Document:

EX-10.1

 Exhibit 10.1 

ARRANGEMENT AGREEMENT 

THIS ARRANGEMENT AGREEMENT dated December 9, 2013, 

BETWEEN: 
 2398946 ONTARIO INC., a
corporation incorporated under the laws of the Province of Ontario (“Purchaser”) 
 – and – 

NORTH CHANNEL OF GEORGIAN BAY HOLDINGS LTD., a corporation incorporated under the laws of the Province of Ontario
(“Parent”) 
 – and – 

VITRAN CORPORATION INC., a corporation incorporated under the laws of the Province of Ontario (“Vitran”) 

THIS AGREEMENT WITNESSES THAT in consideration of the mutual covenants and agreements herein contained and other good and valuable
consideration (the receipt and sufficiency of which are hereby acknowledged), the Parties hereto covenant and agree as follows: 
  

	1.	Definitions: 

  

	 	(a)	“Acquisition Proposal” means, other than the Transactions contemplated by this Agreement, (i) any bona fide inquiry or proposal (written or oral) made by a third party (other than Purchaser or any
of its Affiliates) regarding any merger, amalgamation, statutory arrangement, share exchange, business combination, take-over bid, sale or other disposition of all or substantially all of the assets, or sale or other disposition of 20% or more of
the properties or assets of Vitran and the Vitran Subsidiaries on a consolidated basis, (ii) any recapitalization, reorganization, or liquidation of Vitran or any of the Vitran Subsidiaries whose assets, individually or in the aggregate,
constitute 20% or more of the fair market value of the consolidated assets of Vitran and the Vitran Subsidiaries, (iii) any sale or issuance of Vitran equity securities or debt convertible into equity securities or rights therein or thereto or
rights, options or warrants to acquire any such securities that would result in the increase in the number of Common Shares outstanding, on a fully-diluted basis, by more than 20%, or (iv) any type of similar transaction which would, or could,
in any case, constitute a de facto acquisition or change of control of Vitran and would or could, in any case, result in the sale or other disposition of all or material portion of the property and assets of Vitran and the Vitran Subsidiaries
on a consolidated basis; 

  

	 	(b)	“Affiliate” has the meaning ascribed thereto in the Securities Act; 

	 	(c)	“Agreement” means this arrangement agreement, together with the schedules attached hereto and the Vitran Disclosure Letter and the Purchaser Disclosure Letter, each as amended or supplemented from time
to time; 

  

	 	(d)	“Arrangement” means the arrangement under the provisions of Section 182 of the OBCA on the terms set out in the Plan of Arrangement, subject to any amendments or variations thereto made in
accordance with this Agreement and the Plan of Arrangement or made at the direction of the Court in the Final Order (with the consent of Vitran and Purchaser, each acting reasonably); 

 

	 	(e)	“Arrangement Resolution” means the resolution of the Vitran Shareholders to be considered at the Vitran Meeting, approving the Arrangement; 

 

	 	(f)	“Articles of Arrangement” means the articles of arrangement of Vitran in respect of the Arrangement, to be filed with the Director after the Final Order is made; 

 

	 	(g)	“Board Recommendation” has the meaning ascribed thereto in Section 8(b); 

  

	 	(h)	“Business Day” means any day, other than a Saturday, a Sunday or a statutory holiday in Toronto, Ontario; 

  

	 	(i)	“Change in Recommendation” by the directors of Vitran means (a) any withholding, amendment, withdrawal, modification or qualification (or a public proposal to withhold, amend, withdraw, modify or
qualify) to the Board Recommendation by the directors of Vitran in any manner adverse to Purchaser and/or the consummation of the Arrangement; or (b) any approval, acceptance, recommendation or endorsement by the directors of Vitran of, or
public proposal by the directors of Vitran to approve, accept, recommend or endorse, or publicly taking no position or a neutral position with respect to, any Acquisition Proposal (it being understood that publicly taking no position or a neutral
position with respect to an Acquisition Proposal until the third Business Day after receipt of an Acquisition Proposal shall not be deemed to be a Change in Recommendation); 

 

	 	(j)	“Commissioner of Competition” means the Commissioner of Competition appointed pursuant to Subsection 7(1) of the Competition Act or any other Person duly authorized to perform duties on behalf of the
Commissioner of Competition; 

  

	 	(k)	“Common Shares” means the issued and outstanding common shares in the capital of Vitran; 

  

	 	(l)	“Competition Act” means the Competition Act (Canada); 

  

	 	(m)	 “Competition Act Approval” means (i) the issuance of an advance ruling certificate by the Commissioner of Competition under
Subsection 102(1) of the Competition Act to the effect that the Commissioner of Competition is satisfied that she or he would not have sufficient grounds upon which to apply to the Competition Tribunal for an order under Section 92 of the
Competition Act with 

  
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respect to the Transactions contemplated by this Agreement; or (ii) both of the (A) expiry or termination of the waiting period, including any extension of such waiting period, under
Section 123 of the Competition Act or the waiver of the obligation to provide a pre-merger notification in accordance with Part IX of the Competition Act in accordance with paragraph 113(c) of the Competition Act, and (B) issuance of a No
Action Letter; 

  

	 	(n)	“Completion Deadline” means the date by which the Arrangement is to be completed, which date shall be April 30, 2014 or such later date as may be agreed to in writing by the Parties;

  

	 	(o)	“Confidentiality Agreement” means the confidentiality agreement dated September 30, 2013 between Vitran and an Affiliate of Purchaser; 

 

	 	(p)	“Consideration” means the amount of USD$6.00, being the amount payable for each Common Share pursuant to and in accordance with the terms of the Arrangement; 

 

	 	(q)	“Contaminants” means any pollutant, contaminant or waste of any nature, including without limitation, any hazardous waste, hazardous substance, hazardous material, toxic substance, dangerous substance,
dangerous good, or deleterious substance under or pursuant to any applicable Environmental Laws and specifically including petroleum and all derivatives thereof or synthetic substitutes therefor and asbestos or asbestos-containing materials or any
substance which is deemed under Environmental Laws to be deleterious to natural resources or worker or public health and safety; 

  

	 	(r)	“Court” means the Ontario Superior Court of Justice; 

  

	 	(s)	“de facto acquisition or change of control” means the acquisition, directly or indirectly, by any Person or group of Persons acting jointly or in concert, of beneficial ownership of, or
control or direction over, sufficient voting securities of Vitran to permit such Person or Persons to exercise, or to control or direct the voting of, 50% or more of the total number of votes attached to all outstanding voting securities of Vitran;

  

	 	(t)	“Director” means the Director appointed pursuant to Section 278 of the OBCA; 

  

	 	(u)	“Dissent Rights” means the rights of holders of Common Shares to dissent in respect of the Arrangement as described in the Plan of Arrangement; 

 

	 	(v)	“Dissenting Shareholder” means a holder of Common Shares who duly exercises Dissent Rights in respect of the Common Shares held by such holder; 

 

	 	(w)	“Effective Date” means the date shown on the certificate of arrangement to be issued by the Director giving effect to the Arrangement on the date of closing of the Arrangement and the other Transactions
contemplated in this Agreement, which the Parties agree will be the second Business Day following the satisfaction (or waiver) of the conditions in Sections 11, 12 and 13 or such other date as the Parties may agree to in writing; 

  
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	 	(x)	“Effective Time” means 12:01 a.m. (Toronto time) on the Effective Date; 

  

	 	(y)	“Employee” means any individual employed by Vitran or any of the Vitran Subsidiaries on a full-time, part-time or temporary basis who provides services to Vitran or any of the Vitran Subsidiaries,
including without limitation, those individuals who are on disability leave, parental leave or other permitted absence and for the purposes of this Agreement includes all independent contractors of Vitran or any of the Vitran Subsidiaries;

  

	 	(z)	“Employee Plans” has the meaning set out in paragraph (z)(i) of Schedule A hereof; 

  

	 	(aa)	“Encumbrance” means any mortgage, pledge, assignment, charge, lien, claim, security interest, adverse interest, right of first refusal or first offer, occupancy right, other third person interest or
encumbrance of any kind, whether contingent or absolute, and any agreement, option, right or privilege (whether by law, contract or otherwise) capable of becoming any of the foregoing; 

 

	 	(bb)	“Environmental Approvals” means all permits, certificates, licences, authorizations, consents, instructions, registrations, directions or approvals issued or required by any Governmental Entity pursuant
to any Environmental Laws; 

  

	 	(cc)	“Environmental Conditions” mean the generation, discharge, emission or Release into the environment (including, without limitation, ambient air, surface water, groundwater or land), prior to the
Effective Date of any Contaminants by any Person in respect of which remedial action is required under any Environmental Laws or as to which any liability is currently or in the future imposed upon any Person based upon the acts or omissions of any
Person prior to the Effective Date with respect to any Contaminants or reporting with respect thereto; 

  

	 	(dd)	“Environmental Laws” means all applicable Laws and agreements with Governmental Entities and all other statutory requirements relating to public health and safety, noise control, pollution or the
protection of the environment or to the generation, production, installation, use, storage, treatment, transportation, Release or threatened Release of Contaminants, including civil responsibility for acts or omissions with respect to the
environment, and all Environmental Approvals issued pursuant to such applicable Law, agreements or other statutory requirements; 

  

	 	(ee)	“Exchanges” means the Toronto Stock Exchange and NASDAQ and “Exchange” means either one of them; 

  

	 	(ff)	“Fairness Opinion” means the opinion of Stephens Inc. to the effect that, as of the date of such opinion, the Consideration to be received by the Vitran Shareholders pursuant to the Arrangement is fair,
from a financial point of view, to the Vitran Shareholders; 

  
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	 	(gg)	“Final Order” means the final order of the Court approving the Arrangement as such order may be amended by the Court at any time prior to the Effective Date or, if appealed, then, unless such appeal is
withdrawn or denied, as affirmed; 

  

	 	(hh)	“fully-diluted basis” means, with respect to the number of outstanding Common Shares at any time, the number of Common Shares that would be outstanding if all rights to acquire Common Shares (including,
without limitation, Common Shares issuable upon the exercise or the conversion of convertible securities) were exercised, including for greater certainty, all Common Shares issuable upon the exercise of Vitran Options, whether vested or unvested;

  

	 	(ii)	“GAAP” means, at any time, generally accepted accounting principles in the United States of America at that time; 

  

	 	(jj)	“Governmental Entity” means any applicable (i) multinational, federal, provincial, territorial, state, regional, municipal, local or other government, governmental or public department, central
bank, court, tribunal, arbitral body, commission, board, bureau or agency, domestic or foreign, (ii) subdivision, agency, commission, board or authority of any of the foregoing, or (iii) quasi-governmental or private body (including any
stock exchange or Securities Authority) exercising any regulatory, expropriation or taxing authority under or for the account of any of the foregoing; 

  

	 	(kk)	“HSR” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; 

  

	 	(ll)	“Intellectual Property Right” means any trademark, service mark, registration thereof or application for registration therefore, trade name, license, invention, patent, patent application, industrial
designs, trade secret, trade dress, know-how, copyright, copyrightable materials, copyright registration, application for copyright registration, software programs and data bases, names and all derivations thereof, domain name and any other type of
proprietary intellectual property right, and all embodiments and fixations thereof and related documentation, registrations and franchises and all additions, improvements and accessions thereto, in each case which is owned or licensed or filed by
Vitran, any Vitran Subsidiary or any of their Affiliates or used or held for use in their business, whether registered or unregistered or domestic or foreign; 

  

	 	(mm)	“Interim Order” means the interim order of the Court, as the same may be amended, in respect of the Arrangement, as contemplated by Section 7; 

 

	 	(nn)	“Key Third Party Consents” means the consents from the parties set out in the Vitran Disclosure Letter; 

  
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	 	(oo)	“knowledge of Vitran” means the actual knowledge, after due and reasonable inquiry, of the Interim Chief Executive Officer and the Chief Financial Officer of Vitran; 

 

	 	(pp)	“Laws” means all laws, by-laws, rules, regulations, orders, ordinances, protocols, codes, guidelines, instruments, policies, notices, directions and judgments or other requirements of any Governmental
Entity; 

  

	 	(qq)	“Matching Period” has the meaning set out in Section 18(a)(v); 

  

	 	(rr)	“Material Adverse Change” means, in respect of Vitran, any one or more changes, events or occurrences, and “Material Adverse Effect” means any state of facts which, in either case,
either individually or in the aggregate are, or would reasonably be expected to be, material and adverse to the business, operations, results of operations, properties, assets, liabilities, obligations (whether absolute, accrued, conditional or
otherwise) or condition (financial or otherwise) of Vitran and the Vitran Subsidiaries, on a consolidated basis, other than any change, event, occurrence or state of facts relating to: (i) the announcement of the execution of this Agreement or
the Arrangement or the other Transactions contemplated hereby; (ii) changes in general to political, economic or financial conditions (provided that it does not have a materially disproportionate effect on Vitran relative to comparable
companies); (iii) any change in GAAP (provided it does not have a materially disproportionate effect on Vitran relative to comparable companies); (iv) the rate at which Canadian dollars can be exchanged for United States dollars;
(v) generally applicable changes in applicable Law (provided that it does not have a materially disproportionate effect on Vitran relative to comparable companies); (vi) the failure of Vitran to meet any internal or public projections,
forecasts or estimates of revenues, earnings or cash flow; (vii) any decrease in the market price or any decline in the trading volume of the Common Shares on the Exchanges (it being understood that the causes underlying such change in market
price or trading volume (other than those in items (i) to (vi) above) may be taken into account in determining whether a Material Adverse Change or a Material Adverse Effect has occurred), and except as explicitly stated herein,
references in this Agreement to dollar amounts are not intended to be, and shall not be deemed to be, interpretive of the amount used for the purpose of determining whether a “Material Adverse Change” has occurred or whether a state of
facts exists that has or could have a “Material Adverse Effect” and such defined terms and all other references to materiality in this Agreement shall be interpreted without reference to any such amounts; 

 

	 	(ss)	“MI 61-101” means Multilateral Instrument 61-101 “Protection of Minority Shareholders in Special Transactions”; 

 

	 	(tt)	“misrepresentation” has the meaning ascribed thereto in the Securities Act; 

  

	 	(uu)	“OBCA” means the Business Corporations Act (Ontario); 

  
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	 	(vv)	“Ordinary Course” means, with respect to an action taken by Vitran, that such action is consistent with the past practices of Vitran and the Vitran Subsidiaries since January 1, 2013 and is taken
in the ordinary course of the normal day-to-day operations of the business of Vitran and the Vitran Subsidiaries; 

  

	 	(ww)	“No Action Letter” means written confirmation from the Commissioner of Competition that she or he does not, at that time, intend to make an application under Section 92 of the Competition Act in
respect of the Transactions contemplated by this Agreement; 

  

	 	(xx)	“Parties” means Vitran, Parent and Purchaser and “Party” means any one of them; 

  

	 	(yy)	“Person” shall be broadly interpreted and includes any natural person, legal person, partnership, limited partnership, joint venture, unincorporated association or other organization, trust, trustee,
executor, administrator or liquidator, regulatory body or agency, government or governmental agency, authority or entity, however designated or constituted and whether or not a legal entity; 

 

	 	(zz)	“Plan of Arrangement” means the plan of arrangement substantially in the form and content of Exhibit I annexed hereto and any amendments or variations thereto made in accordance with Article 5 of the
Plan of Arrangement or made at the direction of the Court in the Final Order; 

  

	 	(aaa)	“Pre-Acquisition Reorganization” has the meaning set out in Section 8(t) hereof; 

  

	 	(bbb)	“Prohibited Payments” mean any offer, gift, payment, promise to pay or authorization to pay money or anything of value to or for the use or benefit of any government official (including employees and
directors of government-owned companies and other state enterprises), political party, party official, candidate for public office or employee of a public international organization in an effort to win or retain business or secure any improper
advantage, except that the term does not include any payment to a government official, political party, party official or political candidate that is expressly permitted under the written laws of the country involved, or any facilitating payment
that is made solely to secure the provision of routine governmental services; 

  

	 	(ccc)	“Real Property” has the meaning set out in paragraph (t) of Schedule A; 

  

	 	(ddd)	“Real Property Encumbrances” means the Encumbrances over the Real Property disclosed in the Vitran Disclosure Letter; 

 

	 	(eee)	“Release” has the meaning prescribed in any Environmental Law and includes any sudden, intermittent or gradual release, spill, leak, pumping, addition, pouring, emission, emptying, discharge, migration,
injection, escape, leaching, disposal, dumping, deposit, spraying, burial, abandonment, incineration, seepage, placement or introduction of a Contaminant, whether accidental or intentional, into the environment; 

  
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	 	(fff)	“Remediation” means any investigation, clean-up, removal action, remedial action, restoration, repair, response action, corrective action, monitoring, sampling, and analysis, installation, reclamation,
closure or post-closure in connection with the suspected, threatened or actual Environmental Condition; 

  

	 	(ggg)	“Representatives” has the meaning set out in Section 16(a); 

  

	 	(hhh)	“SEC” means the Securities and Exchange Commission of the United States of America; 

  

	 	(iii)	“Secured Lender Encumbrances” means the Encumbrances in favour of Vitran’s secured lenders disclosed in the Vitran Disclosure Letter; 

 

	 	(jjj)	“Securities Act” means the Securities Act (Ontario), as amended from time to time; 

  

	 	(kkk)	“Securities Authorities” means the Ontario Securities Commission and the other securities regulatory authorities in the provinces of Canada and the SEC, collectively and “Securities
Authority” means any one of them; 

  

	 	(lll)	“SEDAR” means The System for Electronic Document Analysis and Retrieval, a filing system developed for the Canadian Securities Administrators; 

 

	 	(mmm)	“Subsidiary” has the meaning ascribed thereto in the Securities Act; 

  

	 	(nnn)	“Superior Proposal” means any unsolicited bona fide written Acquisition Proposal from a third party made after the date of this Agreement: (i) to acquire not less than all of the outstanding Common
Shares (not owned or controlled by such third party or its Affiliates) or substantially all of the assets of Vitran on a consolidated basis; (ii) that did not result from or involve a breach by Vitran of this Agreement; (iii) that the
directors of Vitran have determined in good faith is reasonably capable of being completed without undue delay, taking into account, all financial, legal, regulatory and other aspects of such Acquisition Proposal and the Person making such
Acquisition Proposal; (iv) that is not subject to any financing condition; (v) that is not subject to any due diligence condition; and (vi) in respect of which the directors of Vitran determine, in their good faith judgment, after
receiving the advice of Vitran’s outside legal counsel and financial advisors and after taking into account all the terms and conditions of the Acquisition Proposal, including all legal, financial, regulatory and other aspects of such
Acquisition Proposal and the Person making such Acquisition Proposal, would, if consummated in accordance with its terms, and without assuming away the risk of non-completion, result in a transaction which is more favourable, from a financial point
of view, to the Vitran Shareholders than the Arrangement (including any amendments to the terms and conditions of the Arrangement proposed by Purchaser pursuant to Section 18 of this Agreement); 

  
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	 	(ooo)	“Superior Proposal Notice” has the meaning set out in Section 18(a)(iv); 

  

	 	(ppp)	“Tax” and “Taxes” means all taxes, assessments, charges, dues, duties, rates, fees imposts, levies and similar charges of any kind lawfully levied, assessed or imposed by any
Governmental Entity, including all income taxes (including any tax on or based upon net income, gross income, income as specially defined, earnings, profits or selected items of income, earnings or profits) and all capital taxes, gross receipts
taxes, environmental taxes and charges, sales taxes, use taxes, ad valorem taxes, value added taxes, subsoil use or extraction taxes and ownership fees, transfer taxes (including, without limitation, taxes relating to the transfer of
interests in real property or entities holding interests therein), franchise taxes, licence taxes, withholding taxes, health taxes, payroll taxes, employment taxes, Canada Pension Plan premiums, excise, severance, social security, workers’
compensation, employment insurance or compensation taxes, mandatory pension and other social fund taxes or premium, stamp taxes, occupation taxes, premium taxes, property taxes, windfall profits taxes, alternative or add-on minimum taxes, goods and
services tax, harmonized sales tax, customs duties or other taxes, fees, imports, assessments or charges or any kind whatsoever, together with any interest and any penalties or additional amounts imposed by any taxing authority (domestic or foreign)
on such entity, and any interest, penalties, additional taxes and additions to tax imposed with respect to the foregoing; 

  

	 	(qqq)	“Tax Act” means the Income Tax Act (Canada); 

  

	 	(rrr)	“Tax Returns” means all returns, schedules, elections, declarations, reports, information returns and statements required to be filed with any taxing authority relating to Taxes; 

 

	 	(sss)	“Termination Date” means the date upon which this Agreement is terminated pursuant to the terms of this Agreement; 

  

	 	(ttt)	“Termination Fee” has the meaning set out in Section 19(b); 

  

	 	(uuu)	“Termination Fee Event” has the meaning set out in Section 19(b); 

  

	 	(vvv)	“Transactions” means the transactions contemplated by this Agreement and the Plan of Arrangement and including, for greater certainty, the Arrangement; 

 

	 	(www)	“Transportation Act Approval” means that, on or before the Effective Date (a) the Minister of Transport has, pursuant to section 53.1 of the Canada Transportation Act been notified of the
Transactions contemplated by this Agreement, and has given notice to Vitran or Purchaser that he is of the opinion that the Transactions contemplated by this Agreement do not raise issues with respect to the public interest as it relates to national
transportation, or (b) if the Minister of Transport is of the opinion that the Transactions contemplated by this Agreement raises issues with respect to the public interest as it relates to national transportation, the Governor-in-Council has approved the Transactions contemplated by this Agreement; 

  
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	 	(xxx)	“U.S. Exchange Act” means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder; 

 

	 	(yyy)	“U.S. Securities Act” means the United States Securities Act of 1933, as amended, and the rules and regulations thereunder; 

 

	 	(zzz)	“Vitran Disclosure Letter” means the letter of even date herewith delivered by Vitran to Purchaser in a form accepted by and initialled on behalf of Purchaser, with respect to certain matters in this
Agreement; 

  

	 	(aaaa)	“Vitran Documents” has the meaning set out in paragraph (bb) of Schedule A; 

  

	 	(bbbb)	“Vitran DSU Plan” means collectively, the Vitran DSU Plan for Directors and the Vitran DSU Plan for Senior Executives, adopted with effect from September 14, 2005 and January 1, 2006,
respectively, each, as amended; 

  

	 	(cccc)	“Vitran DSUs” means the outstanding Deferred Stock Units (DSUs) issued pursuant to the Vitran DSU Plan; 

  

	 	(dddd)	“Vitran Incentive Plans” means the Vitran Stock Option Plan and the Vitran DSU Plan; 

  

	 	(eeee)	“Vitran Meeting” means the special meeting, including any adjournments or postponements thereof, of the Vitran Shareholders to be held, among other things, to consider and, if deemed advisable, to
approve the Arrangement; 

  

	 	(ffff)	“Vitran Options” means the outstanding options to purchase Common Shares issued pursuant to the Vitran Stock Option Plan; 

 

	 	(gggg)	“Vitran Optionholders” means, at any time, the holders of Vitran Options, at such time; 

  

	 	(hhhh)	Vitran Proxy Statement” means the preliminary proxy statement and final proxy statement on Schedule 14A to be prepared by Vitran in respect of the Vitran Meeting and filed with the SEC; 

 

	 	(iiii)	“Vitran Required Vote” means the requisite securityholder approval for the Arrangement being (i) not less than 66-2/3 percent of the votes cast in respect of the Arrangement Resolution by Vitran
Shareholders, voting as a single class, present in person or by proxy at the Vitran Meeting; and (ii) such other approval required by the Court or applicable Laws; 

 

	 	(jjjj)	“Vitran Shareholder Rights Plan” means Vitran’s shareholder rights plan agreement dated November 4, 2013 between Vitran and Computershare Trust Company of Canada, as the same may be amended,
restated or replaced from time to time; 

  
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	 	(kkkk)	“Vitran Shareholders” means, at any time, the holders of Common Shares at such time; 

  

	 	(llll)	“Vitran Stock Option Plan” means the Amended and Restated Vitran Stock Option Plan dated March 18, 2013, as amended; and 

 

	 	(mmmm)	“Vitran Subsidiaries” means Subsidiaries of Vitran and “Vitran Subsidiary” means any one of them. 

 

	2.	Arrangement: 

 Purchaser and Vitran agree that the Arrangement shall be implemented in accordance
with the terms and subject to the conditions contained in this Agreement and the Plan of Arrangement. 
  

	3.	Representations and Warranties of Vitran: 

 Vitran hereby makes the representations and warranties
set out in Schedule A hereto to and in favour of Purchaser and acknowledges that Purchaser is relying upon such representations and warranties in connection with the entering into of this Agreement and the completion of the Arrangement and the other
Transactions contemplated by this Agreement. 
  

	4.	Representations and Warranties of Purchaser, Guarantee of Parent: 

  

	 	(a)	Purchaser hereby makes the representations and warranties set out in Schedule B hereto to and in favour of Vitran and acknowledges that Vitran is relying upon such representations and warranties in connection with the
entering into of this Agreement and the completion of the Arrangement and the other Transactions contemplated by this Agreement. 

  

	 	(b)	Parent represents and warrants that it is the registered and beneficial holder of all of the shares of Purchaser. Parent hereby unconditionally and irrevocably guarantees in favour of Vitran and covenants and agrees to
be jointly and severally liable to Vitran with Purchaser for: (i) the accuracy of all of Purchaser’s representations and warranties contained in this Agreement or in any certificate delivered pursuant hereto and (ii) the due and
punctual performance of each and every covenant and obligation of Purchaser arising under this Agreement, subject to the terms hereof. No change, amendment or modification of this Agreement, or waiver of any of its terms, shall diminish, release or
discharge the liability of Parent under the provisons of this Section 4(b). The liability of Parent is continuing and shall only be discharged by the full performance by Purchaser of all of its obligations under this Agreement.

  

	5.	Survival of Representations and Warranties: 

 The representations and warranties contained in this
Agreement shall survive the execution and delivery of this Agreement and shall expire and be terminated and extinguished at the Effective Time. Any investigation by Purchaser or Vitran and their respective advisors shall not mitigate, diminish or
affect the representations and warranties of Vitran, or Purchaser, respectively, contained in this Agreement. 

  
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	6.	Covenants of Vitran: 

 Subject to the terms of this Agreement, Vitran hereby covenants and agrees
with Purchaser as follows: 
  

	 	(a)	As soon as reasonably practical after the execution and delivery of this Agreement and the preparation of a substantially-completed Vitran Proxy Statement in accordance with Section 8(a), and in cooperation with
Purchaser and its representatives, Vitran will apply in a manner acceptable to Purchaser, acting reasonably, under Section 182 of the OBCA for the Interim Order, and thereafter proceed with and diligently seek to obtain the Interim Order.
Vitran shall use commercially reasonable efforts to so apply for the Interim Order on or before January 31, 2014. 

  

	 	(b)	As soon as reasonably practical after the execution and delivery of this Agreement and the obtaining of the Interim Order, Vitran will convene and hold the Vitran Meeting with a targeted date on or before March 14,
2014, and in any event before April 15, 2014, for the purpose of considering the Arrangement Resolution (and for any other proper purpose as may be set out in the notice for such Vitran Meeting with the prior approval of Purchaser acting
reasonably), in accordance with the Interim Order and not adjourn, postpone or cancel (or propose the adjournment, postponement or cancellation of) the Vitran Meeting without the prior written consent of Purchaser, except for quorum purposes, as
required by a Governmental Entity, or as required or permitted under Section 18(d), it being understood that, provided that this Agreement has not been terminated in accordance with its terms, the Vitran Meeting shall be held regardless of
whether the directors of Vitran recommend that Vitran Shareholders vote against the Arrangement Resolution or any other Change in Recommendation has occurred. 

  

	 	(c)	Subject to obtaining the approvals as are required by the Interim Order, Vitran will proceed with and diligently pursue the application to the Court for the Final Order as soon as reasonably practicable but in any
event, not later than five Business Days after the Arrangement Resolution is passed at the Vitran Meeting, or such later date as may be agreed to by Purchaser and Vitran. 

 

	 	(d)	 Subject to obtaining the Final Order and the satisfaction or waiver of the other conditions herein contained in favour of each Party, Vitran will send
to the Director, for endorsement and filing by the Director, the Articles of Arrangement and such other documents as may be required in connection therewith under the OBCA to give effect to the Arrangement no later than the second Business Day after
the satisfaction or, where not prohibited, the waiver by the applicable Party or Parties in whose favour the condition is, of the conditions set out in Articles 11, 12 and 13 (excluding conditions that, by their terms, cannot be satisfied until the
Effective Date, but subject to the satisfaction or, where not prohibited, the waiver 

  
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by the applicable Party or Parties in whose favour the condition is, of those conditions as of the Effective Date), unless another time or date is agreed to in writing by the Parties.

  

	7.	Interim Order. 

 The notice of motion for the application referred to in Section 6(a) shall
request that the Interim Order provide: 
  

	 	(a)	for the class of Persons to whom notice is to be provided in respect of the Arrangement and the Vitran Meeting and for the manner in which such notice is to be provided; 

 

	 	(b)	that the requisite approval for the Arrangement Resolution shall be the Vitran Required Vote; 

  

	 	(c)	that, in all other respects, the terms, restrictions and conditions of the by-laws and articles of Vitran, including quorum requirements and all other matters, shall apply in respect of the Vitran Meeting;

  

	 	(d)	for the grant of the Dissent Rights; 

  

	 	(e)	that each Vitran Shareholder will have the right to appear before the Court at the hearing of the Court to approve the Final Order so long as such Vitran Shareholder enters an appearance within a reasonable time;

  

	 	(f)	that the Vitran Meeting may be adjourned or postponed from time to time in accordance with the terms of this Agreement without the need for additional approval of the Court; 

 

	 	(g)	that the record date for Vitran Shareholders entitled to notice of and to vote at the Vitran Meeting will not change in respect of any adjournment(s) of the Vitran Meeting; and 

 

	 	(h)	for the notice requirements respecting the presentation of the application to the Court for a Final Order. 

  

	8.	Vitran Proxy Statement, Court Proceedings and Other Covenants. 

  

	 	(a)	 Vitran Proxy Statement. Vitran will as promptly as reasonably practicable after the date hereof, prepare and file with the SEC, a preliminary
version of the Vitran Proxy Statement in connection with the Arrangement and shall prepare any other documents required by applicable Laws, applicable Securities Authorities, and the applicable rules and policies of the Exchanges in connection with
the approval of the Arrangement, and Vitran shall provide Purchaser with a reasonable opportunity to review and comment on the Vitran Proxy Statement and all such other documents and shall give reasonable consideration to any comments made by
Purchaser and its counsel and agrees that any information relating solely to 

  
 - 13 - 

	 	
Purchaser included in the Vitran Proxy Statement must be in a form and content satisfactory to Purchaser, acting reasonably. Vitran shall use its commercially reasonable efforts to respond to any
comments of the SEC in order to cause the Vitran Proxy Statement to become effective as promptly as practicable after the date hereof. None of the information supplied or to be supplied by Vitran for inclusion or incorporation by reference in the
Vitran Proxy Statement will, at the time the Vitran Proxy Statement becomes effective, at the time of the Vitran Meeting and at the Effective Time contain any untrue statement of a material fact or omit to state any material fact required to be
stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. If at any time prior to the Effective Time any event relating to or affecting Vitran shall occur as a
result of which it is necessary, in the opinion of counsel for Vitran, to supplement or amend the Vitran Proxy Statement in order to make such document not incorrect or misleading, Vitran will forthwith prepare and file with the SEC an amendment or
supplement to the Vitran Proxy Statement so that such document, as so supplemented or amended, will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of
the circumstances existing at such time, not misleading. The Vitran Proxy Statement will comply as to form and substance in all material respects with the applicable requirements of the U.S. Securities Act, the U.S. Exchange Act, the rules of the
Exchanges, applicable Securities Authorities, and all applicable Laws. 

  

	 	(b)	Board Approval, Solicitation of Proxies and Meeting. Vitran hereby approves of and consents to the Arrangement and represents that the directors of Vitran, at a meeting duly called and held, and after consulting
with Vitran’s financial (including receiving the Fairness Opinion) and legal advisors have unanimously (a) determined that the Arrangement and the other Transactions are fair to Vitran Shareholders and in the best interests of Vitran,
(b) approved and declared advisable this Agreement and the Arrangement, and (c) resolved to recommend to all Vitran Shareholders that they vote in favour of the Arrangement (the “Board Recommendation”). Without limiting
the generality of the foregoing, Vitran will ensure that the Vitran Proxy Statement includes: (d) a copy of the Fairness Opinion, (e) a statement that the directors of Vitran have received the Fairness Opinion, and have unanimously, after
receiving legal and financial advice, determined that the Arrangement is in the best interests of Vitran and the Vitran Shareholders, and that the Consideration to be received by the Vitran Shareholders is fair to such Shareholders; (f) the
Board Recommendation; and (g) a statement that each director and senior officer of Vitran who owns or controls Common Shares intends to vote all of such individual’s Common Shares in favour of the Arrangement. Vitran shall:

  

	 	(i)	subject to the terms of this Agreement, use its commercially reasonable efforts to solicit proxies in favour of the approval of the Arrangement Resolution and against any resolution submitted by any Person that is
inconsistent with the Arrangement Resolution and the completion of any of the Transactions contemplated by this Agreement, including, if so requested by Purchaser, acting reasonably, and financed by Purchaser, using dealer and proxy solicitation
services firms engaged by Vitran; 

  
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	 	(ii)	provide Purchaser with copies of or access to information regarding the Vitran Meeting generated by any dealer or proxy solicitation services firm, as may be reasonably requested from time to time by Purchaser;

  

	 	(iii)	consult with Purchaser in fixing the date of the Vitran Meeting and the record date of the Vitran Meeting, give notice to Purchaser of the Vitran Meeting and allow Purchaser’s representatives and legal counsel to
attend the Vitran Meeting; 

  

	 	(iv)	provide Purchaser, as promptly as reasonably possible, at such times as Purchaser may reasonably request and at least on a daily basis on each of the last ten Business Days prior to the date of the Vitran Meeting with
the aggregate tally of the proxies received by Vitran in respect of the Arrangement Resolution; 

  

	 	(v)	advise Purchaser as promptly as reasonably possible, of any communication (written or oral) from or claims brought by (or threatened to be brought by) any Person in opposition to the Arrangement and/or purported
exercise or withdrawal of Dissent Rights by Vitran Shareholders; 

  

	 	(vi)	not change the record date for the Vitran Shareholders entitled to vote at the Vitran Meeting in connection with any adjournment or postponement of the Vitran Meeting unless required by applicable Laws;

  

	 	(vii)	at the reasonable request of Purchaser from time to time, as soon as reasonably practicable, provide Purchaser to the extent available, with a list (in both written and electronic form) of the registered Vitran
Shareholders, together with their addresses and respective holdings of Common Shares, with a list of the names and addresses and holdings of all Persons having rights issued by Vitran to acquire Common Shares and a list of non-objecting beneficial
owners of Common Shares, together with their addresses and respective holdings of Common Shares, all as of a date that is as close as reasonably practicable prior to the date of delivery of such lists. Vitran shall from time to time require that its
registrar and transfer agent furnish Purchaser at Purchaser’s expense with such additional information, including updated or additional lists of Vitran Shareholders and lists of holdings and other assistance as Purchaser may reasonably request
in order to be able to communicate with respect to the Arrangement with the Vitran Shareholders entitled to vote on the Arrangement Resolution; and 

  

	 	(viii)	 upon the reasonable request of Purchaser and for the sole purpose of attempting to obtain the Vitran Required Vote, Vitran will adjourn or

  
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postpone the Vitran Meeting to a date specified by Purchaser, provided that the Vitran Meeting, so adjourned or postponed, will not be later than the date that is thirty days prior to the
Completion Deadline. 

  

	 	(c)	Court Proceedings. In connection with all Court proceedings relating to obtaining the Interim Order and the Final Order, or otherwise in connection with this Agreement or the Transactions contemplated by this
Agreement, Vitran shall: 

  

	 	(i)	diligently pursue obtaining the Interim Order and the Final Order; 

  

	 	(ii)	provide Purchaser and its legal counsel with a reasonable opportunity to review and comment upon drafts of all material to be filed with the Court in connection with the Arrangement, and will give reasonable
consideration to such comments; 

  

	 	(iii)	provide legal counsel to Purchaser on a timely basis with copies of any notice of appearance, evidence or other documents served on Vitran or its legal counsel in respect of the application for the Interim Order or the
Final Order or any appeal therefrom, and any notice, written or oral, indicating the intention of any Person to appeal, or oppose the granting of, the Interim Order or the Final Order; 

 

	 	(iv)	ensure that all material filed with the Court in connection with the Arrangement is consistent in all material respects with the terms of this Agreement and the Plan of Arrangement; 

 

	 	(v)	not file any material with the Court in connection with the Arrangement or serve any such material, or agree to modify or amend any material so filed or served, except as contemplated by this Agreement or with
Purchaser’s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed; 

  

	 	(vi)	oppose any proposal from any Person that the Final Order contain any provision inconsistent with this Agreement, and if required by the terms of the Final Order or by Laws to return to Court with respect to the Final
Order do so only after notice to, and in consultation and cooperation with, Purchaser; and 

  

	 	(vii)	not object to legal counsel to Purchaser making such submissions on the application for the Interim Order and the application for the Final Order which is not inconsistent in any material respect with the terms of this
Agreement and the Plan of Arrangement, as such counsel considers appropriate, provided that Vitran and its legal counsel are advised of the nature of any such submissions prior to the hearing. 

 

	 	(d)	Proceedings. In a timely and expeditious manner, Vitran and the Vitran Subsidiaries shall take all such actions and do all such acts and things as are contemplated herein to be taken or done by Vitran and the
Vitran Subsidiaries, as applicable. 

  
 - 16 - 

	 	(e)	Copy of Documents. Except for non-substantive communications, in addition to the deliveries set out in Section 8(b), Vitran shall furnish as promptly as reasonably practical to Purchaser a copy of each
notice, report, schedule or other document or communication delivered, filed or received by Vitran in connection with this Agreement, the Arrangement or the Vitran Meeting or any other meeting related to the Transactions at which all Vitran
Shareholders are entitled to attend, any filings made under any applicable Laws and any dealings or communications with any Governmental Entity, Securities Authority or Exchange in connection with, or in any way affecting, the Arrangement or the
other Transactions contemplated by this Agreement. 

  

	 	(f)	Usual Business. Other than in connection with completing the Arrangement or as are required by applicable Laws or any Governmental Entity, Vitran shall, and shall cause the Vitran Subsidiaries to conduct business
only in, and not take any action except in, the Ordinary Course and shall use its reasonable commercial efforts to preserve intact the current business organization of Vitran and the Vitran Subsidiaries, keep available the services of the present
senior officers of Vitran, and the Vitran Subsidiaries and maintain good relations with, and the goodwill of, Persons having business relationships with Vitran or any of the Vitran Subsidiaries. 

 

	 	(g)	Certain Actions Prohibited. Other than in contemplation of or as required to give effect to the Arrangement or the Transactions contemplated herein or as required by applicable Laws or any Governmental Entity,
Vitran shall not (and shall ensure that the Vitran Subsidiaries do not), without the prior written consent of Purchaser, directly or indirectly do or permit to occur any of the following: 

 

	 	(i)	issue, sell, pledge, lease, dispose of, encumber or create any Encumbrance on or agree to issue, sell, pledge, lease, dispose of, or encumber or create any Encumbrance on, or permit a Vitran Subsidiary to issue, sell,
pledge, lease, dispose of, encumber or create any Encumbrance on or agree to issue, sell, pledge, lease, dispose of, or encumber or create any Encumbrance on, any shares of, or any options, warrants, calls, conversion privileges or rights of any
kind to acquire any shares of, Vitran or any of the Vitran Subsidiaries, other than the issue of up to 590,750 Common Shares pursuant to the exercise of the Vitran Options issued and outstanding on the date hereof in accordance with their terms as
of the date hereof; 

  

	 	(ii)	other than in the Ordinary Course, or as set out in the Vitran Disclosure Letter, in respect of rights, properties or assets that are not, either individually or in the aggregate, material to Vitran, sell, lease or
otherwise dispose of, or permit any of the Vitran Subsidiaries to sell, lease or otherwise dispose of, any material property or assets or enter into any agreement or commitment in respect of any of the foregoing; 

  
 - 17 - 

	 	(iii)	amend or propose to amend the articles or by-laws (or their equivalent) of Vitran or any of the Vitran Subsidiaries or, except for purposes of and as provided in Section 8(v), any of the terms of the Vitran Options
or Vitran DSUs as they exist at the date of this Agreement; 

  

	 	(iv)	split, combine or reclassify any of the shares of Vitran or any of the Vitran Subsidiaries, or declare, set aside or pay any dividend or other distribution payable in cash, securities, property or otherwise with respect
to the Common Shares; 

  

	 	(v)	redeem, purchase or offer to purchase or permit any of the Vitran Subsidiaries to redeem, purchase or offer to purchase, any Common Shares; 

 

	 	(vi)	reorganize, amalgamate or merge Vitran or any of the Vitran Subsidiaries with any other Person other than another Vitran Subsidiary; 

 

	 	(vii)	acquire or agree to acquire any corporation or other entity (or material interest therein) or division of any corporation or other entity; 

 

	 	(viii)	(A) satisfy or settle any material claims or disputes which are, individually or in the aggregate material to Vitran; (B) relinquish any contractual rights which are, individually or in the aggregate material to
Vitran; or (C) enter into any interest rate, currency or commodity swaps, hedges, caps, collars, forward sales or other similar financial instruments other than in the Ordinary Course and not for speculative purposes; 

 

	 	(ix)	except as set out in the Vitran Disclosure Letter, incur, authorize, agree or otherwise become committed to provide guarantees for borrowed money or incur, authorize, agree or otherwise become committed for any
indebtedness for borrowed money in excess of USD$1,000,000 in the aggregate, or permit any of the Vitran Subsidiaries to incur, authorize, agree or otherwise become committed to provide guarantees for borrowed money or incur, authorize, agree or
otherwise become committed for any indebtedness for borrowed money; 

  

	 	(x)	except as required by GAAP, any other generally accepted accounting principle to which any Vitran Subsidiary may be subject or any applicable Laws, make any changes to the existing accounting practices of Vitran or make
any material tax election inconsistent with past practice; 

  

	 	(xi)	adopt a plan of liquidation or resolutions providing for the liquidation or dissolution of Vitran or any of the Vitran Subsidiaries; 

  
 - 18 - 

	 	(xii)	make any capital expenditure or commitment to do so other than in the Ordinary Course or which individually or in the aggregate exceed USD$1,000,000 except in accordance with the approved annual budget of Vitran or as
disclosed in the Vitran Disclosure Letter; 

  

	 	(xiii)	make any material Tax election, information schedule, return or designation, settle or compromise any material Tax claim, assessment, reassessment or liability, file any material amended Tax Return, enter into any
material agreement with a Governmental Entity with respect to Taxes, surrender any right to claim a material Tax abatement, reduction, deduction, exemption, credit or refund, consent to the extension or waiver of the limitation period applicable to
any material Tax matter or materially amend or change any of its methods or reporting income, deductions or accounting for income Tax purposes except as may be required by Law; 

 

	 	(xiv)	knowingly take any action or knowingly permit inaction or knowingly enter into any transaction that could reasonably be expected to have the effect of materially reducing or eliminating the amount of the tax cost
“bump” pursuant to paragraphs 88(1)(c) and 88(1)(d) of the Tax Act in respect of the securities of any Affiliates of Vitran or any Vitran Subsidiary and other non-depreciable capital property owned by Vitran or any of the Vitran
Subsidiaries on the date hereof, upon an amalgamation or winding-up of Vitran or any of the Vitran Subsidiaries (or any of their respective successors); 

  

	 	(xv)	make an “investment” (as that term is defined in section 212.3 of the Tax Act) in any corporation that is, or will be prior to the Effective Time, a “foreign affiliate” of Vitran for purposes of the
Tax Act; 

  

	 	(xvi)	make any bonus or profit sharing distribution or similar payment of any kind, other than pursuant to the employment agreements, retention agreements and transaction incentive agreements disclosed in the Vitran
Disclosure Letter; 

  

	 	(xvii)	 except as required by Laws: (i) adopt, enter into or amend any Employee Plan (other than entering into an employment or consulting agreement in
the Ordinary Course with a new non-management employee who was not employed or retained by Vitran or a Vitran Subsidiary on the date of this Agreement or renewing an existing employment or consulting agreement in the Ordinary Course); (ii) pay
any benefit to any director or officer of Vitran or any of the Vitran Subsidiaries or to any Employee that is not required under the terms of any Employee Plan or the employment, retention or transaction incentive agreements in effect on the date of
this Agreement as disclosed in the Vitran Disclosure Letter; (iii) grant, accelerate, increase or otherwise amend any payment, award or other benefit, in any material respect, payable to, or for the benefit of, any director or officer of Vitran
or any of the Vitran Subsidiaries or to any 

  
 - 19 - 

	 	
Employee; (iv) make any material determination under any Employee Plan that is not in the Ordinary Course; or (v) take or propose any action to effect any of the foregoing;

  

	 	(xviii)	enter into or amend any contract with any broker, finder or investment banker; or 

  

	 	(xix)	agree or commit to do any of the foregoing. 

  

	 	(h)	Insurance. Vitran shall use its reasonable commercial efforts, and shall cause the Vitran Subsidiaries to use their reasonable commercial efforts, to cause their respective current insurance (or reinsurance)
policies not to be cancelled or terminated or any of the coverage thereunder to lapse, unless simultaneously with such termination, cancellation or lapse, replacement policies underwritten by insurance and reinsurance companies of internationally
recognized standing providing coverage equal to or greater than the coverage under the cancelled, terminated or lapsed policies for substantially similar premiums are in full force and effect. 

 

	 	(i)	Certain Actions. Vitran shall: 

  

	 	(i)	not take any action and cause the Vitran Subsidiaries to not take any action, that would interfere with or be inconsistent with the completion of the Arrangement and the other Transactions contemplated by this Agreement
or would render, or that could reasonably be expected to render, any representation or warranty made by Vitran in this Agreement untrue or inaccurate at any time prior to the Effective Date if then made; and 

 

	 	(ii)	promptly notify Purchaser of (A) any Material Adverse Change or Material Adverse Effect, or any change, event, occurrence or state of facts which could reasonably be expected to become a Material Adverse Change or
to have a Material Adverse Effect, (B) any material Governmental Entity or third person complaints, investigations or hearings (or communications indicating that the same may be contemplated), (C) any breach by Vitran of any covenant or
agreement contained in this Agreement, and (D) any event occurring subsequent to the date hereof that would render any representation or warranty of Vitran contained in this Agreement, if made on or as of the date of such event or the Effective
Date, to be untrue or inaccurate. 

  

	 	(j)	No Compromise. Vitran shall not, and shall cause the Vitran Subsidiaries not to, settle or compromise any claim brought by any present, former or purported holder of any securities of Vitran in connection with
the Arrangement prior to the Effective Date without the prior written consent of Purchaser, which will not be unreasonably withheld. 

  
 - 20 - 

	 	(k)	Contractual Obligations. Except in the Ordinary Course, and other than as required by applicable Laws, Vitran shall not, and shall cause the Vitran Subsidiaries not to, enter into, renew or modify in any material
respect any material contract, agreement, lease, commitment or arrangement to which Vitran or any of the Vitran Subsidiaries is a party or by which any of them is bound, except insofar as may be necessary to permit or provide for the completion of
the Arrangement. 

  

	 	(l)	Satisfaction of Conditions. Vitran shall use all commercially reasonable efforts to satisfy, or cause to be satisfied, all conditions precedent to its obligations to the extent that the same is within its control
and to take, or cause to be taken, all other action and to do, or cause to be done, all other things necessary, proper or advisable under all applicable Laws to complete the Arrangement and the other Transactions contemplated by this Agreement,
including using its commercially reasonable efforts to: 

  

	 	(i)	obtain all consents (including Key Third Party Consents), approvals and authorizations as are required to be obtained by Vitran or any of the Vitran Subsidiaries under any applicable Laws or from any Governmental Entity
which would, if not obtained, materially impede the completion of the Arrangement and the other Transactions contemplated herein or have a Material Adverse Effect; 

 

	 	(ii)	effect all necessary registrations, filings and submissions of information requested by Governmental Entities required to be effected by Vitran or any of the Vitran Subsidiaries in connection with the Arrangement and
participate and appear in any proceedings of any Party hereto before any Governmental Entity; 

  

	 	(iii)	oppose, lift or rescind any injunction or restraining order or other order or action challenging or affecting this Agreement, the Arrangement or seeking to stop, or otherwise adversely affecting the ability of the
Parties hereto to consummate, the Arrangement; 

  

	 	(iv)	fulfill all conditions and satisfy all provisions of this Agreement required to be fulfilled or satisfied by Vitran; 

  

	 	(v)	cooperate with Purchaser in connection with the performance by it of its obligations hereunder, provided, however, that other than as set out in this Agreement, the foregoing shall not be construed to obligate Vitran to
pay or cause to be paid any monies or to cause any liability to be incurred to cause such performance to occur; and 

  

	 	(vi)	file the definitive Vitran Proxy Statement with the SEC. 

  

	 	(m)	 Refrain from Certain Actions. Vitran shall not take any action, refrain from taking any action (subject to commercially reasonable efforts), or
permit any action to be taken or not taken, inconsistent with the provisions of this Agreement or which 

  
 - 21 - 

	 	
could reasonably be expected to materially impede the completion of the Arrangement or which could have a Material Adverse Effect, provided that where Vitran is required to take any such action
or refrain from taking such action (subject to commercially reasonable efforts) as a result of this Agreement, it shall as promptly as reasonably practical notify Purchaser in writing of such circumstances. 

 

	 	(n)	Cooperation. Vitran shall make, or cooperate as necessary in the making of, all necessary filings and applications under all applicable Laws required in connection with the Arrangement and take all reasonable
action necessary to be in compliance with such Laws. 

  

	 	(o)	Representations. Vitran shall use its commercially reasonable efforts to conduct its affairs and to cause the Vitran Subsidiaries to conduct their affairs so that all of the representations and warranties of
Vitran contained herein shall be true and correct on and as of the Effective Date as if made on and as of such date. 

  

	 	(p)	Information. Vitran shall continue to make available and cause to be made available to Purchaser and the agents and advisors thereto all documents, agreements, corporate records and minute books as may be
necessary to enable Purchaser to effect a thorough examination of Vitran and the Vitran Subsidiaries and the business, properties and financial status thereof. Subject to applicable Laws, upon reasonable notice, Vitran shall, and shall cause the
Vitran Subsidiaries to, afford officers, employees, counsel, accountants and other authorized representatives and advisors of Purchaser reasonable access, during normal business hours from the date hereof until the earlier of the Effective Date or
the termination of this Agreement, to the properties, books, contracts and records as well as to the management personnel of Vitran and the Vitran Subsidiaries, and, during such period, Vitran shall, and shall cause the Vitran Subsidiaries to,
furnish as promptly as reasonably practical to Purchaser all information concerning the business, properties and personnel of Vitran and the Vitran Subsidiaries as Purchaser may reasonably request. Investigations made by or on behalf of Purchaser,
whether under this Section 8(p) or otherwise, will not waive, diminish the scope of, or otherwise affect any representation or warranty made by Vitran in this Agreement. 

 

	 	(q)	Closing Documents. Vitran shall execute and deliver, or cause to be executed and delivered, at the closing of the Arrangement and the other Transactions contemplated hereby such customary agreements,
certificates, resolutions and other closing documents as may be required by Purchaser hereto, all in form satisfactory to Purchaser, acting reasonably. 

  

	 	(r)	Resignations and Releases. Subject to obtaining confirmation that insurance coverage is maintained as contemplated in Section 9(j), Vitran shall use commercially reasonable efforts to obtain and deliver to
Purchaser at the Effective Date evidence reasonably satisfactory to Purchaser of the resignation and release of all claims against Vitran and the Vitran Subsidiaries, effective as of the Effective Date, of the directors of Vitran and the Vitran
Subsidiaries designated by Purchaser to Vitran prior to the Effective Date. 

  
 - 22 - 

	 	(s)	Shareholder Rights Plan. Vitran and its directors shall take all action necessary, immediately prior to the Effective Time, to waive the application of the Vitran Shareholder Rights Plan to the Arrangement.

  

	 	(t)	Pre-Acquisition Reorganizations. Vitran agrees that, upon request by Purchaser, Vitran shall, and shall cause each of the Vitran Subsidiaries to, use its commercially reasonable efforts to (i) effect such
reorganizations of its business, operations and assets and the integration of other affiliated businesses as Purchaser may request, acting reasonably (each a “Pre-Acquisition Reorganization”) provided that the Pre-Acquisition
Reorganization is not prejudicial to Vitran, any of the Vitran Subsidiaries or the Vitran Shareholders, and (ii) cooperate with Purchaser and its advisors to determine the nature of the Pre-Acquisition Reorganizations that might be undertaken
and the manner in which they would most effectively be undertaken. Purchaser acknowledges and agrees that the Pre-Acquisition Reorganizations shall not (A) delay or prevent consummation of the Arrangement and the other Transactions contemplated
herein (including by giving rise to litigation by third parties or the need for prior approval of the Vitran Shareholders), or (B) be considered in determining whether a representation or warranty of Vitran hereunder has been breached, it being
acknowledged by Purchaser that these actions could require the consent of third parties under applicable contracts. Purchaser shall provide written notice to Vitran of any proposed Pre-Acquisition Reorganization at least ten Business Days prior to
the Effective Date. Upon receipt of such notice, Purchaser and Vitran shall work cooperatively and use commercially reasonable efforts to prepare prior to the Effective Time all documentation necessary and do such other acts and things as are
necessary to give effect to such Pre-Acquisition Reorganizations. The Parties shall seek to have any such Pre-Acquisition Reorganization made effective as of the last moment of the day ending immediately prior to the Effective Time (but after
Purchaser shall have waived or confirmed that all conditions to completion of the Arrangement have been satisfied). 

  

	 	(u)	 Cooperation on Debt Financing. Vitran shall use its commercially reasonable efforts to provide, and shall cause the Vitran Subsidiaries and its
and their representatives to use its and their commercially reasonable efforts to provide, to Purchaser all such reasonable and timely cooperation as may be reasonably requested by Purchaser and at Purchaser’s cost and expense, and that is
customary in connection with its financing of the Consideration payable in respect of the Arrangement, including: (a) participating in meetings, drafting sessions and due diligence sessions, (b) making available to Purchaser and its
financing sources such financial and other pertinent information regarding Vitran and the Vitran Subsidiaries as may be reasonably requested by Purchaser, (c) assisting Purchaser and its financing sources in the preparation of documents
required in connection with its financing, (d) assisting Purchaser and its financing sources in connection with matters relating to title to assets or property, (e) facilitating the pledging of

  
 - 23 - 

	 	
Vitran collateral, (f) cooperating with Purchaser and its financing sources in connection with any syndication of the financing, if required, and (g) facilitating the execution and
delivery of definitive documents related to the financing. Purchaser acknowledges and agrees that Vitran and the Vitran Subsidiaries and officers and representatives have no responsibility for any financing that Purchaser may raise in connection
with the Transactions contemplated hereby. Purchaser also acknowledges and agrees that the obtaining financing by Purchaser is not a condition to any of its obligations hereunder, regardless of the reasons why financing is not obtained or whether
such reasons are within or beyond the control of Purchaser. For the avoidance of doubt, if any financing referred to in this Section 8(u), is not obtained, Purchaser shall continue to be obligated to consummate the Transactions contemplated by
this Agreement, subject to the terms and conditions contemplated by this Agreement. Purchaser shall indemnify and save harmless Vitran and the Vitran Subsidiaries and their respective officers, directors, employees, agents, advisors and
representatives from and against any and all liabilities, losses, damages, claims, costs, expenses, interest awards, judgments and penalties suffered or incurred by any of them in connection with or as a result of any assistance and cooperation in
connection with such financing (including actual out-of-pocket costs and expenses for filing fees and external counsel). 

  

	 	(v)	Incentive Plans. Subject to the terms and conditions of this Agreement and the Plan of Arrangement, Vitran will cause the following to be completed prior to the Effective Time: 

 

	 	(i)	All Vitran Options which are outstanding immediately prior to the Effective Time will accelerate and vest effective immediately prior to the Effective Time and all Vitran Options which are outstanding immediately prior
to the Effective Time and have an exercise price that is greater than the amount of the Consideration will be terminated and cancelled at the Effective Time, without any payment. 

 

	 	(ii)	All outstanding Vitran DSUs which are outstanding immediately prior to the Effective Time will vest effective immediately prior to the Effective Time. 

 

	 	(iii)	 The Parties acknowledge that the outstanding Vitran Options and Vitran DSUs shall be treated in accordance with the provisions of the Plan of
Arrangement. The Parties acknowledge that no deduction will be claimed by Vitran in respect of any payment made to a holder of Vitran Options in respect of Vitran Options pursuant to the Plan of Arrangement who is a resident of Canada or who is
employed in Canada (both within the meaning of the Tax Act), in computing the Parties’ taxable income under the Tax Act, and Vitran shall: (i) where applicable, make an election pursuant to subsection 110(1.1) of the Tax Act in respect of
the cash payments made in exchange for the surrender of Vitran Options, and (ii) provide evidence in writing of such election to holders of Vitran Options, 

  
 - 24 - 

	 	
it being understood that holders of Vitran Options shall be entitled to claim any deductions available to such Persons pursuant to the Tax Act in respect of the calculation of any benefit arising
from the surrender of Vitran Options. 

  

	 	(w)	In addition: 

  

	 	(i)	Purchaser shall indemnify and save harmless Vitran and the Vitran Subsidiaries and their respective officers, directors, employees, agents, advisors and representatives from and against any and all liabilities, losses,
damages, claims, costs, expenses, interest awards, judgments and penalties suffered or incurred by any of them in connection with or as a result of any Pre-Acquisition Reorganization (including actual out-of-pocket costs and expenses for filing fees
and external counsel); 

  

	 	(ii)	any Pre-Acquisition Reorganization shall not become effective unless Purchaser shall have confirmed in writing the satisfaction or waiver of all conditions in its favour and shall have confirmed in writing that it is
prepared to promptly, without condition, proceed to effect the Arrangement; 

  

	 	(iii)	any Pre-Acquisition Reorganization shall not in the determination of Vitran, acting reasonably, unreasonably interfere in the material operations prior to the Effective Time of Vitran or any of the Vitran Subsidiaries;

  

	 	(iv)	unless the Parties otherwise agree, any Pre-Acquisition Reorganization shall not require any filings with, notifications to or approvals of any Governmental Entity or third party; 

 

	 	(v)	any Pre-Acquisition Reorganization shall not require Vitran or any Vitran Subsidiary to contravene any applicable Laws, their respective organizational documents or any contract; 

 

	 	(vi)	Vitran and the Vitran Subsidiaries shall not be obligated to take any action that could result in any Taxes being imposed on, or any adverse Tax or other consequences to, any securityholder of Vitran incrementally
greater than the Taxes or other consequences to such Party in connection with the consummation of the Arrangement in the absence of any Pre-Acquisition Reorganization; and 

 

	 	(vii)	such cooperation by Vitran in any Pre-Acquisition Reorganization shall not require the directors, officers or Employees of Vitran to take any action in any capacity other than as a director, officer or employee, as
applicable. 

  

	 	(x)	Rule 16b-3. Prior to the Effective Time, Vitran shall take such steps as may be reasonably necessary or advisable to cause dispositions of Vitran equity securities (including derivative securities) pursuant to
the Transactions by each individual who is a director or officer of Vitran to be exempt under Rule 16b-3 promulgated under the U.S. Exchange Act to the extent permitted by applicable Laws. 

  
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	9.	Covenants of Purchaser: 

 Purchaser hereby covenants and agrees with Vitran as follows: 

 

	 	(a)	Information for Vitran Proxy Statement. Purchaser agrees to cooperate with Vitran in connection with the preparation of the Vitran Proxy Statement and any related filing and any other documents required by
applicable Laws, applicable Securities Authorities, and the applicable rules and policies of the Exchanges in connection with the approval of the Arrangement, and to take such steps as may be deemed reasonably necessary by Vitran to facilitate the
preparation and filing of the Vitran Proxy Statement. None of the information supplied or to be supplied by Purchaser for inclusion or incorporation by reference in the Vitran Proxy Statement will, at the time the Vitran Proxy Statement becomes
effective, at the time of the Vitran Meeting and at the Effective Time contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of
the circumstances under which they were made, not misleading. If at any time prior to the Effective Time any event with respect to Purchaser or its officers and directors shall occur that is required to be described in the Vitran Proxy Statement,
Purchaser shall notify Vitran thereof by reference to this section and cooperate with Vitran in preparing and filing with the SEC and, as required by Law, disseminating to the Vitran Shareholders an amendment or supplement which accurately describes
such event or events in compliance with all provisions of applicable law. 

  

	 	(b)	Proceedings. In a timely and expeditious manner, Purchaser shall take all such actions and do all such acts and things as are contemplated herein to be taken or done by Purchaser. 

 

	 	(c)	Certain Actions. Purchaser shall: 

  

	 	(i)	not take any action that would interfere with or be inconsistent with the completion of the Arrangement and the other Transactions contemplated by this Agreement or would render, or that could reasonably be expected to
render, any representation or warranty made by Purchaser in this Agreement untrue or inaccurate at any time prior to the Effective Date if then made; and 

  

	 	(ii)	promptly notify Vitran of (A) any breach by Purchaser of any covenant or agreement contained in this Agreement, and (B) any event occurring subsequent to the date hereof that would render any representation or
warranty of Purchaser contained in this Agreement, if made on or as of the date of such event or the Effective Date, to be untrue or inaccurate. 

  
 - 26 - 

	 	(d)	Satisfaction of Conditions. Purchaser shall use all commercially reasonable efforts to satisfy, or cause to be satisfied, all of the conditions precedent to its obligations to the extent the same is within its
control and to take, or cause to be taken, all other actions and to do, or cause to be done, all other things necessary, proper or advisable under all applicable Laws to complete the Arrangement, including using its commercially reasonable efforts
to: 

  

	 	(i)	obtain all consents, approvals and authorizations as are required to be obtained by Purchaser under any applicable Laws or from any Governmental Entity which would, if not obtained, materially impede the completion of
the Arrangement; 

  

	 	(ii)	effect all necessary registrations, filings and submissions of information requested by Governmental Entities required to be effected by Purchaser in connection with the Arrangement and participate and appear in any
proceedings of, any Party hereto before any Governmental Entity; 

  

	 	(iii)	oppose, lift or rescind any injunction or restraining order or other order or action challenging or affecting this Agreement, the Arrangement, or seeking to stop, or otherwise adversely affecting the ability of the
Parties hereto to consummate, the Arrangement; 

  

	 	(iv)	fulfill all conditions and satisfy all provisions of this Agreement required to be fulfilled or satisfied by Purchaser; and 

  

	 	(v)	cooperate with Vitran in connection with the performance by it of its obligations hereunder, provided, however, that other than as set out in this Agreement, the foregoing shall not be construed to obligate Purchaser to
pay or cause to be paid any monies or to cause any liability to be incurred to cause such performance to occur. 

  

	 	(e)	Refrain from Certain Actions. Purchaser shall not take any action, shall refrain from taking any action (subject to commercially reasonable efforts), and shall not permit any action to be taken or not taken,
inconsistent with the provisions of this Agreement or which could reasonably be expected to materially impede the completion of the Arrangement, provided that where Purchaser is required to take any such action or refrain from taking such action
(subject to commercially reasonable efforts) as a result of this Agreement, it shall as promptly as reasonably practical notify Vitran in writing of such circumstances. 

 

	 	(f)	Cooperation. Purchaser shall make, or cooperate as necessary in the making of, all necessary filings and applications under all applicable Laws required in connection with the Arrangement and take all reasonable
action necessary to be in compliance with such Laws. 

  

	 	(g)	Representations. Purchaser shall use its commercially reasonable efforts to conduct its affairs so that all of the representations and warranties of Purchaser contained herein shall be true and correct on and as
of the Effective Date as if made on and as of such date. 

  
 - 27 - 

	 	(h)	Closing Documents. Purchaser shall execute and deliver, or cause to be executed and delivered at the closing of the Arrangement and the other Transactions contemplated hereby such customary agreements,
certificates, opinions, resolutions and other closing documents as may be required by Vitran, all in form satisfactory to Vitran, acting reasonably. 

  

	 	(i)	Employment Arrangements. Purchaser hereby covenants and agrees that it will, and will cause Vitran and the Vitran Subsidiaries to honour and abide by and perform the terms of all agreements of Vitran and the
Vitran Subsidiaries with Employees in effect on the Effective Date, including without limitation, under employment agreements, retention agreements, and transaction incentive agreements disclosed in the Vitran Disclosure Letter. 

 

	 	(j)	 Indemnification and Insurance. Purchaser covenants and agrees that all rights to indemnification or exculpation in favour of the current and
former directors and officers of Vitran and the Vitran Subsidiaries described in the Vitran Disclosure Letter shall be honoured by Purchaser. Prior to the Effective Date, Vitran shall and, if Vitran is unable to, Purchaser shall cause Vitran as of
the Effective Time to, obtain and fully pay the premium for the extension of the directors’, officers’ and employees’ insurance policies of Vitran and the Vitran Subsidiaries for a claims reporting or run-off and extended reporting
period of at least six years from and after the Effective Time with respect to any claim related to any period of time at or prior to the Effective Time from an insurance carrier with the same or better credit rating as Vitran’s current
insurance carriers with respect to directors’, officers’ and employees’ liability insurance, and with terms, conditions, retentions and limits of liability that are no less favourable to the indemnified persons than the coverage
provided under existing policies of Vitran and the Vitran Subsidiaries in effect on the Effective Date hereof, with respect to protection in respect of claims arising from facts or events which occurred on or prior to the Effective Date (including
in connection with the approval or completion of the Arrangement and the other Transactions contemplated by this Agreement or arising out of or related to this Agreement and the Transactions contemplated hereby); provided that Purchaser will not be
required to pay any amounts in respect of coverage prior to the Effective Time and provided further that the cost of such “runoff” policies shall not exceed 150% of Vitran’s current annual aggregate premium for policies currently
maintained by Vitran and the Vitran Subsidiaries. If Vitran for any reason fails to obtain such “runoff” insurance policies as of the Effective Time, Purchaser will, or will cause Vitran and the Vitran Subsidiaries to, maintain in effect
without any reduction in scope or coverage for six years from the Effective Time customary policies of directors’ and officers’ liability insurance providing protection no less favourable to the indemnified persons than the protection
provided by the policies maintained by Vitran and the Vitran Subsidiaries which are in effect on the Effective Date and providing protection in respect of claims arising from facts or events which

  
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occurred on or prior to the Effective Date; provided that Purchaser will not be required to pay any amounts in respect of such coverage prior to the Effective Time and provided further that the
cost of such policies shall not exceed 150% per year of Vitran’s current annual aggregate premium for policies currently maintained by Vitran (including in connection with the approval or completion of the Arrangement and the other
Transactions contemplated by this Agreement or arising out of or related to this Agreement and the Transactions contemplated hereby); provided that if the cost in any year does exceed 150% of Vitran’s current annual aggregate premium for
policies currently maintained by Vitran, Purchaser will or will cause Vitran and the Vitran Subsidiaries to maintain as much coverage is available for the cost equal to 150% of Vitran’s current annual aggregate premium for policies currently
maintained by Vitran. Purchaser shall cause Vitran to ensure that the articles and/or by-laws of Vitran and the Vitran Subsidiaries (or their respective successors) shall contain the provisions with respect to indemnification set forth in
Vitran’s or the applicable Subsidiary’s articles and/or by-laws, which provisions shall not, except to the extent required by applicable Laws, be amended, repealed or otherwise modified for a period of six years from the Effective Date in
any manner that would adversely affect the rights thereunder of individuals who, immediately prior to the Effective Date, were directors or officers of Vitran or any of the Vitran Subsidiaries. The provisions of this Section 9(j) are intended
for the benefit of, and shall be enforceable by, each insured or indemnified Person, his or her heirs and his or her legal representatives and, for such purpose, Vitran hereby confirms that it is acting as agent and trustee on their behalf.
Furthermore, this Section 9(j) shall survive the termination of this Agreement as a result of the occurrence of the Effective Date and continue in full force and effect in accordance with the terms hereof. 

 

	 	(k)	Payment of Consideration. Purchaser will, following receipt of the Final Order and prior to the Effective Time, deposit or cause to be deposited with the depository under the Arrangement sufficient funds in
escrow to pay the aggregate Consideration to be paid pursuant to the Arrangement to Vitran Shareholders, Vitran Optionholders and holders of Vitran DSUs. 

  

	10.	Competition Act Approval, Transportation Act Approval, HSR Approval and Key Third Party Consents 

  

	 	(a)	As soon as reasonably practicable after the date hereof, each Party, or where appropriate, both Parties jointly, shall make all notifications, filings, applications and submissions with Governmental Entities required or
advisable, and shall use commercially reasonable efforts to obtain Competition Act Approval, Transportation Act Approval the Key Third Party Consents and approval under the HSR, as applicable. Purchaser and Vitran shall equally share the filing fees
for the request for Competition Act Approval, Transportation Act Approval and approval under the HSR, as applicable. 

  
 - 29 - 

	 	(b)	Subject to applicable Law, the Parties shall cooperate with one another in connection with obtaining Competition Act Approval, Transportation Act Approval, the Key Third Party Consents, approvals under the HSR, as
applicable, including providing or submitting on a timely basis, and as promptly as practicable, all documentation and information that is required, or reasonably advisable, in connection with obtaining Competition Act Approval, Transportation Act
Approval, the Key Third Party Consents and any approval under the HSR, as applicable, and use their reasonable commercial efforts to ensure that such information does not contain a misrepresentation. 

 

	 	(c)	The Parties shall (i) cooperate with and keep one another fully informed as to the status of and the processes and proceedings relating to obtaining Competition Act Approval, Transportation Act Approval, the Key
Third Party Consents and any approvals under the HSR, as applicable, and (ii) shall not make any submissions or filings, participate in any substantive meetings or any material conversations with any Governmental Entity in respect of any
filings, investigations or other inquiries related to the Arrangement or this Agreement unless it consults with the other Party in advance and, to the extent not precluded by such Governmental Entity, gives the other Party the opportunity to review
drafts of any submissions or filings, or attend and participate in any substantive meetings or material communications. Despite the foregoing, submissions, filings or other written communications with any Governmental Entity may be redacted as
necessary before sharing with the other Party to address reasonable attorney-client or other privilege or confidentiality concerns, provided that a Party must provide external legal counsel to the other Party non-redacted versions of drafts or final
submissions, filings or other written communications with any Governmental Entity on the basis that the redacted information will not be shared with its clients. 

 

	11.	Mutual Conditions of Arrangement: 

 The obligations of Purchaser and Vitran to complete the
Arrangement and the other Transactions contemplated by this Agreement shall be subject to the following conditions: 
  

	 	(a)	the Vitran Required Vote shall have been obtained at the Vitran Meeting; 

  

	 	(b)	the Effective Time shall be on or before the Completion Deadline; 

  

	 	(c)	there shall not be in force any Laws, ruling, order or decree, and there shall not have been any action taken by any Governmental Entity or other regulatory authority, that makes it illegal or otherwise directly or
indirectly restrains, enjoins or prohibits the consummation of the Arrangement or other Transactions contemplated herein in accordance with the terms hereof or results or could reasonably be expected to result in a judgment, order, decree or
assessment of damages, directly or indirectly, relating to the Arrangement and the other Transactions contemplated herein which has a Material Adverse Effect or a material adverse effect on Purchaser; 

  
 - 30 - 

	 	(d)	Competition Act Approval, Transportation Act Approval and all approvals and waiting periods under the HSR, as applicable, shall have been obtained on terms satisfactory to the Parties, acting reasonably;

  

	 	(e)	the Interim Order and the Final Order shall each have been obtained in form and substance satisfactory to the Parties, acting reasonably, and shall not have been set aside or modified in a manner unacceptable to the
Parties, acting reasonably, on appeal or otherwise; and 

  

	 	(f)	this Agreement shall not have been terminated pursuant to the terms hereof. 

 The foregoing conditions are for
the mutual benefit of the Parties hereto and may be waived in respect of a Party hereto, in whole or in part, by such Party hereto in writing at any time. If any such conditions shall not be complied with or waived as aforesaid on or before the
Completion Deadline or, if earlier, the date required for the performance thereof, or become incapable of being satisfied prior to then, then any Party hereto may terminate this Agreement by written notice to the other Party in circumstances where
the failure to satisfy any such condition is not the result, directly or indirectly, of a breach of this Agreement by such rescinding Party hereto. 
  

	12.	Conditions Precedent to the Obligations of Purchaser: 

 The obligation of Purchaser to complete
the Arrangement and the other Transactions contemplated herein shall be subject to the satisfaction of the following conditions: 
  

	 	(a)	the representations and warranties made by Vitran in this Agreement that are qualified by the expression “Material Adverse Change” or “Material Adverse Effect” or materiality shall be true and
correct as of the Effective Date, in all respects, as if made on and as of such date (except for representations and warranties made as of a specified date, the accuracy of which shall be determined as of that specified date), and all other
representations and warranties made by Vitran in this Agreement that are not so qualified shall be true and correct in all material respects as of the Effective Date as if made on and as of such date (except for representations and warranties made
as of a specified date, the accuracy of which shall be determined as of that specified date), and Vitran shall have provided to Purchaser a certificate of an officer thereof certifying such accuracy or lack of “Material Adverse Change” or
“Material Adverse Effect” on the Effective Date; 

  

	 	(b)	there shall not have occurred a Material Adverse Effect; 

  

	 	(c)	holders of not more than 10% of the Common Shares shall have exercised Dissent Rights; 

  

	 	(d)	the Effective Time shall occur no later than the Completion Deadline; 

  

	 	(e)	the Key Third Party Consents shall have been obtained; and 

  

	 	(f)	Vitran shall have complied in all material respects with its covenants in this Agreement and Vitran shall have provided to Purchaser a certificate of an officer thereof certifying that, as of the Effective Date, Vitran
has so complied with its covenants in this Agreement. 

  
 - 31 - 

 The foregoing conditions are for the benefit of Purchaser and may be waived, in whole or in part, by Purchaser in
writing at any time. If any of such conditions shall not be complied with or waived by Purchaser on or before the Completion Deadline or, if earlier, the date required for the performance thereof, or become incapable of being satisfied prior to
then, then Purchaser may terminate this Agreement by written notice to Vitran in circumstances where the failure to satisfy any such condition is not the result of a breach of this Agreement by Purchaser. 

 

	13.	Conditions Precedent to the Obligations of Vitran: 

 The obligations of Vitran to complete the
Arrangement and the other Transactions contemplated herein shall be subject to the satisfaction of the following conditions: 
  

	 	(a)	the representations and warranties made by Purchaser in this Agreement that are qualified by materiality shall be true and correct as of the Effective Date, in all respects, as if made on and as of such date and all
other representations and warranties made by Purchaser in this Agreement shall be true and correct in all material respects as of the Effective Date as if made on and as of such date, and Purchaser shall have provided to Vitran a certificate of an
officer thereof certifying such accuracy on the Effective Date; 

  

	 	(b)	Purchaser shall have complied in all material respects with its covenants in this Agreement and Purchaser shall have provided to Vitran a certificate of an officer thereof, certifying that, as of the Effective Date,
Purchaser has so complied with its covenants in this Agreement; and 

  

	 	(c)	Purchaser shall have deposited or caused to be deposited with the depository in escrow the funds provided for in Section 9(k), and the depository shall have confirmed to Vitran receipt of such funds.

 The foregoing conditions are for the benefit of Vitran and may be waived, in whole or in part, by Vitran in writing at any time. If any of
such conditions shall not be complied with or waived by Vitran on or before the Completion Deadline or, if earlier, the date required for the performance thereof, or become incapable of being satisfied prior to then, then Vitran may terminate this
Agreement by written notice to Purchaser in circumstances where the failure to satisfy any such condition is not the result of a breach of this Agreement by Vitran. 
  

	14.	Completion Deadline: 

 Purchaser and Vitran shall use their reasonable commercial efforts to
complete the Arrangement and the other Transactions contemplated herein by the Completion Deadline. 

  
 - 32 - 

	15.	Notice and Cure Provisions:  

 Each Party hereto shall give notice as promptly as reasonably
practical to the other Party of the occurrence, or failure to occur, at any time from the date hereof until the Effective Date, of any event or state of facts which occurrence or failure, would be likely to or could: 

 

	 	(a)	cause any of the representations or warranties of such Party hereto contained herein to be untrue or inaccurate in any respect on the date hereof or on the Effective Date; 

 

	 	(b)	result in the failure to comply with or satisfy any covenant or agreement to be complied with or satisfied by such Party hereto prior to the Effective Date; or 

 

	 	(c)	result in the failure to satisfy any of the conditions precedent in favour of the other Party hereto contained in Sections 11, 12, or 13 hereof, as the case may be. 

Subject as herein provided, a Party hereto may elect not to complete the Arrangement and the other Transactions contemplated hereby pursuant to the conditions
contained in Sections 11, 12 and 13 hereof or exercise any termination right arising therefrom; provided, however, that (i) as promptly as reasonably practical and in any event prior to the Effective Date, the Party hereto intending to rely
thereon has delivered a written notice to the other Party hereto specifying in reasonable detail the breaches of covenants or untruthfulness or inaccuracy of representations and warranties or other matters which the Party hereto delivering such
notice is asserting as the basis for the exercise of the termination right, as the case may be, and (ii) if any such notice is delivered, and a Party hereto is proceeding diligently, at its own expense, to cure such matter, if such matter is
susceptible to being cured, the Party hereto which has delivered such notice may not terminate this Agreement until the earlier of the Completion Deadline and the expiration of a period of 10 days from date of delivery of such notice. 

 

	16.	No Solicitation: 

  

	 	(a)	Except as expressly provided in Sections 16, 17 or 18, Vitran shall not, directly or indirectly, through any officer, director, Employee, representative (including any financial or other adviser) or agent of Vitran or
any of the Vitran Subsidiaries (collectively “Representatives”), or otherwise, and shall not permit any such Person to: 

  

	 	(i)	solicit, assist, initiate, encourage or otherwise facilitate (including by way of furnishing or providing copies of, access to, or disclosure of, any non-public information, properties, facilities, books or records of
Vitran or any Vitran Subsidiary or entering into any form of agreement, arrangement or understanding) any inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead to, an Acquisition Proposal; 

 

	 	(ii)	enter into or otherwise engage or participate in any discussions or negotiations with any Person (other than Purchaser and its Affiliates) regarding any inquiry, proposal or offer that constitutes or may reasonably be
expected to constitute or lead to, an Acquisition Proposal; 

  
 - 33 - 

	 	(iii)	effect a Change in Recommendation; or 

  

	 	(iv)	accept or enter into (other than a confidentiality agreement permitted by and in accordance with Section 17(a)) or publicly propose to accept or enter into any agreement, understanding or arrangement in respect of
an Acquisition Proposal. 

  

	 	(b)	Except as otherwise provided in this Section 16, Vitran shall, and shall cause the Vitran Subsidiaries and its Representatives to, immediately cease and terminate, and cause to be terminated, any solicitation,
encouragement, discussion, negotiation, or other activities commenced prior to the date of this Agreement with any Person (other than Purchaser and its Affiliates) with respect to any inquiry, proposal or offer that constitutes, or may reasonably be
expected to constitute or lead to, an Acquisition Proposal, and in connection therewith, Vitran will: 

  

	 	(i)	immediately discontinue access to any data room to any such Person; and 

  

	 	(ii)	within two Business Days, request, and exercise all rights it has to require (i) the return or destruction of all copies of any confidential information regarding Vitran or any Vitran Subsidiary provided to any
Person, and (ii) the destruction of all material including or incorporating or otherwise reflecting such confidential information regarding Vitran or any Subsidiary, in each case provided to such Person in connection with a potential
Acquisition Proposal and using its commercially reasonable efforts to ensure that such requests are fully complied with in accordance with the terms of such rights or entitlements. 

 

	 	(c)	Vitran represents and warrants that Vitran has not waived any confidentiality, standstill or similar agreement or restriction to which Vitran or any Vitran Subsidiary is a Party and entered into in connection with any
inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead to, an Acquisition Proposal, and further covenants and agrees (i) that Vitran shall take all necessary action to enforce each confidentiality,
standstill, or similar agreement to which Vitran or any Vitran Subsidiary is a party in connection with any inquiry, proposal or offer that constitutes or may reasonably be expected to constitute or lead to, an Acquisition Proposal, and
(ii) that neither Vitran, nor any Vitran Subsidiary or any of their respective Representatives have or will, without the prior written consent of Purchaser, release any Person from, or waive, amend, suspend or otherwise modify such
Person’s obligations respecting Vitran, or any of the Vitran Subsidiaries, under any confidentiality, standstill or similar agreement, to which Vitran or any Vitran Subsidiary is a party and entered into in connection with any inquiry, proposal
or offer that constitutes or may reasonably be expected to constitute or lead to, an Acquisition Proposal. 

  
 - 34 - 

	17.	Responding to an Acquisition Proposal: 

  

	 	(a)	Notwithstanding Section 16 and any other provision of this Agreement, if at any time following the date of this Agreement and prior to obtaining the Vitran Required Vote, Vitran receives an unsolicited written
Acquisition Proposal that is not in breach of any confidentiality or standstill agreement between Vitran or any of the Vitran Subsidiaries and the Person making such Acquisition Proposal, Vitran may contact the Person making such Acquisition
Proposal and its representatives to clarify the terms and conditions of such Acquisition Proposal and the likelihood of consummation so as to determine whether such proposal is, or could reasonably be expected to lead to, a Superior Proposal. If the
directors of Vitran thereafter determine in good faith, after consultation with Vitran’s financial advisors and outside legal counsel, (disregarding, for the purposes of any such determination, any term of such Acquisition Proposal that
provides for a due diligence investigation and/or a financing condition) constitutes or could reasonably be expected to constitute a Superior Proposal, then, following compliance with Section 17(b), Vitran may: 

 

	 	(i)	furnish information with respect to Vitran and the Vitran Subsidiaries to the Person making such Acquisition Proposal; and 

  

	 	(ii)	enter into, participate, facilitate and maintain discussions or negotiations with, and otherwise cooperate with or assist, the Person making such Acquisition Proposal, provided that, (i) Vitran has been, and
continues to be, in compliance with its obligations under Sections 17 and 18 and (ii) Vitran will not, and will not allow its Representatives to, disclose any non-public information to such Person without first entering into a confidentiality
and standstill agreement with such Person on terms and conditions no less onerous or more beneficial to such Person than those in the Confidentiality Agreement and otherwise containing terms and conditions that are customary for such agreements,
Vitran promptly provides Purchaser with a copy of such confidentiality and standstill agreement and Vitran promptly provides to Purchaser any material non-public information concerning Vitran or the Vitran Subsidiaries provided to such other Person
which was not previously provided to Purchaser. Any such confidentiality and standstill agreement may not include a provision calling for an exclusive right to negotiate with Vitran and may not restrict Vitran from complying with Sections 17 and 18.

  

	 	(b)	Vitran will, as soon as practicable and in any event within 24 hours of receipt by Vitran, notify Purchaser, first orally and then in writing, of any Acquisition Proposal which any director, senior officer or agent
thereof is or becomes aware of, after the date hereof, any amendment to any such proposal or any request for non-public information relating to Vitran or the Vitran Subsidiaries (such notice to include a copy of any written Acquisition Proposal and
the name of the Person submitting such Acquisition Proposal or making such inquiry, request or contact) and will keep Purchaser reasonably informed as to the status, including any changes to the material terms and conditions of such Acquisition
Proposal and the negotiations relating thereto. 

  
 - 35 - 

	 	(c)	Nothing in this Agreement shall prevent the directors of Vitran from responding in a manner that is consistent with and in accordance with the provisions of Section 16, or from making such disclosure as is
necessary for the directors of Vitran to act in a manner consistent with their fiduciary duties (including through a directors’ circular or otherwise as required by applicable Laws to an Acquisition Proposal that they determine is not a
Superior Proposal). In addition, nothing in this Agreement shall be deemed to prohibit Vitran or the directors of Vitran from (i) taking and disclosing to the Vitran Shareholders a position contemplated by Rule 14d-9 or Rule 14e-2
under the U.S. Exchange Act or (ii) making any “stop-look-and-listen” communication to the Vitran Shareholders pursuant to Rule 14d-9(f) under the U.S. Exchange Act; provided that, in the case of a disclosure pursuant to clause
(i) that is not a “stop-look-and-listen” or other similar communication contemplated by Rule 14d-9(f) under the U.S. Exchange Act, the directors of Vitran shall expressly reaffirm its recommendation of the Arrangement in such
disclosure unless its approval or recommendation has been withdrawn, modified or qualified in accordance with Section 20. 

  

	18.	Right to Match: 

  

	 	(a)	Vitran may take any action that is prohibited by Sections 16(a)(iii) or (iv) in respect of any Acquisition Proposal if and only if: 

 

	 	(i)	such Acquisition Proposal constitutes a Superior Proposal; 

  

	 	(ii)	Vitran has been, and continues to be, in compliance with its obligations under Sections 16, 17 and 18; 

  

	 	(iii)	such Acquisition Proposal is in writing and Purchaser has been provided with a copy of the letter of intent or agreement relating to such Superior Proposal; 

 

	 	(iv)	Vitran has delivered to the Purchaser a written notice of the determination of the directors of Vitran that such Acquisition Proposal constitutes a Superior Proposal and of the intention of the directors of Vitran to
make a Change in Recommendation and to accept, approve, endorse, recommend or enter into a definitive agreement with respect to such Superior Proposal, which notice will include the director’s determination regarding the value or range of value
in financial terms that the directors of Vitran have, in consultation with Vitran’s financial advisors, determined should be ascribed to any non-cash consideration, if any, offered under the Superior Proposal (the “Superior Proposal
Notice”); 

  

	 	(v)	at least five Business Days (the “Matching Period”) have elapsed from the date that is the later of the date on which Purchaser received the Superior Proposal Notice and the date on which Purchaser
received a copy of the letter of intent or agreement relating to such Superior Proposal; 

  
 - 36 - 

	 	(vi)	if Purchaser has offered to amend this Agreement and the Arrangement pursuant to Section 18(b), the directors of Vitran (i) have determined in good faith, after consultation with Vitran’s outside legal
counsel and financial advisors, that such Acquisition Proposal continues to constitute a Superior Proposal (compared to the terms of the Arrangement as proposed to be amended by Purchaser under Section 18(b)); and 

 

	 	(vii)	Vitran has terminated this Agreement pursuant to Section 20(a)(iii)2) and paid any applicable Termination Fee pursuant to Section 19(b). 

 

	 	(b)	During the Matching Period: (i) Purchaser will have the opportunity (but not the obligation) to offer to amend the Arrangement and this Agreement in order for such Acquisition Proposal to cease to be a Superior
Proposal, (ii) the directors of Vitran shall review any offer made by Purchaser to amend the terms of this Agreement and the Arrangement in good faith after consultation with Vitran’s outside legal and financial advisors, in order to
determine whether such offer would, upon acceptance, result in the Acquisition Proposal previously constituting a Superior Proposal ceasing to be a Superior Proposal; and (iii) Vitran shall negotiate in good faith with Purchaser to make such
amendments to the terms of this Agreement and the Arrangement as would enable Purchaser to proceed with the Transactions contemplated by this Agreement on such amended terms. If the directors of Vitran determine that such Acquisition Proposal would
cease to be a Superior Proposal, Vitran shall promptly so advise Purchaser and the Parties shall amend this Agreement to reflect such offer made by Purchaser, and shall take and cause to be taken all such actions as are necessary to give effect to
the foregoing. 

  

	 	(c)	The right of Purchaser under this Section 18 to amend the Arrangement shall apply to a maximum of two amendments or modifications to any Acquisition Proposal that results in an increase in, or modification of, the
consideration (or value of such consideration) to be received by the Vitran Shareholders or other material terms or conditions thereof and Purchaser shall not have the right to further amend the Arrangement in respect of a third such amendment or
modification to any Acquisition Proposal. 

  

	 	(d)	If Vitran provides a Superior Proposal Notice to Purchaser after a date that is less than seven Business Days before the Vitran Meeting, Vitran shall either proceed with or shall postpone the Vitran Meeting to a date
that is not more than seven Business Days after the scheduled date of the Vitran Meeting, as directed by Purchaser. 

  

	 	(e)	Vitran shall advise the Vitran Subsidiaries and their respective Representatives of the prohibitions set out in Sections 16, 17 and 18 and any violation of the restrictions set forth in these sections by Vitran, the
Vitran Subsidiaries or the respective Representatives is deemed to be a breach of these sections by Vitran. 

  
 - 37 - 

	19.	Termination Fee: 

  

	 	(a)	Despite any other provision in this Agreement relating to the payment of fees and expenses, if a Termination Fee Event occurs, Vitran shall pay Purchaser the Termination Fee in accordance with Section 19(c).

  

	 	(b)	For the purposes of this Agreement, “Termination Fee” means an amount equal to USD$4,000,000 and “Termination Fee Event” means the termination of this Agreement: 

 

	 	(i)	by Purchaser, pursuant to Sections 20(a)(iv)2)(A) or 20(a)(iv)2)(B) (Change in Recommendation); 

  

	 	(ii)	by Vitran pursuant to Section 20(a)(iii)2) (Superior Proposal); or 

  

	 	(iii)	by Vitran or Purchaser pursuant to Section 20(a)(ii)1) (Shareholders Vote Against) or Section 20(a)(ii)2) (Lapse of the Completion Deadline), if: 

 

	 	1)	prior to such termination, an Acquisition Proposal is made or publicly announced or otherwise publicly disclosed by any Person (other than Purchaser or any of its Affiliates) or any Person (other than Purchaser or any
of its Affiliates) shall have publicly announced an intention to do so and such Acquisition Proposal has not been withdrawn; and 

  

	 	2)	within twelve months following the date of such termination (A) an Acquisition Proposal (that is the same Acquisition Proposal referred to in Section 19(b)(iii)1)) above) is consummated or effected, or
(B) Vitran or one or more of the Vitran Subsidiaries, directly or indirectly, in one or more transactions, enters into a contract in respect of the same Acquisition Proposal referred to in Section 19(b)(iii)1) above and such Acquisition
Proposal is later consummated or effected, 

 provided however that for the purposes of this Section 19 all references to
20% in the definition of Acquisition Proposal shall be deemed to be references to 50%. 
  

	 	(c)	If a Termination Fee Event occurs in the circumstances set out in Section 19(b)(i), the Termination Fee shall be paid within five Business Days following such Termination Fee Event. If a Termination Fee Event
occurs in the circumstances set out in Section 19(b)(ii), the Termination Fee shall be paid concurrently with such termination (and shall be a condition to the effectiveness of such termination by Vitran). If a Termination Fee Event occurs in
the circumstances set out in Section 19(b)(iii), the Termination Fee shall be paid on the consummation/closing of the Acquisition Proposal. Any Termination Fee shall be paid by Vitran to Purchaser (or as Purchaser may direct by notice in
writing), by wire transfer in immediately available funds to an account designated by Purchaser. 

  
 - 38 - 

	 	(d)	The obligation to make any payment required by this Section 19 shall survive any termination of this Agreement. Vitran acknowledges that the agreements contained in this Section 19 are an integral part of the
Transactions contemplated by this Agreement, and that without these agreements Purchaser would not enter into this Agreement, and that the amounts set out in this Section 19 represent liquidated damages which are a genuine pre-estimate of the
damages, including opportunity costs, which Purchaser will suffer or incur as a result of the event giving rise to such damages and resultant termination of this Agreement, and are not penalties. Vitran irrevocably waives any right it may have to
raise as a defence that any such liquidated damages are excessive or punitive. Purchaser agrees that the payment of the Termination Fee in the manner provided in this Section 19 is the sole remedy of Purchaser as against Vitran and the Vitran
Subsidiaries, shareholders, advisors, directors and officers in respect of the event giving rise to such payment. Nothing herein will affect the right to seek injunctive and other equitable relief in accordance with Section 21(e) to prevent
breaches or threatened breaches of this Agreement and to enforce compliance with the terms of this Agreement. 

  

	 	(e)	Any Termination Fee payable by Vitran hereunder will be reduced by and without duplication of any the amount costs to be reimbursed to Purchaser by Vitran pursuant to Section 21(b). 

 

	20.	Termination: 

  

	 	(a)	This Agreement may be terminated by: 

  

	 	(i)	the mutual written agreement of the Parties; or 

  

	 	(ii)	either Vitran or Purchaser if: 

  

	 	1)	the Vitran Required Vote is not obtained at the Vitran Meeting in accordance with the Interim Order provided that neither Party may terminate this Agreement pursuant to this Section 20(a)(ii)1) if the failure to
obtain the Vitran Required Vote has been caused by, or is a result of, a breach by such Party of any of its representations or warranties or the failure of such Party to perform any of its covenants or agreements under this Agreement; or

  

	 	2)	the Effective Time does not occur on or prior to the Completion Deadline except that the right to terminate this Agreement pursuant to this Section 20(a)(ii)2) will not be available to a Party whose failure to
fulfill any of its obligations or breach of any of its representations and warranties under this Agreement has been the cause of, or resulted in, the failure of the Effective Time to occur by the Completion Deadline. 

  
 - 39 - 

	 	(iii)	Vitran if: 

  

	 	1)	subject to Section 15, a breach of any representation or warranty or failure to perform any covenant or agreement on the part of Purchaser set forth in this Agreement (including if Purchaser does not deposit or
cause to be deposited with the depositary sufficient funds to complete the Transactions contemplated by this Agreement as required pursuant to Section 9(k)) occurs that would cause the conditions set forth in Sections 11 or 13 not to be
satisfied, and such condition is incapable of being satisfied on or prior to the Completion Deadline; provided that any intentional breach shall be deemed to be incurable and provided further that Vitran is not then in breach of this Agreement so as
to cause the conditions set forth in Sections 11 or 12 not to be satisfied; or 

  

	 	2)	prior to obtaining the Vitran Required Vote, the directors of Vitran approve and authorize Vitran to enter into a written definitive agreement providing for the implementation of a Superior Proposal in compliance with
this Agreement. 

  

	 	(iv)	Purchaser if: 

  

	 	1)	subject to Section 15, a breach of any representation or warranty or failure to perform any covenant or agreement on the part of Vitran set forth in this Agreement occurs that would cause the conditions set forth
in Sections 11 or 12 not to be satisfied, and such condition is incapable of being satisfied on or prior to the Completion Deadline; provided that any intentional breach shall be deemed to be incurable and provided further that Purchaser is not then
in breach of this Agreement so as to cause the conditions set forth in Section 11 or 13 not to be satisfied; 

  

	 	2)	(A) the directors of Vitran shall have made a Change in Recommendation, (B) the directors of Vitran fail to publicly recommend or reaffirm the Board Recommendation within five Business Days after having been
requested in writing by Purchaser to do so (or in the event that the Vitran Meeting is scheduled to occur within such five Business Day period, prior to the Business Day immediately prior to the date of the Vitran Meeting), or (C) Vitran
breaches Sections 17, 18 or 19 in any material respect; or 

  

	 	3)	there has occurred a Material Adverse Change. 

  

	 	(b)	The Party desiring to terminate this Agreement pursuant to this Section 20 (other than pursuant to Section 20(a)(i)) shall give notice of such termination to the other Party, specifying in reasonable detail
the basis for such Party’s exercise of its termination right and if applicable shall comply with Section 15. 

  
 - 40 - 

	21.	Miscellaneous: 

  

	 	(a)	Notices. Any notice, consent, waiver, direction or other communication required or permitted to be given under this Agreement by a Party hereto shall be in writing and shall be delivered by hand to the Party
hereto to which the notice is to be given at the following address or sent by facsimile to the following numbers or to such other address or facsimile number as shall be specified by a Party hereto by like notice. Any notice, consent, waiver,
direction or other communication aforesaid shall, if delivered, be deemed to have been given and received on the date on which it was delivered to the address provided herein (if a Business Day or, if not, then the next succeeding Business Day) and
if sent by facsimile be deemed to have been given and received at the time of receipt (if a Business Day or, if not, then the next succeeding Business Day) unless actually received after 5:00 p.m. (Toronto time) at the point of delivery in which
case it shall be deemed to have been given and received on the next Business Day. 

 The address for service of each of the
Parties hereto shall be as follows: 
  

	 	(i)	if to Vitran: 

 Vitran Corporation Inc. 

185 The West Mall, Suite 701 

Toronto ON M9C 5L5 
 Attention:
Chief Executive Officer 
 Facsimile: (416) 596-8039 

with a copy (which shall not constitute notice) to: 

McMillan LLP 
 181 Bay Street,
Suite 4400 
 Toronto ON M5J 2T3 

Attention: Carl De Vuono 

Facsimile: (416) 865-7048 
  

	 	(ii)	if to Purchaser and Parent: 

 North Channel of Georgian Bay Holdings Ltd. 

154 Highway 540B 
 Gore Bay, ON
P0P 1H0 
 Attention: Gord Smith 

Facsimile: (705) 282-2322 

  
 - 41 - 

 with a copy (which shall not constitute notice) to: 

Wildeboer Dellelce LLP 
 365 Bay
Street, Suite 800 
 Toronto, ON M5H 2V1 

Attention: Rob Wortzman 

Facsimile: (416) 361-1790 
  

	 	(b)	Costs. Except as otherwise provided herein, each of Purchaser and Vitran shall pay its own costs and expenses (including all legal, accounting and financial advisory fees and expenses) in connection with the
Arrangement and the other Transactions contemplated herein including expenses related to the preparation, execution and delivery of this Agreement and the other documents required to be prepared and/or entered into hereunder or thereunder. In the
event that this Agreement is terminated pursuant to Section 20(a)(ii)1), then Vitran shall pay to Purchaser its actual documented third party expenses incurred by Purchaser in connection with this Agreement and the Arrangement up to a maximum
amount of CDN$1,500,000, such payment to be made to Purchaser, by wire transfer of immediately available funds within two Business Days following the later of: (i) receipt by Vitran of receipts or invoices documenting such actual third party
expenses; and (ii) such termination. 

  

	 	(c)	Public Announcements. Purchaser and Vitran agree to make a press release with respect to the Arrangement and the other Transactions contemplated herein as soon as practicable after the execution by them of this
Agreement and to otherwise coordinate the public disclosure and presentations made by them with respect to the Arrangement and the other Transactions contemplated herein. Purchaser and Vitran further agree that there will be no public announcement
or other disclosure of the Arrangement and the other Transactions contemplated herein unless they have mutually agreed thereto or unless otherwise required by applicable Laws or by regulatory instrument, rule or policy based on the advice of
counsel, which shall include the filing of the press release and a copy of the Arrangement Agreement with the SEC on Form 8-K in a timely manner in accordance with Vitran’s SEC reporting obligations. If either Purchaser or Vitran is required by
applicable Laws or regulatory instrument, rule or policy to make a public announcement with respect to the Arrangement and the other Transactions contemplated herein, such Party hereto will provide as much notice to the other of them as reasonably
possible, including the proposed text of the announcement. 

  

	 	(d)	Law. This Agreement shall be governed by and be construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein. Each of the Parties hereby irrevocably attorns
to the exclusive jurisdiction of the courts of the Province of Ontario in respect of all matters arising under and in relation to this Agreement and waives any defences to the maintenance of an action in the courts of the Province of Ontario.

  
 - 42 - 

	 	(e)	Remedies. The Parties hereto acknowledge and agree that an award of money damages may be inadequate for any breach of this Agreement by any Party hereto or its representatives and advisors and that such breach
may cause the non-breaching Party hereto irreparable harm. Accordingly, the Parties hereto agree that, in the event of any such breach or threatened breach of this Agreement by one of the Parties hereto, Vitran (if Purchaser is the breaching Party)
or Purchaser (if Vitran is the breaching Party) will be entitled, without the requirement of posting a bond or other security, to seek equitable relief, including injunctive relief and specific performance. Subject to any other provision hereof
including, without limitation, Section 19 hereof, such remedies will not be the exclusive remedies for any breach of this Agreement but will be in addition to all other remedies available hereunder or at law or in equity to each of the Parties
hereto. 

  

	 	(f)	Amendment. This Agreement and the Plan of Arrangement may, at any time and from time to time before or after the holding of the Vitran Meeting but not later than the Effective Time, be amended by mutual written
agreement of the Parties, without further notice to or authorization on the part of the Vitran Shareholders, and any such amendment may, subject to the Interim Order and Final Order and Laws, without limitation: (i) change the time for
performance of any of the obligations or acts of the Parties; (ii) modify any representation or warranty contained in this Agreement or in any document delivered pursuant to this Agreement; (iii) modify any of the covenants contained in
this Agreement and waive or modify performance of any of the obligations of the Parties; and/or (iv) waive or modify compliance with any conditions contained in this Agreement. 

 

	 	(g)	Assignment. Neither Party hereto may assign its rights or obligations under this Agreement without the prior written consent of the other Party hereto; provided that Purchaser may, without the consent of Vitran,
assign all or any part of its rights and/or obligations under this Agreement to an Affiliate, but, if such assignment takes place, Purchaser shall continue to be bound by this Agreement notwithstanding such assignment. 

 

	 	(h)	Time of the Essence. Time shall be of the essence in this Agreement. 

  

	 	(i)	Binding Effect. This Agreement shall be binding upon and shall enure to the benefit of the Parties hereto and their respective successors and permitted assigns. 

 

	 	(j)	Waiver. Any waiver or release of any of the provisions of this Agreement, to be effective, must be in writing and executed by the Party hereto granting such waiver or right. 

 

	 	(k)	Currency. Except as expressly indicated otherwise, all sums of money referred to in this Agreement are expressed and shall be payable in United States dollars funds. 

 

	 	(l)	Severability. If any provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of this Agreement shall remain in full force and effect and shall
in no way be affected, impaired or invalidated. 

  
 - 43 - 

	 	(m)	Confidentiality Agreement. The Parties acknowledge that the Arrangement and the other Transactions contemplated by this Agreement are subject to the Confidentiality Agreement, which agreement shall continue in
full force and effect. For greater certainty, any discussions in connection with this Agreement shall be treated by the Parties hereto as strictly confidential and shall not (without the prior consent of the other Party hereto or as contemplated or
provided herein) be disclosed by either Party hereto to any Person other than a director, officer, employee, agent, shareholder or professional advisor of or to that Party hereto with a need to know for purposes connected with the Transactions
contemplated by this Agreement and then only on a confidential basis and also on the basis that the Party concerned will be liable for any breach of confidentiality by a Person to whom it makes disclosure. In the event of a conflict between the
provisions hereof and any provision of the Confidentiality Agreement, the provisions hereof shall prevail. 

  

	 	(n)	Entire Agreement. This Agreement, together with the Confidentiality Agreement, contains the entire agreement between the Parties hereto with respect to the subject matter hereof and thereof and supersedes all
prior agreements and understandings with respect thereto. 

  

	 	(o)	Date for Any Action. If the date on or by which any action is required or permitted to be taken hereunder by a Party is not a Business Day, such action shall be required or permitted to be taken on the next
succeeding day which is a Business Day. 

  

	 	(p)	Execution in Counterparts. This Agreement may be executed in one or more counterparts, each of which shall conclusively be deemed to be an original and all such counterparts collectively shall be conclusively
deemed to be one and the same document. 

 [Signatures on Next Page] 

  
 - 44 - 

					
	2398946 ONTARIO INC.
		
	By:	 	 “Myles MacLeod”

		 	Name:	 	Myles MacLeod
		 	Title:	 	Director

  

					
	NORTH CHANNEL OF GEORGIAN BAY HOLDINGS LTD.
		
	By:	 	 “Myles MacLeod”

		 	Name:	 	Myles MacLeod
		 	Title:	 	VP Finance / Director

  

					
	VITRAN CORPORATION INC.
		
	By:	 	 “William Deluce”

		 	Name:	 	William Deluce
		 	Title:	 	 Interim President and Chief
 Executive
Officer

  
 - 45 - 

 EXHIBIT I 

PLAN OF ARRANGEMENT 

PLAN OF ARRANGEMENT 

UNDER SECTION 182 
 OF THE
BUSINESS CORPORATIONS ACT (ONTARIO) 
 ARTICLE 1 

INTERPRETATION 
  

	 	Section 1.1	Definitions 

 In this Plan of Arrangement, unless there is something in the subject
matter or context inconsistent therewith, the following terms shall have the respective meanings set out below and grammatical variations of such terms shall have corresponding meanings. All other terms that are capitalized herein, and not otherwise
defined in this Plan of Arrangement, shall have the meaning attributed to them in the Arrangement Agreement. 
 “Amalco”
means the continuing corporation resulting from the amalgamation of Vitran and the Purchaser pursuant to subsection 2.2(i) of this Plan of Arrangement. 

“Arrangement” means the arrangement under the provisions of Section 182 of the OBCA on the terms set out in the Plan of
Arrangement, subject to any amendments or variations thereto made in accordance with this Agreement and the Plan of Arrangement or made at the direction of the Court in the Final Order (with the consent of Vitran and Purchaser, each acting
reasonably). 
 “Arrangement Agreement” means the arrangement agreement dated December 9, 2013, among Purchaser, Parent
and Vitran, as amended, supplemented and/or restated in accordance therewith prior to the Effective Date, providing for, among other things, the Arrangement. 

“Arrangement Resolution” means the resolution of the Vitran Shareholders to be considered at the Vitran Meeting, approving the
Arrangement. 
 “Articles of Arrangement” means the articles of arrangement of Vitran in respect of the Arrangement, to be
filed with the Director after the Final Order is made. 
 “Business Day” means any day, other than a Saturday, a Sunday or a
statutory holiday in Toronto, Ontario. 
 “Certificate” means the certificate of arrangement giving effect to the
Arrangement, issued pursuant to Section 183 of the OBCA after the Articles of Arrangement have been filed. 

 “Common Shares” means the issued and outstanding Common Shares in the capital of
Vitran. 
 “Consideration” has the meaning set out in Section 2.2(d). 

“Court” means the Superior Court of Justice (Ontario). 

“Depositary” means such trust company or other Person as may be appointed by Purchaser, from time to time, to act as
depositary for the purpose of the Arrangement. 
 “Director” means the Director appointed pursuant to Section 278 of
the OBCA. 
 “Dissent Rights” has the meaning ascribed thereto in Section 3.1. 

“Dissenting Shareholders” means a Vitran Shareholder who exercises Dissent Rights. 

“Effective Date” means the date shown on the Certificate. 

“Effective Time” means 12:01 a.m. (Toronto time) on the Effective Date. 

“Final Order” means the final order of the Court approving the Arrangement as such order may be amended by the Court at any
time prior to the Effective Date or, if appealed, then, unless such appeal is withdrawn or denied, as affirmed. 
 “Interim
Order” means the interim order of the Court, as the same may be amended, in respect of the Arrangement, as contemplated by Section 7 of the Arrangement Agreement. 

“Laws” means all laws, by-laws, rules, regulations, orders, ordinances, protocols, codes, guidelines, instruments, policies,
notices, directions and judgments or other requirements of any governmental authority. 
 “Letter of Transmittal” means the
letter(s) of transmittal for use by the Vitran Shareholders, in the form(s) accompanying the Vitran Proxy Circular. 

“Liens” means all mortgages, pledges, liens, security interests, conditional and installment sale agreements, encumbrances,
charges, claims or rights of third parties of any kind, including, without limitation, any option, agreement, right of first refusal or right of first offer or limitation on voting rights. 

“OBCA” means the Business Corporations Act (Ontario) and the regulations thereunder, as in effect as of the date hereof
and as may be amended from time to time prior to the Effective Time. 
 “Parent” means North Channel of Georgian Bay
Holdings Ltd., a corporation existing under the laws of the Province of Ontario. 

  
 - 2 - 

 “Person” shall be broadly interpreted and includes any natural person, legal
person, partnership, limited partnership, joint venture, unincorporated association or other organization, trust, trustee, executor, administrator or liquidator, regulatory body or agency, government or governmental agency, authority or entity,
however designated or constituted and whether or not a legal entity. 
 “Purchaser” means 2398946 Ontario Inc., a
corporation existing under the laws of the Province of Ontario. 
 “Vitran DSU Plan” means collectively, the Vitran DSU Plan
for Directors and the Vitran DSU Plan for Senior Executives, adopted with effect from September 14, 2005 and January 1, 2006, respectively, each, as amended. 

“Vitran DSUs” means the outstanding Deferred Stock Units (DSUs) issued pursuant to the Vitran DSU Plan. 

“Vitran Incentive Plans” means collectively, the Vitran Stock Option Plan and the Vitran DSU Plan. 

“Vitran Meeting” means the special meeting, including any adjournments or postponements thereof, of the Vitran Shareholders to
be held, among other things, to consider and, if deemed advisable, to approve the Arrangement. 
 “Vitran Options” means the
outstanding options to purchase Common Shares issued pursuant to the Vitran Stock Option Plan. 
 “Vitran Optionholders”
means, at any time, the holders of Vitran Options, at such time. 
 “Vitran Proxy Circular” means the management information
circular to be prepared by Vitran in respect of the Vitran Meeting. 
 “Vitran Securities” means collectively, Common
Shares, Vitran Options, Vitran DSUs and any other shares or securities of any nature heretofore issued by Vitran from time to time. 

“Vitran Securityholders” means collectively, at any time, the Vitran Shareholders, the Vitran Optionholders and the holders of
Vitran DSUs at such time. 
 “Vitran Shareholder Rights Plan” means Vitran’s shareholder rights plan agreement dated
November 4, 2013 between Vitran and Computershare Trust Company of Canada, as amended, supplemented and/or restated from time to time. 

“Vitran Shareholders” means, at any time, the holders of Common Shares at such time. 

“Vitran Stock Option Plan” means the Amended and Restated Vitran Stock Option Plan dated March 18, 2013, as amended. 

  
 - 3 - 

	 	Section 1.2	Sections and Headings 

 The division of this Plan of Arrangement into sections and the
insertion of headings are for reference purposes only and shall not affect the interpretation of this Plan of Arrangement. Unless otherwise indicated, any reference in this Plan of Arrangement to a section or an exhibit refers to the specified
section of or exhibit to this Plan of Arrangement. 
  

	 	Section 1.3	Number, Gender and Persons 

 In this Plan of Arrangement, unless the context otherwise
requires, words importing the singular number include the plural and vice versa and words importing any gender include all genders. 
  

	 	Section 1.4	Currency 

 Except as expressly indicated otherwise, all sums of money referred to in this
Plan of Arrangement are expressed and shall be payable in United Dollars. 
  

	 	Section 1.5	Time 

 Time shall be of the essence in each and every matter or thing herein provided.
Unless otherwise indicated, all times expressed herein are local time in Toronto, Ontario. 
  

	 	Section 1.6	Date for any Action 

 If the date on which any action is required to be taken hereunder
is not a Business Day in the place where the action is required to be taken, such action shall be required to be taken on the next succeeding day which is a Business Day in such place. 

ARTICLE 2 
 ARRANGEMENT

  

	 	Section 2.1	Binding Effect 

 This Plan of Arrangement will become effective at, and be binding at and
after, the Effective Time on (i) Vitran, (ii) Purchaser, and (iii) all Vitran Securityholders. 
  

	 	Section 2.2	Arrangement 

 Commencing at the Effective Time, the following shall occur and shall be
deemed to occur in the following order without any further act or formality: 
  

	 	(a)	Vitran Shareholder Rights Plan. The Vitran Shareholder Rights Plan shall be terminated (and all rights issued thereunder shall expire) and shall be of no further force or effect. 

 

	 	(b)	 Dissenting Shareholders. Each Common Share held by a Dissenting Shareholder shall be deemed to be transferred by the holder thereof to
Purchaser, without any further act or formality on its part, free and clear of all Liens, in consideration for 

  
 - 4 - 

	 	
the fair value for each such Common Share held by such holder as determined and payable in accordance with Article 3 of this Plan of Arrangement. The holders of such Common Shares shall be deemed
to have executed and delivered all consents, releases, assignments and waivers, statutory or otherwise, required to acquire or transfer such Common Shares in accordance with this Section 2.2(b) and the name of such holders will be removed from
the register of holders of Common Shares. Purchaser will be deemed to be the legal and beneficial owner of such Common Shares free and clear of all Liens, at the Effective Time and will be recorded as the registered holder of the Common Shares so
transferred. 

  

	 	(c)	Vitran Options. Holders of Vitran Options which are outstanding and have an exercise price less than the amount of the Consideration immediately prior to the Effective Time will be entitled to receive an amount
per Vitran Option equal to the difference between the Consideration and the exercise price in respect of such Vitran Options (less applicable withholdings) and such Vitran Options will be cancelled at the Effective Time. All other Vitran Options
will be cancelled at the Effective Time, without any payment in respect thereof. 

  

	 	(d)	Common Shares. Each Common Share outstanding immediately prior to the Effective Time held by a Vitran Shareholder (other than those held by Dissenting Shareholders who are entitled to receive fair value for the
Common Shares held by them and other than those held by Purchaser and any Affiliate of Purchaser), shall be transferred by the holder thereof to Purchaser in exchange for the amount of USD$6.00 for each one Common Share held (the
“Consideration”). The holders of such Common Shares shall be deemed to have executed and delivered all consents, releases, assignments and waivers, statutory or otherwise, required to acquire or transfer such Common Shares in
accordance with this Section 2.2(d) and the name of such holders will be removed from the register of holders of Common Shares of Vitran. Vitran will be deemed to be the legal and beneficial owner of such Common Shares free and clear of all
Liens, at the Effective Time and will be recorded as the registered holder of the Common Shares so transferred. 

  

	 	(e)	Vitran DSUs. Holders of Vitran DSUs which are outstanding immediately prior to the Effective Time will be entitled to receive an amount per Vitran DSU equal to the Consideration and such Vitran DSUs will be
cancelled at the Effective Time. 

  

	 	(f)	Other Vitran Securities. Any and all other Vitran Securities that represent or that may be exercised for, or converted into, shares or other securities of Vitran shall be fully and finally cancelled and
terminated at the Effective Time, and the holders thereof shall have no further rights or entitlements thereunder. 

  

	 	(g)	Vitran Incentive Plans. The Vitran Incentive Plans shall be terminated (and all rights issued thereunder shall expire) at the Effective Time and shall be of no further force or effect. 

  
 - 5 - 

	 	(h)	Tax Election. Vitran shall make an election to cease to be a “public corporation” under s. 89(1) of the Income Tax Act (Canada). For greater certainty, such election shall be deemed to have been made
prior to the amalgamation of Vitran and Purchaser described in Section 2.2(i). 

  

	 	(i)	Amalgamation. Vitran and Purchaser shall be amalgamated and continued as one corporation under the OBCA to form Amalco in accordance with the following: 

 

	 	(i)	Name. The name of Amalco shall be “Vitran Corporation Inc.”; 

  

	 	(ii)	Registered Office. The registered office of Amalco shall be located at 154 Highway 540B, Gore Bay, Ontario P0P 1H0; 

  

	 	(iii)	Share Provisions. Amalco shall be authorized to issue an unlimited number of common shares without nominal or par value to which shares shall be attached the following rights (i) to vote at any meeting of
shareholders of Amalco; (ii) to receive any dividend declared by Amalco; and (iii) to receive the remaining property of Amalco upon dissolution; 

  

	 	(iv)	Restrictions on Share Transfers. None; 

  

	 	(v)	Other Provisions. The other provisions forming part of the Articles of Amalco shall be those of Purchaser, mutatis mutandis; 

  

	 	(vi)	Directors. (A) directors of Amalco shall, until otherwise changed in accordance with the OBCA, consist of a minimum number of one director and a maximum number of ten directors; (B) the number of
directors on the board of directors of Amalco shall initially be set at one; and (C) the initial directors of Amalco immediately following the amalgamation shall be the directors of Purchaser at the Effective Time; 

 

	 	(vii)	Business and Powers. There shall be no restrictions on the business Amalco may carry on or on the powers it may exercise; 

  

	 	(viii)	Stated Capital. The aggregate stated capital of Amalco will be an amount equal to the paid up capital for the purposes of the Tax Act of the common shares in the capital of Purchaser immediately before the
amalgamation; 

  

	 	(ix)	By-laws. The by-laws of Amalco shall be the by-laws of the Purchaser, mutatis mutandis; 

  

	 	(x)	Effect of Amalgamation. The provisions of subsections 179 (9.1) (b), (c), (d) and (e) of the OBCA shall apply to the amalgamation; 

 

	 	(xi)	Articles. The Articles of Arrangement filed to give effect to the Arrangement shall be deemed to be the articles of amalgamation of Amalco and the Certificate of Arrangement issued in respect of such Articles of
Arrangement by the Director under the OBCA shall be deemed to be the certificate of amalgamation of Amalco; and 

  
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	 	(xii)	Effect of Amalgamation on Vitran Securities. On the amalgamation: 

  

	 	(A)	each issued and outstanding Common Share shall be cancelled without any repayment of capital; and 

  

	 	(B)	each issued and outstanding common share in the capital of Purchaser shall survive and continue as one (1) common share in the capital of Amalco. 

ARTICLE 3 
 RIGHTS OF
DISSENT 
  

	 	Section 3.1	Rights of Dissent 

 Holders of Common Shares may exercise rights of dissent with respect
to such Common Shares pursuant to and in the manner set forth in section 185 of the OBCA and this Section 3.1 (the “Dissent Rights”) in connection with the Arrangement; provided that, notwithstanding subsection 185(6) of the
OBCA, the written objection to the Arrangement Resolution referred to in subsection 185(6) of the OBCA must be received by Vitran not later than 5:00 p.m. (Toronto time) on the second Business Day preceding the Vitran Meeting. Holders of the Common
Shares who duly exercise such rights of dissent and who: 
  

	 	(a)	are ultimately determined to be entitled to be paid fair value for their Common Shares shall be deemed to have transferred such Common Shares to Purchaser in accordance with Section 2.2(b) hereof to the extent the
fair value therefor is paid by Vitran and will not be entitled to any other payment or consideration; or 

  

	 	(b)	are ultimately determined not to be entitled, for any reason, to be paid fair value for their Common Shares shall be deemed to have participated in the Arrangement on the same basis as a non-dissenting holder of Common
Shares and shall receive the Consideration from Purchaser on the basis determined in accordance with Section 2.2(d) hereof, 

 but in no
case shall Vitran, Purchaser or any other Person be required to recognize such holders as holders of Common Shares after the Effective Time, and the names of such holders of Common Shares shall be deleted from the registers of holders of Common
Shares at the Effective Time. 
 ARTICLE 4 

CERTIFICATES 
  

	 	Section 4.1	Common Shares, Vitran Options and Vitran DSUs 

  

	 	(a)	Prior to the Effective Date, Purchaser will deposit with the Depositary cash in an amount equal to the aggregate Consideration to be received by Vitran Shareholders pursuant Section 2.2 hereof payable in accordance
with the provisions of Article 2 hereof. 

  
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	 	(b)	As soon as practicable after the Effective Date, upon a Vitran Shareholder depositing with the Depositary certificates representing Common Shares accompanied by a duly-completed and executed Letter of Transmittal and
such other documents and instruments as the Depositary may reasonably require, Purchaser shall cause the Depositary to deliver, to the applicable Vitran Shareholder in accordance with the Letter of Transmittal, a cheque representing the amount of
Consideration such Vitran Shareholder is entitled to receive as specified in Section 2.2 in accordance with the terms of the Arrangement, less applicable withholdings. 

 

	 	(c)	On the Effective Date, Purchaser shall deliver, to the applicable Vitran Optionholder and holder of Vitran DSUs, a cheque representing the amount of Consideration such Vitran Optionholder or holder of Vitran DSUs is
entitled to receive as specified in Section 2.2 in accordance with the terms of the Arrangement, less applicable withholdings. 

  

	 	(d)	On and after the Effective Time, certificates formerly representing Common Shares, Vitran Options and Vitran DSUs prior to the Effective Time (other than Common Shares held by Purchaser or any Affiliate thereof) shall
cease to represent such securities and shall represent only the right to receive the Consideration therefor specified in Section 2.2 in accordance with the terms of the Arrangement, subject to compliance with the requirements set forth in this
Article 4. 

  

	 	Section 4.2	Other Vitran Securities 

 At the Effective Time, each and every certificate, document,
agreement or other instrument, if any, formerly representing any and all other Vitran Securities that represent or may be exercised for, or converted into, shares or other securities of Vitran shall be and shall be deemed to be cancelled, void and
of no further force and effect without any further authorization, act or formality. 
  

	 	Section 4.3	Lost Certificates 

 If any certificate which immediately prior to the Effective Time
represented outstanding Common Shares that were exchanged pursuant to Article 2 hereof, has been lost, stolen or destroyed, upon the making of an affidavit of that fact by the person claiming such certificate to be lost, stolen or destroyed, the
Depositary will, subject to the terms hereof, issue in exchange for such lost, stolen or destroyed certificate, a cheque representing the amount of Consideration such Vitran Shareholder is entitled to in accordance with the terms of the Arrangement
less applicable withholdings. When authorizing such issuance in exchange for any lost, stolen or destroyed certificate, the Person to whom such cheque is to be issued shall, as a condition precedent to the issuance thereof, give a bond satisfactory
to the Depositary and Purchaser in such sum as Purchaser may reasonably direct or otherwise indemnify the Depositary, Vitran and Purchaser in a manner satisfactory to them against any claim that may be made against any of them with respect to the
certificate alleged to have been lost, stolen or destroyed. 

  
 - 8 - 

	 	Section 4.4	Unclaimed Certificates 

 Notwithstanding any of the other provisions hereof, any
certificate which immediately prior to the Effective Time represented outstanding Common Shares (other than Common Shares held by Purchaser or any affiliate thereof) that has not been surrendered with all other documents and instruments required by
this Article 4 on or prior to the sixth anniversary of the Effective Date, shall cease to represent a claim or interest of any kind or nature against Vitran or Purchaser and the right of such Vitran Shareholder to receive payment of Consideration
therefor, shall, on the sixth anniversary of the Effective Date, be deemed to have been surrendered and forfeited to Purchaser, together with all entitlements to dividends, distributions and any interest thereon held for such former Vitran
Shareholder, for no consideration. 
  

	 	Section 4.5	Withholding Rights 

 Purchaser and the Depositary shall be entitled to deduct and
withhold from any consideration payable to any Vitran Securityholder pursuant to Section 2.2 hereof, such amounts as Purchaser or the Depositary is required to deduct and withhold with respect to such payment under applicable Laws. To the
extent that amounts are so withheld, such withheld amounts shall be treated for all purposes hereof as having been paid to the Vitran Securityholder in respect of which such deduction and withholding was made. 

ARTICLE 5 
 AMENDMENTS

  

	 	Section 5.1	Amendments to Plan of Arrangement 

  

	 	(a)	Vitran reserves the right to amend, modify and/or supplement this Plan of Arrangement at any time and from time to time prior to the Effective Date, provided that each such amendment, modification and/or supplement must
be (i) set out in writing, (ii) approved by Purchaser, (iii) filed with the Court and, if made following the Vitran Meeting, approved by the Court and (iv) communicated to the affected Vitran Shareholders. 

 

	 	(b)	Any amendment, modification or supplement to this Plan of Arrangement may be proposed by Vitran at any time prior to the Vitran Meeting (provided that Purchaser shall have consented thereto) with or without any other
prior notice or communication, and if so proposed and accepted by the Vitran Shareholders voting at the Vitran Meeting (other than as may be required under the Interim Order), shall become part of this Plan of Arrangement for all purposes.

  

	 	(c)	Any amendment, modification or supplement to this Plan of Arrangement that is approved by the Court following the Vitran Meeting shall be effective only if (i) it is consented to by each of Vitran and Purchaser and
(ii) if required by the Court, it is communicated to or consented to by the Vitran Shareholders. 

  
 - 9 - 

	 	(d)	Any amendment, modification or supplement to this Plan of Arrangement may be made following the Effective Date by Purchaser and Vitran, provided that it concerns a matter which, in the reasonable opinion of Purchaser,
is of an administrative nature required to better give effect to the implementation of this Plan of Arrangement and is not adverse to the economic interest of any former Vitran Securityholder. 

 

	 	(e)	Notwithstanding the foregoing provisions of this Section 6, no amendment, modification or supplement of this Plan of Arrangement may be made prior to the Effective Time except in accordance with the terms of the
Arrangement Agreement. 

 ARTICLE 6 

FURTHER ASSURANCES 
  

	 	Section 6.1	Further Assurances 

 Notwithstanding that the transactions and events set out herein
shall occur and be deemed to occur in the order set out in this Plan of Arrangement without any further act or formality, each of the parties to the Arrangement Agreement shall make, do and execute, or cause to be made, done and executed, all such
further acts, deeds, agreements, transfers, assurances, instruments or documents as may reasonably be required by any of them in order further to document or evidence any of the transactions or events set out herein. 

  
 - 10 - 

 SCHEDULE A 

Representations and Warranties of Vitran 

Vitran represents and warrants to and in favour of Purchaser as follows: 
  

	 	(a)	Organization. Each of Vitran and the Vitran Subsidiaries has been incorporated and is validly subsisting under the Laws of the jurisdiction in which it was incorporated and has full corporate or legal power and
authority to own its property and assets and to conduct its business as currently owned and conducted. Each of Vitran and the Vitran Subsidiaries is registered, licensed or otherwise qualified as an extra-provincial corporation in each jurisdiction
where the nature of the business or the location or character of the property and assets owned or leased by it requires it to be so registered, licensed or otherwise qualified, other than those jurisdictions where the failure to be so registered,
licensed or otherwise qualified would not have a Material Adverse Effect. All of the outstanding shares of Vitran and the Vitran Subsidiaries are duly authorized, validly issued, fully paid and non-assessable (and, where required, properly
registered). All of the outstanding shares of the Vitran Subsidiaries are owned directly or indirectly by Vitran or a Vitran Subsidiary. Except pursuant to restrictions on transfer contained in the articles or by-laws (or their equivalent) of the
applicable Vitran Subsidiary, the outstanding securities of the Vitran Subsidiaries are owned free and clear of all Encumbrances other than the Secured Lender Encumbrances and neither Vitran nor any of the Vitran Subsidiaries is liable to any Person
in respect thereof. Except as disclosed in the Vitran Disclosure Letter, there are no outstanding options, rights, entitlements, understandings or commitments (contingent or otherwise) regarding the right to acquire any issued or unissued securities
of Vitran or any of the Vitran Subsidiaries. Other than the Vitran Subsidiaries, Vitran does not have any investment or proposed investment in any Person which, for the financial year ended December 31, 2012 accounted for, or which, for the
financial year ending December 31, 2013 is expected to account for, more than five percent of the consolidated assets or consolidated revenues of Vitran or would otherwise be material to the business and affairs of Vitran on a consolidated
basis. 

  

	 	(b)	 Capitalization. Vitran is authorized to issue an unlimited number of Common Shares. As at December 6, 2013 there were 16,432,241 Common
Shares outstanding and an aggregate of 590,750 Common Shares were set aside for issue under the Vitran Stock Option Plan. Except for the Vitran Options there are no options, warrants, conversion privileges or other securities, rights, agreements,
arrangements or commitments (pre-emptive, contingent or otherwise) obligating Vitran or any of the Vitran Subsidiaries to issue or sell any shares of Vitran or any of the Vitran Subsidiaries or any securities or obligations of any kind convertible
into or exchangeable for any shares of Vitran or any of the Vitran Subsidiaries. There are no outstanding bonds, debentures or other evidences of indebtedness of Vitran or any of the Vitran Subsidiaries having the right to vote with the Vitran
Shareholders on any matter. There are no rights of first refusal or similar rights 

	 	
restricting the transfer of Common Shares contained in any shareholders, partnership, joint venture or similar agreements or pursuant to existing financing agreements and there are no outstanding
contractual obligations of Vitran or of any of the Vitran Subsidiaries to repurchase, redeem or otherwise acquire any outstanding Common Shares or with respect to the voting or disposition of any outstanding Common Shares. 

 

	 	(c)	Authority. Vitran has all necessary power, authority and capacity to enter into this Agreement and all other agreements and instruments to be executed by Vitran as contemplated by this Agreement, and to perform
its obligations hereunder and under such other agreements and instruments. The execution and delivery of this Agreement by Vitran and the completion by Vitran of the Arrangement and the other Transactions contemplated by this Agreement have been
authorized by the directors of Vitran and, subject to the approval by the Vitran Shareholders in the manner contemplated herein, no other corporate proceedings on the part of Vitran are necessary to authorize this Agreement or to complete the
Arrangement and the other Transactions contemplated herein. This Agreement has been executed and delivered by Vitran and constitutes a legal, valid and binding obligation of Vitran, enforceable against Vitran in accordance with its terms, subject to
bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium and other applicable Laws relating to or affecting creditors’ rights generally, and to general principles of equity. The execution and delivery by Vitran of this Agreement
and the performance by it of its obligations hereunder and the completion of the Arrangement and the other Transactions contemplated hereby, do not and will not: 

  

	 	(i)	result in a violation, contravention or breach of, require any consent to be obtained or notice under, constitute a default or give rise to the right to receive any extraordinary or accelerated payment or any
termination rights under any provision of, 

  

	 	(A)	the articles or by-laws (or their equivalent) of Vitran or any of the Vitran Subsidiaries, 

  

	 	(B)	except for the consents, waivers, permits, exemptions, orders or approvals of, and any registrations and filings with, any Governmental Entity contemplated in Section 10 and disclosed in the Vitran Disclosure
Letter, any applicable Laws, or 

  

	 	(C)	except as disclosed in the Vitran Disclosure Letter, any note, bond, mortgage, indenture, loan agreement, deed of trust agreement, contract, agreement, licence or permit to which Vitran or any of the Vitran Subsidiaries
is bound or is subject or of which Vitran or any Vitran Subsidiary is the beneficiary, 

 that would, individually or in the
aggregate, have a Material Adverse Effect; 

  
 - 2 - 

	 	(ii)	except as disclosed in the Vitran Disclosure Letter, give rise to any right of termination or acceleration of any indebtedness, or cause any indebtedness owing by Vitran or any of the Vitran Subsidiaries to come due
before its stated maturity or cause any available credit to cease to be available which would, individually or in the aggregate, have a Material Adverse Effect; 

  

	 	(iii)	result in the imposition of any Encumbrance upon any of the property or assets of Vitran or any of the Vitran Subsidiaries, or restrict, hinder, impair or limit the ability of Vitran or any of the Vitran Subsidiaries to
conduct the business of Vitran or any of the Vitran Subsidiaries as and where it is now being conducted which would, individually or in the aggregate, have a Material Adverse Effect; 

 

	 	(iv)	except as disclosed in the Vitran Disclosure Letter, result in any payment (including termination, severance, unemployment compensation, change of control, “golden parachute”, bonus or otherwise) becoming due
to any Employee, director, officer or consultant of Vitran or of any Vitran Subsidiary (whether automatically or solely upon further action on the part of such director, officer, consultant or Employee) or increase any benefits otherwise payable
under any Employee Plan or result in the acceleration of the time of payment or vesting of any such benefits; 

  

	 	(v)	violate any judgment, ruling, order, writ, injunction determination, award, decree, statute, ordinance, rule or regulation applicable to Vitran or any of the Vitran Subsidiaries or to any of the their respective
properties or assets, except violations which would not, individually or in the aggregate, have a Material Adverse Effect; or 

  

	 	(vi)	cause the suspension or revocation of any authorization, consent, approval, license or permit currently in effect which would, individually or in the aggregate, have a Material Adverse Effect. 

 

	 	(d)	Governmental Authorizations. No consent, approval, order or authorization of, or declaration or filing with, or waiver of any right of, any Governmental Entity or other Person is required to be obtained or made
by Vitran or any of the Vitran Subsidiaries in connection with the execution and delivery of this Agreement or the consummation by Vitran of the Arrangement and the other Transactions contemplated herein other than (i) the Competition Act
Approval, (ii) the Transportation Act Approval, (iii) any approvals required pursuant to the Interim Order or the Final Order, (iv) filings with the Director under the OBCA and filings with and approvals required by Securities
Authorities and the Exchanges, (v) any approvals under the HSR, if applicable, and (vi) any other consent, waiver, permit, order or approval which if not obtained, would not, individually or in the aggregate, have a Material Adverse Effect
or a material impact on the ability of Vitran to complete the Arrangement or any other Transaction contemplated herein. Other than as set out in this paragraph, there is no legal impediment to Vitran’s consummation of the Arrangement.

  
 - 3 - 

	 	(e)	Other Authorizations. Each of Vitran and the Vitran Subsidiaries hold all permits, licenses, qualifications, authorizations and Environmental Approvals necessary or required to carry on or conduct its business as
currently conducted and as contemplated to be conducted, except where the failure to hold such permits, licenses, qualifications, authorizations or Environmental Approvals would not, individually or in the aggregate, have a Material Adverse Effect.
All such permits, licenses, qualifications, authorizations and Environmental Approvals are in full force and effect and no event has occurred or circumstance exists that may constitute or result in a violation of such permits, licenses,
qualifications, authorizations and Environmental Approvals, except where such violation would not, individually or in the aggregate, have a Material Adverse Effect. No proceedings are pending or, to the knowledge of Vitran, threatened which would
result in the revocation or limitation of any such permits, licenses, qualifications, authorizations and Environmental Approvals, and all steps have been taken and filings made on a timely basis with respect thereto (including renewals), except
where the failure to take such steps and make such filings would not, individually or in the aggregate, have a Material Adverse Effect. 

  

	 	(f)	Directors’ Approvals. The directors of Vitran, present at a meeting have received an oral opinion from Stephens, Inc., the financial advisor to the directors of Vitran, that the Consideration is fair, from a
financial point of view, to the Vitran Shareholders and the directors of Vitran have, after consultations with Vitran’s financial and legal advisors, unanimously: 

 

	 	(i)	determined that the Consideration is fair to the Vitran Shareholders and that the Arrangement is in the best interests of Vitran and the Vitran Shareholders; 

 

	 	(ii)	recommended that the Vitran Shareholders vote the Common Shares beneficially owned or controlled by them in favour of the Arrangement Resolution; and 

 

	 	(iii)	approved the Arrangement and the other Transactions contemplated herein and authorized the entering into of this Agreement and the performance by Vitran of its obligations hereunder. 

 

	 	(g)	Vitran Subsidiaries. All of the Subsidiaries of Vitran are set out in the Vitran Disclosure Letter. 

  

	 	(h)	No Defaults. Neither Vitran nor any of the Vitran Subsidiaries is in default under, and there exists no event, condition or occurrence which, after notice or lapse of time or both, would constitute such a default
under, any contract, agreement or licence to which any of them is a party or by which any of them is bound which would, individually or in the aggregate, have a Material Adverse Effect. 

  
 - 4 - 

	 	(i)	Absence of Changes. Since December 31, 2012, except as publicly disclosed in the Vitran Documents filed on SEDAR and EDGAR prior to the date hereof, or disclosed in the Vitran Disclosure Letter:

  

	 	(i)	Vitran and each of the Vitran Subsidiaries has conducted its business only in the ordinary and regular course of business consistent with past practice; 

 

	 	(ii)	Vitran has not incurred or suffered a Material Adverse Change and there has not been any event, circumstance or occurrence which has had or is reasonably likely to give rise to a Material Adverse Change;

  

	 	(iii)	there has not been any acquisition or sale by Vitran or any of the Vitran Subsidiaries of any material property or material assets; 

  

	 	(iv)	there has not been any incurrence, assumption or guarantee by Vitran or any of the Vitran Subsidiaries of any debt for borrowed money, any creation or assumption by Vitran or any of the Vitran Subsidiaries of any
Encumbrance, any making by Vitran or any of the Vitran Subsidiaries of any loan, advance or capital contribution to, or investment in any other Person or any entering into, amendment of, relinquishment, termination or non-renewal by Vitran or any of
the Vitran Subsidiaries of any contract, agreement, licence, lease transaction, commitment or other right or obligation other than in the Ordinary Course or which would, individually or in the aggregate, have a Material Adverse Effect;

  

	 	(v)	Vitran has not declared or paid any dividends or made any other distribution on any of the Common Shares or redeemed, repurchased or otherwise acquired any Common Shares; 

 

	 	(vi)	Vitran has not effected or passed any resolution to approve a split, consolidation or reclassification of any of the outstanding Common Shares; 

 

	 	(vii)	other than in the ordinary and regular course of business consistent with past practice, there has not been any material increase in or modification of the compensation payable to or to become payable by Vitran or any
of the Vitran Subsidiaries to any Employee or to any of their respective directors, officers or consultants, or any grant to any Employee or any such director, officer or consultant of any material increase in severance or termination pay or any
material increase or modification of any Employee Plan (including, without limitation, the granting of Vitran Options or Vitran DSUs pursuant to the Vitran Incentive Plans) made to, for or with any of such Employees, directors, officers or
consultants; 

  

	 	(viii)	Vitran has not effected any material change in its accounting methods, principles or practices or its interpretations thereof; 

  
 - 5 - 

	 	(ix)	there has not occurred any amendment or proposed amendment to the articles or by-laws of Vitran; 

  

	 	(x)	there has not occurred any material damage, destruction or loss in respect of Vitran or any Vitran Subsidiary or any of their respective properties and assets that is not fully covered by insurance (subject to normal
deductibles); 

  

	 	(xi)	Vitran has not waived in favour of any Person any provisions of, or released or terminated, any confidentiality or standstill agreement to which it is a party; and 

 

	 	(xii)	neither Vitran nor any Vitran Subsidiary has agreed to do any of the foregoing. 

  

	 	(j)	No Insolvency. Neither Vitran nor any Vitran Subsidiary is insolvent within the meaning of applicable bankruptcy, insolvency or fraudulent conveyance laws. Except as disclosed in the Vitran Disclosure Letter, no
act or proceeding has been taken or, to the knowledge of Vitran, is threatened by or against Vitran or any Vitran Subsidiary in connection with the dissolution, liquidation, winding up, bankruptcy or reorganization of Vitran or any Vitran Subsidiary
or the appointment of a trustee, receiver, manager or other administrator of Vitran or any Vitran Subsidiary or any of their respective properties or assets. Neither Vitran nor any Vitran Subsidiary has sought protection under the Bankruptcy and
Insolvency Act (Canada) or the Companies’ Creditors Arrangement Act (Canada) or similar Laws in any other jurisdiction. 

  

	 	(k)	Employment Matters. Except as disclosed in the Vitran Disclosure Letter: 

  

	 	(i)	neither Vitran nor any of the Vitran Subsidiaries is a party to or bound by any contracts in respect of any Employee, former Employee or consultant including: 

 

	 	(A)	any contracts providing for the re-employment of any Employee; 

  

	 	(B)	any bonus, pension, profit sharing, executive compensation, current or deferred compensation, incentive compensation, tax equalization, stock compensation, stock purchase, stock option, stock appreciation, phantom stock
option, savings, severance or termination pay, retirement, supplementary retirement, hospitalization insurance, salary continuation, legal, health or other medical, dental, life, disability or other insurance plan, program, agreement or arrangement
or other plans or arrangements providing employee benefits, except for the plans providing employee benefits described in the Vitran Disclosure Letter; 

  

	 	(C)	 any written or oral policy, agreement, obligation or understanding providing for severance or termination payments to any Employee,

  
 - 6 - 

	 	
consultant, director or officer of Vitran or any Vitran Subsidiary or any employment, service, consulting or other agreement with any Employee, consultant, director or officer of Vitran or any of
the Vitran Subsidiaries which provides for termination of employment or of the contract, as the case may be, on more than 6 months’ notice (excluding such as results by Law from the employment of an employee without an agreement as to notice or
severance); 

  

	 	(D)	any contract or understanding with an Employee that cannot be terminated other than in accordance with the terms of such contract or understanding or under applicable Laws; and 

 

	 	(ii)	there are no material overdue payments to Employees (including any amounts related to unused or accrued vacation days); 

  

	 	(iii)	all current assessments under workers’ compensation legislation in relation to Vitran or any Vitran Subsidiary and all of their respective contractors and subcontractors have, in all material respects, been paid or
accrued in accordance with GAAP. Except as disclosed in the Vitran Disclosure Letter, neither Vitran nor any Vitran Subsidiary has been or is subject to any additional or penalty assessment under such legislation which has not been paid or has been
given notice of any audit; and 

  

	 	(iv)	there are no outstanding inspection orders or written equivalent made under any occupational, health and safety legislation which relate to Vitran or any of the Vitran Subsidiaries. Vitran and the Vitran Subsidiaries
have complied with any orders issued under any occupational, health and safety legislation, except with the failure to comply would not, individually or in the aggregate, have a Material Adverse Effect, and there are no appeals of any orders under
occupational, health and safety legislation against Vitran or any of the Vitran Subsidiaries which are currently outstanding. 

  

	 	(l)	Collective Agreements. Except as disclosed in the Vitran Disclosure Letter: 

  

	 	(i)	neither Vitran nor any of the Vitran Subsidiaries is a party to any collective bargaining agreement, contract or legally binding commitment with any trade union or employee organization or group in respect of or
affecting any Employees; 

  

	 	(ii)	neither Vitran nor any of the Vitran Subsidiaries are currently engaged in any labour negotiation; 

  

	 	(iii)	 neither Vitran nor any of the Vitran Subsidiaries are a party to any material application, claim, complaint, grievance, arbitration or other
proceeding by or respecting any Employees or former Employees under any Laws or before any Governmental Entity, including without limitation, any application for certification or which otherwise involves

  
 - 7 - 

	 	
the recognition of any trade union or similar employee organization as the bargaining agent of any of the Employees, or any unfair labour practice complaint; 

 

	 	(iv)	neither Vitran nor any of the Vitran Subsidiaries are currently engaged in any unfair labour practice nor is Vitran aware of any pending or threatened complaint regarding any alleged unfair labour practices;

  

	 	(v)	there is no strike, labour dispute, work slow down or stoppage against or involving Vitran or any of the Vitran Subsidiaries nor, to the knowledge of Vitran, are any strikes, labour disputes, work slowdowns or stoppages
pending or threatened against Vitran or any of the Vitran Subsidiaries; 

  

	 	(vi)	neither Vitran nor any of the Vitran Subsidiaries have experienced any material work stoppage in the 24 month period immediately preceding the date of this Agreement; and 

 

	 	(vii)	to the knowledge of Vitran, neither Vitran nor any of the Vitran Subsidiaries are, nor have they been in the 24 month period preceding the date of this Agreement, the subject of any union organization effort or campaign
or similar organization effort by any employee organization or group in respect of or affecting any Employees. 

  

	 	(m)	Intellectual Property. 

  

	 	(i)	The Vitran Disclosure Letter sets forth a true, accurate and complete list of all registered Intellectual Property Rights owned or used by Vitran or any of the Vitran Subsidiaries as of the date hereof. All of the
Intellectual Property Rights owned or used by Vitran or any of the Vitran Subsidiaries as of the date hereof, are valid, enforceable and subsisting. The Intellectual Property Rights owned by or licensed to Vitran or the Vitran Subsidiaries include
all of the intellectual property rights necessary to conduct the business of Vitran and the Vitran Subsidiaries in the manner in which such business is currently being conducted. 

 

	 	(ii)	Except as disclosed in the Vitran Disclosure letter, to the knowledge of Vitran, as of the date hereof, neither Vitran nor any Vitran Subsidiary is currently being sued or charged in writing with or is a defendant in
any claim, suit, action or proceeding that involves a claim of infringement of any Intellectual Property Right, and Vitran has no knowledge of any other claim of infringement by Vitran or any Vitran Subsidiary, and no knowledge of any continuing
infringement by any other Person of any Intellectual Property Right. 

  

	 	(iii)	To the knowledge of Vitran, the current use by Vitran and the Vitran Subsidiaries of the Intellectual Property Rights does not infringe the rights of any other Person. 

 

	 	(iv)	Vitran warrants that Vitran or one or more of the Vitran Subsidiaries have good and valid title to all Intellectual Property Rights they own and that any licenses by which Intellectual Property Rights are licensed to or
from Vitran or the Vitran Subsidiaries are, in all material respects, in full force and effect, are unamended and there are no outstanding defaults or breaches under any of them, except where such default or breach would not, individually or in the
aggregate, have a Material Adverse Effect.  

  
 - 8 - 

	 	(n)	Computer Systems and Software. The computer systems, Hardware and Software of Vitran and the Vitran Subsidiaries including personal computers and special purpose systems (including billing systems, operational
support systems and business support systems) are fully operational in all material respects. For the purposes hereof, “Hardware” means the computer hardware, mainframes, personal computers, servers, client/server stations, network
equipment, routers, semi conductor chips, embedded Software, communication lines and other equipment “Software” means computer programs, operating systems, applications, interfaces, applets, software scripts, macros, firmware,
development tools, and other instructions or sets of instructions for Hardware or Software to follow, including SQL and other query languages, hypertext markup language (“html”), wireless markup language, xml and other computer
markup languages, in object, source or other code. 

  

	 	(o)	Financial Matters. 

  

	 	(i)	The audited consolidated financial statements of Vitran as at and for the fiscal years ended December 31, 2012, 2011 and 2010 (including the notes thereto and related management’s discussion and analysis) and
Vitran’s unaudited financial statements as at and for the nine months ended September 30, 2013 (including the notes thereto and related management’s discussion and analysis) were prepared in accordance with GAAP, consistently applied,
and fairly present in all material respects the consolidated financial condition of Vitran at the respective dates indicated and the results of operations of Vitran for the periods covered on a consolidated basis (subject, in the case of any
unaudited interim consolidated financial statements, to normal period-end adjustments) and reflect adequate provision for the material liabilities of Vitran on a consolidated basis in accordance with GAAP. Neither Vitran nor any of the Vitran
Subsidiaries has any liability or obligation (including, without limitation, liabilities or obligations to fund any operations or work, to give any guarantees or for Taxes), whether accrued, absolute, contingent or otherwise, not reflected in the
consolidated financial statements of Vitran for the nine months ended September 30, 2013, except liabilities and obligations incurred in the ordinary and regular course of business since December 31, 2012. Vitran is able to pay its
liabilities as they become due; the realizable value of the assets of Vitran is not less than the aggregate of the liabilities thereof and the stated capital of all classes of shares thereof. 

  
 - 9 - 

	 	(ii)	The management of Vitran has established and maintained a system of disclosure controls and procedures designed to provide reasonable assurance that information required to be disclosed by Vitran in its annual filings,
interim filings or other reports filed, furnished or submitted by it under applicable securities Laws or the rules of the Exchanges is reported within the time periods specified in such Laws and rules. 

 

	 	(iii)	As of the date hereof, neither Vitran nor any of the Vitran Subsidiaries nor, to Vitran’s knowledge, any director, officer, employee, auditor, accountant or representative of Vitran or any of the Vitran
Subsidiaries has received or otherwise had or obtained knowledge of any complaint, allegation, assertion or claim, whether written or oral, regarding the accounting or auditing practices, procedures, methodologies or methods of Vitran or any of the
Vitran Subsidiaries or their respective internal accounting controls, including any complaint, allegation, assertion or claim that Vitran or any of the Vitran Subsidiaries has engaged in questionable accounting or auditing practices, which has not
been resolved to the satisfaction of the Audit Committee of the directors of Vitran. 

  

	 	(p)	No Prohibited Payments. Neither Vitran, nor any Vitran Subsidiary, nor, to the knowledge of Vitran, any officer, director, Employee, shareholder, agent or other Person acting on behalf of Vitran or any Vitran
Subsidiary, (i) has made any Prohibited Payments, (ii) has received any payments, services or gratuities that were not legal to receive or that were not legal for the Person making them to provide, (iii) has engaged in any
transactions or made or received payments that were not properly recorded on the accounting books and records of Vitran or any Vitran Subsidiary or properly disclosed on their respective financial statements, or (iv) has maintained any
off-book bank or cash account or “slush funds”. 

  

	 	(q)	Books and Records. The corporate records and minute books of Vitran and, since the date each Vitran Subsidiary was acquired or incorporated by Vitran, the corporate records and minute books of the Vitran
Subsidiaries have been maintained in accordance with all applicable Laws and are complete and accurate in all material respects. The minute books of Vitran and the Vitran Subsidiaries provided to Purchaser for review are true and complete in all
material respects and the minutes and documents contained therein have not been amended or supplemented since the time of such review. Financial books and records and accounts of Vitran and the Vitran Subsidiaries in all material respects
(i) have been maintained in accordance with good business practices on a basis consistent with prior years, (ii) are stated in reasonable detail and accurately and fairly reflect the transactions and acquisitions and dispositions of assets
of Vitran and the Vitran Subsidiaries, and (iii) accurately and fairly reflect the basis for the consolidated financial statements of Vitran. 

  

	 	(r)	 Litigation. As of the date hereof and except as set out in the Vitran Disclosure Letter, there is no complaint, claim, action, suits,
audits, grievances, assessments, proceeding or investigation pending or in progress or, to the knowledge of Vitran, 

  
 - 10 - 

	 	
threatened against or relating to Vitran or any of the Vitran Subsidiaries or affecting any of their respective properties, permits, licences or assets at law or equity or before any Governmental
Entity or before any other Person which, individually or in the aggregate, would prevent or hinder the consummation of the Arrangement and the Transactions contemplated herein or which, individually or in the aggregate, involve the possibility of
any judgment or liability which would have a Material Adverse Effect. Except as set out in the Vitran Disclosure Letter, there is no bankruptcy, liquidation, winding-up or other similar proceeding pending or in progress, or, to the knowledge of
Vitran, threatened against or relating to Vitran or any of the Vitran Subsidiaries, before any Governmental Entity. Neither Vitran nor any of the Vitran Subsidiaries, nor any of their respective properties or assets is subject to any outstanding
judgment, fine, penalty, order, writ, injunction or decree that involves or may involve, or restricts or may restrict, or requires or may require, the expenditure of an amount of money in the aggregate in excess of USD$1,000,000 as a condition to or
a necessity for the right or ability of Vitran or any Vitran Subsidiary, to conduct its business in all material respects as it has been carried on prior to the date hereof, or that would materially impede the consummation of the Arrangement and the
other Transactions contemplated by this Agreement. 

  

	 	(s)	Insurance. Vitran and the Vitran Subsidiaries maintain policies of insurance in amounts and in respect of such risks as Vitran reasonably has determined to be commercially reasonable having regard to the
industries in which Vitran and the Vitran Subsidiaries operate and as required in accordance with their respective licences and permits, and such policies are in full force and effect as of the date hereof and will not be cancelled, revoked or
otherwise terminated as a result of the completion of the Arrangement. 

  

	 	(t)	 Real Property. Except as disclosed in the Vitran Disclosure Letter, neither Vitran nor any of the Vitran Subsidiaries owns or has agreed
to acquire any real property or interest in real property (the real property described therein being referred to as the “Real Property”). Vitran or one or more of the Vitran Subsidiaries is the legal and beneficial owner of all Real
Property, have the exclusive right to possess, use and occupy, and have good and marketable title in fee simple to, all the Real Property free and clear of all Encumbrances, other than for the Real Property Encumbrances and for such defects in title
or Encumbrances that, individually or in the aggregate, do not have a Material Adverse Effect and, together with the rights of Vitran and the Vitran Subsidiaries in respect of the Leased Real Properties, no other real property rights are necessary
for the conduct of the business of Vitran and the Vitran Subsidiaries as currently conducted or contemplated to be conducted. There are no matters affecting the right, title and interest of Vitran or any Vitran Subsidiary in and to any Real Property
which, individually or in the aggregate, would materially and adversely affect the ability of Vitran and the Vitran Subsidiaries to carry on business upon the Real Property as it has been carried on in the Ordinary Course and no part of any Real
Property is subject to any building or use restriction that restricts or would restrict or prevent the use and operation of the Real Property as it has been used or operated 

  
 - 11 - 

	 	
in the Ordinary Course in the past by Vitran and the Vitran Subsidiaries. All buildings, structures, improvements and appurtenances situated on the Real Property are in good operating condition
and in a state of good maintenance and repair and are adequate and suitable for the purposes for which they are currently being used, with such exceptions as would not, individually or in the aggregate, be reasonably likely to have a Material
Adverse Effect. Neither Vitran nor any Vitran Subsidiary has: (i) entered into any agreement to sell, transfer, encumber or otherwise dispose of or impair the right, title and interest of Vitran or any Vitran Subsidiary in and to any Real
Property; or (ii) received any notification of, and Vitran has no knowledge of, any outstanding or incomplete work orders, deficiency notices or other current non-compliance with applicable Laws relating to any of the Real Property or any
portion thereof. The current uses of all Real Property are permitted, in all material respects, under current zoning and land use regulations and applicable Laws and Vitran has no knowledge of any proposed or pending changes to any zoning regulation
or official plan affecting any Real Property or of any expropriation or condemnation or similar proceeding pending or threatened against any Real Property. Vitran is not aware of any claim or the basis for any claim that could adversely affect its
or any Vitran Subsidiaries’ right to use, transfer or otherwise exploit any Real Property and neither Vitran nor any Vitran Subsidiary has any obligation to pay any material commission, royalty, license fee or similar payment to any Person with
respect to the property rights in respect thereof. 

  

	 	(u)	Leased Property. The real property leases entered into by Vitran and the Vitran Subsidiaries listed in the Vitran Disclosure Letter are all of the leases relating to all lands and premises leased by Vitran and
the Vitran Subsidiaries (collectively, “Leased Real Properties”) in conducting their respective activities, and are in full force and effect, and Vitran and such Subsidiaries are entitled to all rights and benefits thereunder in
accordance with the terms thereof, with such exceptions as would not, individually or in the aggregate, be reasonably likely to have a Material Adverse Effect. Except as disclosed in the Vitran Disclosure letter, there are no written or oral
agreements, leases, undertakings, subleases, licenses, concessions, occupancy agreements or other contracts granting to any other Person the right of use or occupancy of any of the Leased Real Properties (or any portion thereof), and there is no
other Person in possession of all or any portion of the Leased Real Properties. Vitran has made available to Purchaser copies of all such leases. Neither Vitran nor any of the Vitran Subsidiaries has received written notice that any party to any
such lease intends to cancel, terminate or otherwise modify or not renew such lease, and to the knowledge of Vitran, no such action has been threatened. Neither Vitran nor any of the Vitran Subsidiaries is in default of any of the provisions of any
such leases nor has such default been alleged, other than such defaults or alleged defaults that would not, individually or in the aggregate, result in a Material Adverse Effect. 

 

	 	(v)	 Personal Property. Each of Vitran and the Vitran Subsidiaries own all personal property owned by it and used in their respective business as
currently conducted and contemplated to be conducted, in each case free and clear of all 

  
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Encumbrances, other than for the Secured Lender Encumbrances or as would not materially affect the value of such property or interfere with the use made and proposed to be made of such property
by Vitran and the Vitran Subsidiaries; and all personal property held under lease by Vitran and the Vitran Subsidiaries is held under valid, subsisting and enforceable leases with such exceptions as are not material and do not materially interfere
with the use made or proposed to be made of such property by Vitran and the Vitran Subsidiaries and neither Vitran nor any of the Vitran Subsidiaries has received written notice that any party to any such lease intends to cancel, terminate or
otherwise modify or not renew such lease, and to the knowledge of Vitran, no such action has been threatened. Neither Vitran nor any of the Vitran Subsidiaries is in default of any of the provisions of any such leases nor has such default been
alleged, other than such defaults or alleged defaults that would not, individually or in the aggregate, result in a Material Adverse Effect. 

  

	 	(w)	Condition of Tangible Property. All tangible personal property of Vitran and each Vitran Subsidiary is in generally good repair and is operational and usable in the manner in which it is currently being utilized,
subject to normal wear and tear and technical obsolescence, repair or replacement, except for such property whose failure to be in such condition does not have a Material Adverse Effect. 

 

	 	(x)	Environmental. Except as would not individually or in the aggregate have a Material Adverse Effect: 

  

	 	(i)	Neither Vitran nor any of the Vitran Subsidiaries is in violation of, or has violated or has any liability under, any Environmental Law and there are no facts, circumstances or conditions existing, initiated or
occurring prior to the Effective Date which could result in liability under any Environmental Laws. Without limiting the generality of the foregoing: (i) there has been no Environmental Condition at, on, under or from any of the properties
currently owned, leased or operated by Vitran or any Vitran Subsidiary (including, without limitation, soils and surface and ground waters) during the period of Vitran’s or the applicable Vitran Subsidiary’s ownership, tenancy or operation
of such property; (ii) there has been no Environmental Condition at, on, under or from any of the properties formerly owned, leased or operated by Vitran or any Vitran Subsidiary (including, without limitation, soils and surface and ground
waters) during the period of Vitran’s or any Vitran Subsidiary’s ownership, tenancy or operation of such property; (iii) none of the real property currently leased or operated by Vitran or any Vitran Subsidiary contains underground
improvements, including but not limited to treatment or storage tanks, or underground piping associated with such tanks, used currently or in the past for the management of Contaminants, and no portion of such real property is or has been used as a
dump or landfill or consists of or contains filled-in land or wetlands; and (iv) neither PCBs, “toxic mold,” asbestos-containing materials, nor any contamination are present on or in the real property currently owned, operated or
leased by Vitran or the Vitran Subsidiaries or the improvements thereon. 

  
 - 13 - 

	 	(ii)	Neither Vitran nor any Vitran Subsidiary has received any notice, demand, claim or request for information or other written communication alleging that Vitran or any Vitran Subsidiary (i) is actually, potentially
or allegedly liable under any Environmental Law for an Environmental Condition, or (ii) may be in violation of or have any liability under any Environmental Law. 

 

	 	(iii)	Vitran and each Vitran Subsidiary are in compliance with the Environmental Approvals held or maintained by Vitran and such Subsidiaries. 

 

	 	(iv)	Neither Vitran nor any of the Vitran Subsidiaries has arranged, by contract, agreement or otherwise, for the transportation, disposal or treatment of Contaminants at any location such that it is or could be liable for
Remediation of such location pursuant to Environmental Laws, and no such location, nor any of the real property currently owned, operated, or leased by Vitran or any of the Vitran Subsidiaries is listed on any governmental list or database of
properties that may require Remediation. 

  

	 	(y)	Tax Matters. Except as disclosed in the Vitran Disclosure Letter, 

  

	 	(i)	Vitran and the Vitran Subsidiaries have filed or caused to be filed, and will continue to file and cause to be filed, in a timely manner all Tax Returns required to be filed by them (all of which Tax Returns were
correct and complete in all material respects and no material fact has been omitted therefrom) and have, in all material respects, paid, collected, withheld or remitted, or caused to be paid, collected, withheld or remitted, all Taxes, including any
instalments and prepayments, that are due and payable, collectible and remittable. No extension of time in which to file any Tax Returns is in effect. Vitran has provided adequate accruals in accordance with GAAP in its published consolidated
financial statements for any Taxes for the period covered by such financial statements which have not been paid, whether or not shown as being due on any Tax Returns. Since such publication date, no material liability for Taxes not reflected in such
consolidated financial statements has been incurred or accrued by Vitran or the Vitran Subsidiaries other than in the ordinary course of business. Vitran and the Vitran Subsidiaries have, in all material respects, made adequate provision or
disclosure in its books and records for any Taxes accruing in respect of any period subsequent to the period covered by such financial statements, whether or not shown as being due on any Tax Return. No lien for Taxes has been filed or exists other
than for Taxes not yet due and payable. 

  
 - 14 - 

	 	(ii)	There are no reassessments of Taxes in respect of Vitran or any of the Vitran Subsidiaries that have been issued and are outstanding and there are no outstanding issues which have been raised and communicated to Vitran
or any Vitran Subsidiary by any Governmental Entity for any taxation year in respect of which a Tax Return of Vitran or any Vitran Subsidiary has been audited. As of the date hereof, no Governmental Entity has challenged, disputed or questioned
Vitran or any Vitran Subsidiary in respect of Taxes or Tax Returns. None of Vitran or any Vitran Subsidiary is negotiating any draft assessment or reassessment with any Governmental Entity. Neither Vitran nor any Vitran Subsidiary has executed or
filed with any Governmental Entity any agreement or waiver extending the period for assessment, reassessment or collection of any Taxes. No audit of Vitran or any Vitran Subsidiary by any Governmental Entity is in process or, to the knowledge of
Vitran, pending. 

  

	 	(iii)	Vitran and each Vitran Subsidiary has withheld from each payment made to any of its present or former Employees, officers and directors, and to all other Persons all material amounts required by law to be withheld, and
furthermore, has remitted such withheld amounts within the prescribed periods to the appropriate Governmental Entity. Vitran and each Vitran Subsidiary has remitted all applicable pension plan contributions, employment insurance premiums, employer
health taxes and other Taxes payable by it in respect of its Employees and has remitted such amounts to the proper Governmental Entity within the time required under applicable Law. Vitran and each Vitran Subsidiary has, in all material respects,
charged, collected and remitted on a timely basis all Taxes as required under applicable Law on any sale, supply or delivery whatsoever, made by them. 

  

	 	(iv)	All Taxes, local improvements, utilities and any and all other payments to or assessments of any Governmental Entity having jurisdiction in respect of any Real Property have been paid or made, or accrued for.

  

	 	(v)	Neither Vitran nor any Vitran Subsidiary is party to any tax sharing, tax indemnity or tax allocation agreement or arrangement. 

  

	 	(vi)	Neither Vitran nor any Vitran Subsidiary has acquired property from a non-arm’s length Person which could subject it to a liability under section 160 of the Tax Act or comparable provisions of any applicable tax
Laws. 

  

	 	(vii)	No claim has ever been made by any Governmental Entity in a jurisdiction where either Vitran or any Vitran Subsidiary do not file Tax Returns that Vitran or any Vitran Subsidiary is or may be subject to Taxes or is
required to file Tax Returns in that jurisdiction. 

  

	 	(viii)	To the knowledge of Vitran, there are no circumstances existing which could reasonably be expected to result in an assessment of Vitran or any Vitran Subsidiary on the basis of sections 78 or 80 to 80.04 of the Tax Act
or comparable provisions of any applicable tax Laws. 

  
 - 15 - 

	 	(ix)	Vitran has provided to Purchaser true, correct and complete copies of (a) all Tax Returns relating to Taxes for any taxable period beginning within five years prior to the date hereof; and (b) material
portions of any income tax audit reports, statement of deficiencies, closing or other agreements received by Vitran or any Vitran Subsidiary relating to Taxes for any taxable period beginning within five years prior to the date hereof.

  

	 	(x)	Neither Vitran nor any Vitran Subsidiary has made an “excessive eligible dividend designation” as defined in subsection 89(1) of the Tax Act in respect of any dividend paid, or deemed by any provision of the
Tax Act to have been paid on any class of shares of its capital. 

  

	 	(xi)	Vitran and each Vitran Subsidiary has prepared all transfer pricing documentation required under subsection 247(4) of the Tax Act and has otherwise complied with the transfer pricing rules contained in section 247 of
the Tax Act. 

  

	 	(z)	Employee Plans. 

  

	 	(i)	Disclosed in the Vitran Disclosure Letter are all material written employee benefit, welfare, supplemental unemployment benefit, bonus, pension, profit sharing, tax equalization, executive compensation, current or
deferred compensation, incentive compensation, stock compensation, stock purchase, stock option, stock appreciation, phantom stock option, savings, severance or termination pay, retirement, supplementary retirement, hospitalization insurance, salary
continuation, legal, health or other medical, dental, life, disability or other insurance (whether insured or self-insured) plan, program, agreement or arrangement, including any such plans which are sponsored or maintained by any Governmental
Entity sponsored, maintained or contributed to or required to be contributed to by Vitran or any of the Vitran Subsidiaries for the benefit of its Employees or former Employees and their dependents or beneficiaries to which Vitran or any of the
Vitran Subsidiaries participates or has any actual or potential liability or obligations, other than plans established pursuant to statute (collectively the “Employee Plans”). 

 

	 	(ii)	Vitran has made available to Purchaser copies of all Employee Plans and all booklets and manuals prepared for, and circulated to, the Employees and their beneficiaries concerning each Employee Plan, together with copies
of all written communications of a general nature provided to such Employees and their beneficiaries, describing the benefits provided under each such Employee Plan referred to therein. 

  
 - 16 - 

	 	(iii)	All of the Employee Plans have, in all material respects, been established, registered, qualified, funded, invested and administered in accordance with, and are in good standing under, all Laws, the terms of such
Employee Plans and with all understandings, written or oral, between Vitran, the Vitran Subsidiaries and the Employees or former Employees. 

  

	 	(iv)	No material amendments have been made to any Employee Plan and no improvements to any Employee Plan have been promised and no amendments or improvements to any Employee Plan will be made or promised by Vitran or any of
the Vitran Subsidiaries prior to the Effective Date. 

  

	 	(v)	No changes have occurred to the Employee Plans or are expected to occur which would materially affect the actuarial reports or any of the financial information relevant to Vitran or the Vitran Subsidiaries.

  

	 	(vi)	None of the Employee Plans provides post-retirement benefits to or in respect of the Employees or any former Employees or to or in respect of the beneficiaries of such Employees and former Employees. 

 

	 	(vii)	All data necessary to administer each Employee Plan is in the possession of Vitran and is in a form sufficient for the proper administration, in all material respects, of each Employee Plan. 

 

	 	(viii)	Vitran and/or the Vitran Subsidiaries may unilaterally amend, modify, vary, revise, revoke, or terminate, in whole or in part, each Employee Plan, subject only to approvals required by Laws. 

 

	 	(ix)	All contributions or premiums required to be made by Vitran or any Vitran Subsidiary under the terms of each Employee Plan or by Laws have been made, in all material respects, in a timely fashion in accordance with Laws
and the terms of the Employee Plans, and neither Vitran nor any Vitran Subsidiary has, and as of the Effective Date will not have, any actual or potential material unfunded liabilities (other than liabilities accruing after the Effective Date) with
respect to any of the Employee Plans. All liabilities of Vitran or any Vitran Subsidiary (whether accrued, absolute, contingent or otherwise) related to all Employee Plans have, in all material respects, been disclosed in accordance with GAAP in the
financial statements of Vitran. 

  

	 	(x)	As of the date hereof, no Employee Plan, nor any related trust or other funding medium thereunder, is subject to any pending, threatened or anticipated investigation, examination or other legal proceeding, initiated by
any Governmental Entity or by any other Person (other than routine claims for benefits) which would, if not decided in Vitran’s favour, individually or in the aggregate, have Material Adverse Effect. 

  
 - 17 - 

	 	(xi)	There have been no withdrawals, applications or transfers of assets from any Employee Plan or the trusts or other funding media relating thereto except in accordance with the terms of such Employee Plan, Laws and all
applicable agreements. 

  

	 	(xii)	Except as disclosed in the Vitran Disclosure Letter, the execution of this Agreement and the completion of the Arrangement and the other Transactions contemplated hereby will not (either alone or in conjunction with any
additional or subsequent events) constitute an event under any Employee Plan that will or may result in any material payment (whether of severance pay or otherwise), acceleration of payment or vesting of benefits, forgiveness of indebtedness,
vesting, distribution, restriction on funds, increase in benefits or obligation to fund benefits with respect to any Employee. 

  

	 	(xiii)	There exists no liability in connection with any former benefit plan relating to the Employees or former Employees of Vitran or any Vitran Subsidiary or their beneficiaries that has terminated, and all procedures for
termination of each such former benefit plan have been, in all material respects, properly followed in accordance with the terms of such former benefit plans and Laws. 

 

	 	(aa)	Reporting and Other Status. Vitran has a class of securities registered pursuant to Section 12(b) of the Exchange Act and is a reporting issuer or its equivalent in each of the provinces of Canada and is not
a reporting issuer in any other jurisdiction of Canada or the equivalent of a reporting issuer in any other foreign jurisdiction. The Common Shares are listed on each of the Exchanges and no other securities of Vitran are listed on either of the
Exchanges. No securities of Vitran are listed or quoted for trading on any stock exchange or quotation system other than the Exchanges. To the knowledge of Vitran and as at the date hereof, the level of ownership by registered holders of Common
Shares resident in the United States is at least 50% of the outstanding Common Shares. 

  

	 	(bb)	 Reports. Vitran has filed (including, as applicable, on SEDAR or EDGAR) or furnished, as applicable, with the Securities Authorities, stock
exchanges and all applicable self-regulatory authorities all forms, reports, schedules, statements, certifications, material change reports and other documents required to be filed or furnished by it (such forms, reports, schedules, statements,
certifications and other documents, including any financial statements or other documents, including any schedules included therein, are referred to as the “Vitran Documents”). The Vitran Documents, at the time filed or furnished,
(a) did not contain any misrepresentation (as defined in the Securities Act (Ontario)) and (b) complied with the requirements of applicable securities Laws and the rules, policies and instruments of all Securities Authorities and
stock exchanges having jurisdiction over Vitran, except where such non-compliance would not, individually or in the aggregate, have a Material Adverse Effect. As of their respective dates (or, if amended prior to the date hereof, as of the date of
such amendment) the Vitran 

  
 - 18 - 

	 	
Documents filed or furnished did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made
therein, in light of the circumstances in which they were made, not misleading. Vitran has not filed any confidential material change or other report or other document with any Securities Authorities or stock exchange or other self-regulatory
authority which at the date hereof remains confidential. 

  

	 	(cc)	Compliance with Laws and Exchange Requirements. Vitran and the Vitran Subsidiaries (A) have complied with and are not in violation of any applicable Laws other than non-compliance or violation which would
not, individually or in the aggregate, have a Material Adverse Effect; and (B) have complied and are in compliance with any applicable listing and corporate governance rules and regulations of each of the Exchanges other than non-compliance
which would not, individually or in the aggregate, have a Material Adverse Effect. Neither Vitran nor any Vitran Subsidiary has received any notice of any alleged violation of applicable Laws or the listing and corporate governance rules and
regulations of either of the Exchanges other than which such violation would not, individually or in the aggregate, result in a Material Adverse Effect. 

  

	 	(dd)	No Cease Trade. No securities of Vitran are subject to any cease trade or other order, ruling or determination of any applicable stock exchange or Securities Authority and, to the knowledge of Vitran, no
investigation or other proceedings involving Vitran which may operate to prevent or restrict trading of any securities of Vitran are currently in progress or pending before any applicable stock exchange or Securities Authority. 

 

	 	(ee)	No Option on Assets. No Person has any agreement or option or any right or privilege capable of becoming an agreement or option for the purchase from Vitran or any Vitran Subsidiary of any of the assets owned by
Vitran or any Vitran Subsidiary and none of the properties or assets owned by Vitran or any Vitran Subsidiary are subject to any right of first refusal, or purchase or other similar acquisition rights. 

 

	 	(ff)	 Material Contracts. Vitran has provided to or made available to Purchaser copies of all contracts, leases, instruments, notes, bonds,
debentures, agreements, arrangements or understandings to which Vitran or any Vitran Subsidiary is a party or under which Vitran or any Vitran Subsidiary is bound which is material to the conduct of the business and affairs of Vitran and the Vitran
Subsidiaries (collectively, the “Vitran Material Contracts”). Other than the Vitran Material Contracts, there are no other contracts, leases, instruments, notes, bonds, debentures, agreements, arrangements or understandings material
to the conduct of the business of Vitran and the Vitran Subsidiaries that if breached or in default would, either individually or in the aggregate, have a Material Adverse Effect, and, except as disclosed in the Vitran Disclosure Letter, there are
no current or pending negotiations with respect to the renewal, termination or amendment of any of the Vitran Material Contracts. Each of Vitran and the Vitran Subsidiaries 

  
 - 19 - 

	 	
have performed all respective obligations required to be performed by them to date under the Vitran Material Contracts, except where such non-performance, individually or in the aggregate, would
have a Material Adverse Effect. Neither Vitran nor any Vitran Subsidiary is in breach or default under any Vitran Material Contract to which it is a party or bound, nor does Vitran have knowledge of any condition that with the passage of time or the
giving of notice or both would result in such a breach or default, except in each case where any such breaches or defaults would not, individually or in the aggregate, have a Material Adverse Effect. Neither Vitran nor any Vitran Subsidiary knows
of, or has received written notice of, any breach or default under (nor, to the knowledge of Vitran, does there exist any condition which with the passage of time or the giving of notice or both would result in such a breach or default under) any
such Vitran Material Contract by any other party thereto except where any such violation or default would not, individually or in the aggregate, have a Material Adverse Effect. All of the Vitran Material Contracts are legal, valid, binding and in
full force and effect and are enforceable by Vitran or the applicable Vitran Subsidiary, as the case may be, in accordance with their respective terms (subject to bankruptcy, insolvency and other Laws affecting creditors’ rights generally, and
to general principles of equity). 

  

	 	(gg)	Certain Contracts. Except as disclosed in the Vitran Disclosure Letter, neither Vitran nor any of the Vitran Subsidiaries is a party to or bound by any non-competition agreement or any other agreement,
obligation, judgment, injunction, order or decree which purports to (i) limit the manner or the localities in which the business of Vitran or the Vitran Subsidiaries are conducted, (ii) limit any business practice of Vitran or any Vitran
Subsidiary in any material respect, or (iii) restrict any acquisition or disposition of any property by Vitran or any Vitran Subsidiary. 

  

	 	(hh)	Financial Advisors. Except as disclosed in the Vitran Disclosure Letter, Vitran has not agreed to pay any financial advisor, broker, agent or finder on account of this Agreement or the Arrangement or any other
Transaction contemplated hereby. Vitran has delivered to Purchaser a true, correct and complete copy of all of its agreements with any financial advisor, broker, agent or finder disclosed in the Vitran Disclosure Letter. 

 

	 	(ii)	MI 61-101. The Arrangement and the other Transactions contemplated in this Agreement do not require Vitran to obtain a formal valuation pursuant to the MI 61-101. There is no “related party” (as defined
in the MI 61-101) of Vitran entitled to receive directly or indirectly a “collateral benefit” (as defined in the MI 61-101) as a consequence of the Arrangement or the other Transactions contemplated in this Agreement. 

  
 - 20 - 

 SCHEDULE B 

Representations and Warranties of Purchaser and Parent 

Purchaser represents and warrants to and in favour of Vitran as follows: 
  

	 	(a)	Organization. Each of Purchaser and Parent has been incorporated and is validly subsisting under the Laws of the jurisdiction in which it was incorporated and each has full corporate and legal power and authority
to own its property and assets and to conduct its business as currently owned and conducted. Each of Purchaser and Parent is registered, licensed or otherwise qualified as an extra-provincial corporation or a foreign corporation in each jurisdiction
where the nature of the business or the location or character of the property and assets owned or leased by it requires it to be so registered, licensed or otherwise qualified, other than those jurisdictions where the failure to be so registered,
licensed or otherwise qualified would not be material to Purchaser or Parent, as applicable. 

  

	 	(b)	Authority. Each of Purchaser and Parent has all necessary power, authority and capacity to enter into this Agreement and all other agreements and instruments to be executed by Purchaser and Parent, as
contemplated by this Agreement, and to perform its obligations hereunder and under such other agreements and instruments, as applicable. The execution and delivery of this Agreement by each of Purchaser and Parent and the completion by Purchaser and
Parent of the Arrangement and the other Transactions contemplated by this Agreement have been authorized by the respective directors of Purchaser and Parent, and no other corporate proceedings (including shareholders meetings) on the part of
Purchaser or Parent are necessary to authorize this Agreement or to complete the Arrangement and the other Transactions contemplated hereby. This Agreement has been executed and delivered by each of Purchaser and Parent and constitutes, a legal,
valid and binding obligation of each of Purchaser and Parent, enforceable against each of them in accordance with its terms, subject to bankruptcy, insolvency, reorganization, fraudulent transfer, moratorium and other applicable Laws relating to or
affecting creditors’ rights generally, and to general principles of equity. The execution and delivery by each of Purchaser and Parent of this Agreement and the performance by each of them of their respective obligations hereunder and the
completion of the Arrangement and the other Transactions contemplated hereby, do not and will not: 

  

	 	(i)	result in a violation, contravention or breach of, require any consent to be obtained or notice under, constitute a default or give rise to any termination rights under any provision of, 

 

	 	(A)	the articles or by-laws of Purchaser or Parent, 

  

	 	(B)	except for the consents, waivers, permits, exemptions, orders or approvals of, and any registrations and filings with, any Governmental Entity contemplated in Section 9(d), any applicable Laws, or

	 	(C)	any note, bond, mortgage, indenture, loan agreement, deed of trust agreement, contract, agreement, licence or permit to which Purchaser or Parent is bound or is subject to or of which Purchaser or Parent is the
beneficiary, 

 except where such violation, contravention or breach, or failure to obtain consent or provide notice would not
have a material impact on the ability of Purchaser or Parent to complete the Arrangement and the other Transactions contemplated herein. 
  

	 	(c)	Governmental Authorizations. No consent, approval, order or authorization of, or declaration or filing with, or waiver of any right of, any Governmental Entity or other Person is required to be obtained or made
by Purchaser or Parent in connection with the execution and delivery of this Agreement or the consummation by each of Purchaser and Parent, as applicable, of the Arrangement and the other Transactions contemplated hereby other than (i) any
approvals required pursuant to the Interim Order or the Final Order, (ii) the Competition Act Approval, (iii) the Transportation Act Approval, (iv) approvals under the HSR, as applicable; (v) approvals that may be required under
applicable securities Laws; and (vi) any other consent, waiver, permit, order or approval which if not obtained, would not have a material impact on the ability of Purchaser or Parent, as applicable, to complete the Arrangement or any other
Transaction contemplated herein. 

  

	 	(d)	Directors’ Approvals. The respective directors of Purchaser and Parent have unanimously authorized the entering into of this Agreement and the performance by each of Purchaser and Parent of its obligations
hereunder. 

  

	 	(e)	Investment Canada. Purchaser is not a “non-Canadian” within the meaning of the Investment Canada Act (Canada). 

 

	 	(f)	Residency. Purchaser is not a “non-resident” within the meaning of the Tax Act. 

  

	 	(g)	Funds Available. Purchaser has sufficient funds, or adequate arrangements for financing are in place to ensure that it will have sufficient funds, to pay the aggregate Consideration under the Arrangement as
provided for in this Agreement. 

  

	 	(h)	Ownership of Vitran Shares. Other than 250 Common Shares, none of Purchaser, Parent or their Affiliates beneficially owns any Common Shares or securities convertible or exchangeable for Common Shares.

  
 - 2 - 

	 	(i)	US Securities Law Compliance. 

  

	 	(i)	Purchaser does not have, nor is it required to have, any class of securities registered under the U.S. Exchange Act, nor is Purchaser subject to any reporting obligation (whether active or suspended) pursuant to the
Exchange Act. 

  

	 	(ii)	Purchaser is not, and has never been, an investment company registered or required to be registered under the Investment Company Act of 1940 of the United States of America, as amended. 

  
 - 3 -EX-4.2

 Exhibit 4.2 

Execution Version 

MONDELĒZ INTERNATIONAL, INC. 

as the Company 

and 
 DEUTSCHE BANK
TRUST COMPANY AMERICAS 
 as the Trustee 

and 
 DEUTSCHE BANK AG,
LONDON BRANCH 
 as the Paying Agent 

and 

DEUTSCHE BANK LUXEMBOURG S.A. 

as the Registrar and Transfer Agent 

SUPPLEMENTAL INDENTURE 

DATED AS OF DECEMBER 11, 2013 

TO INDENTURE 
 DATED AS
OF OCTOBER 17, 2001 
 Relating To 

€400,000,000 Floating Rate Notes due 2015 

€750,000,000 1.125% Notes due 2017 

€1,250,000,000 2.375% Notes due 2021 

 SUPPLEMENTAL INDENTURE 

SUPPLEMENTAL INDENTURE, dated as of December 11, 2013 (the “Supplemental Indenture”), by and among Mondelēz
International, Inc. (formerly known as Kraft Foods Inc.), a Virginia corporation (the “Company”), Deutsche Bank Trust Company Americas, a New York banking corporation organized and existing under the laws of the State of New York
(as successor to The Bank of New York and The Chase Manhattan Bank), as trustee (the “Trustee”), Deutsche Bank AG, London Branch, as paying agent (the “Paying Agent”) and Deutsche Bank Luxembourg S.A., as registrar
and transfer agent (the “Registrar and Transfer Agent”), to the Base Indenture (as defined below). 
 RECITALS 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture, dated as of October 17, 2001 (the
“Base Indenture”), providing for the issuance from time to time of its securities evidencing its unsecured indebtedness, to be issued in one or more series as therein provided; 

WHEREAS, pursuant to the terms of the Base Indenture, the Company desires to provide for the establishment of three series of notes to
be known respectively as its Floating Rate Notes due 2015 (the “Floating Rate Notes”), its 1.125% Notes due 2017 (the “2017 Notes”) and its 2.375% Notes due 2021 (the “2021 Notes” and, together with
the 2017 Notes, the “Fixed Rate Notes”), the form and substance of such Floating Rate Notes and Fixed Rate Notes (collectively, the “Notes”) and the terms, provisions and conditions thereof to be set forth as
provided in the Base Indenture and this Supplemental Indenture (together, the “Indenture”); and 
 WHEREAS, the
Company has requested that the Trustee, the Paying Agent and the Registrar and Transfer Agent execute and deliver this Supplemental Indenture, and all requirements necessary to make this Supplemental Indenture a legal, valid and binding instrument
in accordance with its terms, to make the Notes, when executed by the Company and authenticated and delivered by the Registrar and Transfer Agent on behalf of the Trustee, the legal, valid and binding obligations of the Company, and all acts and
things necessary have been done and performed to make this Supplemental Indenture enforceable in accordance with its terms, and the execution and delivery of this Supplemental Indenture has been duly authorized in all respects. 

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

ARTICLE ONE 

DEFINITIONS 

Section 1.01. Capitalized terms used but not defined in this Supplemental Indenture shall have the meanings ascribed to them in the Base
Indenture. 
 Section 1.02. References in this Supplemental Indenture to article and section numbers shall be deemed to be references
to article and section numbers of this Supplemental Indenture unless otherwise specified. 
 Section 1.03. For purposes of this
Supplemental Indenture, the following terms have the meanings ascribed to them as follows: 
 “2017 Notes” has the meaning
provided in the recitals. 
 “2021 Notes” has the meaning provided in the recitals. 

 “Applicable Procedures” means, with respect to any transfer or transaction
involving a Global Note or beneficial interest therein, the rules and procedures of the Depositary, Euroclear or Clearstream, in each case to the extent applicable to such transaction and as in effect from time to time. 

“Authenticating Agent” means the Person appointed by the Company and the Trustee pursuant to Section 5.01(c) hereof.

 “Base Indenture” has the meaning provided in the recitals. 

“Below Investment Grade Rating Event” means the Notes are rated below an Investment Grade Rating by each of the Rating
Agencies on any date from the date of the 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 Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a below investment grade rating event otherwise arising by virtue of a particular reduction in
rating shall not be deemed to have occurred in respect to a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Triggering Event hereunder) if the
Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing that the reduction was the result, in whole or in part, of any event or circumstance
comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the below investment grade rating event). 

“Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial
banks are authorized or required by law, regulation or executive order to close in New York or the Place of Payment, provided such day is also a London banking day and is a day on which the Trans-European Automated Real-Time Gross Settlement Express
Transfer (TARGET) System, or any successor thereto, operates, and with respect to Notes in certificated form, also means a day on which banking institutions generally are open for business in the location of each office of a transfer agent, but only
with respect to a payment or other action to occur at that office. 
 “Calculation Agent” means Deutsche Bank AG, London
Branch, as appointed and authorized by the Company pursuant to the calculation agency agreement dated as of December 11, 2013, or any other Person appointed and authorized by the Company as calculation agent for the Floating Rate Notes. 

“Change of Control” means the occurrence of any of the following: (i) the direct or indirect sale, transfer, conveyance
or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken as a whole to any Person or group of
related persons for purposes of Section 13(d) of the Exchange Act (a “Group”) other than the Company or one of its subsidiaries; (ii) the approval by the holders of the Company’s common stock of any plan or proposal
for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the Indenture); (iii) the consummation of any transaction (including, without limitation, any merger or consolidation) the result
of which is that any Person or Group becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting stock; or (iv) the first day on which a majority of the members of
the Company’s Board of Directors are not Continuing Directors. 
 “Change of Control Offer” has the meaning provided
in Section 3.01 hereof. 
 “Change of Control Payment” has the meaning provided in Section 3.01 hereof. 

“Change of Control Payment Date” has the meaning provided in Section 3.01 hereof. 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating
Event. 
 “Clearstream” means Clearstream Banking, société anonyme, or any successor securities
clearing agency. 

  
 2 

 “Company” has the meaning provided in the preamble. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Company who
(i) was a member of such Board of Directors on the date of the issuance of the Notes; or (ii) was nominated for election or elected 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 or election (either by a specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee for election as a director, without objection to such
nomination). 
 “Depositary” has the meaning provided in Section 2.06 hereof. 

“Designated Agents” means the Persons named as the Paying Agent and the Registrar and Transfer Agent in the preamble and
their respective successors and assigns. 
 “EURIBOR” means, with respect to any Interest Determination Date, the offered
rate for deposits of euros having a maturity of three months that appears on “Reuters Page EURIBOR01” at approximately 11:00 a.m., Brussels time, on such Interest Determination Date. If on an Interest Determination Date, such rate does not
appear on the “Reuters Page EURIBOR01” as of 11:00 a.m., Brussels time, or if “Reuters Page EURIBOR01” is not available on such date, the Calculation Agent will obtain such rate from Bloomberg L.P.’s page “BBAM.”
If no offered rate appears on “Reuters Page EURIBOR01” or Bloomberg L.P.’s page “BBAM” on an Interest Determination Date, EURIBOR will be determined for such Interest Determination Date on the basis of the rates at
approximately 11:00 a.m., Brussels time, on such Interest Determination Date at which deposits in euros are offered to prime banks in the euro-zone inter-bank market by the principal euro-zone office of each of four major banks in such market
selected by the Calculation Agent (the “Reference Banks”), for a term of three months commencing on the applicable Interest Reset Date and in a principal amount equal to an amount that in the judgment of the Calculation Agent is
representative for a single transaction in euros in such market at such time. The Calculation Agent will request the principal euro-zone office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided,
EURIBOR for such Interest Period will be the arithmetic mean of such quotations. If fewer than two such quotations are provided, EURIBOR for such Interest Period will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., Brussels
time, on such Interest Determination Date by three major banks in the euro-zone, selected by the Calculation Agent, for loans in euros to leading European banks, for a term of three months commencing on the applicable Interest Reset Date and in a
principal amount equal to an amount that in the judgment of the Calculation Agent is representative for a single transaction in euros in such market at such time; provided, however, that if the banks so selected are not quoting as mentioned above,
the then-existing EURIBOR rate will remain in effect for such Interest Period, or, if none, the interest rate will be the initial interest rate determined pursuant to Section 2.04 hereof. 

“Euroclear” means Euroclear Bank, SA/NV, as operator of the Euroclear System, or any successor securities clearing agency.

 “Fitch” means Fitch, Inc. 

“Fixed Rate Notes” has the meaning provided in the recitals. 

“Floating Rate Notes” has the meaning provided in the recitals. 

“Global Note” means a Note that evidences all or part of a series of Notes and is authenticated and delivered to, and
registered in the name of, the Depositary for such Notes or a nominee thereof. 
 “Indenture” has the meaning provided in
the recitals. 
 “Interest Determination Date” means the date determined by the Calculation Agent for each Interest Period
on the second TARGET System Day prior to the first day of such Interest Period. 
 “Interest Period” has the meaning
provided in Section 2.04 hereof. 

  
 3 

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

“Investment Grade Rating” means a rating equal to or higher than BBB- (or the equivalent) by Fitch, Baa3 (or the equivalent)
by Moody’s and BBB- (or the equivalent) by S&P, respectively. 
 “London Business Day” has the meaning provided in
Section 5.02 hereof. 
 “Market Exchange Rate” means the noon buying rate in The City of New York for cable transfers
of euro as certified for customs purposes (or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Notes” has the meaning provided in the recitals. For the avoidance of doubt, “Notes” shall include the additional
Notes, if any. 
 “Paying Agent” has the meaning provided in the preamble. 

“Person” has the meaning set forth in the Base Indenture and includes a “person” as used in Section 13(d)(3)
of the Exchange Act. 
 “Place of Payment” means the place where the principal, premium (if any) and interest in respect of
the Notes are payable, which shall initially be the principal corporate trust office or agency of the Paying Agent in London, England. 

“Rating Agencies” means (i) each of Fitch, Moody’s and S&P; and (ii) if any of Fitch, Moody’s or
S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-
1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or all of them, as the case may be. 

“Registrar and Transfer Agent” has the meaning provided in the preamble. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. 

“Security Register” has the meaning provided in Section 5.01(b) hereof. 

“Security Registrar” means the Registrar and Paying Agent. 

“Shortfall” has the meaning provided in Section 5.03 hereof. 

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

“TARGET System Day” is any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET)
System, or any successor thereto, is open for business and a day on which commercial banks are open for dealings in euro deposits in the London interbank market. 

“Trustee” has the meaning provided in the preamble. 

  
 4 

 ARTICLE TWO 

GENERAL TERMS AND CONDITIONS OF THE NOTES 

Section 2.01. Designation and Principal Amount. 

(a) Title and Initial Aggregate Principal Amount. The Notes are hereby authorized and are respectively designated the “Floating
Rate Notes due 2015,” the “1.125% Notes due 2017” and the “2.375% Notes due 2021.” The Floating Rate Notes issued on the date hereof will initially be limited to an aggregate principal amount of €400,000,000, the 2017
Notes issued on the date hereof will initially be limited to an aggregate principal amount of €750,000,000 and the 2021 Notes issued on the date hereof will initially be limited to an aggregate principal amount of €1,250,000,000. 

(b) Additional Notes. Without the consent of the holders of any series of Notes, the Company may issue, from time to time in accordance
with the provisions of the Indenture, additional Notes having the same ranking and the same interest rate, maturity and other terms as such series of Notes (except for the issue date, issue price, and, in some cases, the first payment of interest or
interest accruing prior to the issue date of such additional Notes). Such additional Notes may only be issued if they would be fungible with the applicable series of Notes for U.S. federal income tax purposes. Any additional Notes having such
similar terms, together with the applicable series of Notes issued on the date hereof, will constitute a single series of Notes under the Indenture. No additional Notes may be issued if an Event of Default has occurred with respect to the applicable
series of Notes. 
 Section 2.02. Maturity. 

(a) Floating Rate Notes. Unless an earlier redemption has occurred, the principal amount of the Floating Rate Notes shall mature and be
due and payable, together with any accrued interest thereon, on June 11, 2015. 
 (b) 2017 Notes. Unless an earlier redemption
has occurred, the principal amount of the 2017 Notes shall mature and be due and payable, together with any accrued interest thereon, on January 26, 2017. 

(c) 2021 Notes. Unless an earlier redemption has occurred, the principal amount of the 2021 Notes shall mature and be due and payable,
together with any accrued interest thereon, on January 26, 2021. 
 Section 2.03. Form and Payment. 

(a) Forms, Terms and Provisions. The Notes shall be issued as Global Notes, in fully registered form only (except that we may issue
definitive Notes in the limited circumstances set forth in paragraph (d) below) and in minimum denominations of €100,000 and integral multiples of €1,000 in excess thereof. The Notes and the Trustee’s Certificates of
Authentication to be endorsed thereon are to be substantially in the form of Exhibit A, Exhibit B and Exhibit C, respectively, which forms are hereby incorporated in and made a part of this Supplemental Indenture. The terms and
provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Supplemental Indenture, and the Company, the Trustee and the Designated Agents, by their execution and delivery of this Supplemental Indenture,
expressly agree to such terms and provisions and to be bound thereby. 
 (b) Payment Method. Payment of the principal, premium (if
any) and interest in respect of the Notes shall be made at the office or agency of the Company maintained for that purpose in London, England, which shall initially be the principal corporate trust office or agency of the Paying Agent in London,
England; provided that, at the option of the Company, payment of interest, other than interest at maturity or upon redemption, may be made by check mailed to the address of the Holder entitled thereto as such address appears on the Security Register
at the close of business on the Regular Record Date specified for each series of Notes; provided, further, that (1) the Depositary, as Holder of the Notes, or (2) a Holder of more than €5,000,000 in aggregate principal amount of a
series of Notes in definitive form is entitled to require the Paying Agent to make payments of interest, other than interest due at maturity or upon redemption, by wire transfer of immediately available funds into an account maintained by the Holder
in the United States, by sending appropriate wire transfer instructions as long as the Paying Agent receives the instructions not less than ten days prior to the applicable interest payment date. The principal and interest payable on any of the
Notes at maturity, or upon redemption, shall be paid by wire transfer of immediately available funds against presentation of a Note at the office of the Registrar and Transfer Agent. Notwithstanding the foregoing, payment of any amount payable in
respect of a Global Note shall be made in accordance with the Applicable Procedures of the Depositary. 

  
 5 

 (c) Payment in Euro. Principal, premium (if any) and interest payments in respect of the
Notes shall be payable in euro. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s control or the euro is no longer used by the member states of the European Monetary
Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes will be made in U.S. dollars until euro is
again available to the Company or so used. The amount payable on any date in euro will be converted into U.S. dollars on the basis of the most recently available Market Exchange Rate for the euro, in each case as certified by the Company to the
Trustee and the Paying Agent pursuant to an Officers’ Certificate at least five Business Days prior to such payment date. Any payments in respect of the Notes so made in U.S. dollars shall not constitute an Event of Default under the terms of
the Notes or the Indenture. Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or conversion in connection with the foregoing. 

(d) Certificated Notes. The Company shall issue the Notes in definitive form in exchange for the applicable Global Notes if the
Depositary is at any time unwilling or unable to continue as depositary for any of the Global Notes and a successor depositary is not appointed by us within 90 days or if an Event of Default has occurred with regard to the Notes represented by the
Global Notes and has not been cured or waived. In addition, the Company may at any time and in its sole discretion determine not to have the Notes represented by the Global Notes and, in that event, shall issue the Notes in definitive form in
exchange for the Global Notes. In any such instance, a Holder of a beneficial interest in the Global Notes will be entitled to physical delivery in definitive form of the Notes represented by the Global Notes equal in principal amount to such
beneficial interest and to have such Notes registered in its name. The Notes so issued in definitive form shall be issued as registered in minimum denominations of €100,000 and integral multiples of €1,000 in excess thereof, unless
otherwise specified by the Company. Definitive Notes may be transferred by presentation for registration to the Registrar and Transfer Agent at its office and must be duly endorsed by the Holder or the Holder’s attorney duly authorized in
writing, or accompanied by a written instrument or instruments of transfer in form satisfactory to the Company or the Registrar and Transfer Agent duly executed by the Holder or the Holder’s attorney duly authorized in writing. The Company may
require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any exchange or registration of transfer of definitive Notes. 

Section 2.04. Interest on the Floating Rate Notes. 

(a) Interest Payment Dates. Interest on the Floating Rate Notes shall be payable quarterly in arrears on
March 11, June 11, September 11, and December 11, beginning on March 11, 2014, to the persons in whose names the Floating Rate Notes are registered at the close of business 15 calendar days before such interest
payment date (whether or not a Business Day) or to the Depositary, as the case may be; provided, however, that if any interest payment date (other than June 11, 2015 or any earlier repayment date) falls on a day that is not a Business Day, the
payment of interest that would otherwise be payable on such date will be postponed to the next succeeding Business Day and interest will accrue to but excluding the date interest is paid, except that if such Business Day falls in the next succeeding
calendar month, the applicable interest payment date will be the immediately preceding Business Day. If June 11, 2015 or any earlier repayment date of the Floating Rate Notes falls on a day that is not a Business Day, the payment of principal
or interest otherwise payable on such date shall be postponed to the next succeeding Business Day, and no interest on such payment shall accrue from and after June 11, 2015 or any earlier repayment date, as applicable. 

(b) Interest Reset Dates. The interest rate will be reset quarterly on March 11, June 11, September 11, and
December 11, beginning on March 11, 2014 (each, an “Interest Reset Date”); provided, however, that if any Interest Reset Date would otherwise be a day that is not a Business Day, such Interest Reset Date will be the next
succeeding day that is a Business Day, except that if the next succeeding Business Day falls in the next succeeding calendar month, the applicable Interest Reset Date will be the immediately preceding Business Day. 

(c) Initial Interest Period and Interest Rate. The initial interest period will be the period from and including December 11, 2013
to but excluding the first Interest Reset Date. The interest rate in effect during the initial interest period will be equal to EURIBOR plus 50 basis points (0.50%), determined two TARGET System Days prior to December 11, 2013. 

  
 6 

 (d) Subsequent Interest Periods and Interest Rates. After the initial interest period, the
interest periods will be the periods from and including an Interest Reset Date to but excluding the immediately succeeding Interest Reset Date, except that the final interest period will be the period from and including the Interest Reset Date
immediately preceding June 11, 2015 to but excluding June 11, 2015 (the initial interest period, each subsequent interest period and the final interest period, each an “Interest Period”). The interest rate per annum for
the Floating Rate Notes in any Interest Period will be equal to EURIBOR plus 50 basis points (0.5%), as determined by the Calculation Agent. The interest rate in effect for the 15 calendar days prior to any repayment date earlier than June 11,
2015 will be the interest rate in effect on the fifteenth day preceding such earlier repayment date. 
 (e) Maximum Interest Rate. The
interest rate on the Floating Rate Notes will be limited to the maximum rate permitted by New York law, as the same may be modified by United States law of general application. 

(f) Rounding. All percentages resulting from any calculation of any interest rate for the Floating Rate Notes will be rounded, if
necessary, to the nearest thousandth of a percentage point, with five one-thousandths of a percentage point rounded upward (e.g., 5.8765% (or .058765) would be rounded to 5.877% (or .05877)), and all euro amounts will be rounded to the nearest cent,
with one-half cent being rounded upward. Each calculation of the interest rate on the Floating Rate Notes by the Calculation Agent will (in the absence of manifest error) be final and binding on the Holders of the Notes and the Company. 

(g) Payment Convention. The amount of interest payable in respect of each Floating Rate Note will be calculated by applying the
applicable interest rate for such Interest Period to the outstanding principal amount of such Floating Rate Notes, multiplying the product by the actual number of days in such Interest Period and dividing by 360, and rounding the resulting figure to
the nearest cent (half a cent being rounded upwards). This payment convention is referred to as Actual/360. 
 Section 2.05.
Interest on the Fixed Rate Notes. 
 (a) 2017 Notes. Interest on the 2017 Notes shall accrue at the rate of 1.125% per
annum, from December 11, 2013 or the most recent interest payment date on which interest was paid. Interest on the 2017 Notes shall be payable annually in arrears on January 26 of each year, beginning on January 26, 2015, to the
Holders in whose names the 2017 Notes are registered at the close of business on the preceding January 11; provided that if any such interest payment date (other than January 26, 2017 or any earlier repayment date) is not a Business Day,
the interest payment date will be postponed to the next succeeding Business Day, and no interest will accrue as a result of such delayed payment on amounts payable from and after such interest payment date to the next succeeding Business Day. If
January 26, 2017 or any earlier repayment date of the 2017 Notes falls on a day that is not a Business Day, the payment of principal or interest otherwise payable on such date shall be postponed to the next succeeding Business Day, and no
interest on such payment shall accrue from and after January 26, 2017 or any earlier repayment date, as applicable. 
 (b) 2021
Notes. Interest on the 2021 Notes shall accrue at the rate of 2.375% per annum, from December 11, 2013 or the most recent interest payment date on which interest was paid. Interest on the 2017 Notes shall be payable annually in arrears
on January 26 of each year, beginning on January 26, 2015, to Holders in whose names the 2021 Notes are registered at the close of business on the preceding January 11; provided that if any such interest payment date (other than
January 26, 2021 or any earlier repayment date) is not a Business Day, the interest payment date will be postponed to the next succeeding Business Day, and no interest will accrue as a result of such delayed payment on amounts payable from and
after such interest payment date to the next succeeding Business Day. If January 26, 2021 or any earlier repayment date of the 2021 Notes falls on a day that is not a Business Day, the payment of principal or interest otherwise payable on such
date shall be postponed to the next succeeding Business Day, and no interest on such payment shall accrue from and after January 26, 2021 or any earlier repayment date, as applicable. 

(c) Payment Convention. Interest on the Fixed Rate Notes shall be computed on the basis of the actual number of days in the period for
which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Fixed Rate Notes (or from December 11, 2013, if no interest has been paid on the Fixed Rate Notes), to but
excluding the next scheduled interest payment date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 

  
 7 

 Section 2.06. Depositary. 

The Depositary in respect of the Notes shall be Deutsche Bank AG, London Branch, as common depositary for Clearstream and Euroclear, or any of
its successors and assigns (the “Depositary”). Paragraph 7 of Section 303 of the Base Indenture shall not apply in respect of the Notes. For the avoidance of doubt, the Depositary shall not be required to be a clearing agency
registered under the Securities Exchange Act of 1934, as amended, or any other applicable statute or regulation. 
 ARTICLE THREE

 COVENANTS 
 In
addition to the covenants set forth in Article Ten of the Base Indenture, there are established pursuant to Section 901(2) of the Base Indenture the following covenants for the benefit of the Holders of the Notes and to which the Notes shall be
subject. 
 Section 3.01. Change of Control. 

(a) If a Change of Control Triggering Event occurs, unless the Company has exercised its right to redeem the Notes upon the occurrence of
specified events under Section 4.01 hereof, Holders shall have the right to require the Company to repurchase all or any part (equal to €100,000 or an integral multiple of €1,000 in excess thereof) of their Notes pursuant to an offer
(the “Change of Control Offer”) of payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to the date of purchase (the “Change
of Control Payment”). Within 30 days following any Change of Control Triggering Event, the Company shall mail a notice to Holders (with a copy to the Trustee) describing the transaction or transactions that constitute the Change of Control
Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date shall 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 described in such notice. The Company shall comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934 (the “Exchange Act”) and any other securities laws and
regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any securities laws or
regulations conflict with the Change of Control provisions of the Notes, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control provisions of
the Notes by virtue of such conflicts. 
 (b) On the Change of Control Payment Date, the Company shall, to the extent lawful: accept for
payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and
deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased. 

(c) The Paying Agent shall promptly mail to each Holder of Notes properly tendered the purchase price for the Notes, and the Trustee shall
promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each new Note will be in a principal amount of
€100,000 or an integral multiple of €1,000 in excess thereof. 
 (d) Notwithstanding the foregoing, the Company shall not be
required to make an offer to repurchase the Notes upon 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 an offer made by the Company and such
third party purchases all Notes properly tendered and not withdrawn under its offer. 

  
 8 

 Section 3.02. Payment of Additional Amounts. 

(a) Section 1010 of the Base Indenture shall be applicable to the Notes, except that: (i) the term “Holder,” when used in
Section 1010 of the Indenture, shall mean the beneficial owner of a Note or any person holding on behalf or for the account of the beneficial owner of a Note; and (ii) paragraph (l) shall be replaced and paragraph (m) shall be
added as follows: 
 “(l) any tax, assessment or other governmental charge imposed pursuant to the provisions of
Sections 1471 through 1474 of the Code; or 
 “(m) any combination of items (a) through (l) above.” 

(b) If the Company is required to pay additional amounts with respect to the Notes, the Company shall notify the Trustee and the Paying Agent
pursuant to an Officers’ Certificate that specifies the additional amounts payable. If the Trustee and the Paying Agent do not receive such an Officer’s Certificate, the Trustee and the Paying Agent shall be fully protected in assuming
that no such additional amounts are payable. 
 Section 3.03. Maintenance of Office or Agency. 

In addition to the provisions of Section 1002 of the Base Indenture, to the extent permitted by law, the Company shall maintain a paying
agent in a member state of the European Union (if any) that will not require withholding or deduction of tax pursuant to European Council Directive 2003/48/EC on the taxation of savings income or any law implementing or complying with, or introduced
to conform to, such European Council Directive. 
 Section 3.04. New York Stock Exchange Listing. 

The Company shall use its reasonable best efforts to cause the Notes to be listed and admitted to trading on the New York Stock Exchange and
shall from time to time take such other actions as shall be necessary or advisable to maintain the listing of the Notes thereon or another recognized securities exchange. For so long as the Notes are listed on the New York Stock Exchange and the
rules of the New York Stock Exchange so require, the Company shall publish notices with respect to the Notes on the website of the New York Stock Exchange. The Company will promptly notify the Trustee in writing when the Notes are listed on any
stock exchange and of any delisting thereof. 
 ARTICLE FOUR 

REDEMPTION 

Section 4.01. Redemption for Tax Reasons. 

(a) The Company may redeem a series of Notes prior to maturity in whole, but not in part, on not more than 60 days’ notice and not less
than 30 days’ notice (with written notice to the Trustee and the Paying Agent no less than 15 days (or such shorter period as agreed by the Trustee and the Paying Agent) prior to the sending of such redemption notice in the event the Trustee is
engaged by the Company to send such notice or cause such notice to be sent in the Company’s name and at its expense) at a redemption price equal to the principal amount of such Notes plus any accrued interest and additional amounts to, but not
including, the date fixed for redemption if: 
 (i) as a result of a change in or amendment to the tax laws, regulations or
rulings of the United States or any political subdivision or taxing authority of or in the United States or any change in official position regarding the application or interpretation of such laws, regulations or rulings (including a holding by a
court of competent jurisdiction in the United States) that is announced or becomes effective on or after the date of the issuance of such Notes the Company has or will become obligated to pay additional amounts with respect to the Notes under
Section 1010 of the Base Indenture, as supplemented by Section 3.02 hereof, and the Company, in its business judgment, determines that such obligations cannot be avoided by the use of reasonable measures available to the Company; or 

  
 9 

 (ii) on or after the date of the issuance of such Notes, any action is taken by a
taxing authority of, or any decision has been rendered by a court of competent jurisdiction in, the United States or any political subdivision of or in the United States, including any of those actions specified above, whether or not such action was
taken or decision was rendered with respect to the Company, or any change, amendment, application or interpretation is officially proposed, which, in any such case, in the written opinion of independent legal counsel of recognized standing, will
result in a material probability that the Company will become obligated to pay additional amounts with respect to the Notes, and the Company, in its business judgment, determines that such obligations cannot be avoided by the use of reasonable
measures available to the Company. 
 (b) If the Company exercises its option to redeem the Notes, the Company shall deliver to the Trustee
an Officers’ Certificate stating that it is entitled to redeem the Notes and an opinion of independent tax counsel to the effect that the circumstances described in the above subparagraphs (i) and (ii) of Section 4.01(a) exist.

 ARTICLE FIVE 

DESIGNATED AGENTS 

Section 5.01. Appointment and Resignation of the Designated Agents. 

(a) Paying Agent. The Company hereby appoints Deutsche Bank AG, London Branch as the Paying Agent in respect of the Notes. The Company
may, with the prior approval of the Trustee, terminate the appointment of the Paying Agent at any time or appoint additional or other Paying Agents by giving to the Paying Agent at least 90 days’ prior written notice to that effect provided
that so long as any of the Notes is outstanding. 
 (b) Registrar and Transfer Agent. The Company hereby appoints Deutsche Bank
Luxembourg S.A. as the Registrar and Transfer Agent for the purpose of registering Notes and transfers of registered Notes as provided under Section 305 of the Base Indenture, and all references to “Security Registrar” in the Base
Indenture with respect to the Notes shall be deemed to refer to the Registrar and Transfer Agent. The Registrar and Transfer Agent will maintain a register at its office, which is currently located at Deutsche Bank Luxembourg S.A., 2 Boulevard
Konrad-Adenauer, L-1115 Luxembourg (the register maintained in such office being referred to as the “Security Register”). 
 (c)
Authenticating Agent. The Company and the Trustee hereby appoint Deutsche Bank Luxembourg S.A. as the Authenticating Agent pursuant to Section 614 of the Base Indenture; provided that (i) the sentence “Any such Authenticating
Agent shall at all times be a corporation organized and doing business under the laws of the United States or of any State, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000
and subject to supervision or examination by federal or State authority” in the first paragraph of Section 614 of the Base Indenture shall not apply and (ii) Section 614 of the Base Indenture shall be amended to permit the
Authenticating Agent the power to act on the Trustee’s behalf under Section 303 (in addition to the powers under Sections 304, 305 and 1107) of the Base Indenture with respect to authentication and delivery of the Notes, as fully to all
intents and purposes as though such Authenticating Agent had been expressly authorized by those Sections of the Base Indenture to authenticate and deliver Notes. 

(d) Resignation of Designated Agents; Appointment of Successors. All or any of the Designated Agents may resign their respective
appointments under the Notes and this Indenture at any time by giving to the Company and, where appropriate, the Paying Agent and the Trustee at least 90 days’ prior written notice to that effect provided that, so long as any of the Notes are
outstanding, the notice shall not, in the case of the Paying Agent, expire less than 45 days before any due date for the payment of interest. Following receipt of a notice of resignation from a Designated Agent, the Company shall promptly, and in
any event not less than 30 days before the resignation takes effect, give notice to the Holders of the Notes in accordance with the Indenture. If any Designated Agent shall resign or be removed, the Company shall promptly and in any event within 30
days appoint a successor approved by the Trustee. If the Company fails to appoint a successor within such period, the Paying Agent may select a leading bank approved by the Company and the Trustee to act as Paying Agent hereunder and the Company
shall appoint that bank as the successor Paying Agent. 

  
 10 

 Section 5.02. Payment by the Company to the Paying Agent. 

(a) The Company shall, not later than 10:00 a.m. (New York City time) the Business Day immediately preceding each date on which any payment of
principal, premium, if any, or interest in respect of any of the Notes becomes due, transfer to an account specified by the Paying Agent such amounts as shall be sufficient for the purposes of the payment of principal, premium, if any, or interest
in same day funds. 
 (b) The Company shall ensure that, not later than the second London Business Day immediately preceding the date on
which any payment is to be made to the Paying Agent pursuant to paragraph (a) above, the Paying Agent shall receive a copy of an irrevocable payment instruction to the bank through which the payment is to be made. For the purposes of this
paragraph (b), “London Business Day” means a day on which banks are open for business in London. 
 (c) If any payment provided for
by paragraph (a) above is made late but otherwise under the terms of this Supplemental Indenture, the Paying Agent shall nevertheless act as a Paying Agent. However, (i) unless and until the full amount of any payment has been made to the
Paying Agent in accordance with paragraph (a) above or (ii) unless and until the Paying Agent is satisfied that such payment will be made, it shall not be bound to make payments in respect of the Notes as aforesaid. 

Section 5.03. Obligations of the Paying Agent and the Company. 

(a) General Duties of the Paying Agent. Subject to the payments to the Paying Agent being duly made, the Paying Agent shall act as
paying agent of the Company in respect of the Notes and pay or cause to be paid on behalf of the Company, on and after each date on which any payment becomes due and payable, the amounts of principal, premium (if any) or interest then payable on
surrender or, in the case of a Global Note, endorsement, of Notes under the terms and conditions of the Notes and the Indenture. If any payment provided for by Section 5.02 hereof is made late but otherwise under the terms of the Notes and the
Indenture, the Paying Agent shall nevertheless act as paying agent following receipt by them of payment. While any Notes are represented by a Global Note, all payments due in respect of the Notes shall be made to, or to the order of, the holder of
the Global Note, subject to and in accordance with the provisions of the Global Note. On the occasion of each payment, the Paying Agent shall instruct Clearstream and Euroclear to make the appropriate entries in their records to reflect such
payment. 
 (b) Payment Default. If default is made by the Company in respect of any payment, unless and until the full amount of the
payment has been made under the terms of the Notes and the Indenture (except as to the time of making the same) or other arrangements satisfactory to the Paying Agent have been made, the Paying Agent shall not be bound to act as paying agent. 

(c) Payment Shortfall. Notwithstanding the foregoing, if the Paying Agent pays any amounts to the Holders of Notes at a time when it has
not received payment in full in respect of the Notes (the excess of the amounts so paid over the amounts so received being the “Shortfall”), the Company shall, in addition to paying amounts due under Section 5.02 hereof, pay to the
Paying Agent on demand interest (at a rate which represents the Paying Agent’s cost of funding the Shortfall) on the Shortfall (or the unreimbursed portion thereof) until the receipt in full by the Paying Agent of the Shortfall. 

(d) Notification of Non-Payment. The Paying Agent shall notify the Trustee, by facsimile or electronically in PDF format, forthwith:
(i) if it has not by the relevant date specified in Section 5.02 hereof received unconditionally the full amount required for the payment; and (ii) if it receives unconditionally the full amount of any sum due in respect of the Notes
after such date. The Paying Agent shall, at the expense of the Company, forthwith upon receipt of any amount as described under this subclause (ii), cause notice of that receipt to be published. 

(e) Duties in Connection with Redemption for Tax Reasons. If the Company decides to redeem any series of notes pursuant to
Section 4.01 hereof, the Paying Agent shall instruct Clearstream and Euroclear to make appropriate entries in their records in respect of all Notes redeemed by the Company to reflect such redemptions. 

  
 11 

 (f) Publication of Notices. On behalf of and at the request and expense of the Company,
the Paying Agent shall cause to be published all notices required to be given by the Company under the terms and conditions contained in the Notes. 

(g) Cancellation of Notes. All Notes that are surrendered to the Paying Agent in connection with redemption shall be canceled by the
Paying Agent. Where Notes are purchased by or on behalf of the Company or any of its subsidiaries, the Company shall immediately notify the Paying Agent of the principal amount of those Notes it has purchased and may procure that the Notes are
promptly canceled and delivered to the Paying Agent or its authorized agent. The Paying Agent or its authorized agent shall (unless otherwise instructed by the Company) destroy all canceled Notes and furnish the Company with a certificate of
destruction containing written particulars of the serial numbers of the Notes and the number so destroyed. 
 (h) Change of Office. If
the Paying Agent shall change its specified office, it shall give to the Company and the Trustee not less than 45 days’ prior written notice to that effect giving the address of the new specified office. As soon as practicable thereafter and in
any event at least 30 days before the change, the Paying Agent shall give to the Holders of Notes on behalf of and at the expense of the Company notice of the change and the address of the new specified office. 

(i) Additional Duties of the Paying Agent. The Paying Agent undertakes to the Company that it will, in connection with the issue of the
Notes, perform the duties which are stated to be performed by it in Schedule 1. 
 (j) Commissions and Expenses. The Company shall pay
to the Paying Agent such commissions in respect of the services of the Paying Agent as shall be agreed from time to time between the Company and the Paying Agent, and shall also pay an amount equal to any value added tax which may be payable in
respect of the commissions together with all reasonable expenses incurred by the Paying Agent in connection with its services. All payments by the Company under this paragraph and to the Trustee pursuant to Section 607 of the Base Indenture
shall be made free and clear of, and without withholding or deduction for, any taxes, duties, assessments or governmental charges of whatsoever nature imposed, levied, collected, withheld or assessed by any government having power to tax, unless
such withholding or deduction is required by law. In that event, the Company shall pay such additional amounts as will result in receipt by the Paying Agent of such amounts as would have been received by it if no such withholding had been required.

 (k) No Obligation to Act Under Certain Circumstances. Notwithstanding any other provision of the Notes or the Indenture, the Paying
Agent shall not be under any obligation to take any action under the Notes or the Indenture that it expects will result in any expense or liability accruing to it, the payment of which within a reasonable time is not, in its opinion, assured to it.

 Section 5.04. Indemnity and Limitation of Liability. 

(a) Indemnification of Paying Agent. The Company undertakes to indemnify the Paying Agent against all losses, liabilities, costs,
claims, actions, damages, expenses or demands which it may incur or which may be made against it as a result of or in connection with the appointment of or the exercise of its powers and duties under the Notes and the Indenture except as may result
from its own willful default, gross negligence or fraud. This indemnity shall survive any termination of this Agreement. 
 (b) Limitation
of Liability. The Designated Agents shall not be liable for any loss caused by events beyond their reasonable control including any malfunction, interruption or error in the transmission of information caused by any machine or systems or
interception of communication facilities, abnormal operating conditions or events of force majeure. Under no circumstances will the Designated Agents be liable to the Company in contract, tort (including negligence) or otherwise for any
consequential, special, indirect or speculative loss or damage (including but not limited to loss of business, goodwill, opportunity or profit) which arises out of or in connection with the Indenture even if advised of the possibility of such loss
or damage. Each of the Designated Agents shall be protected and shall incur no liability for or in respect of action taken, omitted or suffered in reliance upon any instruction, request or order from the Company or the Trustee or any document which
it reasonably believes to be genuine and to have been delivered by the proper party or parties or upon written instructions from the Company or the Trustee. 

  
 12 

 Section 5.05. General Provisions Applicable to the Designated Agents. 

(a) Several and Not Joint. The obligations and duties of the Designated Agents under the Notes and the Indenture shall be several and
not joint. 
 (b) No Implied Duties or Other Assumed Obligations. The Designated Agents shall only be obliged to perform duties set
out under the Notes and the Indenture, and shall have no implied duties. In acting under the terms of the Notes and the Indenture, the Designated Agents shall act solely as agents of the Company and will not assume any obligations towards or
relationship of agency or trust for or with any of the owners or Holders of the Notes. 
 (c) Consultation with Advisers. Each of the
Designated Agents may consult with legal and other professional advisers and the opinion of the advisers shall be full and complete protection in respect of action taken, omitted or suffered under the Indenture in good faith and in accordance with
the opinion of the advisers. 
 (d) Other Engagements. Any of the Designated Agents, their officers, directors or employees may become
the owner of, or acquire any interest in, Notes with the same rights that it or he would have if the Designated Agent concerned were not appointed under this Supplemental Indenture, and may engage or be interested in any financial or other
transaction with the Company or the Trustee, and may act on, or as depositary, trustee or agent for, any committee or body of holders of Notes or other obligations of the Company as freely as if the Designated Agent were not appointed under this
Supplemental Indenture. 
 ARTICLE SIX 

MISCELLANEOUS 

Section 6.01. Application of Supplemental Indenture. 

The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed. This Supplemental Indenture shall be
deemed part of the Base Indenture in the manner and to the extent herein and therein provided. 
 Section 6.02. Trust Indenture Act
Controls. 
 If any provision hereof limits, qualifies or conflicts with the duties imposed by Sections 310 through 317 of the Trust
Indenture Act, the imposed duties shall control. 
 Section 6.03. Conflict with Base Indenture. 

To the extent not expressly amended or modified by this Supplemental Indenture, the Base Indenture shall remain in full force and effect,
including, without limitation, the rights, privileges and protections afforded to the Trustee thereunder. If any provision of this Supplemental Indenture relating to the Notes is inconsistent with any provision of the Base Indenture, the provision
of this Supplemental Indenture shall control. 
 Section 6.04. Governing Law; Waiver of Jury Trial. 

THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL
BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE OR THE TRANSACTION CONTEMPLATED HEREBY. 

  
 13 

 Section 6.05. Successors. 

All agreements of the Company in the Base Indenture, this Supplemental Indenture and the Notes shall bind its successors. All agreements of the
Trustee in the Base Indenture and this Supplemental Indenture shall bind its successors. All agreements of the Designated Agents in this Supplemental Indenture shall bind their respective successors. 

Section 6.06. Counterparts. 

This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all
purposes. 
 Section 6.07. Trustee Disclaimer. 

The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture and the Notes other than as to the
validity of its execution and delivery by the Trustee. The recitals and statements herein and in the Notes are deemed to be those of the Company and not the Trustee and the Trustee assumes no responsibility for the same. Neither the Trustee nor any
Authenticating Agent shall be accountable for the use or application by the Company of Notes or the proceeds thereof. 
 Section 6.08.
Modification to Base Indenture. 
 With respect to the Notes, Section 603 of the Base Indenture is hereby amended by the
following: 
 (a) Deleting the word “and” at the end of paragraph (g) and inserting the word “and” at the end of
paragraph (h); and 
 (b) including the following as a new paragraph (i): 

“(i) in no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or
damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action.” 

Section 6.09. U.S.A. Patriot Act. 

The parties hereto acknowledge that in order to help the United States government fight the funding of terrorism and money laundering
activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act) all financial institutions are required to obtain, verify, record and update information that identifies each person
establishing a relationship or opening an account. The parties to this Supplemental Indenture agree that they will provide to the Trustee such information as it may request, from time to time, in order for the Trustee to satisfy the requirements of
the USA PATRIOT Act, including but not limited to the name, address, tax identification number and other information that will allow it to identify the individual or entity who is establishing the relationship or opening the account and may also ask
for formation documents such as articles of incorporation or other identifying documents to be provided. 
 Section 6.10. Force
Majeure. 
 The Trustee shall not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility
hereunder by reason of any occurrence beyond the control of the Trustee (including but not limited to any act or provision of any present or future law or regulation or governmental authority, any act of God or war, civil unrest, local or national
disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). 

  
 14 

 Section 6.11. Notices. 

(a) Any notice required to be given under this Supplemental Indenture to any of the parties shall be in English in writing and shall be
delivered in person, sent by pre-paid post (first class if domestic, first class airmail if international) or by facsimile addressed to: 
  

			
	The Company:	  	 Mondelēz International, Inc.
 Three Parkway
North
 Deerfield, Illinois 60015
 United States

Email: william.whisler@mdlz.com
 Fax: +1 (847) 943 4903

Attention: William Whisler, Assistant Treasurer

		
	The Trustee:	  	 Deutsche Bank Trust Company Americas
 60 Wall
Street, 16th floor
 New York, New York 10005
 United States

Fax: +1 (732) 578 4635
 Attention: Corporates Team / Mondelēz
International, Inc.

		
	The Paying Agent:	  	 Deutsche Bank AG, London Branch
 Winchester
House
 1 Great Winchester Street
 London EC2N 2DB

United Kingdom
 Email: TSS-GDS.ROW@db.com

Fax: +44 (20) 7 547 76149
 Attention: Debt and Agency
Services

		
	The Registrar and Transfer Agent:        	  	 Deutsche Bank Luxembourg S.A
 2 Boulevard
Konrad-Adenauer,
 L-1115 Luxembourg
 Email:
TSS-GDS.ROW@db.com
 Fax: +44 (20) 7 547 76149
 Attention: Debt
and Agency Services

 (b) Notwithstanding any other provision of the Notes or the Indenture, so long as a Global Note is held on
behalf of Clearstrem or Euroclear or any other clearing system, notices to Holders of Notes represented by a Global Note may be given by delivery of the relevant notice to Clearstream or Euroclear or, as the case may be, any other clearing system.
Any obligation the Company (and the Paying Agent on its behalf) may have to publish a notice to Holders of Notes shall have been met upon delivery of the notice to the relevant clearing system. 

(Remainder of page intentionally left blank) 

  
 15 

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

			
	MONDELĒZ INTERNATIONAL, INC.
		
	By:	 	 /s/ Barbara L. Brasier

	Name:	 	Barbara L. Brasier
	Title:	 	Senior Vice President and Treasurer

 SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE 

 
			
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	as Trustee
		
	By:	 	/s/ Carol Ng
	Name:	 	Carol Ng
	Title:	 	Vice President
		
	By:	 	/s/ Randy Kahn
	Name:	 	Randy Kahn
	Title:	 	Vice President
	
	 DEUTSCHE BANK AG, LONDON BRANCH,
 as
Paying Agent

		
	By:	 	/s/ Kieran Odedra
	Name:	 	Kieran Odedra
	Title:	 	AVP
		
	By:	 	/s/ Mahen Surnam
	Name:	 	Mahen Surnam
	Title:	 	VP
	
	 DEUTSCHE BANK LUXEMBOURG S.A.,
 as
Registrar and Transfer Agent

		
	By:	 	/s/ Kieran Odedra
	Name:	 	Kieran Odedra
	Title:	 	Attorney
		
	By:	 	/s/ Mahen Surnam
	Name:	 	Mahen Surnam
	Title:	 	Attorney

  
 SIGNATURE PAGE TO
SUPPLEMENTAL INDENTURE 

 Schedule 1 

Additional Duties of the Paying Agent 

The Paying Agent and the Company will comply with the following provisions: 
  

	1.	The Paying Agent will inform each of Euroclear and Clearstream, Luxembourg (the ICSDs), through the common service provider appointed by the ICSDs to service the Notes (the CSP), of the initial
issue outstanding amount (IOA) for the Notes on or prior to the Closing Date. 

  

	2.	If any event occurs that requires a mark up or mark down of the records which an ICSD holds for its customers to reflect such customers’ interest in the Notes, the Paying Agent will (to the extent known to it)
promptly provide details of the amount of such mark up or mark down, together with a description of the event that requires it, to the ICSDs (through the CSP) to ensure that the IOA of the Notes remains at all times accurate. 

 

	3.	The Paying Agent will at least monthly reconcile its record of the IOA of the Notes with information received from the ICSDs (through the CSP) with respect to the IOA maintained by the ICSDs for the Notes and will
promptly inform the ICSDs (through the CSP) of any discrepancies. 

  

	4.	The Paying Agent will promptly assist the ICSDs (through the CSP) in resolving any discrepancy identified in the IOA of the Notes. 

  

	5.	The Paying Agent will promptly provide to the ICSDs (through the CSP) details of all amounts paid by it under the Notes (or, where the Notes provide for delivery of assets other than cash, of the assets so delivered).

  

	6.	The Paying Agent will (to the extent known to it) promptly provide to the ICSDs (through the CSP) notice of any changes to the Notes that will affect the amount of, or date for, any payment due under the Notes.

  

	7.	The Paying Agent will (to the extent known to it) promptly provide to the ICSDs (through the CSP) copies of all information that is given to the holders of the Notes. 

 

	8.	The Paying Agent will promptly pass on to the Company all communications it receives from the ICSDs directly or through the CSP relating to the Notes. 

 

	9.	The Paying Agent will (to the extent known to it) promptly notify the ICSDs (through the CSP) of any failure by the Company to make any payment or delivery due under the Notes when due. 

 Exhibit A 

Form of Global Note Representing the Floating Rate Notes 

REGISTERED 
 No.
[        ] 
 MONDELĒZ INTERNATIONAL, INC. 

FLOATING RATE NOTE DUE 2015 

representing 

€[                    ] 

Common Code: 100324199 
 ISIN: XS1003241996 

THIS NOTE 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 THEREOF.
UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DEUTSCHE BANK AG, LONDON BRANCH (THE “DEPOSITARY”) TO A NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF BT GLOBENET NOMINEES LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO BT GLOBENET NOMINEES LIMITED OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, BT GLOBENET NOMINEES LIMITED, HAS AN
INTEREST HEREIN. 
 MONDELĒZ INTERNATIONAL, INC., a Virginia corporation (hereinafter called the “Company”, which term
includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to BT Globenet Nominees Limited (as nominee of the Depositary), or registered assigns, the principal sum of
€[            ] on June 11, 2015, and to pay interest thereon from December 11, 2013 or from the most recent interest payment date to which interest has been paid or duly
provided for, at a rate per annum of EURIBOR plus 50 basis points (0.50%) until the principal amount of the Note is paid or duly made available for payment. Interest will accrue from December 11, 2013 and is payable quarterly in arrears on
March 11, June 11, September 11 and December 11 of each year, beginning on March 11, 2014; provided, however, that if any interest payment date (other than June 11, 2015 or any earlier repayment date) falls on
a day that is not a Business Day, the payment of interest that would otherwise be payable on such date will be postponed to the next succeeding Business Day and interest will accrue to but excluding the date interest is paid, except that if such
Business Day falls in the next succeeding calendar month, the applicable interest payment date will be the immediately preceding Business Day. If June 11, 2015 or any earlier repayment date falls on a day that is not a Business Day, the payment
of principal or interest otherwise payable on such date will be postponed to the next succeeding Business Day, and no interest on such payment will accrue from and after June 11, 2015 or earlier repayment date, as applicable. 

The interest so payable, and punctually paid or duly provided for, on any interest payment date will, as provided in the Indenture, be paid to
the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business 15 calendar days before the interest payment date (whether or not a Business Day) (each such record date, a “Regular Record
Date”). Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holders on such date and may be paid to the Person in whose name this 

  
 A-1 

 
Note (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 for the Notes,
notice whereof shall be given to Holders of Notes not less than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes 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, premium (if any) and interest in respect of the Notes will be made at the office or agency of the Company maintained for that purpose in London, England, which will initially be the principal corporate trust office or agency of the Paying
Agent in London, England; provided that, at the option of the Company, payment of interest, other than interest at maturity or upon redemption, may be made by check mailed to the address of the Holder entitled thereto as such address appears on the
Security Register at the close of business on the Regular Record Date; provided, further, that (1) the Depositary, as Holder of the Notes, or (2) a Holder of more than €5,000,000 in aggregate principal amount of a series of Notes in
definitive form is entitled to require the Paying Agent to make payments of interest, other than interest due at maturity or upon redemption, by wire transfer of immediately available funds into an account maintained by the Holder in the United
States, by sending appropriate wire transfer instructions as long as the Paying Agent receives the instructions not less than ten days prior to the applicable interest payment date. The principal and interest payable on any of the Notes at maturity,
or upon redemption, will be paid by wire transfer of immediately available funds against presentation of a Note at the office of the Registrar and Transfer Agent. Notwithstanding the foregoing, payment of any amount payable in respect of a Global
Note shall be made in accordance with the applicable procedures of the Depositary. 
 Principal, premium (if any) and interest payments in
respect of the Notes will be payable in euro. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s control or the euro is no longer used by the member states of the
European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes will be made in U.S.
dollars until euro is again available to the Company or so used. The amount payable on any date in euro will be converted into U.S. dollars on the basis of the most recently available Market Exchange Rate for the euro, in each case as certified by
the Company to the Trustee and the Paying Agent pursuant to an Officers’ Certificate at least five Business Days prior to such payment date. 

“Market Exchange Rate” means the noon buying rate in The City of New York for cable transfers of euro as certified for customs
purposes (or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York. 
 “Business Day” means any
day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks are authorized or required by law, regulation or executive order to close in New York or the Place of Payment, provided such day is also a
London banking day and is a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System, or any successor thereto, operates. 

“TARGET System Day” is any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System, or
any successor thereto, is open for business and a day on which commercial banks are open for dealings in euro deposits in the London interbank market. 

“Calculation Agent” means Deutsche Bank AG, London Branch, as appointed and authorized by the Company pursuant to the calculation
agency agreement dated as of December 11, 2013, until such time as the Company appoints a successor Calculation Agent. The Calculation Agent will determine EURIBOR for each Interest Period on the second TARGET System Day prior to the first day
of such Interest Period (the “Interest Determination Date”). 
 “EURIBOR” means, with respect to any Interest
Determination Date, the offered rate for deposits of euros having a maturity of three months that appears on “Reuters Page EURIBOR01” at approximately 11:00 a.m., Brussels time, on such Interest Determination Date. If on an Interest
Determination Date, such rate does not appear on the “Reuters Page EURIBOR01” as of 11:00 a.m., Brussels time, or if “Reuters Page EURIBOR01” is not available on such date, the Calculation Agent will obtain such rate from
Bloomberg L.P.’s page “BBAM.” 

  
 A-2 

 If no offered rate appears on “Reuters Page EURIBOR01” or Bloomberg L.P.’s page
“BBAM” on an Interest Determination Date, EURIBOR will be determined for such Interest Determination Date on the basis of the rates at approximately 11:00 a.m., Brussels time, on such Interest Determination Date at which deposits in euros
are offered to prime banks in the euro-zone inter-bank market by the principal euro-zone office of each of four major banks in such market selected by the Calculation Agent (the “Reference Banks”), for a term of three months commencing on
the applicable Interest Reset Date and in a principal amount equal to an amount that in the judgment of the Calculation Agent is representative for a single transaction in euros in such market at such time. The Calculation Agent will request the
principal euro-zone office of each of such banks to provide a quotation of its rate. If at least two such quotations are provided, EURIBOR for such Interest Period will be the arithmetic mean of such quotations. If fewer than two such quotations are
provided, EURIBOR for such Interest Period will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., Brussels time, on such Interest Determination Date by three major banks in the euro-zone, selected by the Calculation Agent, for
loans in euros to leading European banks, for a term of three months commencing on the applicable Interest Reset Date and in a principal amount equal to an amount that in the judgment of the Calculation Agent is representative for a single
transaction in euros in such market at such time; provided, however, that if the banks so selected are not quoting as mentioned above, the then-existing EURIBOR rate will remain in effect for such Interest Period, or, if none, the interest rate will
be the initial interest rate. 
 The interest rate will be reset quarterly on March 11, June 11, September 11 and
December 11, beginning on March 11, 2014 (each , an “Interest Reset Date”). The interest rate in effect from and including December 11, 2013 to but excluding the first Interest Reset Date will be equal to EURIBOR plus 50
basis points (0.50%), determined two TARGET System Days prior to December 11, 2013. After the initial interest period, the interest periods will be the periods from and including an Interest Reset Date to but excluding the immediately
succeeding Interest Reset Date, except that the final interest period will be the period from and including the Interest Reset Date immediately preceding June 11, 2015 to but excluding June 11, 2015 (the initial interest period, each
subsequent interest period and the final interest period, each an “Interest Period”). The interest rate in effect for the 15 calendar days prior to any repayment date earlier than June 11, 2015 will be the interest rate in effect on
the fifteenth day preceding such earlier repayment date. 
 The Calculation Agent will, upon the request of the Holder of any Note, provide
the interest rate then in effect. All calculations made by the Calculation Agent in the absence of willful misconduct, bad faith or manifest error shall be conclusive for all purposes and binding on the Company and the Holders of the Notes. The
Company may appoint a successor Calculation Agent at any time at the Company’s discretion and without notice. 
 All percentages
resulting from any calculation of any interest rate for the Floating Rate Notes will be rounded, if necessary, to the nearest thousandth of a percentage point, with five one-thousandths of a percentage point rounded upward (e.g., 5.8765% (or
..058765) would be rounded to 5.877% (or .05877)), and all euro amounts will be rounded to the nearest cent, with one-half cent being rounded upward. Each calculation of the interest rate on the Floating Rate Notes by the Calculation Agent will (in
the absence of manifest error) be final and binding on the Holders of the Notes and the Company. 
 Interest on the Notes will be computed
and paid on the basis of a 360-day year and the actual number of days in each interest payment period. The interest rate on the Notes will in no event be higher than the maximum rate permitted by New York law, as the same may be modified by United
States law of general application. 
 Additional provisions of this Note are contained on the reverse hereof, and such provisions shall have
the same effect as though fully set forth in this place. 
 Unless the certificate of authentication hereon has been executed by the
Authenticating Agent on behalf of the Trustee for the Notes by manual signature, this Note shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

(Signature Page Follows) 
  

  
 A-3 

 IN WITNESS WHEREOF, MONDELĒZ INTERNATIONAL, INC. has caused this instrument to be duly
executed under its corporate seal. 
 Dated: [            ]. 

 

			
	Mondelēz International, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Attest:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 A-4 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein described in the within-mentioned Indenture. 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	as Trustee
		
	By:	 	DEUTSCHE BANK LUXEMBOURG S.A.,
		 	as Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory
		
	By:	 	  

		 	Authorized Signatory

  
 A-5 

 (Reverse of Note) 

MONDELĒZ INTERNATIONAL, INC. 

This Note is one of a duly authorized issue of debentures, notes or other evidences of indebtedness (hereinafter called the
“Securities”) of the Company of the series hereinafter specified, all such Securities issued and to be issued under an Indenture dated as of October 17, 2001 between the Company and Deutsche Bank Trust Company Americas (as successor
to The Bank of New York and The Chase Manhattan Bank), as Trustee (the “Base Indenture”), as supplemented by a Supplemental Indenture dated as of December 11, 2013 (the “Supplemental Indenture” and, together with the Base
Indenture, the “Indenture”), to which Indenture and all other indentures supplemental thereto reference is hereby made for a statement of the rights and limitations of rights thereunder of the Holders of the Securities and of the rights,
obligations, duties and immunities of the Trustee for each series of Securities and of the Company, and the terms upon which the Securities are and are to be authenticated and delivered. As provided in the Indenture, the Securities may be issued in
one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest, if any, at different rates, may be subject to different redemption provisions, if any, may be subject
to different sinking, purchase or analogous funds, if any, may be subject to different covenants and Events of Default and may otherwise vary as in the Indenture provided or permitted. This Note is one of a series of the Securities designated
therein as Floating Rate Notes due 2015 (the “Notes”). 
 The Company may, without the consent of the Holders of the Notes, issue
additional notes having the same ranking and the same interest rate, maturity and other terms as the Notes, except for the issue price, issue date and, in some cases, the first payment of interest or interest accruing prior to the issue date of such
additional notes. Any additional notes having such similar terms, together with the Notes, shall constitute a single series of notes under the Indenture. No additional notes may be issued if an Event of Default has occurred with respect to the
Notes. 
 Change of Control 
 If a
Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its right to redeem the Notes, Holders may require the Company to repurchase all or any part (equal to €100,000 or an integral multiple of
€1,000 in excess thereof) of their Notes pursuant to an offer (the “Change of Control Offer”) of payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the
Notes repurchased, to the date of purchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event, the Company will mail a notice to Holders (with a copy to the Trustee) describing the
transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes 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 described in such notice. The Company must comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934 (the “Exchange
Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the
provisions of any securities laws or regulations conflict with the Change of Control provisions of the Notes, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under
the Change of Control provisions of the Notes by virtue of such conflicts. 
 On the Change of Control Payment Date, the Company will, to
the extent lawful: accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of
Notes properly tendered; and deliver or cause to be delivered to the Trustee the Notes properly accepted together with an officers’ certificate stating the aggregate principal amount of Notes or portions of Notes being purchased. 

The paying agent will promptly mail to each Holder of Notes properly tendered the purchase price for the Notes, and the Trustee will promptly
authenticate and mail (or cause to be transferred by book-entry) to each Holder a new note equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each new note will be in a principal amount of €100,000 or
an integral multiple of €1,000 in excess thereof. 

  
 A-6 

 The Company will not be required to make an offer to repurchase the Notes upon 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 an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn
under its offer. 
 For purposes of the foregoing discussion of a repurchase at the option of Holders, the following definitions are
applicable: 
 “Below Investment Grade Rating Event” means the Notes are rated below an Investment Grade Rating by
each of the Rating Agencies (as defined below) on any date from the date of the 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 Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a below investment grade rating event otherwise arising
by virtue of a particular reduction in rating shall not be deemed to have occurred in respect to a particular Change of Control (and thus shall not be deemed a below investment grade rating event for purposes of the definition of Change of Control
Triggering Event hereunder) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing that the reduction was the result, in whole or in
part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the below investment grade rating
event). 
 “Change of Control” means the occurrence of any of the following: (1) the direct or indirect sale,
transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken as a whole to any
Person or group of related persons for purposes of Section 13(d) of the Exchange Act (a “Group”) other than the Company or one of its subsidiaries; (2) the approval by the holders of the Company’s common stock of any plan or
proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the indenture); (3) the consummation of any transaction (including, without limitation, any merger or consolidation) the
result of which is that any Person or Group becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting stock; or (4) the first day on which a majority of the
members of the Company’s Board of Directors are not Continuing Directors. 
 “Change of Control Triggering Event” means the
occurrence of both a Change of Control and a Below Investment Grade Rating Event. 
 “Continuing Directors” means, as of any date
of determination, any member of the Board of Directors of the Company who (1) was a member of such Board of Directors on the date of the issuance of the Notes; or (2) was nominated for election or elected 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 or election (either by a specific vote or by approval of the Company’s proxy statement in which such member was
named as a nominee for election as a director, without objection to such nomination). 
 “Fitch” means Fitch Inc. 

“Investment Grade Rating” means a rating equal to or higher than BBB- (or the equivalent) by Fitch, Baa3 (or the equivalent) by
Moody’s and BBB- (or the equivalent) by S&P, respectively. 
 “Moody’s” means Moody’s Investors Service, Inc.

 “Person” has the meaning set forth in the indenture and includes a “person” as used in Section 13(d)(3) of the
Exchange Act. 

  
 A-7 

 “Rating Agencies” means (1) each of Fitch, Moody’s and S&P; and
(2) if any of Fitch, Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or
all of them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc. 
 Payment of Additional Amounts 

The Company will, subject to the exceptions and limitations set forth below, pay to the beneficial owner of any Note that is a Non-U.S. Holder
or is a partnership that is not created or organized in or under the laws of the United States or any state or political subdivision thereof such additional amounts as may be necessary to ensure that every net payment on such Note, after deduction
or withholding by the Company or any of its paying agents for or on account of any present or future tax, assessment or other governmental charge imposed upon or as a result of such payment by the United States or any political subdivision or taxing
authority of the United States, will not be less than the amount provided in such Note to be then due and payable. However, the Company will not pay additional amounts if the beneficial owner is subject to taxation solely for reasons other than its
ownership of the Note, nor will the Company pay additional amounts for or on account of: 
  

	(a)	any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the existence of any present or former connection (other than the mere fact of being a beneficial owner of a Note) between
the beneficial owner (or between a fiduciary, settlor, beneficiary or person holding a power over such beneficial owner, if the beneficial owner is an estate or trust, or a partner, member or shareholder of the beneficial owner, if the beneficial
owner is a partnership, limited liability company or corporation) of a Note and the United States, including, without limitation, such beneficial owner (or such fiduciary, settlor, beneficiary, person holding a power, partner, member or shareholder)
being or having been a citizen or resident of the United States or treated as being or having been a resident thereof; 

  

	(b)	any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the beneficial owner (or a fiduciary, settlor, beneficiary or person holding a power over such beneficial owner, if the
beneficial owner is an estate or trust, or a partner, member or shareholder of the beneficial owner, if the beneficial owner is a partnership, limited liability company or corporation) (i) being or having been present in, or engaged in a trade
or business in, the United States, (ii) being treated as having been present in, or engaged in a trade or business in, the United States, or (iii) having or having had a permanent establishment in the United States; 

 

	(c)	any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the beneficial owner (or a fiduciary, settlor, beneficiary or person holding a power over such beneficial owner, if the
beneficial owner is an estate or trust, or a partner, member or shareholder of the beneficial owner, if the beneficial owner is a partnership, limited liability company or corporation) being or having been with respect to the United States a
personal holding company, a controlled foreign corporation, a passive foreign investment company, a foreign private foundation or other foreign tax-exempt organization, or being a corporation that accumulates earnings to avoid U.S. federal income
tax; 

  

	(d)	any tax, assessment or other governmental charge imposed on a beneficial owner that actually or constructively owns 10% or more of the total combined voting power of all of the Company’s classes of stock that are
entitled to vote within the meaning of Section 871(h)(3) of the Internal Revenue Code of 1986, as amended (the “Code”); 

  

	(e)	any tax, assessment or other governmental charge which would not have been so imposed but for the presentation of such Note for payment on a date more than 30 days after the date on which such payment became due and
payable or the date on which such payment is duly provided for, whichever occurs later; 

  

	(f)	any tax, assessment or other governmental charge that is payable by any method other than withholding or deduction by the Company or any paying agent from payments in respect of such Note; 

  
 A-8 

	(g)	any gift, estate, inheritance, sales, transfer, personal property or excise tax or any similar tax, assessment or other governmental charge; 

 

	(h)	any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment in respect of any Note if such payment can be made without such withholding by at least one other paying
agent; 

  

	(i)	any tax, assessment or other governmental charge that is imposed or withheld by reason of a change in law, regulation, or administrative or judicial interpretation that becomes effective more than 15 days after the
payment becomes due or is duly provided for, whichever occurs later; 

  

	(j)	any tax, assessment or other governmental charge imposed as a result of the failure of the holder or beneficial owner of a Note to comply with a request to comply with applicable certification, information,
documentation or other reporting requirements concerning the nationality, residence, identity or connection with the United States of the holder or beneficial owner of a Note, if such compliance is required by statute or regulation of the United
States as a precondition to relief or exemption from such tax, assessment or other governmental charge; 

  

	(k)	any tax, assessment or other governmental charge imposed by reason of the failure of the beneficial owner to fulfill the statement requirements of Section 871(h) or Section 881(c) of the Code;

  

	(l)	any tax, assessment or other governmental charge imposed pursuant to the provisions of Sections 1471 through 1474 of the Code; or 

  

	(m)	any combination of items (a) through (l) above. 

 The term “Non-U.S.
Holder” means any beneficial owner of a Note that is not a U.S. Holder and is not a partnership (including any entity or arrangement properly classified as a partnership for U.S. federal income tax purposes). The term “U.S. Holder”
means a beneficial owner of a note that is for U.S. federal income tax purposes: an individual citizen or resident of the United States; a corporation created or organized in or under the laws of the United States, any state thereof, or the District
of Columbia; an estate, the income of which is subject to U.S. federal income tax regardless of its source; or a trust, if (i) a U.S. court is able to exercise primary supervision over the trust’s administration and one or more
“United States persons” (as defined in the Code) have the authority to control all substantial decisions of the trust, or (ii) the trust has in effect a valid election to be treated as a “United States person” (as defined in
the Code). 
 Defeasance 
 The Indenture
contains provisions for defeasance at any time of the entire principal of all the Securities of any series upon compliance by the Company with certain conditions set forth therein. 

Certain of the Company’s obligations under the Indenture with respect to Notes, may be terminated if the Company irrevocably deposits
with the Trustee money or Government Obligations sufficient to pay and discharge the entire indebtedness on a the Indenture. 
 Events of Default

 Section 501 of the Base Indenture shall be applicable to the Notes. If an Event of Default (other than an Event of Default
described in Section 501(4) or 501(5) of the Base Indenture) with respect to the Notes shall occur and be continuing, then either the Trustee or the Holders of not less than 25% in principal amount of the Notes of this series then Outstanding
may declare the entire principal amount of the Notes of this series due and payable in the manner and with effect provided in the Indenture. If an Event of Default specified in Section 501(4) or 501(5) of the Base Indenture occurs with respect
to the Company, all of the unpaid principal amount and accrued interest then outstanding shall ipso facto become and be immediately due and payable in the manner and with the effect provided in the Indenture without any declaration or other act by
the Trustee or any Holder. 

  
 A-9 

 Amendments 

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 under the Indenture at any time by the Company with the consent of the Holders of more than 50% in aggregate principal amount of the Securities at the time Outstanding of each series issued
under the Indenture to be affected thereby. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of that series at the time Outstanding, on behalf of the Holders of
all the 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 with respect to such series. Any such consent or waiver by the Holder
of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the transfer hereof or in exchange or in lieu hereof whether or not notation of such consent or waiver is made upon
this Note. 
 Payment 
 No reference
herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and
in the coin or currency, herein and in the Indenture prescribed. 
 Transfer, Registration and Exchange 

As provided in the Indenture and subject to certain limitations therein set forth, this Note is transferable on the Security Register of the
Company, upon surrender of this Note for registration of transfer at the office or agency of Deutsche Bank Luxembourg S.A. (the “Registrar and Transfer Agent”), currently located at Deutsche Bank Luxembourg S.A., 2 Boulevard
Konrad-Adenauer, L-1115 Luxembourg; Email: TSS-GDS.ROW@db.com, Fax: 0207 547 76149, attn.: Debt and Agency Services, or at any other office or agency of the Company maintained for that purpose, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Registrar and Transfer Agent duly executed by the Holder hereof or the Holder’s attorney duly authorized in writing, and thereupon due or one or more new notes, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Notes are
issuable only in registered form without coupons in denominations of €100,000 and any multiple of €1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a
like aggregate principal amount of Notes of a like tenor and of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 The Company, the Trustee for the Notes and any agent of the
Company or such Trustee may treat the Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Note be overdue, and neither the Company,
such Trustee nor any such agent shall be affected by notice to the contrary. 
 The Notes are not subject to a sinking fund. 

This Note shall for all purposes be governed by, and construed in accordance with, the laws of the State of New York. 

Certain terms used in this Note which are defined in the Indenture have the meanings set forth therein. 

  
 A-10 

 Exhibit B 

Form of Global Note Representing the 2017 Notes 

REGISTERED 
 No.
[        ] 
 MONDELĒZ INTERNATIONAL, INC. 

1.125% NOTE DUE 2017 

representing 

€[                    ] 

Common Code: 100325101 
 ISIN: XS1003251011 

THIS NOTE 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 THEREOF.
UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DEUTSCHE BANK AG, LONDON BRANCH (THE “DEPOSITARY”) TO A NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF BT GLOBENET NOMINEES LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO BT GLOBENET NOMINEES LIMITED OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, BT GLOBENET NOMINEES LIMITED, HAS AN
INTEREST HEREIN. 
 MONDELĒZ INTERNATIONAL, INC., a Virginia corporation (hereinafter called the “Company”, which term
includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to BT Globenet Nominees Limited (as nominee of the Depositary), or registered assigns, the principal sum of
€[            ] on January 26, 2017, and to pay interest thereon at a rate per annum of 1.125%. Interest will accrue from December 11, 2013 and is payable annually in arrears
on January 26 of each year, beginning on January 26, 2015; provided that if any such interest payment date (other than January 26, 2017 or any earlier repayment date) is not a Business Day, the interest payment date will be postponed
to the next succeeding Business Day, and no interest will accrue as a result of such delayed payment on amounts payable from and after such interest payment date to the next succeeding Business Day. If January 26, 2017 or any earlier repayment
date falls on a day that is not a Business Day, the payment of principal or interest otherwise payable on such date will be postponed to the next succeeding Business Day, and no interest on such payment will accrue from and after January 26,
2017 or any earlier repayment date, as applicable. 
 The interest so payable, and punctually paid or duly provided for, on any interest
payment date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business 15 calendar days before the interest payment date (whether or not a
Business Day) (the “Regular Record Date”). Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holders on such date and may be paid to the Person in whose name this Note (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 for the Notes, notice whereof shall be given to Holders of Notes not less than 10 days
prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. 

  
 B-1 

 Payment of the principal, premium (if any) and interest in respect of the Notes will be made at
the office or agency of the Company maintained for that purpose in London, England, which will initially be the principal corporate trust office or agency of the Paying Agent in London, England; provided that, at the option of the Company, payment
of interest, other than interest at maturity or upon redemption, may be made by check mailed to the address of the Holder entitled thereto as such address appears on the Security Register at the close of business on the Regular Record Date;
provided, further, that (1) the Depositary, as Holder of the Notes, or (2) a Holder of more than €5,000,000 in aggregate principal amount of a series of Notes in definitive form is entitled to require the Paying Agent to make payments
of interest, other than interest due at maturity or upon redemption, by wire transfer of immediately available funds into an account maintained by the Holder in the United States, by sending appropriate wire transfer instructions as long as the
Paying Agent receives the instructions not less than ten days prior to the applicable interest payment date. The principal and interest payable on any of the Notes at maturity, or upon redemption, will be paid by wire transfer of immediately
available funds against presentation of a Note at the office of the Registrar and Transfer Agent. Notwithstanding the foregoing, payment of any amount payable in respect of a Global Note shall be made in accordance with the applicable procedures of
the Depositary. 
 Principal, premium (if any) and interest payments in respect of the Notes will be payable in euro. If the euro is
unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s control or the euro is no longer used by the member states of the European Monetary Union that have adopted the euro as their
currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes will be made in U.S. dollars until euro is again available to the Company or so used.
The amount payable on any date in euro will be converted into U.S. dollars on the basis of the most recently available Market Exchange Rate for the euro, in each case as certified by the Company to the Trustee and the Paying Agent pursuant to an
Officers’ Certificate at least five Business Days prior to such payment date. 
 “Market Exchange Rate” means the noon buying
rate in The City of New York for cable transfers of euro as certified for customs purposes (or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York. 

“Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks
are authorized or required by law, regulation or executive order to close in New York or the Place of Payment, provided such day is also a London banking day and is a day on which the Trans-European Automated Real-Time Gross Settlement Express
Transfer (TARGET) System, or any successor thereto, operates. 
 Interest on the Notes shall be computed on the basis of the actual number
of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Notes (or from December 11, 2013, if no interest has been paid on the Notes), to but
excluding the next scheduled interest payment date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 

The interest rate on the Notes will in no event be higher than the maximum rate permitted by New York law, as the same may be modified by
United States law of general application. 
 Additional provisions of this Note are contained on the reverse hereof, and such provisions
shall have the same effect as though fully set forth in this place. 
 Unless the certificate of authentication hereon has been executed by
the Authenticating Agent on behalf of the Trustee for the Notes by manual signature, this Note shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

(Signature Page Follows) 
  

  
 B-2 

 IN WITNESS WHEREOF, MONDELĒZ INTERNATIONAL, INC. has caused this instrument to be duly executed under its
corporate seal. 
 Dated: [                    ]. 

 

			
	Mondelēz International, INC.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
		
	 Attest:
	 	
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 B-3 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein described in the within-mentioned Indenture. 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	as Trustee
		
	By:	 	DEUTSCHE BANK LUXEMBOURG S.A.,
		 	as Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory
		
	By:	 	  

		 	Authorized Signatory

  

  
 B-4 

 (Reverse of Note) 

MONDELĒZ INTERNATIONAL, INC. 

This Note is one of a duly authorized issue of debentures, notes or other evidences of indebtedness (hereinafter called the
“Securities”) of the Company of the series hereinafter specified, all such Securities issued and to be issued under an Indenture dated as of October 17, 2001 between the Company and Deutsche Bank Trust Company Americas (as successor
to The Bank of New York and The Chase Manhattan Bank), as Trustee (the “Base Indenture”), as supplemented by a Supplemental Indenture dated as of December 11, 2013 (the “Supplemental Indenture” and, together with the Base
Indenture, the “Indenture”), to which Indenture and all other indentures supplemental thereto reference is hereby made for a statement of the rights and limitations of rights thereunder of the Holders of the Securities and of the rights,
obligations, duties and immunities of the Trustee for each series of Securities and of the Company, and the terms upon which the Securities are and are to be authenticated and delivered. As provided in the Indenture, the Securities may be issued in
one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest, if any, at different rates, may be subject to different redemption provisions, if any, may be subject
to different sinking, purchase or analogous funds, if any, may be subject to different covenants and Events of Default and may otherwise vary as in the Indenture provided or permitted. This Note is one of a series of the Securities designated
therein as 1.125% Notes due 2017 (the “Notes”). 
 The Company may, without the consent of the Holders of the Notes, issue
additional notes having the same ranking and the same interest rate, maturity and other terms as the Notes, except for the issue price, issue date and, in some cases, the first payment of interest or interest accruing prior to the issue date of such
additional notes. Any additional notes having such similar terms, together with the Notes, shall constitute a single series of notes under the Indenture. No additional notes may be issued if an Event of Default has occurred with respect to the
Notes. 
 Change of Control 
 If a
Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its right to redeem the Notes, Holders may require the Company to repurchase all or any part (equal to €100,000 or an integral multiple of
€1,000 in excess thereof) of their Notes pursuant to an offer (the “Change of Control Offer”) of payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the
Notes repurchased, to the date of purchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event, the Company will mail a notice to Holders (with a copy to the Trustee) describing the
transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes 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 described in such notice. The Company must comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934 (the “Exchange
Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the
provisions of any securities laws or regulations conflict with the Change of Control provisions of the Notes, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under
the Change of Control provisions of the Notes by virtue of such conflicts. 
 On the Change of Control Payment Date, the Company will, to
the extent lawful: accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of
Notes properly tendered; and deliver or cause to be delivered to the Trustee the Notes properly accepted together with an officers’ certificate stating the aggregate principal amount of Notes or portions of Notes being purchased. 

The paying agent will promptly mail to each Holder of Notes properly tendered the purchase price for the Notes, and the Trustee will promptly
authenticate and mail (or cause to be transferred by book-entry) to each Holder a new note equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each new note will be in a principal amount of €100,000 or
an integral multiple of €1,000 in excess thereof. 

  
 B-5 

 The Company will not be required to make an offer to repurchase the Notes upon 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 an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn
under its offer. 
 For purposes of the foregoing discussion of a repurchase at the option of Holders, the following definitions are
applicable: 
 “Below Investment Grade Rating Event” means the Notes are rated below an Investment Grade Rating by
each of the Rating Agencies (as defined below) on any date from the date of the 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 Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a below investment grade rating event otherwise arising
by virtue of a particular reduction in rating shall not be deemed to have occurred in respect to a particular Change of Control (and thus shall not be deemed a below investment grade rating event for purposes of the definition of Change of Control
Triggering Event hereunder) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing that the reduction was the result, in whole or in
part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the below investment grade rating
event). 
 “Change of Control” means the occurrence of any of the following: (1) the direct or indirect sale,
transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken as a whole to any
Person or group of related persons for purposes of Section 13(d) of the Exchange Act (a “Group”) other than the Company or one of its subsidiaries; (2) the approval by the holders of the Company’s common stock of any plan or
proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the indenture); (3) the consummation of any transaction (including, without limitation, any merger or consolidation) the
result of which is that any Person or Group becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting stock; or (4) the first day on which a majority of the
members of the Company’s Board of Directors are not Continuing Directors. 
 “Change of Control Triggering
Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 
 “Continuing
Directors” means, as of any date of determination, any member of the Board of Directors of the Company who (1) was a member of such Board of Directors on the date of the issuance of the Notes; or (2) was nominated for election or
elected 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 or election (either by a specific vote or by approval of the Company’s
proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination). 

“Fitch” means Fitch Inc. 

“Investment Grade Rating” means a rating equal to or higher than BBB- (or the equivalent) by Fitch, Baa3 (or the
equivalent) by Moody’s and BBB- (or the equivalent) by S&P, respectively. 
 “Moody’s” means
Moody’s Investors Service, Inc. 
 “Person” has the meaning set forth in the indenture and includes a
“person” as used in Section 13(d)(3) of the Exchange Act. 

  
 B-6 

 “Rating Agencies” means (1) each of Fitch, Moody’s and
S&P; and (2) if any of Fitch, Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or
all of them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a division of
The McGraw-Hill Companies, Inc. 
 Payment of Additional Amounts 

The Company will, subject to the exceptions and limitations set forth below, pay to the beneficial owner of any Note that is a Non-U.S. Holder
or is a partnership that is not created or organized in or under the laws of the United States or any state or political subdivision thereof such additional amounts as may be necessary to ensure that every net payment on such Note, after deduction
or withholding by the Company or any of its paying agents for or on account of any present or future tax, assessment or other governmental charge imposed upon or as a result of such payment by the United States or any political subdivision or taxing
authority of the United States, will not be less than the amount provided in such Note to be then due and payable. However, the Company will not pay additional amounts if the beneficial owner is subject to taxation solely for reasons other than its
ownership of the Note, nor will the Company pay additional amounts for or on account of: 
  

	(a)	any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the existence of any present or former connection (other than the mere fact of being a beneficial owner of a Note) between
the beneficial owner (or between a fiduciary, settlor, beneficiary or person holding a power over such beneficial owner, if the beneficial owner is an estate or trust, or a partner, member or shareholder of the beneficial owner, if the beneficial
owner is a partnership, limited liability company or corporation) of a Note and the United States, including, without limitation, such beneficial owner (or such fiduciary, settlor, beneficiary, person holding a power, partner, member or shareholder)
being or having been a citizen or resident of the United States or treated as being or having been a resident thereof; 

  

	(b)	any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the beneficial owner (or a fiduciary, settlor, beneficiary or person holding a power over such beneficial owner, if the
beneficial owner is an estate or trust, or a partner, member or shareholder of the beneficial owner, if the beneficial owner is a partnership, limited liability company or corporation) (i) being or having been present in, or engaged in a trade
or business in, the United States, (ii) being treated as having been present in, or engaged in a trade or business in, the United States, or (iii) having or having had a permanent establishment in the United States; 

 

	(c)	any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the beneficial owner (or a fiduciary, settlor, beneficiary or person holding a power over such beneficial owner, if the
beneficial owner is an estate or trust, or a partner, member or shareholder of the beneficial owner, if the beneficial owner is a partnership, limited liability company or corporation) being or having been with respect to the United States a
personal holding company, a controlled foreign corporation, a passive foreign investment company, a foreign private foundation or other foreign tax-exempt organization, or being a corporation that accumulates earnings to avoid U.S. federal income
tax; 

  

	(d)	any tax, assessment or other governmental charge imposed on a beneficial owner that actually or constructively owns 10% or more of the total combined voting power of all of the Company’s classes of stock that are
entitled to vote within the meaning of Section 871(h)(3) of the Internal Revenue Code of 1986, as amended (the “Code”); 

  

	(e)	any tax, assessment or other governmental charge which would not have been so imposed but for the presentation of such Note for payment on a date more than 30 days after the date on which such payment became due and
payable or the date on which such payment is duly provided for, whichever occurs later; 

  
 B-7 

	(f)	any tax, assessment or other governmental charge that is payable by any method other than withholding or deduction by the Company or any paying agent from payments in respect of such Note; 

 

	(g)	any gift, estate, inheritance, sales, transfer, personal property or excise tax or any similar tax, assessment or other governmental charge; 

 

	(h)	any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment in respect of any Note if such payment can be made without such withholding by at least one other paying
agent; 

  

	(i)	any tax, assessment or other governmental charge that is imposed or withheld by reason of a change in law, regulation, or administrative or judicial interpretation that becomes effective more than 15 days after the
payment becomes due or is duly provided for, whichever occurs later; 

  

	(j)	any tax, assessment or other governmental charge imposed as a result of the failure of the holder or beneficial owner of a Note to comply with a request to comply with applicable certification, information,
documentation or other reporting requirements concerning the nationality, residence, identity or connection with the United States of the holder or beneficial owner of a Note, if such compliance is required by statute or regulation of the United
States as a precondition to relief or exemption from such tax, assessment or other governmental charge; 

  

	(k)	any tax, assessment or other governmental charge imposed by reason of the failure of the beneficial owner to fulfill the statement requirements of Section 871(h) or Section 881(c) of the Code;

  

	(l)	any tax, assessment or other governmental charge imposed pursuant to the provisions of Sections 1471 through 1474 of the Code; or 

  

	(m)	any combination of items (a) through (l) above. 

 The term “Non-U.S.
Holder” means any beneficial owner of a Note that is not a U.S. Holder and is not a partnership (including any entity or arrangement properly classified as a partnership for U.S. federal income tax purposes). The term “U.S. Holder”
means a beneficial owner of a note that is for U.S. federal income tax purposes: an individual citizen or resident of the United States; a corporation created or organized in or under the laws of the United States, any state thereof, or the District
of Columbia; an estate, the income of which is subject to U.S. federal income tax regardless of its source; or a trust, if (i) a U.S. court is able to exercise primary supervision over the trust’s administration and one or more
“United States persons” (as defined in the Code) have the authority to control all substantial decisions of the trust, or (ii) the trust has in effect a valid election to be treated as a “United States person” (as defined in
the Code). 
 Defeasance 
 The Indenture
contains provisions for defeasance at any time of the entire principal of all the Securities of any series upon compliance by the Company with certain conditions set forth therein. 

Certain of the Company’s obligations under the Indenture with respect to Notes, may be terminated if the Company irrevocably deposits
with the Trustee money or Government Obligations sufficient to pay and discharge the entire indebtedness on a the Indenture. 
 Events of Default

 Section 501 of the Base Indenture shall be applicable to the Notes. If an Event of Default (other than an Event of Default
described in Section 501(4) or 501(5) of the Base Indenture) with respect to the Notes shall occur and be continuing, then either the Trustee or the Holders of not less than 25% in principal amount of the Notes of this series then Outstanding
may declare the entire principal amount of the Notes of this series due and payable in the manner and with effect provided in the Indenture. If an Event of Default specified in Section 501(4) or 501(5) of the Base Indenture occurs with respect
to the Company, all of the unpaid principal amount and accrued interest then outstanding shall ipso facto become and be immediately due and payable in the manner and with the effect provided in the Indenture without any declaration or other act by
the Trustee or any Holder. 

  
 B-8 

 Amendments 

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 under the Indenture at any time by the Company with the consent of the Holders of more than 50% in aggregate principal amount of the Securities at the time Outstanding of each series issued
under the Indenture to be affected thereby. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of that series at the time Outstanding, on behalf of the Holders of
all the 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 with respect to such series. Any such consent or waiver by the Holder
of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the transfer hereof or in exchange or in lieu hereof whether or not notation of such consent or waiver is made upon
this Note. 
 Payment 
 No reference
herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and
in the coin or currency, herein and in the Indenture prescribed. 
 Transfer, Registration and Exchange 

As provided in the Indenture and subject to certain limitations therein set forth, this Note is transferable on the Security Register of the
Company, upon surrender of this Note for registration of transfer at the office or agency of Deutsche Bank Luxembourg S.A. (the “Registrar and Transfer Agent”), currently located at Deutsche Bank Luxembourg S.A., 2 Boulevard
Konrad-Adenauer, L-1115 Luxembourg; Email: TSS-GDS.ROW@db.com, Fax: 0207 547 76149, attn.: Debt and Agency Services, or at any other office or agency of the Company maintained for that purpose, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Registrar and Transfer Agent duly executed by the Holder hereof or the Holder’s attorney duly authorized in writing, and thereupon due or one or more new notes, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Notes are
issuable only in registered form without coupons in denominations of €100,000 and any multiple of €1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a
like aggregate principal amount of Notes of a like tenor and of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 The Company, the Trustee for the Notes and any agent of the
Company or such Trustee may treat the Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Note be overdue, and neither the Company,
such Trustee nor any such agent shall be affected by notice to the contrary. 
 The Notes are not subject to a sinking fund. 

This Note shall for all purposes be governed by, and construed in accordance with, the laws of the State of New York. 

Certain terms used in this Note which are defined in the Indenture have the meanings set forth therein. 

 

  
 B-9 

 Exhibit C 

Form of Global Note Representing the 2021 Notes 

REGISTERED 
 No.
[        ] 
 MONDELĒZ INTERNATIONAL, INC. 

2.375% NOTE DUE 2021 
 representing

 €[                    ] 

Common Code: 100325144 
 ISIN: XS1003251441 

THIS NOTE 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 THEREOF.
UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY DEUTSCHE BANK AG, LONDON BRANCH (THE “DEPOSITARY”) TO A NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF BT GLOBENET NOMINEES LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO BT GLOBENET NOMINEES LIMITED OR TO SUCH OTHER
ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, BT GLOBENET NOMINEES LIMITED, HAS AN
INTEREST HEREIN. 
 MONDELĒZ INTERNATIONAL, INC., a Virginia corporation (hereinafter called the “Company”, which term
includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to BT Globenet Nominees Limited (as nominee of the Depositary), or registered assigns, the principal sum of
€[            ] on January 26, 2021, and to pay interest thereon at a rate per annum of 2.375%. Interest will accrue from December 11, 2013 and is payable annually in arrears
on January 26 of each year, beginning on January 26, 2015; provided that if any such interest payment date (other than January 26, 2021 or any earlier repayment date) is not a Business Day, the interest payment date will be postponed
to the next succeeding Business Day, and no interest will accrue as a result of such delayed payment on amounts payable from and after such interest payment date to the next succeeding Business Day. If January 26, 2021 or any earlier repayment
date falls on a day that is not a Business Day, the payment of principal or interest otherwise payable on such date will be postponed to the next succeeding Business Day, and no interest on such payment will accrue from and after January 26,
2021 or any earlier repayment date, as applicable. 
 The interest so payable, and punctually paid or duly provided for, on any interest
payment date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business 15 calendar days before the interest payment date (whether or not a
Business Day) (the “Regular Record Date”). Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holders on such date and may be paid to the Person in whose name this Note (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 for the Notes, notice whereof shall be given to Holders of Notes not less than 10 days
prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. 
  

  
 C-1 

 Payment of the principal, premium (if any) and interest in respect of the Notes will be made at
the office or agency of the Company maintained for that purpose in London, England, which will initially be the principal corporate trust office or agency of the Paying Agent in London, England; provided that, at the option of the Company, payment
of interest, other than interest at maturity or upon redemption, may be made by check mailed to the address of the Holder entitled thereto as such address appears on the Security Register at the close of business on the Regular Record Date;
provided, further, that (1) the Depositary, as Holder of the Notes, or (2) a Holder of more than €5,000,000 in aggregate principal amount of a series of Notes in definitive form is entitled to require the Paying Agent to make payments
of interest, other than interest due at maturity or upon redemption, by wire transfer of immediately available funds into an account maintained by the Holder in the United States, by sending appropriate wire transfer instructions as long as the
Paying Agent receives the instructions not less than ten days prior to the applicable interest payment date. The principal and interest payable on any of the Notes at maturity, or upon redemption, will be paid by wire transfer of immediately
available funds against presentation of a Note at the office of the Registrar and Transfer Agent. Notwithstanding the foregoing, payment of any amount payable in respect of a Global Note shall be made in accordance with the applicable procedures of
the Depositary. 
 Principal, premium (if any) and interest payments in respect of the Notes will be payable in euro. If the euro is
unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s control or the euro is no longer used by the member states of the European Monetary Union that have adopted the euro as their
currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes will be made in U.S. dollars until euro is again available to the Company or so used.
The amount payable on any date in euro will be converted into U.S. dollars on the basis of the most recently available Market Exchange Rate for the euro, in each case as certified by the Company to the Trustee and the Paying Agent pursuant to an
Officers’ Certificate at least five Business Days prior to such payment date. 
 “Market Exchange Rate” means the noon buying
rate in The City of New York for cable transfers of euro as certified for customs purposes (or, if not so certified, as otherwise determined) by the Federal Reserve Bank of New York. 

“Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which commercial banks
are authorized or required by law, regulation or executive order to close in New York or the Place of Payment, provided such day is also a London banking day and is a day on which the Trans-European Automated Real-Time Gross Settlement Express
Transfer (TARGET) System, or any successor thereto, operates. 
 Interest on the Notes shall be computed on the basis of the actual number
of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Notes (or from December 11, 2013, if no interest has been paid on the Notes), to but
excluding the next scheduled interest payment date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. 

The interest rate on the Notes will in no event be higher than the maximum rate permitted by New York law, as the same may be modified by
United States law of general application. 
 Additional provisions of this Note are contained on the reverse hereof, and such provisions
shall have the same effect as though fully set forth in this place. 
 Unless the certificate of authentication hereon has been executed by
the Authenticating Agent on behalf of the Trustee for the Notes by manual signature, this Note shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

(Signature Page Follows) 

  
 C-2 

 IN WITNESS WHEREOF, MONDELĒZ INTERNATIONAL, INC. has caused this instrument to be duly executed under its
corporate seal. 
 Dated: [            ]. 

 

			
	Mondelēz International, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	Attest:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 C-3 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein described in the within-mentioned Indenture. 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	as Trustee
		
	By:	 	DEUTSCHE BANK LUXEMBOURG S.A.,
		 	as Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory
		
	By:	 	  

		 	Authorized Signatory

  

  
 C-4 

 (Reverse of Note) 

MONDELĒZ INTERNATIONAL, INC. 

This Note is one of a duly authorized issue of debentures, notes or other evidences of indebtedness (hereinafter called the
“Securities”) of the Company of the series hereinafter specified, all such Securities issued and to be issued under an Indenture dated as of October 17, 2001 between the Company and Deutsche Bank Trust Company Americas (as successor
to The Bank of New York and The Chase Manhattan Bank), as Trustee (the “Base Indenture”), as supplemented by a Supplemental Indenture dated as of December 11, 2013 (the “Supplemental Indenture” and, together with the Base
Indenture, the “Indenture”), to which Indenture and all other indentures supplemental thereto reference is hereby made for a statement of the rights and limitations of rights thereunder of the Holders of the Securities and of the rights,
obligations, duties and immunities of the Trustee for each series of Securities and of the Company, and the terms upon which the Securities are and are to be authenticated and delivered. As provided in the Indenture, the Securities may be issued in
one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest, if any, at different rates, may be subject to different redemption provisions, if any, may be subject
to different sinking, purchase or analogous funds, if any, may be subject to different covenants and Events of Default and may otherwise vary as in the Indenture provided or permitted. This Note is one of a series of the Securities designated
therein as 2.375% Notes due 2021 (the “Notes”). 
 The Company may, without the consent of the Holders of the Notes, issue
additional notes having the same ranking and the same interest rate, maturity and other terms as the Notes, except for the issue price, issue date and, in some cases, the first payment of interest or interest accruing prior to the issue date of such
additional notes. Any additional notes having such similar terms, together with the Notes, shall constitute a single series of notes under the Indenture. No additional notes may be issued if an Event of Default has occurred with respect to the
Notes. 
 Change of Control 
 If a
Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its right to redeem the Notes, Holders may require the Company to repurchase all or any part (equal to €100,000 or an integral multiple of
€1,000 in excess thereof) of their Notes pursuant to an offer (the “Change of Control Offer”) of payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the
Notes repurchased, to the date of purchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event, the Company will mail a notice to Holders (with a copy to the Trustee) describing the
transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes 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 described in such notice. The Company must comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934 (the “Exchange
Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the
provisions of any securities laws or regulations conflict with the Change of Control provisions of the Notes, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under
the Change of Control provisions of the Notes by virtue of such conflicts. 
 On the Change of Control Payment Date, the Company will, to
the extent lawful: accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of
Notes properly tendered; and deliver or cause to be delivered to the Trustee the Notes properly accepted together with an officers’ certificate stating the aggregate principal amount of Notes or portions of Notes being purchased. 

The paying agent will promptly mail to each Holder of Notes properly tendered the purchase price for the Notes, and the Trustee will promptly
authenticate and mail (or cause to be transferred by book-entry) to each Holder a new note equal in principal amount to any unpurchased portion of any Notes surrendered; provided that each new note will be in a principal amount of €100,000 or
an integral multiple of €1,000 in excess thereof. 

  
 C-5 

 The Company will not be required to make an offer to repurchase the Notes upon 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 an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn
under its offer. 
 For purposes of the foregoing discussion of a repurchase at the option of Holders, the following definitions are
applicable: 
 “Below Investment Grade Rating Event” means the Notes are rated below an Investment Grade Rating by
each of the Rating Agencies (as defined below) on any date from the date of the 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 Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies); provided that a below investment grade rating event otherwise arising
by virtue of a particular reduction in rating shall not be deemed to have occurred in respect to a particular Change of Control (and thus shall not be deemed a below investment grade rating event for purposes of the definition of Change of Control
Triggering Event hereunder) if the rating agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing that the reduction was the result, in whole or in
part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the below investment grade rating
event). 
 “Change of Control” means the occurrence of any of the following: (1) the direct or indirect sale,
transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its subsidiaries taken as a whole to any
Person or group of related persons for purposes of Section 13(d) of the Exchange Act (a “Group”) other than the Company or one of its subsidiaries; (2) the approval by the holders of the Company’s common stock of any plan or
proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the indenture); (3) the consummation of any transaction (including, without limitation, any merger or consolidation) the
result of which is that any Person or Group becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s voting stock; or (4) the first day on which a majority of the
members of the Company’s Board of Directors are not Continuing Directors. 
 “Change of Control Triggering Event” means the
occurrence of both a Change of Control and a Below Investment Grade Rating Event. 
 “Continuing Directors” means, as of any date
of determination, any member of the Board of Directors of the Company who (1) was a member of such Board of Directors on the date of the issuance of the Notes; or (2) was nominated for election or elected 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 or election (either by a specific vote or by approval of the Company’s proxy statement in which such member was
named as a nominee for election as a director, without objection to such nomination). 
 “Fitch” means Fitch Inc. 

“Investment Grade Rating” means a rating equal to or higher than BBB- (or the equivalent) by Fitch, Baa3 (or the equivalent) by
Moody’s and BBB- (or the equivalent) by S&P, respectively. 
 “Moody’s” means Moody’s Investors Service, Inc.

 “Person” has the meaning set forth in the indenture and includes a “person” as used in Section 13(d)(3) of the
Exchange Act. 

  
 C-6 

 “Rating Agencies” means (1) each of Fitch, Moody’s and S&P; and
(2) if any of Fitch, Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected by the Company (as certified by a resolution of the Company’s Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or
all of them, as the case may be. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc. 
 Payment of Additional Amounts 

The Company will, subject to the exceptions and limitations set forth below, pay to the beneficial owner of any Note that is a Non-U.S. Holder
or is a partnership that is not created or organized in or under the laws of the United States or any state or political subdivision thereof such additional amounts as may be necessary to ensure that every net payment on such Note, after deduction
or withholding by the Company or any of its paying agents for or on account of any present or future tax, assessment or other governmental charge imposed upon or as a result of such payment by the United States or any political subdivision or taxing
authority of the United States, will not be less than the amount provided in such Note to be then due and payable. However, the Company will not pay additional amounts if the beneficial owner is subject to taxation solely for reasons other than its
ownership of the Note, nor will the Company pay additional amounts for or on account of: 
  

	(a)	any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the existence of any present or former connection (other than the mere fact of being a beneficial owner of a Note) between
the beneficial owner (or between a fiduciary, settlor, beneficiary or person holding a power over such beneficial owner, if the beneficial owner is an estate or trust, or a partner, member or shareholder of the beneficial owner, if the beneficial
owner is a partnership, limited liability company or corporation) of a Note and the United States, including, without limitation, such beneficial owner (or such fiduciary, settlor, beneficiary, person holding a power, partner, member or shareholder)
being or having been a citizen or resident of the United States or treated as being or having been a resident thereof; 

  

	(b)	any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the beneficial owner (or a fiduciary, settlor, beneficiary or person holding a power over such beneficial owner, if the
beneficial owner is an estate or trust, or a partner, member or shareholder of the beneficial owner, if the beneficial owner is a partnership, limited liability company or corporation) (i) being or having been present in, or engaged in a trade
or business in, the United States, (ii) being treated as having been present in, or engaged in a trade or business in, the United States, or (iii) having or having had a permanent establishment in the United States; 

 

	(c)	any tax, assessment or other governmental charge that is imposed or withheld solely by reason of the beneficial owner (or a fiduciary, settlor, beneficiary or person holding a power over such beneficial owner, if the
beneficial owner is an estate or trust, or a partner, member or shareholder of the beneficial owner, if the beneficial owner is a partnership, limited liability company or corporation) being or having been with respect to the United States a
personal holding company, a controlled foreign corporation, a passive foreign investment company, a foreign private foundation or other foreign tax-exempt organization, or being a corporation that accumulates earnings to avoid U.S. federal income
tax; 

  

	(d)	any tax, assessment or other governmental charge imposed on a beneficial owner that actually or constructively owns 10% or more of the total combined voting power of all of the Company’s classes of stock that are
entitled to vote within the meaning of Section 871(h)(3) of the Internal Revenue Code of 1986, as amended (the “Code”); 

  

	(e)	any tax, assessment or other governmental charge which would not have been so imposed but for the presentation of such Note for payment on a date more than 30 days after the date on which such payment became due and
payable or the date on which such payment is duly provided for, whichever occurs later; 

  

	(f)	any tax, assessment or other governmental charge that is payable by any method other than withholding or deduction by the Company or any paying agent from payments in respect of such Note; 

  
 C-7 

	(g)	any gift, estate, inheritance, sales, transfer, personal property or excise tax or any similar tax, assessment or other governmental charge; 

 

	(h)	any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment in respect of any Note if such payment can be made without such withholding by at least one other paying
agent; 

  

	(i)	any tax, assessment or other governmental charge that is imposed or withheld by reason of a change in law, regulation, or administrative or judicial interpretation that becomes effective more than 15 days after the
payment becomes due or is duly provided for, whichever occurs later; 

  

	(j)	any tax, assessment or other governmental charge imposed as a result of the failure of the holder or beneficial owner of a Note to comply with a request to comply with applicable certification, information,
documentation or other reporting requirements concerning the nationality, residence, identity or connection with the United States of the holder or beneficial owner of a Note, if such compliance is required by statute or regulation of the United
States as a precondition to relief or exemption from such tax, assessment or other governmental charge; 

  

	(k)	any tax, assessment or other governmental charge imposed by reason of the failure of the beneficial owner to fulfill the statement requirements of Section 871(h) or Section 881(c) of the Code;

  

	(l)	any tax, assessment or other governmental charge imposed pursuant to the provisions of Sections 1471 through 1474 of the Code; or 

  

	(m)	any combination of items (a) through (l) above. 

 The term “Non-U.S.
Holder” means any beneficial owner of a Note that is not a U.S. Holder and is not a partnership (including any entity or arrangement properly classified as a partnership for U.S. federal income tax purposes). The term “U.S. Holder”
means a beneficial owner of a note that is for U.S. federal income tax purposes: an individual citizen or resident of the United States; a corporation created or organized in or under the laws of the United States, any state thereof, or the District
of Columbia; an estate, the income of which is subject to U.S. federal income tax regardless of its source; or a trust, if (i) a U.S. court is able to exercise primary supervision over the trust’s administration and one or more
“United States persons” (as defined in the Code) have the authority to control all substantial decisions of the trust, or (ii) the trust has in effect a valid election to be treated as a “United States person” (as defined in
the Code). 
 Defeasance 
 The Indenture
contains provisions for defeasance at any time of the entire principal of all the Securities of any series upon compliance by the Company with certain conditions set forth therein. 

Certain of the Company’s obligations under the Indenture with respect to Notes, may be terminated if the Company irrevocably deposits
with the Trustee money or Government Obligations sufficient to pay and discharge the entire indebtedness on a the Indenture. 
 Events of Default

 Section 501 of the Base Indenture shall be applicable to the Notes. If an Event of Default (other than an Event of Default
described in Section 501(4) or 501(5) of the Base Indenture) with respect to the Notes shall occur and be continuing, then either the Trustee or the Holders of not less than 25% in principal amount of the Notes of this series then Outstanding
may declare the entire principal amount of the Notes of this series due and payable in the manner and with effect provided in the Indenture. If an Event of Default specified in Section 501(4) or 501(5) of the Base Indenture occurs with respect
to the Company, all of the unpaid principal amount and accrued interest then outstanding shall ipso facto become and be immediately due and payable in the manner and with the effect provided in the Indenture without any declaration or other act by
the Trustee or any Holder. 

  
 C-8 

 Amendments 

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 under the Indenture at any time by the Company with the consent of the Holders of more than 50% in aggregate principal amount of the Securities at the time Outstanding of each series issued
under the Indenture to be affected thereby. The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of that series at the time Outstanding, on behalf of the Holders of
all the 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 with respect to such series. Any such consent or waiver by the Holder
of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the transfer hereof or in exchange or in lieu hereof whether or not notation of such consent or waiver is made upon
this Note. 
 Payment 
 No reference
herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and
in the coin or currency, herein and in the Indenture prescribed. 
 Transfer, Registration and Exchange 

As provided in the Indenture and subject to certain limitations therein set forth, this Note is transferable on the Security Register of the
Company, upon surrender of this Note for registration of transfer at the office or agency of Deutsche Bank Luxembourg S.A. (the “Registrar and Transfer Agent”), currently located at Deutsche Bank Luxembourg S.A., 2 Boulevard
Konrad-Adenauer, L-1115 Luxembourg; Email: TSS-GDS.ROW@db.com, Fax: 0207 547 76149, attn.: Debt and Agency Services, or at any other office or agency of the Company maintained for that purpose, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Registrar and Transfer Agent duly executed by the Holder hereof or the Holder’s attorney duly authorized in writing, and thereupon due or one or more new notes, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Notes are
issuable only in registered form without coupons in denominations of €100,000 and any multiple of €1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a
like aggregate principal amount of Notes of a like tenor and of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith. 
 The Company, the Trustee for the Notes and any agent of the
Company or such Trustee may treat the Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Note be overdue, and neither the Company,
such Trustee nor any such agent shall be affected by notice to the contrary. 
 The Notes are not subject to a sinking fund. 

This Note shall for all purposes be governed by, and construed in accordance with, the laws of the State of New York. 

Certain terms used in this Note which are defined in the Indenture have the meanings set forth therein. 

  
 C-9

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