Document:

EX-4.2

 Exhibit 4.2 

SUPPLEMENTAL INDENTURE NO. 4 

SUPPLEMENTAL INDENTURE NO. 4, dated as of November 22, 2021 (this “Supplemental Indenture”), between GLOBAL
PAYMENTS INC., a Georgia corporation (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (the “Trustee”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company and the Trustee are parties to an Indenture, dated as of August 14, 2019 (the “Base Indenture” and,
as supplemented by this Supplemental Indenture, the “Indenture”), relating to the issuance from time to time by the Company of its Securities on terms to be specified at the time of issuance; 

WHEREAS, Section 9.1(7) of the Base Indenture provides that the Company may enter into a supplemental indenture to provide for the
issuance of any additional Securities under the Base Indenture; 
 WHEREAS, the Company desires to issue three separate series of Securities
and has duly authorized the creation and issuance of such Securities and the execution and delivery of this Supplemental Indenture to modify the Base Indenture and provide certain additional provisions as hereinafter described; 

WHEREAS, the parties hereto deem it advisable to enter into this Supplemental Indenture for the purpose of establishing the terms of such
Securities and providing for the rights, obligations and duties of the Trustee with respect to such Securities; and 
 WHEREAS, all
conditions and requirements of the Base Indenture necessary to make this Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have been performed and fulfilled by the parties hereto. 

NOW, THEREFORE, for and in consideration of the premises and other good and valuable consideration, receipt of which is hereby acknowledged by
the parties hereto, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01 Definitions. 

(a) For all purposes of this Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

“Consolidated Total Assets” means, as of any date of determination, the total assets as reflected on the Company’s most
recent consolidated balance sheet prepared in accordance with generally accepted accounting principles applied on a consistent basis (calculated on a pro forma basis to give effect to any acquisitions and dispositions made subsequent to the date of
such consolidated balance sheet and prior to or concurrent with the determination of Consolidated Total Assets). 

 “Definitive Note” means a certificated Senior Note. 

“Lien” means a mortgage, security interest, pledge or lien or other similar encumbrance. 

“Notes Custodian” means the custodian with respect to a Global Note (as appointed by the Depository), or any successor Person
thereto and shall initially be the Trustee. 
 “Permitted Liens” means: 

(1) Liens on property to secure the payment of all or any part of the cost of acquisition, construction, development or
improvement of such property, or to secure indebtedness incurred to provide funds for any such purpose, provided that the commitment of the creditor to extend the credit secured by any such Lien shall have been obtained not later than 365 days after
the later of (a) the completion of the acquisition, construction, development or improvement of such property or (b) the placing in operation of such property; 

(2) Liens in favor of the Company or any of its Subsidiaries; 

(3) any Lien (x) existing on property of a Person at the time of its consolidation with or merger into the Company or a
Subsidiary or (y) existing on any property acquired by the Company or any Subsidiary at the time such property is so acquired (whether or not the indebtedness secured thereby shall have been assumed); provided that in each such case,
(A) such Lien was not created or assumed in contemplation of such consolidation or merger or such Person’s becoming a Subsidiary or such acquisition of property and (B) such Lien shall extend solely to the property so acquired and
improvements thereon or in the case of an acquisition of a Subsidiary, the assets of the Subsidiary, and in each case, proceeds thereof; 

(4) Liens on property in favor of the United States of America or any state thereof, or in favor of any other country, or any
department, agency, instrumentality or political subdivision thereof (including, without limitation, security interests to secure indebtedness of the pollution control or industrial revenue type) in order to permit the Company or any of the
Subsidiaries to perform a contract or to secure indebtedness incurred for the purpose of financing all or any part of the purchase price for the cost of constructing or improving the property subject to such security interests or which is required
by law or regulation as a condition to the transaction of any business or the exercise of any privilege, franchise or license; 

(5) Liens securing obligations arising under or related to (i) the transfer of cash or other property with respect to any
credit or debit card charge, check or other instrument, electronic funds transfer, or other type of paper-based or electronic payment, transfer, or charge transaction for which a Person acts as a processor, remitter, funds recipient or funds
transmitter in the ordinary course of its business (each such transaction, a “Settlement”) 

  
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and (ii) any payment or reimbursement obligation in respect of the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or
other property to effect a Settlement (including, for the avoidance of doubt, any agreement with a bank or financial institution providing for short term financing for the purpose of funding any Settlement); and 

(6) Liens securing Securitized Indebtedness and receivables factoring, discounting, facilities or securitizations. 

“Principal Property” means the real property, fixtures, machinery and equipment relating to any facility that is real
property located within the territorial limits of the United States of America (excluding its territories and possessions and Puerto Rico) owned by the Company or any of its Subsidiaries, except for any facility that (i) has a net book value,
on the date of determination as to whether a property is a principal property is being made, of less than 2% of Consolidated Total Assets or (ii) in the opinion of the board of directors of the Company, is not of material importance to the
business conducted by the Company and the Subsidiaries, taken as a whole. 
 “Restricted Subsidiary” means (i) any
Subsidiary that constitutes a “significant subsidiary” (as such term is defined in Regulation S-X, promulgated pursuant to the Securities Act of 1933, as amended, as such regulation is in effect on
the date of this Supplemental Indenture), and (ii) any other Subsidiary that holds any Principal Property, in each case excluding (A) any Subsidiary which is not organized under the laws of any state of the United States of America,
(B) any Subsidiary which conducts the major portion of its business outside the United States of America and (C) any Subsidiary of any of the foregoing. 

“Securitized Indebtedness” means, with respect to any Person as of any date, the reasonably expected liability of such Person
for the repayment of, or otherwise relating to, all accounts receivable, general intangibles, chattel paper or other financial assets and related rights and assets sold or otherwise transferred by such Person, or any Subsidiary or Affiliate thereof,
on or prior to such date. 
 “Stated Maturity” means, with respect to each series of Senior Notes, the relevant date set
forth in Section 2.03. 
 (b) The terms defined in this Section have the meanings assigned to them in this Section
and include the plural as well as the singular. 
 (c) Terms used herein without definition shall have the meanings specified in the Base
Indenture. 
 (d) All references to Articles and Sections, unless otherwise specified, refer to the corresponding Articles and Sections of
this Supplemental Indenture. 
 (e) The terms “herein,” “hereof,” “hereunder” and other
words of similar import refer to this Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. 

  
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 Section 1.02 Index of Defined Terms. 

 

					
	 Term
	  	Section	 
		
	 2024 Senior Notes
	  	 	2.01(a)	 
	 2024 Senior Notes Interest Payment Date
	  	 	2.04(b)(i)	 
	 2024 Senior Notes Regular Record Date
	  	 	2.04(b)(i)	 
	 2027 Senior Notes
	  	 	2.01(b)	 
	 2027 Senior Notes Interest Payment Date
	  	 	2.04(b)(ii)	 
	 2027 Senior Notes Regular Record Date
	  	 	2.04(b)(ii)	 
	 2031 Senior Notes
	  	 	2.01(c)	 
	 2031 Senior Notes Interest Payment Date
	  	 	2.04(b)(iii)	 
	 2031 Senior Notes Regular Record Date
	  	 	2.04(b)(iii)	 
	 Additional Senior Notes
	  	 	2.02(c)	 
	 Agent Members
	  	 	2.10(c)(ii)	 
	 Applicable Par Call Date
	  	 	2.14(c)	 
	 Base Indenture
	  	 	Recitals	 
	 Change of Control
	  	 	2.13(h)	 
	 Change of Control Offer
	  	 	2.13(a)	 
	 Change of Control Payment
	  	 	2.13(a)	 
	 Change of Control Payment Date
	  	 	2.13(b)(ii)	 
	 Change of Control Repurchase Event
	  	 	2.13(h)	 
	 Company
	  	 	Preamble	 
	 Comparable Treasury Issue
	  	 	2.14(c)	 
	 Comparable Treasury Price
	  	 	2.14(c)	 
	 Global Notes
	  	 	2.10(b)	 
	 Indenture
	  	 	Recitals	 
	 Independent Investment Banker
	  	 	2.14(c)	 
	 Interest Payment Date
	  	 	2.04(b)(iii)	 
	 Investment Grade
	  	 	2.13(h)	 
	 Moody’s
	  	 	2.13(h)	 
	 Rating Agency
	  	 	2.13(h)	 
	 Rating Event
	  	 	2.13(h)	 
	 Reference Treasury Dealer
	  	 	2.14(c)	 
	 Reference Treasury Dealer Quotations
	  	 	2.14(c)	 
	 Regular Record Date
	  	 	2.04(b)(iii)	 
	 Remaining Scheduled Payments
	  	 	2.14(c)	 
	 S&P
	  	 	2.13(h)	 
	 Senior Notes
	  	 	2.01(c)	 
	 Supplemental Indenture
	  	 	Preamble	 
	 Treasury Rate
	  	 	2.14(c)	 
	 Trustee
	  	 	Preamble	 
	 Voting Stock
	  	 	2.13(h)	 

  
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 ARTICLE II 

THE SENIOR NOTES 

Section 2.01 Title of Securities. There shall be: 

(a) a series of Securities designated the “1.500% Senior Notes due 2024” of the Company (the “2024 Senior Notes”);

 (b) a series of Securities designated the “2.150% Senior Notes due 2027” of the Company (the “2027 Senior
Notes”); and 
 (c) a series of Securities designated the “2.900% Senior Notes due 2031” of the Company (the “2031
Senior Notes” and, together with the 2024 Senior Notes and the 2027 Senior Notes, the “Senior Notes”). 

Section 2.02 Limitation of Aggregate Principal Amount. 

(a) (i) The 2024 Senior Notes will be initially issued in an aggregate principal amount of $500,000,000, (ii) the 2027 Senior Notes will be
initially issued in an aggregate principal amount of $750,000,000, and (iii) the 2031 Senior Notes will be initially issued in an aggregate principal amount of $750,000,000. 

(b) In the case of each series of Senior Notes, the aggregate principal amount specified in this Section shall be subject to the amount of such
series that is authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, such series pursuant to Section 3.4, 3.5, 3.6, 9.6, 11.6 or 13.3 of the Base Indenture and
the amount of such series which, pursuant to Section 3.3 of the Base Indenture, is deemed never to have been authenticated and delivered thereunder. 

(c) The Company may from time to time, without notice to or the consent of the Holders of any series of Senior Notes, create and issue
additional Senior Notes of a series having the same terms as, and ranking equally and ratably with, the applicable series of Senior Notes in all respects (except for the issue date, the public offering price and, if applicable, the payment of
interest accruing prior to the issue date of such additional Senior Notes and the first applicable Interest Payment Date) (“Additional Senior Notes”); provided, however, that if such Additional Senior Notes are not
fungible with the Senior Notes of the applicable series for U.S. federal income tax purposes, such Additional Senior Notes will have a separate CUSIP number. Such Additional Senior Notes may be consolidated and form a single series with, and will
have the same terms as to ranking, redemption, waivers, amendments or otherwise as, the applicable series of Senior Notes, and will vote together as one class on all matters with respect to the applicable series of Senior Notes. 

  
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 Section 2.03 Principal Payment Date. 

(a) The principal amount of the 2024 Senior Notes outstanding (together with any accrued and unpaid interest) shall be payable in a single
installment on November 15, 2024, which date shall be the Stated Maturity of the 2024 Senior Notes. 
 (b) The principal amount of the
2027 Senior Notes outstanding (together with any accrued and unpaid interest) shall be payable in a single installment on January 15, 2027, which date shall be the Stated Maturity of the 2027 Senior Notes. 

(c) The principal amount of the 2031 Senior Notes outstanding (together with any accrued and unpaid interest) shall be payable in a single
installment on November 15, 2031, which date shall be the Stated Maturity of the 2031 Senior Notes. 
 Section 2.04 Interest on
the Senior Notes. 
 (a) (i) The 2024 Senior Notes will bear interest at the rate of 1.500% per annum, (ii) the 2027 Senior
Notes will bear interest at the rate of 2.150% per annum, and (iii) the 2031 Senior Notes will bear interest at the rate of 2.900% per annum, in each case, accruing from November 22, 2021, or from the most recent Interest Payment Date
through which interest has been paid or duly provided for with respect to the applicable series of Senior Notes. 
 (b) Interest on the
Senior Notes will be payable semi-annually: 
 (i) with respect to the 2024 Senior Notes, on each May 15 and
November 15 (each such date, a “2024 Senior Notes Interest Payment Date”), beginning on May 15, 2022, until the principal amount has been paid or made available for payment, to Holders at the close of business on
May 1 or November 1 (whether or not a Business Day), as the case may be, immediately preceding the applicable 2024 Senior Notes Interest Payment Date (each such date, a “2024 Senior Notes Regular Record Date”). 

(ii) with respect to the 2027 Senior Notes, on each January 15 and July 15 (each such date, a “2027 Senior
Notes Interest Payment Date”), beginning on July 15, 2022, until the principal amount has been paid or made available for payment, to Holders at the close of business on January 1 or July 1 (whether or not a Business Day), as
the case may be, immediately preceding the applicable 2027 Senior Notes Interest Payment Date (each such date, a “2027 Senior Notes Regular Record Date”). 

(iii) with respect to the 2031 Senior Notes, on each May 15 and November 15 (each such date, a “2031 Senior
Notes Interest Payment Date,” and, together with each 2024 Senior Notes Interest Payment Date and 2027 Senior Notes Interest Payment Date, an “Interest Payment Date”), beginning on May 15, 2022, until the principal
amount has been paid or made available for payment, to Holders at the close of business on May 1 or November 1 (whether or not a Business Day), as the case may be, immediately preceding the applicable 2031 Senior Notes Interest Payment
Date (each such date, a “2031 Senior Notes Regular Record Date,” and, together with each 2024 Senior Notes Regular Record Date and 2027 Senior Notes Regular Record Date, a “Regular Record Date”). 

(c) If any Interest Payment Date, Stated Maturity or Redemption Date falls on a day that is not a Business Day, the payment due on such date
will be made on the next Business Day, and no interest will accrue for the period from and after such Interest Payment Date, Stated Maturity or Redemption Date. 

  
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 (d) Interest on the Senior Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months. The amount of interest payable for any period shorter than a full monthly period shall be computed on the basis of the actual
number of calendar days elapsed in such period. 
 Section 2.05 Place of Payment. The place where the Senior Notes may be
presented or surrendered for payment, where the Senior Notes may be surrendered for registration of transfer or exchange and where notices and demand to or upon the Company in respect of the Senior Notes and the Indenture may be served, shall be the
Corporate Trust Office of the Trustee or the Paying Agent’s office maintained for that purpose in the Borough of Manhattan, City of New York. 

Section 2.06 Sinking Fund Obligations. The Company has no obligation to redeem or purchase any Senior Notes pursuant to any
sinking fund, amortization or analogous requirement. 
 Section 2.07 Denomination. The Senior Notes of each series will be
issued in the form of one or more fully registered global securities, without coupons, in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

Section 2.08 Currency. Principal and interest on the Senior Notes shall be payable in such coin or currency of the United States
of America that at the time of payment is legal tender for payment of public and private debts. 
 Section 2.09 Securities Registrar
and Paying Agent for the Senior Notes. The Trustee shall serve initially as the Securities Registrar and the Paying Agent for the Senior Notes. 

Section 2.10 Form of Senior Notes; Book Entry Provisions. 

(a) Each series of the Senior Notes shall be substantially in the form of Annex I attached hereto (other than, with respect to any
Additional Senior Notes of any series of the Senior Notes, changes related to the issue date, the public offering price and, if applicable, the payment of interest accruing prior to the issue date of such Additional Senior Notes and the first
applicable Interest Payment Date). The Senior Notes may have notations, legends or endorsements required by law, stock exchange or other rules or usage to which the Company is subject. Each Senior Note shall be dated the date of its authentication.

 (b) The Senior Notes of each series designated herein shall be issued initially in the form of one or more global notes of such series
(the “Global Notes”), which shall be held by the Trustee as Notes Custodian for the Depository, and registered in the name of Cede & Co., the Depository’s nominee, duly executed by the Company and authenticated by the
Trustee as hereinafter provided. The aggregate principal amount of outstanding Senior Notes of each series may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depository or its nominee as
hereinafter provided. 

  
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 (c) This Section 2.10(c) shall apply only to a Global Note deposited with or on
behalf of the Depository. 
 (i) The Company shall execute and the Trustee shall, in accordance with this
Section 2.10(c), authenticate and deliver initially one or more Global Notes that (A) shall be registered in the name of the Depository for such Global Note or the nominee of such Depository and (B) shall be delivered by the
Trustee to such Depository or pursuant to such Depository’s instructions or held by the Trustee as Notes Custodian for the Depository. 

(ii) Members of, or participants in, the Depository (“Agent Members”) shall have no rights under the Indenture
with respect to any Global Note held on their behalf by the Depository or by the Trustee as the Notes Custodian of the Depository or under such Global Note, and the Company, the Trustee and any agent of the Company or the Trustee shall be entitled
to treat the Depository as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any
written certification, proxy or other authorization furnished by the Depository or impair, as between the Depository and its Agent Members, the operation of customary practices of such Depository governing the exercise of the rights of a Holder of a
beneficial interest in any Global Note. 
 (d) Except as provided in Section 2.11 or 2.12, owners of beneficial interests
in Global Notes shall not be entitled to receive physical delivery of Definitive Notes. 
 (e) The terms and provisions contained in the
Senior Notes shall constitute, and are expressly made, a part of this Supplemental Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such terms
and provisions and agree to be bound thereby. If there is any conflict between the terms of the Senior Notes and this Supplemental Indenture, the terms of this Supplemental Indenture shall govern. 

(f) The Senior Notes may be presented for registration of transfer and exchange at the offices of the Securities Registrar. 

Section 2.11 Special Transfer Provisions. 

(a) Transfer and Exchange of Definitive Notes. When Definitive Notes are presented to the Securities Registrar with a request: 

(i) to register the transfer of such Definitive Notes; or 

(ii) to exchange such Definitive Notes for an equal principal amount of Definitive Notes of other authorized denominations, the
Securities Registrar shall register the transfer or make the exchange as requested if its reasonable requirements for such transaction are met; provided, however, that the Definitive Notes surrendered for transfer or exchange: 

  
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 (A) shall be duly endorsed or accompanied by a written instrument of transfer in form
reasonably satisfactory to the Company and the Securities Registrar, duly executed by the Holder thereof or its attorney duly authorized in writing; and 

(B) are accompanied by the following additional information and documents, as applicable: (x) if such Definitive Notes are being
delivered to the Securities Registrar by a Holder for registration in the name of such Holder, without transfer, a certification from such Holder to that effect; or (y) if such Definitive Notes are being transferred to the Company, a
certification to that effect. 
 (b) Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Note. A
Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by a written instrument
of transfer in form reasonably satisfactory to the Company and the Securities Registrar, together with written instructions directing the Trustee to make, or to direct the Notes Custodian to make, an adjustment on its books and records with respect
to such Global Note to reflect an increase in the aggregate principal amount of the Senior Notes represented by the Global Note, such instructions to contain information regarding the Depository account to be credited with such increase, then the
Trustee shall cancel such Definitive Note and cause, or direct the Notes Custodian to cause, in accordance with the standing instructions and procedures existing between the Depository and the Notes Custodian, the aggregate principal amount of
Senior Notes represented by the Global Note to be increased by the aggregate principal amount of the Definitive Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions a beneficial
interest in the Global Note equal to the principal amount of the Definitive Note so canceled. If no Global Notes are then outstanding and the Global Note has not been previously exchanged for certificated securities pursuant to
Section 2.12, the Company shall issue and the Trustee shall authenticate, upon receipt of a Company order, a new Global Note in the appropriate principal amount. 

(c) Transfer and Exchange of Global Notes. 

(i) The transfer and exchange of Global Notes or beneficial interests therein shall be effected through the Depository, in
accordance with this Supplemental Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depository therefor. A transferor of a beneficial interest in a Global Note shall deliver a written
order given in accordance with the Depository’s procedures containing information regarding the participant account of the Depository to be credited with a beneficial interest in such Global Note or another Global Note and such account shall be
credited in accordance with such order with a beneficial interest in the applicable Global Note and the account of the Person making the transfer shall be debited by an amount equal to the beneficial interest in the Global Note being transferred.

 (ii) If the proposed transfer is a transfer of a beneficial interest in one Global Note to a beneficial interest in
another Global Note, the Securities Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being transferred in an amount equal to the principal amount of the
interest to be so transferred, and the Securities Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such interest is being transferred. 

  
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 (iii) Notwithstanding any other provisions of this Supplemental Indenture
(other than the provisions set forth in Section 2.12), a Global Note may not be transferred as a whole except by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the
Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor Depository. 
 (d)
Cancellation or Adjustment of Global Note. At such time as all beneficial interests in a Global Note have either been exchanged for Definitive Notes, transferred, redeemed, repurchased or canceled, such Global Note shall be returned by the
Depository to the Trustee for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, transferred in exchange for an interest
in another Global Note, redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is then the Notes Custodian for
such Global Note) with respect to such Global Note, by the Trustee or the Notes Custodian, to reflect such reduction. 
 (e) Obligations
with Respect to Transfers and Exchanges of Notes. 
 (i) To permit registrations of transfers and exchanges, the Company
shall execute and the Trustee shall authenticate, Definitive Notes and Global Notes at the Securities Registrar’s request. 

(ii) No service charge shall be made for any registration of transfer or exchange, but the Company may require payment of a sum
sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith (other than any such transfer taxes, assessments or similar governmental charge payable upon exchange or transfer pursuant to
Section 9.6 or 11.6 of the Base Indenture). 
 (f) Prior to the due presentation for registration of transfer of any
Senior Note, the Company, the Trustee, the Paying Agent or the Securities Registrar may deem and treat the person in whose name a Senior Note is registered as the absolute owner of such Senior Note for the purpose of receiving payment of principal
of and interest on such Senior Note and for all other purposes whatsoever, whether or not such Senior Note is overdue, and none of the Company, the Trustee, the Paying Agent or the Securities Registrar shall be affected by notice to the contrary.

 (g) All Senior Notes issued upon any transfer or exchange pursuant to the terms of this Supplemental Indenture shall evidence the same
debt and shall be entitled to the same benefits under the Indenture as the Senior Notes surrendered upon such transfer or exchange. 

  
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 (h) No Obligation of the Trustee. 

(i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a
participant in the Depository or any other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant or member thereof, with respect to any ownership interest in the Senior Notes or with respect to the
delivery to any participant, member, beneficial owner or other Person (other than the Depository) of any notice (including any notice of redemption or repurchase) or the payment of any amount, under or with respect to such Senior Notes. All notices
and communications to be given to the Holders and all payments to be made to Holders under the Senior Notes shall be given or made only to the registered Holders (which shall be the Depository or its nominee in the case of a Global Note). The rights
of beneficial owners in any Global Note shall be exercised only through the Depository subject to the applicable rules and procedures of the Depository. The Trustee may rely and shall be fully protected in relying upon information furnished by the
Depository with respect to its members, participants and any beneficial owners. 
 (ii) The Trustee shall have no obligation
or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Supplemental Indenture or under applicable law with respect to any transfer of any interest in any Senior Note (including any transfers
between or among Depository participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly
required by, the terms of this Supplemental Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

Section 2.12 Definitive Notes. 

(a) A Global Note deposited with the Depository or with the Trustee as Notes Custodian for the Depository pursuant to Section 2.10
hereof shall be transferred to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if such transfer complies with
Section 2.11 hereof and if (i) such Depository notifies the Company that it is unwilling or unable to continue as Depository for the applicable series of Senior Notes or at any time ceases to be a clearing agency registered as such
under the Exchange Act and a successor depository is not appointed by the Company within 90 days, (ii) the Company executes and delivers to the Trustee a Company Order that this Global Security shall be so exchangeable or transferable or
(iii) there shall have occurred and be continuing an Event of Default with respect to the applicable series of Senior Notes and the Depository notifies the Trustee of its decision to exchange any Global Securities of such series for Securities
registered in the names of Persons other than the Depository. 
 (b) Any Global Note that is transferable to the beneficial owners thereof
pursuant to this Section shall be surrendered by the Depository to the Trustee at the Corporate Trust Office of the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver,
upon such transfer of each portion of such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section shall be executed, authenticated and
delivered only in denominations of $2,000 principal amount or any integral multiple of $1,000 in excess thereof and registered in such names as the Depository shall direct. 

  
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 (c) Subject to the provisions of Section 2.12(b) hereof, the registered Holder
of a Global Note shall be entitled to grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under the Indenture or
the Senior Notes. 
 (d) In the event of the occurrence of one of the events specified in Section 2.12(a) hereof, the Company
shall promptly make available to the Trustee a reasonable supply of Definitive Notes in definitive, fully registered form without interest coupons. In the event that the Definitive Notes are not issued to each such beneficial owner promptly after
the Securities Registrar has received a request from the Holder of a Global Note to issue such Definitive Note, the Company expressly acknowledges, with respect to the right of any Holder to pursue a remedy pursuant to Article V of the Base
Indenture (as modified herein), the right of any beneficial Holder of Senior Notes to pursue such remedy with respect to the portion of the Global Note that represents such beneficial Holder’s Senior Notes as if such Definitive Notes had been
issued. 
 (e) The Securities Registrar shall retain for a period of two years copies of all letters, notices and other written
communications received pursuant to Section 2.10 or this Section 2.12. The Company shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the
giving of reasonable notice to the Securities Registrar. 
 Section 2.13 Change of Control Offer. 

(a) If a Change of Control Repurchase Event occurs, unless the Company has exercised its right to redeem all of the Senior Notes on or prior to
the date that is 30 days following such Change of Control Repurchase Event, each Holder will have the right to require the Company to repurchase all or any part (equal to $2,000 and integral multiples of $1,000 in excess thereof) of such
Holder’s Senior Notes (the “Change of Control Offer”) at a purchase price in cash equal to 101% of the principal amount of the Senior Notes of such series plus accrued and unpaid interest, if any, to, but excluding, the date of
repurchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date) (the “Change of Control Payment”); provided that after giving effect to
the repurchase, any notes that remain outstanding shall have a denomination of $2,000 or integral multiples of $1,000 in excess thereof. 

(b) Within 30 days following any Change of Control Repurchase Event, or, at the Company’s option, prior to any Change of Control but
after any public announcement of the transaction that constitutes or may constitute the Change of Control, unless the Company has exercised its right to redeem all of the Senior Notes, the Company will mail with a copy to the Trustee or cause the
Trustee to mail a notice by first-class mail (or otherwise deliver in accordance with the applicable procedures of the Depository) to each Holder, stating: 

  
 -12- 

 (i) that such Change of Control Repurchase Event has occurred (or, in the
case of a notice provided prior to a Change of Control but after a public announcement of the transaction that constitutes or may constitute a Change of Control, that such Change of Control Repurchase Event is expected to occur) and that such Holder
has the right to require the Company to repurchase such Holder’s Senior Notes at a purchase price in cash equal to 101% of the outstanding principal amount of the Senior Notes plus accrued and unpaid interest, if any, to, but excluding, the
date of repurchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date); 

(ii) the date of repurchase (which shall be no earlier than 15 days nor (except to the extent that such notice is conditioned
on the occurrence of the Change of Control Repurchase Event) later than 60 days from the date the Change of Control Offer is mailed, other than as may be required by law), which date, in a notice conditioned on the occurrence of a Change of Control
Event, may be designated by reference to the date that such condition is satisfied, rather than a specific date (the “Change of Control Payment Date”); 

(iii) the procedures determined by the Company, consistent with the Indenture, that a holder must follow in order to have its
notes repurchased; and 
 (iv) the notice will, if mailed or otherwise delivered prior to the date of consummation of the
Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring. 
 (c) If the Change
of Control Payment Date is on or after a Regular Record Date and on or before the related Interest Payment Date, any accrued and unpaid interest, if any, will be paid to the Person in whose name a Senior Note is registered at the close of business
on such Regular Record Date, and no additional interest will be payable to Holders who tender pursuant to the Change of Control Offer. 
 (d)
The Company will not be required to make the Change of Control Offer upon a Change of Control Repurchase Event if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth
in the Indenture applicable to a Change of Control Offer made by the Company and repurchases all Senior Notes validly tendered and not withdrawn under the Change of Control Offer. 

(e) In connection with any Change of Control Offer for any series of Senior Notes, if Holders of not less than 90% in aggregate principal
amount of the outstanding Senior Notes of such series validly tender and do not withdraw such Senior Notes in such tender offer and the Company, or any third party making such tender offer in lieu of the Company as described above, purchases all
such Senior Notes validly tendered and not withdrawn by such Holders, the Company or such third party will have the right, upon not less than 15 but not more than 60 days’ notice mailed, or delivered electronically if such notes are held by
DTC, by the Company to each holder of such Senior Notes (provided, that such notice is given not more than 30 days following the repurchase date pursuant to such Change of Control Offer), to redeem all the Senior Notes of such series that remain
outstanding following such purchase at a price in cash equal to 101% of the outstanding principal amount of the Senior Notes plus accrued and unpaid interest, if any, to, but excluding, the applicable Redemption Date (subject to the right of Holders
of record on the relevant Regular Record Date to receive interest due on the relevant Interest Payment Date). 

  
 -13- 

 (f) The Company will comply, to the extent applicable, with the requirements of Rule 14e-1 under the Exchange Act in connection with the repurchase of Senior Notes pursuant to the Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with
provisions of the Indenture, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations described in the Indenture by virtue of the conflict. 

(g) On the Change of Control Payment Date, the Company will, to the extent lawful: 

(i) accept for payment all Senior Notes or portions of Senior Notes (equal to $2,000 and integral multiples of $1,000 in excess
thereof) properly tendered and not properly withdrawn pursuant to the Change of Control Offer; 
 (ii) deposit with the
Paying Agent an amount equal to the Change of Control Payment in respect of all Senior Notes or portions of Senior Notes so tendered; and 

(iii) deliver or cause to be delivered to the Trustee the Senior Notes so accepted together with an Officer’s Certificate
stating the aggregate principal amount of Senior Notes or portions of Senior Notes being repurchased by the Company. 
 (h) For the purposes
of this Section, the following terms have the following meanings: 
 “Change of Control” means: 

(i) the consummation of any transaction (including any merger or consolidation) the result of which is that any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the total voting power of the Company’s Voting Stock;  

(ii) the Company consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or
into, the Company, in any such event pursuant to a transaction in which any of the Company’s outstanding Voting Stock or the outstanding Voting Stock of such other Person is converted into or exchanged for cash, securities or other property,
other than any such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving Person
immediately after giving effect to such transaction; 

  
 -14- 

 (iii) the direct or indirect sale, lease, transfer, conveyance or other
disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole to any “person” (as such term is used in
Sections 13(d) and 14(d) of the Exchange Act) other than to the Company or its Subsidiaries; or 
 (iv) the adoption by
the Company’s stockholders of a plan or proposal for the Company’s liquidation or dissolution. 
 Notwithstanding the foregoing, a
transaction will not be considered to be a Change of Control if (a) the Company becomes a direct or indirect wholly-owned subsidiary of a Person and (b) immediately following that transaction, (1) the direct or indirect holders of the
Voting Stock of such Person are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (2) no “person” or “group” (as such terms are used in Sections 13(d) and 14(d)
of the Exchange Act) is the beneficial owner, directly or indirectly, of more than a majority of the Voting Stock of such Person. 

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Rating Event. 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating category of
Moody’s); and a rating of BBB- or better by S&P (or its equivalent under any successor rating category of S&P). 

“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

“Rating Agency” means each of S&P and Moody’s or, to the extent S&P or Moody’s does not make a rating on
the Senior Notes publicly available, a “nationally recognized statistical rating organization” (as such term is defined in Section 3(a)(62) of the Exchange Act) or “organizations,” as the case may be, selected by the
Company, which shall be substituted for S&P or Moody’s, as the case may be. 
 “Rating Event” means, with respect
to any series of Senior Notes, the ratings of such series of Senior Notes are decreased from Investment Grade by each of the Rating Agencies to below Investment Grade by each of the Rating Agencies on any date during the period commencing on the
date of the first public notice by the Company of any arrangement that could result in a Change of Control and ending 60 days following public notice by the Company of the consummation of such Change of Control (which period shall be extended
so long as the rating of the notes is under publicly announced consideration for a possible downgrade by either Rating Agency as a result of such Change of Control); provided that a Rating Event otherwise arising by virtue of a particular
reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if the Rating Agency
or Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm 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 Rating Event). The Company shall promptly provide notice to the Trustee of the occurrence of a
Rating Event with respect to any series of Senior Notes, and the Trustee assumes no responsibility or obligation to monitor the ratings of the Senior Notes of any series by any of the Ratings Agencies. 

  
 -15- 

 “S&P” means S&P Global Ratings, a division of S&P Global Inc.,
and its successors. 
 “Voting Stock” of any specified Person as of any date means the capital stock of such Person that is
at the time entitled to vote generally in the election of the board of directors of such Person. 
 Section 2.14 Optional
Redemption. 
 (a) At any time prior to the Applicable Par Call Date, each series of Senior Notes will be redeemable, at the
Company’s option, in whole or in part, at any time and from time to time, upon not less than 15 nor more than 60 days’ notice. Upon redemption of the Senior Notes, the Company will pay a redemption price equal to the greater of: 

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

(ii) the sum of the present values of the Remaining Scheduled Payments of the Senior Notes to be redeemed, discounted to the
Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus (A) 10 basis points in the case of the 2024
Senior Notes, (B) 15 basis points in the case of the 2027 Senior Notes, or (C) 20 basis points in the case of the 2031 Senior Notes, provided that the principal amount of a Senior Note remaining outstanding after redemption in part will be $2,000 or
an integral multiple of $1,000 in excess thereof; 
 in each case, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. If the
Redemption Date is on or after a Regular Record Date and on or before the related Interest Payment Date, the accrued and unpaid interest, if any, will be paid to the Person in whose name the Senior Note is registered at the close of business on such
Regular Record Date, and no additional interest will be payable to Holders whose Senior Notes are subject to redemption by the Company. 

(b) On or after the Applicable Par Call Date, each series of Senior Notes will be redeemable, at the Company’s option, in whole or in
part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Senior Notes to be redeemed plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. 

(c) For purposes of Section, the following terms have the following meanings: 

“Applicable Par Call Date” means, with respect to the 2024 Senior Notes, October 15, 2024, with respect to the 2027
Notes, December 15, 2026, and with respect to the 2031 Notes, August 15, 2031. 

  
 -16- 

 “Comparable Treasury Issue” means the U.S. Treasury security or securities
selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the applicable series of Senior Notes to be redeemed (assuming that such series of Senior Notes matured on the Applicable Par Call Date) that would
be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such series of Senior Notes to be redeemed (assuming that such
series of Senior Notes matured on the Applicable Par Call Date). 
 “Comparable Treasury Price” means, with respect to any
Redemption Date for a series of Senior Notes, (i) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations or (ii) if the Company
obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer Quotations. 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company from time to time. 

“Reference Treasury Dealer” means each of (i) each of BofA Securities, Inc. and J.P. Morgan Securities LLC and their
respective successors; provided, however, that if either of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City, the Company shall substitute therefor another primary U.S. Government securities dealer in New
York City and (ii) one or more other nationally recognized investment banking firms that are primary U.S. Government securities dealers specified from time to time by the Company so long as the entity is a primary U.S. Government securities
dealer in New York City. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference
Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding that Redemption Date. 
 “Remaining
Scheduled Payments” means, with respect to each series of Senior Notes to be redeemed, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related date of redemption thereof but for the
redemption to the Applicable Par Call Date; provided, however, that, if that date of redemption is not an Interest Payment Date with respect to such note, the amount of the next succeeding scheduled interest payment thereon will be reduced by the
amount of interest accrued thereon from the preceding Interest Payment Date to that Redemption Date. 
 “Treasury Rate”
means, with respect to any Redemption Date, (i) the arithmetic average of the yields in each statistical release for the immediately preceding week designated “H.15” or any successor publication which is published by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under “U.S. government securities—Treasury constant maturities—nominal,” for
the maturity corresponding to the Comparable Treasury Issue (or if no maturity is within three months before or after the remaining term of the Senior Notes to be redeemed, yields for the two published maturities most closely corresponding to the
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month) or (ii) if such release (or any successor release)

  
 -17- 

 
is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity, computed as of the third
Business Day immediately preceding that Redemption Date, of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that
Redemption Date. 
 ARTICLE III 

AMENDMENT TO BASE INDENTURE 

Section 3.01 Amendment to Article X of the Base Indenture. 

Solely as it relates to the Senior Notes, Article X of the Base Indenture is hereby amended by adding the following immediately after
Section 10.5 thereto: 
 Section 10.6 Limitation on Liens. 

(a) The Company will not (nor will it permit any of its Restricted Subsidiaries to) incur, issue, permit to exist, assume or guarantee any
indebtedness for borrowed money if such indebtedness (in the case of an incurrence, issuance, permission to exist or assumption thereof by the Company or any of the Restricted Subsidiaries) or any such guarantee (in the case of a guarantee by the
Company or any of its Restricted Subsidiaries) is or becomes secured by a Lien on any of the Company’s or the Restricted Subsidiaries’ Principal Properties or on any stock or indebtedness for borrowed money of any of the Company’s
Restricted Subsidiaries, whether now owned or hereafter acquired, without effectively providing that the Senior Notes (together with, if the Company shall so determine, any other indebtedness or obligations of the Company or any of the Restricted
Subsidiaries ranking equally with the Senior Notes and then existing or thereafter created) shall be secured equally and ratably with (or prior to) such indebtedness for borrowed money or guarantee (as applicable) until such time as such
indebtedness or guarantee (as applicable) is no longer secured by such Lien, except for any such indebtedness or guarantee to the extent secured by: 

(i) Liens existing as of the issue date of the Senior Notes or that the Company or any of the Restricted Subsidiaries have
agreed to pursuant to the terms of agreements existing as of the issue date of the Senior Notes; 
 (ii) Liens granted after
the issue date of the Senior Notes, created in favor of the Holders of the Senior Notes; 
 (iii) Liens which are incurred to
extend, renew or refinance (or in connection with any successive extension, renewal or refinancing of) indebtedness for borrowed money or a guarantee of indebtedness for borrowed money which is secured by Liens permitted to be incurred under clauses
(i), (ii) or (iv) of this Section or paragraphs (1), (3), (4) or (5) of the definition of “Permitted Liens,” in each case so long as (A) such Liens are limited to all or part of substantially the same property which secured
the Liens extended, renewed or replaced plus improvements on such property, and (B) the amount of such indebtedness secured is not increased (other than by the amount equal to any costs and expenses (including any premiums, fees or penalties)
incurred in connection with any extension, renewal or refinancing); 

  
 -18- 

 (iv) Liens created in substitution of any Liens permitted by clauses
(i) through (iii) of this Section or paragraphs (1), (3), (4) or (5) of the definition of “Permitted Liens,” provided that, (A) based on a good faith determination of a senior officer of the Company, the assets encumbered by
such substitute or replacement Lien are substantially similar in nature to the assets encumbered by the otherwise permitted Lien that is being replaced and (B) the amount of such indebtedness secured is not increased (other than by the amount
equal to any costs and expenses (including any premiums, fees or penalties) incurred in connection with any extension, renewal or refinancing); and 

(v) Permitted Liens. 

(b) Notwithstanding the foregoing, the Company and any of the Restricted Subsidiaries may incur, issue, permit to exist, assume or guarantee
any indebtedness for borrowed money without securing the Senior Notes equally and ratably with (or prior to) such indebtedness or guarantee if, at the time of such incurrence, issuance, permission to exist, assumption or guarantee, after giving
effect thereto and to the retirement of any indebtedness that is being retired substantially concurrently, the aggregate amount of all such outstanding indebtedness for borrowed money or guarantees thereof secured by Liens upon any Principal
Properties or stock or indebtedness for borrowed money of any of the Restricted Subsidiaries, other than Liens described in clauses (i) through (v) above, does not at such time exceed 10% of Consolidated Total Assets. 

ARTICLE IV 

MISCELLANEOUS 

Section 4.01 Integral Part; Effect of Supplement on Indenture. This Supplemental Indenture constitutes an integral part of the
Base Indenture. Except for the amendments and supplements made by this Supplemental Indenture (which only apply to the Senior Notes), the Base Indenture shall remain in full force and effect as executed. 

Section 4.02 Adoption, Ratification and Confirmation. The Indenture is in all respects hereby adopted, ratified and confirmed.

 Section 4.03 Trustee Not Responsible for Recitals. The recitals in this Supplemental Indenture are made by the Company, and
the Trustee assumes no responsibility for the correctness of such recitals. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 

Section 4.04 Counterparts. This Supplemental Indenture may be executed in several counterparts, each of which shall be an original
and all of which shall constitute but one and the same instrument. 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.

  
 -19- 

 Section 4.05 Governing Law. This Supplemental Indenture and the Senior Notes
shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of law principles thereof.  

Section 4.06 Electronic Signatures. All notices, approvals, consents, requests and any communications hereunder must be in writing
(provided that any communication sent to the Trustee hereunder must be in the form of a document that is signed manually or by way of a digital signature provided by DocuSign (or such other digital signature provider as specified in writing to the
Trustee by the authorized representative), in English. The Company agrees to assume all risks arising out of the use of using digital signatures and electronic methods to submit communications to the Trustee, including, without limitation and
subject to the provisions of Section 6.3 of the Base Indenture, the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties. 

[Signature page follows] 

  
 -20- 

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

					
	GLOBAL PAYMENTS INC.
		
	By:	 	 /s/ Paul Todd

		 	Name:	 	Paul Todd
		 	Title:	 	Senior Executive Vice President and Chief Financial Officer

 Attest: 
  

					
	By:	 	 /s/ David L. Green

		 	Name:	 	David L. Green
		 	Title:	 	Senior Executive Vice President, General Counsel and Corporate Secretary

 [Signature Page to Supplemental Indenture No. 4] 

 
					
	 U.S. BANK NATIONAL ASSOCIATION,

as Trustee

		
	By:	 	 /s/ David Ferrell

		 	Name:	 	David Ferrell
		 	Title:	 	Vice President

  

			
	Attest:	 	
		
	By:	 	 /s/ Jack Ellerin

		 	 Name: Jack Ellerin
 Title: Vice
President

 [Signature Page to Supplemental Indenture No. 4] 

 ANNEX I 

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

  
 Annex I-1 

 GLOBAL PAYMENTS INC. 

(TITLE OF SECURITY) 
 No. $ 

GLOBAL PAYMENTS INC., a corporation organized and existing under the laws of Georgia (hereinafter called the “Company,” which
term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to [•], or registered assigns, the principal sum of [•] Dollars, or such other principal amount as may be set
forth in the records of the Securities Registrar hereinafter referred to in accordance with the Indenture, on [•], [•] (the “Stated Maturity”). The Company further promises to pay interest on said principal sum from
[•], [•], or from the most recent interest payment date (each such date, an “Interest Payment Date”) on which interest has been paid or duly provided for, semiannually in arrears on [•] and [•] of each year,
commencing [•], 2022, at the rate of [•]% per annum, until the principal hereof is paid or duly provided for or made available for payment. In the event that any date on which interest is payable on this Security is not a Business Day,
then a payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay), with the same force and effect as if made on the date the
payment was originally payable. A “Business Day” shall mean any day that is not a Saturday, a Sunday or a day on which banking institutions are authorized or required to be closed in the State of New York. The interest installment
so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business
on the Regular Record Date for such interest installment, which shall be the [•] or [•] (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest installment not so punctually paid or
duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a
Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Company maintained
for that purpose in the United States of America, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

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

  
 Annex I-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	GLOBAL PAYMENTS INC.
		
	By:	 	  

		 	Name: Paul Todd
		 	 Title:  Senior Executive Vice President and Chief Financial Officer

 Attest: 
  

			
	By:	 	  

		 	Name: David L. Green
		 	 Title:  Senior Executive Vice President, General Counsel and Corporate
Secretary

  
 Annex I-3 

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

			
	 U.S. BANK NATIONAL ASSOCIATION
 Not
in its individual capacity but solely as Trustee

		
	By:	 	  

		 	AUTHORIZED SIGNATORY

 Date of Authentication: 

  
 Annex I-4 

 FORM OF REVERSE OF SECURITY 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to
be issued in one or more series under a Base Indenture, dated as of August 14, 2019 (the “Base Indenture”), as supplemented by a Supplemental Indenture No. 4, dated as of November 22, 2021 (the “Supplemental
Indenture” and, together with the Base Indenture, the “Indenture”), between the Company and U.S. Bank National Association, as Trustee (herein called the “Trustee,” which term includes any successor trustee
under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Trustee, the Company and the Holders
of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered. 
 All terms used in this
Security are defined in the Indenture. 
 Optional Redemption 

(a) At any time prior to [•] (the “Par Call Date”), this Security will be redeemable, at the Company’s option, in
whole or in part, at any time and from time to time, upon not less than 15 nor more than 60 days’ notice. Upon redemption of this Security, the Company will pay a redemption price equal to the greater of: 

(i) 100% of the principal amount of this Security to be redeemed; and 

(ii) the sum of the present values of the Remaining Scheduled Payments of this Security to be redeemed, discounted to the
Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus [•] basis points, provided that the
principal amount of this Security remaining outstanding after redemption in part will be $2,000 or an integral multiple of $1,000 in excess thereof; 
 in
each case, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. If the Redemption Date is on or after a Regular Record Date and on or before the related Interest Payment Date, the accrued and unpaid interest, if any, will
be paid to the Person in whose name this Security is registered at the close of business on such Regular Record Date, and no additional interest will be payable to Holders whose Securities are subject to redemption by the Company. 

(b) On or after the Par Call Date, this Security will be redeemable, at the Company’s option, in whole or in part, at any time and from
time to time, at a redemption price equal to 100% of the principal amount of this Security plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. 

(c) For purposes of Section, the following terms have the following meanings: 

“Comparable Treasury Issue” means the U.S. Treasury security or securities selected by an Independent Investment Banker as
having a maturity comparable to the remaining term of this Security (assuming that this Security matured on the Par Call Date) that would be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of this Security (assuming that this Security matured on the Par Call Date). 

  
 Annex I-5 

 “Comparable Treasury Price” means, with respect to any Redemption Date for
this Security, (i) the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such Reference Treasury Dealer Quotations or (ii) if the Company obtains fewer than four such
Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer Quotations. 
 “Independent Investment
Banker” means one of the Reference Treasury Dealers appointed by the Company from time to time. 
 “Reference Treasury
Dealer” means each of (i) each of BofA Securities, Inc. and J.P. Morgan Securities LLC and their respective successors; provided, however, that if either of the foregoing shall cease to be a primary U.S. Government securities dealer in
New York City, the Company shall substitute therefor another primary U.S. Government securities dealer in New York City and (ii) one or more other nationally recognized investment banking firms that are primary U.S. Government securities
dealers specified from time to time by the Company so long as the entity is a primary U.S. Government securities dealer in New York City. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at
5:00 p.m., New York City time, on the third Business Day preceding that Redemption Date. 
 “Remaining Scheduled
Payments” means, with respect to this Security, the remaining scheduled payments of the principal hereof and interest hereon that would be due after the related date of redemption hereof but for the redemption to the Par Call Date;
provided, however, that, if that date of redemption is not an Interest Payment Date with respect to this Security, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon from
the preceding Interest Payment Date to that Redemption Date. 
 “Treasury Rate” means, with respect to any Redemption Date,
(1) the arithmetic average of the yields in each statistical release for the immediately preceding week designated “H.15” or any successor publication which is published by the Board of Governors of the Federal Reserve System and
which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under “U.S. government securities—Treasury constant maturities—nominal,” for the maturity corresponding to the Comparable
Treasury Issue (or if no maturity is within three months before or after the remaining term of this Security, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury
Rate will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month) or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not
contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity, computed as of the third Business Day immediately preceding that Redemption Date, of the Comparable Treasury Issue, assuming a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption Date. 

  
 Annex I-6 

 In the event of redemption of this Security in part only, a new Security or Securities of
this series for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Indenture
permits, with certain exceptions as therein provided, the Company and the Trustee at any time to enter into a supplemental indenture or indentures for the purpose of modifying in any manner the rights and obligations of the Company and of the
Holders of the Securities, with the consent of the Holders of not less than a majority in principal amount of the Outstanding Securities of each series to be affected by such supplemental indenture. The Indenture also contains provisions permitting
Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon
the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and
Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 
 As
provided in and subject to the provisions of the Indenture, if an Event of Default with respect to the Securities of this series at the time Outstanding occurs and is continuing, the principal amount of all the Securities of this series may be
declared due in the manner and with the effect provided in the Indenture. 
 As provided in and subject to the provisions of the Indenture,
the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the
Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made a written request to
the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee security or indemnity satisfactory to the Trustee, and the Trustee shall not have received from the Holders of a majority in principal amount
of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not
apply to any suit instituted by the Holder of this Security for the enforcement of any payment or delivery of principal, or any premium or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

  
 Annex I-7 

 As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registrable in the Securities Register, upon surrender of this Security for registration of transfer at the office or agency of the Company maintained under Section 10.2 of the Base Indenture duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the Securities Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series,
of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 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. 
 Prior to due presentment of
this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee shall treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 The Securities of this
series are issuable only in registered form without coupons in minimum denominations of $2,000 and any integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of
this series are exchangeable for a like aggregate principal amount of Securities of such series of a different authorized denomination, as requested by the Holder surrendering the same. 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

The Indenture and this Security shall be governed by and construed in accordance with the laws of the State of New York, without regard to
conflicts of law principles thereof. 

  
 Annex I-8Exhibit 10.1
​
CARPARTS.COM, INC.
 
Officer and Director Share Purchase Plan
 
 November 16, 2021
 
	1.	Purpose. The purpose of the Plan is to provide a convenient method by which Eligible Individuals of the Company may purchase fully vested Company common stock from the Company at fair market value. This Plan is effective as of November 16, 2021.

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	2.	Definitions.

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		2.1.	“1934 Act” means the Securities Exchange Act of 1934, as amended. Reference to a specific section of the 1934 Act or regulation thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation.

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		2.2.	“Board” means the Board of Directors of the Company.

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		2.3.	“Committee” means the Compensation Committee of the Board.

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		2.4.	“Company” means CarParts.com, Inc.

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		2.5.	“Director” means a non-employee member of the Board.

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		2.6.	“Eligible Individual” means an Officer or Director who has been designated by the Committee as eligible to participate in the Plan.

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		2.7.	“Fair Market Value” means the consolidated closing bid price for Shares on the relevant date.

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		2.8.	“Fees” means the cash fees payable to a Director for any given fiscal quarter of the Company as a result of his or her service on the Board and its committees during the applicable period.

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		2.9.	“Officer” means a person who is an “Executive Officer” of the Company within the meaning of Nasdaq Listing Rule 5605(a) or its successor provision.  As of the date of the adoption of this Plan, the term “Executive Officer” for purposes of Nasdaq Listing Rule 5605(a) means the Company’s president, principal financial officer, principal accounting officer (or, if there is no such accounting officer, the controller), any vice-president in charge of a principal business unit, division or function (such as sales, administration or finance), any other officer who performs a policy-making function, or any other person who performs similar policy-making functions for the Company, including officers of the Company’s parent or subsidiaries if they perform such policy-making functions for the Company.

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2.10.“Participant” means an Eligible Individual who elects to participate in the Plan in accordance with Section 5.1.
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2.11.“Plan” means this Officer and Director Share Purchase Plan, as it may be amended from time to time.
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2.12.“Share” means a share of the Company’s common stock, $0.001 par value per share.
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2.13.“Trading Day” means a day on which The Nasdaq Stock Market is open for trading. A Trading Day begins at the time trading begins on such day.

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2.14.“Trading Window” means the period commencing at the opening of market on the third Trading Day following the public disclosure of the financial results for a particular fiscal quarter or fiscal year of the Company and continuing until the close of market on the fifteenth calendar day of the third month of every fiscal quarter, provided that during this period no circumstances exist that otherwise closes the Trading Window.
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	3.	Administration.

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		3.1.	The Plan will be interpreted and administered by the Committee, whose actions and interpretations will be final and binding.

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		3.2.	The Committee, in its sole discretion, will have the power, subject to, and within the limitations of, the express provisions of the Plan:

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3.2.1.To interpret and determine the meaning, validity and parameters of the terms and provisions of the Plan and to determine any question arising under, or in connection with, the administration, operation or validity of the Plan;
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3.2.2.To determine the form and manner for Participants to make elections under the Plan and to approve forms of election to be used in conjunction with the Plan;
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3.2.3.To determine the time or times when Eligible Individuals may elect to participate in the Plan or otherwise change such elections;
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3.2.4.To select the Officers and Directors who will be eligible to participate in the Plan from time to time;
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3.2.5.To make any and all determinations as it may deem necessary or appropriate for the administration of the Plan, including the number of Shares to be issued in exchange for a Participant’s aggregate deductions;
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3.2.6.To establish, amend and revoke rules and procedures relating to the Plan (for example, but not by way of limitation, with respect to Eligible Individual elections to participate in the Plan and the delivery of Shares) as it may deem necessary or appropriate for the administration of the Plan;
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3.2.7.To employ such brokers, counsel, agents and advisers, and to obtain such broker, legal, clerical and other services, as it may deem necessary or appropriate in carrying out the provisions of the Plan; and
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3.2.8.To delegate all or any part of its authority and powers under the Plan to one or more officers or employees of the Company, including with respect to the day-to-day administration of the Plan.
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	4.	Shares Subject to the Plan.

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		4.1.	Subject to adjustment as provided in Section 4.2, the total number of Shares available for issuance under the Plan shall equal two hundred and fifty thousand (250,000). Shares granted under the Plan may be either authorized but unissued Shares or treasury Shares.

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		4.2.	In the event that any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares, then the Committee shall, in such manner as it may deem equitable, adjust the number and class of Shares which may be delivered under the Plan. Notwithstanding the preceding, the number of Shares available for issuance under the Plan always shall be a whole number.

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	5.	Election to Purchase Shares.

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		5.1.	Elections.

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5.1.1.Each Eligible Individual’s decision to participate in the Plan shall be entirely voluntary. An Eligible Individual may become a Participant in the Plan by enrolling or re-enrolling in the Plan during a Trading Window, provided that the Participant does not otherwise possess material non-public information concerning the Company (within the meaning of the 1934 Act) at the time of his or her election. In order to enroll, an Eligible Individual must complete, sign and submit to the Company an election form, in such form as the Committee will determine in its sole discretion.
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5.1.2.On his or her election form, each Eligible Individual must authorize payroll deductions or, in the case of Directors, deductions from Fees for the purposes of purchasing fully vested Shares. Any deductions for this Plan will occur after normal and appropriate withholding for all Federal and State taxes and after voluntary withholdings for participation in other Company benefit plans. With respect to Officers, the payroll deductions may not reduce the individual’s compensation below an amount equal to two (2) times the federal or applicable state minimum wage, whichever is higher, required to be paid each pay period. Payroll deductions for a Participant who is an Officer will commence with the first full payroll period immediately following the date the Participant submits a properly completed election form to the Company. Deductions from Fees for a Participant who is a Director will commence on the first day on which the foregone Fees would have been paid to the Director and will apply only to Fees earned and paid after the date the Participant submits a properly completed election form to the Company.
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		5.2.	Duration of Elections. An Eligible Individual’s election form will remain in effect unless amended or terminated as provided in Section 5.3.

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		5.3.	Amendment or Termination of Elections.

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5.3.1.A Participant may terminate his or her participation in the Plan at any time by providing notice of termination to the Company in a manner and pursuant to such procedures as the Committee may determine from time to time. A Participant’s election to terminate participation shall be effective as soon as administratively practicable following the Company’s receipt of the Participant’s notice of termination.
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5.3.2.A Participant may increase or decrease the rate of his or her payroll deductions or Fee deductions, as applicable, by submitting a new election form to the Company at any time during a Trading Window, provided that the Participant does not otherwise possess material non-public information concerning the Company (within the meaning of the 1934 Act) at the time of his or her new election. Notwithstanding the foregoing, a Participant may not decrease the rate of his or her deductions below 1% of his or her compensation or Fees, as applicable. Provided that a Participant has properly submitted a completed election form, the change in payroll or Fee deduction rate will be effective as soon as administratively practicable following the date the Company receives the Participant’s new election form and will apply only to compensation or Fees earned after such date.
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		5.4.	Board or Committee Approval. Prior to the purchase and delivery of Shares pursuant to Section 6, the Board or the Committee shall approve (i) the terms of each Participant’s election and (ii) the purchase and delivery of the related Shares. The Board or the Committee, as applicable, may, in its sole discretion, determine not to approve such election or purchase and delivery of Shares. In such an event, any compensation or fees subject to the Participant’s election will be paid in cash when they otherwise become due and owing.

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	6.	Purchase and Delivery of Shares.

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		6.1.	On, or as soon as administratively practicable following, each payroll date or, in the case of Directors, each date on which Fees would otherwise be paid, each Participant’s aggregate deductions for the applicable period will be converted into fully vested Shares based on the Fair Market Value of a Share on such date. No fractional Shares will be purchased. Any payroll or Fee deductions which are not sufficient to purchase a full Share will be paid to the Participant in cash.

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		6.2.	Shares paid out to a Participant under the Plan will be delivered electronically to the Participant’s broker as indicated in the Participant’s election form or, if not specified, to the Participant’s broker(s) of record as listed in the Company’s records at the time of delivery.

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		6.3.	Notwithstanding the foregoing, no Shares will be delivered to a Participant until after the Participant’s election and related purchase and delivery of Shares have been approved by the Board or the Committee in accordance with Section 5.4.

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	7.	Dividends. Dividends declared and paid, if any, on Shares issued under the Plan will not be automatically invested in additional Shares without the prior approval of the Committee.

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	8.	Amendment or Termination of the Plan. The Committee may, at any time and for any reason, amend or terminate the Plan without regard to whether the amendment or termination may adversely affect any Participant. Without limiting the generality of the foregoing, such amendment or termination may be effective immediately notwithstanding that (i) elections have been made and are then in effect and (ii) deductions have been withheld but not yet applied to the purchase of Shares, in which case such deductions will be paid to the Participant in cash as soon as administratively practicable. No amendment or modification will require the consent of any Participants.

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	9.	No Guarantee of Future Service. Neither the establishment or maintenance of the Plan, the purchase of Shares, nor any action of the Company or the Committee, will be held or construed to confer upon any Officer any right to be continued as an employee of the Company nor, upon dismissal, any right or interest in any specific assets of the Company other than as provided in the Plan. The Company expressly reserves the right to discharge any Officer at any time, with or without cause.

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	10.	Tax Reporting. The participant will be responsible for reporting and paying any and all federal, state, or any other tax liabilities that arise from selling or otherwise disposing of the Shares. At any time, the Company may, but will not be obligated to, withhold from the Participant’s compensation the amount necessary for the Company to meet applicable withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to the issuance, sale or disposition of Shares by the Participant.

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	11.	Choice of Law. All questions concerning the construction, validity, and interpretation of the Plan will be governed by the law of the State of Delaware, exclusive of the conflict of laws provisions thereof.

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	12.	Severability. In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

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	13.	Requirements of Law. The Company shall not be required to issue any Shares hereunder prior to fulfillment of all the following conditions: (a) the admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; (b) the completion of any registration or other qualification of such Shares under any U.S. state or federal law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; and (c) the obtaining of any approval or other clearance from any U.S. state or federal governmental agency, which the Committee shall, in its absolute discretion, determine to be necessary or advisable.

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	14.	Headings. The headings in the Plan are for convenience only and will not be deemed to constitute a part hereof nor to affect the meaning hereof.

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