event the 2016 Notes Maturity Date or a Redemption Date for any Note falls on a day that is not a Business Day,
then the related payments of principal, premium, if any, and interest may be made on the next succeeding date that is a Business Day (and no additional interest will accumulate on the amount payable for the period from and after the 2016 Notes
Maturity Date for such 2016 Note). Interest due on the 2016 Notes Maturity Date or a Redemption Date (in each case, whether or not a 2016 Notes Interest Payment Date) will be paid to the Person to whom principal of such 2016 Notes is payable.

 (e) Sinking Fund; Holder Repurchase Right. The 2016 Notes shall not be subject to any sinking fund or
analogous provision or be redeemable at the option of the Holders. 
 (f) Forms. The 2016 Notes shall be
substantially in the form of Exhibit B attached hereto, with such modifications thereto as may be approved by the authorized officer executing the same. 

(g) Appointment of Agent. The Trustee will initially be the Registrar and Paying Agent with respect to the 2016
Notes. 
 (h) Defeasance. Until the applicable 2016 Notes Maturity Date, the 2016 Notes will be subject
to Sections 11.2 and 11.3 of the Base Indenture. 
 (i) Further Issues. The Company may from time to
time, without the consent of the Holders of 2016 Notes, issue additional 2016 Notes. Any such additional 2016 Notes will have the same ranking, interest rate, maturity date and other terms as the 2016 Notes. Any such additional 2016 Notes, together
with the 2016 Notes herein provided for, will constitute a single series of Securities under the Indenture. 

  
 5 

 ARTICLE 4  

GENERAL TERMS AND CONDITIONS OF THE 2021 NOTES 

Section 4.01 Terms of the 2021 Notes. Pursuant to Sections 2.1 and 3.1 of the Base Indenture, there
is hereby established a new series of Securities, the terms of which shall be as follows: 
 (a)
Designation. There is hereby authorized and established a new series of Securities under the Base Indenture, known and designated as the “4.40% Senior Notes due 2021” (the “2021 Notes”) of the Company. This series
of 2021 Notes is unlimited in aggregate principal amount. The initial aggregate principal amount of the 2021 Notes to be issued under this Second Supplemental Indenture shall be $1,250,000,000. Any additional amounts of the 2021 Notes to be issued
shall be set forth in a Company Order. 
 (b) Form and Denominations. The 2021 Notes will be issued only
in fully registered form, and the authorized denominations of the 2021 Notes shall be $2,000 principal amount and any integral multiple of $1,000 in excess thereof. The 2021 Notes will initially be issued in the form of one or more Global Securities
substantially in the form of Exhibit C attached hereto, with such modifications thereto as may be approved by the authorized officer executing the same. The 2021 Notes will be denominated in U.S. dollars and payments of principal,
premium, if any, and interest will be made in U.S. dollars. 
 (c) Maturity Date. The Stated Maturity of
principal for the 2021 Notes shall be payable in full on December 1, 2021 (the “2021 Notes Maturity Date”). 
 (d) Interest. Interest payable on any 2021 Notes Interest Payment Date (as defined below), the 2021 Notes Maturity Date, or if applicable, the Redemption Date (as determined in accordance with
Section 4.2 of the Base Indenture) shall be the amount accrued from, and including, the immediately preceding 2021 Interest Payment Date in respect of which interest has been paid or duly provided for (or from and including the original issue
date of December 13, 2011, if no interest has been paid or duly provided for with respect to the 2021 Notes) to but excluding such 2021 Interest Payment Date, 2021 Notes Maturity Date or, if applicable, Redemption Date, as the case may be
(each, a “2021 Notes Interest Period”). The 2021 Notes will bear interest at the rate of 4.40% per year from the original issue date thereof to the 2021 Notes Maturity Date. Interest on the 2021 Notes shall be payable
semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2012 (each such date, a “2021 Notes Interest Payment Date”). The amount of interest payable for any semi-annual 2021 Notes Interest
Period will be computed on the basis of a 360-day year consisting of twelve 30-day months. In the event any 2021 Notes Interest Payment Date on or before the 2021 Notes Maturity Date falls on a day that is not a Business Day, the interest payment
due on that date will be postponed to the next day that is a Business Day and no interest shall accrue as a result of such postponement. 
 In the event the 2021 Notes Maturity Date or a Redemption Date for any Note falls on a day that is not a Business Day, then the related payments of principal, premium, if any, and interest may be made on
the next succeeding date that is a Business Day (and no additional 

  
 6 

 
interest will accumulate on the amount payable for the period from and after the 2021 Notes Maturity Date for such 2021 Note). Interest due on the 2021 Notes Maturity Date or a Redemption Date
(in each case, whether or not a 2021 Notes Interest Payment Date) will be paid to the Person to whom principal of such 2021 Notes is payable. 
 (e) Sinking Fund; Holder Repurchase Right. The 2021 Notes shall not be subject to any sinking fund or analogous provision or be redeemable at the option of the Holders. 

(f) Forms. The 2021 Notes shall be substantially in the form of Exhibit C attached hereto, with such
modifications thereto as may be approved by the authorized officer executing the same. 
 (g) Appointment of
Agent. The Trustee will initially be the Registrar and Paying Agent with respect to the 2021 Notes. 
 (h)
Defeasance. Until the applicable 2021 Notes Maturity Date, the 2021 Notes will be subject to Sections 11.2 and 11.3 of the Base Indenture. 
 (i) Further Issues. The Company may from time to time, without the consent of the Holders of 2021 Notes, issue additional 2021 Notes. Any such additional 2021 Notes will have the same ranking,
interest rate, maturity date and other terms as the 2021 Notes. Any such additional 2021 Notes, together with the 2021 Notes herein provided for, will constitute a single series of Securities under the Indenture. 

ARTICLE 5 

GENERAL TERMS AND CONDITIONS OF THE 2041 NOTES  

Section 5.01 Terms of the 2041 Notes. Pursuant to Sections 2.1 and 3.1 of the Base Indenture, there is
hereby established a new series of Securities, the terms of which shall be as follows: 
 (a)
Designation. There is hereby authorized and established a new series of Securities under the Base Indenture, known and designated as the “5.65% Senior Notes due 2041” (the “2041 Notes” and, together with the 2014
Notes, the 2016 Notes and the 2021 Notes, the “Notes”) of the Company. This series of 2041 Notes is unlimited in aggregate principal amount. The initial aggregate principal amount of the 2041 Notes to be issued under this Second
Supplemental Indenture shall be $1,000,000,000. Any additional amounts of the 2041 Notes to be issued shall be set forth in a Company Order. 
 (b) Form and Denominations. The 2041 Notes will be issued only in fully registered form, and the authorized denominations of the 2041 Notes shall be $2,000 principal amount and any integral
multiple of $1,000 in excess thereof. The 2041 Notes will initially be issued in the form of one or more Global Securities substantially in the form of Exhibit D attached hereto, with such modifications thereto as may be approved by the
authorized officer executing the same. The 2041 Notes will be denominated in U.S. dollars and payments of principal, premium, if any, and interest will be made in U.S. dollars. 

  
 7 

 (c) Maturity Date. The Stated Maturity of principal for the 2041
Notes shall be payable in full on December 1, 2041 (the “2041 Notes Maturity Date”). 

(d) Interest. Interest payable on any 2041 Notes Interest Payment Date (as defined below), the 2041 Notes
Maturity Date, or if applicable, the Redemption Date (as determined in accordance with Section 4.2 of the Base Indenture) shall be the amount accrued from, and including, the immediately preceding 2041 Interest Payment Date in respect of which
interest has been paid or duly provided for (or from and including the original issue date of December 13, 2011, if no interest has been paid or duly provided for with respect to the 2041 Notes) to but excluding such 2041 Interest Payment Date,
2041 Notes Maturity Date or, if applicable, Redemption Date, as the case may be (each, a “2041 Notes Interest Period”). The 2041 Notes will bear interest at the rate of 5.65% per year from the original issue date thereof to the
2041 Notes Maturity Date. Interest on the 2041 Notes shall be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2012 (each such date, a “2041 Notes Interest Payment Date”).
The amount of interest payable for any semi-annual 2041 Notes Interest Period will be computed on the basis of a 360-day year consisting of twelve 30-day months. In the event any 2041 Notes Interest Payment Date on or before the 2041 Notes Maturity
Date falls on a day that is not a Business Day, the interest payment due on that date will be postponed to the next day that is a Business Day and no interest shall accrue as a result of such postponement. 

In the event the 2041 Notes Maturity Date or a Redemption Date for any Note falls on a day that is not a Business Day,
then the related payments of principal, premium, if any, and interest may be made on the next succeeding date that is a Business Day (and no additional interest will accumulate on the amount payable for the period from and after the 2041 Notes
Maturity Date for such 2041 Note). Interest due on the 2041 Notes Maturity Date or a Redemption Date (in each case, whether or not a 2041 Notes Interest Payment Date) will be paid to the Person to whom principal of such 2041 Notes is payable.

 (e) Sinking Fund; Holder Repurchase Right. The 2041 Notes shall not be subject to any sinking fund or
analogous provision or be redeemable at the option of the Holders. 
 (f) Forms. The 2041 Notes shall be
substantially in the form of Exhibit D attached hereto, with such modifications thereto as may be approved by the authorized officer executing the same. 

(g) Appointment of Agent. The Trustee will initially be the Registrar and Paying Agent with respect to the 2041
Notes. 
 (h) Defeasance. Until the applicable 2041 Notes Maturity Date, the 2041 Notes will be subject
to Sections 11.2 and 11.3 of the Base Indenture. 
 (i) Further Issues. The Company may from time to
time, without the consent of the Holders of 2041 Notes, issue additional 2041 Notes. Any such additional 2041 Notes will have the same ranking, interest rate, maturity date and other terms as the 2041 Notes. Any such additional 2041 Notes, together
with the 2041 Notes herein provided for, will constitute a single series of Securities under the Indenture. 

  
 8 

 ARTICLE 6 
 EVENTS OF DEFAULT 
 Section 6.01. Events
of Default. Pursuant to Section 7.1 of the Base Indenture, the term “Event of Default” with respect to each series of Notes shall include, in addition to those otherwise set forth in Section 7.1 of the Base Indenture, the
following: the occurrence with respect to any Debt of the Company individually or in the aggregate in excess of $100,000,000 of (a) an event of default that results in such Debt becoming due and payable prior to its scheduled maturity (after
giving effect to any applicable grace period) or (b) the failure to make any payment when due (including any applicable grace period) which results in the acceleration of the maturity of such Debt, in each case without such acceleration having
been rescinded, annulled or otherwise cured. 
 ARTICLE 7  

REDEMPTION OF THE NOTES 
 Section 7.01 Optional Redemption by Company. Each series of Notes may be redeemed at the option of the Company on the terms and conditions set forth in the form of Note as set forth as
Exhibit A, Exhibit B, Exhibit C or Exhibit D, as applicable. 

Section 7.02 Special Mandatory Redemption by the Company. If for any reason (i) the Tender Offer
is not consummated on or prior to June 30, 2012 or (ii) the Merger Agreement is terminated at any time prior thereto, then the Company shall redeem all the Notes on the Special Mandatory Redemption Date at a redemption price equal to 101%
of the aggregate principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date (the “Special Mandatory Redemption Price”). 

Section 7.03 Special Mandatory Redemption Procedures. 

(a) Notice of redemption pursuant to Section 7.02 (a “Special Mandatory Redemption Notice”) shall
be given by the Company, with a copy to the Trustee, within five Business Days after the occurrence of the event triggering redemption to each Holder of Notes at such Holder’s address as such address shall appear in the records of the
Registrar. 
 A Special Mandatory Redemption Notices shall state: 

(i) the Special Mandatory Redemption Date; 

(ii) the Special Mandatory Redemption Price for each series of Notes; 

(iii) that on the Special Mandatory Redemption Date, the Special Mandatory Redemption Price will become due and payable
with respect to each Note; 
 (iv) the place or places of payment where the Notes are to be surrendered for
payment of the Special Mandatory Redemption Price; 

  
 9 

 (v) the CUSIP or ISIN numbers of the Notes, if any (or any other numbers
used by the Depositary to identify the Notes); and 
 (vi) if funds sufficient to pay the Special Mandatory
Redemption Price of all Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee or with a Paying Agent on or before such Special Mandatory Redemption Date, that such Notes shall cease to bear interest on and
after such Special Mandatory Redemption Date. 
 (b) On or prior to 11:00 a.m., New York City time, on the
Special Mandatory Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent an amount of money in the Currency in which the Notes are denominated sufficient to pay the Special Mandatory Redemption Price of the Notes that are
to be redeemed on that date. 
 (c) Each Special Mandatory Redemption Notice having been given as aforesaid,
the Notes shall, on the Special Mandatory Redemption Date, become due and payable at the Special Mandatory Redemption Price therein specified. If funds sufficient to pay the Special Mandatory Redemption Price of all Securities to be redeemed on the
Special Mandatory Redemption Date are deposited with the Trustee or with the Paying Agent on or before such Special Mandatory Redemption Date, the Notes shall cease to bear interest on and after such Special Mandatory Redemption Date (unless the
Company shall default on the payment of the Special Mandatory Redemption Price). Upon surrender of any Note for redemption in accordance with said notice, such Note shall be paid by the Company at the Special Mandatory Redemption Price;
provided, however, that installments of interest on Notes for which the relevant Interest Payment Date is on or prior to the Special Mandatory Redemption Date shall be due and payable to the Holders of such Notes as of the close of
business on the relevant Regular Record Date. 
 (d) If any Note called for redemption shall not be so paid
upon surrender thereof for redemption, the principal thereof shall, until paid, bear interest from the Special Mandatory Redemption Date at the rate prescribed therefor in the Note. 

ARTICLE 8  
 CHANGE OF CONTROL 
 Section 8.01 Offer to
Purchase Upon Change of Control Triggering Event. Upon the occurrence of a Change of Control Triggering Event (as defined in the form of Note set forth as Exhibit A, Exhibit B, Exhibit C or Exhibit D, as
applicable), except with respect to any series of Notes for which the Company has exercised its option to redeem the Notes of such series in full pursuant to Section 7.01, the Company shall be required to make an offer to each Holder of the
applicable series of Notes to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that Holder’s applicable series of Notes on the terms and conditions set forth in the form of Note set forth as
Exhibit A, Exhibit B, Exhibit C or Exhibit D, as applicable. 

  
 10 

 ARTICLE 9  

MISCELLANEOUS 
 Section 9.01 Relationship to Existing Base Indenture. This Second Supplemental Indenture is a supplemental indenture within the meaning of the Base Indenture. The
Base Indenture, as supplemented and amended by this Second Supplemental Indenture, is in all respects ratified, confirmed and approved and, with respect to each series of Notes, the Base Indenture, as supplemented and amended by this Second
Supplemental Indenture, shall be read, taken and construed as one and the same instrument. 

Section 9.02 Modification of The Existing Base Indenture. Except as expressly
modified by this Second Supplemental Indenture, the provisions of the Base Indenture shall govern the terms and conditions of each series of Notes. 
 Section 9.03 Governing Law. This Second Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York. 

Section 9.04 Counterparts. This Second Supplemental Indenture may be executed in
any number of counterparts, each of which when so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

Section 9.05 Trustee Makes No Representation. The recitals contained herein are
made by the Company and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Second Supplemental Indenture (except for its execution
thereof and its certificates of authentication of any series of Notes). 
 Section 9.06
Separability. In case any provision in the Base Indenture, this Second Supplemental Indenture or any series of Notes shall for any reason be held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the
remaining provisions shall not in any way be affected or impaired thereby. 
 [Signature page follows] 

  
 11 

 IN WITNESS WHEREOF, the parties hereto have caused this Second
Supplemental Indenture to be duly executed and attested all as of the day and year first above written. 
 Date:
December 13, 2011 
  

					
	 GILEAD SCIENCES, INC.,
 as Issuer

		
	 By:
	 	 /s/ Robin L. Washington

		 	 Name: Robin L. Washington

		 	 Title:   Senior Vice President and Chief

            Financial Officer

  
  

					
	 WELLS FARGO BANK,

NATIONAL ASSOCIATION,

as Trustee

		
	 By:
	 	 /s/ Martin Reed

		 	 Name: Martin Reed

		 	 Title:   Vice President

  
  
 [Second Supplemental Indenture] 

  

 EXHIBIT A 
 FORM OF 2014 SENIOR NOTE 
 THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF THE DEPOSITARY WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE OR ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS
SECURITY FOR ALL PURPOSES. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 GILEAD SCIENCES, INC. 
  

			
	 No.     
	  	CUSIP NO. 375558 AR4
		  	$                          
  

 Interest. Gilead Sciences, Inc., a corporation duly incorporated and existing
under the laws of the State of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or
registered assigns, the principal sum of                      DOLLARS ($        ), as revised
by the Schedule of Increases or Decreases in Global Security attached hereto, on December 1, 2014 and to pay interest thereon from December 13, 2011 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on June 1 and December 1 in each year, commencing June 1, 2012, at the rate of 2.40% per annum, until the principal hereof is paid or made available for payment. 

Method of Payment. 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 the May 15 or
November 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable

  
 A-1

 
to the Holder on such Regular Record Date and may either 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
Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.

 Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or
agency of the Trustee maintained for that purpose in New York, 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. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this place. 
 Authentication.
Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

  
 A-2

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal. 
  

			
	 GILEAD SCIENCES, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
  
  

 
  

[Global 2014 Note] 

  
 A-3

 [FORM OF CERTIFICATION OF AUTHENTICATION] 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

							
	 Date of authentication:
	 		 	 WELLS FARGO BANK,
 NATIONAL ASSOCIATION,
 as Trustee

				
		 		 	By:	 	  

		 		 		 	 Authorized Signatory

  
 A-4

 [FORM OF REVERSE OF 2014 NOTE] 

Indenture. 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 March 30, 2011 (as heretofore supplemented, herein called the “Base Indenture”, which term shall have the meaning
assigned to it in such instrument), as supplemented by a Second Supplemental Indenture dated as of December 13, 2011 (herein called the “Second Supplemental Indenture”, and together with the Base Indenture, the
“Indenture”), between the Company and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to
the Indenture 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 in aggregate principal amount to $750,000,000. The Company may at any time issue additional securities under the Indenture in unlimited
amounts having the same terms as the Securities. 
 Optional Redemption. The Securities of this series
are subject to redemption at the Company’s option, at any time and from time to time, in whole or in part, upon not less than 30 nor more than 60 days’ notice mailed to each Holder of Securities to be redeemed at his address as it
appears in the records of the Registrar, on any date prior to their Stated Maturity at a Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed, plus accrued and unpaid interest thereon to
the Redemption Date or (ii) as determined by an Independent Investment Banker (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of
interest accrued as of the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 35 basis points, plus in each case accrued
and unpaid interest thereon to the Redemption Date; provided that unless the Company defaults in payment of the Redemption Price, on or after the Redemption Date, interest will cease to accrue on the Securities or portions thereof called for
redemption. 
 For purposes of determining the optional redemption price, the following definitions are
applicable: 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption
Date. The semi-annual equivalent yield to maturity of the Comparable Treasury Issue will be computed as of the third business day immediately preceding the Redemption Date. 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of the Securities. 

  
 A-5

 “Comparable Treasury Price” means, with respect to any
Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer
than four Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations so received. 
 “Independent Investment Banker” means the Reference Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc., their successors and two other nationally recognized investment
banking firms; provided, however, that, if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor another
nationally recognized investment banking firm that is a Primary Treasury Dealer. 
 “Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the
Securities (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding such
Redemption Date. 
 In the event of redemption of this Security in part only, a new Security or Securities of
this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 Mandatory Redemption. If for any reason (i) the Tender Offer is not consummated on or prior to June 30, 2012 or (ii) the Merger Agreement is terminated at any time prior thereto,
then the Company shall redeem all the Securities of this series on the Special Mandatory Redemption Date at a redemption price equal to 101% of the aggregate principal amount of the Securities of this series, plus accrued and unpaid interest, if
any, to, but excluding, the Special Mandatory Redemption Date. 
 Change of Control. If a Change of
Control Triggering Event occurs, unless the Company has exercised its right to redeem the Securities as described above, it will be required to make an offer to repurchase all, or any part (equal to $2,000 or an integral multiple of $1,000 in excess
thereof), of each Holder’s Securities pursuant to the offer described below (the “Change of Control Offer”) on the terms set forth herein. In the Change of Control Offer, the Company will be required to offer payment in cash
equal to 101% of the aggregate principal amount of Securities repurchased plus accrued and unpaid interest, if any, on the Securities repurchased, to the date of repurchase (the “Change of Control Payment”), subject to the rights of
Holders of Securities on the relevant record date to receive interest due on the relevant Interest Payment Date. 
 Within 30 days following any Change of Control Triggering Event or, at the Company’s option, prior to any Change of Control but after the public announcement of the pending Change

  
 A-6

 
of Control, the Company will be required to mail a notice to Holders of Securities describing the transaction or transactions that constitute or may constitute the Change of Control Triggering
Event and offering to repurchase the Securities on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”),
pursuant to the procedures required herein and described in such notice. The Company must comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other
securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Triggering Event. To the extent that the provisions of any
securities laws or regulations conflict with the Change of Control provisions herein, the Company will be required to comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change
of Control provisions herein by virtue of such conflicts. 
 On the Change of Control Payment Date, the Company
will be required, to the extent lawful, to: 
 (a) accept for payment all Securities or portions of Securities
properly tendered, and not validly withdrawn, pursuant to the Change of Control Offer; 
 (b) deposit with the
Paying Agent an amount equal to the Change of Control Payment in respect of all Securities or portions of Securities properly tendered and not validly withdrawn; and 

(c) deliver or cause to be delivered to the Trustee the Securities properly accepted together with an Officers’
Certificate stating the aggregate principal amount of Securities or portions of Securities being purchased by the Company. 
 The Paying Agent will be required to mail promptly to each Holder who properly tendered Securities the purchase price for such Securities and the Trustee will be required to authenticate and mail (or
cause to be transferred by book entry) promptly to each such Holder a new Security equal in principal amount to any unpurchased portion of the Securities surrendered, if any; provided that each new Security will be in a principal amount of
$2,000 or an integral multiple of $1,000 in excess thereof. 
 Notwithstanding the foregoing, the Company will
not be required to make a Change of Control Offer with respect to the Securities upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the
requirements for such an offer made by the Company and the third party purchases all such Securities properly tendered and not validly withdrawn under its offer. Further, the Company will not be required to repurchase any Securities if there has
occurred and is continuing on the Change of Control Payment Date an Event of Default. 
 For purposes of the
foregoing discussion of a repurchase at the option of Holders, the following definitions are applicable: 

“Capital Stock” means the capital stock of every class whether now or hereafter authorized, regardless
of whether such capital stock shall be limited to a fixed sum or percentage 

  
 A-7

 
with respect to the rights of the holders thereof to participate in dividends and in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of such
corporation. 
 “Change of Control” means the occurrence of any of the following: 

(a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or more series of related transactions, of all or substantially all of the Company’s assets and the assets of its Subsidiaries, taken as a whole, to any “person” (as that term is used in Section 13(d)(3) of
the Exchange Act), other than the Company or one of its Subsidiaries; 
 (b) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its Subsidiaries, becomes the
“beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s then outstanding Voting Stock or other Voting Stock into which the Company’s Voting Stock is
reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; 
 (c)
the Company consolidates, or merges with or into any person, or any person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of its Voting Stock or the Voting Stock of such other person
is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or
exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of the surviving person immediately after giving effect to such transaction; 

(d) the first day on which a majority of the Company’s members of its board of directors are not Continuing
Directors; or 
 (e) the adoption of a plan relating to the Company’s liquidation or dissolution.

 Notwithstanding paragraphs (a), (b) and (c) above, a transaction will not be considered to be a
Change of Control if (a) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (b)(x) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are
substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (y) immediately following that transaction, no person is the beneficial owner, directly or indirectly, of more than 50% of the
Voting Stock of such holding company. 
 “Change of Control Triggering Event” means the
occurrence of both a Change of Control and a Rating Event. 
 “Continuing Directors” means, as
of any date of determination, any member of the Company’s board of directors who (a) was a member of such board of directors on March 30, 2011 or (b) was nominated for election, elected or appointed to such board of directors
with the 

  
 A-8

 
approval of a majority of the Continuing Directors who were members of such board of directors at the time of such nomination, election or appointment (either by a specific vote or by approval of
a proxy statement in which such member was named as a nominee for election as a director). 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or Rating
Agencies selected by the Company. 
 “Moody’s” means Moody’s Investors Service, Inc.,
a subsidiary of Moody’s Corporation, and its successors. 
 “Rating Agencies” means
(a) each of Moody’s and S&P; and (b) if any of Moody’s or S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a
“nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act that is selected by the Company (as certified by a resolution of the Company’s board of directors) as a
replacement agency for Moody’s or S&P, or both of them, as the case may be. 
 “Rating
Event” means, with respect to the Securities, the rating on the Securities is lowered below Investment Grade by each of the Rating Agencies on any date beginning on the date of public notice of an arrangement that could result in a Change
of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which 60-day period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible
downgrade by any of the Rating Agencies). 
 “S&P” means Standard & Poor’s
Ratings Services, a division of The McGraw-Hill Companies, Inc., and its successors. 
 “Voting
Stock” means, with respect to any specified person as of any date, the Capital Stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain
restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture, which provisions apply to this Security. This Security is not subject to repayment at the
Holder’s option. 
 No reference herein to the Indenture and no provision of this Security or the Indenture
shall affect or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Security at the respective due dates, place and rate, and in the Currency herein prescribed.

 Default and Remedies. If an Event of Default with respect to Securities of this series shall occur and
be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

  
 A-9

 Amendment, Modification and Waiver. The Indenture permits, 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 to be affected under the Indenture at any time by the
Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages
in principal amount of the Securities of each 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 Security and of any Security 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. 
 Denominations; Transfer and Exchange. As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the records of the
Registrar, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium 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 Registrar duly executed by, the Holder hereof or the Holder’s 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. 
 The Securities of this series are issuable only in registered form in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. As provided in the Indenture and subject to certain
limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.

 No service charge shall be made to a Holder 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. 
 Persons Deemed Owners. 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. 

Miscellaneous. The Indenture and the Securities, including this Security, shall be governed by and
construed in accordance with the law of the State of New York. 
 All terms used in this Security and not
defined herein shall have the meanings assigned to them in the Indenture. 

  
 A-10

 Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused “CUSIP” numbers to be printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the correctness or accuracy of such CUSIP numbers
as printed on the Securities, and reliance may be placed only on the other identification numbers printed hereon. 
 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

  
 A-11

 ASSIGNMENT FORM 
 FOR VALUE RECEIVED, the undersigned hereby 
 sells, assigns and transfers unto

  

	
	 PLEASE INSERT SOCIAL

SECURITY OR OTHER IDENTIFYING

NUMBER OF ASSIGNEE

  
  

 

	
	 (Please Print or Typewrite Name and Address, including Zip Code, of Assignee)

	
	     

	 the within Security of Gilead Sciences, Inc. and
                     hereby does irrevocably constitute and appoint

	
	     

	 Attorney to transfer said Security on the books of the within-named Company with full power of substitution in the
premises

  

			
	 Dated:
	 	 

  

			
	 Signature
	 	 

  

	
	 NOTICE: The signature to this assignment must correspond with the name as it appears on the first page of the within Security in every particular, without
alteration or enlargement or any change whatever.

  

			
	 Signature

Guaranteed:
	 	 

  

	
	 NOTICE: Signature(s) must be guaranteed by an “eligible guarantor institution” that is a member or participant in a “signature guarantee
program” (e.g., the Securities Transfer Agents Medallion Program, the Stock Exchange Medallion Program and the New York Stock Exchange Medallion Program).

  
 A-12

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

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

 

									
	 Date of
 Exchange
	  	 Amount of increase in
 Principal Amount of
 this Global Security
	  	 Amount of decrease
 in Principal Amount
 of this Global
 Security
	  	 Principal Amount of
 this Global Security
following such
 decrease or increase
	  	 Signature of
 authorized signatory
 of Trustee

	     
	  		  		  		  	
	     
	  		  		  		  	
	     
	  		  		  		  	

  
 A-13

 EXHIBIT B 
 FORM OF 2016 SENIOR NOTE 
 THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF THE DEPOSITARY WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE OR ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS
SECURITY FOR ALL PURPOSES. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 GILEAD SCIENCES, INC. 
  

			
	 No.     
	  	 CUSIP NO. 375558 AT0
 $                            

 Interest. Gilead Sciences, Inc., a corporation duly incorporated and existing
under the laws of the State of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or
registered assigns, the principal sum of                      DOLLARS ($        ), as revised
by the Schedule of Increases or Decreases in Global Security attached hereto, on December 1, 2016 and to pay interest thereon from December 13, 2011 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on June 1 and December 1 in each year, commencing June 1, 2012, at the rate of 3.05% per annum, until the principal hereof is paid or made available for payment. 

Method of Payment. 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 the May 15 or
November 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable

  
 B-1

 
to the Holder on such Regular Record Date and may either 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
Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.

 Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or
agency of the Trustee maintained for that purpose in New York, 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. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this place. 
 Authentication.
Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

  
 B-2

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal. 
  

			
	 GILEAD SCIENCES, INC.

	  
 By:
	 	  

		 	 Name:
 Title:

  
  
  

[Global 2016 Note] 

  
 B-3

 [FORM OF CERTIFICATION OF AUTHENTICATION] 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

							
	 Date of authentication:
	 		 	 WELLS FARGO BANK,
 NATIONAL ASSOCIATION,
 as Trustee

		 		 	  
 By:
	 	  

		 		 		 	Authorized Signatory

  
 B-4

 [FORM OF REVERSE OF 2016 NOTE] 

Indenture. 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 March 30, 2011 (as heretofore supplemented, herein called the “Base Indenture”, which term shall have the meaning
assigned to it in such instrument), as supplemented by a Second Supplemental Indenture dated as of December 13, 2011 (herein called the “Second Supplemental Indenture”, and together with the Base Indenture, the
“Indenture”), between the Company and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to
the Indenture 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 in aggregate principal amount to $700,000,000. The Company may at any time issue additional securities under the Indenture in unlimited
amounts having the same terms as the Securities. 
 Optional Redemption. The Securities of this series
are subject to redemption at the Company’s option, at any time and from time to time, in whole or in part, upon not less than 30 nor more than 60 days’ notice mailed to each Holder of Securities to be redeemed at his address as it
appears in the records of the Registrar, on any date prior to their Stated Maturity at a Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed, plus accrued and unpaid interest thereon to
the Redemption Date or (ii) as determined by an Independent Investment Banker (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of
interest accrued as of the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 35 basis points, plus in each case accrued
and unpaid interest thereon to the Redemption Date; provided that unless the Company defaults in payment of the Redemption Price, on or after the Redemption Date, interest will cease to accrue on the Securities or portions thereof called for
redemption. 
 For purposes of determining the optional redemption price, the following definitions are
applicable: 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption
Date. The semi-annual equivalent yield to maturity of the Comparable Treasury Issue will be computed as of the third business day immediately preceding the Redemption Date. 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of the Securities. 

  
 B-5

 “Comparable Treasury Price” means, with respect to any
Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer
than four Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations so received. 
 “Independent Investment Banker” means the Reference Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc., their successors and two other nationally recognized investment
banking firms; provided, however, that, if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor another
nationally recognized investment banking firm that is a Primary Treasury Dealer. 
 “Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the
Securities (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding such
Redemption Date. 
 In the event of redemption of this Security in part only, a new Security or Securities of
this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 Mandatory Redemption. If for any reason (i) the Tender Offer is not consummated on or prior to June 30, 2012 or (ii) the Merger Agreement is terminated at any time prior thereto,
then the Company shall redeem all the Securities of this series on the Special Mandatory Redemption Date at a redemption price equal to 101% of the aggregate principal amount of the Securities of this series, plus accrued and unpaid interest, if
any, to, but excluding, the Special Mandatory Redemption Date. 
 Change of Control. If a Change of
Control Triggering Event occurs, unless the Company has exercised its right to redeem the Securities as described above, it will be required to make an offer to repurchase all, or any part (equal to $2,000 or an integral multiple of $1,000 in excess
thereof), of each Holder’s Securities pursuant to the offer described below (the “Change of Control Offer”) on the terms set forth herein. In the Change of Control Offer, the Company will be required to offer payment in cash
equal to 101% of the aggregate principal amount of Securities repurchased plus accrued and unpaid interest, if any, on the Securities repurchased, to the date of repurchase (the “Change of Control Payment”), subject to the rights of
Holders of Securities on the relevant record date to receive interest due on the relevant Interest Payment Date. 
 Within 30 days following any Change of Control Triggering Event or, at the Company’s option, prior to any Change of Control but after the public announcement of the pending Change

  
 B-6

 
of Control, the Company will be required to mail a notice to Holders of Securities describing the transaction or transactions that constitute or may constitute the Change of Control Triggering
Event and offering to repurchase the Securities on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”),
pursuant to the procedures required herein and described in such notice. The Company must comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other
securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Triggering Event. To the extent that the provisions of any
securities laws or regulations conflict with the Change of Control provisions herein, the Company will be required to comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change
of Control provisions herein by virtue of such conflicts. 
 On the Change of Control Payment Date, the Company
will be required, to the extent lawful, to: 
 (a) accept for payment all Securities or portions of Securities
properly tendered, and not validly withdrawn, pursuant to the Change of Control Offer; 
 (b) deposit with the
Paying Agent an amount equal to the Change of Control Payment in respect of all Securities or portions of Securities properly tendered and not validly withdrawn; and 

(c) deliver or cause to be delivered to the Trustee the Securities properly accepted together with an Officers’
Certificate stating the aggregate principal amount of Securities or portions of Securities being purchased by the Company. 
 The Paying Agent will be required to mail promptly to each Holder who properly tendered Securities the purchase price for such Securities and the Trustee will be required to authenticate and mail (or
cause to be transferred by book entry) promptly to each such Holder a new Security equal in principal amount to any unpurchased portion of the Securities surrendered, if any; provided that each new Security will be in a principal amount of
$2,000 or an integral multiple of $1,000 in excess thereof. 
 Notwithstanding the foregoing, the Company will
not be required to make a Change of Control Offer with respect to the Securities upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the
requirements for such an offer made by the Company and the third party purchases all such Securities properly tendered and not validly withdrawn under its offer. Further, the Company will not be required to repurchase any Securities if there has
occurred and is continuing on the Change of Control Payment Date an Event of Default. 
 For purposes of the
foregoing discussion of a repurchase at the option of Holders, the following definitions are applicable: 

“Capital Stock” means the capital stock of every class whether now or hereafter authorized, regardless
of whether such capital stock shall be limited to a fixed sum or percentage 

  
 B-7

 
with respect to the rights of the holders thereof to participate in dividends and in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of such
corporation. 
 “Change of Control” means the occurrence of any of the following: 

(a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or more series of related transactions, of all or substantially all of the Company’s assets and the assets of its Subsidiaries, taken as a whole, to any “person” (as that term is used in Section 13(d)(3) of
the Exchange Act), other than the Company or one of its Subsidiaries; 
 (b) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its Subsidiaries, becomes the
“beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s then outstanding Voting Stock or other Voting Stock into which the Company’s Voting Stock is
reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; 
 (c)
the Company consolidates, or merges with or into any person, or any person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of its Voting Stock or the Voting Stock of such other person
is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or
exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of the surviving person immediately after giving effect to such transaction; 

(d) the first day on which a majority of the Company’s members of its board of directors are not Continuing
Directors; or 
 (e) the adoption of a plan relating to the Company’s liquidation or dissolution.

 Notwithstanding paragraphs (a), (b) and (c) above, a transaction will not be considered to be a
Change of Control if (a) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (b)(x) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are
substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (y) immediately following that transaction, no person is the beneficial owner, directly or indirectly, of more than 50% of the
Voting Stock of such holding company. 
 “Change of Control Triggering Event” means the
occurrence of both a Change of Control and a Rating Event. 
 “Continuing Directors” means, as
of any date of determination, any member of the Company’s board of directors who (a) was a member of such board of directors on March 30, 2011 or (b) was nominated for election, elected or appointed to such board of directors
with the 

  
 B-8

 
approval of a majority of the Continuing Directors who were members of such board of directors at the time of such nomination, election or appointment (either by a specific vote or by approval of
a proxy statement in which such member was named as a nominee for election as a director). 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or Rating
Agencies selected by the Company. 
 “Moody’s” means Moody’s Investors Service, Inc.,
a subsidiary of Moody’s Corporation, and its successors. 
 “Rating Agencies” means
(a) each of Moody’s and S&P; and (b) if any of Moody’s or S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a
“nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act that is selected by the Company (as certified by a resolution of the Company’s board of directors) as a
replacement agency for Moody’s or S&P, or both of them, as the case may be. 
 “Rating
Event” means, with respect to the Securities, the rating on the Securities is lowered below Investment Grade by each of the Rating Agencies on any date beginning on the date of public notice of an arrangement that could result in a Change
of Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which 60-day period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible
downgrade by any of the Rating Agencies). 
 “S&P” means Standard & Poor’s
Ratings Services, a division of The McGraw-Hill Companies, Inc., and its successors. 
 “Voting
Stock” means, with respect to any specified person as of any date, the Capital Stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain
restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture, which provisions apply to this Security. This Security is not subject to repayment at the
Holder’s option. 
 No reference herein to the Indenture and no provision of this Security or the Indenture
shall affect or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Security at the respective due dates, place and rate, and in the Currency herein prescribed.

 Default and Remedies. If an Event of Default with respect to Securities of this series shall occur and
be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

  
 B-9

 Amendment, Modification and Waiver. The Indenture permits, 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 to be affected under the Indenture at any time by the
Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages
in principal amount of the Securities of each 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 Security and of any Security 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. 
 Denominations; Transfer and Exchange. As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the records of the
Registrar, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium 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 Registrar duly executed by, the Holder hereof or the Holder’s 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. 
 The Securities of this series are issuable only in registered form in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. As provided in the Indenture and subject to certain
limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.

 No service charge shall be made to a Holder 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. 
 Persons Deemed Owners. 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. 

Miscellaneous. The Indenture and the Securities, including this Security, shall be governed by and
construed in accordance with the law of the State of New York. 
 All terms used in this Security and not
defined herein shall have the meanings assigned to them in the Indenture. 

  
 B-10

 Pursuant to a recommendation promulgated by the Committee on Uniform
Security Identification Procedures, the Company has caused “CUSIP” numbers to be printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the correctness or accuracy of such CUSIP numbers
as printed on the Securities, and reliance may be placed only on the other identification numbers printed hereon. 
 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

  
 B-11

 ASSIGNMENT FORM 
 FOR VALUE RECEIVED, the undersigned hereby 
 sells, assigns and transfers unto

  

	
	 PLEASE INSERT SOCIAL

SECURITY OR OTHER IDENTIFYING

NUMBER OF ASSIGNEE

 
  

 

	
	 (Please Print or Typewrite Name and Address, including Zip Code, of Assignee)

	
	     

	 the within Security of Gilead Sciences, Inc. and
                     hereby does irrevocably constitute and appoint

	
	     

	 Attorney to transfer said Security on the books of the within-named Company with full power of substitution in the
premises

  

			
	 Dated:
	 	 

  

			
	 Signature
	 	 

  

	
	 NOTICE: The signature to this assignment must correspond with the name as it appears on the first page of the within Security in every particular, without
alteration or enlargement or any change whatever.

  

			
	 Signature

Guaranteed:
	 	 

  

	
	 NOTICE: Signature(s) must be guaranteed by an “eligible guarantor institution” that is a member or participant in a “signature guarantee
program” (e.g., the Securities Transfer Agents Medallion Program, the Stock Exchange Medallion Program and the New York Stock Exchange Medallion Program).

  
 B-12

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

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

 

									
	 Date of

Exchange
	  	 Amount of increase in

Principal Amount of
 this Global
Security
	  	 Amount of decrease
 in
Principal Amount
 of this Global

Security
	  	 Principal Amount of
 this
Global Security
following such
 decrease or increase
	  	 Signature of
 authorized
signatory
 of Trustee

	     
	  		  		  		  	
	     
	  		  		  		  	
	     
	  		  		  		  	

  
 B-13

 EXHIBIT C 
 FORM OF 2021 SENIOR NOTE 
 THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF THE DEPOSITARY WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE OR ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS
SECURITY FOR ALL PURPOSES. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 GILEAD SCIENCES, INC. 
  

					
	 No.     
	  	 	CUSIP NO. 375558 AU7	  
		  	 	$                          
  	  

 Interest. Gilead Sciences, Inc., a corporation duly incorporated and existing
under the laws of the State of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or
registered assigns, the principal sum of                      DOLLARS ($        ), as revised
by the Schedule of Increases or Decreases in Global Security attached hereto, on December 1, 2021 and to pay interest thereon from December 13, 2011 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on June 1 and December 1 in each year, commencing June 1, 2012, at the rate of 4.40% per annum, until the principal hereof is paid or made available for payment. 

Method of Payment. 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 the May 15 or
November 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable

  
 C-1

 
to the Holder on such Regular Record Date and may either 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
Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.

 Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or
agency of the Trustee maintained for that purpose in New York, 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. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this place. 
 Authentication.
Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

  
 C-2

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal. 
  

			
	 GILEAD SCIENCES, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
  
  

[Global 2021 Note] 

  
 C-3

 [FORM OF CERTIFICATION OF AUTHENTICATION] 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

							
	 Date of authentication:
	 		 	 WELLS FARGO BANK,
 NATIONAL ASSOCIATION,
 as Trustee

				
		 		 	By:	 	  

		 		 		 	 Authorized Signatory

  
 C-4

 [FORM OF REVERSE OF 2021 NOTE] 

Indenture. 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 March 30, 2011 (as heretofore supplemented, herein called the “Base Indenture”, which term shall have the meaning
assigned to it in such instrument), as supplemented by a Second Supplemental Indenture dated as of December 13, 2011 (herein called the “Second Supplemental Indenture”, and together with the Base Indenture, the
“Indenture”), between the Company and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to
the Indenture 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 in aggregate principal amount to $1,250,000,000. The Company may at any time issue additional securities under the Indenture in
unlimited amounts having the same terms as the Securities. 
 Optional Redemption. The Securities of this
series are subject to redemption at the Company’s option, at any time and from time to time, in whole or in part, upon not less than 30 nor more than 60 days’ notice mailed to each Holder of Securities to be redeemed at his address as
it appears in the records of the Registrar, on any date prior to their Stated Maturity at a Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed, plus accrued and unpaid interest thereon to
the Redemption Date or (ii) as determined by an Independent Investment Banker (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of
interest accrued as of the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 40 basis points, plus in each case accrued
and unpaid interest thereon to the Redemption Date; provided that unless the Company defaults in payment of the Redemption Price, on or after the Redemption Date, interest will cease to accrue on the Securities or portions thereof called for
redemption. 
 For purposes of determining the optional redemption price, the following definitions are
applicable: 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption
Date. The semi-annual equivalent yield to maturity of the Comparable Treasury Issue will be computed as of the third business day immediately preceding the Redemption Date. 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of the Securities. 

  
 C-5

 “Comparable Treasury Price” means, with respect to any
Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer
than four Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations so received. 
 “Independent Investment Banker” means the Reference Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc., their successors and two other nationally recognized investment
banking firms; provided, however, that, if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor another
nationally recognized investment banking firm that is a Primary Treasury Dealer. 
 “Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the
Securities (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding such
Redemption Date. 
 The Securities of this series are also subject to redemption at the Company’s option,
at any time on or after September 1, 2021, in whole or in part, upon not less than 30 nor more than 60 days’ notice mailed to each Holder of Securities to be redeemed at his address as it appears in the records of the Registrar, at a
Redemption Price equal to at 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest to the Redemption Date. 
 In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof
upon the cancellation hereof. 
 Mandatory Redemption. If for any reason (i) the Tender Offer is not
consummated on or prior to June 30, 2011 or (ii) the Merger Agreement is terminated at any time prior thereto, then the Company shall redeem all the Securities of this series on the Special Mandatory Redemption Date at a redemption price
equal to 101% of the aggregate principal amount of the Securities of this series, plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date. 

Change of Control. If a Change of Control Triggering Event occurs, unless the Company has exercised its right to
redeem the Securities as described above, it will be required to make an offer to repurchase all, or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof), of each Holder’s Securities pursuant to the offer described
below (the “Change of Control Offer”) on the terms set forth herein. In the Change of Control Offer, the Company will be required to offer payment in cash equal to 101% of the aggregate principal amount of Securities repurchased
plus accrued and unpaid interest, if any, on the Securities repurchased, to 

  
 C-6

 
the date of repurchase (the “Change of Control Payment”), subject to the rights of Holders of Securities on the relevant record date to receive interest due on the relevant
Interest Payment Date. 
 Within 30 days following any Change of Control Triggering Event or, at the
Company’s option, prior to any Change of Control but after the public announcement of the pending Change of Control, the Company will be required to mail a notice to Holders of Securities describing the transaction or transactions that
constitute or may constitute the Change of Control Triggering Event and offering to repurchase the Securities on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is
mailed (the “Change of Control Payment Date”), pursuant to the procedures required herein and described in such notice. The Company must comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control
Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions herein, the Company will be required to comply with the applicable securities laws and regulations and will not
be deemed to have breached its obligations under the Change of Control provisions herein by virtue of such conflicts. 
 On the Change of Control Payment Date, the Company will be required, to the extent lawful, to: 
 (a) accept for payment all Securities or portions of Securities properly tendered, and not validly withdrawn, pursuant to the Change of Control Offer; 

(b) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Securities or
portions of Securities properly tendered and not validly withdrawn; and 
 (c) deliver or cause to be delivered
to the Trustee the Securities properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Securities or portions of Securities being purchased by the Company. 

The Paying Agent will be required to mail promptly to each Holder who properly tendered Securities the purchase price for
such Securities and the Trustee will be required to authenticate and mail (or cause to be transferred by book entry) promptly to each such Holder a new Security equal in principal amount to any unpurchased portion of the Securities surrendered, if
any; provided that each new Security will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 
 Notwithstanding the foregoing, the Company will not be required to make a Change of Control Offer with respect to the Securities upon the occurrence of a Change of Control Triggering Event if a third
party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for such an offer made by the Company and the third party purchases all such Securities properly tendered and not validly withdrawn under its
offer. 

  
 C-7

 Further, the Company will not be required to repurchase any Securities if
there has occurred and is continuing on the Change of Control Payment Date an Event of Default. 
 For purposes
of the foregoing discussion of a repurchase at the option of Holders, the following definitions are applicable: 

“Capital Stock” means the capital stock of every class whether now or hereafter authorized, regardless
of whether such capital stock shall be limited to a fixed sum or percentage with respect to the rights of the holders thereof to participate in dividends and in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or
winding up of such corporation. 
 “Change of Control” means the occurrence of any of the
following: 
 (a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by
way of merger or consolidation), in one or more series of related transactions, of all or substantially all of the Company’s assets and the assets of its Subsidiaries, taken as a whole, to any “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), other than the Company or one of its Subsidiaries; 
 (b) the
consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the Company or one of its
Subsidiaries, becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s then outstanding Voting Stock or other Voting Stock into which the
Company’s Voting Stock is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; 
 (c) the Company consolidates, or merges with or into any person, or any person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of its
Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such
transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of the surviving person immediately after giving effect to such transaction; 

(d) the first day on which a majority of the Company’s members of its board of directors are not Continuing
Directors; or 
 (e) the adoption of a plan relating to the Company’s liquidation or dissolution.

 Notwithstanding paragraphs (a), (b) and (c) above, a transaction will not be considered to be a
Change of Control if (a) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (b)(x) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are
substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (y) immediately following 

  
 C-8

 
that transaction, no person is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating
Event. 
 “Continuing Directors” means, as of any date of determination, any member of the
Company’s board of directors who (a) was a member of such board of directors on March 30, 2011 or (b) was nominated for election, elected or appointed to such board of directors with the approval of a majority of the Continuing
Directors who were members of such board of directors at the time of such nomination, election or appointment (either by a specific vote or by approval of a proxy statement in which such member was named as a nominee for election as a director).

 “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under
any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or
Rating Agencies selected by the Company. 
 “Moody’s” means Moody’s Investors
Service, Inc., a subsidiary of Moody’s Corporation, and its successors. 
 “Rating
Agencies” means (a) each of Moody’s and S&P; and (b) if any of Moody’s or S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s
control, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act that is selected by the Company (as certified by a resolution of the Company’s board of
directors) as a replacement agency for Moody’s or S&P, or both of them, as the case may be. 

“Rating Event” means, with respect to the Securities, the rating on the Securities is lowered below
Investment Grade by each of the Rating Agencies on any date beginning on the date of public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change
of Control (which 60-day period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade by any of the Rating Agencies). 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., and its successors. 
 “Voting Stock” means, with respect to any specified
person as of any date, the Capital Stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain
restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture, which provisions apply to this Security. This Security is not subject to repayment at the
Holder’s option. 

  
 C-9

 No reference herein to the Indenture and no provision of this Security or
the Indenture shall affect or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Security at the respective due dates, place and rate, and in the Currency herein
prescribed. 
 Default and Remedies. If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

Amendment, Modification and Waiver. The Indenture permits, 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 to be affected under the Indenture at any time by the Company and the Trustee with the consent of the
Holders of a majority in principal amount of the Securities at the time outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each
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 Security and of any Security 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. 
 Denominations;
Transfer and Exchange. As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the records of the Registrar, upon surrender of this Security for registration of transfer
at the office or agency of the Company in any place where the principal of and any premium 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
Registrar duly executed by, the Holder hereof or the Holder’s 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. 
 The Securities of this series are
issuable only in registered form in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a
like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made to a Holder 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. 
 Persons Deemed Owners. 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 

  
 C-10

 
not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

Miscellaneous. The Indenture and the Securities, including this Security, shall be governed by and
construed in accordance with the law of the State of New York. 
 All terms used in this Security and not
defined herein shall have the meanings assigned to them in the Indenture. 
 Pursuant to a recommendation
promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused “CUSIP” numbers to be printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the
correctness or accuracy of such CUSIP numbers as printed on the Securities, and reliance may be placed only on the other identification numbers printed hereon. 
 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

  
 C-11

 ASSIGNMENT FORM 
 FOR VALUE RECEIVED, the undersigned hereby 
 sells, assigns and transfers unto

  

	
	 PLEASE INSERT SOCIAL

SECURITY OR OTHER IDENTIFYING

NUMBER OF ASSIGNEE

 
  

 

	
	 (Please Print or Typewrite Name and Address, including Zip Code, of Assignee)

	
	     

	 the within Security of Gilead Sciences, Inc. and
                     hereby does irrevocably constitute and appoint

	
	     

	 Attorney to transfer said Security on the books of the within-named Company with full power of substitution in the
premises

  

			
	 Dated:
	 	 

  

			
	 Signature
	 	 

  

	
	 NOTICE: The signature to this assignment must correspond with the name as it appears on the first page of the within Security in every particular, without
alteration or enlargement or any change whatever.

  

			
	 Signature

Guaranteed:
	 	 

  

	
	 NOTICE: Signature(s) must be guaranteed by an “eligible guarantor institution” that is a member or participant in a “signature guarantee
program” (e.g., the Securities Transfer Agents Medallion Program, the Stock Exchange Medallion Program and the New York Stock Exchange Medallion Program).

  
 C-12

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

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

 

									
	 Date of

Exchange
	 	 Amount of increase in
Principal Amount of
 this Global Security
	 	 Amount of decrease

in Principal Amount
 of this Global

Security
	 	 Principal Amount of

this Global Security
 following such

decrease or increase
	 	 Signature of

authorized signatory
 of
Trustee

	     
	 		 		 		 	
	     
	 		 		 		 	
	     
	 		 		 		 	

  
 C-13

 EXHIBIT D 
 FORM OF 2041 SENIOR NOTE 
 THIS SECURITY IS A GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF THE DEPOSITARY WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE OR ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS
SECURITY FOR ALL PURPOSES. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 GILEAD SCIENCES, INC. 
  

			
	 No.     
	  	CUSIP NO. 375558 AS2
		  	$                          
  

 Interest. Gilead Sciences, Inc., a corporation duly incorporated and existing
under the laws of the State of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or
registered assigns, the principal sum of                      DOLLARS ($        ), as revised
by the Schedule of Increases or Decreases in Global Security attached hereto, on December 1, 2041 and to pay interest thereon from December 13, 2011 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on June 1 and December 1 in each year, commencing June 1, 2012, at the rate of 5.65% per annum, until the principal hereof is paid or made available for payment. 

Method of Payment. 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 the May 15 or
November 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable

  
 D-1

 
to the Holder on such Regular Record Date and may either 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
Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture.

 Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or
agency of the Trustee maintained for that purpose in New York, 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. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further
provisions shall for all purposes have the same effect as if set forth at this place. 
 Authentication.
Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

  
 D-2

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal. 
  

			
	 GILEAD SCIENCES, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
  
  

[Global 2041 Note] 

  
 D-3

 [FORM OF CERTIFICATION OF AUTHENTICATION] 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

							
	 Date of authentication:
	 		 	 WELLS FARGO BANK,
 NATIONAL ASSOCIATION,
 as Trustee

				
		 		 	 By:
	 	  

		 		 		 	 Authorized Signatory

  
 D-4

 [FORM OF REVERSE OF 2041 NOTE] 

Indenture. 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 March 30, 2011 (as heretofore supplemented, herein called the “Base Indenture”, which term shall have the meaning
assigned to it in such instrument), as supplemented by a Second Supplemental Indenture dated as of December 13, 2011 (herein called the “Second Supplemental Indenture”, and together with the Base Indenture, the
“Indenture”), between the Company and Wells Fargo Bank, National Association, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to
the Indenture 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 in aggregate principal amount to $1,000,000,000. The Company may at any time issue additional securities under the Indenture in
unlimited amounts having the same terms as the Securities. 
 Optional Redemption. The Securities of this
series are subject to redemption at the Company’s option, at any time and from time to time, in whole or in part, upon not less than 30 nor more than 60 days’ notice mailed to each Holder of Securities to be redeemed at his address as
it appears in the records of the Registrar, on any date prior to their Stated Maturity at a Redemption Price equal to the greater of (i) 100% of the principal amount of such Securities to be redeemed, plus accrued and unpaid interest thereon to
the Redemption Date or (ii) as determined by an Independent Investment Banker (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of
interest accrued as of the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 40 basis points, plus in each case accrued
and unpaid interest thereon to the Redemption Date; provided that unless the Company defaults in payment of the Redemption Price, on or after the Redemption Date, interest will cease to accrue on the Securities or portions thereof called for
redemption. 
 For purposes of determining the optional redemption price, the following definitions are
applicable: 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption
Date. The semi-annual equivalent yield to maturity of the Comparable Treasury Issue will be computed as of the third business day immediately preceding the Redemption Date. 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of the Securities. 

  
 D-5

 “Comparable Treasury Price” means, with respect to any
Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer
than four Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations so received. 
 “Independent Investment Banker” means the Reference Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc., their successors and two other nationally recognized investment
banking firms; provided, however, that, if the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor another
nationally recognized investment banking firm that is a Primary Treasury Dealer. 
 “Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the
Securities (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding such
Redemption Date. 
 The Securities of this series are also subject to redemption at the Company’s option,
at any time on or after June 1, 2041, in whole or in part, upon not less than 30 nor more than 60 days’ notice mailed to each Holder of Securities to be redeemed at his address as it appears in the records of the Registrar, at a Redemption
Price equal to at 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest to the Redemption Date. 
 In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof
upon the cancellation hereof. 
 Mandatory Redemption. If for any reason (i) the Tender Offer is not
consummated on or prior to June 30, 2011 or (ii) the Merger Agreement is terminated at any time prior thereto, then the Company shall redeem all the Securities of this series on the Special Mandatory Redemption Date at a redemption price
equal to 101% of the aggregate principal amount of the Securities of this series, plus accrued and unpaid interest, if any, to, but excluding, the Special Mandatory Redemption Date. 

Change of Control. If a Change of Control Triggering Event occurs, unless the Company has exercised its right to
redeem the Securities as described above, it will be required to make an offer to repurchase all, or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof), of each Holder’s Securities pursuant to the offer described
below (the “Change of Control Offer”) on the terms set forth herein. In the Change of Control Offer, the Company will be required to offer payment in cash equal to 101% of the aggregate principal amount of Securities repurchased
plus accrued and unpaid interest, if any, on the Securities repurchased, to 

  
 D-6

 
the date of repurchase (the “Change of Control Payment”), subject to the rights of Holders of Securities on the relevant record date to receive interest due on the relevant
Interest Payment Date. 
 Within 30 days following any Change of Control Triggering Event or, at the
Company’s option, prior to any Change of Control but after the public announcement of the pending Change of Control, the Company will be required to mail a notice to Holders of Securities describing the transaction or transactions that
constitute or may constitute the Change of Control Triggering Event and offering to repurchase the Securities on the date specified in the notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is
mailed (the “Change of Control Payment Date”), pursuant to the procedures required herein and described in such notice. The Company must comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control
Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control provisions herein, the Company will be required to comply with the applicable securities laws and regulations and will not
be deemed to have breached its obligations under the Change of Control provisions herein by virtue of such conflicts. 
 On the Change of Control Payment Date, the Company will be required, to the extent lawful, to: 
 (a) accept for payment all Securities or portions of Securities properly tendered, and not validly withdrawn, pursuant to the Change of Control Offer; 

(b) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Securities or
portions of Securities properly tendered and not validly withdrawn; and 
 (c) deliver or cause to be delivered
to the Trustee the Securities properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Securities or portions of Securities being purchased by the Company. 

The Paying Agent will be required to mail promptly to each Holder who properly tendered Securities the purchase price for
such Securities and the Trustee will be required to authenticate and mail (or cause to be transferred by book entry) promptly to each such Holder a new Security equal in principal amount to any unpurchased portion of the Securities surrendered, if
any; provided that each new Security will be in a principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. 
 Notwithstanding the foregoing, the Company will not be required to make a Change of Control Offer with respect to the Securities upon the occurrence of a Change of Control Triggering Event if a third
party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for such an offer made by the Company and the third party purchases all such Securities properly tendered and not validly withdrawn under its
offer. 

  
 D-7

 
Further, the Company will not be required to repurchase any Securities if there has occurred and is continuing on the Change of Control Payment Date an Event of Default. 

For purposes of the foregoing discussion of a repurchase at the option of Holders, the following definitions are
applicable: 
 “Capital Stock” means the capital stock of every class whether now or hereafter
authorized, regardless of whether such capital stock shall be limited to a fixed sum or percentage with respect to the rights of the holders thereof to participate in dividends and in the distribution of assets upon the voluntary or involuntary
liquidation, dissolution or winding up of such corporation. 
 “Change of Control” means the
occurrence of any of the following: 
 (a) the direct or indirect sale, lease, transfer, conveyance or other
disposition (other than by way of merger or consolidation), in one or more series of related transactions, of all or substantially all of the Company’s assets and the assets of its Subsidiaries, taken as a whole, to any “person” (as
that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one of its Subsidiaries; 
 (b) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of
the Exchange Act) other than the Company or one of its Subsidiaries, becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s then outstanding Voting
Stock or other Voting Stock into which the Company’s Voting Stock is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; 

(c) the Company consolidates, or merges with or into any person, or any person consolidates with, or merges with or into,
the Company, in any such event pursuant to a transaction in which any of its Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction where the
shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of the
surviving person immediately after giving effect to such transaction; 
 (d) the first day on which a majority
of the Company’s members of its board of directors are not Continuing Directors; or 
 (e) the adoption of
a plan relating to the Company’s liquidation or dissolution. 
 Notwithstanding paragraphs (a),
(b) and (c) above, a transaction will not be considered to be a Change of Control if (a) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (b)(x) immediately following that transaction, the
direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (y) immediately following

  
 D-8

 
that transaction, no person is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Rating
Event. 
 “Continuing Directors” means, as of any date of determination, any member of the
Company’s board of directors who (a) was a member of such board of directors on March 30, 2011 or (b) was nominated for election, elected or appointed to such board of directors with the approval of a majority of the Continuing
Directors who were members of such board of directors at the time of such nomination, election or appointment (either by a specific vote or by approval of a proxy statement in which such member was named as a nominee for election as a director).

 “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under
any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or
Rating Agencies selected by the Company. 
 “Moody’s” means Moody’s Investors
Service, Inc., a subsidiary of Moody’s Corporation, and its successors. 
 “Rating
Agencies” means (a) each of Moody’s and S&P; and (b) if any of Moody’s or S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s
control, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act that is selected by the Company (as certified by a resolution of the Company’s board of
directors) as a replacement agency for Moody’s or S&P, or both of them, as the case may be. 

“Rating Event” means, with respect to the Securities, the rating on the Securities is lowered below
Investment Grade by each of the Rating Agencies on any date beginning on the date of public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of the Change
of Control (which 60-day period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade by any of the Rating Agencies). 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., and its successors. 
 “Voting Stock” means, with respect to any specified
person as of any date, the Capital Stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain
restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture, which provisions apply to this Security. This Security is not subject to repayment at the
Holder’s option. 

  
 D-9

 No reference herein to the Indenture and no provision of this Security or
the Indenture shall affect or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Security at the respective due dates, place and rate, and in the Currency herein
prescribed. 
 Default and Remedies. If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

Amendment, Modification and Waiver. The Indenture permits, 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 to be affected under the Indenture at any time by the Company and the Trustee with the consent of the
Holders of a majority in principal amount of the Securities at the time outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each
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 Security and of any Security 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. 
 Denominations;
Transfer and Exchange. As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the records of the Registrar, upon surrender of this Security for registration of transfer
at the office or agency of the Company in any place where the principal of and any premium 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
Registrar duly executed by, the Holder hereof or the Holder’s 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. 
 The Securities of this series are
issuable only in registered form in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a
like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made to a Holder 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. 
 Persons Deemed Owners. 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 

  
 D-10

 
not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

Miscellaneous. The Indenture and the Securities, including this Security, shall be governed by and
construed in accordance with the law of the State of New York. 
 All terms used in this Security and not
defined herein shall have the meanings assigned to them in the Indenture. 
 Pursuant to a recommendation
promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused “CUSIP” numbers to be printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the
correctness or accuracy of such CUSIP numbers as printed on the Securities, and reliance may be placed only on the other identification numbers printed hereon. 
 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

  
 D-11

 ASSIGNMENT FORM 
 FOR VALUE RECEIVED, the undersigned hereby 
 sells, assigns and transfers unto

  

	
	 PLEASE INSERT SOCIAL

SECURITY OR OTHER IDENTIFYING

NUMBER OF ASSIGNEE

 
  

 

			
	 (Please Print or Typewrite Name and Address, including Zip Code, of
Assignee)
  

    

	 the within Security of Gilead Sciences, Inc. and
                     hereby does irrevocably constitute and appoint

 
     

	 Attorney to transfer said Security on the books of the within-named Company with
full power of substitution in the premises

		
	 Dated:
	 	  

  

			
		
	 Signature
	 	 

			
	
	 NOTICE: The signature to this assignment must correspond with the name as it appears on the first page of the within Security in every particular,
without alteration or enlargement or any change whatever.

		
	 Signature Guaranteed:
	 	  

	
	 NOTICE: Signature(s) must be guaranteed by an “eligible guarantor institution” that is a member or participant in a
“signature guarantee program” (e.g., the Securities Transfer Agents Medallion Program, the Stock Exchange Medallion Program and the New York Stock Exchange Medallion Program).

  
 D-12

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

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

 

									
	 Date of

Exchange
	  	Amount of increase in
Principal Amount of
this Global Security	  	Amount of decrease
in Principal Amount
of this Global
Security	  	Principal Amount of
this Global Security
following such
decrease or increase	  	 Signature of

authorized signatory
 of
Trustee

	     
	  		  		  		  	
	     
	  		  		  		  	
	     
	  		  		  		  	

  
 D-13

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